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Globalization and Female Economic Participation in MINT and BRICS countries 全球化与金砖国家和金砖国家女性经济参与
Pub Date : 2020-08-04 DOI: 10.2139/ssrn.3667039
T. Osinubi, S. Asongu
PurposeThis study examines the effect of globalization on female economic participation (FEP) in MINT (Mexico, Indonesia, Nigeria and Turkey) and BRICS (Brazil, Russia, India, China and South Africa) countries between 2004 and 2018.Design/methodology/approachFour measures of globalization are employed and sourced from KOF globalization index, 2018, while the female labour force participation rate is a proxy for FEP. The empirical evidence is based on the Pooled Mean Group (PMG) estimator.FindingsThe findings of the PMG estimator from the Panel ARDL method reveal that political and overall globalization in MINT and BRICS countries have a positive impact on FEP, whereas social globalization exerts a negative impact on FEP in the long-run. It is observed that economic globalization has no long-run effect on FEP. Contrarily, all the measures of globalization reflect no short-run effect on FEP. This supports the argument that globalization has no immediate effect on FEP. Thus, it is recommended that both MINT and BRICS countries should find a way of improving the process of globalization generally to empower women to be involved in economic activities.Originality/valueThis study complements the extant literature by focusing on how globalization dynamics influence FEP in the MINT and BRICS countries.
本研究考察了2004年至2018年间全球化对MINT(墨西哥、印度尼西亚、尼日利亚和土耳其)和金砖国家(巴西、俄罗斯、印度、中国和南非)国家女性经济参与(FEP)的影响。设计/方法/方法采用了四种全球化指标,并来自2018年KOF全球化指数,而女性劳动力参与率是FEP的代表。经验证据是基于混合平均组(PMG)估计。小组ARDL方法的PMG估计结果显示,MINT和金砖国家的政治和整体全球化对FEP有积极影响,而社会全球化在长期内对FEP产生负面影响。研究发现,经济全球化对FEP没有长期影响。相反,所有的全球化措施都没有反映出对自由汇率的短期影响。这支持了全球化对FEP没有直接影响的论点。因此,建议MINT和金砖国家都应该找到一种改善全球化进程的方法,使妇女能够参与经济活动。原创性/价值本研究通过关注全球化动态如何影响MINT和金砖国家的FEP来补充现有文献。
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引用次数: 12
Digital Media Discourse on the Blockage of Huawei by the US Government 美国政府对华为封锁的数字媒体话语
Pub Date : 2020-06-15 DOI: 10.2139/ssrn.3627682
M. Rashid, Mureeha Khawaja
In this globalized world the more focus of powerful states on economic capabilities for the maintenance of their influence and power in the international arena. In the contemporary world, two economic powers of the world are confronted with each other in the field of a trade war. The US is the number one economy of the world and on the other hand, China is supposed to surpass it. The core resentments of the US about China are ideological and political differences; China’s emerging economy is a potential threat to the US hegemony. Recently Trump administration placed Huawei and 70 of its other affiliations companies in the ‘Entity List’ of the US and the allegations were that Huawei Company is a national security threat for the US. Entity List means that the American companies, which are doing business with Huawei, need licenses on the specific terms applied by the US government. The US trying to lobby against Huawei with other democratic industrial democracies like the UK, Germany, and other European countries that not use Huawei’s 5G equipment. On the other hand, China’s company Huawei is making its own 5G network and dealing to sell it to other mobile companies and the European countries are not seems to stand along with the US in this scenario. Past studies have predicted future trade relations. There are several possible reasons behind the ban of Huawei, escalation of a trade war between China and the US, new taxes on Chinese products by the US government, Made in China 2025, Huawei is a national security threat for the US due to lack of data privacy, China’s profitable business of 5G and rise of nationalistic American behavior over the free trade concept. The purpose of this research is to explore the digital media discourse of the US, UK, and China to identify the reason behind the blockade of Huawei by the US government. News articles selected about the ban of Huawei from the US, UK, and Chinese’s digital news webs. With the help of discourse analysis, this research will analyze the concerning phenomenon. The expected results are that Huawei is a national security threat for the U.S.
