The treatment of seasonality in error correction models as unobserved component: a case study for an Austrian consumption function

This paper deals with an alternative approach to treating seasonality in error correction models for consumption with a parsimonious parameterization as proposed by Harvey and Scott. We introduce an unobserved seasonal component into an error correction model for Austrian consumer expenditures on nondurables and services and compare the results with different approaches. The use of stochastic seasonal results in a definite improvement of the estimated model. First version received: October 1997/Final version received: May 2000     

Convergences with Schumpeter: An essay Hirschman has yet to write

The paper explores the contributions of Joseph Schumpeter and Albert Hirschman to our understanding of the dynamics of modern democratic capitalist economies and suggests that much of their respective work displays intellectual overlap and complementarity. It is primarily focused upon the role of economic and political processes as forces of change and adjustment and the necessary degree of built-in inertia required to permit orderly rather than chaotic responses.     

关于北美作业成本法实践现状的文献研究

主要以美国管理会计师协会主办的《战略财务》期刊为"窗口",通过回顾2002-2006年的管理会计相关文献,试图对北美作业成本法的运用和发展现状做一描摹,并以此对管理会计发展的历史趋势做出总结。     

发放消费券对扩大内需的影响效应分析

从消费者的角度研究消费券对扩大内需的影响效应,通过问卷调查方式获取消费者对消费券看法的基础数据,运用因子分析、方差分析、logistic回归等方法对消费券的使用效应进行分析。结论显示:发放消费券对扩大内需作用有限,从长期看,增加就业和完善社会保障制度仍是拉动内需的关键,政府投资是短期内扩大内需的有效措施。     

城市最低生活保障兼有消费改善与劳动供给激励效应吗?

最低生活保障制度是我国社会保障体系中兜底性、基础性的制度安排,是保障民生、促进分配公平、维护经济安全和社会稳定的重要机制.本文通过对城市低保制度消费改善与劳动供给效应的综合评估发现,我国城市低保从整体上改善了受助家庭的消费状况,影响了受助家庭的消费结构,起到了提升经济福利的效果,但是对受助家庭的劳动供给激励效应还比较小...     

Which consumer feedback metrics are the most valuable in driving consumer expenditure in the tourism industries? A view from macroeconomic perspective

The link between consumer feedback metrics and consumer expenditure at the microeconomic level has been extensively examined. However, little is known at the macroeconomic level about the influence of consumer feedback metrics on consumer expenditure. Relying on actual data concerning consumer feedback metrics and consumer expenditure, the present study examines the influence of various consumer feedback metrics on consumer expenditure in the tourism industries. Our study collected data about consumer feedback metrics and consumer expenditure over the period 2008–2017. The findings indicate that consumer satisfaction and consumer effort score (CES) are the best performing consumer feedback metrics in hotels, restaurants, and travel agencies industries. Furthermore, the top-2-box performs best for predicting consumer expenditure in online booking industry. The findings reflect the significance of consumer feedback metrics on the economy as a whole; therefore, efforts to boost consumer feedback metrics should consider a national agenda.     

“放心消费”推动许昌消费升级问题研究

消费、投资、出口是经济增长的三大引擎,随着生活水平的不断提高,消费市场的增长显示出稳定增长的态势,本文以许昌市放心消费创建工作开展以来的成果和数据着手,分析许昌市在城市品牌、文化底蕴、商业模式、政策支持等方面的特点和优势,找出现行工作的掣肘和不足,结合消费升级培养经济发展新动能的政策趋势,从打造放心消费品牌、深化消费引导、畅通维权渠道、强化维权执法、创造优良环境方面提出有针对性的对策措施。     

Who is more important,parents or children? Economic and environmental factors and health insurance purchase

The existing research indicates that insurance demand is affected by the policyholder’s occupation, family economy, urbanization level, and insurance coverage. Using micro data of insurance purchase at the individual level, this study investigates the influence of economic and environmental factors on the priorities of health insurance purchase decision. The results reveal that the more developed the economy and the more financial knowledge people possess, the more the latter tend to prioritize health insurance for their children. Furthermore, the study investigates the influence of air pollution on the decision to purchase health insurance. If the air pollution level is high, policyholders prioritize obtaining insurance for their children. Our research on the order of insurance purchase indicates that Chinese families have a lack of support from their children, and the function of family pension is gradually weakening. Our research also reveals that families are willing to spend money on the insurance of their children. Therefore, to solve the problem of health and old-age security for the elderly, it is more effective to promote health insurance by considering families as a unit     

Environmentally aware households

The rising environmental awareness induces a changing landscape for policymakers and real economic prospects. We examine the properties of a general equilibrium model with endogenous household preferences (for labor, consumption, and environmental quality) and a negative environmental externality. The endogeneity of labor creates an additional channel of substitution between environmental quality and labor, besides the channel of substitution between environmental quality and consumption. We show that a key requirement for improved output following a positive shock in the weight of environmental quality (household environmental awareness) is that environmental awareness trades off the weight on labor and not the weight on consumption. An interesting feature of the model is that the existence of the environmental externality gives a non-zero capital tax in the long run.     

The role of nostalgia-evoking stimuli at nostalgia-themed restaurants in explaining benefits,consumption value and post-purchase behavioral intention

This study focuses on nostalgia-evoking stimuli at nostalgic restaurants and their influence on customers’ consequent evaluation and post-purchase behavioral intention. Through in-depth interviews and a survey, the present study identified a factor structure of nostalgia stimuli that includes four dimensions and 18 items. Then, nostalgia stimuli, benefits, consumption value and post-purchase behavioral intention were incorporated into the model. Among the important results, the hypothesized relationships between nostalgia stimuli and epistemic, emotional and nostalgia-seeking benefits were partially supported. The benefits sought from dining in a nostalgic restaurant positively lead to consumption value, which further has a positive effect on post-purchase behavioral intention. These findings have theoretical and practical implications for capitalizing on nostalgia management in the hospitality industry.