Process Of Market Integration Research Articles

Research on the Impact of Integration of Factor Markets in the Yangtze River Delta Region on High Quality Economic Development

The Yangtze River Delta region is the region with the strongest economic strength and the most intense inter provincial competition in China. While achieving rapid economic growth, there has also been a serious phenomenon of industrial structure convergence. Promoting high-quality development in the Yangtze River Delta region should start with promoting and supporting market integration in the region. To achieve the dual integration of "integration" and "high-quality" development, we cannot only focus on one aspect. The integrated development strategy of the Yangtze River Delta market is no longer only related to the economic development of the region, but also to the strategic choice of the overall national economy. A correct understanding of the development process and current situation of market integration in the Yangtze River Delta is beneficial for each region to clarify its own positioning and develop the optimal economic growth strategy for the region according to local conditions. It has important theoretical and practical significance for achieving regional coordination and narrowing regional differences. This article will study the impact mechanism of market integration in the Yangtze River Delta region on high-quality economic development from the perspective of factor markets and propose corresponding countermeasures and suggestions.

Unpacking “the system”: Multi‐level governance gaps in the labour market integration of highly skilled refugees

AbstractA plethora of government‐ and non‐government actors are involved in the labour market integration of highly skilled refugees, forming a complex “system” that is difficult to navigate for integration actors and refugees. Based on interviews with 32 labour market integration actors in Sweden, this article examines multi‐level governance gaps in the wake of the simultaneous centralization and decentralization of labour market preparation services. It examines various “steps” in the labour market integration process to gain a more holistic perspective of “the system”, and identifies governance gaps in each step. The article finds that the devolution of services has opened up participatory spaces for non‐government actors, but narrowly defined mandates and short‐term funding mechanisms hamper cooperation within and between territorial levels of policy implementation.

A study on the co-movement and influencing factors of stock markets between India and the other Asia–Pacific countries

PurposeThe aim of this study is to examine the nature and determinants of stock market integration between India and other Asia–Pacific countries (Malaysia, Hong Kong, Singapore, South Korea, Japan, China, Indonesia, the Philippines, Thailand and Taiwan) over the period 1991–2021.Design/methodology/approachUnit root tests, the dynamic conditional correlation-Glosten Jagannathan and Runkle-generalized autoregressive conditional heteroscedasticity (DCC-GJR-GARCH), pooled ordinary least squares (OLS) regression and random effects models are employed for the analysis.FindingsThe empirical results show that the DCC between each pair of sample countries is less than 0.5, indicating weak ties between the pairs of sample countries. Also, the DCC between India and other Asia–Pacific stock markets is positive and low, implying low level of integration. The correlation between India and China stock markets is found to be the highest, implying significant level of integration. The main reason for it would be strong economic linkages and bilateral trade relationship between India and China. Moreover, gross domestic product (GDP), interest rate (IR), consumer price index (CPI)-inflation and money supply (MS) differentials are the major driver of stock market integration between India and other Asia–Pacific countries.Practical implicationsThe findings of the study have important implications for investors, portfolio managers and policymakers. It is found that the DCC between India and other Asia–Pacific countries (considered in the study) except China is low, which indicates weak ties between the pairs of sample countries. This implies that the Indian stock market provides good investment opportunities for foreign investors. Also, investors and portfolio managers can attain more diversified benefits and can minimize country risk by investing across Asia–Pacific countries. Further, knowledge about the factors that integrate the Indian stock market with the other Asia–Pacific stock markets will help policymakers frame suitable economic and financial stabilization policies.Originality/valueThis study contributes to the extant literature: first, by examining the linkages of Indian stock market with other Asia–Pacific countries; second, although previous studies confirmed the existence of linkages among the various stock markets, few researchers pay attention to the factors driving the process of stock market integration. This study provides additional evidence by examining the significant macroeconomic factors driving the process of such integration in the Asia–Pacific region considered under the study.

Better together? Student's benefits of educational market integration

Educational market integration have become a common practice in various countries, changing potentially student's application and enrollment behavior. We implement a difference-indifference estimation exploiting student's geographic exposure to market integration in Chile to understand student's gain and losses from this process. Using administrative data, we show that the market integration process has no effect on overall university enrollment but changes the enrollment composition: new platform institutions increased enrollment and old ones decreased. The reduction in application costs and the release of additional information, particularly historical cutoff data, seem to play a more significant role in shaping these dynamics than the congestion reduction. Heterogeneity analysis shows that low-income students enrollment increase, reflecting application barriers to decentralized admission institutions and implying gains in equity and efficiency of the system.

