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The Implications of the Incursion of Cryptocurrency on the Effectiveness of Fiscal Policy 加密货币入侵对财政政策有效性的影响
Q4 Social Sciences Pub Date : 2022-06-30 DOI: 10.54609/reaser.v23i1.214
O. Obu, W. Ukpere
Existing literature has examined a plethora of factors that can affect the effectiveness, performance or nature of fiscal policy in an economy. In this paper we build on the fundamental tenets of micro-economic models to examine the potential ways cryptocurrencies can affect the effectiveness of a country’s fiscal policy. Our finding is that under the assumptions of an absence of uncertainties, perfectly competitive markets, household utility maximization, and usage of public money and cryptocurrency, the government purchases as well as the ability of the government to raise funds by issuing bonds and by taxation is decreasing in new investments in cryptocurrencies but increasing in the income earned from cryptocurrencies. We go further to discuss the factors that account for the sustained ability of cryptocurrencies to weaken the state’s fiscal-policy capabilities and possible ways the effects of cryptocurrencies on the state’s fiscal integrity can be mitigated.
现有文献研究了影响经济中财政政策有效性、绩效或性质的众多因素。在本文中,我们以微观经济模型的基本原理为基础,研究加密货币影响一个国家财政政策有效性的潜在方式。我们的发现是,在不存在不确定性、完全竞争的市场、家庭效用最大化以及公共资金和加密货币使用的假设下,政府购买以及政府通过发行债券和税收筹集资金的能力正在减少对加密货币的新投资,但从加密货币中获得的收入却在增加。我们进一步讨论了导致加密货币持续削弱国家财政政策能力的因素,以及减轻加密货币对国家财政完整性影响的可能方法。
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引用次数: 0
The Impact of Climate Change on Agriculture and Adaptation Mechanisms: The Case of Egypt 气候变化对农业和适应机制的影响:以埃及为例
Q4 Social Sciences Pub Date : 2022-06-30 DOI: 10.54609/reaser.v23i1.133
Hanan Mahmoud Sayed Agbo
Climate change has adverse effect on agricultural production in developing countries, especially in those with low incomes and a high rate of hunger and poverty. Although the agricultural sector will be costly to adapt to climate change, it is essential to achieving food security. This study aims to analysis the impact of climate change on agriculture and adaptation mechanisms in Egypt during the period (1980:2018) using Autoregressive Distributed Lags Model (ARDL). The empirical results inferred that most of the variables are insignificant in the short-run. In the long run, the empirical results revealed that the impact of climate change on agricultural production, including the emissions of carbon dioxide and temperature, is positive. Hence, even if the impact of the rain variable is negative, but its value is low, and then Egypt has not entered a critical or dangerous stage. On the other hand, the results indicated that the research directed at increasing productivity and developing new varieties more compatible with climate changes is insufficient. Even if the research is available, the Egyptian farmer does not use it due to lack of agricultural Extension. For mechanical and chemical technology effect, the long-run coefficient of Fertilizers is insignificant. The long-run coefficient of the number of tractors is negative and significant, while rural population coefficient is positive and significant. This means that Egyptian agriculture is more dependent on manpower than mechanical technology
气候变化对发展中国家的农业生产产生不利影响,特别是对那些收入低、饥饿和贫困率高的国家。尽管农业部门适应气候变化的代价高昂,但它对实现粮食安全至关重要。本研究旨在利用自回归分布滞后模型(ARDL)分析1980 - 2018年期间气候变化对埃及农业的影响及其适应机制。实证结果表明,大多数变量在短期内是不显著的。从长期来看,实证结果表明,气候变化对农业生产的影响,包括二氧化碳排放和温度,是积极的。因此,即使降雨变量的影响是负面的,但它的值很低,那么埃及还没有进入一个关键或危险的阶段。另一方面,在提高产量和培育适应气候变化的新品种方面的研究不足。即使有研究,由于缺乏农业推广,埃及农民也不会使用它。由于机械和化学技术的影响,肥料的长期系数不显著。拖拉机保有量的长期系数为负且显著,农村人口系数为正且显著。这意味着埃及农业更依赖于人力而不是机械技术
