{"title":"To Dip or Not to Dip? A Comment on Kyer and Maggs (2019)","authors":"David W. Findlay","doi":"10.1007/s11294-024-09889-y","DOIUrl":"https://doi.org/10.1007/s11294-024-09889-y","url":null,"abstract":"<p>In a 2019 article published in this journal, Kyer and Maggs examined the frequency and characteristics of double-dip recessions and multi-dip recessions for 21 countries during the 1960:1 to 2014:4 period. A review of Kyer and Maggs generated a number of questions about a particular feature of their business cycle dating methodology. Specifically, they determined that a recession ends once real gross domestic product returns to or exceeds the previous peak level of real gross domestic product. To demonstrate the impact this nontraditional feature of their methodology has on their results and conclusions, this paper repeats their analysis where, in contrast to Kyer and Maggs, it is assumed that a recession ends once the economy reaches the trough quarter in a business cycle. The application of this more traditional feature of business cycle dating methodology to the same countries and sample period yields results that do not support their conclusions about either the frequency of double-dip recessions or the number of countries in their sample that experienced multi-dip recessions. This paper first shows that double-dip recessions represent just 7.2% of all recessions and, therefore, are not as common as Kyer and Maggs reported. Second, only five of the 21 countries experienced recessions with two or more additional dips in economic activity over the entire sample period. Finally, only six countries experienced a multi-dip recession during the Great Recession.</p>","PeriodicalId":45656,"journal":{"name":"International Advances in Economic Research","volume":"20 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2024-02-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139768823","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":"China’s Belt and Road Initiative and Life Expectancy in Host Countries: Empirical Analysis","authors":"Hak Yeung, Jürgen Huber","doi":"10.1007/s11294-023-09884-9","DOIUrl":"https://doi.org/10.1007/s11294-023-09884-9","url":null,"abstract":"","PeriodicalId":45656,"journal":{"name":"International Advances in Economic Research","volume":" 411","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138960541","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":"A Pull–Push Theory of Industrial Revolutions","authors":"Bernard C. Beaudreau","doi":"10.1007/s11294-023-09883-w","DOIUrl":"https://doi.org/10.1007/s11294-023-09883-w","url":null,"abstract":"<p>This paper presents a pull–push theory of industrial revolutions. Generalizing from the first industrial revolution in England and the second industrial revolution in the United States, it points to the presence of three necessary conditions, namely (<i>i</i>) the existence of a trigger event which creates (<i>ii</i>) new market opportunities (pull) as well as (<i>iii</i>) new process technologies (push). The result is a novel approach to the underlying cause(s) of industrial revolutions, one that is consistent with both material and non-material views in the literature, as well as with demand-shock and supply-shock views. Furthermore, it is consistent with previous accounts of the 19<sup>th</sup>-century rise of managerial capitalism. Lastly, it provides a set of necessary conditions for what constitutes an industrial revolution.</p>","PeriodicalId":45656,"journal":{"name":"International Advances in Economic Research","volume":"257 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138575271","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}
Alfredo M. Leone, Jorge I. Canales Kriljenko, Rodolfo Maino
{"title":"The Long and Widening Gap: Analyzing Structural Breaks in Argentina’s Economic Decline","authors":"Alfredo M. Leone, Jorge I. Canales Kriljenko, Rodolfo Maino","doi":"10.1007/s11294-023-09882-x","DOIUrl":"https://doi.org/10.1007/s11294-023-09882-x","url":null,"abstract":"","PeriodicalId":45656,"journal":{"name":"International Advances in Economic Research","volume":"9 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138979444","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":"Product Sustainability and Consumer Environmental Awareness in Differentiated Markets","authors":"Hamid Hamoudi, Carmen Avilés-Palacios","doi":"10.1007/s11294-023-09881-y","DOIUrl":"https://doi.org/10.1007/s11294-023-09881-y","url":null,"abstract":"<p>Sustainable management of natural stock resources can be promoted through state intervention. This study investigates optimal regulatory strategies to mitigate the negative environmental effects of human activities within a duopolistic, differentiated linear market à la Hotelling framework. The analysis is conducted from both a business and a social perspective, aiming to elucidate the role of regulatory interventions, awareness campaigns, and sustainable production characteristics in shaping firm behavior and market outcomes. Under the business perspective, a game-theoretical approach is employed, involving the regulator and two competing firms. The equilibrium in prices and