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"Market economies"
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A CRIME SCRIPT ANALYSIS OF THE ONLINE STOLEN DATA MARKET
2015
The purpose of this study is to better understand the online black market economy, specifically relating to stolen data, using crime script analysis. Content analysis of 13 English-and Russianspeaking stolen data forums found that the different products and services offered enabled the cornmodification of stolen data. The marketplace offers a range of complementary products, from the supply of hardware and software to steal data, the sale of the stolen data itself, to the provision of services to turn data into money, such as drops, cashiers and money laundering. The crime script analysis provides some insight into how the actors in these forums interact, and the actions they perform, from setting up software to finalizing transactions and exiting the marketplace.
Journal Article
Reclaiming Virtue Ethics for Economics
2013
Virtue ethics is an important strand of moral philosophy, and a significant body of philosophical work in virtue ethics is associated with a radical critique of the market economy and of economics. Expressed crudely, the charge sheet is this: The market depends on instrumental rationality and extrinsic motivation; market interactions therefore fail to respect the internal value of human practices and the intrinsic motivations of human actors; by using market exchange as its central model, economics normalizes extrinsic motivation, not only in markets but also in social life more generally; therefore economics is complicit in an assault on virtue and on human flourishing. We will argue that this critique is flawed, both as a description of how markets actually work and as a representation of how classical and neoclassical economists have understood the market. We show how the market and economics can be defended against the critique from virtue ethics, and crucially, this defense is constructed using the language and logic of virtue ethics. Using the methods of virtue ethics and with reference to the writings of some major economists, we propose an understanding of the purpose (telos) of markets as cooperation for mutual benefit, and identify traits that thereby count as virtues for market participants. We conclude that the market need not be seen as a virtue-free zone.
Journal Article
Enlarging the Varieties of Capitalism: The Emergence of Dependent Market Economies in East Central Europe
by
Vliegenthart, Arjan
,
Nölke, Andreas
in
Capitalism
,
Central Eastern Europe
,
Comparative advantage
2009
This article enlarges the existing literature on the varieties of capitalism by identifying a third basic variety that does not resemble the liberal market economy or coordinated market economy types. The dependent market economy (DME) type, as it is named by the authors, is characterized by the importance of foreign capital for the socioeconomic setup and is located in postsocialist Central Europe. Since the collapse of state socialism in the late 1980s, the Czech Republic, Hungary, Poland, and the Slovak Republic have introduced a rather successful model of capitalism when compared with other postsocialist states. This article identifies the key elements of the DME model and discusses their interplay. DMEs have comparative advantages in the assembly and production of relatively complex and durable consumer goods. These comparative advantages are based on institutional complementarities between skilled, but cheap, labor; the transfer of technological innovations within transnational enterprises; and the provision of capital via foreign direct investment.
Journal Article
An empirical evaluation about the effects of environmental expenditures on environmental quality in coordinated market economies
by
Basoglu, Aykut
,
Uzar, Umut
in
Acceleration
,
Aquatic Pollution
,
Atmospheric Protection/Air Quality Control/Air Pollution
2019
Acceleration of environmental degradation in recent years highlights the environmental quality as an indication of welfare and increases the number of studies conducted within this framework. Also, economic decision-making units have been doing various spending in order to maintain/increase environmental quality. In this context, the aim of this study is to examine the effect of environmental expenditures made by public sector on ecological deficit as a representative of the environmental quality for 9 coordinated market economies in Europe from 1995 to 2014. According to the findings acquired in the research, a cointegration relationship has been found between variables. It has been detected within the frame of panel ARDL analysis that total public expenditures increase the ecological deficit while environmental expenditures decrease it. In other words, scale effect of public expenditures affects the environmental quality negatively but its composition effect which will take place in favour of environmental expenditures has a positive effect. Thus, instead of the size of public expenditures, focusing on how the content of public expenditures of policy makers is formed in a way highlighting the environmental expenditures can boost welfare over environmental quality.
Journal Article
Moral Views of Market Society
2007
Upon what kind of moral order does capitalism rest? Conversely, does the market give rise to a distinctive set of beliefs, habits, and social bonds? These questions are certainly as old as social science itself. In this review, we evaluate how today's scholarship approaches the relationship between markets and the moral order. We begin with Hirschman's characterization of the three rival views of the market as civilizing, destructive, or feeble in its effects on society. We review recent work at the intersection of sociology, economics, and political economy and show that these views persist both as theories of market society and moral arguments about it. We then argue that a fourth view, which we call moralized markets, has become increasingly prominent in economic sociology. This line of research sees markets as cultural phenomena and moral projects in their own right, and seeks to study the mechanisms and techniques by which such projects are realized in practice.
Journal Article
Organizational Forms and Multi-population Dynamics: Economic Transition in China
2014
To examine the transition from a planned to a market economy in China, this study uses census data from China's National Bureau of Statistics from 1998-2006 to investigate multi-population dynamics across the three main organizational forms in China's domestic sector: state-owned enterprises (SOEs), collectively owned enterprises (COEs), and privately owned enterprises (POEs). We conceptualize economic transition as a community-level change from an old, dominant organizational form (SOE), through a transitional form (COE), to a new form (POE). When the new organizational form conflicts with the prevailing identity codes represented by the old form, the transitional form—which has identity overlap with both the new and old forms—performs the critical tasks of transferring legitimacy to the new form and supporting its survival and proliferation. Our analysis showed that, though the existence of state-owned enterprises increased the exit rate of privately owned enterprises, collectively owned enterprises provided legitimation for privately owned enterprises. Meanwhile, privately owned enterprises crowded out both state-owned enterprises and collectively owned enterprises. We contribute to ecology theory by extending research that typically depicts a two-population scenario. Our framework accommodates cross-effects involving three organizational forms: old, transitional, and new.
