Measuring Capacity Utilization in the Italian Manufacturing Sector: A Comparison Between Time Series and Survey Models in Light of the Actual Economic Crisis

2010 ◽  
Author(s):  
Marco Malgarini ◽  
Antonio Paradiso
Keyword(s):  
Time Series ◽  
Economic Crisis ◽  
Manufacturing Sector ◽  
Capacity Utilization

scholarly journals Risk or Resilience? The Role of Trade Integration and Foreign Ownership for the Survival of German Enterprises During the Crisis 2008–2010

2014 ◽  
Vol 234 (6) ◽  
Author(s):  
Joachim Wagner ◽  
John P. Weche Gelübcke
Keyword(s):  
Economic Crisis ◽  
Manufacturing Sector ◽  
Economic Recession ◽  
Firm Survival ◽  
Trade Integration ◽  
Striking Result ◽  
Global Recession ◽  
Factor Markets ◽  
Western Germany

SummaryThis is the first study of the link between internationalization and firm survival during the 2008/2009 crisis in Germany, a country which was hit relatively lightly compared to other countries. Moreover, it is the first study which looks at the role of importing, exporting and FDI simultaneously in the context of a global economic recession. We use a tailor-made representative dataset that covers all enterprises from the manufacturing sector with at least 20 employees. Our most striking result is to demonstrate the disadvantage of exporting for the chances of survival of a firm during the crisis in western Germany. Importing instead reveals a positive correlation with survival and firms that both export and import do not show a different exit risk relative to non-traders. A plausible explanation is that in a global recession, deteriorating markets abroad cause demand losses for exporters and improved conditions on factor markets which result in an advantage for firms sourcing from factor markets abroad. Two-way traders do not show a link with exit risk, supporting the idea that they were able to outweigh their losses from exporting with their gains from importing, in what could be called an export-import hedge. Furthermore, we cannot support the hypothesis that foreign multinationals are more volatile during times of economic crisis.

scholarly journals Impact of the economic crisis on household health expenditure in Greece: an interrupted time series analysis

BMJ Open ◽  
2020 ◽  
Vol 10 (8) ◽  
pp. e038158
Author(s):  
Catriona Crookes ◽  
Raffaele Palladino ◽  
Paraskevi Seferidi ◽  
Raeena Hirve ◽  
Olga Siskou ◽  
...  
Keyword(s):  
Time Series ◽  
Time Series Analysis ◽  
Economic Crisis ◽  
Health Expenditure ◽  
Interrupted Time Series ◽  
Interrupted Time Series Analysis ◽  
Financing System ◽  
Series Analysis ◽  
Out Of Pocket Payments ◽  
The Impact

Objectives and settingThe 2008 financial crisis had a particularly severe impact on Greece. To contain spending, the government capped public health expenditure and introduced increased cost-sharing. The Greek case is important for studying the impact of recessions on health systems. This study analysed changes in household health expenditure in Greece over the economic crisis and explored whether the impact differed across socioeconomic groups.ParticipantsWe used data from the Greek Household Budget Survey for the years 2004 and 2008–2017. The dataset comprised 51 654 households, with a total of 128 111 members.DesignWe compared pre-crisis and post-crisis trends in Greek household out-of-pocket payments for healthcare from 2004 to 2017 using an interrupted time series analysis. This study explored spending in euros and as a share of total household purchases.ResultsOur results indicated that the population level trend in household health spending was reversed after the crisis began (pre-crisis trend: €0.040 decrease per quarter (95% CI: −0.785 to −0.022), post-crisis trend: €0.315 increase per quarter (95% CI: −0.004 to 0.635)). We also found that spending on inpatient services and pharmaceuticals has been increasing since the start of the crisis, whereas outpatient services expenditure has been decreasing. Across all households, out-of-pocket payments incurred a greater financial burden after the crisis relative to pre-existing trends, but the poorest households incurred a disproportionately higher burden.ConclusionsThis was the first study to use an interrupted time series analysis to assess the impact of the economic crisis on household health expenditure in Greece. Our findings suggest that there was an erosion of financial protection for Greek households as a consequence of the economic crisis. This effect was particularly pronounced among poorer households, which is indicative of a regressive financing system.

