Magazine et Edition

Volume 67 (2022): Edition 3 (December 2022)

Volume 67 (2022): Edition 2 (August 2022)

Volume 67 (2022): Edition 1 (April 2022)

Volume 66 (2021): Edition 3 (December 2021)

Volume 66 (2021): Edition 2 (August 2021)

Volume 66 (2021): Edition 1 (April 2021)

Volume 65 (2020): Edition 3 (December 2020)

Volume 65 (2020): Edition 2 (August 2020)

Volume 65 (2020): Edition 1 (April 2020)

Volume 64 (2019): Edition 3 (December 2019)

Volume 64 (2019): Edition 2 (August 2019)

Volume 64 (2019): Edition 1 (April 2019)

Volume 63 (2018): Edition 3 (December 2018)

Volume 63 (2018): Edition 2 (August 2018)

Volume 63 (2018): Edition 1 (April 2018)

Volume 62 (2017): Edition 3 (December 2017)

Volume 62 (2017): Edition 2 (August 2017)

Volume 62 (2017): Edition 1 (April 2017)

Volume 61 (2016): Edition 3 (December 2016)

Détails du magazine
Format
Magazine
eISSN
2065-9644
Première publication
06 Mar 2016
Période de publication
3 fois par an
Langues
Anglais

Chercher

Volume 67 (2022): Edition 1 (April 2022)

Détails du magazine
Format
Magazine
eISSN
2065-9644
Première publication
06 Mar 2016
Période de publication
3 fois par an
Langues
Anglais

Chercher

5 Articles
Accès libre

Does Female Education Generate Economic Growth? An Empirical Analysis of Western Balkan Countries

Publié en ligne: 14 May 2022
Pages: 1 - 10

Résumé

Abstract

This paper investigates the relationship between female education and economic growth in Western Balkan countries during the period 2000-2019. The motive behind choosing Western Balkan countries was because there is insufficient research that has been made in this field of study; hence, this research assists to expand the issue of this topic. By using GDP as dependent variable, the paper addresses the question whether female education generates or not economic growth. The techniques applied for this study are OLS, fixed and random effects, and Hausman-Taylor model IVs. The findings show a positive relationship between GDP per capita, female labor participation, school enrollment primary, and literacy rate. On the other hand, there exists a negative relationship with fertility rate, while the school enrollment tertiary is statistically insignificant. This paper brings evidence that female education generates more economic growth in Western Balkan countries. Therefore, the Government of the Western Balkans should take into consideration to invest more on education of the woman in those countries. These in turn will lead to higher economic growth.

Mots clés

  • education
  • female
  • labor force
  • economic growth
  • western Balkan

JEL Classification

  • I24
  • J16
  • J21
  • O1
  • O57
Accès libre

Involuntary Unemployment Under Ongoing Nominal Wage Rate Decline in Overlapping Generations Model

Publié en ligne: 14 May 2022
Pages: 11 - 26

Résumé

Abstract

We analyze involuntary unemployment based on consumers’ utility maximization and firms’ profit maximization behavior with ongoing nominal wage rate decline. We consider a three-periods overlapping generations (OLG) model with a childhood period as well as younger and older periods under monopolistic competition with increasing, decreasing or constant returns to scale technology. When there exists involuntary unemploymnet, the nominal wage rate may decline. We examine the existenbce of involuntary unemployment in that model with ongoing mominal wage rate decline (or deflation). Even if the nominal wage rate declines, we have a steady state with involuntary unemployment and constant output and employment. We need budget deficit or budget surplus to maintain the steady state depending on whether real balance effect is positive or negative. Also we examine the possibility to achieve full-employment by fiscal policy.

Mots clés

  • involuntary unemployment
  • monopolistic competition
  • wage rate decline
  • real balance effect

JEL Classification

  • E12
  • E24
  • E31
Accès libre

Capitalization of Human Skills and Competencies – An Exploratory Model

Publié en ligne: 14 May 2022
Pages: 27 - 43

Résumé

Abstract

The paper aims to synthesize the lessons learned from the analysis of the ISO 9001 quality management system standard. The objective is twofold: first, to understand the role of human capital in the conduct and success of an innovation project within a company, and secondly, to explain the simultaneous effect of this dynamic on the emergence of innovative behaviors. An exploratory study is established with the personnel of the first ISO certified company in Algeria and the proposed hypotheses are tested by the partial least squares structural equation modeling (PLS-sem) method. Analysis of the results show that by acting on certain mechanisms, these standards can be assimilated to a catalog of data that can be utilized to encourage and promote the construction and development of skills and competencies. The findings allow us to better understand the nature of the relationship that may exist between skills management and the quality approach.

