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Predicting working sole Indian mothers' satisfaction towards work–family balance integrating the Kano model and weighted average method 结合Kano模型和加权平均法预测印度单亲妈妈对工作家庭平衡的满意度
Q2 ECONOMICS Pub Date : 2023-10-24 DOI: 10.1108/ijse-02-2023-0074
Jyoti Kushwaha, Pankaj Singh, Ruchi Kushwaha
Purpose The main impetus of the current paper is to identify and prioritize the work–family balance (WFB) satisfaction attributes specifically for working sole mothers' by deploying the Kano technique and weighted average method. Design/methodology/approach A multi-stage methodology has been used in the present analysis. Initially, the Kano method has been utilized to categorize the WFB satisfaction attributes using a three-dimensional WFB satisfaction scale. Afterward, the satisfaction coefficient technique was employed on Kano outcomes to get the WFB satisfaction and dissatisfaction index. Subsequently, the weighted average method was employed to prioritize the WFB satisfaction attributes. Findings Findings uncovered the significance of a non-linear association between WFB attributes and employed sole mothers' WFB satisfaction. The findings revealed that one-dimensional and must-be-based WFB satisfaction attributes are responsible for sole mothers' WFB satisfaction and employing organizations must not overlook them. Additionally, the results of weighted average method-based prioritization can help organizations to focus on particular WFB satisfaction criteria according to their priority level. Research limitations/implications The findings are useful for WFB policy-makers and managers to formulate a suitable WFB strategy specifically for single mothers. Social implications Results provide a path for employers to minimize the work–family role conflict and societal dissatisfaction that helps sole mothers to attain the desired WFB. Originality/value This study first employed a novel approach that incorporates the Kano application with the weighted average method in order to prioritize the WFB satisfaction attributes for lone mothers. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-02-2023-0074
本研究的主要目的是运用Kano技术和加权平均方法,识别单亲妈妈工作家庭平衡(WFB)满意度属性,并对其进行优先排序。设计/方法/方法在目前的分析中使用了一种多阶段的方法。首先,利用三维WFB满意度量表,利用Kano方法对WFB满意度属性进行分类。然后,对Kano结果采用满意系数法,得到WFB满意度和不满意指数。随后,采用加权平均法对WFB满意度属性进行排序。研究结果揭示了单亲妈妈工作满意度与家庭工作属性之间存在显著的非线性关系。研究结果显示,单亲妈妈的职场满意度具有单向度和必须性的属性,用人单位不能忽视这些属性。此外,基于加权平均方法的优先级排序的结果可以帮助组织根据其优先级级别关注特定的WFB满意度标准。研究的局限性/启示本研究结果对单亲妈妈的家庭育儿政策制定者和管理者制定合适的家庭育儿策略有帮助。研究结果为雇主提供了一条途径,以最大限度地减少工作-家庭角色冲突和社会不满,从而帮助单亲母亲达到理想的工作家庭责任。独创性/价值本研究首先采用了一种新颖的方法,将Kano应用与加权平均方法相结合,以确定单身母亲WFB满意度属性的优先级。同行评议本文的同行评议历史可在:https://publons.com/publon/10.1108/IJSE-02-2023-0074
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引用次数: 0
Government health expenditure and child health: empirical evidence from West African countries 政府卫生支出与儿童健康:来自西非国家的经验证据
Q2 ECONOMICS Pub Date : 2023-10-20 DOI: 10.1108/ijse-03-2022-0212
Bismark Osei, Evans Kulu, Paul Appiah-Konadu
