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Keywords = service trade liberalization

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36 pages, 577 KB  
Article
Non-Exhaustible Endowment for the Dharma: A Preliminary Study of the Support Mechanism at Nālandā Mahāvihāra
by Huiyuan Bian
Religions 2026, 17(6), 746; https://doi.org/10.3390/rel17060746 (registering DOI) - 22 Jun 2026
Viewed by 163
Abstract
This paper shifts the research perspective from “Buddhist monasteries” to “monastic Buddhism,” using Nālandā Mahāvihāra as a micro-level case to illuminate the broader support mechanism of Indian Buddhist monasteries, with particular focus on the concept of “non-exhaustible endowment”. Drawing on epigraphic evidence, Vinaya [...] Read more.
This paper shifts the research perspective from “Buddhist monasteries” to “monastic Buddhism,” using Nālandā Mahāvihāra as a micro-level case to illuminate the broader support mechanism of Indian Buddhist monasteries, with particular focus on the concept of “non-exhaustible endowment”. Drawing on epigraphic evidence, Vinaya texts, and Chinese pilgrims’ records, it finds that major donors supported monasteries through religious rituals, land grants, and cash investments, primarily in the form of landed property and gold and silver currency, which were designated as non-exhaustible endowments. Monasteries then engaged in agriculture, handicrafts, building industry, commerce, and lending, transforming static assets into a non-exhaustible cycle of capital that benefited both monastics and laity. Systems such as Yizhi (robe funds) and Gongfu zhi Zhuang (robe-providing estates) reveal mature financial services that not only liberated monks from economic constraints but also stimulated the cotton textile trade between India and China. The wealth possessed by monasteries was not static but perpetually engaged in a dynamic cycle of capital. Major Buddhist monasteries thus emerged as regional economic engines, which became the core value for continuous royal patronage, as well as the key incentive for their violent destruction by Turkic Muslims. However, the transformation of the religious landscape and economic network in late medieval Bihār was not a simplistic process. Faced with a changing political and religious environment over time, Sufi saints, Jain followers, Shaiva ascetics and other religious communities, each grounded in their own faiths, landholdings, commercial networks and educational systems, gradually displaced, restructured and undermined the Buddhist monastery-centered endowment mechanism, causing Buddhism to progressively lose its regional dominance as an institutionalized religion. Full article
20 pages, 274 KB  
Article
Autonomous Vehicles and the Infrastructure of the World Trade Law
by Balázs Horváthy
Future Transp. 2026, 6(2), 60; https://doi.org/10.3390/futuretransp6020060 - 10 Mar 2026
Viewed by 796
Abstract
The development of new technologies, particularly autonomous vehicles, poses significant challenges and opportunities for international trade law. Legal frameworks must adapt to technological shifts while facilitating cross-border commerce. This paper examines the relationship between emerging technologies and the existing infrastructure of world trade [...] Read more.
The development of new technologies, particularly autonomous vehicles, poses significant challenges and opportunities for international trade law. Legal frameworks must adapt to technological shifts while facilitating cross-border commerce. This paper examines the relationship between emerging technologies and the existing infrastructure of world trade law, focusing specifically on how current WTO agreements address technological developments. The analysis employs a legal doctrinal approach, examining the applicability of key WTO agreements to new technologies through the lens of technology-neutral interpretation. Departing from ‘dialectical relationship theory’ (Cottier), the research investigates the influence of new technologies on the legal infrastructure of international trade and how the latter can respond to their use and development. Current WTO frameworks demonstrate technology-neutral applicability to emerging technologies, including autonomous vehicles and related services. However, the paper identifies significant practical limitations arising from the ‘mosaic’ nature of member state commitments and varying levels of liberalization across relevant technology-related sectors. The findings suggest that, while the existing WTO infrastructure theoretically has the capacity to accommodate technological advances, realizing the full benefits of global trade in new technologies may require either the harmonized extension of WTO member-state commitments or the adoption of specific legislation to address current regulatory fragmentation. Full article
(This article belongs to the Special Issue Future of Vehicles (FoV2025))
17 pages, 520 KB  
Article
Service Trade and New Energy Use: A Study of China’s Pilot Cities from the Perspective of Institutional Innovation
by Da Huo, Wenjia Gu, Tianying Sun and Zixuan Gao
Energies 2025, 18(20), 5392; https://doi.org/10.3390/en18205392 - 13 Oct 2025
Viewed by 1021
Abstract
As trade in services continues to play an increasingly important role in international trade, effectively integrating its advancement with green development has become a key issue for China in shaping a new development paradigm. This study treats the service trade pilot city policy [...] Read more.