Mots clés

  • ISO 9000
  • Human capital
  • Managerial innovation
  • PLS approach

JEL Classification

  • L15
  • M59
  • P23
Accès libre

The Relative Success of IFRS Adopted African Countries to Attract Foreign Investment

Publié en ligne: 14 May 2022
Pages: 44 - 62

Résumé

Abstract

Within the context that the adoption of International Financial Reporting Standards (IFRS) can be linked to institutional isomorphism, the purpose of the study was to determine how successful IFRS-adopted African countries are to convert governance and economic factors into foreign direct investment (FDI) and foreign portfolio investment (FPI). Data envelopment analysis (DEA) was used to develop two models to calculate the technical efficiency (TE) for 16 African countries that adopted IFRS (2014-2019). The first model considered how multiple economic factors as input variables are converted into FDI and FPI, while similarly, the second model considered governance factors as input variables.

Mots clés

  • International Financial Reporting Standards (IFRS)
  • foreign direct investment (FDI)
  • foreign portfolio investment (FPI)
  • data envelopment analysis (DEA)
  • institutional isomorphism

JEL Classification

  • C61
  • F18
  • M41
Accès libre

Human Capital Development and Sustainable Development: Evidence from Nigeria

Publié en ligne: 14 May 2022
Pages: 63 - 76

Résumé

Abstract

The contributions of human capital development in achieving the sustainable development cannot be overemphasized in any economy, this is because investment in education and health has been argued as the strategic impetus for improving the quality of human resources. Against this backdrop, this study investigates the impact of human capital development on the sustainable development goal one (1) – poverty reduction. The study utilizes the Nigerian data combining Johansen Cointegration test, Granger causality test and Fully Modified Least Squares to establish how public investments in both education and health affect poverty reduction in the country between 1981 and 2019. Originating from the findings of this study, both government expenditure on health and capital formation Granger caused poverty reduction in Nigeria. This is a vital signal that human capital development in the form of investment in health of human resources is an important condition for the achievement of the sustainable development goal one (1) – poverty eradication in Nigeria. Similarly, all the selected components of human capital development have positive contributions to poverty reduction in Nigeria. However, the contributions of health expenditures and capital formation are statistically significant. This implies that health expenditures and capital formation have a trickle-down effect on poverty reduction in Nigeria. Therefore, this study recommends the following: any time the Nigerian policymakers want to achieve the sustainable development goal one (1) – poverty reduction, the Nigerian budgetary allocations to education and health sectors should be in tandem with the global benchmark; this would ensure material and human resources that could drive the country towards the sustainable development. The enhancement of educational and health facilities by the policymakers would also bring about improvement in the living standard of the Nigerians.

Mots clés

  • Human Capital Development
  • Poverty Reduction
  • SDGs
  • FMOLS
  • Nigeria

JEL Classification

  • F63
  • I32
  • O15
  • C32
5 Articles
Accès libre

Does Female Education Generate Economic Growth? An Empirical Analysis of Western Balkan Countries

Publié en ligne: 14 May 2022
Pages: 1 - 10

Résumé

Abstract

This paper investigates the relationship between female education and economic growth in Western Balkan countries during the period 2000-2019. The motive behind choosing Western Balkan countries was because there is insufficient research that has been made in this field of study; hence, this research assists to expand the issue of this topic. By using GDP as dependent variable, the paper addresses the question whether female education generates or not economic growth. The techniques applied for this study are OLS, fixed and random effects, and Hausman-Taylor model IVs. The findings show a positive relationship between GDP per capita, female labor participation, school enrollment primary, and literacy rate. On the other hand, there exists a negative relationship with fertility rate, while the school enrollment tertiary is statistically insignificant. This paper brings evidence that female education generates more economic growth in Western Balkan countries. Therefore, the Government of the Western Balkans should take into consideration to invest more on education of the woman in those countries. These in turn will lead to higher economic growth.

