{"title":"Understanding Economic Integration in Immigrant and Refugee Populations: A Scoping Review of Concepts and Metrics in the United States","authors":"Mitra Naseh, Jihye Lee, Yingying Zeng, Proscovia Nabunya, Valencia Alvarez, Meena Safi","doi":"10.3390/economies12070167","DOIUrl":"https://doi.org/10.3390/economies12070167","url":null,"abstract":"In an increasingly mobile world, the integration of immigrants and displaced individuals is an important factor in creating cohesive and inclusive societies. Integration has different dimensions; this scoping review examines the conceptualization and measurement of economic integration among immigrants and refugees in the United States. Quantitative peer-reviewed journal papers measuring or conceptualizing the economic integration of first-generation documented adult immigrants or refugees in the United States, as well as relevant conceptual or theory papers on this topic, were included in the review. The search strategy included an online search of the Web of Science Core Collection, PsycINFO, Applied Social Sciences Index and Abstracts (ASSIA), and EconLit. Additional search strategies included scanning the reference lists of studies identified as relevant in the initial database search. An analysis of 72 studies included in the review using a data extraction table reveals seven key domains of economic integration: income and economic security, employment and occupational categories, assets and use of financial services, neighborhood and housing, health, education, and use of public assistance. Income and economic security emerged as the most common indicators of integration in the reviewed studies. Notably, less than half of the reviewed publications had a multidimensional approach to defining or measuring economic integration, and the majority of studies were focused on immigrants, with a smaller proportion dedicated to refugees. This review emphasizes the need for comprehensive frameworks in assessing economic integration among immigrants and refugees, reflecting the multifaceted nature of their economic integration experiences.","PeriodicalId":52214,"journal":{"name":"Economies","volume":"15 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2024-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141505772","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}
EconomiesPub Date : 2024-06-28DOI: 10.3390/economies12070166
Segun Thompson Bolarinwa, Munacinga Simatele
{"title":"Asymmetric Analysis of Causal Relations in the Informality–Globalisation Nexus in Africa","authors":"Segun Thompson Bolarinwa, Munacinga Simatele","doi":"10.3390/economies12070166","DOIUrl":"https://doi.org/10.3390/economies12070166","url":null,"abstract":"This study examines the causal relationship between informality and globalisation in 30 African countries. It deviates from traditional research by adopting a bi-directional framework to address reverse causality. By applying the DH causality method in both linear and nonlinear frameworks, this research challenges the assumption of a linear relationship and finds that the causal structure is better explained within a nonlinear asymmetric context. This paper provides recommendations based on the identified causal relationships. For countries in which globalisation leads to informality, such as Angola, Congo, Guinea, Gambia, Mozambique, Sierra Leone, Tunisia, Tanzania, Uganda, Zambia, and Zimbabwe, the paper suggests policy measures to integrate the informal sector into the formal economy. These measures include designing programmes to facilitate transition, implementing skill development initiatives, and establishing support mechanisms for entrepreneurship and small businesses. Additionally, this paper advises the development of social safety nets, improved market access, effective monitoring and regulation mechanisms, education on the benefits of globalisation, and international cooperation. For countries experiencing positive shocks from informality to globalisation, this paper recommends targeted support programs for entrepreneurship, initiatives to formalize the sector, the enhancement of market access, and skill development tailored to the needs of the informal sector. These policy recommendations aim to capitalize on the positive shocks in informality by fostering entrepreneurship, formalization, market access, and skill development. In the case of negative shocks in globalisation leading to positive shocks in informality, the paper suggests implementing resilience-building policies for the informal sector during economic downturns, establishing social safety nets, and adopting flexible labour policies.","PeriodicalId":52214,"journal":{"name":"Economies","volume":"57 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2024-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141519065","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}
EconomiesPub Date : 2024-06-27DOI: 10.3390/economies12070163
Akifumi Kuchiki
