Pub Date : 2023-06-30DOI: 10.5709/ce.1897-9254.507
Jun Zhang, Valeska V. Geldres-Weiss, Jorge Heredia
The objective of this research is to analyze the trade prospect of Latin America countries’ exporting agricultural products to China combining the dimensions of competitiveness and trade potential, and using the Boston Matrix. Based on the agricultural product trade data from 2000 to 2019, three categories are analyzed based on Harmonized System: animal, plant, and food processing product. The results show there are 4 LA countries in the zone of bright prospect trading agricultural products with China, which are Mexico, Brazil, Uruguay and Argentina. And 16 countries in the zone of promising prospect, 6 countries in the zone of bottleneck prospect, 5 countries in the zone of dark prospect. From the perspective of the category of agricultural products, plant agricultural product is the category in which there are the most countries with bright prospect. From the perspective of trading region, South America is the area in which countries with bright prospect concentrate. Countries with dark prospect mainly concentrate in Central America and South America. Countries with bottleneck prospect evenly distribute in different regions. Countries with promising prospect mainly concentrate in the West Indies. To promote Sino-LA agricultural trade, trade categories should be expanded and trade potential should be improved. Plans could be made for cooperation according to local conditions. LA should improve the quality control of exported agricultural products. China and LA should promote regional integration and strengthen technology cooperation in agricultural industry.
{"title":"Latin America's Export Trade Prospect of Agricultural Products to China","authors":"Jun Zhang, Valeska V. Geldres-Weiss, Jorge Heredia","doi":"10.5709/ce.1897-9254.507","DOIUrl":"https://doi.org/10.5709/ce.1897-9254.507","url":null,"abstract":"The objective of this research is to analyze the trade prospect of Latin America countries’ exporting agricultural products to China combining the dimensions of competitiveness and trade potential, and using the Boston Matrix. Based on the agricultural product trade data from 2000 to 2019, three categories are analyzed based on Harmonized System: animal, plant, and food processing product. The results show there are 4 LA countries in the zone of bright prospect trading agricultural products with China, which are Mexico, Brazil, Uruguay and Argentina. And 16 countries in the zone of promising prospect, 6 countries in the zone of bottleneck prospect, 5 countries in the zone of dark prospect. From the perspective of the category of agricultural products, plant agricultural product is the category in which there are the most countries with bright prospect. From the perspective of trading region, South America is the area in which countries with bright prospect concentrate. Countries with dark prospect mainly concentrate in Central America and South America. Countries with bottleneck prospect evenly distribute in different regions. Countries with promising prospect mainly concentrate in the West Indies. To promote Sino-LA agricultural trade, trade categories should be expanded and trade potential should be improved. Plans could be made for cooperation according to local conditions. LA should improve the quality control of exported agricultural products. China and LA should promote regional integration and strengthen technology cooperation in agricultural industry.","PeriodicalId":44824,"journal":{"name":"Contemporary Economics","volume":"21 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83517476","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-30DOI: 10.5709/ce.1897-9254.508
Soumya Sasidharan, V. Ranjith, Sunitha Prabhuram
The researchers aim to examine the firm-specific variables that impact the financial performance of general insurance firms in India. The study’s scope is limited to India’s insurance industries from 2010-2011 to 2019-2020. The research considers 21 insurance firms in India out of 35 general insurers. We obtain statistical data from the financial statements of insurance companies. The research used correlation analysis and panel data regression to evaluate financial performance and its impacts. Panel data techniques were employed in the analysis to study the impact of eleven micro factors on the monetary performance of general insurers in India. The influence of micro (internal) variables such as capital adequacy ratio, firm size, age of the firm, retention, liquidity, loss ratio, investment ratio, reinsurance dependence, financial leverage, tangibility, and premium growth rate on the financial performance has been determined using econometric findings in this research. The fixed-effect model results reveal that firm’s age, loss ratio, size, premium growth, and retention ratio are vital in affecting the financial performance of Indian general insurance firms. On the other hand, liquidity and financial leverage are insignificant in determining the financial performance of general insurance firms in India.
