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Article
Publication date: 6 June 2016

J.M. Albala-Bertrand

The aim of this paper is to learn about some patterns of sectoral and industrial structural change of the Chinese economy over the 1995-2010 period, which also complements a…

Abstract

Purpose

The aim of this paper is to learn about some patterns of sectoral and industrial structural change of the Chinese economy over the 1995-2010 period, which also complements a previous paper of the author. The chosen period is about (and conveniently) bounded by two international crises: the Southeast Asian crisis of 1997 and the world crisis that started in 2007/2008.

Design/methodology/approach

To such a purpose, this paper set up a quantitative methodology via input-output modelling, which allows us to decompose gross output into some key demand sources or contributions. These are then analyzed over the full period.

Findings

It can be shown that the trajectory of the main structural patterns over the period was not smooth and was pretty unbalanced and that they generally responded to both domestic policy and international shocks. Export demand and heavy industry appeared to be the main engines of the economy, which showed massive increases in their share of output, at the expense of domestic demand, services and agriculture. Despite the high growth rates over this period, the Chinese economy seemed to be in need of rebalancing, which seems to have started toward the end of the authors’ period.

Originality/value

The decomposition method has been applied before by the author and others, but the variations in this paper are original, just as original is the application to China (never been done before), which in addition is not confined to two or so snapshots separated by many years, as is the usual use, but to the full year-after-year change of the sectoral and industrial structure over this study’s focus period.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 9 no. 2
Type: Research Article
ISSN: 1754-4408

Keywords

Article
Publication date: 30 September 2013

J.M. Albala-Bertrand

– This paper deals with some structural indicators and their evolution, in China and its regions, over the period 1981-2010.

Abstract

Purpose

This paper deals with some structural indicators and their evolution, in China and its regions, over the period 1981-2010.

Design/methodology/approach

The paper uses a quantitative approach. Linear programming and structural growth decompositions were used. The authors first produce estimates of the optimal productivities of incremental capital and the optimal incremental income elasticity of capital by means of a linear programming exercise. They then produce an accounting growth decomposition to assess the changes in the contribution of capital productivity, capital intensity and labour participation to the growth rate of output per capita. Finally, they combine an accounting growth decomposition with a standard production function, growth accounting, decomposition to assess the contribution of both capital productivity and capital intensity to total factor productivity (TFP). They also show in the Appendix the difference in the TFP growth contribution when marginal elasticities are assumed variable over time and when scale returns are assumed to be increasing rather than constant.

Findings

The main conclusion of the paper is that capital intensity, rather than capital productivity or labour participation, has been the main growth contributor. Capital productivity has fallen, while capital intensity has increased significantly, but that does not mean that quantity in itself, rather than quality, is behind such growth, as total factor productivity, which is significantly more than engineering technical change, has been relatively important over the period.

Originality/value

Both the use of linear programming to assess the evolution of incremental capital productivity and the decomposition of TFP.

Details

Journal of Chinese Economic and Foreign Trade Studies, vol. 6 no. 3
Type: Research Article
ISSN: 1754-4408

Keywords

Open Access
Article
Publication date: 11 April 2018

Wojciech D. Piotrowicz

The purpose of this paper is to investigate humanitarian supply chains in the context of the Ukrainian crisis as example of complex emergency. The paper focuses on a selection of…

4737

Abstract

Purpose

The purpose of this paper is to investigate humanitarian supply chains in the context of the Ukrainian crisis as example of complex emergency. The paper focuses on a selection of support modes: in-kind donations, cash-based assistance and local procurement.

Design/methodology/approach

This paper adopts a case-study approach and interpretive paradigm. Findings are based on the analysis of primary sources including interviews with three Polish humanitarian organizations, internal documents, and secondary sources such as published reports.

Findings

Findings indicate that in a middle-income urbanized country such as Ukraine non-standard modes such as cash transfer programs and local procurement can be employed, since the necessary infrastructure and market are operational. However, each mode has limitations, so they should match the local context and the needs of diverse social groups.

