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Core product competence and productivity gains: the role of foreign ownership 核心产品竞争力和生产率的提高:外资所有权的作用
IF 2.2 Q2 Economics, Econometrics and Finance Pub Date : 2023-05-04 DOI: 10.1080/02692171.2023.2210513
Jen-Chung Mei
ABSTRACT Recent theoretical contributions provide predictions about the effects of core product competence on firms’ productivity. However, we know little about the influence of foreign ownership on core product competence that might also lead to productivity gains across firms. This paper uses firm-level data for 137 countries to investigate how foreign ownership affects firms’ decision to become specialised at core products and the subsequently firm productivity gains. To tackle the possible endogeneity of foreign ownership, the instrumental variable approach and the propensity score matching technique are employed. The results show that foreign ownership has a positive and significant effect on firms’ core product competence and this positive effect leads to productivity gains, especially for the most productive firms. We further reveal that foreign competition within an industry encourages firms to become specialised at core products, which could further lead to productivity gains across firms.
最近的理论贡献预测了核心产品能力对企业生产力的影响。然而,我们对外国所有权对核心产品能力的影响知之甚少,这也可能导致企业生产力的提高。本文使用137个国家的企业级数据来调查外国所有权如何影响企业在核心产品方面的专业化决策以及随后的企业生产率提高。为了解决外资所有权可能存在的内生性问题,采用了工具变量法和倾向得分匹配技术。研究结果表明,外资所有权对企业的核心产品能力有着积极而显著的影响,这种积极影响会导致生产率的提高,尤其是对生产率最高的企业来说。我们进一步揭示,一个行业内的外国竞争鼓励企业专注于核心产品,这可能会进一步提高企业的生产力。
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引用次数: 0
Gender and corruption: examining the nexus in MENA countries using PMG-ARDL approach 性别与腐败:使用PMG-ARDL方法审查中东和北非国家的联系
IF 2.2 Q2 Economics, Econometrics and Finance Pub Date : 2023-04-24 DOI: 10.1080/02692171.2023.2205109
Lamia Jaidane Mazigh, Islem Khefacha, Belgacem smiri
ABSTRACT This paper investigates the relationship between gender and corruption in thirteen Middle East and North African (MENA) countries during 2006–2020. We find a poor performance in terms of both corruption and the lack of involvement of women in public life, with a correlation between these two phenomena in the region. Due to the presence of cross-sectional dependence and heterogeneity in the panel, we employed second-generation econometric panel unit root and cointegration tests. Using the ARDL-PMG approach, which is categorised as an error-corrected model, we demonstrate that greater involvement of women in the economic and political sphere is associated with lower levels of corruption. The results also indicate that the link between corruption and gender is dependent on the context and institutional factors. The role of democracy and political stability in explaining this interaction is particularly important, especially when women are well-represented in decision-making positions. Finally, we provide evidence that improved gender equality can strengthen the connection between greater involvement of women in public life, and more success in tackling corruption. Greater gender egalitarianism can break down the male-dominated network of corruption that is widespread in MENA countries.
本文研究了2006-2020年间13个中东和北非国家的性别与腐败之间的关系。我们发现,在腐败和缺乏妇女参与公共生活方面,该地区表现不佳,这两种现象之间存在相关性。由于面板中存在横断面依赖性和异质性,我们采用了第二代计量面板单位根和协整检验。使用被归类为纠错模型的ARDL-PMG方法,我们证明了妇女更多地参与经济和政治领域与较低的腐败水平有关。结果还表明,腐败与性别之间的联系取决于环境和体制因素。民主和政治稳定在解释这种相互作用方面的作用尤其重要,特别是在妇女在决策职位上有充分代表的情况下。最后,我们提供的证据表明,改善性别平等可以加强妇女更多地参与公共生活与更成功地打击腐败之间的联系。更大程度的性别平等主义可以打破在中东和北非国家普遍存在的男性主导的腐败网络。
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引用次数: 0
Coming together for transition? Entrepreneurial ecosystems for a circular economy 一起过渡?循环经济的创业生态系统
IF 2.2 Q2 Economics, Econometrics and Finance Pub Date : 2023-04-23 DOI: 10.1080/02692171.2023.2205111
E. Berghuis, D. Loorbach, Anne van Vulpen, Martijn Verkuijl, Claudia van Orden, R.L.G. Greer
ABSTRACT Circular ecosystems can be a role model in the transition to a circular economy, can inspire and motivate other entrepreneurs, and may possibly have a transformative effect in the transition. For example, by deploying knowledge and experience for a targeted lobby for policy change – such as changes in the law and regulations. Four circular ecosystems were studied to discover how they function, and what they may contribute to the transition to a circular economy. The research shows that cooperation in ecosystems can provide circular start-ups with much added value. At the same time, the research also shows that the influence of the four circular ecosystems investigated is limited regarding the local transition to a circular economy. The ecosystems are not examples of a circular economy yet. But ecosystems are not static entities. They are on the move, as this research demonstrates.
