scholarly journals The Vanishing Procyclicality of Labour Productivity

2020 ◽  
Author(s):  
Jordi Galí ◽  
Thijs van Rens
Keyword(s):  
Simple Model ◽  
Business Cycle ◽  
Labour Productivity ◽  
Relative Volatility ◽  
Macroeconomic Dynamics ◽  
Post War ◽  
Business Cycle Dynamics

Abstract We document two changes in post-war US macroeconomic dynamics: the procyclicality of labour productivity vanished, and the relative volatility of employment rose. We propose an explanation for these changes that is based on reduced hiring frictions due to improvements in information about the quality of job matches and the resulting decline in turnover. We develop a simple model with hiring frictions and variable effort to illustrate the mechanisms underlying our explanation. We show that our model qualitatively and quantitatively matches the observed changes in business cycle dynamics.

Government Spending in a Simple Model of Real Business Cycle

2004 ◽  
Author(s):  
Vladimir Kühl Teles ◽  
Fernando Antônio Ribeiro Soares
Keyword(s):  
Simple Model ◽  
Business Cycle ◽  
Government Spending ◽  
Real Business Cycle

Education and Anti-Immigration Attitudes: Evidence from Compulsory Schooling Reforms across Western Europe

2018 ◽  
Vol 113 (1) ◽  
pp. 254-263 ◽  
Author(s):  
CHARLOTTE CAVAILLE ◽  
JOHN MARSHALL
Keyword(s):  
Secondary School ◽  
Western Europe ◽  
Future Research ◽  
Compulsory Schooling ◽  
Far Right ◽  
Secondary Schooling ◽  
Low Levels ◽  
Immigration Attitudes ◽  
Post War

Low levels of education are a powerful predictor of anti-immigration sentiment. However, there is little consensus on the interpretation of this correlation: is it causal or is it an artifact of selection bias? We address this question by exploiting six major compulsory schooling reforms in five Western European countries—Denmark, France, Great Britain, the Netherlands, and Sweden—that have recently experienced politically influential anti-immigration movements. On average, we find that compelling students to remain in secondary school for at least an additional year decreases anti-immigration attitudes later in life. Instrumental variable estimates demonstrate that, among such compliers, an additional year of secondary schooling substantially reduces the probability of opposing immigration, believing that immigration erodes a country’s quality of life, and feeling close to far-right anti-immigration parties. These results suggest that rising post-war educational attainment has mitigated the rise of anti-immigration movements. We discuss the mechanisms and implications for future research examining anti-immigration sentiment.

scholarly journals Powojenny dorobek polskiej nauki w zakresie historii i teorii bibliotekoznawstwa

2017 ◽  
Vol 60 ◽  
pp. 71-95
Author(s):  
Anna Tokarska
Keyword(s):  
Academic Discipline ◽  
Library Science ◽  
Academic Training ◽  
University Level ◽  
Science Concepts ◽  
Post War ◽  
History And Theory

THE POST-WAR ACHIEVEMENTS OF POLISH SCHOLARSHIP IN THE HISTORY AND THEORY OF LIBRARY SCIENCEThe author of the paper explores the development of the concept of Polish post-war library science as an academic discipline and demonstrates the wealth of achievement in librarianship studies. Theoretical reflections and the on-going discussion about the scope of library science provide a background for a presentation of practical solutions applied in the work of libraries. The author presents library science concepts as well as authors of important publications contributing to the development of the discipline, practical librarian tasks and academic training of librarians. In addition, she analyses librarianship achievements with regard to characteristic, statutory tasks and functions of libraries as well as typology, showing their significance to librarianship practice in Poland and to the quality of academic training of librarians. There is also a brief description of the profile of the librarianship curriculum at the leading university-level institutions providing education to librarians.

scholarly journals Forecasting Macedonian Business Cycle Turning Points Using Qual Var Model

2016 ◽  
Vol 5 (3) ◽  
pp. 61-78
Author(s):  
Magdalena Petrovska ◽  
Aneta Krstevska ◽  
Nikola Naumovski
Keyword(s):  
Business Cycle ◽  
Predictive Power ◽  
Turning Points ◽  
Probit Model ◽  
Economic Conditions ◽  
Var Model ◽  
Leading Indicators ◽  
Out Of Sample ◽  
The Business Cycle

Abstract This paper aims at assessing the usefulness of leading indicators in business cycle research and forecast. Initially we test the predictive power of the economic sentiment indicator (ESI) within a static probit model as a leading indicator, commonly perceived to be able to provide a reliable summary of the current economic conditions. We further proceed analyzing how well an extended set of indicators performs in forecasting turning points of the Macedonian business cycle by employing the Qual VAR approach of Dueker (2005). In continuation, we evaluate the quality of the selected indicators in pseudo-out-of-sample context. The results show that the use of survey-based indicators as a complement to macroeconomic data work satisfactory well in capturing the business cycle developments in Macedonia.

scholarly journals Political and ideological normalization: quality of government, mainstream-right ideological positions and extreme-right support

2021 ◽  
pp. 1-18
Author(s):  
Christos Vrakopoulos
Keyword(s):  
Extreme Right ◽  
Far Right ◽  
Electoral Success ◽  
Electoral Support ◽  
Radical Right Parties ◽  
Post War ◽  
Democratic Parties ◽  
Party Family ◽  
Extreme Right Parties

Abstract This article aims to explain the variation in the electoral support for extreme-right parties (ERPs) in Europe. The extant literature on the far-right party family does not answer this question specifically with regard to the extreme-right variants for two main reasons. Firstly, theories did not expect the electoral success of these parties in post-war Europe due to their anti-democratic profiles and association with fascism. Secondly, despite the fact that they acknowledge the differences between the parties under the far-right umbrella – namely, the extreme and the radical – they normally do not take these differences into account, and if so, they focus on the radical-right parties. This article shows that electoral support for ERPs is associated with low quality of government and highly conservative mainstream-right parties. The former creates political legitimization for anti-democratic parties and the latter ideological normalization of extreme right.

Pandemic Shock: Methodological Explanation and New Public Contract

2021 ◽  
Vol 96 (3) ◽  
pp. 45-52
Author(s):  
I. V. Zikunova ◽  
Keyword(s):  
Business Cycle ◽  
Supply And Demand ◽  
State Regulation ◽  
Business Cycle Theory ◽  
Business Operations ◽  
New Public ◽  
Socio Economic Development ◽  
The Business Cycle ◽  
Post Industrial

The pandemic shock manifested itself as a new phenomenon in the socio-economic dynamics, and thus necessitated a special reflection in the framework of the business cycle theory. In this study we present the results of theoretical positioning of a pandemic shock using the methodology of business cycle theory, in particular, using the principles of the impulse approach. To formulate conclusions, empirical data were used on the processes observed in 2020 in Russia, in the subsystems of supply and demand, in the system of state regulation. The conclusions obtained by the author can be used as sources for the formation of applied scientific problems for the continuation of research within the framework of the theory of business cycle at the post-industrial stage of socio-economic development. These conclusions include a statement of changes in the organization of labor and business operations, changes in the balance of mutual obligations of the parties to a social contract, conclusions about the emergence of new factors in the quality of human development.

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