The contribution of informal learning in the integration process of immigrants into the labour market: Individual and organisational perspectives in selected sectors

AbstractIn Germany and Canada, the integration of immigrants into the labour market is closely related to the various approaches towards the recognition and validation of informal learning. This paper aims to analyse the informal learning measures undertaken by immigrants as well as those offered by employers in the health and information and communication technology sectors during the labour market integration process. The study focused on nurses as well as IT project managers and programmers. The comparison focuses on the occurrence and quality of the four dimensions of the dynamic model of informal learning from an individual and an organisation perspective. The results show similarities between these two perspectives regarding the relevance of the four dimensions in the integration of immigrants into the labour market. In addition, clear differences between the two investigated sectors as well as country‐specific differences appear.

Research on the Impact of Market Integration on Regional Productivity: A Spatial Econometric Approach for Chinese Regions

The process of market integration has a profound impact on regional output activities. This paper discusses the impact mechanism of market integration on regional productivity. Using China’s province-level panel data from 2006 to 2019, a spatial econometric model is constructed to empirically analyse the actual impact of China’s market integration process on regional productivity at this stage. The empirical study found that the spatial distribution of China’s regional productivity at the current stage exhibits the agglomeration characteristics of “high in the east and low in the west”. The process of market integration can not only significantly promote the productivity of the region, but also have a significant positive impact on the productivity of geographical and economic neighbouring regions. The subregional empirical results show that the marginal impact of the market integration process on productivity in different regions is heterogeneous, showing that the marginal impact on the eastern and coastal regions is stronger than that in the central and western regions. Altogether, this study provides empirical evidence of the positive impact of market integration on regional productivity in the spatial dimension, having significant implications for regional coordinated and sustainable development.

The main directions and prospects for the development of insurance law in the conditions of modern market relations

The article is devoted to the study of the prospects for the development of insurance law in the conditions of transformation of market relations and integration processes. The purpose of writing this article is to identify the main directions of development of insurance law in modern conditions of development of market relations in the context of integration within the EAEU. The author puts forward the position that insurance law is at the stage of formation as a complex branch of law. This is confirmed by the conclusions of the author set out in the article. A comprehensive analysis of the theoretical provisions and the system of modern insurance legislation allowed the author to formulate the ways of development of insurance law in the system of Kazakh law in modern conditions of development of market relations in Kazakhstan. The theoretical and practical significance of this article lies in the possibility of using theoretical results when conducting further research in the field of insurance law. The approbation of the conclusions set out in the article will allow to coordinate the theoretical provisions of insurance law and the directions of research in the field of insurance legal relations.

Effects of Posttraumatic Stress Disorder and Mental Disorders on the Labor Market Integration of Young Syrian Refugees.

Civil war experience in the Syrian home country, insecurity and critical life events during migration, or adverse events in the receiving country might affect refugees' mental health. This paper addresses the effects of psychological distress and mental disorders on refugees' labor market integration in Germany between 2016 and 2021. We employ survey data from about 2700 young Syrians, delivering information on individuals' experience of migration and arrival in Germany in 2016. The survey data were successfully merged with register data, delivering detailed information regarding individuals' process of labor market integration and employment status from 2016 to 2021. Overall, the labor market integration of young refugees improved remarkably over time. In 2021, about 69% of the study population was integrated in a wider sense, and 30% was employed in fulltime contracts in 2021. However, the results indicate long-lasting effects of PTSD and mental disorders on individuals' labor market integration, whilst individuals' characteristics related to migration and arrival lose relevance over time and hardly affect labor market integration around five years after arrival. High PTSD scores in 2016 indicate a significantly reduced full-time employment probability in 2021. Anxiety and depression show significant negative effects on individuals' labor market integration, but with a less severe impact compared to a PTSD diagnosis.

