As a new media form in the new era, self-media has been developing rapidly in China. With the globalization of economy, the continuous improvement of technology and the popularization and perfection of mobile Internet technology, the self-media industry is facing great opportunities and challenges. The profitability of self-media is getting richer and richer, and a variety of more systematic profit models are gradually formed, but the overall profitability is not optimistic, which is not unrelated to the high transaction costs and the lack of management system. This paper will explore more sustainable profit models based on the existing profit models of self-media from the perspective of new institutional economics, using transaction costs, contracts, institutional change and other related theories, and give policy recommendations for the problems.
{"title":"How to Explore a Sustainable Profit Model for Self-publishing --Based on the Perspective of New Institutional Economics","authors":"Qin Yang","doi":"10.22158/jepf.v9n1p21","DOIUrl":"https://doi.org/10.22158/jepf.v9n1p21","url":null,"abstract":"As a new media form in the new era, self-media has been developing rapidly in China. With the globalization of economy, the continuous improvement of technology and the popularization and perfection of mobile Internet technology, the self-media industry is facing great opportunities and challenges. The profitability of self-media is getting richer and richer, and a variety of more systematic profit models are gradually formed, but the overall profitability is not optimistic, which is not unrelated to the high transaction costs and the lack of management system. This paper will explore more sustainable profit models based on the existing profit models of self-media from the perspective of new institutional economics, using transaction costs, contracts, institutional change and other related theories, and give policy recommendations for the problems.","PeriodicalId":73718,"journal":{"name":"Journal of economics and public finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-12-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73425600","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}
In this paper, we provide explicit critical comparisons of two very important and successful regional emissions trading schemes: California and Tokyo. We focus on the contrasts of the different rules and functioning of the carbon credit trading markets. We also compare the carbon leakages and the compliance of the two schemes. We highlight the “negative” carbon leakage and the voluntary compliance associated with the Tokyo- Saitama Prefecture schemes. Finally, we provide a formal model linking some “unique” Japanese labour market practices to the incentives facing the Japanese facilities.
{"title":"Climate Change Policy, Emissions Trading Schemes and Carbon Pricing: California and Tokyo","authors":"K. Fung","doi":"10.22158/jepf.v9n1p1","DOIUrl":"https://doi.org/10.22158/jepf.v9n1p1","url":null,"abstract":"In this paper, we provide explicit critical comparisons of two very important and successful regional emissions trading schemes: California and Tokyo. We focus on the contrasts of the different rules and functioning of the carbon credit trading markets. We also compare the carbon leakages and the compliance of the two schemes. We highlight the “negative” carbon leakage and the voluntary compliance associated with the Tokyo- Saitama Prefecture schemes. Finally, we provide a formal model linking some “unique” Japanese labour market practices to the incentives facing the Japanese facilities.","PeriodicalId":73718,"journal":{"name":"Journal of economics and public finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76998724","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}
Historian Lynn White wanted to understand why the Western civilization had exploited nature so much that its own quality of life--even its survival--was now at stake. White concluded that the answer is: the Judeo-Christian tradition.The environmental movement began in the early 1960s, with far-reaching changes in American values and attitudes, that were powering a growing interest in wilderness and its preservation.By destroying pagan animism, Christianity made it possible to exploit nature in a mood of indifference to the feelings of natural objects. Severed from the human community and its ethical protection, nature was fully exposed to human greed.Aristotle’s scientific philosophy of nature—animate and alive—dominated Western thought for two thousand years after his death. But thanks to the Scientific Revolution of the 16th and 17th centuries, the notion of an organic and spiritual universe was replaced by that of the world as a machine, and the word machine became a dominant metaphor of the modern era. It was around 1850, that Western Europe and North America arranged a marriage between science and technology that signified the Baconian creed of power over nature. Its acceptance as a normal pattern of action may mark the greatest event in human history since the invention of agriculture. Perhaps the most profound legacy of the Scientific Revolution is the principle of reductionism that encourages an atomistic and disintegrated view of nature. As a result, we have the Faustian bargain of Hydrogen bombs that pose an existential threat to the universe. Individualism is first on the list of American cultural heritage. Next is the “Bootstrap philosophy.” This phrase has become part of American mythology, and the nation’s attitude toward helping those in society that have been left behind; and we lecture them to lift themselves up by their bootstraps. Next are the negative attitudes toward government that are unjustified. Then there is the free-market crusade that has led to American economic decline. And next, this is their promised Utopia for what ails America: “Privatization, deregulation, downsizing, shrinking entitlements, and lower taxes.”Smith’s explanation of the paradox of the interplay between supply and demand, is an important scientific contribution to society. But, why then did he cross that line, and enter the domain of metaphysics with his proclamation that “consumption is the sole end and purpose of all production”?Yet, he put no limits on consumption and left the door of overconsumption wide open.Smith says that in an unfettered market--propelled by competition among self-interested sellers and buyers--the invisible hand will then allocate goods efficiently.However, one of the best-kept secrets in economics is that there is no case for the “invisible hand.”Finally, Adam Smith ignored the Industrial Revolution? This is because his static theory could not handle innovation.
