Market Policies Research Articles

Unlocking trade potential: gender equality, economic complexity and trade openness in the Developing-8 (D-8) countries

PurposePrioritizing the shift from a traditional economy towards complex integrated economies has been the top priority among policymakers to achieve sustainable development goals (SDGs). Countries involved in economic integration must safeguard their labor markets. The Developing-8 (D-8) is an alliance of economic cooperation including Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey, all of which are among the world’s largest labor-abundant countries but have insufficient attention toward labor market policies, especially in gender roles. This issue motivated this study, which aims to investigate the impact of economic complexity on trade through with the interaction of gender equality.Design/methodology/approachThe annual data for the panel of D-8 countries from 1990 to 2020 were collected. The Driscoll and Kraay (D-K) regression was employed for empirical investigation after observing the presence of autocorrelation, heteroscedasticity and cross-sectional dependency (CSD) across the sample.FindingsFindings show that the economic complexity index (ECI) and gender equality (GE) have a significant impact on trade openness (TO). Moreover, the interaction of GE and ECI strengthens the relationship between ECI and TO. Therefore, both factors worked together to enhance the trading system by supplying the nation with highly sophisticated and complex products.Research limitations/implicationsPolicymakers in D-8 countries should enable equal access to resources, investment and decision-making for both men and women. This leads toward stubble, innovative and complex products that enhance trade and goodwill in the international market.Originality/valueThis study incorporated GE as an interaction term in economic complexity and TO in D-8 countries for the first time, to the best of the authors' knowledge.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-11-2023-0908

Work inclusion of marginalised groups in a troubled city district—How can active labour market policies improve?

Work inclusion of marginalised groups in a troubled city district—How can active labour market policies improve?

Structural policies, FDI and economic stability effects on employment elasticities: case of emerging economies

The focus of this paper is centred on distinguishing between labour and product market policy ( Lmp and Pmp ) indicator’s role to empirically examine if foreign direct investment (FDI) and economic stability (GDPG volatility) effect the employment’s sensitivity to output fluctuations in 44 countries from Africa and Middle East Area over the period of 2000–2017. To address this objective, in the first step we provide by OLS the cross-sectional employment elasticities. Then, unlike previous studies, which are based only on linear specifications, this paper propose different nonlinear specifications to assess the floating marginal effect of the structural indicators. In a third step, each augmented nonlinear model is used to deduce the role of macroeconomic indicators. Based on U- or N-shaped floating marginal effect of only a single structural labour or product market policy ( Lmp or Pmp ), the Lmp indicator is found to have the important increasing impact on employment elasticities which depends on the initial policy condition. Based on augmented cubic model, to maximise employment responsiveness, structural policies have to be complemented by macroeconomic stability policies. Furthermore, the estimations confirm that FDI triggers aggregate employment elasticities and then employment follows the FDI promotions.

Global carbon neutrality and China's contribution: The impact of international carbon market policies on China's photovoltaic product exports

China's photovoltaic (PV) product exports satisfy the renewable energy demand for international carbon market construction, contributing to the global carbon neutralization process with China's power. Based on the panel data of PV trade from 2000 to 2020, this paper empirically investigates the impact of global carbon market policies on China's PV product exports and its potential impact mechanism using a multi-period DID model. The study results show that (1) International carbon market policies significantly promote the export of Chinese PV products. (2) Mechanism analysis shows that two essential transmission channels are increased demand for renewable energy and reduced consumption of traditional fossil energy in carbon market countries. (3) Carbon market maturity strengthens the positive effect of the international carbon market on China's PV product exports. (4) Further research finds that international carbon market policies affect China's PV exports more pronounced in high-income, trade-friendly, and high-technology countries. The results of this paper reveal the vital contribution of China's PV industry in promoting global climate governance and environmental protection and provide some insights into how to promote and improve the shared prosperity and sharing of the renewable energy industry in the context of global carbon neutrality.