在这个全球化的世界中,强国更加注重经济能力,以维持其在国际舞台上的影响力和权力。当今世界,世界上两个经济大国在贸易战领域相互对峙。美国是世界头号经济体,另一方面,中国应该会超过它。美国对中国的核心不满是意识形态和政治分歧;中国的新兴经济是对美国霸权的潜在威胁。近日,特朗普政府将华为及其70家关联公司列入美国“实体名单”,指控华为公司对美国国家安全构成威胁。实体清单是指与华为有业务往来的美国公司,需要按照美国政府规定的具体条款获得许可。美国试图游说其他民主工业民主国家,如英国、德国和其他不使用华为5G设备的欧洲国家,反对华为。另一方面,中国公司华为正在制造自己的5G网络,并打算将其出售给其他移动公司,在这种情况下,欧洲国家似乎与美国站在一起。过去的研究预测了未来的贸易关系。禁令背后有几个可能的原因,中美贸易战升级,美国政府对中国产品征收新税,中国制造2025,华为因缺乏数据隐私而对美国构成国家安全威胁,中国有利可图的5G业务以及美国民族主义行为对自由贸易概念的兴起。本研究的目的是探讨美国、英国和中国的数字媒体话语,以找出美国政府封锁华为背后的原因。有关美国、英国和中国数字新闻网站禁止华为的新闻文章。本研究将借助语篇分析对相关现象进行分析。预期的结果是,华为对美国的国家安全构成威胁
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引用次数: 0
2019 World Pensions Forum Held in EU Capital Before G7 Summit 七国集团峰会前,2019年世界养老金论坛在欧盟首都举行
Pub Date : 2019-07-08 DOI: 10.2139/ssrn.3416605
M. Nicolas J. Firzli
The 8th World Pensions Forum was held 23-24 May: 130 pension executives and supranational experts representing $12 trillion in combined assets convened in Brussels to discuss “Effective Asset Ownership”. The Forum was pleased to note that some of our ideas were taken up by the Finnish presidency of the Council of Europe and the G7 Steering Committee – notably the empowerment of women entrepreneurs and the notion of institutional co-investment in private equity and sustainable infrastructure in South Asia and Africa.

The main findings of the 2019 WPC/WPF annual conference will also inform the preparatory work leading up to the inaugural Singapore Economic Forum (“Singapore Forum”) in November 2020: the preliminary agenda will be announced during the G7 Summit.
第八届世界养老金论坛于5月23日至24日举行:代表12万亿美元总资产的130名养老金高管和超国家专家齐聚布鲁塞尔,讨论“有效资产所有权”问题。论坛高兴地注意到,欧洲理事会和七国集团指导委员会主席国芬兰采纳了我们的一些想法- -特别是赋予妇女企业家权力以及在南亚和非洲对私人股本和可持续基础设施进行机构共同投资的概念。2019年WPC/WPF年会的主要成果还将为2020年11月首届新加坡经济论坛(“新加坡论坛”)的筹备工作提供参考:初步议程将在七国集团峰会期间宣布。
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引用次数: 0
Impact of additional equity capital on bank funding costs: Australian evidence 额外股本对银行融资成本的影响:澳大利亚的证据
Pub Date : 2019-03-29 DOI: 10.2139/ssrn.2885050
L. Nguyen, J. R. Cummings
The Basel III reform package has sought to address lessons from the financial crisis of 2007-2009, by imposing additional equity capital requirements on banks. We examine the long-run cost implications of the reforms for banks that have transitioned to the new requirements, in an economy with a strong dependence on bank lending and a highly concentrated banking industry. We find evidence that the risk premium on bank equity increases with financial leverage, as predicted by the Modigliani-Miller theorem. This effect is weaker than reported by studies in countries with less concentrated banking industries, including the United Kingdom and Switzerland. However, we also find evidence that the risk premium on bank equity became more responsive to changes in leverage after the financial crisis. We estimate that the reforms have resulted in a modest increase in banks’ overall funding costs (of about 10-17 basis points annually).
