Abstract Republic of North Macedonia in the last several years undergoes comprehensive social protection reform. The reform processes have been focused on furthering the processes of deinstitutionalization, decentralization and pluralization of social services delivery. The transformation of social protection institutions has been one of the key priorities in this period, specifically out-of-family services for children. In this respect, alternative care services for children without parents and parental care has been strengthened and promoted. Foster care as a traditional form of protection has been given particular attention and has undergone considerable changes. This article will review key reform processes in the domain of social protection in the country, with focus on social services for children without parents and parental care. To do this, results from recent empirical research will be presented. Mixed methodology research findings target current conditions in respect to foster care, small group homes and supported living as services used for placement of children without parents and parental care as well as professional approaches used to provide for individualized and child-tailored care. Cross-cutting issues relate to human rights, basic human needs and social integration of children.
{"title":"Transformation of Out-of-Home Services for Children in North Macedonia: Towards Individualized and Child Tailored Care","authors":"Natasha Bogoevska, Suzana Bornarova, Sofija Georgievska","doi":"10.2478/eujss-2023-0002","DOIUrl":"https://doi.org/10.2478/eujss-2023-0002","url":null,"abstract":"Abstract Republic of North Macedonia in the last several years undergoes comprehensive social protection reform. The reform processes have been focused on furthering the processes of deinstitutionalization, decentralization and pluralization of social services delivery. The transformation of social protection institutions has been one of the key priorities in this period, specifically out-of-family services for children. In this respect, alternative care services for children without parents and parental care has been strengthened and promoted. Foster care as a traditional form of protection has been given particular attention and has undergone considerable changes. This article will review key reform processes in the domain of social protection in the country, with focus on social services for children without parents and parental care. To do this, results from recent empirical research will be presented. Mixed methodology research findings target current conditions in respect to foster care, small group homes and supported living as services used for placement of children without parents and parental care as well as professional approaches used to provide for individualized and child-tailored care. Cross-cutting issues relate to human rights, basic human needs and social integration of children.","PeriodicalId":52999,"journal":{"name":"European Journal of Economics Law and Social Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73209730","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract This study relies on the video method and the roundtable technique to discuss audience’s ways of thinking about the sea rescue cause in the Central Mediterranean. After presenting a self-made video containing interviews with two members of a non-profit organization that conducts search and rescue operations of migrant boats on the Central Mediterranean Sea to a small sample size of participants, a roundtable discussion was held to debate their ways of thinking in relation to the sea rescue cause. In sharing video-based messages delivered by activists/humanitarian workers with a target audience, a discussion was initiated to explore some arguments, insights and assessments. Results showed a sense of frustration among participants and concerns about notions of legality vs illegality, individual vs collective responsibility, prosocial behavior, “limited” engagement, and perceiving the migration situation as an emergency. These results are further discussed in this study, and they not only contribute to a more comprehensive evaluation of audience responses to rescue operations of migrant boats in distress at high sea, but also suggest lines for future research about the role played by the video method and the roundtable technique in engaging people to debate human rights issues and humanitarian causes.
{"title":"“Sailing Against the Wind”: Roundtable on the Sea Rescue Cause in the Central Mediterranean","authors":"Lucien Vilhalva de Campos","doi":"10.2478/eujss-2023-0007","DOIUrl":"https://doi.org/10.2478/eujss-2023-0007","url":null,"abstract":"Abstract This study relies on the video method and the roundtable technique to discuss audience’s ways of thinking about the sea rescue cause in the Central Mediterranean. After presenting a self-made video containing interviews with two members of a non-profit organization that conducts search and rescue operations of migrant boats on the Central Mediterranean Sea to a small sample size of participants, a roundtable discussion was held to debate their ways of thinking in relation to the sea rescue cause. In sharing video-based messages delivered by activists/humanitarian workers with a target audience, a discussion was initiated to explore some arguments, insights and assessments. Results showed a sense of frustration among participants and concerns about notions of legality vs illegality, individual vs collective responsibility, prosocial behavior, “limited” engagement, and perceiving the migration situation as an emergency. These results are further discussed in this study, and they not only contribute to a more comprehensive evaluation of audience responses to rescue operations of migrant boats in distress at high sea, but also suggest lines for future research about the role played by the video method and the roundtable technique in engaging people to debate human rights issues and humanitarian causes.","PeriodicalId":52999,"journal":{"name":"European Journal of Economics Law and Social Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77918399","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The Covid-19 pandemic has changed the norms of daily life for individuals around the world. This change causes employees to work from home (WFH). This new norm has opened up the landscape for the advantages of WFH and adapting oneself in performing tasks. In addition to the advantages of WFH, and leadership style and work autonomy also have the potential to assist employees to adapt the flexible work environment. Therefore, the purpose of the study is to examine the effect of WFH on adaptive performance among employees in Malaysia. This study examined the effects of humble leadership, and its moderating effects on the association between WFH and employees’ adaptive performance. The field study was conducted in Malaysia among public and private sector employees and total 200 participants were approached. The Partial Least Square (PLS) technique was used to test the hypothesized relationships among variables. The results of this study indicated that the WFH and humble leadership influenced adaptive performance and employees who perceived high humble leadership strengthen the relationship between WFH and adaptive performance. The study sheds new light on the advantages of WFH and humble leadership on adaptive performance. The theoretical and practical implications are discussed.
