Articles tagged with Market Economics
The US Census Bureau's economic census, conducted every five years, will now use the North American Product Classification System (NAPCS) to standardize vital economic statistics. This change aims to improve data precision and provide businesses with a sense of confidence in measurement accuracy.
A recent study maps the global trade routes for lobster, revealing that a growing number of nations are acting as middlemen, making it difficult to trace seafood origins and anticipate market demand changes. The Asian market, particularly China, appears to be significantly larger than previously thought, putting Maine's industry at risk.
Nuclear power's contribution to US energy is expected to decline over several decades due to a lack of advanced reactor designs and economically viable small modular reactors. Researchers warn that decarbonization efforts will be hindered without significant policy changes.
John Osburg's research reveals how economic reforms and anti-corruption campaigns foster corrupt business networks in post-Mao China. The study shows that elite networks use ritualized leisure activities to establish guanxi ties, which serve a purpose beyond mere entertainment or business transactions.
Dilip Soman, a leading behavioral economics expert, has been awarded the Canada Research Chair in Behavioral Science and Economics. He will use his research to inform social policy and improve consumer wellbeing through behavioral change.
Researchers analyzed the effects of socialist Salvador Allende's electoral victory and subsequent nationalizations, finding a significant decrease in firm values. A second 'institutional shock' occurred with the coup that replaced Allende with Augusto Pinochet's autocratic rule, leading to a surge in stock market values.
A study found that altruist motivations and environmental knowledge significantly influence pro-environmental behavior in university students. The research suggests that educational programs adapted to the motivations of each gender are crucial for increasing effectiveness.
Kimberly L. Jensen, a professor at the University of Tennessee Institute of Agriculture, has received the SAEA's Lifetime Achievement Award for her significant contributions to agricultural economics and Southern agriculture. She is recognized for her research interests in bioenergy economics, agribusiness, and environmental labeling.
Mathematicians at National Research University Higher School of Economics have found a link between earthquakes and currency jumps, using the Japanese ETAS approach. This method predicts financial risks with 40% accuracy, comparable to traditional econometric models.
David Hughes and his team received an Honorable Mention for their work on The Economics of Local Food Systems: A Toolkit to Guide Community Discussions, Assessments and Choices. The toolkit aims to provide standardized evaluations of food systems, leading to better-informed policy decisions.
A new tool has been developed to evaluate a worker's skillset and determine its impact on wages. Workers with diverse, combined skills tend to earn higher wages. The tool helps job searchers better position themselves in the market by providing a better way to characterize worker skill sets.
A recent study found that foreign direct investments reduce the negative impact of recessions on Russian companies. The research analyzed over 1,000 public companies and discovered that linkages with foreign partners alleviate the effects of economic downturns.
Researchers at the University of Luxembourg found that the financial press can have a significant impact on investor behavior and opinions. The experiment showed that positive news coverage led to a positive evaluation of stocks, while negative coverage had the opposite effect.
Researchers found that Twitter posts can predict football match outcomes by analyzing tone and sentiment, particularly after significant events like goals and red cards. Combining this information with betting market prices improves forecast accuracy, with a potential bettor earning an average return of 2.28%.
The participation of women in the labor force has nearly doubled since 1950, benefiting everyone, including men, with average wages increasing as a result. Women bring important skills and perspectives to businesses, making them more productive and competitive.
Research finds that people tend to lean more economically conservative when they're angry, as anger enhances support for economic conservatism by making them more competitive. Additionally, studies show that being reminded of gratitude can lead to more economically liberal responses.
A new study on Brazil's labor market reveals that workers in industries facing increased competition from imports experience stagnant wages and employment growth for 15 years. The research found that the costs of freer trade are unevenly distributed across regions, with differences growing over time.
The American workforce faces high levels of physical and emotional demands, including long work hours, unpleasant working conditions, and a lack of control over schedules. Despite these challenges, many workers report feeling supported by their bosses and colleagues.
Researchers found chimpanzees stop grooming sooner when a higher-ranking chimp is nearby, suggesting they prioritize benefits over social interactions. This challenge to the 'relationship model' theory supports the 'biological markets' approach, which emphasizes economic incentives in primate social behavior.
The art market price index, compiled by Prof. Roman Kräussl, shows a significant decline in post-war and contemporary art prices, with a 21% drop in 2016. This confirms a burst of the market bubble, which had been growing since 2009.