Journal Article
Evaluation of market risk and resource allocation ability of green credit business by deep learning under internet of things
2022
The research expects to evaluate the capital market risk and resource allocation ability of green credit business exploration based on neural network algorithm by deep learning in the context of the Internet of things, increase the funds flowing to green environmental protection industry, accelerate the development of real economy and stabilize China’s market economy. On the basis of previous studies, the research takes the credit business in the capital market as the research object, and improves the ability of resource allocation by optimizing the financial transaction structure. On this basis, through comparative analysis, the grey system model is implemented. back propagation neural network model under deep learning is used to evaluate the capital market risk of green credit business exploration, and the data of different provinces in China from 2009 to 2019 are taken as an example to verify. The model is used to measure the relationship between green credit business and industrial structure. Additionally, it also analyzes the main factors affecting the efficiency of green credit. The results show that green credit mainly affects the industrial structure through enterprise capital and financing channels. China’s overall green credit adjustment has had a significant upgrading effect on the industrial structure. The impact of green credit on industrial structure adjustment is different in the east, middle, and west regions. Optimizing the project capital structure, promoting seasonal financial transformation, setting up the function of innovation platform, and improving the internal governance structure of enterprises can improve financing efficiency and realize green and sustainable economic development in the future. The research results can provide a theoretical basis for the green development of China’s financial market and the application of deep learning neural network algorithm under the background of Internet of things.
Journal Article
Does Poland’s agri-food industry gain comparative advantage in trade with non-EU countries? Evidence from the transatlantic market
by
Pawlak, Karolina
,
Smutka, Luboš
in
Agribusiness
,
Agricultural industry
,
Agricultural production
2022
Accession of Poland to the European Single Market generated trade creation and diversion effects, which in turn resulted in a high degree of concentration of the Polish foreign trade in agri-food products with other EU countries. On the one hand, a high share of export to the markets of countries with a stable market economy is a confirmation of the Polish agri-food sector’s capacity to compete on the foreign markets. On the other hand, when considering limited capability to increase food demand in the EU it provides grounds for the assumption that further export expansion to a considerable extent will depend on the potential expansion of sale to non-EU markets. In this context significant issues include diversification of target markets and search for prospective markets outside the EU, while they also determine directions of an advantageous export specialization. In the period up to 2021 the USA was the fourth non-EU export partner of Poland in the agri-food sector after the United Kingdom, Ukraine and Russia. The aim of this paper is to evaluate the level of comparative advantages of the Polish agri-food sector on the EU and US markets in 2004–2021 using Widodo’s products mapping technique. The study used statistical data from the ComExt database of the European Statistical Office (Eurostat). The conducted studies showed Polish export specializations in the transatlantic trade, as confirmed by high comparative advantages, as well as a positive and steadily improving trade balances for food preparations, including meat, cereal, fruit and vegetable, as well as confectionery preparations, and less processed animal origin products (meat and offal as well as dairy produce). Poland had a disadvantageous competitive position in trade of products complementary in relation to domestic production, which import was necessary. In view of the comparative cost theory the directions of the realized export specialization were rational and should be maintained. While in trade with the other EU countries the competitive position of the Polish agri-food sector was weakened, it was strengthened on the US market. In view of the considerable EU market saturation the improved competitive capacity in the non-EU markets is a positive development, which is a promising finding particularly in the long-term perspective.
Journal Article
From Bottleneck to Breakthrough
by
SANDERSON, ERIC W.
,
WALSTON, JOSEPH
,
ROBINSON, JOHN G.
in
Anthropocene
,
Anthropocene epoch
,
Biodiversity
2018
For the first time in the Anthropocene, the global demographic and economic trends that have resulted in unprecedented destruction of the environment are now creating the necessary conditions for a possible renaissance of nature. Drawing reasonable inferences from current patterns, we can predict that 100 years from now, the Earth could be inhabited by between 6 and 8 billion people, with very few remaining in extreme poverty, most living in towns and cities, and nearly all participating in a technologically driven, interconnected market economy. Building on the scholarship of others in demography, economics, sociology, and conservation biology, here, we articulate a theory of social– environmental change that describes the simultaneous and interacting effects of urban lifestyles on fertility, poverty alleviation, and ideation. By recognizing the shifting dynamics of these macrodrivers, conservation practice has the potential to transform itself from a discipline managing declines (“bottleneck”) to a transformative movement of recovery (“breakthrough”).
Journal Article
Spreading the sharing economy: Institutional conditions for the international diffusion of Uber, 2010-2017
2021
This study examines the factors that facilitated the international diffusion of Uber, one of the fastest growing global companies in the sharing economy. We particularly focus on the legal and institutional conditions under which this ride-sharing platform could spread to customers online. Using a unique cross-national, longitudinal dataset, we employ event history models to investigate the effect of institutional environment on the diffusion of Uber. The results suggest that the establishment of the rule of law has a positive impact on the spread of Uber, even after controlling for economic and political characteristics. In addition, the overall quality of governmental regulations on markets is positively related to the diffusion of this ride-sharing platform. Our study contributes to the emerging literature on the sharing economy by identifying critical institutional factors that enable the transformation of business models worldwide.
Journal Article