循环生态系统可以成为向循环经济过渡的榜样,可以激励和激励其他企业家,并可能在过渡中产生变革性影响。例如,通过部署知识和经验,有针对性地游说政策变化——例如法律和法规的变化。研究了四个循环生态系统,以发现它们是如何运作的,以及它们对向循环经济过渡的贡献。研究表明,生态系统的合作可以为循环创业公司提供很多附加价值。与此同时,研究还表明,所调查的四个循环生态系统对当地向循环经济过渡的影响是有限的。这些生态系统还不是循环经济的典范。但是生态系统不是静态的实体。正如这项研究所表明的那样,他们正在移动。
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引用次数: 0
Public debt and economic growth nexus in sub-saharan Africa: does institutional quality matter? 撒哈拉以南非洲的公共债务和经济增长关系:制度质量重要吗?
IF 2.2 Q2 Economics, Econometrics and Finance Pub Date : 2023-04-20 DOI: 10.1080/02692171.2023.2205107
Clement Oppong, Abukari Salifu Atchulo, Shenell Fatia Oman
ABSTRACT This paper investigates the effect of institutional quality and public debt on economic growth among sub-Saharan African countries. The study employs the System Generalized Method of Moments (SGMM) and the Fixed Effect techniques on data from 35 Sub Saharan African countries (sourced from the World Development Indicators (WDI) and the World Governance Index (WGI) databases from 2010 to 2020). The results reveal that institutional quality has a significantly negative effect on public debt; public debt has a significantly negative effect on economic growth; and institutional quality has a significantly positive effect on economic growth. This suggests that countries with weak institutions may have debt overhang deleterious to economic growth.
本文研究了制度质量和公共债务对撒哈拉以南非洲国家经济增长的影响。该研究对35个撒哈拉以南非洲国家的数据(来源于2010年至2020年的世界发展指标和世界治理指数数据库)采用了系统广义矩方法和固定效应技术。研究结果表明,制度质量对公共债务具有显著的负向影响;公共债务对经济增长具有显著的负面影响;制度质量对经济增长具有显著的正向影响。这表明,机构薄弱的国家可能存在对经济增长有害的债务负担。
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引用次数: 1
Higher inequality in Latin America: a collateral effect of the pandemic 拉丁美洲不平等加剧:大流行病的附带影响
Q2 Economics, Econometrics and Finance Pub Date : 2023-04-19 DOI: 10.1080/02692171.2023.2200993
Ivonne Acevedo, Francesca Castellani, María José Cota, Giulia Lotti, Miguel Székely
This study explores the evolution of inequality in Latin America during the COVID-19 pandemic by using primary data from household and employment surveys collected in 2020. First, we discuss the trends in inequality in the region from 1992 to 2020. Next, we estimate regression models to examine how the changes in demographics and education levels might be correlated with changes in income distribution. Finally, we use a panel regression model with fixed effects for 16 countries in the region to identify how the socioeconomic context might help explain the changes in income inequality. The empirical findings suggest that inequality increased by a statistically significant 2% between 2019 and 2020. We obtained significantly heterogeneous results when disaggregating by gender, urban/rural location, and sector of economic activity. Remittances had a modest effect, while government transfers helped to prevent more significant disparities in half the countries studied. Our estimations show that the decline in employment levels – due to the economic contraction caused by COVID-19— is associated with increases in income inequality that might gradually diminish with the recovery.
