Search results for "8. Economic growth"

Climate change: A driver of future conflicts in the Persian Gulf Region?

2021

Ongoing global change and its direct environmental impacts, in addition to securing economic transition to the post-oil era, could trigger complex socio-economic and political crises in oil-dependent economies of the Persian Gulf Region (PGR). To evaluate the role of climate change and related policies in degrading the environment and its socio-economic impacts in the PGR, we have used a variety of available global datasets and published data. The results show that the countries of the PGR pursue some types of socio-economic reforms to alleviate the impacts of climate change. However, it seems that these attempts are not compatible with the environment's capacity. The main problem stems fro…

Care Workers’ Readiness for Robotization : Identifying Psychological and Socio-Demographic Determinants

2020

Successful implementation of robots in welfare services requires that the staff approves of them as a part of daily work tasks. In this study, we identified psychological and socio-demographic determinants associated with readiness for robotization among professional Finnish care-workers. National survey data were collected from professional care workers (n = 3800) between October and November 2016. Random samples were drawn from the member registers of two Finnish trade unions. The data were analyzed with regression models for respondents with and without firsthand experience with robots. The models explained 34–39% of the variance in the readiness for robotization. The readiness was posit…

Stature and long-term labor market outcomes: Evidence using Mendelian randomization.

2017

We use the Young Finns Study (N = ∼2000) on the measured height linked to register-based long-term labor market outcomes. The data contain six age cohorts (ages 3, 6, 9, 12, 15 and 18, in 1980) with the average age of 31.7, in 2001, and with the female share of 54.7. We find that taller people earn higher earnings according to the ordinary least squares (OLS) estimation. The OLS models show that 10 cm of extra height is associated with 13% higher earnings. We use Mendelian randomization, with the genetic score as an instrumental variable (IV) for height to account for potential confounders that are related to socioeconomic background, early life conditions and parental investments, which ar…

Heritability of Lifetime Income

2013

Using 15 years of data on Finnish twins, we find that 24% (54%) of the variance of women’s (men’s) lifetime income is due to genetic factors and that the contribution of the shared environment is negligible. We link these figures to policy by showing that controlling for education reduces the variance share of genetics by 5-8 percentage points; by demonstrating that income uncertainty has a genetic component half the size of its variance share in lifetime income; and by exploring how the genetic heritability of lifetime income is related to the macroeconomic environment, as measured by GDP growth and the Gini-coefficient of income inequality.

2019

Abstract This paper examines the relationship between health endowment and later-life outcomes in the labour market. The analysis is based on reduced-form models in which labour market outcomes are regressed on genetic variants related to the increased risk of cardiovascular diseases. We use linked Finnish data that have many strengths. Genetic risk scores constitute exogenous measures for health endowment, and accurate administrative tax records on earnings, employment and social income transfers provide a comprehensive account of an individual’s long-term performance in the labour market. The results show that although the direction of an effect is generally consistent with theoretical re…

A competing risks tale on successful and unsuccessful fiscal consolidations

2019

Abstract This paper analyses the transitions out of fiscal consolidations using annual data for 17 industrial countries over the period 1975-2013 and applying a discrete-time competing risks duration model. Our approach allows us to distinguish the factors behind a successful or an unsuccessful end of fiscal consolidation episodes. The results show that economic and political factors, the size and typology of fiscal adjustments and the occurrence of crises explain the differences in the length and the success/failure of fiscal consolidations. Moreover, while fiscal adjustment programmes that end successfully display positive duration dependence, those that end in an unsuccessful manner are …

Les managers de proximité face aux compétences : une approche située

2013

Line managers and qualifications: a situated approachQualifications have seldom been analyzed as closely as possible to the operational level, a possibility of special interest to line managers and a genuine issue for research and management. Supervisors are continually in the position of making judgments about the qualifications of the persons and work teams whose activities they organize to reach the objectives set. Starting from observations conducted in several situations at the workplace, the concept of a “qualification oriented toward the situation” is drawn up around three dimensions : situation, qualification and performance. Its usefulness is empirically illustrated in the case of …

The Impact of Lbos on Investment Policies and Operations of Acquired French Firms

2002

This paper evaluates the extent that French LBO targets’ investment policy and operations can account for their overperformance discrepancy. Our empirical study has been carried out on 132 French LBOs between 1989 and 1994. The results show that the abnormal plunge in economic return cannot be explained by overinvestments or by inefficient working capital management. Nevertheless, abnormal increases in wages, supplies and/or sales price reductions appear to be prominent.

La construction de la théorie financière moderne : de la finance néoclassique à la finance néoinstitutionnelle et comportementale. Une introduction a…

2017

2e édition; National audience

A Dynamic Analysis of S&P 500, FTSE 100 and EURO STOXX 50 Indices Under Different Exchange Rates

2017

The persistence analysis of short- and long-term interaction and causality in the international financial markets is a key issue for policy makers and portfolio investors. This paper assesses the dynamic evolution of short-term correlation, long-term cointegration and Error Correction Model (hereafter referred to as ECM)-based long-term Granger causality between each pair of US, UK, and Eurozone stock markets over the period of 1980--2015 using the rolling-window technique. A comparative analysis of pairwise dynamic integration and causality of stock markets, measured in common and domestic currency terms, is conducted to evaluate comprehensively how exchange rate fluctuations affect the ti…