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ID:
140844
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| Summary/Abstract |
The purpose of this article is to analyse the work-value clusters across 31 regions in China by applying Hofstede’s five dimensions framework. Following a thorough literature survey, the authors identified 21 factors to explain cultural differences. Of these, 19 could possibly explain differences in work values among regions in China. Subsequent data analysis suggests that China can appropriately be grouped into two or three work-value clusters depending on the work value dimensions applied. Regional differences suggest two main clusters derived from the dimensions of individualism, power distance, uncertainty avoidance and long-term orientation, while when masculinity is also considered, three clusters emerge.
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| 2 |
ID:
175237
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| Summary/Abstract |
This study investigates the drivers of residential electricity demand in Saudi Arabia at a regional level for the period 1990–2018 using Structural Time Series Modeling. We find that Saudi Arabia's two waves of energy price reforms in 2016 and 2018 have had different impacts on residential electricity consumption across its regions. The empirical estimation results show that the long-run price responses of residential electricity demand vary across regions: from −0.20 in the Central region to −0.46 in the Eastern region. The short-run elasticities are −0.10 for the Central and Western regions, −0.15 in the Southern region, while the Eastern region's demand does not respond to price changes in the short run. The long run income elasticities of the regions' residential electricity demand also differ considerably: from 1.02 in the Western region to 0.27 in the Eastern region. The short-run income elasticities are 0.14 and 0.43 for the Eastern and Western regions, respectively while the residential electricity demand in the Central and Southern regions' does not react to income changes. We further estimate that hot weather conditions significantly impact all regions' residential electricity demand. Finally, we find that all regions saw some efficiency improvements in light of the energy price reforms, although there is a room for further improvements. The findings of the study can be useful for policymakers through the ways that we discussed in the paper.
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