Supporting the right workplace experience: a dynamic evaluation of three activation programmes for young job seekers in Slovakia

This paper investigates three alternative active labour market policy programmes available to young job seekers in Slovakia who were registered in 2011. All of the programmes facilitate gaining work experience and share a comparable design; however, they differ mainly in the collected workplace experience and the composition of participants. Using administrative data, we first explore the selection into each programme; second, we estimate the treatment effects on job seekers’ postparticipation absence from the registry of the unemployed. For this we argue that we have sufficiently rich data to control for selection into programs. We use a dynamic estimator and report the average treatment effects of participation in different periods between the sixth and fifteenth month after starting unemployment. For participation in earlier stages of unemployment, we confirm differences in the programmes impacts, with patterns described by previous literature; workplace experience collected in either the private sector or in a regular workplace appears to improve the chances of absence from registered unemployment of young job seekers relatively more than does participation in a public works type of programme. When compared later in the unemployment spell, the between-programme differences level out. Despite its ambivalent average impact, the public works type of programme positively impacts specific subgroups of participants.

The differential impact of evidence types in policy decisions: comparing evidence priorities in employment and education ministries

ABSTRACT Evidence-based policy-making has received increasing attention among governments in recent decades. However, comparative research examining patterns of evidence impact and administrative priorities for different forms of evidence remains scarce. In response, this article investigates the impact of different evidence types in two Danish ministries – the Ministry of Employment and the Ministry of Children and Education – characterized by similar analytical capacities but different strategies and criteria for prioritizing and using evidence. Applying a novel document matching method to analyze 1159 research publications and policy decisions from 2015–2021 about Danish active labor market policies and public school policies, the article shows how causal effect evidence has to a greater extent influenced policy decisions in the Ministry of Employment than in the Ministry of Children and Education. The article proposes that the observed variation between the policy domains can be attributed to ministerial evidence strategies, shaping administrative perceptions of the relevance and usefulness of different types of evidence. Based on the results, the article discusses the implications of prioritizing particular evidence types in ministries, considering variations between study designs and their appropriateness for different policy needs and purposes.

The Emission-Reduction Effect of Green Demand Preference in Carbon Market and Macro-Environmental Policy: A DSGE Approach

Along with the new stage of prevention and control of the COVID-19 pandemic and the vision and goals of combatting climate change, the challenges of the transition to a green economy have become more severe. The need for green recovery of the economy, stability and security of energy production and consumption, and the coordination of low-carbon transformation and socio-economic development has become increasingly urgent. This paper proposes a new theoretical framework to study the effect of carbon emission reduction on the mutual application of the carbon market, fiscal policy and monetary policy under the non-homothetic preference of energy product consumption. By constructing an environmental dynamic stochastic general equilibrium (E-DSGE) model with residents’ non-homothetic preferences, this paper finds that coordinating the carbon market and macroeconomic policies can achieve economic and environmental goals. However, the transmission paths for each are different. The carbon market influences producers’ abatement efforts and costs through carbon prices. Monetary policy controls carbon emissions by adjusting interest rates, while fiscal policy controls carbon emissions by adjusting total social demand. Improving non-homothetic preferences will amplify business cycle fluctuations caused by exogenous shocks, thus assuming the role of a “financial accelerator”. Further research shows that non-homothetic preferences influence the heterogeneity of different policy mixes. Finally, this paper discovers that the welfare effects, the relative size and difference of long-term and short-term effects resulting from the different policy mixes, also depend on the level of non-homothetic preferences. The intertemporal substitution mechanism due to the improvement of non-homothetic preferences endows low-carbon production with “option” characteristics. Our study reveals the role of non-homothetic preferences on the effectiveness of policy implementation. It highlights the importance of matching monetary and fiscal policies with the carbon market based on the consumption and production side. It provides ideas for policy practice to achieve the goal of “dual carbon” and promoting coordinated socio-economic development.

Local labour markets, workforce planning and underemployment

Underemployment in the UK and other European economies – that is people looking for a new job with longer hours, or wanting longer hours in their current job – has risen since the 2008–9 financial crisis. This article informs policy debates on how underemployment can be addressed in the UK. It deploys a mixed methods research design, which is necessary to identify how labour market conditions shape workforce planning, including establishment-level labour hoarding over a variety of temporal scales through underemployment. The authors analyse quantitative data identifying greater underemployment risks in less productive local economies and ‘slacker’ local labour markets (but note complex differences across rural and urban areas). They complement this with qualitative data drawing on exploratory interviews with employer representatives and identify the potential importance of both labour market conditions and business models in shaping workforce planning decisions that affect underemployment risks. The authors discuss priorities for labour market and employment policy.

