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Topic Review
Digital Marketing
The concept of digital marketing is based on a combination of traditional marketing tools and online technologies enabled by the internet in the 1990s . Its synonyms include but are not limited to digital marketing, electronic marketing, e-marketing, and online marketing.
  • 3.1K
  • 22 Jul 2021
Topic Review
Productivity Improving Technologies
The productivity improving technologies are the technological innovations that have historically increased productivity. Productivity is often measured as the ratio of (aggregate) output to (aggregate) input in the production of goods and services. Productivity is increased by lowering the amount of labor, capital, energy or materials that go into producing any given amount of economic goods and services. Increases in productivity are largely responsible for the increase in per capita living standards.
  • 3.0K
  • 23 Nov 2022
Topic Review
Smart City Industries
Smart city industries can be defined as construction businesses based on IT manufacturing (precision instruments, electrical and electronic equipment), IT services (communications and broadcasting) and knowledge services (six fields such as finance and insurance, real estate and lease, professional, scientific and technical services). 
  • 3.0K
  • 06 Sep 2021
Topic Review
Globalization of the Football Transfer Market
The football transfer market has been affected by the increased freedom of movement, trade and communications between different countries since the 1990s. This globalization of the transfer market has impacted the way in which football clubs trade with one another and the relationship between players and their clubs. When professional leagues were first founded, there were significant restrictions preventing footballers from joining whomever they liked. These limitations were put in place by both the clubs these players were tied to, and the leagues in which they played. International labor movement regulations and the difficulties of scouting less developed nations also hindered the development of a liberalized transfer market.
  • 2.9K
  • 11 Nov 2022
Topic Review
Least Developed Countries
The Least Developed Countries (LDCs) is a list of developing countries that, according to the United Nations, exhibit the lowest indicators of socioeconomic development, with the lowest Human Development Index ratings of all countries in the world. The concept of LDCs originated in the late 1960s and the first group of LDCs was listed by the UN in its resolution 2768 (XXVI) of 18 November 1971. A country is classified among the Least Developed Countries if it meets three criteria: (1) Poverty – adjustable criterion based on GNI per capita averaged over three years. (As of 2018) a country must have GNI per capita less than United States dollar 1,025 to be included on the list, and over $1,230 to graduate from it. (2) Human resource weakness (based on indicators of nutrition, health, education and adult literacy). (3) Economic vulnerability (based on instability of agricultural production, instability of exports of goods and services, economic importance of non-traditional activities, merchandise export concentration, handicap of economic smallness, and the percentage of population displaced by natural disasters). As of 2018, 47 countries are classified as LDC, while five have been upgraded between 1994 and 2017. The WTO recognizes the UN list of LDCs in toto. 
  • 2.9K
  • 17 Oct 2022
Topic Review
Green Entrepreneurship
The concept of “green entrepreneurship” has been given significant attention by academics, who push for “going green” to be captured as a measure to raise environmental sustainability. Give this direction, researchers view green entrepreneurship as the answer to ecological and social problems. This concept suggests that the world can become environmentally friendly when individuals pay attention to the “going green” environment. Green entrepreneurship is a new area in academia, both in research and policy forums in Ghana, and is thus no longer a clumsy business, but a charitable social action with the aim of safeguarding and conserving natural resources.
  • 2.9K
  • 30 Jul 2021
Topic Review
Entropy and Banks' Income Diversification
We collected data pertaining to Chinese listed commercial banks from 2008 to 2016 and found that the competition between banks is becoming increasingly fierce. Commercial banks have actively carried out diversification strategies for greater returns, and the financial reports show that profits are increasingly coming from the non-interest income benefits of diversification strategies. However, diversification comes with risk. We built a panel threshold model and investigated the effect of income diversification on a bank’s profitability and risk. Diversification was first measured by the Herfindahl–Hirschman index (HHI), and the results show that there is a nonlinear relationship between diversification and profitability or risk does exist. We introduced an interesting index based on the entropy to test the robustness of our model and found that a threshold effect exists in both our models, which is statistically significant. We believe the combination of the entropy index (ENTI) and the HHI enables more efficient study of the relationship between diversification and profitability or risk more efficiently. Bankers and their customers have increasingly been interested in income diversification, and they value risk as well. We suggest that banks of different sizes should adopt the corresponding diversification strategy to achieve sustainable development.
  • 2.9K
  • 02 Nov 2020
Topic Review
Smart Tourism Ecosystem
For the sustainable tourism experience, a smart tourism ecosystem is created so that personalized, context awareness, as well as real-time monitoring, can be ensured.
  • 2.8K
  • 01 Dec 2022
Topic Review
Index of Industry 4.0
Industry 4.0 is currently identified as a major factor in the future competitiveness of enterprises. However, the implementation and readiness of different technologies varies from one enterprise to another. Based on the performed factor analysis, an Industry 4.0 index (VPi4) was created, which allows the enterprises to determine their current level of Industry 4.0.
