Pub Date : 2022-01-01DOI: 10.51865/eitc.2022.01.08
M. Pistalu, Alexandra Diana Chirescu
Both the European Green Deal and Sustainable Development Goal 2 - Zero Hunger, highlight the importance of sustainable food systems as a key element for sustainable economic growth, a healthy population and the protection of the environment (European Commission, 2021). In this context, the analysis of quantitative indicators specific for the agricultural sector and the farm provides a realistic picture of the evolution of farms in Europe in 2005 vs. 2016. However, a qualitative analysis of farms is also needed, as sustainability focuses on quality. Given that it is essential to quantify both quantitatively and qualitatively the progress made in agriculture, with a focus on agricultural holdings, the objectives of this paper are: a) to identify the evolution regarding farms for each Member State of the European Union; and b) to signal the risks related to the states that are below the European average regarding the analysed indicators. This paper contributes to the studies carried out in this field through models for assessing the progress of farms in Europe and the unique set of indicators analysed. According to the study, the states that have made the most significant progress in terms of the number of farms, the output measured in Euro and the number of farms whose household consumes more than 50% of final production in 2016 are (1) Romania and (2) France.
{"title":"Assessment Models of the Main Indicators Characteristic of Farms in Europe","authors":"M. Pistalu, Alexandra Diana Chirescu","doi":"10.51865/eitc.2022.01.08","DOIUrl":"https://doi.org/10.51865/eitc.2022.01.08","url":null,"abstract":"Both the European Green Deal and Sustainable Development Goal 2 - Zero Hunger, highlight the importance of sustainable food systems as a key element for sustainable economic growth, a healthy population and the protection of the environment (European Commission, 2021). In this context, the analysis of quantitative indicators specific for the agricultural sector and the farm provides a realistic picture of the evolution of farms in Europe in 2005 vs. 2016. However, a qualitative analysis of farms is also needed, as sustainability focuses on quality. Given that it is essential to quantify both quantitatively and qualitatively the progress made in agriculture, with a focus on agricultural holdings, the objectives of this paper are: a) to identify the evolution regarding farms for each Member State of the European Union; and b) to signal the risks related to the states that are below the European average regarding the analysed indicators. This paper contributes to the studies carried out in this field through models for assessing the progress of farms in Europe and the unique set of indicators analysed. According to the study, the states that have made the most significant progress in terms of the number of farms, the output measured in Euro and the number of farms whose household consumes more than 50% of final production in 2016 are (1) Romania and (2) France.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78873278","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-01DOI: 10.51865/eitc.2022.02.07
B. Dixon-Ogbechi, P. Ladipo, Olubukola Akinbodun
"This study examines the application of commodity approach to electronic retailing in Nigeria with special reference to Jumia. The study is necessitated in order to assist the electronic retailers and prospective entrepreneurs to have better understanding on how commodity approach can be applied to electronic retailing activities by studying Jumia. Both qualitative and quantitative research design was employed in this study. Online survey was employed as data collection method by sampling 192 respondents using convenience sampling technique. The data collected were analyzed using descriptive statistics on SPSS (Version 23.0). The findings show that application of commodity approach to electronic retailing in Nigeria is evident in Jumia with emphasis on its products classification, promotion activities, distribution strategy as well as its retail strategy"
{"title":"Application of Commodity School of Marketing Thought to Electronic Retailing in Nigeria: A Case Study of Jumia","authors":"B. Dixon-Ogbechi, P. Ladipo, Olubukola Akinbodun","doi":"10.51865/eitc.2022.02.07","DOIUrl":"https://doi.org/10.51865/eitc.2022.02.07","url":null,"abstract":"\"This study examines the application of commodity approach to electronic retailing in Nigeria with special reference to Jumia. The study is necessitated in order to assist the electronic retailers and prospective entrepreneurs to have better understanding on how commodity approach can be applied to electronic retailing activities by studying Jumia. Both qualitative and quantitative research design was employed in this study. Online survey was employed as data collection method by sampling 192 respondents using convenience sampling technique. The data collected were analyzed using descriptive statistics on SPSS (Version 23.0). The findings show that application of commodity approach to electronic retailing in Nigeria is evident in Jumia with emphasis on its products classification, promotion activities, distribution strategy as well as its retail strategy\"","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"56 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78739915","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-01DOI: 10.51865/eitc.2022.01.06
A. Ahsan, Jamee Ahmad, Maksodul Haque Sawrov
The major focus of this article is on whether daily expenditures increase during a lockdown covid-19 pandemic. The major idea of this research is to show how Covid-19 influences our daily lives through increasing spending. Convenient sampling techniques have used for selecting sample and area (Sector 10 Uttara Dhaka). With the constructed questionnaire, researchers ran a study to better understand people's perceptions of their everyday spending. The questionnaire was conducted during the lockdown period of COVID-19 when all participants were self-isolated at home. There are two types of variables that researchers work with. The questionnaire has created using a combination of Yes/No and Likert scale questions. The result has analyzed using SPSS software. The result has shown that if our daily spending increases or decreases under a lockdown. This study concludes with some potential solutions for managing daily expenditures as well as provided ideas of potential government actions.
