Economic Systems最新文献_第7页

Globalization in lifelong gender inclusive education for structural transformation in Africa 全球化促进非洲结构转型的终身性别包容教育

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-12-01 DOI: 10.1016/j.ecosys.2024.101218

Simplice A. Asongu , Jean R.F.K. Bouanza , Peter Agyemang-Mintah

{"title":"Globalization in lifelong gender inclusive education for structural transformation in Africa","authors":"Simplice A. Asongu , Jean R.F.K. Bouanza , Peter Agyemang-Mintah","doi":"10.1016/j.ecosys.2024.101218","DOIUrl":"10.1016/j.ecosys.2024.101218","url":null,"abstract":"<div><div>The present study examines the relevance of globalization in lifelong gender inclusive education for structural transformation. The focus of the research is on 41 countries in Africa using data from 2004 to 2021. The generalized method of moments (GMM) is employed to assess the problem statement within the remit of interactive regressions. Gender inclusive lifelong learning is measured as gender inclusive education acquired during the three levels of education, notably: primary, secondary and tertiary inclusive education stages. Total globalization and corresponding components (social, economic and political dynamics) are employed as moderators. The attendant sub-components of economic (i.e., trade and financial) and social (i.e., interpersonal, informational and cultural) globalization are also employed for robustness purposes. The hypotheses that globalization and gender inclusive lifelong learning individually influence structural transformation are not validated. Furthermore, the hypothesis that globalization dynamics moderate lifelong gender inclusive education to promote structural transformation is also not validated. Clarification as to why the hypotheses are not validated is provided. Policy implications are discussed.</div></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"48 4","pages":"Article 101218"},"PeriodicalIF":2.8,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140403848","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

The impact of the heterogenous fiscal policy stance of euro-area member states on ECB monetary policy 欧元区成员国不同财政政策立场对欧洲央行货币政策的影响

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-12-01 DOI: 10.1016/j.ecosys.2024.101216

Linas Jurkšas

引用次数: 0

Long-term responses to large minimum wage shocks: Subminimum and super-minimum workers in Slovenia 对大规模最低工资冲击的长期反应：斯洛文尼亚最低以下和超最低工人

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-12-01 DOI: 10.1016/j.ecosys.2024.101223

Suzana Laporšek , Peter F. Orazem , Milan Vodopivec , Matija Vodopivec

引用次数: 0

Geographic complexity and bank risk: Evidence from cross-border banks in Africa 地理复杂性与银行风险：来自非洲跨境银行的证据

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-09-01 DOI: 10.1016/j.ecosys.2024.101190

引用次数: 0

Institutional quality and US FDI outflows: Do political regimes matter? 制度质量与美国外国直接投资外流：政治体制重要吗？

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-09-01 DOI: 10.1016/j.ecosys.2024.101241

{"title":"Institutional quality and US FDI outflows: Do political regimes matter?","authors":"","doi":"10.1016/j.ecosys.2024.101241","DOIUrl":"10.1016/j.ecosys.2024.101241","url":null,"abstract":"<div><p><span><span>To what extent are the locational decisions for US FDI outflows affected by the nature of the political regimes along with the quality of institutions in the host countries? Using property rights protection as an indicator of institutional quality, this study analyses how sensitive US FDI outflows are to institutional factors and to the nature of the hosting countries’ political regimes. In other words, whether a democratic or an autocratic regime makes any difference in terms of attracting US FDI. A joint effect between democracy and the protection of property rights on US FDI flows is examined using a panel data fixed effect technique for forty-one countries during the period 1984–2021. The </span>instrumental variable method is used to check the endogeneity concerns. The results predict that the protection of property rights can have a positive impact in attracting US FDI, provided the countries in question become more democratic in nature. The findings suggest that partial reform to enhance the institutional quality or unconsolidated </span>democratization<span> are insufficient to attract US FDI rather than complementing each other in bringing FDI. The implication of the findings reveals that a democratic country such as India can be a good location for US investment if its protection of property rights becomes stronger. Moreover, some highly democratic countries with strong institutions should be more market oriented and improve their quality of infrastructure to receive the maximum benefit. Our results are robust to alternate measures of institutional quality/democracy and endogeneity concerns.</span></p></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"48 3","pages":"Article 101241"},"PeriodicalIF":2.8,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141404144","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Persistence of human capital development in OECD countries over 150 years: Evidence from linear and nonlinear fractional integration methods 经合组织国家 150 年来人力资本发展的持续性：线性和非线性分数积分法的证据

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-09-01 DOI: 10.1016/j.ecosys.2024.101215

