Afleveringen
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Max and Professor Barsbai sit down to discuss the effects recession have for migrants moving in these time periods, as well as the economic effects of migrants across America and Europe in the current day.Professor Toman Barsbai:https://sites.google.com/view/tomanbarsbai/Timestamps:00:00: Introduction.00:28: What Factors Drive the Economic Integration of Migrants?05:55: Business Cycle Effects on Migrants.10:58: Non-Economic Outcomes on Migrants.11:55: Methodologies of Toman's Research.15:31: Types of Visas/Migration Paths and Their Impact.20:19: Why Aren't Asylum Seekers Permitted to Work?22:10: How Many Refugees are Allowed to Move?24:14: What is Resettlement & What is the Impact of the Scheme?26:23: What Policies Could Help Economic Integration of Migrants?37:22: UK VS EU Refugees.39:11: Internationally Transferable Qualifications (Under-skilling Issue).43:44: What Research Toman Would Like to See Conducted in the Future.45:26: Toman's Other Research.Toman's Research Mentioned:1) Immigrating into a recession: https://drive.google.com/file/d/1d9z6Ir4huSsI-DZ6Mr9q79Yp8WW8HgQm/view?usp=share_link2) Pre-departure information for Filipino immigrants to the U.S.: https://drive.google.com/file/d/1K-6AJO_dl5IDCwiQlkgn4ivEx8jTyEMW/view?usp=share_link3) Mistreatment of migrant workers: https://drive.google.com/file/d/1iu7S3qRASs2gHESaiSj08Q_uXsOIDjbj/view?usp=sharingSocials:Tiktok: https://www.tiktok.com/@marginalbabbleInstagram: https://www.instagram.com/maxdorey96/Twitter: https://twitter.com/MaxDorey1LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/Website: https://marginalbabble.com/
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1 in 20 people aged 16 and over experienced some form of Domestic Violence and Abuse in 2021/2022 in the UK, per the Office of National Statistics. In light of these numbers, and the impacts of another economic recession in the UK looming large, Max and Professor Sid Bandyopadhyay sit down to discuss the impacts of Domestic Violence on the socio-economic environment. Enjoy!Professor Sidd Bandyopadhyay:https://www.birmingham.ac.uk/staff/profiles/business/bandyopadhyay-siddharthaReferences1) Unemployment substantially increases domestic violence, new study finds, CAGE Research Centre, 2021https://warwick.ac.uk/fac/soc/economics/research/centres/cage/news/05-10-21-unemployment_substantially_increases_domestic_violence_new_study_finds/2) Domestic abuse prevalence and trends, England and Wales: year ending March 2021, Office for National Statistics, 2021https://www.ons.gov.uk/peoplepopulationandcommunity/crimeandjustice/articles/domesticabuseprevalenceandtrendsenglandandwales/yearendingmarch20213) Crime in England and Wales: year ending September 2021, Office for National Statistics, 2021https://www.ons.gov.uk/peoplepopulationandcommunity/crimeandjustice/bulletins/crimeinenglandandwales/yearendingseptember20214) Coronavirus: Domestic abuse offences increased during pandemic, BBC News, 2020https://www.bbc.co.uk/news/uk-550732295) The Rise of Intimate Partner Violence During the Great Recession, Mel Policicchio, 2016https://spia.princeton.edu/news/rise-intimate-partner-violence-during-great-recession6) About CARA, projectcara.org.uk, 2024https://projectcara.org.uk/about/7) Batterer Intervention Program (BIP), Cunha & Caridade, 2023https://link.springer.com/referenceworkentry/10.1007/978-3-030-85493-5_88-18) Impact evaluation and economic benefit analysis of a domestic violence and abuse UK police intervention, Karavias et al, 2023https://www.frontiersin.org/journals/psychology/articles/10.3389/fpsyg.2023.1063701/full9) Regional ethnic diversity, Gov.uk, 2022https://www.ethnicity-facts-figures.service.gov.uk/uk-population-by-ethnicity/national-and-regional-populations/regional-ethnic-diversity/latest/#10) Costs per place and costs per prisoner by individual prison, Ministry of Justice, 2023https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1140557/costs-per-place-and-costs-per-prisoner-2021-to-2022-summary.pdf11) How Norway turns criminals into good neighbours, BBC News, 2019https://www.bbc.co.uk/news/stories-4888584612) Cost of living: Why are things so hard for so many people?, BBC News, 2022https://www.bbc.co.uk/news/uk-6212806913) NHS backlog data analysis, British Medical Association, 2024https://www.bma.org.uk/advice-and-support/nhs-delivery-and-workforce/pressures/nhs-backlog-data-analysis14) Crime in England and Wales: year ending September 2021, Office for National Statistics, 2021https://www.ons.gov.uk/peoplepopulationandcommunity/crimeandjustice/bulletins/crimeinenglandandwales/yearendingseptember202115) Crime in England and Wales: year ending September 2021, Office for National Statistics, 2021https://www.ons.gov.uk/peoplepopulationandcommunity/crimeandjustice/bulletins/crimeinenglandandwales/yearendingseptember2021
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Zijn er afleveringen die ontbreken?
