Kyklos最新文献_第9页

Financial stress and economic growth: The moderating role of trust 金融压力与经济增长：信任的调节作用

IF 1.9 3区经济学

Kyklos Pub Date : 2021-12-03 DOI: 10.1111/kykl.12285

Panagiota Makrychoriti, Fotios Pasiouras, Menelaos Tasiou

{"title":"Financial stress and economic growth: The moderating role of trust","authors":"Panagiota Makrychoriti, Fotios Pasiouras, Menelaos Tasiou","doi":"10.1111/kykl.12285","DOIUrl":"https://doi.org/10.1111/kykl.12285","url":null,"abstract":"The literature suggests that trust can influence the behavior of economic agents and improve access to financing for both households and corporations. Subsequently, this might have implications for the consumption of households and the investments of corporations. Therefore, trust could mitigate the negative impact of financial stress on economic growth. To test this hypothesis, we use a sample of EU countries over the period 2002–2020 and examine the interaction of trust with financial stress in shaping GDP growth. The interaction term enters the estimations with a positive and statistically significant coefficient, and it therefore mitigates the negative impact of financial stress on economic growth. Furthermore, by disaggregating the GDP into its four main components, we find that the moderating effect of trust flows through the two main components of GDP mentioned above, namely households’ consumption and firms’ investments. Additionally, we observe that the interaction effect becomes weaker in countries with a higher economic freedom and is strengthened in centre and left-wing governments compared to right-wing economically oriented ones.","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2021-12-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/kykl.12285","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71955888","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Bullying, cyberbullying, and youth health behaviors 欺凌、网络欺凌和青少年健康行为

IF 1.9 3区经济学

Kyklos Pub Date : 2021-11-24 DOI: 10.1111/kykl.12286

Dimitrios Nikolaou

{"title":"Bullying, cyberbullying, and youth health behaviors","authors":"Dimitrios Nikolaou","doi":"10.1111/kykl.12286","DOIUrl":"https://doi.org/10.1111/kykl.12286","url":null,"abstract":"This paper examines the impact of bullying and cyberbullying victimization on youth health behaviors (smoking, drinking, drugs, sexual intercourse) since the literature has not evaluated within the same framework whether bullying on school grounds and cyberbullying have distinct effects on such behaviors. Using within law heterogeneity in anti-(cyber)bullying laws during 2011–2019, I jointly estimate the decision to adopt a health (dis)accumulating behavior along with a multivariate treatment into four victimization groups: no victimization, bullying only at school, only cyberbullying, both bullying and cyberbullying. Identification of students who face one of the four distinct victimization types reveals heterogeneous effects: cyberbullying has stronger deleterious effects than bullying, and students who experience both accumulate even less health capital. Interestingly, female students respond to victimization by increasing their participation in addictive health behaviors (smoking, excess drinking, marijuana, other illicit drugs), whereas male students are prone to engaging in riskier sexual behaviors (multiple sex partners, unprotected sex). These effects remain even after accounting for mediating effects of student depression and truancy suggesting that public policies should invest in strategies to educate the student's social environment (peers, teachers, parents) about their role in preventing (cyber)bullying and in providing effective counseling for victimized students.","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2021-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/kykl.12286","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71984569","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 9

Political embeddedness and firms' growth 政治嵌入与企业成长

IF 1.9 3区经济学

Kyklos Pub Date : 2021-11-23 DOI: 10.1111/kykl.12287

Zhi Wang, Miao Yu

引用次数: 5

A social-psychological reconstruction of Amartya Sen’s measures of inequality and social welfare 阿马蒂亚·森的不平等和社会福利衡量标准的社会心理学重建

IF 1.9 3区经济学

Kyklos Pub Date : 2021-10-01 DOI: 10.1111/kykl.12280

Oded Stark, Wiktor Budzinski

{"title":"A social-psychological reconstruction of Amartya Sen’s measures of inequality and social welfare","authors":"Oded Stark, Wiktor Budzinski","doi":"10.1111/kykl.12280","DOIUrl":"10.1111/kykl.12280","url":null,"abstract":"The Gini coefficient features prominently in Amartya Sen’s 1973 and 1997 seminal work on income inequality and social welfare. We construct the Gini coefficient from social-psychological building blocks, reformulating it as a ratio between a measure of social stress and aggregate income. We determine when as a consequence of an income gain by an individual, an increase in the social stress measure dominates a concurrent increase in the aggregate income, such that the magnitude of the Gini coefficient increases. By integrating our approach to the construction of the Gini coefficient with Sen’s social welfare function, we are able to endow the function with a social-psychological underpinning, showing that this function, too, is a composite of a measure of social stress and aggregate income. We reveal a dual role played by aggregate income as a booster of social welfare in Sen’s social welfare function. Quite surprisingly, we find that a marginal increase of income for any individual, regardless of the position of the individual in the hierarchy of incomes, improves welfare as measured by Sen’s social welfare function.","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2021-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/kykl.12280","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77129346","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Economic liberalization, political regimes and ideology 经济自由化，政治体制和意识形态