本研究利用2020年收集的家庭和就业调查的原始数据,探讨了2019冠状病毒病大流行期间拉丁美洲不平等现象的演变。首先,我们讨论了1992年至2020年该地区不平等的趋势。接下来,我们估计回归模型,以检查人口统计和教育水平的变化如何与收入分配的变化相关。最后,我们对该地区16个国家使用了固定效应的面板回归模型,以确定社会经济背景如何有助于解释收入不平等的变化。实证结果表明,从2019年到2020年,不平等现象在统计上显著增加了2%。当按性别、城市/农村位置和经济活动部门进行分类时,我们得到了显著不同的结果。汇款的影响不大,而政府转移支付在一半的研究国家中帮助防止了更大的差距。我们的估计表明,就业水平的下降(由于COVID-19造成的经济收缩)与收入不平等的加剧有关,而收入不平等可能随着经济复苏而逐渐减少。
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引用次数: 1
Adaptive learning in containment measures: evaluation of policy interventions during the 2020 waves of Covid-19 in Italy 遏制措施中的适应性学习:对2020年意大利新冠肺炎疫情期间政策干预措施的评估
IF 2.2 Q2 Economics, Econometrics and Finance Pub Date : 2023-04-17 DOI: 10.1080/02692171.2023.2203473
Mario Nosvelli
The COVID-19 pandemic hit Italy very harshly in two waves, the first in spring 2020 and the second between the autumn and the winter of the same year. Data show some major differences between the two phases;in particular, the first wave caused fewer infections but had a higher fatality rate. These pandemic evolutions, together with modified social conditions, called for a rapid adaptation of containment measures, i.e. stricter and homogeneous in the first wave, flexible and diversified in the second wave. The interrupted time series analysis applied to daily data on new cases yields positive results for both interventions in flattening the infection curve. The policies achieved almost the same percentage of positive cases avoided in the two waves. Adaptive and diversified policies based on learning from previous results seem to be suitable for this kind of decision-making in conditions of uncertainty. © 2023 Informa UK Limited, trading as Taylor & Francis Group.
COVID-19大流行在两波中非常严重地袭击了意大利,第一波是在2020年春季,第二波是在同年秋冬之间。数据显示了这两个阶段之间的一些重大差异;特别是,第一波造成的感染较少,但死亡率较高。这些大流行的演变,加上社会条件的变化,要求迅速调整遏制措施,即在第一波中采取更严格和同质化的措施,在第二波中采取灵活和多样化的措施。对每日新病例数据进行的间断时间序列分析显示,两种干预措施在使感染曲线趋于平缓方面均取得了积极结果。这些政策在两次浪潮中避免了几乎相同比例的阳性病例。基于吸取以往结果的适应性和多样化政策似乎适合于不确定条件下的这种决策。©2023 Informa UK Limited以Taylor & Francis Group的名义进行交易。
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引用次数: 0
Does infrastructure development matter for the shadow economy in African countries? 基础设施发展对非洲国家的影子经济重要吗?
IF 2.2 Q2 Economics, Econometrics and Finance Pub Date : 2023-04-07 DOI: 10.1080/02692171.2023.2197642
P. Ningaye, Isaac Ketu
ABSTRACT Understanding the determinants of the informal economy is a crucial issue in economic development due to its far-reaching effects on development efforts. Previous studies focused exclusively on factors that can potentially reduce the relative size of the shadow economy. However, these attempts have not enjoyed much success to date in Africa, where informality has continued to thrive. We contend that realistic medium-term goals, as opposed to obligatory formalisation, could increase the output of informal businesses by providing enough infrastructure and a welcoming business climate, which would at the same time foster formalisation. Using OLS, FE and system GMM with data on 42 African countries covering 2003–2018, we find that infrastructure development reduces the relative size of the shadow economy in African countries. Our results remained consistent when we controlled for the effects of other determinants of the informal economy, employed other estimators, and used an alternative measure of the informal economy.