Purpose The purpose of this paper is to study the effect of government health expenditure on the health of children (under-five mortality rate and prevalence rate of stunting) among West African countries. Design/methodology/approach The study utilizes heterogeneous panel from the period 1990 to 2018 among 16 West African countries for the analysis. The effect of government health expenditure on under-five mortality rate is measured in per 1,000 live births while that of stunting is measured in percentage. The study employs Pooled Mean Group (PMG) estimation technique and Impulse Response Functions (IRFs) for the analysis. Findings The results indicate that government health expenditure has negative effect on under-five mortality rate and prevalence rate of stunting in the long-run but not significant in the short-run. In addition, the IRFs result indicates that under-five mortality rate and prevalence rate of stunting both respond negatively to shocks in government health expenditure. Practical implications Governments should ensure that inefficiencies in the public health sector are reduced by licensing the health workers of this sector and allowing independent bodies to appoint the heads of health institutions. This will improve the delivering of health services for the health of children. Originality/value Previous studies carried out have not examined the short-run and long-run effects of the relationship under study among West African countries. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-03-2022-0212
本文的目的是研究政府卫生支出对西非国家儿童健康(五岁以下儿童死亡率和发育迟缓患病率)的影响。设计/方法/方法本研究利用1990年至2018年期间16个西非国家的异质性面板进行分析。政府保健支出对五岁以下儿童死亡率的影响以每1 000名活产婴儿计算,对发育迟缓的影响以百分比计算。本研究采用PMG (Pooled Mean Group)估计技术和脉冲响应函数进行分析。结果表明,政府卫生支出对五岁以下儿童死亡率和发育迟缓率具有长期的负向影响,但在短期内不显著。此外,儿童健康基金的结果表明,五岁以下儿童死亡率和发育迟缓发生率都对政府保健支出的冲击产生负面影响。各国政府应确保通过向该部门的保健工作人员颁发执照和允许独立机构任命保健机构负责人来减少公共保健部门的低效率。这将改善为儿童健康提供的保健服务。以前进行的研究并没有考察西非国家之间所研究关系的短期和长期影响。同行评议本文的同行评议历史可在:https://publons.com/publon/10.1108/IJSE-03-2022-0212
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引用次数: 0
Socioeconomic status of international students and its relation to the brain drain: evidence from Greek PhD holders 国际学生的社会经济地位及其与人才流失的关系:来自希腊博士的证据
Q2 ECONOMICS Pub Date : 2023-10-20 DOI: 10.1108/ijse-09-2022-0607
Lois Labrianidis, Theodosis Sykas, Evi Sachini, Nikolaos Karampekios
Purpose The study examines potential differences in socioeconomic status (SES) and emigration patterns between Greek international students (IS) and non-international students (non-IS) and their relationship to the brain drain from Greece. Design/methodology/approach The study draws on a unique database including all the Greek PhD holders and provides detailed information on their SES and mobility patterns. Furthermore, an individual-level SES index is constructed including both human capital and socioeconomic indicators to estimate the magnitude of the brain drain in terms of the SES that emigrated abroad between 1,985 and 2,018. Findings First, Greek IS have a higher educational, professional and economic status compared to Greek non-IS. Moreover, they exhibit a more international profile, inasmuch as they are more likely to remain abroad after graduation to seek employment. Second, the magnitude of the brain drain in terms of SES emigrated abroad (22.5% of the total) is greater than in terms of individuals who moved abroad (13.4% of the total). Specifically, the SES that outflows with an additional Greek skilled emigrant (that is, an additional IS and non-IS residing abroad) is 1.1 times greater than the SES that remains in Greece with an additional non-IS residing in Greece. Originality/value The study contributes to the scientific discussion that relates the SES of IS and highly skilled migrants to brain drain and fills the gap in the relevant literature. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-09-2022-0607 .
