• Title/Summary/Keyword: Economic growth model

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Motives for Participating in Sharing Economy: Intentions to Use Car Sharing Services

  • Joo, Jae-Hun
    • Journal of Distribution Science
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    • v.15 no.2
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    • pp.21-26
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    • 2017
  • Purpose - Sharing economy is a promising research topic as a complementary approach for solving difficult issues resulting from market economy. Motive factors for consumer participation in sharing economy are necessary to facilitate the growth of sharing economy. This study analyzes motives for participating in sharing economy using samples from a car sharing service in South Korea. Research design, data, and methodology - Four hypotheses drawn from a new research model integrating the relationships between economic and social value, social value, and the intention to use sharing economy services were proposed. 292 valid samples were collected from Socar users in South Korea. Multiple regression analysis was employed to test the hypotheses. Results - An empirical study identified the importance of convenience and time savings as determinants of intention to use continuously a car sharing service. Cost savings and social value did not significantly influence the intention to use car sharing service. Conclusions - The present study implies that managers working in sharing economy don't have to miss a role of convenience. Although a new finding implies that convenience is an important factor influencing car sharing service, the present study has a limitation of generality that samples are mostly collected from the age range of 20 to 30 years.

Carbon dioxide emissions, GDP per capita, industrialization and population: An evidence from Rwanda

  • Asumadu-Sarkodie, Samuel;Owusu, Phebe Asantewaa
    • Environmental Engineering Research
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    • v.22 no.1
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    • pp.116-124
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    • 2017
  • The study makes an attempt to investigate the causal nexus between carbon dioxide emissions, GDP per capita, industrialization and population with an evidence from Rwanda by employing a time series data spanning from 1965 to 2011 using the autoregressive distributed lag model. Evidence from the study shows that carbon dioxide emissions, GDP per capita, industrialization and population are co-integrated and have a long-run equilibrium relationship. Evidence from the Granger-causality shows a unidirectional causality running from industrialization to GDP per capita, population to carbon dioxide emissions, population to GDP per capita and population to industrialization. Evidence from the long-run elasticities has policy implications for Rwanda; a 1% increase in GDP per capita will decrease carbon dioxide emissions by 1.45%, while a 1% increase in industrialization will increase carbon dioxide emissions by 1.64% in the long-run. Increasing economic growth in Rwanda will therefore reduce environmental pollution in the long-run which appears to support the validity of the environmental Kuznets curve hypothesis. However, industrialization leads to more emissions of carbon dioxide, which reduces environment, health and air quality. It is noteworthy that the Rwandan Government promotes sustainable industrialization, which improves the use of clean and environmentally sound raw materials, industrial process and technologies.

Determinants of Intra-Industry Trade between Vietnam and Countries in TPP

  • NGUYEN, Ha Minh;QUAN, Binh Quoc Minh;LE, Huong Van;TRAN, Thinh Van
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.1
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    • pp.123-129
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    • 2020
  • Intra-industry trade (IIT) has played an important role in international trade of Vietnam as a result of rapid growth of the country. This article investigates the level of IIT between Vietnam and 11 trading partners in Trans-Pacific Partnership (TPP) over the period 2000-2014. Although there have been a large number of empirical researches contributed to the determinants of IIT, most of them only pay attention on developed countries where the trade flows are similar due to similar demand structure and production technology. Until now, there is no study on intra-industry trade between Vietnam and countries in TPP that Vietnam recently signed a trade agreement in early 2016. IIT is measured by the Grubel-Lloyd index. The index shows that the extent of intra-industry trade between Vietnam and the trading countries is not high due to the level of economic development and the market size. The determinants of IIT are examined using a panel regression model. In the empirical analysis, the results indicate that Vietnam's intra-industry trade is positively correlated with country size, while it is negatively correlated with income dissimilarity, the trade openness, and geographical distance. This study contributes to the new theoretical trade theory on the evidence of developing country's IIT.

Is Expansionary Fiscal and Monetary Policy Effective in Australia?

