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Political business cycle and fiscal discipline in Sub-Saharan Africa 撒哈拉以南非洲的政治商业周期和财政纪律
Q3 Social Sciences Pub Date : 2021-12-01 DOI: 10.17979/ejge.2021.10.2.6787
Funsho Obakemi, Hammed Adesola Adebowale, Babatunde Nageri Yusuf, Timothy Terwase Nev
We tested the Political Business Cycle theory in Sub-Sahara Africa. To provide an empirical explanation for this nexus, this paper used unbalanced panel data from thirty-six (36) Sub-Saharan African countries between 1990 and 2018. The system Generalized Method of Moment (GMM) developed by Arrelano-Bover/Blundell-Bond was employed to analyze the collected data. The results of the system GMM revealed that the fiscal deficit is significantly large in election years and the deficit spending spills into the year after the election, though not as high as in the election year. We could not, however, find a significant effect in the pre-election year. In addition, we found evidence suggesting that though democracy significantly lowers the fiscal deficit, it promotes higher deficit spending in the election year and the year after the election. Hence, the study established the existence of a political business cycle in Sub-Saharan African countries. The study thus recommends that sound economic policies should be put in place to reduce the persistent deficit in SSA so as to maintain sustainable fiscal health, as well as the sustainability of macroeconomics, particularly enhanced industrialization, as the study found that countries' fiscal deficits are lower in more industrialized countries in the region.
我们在撒哈拉以南非洲测试了政治商业周期理论。为了对这种关系提供实证解释,本文使用了1990年至2018年间来自三十六(36)个撒哈拉以南非洲国家的不平衡面板数据。采用Arrelano-Bower/Blundell-Bond开发的广义矩量法(GMM)系统对采集的数据进行分析。GMM系统的结果显示,选举年的财政赤字非常大,赤字支出会蔓延到选举后的一年,尽管没有选举年那么高。然而,在选举前的一年,我们没有发现显著的影响。此外,我们发现有证据表明,尽管民主显著降低了财政赤字,但它在选举年和选举后的一年促进了更高的赤字支出。因此,该研究确定了撒哈拉以南非洲国家存在政治商业周期。因此,该研究建议制定健全的经济政策,以减少撒哈拉以南非洲的持续赤字,从而保持可持续的财政健康,以及宏观经济的可持续性,特别是加强工业化,因为该研究发现,该地区工业化程度较高的国家的财政赤字较低。
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引用次数: 0
The financialisation of the fishing industry 渔业的金融化
Q3 Social Sciences Pub Date : 2021-06-17 DOI: 10.17979/ejge.2021.10.1.7444
Federico Martín Palmero, Fernando Gonz´ález Laxe
Successive technical and organizational innovations have modelled the current structure and composition of the fishing industry. The market structure varies considerably between countries and the fish species they catch. There is a generalised global convergence towards an industrial-outsourced model, in which companies occupy a central and basic position in economic strategies. Two predominant key trends are identified: financialisation and the monopolisation of fishing areas. This paper begins with an analysis of the fishing sector from the perspective of the presence of investment funds that hold stakes in companies specialising in a principal region of Europe.
连续不断的技术和组织革新模仿了目前渔业的结构和组成。各国之间的市场结构及其捕捞的鱼类种类差别很大。全球普遍趋同于工业外包模式,在这种模式下,企业在经济战略中占据核心和基本地位。确定了两个主要的关键趋势:金融化和渔区的垄断。本文首先从投资基金的角度对渔业部门进行分析,这些投资基金持有欧洲主要地区专业公司的股份。
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引用次数: 0
Government balance-consistent economic growth rates and their implications: A study of the euro area countries 政府平衡一致的经济增长率及其含义:对欧元区国家的研究
Q3 Social Sciences Pub Date : 2020-12-18 DOI: 10.17979/ejge.2020.9.3.5776
C. Pattichis
Using the model derived by Bajo-Rubio (2014), this paper estimates government budget balance-consistent growth rates for the euro area countries. A comparison of these estimates to their actual growth rates indicates that most of these countries are growing at rates that are very similar to their government balance-consistent growth rates. This finding implies that many euro area countries would not be experiencing excessive imbalances in their government budget over the long-run that could harm future economic growth. The analysis has also shown that for many euro area countries, the predictions of the model seem to be broadly consistent with their actual fiscal experience.
