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    1100 research outputs found

    EUREFE’17 International Conference

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    Abstract. The 2nd International Conference EUREFE (EUREFE’17) was held on 27-29 July 2017, in Aydin. This year’s conference theme was about ‘Economic, Administrative and Political Transformations in the World and Turkey: Impacts and Policy Recommendations’. The conference, organized by Aydin Faculty of Economics-Adnan Menderes University, welcomed many scientists and participants from different parts of Turkey and all around the world.Keywords. EUREFE’17, Income inequality, Transition economies, Panel data.JEL. E10, P20, C33

    Freedom Budget for all Americans and Economic Equality

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    Abstract. The Freedom Budget for All Americans, written under the supervision of Bayard Rustin and released in 1966 by the A. Philip Randolph Institute, was a well developed policy program to secure full economic citizenship for all Americans thanks to an unprecedented government investment. The program challenged the classic definition of civil rights and linked increased government spending to economic justice.  It never earned traction and remained at the margins of historical memory by the end of the Johnson Presidency. The recent literature on the Freedom Budget focuses on its ideological milieu and political implications and identifies the strategic errors in coalition building as the main cause of the Freedom Budget defeat. This paper concentrates on a specific element of the plan, the notion of economic equality, and states that the disagreement between radicals and liberals on such a notion ultimately caused the undoing of the coalition.Keywords. Freedom Budget, Philip Randolph, Johnson Administration, economic equality.JEL. B29, B31, B59

    How Government Policy and Demographics affect Money Demand Function in Bangladesh

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    Abstract. Money demand has a key position in macroeconomics generally and monetary economics particularly. The improved economic condition of any country is a sign of increasing money demand and deteriorating economic climate is a sign of decreasing money demand (Maravic & Palic, 2005). In this study, Autoregressive distributed lag (ARDL) approach of co-integration developed by Pesaran et al., (2001) is used to estimate the money demand function. Real interest rate, GDP per capita, exchange rate, fiscal deficit, urban and rural population are selected to determine money demand function in Bangladesh over the period from 1975-2013. The co-integration analysis reveals that interest rate and per capita GDP exerts significant effect upon money demand both in long run and short run as well. Both urban and rural population have significant effect on money demand in the long run and short run and money demand function is found stable over time.Keywords. Bangladesh, Money demand, Per Capita GDP, Real interest rate, Exchange rate, Fiscal deficit, Urban and Rural Population.JEL. E41, G18, N30

    The influences of cognition of institutional logics and triple helix relations on innovation performance: An empirical study of firms in industrial park in Taiwan

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    Abstract. The present study set out to investigate into the influences of cognition of institutional logics and triple helix relationships (i.e., the industry-university-government linkages) on firm innovation performance in the context of Taiwan industrial parks. The data from 131 organizational-level questionnaires collected from firms located in different industrial parks were analyzed. The results showed that cognition of institutional logics is positively associated with firms’ innovation performance. Furthermore, such positive relationship is strengthened by the number of triple helix relationships in the form of mediation but not moderation effect. Theoretical and practical implications were elaborated. Keywords. Cognition of institutional logics, Triple helix, Innovation performance, Industrial park.JEL. M10, M14

    Contribution of individual social preferences on the propensity to cooperate: Lessons from an experimental study

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    Abstract. Axelrod (1992) highlighted the important role of cooperation in actors’ strategy and performance in the social interactions. This importance is confirmed by Thépot (1998). The understanding of individual propensity to cooperate is an important field to better know their strategies and the performance of the economic systems’ in which they evolve. In this sense, game theory indicates that individual’s propensity to cooperate depends on his anticipation of decision that will be made by other participants and his expected gain. The challenge of this assumption based on experimental study generated other motivations to individual decision. An individual can be motivated by altruism, reciprocity, inequity aversion, …these motivations, other than self-pecuniary interest, form the social preferences theory which opened the way to other reading of individual propensity to cooperate within organizations. A better understanding of the influence of these social preferences on the decisions to cooperate (or not) within organizations have motivated this research. It relies on data collected through an experimental study which allowed the identification of the motivations (altruism, desire of reciprocity, inequity aversion,…) which best characterize individual social preferences and to study its influence on the contributions made in public good game. It concludes that the presence of rational selfish persons only motivated by pecuniary gain is the cause of cooperation’s declining within organizations and that individuals motivated by an inequity aversion have some resilience when they experiment a lack of cooperation from other organizations members. It therefore establishes that an individual social preference influence his propensity to cooperate within organization. As well, in addition to other determinants found in the literature, the conclusions of this research underline the role of social preferences in the functioning and the dynamics of organizations. Keywords. Social preferences, Cooperation, Experimental study.JEL. C72, C81