{"title":"Brake Segment for Agglomeration Policy: Engineers as Human Capital","authors":"Akifumi Kuchiki","doi":"10.3390/economies12070163","DOIUrl":"https://doi.org/10.3390/economies12070163","url":null,"abstract":"A “segment” is a component of the organization of an agglomeration. The organization of agglomeration is formed by the construction of segments. Manufacturing agglomeration segments can be divided into four main categories: human resources including engineers, physical infrastructure, institutions, and living environment. Each segment then has a specific function in the process of building industrial agglomeration. We focus on the process of building segments in agglomeration formation. We define a “brake segment” as a segment that has a “function” to decelerate the speed of the process. The purpose of this paper is to identify the existence of this brake segment in the process of constructing the segments of the manufacturing agglomeration. We obtained the following three results. First, a modified version of the spatial economic model yields that the number of agglomerated firms is inversely related to the wages of skilled workers. Second, a factor analysis of the data on investment environment costs indicates that in the case of the manufacturing industry, the number of agglomerated firms are inversely related to the wages of engineers. Third, the factor analysis of the six countries in the JBIC survey reveals that the segment that poses the investment issue in foreign direct investment in India is engineers as human capital. We conclude that engineers as human capital are a brake segment. The implication is that the sustained development of “engineers” as human capital is essential for the success of manufacturing industry agglomeration.","PeriodicalId":52214,"journal":{"name":"Economies","volume":"17 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141519029","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}
EconomiesPub Date : 2024-06-27DOI: 10.3390/economies12070165
Dante Iván Agatón Lombera, Diego Andrés Cardoso López, Jesús Antonio López Cabrera, José Antonio Nuñez Mora
{"title":"Market Reactions to U.S. Financial Indices: A Comparison of the GFC versus the COVID-19 Pandemic Crisis","authors":"Dante Iván Agatón Lombera, Diego Andrés Cardoso López, Jesús Antonio López Cabrera, José Antonio Nuñez Mora","doi":"10.3390/economies12070165","DOIUrl":"https://doi.org/10.3390/economies12070165","url":null,"abstract":"This study delves into the impacts of the 2008 global financial crisis (GFC) and the COVID-19 health crisis on U.S. financial indices, exploring the intricate relationship between economic shocks and these indices during downturns. Using Markov switching regression models and control variables, including GDP, consumer sentiment, industrial production, and the ratio of inventories-to-sale, it quantifies the effects of these crises on the CBOE Volatility Index (VIX), Standard & Poor’s 500 (S&P 500), and the Dow Jones Industrial Average (DJIA) from Q1 2000 to Q2 2023, covering crucial moments of both crises and stable periods (dichotomous variables). Results reveal that the 2008 crisis significantly heightened financial volatility and depreciated the valuation of S&P 500 and DJIA indicators, while the COVID-19 crisis had a diverse impact on market dynamics, particularly negatively affecting specific sectors. This study underscores the importance of consumer confidence and inventory management in mitigating financial volatility and emphasises the need for robust policy measures to address economic shocks, enhance financial stability, and alleviate future crises, especially during endogenous crises such as financial downturns. This research sheds light on the nuanced impact of crises on financial markets and the broader economy, revealing the intricate dynamics shaping market behaviour during turbulent times.","PeriodicalId":52214,"journal":{"name":"Economies","volume":"31 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141519066","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}
EconomiesPub Date : 2024-06-27DOI: 10.3390/economies12070164
Paolo Bartesaghi, Gian Paolo Clemente, Rosanna Grassi
{"title":"A Self-Adaptive Centrality Measure for Asset Correlation Networks","authors":"Paolo Bartesaghi, Gian Paolo Clemente, Rosanna Grassi","doi":"10.3390/economies12070164","DOIUrl":"https://doi.org/10.3390/economies12070164","url":null,"abstract":"We propose a new centrality measure based on a self-adaptive epidemic model characterized by an endogenous reinforcement mechanism in the transmission of information between nodes. We provide a strategy to assign to nodes a centrality score that depends, in an eigenvector centrality scheme, on that of all the elements of the network, nodes and edges, connected to it. We parameterize this score as a function of a reinforcement factor, which for the first time implements the intensity of the interaction between the network of nodes and that of the edges. In this proposal, a local centrality measure representing the steady state of a diffusion process incorporates the global information encoded in the whole network. This measure proves effective in identifying the most influential nodes in the propagation of rumors/shocks/behaviors in a social network. In the context of financial networks, it allows us to highlight strategic assets on correlation networks. The dependence on a coupling factor between graph and line graph also enables the different asset responses in terms of ranking, especially on scale-free networks obtained as minimum spanning trees from correlation networks.","PeriodicalId":52214,"journal":{"name":"Economies","volume":"111 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2024-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141519024","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}