As trade in services continues to play an increasingly important role in international trade, effectively integrating its advancement with green development has become a key issue for China in shaping a new development paradigm. This study treats the service trade pilot city policy as a quasi-natural experiment, employing the Difference-in-Differences (DID) method to investigate the policy’s impact on urban green energy use. The findings indicate that the policy significantly boosted green energy consumption in pilot cities. Heterogeneity analysis reveals more pronounced policy effects in eastern regions and provinces with smaller populations. Furthermore, synergistic effects emerge when this policy interacts with artificial intelligence (AI) technology policies and urban environmental policies, further amplifying green energy consumption outcomes. Consequently, this study proposes recommendations including strengthening institutional innovation in green services trade within pilot zones, establishing cross-regional green collaboration networks, and promoting multi-policy coordination. These findings offer valuable insights for developing countries seeking to achieve sustainable development through services trade liberalization. Full article
(This article belongs to the Section C: Energy Economics and Policy)
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33 pages, 9948 KB  
Article
Research on Port Competitiveness Dynamics in China Under the Background of Free Trade Zone and Port Integration
by Hongchu Yu, Zheng Guo and Lei Xu
Sustainability 2025, 17(12), 5502; https://doi.org/10.3390/su17125502 - 14 Jun 2025
Cited by 3 | Viewed by 2846
Abstract
Free trade zone (FTZ) policies and port integration play critical roles in advancing international shipping and port development. While Free trade zones (FTZs) promote trade liberalization and attract investment to support port infrastructure, port integration helps alleviate excessive competition, reduce redundant labor, and [...] Read more.
Free trade zone (FTZ) policies and port integration play critical roles in advancing international shipping and port development. While Free trade zones (FTZs) promote trade liberalization and attract investment to support port infrastructure, port integration helps alleviate excessive competition, reduce redundant labor, and minimize resource inefficiencies. Given these dynamics, it is important to examine how FTZs and port integration differentially shape shipping capacity and port competitiveness across China’s coastal provinces. To this end, this study introduces a comprehensive evaluation framework for port competitiveness, which considers both port operation–related factors and the external environment. The framework employs a combination of principal component analysis and the entropy weight method to assess port competitiveness in coastal regions. The findings reveal that comprehensive port service capacity and management efficiency capacity have the most significant influence on port competitiveness, outweighing the impact of other evaluated indicators. It also reveals that the development of China’s coastal ports is regionally unbalanced, with strong competitiveness in the Yangtze River Delta, Pearl River Delta, and Bohai Rim clusters, moderate development in the southeastern cluster, and relatively weak performance in the Beibu Gulf cluster. Both FTZ and port integration policies can promote port competitiveness to some extent, especially for professional technical support and services, digital management, and overall management efficiency. The dynamics of port competitiveness under the FTZs are higher than those under port integration. The research results deepen the understanding of the roles of FTZ and port integration policies in promoting the competitiveness of ports in various regions and provide insights for ports to seize opportunities and enhance development. The reinforcement of industrial synergies with neighboring regions and the formation of complementary development patterns enhance their overall competitiveness. Exploring new modes aligned with the advancement of FTZs and port integration can further stimulate regional economic development and support national opening-up strategies. Full article
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24 pages, 1315 KB  
Article
Enhancing Sustainable Development Through Digital Service Trade Liberalization: Analyzing the Effects and Mechanisms on Bilateral Imports
by Xin Xiang and Jinlong Zhao
Sustainability 2025, 17(5), 1823; https://doi.org/10.3390/su17051823 - 21 Feb 2025
Cited by 3 | Viewed by 3210
Abstract
This study empirically examines the effects of digital services trade liberalization on digital services trade imports and its mediating mechanism through an augmented gravity model, utilizing data from 55 importing nations and 56 exporting countries from 2014 to 2020. Digital services trade liberalization [...] Read more.
