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2024

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Full-Text Articles in Economics

Motivation In Entrepreneurship: A Guarantee Of Entrepreneurial Success, Mayela Del Rayo Lechuga-Nevárez Jul 2024

Motivation In Entrepreneurship: A Guarantee Of Entrepreneurial Success, Mayela Del Rayo Lechuga-Nevárez

Arab Economic and Business Journal

Amid the complex social and economic environment, motivation in entrepreneurs is vital. Thus, this study aims to analyze motivation as an essential element in entrepreneurship in the city of Victoria de Durango, Dgo. A quantitative method with a cross-sectional scope and a questionnaire were used. The study employed a non-probabilistic convenience sampling, considering the characteristics of the sample, which was determined following the inclusion criterion which is entrepreneurship from the city of Victoria de Durango. A total of 100 entrepreneurs from a population of 134 were studied. The findings of the study showed that motivation has a significant impact on …


Factors Affecting Adoption Of Cooking Gas In Ilorin Metropolis, Nigeria, Muhammad-Bashir Owolabi Yusuf, Ridwan Olabisi Yusuff, Dauda Ishola Jimoh Jul 2024

Factors Affecting Adoption Of Cooking Gas In Ilorin Metropolis, Nigeria, Muhammad-Bashir Owolabi Yusuf, Ridwan Olabisi Yusuff, Dauda Ishola Jimoh

Arab Economic and Business Journal

This research delved into the influencing factors behind the adoption of cooking gas in the Ilorin metropolis. The primary aim was to investigate the growing trend of adopting cooking gas in this area. The study utilized Binary Logistic Regression as its analytical method to assess the relationships between various variables. The findings unveiled several key insights. Firstly, there exists a noteworthy negative correlation between the age of households and their inclination toward adopting cooking gas (0.641, p < 0.05). On the other hand, the level of education displayed a positive but insignificant association with gas adoption. Factors like Family Size, Occupation, Safety, and the Availability of other energy sources demonstrated a positive yet insignificant correlation with the adoption of cooking gas. Notably, household income exhibited a statistically significant positive relationship with cooking gas adoption (1.547, p < 0.05). Conversely, the presence of gas shops showed an insignificant positive relationship with households' decisions to adopt cooking gas. Moreover, the level of awareness and social influence exhibited insignificant negative associations with households' decisions to adopt cooking gas. Aligned with these findings, the study proposes recommendations for action. It suggests that the Nigerian government should focus on elevating educational standards and promoting an improved quality of life to incentivize fuel substitution. This shift can lead to more efficient energy usage and mitigate adverse environmental, social, and health impacts. This approach can significantly reduce wood energy consumption, subsequently relieving pressure on wood resources and aiding in the effort to combat deforestation.


Modeling Per Capita Income And Its Dependence On Literacy Rate, Jasneet Kaur Wadhwa, Arun P Jul 2024

Modeling Per Capita Income And Its Dependence On Literacy Rate, Jasneet Kaur Wadhwa, Arun P

Arab Economic and Business Journal

This paper challenges the idea that India's economic liberalization in 1991 was solely responsible for the transition in Per Capita Income (PCI). The paper investigates the complex dynamics between educational attainment, economic policies, and their impact on PCI in India. By analyzing the relationship between PCI and literacy rate, the study aims to answer the intriguing question of whether the strong correlation observed between PCI and the literacy rate is a mere coincidence. Additionally, looking at the diode equation's good fit to the data on PCI vs literacy rate, for the period 1980-2020, the study attempts to determine whether or …


Nebraska Monthly Economic Indicators: July 26, 2024, Eric Thompson Jul 2024

Nebraska Monthly Economic Indicators: July 26, 2024, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator-Nebraska rose by 0.58% in June 2024. The increase in the leading indicator, designed to predict economic growth six months into the future, implies that the Nebraska economy will grow through the end of 2024. There was an increase in manufacturing hours worked in June, as Nebraska continues to benefit from strong demand for food products and as U.S. manufacturing activity continues to improve. Business expectations remained positive. Respondents to the June Survey of Nebraska Business reported plans to increase sales and employment over the next six months. Airline passenger counts and building permits for single-family homes …