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引用次数: 1
The Impact of Public Bus Service Quality on the Users’ Satisfaction: Evidence from a Developing Asian City 公共汽车服务质量对用户满意度的影响:来自亚洲某发展中城市的证据
Q4 Social Sciences Pub Date : 2022-06-30 DOI: 10.54609/reaser.v23i1.185
N. Z. Ubaidillah, Nur Haziqah Sa’ad, N. Nordin, N. Baharuddin, F. Ismail, Mohd Khairul Hisyam Hassan
In a country where there is a high level of car ownership, public buses is considered as another modes of transport that is more sustainable. Despite that, there is a very low level of public bus ridership in Malaysia which questions the users’ satisfaction on its service quality. This study investigates the role of public buses service quality (tangibility, reliability, assurance, empathy and responsiveness) by the utilizing the SERVQUAL model towards users’ satisfaction. A sample of 300 questionnaires were obtained from public bus users in Kota Samarahan, Malaysia as the case study area. Using Partial Least Square-Structural Equation Model, the results show that tangibility, reliability and responsiveness are significant service quality factors that influence users’ satisfaction of public buses in the case study area. Of the factors, tangibility is considered as the most critical factor that influence users’ satisfaction. This study provides imperative knowledge which will be advantageous for stakeholders specifically policy-makers, transport ministries, town planners, local authorities and service operators in strategizing policies and plans that could encourage the public buses usage.
在一个汽车拥有率很高的国家,公共汽车被认为是另一种更可持续的交通方式。尽管如此,马来西亚的公共汽车乘客数量非常低,这让人质疑乘客对服务质量的满意度。本研究运用SERVQUAL模型,探讨公车服务品质(有形性、可靠性、保证性、共情性和响应性)对使用者满意度的影响。本研究以马来西亚哥打Samarahan的公共巴士使用者为个案研究区,抽取300份问卷。运用偏最小二乘结构方程模型,研究结果表明:可触性、可靠性和响应性是影响案例研究区域公共汽车用户满意度的显著服务质量因素。在这些因素中,可有可无被认为是影响用户满意度的最关键因素。这项研究提供了必要的知识,这将有利于利益相关者,特别是政策制定者,交通部门,城市规划者,地方当局和服务运营商制定政策和计划,鼓励公共汽车的使用。
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引用次数: 0
Revisit intentions: Novel social responsibility of mall for strengthening mall reputation and perceived trust during fear-arousal of Covid-19 pandemic in India 重新审视意图:在印度Covid-19大流行引发的恐惧中,商场为加强商场声誉和感知信任而承担的新型社会责任
Q4 Social Sciences Pub Date : 2022-06-30 DOI: 10.54609/reaser.v23i1.158
Vivek Devvrat Singh, Dr. Utkal Khandelwal, Dr. Ankit Saxena
The study aims to access the philanthropic influence of malls in creating trust among the shoppers to revisit them during the Covid-19 Unlock Period. Smart PLS-SEM was used to evaluate the responses of 607 customers who voluntarily participated in the survey carried out in Delhi – NCR, India. The study encompasses the hypotheses that the social responsibility of mall generates mall reputation, which in turn strengthen perceived trust, and ultimately the revisit intention. The results established the social responsibility of the mall as a key factor in building mall reputation and fostering trust among the shoppers, ensuring their revisits. The findings also supported shoppers’ revisit intention under the varying influence of fear-arousal. The moderating effect of fear arousal on the relationships of mall reputation – revisit intention, and perceived trust – revisit intention in the organized retail industry has been adjudged as a novelty of the present study. The study recommends its application in framing strategies to strengthen the social commitments by retailers and malls, and also to ameliorate fear-arousal among shoppers during such pandemics. The study proposes avenues for further research in context to the social responsibilities of hospitality-related set-ups during a pandemic with varied variables.
