scholarly journals Analysis of hysteresis in convergence after global financial crisis of 2007

2021 ◽  
Vol 301 ◽  
pp. 04006
Author(s):  
Archana Kumari ◽  
Evgeny Kuzmin ◽  
Vikas Kumar

Researchers of hysteresis outline the long-term change in growth paths of economies. It entails the post-crisis change in growth paths of economies through the change of macroeconomic indicators, such as employment and output. Recessionary shocks might have positive or negative impacts on economies’ growth paths which in turn affects convergence and divergence in economies. In this research, hysteresis is explored in convergence across 110 countries induced by the global financial recession of 2007. Findings suggest that as a post-crisis change, hysteresis in convergence is in place. The difference arises in adaptability of economies to changes. The reason for convergence of poor and rich countries might be more intensive foreign investments in developing nations. These investments have a positive influence on economic performance in developing countries by increasing employment rates.

2019 ◽  
Vol 11 (4) ◽  
pp. 30
Author(s):  
Amal Adnan Al-Khayyat

This study demonstrates the influence of absent/present mothers on their daughters in Jordanian-British Fadia Faqir’s novels My Name Is Salma (2007) and Willow Trees Don’t Weep (2014). It manifests the difference between the positive and negative impacts of the mothers of Salma and Najwa, the two heroines in the two novels under discussion, respectively. The study also exposes the difference between Salma and Najwa based on their fragmentation and its intricate interconnection with their mothers, the way they deal with their mothers’ belongings, and the effect of the memories of their mothers on their self-formation. As it does so, the study highlights how each one of these heroines utilizes her mother’s influence on her to achieve self-formation in her own way as she crosses borders. Through its focus on the mother-daughter bond in both novels, the study concludes that despite the mother’s physical absence, her evident presence turns out to be inescapable; the positive influence of Salma’s absent mother helps Salma recollect herself, and the negative influence of Najwa’s absent mother helps Najwa shape her new identity.


2006 ◽  
Vol 27 (4) ◽  
pp. 218-228 ◽  
Author(s):  
Paul Rodway ◽  
Karen Gillies ◽  
Astrid Schepman

This study examined whether individual differences in the vividness of visual imagery influenced performance on a novel long-term change detection task. Participants were presented with a sequence of pictures, with each picture and its title displayed for 17  s, and then presented with changed or unchanged versions of those pictures and asked to detect whether the picture had been changed. Cuing the retrieval of the picture's image, by presenting the picture's title before the arrival of the changed picture, facilitated change detection accuracy. This suggests that the retrieval of the picture's representation immunizes it against overwriting by the arrival of the changed picture. The high and low vividness participants did not differ in overall levels of change detection accuracy. However, in replication of Gur and Hilgard (1975) , high vividness participants were significantly more accurate at detecting salient changes to pictures compared to low vividness participants. The results suggest that vivid images are not characterised by a high level of detail and that vivid imagery enhances memory for the salient aspects of a scene but not all of the details of a scene. Possible causes of this difference, and how they may lead to an understanding of individual differences in change detection, are considered.


2019 ◽  
Vol 10 (9) ◽  
pp. 861-879
Author(s):  
Edson Roberto Vieira ◽  
◽  
Daniel Henrique Alves Reis ◽  

The objective of this study is to analyze the determinants of Brazilian exports by levels of technological intensity in the period 2000-2015. Gravity models were estimated for total of the exports and for each type of exports by levels of technological intensity, using the PPML-estimator. The study indicates that there is a process of concentration of Brazilian exports in low technology and medium-low technology products, at the same period in which China's share of total Brazilian shipments abroad grew. Estimates of empirical gravity models have shown that the income and size of the consumer market of Brazil’s trading partners seem to have the greatest positive influence on the Brazilian exports. Indications of this study are that the Brazil should continue to diversify its trading partners to minimize the impacts of a possible reduction of the economic growth of large trading partners (such as China and the US) on its exports and increase its exports of products with greater technological intensity. The results also highlight the need for Brazil to make greater efforts to increase its competitiveness in the international market to reduce the negative impacts of transport costs on the final prices of products exported by the country.


2014 ◽  
Vol 3 ◽  
pp. 183-195
Author(s):  
Elena Macevičiūtė

The article deals with the requirements and needs for long-term digital preservation in different areas of scholarly work. The concept of long-term digital preservation is introduced by comparing it to digitization and archiving concepts and defined with the emphasis on dynamic activity within a certain time line. The structure of digital preservation is presented with regard to the elements of the activity as understood in Activity Theory. The life-cycle of digitization processes forms the basis of the main processing of preserved data in preservation archival system.The author draws on the differences between humanities and social sciences on one hand and natural and technological science on the other. The empirical data characterizing the needs for digital preservation within different areas of scholarship are presented and show the difference in approaches to long-term digital preservation, as well as differences in selecting the items and implementing the projects of digital preservation. Institutions and organizations can also develop different understanding of preservation requirements for digital documents and other objects.The final part of the paper is devoted to some general problems pertaining to the longterm digital preservation with the emphasis of the responsibility for the whole process of safe-guarding the cultural and scholarly heritage for the re-use of the posterior generations. It is suggested that the longevity of the libraries in comparison with much shorter life-span of private companies strengthens the claim of memory institutions to playing the central role in the long-term digital preservation.


2007 ◽  
Vol 2 (1) ◽  
Author(s):  
M. Hochedlinger ◽  
W. Sprung ◽  
H. Kainz ◽  
K. König

The simulation of combined sewer overflow volumes and loads is important for the assessment of the overflow and overflow load to the receiving water to predict the hydraulic or the pollution impact. Hydrodynamic models are very data-intensive and time-consuming for long-term quality modelling. Hence, for long-term modelling, hydrological models are used to predict the storm flow in a fast way. However, in most cases, a constant rain intensity is used as load for the simulation, but in practice even for small catchments rain occurs in rain cells, which are not constant over the whole catchment area. This paper presents the results of quality modelling considering moving storms depending on the rain cell velocity and its moving direction. Additionally, tipping bucket gauge failures and different corrections are also taken into account. The results evidence the importance of these considerations for precipitation due the effects on overflow load and show the difference up to 28% of corrected and uncorrected data and of moving rain cells instead of constant raining intensities.


Author(s):  
Walter Pohl

When the Gothic War began in Italy in 535, the country still conserved many features of classical culture and late antique administration. Much of that was lost in the political upheavals of the following decades. Building on Chris Wickham’s work, this contribution sketches an integrated perspective of these changes, attempting to relate the contingency of events to the logic of long-term change, discussing political options in relation to military and economic means, and asking in what ways the erosion of consensus may be understood in a cultural and religious context. What was the role of military entrepreneurs of more or less barbarian or Roman extraction in the distribution or destruction of resources? How did Christianity contribute to the transformation of ancient society? The old model of barbarian invasions can contribute little to understanding this complex process. It is remarkable that for two generations, all political strategies in Italy ultimately failed.


Author(s):  
Felipe Carvalho de Rezende

Among the lessons that can be drawn from the global financial crisis is that private financial institutions have failed to promote the capital development of the affected economies, and to dampen financial fragility. This chapter analyses the macroeconomic role that development banks can play in this context, not only providing long-term funding necessary to promote economic development, but also fostering financial stability. The chapter discusses, in particular, the need for public financial institutions to provide support for infrastructure and sustainable development projects. It concludes that development banks play a strategic role by funding infrastructure projects in particular, and outlines the lessons for enhancing their role as catalysts for mitigating risks associated with such projects.


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