使用Bajo Rubio(2014)推导的模型,本文估计了欧元区国家的政府预算平衡一致增长率。将这些估计与实际增长率进行比较表明,这些国家中的大多数国家的增长率与政府平衡一致的增长率非常相似。这一发现意味着,从长远来看,许多欧元区国家的政府预算不会出现过度失衡,这可能会损害未来的经济增长。分析还表明,对于许多欧元区国家来说,该模型的预测似乎与他们的实际财政经验大致一致。
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引用次数: 1
Inequality and female labour force participation in West Africa 西非的不平等和女性劳动力参与
Q3 Social Sciences Pub Date : 2020-12-18 DOI: 10.17979/ejge.2020.9.3.6717
Chimere O. Iheonu, O. Nwodo, U. Anaduaka, U. Ekpo
This study examined the impact of income inequality on female labour force participation in West Africa for the period 2004 to 2016. The study employed the Gini coefficient, the Atkinson index and the Palma ratio as measures of income inequality. For robustness, the study also utilises female employment and female unemployment as measures of female labour force participation. The study employed the instrumental variable fixed effects model with Driscoll and Kraay standard errors to account for simultaneity/reverse causality, serial correlation, groupwise heteroskedasticity and cross-sectional dependence. The empirical results reveal that the three measures of income inequality significantly reduce the participation of women in the labour force in West Africa. The study also revealed that domestic credit, remittances and female education are positively associated with female labour force participation in the sub-region. Further findings reveal that economic development reduces the participation of women in the labour force in West Africa with the U-shaped feminisation theory not valid for the West African region. The study, however, revealed an inverted U-shaped relationship between inequality and female unemployment. Policy recommendations based on these findings are discussed.
本研究调查了2004年至2016年西非收入不平等对女性劳动力参与的影响。该研究采用基尼系数、阿特金森指数和帕尔马比率作为衡量收入不平等的指标。为了稳健性,该研究还利用女性就业和女性失业作为衡量女性劳动力参与的指标。本研究采用具有Driscoll和Kraay标准误差的工具变量固定效应模型来解释同时/反向因果关系、序列相关性、组间异方差和横截面依赖性。实证结果表明,收入不平等的三种衡量标准显著降低了西非妇女的劳动力参与率。该研究还显示,国内信贷、汇款和女性教育与该分区域的女性劳动力参与呈正相关。进一步的研究结果表明,经济发展降低了西非妇女在劳动力中的参与度,而u型女性化理论在西非地区并不有效。然而,这项研究揭示了不平等与女性失业之间的倒u型关系。讨论了基于这些发现的政策建议。
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引用次数: 3
Varieties of Capitalism and labour market opportunities for the youth 各种各样的资本主义和年轻人的劳动力市场机会
Q3 Social Sciences Pub Date : 2020-12-18 DOI: 10.17979/ejge.2020.9.3.5966
Felix Hörisch, J. Tosun, Julian Erhardt, W. Maloney
In this study, we examine the extent to which socio-economic institutions shape young people’s perceptions of labour market opportunity structures and their employment attitudes (i.e. skills and retraining). Building on the varieties of capitalism approach, we expect young people (aged 18–35) in coordinated market economies (CMEs) with encompassing welfare states to regard firm- and industry-specific skills as more important than their peers in liberal market economies (LMEs). To assess this proposition, we draw on original survey data and compare young people’s employment attitudes in five European countries: the United Kingdom (UK), which represents a typical liberal market economy, and Austria, Denmark, Germany and Switzerland as representatives of coordinated market economies. To what extent do different training regimes in CMEs and LMEs shape individual attitudes towards skill formation? The empirical analysis shows that young people’s attitudes with regard to the specificity of skills and the willingness to undertake retraining differ systematically between CME and LME countries and supports our argument that the specific socio-economic institutions matter.
在这项研究中,我们考察了社会经济制度在多大程度上影响了年轻人对劳动力市场机会结构的看法及其就业态度(即技能和再培训)。基于资本主义方法的多样性,我们预计,与自由市场经济(LMEs)中的同龄人相比,协调市场经济(cme)中包括福利国家的年轻人(18-35岁)更重视企业和行业特定技能。为了评估这一命题,我们利用原始调查数据,比较了五个欧洲国家年轻人的就业态度:代表典型自由市场经济的英国(UK),以及代表协调市场经济的奥地利、丹麦、德国和瑞士。cme和LMEs的不同培训制度在多大程度上影响了个人对技能形成的态度?实证分析表明,年轻人对技能特殊性的态度和接受再培训的意愿在CME和LME国家之间存在系统性差异,这支持了我们的观点,即特定的社会经济制度很重要。
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引用次数: 5
How the UEFA Financial Fair Play regulations affect football clubs’ priorities and leagues’ competitive balance? 欧足联财政公平竞赛规则如何影响足球俱乐部的优先事项和联赛的竞争平衡?
