Search results

1 – 10 of 29
Article
Publication date: 18 October 2018

Maria Kulander

Statistics from Eurostat show that several European countries have an increasing proportion of elderly people, making their housing situation of increasing interest. For…

Abstract

Purpose

Statistics from Eurostat show that several European countries have an increasing proportion of elderly people, making their housing situation of increasing interest. For many years, it has been policy in Sweden to help elderly people remain in their current homes for as long as possible. This paper aims to find reasons why people want to move at different stages in life and investigate whether the pattern follows the life cycle in housing. Earlier research has been performed in the USA (Gibler and Clements III, 2011) and in China (Jia and Heath, 2016), but these questions remain understudied in Sweden.

Design/methodology/approach

A model of the demand for adapted houses is designed and tested on data gathered in Gävle in 2012. The method uses a binary choice model with stated preference data.

Findings

The results of this study show that earlier preferences and age determine the future living situation, but that senior living (rental or condominium) is most popular as a future home.

Practical implications

Not everyone has the economic resources to move according to their preferences; reasons include high monthly costs and taxes. Changes in the tax system may produce better moving chains and increase the supply of affordable housing.

Originality/value

The model in this paper could guide future studies within the area.

Details

International Journal of Housing Markets and Analysis, vol. 11 no. 5
Type: Research Article
ISSN: 1753-8270

Keywords

Article
Publication date: 28 June 2022

Linus T. Wilson

This study aims to analyze whether average video watch time or click-through rates (CTR) on YouTube videos are more closely associated with high numbers of views per…

Abstract

Purpose

This study aims to analyze whether average video watch time or click-through rates (CTR) on YouTube videos are more closely associated with high numbers of views per subscriber using linear regressions.

Design/methodology/approach

In 2018, YouTube began releasing CTR data to its video creators. Since 2012, YouTube has emphasized how it favors watch time over clicks in its recommendations to viewers. To the best of the author’s knowledge, this is the first academic study looking at that CTR data to test what matters more for views on YouTube. Is watch time or CTR more important to getting views on YouTube?

Findings

The author analyzed new video releases on YouTube. This paper finds almost no or limited evidence that higher percent audience retention or total average watch time per view, respectively, are associated with more views on YouTube. Instead, videos with higher CTR got significantly more views.

Originality/value

The author knows no other study that tests the relative importance of CTR or watch time per view in predicting views for new videos on YouTube.

Details

International Journal of Pervasive Computing and Communications, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1742-7371

Keywords

Book part
Publication date: 1 July 2015

Nicolò Pecora and Alessandro Spelta

One of the main lessons of the recent financial crisis is that the network structure of the banking system has to be taken into account to assess systemic risk.In this…

Abstract

One of the main lessons of the recent financial crisis is that the network structure of the banking system has to be taken into account to assess systemic risk.

In this chapter, we analyze the topological properties of the network of the Euro Area banking sector with the primary aim of assessing the importance of a bank in the financial system with respect to ownership and control of other credit institutions.

The network displays power law distributions in both binary and weighted degree metrics indicating a robust yet fragile structure and a direct nexus between an increase of control diversification and a rise in the market power. Therefore, while in good time the network is seemingly robust, in bad times many banks can go into distress simultaneously. This behavior opens a narrow for Central bank’s actions. In particular, we investigate whether the Single Supervisory Mechanism introduced by the European Central Banks and based on banks’ total asset is a good proxy to quantify their systemic importance. Results indicate that not all the financial institutions with high value of total asset are systemically important but only few of them.

