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Full-Text Articles in Social and Behavioral Sciences

Does Dollarization Have An Impact On Economic Growth?, Jorge Robinson Mar 2024

Does Dollarization Have An Impact On Economic Growth?, Jorge Robinson

Research Day

Many developing and undeveloped countries, grappling with issues such as hyperinflation, corruption, high unemployment rates, poverty, and financial instability, often view dollarization as a potential solution. Dollarization involves adopting the US currency as the official or parallel currency, a strategy observed in countries like El Salvador, Ecuador, and Zimbabwe. The purpose of this research is to compare the impact of dollarization on real gross domestic product (RGDP) to that of countries that did not adopt dollarization. My results indicate that dollarization does indeed affect economic growth. These findings demonstrate that dollarized countries experience a higher percentage change in RGDP compared …

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Nebraska Monthly Economic Indicators: March 27, 2024, Eric Thompson Mar 2024

Nebraska Monthly Economic Indicators: March 27, 2024, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator-Nebraska rose by a very rapid 3.48% in February 2024. The increase in the leading indicator, which is designed to predict economic growth six months into the future, implies that there will be strong growth in the Nebraska economy during the summer of 2024. Three components of the leading indicator improved significantly during February. There was a sharp increase in manufacturing hours worked, given the continued strong demand for food products. Business expectations also were strong. Respondents to the February Survey of Nebraska Business reported plans to increase sales and employment over the next six months. The …

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The Safety Net Should Work For Working Age Adults, Lauren Bauer Mar 2024

The Safety Net Should Work For Working Age Adults, Lauren Bauer

Brookings Scholar Lecture Series

This lecture focuses attention on a population that is ill-served by the safety net but rarely acknowledged: low-income, working-age adults without dependents or government-determined disabilities. In this lecture, Brookings Scholar Lauren Bauer, a former Special Assistant in the Office of the Secretary at the US Department of Education, argues that a safety net that is inaccessible to ABAWDs (able-bodied adults without dependents) fails to recognize the precarious state of the low-wage labor market or how safety-net programs allow these workers to remain in the workforce. By modernizing the parameters of who qualifies for access to safety-net programs, assistance can be …

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Cross-Cousin Marriage Among Tsimane Forager–Horticulturalists During Demographic Transition And Market Integration, Arianna Dalzero, Bret A. Beheim, Hillard Kaplan, Jonathan Stieglitz, Paul L. Hooper, Cody T. Ross, Michael D. Gurven, Dieter Lukas Mar 2024

Cross-Cousin Marriage Among Tsimane Forager–Horticulturalists During Demographic Transition And Market Integration, Arianna Dalzero, Bret A. Beheim, Hillard Kaplan, Jonathan Stieglitz, Paul L. Hooper, Cody T. Ross, Michael D. Gurven, Dieter Lukas

ESI Publications

Although still prevalent in many human societies, the practice of cousin marriage has precipitously declined in populations undergoing rapid demographic and socioeconomic change. However, it is still unclear whether changes in the structure of the marriage pool or changes in the fitness-relevant consequences of cousin marriage more strongly influence the frequency of cousin marriage. Here, we use genealogical data collected by the Tsimane Health and Life History Project to show that there is a small but measurable decline in the frequency of first cross-cousin marriage since the mid-twentieth century. Such changes are linked to concomitant changes in the pool of …

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[Discussions] Vol. 19 Iss. 1 Mar 2024

[Discussions] Vol. 19 Iss. 1

Discussions

This issue of Discussions was published for the Spring 2023 cycle.

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U.S. Public Equity Esg Fund Composite And Parnassus Core Equity Fund: Performance And Factor Attribution, Karthik Nemani, Barrett Buhler Mar 2024

U.S. Public Equity Esg Fund Composite And Parnassus Core Equity Fund: Performance And Factor Attribution, Karthik Nemani, Barrett Buhler

Discussions

This is the first paper to examine all U.S. public equity Environmental, Social, and Governance (ESG) funds offered by the Forum for Sustainable and Responsible Investment’s (SIF) institutional member firms from 2005 to 2020. For ease of communication, this will be called the ESG Composite. With a Net Asset Value (NAV) over $150 billion, these funds comprise nearly half of the U.S. public equity ESG investment landscape. The article finds that the ESG Composite maintains performance with the Standard and Poor’s (S&P) 500 total return index on an overall returns basis with lower volatility, indicating greater risk-adjusted returns. Factor analysis …

