176 research outputs found
Sort by
Determinants of health and education in Latin America
Full text linkAbstract. This paper discusses the determinants of health and education in Latin America, a region which we define as consisting of the following twenty countries: Belize, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Suriname, Uruguay, and Venezuela. Health and education are integral factors to the productive capability and overall well-being of individuals. Therefore the factors that contribute to health and education lay the foundation for long-term economic growth that is distributed equitably throughout every socioeconomic stratum. There are a myriad of factors that contribute to the levels of health and the quality of education experienced by individuals living in Latin America; the determinants of health will be organized such that they fall into economic, social and historical, environmental, and biological categories, while the determinants of education will be broken down into student-side, school-level, and system-wide or macro variables. Using a panel of the twenty Latin American countries previously listed, this paper will discuss possible influences of health and education status as well as the nature of that influence; the paper will then proceed to discern between statistically significant and statistically insignificant factors. The paper will conclude with a discussion of possible statistical flaws that could result in biased conclusions.Keywords. Health, Education, Latin America, HIV, Panel data.JEL. I15, I25, C33
New Economics Books
Full text linkA wide ranged Editor Selection of economic books published within the last 3 months by the publishers (for now; Cambridge University Press, Edward Elgar, Elsevier, MIT Press, Palgrave MacMillan, Springer, Wiley, and World Scientific) which are reached out “the consensus of no copyright infringement exists” could be found under this title. Afterwards, JEL will continue to publish the economic books published within the last 3 months as listing them in its quarter edition. This is expected to enable the journal readers to follow the related literature and be aware of the new books. The list will continue to expand as accepting the books of new co-operated publishers and personal applications. The list order is organized according to book titles’ alphabetic priority
Changing the direction of the economic and demographic research
Full text linkAbstract. A simple but useful method of reciprocal values is introduced, explained and illustrated. This method simplifies the analysis of hyperbolic distributions, which are causing serious problems in the demographic and economic research. It allows for a unique identification of hyperbolic distributions and for unravelling components of more complicated trajectories. This method is illustrated by a few examples: growth of the world population during the AD era; growth of population in Africa; economic growth in Western Europe; and the world economic growth. They show that fundamental postulates of the demographic and economic research are contradicted by data, even by precisely the same data, which are used in this research. The generally accepted postulates are based on the incorrect understanding of hyperbolic distributions, which characterise the historical growth of population and the historical economic growth. In particular, data used, but never analysed, during the formulation of the Unified Growth Theory show that this theory is based on fundamentally incorrect premises and thus is fundamentally defective. In this theory, distorted representations of data are used to support preconceived and incorrect ideas. Precisely the same data, when properly analysed, show that the theory is incorrect. Application of this simple method of analysis points to new directions in the demographic and economic research. It suggests simpler interpretations of the mechanism of growth. The concept or the evidence of the past primitive and difficult living conditions, which might be perhaps described as some kind of stagnation, is not questioned or disputed. It is only demonstrated that trajectories of the past economic growth and of the growth of population were not reflecting any form of stagnation and thus that they were not shaped by these primitive and difficult living conditions. The concept or evidence of an explosion in technology, medicine, education and in the improved living conditions is not questioned or disputed. It is only demonstrated that this possible explosion is not reflected in trajectories of the economic growth and of the growth of population. Growth trajectories were increasing monotonically during the generally claimed epoch of stagnation and during the claimed explosion.Keywords. Hyperbolic distributions, Reciprocal values, Economic growth, Growth of human population, Industrial revolution, Unified Growth Theory, Growth regimes, Gross Domestic Product.JEL. A10, A12, A20, B41, C02, C12, C20, C50, Y80
Monetary Policy and Stock/Foreign Exchange Market Liquidity: The Japanese Case
Full text linkAbstract. This paper examines changes in liquidity of the stock market and foreign exchange market in response to monetary policy announcements of the Bank of Japan. In Japan, an unconventional monetary policy started from the year of 2001.This article reports on an empirical examination of the period from the beginning of the unconventional monetary policy to the present. Liquidity impairment in the foreign exchange market in Japan associated with announcements and conduct of monetary policy does not occur; however, such impairments normally do not occur. For the Japanese stock market, trade volume is associated with liquidity and the phenomenon occurs on the usual days. Market participants who obtain information about monetary policy are not subject to surprise and markets impairments do not happen as a result of the conduct of monetary policy in Japan. At least, these markets do not accept monetary policy conduct as a surprise.Keywords. Foreign exchange market, Liquidity, Monetary policy, Stock market.JEL. E52, E58, F31, G12
