The impact of a high influx of foreign workers on the Beveridge curve relation - Evidence for Malta from an ARDL approach

2022 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Ian Cassar ◽  
David Baldacchino
Keyword(s):  
Foreign Workers ◽  
Beveridge Curve ◽  
Ardl Approach ◽  
The Impact

Economic Growth and Foreign Workers in ASEAN and Singapore

2012 ◽  
Vol 11 (3) ◽  
pp. 114-136 ◽  
Author(s):  
Shandre Mugan Thangavelu
Keyword(s):  
Open Economy ◽  
Wage Gap ◽  
Small Open Economy ◽  
Output Growth ◽  
Foreign Workers ◽  
Domestic Economy ◽  
Unskilled Workers ◽  
Market Trends ◽  
State Growth ◽  
The Impact

This paper studies the trends of foreign immigrants in Asia and their effect on the growth of the Singapore economy. The paper also discusses the key labor market trends and the rationale for foreign workers in a small open economy like Singapore. Further, the paper highlights key simulations of the impact of foreign immigrants on output growth and wage gap for the Singapore economy by using Thangavelu's (2011) dynamic general equilibrium model. The study accounts for the flow of skilled and unskilled foreign workers on (a) steady-state growth; (b) the wage gap between the skilled and unskilled workers; and (c) innovation capabilities of the domestic economy. Further, the model also accounts for the contribution of immigrants on the welfare of the domestic economy through the immigration surplus that will accrue to the domestic economy.

scholarly journals General Patterns and Drivers of Changes in Employment Structure: Evidence from Five European Countries

2020 ◽  
Vol 67 (3) ◽  
pp. 333-362
Author(s):  
Larysa Yakymova
Keyword(s):  
Service Sector ◽  
Structural Changes ◽  
National Level ◽  
Active Phase ◽  
Growth Effect ◽  
Causality Test ◽  
Long Run ◽  
Ardl Approach ◽  
Impact Of Urbanization ◽  
The Impact

This paper seeks to answer whether the general patterns and drivers of the sectoral employment shifts depend on a country’s level of development. To accomplish this, we examined employment in Germany, Hungary, Poland, Romania and Ukraine at the national level (1998-2018) using econometric analysis, and at the regional NUTS2 level (2009-2018) using shift-share analysis. We obtained evidence that the general trend is the service sector expansion. Using the ARDL approach and the Granger causality test, we identified long-run unidirectional causality running from income proxies to employment in services in all countries except Romania, where the opposite causality was found. We revealed that household income moderates the impact of urbanization on service sector growth in all countries except Poland. At the regional level, the change in the employment rate in services is explained by the national growth effect and slightly by the industry-mix effect if the active phase of structural changes is completed.

scholarly journals Macroeconomic Factors and Equity Prices: An Empirical Investigation by Using ARDL Approach

2008 ◽  
Vol 47 (4II) ◽  
pp. 501-513 ◽  
Author(s):  
Arshad Hasan ◽  
Zafar Mueen Nasir
Keyword(s):  
Empirical Studies ◽  
Testing Procedure ◽  
Bounds Testing ◽  
Macroeconomic Factors ◽  
Equity Prices ◽  
Macroeconomic Variables ◽  
Long Run ◽  
Ardl Approach ◽  
The Impact ◽  
The Relationship

