Financial Intermediation, Resource Allocation, and Macroeconomic Interdependence

Mobilization of domestic saving for economic development may be attempted by alternative methods, namely, through taxation and public revenue surplus, through higher incentives to savers and financial intermediation, and through income redistribution in favour of sectors which are provided high incentives to save and invest. In view of the lack of an active financial sector, fiscal weaknesses and other market imperfections, Pakistan primarily depended on the last strategy to mobilize domestic saving. This paper elucidates the mechanics of this strategy and some of its effects on sectoral resource transfer, aggregate savings, financial intermediation and resource allocation.

Download Full-text

Folk-economic beliefs as moral intuitions

Behavioral and Brain Sciences ◽

10.1017/s0140525x18000456 ◽

2018 ◽

Vol 41 ◽

Author(s):

Neil Malhotra

Keyword(s):

Resource Allocation ◽

Moral Intuitions ◽

Economic Beliefs ◽

Evolutionary Explanations

AbstractAlthough Boyer & Petersen's (B&P's) cataloguing of and evolutionary explanations for folk-economic beliefs is important and valuable, the authors fail to connect their theories to existing explanations for why people do not think like economists. For instance, people often have moral intuitions akin to principles of fairness and justice that conflict with utilitarian approaches to resource allocation.

Download Full-text

Mother or Wife?

Social Psychology ◽

10.1027/1864-9335/a000124 ◽

2012 ◽

Vol 43 (4) ◽

pp. 232-242 ◽

Cited By ~ 19

Author(s):

Phia S. Salter ◽

Glenn Adams

Keyword(s):

United States ◽

Resource Allocation ◽

Cultural Psychology ◽

The United States ◽

Personal Relationship ◽

Three Dimensions ◽

Church Membership ◽

Cultural Dynamics ◽

Psychology Perspective ◽

Cultural Ecological

Inspired by “Mother or Wife” African dilemma tales, the present research utilizes a cultural psychology perspective to explore the dynamic, mutual constitution of personal relationship tendencies and cultural-ecological affordances for neoliberal subjectivity and abstracted independence. We administered a resource allocation task in Ghana and the United States to assess the prioritization of conjugal/nuclear relationships over consanguine/kin relationships along three dimensions of sociocultural variation: nation (American and Ghanaian), residence (urban and rural), and church membership (Pentecostal Charismatic and Traditional Western Mission). Results show that tendencies to prioritize nuclear over kin relationships – especially spouses over parents – were greater among participants in the first compared to the second of each pair. Discussion considers issues for a cultural psychology of cultural dynamics.

Download Full-text

Application of Information Introduced to Dynamic Message Processing and Enjoyment

Journal of Media Psychology Theories Methods and Applications ◽

10.1027/1864-1105/a000195 ◽

2018 ◽

Vol 30 (4) ◽

pp. 196-206 ◽

Cited By ~ 4

Author(s):

Byungho Park ◽

Rachel L. Bailey

Keyword(s):

Resource Allocation ◽

Recognition Memory ◽

Emotional Processing ◽

Orienting Response ◽

Structural Features ◽

Cognitive Resources ◽

Coding System ◽

Message Complexity ◽

Cognitive Resource ◽

Cognitive Overload

Abstract. In an effort to quantify message complexity in such a way that predictions regarding the moment-to-moment cognitive and emotional processing of viewers would be made, Lang and her colleagues devised the coding system information introduced (or ii). This coding system quantifies the number of structural features that are known to consume cognitive resources and considers it in combination with the number of camera changes (cc) in the video, which supply additional cognitive resources owing to their elicitation of an orienting response. This study further validates ii using psychophysiological responses that index cognitive resource allocation and recognition memory. We also pose two novel hypotheses regarding the confluence of controlled and automatic processing and the effect of cognitive overload on enjoyment of messages. Thirty television advertisements were selected from a pool of 172 (all 20 s in length) based on their ii/cc ratio and ratings for their arousing content. Heart rate change over time showed significant deceleration (indicative of increased cognitive resource allocation) for messages with greater ii/cc ratios. Further, recognition memory worsened as ii/cc increased. It was also found that message complexity increases both automatic and controlled allocations to processing, and that the most complex messages may have created a state of cognitive overload, which was received as enjoyable by the participants in this television context.

Download Full-text