《巴塞尔协议III》(Basel III)改革方案试图通过对银行施加额外的股本要求,来吸取2007-2009年金融危机的教训。我们研究了在一个高度依赖银行贷款和高度集中的银行业的经济体中,改革对已经过渡到新要求的银行的长期成本影响。我们发现证据表明,银行股权的风险溢价随着金融杠杆的增加而增加,正如莫迪利亚尼-米勒定理所预测的那样。这种影响比在英国和瑞士等银行业集中度较低的国家所做的研究报告要弱。然而,我们也发现有证据表明,在金融危机之后,银行股本的风险溢价对杠杆率的变化更加敏感。我们估计,这些改革已导致银行总体融资成本小幅上升(每年约10-17个基点)。
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引用次数: 2
Monetary Policy and Financial System Resilience 货币政策与金融体系弹性
Pub Date : 2019-03-14 DOI: 10.2139/ssrn.3356888
F. Bruni, Claude Lopez
In a time of global crisis, international policy coordination is quite natural. Yet, in normal times such coordination becomes a challenge. This is an issue especially when it comes to monetary and macroprudential policy of globally influential countries. This is especially relevant now with the trend of monetary normalisation in many of these countries. In this brief, we propose four necessary steps to help addressing these challenges: (i) Monetary policy should take into account its spillovers on financial stability, (ii) Systemic central banks need to account for the global impact of their policy, (iii) Multilateral consultations may provide a useful platform to assess these impacts, (iv) The analysis that helps designing monetary and macroprudential policy should include global aggregates to capture the global economic and financial context.
面对全球性危机,国际间的政策协调是理所当然的。然而,在正常时期,这种协调成为一项挑战。当涉及到具有全球影响力的国家的货币和宏观审慎政策时,这是一个问题。这与许多新兴市场国家的货币正常化趋势尤为相关。在本文中,我们提出了四个必要的步骤来帮助应对这些挑战:(i)货币政策应考虑其对金融稳定的溢出效应,(ii)系统性央行需要考虑其政策的全球影响,(iii)多边磋商可能提供一个有用的平台来评估这些影响,(iv)有助于设计货币和宏观审慎政策的分析应包括全球总量,以捕捉全球经济和金融背景。
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引用次数: 1
Determinants of Capacity Utilization of Food and Beverage Manufacturing Firms in Rwanda: Do Tax Incentives Matter? 卢旺达食品和饮料制造企业产能利用的决定因素:税收激励重要吗?
Pub Date : 2018-07-22 DOI: 10.2139/ssrn.3217757
Etienne Ndemezo, Jean Bosco Ndikubwimana, Angélique Dukunde
This paper has the specific objective of determining main factors of capacity utilization in the food and beverage manufacturing industry which are likely to be positively affected by fiscal incentives. Data used are from the manufacturing industry comprehensive survey carried out by the Rwandese Ministry of Trade and Industry (MINICOM) during 2013-2014. The model used was derived from an augmented Cobb Douglass production function and estimated using Ordinary Least Square regression technique. Key outcomes which resulted from this study are (i) in the food processing industry, main factors which undermine the capacity utilization of firms are shortage of raw materials, lack of specialized technology, tax administration and standards; no factor favors significantly the capacity utilization in this sub sector; (ii) in the beverage manufacturing industry, drivers of capacity utilization are the firm experience (age) and its material-intensive characteristic. Four factors harm the capacity utilization of beverage manufacturing firms, namely oversize in terms of fixed assets, lack of working capital, standards and insufficient demand. Consequently, in order to boost the capacity utilization of food and beverage manufacturing firms, only non-tax incentives are advisable: in the food processing industry, capacity utilisation can be improved by easing tax administration and tax compliance instruments; guaranteeing availability of agro raw materials during all the year and reducing their cost; assisting firms, particularly young ones, in order to help them to acquire appropriate technology and to raise production standards.
