The Concept of Rationality in Neoclassical and Behavioural Economic Theory

Soukup, Alexandr; Maitah, Mansoor; Svoboda, Roman

doi:10.5539/mas.v9n3p1

Cited by 7 publications

(3 citation statements)

References 15 publications

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“…The HCT model assumes that an individual's choice is made from a finite set of known alternatives whereas the necessary information needed to make an informed decision is present. At the institutional level, a PHEI can maximize its utility with cost minimization as they consider the constraints of the variables in play (Soukup et al, 2015). Meaning that institutions achieve marginal utility through shifts in supply and demand for enrollment for the major fields of study in their respective programs.…”

Section: Discussionmentioning

confidence: 99%

Evaluating Demand for Full-Time Enrollment in Public Higher Education

Rush¹

2023

IJBMS

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There is distinct competition for full-time student enrollment in higher education. With the wide availability of online degrees and course offerings, students can consider multiple options as consumers of higher education. With increased competition in higher education, reaching prospective undergraduate students highlights the importance of market segmentation as a vital step toward increasing full-time enrollment. A critical step to attracting potential undergraduate students requires a deeper understanding of student segment populations. The purpose of this study is to investigate how distinct student segments and demand factors influence higher education enrollment within public higher education institutions. The study examined three types of undergraduate student segments: traditional, non-traditional, and transfer students to evaluate how online course modalities as well as major fields of study influence student demand for full-time enrollment. Historical and publicly available secondary data were examined for the academic years 2014-2015 through 2018-2019 to describe relationships between total full-time enrollment (dependent) with online course enrollment and major fields of study (independent) variables. Administrators in public higher education institutions will be able to use the findings from this study for the development of an enrollment framework focusing on student segmentation strategies.

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Section: Discussionmentioning

confidence: 99%

Evaluating Demand for Full-Time Enrollment in Public Higher Education

Rush¹

2023

IJBMS

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“…Eventually, both economists agreed that this is the difference between the retail price and production cost along with the economic surplus. One of the main and starting postulations of neoclassical economics is liked with the utility of the consumers, not the price or cost of the production (Tsoulfidis and Tsaliki, 2019;Soukup et al, 2015). The relation of the concept of the classical and neo classical theory is important for the study related to energy consumption and economic growth in Indonesia.…”

Section: Literature Review and Theoretical Frameworkmentioning

confidence: 99%

Energy Consumption and Economic Growth in Indonesia

Dat¹,

Hoang²,

Huyen³

et al. 2020

IJEEP

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The aim of following study was to examine the relationship between energy consumption and economic growth in Indonesia. This study has used quantitative research design for assessing the energy consumption and its link with economic growth in Indonesia for the period of 2000-2019. The independent variable in this study was energy consumption whereas; dependent variable was economic growth in Indonesia .The data is analysed through E-views using autoregressive distributed lag co-integration approach for long-run relationship, and long-run and short-run coefficients, Augmented Dickey Fuller and Johansen co-integration. The findings have revealed that economic growth and energy consumption has association with each other. Within the given historic data, energy consumption has the ability to predict economic growth in Indonesia. The research can be improved through increasing sample size, number of variables and countries for comparison. This study also provides the guideline to the polcymakers that they should develop the policies related to the energy consumption that enhance the economic growth of the country.

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“…However, in the context of transition, it was highly criticized due to absence of perfect competitive market and basic market institutions and tools. On the other hand, the assumption of capital movement from economically developed countries to the capital-scarce countries was very important for understanding incentives of FDI in transition economies (McDougall, 1960), (Soukup et al, 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of Foreign Direct Investments in Transition Economies: Case of Commonwealth of Independent Countries

Shukurov¹,

Maitah²,

Smutka³

2016

Acta Univ. Agric. Silvic. Mendelianae Brun.

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While there has been voluminous research on the determinants of FDI for developed and developing countries, little has been done on this issue for transition economies, especially, for the Commonwealth of Independent States (CIS) countries. the present paper examines the determinants of inward Foreign Direct Investment (FDI) flows in the CIS during 1995-2010. the results of empirical analysis using panel data models, conducted with the purpose of identifying the factors that determine the motivation and decision of multinational companies (MNC) to invest in CIS economies, show that regardless of the presence of high investment risk in transition economies, the choice of FDI location always depends on a preliminary analysis of countries' advantages (FDI stock, market size, abundance in natural resources) and disadvantages at macro level (fiscal imbalance and inflation). These pre-existing conditions can always roughly predict the type of FDI (resource-seeking, market-seeking, efficiency-seeking).

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The Concept of Rationality in Neoclassical and Behavioural Economic Theory

Cited by 7 publications

References 15 publications

Evaluating Demand for Full-Time Enrollment in Public Higher Education

Evaluating Demand for Full-Time Enrollment in Public Higher Education

Energy Consumption and Economic Growth in Indonesia

Determinants of Foreign Direct Investments in Transition Economies: Case of Commonwealth of Independent Countries

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