scholarly journals Bootstrap Causality Tests Of The Relationship Between The Equity Markets Of The US And Other Developed Countries: Pre- And Post-September 11

2011 ◽  
Vol 22 (3) ◽  
Author(s):  
Abdulnasser Hatemi-J ◽  
Eduardo Roca ◽  
Daniel Buncic
Keyword(s):  
Structural Break ◽  
Equity Markets ◽  
Developed Countries ◽  
September 11 ◽  
Bootstrap Approach ◽  
The Us ◽  
Causality Tests ◽  
Post September 11 ◽  
The Uk ◽  
The Relationship

We analyse the causal relationship between the equity markets of the US and those of the UK, Japan, Germany, France, Canada and Australia based on leveraged bootstrap approach developed by Hacker and Hatemi-J (2005). This method overcomes problems of non-normalities and ARCH effects in the data. Using weekly MSCI price indices, we focus our investigation on the period 1998 to 2005 which we divided into two sub-periods to take into account the potential structural break arising from September 11. Our results show that before September 11, there was bi-directional causality between the US and Japan and between the US and Germany. In addition, there was also a uni-directional causality from the US to Canada and from the US to France. After September 11, the only causality was a unidirectional one from the US to Japan and from the UK to the US. Thus, after September 11, the US Granger-caused a fewer number of markets. This could imply that after September 11, the other markets became more efficient in responding to information transmitted from the US market.

scholarly journals HISTORY (EDUCATION) OF MODERN ISLAM IN THE PERSPECTIVE OF IBRAHIM M. ABU-RABI '

2018 ◽  
Vol 1 (2) ◽  
pp. 135-144
Author(s):  
Nurul Mubin
Keyword(s):  
September 11 ◽  
Political Islam ◽  
Point Of View ◽  
Islamic Education ◽  
Islamic History ◽  
The Us ◽  
Religious Perspectives ◽  
Post September 11 ◽  
The Relationship ◽  
Fundamental Values

The debate among Western academics, US politicians and security councils has intensifiedfollowing similar attacks, although not as devastating as the September 11 tragedy, somesee political Islam, especially regarding the relationship between Islam and democracy,at least divided into two major currents; the first group is a group that concludes thatIslam does not oppose democracy, the second group is a group that views Islam asopposed to democracy. This group assumes that the fundamental values of Islam arevery compatible with democracy. Islam is not anti-democratic, but between Islam anddemocracy can live side by side. Not only are Western thinkers who have views like this,not a few among Islamic scholars have this view. Ibrahim M. Abu Rabi 'in the theme of hisarticle entitled "A Post- September 11 Critical Assessment of Modern Islamic History" inthe book "September 11, Religious Perspectives on the Causa and Consequences" triedto question and then explain why there were attacks on the US by groups Muslims fromthe point of view of Qur'anic rationalization of violence. Because after all, the tragedyhas changed the West's image of Islam which has become increasingly negative and haseven reached a terrible level, the symptom of fear known as Islamamphobia. Ibrahim M.Abu Rabi 'tried to examine the tragedy in a historical perspective. This article outlinesattempts to discuss his thoughts on the important points to be elaborated, namely: 1).education in the Muslim world; modern or traditional. 2). M. Abu Rabi's Inspiration ofThought 'in the Renewal of the Islamic Education System in PTKAI and PTU.

Archaeologists and the Dead

2016 ◽  
Keyword(s):  
Historical Context ◽  
Ethical Considerations ◽  
International Context ◽  
The Public ◽  
The Us ◽  
The Dead ◽  
The Many ◽  
The Uk ◽  
The Relationship ◽  
Experience Effect

This volume addresses the relationship between archaeologists and the dead, through the many dimensions of their relationships: in the field (through practical and legal issues), in the lab (through their analysis and interpretation), and in their written, visual and exhibitionary practice--disseminated to a variety of academic and public audiences. Written from a variety of perspectives, its authors address the experience, effect, ethical considerations, and cultural politics of working with mortuary archaeology. Whilst some papers reflect institutional or organizational approaches, others are more personal in their view: creating exciting and frank insights into contemporary issues that have hitherto often remained "unspoken" among the discipline. Reframing funerary archaeologists as "death-workers" of a kind, the contributors reflect on their own experience to provide both guidance and inspiration to future practitioners, arguing strongly that we have a central role to play in engaging the public with themes of mortality and commemoration, through the lens of the past. Spurred by the recent debates in the UK, papers from Scandinavia, Austria, Italy, the US, and the mid-Atlantic, frame these issues within a much wider international context that highlights the importance of cultural and historical context in which this work takes place.

scholarly journals Dividend Policy in Indonesian Companies: Does Corporate Governance Matter?