production characteristics is derived, revealing how firms respond to sustainable characteristics and awareness campaigns. In the social perspective, where the regulator has complete control, optimal strategies are determined to maximize social welfare, resulting in reduced differentiation and enhanced sustainability. This study identifies the optimal level of awareness campaign and sustainable characteristic proposed by the regulator. The findings highlight the significance of coordinated regulatory policies and awareness campaigns to induce firms toward more sustainable practices, ultimately contributing to a more ecologically balanced market. The study offers insights for policymakers and practitioners seeking effective strategies to address environmental concerns in differentiated markets, thereby promoting sustainable economic growth and reducing ecological impacts.</p>","PeriodicalId":45656,"journal":{"name":"International Advances in Economic Research","volume":"1 1","pages":""},"PeriodicalIF":1.2,"publicationDate":"2023-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138548370","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":"Does Social Accountability Motivate Commitment Behavior Among College Students?","authors":"Amanda J. Felkey, Eva Dziadula, Eric P. Chiang","doi":"10.1007/s11294-023-09878-7","DOIUrl":"https://doi.org/10.1007/s11294-023-09878-7","url":null,"abstract":"","PeriodicalId":45656,"journal":{"name":"International Advances in Economic Research","volume":" 9","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135244191","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":"Competition and Stability in the European Union Banking Sector","authors":"Cândida Ferreira","doi":"10.1007/s11294-023-09880-z","DOIUrl":"https://doi.org/10.1007/s11294-023-09880-z","url":null,"abstract":"Abstract This paper empirically tests the two competing hypotheses regarding the relationship between competition and stability: the competition-fragility hypothesis and the competition-stability hypothesis. The banking sector stability is proxied with the estimated Z-score, which provides a measure of overall bank stability. Two different measures are used to represent bank competition: the Herfindahl–Hirschman Index (a specific measure of market concentration) and the Boone indicator (which measures competition from an efficiency perspective). Using data from the Moody’s Analytics BankFocus database and the World Bank Global Financial Development database, the paper applies panel estimations to a relatively large panel, including 784 relevant banks from all 27 European Union countries, between 2006 and 2021. The main findings overall confirm the validity of the competition-fragility hypothesis. Moreover, the results obtained for two specific European Union countries, Germany and France, highlight some specific differences, particularly regarding the effects of bank market concentration and the responses to the crises that affected the European Union banking institutions over the considered period. The findings of this paper reinforce the relevance of the policy maker’s role and indicate, for example, that bank market competition in the European Union is probably already sufficiently high and should not be reinforced, as overall, the increase in bank competition seems detrimental to the stability of European Union banking institutions.","PeriodicalId":45656,"journal":{"name":"International Advances in Economic Research","volume":"6 8","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135390902","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":"Equity Home Bias in Emerging and Advanced Economies: Trend Before and During COVID-19","authors":"R. Balasubramanian, Brajesh Kumar","doi":"10.1007/s11294-023-09879-6","DOIUrl":"https://doi.org/10.1007/s11294-023-09879-6","url":null,"abstract":"","PeriodicalId":45656,"journal":{"name":"International Advances in Economic Research","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135636935","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}
Fazley K. Siddiq, Halyna Klymentieva, Taylor J. C. Lee
{"title":"Applying the Lorenz Curve and Gini Coefficient to Measure the Population Distribution","authors":"Fazley K. Siddiq, Halyna Klymentieva, Taylor J. C. Lee","doi":"10.1007/s11294-023-09874-x","DOIUrl":"https://doi.org/10.1007/s11294-023-09874-x","url":null,"abstract":"","PeriodicalId":45656,"journal":{"name":"International Advances in Economic Research","volume":"29 1","pages":"177 - 192"},"PeriodicalIF":1.2,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49274681","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":"Modeling the Impact of Public Infrastructure investments in the U.S.: A CGE Analysis","authors":"David Suárez-Cuesta, M. Latorre","doi":"10.1007/s11294-023-09875-w","DOIUrl":"https://doi.org/10.1007/s11294-023-09875-w","url":null,"abstract":"","PeriodicalId":45656,"journal":{"name":"International Advances in Economic Research","volume":"29 1","pages":"165 - 176"},"PeriodicalIF":1.2,"publicationDate":"2023-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45651949","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}