目的本研究考察了希腊国际学生(IS)和非国际学生(non-IS)在社会经济地位(SES)和移民模式上的潜在差异,以及它们与希腊人才流失的关系。设计/方法/方法该研究利用了一个独特的数据库,包括所有希腊博士学位持有者,并提供了他们的社会经济地位和流动模式的详细信息。此外,本文还构建了包含人力资本和社会经济指标的个体经济地位指数,以1985年至2018年间移居海外的经济地位人群为单位,估计其人才流失的程度。首先,与希腊非IS相比,希腊IS具有更高的教育、专业和经济地位。此外,他们表现出更国际化的形象,因为他们更有可能在毕业后留在国外找工作。第二,以社会经济阶层移居海外的人才流失规模(占总数的22.5%)大于移居海外的个人(占总数的13.4%)。具体来说,随着额外的希腊技术移民(即居住在国外的额外的is和非is)流出的SES比留在希腊的额外的非is居住在希腊的SES大1.1倍。原创性/价值本研究有助于将IS的SES和高技能移民与人才流失联系起来的科学讨论,填补了相关文献的空白。同行评议本文的同行评议历史可在:https://publons.com/publon/10.1108/IJSE-09-2022-0607。
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引用次数: 0
The United Nations Sustainable Development Goals and human capital: the case of Azerbaijan 联合国可持续发展目标与人力资本:以阿塞拜疆为例
Q2 ECONOMICS Pub Date : 2023-10-19 DOI: 10.1108/ijse-02-2023-0137
Omid Sabbaghi
Purpose This article aims to relate investments in human capital to the United Nations Sustainable Development Goals (UN SDGs), and examine the spending levels necessary to achieve high performance in related SDG sectors for Azerbaijan. Design/methodology/approach Employing data from the World Bank, the empirical approach undertaken in this study relies on peer analysis by examining spending levels for nations exhibiting similar income levels and geographical proximity to Azerbaijan. Findings This study estimates that total spending in education would need to increase by 0.4 percentage points of GDP by 2030, while total spending in health would need to increase by 5.9 percentage points of GDP by 2030 for Azerbaijan. Originality/value This study contributes to the literature by conducting an empirical analysis in which other nations can emulate in measuring their relative progress on human capital investments and related UN SDGs. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-02-2023-0137
本文旨在将人力资本投资与联合国可持续发展目标(UN SDGs)联系起来,并研究阿塞拜疆在相关可持续发展目标部门实现高性能所需的支出水平。设计/方法/方法本研究采用的实证方法采用世界银行的数据,通过检查收入水平相似且地理位置接近阿塞拜疆的国家的支出水平,依赖于同行分析。本研究估计,到2030年,阿塞拜疆的教育总支出占国内生产总值的比例需要增加0.4个百分点,而卫生总支出占国内生产总值的比例需要增加5.9个百分点。独创性/价值本研究通过进行实证分析为文献做出贡献,其他国家可以在衡量其在人力资本投资和相关联合国可持续发展目标方面的相对进展方面进行效仿。同行评议本文的同行评议历史可在:https://publons.com/publon/10.1108/IJSE-02-2023-0137
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引用次数: 0
Social media investors' sentiment as stock market performance predictor 社交媒体投资者情绪对股市表现的预测作用
Q2 ECONOMICS Pub Date : 2023-10-19 DOI: 10.1108/ijse-12-2022-0818
Sana Ben Cheikh, Hanen Amiri, Nadia Loukil
Purpose This study examines the impact of social media investor sentiment on the stock market performance through qualitative and quantitative proxies. Design/methodology/approach The authors use a sample of daily stock performance related to S&P 500 Index for the period from December 18, 2017, to December 18, 2018. The social media investor sentiment was assessed through qualitative and quantitative proxies. For qualitative proxies, the study relies on three social media resources”: Twitter, Trump Twitter account and StockTwits. The authors proposed 3 methods to reflect investor sentiment. For quantitative proxies, the number of daily messages published from Trump Twitter account and StockTwits is considered as a signal of investor sentiment. For regression model, the study adopts the autoregressive distributed lagged to determine the relationships between the nonstationary series. Findings: Empirical findings provide evidence that quantitative measures of investor sentiment have significant effects on S&P’500 performances. The authors find that Trump's tweets should be interpreted with caution. The results also show that the number of Trump's tweets on t−1 day have a positive effect on performance on day t. Practical implications Social media sentiment contains information for predicting stock returns and transaction activity. Since, the arrival of new information in capital markets triggers investor sentiment on social media. Originality/value This study investigates the investors’ sentiment through social media and explores quantitative and qualitative measures. The amount of information on social media reflects more the investor sentiment than content analysis measures. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-12-2022-0818
