The sustainable development of society depends, on the one hand, on the development of innovative technologies, on the other hand, on the positive and negative effects of this development. Social acceptance of new technological solutions seems to be also a key factor. One of the future technologies is 5G, which will undoubtedly have an unprecedented impact on socio-economic development. The scientific discussion on the risks caused by electromagnetic radiation in the context of a new wireless communication technology – the fifth generation (5G) standard – is going on around the world. The scientific aim of the study is to analyze the factors determining the social attitude of Poles towards 5G technology. Among the factors included are: general society attitudes of technology, the scale of actual Internet use, demographic characteristics and pro-health society attitudes. Data was collected using the CATI technique. The interviews were carried out among 1005 Polish citizens. The obtained results confirmed statistically significant relationships between the variables: attitudes towards technology (ATT) and attitudes towards 5G technology (ATT5G). Research has confirmed that people who use the Internet more frequently have more positive attitudes towards 5G technology. New knowledge regarding public attitudes toward 5G technology has been accumulated through research
{"title":"THE SOCIETY’S ATTITUDE TOWARD 5G TECHNOLOGIES – A CASE STUDY OF POLAND","authors":"Joanna Ejdys, Urszula Soler","doi":"10.3846/tede.2023.20157","DOIUrl":"https://doi.org/10.3846/tede.2023.20157","url":null,"abstract":"The sustainable development of society depends, on the one hand, on the development of innovative technologies, on the other hand, on the positive and negative effects of this development. Social acceptance of new technological solutions seems to be also a key factor. One of the future technologies is 5G, which will undoubtedly have an unprecedented impact on socio-economic development. The scientific discussion on the risks caused by electromagnetic radiation in the context of a new wireless communication technology – the fifth generation (5G) standard – is going on around the world. The scientific aim of the study is to analyze the factors determining the social attitude of Poles towards 5G technology. Among the factors included are: general society attitudes of technology, the scale of actual Internet use, demographic characteristics and pro-health society attitudes. Data was collected using the CATI technique. The interviews were carried out among 1005 Polish citizens. The obtained results confirmed statistically significant relationships between the variables: attitudes towards technology (ATT) and attitudes towards 5G technology (ATT5G). Research has confirmed that people who use the Internet more frequently have more positive attitudes towards 5G technology. New knowledge regarding public attitudes toward 5G technology has been accumulated through research","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"105 S6","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135540207","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Tourism exerts a great effect on the modern economy and relies largely on the flow of people facilitated by high-quality transportation infrastructure. Applying a spatial econometric method, this paper investigates the effect of high-speed rail (HSR) on tourism expansion in China from the view of the spatial spillover effect. Based on a 276 Chinese cities’ panel dataset over 2005–2019, a positive role of HSR in tourism expansion is observed. Compared with cities unconnected to the HSR network, cities accessible by HSR experienced a 22% increase in tourism revenue and a 38% rise in tourist arrivals. In addition, the connection of a city to the HSR network also exerts a great spatial spillover role in the increase of tourism revenue and arrivals in peripheral cities which are not directly connected by HSR. The research findings offer important insights on the relationship between transportation infrastructure and tourism with significant policy implications regarding tourism development.
{"title":"HIGH-SPEED RAIL AND TOURISM EXPANSION IN CHINA: A SPATIAL SPILLOVER EFFECT PERSPECTIVE","authors":"Fan Zhang, Feng Wang, Shujie Yao, Fanjie Fu","doi":"10.3846/tede.2023.19813","DOIUrl":"https://doi.org/10.3846/tede.2023.19813","url":null,"abstract":"Tourism exerts a great effect on the modern economy and relies largely on the flow of people facilitated by high-quality transportation infrastructure. Applying a spatial econometric method, this paper investigates the effect of high-speed rail (HSR) on tourism expansion in China from the view of the spatial spillover effect. Based on a 276 Chinese cities’ panel dataset over 2005–2019, a positive role of HSR in tourism expansion is observed. Compared with cities unconnected to the HSR network, cities accessible by HSR experienced a 22% increase in tourism revenue and a 38% rise in tourist arrivals. In addition, the connection of a city to the HSR network also exerts a great spatial spillover role in the increase of tourism revenue and arrivals in peripheral cities which are not directly connected by HSR. The research findings offer important insights on the relationship between transportation infrastructure and tourism with significant policy implications regarding tourism development.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"346 1‐2","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135635895","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The continuous growth in life expectancy, besides to the difficult economic and financial situation of the public pension system in Spain, makes reverse mortgages an attractive solution for providing additional income to retirees. However, despite being almost 20 years old, the Spanish market remains immature. Consequently, providers face significant risks, due to factors such as interest rates, housing prices, and longevity. Numerous tourists visit Spain, and many retire there, obtaining legal residence. Therefore, lenders could be interested in marketing reverse mortgages to foreign residents. Nevertheless, the longevity risk faced by these lenders may differ depending on the nationality of the borrower, and profits and losses could vary. Consequently, we propose a methodology for comparing the pricing of reverse mortgages in Spain by considering differences in longevity risk. Specifically, we calculate the amount offered by three types of reverse mortgages to customers of different nationalities, genders, and ages with contracts made in Spain. Our conclusions are pertinent to Spanish lenders since the results indicate that, in general, a Spanish lender would assume a slightly larger risk when lending reverse mortgages to borrowers of the selected nationalities, regardless of other considerations, such as legal issues, which are not addressed in this article.
