scholarly journals The Decline of Small Cities: Increased Competition from External Shopping Malls or Long-Term Negative Trends?

2021 ◽  
pp. 016001762110341
Author(s):  
Sven-Olov Daunfeldt ◽  
Oana Mihaescu ◽  
Niklas Rudholm
Keyword(s):  
Fixed Effects ◽  
Labour Productivity ◽  
Shopping Malls ◽  
Small Cities ◽  
Common Time ◽  
Economic Trends ◽  
Time Specific ◽  
The Impact ◽  
City Centres

We use the entry of 17 external shopping malls in Sweden to investigate how they have affected the performance of incumbent firms located in the city centres of small cities. Estimating a traditional fixed effects regression model while controlling for firm-specific heterogeneity, we find that entry by external shopping malls decreased the labour productivity of incumbent firms in city centres by 5.31%. Revenues decrease by 6.62%, while the reduction in the number of employees (0.45%) is small and not significantly different from zero. However, using time-specific fixed effects to control for common time trends in retailing in small cities, we find that the impact on labour productivity, revenues and the number of employees due to the entry of external shopping malls becomes insignificant. Thus, incumbent firms in small cities have a negative development path mainly due to long-term economic trends, possibly because of the combination of urbanization effects and a lack of local investments.

scholarly journals Regulation of Lifelong in Education and İts Economic, Social Benefits

2021 ◽  
Vol 12 (6) ◽  
pp. 1298-1310
Author(s):  
Allahyar Muradov Et al.
Keyword(s):  
Human Capital ◽  
Social Problems ◽  
Labour Productivity ◽  
Economic Benefits ◽  
Social Benefits ◽  
Development Economic ◽  
Knowledge Based ◽  
The Future ◽  
The Impact

Sustainability in education is important in ensuring knowledge-based and innovation-driven development and human capital reproduction. Sustainability is particular important for the prevention of some economic and social problems that may arise in the future and raising the competitiveness of the country. Sustainability - the prevention as some of economic and social problems that may arise in the future is of particular importance in raising the country's competitiveness. The aim of the research is to estimate the economic-social benefits of regulation of sustainability in education and to give the suggestions in the direction of the improvement of the effectiveness of the regulation. The impact of continuity in education on the formation and development of human capital, knowledge-based society building, labour intelligence, competitiveness and the improvement of welfare are assessed cross-country in the article. In particular, in recent years, researches and politicians have analysed the ‘4th industry’ revolution (‘Industry 4.0’) ‘the benefits and losses in the medium and long-term perspective and its interaction with the sustainability of education. Here are two issues: 1) socioeconomic disadvantages of ensuring sustainability in education, 2) socioeconomic advantages of ensuring sustainability in education. Firstly, it is analysed the impacts of increased unemployment, reduction of employment income, declining social security and welfare that will be resulted as problems on economic development. Secondly, it is analysed (ensuring in sustainability condition) the distinguished factors of rapid technological innovation, labour productivity, repatriation of human capital, raising competitiveness on the international level, innovation-based development, economic benefits of knowledge and skills.

scholarly journals IMPACT OF HUMAN CAPITAL DEVELOPMENT ON PRODUCTIVITY GROWTH IN EU MEMBER STATES

2018 ◽  
Vol 16 (0) ◽  
pp. 1-12 ◽  
Author(s):  
Alma Mačiulytė-Šniukienė ◽  
Kristina Matuzevičiūtė
Keyword(s):  
Human Capital ◽  
Fixed Effects ◽  
Panel Data Analysis ◽  
Labour Productivity ◽  
Ordinary Least Squares ◽  
Fixed Effects Model ◽  
Education Expenditure ◽  
Member States ◽  
Eu Member States ◽  
The Impact

In this research, we investigate the impact of human capital on labour productivity in European Union member states using panel data analysis. Results of the paper are estimated using the Pooled ordinary least squares (OLS) and Fixed effects model (FEM). The results show that human capital is positively significant in improving the growth of labour productivity in the EU. Our estimates also suggest that the impact occurs after three times lags in case of education expenditure.

scholarly journals Why are there long waits at English emergency departments?