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Historical Perspectives In Volatility Forecasting Methods With Machine Learning, Zhiang Qiu, Clemens Kownatzki, Fabien Scalzo, Eun Sang Cha Mar 2024

Historical Perspectives In Volatility Forecasting Methods With Machine Learning, Zhiang Qiu, Clemens Kownatzki, Fabien Scalzo, Eun Sang Cha

Seaver College Research And Scholarly Achievement Symposium

Volatility forecasting in the financial market plays a pivotal role across a spectrum of disciplines, such as risk management, option pricing, and market making. However, volatility forecasting is challenging because volatility can only be estimated, and different factors influence volatility, ranging from macroeconomic indicators to investor sentiments. While recent works suggest advances in machine learning and artificial intelligence for volatility forecasting, a comprehensive benchmark of current statistical and learning-based methods for such purposes is lacking. Thus, this paper aims to provide a comprehensive survey of the historical evolution of volatility forecasting with a comparative benchmark of key landmark models. We …

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An Investigation Of The Validity Of A Framework Constructed To Predict And Facilitate Upward-Stability, Timothy Streett Mar 2024

An Investigation Of The Validity Of A Framework Constructed To Predict And Facilitate Upward-Stability, Timothy Streett

Graduate Theses, Dissertations, and Capstones

This study is an investigation of the validity of the theoretical assumptions of a programming model which posits that it is not income but rather a collection of personality and dispositional constructs which provide the foundation of an economically stable life, and that empowering those in poverty to improve their economic situation must begin with these constructs or will be a failed effort. The author provides a review of significant literature supporting the idea that these constructs are associated with better outcomes in many aspects of life. The author then provides original investigative research utilizing a self-administered, 40 item agree/disagree …

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Payments As A Tool For Policy, Aaron Klein Mar 2024

Payments As A Tool For Policy, Aaron Klein

Brookings Scholar Lecture Series

What are the implications of using payment systems to enforce foreign policy (against Russia, Iran, Cuba, etc...) and domestic policy (on-line poker, cannabis, etc..)? What are the long-term ramifications for the United States, with its dominant status as a global financial system and home to the world reserve currency, using payment systems to achieve its political objectives? In this lecture, Brookings Institution scholar and former deputy assistant secretary for economic policy at the Department of Treasury, Aaron Klein discusses the pros, cons, and intended and unintended consequences of our current system. He proposes a path forward to maximize economic growth …

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Challenges And Countermeasures For Lithium Resources In China And Analysis Of Global Distribution And Industry Status, Lirong Dou, Huaqing Liu, Dekuan Chang Mar 2024

Challenges And Countermeasures For Lithium Resources In China And Analysis Of Global Distribution And Industry Status, Lirong Dou, Huaqing Liu, Dekuan Chang

Bulletin of Chinese Academy of Sciences (Chinese Version)

With the rapid development of the global new energy industry, the strategic significance of lithium mineral resources is becoming increasingly pronounced. As a crucial material essential to the primary sectors of electric vehicles and energy storage batteries, the security of the lithium supply chain directly influences the industrial and economic development of the country. Global lithium resource reserves are primarily concentrated in several key countries, including Chile, Argentina, Bolivia, and Australia. Although China possesses a significant amount of lithium reserves, it faces challenges such as high mining difficulty, stringent environmental protection regulations, and low ore grades. These factors contribute to …

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New Situation And Risk Coping Strategy Of Supply Chain Security Of Lithium Battery Industry Chain In China, Peng Du, Xuhua Qiu, Yusen Bai, Dong Guo Mar 2024

New Situation And Risk Coping Strategy Of Supply Chain Security Of Lithium Battery Industry Chain In China, Peng Du, Xuhua Qiu, Yusen Bai, Dong Guo

Bulletin of Chinese Academy of Sciences (Chinese Version)

