Technological and Economic Development of Economy最新文献

THE IMPACT OF GOVERNANCE STRUCTURES ON ECONOMIC GROWTH IN AFRICA: A PANEL DATA ANALYSIS OF 47 AFRICAN COUNTRIES 治理结构对非洲经济增长的影响：对 47 个非洲国家的面板数据分析

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2023-12-07 DOI: 10.3846/tede.2023.20394

S. Appiah-Kubi, K. Malec, Joseph Phiri, Mansoor Maitah, S. Kotaskova, Jiri Mach, J. Sirohi

{"title":"THE IMPACT OF GOVERNANCE STRUCTURES ON ECONOMIC GROWTH IN AFRICA: A PANEL DATA ANALYSIS OF 47 AFRICAN COUNTRIES","authors":"S. Appiah-Kubi, K. Malec, Joseph Phiri, Mansoor Maitah, S. Kotaskova, Jiri Mach, J. Sirohi","doi":"10.3846/tede.2023.20394","DOIUrl":"https://doi.org/10.3846/tede.2023.20394","url":null,"abstract":"Major international institutions like the World Bank, African Union, and International Monetary Fund have made the development of robust governance systems a “sacred utterance” since the 1990s. Our study aimed to refute this common thinking by examining how governance structures have affected the expansion of the financial market in 47 African countries from 2008 to 2019. Using the availability of venture capital as a proxy for financial market development, our article departed from existing literature which used stock exchange characteristics as benchmarks for growth in the financial market. The governance variables comprise the six global governance indices: control of corruption, government effectiveness, political stability, regulatory quality, the rule of law, and voice and accountability. The model’s control variables include GDP per capita, inflation, and trade openness. Our finding suggests that a great quality governance climate is significant in explaining the growth of the financial market in Africa using the generalized method of moments (GMM) methodological approach with corrected standard errors. Considering these findings, our research makes the case that solid institutional frameworks might encourage the degree of financial systems growth in Africa. Therefore, the financial development rate in the African region will be significantly influenced by improving the quality of governance through strengthening legal and institutional frameworks to facilitate financial inclusion.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"38 4","pages":""},"PeriodicalIF":5.9,"publicationDate":"2023-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138592422","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}

引用次数: 0

CREATIVE ECONOMY: SUPPORT OF CREATIVE HUBS BY THE PUBLIC SECTOR IN THE URBAN ENVIRONMENT 创意经济：公共部门支持城市环境中的创意中心

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2023-12-07 DOI: 10.3846/tede.2023.20136

M. Chaloupková, Josef Kunc, Jaroslav Koutský

{"title":"CREATIVE ECONOMY: SUPPORT OF CREATIVE HUBS BY THE PUBLIC SECTOR IN THE URBAN ENVIRONMENT","authors":"M. Chaloupková, Josef Kunc, Jaroslav Koutský","doi":"10.3846/tede.2023.20136","DOIUrl":"https://doi.org/10.3846/tede.2023.20136","url":null,"abstract":"Creative hubs are institutional organization of newly emerging creative industries. Economic activities associated with creative industries are very often business-oriented and strongly independent. However, there are often needs for public sector. The aim of paper is to analyze the situation in the Czech Republic and assess the involvement and benefits of the public sector towards the support of these business activities. Methodologically, the work is based on several approaches. Primarily, a database of Czech creative hubs was created as part of desk research. This was followed by quantitative questionnaire survey with representatives of creative hubs and qualitative research in the form of structured interviews with representatives of hubs and the public sector. It was found that without public finances and interest, Czech creative hubs cannot function in the long term. Financial support is therefore the most common form of public support. The main strength of hubs lies in the built community of members, offered services and networking. Conversely, the main weakness is the inability to secure sufficient funds and sponsors. Although public sector cooperation in the Czech Republic is still limited, many public representatives are beginning to realize the benefits of the creative economy and gradually implement it into policies.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"6 7","pages":""},"PeriodicalIF":5.9,"publicationDate":"2023-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138592594","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}

引用次数: 0

APPLICATIONS OF SOCIAL NETWORK ANALYSIS IN PROMOTING CIRCULAR ECONOMY: A LITERATURE REVIEW 社会网络分析在促进循环经济中的应用：文献综述

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2023-11-28 DOI: 10.3846/tede.2023.20104

Huchang Liao, Zheng Wu, Fan Liu, Chonghui Zhang

{"title":"APPLICATIONS OF SOCIAL NETWORK ANALYSIS IN PROMOTING CIRCULAR ECONOMY: A LITERATURE REVIEW","authors":"Huchang Liao, Zheng Wu, Fan Liu, Chonghui Zhang","doi":"10.3846/tede.2023.20104","DOIUrl":"https://doi.org/10.3846/tede.2023.20104","url":null,"abstract":"Circular economy (CE) is a sustainable alternative to tackle global challenges like climate change, waste, and pollution. The relations, perceptions and behaviors of stakeholders in circular economic activities may form barriers that hinder the circular transition. The promotion of CE requires investigating the interactions and information flow between CE stakeholders from a network perspective. This study revisits the applications of social network analysis (SNA) in promoting CE. Related concepts of CE and the research contents of SNA are reviewed. A bibliometric analysis is conducted to provide a bird’s eye on the research status and trend. On this basis, we summarize the challenges of promoting CE and refine specific problems, around which we review the research status of network modeling methods and statistical measures, information diffusion models, mining methods of perceptions, and social influence analysis. This study outlines the pathways through which SNA contributes to promoting CE, such as through revealing the relational structure and characteristics of stakeholders, forming and changing perceptions of stakeholders, improving behaviors of stakeholders, and examining the development of CE. The lessons learned from the review and future prospects are extensively discussed in combination with the features of the information age from both theoretical and practical perspectives.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"226 1","pages":""},"PeriodicalIF":5.9,"publicationDate":"2023-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139226689","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}