{"title":"The Effect of Work from Home on Adaptive Performance and Moderated by Humble Leadership","authors":"Roshayati binti Abdul Hamid","doi":"10.2478/eujss-2023-0004","DOIUrl":"https://doi.org/10.2478/eujss-2023-0004","url":null,"abstract":"Abstract The Covid-19 pandemic has changed the norms of daily life for individuals around the world. This change causes employees to work from home (WFH). This new norm has opened up the landscape for the advantages of WFH and adapting oneself in performing tasks. In addition to the advantages of WFH, and leadership style and work autonomy also have the potential to assist employees to adapt the flexible work environment. Therefore, the purpose of the study is to examine the effect of WFH on adaptive performance among employees in Malaysia. This study examined the effects of humble leadership, and its moderating effects on the association between WFH and employees’ adaptive performance. The field study was conducted in Malaysia among public and private sector employees and total 200 participants were approached. The Partial Least Square (PLS) technique was used to test the hypothesized relationships among variables. The results of this study indicated that the WFH and humble leadership influenced adaptive performance and employees who perceived high humble leadership strengthen the relationship between WFH and adaptive performance. The study sheds new light on the advantages of WFH and humble leadership on adaptive performance. The theoretical and practical implications are discussed.","PeriodicalId":52999,"journal":{"name":"European Journal of Economics Law and Social Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79456441","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Introduction: Stress is one of the normal phenomena, which in most cases are accompanied by problems and defects in the work we perform. There is a big burden in our education system, due to various reforms and socio-economic transition, but on the other hand we also have problems with the quality of teaching which are affecting the development of teaching in inadequate forms. Methodology: The research included a total of 60 teachers from schools in the municipality of Prizren, based on a random sample. Descriptive methods and correlation were used as methods of analysis to measure the correlation between the two variables, ie how much personality affects the level of stress at work. The main purpose of the research was the correlation coefficient of personality type to the level of stress in the work of teachers. Results: The general level of personality factors affects the increase of stress at work. The results show that the correlation between personality and stress (things that teachers find difficult to do) is .113 a low positive correlation, while the significance level is .389 which means that it is above the 5% confidence level, while even the correlation between personality and stress (the things teachers do most) has a low negative correlation of -.159, whereas the significance is .224 which is above the 5% confidence level. Teachers who feel attractive and extravagant do not have high stress. Teachers who feel the need for power have high levels of stress. Conclusion: Personality is an important factor for each individual, especially his impact on stress at work. For teachers the formation of personality should be done during the stages of development and formal education. Teachers have different personalities and also have different work habits. From the confirmation of the hypothesis it has resulted that personality has no influence on the increase of stress in the work of teachers.
