Journal of Economics Bibliography
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The Malayan Currency Board, 1938-1967
Get PDFAbstract. This essay examines the Malayan Currency Board from its formation in 1938 to its dissolution in 1967. It analyzes the orthodoxy of the board using high-frequency data, such as monthly statistics of currency notes in circulation. Accompanying the essay is a spreadsheet workbook which presents high-frequency data of the board in digital format for the first time, as well as balance sheets and other financial statements.Keywords. Brunei; Malaya; Malaysia; North borneo; Sarawak; Straits settlements; Singapore; Currency board.JEL. E59; N25; N26
Engaging communication and adherence to blood donation. An experiment on the impact of the preparatory act on the manifestation of retroactive behavioral intention in Cameroonian context
Get PDFAbstract. The derailment of the train linking Yaoundé to Douala on October 21, 2016 gave special emotional resonance to the need for blood donation. The high number of victims and the horror of experiencing the loss of a life due to lack of blood has accentuated this issue. The daily calls for blood donations in hospitals, however, do not enjoy the same empathy. As a result, equally moving tragedies unfortunately occur in complete anonymity. The aim of this project is to set up a communication protocol to encourage young adults in our high schools, colleges and universities to give blood. Engaging communication, combined with two types of preparatory acts, is our conceptual basis for addressing this problem. As a result, behavioral induction, employing both narrative and argumentative preparatory acts, leads to the manifestation of the intention to adhere to blood donation in the participants of this study.Keywords. Intra-industry trade; Imperfect competition; Classical theories of trade.JEL. F11; F12; F13
An economic analysis of the Bahamas Currency
Get PDFAbstract. This paper seeks to answer whether the replacement of the Bahamas currency board by a central bank was a rational decision given the subsequent economic performance climate of the central bank and the Bahamian economy. The paper describes the currency board’s establishment; its switch from the pound sterling to the U.S. dollar as the anchor currency; and its replacement by a proto-central bank soon succeeded by the Central Bank of the Bahamas, which continues in existence today. Statements of the currency board from the Bahamas Gazette as well as other sources will help analyze the aforementioned periods and illustrate the effects each transition had on the economy. The paper will examine the later years of the currency board and test whether it behaved in an orthodox or unorthodox manner as well as exploring its relation to government finance.Keywords. Bahamas; Currency board.JEL. E59; N16; N26
The ill-fated currency board proposal for Indonesia
Get PDFAbstract. In February 1998 Indonesia toyed briefly with the idea of introducing a currency board system as a means of extricating itself from the Asian financial crisis. Although the then president Soeharto announced his government’s intention to implement such a system, international and domestic opposition was so vociferous that he aborted the plan. In my view this opposition was ill-informed. Moreover, it was motivated, to a considerable extent, by a desire to use the crisis to force a president widely disliked among the urban intelligentsia to discontinue some of his favoured economic policies—if not to bring about an end to his presidency—rather than giving top priority to dealing with the crisis itself. The nature of the crisis as it played out in Indonesia remains poorly understood, such that an analysis of the currency board proposal provides an opportunity to correct some misunderstandings and dispel some of the myths about this major episode in Indonesia’s modern history. In this paper I argue that in fact Soeharto’s embrace of the proposal was sensible, and that it was motivated by the desire to restore macroeconomic stability—which would have been not only to his own benefit but also that of Indonesia’s citizens.Keywords. Currency board; Proposal; Indonesia.JEL. F11; F12; F13
Intra-industry trade: Revisiting theory and literature survey
Get PDFAbstract. Early references to intra-industry trade were mostly ignored for many years. It was only in the past two decades that intra-industry trade has received significant attention and has become a leading area for international economists. It has become increasingly common in recent decades due to the growth of international trade, globalization, and the integration of economies. Intra-industry trade can benefit countries by allowing them to specialize in their areas of comparative advantage and to access a wider range of products and services at lower prices. However, it can also pose challenges for some industries and workers who may face increased competition from foreign producers. The purpose of this paper is to review the extensive literature on intra-industry trade, assess the accomplishments of researchers in this area and predict future research directions. The paper evaluates intra-industry trade as a research program and assesses whether it can continue to advance in the future. To organize the paper, the authors evaluate current perspectives in four distinct areas: theory, measurement, empirical evidence, and policy aspects.Keywords. Intra-industry trade; Imperfect competition; Classical theories of trade.JEL. F11; F12; F13
Disruptive innovations in quantum technologies for social change
Get PDFAbstract. The purpose of this study is the technological analysis of trajectories in quantum technologies to clarify new directions of disruptive innovations that can generate economic and social change. Patent analysis and models of time series are applied to assess the growth of quantum technologies. Findings reveals that path-breaking innovations in quantum technologies are driven by quantum information, quantum communication, quantum optics and semiconductor quantum dots. This study can explain new directions in quantum technologies to support decisions of R&D investments towards growing technological trajectories generating having a high potential impact in markets and main benefic effects in socioeconomic systems.Keywords. Quantum technologies; Radical innovations; Disruptive innovations; Technological trajectories; Technological change; Social change.JEL. G2, G10, F21, F68, O53, K23
Strategies to prevent pandemics similar to Covid-19
Get PDFStrategies to prevent pandemics can be based on manifold policy responses, not limited to health system. This study shows main aspects of different policy responses based on lessons learned from COVID-19 to constrain the emergence of novel viral agents and the diffusion of other similar infectious diseases in society.Keywords. COVID-19, Fatality rates, Health strategy, Air pollution, Sustainability, Crisis management, Policy response, Testing, Country monitoring, Pandemic response, Preventing transmission, Preparedness.JEL. G2, G10, F21, F68, O53, K23
Forecasting stock prices in the New York stock exchange
Get PDFAbstract. Stock price prediction is one of the most relevant aspects in a stock market and world economies. Price is an important variable of concern in a sector where market and economic conditions vary over time. Efficient methods are needed to describe the trends and characteristics of stock prices. The performance of different time series models for analysis of stock prices is provided to determine the feasibility of techniques for the generation of results in the wake of economic decisions. Historical time series of monthly average price of stocks for Callon, Chesapeake, General Electric and Encana in the oil and gas sector of the New York Stock Exchange were analysed for the period 2012-2019. It was discovered that the New York Stock Exchange follows a random walk. A random walk implies uncertainty. Uncertainty implies high risk. Risk is directly related to profit. The fitted autoregressive integrated moving averages model used for forecasting shows that the predicted average stock price for the period 2021-2024 for Callon, Chesapeake, General Electric and Encana may reach United States Dollars 12.14, United States Dollars 7.34, United States Dollars 21.69 and United States Dollars 23.90, respectively. Therefore, cautious trading in the New York Stock Exchange was recommended for high profits to be achieved.Keywords. Convergence; Integration; Modelling; Stationarity; Variation.JEL. C5, C22, C32, E27, E32