This study empirically examines the effects of digital services trade liberalization on digital services trade imports and its mediating mechanism through an augmented gravity model, utilizing data from 55 importing nations and 56 exporting countries from 2014 to 2020. Digital services trade liberalization substantially enhances digital services trade imports by reducing trade costs and aligning regulatory integration, and it exerts notable spillover effects on digital goods trade. Moreover, considering the variety of data service trade provisions, trade promotion provisions and privacy protection terms in digital RTAs exert much stronger positive effects on trade imports compared to data flow provisions. Regarding the heterogeneity of policy areas, liberalization initiatives, mainly removing performance and commercial presence criteria for digital services trade, exert the most substantial positive impact on imports of digital services. Furthermore, from the standpoint of industry heterogeneity, trade liberalization in digital services significantly enhances imports in insurance and pension services, intellectual property services, telecommunications, computer and information services, and personal, cultural, and recreational services. Finally, this article finds that a higher level of Internet development between the two parties correlates with a diminished trade promotion benefit of digital service trade liberalization. Full article
(This article belongs to the Special Issue Digital Transformation and Innovation for a Sustainable Future)
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25 pages, 5805 KB  
Article
Public Policies Shaping Mexican Small Farmer Practices and Environmental Conservation: The Impacts of 28 Years of PROCAMPO (1994–2022) in the Yucatán Peninsula
by Lesly-Paola Ramírez, Birgit Schmook, Mateo Mier y Terán Giménez Cacho, Sophie Calmé and Crisol Mendez-Medina
Land 2023, 12(12), 2124; https://doi.org/10.3390/land12122124 - 30 Nov 2023
Cited by 7 | Viewed by 7201
Abstract
Conditional cash transfer (CCT) programs, generally viewed as policies to modernize and increase agricultural production and commercialization, also have social and environmental impacts. Among the first Mexican CCT programs, PROCAMPO is directed toward traditional agriculture and pays farmers for permanent cultivation, ignoring traditional [...] Read more.
Conditional cash transfer (CCT) programs, generally viewed as policies to modernize and increase agricultural production and commercialization, also have social and environmental impacts. Among the first Mexican CCT programs, PROCAMPO is directed toward traditional agriculture and pays farmers for permanent cultivation, ignoring traditional fallow systems. It was implemented nationally in 1994 to counteract the effects of trade liberalization. Its objectives encompassed modernizing and improving agricultural competitiveness and environmental conservation. Here, we analyze PROCAMPO from the perspective of environmental conservation to understand its effects on agricultural practices and forest cover, specifically in the Yucatán Peninsula, where agriculture sustainability was previously achieved via an alternating cycle of multi-crop system (milpa) and forest. We performed an in-depth program analysis, reviewing 51 documents, including scientific literature, technical evaluations, and official records. Research consistently showed direct effects of PROCAMPO on agricultural practices resulting in extensive land use change, including a reduction in crop diversity and the elimination of traditional milpas and fallow. PROCAMPO has impacted conservation by causing high rates of deforestation. Our findings show the need to reorient the design and implementation of agricultural policy to increase agroecosystem resilience and ecological service provision to face climate change. Full article
(This article belongs to the Special Issue Feature Papers for 'Land Socio-Economic and Political Issues' Section)
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22 pages, 680 KB  
Article
Can Digital Services Trade Liberalization Improve the Quality of Green Innovation of Enterprises? Evidence from China
by Hui Fang, Qixin Huo and Kaouakib Hatim
Sustainability 2023, 15(8), 6674; https://doi.org/10.3390/su15086674 - 14 Apr 2023
Cited by 19 | Viewed by 4738
Abstract
Green innovation is a critical driver in achieving the goals of “carbon peaking” and “carbon neutrality”, as well as an important aid in accelerating green transformation. Does the opening-up of digital services trade, as a major component of the high-level opening-up strategy, serve [...] Read more.
Green innovation is a critical driver in achieving the goals of “carbon peaking” and “carbon neutrality”, as well as an important aid in accelerating green transformation. Does the opening-up of digital services trade, as a major component of the high-level opening-up strategy, serve to improve the quality of green innovation of Chinese enterprises at this critical juncture in China’s promotion of ecological civilization? To answer this question, this paper measures the degree of openness of digital services trade in each industry in China, and it empirically examines the impact of digital services trade liberalization on enterprises’ green innovation quality using data from A-share listed companies from 2014 to 2021. This research finds that, first, digital services trade liberalization can significantly improve the quality of green innovation of Chinese enterprises, which still holds after a series of robustness tests. Second, mechanism analysis indicates that digital services trade liberalization promotes enterprises’ green innovation quality by improving human capital level, increasing green R&D expenditure, and strengthening information resource sharing. Third, a heterogeneity test shows that the effect of digital services trade liberalization on the quality of green innovation is more prominent for state-owned enterprises, enterprises with stronger technology absorption capacity, highly competitive industries, and regions with a high intensity of environmental regulations. The study’s findings not only provide new perspectives and ideas for enterprises’ green innovation practices in the midst of the digital services trade wave but also theoretical and empirical support for the inherent self-consistency between high-level opening-up and green development. Full article
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22 pages, 1169 KB  
Article
Does Service Trade Liberalization Promote Service Productivity? Evidence from China
by Xin Fu, Tangyou Wang and Hongxu Yang
Sustainability 2023, 15(8), 6440; https://doi.org/10.3390/su15086440 - 10 Apr 2023
Cited by 6 | Viewed by 4652
Abstract
This paper investigates the effects of service trade liberalization on service productivity. Based on a city-level database from 2006 to 2019, we estimate the labor productivity of the service industry and show the varying trends of productivity growth. Additionally, by exploiting the cross-city, [...] Read more.
