Neglected Theories of Business Cycle—Alternative Ways of Explaining Economic Fluctuations

Čermáková, Klára; Bejček, Michal; Vorlicek, Jan; Mitwallyová, Helena

doi:10.3390/data6110109

Cited by 5 publications

(4 citation statements)

References 22 publications

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“…In summary, countries dealing with the ongoing COVID-19 pandemic have exhibited ambivalent governance practices and an unrealistic optimism regarding their vulnerability to a potential second wave of the pandemic (cf., Weinstein, 1987;Čermáková, et al, 2021). As a matter of fact, despite the significant impact of the initial COVID-19 wave on public health, countries have demonstrated a limited level of national planning to address the second wave of the COVID-19 pandemic crisis.…”

Section: Discussion On What This Study Addsmentioning

confidence: 99%

“…In conclusion, much more comprehensive research is needed to shed light on how countries with varying economic, social and institutional settings can deal with the COVID-19 pandemic crisis with varying measures of containment on the basis of shorter/longer lockdown periods (Coccia, 2022a(Coccia, , 2023Čermáková, et al, 2021). To sum up, it is of importance to investigate and explain the effects that shorter/longer lockdown periods have on public health and economy, and it is of utmost importance to craft effective containment measures targeting minimization and/or containment of the impact that the second and third waves of the COVID-19 pandemic as well as future similar epidemics may have in societies, all while safeguarding the economic system of nations (Jasova & Kaderabkova, 2022;Bednar, & Kaderabkova, 2022).…”

Section: Discussionmentioning

confidence: 99%

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Findings from the first wave of Covid-19 on the different impacts of lockdown on public health and economic growth

Kargı,

Coccia,

Uçkaç

2023

IJOES

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This paper examines the impact of different durations of national lockdown measures during the first wave of the COVID-19 pandemic on the public health and economic conditions of nations. Results indicate that a) countries with shorter lockdown periods, approximately 15 days, experience a higher variation of confirmed cases/population (%) compared to countries with longer lockdowns, lasting for over one month; b) countries with shorter lockdown periods experience lower average fatality rates compared to countries with longer lockdown periods, while the variation in fatality rates indicates that countries with longer periods of lockdown achieved a more substantial reduction in fatality rates. Nevertheless, the findings of the study indicate that while longer durations of national lockdowns, implemented as a government response to the COVID-19 pandemic, appear to produce somewhat uncertain outcomes in terms of public health, they exhibit a more substantial adverse effect on a country’s economic growth, resulting in a contraction in gross domestic product growth. Extracting key lessons from this study can prove invaluable in crafting effective public responses for future COVID-19 waves and epidemics that resemble the characteristics of COVID-19.

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Section: Discussion On What This Study Addsmentioning

confidence: 99%

Section: Discussionmentioning

confidence: 99%

Findings from the first wave of Covid-19 on the different impacts of lockdown on public health and economic growth

Kargı,

Coccia,

Uçkaç

2023

IJOES

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“…The phenomenon of booms and recession changes in a period is the economic cycle. A method based on individual strategies to research business cycles has been proven to be effective, and game theory modeling of a strategic behavioral approach is valid to analyze economic fluctuations [59]. Population and GDP indicators have an interaction strength of almost 1 of Spearman correlation coefficients (p < 0.01), which could explain the impacts of individual aspects of economic cycles on a microeconomic basis.…”

Section: Discussionmentioning

confidence: 99%

Three Gorges Dam Operation Altered Networks of Social–Economic–Ecological System in the Yangtze River Basin, China

Liu

Bao

et al. 2023

Sustainability

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It is necessary to review changes in the interactions of indicators following the construction of the Three Gorges Dam (TGD) in order to explore the impact of the dam on ecology. Research on changes in interactions among indicators of the comprehensive social–economic–ecology system in the Yangtze River Basin is limited, and the objective of this study was to investigate how this system changed after the operation of the TGD, as well as how the indicators contributed to this change. Here, the correlational network approach using 38 data point indicators from 1949 to 2018 of the Yangtze River Basin was applied to analyze the changes in indicator interactions before and after the TGD operation. The TGD impoundment altered networks of the social–economic–ecological system in the Yangtze River Basin. Indicators are both less positively and less negatively connected. The number of synergy and trade-off networks clusters changed from two (Modularity = 0.33) to -six (Modularity = 0.23) and from two (Modularity = 0.015) to four (Modularity = 0.34) after the TGD operation, indicating that the sustainable development of the Yangtze River Basin might be at a middle level after the TGD operation. Further analysis revealed that the mean annual discharge, downstream fry runoff, and downstream counts of the eggs and larvae of four carp, diatom abundance index, breeding population of Chinese sturgeon, and annual precipitation contributed more to the changes in the networks after 2003.

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“…The authors proposed a model based on the principles of the Hawk-Dove game, where doves are peaceful and ready to share territory, while Hawks are aggressive and prefer conflict to cooperation in order to gain additional territory. Applying this logic to the present study, the cooperative strategies can be compared to the behavior of doves, while the non-cooperative strategies can be compared to the behavior of hawks (Cermakova et al 2021).…”

Section: Methodsmentioning

confidence: 99%

Development of Regulatory Strategies in the Sharing Economy: The Application of Game Theory

Veretennikova,

Selezneva

2023

Economies

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Regulating the sharing economy is one of the most important aspects in the development of a business model that has developed rapidly due to the widespread adoption of digital technologies and is closely linked to the fast pace of institutional changes. The present study aims to develop strategies for regulating the sharing economy through the application of game theory. The authors identify common cooperative and non-cooperative strategies in the interaction of two participants: the state and the company. The matrix of strategies is based on the results of the analysis, which considers the interaction benefits, costs, and the positive and negative effects of this process. These strategies are exemplified in scenarios of interaction between the state and the sharing economy company in relation to three possible problems: environmental pollution, parking deficiency, and budget deficit. Furthermore, the study presents a comprehensive payoff matrix and provides a description of various sustainable and long-term scenarios. It also highlights the key parameters that should be taken into account when selecting a behavioral strategy for economic agents. In addition, the study establishes that supporting industries and projects of the sharing economy, as well as creating conditions or attracting investments, increasing public trust in government and business, and involving various social groups in resolving social problems are essential elements in the harmonious development of the sharing economy. These elements contribute to its potential to raise living standards. The practical significance of this study lies in the possibility of applying its results in the implementation of social and ecological objectives through the advancement of sharing economy initiatives.

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Neglected Theories of Business Cycle—Alternative Ways of Explaining Economic Fluctuations

Cited by 5 publications

References 22 publications

Findings from the first wave of Covid-19 on the different impacts of lockdown on public health and economic growth

Findings from the first wave of Covid-19 on the different impacts of lockdown on public health and economic growth

Three Gorges Dam Operation Altered Networks of Social–Economic–Ecological System in the Yangtze River Basin, China

Development of Regulatory Strategies in the Sharing Economy: The Application of Game Theory

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