J.P. Colthurst and M.E. Shilling
The introduction of on‐line searching into a research laboratory and its acceptability vis‐a‐vis alternative information sources is discussed. In particular its cost effectiveness…
Abstract
The introduction of on‐line searching into a research laboratory and its acceptability vis‐a‐vis alternative information sources is discussed. In particular its cost effectiveness and its use to complement rather than to replace SDI are outlined.
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The Annual General Meeting of the Pure Food and Health Society of Great Britain was held at 20, Hanover Square, W., on February 27, the President, Sir PHILIP SASSOON, Bart, M.P.…
Abstract
The Annual General Meeting of the Pure Food and Health Society of Great Britain was held at 20, Hanover Square, W., on February 27, the President, Sir PHILIP SASSOON, Bart, M.P., in the chair. The Secretary, Mr. A. E. MOORE, read the following report of the Executive Committee:—
The way of thought and vision and memory is that they often come upon you unexpectedly, presenting nothing new but usually with a clarity and emphasis that it all seems new. This…
Abstract
The way of thought and vision and memory is that they often come upon you unexpectedly, presenting nothing new but usually with a clarity and emphasis that it all seems new. This will sometimes happen after a long period of indecision or when things are extremely difficult, as they have long been for the country, in most homes and among ordinary individuals. Watching one's life savings dwindle away, the nest‐egg laid down for security in an uncertain world, is a frightening process. This has happened to the nation, once the richest in the world, and ot its elderly people, most of them taught the habit of saving in early youth. We are also taught that what has been is past changing; the clock cannot be put back, and the largesse—much of it going to unprincipled spongers—distributed by a spendthrift Government as token relief is no answer, not even to present difficulties. The response can only come by a change of heart in those whose brutal selfishness have caused it all; and this may be a long time in coming. In the meantime, it is a useful exercise to consider our assets, to recognize those which must be protected at all costs and upon which, when sanity returns, the future depends.
Sakine Owjimehr and Hooman Hasanzadeh Dastfroosh
According to the Government Response tracker (oxCGRT) index, the strictest policy responses to the coronavirus pandemic from January 2020 to May 2022 belong to Italy, China, Hong…
Abstract
Purpose
According to the Government Response tracker (oxCGRT) index, the strictest policy responses to the coronavirus pandemic from January 2020 to May 2022 belong to Italy, China, Hong Kong, Greece, Austria, Peru, Singapore and Malaysia. The main question is: “this level of strictness has been able to reduce the uncertainty of the stock market?”
Design/methodology/approach
To achieve this goal, the authors investigated the effect of oxCGRT index, and the growth rate of COVID-19 confirms cases on stock market uncertainty from January 2020 to May 2022 in the GARCH, EGARCH and TGARCH models.
Findings
Among these countries, the oxCGRT index has reduced uncertainty in the stock market only in Malaysia and Singapore. This result says an appropriate pattern of applying government policy responses is more important than the degree of stringency.
Originality/value
The study will contribute to the existing literature by examining the impact of the comprehensive oxCGRT index on the uncertainty of the stock market.
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Mustapha Ishaq Akinlaso, Aroua Robbana and Nura Mohamed
This paper aims to investigate the risk-return and volatility spillover within the Tunisian stock market during the COVID-19 pandemic analyzing both the Islamic and conventional…
Abstract
Purpose
This paper aims to investigate the risk-return and volatility spillover within the Tunisian stock market during the COVID-19 pandemic analyzing both the Islamic and conventional stocks’ performance.
Design/methodology/approach
Both symmetric (GARCH and GARCH-M) and asymmetric (Threshold GARCH and Exponential GARCH) models are used to analyze the market returns and volatility response. Standard and Poor’s (S&P) index has been used to test both the Islamic and conventional stocks within the Tunisian stock market.
Findings
The findings suggest that both Tunisia Islamic and conventional stock markets are highly persistent; however, the conventional stock index showed a negative return spillover on the Islamic stocks during the pandemic. The conventional stock index has also shown a higher exposure to risk for a lower amount of return, and evidence of potential diversification benefit between both indexes was found during the pandemic, whereas the Islamic market showed a positive leverage effect, indicating a positive correlation between past return and future return; the conventional index implied a negative leverage effect.
Originality/value
The value of this paper emerges in studying three main aspects that are specific to the Tunisian stock market. This includes COVID-19 effect of return spillovers, volatility transmission across both conventional and Islamic stock market within the local financial market.
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By combining econometrics and multifractal methods, utilizing a financial framework, this paper will examine with objectivity the economic, financial and social impact of…
Abstract
Purpose
By combining econometrics and multifractal methods, utilizing a financial framework, this paper will examine with objectivity the economic, financial and social impact of coronavirus disease 2019 (COVID-19) on society.
Design/methodology/approach
Through Granger causality, the authors test the effect of the COVID-19 pandemic on excessive gaming and gambling activities, and through econometrics and multifractal methods, they combine the results to analyze a possible long-run relationship.
Findings
The COVID-19 confirmed cases Granger cause all examined stocks. Based on the co-integration technique, and the multifractal cross-correlation analysis, a long-run relationship exists between all examined stocks and COVID-19.
Originality/value
This is an empirical examination of a very important subject in the field of economics, namely, the consequences of the COVID-19-related events on the behavior of global citizens. It proposes a different and more objective approach (than the interviews and questionnaires) in the examination of this specific subject, through a financial framework, depicting the stock performance of the gaming and online gambling-related companies, and reflecting on the activity of these companies. It combines two different approaches from two different disciplines, namely econometrics and multifractal analysis, to test and describe the causal and the long-run relationship between the phenomena examined, combining the results to an overall and multidimensional view of this occurrence.