{"title":"The Religious, Scientific, Cultural, and Economic Foundations of America","authors":"Y. Datta","doi":"10.22158/jepf.v8n4p118","DOIUrl":"https://doi.org/10.22158/jepf.v8n4p118","url":null,"abstract":"Historian Lynn White wanted to understand why the Western civilization had exploited nature so much that its own quality of life--even its survival--was now at stake. White concluded that the answer is: the Judeo-Christian tradition.The environmental movement began in the early 1960s, with far-reaching changes in American values and attitudes, that were powering a growing interest in wilderness and its preservation.By destroying pagan animism, Christianity made it possible to exploit nature in a mood of indifference to the feelings of natural objects. Severed from the human community and its ethical protection, nature was fully exposed to human greed.Aristotle’s scientific philosophy of nature—animate and alive—dominated Western thought for two thousand years after his death. But thanks to the Scientific Revolution of the 16th and 17th centuries, the notion of an organic and spiritual universe was replaced by that of the world as a machine, and the word machine became a dominant metaphor of the modern era. It was around 1850, that Western Europe and North America arranged a marriage between science and technology that signified the Baconian creed of power over nature. Its acceptance as a normal pattern of action may mark the greatest event in human history since the invention of agriculture. Perhaps the most profound legacy of the Scientific Revolution is the principle of reductionism that encourages an atomistic and disintegrated view of nature. As a result, we have the Faustian bargain of Hydrogen bombs that pose an existential threat to the universe. Individualism is first on the list of American cultural heritage. Next is the “Bootstrap philosophy.” This phrase has become part of American mythology, and the nation’s attitude toward helping those in society that have been left behind; and we lecture them to lift themselves up by their bootstraps. Next are the negative attitudes toward government that are unjustified. Then there is the free-market crusade that has led to American economic decline. And next, this is their promised Utopia for what ails America: “Privatization, deregulation, downsizing, shrinking entitlements, and lower taxes.”Smith’s explanation of the paradox of the interplay between supply and demand, is an important scientific contribution to society. But, why then did he cross that line, and enter the domain of metaphysics with his proclamation that “consumption is the sole end and purpose of all production”?Yet, he put no limits on consumption and left the door of overconsumption wide open.Smith says that in an unfettered market--propelled by competition among self-interested sellers and buyers--the invisible hand will then allocate goods efficiently.However, one of the best-kept secrets in economics is that there is no case for the “invisible hand.”Finally, Adam Smith ignored the Industrial Revolution? This is because his static theory could not handle innovation.","PeriodicalId":73718,"journal":{"name":"Journal of economics and public finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81985783","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}
Income from different sources has become an important guarantee to sustain family life and normal expenses in China. How different sources of income affect farmers’ expenditure levels and how they have influenced farmers’ consumption since the agricultural tax reform in China since the 20th century has become a question worth exploring. Panel data from 2016 to 2020 are utilized to examine rural residents’ consumption expenditures and their sources of disposable income by region to analyze the impact of different income sources on farmers’ consumption and the correlation between income before and after agricultural tax reform, and finally conducts an analysis of future scenarios based on a time series model. The research results show that the elasticity of income from different sources on rural households’ per capita consumption expenditure is different, among which wage income is the most elastic, while household business income has a relatively small effect on consumption expenditure, but through data analysis we can find that agricultural tax reform has a significant and continuous promotion effect on rural households’ per capita consumption expenditure. The continuous cycle of agricultural tax reform is long, and the transmission chain through less tax payment, expanded reproduction, harvest, realization, and then consumption is long, thus there is a certain lag in tax reduction effect. Income from such sources in the first three years has a large impact on the current period data, while the first four and five years have a relatively small impact on current business income.
