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Book part
Publication date: 8 April 2024

Irena Szarowská

Government spending plays a crucial role in fiscal policy in any country, both as a tool for implementing individual government policies and as a possible instrument for…

Abstract

Government spending plays a crucial role in fiscal policy in any country, both as a tool for implementing individual government policies and as a possible instrument for mitigating uneven economic developments and economic shocks. This chapter provides direct empirical evidence on the development and structure of general government expenditure and its relationship with real economic growth in Czechia and the European Union countries. Compared to theoretical recommendations, general government expenditure has not been used as a stabiliser in Czechia and EU countries and has been observed to be pro-cyclical in the period under review. Granger causality analysis identified the direction of causality between the macroeconomic variables analysed and found that in most cases economic growth came first, followed by government spending.

Details

Modeling Economic Growth in Contemporary Czechia
Type: Book
ISBN: 978-1-83753-841-6

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Book part
Publication date: 12 December 2023

Alma Andino-Frydman

In this paper, I explore what shapes the identities of digital nomads (DNs), a class of remote workers who travel and work concurrently. Through extensive fieldwork and interviews…

Abstract

In this paper, I explore what shapes the identities of digital nomads (DNs), a class of remote workers who travel and work concurrently. Through extensive fieldwork and interviews with 50 digital nomads conducted in seven coworking hostels in Mexico in 2022, I construct a theory of DN identity. I base this upon the frequent transformations they undergo in their Circumstances, which regularly change their worker identity.

DNs relinquish traditional social determinants of identity, such as nationality and religion. They define their personal identities by their passions and interests, which are influenced by the people they meet. DNs exist in inherently transitive social spaces and, without rigid social roles to fulfil, they represent themselves authentically. They form close relationships with other long-term travellers to combat loneliness and homesickness. Digital nomads define their worker identities around their location independence. This study shows that DNs value their nomadic lifestyle above promotions and financial gain. They define themselves by productivity and professionalism to ensure the sustainability of their lifestyle. Furthermore, digital nomad coworking hubs serve focused, individual work, leaving workplace politics and strict ‘office image’ norms behind. Without fixed social and professional roles to play, digital nomads define themselves personally according to their ever-evolving passions and the sustainability of their nomadic life. Based on these findings, I present a cyclical framework for DN identity evolution which demonstrates how relational, logistical, and socio-personal flux evolves DN’s worker identities.

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Book part
Publication date: 9 February 2024

Attilio Trezzini

Hazel Kyrk’s contribution is the most advanced formulation of the economics of consumption as a social phenomenon, an approach to the analysis of consumption that, originated from…

Abstract

Hazel Kyrk’s contribution is the most advanced formulation of the economics of consumption as a social phenomenon, an approach to the analysis of consumption that, originated from Veblen’s theory, was developed in the US in the early 20th century. This approach was part of a wider stream of empirical analyses of consumption expenditure that had begun more than a century earlier.

Along with elements that can be traced back to the neoclassical tradition, in Keynes’ analysis of consumption, we find original elements. The dependence of consumption expenditure on the level of income, which is essential for asserting the principle of effective demand, can also be found in a long tradition of empirical studies. In qualifying this relationship, Keynes uses theoretical elements echoing key insights of the economics of consumption as a social phenomenon. There is no documentary evidence that Kyrk or the economics of the social relevance of consumption came to Keynes’ attention. It is possible, however, to develop reasonable speculative considerations to argue a link between Keynes’ elaboration and both the empirical literature on the determinants of consumption and the economics of consumption as a social phenomenon.

Details

Research in the History of Economic Thought and Methodology: Including a Symposium on Hazel Kyrk's: A Theory of Consumption 100 Years after Publication
Type: Book
ISBN: 978-1-80455-991-8

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Book part
Publication date: 4 September 2023

Stephen E. Spear and Warren Young

Abstract

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Overlapping Generations: Methods, Models and Morphology
Type: Book
ISBN: 978-1-83753-052-6

Book part
Publication date: 22 August 2023

Gloria Nancy Ríos and Laura Andrea Cristancho

Despite the great technological, economic, and social advances and the significant progress achieved by women from the last century until today, there is still a clear division…

Abstract

Despite the great technological, economic, and social advances and the significant progress achieved by women from the last century until today, there is still a clear division between men and women in the labor market: more women are working, but their salaries are lower, as are their positions and their possibility of full development is reduced.

The gender problem is global, which forces the business sector, as one of the main agents of the market, to build policies around gender equality and the recognition of women as agents who generate growth and economic and business development. In this sense, business projects that seek to reduce gender gaps also impact the achievement of the Sustainable Development Goals (SDGs), because they increase opportunities for equity, freedom, and dignity, for men and women in equal conditions.

What are the challenges and opportunities in gender equity presented by economic analyses in Colombia in a Latin American context?