{"title":"VALUATION OF REVERSE MORTGAGES IN THE SPANISH MARKET FOR FOREIGN RESIDENTS","authors":"David Atance, Ana Debón, Iván De La Fuente","doi":"10.3846/tede.2023.20159","DOIUrl":"https://doi.org/10.3846/tede.2023.20159","url":null,"abstract":"The continuous growth in life expectancy, besides to the difficult economic and financial situation of the public pension system in Spain, makes reverse mortgages an attractive solution for providing additional income to retirees. However, despite being almost 20 years old, the Spanish market remains immature. Consequently, providers face significant risks, due to factors such as interest rates, housing prices, and longevity. Numerous tourists visit Spain, and many retire there, obtaining legal residence. Therefore, lenders could be interested in marketing reverse mortgages to foreign residents. Nevertheless, the longevity risk faced by these lenders may differ depending on the nationality of the borrower, and profits and losses could vary. Consequently, we propose a methodology for comparing the pricing of reverse mortgages in Spain by considering differences in longevity risk. Specifically, we calculate the amount offered by three types of reverse mortgages to customers of different nationalities, genders, and ages with contracts made in Spain. Our conclusions are pertinent to Spanish lenders since the results indicate that, in general, a Spanish lender would assume a slightly larger risk when lending reverse mortgages to borrowers of the selected nationalities, regardless of other considerations, such as legal issues, which are not addressed in this article.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"2010 16","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135814159","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Is it possible for the imposition of environmental regulation to develop the textile industry? Is it possible to balance quality and efficiency with energy conservation and emission reduction and achieve the sustainable development of the textile industry? The main objective of this study is to analyze the effects of the environmental regulation on industrial agglomeration and industrial efficiency within the textile sector. The findings reveal that, first, environmental regulation has significantly facilitated the agglomeration of the textile industry to regions with less stringent environmental standards. The restructuring and optimization of domestic value chains have also been promoted. Second, environmental policies in the process of the promotion of the industrial agglomeration are accompanied by a significant improvement in industrial efficiency. This improvement has contributed to the achievement of sustainability goals in the textile domain. Third, the influence of environmental regulations on industrial agglomeration and industrial efficiency improvement of the textile industry is strongly heterogeneous in terms of ownership. This impact is more significant in state-owned industries and private industries. This study holds substantial theoretical significance and practical relevance in promoting environmentally friendly and sustainable progress in the Chinese textile industry.
