• Title/Summary/Keyword: Market economy

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Factors Determine Exchange Rate Volatility of Somalia

  • Mohamud, Isse Abdikadir
    • East Asian Journal of Business Economics (EAJBE)
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    • v.3 no.4
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    • pp.9-15
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    • 2015
  • The exchange rate is a very important macro variable that has influence on the whole economy and has, therefore, been the topic of many discussions amongst policymakers, academics and other economic agents. The issue of whether to have a fixed, pegged or floating exchange rate regime was highly debated during the 1970s. The purpose of this paper is to investigate what factors determine the exchange rate in Somalia. Quantitative research methodology has been employed to develop regression model using time series data for the period of 12 years. The regression model has been developed based on Quantity theory of money, purchasing power parity and uncovered interest rate parity theory. Somalia is on the countries where the highest exchange rate volatility exists; for example in 2012, the rate jumped 29% percent and two weak later dropped 21%, when Turkish humanitarian aid agencies injected the market a lot of U.S dollar. Based on my study using regression model for time series data of 12 years, the four factors are mainly attributable for the exchange rate volatility of Somalia; these factors include the balance of payment, inflation rate, money supply (mostly come from remittance and NGOs) and Bank profits.

The Influence of Social Capital Types Through Social Media on Consumer Citizenship (소셜미디어를 통한 사회자본 유형이 소비자시민성에 미치는 영향)

  • Jang, Il Hoon;Lee, Seonglim;Park, Eun Jung
    • Journal of Families and Better Life
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    • v.35 no.1
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    • pp.107-124
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    • 2017
  • Consumer citizenship is essential for better market and economy, and social capital plays an important role for raising consumer citizenship. This study explored the types of social capital developed on social media, and investigated the relationship between consumer citizenship of college students and social capital. Using data from 263 undergraduate students currently using social media, K-mean cluster analysis, one-way ANOVA, Duncan's multiple range test, chi-squared test, and multiple regression analysis were conducted. The major results were as follows. First, four types of social capital on social media were identified: mediocre social capital, instrumental-centered social capital, weak social capital, and strong social capital. Second, socio-demographic characteristics variables such as gender and work experience showed significant difference by type of social capital through social media. In addition, the most used social media and time for using social media variables showed significant difference by type of social capital through social media. Third, controlling for socio-demographic characteristics and social media usage pattern, the types of social capital had a significant effect on consumer citizenship. Based on the results, the implications for consumer education to develop consumer citizenship were suggested.

A Study on Shose Using Straw and Hemp (초.마혜에 관한 연구)

  • 김지희
    • Journal of the Korean Home Economics Association
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    • v.28 no.3
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    • pp.1-12
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    • 1990
  • Though many thousands years of long history of Korea, many changes have taken place in politics, economy, culture, religion, arts and science, but the writer, in this thesis, has traced historical development of footwear that common people use as one of necessities of human life. Since the footwear is included in clothing, the history of footwear may be also traced along with the history of clothing. In the beginning, the shoes were only made to serve the purpose of protection of feet. As time passed by, the purpose gradually developed the skill in making shoes. Taking a historical of straw and hemp into consideration, I have studied on shoes using straw and hemp in this thesis. The history of straw and hemp can be retroacted to the beginning stage of the human culture. These straw and hemp have been developed over and over again for long time and it has its own distintion inquality so that these refined products used by noble men and these careless ones were used by the common people. In Japan, these straw and hemp were effected by the influence of typical continental climate, made characteristic shape. Since 1930s rubber shoes were introduced to Korea and traditional Korean shoes came to disappear in Korean market. Because of this, we now can see the traditional Korean shoes only in the windows of Museum.

