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EXPORTS , NON - EXPORTS AND EXTERNALITIES : A GRANGER CAUSALITY APPROACH
HUTCHISON, MICHAEL,SINGH, NIRVIKAR 한국국제경제학회 1992 International Economic Journal Vol.6 No.2
Illustrated within the context of a dynamic form of the neoclassical two-sector growth model, we show that existing empirical studies may not detect potentially significant externality effects associated with expansion of the export sector because of declining marginal productivity differentials. A time series empirical methodology analyzing the interactions of the non-export sector and export sector is suggested which avoids this problem and isolates potential externality effects. Time series analysis gives results generally favorable to the existence of significant positive externality effects running from export growth to non-export output growth for a significant number of developing economies.
Emotion Recognition, Emotion Expression, and Cultural Display Rules: Implications for Counseling
Ashley Hutchison,Larry Gerstein 한국상담학회 2017 Journal of Asia Pacific counseling Vol.7 No.1
This article focuses on the importance of emotion in counseling, particularly how emotion recognition and expression, and cultural display rules (emotional expression social norms) impact the counseling process. Research findings connected to these concepts from around the globe, including China, Taiwan, Japan, Hong Kong, and South Korea, as well as other countries are discussed. The article also highlights how counselors in the Asia Pacific Region can integrate this research into their work with clients when building therapeutic relationships, improving their skills in assessment and diagnosis, and enhancing their case conceptualization and treatment planning skills. Additionally, suggestions are offered to counselor educators on how to integrate emotion recognition and expression, and cultural display rules into their courses and training programs. Lastly, the article outlines some recommendations for future research.
The Global Pandemic, Policy Space and Fiscal Rules to Achieve Stronger Stabilization Policies
Michael M. Hutchison 서울대학교 경제연구소 2020 Seoul journal of economics Vol.33 No.3
The world economy was slowing prior to the onset of the Covid-19 pandemic. The slowdown began after a record-long period of expansion marked with record lows in unemployment and strong economic indicators along most dimensions. Even at a high point of the business cycle, however, “depression style” economic policies of very low or zero policy interest rates and large budget deficits were being followed in many countries—partly due to the lingering effects of the Great Recession and partly due the longstanding problem of “deficit bias” in fiscal policy. Fiscal responses to the Covid-19 shock in the form of wage support, business loans and other programs in 2020 were substantial and necessary but, following already large fiscal deficits and growing government debt, have aggravated the problem of long-term fiscal solvency. In some cases, concerns over record peacetime budget deficits constrained government’s willingness to pursue further rounds of fiscal stimulus as the Covid-19 crisis deepened. This article argues that deficit bias constrained discretionary fiscal policy actions arises from political economy factors and demonstrates that fiscal rules are an important instrument to mitigate deficit bias and restore countries to longer-term solvency. Countries with strong fiscal rules had much better fiscal and debt positions prior to the Great Financial Crisis, allowing them in turn to pursue much more stimulative fiscal policies in response to the crisis. The same situation faced policy makers at the onset of the pandemic economic crisis-- those with strong fiscal rules were in a much better position to provide large fiscal responses to support the economy without endangering national debt solvency. Facilitating long-term fiscal solvency and allowing for larger discretionary fiscal actions in crisis situations provides a strong argument for the strengthening and enforcement of fiscal rules around the world.
대한외상학회지에 게재된 문헌들의 추세: 계량서지학과 인용을 이용한 분석
예진허치슨 ( Yejin L Hutchison ),차현민 ( Hyun Min Cha ),오재훈 ( Jae Hoon Oh ),강형구 ( Hyung Goo Kang ),임태호 ( Tae Ho Lim ),이윤재 ( Yoon Je Lee ),강보승 ( Bo Seung Kang ),김창선 ( Chang Sun Kim ),최혁중 ( Hyuk Joong Choi ) 대한외상학회 2015 大韓外傷學會誌 Vol.28 No.3
Purpose: We performed a quantitative and qualitative analysis in the Journal of the Korean Society of Traumatology (JKST) by Bibliometrics to know the trends of articles. Methods: We reviewed articles in the JKST retrospectively through 1988 to 2014. Articles were classified into original articles, case reports, review articles, and also it is further classified as topics and the information related to the Department of Medicine of corresponding author. Original article was classified prospective and retrospective studies. Results: 753 studies and average of 27.9 studies per year were posted on JKST. 576 original articles (76.5%) were posted. Retrospective studies around 449 studies (78%) were posted and there were about 35 descript studies and 541 analytic studies. The most common themes were related to abdominal trauma, 144 pieces, 95 pieces following damage to the chest and the 84 pieces of special order of trauma. Emergency department had the highest case whereas general surgery came to the second place. Conclusion: Recently, there has been reduced proportion of original article in JKST. It was not possible to evaluate the Korea Citation index journals due to the fact that it does not correspond to listed register Journal of National Foundation of Korea. There will be the need for the effort to improve the maintenance of the posted article number, as well as the qualitative development of the posted articles. [ J Trauma Inj 2015; 28: 182-189 ]
Tarek Ali Elhussein,Stuart James Hutchison 한국심초음파학회 2014 Journal of Cardiovascular Imaging (J Cardiovasc Im Vol.22 No.2
Pulmonic valve infective endocarditis in isolation is a rare clinical entity. The formation of an abscess in the right ventricularoutflow tract as a consequence of vegetations affecting the pulmonic valve in a structurally normal heart is extremely rare and hasnot been reported. We report a case of isolated pulmonic valve endocarditis complicated by a regional abscess formed within theright ventricular outflow tract caused by Streptococcus Constellatus (S. Constellatus), a member of the Streptococcus Milleri group in ayoung male whose risk factor was alcohol abuse and he was treated medically, a comprehensive literature review on the subject isalso reported. Our case is the first reported in literature with infective endocarditis caused by S. Constellatus affecting thepulmonic valve, and the first with pulmonic valve endocarditis and perivalvular abscess formation in a structurally normal heart.
Expansionary Fiscal Contractions: Re-evaluating the Danish Case
U. Michael Bergman,Michael M. Hutchison 한국국제경제학회 2010 International Economic Journal Vol.24 No.1
The Expansionary Fiscal Contraction (EFC) hypothesis predicts that a major fiscal consolidation leads to an economic expansion under certain circumstances. We test this hypothesis, and the implied non-linear responses of the economy to large and small changes in fiscal policy, using data from the 1983 Danish fiscal reform. We use a structural VAR/event study methodology following Blanchard and Perotti (2002) that explicitly allows us to distinguish between normally marginal changes in fiscal policy and comprehensive fiscal reforms. We find that 'marginal changes' in fiscal policy (expenditure and tax changes) have the expected Keynesian effects on output and consumption. However, we find no evidence that the large fiscal consolidation in Denmark slowed the economy after controlling for a host of exogenous shocks and business cycle effects. Rather, we find some support for the hypothesis that the exogenous fiscal contraction in Denmark was a credible regime shift and, together with other reforms undertaken at the time, increased both private consumption and aggregate output.