{"title":"The Impact of Diversified Income and Agricultural Tax Reform on the Consumption of Chinese Rural Residents","authors":"Fangyuan Zhou, Xiaoqu Luo, Kandorera Angela Nujoma","doi":"10.22158/jepf.v8n4p75","DOIUrl":"https://doi.org/10.22158/jepf.v8n4p75","url":null,"abstract":"Income from different sources has become an important guarantee to sustain family life and normal expenses in China. How different sources of income affect farmers’ expenditure levels and how they have influenced farmers’ consumption since the agricultural tax reform in China since the 20th century has become a question worth exploring. Panel data from 2016 to 2020 are utilized to examine rural residents’ consumption expenditures and their sources of disposable income by region to analyze the impact of different income sources on farmers’ consumption and the correlation between income before and after agricultural tax reform, and finally conducts an analysis of future scenarios based on a time series model. The research results show that the elasticity of income from different sources on rural households’ per capita consumption expenditure is different, among which wage income is the most elastic, while household business income has a relatively small effect on consumption expenditure, but through data analysis we can find that agricultural tax reform has a significant and continuous promotion effect on rural households’ per capita consumption expenditure. The continuous cycle of agricultural tax reform is long, and the transmission chain through less tax payment, expanded reproduction, harvest, realization, and then consumption is long, thus there is a certain lag in tax reduction effect. Income from such sources in the first three years has a large impact on the current period data, while the first four and five years have a relatively small impact on current business income.","PeriodicalId":73718,"journal":{"name":"Journal of economics and public finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76560721","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}
The thesis that we support in this introductory work, and which we propose for discussion and technical-scientific debate, is that even the online bank, and even better the digital bank, towards which we are moving with ever-increasing acceleration, cannot escape the trends, now widespread in businesses, towards flexible and decentralized models, which recognize the principle of self-organization and empowerment, and therefore towards organizational forms that involve and participate managers and employees. Organizational models that place human capital and the ethical-motivational wellbeing of people (workers and managers) at the centre and that, if involved in decision-making processes, are capable not only of increasing dynamic capabilities but also of innovating them (renewing) by leveraging, above all, the enhancement of middle management. In this work we argue that the characteristics of organizational models promote the dynamic capabilities in a circular approach integrating vertical and horizontal competences in a flattening organization. Freedom and Emotional management shape organizations capable of adapting and regenerating even in rapidly changing environments. Reinforcing this position is the circumstance that Italian banks find themselves having to redesign their business and managerial models not only to make them economically and financially sustainable to counter the current profitability crisis, but also to make them consistent with social (and environmental) sustainability criteria by adapting to the new European regulation. A transformation that push towards the increasing convergence of eco-efficiency and eco-effectiveness with more participating and creative human resources for the resilience.
{"title":"Organizational Models and Dynamic Capabilities: From Bureaucratic Structures to a Freedom and Emotional Management for a Sustainable, Participative and Innovative Bank. The Case of Italian Banks","authors":"Maurizio Baravelli, L. Pilotti","doi":"10.22158/jepf.v8n4p95","DOIUrl":"https://doi.org/10.22158/jepf.v8n4p95","url":null,"abstract":"The thesis that we support in this introductory work, and which we propose for discussion and technical-scientific debate, is that even the online bank, and even better the digital bank, towards which we are moving with ever-increasing acceleration, cannot escape the trends, now widespread in businesses, towards flexible and decentralized models, which recognize the principle of self-organization and empowerment, and therefore towards organizational forms that involve and participate managers and employees. Organizational models that place human capital and the ethical-motivational wellbeing of people (workers and managers) at the centre and that, if involved in decision-making processes, are capable not only of increasing dynamic capabilities but also of innovating them (renewing) by leveraging, above all, the enhancement of middle management. In this work we argue that the characteristics of organizational models promote the dynamic capabilities in a circular approach integrating vertical and horizontal competences in a flattening organization. Freedom and Emotional management shape organizations capable of adapting and regenerating even in rapidly changing environments. Reinforcing this position is the circumstance that Italian banks find themselves having to redesign their business and managerial models not only to make them economically and financially sustainable to counter the current profitability crisis, but also to make them consistent with social (and environmental) sustainability criteria by adapting to the new European regulation. A transformation that push towards the increasing convergence of eco-efficiency and eco-effectiveness with more participating and creative human resources for the resilience.","PeriodicalId":73718,"journal":{"name":"Journal of economics and public finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77173957","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}
In recent years in China’s booming market economy, along with the transformation of the market economy on the reform of the state-owned economic system also came into being, in order to increase the source of profit channels of state-owned enterprises, do a good job of the value-added work of state-owned enterprise assets, many state-owned enterprises choose to diversify development, and this trend is now very obvious. The development of enterprises has also produced a number of problems that have had a significant impact on the quality and returns of investments, causing unnecessary losses and increasing unnecessary risks for many state-owned enterprises. The article will be based on the current situation of investment projects and management of state-owned enterprises, analyze the problems that exist in them, put forward effective improvement measures and targeted countermeasure suggestions for the investment management of state-owned enterprises, and promote the high-quality development of state-owned enterprises.