PENGARUH DIFERENSIASI PRODUK, DIGITAL MARKETING DAN KEBIJAKAN HARGA TERHADAP KEPUTUSAN WISATAWAN MENGINAP DI THE COMPASS ROSE UBUD

AbstractThe tourism industry is an important sector in national development. Bali is a province in Indonesia which is well known for having extraordinary tourism potential. Hotel is an accommodation facility that provides lodging facilities as well as food and beverage services which are commercial in nature and are growing rapidly. The beauty of the beaches in Bali can be an added value for the hotel itself and an attraction for tourists who will stay at that place. The purpose of this study is to analyze the effect of Product Differentiation, Digital Marketing and Pricing Policies on Tourist Decisions di The Compass Rose Ubud.The research location is The Compass Rose Ubud Bali. The method of determining the sample using the method purposive sampling. The sample of this research is consumers or customers who are aged 17 years and over as many as 110 respondents. The analysis technique used is multiple linear regression analysis.The results of the study show that product differentiation has a positive and significant effect on tourists' decisions at The Compass Rose Ubud. Digital marketing positive and significant effect on tourists' decisions The Compass Rose Ubud. Pricing policy has a positive and significant effect on tourist decisions. Product differentiation, digital marketing and price policy has a positive and significant effect on tourists' decisions The Compass Rose Ubud. Differentiation variables the product has the most dominant influence on tourists' decisions at The Compass Rose Ubud.

Debt, bubble policy, and the role of the repo market in the Federal Reserve’s management of capitalism in crisis

In the last decade, repurchase-agreements (repos) between banks and financial institutions have grown significantly as banks systemically low on cash see repos as the cheapest, safest, and quickest way to get the funding they need for running regular services. However, hikes in interest rates by the Federal Reserve since March 2022 have increased the cost of interbank borrowing. This causes stress on many banks, and ultimately, brings into question the financial system’s long-term reliance on repos and other obscure short-term funding methods. Awareness of the Fed’s repo market policy, and their monetary policy in general, ought to matter to political economists and workers alike because it reveals precisely how the economy is controlled by a few levers inside the marriage between state and finance capital. Consequently, in this article I outline the repo market and its significance to the Fed’s management of economic crises. This requires a relative understanding of their general monetary policy, which in itself requires significant material economic contextualizing. It is this context that ultimately matters most, and which will therefore be the focal point of discussion. Only after such contextualization does the discussion end with a word on the rise of repos, the risks of increased reliance on it, and possible future directions from the perspective of both capital and labor.

Bildungspolitik ist Arbeitsmarktpolitik

Abstract Based on empirical evidence, we argue that recent declines in the basic skills of German pupils are highly concerning from a labour market policy perspective. High-quality schooling is crucial for meeting the demands of a changing labour market, as it provides new cohorts of workers with basic and self-productive skills and facilitates the acquisition of more complex skills and lifelong meta-competences. Therefore, education policy must be seen as an integral part of labour market policy. However, there is a distinct lack of communication and coordination between labour and education policy in Germany, due to misaligned incentives and fragmented responsibilities. Recent reforms provide hope that the necessary capacity building can be achieved.

On the partial impact of uncertainties on the nexus between macroeconomic fundamentals in West Africa

We investigate the degree of interconnectedness between stock returns and exchange rate returns, and the influence of some selected global uncertainty indices on such a relationship within a time-frequency domain in West Africa through the bi and partial wavelet approaches. The analysis was based on monthly observations from February 2013 to June 2023. The results highlight a negative correlation between stock return and exchange rates. The partial wavelet analysis evidence a significant effect of the global economic policy uncertainty, the implied oil market volatility, and the United States volatility index in driving the co-movements observed in the currency and stock markets. We also find a significant impact of the stock market on the currency market, underscoring the need for robust stock market policies. It is recommended that policymakers prioritize strategies aimed at boosting stock market stability and depth which can positively affect the currency markets. The significant influence of global uncertainties or shocks should not be disregarded in the formulation of policies regarding exchange rates and stock return integration at various investment horizons.

The Impact of Digital Marketing on Consumer Behaviour

Abstract The use of communication techniques in marketing has become a fundamental component of effective marketing policy, representing an element of differentiation from the competition, which leads to obtaining, on the one hand, a competitive advantage, and on the other hand, to the consolidation of a long-term relationship with the consumer, ultimately determining their loyalty, with a notable effect on the financial outcomes of the organization. The selection of appropriate communication tools and channels, tailored to the interests of the targeted consumer segment requires a considerable effort on the part of marketers in the direction of deciphering consumer behaviour, understanding the influencing factors that shape it in the current economic and social climate, in which the use of digital technologies represents the most suitable means of initiating and conveying messages to consumers, as well as from consumers to the organization. The present study aims to emphasize the importance of using digital communication tools on the orientation of the purchase decision towards the products/services of an organization, without excluding, however, the need for an adequate use of traditional marketing communication tools. In the present article, the impact on consumer behaviour is analysed based on research from secondary data sources.