Research limitations/implications

The findings and recommendations are specific to the case analyzed, Ukraine, and its socio-economic context. The research contributes to discussions about mode selection, stressing the links between mode, stage of the disaster response and local context.

Practical implications

Applying cash transfers and local procurement can reduce supply chain costs, such as transport and warehousing. Shortened supply chains enable faster responses and increased agility.

Social implications

Cash transfers and procurement involve the local community and beneficiaries, and can better fulfill needs maintaining people’s dignity. However, for vulnerable groups and those in conflict zones, in-kind goods are a better option.

Originality/value

The author argues that the much-discussed dichotomy of cash or goods does not reflect reality; local and regional procurement should be added as important support modes in middle-income countries in crisis.

Details

Journal of Humanitarian Logistics and Supply Chain Management, vol. 8 no. 3
Type: Research Article
ISSN: 2042-6747

Keywords

Article
Publication date: 15 January 2020

Yashobanta Parida and Devi Prasad Dash

The purpose of this paper is to evaluate the effect of floods and the role of financial development on per capita gross state domestic product (GSDP) growth, controlling for…

Abstract

Purpose

The purpose of this paper is to evaluate the effect of floods and the role of financial development on per capita gross state domestic product (GSDP) growth, controlling for growth-enhancing factors across Indian states.

Design/methodology/approach

The paper uses the pooled mean group (PMG) method using state-level panel data for 19 Indian states over the period 1981-2011.

Findings

The PMG estimate shows that floods negatively affect the per capita GSDP growth in the long run. The results show that the mean of economic losses, the population affected and the area affected by floods increase by 10 per cent, leading to a decline in per capita GSDP growth by 0.0303, 0.0633 and 0.0232 per cent, respectively, in the long run. Furthermore, the population affected by floods exerts a higher adverse impact on the per capita GSDP growth compared to other flood measures. The results further show that states with better financial development experience a higher per capita GSDP growth, supported by additional capital expenditure, enrolment in higher education, better road infrastructure and higher urbanization. The crime rate is negatively correlated with per capita GSDP growth.

Originality/value

The results based on PMG estimates suggest that not only floods but also crime activities adversely affect the per capita GSDP growth across Indian states. Better financial market increases the per capita GSDP growth in the long run. This study not only contributes to empirical growth literature but also provides some useful policy suggestions. Moreover, the results lead to the conclusion that long-term flood management policies are essential to mitigate the adverse impact of floods on per capita GSDP growth across Indian states.

Details

Indian Growth and Development Review, vol. 13 no. 3
Type: Research Article
ISSN: 1753-8254

Keywords

Article
Publication date: 1 December 2001

E.L. Quarantelli

The area of disaster studies is plagued by dubious statistical data and widespread conceptual disagreements. This is the major focus of discussion in the paper. We detail the…

2760

Abstract

The area of disaster studies is plagued by dubious statistical data and widespread conceptual disagreements. This is the major focus of discussion in the paper. We detail the limitations in much of the numerical data that are both specifically and generally used in discussions of disasters. Factors that are responsible for this, including inadequate conceptualizations about disasters are discussed. We also show that there is not much consensus by researchers and others about many of the most central concepts used such as “disaster”, “hazards,” “risk,” etc. In our call for more reliable statistics and more relevant concepts, we provide examples and suggestions of how this could be done.

Details

Disaster Prevention and Management: An International Journal, vol. 10 no. 5
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 30 May 2019

Huiqiang Wang

Prior studies have paid close attention to the impact of political risk on financial markets. Following this strand of literature, this paper aims to focus on the causality link…

Abstract

Purpose

Prior studies have paid close attention to the impact of political risk on financial markets. Following this strand of literature, this paper aims to focus on the causality link between political shocks and their impacts on emerging stock markets.

Design/methodology/approach

This paper highlights an innovative counterfactual model for political risk assessment. Based on a natural experiment, i.e. the Taiwan Strait Crisis in 1995-1996, this study utilizes one data-driven approach, e.g. the synthetic control methods (SCMs), to estimate causal impact of this political shock on Taiwan’s stock market.

