{"title":"Estimating Demand for Lamb, Beef, Pork, and Poultry in Canada","authors":"Zakary Rodrigue Diakité","doi":"10.4236/tel.2024.141005","DOIUrl":"https://doi.org/10.4236/tel.2024.141005","url":null,"abstract":"This paper investigates the demand for lamb, beef, pork, and poultry in Canada, both at the national level and in disaggregated provinces, to identify meat consumption patterns in different provinces. Meat consumption plays a significant role in Canada's economy and is an important source of calories for the population. However, meat demand faces several consumption challenges due to logistic constraints, as a significant portion of the supply is imported from other countries. Therefore, there is a need for a better understanding of the causal relationships underlying lamb, beef, pork, and poultry consumption in Canada. Until recently, there have been no attempts to estimate meat consumption at the provincial level in Canada. Different Almost Ideal Demand System (AIDS) models have been applied for testing specifications to circumvent several econometric and theoretical problems. In particular, generalized AIDS and its Quadratic extension QUAIDS methods have been estimated across each province using the Iterative Linear Least Squares Estimator (ILLE) estimation Method. Weekly retail meat consumption price and quantity data from 2019 to 2022 have been used for Canada and for each province namely Quebec, Maritime provinces (New Brunswick, Nova Scotia, and Prince Edward Island), Ontario, total West (Yukon, Northwest Territory and Nunavut), Alberta, Manitoba-Saskatchewan and Manitoba as well as British Columbia. Consistent coefficients and demand elasticities estimates reveal patterns of substitution and/or complementarity between the four categories of meat. Meat consumption patterns differ across each province. Results show that the demand for the four categories of meat is responsive to price changes. Overall, lamb expenditure was found to be elastic and thus considered a luxury good during the study period, while the other three categories are considered normal goods across Canada.","PeriodicalId":493263,"journal":{"name":"Theoretical Economics Letters","volume":"18 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140445210","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}
{"title":"New Understanding of Law of Supply and Demand and Perfect Economic Competition for Effective Economic Growth and Political Systems","authors":"Revaz Lordkipanidze","doi":"10.4236/tel.2023.135063","DOIUrl":"https://doi.org/10.4236/tel.2023.135063","url":null,"abstract":"With the application of the laws of physics in economics and correcting some of the classical theoretical visions of perfect economic competition, the paper explores the possibilities of applying the results obtained in the practice of the global market and political relations. In the work, using the laws of physics, advanced technologies of medicine and other science-intensive branches of the economy, the objective laws of the market are investigated and, on this basis, conclusions are drawn to improve political relations in the modern tense world. For so needed fast effective economic growth to long strategic future, presented article researches comprehension of supply-demand and perfect competition since classical economic theory and shows, that countries with a two-party public policy system are more justice and efficient economically in international relations, than countries with one or much more than 2 parties. In re-thinking the modern clash of civilizations, the study used multifactorial methods of economic extrapolation and elements of analysis from physics and mathematics. Logically, work’s argumentations prove, that maximally productive perfect competition can operate only by possibly equal natural two poles of the market and not under the endless growth of competitors. The different models of a progressive two-party political system act in the United States and other some modern large countries, but those undemocratic imperial countries which have turned into dictatorships or chaotic conglomerations and ignored interests of also needed for progress small countries have disappeared from political life.","PeriodicalId":493263,"journal":{"name":"Theoretical Economics Letters","volume":"102 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135798915","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}
{"title":"Can ODA Enhance Economic Development? Special Research on Australian Fund for the Growth Effectiveness in Laos","authors":"Soulivanh Chansombuth","doi":"10.4236/tel.2023.135064","DOIUrl":"https://doi.org/10.4236/tel.2023.135064","url":null,"abstract":"In Laos, ODA from Australia pays over USD 40 million each year in the field of educational improvement. Australia has been assisting and promoting the economy of Laos for several decades, which establishes a good scenario of the two countries’ ties (between Australia and Laos). Firstly, the author examines the relationship between the human development index and economic growth by using a bivariate correlation testing approach of two variables as provided by Pearson and Spearman, and the use of the cointegration method by Johansen test on VECM analysis, this estimation is vital for time series data. In the final finding, there was a result to denote that, education can have a significant relation to enhance economic growth in Lao PDR. Higher education reflects higher economic development by relying on the test result of Pearson with a p-value of .02 and the Spearman test with a p-value of .049, of which the p-value was less than .05. For VECM analysis, the result showed that education in both the long and short run has a negative direction in relation to economic development, in the short run the ODA from Australia showed an opposing direction to growth, but in the long run, such ODA has a positive relation to economic growth with significance. Finally, this paper detailed Laos’ future policy on promoting investment in the field of technological development and innovation; a suitable law and regulation for technological investment should be effectively enacted for ODA in the field of educational improvement, eventually good educational people can build investment and national economic development of Laos.","PeriodicalId":493263,"journal":{"name":"Theoretical Economics Letters","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135839028","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}
{"title":"Capital Market Power and Economic Growth in an Overlapping-Generations Model with Rational Expectations","authors":"Paul Ritschel","doi":"10.4236/tel.2023.135069","DOIUrl":"https://doi.org/10.4236/tel.2023.135069","url":null,"abstract":"This paper investigates how market power of agents in the capital market affects economic growth and output fluctuations in an overlapping-generations model with endogenous capital accumulation. Agents interact strategically by anticipating the influence of their savings behavior on the equilibrium return on capital. We demonstrate that imperfect competition reduces economic growth because agents under-save relative to the competitive benchmark. Moreover, it is shown that there exists a uniquely determined Nash-equilibrium trajectory of the economy. However, this trajectory may be non-monotonic and thus differ qualitatively from the perfect-foresight trajectory in the case of perfect competition. Competitive limits can be recovered through population growth. These findings imply that competition in the capital market is an important driver of strong and smooth economic growth.","PeriodicalId":493263,"journal":{"name":"Theoretical Economics Letters","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136257092","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}
{"title":"Artificial Intelligent Applications in Enabled Banking Services: The Next Frontier of Customer Engagement in the Era of ChatGPT","authors":"Dimitra Skandali, Anastasios Magoutas, Georgios Tsourvakas","doi":"10.4236/tel.2023.135066","DOIUrl":"https://doi.org/10.4236/tel.2023.135066","url":null,"abstract":"The recent global changes in Information and Communications Technology (ICT), have demonstrated a tremendous range of technological use cases including the use of Artificial Intelligent (AI) applications (apps) for financial services. In light of the latest developments of generative AI tools such as ChatGPT, this study develops an innovative research model used for the prediction of the most significant factors influencing consumers’ willingness to accept and willingness to buy generative AI banking apps, under the theory of the Value-based Adoption Model (VAM). The authors have conducted an online survey of Greek consumers of AI banking apps using Structural Equation Modeling (SEM) to determine which variables enhance customers’ perceived value performing significant influence on AI banking apps adoption and willingness to purchase. This research found that trust and happiness are the most significant variables impacting the intention to use and buy conversational AI banking apps. The most likely outcome is the mediating role of consumers’ perceived value in willingness to accept and pay using AI banking apps. The conclusions and implications for marketing can help financial institutions augment the accuracy of the audit and advisory services, enhancing customer satisfaction and engagement and increasing bank competitiveness.","PeriodicalId":493263,"journal":{"name":"Theoretical Economics Letters","volume":"109 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136201796","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}
{"title":"Research on Voluntary Internal Audit of Irish Business","authors":"Feiyang Zhao, Zhiquan Zhao","doi":"10.4236/tel.2023.135070","DOIUrl":"https://doi.org/10.4236/tel.2023.135070","url":null,"abstract":"Internal audit provides independent assurance regarding corporate risk management, internal control, and compliance and is a crucial component of the corporate governance framework. In contrast to auditing requirements in other nations, voluntary internal auditing has become integral to management decision-making in Irish businesses. The paper examines the internal and external factors and motivations that have contributed to the adoption of voluntary audits by Irish companies, analyses the impact of voluntary internal audits on Irish companies and the current challenges they face, and suggests that domestic companies, whether listed or not, should take the initiative to introduce voluntary internal audit systems.","PeriodicalId":493263,"journal":{"name":"Theoretical Economics Letters","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136367559","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}