Lithium battery industry is the core of supporting modern energy transformation and technological innovation of traffic electrification. In recent years, China’s lithium battery industry chain and supply chain security is facing new situations such as international trade and geopolitical conflicts, core technology dependence, and changes in domestic investment and financing environment. Based on the perspective of global supply chain management and industrial technology innovation, this study systematically analyzes the supply chain security of lithium battery industry chain in China, discusses the necessity of strategic cooperation of resources worldwide, independent innovation of technology, and optimization of supply chain management, and puts …

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Build Regional Strategic Emerging Industry Selection System For Major Scientific And Technological Infrastructure: Structural Framework And Practical Consideration, Lingling Zhang, Congli Huang, Feite Zhou, Xiang Xu, Long Liu Mar 2024

Build Regional Strategic Emerging Industry Selection System For Major Scientific And Technological Infrastructure: Structural Framework And Practical Consideration, Lingling Zhang, Congli Huang, Feite Zhou, Xiang Xu, Long Liu

Bulletin of Chinese Academy of Sciences (Chinese Version)

Under the circumstances of a new wave of scientific and technological revolution and industrial transformation, it has become imperative for the government’s industrial planning to effectively integrate regional resources with scientific and technological innovation capabilities, identify suitable regional strategic emerging industries, and establish clear directions for industrial development. Drawing on various classical theories of industrial selection from the perspectives of industrial economics and management, this research comprehensively considers six dimensions: technical support capacity of facilities, potential for industrial upgrading, regional resource endowment, social demands, government, and opportunities. Based on the Porter Diamond Model, a robust system is developed to select …

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Comparison Of Open Sharing Modes Of Foreign Large-Scale Scientific Facilities And Implications For China, Dacheng Song, Shuai Xiao, Tianming Li, Ke Wen, Dingyi You, Chen Zhang, Qiang Wei, Runtong Guo Mar 2024

Comparison Of Open Sharing Modes Of Foreign Large-Scale Scientific Facilities And Implications For China, Dacheng Song, Shuai Xiao, Tianming Li, Ke Wen, Dingyi You, Chen Zhang, Qiang Wei, Runtong Guo

Bulletin of Chinese Academy of Sciences (Chinese Version)

The open sharing of large-scale scientific facilities plays a pivotal role in the ecosystem of open science. This is of great significance for promoting the development of science and technology, enhancing innovation cooperation, and boosting the overall competitive strength of nations. Starting from two dimensions of resource scarcity and sustainability, this study systematically sorts out four open sharing modes of large-scale scientific facilities: the public and inclusive sharing mode, the market response sharing mode, the intensive guarantee sharing mode, and the Strategic Cooperation Sharing Mode. Through the comparison analysis of four foreign large-scale scientific facilities, the study further elaborates the …

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Smart Agricultural Development Model With Science And Technology Facilitated Rural Revitalization In Southern China, Yucheng Zhang, Wei Wu, Feng Dai, Lei Li, Shuqin Gao, Xingang Zhao Mar 2024

Smart Agricultural Development Model With Science And Technology Facilitated Rural Revitalization In Southern China, Yucheng Zhang, Wei Wu, Feng Dai, Lei Li, Shuqin Gao, Xingang Zhao

Bulletin of Chinese Academy of Sciences (Chinese Version)

Rural revitalization is a major task in realizing the great rejuvenation of the Chinese nation. Agriculture is the foundation of rural areas, and developing smart agriculture is an important means to realize rural revitalization. The southern hilly and mountainous areas are the concentrated distribution areas of land desertification in China, with obvious disadvantages in agricultural infrastructure, large poverty areas, and deep poverty levels. They are the “hard bones” that are difficult to tackle in rural revitalization in China. In the important period of consolidating and expanding the achievements of poverty alleviation and continuously promoting rural revitalization, under the background of …

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Searching Govinfo.Gov/, Bert Chapman Mar 2024

Searching Govinfo.Gov/, Bert Chapman

Libraries Faculty and Staff Presentations

This U.S. Government Publishing Office (GPO) database provides access to information legal, legislative, and regulatory information produced on multiple subjects by the U.S. Government. Content includes congressional bills, congressional committee hearings and prints (studies), reports on legislation, the text of laws, regulations, and executive orders and multiple U.S. Government information resources covering subjects from accounting to zoology.

