The relationship of bond yield curves and gross domestic product growth in Scandinavia

2018 ◽  
Vol 4 (10) ◽  
pp. 398-405
Author(s):  
Jana Hvozdenska
Keyword(s):  
Economic Activity ◽  
Predictive Power ◽  
Yield Curve ◽  
Yield Spread ◽  
Gross Domestic Product Growth ◽  
Real Gdp ◽  
Bond Yield ◽  
Near Term ◽  
Relationship Of ◽  
The Relationship

The steepness of the bond yield curve is an excellent indicator of a possible future economic activity. A rise in the short rate tends to flatten the yield curve and slows down real growth in the near-term. This paper analyses the dependence between slope of the yield curve and an economic activity of selected countries between 2000 and 2016. The slope of the yield curve can be measured as the yield spread between sovereign 10-year and 3-month bonds. The results showed that the best predictive lags are the lag of four and five quarters. The results also confirm that 10-year and 3-month yield spread has a significant predictive power for real GDP growth after a financial crisis. These findings can benefit investors and provide evidence of the potential usefulness of the yield curve spreads as indicators of the future economic activity. Keywords: GDP prediction, yield curve, slope, spread.

Culture and prosocial behavior. An Incremental Validity Model

2018 ◽  
Vol 9 (2) ◽  
pp. 87-96
Author(s):  
Melinda Sabo ◽  
Ioan Mihnea Marinescu
Keyword(s):  
Prosocial Behavior ◽  
Predictive Power ◽  
Scientific Literature ◽  
Final Analysis ◽  
Dictator Game ◽  
Analysis Data ◽  
Incremental Validity ◽  
Social Axioms ◽  
Relationship Of ◽  
The Relationship

The present study investigated if values and social axioms predict prosocial behavior, as well as the incremental validity of social axioms, beyond values in the prediction of prosocial behavior. Considering that there is no evidence in the scientific literature for studies that explore the relationship of these three variables, the aim of the study was to fill in this gap. Initially 177 participants took part in the study; in the final analysis, data from 155 participants was included. Participants could access the questionnaires on social networks where they had to complete four trials of the Ultimatum and Dictator Game, the Prosocialness Scale (Caprara et. al, 2005), the Romanian version of the second edition of Social Axioms Survey (SAS-II; Leung et al., 2012) and the Value Survey of Schwartz (1992). Results showed that social axioms have incremental validity over and beyond values in the prediction of prosocial behavior – measured objective and subjective. These results bring evidence for values and social axioms explaining a significant part of the variance of the prosocial behavior. In addition, social axioms have a significant predictive power beyond values. This study has a theoretical and a practical contribution, as well. It contributes to the development of the culture, as a concept by adding the notion of social axioms and has a practical contribution for planning interventions that focus on changing the way people cooperate or modifying the helping tendencies of people.

The relationship of corruption to economic activity in the OECD

2018 ◽  
Vol 16 (3) ◽  
pp. 286
Author(s):  
Todd Broker ◽  
Dan Harris ◽  
Topaz Prawito ◽  
L. Murphy Smith
Keyword(s):  
Economic Activity ◽  
Relationship Of ◽  
The Relationship

Economic Activity of Non-Commercial Organizations and Its Civil-Law Ensuring

2016 ◽  
Vol 4 (1) ◽  
pp. 0-0
Author(s):  
Татьяна Сойфер ◽  
Tatyana Soyfyer
Keyword(s):  
Market Economy ◽  
Economic Activity ◽  
Civil Law ◽  
Civil Code ◽  
Non Profit ◽  
Fundamental Possibility ◽  
Commercial Organizations ◽  
Relationship Of ◽  
The Relationship ◽  
Methods Of Operation

The article is considered some aspects of economic activity of non-commercial organizations. The author notes that updated norms of the Russian Civil code not fully take into account economic principles of operation non-commercial organizations in conditions of market economy. That is why the desired effects from their work in Russia are not received. Particular attention is paid to the analysis of the relationship of legal categories “income-generating activity of non-commercial organizations” and “entrepreneurship activity of non-commercial organizations”. Author came to a conclusion that this categories have various economic essences. The income-generating activity for the non-profit organizations may have different characters, including as the main. Consequently the author indicates the need for a differentiated approach in determining the fundamental possibility and valid frames of implementation the income-generating activity for the non-commercial organizations. The article proposes to distinguish groups of non-profit legal entities and give them any special opportunities in the implementation of income-generating activity. These opportunities depend on the purposes of the organizations and the chosen methods of operation.

Disconnect will grow between Fed policy and yields

2018 ◽  
Keyword(s):  
Yield Curve ◽  
Content Type ◽  
Volatility Index ◽  
Bond Yield ◽  
Downward Pressure ◽  
The Us ◽  
Us Government ◽  
European Banks ◽  
Near Term ◽  
Price Distortions

Subject US market dynamics. Significance The flattening of the US government bond yield curve -- the process in which yields on short-dated bonds converge with, or exceed, those on long-dated debt -- is fuelling debate about monetary policy and the outlook for global growth, especially US growth given the determination of the Federal Reserve (Fed) to raise rates steadily. Financial markets fear the Fed is being overly hawkish, but price distortions and technical factors appear to be driving the flattening more than economic weakness. Impacts The VIX volatility index, Wall Street’s 'fear' gauge, is signalling near-term stability. The Bank of Japan’s July policy tweaking led to the sharpest 10-year bond yield rise in two years, highlighting fears of stimulus ending. The Fed is raising rates, but China is loosening policy to boost GDP amid rising trade costs, putting downward pressure on the renminbi. Turkish borrowers owe European banks nearly 170 billion dollars, half to Spain and over 35 billion dollars to France, worrying the ECB.

Tourism and valorisation of cultural heritage: The case of the Castle of Lanhoso

Tékhne ◽  
2018 ◽  
Vol 16 (2) ◽  
pp. 28-37
Author(s):  
António Cerdeiras ◽  
Bruno Pinheiro ◽  
Laurentina Vareiro ◽  
Raquel Mendes
Keyword(s):  
Cultural Heritage ◽  
Economic Activity ◽  
Sustainable Tourism ◽  
Living Conditions ◽  
Tourism Demand ◽  
National Monument ◽  
Northern Portugal ◽  
Relationship Of ◽  
The Relationship

Abstract Given the relationship of sustainability and mutual benefits that tourism and cultural heritage can and should establish, the present study aims to reflect on the importance of the development of creative activities in the Castle of Lanhoso, in the municipality of Póvoa de Lanhoso (in northern Portugal), as a form of promotion and tourism valorisation of this heritage classified as National Monument. In this context, the study intends to stimulate and streamline the processes of monetization and preservation of the Castle of Lanhoso, making it suitable for sustainable tourism economic activity with the purpose of improving the living conditions of the population, generating employment and revenues, increasing tourism demand, promoting and preserving the identity and the local cultural heritage.

Sign in / Sign up

Export Citation Format

Share Document