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In real terms, house prices in the UK have risen considerably over the past several decades, particularly when compared to average incomes. This not only affects the ability of first-time buyers to get on the property ladder, but impacts consumer spending and other aspects of the economy. In this episode of the Marginal Babble Podcast, I sit down with Professor David Miles CBE to discuss real house price inflation and the role interest rates are playing in this regard.David is a professor of financial economics at Imperial university, has held the position of Chief UK Economist at both Merrill Lynch and Morgan Stanley investment banks and was a member of the Monetary Policy Committee at the Bank of England from 2009 to 2015.As ever, referenced research material is included below.Enjoy!Professor David Miles CBE:https://www.imperial.ac.uk/people/d.milesReferences:1) UK Interest Rate History / Graph & Facts, propertyinvestmentproject.co.uk, 2024https://www.propertyinvestmentproject.co.uk/property-statistics/uk-interest-rate-history-graph/2) Official Bank Rate history, Bank of England, 2024https://www.bankofengland.co.uk/boeapps/database/Bank-Rate.asp3) United Kingdom Historical Inflation Rates, inflationtool.com, 2024https://www.inflationtool.com/rates/uk/historical4) Gross domestic savings (% of GDP) â China, World Bank, 2024https://data.worldbank.org/indicator/NY.GDS.TOTL.ZS?locations=CN5) Countries in the world by population (2024), worldometers.info, 2024https://www.worldometers.info/world-population/population-by-country/6) Car parc in China from 2011 to 2022, Statista, 2024https://www.statista.com/statistics/285306/number-of-car-owners-in-china/7) UK house prices and three decades of decline in the riskâfree real interest rate, David Miles & Victoria Monro, 2019https://www.bankofengland.co.uk/working-paper/2019/uk-house-prices-and-three-decades-of-decline-in-the-risk-free-real-interest-rate8) Countries by Population Density | Countries by Density 2024, worldpopulationreview.com, 2024https://worldpopulationreview.com/country-rankings/countries-by-density9) Map of London's Green Belt including sites threatened with development, London Green Belt Council, 2024https://londongreenbeltcouncil.org.uk/10) urban sprawl, John Rafferty, 2024https://www.britannica.com/topic/urban-sprawl11) U.K. Fertility Rate 1950-2024, macrotrends.net, 2024https://www.macrotrends.net/countries/GBR/united-kingdom/fertility-rate12) What is RAAC concrete and why is it a safety risk?, BBC News, 2023https://www.bbc.co.uk/news/education-6666923913) Grenfell Tower inquiry: 9 things we now know about the cladding, Tom Symonds, 2021https://www.bbc.co.uk/news/uk-5640343114) 6 Crazy Facts About Tokyo's Population (2021) - Inside the Worldâs Top Megacity, livejapan.com, 2021https://livejapan.com/en/in-tokyo/in-pref-tokyo/in-tokyo_suburbs/article-a0002533/15) HS2 explained: Why people are fighting the UKâs âweakâ and âineptâ new railway, Shannon McDonagh, 2021https://www.euronews.com/green/2021/09/13/hs2-explained-why-people-are-fighting-uk-s-weak-and-inept-new-railway16) HS2: What is the route and why is the Manchester link scrapped?, BBC News, 2023https://www.bbc.co.uk/news/uk-1647329617) UK house prices and three decades of decline in the riskâfree real interest rate, David Miles & Victoria Monro, 2019https://www.bankofengland.co.uk/working-paper/2019/uk-house-prices-and-three-decades-of-decline-in-the-risk-free-real-interest-rate18) House price to income ratio in United Kingdom (UK) from 1st quarter 2012 to 3rd quarter 2022, statista.com, 2024https://www.statista.com/statistics/591728/house-price-to-income-ratio-the-uk/19) par excellence, Cambridge Dictionary, 2024https://dictionary.cambridge.org/dictionary/english/par-excellence20) First-time buyer statistics and facts: 2023, Claire Flynn, 2023https://www.money.co.uk/mortgages/first-time-buyer-mortgages/statistics
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With the landmark American overturning of âRoe vs Wadeâ on 24th June 2022, greater focus than ever is being placed on the impacts and arguments surrounding abortion policy. This is further evidenced by how over 60 countries have changed their national abortion policies in the last 30 years alone. In the midst of this controversy, Max and Professor Clarke sit down to discuss his research into the effects of more liberal abortion policies being initiated in Mexico, as well as other evidence to the effects of abortion policy on economic development indicators.Professor Clarke is an Associate Professor in the Department of Economics at the University of Exeter and University of Chille, is a Research Fellow at IZA, and an affiliate with the Millennium Institute for Research in Market Imperfections and Public Policy.As ever referenced research material is included down below.Enjoy!Professor Damian Clarke:https://business-school.exeter.ac.uk/economics/research/subject-themes/profile/index.php?web_id=Damian-Clarkehttp://damianclarke.net/References:1) US supreme court overturns abortion rights, upending Roe v Wade, Glenza et al, 2022https://www.theguardian.com/world/2022/jun/24/roe-v-wade-overturned-abortion-summary-supreme-court#:~:text=The%20supreme%20court%20has%20ruled,fracture%20reproductive%20rights%20in%20America.2) WHERE DO ABORTION RIGHTS STAND IN THE WORLD IN 2023?, focus2030.org, 2023https://focus2030.org/Where-do-abortion-rights-stand-in-the-world-in-2023#:~:text=The%20vast%20majority%20of%20countries,strictly%20prohibited%20in%2024%20countries.3) Abortion Law: Global Comparisons, Women and Foreign Policy, 2023https://www.cfr.org/article/abortion-law-global-comparisons#:~:text=In%20the%20last%20thirty%20years,women%20can%20access%20abortion%20services.4) Taylor Rule