scholarly journals A Theory of Occupational Choice with Endogenous Fertility

2012 ◽  
Vol 4 (4) ◽  
pp. 1-34 ◽  
Author(s):  
Dilip Mookherjee ◽  
Silvia Prina ◽  
Debraj Ray
Keyword(s):  
Child Labor ◽  
Occupational Choice ◽  
Steady States ◽  
Comparative Statics ◽  
Equilibrium Analysis ◽  
Cross Sectional ◽  
Labor Regulations ◽  
Long Run ◽  
Redistribution Policy ◽  
Shed Light

Theories based on partial equilibrium reasoning alone cannot explain the widespread negative cross-sectional correlation between parental wages and fertility, without restrictive assumptions on preferences and childcare costs. We argue that incorporating a dynamic general equilibrium analysis of returns to human capital can help explain observed empirical patterns. Other by-products of this theory include explanations for intergenerational mobility without stochastic shocks, connections between mobility and fertility patterns, and locally determinate steady states. Comparative statics exercises on steady states shed light on the effects of education, childcare subsidies, child labor regulations, and income redistribution policy on long run living standards. (JEL H23, I31, J13, J24, J62, J82)

Lucky Last? Intra-Sibling Allocation of Child Labor

2008 ◽  
Vol 8 (1) ◽  
Author(s):  
Tatyana Chesnokova ◽  
Rhema Vaithianathan
Keyword(s):  
Developing Countries ◽  
Human Capital ◽  
Theoretical Model ◽  
Child Labor ◽  
Labor Income ◽  
Labor Laws ◽  
Labor Regulations ◽  
Long Run ◽  
Born Child ◽  
Sibling Effects

Abstract This paper has two objectives. First, we construct a theoretical model which explains the empirical evidence that in developing countries, first-born children are more likely to be child laborers than later-born. Second, we explore the long-run consequences of child labor regulations within our framework. In our model, credit-constrained parents use the labor income from their first-born child to fund the schooling of later-born children. In the presence of such intra-sibling effects, child labor laws which decrease work opportunities for children may backfire, increasing child labor and reducing human capital in the long run.

scholarly journals Panel Econometric Analysis on Mobile Payment Transactions and Traditional Banks Effort toward Financial Accessibility in Sub-Sahara Africa

2020 ◽  
Vol 12 (3) ◽  
pp. 895 ◽  
Author(s):  
Cephas Paa Kwasi Coffie ◽  
Hongjiang Zhao ◽  
Isaac Adjei Mensah
Keyword(s):  
Time Series Data ◽  
Unit Root Test ◽  
Panel Cointegration ◽  
Ordinary Least Squares ◽  
Sustainable Growth ◽  
Series Data ◽  
Mobile Payment ◽  
Cross Sectional ◽  
Mobile Payments ◽  
Long Run

The financial landscape of sub-Sahara Africa is undergoing major changes due to the advent of FinTech, which has seen mobile payments boom in the region. This paper examines the salient role of mobile payments in traditional banks’ drive toward financial accessibility in sub-Sahara Africa by using panel econometric approaches that consider the issues of independencies among cross-sectional residuals. Using data from the World Development Index (WDI) 2011–2017 on 11 countries in the region, empirical results from cross-sectional dependence (CD) tests, panel unit root test, panel cointegration test, and the fully modified ordinary least squares (FMOLS) approach indicates that (i) the panel time series data are cross-sectionally independent, (ii) the variables have the same order of integration and are cointegrated, and (iii) growth in mobile payment transactions had a significant positive relationship with formal account ownership, the number of ATMs, and number of new bank branches in the long-run. The paper therefore confirms that the institutional structure of traditional banks that makes them competitive, irrespective of emerging disruptive technologies, has stimulated overall financial accessibility in the region leading to overall sustainable growth in the financial sector. We conclude the paper with feasible policy suggestions.

scholarly journals Concerns Related to the COVID-19 in Adult Norwegians during the First Outbreak in 2020: A Qualitative Approach

2021 ◽  
Vol 18 (8) ◽  
pp. 4312
Author(s):  
Laila Skogstad ◽  
Inger Schou-Bredal ◽  
Tore Bonsaksen ◽  
Trond Heir ◽  
Øivind Ekeberg ◽  
...  
Keyword(s):  
Qualitative Analysis ◽  
Educational Level ◽  
Qualitative Approach ◽  
Cross Sectional ◽  
Response Options ◽  
Serious Illness ◽  
Additional Information ◽  
Qualitative Thematic Analysis ◽  
Norwegian Population ◽  
Shed Light

Concerns related to the first outbreak of the COVID-19 pandemic in the Norwegian population are studied in a cross-sectional web-survey conducted between 8 April and 20 May 2020. The qualitative thematic analysis of the open-ended question “Do you have other concerns related to the pandemic?”, followed a six-step process. Concerns from 1491 informants were analyzed, 34% of women and 30% of men (p = 0.05) provided concerns. Respondents with higher educational level reported concerns more often (86% vs. 83%, p = 0.022). The qualitative analysis revealed five themes—society, health, social activities, personal economy and duration—and 13 sub-themes, mostly related to the themes “society” and “health” (724 and 704, respectively). Empathy for others was prominent, for society (nationally and globally), but also concerns related to infecting others and family members at risk for developing serious illness if infected. The responses to the open-ended question yielded additional information, beyond the information obtained from questions with pre-categorized response options, especially related to concerns about society and health. Themes arising from the qualitative analysis shed light on what are important concerns for people during the pandemic and this may serve as targeted measures for the authorities.

