scholarly journals Unemployment Hysteresis Revisited: The Case of Turkey

2019 ◽  
Author(s):  
Ufuk Can ◽  
Zeynep Gizem Can ◽  
Harun Bal
Keyword(s):  
Unemployment Rate ◽  
Fractional Integration ◽  
Set Covering ◽  
Structural Factors ◽  
Natural Rate ◽  
Data Set ◽  
Natural Rate Of Unemployment ◽  
The Stability ◽  
Almost All ◽  
The Impact

This study aims to investigate the stability of unemployment rate in Turkey with the data set covering approximately a century and starting from 1923. The stability of the unemployment rate is examined the unit root tests, the variance ratio tests and the fractional integration models by following the studies in the literature. Almost all tests and models indicate that the unemployment rate series is not stationary. These findings show that the shocks in the economy and the stabilization policies implemented bring about permanent changes in the natural rate of unemployment. While the unemployment hysteresis leads to increasing costs in reducing inflation, it also reveals the necessity of structural reforms to reduce increased unemployment as a result of inflation control or changes in structural factors. In order to eliminate the impact of this hysteresis on economy, it is necessary to give weight to the expansionary monetary and fiscal policies, which in the short term may be costly, but this impact can be eliminated in the long term.

scholarly journals Effects of the pandemic on the natural rate of unemployment in Russia

2021 ◽  
Vol 75 (2) ◽  
pp. 68-75
Author(s):  
O.V. Shataeva ◽  
N.E. Korshunova ◽  
Y.M. Melikhova
Keyword(s):  
Unemployment Rate ◽  
Natural Rate ◽  
Natural Rate Of Unemployment ◽  
The Impact

The article examines unemployment and the impact on the unemployment rate of coronavirus and quarantine restrictions, as well as ways to maintain the unemployment rate no higher than "natural." As well as the peculiarities of employment and unemployment in Russia in 2020-2021. and the following measures to reduce it.

Income and healthcare financing system in the United States: an asymmetric analysis

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mehdi Barati ◽  
Hadiseh Fariditavana
Keyword(s):  
The United States ◽  
Set Covering ◽  
Healthcare Financing ◽  
Financing System ◽  
Data Set ◽  
Content Type ◽  
Funding Sources ◽  
Distributed Lag ◽  
The Impact ◽  
The Relationship

PurposeThe purpose of this study is to first assess how the US healthcare financing system is influenced by income variation. Then, it examines whether or not the impact of income variation is asymmetric.Design/methodology/approachFor the analyses of this paper, the autoregressive distributed lag (ARDL) model is implemented to a data set covering the period from 1960 to 2018.FindingsThe results provide evidence that major funding sources of aggregate healthcare expenditure (HCE) respond differently to changes in income. The results also imply that the effect of income is not always symmetric.Originality/valueMany studies have attempted to identify the relationship between income and HCE. A common feature of past studies is that they have only focused on aggregate HCE, while one might be interested in knowing how major funders of aggregate HCE would be affected by changes in income. Another common feature of past studies is that they have assumed that the relationship between income and HCE is symmetric.

scholarly journals Political Party Mortality in Established Party Systems: A Hierarchical Competing Risks Approach

2018 ◽  
Vol 52 (1) ◽  
pp. 36-68 ◽  
Author(s):  
Nicole Bolleyer ◽  
Patricia Correa ◽  
Gabriel Katz
Keyword(s):  
Competing Risks ◽  
Party Systems ◽  
Life Cycles ◽  
Set Covering ◽  
Data Set ◽  
Systemic Level ◽  
Country Characteristics ◽  
Organizational Mortality ◽  
The Impact ◽  
New Framework

Existing scholarship offers few answers to fundamental questions about the mortality of political parties in established party systems. Linking party research to the organization literature, we conceptualize two types of party death, dissolution and merger, reflecting distinct theoretical rationales. They underpin a new framework on party organizational mortality theorizing three sets of factors: those shaping mortality generally and those shaping dissolution or merger death exclusively. We test this framework on a new data set covering the complete life cycles of 184 parties that entered 21 consolidated party systems over the last five decades, resorting to multilevel competing risks models to estimate the impact of party and country characteristics on the hazards of both types of death. Our findings not only show that dissolution and merger death are driven by distinct factors, but also that they represent separate logics not intrinsically related at either the party or systemic level.

scholarly journals Output Growth Volatility and Remittances: The Case of ECOWAS

2018 ◽  
Vol 6 (2) ◽  
pp. 23
Author(s):  
Deekor Leelee Nwibari ◽  
Gbanador Clever A.
Keyword(s):  
Generalized Method Of Moments ◽  
Well Being ◽  
Output Growth ◽  
Set Covering ◽  
Annual Data ◽  
Output Volatility ◽  
Data Set ◽  
Left Behind ◽  
The Impact ◽  
Growth Volatility

The study on output growth volatility and remittances: the case of ECOWAS is to determine the impact of remittances on output growth volatility. To achieve this, the study adopts the theory of altruism which posits that the migrant derives a positive utility from the well-being of the family left behind. A panel annual data set covering 15 remittances recipient ECOWAS member nations for the period ranging from 1995 to 2015 were utilized. The study utilizes a panel system Generalized Method of Moments (GMM) technique and both the static and dynamic panel estimation approaches to examine the impact of remittances on growth volatility. Results show that remittances appear to be inducing output volatility in ECOWAS member countries. As a result, the study suggests among others, the encouragement of policies that will foster increasing influx of remittances to the region by the concern authorities in order to stabilize volatility of any form in the region.

Can BRICS and ASEAN-5 emerging economies benefit from bank diversification?