Globalization and Wage Inequality in the Canadian Manufacturing Sector: A Time Series Analysis

2006 ◽  
Vol 6 (2) ◽  
pp. 1850085 ◽  
Author(s):  
Gilles Grenier ◽  
Akbar Tavakoli
Keyword(s):  
Time Series ◽  
Wage Inequality ◽  
Wage Gap ◽  
Manufacturing Sector ◽  
Harmful Effect ◽  
Union Density ◽  
Skilled Workers ◽  
Capital Labor Ratio ◽  
Investment Capital ◽  
Canadian Manufacturing

The deteriorating economic position of low-skilled workers relative to high-skilled workers appears to be one harmful effect of the economic globalization that took place during the 1980s and 1990s. In the present paper, we perform a time series investigation for Canada using as the dependent variable the relative wages of production and non-production workers in the manufacturing sector between 1970 and 2001. The independent variables include R&D, union density, immigration, imports from non-OECD countries, foreign direct investment, capital labor ratio, and number of workers in each group. The results show that the R&D expenditures and union density are two important variables in the explanation of the widening wage gap. The effects of immigration, imports, and FDI on wage inequality are found to be moderate.

scholarly journals The exchange rates – indicators for assessing the financial performance of the companies from Romania

2016 ◽  
Vol 26 (1) ◽  
pp. 1-10
Author(s):  
Nicolae Baltes ◽  
Alexandra-Gabriela-Maria Dragoe
Keyword(s):  
Exchange Rates ◽  
Financial Performance ◽  
Economic Crisis ◽  
Stock Exchange ◽  
Manufacturing Sector

Abstract The research aims to determine the financial performance of the companies listed and traded on the Bucharest Stock Exchange from the manufacturing sector in Romania, compared with the performance recorded by the Bucharest Stock Exchange, based on the exchange rates. It was concluded that the financial performance of the companies included in the research, quantified on the basis of the exchange rates, decreased significantly with the arrival of the financial and economic crisis, currently, the companies being unable to reach the level of performance recorded before the crisis.

scholarly journals Public Deficits in USMCA Economies During the COVID-19 Economic Crisis

2021 ◽  
Vol 16 (3) ◽  
pp. 1-21
Author(s):  
Juan Alberto Vázquez Muñoz ◽  
Nancy Ivonne Muller Durán ◽  
Josué Zavaleta González
Keyword(s):  
United States ◽  
Time Series ◽  
Fiscal Policy ◽  
Empirical Analysis ◽  
Economic Crisis ◽  
The United States ◽  
Fiscal Reform ◽  
Potential Output ◽  
The Difference ◽  
Economic Capacity

This paper aims to evaluate the fiscal policy implemented by the USMCA economies to deal with the COVID-19 economic crisis. We estimate the economic capacity (potential output) and the Cyclical Primary Balance as a percentage of GDP (CPB) of each of the scrutinized economies. Then we obtain the Cyclical Adjusted Primary Balance as a percentage of GDP (CAPB) as the difference between the Primary Balance (PB) and the CPB. Unlike previous CPB estimations, we obtain the potential output reference as the Economic Capacity methodology (Shaikh and Moudud, 2004), which overcome some alternative methodologies problems. According to our empirical analysis, an asymmetric fiscal policy stands across USMCA economies. Canada and the United States are using a countercyclical fiscal policy, while Mexico uses a procyclical one. Mexico should abandon its current fiscal policy, implement an alternative to support households and firms during crisis periods, and execute a progressive fiscal reform. Our paper's limitation is that we use PB and not its components to estimate the CPB; however, we use a more extended time series, contributing to obtaining more robust results.

scholarly journals ANALYSIS OF AIR PASSENGER TRANSPORT IN EUROPE

2012 ◽  
Vol 3 (2) ◽  
pp. 38-51
Author(s):  
Justo de Jorge Moreno
Keyword(s):  
Time Series ◽  
Economic Crisis ◽  
Terrorist Attack ◽  
Business Environment ◽  
The Other ◽  
September 11Th ◽  
Passenger Transport ◽  
Arima Models ◽  
Other Hand ◽  
The One

This article presents a set analysis of European airlines. The main results reveal that ARIMA models have better performance than the Holt-Winters method in time series of Revenue Passenger Kilometres in nineteen airlines members of the Association of European Airlines (AEA). Only seven airlines have been influenced by the September 11th terrorist attack, SARS and the ash crisis, while none of the analysed airlines has been influenced by the economic crisis that began in 2008. The results obtained might suggest, on the one hand that airlines can find the flexibility to meet demand, despite their difficulty to adjust capacity. On the other hand, given the heterogeneity of resources and flight destinations, the business environment does not affect the airlines in the same way or with the same intensity.

