1,720,984 research outputs found
Controversial curves of the economy: an up-to-date investigation of long-waves
No full textThe question of the validity of the “so called” Kondratieff’s theory of long waves has been a well-known controversial issue among historians, economic, social and political science scholars. In this work, the author analyses its consistency and cycles general framework investigating both original Kondratieff’s data (never processed by harmonic analysis in their whole dataset) and the latest and longest available economic time-series. Fixing the boundaries of statistical analysis, hence, the main purpose is to furnish an up-to-date empirical contribution in exploring the conceptual cycles hypothesis by recur¬ring to dedicated quantitative techniques applied to strictly economic datasets
International Journal of Business and Systems Research
No full textWith the business environment becoming global, complex and rapidly changing, organisations and companies will need new business models, strategies, and systems to compete effectively and efficiently in their respective field. IJBSR is a refereed, multidisciplinary journal for bridging the latest advances in business and systems research. It provides an international forum for presenting authoritative references, academically rigorous research, and case studies. It publishes well-written and academically validated manuscripts in both theoretical development and application research
International Journal of Revenue Management
No full textIJRM publishes original analytical modelling papers, theory-based empirical papers, review papers, technical reports, case studies and industry-practice papers. Special issues devoted to important topics in revenue management will occasionally be published. Manuscripts submitted will be reviewed rigorously and thoroughly by leading researchers and practitioners in the field
Is this very much a matter of faith? A monetization approach to covid-19
Full text linkCOVID-19 pandemic and resulting global economic contraction will stress all Countries’ fiscal frameworks raising several concerns about real and effective possibilities to deal with all deriving issues. The magnitude of shocks will surely affect the fiscal deficit and public debt in the majority of them. The sustainability and the survival of present worldwide economic system is severely tested. Through the application of the Granger causality methodology, the historical series of monetary aggregates and inflation are analyzed for different countries. The goal of this empirical analysis to support an unconventional approach to the solution of a crisis that has pervaded all nations and economic systems
Money Growth and Inflation: A Wavelet Analysis for a Monetization Approach to COVID 19
Full text linkCovid 19 pandemic will cause a global economic contraction. The magnitude of shocks will impact the fiscal deficit and the public debt in all Countries. This paper provides an insight into the dynamic relationship between money growth and inflation for several Countries. The Morlet wavelet coherence model is employed since it allows the simultaneous examination of lead-lag effects and co-movements between the couple of variables in the different Countries. The overall results do not evidence a clear impact of the money growth on inflation. This outcome has relevant economic policy consequences considering that the monetization of the public debt can sustain the economic recovery. Thus, the pure monetary nature of the inflationary phenomenon can hardly be considered as a constraint in designing the measures to counteract the issue
THE INVESTMENT RATE OF RETURN AT THE END OF THE PERIOD: A FUTURE WORTH APPROACH TO CAPITAL BUDGETING
Full text linkThe Net Present Value (NPV) within the Discounted Cash-Flow (DCF) framework is the preferred theoretical method at the academic level for dealing with capital budgeting problems. However, despite an elegant form and an undeniable technical allure in its Capital Asset Pricing Model (CAPM) version, a large number of situations raise serious concerns about the assumptions that must be made in order to successfully address practical cases. With the aim of obtaining a solution to this issue, the paper develops and proposes a new methodology based on a Future Worth (FW) approach labelled as Investment Rate of Return at the End of the Period (IRREP).
With a couple of real-world cases, we present its effectiveness to contexts where traditional approaches are lacking due to serious theoretical inconsistencie
An Empirical Investigation into the Investment–Saving Relationship Through Granger Non-Causality Panel Tests
Full text linkThe investment–saving relationship has been the subject of much debate. On the one hand,
there is the conventional mainstream neoclassical school of thought that advocates for
the idea that saving determines investment. On the other hand, heterodox economists
(mainly in the post-Keynesian/structuralist tradition) posit an inverse relationship between
these variables. This article empirically investigates the direction of causality in order to
contribute to the existing literature on the topic. To this end, two Granger panel tests are
applied to a dataset of 106 countries over the period from 1980 to 2023. The econometric
techniques used are effective in accounting for both cross-sectional dependence and heterogeneity
in the data. In summary, our findings align with the theoretical models that posit
bidirectional causality as the most probable explanation of the mechanism driving investment
and saving. More specifically, they are consistent with post-Keynesian (demand-led)
assumptions describing an open economy operating below its maximum potential growth
rate within a current account solvency constraint
A Wavelet Investigation of Periodic Long Swings in the Economy: The Original Data of Kondratieff and Some Important Series of GDP per Capita
Full text linkThe existence of fluctuations is part of the narrative, especially when there is a slowdown (or worse, a contraction) in economic activity. The presence of long waves with a period of about 50 years as proposed by Kondratieff is one of the most controversial and fascinating theories about economic cycles. This paper analyses both the original Kondratieff data (from which the hypothesis started) and a dataset that includes GDP per capita for several significant countries. By applying the wavelet analysis (WA), the main objective of the paper is to understand whether it is plausible to support the existence of periodic fluctuations consistent with long cycles theory. The outcomes for Kondratieff’s original dataset do not show the presence of a coherent periodicity for most cases. The same conclusion can be drawn for all the GDP per capita series
Corporate Social Responsibility performance assessment by using a linear combination of key indicators
No full textThe progressive commitment towards a more sustainable model of
current civil/economic societies has come to prominence, both in industrialised
and developing countries. This paradigm encounters widespread acceptance
encompassing the forms of external communication and the evaluation of
specific business performances not just related to merely economic/financial
information. As a consequence, several dedicated efforts have been made to
communicate such a different awareness. Starting from these premises,
the paper proposes a method to calculate the Global Corporate Social
Responsibility Rate (GCSRR) of a company based on a linear combination
of financial statement figures, environmental data and social values indicators.
To present a synthetic comparative evaluation model and without any
pretension to be exhaustive, some explanatory calculations are reported as an
illustrative application of the method
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