该研究旨在利用购物中心的慈善影响力,在消费者中建立信任,在Covid-19解锁期间再次光顾购物中心。智能PLS-SEM被用来评估607名客户的反应,他们自愿参加了在印度德里- NCR进行的调查。本研究包含了商场社会责任产生商场声誉的假设,进而增强感知信任,最终增强重访意愿。研究结果表明,商场的社会责任是建立商场声誉、培养顾客信任、确保顾客回访的关键因素。研究结果还支持了购物者在恐惧唤起的不同影响下的重访意愿。在有组织的零售业中,恐惧唤醒对商场声誉-重访意愿、感知信任-重访意愿关系的调节作用被认为是本研究的新颖之处。该研究建议将其应用于制定战略,以加强零售商和购物中心的社会承诺,并在此类流行病期间改善购物者的恐惧情绪。该研究为进一步研究大流行期间与酒店相关的机构的社会责任提供了各种变量的途径。
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引用次数: 0
Are Modifications in the ETF's Investment Performance and Risks during the COVID-19 Pandemic Event? 新冠肺炎大流行期间,ETF的投资业绩和风险是否发生了变化?
Q4 Social Sciences Pub Date : 2022-06-30 DOI: 10.54609/reaser.v23i1.202
Ying-Sing LIU, Liza Prof. LEE
This study focuses on the impact of the COVID-19 pandemic on the investment performance and systematic risk of ETFs. As a result of the early stages of the COVID-19 outbreak, the impact in China was much greater than that in Taiwan. Therefore, by two ETFs investing higher weighted stocks in the Shanghai and Taiwan markets, the ETFs are used to explore the COVID-19 pandemic effect on the two stock markets. Jensen’s alpha and the modified model by Jensen (1968) are coupled with GARCH(1,1) to modify and test ETF’s performance and systematic risk. The empirical results show that ETF50 performance may be overestimated by using Jensen’s alpha. According to the results of modified Jensen's alpha, there is no evidence that abnormal returns are significantly nonzero in both ETFs and that alpha values have not been changed by the COVID-19 event. After the COVID-19 pandemic began, the SSE50 ETF’s systematic risk significantly increased, and the asset size of funds significantly decreased. Therefore, the results supported the significant impact of the COVID-19 pandemic on the SSE50 ETF. There is evidence that the SSE50 ETF affects COVID-19 events, and this result echoes the more severe areas of the COVID-19 pandemic in China.
本文主要研究新冠肺炎疫情对etf投资绩效和系统性风险的影响。由于新冠肺炎疫情处于早期阶段,中国大陆受到的影响远远大于台湾。因此,本文通过两只etf分别投资上海和台湾市场的高权重股票,来探讨新冠肺炎疫情对两地股市的影响。将Jensen的alpha和Jensen(1968)修正的模型与GARCH(1,1)耦合,对ETF的绩效和系统风险进行修正和检验。实证结果表明,使用Jensen’s alpha可能高估了ETF50的绩效。根据修正Jensen’s alpha的结果,没有证据表明两个etf的异常收益显著非零,alpha值没有因COVID-19事件而改变。新冠疫情爆发后,SSE50 ETF的系统性风险明显增加,资金资产规模明显下降。因此,研究结果支持新冠肺炎大流行对SSE50 ETF的显著影响。有证据表明,SSE50 ETF影响了COVID-19事件,这一结果与中国COVID-19大流行更为严重的地区相呼应。
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引用次数: 0
Communication channels consumption across awareness building, information search and school choice - perspectives from the VET sector in Kosovo 认识建设、信息搜索和学校选择方面的沟通渠道消费——来自科索沃职业教育教育部门的观点
Q4 Social Sciences Pub Date : 2022-06-30 DOI: 10.54609/reaser.v23i1.206
Art Shala, Xhevat Sopi
This study aims at understanding the channels through which the students have become aware, the channels which they used to search for information on the schools and the key factor that pushed them to apply for a given school. Through a primary data research with n=788 respondents which are currently enrolled in VET across eight schools in Kosovo, the study has identified a critical importance of the word-of-mouth through family & relatives and friends on generating awareness for a given school and to share information on the school offering. As critical elements to take the decision to apply for the school has been considered the applicants visit directly to the school to get informed more on the offering and the desire to get equipped with the given qualification the school offers. It is important to note the impact that parents have across all the levels from brand awareness development to information search and decision making. The study provides pragmatic recommendations to school management on better optimizing their marketing efforts from a communication channel perspective, such as the importance of the open-days events of school and the usage of the social media channels (especially Facebook) to communicate their offering.