According to the question, a Latin American economic context of gender gaps is presented, from the perspective of socioeconomic inequality and poverty, sexual division of labor, patriarchal cultural patterns, and concentration of power. Similarly, the effects of the pandemic on women’s employment and income are reviewed. When talking about gender gaps and professional contribution to the economy, it is not only a solution to inequalities, it is analytically undoing this cultural conception to give it a new structure of dominance.

There is a lack of conversation about economics and gender because the analysis is found from a macroeconomic perspective when writing that regardless of who performs care work or domestic work can also question the assumptions of economic science that, by convention, in national accounts, it ignores the value of domestic work and almost always deals with scarcity, selfishness, and competition, and rarely of abundance, altruism, and cooperation.

It must be recognized that the COVID-19 pandemic gave importance to childcare for national economies in general and women’s economic participation in particular, which has stimulated a renewed interest in childcare policy in many countries that have implemented lockdowns, as well as women, who provided most of the unpaid care, not only did they lose income due to demands for care but also they struggled to access needs, with some reporting increased personal insecurity.

The economic crises of the last century reflected recessions that had a greater impact on the employment of men since they are usually employed in sectors where employment tends to be unstable or as the economy is called cyclical employment. However, in the crisis unleashed by the COVID-19 pandemic, given their particular conditions, it is women who are mainly affected.

Challenges and opportunities in terms of gender equity present economic analyses in Colombia in a Latin American context, in this context, it is reviewed: the national survey of time use and its findings; the incorporation of the care economy in the measurement of economic growth and poverty indicators by gender and its effects on improvements in the quality of life of the population and its impact on the economy.

Among the advantages of incorporating the gender perspective in the economic analysis, the following perspectives are analyzed:

  • The similarities of the experiences of the gender gap and its effect on the economy suggest that the response of public policies of recovery and preparedness with the corresponding recognition, women absorb the costs of care work, with possible long-term negative effects on health, and well-being.

  • A greater stimulus to growth, as women bring new skills to work, productivity, and growth gains from greater female participation in the labor force. And, greater productivity and reducing gender barriers.

The similarities of the experiences of the gender gap and its effect on the economy suggest that the response of public policies of recovery and preparedness with the corresponding recognition, women absorb the costs of care work, with possible long-term negative effects on health, and well-being.

A greater stimulus to growth, as women bring new skills to work, productivity, and growth gains from greater female participation in the labor force. And, greater productivity and reducing gender barriers.

Details

Economy, Gender and Academy: A Pending Conversation
Type: Book
ISBN: 978-1-80455-998-7

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Book part
Publication date: 20 November 2023

Juan Pablo Mateo

This chapter analyzes the process of surplus generation in Latin America based on the Penn World Tables, also with a comparison with the United States. The reference period is…

Abstract

This chapter analyzes the process of surplus generation in Latin America based on the Penn World Tables, also with a comparison with the United States. The reference period is 1950–2019, revealing long-run evolution as well as certain differences between a State-driven industrialization strategy, the turn toward neoliberalism beginning in the 1980s, and a neo-developmentalist period in the twenty-first century. The research shows a steep decline in the rate of profit in Latin America until the early 1990s, with stabilization thereafter but without reversal of the downward trend. However, the turning point in terms of capital accumulation, surplus generation, and productivity indicators occurred in the early 1980s. In addition, divergence vis-à-vis the United States has been growing in the capacity to generate surplus, labor productivity, and GDP per capita.

Details

Value, Money, Profit, and Capital Today
Type: Book
ISBN: 978-1-80455-751-8

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Book part
Publication date: 12 June 2023

Md Nazirul Islam Sarker

Risk factors for population relocation as a result of severe catastrophes are increasing on a global scale. The frequency of catastrophic weather events is rising, infrastructure…

Abstract

Risk factors for population relocation as a result of severe catastrophes are increasing on a global scale. The frequency of catastrophic weather events is rising, infrastructure is getting older, the population is expanding, and urbanization is increasing. This study explores the influencing factors of livelihood, vulnerability, and livelihood resilience of climate-induced displaced people in developing countries, particularly in South Asia. A mixed-method approach comprising a systematic review and a narrative review has been applied in this study. A systematic review guided by PRISMA has been used to identify the relevant documents and the extracted information has been described through a narrative review approach. This study reveals that climate-induced displaced people are generally vulnerable to maintaining their livelihood, but there are a few exceptional cases where displaced people could diversify their livelihood strategies. The major influencing factors of their livelihoods are riverbank erosion, loss of assets and properties, food insecurity, seasonal hunger, low access to finance, and low job opportunity. This study argues that climate-displaced people have a long struggle to enhance their livelihood resilience, but it is a challenging task for them, particularly at the household level. The major influencing indicators under adaptive, absorptive, and transformative capacities of livelihood resilience are income and food access, agricultural and non-agricultural assets, sensitivity, climate variability and hazards, basic services, social safety nets, and institutional participation. Appropriate governance in the structural and non-structural transformation of livelihood capitals can enhance the livelihood resilience of climate-induced displaced households. In the case of Bangladesh, the coastal and Riverine Island communities are the key victims of climate-induced hazards, so they migrated frequently to reduce their vulnerability and enhance livelihood resilience. The study recommends ensuring transparency and accountability, proper coordination among stakeholders for promoting the resettlement, disaster-resilient housing and infrastructure, and Khas land (government-owned land) to the displaced people can enhance their livelihood resilience.