The relationship between macroeconomic variables and the equity prices has attracted the curiosity of academicians and practitioners since the publication of seminal paper of Chen, et al. (1986). Many empirical studies those tested the relationship reveal that asset pricing theories do not properly identify macroeconomic factors that influence equity prices [Roll and Ross (1980); Fama (1981); Chen, et al. (1986); Hamao (1986); Faff (1988); Chen (1991); Maysami and Koh (2000) and Paul and Mallik (2001)]. In most of these studies, variable selection and empirical analyses is based on economic rationale, financial theory and investors’ intuition. These studies generally apply Eagle and Granger (1987) procedure or Johanson and Jusilieus (1990, 1991) approach in Vector Auto Regressor (VAR) Framework. In Pakistan, Fazal (2006) and Nishat (2001) explored the relationship between macroeconomic factors and equity prices by using Johanson and Jusilieus (1990, 1991) procedure. The present study tests the relationship between macroeconomic variables such as inflation, industrial production, oil prices, short term interest rate, exchange rates, foreign portfolio investment, money supply and equity prices by using Auto Regressive Distributive Lag (ARDL) bounds testing procedure proposed by Pesaran, Shin, and Smith (1996, 2001). The ARDL approach in an errorcorrection setting has been widely applied to examine the impact of macroeconomic factors on economic growth but it is strongly underutilised in the capital market filament of literature. This methodology has a number of advantages over the other models. First, determining the order of integration of macroeconomic factors and equity market returns is not an important issue here because the Pesaran ARDL approach yields consistent estimates of the long-run coefficients that are asymptotically normal irrespective of whether the underlying regressors are I(0) or I(1) and of the extent of cointegration. Secondly, the ARDL approach allows exploring correct dynamic structure while many econometric procedures do not allow to clearly distinguish between long run and short run relationships.

Money Supply-Economic Growth Nexus: Evidence from a Landlocked Country

2020 ◽  
Vol 2 (1) ◽  
pp. 106-115
Author(s):  
Tilak Singh Mahara
Keyword(s):  
Economic Growth ◽  
Money Supply ◽  
Correction Term ◽  
Policy Instruments ◽  
Special Role ◽  
Real Gdp ◽  
Long Run ◽  
Ardl Approach ◽  
Short Run ◽  
The Impact

Background: There is special role of money in the economy due to its astonishing importance as change in the amount of it can have a significant effect on the major macroeconomic variables. Money supply is generally considered as policy-determined phenomenon. Like in all the nations, macroeconomic stability of Nepal also depends on the variation in the quantity of money. Objective: The principle objective of the study is to examine the impact of money supply on the economic growth of Nepal. Methodology: This study applies the ARDL approach to cointegration. Bounds test (F-version) has been carried out to determine the existence of long-run relationship between variables. Results: The empirical results pointed out that there is positive and significant long-term relationship between money supply and real economic growth in Nepal. Causality result reveals that there is unidirectional causality from money supply (M2) to Real GDP. The error correction term is found negative and statistically significant suggesting a correction of short-run disequilibrium within two and a half years. Conclusions: The study concludes that increase in the money supply helps to increase the real economic growth in Nepal. So, money supply and real GDP are associated in the long-run.  Implications: The implication of the study is that, real economic growth in Nepal can be achieved if Nepal Rastra Bank emphasized on monetary policy instruments which help to increase the flow of money supply both in the short and long run.

High-Tech Workers, Management Strategy, and Globalization

2011 ◽  
pp. 42-57
Author(s):  
Jasmine Folz
Keyword(s):  
At Risk ◽  
Management Strategy ◽  
Qualitative Interviews ◽  
High Tech ◽  
Foreign Workers ◽  
Contingent Employment ◽  
Cost Cutting ◽  
Management Policies ◽  
The Impact ◽  
Policies And Practices

Based on qualitative interviews with Seattle area high-tech workers, this chapter explores their positioning within and reaction to globalization processes. Looking especially as cost-cutting labor strategies of contingent employment, importation of foreign workers, and the outsourcing of professional high-tech work, it is argued that these are essentially restrictive employment strategies that benefit employers at the expense of employees. While some of the interviewees more or less approved of these practices as logical from the corporate perspective, and were confident that their jobs were too complex to be at risk, most are questioning these processes and some were actively trying to organize in an effort to halt or at least slow down such trends. How and why high-tech workers accommodate or resist management policies and practices they disagree with is analyzed with attention to the impact of ideology.

