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Conventional wisdom dictates that a fiscal policy should be counter-cyclical. In particular, by incorporating the political effort behavior of private agents into a weak government model, we explore how income fluctuations affect the optimal budget deficits in a political economy.
This book uses the state-level panel data to identify some of the important correlates of employment growth/elasticity and indicators of quality-employment. To do so, it considers a wide spectrum of variables including physical, financial and social infrastructure specific indicators and government spending in certain key areas. In addition to the aggregate employment, the book also comprises analysis of different sectors, regions and gender categories. Based on the results, it identifies crucial determinants which bear important policy implications.The book presents evidence showcasing how the overall investment climate and an effective state, as envisaged in terms of increased social expenditure, are instrumental to improvements in employment elasticity. The findings also reinforce the role of industry-led growth and agglomeration economies in contributing to employment growth. Besides, based on the unit-level data from the periodic labour force surveys, the book tries to answer a wide range of questions such as, what restricts a person from getting absorbed in a high productivity activity; within a given sector why one is in a casual or self-employed job and not in regular wage job; are casual wage jobs in the informal sector different from those in the formal sector; and why the wage variations exist across sectors and activities. The three rounds of periodic labour force surveys reflect on certain individual and household characteristics; in particular, the role of education is seen to be crucial in determining the occupational choice and the wage rate. Finally, the book focuses on the enterprise-level data and identifies the types of units which are vulnerable within the unorganized sector. It assesses the links of the unorganized sector units with their organised sector counterpart and identifies the factors which reduce the economic viability of the units.
This book is the first to cover the research of whole aspects of international mobility to and from Taiwan of both skilled and unskilled workers. This book clarifies those aspects of international skilled labor mobility to and from Taiwan and also analyzes the various issues regarding unskilled foreign laborers in Taiwan.
The previous hyperinflation models surveyed in this book attempt to explain hyperinflation as a bubble phenomenon because they assume a constant real deficit financed by money. The mechanics of hyperinflation models in this book explains hyperinflation by a fiscal crisis, characterized by an increasing fiscal deficit.
This book adopts a linear optimization method and introduces a dynamic optimization simulation model for analyzing synthetic environmental policies as endogenous variables in order to improve the environment and provide more biomass energy.
The data on various indices including sectoral indices help in measuring the relative efficiency of the market and understanding how liquidity and market capitalization affect the efficiency of the market.
This book gives an introduction to R to build up graphing, simulating and computing skills to enable one to see theoretical and statistical models in economics in a unified way.
This book presents a technical approach to promoting the development of disaster and climate change risk financing and transfer strategies, and discusses several practical issues, chiefly focusing on Latin America and the Caribbean.
This research focuses on the process of growth in the automobile industries in the ASEAN region. Thailand in particular has long treated automobile production as a national strategy, and this research puts considerable focus on Thailand's initiatives.
While one may argue that Harrod (1939) and Domar (1946) have already achieved that, Shimomura's theory centers policy recommendations for sustaining the high economic growth against the productivity growth that would cause excess supply in the market.
This unique book develops an operational approach to preference and rationality as the author employs operators over binary relations to capture the concept of rationality.
This brief analyzes each of the Major League Baseball (MLB) franchises in the American League, their past regular-season and postseason records and financial performances while operating as competitive, popular, and profitable or unprofitable enterprises.
Second, it presents a re-evaluation of Mexico's trade policies with China, from the import substitution industrialization (ISI) period in the early 1990s to the strengthening of economic and trade relations in recent years.
This book empirically analyzes the vulnerability of poor households in rural areas of Mexico and the effects of the conditional cash transfer (CCT) program called PROGRESA-Oportunidades by adopting the two most recent sets of rural household panel data for 2003 2007.
This book presents the Balanced Development Index (BDI), measuring socioeconomic development in twenty-two European OECD member countries in a period 1999-2017. Compared to other composite measures of development, BDI looks beyond traditional development indicators, such as GDP, to create an index which gives equal weight to social, economic, objective, and subjective aspects of development. The BDI aggregates forty-two detailed indicators into four composite middle-level indexes: external economic (characterizing functioning of national economies in their international surroundings), internal economic (characterizing various aspects of domestic economic conditions), social expectations (public hopes and fears concerning economic, political and social conditions), and current social condition (including both objective and subjective social indicators)ΓÇöwhich are, in turn, aggregated into the general BDI index.
This volume develops original methods of analyzing biased technological progress in the theory and empirics of economic growth and income distribution.
This is the first book to focus on the theoretical and practical issues of export control. Although export control has been discussed within the framework of international law in terms of peace and security, its scope has now been expanded to international economic law (i.e., WTO law and international investment law).
This book discusses the concepts, types, models, and patterns of crowdfunding to provide a comprehensive portrait of this newly developed market-based financial tool.
This Brief sheds new light on three specific aspects of economic behavior - companies offering prize promotions, individuals making anonymous donations, and politicians creating political advertisements.
In this book, the basic information from each survey such as sampling methods, survey techniques, and available variables is provided and then compared to check the consistency across the same variables reported in different surveys.
This book is open access under a CC BY 4.0 license. The authors of this book advise the economies of the European Union to become more entrepreneurial in promoting innovation and economic growth.
"The education to work transition of young people is key to a successful work-life and to fight youth unemployment.
This book theoretically and empirically explores why Japanese banks engaged in seemingly contradictory behaviors in the 1990s, namely, the credit crunch and evergreening, i.e., inefficient additional lending.
Tohoku University and Iwate University, both at the center of post-disaster reconstruction following the 2011 East Japan Earthquake and Tsunami;
Exploiting the corporate financial dataset compiled by the Development Bank of Japan, it shows empirical evidence that an excessive conservative financial policy of firms in good standing were responsible for sluggish reallocation of productive resources after the recovery of "zombie" firms.
This book provides an entry into the subjects of disparity and deprivation, by attending to issues that have a bearing on certain salient philosophical and conceptual aspects of these subjects.
The book collects the results of researchers in Japan, China, South Korea, and Indonesia on declining birthrates and aging, rapid technological innovation and societal changes, and recovery from natural disasters.Chapter 1 covers Japanese social welfare system reform and transformation of social governance.
This open access book tells the story of how Sweden is becoming a virtually cashless society. This highly topical book will be of interest to politicians, researchers, businesses, financial service providers and payment service providers, as well as fintech start-ups, regulators and other authorities.
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