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Research on Zhanjiang-ASEAN Cruise Tourism Product Development Based on Shift-Share Analysis
Issue:
Volume 4, Issue 2, June 2019
Pages:
38-43
Received:
10 April 2019
Accepted:
23 May 2019
Published:
11 June 2019
Abstract: At present, the development of cruise tourism products with the theme of “Maritime Silk Road” has received extensive attention. As the originating port of the ancient Maritime Silk Road, Zhanjiang has her unique advantage in carrying out the “Maritime Silk Road” cruise tourism. Based on Shift-Shareanalysis, this article analyses the cruise tourism in Zhanjiang by taking the ticket, tour, entertainment, shopping and other consumption activities as the dimensions. It believes that the overall development of Zhanjiang cruise tourism is good. The development potential of tourism and shopping in Zhanjiang is great, which has certain competitiveness in the whole country, though the growth rate of ticket and entertainment is slow and the competitiveness is weak at present. The main reason is that Zhanjiang cruise tourism infrastructure is underdeveloped, talents are lacking, products are not rich, and the lines are insufficient. This article indicates that traditional cruise tourism period with the ticket as the main source of income has passed, the current development of cruise tourism has entered the leisure and vacation period. Therefore, this article proposes investing funds to improve the construction of cruise tourist infrastructure, strengthening the construction of talent team engaged in cruise tourism, developing products to create “cruise +” diversified cruise tourism products, designing distinctive themes route to enhance the competitiveness of Zhanjiang cruise tourism.
Abstract: At present, the development of cruise tourism products with the theme of “Maritime Silk Road” has received extensive attention. As the originating port of the ancient Maritime Silk Road, Zhanjiang has her unique advantage in carrying out the “Maritime Silk Road” cruise tourism. Based on Shift-Shareanalysis, this article analyses the cruise tourism ...
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The Process Architecture of the Insurance Business
Issue:
Volume 4, Issue 2, June 2019
Pages:
44-52
Received:
14 May 2019
Accepted:
15 June 2019
Published:
26 June 2019
Abstract: The insurance business has for years constituted both a foundation and an important component of economic activity. Its significance in the conditions of the increasingly complicated and dynamically changing circumstances of economic behavior is steadily growing, generating new problems and setting up new challenges. One of these challenges is to meet the growing requirements and expectations of customers. This requires the efficient management of insurance companies, which in turn means the necessity of reaching for modern management ideas, primarily as related to the concept of process management and the tools related to it. In practice, you can meet two concepts, process management and management of processes. Process management is a broader term consistent with the concept of a process approach, because management of processes refers to selected processes and takes place also in organizations based on a functional approach. Process management is management in accordance with process orientation and process approach. The starting point for the implementation of process management as well as management of process is the identification of processes, a description of their structure and mutual relations. The article presents the concept of the process architecture of insurance activity (distinguishing management processes, basic processes and auxiliary processes), description of basic processes structure by management levels (strategic and operational) and presentations of relations between basic processes and other processes carried out in insurance companies.
Abstract: The insurance business has for years constituted both a foundation and an important component of economic activity. Its significance in the conditions of the increasingly complicated and dynamically changing circumstances of economic behavior is steadily growing, generating new problems and setting up new challenges. One of these challenges is to m...
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Examining the Factors Underlining the Inflationary Phenomenon in Ghana – A Dynamic ARDL Analysis
Issue:
Volume 4, Issue 2, June 2019
Pages:
53-63
Received:
15 May 2019
Accepted:
23 June 2019
Published:
1 July 2019
Abstract: The phenomenon of inflation is one of the most widely discussed economic issues across the world and for this reason has continued to remain very relevant and visible within the policy domain. This is because it affects the economic fortunes of the principal actors within the economy from the low to the high income. This study adds to the existing literature on inflation by identifying the short and long run factors which influence its trajectory in the Ghanaian economy. The study adopts the Autoregressive Distributed Lag approach to comprehensively establish the long and short run determinants of inflation based on the data set spanning from 1979 to 2016 and the empirical analysis shows that price level is in the long run significantly determined by food crop production, crude oil prices, population, output of goods and services and money supply but in the short run the only variable which does not impact significantly on the price level variable is the interest rate proxied by the policy rate. It is also established that the system is able to correct about 60% of the deviations from its equilibrium position in every quarter. The main recommendation that emanates from the study is that policy makers instead of dealing with inflation mainly from the orthodox monetary perspective must also begin to pay more attention to the supply side issues in the economy.
Abstract: The phenomenon of inflation is one of the most widely discussed economic issues across the world and for this reason has continued to remain very relevant and visible within the policy domain. This is because it affects the economic fortunes of the principal actors within the economy from the low to the high income. This study adds to the existing ...
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The Impact of Extractive Industry on Sierra Leone Economy: (Implication for Poverty Reduction)
Issue:
Volume 4, Issue 2, June 2019
Pages:
64-73
Received:
16 May 2019
Accepted:
28 June 2019
Published:
19 July 2019
Abstract: Extractive industry which consists of agriculture, mineral and hydrocarbon products such as gold, phosphates, diamonds, oils, gas, etc. The industry is the economic block for many developing countries; in some cases this industry constitutes the sole source of fiscal revenues, foreign exchange earnings and surpluses to finance the needed socio-economic development. This paper used different approach by taking the entire extractive industry and examining its impact on economic growth and also the link between resource revenue and poverty reduction. This study used multivariate regression techniques in econometric to analyze time series data for period of forth nine years (49) from 1964 to 2012, using quantitative and explanatory research approach, both E-view and Stata Software were used to analyzed the data, the necessary diagnostic tests associated with time series data were carried out in order to make the results reliable and valuable. Our results indicate a positive relationship between resource wealth and economic growth. The finding appears robust in the sense that it remains significant in growth model after controlling for a variable like population; we find that the effect remains the same. The exchange rate is significant, meaning that exchange rate volatility is key factor affecting the growth rate of the economy of Sierra Leone. The domestic savings is significant, and shows a positive relationship with economic growth, as many empirical literatures shows that savings and investment are good for economic growth, this finding has been proven in our case here for Sierra Leone. The population variable is significant with positive sign, meaning that population can contribute to economic growth positively, especially when the labor force is provided with adequate training and skills. Finally, we conclude by accepting the null hypothesis; that extractive resources particularly the hydrocarbon and other mines resources have a positive relationship with economic growth. Some policy recommendations are; The Government should promote and enforced mineral resources revenue stabilization and reducing fiscal imbalances, Encouraging mining companies to behave in a more social and corporate responsible manner with a view to improving the social relevance of mining. The government through the central bank and the ministry of finance should direct policy towards inflation and exchange rate volatility. The government should maintain all the principles and guidelines and strictly follow the Extractive Industry Transparency Initiative (EITI) rules.
Abstract: Extractive industry which consists of agriculture, mineral and hydrocarbon products such as gold, phosphates, diamonds, oils, gas, etc. The industry is the economic block for many developing countries; in some cases this industry constitutes the sole source of fiscal revenues, foreign exchange earnings and surpluses to finance the needed socio-econ...
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