Financial development and economic growth in a microfounded small open economy model

The global financial crisis since 2008 revived the debate on whether or not and to what extent financial development contributes to economic growth. This paper reviews different theoretical schools of thought and empirical findings on this nexus, building on which we aim to develop a unified, microfounded model in a small open economy setting to accommodate various theoretical possibilities and empirical observations. The model is then calibrated to match some well-documented stylized facts. Numerical simulations show that, in the long run, the welfare-maximizing level of financial develop is lower than the growth-maximizing level. In the short run, the price channel (through world interest rate) dominates the quantity-channel (through financial productivity), suggesting a vital role of international cooperation in tackling systemic risk of the global financial system.     

Economic Development and South Africa: 25 Years Analysis (1994 to 2019)

Economic Development highlights the growth and progression of every nation towards prosperity, and South Africa is not an exception to this phenomenon. Present article reviews economic progression in South Africa for last 25 years of time by applying systematic literature review and bibliometric analysis (1,241 articles) on Scopus extracted database (1994 to 2019; until 06 June). Inferences evidence significant work contributed by top universities, authors, funding sources, journals and citation statistics. Noticeably, implementation of a concept solely will not fetch real situation; however, a systematic review extends good to excellent understanding of the considered research agenda. Findings reveal the contradictory inter-connectivity of Cluster 1 Economic Inequality and Poverty, Cluster 2 Developing Country and Corruption and Cluster 6 Economic Development and Economic Policy. It is very important to understand that if a nation is facing economic inequality, corruption, and poverty; how it can achieve the status of economically developed nation. Identification of Cluster 3 Industrialization and Industry 4.0, Cluster 4 Unemployment and Entrepreneurship Education and Cluster 5 Sustainable Development and Economic Growth signifies scope of improvement. Conclusively, the researcher has proposed a conceptual model to address above stated concerns.     

Advancing heritage tourism in the central Karoo: The South African War Battlefields Route

ABSTRACT

Tourism and tourism development have the potential to make a positive impact on a region’s economic development and sustainability. In this sense, the central Karoo has a great deal to offer heritage tourists. As there are numerous battlefield sites associated with the South African War (1899–1902) (previously the Anglo-Boer War) the central Karoo offers a unique development opportunity to demarcate a designated battlefield route dedicated to the war. This study investigated the potential for the development of the proposed route by involving potential stakeholders (specifically product owners and government officials) on the route. The study was qualitative, and 33 interviews were conducted. Thematic content analysis was used to analyse the data. The main findings indicate a need for the development of the route and the establishment of a South African War Battlefields Route Destination Marketing Organisation (DMO).     

后疫情下休闲体育产业高质量发展的推进策略

新冠疫情以来,人们的健康意识觉醒,体育产业越来越受重视,本文通过对疫情期间体育产业受到的影响进行分析,从体育消费、体育产品中小企业、体育赛事几个方面阐述了疫情以来体育产业受到的阻碍。凡事都有两面性,疫情也为体育产业带来了新的机遇,"线上+线下"融合、新兴产业的崛起、人们健康意识的加强都因为疫情带来了新的发展动力。在后疫情时代,政府应该推出新的政策与措施鼓励体育产业发展,市场则应该抓住机遇实现体育产业的供给侧改革,通过与新兴产业、互联网等的结合,推动体育产业的转型升级。     

Transition towards and of sustainability—Understanding sustainability as performative

Our purpose is to explore the concept of “sustainability” when understood from a performative perspective, i.e. as a concept that is filled with meaning across time. Drawing on a 10 year-long study of the digital footprint of Stockholm Royal Seaport, claimed to be northern Europe's largest sustainable urban development district, we show that “sustainability” emerged as the project became associated with particular places, projects, histories, and technologies. This means that “sustainability” was local in that it was situated in the particular spatial context of the project; temporal in that it was situated in a particular time; and political in that it expressed particular values and perspectives. The study contributes to explaining why “sustainability” remains—and always will remain—a contested concept, which is why sustainability transitions are complex. Consequently, we suggest that the transition towards sustainability always involves the transition of sustainability, something that needs to be acknowledged in order for a transition to actually become sustainable.     