{"title":"The Relationship Between Personality Traits and Stress at Work","authors":"Nderim Rizanaj, Butrint Thaqi","doi":"10.2478/eujss-2023-0003","DOIUrl":"https://doi.org/10.2478/eujss-2023-0003","url":null,"abstract":"Abstract Introduction: Stress is one of the normal phenomena, which in most cases are accompanied by problems and defects in the work we perform. There is a big burden in our education system, due to various reforms and socio-economic transition, but on the other hand we also have problems with the quality of teaching which are affecting the development of teaching in inadequate forms. Methodology: The research included a total of 60 teachers from schools in the municipality of Prizren, based on a random sample. Descriptive methods and correlation were used as methods of analysis to measure the correlation between the two variables, ie how much personality affects the level of stress at work. The main purpose of the research was the correlation coefficient of personality type to the level of stress in the work of teachers. Results: The general level of personality factors affects the increase of stress at work. The results show that the correlation between personality and stress (things that teachers find difficult to do) is .113 a low positive correlation, while the significance level is .389 which means that it is above the 5% confidence level, while even the correlation between personality and stress (the things teachers do most) has a low negative correlation of -.159, whereas the significance is .224 which is above the 5% confidence level. Teachers who feel attractive and extravagant do not have high stress. Teachers who feel the need for power have high levels of stress. Conclusion: Personality is an important factor for each individual, especially his impact on stress at work. For teachers the formation of personality should be done during the stages of development and formal education. Teachers have different personalities and also have different work habits. From the confirmation of the hypothesis it has resulted that personality has no influence on the increase of stress in the work of teachers.","PeriodicalId":52999,"journal":{"name":"European Journal of Economics Law and Social Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79593704","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract In this article, the concept of “responsibility to protect” is considered as one of the aspects of legal globalization. According to this concept, sovereignty is not a right and not a privilege, but an obligation of the state, and if the state is unable to ensure its sovereignty, the international community has the right to intervene in the current situation. Such an approach completely changes the traditionally established ideas about the subject of state sovereignty, since the very possibility of other states interfering in the affairs of another state is a violation of the principle of sovereignty in its generally accepted understanding.
{"title":"Legal Analysis of the “Responsibility to Protect” Concept in the Context of Globalization","authors":"L. Kurnicki","doi":"10.2478/eujss-2023-0010","DOIUrl":"https://doi.org/10.2478/eujss-2023-0010","url":null,"abstract":"Abstract In this article, the concept of “responsibility to protect” is considered as one of the aspects of legal globalization. According to this concept, sovereignty is not a right and not a privilege, but an obligation of the state, and if the state is unable to ensure its sovereignty, the international community has the right to intervene in the current situation. Such an approach completely changes the traditionally established ideas about the subject of state sovereignty, since the very possibility of other states interfering in the affairs of another state is a violation of the principle of sovereignty in its generally accepted understanding.","PeriodicalId":52999,"journal":{"name":"European Journal of Economics Law and Social Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80302234","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract In Greater Sekhukhune District Municipality, Limpopo Province in South Africa, music is a form of communication and plays a functional role in the Bapedi society. Indigenous Bapedi music is often collaborative and requires communal undertaking and coordinated cooperation. Music and dancing are social activities in which almost traditional Bapedi music practitioners participate. Rhythm and percussive sounds are highly emphasized in indigenous Bapedi music, while the melodies and rhythms of the music usually form the song texts. The main objective of this paper is to examine the creative domain of musical performance among different traditional Bapedi music practitioners, and to share some insight on how traditional Bapedi music practitioners organize, conceptualize, and experience various aspects of their daily lives. The main question the study addressed is: what motivates traditional Bapedi music practitioners to work together, and to struggle for common goals? To achieve the objectives of this study, contextual approach was employed, and data was collected through observations, interviews and video recordings of rehearsals and performances during social gatherings. Relevant sources to the context of this study in the form of published journal articles, book chapters, books and theses were also consulted to compare and complement data collected from the field research. Closer investigation has revealed that music is not alien or extraneous to the Bapedi people, but part of the Bapedi culture. It was concluded that in Bapedi society, traditional music groups were also formed voluntarily with the primary purpose of music performance and dancing, by invitation at ceremonial occasions.