Strategies That Successful Fund Managers Use In Surviving Challenges In Ghana’S Financial Sector, Afua Akyaa Osei Jul 2024

Strategies That Successful Fund Managers Use In Surviving Challenges In Ghana’S Financial Sector, Afua Akyaa Osei

Walden Dissertations and Doctoral Studies

Globally, economic downturns affect the performance and survival of financial institutions. Fund managers are concerned with economic downturns, as some funds will succumb to the financial challenges. Grounded in the balanced scorecard framework, the purpose of this qualitative multiple-case study was to explore the strategies that managers of some fund management companies in Ghana use to remain in business during financial downturns. The participants were nine managers from three fund management companies that used successful strategies to withstand challenges in the financial sector. Data were collected using semi-structured interviews and a review of company websites and publicly available brochures. Through …


Trade, Usury, And The Incursion Of Desire, Allen Jorgenson Jul 2024

Trade, Usury, And The Incursion Of Desire, Allen Jorgenson

Consensus

No abstract provided.


Lessons Learned: Guillermo Ortiz Martínez, Mercedes Cardona Jul 2024

Lessons Learned: Guillermo Ortiz Martínez, Mercedes Cardona

Journal of Financial Crises

Guillermo Ortiz Martínez served as undersecretary of finance and public credit in Mexico’s federal government from 1988 to 1994. He became secretary in December 1994 in the administration of Ernesto Zedillo and served until December 1997. As undersecretary, he was president of the bank privatization committee and the chief negotiator for Mexico during the North American Free Trade Agreement (NAFTA) negotiations in 1991 to 1993. He was governor of the Bank of Mexico from January 1998 to December 2009 and is currently partner and member of the board of BTG Pactual, a Brazilian investment bank. This Lesson Learned summary is …


Lessons Learned: Paul Boothe, Mary Anne Chute Lynch Jul 2024

Lessons Learned: Paul Boothe, Mary Anne Chute Lynch

Journal of Financial Crises

Paul Boothe served as Canada’s senior associate deputy minister of industry during the Global Financial Crisis (GFC) of 2007–2009. Boothe led the Canadian federal government’s negotiation team during the restructuring talks with Chrysler and General Motors (GM). He also negotiated with the Canadian Auto Workers (CAW), a union that included Tier 1 auto parts suppliers for all the major auto manufacturers worldwide. Canada aligned with the United States government to rescue the auto manufacturers and provided 20% of the funding to rescue the corporations and suppliers. From 2004 to 2005, Boothe served as the associate deputy minister of finance and …


Lessons Learned: Bo Lundgren, Maryann Haggerty Jul 2024

Lessons Learned: Bo Lundgren, Maryann Haggerty

Journal of Financial Crises

Bo Lundgren was Sweden’s cabinet minister for fiscal and financial affairs from 1991 to 1994, making him a key leader in managing the nation’s severe financial crisis during those years. Lundgren had a decades-long political career as a member of the Swedish Parliament from 1975 to 2004, was leader of the Moderate Party (1999–2003), and vice president of the European People’s Party in the European Union. He also served from 2004 to 2013 as director general of the Swedish National Debt Office, the country’s central financial agency. Drawing on his experiences in the Swedish crisis, Lundgren has shared his views …


India: Yes Bank Restructuring, 2020, Salil Gupta Jul 2024

India: Yes Bank Restructuring, 2020, Salil Gupta

Journal of Financial Crises

Yes Bank was suffering from liquidity outflows in the second half of 2019 owing to a combination of deposit withdrawals, invocation of pledged shares, losses from extraordinary credit provisions, and overexposure to stressed sectors like power and infrastructure. In December 2019, Yes Bank reported a Common Equity Tier 1 capital ratio at 0.6%, far below the Reserve Bank of India (RBI) mandated levels, and a quarterly loss of 185 billion Indian rupees (INR; USD 2.5 billion). In early March 2020, the RBI and the Ministry of Finance announced a restructuring plan for India’s fourth-largest private bank, Yes Bank, to prevent …


Coordination Within And Across Two Cultures, Gabriele Camera, James Gilmore, Marilyn Giselle Hazlett, Jason Shachat, Bochen Zhu Jul 2024