本研究旨在了解学生了解学校的渠道,他们用来搜索学校信息的渠道,以及促使他们申请某所学校的关键因素。通过对科索沃8所学校的n=788名目前在VET注册的受访者进行的初步数据研究,该研究确定了通过家人、亲戚和朋友的口口相传对提高对特定学校的认识和分享学校提供的信息至关重要。作为决定申请学校的关键因素,申请人直接访问学校,以了解更多关于学校提供的信息,并希望获得学校提供的特定资格。重要的是要注意到父母对从品牌意识发展到信息搜索和决策制定的所有层面的影响。该研究为学校管理层提供了从沟通渠道角度更好地优化营销工作的实用建议,例如学校开放日活动的重要性以及使用社交媒体渠道(尤其是Facebook)来沟通他们的产品。
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引用次数: 0
Resistance to change during uncertainty-perspective of covid-19: An empirical investigation into resistance management in the healthcare organizations 新冠肺炎不确定性期间的变化阻力——医疗机构阻力管理的实证研究
Q4 Social Sciences Pub Date : 2021-12-02 DOI: 10.54609/reaser.v22i2.79
A. Ahmad, D. Chowdhury
Resistance to change is widely recognized as the main reason forfailure whenit comes to any kind of change initiative. Despite its importance, there is still rather limited knowledge concerning the factors that trigger this behaviorinthe workplace. The primary purpose of this research study is to uncover the reason behind the resistance to change during uncertainty (perspective of covid-19). A mixed methodologyapproach was used in this research study to identify the factors that facilitate resistance management in healthcare organizations in Bangladesh. Data collection was semi-structured interviews with purposive sampling to select respondents which included top executives, human resource managers, CEOs,and line managers. To create themes and sub-themes computer software NVIVO has been used and 10 total interviews were recorded by the software. Clustered probability sampling method has been carried out for the questionnaire survey and analyzedthe data with computer software SPSS. The results show that effective communication reduces the intensity of resistance in healthcare organizations.The study also revealed that resistance to change often helps to explore alternative perspectives
人们普遍认为,抵制变革是任何变革举措失败的主要原因。尽管它很重要,但关于在工作场所引发这种行为的因素,人们的知识仍然相当有限。本研究的主要目的是揭示在不确定性期间对变化的抵抗背后的原因(新冠肺炎的观点)。本研究采用混合方法来确定促进孟加拉国医疗机构耐药性管理的因素。数据收集是半结构化访谈,有目的地抽样选择受访者,其中包括高管、人力资源经理、首席执行官和直线经理。为了创建主题和子主题,使用了NVIVO计算机软件,该软件总共记录了10次采访。采用整群概率抽样方法进行问卷调查,并用SPSS软件对数据进行分析。结果表明,有效的沟通可以降低医疗机构的抵抗强度。研究还表明,抵制变革往往有助于探索其他视角
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引用次数: 3
Financial Inclusion and Crowdfunding- A study of European Countries 金融普惠与众筹——欧洲国家研究
Q4 Social Sciences Pub Date : 2021-12-02 DOI: 10.54609/reaser.v22i2.104
H. Baber
Financial Inclusion appears to be a means of achieving the millennium development goals (MDGs) w h ic h can exterminate poverty and help populaces to come out of the trap known as “poverty trap”. Crowdfunding, on the otherhand, helps people find investors or contributors for their business or cause. They are usually people who do no t have access to the formal financial market or do not want to borrow money athighinterest rates. The study was aime d to review the position of European countries in terms of financial inclusion and Fintechfrom the Findex data 2017 from the World Bank.The crowdfunding data was gathered from the website of the European Crowdfunding Network whi c h helps to propagate the idea of crowdfunding in European countries. The study found that most countries in Europe have a high number of populationsinclusive in the formal financial system and thus can access various fi nanc ia l se rv i ce s offered by these institutions. Also, crowdfunding has seen a sharp increase in the amount of money raisedand proj ec t s funded in the last few years which was possible through the penetration of Fintechservices in these countries. The study will be helpful for the companies which want to launch their crowdfunding platforms and also for the people who like to project their business on these platforms.
