Macro Management & Public Policies
EISSN : 2661-3360
Published by: Bilingual Publishing Co. (10.30564)
Total articles ≅ 40
Latest articles in this journal
Macro Management & Public Policies, Volume 3; https://doi.org/10.30564/mmpp.v3i3.3589
Due to the transparency, simplicity, and blockchain system, cryptocurrencies gained popularity in the modern world. This led to more use of cryptocurrencies for speculation and investment rather than a medium of exchange. It is crucial to analyse the nature of the crypto market before investing in such currencies. With this intention, the paper tried to know the extent of following (Followness) of altcoins to the bitcoin in the different dominance phases like High Dominance, Low Dominance, and Moderate Dominance. For this purpose, daily closing prices of the Bitcoin and five major altcoins (Ethereum, Litecoin, Namecoin, Doge, and Ripple) are collected for the last five years and analyse the relationship between bitcoin and altcoins. Pearson's correlation coefficient test is used to know the direction of the relationship, and Vector Error Correction Model is used to see the extent of the relation. In general, the empirical result of the study showed cointegration between bitcoin and Altcoin. It also depicted that Altcoin showed a high level of followness in the moderate dominance phase and low followness in the low dominance phase. The study developed a price estimation equation to predict the price of altcoins depending upon the price of bitcoin and its dominance in the crypto market. This paper concludes that the dominance of Bitcoin also has a significant role in the price movement of altcoins.
Macro Management & Public Policies, Volume 3; https://doi.org/10.30564/mmpp.v3i3.3595
The objective of this study was to analyse the effect of donor funding on the performance of water utilities in Kenya. The study employed the use of a census by targeting all 88 regulated Water Services Providers (WSPs) in Kenya for a period of two years, 2016 and 2017. Data pertaining to the support received from the donors were obtained from the publications of the WSPs, Development Partners, Civil Society Organisations (CSOs), and Office of Auditor General (OAG). Performance data of the various WSPs were extracted from the Impact reports produced by Water Regulatory Board (WASREB), for the periods 2016/7 to 2017/8. Presentation of the data was done through the use of tables and charts with the application of SPSS. The study found that donor funding issued as Output Based Approach (OBA) leads to improved performance. This finding is expected to assist the Kenyan Government in negotiating for the Official Development Assistance (ODA) funding to be aligned to the government flagship projects under the Medium Term Plans (MTP). The study recommends OBA as the best way of issuing donor funding.
Macro Management & Public Policies, Volume 3; https://doi.org/10.30564/mmpp.v3i3.3599
Street vending is a form of informal economy. The main participants of street vending economy consist of exploited workers, rural-urban migrants who are in low level of socioeconomic households, common workers, and some individual households. Most of the studies and articles have explored how to regulate the street vending economy and how to facilitate the relationship between vendors and city authorities, but the important constitute of street vending economies, rural migrants, has received little attention from scholars and there is little research about it. What role does street vending economy play in the lives of this segment of this population which itself faces a number of challenges in migrating and integrating into the city? We have found out that street vending functions as a platform which helps these people to better integrate into the cities. Through desktop research and case studies, this paper explores how street vending economy helps rural to urban migrants integrate into the city from four perspectives: identity integration, integrating in economic level, integrating in social level, and females' empowerment.
Macro Management & Public Policies, Volume 3; https://doi.org/10.30564/mmpp.v3i3.3546
Ability to have access and use financial goods and services such as bank and mobile money accounts indicates the overall financial inclusion level of an economy and the higher the indices are in any economy, the better that economy is. Financial inclusion is important to realize inclusive growth in any country. It has direct impacts on the level of growth and development experienced by any economy. It can however, be skewed along gender lines as noticed overtime in the Nigerian economy and other developing economies. This study examined financial inclusion in Nigeria: a gender gap approach. It also determined the factors responsible for the gender gaps. The Global Findex (2014) dataset of Nigeria from World Bank database was used to analyse the aims of the study. In the study, 61% of the men were financially included, while only 43% of the female were financially included, with 18% gap. The gap in endowments accounted for the huge difference of the gap in outcomes as males seemed to be more naturally favoured by society than females. The level of education, wealth quintile, saved in past 12 months for farm/business purposes, sent domestic remittances in the past 12 months, paid utility bills in the past 12 months, and received wage payments in the past 12 months are the factors explaining the gender gaps in Nigeria. Thus the government and other relevant stakeholders should encourage females along these factors.
Macro Management & Public Policies, Volume 3; https://doi.org/10.30564/mmpp.v3i2.3013
As public service testing structure of testing products, the quality of product testing report issued by the third-party laboratory has a great impact on the healthy development of market economy. In the face of the new situation of rapid economic development, the third-party laboratory develops rapidly, but the government supervision is not in place, which restricts the healthy and orderly development of the third-party laboratory. Therefore, it is very necessary to study how the government effectively supervises the thirdparty laboratory. This paper takes Suzhou as an example. On the basis of in-depth investigation, using the theory of service government, this paper analyzes the current situation of Suzhou municipal government’s supervision of third-party laboratories, and probes into the problems existing in the supervision and management system, the supervision is not comprehensive, and the independence of the supervision team is not strong. Based on the advanced experience of foreign countries in supervising the third-party laboratory, this paper puts forward some countermeasures and suggestions to promote the Suzhou municipal government to strengthen the supervision of the third-party laboratory from the aspects of improving the implementation rules of laws and regulations, increasing the investment, strengthening the equipment update and team building, increasing the punishment for violations of laws and regulations, and giving full play to the masses and industry supervision.