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An Economic Advocacy Approach To Empower Rural Victims Of Gender-Based Violence: A Review Of The Literature, Loganne Ditter, Ziwei Qi Mar 2024

An Economic Advocacy Approach To Empower Rural Victims Of Gender-Based Violence: A Review Of The Literature, Loganne Ditter, Ziwei Qi

Academic Leadership Journal in Student Research

Gender-based violence (GBV) has devastating effects on survivors’ mental, emotional, psychological, physical, and financial well-being. In rural communities, cultural stigma, isolation, lack of services, economic deprivation, and poverty can create additional barriers for survivors to seek help and leave their abusive relationships. Economic advocacy is a survivor-centered approach that addresses poverty and economic insecurity in ending GBV and empowers individuals and communities with the necessary resources and skills. In this review article, the researchers aim to identify survivors’ unique challenges in rural communities, especially in economic hardship and financially dire situations. While the empirical research examined in this review has …

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Twenty Years Of The Application Of Rooney Rule And Diversity Practices In The Nfl Workplace, David M. Savino Mar 2024

Twenty Years Of The Application Of Rooney Rule And Diversity Practices In The Nfl Workplace, David M. Savino

Journal of the North American Management Society

While the inception of the Rooney Rule has been generally applauded in its intention, the results achieved have been less than noteworthy. In the 20 years since its inception and application in team searches for head coaches of the National Football League, the outcome may be a true sign of the difficulty associated with creating fair and equitable job opportunities in any workplace. Also, there has been a long-standing and deeply entrenched system that has been in place, especially in the sports world, to ensure little change in the overall system. This has not only been true for the sports …

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Working Remotely And Corporate Culture Wars In The Post-Pandemic Era, David M. Savino, Danielle C. Foster Mar 2024

Working Remotely And Corporate Culture Wars In The Post-Pandemic Era, David M. Savino, Danielle C. Foster

Journal of the North American Management Society

Organizational culture is a sacred element of any organization. It is the lifeblood and the guiding force that makes each organization unique in its ability to navigate day-to-day and longer-term perspectives of corporate operations. Strong cultures help identify direction and philosophy and provide confidence in how to proceed to pursue innovative ideas and solve problems. Since 2020, the core value and the strength of many organizational cultures have been tested as a result of the increased reliance on working remotely and the adoption of a hybrid model of business operations not previously utilized to a great degree. While many survived …

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The Long-Run Impacts Of Public Industrial Investment On Local Development And Economic Mobility: Evidence From World War Ii, Andrew Garin, Jonathan Rothbaum Mar 2024

The Long-Run Impacts Of Public Industrial Investment On Local Development And Economic Mobility: Evidence From World War Ii, Andrew Garin, Jonathan Rothbaum

Upjohn Institute Working Papers

This paper studies the long-run effects of government-led construction of manufacturing plants on the regions where they were built and on individuals from those regions. Specifically, we examine publicly financed plants built in dispersed locations outside of major urban centers for security reasons during the United States’ industrial mobilization for World War II. Wartime plant construction had large and persistent impacts on local development, characterized by an expansion of relatively high-wage manufacturing employment throughout the postwar era. These benefits were shared by incumbent residents; we find men born before WWII in counties where plants were built earned $1,200 (in 2020 …

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Good Times, Politics, And Collapse: The Archaeology Of Old St. Joseph, Florida, Christopher N. Hunt Mar 2024

Good Times, Politics, And Collapse: The Archaeology Of Old St. Joseph, Florida, Christopher N. Hunt

USF Tampa Graduate Theses and Dissertations

The town of St. Joseph, established in 1835, served as a deep-water port for receiving and shipping dry goods up the Apalachicola River north along the vast network of navigable inland waterways in the southeastern U.S. during the early nineteenth century. Unfortunately, this town was hit with a yellow fever epidemic, a fire, and a series of hurricanes that, combined with the infancy of its cotton trade activities, eventually devastated its economy and population. The town disappeared by 1842, only much later to be replaced by modern Port St. Joe (est. 1909), located north of the original settlement. However, St. …

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Employer Market Power In Silicon Valley, Matthew Gibson Mar 2024

Employer Market Power In Silicon Valley, Matthew Gibson

Upjohn Institute Working Papers

Adam Smith alleged that employers often secretly combine to reduce labor earnings. This paper examines an important case of such behavior: illegal no-poaching agreements through which information-technology companies agreed not to compete for each other’s workers. Exploiting the plausibly exogenous timing of a U.S. Department of Justice investigation, I estimate the effects of these agreements using a difference-in-difference design. Data from Glassdoor permit the inclusion of rich employer- and job-level controls. On average the no-poaching agreements reduced salaries at colluding firms by 5.6 percent, consistent with considerable employer market power. Stock bonuses and job satisfaction were also negatively affected.