普惠金融似乎是实现千年发展目标的一种手段,它可以消除贫困,帮助人们走出“贫困陷阱”。另一方面,众筹帮助人们为他们的业务或事业找到投资者或贡献者。他们通常是那些无法进入正规金融市场或不想以高利率借钱的人。该研究旨在根据世界银行2017年金融包容性指数数据,评估欧洲国家在金融包容性和金融科技方面的地位。众筹数据收集自欧洲众筹网络网站,该网站有助于在欧洲国家传播众筹理念。研究发现,欧洲大多数国家都有大量的人口加入了正式的金融体系,因此可以通过这些机构提供的各种金融服务获得各种金融服务。此外,众筹在过去几年中筹集的资金和资助的项目数量急剧增加,这可能是通过金融科技服务在这些国家的渗透。这项研究将有助于那些想要推出众筹平台的公司,也有助于那些喜欢在这些平台上开展业务的人。
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引用次数: 1
Fine Moving Value in Behavioral Anomalies to Minimize Poverty in Disadvantaged Areas 行为异常的精细移动价值,以减少贫困地区的贫困
Q4 Social Sciences Pub Date : 2021-12-02 DOI: 10.54609/reaser.v22i2.112
Taufik Hidayat, A. Galushasti, B. Kurniawan, Retno Sari Mahanani
Indonesia isa wealthycountry with resources,be theyhuman resources or naturalresources. However,even ifIndonesia is a resource-rich country,itcontinues to work to solve the problem of poverty.Unfortunately, there is no strategic solution that can alleviate poverty.Deprivationtriggersa behavioral anomaly in society,especially in disadvantaged areas. This research aims to determine the effect of community behavior on poverty alleviation in underprivileged areas.The study is based on a subtle value-moving approach to behavioral irregularities of people in disadvantaged areas.This study is included inaquantitative research with regional populations in Indonesia designated as lagging regions in 2020-2021. The sample of respondents included110 people from areas/provinces designated as lagging areas. Research instruments use data collection in the form of observations and in-depth interviews. Four hypotheses were developedto explain the influence between causal relationships through hypothesis testing and analyzed usingStructural Equation Modeling with the help of LISREL 8.8 software. The analysis results ofthis study showed that through a smooth-moving value approach,there was a significant favorable influence of behavioral anomalies onthe poverty rate. The study concluded that this movement of subtle values could be an attempt to raise awareness and change in the emergence of behavioral anomalies of people in disadvantaged areas.This study contributes to the understanding that the value of smooth-moving behavior can be an attempt to improve the emergence of societal behavioral anomalies. This ingenious solution can strengthen values, attitudes, mental and moral systems to reduce poverty in disadvantaged areas.