Definition, Adam Hayes, 2023https://www.investopedia.com/terms/t/taylorsrule.asp5) Nobel Prize: Claudia Goldin wins 2023 award for economics, Arthur Sullivan, 2023https://www.dw.com/en/nobel-prize-claudia-goldin-wins-2023-award-for-economics/a-670219196) fertility rate, Natalie Smoak, 2023https://www.britannica.com/topic/fertility-rate7) Fertility rate, total (births per woman), World Bank, 2022https://data.worldbank.org/indicator/SP.DYN.TFRT.IN?view=map8) UK population pyramid, Office for National Statistics, 2023https://www.ons.gov.uk/peoplepopulationandcommunity/populationandmigration/populationestimates/articles/ukpopulationpyramidinteractive/2020-01-089) French plan to raise retirement age by two years to 64, Williamson & Fouche, 2023https://www.bbc.co.uk/news/world-europe-6422937910) Romaniaâs abortion ban tore at society, a warning for U.S, Gail Kligman, 2022https://www.washingtonpost.com/made-by-history/2022/09/15/romania-exposes-how-abortion-bans-kill-women-rip-society-apart/11) What Argentinaâs âgreen handkerchiefâ movement is all about, Jill Filipovic, 2020https://edition.cnn.com/2020/12/30/opinions/argentina-abortion-legalization-significance-filipovic/index.html12) Are Abortions Linked to an Increased Risk of Breast Cancer?, Alex Kasprak, 2017https://www.snopes.com/fact-check/abortion-breast-cancer-link/13) End Poverty: Millennium Development Goals and Beyond 2015, un.org, 2023https://www.un.org/millenniumgoals/Socials:Tiktok: https://www.tiktok.com/@marginalbabbleInstagram: https://www.instagram.com/maxdorey96/Twitter: https://twitter.com/MaxDorey1LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/Website: https://marginalbabble.com/
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Can we be guided to 'better' decision making? and should we...In this episode of the Marginal Babble Podcast, I sit down with Dr Jingnan (Cecilia) Chen to discuss behavioural nudges, how they can be used to guide our decision making and the ethical questions they pose. Dr Chen has a PhD in Economics from George Mason University, and her research focuses on Behavioural Economics and Game Theory. As ever referenced research material is included below.Enjoy!Timestamps:00:00 Opening00:30 Introduction01:12 What is a ''Nudge"?02:01 Examples of Nudges03:59 Ethics of Nudge Use08:01 "When a nudge is (not) enough" Research Discussion16:56 What is a Prisoners Dilemma?20:21 Prisoners Dilemma in the Research 24:35 Takeaways from the Study29:35 Is the use of Students Compromising Scientific Research?31:43 Governmental Use of Nudges34:28 Are Nudges Cost-Effective?38:39 Should Nudge Use Be Regulated?40:24 Subscription Auto-Renewals45:52 What Behavioural Economics Research Should Be Conducted in the Future?48:55 Cecilia's Other Research50:23 OutroDr Cecilia Chen:https://business-school.exeter.ac.uk/people/profile/index.php?web_id=Cecilia_ChenReferences:1) When Choice is Demotivating: Can One Desire Too Much of a Good Thing?, Iyengar & Lepper, 2000https://faculty.washington.edu/jdb/345/345%20Articles/Iyengar%20%26%20Lepper%20(2000).pdf2) The meaning of default options for potential organ donors, Davidai et al, 2012https://www.pnas.org/doi/10.1073/pnas.12116951093) How to Spotâand AvoidâDark Patterns on the Web, Eric Ravenscraft, 2020https://www.wired.com/story/how-to-spot-avoid-dark-patterns/4) When a nudge is (not) enough: Experiments on social information and incentives, Jingnan (Cecilia) Chen et al, 2021https://www.sciencedirect.com/science/article/abs/pii/S00142921210006475) Prisonerâs Dilemma, CFI, 2023https://corporatefinanceinstitute.com/resources/economics/prisoners-dilemma/6) Pareto Efficiency, Game Theory 101, 2023https://gametheory101.com/courses/game-theory-101/pareto-efficiency/7) Sustainable Development of the Ocean Economy! | Marginal Babble Ep.11 with Dr Ethan Addicott, Marginal Babble Podcast, 2023https://youtu.be/hrGOEvdgOfU8) âNudge Unitâ, Jill Rutter, 2020https://www.instituteforgovernment.org.uk/article/explainer/nudge-unit9) Behavioural Economics - What is Loss Aversion?, tutor2u.com, 2023https://www.tutor2u.net/economics/reference/behavioural-economics-loss-aversion10) How Much Choice is Too Much? Contributions to 401(k) Retirement Plans, Iyengar et al, 2004https://academic.oup.com/book/36222/chapter-abstract/315665311?redirectedFrom=fulltext&login=false11) Axioms of Consumer Preference and Theory of Choice, David Autor, 2010https://dspace.mit.edu/bitstream/handle/1721.1/109484/14-03-fall-2010/contents/lecture-notes/MIT14_03F10_lec03.pdf12) The Prize in Economic Sciences 2017, nobelprize.org, 2023https://www.nobelprize.org/prizes/economic-sciences/2017/popular-information/13) Subscription Businesses Are Booming. Hereâs How to Value Them, McCarthy & Fader, 2017https://hbr.org/2017/12/subscription-businesses-are-booming-heres-how-to-value-them14) She uncovered key drivers of gender differences in the labour market, nobelprize.org, 2023https://www.nobelprize.org/prizes/economic-sciences/2023/press-release/15) How Much Will Climate Change Reduce Productivity in a High-Technology Supply Chain? Evidence from Silicon Wafer Manufacturing, Chen et al, 2023https://link.springer.com/article/10.1007/s10640-023-00803-4Socials:Tiktok: https://www.tiktok.com/@marginalbabbleInstagram: https://www.instagram.com/maxdorey96/Twitter: https://twitter.com/MaxDorey1LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/
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According to Andrea Borgarello at The World Bank, “A healthy ocean
provides jobs and food, sustains economic growth, regulates the climate,
and supports the well-being of coastal communities”. Our oceans and
ocean economy have not only a distinct impact on global food production,
but also provide us with incredible habitats and vibrant biodiversity.
