Business Commons^™

Misgivings In Measuring Happiness, Sudhanva Char

International Review of Business and Economics

According to a resolution of the UN General Assembly (Resolution 66/281), March 20^th is observed annually as International Day of Happiness. A nation’s overall success is measured by people’s happiness, the litmus test. The World Happiness Report (WHR) states there is consensus about measuring happiness, whereas, happiness is idiosyncratic and its connotation differs from culture to culture, language to language, and even person to person. Personal ‘space’ in all spheres matters, and so do democracy or dictatorship, all factors leading to mismeasures of happiness scores. And so, there are paradoxes in happiness rankings in WHR. Economists have yet to …

The Philippine Economy During The Japanese Occupation, Jasper Lem

Asian Studies: Student Scholarship & Creative Works

The economy of the Philippines was derailed by the Japanese occupation during World War II. As an American colony before World War II, the Philippines had close amicable ties with the United States highlighted by promises of independence on July 4th, 1946. The Philippines also maintained a beneficial economic relationship with the States at this time through extensive foreign trade. However, because of the Japanese invasion, the Philippine economy was robbed of this profitable foreign trade and the promise of independence, severely crippling the island nation and her morale. The first policies implemented by Japan were designed to control the …

Global Uncertainty And Economic Growth–Evidence From Pandemic Periods, Deepa Bannigidadmath, M. H. A. Ridhwan, Fiskara Indawan

Research outputs 2022 to 2026

This paper investigates whether global uncertainty predicts economic growth rates using a global sample of 136 countries. We use the panel regression model and find strong evidence that global uncertainty negatively predicts the economic growth rate. Further, the negative impact of global uncertainty on economic growth rates is amplified during pandemic periods versus non-pandemic periods. Our main findings hold after a range of robustness tests.

Impact Of Sports Gambling Legality On U.S. States’ Real Gdp Per Capita, Emilian Ardeljan

Williams Honors College, Honors Research Projects

This paper analyzes the impact of the Supreme Court’s decision in 2018 to allow states and Washington D.C. to implement state-sponsored sports gambling on that state’s real GDP per capita. In addition, this paper also analyzes if there is a statistically significant difference in the measures of the real GDP per capita between the various levels of legalization states have incorporated including retail-only, online-only, and fully legalized. The motivation for this research stems from the recent increase in the number of states that have legalized sports gambling to some degree as well as the growing popularity of the sports betting …

Skbi Big 5 Survey 2022 August, Singapore Management University

Sim Kee Boon Institute for Financial Economics

The latest survey results on the largest five economies (Big5) were revised markedly relative to the prior release (pre-Russia-Ukraine conflict), generally indicating weaker growth and higher inflation coupled with incremental ambiguity on the policy front.

The Bearing On Indian Frugality And Predicting Of Average Crude Oil Rates Since 1991 – A Study, Ahmad Khalid Khan, Syed Mohammad Faisal

Management Dynamics

In the past few years, the crude oil industry has seen so much volatility in terms of crude oil prices in the international oil market. In this research paper, we explore many aspects of the overall crude oil industry and its impact on the Indian economy, it is crucial to have an idea about price movements in order to ascertain demand and supply of crude oil. In this research paper researchers focus on the Box- Jenkins approach along with normal regression model required used for forecasting crude oil prices and its significant impact on the Indian economy (GDP) since LPG …

Skbi Big 5 Survey 2022 February, Singapore Management University

Sim Kee Boon Institute for Financial Economics

The latest survey results on the largest five economies (Big5), based on submissions prior to the ongoing Russia-Ukraine conflict, imply a more intricate growth, inflation and policy dynamic.

Part 5: A Deeper Dive Into The Blacksburg-Christiansburg Metropolitan Area, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

The Blacksburg-Christiansburg metropolitan statistical area includes the counties of Giles, Montgomery, and Pulaski as well as the independent city of Radford. Virginia Tech, with over 37,000 full-time equivalent students in the 2021–2022 academic year, is not only the largest employer in the metro area, but it continues to expand its reach across the Commonwealth. We highlight how the metro region has fared over the last decade and discuss the prospects for future growth.