Details

Monetary Policy in the Context of the Financial Crisis: New Challenges and Lessons
Type: Book
ISBN: 978-1-78441-779-6

Keywords

Book part
Publication date: 19 October 2020

Anson T. Y. Ho

Financial systemic risk is often assessed by the interconnectedness of financial institutes (FI) in terms of cross-ownership, overlapping investment portfolios, interbank…

Abstract

Financial systemic risk is often assessed by the interconnectedness of financial institutes (FI) in terms of cross-ownership, overlapping investment portfolios, interbank credit exposures, etc. Less is known about the interconnectedness between FIs through the lens of consumer credits. Using detailed consumer credit data in Canada, this chapter constructs a novel banking network to measure FIs’ interconnectedness in the consumer credit markets. Results show that FIs on average are more connected to each other over the sample period, with the interconnectedness measure increases by 19% from 2013 Q4 to 2019 Q4. FIs with more diversified portfolios are more connected in the network. Among various types of FIs, secondary FIs have the notable increase in interconnectedness. Domestic Systemically Important Banks and secondary FIs offering a broad range of loan products are more connected to large FIs, while those specialized in single loan types are more connected to their industry peers. FI connectedness is also significantly related to their participation in the mortgage markets.

Book part
Publication date: 17 October 2014

Richard E. Wagner

This paper is a keynote address prepared for a conference on “Entangled Political Economy” sponsored by the Wirth Institute. In keeping with the conventions of such an…

Abstract

This paper is a keynote address prepared for a conference on “Entangled Political Economy” sponsored by the Wirth Institute. In keeping with the conventions of such an address, I look both backward and forward, while placing more emphasis on looking forward. In looking backward, I compare and contrast two orientations toward political economy: additive and entangled. In looking forward, I explore some of the analytical challenges that confront efforts to pursue a vision of entangled political economy. While these challenges are substantive in character, those efforts necessarily rest on methodological presumptions. Accordingly, the paper opens by reviewing some of those methodological presumptions before turning to the substantive articulations and challenges.

Book part
Publication date: 16 June 2021

Zahra Arasti, Elnaz Tarzamni and Neda Bahmani

The ability to develop and maintain an effective network is an entrepreneurial competency. There are differences in female social networks' features as well as in the way…

Abstract

The ability to develop and maintain an effective network is an entrepreneurial competency. There are differences in female social networks' features as well as in the way of expanding it comparing to men's. But, there is little attention to female entrepreneurs' networks. This chapter focuses on the dynamics of female entrepreneurs' networks at different stages of the business life cycle. A qualitative study was conducted on a sample of Iranian female entrepreneurs in the trade sector situated in Tehran. The results of data analysis of 10 semi-structured interviews show a considerable change in networking activity over time. Although the most important role of networking for women entrepreneurs in both early-stage and established businesses is to achieve opportunities, information, and resources. Also, the combination of female entrepreneurs' networks is most male-dominated. And the main challenge of networking in the early-stage is being female, while it becomes rather an advantage for established ones. Finally, Iranian female entrepreneurs become more aware of networking benefits over time.

Details

The Emerald Handbook of Women and Entrepreneurship in Developing Economies
Type: Book
ISBN: 978-1-80071-327-7

Keywords

Book part
Publication date: 3 August 2015

James Caton and Richard E. Wagner

Traditional Austrian cycle theory starts from general equilibrium and explains how an expansion of bank credit unmatched by an expansion of saving can create a cycle of…

Abstract

Traditional Austrian cycle theory starts from general equilibrium and explains how an expansion of bank credit unmatched by an expansion of saving can create a cycle of boom-and-bust, and with the bust followed by restoration of normality. In contrast, this paper offers a non-equilibrium reformulation of those earlier Austrian insights, which expands and refocuses the analytical agenda of macro theory. Our key analytical feature is the conceptualization of a macro economy as constituted through an open-ended ecology of plans. Within this framework, macro variables are not primitives but are derivative from micro-level interaction. In turn, the computation of optimizing actions is beset with undecidability. The theory of entrepreneurial choice that is suitable for this analytical framework is based on rule-following or algorithmic choice and not on computational maximization. What results is a macro ecology, the internal operation of which entails natural volatility. What are called policy actions, moreover, operate inside and not outside the ecology, and can create induce volatility within the ecology.