EconomiesPub Date : 2024-06-26DOI: 10.3390/economies12070162
Sandra Makwembere, Paul Acha-Anyi, Abiola John Asaleye, Rufaro Garidzirai
{"title":"Can Remittance Promote Tourism Income and Inclusive Gender Employment? Function of Migration in the South African Economy","authors":"Sandra Makwembere, Paul Acha-Anyi, Abiola John Asaleye, Rufaro Garidzirai","doi":"10.3390/economies12070162","DOIUrl":"https://doi.org/10.3390/economies12070162","url":null,"abstract":"With globalisation and international trade, remittances and migration significantly influence economic activities, yet their impact on tourism income and gender-specific employment remains under-researched. This study uses autoregressive distributed lags and Granger causality to examine the effects of remittances and migration on tourism income and employment in South Africa. Three models are established as follows: for aggregate employment, male employment, and female employment, each with equations for tourism income and employment. Key findings from this study indicate that remittances significantly drive tourism income in both the short and long run across all models. Conversely, employment negatively impacts tourism income, hinting at sectoral trade-offs. Migration positively affects tourism income in the short run for male and aggregate models but is insignificant for female employment. Remittances boost male employment in both the short and long run, whereas their impact on female employment is significant only in the long run. Causality analysis shows a bidirectional relationship among employment indicators, with unidirectional causality from remittances to migration and from migration to income. This study recommends policies to support remittance inflows and their productive use in tourism, along with targeted interventions to reduce gender disparities in employment and promote equitable economic opportunities.","PeriodicalId":52214,"journal":{"name":"Economies","volume":"37 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2024-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141519128","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}
EconomiesPub Date : 2024-06-26DOI: 10.3390/economies12070161
Usama R. Al-qalawi, Arqam Al-Rabbaie
{"title":"Debt Puzzle: A Comparative Analysis of Public Debt’s Impact on Production Efficiency across OECD Countries","authors":"Usama R. Al-qalawi, Arqam Al-Rabbaie","doi":"10.3390/economies12070161","DOIUrl":"https://doi.org/10.3390/economies12070161","url":null,"abstract":"Debt is a fundamental component of modern economic systems. It serves as a source of financing for government, business, and individual projects. Many earlier studies concentrated on the direct relationship between debt and economic performance using different econometric methodologies. This work investigates the effect of debt on production efficiency, extracted from the estimated production function. Unlike previous econometric approaches, we employ a production stochastic frontier analysis (SFA) on data for 18 OECD countries spanning from Quarter 1, 2015, to Quarter 3, 2021, to capture the short-run effect of debt on the production efficiency and, thus, output growth. The results show that, in the short run, as debt increases by $1 billion, efficiency increases by 0.04%. Additionally, we found that the most indebted countries are the most efficient countries. In our sample, those were the UK and France. Furthermore, the average efficiency for the 18 OECD countries was 70.07.","PeriodicalId":52214,"journal":{"name":"Economies","volume":"13 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2024-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141505773","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}
EconomiesPub Date : 2024-06-25DOI: 10.3390/economies12070160
Svetlana V. Ratner, Andrey V. Lychev, Vladimir E. Krivonozhko