Should India Lend To Gdh The Same Weight As To Gdp?, Sudhavna Char

International Review of Business and Economics

Growth for growth's sake goes against the grain of sustainable economics. It is not maintainable on the basis of full-cost pricing. The billing should include health and environmental costs, including charges for the exhaustion of natural resources, egregious disparities in wealth distribution, and increases in mental and physical sickness. Today’s material growth model transmutes many economic endeavors into preying on current and future generations. Unwittingly, the single-minded pursuit of growth without a global perspective has been resulting in loss of life and property, besides undermining prospects of life’s basics for upcoming generations. This is myopic, ignoring catastrophes hitting home. In …

Impact Of Macroeconomic Indicators On Non-Performing Loans In The Balkan Countries, Agnesa Krasniqi

UBT International Conference

Non-performing loans can be the result of a lack of sound lending policies, as well as a lack of sound credit judgment by management when approving loans. In addition to the bank's internal factors, the macroeconomic environment of a country can also affect the NPL. The NPL can be affected by the GDP of that country, then unemployment, inflation, etc. The purpose of this research is to extract the impact of macroeconomic indicators such as GDP, unemployment and inflation on non-performing loans of each country in the Balkan Peninsula.

The research was conducted through multivariate regression, whereas dependent variable we …

Skbi Big 5 Survey 2021 August, Singapore Management University

Sim Kee Boon Institute for Financial Economics

The latest survey results convey an upshift in growth projections of the five largest economies in aggregate accompanied by higher inflation, especially this year and to a lesser extent next year. The aggregate “Big5” median real GDP growth projections for 2021 and 2022 were raised to 6.7% (up in US, CN and EA but down in IN and JP) and 4.9% (all except US), respectively. The overall “Big5” median CPI inflation forecasts were nudged up to 2.6% (higher in US, IN and EA but lower in CN) and 2.4% (in US, IN and EA some), respectively, for this year and …

The Effects Of Population Diversity On The Economic And Household Welfare Of Metropolitan Areas In The U.S., Liria M. Litano

FIU Electronic Theses and Dissertations

The purpose of this paper was to understand the impact of population diversity on household and economic welfare in all the Metropolitan Statistical Area (MSA) in the United States of America (U.S.). We focused on positive views concerning the relationships between population diversity and factors such as human capital, knowledge, and innovation. We established economic growth factors using the Endogenous Growth Theory, which stated that human capital, innovation, and knowledge were significant contributors to economic growth (Romer, 1994). We argued that population diversity affected these contributors; therefore, it helped to create economic growth.

From a human capital perspective, population diversity …

Skbi Big 5 Survey 2021 February, Singapore Management University

Sim Kee Boon Institute for Financial Economics

The latest survey results suggest that the five largest economies collectively is projected to snapback to almost 6% in 2021, a modest upgrade from the August median, following an unprecedented preliminary contraction of roughly 4% last year (in real GDP terms). The 2022 median growth forecast of slightly above 4.5%, while slower, is still respectable, outstripping its pre-COVID 10-year average pace by more than half a percentage point. The aggregate upgrade in 2021, however, obscures the lopsided nature and highly uneven contour of the ongoing recovery. The bulk of the upward revision to growth was mainly due to IN (to …

The Impact Of The Capital Market, The Insurance Sector And The Mortgage Finance Sector On Economic Growth In Egypt, 2005-2019, Hana Anis

Theses and Dissertations

This thesis aims to explore the relationship between financial markets and economic growth in Egypt for the 15 years period, starting from 2005 to 2019. The study concentrates on the non-banking financial sector which includes the stock market, the debt market, the mortgage and the insurance sectors. The Vector Autoregressive (VAR) model is utilized to describe the relationship between GDP growth rate, as a proxy for economic growth, and a number of variables from the financial sector. Results of the analysis show that there is a significant relationship and statistical causality between the growth rate and the debt market, represented …

Stock Market Correlations To Economic Indicators, Anthony K. Quandt

Honors Theses

For this project, I researched how representative the S&P 500 (a common index of choice to represent the market) is of the economic well-being of the US. I found that stock market data can be used an as indicator of the economic well-being of the U.S.. The results do not indicate that the stock market leads to recovery, but it does suggest that it is correlated with recovery. In my analysis, I compared the S&P 500 performance to four different economic indicators: Real Gross Domestic Product (GDP), The Consumer Price Index (CPI), Average Weekly Private Wages, and Unemployment Rate. A …