{"title":"ENVIRONMENTAL REGULATION, INDUSTRIAL AGGLOMERATION, AND SUSTAINABLE DEVELOPMENT IN THE CHINESE TEXTILE INDUSTRY","authors":"Xiaoying Ju, Zhida Ma, Fei Chen, Peng Yao, Jianxu Liu, Songsak Sriboonchitta","doi":"10.3846/tede.2023.20010","DOIUrl":"https://doi.org/10.3846/tede.2023.20010","url":null,"abstract":"Is it possible for the imposition of environmental regulation to develop the textile industry? Is it possible to balance quality and efficiency with energy conservation and emission reduction and achieve the sustainable development of the textile industry? The main objective of this study is to analyze the effects of the environmental regulation on industrial agglomeration and industrial efficiency within the textile sector. The findings reveal that, first, environmental regulation has significantly facilitated the agglomeration of the textile industry to regions with less stringent environmental standards. The restructuring and optimization of domestic value chains have also been promoted. Second, environmental policies in the process of the promotion of the industrial agglomeration are accompanied by a significant improvement in industrial efficiency. This improvement has contributed to the achievement of sustainability goals in the textile domain. Third, the influence of environmental regulations on industrial agglomeration and industrial efficiency improvement of the textile industry is strongly heterogeneous in terms of ownership. This impact is more significant in state-owned industries and private industries. This study holds substantial theoretical significance and practical relevance in promoting environmentally friendly and sustainable progress in the Chinese textile industry.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135968946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Meng Qin, Chi-Wei Su, Lianhong Qiu, Oana-Ramona Lobonţ
This exploration employs the generalized supremum augmented Dickey-Fuller (GSADF) approach to explore whether there are digital tech bubbles in China. The empirical results suggest the existence of multiple digital tech bubbles, which are mostly accompanied by an excessive rise. However, the appearance of digital tech bubbles is curbed since 2016, mainly due to the increasing mature regulations in relevant fields. Besides, bubbles in different digital technologies are similar during the same period, which could be attributed to the close relationships among them. Additionally, we further investigate the factors influencing the explosive behaviours, and find that the Chinese stock market positively affects digital tech bubbles, while economic policy uncertainties and situations negatively influence such explosive behaviors. In the context of the new round of scientific and technological revolution and industrial transformation, these conclusions provide valuable implications to achieve the target of constructing a “Digital China” by becoming moderately cautious about potential bubbles in the digital tech industry.
{"title":"ARE THERE DIGITAL TECH BUBBLES IN CHINA?","authors":"Meng Qin, Chi-Wei Su, Lianhong Qiu, Oana-Ramona Lobonţ","doi":"10.3846/tede.2023.19417","DOIUrl":"https://doi.org/10.3846/tede.2023.19417","url":null,"abstract":"This exploration employs the generalized supremum augmented Dickey-Fuller (GSADF) approach to explore whether there are digital tech bubbles in China. The empirical results suggest the existence of multiple digital tech bubbles, which are mostly accompanied by an excessive rise. However, the appearance of digital tech bubbles is curbed since 2016, mainly due to the increasing mature regulations in relevant fields. Besides, bubbles in different digital technologies are similar during the same period, which could be attributed to the close relationships among them. Additionally, we further investigate the factors influencing the explosive behaviours, and find that the Chinese stock market positively affects digital tech bubbles, while economic policy uncertainties and situations negatively influence such explosive behaviors. In the context of the new round of scientific and technological revolution and industrial transformation, these conclusions provide valuable implications to achieve the target of constructing a “Digital China” by becoming moderately cautious about potential bubbles in the digital tech industry.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136211212","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Xuan Yao, Zeshui Xu, Xinxin Wang, Lina Wang, Marinko Škare
The Corona Virus Disease 2019 (COVID-19) epidemic has deferred global progress in energy efficiency to a decade-long low, posing a threat to the achievement of international climate goals, and also profoundly affected the development of economics. To gain insight into the research frontiers and hotspots in energy efficiency and COVID-19, a systematic literature review and bibliometric analysis on economic effects are performed with the help of the bibliometric tools VOSviewer and Bibliometrix. This paper selects all the publications retrieved based on the subject terms in the Web of Science core collection. Firstly, this article performs a performance analysis of related publications to present the development and distribution of energy efficiency and COVID-19 from research areas, relevant sources, and influential articles. Afterward, a visual analysis of the literature called science mapping analysis is implemented to display the structural and dynamic organization of knowledge in energy efficiency and COVID-19 research. In the end, detailed discussions of two research hotspots and some theoretical and practical implications are concluded in the systematic literature review and bibliometric analysis findings, which may contribute to further development for researchers in the field of energy efficiency and eventually propel the progress of society and economy in an all-round way.
