{"title":"Transnational Remittance Practices Among Latinos: Analyzing Differences Based on Nativity, Generational Status, and Social Capital","authors":"Sung David Chun","doi":"10.5430/rwe.v14n2p8","DOIUrl":"https://doi.org/10.5430/rwe.v14n2p8","url":null,"abstract":"Using data from the Chicago Area Survey (CAS), our study explores the impact of individual characteristics and factors linked to assimilation and ethnic attachment on the financial behaviors of Latinos in the United States. We particularly examine generational variations in the amount and determinants of remittance behavior among Latinos in the Chicago Metropolitan area. Our findings reveal distinct generational patterns in remittance practices as a transnational activity. While second-generation Latinos engage in remittance activities comparably to their foreign-born parents, a significant decrease is observed in third and subsequent generations. Interestingly, remittance behavior appears to be inversely related to traditional assimilation measures. Contradicting straightforward assimilation theories and aligning more with a transnational viewpoint, our multivariate models suggest a positive correlation between remittance activities and various integration indicators for both foreign-born and U.S.-born Latinos in the Chicago area. While a generational decline in remittance behavior supports assimilation theory, the positive ties between socioeconomic status or assimilation indicators and remittance activities prompt a reevaluation of the assimilation model's dominance. Our results suggest a complex interplay between assimilation processes and remittance behavior, indicating that the latter doesn't necessarily decrease as the former progresses. This calls for more research into the intricate relationship between these two dynamics.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"52 3S","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139395070","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}
{"title":"Debt-to-GDP Ratio Is Increased by Unemployment, Stock Trading, and Inequality, Decreased by Inflation, and Unaffected by Interest Rates","authors":"Gordon Bechtel","doi":"10.5430/rwe.v14n2p1","DOIUrl":"https://doi.org/10.5430/rwe.v14n2p1","url":null,"abstract":"We demonstrate that the debt-to-GDP ratio is well predicted by five closely watched variables that include inflation. The Federal Reserve, economists, and stock market traders have recently expressed concern about the \"the worst inflation in 100 years\" (CNBC and Aljazeera, 20 May, 2022). Despite their semantic massage, we demonstrate that this outbreak occurred long after the time series studies here, indicating that inflation drove our debt-to-GDP ratios well before it broke out of control in 2022. This suggests that inflation may be an endemic and uncontrollable phenomenon. We contradict the growing concern about “the worst inflation in 100 years” by showing that inflation lowers the debt-to-GDP ratio. Our data driven discovery (DDD) shows that the debt-to-GDP ratio, acting as a dependent variable, is increased by unemployment, stock trading, and inequality, decreased by inflation, and unaffected by interest rates, all acting as independent variables.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"67 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139153272","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}
{"title":"Interest Rate Quells Unemployment but Not Inflation","authors":"G. Bechtel","doi":"10.5430/rwe.v14n1p28","DOIUrl":"https://doi.org/10.5430/rwe.v14n1p28","url":null,"abstract":"Our data-driven results are: (1) The nonsignificant correlation of -.2094 (probability = .2946) between inflation and interest rate over the trans-century period 1991-2017, demonstrating the extreme difficulty in quelling inflation. (2) The highly significant correlation of -.7035 (probability = .0000) between unemployment and interest rate over this same period.Interest, unemployment, and inflation rates are percents, which are the most powerful calibrations in economics, medicine, and physics. Rate measurements may not be rescaled by multiplicative and additive constants, as can less stringent interval scales common in the social sciences. Finally, the data-dependent findings brought by Stata commands (1) and (2) generalize beyond interest, unemployment, and inflation rates to all social and data-science variates.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127662055","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}
{"title":"An Empirical Study on the Driving Factors of Financial Management Behavior of the Middle-Aged and Elderly Based on Logistic Model","authors":"Q. Chi, Xinyan Yin, Siqi Chen, Jiarui Chen, Xiaofeng Zhang","doi":"10.5430/rwe.v14n1p1","DOIUrl":"https://doi.org/10.5430/rwe.v14n1p1","url":null,"abstract":"With the rapid development of economy and society, people's demand and participation in investment and financial management are also gradually increasing. With the advent of an aging society, the participation of the middle-aged and elderly people in investment and financial management behavior is also gradually increasing, but so far, there is still a large space for development. This paper takes the middle-aged and elderly people as the research object, analyzes the basic situation of the middle-aged and elderly people's investment and financial decision-making through the literature analysis method, collects the specific data of the factors affecting the investment and financial decision-making through the questionnaire survey, and uses the logistic model and other methods to analyze the data. Finally, the regression analysis results show that age, financial knowledge, herding, risk preference and future expectation will have a significant impact on the investment and financial decision-making of the elderly. Through this research, this paper hopes to provide relevant financial institutions with opinions and references related to products, help the middle-aged and elderly people avoid the risk of financial fraud, and make a certain contribution to the development of financial market and the improvement of the participation of the middle-aged and elderly people in investment and financial management.