This paper investigates the effects of service trade liberalization on service productivity. Based on a city-level database from 2006 to 2019, we estimate the labor productivity of the service industry and show the varying trends of productivity growth. Additionally, by exploiting the cross-city, cross-time variation at the time of China’s innovation pilot city policy of service trade liberalization, we employ a difference-in-difference strategy to estimate the effects. The empirical evidence suggests that liberalizing the service trade has a positive effect on service productivity. In addition, the evidence indicates that service trade liberalization could increase the productivity of the service industry in cities located in the eastern and central parts of China, as well as in those cities with a higher degree of marketization. The main influencing channels of service trade liberalization on productivity predominantly occur through the increase in technology spillover, market competition, and human capital. China’s evidence highlights the positive relationship between trade liberalization and productivity in the service industry and provides implications for realizing the sustainable development of services in developing countries; therefore, China and other developing countries are suggested to continuously formulate and deepen their service trade liberalization strategy. Full article
(This article belongs to the Special Issue International Trade Policy in Chinese Economy)
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15 pages, 5989 KB  
Article
Forest Transition and Fuzzy Environments in Neoliberal Mexico
by Cynthia Simmons, Marta Astier, Robert Walker, Jaime Fernando Navia-Antezana, Yan Gao, Yankuic Galván-Miyoshi and Dan Klooster
Land 2023, 12(4), 840; https://doi.org/10.3390/land12040840 - 6 Apr 2023
Cited by 4 | Viewed by 4019
Abstract
Although deforestation remains a continuing threat to both the natural world and its resident human populations, a countervailing land cover dynamic has been observed in many nations. This process of landscape turnaround, the so-called forest transition, holds the potential of regenerating ecosystem services [...] Read more.
Although deforestation remains a continuing threat to both the natural world and its resident human populations, a countervailing land cover dynamic has been observed in many nations. This process of landscape turnaround, the so-called forest transition, holds the potential of regenerating ecosystem services by sparing land from agricultural activities and abandoning it to forest succession. Here, we present a case study of a long-term process of forest transition that is ongoing in the Patzcuaro watershed of the state of Michoacán, Mexico. The research to be discussed comprises a remote sensing analysis designed to (1) capture the land cover impacts of a multidecadal process of trade liberalization (1996–2018); (2) ascertain the role that land tenure plays in land use dynamics affecting forest cover, and (3) resolve forest cover types into native forest, secondary vegetation, and “commodity” covers of fruit trees, in this case, avocado. Mexico presents a useful case for addressing these three design elements. Our analysis, undertaken for both private property and collective modes of resource management in five communities, reveals a forest transition annualized at 20 ha-yr−1, or a gain of eight percent for the period. This translates into a relative rate of forest transition of 0.39%-yr−1 which is three times faster than what is occurring in the temperate biome on a national scale (0.07%-yr−1). Most of the forest transition is occurring on private holdings and stems from field abandonment as farming systems intensify production with avocado plantations and cow–calf operations. As this study demonstrates, forest transitions are not occurring ubiquitously across nations but instead are highly localized occurrences driven by a myriad of distal and proximate factors involving disparate sets of stakeholders. Consequently, policy makers who are keen to expand forest transitions to fulfill their national climate action commitments under the Paris Agreement must first promote research into the complexity of landscapes and drivers of land change at regional and local scales. Full article
(This article belongs to the Special Issue Feature Papers for Land Systems and Global Change Section)
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22 pages, 2206 KB  
Article
Impact of Trade, FDI, and Urbanization on Female Employment System in SAARC: GMM and Quantile Regression Approach
by Elvira Nica, Milos Poliak, Cristina Alpopi, Tomas Kliestik, Cristina Manole and Sorin Burlacu
Systems 2023, 11(3), 137; https://doi.org/10.3390/systems11030137 - 3 Mar 2023
Cited by 32 | Viewed by 6755
Abstract
The fundamental objective of this research is to learn how trade liberalization, male employment, urbanization, and foreign direct investment (FDI) affect women’s participation in the labor force. To continue, this study aims to determine the effects of trade and other factors on women’s [...] Read more.
