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PurposeThe purpose of this study is to analyze the influence of the firms' external environment on their export intensity. More specifically, it assesses whether domestic market characteristics such as domestic demand and general export environment related to tradability across borders affect firms' export intensity.Design/methodology/approachThe authors use a sample of 29,266 firms from nine European countries, for the period of 2010–2016, and test several estimation methods (random effects models, Tobit models, and Heckman's selection models).FindingsResults show that external factors such as domestic demand and ease of trade across borders are important determinants of firms' export intensity. Moreover, results reveal that firm's internal characteristics such as age, size and productivity also play an import role.Originality/valueStudies about the influence of the firms' external environment on firms' export intensity are scarce because most of them are confined to a single country context. In this way, the present study contributes to the body of knowledge on the influence that external factors can have on firms' export performance by analyzing firms from nine European countries, which has important policy implications.

This study develops and tests a framework of the effect of domestic market environmental uncertainty on international alliance partner diversity (IAPD) and the effect of IAPD on small and medium-sized enterprises’ (SMEs’) regional expansion. Leveraging primary data from a sample of 232 Pakistani SMEs, the findings indicate that domestic market dynamism and technological dynamism drive SMEs to engage in IAPD. The analysis further reveals that IAPD improves SMEs’ regional expansion, and particularly so at higher levels of cross-cultural knowledge absorption. The research and practical implications of these findings are discussed.

Accelerating the development of a unified domestic market is essential for establishing a high-level socialist market economy, which will also serve as the foundation for promoting China’s sustainable economic development. Referencing the general law of the market economy, this study analyses the internal mechanisms for accelerating the formation of a unified domestic market to promote the sustainable development of China’s economy from four dimensions, including system guarantee, impetus condition, material basis and administrative guarantee. Furthermore, an empirical analysis is conducted to identify existing challenges in this regard using the data of China’s Marketisation Index Report by Province from 2016 to 2021, which include insufficient comprehension of the concept of a unified domestic market, institutional barriers, a low degree of opening up to the outside world and uneven infrastructure development. Corresponding policy suggestions include strengthening theoretical study, research and publicity; intensifying the unification of fundamental institutional systems and market rules; and accelerating high-level opening to the outside world and market facilities’ high-quality connectivity. This research provides a theoretical and policy reference for the sustainable development of China’s economy that is broadly applicable.

Argentina is among the 20 largest seafood producing countries in the world, with an annual fish capture of about 800,000 tons. However, national annual fish consumption is low, about 5 kg per capita, and the domestic seafood market is little known. The objective of this study was to contribute to the characterization of seafood in the Argentine market. Monthly landings, presence at points of sale and prices of seafood were analyzed. The seafood data were gathered from official statistics of the Undersecretariat of Fisheries and Aquaculture, statistics from the Central Market of Buenos Aires and surveys conducted in fish shops in the city of Mar del Plata. Based on the monthly seasonal index (SI), price variations throughout the year were studied. Likewise, relative fish prices were determined by using as unit the price of Argentine hake (Merluccius hubbsi), which is the most consumed fish in the country. This study identified the marine species most present in the domestic market and their prices. The presence of the different fish species at the points of sale could not be directly associated with their landing seasons. There was also no direct link between fish prices and quantities landed. No significant seasonal fluctuations in prices were found on seafood products (SI = 90–110), with the exception of hake fillet (SI = 80–113). Many finfishes had a price peak during Easter week. Overall, price patterns suggest that seafood prices in Argentina are mainly determined by demand rather than supply. Further research on seafood traceability and fish consumption is needed to advance the understanding of the seafood market in Argentina.

From the perspective of domestic market integration, this paper systematically examines the impact of transportation infrastructure conditions on excess sensitivity of household consumption based on the China Family Panel Survey (CFPS) and multi-level matching panel data of transportation network density. The results show that the fast-growing development of the transportation infrastructure network has a significant alleviating effect on excess sensitivity of household consumption along the route, and the conclusion is still robust after the use of the multi-dimensional instrumental variable method and a series of robustness tests. According to the heterogeneity tests, in terms of the alleviating effect of transportation infrastructure, railroads rank the first, highways the second, substandard roads the third, waterways the fourth, and roads of other grades at the bottom. The mechanism test reveals that the improvement of domestic market integration is an important channel for transportation infrastructure to alleviate excess sensitivity of household consumption. This paper confirms that improving the transportation infrustructure system is conducive to the construction of a unified national market, alleviating excess sensitivity of consumption and stimulating consumption.This paper provides suggestions for implementing the strategy of boosting domestic demand, and helps the government understand households’ consumption decision-making from a broader perspective. This study also provides a theoretical basis for the economic spillover effect of transportation infrastructure.