{"title":"Data Envelopment Analysis-Based Approach to Improving of the Budget Allocation System for Decarbonization Targets","authors":"Svetlana V. Ratner, Andrey V. Lychev, Vladimir E. Krivonozhko","doi":"10.3390/economies12070160","DOIUrl":"https://doi.org/10.3390/economies12070160","url":null,"abstract":"Energy innovation plays an important role in the transition to a zero-carbon economy. Governments in IEA member countries are investing in the R&D, demonstration, and deployment of new energy technologies as part of their energy and climate policies. However, government subsidies for energy innovation are not always efficient in achieving climate policy goals. This paper proposes a two-stage Data Envelopment Analysis model with shared inputs to determine the optimal allocation of public funds for the energy innovation process. The innovation process is divided into two stages: the R&D stage and the commercialization stage. The inputs to the model (budget expenditures for energy innovations) are distributed between the first and second stages. As intermediate products, we use the number of patents in clean energy and hydrocarbon energy. The outputs of the model are the changes in carbon intensity and energy efficiency. This model can be used to assess the effectiveness of government spending on energy innovation. The results show that some IEA member countries should allocate a large part of the fossil fuel technology budget (more than 70%) to the research and development phase. The proposed model can support decision making at the international level to increase the effectiveness of public policies in achieving decarbonization and energy efficiency goals.","PeriodicalId":52214,"journal":{"name":"Economies","volume":"5 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2024-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141519030","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}
EconomiesPub Date : 2024-06-25DOI: 10.3390/economies12070159
Salim Bagadeem, Ayesha Siddiqui, Sapna Arora Narula, Najib H. S. Farhan, Muneer Ahmad Magry
{"title":"Impact of Firm-Specific and Macroeconomic Determinants on Environmental Expenditures: Empirical Evidence from Manufacturing Firms","authors":"Salim Bagadeem, Ayesha Siddiqui, Sapna Arora Narula, Najib H. S. Farhan, Muneer Ahmad Magry","doi":"10.3390/economies12070159","DOIUrl":"https://doi.org/10.3390/economies12070159","url":null,"abstract":"This research aims to examine the association between firm-specific and macroeconomic determinants and environmental expenditures in the Indian manufacturing sector. Furthermore, it seeks to investigate the moderation effect of country-level governance and economic development on the association between macroeconomic, firm-specific, and environmental expenditures. The current study is based on 70 manufacturing firms for the period of 2011 to 2021. The dependent variable is environmental expenditures and the independent variables are firm-specific and microeconomic determinants. The results revealed that market capitalization and firm size have a positive and significant impact on environmental expenditures. On the other hand, inflation and the rule of law negatively and significantly affect environmental expenditures. Regarding the moderation effect, the results revealed that the rule of law and GDP positively moderate the association between inflation and environmental expenditures. Hence, this research has significant implications for corporate executives, financial experts, regulators, and other interested parties.","PeriodicalId":52214,"journal":{"name":"Economies","volume":"58 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2024-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141529280","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":"Mapping EU Member States’ Quality of Life during COVID-19 Pandemic Crisis","authors":"Zacharias Dermatis, Charalampos Kalligosfyris, Eleni Kalamara, Athanasios Anastasiou","doi":"10.3390/economies12070158","DOIUrl":"https://doi.org/10.3390/economies12070158","url":null,"abstract":"This study proposes an integrated methodology for the assessment and mapping of quality of life (QoL) among European Union member states in the period before and after the pandemic crisis of COVID-19. The assessment of quality of life was based on the development of composite criteria and Geographical Information Systems or GIS technology, using variables that assess quality of life. The composite criteria relate to the socioeconomic environment, employment conditions, economic conditions and health services. Each criterion was evaluated by a set of variables, and each variable was weighted based on relevant research by Greek experts. Criteria were also weighted and combined to assess overall quality of life. The methodology was applied in 27 EU member countries, and mapping led to the identification of countries with low and high quality of life. The results showed a change in the level of overall quality of life in the EU countries before and after the pandemic period, although on a limited scale, since there is a slight reclassification of the countries’ positions. The analysis also revealed the highest level of quality of life in four EU countries [Sweden, Denmark, the Netherlands and Luxembourg] that show an increased GDP per capita, combining a low level of arrears and a low level of inability to make ends meet, whereas four countries showed the lowest level of quality of life [Greece, Bulgaria, Romania and Croatia] in both periods.","PeriodicalId":52214,"journal":{"name":"Economies","volume":"16 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2024-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141519033","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}