  • 2.8K
  • 25 Jun 2021
Topic Review
Purchasing Power Parity and Balassa–Samuelson Effects
The Balassa–Samuelson (BS) hypothesis is often criticized for one of its fundamental, but oversimplified assumptions related to Purchasing Power Parity (PPP) holding which can be confirmed for cronss-country tradables’ prices, implying nontraded-sector prices are solely responsible for inducing trend deviations in real exchange rate. The assumption, when empirically tested, does not always hold valid, revealing a price difference in tradables for Asian countries against the world (U.S.), a potential driver of their trend in real exchange rate deviations (appreciation). 
  • 2.7K
  • 14 Jul 2022
Topic Review
Bioethanol for Cooking
Bioethanol has been identified by the academic literature and in the development community as a promising clean fuel to replace charcoal. Bioethanol is one of the cooking fuels considered to be clean based on the 2014 WHO guidelines, which aim to reduce the health risks associated with exposure to indoor air pollution from household fuel combustion. 
  • 2.7K
  • 19 Oct 2023
Topic Review
Disability in Israel
Disability rights in Israel are based among the rest upon disabillity pensions, accessibility regulations, therapy, special education, sheltered workshop and assisted living. Since the beginning of the 21st century, the disabled people in Israel, with a population of 250,000, have managed to equalize the disability pension from the Bituah Leumi (National Insurance Institute of Israel) to the minimum wage level in Israel. As of 2017, the struggle was made by demonstrations, blocking main roads, highways and industries, activity in social networking services, petitions to the High Court of Justice, negotiations with the Government of Israel and bills in the Knesset. In 2017, a full disability pension was 2,342 ILS. The minimum wage in this year was 5,000 ILS, and in December 2017 it went up to 5,300 ILS per month.
  • 2.7K
  • 01 Nov 2022
Topic Review
Design
A design is a plan or specification for the construction of an object or system or for the implementation of an activity or process, or the result of that plan or specification in the form of a prototype, product or process. The verb to design expresses the process of developing a design. In some cases, the direct construction of an object without an explicit prior plan (such as in craftwork, some engineering, coding, and graphic design) may also be considered to be a design activity. The design usually has to satisfy certain goals and constraints, may take into account aesthetic, functional, economic, or socio-political considerations, and is expected to interact with a certain environment. Major examples of designs include architectural blueprints, engineering drawings, business processes, circuit diagrams, and sewing patterns. The person who produces a design is called a designer, which is a term generally used for people who work professionally in one of the various design areas—usually specifying which area is being dealt with (such as a textile designer, fashion designer, product designer, concept designer, web designer or interior designer), but also others such as architects and engineers. A designer's sequence of activities is called a design process, possibly using design methods. The process of creating a design can be brief (a quick sketch) or lengthy and complicated, involving considerable research, negotiation, reflection, modeling, interactive adjustment and re-design.
  • 2.7K
  • 07 Nov 2022
Topic Review
Resources Cycle
Resources cycle means volatility in the resources sector over a period of time based on metrics such as value or production volume. Resource cycles present considerable heterogeneity with differing time lines but generally run from a low point (production, demand or value) through a period of increase, before returning to a comparable low point. Since the turn of the century this concept has driven discourse and research into housing markets, investment opportunities and socioeconomic change in resource towns of a country as the impacts of mining driven change become increasingly pronounced.
  • 2.6K
  • 23 Aug 2021
Topic Review
Risk Factors in Business Valuation
It is widely accepted that risk and uncertainty are integral parts of the property valuation process. Uncertainty in property valuation is derived from the characteristics of property itself. The issue pertaining to risk and uncertainty in property valuations is currently one of the key concerns in global valuation practice to date in addressing the decision of risk and uncertainty in valuation, especially for business purposes or in the current term known as business valuation. The judgment and experience still depend on the expertise of the individual valuers alone.
  • 2.6K
  • 01 Mar 2023
Topic Review
Sustainable Innovation Ecosystems
Innovation ecosystem is a intertwined network of multi-layer relationships through which relevant knowledge and creativity flow through a framework of sustained value co-creation. The term gained popularity among academics, policymakers, managers and entrepreneurs in the last decades. These complex relations between players aim to enable technology development and innovation with an open mindset and promoting the responsible and inclusive exploitation of resources.
  • 2.6K
  • 27 Oct 2020
Topic Review
Impact of COVID-19 on Social/Health/Economy
The COVID-19 pandemic is the most large-scale pandemic on earth this century, and the impact in all life sectors is devasting and directly affected human activity in the first wave. The impact on the economy, social care systems, and human relationships is causing an unprecedented global crisis. SARS-CoV-2 has a strong direct acute impact on population health, not only at the physiological level but also at the psychological level for those who suffer it, those close to them, and the general population, who suffer from the social consequences of the pandemic. In this line, the economic recession increased, even more, the social imbalance and inequity, hitting the most vulnerable families, and creating a difficult context for public institutions to address. 