{"title":"Persistence of human capital development in OECD countries over 150 years: Evidence from linear and nonlinear fractional integration methods","authors":"","doi":"10.1016/j.ecosys.2024.101215","DOIUrl":"10.1016/j.ecosys.2024.101215","url":null,"abstract":"<div><p>The goal of this study is to examine the persistence of human capital development in 21 member countries of the Organization for Economic Cooperation and Development for the period 1870–2019. Gross enrollment rates for secondary and tertiary education are both used as proxies for human capital development. Employing linear and nonlinear fractional integration approaches, our results suggest high degrees of persistence in the series under examination. However, lower orders of integration are observed in the data for tertiary education than for secondary education. Thus, no evidence of reversion to the mean is found in secondary education, and Australia and New Zealand have the highest coefficients for the time trends and the highest dependence. However, mean reversion in tertiary education is found in France, the US, and, in particular, Austria. Finally, evidence of nonlinearity is observed in about eight countries, though without altering the persistence in the series. The implications of the empirical results are also presented.</p></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"48 3","pages":"Article 101215"},"PeriodicalIF":2.8,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0939362524000372/pdfft?md5=5d9b5e37638374b3febabbbc0f9121e0&pid=1-s2.0-S0939362524000372-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140106066","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

The impacts of anti-organized crime on asset prices: Evidence from China 反有组织犯罪对资产价格的影响：来自中国的证据

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-09-01 DOI: 10.1016/j.ecosys.2024.101198

引用次数: 0

Selective industrial policy and overcapacity: Evidence from a quasi-natural experiment in China 选择性产业政策与产能过剩：来自中国准自然实验的证据

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-09-01 DOI: 10.1016/j.ecosys.2024.101191

{"title":"Selective industrial policy and overcapacity: Evidence from a quasi-natural experiment in China","authors":"","doi":"10.1016/j.ecosys.2024.101191","DOIUrl":"10.1016/j.ecosys.2024.101191","url":null,"abstract":"<div><p>Overcapacity has long been a \"chronic problem affecting China's economic development.\" Why is China's overcapacity intractable? This study takes the \"Revitalization Plans of Ten Industries\" (the RPTI) issued by the Chinese government in 2009 as a quasi-natural experiment. It deploys the data of China's A-share listed enterprises and the difference-in-differences (DID) model to investigate the impact of the selective industrial policy on enterprise overcapacity. The results show that the policy has a significant and persistently negative effect on the capacity utilization rate of the treated group. Mechanistic studies reveal that policy-induced overcapacity is caused by increasing government subsidies for the treated group, depressing corporate investment efficiency, and growing capital misallocation. After considering zombie enterprises, we find that the policy mainly leads to the overcapacity of regular enterprises but has no negative impact on zombie enterprises, and zombie enterprises crowd out the capacity utilization rate of regular enterprises in the same industry. This study indicates that a selective industrial policy that prevents the market elimination mechanism from functioning is an underlying cause of overcapacity in China. The study's findings reveal why the administrative de-capacity policies enacted by the Chinese government have failed to eliminate backward capacity but rather created a new overcapacity issue.</p></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"48 3","pages":"Article 101191"},"PeriodicalIF":2.8,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139638393","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Sustainable energy deployment in developing countries: The role of composition of energy aid 发展中国家的可持续能源部署：能源援助构成的作用

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-09-01 DOI: 10.1016/j.ecosys.2024.101195

{"title":"Sustainable energy deployment in developing countries: The role of composition of energy aid","authors":"","doi":"10.1016/j.ecosys.2024.101195","DOIUrl":"10.1016/j.ecosys.2024.101195","url":null,"abstract":"<div><p><span><span>Climate mitigation in developing nations calls for a shift to renewable technologies from </span>fossil fuels<span>. However, such transformative change requires enormous concessional funding in the energy sector. This paper examines the impact of energy aid and its composition on the transition to clean energy infrastructure in the power sector in 67 developing countries during the period 2002–2017. The analysis is also conducted by segregating aggregate renewable technologies into hydro and non-hydro sources. Applying system GMM and panel quantile </span></span>regression techniques, we find that the effectiveness of energy aid depends upon its composition and the maturity of renewable technology in the recipient countries. Renewable and distribution energy aid benefits the transition only with hydro sources and has a counter-productive effect on non-hydro renewable technologies, such as solar and wind. In contrast, findings reveal that energy aid for non-renewable energy generation and policy hinder the transition process with both hydro and non-hydro renewable technologies. These findings warrant a shift in the composition and technology target of energy aid by the donors in order to foster climate mitigation and mobilize private investments in relatively less developed non-hydro renewable technologies.</p></div>","PeriodicalId":51505,"journal":{"name":"Economic Systems","volume":"48 3","pages":"Article 101195"},"PeriodicalIF":2.8,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140522410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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

Supporting African union: Do macroeconomic fluctuations matter? 支持非洲联盟：宏观经济波动重要吗？

IF 2.8 2区经济学

Economic Systems Pub Date : 2024-09-01 DOI: 10.1016/j.ecosys.2024.101186

引用次数: 0