scholarly journals Intermedia Agenda Setting and Grassroots Collectives: Assessing Global Media’s Influence on Greek News Outlets

2021 ◽  
Vol 9 (2) ◽  
pp. 12
Author(s):  
Lambrini Papadopoulou ◽  
Karolos Kavoulakos ◽  
Christos Avramidis
Keyword(s):  
Time Series ◽  
Economic Crisis ◽  
Media Coverage ◽  
Front Page ◽  
Public Realm ◽  
Theoretical Frameworks ◽  
The Public ◽  
Intermedia Agenda Setting ◽  
Before And After ◽  
Depth Interviews

This study focuses on a variety of grassroots collectives that emerged during the Greek economic crisis and aims to record activists’ own perceptions regarding the way that domestic media reacted after these collectives featured on the front pages of global news outlets. Drawing on 10 in depth interviews with activists participating in five grassroots collectives, this study brings together social movement and communications theoretical frameworks. Interviewees were asked about their perceptions regarding the role that global elite media coverage may have played in the salience of their endeavors in domestic media. Subsequently, we tested their personal testimonies by implementing a time series analysis on three Greek newspapers for a period of seven days before and after a front page publication in global elite media. Findings suggest that there is a big discrepancy between the perceived and the actual impact of global elite media on the agenda of domestic newspapers. To this end, further research should be undertaken to specify the exact characteristics that influence which grassroots collective will gain prominence in the public realm.

scholarly journals Exploring Technological Capabilities To Resuscitate The Zimbabwean Manufacturing Sector

2015 ◽  
Vol 31 (3) ◽  
pp. 1023
Author(s):  
Patience Siwadi ◽  
Theuns Pelser
Keyword(s):  
Multivariate Regression ◽  
Manufacturing Sector ◽  
Capacity Utilization ◽  
Multivariate Regression Analysis ◽  
Company Performance ◽  
Technological Capabilities ◽  
Return On Assets ◽  
Independent Variables ◽  
Widespread Agreement ◽  
Globalized Economy

There is widespread agreement that manufacturing concerns require a level of technological capabilities to be able to compete in a globalized economy. This study sought to examine the technological capabilities necessary for the resuscitation of the Zimbabwean manufacturing sector. The sector has been under a lot of pressure mainly from cheaper and sometimes better quality products hailing from international players. With antiquated machinery and having been closed in during and after sanctions, the sector understands the need for up scaling their TCs. The study used data from a non-probability judgemental sample of 77 companies across 6 subsector who had capacity utilization of up to 80%. Return on Assets (ROA) was used to measure performance and was the dependent variable. A total of 14 independent variables were regressed using a bivariate and multivariate regression analysis. Five distinct technological factors proved to positively influence company performance. The significance for industry is that the 5 variables clearly hover around increase in technological capabilities and the support of human resources and information systems to go with it and directs strategists to what they need to recover in the Zimbabwean economy.

scholarly journals An analysis of key sectors of economic growth in Greece: A VAR testing approach

2018 ◽  
Vol 7 (4) ◽  
pp. 7-12
Author(s):  
Konstantinos Spinthiropoulos ◽  
Alexandros Garefalakis ◽  
Dimitrios Charamis ◽  
Georgios Gerakis ◽  
Anastasios Konstantinidis
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Manufacturing Sector ◽  
Economic Recession ◽  
Tourism Industry ◽  
Term Relation ◽  
Long Run ◽  
Greek Economy ◽  
The One ◽  
The Relationship

The purpose of the study is to examine the relationship that exists between tourism, money supply and construction, on the one hand, and the economic growth in Greece, using a multivariate autoregressive model VAR. The long-term relation based on the Cointegration test results has shown the existence of a long run relation despite the prolonged economic recession. The analysis was carried out for the period from 1965 to 2015. The empirical results show that the economy of Greece can recover and return to long run equilibrium with a speed of adjustment reaching 3,60 % per year. The global economic crisis has undoubtedly affected the Greek economy. Long before the onset of the economic crisis, Greece applied a model of economic growth that relied on the growth of the manufacturing sector. In particular, the development of the construction sector was the engine of the Greek economy. However, through our analysis, it turns out that the engine for the development of the Greek economy is tourism rather than construction. The relationship between construction and the supply of money in Greece’s GDP is positive. However, the dynamics of the tourism industry stand out in comparison to the other areas examined.

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