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An Empirical Study of Internet Insurance in Taiwan Adopting the Theoretical Framework of UTAUT2 基于UTAUT2理论框架的台湾互联网保险实证研究
Bulletin of Applied Economics Pub Date : 2023-06-06 DOI: 10.47260/jafb/1351
Fanghuai Ku, Chen-Ying Lee
{"title":"An Empirical Study of Internet Insurance in Taiwan Adopting the Theoretical Framework of UTAUT2","authors":"Fanghuai Ku, Chen-Ying Lee","doi":"10.47260/jafb/1351","DOIUrl":"https://doi.org/10.47260/jafb/1351","url":null,"abstract":"Abstract\u0000\u0000Insurance company managers must focus on improving the quality of internet insurance services in the near future. Since young people are early adopters of internet insurance, insurance companies in Taiwan must introduce value-added services to young people regarding internet insurance and provide more convenient services to older customers. This study investigated the factors that influence the intention of using internet insurance in Taiwan, adopting the theoretical framework of UTAUT2. The study determined which factors influence the intention to use internet insurance to allow insurance companies to develop more marketing strategies. The results of the study revealed that Performance Expectancy, Effort Expectancy, Facilitating Conditions, Perceived Risk, and Price Value significantly influenced consumers' intention to use insurance online services. Facilitating Conditions were also found to be a mediating variable with enhanced effectiveness between Behavioral Intention and Use Behavior. The intention to use had a significant effect on the Use Behavior of insurance network services.\u0000\u0000JEL classification numbers: G22, M15, Q55.\u0000Keywords: UTAUT2, Intention to use, Internet insurance services.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"188 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131575802","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}
引用次数: 0
Twitter‘s happiness sentiment index impacts on financial markets: an integrated overview of empirical findings Twitter的幸福情绪指数对金融市场的影响:实证研究结果的综合综述
Bulletin of Applied Economics Pub Date : 2023-05-31 DOI: 10.47260/bae/1023
Νikolaos A. Kyriazis
{"title":"Twitter‘s happiness sentiment index impacts on financial markets: an integrated overview of empirical findings","authors":"Νikolaos A. Kyriazis","doi":"10.47260/bae/1023","DOIUrl":"https://doi.org/10.47260/bae/1023","url":null,"abstract":"Abstract\u0000This survey paper investigates the empirical findings of academic work that explores the nexus between the highly innovative Twitter happiness sentiment index and a range of financial assets. An integrated overview of econometric outcomes and the relevant investment policy implications are provided. It is revealed that investor happiness reinforces the safe haven abilities of gold. Moreover, major stock indices are highly influenced by the happiness index especially at higher quantiles. Reverse causality between the happiness index and stock indices is also detected but in a weaker level. This survey contributes to better\u0000understanding investment decisions based on behavioural finance and provides evidence about the nexus of investor sentiment estimation with the financial sector nowadays.\u0000\u0000JEL Classification numbers: G15, G40, Q02.\u0000Keywords: Investor happiness, Investor sentiment, Twitter, Survey, Gold, Stock prices.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"187 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121061101","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}
引用次数: 0
Co-movement and global factors in sovereign bond yields 主权债券收益率的变动与全球因素
Bulletin of Applied Economics Pub Date : 2023-05-23 DOI: 10.47260/bae/1022
I. Venetis, Avgoustinos Ladas
{"title":"Co-movement and global factors in sovereign bond yields","authors":"I. Venetis, Avgoustinos Ladas","doi":"10.47260/bae/1022","DOIUrl":"https://doi.org/10.47260/bae/1022","url":null,"abstract":"Abstract\u0000We study the co-movement in international zero-coupon government bond yields using a recently proposed methodology by Choi et al. (2018) and Choi et al. (2021) for the estimation of multilevel factor models. We employ a readily available non-proprietary dataset coupled with open-source code which facilitates reproduction of the results but also comparability with the existing bibliography. The ten countries dataset is cross-sectionally expanded to eleven countries with newly constructed data series on the term structure of Greek constant-maturity, government zero-coupon bond rates. We find that the country pair US-Germany is most suitable as an initial candidate for global factor estimation. We confirm that three global factors account for most of the variation in zero-coupon bond yields leaving a small proportion to be (contemporaneously) explained by local factors. Global inflation and global real activity are related to the global level and slope factors. The third global factor, “curvature,” is strongly related to economic/financial uncertainty linked to systemic risk stemming from the US financial markets.\u0000\u0000JEL classification numbers: C10, E43, G12, G15.\u0000Keywords: Sovereign bonds; Yield curve; Term structure; Multilevel factor model; Global factors; Local factors.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124303775","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}
引用次数: 0
A VAR model for Fiscal Multipliers and the Future of Fiscal Policy in European Monetary Union 财政乘数VAR模型与欧洲货币联盟财政政策的未来
Bulletin of Applied Economics Pub Date : 2023-05-19 DOI: 10.47260/bae/1021
Theodore Chatziapostolou, Nikolina Kosteletou