2019 ◽  
Vol 8 (2S9) ◽  
pp. 825-830
Keyword(s):  
Corporate Governance ◽  
Dividend Policy ◽  
Resource Dependence ◽  
Secondary Data ◽  
Developed Countries ◽  
Resource Dependence Theory ◽  
Financial Statement ◽  
Finance Industry ◽  
The Us ◽  
The Uk

This study investigates whether corporate governance matters with regards to the dividend policy in Indonesian companies. Previous studies on this subject have mostly been done in developed countries, which have adopted the common law, such as in the US and the UK. This study uses 26 companies operating in the finance industry. Secondary data is used from several sources, such as the annual report and financial statement and related websites. This study uses an independent sample t-test to analyse the data. Corporate governance matters for dividend policy in Indonesian companies. It is evidenced by the fact that there is a significant differ ence in managerial ownership and board size between dividend paid and dividend not paid. Profitability also differs between dividend paid and dividend not paid companies; companies with higher profitability tend to pay dividend. This study provides empirical evidence that corporate governance matters for dividend policy in Indonesian companies. There are two contributions of this study: the result confirms the resource dependence theory and the convergence governance hypothesis.

Minimising medical litigation: a review of key tort and legal reforms

2009 ◽  
Vol 5 (2) ◽  
pp. 179-233 ◽  
Author(s):  
Harold Tan
Keyword(s):  
Medical Malpractice ◽  
Developed Countries ◽  
Economic Sustainability ◽  
Legal Reforms ◽  
The Us ◽  
Tort System ◽  
Medical Litigation ◽  
Tort Reforms ◽  
The Uk ◽  
The Impact

The traditional tort system in medical malpractice is increasingly perceived as being incapable of addressing the mismatch between claims and negligent injuries. Tort reforms have been introduced in various developed countries in an attempt to bring about greater fairness and economic sustainability in the compensation of medical injuries and to reduce the overall rate of medical litigation. This paper reviews the key tort reforms that have been used in various countries, notably the US and the UK, and discusses the arguments that had been put forth by advocates and opponents of such reforms. The impact of these tort reforms, where studied and available, is also reviewed and discussed in the paper.

scholarly journals Are stock returns an inflation hedge for the UK? Evidence from a wavelet analysis using over three centuries of data

2018 ◽  
Vol 23 (3) ◽  
Author(s):  
Aviral Kumar Tiwari ◽  
Juncal Cunado ◽  
Rangan Gupta ◽  
Mark E. Wohar
Keyword(s):  
South Africa ◽  
Wavelet Analysis ◽  
Stock Returns ◽  
Time Period ◽  
Inflation Rates ◽  
The Us ◽  
Long Time ◽  
Time Periods ◽  
The Uk ◽  
The Relationship

Abstract This paper analyzes the relationship between stock returns and the inflation rates for the UK over a long time period (February 1790–February 2017) and at different frequencies, by employing a wavelet analysis. We also compare the results for the UK economy with those for the US and two developing countries (India and South Africa). Overall, our results tend to suggest that, while the relationship between stock returns and inflation rates varies across frequencies and time periods, there is no evidence of stock returns acting as an inflation hedge, irrespective of whether we look at the two developed or the two developing markets in our sample.

scholarly journals Situating Continuing Professional Development in Life Long Learning in Qatar

2016 ◽  
Vol 11 (11) ◽  
pp. 81 ◽  
Author(s):  
Vishanth Weerakkody ◽  
Mohamad Osmani ◽  
Paul Waller ◽  
Nitham Hindi ◽  
Rajab Al-Esmail
Keyword(s):  
Professional Development ◽  
Continuing Professional Development ◽  
Developed Countries ◽  
The Past ◽  
Life Long Learning ◽  
The Us ◽  
Local Contexts ◽  
The Uk ◽  
High Level

<p>Continued professional development (CPD) has been at the centre of capacity building in most successful organisations in western countries over the past few decades. Specialised professions in fields such as Accounting, Finance and ICT, to name but a few, are continuously evolving, which is necessitating certain standards to be followed through registration and certification by a designated authority (e.g. ACCA). Whilst most developed countries such as the UK and the US have well established frameworks for CPD for these professions, several developing nations, including Qatar (the chosen context for this article) are only just beginning to adopt these frameworks into their local contexts. However, the unique socio-cultural settings in such countries require these frameworks to be appropriately modified before they are adopted within the respective national context. The purpose of this paper is to examine the role of CPD in Qatar through comparing the UK as a benchmark and drawing corresponding and contrasting observations to formulate a roadmap towards developing a high level framework.</p>

scholarly journals MAPPING LEGAL RESEARCH

2012 ◽  
Vol 71 (3) ◽  
pp. 651-676 ◽  
Author(s):  
Mathias M. Siems ◽  
Daithí Mac Síthigh
Keyword(s):  
Social Sciences ◽  
Social Science ◽  
Conceptual Framework ◽  
General Result ◽  
Law Schools ◽  
Legal Research ◽  
The Us ◽  
Micro Level ◽  
The Uk ◽  
The Relationship

