Introduction: With the adoption of the rural rehabilitation strategy in recent years, China’s rural tourist industry has entered a golden age of growth. Due to the lack of management and decision-support systems, many rural tourist attractions in China experience a “tourist overload” problem during minor holidays or Golden Week, an extended vacation of seven or more consecutive days in mainland China formed by transferring holidays during a specific holiday period. This poses a severe challenge to tourist attractions and relevant management departments. Objective: This study aims to summarize the elements influencing passenger flow by examining the features of rural tourist attractions outside China’s largest cities. Additionally, the study will investigate the variations in the flow of tourists. Method: Grey Model (1,1) is a first-order, single-variable differential equation model used for forecasting trends in data with exponential growth or decline, particularly when dealing with small and incomplete datasets. Four prediction algorithms—the conventional GM(1,1) model, residual time series GM(1,1) model, single-element input BP neural network model, and multi-element input BP network model—were used to anticipate and assess the passenger flow of scenic sites. Result: The multi-input BP neural network model and residual time series GM(1,1) model have significantly higher prediction accuracy than the conventional GM(1,1) model and unit-input BP neural network model. A multi-input BP neural network model and the residual time series GM(1,1) model were used in tandem to develop a short-term passenger flow warning model for rural tourism in China’s outskirts. Conclusion: This model can guide tourists to staggered trips and alleviate the problem of uneven allocation of tourism resources.
With the economic development and the carbon emissions cluster rise, this study uses CiteSpace, VOSviewer, and R-based Bibliometrix software to visualize and analyze the relevant literature on carbon emissions retrieved from the Web of Science database from 2014 to 2023. Through the analysis of the trend of publication volume, author co-citation analysis, institutional co-citation analysis, country co-citation analysis, literature co-citation analysis, thematic analysis of research, research evolution, and other related contents, it reveals the main academic forces, hot research areas, thematic focus changes and cutting-edge trends of international carbon emission research. The results of the study found that the themes of international carbon emissions research focus on carbon emissions, the drivers of carbon neutrality, and the impacts of climate change. An in-depth study of these aspects can help formulate more effective climate policies and emission reduction strategies to achieve global carbon neutrality and combat climate change.
Credit policies for clean and renewable energy businesses play a crucial role in supporting carbon neutrality efforts to combat climate change. Clustering the credit capacity of these companies to prioritize lending is essential given the limited capital available. Support Vector Machine (SVM) and Artificial Neural Network (ANN) are two robust machine learning algorithms for addressing complex clustering problems. Additionally, hyperparameter selection within these models is effectively enhanced through the support of a robust heuristic optimization algorithm, Particle Swarm Optimization (PSO). To leverage the strength of these advanced machine learning techniques, this paper aims to develop SVM and ANN models, optimized with the PSO, for the clustering problem of green credit capacity in the renewable energy industry. The results show low Mean Square Error (MSE) values for both models, indicating high clustering accuracy. The credit capabilities of wind energy, clean fuel, and biomass pellet companies are illustrated in quadrant charts, providing stakeholders with a clear view to adjust their credit strategies. This helps ensure the efficient operation of banking green credit policies.
The Human Development Index, which accounts for both net foreign income and the total value of goods and services generated domestically, illustrates how income becomes less significant as Gross National Income (GNI) rises by using the logarithm of income. South Africa ranks 109th out of 189 countries in the Human Development Index (HDI) within the Brazil, Russia, India, China and South Africa (BRICS) economic bloc, raising long-term sustainability concerns. The study explores the relationship between economic, demography, policy indicators and human development in South Africa. South Africa’s unique status as a developing country within the BRICS economic group, alongside its lengthy history of racial discrimination, calls for a sophisticated approach to understanding Human Development. Existing research considered economic, demography, policy indicators independently; the gap of understanding their interconnection and long-term effects in the South African contexts exists. The study addresses the gap by using Autoregressive-Distributed Lag (ARDL) approach to investigate the short-term and the long-term relationship between economic, demography, policy indicators and human development in South Africa. By discovering these links, the study hopes to provide useful insights for policymakers seeking to promote sustainable human development in South Africa. The findings indicate that growth in GDP is a key factor in the HDI since it shows that there are more financial resources available for human development. By discovering these links, the study hopes to provide useful insights for policymakers seeking to promote sustainable human development in South Africa.
In order to diversify a portfolio, find prices, and manage risk, derivatives products are now necessary. There is a lack of understanding of the true influence of derivatives on the behavior of the underlying assets, their volatility consequences, and their pricing as complex instruments. There is a dearth of empirical research on how these instruments impact company risk exposures and inconsistent findings. This study examines corporate derivatives’ impact on stock price exposure and systematic risk in South African non-financial firms. Using a dataset of listed firms from 2013 to 2023, we employ Generalized Autoregressive Conditional Heteroscedasticity (GARCH) models to assess the effect of derivatives on return volatility and beta, a measure of systematic risk. Additionally, we apply the Generalized Method of Moments (GMM) to address potential endogeneity between firm characteristics and derivatives use. Our findings suggest that firms using derivatives experience lower overall volatility and reduced systematic risk compared to non-users. The results are robust to various control factors, including firm size, leverage, and macroeconomic conditions. This study fills a gap in the literature by focusing on an underrepresented emerging market and provides insights relevant to global risk management practices.
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