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1 – 2 of 2Ali Keshavarzi and Hamid Reza Horry
The main motivation of the present study is to understand the severity of the effect of health shock on Iran's oil economy and analyze the role of government under these…
Abstract
Purpose
The main motivation of the present study is to understand the severity of the effect of health shock on Iran's oil economy and analyze the role of government under these conditions.
Design/methodology/approach
Dynamic stochastic general equilibrium (DSGE) models can show the precise interactions between market decision-makers in the context of general equilibrium. Since the duration of the virus outbreak and its effect on the economy is not known, it is more appropriate to use these models.
Findings
The results of the survey of hands-on policies scenarios compared to the state of hands-off policy indicate that the effect of government expending shocks on the economy under pandemic disease conditions has much less feedback on macroeconomic variables.
Originality/value
As a proposed policy, it is recommended that the government play a stabilizing role under pandemic disease conditions.
Key messages
There is no study regarding health shock and its economic effects in Iran using DSGE models. Also, in foreign studies, the health shock in an oil economy has not been modeled.
The general idea in the present study is how the prevalence of a pandemic infectious disease affects the dynamics of macroeconomic variables.
In three different scenarios, according to the persistence of health disaster risk and the deterioration rate of health capital due to this shock, the model is simulated.
In modeling pandemic diseases, quarantine hours are considered as part of the total time of individuals.
According to the research findings, it is recommended that the government, as a policy-maker, play a stabilizing role under pandemic crises conditions.
There is no study regarding health shock and its economic effects in Iran using DSGE models. Also, in foreign studies, the health shock in an oil economy has not been modeled.
The general idea in the present study is how the prevalence of a pandemic infectious disease affects the dynamics of macroeconomic variables.
In three different scenarios, according to the persistence of health disaster risk and the deterioration rate of health capital due to this shock, the model is simulated.
In modeling pandemic diseases, quarantine hours are considered as part of the total time of individuals.
According to the research findings, it is recommended that the government, as a policy-maker, play a stabilizing role under pandemic crises conditions.
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Keywords
Mi Lin, Ana Pereira Roders, Ivan Nevzgodin and Wessel de Jonge
Even if there is a wealth of research highlighting the key role of values and cultural significance for heritage management and, defining specific interventions on built heritage…
Abstract
Purpose
Even if there is a wealth of research highlighting the key role of values and cultural significance for heritage management and, defining specific interventions on built heritage, seldom the relation to their leading values and values hierarchy have been researched. How do values and interventions relate? What values trigger most and least interventions on heritage? How do these values relate and characterize interventions? And what are the values hierarchy that make the interventions on built heritage differ?
Design/methodology/approach
This paper conducts a systematic content analysis of 69 international doctrinal documents – mainly adopted by Council of Europe, UNESCO, and ICOMOS, during 1877 and 2021. The main aim is to reveal and compare the intervention concepts and their definitions, in relation to values. The intensity of the relationship between intervention concepts and values is determined based on the frequency of mentioned values per intervention.
Findings
There were three key findings. First, historic, social, and aesthetical values were the most referenced values in international doctrinal documents. Second, while intervention concepts revealed similar definitions and shared common leading values, their secondary values and values hierarchy, e.g. aesthetical or social values, are the ones influencing the variation on their definitions. Third, certain values show contradictory roles in the same intervention concepts from different documents, e.g. political and age values.
Originality/value
This paper explores a novel comparison between different interventions concepts and definitions, and the role of values. The results can contribute to support further research and practice on clarifying the identified differences.
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