Search results
1 – 10 of over 1000Lorenzo Cappellari and Stephen P. Jenkins
We analyse the dynamics of social assistance benefit (SA) receipt among working-age adults in Britain between 1991 and 2005. The decline in the annual SA receipt rate was driven…
Abstract
We analyse the dynamics of social assistance benefit (SA) receipt among working-age adults in Britain between 1991 and 2005. The decline in the annual SA receipt rate was driven by a decline in the SA entry rate rather than by the SA exit rate (which also declined). We examine the determinants of these trends using a multivariate dynamic random effects probit model of SA receipt probabilities applied to British Household Panel Survey data. We show how the model may be used to derive year-by-year predictions of aggregate SA entry, exit and receipt rates. The analysis highlights the importance of the decline in the unemployment rate over the period and other changes in the socio-economic environment including two reforms to the income maintenance system in the 1990s and also illustrates the effects of self-selection (‘creaming’) on observed and unobserved characteristics.
Details
Keywords
Adel Alti, Abbdellah Boukerram and Philippe Roose
The purpose of this paper was to design ontology for describing semantic context‐aware quality services, and to present a new web management tool that provides a great flexibility…
Abstract
Purpose
The purpose of this paper was to design ontology for describing semantic context‐aware quality services, and to present a new web management tool that provides a great flexibility and enables automatic semantic adaptation and customization of mobile client services.
Design/methodology/approach
The tool is developed using ontology‐based approach. This ontology captures a shared conceptual schema common in the tourism domain and maintains semantic quality information in heterogeneous service providers for service model. The results of the tool will be compared to prior works from other quality and distributed based service selection methods for mobile‐based application.
Findings
The tool support is based in the ontology Context‐aware Quality Semantic Web Service called (CxQWS). At the first step, services are defined as a set of semantic metadata, reflecting service requirements and QoS parameters. At the second step, services with a semantic contextual metadata are elaborated. Such a procedure ensures that the selection decisions should be based on the semantic quality representation of the created services. The SELETOR tool results suggest that the level of intelligent method use continue to be high flexibility in World Tourism organisations.
Research limitations/implications
The tourism services in a mobile environment have a critical role in creating tourist satisfaction. They are neither a uniform group, nor able to give consistently high service quality. Indeed they have significantly different platforms and a variety of heterogeneous service providers which make the management of service qualities complex.
Practical implications
A significant proposition is to integrate new tourism quality attributes of mobile‐based application, to provide a dynamic adaptation of selection services based on context metadata parameters (user, environment, device, and service provider context) and the management of the heterogeneity of service needs, of mobile devices capacities and their various communication protocols (GPRS, WIFI, Bluetooth, etc.) as well as the media variety (sound, video, text and image), possibly reflecting the decreased time responses and the increased visibility of standard services management methods.
Originality/value
The paper proposes SELECTOR, a dynamic service selection tool based on CxQWS ontology, defined as set of semantic metadata, which context and QoS parameters. The tool is based on semantic services and offer architecture, with three layers (semantic query, management and web services). The most innovative characteristic of the tool is that it profits from the potential of semantic representation techniques to express high level explicit constraints, while they may be useful to guide the selection and adaptation process. This tool provides low adaptation effort, e.g. takes into account all the heterogeneous services as its various communication protocols (GSM, 3G, Bluetooth, etc.) as consequences of self‐selection for dynamic context evolution guided by the adaptation policies.
