Journal of Economics Bibliography
Not a member yet
217 research outputs found
Sort by
Influencers on economic issues in Latin America, Spain and the United States
Get PDFAbstract. The technological progress in our modern societies has witnessed the emergence of persons who deploy different means of communication across social networks, seeking to generate an impact among their audiences. These efforts in social media communications attempt to alter consumption preferences and patterns, political choices, as well as reinforce or modify opinions of all sorts and stripes. Individuals who attain greater relevance due to effects they trigger on third parties are characterized as influencers, and one of their preferred means of communication are online platforms or social media. Among them, Twitter stands out as the most conducive space for debates on ideas, political parties, or public policies. This social media platform is a microblogging service that allows a person to send short messages (up to 280 characters) that are displayed on a user’s individual page, and that are replicated on their followers’ pages. In this paper, we aim to identify the most important influencers in Latin America, the United States and Spain, who use this social media network to debate issues primarily related to economics and economic policy. On this subject, there is a very strong discussion about the role that the government should play in economic life, the pros and cons of greater regulation, the problem of income distribution, the impact of inflation, and the nature of free markets and capitalism. We will first describe the methodology we employed, in order to then proceed to illustrate a ranking of the ten most relevant influencers, in terms of number of followers, from Argentina, Brazil, Colombia, Chile, Mexico, Spain, and the United States. We then explore their profiles and present an analysis of the economic issues debated on the relevant Twitter accounts on a per country basis. Finally, based on this analysis, we present a hypothesis on the positioning of influencers in economic matters.Keywords. Technological progress, Social media communications, Influencers, Economists.JEL. A10
The Greek letters: Scenario analysis with a reverse butterfly spread
Get PDFAbstract. The management of risk is the goal of a financial institution that sells an option to a client in the over-the-counter markets. In addition to monitoring risks such as Delta(), Gamma () and Vega(v), option traders often also carry out, a scenario analysis. The analysis involves calculating the gain or loss on their portfolio over a specified period under a variety of different scenarios. The time period chosen is likely to depend on the liquidity of the instrument. The scenarios can either be chose by management or generated by a model.Keywords. Financial institutions, Scenario analysis, Risk management, Portfolio management, Reverse butterfly spread.JEL. G2, G10, G11, G13, G17, H2
Unpacking competitiveness of agricultural farms in Bulgaria
Get PDFAbstract. Despite its importance and continouing debates, there is still no consensus on what is the competitiveness of farms, how to measure the competitiveness of different organizations in agriculture, what is the absolute and comparative competitiveness of different types of farms, which are the critical factors for increasing the competitiveness at the current stage of development, etc. This study tries to fill the existing gap by applying a holistic approach and assessing the competitiveness of Bulgarian farms as a whole and with different specializations. The multi-criteria assessment found that the level of competitiveness of farms in the country is at a good level, with low adaptive potential and economic efficiency to the greatest extent contributing to lower competitiveness. More than a third of all agricultural holdings have a low level of competitiveness. The most competitive are the farms specialised in the beekeeping, followed by field crops, mixed animal husbandry and mixed crops production, and the lowest for farms in grazing livestock. Most significant factors for increasing the competitiveness of Bulgarian farms are market conditions (supply and demand, prices, competition), direct government subsidies, access to knowledge, advice and counseling, participation in government support programs, available information , financial opportunities, and opportunities for benefits in the near future.Proposed approach should be improved and applied more widely and periodically, increasing accuracy and representativeness. The latter requires close cooperation with producer organizations, advisory service and other stakeholders, and improvement of the agricultural information collection system in the country.Keywords. Competitiveness, Agricultural holdings, Specialsiation, Bulgaria.JEL. Q12, Q13, Q15, Q18
New underlying trends in China’s cross-border investments
Get PDFAbstract. As global macroeconomic uncertainties grow, there are notable shifts and oscillations in Chinese outbound investment and cross-border investment flows. This study shows China’s key investment characteristics including geographical preferences, investment compositions, and structural changes in industrial and foreign policies, such as Made in China 2025, financial liberalization, and OBOR. While these trends seem contradictory at times, opportunities are available for nimble and creative players who could capitalize on China’s increasing demand in the new economy (“xin jing ji”), with adequate consideration of regulatory scrutinies.Keywords. Cross-border, China, Outbound, Investments, Regulations.JEL. F21, F68, O53, K23
The potential critical success factors of full-fledged interest-free banks in Ethiopia
Get PDFAbstract. The role of interest-free banking (IFB) is vital to enhance the financial inclusion rate of a country like Ethiopia that has a substantial number of Muslims and unbanked population. Although IFB windows have been operating in Ethiopia since 2013, the country allowed a full-fledged IFBs recently. Accordingly, two banks have already fulfilled all the requirements and are expected to operate soon while another 2 – 4 banks are under formation. The aim of this paper is, therefore, to assess the potential critical factors that will determine the success or failure of the newly establishing full-fledged IFBs in Ethiopia based on globalexperiences and specific bank cases from more than 14 countries using the concept of Critical Success Factors (CSFs). The outcomes of our analysis indicate three things. First, every country has its unique success and failure factors, thus, benchmarking should consider these factors. Second, based on the current circumstances, the most important CSFs which can determine the fate of the full-fledged IFBs in Ethiopia in the near future will be an adequate legal, regulatory and institutional framework; management skills and capacity; good reputation and image; product innovation and investment alternatives; unconflicting Shariah verdicts and availability of central Shariah supervisory body; and entrepreneurial discipline and ethical values. Third, full-fledged IFBs in Ethiopia will confront severe competition from the existing window banks that has big potential, better experience, and flexible Shariah controls.The study suggests that the government’s regulatory intervention to introduce guidelines and banking regulations specific to the full-fledged IFBs.Keywords. Interest-free bank, Shariah compliance, Critical success factors, Ethiopia.JEL. G21, G41, Z12
Colonial coinage and financial development
Get PDFAbstract. Until the 21st century, Africa remains the only region in the world where there are countries whose currency is derived from the colonial system. Very far from political and geostrategic considerations, the question has always been asked in order to know the effect of this lack of monetary sovereignty on the evolution of economic activity. Therefore, this study investigates the relationship between Colonial coinage and financial development by applying Generalised Method of Moments. The importance of this approach, is to deal with heterogeneity and endogeneity problems. The sample consist of 48 African countries data over 10 years. This study findings are like-minded with those of economic literature around the law, finance and endowment theory. They suggest that in sub-Saharan Africa, the quality of institutions has a very large influence on access to domestic credit. Moreover, the main enclave for the development of the financial system due to colonial coinage is the sluggish stability of the latter colonial coinage in Africa.Keywords. Colonial coinage, Cliometrics, Financial development, Institutions.JEL. E50, G20, K40
Recurrring waves of Covid-19 pandemic with different effects in public healts
Get PDFThis paper analyzes first and second wave of COVID-19 pandemic in one of largest European countries, Italy, to show how the first wave of COVID-19 pandemic had a high negative effect on public health that reduced intensity with the summer season and with containment policies; second wave of the COVID-19 pandemic, from August 2020 onwards, showed increasing confirmed cases but general impact in society seems to be of a lower intensity in society. This study can support best practice of crisis management to cope with future recurring waves of COVID-19 pandemic and similar epidemics.Keywords. Covid-19, Pneumonia, Novel coronavirus, Intensive care units, Evaluation, Public policy, Hospitalization, Healthcare.JEL. C13, C22, C32, D11, D12, E21
