scholarly journals Economic Policy of Japan in the Time of Pandemic

2021 ◽  
Vol 65 (1) ◽  
pp. 33-41
Author(s):  
A. Belov
Keyword(s):  
Budget Deficit ◽  
Prime Minister ◽  
Initial Period ◽  
Fiscal Policies ◽  
Temporary Workers ◽  
Red Tape ◽  
Part Time ◽  
Retention Practices ◽  
Domestic Companies

In the initial period of the COVID 19 pandemic (February–September 2020), Japan succeeded in minimizing the mortality rate and reducing the damage to the economy. The Japanese experience has both positive and negative aspects. Among the G7 countries, Japan recorded the best иге among the states of East Asia the worst indicators of overall and excessive mortality. From an economic perspective, the pandemic strongly affected inbound and outbound tourism, which will take years to recover. Employment opportunities in the tourism and other contact-intensive industries will be reduced by approximately one million jobs, primarily affecting part time and temporary workers. At the same time, the overall unemployment rate will hardly exceed one-third of the OECD average generally because of the ample financial support, long-term commitments among core employees in Japan, and job retention practices of domestic companies. In the macroeconomic realm, the Japanese government embarked on an extension of quantitatively easing measures of monetary expansionary steps in fiscal sphere and universal stimulus in growth-enhancing structural policies. This approach actually follows the logic of a long-standing reflationary Abenomics, which is expected to continue despite the abrupt resignation of S. Abe. At least, Japan’s newly elected Prime Minister Yo. Suga has indicated his support for current monetary and fiscal policies. He also hinted at a need to reduce the administrative red tape and to accelerate the digitalization in the economy. The package of anti-crisis measures in Japan turned out to be one of the largest in the world, and its implementation could increase the budget deficit and public debt, that is, cause the emergence of problems relevant to most other countries.

Infrastructure mortgage in Russia: Opportunities and prospects

2019 ◽  
pp. 114-133
Author(s):  
G. I. Idrisov ◽  
Y. Yu. Ponomarev
Keyword(s):  
Federal Government ◽  
Public Debt ◽  
Budget Deficit ◽  
Expert Assessment ◽  
Inflation Expectations ◽  
Direct Impact ◽  
Long Run ◽  
Gdp Growth Rate ◽  
Negative Effect

The article shows that depending on the goals pursued by the federal government and the available interbudgetary tools a different design of infrastructure mortgage is preferable. Three variants of such mortgage in Russia are proposed, each of which is better suited for certain types of projects and uses different forms of subsidies. According to our expert assessment the active use of infrastructure mortgage in Russia can increase the average annual GDP growth rate by 0.5 p. p. on the horizon of 5—7 years. In the long run the growth of infrastructure financing through the use of infrastructure mortgage could increase long-term economic growth by 0.9 p. p., which in 20—30 years can add 20—30% of GDP to the economy. However, the change in the structure of budget expenditures in the absence of an increase in the budget deficit and public debt will cause no direct impact on monetary policy. The increase in the deficit and the build-up of public debt will have a negative effect on inflation expectations, which will require monetary tightening for a longer time to stabilize them.

Determinants of Inflation in Vietnam: A VECM Approach

2015 ◽  
Vol 22 (04) ◽  
pp. 26-50
Author(s):  
Ngoc Tran Thi Bich ◽  
Huong Pham Hoang Cam
Keyword(s):  
Interest Rate ◽  
Crude Oil ◽  
Error Correction ◽  
Budget Deficit ◽  
Oil Prices ◽  
Crude Oil Prices ◽  
Domestic Credit ◽  
Short Run ◽  
The Impact

This paper aims to examine the main determinants of inflation in Vietnam during the period from 2002Q1 to 2013Q2. The cointegration theory and the Vector Error Correction Model (VECM) approach are used to examine the impact of domestic credit, interest rate, budget deficit, and crude oil prices on inflation in both long and short terms. The results show that while there are long-term relations among inflation and the others, such factors as oil prices, domestic credit, and interest rate, in the short run, have no impact on fluctuations of inflation. Particularly, the budget deficit itself actually has a short-run impact, but its level is fundamentally weak. The cause of the current inflation is mainly due to public's expectations of the inflation in the last period. Although the error correction, from the long-run relationship, has affected inflation in the short run, the coefficient is small and insignificant. In other words, it means that the speed of the adjustment is very low or near zero. This also implies that once the relationship among inflation, domestic credit, interest rate, budget deficit, and crude oil prices deviate from the long-term trend, it will take the economy a lot of time to return to the equilibrium state.

scholarly journals Are asylum seekers more likely to work with more inclusive labor market access regulations?