A Dynamic Analysis of Child Labor with a Variable Rate of Discount: Some Policy Implications

2006 ◽  
Vol 5 (1) ◽  
Author(s):  
Satya P Das ◽  
Rajat Deb
Keyword(s):  
Discount Rate ◽  
Child Labor ◽  
Time Preference ◽  
Infinite Horizon ◽  
Policy Implications ◽  
Poverty Trap ◽  
Variable Rate ◽  
Lump Sum ◽  
Long Run ◽  
Short Run

AbstractThis paper analyzes the problem of child labor in an infinite-horizon dynamic model with a variable rate of time preference and credit constraints. The variability in the rate of time preference leads to the possibility of multiple steady states and a poverty trap. The paper considers the long-run and short-run effects of an array of policies like enrollment subsidy, improvement in primary education infrastructure, lump-sum subsidy, and variations in loan market parameters. We distinguish between policies that reduce child labor in the long run only in the presence of a variable discount rate and other policies which work whether or not the discount rate is variable. Credit-related policies belong to the former group. Policies that reduce child labor and increase family consumption in the long run may have an adverse effect of lowering consumption in the short run.

What Goes Up Might Not Come Down: Modeling Directional Asymmetry with Large-N, Large-T Data

2021 ◽  
pp. 008117502110463
Author(s):  
Ryan P. Thombs ◽  
Xiaorui Huang ◽  
Jared Berry Fitzgerald
Keyword(s):  
Fixed Effects ◽  
Directional Asymmetry ◽  
Cross Sectional ◽  
Monte Carlo Experiments ◽  
Long Run ◽  
Large N ◽  
Fixed Effects Estimator ◽  
Cross Sectional Dependence ◽  
Using Data ◽  
Heterogeneous Panel

Modeling asymmetric relationships is an emerging subject of interest among sociologists. York and Light advanced a method to estimate asymmetric models with panel data, which was further developed by Allison. However, little attention has been given to the large- N, large- T case, wherein autoregression, slope heterogeneity, and cross-sectional dependence are important issues to consider. The authors fill this gap by conducting Monte Carlo experiments comparing the bias and power of the fixed-effects estimator to a set of heterogeneous panel estimators. The authors find that dynamic misspecification can produce substantial biases in the coefficients. Furthermore, even when the dynamics are correctly specified, the fixed-effects estimator will produce inconsistent and unstable estimates of the long-run effects in the presence of slope heterogeneity. The authors demonstrate these findings by testing for directional asymmetry in the economic development–CO2 emissions relationship, a key question in macro sociology, using data for 66 countries from 1971 to 2015. The authors conclude with a set of methodological recommendations on modeling directional asymmetry.

How Does Innovation Affect Economic Growth? Evidence from G20 Countries

2021 ◽  
pp. 001946622110635
Author(s):  
Ajoy K Sarangi ◽  
Rudra P. Pradhan ◽  
Tamal Nath ◽  
Rana P. Maradana ◽  
Hiranmoy Roy
Keyword(s):  
Economic Growth ◽  
Causal Relationships ◽  
Jel Codes ◽  
The Real ◽  
Real Effects ◽  
Long Run ◽  
Short Run ◽  
Shed Light

We study the interactions between innovation and economic growth in G20 countries over 1961–2019. We establish whether there is a temporal causality between these two variables. Employing the autoregressive distributive lag framework, our results expose a grid of short-run and long-run causal relationships between innovation and growth, including long-run unidirectional causality from innovation to economic growth. Overall, our findings shed light on the real effects of innovation on economic growth. JEL Codes: O38, O31, O32

scholarly journals Gender stereotypes in occupational choice: a cross-sectional study on a group of Italian adolescents [Erratum]

2017 ◽  
Vol Volume 10 ◽  
pp. 155-156
Author(s):  
Tiziana Ramaci ◽  
Monica Pellerone ◽  
Caterina Ledda ◽  
Giovambattista Presti ◽  
Valeria Squatrito ◽  
...  
Keyword(s):  
Gender Stereotypes ◽  
Occupational Choice ◽  
Cross Sectional Study ◽  
Sectional Study ◽  
Cross Sectional ◽  
Italian Adolescents