Coordination Within And Across Two Cultures, Gabriele Camera, James Gilmore, Marilyn Giselle Hazlett, Jason Shachat, Bochen Zhu

ESI Working Papers

We study within- and cross-culture interaction in a Stag Hunt game, using a controlled online experiment with Chinese and American participants. We find that cross-culture interactions can have a positive impact on efficiency. American participants, particularly females, more frequently selected the efficient but risky action when facing a Chinese counterpart. Chinese male participants, instead, less frequently selected the efficient but risky action when facing an American counterpart. These behavioral asymmetries do not support the notion of cultural equivalence, nor the hypothesis that multiculturalism fosters strategic uncertainty.


Deuda Pública, Desigualdad Y Desarrollo En México: Evidencia Estatal Y Municipal: Public Debt, Inequality And Development In Mexico: State And Municipal Evidence, Claudia Susana Gómez López, Artemlo Jiménez Rico, Ana Karen Negrete García Jul 2024

Deuda Pública, Desigualdad Y Desarrollo En México: Evidencia Estatal Y Municipal: Public Debt, Inequality And Development In Mexico: State And Municipal Evidence, Claudia Susana Gómez López, Artemlo Jiménez Rico, Ana Karen Negrete García

Economics Faculty Publications

El artículo analiza la relación de la adquisición de deuda pública con la desigualdad y el desarrollo económico. Específicamente, utiliza la tasa de crecimiento de deuda pública, el Índice de Gini y el Índice de Rezago Social como variables. Considera 31 entidades federativas de la República mexicana y 2414 municipios desde 2010 hasta el 2018. La metodología de convergencia absoluta y condicional y datos de panel deriva en los siguientes resultados: (I) bajo la hipótesis de convergencia condicional, los estados y municipios de México se acercaron en términos de la deuda pública per cápita en el periodo 2010-2018. La velocidad …


Time Preferences And Lunar New Year: An Experiment, Tam L. Nguyen, Bryan S. Weber, Luu Duc Toan Huynh Jul 2024

Time Preferences And Lunar New Year: An Experiment, Tam L. Nguyen, Bryan S. Weber, Luu Duc Toan Huynh

Publications and Research

We conduct an experiment to examine how the attitude toward time preference changed when there was a time-related occasion, specifically the Lunar New Year. We anticipated that individuals would be more patient as measured by a battery of questions after the New Year. However, we find that individuals only appear more patient when those questions pose the amount of time they have to wait in year increments rather than other units of time. More experimentation is necessary to identify the peculiarities of framing questions around this “New Years Effect.”


Average Child Care Costs In Nevada And The Mountain West, 2024, Monserrat Cristando-Romo, Maryam Raja, Annie Vong, Caitlin J. Saladino, William E. Brown Jr. Jul 2024

Average Child Care Costs In Nevada And The Mountain West, 2024, Monserrat Cristando-Romo, Maryam Raja, Annie Vong, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet reports data on the average costs of child care in the five most populous cities in each Mountain West state and the ten most populous cities in Nevada based on the “2020: ACS 5-Year Estimates Data Profiles” United States Census Bureau (Salt Lake City, UT; Albuquerque, NM; Denver, CO; Phoenix, AZ; and Las Vegas, NV). The original report from care.com provides child care data for all U.S. cities to assess the costs of child care nationally.


Impact Of Crises On Indian Financial Markets, Pami Dua, Divya Tuteja Jul 2024

Impact Of Crises On Indian Financial Markets, Pami Dua, Divya Tuteja

Bulletin of Monetary Economics and Banking

We investigate the effect of crises on Indian financial markets including the short-term and medium-term money, government securities segments, equity and currency markets. Specifically, we study the effects of the COVID-19 pandemic, the Eurozone Sovereign Debt Crisis and the Global Financial Crisis on market returns, volatility and cross-correlations. We employ a (a) vector autoregressive model to analyse the effects of those shocks on returns and (b) multivariate ADCC-GARCH specification to examine the impact on conditional volatility and dynamic conditional correlation in the markets. We find significant effect of the Global Financial Crisis and the pandemic on the dynamics of the …


Deep Integration Of Technological Innovation And Industrial Innovation In Modern Industrial System: Inspiration From Global New Generation Lithography Systems, Jiang Yu, Feng Chen, Yue Guo Jul 2024

