Historical analysis of the market economy indicates that soft budget constraint is becoming increasingly pervasive and broad-rooted. Using an analysis of micro-level entities in the market economy, this paper describe...Historical analysis of the market economy indicates that soft budget constraint is becoming increasingly pervasive and broad-rooted. Using an analysis of micro-level entities in the market economy, this paper describes how soft constraint derives from interdependence among corporations, banks, and the government. Soft constraint is explained in relation to changes in concentrated shareholding ownership, the increasing dominance of the financial sector, and financial insurance. We conclude： 1） concentrated shareholding ownership and institutionalized soft budget constraint create sub-optimal allocation of resources in the market economy; 2） neoclassical microeconomic principles cannot explain the economic actions of organizations in the market economy and should be revised; 3） externalities associated with soft budget constraint have spread across the globe to become both the cause and primary effect of cyclic global financial and economic crises. Hence, the government, banks, and the corporate sector must work together to overhaul supervisory mechanisms. On a global level, governments must collaborate to build a new international economic order. Correcting imbalances in international reserve currencies and fortifying administration of cross-national economic organizations will mitigate the effects of soft budget constraint.展开更多
With the rapid development of China＇ s tourism industry, the country in various regional economy hotels has sprung up everywhere. Economical hotels affected due to low prices of factors, more and more pro-consumer ga...With the rapid development of China＇ s tourism industry, the country in various regional economy hotels has sprung up everywhere. Economical hotels affected due to low prices of factors, more and more pro-consumer gaze. Customers source a large part of budget hotels are from users, how to promote their hotel through the Internet is a problem that must be considered by the economy hotel, the paper through the study of economy hotel email marketing strategy wants to Economical hotels certain significance.展开更多
Potato productivity in the northeastern US has been relatively constant for over 50 years, raising questions about what factors are limiting productivity. Research was initiated in 2004 to identify key constraints to ...Potato productivity in the northeastern US has been relatively constant for over 50 years, raising questions about what factors are limiting productivity. Research was initiated in 2004 to identify key constraints to potato productivity by evaluating Status Quo (SQ), Soil Conserving (SC), and Soil Improving (SI) cropping systems under both rainfed and irrigated management, and it was found that addition of compost or irrigation substantially increased yield. In this study, we employed partial budgeting to determine cost differences and their impact on net revenue for these cropping systems. Differences in systems were primarily associated with rotation length, tillage operations, compost and application expenses, and water management practices. When compost (as composted dairy manure) was annually applied at 19 Mg haf-1 and evaluated over the entire 3-year crop rotation cycle, the compost-amended rainfed SI system was more expensive to maintain than the irrigated SC system if compost cost exceeded $3.63 Mg-1. Average marketable yields were used to calculate gross and net revenue for each system. Because average potato yield for the irrigated SQ system (28.4 Mg·ha-1) equaled that in the rainfed SI system (28.3 Mg·ha-1), we were able to compare cost of irrigation versus compost for achieving comparable yield. The compost-amended SI system under rainfed management generated more net revenue from the potato crop than the irrigated SQ system when compost costs were less than $7.42 Mg-1. When compared to the commonly used rainfed SQ system, rainfed SI achieved higher net revenue as long as compost cost was less than $22.95 Mg-1. The rainfed SI system achieved higher net revenue than the irrigated SC system when compost cost was $9.43 Mg-1or less, but generated greater net revenue than the rainfed SC system regardless of compost costs, due to substantially higher yields associated with compost amendment. This investigation demonstrates that compost is a potentially viable substitute to irrigation for potato in the northeastern US;however, such potential is highly dependent on suitable compost sources and application costs.展开更多
Millennials have a high spending power toward travel and therefore,the boutique budget hotel sector has been rapidly developing to attract this target market.However,there is not much information on what Millennials f...Millennials have a high spending power toward travel and therefore,the boutique budget hotel sector has been rapidly developing to attract this target market.However,there is not much information on what Millennials find important in service quality at these hotels,due to which it is pertinent for hoteliers to research and understand their behavior to cater to them accordingly.Therefore,this research investigates which service quality attributes Millennials find the most important in boutique budget hotels.This exploratory study reviews past literature and issuing questionnaire surveys for Millennials.This study explores the service quality dimensions within boutique budget hotels and how the dimensions further influence customer satisfaction and customer loyalty.The results obtained from the exploratory factor analysis revealed five dimensions of service quality,namely,hotel experience,staff experience,device experience,visual appeal perception,and wireless connection.Multiple regression analysis was also applied and showed that these five dimensions had a statistically significant positive influence on customer satisfaction and customer loyal.展开更多