{"title":"A VAR model for Fiscal Multipliers and the Future of Fiscal Policy in European Monetary Union","authors":"Theodore Chatziapostolou, Nikolina Kosteletou","doi":"10.47260/bae/1021","DOIUrl":"https://doi.org/10.47260/bae/1021","url":null,"abstract":"Abstract\u0000Fiscal multipliers have been a core issue for the effectiveness of fiscal policy. During the financial economic crisis of 2007–8 there has been a revival of interest in re-estimating the size of the multipliers. Empirical literature showed that fiscal multipliers are dependent either on structural characteristics of the economy (exchange rate regime, openness, etc.), or on business cycles or on fiscal characteristics (level of debt, the choice between expenditures and taxes, etc.) of the economies. The aim of this paper is to contribute to this discussion by developing a VAR model to compute the effects of fiscal policy to output for the 19 member states of EMU for the period 2002-2019. Controlling for size of the countries, level of Debt to GDP ratio and openness. Based on these findings we will discuss the difficulties of fiscal consolidation in EMU economies. We argue that EMU is facing a deadlock, the necessity of fiscal consolidation on the one hand and the unavoidable risk of uneven results of fiscal contraction in the member states due to different size of multipliers on the other hand. The only alternative for EMU is to take a step forward towards a fiscal union. In this case fiscal policy should be balance different political priorities and preferences and at the same time be timely and effective.\u0000\u0000JEL classification numbers: F35, O53.\u0000Keywords: Fiscal policy, European Monetary Union, debt, Fiscal cooperation, Fiscal multipliers.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134645150","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}
引用次数: 0
Vanguard Effect of Foreign Aid in Thailand 外援在泰国的先锋效应
Bulletin of Applied Economics Pub Date : 2023-05-08 DOI: 10.47260/bae/1019
Hiroaki Sakurai
{"title":"Vanguard Effect of Foreign Aid in Thailand","authors":"Hiroaki Sakurai","doi":"10.47260/bae/1019","DOIUrl":"https://doi.org/10.47260/bae/1019","url":null,"abstract":"Abstract\u0000\u0000This study examines the relationship between foreign aid and investment in Thailand in two ways to see whether foreign aid contributes to Thai economy through encouraging investment in Thailand. The estimation results are summarized as follows. First, the relationship between foreign aid and investment adding to trade, savings, and growth from 1975 to 2020 is shown as positive relationships by using OLS but not by using VAR model. Second, positive relationship between the accumulated foreign aid and foreign direct investment from 1970 to 2020 is shown by using the VAR model, the Granger causality test, and the Impulse response test. Based on the estimation results, we infer that in Thailand foreign aid mainly arranged for social infrastructure since the 1980s guided investments to an extent since foreign aid and investment in Thailand has positive relationship under some restrictions.\u0000\u0000JEL classification numbers: F35, O53.\u0000Keywords: Foreign Aid, Vanguard, Foreign Direct Investment, Thailand.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128697365","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}
引用次数: 0
Foreign Aid and Productivity in Thailand 泰国的对外援助和生产力
Bulletin of Applied Economics Pub Date : 2023-04-28 DOI: 10.47260/bae/1018a
Sakurai Hiroaki
{"title":"Foreign Aid and Productivity in Thailand","authors":"Sakurai Hiroaki","doi":"10.47260/bae/1018a","DOIUrl":"https://doi.org/10.47260/bae/1018a","url":null,"abstract":"Abstract\u0000This study examines the relationship between foreign aid and total factor productivity (TFP) in Thailand from 1972 to 2013 using the VAR model and Granger causality. While discussing the role of foreign aid in the economy of recipient countries, it is important to examine whether foreign aid contributes to the productivity of the recipient country. Estimation results do not show any evidence of a relationship between foreign aid and the TFP in Thailand, indicating that foreign aid does not necessarily directly affect productivity. This result is also considered to be suitable for previous studies.\u0000\u0000JEL classification numbers: F35, O53.\u0000Keywords: Foreign Aid, Total Factor Productivity, Thailand.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116283076","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}
引用次数: 0
Foreign Aid and Productivity in Thailand 泰国的对外援助和生产力
Bulletin of Applied Economics Pub Date : 2023-03-29 DOI: 10.47260/bae/1018
Hiroaki Sakurai
{"title":"Foreign Aid and Productivity in Thailand","authors":"Hiroaki Sakurai","doi":"10.47260/bae/1018","DOIUrl":"https://doi.org/10.47260/bae/1018","url":null,"abstract":"Abstract\u0000This study examines the relationship between foreign aid and total factor productivity (TFP) in Thailand from 1972 to 2013 using the VAR model and Granger causality. While discussing the role of foreign aid in the economy of recipient countries, it is important to examine whether foreign aid contributes to the productivity of the recipient country. Estimation results do not show any evidence of a relationship between foreign aid and the TFP in Thailand, indicating that foreign aid does not necessarily directly affect productivity. This result is also considered to be suitable for previous studies.\u0000\u0000JEL classification numbers: F35, O53.\u0000Keywords: Foreign Aid, Total Factor Productivity, Thailand.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"50 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123698444","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}