2019 ◽  
Vol 155 (1) ◽  
Author(s):  
Michaela Slotwinski ◽  
Alois Stutzer ◽  
Roman Uhlig
Keyword(s):  
Labor Market ◽  
Asylum Seekers ◽  
Market Access ◽  
Initial Period ◽  
Early Integration ◽  
Labor Market Policies ◽  
The Face ◽  
Labor Market Access ◽  
The One

Abstract In the face of recent refugee migration, early integration of asylum seekers into the labor market has been proposed as an important mechanism for easing their economic and social lot in the short as well as in the long term. However, little is known about the policies that foster or hamper their participation in the labor market, in particular during the important initial period of their stay in the host country. In order to evaluate whether inclusive labor market policies increase the labor market participation of asylum seekers, we exploit the variation in asylum policies in Swiss cantons to which asylum seekers are as good as randomly allocated. During our study period from 2011 to 2014, the employment rate among asylum seekers varied between 0 and 30.2% across cantons. Our results indicate that labor market access regulations are responsible for a substantial proportion of these differences, in which an inclusive regime increases participation by 11 percentage points. The marginal effects are larger for asylum seekers who speak a language that is linguistically close to the one in their host canton. Summary Inclusive labor market access regulations substantially increase the employment chances of asylum seekers, in particular if the language distance is short.

Import obstacles will slow Argentine economic rebound

2021 ◽  
Keyword(s):  
Spillover Effect ◽  
Exchange Market ◽  
Luxury Goods ◽  
Content Type ◽  
Product Availability ◽  
Regulatory Changes ◽  
High Inflation ◽  
Red Tape ◽  
The Government

Significance In January, the Central Bank of Argentina restricted access to the official exchange market for imports of some luxury goods, while the government asked companies to present their foreign trade estimates for 2021 and suggested that it would not approve any rise in imports unless this was offset with higher exports. Importers are facing mounting delays, which raise costs and hamper domestic production by restricting access to inputs. Impacts Higher import costs due to red-tape delays and shortages of product availability will fuel already high inflation. Frequent regulatory changes will discourage long-term investments and damage importers’ relations with foreign suppliers. Import controls will hit the auto sector hard, with a negative spillover effect in manufacturing more broadly.

A COMPARISON OF SHORT-TERM AND LONG-TERM PART-TIME EMPLOYEES

1971 ◽  
Vol 24 (4) ◽  
pp. 687-696 ◽  
Author(s):  
MARTIN J. GANNON ◽  
JOSEPH C. NOTHERN
Keyword(s):  
Short Term ◽  
Part Time

Treatment and secondary prevention of venous thrombo -embolism in cancer patients

2012 ◽  
Vol 32 (02) ◽  
pp. 139-144 ◽  
Author(s):  
I. Pabinger ◽  
C. Ay
Keyword(s):  
Clinical Trials ◽  
Cancer Patients ◽  
Oral Anticoagulants ◽  
Initial Period ◽  
Factor Xa ◽  
Secondary Prophylaxis ◽  
Phase Iii ◽  
Patients With Cancer ◽  
Potential Use

SummaryCancer is a major and independent risk factor of venous thromboembolism (VTE). In clinical practice, a high number of VTE events occurs in patients with cancer, and treatment of cancer-associated VTE differs in several aspects from treatment of VTE in the general population. However, treatment in cancer patients remains a major challenge, as the risk of recurrence of VTE as well as the risk of major bleeding during anticoagulation is substantially higher in patients with cancer than in those without cancer. In several clinical trials, different anticoagulants and regimens have been investigated for treatment of acute VTE and secondary prophylaxis in cancer patients to prevent recurrence. Based on the results of these trials, anticoagulant therapy with low-molecular-weight heparins (LMWH) has become the treatment of choice in cancer patients with acute VTE in the initial period and for extended and long-term anticoagulation for 3–6 months. New oral anti-coagulants directly inhibiting thrombin or factor Xa, have been developed in the past decade and studied in large phase III clinical trials. Results from currently completed trials are promising and indicate their potential use for treatment of VTE also in cancer patients. However, the role of the new oral thrombin and factor Xa inhibitors for VTE treatment in cancer patients still has to be clarified in further studies specifically focusing on cancer-associated VTE. This brief review will summarize the current strategies of initial and long-term VTE treatment in patients with cancer and discuss the potential use of the new oral anticoagulants.