Budget hotels, as an emerging hotel model, were started and attained a rapid development in China in the last ten years, and have proven to be important part of China抯 hotel industry. As competitions in the hotel ind...Budget hotels, as an emerging hotel model, were started and attained a rapid development in China in the last ten years, and have proven to be important part of China抯 hotel industry. As competitions in the hotel industry become increasingly fiercer, budget hotel brands launch a fight for seizing more market share. Therefore, it is necessary for Xuchang Jinjiang INN as a famous hotel brand to be distinguished from the hotel product strategies of the developed economic areas in the development environment of the small and medium-sized tourism cities, so as to adapt to the characteristics of regional market.展开更多
The present paper is a contribution to the economic analysis of the exploitation of depleted natural resources and in particular hydrocarbons in the wider Eastern Mediterranean region.The methodological tools used are...The present paper is a contribution to the economic analysis of the exploitation of depleted natural resources and in particular hydrocarbons in the wider Eastern Mediterranean region.The methodological tools used are both the marginal economic analysis,the application of the Hotelling rule and the multi-criteria choice of exploitation of a natural resource with sensitivity analysis of the first and second optimal solution.The choice of natural resource used to be based on a single criterion,cost.Today,the multi-criteria method is followed,according to which many criteria are taken into account at the same time.The return on investment from the exploitation of a mineral resource in the wider Eastern Mediterranean region is obtained through multi-criteria selection and sensitivity analysis of the prevailing solution.展开更多
Egypt has reviewed plans to deal with the economic impacts of the Russia-Ukraine crisis that the country will possibly face,including on petroleum prices.In recent years,Egypt has raised gasoline prices several times,...Egypt has reviewed plans to deal with the economic impacts of the Russia-Ukraine crisis that the country will possibly face,including on petroleum prices.In recent years,Egypt has raised gasoline prices several times,the last of which was by 25 piastres earlier this month,as per recommendations of Egypt’s Fuel Automatic Pricing Committee held every three months.This comes while the government presses ahead with plans to convert petrol-powered vehicles to run on natural gas,a step that should contribute to reducing the cost of subsidized petroleum products in the state budget.Egypt,which has achieved self-sufficiency in natural gas in 2018,is planning to use its position on Europe’s doorstep to become a major supplier of liquified natural gas(LNG)to the continent,which is transitioning away from other fossil fuels.展开更多
文摘Historical analysis of the market economy indicates that soft budget constraint is becoming increasingly pervasive and broad-rooted. Using an analysis of micro-level entities in the market economy, this paper describes how soft constraint derives from interdependence among corporations, banks, and the government. Soft constraint is explained in relation to changes in concentrated shareholding ownership, the increasing dominance of the financial sector, and financial insurance. We conclude： 1） concentrated shareholding ownership and institutionalized soft budget constraint create sub-optimal allocation of resources in the market economy; 2） neoclassical microeconomic principles cannot explain the economic actions of organizations in the market economy and should be revised; 3） externalities associated with soft budget constraint have spread across the globe to become both the cause and primary effect of cyclic global financial and economic crises. Hence, the government, banks, and the corporate sector must work together to overhaul supervisory mechanisms. On a global level, governments must collaborate to build a new international economic order. Correcting imbalances in international reserve currencies and fortifying administration of cross-national economic organizations will mitigate the effects of soft budget constraint.
文摘With the rapid development of China＇ s tourism industry, the country in various regional economy hotels has sprung up everywhere. Economical hotels affected due to low prices of factors, more and more pro-consumer gaze. Customers source a large part of budget hotels are from users, how to promote their hotel through the Internet is a problem that must be considered by the economy hotel, the paper through the study of economy hotel email marketing strategy wants to Economical hotels certain significance.
