Journal of Social and Economic Development最新文献

Using 3-digit industry data at the state-level during 2009-2018, the paper assesses the impact of the Insolvency and Bankruptcy Code (IBC) on growth across industries with varying degrees of financial dependence. The findings show that IBC positively impacted industry growth, although this occurred by altering the capital-labour mix in favour of the latter. Robustness tests across industry type and state labour regimes support these findings.

The pandemic and the long closure of educational institutions have changed the learning and teaching practices across the globe. A massive and unplanned shift towards online education with unequal access to digital infrastructure deepens the existing digital divide and socio-economic inequalities. Tamil Nadu Covid Pulse Survey shows the state's commitment to strengthening evidence-based policymaking and continuing its welfare tradition including its efforts to provide uninterrupted education during the crisis. Based on the three recent rounds of the panel survey conducted in October 2020 and August 2021, this article discusses Tamil Nadu's experience in continuing education during the pandemic. The result highlights the existing digital divide and challenges faced by students in accessing online education. Some of the government initiatives like Kalvi TV telecasting classes for school students have been effective in addressing the digital divide between rural and urban areas in the state and making its education system more inclusive.

A four-sector competitive general equilibrium model has been developed with both male and female labour in presence of capital market distortion to analyse the effect of social transition on female labour force participation and gender-based wage inequality. The analysis finds that although gender wage inequality worsens in the existing structure, the consequence on female participation in the workforce depends on the stage of social transition. While it falls in the early stages, it begins to rise once a certain critical level of transition is crossed. Finally, we have advocated in favour of a policy that can effectively speed up the process of social transition thereby gender empowerment.

The study assesses the effect of digital infrastructural development on inclusive growth in 44 Sub-Saharan African countries from 2000 to 2020. The study adopts the Driscoll-Kraay strategy to address cross-sectional dependence and the Newey-West standard errors to address errors-related problems. The study adopted the four indicators of digital infrastructures and their component score to determine their effect on inclusive growth which ensures equitable distribution of resources in an economy. The findings of the study reveal that inclusive growth in Sub-Saharan Africa is enhanced by the number of individuals using the internet, the number of fixed broadband subscribers, fixed telephone and mobile cellular subscriptions per 100 adults. The findings further reveal that digital infrastructures enhance the level of inclusive growth in Sub-Saharan African economies irrespective of whether the countries belong to the lower-, middle- and upper-income groups. The study recommends policymakers augment their investments in digital infrastructure and human capital to raise the level of inclusive growth.

The Organisation for Economic Co-operation and Development Financial Literacy Survey of 2018 response is used to study the impact of financial knowledge, financial inclusion, and socio-demographic characteristics on financial resilience. The measurement of financial resilience considers elements related to keeping control of money, taking care of expenditures, having a financial cushion, handling financial shortfall or stress, and having financial planning. Using a sample of 3395 individuals across Malaysia, we find that greater financial knowledge is associated with the probability of being financially resilient. Greater financial inclusion in terms of having more bank accounts and holding more financial products is linked to the probability of being financially resilient. We also find that financial resilience varies across certain socio-demographic characteristics. Implications of the findings are discussed.