Journal of Academic Opinion

Real Inflation in The Context of Shrinkflation and Skimpflation

Haluk Yergin — 2024-06-30

One of the most important issues of macroeconomics, which deals with the structure, performance, and behaviour of the economy, is inflation, the continuous increase in the general level of prices. Inflation can be expressed in numbers, but inflation is more than just numbers, both economically and socially. For this reason, inflation is one of the most important issues in the economic literature since it affects many parameters such as economic sustainability, income distribution, competitiveness, and purchasing power. In countries with high inflation, producers who are worried about the increase in costs make changes in the quality and quantity of products with high substitutes. This decrease in quality and quantity is not clearly reflected in inflation calculations. As the inflation rate increases, such practices increase. As a result, the fact that the consumer pays the same amount for a product that is less in quantity and of lower quality represents the part of inflation that is not considered. Therefore, there is a difference between the inflation rate and the inflation rate experienced by the society. While not adding the difference defines inflation, adding or subtracting this difference in quality and quantity defines real inflation. In this study, the concept of real inflation because of the concept of shrinkflation and skimpflation is analysed in the theoretical framework.

Determining Customer Risk Factors in an Insurance Company through Data Mining Analysis

Deniz Merdin — 2024-06-30

In recent years, data mining applications have been widely used in academic and sectoral studies as they provide speed and flexibility to sectors in areas such as decision support systems, market strategy, and financial forecasts. Data mining tools, which enable access to meaningful information in data stacks, contribute to increasing the sustainability level of companies. Data mining techniques are widely used in customer relationship management to improve flexibility, agility, and the ability to meet changing dynamics in customer demands. In this way, while enhancing the customer experience of companies, customer satisfaction and loyalty are also increased. This study aims to investigate the variables that affect the insurance premium value that customers will pay in an insurance company and the effect of the services provided by agencies on the insurance premium. Within the scope of the study, information on 150 customers of an insurance company operating in Ankara who have traffic insurance and the vehicle to be insured was collected, analyzed, and classified using data mining techniques. As a result of the study, the variable that affects the insurance premium the most is the traffic insurance level, i.e. the driver's no-claims status. Whether the services provided by the agency affect the determination of the insurance premium was investigated. As a result, no difference was found in the utilization of the services.

A Research on Consumer Typologies in Edutainment Parks from an Experiential Marketing Perspective

Mustafa Süzen — 2024-06-30

The aim of this study is to reveal the typologies of child consumers visiting large-scale edutainment parks in shopping malls in terms of experiential marketing from the parents' perspective. The study was designed according to quantitative research methodology. In the study, 404 parents who visited an edutainment park with their children were reached by using the convenience sampling technique. Survey technique was used to collect data. Explanatory factor analysis, cluster analysis, one-way analysis of variance, Chi-square analysis and descriptive statistics were used to analyze the data. Factor analysis results show that the experience offered in the edutainment park consists of three dimensions: Entertainment and aesthetics, escape and education. Cluster analysis results show that participants are grouped into three clusters according to these dimensions. Experience amorous think that the experience offered in the park has a very high educational contribution to their children and that their children have a lot of fun in the park. According to experience amorous, their children had a very different experience from their daily routine in the park. The second group of experience lovers think that the educational contribution and entertaining nature of the experience offered in the park is at a high level. According to experience lovers, their children had an experience different from their daily routine. The laggards group, on the other hand, positions behind experience amorous and experience lovers in terms of experiential marketing tendencies and displays a more indecisive profile. There are also significant differences between all three clusters in terms of satisfaction and revisiting intentions.

The Impact of Internship Programs on Students’ Career Development: A Case Study of Pakistan

Abbiha Waqar — 2024-06-30

The topic of this study is “The Impact of Internship Programs on Students' Career Development: A Case Study of Pakistan”. The aim of the study is to evaluate the efficacy of various practicum programs in enhancing students' employability and career advancement. Furthermore, to assess the effectiveness of internship programs in Pakistan in developing students' careers and contemplating factors such as skill acquisition, professional networking, and employability outcomes. Work-based learning (WBL) is a broad term used for internships. The methodology used for this research was based on qualitative analysis. Qualitative data was collected through various journals such as Jstor, Google Scholar, Science Direct, etc. The sample was one of the leading universities in Lahore, Pakistan (Lahore School of Economics). In addition to that, the university website is used to analyze the data. One of the famous research methods for the analysis of qualitative data, which is content analysis, is used for the analysis of this study. The results show that internships programs have several benefits for students, and it has a great impact on student’s career development. The internship programs help students to enhance their practical knowledge and also help them to boost their personal and professional skills. These skills help students to perform better at the workplace.

Subfactors of Rule of Law and Income Inequality: A Panel Data Approach in High Income Countries

Muhammet Sait Bozik — 2024-06-30

The relationship between the rule of law, income inequality, and power has been widely discussed over the past century. The balance between the rule of law and income inequality is crucial to the fabric of society, yet this relationship has rarely been considered. This study aims to provide a quantitative analysis of how the rule of law is related to inequalities in per capita income and how this affects the welfare of a nation and individuals. This will be achieved by integrating the field of economic law with political science. Focusing on wealthy countries, we use panel data methodology to analyze the impact of different sub-factors of the rule of law on income distribution. Using data from 31 high-income countries between 2012 and 2021, the study assesses the income distribution of the bottom 50% of the population and investigates whether government constraints, absence of corruption, open government, fundamental rights, civil justice, and criminal justice are associated with the lowest income distribution. The results indicate that the enforcement of economic rules and the judicial system have a significant impact on income distribution. This underscores the need for well-structured legal frameworks that promote fair and inclusive economic outcomes.