{"title":"Determinants of Factors Affecting the Financial Performance of Indian General Insurance Firm: Panel Data Evidence","authors":"Soumya Sasidharan, V. Ranjith, Sunitha Prabhuram","doi":"10.5709/ce.1897-9254.508","DOIUrl":"https://doi.org/10.5709/ce.1897-9254.508","url":null,"abstract":"The researchers aim to examine the firm-specific variables that impact the financial performance of general insurance firms in India. The study’s scope is limited to India’s insurance industries from 2010-2011 to 2019-2020. The research considers 21 insurance firms in India out of 35 general insurers. We obtain statistical data from the financial statements of insurance companies. The research used correlation analysis and panel data regression to evaluate financial performance and its impacts. Panel data techniques were employed in the analysis to study the impact of eleven micro factors on the monetary performance of general insurers in India. The influence of micro (internal) variables such as capital adequacy ratio, firm size, age of the firm, retention, liquidity, loss ratio, investment ratio, reinsurance dependence, financial leverage, tangibility, and premium growth rate on the financial performance has been determined using econometric findings in this research. The fixed-effect model results reveal that firm’s age, loss ratio, size, premium growth, and retention ratio are vital in affecting the financial performance of Indian general insurance firms. On the other hand, liquidity and financial leverage are insignificant in determining the financial performance of general insurance firms in India.","PeriodicalId":44824,"journal":{"name":"Contemporary Economics","volume":"77 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80552425","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-30DOI: 10.5709/ce.1897-9254.504
Michał Bernardelli, Zbigniew Korzeb, Paweł Niedziółka, Krzysztof Waliszewski
The outbreak of war in Ukraine raises questions about its impact on the economies and financial systems of countries directly and indirectly involved in the war, but also on the economies of non-participating countries. The article aims to identify the channels through which the war in Ukraine has affected commercial banking in Poland. The original contribution of this paper to the literature dedicated to the impact of the outbreak of war on financial sector consists in the identification of channels of direct and indirect effects of war on commercial bank performance, adoption of unique empirical strategy to point out features of banks determining their sensitivity to the materialisation of geopolitical risk as well as groups of banks whose shares move along similar trajectories during the war. The conclusions emphasize that the long-term negative indirect effects of the war outweigh the short-term indirect ones. The policy implications consist in the benefits of introduction of new reporting standards for banks that focus on the exposure of their clients to the geopolitical risk, augmentation of scope of risks to be covered by regulatory capital by geopolitical risk as well as creation scenarios of stress tests that would include geopolitical risk. Facing war, the implications for commercial banks’ managers come down to the necessity to prioritize cyber risk management and implement a new paradigm of credit and market risk assessment, taking into account the impact of geopolitical factors.
{"title":"Channels for the Impact of the War in Ukraine on the Commercial Banking Sector in Poland – First Results of the Study","authors":"Michał Bernardelli, Zbigniew Korzeb, Paweł Niedziółka, Krzysztof Waliszewski","doi":"10.5709/ce.1897-9254.504","DOIUrl":"https://doi.org/10.5709/ce.1897-9254.504","url":null,"abstract":"The outbreak of war in Ukraine raises questions about its impact on the economies and financial systems of countries directly and indirectly involved in the war, but also on the economies of non-participating countries. The article aims to identify the channels through which the war in Ukraine has affected commercial banking in Poland. The original contribution of this paper to the literature dedicated to the impact of the outbreak of war on financial sector consists in the identification of channels of direct and indirect effects of war on commercial bank performance, adoption of unique empirical strategy to point out features of banks determining their sensitivity to the materialisation of geopolitical risk as well as groups of banks whose shares move along similar trajectories during the war. The conclusions emphasize that the long-term negative indirect effects of the war outweigh the short-term indirect ones. The policy implications consist in the benefits of introduction of new reporting standards for banks that focus on the exposure of their clients to the geopolitical risk, augmentation of scope of risks to be covered by regulatory capital by geopolitical risk as well as creation scenarios of stress tests that would include geopolitical risk. Facing war, the implications for commercial banks’ managers come down to the necessity to prioritize cyber risk management and implement a new paradigm of credit and market risk assessment, taking into account the impact of geopolitical factors.","PeriodicalId":44824,"journal":{"name":"Contemporary Economics","volume":"35 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78346193","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-06-30DOI: 10.5709/ce.1897-9254.503
D. Štreimikienė, Asta Mikalauskiene
The agri-food sector is the world’s largest economic sector having the biggest impact on environment. According to the Food and Agriculture Organization of the United Nations (FAO), sustainable agriculture must meet the needs of present and future generations while ensuring profitability, environmental health and social and economic equity. Therefore, agricultural systems need transition to become more sustainable. The use of renewables in agriculture allows to reduce energy costs and GHG emissions and implement cyclic economy principles. Sustainability assessment of agriculture can be done by applying various sets of indicators. The sustainability assessment of agriculture can be performed on country and micro level. The paper presents assessment of agricultural sustainability of Baltic States based on indicators framework and applies MCDA tool for ranking of Baltic States in terms of agriculture sustainability.