    Hindutva, Neoliberalism and the Reinventing of India

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    Abstract. The 2014 parliamentary election in India reduced Congress party to merely 44 seats in the lower house, big blow for a party whose history is integral the country’s founding narrative. In the last parliamentary election the Congress party polled only 19.3% of the votes declining from 28.6% in 2009, while on the other hand the main right wing party i.e. BJP won 282 parliamentary seats and 31% of the national votes. The extreme right-wing organisations have undoubtedly become the central pole of Indian politics. Moreover, its recent success in Uttar Pradesh provincial election, which is one of the most populated province with 215 million inhabitants, is the strongest evidence yet of the broader shift to the right and the BJP’s victory in UP state strengthens this shift. This paper intends to study the recent rise of extreme right-wing Hindu organisations in India. Most prominent among these organisations are RSS, BJP, VHP, Bajang Dal and Shiv Sena. However, all of them work together under the philosophy of Hindutva (i.e. Hindu-ness) and are rabidly anti-minority in their stance. The aim of this study is to highlight the recent rise in extreme right-wing Hindu organisations and to examine their ideas and philosophy regarding Indian history and culture. It is also useful to set this against a global context in which divisive and ultra-nationalist forces are on the rise within Europe and Donald Trump has assumed the US presidency. The study argues that the adoption of neoliberal economic policy in 1991 has increased GDP, but hardly any expansion in employment, which is known as ‘jobless growth’. The study also finds the far right encroachment into India’s liberal institutions and it seems that Indian polity is undergoing a historically unprecedented change with extreme-right to dominance into vast areas of ideology, economy and culture.Keywords: India, Hindutva, Neo-liberalism, Secularism and minorities.JEL. N30, N35, N40

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    Differences in wealth, education, and history

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    Abstract. An understanding of the freedoms (or the lack of freedoms) and their economic consequences on early black Americans provides an informative understanding to the freedoms (or the lack of freedoms), and their economic consequences on other, modern ethnic groups. Curtis (2017) investigates the link between the social asymmetry and economic asymmetry among early blacks and whites in the United States of America. For the empirical study,  Curtis (2017) uses cross-sectional variables from the Integrated Public Use Microdata Sample (IPUMS), developed informative conditional ratios, and employed least squares statistical analyses. This study finds that economic differences among ethnic groups, as measured by differences between early blacks and whites, are intertwined with asymmetrical freedoms, leading to statistically insignificant returns to education, as measured by literacy. One might conclude that the individual’s basic protection of life, liberty, and the pursuit of happiness must proceed any expectations of measured returns to schooling, particularly among individuals in disenfranchised groups. Furthermore, one might propose education policy such that modern higher education investment programs prioritize education entrepreneurs and/or state/social planners with academic research familiarity of differences in wealth.Keywords. Wealth, education.JEL. D31, E21, N30

    Diversity, emotion, and decision to implement innovation in family business

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    Abstract. Family firms are generally small and medium-sized, characterized by ‘flat’ organizational structures and internal succession patterns and relying upon self-financing. One way to overcome inherent liability of family business is to innovate in critical management aspects and jump out to a new operational model. The capability of a firm to continuously innovate is critical for competitive advantage. It can also contribute to the development for the so-called dynamic capability. A firm’s dynamic capability describes to continuously innovate.Keywords. Household behavior, Family economics, Family business.JEL. D10, D13, D14

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