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Full-Text Articles in Economics

How Social Structure Shapes Female Competition Throughout Her Lifetime, Jeffrey Flory, Kenneth L. Leonard, Magda Tsaneva, Kathryn Vasilaky Dec 2023

How Social Structure Shapes Female Competition Throughout Her Lifetime, Jeffrey Flory, Kenneth L. Leonard, Magda Tsaneva, Kathryn Vasilaky

Economics

Many studies find a consistent gender gap in competitiveness where men are more likely to compete than women given the same level of ability. Using data from experiments with women ages 12 through 90 in matrilocal and patrilocal communities in rural Malawi, we show that this gender gap does not exist uniformly for all women nor across their whole lifetime. We first replicate three main findings from the gender and competition literature: (i) women are less likely to compete on average; and the gender gap differs by (ii) culture and by (iii) age. In a new finding, we show that …

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Are Bond Returns Predictable With Real-Time Macro Data?, Dashan Huang, Fuwei Jiang, Kunpeng Li, Guoshi Tong, Guofu Zhou Dec 2023

Are Bond Returns Predictable With Real-Time Macro Data?, Dashan Huang, Fuwei Jiang, Kunpeng Li, Guoshi Tong, Guofu Zhou

Research Collection Lee Kong Chian School Of Business

We investigate the predictability of bond returns using real-time macro variables and consider the possibility of a nonlinear predictive relationship and the presence of weak factors. To address these issues, we propose a scaled sufficient forecasting (sSUFF) method and analyze its asymptotic properties. Using both the existing and the new method, we find empirically that real-time macro variables have significant forecasting power both in-sample and out-of-sample. Moreover, they generate sizable economic values, and their predictability is not spanned by the yield curve. We also observe that the forecasted bond returns are countercyclical, and the magnitude of predictability is stronger during …

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How Commonality Persists? (Through Investors' Sentiment And Attention), Chyng Wen Tee, Raja Velu, Zhaoque Zhou Dec 2023

How Commonality Persists? (Through Investors' Sentiment And Attention), Chyng Wen Tee, Raja Velu, Zhaoque Zhou

Research Collection Lee Kong Chian School Of Business

Studies on commonality generally attribute the variation in asset returns to the variation in order flows. In this research study, we show that order flows do not predict asset returns, rather their relationship have been static over time. Thus we model both returns and the order flows as endogenous variables, and use investors' sentiment and attention as exogenous factors via a reduced-rank regression. We provide empirical evidence to demonstrate that cross-sectional commonality in attention (sentiment) is linearly (nonlinearly) associated with both returns and order flows at the intraday level, while the sentiment and attention measures themselvesexhibit a nonlinear mutual relationship, …

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In Search Of Cryptocurrency Failure, Donglian Ma, Jun Tu, Zhaobo Zhu Dec 2023

In Search Of Cryptocurrency Failure, Donglian Ma, Jun Tu, Zhaobo Zhu

Research Collection Lee Kong Chian School Of Business

This paper explores the determinants of cryptocurrency failure and the pricing of crypto failure risk. We document different significant market- and characteristic-based predictors for coin and token failures. The introduction of Bitcoin futures and the outbreak of COVID19 affect the importance of many predictors. Investors require extra return for bearing high failure risk of crypto assets. The return difference across high and low failure risk crypto assets is not explained by the market, size and momentum factors in the cryptocurrency market. Finally, investors benefit from diversifying into high failure risk crypto assets that is little correlated with the stock market.

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Gender Divergence In Premarket Skill Acquisition And Wage Inequality, Sunha Myong Dec 2023

Gender Divergence In Premarket Skill Acquisition And Wage Inequality, Sunha Myong

Research Collection School Of Economics

I study the changes in premarket skills and the evolution of the wage distribution across two cohorts using the NLSY79 and NLSY97. To estimate the relative importance of changes in premarket skills and changes in skill prices in explaining the evolution of the wage distribution, I apply the DiNardo, Fortin, and Lemieux decomposition method (DiNardo et al. 1996). I find a substantial gender divergence in premarket skill acquisition and wage gain across the two cohorts. Women's wage gain associated with changes in premarket skills is greater than that of men's at all levels of the wage distribution. Changes in premarket …

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Do Price Controlled Basic Food Items Affect Inflation In Fiji?, Joel Abraham, Akeneta Vonoyauyau, Seema W. Narayan Prof. Nov 2023

Do Price Controlled Basic Food Items Affect Inflation In Fiji?, Joel Abraham, Akeneta Vonoyauyau, Seema W. Narayan Prof.