  • 2.6K
  • 15 Jun 2021
Topic Review
Currency War of 2009–11
The Currency War of 2009–2011 was an episode of competitive devaluation which became prominent in the financial press in September 2010. Competitive devaluation involves states competing with each other to achieve a relatively low valuation for their own currency, so as to assist their domestic industry. With the financial crises of 2008 the export sectors of many emerging economies have experienced declining orders, and from 2009 several states began or increased their levels of intervention to push down their currencies. Both private sector analysts and politicians including Tim Geithner have suggested the phrase currency war overstates the extent of hostility, but the term has been widely used by the media since Brazil's finance ministers Guido Mantega September 2010 announcement that a "currency war" had broken out. Other commentators including world statesmen such as Manmohan Singh and Guido Mantega suggested a currency war was indeed underway and that the leading participants are China and the US, though since 2009 many other states have been taking measures to either devalue or at least check the appreciation of their currencies. The US does not acknowledge that it is practicing competitive devaluation and its official policy is to let the dollar float freely. While the US has taken no direct action to devalue its currency, there is close to universal consensus among analysts that its quantitative easing programmes exert downwards pressure on the dollar. According to many analysts the currency war had largely fizzled out by mid-2011, though others including Mantega disagreed. As of March 2012, outbreaks of rhetoric were still occurring, with additional measures being adopted by countries like Brazil to control the appreciation of their currency. Yet by June, there were signs that currency misalignment had been levelling out in China and across the world, with even Mantega relaxing some of Brazils anti-appreciation controls. Alarms were raised concerning a possible second 21st currency war in January 2013, this time with the most apparent tension being between Japan and the Euro-zone.
  • 2.5K
  • 01 Dec 2022
Topic Review
Interaction Between Monetary and Fiscal Policies
Fiscal policy and monetary policy are the two tools used by the state to achieve its macroeconomic objectives. While for many countries the main objective of fiscal policy is to increase the aggregate output of the economy, the main objective of the monetary policies is to control the interest and inflation rates. The IS/LM model is one of the models used to depict the effect of policy interactions on aggregate output and interest rates. The fiscal policies have a direct impact on the goods market and the monetary policies have a direct impact on the asset markets; since the two markets are connected to each other via the two macrovariables output and interest rates, the policies interact while influencing output and interest rates. Traditionally, both the policy instruments were under the control of the national governments. Thus traditional analyses were made with respect to the two policy instruments to obtain the optimum policy mix of the two to achieve macroeconomic goals, lest the two policy tools be aimed at mutually inconsistent targets. But more recently, owing to the transfer of control with respect to monetary policy formulation to central banks, formation of monetary unions (like European Monetary Union formed via the Stability and Growth Pact), and attempts being made to form fiscal unions, there has been a significant structural change in the way in which fiscal and monetary policies interact. There is a dilemma as to whether these two policies are complementary, or act as substitutes to each other for achieving macroeconomic goals. Policy makers are viewed as interacting as strategic substitutes when one policy maker's expansionary (contractionary) policies are countered by another policy maker's contractionary (expansionary) policies. For example: if the fiscal authority raises taxes or cuts spending, then the monetary authority reacts to it by lowering the policy rates and vice versa. If they behave as strategic complements, then an expansionary (contractionary) policy of one authority is met by expansionary (contractionary) policies of the other. The issue of interaction and the policies being complements or substitutes for each other arises only when the authorities are independent of each other. But when the goals of one authority are made subservient to those of the other, then one authority solely dominates the policy making and no interaction worthy of analysis would arise. Also, fiscal and monetary policies interact only to the extent of influencing the final objective. So long as the objectives of one policy are not influenced by the other, there is no direct interaction between them.
  • 2.5K
  • 02 Nov 2022
Topic Review
The New Palgrave Dictionary of Economics
The New Palgrave Dictionary of Economics (2008), 2nd ed., is an eight-volume reference work on economics, edited by Steven N. Durlauf and Lawrence E. Blume and published by Palgrave Macmillan. It runs to 7,680 pages and 5.8 million words. It includes 1,844 articles, of which 1057 are new articles and, from the earlier edition, 80 "classic" essays, 157 revised articles, and 550 edited articles. It is the product of 1,506 contributors, 25 of them Nobel Laureates in Economics. Articles are classified according to Journal of Economic Literature (JEL) classification codes. The New Palgrave is also available in a hyperlinked online version. Article information by abstract, outline, and keywords is available without subscription. These are accessed by "Go to" or "Quick" searches or alphabetical article links by first letter, see Articles A-Z. Refined search by using JEL classification code, article elements, Boolean operators, or wildcards is available, see Advanced search. Online content is added to the 2008 edition from quarterly updates links, see Online Updates. The first edition was titled The New Palgrave: A Dictionary of Economics (1987), edited by John Eatwell, Murray Milgate, and Peter Newman and published in four volumes. It is discussed in a section below. Access to full-text articles for both editions and post-2008 updates is available online by subscription, whether of an organization, a person, or a person through an organization.
  • 2.5K
  • 29 Nov 2022
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