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117154634","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}
{"title":"Study of the Economic Profitability of Soybean Production in the Collines Department in Benin: An Analysis Using the Direct Costing Method","authors":"Emile Aifa","doi":"10.5430/rwe.v14n1p35","DOIUrl":"https://doi.org/10.5430/rwe.v14n1p35","url":null,"abstract":"In the Collines department in Benin, soybean cultivation is an important agricultural activity that contributes significantly to economic growth. Its production engages various groups of producers and, to do this, its economic evaluation is essential to sustain its development. However, for several years, the development of departmental production has been characterized by a lackluster trend, despite the incentives and signals sent out by the market. Using data collected from a sample of 120 producers chosen at random in the said department, this study assessed, using an approach based on direct costing, the economic profitability of soybean production, and identified the determinants of its improvement based on a logit model. The results obtained show that the activities of the different groups of producers in the study area are economically profitable to varying degrees; and the factors identified as explaining the improvement of this profitability are: the economic situation, climatic and meteorological conditions and rural roads. To this end, as an implication of economic policies, this study suggests that the State play its part as arbiter on the market and contribute to the maintenance of rural roads. In addition, strategies must be developed to deal with climatic challenges, such as irregular rainfall.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131703259","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}
{"title":"Exploring E-waste Management Practices in South African Organisations","authors":"Tlhalefo Petterson Moyo, S. Lubbe, K. Ohei","doi":"10.5430/rwe.v14n1p12","DOIUrl":"https://doi.org/10.5430/rwe.v14n1p12","url":null,"abstract":"The previous studies have delineated the weakness and drawbacks of e-waste practices in various organisations. However, these studies failed to address major issues relating to effective e-waste management, hence the high rate of obsolescence of electronic equipment continues to grow becoming the fastest growing waste stream in the world. Organisations are paying little attention to the environmental aspects, and there is limited research surrounding e-waste in South African organisations. The primary motivation of the study was to determine the current e-waste practices in the South African organisations to contribute to sustainable e-waste management. The sample was drawn from ten South African organisations from the viewpoint of Information Technology (IT) professionals and managers through semi-structured interviews. The findings of the study revealed that there is a lack of environmental awareness programme in South African organisations, research is not conducted during the procurement process and there is no procurement strategy, limited budget is provided to purchase electronic equipment, hardware’s and software’s are not upgraded to extend the life span of electronic equipment, and data is not managed appropriately, there is lack of recycling capacity, obsolete electronic is not properly disposed of, and there is non-conformance to environmental legislations due to lack of enforcement. The study recommends an increased environmental awareness programme in South African organisations, research to be conducted prior purchasing, develop procurement strategy, provide sufficient budget and purchase environmentally friendly electronic equipment that are less harmful to the environment. The hardware’s and software’s should be upgraded to extend the life span of electronic equipment, and recycling of e-waste should be conducted to reduce and manage e-waste. To some extent, obsolete electronic equipment should be returned to the supplier to ensure safe disposal, and effort should be made to ensure regulatory compliance with the environmental legislations.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123157314","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}
