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Global Economies and Markets

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: 5 June 2024 | Viewed by 2013

Special Issue Editors


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Guest Editor
Robert C. Vackar College of Business and Entrepreneurship, The University of Texas Rio Grande Valley, Brownsville, TX 78520, USA
Interests: global economies and markets
Special Issues, Collections and Topics in MDPI journals

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Guest Editor
School of Economics and Management, Beijing University of Posts and Telecommunications, Beijing 100876, China
Interests: strategic performance and innovation; globalization of enterprises; cross-border e-commerce; digitalization

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Guest Editor
A.R. Sánchez Jr. School of Business, Texas A&M International University, Laredo, TX 78041, USA
Interests: business analytics; machine learning
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

This Special Issue of Sustainability seeks to disseminate the latest findings in, and implications of, all areas specifically related to global economies and markets. The globalization process, spearheaded by lower tariff and non-tariff barriers as well as advances in transportation and telecommunications, has indeed led to an increased interaction, closer integration, and further interdependence between people, businesses, governments, and countries worldwide. It has created a virtuous circle of competition, employment, foreign investment, and trade that has boosted economic growth and taken millions of people out of poverty. Nonetheless, in the midst of biological, environmental, financial, and geopolitical pandemics, the world economy is today witnessing subsidization, export restrictions, tax breaks, and protectionism among developed countries which are threatening the win–win gains that globalization was known for.

Global economies and markets bring to the forefront a holistic social, legal, economic, political, and technological approach with substantial managerial and policy-making implications regardless of the economic sectors, industries, businesses and countries, regions, or continents in which they are deployed. Extraordinary events and rampant instability have exacerbated crises, risks and uncertainty on the global scale. Approaches to measuring the costs, benefits, and spillovers using quantitative and qualitative models create opportunities for collaboration between academia, businesses, and governments. Topics of interest around global economies and markets include artificial intelligence, circular economy, shadow economy, debt, development, foreign investment, governability, sustainability, trade, and other global economy issues relevant for achieving a sustainable world.  

In this Special Issue, original research articles that focus on challenging and debatable issues in the field are welcome. Research areas may include (but are not limited to) the following:

  • Poverty;
  • Income concentration;
  • Corruption;
  • Global warming and climate change;
  • Clean and green technologies;
  • Supply chain bottlenecks;
  • Multinational enterprises;
  • International finance and trade;
  • Sustainable development goals.

We look forward to receiving your contributions.

Prof. Dr. Jaime Ortiz
Prof. Dr. Yan Chen
Prof. Dr. Haibo Wang
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • artificial intelligence
  • inequality and poverty
  • growth and development
  • multinationals
  • climate change
  • sustainability

Published Papers (2 papers)

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Research

30 pages, 626 KiB  
Article
The Impact of Data Elements on Enterprises’ Capital Market Performance: Insights from Stock Liquidity in China and Implications for Global Markets
by Rong Cui, Yuda Wang and Yujing Wang
Sustainability 2024, 16(9), 3585; https://0-doi-org.brum.beds.ac.uk/10.3390/su16093585 - 24 Apr 2024
Viewed by 415
Abstract
Amidst a backdrop of global economic challenges and shifting market dynamics, this study highlights the transformative role of data elements in enhancing enterprise performance within capital markets, particularly focusing on China’s leading position in the digital economy as a model with implications for [...] Read more.
Amidst a backdrop of global economic challenges and shifting market dynamics, this study highlights the transformative role of data elements in enhancing enterprise performance within capital markets, particularly focusing on China’s leading position in the digital economy as a model with implications for global markets. This study utilized a panel data set consisting of 10,493 observations from 2687 listed enterprises in Shanghai and Shenzhen A-shares from 2015 to 2023. An econometric analysis was conducted using a two-way fixed effects model to explore the impact of enterprise data elements on capital market performance in the digital economy and its underlying mechanisms. The research reveals that the digitization of enterprise production factors can significantly enhance performance in the capital market. The study further suggests that enterprise innovation and enterprise value play a crucial role in mediating this effect. This paper introduces a new concept called “data elements”, which expands the definition and assessment methods of enterprise data capabilities. It goes beyond just digital transformation at the application level and includes data governance at the basic ability level. This approach provides a more accurate and comprehensive understanding of the different elements of data. Moreover, the research expands the research scope of microeconomic entities’ economic benefits, thereby extending the value contributed by enterprise data elements to their performance in the capital market. Additionally, this study reveals the relationship between enterprise data elementization and capital market performance through intermediary analysis of enterprise innovation performance and enterprise value, which unveils the “black box” and clarifies the transmission pathway. The findings of this research hold considerable theoretical value and have far-reaching practical implications for government policies concerning data elements and the development of high-quality enterprises, suggesting pathways for global markets to leverage data for enhanced enterprise performance and economic resilience. The results are particularly useful for policymakers, enterprise managers, and scholars in understanding and implementing data-driven strategies in capital markets. Full article
(This article belongs to the Special Issue Global Economies and Markets)
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28 pages, 45058 KiB  
Article
Assessing the Effect of the Magnitude of Spillovers on Global Supply Chains Using Quantile Vector Autoregressive and Wavelet Approaches
by Haibo Wang, Lutfu Sagbansua and Jaime Ortiz
Sustainability 2023, 15(19), 14510; https://0-doi-org.brum.beds.ac.uk/10.3390/su151914510 - 05 Oct 2023
Viewed by 924
Abstract
Overwhelmed by the negative impacts of the COVID-19 pandemic, global supply chains are being restructured and improved worldwide. It then becomes essential to accurately assess their vulnerabilities to external shocks and understand the relationships between key influential factors to obtain the desired results. [...] Read more.
Overwhelmed by the negative impacts of the COVID-19 pandemic, global supply chains are being restructured and improved worldwide. It then becomes essential to accurately assess their vulnerabilities to external shocks and understand the relationships between key influential factors to obtain the desired results. This study provides a new conceptual econometric framework to examine the relationships between the purchasing managers’ index, service purchasing managers’ index, world equity index, unemployment rate, food and beverage historical prices, Baltic Dry Index, West Texas Intermediate Index, and carbon emissions. A quantile vector autoregressive (QVAR) model is used to assess the dynamic connectedness among Brazil, Russia, India, China, South Africa, and the United States based on such factors. A wavelet method is also utilized to assess the coherence between the time series. The results of the correlation and dynamic connectedness analyses for these countries reveal that the service purchasing managers’ index offers the highest spillover value toward the other factors. Full article
(This article belongs to the Special Issue Global Economies and Markets)
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