Deep Integration Of Technological Innovation And Industrial Innovation In Modern Industrial System: Inspiration From Global New Generation Lithography Systems, Jiang Yu, Feng Chen, Yue Guo

Bulletin of Chinese Academy of Sciences (Chinese Version)

Utilizing technological innovation to lead the construction of a modern industrial system is a strategic choice for seizing the opportunities of the new round of technological revolution and industrial transformation. It is also a necessary step for winning the strategic initiative towards high-level self-reliance and self-improvement. Technological innovation is the intrinsic driving force behind industrial innovation, and industrial innovation is the value embodiment of technological innovation. The deep integration of technological innovation and industrial innovation is the key to constructing and improving a modern industrial system. Taking the global extreme ultra-violet (EUV) lithography system as an example, based on the …


Innovation And New Quality Productivity, Yongnian Zheng, Lanmeng Xu Jul 2024

Innovation And New Quality Productivity, Yongnian Zheng, Lanmeng Xu

Bulletin of Chinese Academy of Sciences (Chinese Version)

China is in a critical period of promoting high-quality development and advancing Chinese modernization. This paper attempts to clarify the relationship between innovation and new-quality productivity and provide a potential development direction for China to lead a modernized industrial system by developing new-quality productivity through innovation. The study proposes that the development of new quality productivity through innovation requires serious consideration from three dimensions. First, it is important to figure out where new technologies come from. Second, it is essential to investigate where new industries come from. Third, a feasible solution has to be formulated based on China’s reality. The …


Establish Policy Ecosystem That Supports Technological Innovation And Leads Construction Of Modern Industrial System, Cheng Zhou, Xiaoyi Peng, Wen Xie, Chidong Zhang, Yuhe Qiu, Fan Wu Jul 2024

Establish Policy Ecosystem That Supports Technological Innovation And Leads Construction Of Modern Industrial System, Cheng Zhou, Xiaoyi Peng, Wen Xie, Chidong Zhang, Yuhe Qiu, Fan Wu

Bulletin of Chinese Academy of Sciences (Chinese Version)

To harness the leading role of science and technology innovation and accelerate the construction of a modern industrial system, it is necessary to establish an innovation policy ecosystem that coordinates science and technology, education, economics, and social policies. Compared with this demand, China’s current science and technology innovation policy still needs to be further improved in terms of policy horizontal and vertical coordination, industrial technology research organization mechanism, innovative enterprise subjectivity, industry-university-research cooperation innovation incentives, and resource allocation marketability. In response to these issues, five suggestions are put forward, namely, (1) set up an innovation policy coordination and review agency …


Theories, Status Quo, And Suggestions On Scientific And Technological Innovation As Driver Of Developing Emerging Industries, Xiaoyan Zhang Jul 2024

Theories, Status Quo, And Suggestions On Scientific And Technological Innovation As Driver Of Developing Emerging Industries, Xiaoyan Zhang

Bulletin of Chinese Academy of Sciences (Chinese Version)

The emerging industry is the key to fostering new growth drivers and developing new advantages. It is also an essential guarantee to reinforce the resilience and security of China’s industrial chain and supply chain, and seize the initiative of future development. This study, based on the theoretical foundation and practical needs of “scientific and technological innovation as the driver of developing emerging industries”, summarizes the typical practices of innovation and development of emerging industries in countries including the United States, Japan, and Singapore. In addition, the study identifies the difficulties faced by China in the developing emerging industries, and raises …


Thoughts On Fostering Industries Of The Future Based On Innovation Infrastructure Clusters, Qingli Huang, Ziwei Zhao, Can Wang, Weihua Wang Jul 2024

Thoughts On Fostering Industries Of The Future Based On Innovation Infrastructure Clusters, Qingli Huang, Ziwei Zhao, Can Wang, Weihua Wang

Bulletin of Chinese Academy of Sciences (Chinese Version)