As the world’s largest carbon sink, we need to protect the oceans whilst
still using it to provide for the approximately 600 million livelihoods
globally that depend at least partially on fisheries and aquaculture.
In today’s episode, I sit down to talk with Dr Ethan Addicott out of the
University of Exeter to discuss the permitting of the fishing industry
in Alaska and how such schemes affect the wider economy.
His work combines theory with detailed biogeophysical and economic data
to better understand changes in natural capital assets. Ethan frequently
works with natural scientists and other economists to accelerate
progress toward a sustainable future.
Dr Ethan Addicott:
https://business-school.exeter.ac.uk/people/profile/index.php?web_id=Ethan_Addicott
Timestamps:
00:00 Opening
00:29 Introduction
01:05 Outline of Research Paper
02:47 Ocean Degradation
03:21 Why Fishing Permits?
09:39 Fisheries Spillovers
11:30 What are Fisheries?
17:06 Research Results
21:37 Other Research on Fisheries
27:03 Why Regulating a Technology Might Be Bad for a Resource?
30:33 Free Markets VS Regulation
33:52 Downsides of Fishery Permits
34:40 Data Collection/Analysis on Research Paper
36:10 New Policy Opportunities?
42:28 Opportunities for Future Research?
47:38 Ethan's Other Work
48:55 Outro
Video References:
1) Dumped fishing gear is biggest plastic polluter in ocean, finds
report, Sandra Laville, 2019
https://www.theguardian.com/environment/2019/nov/06/dumped-fishing-gear-is-biggest-plastic-polluter-in-ocean-finds-report
2) Identifying the potential for cross-fishery spillovers: a network
analysis of Alaskan permitting patterns, Addicott, Kroetz, Reimer,
Sanchirico, Lew and Huetteman, 2018
https://cdnsciencepub.com/doi/10.1139/cjfas-2017-0550
3) Lotka-Volterra Equations, Eric Weisstein, 2023
https://mathworld.wolfram.com/Lotka-VolterraEquations.html
4) What Is the Prisoner's Dilemma and How Does It Work?, Investopedia,
2023
https://www.investopedia.com/terms/p/prisoners-dilemma.asp
5) 30 Years of Limited Entry, Frank Homan, 2023
https://seagrant.uaf.edu/events/fish-com2/ppts/homan-limitedentry-summary.pdf
6) Can Catch Shares Prevent Fisheries Collapse?, Christopher Costello et
al, 2008
https://www.science.org/doi/10.1126/science.1159478
7) Did NATIONALISATION Help the Rail Industry? | Marginal Babble Ep.6
with Dr Mark Casson, Maxwell Dorey, 2023
https://youtu.be/p8l9UwTHW6c
8) Being BETTER with Data Analysis! | Marginal Babble Ep.9 with Dr
Shixuan Wang, Maxwell Dorey, 2023
https://youtu.be/0hT4Ly5fc80
9) Magnuson-Stevens Fishery Conservation and Management Act, NOAA
Fisheries, 2007
https://www.fisheries.noaa.gov/resource/document/magnuson-stevens-fishery-conservation-and-management-act
10) Has the Brexit fishing promise come true?, Tamara Kovacevic, 2023
https://www.bbc.co.uk/news/64430216
11) United Nations Decade of Ocean Science for Sustainable Development
(2021-2030), Unesco, 2023
https://en.unesco.org/ocean-decade
12) Coastal zone management, UN Environment Programme, 2023
https://www.unep.org/explore-topics/oceans-seas/what-we-do/working-regional-seas/coastal-zone-management
13) How climate change is re-allocating ocean wealth – and why it
matters, Ethan Addicott, 2023
https://business-school-expertise.exeter.ac.uk/article/how-climate-change-is-re-allocating-ocean-wealth/
Socials:
Tiktok: https://www.tiktok.com/@marginalbabble
Instagram: https://www.instagram.com/maxdorey96/
Twitter: https://twitter.com/MaxDorey1
LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/ -
Global population has exploded over the last 50 years, and with it, our demand for food production. This time-period has also seen a tremendous increase in acknowledgement of how we as the human race are impacting the global environment and the countless species that inhabit it. In todayâs episode I sit down with Professor Ian Bateman OBE to discuss how modern farming and agricultural practices are impacting biodiversity across the globe. Despite numerous measures and policies initiated by world governments, Professor Bateman outlines to me how such measures have not been as effective as we might have expected and how they must change if we want to preserve biodiversity on our planet.Ian is an environmental economist whose research covers the issues of ensuring sustainable wellbeing, particularly with regard to decision making and policy. Ian is also a member of the First Minister's Environmental Council advising the Scottish Government and was awarded his OBE in 2013 for services to environmental science and policy. As ever referenced research material is included below.Professor Ian Bateman OBE:https://business-school.exeter.ac.uk/people/profile/index.php?web_id=Ian_BatemanReferences 1) Population, total, worldbank.org, 2023https://data.worldbank.org/indicator/SP.POP.TOTL2) Soy, wwf.panda.org, 2023https://wwf.panda.org/discover/our_focus/food_practice/sustainable_production/soy/3) Trophic levels in an ecosystem â AQA: Transfer of biomass, BBC Bitesize, 2023https://www.bbc.co.uk/bitesize/guides/zs7gw6f/revision/34) âWe have to pay more for foodâ: Britainâs biggest tomato farmer on the runaway costs of growing, theguardian.com, 2023https://www.theguardian.com/business/2023/feb/23/we-have-to-pay-more-for-food-britains-biggest-tomato-farmer-on-the-runaway-costs-of-growing5) UK has 'led the world' in destroying the natural environment, Josh Davis, 2020https://www.nhm.ac.uk/discover/news/2020/september/uk-has-led-the-world-in-destroying-the-natural-environment.html6) Organic farming, yara.co.uk, 2023https://www.yara.co.uk/grow-the-future/sustainable-farming/organic-farming/7) How Sri Lanka Went Bankrupt, Waez