scholarly journals COVID-19 Vaccinations and the Volatility of Energy Companies in International Markets

2021 ◽  
Vol 14 (12) ◽  
pp. 611
Author(s):  
Ender Demir ◽  
Renatas Kizys ◽  
Wael Rouatbi ◽  
Adam Zaremba
Keyword(s):  
International Markets ◽  
Stock Volatility ◽  
Policy Makers ◽  
Vaccination Programs ◽  
Government Interventions ◽  
Developed Markets ◽  
The World ◽  
Energy Companies ◽  
Measurement Approach

The COVID-19 pandemic has elevated both the risk and volatility of energy companies. Can mass vaccinations restore stability within this sector? To answer this question, we investigate stock market data from fifty-eight countries from January 2020 to April 2021. We document that vaccination programs assist in decreasing the volatility of energy stocks around the world. The drop in volatility is statistically and economically significant and robust to many considerations. The observed phenomenon survives a broad battery of control variables; it is also independent of the employed regression model or the volatility measurement approach. Moreover, the effect is not driven by the dynamics of the pandemic itself or the associated government interventions. Finally, we find the influence of vaccinations on energy stock volatility to be more pronounced in developed markets rather than in emerging ones. Our findings bear clear practical implications: policy makers around the world should consider the essential role of vaccinations in the energy sector.

Integrated Coastal Management: The Role of Law and Lawyers

1999 ◽  
Vol 14 (4) ◽  
pp. 491-522
Author(s):  
Brady Coleman ◽  
Robert Beckman
Keyword(s):  
Coastal Management ◽  
Essential Role ◽  
Management Programme ◽  
Integrated Coastal Management ◽  
Policy Makers ◽  
Coastal Resource ◽  
The World ◽  
Critical Understanding

AbstractIntegrated coastal management (ICM) programmes are being planned, formulated and implemented in coastal States all over the world. To date, however, ICM has been seen as more in the realm of policy-makers, managers, scientists, coastal resource economists, and others, rather than in the realm of lawyers. This article reveals how law and lawyers should play an absolutely essential role at all stages of the ICM process. Ideally, ICM legal consultants will have a broad range of knowledge and experience in both international legal treaties as well as in certain fundamental national law principles, so that coastal zone policies will be designed and carried out with a critical understanding of the laws and institutions needed for the long-term success of an integrated coastal management programme.

Diffusion of crisis signals across the world: evidence from subprime crisis of 2008-2009

2018 ◽  
Vol 13 (2) ◽  
pp. 410-430 ◽  
Author(s):  
Sruthi Rajan ◽  
Shijin Santhakumar
Keyword(s):  
Ordinary Least Squares ◽  
Stock Index ◽  
Subprime Crisis ◽  
Policy Makers ◽  
Content Type ◽  
Crisis Period ◽  
Economic Fundamentals ◽  
The World ◽  
The Impact

Purpose The innovations in fundamentals coupled with noise traders induce co-movement in diverse markets. This co-movement in equity markets which is evidenced higher during the turmoil period influences economic fundamentals of a country dissimilar in nature. The purpose of this paper is to examine whether economic fundamentals or investors’ behavior attributable to disturbances across the world are the rationale behind the crisis transmission, and thereby distinguish fundamental-based contagion from investor-induced contagion. Design/methodology/approach Initially, the study investigates the role of macroeconomic fundamentals and stock returns on crisis occurrence using panel probit estimates. Additionally, ordinary least squares estimates controlling the influence of fundamentals on domestic return capture the discrete country effect measuring the influence of domestic as well as foreign economic fundamentals along with foreign returns on the domestic stock index. Findings The empirical results reveal that foreign country stock index returns are having a significant influence on domestic returns besides a prominent role in crisis occurrence. The binary probit model confirmed the influence of both macroeconomic factors and foreign returns in crisis occurrence. The OLS estimates found evidence for investor-induced contagion in the crisis period where the effects of economic fundamentals are small in comparison to foreign market returns that are mainly dominant in pre- and post-crisis period. Research limitations/implications The propagation of crisis from one market to other would enable the policy makers to make clear regulations at right time to control for the crisis in future. The results can help the policy makers as well as investors in reducing the impact of the crisis in future by clearly monitoring the behavior of the factors under study. Originality/value The current study addresses the role of macro fundamentals and investors influence in crisis propagation. Adopting subprime crisis of 2008-2009 as a reference point and separating the sample period into pre-crisis, crisis and post-crisis period, the study explains how badly the other 30 markets impacted the crisis that emerged in the USA.

