The impact of poverty cycles on economic research: evidence from econometric analysis

Qin, Yong; Wang, Xinxin; Ze, XU; Škare, Marinko

doi:10.1080/1331677x.2020.1780144

Cited by 26 publications

(12 citation statements)

References 42 publications

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“…Later, the links between business cycles in the economy and economics were confirmed by Geiger and Kufenko (2016) through the VAR model and Granger causality test. By the same token, evidence from econometric analysis witnessed the impact of poverty cycles on economic research and the relationship between the literature on family firms and actual movements in economic policy and activities (Qin et al, 2020(Qin et al, , 2021.…”

Section: Introductionmentioning

confidence: 99%

Financial Cycles in the Economy and in Economic Research: A Case Study in China

Qin

Zhang

Wang

et al. 2021

Technological and Economic Development of Economy

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This work explores the relationship between financial cycles in the economy and in economic research. To this aim, we take China as an empirical example, and an intuitive bibliometric analysis of selected terms concerning financial cycles in economic research is performed first. Both in the economy and in economic research, we then conduct singular spectrum analysis to further isolate and describe the specific length and amplitude of financial cycles for China based on quarterly time-series data. Finally, according to the estimated cycles that detrended by Hodrick-Prescott filter for financial and bibliometric variables, the Granger causality test scrutinizes the results of the first two steps. Moreover, a time-varying parameter vector autoregression model is estimated to quantitatively investigate the time-varying interaction between financial and bibliometric variables. Our study shows that financial cycles have a strong effect on the developments in the financial-related literature. In particular, the 2008 global financial crisis’s impulse intensity is significantly higher than in other periods. Surprisingly, discussions on financial cycles in the literature also have an impact on financial activities in real life. These findings contribute to nascent work on the patterns in financial cycles, thus providing a new and effective insight on the interpretation of financial activities.

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Section: Introductionmentioning

confidence: 99%

Financial Cycles in the Economy and in Economic Research: A Case Study in China

Qin

Zhang

Wang

et al. 2021

Technological and Economic Development of Economy

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“…6. In recent years, researchers applied bibliometric analyses in their study of business cycle and crises research (Kufenko & Geiger, 2016) and of the impact of poverty cycles on economic research (Qin et al, 2020). 7.…”

Section: Discussionmentioning

confidence: 99%

A scientometric review on literature of macroprudential policy

Tang

Zhang

Liu

et al. 2020

Economic Research-Ekonomska Istraživanja

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“…Table 1 summarizes the selected variables and their abbreviations. This study performs a natural logarithm transformation on some variables (Qin et al, 2021a). As a fundamental operation in econometric analysis, logarithmic transformation helps eliminate heteroskedasticity and reduce data fluctuation, thus reducing within-group variance (Charfeddine and Ben Khediri, 2016;Gyedu et al, 2021).…”

Section: Datamentioning

confidence: 99%

“…Table 1 summarizes the selected variables and their abbreviations. This study performs a natural logarithm transformation on some variables (Qin et al. , 2021a).…”

Section: Datamentioning

confidence: 99%

The effects of globalization on family firms' business model in Europe

Qin

Wang

et al. 2022

IJEBR

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Purpose The debate over differences in the behaviors of firms facing globalization is ongoing. This study examines whether globalization impacts the behavior of family firms and if this influence differs between family and non-family firms. Design/methodology/approach Drawing on panel data from the Amadeus database on 62 family firms and 98 non-family firms in Europe, the authors employ panel vector autoregression estimation and the Wald test of Granger causality to verify our conjecture. Additional impulse response functions and the forecast error variance decomposition technique were applied to illustrate complementary shock dynamics. Additionally, the KOF globalization index is used as a proxy for globalization. Findings The results show that globalization visibly impacts family and non-family firms, but the polarity and extent of the effect are different. The authors demonstrate that family firms are in a more favorable position regarding globalization and are less vulnerable to the adverse effects of the globalization process. In contrast, non-family firms fare worse, generating adverse effects. Non-family firms take a more open stance toward globalization than family firms' more conservative behaviors. Research limitations/implications Of course, there are some limitations to the work presented in this paper. On the one hand, the authors’ data span only ten years due to data limitations. This causes the generalizability of the results to be hindered. Therefore, the authors encourage scholars to collect more time series data to increase confidence in the empirical results in future studies. On the other hand, the selection of proxy indicators concerning family firm behavior is mainly focused on financial and employment facets. A multidimensional selection of indicators could make the findings of this study more convincing. Despite its limitations, the study certainly adds to the authors’ understanding of its behavior and globalization activities. Practical implications The authors’ findings have twofold theoretical and practical implications, as they highlight the necessity of developing specific policies aimed at reducing the gap between family and non-family facing globalization and promoting sustainable operations of non-family firms. Although family firms tend to be more frugal and conservative in their overall decision-making, it should be acknowledged that stockholder and stakeholder interest-oriented corporate management policies have made them more capable of steadily improving corporate performance in the sweep of globalization. Social implications To this end, this study deepens the authors’ understanding of the theory of global governance of family firms. It also provides possible paths and directions for future theoretical research on family firms. Globalization affects both family and non-family firms, but our results suggest that family firms are better able to withstand the adverse effects of globalization shocks and adopt efficient governance paths and strategic thinking to gain a competitive advantage. In this regard, the authors encourage non-family firms to actively learn from family firms' operational practices and systems to achieve better adaptability. Originality/value This study provides strong empirical evidence on the effectiveness of family firms' governance patterns and business behavior under globalization. Additionally, this study also reveals that managers can learn from the practical experience of family firms to help them confront business crises and gain a sustainable competitive advantage.

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The impact of poverty cycles on economic research: evidence from econometric analysis

Cited by 26 publications

References 42 publications

Financial Cycles in the Economy and in Economic Research: A Case Study in China

Financial Cycles in the Economy and in Economic Research: A Case Study in China

A scientometric review on literature of macroprudential policy

The effects of globalization on family firms' business model in Europe

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