A REVIEW OF SPATIAL ECONOMETRICS IN EXPLICIT LOCATION MODELLING OF COMMERCIAL PROPERTY MARKET

‘Location, location, location’ is a real property parlance mostly used to describe the influence of location in the property market. Location is mainly considered as the most significant influencer of commercial property prices. Location is modelled traditionally using hedonic pricing model by either proxy location dummies or distances relative to other neighbourhood features. This was shown to be inadequate due to spatial autocorrelation and heterogeneity inherent in spatial data, which jeopardises the estimates' consistency. Consequently, spatial econometrics is used to explicitly model location into property pricing by controlling spatial effects of autocorrelation and heterogeneity. Housing studies dominate the use of this approach with limited application in the commercial property market. This paper reviewed spatial econometrics and found that the commercial property market exhibits significant spatial dependence and heterogeneity. Accounting for such effects improves model accuracy significantly. It, therefore, recommends increase use of spatial econometrics in commercial property market modelling.

The Dynamic Evolution of Overseas Market Network of Chinese Enterprises: Agglomeration or Dispersion

Based on the CEPII-BACI database and China Customs database from 2000 to 2011, this paper combines the degree of export experience of enterprises with their own trade network to study the differential effects of accumulated export experience on the dynamic evolution of enterprises’ overseas market network structure and further explores it from the perspective of community and neighbors. The results of this study show the following. (1) The location choice of Chinese enterprises’ overseas market depends significantly on the structure of export network constructed in the past and tends to choose regions with closer geographical and economic ties as export target countries. There is a significant path dependence effect. However, enterprises with rich export experience are no longer subject to the constraints of geographical space and will make the overseas market layout more “decentralized.” (2) The decision making of export market location depends on the community distribution of export network. The path-dependent effect of export market layout in the export network community is significantly greater than that outside the community and tends to choose the intra-community region for overseas market layout. (3) The export network of adjacent enterprises has a significant impact on the location of enterprises’ overseas market. However, enterprises with rich export experience are less dependent on the geographic network expansion effect of their neighbors and tend to choose markets with close economic links.

The Geographical Distance between Producers and Consumers of the Organic Street Markets: The Case of Belo Horizonte, Brazil

The organic street markets are considered a short food supply chain, and their importance gained new proportions since COVID-19 brought difficulties to the traditional supply chain. The organic street markets represent a place to sell the product for organic family farmers and an opportunity to obtain better quality and variety of organic products at a lower price. This work aimed to analyze the geographical distance from producers and consumers of organic street markets in Belo Horizonte, Brazil, identifying the organic street market characteristics that influence the organic consumers. The research methods used descriptive statistics, a chi-squared test, and the measurement of the geographical distance. Results allowed us to conclude the organic street markets with more producers attract more consumers and consumers willing to travel long distances. Additionally, the factors related to a street market location, product, and consumer behavior are associated. Finally, results indicated the location of organic street markets contributes to displacements by non-motorized modes. The results indicated that the organic street market characteristics can contribute to a sustainable, short, organic food supply chain in Belo Horizonte.

Kualitas Telur Puyuh yang Beredar di Pasar Tradisional di Kecamatan Kaliwates Kabupaten Jember

The purpose of this research was to analyz the quality of quail eggs circulating in the traditional market in Kaliwates district of Jember Regency. This study used experimental method with Complete Randomized Design (CRD) with five treatments and each treatment have three replications. Treatments in this study were market location: P1(Kepatihan market), P2 (Tanjung market), P3(Market Mangli), P4 (Tegal Besar market) and P5 (Pelita market). The observed parameters consist of egg weight, egg white index, egg yolk index and quail egg unit haugh. The data were analyzed by Analysis of Variance (ANOVA). The results showed that the quality of quail eggs circulating in Kaliwates district of Jember regency have same quality (no significant difference (P>0.05)) between the five traditional markets on this study and have good quality according to standard.

The Impact of Market Relocation to Roadway and Sidewalk Functions at Patiunus Street Pekalongan

The more advance establishment of the country leads to the more developed economic progress. The economic activities require better supporting facilities and infrastructure. Market is one of infrastructure that can support economic activities. In addition, it requires a market location, it also requires a road to distribute the commodities in or out of the city. Roadway and sidewalk are supporting infrastructures that improve the economy in a country. One of market in Pekalongan city, Banjarsari Market’s was in fire. Then Banjarsari market was relocated in Patiunus Street. This research was conducted in Patiunus street, the sidewalk that was used for Banjarsari market relocation. The market relocation in the roadway and sidewalks can affect road functions and road users’ activities. Especially in the balancing interaction factor between the pedestrians and the vehicles, the safety factor of adequate space for pedestrians, the facilities offered a pleasurable experience on the sidewalk, the availability of public facilities unites, becomes supporting elements of the sidewalk. This research used the qualitative method and used three data collection techniques: direct observation, questionnaire, and documentation. The conclusion of this study is the existence of the Banjarsari market relocation on Jalan Patiunus affected the function of roads and sidewalks. By analyzing the result of the field survey and questionnaire to the road user and sidewalk users from Patiunus street, it can be concluded that the four standards for sidewalk (the balancing interaction between the pedestrians and the vehicles, safety factor, the facilities offered a pleasurable experience on the sidewalk and the availability of public facilities unites and becomes supporting elements of the sidewalk). Therefore, Patiunus street can have good functions for road user and sidewalk users.