ABSTRACT China’s economy has made great strides since the late 1979s, through rapid growth, significant modernization, and intensified global connections. The trajectory of the last decade calls for a paradigm shift to sustain as growth decelerates. New sources of growth are required as the investment-driven and export-oriented growth has largely run its course. The three initiatives introduced by the Chinese leadership since 2013, the Belt and Road Initiative, Dual Circulation, and Common Prosperity, articulated a sensible path forward. They emphasize the role of innovation, a resilient domestic supply chain, and stronger domestic demand, as well as continued economic opening and cooperation. As a key contextual element, a comprehensive and unified domestic market deserved special emphasis. Due partly to China’s past socialist legacy and post-reform decentralized market liberalization experience, market development remains incomplete and fragmented. These have and will continue to constrain China’s development potential and transformation onto a more sustainable footing. Consequently, further reforms are essential to break down barriers and improve market access to more sectors and across regions. More importantly, China’s fiscal system, especially with respect to central local relations, requires significant recalibration to weaken local governments’ protectionist instinct. And finally, reducing the state’s direct involvement in resource allocation will also help facilitate the development of a strong and unified domestic market.

The article examines the peculiarities of the development and realization of the capacity of the domestic consumer market by identifying its structural components. It defines the key trends in the development of the domestic market capacity in 2015 - 2021, including the annual increase in the expenses of trade enterprises on logistics for the growing volume of sales; the growing share of inventories in wholesale and retail trade, which confirms the inefficiency of the policy of market infrastructure development; unstable dynamics of return on investments and innovations, increasing profitability of economic activities of manufacturing entities. The article aims to evaluate the components (production, resources, consumption, and environment) of the capacity of the domestic food market in order to identify the strengths and weaknesses of the development and maintenance of its competitiveness. The evaluation of the realization of the domestic market capacity by its components shows that the integral index of the consumer capacity is the highest, and it significantly increased in 2021 compared to 2015. Despite the fact that the consumption of consumer goods is growing, it cannot be interpreted as an exclusively positive phenomenon since the problem of property stratification of the society and the growing poverty of some segments of the population has never lost its relevance in Ukraine. The results of calculations of the weighted integral parameter show that the efficiency of management of the domestic market economic capacity in Ukraine was different in different studied periods. It emphasizes the necessity of public regulation of a number of market processes related to food products. The article identifies the positive growth of the integral parameter of efficiency of management of the domestic market economic capacity in Ukraine at the end of the studied period.

I examine how foreign presence affects the growth and survival of domestic firms. Separating a negative crowding out and positive technology spillovers, I analyze whether the crowding out effect is dynamic, that is, domestic firms cut production over time as foreign firms grow, or a static effect realized on foreign entry into the industry. Using 1994-2001 firmlevel Czech data, I find evidence of both technology spillovers and crowding out. However, crowding out is only short term; after initial entry shakeout, growing foreign sales increase domestic firm growth and survival, indicating domestic demand creation effect. However, I find no such benefits from domestic competition.

With the advancement of economic globalization, market integration has become a critical contributing factor for sustainable economic development. However, the persistence of zombie firms continues to undermine fiscal sustainability, creating a critical policy challenge. The core purpose of this article is to propose novel policy directions for emerging economies to foster domestic market integration (DMI) and sustainable development. Based on panel data from 297 cities in China from 2008 to 2020, this paper employs a two-way fixed effects model to empirically test the impact of subsidies allocated to zombie firms on DMI. The results indicate that targeted subsidies provided by local governments to zombie firms exacerbate regional market segmentation and hinder the process of DMI. The analysis reveals several key mechanisms underlying this phenomenon: on the one hand, local governments may shift expenditure burdens to enterprises located outside their jurisdiction, leading to higher institutional trade costs and lower fiscal sustainability; on the other hand, the persistence of zombie firms crowds out the resources available to healthy enterprises and distorts the allocation of factor resources, thereby impeding the ability of local products to compete effectively in intercity markets. However, enhancing the business environment and upgrading the industrial structure can effectively mitigate the market fragmentation induced by such inefficient subsidies. This research offers a novel perspective for quantifying local protectionism and provides important implications to improve DMI as well as sustainable economic development.

The purpose of the study was to substantiate the effectiveness of financial management in the system of ensuring the security of trading enterprises and to assess the effectiveness of such decisions in wartime. The paper examines the role of financial management in ensuring the security of enterprises in the domestic market of Ukraine during the war. To achieve this goal, a database of financial indicators of three Ukrainian trading companies for 2020–2023 was formed. The integral indicator of financial management effectiveness (IFE) was calculated by normalizing key financial ratios. To identify the causal impact of the war and the growth of the \"security budget\" on IFE, a panel regression model with fixed effects and the \"difference-in-differences\" methodology was used. It was found that, provided that a sufficient level of liquidity was maintained and the debt burden was controlled, individual enterprises were able to maintain (or even improve) their financial efficiency, despite the increase in security costs. This emphasizes the importance of balanced financial management for business sustainability in wartime. Based on the results of the analysis, practical recommendations were developed regarding the minimum liquidity reserve and the optimal level of security costs, compliance with which will help minimize the negative impact of risk factors on the financial performance of enterprises.