Macro Management & Public Policies, Volume 3; https://doi.org/10.30564/mmpp.v3i2.3503
The state budget balance is always an extremely important issue for each government. In 2020, Vietnam has a relatively small-scale economy. Its economic scale and GDP per capita reached 271.2 billion USD and 2,779 USD respectively. Budget revenue is still limited, but the need for recurrent spending and development investment is still very large now and in many years to come. In the past time, budget revenue and expenditure are in a situation of not having the necessary balance, the state budget deficit has been still around 4.5 percent of GDP. The actual state budget revenue and expenditure balance have been revealing several disadvantages. Faced to such a situation, the author would like to present some important issues about the state budget revenue and expenditure and propose key solutions to increase the efficiency of state budget revenue and expenditure in Vietnam.
Macro Management & Public Policies, Volume 3; https://doi.org/10.30564/mmpp.v3i2.3414
The focus of this research lies in community empowerment based on culture and local communities as well as sustainable ecotourism, which is directed at a complicated mechanism of empowerment elements, local culture that is thick in ecotourism to get added value for the novelty of ecotourism research. The object of research is Wasur National Park (WNP), Papua, Indonesia. Qualitative methods have been used to obtain accurate data and information, i.e., in-depth interviews with indigenous people to find out the benefits or functions of their culture that can be developed in ecotourism, interviews with leaders and staff of WNP and the Department of Culture and Tourism to find out the potential and processes empowerment and existing tourism potential. As a result, from the perspective of empowerment, local people will easily follow the empowerment process provided that they use methods that are culturally appropriate which is from the viewpoints from the culture of sasi, totem and sacred places. The culture adopted by the community is in accordance with the principles of ecotourism that supports sustainability, environmental conservation, protection of environmental resources and increases economic value. However, it is recommended to carry out modified socialization in accordance with the current conditions. Hence, tourists who visit WNP do not become afraid of the very rigid sanctions which are applied to them who violate the existing cultural and environmental customs. Moreover, to get added economic value in the tourism business within WNP, it is necessary to explore the potential of cultural wealth, natural and biological wealth so that it becomes the main attraction in carrying out the economic empowerment of local communities in the field of ecotourism.
Macro Management & Public Policies, Volume 3; https://doi.org/10.30564/mmpp.v3i2.3506
As a typical informal system, social capital plays an important supplementary role in China’s economic transition period. Informal finance based on commercial credit plays a role in the economic cycle. However, there is currently a lack of literature to directly examine the impact of social capital on the use of commercial credit by enterprises. This article aims to systematically sort out the theoretical development of social capital on commercial credit, which mainly includes the definition of social capital, its effects, the influencing factors of commercial credit, and the summary of the existing research results of social capital on commercial credit. It is hoped that this literature review will provide guidance for future research.
Macro Management & Public Policies, Volume 3; https://doi.org/10.30564/mmpp.v3i2.3553
Almost Vietnamese big businesses often use outsourcing services to do marketing researches such as analysing and evaluating consumer intention and behaviour, customers’ satisfaction, customers’ loyalty, market share, market segmentation and some similar marketing studies. One of the most favourite marketing research business in Vietnam is ACNielsen and Vietnam big businesses usually plan and adjust marketing activities based on ACNielsen’s report. Belong to the limitation of budget, Vietnamese small and medium enterprises (SMEs) often do marketing researches by themselves. Among the marketing researches activities in SMEs, customer segmentation is conducted by tools such as Excel, Facebook analytics or only by simple design thinking approach to help save costs. However, these tools are no longer suitable for the age of data information explosion today. This article uses case analysing of the United Kingdom online retailer through clustering algorithm on R package. The result proves clustering method’s superiority in customer segmentation compared to the traditional method (SPSS, Excel, Facebook analytics, design thinking) which Vietnamese SMEs are using. More important, this article helps Vietnamese SMEs understand and apply clustering algorithm on R in customer segmenting on their given data set efficiently. On that basis, Vietnamese SMEs can plan marketing programs and drive their actions as contextualizing and/or personalizing their message to their customers suitably
Macro Management & Public Policies, Volume 3; https://doi.org/10.30564/mmpp.v3i1.2893
Population is a phenomenon ever changing more positively rather than the vice versa. It is more increasing in Asian countries. The increase of population in Asia is not compatible with the geographical size and capacity of the countries concerned. Through the process of urbanization, and in the form of migration, a large number of people have left their birth lands for cities and new lands. Such a change over contributes to overpopulation, pollution and environmental issues in the new areas and under population in birth lands; villages and cities. Such a transition creates complex issues in the new destinations which are sociologically worth appraising