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This paper analyzes the effect of TV advertising and in-store displays on the sales of chocolates. I examine which method is more effective in gaining customers and in increasing total sales. Also, I look at the evidence to see whether the lack of advertising by a firm will hurt the industry as a whole. In this paper, I use a nested logit model on scanner data obtained by the Zwick Center for Food and Resource Policy at the University of Connecticut to examine the effect of TV advertising on chocolate sales. The results show that in-store displays and advertising both help increase the demand for chocolate.
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Abstract Income inequality has, in recent years, become a serious issue especially in emerging markets. This paper examines the relationship of income inequality in the Asia-Pacific and Latin America regions to several factors such as gross capital formation, corruption, and per capita gross domestic product (GDP). Using a cross-sectional dataset of 36 countries from both regions for the year 2018 and ordinary least squares regression, the paper shows that gross capital formation and the lack of corruption have a negative and significant relationship with income inequality (as represented by the Gini coefficient). In contrast, per capita GDP has a positive and significant relationship with income inequality. Policymakers who want to rein in income inequality should therefore focus on ways to reduce corruption and increase the formation of capital. This study could be of use for those who are interested in discovering and mitigating the factors that cause income inequality in the developing world.
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This paper analyzes spectrum management practices in the Philippines. The regulatory body allocates available spectrum via an administrative approach which lacks transparency and due process. The paper recommends that the regulatory body adopts the auction method in allocating spectrums which is more transparent, fair, and cost-effective if a suitable design is adopted.
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This paper examines the literature to try to explain the concept of inflation targeting. There are at present two competing monetary policy rules: (1) targeting rules and (2) instrument rules. The objective of this paper is to review the relative merits of these two monetary policy rules. The debate between using either an inflation targeting rule or an instrument rule debate displays the lack of consensus among economists concerning the proper specification and underlying assumptions of the inflation-targeting model which is suited for the analysis of key monetary policy issues. The paper also examines what recent studies have found about the effect of inflation targeting on emerging markets. These studies have shown that inflation targeting has been largely beneficial to emerging markets.
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The Philippines has had high levels of unemployment for years. During the 2000s, the unemployment rate hovered between seven and ten percent. High unemployment can have adverse effects on individuals and society. The question that this paper analyses is how unanticipated money growth affect the unemployment situation in the Philippines. There has been literature on the relationship between unanticipated growth on the money supply and unemployment. The paper proposes that only unanticipated money movements will affect real economic variables like unemployment and the output level. In order to test our hypothesis, it is important that we need to quantify the concepts of anticipated and unanticipated money movements. This paper uses time-series data on several economic variables as well as a model based on Geetha et al. (2023). Using an error-correction model, the results show that an unanticipated increase in M2 money is a factor that contributes to unemployment in Philippines.
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This paper examines the role of property rights and other factors to the growth of real gross domestic product (GDP) per capita. We show using a two-step system generalized method of moments (GMM) dynamic model and a panel data set of around 150 countries from 2006 to 2018 that property rights have a positive and significant effect on the growth of real GDP per capita. The paper also found that human capital, physical capital and inflation have significant effects on real GDP per capita growth. © 2021. All Rights Reserved.
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Using a dynamic panel dataset of 150 countries for the period of 2006-2018 and a two-step system GMM estimation model, this paper shows that natural resources have a positive effect on economic development while holding corruption constant. Our findings support the notion that natural resources have a positive effect on the economy of a nation. When a country has less corruption, it improves the appropriation of economic gains from natural resources which serves as natural capital that would drive further capital accumulation and further development. We also find that physical capital, human capital, and freedom from corruption show strong positive effects on economic development, controlling for other economic and institutional variables.
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This paper presents a study on 80 countries that evaluates the socioeconomic factors in containing the spread and mortality of COVID-19. Our results show that the long-term social factors such as lower personal freedom, better education in science, and past coronavirus outbreak experience are more effective than the economic factors such as higher healthcare-associated factors per 1000 population and larger GDP. However, using GDP per capita as the instrumental variable, we also find that the richer countries with a high degree of personal freedom have a higher number of infection or death cases per million population because they would be less likely to adhere to and implement the policy of the movement restrictions to restrict their access to goods and services. © 2020 Informa UK Limited, trading as Taylor & Francis Group.
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- Economics (8)
Resource type
- Journal Article (8)