Asif Sattar, 2022https://oxfordpoliticalreview.com/2022/07/30/how-sri-lanka-went-bankrupt/8) Prisonerâs Dilemma, corporatefinanceinstitute.com, 2023https://corporatefinanceinstitute.com/resources/economics/prisoners-dilemma/9) Climate change already worse than expected, says new UN report, Kieran Mulvaney, 2022https://www.nationalgeographic.com/environment/article/climate-change-already-worse-than-expected-un-report10) A nationwide study of factors associated with household car ownership in China, Le Vine et al, 2018https://www.sciencedirect.com/science/article/pii/S038611121730061411) Per capita greenhouse gas emissions 2021, Jones et al, 2023https://ourworldindata.org/grapher/per-capita-ghg-emissions12) GDP (current US$) â China, worldbank.org, 2023https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=CN13) World Poverty Rate 1981-2023, macrotrends.net, 2023https://www.macrotrends.net/countries/WLD/world/poverty-rate14) 30 by 30 explained, NatureScot.com, 2023https://www.nature.scot/professional-advice/protected-areas-and-species/30-30-and-nature-networks/30-30-explained15) Rich landowners paid millions in farming subsidies, BBC News, 2012https://www.bbc.co.uk/news/uk-1722565216) EU plans CAP reforms for 'greener' farm subsidies, BBC News, 2011https://www.bbc.co.uk/news/world-europe-15272815Socials:Tiktok: https://www.tiktok.com/@marginalbabbleInstagram: https://www.instagram.com/maxdorey96/Twitter: https://twitter.com/MaxDorey1LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/
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In todayâs episode I sit down to talk with Dr Shixuan Wang out of the University of Reading, to discuss econometrics, data analysis and how businesses can incorporate better analytics into their operations. As always links to referenced research material are included in the description and without further ado lets get into the episode, enjoy! References: 1) Volume of data/information created, captured, copied, and consumed worldwide from 2010 to 2020, with forecasts from 2021 to 2025, Statista.com, 2023 https://www.statista.com/statistics/871513/worldwide-data-created/ 2) What Is Big Data? Definition, How It Works, and Uses, Troy Segal, 2022 https://www.investopedia.com/terms/b/big-data.asp 3) What It Means When a Variable Is Spurious, Ashley Crossman, 2020 https://www.thoughtco.com/spuriousness-3026602 4) Policy, Risk and Spillover Analysis in the World Economy: A Panel Dynamic Stochastic General Equilibrium Approach, Francis Vitek, 2017 https://www.imf.org/-/media/Files/Publications/WP/2017/wp1789.ashx 5) Mostly Harmless Econometrics: An Empiricist's Companion, Angrist & Pischke, 2008 https://books.google.co.uk/books?id=ztXL21Xd8v8C&pg=PA227&redir_esc=y#v=onepage&q&f=false 6) Modelling Australian electricity prices using indicator saturation, Apergis, Pan, Reade & Wang, 2023 https://centaur.reading.ac.uk/111043/ Socials: Tiktok: https://www.tiktok.com/@marginalbabble Instagram: https://www.instagram.com/marginalbabblepodcastTwitter: https://twitter.com/MaxDorey1 LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/
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With the European continent seemingly in the midst of its largest military conflict since WW2, Max and Dr Mihailov sit down to discuss the changing public opinion towards the EU, the impact of the Russo-Ukrainian war and the future thatâs coming on the horizon.References:See YouTube Video description for full references list.
https://youtu.be/ck3KexYdnAY
Socials:
Tiktok: https://www.tiktok.com/@maxwelldorey?lang=enInstagram: https://www.instagram.com/maxdorey96/Twitter: https://twitter.com/MaxDorey1LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/
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In 1807, Britain passes the 'Abolition of the Slave Trade Act' which formally outlaws the buying and selling of enslaved people within the British empire. Although this took several more decades to effectively implement, it did eventually abolish slavery across the empire. What resulted in its wake however was the use of periodic labour contracts where individuals were required to work for a specific period, generally for no or very little money. This became to be known as 'Indentured Labour' and to many is considered the start of what we would call today 'Modern Slavery'. In todayâs episode I sit down and talk to Professor Uma Kambhampati about Indian Indentured labour, itâs links to modern slavery, as well as the labour economics facing India in the current day.Uma is head of the School of Politics, Economics and International Relations at Reading University and holds a PhD in Economics from Cambridge university. Umaâs research as a whole focuses on applied development economics with particular focus in recent years on inequalities relating to gender. Professor Uma Kambhampati:https://www.reading.ac.uk/economics/our-staff/uma-kambhampatiAs always referenced research material is included below . Enjoy! References:1) The Sweet and Sour History of Sugar Prices, winton.com, 2017https://www.winton.com/longer-view/the-sweet-and-sour-history-of-sugar-prices2) Between unfreedoms: The Role of caste in decisions to repatriate amount indentured workers, Hui & Kambhampati, 2021https://onlinelibrary.wiley.com/doi/10.1111/ehr.131153) Asymmetric Information in Economics Explained, Bloomenthal, 2021https://www.investopedia.com/terms/a/asymmetricinformation.asp4) Over 180 Years of Indians in the Caribbean, Wilson, 2021https://exceptionalcaribbean.com/2021/05/28/over-180-years-of-indians-in-the-caribbean/5) Modern slavery cases rise in Lancs as Home Office accuse victims