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Work Organization And High-Paying Jobs, Dylan Nelson, Nathan Wilmers, Letian Zhang Mar 2024

Work Organization And High-Paying Jobs, Dylan Nelson, Nathan Wilmers, Letian Zhang

Upjohn Institute Working Papers

High-paying factory jobs in the 1940s were an engine of egalitarian economic growth for a generation. Are there alternate forms of work organization that deliver similar benefits for frontline workers? Work organization varies by type of complexity and degree of employer control. Technical and tacit knowledge tasks receive higher pay for signaling or developing human capital. Higher-autonomy tasks elicit efficiency wages. To test these ideas, we match administrative earnings to task descriptions from job postings. We then compare earnings for workers hired into the same occupation and firm, but under different task allocations. When jobs raise task complexity and autonomy, …

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Employment Effects Of Minimum Wage Changes Across Regions, Age Groups, And Sectors, Aleksandra Majchrowska, Pawel Strawinski Mar 2024

Employment Effects Of Minimum Wage Changes Across Regions, Age Groups, And Sectors, Aleksandra Majchrowska, Pawel Strawinski

Journal of Banking and Financial Economics

Increases in minimum wages in many developed and developing economies in recent years raise the question of whether and how they impact employment. We analyze the employment effects of minimum wage increases for different age groups of workers simultaneously. We construct a panel using three-dimensional cells formed by three age groups, two economic sectors, and 16 regions, separately for each year. We use individual data on employee and employer characteristics from the Structure of Earnings Survey and aggregated data from the Local Data Bank in Poland. The research period covers 2006–2020. Our results confi rm the differences in employment elasticity …

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Cross Country Heterogeneity Of Procyclicality Of Bank Loans: Evidence From Oecd Countries Using The Sure Model, Mateusz Pipień, Abhisek Anand Mar 2024

Cross Country Heterogeneity Of Procyclicality Of Bank Loans: Evidence From Oecd Countries Using The Sure Model, Mateusz Pipień, Abhisek Anand

Journal of Banking and Financial Economics

Procyclicality of credit supply, which refers to the simultaneous movement of credit issued to the non-financial sector alongside economic activity indicators, can create a destabilizing feedback loop between the banking system and the real economy. The impact of credit supply on the financial and real sectors may vary across different economies, and the interconnectedness between countries can magnify the effect. We conducted research examining procyclicality of loans provided by banks, analyzing data at the country level for 13 OECD countries for over 16 years (2005–2020). Our research findings indicate that the parameters measuring the procyclical effect are statistically insignificant when …

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Comparison Of The Financial Market Conditions In Poland And Selected Countries During The Pandemic And The Russian-Ukrainian War, Dorota Żebrowska-Suchodolska, Andrzej Karpio Mar 2024

Comparison Of The Financial Market Conditions In Poland And Selected Countries During The Pandemic And The Russian-Ukrainian War, Dorota Żebrowska-Suchodolska, Andrzej Karpio

Journal of Banking and Financial Economics

The initial period of the COVID-19 pandemic and the outbreak of the Russian-Ukrainian war had a significant impact on financial markets. The aim of the work is to analyse the behaviour of selected segments of the Polish financial market in the initial period of the pandemic and war. The research is based on two measures of risk, relative and absolute. The research covers the period from 24 February 2022 to 22 August 2022. The research focuses on segments of the Warsaw Stock Exchange through the analysis of the following indices: WIG, WIG20, mWIG40, sWIG80, NCIndex, industry indices, and the TBSP …

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Corporate Philanthropy In Shaping The Financial Efficiency Of Cooperative Banks In Poland – Empirical Research, Marta Idasz-Balina, Rafał Balina, Adam Zając, Krzysztof Smoleń Mar 2024