Bulletin of Monetary Economics and Banking

This note examines the effects of price-controlled perishable food items on inflation in Fiji. We study year-on-year changes in headline inflation and disaggregate measures of inflation in the form of food and non-alcoholic beverages and vegetables against three perishable food items used daily by Fijian households, namely, potatoes, onion, and garlic over the period 2019:01-2022:08. We also follow Narayan et al (2023), allowing for the lags and leads framework in examining Fiji’s inflation. Our results show that the leads and lags model explain 22%, 27% and 65% of headline, food and non-alcoholic beverages and vegetables inflation rates, respectively, over the …

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Predictive Analytics Supporting Labor Market Success: A Career Explorer For Job Seekers And Workforce Professionals In Michigan, Christopher J. O'Leary, Salomon Orellana, Kevin Doyle, Randall W. Eberts, Ben Damerow, Amy Meyers, Kenneth J. Kline, Anna Wilcoxson, Beth C. Truesdale, Scott Powell Nov 2023

Predictive Analytics Supporting Labor Market Success: A Career Explorer For Job Seekers And Workforce Professionals In Michigan, Christopher J. O'Leary, Salomon Orellana, Kevin Doyle, Randall W. Eberts, Ben Damerow, Amy Meyers, Kenneth J. Kline, Anna Wilcoxson, Beth C. Truesdale, Scott Powell

Upjohn Institute Working Papers

Career Explorer provides customized career exploration tools for workforce development staff and job seekers in Michigan. There are separate Career Explorer modules for mediated staff services and self-service by job seekers. The system was developed by the Michigan Center for Data and Analytics in collaboration with the W.E. Upjohn Institute for Employment Research and Michigan Works! Southwest. It was funded by the U.S. Department of Labor’s Office of Workforce Investment and the Schmidt Futures foundation’s Data for the American Dream (D4AD) project. In this paper, we describe specifications of the models behind the frontline-staff-mediated version of Career Explorer, which are …

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Match Effects And The Gains From Alternative Job Assignments: Evidence From A Teacher Labor Market, Mariana Laverde, Elton Mykerezi, Aaron Sojourner, Aradhya Sood Nov 2023

Match Effects And The Gains From Alternative Job Assignments: Evidence From A Teacher Labor Market, Mariana Laverde, Elton Mykerezi, Aaron Sojourner, Aradhya Sood

Upjohn Institute Working Papers

This paper studies the relative importance of teacher-student match effects and general teacher effectiveness in producing student learning, and quantifies gains from alternative teacher assignments. We estimate a framework that separates these components, allowing match quality to vary with observable student characteristics and unobservable teacher-school factors. Using more than a decade of administrative data from a large urban district, we address endogenous sorting with quasi-random assignment variation induced by differences in driving time between teachers and schools. Match effects are similar in magnitude to general effectiveness. Teacher-acceptable reassignments can raise average test scores by about 0.13 standard deviations.

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An Analysis Of Poverty Convergence: Evidence From Pennsylvania Counties, Angel Alcantara, Stephanie M. Brewer, James J. Jozefowicz Nov 2023

An Analysis Of Poverty Convergence: Evidence From Pennsylvania Counties, Angel Alcantara, Stephanie M. Brewer, James J. Jozefowicz