A study by University of Luxembourg researchers found that press freedom positively impacts stock market volatility, leading to greater economic growth. Countries with high press freedom experience more frequent price jumps, but ultimately benefit from improved information processing and decision-making.
A study by University of Vermont researchers found that banks enjoy a significant edge over investors due to their superior access to local private information. Banks can quickly adapt to new information and withdraw capital or invest more heavily in targeted areas, giving them a major advantage. In contrast, direct investors face limi...
A new Duke-led analysis reveals that hypoxic dead zones in the Gulf of Mexico drive up the price of large shrimp relative to smaller sizes, causing economic ripples for consumers, fishermen, and seafood markets. The study provides the first evidence linking Gulf hypoxia to economic impacts.
A Dartmouth-led study published in Sociology of Education found that college completion rates, not student loan debt, are more strongly associated with the 'boomeranging' effect. Black youths who take on debt face a higher risk of returning home due to limited access to fair credit and economic strain.
Researchers have applied physics models to understand economic systems, but results show that universal features may be the exception rather than the rule. Econophysics has led to discoveries like the inverse cubic law describing stock price fluctuations.
A study by researchers found that people in low relationship power situations vent their frustrations through buying opposite-brand products, such as switching from Diet Coke to Pepsi. This behavior is more effective than doing nothing or expressing frustration openly.
Infants in participating families used significantly less medical services during the first year of life, with a one-third reduction in emergency room visits and fewer primary care doctor visits. The program also benefited low-risk families, suggesting its benefits extend beyond those at risk for problems.
Research from Aarhus University and University of Copenhagen finds that workplace bullying leads to men leaving labor market and affecting their salaries. Men are more likely to leave the job than women who take sick leaves after being bullied.
A study suggests that mandatory donor identification could reduce the number of donors by 30% and increase compensation demands by $60 per donation. This could have economic implications for the market, particularly with an already excess supply of donors.
The aging locks and dams on the Upper Mississippi River and Illinois Waterway are causing inefficiencies that increase transportation costs for grain and oilseeds. The study estimates a 40% decrease in economic activity if Lock 25 is closed, leading to a decline of over 7,000 jobs and $2.4 billion in economic activity annually.
A new study reveals that medieval cities in Western Europe had statistically indistinguishable community grouping patterns compared to younger European cities. The research suggests that social dynamics enabled by medieval cities were fundamentally similar to those of contemporary cities.
A study published in the Journal of Marketing found that consumers prefer cars with a unique design that mimics luxury car aesthetics, but not those that are too similar to the market average. The researchers used a morphing technique and consumer choice model to quantify how aesthetic design affects consumer preferences.
Researchers propose a new conceptual model to analyze airship cargo capabilities, highlighting benefits over traditional vehicles in terms of access to coastal ports, airports, and remote regions. The value-density cargo pyramid could disrupt freight transport markets and alter world trade patterns.
A new study using data from Britain found that taller people are more likely to support conservative political positions and vote for Conservative politicians. The researchers controlled for various factors, including income, cognition, and public health care, but the link between height and voting remained robust.
The study reveals murky marketing practices and false advertising in the industry, with websites often making unsubstantiated claims about adult stem cells and targeting anti-aging/skincare applications.
The United States can benefit from strengthening its leadership role in international economic structures and engaging with rising powers like China. The country's next administration faces crucial economic choices that will impact its power. Meanwhile, the US faces domestic weaknesses such as labor market challenges and government debt.
Researchers found that web panel participants made 17% more purchases and increased cross-buying by 14%. The profit per customer also rose by 36%, demonstrating the economic benefits of these panels.
Research found increasing alcohol affordability in the 1990s contributed to rising mortality rates, while decreasing affordability led to declines. The study also identified a generation affected by economic change in the 1980s as being at high risk.
Researchers found that low-income entrepreneurs in Panama start early-stage businesses with new products, but struggle to sustain them due to financial constraints and customer adoption rates. Business incubation centers and cash grants can help these entrepreneurs overcome the start-up hurdle.
A new study has examined International Monetary Fund policies over three decades and found that the IMF has increased structural adjustment conditions to pre-crisis levels. The researchers argue that the IMF's 'reforms' are superficial and do not address the root causes of economic instability in borrowing countries.
