Economic Development and Women's Labor Force Participation in India

India has experienced steady economic growth over the last two decades alongside a persistent decline in women's labor force participation (LFPR). This paper explores the relationship between economic development and women's labor supply using state-level data spanning the period 1983–4 to 2011–2. While several studies suggest a U-shaped relationship between development and women's labor force participation, our results suggest that at the state level, there is no systematic U-shaped relationship between level of domestic product and women's LFPR. On examining the relationship between the structure of the economy and women's economic activity, we find that it is not economic growth but rather the composition of growth that is relevant for women. Further, our results suggest that aggregate changes in the proportion of women in the workforce can be mostly attributed to the movement of the workforce across sectors rather than changes in the proportion of women workers within a sector.     

个体主动性人格对学习能力影响的实证研究

探讨了员工个体的主动性人格特质对其学习能力的影响及其作用机制,以及员工的工作卷入和反馈寻求在这一关系中的中介作用。运用企业236个员工数据进行分析,得出以下结论:企业员工的主动性人格显著促进其学习能力;员工的主动性人格显著强化其工作卷入和反馈寻求;员工对内的工作卷入促进了其学习能力,且在主动性人格和学习能力的关系中起部分中介的作用;员工对外的反馈寻求促进其学习能力,且在主动性人格和学习能力的关系中起部分中介作用。研究结论为组织个人学习能力的提升提供了一个重要的前因变量,并对员工工作卷入与反馈寻求的中介作用机制进行了探讨,丰富了个人学习研究,并提出了相关的实践建议。     

R&D团队中领导行为、创新氛围与知识创新的关系:案例研究

采用案例研究方法,以全球最著名的研发机构——美国国家航空航天局(NASA)为例,分析了R&D团队中的领导行为与知识创新的关系以及团队创新氛围在其中的中介作用。根据SECI模型,探索了团队层面的R&D团队知识创新的结构维度,得到R&D团队领导行为、团队创新氛围与知识创新间关系的修正模型。案例研究结果表明:R&D团队中的领导行为对团队知识创新的影响部分是通过创新氛围实现的;社会情境在团队创新氛围与知识创新之间起调节作用。     

Women's Wealth and Intimate Partner Violence: Insights from Ecuador and Ghana

Intimate partner violence (IPV) by men against their partners is one of the most glaring indicators of women's lack of empowerment. Drawing upon the 2010 Ecuador Household Asset Survey (EAFF) and the 2010 Ghana Household Asset Survey (GHAS), nationally representative surveys for Ecuador and Ghana, respectively, this study investigates the relationship between women's ownership of assets and physical and emotional abuse by spouses against currently partnered women over the previous twelve months. It uses the value of a woman's total assets compared to those of her partner as the main proxy for a woman's bargaining power. Differentiating between physical and emotional violence in both countries, the study finds that women's share of couple wealth is significantly associated with lower odds of physical violence in Ecuador and emotional violence in Ghana. Moreover, the association between women's share of couple wealth and IPV is contingent on the household's position in the wealth distribution.     

FAMILY PLANNING AND WOMEN'S EDUCATIONAL ATTAINMENT: EVIDENCE FROM THE ONE‐CHILD POLICY

This paper exploits China's one‐child policy (OCP) to study the relationship between fertility and educational attainment of the mothers of China's “sibling‐less generation.” I take two difference‐in‐differences approaches to estimate the OCP's effect on women's education: one compares gender difference among the ethnic majority group and the other compares ethnicity differences between ethnic majority women and ethnic minority women. I also explore the heterogeneity of the policy's effects by parent's status at the Communist Party. I find that the OCP has a positive and significant effect on women's education and explains about half of the increase in educational attainment for women born between 1960 and 1980. Their increased educational attainment associates with delayed entry into first marriage, delayed entry to parenthood and increased labor supply. (JEL I20, J13, J16, J18)     

CAN GREATER ATTENTION TO WOMEN'S RIGHTS HELP ADDRESS INCOME INEQUALITY?

We investigate the relationship between women's economic, social, and political rights with the level of income inequality. We use dynamic panel estimation to check our hypothesis that that strong rights for women translate into higher participation in economic productive activities, improve income and education and support for future generations, thus reducing the overall income inequality in the economy. We further look at how a country's overall economic performance and the status of women's education alter the relationship. The relationship is strengthened if countries are either in the higher‐income spectrum or have higher levels of female educational attainment. (JEL O1, I00, H00)     

Technology Transfer and the South's Participation in an International Environmental Agreement*

We develop a North–South model of international trade and transboundary pollution to analyze the relationship between environmental technology transfer and the South's incentive to join an international environmental agreement (IEA). We find necessary and sufficient conditions under which technology transfer will increase the South's incentive to join the IEA. We also find necessary and sufficient conditions under which the South's participation in the IEA will increase the market incentive for technology transfer. Results have clear policy implications for (i) the sequence of technology transfer and the South's IEA membership, and (ii) the legitimacy of the South's subsidies for technology transfer.     