2019冠状病毒病(COVID-19)疫情使全球能效进展降至10年来最低水平，对国际气候目标的实现构成威胁，也深刻影响了经济发展。为了深入了解能效与新冠肺炎的研究前沿和热点，本文借助文献计量工具VOSviewer和Bibliometrix对能效与新冠肺炎的经济效应进行了系统的文献综述和文献计量分析。本文选取了Web of Science核心馆藏中基于主题词检索到的所有出版物。首先，本文对相关出版物进行了绩效分析，从研究领域、相关来源和有影响力的文章中展示了能效和COVID-19的发展和分布。随后，对文献进行可视化分析，称为科学映射分析，以显示能效和COVID-19研究中知识的结构性和动态组织。最后，通过系统的文献综述和文献计量分析结果，对两个研究热点进行了详细的讨论，并总结了一些理论和实践意义，以期为能效领域的研究人员进一步发展做出贡献，最终推动社会经济的全面进步。
{"title":"ENERGY EFFICIENCY AND COVID-19: A SYSTEMATIC LITERATURE REVIEW AND BIBLIOMETRIC ANALYSIS ON ECONOMIC EFFECTS","authors":"Xuan Yao, Zeshui Xu, Xinxin Wang, Lina Wang, Marinko Škare","doi":"10.3846/tede.2023.18726","DOIUrl":"https://doi.org/10.3846/tede.2023.18726","url":null,"abstract":"The Corona Virus Disease 2019 (COVID-19) epidemic has deferred global progress in energy efficiency to a decade-long low, posing a threat to the achievement of international climate goals, and also profoundly affected the development of economics. To gain insight into the research frontiers and hotspots in energy efficiency and COVID-19, a systematic literature review and bibliometric analysis on economic effects are performed with the help of the bibliometric tools VOSviewer and Bibliometrix. This paper selects all the publications retrieved based on the subject terms in the Web of Science core collection. Firstly, this article performs a performance analysis of related publications to present the development and distribution of energy efficiency and COVID-19 from research areas, relevant sources, and influential articles. Afterward, a visual analysis of the literature called science mapping analysis is implemented to display the structural and dynamic organization of knowledge in energy efficiency and COVID-19 research. In the end, detailed discussions of two research hotspots and some theoretical and practical implications are concluded in the systematic literature review and bibliometric analysis findings, which may contribute to further development for researchers in the field of energy efficiency and eventually propel the progress of society and economy in an all-round way.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135350440","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ján Dvorský, Ilona Švihlíková, Ľudmila Kozubíková, Katarína Frajtova Michalíková, Adam P. Balcerzak
The financial management of a business is an integral part of strategic management. Small and medium-sized enterprises (SMEs) are vulnerable to the presence of crisis events in the business environment. In this context, senior managers and owners need to react promptly to emerging changes in a given business segment. The aim of the article is to quantify the effect of crisis events in business and firm’s CSR implementation in business on the financial performance in the SMEs. The empirical research incorporated 1,090 SMEs in the business environment of four Central European countries. The research hypotheses were evaluated using structural equation modelling. The empirical findings confirmed the positive impact of CSR implementation in the enterprise on its financial management. The research results did not confirm the negative effects of crisis events in business on the financial management. Crisis phenomena have direct effects on the sustainability of the enterprise; the organizational activities of the enterprise; the functioning of the enterprise in the market and the management of the enterprise. The findings are used as a basis for the preparation of strategic projects of national and international policies helping to cope with crisis phenomena in the business environment of the SME segment.
{"title":"EFFECT OF CSR IMPLEMENTATION AND CRISIS EVENTS IN BUSINESS ON THE FINANCIAL MANAGEMENT OF SMES","authors":"Ján Dvorský, Ilona Švihlíková, Ľudmila Kozubíková, Katarína Frajtova Michalíková, Adam P. Balcerzak","doi":"10.3846/tede.2023.19821","DOIUrl":"https://doi.org/10.3846/tede.2023.19821","url":null,"abstract":"The financial management of a business is an integral part of strategic management. Small and medium-sized enterprises (SMEs) are vulnerable to the presence of crisis events in the business environment. In this context, senior managers and owners need to react promptly to emerging changes in a given business segment. The aim of the article is to quantify the effect of crisis events in business and firm’s CSR implementation in business on the financial performance in the SMEs. The empirical research incorporated 1,090 SMEs in the business environment of four Central European countries. The research hypotheses were evaluated using structural equation modelling. The empirical findings confirmed the positive impact of CSR implementation in the enterprise on its financial management. The research results did not confirm the negative effects of crisis events in business on the financial management. Crisis phenomena have direct effects on the sustainability of the enterprise; the organizational activities of the enterprise; the functioning of the enterprise in the market and the management of the enterprise. The findings are used as a basis for the preparation of strategic projects of national and international policies helping to cope with crisis phenomena in the business environment of the SME segment.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135011236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Chee Loong Lee, Riayati Ahmad, Zulkefly Abdul Karim, Norlin Khalid
Most countries have suffered from prolonged budget deficits over the past two decades. This situation has made researchers and policymakers aware of the challenges to debt sustainability. This study investigates the threshold effect of institutional quality on debt sustainability in a panel of 82 countries, focussing on various threshold effects at different income levels. All the countries selected for this study fell under the categories of high income (HI), upper middle income (UMI), and lower-middle and low income (LMLI) based on the World Bank classifications. The dynamic threshold panel regression results indicate the presence of a threshold effect of institutional quality on the fiscal reaction function (including debt sustainability and cyclical fiscal policy) in all the countries with different income levels. In HI countries, fiscal adjustment weakens if institutional quality surpasses the threshold value of institutional quality. The fiscal adjustment in UMI countries is similar to that in HI countries but statistically insignificant. By contrast, governments in LMLI countries can promote sustainable debt if their institutional quality exceeds the threshold value. Thus, policymakers in LMLI countries need to prioritise their efforts to raise the level of institutional quality to promote debt sustainability.
