Technological and Economic Development of Economy最新文献_第2页

INVESTIGATING THE EFFECTS OF COVID-19 ON TOURISM IN THE G7 COUNTRIES 调查 COVID-19 对 G7 国家旅游业的影响

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-06-03 DOI: 10.3846/tede.2024.20821

H. Komasi, Alireza Nemati, Sarfaraz Hashemkhani Zolfani, Nigel L Williams, Ramin Bazrafshan

{"title":"INVESTIGATING THE EFFECTS OF COVID-19 ON TOURISM IN THE G7 COUNTRIES","authors":"H. Komasi, Alireza Nemati, Sarfaraz Hashemkhani Zolfani, Nigel L Williams, Ramin Bazrafshan","doi":"10.3846/tede.2024.20821","DOIUrl":"https://doi.org/10.3846/tede.2024.20821","url":null,"abstract":"Natural and human-made crises can significantly impact the development of countries’ tourism industries. The susceptibility of countries to these crises depends on their policies, planning, and management in facing diverse challenges. This article aims to investigate the effects of the COVID-19 pandemic on the tourism industry in G7 countries by comparing rankings and positions on indices in 2016 and 2020. Data collected from the RANking COMparison (RANCOM), Proximity Indexed Value (PIV), and Double Normalization Compromise Ranking of Alternatives from Distance to Ideal Solution (DNCRADIS) models have been utilized for data analysis. The research findings indicate noticeable differences in using different models, as the rankings and positions of G7 countries for the years 2016 and 2020, except for two countries, the United States and France, have been different. The research results demonstrate that the COVID-19 crisis had significant impacts on the tourism industries of G7 countries. Countries like the United States, France, and the United Kingdom appear as leading nations in the tourism industry, while Japan and Canada faced challenges, and Germany and Italy experienced changes in their positions. Based on these results, officials and planners in the tourism industry of G7 countries can make appropriate decisions for the development and improvement of tourism under similar crisis conditions. Moreover, these findings can serve as a valuable guide for other countries in managing similar crises in the tourism industry.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2024-06-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141271973","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

SUSTAINABLE DIGITAL TRANSFORMATION: THE NEXUS BETWEEN ICT AND GLOBAL GREEN ECONOMIC GROWTH 可持续的数字化转型：信息技术与全球绿色经济增长之间的关系

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-05-20 DOI: 10.3846/tede.2024.21050

Yiwen Li, Xia Li, Xiaojuan Wang, Chao Feng

引用次数: 0

BITCOIN PRICE AND CHINESE GREEN BONDS: EVIDENCE FROM THE QARDL METHOD 比特币价格与中国绿色债券：来自 QARDL 方法的证据

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-05-20 DOI: 10.3846/tede.2024.21100

Kai-Hua Wang, Cui-Ping Wen, Ze-Zhong Zhang, Meng Qin, Tsangyao Chang

{"title":"BITCOIN PRICE AND CHINESE GREEN BONDS: EVIDENCE FROM THE QARDL METHOD","authors":"Kai-Hua Wang, Cui-Ping Wen, Ze-Zhong Zhang, Meng Qin, Tsangyao Chang","doi":"10.3846/tede.2024.21100","DOIUrl":"https://doi.org/10.3846/tede.2024.21100","url":null,"abstract":"This article primally explores the short-term fluctuation and long-term implications of the international Bitcoin price (BP) on the Chinese green bond (GB) market, within the sample period of 2014:M10–2023:M07. Bitcoin is the most important cryptocurrency and has a carbon-intensive feature, and its price suffers from great volatility and is closely related to the green finance market. Meanwhile, although China is the largest bitcoin mining state, it is pursuing a dual carbon target, which promotes its green bond market’s development. Thus, it is valuable to investigate the influence of BP on GBs in China. Based on the quantile autoregressive distributed lag approach, this paper indicates that the positive and negative impacts of BP on the GB market are significant in the long-term but not apparent in the short-term. These results emphasize the importance for market participants to obtain a better understanding of how BP affects GB under various market circumstances. Implementing specific policies, such as regulatory mechanisms for Bitcoin trade, market-oriented reform for the bond market, and information disclosure, can alleviate shocks from BP and accelerate the development of the GB market.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2024-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141122062","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