The Journal of Economics and Politics

This paper extends applications of unconditional and conditional β-convergence and σ-convergence analysis to poverty rates in a panel data sample of Pennsylvania counties during the period 1990-2019. Spatial structural breaks between rural and urban counties in Pennsylvania plus the possibility that Philadelphia County is an outlier are acknowledged to avoid spurious inferences. The findings support the existence of unconditional β-convergence in the pooled, urban, and rural samples with non-metropolitan areas exhibiting the greatest convergence. However, the largest conditional β-convergence is observed for urban counties, and this outcome is robust to the exclusion of Philadelphia County. Graphical evidence evinces a greater …

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Behavioral Science Interventions Could Increase Snap Comprehension And Awareness Among Military Families, Colleen Heflin, Hannah Patnaik, Leonard M. Lopoo, Siobhan O'Keefe Nov 2023

Behavioral Science Interventions Could Increase Snap Comprehension And Awareness Among Military Families, Colleen Heflin, Hannah Patnaik, Leonard M. Lopoo, Siobhan O'Keefe

Population Health Research Brief Series

Food insecurity is more common among military families than the general population, and the transition from active service to civilian life is a time of heightened risk. The Supplemental Nutritional Assistance Program (SNAP) is designed to support food security among low-income families. Many eligible military and veteran families do not enroll in SNAP due to a lack of information, stigma, and administrative barriers. This brief highlights findings from a survey experiment conducted in 2022 and 2023 to assess how small changes to SNAP informational flyers, such as simplifying information provided about SNAP, highlighting that other veterans use SNAP, and emphasizing …

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The Role Of Geopolitical Risk In Conflict Analysis: Critical Insights, Daniel Rajmil, Lucia Morales Nov 2023

The Role Of Geopolitical Risk In Conflict Analysis: Critical Insights, Daniel Rajmil, Lucia Morales

Other resources

Conflict analysis is a key step to be considered by conflict and peace academics, practitioners and policymakers willing to assess the complexities associated with conflict scenarios. With this aim, this essay explores how Geopolitical Risk, particularly the Geopolitical Risk Index, could be used as a supportive tool for multidisciplinary studies in geoeconomics and geopolitics. The case of the war in Ukraine was taken as an example that guided the research framework. The core research findings show that conflict studies could accommodate geopolitical risk as a conflict analysis tool. However, caution is needed regarding the limitations and complexities associated with econometric …

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Capital Budgeting Of Multinational Corporations In Politically Risky Environments: Evidence From The Ivory Coast, Rokya Kamagate Nov 2023

Capital Budgeting Of Multinational Corporations In Politically Risky Environments: Evidence From The Ivory Coast, Rokya Kamagate

Walden Dissertations and Doctoral Studies

No abstract provided.

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Reflections On Empowering China’S Digital Economy To Enhance International Competitiveness Through Tax System Reform, Yang Xue, Lina Hu Nov 2023

Reflections On Empowering China’S Digital Economy To Enhance International Competitiveness Through Tax System Reform, Yang Xue, Lina Hu

Bulletin of Chinese Academy of Sciences (Chinese Version)

At present, promoting the continuous improvement of the international competitiveness of the digital economy has become a new track for countries to compete. The study stands that the tax reform in the digital economy era is based on the accelerated evolution from the industrial economy to the digital economy, the wider application scenarios of digital technology, and the continuous improvement of the breadth and depth of digital infrastructure coverage. This study analyzes the problems arising from the development of the digital economy at this stage, such as the decline in the regulatory role of traditional tax functions, the loss of …

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Blue Economy Coastal Resources: Economic Valuation And Governance For Achieving Sustainable Development Goals, Unmana Sarangi Nov 2023

Blue Economy Coastal Resources: Economic Valuation And Governance For Achieving Sustainable Development Goals, Unmana Sarangi

Journal of Ocean and Coastal Economics

The research paper entitled "Blue Economy Coastal Resources its Economic Valuation and Governance for Achieving Sustainable Development Goals" is an attempt to define and analyze the concept of Blue Economy, Coastal Resources, its Economic Valuation and Governance and its implications for achieving the Sustainable Development Goals(SDGs) slated by United Nations. The research study covers aspects such as development of coastal resources for building a blue economy to achieve SDGs, economic valuation of coastal resources to develop appropriate and suitable mechanisms for achieving healthy ocean and its importance for current and future generations, sustainability of coastal resources and coastal management …