本研究通过定性和定量代理检验社交媒体投资者情绪对股市表现的影响。设计/方法/方法作者使用了2017年12月18日至2018年12月18日期间与标准普尔500指数相关的每日股票表现样本。通过定性和定量代理评估社交媒体投资者情绪。对于定性代理,该研究依赖于“三种社交媒体资源”:Twitter,特朗普Twitter账户和StockTwits。作者提出了3种反映投资者情绪的方法。对于量化代理,特朗普Twitter账户和StockTwits每天发布的消息数量被视为投资者情绪的信号。对于回归模型,本研究采用自回归分布滞后来确定非平稳序列之间的关系。研究结果:实证研究结果证明,投资者情绪的量化指标对标普500指数的表现有显著影响。作者发现,应该谨慎解读特朗普的推文。结果还表明,特朗普在第t - 1天的推文数量对第t天的表现有积极影响。实际含义社交媒体情绪包含预测股票回报和交易活动的信息。因为,资本市场新信息的到来会引发社交媒体上的投资者情绪。独创性/价值本研究通过社交媒体调查投资者的情绪,并探索定量和定性的度量方法。社交媒体上的信息量比内容分析指标更能反映投资者的情绪。同行评议本文的同行评议历史可在:https://publons.com/publon/10.1108/IJSE-12-2022-0818
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引用次数: 0
Factors influencing micro-entrepreneurship among women SHG members of Sikkim: a propensity score matching approach 影响锡金SHG女性成员微型创业的因素:倾向得分匹配方法
Q2 ECONOMICS Pub Date : 2023-10-17 DOI: 10.1108/ijse-01-2023-0070
Smriti Prasad, Manesh Choubey
Purpose The paper identifies the influence of socio-economic factors and livelihood training in stimulating micro-entrepreneurship among women self-help group (SHG) members. Design/methodology/approach The study is based on a sample of 416 women SHG members drawn from all the four districts of Sikkim using cluster sampling procedure. A multivariate binary logistic model is used to find the impact of socio-economic factors, and a Poisson regression has been used to find the impact of training on fostering micro-entrepreneurship. The result is validated using a propensity score matching approach which corrects for the potential self-selection bias in the sample. Subsequently, a covariate adjustment estimator verifies the robustness of the approach. Findings The study finds that “size of landownership”, “amount of loan borrowed”, “member's age”, “number of earning and dependent members”, “number of years of SHG enrolment” as well as the “district to which the member belongs to” have a statistically significant influence on the graduation of SHG members to micro-entrepreneurs. Furthermore, it is found that members attending the livelihood training programmes had a significantly higher number of microenterprises. Originality/value The study differentiates itself by providing empirical evidence on how socio-economic factors and livelihood training stimulate micro-entrepreneurship among SHG women of Sikkim, which has so far remained unexplored. Moreover, advanced econometric method has been used to eliminate the possible self-selection bias involved with training participation and thereby provides reliable and robust results. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-01-2023-0070
本文确定了社会经济因素和生计培训对激励妇女自助小组(SHG)成员微型创业的影响。设计/方法/方法本研究采用整群抽样程序,从锡金所有四个区抽取了416名女性SHG成员作为样本。运用多元二元logistic模型分析社会经济因素的影响,运用泊松回归分析培训对培养微型创业的影响。使用倾向评分匹配方法验证了结果,该方法纠正了样本中潜在的自我选择偏差。随后,通过协变量调整估计验证了该方法的鲁棒性。研究发现,“土地所有权规模”、“借款金额”、“成员年龄”、“收入和供养成员人数”、“参加小微企业的年数”以及“成员所属地区”对小微企业成员毕业有统计学意义的影响。此外,研究发现,参加生计培训方案的成员拥有的微型企业数量显著增加。独创性/价值这项研究的不同之处在于提供了经验证据,说明社会经济因素和生计培训如何刺激锡金SHG妇女的微型创业精神,这一点迄今尚未得到探索。此外,采用先进的计量经济学方法消除了参与培训可能存在的自我选择偏差,从而提供了可靠和稳健的结果。同行评议本文的同行评议历史可在:https://publons.com/publon/10.1108/IJSE-01-2023-0070
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引用次数: 0
Does financial market development really drive migrant remittances’ flow in Sub-Saharan Africa? 金融市场的发展真的推动了撒哈拉以南非洲地区移民汇款的流动吗?