2019 ◽  
Vol 21 (2) ◽  
pp. 209-218 ◽  
Author(s):  
James Gaughan ◽  
Panagiotis Kasteridis ◽  
Anne Mason ◽  
Andrew Street
Keyword(s):  
Emergency Departments ◽  
Fixed Effects ◽  
Waiting Times ◽  
Poisson Model ◽  
Bed Occupancy ◽  
Term Care ◽  
Delayed Discharges ◽  
A Minor ◽  
The Impact

Abstract A core performance target for the English National Health Service (NHS) concerns waiting times at Emergency Departments (EDs), with the aim of minimising long waits. We investigate the drivers of long waits. We analyse weekly data for all major EDs in England from April 2011 to March 2016. A Poisson model with ED fixed effects is used to explore the impact on long (> 4 h) waits of variations in demand (population need and patient case-mix) and supply (emergency physicians, introduction of a Minor Injury Unit (MIU), inpatient bed occupancy, delayed discharges and long-term care). We assess overall ED waits and waits on a trolley (gurney) before admission. We also investigate variation in performance among EDs. The rate of long overall waits is higher in EDs serving older patients (4.2%), where a higher proportion of attendees leave without being treated (15.1%), in EDs with a higher death rate (3.3%) and in those located in hospitals with greater bed occupancy (1.5%). These factors are also significantly associated with higher rates of long trolley waits. The introduction of a co-located MIU is significantly and positively associated with long overall waits, but not with trolley waits. There is substantial variation in waits among EDs that cannot be explained by observed demand and supply characteristics. The drivers of long waits are only partially understood but addressing them is likely to require a multi-faceted approach. EDs with high rates of unexplained long waits would repay further investigation to ascertain how they might improve.

scholarly journals Does long-term care coverage shape the impact of informal care-giving on quality of life? A difference-in-difference approach

2018 ◽  
Vol 40 (6) ◽  
pp. 1291-1308 ◽  
Author(s):  
Thijs van den Broek ◽  
Emily Grundy
Keyword(s):  
Quality Of Life ◽  
Informal Care ◽  
Fixed Effects ◽  
Long Term Care ◽  
Difference In Difference ◽  
Term Care ◽  
Care Giving ◽  
The Impact

AbstractThe impact that providing care to ageing parents has on adult children's lives may depend on the long-term care (LTC) context. A common approach to test this is to compare whether the impact of care-giving varies between countries with different LTC coverage. However, this approach leaves considerable room for omitted variable bias. We use individual fixed-effects analyses to reduce bias in the estimates of the effects of informal care-giving on quality of life, and combine this with a difference-in-difference approach to reduce bias in the estimated moderating impact of LTC coverage on these effects. We draw on longitudinal data for Sweden and Denmark from the Survey of Health, Ageing and Retirement in Europe (SHARE) collected between 2004 and 2015. Both countries traditionally had generous LTC coverage, but cutbacks were implemented at the end of the 20th century in Sweden and more recently in Denmark. We use this country difference in the timing of the cutbacks to shed light on effects of LTC coverage on the impact care-giving has on quality of life. Our analyses show that care-giving was more detrimental for quality of life in Sweden than in Denmark, and this difference weakened significantly when LTC coverage was reduced in Denmark, but not in Sweden. This suggests that LTC coverage shapes the impact of care-giving on quality of life.

scholarly journals DOES LEVERAGE AFFECT LABOUR PRODUCTIVITY? A COMPARATIVE STUDY OF LOCAL AND MULTINATIONAL COMPANIES OF THE BALTIC COUNTRIES

2012 ◽  
Vol 14 (2) ◽  
pp. 252-275 ◽  
Author(s):  
Mari Avarmaa ◽  
Aaro Hazak ◽  
Kadri Männasoo
Keyword(s):  
Fixed Effects ◽  
Negative Impact ◽  
Labour Productivity ◽  
Multinational Companies ◽  
Debt Overhang ◽  
Baltic Countries ◽  
Local Companies ◽  
The Baltic ◽  
Fixed Effects Regression ◽  
The Impact