of 'abusing system', Farnworth, 2022https://www.lancashiretelegraph.co.uk/news/23060146.modern-slavery-cases-rise-lancs-home-office-accuse-victims-abusing-system/6) India's jobs crisis is more serious than it seems, Biswas, 2022https://www.bbc.co.uk/news/world-asia-india-598702977) India: Youth unemployment rate from 1999 to 2021, statista.com, 2023https://www.statista.com/statistics/812106/youth-unemployment-rate-in-india/8) Underemployment: Definition, Causes, and Example, Chen, 2022https://www.investopedia.com/terms/u/underemployment.asp9) India unveils higher spending for infrastructure in growth budget, Monnappa et al, 2022.https://www.reuters.com/markets/europe/view-india-unveils-higher-spending-infrastructure-growth-budget-2022-02-01/10) India: extreme inequality in numbers, oxfam.org, 2023https://www.oxfam.org/en/india-extreme-inequality-numbers11) Marginal Propensity to Consume (MPC) in Economics, With Formula, investopedia.com, 2022.https://www.investopedia.com/terms/m/marginalpropensitytoconsume.asp12) Ease of Doing Business rankings, The World Bank, 2019https://archive.doingbusiness.org/en/rankingsSocials:Tiktok: https://www.tiktok.com/@maxwelldorey?lang=enInstagram: https://www.instagram.com/maxdorey96/Twitter: https://twitter.com/MaxDorey1LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/
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With approximately 1.7bn individual journeys in 2019, the rail industry forms a significant factor in how people and goods flow around the UK economy. Given the recent headlines and press coverage of the sector, Max and Dr Mark Casson sit down to discuss the history of the British rail industry, itâs nationalization in the early 20th century and how the modern economic climate will affect the network in the near future!Referenced Research Material:1) Losses of Water in the Canal System, TheConstructor.org, access date 08.04.2023.https://theconstructor.org/water-resources/losses-of-water-in-the-canal-system/37896/#:~:text=Evaporation%20and%20seepage%20loss%20in,the%20design%20of%20channel%20capacity.2) Railways Act 1921, gov.ukhttps://www.legislation.gov.uk/ukpga/Geo5/11-12/55/enacted3) HS2 Project Update, hs2.org.uk, 2023https://www.hs2.org.uk/what-is-hs2/hs2-project-update/#:~:text=HS2%20is%20Britain's%20new%20high,social%20regeneration%20project%20in%20decades.4) Photographs from the surplus vehicle boneyards of World War Two, 1945-1948, rarehistoricalphotos.com, 2023https://rarehistoricalphotos.com/surplus-boneyards-world-war-two/
5) Concerns raised over rail electrification pace with only 2.2km of track added in last year, newcivilengineer.com, 2023https://www.newcivilengineer.com/latest/concerns-raised-over-rail-electrification-pace-with-only-2-2km-of-track-added-in-last-year-31-01-2023/#:~:text=At%20the%20current%20glacial%20rate,was%20achieved%20in%202020%2F21.6) Rail fares across Europe: The countries with the most expensive train tickets, euronews.com, 2023https://www.euronews.com/travel/2023/01/09/rail-fares-across-europe-the-countries-with-the-most-expensive-train-tickets7) East coast mainline pays taxpayers ÂŁ1bn sparking fresh reprivatisation fury, theguardian.com, 2014https://www.theguardian.com/uk-news/2014/aug/04/east-coast-mainline-fury-reprivatisation-plan8) UK holidaymakers face âgreen premiumâ for travelling by train, inews.co.uk, 2021https://inews.co.uk/news/environment/uk-holidaymakers-face-green-premium-for-travelling-by-train-1101572?ico=in-line_link9) Elon Muskâs The Boring Company to take on hyperloop project, techcrunch.com, 2022https://techcrunch.com/2022/04/24/elon-musks-the-boring-company-to-take-on-hyperloop-project/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAB5m-hnKTlzr3umagUe7sMmmoli1XK6kVK_5QgaV2f09itzE2-oopa6ga-q6aXflTTPnSr2xRsTXUndd-R3-yM9fVnyPvPaBTYrbQErPqOaPB3rFCAnH8RqTC_YZLVLnA4Xm1htHuD1UQn4HKWGoYMJaSJpSdmhBXT27oiQk9gVG10) Elizabeth Line: More than 100 million journeys on Elizabeth Line, says YouGov, BBC News, 2023https://www.bbc.co.uk/news/uk-england-berkshire-6470251811) World's First Railway System: Enterprise, Competition, and Regulation on the Railway Network in Victorian Britain, Mark Casson, 2009https://www.amazon.co.uk/Worlds-First-Railway-System-Competition/dp/0199213976Socials:Tiktok: https://www.tiktok.com/@maxwelldorey?lang=enInstagram: https://www.instagram.com/maxdorey96/Twitter: https://twitter.com/MaxDorey1LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/
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Why is it that banks do not lend to real businesses? What caused the 2008 financial crisis? Why do modern macro-economic models so often fail? In this episode of the Marginal Babble Podcast I sit down with Dr Sheri Markose to discuss these questions and find out why so often economic policy fails in achieving its objectives.Sheri has been a Professor at the Essex University Economics Department since 2006 and has a PhD in Economics from the London School of Economics. Referenced Research Material:1) Bank Lending To The Real Economy by finance-watch.orghttps://www.finance-watch.org/uf/bank-lending-to-the-real-economy/2) The great mortgaging, by Moritz Schularick, Alan M. Taylor & Oscar Jorda, 2014https://cepr.org/voxeu/columns/great-mortgaging3) Global Financial Stability Report, October 2008: Financial Stress and Deleveraging Macro financial Implications and Policy, 2008https://www.imf.org/en/Publications/GFSR/Issues/2016/12/31/Global-Financial-Stability-Report-October-2008-Financial-Stress-and-Deleveraging-Macrofi-220274) Modeling Rational Players: Part I, by Ken Binmore, 