Q2 ECONOMICS Pub Date : 2023-10-11 DOI: 10.1108/ijse-05-2023-0361
Olapeju Ikpesu
Purpose The discussion on international migration has become a significant part of globalization and a topical issue in international relations, especially in developing economies which mostly relies on migrant remittances. The purpose of the study is to examine whether financial market development (equity market development and banking sector development) really drives migrant remittance flow in Sub-Saharan Africa (SSA). Design/methodology/approach The study employs the dynamic heterogeneous panel data approach-the pool mean group (PMG) and the mean group (MG) techniques in analyzing the model based on data obtained from 27 SSA countries covering the period 2000–2020. Findings The findings of the study revealed that financial market development (equity market development and banking sector development) is a key driver of migrant remittances flows in the SSA region. In addition, the study revealed that the following macroeconomic variables such as real interest rate, unemployment rate, global growth, emigration, and economic growth are also determinants of migrant remittances flows in the SSA region. Originality/value The reviewed empirical literature revealed that several studies documents that the macroeconomic determinants of migrant remittances include inflation, GDP, interest rate, exchange rate, population growth, financial sector development and unemployment rate. Most of these studies fail to capture both equity market development and robust banking sector development (financial market development) as critical drivers of migrant remittances flow in SSA. Also, this study uses a robust measure of equity market development and banking sector development, unlike previous studies. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2023-0361
关于国际移民的讨论已经成为全球化的一个重要组成部分,也是国际关系中的一个热门问题,特别是在主要依赖移民汇款的发展中经济体。本研究的目的是检验金融市场发展(股票市场发展和银行业发展)是否真的推动了撒哈拉以南非洲(SSA)的移民汇款流动。本研究采用动态异质性面板数据方法——池均值组(PMG)和均值组(MG)技术,基于27个SSA国家2000-2020年的数据对模型进行分析。研究结果表明,金融市场发展(股票市场发展和银行业发展)是SSA地区移民汇款流动的关键驱动因素。此外,研究还发现,实际利率、失业率、全球经济增长、移民和经济增长等宏观经济变量也是SSA地区移民汇款流动的决定因素。对实证文献的回顾表明,一些研究表明,移民汇款的宏观经济决定因素包括通货膨胀、GDP、利率、汇率、人口增长、金融部门发展和失业率。这些研究大多未能将股票市场发展和稳健的银行业发展(金融市场发展)视为SSA移民汇款流动的关键驱动因素。此外,与以往的研究不同,本研究采用了强有力的股票市场发展和银行业发展指标。同行评议本文的同行评议历史可在:https://publons.com/publon/10.1108/IJSE-05-2023-0361
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引用次数: 0
A growth pattern of foreign investment motivations by individuals 个人对外投资动机的增长模式
Q2 ECONOMICS Pub Date : 2023-09-27 DOI: 10.1108/ijse-12-2022-0786
Nguyễn Thanh Hoàng
Purpose This paper aims to introduce a growth comprehensive pattern to explain the phenomenon of individual foreign investment, first at the global level and then at the regional level. The patterns are developed based on a number of main theories with grounded theory (GT) as the foundation, distributed on the two pull and push forces of international business theory and migration theory; simultaneously, it is classified on the three levels (attribute–consequence–value [ACV]) of means-end theory. Design/methodology/approach An embedded method is applied to generate two complementary datasets from two approaches: in-depth interviews and secondary data analysis. Findings In this structure, the investor plays a central role as the decision-maker based on the