Journal of Economic Science Research

Journal Information
EISSN : 2630-5240
Published by: Bilingual Publishing Co. (10.30564)
Total articles ≅ 79
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Yuxiang Zheng, Xiu Chen
Journal of Economic Science Research, Volume 5, pp 18-29; https://doi.org/10.30564/jesr.v5i2.4775

Abstract:
As the core element of the brand, brand personality is closely related to the personality of tourists. Unique and distinctive brand personality has become an important means for tourism destinations to enhance their core competitiveness. Through text analysis, the content of the online review content of three coastal tourist destinations in Yalong Bay, Silver Beach, and Gulangyu Islet were analyzed. The brand personality of coastal tourist destinations was identified from the perspective of tourist perception, and the selected 3 coastal tourist destinations were identified by correspondence analysis. Comparative analysis on a case-by-case basis.The research results show that the brand personality of coastal tourism destinations perceived by tourists is mainly concentrated in the two dimensions of “elegance” and “benevolence”, but different coastal tourism destinations have their own distinct and unique brand personalities. On this basis, directional suggestions for the development of brand personality in coastal tourism destinations are given.
Siqi Xu, Xin He
Journal of Economic Science Research, Volume 5, pp 13-17; https://doi.org/10.30564/jesr.v5i2.4495

Abstract:
To revitalize Chinese economic activities under the influence of the pandemic, the Chinese government adjusts the policies and attitudes about street vending. Taking Nanjing as a typical example of a city of street vending, the paper expounds in-depth on the positive impact of street vending on the economy after the pandemic. Meantime, it also describes the new management policies of street vending made by the Nanjing government to develop with a good trend. In addition, the paper directly reflects Nanjing people’s views on street vending and the resulting behavior through professional data. Finally, through the analysis of the advantages of street vending, it proves that the support from street vending in the Chinese economy is non-negligible after the pandemic.
Olufemi Olabode Olayemi, Patrick Sunday Okonji, Elohor Katherine Idolor, Frank Alaba Ogedengbe
Journal of Economic Science Research, Volume 5, pp 1-12; https://doi.org/10.30564/jesr.v5i2.4276

Abstract:
The small and medium enterprise firms are renowned for improving the nation’s economy through the provision of job opportunities for its populace, improving the financial and investment status of the countries and provision of innovative products that meets the need of the people. SMEs are key players in the economy, through sustainable development goals (SDGs) enabling them to thrive in the open business environment and actively applying the digital transformation, promoting inclusive and sustainable industrialization should be the core of any country government. This research is designed to explore the influence of government intervention and support on enterprise performance and growth in five business sectors- Hospitality, Education, Health care, Bottled Water Production and Transport and Logistics organizations. The research paper had a descriptive research design with a randomly selected sample size of one hundred and ninety- seven respondents.The research hypotheses were tested using (Factor Analysis and Ordinal Logistic Regression Analysis) with Statistical Packages for Social Science (SPSS) version 25. The results of the study reveal that government intervention policies and intervention programmes when instituted will promote the growth of business firms in Nigeria. Also identified are relevant recommendations that serve as motivation for policy administrators, entrepreneurs, and business managers to ensure that relevant intervention programme is adopted to boost performance and growth of the SME sector in Nigeria.
Aoulad Hosen
Published: 1 January 2022
Journal of Economic Science Research, Volume 5; https://doi.org/10.30564/jesr.v5i1.3867

Abstract:
This article examines the public revenue and expenditure patterns and its nexus of a few countries. This paper employs panel unit root, panel cointegration and Vector Error Correction Model to analyze the inter-temporal association among the variables of government revenues, expenditures and the growth of GDP through the panel data of ten divergent nations over the period 2001 to 2017. The study exercised three cointegration tests and these estimates find the evidence of long run association among articulated three variables. To know the cross-section status of different nations this paper diverted Phillips-Peron test with bandwidth statistics and it asserted that, all ten countries secured the long run association among the variables. The study uncovered that, growth of GDP has escalated in 0.78% by one percentage increase in revenue expenditure; meanwhile, 1.41% lessening in GDP growth by one percentage increase in revenue income. The specified model is supported by a few diagnostic tests.
He Huang, Ailun Liang, Shiqi Fang, Jiexuan Chen, Wenbiao Li, Yuyang Ma, Yuchun Wang, Chien Chi Chu
Published: 10 December 2021
Journal of Economic Science Research, Volume 5; https://doi.org/10.30564/jesr.v5i1.4105