A MODEL FOR CONSTRUCTION SECTOR DEVELOPMENT IN MIDDLE-INCOME SUB-SAHARAN AFRICAN COUNTRIES 撒哈拉以南非洲中等收入国家建筑业发展模式

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-05-17 DOI: 10.3846/tede.2024.21453

Jorge Lopes, Nerija Banaitienė

{"title":"A MODEL FOR CONSTRUCTION SECTOR DEVELOPMENT IN MIDDLE-INCOME SUB-SAHARAN AFRICAN COUNTRIES","authors":"Jorge Lopes, Nerija Banaitienė","doi":"10.3846/tede.2024.21453","DOIUrl":"https://doi.org/10.3846/tede.2024.21453","url":null,"abstract":"Buildings and other constructed facilities form the essential framework of a country’s physical and economic infrastructure. Construction serves as a key capital input to production, driving economic growth and wealth generation. This impact can be particularly transformative in low-to-middle-income countries. Physical infrastructure, including construction, is a powerful engine of economic growth and is closely related to national economic performance. However, not all studies agree with the commonly held belief that construction investment has a positive impact on economic growth, particularly concerning the amount of investment and the relationship between construction investment and economic growth. So far, cross-country studies dealing with the construction sector-economic growth relationship have used indicators of national output and construction that are not strictly comparable between countries. This article reviews the main strands of the literature on the role that the construction sector plays in the national economy and economic development. It also uses novel data drawn from the “capital file” of the PENN World Table (version 10.1) to assess the development pattern of the construction sector in two groups of sub-Saharan African (SSA) countries on the middle-income status of economic development, for the period between 1990 and 2019. The study reveals that construction shares, measured as the proportion of gross fixed capital formation attributable to construction in the gross domestic product, revolve around a norm determined by the level of built assets preceding the reference period. The results of the study could have policy implications for the economic sustainability of the construction industry in SSA.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2024-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140964372","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

DIGITALIZATION AND THE “TOO BIG TO FAIL” DILEMMA: MECHANISMS AND ASYMMETRIC EFFECTS OF BANKS’ FINTECH INNOVATION ON TOTAL FACTOR PRODUCTIVITY 数字化与 "大而不能倒 "的困境：银行金融科技创新对全要素生产率的机制和非对称效应

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-05-09 DOI: 10.3846/tede.2024.21299

Chengming Li, Yuan Zhang, Hongwei Yu

{"title":"DIGITALIZATION AND THE “TOO BIG TO FAIL” DILEMMA: MECHANISMS AND ASYMMETRIC EFFECTS OF BANKS’ FINTECH INNOVATION ON TOTAL FACTOR PRODUCTIVITY","authors":"Chengming Li, Yuan Zhang, Hongwei Yu","doi":"10.3846/tede.2024.21299","DOIUrl":"https://doi.org/10.3846/tede.2024.21299","url":null,"abstract":"Fintech is driving the revolution of finance and profoundly affecting the development of the financial sector. However, few studies examined how commercial banks’ fintech innovation affects total factor productivity (TFP). To build up the fintech index of commercial banks, we use web crawler technology to accumulate news related to the fintech innovation of commercial banks in Baidu news. We use the panel data of 72 banks in China from 2010 to 2020 to explore the impacts and mechanisms of fintech on commercial banks’ TFP. The results show that fintech innovation effectively improves TFP after a series of robustness tests. Further, we find that fintech innovation can improve commercial banks’ TFP by promoting innovations of financial products, increasing risk control capability, reducing cost, and improving profit. Also, the utility of fintech is more significant in banks with more assets, facilities, and human capital, which means that fintech innovation creates a “bigger is better” mindset. Meanwhile, the result of quantile regression shows that the higher the fintech innovation, the more significant the increase in TFP, which further reveals that there is ‘too big to fail’ among commercial banks under digitalization.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2024-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140996241","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

