{"title":"Investment and Economic Disasters","authors":"Ćorić Bruno, Šimić Vladimir","doi":"10.33422/9th.icmeh.2019.09.989","DOIUrl":"https://doi.org/10.33422/9th.icmeh.2019.09.989","url":null,"abstract":"This paper investigates the impact of economic disasters on investment. Economic disasters have been recognized as a potential missing link for explaining output volatility and its effects in the long run, particularly working through the impact on investment. We use the identified economic disasters in a broad sample of countries, namely 131 countries for which we managed to collect the data to test for their impact on investment. Thus, in addition to the standard variables that enter the investment function, we complement it with the effects of economic disasters. In this context, our paper makes an empirical contribution to the literature on investment and economic disasters. Our results confirm the importance of standard determinants of investment, but in particular provide empirical support for the relevance of economic disasters, with its effects being statistically significant and negative. This finding may be treated as potentially important in helping to elaborate on the link between output volatility and growth. However, caution should be exerted as these results are a part of an ongoing research. In future work we plan to complement this investigation by panel data investigation and, especially, by covering longer time spans. This might add to robustness of this finding and its potential relevance in this part of economic literature.","PeriodicalId":417925,"journal":{"name":"Proceedings of The 9th international conference on Management , Economics and Humanities","volume":"22 9","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114023021","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Do Price Makers or Price Takers Suffer More During an Economic Recession?","authors":"Ruiqian Li","doi":"10.33422/9th.icmeh.2019.09.994","DOIUrl":"https://doi.org/10.33422/9th.icmeh.2019.09.994","url":null,"abstract":"The study seeks to understand the relationship between market power and the performance of firms during the recession, as well as its effect on firms’ recovery after the recession. Along the way, the effect of firms’ sizes is also explored. By analysing the performance of 81 US-based firms from the manufacturing sector, we discover that the market power plays a significant role in both the revenue and profit changes of the firms, while the firm's size is considerably less. Our main finding is that the price takers seem to suffer more during a recession but recover just as fast as the price makers.","PeriodicalId":417925,"journal":{"name":"Proceedings of The 9th international conference on Management , Economics and Humanities","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122864731","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Impact of Globalization on Manufacturing Output in Nigeria","authors":"Osman Nuri Aras, A. Odebode","doi":"10.33422/9th.icmeh.2019.09.996","DOIUrl":"https://doi.org/10.33422/9th.icmeh.2019.09.996","url":null,"abstract":"Nigerian government has put in considerable effort at improve bilateral relation in the economy; its net effect is yet unclear. This raises concerns about the tradeoff benefit between trade openness as a proxy to globalization and contributions to the manufacturing output in Nigeria. Using structural vector autoregressive (SVAR) approaches, from 2010Q1 to 2018Q4, the findings reveal that manufacturing output and transportation responded significantly to the foreign shocks emanating from globalization. The study established that the manufacturing output reacted negatively to exchange rate fluctuations, implying that exchange rate is very important to manufacturing sector in Nigeria. On the same vein, transportation, financial integration and globalization respectively were affected positively and significantly by exchange rate fluctuations to manufacturing sector.","PeriodicalId":417925,"journal":{"name":"Proceedings of The 9th international conference on Management , Economics and Humanities","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130380895","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}