scholarly journals Age, period, and cohort effects on infectious disease mortality in Korea, 1983-2017

2019 ◽  
Vol 29 (Supplement_4) ◽  
Author(s):  
H-S Kim ◽  
S J Eun

Abstract Background Infectious diseases are a leading cause of death worldwide, and constitute a significant burden of disease, even in developed countries including Korea. Although different ages, periods, and cohorts may affect mortality, few studies analyzed the epidemiologic pattern of infectious disease mortality considering these effects. This study aimed to estimate the age-period-cohort effects on infectious disease mortality in Korea. Methods The national death certificate and census mid-year population estimates data from 1983 to 2017 were categorized into 5-year age groups and 5-year periods. Infant deaths were excluded due to incomplete data. Intrinsic estimator regression models were fitted to estimate age-period-cohort effects on infectious disease mortality. Results A J-shaped age effect declined from age 1-4 years (intrinsic estimator coefficient [IEC] 0.68; 95% confidence interval [CI] 0.52, 0.85), the lowest at age 20-24 years (IEC -1.68; 95% CI -1.85, -1.51), and then increased with age. The declining trend of period effects was slowed down in 1998-2002 (after the 1997-1998 Asian economic crisis), and turned to an upward trend from 2008-2012 (after the 2008-2009 global financial crisis). The cohort effect increased from the earliest cohort born before 1905 (IEC -1.17, 95% CI -1.35, -0.98), peaked in the 1941-1945 cohort (IEC 1.20, 95% CI 1.10, 1.29), then plateaued out (IEC ranged from 0.93 to 1.10), and has continued to decline since the 1966-1970 cohort in which rapid economic growth began. Conclusions There were clear age, period, and cohort effects on infectious disease mortality in Korea. Through the period and cohort effects, the economic downturn and upturn might have increased or reduced infectious disease mortality, respectively. Recent upward trend in infectious disease mortality after the 2008-2009 financial crisis suggests a need to strengthen prevention and control of infectious diseases. Key messages It is important to consider age-period-cohort effects in identifying the epidemiologic pattern of infectious disease mortality trend and finding its underlying drivers. Economic cycle might have influenced infectious disease mortality through period and cohort effects.

2009 ◽  
pp. 9-27 ◽  
Author(s):  
A. Kudrin

The article examines the causes of origin and manifestation of the current global financial crisis and the policies adopted in developed countries in 2007—2008 to deal with it. It considers the effects of the financial crisis on Russia’s economy and monetary policy of the Central Bank in the current conditions as well as the main guidelines for the fiscal policy under different energy prices. The measures for fighting the crisis that the Russian government and the Central Bank use to support the real economy are described.


2019 ◽  
Vol 73 (4) ◽  
pp. 311-316 ◽  
Author(s):  
Sanna Huikari ◽  
Jouko Miettunen ◽  
Marko Korhonen

BackgroundExisting research on the relationship between economic recessions and suicides has almost completely concentrated on the most recent global financial crisis (2008). We provide the most comprehensive explanation to date of how different types of economic/financial crises since 1970 have affected suicides in developed countries.MethodsNegative binomial regressions were used to estimate what the suicide rates would have been during and 1 year after each crisis began in 21 Organisation for Economic Co-operation and Development countries from 1970 to 2011 if the suicide rates had followed the pre-crisis trends.ResultsWe found that every economic/financial crisis since 1970, except the European Exchange Rate Mechanism crisis in 1992, led to excess suicides in developed countries. Among males, the excess suicide rate (per 100 000 persons) varied from 1.1 (95% CI 0.7 to 1.5) to 9.5 (7.6 to 11.2) and, among females, from 0 to 2.4 (1.9 to 2.9). For both sexes, suicides increased mostly due to stock market crashes and banking crises. In terms of actual numbers, the post-1969 economic/financial crises caused >60 000 excess suicides in the 21 developed countries. The Asian financial crisis in 1997 was the most damaging crisis when assessed based on excess suicides.ConclusionsEvidence indicates that, when considered in terms of effects on suicide mortality, the most recent global financial crisis is not particularly severe compared with previous global economic/financial crises. The distinct types of crises (ie, banking, currency and inflation crises, and stock market crashes) have different effects on suicide.


