Search results for "Applied economics"
showing 9 items of 9 documents
A competing risks tale on successful and unsuccessful fiscal consolidations
2019
Abstract This paper analyses the transitions out of fiscal consolidations using annual data for 17 industrial countries over the period 1975-2013 and applying a discrete-time competing risks duration model. Our approach allows us to distinguish the factors behind a successful or an unsuccessful end of fiscal consolidation episodes. The results show that economic and political factors, the size and typology of fiscal adjustments and the occurrence of crises explain the differences in the length and the success/failure of fiscal consolidations. Moreover, while fiscal adjustment programmes that end successfully display positive duration dependence, those that end in an unsuccessful manner are …
Impact of hydrologically driven hillslope erosion and landslide occurrence on soil organic carbon dynamics in tropical watersheds
2016
The dynamics of soil organic carbon (SOC) in tropical forests play an important role in the global carbon (C) cycle. Past attempts to quantify the net C exchange with the atmosphere in regional and global budgets do not systematically account for dynamic feedbacks among linked hydrological, geomorphological, and biogeochemical processes, which control the fate of SOC. Here we quantify effects of geomorphic perturbations on SOC oxidation and accumulation in two adjacent wet tropical forest watersheds underlain by contrasting lithology (volcaniclastic rock and quartz diorite) in the Luquillo Critical Zone Observatory. This study uses the spatially-explicit and physically-based model of SOC dy…
Putting time into space: the temporal coherence of spatial applications in the housing market
2016
International audience; Relationships between past events, future expectations and present decisions, typically examined through a temporal prism within applied economics, have been lately moving to the spatial dimension through spatial econometrics. However, violations of the “arrow of time”, and thus causality, have been identified in spatial econometric techniques applied to spatio-temporal data consisting of observations each at a specific location and distinct moment in time. A comprehensive review classifies for the first time several redresses to this issue in a currently fragmented literature. This paper puts back the temporal dimension into spatial Hedonic Pricing models through a …
Subsecond pore‐scale displacement processes and relaxation dynamics in multiphase flow
2014
With recent advances at X‐ray microcomputed tomography (μCT) synchrotron beam lines, it is now possible to study pore‐scale flow in porous rock under dynamic flow conditions. The collection of four‐dimensional data allows for the direct 3‐D visualization of fluid‐fluid displacement in porous rock as a function of time. However, even state‐of‐the‐art fast‐μCT scans require between one and a few seconds to complete and the much faster fluid movement occurring during that time interval is manifested as imaging artifacts in the reconstructed 3‐D volume. We present an approach to analyze the 2‐D radiograph data collected during fast‐μCT to study the pore‐scale displacement dynamics on the time s…
“Houses for One Euro” and the Territory. Some Estimation Issues for the “Geographic Debt” Reduction
2020
The phenomenon of the “houses for one Euro” is the epitome of the progressive and increasing abandonment of the inland territories in which many small towns are affected by continuous and unstoppable depopulation. This process, mostly affecting the southern and insular Italian regions, have been triggered by the quick industrial development started after the second post-war, led by the northern regions, that deeply and irreversibly modified the anthropography of the whole country until now. The impoverishment of a wide part of the Italian territory, is one of the many issues connected to the social-territorial justice that is the original topic by which appraisal and valuation, that is scie…
Economics as a polymorphic discursive construct: heterodoxy and pluralism
2012
PurposeWhat do economists talk about? This seemingly innocent interrogation conceals a broader and innovative research programme, with the potential to renew the reflection on heterodox economics in a post‐crisis scenario. The aim of this paper is to show that convergence between language for specific purposes and economics is possible, so as to single out the genesis and the emergence of critical economic discourse.Design/methodology/approachAfter underlining the necessary collaboration between language and subject‐matter specialists, the paper addresses the question of the problematic use of economics textbooks in English‐speaking countries. Then, it deals with the fascinating question of…
Hospital readmission rates: signal of failure or success?
2013
AbstractHospital readmission rates are increasingly used as signals of hospital performance and a basis for hospital reimbursement. However, their interpretation may be complicated by differential patient survival rates. If patient characteristics are not perfectly observable and hospitals differ in their mortality rates, then hospitals with low mortality rates are likely to have a larger share of un-observably sicker patients at risk of a readmission. Their performance on readmissions will then be underestimated. We examine hospitals’ performance relaxing the assumption of independence between mortality and readmissions implicitly adopted in many empirical applications. We use data from th…
Justification of ethical considerations in health economics – Merging the theories of Niklas Luhmann and Charles Taylor
2012
Dealing with ethics in health economics on socio-philosophical grounds is not yet well established. This paper shows how a liaison between the system theory of Luhmann and the philosophy of Taylor can be used to analyze and justify the incorporation of ethical considerations into health economics. One rationale for the incorporation of ethical consideration into health economics is the deficiencies in capturing all relevant needs of health system participants with common (welfare) economics. A second reason why health economics should account for ethical values is the fact that its decisions are already based on implicit value judgments. The impact of our approach is exemplified by the conc…
The past and future of evolutionary economics: some reflections based on new bibliometric evidence
2016
The modern wave of ‘evolutionary economics’ was launched in 1982 with the classic study by Nelson and Winter. This paper reports a broad bibliometric analysis of ‘evolutionary’ research in the disciplines of management, business, economics, and sociology over 25 years from 1986 to 2010. It confirms that Nelson and Winter's book (An evolutionary theory of economic change, Harvard University Press, Cambridge, MA, 1982) is an enduring nodal reference point for this broad field. The bibliometric evidence suggests that ‘evolutionary economics’ has benefitted from the rise of business schools and other interdisciplinary institutions, which have provided a home for evolutionary terminology, but it…