The Effect Of Economic Growth On Co2 Emissions, Parker Jackson

Student Scholarship - College of Business

This study looked at the effect of economic growth on the CO2 emissions of each U.S. state. Data from all 50 states and Washington D.C. was collected from multiple sources across the years of 1990 to 2017. This data was tested using Ordinary Least Squares (OLS) regressions to test the hypothesis that there was a positive causation between the growth of the economy and an increase of CO2 Emissions. The results of this study were that there was a negative relationship between the growth of the economy, based on GDP per state, and the amount of CO2 emissions produced. However, …

Skbi Big 5 Survey 2020 August, Singapore Management University

Sim Kee Boon Institute for Financial Economics

The COVID-19 pandemic led to whopping downward revisions to 2020 real GDP growth among the Big5 economies, on average greater than 7%-points (ranging from roughly 3.5%-points for China to more than 10%-points for India). The forecast revisions to headline inflation were less sizable and more uneven, perhaps because of the confluence of supply and demand influences. The 2021 median GDP forecast is expected to turn positive overall, with a balanced risk assessment for most of the Big5 (but a coin toss in IN and US), but the growth reversal is likely to be highly uneven. While China regains its prior …

Health Is Wealth: The Correlation Of Wellness Programs & Productivity In Canada And The U.S., Madeline Wert

Business and Economics Summer Fellows

Does health impact the productivity of workers? Are there differences between the U.S. and Canada? Firms both in Canada and the U.S. deal with issues of presenteeism and absenteeism. Presenteeism is when an employee shows up to work but they are distracted by their own or a family member’s health issue. One response to reduce presenteeism and absenteeism are workplace wellness programs. Workplace wellness programs are facilitated programs by a firm to promote the health and wellbeing of their employees, which benefits the employer and the employees. There are additional incentives for U.S. employers to implement workplace wellness programs as …

When Pigs Fly: A Study On The H1n1 Virus, Femi Adetola

Business and Economics Presentations

In early 2009, a severe respiratory infection began to spread through the state of Veracruz, Mexico. Initially ruled an “outbreak”, it was officially declared an “epidemic” after evidence had shown that the virus had been present for months. From this it led to 12 months of panic and uncertainty around the globe. In this presentation I will look at what economic impact, if any, the H1N1 virus also known as Swine Flu had on the economy.

Super Bang For The Super Buck: An Economic Analysis Of Super Bowl Advertisements, Marissa Pownall

Business and Economics Presentations

Advertising has played an important role in television and has been widely used by a variety of different businesses to help increase their brand awareness as well as promoting their products. Specifically in the Super Bowl, established brands use this opportunity to reinforce themselves in the market. The average price of a 30-second Super Bowl Ad in 2020 was $5.6 million. This brings into question: What is the economic impact of Super Bowl advertisements on a company's revenue?

Skbi Big 5 Survey 2020 February, Singapore Management University

Sim Kee Boon Institute for Financial Economics

On balance, our overall read of the latest multiyear Big5 survey results implies the following economy-at-risk scale (least to most): India, US, Euro Area, Japan and China (i.e., India’s economy might be least at-risk, while China is deemed to be most at-risk). Broadly, survey participants expect the risk assessment to GDP growth to be skewed to the downside in 2020 followed by a more balanced backdrop in 2021. But participants seem to be more divided, with most responses favoring “downside” or/and “balanced” risks, on the 2022 growth environment. The risks to headline inflation in 2020, however, appear to be more …

A Study On Business Ethics In Corporate Social Responsibility, K. Khasimpeera, M Sugunatha Reddy Ph.D.

International Review of Business and Economics

Morals and Corporate Social Responsibility are perceived as significant worries in settling on choice in all parts of our life. What’s more, it’s adding to quicken the procedure of in generalimprovementofacountry.India being the second most crowded nation on the planet, and have the biggest number of individuals needing essential pleasantries call for progressively escalated endeavors as a major aspect of such activities in the medicinal services space of the country. We as a whole realize that individuals take part in business to win benefit. Be that as it may, making benefit isn’t the sole capacity of the business. It performs …

The Crude Oil Price Changes In The Recent Scenario And Its Impact On The Indian Economy, Y. Ebenezer