本文的具体目标是确定食品饮料制造业产能利用率的主要因素,这些因素可能会受到财政激励的积极影响。使用的数据来自卢旺达贸易和工业部(MINICOM)在2013-2014年期间进行的制造业综合调查。所使用的模型是由增广的Cobb Douglass生产函数衍生而来,并使用普通最小二乘回归技术进行估计。研究的主要结果是:(1)在食品加工业中,影响企业产能利用率的主要因素是原材料短缺、专业技术缺乏、税收管理和标准;没有任何因素对该子行业的产能利用率显著有利;(ii)在饮料制造业中,驱动产能利用率的因素是企业经验(年龄)及其材料密集型特征。影响饮料生产企业产能利用率的因素有四个:固定资产规模过大、流动资金不足、标准和需求不足。因此,为了提高食品和饮料制造企业的产能利用率,只有非税收激励措施是可取的:在食品加工业,产能利用率可以通过放松税收管理和税收合规工具来提高;保证全年农业原料供应,降低成本;协助公司,特别是年轻的公司,以帮助它们获得适当的技术和提高生产标准。
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引用次数: 4
Cybersecurity as an Essential Sustainable Economic Development Factor 网络安全是经济可持续发展的重要因素
Pub Date : 2018-04-03 DOI: 10.14207/EJSD.2018.V7N4P171
Ioana Vasiu, Lucian Vasiu
Technological developments facilitated an impressive growth in international trade; however, organizations are facing numerous risks, resulting from their reliance on digital services and complex supply chains. One of the most notable risks concerns cybersecurity, which can take numerous forms and can have very significant negative consequences for the victims. This reality makes cybersecurity a major differentiator for organizations and an essential sustainable economic development factor. This paper employs an empirically-informed theoretical approach, and, based on a large corpus of data, consisting essentially of cases brought to courts, cybersecurity reports, and press releases, examines the main cybersecurity risks, grouped in three broad categories: damage, theft of trade secrets, and payment fraud. In each category, the main issues are illustrated with real case examples. The findings of this study underline the need for improved cybersecurity strategies, policies, and programs. The paper proposes a number of measures that must be taken, in order to provide conditions for a safer and better economic development environment. Keywords: Cybersecurity, E-Commerce, Sustainable Development, Damage, Trade Secret, Fraud, Loss
技术发展促进了国际贸易的显著增长;然而,由于依赖数字服务和复杂的供应链,组织面临着许多风险。最值得注意的风险之一是网络安全,它可以采取多种形式,并可能对受害者产生非常严重的负面影响。这一现实使网络安全成为组织的主要差异化因素,也是必不可少的可持续经济发展因素。本文采用了一种经验丰富的理论方法,并基于大量数据,主要包括提交给法院的案件、网络安全报告和新闻稿,研究了主要的网络安全风险,分为三大类:损害、窃取商业秘密和支付欺诈。在每个类别中,主要问题都用实际案例说明。本研究的结果强调了改进网络安全战略、政策和计划的必要性。本文提出了一些必须采取的措施,以便为更安全和更好的经济发展环境提供条件。关键词:网络安全,电子商务,可持续发展,损害,商业秘密,欺诈,损失
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引用次数: 10
Экономические Санкции Как Элемент Реализации Стратегии Имортозамещения РФ (Economic Sanctions as an Element of the Russian Federation's Import Substitution Strategy) ЭкономическиеСанкцииКакЭлементРеализацииСтратегииИмортозамещенияРФ(经济制裁作为俄罗斯联邦的进口替代战略的元素)
Pub Date : 2018-01-26 DOI: 10.2139/ssrn.3128424
N. Kapustina
Russian Abstract: В статье рассмотрено влияние экономических санкций на развитие агропромышленного комплекса РФ, а также рассмотрены результаты реализации стратегии импортозамещения в РФ и влияние экономических санкций на этот процесс. English Abstract: The article discusses the impact of economic sanctions on the development of the agro-industrial complex of the Russian Federation, as well as the results of the strategy of import substitution in the Russian Federation and the impact of economic sanctions on this process.
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引用次数: 0
Effects of Globalization on U.S. Foreign Policy with the Post-Soviet Caspian States 全球化对美国对后苏联里海国家外交政策的影响
Pub Date : 2018-01-11 DOI: 10.2139/ssrn.3102877
Dr. Mukesh Kumar Mishra
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引用次数: 0
The End of the Bretton Woods International Monetary System 布雷顿森林国际货币体系的终结
Pub Date : 2017-10-30 DOI: 10.2139/ssrn.3061914
Edwin M. Truman
This paper examines two episodes of international economic policy coordination: the efforts to modify the Bretton Woods international monetary system in the 1960s and early 1970s and to reform the system after the closing of the US official gold window on August 15, 1971. The paper examines the diagnoses of the problem in each episode, the treatments applied, and the results in the short run and longer run. In the short run, both episodes were failures. The international monetary system that emerged in the mid-1970s, while less systemic than some would like, has nevertheless stood the test of time, although proposals for its reform continue to be discussed.
本文考察了国际经济政策协调的两个阶段:20世纪60年代和70年代初修改布雷顿森林国际货币体系的努力,以及1971年8月15日美国官方黄金窗口关闭后对该体系的改革。本文探讨了每一阶段的诊断问题,所采用的治疗方法,以及短期和长期的结果。从短期来看,这两次都是失败的。上世纪70年代中期出现的国际货币体系,虽然没有一些人希望的那么系统化,但却经受住了时间的考验,尽管有关其改革的建议仍在讨论之中。
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引用次数: 5
期刊
SRPN: Globalization (Sustainability) (Topic)
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