The Business Cycle and the Entry of Third-Party Candidates in the State-Level Elections

2014 ◽  
Author(s):  
Yasushi Asako ◽  
Tetsuya Matsubayashi
Keyword(s):  
Business Cycle ◽  
State Level ◽  
The State ◽  
Third Party ◽  
The Business Cycle

Government spending shocks and economic growth: additional evidence from cyclical behavior of fiscal policy

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Olumide Olusegun Olaoye ◽  
Ukafor Ukafor Okorie ◽  
Oluwatosin Odunayo Eluwole ◽  
Mahmood Butt Fawwad
Keyword(s):  
Economic Growth ◽  
Business Cycle ◽  
Government Spending ◽  
Generalized Method Of Moments ◽  
The State ◽  
Fiscal Policies ◽  
Asymmetric Effect ◽  
Content Type ◽  
Spending Shocks ◽  
The Business Cycle

PurposeThis study examines the asymmetric effect of government spending on economic growth in Nigeria over the period 1980–2017. Specifically, this study investigates whether the response of economic growth to government spending shocks differs according to the nature of shocks on them. In addition, the authors examine whether the stabilizing effects of fiscal policies are dependent on the state of the business cycle.Design/methodology/approachThe study adopts the linear fiscal reaction function in addition to the nonlinear regression model of Hatemi-J (2011, 2012), Granger and Yoon (2002), which allows us to separate negative shocks from positive shocks to government spending. Similarly, the authors adopt the generalized method of moments (GMM) techniques of Hansen (1982) to account for simultaneity and endogeneity problems inherent in dynamic model.FindingsThe authors’ findings reveal that there is evidence of asymmetry in the government spending–economic growth nexus in Nigeria over the period of study. Specifically, the authors find that the response of economic growth to government spending shocks differs according to the nature of shocks on them. More specifically, the study established that the stabilizing effects of fiscal policies are dependent on the state of the business cycle.Originality/valueUnlike the traditional method of modeling asymmetry, which adopts the simple inclusion of a squared government spending term or by the inclusion of a cubic government spending term, the model adopted in this study allows us to model shocks and show how the responses of economic growth to government expenditure differ according to the nature of shocks on them.

Measuring How Fiscal Shocks Affect Durable Spending in Recessions and Expansions

2014 ◽  
Vol 104 (5) ◽  
pp. 112-115 ◽  
Author(s):  
David Berger ◽  
Joseph Vavra
Keyword(s):  
Business Cycle ◽  
Strong Evidence ◽  
Government Spending ◽  
Cost Model ◽  
The State ◽  
Fixed Cost ◽  
State Of The Economy ◽  
Theoretical Predictions ◽  
The Business Cycle ◽  
Fiscal Shocks

We estimate how durable expenditures respond to government spending shocks at different points in the business cycle using a nonlinear VAR approach that allows for the durable multiplier to vary smoothly with the state of the economy. We find strong evidence that the aggregate durable spending response to fiscal shocks is substantially larger during expansions than during recessions, in contrast to what has been has been observed for the aggregate multiplier. We argue that these results are consistent with the theoretical predictions of the fixed cost model of durable demand in Berger and Vavra (2012).

Impacts of Several Factors in Tourism Industry

2016 ◽  
pp. 239-246
Author(s):  
P. Premkanna
Keyword(s):  
Business Cycle ◽  
Corporate Performance ◽  
Hotel Industry ◽  
Tourism Industry ◽  
The State ◽  
Economic Conditions ◽  
Economic Climate ◽  
State Of The Economy ◽  
The Business Cycle

Generally all firms can operate only in the environment of the economy. The changes in corporate performance are closely related to expansion and contraction of the business cycle. The economic climate might have a greater impact on profits than the firm's performance within its industry. The corporate performance in the hotel industry may also rely on economic conditions. Thus, the significance of a firm is closely tied to the state of the economy (or economic climate).

scholarly journals Should the EMU stop enlarging?

2018 ◽  
Vol 65 (4) ◽  
pp. 459-477
Author(s):  
Tanja Broz
Keyword(s):  
Business Cycles ◽  
Business Cycle ◽  
Monetary Union ◽  
The State ◽  
Economic And Monetary Union ◽  
Eu Member States ◽  
Supply Shocks ◽  
The Business Cycle ◽  
New Eu Member States ◽  
Over Time