Findings

Major findings in this study are consistent with existing literature on the price of political risk, e.g. political uncertainty commands a risk premium. The SCM estimations suggest that Taiwan’s stock prices dramatically underperformed its newly industrialized peers and other developed markets during the crisis. The SCM results are statistically significant and robust to various cross-validation tests.

Research limitations/implications

Findings in this study indicate that political risks could generate enormous impacts on emerging financial markets. In particular, political uncertainty following new geopolitical dynamics requires proper identification and assessment.

Originality/value

To the author’s knowledge, this paper is the first rigorous counterfactual study to the causality relationship between political uncertainty and stock prices in emerging markets. This paper is distinct from previous studies in applying a data-driven approach to combine the features of learning from others (cross-sectional) and learning from the past (time series).

Details

Journal of Financial Economic Policy, vol. 11 no. 3
Type: Research Article
ISSN: 1757-6385

Keywords

Article
Publication date: 23 December 2022

Aslı Dolu and Hüseyin İkizler

The purpose of this paper is to explore the impact of earthquakes on the labor market. The authors try to estimate the impact of two major earthquakes (Izmir and Elazig) in Turkey.

Abstract

Purpose

The purpose of this paper is to explore the impact of earthquakes on the labor market. The authors try to estimate the impact of two major earthquakes (Izmir and Elazig) in Turkey.

Design/methodology/approach

In order to analyze the effects of devastating earthquakes in the nearby regions of the province where the earthquake took place, on the labor market, monthly and annual data from the TUIK and ISKUR database will be used. For this purpose, the authors consider the earthquake a natural experiment and employ a Synthetic Control Method (SCM). In addition, the analysis will be carried out using seasonally adjusted data, taking into account the seasonal effects of the monthly data to be used in the study.

Findings

The results show that the impact varies based on the labor market structure of the regions. While the earthquake positively affects the labor market of agriculture-oriented regions, it harms the labor market of nonagricultural-oriented regions.

Research limitations/implications

A major limitation of the study is that we cannot fully separate the impact of Covid-19 from our estimate. The authors believe that Covid-19 overestimates the negative impact of earthquakes on the labor market.

Social implications

Earthquakes have adverse effects on the labor market. The estimation of the earthquake-related costs may provide a useful guide on policy planning and government incentives.

Originality/value

The originality of the study lies in the fact that this is the first study to evaluate how the dynamics of the labor market has changed as a result of the earthquakes that have taken place in Turkey, within the framework of causality.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-08-2022-0568

Details

International Journal of Social Economics, vol. 50 no. 5
Type: Research Article
ISSN: 0306-8293

Keywords

Open Access
Article
Publication date: 4 December 2019

Nadia Doytch

The authors investigate natural disasters’ impact on manufacturing and services foreign direct investment (FDI), both, in contemporaneous and time-lag contexts. Manufacturing and…

2289

Abstract

Purpose

The authors investigate natural disasters’ impact on manufacturing and services foreign direct investment (FDI), both, in contemporaneous and time-lag contexts. Manufacturing and services FDI account for different types of technology transfers, respectively, through tangible physical assets and intangible knowledge assets. This paper aims to hypothesize that natural disasters that have pronounced physical impact, have different effect on different sectoral FDI.

Design/methodology/approach

The authors merge a data set from emergency events database, which covers natural disasters occurrences with a sector-level data on FDI for 69 countries for the period 1980-2011, distinguishing between four different kinds of natural disasters such as meteorological, climate, hydrological and geophysical, as well as between different geographical regions.

Findings

Controlling for commonly accepted determinants of FDI, such as output growth, quality of institutions and natural resource abundance, the authors find that manufacturing FDI is negatively affected immediately after the disaster and positively in the longer run- a finding that is in unison with the “creative destruction” growth theory. Services FDI, on the other hand, do not show such pattern. Meteorological disasters have no effect on services FDI and climate and hydrological disasters have long-lasting negative effects. For both, manufacturing and services FDI, geophysical disasters have a positive impact on FDI in the long run.