2019 ◽  
Vol 27 (1) ◽  
pp. 43-69 ◽  
Author(s):  
Syed Moudud-Ul-Huq
Keyword(s):  
Risk Taking ◽  
Generalized Method Of Moments ◽  
The Other ◽  
Set Covering ◽  
Diversification Strategy ◽  
Data Set ◽  
Content Type ◽  
Diversification Benefit ◽  
The Impact ◽  
The Relationship

Purpose This paper aims to empirically investigate the impact of bank diversification on performance and risk-taking behavior. The analysis uses an unbalanced panel data set covering the period between 2007 and 2015 for a total of 1,397 banks from ASEAN-5 and BRICS economies. Design/methodology/approach Dynamic panel generalized method of moments (GMM) has been used primarily to examine the relationship between bank diversification on performance and risk-taking and later, validate the core results by incorporating two-stage least squares (2SLS). Findings Similar to the results of previous studies based on the developed economy, this study also confirms the hypothesis of the portfolio diversification. The key robust result is that the benefits from revenue and assets diversification are heterogeneous and the BRICS banks achieve higher benefit from using both diversification strategies. On the other hand, ASEAN-5 banks fail to show the significant advantage from assets diversification. Among the diverse sources of income, interest is not a major determinant of efficiency and bank’s stability, while ASEAN-5 banks should foster commission and others income as mechanisms for diversification benefit in the region. Originality/value A few studies are available in the current literature which examines the impact of revenue and assets diversification on either bank performance or risk-taking in the developed economy’s context. However, very few studies are found that examine the relationship between bank diversification, performance and risk-taking together. Moreover, to the best of the author’s knowledge, there is a dearth of literature on this topic that built on the comparative analysis between two regions, i.e. ASEAN-5 and BRICS. As a result, the empirical results of this research provide useful information to the stakeholders so that they can enhance bank diversification strategy and implement them successfully by considering the other factors.

Reconceptualizing Church and State: A Theoretical and Empirical Analysis of the Impact of Separation of Religion and State on Democracy

2011 ◽  
Vol 4 (2) ◽  
pp. 229-263 ◽  
Author(s):  
Robert Brathwaite ◽  
Andrew Bramsen
Keyword(s):  
Principal Component Analysis ◽  
Empirical Analysis ◽  
Church And State ◽  
Principal Component ◽  
Set Covering ◽  
Data Set ◽  
Religion And State ◽  
The Impact ◽  
The Relationship ◽  
State Separation

AbstractThis article argues that the relationship between democracy and the separation of religion and state needs to be reexamined. We argue that previous studies have misconceptualized the impact that a lack of church-state separation can have on democracy, or have taken a narrow focus by concentrating on specific cases. We use principal component analysis and a large-ndata set covering 125 countries to show that the separation of religion and state should be conceptualized multi-dimensionally and that it should be considered a component of democracy. Our findings show that as separation of religion and state increases, the level of democracy also increases.

scholarly journals Has mobile phone technology aided the growth of agricultural productivity in sub-Saharan Africa?

2021 ◽  
Vol 24 (1) ◽  
Author(s):  
Omotomiwa Adenubi ◽  
Omphile Temoso ◽  
Isiaka Abdulaleem
Keyword(s):  
Panel Data ◽  
Mobile Phone ◽  
Agricultural Productivity ◽  
Sub Saharan Africa ◽  
Set Covering ◽  
Data Set ◽  
Mobile Phone Technology ◽  
Tfp Growth ◽  
Sub Saharan ◽  
The Impact

Background: A recent increase in the adoption of mobile phone technology generated a great deal of interest and optimism regarding its effect on economic development in sub-Saharan Africa (SSA), particularly on the enhancement of agricultural development.Aim: In this study the impact of mobile phone technology on agricultural productivity in SSA is examined.Setting: The empirical assessment uses a panel data set covering 41 countries over a period of 25 years.Methods: We employed an econometric approach and panel data covering 41 countries and a 25 year-period (1990–2014) to investigate the effect of the adoption of mobile phone technology and other socio-economic variables on agricultural total factor productivity (TFP). The use of regression analyses allowed us to estimate and measure the contribution of certain variables to agricultural TFP growth in SSA.Results: The results show that the uptake of mobile phone technology had a positive effect on agricultural TFP growth in SSA.Conclusion: Mobile phone technology has been established to be one of the drivers of agricultural productivity in SSA.Implication: The implications of this study are that governments, NGOs, and businesses working on improving agricultural productivity and food security in SSA need to continue endorsing mobile technology as a means to improve agricultural productivity.

Voting in Open Economies

2007 ◽  
Vol 40 (3) ◽  
pp. 283-306 ◽  
Author(s):  
Timothy Hellwig ◽  
David Samuels
Keyword(s):  
Market Integration ◽  
Open Economies ◽  
Global Market ◽  
Policy Implications ◽  
Set Covering ◽  
Policy Outcomes ◽  
Data Set ◽  
Electoral Accountability ◽  
Scant Attention ◽  
The Impact

What are the electoral consequences of global market integration? Although recent discussions of politics and markets have much to say on globalization’s implications for policy outcomes, the impact of market integration on representative democracy has received scant attention. This article addresses this omission. We extend the globalization literature to develop two competing hypotheses regarding the influence of open economies on electoral accountability. Predictions are tested using a new data set covering elections from 75 countries over 27 years. Results support a government constraint hypothesis: Exposure to the world economy weakens connections between economic performance and support for political incumbents. By redirecting concerns from the policy implications of globalization and toward its electoral consequences, findings highlight the influence of voter perceptions and of vote-seeking politicians in the politics of globalization.

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