scholarly journals Economic Change and Occultic Sika Bone: Market Women’s Responses to Increased Financialization in Ghana

2021 ◽  
pp. 1-21
Author(s):  
Jovia Salifu
Keyword(s):  
Economic Change ◽  
Economic Uncertainty ◽  
Market Women ◽  
The Impact

Abstract Set in a context where material accumulation is valorized, this article analyzes narratives of sika bone (bad money) as expressions of economic uncertainty by market women operating in an era of increased financialization. The ethnographic evidence supports previous arguments about the impact of economic change in this millennium, a change that fosters both rationality and superstition in equal measure. Salifu proposes that sika bone indicates a sense of uncertainty fostered by economic change in the supply of cash and formal credit, a sentiment that is expressed by applying old notions about occultic means of accumulation to new and equally enigmatic circumstances.

Assessing the impact of Covid-19 pandemic in Turkey with a novel economic uncertainty index

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Erhan Mugaloglu ◽  
Ali Yavuz Polat ◽  
Hasan Tekin ◽  
Edanur Kılıç
Keyword(s):  
Industrial Production ◽  
Explanatory Power ◽  
Principal Component ◽  
Intermediate Goods ◽  
Economic Uncertainty ◽  
Content Type ◽  
Uncertainty Shocks ◽  
Political Events ◽  
Uncertainty Index ◽  
The Impact

PurposeThis study aims to measure economic uncertainty in Turkey by a novel economic uncertainty index (EUI) employing principal component analysis (PCA). We assess the impact of Covid-19 pandemic in Turkey with our constructed uncertainty index.Design/methodology/approachIn order to obtain the EUI, this study employs a dimension reduction method of PCA using 14 macroeconomic indicators that spans from January 2011 to July 2020. The first principal component is picked as a proxy for the economic uncertainty in Turkey which explains 52% of total variation in entire sample. In the second part of our analysis, with our constructed EUI we conduct a structural vector autoregressions (SVAR) analysis simulating the Covid-19-induced uncertainty shock to the real economy.FindingsOur EUI sensitively detects important economic/political events in Turkey as well as Covid-19-induced uncertainty rising to extremely high levels during the outbreak. Our SVAR results imply a significant decline in economic activity and in the sub-indices as well. Namely, industrial production drops immediately by 8.2% and cumulative loss over 8 months will be 15% on average. The losses in the capital and intermediate goods are estimated to be 18 and 25% respectively. Forecast error variance decomposition results imply that uncertainty shocks preserve its explanatory power in the long run, and intermediate goods production is more vulnerable to uncertainty shocks than overall industrial production and capital goods production.Practical implicationsThe results indicate that monetary and fiscal policy should aim to decrease uncertainty during Covid-19. Moreover, since investment expenditures are affected severely during the outbreak, policymakers should impose investment subsidies.Originality/valueThis is the first study constructing a novel EUI which sensitively captures the critical economic/political events in Turkey. Moreover, we assess the impact of Covid-19-driven uncertainty on Turkish Economy with a SVAR model.

The Impact of US Monetary Growth on Bitcoin Trading Volume in the Current Economic Uncertainty

2020 ◽  
pp. 493-509
Author(s):  
İsmail Canöz
Keyword(s):  
Causal Relationship ◽  
Trading Volume ◽  
Causal Effect ◽  
Study Data ◽  
Time Interval ◽  
Time Varying ◽  
Economic Uncertainty ◽  
Causality Test ◽  
Data Set ◽  
The Impact

This study examines the effect of US monetary growth on Bitcoin trading volume. To achieve this purpose, firstly, the symmetric causality test is used. Following this test, another symmetric causality test is used to reveal a time-varying causal effect between variables. The data set covers the period from July 2010 to July 2019. The results of the first symmetric causality test, which considers the time interval of the study data as a whole, show that there is no causal relationship between variables. According to the results of the second causality test, these support the previous results substantially. However, an interesting detail is the causal relationship between variables for the period between April 2019 and July 2019. The reason for this relationship could be that investors who are indecisive during the current economic uncertainty add Bitcoin to their portfolios in response to the Federal Reserve's decisions.