文摘Potato productivity in the northeastern US has been relatively constant for over 50 years, raising questions about what factors are limiting productivity. Research was initiated in 2004 to identify key constraints to potato productivity by evaluating Status Quo (SQ), Soil Conserving (SC), and Soil Improving (SI) cropping systems under both rainfed and irrigated management, and it was found that addition of compost or irrigation substantially increased yield. In this study, we employed partial budgeting to determine cost differences and their impact on net revenue for these cropping systems. Differences in systems were primarily associated with rotation length, tillage operations, compost and application expenses, and water management practices. When compost (as composted dairy manure) was annually applied at 19 Mg haf-1 and evaluated over the entire 3-year crop rotation cycle, the compost-amended rainfed SI system was more expensive to maintain than the irrigated SC system if compost cost exceeded $3.63 Mg-1. Average marketable yields were used to calculate gross and net revenue for each system. Because average potato yield for the irrigated SQ system (28.4 Mg·ha-1) equaled that in the rainfed SI system (28.3 Mg·ha-1), we were able to compare cost of irrigation versus compost for achieving comparable yield. The compost-amended SI system under rainfed management generated more net revenue from the potato crop than the irrigated SQ system when compost costs were less than $7.42 Mg-1. When compared to the commonly used rainfed SQ system, rainfed SI achieved higher net revenue as long as compost cost was less than $22.95 Mg-1. The rainfed SI system achieved higher net revenue than the irrigated SC system when compost cost was $9.43 Mg-1or less, but generated greater net revenue than the rainfed SC system regardless of compost costs, due to substantially higher yields associated with compost amendment. This investigation demonstrates that compost is a potentially viable substitute to irrigation for potato in the northeastern US;however, such potential is highly dependent on suitable compost sources and application costs.
文摘Millennials have a high spending power toward travel and therefore,the boutique budget hotel sector has been rapidly developing to attract this target market.However,there is not much information on what Millennials find important in service quality at these hotels,due to which it is pertinent for hoteliers to research and understand their behavior to cater to them accordingly.Therefore,this research investigates which service quality attributes Millennials find the most important in boutique budget hotels.This exploratory study reviews past literature and issuing questionnaire surveys for Millennials.This study explores the service quality dimensions within boutique budget hotels and how the dimensions further influence customer satisfaction and customer loyalty.The results obtained from the exploratory factor analysis revealed five dimensions of service quality,namely,hotel experience,staff experience,device experience,visual appeal perception,and wireless connection.Multiple regression analysis was also applied and showed that these five dimensions had a statistically significant positive influence on customer satisfaction and customer loyal.
文摘Budget hotels, as an emerging hotel model, were started and attained a rapid development in China in the last ten years, and have proven to be important part of China抯 hotel industry. As competitions in the hotel industry become increasingly fiercer, budget hotel brands launch a fight for seizing more market share. Therefore, it is necessary for Xuchang Jinjiang INN as a famous hotel brand to be distinguished from the hotel product strategies of the developed economic areas in the development environment of the small and medium-sized tourism cities, so as to adapt to the characteristics of regional market.
文摘The present paper is a contribution to the economic analysis of the exploitation of depleted natural resources and in particular hydrocarbons in the wider Eastern Mediterranean region.The methodological tools used are both the marginal economic analysis,the application of the Hotelling rule and the multi-criteria choice of exploitation of a natural resource with sensitivity analysis of the first and second optimal solution.The choice of natural resource used to be based on a single criterion,cost.Today,the multi-criteria method is followed,according to which many criteria are taken into account at the same time.The return on investment from the exploitation of a mineral resource in the wider Eastern Mediterranean region is obtained through multi-criteria selection and sensitivity analysis of the prevailing solution.
文摘Egypt has reviewed plans to deal with the economic impacts of the Russia-Ukraine crisis that the country will possibly face,including on petroleum prices.In recent years,Egypt has raised gasoline prices several times,the last of which was by 25 piastres earlier this month,as per recommendations of Egypt’s Fuel Automatic Pricing Committee held every three months.This comes while the government presses ahead with plans to convert petrol-powered vehicles to run on natural gas,a step that should contribute to reducing the cost of subsidized petroleum products in the state budget.Egypt,which has achieved self-sufficiency in natural gas in 2018,is planning to use its position on Europe’s doorstep to become a major supplier of liquified natural gas(LNG)to the continent,which is transitioning away from other fossil fuels.