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Economics Of Conservation And The Application To The Runkle Woods, Indigenous American Cultural Student Association, Brad Kerry, Eliza Hendrix, Mateo Bush, Ryan Diza Nov 2023

Economics Of Conservation And The Application To The Runkle Woods, Indigenous American Cultural Student Association, Brad Kerry, Eliza Hendrix, Mateo Bush, Ryan Diza

Runkle Woods Symposia

Student Eliza Hendrix presents a brief history of local Native American culture to give context to Adjunct Professor Brad Kerry's portion of the presentation focusing on conservation through an economic lens.

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Financial Integration And Exchange Market Pressure, Kate Phylaktis, Muhammad Aftab Nov 2023

Financial Integration And Exchange Market Pressure, Kate Phylaktis, Muhammad Aftab

CBER Conference

This study examines the role of financial integration on exchange market pressure (EMP) across a representative group of forty-two advanced and emerging markets over the period 2000-2019, which covers the global financial crisis, which has heightened monetary and economic policy uncertainty. We use a novel measure of financial integration, namely the uncovered equity return differential versus the US, which is based on the Uncovered Equity Parity and is available at a monthly frequency.

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Economic Policy Uncertainty And Stock Portfolio Optimization: Cross Country Wavelet-Based Approach, Sara Iqbal, Waqar Ahmed Sethar, Suad Sindhiyao Nov 2023

Economic Policy Uncertainty And Stock Portfolio Optimization: Cross Country Wavelet-Based Approach, Sara Iqbal, Waqar Ahmed Sethar, Suad Sindhiyao

CBER Conference

The purpose of this research is to assess the impact of Economic Policy Uncertainty (EPU) on the Sectoral returns of China, Pakistan, the USA, the UK, and India. The panel data consisting of EPU, and sectoral returns of Stock Market data of sample countries is from 2012 to 2022. To achieve the research objectives, the wavelet coherence method is used. By applying wavelet coherence analysis to the time series data of economic policy uncertainty and sector returns, researchers can explore how the coherence or correlation between these variables changes over different periods and frequency components which helps in assessing short-, …

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Kerala’S International Tourism Demand: An Inquiry Into The Validity Of The Standard And Regular Determinants, Muhammed Salim Anappattath Nov 2023

Kerala’S International Tourism Demand: An Inquiry Into The Validity Of The Standard And Regular Determinants, Muhammed Salim Anappattath

CBER Conference

The present study aims to identify the role of standard factors and other regular potential determinants in influencing the tourist arrivals in Indian state of Kerala. We used month-wise data of the foreign tourist arrivals in Kerala from January 2002 to December 2019 and applied auto-regressive distributed lagged (ARDL) approach, with the seasonality-adjusted data, for the same.

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Appraising Economic Development: Estimating Subnational Gdp For Pakistan Through Nightlights, Wajid Ali Nov 2023

Appraising Economic Development: Estimating Subnational Gdp For Pakistan Through Nightlights, Wajid Ali

CBER Conference

Pakistan, where inequalities and unbalanced development are prevalent. This study focuses on Pakistan as a case example and employs three distinct datasets, including nightime lights data from the Suomi National Polar-orbiting Partnership Visible Infrared Imaging Radiometer Suite (NPP-VIIRS), district-level information on prices and production of selected agricultural commodities, and population data from the LandScan Global Population project.

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Inflation, Monetary Policy, And The Sacrifice Ratio, Leef H. Dierks Nov 2023

Inflation, Monetary Policy, And The Sacrifice Ratio, Leef H. Dierks

CBER Conference

Motivated by the 2022 uptick in headline inflation and the marked shift towards globally more restrictive monetary policies, this paper examines the sacrifice ratio, i.e., the percentage cost of actual production lost to every one percentage point decrease in (trend) inflation, for selected Southeast Asian economies. Results indicate that upon adopting a contractive monetary policy, GDP growth dropped by up to 0.5 per cent, confirming that monetary authorities’ disinflationary policies typically trigger declines in both output and employment. However, as even minor adjustments to the way of determining the sacrifice ratio lead to varying results, caution ought to be applied …