Industries of the future (IoTF) are characterized by a distinctive whole chain and high scientific and technological content, and as an important carrier to support the innovation activities of industries of the future, the construction and layout of innovation infrastructures, such as large scientific devices, major scientific and technological innovation platforms, pilot bases, etc., will inevitably develop towards whole chain clustering. This study tries to explain the basic concept of innovation infrastructure clusters for industries of the future, sort out the practices and results of fostering industries of the future based on innovation infrastructure clusters in some regions in China, …


Empowering Traditional Industries With Digital Intelligence For Transformation And Upgrading, Jiyuan Zang, Huanyong Ji, Qingxue Huang Jul 2024

Empowering Traditional Industries With Digital Intelligence For Transformation And Upgrading, Jiyuan Zang, Huanyong Ji, Qingxue Huang

Bulletin of Chinese Academy of Sciences (Chinese Version)

Traditional industries are the basic support and driving force for the high-quality development of the economy. Digital intelligence is an important lever for traditional industries to achieve the transformation of old and new kinetic energy and the leapfrogging of the global value chain. This study firstly deconstructs the rich connotations of digital intelligence from the perspectives of digitalization, networkization, and intelligentization. Secondly, it analyzes the transformation mechanism and various pathways through which digital intelligence impacts traditional industries. Thirdly, it analyzes the barriers faced by traditional industries in the process of adopting digital intelligence technologies. Finally, this study puts forward four …


Insights On Strategy And Approach For China To Construct A Modern Integrated Circuits Industrial System, Ximing Yin, Beibei Zhang, Tailun Chen, Jiang Yu, Jin Chen Jul 2024

Insights On Strategy And Approach For China To Construct A Modern Integrated Circuits Industrial System, Ximing Yin, Beibei Zhang, Tailun Chen, Jiang Yu, Jin Chen

Bulletin of Chinese Academy of Sciences (Chinese Version)

The integrated circuit (IC) industry is highly complex and systematic, and its key core technology breakthroughs are highly dependent on the support of systematic capabilities. The West especially the United States has accelerated the promotion of the “small-yard, high-fence” strategy, the “New Washington Consensus”, the “de-risking”, and other systematic policies to curb China’s rise. China’s IC industry chain is facing extreme risks such as rupture or blockage. Meanwhile, facing the new mission and requirements of Chinese modernization and new-quality productivity, China needs to accelerate the modernization of the IC industry with new development paradigms, new strategies, and new approaches. Based …


Strategic Study On Leading Construction Of Modern Agricultural System By Technology Innovation, Yan Yan, Xurong Mei, Xiudong Wang Jul 2024

Strategic Study On Leading Construction Of Modern Agricultural System By Technology Innovation, Yan Yan, Xurong Mei, Xiudong Wang

Bulletin of Chinese Academy of Sciences (Chinese Version)

Technology innovation is the fundamental solution to build a modern agricultural system, and it is also an important support for building the large base, large enterprise, and large industry of modern agriculture and achieving the modernization of material equipment, technology, management, agricultural informatization, and sustainable resource utilization of agriculture. This paper explains the scientific concepts and logical relationships of the agricultural production system, industrial system and management system, which are the main components of a modern agricultural system. It emphasizes that ensuring food security, promoting industrial integration and upgrading, and cultivating leading enterprises are current key tasks. Nevertheless, from the …


Analysis Of Demand And Recycling Potential Of Lithium, Cobalt, And Nickel Under Energy Transition Emdash From Perspective Of Electric Vehicles, Xiong Ying, Shouyang Wang, Yuyao Yang Jul 2024

Analysis Of Demand And Recycling Potential Of Lithium, Cobalt, And Nickel Under Energy Transition Emdash From Perspective Of Electric Vehicles, Xiong Ying, Shouyang Wang, Yuyao Yang

Bulletin of Chinese Academy of Sciences (Chinese Version)

With the rapid growth of demand for lithium, cobalt, and nickel, China, the United States, and the European Union have classified them as critical minerals. This study investigates the rise of China’s and the global electric vehicle industry in relation to the demand for lithium, cobalt, and nickel, forecasts the potential for recycling these metals, and evaluates the challenges to resource security of these metals faced by China. The findings underscore the necessity of enhancing international collaboration in mineral extraction abroad and enhancing capabilities to safeguard overseas assets and equity. The study advocates for expediting the establishment of an electric …