{"title":"Assessment of Agricultural Sustainability: Case Study of Baltic States","authors":"D. Štreimikienė, Asta Mikalauskiene","doi":"10.5709/ce.1897-9254.503","DOIUrl":"https://doi.org/10.5709/ce.1897-9254.503","url":null,"abstract":"The agri-food sector is the world’s largest economic sector having the biggest impact on environment. According to the Food and Agriculture Organization of the United Nations (FAO), sustainable agriculture must meet the needs of present and future generations while ensuring profitability, environmental health and social and economic equity. Therefore, agricultural systems need transition to become more sustainable. The use of renewables in agriculture allows to reduce energy costs and GHG emissions and implement cyclic economy principles. Sustainability assessment of agriculture can be done by applying various sets of indicators. The sustainability assessment of agriculture can be performed on country and micro level. The paper presents assessment of agricultural sustainability of Baltic States based on indicators framework and applies MCDA tool for ranking of Baltic States in terms of agriculture sustainability.","PeriodicalId":44824,"journal":{"name":"Contemporary Economics","volume":"45 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89929570","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-31DOI: 10.5709/ce.1897-9254.495
D. Štreimikienė
Sustainable energy consumption in household is linked to energy saving and the use of renewable energy sources. These are also the main measures of GHG emission reduction linked to energy consumption. There is a huge GHG emission reduction potential linked to energy consumption in households as climate change mitigation policies and measures aiming at sustainable energy consumption are mainly targeting energy supply sector. Climate change mitigation policies in households linked to promote of energy savings and use of renewable energy sources were not able to overcome behavioural barriers of sustainable energy consumption in households, as they were targeting economic barriers mainly. Therefore, new policies and measures targeting behavioural barriers of sustainable energy consumption inn households are necessary. The paper analyses behavioural barriers of sustainable energy consumption in households and provides analysis of policies and measures set to overcome behavioural barriers of sustainable energy consumption. The analysis of advantages and disadvantages of nudges is provided policy recommendations were developed based on analysis conducted.
{"title":"Use of Nudges for Promotion of Sustainable Energy Consumption in Households","authors":"D. Štreimikienė","doi":"10.5709/ce.1897-9254.495","DOIUrl":"https://doi.org/10.5709/ce.1897-9254.495","url":null,"abstract":"Sustainable energy consumption in household is linked to energy saving and the use of renewable energy sources. These are also the main measures of GHG emission reduction linked to energy consumption. There is a huge GHG emission reduction potential linked to energy consumption in households as climate change mitigation policies and measures aiming at sustainable energy consumption are mainly targeting energy supply sector. Climate change mitigation policies in households linked to promote of energy savings and use of renewable energy sources were not able to overcome behavioural barriers of sustainable energy consumption in households, as they were targeting economic barriers mainly. Therefore, new policies and measures targeting behavioural barriers of sustainable energy consumption inn households are necessary. The paper analyses behavioural barriers of sustainable energy consumption in households and provides analysis of policies and measures set to overcome behavioural barriers of sustainable energy consumption. The analysis of advantages and disadvantages of nudges is provided policy recommendations were developed based on analysis conducted.","PeriodicalId":44824,"journal":{"name":"Contemporary Economics","volume":"25 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90737732","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-31DOI: 10.5709/ce.1897-9254.501
Since the start of the Industrial Revolution, the global climate has changed dramatically. Concentrations of greenhouse gases (GHGs) in the atmosphere have increased sharply, followed by an increase in global average temperatures. However, business activities related to environmental protection are mostly focused on the implementation of legal rules instead of voluntary initiatives such as green innovation due to doubts about costs and profit. The goal of this research is to identify the impact of green innovation on economic growth in an innovative environment and digitalization conditions by using sophisticated indexes and regression analysis. The results show that green innovations have a positive impact on economic growth in the European Union (EU). However, the impact of digitalization on economic growth is still under discussion and depends on qualitative aspects of coverage and how they are reflected in digitalization indicators. It is important to emphasize that the data of this empirical study only cover EU countries that are subject to EU regulation and have similar trends in the development and diffusion of green innovations. Non-EU countries may have different approaches and policies influencing the maturity and diffusion of green innovations. The results of this research provide a scientific basis for strategic planning at the national and business levels, encouraging a focus on the development of green innovation not only as a means of reducing the impact of climate change but also as a strategic direction for increasing competitiveness and economic growth.