A new paper by University of Illinois expert Eliza Forsythe finds that younger workers are less likely to be hired during recessions and tend to find lower-quality jobs. This can lead to long-term consequences, including underemployment and a lack of job mobility.
Two Rotman professors, Dan Trefler and Liyan Yang, have been awarded the Bank of Canada's Fellowship and Governor's Awards respectively. The awards recognize their exceptional research contributions to macroeconomics, monetary economics, and international finance.
A new article analyzes recent changes in UK asylum accommodation, revealing how economic interests prioritize competition and profit over social justice. Local authorities' expertise in supporting asylum seekers has been lost due to contracting out, leading to diminished services and charitable provision.
Nearly all states have taken a more-active role in immigration policy, but many lack comprehensive evaluation of costs and benefits. A new report from RAND Corporation suggests that state policymakers need better tools to assess the full impact of their policies.
Researchers examine declines in US labor market fluidity over three decades, finding a broad-based decline in transitions and larger decreases in Western states. The study suggests that social and community ties may play a role in explaining the trend.
Digital displays showing price promotions increase sales and time spent shopping in hypermarkets. In contrast, displays with unrelated content have no effect, while small convenience-type stores see decreased sales. Larger, browsing-oriented stores reap the most benefits from digital displays.
Rising temperatures and extreme weather events will negatively impact global crop production, leading to higher food prices and scarcity. Global markets with the ability to deliver food where it's needed most can help counterbalance these effects. Trade agreements can significantly moderate the worst effects on food security.
A new study by the University of East Anglia found that high levels of tax evasion are linked to higher interest rates and can be a predictor of a country's credit risk. The study analyzed 64 countries and found significant adverse effects on country credit ratings and lending costs.
A new study finds that global mercury regulations will lead to twice the economic benefits for the US as domestic policy, with estimated lifetime benefits of $339 billion and economy-wide benefits of $104 billion. Domestic policies are expected to benefit those who consume locally caught freshwater fish more.
The US forest products market share has declined from 28% in 1999 to 17% in 2013, mainly due to decreases in construction and paper manufacturing. However, a return to long-term housing market averages could bring the demand for wood as a construction material back up.
A study by the University of the Basque Country found that global cities have a greater economic significance than countries. Cities with strong economic and political leadership, as well as innovative activity, are more competitive. The top-ranking cities include London, Paris, Tokyo, Madrid, Barcelona, and Milan.
Strong marketing departments contribute to both short-term and long-term shareholder returns by building brand equity and customer relationships. Researchers found that marketing departments' power increased over a 16-year period, with firms that didn't have one before creating it later benefiting the most.
A study in the Journal of Retailing found that leveraging distribution strategies can maximize firm performance in emerging markets. The authors propose an econometric model to help firms develop multichannel distribution strategies tailored to these markets.
The study analyzed sales of soft drinks in southeastern Brazil, finding that mass advertising is less effective in full-service stores, where package size variety is crucial. Brands' channel relationship programs support price increases with no decrease in sales, highlighting the need for tailored marketing strategies.
Corporate bond 'fire sales' rippled through the economy, causing a prolonged recession. Capital expenditures dropped by 14.5% and research and development declined by 17.2%. The study highlights the interconnectedness of financial markets with the real economy.
A recent report estimates that the world loses $6.3 trillion to $10.6 trillion in ecosystem services each year due to land degradation, equivalent to 10-17% of global GDP. This loss could lead to the migration of millions of people within a decade, posing a significant humanitarian crisis.
A study by Eric Maskin and Michael Kremer finds that globalization has increased income inequality in poor countries by widening the gap between low- and high-skilled workers. Increasing education levels of low-skilled workers is proposed as a solution to address this issue.
A University of Iowa study reveals local food markets are rooted in relationships, values, and a sense of community. Consumers shop at farmers markets and join coops due to a desire to know the farmers behind their food, reflecting a commitment to healthy lifestyles and sustainable environments.
A new study published in Administrative Science Quarterly finds that neutral language can build trust among divisive groups and stimulate economic growth. Using data on Kenya's Nairobi Securities Exchange, researchers identified mechanisms driving social segmentation and integration of disparate groups.
A new study in the Journal of International Marketing found that companies need both planning and improvisation in their export decisions. Improvisation is a prevalent method of decision-making in exporting, but there is no one 'best way' to make effective export decisions.