{"title":"Financial Ratios in Women-Owned and Men-Owned Small Firms: Evidence from Finland","authors":"Erkki K. Laitinen, Teija Laitinen","doi":"10.4236/tel.2023.135065","DOIUrl":"https://doi.org/10.4236/tel.2023.135065","url":null,"abstract":"The aim of this study is to show how the key ratios of financial statement analysis differ in companies owned by women and men. In the study, nine hypotheses are derived based on previous studies. The central starting point for the hypotheses concerning the differences in key ratios is the first hypothesis that women-owned companies are more labor-intensive than men-owned companies due to women’s personal factors. It follows from this hypothesis that the cost structures and the balance sheet structures of companies owned by women and men are different, which leads to differences in key figures. In addition to labor intensity, the derived hypotheses concern three ratios of profitability, two ratios of solvency and three ratios of liquidity. The hypotheses are tested with data consisting of 6951 women-owned and 30,916 men-owned small and medium-sized Finnish companies from the year 2020. In these companies, the owner is the global Ultimate owner (GUO) who is at the top of the company’s ownership structure. Financial ratios are compared to each other in a non-controlled situation and in a controlled situation where control variables are used. The results of the study mostly support the derived hypotheses.","PeriodicalId":493263,"journal":{"name":"Theoretical Economics Letters","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136201805","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}
{"title":"Explaining Cobb-Douglas with the New Mathematics of Inteduct","authors":"Michael Grabinski, Galiya Klinkova","doi":"10.4236/tel.2023.136077","DOIUrl":"https://doi.org/10.4236/tel.2023.136077","url":null,"abstract":"The Cobb-Douglas production function is used for around a hundred years and describes the macro economic reality very well. Though nobody doubts its validity, there is no rigorous derivation of it. Giving this derivation is done in this publication for the first time. We start with the most general version of a production function just assuming that there exists such function of an arbitrary number of variables (all possible input factors). We then make a Taylor expansion of this function still containing many variables. We then average over groups of variables via an inteduct. The groups can be e.g. labor and capital leading exactly the well-known version of the Cobb-Douglas production function. As we know how to derive this function, we also know the origin of the normally small deviations between Cobb-Douglas and the reality.","PeriodicalId":493263,"journal":{"name":"Theoretical Economics Letters","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135660478","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}
{"title":"The Role of Currency Parity in the Relationship between Foreign Debt and Economic Growth in Sub-Saharan Africa","authors":"Kone Ibouanga, Symphorien Engone Mve","doi":"10.4236/tel.2023.135073","DOIUrl":"https://doi.org/10.4236/tel.2023.135073","url":null,"abstract":"This article aims to understand to other neglected effects of foreign debt by analyzing how difference in the utilization of currency parity between sub-Saharan African (SSA) countries affects the relationship between external debt and economic growth. In this work, SSA countries were subdivided into two groups: the sample of the Former French colonies that use CFA franc, which is link to the Euro through a fixed parity (FFCs) and the Former British Colonies where each country uses his own currency with a flexible regime exchange rate (FBCs). We use a dynamic growth model with data from 11 countries of the FFCs and 15 countries of the FBCs covering 2000 to 2016. We employed the Pooled Mean Group estimation technique for both groups of countries, which is appropriated for drawing conclusions from dynamic heterogeneous panels by considering long-run equilibrium relations. The empirical evidence shows that external debt has a significant negative effect on the economic growth of the FFCs, while having a significant positive effect on the economic growth of the FBCs.","PeriodicalId":493263,"journal":{"name":"Theoretical Economics Letters","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135157340","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}
{"title":"Border Carbon Adjustment and China’s Optimal Environmental Tax: A Theoretical Analysis Based on Oligopoly Competition Model","authors":"Hongjin Xiang, Jiale Wang, Yanxiang Kuang","doi":"10.4236/tel.2023.135068","DOIUrl":"https://doi.org/10.4236/tel.2023.135068","url":null,"abstract":"A two-stage game model was established against the backdrop of border carbon adjustment imposed by foreign countries, with a focus on exploring the impact of border carbon adjustment imposed by foreign countries on the output and profits of domestic export enterprises. Besides, the decision on the optimal environmental tax in China under border carbon adjustments was further discussed. This article argues that the imposition of border carbon adjustment by foreign countries will reduce the balanced export volume and export profits of domestic export enterprises, while also increasing the profits of foreign enterprises; the decision on the optimal domestic environmental tax depends on the tax rate of border carbon adjustment imposed by foreign countries. The higher the border carbon adjustment rate imposed by foreign countries on our country, the higher the optimal domestic environmental tax rate in China. The lower the border carbon adjustment rate imposed by foreign countries on our country, the lower the optimal domestic environmental tax rate in China. Based on these conclusions, relevant policy recommendations were proposed.","PeriodicalId":493263,"journal":{"name":"Theoretical Economics Letters","volume":"116 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136203574","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}