CIRCULAR ECONOMY AND FUZZY SET THEORY: A BIBLIOMETRIC AND SYSTEMATIC REVIEW BASED ON INDUSTRY 4.0 TECHNOLOGIES PERSPECTIVE 循环经济和模糊集理论：基于工业 4.0 技术视角的文献计量学和系统综述

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-05-09 DOI: 10.3846/tede.2024.20286

Xunjie Gou, Xinru Xu, Zeshui Xu, M. Škare

{"title":"CIRCULAR ECONOMY AND FUZZY SET THEORY: A BIBLIOMETRIC AND SYSTEMATIC REVIEW BASED ON INDUSTRY 4.0 TECHNOLOGIES PERSPECTIVE","authors":"Xunjie Gou, Xinru Xu, Zeshui Xu, M. Škare","doi":"10.3846/tede.2024.20286","DOIUrl":"https://doi.org/10.3846/tede.2024.20286","url":null,"abstract":"The Circular Economy (CE) is receiving more attention, especially in Industry 4.0 (I4.0). In the face of several ambiguous and uncertain information, fuzzy techniques based on Fuzzy Set Theory (FST) are essential for developing CE strategies. This paper uses bibliometric methods to analyze the characteristics of the authors, nations/regions, institutions of the literature of FST and CE, and the collaborations relations between them, and then summarize the literature on fuzzy techniques in the CE and identify the specific role that FST can play in each stage of CE, its primary effects on the CE’s pre-preparation stage, design and production stage, and recycling and reuse stage. Meanwhile, the paper explores the advantages of I4.0 technologies for CE and analyzes the research on the role of fuzzy techniques based on FST for CE and I4.0 technologies. Last but not least, this paper is concluded by summarizing the knowledge gained from the bibliometric and content analyses of the literature and suggesting further research directions of investigation. This research will draw attention to FST’s contribution and encourage its advancement in CE and I4.0 technologies.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2024-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140996273","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

GLOBAL PATTERNS AND EXTREME EVENTS IN SOVEREIGN RISK PREMIA: A FUZZY S DEEP LEARNING COMPARATIVE 主权风险溢价的全球模式和极端事件：模糊和深度学习比较

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-04-17 DOI: 10.3846/tede.2024.20488

D. Alaminos, M. B. Salas, M. A. Fernández-Gámez

{"title":"GLOBAL PATTERNS AND EXTREME EVENTS IN SOVEREIGN RISK PREMIA: A FUZZY S DEEP LEARNING COMPARATIVE","authors":"D. Alaminos, M. B. Salas, M. A. Fernández-Gámez","doi":"10.3846/tede.2024.20488","DOIUrl":"https://doi.org/10.3846/tede.2024.20488","url":null,"abstract":"Investment in foreign countries has become more common nowadays and this implies that there may be risks inherent to these investments, being the sovereign risk premium the measure of such risk. Many studies have examined the behaviour of the sovereign risk premium, nevertheless, there are limitations to the current models and the literature calls for further investigation of the issue as behavioural factors are necessary to analyse the investor’s risk perception. In addition, the methodology widely used in previous research is the regression model, and the literature shows it as scarce yet. This study provides a model for a new of the drivers of the government risk premia in developing countries and developed countries, comparing Fuzzy methods such as Fuzzy Decision Trees, Fuzzy Rough Nearest Neighbour, Neuro-Fuzzy Approach, with Deep Learning procedures such as Deep Recurrent Convolution Neural Network, Deep Neural Decision Trees, Deep Learning Linear Support Vector Machines. Our models have a large effect on the suitability of macroeconomic policy in the face of foreign investment risks by delivering instruments that contribute to bringing about financial stability at the global level.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2024-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140693093","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

ON WHICH SOCIOECONOMIC GROUPS DO REVERSE MORTGAGES HAVE THE GREATEST IMPACT? EVIDENCE FROM SPAIN 反向抵押贷款对哪些社会经济群体影响最大？西班牙的证据

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-04-17 DOI: 10.3846/tede.2024.21138