Tariff barriers and industrial spillover effects

2018 ◽  
Vol 22 (3) ◽  
pp. 228-246 ◽  
Author(s):  
Jong Woo Kang ◽  
Suzette Dagli
Keyword(s):  
Negative Impact ◽  
Spillover Effects ◽  
Comparative Statics ◽  
Equilibrium Analysis ◽  
Economic Losses ◽  
Substitution Effects ◽  
Content Type ◽  
Indirect Impact ◽  
Backward Linkages ◽  
Linkage Effects

Purpose The purpose of this paper is to demonstrate that higher tariffs under protectionism will have significant indirect impact through industrial forward and backward linkages, causing greater economic losses to tariff-imposing economies than to exporting countries. Design/methodology/approach The authors use partial equilibrium analysis based on unique multi-regional input-output (IO) data in measuring the second-round spillover effects of higher tariffs, also investigating the scenario of plausible substitutability across import sources as well as sectors based on historical import intensity data. Findings Higher tariffs do not only have a direct impact, but also a significant indirect impact—through forward and backward linkages. Indirect effects can be extensive across economies and sectors—both in forward and backward linkages such as in transport—when value chains are longer and more complex. When possible substitution effects between different import sources and sectors are considered, negative forward linkage effects can be smaller, while negative backward linkage effects become more pronounced. Nevertheless, both negative effects are still found to be much bigger in indirect impacts compared with direct impacts. Research limitations/implications This implies that higher tariffs, including administrative trade measures such as anti-dumping duties and countervailing duties could ironically entail rather greater negative impact on the tariff-imposing importing economies by damaging their exports of domestic sectors using the targeted imports as intermediate inputs, which could be severe if the importing sector has a long value chain in particular through deep forward linkages. Originality/value This paper uses unique multi-regional IO data covering 45 economies’ 35 sectors in analyzing the second-round spillover effects across countries and sectors and employs comparative statics under different scenarios.

scholarly journals Does Globalization Moderate the Effect of Economic Complexity on CO2 Emissions? Evidence From the Top 10 Energy Transition Economies

2021 ◽  
Vol 9 ◽  
Author(s):  
Kai He ◽  
Muhammad Ramzan ◽  
Abraham Ayobamiji Awosusi ◽  
Zahoor Ahmed ◽  
Mahmood Ahmad ◽  
...  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Transition Economies ◽  
Carbon Emissions ◽  
Environmental Sustainability ◽  
Energy Transition ◽  
Cross Sectional ◽  
Economic Complexity ◽  
Long Run ◽  
The Government

The association between economic complexity (sophisticated economic structure) and carbon emissions has major implications for environmental sustainability. In addition, globalization can be an important tool for attaining environmental sustainability and it may also moderate the association between economic complexity and carbon emissions. Thus, this research examines the effects of economic complexity, economic growth, renewable energy, and globalization on CO2 emissions in the top 10 energy transition economies where renewable energy and globalization have greatly increased over the last 3 decades. Furthermore, this study also evaluates the joint effect of globalization and economic complexity on carbon emissions. Keeping in view the presence of slope heterogeneity and cross-sectional dependence in the data, this research utilized second-generation unit root tests (CIPS and CADF), Westerlund cointegration approach, and CS-ARDL and CCEMG long-run estimators over the period of 1990–2018. The results affirmed the presence of cointegration among the considered variable. Long-run findings revealed that globalization, renewable energy, and economic complexity decrease carbon emissions. Conversely, economic growth increases carbon emissions. Moreover, the joint impact of economic complexity and globalization stimulates environmental sustainability. Based on these findings, the government of these groups of economies should continue to expand the usage of renewable energy. They should also promote interaction with the rest of the world by adopting the policy of opening up.

Economic globalization and energy consumption patterns in Organisation for Economic Co-operation and Development economies

2021 ◽  
pp. 0958305X2110425
Author(s):  
Hemachandra Padhan ◽  
Santosh Kumar Sahu ◽  
Umakant Dash
Keyword(s):  
Energy Consumption ◽  
Economic Globalization ◽  
Consumption Patterns ◽  
Coal Consumption ◽  
Cross Sectional ◽  
Important Indicator ◽  
Distributed Lag ◽  
Long Run ◽  
Energy Consumption Patterns ◽  
The Impact

This study examines the impact of economic globalization on the patterns of energy consumption for 24 Organisation for Economic Co-operation and Development (OECD) economies from 1995 to 2015. We employ Westerlund cointegration, which shows a long-run association between economic globalization and energy consumption patterns. Furthermore, cross-sectional autoregressive distributed lag models (CS-ARDL) results explain the short-run and long-run relationship between the series. The results further explain that economic globalization reduces oil and coal consumption while accelerating gas consumption in OECD economies. We additionally employ the Eberhardt augmented mean group test to verify consistency with CS-ARDL results. The empirical evidence of this study suggests that OECD economies’ policymakers should prioritize economic globalization in framing policies related to energy consumption. Furthermore, allocating funds for better technology related to high polluting fuels should be one of the crucial considerations arising from this study. Finally, we recommend economic globalization as an important indicator to address the issues related to OECD economics’ environmental and ecological footprints.

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