Search results for "Emerging Markets"
showing 4 items of 134 documents
Stock Market Integration and the Global Financial Crisis
2014
We study the dynamics of stock market integration and its consequences during the recent financial crisis for twenty-three developed and sixty emerging markets. We find that integration increased slightly for emerging markets but decreased for developed countries during the crisis. Moreover, we argue that the high degree of integration propagated the crisis across the global financial markets at the beginning of the crisis, but it had little effect during the crisis. We also find that integration is mostly affected by financial openness, the institutional environment, and global financial uncertainty but that these determinants vary slightly between emerging and developed markets.
Harnessing Women’s Potential as a Soft Engine for Growth : Lessons from Contrasting Trajectories between Finland and Japan for Growing Economies
2017
Harnessing the vigor of women’s potential is essential for inclusive economic growth in a digital economy moving toward aging society. This can be a soft engine for sustainable growth substitutable for costly hard investment. While there exists explicit evidence of a virtual cycle between economic growth and gender balance improvement, emerging countries cannot afford to overcome the constraints of low income. Given the foregoing, this paper analyzed possible co-evolution between economic growth, gender balance improvement and digital innovation initiated by information and communication technology (ICT) advancement. Using a unique dataset representing the state of gender balance improvemen…
International Assessment Surveys of Educational Achievement in Developing Countries : Why Education Economists Should Care
2015
International audience; This paper reviews the most known international assessment studies that are conducted in the context of poor countries and highlights the lack of empirical evidence on the degree to which the contents of the tests really match countries' curricula. To illustrate, the paper evaluates the sensitivity of an international testing instrument by comparing the responses of students in two consecutive grades on the same battery of tests. Using propensity score matching to control for student and teacher characteristics, the results show that the tests are not grade sensitive, which raises the question of the validity of many empirical works that are based on similar instrume…
Essential oil crops for sustainable agriculture - A review
2009
Multifunctionality and diversification of farming systems, integration of agricultural practices both inter se and with the non-agricultural productive systems operating on the territory, biodiversity safeguards, and reduction in off-farm inputs, are key factors for all modern development strategies in agricultural areas. Such issues are valid worldwide, but are especially true in areas in which the cultivation of the more widespread and “classical” crops is constrained by factors of varying degree and importance. In Mediterranean areas, where many environmental and economic factors often reduce rural areas to marginal conditions, the search for new crop opportunities has become one of the …