Alcohol Purchases and the Business Cycle: Evidence from the Nielsen Homescan Panel Data

2012 ◽  
Author(s):  
Chad D. Cotti ◽  
Richard A. Dunn ◽  
Nathan Tefft
Keyword(s):  
Panel Data ◽  
Business Cycle ◽  
The Business Cycle ◽  
Nielsen Homescan

scholarly journals Interação dos Dispêndios de Publicidade com Ciclos Econômicos e o Valor da Empresa: Análise Empírica das Empresas Norte-Americanas do Setor de Bens de Consumo

2010 ◽  
Vol 8 (3) ◽  
pp. 283
Author(s):  
Graziela Fortunato ◽  
Walter Ness ◽  
Arilton Teixeira ◽  
Paulo Cesar Motta
Keyword(s):  
Stochastic Process ◽  
Panel Data ◽  
Business Cycles ◽  
Business Cycle ◽  
Multiple Regression ◽  
Firm Value ◽  
Proposed Model ◽  
The Business Cycle

This study aims to verify the contribution of advertising expenditures to firm value. To reach this goal, we considered business cycles, which follow a stochastic process and may influence the decision as to the amount to be spent in advertising. With the optimization of these expenditures under the business cycle effect, it is, in fact, possible to analyze whether the results positively contribute to firm value. Data from US companies of the consumer staples sector from 1997 to 2008 were employed to test the proposed model through multiple regression and panel data. The results indicate favorable evidences which confirm the proposed model.

scholarly journals Labor Market Conditions and Partisan Voting: How Unemployment Hurts the Left

2020 ◽  
Author(s):  
Anton Brännlund
Keyword(s):  
Labor Market ◽  
Panel Data ◽  
Business Cycle ◽  
Unemployment Rate ◽  
Social Insurance ◽  
Social Spending ◽  
Left Wing ◽  
Market Conditions ◽  
Labor Market Conditions ◽  
The Business Cycle

Abstract Fluctuations in the labor market are a natural part of the business cycle, and they have attracted attention from political scientists for decades. Some scholars argue that left-wing parties benefit from rising rates of unemployment while others claim that voters rally behind conservative parties when the labor market weakens. I argue that the heterogeneous response of voters to a rise in the unemployment rate is due to differences in asset wealth. Put simply, the well-off have less need for social insurance, so they vote for conservative parties in order to put a cap on social spending when the unemployment rate rises; by contrast, asset-less voter opt for the left, with an eye to preserving their entitlements. I show with panel data from Swedish electoral districts that left-wing parties gain an electoral advantage when the local unemployment rate rises in less well-off areas, but they lose support when unemployment rises in wealthier districts.

Stock Returns and the Business Cycle

CFA Digest ◽  
2005 ◽  
Vol 35 (2) ◽  
pp. 42-43
Author(s):  
Daniel B. Cashion
Keyword(s):  
Business Cycle ◽  
Stock Returns ◽  
The Business Cycle

EXPANSIONS AND RECESSIONS IN THE MEXICAN STATES: A CLASSICAL BUSINESS CYCLES APPROACH

2017 ◽  
Vol 3 (5) ◽  
pp. 32
Author(s):  
Pablo Mejía-Reyes
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
Monthly Basis ◽  
Production Index ◽  
Clear Cut ◽  
Output Measure ◽  
Central Regions ◽  
The Business Cycle ◽  
National Business ◽  
Cycle Indicator

This paper aims to document expansions and recessions characteristics for 17 states of Mexico over the period 1993-2006 by using a classical business cycle approach. We use the manufacturing production index for each state as the business cycle indicator since it is the only output measure available on a monthly basis. According to this approach, we analyse asymmetries in mean, volatility and duration as well as synchronisation over the business cycle regimes (expansions and recessions) for each case. Our results indicate that recessions are less persistent and more volatile (in general) than expansions in most Mexican states; yet, there is no clear cut evidence on mean asymmetries. In turn, there seems to be strong links between the business cycle regimes within the Northern and Central regions of the country and between states with similar industrialisation patterns, although it is difficult to claim that a national business cycle exists.

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