Abstract:
With the development of urban-rural integration in China, the functional value of homestead bases has evolved from a single residential security value to a multiple composite values, and the property income of homestead bases has gradually become the value driver of transfer and the intrinsic demand of farm households. This paper takes Baitafan of Jinzhai County, Chongqing City, and Xiaofang Yu Village of Ji County as examples for in-depth discussion, and finds that the dominant value drivers of home base transfer mainly include three kinds: capitalization income, commercialization income, and non-farm employment income. The study concludes that it is important to give full play to the resource endowment effect and identify the dominant value of home base transfer according to local conditions to promote the standardized home base transfer and implement the rural revitalization strategy.
Kangping Wu, Mengtao Wu
Published: 1 December 2021
Journal of Economic Science Research, Volume 5; https://doi.org/10.30564/jesr.v5i1.3796

Abstract:
Human capital, as a synthesis of wisdom and physical fitness condensed in workers, is sometimes confused with technological innovation by existing literature. This paper makes comparisons between these two terminologies. Technological innovation is a short-term activity that attaches importance to economic benefits while human capital accumulation is a long-term strategic process with lifelong benefits, and human capital is the foundation of technological innovation. In empirical part, this paper adopts Solow Residual Method to calculate stock, elasticity and growth rate of human capital of 10 countries after eliminating physical capital, labor force and technological innovation. It is found that human capital stock in the United States is the largest and human capital growth in China is the fastest. Calculation is followed by measurement. We construct a comprehensive index of human capital by using Index Weight Assignment Method and Two-level & Three-factor CES Function to measure and predict human capital level in China. Both calculating and measuring results show that growth rate of China’s human capital is around 5%. In the future, for highquality economic development, China should give priority to human capital development and comprehensively improve human capital competitiveness.
Chao Gao
Published: 1 December 2021
Journal of Economic Science Research, Volume 5; https://doi.org/10.30564/jesr.v5i1.3746

Abstract:
In the face of the impact of the epidemic on the industrial chain and supply chain, it is an inevitable requirement for industrial development to ensure the dynamic balance of the supply chain. Supply chain is the basis for the generation of industrial chain. Industrial linkage can promote the rational layout of industries. The operation mode of supply chain is the main driving force of industrial linkage. To build a dynamic and balanced supply chain, we must focus on symbolic industries and adopt measures of chain protection, chain supplement, chain creation and chain financing.
Javier de Oña García Matres, Tuan Viet Le
Published: 30 October 2021
Journal of Economic Science Research, Volume 4; https://doi.org/10.30564/jesr.v4i4.3782

Abstract:
This study investigates the impact of money supply on economic growth rate, inflation rate, exchange rate and real interest rate. We used a panel of 217 countries from 1960 to 2020 and four different models to address these questions. The empirical results support the quantity theory of money. In addition, the study found evidence for a negative relationship between real interest rate and inflation and between money supply and real interest rate. Finally, our results show that lagged money growth rate is positively correlated with GDP growth rate but money growth rate is negatively correlated with GDP growth rate.
Published: 20 October 2021
Journal of Economic Science Research, Volume 4; https://doi.org/10.30564/jesr.v4i4.3618

Abstract:
The Chinese sent-down movement between the mid 1950s to the late 1970s is a suffering period for Chinese sent-down youths. Using the treatment effect model and the ordered probit model, we examine the impact of sent-down experience on sent-down youths’ income and happiness based on the sample of CGSS2003 and CGSS2006. By doing so, we can explore the long-term consequences of one’s suffering experience. The overall sample regression results show that sent-down experience increase 42% of individuals’ income, while reducing 13% of individuals’ happiness. Sub-sample analysis results are robust to the collusion that the sent-down experience makes a positive impact on income and a negative impact on happiness. This study provides objective evidence for the historical evaluation of sent-down movement, new interpretation for the Easterlin paradox from the view of personality latitude, new empirical evidence for supporting the new human capital theory, useful inspiration for the current sent-down policy of college graduates’ employment.
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