Within-family inequalities in human capital accumulation in India

We investigate within-family inequalities in human capital accumulation in India. Indicators of the children's current stock of human capital and of investment into their continued human capital accumulation are analyzed, distinguishing between time investments and pecuniary investment into school quality. We employ a within-family model using sibship fixed effects, and find mostly negative birth order effects; that is, earlier-born children are better off. However, for time investments there is a tendency toward more positive birth order effects, especially in poor and large families. This suggests that that opportunity cost of child time matters; in poor and large families the older, more productive, siblings often need to work. The most plausible explanation for negative birth order effects in general is resource dilution at an early age. Older siblings were only children at an early age, and therefore benefited from more parental resources.     

Business Cycle Correspondence in the European Union

This paper examines whether there exists a close correspondence in the business cycles of the EU economies. We focus on the timing and magnitude of business cycles and propose criteria for defining close correspondence. We suggest that any correspondence that does exist is confined to the EU core and that, contrary to some of the existing literature, there exists a clear core-periphery distinction. This makes us less optimistic about the prospects for EMU if it is not accompanied by institutional arrangements that take into account the differences between EU economies.     

Globalization and school enrollment in a panel of countries

As the process of globalization has gained momentum in the past few decades, so too has interest in the effects of globalization on various socioeconomic outcomes grown. In this paper, I investigate the relationship between globalization and primary school enrollment. Both the economic globalization and social globalization measures from the KOF Index of Globalization are utilized in the analysis in order to capture the broad nature of globalization. The results of the panel data analysis indicate that there is a weak relationship between economic globalization and primary school enrollment, whereas the relationship between social globalization and primary school enrollment is both robust and highly significant. Examining the data by groups of countries indicates that relationship between economic globalization and school enrollment is positive and significant in Latin America and the Caribbean and in Asia, while it is weakly negative in Eastern Europe. The positive relationship between social globalization and school enrollment on the other hand is driven by countries in Latin America and the Caribbean and the Middle East and Africa.     

Dramaturgy of a Campaign: Viewing the Advertising Agency Process as a Theatrical Production

The creation of advertisements is the most widely researched topic in the advertising literature. However, the extant literature on advertising agency dynamics during campaign development remains vague and imprecise. The purpose of this paper is to introduce a new framework that can be used in the practice of studying advertising agencies. Twelve face-to-face interviews were conducted with executives at an advertising agency. A qualitative discourse analysis revealed parallels that exist between the major skill areas of an advertising agency and a theatrical troupe. In particular, the roles of producer, director, designer, technical crew, house manager, actors, and audience are similar to roles in an advertising agency.     

Image and perceived risk: A study of Uganda and its official tourism website

Increasingly, perceived risk is part of a destination’s image. This is particularly true for Africa. This study investigated images and risks associated with Uganda and whether exposure to Uganda’s official tourism website could induce image change. A classic two group randomized experimental design was used. Exposure to Uganda’s official tourism website was the intervention. Pre-test images, formed prior to website exposure were negative for both groups, and Uganda was perceived as a risky destination. Post-test images for the experimental group, formed after exposure to the website, were significantly more positive and perceived risk was reduced. Post-test images and perceived risk for the control group remained the same. Five underlying dimensions of perceived risk in Uganda were identified. It appears that by addressing these underlying dimensions, African destinations could use the web to better manage image and perceived risk. More integration between the image and risk literatures is recommended.     

Defining Access to Health Care: Evidence on the Importance of Quality and Distance in Rural Tanzania

We examine the implications of health-seeking behavior on access to quality health care using a unique dataset that combines a household survey from rural Tanzania with the location and quality of all health facilities available to households. Patients do not always visit the nearest facility, but choose from among multiple facilities, improving the quality of care they receive by bypassing low quality facilities. Recognizing this behavior alters the projected benefits to health interventions, reducing the value of focusing on the staff qualifications and increasing the value of focusing on travel time and the motivation of current staff.     

Pesticide Use and Fish Harvests in Vietnamese Rice Agroecosystems

Criticisms of the Green Revolution have focused on environmental and human health problems associated with pesticides. Pesticides may also have adverse effects on wild fish and other aquatic animals in rice paddies that supply an additional source of food and income for some farm households and provide natural pest control. We use survey data from the Mekong Delta region of Vietnam to estimate the impact of pesticides on fish harvests from rice fields. The results confirm findings of ecological studies that pesticide use harms fish populations. However, fish harvest losses are small enough that ignoring them is likely economically rational.     

Sectoral Employment Dynamics in Australia and the COVID-19 Pandemic

We develop a multivariate time series model of employment in 19 sectors for Australia. We use this model to determine the long-run effect of a 1% increase in economic activity in any chosen sector on aggregate employment. Our findings point to manufacturing and construction sectors as those that generate the largest positive spillovers for the aggregate economy. Moreover, we provide an interactive web-based app that produces our model's forecasts based on any user-specified scenario. As the restrictions associated with the COVID-19 pandemic evolve, the sectoral employment multipliers together with these interactive tools will provide useful information for policymakers.     

Are Bank Mergers Good News for Shareholders? The Effect of Bank Mergers on Shareholder Value in Japan

This study investigates the effects of bank mergers on the welfare of affiliated client firms. The findings demonstrate that, in general, bank mergers increase the welfare of client firms. However, there are significant differences in the impact of a bank merger on client firms across different merger, bank, and firm characteristics. Client firms of banks involved in mega‐mergers do not enjoy an increase in welfare. Client firms of undercapitalized banks in fact suffer significant welfare losses. In the long‐run, weak “zombie” firms also in many cases experience welfare losses following the announcement of a merger by their main bank.     

Product placement as leveraged marketing communications: the role of wishful identification,brand trust,and brand buying behaviours

Online streaming and DVRs have spurred the use of products placed within the storyline of a show to be an opportunity for advertisers to offer a message to their consumer about a brand even with the possibility of entirely avoiding commercial pods. This study examines wishful identification as a concept that mediates the relationship between favourite fictional character attributes, and buying behaviours and brand trust of products/brands used by a favourite character in a television show. Results indicate that wishful identification does, in fact, persist beyond the viewing experience. Additionally, the attribute of admiration and a combination of attributes we label the ‘Ideal Character’ is most predictive of wishful identification and our purchase intention dependent variables.