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Analyzing Household Income Inequality: A Subgroup Decomposition Of Generalized Entropy Measures, Jazib Mumtaz, Sayed Irshad Hussain Nov 2023

Analyzing Household Income Inequality: A Subgroup Decomposition Of Generalized Entropy Measures, Jazib Mumtaz, Sayed Irshad Hussain

CBER Conference

The study proves that education level, nature of employment, asset ownership, and gender contribute significantly to income inequality. The study further indicates that changes in income distribution for the bottom of the population through paid employment, female income, and asset ownership could impact income inequality. The study's results can be used to assess policy impact on social welfare and help policymakers design targeted interventions, develop efficient taxation, and create a sustainable model for inclusive growth.

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Computational Calculation Of Sovereign Default Probabilities: Pakistan's Case, Salman Zaffar Nov 2023

Computational Calculation Of Sovereign Default Probabilities: Pakistan's Case, Salman Zaffar

CBER Conference

This paper uses Black-Scholes-Merton model to quantitatively assess sovereign debt sustainability of Pakistan. Both the International Monetary Fund and Asian Development Bank have separately proposed applying Black Scholes-Merton model to calculate the sovereign default risk. Historically, the Black-Scholes Merton Model has been used to analyze corporate default risk. Both the sovereign and corporate default risk calculation are based on contingent claims approach which calculates risk by reading the sovereign and corporate balance sheets, respectively. Thus, in light of the proposition by these two financial bodies this paper calculates the default probability of Pakistan in 2001-2022. As the efficacy, it is …

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Evaluating The Impact Of Withdrawal Of Telegraphic Transfer (Tt) Charges Reimbursement On The Remittances From The Kingdom Of Saudi Arabia (Ksa), Muhammad Omer Nov 2023

Evaluating The Impact Of Withdrawal Of Telegraphic Transfer (Tt) Charges Reimbursement On The Remittances From The Kingdom Of Saudi Arabia (Ksa), Muhammad Omer

CBER Conference

This paper attempted to estimate the impact of withdrawal of TTC reimbursement on remittances inflowing from the KSA into Pakistan. For this purpose, we have used difference in difference (DID) technique on data from July 2018 to September 2022. Our estimates suggest that this policy led to a decline in the remittances inflows from KSA on average between US$ 31 million to US$ 76 million in each month. From policy perspective, Government of Pakistan needs to review this policy of reimbursement on remittances inflowing from KSA. Our results appears robust to various changes in estimation framework.

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Ascenso Humano: Lebret, O. P. Y Los Objetivos De Desarrollo Sostenible, Olga Marina García Norato, Fray Eduardo González Gil, O. P., Laura Bermúdez Franco, Arly Adriana Rodríguez, Yesid Fernando Pabón Serrano Nov 2023

Ascenso Humano: Lebret, O. P. Y Los Objetivos De Desarrollo Sostenible, Olga Marina García Norato, Fray Eduardo González Gil, O. P., Laura Bermúdez Franco, Arly Adriana Rodríguez, Yesid Fernando Pabón Serrano

Ciencias Administrativas, Económicas y Contables

Este libro analiza la planeación del desarrollo en Colombia, enfocándose en la Agenda 2030 y la alineación de las metas nacionales con los objetivos globales. A pesar de estos esfuerzos, no se han logrado reducir significativamente la pobreza, la desigualdad y el conflicto social. La investigación propone nuevas estrategias de intervención, integrando los Objetivos de Desarrollo Sostenible (ODS) con las categorías de ascenso humano de Lebret, O.P., que abarcan dimensiones ambientales, sociales y económicas. El objetivo principal es incluir estas categorías en los ODS y en la política pública colombiana para promover un desarrollo integral y armonioso. Con un enfoque …

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Local Competition, Multimarket Contact, And Product Quality: Evidence From Internet Service Provision, Kyle Wilson Nov 2023

Local Competition, Multimarket Contact, And Product Quality: Evidence From Internet Service Provision, Kyle Wilson