This article aims to map the position of academic legal research, using a distinction between “law as a practical discipline”, “law as humanities” and “law as social sciences” as a conceptual framework. Having explained this framework, we address both the “macro” and “micro” level of legal research in the UK. For this purpose, we have collected information on the position of all law schools within the structure of their respective universities. We also introduce “ternary plots” as a new way of explaining individual research preferences. Our general result is that all three categories play a role within the context of UK legal academia, though the relationship between the “macro” and the “micro” level is not always straight-forward. We also provide comparisons with the US and Germany and show that in all three countries law as an academic tradition has been constantly evolving, raising questions such as whether the UK could or should move further to a social science model already dominant in the US.

scholarly journals The Continuing Effects of Welfare Reform on Food Bank use in the UK: The Roll-out of Universal Credit

2020 ◽  
pp. 1-21
Author(s):  
AARON REEVES ◽  
RACHEL LOOPSTRA
Keyword(s):  
Fixed Effects ◽  
Large Scale ◽  
Food Banks ◽  
Fixed Effects Model ◽  
Food Bank ◽  
Causality Tests ◽  
Large Scale Change ◽  
The Uk ◽  
The Relationship ◽  
Roll Out

Abstract In this paper we explore whether the recent rise in food bank usage in the UK has been induced by the roll-out of Universal Credit. We bring together official statistics on the introduction of Universal Credit with data on food bank usage from the UK’s largest food bank network. We test the relationship between Universal Credit and food parcel distribution using a range of causal identification strategies (such as fixed-effects model, Granger causality tests, and matching designs) and consistently find that an increase in the prevalence of Universal Credit is associated with more food parcel distribution. We also find that the relationship between Universal Credit and food parcel distribution is stronger in areas where food banks are active, suggesting food insecurity arising from Universal Credit may be hidden in places where food banks are largely unavailable. Though it is challenging to implement any large-scale change to social security, our analysis suggests systemic and persistent problems with this new system. Whilst the logic of Universal Credit is intuitively appealing, it has also proven to be unforgiving, leaving many struggling to make ends meet.

Evolution of military medicine literature: a scientometric study of global publications on military medicine between 1978 and 2017

2019 ◽  
Vol 166 (E) ◽  
pp. e25-e33 ◽  
Author(s):  
Engin Şenel
Keyword(s):  
Military Medicine ◽  
Developed Countries ◽  
Least Developed Countries ◽  
Academic Field ◽  
Novel Studies ◽  
Publication Patterns ◽  
The Us ◽  
The Uk ◽  
Developed Nations ◽  
The Military

ObjectivesScientometrics is a popular statistical discipline providing data relevant to publication patterns and trends in a certain academic field. There are no scientometric analyses of publications produced in military medicine literature. The present study aims to perform a holistic analysis of military medicine literature.MethodsAll data of this study were collected from the Web of Science Core Collection. All indexed documents between 1978 and 2017 were included. Countries, authors, institutions, citations and keywords relevant to the military medicine literature were comprehensively analysed. An infomap revealing global productivity and infographics of scientometric networks were generated.ResultsA total of 48 240 published items were found, 82.29% of which were original articles. USA, covering 56.66% of all literature dominated the military medicine field followed by the UK, China, Canada and Israel. We found that 18 of 20 most productive institutions in the world were from USA and the US Department of Defense was the most contributing institution in the literature with 9664 documents. The most used keywords over a 40-year period were ‘military’, ‘veterans’, ‘posttraumatic stress disorder’ and ‘military personnel’. A scientometric network of keywords showed a complicated ‘starburst pattern’.ConclusionAll most contributing countries except Turkey, China and Israel were developed nations. Only one institution (Tel Aviv University) from developing countries was noted in the list of 20 most productive institutions. The researchers from developing and the least developed countries should be encouraged and supported to carry out novel studies on military medicine.

scholarly journals Energy Use and GDP in Israel

2015 ◽  
Vol 8 (9) ◽  
pp. 89 ◽  
Author(s):  
Cosimo Magazzino
Keyword(s):  
Energy Use ◽  
Structural Break ◽  
Unit Root Tests ◽  
Subsequent Time ◽  
Long Run ◽  
Time Period ◽  
Unit Increase ◽  
Causality Tests ◽  
Time Series Approach ◽  
The Relationship

The paper aims to study the relationship between energy use and GDP in the period 1971-2007 for Israel with a time-series approach. Stationarity and unit root tests reveal that both series are non-stationary, or <em>I(1)</em>. Moreover, since both series show the presence of a structural break, the Gregory and Hansen cointegration test has been conducted. The results evidence the presence of a long-run relationship. Causality tests reveal that the “conservation hypothesis” emerges, since the causality flow runs from aggregate income to energy use. The IRFs analysis evidences that a shock to the energy use affects GDP for one period, but dies out very quickly. While shocks to GDP create a smaller but significant response in the energy use, although it falls to zero in few periods. Finally, we calculate with an ECM that the total long-run multiplier is 0.95. The energy use will increase to correct the disequilibrium, with 68% of the (remaining) deviation corrected in each subsequent time period. In addition, a one-unit increase in the GDP immediately produces a 0.18 unit increase in the energy use.

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