Innovation and Global Issues in Social Sciences 2017
Full text linkAbstract. The Congress on Innovation and Global Issues in Social Sciences 2017 was organized by InGlobe and within the framework of this, an independent platform was created by academics, bureaucrats, and NGOs. The congress was also supported by Governorship of Kaş, Municipality of Kaş, Patara Culture and Tourism Association. It took place on 27th-29th of April 2017 in Ancient City of Patara – in Kaş District of Antalya – with participation of academics, bureaucrats, and students from difference countries. Purpose of the Congress; To create innovative solutions to global problems by creating a platform where academicians, bureaucrats and non-governmental organizations worldwide will share their knowledge and experiences. It is aimed to include original works that deal with current affairs, global events, innovative approaches from all fields of social sciences. The presentation languages of the Congress are Turkish and English. It is possible to publish studies in German, Russian, French, Georgian as well as Turkish (All Dialects) and English languages in the context of the Congress.Keywords. Innovative approach, Global ıssues, InGlobe.JEL. G30, G32
A Commentary on Taiwan’s Creative and Cultural Industries
Full text linkAbstract. A commentary is offered for the further development of Taiwanese cultural and creative industries (CCI). Although there have been some scant successful cases in the context, more systematic and value co-creating efforts should be committed. The issues mentioned are especially important for CCI in a knowledge heterogeneous business world, due to the cross-sector collaboration nature of the phenomenon.Keywords. Creative and cultural industries, Commentary, Value Co-creation.JEL. M10, M11, M14
The 18th Annual Conference on Finance and Accounting
Full text linkAbstract. In this paper, the evaluation of the 18th Annual Conference on Finance and Accounting held on 26 May 2017 in Prague, Czech Republic will be mentioned.Keywords. Accounting, Finance, Czech Republic.JEL. M40, G10
A critique on the “where-what” perspective for organizational memory research
Full text linkAbstract. The following issues regarding to organization memory were mainly discussed in extant literature: 1. What is organization memory – organizations as knowledge bases. 2. Where is the memory stored? This article offers a compact commentary for these two questions, revisiting from a where-what perspective – that we should consider the nature of the context where known memory is embedded then we could really know the nature of what that knowledge piece is. Implications for research were elaborated.Keywords. Organization memory, Knowledge bases, Known memory.JEL. D80, L22, L23
Fiscal policy and the Ricardian equivalence: Empirical evidence from Morocco
Full text linkAbstract. This paper empirically investigates the validity of the Ricardian equivalence hypothesis in Morocco, based on recent data (1980-2016) that encompasses interesting episodes of demand-oriented expansionary government policy during the second half of the 2000s, followed by significant restrictive fiscal measures starting from 2012. We use the SVAR methodology, which enables us to make the difference between the dynamics of savings and the budget deficit by separating them into two types of shocks. Our results suggest that the equivalence is verified in the Moroccan macroeconomic framework. The paper concludes that national savings offset up to 76% of fiscal deficit shocks.Keywords. Fiscal deficit, National savings, Ricardian equivalence, SVAR model.JEL. H31, E21, E62
Determinants of value added tax revenue in Kenya
Full text linkAbstract. Past studies that have been undertaken on the responsiveness of Value Added Tax revenues to changes in GDP in Kenya have found a positive relationship. However, the studies omit key determinants of tax revenues, such as the nature of the tax system, institutional, demographic and structural features of the economy. Due to this omission, the estimated income elasticities are unreliable for planning purposes, a situation that might be responsible for the recurring budget deficits. The specific objectives of thepaperare to establish the determinants of Value Added Tax revenue and assess yields responseto changes in bases and reforms. The paper uses Paul Samuelson's (1955) the paper are fundamental general equilibrium analysis of the public sector to derive its main results. The estimation results show that GDP elasticity is less than the elasticities with respect to monetary GDP, suggesting the existence of an underground economy. It is also found that tax yields respond with substantial lags to changes in its determinants and revenues are sensitive to reforms and unusual circumstances. The study concludes that Kenya’s Value Added Tax revenue is very responsive to changes in its determinants especially international trade. There is the challenge of creating a stable Value Added Tax system.Keywords. Tax revenue, Elasticity, Tax system, Underground economy, Unusual circumstances.JEL. H25, H24, H27