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Factors Affecting E-Commerce Usage Intention: Focused on Marketing Strategies for the Elderly (고령자의 전자상거래 이용의도에 영향을 미치는 요인: 고령자 대상 마케팅 전략을 중심으로)

  • Jung, Ji-Hoon;Koh, Joon;Kim, Kyun Soo
    • The Journal of Information Systems
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    • v.26 no.4
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    • pp.355-378
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    • 2017
  • Purpose As elderly people are increasing rapidly in the world, consumption of elderly people is also increasing. However, there have been only marketing strategies for elder citizens centered on off-line. Therefore, apply marketing strategies to e-commerce suitable for the elderly in the future through online. This research was conducted to propose some marketing strategies relevant to elder people in the e-commerce context. Design/methodology/approach This study, for the preliminary research, firstly implemented the in-depth interviews based on prior studies, through preliminary research and analysis of previous research and then some research questions were set. With the research questions, we conducted a survey for elderly people and empirically validated the research model, testing given hypotheses. Findings Among the seven hypotheses, three hypotheses were supported by data analysis. Based upon the findings of this study, in order to do this, we have established a marketing strategy that utilizes e-commerce for elderly people who have purchasing power according to the principle of market economy.

A Study on the Growing Trend of Multi-habitation and its Demand Analysis (멀티헤비테이션의 발전 가능성 및 수요특성 분석)

  • Choi, Jung-Min
    • Journal of the Korean housing association
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    • v.21 no.1
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    • pp.89-101
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    • 2010
  • The purpose of this study is to investigate the concept, the necessity, and the increase of popularity of multi-habitation, a new life style in which inhabitants in urban areas reside in primarily condominiums during weekdays and retreat to dwellings in rural areas on the weekends. This paper also focuses on finding implication messages from analyzing the demand of multi-habitation in a survey which was conducted for 735 people who live in Seoul and the surrounding metropolitan areas in July 2009. Analysis of literature shows that based on five aspects (population structure, social economy, lifestyle, tourism, and housing market) this dynamic lifestyle, multi-habitation, is believed to be common in South Korea, and may increase in popularity in the near future. The results of the survey illustrate that the respondents show high interest in multi-habitation, and their most preferred locations are the green areas around the Seoul metropolitan area, which are one to two hours away by car. Moreover, regarding the participants' preferences in rural areas they were classified into three groups; those who want to reside in a nature environment, those who want to reside near family and in a close community, and those who want to reside in an environment that has essential facilities and easy accessibility.

Priority Analysis of User Interface Evaluation Criteria for the Elderly Based on User's Lifestyle (라이프스타에 의한 노인 사용자 인터페이스 평가 우선 순위 분석)

  • Shin, Won-Kyoung;Park, Min-Yong
    • Journal of the Ergonomics Society of Korea
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    • v.29 no.3
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    • pp.287-296
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    • 2010
  • The purpose of this research is to analyze priority of the elderly user interface (UI) evaluation criteria based on user's lifestyle. Since the elderly population will occupy over 20% of the all Korean population in the near future, we need to know older users' needs and information because elderly users will be main customers in the super-aged society. This paper investigated the definition of elderly users and characteristics demographically, socio-economically, and physically/cognitively. A total of 238 questionnaires from older users were analyzed based on a segmentation table for the elderly developed by the previous study. According to factor analysis and cluster analysis, 6 types of lifestyle and 4 groups of the elderly users were classified, respectively. The priority of UI evaluation criteria for large electronic home appliances and mobile products was analyzed by analyses of variance (ANOVAs). The results indicated that the priority of (physical, emotional, and cognitive) UI criteria was significantly different among elderly users' lifestyles for both home appliances and mobile products. Consequently, the results of this study may help the company develop some competitive silver products and give higher satisfaction to the elderly users by suggesting different priority of UI evaluation criteria according to the target elderly group. The results may also contribute to revitalize national economy by significantly increasing senior market shares.