2008https://www.cambridge.org/core/journals/economics-and-philosophy/article/abs/modeling-rational-players-part-i/C7D2FE263BD21AAF0BAEF8856CEDA3FB 5) Multi-Agent Financial Network (MAFN) Model of US Collateralized Debt Obligations (CDO): Regulatory Capital Arbitrage, Negative CDS Carry Trade and Systemic Risk Analysis, by Sheri M. Markose, Bewaji Oluwasegun & Simone Giansante, 2012https://repository.essex.ac.uk/3712/1/dp714.pdf6) Banking on the State by Piergiorgio Alessandri & Andrew G Haldanehttp://qed.econ.queensu.ca/faculty/milne/870/Bank%20on%20the%20State.pdf7) Papers by Sheri Markose Complexification of eukaryote phenotype: Adaptive immuno-cognitive systems as unique Gödelian blockchain distributed ledger, by Sheri Markose, 2022https://www.sciencedirect.com/science/article/pii/S0303264722001022Genomic Intelligence as Ăber Bio-Cybersecurity: The Gödel Sentence in Immuno-Cognitive Systems, by Sheri Markose, 2021https://pubmed.ncbi.nlm.nih.gov/33805411/8) Complex type 4 structure changing dynamics of digital agents: Nash equilibria of a game with arms race in innovations, by Sheri Markose, 2017https://www.aimsciences.org/article/doi/10.3934/jdg.20170159) Early warning of systemic risk in global banking: eigen-pair R number for financial contagion and market price-based methods, by S Markose, S Giansante, NA Eterovic & M Gatkowski, 2021https://link.springer.com/article/10.1007/s10479-021-04120-110) Cantorâs Diagonal Lemmahttps://mathworld.wolfram.com/CantorDiagonalMethod.html11) The Sensory Order: An Inquiry into the Foundations of Theoretical Psychology by F. A. Hayek, https://www.abebooks.co.uk/9780226320946/Sensory-Order-Inquiry-Foundations-Theoretical-0226320944/plp12) The White Paper by Satoshi Nakamotohttps://books.google.co.uk/books/about/The_White_Paper.html?id=5BFDvAEACAAJ&source=kp_book_description&redir_esc=y13) Network Effects On Cash Card Substitution In Transactions And Low Interest Rate Regimes by Sheri M Markose & Yiing Jia Loke, 2003https://scholar.google.com/citations?view_op=view_citation&hl=en&user=iQeWUloAAAAJ&cstart=20&pagesize=80&sortby=pubdate&citation_for_view=iQeWUloAAAAJ:u-x6o8ySG0sC14) The impact of quantitative easing on UK bank lending: Why banks do not lend to businesses? By Mahmoud Fatouh, Sheri Markose & Simone Giansante,http://repository.essex.ac.uk/24409/1/FatouhMarkoseGiansanteImpactofQEWhybanksdonotlendtobusi nesses1-s2.0-S0167268119300538-main.pdf15) The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Talebhttps://www.goodreads.com/book/show/242472.The_Black_SwanSocials:Tiktok: https://www.tiktok.com/@maxwelldorey?lang=enInstagram: https://www.instagram.com/maxdorey96/Twitter: https://twitter.com/MaxDorey1LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/
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Where did money originate from? Were government Covid-19 policies effective? What do banks actually do? In this episode of the Marginal Babble Podcast Max sits down with Dr Lukas Altermatt out of the University of Essex to discuss the banking industry and how it has changed over time.Dr Lukas Altermatt:https://www.essex.ac.uk/people/alter16801/lukas-altermattReferences:1) Bank runs, deposit insurance, and liquidity, by Diamond, D W, & Dybvig, P H, 1983https://www.jstor.org/stable/18370952) Financial intermediation and delegated monitoring, by Diamond, D W, 1984https://www.researchgate.net/publication/4782653_Financial_Intermediation_and_Delegated_Monitor3) Home Price to Income Ratio (US & UK), by longtermtrends.nethttps://www.longtermtrends.net/home-price-median-annual-income-ratio/4) Median annual earnings for full-time employees in the United Kingdom from 1999 to 2022, by Statista, 2022https://www.statista.com/statistics/1002964/average-full-time-annual-earnings-in-the-uk/5) United Kingdom Interest Rate, by tradingeconomics.comhttps://tradingeconomics.com/united-kingdom/interest-rate6) Value of quantitative easing measures by the Bank of England (BoE) in the United Kingdom from November 2009 to November 2020, by Statistahttps://www.statista.com/statistics/1105570/value-of-quantitative-easing-by-the-bank-of-england-in-the-united-kingdom/7) Economic modelling of forced saving during the coronavirus (COVID-19) pandemic, Office for National Statistics, 2022https://www.ons.gov.uk/economy/nationalaccounts/uksectoraccounts/articles/economicmodellingofforcedsavingduringthecoronaviruscovid19pandemic/2022-06-068) Russia, China may be preparing new gold-backed currency, but expert assures US dollar 'safest' currency today, By Fox Business, 2022https://www.foxbusiness.com/economy/russia-china-may-be-preparing-new-gold-backed-currency-expert-assures-us-dollar-safest-currency-todayFurther Reading:The laureates explained the central role of banks in financial criseshttps://www.nobelprize.org/uploads/2022/10/popular-economicsciencesprize2022-2.pdfOn the Instability of Banking and Other Financial Intermediationhttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=3599252Socials:Tiktok: https://www.tiktok.com/@maxwelldorey?lang=enInstagram: https://www.instagram.com/maxdorey96/Twitter: https://twitter.com/MaxDorey1LinkedIn: https://www.linkedin.com/in/maxwell-dorey-7958a4128/
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Although initially simply representing a measure of âhappinessâ as part of the theory of Utilitarianism, the term âutilityâ has been adapted and reapplied within neoclassical economics as a function that represents a consumer's preference ordering over a set of choices. Being a key turning point in the way we examine economics, Max and Dr Freer sit down to discuss the role utility plays in economic theory and how the concept has adapted and changed over time.