{"title":"COVID-19 Lockdown Issue: A Study on Daily Expenditure","authors":"A. Ahsan, Jamee Ahmad, Maksodul Haque Sawrov","doi":"10.51865/eitc.2022.01.06","DOIUrl":"https://doi.org/10.51865/eitc.2022.01.06","url":null,"abstract":"The major focus of this article is on whether daily expenditures increase during a lockdown covid-19 pandemic. The major idea of this research is to show how Covid-19 influences our daily lives through increasing spending. Convenient sampling techniques have used for selecting sample and area (Sector 10 Uttara Dhaka). With the constructed questionnaire, researchers ran a study to better understand people's perceptions of their everyday spending. The questionnaire was conducted during the lockdown period of COVID-19 when all participants were self-isolated at home. There are two types of variables that researchers work with. The questionnaire has created using a combination of Yes/No and Likert scale questions. The result has analyzed using SPSS software. The result has shown that if our daily spending increases or decreases under a lockdown. This study concludes with some potential solutions for managing daily expenditures as well as provided ideas of potential government actions.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"38 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85951126","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-01DOI: 10.51865/eitc.2022.01.04
Manh Tien Pham, Vy Ha Nguyen, Minh Nhat Ngo
Financial inclusion is considered an important factor which contributes to reducing poverty and income inequality. A lot of previous researches showed the impact of some dimensions of financial inclusion on income inequality. However, financial inclusion is measured by many different dimensions; therefore, to assess the combined impact of financial inclusion on income inequality, the authors first used the principal components analysis to build a composite financial index, with the datasets from 29 high- and upper-middle-income countries in Europe in the period of 2011-2017. Next, the authors used the two-stage least squares (2SLS) regression method to estimate the impact of financial inclusion on income inequality. The research results found that the financial inclusion, the percentage of the population aged 25 and over graduating from secondary education, the economic openness had an opposite effect on income inequality. On the contrary, the employment-to-population ratio had a directional effect on income inequality. Based on the obtained estimates, the study proposed some solutions to reduce income inequality.
{"title":"The Impact of Financial Inclusion on Income Inequality: Case Study in Europe","authors":"Manh Tien Pham, Vy Ha Nguyen, Minh Nhat Ngo","doi":"10.51865/eitc.2022.01.04","DOIUrl":"https://doi.org/10.51865/eitc.2022.01.04","url":null,"abstract":"Financial inclusion is considered an important factor which contributes to reducing poverty and income inequality. A lot of previous researches showed the impact of some dimensions of financial inclusion on income inequality. However, financial inclusion is measured by many different dimensions; therefore, to assess the combined impact of financial inclusion on income inequality, the authors first used the principal components analysis to build a composite financial index, with the datasets from 29 high- and upper-middle-income countries in Europe in the period of 2011-2017. Next, the authors used the two-stage least squares (2SLS) regression method to estimate the impact of financial inclusion on income inequality. The research results found that the financial inclusion, the percentage of the population aged 25 and over graduating from secondary education, the economic openness had an opposite effect on income inequality. On the contrary, the employment-to-population ratio had a directional effect on income inequality. Based on the obtained estimates, the study proposed some solutions to reduce income inequality.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83005219","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Modern day’s organizations are facing fierce competitions and are in need of high-quality employees with high competencies. This has become a greater challenge for organizations. Recruitment and selection of a right talent is getting tougher, and tougher even there are many qualified. High performance work practices bring competitive advantage to such organizations. Extensive training is one such high performance work practice. This study aims to provide a working definition for extensive training. Extensive training is endowed with knowledge, skills and attitudes of employee continuously with the intention of covering a boarder scope without restricting to a one particular job. A scale to measure the construct of extensive training through conceptualization and operationalization is also provided as a part of the study. As a part of the study examples from the military context were also provided.