了解非正规经济的决定因素是经济发展中的一个关键问题,因为它对发展努力具有深远的影响。以前的研究只关注那些可能降低影子经济相对规模的因素。然而,到目前为止,这些尝试在非洲并没有取得多大的成功,在那里,非正式活动继续蓬勃发展。我们认为,现实的中期目标,而不是强制性的正规化,可以通过提供足够的基础设施和友好的商业环境来增加非正规企业的产出,同时促进正规化。利用OLS、FE和系统GMM分析42个非洲国家2003-2018年的数据,我们发现基础设施发展降低了非洲国家影子经济的相对规模。当我们控制了非正式经济的其他决定因素的影响,使用其他估计器,并使用非正式经济的替代测量方法时,我们的结果仍然是一致的。
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引用次数: 2
Inequality growth within countries, despite catch-up between countries 国家内部的不平等增长,尽管国家之间有所追赶
IF 2.2 Q2 Economics, Econometrics and Finance Pub Date : 2023-03-04 DOI: 10.1080/02692171.2023.2198329
J. Michie
The growth of China, India and other countries in the Global South over the past decades has led to a relative catching up with the already industrialised economies of North America and Europe. This translates into a reduction in global inequalities, in the sense that the gap between average living standards between the two categories of economy is no longer as great as it once was. However, this disguises what has been a global phenomenon of increased inequality of wealth and income within almost every country on earth. Thus, inequality has grown within China, within India, within the U.S., within the UK, and so on. So, any reference to reduced inequality globally needs to bear in mind this reality – of increased inequality facing people within their own country. In ‘Structural change and industrial linkages: a perspective on China’s growth pattern, 1995–2009’, Roberto Alexandre Zanchetta Borghi notes that ‘China has presented one of the most noticeable growth experiences in economic history’, with the high economic growth rates in the post-1978 reform era having been marked by deep structural changes. The paper analyses these changes from a Kaldorian-Structuralist perspective, emphasising ‘the importance of a large, diversified and integrated industrial base as a central engine of economic growth’ – which Borghi suggests, prevented balance-of-payments constraints, with most sectors having been able to generate through exports sufficient foreign exchange to pay for the required imports. In terms of the future for countries of the Global South – to go further in economic development, poverty reduction, and even perhaps reducing the inequalities in wealth and income that has been created over the past decades – an important role may be played by financial inclusion. In other words, ensuring that the less well off in these societies can gain access to basic financial products and services in a cost-effective matter. A review of the literature in this area, regarding the factors responsible for financial exclusion, policy initiatives by government and regulatory bodies, and recent trends regarding financial inclusion, is reported by Anusha Goel, in ‘Trends and reforms of financial inclusion in India’. While the literature does report progress in many aspects, as far as India is concerned, the overall picture is one of work in progress, with various challenges still faced, and needing to be overcome. Along with financial inclusion, development requires an effective productive infrastructure – including transport, communications, energy, and water and hygiene. This aspect is analysed by Isaac Ketu and Paul Ningaye in ‘Does Infrastructure Development Matter for the Shadow Economy in African Countries?’. Analysing 42