  • HSING, Yu
    • Asian Journal of Business Environment
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    • v.9 no.3
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    • pp.5-9
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    • 2019
  • Purpose - This paper examines whether fiscal and monetary expansion would affect output in Australia. Research design, data, and methodology - An extended IS-LM model which describes the equilibrium in the goods market and the money market is applied. The real effective exchange rate and the real stock price are included in order to determine whether there may be any substitution or wealth effect. The sample consists of Annual data ranging from 1990 to 2018. The GARCH process is used in empirical work to correct for potential autoregressive conditional heteroscedasticity. Results - Expansionary fiscal policy reduces output; whereas, expansionary monetary policy raises output. In addition, real appreciation of the Australian dollar, a lower U.S. interest rate, a higher real stock price or a lower expected inflation would increase output. The finding that expansionary fiscal policy has a negative impact on real GDP suggests that the negative crowding-out effect on private spending dominates the positive impact. Conclusions - Fiscal prudence needs to be pursued. Real depreciation of the Australian dollar hurts output. Monetary tightening in the U.S. generates a negative effect on Australia's output. A healthy stock market is conducive to economic growth as higher stock prices tend to result in the wealth and other positive effects, increasing consumption and business spending.

The role of nuclear energy in the correction of environmental pollution: Evidence from Pakistan

  • Mahmood, Nasir;Danish, Danish;Wang, Zhaohua;Zhang, Bin
    • Nuclear Engineering and Technology
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    • v.52 no.6
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    • pp.1327-1333
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    • 2020
  • The global warming phenomenon emerges from the issue of climate change, which attracts the attention of intellectuals towards clean energy sources from dirty energy sources. Among clean sources, nuclear energy is getting immense attention among policymakers. However, the role of nuclear energy in pollution emissions reduction has remained inconclusive and demand for further investigation. Therefore, the current study contributes to extend knowledge by investigating the nexus between nuclear energy, economic growth, and CO2 emissions in a developing country context such as Pakistan for the period between 1973 and 2017. The auto-regressive distributive lag model summarizes the nuclear energy has negative effect on environmental pollution as it releases carbon emission in the environment. Moreover, vector error correction Granger causality provides evidence for bidirectional causality between nuclear energy and carbon emissions. These interesting findings provide new insight, and policy guidelines provided based on these results.

A Study on the BIM based architectural design process for APT. competition (공동주택 현상설계의 BIM 프로세스 적용 방안에 관한 연구)

  • Lee, Kwang-Soo;Min, Young-Gi;Kim, Myoung-Keun;Koh, In-Lyong
    • Journal of The Korean Digital Architecture Interior Association
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    • v.11 no.3
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    • pp.89-97
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    • 2011
  • Accelerating economic growth since the 1960s, penetration rate of the House of Commons has been increased. However, design competition has been imposed for improve of the qualitative level in modern because it was quantitative increasing. Even though its design quality is improved by introducing design competition, distorting the design is increased for the purpose of election. For that reason, errors of information and design changes are increased. So BIM(Building Information Modeling) is adopted to solve the problems. In this study, BIM process on the basis of the existing design process was to clean up and LoI(Level Of Information) based on the level of information was newly defined. Working-level of the design competition is plan-basic design. LOI level is LOI1-LOI2 in plan and Lol3-LOI4 in basic design. At each step of the operation was to clean up the level of detail and content. Also exchange of data in each area and feedback about content are to clean up.

Response of the elderly living in detached housing area to congregate elderly housing (단독주택지역 거주 노인의 노인집합주거대안에 관한 반응 연구 - 광주 광역시 양림동 노인대상 소규모 워크샵 연구 -)

  • Lee, Hee-Jin;Lee, Yeun-Sook;Park, Hye-Yeun;Lim, Chae-Suk
    • Proceeding of Spring/Autumn Annual Conference of KHA
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    • 2008.11a
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    • pp.108-111
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    • 2008
  • South Korea, which has seen economic growth at a rapid pace and the number of the old people on the rise, is facing challenges, including social problems resulting from the aged society, lack of work force supporting the elderly and needs of renewing residential environment for them. The old people in the process of senility are forced to experience a wide range of physical, mental and social difficulties and problems when they are living in existing houses. This study was conduced with a sample group consisting of the elderly who were living in detached places of multiplex houses and a plane which was developed as a tool for a workshop, the one that is a collective residence model, also known as one of an alternative housing for the old in the future. This study finds that in order to get rid of negative images of the collective residence for the old, residence surroundings for the aged should be created not as uniform space formation but as aging-in-place, and specifically, considering that the quality of life for the aged remains to continue is needed. Findings can be a reference to create ideas of developing residential environment for the aged.