{"title":"Construct of Extensive Training: Towards an Instrument of Measuring it","authors":"Anuradha Iddagoda, Manoaj Keppetipola, Dhanuka Liyanagamage","doi":"10.51865/eitc.2022.01.05","DOIUrl":"https://doi.org/10.51865/eitc.2022.01.05","url":null,"abstract":"Modern day’s organizations are facing fierce competitions and are in need of high-quality employees with high competencies. This has become a greater challenge for organizations. Recruitment and selection of a right talent is getting tougher, and tougher even there are many qualified. High performance work practices bring competitive advantage to such organizations. Extensive training is one such high performance work practice. This study aims to provide a working definition for extensive training. Extensive training is endowed with knowledge, skills and attitudes of employee continuously with the intention of covering a boarder scope without restricting to a one particular job. A scale to measure the construct of extensive training through conceptualization and operationalization is also provided as a part of the study. As a part of the study examples from the military context were also provided.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"73 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83968520","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-01DOI: 10.51865/eitc.2022.02.06
Sachini Arachchi, H. Dissanayake, Thilini Deshika, Anuradha Iddagoda
"The purpose of the research is to identify digital corporate governance practices in Sri Lankan listed firms. The concept of digital corporate governance has many areas. Digital meetings, cyber security, transparency and board IT (Information Technology) knowledge are some of them. Corporate governance in the 21st century has become the main focus and concern of companies in Sri Lanka of Digital transformation. Digital corporate governance practices are described in this research. With COVID 19 pandemic situation, most of the companies in Sri Lanka started to digitalize their business in every area. Digital corporate governance is one of the main areas in a company. Digital drive has developed steadily and has been integrated into the management system. For a stronger corporate governance system of organizations, the strict cyber security legislation must be developed"
{"title":"Digital Corporate Governance Practices: Evidence from Sri Lankan Listed Companies","authors":"Sachini Arachchi, H. Dissanayake, Thilini Deshika, Anuradha Iddagoda","doi":"10.51865/eitc.2022.02.06","DOIUrl":"https://doi.org/10.51865/eitc.2022.02.06","url":null,"abstract":"\"The purpose of the research is to identify digital corporate governance practices in Sri Lankan listed firms. The concept of digital corporate governance has many areas. Digital meetings, cyber security, transparency and board IT (Information Technology) knowledge are some of them. Corporate governance in the 21st century has become the main focus and concern of companies in Sri Lanka of Digital transformation. Digital corporate governance practices are described in this research. With COVID 19 pandemic situation, most of the companies in Sri Lanka started to digitalize their business in every area. Digital corporate governance is one of the main areas in a company. Digital drive has developed steadily and has been integrated into the management system. For a stronger corporate governance system of organizations, the strict cyber security legislation must be developed\"","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"47 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82499995","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-01DOI: 10.51865/eitc.2022.02.05
I. Petre, Marian Motofeanu, Claudiu-Florentin Lăceanu, Virgil-Alin Chirilă
"This paper aims to determine the possible impact of the seasonality of agricultural production on the prices of these products. Three main products were analysed, the majority of which are wheat, maize and sunflower production. With the help of national databases, product prices were analysed quantitatively and qualitatively, as well as statistically, over the last 5 years by calendar month. A series of researches have been carried out on the data, such as: analysing the dynamics of both annual and monthly prices, as well as determining the correlations between the price level for these products and the calendar month to which these prices refer. Following this analysis, the third-degree polynomial regression equations were determined, showing that product prices follow a sinuous trend, with high prices in the first part of the year, when supply is running out, then, during the harvesting period, there is a drop in price, given the sudden increase in supply on the market, and in the last months of the calendar year, the highest prices are recorded, given the additional cost of storing production following the harvesting campaign. "
