New Study by Turner College Economist Examines Relationship between Household Saving and GDP

A new study by Turner College economist Frank Mixon analyses the relationship between household savings rates and GDP within the Visegrád Group from 1996 through 2021, a period that includes both the global financial crisis of 2008 and the COVID-19 pandemic of 2020. More specifically, the new study examines the speed of savings rate adjustments to the prior year’s deviation from equilibrium, whether household savings rates support GDP in the short run, and whether GDP plays an important role in determining the household savings rate across the four countries of the Visegrád Group, namely the Czech Republic, Hungary, Poland and Slovakia. Mixon and his co-authors Nikola Šubová and Ján Buleca of the Technical University of Košice, and Ermanno Affuso of the University of South Alabama, present impulse response functions in the study indicating that a shock to household savings rates leads to fluctuations in real GDP, with the Czech Republic exhibiting the greatest fluctuations, particularly towards the end of the analyzed period, possibly indicating a higher sensitivity of real GDP to changes in household savings rates in that country. Conversely, Poland and Slovakia show the lowest fluctuations, suggesting a more stable or less pronounced short-run relationship between real GDP and household savings rates. Such stability could be associated with other factors driving real GDP, such as government spending, exports, or industrial production, which may mitigate the direct impact of changes in household savings rates on real GDP. Lastly, the study, which is set to appear in a future issue of Post-Communist Economies, also provides results from additional tests suggesting that a long-run relationship between real GDP and household savings rates exists only in countries with higher household savings rates, like those in the Czech Republic and Hungary.

Comments

Four Turner College Faculty Recognized for Outstanding Teaching

CSU Head Women's Soccer Coach Jay Entlich recently released a list of CSU faculty who have been chosen by a player as a member of the CSU faculty who has impacted the player in a positive way along their journey at CSU. Four Turner College faculty were included on the list, along with the player who nominated each. Management professor Phil Bryant was named by Sophia Leal , a freshman midfielder from Oxford, Georgia. Sophia attended Eastside High School and was a two-time all-region selection during her high school career. Through the first 10 games of 2024, she has scored one goal and recorded three assists. Next, management professor John Finley was named by Lizz Forshaw , a graduate student forward from Stockton, England. Lizz, who attended IMG Academy in south Florida, has scored four goals and recorded four assists this season. During her senior year in 2023, she scored three goals and recorded two assists. As a junior in 2022, Lizz scored three goals ...

Turner College Grad Publishes Academic Study on Corporate Culture and Strategy

Former Turner College student Tamara Todorova , now an associate professor of economics at American University in Bulgaria (AUB), recently published a study on corporate culture and strategy. Todorova earned an MBA from the Turner College in 1996 and then went on to earn a doctorate in international economics from the University of Economics - Varna in 2001. She has been on the faculty at AUB since August of 2000. Todorova's study, which appears in the current issue of the International Journal of Business Performance Management , investigates how corporate culture helps to economize on the transaction costs of internal organization. As she explains, the dimensions of corporate culture that assist in this task include increasing trust and reducing intrafirm opportunism. Todorova's study demonstrates that setting common goals and a common direction reduces the sizeable costs of internal organization. Tamara's prior research appears in Economics of Transition , International ...

Hammer joins Turner College Finance Faculty

The Turner College's Department of Accounting and Finance welcomes Melissa Ingle Hammer , who joins the group as an adjunct faculty in finance. Hammer graduated from the Turner College in 2005, after earning a BBA in finance. She later went on to earn an MBA from Auburn University, a Specialist Certificate in Conduct Risk from the University of Manchester, a Certificate in Team Culture from the University of Pennsylvania, and a Certificate in Executive Presence from Cornell University. Hammer is the SVP of Fair Lending Product Management with RiskExec at Asurity. She previously worked as Compliance Manager of Fair Lending at Synovus, a senior regulatory consultant with Wolters Kluwer, and as VP of Compliance at TD. This semester Hammer will be teaching FINC 3135, Financial Institutions and Technologies. Turner Business welcomes Melissa and wishes her a great first semester in the Turner College.

Turner Business

Search This Blog