{"title":"Green Innovation for Competitiveness: Impact on GDP Growth in the European Union","authors":"","doi":"10.5709/ce.1897-9254.501","DOIUrl":"https://doi.org/10.5709/ce.1897-9254.501","url":null,"abstract":"Since the start of the Industrial Revolution, the global climate has changed dramatically. Concentrations of greenhouse gases (GHGs) in the atmosphere have increased sharply, followed by an increase in global average temperatures. However, business activities related to environmental protection are mostly focused on the implementation of legal rules instead of voluntary initiatives such as green innovation due to doubts about costs and profit. The goal of this research is to identify the impact of green innovation on economic growth in an innovative environment and digitalization conditions by using sophisticated indexes and regression analysis. The results show that green innovations have a positive impact on economic growth in the European Union (EU). However, the impact of digitalization on economic growth is still under discussion and depends on qualitative aspects of coverage and how they are reflected in digitalization indicators. It is important to emphasize that the data of this empirical study only cover EU countries that are subject to EU regulation and have similar trends in the development and diffusion of green innovations. Non-EU countries may have different approaches and policies influencing the maturity and diffusion of green innovations. The results of this research provide a scientific basis for strategic planning at the national and business levels, encouraging a focus on the development of green innovation not only as a means of reducing the impact of climate change but also as a strategic direction for increasing competitiveness and economic growth.","PeriodicalId":44824,"journal":{"name":"Contemporary Economics","volume":"21 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87335569","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-31DOI: 10.5709/ce.1897-9254.497
M. Okano, Henry de Castro Lobo dos Santos, E. Ursini, M. Fernandes, Jaqueline Geisa Cunha Gomes
New information and communication technologies (ICTs) are contributing to the advancement and popularization of distance learning, and its use by educational institutions is accelerating. Some characteristics of distance learning are remarkable, such as its quantity, scalability, ability to serve many students at the same time, scope, lower costs, and so on. Some of these characteristics refer to a type of innovation called frugal, which is the ability to "do better with fewer resources for more people", that is, create significantly more value and minimize the use of resources. The objective of this research was to analyze the characteristics of distance learning through the theoretical lens of frugal innovation using the conceptual model of frugal innovation. The characteristics listed in the Rossetto model were researched qualitatively and quantitatively to obtain a solid conclusion, as this model uses a scale to identify and measure frugal innovation. The Rossetto model was developed and tested using the results of five collections of data from three different countries (Brazil, the United States of America, and India), with the entire development and refinement processes being subjected to an exploratory factor analysis (EFA) and a confirmatory factor analysis (CFA). The final validation of the scale was based on data from 1130 companies. The mixed (qualitative and quantitative) methodological procedures were used to analyze the data obtained from the field research. The qualitative analysis consisted of verifying the characteristics of frugal innovation through Rossetto's conceptual model, and exploratory factor analysis was chosen for the quantitative analysis. Ten of the characteristics of the model sought, analyzed in three dimensions, identified, and strongly indicated that ODL can be considered as a frugal innovation, convincing and confirming that ODL has as main characteristics of the FI such as cost reduction, focus on essential functionalities and improved performance in relation to face-to-face teaching and thus, highlighting that the main value created is to do better with fewer resources than traditional teaching for a greater number of students served.