引用次数: 0
Policy Series Effects on Bangladesh Readymade Garments Exportation 系列政策对孟加拉国成衣出口的影响
Bulletin of Applied Economics Pub Date : 2023-03-03 DOI: 10.47260/bae/1017
Fahmida Mostafiz, Jianqiang Sun
{"title":"Policy Series Effects on Bangladesh Readymade Garments Exportation","authors":"Fahmida Mostafiz, Jianqiang Sun","doi":"10.47260/bae/1017","DOIUrl":"https://doi.org/10.47260/bae/1017","url":null,"abstract":"Abstract\u0000This paper examines the effects of industrial policies series taken since 2005 on the ready-made garments in Bangladesh, including formation of export processing zones, taxation facility, flat-rate duty drawback facility, FDI with equity participation and so on. Difference in Differences technique is employed and a panel dataset of industrial policy and export data of 75 companies from 1991 to 2020 are used to evaluate the quantitative effects. Empirical findings show that the industrial policies have had a significant positive impact on the RMG export, and that RMG exports increase on an average 10.68% after industry policy 2005 introduced. This paper contributes by providing empirical evidence for the industrial policies effect on Bangladesh exportation.\u0000\u0000JEL Classification numbers: L52, L53, F14.\u0000Keywords: Industrial Policy, RMG industry, MFA phase out, DID.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126244400","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}
引用次数: 0
Do Remittances Promote Labor Productivity in Mexico? A DOLS and FMOLS Analysis, 1970-2017 汇款能提高墨西哥的劳动生产率吗?A DOLS和FMOLS分析,1970-2017
Bulletin of Applied Economics Pub Date : 2023-02-16 DOI: 10.47260/bae/1016
Miguel Ramírez
{"title":"Do Remittances Promote Labor Productivity in Mexico? A DOLS and FMOLS Analysis, 1970-2017","authors":"Miguel Ramírez","doi":"10.47260/bae/1016","DOIUrl":"https://doi.org/10.47260/bae/1016","url":null,"abstract":"Abstract\u0000This paper investigates the impact of remittance flows on economic output and labor productivity for Mexico during the 1970-2017 period. The findings suggest that remittance flows to Mexico have a positive and significant effect on economic output and labor productivity. The paper is organized as follows: First, it gives an overview of remittance flows in absolute terms, relative to GDP, in comparison to FDI inflows, and in terms of their regional destination. Next, the paper reviews the growing literature that assesses the impact of remittances on investment spending and economic growth. Third, to motivate the discussion of the empirical results, the paper presents a simple endogenous growth model that explicitly incorporates the potential impact of remittance flows on economic output and labor productivity. Fourth, it presents a modified empirical counterpart to the simple model that tests for unit roots and performs both a Johansen cointegration test and a Gregory and Hansen cointegration test with an endogenously determined regime shift. FMOLS and DOLS long-run estimates for the period in question suggest that remittance flows to Mexico have a positive and significant effect, albeit small, on both the levels of economic output and labor productivity. The concluding section summarizes the major results and discusses potential avenues for future research on this important topic.\u0000\u0000JEL Classification numbers: C10, F01, 010, 054.\u0000Keywords: ADF unit root test, DOLS, FDI inflows, FMOLS, Gregory-Hansen cointegration single-break test, Gross fixed capital formation, Johansen Cointegration test, KPSS no unit root test, labor productivity, and remittance flows.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-02-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125767389","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}
引用次数: 0
Global Value Chains’ Participation and Logistics Performance in Post-Soviet Economies 后苏联经济中的全球价值链参与与物流绩效
Bulletin of Applied Economics Pub Date : 2022-11-25 DOI: 10.47260/bae/1014a
Abdullaev Elbek Erkin Ugli
{"title":"Global Value Chains’ Participation and Logistics Performance in \u0000Post-Soviet Economies","authors":"Abdullaev Elbek Erkin Ugli","doi":"10.47260/bae/1014a","DOIUrl":"https://doi.org/10.47260/bae/1014a","url":null,"abstract":"Abstract\u0000\u0000Post-Soviet countries have never been analysed in the global value chain (GVC) context. Therefore, in this study, we evaluate the degree of backward participation of GVCs in the manufacturing sector of post-Soviet countries. We also examine the quantitative linkage between GVCs and host countries’ logistics performance as a service-link component. We used the UNCTAD-Eora GVC database and employed a structural gravity trade model. The results illustrate a positive correlation between GVC backward participation in manufacturing and income levels in the post-Soviet economies. The empirical estimation using the structural gravity trade model demonstrates a quantitative linkage between GVC backward participation and the logistics performance of the host country. The level of logistics performance accounts for 70–80 percent of the degree of GVC backward participation. Our findings’ major policy implication is that post-Soviet economies’ logistics performance should be improved by erasing the Soviet era’s negative legacy.\u0000\u0000JEL Codes: F12, F13, F14, O57.\u0000Keywords: Global value chains, Logistics performance, Post-Soviet countries, Manufacturing, Structural\u0000gravity trade model.","PeriodicalId":344946,"journal":{"name":"Bulletin of Applied Economics","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125273394","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}
引用次数: 0
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