{"title":"State-owned Enterprises Investment Management Status and Optimization Strategy","authors":"Ma Liang, Meng Mei","doi":"10.22158/jepf.v8n4p67","DOIUrl":"https://doi.org/10.22158/jepf.v8n4p67","url":null,"abstract":"In recent years in China’s booming market economy, along with the transformation of the market economy on the reform of the state-owned economic system also came into being, in order to increase the source of profit channels of state-owned enterprises, do a good job of the value-added work of state-owned enterprise assets, many state-owned enterprises choose to diversify development, and this trend is now very obvious. The development of enterprises has also produced a number of problems that have had a significant impact on the quality and returns of investments, causing unnecessary losses and increasing unnecessary risks for many state-owned enterprises. The article will be based on the current situation of investment projects and management of state-owned enterprises, analyze the problems that exist in them, put forward effective improvement measures and targeted countermeasure suggestions for the investment management of state-owned enterprises, and promote the high-quality development of state-owned enterprises.","PeriodicalId":73718,"journal":{"name":"Journal of economics and public finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-11-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75905042","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}
Hamdon A. Abdelrhman, Tasneem A. Almaleeh, Inaam Mohammed Mahmoud Elshareef
This study was conducted at Dellanj Forest in South Kordofan State, during the period 2021/2022. This paper aims to quantify the economic value of ecosystem services in Dellanj forest. Data of this analysis were collected using interview for respondents visited the Dellanj forest for one week, monthly and in holidays), 120 questionnaires were distributed to the respondents contains different questions concerning the ecosystem services provided by Dellanj forest. To supplement the primary data, the secondary data, key Informants were used in this analysis. Also, the study followed framework of ecological assessment in quantifying forest ecosystem services and management, the data analysis using statistical Package for Social Sciences. The results revealed that, regarding sex, age, education and occupation of respondent visiting Dellanj forest, 50.8% of respondent were female and the rest of them are male; 34.2% of respondents; in study area their education status was reach and studied until university. The results of the forest visits season indicated that , most of respondent visited the forest four times a month, this represented by 38.3% followed by 3 and 2 times which indicated by 25.8 and 24.2 respectively. Also, the investigation revealed that, there are four main ecosystem services provided by Dellanj forest ecosystem they were recreation, watershed protection, flooding protection and soil erosion. The results depicted that all the choices of payment which presented by the researcher to forest visitors displays positive responds from the interviewees. In addition, the respondent analysis resulted that, the flooding and soil erosion are the main services which provided by Dellanj forest and that indicated the importance of the Dellanj forest to population of Dellanj and the visitors as well. The study concluded that, the four ecosystem services which provided by Dellanj forest are very crucial for the communities resided around the forest and visitors that stated in the mount of ecosystem services payment by the respondents. The study recommended that, the value of ecosystem services must include as environmental extension messages to decision makers and community for conserving Dellanj forest. Also, the economic value of the other service provided by forest need to be investigated to rise the value of Dellanj forest ecosystem and its indirect values.