entrepreneur's motives for internationalization (economics-driven and psychology-driven factors) and the householders' motives for emigration (aspiration and access capabilities). The external forces considered are a push from the home country (structures) and pull from the host country (immigrant investment programs [IIPs]), in which the factor of (dis)trust/misconception as a moderator has an additional impact on this mobility. Demographic factors such as gender, region, generation/age, level of education, religion and occupation generally describe the characteristics of each specific target group. Research limitations/implications This paper is to develop a conceptual framework. Originality/value The results of this study, in addition to fulfilling its own objectives, will also serve as the foundation for further research in several scientific fields such as economics, sociology and politics. Peer review The peer review history for this article is available at https://publons.com/publon/10.1108/IJSE-12-2022-0786
本文旨在引入一个增长综合模式来解释个人外商投资现象,首先在全球层面,然后在区域层面。这些模式以扎根理论(GT)为基础,分布在国际商务理论和移民理论的两种拉推力上;同时,将其划分为手段-目的理论的属性-结果-价值三个层次。设计/方法/方法采用嵌入式方法,从深度访谈和辅助数据分析两种方法生成两个互补的数据集。在这一结构中,基于企业家的国际化动机(经济驱动和心理驱动因素)和户主的移民动机(愿望和获取能力),投资者作为决策者发挥了核心作用。所考虑的外部力量是来自母国的推动(结构)和来自东道国的拉动(移民投资计划[iip]),其中(不信任)/误解因素作为调节因素对这种流动性有额外的影响。人口因素,如性别、地区、世代/年龄、教育水平、宗教和职业,一般描述了每个特定目标群体的特征。本文旨在建立一个概念框架。本研究的结果,除了实现其自身的目标外,还将为经济学、社会学和政治学等几个科学领域的进一步研究奠定基础。本文的同行评议历史可在https://publons.com/publon/10.1108/IJSE-12-2022-0786上获得
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引用次数: 0
Does practicing healthy lifestyles improve the technical efficiency of farms? 实践健康的生活方式能提高农场的技术效率吗?
Q2 ECONOMICS Pub Date : 2023-09-26 DOI: 10.1108/ijse-05-2023-0353
Oluwaremilekun Ayobami Adebisi, Abdulazeez Muhammad-Lawal, Luke Oloruntoba Adebisi
Purpose The purpose of this paper is to ascertain if practising healthy lifestyles improves the technical efficiency of farms in Kwara state, Nigeria. In theory, all deviations from the optimum level of output are due to random effects and inefficiency of producers in which their health plays a key part and is dependent on the kind of lifestyle practiced whether healthy or unhealthy. Design/methodology/approach Cross-sectional data were employed through a three-staged sampling technique to pick 320 arable crop farmers across the state using a well-defined questionnaire. Data analysis was carried out using descriptive statistics, healthy lifestyles index (HLI), stochastic production frontier (SPF) and propensity score matching (PSM). Findings First, the analysis showed that about one-third of the sampled arable crop farmers practised healthy lifestyles. Second, the average technical efficiency of arable crop production for farmers who practised a healthy lifestyle was 0.893, and the level of technical inefficiency of the farms was determined by health-related lifestyle status, number of day's illness and educational level. Third, technical efficiency was improved by 0.00431067 for farms whose farmers practised a healthy lifestyle. Originality/value Rather than seeing that technical efficiencies of farms are attributed to farm characteristics, inputs used and socioeconomic characteristics alone, the findings suggest that technical inefficiencies of arable crop farmers were also due to the kind of lifestyle practised, which was evidenced in the increased efficiency for farmers who practised healthy lifestyle. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2023-0353