Pomona Faculty Publications and Research

I investigate the effect of competition on quality in the internet service provision industry: I examine both local competition within markets and multimarket contact among firms across markets. This industry offers an ideal setting, as quality is both objective and measurable. I use data from speedtest.net from 2008 to 2014 to estimate a reduced-form model of the effects of local competition and multimarket contact on realized consumer download speeds. I find that increased multimarket contact leads to decreased download speeds, which is consistent with the mutual forbearance hypothesis. I also find that duopolies lead to faster download speeds than do …

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Scoring Soar, Timothy J. Bartik Nov 2023

Scoring Soar, Timothy J. Bartik

Upjohn Institute Policy Papers

This paper estimates the benefits and costs of the incentive package provided to the proposed Ford battery plant in Marshall, Michigan. This project, announced in February 2023, involves a state and local business incentive package whose undiscounted value is $1.7 billion, and which is awarded to a plant that will eventually create 2,500 permanent jobs. The incentive package is analyzed using the Bartik Benefit-Cost Model of Incentives. The model’s estimates suggest that the incentive package has economic benefits whose present value is over 1.8 times the project’s incentive costs. Most of these benefits are higher earnings per capita for Michigan …

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The Metamorphosis Of The Interrelationship Between Competitiveness, Productivity, And Growth Within Economic Realm, Rashid Ali Baloch Nov 2023

The Metamorphosis Of The Interrelationship Between Competitiveness, Productivity, And Growth Within Economic Realm, Rashid Ali Baloch

CBER Conference

This study investigates that the relationship between competitiveness, productivity and growth is not stable or predictable, it acknowledges that the associations and influence among these factors such as technological, industrial advancement, and policy changes. By studying the changing linearity, researchers aim to comprehend the metamorphosis of the interrelations among competitiveness, productivity, and growth within the economic realm. This study examines the role of technological advancements, innovation, human capital development, and institutional reforms in shaping the country's growth trajectory.

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Digital Literacy And Inclusive Growth: Examining Digital Empowerment Of Female Students In Lahore, Hafsah Batool, Samia Nasreen, Attifa Arif Nov 2023

Digital Literacy And Inclusive Growth: Examining Digital Empowerment Of Female Students In Lahore, Hafsah Batool, Samia Nasreen, Attifa Arif

CBER Conference

This research study aims to investigate the role of socio-economic factors in the digital adoption of female university students in Lahore, considering the global impact of digitalization on the economy and employment generation. The primary objective is to explore the digital empowerment status of female students in Lahore and its implications for promoting inclusive growth and bridging the digital divide. The study will utilize a modified scale for the dependent variable, focusing on the dimensions of digital awareness, legal understanding, and economic aspects of digital empowerment.

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Relationship Between Human Capital And Urban Growth, Lucky Bizenjo Nov 2023

Relationship Between Human Capital And Urban Growth, Lucky Bizenjo

CBER Conference

This study has provided new insights into the relationship between urbanization and human capital, made its implications at the global income group level and national level. In the first study, panel data of 87 countries used from 1991 to 2019. The results showed that education is found to be negatively and insignificantly associated with urbanization at the global level, but it is found to be positive (though insignificant) in low-income countries, and positive and significant in low-income countries and middle-income countries, and high-income countries. Our research suggests that as the income of a country increases, the contribution of education to …

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The Relationship Between Labor Market Institutions And Innovation In 177 European Regions Over The Period 2000-2015, Gaetano Perone Nov 2023

The Relationship Between Labor Market Institutions And Innovation In 177 European Regions Over The Period 2000-2015, Gaetano Perone

CBER Conference

The main goal of this paper was to investigate the relationship between a set of labor market institutions (LMIs) and innovation (proxied by patent density) in 174 NUT-1 and NUT-2 European regions, over the period 2000-2015. Fixed effects with Driscoll and Kraay's (1998) standard errors (FE-DK), ordinary least squares (OLS), the generalized method of moments estimation of the fixed effects (FE-GMM), and a multilevel model (MLM) were employed.

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