{"title":"Economic Valuation of Ecosystem Services Provided by Dellanj Forest Using Contingent Valuation Methods","authors":"Hamdon A. Abdelrhman, Tasneem A. Almaleeh, Inaam Mohammed Mahmoud Elshareef","doi":"10.22158/jepf.v8n4p58","DOIUrl":"https://doi.org/10.22158/jepf.v8n4p58","url":null,"abstract":"This study was conducted at Dellanj Forest in South Kordofan State, during the period 2021/2022. This paper aims to quantify the economic value of ecosystem services in Dellanj forest. Data of this analysis were collected using interview for respondents visited the Dellanj forest for one week, monthly and in holidays), 120 questionnaires were distributed to the respondents contains different questions concerning the ecosystem services provided by Dellanj forest. To supplement the primary data, the secondary data, key Informants were used in this analysis. Also, the study followed framework of ecological assessment in quantifying forest ecosystem services and management, the data analysis using statistical Package for Social Sciences. The results revealed that, regarding sex, age, education and occupation of respondent visiting Dellanj forest, 50.8% of respondent were female and the rest of them are male; 34.2% of respondents; in study area their education status was reach and studied until university. The results of the forest visits season indicated that , most of respondent visited the forest four times a month, this represented by 38.3% followed by 3 and 2 times which indicated by 25.8 and 24.2 respectively. Also, the investigation revealed that, there are four main ecosystem services provided by Dellanj forest ecosystem they were recreation, watershed protection, flooding protection and soil erosion. The results depicted that all the choices of payment which presented by the researcher to forest visitors displays positive responds from the interviewees. In addition, the respondent analysis resulted that, the flooding and soil erosion are the main services which provided by Dellanj forest and that indicated the importance of the Dellanj forest to population of Dellanj and the visitors as well. The study concluded that, the four ecosystem services which provided by Dellanj forest are very crucial for the communities resided around the forest and visitors that stated in the mount of ecosystem services payment by the respondents. The study recommended that, the value of ecosystem services must include as environmental extension messages to decision makers and community for conserving Dellanj forest. Also, the economic value of the other service provided by forest need to be investigated to rise the value of Dellanj forest ecosystem and its indirect values.","PeriodicalId":73718,"journal":{"name":"Journal of economics and public finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83695008","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}
In the era of innovative technologies, the physical border is no longer a concern in exchanging goods thanks to the widespread use of internet connections. On this basis, the study explores the determinants that impact cross-border online consumers’ purchase intentions in Hanoi, Vietnam. As fundamental ideas, the Theory of Planned Behavior (TPB) and the Technology Acceptance Model (TAM) are integrated with the influence of the Regional Comprehensive Economic Partnership (RCEP). The examined factors consist of Consumer Attitude, Subjective Norms, Perceived Behavioral Control, Perceived Usefulness, Perceived Ease of Use, Perceived Risk, Trust, and RCEP. The research was conducted on a survey questionnaire of 253 online shoppers in Hanoi who have experienced cross-border purchasing. The data was processed using several statistical methods, namely descriptive statistics, exploratory factor analysis (EFA), correlation analysis, and regression analysis. The analysis reveals that Consumer Attitude, Subjective Norms, Perceived Behavioral Control, Perceived Usefulness, Perceived Ease of Use, and Trust have a positive influence on the consumer’s intention to cross-border e-commerce (CBEC), while perceived risk and RCEP do not exert any force on the intention. Among these variables, Risk perception and trust have been demonstrated to have the most significant impact on online purchase intention. The outcomes of the study indicate that online retailers or intermediaries adopt a third-party payment processor and publish policies to protect consumers’ private information. It is also suggested that the government should educate the public on the benefits of RCEP, implement the relevant policies, and provide guidance for the sellers to follow to utilize the advantages of RCEP.
{"title":"Factors Affecting Consumers’ Intention in Vietnam-China Cross-border E-commerce: An Empirical Study in Hanoi, Vietnam","authors":"T. Le, Jun Chen, Thi Minh Trung Nguyen","doi":"10.22158/jepf.v8n4p35","DOIUrl":"https://doi.org/10.22158/jepf.v8n4p35","url":null,"abstract":"In the era of innovative technologies, the physical border is no longer a concern in exchanging goods thanks to the widespread use of internet connections. On this basis, the study explores the determinants that impact cross-border online consumers’ purchase intentions in Hanoi, Vietnam. As fundamental ideas, the Theory of Planned Behavior (TPB) and the Technology Acceptance Model (TAM) are integrated with the influence of the Regional Comprehensive Economic Partnership (RCEP). The examined factors consist of Consumer Attitude, Subjective Norms, Perceived Behavioral Control, Perceived Usefulness, Perceived Ease of Use, Perceived Risk, Trust, and RCEP. The research was conducted on a survey questionnaire of 253 online shoppers in Hanoi who have experienced cross-border purchasing. The data was processed using several statistical methods, namely descriptive statistics, exploratory factor analysis (EFA), correlation analysis, and regression analysis. The analysis reveals that Consumer Attitude, Subjective Norms, Perceived Behavioral Control, Perceived Usefulness, Perceived Ease of Use, and Trust have a positive influence on the consumer’s intention to cross-border e-commerce (CBEC), while perceived risk and RCEP do not exert any force on the intention. Among these variables, Risk perception and trust have been demonstrated to have the most significant impact on online purchase intention. The outcomes of the study indicate that online retailers or intermediaries adopt a third-party payment processor and publish policies to protect consumers’ private information. It is also suggested that the government should educate the public on the benefits of RCEP, implement the relevant policies, and provide guidance for the sellers to follow to utilize the advantages of RCEP.","PeriodicalId":73718,"journal":{"name":"Journal of economics and public finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74466432","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}
During the recent two decades, the spectacular economic growth of China has been under increasing scrutiny in the literature. However, prevailing discourses have either evaluated the causes/effects of the RMB exchange rate misalignment or theorized the investment/speculation channels. The implication of this persistent currency intervention (CI) regime on economic development, in comparison, remains one of the most contentious subjects in international economics. To shed light on this issue, this research develops a new macroeconomic model to address the two core attributes of China's persistent CI: the stagnant adjustment of the capital markets and the fast liberalization of the commodity markets. It investigates the impacts of macroeconomic controls on output growth and price levels from multiple aspects. It also makes several interesting discoveries in opposition to key postulations of existing macroeconomic models.