Financial Markets and Exchanges Law

The book provides a comprehensive and authoritative analysis on the regulation of financial markets and market infrastructure. It focuses on stock markets and exchanges, associated trading, clearing, and settlement, and on payment systems, set in their historical and current contexts. This new edition addresses a number of major developments that have impacted the UK, wider European and international financial markets, such as within the UK, the PRA, the FCA and the Bank of England have become established financial regulators, each with its distinguishing responsibilities; MiFID has been substantially revised and strengthened through new directly applicable EU regulation; MiFID 2 also addresses the challenges posed by the use of fast-technology such as high frequency and algorithmic trading; and new technology is beginning to make an impact on the infrastructure of financial markets. This new edition includes updated content on the growing importance of financial technology with two new chapters on the emerging impact of financial technology on markets and on the regulation of markets. There is also a new chapter on MiFID 2 and MiFIR – the new securities trading architecture that will see the introduction of a new trading venue as well as significant changes to and the pre- and post-trade transparency and reporting regime. The introduction of mandatory trading of derivatives on trading venues is addressed together with the related post-EMIR regime for the mandatory clearing of certain classes of derivatives. Chapters on the role of the European Commission and ESMA have been updated, and consideration is given to the possible implications of Brexit for market location and access

PENERAPAN KEBIJAKAN DAERAH TENTANGKEGIATAN JUAL-BELI MAKANAN/MINUMAN DI BULAN RAMADHAN DI KOTA AMUNTAI KABUPATEN HULU SUNGAIUTARA

As a socio-cultural product of Banjar society, Ramadhan seasonal market, which coincided with the month of Ramadhan is a socio-cultural phenomena that reflects the religiosity of society, especially in Amuntai, Hulu Sungai Utara. Along with the globalization influencing Muslim countries, it’s reflecting the cultural change in society of Amuntai, known as Bertakwa City which is the cultural basis of social organization Nahdlatul Ulama and Muhammadiyah. Here, Regulation of Hulu Sungai Utara District No. 32 Year 2013 on the Prevention and Prohibition of Staining Activities in the sacred month of Ramadhan was made to ensure peace and order during the month of Ramadhan.In implementation, it’s constrained by low awareness of the traders / buyers as a target group in addition to the lack of enforcement of sanctions explicitly and the absence of a Standard Operating Procedure (SOP) that also affect the level of performance of the Civil Service Police Unit. In addition, limited land for Ramadan Market location in Jalan Basuki Rahmat resulted in the closure of the road and not the concentration of the traders of food / drinks.To improve the effectiveness of the implementation, it should be carried out intensive monitoring and integrated by forces civil service police unit especially with respect to hours of selling food / drinks during the day in Ramadan seasonal market and in other similar locations, the settings related to the traders cake / small snacks in the market daily / weekly complemented by the determination of the location of Ramadan more representative markets in the coming years by the authorities. In the meantime, it takes continuous socialization coupled with enforcement of sanctions explicitly that all of the stages refers to a set of Standard Operating Procedure (SOP).

Strategic Analysis of the Rise and Fall of UBER in the Private Urban Transport Business

The objective of this study is to analyze the strategies for entering the private urban transport services market managed by the multinational company Uber in the Guadalajara Metropolitan Area. The analysis included the growth conditions in coverage, its influence on urban mobility movements, and the decline due to competition, and finally to the 2020 pandemic. The entry of Uber to the local metropolitan area of Guadalajara market has experimented an impressive rise despite the conflicts with the traditional taxi systems of private transportation of passengers. However, the pandemic has suddenly turned down the increasing growth into a falling and decreasing phase. As a result, the analysis of this work shows the determining factors that have placed Uber as one of the leading companies within its area of influence and ends with some recommendations on the conflicts that the firm presents when entering a new market location.

The role of international experience in speed of entry: Empirical evidence from Chinese innovative firms

By analyzing the dynamic path of internationalization, this study attempts to explain the entry mode choice, location choice, and speed of entry in the process of internationalization from the learning results obtained from previous international activities. Our research shows that the speed of the entry process depends on the type of experiential learning generated by the implicit decision-making in the process of Internationalization: the entry mode choice and the market location choice. We find that the experience accumulated in the host country has an inverted U-shaped effect on the speed of entry; while the experience accumulated of the entry mode has a U-shaped impact on the speed of entry. We perform an event history analyses(EHA) on 153 Chinese innovative firms with 905 OFDI observations during the period from 1991 to 2015, and analysis what and why is the paths of internationalization of Chinese firms. We find that Chinese innovative MNEs have more likelihood to choice the entry mode of acquisition and WOS than other entry modes in OFDI activity, and there is a higher probability that the Chinese innovative MNEs choice the market location of developed countries than developing countries in OFDI activity. Most importantly, we find that accumulated experience in host country has an inverted U-shaped impact on the speed of internationalization operation with acquisition mode and the speed of internationalization in developed countries; while accumulated experience in focal entry mode has an U-shaped impect on the speed of internationalization operation with branch or WOS mode and the speed of internationalization in developing countries. This claim is supported by both non-parametric and parametric tests in the EHA. Our research highlights the short-term and long-term consequences of different types of paths associated with the internationalization process.