Eva Boj, M. M. Claramunt, Xavier Varea

{"title":"ON WHICH SOCIOECONOMIC GROUPS DO REVERSE MORTGAGES HAVE THE GREATEST IMPACT? EVIDENCE FROM SPAIN","authors":"Eva Boj, M. M. Claramunt, Xavier Varea","doi":"10.3846/tede.2024.21138","DOIUrl":"https://doi.org/10.3846/tede.2024.21138","url":null,"abstract":"Reverse mortgage is one of the products (perhaps the main one) that is good to obtain additional income by using the habitual residence as collateral. The main objective of this paper is to analyse the effects that reverse mortgage contracting has on household finances over the lifetime of a family according to the socioeconomic group to which it belongs in Spain. Four indicators are employed to measure the immediate and long-term effects. We use a stochastic model with a double source of randomness, survival and entry into dependency, and apply it to the three socioeconomic groups obtained with cluster methodology from the 2017 Spanish Household Financial Survey data. We conclude that the effects are very different depending on the group: regarding only the effects of hiring a reverse mortgage on the income of the family, widowed women aged between 81 and 85 years, with low income and expenses as well as little net wealth, and a habitual residence that represents half of her net wealth (Cluster 1) are the most benefited; considering that the highest impact indicators are on the probability of illiquidity and on the value of lack of liquidity, the use of reverse mortgages benefits more the families in Cluster 3 (high income and expenses and really high net wealth, head of household aged between 76 and 80 years) and less the families in Cluster 2 (medium income, net wealth and expenses, head of household aged between 65 and 75 years).","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2024-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140693884","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 TECHNOLOGICAL PROGRESS PROMOTE OR PREVENT TRADE CONFLICT? EVIDENCE FROM CHINA 技术进步是促进还是防止贸易冲突？来自中国的证据

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-03-22 DOI: 10.3846/tede.2024.18691

Qian Zhao, Chi-Wei Su, Adelina Dumitrescu Peculea

引用次数: 0

SOCIAL RESPONSIBILITY OF GREEN MICROFINANCE INSTITUTIONS: A TOOL FOR PROMOTING WOMEN’S ECONOMIC EMPOWERMENT IN CHINA 绿色小额信贷机构的社会责任：促进中国妇女经济赋权的工具

IF 5.9 2区经济学

Technological and Economic Development of Economy Pub Date : 2024-03-18 DOI: 10.3846/tede.2024.20781

Jiuzheng Pei

{"title":"SOCIAL RESPONSIBILITY OF GREEN MICROFINANCE INSTITUTIONS: A TOOL FOR PROMOTING WOMEN’S ECONOMIC EMPOWERMENT IN CHINA","authors":"Jiuzheng Pei","doi":"10.3846/tede.2024.20781","DOIUrl":"https://doi.org/10.3846/tede.2024.20781","url":null,"abstract":"Economic freedom has central importance among the nations, however, Chinese economic freedom index declining continuously, leading to the several issues. Particularly, economic freedom is low among the Chinese female population. The world average of economic freedom index in 2022 based on 175 countries is 60 index points, but the Chinese index is 48. To address this issue, this study introduced green microfinance institutions based on Mayoux’s Feminist Empowerment Theory. The objective of this study is to examine the role of green microfinance institutions in women economic freedom in China. A survey questionnaire is used to collect data from female clients of microfinance institutions. 315 respondents responded to the survey and data analysis is carried out by using Structural Equation Modeling (SEM). Results of the study identified that, green microfinance institution’s services such as credit and insurance can facilitate green micro enterprises. The promotion of green micro enterprises causes to increase women economic security, leading to the economic freedom. Additionally, green microfinance policy is a critical factor to promote the positive relationship between green microfinance institution’s services and women economic freedom. Findings of this are helpful for the practitioners to increase women economic freedom in China by providing various services of green microfinance institutions.","PeriodicalId":51460,"journal":{"name":"Technological and Economic Development of Economy","volume":null,"pages":null},"PeriodicalIF":5.9,"publicationDate":"2024-03-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140233461","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