Q3 Social Sciences Pub Date : 2020-07-24 DOI: 10.17979/ejge.2020.9.2.5842
Pedro Garcia‐del‐Barrio, G. Rossi
Institutional and legal reforms applied in the context of sports competitions often provoke structural changes that can be empirically investigated. Using a data set of 560 observations (20 teams per season, from 2009/10 to 2015/16, of teams playing in the Premier League, La Liga, Serie A and Ligue 1), this paper examines how the UEFA Financial Fair Play (FFP) regulations may have altered the football clubs’ decisions concerning their sport and financial priorities. Moreover, based on a simple theoretical description, the paper shows that the increasing financial stability promoted by the FFP rules might actually imply – as an undesired side effect – a declined competitive balance affecting the European football leagues. Finally, the paper discusses some policy issues and recommendations.
在体育竞赛的背景下实施的制度和法律改革往往会引发结构性变化,可以进行实证调查。本文使用560个观察数据集(从2009/10赛季到2015/16赛季,英超、西甲、意甲和法甲的球队每个赛季20支球队),研究了欧足联财政公平竞赛(FFP)规定如何改变足球俱乐部在体育和财政优先事项方面的决定。此外,基于一个简单的理论描述,本文表明,FFP规则所促进的日益增长的金融稳定性实际上可能意味着——作为一个不希望的副作用——影响欧洲足球联赛的竞争平衡下降。最后,本文讨论了一些政策问题和建议。
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引用次数: 9
Female leadership in sports clubs 体育俱乐部中的女性领导
Q3 Social Sciences Pub Date : 2020-07-24 DOI: 10.17979/ejge.2020.9.2.5840
A. Martínez-Moreno, Francisco Cavas-García, Francisco Cano-Noguera, Arturo Díaz-Suárez
The objective of this study was to determine the type of leadership applied by the directors of amateur sports clubs. This quantitative, descriptive and cross-sectional study was carried out on a sample of 48 directors of sports clubs in total: 23 (47.91%) belonging to collective sports clubs and 25 (52.08%) to individual sports clubs. The study administered the MLQ-X5 Multifactor Leadership Questionnaire (45 items). The answers are collected on a Likert scale ranging from 0 (never) to 4 (almost always). The results indicated that the directors opt for a transformational leadership style (3.24), preferably followed by the corrective leadership type (3.18) and almost the same level as the developer type (3.17). The study concluded that the collective sports directors opt for the style of transformational leadership by being proactive and promoting the achievement of extraordinary goals.
本研究的目的是确定业余体育俱乐部董事采用的领导类型。这项定量、描述性和横断面研究对总共48名体育俱乐部董事进行了抽样:23人(47.91%)属于集体体育俱乐部,25人(52.08%)属于个人体育俱乐部。本研究采用MLQ-X5多因素领导力问卷(45项)。这些答案是按照Likert量表收集的,范围从0(从不)到4(几乎总是)。研究结果表明,集体体育总监选择变革型领导风格(3.24),其次是纠正型领导类型(3.18),与发展型领导风格几乎相同。
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引用次数: 0
The profile of leisure time sports people and their reason for doing sport in Spanish sports facilities 西班牙体育设施中休闲体育人群的概况及其从事体育运动的原因
Q3 Social Sciences Pub Date : 2020-07-24 DOI: 10.17979/ejge.2020.9.2.5846
Moisés Grimaldi Puyana, P. Gálvez-Ruíz, M. Valcarce-Torrente, Ainara Bernal-García
In Spanish sports habits, there exists a clear increase of the institutionalised sports practice and a distinct trend of leisure and recreational sport. This motivates the current work as it is necessary to go deeply into the knowledge of this practice. The aims proposed are twofold. On the one hand, to perform an analysis of the profile and the characteristics of the behaviour of the users of sports centres and leisure and recreational sportspeople. And, on the other hand, to study the motives of leisure/recreational sports practice. A descriptive quantitative methodology has been followed in this research. The description of the profile of users emerges from the data analysed as well as that they practise sport for exotelic reasons. The results obtained can serve managers to orientate their strategies destined to satisfy the needs of these users.