The fundamental objective of this research is to learn how trade liberalization, male employment, urbanization, and foreign direct investment (FDI) affect women’s participation in the labor force. To continue, this study aims to determine the effects of trade and other factors on women’s employment in three distinct sectors (i.e., agriculture, industry, and service). From 1991 to 2021, we analyzed data from eight SAARC countries. The study’s theoretical foundation was the Cobb–Douglas production function. To better understand the connections between trade liberalization and the SAARC labor market, this paper used panel quantile regression (QR) and generalized method of moments (GMM) to empirically explore the key determinants of female employment in total and three sub-sectors. The QR method was used in the study because it looks at how variables affect each other beyond the data mean. Additionally, our data set does not follow a normal distribution, and the connection between the explained and explanatory factors is non-linear. Trade openness has a beneficial effect on total female employment throughout system GMM and all quartiles. Total female employment also benefits from an increase in GDP and FDI. However, women’s access to the workforce is hampered by urbanization. Many strategies for increasing women’s participation in the workforce across three sectors are addressed in this article. The major finding of this study is the rate of change in female employment across three industries. Women’s participation in the service and manufacturing sectors increases, whereas their participation in agriculture decreases, as a result of increased trade openness. Although these studies can assist policymakers in choosing the best feasible trade adjustments, they will also add to diverse academic and policy discussions on trade liberalization and its gender consequences. Since trade has become more accessible, more and more women are entering the workforce. Therefore, workers should acquire industrial and service-sector-related competencies. Full article
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12 pages, 321 KB  
Proceeding Paper
Electricity Sector Organization and Performance in Burundi
by René Nsabimana
Proceedings 2020, 58(1), 26; https://doi.org/10.3390/WEF-06938 - 14 Sep 2020
Cited by 6 | Viewed by 7033
Abstract
Burundi faces low access to electricity and low quality of service. It depends on the interconnected networks constructed in the decade of 1980. Despite the different reforms relating to the liberalization and reorganization of the electricity sector, the REGIDESO remains the public company [...] Read more.
Burundi faces low access to electricity and low quality of service. It depends on the interconnected networks constructed in the decade of 1980. Despite the different reforms relating to the liberalization and reorganization of the electricity sector, the REGIDESO remains the public company in charge of the production and distribution of electricity. It has also the responsibility to pump, treat, and supply drinking water in the main and secondary urban centers. This paper makes a review of the policies, reform, and organization of the electricity sector in Burundi. We estimate the performance of the electricity sector using descriptive analysis, on the basis of secondary data collected in East Africa and from the World Development Indicators (WDI), and qualitative data obtained through semi-structured interviews and text analysis. Our results show that despite the different reforms undertaken in 2000 and 2015, the electricity sector remains mainly a natural monopoly of the state. As a result, access to electricity and consumption per capita remain the lowest of East Africa and Sub-Saharan Africa as a whole. The electricity sector is also characterized by the poor quality of service due to technical and non-technical losses. Among the non-technical losses, the unpaid bills especially for the public sector are very high. The study recommendation is to implement the reform undertaken in 2000 by splitting the public services of water and electricity, and the one of 2015 by unbundling the electricity sector. Policy implying private participation in the electricity sector and prioritizing regional projects for interconnection to facilitate cross-border trade of electricity are highly recommended. Full article
(This article belongs to the Proceedings of The First World Energies Forum—Current and Future Energy Issues)
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18 pages, 2786 KB  
Article
Assessment of Virtual Water Flows in Iran Using a Multi-Regional Input-Output Analysis
by Ehsan Qasemipour, Farhad Tarahomi, Markus Pahlow, Seyed Saeed Malek Sadati and Ali Abbasi
Sustainability 2020, 12(18), 7424; https://doi.org/10.3390/su12187424 - 9 Sep 2020
Cited by 23 | Viewed by 7835
Abstract
The growth of Iran’s agricultural sector in the past few decades has exerted enormous pressure on its aquifers. There is a strong disparity between economic development and natural resource endowments, which threatens water and food security. In this paper, we used a multiregional [...] Read more.