Policy Papers ◽  
2011 ◽  
Vol 2011 (8) ◽  
Author(s):  

The dramatic increase in reserves holdings over the past decade has resumed since the global financial crisis, even at an accelerated pace. While the crisis has heightened perceptions of the importance of holding adequate reserves, there is little consensus on what constitutes an adequate level from a precautionary perspective: traditional metrics are narrowly-based and often provide conflicting signals; while newer approaches tend to be hostage to stylized modeling assumptions and calibrations. As a result, assessments tend to rely on comparisons with peers, probably amplifying the upward trend as perceived needs rise in line with actual holdings.


2011 ◽  
Vol 56 (191) ◽  
pp. 143-161 ◽  
Author(s):  
Jelena Kocovic ◽  
Tatjana Rakonjac-Antic ◽  
Marija Jovovic

This article deals with the impact of the global financial crisis on the scale and structure of investment portfolios of insurance companies, with respect to their difference compared to other types of financial institution, which derives from the specific nature of insurance activities. The analysis includes insurance companies? exhibited and expected patterns of behavior as investors in the period before, during, and after the crisis, considering both the markets of economically developed countries and the domestic financial market of Serbia. The direction of insurers? investments in the post-crisis period should be very carefully examined in terms of their future implications for the insurance companies? long-term financial health, and defined in a broader context of managing all risks to which they are exposed, taking into account the interdependence of these risks. Pertinent recommendations in this regard have arisen from research of relevant past experience and current trends, and also from an analysis and comparison of views on this subject presented by a number of authors.


2021 ◽  
Author(s):  
Gul Ghutai ◽  
Sanaullah Ansari

Abstract Global financial crisis is not a new phenomenon. The world has witnessed financial crisis since many centuries. The repetition of global financial crisis reveals that global financial setup is not stable thus, prone to frequent financial crisis. However, zero interest rate policy has been launched by developed countries in order to offset the effects of global financial crisis but to date the issue of financial and monetary instability has not been overcome. Interest rate as the main component of financial setup has adversely affected the permanent solution to global financial crisis. The study is undertaken to analyze the effect of interest rate (riba) in propagation of global financial crisis and to analyze the alternate financial mechanism to prevent global financial and economic crisis on permanent basis. However, the qualitative research methodology is pursued to build a conceptual framework by applying inductive paradigm to address the issue of understanding the rationale behind the prohibition of interest based financial paradigm particularly in regard to Islamic perspective. The expected outcome suggests that man-made laws in order to subside divine laws in financial paradigm have given rise to financial, ethical and economic crisis. Global financial crisis is the outcome of easy access to credit, abundance of loans upon interest, speculation, greed as well as corruptive motives to exploit each other.


2017 ◽  
Vol 9 (7) ◽  
pp. 86
Author(s):  
S. Aydin Yüksel ◽  
Asli Yüksel ◽  
Ümit Erol ◽  
Hakki Öztürk

The aim of this paper is to analyze the impact of the Global Financial Crisis (GFC) on the co-integration relationship between the REIT and stock market indices using a sample of 10 developed countries. The main tool employed for this purpose is the dynamic co-integration approach. The empirical results strongly suggest that the stock and REIT markets were deeply affected by two successive crises. The first crisis was related to the U.S. subprime problems while the second shock emanated from the European insolvency problems. The shocks led to serious structural breaks in the financial data during the 2007-2012 period. As a result of this and the highly variable nature of the co-integration structure during this period, the conventional and static Johansen tests cannot detect the strong co-integration between the REIT and stock markets which were the result of common negative response of both markets to the successive shocks. Dynamic co-integration approach seems to be a more valid tool to capture the dynamics of the co-integration structure after the GFC. The dynamic approach implies that the destruction of diversification benefits between the REIT and stock markets was essentially a shock related outcome which also implies that the diversification potential between these two markets may still be valid in the absence of shocks.


Asian Survey ◽  
2013 ◽  
Vol 53 (5) ◽  
pp. 825-853 ◽  
Author(s):  
Zhenqing Zheng

Taiwan’s economic downturn and wealth gap, under the impact of the 2008 global financial crisis, spurred livelihood/redistributive questions to become electoral issues. This paper explores the linkage between the wealth gap and electoral campaigns, and points to a new political economy trend in today’s Taiwan: class mobilization has become the new driver of party politics, with identity mobilization played down.


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