Markets and morality: how markets shape our (dis)regard for others

Abstract Scholars since Hume and Smith have debated possible causal connections between market experiences and moral beliefs. Here, we study the impact of market interactions on utilitarian versus deontological values, charitable donations, and whether individuals have differential in-group/out-group moral views. We randomly assign workers residing across several nations of varying income levels to different market conditions and found that, in low-income nations, tournament-based compensation increased deontological commitments, especially toward out-group members, and donations by productive workers, but decreased donations by less productive workers. In higher-income nations, the effect on deontological commitments reversed, while effects on out-group attitudes and donations became insignificant. These findings suggest that if utilitarian attitudes lead to more market-oriented policies, then multiple steady states arise wherein some countries sustain high levels of utilitarian attitudes and economic growth alongside progressively weakening deontological commitments and interpersonal regard for others, putting economic rationality and liberal moral development at odds.

Le futur du métier de traducteur face à la révolution numérique : préoccupations et perspectives pour les bilingues

The Future of The Translation Profession in The Age of Digital Revolution: Concerns and perspectives for bilingual professionals The digital revolution has caused a significant shift in labour market policies across all sectors. The rapid advancement and widespread adoption of software and IT tools have led to an increased risk of job displacement for skilled professionals, as these tools enable even non-experts to perform tasks traditionally handled by specialists. This study explores the potential threat to employment faced by professional translators due to these technological advancements. The rise of artificial intelligence and machine translation (MT) has encouraged many bilingual individuals to enter the translation field, a trend that has raised concerns among linguistic researchers. These technological developments have also cast doubt on the value of language experts. This research addresses key questions: To what extent is the future of professional translators at risk? Do professional translators face significant competition in the Information Age? To answer these questions, this study employed both quantitative and qualitative research methods, including field data collection from bilinguals and professional translators. Questionnaires were administered first to bilinguals to gauge their motivations and then to professional translators to understand their concerns and perspectives. The data analysis provided clear insights that supported the study's hypotheses. The research suggests that professional translators may face substantial unemployment risks in the future. This is largely attributed to the increasing involvement of bilinguals in the field, driven by the proliferation of machine translation tools. The study highlights the relevance of connectivism and job prospection theories in understanding the challenges faced by professional translators and in addressing the rise of bilinguals in the workforce.

"Eco-conscious appetites: Investigating organic food purchase intentions through consumption values, empowered by environmental self-identity and analyzed using MGA – Baltic insights"

Growing consumer interest in organic food has attracted the attention of the academic community. While the existing literature broadly examines the acceptability of organic food, there is a recognized need to delve deeper into consumer values. This study fills this gap by applying the theory of consumer values. The data was collected as part of a survey of 1000 Lithuanian consumers to evaluate the proposed hypotheses empirically. The results show that functional value (quality), social value, conditional value, emotional value, and epistemic value positively influence purchase intention for organic food. Conversely, functional value (price) does not significantly impact the purchase intention of organic food. Furthermore, the study recognizes a significant moderating impact of environmental self-identity in shaping the relationship between conditional value, emotional value, and purchase intention of organic food. In addition, a multi-group analysis examines notable differences between consumer groups based on gender, education, age, and income. The results indicate significant group differences, showing that purchasing behavior among women, younger consumers, those with higher incomes, and those with higher education levels are more susceptible to these values. This research improves our understanding of consumer values regarding organic food in Lithuania and provides valuable guidance to managers and policymakers. By recognizing the intricate interplay between different values and the influence of environmental self-identity, stakeholders can better tailor their marketing efforts and policies to meet the unique preferences of different consumer groups, ultimately promoting the growth of the organic food market.

