From medical equipment shortages to panic-buying, the links in supply chains are breaking but will serve as valuable learning lessons for the future, said Ednilson Bernardes, professor and program coordinator of the Global Supply Chain Management program, West Virginia University…
Tag: Economics
Business expert cautions against making general assessments about COVID-19’s economic impact
Retailers such as Macy’s, Nordstrom and Urban Outfitters have announced they will temporarily shutter stores and car maker Honda will close six U.S. plants for a week. Earlier, in-person service at restaurants and bars was ceased. R. Andrew Butters, assistant…
COVID-19 hits economy hard but sets digital tech up for market boom
As the novel coronavirus spreads and forces workers across sectors to work remotely, industries across the globe are threatened and the economy is in the crosshairs of inevitable decline. But digital technology that allows for remote interaction will increase in…
Disruption of sports has ‘substantial, uncertain’ impact on long-term broadcast rights, ticket sales, fan attendance, says economist
With fears over the novel coronavirus shuttering the sports world, Brad Humphreys, economics professor at West Virginia University, said the long-term economic impact could be “substantial” and “uncertain.” Humphreys, whose area of expertise is the economics and financing of sports, has authored several peer-reviewed…
Business strategy and economic development expert can speak about possible recession as a result of COVID-19 behavioral changes from consumers and cancellations
It might feel like 2008, but it’s not. Phil Powell, Indiana University Kelley School of Business associate dean of academic programs in Indianapolis and clinical associate professor of business economics and public policy, says he expects coronavirus fears and behavioral…
Novel coronavirus: Experts in epidemics, economics, disease modeling, other fields available for interview
Virginia Tech experts on a variety of subjects are available for media interviews related to SARS-CoV-2 (commonly referred to as the novel coronavirus.) Media experts: History of epidemics— Expert who studies history of epidemics: ‘Panic may be the worst possible response’…
Economics Expert: Combination of Coronavirus Uncertainty, Oil Crash Could Be Severe
With the global economy already slowing over coronavirus uncertainty, oil markets and stocks plunged even further Monday morning (March 9) after Saudi Arabia launched a price war against Russia over the weekend, dissolving their OPEC+ alliance. Michael Noel, a competition…
Crowdfunding — entrepreneurs should resist the urge to promise to save the Earth
Entrepreneurs seeking funds on business-oriented crowdfunding platforms should avoid over-emphasising the social or environmental benefits of their start-ups or products if they are to maximise potential investment, a new study from the University of Bath and Polytechnic University of Milan shows.
What to expect when you’re expecting electric transportation
While electric vehicles alone may not reduce carbon emissions, a new study reveals that when electric vehicles are powered with renewable energy and coupled with carbon policy strategies, they can help combat climate change without sacrificing economic growth.
EU lapses in effort to compete with big tech, takes the lead in AI ethics
CORNELL UNIVERSITY MEDIA RELATIONS OFFICEFeb. 19, 2020 EU lapses in effort to compete with big tech, takes the lead in AI ethics The European Union revealed a plan on Wednesday to compete with the growth of tech conglomerates in the…
After free lunch from drug firms, doctors increase prescriptions
Doctors prescribe more branded medications after marketing visits by the makers of those drugs, new research co-authored by a Cornell University economist confirms.
Burden of health care costs greatest among low-income Americans
Higher income American households pay the most to finance the nation’s health care system, but the burden of payments as a share of income is greatest among households with the lowest incomes, according to a new RAND Corporation study.
Study: Commercial air travel is safer than ever
It has never been safer to fly on commercial airlines, according to a new study by an MIT professor that tracks the continued decrease in passenger fatalities around the globe.
Women-only business groups marginalize and fail to empower members
Women-only business networks fail to boost female entrepreneurship and instead serve to marginalise further the very people they seek to help.
Sustainability strategies more successful when managers believe in them
New research from Cass Business School has found that business sustainability strategies can succeed alongside mainstream competitive strategies when managers believe in them.
Groups work better when stakes are gradually increased
A gradual approach to increasing the stakes of group coordination projects can improve overall team performance, according to a new research paper featuring faculty at Binghamton University, State University of New York.
Who Pays for Tariffs?
Who wins and who loses in the back and forth on tariffs? CFR’s Shannon K. O’Neil breaks down the ongoing tariff battle between the United States and China.
How to measure inequality as ‘experienced difference’
Researchers propose a novel twist on the widely used Gini coefficient—a workhorse statistical measure for gauging the gap between haves and have-nots.
Small Business Saturday has a real impact on your local economy, expert says
With ecommerce and access to national chains, small businesses can be forgotten during the holiday shopping season. By shopping small on Small Business Saturday, you can make a real impact on your local community, according to Rochelle Layman, regional director of Binghamton University’s…
U economists tally societal cost of preterm birth
From 2005 to 2016, the average cost of a preterm birth increased by 25%. The results, Waitzman said, are a starting point for focusing intervention efforts.
Research shows that early retirement can accelerate cognitive decline
Early retirement can accelerate cognitive decline among the elderly, according to research conducted by faculty at Binghamton University, State University of New York.
Driverless cars could lead to more traffic congestion
New research has predicted that driverless cars could worsen traffic congestion in the coming decades, partly because of drivers’ attitudes to the emerging technology and a lack of willingness to share their rides.
Private property, not productivity, precipitated Neolithic agricultural revolution
The Neolithic Agricultural Revolution is one of the most thoroughly-studied episodes in prehistory. But a new paper by Sam Bowles and Jung-Kyoo Choi shows that most explanations for it don’t agree with the evidence, and offers a new interpretation.
Lessons from Columbine: New technology provides insight during active shooter situations
WEST LAFAYETTE, Ind. – Run, hide, fight. It has become a mantra for how to act during an active shooter situation. The idea is to escape the situation or protect oneself, and counter the gunman as a last resort. A…