This paper investigates the impact of leverage on labour productivity of companies operating in the Baltic countries, with a focus on differences between local and multinational companies. We employ a fixed effects regression model on company level data, covering the period from 2001 to 2008. Our results demonstrate that the impact of leverage on labour productivity is non-linear and it differs dramatically between local and multinational companies. In the case of local companies, at low levels of leverage, an increase in external financing tends to bring along an improvement in labour productivity, while at higher levels of leverage an increase in debt financing appears to result in a loss of labour productivity. For multinational companies, the impact of leverage on labour productivity tends to be more linear and leverage appears to have a negative impact on labour productivity. Although debt overhang is believed to be an issue in the Baltic countries in general, local companies with low leverage might be able to increase labour productivity by additional borrowing.

scholarly journals Long-term Labour Market and Economic Consequences of School Exclusions in England: Evidence from Two Counterfactual Approaches

2021 ◽  
Author(s):  
Joan Eliel Madia ◽  
Ingrid Obsuth ◽  
Harry Daniels ◽  
Ian Thompson ◽  
Aja Louise Murray
Keyword(s):  
Labour Market ◽  
Social Exclusion ◽  
Fixed Effects ◽  
Economic Consequences ◽  
Negative Effects ◽  
School Exclusion ◽  
Steps Survey ◽  
Long Term Impact ◽  
The Impact

Background. Previous research suggests that school exclusion during childhood is a precursor to social exclusion in adulthood. Past literature on the consequences of school exclusion is, however, scarce and mainly focused on short term outcomes such as educational attainment, delinquency, and mental health in early adolescence. Moreover, this evidence is based primarily on descriptive and correlational analysis, whereas robust causal evidence is required to best inform policy.Aims. We aimed to estimate the mid-to-long-term impact of school exclusion on labour market and economic outcomes.Sample. The sample included 6632 young people who at the age of 25/26 in the year 2015 participated in the Next Steps survey of whom 86 were expelled from school and 711 were suspended between the ages of 13/14 and 16/17.Method. Using high quality existing longitudinal data, we utilised four approaches to evaluate the impact of school exclusion: logistic regression-adjustment models, propensity score matching, school fixed-effects analysis, and inverse propensity weighting. The latter two counterfactual approaches were used to estimate causal effects.Results. We found that school exclusion increased the risk of becoming NEET at the age of 19/20, and then remaining economically inactive at the age of 25/26, as well as experiencing higher unemployment risk and earning lower wages also at the age of 25/26.Conclusion. School exclusion has pervasive negative effects into adulthood. Policy interventions should focus on both prevention and mitigating its negative effects. Interventions aimed at re-integrating excluded individuals into education or vocational training could be key in reducing the risk of poor socio-economic outcomes and social exclusion.

Global Power Movements, Uncertainty and Democracy in the Middle East

2016 ◽  
Vol 10 (1) ◽  
Author(s):  
Selin Guner
Keyword(s):  
Middle East ◽  
Fixed Effects ◽  
Causal Mechanism ◽  
Short Term ◽  
Power Shifts ◽  
Global Power ◽  
Cross Country ◽  
Global Uncertainty ◽  
The Impact

AbstractStudies that examine global determinants of democracy mainly focus on factors such as global conflict, strength of global community, international organizations and the impact of democratic neighbors. This paper logically extends the global approach by considering the impact of global power shifts on democratization in the Middle East. In this paper, it is argued that global uncertainty raised by power shifts in the system is likely to impact authoritarian elite behavior leading to their concession to share political power. This article specifies the assumptions, hypothesis and the causal mechanism through which power shifts might impact democracy in the Middle East. To test the hypothesis, this article uses cross-country panel data and fixed effects GLS regression models on 878 observations, 20 countries ranging from 1815 until 2004. To clarify the argument, examples of democratization process in Iran and Turkey as well as recent 2011 Middle East uprisings are also discussed as illustrative evidence. The results support the argument that global power transfers have short term and long term impacts on democratization in the Middle East.