目的本文的目的是确定是否实行健康的生活方式提高了尼日利亚夸拉州农场的技术效率。从理论上讲,与最佳产出水平的所有偏差都是由于生产者的随机效应和效率低下,其中他们的健康起着关键作用,并取决于所采取的生活方式是健康的还是不健康的。设计/方法/方法采用横断面数据,采用三阶段抽样技术,使用定义明确的问卷在全州挑选320名耕地农民。采用描述性统计、健康生活方式指数(HLI)、随机生产前沿指数(SPF)和倾向评分匹配(PSM)进行数据分析。首先,分析表明,大约三分之一的耕地农民实行健康的生活方式。(2)健康生活方式农户的耕地作物生产平均技术效率为0.893,健康生活方式状况、患病天数和受教育程度决定了农户的技术效率低下水平。第三,农民生活方式健康的农场的技术效率提高了0.00431067。原创性/价值研究结果表明,农场的技术效率并没有仅仅归因于农场特点、使用的投入和社会经济特征,相反,种植可耕地的农民的技术效率低下也与他们的生活方式有关,这一点在采用健康生活方式的农民的效率提高中得到了证明。同行评议本文的同行评议历史可在:https://publons.com/publon/10.1108/IJSE-05-2023-0353
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引用次数: 0
Financial development and growth nexus in Asian countries: mediating role of FDI, foreign aid and trade 亚洲国家金融发展与增长关系:外国直接投资、外援与贸易的中介作用
Q2 ECONOMICS Pub Date : 2023-09-21 DOI: 10.1108/ijse-09-2022-0587
Biswajit Patra, Narayan Sethi
Purpose This paper analyzes the direct effect of financial development and the mediating impact of financial development through foreign direct investment (FDI), foreign aid and trade on economic growth for all Asian countries. Design/methodology/approach A fixed-effect model with Driscoll–Kraay panel corrected estimators was employed to find the direct and mediating impact of financial developments on growth for all 47 Asian economies from 1980 to 2020. The bootstrapped panel-quantile regression (BPQR) model is used to check how this effect varies for different income groups of countries. Findings The results demonstrated that financial development positively impacts countries' economic growth. The interaction effect of financial development with FDI, foreign aid and foreign trade negatively impacts economic growth. The BPQR results showed that FDI and foreign aid help in the growth of lower quantile economies; however, the impact is negative for middle- and upper-income countries. Trade impacts growth positively for all the quantiles of economies. Research limitations/implications The results suggest that the Asian economies must continue to provide thrust on the financial development of their own countries to achieve better growth. It also implied that the dependence on external finance is good for low-income countries and not advisable for middle- and upper-income countries. Originality/value To the best of the authors’ knowledge, the current study is the first to provide empirical evidence on analyzing both the direct and interaction effect of financial development on economic growth by considering all the Asian economies. Peer review The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-09-2022-0587
本文分析了金融发展的直接作用,以及金融发展通过外国直接投资(FDI)、外援和贸易对亚洲各国经济增长的中介作用。设计/方法/方法采用固定效应模型与Driscoll-Kraay面板校正估计器来寻找1980年至2020年间金融发展对所有47个亚洲经济体增长的直接和中介影响。使用自举面板分位数回归(BPQR)模型来检查这种影响在不同收入群体的国家中如何变化。研究结果表明,金融发展对各国经济增长具有正向影响。金融发展与FDI、外援和对外贸易的交互作用对经济增长产生负向影响。BPQR结果表明,FDI和外援有助于低分位数经济体的增长;然而,对中高收入国家的影响是负面的。贸易对所有经济体的增长都有积极影响。研究局限/启示研究结果表明,亚洲经济体必须继续推动本国的金融发展,以实现更好的增长。这也意味着对外部资金的依赖对低收入国家是有利的,而对中高收入国家则是不可取的。就作者所知,本研究首次提供实证证据,通过考虑所有亚洲经济体,分析金融发展对经济增长的直接效应和互动效应。同行评议本文的同行评议历史可在:https://publons.com/publon/10.1108/IJSE-09-2022-0587
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INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS
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