{"title":"Open and Distance Learning (ODL) : Traditional or Frugal Innovation?","authors":"M. Okano, Henry de Castro Lobo dos Santos, E. Ursini, M. Fernandes, Jaqueline Geisa Cunha Gomes","doi":"10.5709/ce.1897-9254.497","DOIUrl":"https://doi.org/10.5709/ce.1897-9254.497","url":null,"abstract":"New information and communication technologies (ICTs) are contributing to the advancement and popularization of distance learning, and its use by educational institutions is accelerating. Some characteristics of distance learning are remarkable, such as its quantity, scalability, ability to serve many students at the same time, scope, lower costs, and so on. Some of these characteristics refer to a type of innovation called frugal, which is the ability to \"do better with fewer resources for more people\", that is, create significantly more value and minimize the use of resources. The objective of this research was to analyze the characteristics of distance learning through the theoretical lens of frugal innovation using the conceptual model of frugal innovation. The characteristics listed in the Rossetto model were researched qualitatively and quantitatively to obtain a solid conclusion, as this model uses a scale to identify and measure frugal innovation. The Rossetto model was developed and tested using the results of five collections of data from three different countries (Brazil, the United States of America, and India), with the entire development and refinement processes being subjected to an exploratory factor analysis (EFA) and a confirmatory factor analysis (CFA). The final validation of the scale was based on data from 1130 companies. The mixed (qualitative and quantitative) methodological procedures were used to analyze the data obtained from the field research. The qualitative analysis consisted of verifying the characteristics of frugal innovation through Rossetto's conceptual model, and exploratory factor analysis was chosen for the quantitative analysis. Ten of the characteristics of the model sought, analyzed in three dimensions, identified, and strongly indicated that ODL can be considered as a frugal innovation, convincing and confirming that ODL has as main characteristics of the FI such as cost reduction, focus on essential functionalities and improved performance in relation to face-to-face teaching and thus, highlighting that the main value created is to do better with fewer resources than traditional teaching for a greater number of students served.","PeriodicalId":44824,"journal":{"name":"Contemporary Economics","volume":"54 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84738520","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-31DOI: 10.5709/ce.1897-9254.498
D. Sulistiawan, Y. Feliana, F. A. Rudiawarni, A. Grigorescu
This paper aims to investigate market participants' reactions to sequential information, presenting firm-specific news and market-wide information. Experimental study takes place in the COVID-19 pandemic era, as market-wide information representation. We also provide firm-specific information in the form of company fundamental information. The results show that participants, as representatives of retail investors, do not overreact to COVID-19. The recency effect dominates their decision-making. Neither firm-specific information nor market-wide information can eliminate the recency effect in decision making. Investors still provide valuations based on the latest information they receive. Another interesting finding in this study is that positive framing of information cannot mitigate the effects of bad news contained therein. Our findings contribute to the study of behavioral finance and corporate disclosure strategies. From the market participants' point of view, our results describe that investors' decisions are often not based on the information content but the latest information they received. From the company perspective, this research also contributes to the corporate disclosure strategy valued by investors based on how they disclose information to the public.