The Impact of the Asian Financial Crisis on Foreign Workers in Taiwan

1998 ◽  
Vol 7 (2-3) ◽  
pp. 145-169 ◽  
Author(s):  
Joseph S. Lee
Keyword(s):  
Labor Market ◽  
Financial Crisis ◽  
Economic Crisis ◽  
Construction Projects ◽  
Economic Structure ◽  
Asian Financial Crisis ◽  
Foreign Workers ◽  
Skilled Workers ◽  
The Future ◽  
The Impact

Having experienced an economic crisis earlier, Taiwan was on its way to recovery when the crisis struck in 1997. In general, Taiwan's labor market was hardly affected by the crisis. Although the demand for foreign workers continues, there will be a decline in the employment of foreign workers in the future. The completion of construction projects and the upgrading of the economic structure would imply a lesser demand for foreign workers in the next few years. In the future, while the Taiwanese labor market would be more restrictive of less-skilled workers, it would be more open to professionals and highly skilled.

IMPAK PERISIAN IM-SMARTSAFETY TERHADAP PEKERJA ASING DALAM INDUSTRI PEMBINAAN

2015 ◽  
Vol 77 (4) ◽  
Author(s):  
Nurul Azita Salleh ◽  
Mohd Nasrun Mohd Nawi ◽  
Norazah Mohd Nordin ◽  
Abdul Khalim Abdul Rashid
Keyword(s):  
Quantitative Research ◽  
Occupational Safety ◽  
Health And Safety ◽  
Foreign Workers ◽  
Construction Sites ◽  
Quantitative Research Methods ◽  
Teaching Aids ◽  
Safety Regulations ◽  
Safety Belts ◽  
The Impact

This paper focuses on the discussion of the impact of IM-SmartSAFETY courseware on foreign workers in the construction industry. This courseware was developed as an alternative media of information delivery in bilingual multimedia and two directional teaching aids for foreign workers in Health and Safety Induction Course (HSIC). The study discovered that the IM-SmartSAFETY courseware have contributed a great impact and meets the needs of the foreign workers on construction sites as well as one of the mechanism to help tackle the language problem. The study was conducted quantitative research methods supported by qualitative research is found a parallel in terms of data acquisition which is seen IM-SmartSAFETY courseware has helped meet the needs of foreign workers regarding personal protective equipment (PPE) in terms of knowledge about the types and uses of PPE, safety regulations related to PPE, proper wear of PPE and the effect of the proper usage of PPE which include safety helmets, safety boots, protective clothing or safety jackets, ear protection, eye and face protection, safety belts, protective glove and protective breathing after using the courseware. The findings also exhibits that the overall of helpfulness of courseware also found that language issues have been resolved. In fact, the acquisition of knowledge foreign workers on safety at construction sites and the way of delivery information by the trainers to foreign workers have been enhanced while reducing the rate of accidents on construction sites and increase foreign workers awareness about the hazard and improve occupational safety of foreign workers in Malaysia.

scholarly journals THE impact of remittance inflows on poverty in Botswana: an ARDL approach

2019 ◽  
Vol 8 (1) ◽  
Author(s):  
Mercy. T. Musakwa ◽  
N. M. Odhiambo
Keyword(s):  
Mortality Rate ◽  
Infant Mortality ◽  
Household Consumption ◽  
Infant Mortality Rate ◽  
Series Data ◽  
Consumption Expenditure ◽  
Long Run ◽  
Ardl Approach ◽  
Short Run ◽  
The Impact

AbstractThe growing pressure on governments to reduce poverty among other Sustainable Development Goals (SDGs) through harnessing domestic and foreign sources has motivated studies on the relationship between poverty and different economic variables in many developing countries. This study investigates the impact of remittance on poverty in Botswana, employing time-series data from 1980 to 2017. The study employs two poverty proxies—household consumption expenditure and infant mortality rate to capture poverty in its multidimensional form and improve the robustness of the results. Using the autoregressive distributed lag (ARDL) approach, the study finds that remittance inflows reduce poverty in Botswana—both in the short run and in the long run when infant mortality rate is used as a proxy. However, when poverty is measured by household consumption expenditure, remittance was found to have no impact on poverty in the short run and in the long run. The study, therefore, concludes that remittance inflows play a crucial role in reducing poverty and that Botswana can benefit immensely from the surge in remittance inflows by putting in place policies and structures that support remittance inflow.

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