{"title":"The Significant Role Played by Long Social Connections and a Pleasant Interactive Experience Among Traditional Bapedi Music Practitioners","authors":"M. Lebaka","doi":"10.2478/eujss-2023-0001","DOIUrl":"https://doi.org/10.2478/eujss-2023-0001","url":null,"abstract":"Abstract In Greater Sekhukhune District Municipality, Limpopo Province in South Africa, music is a form of communication and plays a functional role in the Bapedi society. Indigenous Bapedi music is often collaborative and requires communal undertaking and coordinated cooperation. Music and dancing are social activities in which almost traditional Bapedi music practitioners participate. Rhythm and percussive sounds are highly emphasized in indigenous Bapedi music, while the melodies and rhythms of the music usually form the song texts. The main objective of this paper is to examine the creative domain of musical performance among different traditional Bapedi music practitioners, and to share some insight on how traditional Bapedi music practitioners organize, conceptualize, and experience various aspects of their daily lives. The main question the study addressed is: what motivates traditional Bapedi music practitioners to work together, and to struggle for common goals? To achieve the objectives of this study, contextual approach was employed, and data was collected through observations, interviews and video recordings of rehearsals and performances during social gatherings. Relevant sources to the context of this study in the form of published journal articles, book chapters, books and theses were also consulted to compare and complement data collected from the field research. Closer investigation has revealed that music is not alien or extraneous to the Bapedi people, but part of the Bapedi culture. It was concluded that in Bapedi society, traditional music groups were also formed voluntarily with the primary purpose of music performance and dancing, by invitation at ceremonial occasions.","PeriodicalId":52999,"journal":{"name":"European Journal of Economics Law and Social Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83586073","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The primary focus of this report is to offer interpretation of the inner essence of David as a primary selection criteria to be selected King of Israel. In doing so, a symbolic interactionist sociological perspective will be used to analyze 1 Samuel 16: 1-13. This approach allows for being creative with analysis and it is via this framework that I will be proceeding. 1 Samuel 16: 1-13 is rich with nuance and offers fertile text for interpretation. My thesis statement purports that the inner essence of David as a primary selection criteria to be selected King of Israel can be understood via the symbolic interactionist framework.
{"title":"The Inner Essence of David as Primary Selection Criteria to be Selected King of Israel: A Symbolic Interactionist Analysis of 1 Samuel 16: 1-13","authors":"Jim Schnell","doi":"10.61363/jsse.v1i1.30","DOIUrl":"https://doi.org/10.61363/jsse.v1i1.30","url":null,"abstract":" The primary focus of this report is to offer interpretation of the inner essence of David as a primary selection criteria to be selected King of Israel. In doing so, a symbolic interactionist sociological perspective will be used to analyze 1 Samuel 16: 1-13. This approach allows for being creative with analysis and it is via this framework that I will be proceeding. 1 Samuel 16: 1-13 is rich with nuance and offers fertile text for interpretation. My thesis statement purports that the inner essence of David as a primary selection criteria to be selected King of Israel can be understood via the symbolic interactionist framework. ","PeriodicalId":52999,"journal":{"name":"European Journal of Economics Law and Social Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73684783","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The study empirically test the Miller & Modigliani (1958, 1961) irrelevance and relevance theory of capital structure in Nigeria. Thus, 16 manufacturing firms listed on the Nigerian Stock Market for the period 2010 to 2020 were tested. Three capital structure variables such as short-term debt to equity ratio, long-term debt to equity ratio and total debt-to-equity ratio (independent variables) were regressed against firm value (dependent variable). The fully modified ordinary least squares (FMOLS) was employed in the analysis of the data, and the empirical results obtained from the two models indicate that the M & M irrelevance and relevance theory does not hold in the Nigerian manufacturing firms within the investigating period. The study recommends that manufacturing firms in Nigeria should begin to focus attention on other factors outside capital structure that could possibly influence the value and performance of the firm. Some of the likely factors could be dividend policy and firm’s specific factors such as total assets, profitability, liquidity, risk exposure, growth among others.
