With the rise of China and the implementation of the “21st Century Maritime Silk Road” strategy, research on geo-economics between China and ASEAN (Association of Southeast Asian Nations) countries ...has become increasingly important. Current studies mainly focus on influencing factors, while there is little consideration about how these influencing factors act on geo-economic relationships. Therefore, this paper explores the key driving forces for geo-economic relationships between China and ASEAN countries by use of the structural equation modeling based on Partial Lease Squares. There are three main findings: (1) Economic factors have the greatest impact on geo-economic relationships and the total path effect is 0.778. Geo-location, geopolitics and geo-culture act on geo-economic relationships directly and indirectly. Their total path effects are 0.731, 0.645 and 0.513, respectively. (2) Indirect effects of geo-location, geopolitics and geo-culture impacting geo-economic relationships are far greater than direct effects. Geo-culture, in particular, has a vital mediating effect on geo-economic relationships. (3) Economic drivers promote geo-economic relationships through market, industrial policy, technical, network and benefit-sharing mechanisms. Political drivers improve geo-economic relationships through cooperation, negotiation, coordination and institutional mechanisms. Cultural drivers enhance geo-economic relationships through transmission mechanism. Location drivers facilitate geo-economic relationships through selection mechanism. We provide new insights on the geo-economic relationships through quantitative analysis and enrich the existing literature by revealing the key driving forces and mechanisms for geo-economic relationships.
In the last 30 years, China’s economic power has experienced great changes and has brought about a profound impact on the world economy. This led us to ask a question: do changes in China’s economic ...power shift the geo-economic relationships between China and its neighboring countries? To answer this question, we researched the evolution of geo-economic relationships between China and the Association of Southeast Asian Nations (ASEAN) countries. Using the Euclidean distance method, we explored the changes in these geo-economic relationships between China and ASEAN countries from 1980 to 2014. Our findings resulted in five conclusions: (1) Over time, geo-economic relationships between China and ASEAN countries remained relatively stable. (2) Geographically, the main geo-economic relationships between China and continental ASEAN countries were complementary, while the main geo-economic relationships between China and island ASEAN countries were competitive. (3) Geopolitics and geo-culture were attributed to the changes in geo-economic relationships. (4) The evolution of geo-economic relationships was characterized by path dependence. (5) Geo-economic relationships between China and ASEAN countries could be classified into four types: game type, with high cooperation and competition; complementary type, with high cooperation and low competition; fight type, with low cooperation and high competition; and loose type, with low cooperation and competition. Our findings contribute to improving the understanding of geo-economic relationships.
The aim of this study is to characterise students’ understanding of the function-derivative relationship when learning economic concepts. To this end, we use a fuzzy metric (Chang
1968
) to identify ...the development of economic concept understanding that is defined by the function-derivative relationship. The results indicate that the understanding of these economic concepts is linked to students’ capacity to perform conversions and treatments between the algebraic and graphic registers of the function-derivative relationship when extracting the economic meaning of concavity/convexity in graphs of functions using the second derivative.
Purpose - The purpose of this paper is to investigate students' qualitatively different ways of understanding basic economic relationships in three undergraduate courses in the discipline of ...accounting.Design methodology approach - The theoretical frame is variation theory, which is a learning theory about the different ways students understand the learning object (in this study, basic economic relationships). The instructors chose a learning object which was investigated under two different teaching conditions - the traditional lecture model and the adjusted Learning Study model. Two student groups in a Business Programme (one group admitted the year after the first group) were identified as a comparison group and a target group. The two groups were comparable in various relevant parameters. All students took three required accounting courses. In the comparison group, the instructors used the traditional lecture model; in the target group, the instructors used the adjusted Learning Study model. The first year of the study was used for training the instructors and for the preparation of teaching prerequisites.Findings - There were significant differences between the two groups' examination results in the three courses. Students in the adjusted Learning Study model group performed better. The conclusions have scientific implications for students' understanding of the subject and educational implications for teaching in terms of new teaching methods and revised curricula. The findings are valuable to professional instructors lecturers in higher education.Originality value - The findings and methods of this study contribute to the international research on empirically based didactic knowledge of subject content in higher education. Even though the subject content is specific in the study, the methodology of variation theory is applicable to other disciplines.
In recent years there has been a shift in emphasis from transaction-based to more co-operative relationships, as chain members have recognised the need to invest in their supply chain relationships ...in order to protect their businesses. These non-arm’s-length relationships are capable of generating relational rents for chain partners. The main aim of this paper is to investigate why, in spite of the advantages of the non-arm’s-length relationships, some relationships do not continue. To enhance the understanding of the termination process, we identify and analyse the factors inducing relationship sustainability (continuation) as well as termination in the case of the German wheat-to-bread chain.
The study built on the findings of relationship marketing approach that stresses the importance of building longer-term relationships with customers rather than carrying out individual transactions. In addition, the findings of modern microeconomic theories including transaction costs theory and industrial theory are taken into consideration. The empirical analysis is based on two data sets: First, a quantitative questionnaire survey and second, interviews with stakeholders of the wheat-to-bread chain were conducted, aiming at identifying the role of economic and behavioral dimensions of relationships for their termination.
The questionnaire survey provides that businesses assess the relationships in the wheat-to-bread chain, being of high quality and long term duration. The results show that trust, satisfaction and commitment - the behavioural dimensions of relationships quality - are very high in the considered chain. Competitive price, competitive quality and supply continuity were identified as determinants mostly important for buyers’ satisfaction as directly influencing relationships’ performance. In addition, the results demonstrate that lack of trust is the reason why relationships do not develop or are terminated in the early phases of the relationship. In the long lasting relationships on the other hand, the reasons for termination are mostly of economic nature.
The paper shows why sustainable relationships may enhance business’ competitiveness and analyses why in spite of it the relationships terminate. As the result of the research we understand the sustainable relationships as those relationships in that the costs for starting the relationship are exceeded by returns gained from the cooperation in time.
In recent years there has been a shift in emphasis from transaction-based to more co-operative relationships, as chain members have recognised the need to invest in their supply chain relationships ...in order to protect their businesses. These non-arm’s-length relationships are capable of generating relational rents for chain partners. The main aim of this paper is to investigate why, in spite of the advantages of the non-arm’s-length relationships, some relationships do not continue. To enhance the understanding of the termination process, we identify and analyse the factors inducing relationship sustainability (continuation) as well as termination in the case of the German wheat-to-bread chain.The study built on the findings of relationship marketing approach that stresses the importance of building longer-term relationships with customers rather than carrying out individual transactions. In addition, the findings of modern microeconomic theories including transaction costs theory and industrial theory are taken into consideration. The empirical analysis is based on two data sets: First, a quantitative questionnaire survey and second, interviews with stakeholders of the wheat-to-bread chain were conducted, aiming at identifying the role of economic and behavioral dimensions of relationships for their termination.The questionnaire survey provides that businesses assess the relationships in the wheat-to-bread chain, being of high quality and long term duration. The results show that trust, satisfaction and commitment - the behavioural dimensions of relationships quality - are very high in the considered chain. Competitive price, competitive quality and supply continuity were identified as determinants mostly important for buyers’ satisfaction as directly influencing relationships’ performance. In addition, the results demonstrate that lack of trust is the reason why relationships do not develop or are terminated in the early phases of the relationship. In the long lasting relationships on the other hand, the reasons for termination are mostly of economic nature.The paper shows why sustainable relationships may enhance business’ competitiveness and analyses why in spite of it the relationships terminate. As the result of the research we understand the sustainable relationships as those relationships in that the costs for starting the relationship are exceeded by returns gained from the cooperation in time.
PDF