scholarly journals Green GDP and Sustainable Development in Malaysia

2015 ◽  
Vol 10 (1) ◽  
pp. 01-08 ◽  
Author(s):  
Negin Vaghefi ◽  
Chamhuri Siwar ◽  
Sarah Aziz
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Natural Resources ◽  
Sustainable Growth ◽  
Growth Path ◽  
Policy Makers ◽  
Economic Growth And Development ◽  
Green Gdp ◽  
The World

Sustainability has become an important concept in economic growth and development in the world. Malaysia, as a rapidly developing economy in Asia, has been able to achieve a positive economic growth; however, there is a big question: is it on a sustainable growth path? Due to weaknesses of traditional GDP in reflecting sustainability path, Green GDP as an indicator of sustainability could be implemented with adjustments in calculations. This paper aims to calculate the Green GDP for Malaysia. This measure will almost give policy makers a more arguable estimate for the area of environmental challenges. This paper highlights the role of natural resources depletion and environmental damages in sustainable development of the country. Green GDP is associated with some uncertainties such as lack of comprehensive calculations in estimating data and difficulties in setting the price of natural resources. These uncertainties and how Malaysia would be able to implement more accurate Green GDP in future were also discussed.

scholarly journals Documenting the process of developing the Victorian voluntary assisted dying legislation

2018 ◽  
Vol 42 (6) ◽  
pp. 621 ◽  
Author(s):  
Margaret M. O'Connor ◽  
Roger W. Hunt ◽  
Julian Gardner ◽  
Mary Draper ◽  
Ian Maddocks ◽  
...  
Keyword(s):  
Change Process ◽  
Vital Role ◽  
Advisory Panel ◽  
Assisted Dying ◽  
Policy Makers ◽  
Australian State ◽  
The Social ◽  
The World ◽  
Legislative Changes

Many countries across the world have legislated for their constituents to have control over their death. Commonalities and differences can be found in the regulations surrounding the shape and practices of voluntary assisted dying (VAD) and euthanasia, including an individual’s eligibility and access, role of health professions and the reporting. In Australia there have been perennial debates across the country to attempt legislative change in assisting a terminally ill person to control the ending of their life. In 2017, Victoria became the first state to successfully legislate for VAD. In describing the Victorian process that led to the passage of legislation for VAD, this paper examines the social change process. The particular focus of the paper is on the vital role played by a multidisciplinary ministerial advisory panel to develop recommendations for the successful legislation, and is written from their perspective. What is known about the topic? VAD has not been legal in an Australian state until legislation passed in Victoria in 2017. What does this paper add? This paper describes how the legislation was developed, as well as the significant consultative and democratic processes required to get the bill to parliament. What are the implications for practitioners? In documenting this process, policy makers and others will have an understanding of the complexities in developing legislation. This information will be useful for other Australian jurisdictions considering similar legislative changes.