Labour Supply and the Risk of Divorce: An Analysis of Australian Data

This article examines the possible consequences of rising divorce risks for the pattern of married women's labour supply in the Australian labour market. An extension of Becker's (1965) model of time allocation is used to inform an empirical analysis of this issue based on the 1997 Negotiating the Life Course Survey data. The empirical analysis in the article features a model that controls for the possibility of an endogenous relationship between women's involvement in paid work and the risk of divorce. Results show a significant positive relationship between the risk of divorce and the probability that a woman will be involved in full‐time work.     

Modeling of the impact of the financial crisis and China's accession to WTO on China's exports to Germany

We focus on discussing the impact of China's accession to WTO and the financial crisis on China's exports to Germany, particularly in agricultural products, based on some most recent proposals. Firstly, structural breaks caused by those events are detected. Then the Box–Cox model and a new tree-form Constant Market Share (CMS) model are fitted to discover the long-term impact of those events on the trade relationship between China and Germany and the growth causes of China's exports to Germany. We found that China's accession to WTO had a negative short-term impact on China's exports and its market share in agricultural products, but a positive short-term impact on its market share in industrial products and a positive long-term impact on its exports and market share in both classes. The tree-form CMS model shows the growth of China's exports to Germany due to competitiveness after this event was much higher than before. The financial crisis exhibited a negative short-term impact on China's exports to Germany, but a positive short-term impact on China's market share and the trade relationship between both countries in industrial products. China's market share in agricultural products was not affected by the financial crisis.     

Strategic networks and new product performance: the mediating role of ambidextrous innovation

In this study we examine the relationship between strategic networks and new product performance from the perspective of ambidextrous innovation (i.e. combining exploratory innovation and exploitative innovation) using a sample of 323 manufacturing firms in the transitional economy of China. Our empirical analyses present several interesting findings: (a) strategic networks are positively related to firms’ new product performance; (b) ambidextrous innovation has a positive effect on firms’ new product performance – that is, the combination of exploratory innovation and exploitative innovation positively affects the firm's new product performance, while the lack of balance between exploratory innovation and exploitative innovation negatively affects the firm's new product performance; and (c) ambidextrous innovation mediates the relationship between strategic networks and new product performance. Our findings provide scholars and managers with a better understanding of the key role played by the simultaneous adoption of exploratory and exploitative innovation in the relationship between strategic networks and new product performance.     

Interactions of the firm's real and financial decisions

This paper provides an integrated approach to the theory of the firm. Under technological uncertainty, corporate taxes, risky debt and risk neutrality it is shown that the firm's investment production and financing decisions are made simultaneously. It is demonstrated that the relationship between optimal capital (or labour) and debt is not strictly negative as in Dotan and Ravid (1982) nor strictly positive as in Hite (1977). The direction of this relationship depends on the characteristics of debt and the characteristics of the firm's production function. Given the simultaneity of the real and financial decisions, it is shown that an interior optimum exists for the firm's value as a function of debt.     

Ranking asymmetric auctions: Filling the gap between a distributional shift and stretch

I consider first-price auctions (FPA) and second-price auctions (SPA) with two asymmetric bidders. The FPA is known to be more profitable than the SPA if the strong bidder's distribution function is convex and the weak bidder's distribution is obtained by truncating or horizontally shifting the former. In this paper, I employ a new mechanism design result to show that the FPA remains optimal if the weak bidder's distribution falls between the two benchmarks in a natural way. The same conclusion holds if the strong bidder's distribution is concave, but with a vertical shift replacing the horizontal shift. A result with a similar flavor holds if the strong bidder's distribution is neither convex nor concave. The dispersive order and the star order prove useful in comparing the weak bidder's distribution to the benchmarks. A key step establishes a relationship between these orders and reverse hazard rate dominance.     

Multivariate cointegration and causality tests of Wagner's hypothesis: evidence from the UK

The purpose of this paper is to examine the issue of omitted variables in testing the long run validity of Wagner's hypothesis. Using UK data for the period 1948 to 1997, this paper first investigates the secular relationship between public spending and economic development in a bivariate system. In all cases considered, our bivariate cointegration tests indicate the absence of a long run equilibrium condition. However, the introduction of a third variable (money supply) re-establishes a cointegrating relationship between public expenditure and economic development variables. In addition, the results of the Granger's multivariate causality test indicate a unidirectional causality from income and money supply to public spending in the long run, thus providing support for Wagner's hypothesis.     

Impact of coopetition in the alliance portfolio and coopetition experience on firm innovation

This paper examines two interrelated questions: to what extent does coopetition in a firm's alliance portfolio impact the firm's innovation performance? And to what extent does a firm's coopetition experience influence the relationship between coopetition in the alliance portfolio and innovation performance? Conceptually, we advance the concepts of balanced coopetition in a firm's alliance portfolio and coopetition experience and suggest that both balanced coopetition and coopetition experience contribute to firm's innovation outcomes. Results based on a longitudinal data of firms from the semiconductor industry show that moderate to high levels of balanced-strong coopetition in a firm's alliance portfolio positively impact the firm's coopetition-based innovation performance. Further, coopetition experience contributes to innovation performance and positively moderates the relationship between balanced-strong coopetition and innovation performance.     