{"title":"Effects of Road Infrastructure on Economic Growth in CEMAC Member Countries","authors":"Sylvaniste Etsiba","doi":"10.5430/rwe.v13n2p32","DOIUrl":"https://doi.org/10.5430/rwe.v13n2p32","url":null,"abstract":"The objective of this paper is to analyze the influence of road infrastructure on economic growth in the CEMAC zone. To do so, a two-step approach has been adopted. The first step consists in tracing the theoretical and empirical developments on the issue. The second is an empirical analysis that highlights the link between road infrastructure and economic growth by estimating the DOLS model. The data used are from the World Bank's WDI database. The results show that road infrastructure has a positive and statistically significant contribution to economic growth in the CEMAC countries. These results have led to some economic policy implications.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"83 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133418427","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}
{"title":"The Law of One Price and Its Violation: An Update on Empirical Advances","authors":"Khnd Md Mostafa Kamal, Mohammad Shihab Khan","doi":"10.5430/rwe.v13n2p14","DOIUrl":"https://doi.org/10.5430/rwe.v13n2p14","url":null,"abstract":"A monetary policy aiming to achieve some desirable macroeconomic objectives may be ineffective to some degree when the highly warranted Law of One Price (LOP) operation is violated. This essentialises identification of the potential barriers to price convergence in different contexts to maximize effectiveness of the monetary policies. With this end in view this study carries out a comprehensive review of the existing literature regarding the LOP and the half-life of the price convergence. The existing empirical evidences find that the prices tend to converge in most cases, and the barriers to and the speed of the price convergence depend on the specific contexts. Moreover, by using major Australian city-level daily petrol prices (an essential commodity) over a long period (2004-2020) and by employing unit root tests, this study estimates the half-life of the petrol prices across those cities. The findings are consistent with those of some existing studies.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114141336","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}
{"title":"Market-Based Reform, Industrial Restructuring and Economic Development of Cuba","authors":"Min Jee Oh, Jai S. Mah","doi":"10.5430/rwe.v13n2p1","DOIUrl":"https://doi.org/10.5430/rwe.v13n2p1","url":null,"abstract":"This paper examines whether market-based reform, industrial restructuring and diversification efforts have contributed to economic development of Cuba. The disintegration of the Soviet Union led to serious depression in Cuba in the early 1990s. To overcome the economic difficulties, the Cuban government began to adopt market-based reform in the mid-1990s. Cuba gradually strengthened market-based reform measures again in the late 2000s and economic growth rate rose in the meantime. Cuba could diversify its economic structure from its heavy reliance on the agricultural sector to the service sector. Cuba has overcome the negative effects of US’ economic sanctions by strengthening its bilateral relationships with countries within the socialist bloc such as the Soviet Unionand Venezuela and developing value-added industries where it has a comparative advantage. The government’s emphasis on education appears to have contributed to the development of the Cuban economy led by tourism, exports of professional services such as medical services, and a technology-intensive pharmaceutical industry. Meanwhile, insufficient allocation of resources to science and engineering coupled with the chaos in Venezuela have had negative impacts on Cuba. Finding other trade partners and foreign investors while emphasizing science and technology education may provide better opportunities for the Cuban economy.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133995494","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}
{"title":"(Un-)affordability of Homes From a Resident’s Point of View in Two Mid-Sized Canadian Cities 30 Years Apart","authors":"A. Phipps","doi":"10.5430/rwe.v13n1p1","DOIUrl":"https://doi.org/10.5430/rwe.v13n1p1","url":null,"abstract":"A new theoretical criterion of housing affordability is defined as a mismatch between where a resident likes to live if preferences are unconstrained, and where they can afford to live if preferences are budget constrained. This study theorizes and quantifies the compensatory amounts of money to be spent to reduce these mismatches by acquiring unconstrained most preferred attributes’ levels of homes. Compensatory amounts are quantified with the predicted implicit prices of almost 3,000 sold single-detached(-like) homes in each of two mid-sized Canadian cities. The analysis predicts approximately one-half of up to 74 respondents in each city in 1987 and 2020 will experience a residential mismatch if they choose their budget-constrained most preferred home. Unaffordable compensatory expenditures are especially predicted for non-managerial or professional workers if they want to afford their unconstrained most preferred attributes’ levels of house type and size, house age and exterior finish, basement condition and home renovations, and lot size and garage. Moreover, average predicted compensatory expenditures exceed loans or grants in four past and current public policies in Canada for subsidizing prices of these four attributes or increasing the wealth of homebuyers.","PeriodicalId":264194,"journal":{"name":"Research in World Economy","volume":"123 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126671840","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}