Agricultural Transformation in the Rural Farmer Communities of Stung Chrey Bak, Kampong Chhnang Province, Cambodia

This paper examines the processes of agricultural transformation and their impacts within six rice farming communities in Cambodia. For this, we explored four drivers of agricultural transformation: (1) market integration, (2) modern technologies, (3) household assets, and (4) institutional-policy processes. The paper employs qualitative methods, using document analysis on the policy literature and datasets, field observations, focus groups, and key informant interviews in six rice farming communities in the Stung Chrey Bak Commune, Kampong Chhnang Province. Herein, we analyze the processes of agricultural transformation that shape farmer livelihoods and contribute to the literature regarding the dynamic and uneven politics of implementing the green revolution. Our findings show that agricultural transformation in the six rice farming communities has had mixed results. While the transitions have improved household income, they have also led to insecurity, with potential impacts on the long-term sustainability of the rice-production sector. These include higher input costs, fluctuating rice revenues, and environmental impacts from increased chemical use. We show that greater support is needed in these farming communities in order to achieve sustainable rice production going forward, particularly in light of climate change, indebtedness, and the migration of young labor to off-farm employment, leading to aging farmer populations.

Taboos, food avoidances, and diseases: Local epistemologies of health among Coastal Endenese in Eastern Indonesia

To advance interventions targeting malnutrition among small-scale fishing societies, knowledge on the role played by taboos and dietary avoidances on the consumption of fish related products becomes crucial. The article builds upon ethnographic fieldwork (participant observation, focus groups and interviews), dietary questionnaires (n: 112), and archival research among Coastal Endenese in Eastern Indonesia to understand the role played by taboos and dietary preferences in regulating intake of marine products. Moving beyond binary notions of “good” and “bad” when considering the food-system implications of taboos, it explores how local beliefs about illness and food shape dietary practices that can have concrete consequences for an individual's health. Endenese consider fish as having originated from terrestrial creatures, creating a continuous cycle of movement from land to sea and back. Within this cosmology, food is seen as a medium that can bring about healthy outcomes but also disease. Results emphasize the need to understand taboos and food avoidances within the larger cosmological and religious system but also underscore the changing nature of dietary preferences and values due to market integration processes which may have long-term repercussions on health. This information is key to the design of culturally sensitive dietary strategies and alternative livelihoods approaches that seek to minimize poverty.

ІНТЕРГАЦІЯ УКРАЇНИ У СВІТОВИЙ РИНОК ПРАЦІ

The article examines the international labor market and presents the place of Ukraine in its system. The main reasons and the main factors that determine the strengthening of the territorial migration of the population are shown. The problems of migration processes caused by the economic crisis, unemployment, low living standards of the population and political instability are considered. The influence of socio-economic processes of labor market integration through the activation of the activities of transnational corporations, the development of offshoring and foreign trade, and the strengthening of labor migration is studied. Special attention is paid to the effects of these processes on the development of the national labor market. The results of the study can be used for further analysis of the peculiarities of Ukraine’s integration processes into the global labor market. A characteristic feature of the modern world economic system is the uneven distribution of labor and production capacity within national economies. Thus, in particular, in some countries or often entire regions with a high level of natural population growth, there is a low level of production, which leads to the formation of a stable unemployment rate (for example, countries in Africa, Southeast and Central Asia), and, conversely, a number of countries with low levels of natural population growth, such as most countries in Western Europe and North America, are characterized by a high level of production, which reveals the problem of labor shortages. This factor, as well as the differentiation that accompanies it, in the level of remuneration are fundamental in the formation of international migration flows of labor in the modern world economy.The emergence of the opening of the Ukrainian society will surely attract more involvement of Ukraine in the international economy by a lot of force. The transition to market economics creates real minds for the development of the labor market. One of the important features of the state is the rapid growth of migratory practices both within the country and abroad.The state of market activity is carried out in the minds of acute crisis phenomena in economic, sociological and political life. The market transpartnership of Ukraine's ecology is carried out extremely unsubstantiatedly, which will lead to the emergence of negative phenomena, deepening of the state of haos. The feeling of the country's population neglecting is caused by two factors that threaten the physical and economic security: the unprecedented rise of banditry and the impending mass unemployment.

The effects of lifestyle change on indicators of cardiometabolic health in semi-nomadic pastoralists.

Non-communicable disease risk and the epidemic of cardiometabolic diseases continue to grow across the expanding industrialized world. Probing the relationships between evolved human physiology and modern socioecological conditions is central to understanding this health crisis. Therefore, we investigated the relationships between increased market access, shifting subsistence patterns and cardiometabolic health indicators within Daasanach semi-nomadic pastoralists who vary in their engagement in traditional lifestyle and emerging market behaviors. We conducted cross-sectional socioecological, demographic and lifestyle stressor surveys along with health, biomarker and nutrition examinations among 225 (51.6% female) Daasanach adults in 2019-2020. We used linear mixed-effects models to test how differing levels of engagement in market integration and traditional subsistence activities related to blood pressure (BP), body composition and blood chemistry. We found that systolic and diastolic BP, as well as the probability of having high BP (hypertension), were negatively associated with distance to market, a proxy for market integration. Additionally, body composition varied significantly by socioeconomic status (SES), with significant positive associations between BMI and body fat and higher SES among adults. While evidence for evolutionary mismatch and health variation have been found across a number of populations affected by an urban/rural divide, these results demonstrate the effects of market integration and sedentarization on cardiometabolic health associated with the early stages of lifestyle changes. Our findings provide evidence for the changes in health when small-scale populations begin the processes of sedentarization and market integration that result from myriad market pressures.