Dr Mikhail Freer is a Lecturer in the Department of Economics at the University of Essex and has published numerous research papers regarding utility, particularly relating to ârevealed preferences'.
https://www.essex.ac.uk/people/freer98100/mikhail-freer
Episode Reference List:
1) Nudge: Improving Decisions About Health, Wealth, and Happiness
by Richard H. Thaler, Cass R. Sunstein
https://www.goodreads.com/book/show/3450744-nudge
Explaination:
https://www.tutor2u.net/economics/reference/what-is-a-behavioural-nudge
2) The behavioural effect of electronic home energy reports: Evidence from a randomised field trial in the United States
by Marisa L. Henrya, Paul J. Ferrarob, Andreas Kontoleon, 2019
https://www.sciencedirect.com/science/article/abs/pii/S0301421519304094
3) How your Behaviour affects Economics!?... I Marginal Babble Ep. 2 with Dr Valerio Capraro
https://www.youtube.com/watch?v=O4habCFsn7I
4) Who Is (More) Rational?,
by Syngjoo Choi, Shachar Kariv, Wieland M ̧ller, and Dan Silverman, 2013
https://escholarship.org/content/qt4w36q52q/qt4w36q52q.pdf
5) Revealed differences
by Marco Castilloa & Mikhail Freer, 2018
http://repository.essex.ac.uk/25353/1/document.pdf
6) The Graph Coloring by Tutorials Point
https://www.tutorialspoint.com/the-graph-coloring
7) Sin Taxes and Self-Control,
by Renke Schmacker & Sinne Smed, 2020
https://rationality-and-competition.de/wp-content/uploads/2020/07/250.pdf
8) Alcohol Frequent Attenders in Emergency Departments: An Unexplored Patient Population,
by Society for the Study of Addiction, 2019
https://www.addiction-ssa.org/knowledge-hub/alcohol-frequent-attenders-in-emergency-departments-an-unexplored-patient-population/
9) Sin Tax by Corporate Finance Institute, 2022
https://corporatefinanceinstitute.com/resources/accounting/sin-tax/
10) Environmental Kuznets Curve by David I. Stern,
https://www.sciencedirect.com/topics/earth-and-planetary-sciences/environmental-kuznets-curve
11) Gender and Growth in Sub-Saharan Africa by MarkBlackden, Sudharshan Canagarajah, Stephan Klasen, and David Lawson, 2006
https://www.econstor.eu/bitstream/10419/63512/1/513089136.pdf
12) Germany's gender pay gap higher than EU average,by dw.com, 2020
https://www.dw.com/en/germanys-gender-pay-gap-shrinks-but-still-higher-than-eu-average/a-55860947
13) The Impact of No-Fault Unilateral Divorce Lawson Divorce Rates in Mexico, by Lauren Hoehn-Velasco and Jacob Penglase, 2021
https://www.journals.uchicago.edu/doi/epdf/10.1086/706826
14) Wages, Experience and Training of Women over theLifecycle, by Richard Blundell et al, 2020
https://www.dropbox.com/s/czq6ccfr0e71r31/w25776%281%29.pdf?dl=0
15) The Retention of Women in the Private Practiceof Criminal Law: Research Report, by Dr Natasha S. Madon, 2016
https://criminallawyers.ca/wp-content/uploads/2016/03/CLA-Womens-Study-March-2016.pdf
16) Global evidence on the selfish rich inequality hypothesis,by Ingvild AlmÄs Et al, 2021
https://www.pnas.org/doi/epdf/10.1073/pnas.2109690119
17) Which way did you vote in the Brexit referendum?by Statista Research Department, 2016
https://www.statista.com/statistics/520954/brexit-votes-by-age/
18) On Welfare Analysis under Limited Attention, by MikhailFreer & Hassan Nosratabadi, 2022
https://arxiv.org/abs/2208.07659
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Ever wondered if your behavior is ever truly rational? ever wondered why making a decision is so difficult ? Max and Dr Valerio Capraro discuss behavioural economics, what it is and how it affects the daily lives of the public.
#economics #behavioralscience #psychology #podcasts
Dr Capraro's research:
"Do the Right Thing: Experimental evidence that preferences for moral behavior, rather than equity or efficiency per se, drive human prosociality"
https://scholar.google.co.uk/citations?view_op=view_citation&hl=en&user=tILfWO0AAAAJ&citation_for_view=tILfWO0AAAAJ:ldfaerwXgEUC
Socials:
Tiktok: https://www.tiktok.com/@maxwelldorey?lang=en
Instagram: https://www.instagram.com/maxdorey96/
Twitter: https://twitter.com/MaxDorey1
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With Brexit still on the minds of the British public, migration has become a hot-button topic when it comes to Britain and it's economy. Max and Bastien sit down to discuss how migration affects the economy, and what the future good look like in an ever globalizing world.
Youtube: @maxwelldorey