Mots clés

  • education
  • female
  • labor force
  • economic growth
  • western Balkan

JEL Classification

  • I24
  • J16
  • J21
  • O1
  • O57
Accès libre

Involuntary Unemployment Under Ongoing Nominal Wage Rate Decline in Overlapping Generations Model

Publié en ligne: 14 May 2022
Pages: 11 - 26

Résumé

Abstract

We analyze involuntary unemployment based on consumers’ utility maximization and firms’ profit maximization behavior with ongoing nominal wage rate decline. We consider a three-periods overlapping generations (OLG) model with a childhood period as well as younger and older periods under monopolistic competition with increasing, decreasing or constant returns to scale technology. When there exists involuntary unemploymnet, the nominal wage rate may decline. We examine the existenbce of involuntary unemployment in that model with ongoing mominal wage rate decline (or deflation). Even if the nominal wage rate declines, we have a steady state with involuntary unemployment and constant output and employment. We need budget deficit or budget surplus to maintain the steady state depending on whether real balance effect is positive or negative. Also we examine the possibility to achieve full-employment by fiscal policy.

Mots clés

  • involuntary unemployment
  • monopolistic competition
  • wage rate decline
  • real balance effect

JEL Classification

  • E12
  • E24
  • E31
Accès libre

Capitalization of Human Skills and Competencies – An Exploratory Model

Publié en ligne: 14 May 2022
Pages: 27 - 43

Résumé

Abstract

The paper aims to synthesize the lessons learned from the analysis of the ISO 9001 quality management system standard. The objective is twofold: first, to understand the role of human capital in the conduct and success of an innovation project within a company, and secondly, to explain the simultaneous effect of this dynamic on the emergence of innovative behaviors. An exploratory study is established with the personnel of the first ISO certified company in Algeria and the proposed hypotheses are tested by the partial least squares structural equation modeling (PLS-sem) method. Analysis of the results show that by acting on certain mechanisms, these standards can be assimilated to a catalog of data that can be utilized to encourage and promote the construction and development of skills and competencies. The findings allow us to better understand the nature of the relationship that may exist between skills management and the quality approach.

Mots clés

  • ISO 9000
  • Human capital
  • Managerial innovation
  • PLS approach

JEL Classification

  • L15
  • M59
  • P23
Accès libre

The Relative Success of IFRS Adopted African Countries to Attract Foreign Investment

Publié en ligne: 14 May 2022
Pages: 44 - 62

Résumé

Abstract

Within the context that the adoption of International Financial Reporting Standards (IFRS) can be linked to institutional isomorphism, the purpose of the study was to determine how successful IFRS-adopted African countries are to convert governance and economic factors into foreign direct investment (FDI) and foreign portfolio investment (FPI). Data envelopment analysis (DEA) was used to develop two models to calculate the technical efficiency (TE) for 16 African countries that adopted IFRS (2014-2019). The first model considered how multiple economic factors as input variables are converted into FDI and FPI, while similarly, the second model considered governance factors as input variables.

Mots clés

  • International Financial Reporting Standards (IFRS)
  • foreign direct investment (FDI)
  • foreign portfolio investment (FPI)
  • data envelopment analysis (DEA)
  • institutional isomorphism

JEL Classification

  • C61
  • F18
  • M41
Accès libre

Human Capital Development and Sustainable Development: Evidence from Nigeria

Publié en ligne: 14 May 2022
Pages: 63 - 76

Résumé

Abstract

The contributions of human capital development in achieving the sustainable development cannot be overemphasized in any economy, this is because investment in education and health has been argued as the strategic impetus for improving the quality of human resources. Against this backdrop, this study investigates the impact of human capital development on the sustainable development goal one (1) – poverty reduction. The study utilizes the Nigerian data combining Johansen Cointegration test, Granger causality test and Fully Modified Least Squares to establish how public investments in both education and health affect poverty reduction in the country between 1981 and 2019. Originating from the findings of this study, both government expenditure on health and capital formation Granger caused poverty reduction in Nigeria. This is a vital signal that human capital development in the form of investment in health of human resources is an important condition for the achievement of the sustainable development goal one (1) – poverty eradication in Nigeria. Similarly, all the selected components of human capital development have positive contributions to poverty reduction in Nigeria. However, the contributions of health expenditures and capital formation are statistically significant. This implies that health expenditures and capital formation have a trickle-down effect on poverty reduction in Nigeria. Therefore, this study recommends the following: any time the Nigerian policymakers want to achieve the sustainable development goal one (1) – poverty reduction, the Nigerian budgetary allocations to education and health sectors should be in tandem with the global benchmark; this would ensure material and human resources that could drive the country towards the sustainable development. The enhancement of educational and health facilities by the policymakers would also bring about improvement in the living standard of the Nigerians.

Mots clés

  • Human Capital Development
  • Poverty Reduction
  • SDGs
  • FMOLS
  • Nigeria

JEL Classification

  • F63
  • I32
  • O15
  • C32

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