经济新常态下煤炭企业发展战略研究

着眼于当前我国煤炭企业的新环境,我们要转变视角,致力于探索推动我国煤炭行业发展的新途径和新方法,为了更好地保护矿工的合法权益,保障煤炭行业的可持续发展,煤炭企业需要引进一些创新性技术和先进管理理念。论文主要基于关心矿工生命安全和煤炭企业安全发展的角度,对目前我国煤炭企业的发展提出一些思考和策略。     

Responses to COVID-19: The role of performance in the relationship between small hospitality enterprises’ resilience and sustainable tourism development

Tourism is one of the hardest-hit industries by the global pandemic of Novel Coronavirus (COVID-19). Small tourism enterprises have been heavily affected and have had difficulty in business recovery. This research is an early attempt to explore the direct impact of small hospitality enterprises’ resilience on sustainable tourism development as well as indirect impact through performance. A pre-tested questionnaire survey was self-administered to owner-managers of small hospitality enterprises in Greater Cairo, Egypt. The results of structural equation modeling (SEM) using AMOS showed a positive, direct, and significant impact of resilience (planned and adaptive) on sustainable tourism development and indirect influence through performance. The results of the multi-group analysis showed that enterprise type has a significant effect on the results, where restaurant owner-managers expressed more resilience than their hotel counterparts. Several theoretical (for scholars) and practical implications for tourism policy-makers and owner-managers have been discussed and elaborated.     

装配式房建PC建筑的发展价值与发展方式

本文针对装配式房建PC建筑的发展价值与发展方式,采用理论结合实践的方法,先分析了目前我国装配式房建PC建筑的发展现状,接着探讨了发展装配式房建PC建筑的价值,最后探究了发展装配式房建PC建筑的方式。分析结果表明,装配式房建PC建筑是我国建筑史上的一次大变革,契合绿色、低碳、环保等新时代理念的要求,具有良好的发展价值。     

推动消费升级 引领经济发展——创新江苏消费经济发展新阶段

2018年9月,中共中央、国务院联合发布《关于完善促进消费体制机制,进一步激发居民消费潜力的若干意见》文件。文件根据习近平中国特色社会主义思想,认为“消费是最终需求,既是生产的最终目的和动力,也是人民对美好生活需要的直接体现。”对消费在国民经济中的重要作用进行了深入阐述,将扩大和升级消费放在战略高度来进行谋划和部署,为今后如何进一步发展国民消费指明了前进方向。改革开放以来,江苏省的消费与全国一样发生了巨大变化,但是我们也应看到,江苏消费虽然增长较快,但是与党和国家的要求还存在一定的差距,消费能力、消费意愿、消费供给消费三要素的发展不充分,在消费水平、消费规模和消费结构等方面还存在一定的问题,在满足人民日益增长的需要方面还需要继续努力。特别是在推动江苏经济发展上要发挥更大的作用,通过消费对经济的调节、引领、带动机制促进江苏经济创新发展。因此,我们要继续贯彻党和国家“两个一百年”、江苏率先小康的“强富美高”战略目标,采取得力措施来解决消费矛盾,激发居民消费潜力,通过消费升级使江苏消费和经济均上升到一个新阶段。     

发展无锡文化创意产业 提升城市文化软实力

无锡作为我国“吴文化”起源地之一,经济实力有目共睹,而文化软实力一直是无锡的弱项。在产业结构优化的背景下,第三产业中的创意产业被证实拉动经济成效显著,因此无锡提升文化软实力,可以从创意产业发展入手,是实现“弯道超车”的有效途径之一。文章研究了无锡城市文化现状与问题,包括历史文化产业发展受阻,经济发展后劲不足;无锡城市文化发展趋“利”少“韵”;创意人才缺少等问题。提出发展无锡文化创意产业,提升城市文化软实力的具体建议:发展创意产业,弥补先天历史文化短板;发展创意文化经济,着眼长期效益;建立创意产业人才引进体系、激励体系与培养体系。