Infodemic amid the COVID-19 pandemic

First Monday ◽  
2020 ◽  
Author(s):  
Shekhar Shukla
Keyword(s):  
World Health Organization ◽  
Decision Makers ◽  
World Health ◽  
Policy Makers ◽  
Blockchain Technology ◽  
The World ◽  
Health Organization ◽  
Equivalence Mapping

The unfortunate arrival of the COVID-19 pandemic has also brought along with it a tsunami of information that can be both authentic and important as well as non-reliable and misguiding. The World Health Organization (WHO) coins this outburst of information in this era of pandemic as an infodemic. It becomes essential for societies to consume and act on trusted information in these times of uncertainty and grief. In this article, we describe and assess the role of blockchain technology and its features to establish an environment of a trusted information ecosystem. We present an equivalence mapping of these important parameters to curb an infodemic with blockchain technology features and applications. This equivalence mapping provides a directional sense to stakeholders, decision-makers, policy-makers and investors to gauge and synthesize the potential of blockchain technology for tackling an infodemic.

scholarly journals Roadmap for Innovators in the Process of Innovation for Development

2020 ◽  
Vol 13 (1) ◽  
pp. 84
Author(s):  
Thammarat Koottatep ◽  
Krisakorn Sukavejworakit ◽  
Thanaphol Virasa
Keyword(s):  
Innovation Process ◽  
Policy Makers ◽  
Research And Innovation ◽  
Key Stakeholders ◽  
Fecal Sludge ◽  
The World ◽  
Institute Of Technology ◽  
Gates Foundation ◽  
Responsible Research

This study aims to provide valuable insights into the process of innovation for development. We selected the “Reinvent the Toilet Challenge”, an initiative of the Gates Foundation, with the objective of creating sustainable sanitation solutions for the 2.5 billion people across the globe who lack access to safe and affordable sanitation. The Naturally Acceptable and Technologically Sustainable (NATS) team at the Asian Institute of Technology (AIT), Thailand was appointed by the Gates Foundation to serve as an innovative fecal sludge management (FSM) hub in Southeast Asia and collaborate with other researchers in the region, as well as with other teams from around the world to develop innovative FSM techniques that can help to solve the world sanitation problem. By gaining insights into how innovators interact with key stakeholders, we can understand the process of innovation for development and the role of innovation brokers in the innovation process, and then suggest a roadmap from the perspective of responsible research and innovation (RRI) to guide innovators, project leaders, industry partners, local government, and policy makers in the process of innovation for development.

scholarly journals Successive pandemic waves with more virulent strains, and the effects of vaccination for SARS-CoV-2

2021 ◽  
Author(s):  
Alcides Castro-e-Silva ◽  
Américo T Bernardes ◽  
Eduardo Augusto Gonçalves Barbosa ◽  
Wesley Dáttilo ◽  
Sérvio P. Ribeiro
Keyword(s):  
Present Model ◽  
Vaccination Rate ◽  
World Population ◽  
List Type ◽  
Vaccination Programs ◽  
Virulent Strains ◽  
Continuous Waves ◽  
The World ◽  
Novel Coronavirus

AbstractHundred years after the flu pandemic of 1918, the world faces an outbreak of a new severe acute respiratory syndrome, caused by a novel coronavirus. With a high transmissibility, the pandemic spreads worldwide, creating a scenario of devastation in many countries. By the middle of 2021, about 3% of the world population has been infected and more than 4 million people have died. Different from the H1N1 pandemic, which had a deadly wave and cessed, the new disease is maintained by successive waves, mainly produced by new virus variants, and the small number of vaccinated people. In the present work, we create a version of the SIR model with spatial localization of persons, their movements, and taking into account social isolation probabilities. We discuss the effects of virus variants, and the role of vaccination rate in the pandemic dynamics. We show that, unless a global vaccination is implemented, we will have continuous waves of infections.HighlightsThe COVID-19 has infected more than 200 millions and has killed more than 4 million persons.WHO has not been successful in defining a global vaccination policy.Many epidemic scenarios arise when different countries apply different vaccination strategies.Present model can show some insights on how vaccination programs can be managed.

scholarly journals Exhibition and Trade Fair Activities in the System of Support for National Exporters

2020 ◽  
pp. 49-54
Author(s):  
Iryna Chychkalo-Kondratska ◽  
Vladyslav Zhytnyk ◽  
Aapis Bairamov
Keyword(s):  
New Technologies ◽  
International Markets ◽  
The State ◽  
Communication Tool ◽  
Role Of The State ◽  
International Exhibitions ◽  
The World ◽  
Global Indicators ◽  
Comparative Description