过去几十年来,中国、印度和全球南方其他国家的增长相对赶上了北美和欧洲已经工业化的经济体。这意味着全球不平等现象的减少,因为这两类经济体的平均生活水平之间的差距不再像以前那么大。然而,这掩盖了世界上几乎每个国家财富和收入不平等加剧的全球现象。因此,中国、印度、美国、英国等国的不平等现象日益严重。因此,任何提及全球不平等现象减少的说法都需要考虑到这一现实——本国人民面临的不平等加剧。Roberto Alexandre Zanchetta Borghi在《结构变化和产业联系:1995-2009年中国增长模式的视角》一书中指出,“中国呈现了经济史上最引人注目的增长经历之一”,1978年后改革时代的高经济增长率标志着深刻的结构变化。本文从卡尔多林结构主义的角度分析了这些变化,强调了“大型、多样化和一体化的工业基础作为经济增长的中心引擎的重要性”——Borghi认为,这防止了国际收支限制,大多数部门都能够通过出口产生足够的外汇来支付所需的进口。就全球南方国家的未来而言——要在经济发展、减贫方面走得更远,甚至可能减少过去几十年中造成的财富和收入不平等——金融包容性可能会发挥重要作用。换言之,确保这些社会中不太富裕的人能够获得基本的金融产品和服务,这是一件具有成本效益的事情。Anusha Goel在《印度金融包容性的趋势和改革》一书中报告了这一领域的文献综述,涉及金融排斥的因素、政府和监管机构的政策举措以及金融包容性的最新趋势。虽然文献确实报道了许多方面的进展,但就印度而言,总体情况是正在进行的工作,仍面临各种挑战,需要克服。除了金融包容性,发展还需要有效的生产性基础设施,包括运输、通信、能源、水和卫生。Isaac Ketu和Paul Ningaye在《基础设施发展对非洲国家的影子经济重要吗?》中分析了这一方面。分析42
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引用次数: 0
Structural change and industrial linkages: a perspective on China’s growth pattern, 1995-2009 结构变化与产业联系:1995-2009年中国增长模式透视
IF 2.2 Q2 Economics, Econometrics and Finance Pub Date : 2023-03-04 DOI: 10.1080/02692171.2023.2184464
Roberto Alexandre Zanchetta Borghi
ABSTRACT China has presented one of the most noticeable growth experiences in economic history. High growth rates in the post-1978 reform period have been marked by deep structural changes in the Chinese economy. This paper aims to discuss China’s long-term economic growth from a Kaldorian-Structuralist framework that emphasises the importance of a large, diversified and integrated industrial base as a central engine of economic growth that may prevent balance-of-payments constraints. This study applies input-output indicators to reveal key sectoral transformations of the Chinese productive structure and changes in interindustry linkages during the 1990s and 2000s. Results provide evidence that: (i) the Chinese sustained growth pattern has relied on a diversified and increasingly integrated domestic industrial production; and (ii) most sectors have been able to generate through exports enough foreign exchange to pay for import needs.
摘要:中国是经济史上最引人注目的增长经历之一。1978年后改革时期的高增长率标志着中国经济发生了深刻的结构性变化。本文旨在从卡尔多林结构主义框架讨论中国的长期经济增长,该框架强调了大型、多样化和一体化的工业基础作为经济增长的中心引擎的重要性,可以防止国际收支限制。本研究应用投入产出指标揭示了20世纪90年代和21世纪初中国生产结构的关键部门转变和行业间联系的变化。研究结果表明:(i)中国的持续增长模式依赖于多样化和日益一体化的国内工业生产;以及(ii)大多数部门已经能够通过出口产生足够的外汇来支付进口需求。
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引用次数: 0
Trends and reforms of financial inclusion in India 印度金融包容性的趋势和改革
IF 2.2 Q2 Economics, Econometrics and Finance Pub Date : 2023-01-18 DOI: 10.1080/02692171.2023.2167952
Anusha Goel
ABSTRACT Financial Inclusion means providing basic financial products and services to marginalised groups in society in a cost-effective manner. It is an aspect of financial development which helps to achieve higher growth, reduced inequality and reduced poverty. This article undertakes a thematic literature review of factors responsible for financial exclusion, recent trends regarding inclusion, and policy initiatives by government and regulatory bodies. The literature suggests that low earnings, gender gap, ignorance towards marginalised groups, low degree of financial literacy, remote locations and cultural barriers are all important issues behind financial inclusion. There have been improvements in the extent of inclusiveness alongside various reforms and the development of the digital infrastructure, especially during the past decade. However, certain aspects still necessitate pre-emptive measures by the authorities.
普惠金融是指以具有成本效益的方式向社会边缘群体提供基本的金融产品和服务。这是金融发展的一个方面,有助于实现更高的增长,减少不平等和减少贫困。本文对导致金融排斥的因素、包容性的最新趋势以及政府和监管机构的政策举措进行了专题文献综述。文献表明,低收入、性别差距、对边缘化群体的无知、低程度的金融知识、偏远地区和文化障碍都是金融包容性背后的重要问题。随着各种改革和数字基础设施的发展,特别是在过去十年中,包容性程度有所改善。然而,某些方面仍然需要当局采取先发制人的措施。
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引用次数: 0
期刊
International Review of Applied Economics
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