{"title":"Economic Development under Persistent Currency Intervention","authors":"Hailong Jin","doi":"10.22158/jepf.v8n4p1","DOIUrl":"https://doi.org/10.22158/jepf.v8n4p1","url":null,"abstract":"During the recent two decades, the spectacular economic growth of China has been under increasing scrutiny in the literature. However, prevailing discourses have either evaluated the causes/effects of the RMB exchange rate misalignment or theorized the investment/speculation channels. The implication of this persistent currency intervention (CI) regime on economic development, in comparison, remains one of the most contentious subjects in international economics. To shed light on this issue, this research develops a new macroeconomic model to address the two core attributes of China's persistent CI: the stagnant adjustment of the capital markets and the fast liberalization of the commodity markets. It investigates the impacts of macroeconomic controls on output growth and price levels from multiple aspects. It also makes several interesting discoveries in opposition to key postulations of existing macroeconomic models.","PeriodicalId":73718,"journal":{"name":"Journal of economics and public finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80400489","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}
The objective of this paper is to study the relationship between the change of oil price and the profitability of Chinese oil mining enterprises. This paper collects the relevant data of China’s oil exploitation industry and listed companies from 2011 to 2020, and makes an empirical study by using the standard value weight method and regression analysis method. The conclusions are as follows: (1) from 2011 to 2020, the average annual decline of international oil price is 6.71%, which significantly weakened the profitability of Listed Companies in China’s oil exploitation industry. (2) From 2011 to 2020, the average annual decline of gasoline prices in China is 2.61%. However, due to the implementation of the “minimum price” policy by the Chinese government, the profitability of Listed Companies in the oil exploitation industry has not decreased, but increased. (3) From 2011 to 2020, the internal control level of Listed Companies in China’s oil exploitation industry continued to decline, which was significantly negatively correlated with profitability. (4) Listed companies in China’s petroleum exploration industry adhere to the concept of sustainable development, pay attention to scientific and technological investment, effectively operate assets, increase cash flow and control costs. These measures have significantly improved the profitability of enterprises.
{"title":"Study on Oil Price Change, Internal Regulation and Profitability Index -- Taking Oil Exploitation Industry of China as an Example","authors":"Liang-feng Zhu, Xueyi Zhu","doi":"10.22158/jepf.v8n4p15","DOIUrl":"https://doi.org/10.22158/jepf.v8n4p15","url":null,"abstract":"The objective of this paper is to study the relationship between the change of oil price and the profitability of Chinese oil mining enterprises. This paper collects the relevant data of China’s oil exploitation industry and listed companies from 2011 to 2020, and makes an empirical study by using the standard value weight method and regression analysis method. The conclusions are as follows: (1) from 2011 to 2020, the average annual decline of international oil price is 6.71%, which significantly weakened the profitability of Listed Companies in China’s oil exploitation industry. (2) From 2011 to 2020, the average annual decline of gasoline prices in China is 2.61%. However, due to the implementation of the “minimum price” policy by the Chinese government, the profitability of Listed Companies in the oil exploitation industry has not decreased, but increased. (3) From 2011 to 2020, the internal control level of Listed Companies in China’s oil exploitation industry continued to decline, which was significantly negatively correlated with profitability. (4) Listed companies in China’s petroleum exploration industry adhere to the concept of sustainable development, pay attention to scientific and technological investment, effectively operate assets, increase cash flow and control costs. These measures have significantly improved the profitability of enterprises.","PeriodicalId":73718,"journal":{"name":"Journal of economics and public finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74443544","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}
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