The impact of market integration on arranged marriages in Matlab, Bangladesh.

Success in marriage markets has lasting impacts on women's wellbeing. By arranging marriages, parents exert financial and social powers to influence spouse characteristics and ensure optimal marriages. While arranging marriages is a major focus of parental investment, marriage decisions are also a source of conflict between parents and daughters in which parents often have more power. The process of market integration may alter parental investment strategies, however, increasing children's bargaining power and reducing parents' influence over children's marriage decisions. We use data from a market integrating region of Bangladesh to (a) describe temporal changes in marriage types, (b) identify which women enter arranged marriages and (c) determine how market integration affects patterns of arranged marriage. Most women's marriages were arranged, with love marriages more recent. We found few predictors of who entered arranged vs. love marriages, and family-level market integration did not predict marriage type at the individual level. However, based on descriptive findings, and findings relating women's and fathers' education to groom characteristics, we argue that at the society-level market integration has opened a novel path in which daughters use their own status, gained via parental investments, to facilitate good marriages under conditions of reduced parental assistance or control.

Religiosity is associated with greater size, kin density, and geographic dispersal of women’s social networks in Bangladesh

Human social relationships, often grounded in kinship, are being fundamentally altered by globalization as integration into geographically distant markets disrupts traditional kin based social networks. Religion plays a significant role in regulating social networks and may both stabilize extant networks as well as create new ones in ways that are under-recognized during the process of market integration. Here we use a detailed survey assessing the social networks of women in rural Bangladesh to examine whether religiosity preserves bonds among kin or broadens social networks to include fellow practitioners, thereby replacing genetic kin with unrelated co-religionists. Results show that the social networks of more religious women are larger and contain more kin but not more non-kin. More religious women’s networks are also more geographically diffuse and differ from those of less religious women by providing more emotional support, but not helping more with childcare or offering more financial assistance. Overall, these results suggest that in some areas experiencing rapid social, economic, and demographic change, religion, in certain contexts, may not serve to broaden social networks to include non-kin, but may rather help to strengthen ties between relatives and promote family cohesion.

Nice work if you can get it: Labour market pathways of Belgian service voucher workers

Seen as an alternative to precarious, informal work or no job at all, several European countries have started to use tax money to boost the demand for domestic services. This article asks whether this makes sense. We consider the case of the heavily subsidized and highly popular service voucher scheme in Belgium. Close to a quarter of households there employ domestic service workers under the scheme, making it in relative terms the largest scheme of its kind in Europe. The workers employed under the scheme enjoy extensive labour and social security rights. Does the service voucher scheme provide a model to be followed if we care about labour market exclusion and precariousness or is this a case of institutionalized second-tier work? To that end we trace workers’ labour market pathways over a considerable length of time. We find that a substantial share of women find a way out of vulnerable labour market situations through the scheme. However, a very significant number enter from steady employment. This is clearly at odds with the original objective of offering a stepping stone to women with a precarious labour market position. The scheme also plays an ambivalent role in the labour market integration process of immigrant newcomers. At least in part, the Belgian scheme can be seen as a case of policy overshooting. We suggest some potential improvements.

Southern Cone Student Movements and Capitalist Development in The Late 1800s and Early 1900s: A "New Social Movement Theory" Approach

This paper explores the “new social movement” features of the Argentinean, Chilean, and Uruguayan student movements of the late 1800s and early 1900s. In doing so, it wrestles with two questions. First, why do such features, widely associated with post-industrial societies, appear at this relatively early stage of capitalist development? Second, what does their presence at that time suggest about the explanatory power of new social movement theory? The paper agrees with new social movement theorists’ contention that capitalism shapes the character of social movements but argues that the focus of the analysis should not be on development stages but rather on the impact of rapid global market integration processes, which have occurred at different times since the rise of capitalism. Such an approach illuminates why capitalist development may yield similar collective action patterns across different historical periods.