在西班牙的体育习惯中,制度化的体育实践明显增加,休闲和娱乐体育趋势明显。这激励了当前的工作,因为有必要深入了解这种做法。提议的目标有两个。一方面,分析体育中心用户和休闲娱乐运动员的概况和行为特征。另一方面,研究休闲/娱乐体育实践的动机。本研究采用描述性定量方法。对用户概况的描述来自所分析的数据,以及他们出于异国情调的原因从事体育运动。所获得的结果可以帮助管理者确定他们的策略,以满足这些用户的需求。
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引用次数: 1
Comparative analysis of income trends and perceived value of squad of the highest turnover European football clubs (2010-2019) 营业额最高的欧洲足球俱乐部的收入趋势和球队感知价值的比较分析(2010-2019)
Q3 Social Sciences Pub Date : 2020-07-24 DOI: 10.17979/ejge.2020.9.2.5953
Benito Pérez-González, Luis Eduardo de la Riva, José Bonal, Álvaro Fernández-Luna
The purpose was to analyse the income variation of the 13 top clubs of Deloitte Football Money League Report (2019) as well as the variation of the perceived value of their squad, obtained from the website www.transfermarkt.es during 9 seasons. Friedman's two-way analysis by ranges of selected samples and Wilcoxon W tests were used to measure the evolution and relation among the clubs’ income and perceived value of players. The income of clubs was deflected according to inflation (CPI: 2016) and market value was adjusted to a 20 players squad. Market value and income have a significant positive variation from one year to the next (p = .000). We found differences between both variables only in the last 2 years on the period analysed (2011-2019). Market value has suffered an increase higher than expected. This fact should make football managers reflect on how to control constant inflation in the transfer market.
目的是分析德勤足球金钱联盟报告(2019)中13家顶级俱乐部的收入变化,以及从网站www.transfermarkt.es获得的9个赛季期间球队感知价值的变化。Friedman通过选择样本范围的双向分析和Wilcoxon W检验来衡量俱乐部收入和球员感知价值之间的演变和关系。俱乐部的收入根据通货膨胀(CPI:2016)进行了调整,市场价值调整为20人阵容。市场价值和收入在一年与下一年之间有显著的正变化(p=.000)。我们发现这两个变量之间的差异仅在分析期间的最近两年(2011-2019)。市场价值的增长高于预期。这一事实应该让足球经理们反思如何控制转会市场的持续通货膨胀。
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引用次数: 1
Evaluation of the perceived social impacts of the Formula E Grand Prix of Santiago de Chile 智利圣地亚哥E级方程式大奖赛的社会影响评价
Q3 Social Sciences Pub Date : 2020-07-24 DOI: 10.17979/ejge.2020.9.2.5850
David Parra-Camacho, Daniel Michel Duclos Bastías, Frano Giakoni Ramírez, S. López-Carril
The aim of this study is to analyse residents' perception of the social impact of the Formula E Grand Prix of Santiago de Chile. A sample of 414 residents was collected through a questionnaire made up of 46 items regarding possible positive and negative impacts. Descriptive analysis, confirmatory factorial analysis and cluster analysis were performed. The results showed two groups with different perceptions of this sporting event: realistic (n=152) and favourable (n=162). Sociodemographic variables referring to education level, civil status, income level, location of the family residence and political orientation contribute to significantly differentiating the clusters. The variables related to interest in the event, support for the celebration, attendance, participation and frequency of contact also contributed to significantly differentiating the groups. Citizens’ high degree of support for holding the sporting event could be identified by a positive social representation of the event.
本研究的目的是分析居民对智利圣地亚哥电动方程式大奖赛的社会影响的看法。通过问卷调查收集了414名居民的样本,问卷由46个项目组成,涉及可能的积极和消极影响。进行描述性分析、验证性因子分析和聚类分析。结果显示,两组人对这项体育赛事有不同的看法:现实(n=152)和赞成(n=162)。教育水平、公民身份、收入水平、家庭居住地和政治取向等社会人口统计变量有助于显著区分集群。与对活动的兴趣、对庆祝活动的支持、出席、参与和接触频率有关的变量也有助于显著区分群体。公民对举办体育赛事的高度支持可以通过赛事的积极社会表征来识别。
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引用次数: 3
期刊
European Journal of Government and Economics
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