{"title":"The Impact of Seasonality of Agricultural Production on Product Prices in Romania","authors":"I. Petre, Marian Motofeanu, Claudiu-Florentin Lăceanu, Virgil-Alin Chirilă","doi":"10.51865/eitc.2022.02.05","DOIUrl":"https://doi.org/10.51865/eitc.2022.02.05","url":null,"abstract":"\"This paper aims to determine the possible impact of the seasonality of agricultural production on the prices of these products. Three main products were analysed, the majority of which are wheat, maize and sunflower production. With the help of national databases, product prices were analysed quantitatively and qualitatively, as well as statistically, over the last 5 years by calendar month. A series of researches have been carried out on the data, such as: analysing the dynamics of both annual and monthly prices, as well as determining the correlations between the price level for these products and the calendar month to which these prices refer. Following this analysis, the third-degree polynomial regression equations were determined, showing that product prices follow a sinuous trend, with high prices in the first part of the year, when supply is running out, then, during the harvesting period, there is a drop in price, given the sudden increase in supply on the market, and in the last months of the calendar year, the highest prices are recorded, given the additional cost of storing production following the harvesting campaign. \"","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"8 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90213203","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The study is carried out to determine reinsurance in place of a risk management instrument and its effect on the non-life insurance firms’ profitability in Nigeria, adopting ex-post-facto design, with multiple correlation and regression model to analyze the data obtained from Nigeria Insurers Association Digest report 2007 to 2018, which is indicating 12 years of study sample size. The findings of the study show that Premium Cession Ratio (PCR) and Net Retention Ratio (NRR) have positive effect on the profitability (ROA) of insurance companies but not significant with their coefficient values of (0.059880 and 0.006273) and their associated probability values of (0.2811 and 0.8880) respectively. However, the findings reveal that Reinsurance Dependence Cede Premium (RDC) and Reinsurance Commission to Shareholder’s Equity (RCS) have affected the profitability (ROA) of insurance business entities negatively and insignificantly with their values of coefficient (-0.266824 and -0.894553) and their corresponding p-value is (0.5149 and 0.3497) respectively.
{"title":"Reinsurance: A Risk Management Instrument for Insurance Companies’ Profitability (A Case of Non-Life Insurance in Nigeria)","authors":"Yinka Augustine Soye, Rufus Olubunmi Olumide, Damola Lukmon Adeyemo","doi":"10.51865/eitc.2022.02.02","DOIUrl":"https://doi.org/10.51865/eitc.2022.02.02","url":null,"abstract":"The study is carried out to determine reinsurance in place of a risk management instrument and its effect on the non-life insurance firms’ profitability in Nigeria, adopting ex-post-facto design, with multiple correlation and regression model to analyze the data obtained from Nigeria Insurers Association Digest report 2007 to 2018, which is indicating 12 years of study sample size. The findings of the study show that Premium Cession Ratio (PCR) and Net Retention Ratio (NRR) have positive effect on the profitability (ROA) of insurance companies but not significant with their coefficient values of (0.059880 and 0.006273) and their associated probability values of (0.2811 and 0.8880) respectively. However, the findings reveal that Reinsurance Dependence Cede Premium (RDC) and Reinsurance Commission to Shareholder’s Equity (RCS) have affected the profitability (ROA) of insurance business entities negatively and insignificantly with their values of coefficient (-0.266824 and -0.894553) and their corresponding p-value is (0.5149 and 0.3497) respectively.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"24 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82545452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-01DOI: 10.51865/eitc.2022.02.08
M. Panait, R. Ionescu, Simona-Andreea Apostu, M. Vasić
Novel technologies are quickly reshaping the industrial environment as well as the labor market in what has been called The Fourth Industrial Revolution or Industry 4.0. As digitalization and robotization quickly become industry standards in many fields of manufacturing, businesses, both big and small companies need to quickly adapt their strategies, workforce and operations to this new reality in order to remain competitive and relevant. Being able to adopt and integrate new technologies quickly will make the difference between being a trend setter or a follower in an increasingly more globalized and more digitalized economy. And there are not just the businesses that need to adapt to this rapid change. The workers themselves will be required to master new skills and be able to operate new machines quickly and proficiently or risk being replaced by one in the near future. This paper aims to look at the new, emerging technologies in the industrial sector, their rate of adoption and their impact on workers, production processes and businesses.