Details

Disaster, Displacement and Resilient Livelihoods: Perspectives from South Asia
Type: Book
ISBN: 978-1-80455-449-4

Keywords

Book part
Publication date: 27 September 2023

Holly Russell, Rachel Fitzgerald, Deanna Meth and Henk Huijser

As universities grapple with the question of how to prepare students for increasingly uncertain futures, the development of evidence-based frameworks to guide academic program1

Abstract

As universities grapple with the question of how to prepare students for increasingly uncertain futures, the development of evidence-based frameworks to guide academic program1 design is critical. Here, we propose a strategic framework with a high impact on program design, implementation, and evaluation as well as mentoring and support for academic program leaders. High impact can be achieved when program leaders are enabled to embed key future-focused capabilities and skills across the curriculum in a program. In order to ensure that these capabilities are systematically and cohesively embedded in students’ learning journeys, we suggest that academic program leaders (e.g., Directors of Studies, Subject Area Coordinators, etc.) require strategic approaches to program design, implementation, and evaluation, as well as mentoring and support. Such approaches would ensure that high impact practices are consistently employed, rather than being the exception in isolated courses.2 At Queensland University of Technology, we have developed a holistic model to support “whole-of-program” design for award programs across faculties and disciplines, in a coherent and strategic way. The model we use is based on a framework for curriculum design called the Future Focused Curriculum Design Framework (FFCF), and is an iterative model that places learners at the center of their learning to enable meaningful change to the design of programs. The adoption of the framework is supported by curriculum design studios situated within each discipline-specific faculty,3 which are made up of curriculum and learning designers, working closely with academics in different faculties. A key element of the process is that curriculum design studios enable relationships and communities to develop (Wenger et al., 2002), which in turn allows for contextualized practice. This holistic model supports whole-of-program design for award programs, in a coherent and strategic way and enables communities of practice to emerge in an iterative manner. In this chapter, we share our experiences with using this model and the impacts it has achieved, and we reflect on ways it be adapted for future use and in other contexts.

Details

High Impact Practices in Higher Education: International Perspectives
Type: Book
ISBN: 978-1-80071-197-6

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Abstract

Details

Understanding Intercultural Interaction: An Analysis of Key Concepts, 2nd Edition
Type: Book
ISBN: 978-1-83753-438-8

Book part
Publication date: 9 November 2023

Michał Bernardelli and Mariusz Próchniak

The comparison between economic growth and the character of monetary policy is one of the most frequently studied issues in policymaking. However, the number of studies…

Abstract

Research Background

The comparison between economic growth and the character of monetary policy is one of the most frequently studied issues in policymaking. However, the number of studies incorporating a dynamic time warping approach to analyse the similarity of macroeconomic variables is relatively small.

The Purpose of the Chapter

The study aims at assessing the mutual similarity among various variables representing the financial sector (including the monetary policy by the central bank) and the real sector (e.g. economic growth, industrial production, household consumption expenditure), as well as cross-similarity between both sectors.

Methodology

The analysis is based on the dynamic time warping (DTW) method, which allows for capturing various dimensions of changes of considered variables. This method is almost non-existent in the literature to compare financial and economic time series. The application of this method constitutes the main area of value added of the research. The analysis includes five variables representing the financial sector and five from the real sector. The study covers four countries: Czechia, Hungary, Poland and Romania and the 2010–2022 period (quarterly data).

Findings

The results show that variables representing the financial sector, including those reflecting monetary policy, are weakly correlated with each other, whereas the variables representing the real economy have a solid mutual similarity. As regards individual variables, for example, GDP fluctuations show relatively substantial similarity to ROE fluctuations – especially in Czechia and Hungary. In the case of Hungary and Romania, CAR fluctuations are consistent with GDP fluctuations. In the case of Poland and Hungary, there is a relatively strong similarity between the economy's monetisation and economic growth. Comparing the individual countries, two clusters of countries can be identified. One cluster includes Poland and Czechia, while another covers Hungary and Romania.

Details

Modeling Economic Growth in Contemporary Poland
Type: Book
ISBN: 978-1-83753-655-9

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