The influence of part-time work on graduates' careers

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Carl Evans ◽  
Ceri Vaughan
Keyword(s):  
Career Aspirations ◽  
University Teaching ◽  
Small Element ◽  
Structured Interviews ◽  
Content Type ◽  
Time Work ◽  
Part Time ◽  
Personal Skills ◽  
Part Time Work

PurposeThe purpose of this paper is to explore university students' perceptions about career development in relation to their part-time working and to examine whether students maximise opportunities arising in their part-time job in order to enhance their personal profile and career aspirations.Design/methodology/approachSemi-structured interviews were held with 20 degree students at a UK university. The interview was based around 19 questions, split into three sections: general; career and the part-time job.FindingsThe findings indicate that while students are aware that part-time work helps in developing personal skills, there is a lack of awareness on how part-time work can provide differentiation in the graduate jobs market and support long-term graduate careers. The conclusion discusses the implications of the findings suggesting greater awareness among students of how part-time work can drive work readiness and long-term career aspirations. It also recommends greater involvement of career advisors and university teaching colleagues in supporting this endeavour.Originality/valueWhile other papers on student working have included a small element regarding careers, this paper offers originality by focussing solely on the relationship between students' part-time work and career aspirations. Moreover, most works in this area have been quantitative studies, whereas this study is qualitatively-based.

Changes in the labor market status during the COVID-19 pandemic and subjective well-being of Russians

2021 ◽  
pp. 139-153
Author(s):  
N. E. Soboleva ◽  
B. O. Sokolov
Keyword(s):  
Labor Market ◽  
Initial Period ◽  
Negative Relationship ◽  
Well Being ◽  
Big Five Personality ◽  
Subjective Well Being ◽  
Remote Work ◽  
Part Time ◽  
Market Status ◽  
High Level

This paper investigates the association between changes in the labor market status and subjective well-being of Russians during the COVID-19 pandemic. The materials of the first stage of the international project “Values in crisis” form the empirical dataset. Regression analysis shows that individuals who lost their jobs or closed their business during the initial period of the pandemic are somewhat less satisfied with their lives than those who did not. Being reduced to part-time work and working from home are not directly related to subjective well-being. At the same time, the strength of the association between subjective well-being and possible changes of the labor market status depends on such factors as the presence of children, as well as the value of self-enhancement (according to Schwartz) and conscientiousness (one of the Big Five personality traits). The job or business loss is associated with a decrease in subjective well-being among respondents without children; this association is not observed among those with children. In addition, the negative relationship between life satisfaction and job or business loss is stronger among individuals with high level of self-enhancement and weaker among those with high level of conscientiousness. Among respondents who had to switch to part-time or remote work, having children reduces the level of subjective well-being; among those without such experience, it is positively associated with subjective well-being.

The Puzzle of Work: Insecurity and Stress and Autonomy and Commitment

2005 ◽  
Author(s):  
Edwards Paul
Keyword(s):  
Private Sector ◽  
Working Hours ◽  
Temporary Workers ◽  
Skill Levels ◽  
Sectoral Shifts ◽  
The Public ◽  
Lack Of Control ◽  
Part Time ◽  
Work Insecurity ◽  
And Training

This chapter suggests that the nature of work in Britain changed dramatically during the last thirty years of the twentieth century. Sectoral shifts included a move from manufacturing towards services. There were also major shifts from the public sector to the private sector: between 1980 and 1998 the proportion of employees accounted for by private sector services rose from 26% to 44%. Part-time and temporary workers also became more common. These changes are often claimed to be associated with some more general transformations in the nature of work in Britain. One view holds that there have been improving levels of skills and training and better communication in the workplace. Another view holds that there have been increased levels of effort and stress. This chapter attempts to explain why rising skill levels, employee autonomy and commitment have been accompanied by widespread reports of increases in stress, lengthening working hours and a sense of a lack of control over one's working life.

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