Ladrill Market Dynamics And Economic Growth : Evidence From Emerging Markets

Labor market dynamics and economic growth are two key components that are interrelated in determining the stability and economic progress of a country. In emerging markets, significant changes in the labor market can affect the overall economic growth path. This research analyzes the relationship between labor market dynamics and economic growth in emerging markets. Using a literature study method, this study collected data from various secondary sources including academic journals, policy reports and relevant case studies during the period 2000-2023. Thematic analysis is used to explore labor market indicators such as the labor force participation rate, unemployment rate, and real wages, and their relationship to Gross Domestic Product (GDP) growth. The research results show that increasing labor force participation and decreasing unemployment rates significantly contribute to economic growth in emerging markets. Additionally, increases in real wages were found to have a positive effect on labor productivity and economic competitiveness. These findings highlight the importance of inclusive and sustainable labor market policies to promote stable economic growth in developing countries. Policy implications and further recommendations are discussed to support effective decision making by policy makers.

Can internet development improve carbon emission efficiency for manufacturing? The role of market integration

Improving carbon emission efficiency of manufacturing is important for promoting low-carbon development and achieving harmonious coexistence between humans and nature. In this study, we use the Global-MinDS model to measure the carbon emission efficiency of China's provincial manufacturing from 2011 to 2020. To do so, we construct a mathematical model to analyze the mechanism of the interaction among internet development, market integration, and carbon emission efficiency of manufacturing. Then, we empirically examine the carbon emission reduction effect of internet development using the Bartik instrument variable method and verify the significance of market integration. Our results show that internet development can significantly improve the carbon emission efficiency of manufacturing, promoting manufacturing low-carbon transformation. Carbon emission reduction effect of internet development is characterized by heterogeneity in market integration, environmental regulation, and policy intensity. This means that the impact of internet development is more pronounced in lower integration regions, higher environmental regulation intensity and in big data comprehensive experimental zone. Intermediate mechanism tests show that internet development can promote market integration by reducing external transaction costs, so as to play a carbon emission reduction effect in the market mechanism. Our study provides empirical evidence for the carbon emission reduction effect of the digital economy and offers valuable references for effectively promoting the low-carbon transformation of manufacturing in China from the perspective of unified market.

A life marked by early school leaving: gendered working life paths linked to health and well-being over 40 years

BackgroundThere is increasing awareness of the need to analyse symptoms of mental ill-health among early school leavers. Dropping out of compulsory education limits access to the labour market and education and could be related to deteriorating mental health over the course of a lifetime. The aim of this longitudinal study is to explore how early school leavers not in education, employment or training (NEET) narrate their working life trajectories linked to health, agency and gender relations.MethodsTwelve early school leavers in the Swedish Northern Cohort (six women and six men) were interviewed over 40 years about their working life and health. Their life stories were analysed using structural narrative analysis to examine the evolution of their working life paths and to identify commonalities, variations and gendered patterns.ResultsAll the participants started in the same position of “an unhealthy gendered working life in youth due to NEET status”. Subsequently, three distinct working life paths evolved: “a precarious gendered working life with negative health implications”, “a stable gendered working life in health challenging jobs” and “a self-realising gendered working life with improved health”. Agency was negotiated through struggle narratives, survival narratives, coping narratives and redemption narratives.ConclusionsEven in a welfare regime like Sweden’s in the early 1980s, early school leavers not in education, employment or training experienced class-related and gendered working and living conditions, which created unequal conditions for health. Despite Sweden’s active labour market policies and their own practices of agency, the participants still ended up NEET and with precarious working life paths. Labour market policies should prioritise reducing unemployment, combating precarious employment, creating job opportunities, providing training and subsidised employment in healthy environments, and offering grants to re-enter further education. Our study highlights the need for further analyses of the contextual and gendered expressions of health among early school leavers throughout their lifetime, and of individual agency in various contexts for overcoming adversities.

Research on Trade Risk and Preventive Measures of Domestic Anti-wear Hydraulic Oil Products

With the acceleration of global economic integration, the international trade activities of domestic anti-wear hydraulic oil products continue to increase, and the trade risks of chemical products such as anti-wear hydraulic oil products brought by export are also highlighted. In order to prevent the trade risk of domestic anti-wear hydraulic oil products, this paper puts forward some strategies, such as strengthening market research, implementing diversified market strategy, strengthening communication with international partners and establishing trade risk early warning mechanism, to solve the problems of unstable market demand, price fluctuation, trade barriers and policy risk faced by the trade of domestic anti-wear hydraulic oil products. In order to provide a useful reference for ensuring the stability and sustainable development of China's anti-wear hydraulic oil industry and further enhancing national economic security.