{"title":"INSTITUTIONAL QUALITY, INCOME LEVEL, AND DEBT SUSTAINABILITY: NEW EVIDENCE USING DYNAMIC PANEL THRESHOLD REGRESSION","authors":"Chee Loong Lee, Riayati Ahmad, Zulkefly Abdul Karim, Norlin Khalid","doi":"10.3846/tede.2023.19247","DOIUrl":"https://doi.org/10.3846/tede.2023.19247","url":null,"abstract":"Most countries have suffered from prolonged budget deficits over the past two decades. This situation has made researchers and policymakers aware of the challenges to debt sustainability. This study investigates the threshold effect of institutional quality on debt sustainability in a panel of 82 countries, focussing on various threshold effects at different income levels. All the countries selected for this study fell under the categories of high income (HI), upper middle income (UMI), and lower-middle and low income (LMLI) based on the World Bank classifications. The dynamic threshold panel regression results indicate the presence of a threshold effect of institutional quality on the fiscal reaction function (including debt sustainability and cyclical fiscal policy) in all the countries with different income levels. In HI countries, fiscal adjustment weakens if institutional quality surpasses the threshold value of institutional quality. The fiscal adjustment in UMI countries is similar to that in HI countries but statistically insignificant. By contrast, governments in LMLI countries can promote sustainable debt if their institutional quality exceeds the threshold value. Thus, policymakers in LMLI countries need to prioritise their efforts to raise the level of institutional quality to promote debt sustainability.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"98 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135013972","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Adam Sadowski, Anna Misztal, Magdalena Kowalska, Ryszard Jędrzejczak, Per Engelseth, Andrzej Bujak, Beata Skowron-Grabowska
Sustainable development counteracts climate change and strives for a good quality of life. It is a development based on economic, social and environmental goals which should be evaluated. Environmental taxes have to ensure enterprises’ development follows sustainability principles. The basis of environmental taxes is a physical unit of harmful substance emissions with a proven negative impact on the environment. The article’s main objective is to assess the impact of environmental taxes (Envtax) on the sustainable development of the transportation and storage enterprises (Susd) (NACE Rev. 2: H) from 2008 to 2018. We created integrated indicators of sustainable development and its components, single-equation and multi-equation models (the OLS estimation) and Model Autoregressive Moving Average with eXogenous (ARMAX) to verify the research hypothesis. The research results indicate that energy (Entax t), transport (Trtax) and pollution taxes (Poltax) from current and previous period significantly affect the development of transportation and storage enterprises within sustainability principles (economic: Ed, social: Sd, and environmental: Envd). There is a strong variation in the strength and direction of the impact of environmental taxes on the development of the transportation and storage enterprises following sustainability principles in Bulgaria, Croatia, Romania, and Slovenia from 2008 to 2018. The results indicate that taxes are not effectively used and that implementing reforms in the European Union in this area is the right direction.
