Suchergebnisse

AbstractTrade in oil has undergone significant changes in the last 20 years: technical progress has allowed the exploitation of new and previously untapped fields; the emergence of new large oil importers, such as China, has shifted the traditional patterns of demand and supply, while the desire to diversify energy sources has favored the emergence of new suppliers. This paper compares the topological properties of the network of crude oil trade over the period 1995–2014. The analysis covers both aggregate measures (such as network density and centralization) and node-specific indicators (e.g. centrality) that allow to uncover the rise (demise) of new (old) important players. Accounting for the position of each country within the network provides valuable information above and beyond traditional measures such as market shares. To investigate whether oil trade has experienced a process of globalization or, rather, regionalization, we look at the community structure of the network: the number of communities increases in the aftermath of the global financial crisis, but then goes back to its historical values. Something similar happens to the average geographic distance within each community, showing that along a regional component there are also strategic/political considerations at play. Econometric analysis suggests that high oil prices increase the likelihood that high-production-cost exporters play a more central role in the network, thus reducing the power of traditional suppliers.

This research examines the relation between government economic policy uncertainty and firm cash holdings. We find evidence that policy uncertainty is positively related to firm cash holdings due to firms' precautionary motives and, to a lesser extent, investment delays. The relation between policy uncertainty and cash holdings is more pronounced for firms dependent on government spending and extends beyond business cyclicality. Further analysis indicates that the effects of policy uncertainty on corporate cash holdings are distinct from those of political, market, or other macroeconomic uncertainty.

Background: Stakeholder engagement is crucial for conducting high-quality implementation research as well as for the incorporation and adoption of health interventions and policies in the community.Objectives: This study sought to build a mutually rewarding collaboration between stakeholders in Vietnam and investigators in the United States.Methods: A collaboration was established between investigators from several institutions in Vietnam and the University of Massachusetts Medical School that was built on mutual trust, cross-cultural learning, and shared experiences. This collaborative arrangement has led to sustainable stakeholder engagement in Vietnam. We formed a multidisciplinary transnational research team and maintained regular contact both online and in person. We also conducted a needs assessment study, in which several focus group discussions and in-depth interviews of stakeholders in Vietnam were carried out.Results: The formal collaboration between investigators in Vietnam and the University of Massachusetts Medical School began in 2011 and has strengthened over time. The U.S. team provided expertise in study and intervention design, data collection and analysis, and trial implementation, whereas the team in Vietnam brought a deep understanding of local health care delivery systems and expertise in the delivery of health care interventions at the grassroots level. Our initial partnership has now grown to include committed individuals at the government, academic, and community levels including the Vietnam Ministry of Health, key governmental and nongovernmental research institutions and agencies, medical and public health universities, and communities in rural settings. The needs assessment study found that there are important gaps in the delivery of hypertension management practices in many rural communities in Vietnam and that stakeholders are fully engaged in our ongoing, community-based, hypertension-control project.Conclusions: Multiple layers of stakeholders and communities in Vietnam are fully engaged with, and have contributed significantly to, our ongoing hypertension control research project in Northern Vietnam.HighlightsThe formal collaboration between investigators in Vietnam and the UMMS began in 2011 and has strengthened over time.The U.S. team provided expertise in study and intervention design, data collection and analysis, and trial implementation, whereas the team in Vietnam brought a deep understanding of local health care delivery systems and expertise in the delivery of health care interventions at the grassroots level.Our initial partnership has now grown to include committed individuals at the government, academic, and community levels including the Vietnam Ministry of Health, key governmental and nongovernmental research institutions and agencies, medical and public health universities, and communities in rural settings.The needs assessment study found that there are important gaps in the delivery of HTN management practices in many rural communities in Vietnam and that stakeholders are fully engaged in our ongoing, community-based, HTN-control project.