Book part
Publication date: 17 October 2014

Marta Podemska-Mikluch

The recurring implementation and continuous maintenance of price controls implies a deep incongruence between public policy and economic common sense. Yet, economists do…

Abstract

The recurring implementation and continuous maintenance of price controls implies a deep incongruence between public policy and economic common sense. Yet, economists do not tire of concluding their papers with policy recommendations as if oblivious to the ineffectiveness of their efforts. By assuming that policy is an object of choice, economists have no alternative but to naively hope for a decision-maker sensitive to economic logic. An alternative approach is to think of policy, not as an object of choice but as an outcome of a competitive process. From this perspective, the often-lamented disregard for economic principles is not a characteristic of a deficient policymaker, but a systemic quality of institutional arrangements. I illustrate my argument with the analysis of the implementation of rigid prices for reimbursed pharmaceuticals in Poland.

Details

Entangled Political Economy
Type: Book
ISBN: 978-1-78441-102-2

Keywords

Article
Publication date: 15 February 2021

Carlos León and Javier Miguélez

From a financial stability viewpoint, this paper aims to study cyclical interdependencies arising from the cross-holding of securities in the Colombian financial system.

Abstract

Purpose

From a financial stability viewpoint, this paper aims to study cyclical interdependencies arising from the cross-holding of securities in the Colombian financial system.

Design/methodology/approach

Cross-holding of securities in financial systems occurs when two financial institutions hold securities issued by each other or when more than two financial institutions hold securities issued by each other in a circular structure. Securities cross-holding is key for financial stability because of potential contagion arising from cyclical interdependencies in the connective architecture of financial systems. The presence of cyclical interdependencies is studied based on network analysis. The data set is a multilayer network that comprises bonds, certificates of deposit and equity issued and held by Colombian financial institutions from 2016 to 2019.

Findings

Results show that the extent of securities’ cyclical interdependencies is particularly low and stable – even when cross-holding across different types of securities is considered.

Research limitations/implications

The monetary value of exposures and their size with respect to financial institutions’ balance sheets are not considered. Studying the impact on the financial system’s solvency is a compulsory research path.

Practical implications

The network topology suggests that increased potential contagion by cyclical interdependencies and feedback effects from securities cross-holding is rather limited.

Originality/value

To the best of the authors’ knowledge, this is the first time that cyclical interdependencies arising from the securities cross-holding are studied. From a financial stability perspective, the methodology is general and promising for monitoring and analytical purposes.

Details

Studies in Economics and Finance, vol. 38 no. 4
Type: Research Article
ISSN: 1086-7376

Keywords

Article
Publication date: 17 September 2019

Imaduddin Sahabat, Tumpak Silalahi, Ratih Indrastuti and Marizsa Herlina

The financial turbulence resulting from the global financial crisis sparked the interest in improving understanding of financial risks. The transmission of financial…

283

Abstract

Purpose

The financial turbulence resulting from the global financial crisis sparked the interest in improving understanding of financial risks. The transmission of financial institution failures can be determined from the prevailing network structures between banks. The purpose of this study is to identify relationship between payment system network characteristics and financial system condition.

Design/methodology/approach

The characteristics of the interbank network structure in the payment system are identified using a graph theory and the relationship between the network characteristics of interbank transactions in the payment system and financial system stability is examined using a vector auto regression model.

Findings

This study shows that the connectedness of large-value payment transaction is more segmented compared to that of retail value payments. A significant relationship is observed between the characteristics of the network and the large-value payment transactions.

Research limitations/implications

This study found the connectedness of large-value transactions is more segmented when compared to retail-value transactions. It also shows a causal effect of the network characteristic on the financial system stability.

Originality/value

Unlike existing studies, this study considers both the connectedness in large-value transactions and retail-value transactions.

Details

Studies in Economics and Finance, vol. 37 no. 1
Type: Research Article
ISSN: 1086-7376

Keywords

1 – 10 of 29