IF 1.9 3区经济学

Kyklos Pub Date : 2021-09-07 DOI: 10.1111/kykl.12281

Vítor Castro, Rodrigo Martins

引用次数: 0

Can government spending boost firm sales? 政府支出能促进企业销售吗?

IF 1.9 3区经济学

Kyklos Pub Date : 2021-08-18 DOI: 10.1111/kykl.12278

Asif Islam, Gregmar I. Galinato, Wentao Zhang

引用次数: 4

Corrosive effects of corruption on human capital and aggregate productivity 腐败对人力资本和总生产率的腐蚀效应

IF 1.9 3区经济学

Kyklos Pub Date : 2021-08-18 DOI: 10.1111/kykl.12279

Kanat Abdulla

引用次数: 4

The problem of evil: An economic approach 邪恶的问题:一种经济方法

IF 1.9 3区经济学

Kyklos Pub Date : 2021-07-26 DOI: 10.1111/kykl.12277

Francisco Parro

引用次数: 3

Meet the need – the role of vocational education and training for the youth labour market 满足需求——职业教育和培训对青年劳动力市场的作用

IF 1.9 3区经济学

Kyklos Pub Date : 2021-07-21 DOI: 10.1111/kykl.12269

Thomas Bolli, Maria Esther Oswald-Egg, Ladina Rageth

{"title":"Meet the need – the role of vocational education and training for the youth labour market","authors":"Thomas Bolli, Maria Esther Oswald-Egg, Ladina Rageth","doi":"10.1111/kykl.12269","DOIUrl":"https://doi.org/10.1111/kykl.12269","url":null,"abstract":"To combat negative trends in the youth labour market, policymakers around the world support vocational education and training (VET) programmes. This paper investigates how enrolment rates in upper-secondary education programmes – general education, school-based VET and dual VET – affect ten youth labour market indicators on integration and job quality. We run first-difference generalized method of moments regressions on panel data of 36 countries for 2004 through 2014. We complement the existing literature by dealing with unobserved heterogeneity across time and reverse causality and by analysing non-linear effects that might arise due to general equilibrium effects. Our findings show that school-based VET and dual VET have different effects: school-based VET's effect on the labour market depends on the outcome indicator and country, whereas dual VET overall improves both labour market integration and job quality. Depending on the labour market indicator, we find evidence for both linear and non-linear effects. In educational reforms, policymakers should therefore consider the non-linear and heterogeneous effects of VET.","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2021-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/kykl.12269","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137954077","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

To follow or not to follow the herd? Transparency and social norm nudges 随大流还是不随大流?透明度和社会规范推动

IF 1.9 3区经济学

Kyklos Pub Date : 2021-07-21 DOI: 10.1111/kykl.12274

Elena Kantorowicz-Reznichenko, Jaroslaw Kantorowicz

{"title":"To follow or not to follow the herd? Transparency and social norm nudges","authors":"Elena Kantorowicz-Reznichenko, Jaroslaw Kantorowicz","doi":"10.1111/kykl.12274","DOIUrl":"10.1111/kykl.12274","url":null,"abstract":"Behavioral interventions in general, and nudges in particular have become in recent years a popular (soft) regulatory instrument all around the world. Despite the excitement around this policy-relevant field, some concerns have been raised. Nudges utilize behavioral biases in order to direct an individual's behavior. People, however, are usually not aware of the fact that such biases are used to influence their behavior. Making nudges transparent is important in democratic societies; yet, this might inhibit their effectiveness. Whether transparency inhibits the effect of a nudge was examined with respect to default nudges. However, this is the first paper to examine the effectiveness of transparent social norm nudges. Using an online experiment, we find that unlike with defaults, where transparency seems not to have inhibitive effects, disclosing the way social norms work and the purpose of using them diminishes the positive social norm effect. By means of heterogeneity analysis, we show that these results (the positive effect of the nudge and the inhibitive influence of transparency) hold only for male participants. Given the proliferation of nudges in public policies around the world, these results call for further research on nudges and transparency.","PeriodicalId":47739,"journal":{"name":"Kyklos","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2021-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1111/kykl.12274","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76367381","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 5