International Review of Business and Economics

The crude oil is the major raw material for oil product production in the globalization era. Changes of price will affect country’s economic growth and development. The aim of the study is to examine the Crude Oil Price changes and its impact on the Indian GDP in the recent scenario. To do the same, the study has applied secondary data, statistical tools like chart, the table, graph, correlation and descriptive analysis to show the changes of crude oil price and country’s GDP during the study period. The study reveals that the annual percentage price of crude oil has been increased …

An Analysis Of The Asymmetric Effect Of Fiscal Policy On Economic Growth In Pakistan: Insights From Non-Linear Ardl, Ibrar Hussain, Muhammad Rafiq, Zahoor Khan

Business Review

This paper evaluates the current state of monetary and non-monetary rewards systems in place in the UK banking sector in an attempt to identify reasons for the preference of monetary rewards over non-monetary rewards. Data was collected from two banks, LLOYDS TSB and Royal Bank of Scotland. The selection of these two banks emanates from their recent bonus crises and the fact that they are both part nationalised, hence the need for a prudent reward system. Questionnaires were used to obtain data and the Evidence Based Reward Management (EBRM) methodology was used to highlight the effectiveness as well as the …

Can Fundamental Accounting Analyses Be Used To Explain Macroeconomic Conditions?, Bryanna Marie Richardson

Honors Theses and Capstones

No abstract provided.

Si Ndikon Rritja Ekonomike (Gdp) Në Lumturinë E Kosovës, Loreta Zeqiri

Theses and Dissertations

Lumturia është një gjë vështirë e kuptuar dhe gjithashtu shumë vështirë për t'u mbajtur. Shkencëtarët, ekonomistët dhe filozofët e kanë përkufizuar atë ndër epoka si një kombinim i gjërave të ndryshme, midis tyre shëndeti, pasuria, shoqërimi dhe siguria. Indekse të ndryshme përpiqen të rendisin vendet më të lumtura në botë mbi baza vjetore. Raporti i Lumturisë Botërore nga Rrjeti i Zgjidhjeve të Zhvillimit të Qëndrueshëm të KB (SDSN) është veçanërisht interesante pasi rendit 156 vende sipas asaj se sa të lumtur qytetarët e tyre e perceptojnë veten. SDSN punëson një grup ndërkombëtar të ekonomistëve, neuroshkencëtarëve dhe statistikës për të anketuar …

China's Unethical Economic Development Practices, Kimberly A. Madsen

The Hilltop Review

The purpose of this research paper is to inform the public about some of the unethical economic development practices that China is performing with their citizens and global partners. These activities include escalating the national GDP at the detriment of their citizens through forced relocations in order to build new cities, dividing families with harmful public policies, and the imbalance between their citizens’ annual earnings and housing costs. Also discussed is the environmental pollution of the air, water, and soil, and poorly treating their international constituents when asked to provide consulting services to their nation.

Skbi Big 5 Survey 2019 August, Singapore Management University

Sim Kee Boon Institute for Financial Economics

On balance, our overall interpretation of the multiyear Big5 survey results implies the following economy-at-risk scale (least to most): India, China, US, Japan and Euro Area (i.e., India’s economy appears to be the least at-risk, while the Euro Area might be the most at-risk). Broadly, survey participants expect the risks to GDP growth to be tilted to the downside in 2019 and 2020 followed by a more balanced growth environment in 2021. But participants seem to lean toward a more balanced risk assessment on headline inflation from 2019 through 2021, with the exception of the Euro Area, where a modest …

Given Today's New Wave Of Protectionsim, Is Antitrust Law The Last Hope For Preserving A Free Global Economy Or Another Nail In Free Trade's Coffin?, Allison Murray

Loyola of Los Angeles International and Comparative Law Review

No abstract provided.

Gold Mining And Economic Performance In Africa And The Case Of Ghana, Josephine Amponsem

Dissertations, Master's Theses and Master's Reports

Based on the statistical analysis of 920 observations covering forty-six countries during the 1997 to 2016 period, this study investigates the impact of goldmining on the economic performance of African nations while paying particular attention to the case of Ghana. It employs the GDP’s output approach to evaluate the role that gold production may have played on GDP growth at the aggregate and per capita levels, as well as potential spillover effects across the services, industry and agriculture sectors. The empirical results for the African economies as a whole as well as for the country of Ghana in particular, suggest …