scholarly journals Financial and Labour Obstacles and Firm Employment: Evidence from Europe and Central Asia Firms

2021 ◽  
Vol 13 (15) ◽  
pp. 8650
Author(s):  
Anh Tuan Bui ◽  
Thu Phuong Pham

This paper examines how obstacles in access to finance, labour regulations, and employment quality affect employment growth and the permanent worker ratio at the firm level. Using firm-level data of 11,691 firms in 33 low-income and middle-income countries in Europe and Central Asia, where unemployment rates are the highest worldwide, this paper demonstrates that access to finance and employment quality obstacles hinder employment growth. The paper also shows that the greater the obstacles in access to finance and labour regulations, the lower the permanent worker ratio. The findings are robust when applying a two-stage least-squares method to address endogeneity issues. Furthermore, quantile regression analysis shows that access to finance obstacles impede the lowest-growth firms the most and the highest-growth firms the least. Our results indicate that significant financial and regulatory reforms are needed to spur sustainable employment growth.

2021 ◽  
Author(s):  
Adisu Fanta Bate ◽  
Esther Wanjiru Wachira ◽  
Danka Sándor

Abstract Purpose: - Despite the dearth of research on innovation performance, the key determinants of innovation performance are still blurred. Besides, comparative research on the determinants of innovation performance among countries at different income levels: high-income, upper-middle-income, lower-middle-income, and low-income, is not common. This study is, therefore, aimed to bridge this research gap by considering the innovation performance of 63 countries. Methodology: - Participating countries were purposefully selected from the Global Innovation Index (GII) dataset. Multistage analyses were conducted: first, a linear regression was run to identify the most decisive pillars; then, stepwise regression was applied to identify the best predicting model of innovation performance; thirdly, to examine the variation in innovation performance and figure out key determinants in each country groups, the ANOVA analysis was done.Results: - Human capital and research, infrastructure, and business sophistication are the key pillars determining innovation performance in general. The best predicting variables are innovation linkage & knowledge absorption (both pertaining to business sophistication), R&D and infrastructure (inculcating both physical and digital). The human capital that promotes R&D activities is the biggest bottleneck hampering promotion of innovation in the countries and firms at lower-middle income category, whereas innovation linkage in a high-income category and both human capital that promotes R&D activities and innovation linkage in an upper-middle income category. Hence, countries and firms in these income categories should give priorities accordingly to these decisive bottlenecks hindering the innovation performance.Implication: - The result implies that country's economic growth can be defined by the level of innovation performance and the challenges of innovation vary as per the countries’ development stage. Accordingly, bottleneck factors need to be identified & addressed properly in a policy direction first at firm level and then at country level.Originality/Value: - The study claims to have extended the horizon of understanding on determinants of innovation across countries and revealed the most crucial factors in each category of countries. Further empirical comparative research can be done by stratifying firms as SMEs and Large firms in each category of countries.


2017 ◽  
Vol 12 (2) ◽  
pp. 112-124
Author(s):  
Halil Dincer Kaya

Abstract In this study, we examine the impact of the 2008 Global Crisis on “access to finance” in high-income OECD, high-income non-OECD, middle-income, and low-income countries. We use three measures of access to finance. These are “Number of bank branches per 100,000 adults”, “Value traded of top 10 traded companies to total value traded (%)”, and “Market capitalization outside of top 10 largest companies to total market capitalization (%)”. During the run-up to the crisis and immediately after the crisis, we do not find any significant change in any of the three “access to finance” measures. We find that, during the crisis, only middle-income countries were affected significantly. These countries were affected in only one of the measures which is “Value traded of top 10 traded companies to total value traded (%)”. This measure went up and this change is marginally significant. We conclude that the global crisis only affected “access to finance” in middle-income countries.


BMJ Open ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. e041599 ◽  
Author(s):  
Mary McCauley ◽  
Joanna Raven ◽  
Nynke van den Broek

ObjectiveTo assess the experience and impact of medical volunteers who facilitated training workshops for healthcare providers in maternal and newborn emergency care in 13 countries.SettingsBangladesh, Ghana, India, Kenya, Malawi, Namibia, Nigeria, Pakistan, Sierra Leone, South Africa, Tanzania, UK and Zimbabwe.ParticipantsMedical volunteers from the UK (n=162) and from low-income and middle-income countries (LMIC) (n=138).Outcome measuresExpectations, experience, views, personal and professional impact of the experience of volunteering on medical volunteers based in the UK and in LMIC.ResultsUK-based medical volunteers (n=38) were interviewed using focus group discussions (n=12) and key informant interviews (n=26). 262 volunteers (UK-based n=124 (47.3%), and LMIC-based n=138 (52.7%)) responded to the online survey (62% response rate), covering 506 volunteering episodes. UK-based medical volunteers were motivated by altruism, and perceived volunteering as a valuable opportunity to develop their skills in leadership, teaching and communication, skills reported to be transferable to their home workplace. Medical volunteers based in the UK and in LMIC (n=244) reported increased confidence (98%, n=239); improved teamwork (95%, n=232); strengthened leadership skills (90%, n=220); and reported that volunteering had a positive impact for the host country (96%, n=234) and healthcare providers trained (99%, n=241); formed sustainable partnerships (97%, n=237); promoted multidisciplinary team working (98%, n=239); and was a good use of resources (98%, n=239). Medical volunteers based in LMIC reported higher satisfaction scores than those from the UK with regards to impact on personal and professional development.ConclusionHealthcare providers from the UK and LMIC are highly motivated to volunteer to increase local healthcare providers’ knowledge and skills in low-resource settings. Further research is necessary to understand the experiences of local partners and communities regarding how the impact of international medical volunteering can be mutually beneficial and sustainable with measurable outcomes.


Nutrients ◽  
2021 ◽  
Vol 13 (8) ◽  
pp. 2530
Author(s):  
Navika Gangrade ◽  
Janet Figueroa ◽  
Tashara M. Leak

Snacking contributes a significant portion of adolescents’ daily energy intake and is associated with poor overall diet and increased body mass index. Adolescents from low socioeconomic status (SES) households have poorer snacking behaviors than their higher-SES counterparts. However, it is unclear if the types of food/beverages and nutrients consumed during snacking differ by SES among adolescents. Therefore, this study examines SES disparities in the aforementioned snacking characteristics by analyzing the data of 7132 adolescents (12–19 years) from the National Health and Nutrition Examination Survey 2005–2018. Results reveal that adolescents from low-income households (poverty-to-income ratio (PIR) ≤ 1.3) have lower odds of consuming the food/beverage categories “Milk and Dairy” (aOR: 0.74; 95% CI: 0.58-0.95; p = 0.007) and “Fruits” (aOR: 0.62, 95% CI: 0.50–0.78; p = 0.001) as snacks and higher odds of consuming “Beverages” (aOR: 1.45; 95% CI: 1.19-1.76; p = 0.001) compared to those from high-income households (PIR > 3.5). Additionally, adolescents from low- and middle-income (PIR > 1.3–3.5) households consume more added sugar (7.98 and 7.78 g vs. 6.66 g; p = 0.012, p = 0.026) and less fiber (0.78 and 0.77 g vs. 0.84 g; p = 0.044, p = 0.019) from snacks compared to their high-income counterparts. Future research is necessary to understand factors that influence snacking among adolescents, and interventions are needed, especially for adolescents from low-SES communities.


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