The aim of this research is to assess what would happen with the business cycle synchronization in the Economic and Monetary Union (EMU), if all new EU member states introduced the euro. In addition, the paper aims to explore how business cycle correlations have evolved over time. The assumption is that, if business cycles in the EMU members are not correlated and the state of integration remains as it is, the ECB?s one-size-fits-all policy will require members to follow policies which are politically difficult to implement. Hence, we are analyzing whether the EMU should stop accepting new entrants in order to stop deteriorating mutual business cycle correlation. Results based on correlations of shocks between the EMU and individual countries and their sizes show that correlation of supply shocks would remain relatively high if all members introduced the euro, but low correlation of demand shocks, different sizes of shocks and transmission of shocks still remain as significant problems.

scholarly journals Building State-Level Business Cycle Tracer Tools: Evidence from a Large Emerging Economy

2018 ◽  
Vol 10 (5) ◽  
pp. 14
Author(s):  
Jéfferson A. Colombo ◽  
Renan X. Cortes ◽  
Fernando I. L. Cruz ◽  
Luis H. Z. Paese
Keyword(s):  
Business Cycle ◽  
Developing Economies ◽  
State Level ◽  
Seasonal Adjustment ◽  
Macroeconomic Dynamics ◽  
Current State ◽  
Cross Correlation Analysis ◽  
Reliable Representation ◽  
The Business Cycle ◽  
Socioeconomic Data

Tracing business cycle movements in a timely way can help government, firms, and consumers to allocate resources efficiently in the economy. However, analytical systems designed to monitor the business cycles are hard to find, especially in state-level economies and in emerging markets. In this paper, we present the methodology of construction of the Business Cycle Tracer of the State of Rio Grande do Sul – Brazil (BCT-RS), a tool that focuses on the visualization of a key subset of financial and socioeconomic data and allows users to analyze the interrelationships and the co-movements of those variables over time. Specifically, we discuss our methodological procedure to select leading, coincident and lagging indicators, including seasonal adjustment, cycle extraction, cross-correlation analysis and detection of turning points. We also describe the three functionalities of the BCT-RS -- time series, table of variations and macroeconomic dynamics. Overall, our proposed system offers a reliable representation of the current state of the business cycle before information about GDP becomes available. Importantly, our framework is generalizable to other states, especially in developing economies.

scholarly journals The proceedings of Spanish Audiovisual Councils on discriminatory discourse

2021 ◽  
Vol 34 (4) ◽  
pp. 99-115
Author(s):  
Beatriz Herrero-Jiménez ◽  
Adolfo Carratalá
Keyword(s):  
Mass Media ◽  
Hate Speech ◽  
State Level ◽  
The State ◽  
Third Party ◽  
Vulnerable Groups ◽  
Regulatory Body ◽  
Public Television ◽  
Council Of Europe ◽  
Media Outlet

Mass media, and especially television, are powerful discursive instruments, responsible for the construction of social imagery through ideologically determined content. For this reason, the creation of a regulatory body with authority over the audiovisual sector in countries without one was urged by the Committee of Ministers of the Council of Europe in 2000. Spain is the only EU country without an audiovisual council with authority at the state level. Currently, only the Audiovisual Council of Catalonia (CAC), created in 2000, and the Audiovisual Council of Andalusia (CAA), which dates from 2004, operate in Spain. Within an environment increasingly marked by hate speech, this research analyzes the proceedings of the Andalusian and Catalan Audiovisual Councils between 2004 and 2019 as it pertains to discrimination against vulnerable groups. Every pronouncement made by both councils on potentially discriminatory discourses was retrieved (n=156). These were content analyzed by codifying, among others, the following variables: type of action, the source that motivated it, the disseminating media outlet, the evaluated content, the type of discrimination alleged, the decision taken, and the type of sanction imposed by the councils, as the case may be. The results indicate that most of the actions concerned involve discrimination against women, originate from third-party complaints and target content broadcast on public television.

scholarly journals Die Verwaltungshaftung zwischen Bund und Ländern bei der Ausführung der Bundesgesetze

2021 ◽  
Author(s):  
Angelika Milger
Keyword(s):  
State Level ◽  
The State ◽  
The Other ◽  
Third Party ◽  
Legal Basis ◽  
Federal Law ◽  
Federal Level ◽  
Legal Problems ◽  
German Constitution ◽  
Damage Claims

This thesis analyzes liability between the federal and the state in the execution of federal law in Germany. Under the German constitution the federal and the state level share the task of executing federal law. In doing so they may cause damages to each other. This may occur in the inccorrect administration of funds or taxes of the respective other federal level. Another example are third party damage claims for which the other federal level is liable vis-à-vis third parties. Suchs claim may easily reach high sums. The crucial legal basis for damage claims ist Art. 104a Sec. 5 Sentence 1 Part 2 GG. According to this provision the federal level and the state level shall be liable to one another for ensuring proper administration. This raises numerous legal problems that have not been solved yet.

Sign in / Sign up

Export Citation Format

Share Document