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Study on Reorganization of the Functional Hierarchy of Arterial Road in CBD : Seomyeon Area in Pusan Metropolitan City (도심부 도로 기능별 위계 재편에 관한 연구 : 부산광역시 서면 도심을 중심으로)

  • Roh, You-Jin;Ko, sang-sun;Bae, sang-hoon
    • International Journal of Highway Engineering
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    • v.19 no.6
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    • pp.155-164
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    • 2017
  • PURPOSES : Owing to the growth of income and socio-economic levels, demands from road users have diversified. Accordingly, new road policies are being actively sought. The metropolitan city government of Busan has been focused on constructing and expanding roads to accommodate the increasing traffic demand. Given the increase in functional characteristics, we need to re-evaluate the hierarchy and function of roads, and specifically remodel the road planning and operations that fit into their functions. METHODS : First, this study focuses on introducing the minimum condition required to redefine the hierarchy of the roads. Second, the authors propose a new model that identifies the impact level of road hierarchy adopting discriminated analysis technique. RESULTS : Authors suggest that we redefine the hierarchy of roads in the central business distinct in Busan, and specifically the arterial roads in Busan, namely, Joonang-daero and Gaya-ro. These roads need to be reequipped with cross walks, a lower speed limit, and exclusive bus lanes to improve their accessibility. CONCLUSIONS : The authors found that the sub-arterial and collector roads have been subjected to excessive loads, owing to inappropriate functions being assigned to the main arterial road. Moreover, given that through traffic is concentrated on the sub-arterial and collector roads, over-speeding and other safety issues are consequently created.

Is Real Appreciation or More Government Debt Contractionary? The Case of the Philippines

  • Hsing, Yu;Morgan, Yun-Chen
    • East Asian Journal of Business Economics (EAJBE)
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    • v.4 no.4
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    • pp.1-7
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    • 2016
  • This paper has studied the impacts of the exchange rate, government debt as a percent of GDP and other relevant macroeconomic variables on aggregate output in the Philippines. A simultaneous-equation model consisting of aggregate demand and short-run aggregate supply is applied. The dummy variable technique is employed to detect whether the slope and intercept of the real effective exchange rate may have changed. Real depreciation during 1998.Q1 - 2006.Q3, real appreciation during 2006.Q4 - 2016.Q1, a lower domestic debt as a percent of GDP, a lower real interest rate, a higher stock price or a higher lagged real oil price would raise aggregate output. Recent trends of real peso appreciation, declining domestic debt as a percent of GDP, lower real interest rates, and rising stock prices are in line with the empirical results and would promote economic growth. The authorities may need to continue to pursue fiscal prudence and maintain a stronger peso as the positive effect of real appreciation dominates its negative effect in recent years.

The Importance of Knowledge Produced in the Management Consulting Sector -A Perspective Analysis related to the research field of Strategy-as-Practice

  • da Costa, Renato Lopes;Antonio, Nelson Santos
    • East Asian Journal of Business Economics (EAJBE)
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    • v.2 no.3
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    • pp.1-17
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    • 2014
  • Although management consulting activities have obtained a considerable growth in terms of economic significance in recent years, these results have not been duly followed by a greater number of conceptual and empirical research in this area. In order to fight the lack of studies on the actual work of management consultants, this article aims at answer some questions that remain open. Is management consulting an intensive and specialized knowledge activity? Are there knowledge and learning key success factors in this area? Are consultants the real experts and the true practitioners of strategy as practice? The results of the empirical analysis in the form of semi-structured interviews and questionnaires given to management consultants and SME managers in Portugal shows that management consulting is founded on a knowledge-intensive base, although consultants cannot be called strategy practitioners as many authors call them. This is illustrated by the Portuguese model of determinants that constitute the management consulting industry presented in this article, which means this proposition is a new direction in strategic thinking in what the field's research strategy-as-practice concerns.