A Study on the Vicarious Liability of Employers in China - Focus on Article 35 of Tort Liability Law - (중국의 사용자책임에 관한 연구 - 불법행위책임법 제35조를 중심으로 -)

  • SONG, Soo-Ryun
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.77
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    • pp.285-304
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    • 2018
  • With the development of market economy, it has been a legislative trend to establish a system for vicarious liability of employers. China also established Tort Liability Law of People's Republic of China in 2009 and ruled responsibility of the employers for the acts for their employees through Art. 35. First, the employer's right to indemnity to an employee should be recognized, because employer's superintendence is much weak and economic power is similar between them. Second, an employer should take a responsibility for an unpaid employee as vicarious liability, because the Law did not exclude them from employees. Lastly, in case the Law conflicts with Interpretation of the Supreme People's Court on Certain Issues Concerning the Application of Law in Trying Cases Involving Compensation for Personal Damage, the Law should be regarded it has priority based on several related Principles. Regarding these matters, this study guides you to an analysis of vicarious liability of employers in China, benefits with a view to the perfection of the vicarious liability regime.

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A Study on the Culture Marketing Using the "Digital Costume Avatar"

  • Kim, Young-Sam
    • Proceedings of the Korea Society of Costume Conference
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    • 2003.10a
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    • pp.77-77
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    • 2003
  • If we look closely to the power shift of the powerful countries historically. during the 16th century Spain's power came from gold, colony trade, the mercenary force, close relation with the thrown, 17th century Netherlands owes their power to trade, capital market, the marines, 18th century France owes it to population, agriculture, public administration, and the army. Also, England had their industry, political unity, finance and trust, the marines, liberalistic principles, a geographical merit of being an island which can be defended well and the 20th century America has their cosmopolitan culture, supernational communication, the capacity of the economy, science technology, military strength, alliances, liberalism international formation. But in the 21st century culture and art will prevail over the information age where technology and knowledge was the key, and it is predicted that this will be the source of power for a strong country. Rolfe Yesson, the head of The Copenhagen Research Center for future studies said, "Information age has ended and in the future Dream Society will arrive which focuses on making distinctions by delivering dreams and emotions to consumers". As cyberspace gradually substitutes reality, cyberspace has become more than an information search engine and has become a place where people fulfill their desires and exchange culture. And as a medium for diffusing culture, the importance of the digital dress-up avatar is predicted to increase gradually.gradually.

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Halal Orientation Strategy(HOS) Reinforces to Positive Results on Quality, Time, Cost Control and Flexibility among Halal Food Manufacturers in Malaysia Context

  • Talib, Zunirah Md;Kassim, Normalini Md;Zainuddin, Yuserrie
    • Asia-Pacific Journal of Business
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    • v.9 no.2
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    • pp.15-37
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    • 2018
  • The purpose of this paper was to explain on the conceptualisation of the Halal Orientation strategy (HOS) based on operation strategy perspective. The four variables constitute in HOS are staffing, materials, production process and storage together with transportation. By focusing on HOS, the manufacturers reinforce improvement in quality, cost control, time and flexibility of the production Halal food industry in Malaysia which is the performance objective of market competitiveness in Malaysia context. A self-administered questionnaire was designed and used to assess the significant of HOS that lead to improve quality, cost control, reduction in time and the flexibility among Halal food manufacturers in Malaysia. From a total of 443 Halal food manufacturers were involved in this study, only 137 respondents are usable for this research. The study showed significant results for the manufacturers to focus in Halal Orientation strategy (HOS) which have positive impacts on quality, cost control, time and flexibility. This research aimed to measure the HOS among food firms in Malaysia and to determine HOS in relation with the performance objective of operational outcomes.

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A Study on Intelligent Production Information in Digital Convergence (디지털 컨버전스에서의 지능적 생산정보화에 관한 연구)

  • Lee, Seong-Hoon;Lee, Dong-Woo
    • Journal of Digital Convergence
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    • v.12 no.2
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    • pp.295-300
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    • 2014
  • In information society, Convergence was combined with a word 'digital'. Digital convergence means a service or new product which appeared through fusion of unit technologies in information and communication regions. The effects of convergence technologies and social phenomenons are visualized in overall regions of society such as economy, society, culture, etc. Nowadays, manufacturing field are facing new challenges, through digital information and global integration, toward sophisticated production. This paper presents the system configuration and issues of current manufacturing execution system(MES), and describes major issues and solving elements to establish a MES system for cloud services. Also, we propose a method for building a manufacturing information system to have the optimized production flow and to respond appropriately to consumer market.