Search Results (7)

Based on the classic Keynesian theory of money demand and city panel data, in this study, we investigate the impacts of different money demand motives on urban household consumption in China, and provide ideas for promoting sustainable growth in household consumption in China. The results of this study show the following: First, in general, the theory of money demand motivation can adequately explain household consumption in large and medium-sized cities in China. Second, the CPI time series has a significant adverse effect on the real money demand of most households. Third, residents significantly reduce food consumption to satisfy speculative money demand for financial instruments, and the lower the income level, the keener households are to invest in high-risk stocks. Fourth, even for high-income households, the precautionary money demand generated via the purchase of commercial insurance still has a significant crowding-out effect on their total consumption. Social security spending, which reduces the precautionary money demand of households, has a much more positive impact on high-income households. Full article

The massive growth in power demand and the sharp decay in the availability of conventional energy sources forces society to move toward renewable power consumption. The rise in renewable energy utilization is one of the greatest strategies involved in making the environment clean, green, and emission-free. The investment cost is slightly high for this kind of resource, but their running costsare very minimal, which encourages power producers to invest in renewable power plants. Power producers always focus on their economic profit and possible feasibilities before the investment in a new power plant setup. Wind, small hydro, and solar photovoltaics have been considered the foremost efficient and feasible renewable sources. In 2021, the worldwide renewable power capacity had grown to 17%, despite supply chain disturbances and surges in prices. The renewable power market set a target of achieving a 95% increment in global power capacity by 2026. Hence, humankind should consider wind, hydro, and solar photovoltaics as the main energy sources, and there is a need to increase use of such sources. This paper highlights the latest developments, enormous technologies, and upcoming aspects of wind power, hydropower, and solar photovoltaics in India, as well as around the globe. The present status of renewable energy can motivate global power producers to spend their money on the installation of a new renewable power plant to obtain more economic benefits and give societal economic and environmental payback to humans. Full article

The COVID-19 pandemic has changed everyday reality and negatively impacted the global hospitality and tourism sectors. Even though food is an essential component of the tourist experience and the sustainable development of a region, research on the impact of COVID-19 on tourists’ food-related behaviour remains scant. By implementing a quantitative approach, data obtained from 847 tourists visiting Greece before or during the pandemic were analysed in order to compare these two periods. Findings indicate that during the pandemic, tourists had a more positive attitude towards food than before the pandemic and were more motivated to consume local food. As a result, they spent more money on food and were keener to taste local food and visit Greek restaurants and taverns. Despite the restrictions, the level of food satisfaction remained the same. It seems that this is a case whereby the risk perceptions created by COVID-19 were eliminated. The demand for quality food experiences was mainly interpreted as a search for culture and consideration of health concerns. Specific trends have been revealed in tourists’ food-related behaviours, which bear implications for a smooth transition to new and challenging circumstances. Researchers and food tourism stakeholders must set new goals, develop alternative forms of products and services based on sustainability, and, in general, adopt a new perspective to face future challenges. Full article

The efforts of regulators and food industry actors to achieve ambitious European sustainability objectives should not only be based on, but also supported by, consumers’ behavior, since customers’ demand has the ability to determine changes in the whole food system. This paper’s systemic approach to customers’ sustainable food-related habits and opinions during purchase, consumption and waste management offers a comprehensive view of their decision criteria, their motivations and their preferred incentives. Researching the Romanian consumer’s sustainable habits yields some results which confirm findings of previous studies, including customers’ distrust of sustainable labels and ecological products being considered too expensive. Meanwhile, other results offer novel insights on the matter, such as distrust in the European Union food policy and the high importance of proximity both for retailers and for recycling facilities. Four customer profiles with different interests and behaviors were identified: the Principled, adopting many sustainable behaviors out of principle, despite their low level of food expenditures; the Wannabes, adopting some fashionable sustainable habits; and the Privileged and the Sceptics, adopting very few sustainable habits, the first to ensure their social and economic status and the second to save some money. Full article

Northern Thailand is the center of a number of controversies surrounding changing cropping patterns, in particular related to deforestation driven by the expansion of maize monocropping by peasant farmers. Growing demand for maize by the global livestock industry has driven the conversion of land from forest and/or shifting cultivation to chemical-intensive maize, with associated environmental (i.e., forest encroachment and annual burning of fields) and social (i.e., farmer indebtedness) problems. Over the years, some of the same farmers have been exposed to ‘alternative development’ programs and projects, initially motivated by pressure to substitute for illegal crops and more recently by concerns over deforestation and particulate matter air pollution from the burning of crop residues. This scenario is made more heterogeneous by a variety of land tenure situations and greater or lesser degrees of community control over land and forest. Faced with varied situations, peasant families can pursue different livelihood strategies, particularly in reference to the degree to which their production is market oriented. Based on surveys and interviews with farmers in Nan and Chiang Mai provinces, over a range of the aforementioned circumstances, we contrast families who pursue what we define as food security (cash cropping to earn money to buy food), food sovereignty (primarily production for self-provisioning) or mixed (a combination of both) strategies. In terms of indicators such as indebtedness, we find greater benefits from the food sovereignty and mixed strategies, though we also find that these are limited by security of land tenure issues, as well as by the degree to which community management of resources is or is not present. Full article

The convenience feature of mobile payment has replaced interactions with physical money and reduced transaction time, which better meets the demand of modern people for convenience in life. As mobile payments play an important role in mobile business, understanding the factors attracting consumers to mobile payment will bring mobile businesses more opportunities for development, and further significantly improve the output value of mobile businesses. This study discusses how to further influence consumer behavioral intention in Taiwan, as based on the main theoretical framework of the Extend Unified Theory of Acceptance and Use of Technology (UTAUT2) and Diffusion of Innovation (DOI). In this study, data analysis is implemented by Partial Least Squares (PLS) for the purpose of verifying the research model and hypotheses. The research results show that social influence, facilitating conditions, hedonic motivation, compatibility, innovation, relative advantage, and observability have positive influence on consumer intention to use mobile payment. Full article

Since 1990, both people’s recognition of the need for sustainability around the world and environmental management systems in the tourism industry have been growing. Academic studies have primarily focused on the willingness of consumers to pay more to stay in major hotel chains, finding that the incorporation of environmental management systems (EMSs) is a way to save money by reducing costs, while improving the image and competitive advantage of these chains in the market. However, the aggregate environmental impact of tourism activity does not only depend on the practices of industry leaders. It also relates to the degree to which all stakeholders adopt these practices. Boutique hotels fall under the category of small-sized accommodation and are characterized by their size, independent management, and respect for the local environment. Hotel consumers display positive attitudes with respect to green hotel practices, which provides a starting point for motivating hotels to continue working on improving their environmental impact performance. For this reason, the objective of this paper is to determine whether boutique hotel clients are willing to pay more for a hotel with an environmental management system. Two dependence techniques are applied, logit regression and linear regression. The results show that the respondents’ age and income, as well as the strength of their environmental commitment, are determinant factors of whether clients would pay more to stay in a boutique hotel with an EMS. This preliminary study tries to investigate the “willingness to pay” in the Spanish boutique hotels. The originality of this article responds to the demand for a more holistic perspective on the hospitality sector, contributing to the understanding of hotel clients and their willingness to pay more for an EMS. Full article