The article substantiates the role of the state in supporting participants of national and foreign exhibitions and fairs and processes of development of exhibition infrastructure. The international exhibitions and fairs are not only an important communication tool, but also a mechanism for promoting new technologies and products in national and international markets. A comparative description is made and the differences between fairs and exhibitions are determined. The structure of the distribution of exhibition areas in the world is analyzed and it is found that Europe has the largest number of exhibition complexes, the share of which is 46% of the global indicators. The dynamics of the main characteristics of exhibition activity in Ukraine from 2015 to 2019 is considered, which indicates the development of this area, but in 2018–2019 there was a certain decline in some indicators, including attendance at these events. The state of exhibition and fair activity in 2019 is analyzed in detail. The article identifies the prospects of exhibition and fair activities in Ukraine. Especially urgent is the solution of training, retraining and advanced training of employees of exhibition and fair activities, as well as the active participation of government agencies in the formation and development of international and national exhibitions and fairs.

scholarly journals Does Technology Change Families? A Tri -Angulation Discussion on the Relation of Family & Technology

2021 ◽  
Vol 8 (3) ◽  
pp. 260
Author(s):  
Forough Shojanoori ◽  
Samaneh Sadat Sadidpour
Keyword(s):  
Computer Games ◽  
Digital Technology ◽  
New Technology ◽  
The Internet ◽  
Technology Change ◽  
Policy Makers ◽  
Violent Content ◽  
Multiple Focus ◽  
The World

Families have moved, or have been moved, from the streets into their homes or more specifically, into their bedrooms. Digital technology – computer games, mobiles & the internet and email are referred to as new technology when they are discussed in relation to Health & structure of families and Many parents, clinicians, researchers, and policy makers are concerned that electronic tools, especially those featuring violent content, may be harmful to individuals especially youths. This article is a documentary study, combination of multiple focus is chosen. In this article, Internet, Mobile and computer games. This article looks into the role of the technology on families. Specifically, it examines how the mediated space that this technology creates matters. Technological change often creates ungrounded fears but also overinflated hopes. In order to minimize risks and to seize chances, systematic, empirical, and ideally experimental research is crucial in all over the world. Major changes in family structure and environments might potentially severely disrupt family functioning, thus diminishing a family’s ability to cope with stress, so by the advent of a technology.

Nudging openly – An experimental analysis of nudge transparency in a public goods setting

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Erika Große Hokamp ◽  
Joachim Weimann
Keyword(s):  
Status Quo ◽  
Public Good Game ◽  
Public Authorities ◽  
Policy Makers ◽  
Treatment Groups ◽  
Ethical Concerns ◽  
The World ◽  
Moderating Role ◽  
Over Time

Abstract Around the world, policy makers and public authorities are increasingly turning to behaviorally informed interventions (“nudges”) in order to help tackle important contexts of public policy. Despite their impressive merit record, these policy tools have been heavily criticized as being obscure and manipulative, thus facing challenges for their legitimate assertion in the regulatory toolkit. In this study, we seek to assess whether transparency over the use of such interventions may constitute a viable way of addressing these ethical concerns, and focus particularly on the potentially moderating role of something we call “status quo experience”, i. e. subjects’ understanding of the behavioral consequences of different choice architectures. We conduct a laboratory experiment, whereby subjects play three rounds of a public good game, the first of which defaults them towards a fully non-cooperative contribution, while the rest default them towards a fully cooperative one. Subjects in our treatment groups further receive an “informational shock” at varying points in time, disclosing how and why a fully cooperative default contribution is being used. We find that providing subjects with informational disclosure about the nudge intervention did not result in significantly different aggregate behavioral measurements between control and treatment groups. This seems to be independent of status quo experience and of the timing of transparency provision. We nonetheless find some indication that the latter could help sustain cooperation over time.

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