Housing markets play a crucial role in economies and the collapse of a real-estate bubble usually destabilizes the financial system and causes economic recessions. We investigate the systemic risk and spatiotemporal dynamics of the US housing market (1975-2011) at the state level based on the Random Matrix Theory (RMT). We identify richer economic information in the largest eigenvalues deviatin...

It is clear that reform mandated at the federal level has accelerated the pace of change and increased uncertainty throughout the health care industry. This has been acerbated by other dynamics including economic recession as well as continuing shifts in technology. Taken together, growing levels of change and uncertainty generate increased volatility. When confronted by volatility, organizatio...

OBJECTIVE To test the hypothesis that economic recessions lead to reduced global development assistance for health (DAH). METHODS Data obtained from the Creditor Reporting System of the Organisation for Economic Co-operation and Development (OECD) for 15 OECD countries were used to model the percentage change (relative difference) in commitments and disbursements for DAH as a function of thre...

OBJECTIVE To evaluate the rate of abusive head trauma (AHT) in 3 regions of the United States before and during an economic recession and assess whether there is a relationship between the rate of AHT and county-level unemployment rates. METHODS Clinical data were collected for AHT cases diagnosed in children younger than 5 years from January 1, 2004 until June 30, 2009, by hospital-based chi...

On July 17, 2003, the National Bureau of Economic Research announced that the United States economy had troughed in November 2001 following the peak in March 2001. This makes the 2001 recession one of the shortest in U.S. history being only eight months in length. Whereas business cycles are defined in terms of the overall economies the authors of this paper investigate whether this national re...

Economic Conditions at the Time of Birth and Cognitive Abilities Late in Life: Evidence from Eleven European Countries With ageing populations and a stronger reliance on individual financial decision-making concerning asset portfolios, retirement schemes, pensions and insurances, it becomes increasingly important to understand the determinants of cognitive ability among the elderly. Macro-econo...

The aim of this paper is to clarify the kind of capitalist society that is emerging in South Korea. To keep the conceptual analysis focused, the paper addresses the questions of how and why the structural and institutional socio-economic and political arrangements have changed during South Korea’s catch-up process and what others could learn from it. Using a historical-comparative approach, the...

Why have patterns of healthcare spending varied during the Great Recession? Using cross-national, harmonised data for 27 EU countries from 1995 to 2011, we evaluated political, economic, and health system determinants of recent changes to healthcare expenditure. Data from EuroStat, the IMF, and World Bank (2013 editions) were evaluated using multivariate random- and fixed-effects models, correc...

BACKGROUND The impact of macroeconomic conditions on health has been extensively explored, as well as the relationship between individual unemployment and health. There are, however, few studies taking both aspects into account and even fewer studies looking at the relationship in a life course perspective. In this study the aim was to assess the role of macroeconomic conditions, such as nation...