The Impact of Welfare Facilities on Happiness of the Elderly: Evidence from Seoul, Korea

2019 ◽  
pp. 0739456X1987411 ◽  
Author(s):  
Danya Kim ◽  
Jangik Jin
Keyword(s):  
Fixed Effects ◽  
Elderly Population ◽  
Well Being ◽  
The Elderly ◽  
Subjective Well Being ◽  
Cross Sectional ◽  
Time Specific ◽  
The Impact ◽  
The City ◽  
Positive Effect

Across the world, there are growing concerns about how to care for an increasingly large elderly population. We explore how elderly welfare facilities influence seniors’ subjective well-being, focusing on the city of Seoul, Korea, using the 2005–2015 Seoul Survey data. Through pooled cross-sectional data analysis with time-specific and location-specific fixed-effects, we estimate the effect of the number of local welfare facilities on elderly subjective well-being. Our results show that elderly welfare facilities have a positive effect on elderly subjective well-being after controlling for endogeneity, but these facilities are more important for the more aged elderly and lower income elderly.

scholarly journals Impact of Policy and Factor Intensity on Sustainable Value of European Agriculture: Exploring Trade-Offs of Environmental, Economic and Social Efficiency at the Regional Level

Agriculture ◽  
2021 ◽  
Vol 11 (1) ◽  
pp. 78 ◽  
Author(s):  
Bazyli Czyżewski ◽  
Marta Guth
Keyword(s):  
Environmental Economic ◽  
Labour Productivity ◽  
Three Dimensions ◽  
Positive Interactions ◽  
Social Efficiency ◽  
Factor Intensity ◽  
Trade Offs ◽  
Sustainable Value ◽  
The Impact

Although sustainable development is a topic broadly discussed in the literature in relation to existing policy stimulus, a holistic approach to the implementation of sustainability in agriculture—for which there are three dimensions (economic, social and environmental)—is still missing. A regional approach, which averages the entire EU region, could therefore be useful in the long term for recommending directional guidelines for the Common Agricultural Policy (CAP). The objective of this study is to investigate the impact of key groups of CAP instruments and factor intensity on the three above-mentioned aspects of sustainability in the 2004–2017 period, with the assumption that they are all reciprocally related. This goal was achieved by measuring sustainability using the modified sustainable value approach combined with frontier-based nonparametric assessment and applying structural equation modelling, including multilevel random intercept. This research highlights trade-offs between environmental, economic and social efficiency and checks the impact of the EU CAP schemes on the sustainability of environmental, economic, and social dimensions in agriculture. Despite common indications of trade-offs, particularly between economic performance and eco-efficiency, our study shows that in the long term, such feedback has not occurred in any EU regions. Moreover, there are positive interactions between all three dimensions of sustainability from a cross-sectional perspective. The analysis of the impact of CAP subsidies proves that the current system of agri-environmental, set-aside and rural development payments has been effective in the long term, although broader implementation of environmental schemes in regions with lower labour productivity may negatively affect social sustainability.

scholarly journals The Impact of Foreign Direct Investment, Human Capital on Labour Productivity in Vietnam

2019 ◽  
Vol 11 (5) ◽  
pp. 97 ◽  
Author(s):  
Nguyen Tan Vinh
Keyword(s):  
Human Capital ◽  
Foreign Direct Investment ◽  
Labor Productivity ◽  
Direct Investment ◽  
Positive Impact ◽  
Labour Productivity ◽  
Research Result ◽  
Short Term ◽  
The Impact

Vietnam is a country which has an attractive level of attracting foreign direct investment (Hereafter FDI) in the region with many preferential policies for investors. FDI attraction aims to help economic growth as well as increase the country's labour productivity. Therefore, the author conducted research to the impact of FDI and human capital on labor productivity of Vietnam. With data analysis techniques using ARDL model with data collected from 1990 to 2017, research result shows that FDI has a positive impact on labor productivity in short term and long term. The factor of university qualification (human capital) only has a positive impact on labor productivity in the long term.

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