{"title":"Testing The M & M Relevance and Irrelevance Theories of Capital Structure in Quoted Manufacturing Firms in Nigeria","authors":"J. Obayagbona, Jennifer U. Omodamwen","doi":"10.33422/eje.v2i2.176","DOIUrl":"https://doi.org/10.33422/eje.v2i2.176","url":null,"abstract":"The study empirically test the Miller & Modigliani (1958, 1961) irrelevance and relevance theory of capital structure in Nigeria. Thus, 16 manufacturing firms listed on the Nigerian Stock Market for the period 2010 to 2020 were tested. Three capital structure variables such as short-term debt to equity ratio, long-term debt to equity ratio and total debt-to-equity ratio (independent variables) were regressed against firm value (dependent variable). The fully modified ordinary least squares (FMOLS) was employed in the analysis of the data, and the empirical results obtained from the two models indicate that the M & M irrelevance and relevance theory does not hold in the Nigerian manufacturing firms within the investigating period. The study recommends that manufacturing firms in Nigeria should begin to focus attention on other factors outside capital structure that could possibly influence the value and performance of the firm. Some of the likely factors could be dividend policy and firm’s specific factors such as total assets, profitability, liquidity, risk exposure, growth among others.","PeriodicalId":52999,"journal":{"name":"European Journal of Economics Law and Social Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75175275","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Athanasios Davalas, Y. Charalabidis, Panagiota Fenekoy
The study in question is aimed at examining the use of AI in evaluation processes in startups. The research seeks to address the issues surrounding the use of AI in startup evaluation. The introduction presents some background information concerning AI use in evaluation processes in a newly created organization. A literature review presents more information as proof of the strengths and weaknesses of AI use in evaluating a startup. A clear presentation of the SWOT analysis of the use of AI in evaluating startup organizations. The findings paint a clearer picture of what startup organizations should expect when implementing the use of AI to evaluate themselves. A discussion of the findings is presented in the research to ensure that people understand the issues surrounding the use of AI in evaluating startups and that they know the strengths and weaknesses of using AI in such processes. A brief conclusion summarizes what has been discussed in the study.
{"title":"Startup Valuation with Artificial Intelligence: A SWOT Analysis","authors":"Athanasios Davalas, Y. Charalabidis, Panagiota Fenekoy","doi":"10.33422/eje.v2i2.154","DOIUrl":"https://doi.org/10.33422/eje.v2i2.154","url":null,"abstract":"The study in question is aimed at examining the use of AI in evaluation processes in startups. The research seeks to address the issues surrounding the use of AI in startup evaluation. The introduction presents some background information concerning AI use in evaluation processes in a newly created organization. A literature review presents more information as proof of the strengths and weaknesses of AI use in evaluating a startup. A clear presentation of the SWOT analysis of the use of AI in evaluating startup organizations. The findings paint a clearer picture of what startup organizations should expect when implementing the use of AI to evaluate themselves. A discussion of the findings is presented in the research to ensure that people understand the issues surrounding the use of AI in evaluating startups and that they know the strengths and weaknesses of using AI in such processes. A brief conclusion summarizes what has been discussed in the study.","PeriodicalId":52999,"journal":{"name":"European Journal of Economics Law and Social Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81730227","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study investigates whether oil price changes have asymmetric pass-through effects on inflation using Brazilian quarterly data from the first quarter of 2000Q1 through 2021Q4. It applies a nonlinear Autoregressive Distributed Lag (NARDL) model that can simultaneously decompose the price of oil into its partial sum of positive and negative components to account for both the short-run and long-run asymmetric behaviour of inflation. The empirical findings reveal that the pass-through of the oil price to inflation from the short to the long term has a nonlinear or asymmetric effect. It concludes that the monetary authority should consider the asymmetric effects of the inflation-oil price nexus.
{"title":"The Asymmetric Impact of Oil Price Dynamics on Inflation in Brazil","authors":"Jephthah Osei","doi":"10.33422/eje.v2i2.251","DOIUrl":"https://doi.org/10.33422/eje.v2i2.251","url":null,"abstract":"This study investigates whether oil price changes have asymmetric pass-through effects on inflation using Brazilian quarterly data from the first quarter of 2000Q1 through 2021Q4. It applies a nonlinear Autoregressive Distributed Lag (NARDL) model that can simultaneously decompose the price of oil into its partial sum of positive and negative components to account for both the short-run and long-run asymmetric behaviour of inflation. The empirical findings reveal that the pass-through of the oil price to inflation from the short to the long term has a nonlinear or asymmetric effect. It concludes that the monetary authority should consider the asymmetric effects of the inflation-oil price nexus.","PeriodicalId":52999,"journal":{"name":"European Journal of Economics Law and Social Sciences","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91206989","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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