Balance-of-payments constrained growth model for the Turkish economy

Economists have investigated the relationship between output and export in order to explain economic growth for long years. Numerous studies have found very close correspondence between the growth of output and export. It is commonly known that Thirlwall's papers indicate very tight relationship between the growth of output and the ratio of the growth of exports to the income elasticity of demand for imports. This paper aims to apply Thirlwall's balance-of-payments-constrained (BPC) model for the Turkish economy for 1968–2011 period. This research also evaluates the procedures of testing Thirlwall's principle by estimation of the income elasticity of demand for imports using the test of stationarity and cointegration methods. The findings are in accordance with the Harrod–Thirlwall growth model. The test results of Johansen cointegration procedure and the comments on these results are presented as well.     

Output Variability and Economic Growth: the Japanese Case

We examine the empirical relationship between output variability and output growth using quarterly data for the 1961–2000 period for the Japanese economy. Using three different specifications of GARCH models, namely, Bollerslev's model, Taylor/Schwert's model, and Nelson's EGARCH model, we obtain two important results. First, we find robust evidence that the “in‐mean” coefficient is not statistically significant. This evidence is consistent with Speight's (1999) analysis of UK data and implies that output variability does not affect output growth. In other words, this finding supports several real business cycle theories of economic fluctuations. Second, we find no evidence of asymmetry between output variability and growth, a result consistent with Hamori (2000) .     

成本粘性影响管理层自愿性盈利预测了吗？--来自中国A股上市公司的证据

文章研究成本粘性与管理层自愿性盈利预测之间的关联。结果发现：成本粘性增加了管理层发布自愿性盈利预测的倾向及频率,同时,成本粘性程度与乐观盈利预测呈正相关,与悲观盈利预测呈负相关。影响机制表明,成本粘性通过提高信息不对称程度和企业经营风险从而影响了管理层自愿性盈利预测披露。进一步研究发现,政府补助加强了成本粘性与管理层自愿性盈利预测披露之间的关系,企业社会责任与经济政策不确定性削弱了两者之间的关系;然而政府补助、企业社会责任与经济政策不确定性对成本粘性与管理层自愿性盈利预测性质之间的关系没有显著影响。此外,成本粘性对管理层自愿性盈利预测的影响在非国有企业、非国际四大审计的公司中更为显著。最后,管理层自愿性盈利预测披露的增加,降低了权益资本成本,提升了企业价值。本文的发现丰富了成本粘性经济后果和自愿披露信息影响因素的研究,并提供了关于管理层的自由裁量权和管理激励在影响企业成本结构和盈利预测信息披露方面的证据。     

An Analysis of Exports and Growth in India: Cointegration and Causality Evidence (1971–2001)

The relationship between exports and economic growth has been analysed by a number of recent empirical studies. This paper re‐examines the sources of growth for the period 1971–2001 for India. It builds upon Feder's (1983 ) model to investigate empirically the relationship between export growth and GDP growth (the export led growth hypothesis), using recent data from the Reserve Bank of India, and by focusing on GDP growth and GDP growth net of exports. We investigate the following hypotheses: (i) whether exports, imports and GDP are cointegrated using the Johansen approach and Breitung's nonparametric cointegration test; (ii) whether export growth Granger causes GDP growth; (iii) and whether export growth Granger causes investment. Finally, a VAR is constructed and impulse response functions (IRFs) are employed to investigate the effects of macroeconomic shocks.     

An Economist's Comment on Philosophico-Economic Relationships

In this journal, Welch and Mueller (WM) (2001) demonstrated a classificatory method for conceptualizing relationships between religion and economics. No judgement can be drawn from WM as to which of their four classifications might be a, or the, correct one. They conclude that the relationships are “both complex and controversial”, and that before any assessment can be apprehended adequately of how the two fields interact, “the permutations and subcategories implied by the system” used need to be identified and explored more thoroughly. This paper pursues that path, but argues that a more determinate verdict than WM's is possible. Here, an alternative interpretation of the relationship between religion and economics is investigated, in which WM's categories are assessed. In the alternative, WM's four classes are not taken to possess equal intellectual merit, as they appear to be. Using more current and comprehensive definitions of religion than WM's, a case is constructed that three of their four categories possess greater intellectual value than the remaining one. These three are here collapsed into one new mega-category regarded as that most validly describing the relationship between religion and economics.     

Governmental Control of Externalities,or the Prey Eats the Predator

This paper argues that Gunnar Myrdal's theory of the state fruitfully elucidates which set of factors contributed to the transformation of the Welfare State into what James K. Galbraith has described as the modern Predator State. Myrdal employs the circular cumulative causation hypothesis (Berger forthcoming; 2008; Berger and Eisner 2007) to explain the evolution of the state as the result of multiple interrelated factors. Myrdal's evolutionary-institutional analysis of the state is found to be compatible with Galbraith's (2008) recent Veblenian approach in that it highlights the role of corruption (pecuniary considerations) in the relationship between big business (the "organized sector") and government.