Corporate Philanthropy In Shaping The Financial Efficiency Of Cooperative Banks In Poland – Empirical Research, Marta Idasz-Balina, Rafał Balina, Adam Zając, Krzysztof Smoleń

Journal of Banking and Financial Economics

The aim of the study is to establish and analyze the relationship between expenditure on corporate philanthropy and fi nancial performance of cooperative banks in Poland. The study covered 70 cooperative banks, where the level of expenditure on social activities was above the average in the sector. The research was carried out using the Generalized Method of Moments for the years 2013–2020. Studies have shown positive importance of corporate philanthropy in shaping fi nancial effi ciency. The research also indicated a signifi cant shift in the time between spending on social activities and the fi nancial results obtained. The obtained …

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Health Care Costs Among Patients With Hematologic Malignancies Receiving Allogeneic Transplants: A Us Payer Perspective, Richard Maziarz, Usama Gergis, Marie Louise Edwards, Yan Song, Qing Liu, Annika Anderson, James Signorovitch, Rocio Manghani, Ronit Simantov, Heayoung Shin, Smitha Sivaraman Mar 2024

Health Care Costs Among Patients With Hematologic Malignancies Receiving Allogeneic Transplants: A Us Payer Perspective, Richard Maziarz, Usama Gergis, Marie Louise Edwards, Yan Song, Qing Liu, Annika Anderson, James Signorovitch, Rocio Manghani, Ronit Simantov, Heayoung Shin, Smitha Sivaraman

Department of Medical Oncology Faculty Papers

Patients with hematologic malignancies undergoing allogeneic hematopoietic cell transplant (allo-HCT) require extensive care. Using the Merative MarketScan Commercial Claims and Encounters database (2016 Q1-2020 Q2), we quantified the costs of care and assessed real-world complication rates among commercially insured US patients diagnosed with a hematologic malignancy and aged between 12 and 64 years undergoing inpatient allo-HCT. Health care resource use and costs were assessed from 100 days before HCT to 100 days after HCT. Primary hospitalization was defined as the time from HCT until first discharge date. Incidence of complications was assessed using medical billing codes from HCT date to …

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Long-Term Relationship Of Kghm Share Prices And The Market Value Of High Grade Copper, Rafał Zbyrowski Mar 2024

Long-Term Relationship Of Kghm Share Prices And The Market Value Of High Grade Copper, Rafał Zbyrowski

Journal of Banking and Financial Economics

The aim of the article is to try to explain the long-term price volatility of KGHM shares. Therefore the paper presents the relationship between KGHM stock prices and High Grade copper prices. The empirical part of the paper uses econometric cointegration analysis. Based on the estimated models, the thesis of the existence of a long-run relationship between the studied variables was confi rmed. Within the framework of econometric analyses, Johansen and Engle- Granger procedures and the Granger test of causality were applied. The study was conducted using monthly data covering quotes from August 2012 to April 2021. In the end, …

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Optimization Of Banks’ Value – Practical Challenges, Jan Koleśnik, Jacek Nadolski Mar 2024

Optimization Of Banks’ Value – Practical Challenges, Jan Koleśnik, Jacek Nadolski

Journal of Banking and Financial Economics

The aim of the article is to verify the conceptual model of integrated optimization of a bank’s value, which enables the integration of the risk management process with business processes while maintaining compromise between the safety (stability) of a bank’s operations and striving to maximize its value. The model is an attempt at a comprehensive solution to such dilemmas as shaping a bank’s value ex ante, not ex post. Verifi cation of the model has shown that the model works in accordance with the adopted assumptions and leads to the achievement of the basic goal for which it was constructed. …

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Technology And The Global Economy, Jonathan Eaton, Samuel Kortum Mar 2024

Technology And The Global Economy, Jonathan Eaton, Samuel Kortum

Cowles Foundation Discussion Papers

Interpreting individual heterogeneity in terms of probability theory has proved powerful in connecting behaviour at the individual and aggregate levels. Returning to Ricardo's focus on comparative efficiency as a basis for international trade, much recent quantitative equilibrium modeling of the global economy builds on particular probabilistic assumptions about technology. We review these assumptions and how they deliver a unified framework underlying a wide range of static and dynamic equilibrium models.

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