{"title":"Innovation through Industry 4.0 – Driving Economic Growth and Building Skills for Better Jobs","authors":"M. Panait, R. Ionescu, Simona-Andreea Apostu, M. Vasić","doi":"10.51865/eitc.2022.02.08","DOIUrl":"https://doi.org/10.51865/eitc.2022.02.08","url":null,"abstract":"Novel technologies are quickly reshaping the industrial environment as well as the labor market in what has been called The Fourth Industrial Revolution or Industry 4.0. As digitalization and robotization quickly become industry standards in many fields of manufacturing, businesses, both big and small companies need to quickly adapt their strategies, workforce and operations to this new reality in order to remain competitive and relevant. Being able to adopt and integrate new technologies quickly will make the difference between being a trend setter or a follower in an increasingly more globalized and more digitalized economy. And there are not just the businesses that need to adapt to this rapid change. The workers themselves will be required to master new skills and be able to operate new machines quickly and proficiently or risk being replaced by one in the near future. This paper aims to look at the new, emerging technologies in the industrial sector, their rate of adoption and their impact on workers, production processes and businesses.","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"31 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84793458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-01DOI: 10.51865/eitc.2022.01.03
E. Demirel, Feyza Arica
"The COVID-19 pandemic, which started in China in December 2019, caused the great economic recession for about ten years, threatening health, devastating economic activity, and hurting well-being and jobs. The COVID-19 crisis is one the largest globally public health and economic crisis. The COVID-19 pandemic has affected economic activities across various sectors, including tourism, supply of medical equipment, global supply chains, electronic and financial markets, energy, and food services, while also significantly impacting social activities. This paper investigates the impact of S&P 500 Volatility Index (VIX) on returns of the six sector indexes, informatics index, food index, real estate investment trust index, textile index, tourism index and Bank index from 11 March 2020 to 28 May 2021 in Turkey. Using the VAR analysis method, the results of the empirical study showed that the responses of the other indexes except for Bank index to VIX index are negative at the first. Contrary to these reactions, Bank index return reacts positively to the VIX index."
{"title":"The Interactions between Covid-19 Cases in Turkey, the VIX Index and Major Sector Indexes","authors":"E. Demirel, Feyza Arica","doi":"10.51865/eitc.2022.01.03","DOIUrl":"https://doi.org/10.51865/eitc.2022.01.03","url":null,"abstract":"\"The COVID-19 pandemic, which started in China in December 2019, caused the great economic recession for about ten years, threatening health, devastating economic activity, and hurting well-being and jobs. The COVID-19 crisis is one the largest globally public health and economic crisis. The COVID-19 pandemic has affected economic activities across various sectors, including tourism, supply of medical equipment, global supply chains, electronic and financial markets, energy, and food services, while also significantly impacting social activities. This paper investigates the impact of S&P 500 Volatility Index (VIX) on returns of the six sector indexes, informatics index, food index, real estate investment trust index, textile index, tourism index and Bank index from 11 March 2020 to 28 May 2021 in Turkey. Using the VAR analysis method, the results of the empirical study showed that the responses of the other indexes except for Bank index to VIX index are negative at the first. Contrary to these reactions, Bank index return reacts positively to the VIX index.\"","PeriodicalId":55648,"journal":{"name":"Economic Insights Trends and Challenges","volume":"11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84512850","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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