{"title":"Do Investors Overreact to COVID-19 Outbreak? An Experimental Study Using Sequential Disclosures","authors":"D. Sulistiawan, Y. Feliana, F. A. Rudiawarni, A. Grigorescu","doi":"10.5709/ce.1897-9254.498","DOIUrl":"https://doi.org/10.5709/ce.1897-9254.498","url":null,"abstract":"This paper aims to investigate market participants' reactions to sequential information, presenting firm-specific news and market-wide information. Experimental study takes place in the COVID-19 pandemic era, as market-wide information representation. We also provide firm-specific information in the form of company fundamental information. The results show that participants, as representatives of retail investors, do not overreact to COVID-19. The recency effect dominates their decision-making. Neither firm-specific information nor market-wide information can eliminate the recency effect in decision making. Investors still provide valuations based on the latest information they receive. Another interesting finding in this study is that positive framing of information cannot mitigate the effects of bad news contained therein. Our findings contribute to the study of behavioral finance and corporate disclosure strategies. From the market participants' point of view, our results describe that investors' decisions are often not based on the information content but the latest information they received. From the company perspective, this research also contributes to the corporate disclosure strategy valued by investors based on how they disclose information to the public.","PeriodicalId":44824,"journal":{"name":"Contemporary Economics","volume":"52 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74538406","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-31DOI: 10.5709/ce.1897-9254.499
Evi Thelia Sari, Vitalli Gryga
The purpose of this study is to describe and examine the development of SMEs in Ukraine and Indonesia based on productivity factors of SMEs development measured SMEs contribution to the country’s GDP. The study is based on data from 2000 to 2014, on number of SMEs, contribution of SMEs to GDP, labor in SMEs sectors, exports and import contributions to GDP of each country. Under complex data with uncertainty, Fuzzy Inference System (FIS) was applied to modelling process in estimating the differences between SMEs development in Ukraine and Indonesia. FIS models show the needs to improve policies on SMEs in each country of this study. We found that SMEs intensity development in Ukraine needs more SMEs to increase contribution to GDP and stipulate economic growth. While in Indonesia, growth in quantities of either labors or numbers of SMEs can be problematic, so it should focus on labors quality. Trade openness e.g., ratio export and import to GDP, shows that while Ukraine’s SMEs contribution to GDP is lower, the ratio of Export and Import to GDP is increasing. Whereas Indonesia’s ratio of export and import to GDP increases along with the SMEs contribution to GDP. The policies to increase the intensity development of SMEs in both countries should focus on increasing the quality of labors hired in SMEs, increasing the numbers of SMEs, reviewing and selecting the commodities that are prioritized to export and import in enhancing the ratio of export and import to GDP.
{"title":"Comparative Analysis of SMEs Intensity in Ukraine and Indonesia Using FIS Approach","authors":"Evi Thelia Sari, Vitalli Gryga","doi":"10.5709/ce.1897-9254.499","DOIUrl":"https://doi.org/10.5709/ce.1897-9254.499","url":null,"abstract":"The purpose of this study is to describe and examine the development of SMEs in Ukraine and Indonesia based on productivity factors of SMEs development measured SMEs contribution to the country’s GDP. The study is based on data from 2000 to 2014, on number of SMEs, contribution of SMEs to GDP, labor in SMEs sectors, exports and import contributions to GDP of each country. Under complex data with uncertainty, Fuzzy Inference System (FIS) was applied to modelling process in estimating the differences between SMEs development in Ukraine and Indonesia. FIS models show the needs to improve policies on SMEs in each country of this study. We found that SMEs intensity development in Ukraine needs more SMEs to increase contribution to GDP and stipulate economic growth. While in Indonesia, growth in quantities of either labors or numbers of SMEs can be problematic, so it should focus on labors quality. Trade openness e.g., ratio export and import to GDP, shows that while Ukraine’s SMEs contribution to GDP is lower, the ratio of Export and Import to GDP is increasing. Whereas Indonesia’s ratio of export and import to GDP increases along with the SMEs contribution to GDP. The policies to increase the intensity development of SMEs in both countries should focus on increasing the quality of labors hired in SMEs, increasing the numbers of SMEs, reviewing and selecting the commodities that are prioritized to export and import in enhancing the ratio of export and import to GDP.","PeriodicalId":44824,"journal":{"name":"Contemporary Economics","volume":"1 1","pages":""},"PeriodicalIF":2.1,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79923359","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-31DOI: 10.5709/ce.1897-9254.500
Mariano Méndez-Suárez, Ignacio Danvila-del-Valle
Our article is among the first to model the reactions of customers to the digital transformation of European banks in a scenario of declining interest margins. Motivated by the hypothesis that customers’ feelings, perceptions and negative reactions towards digital transformation are channeled through the spread of negative word-of-mouth (NWOM) in a way analogous to the spread of a disease epidemic, we propose and analyze a compartmentalized mathematical model using data from a medium-sized Spanish commercial bank. To understand the NWOM phenomenon with an epidemiological approach we consider some realistic interactions in a social network and we formulate a novel application of the susceptible-exposed-infected-recovered-mortality (SEIRM) model. The results indicate that a better understanding of consumers’ negative reactions and their correct monitoring can help banks improve profitability when facing a digital transformation process. In summary, the research warns commercial bank managers about the need to carefully assess the effects of changes brought about by digital transformation and the development fee management strategies based on the behavior of customer groups, as well as the deployment of new churn risk management methods to deal with the most disengaged customers.
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