Current Issue : October - December Volume : 2019 Issue Number : 4 Articles : 5 Articles
With the continuous improvement of living standards, the total amount of\nsocial consumer goods in Chinaâ??s economic development has occupied an\nimportant position. Its fluctuations can indirectly reflect the demand and\npurchasing power of commodities, thus affecting the stateâ??s macroeconomic\nregulation and control. This paper selects the total amount of social consumer\ngoods in China from August 2005 to February 2019. Using EViews 7.2 software,\nthis paper makes use of the correlation analysis of sequence fluctuation\nin econometrics and financial time series, and finds the best fitting EGARCH\n(1,1) model based on ARMA (1,0) to conduct an empirical analysis of the total\namount of social consumer goods in China, and concludes that the total\namount of social consumer goods in China has leverage effect....
Research on the relationship between real estate investment and economic\ngrowth has a long history in the economic development literature. This study\nadds to the literature by focusing on the largest segment of commercial real\nestate, retail establishments. Not only quantifying the economic impacts of\nretail establishments, but also understanding how the economic and socio-\ndemographic characteristics of an area affect investment location decisions,\ncontributes to the understanding of regional growth process. A 3SLS\nsimultaneous equations model derived from is used to analyze the role of\nâ??smallâ? and â??largeâ? retail establishments in the economic development of the\nNortheast region of the United States. The study concludes that growth in retail\nestablishments indeed plays a significant role in the economic growth\nprocess in the study region. Countiesâ?? government expenditure and housing\nvalues play a strong role in attracting retail businesses. Population density has\ndifferent effects on â??smallâ? and â??largeâ? retail establishments; high population\ndensity areas are found to be attractive, particularly to â??smallâ? retail establishments,\nwhereas â??large establishmentsâ? prefer areas with low population\ndensities....
To decrease the possibility of customer defections, service managers need to\ntrack the cumulative effect of service errors on customer perceptions. Despite\nthis need, past research in the service management literature does not provide\nmanagers with comprehensive methodologies tailored to this problem. Most\nprevious research views service error as either a technical issue which can be\naddressed via reliability tools commonly used in manufacturing or as a dimension\nof service quality which can be assessed via customer feedback a single\npoint in time. This paper will integrate concepts from both of these approaches\nto propose a methodology for analyzing the cumulative effect of\nservice errors on customer perceptions. The methodology will also include a\nframework for classifying service error....
Irrational Online Shopping Behavior is defined as â??a series of irrational decision-\nmaking behavior made by consumers due to the influence of various\nfactors in the virtual web environmentâ?. This paper aims to discuss irrational\nonline shopping behavior of an excessive consumption, impulsive consumption\nand bundled consumption under the influence of mental accounting,\nand further discusses the internal mechanism of irrational online shopping\nbehavior from the perspective of mental accounting theory: that is, consumers\nutilize a unique mental account when shopping online and how they\nmentally code, book, and value this account before, during, and after purchase.\nFinally this paper seeks to serve as a practical inspiration towards consumers\nand businesses....
This article takes Singapore Oversea-Chinese Banking Corporation as an\nexample to illustrate the radical reform brought by the blockchain network in\nthe bank payment system. By comparing the traditional payment forms with\nthat under the blockchain network, this paper expounds that the blockchain-\nbased cross-border payment fund transfer system is securer, more\ntransparent and reliable, as well as more efficient. It also discusses the open\nlegal environment in Singapore that promotes the practice of blockchain in\nthe banking industry. However, the establishment and maintenance of the\nblockchain network are costly, and the banks using blockchain technology are\nexposed to potential loopholes in the network....
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