The growth of Iran’s agricultural sector in the past few decades has exerted enormous pressure on its aquifers. There is a strong disparity between economic development and natural resource endowments, which threatens water and food security. In this paper, we used a multiregional input–output (MRIO) framework to assess the virtual water flows in Iran. We also estimate the internal and external water footprint of regions compared to their water availability. The results show that the northern part of the country, with no water scarcity, imported virtual water through the trade of goods and services, while severely water-scarce regions were net virtual water exporters. Iran had a net export of 1811 Mm3 per annum. While blue water resources (surface and groundwater) accounted for 92.2% of the national water footprint, 89.1% of total exports were related to the agriculture sector, contributing to only 10.5% of the national income. The results suggest that policy-makers should reconsider the current trade policy regarding food production liberalization in order to make Iran’s limited water resources available for producing industrial goods, which can contribute more to the economy. Full article
(This article belongs to the Section Environmental Sustainability and Applications)
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26 pages, 303 KB  
Article
An Analysis of the Success Factors for Passenger Boarding Enthusiasm for Low-Cost Regional Airline Routes
by Enhou Zu, Shao-Yu Liu, Bi-Min Hsu, Yu-Cheng Wang and Edwin M. Lau
Sustainability 2020, 12(16), 6600; https://doi.org/10.3390/su12166600 - 14 Aug 2020
Cited by 7 | Viewed by 4743
Abstract
Airports are important air transportation facilities, providing cargo transportation, aircraft takeoff and landing, and passenger services. Trade liberalization and globalization along with shifting economies and trading focuses have led to the rapid growth of airline and cargo transportation in Asia-Pacific regions. Therefore, Asian [...] Read more.
Airports are important air transportation facilities, providing cargo transportation, aircraft takeoff and landing, and passenger services. Trade liberalization and globalization along with shifting economies and trading focuses have led to the rapid growth of airline and cargo transportation in Asia-Pacific regions. Therefore, Asian countries are constantly expanding and improving their airport facilities. Thus, improving and measuring airline service quality has attracted significant research attention in recent years. The Chinese Government has also actively promoted low-cost tourism, although competition in low-cost carrier markets was bound to be fierce. This not only promoted tourism industries but also attracted many foreign visitors to taking low-cost carriers to China for sightseeing. With international oil prices and regional economy issues, full-service carriers face considerable operational pressure on cost and competition. This study used the fuzzy delphi and decision making trial and evaluation laboratory methods to explore and analyze key factors for passengers choosing low-cost airlines. We considered passengers using U Airlines to travel from Shanghai to Taiwan (Taoyuan, Kaohsiung Far) and investigated service quality, low-price strategies, switching costs, and boarding willingness factors. We found that boarding willingness and service quality were strongly relevant to passenger satisfaction. Service quality should be prioritized, followed by switching cost, to enhance passenger boarding willingness. Low-cost regional airlines need to prioritize improving service quality empathy and service quality responsiveness with limited resources. Performance indicators such as willingness, service quality assurance, and service quality reliability showed significant benefits for overall service performance and passenger boarding willingness. Full article
(This article belongs to the Special Issue Aviation Management and Air Transport Industry)
5 pages, 188 KB  
Editorial
Belt and Road Initiative (BRI): New Forms of International and Cross-Industry Collaboration for Sustainable Growth and Development
by Anna Visvizi, Miltiadis D. Lytras and Peiquan Jin
Sustainability 2020, 12(1), 193; https://doi.org/10.3390/su12010193 - 25 Dec 2019
Cited by 10 | Viewed by 5708
Abstract
Building on the tradition, promises, and advances brought by the historical Silk Road, the Belt and Road Initiative (BRI), launched by the Chinese government in 2013, has a profound impact on international business and the established forms of international collaboration. Exploiting the advantages [...] Read more.
Building on the tradition, promises, and advances brought by the historical Silk Road, the Belt and Road Initiative (BRI), launched by the Chinese government in 2013, has a profound impact on international business and the established forms of international collaboration. Exploiting the advantages of liberalization of trade in goods, services, capital, and public procurement, BRI will benefit the Chinese economy. At the same time, it will prompt substantial changes in the field of international business, e.g., by means of fostering business to business (B2B) and peer to peer (P2P) collaboration. It will also influence patterns of Outward Foreign Direct Investment (OFDI). Geography plays a role in BRI; geopolitics is also in the cards. Given the profound implications BRI is likely to generate in the fields of businesses, economy, society, and politics, it is imperative to frame and streamline the discussion to identify the key mechanisms and causal relationships that it induces. This is precisely what this Special Issue sought to do. Full article
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