Economic Conditions Cue Evolutionary Challenges

2018 ◽  
Author(s):  
Jeff Gassen ◽  
Sarah E Hill
Keyword(s):  
Behavioral Responses ◽  
Resource Scarcity ◽  
Economic Conditions ◽  
Economic Uncertainty ◽  
Influence Strategies ◽  
Economic Markets ◽  
Evolutionary Context ◽  
Survival And Reproduction ◽  
Adult Exposure ◽  
The Impact

Changes in economic markets play an important role in cuing developmental programs, cognitions, and social behaviors that would have helped promote survival and reproductive success during times of resource scarcity. This chapter provides an overview of recent research using an evolutionary approach to examine how people think, feel, and behave in conditions of resource scarcity. It starts by talking about research on the effects of early life scarcity on adult outcomes. Next, the chapter presents research related to the impact of adult exposure to resource scarcity on intergroup cognition and political attitudes. Finally, it discusses how changes in economic markets influence strategies for mating and parenting. Together, this research suggests that—although many of the psychological and behavioral responses to economic uncertainty seem irrational—when situating these outcomes in the appropriate evolutionary context, they reflect processes that would have helped promote survival and reproduction during times of resource scarcity.

scholarly journals Background Indicators

Econometrics ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 20
Author(s):  
Burkhard Raunig
Keyword(s):  
Instrumental Variable ◽  
Latent Variable ◽  
Structural Model ◽  
Simulation Experiment ◽  
Random Noise ◽  
Empirical Work ◽  
Causal Effects ◽  
Economic Uncertainty ◽  
Aggregate Consumption ◽  
The Impact

It is customary to assume that an indicator of a latent variable is driven by the latent variable and some random noise. In contrast, a background indicator is also systematically influenced by variables outside the structural model of interest. Background indicators deserve attention because in empirical work they are difficult to distinguish from ordinary effect indicators. This paper assesses instrumental variable (IV) estimation of the effect of a latent variable in a linear model when a background indicator replaces the latent variable. It turns out that IV estimates are inconsistent in many important cases. In some cases, the estimates capture causal effects of the indicator rather than causal effects of the latent variable. A simulation experiment that considers the impact of economic uncertainty on aggregate consumption illustrates some of the results.

scholarly journals Formation of the EU Development Index

2013 ◽  
Vol 28 (1) ◽  
pp. 29-37
Author(s):  
Vladislavs Vesperis
Keyword(s):  
Human Development ◽  
Economic Crisis ◽  
Human Development Index ◽  
Economic Change ◽  
Financial Economic ◽  
Member States ◽  
Development Index ◽  
Eu Member States ◽  
The Impact ◽  
The Eu

Abstract In the context of the global financial-economic crisis it becomes important to find a stronger base for assessment of the socio-economic development and, in particular, search for better indicators. Therefore, the hypothesis is set that it is necessary to develop the EU Development Index, which will provide better assessment of an on-going socio-economic change. The objective of the article is to describe the EU Development Index calculation results and compare them with the Human Development Index values for each Member state of the EU. Ranking list of the EU Member States according to the Human Development Index values did not change substantially, suggesting that the Human Development Index inadequately responds to key socioenvironmental changes that occurred during the global financial economic crisis. At the same time, a number of countries show a sharp decline of the EU development index values, reflecting the impact of global economic crisis, while some countries with a high level of public debt and low confidence of the financial markets have remained in their positions by the both indexes in the year 2009. However, these countries most probably will be forced to make the considerable fiscal discipline measures, which inevitably will have an impact on GDP and income indicators in these countries, therefore their rankings in the coming years will deteriorate. Completely impartial assessment will be possible when countries with high debt levels will have balanced their budgets and economic growth will be based mostly on their own income and production instead of external cash flows and investment entering the country. It can be concluded that EU Development Index allows, in a more equitable fashion, to assess disparities of the EU Member States by development level and more rapidly reflect the rapid socio-economic change.

State of the Union: An Assessment of Union Strategies

1991 ◽  
Vol 2 (2) ◽  
pp. 1-24 ◽  
Author(s):  
R. Lambert
Keyword(s):  
Capital Mobility ◽  
Economic Change ◽  
Global Markets ◽  
Union Power ◽  
Power Struggles ◽  
Union Movement ◽  
State Of The Union ◽  
High Degree ◽  
The Impact ◽  
Organizational Problems

Accelerating global economic change reflected in the high degree of capital mobility and integrated global markets has intensified investment competition between states. The union movement reacted through a commitment to strategic unionism and award restructuring. However, the impact of the latter has been limited by the occupationally divided structure of Australian unions. The paper analyses attempts to change this structure through union amalgamations and considers the impact inter-union power struggles, shaped by factional alignments, have had on the process. The paper assesses the organizational problems of conglomerate unionism and evaluates possible counters to likely tendencies.

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