{"title":"THE IMPACT OF ENVIRONMENTAL TAXES ON TRANSPORTATION AND STORAGE ENTERPRISES’ DEVELOPMENT – THE CASE OF BALKAN COUNTRIES","authors":"Adam Sadowski, Anna Misztal, Magdalena Kowalska, Ryszard Jędrzejczak, Per Engelseth, Andrzej Bujak, Beata Skowron-Grabowska","doi":"10.3846/tede.2023.19531","DOIUrl":"https://doi.org/10.3846/tede.2023.19531","url":null,"abstract":"Sustainable development counteracts climate change and strives for a good quality of life. It is a development based on economic, social and environmental goals which should be evaluated. Environmental taxes have to ensure enterprises’ development follows sustainability principles. The basis of environmental taxes is a physical unit of harmful substance emissions with a proven negative impact on the environment. The article’s main objective is to assess the impact of environmental taxes (Envtax) on the sustainable development of the transportation and storage enterprises (Susd) (NACE Rev. 2: H) from 2008 to 2018. We created integrated indicators of sustainable development and its components, single-equation and multi-equation models (the OLS estimation) and Model Autoregressive Moving Average with eXogenous (ARMAX) to verify the research hypothesis. The research results indicate that energy (Entax t), transport (Trtax) and pollution taxes (Poltax) from current and previous period significantly affect the development of transportation and storage enterprises within sustainability principles (economic: Ed, social: Sd, and environmental: Envd). There is a strong variation in the strength and direction of the impact of environmental taxes on the development of the transportation and storage enterprises following sustainability principles in Bulgaria, Croatia, Romania, and Slovenia from 2008 to 2018. The results indicate that taxes are not effectively used and that implementing reforms in the European Union in this area is the right direction.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"151 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135063886","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The stock investment selection could be deemed as a classic multiple attribute group decision making (MAGDM) problem involving multiple conflicts and interleaved qualitative and quantitative attributes. Spherical fuzzy sets (SFSs) can excavate the potential vagueness and intricacy in MAGDM more effectively and deeply. This article we propose an integrated decision support system (IDSS) based on SFSs, prospect theory (PT), distance from average solution (EDAS) method and the MEthod based on the Removal Effects of Criteria (MEREC). The proposed IDSS, called SF-PT-EDAS-MEREC model, uses SFSs to describe the uncertain and obscure assessment information of DMs. The combination of PT and EDAS (PT-EDAS) method adequately captures DMs’ psychological behavior characteristics to execute more reasonable alternative evaluation. The MEREC is utilized to efficaciously obtain unknown attribute weights. In addition, this paper also presents a novel score function to compare spherical fuzzy numbers (SFNs) more directly and efficiently. Eventually, in order to illustrate the practicability of the proposed IDSS, two numerical examples of stock investment selection are employed to achieve this. Meanwhile, the comparative study with existing approach further demonstrates the effectiveness and superiority of SF-PT-EDAS-MEREC model.
{"title":"AN INTEGRATED DECISION SUPPORT SYSTEM FOR STOCK INVESTMENT BASED ON SPHERICAL FUZZY PT-EDAS METHOD AND MEREC","authors":"Huiyuan Zhang, Hongjun Wang, Guiwu Wei, Xudong Chen","doi":"10.3846/tede.2023.19123","DOIUrl":"https://doi.org/10.3846/tede.2023.19123","url":null,"abstract":"The stock investment selection could be deemed as a classic multiple attribute group decision making (MAGDM) problem involving multiple conflicts and interleaved qualitative and quantitative attributes. Spherical fuzzy sets (SFSs) can excavate the potential vagueness and intricacy in MAGDM more effectively and deeply. This article we propose an integrated decision support system (IDSS) based on SFSs, prospect theory (PT), distance from average solution (EDAS) method and the MEthod based on the Removal Effects of Criteria (MEREC). The proposed IDSS, called SF-PT-EDAS-MEREC model, uses SFSs to describe the uncertain and obscure assessment information of DMs. The combination of PT and EDAS (PT-EDAS) method adequately captures DMs’ psychological behavior characteristics to execute more reasonable alternative evaluation. The MEREC is utilized to efficaciously obtain unknown attribute weights. In addition, this paper also presents a novel score function to compare spherical fuzzy numbers (SFNs) more directly and efficiently. Eventually, in order to illustrate the practicability of the proposed IDSS, two numerical examples of stock investment selection are employed to achieve this. Meanwhile, the comparative study with existing approach further demonstrates the effectiveness and superiority of SF-PT-EDAS-MEREC model.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135878609","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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