Measuring the relative development and integration of EU countries’ capital markets using composite indicators and cluster analysis

The paper proposes a set of metrics and a methodology to measure the progress that European Union Member States are making towards the development and integration of capital markets. It identifies a set of indicators and analyzes the performance of these countries over the 2007–2018 period using a composite indicator approach (in both a static and dynamic environment), based on the six priorities related to achieving a well-functioning and integrated European capital market included in the European Commission Capital Markets Union Action Plan. The author uses robust clustering to identify groups of countries and tracks their development over time. He finds that the process of capital market development and integration process has started but is not completed and that it is mainly associated with countries’ adherence to European increasing trends driven by the benchmarks rather than the policy actions of countries aimed at catching up with the best performers.

Haredi labor market integration policy in a neoliberal environment

ABSTRACT Over the past several decades, welfare states across the developed Western world, including Israel, have adopted differential employment policies for disadvantaged marginal populations that perform poorly in the labor market and are underrepresented in it. The intensive and rapid shift from Keynesian welfare policy to a more economical and efficient neoliberal approach sparked great turbulence in Israel's labor market, leaving broad swaths of the country's marginal populations outside of the capitalistic post-scarcity economy. In this article, we examine third-sector initiatives and governmental employment policies aimed at integrating and advancing Haredim (ultra-Orthodox Jews) in the Israeli labor market. We also explore the tension between welfare, with its associated benefits and governmental assistance mechanisms, and the neoliberal approach, with its reliance on economic efficiency tests. The article looks at how the Haredi sector's labor market integration process has evolved. We aim to understand parallel developments between the processes outlined by the state and the Haredi community's socioeconomic needs under a neoliberal regime that prizes competition, achievement, and materialism – a regime in which social institutions are being reshaped, adjusted, and disciplined in accordance with market-oriented principles. We will examine the forces working behind the scenes to integrate Haredim in the economy and in society as a whole – the top-down policy forces striving to increase Israeli economic output, and the bottom-up internal-civic forces that want to create normative and economically feasible alternatives to the Haredi “society of learners” that developed under welfare-state auspices. The article seeks to answer three main questions in light of the aforementioned processes: How did the shift from a Keynesian welfare state to state workfare contribute to Haredi integration in the Israeli employment market? Who were the key political-social-economic actors and forces that shaped the process of Haredi labor market integration? And finally: how has neoliberal employment policy affected the Haredi community on the gender, spatial (center-periphery), class, and community planes, i.e., has this policy approach helped strengthen the Haredi middle class, and if so, how?

Regional Market Integration in the SADC region: a Comparative Case Study of Botswana and Zambia

Regional market integration is crucial in increasing development for emerging economies. However, research has shown that, in the case of developing countries, the process of market integration faces various obstacles. This study aims to analyse the key determinants of successful market integration for developing countries, as well as to investigate under what conditions some countries may benefit more (or less) than others from market integration, particularly in the SADC region. Based on the existing literature on the main debates and theories on regional market integration of developing countries, this study has used the method of process-tracing to investigate the causal relationship between governance and institutions, market integration and development. The analysis based on this study has found that good and sound policies aimed at increasing domestic capabilities deriving from both public and private governance and institutions is vital in determining relative market integration success. The results indicate that the discrepancies found among SADC Member States hinder the process of regional market integration. On this basis, it is recommended that the linkages between the SADC Member States be strengthened through increased levels of coordination and integration.

Consequences of Covid-19 for Kosovo’s Implementation to V4+

Abstract The article aims to provide a micro- and macro-level of a problem definition focused on Coronavirus crisis impacts on the tourism industry in the V4 countries and the eventual Kosovo integration into the V4 as a part of the Western Balkan 6 (WB6) and Eastern Partnership (EaP) enlargement V4+. The analysis of the primary data and the search for results are based on the Delphi method providing a better explanation of economic, social and market integration processes which fully exploit the opportunities of the content analysis provided by the quantitative and qualitative secondary data. The article offers key guiding criteria for deepening the economic integration into the V4 Group, emphasizing key aspects such as the economic and regional convergence, and the incorporation of diverse social strata into the economic growth process. The article highlights the benefits derived from the full membership of the actual V4 Group in the European Community as well as identifies its powerful strength and stable frame for promoting growth and prosperity. The critical view of the political and economic integration process emphasizes the risks derived from the deepness of divergence across countries and regions.