Suggestions For Promoting Green Science And Technology Finance In China Under New Development Pattern, Wei Zhang, Xuemeng Liu Jul 2024

Suggestions For Promoting Green Science And Technology Finance In China Under New Development Pattern, Wei Zhang, Xuemeng Liu

Bulletin of Chinese Academy of Sciences (Chinese Version)

The new development pattern poses dual challenges to China’s existing financial system. In order to meet the challenges, the financial system needs to vigorously promote the development of green technology finance. To fulfill this, it is necessary to promote the system linkage and digitization of green technology finance, as well as to optimize the product structure of green technology finance. To promote the systematic linkage of green technology finance, it is necessary to promote the linkage development between direct and indirect financing methods of green technology, as well as the linkage development among the financial market of green technology, industrial …


Do Digital Payments Spur Gst Revenue: Indian Experience, Surender Kumar Jul 2024

Do Digital Payments Spur Gst Revenue: Indian Experience, Surender Kumar

Bulletin of Monetary Economics and Banking

This paper measures the effect of digital payments on enhancing goods and services tax (GST) revenue in India using monthly time-series information on tax collections and digital payments. By employing an autoregressive distributed lag cointegration framework, we find that the GST elasticity concerning digital transactions is about 0.54. The implication is that a one-standard-deviation increase in the value of digital transactions spurs GST revenue of about INR 62 billion, and a one-standard-deviation increase in index of industrial production (IIP) enhances GST revenue by about INR 8 to 12 billion. These results suggest that enhancing digital transactions is an effective way …


Indian Mutual Fund Industry: Is 2014 A Turning Point?, Shobhit Goel, Pawan Kumar Jul 2024

Indian Mutual Fund Industry: Is 2014 A Turning Point?, Shobhit Goel, Pawan Kumar

Bulletin of Monetary Economics and Banking

Indian Mutual Fund Industry has experienced a nearly 40-fold increase in assets under management since the start of the 21st century, which has implications for the financial sector and the wider economy. Using structural break models, we identify 2003-08 as a nascent growth phase followed by a tepid growth phase in the post-global financial crisis period. Since 2014, the industry has experienced accelerated growth, outpacing global peers, driven by consistent individual investor inflows in equity and hybrid categories. Supportive regulatory policies introduced in 2012-13, we argue, have boosted the industry’s growth.


India And The Rest Of The World: Analyses Of International Monetary Policy Spillovers, Afees A. Salisu Jul 2024

India And The Rest Of The World: Analyses Of International Monetary Policy Spillovers, Afees A. Salisu

Bulletin of Monetary Economics and Banking

The US is India's largest trading partner, followed by the European Union. Our study, using the GVAR model, shows that a US monetary policy (MP) shock results in a depreciation of the Indian currency vis-a-vis the dollar. This is due to Indian investors preferring to invest in the US, which provides higher returns during a US MP shock. The Eurozone MP shock does not have a significant impact due to the increasing dollarization of the Indian economy. However, the US MP shock propagation diminishes when there is economic policy uncertainty. Our findings have implications for monetary policy conduct in India.


One Island, Two Worlds: An Investigation Of The Diverging Economies Of The Dominican Republic And Haiti, Daniel Espinal Jul 2024

One Island, Two Worlds: An Investigation Of The Diverging Economies Of The Dominican Republic And Haiti, Daniel Espinal

Business and Economics Summer Fellows

An investigative study into the diverging economies of the Dominican Republic and Haiti. A greater focus is placed on the divergence point of the 1960s where two authoritarian leaders both ruled the country.


Cover Cropping: How Sustainability And Economics Can Work Hand In Hand, Emma Reyes Jul 2024

Cover Cropping: How Sustainability And Economics Can Work Hand In Hand, Emma Reyes

Business and Economics Summer Fellows

Research finds that over half of the agricultural lands worldwide have been moderately or severely affected by soil degradation (Kopittke et al., 2019). This problem is further heightened by the fact that many farmers are concerned about the profitability of sustainable practices. As a result, this may lead to an increase in the practice of more harmful conventional agricultural techniques if they continue to be considered more economically beneficial in comparison. This paper aims to see if the use of a specific sustainable practice known as cover cropping can help to increase the level of economic benefits farmers receive. Cover …