Research limitations/implications

The study is limited to 69 countries for the period 1980-2011.

Practical implications

FDI bears tangible and intangible knowledge assets and provides means of financing, even in countries with under-developed banking systems and stock markets. FDI is impacted by climate change, manifested by intensifying and increase of frequency of natural disasters.

Social implications

Natural disasters destroy infrastructure and displace people. The rebuilding of infrastructure and intangible capital present an opportunity for upgrading.

Originality/value

This is the first study that analyzes the impact of natural disasters on sector-level FDI in a multicounty and regional context.

Details

International Journal of Climate Change Strategies and Management, vol. 12 no. 2
Type: Research Article
ISSN: 1756-8692

Keywords

Open Access
Article
Publication date: 23 July 2020

Gerry van Klinken

This paper focuses on the adaptations societies make to climate-related disasters. How they learnt from them in the past should indicate how they will respond in the more…

3472

Abstract

Purpose

This paper focuses on the adaptations societies make to climate-related disasters. How they learnt from them in the past should indicate how they will respond in the more climate-stressed future. National typhoon disaster politics arise when citizens demand disaster protection from their state.

Design/methodology/approach

The paper analyzes one episode of typhoon politics in each of three Asian countries before 1945: the Philippines (1928), India (1942) and Japan (1934). These three countries show high variance in state capacity and level of democracy. Discourse data are found in contemporary newspaper accounts.

Findings

In each case, the typhoon disaster politics were shaped by the “distance” (geographical, institutional, class and cultural) between citizen-victims and the state. Where that distance was great (rural Philippines, Bengal-India), the state tended to minimise victimhood. Where it was small (urban Japan), adaptation was serious and rapid.

Social implications

The findings should stimulate public discussion of the way in which past social relations and power dynamics surrounding climate-related disasters might influence the present. As the political character of climate change adaptation grows clearer, so does the need for debate to be well-informed.

Originality/value

Most historical work on climate-related disasters has focused either on the natural phenomena, or on their societal impact. The present paper's focus on adaptation is part of a small but growing scholarly effort to bend the debate towards the evolution of adaptive capacity.

Details

Disaster Prevention and Management: An International Journal, vol. 30 no. 1
Type: Research Article
ISSN: 0965-3562

Keywords

Article
Publication date: 4 October 2022

John D. McCollough, Gevorg Sargsyan and Zhe Luo

This paper focuses on one vital consequence which is that future infrastructure maintenance cost per capita will increase. Using a sample of 23 developed countries, this paper…

Abstract

Purpose

This paper focuses on one vital consequence which is that future infrastructure maintenance cost per capita will increase. Using a sample of 23 developed countries, this paper looks at rail line maintenance cost per capita in the year 2020 versus rail line maintenance cost per capita in the year 2100. This analysis can be applied to most other infrastructure maintenance costs in the future.

Design/methodology/approach

However, this paper focuses on one vital consequence which is that future infrastructure maintenance cost per capita will increase. Using a sample of 23 developed countries, this paper looks at rail line maintenance cost per capita in the year 2020 versus rail line maintenance cost per capita in the year 2100. This analysis can be applied to most other infrastructure maintenance costs in the future.

Findings

The findings show that trail line maintenance costs per capita in the year 2100 will increase significantly for most developed countries.

Research limitations/implications

This research shows the negative consequences of declining birth rates in a very vital and important area.

Practical implications

Despite declining birth rates and population decline in the future, many infrastructure systems still need to be maintained.

Social implications

Maintaining the infrastructure will extract increasing amounts of vital national resources away from other societal concerns.

Originality/value

From an extensive literature review, very little, if any, has been written on this subject. Yet, this topic is highly important and will continue to get more focus in the future.

Details

Journal of Economic Studies, vol. 50 no. 6
Type: Research Article
ISSN: 0144-3585

Keywords

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