印尼是一个资源丰富的国家,无论是人力资源还是自然资源。然而,即使印度尼西亚是一个资源丰富的国家,它仍在努力解决贫困问题。不幸的是,没有能够减轻贫困的战略解决方案。剥夺引发社会行为异常,尤其是在贫困地区。本研究旨在确定社区行为对贫困地区扶贫的影响。这项研究是基于一种微妙的价值观转移方法来解决贫困地区人们的行为异常。这项研究包含在2020-2021年印度尼西亚被指定为滞后地区的地区人口的定量研究中。调查对象包括110名来自被指定为落后地区的地区/省份的人。研究工具采用观察和深入访谈的形式收集数据。通过假设检验,提出了四个假设来解释因果关系之间的影响,并在LISREL 8.8软件的帮助下使用结构方程建模进行了分析。本研究的分析结果表明,通过平滑移动的价值方法,行为异常对贫困率有显著的有利影响。该研究得出结论,这种微妙价值观的运动可能是为了提高弱势地区人们对行为异常现象的认识和改变。这项研究有助于理解平稳行为的价值可以尝试改善社会行为异常的出现。这种巧妙的解决方案可以加强价值观、态度、心理和道德体系,以减少贫困地区的贫困。
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引用次数: 4
Economic Security in Post-Soviet Countries: Level of Ensuring and Development Trends 后苏联国家的经济安全:保障水平与发展趋势
Q4 Social Sciences Pub Date : 2021-12-02 DOI: 10.54609/reaser.v22i2.109
G. Kozachenko, I. Andrushchenko, Yuriy Pogorelov, L. Gerasymenko, Y. Romanovska
At the national level of economic security studies, a special place has alway s b e lon ged t o t he estimating side of the issue. Estimations of state economic security serve as input data for the determinat ion of directions and ways of further security provision. At the same time, such estimations should be considered not only as a result of a certain methodology application in a certain co un try b ut a lso i n t h e c o nte xt o f comparing the economic security estimations across a set of countries. The aim of the article is to determin e the level of ensuring economic security in post-Soviet countries and recognize patterns, ri sk s, a n d t h rea ts that affect the future development of state economic security. For comparative analysis of economic security, Ukraine, Azerbaijan, Kazakhstan, Moldova, Georgia, and period 2016-2020 have been selected. The methodological basis of the study included the followingmethods: comparative economic studies, methods of summation, arithmetic mean, weighted arithmetic, geometric mean, rating; international index systems we re used as a basis for comparative analysis. Using the suggested methodology of estimation allowed obta ini ng results that characterize level real economic security, is lower than average. None of the analyzed countri es has managed to maintain an acceptable level of economic security. The determined levels allow u s t o st a te that the economic systems of the analyzed post-Soviet countries demonstrat e h i gh p erc ep ti ve ne ss t o t h e actualization of various threats. And this perceptiveness, in its turn, leads to various negative changes in t h e economic systems of these countries. The high perceptiveness of the economic systems in the analyze d p o st-Soviet countries to the actualization of various threats can be explained by the c h an gin g q u ali ty o f t he ir economic potential, low levels of their innovativeness, and also the lack of proper condi ti ons t o a p ply t h e innovations
在国家层面的经济安全研究中,长期以来一直有一个特殊的地方,即问题的估计方面。对国家经济安全的估计是确定进一步提供安全的方向和方式的输入数据。同时,这种估计不仅应被认为是在某一国家采用某种方法的结果,而且也应被认为是在比较一组国家之间的经济安全估计的结果。本文的目的是确定后苏联国家确保经济安全的水平,并认识到影响国家经济安全未来发展的模式、风险和因素。为了对经济安全进行比较分析,我们选择了乌克兰、阿塞拜疆、哈萨克斯坦、摩尔多瓦、格鲁吉亚,时间为2016-2020年。本研究的方法论基础包括:比较经济学研究方法、求和法、算术均数法、加权算法、几何均数法、评级法;我们使用国际指标体系作为比较分析的基础。使用建议的估计方法,可以获得表征实际经济安全水平的结果,低于平均水平。所分析的国家中没有一个设法维持可接受的经济安全水平。所确定的水平使我们能够看到,所分析的后苏联国家的经济制度表明,在实现各种威胁的过程中,经济增长的速度是非常高的。而这种洞察力反过来又导致了这些国家经济体系的各种负面变化。所分析的前苏联国家的经济制度对各种威胁的实现具有高度的感知能力,其原因可以解释为经济潜力不充分,创新水平低,缺乏适当的条件来实施创新
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引用次数: 0
期刊
Review of Applied Socio-Economic Research
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