引用次数: 0

DOES MICROFINANCING, FINANCIAL INCLUSION, AND EDUCATIONAL LOANS ALLEVIATE POVERTY AND INEQUALITY: EVIDENCE FROM VIETNAM 小额融资、金融普惠和教育贷款能否减轻贫困和不平等：越南的证据

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2023-11-21 DOI: 10.3846/tede.2023.20348

T. K. Tran

引用次数: 0

CHINA’S HIGH-QUALITY INNOVATION DEVELOPMENT FROM AN INSTITUTIONAL PERSPECTIVE: REGIONAL DIFFERENCES AND CONVERGENCE 制度视角下的中国高质量创新发展：地区差异与趋同

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2023-11-14 DOI: 10.3846/tede.2023.20214

Ken Cheng, Hongwen Chen, Fan Zhang, Meiyang Zhang

{"title":"CHINA’S HIGH-QUALITY INNOVATION DEVELOPMENT FROM AN INSTITUTIONAL PERSPECTIVE: REGIONAL DIFFERENCES AND CONVERGENCE","authors":"Ken Cheng, Hongwen Chen, Fan Zhang, Meiyang Zhang","doi":"10.3846/tede.2023.20214","DOIUrl":"https://doi.org/10.3846/tede.2023.20214","url":null,"abstract":"High-quality innovation is an inevitable requirement for high-quality economic development, and an accurate grasp of the regional distribution characteristics of the level of high-quality innovation development (HQID) can better understand and simulate high-quality innovation. This paper constructs a dataset of high-value inventions based on the Chinese patent database using textual analysis methods and the criteria for High-Quality Inventions proposed by the State Intellectual Property Office, and explores inter-provincial variability and convergence by using the Theil index, convergence, and convergence. This paper finds that High-Quality Inventions are significantly and positively correlated with various indicators measuring the quality and value of patents. In general, the overall level of HQID is on an upward trend with clear differences among provinces, which shows a regional unbalanced but overall rapid development. From the regional differences of HQID, the regional differences of HQID have been narrowed, mainly within the region. In terms of the convergence of HQID, convergence, absolute convergence, conditional convergence, and club convergence exist nationally and within each region, which indicates that the gap between the national and regional levels of HQID has been narrowing over time. HQID has a positive promotion effect on the relationship between HQID and economic growth, economic growth rate, and total factor productivity. High-quality innovation can improve the quality of input factors, cultivate new dynamic energy for economic development, and then promote high-quality economic development. In the context of the shift of IP work from pursuing quantity to improving quality, the scientific understanding of high-quality innovation, the development status, and the differences of regional innovation high-quality development is of great significance for improving innovation quality and efficiency, and effectively supporting high-quality economic development.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":"339 3","pages":""},"PeriodicalIF":5.9,"publicationDate":"2023-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139277831","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}

引用次数: 0

THE SOCIETY’S ATTITUDE TOWARD 5G TECHNOLOGIES – A CASE STUDY OF POLAND 社会对5g技术的态度——以波兰为例

2区经济学

Technological and Economic Development of Economy Pub Date : 2023-11-07 DOI: 10.3846/tede.2023.20157

Joanna Ejdys, Urszula Soler

{"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}

引用次数: 0

VALUATION OF REVERSE MORTGAGES IN THE SPANISH MARKET FOR FOREIGN RESIDENTS 西班牙市场对外国居民的反向抵押贷款估值

2区经济学

Technological and Economic Development of Economy Pub Date : 2023-10-31 DOI: 10.3846/tede.2023.20159

David Atance, Ana Debón, Iván De La Fuente

{"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}

引用次数: 0

EFFECT OF CSR IMPLEMENTATION AND CRISIS EVENTS IN BUSINESS ON THE FINANCIAL MANAGEMENT OF SMES 企业社会责任实施与企业危机事件对中小企业财务管理的影响

2区经济学

Technological and Economic Development of Economy Pub Date : 2023-09-19 DOI: 10.3846/tede.2023.19821

Ján Dvorský, Ilona Švihlíková, Ľudmila Kozubíková, Katarína Frajtova Michalíková, Adam P. Balcerzak

{"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}

引用次数: 4

INSTITUTIONAL QUALITY, INCOME LEVEL, AND DEBT SUSTAINABILITY: NEW EVIDENCE USING DYNAMIC PANEL THRESHOLD REGRESSION 制度质量、收入水平和债务可持续性:使用动态面板阈值回归的新证据

2区经济学

Technological and Economic Development of Economy Pub Date : 2023-09-19 DOI: 10.3846/tede.2023.19247

Chee Loong Lee, Riayati Ahmad, Zulkefly Abdul Karim, Norlin Khalid

{"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}

引用次数: 0

THE IMPACT OF ENVIRONMENTAL TAXES ON TRANSPORTATION AND STORAGE ENTERPRISES’ DEVELOPMENT – THE CASE OF BALKAN COUNTRIES 环境税对运输和储存企业发展的影响- -以巴尔干国家为例

2区经济学

Technological and Economic Development of Economy Pub Date : 2023-09-19 DOI: 10.3846/tede.2023.19531

Adam Sadowski, Anna Misztal, Magdalena Kowalska, Ryszard Jędrzejczak, Per Engelseth, Andrzej Bujak, Beata Skowron-Grabowska

{"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}

引用次数: 0