Details
Keywords
Kenneth Y. Chay and Dean R. Hyslop
We examine the roles of sample initial conditions and unobserved individual effects in consistent estimation of the dynamic binary response panel data model. Different…
Abstract
We examine the roles of sample initial conditions and unobserved individual effects in consistent estimation of the dynamic binary response panel data model. Different specifications of the model are estimated using female welfare and labor force participation data from the Survey of Income and Program Participation. These include alternative random effects (RE) models, in which the conditional distributions of both the unobserved heterogeneity and the initial conditions are specified, and fixed effects (FE) conditional logit models that make no assumptions on either distribution. There are several findings. First, the hypothesis that the sample initial conditions are exogenous is rejected by both samples. Misspecification of the initial conditions results in drastically overstated estimates of the state dependence and understated estimates of the short- and long-run effects of children on labor force participation. The FE conditional logit estimates are similar to the estimates from the RE model that is flexible with respect to both the initial conditions and the correlation between the unobserved heterogeneity and the covariates. For female labor force participation, there is evidence that fertility choices are correlated with both unobserved heterogeneity and pre-sample participation histories.
Details
Keywords
Juan A. Sanchis Llopis, Juan A. Mañez and Andrés Mauricio Gómez-Sánchez
This paper aims to examine the interrelation between two innovating strategies (product and process) on total factor productivity (TFP) growth and the dynamic linkages between…
Abstract
Purpose
This paper aims to examine the interrelation between two innovating strategies (product and process) on total factor productivity (TFP) growth and the dynamic linkages between these strategies, for Colombia. The authors first explore whether ex ante more productive firms are those that introduce innovations (the self-selection hypothesis) and if the introduction of innovations boosts TFP growth (the returns-to-innovation hypothesis). Second, the authors study the firm’s joint dynamic decision to implement process and/or product innovations. The authors use Colombian manufacturing data from the Annual Manufacturing and the Technological Development and Innovation Surveys.
Design/methodology/approach
This study uses a four-stage procedure. First, the authors estimate TFP using a modified version of Olley and Pakes (1996) and Levinsohn and Petrin (2003), proposed by De Loecker (2010), that implements an endogenous Markov process where past firm innovations are endogenized. This TFP would be estimated by GMM, Wooldridge (2009). Second, the authors use multivariate discrete choice models to test the self-selection hypothesis. Third, the authors explore, using multi-value treatment evaluation techniques, the life span of the impact of innovations on productivity growth (returns to innovation hypothesis). Fourth, the authors analyse the joint likelihood of implementing process and product innovations using dynamic panel data bivariate probit models.
Findings
The investigation reveals that the self-selection effect is notably more pronounced in the adoption of process innovations only, as opposed to the adoption of product innovations only or the simultaneous adoption of both process and product innovations. Moreover, our results uncover distinct temporal patterns concerning innovation returns. Specifically, process innovations yield immediate benefits, whereas implementing both product innovations only and jointly process and product innovations exhibit significant, albeit delayed, advantages. Finally, the analysis confirms the existence of dynamic interconnections between the adoption of process and product innovations.
Originality/value
The contribution of this work to the literature is manifold. First, the authors thoroughly investigate the relationship between the implementation of process and product innovations and productivity for Colombian manufacturing explicitly recognising that firms’ decisions of adopting product and process innovations are very likely interrelated. Therefore, the authors start exploring the self-selection and the returns to innovation hypotheses accounting for the fact that firms might implement process innovations only, product innovations only and both process and product innovations. In the analysis of the returns of innovation, the fact that firms may choose among a menu of three innovation strategies implies the use of evaluation methods for multi-value treatments. Second, the authors study the dynamic inter-linkages between the decisions to implement process and/or product innovations, that remains under studied, at least for emerging economies. Third, the estimation of TFP is performed using an endogenous Markov process, where past firms’ innovations are endogenized.
Details
Keywords
Herbert Brücker and Cécily Defoort
The paper seeks to analyse the self‐selection of international migrants on observable skills.
Abstract
Purpose
The paper seeks to analyse the self‐selection of international migrants on observable skills.
Design/methodology/approach
Based on an extended version of the Roy model, which considers random migration costs, the authors analyse the self‐selection of migrants on observable skills empirically. For this purpose, the authors employ a new panel data set on the educational attainment of migrants, which covers migration from 143 sending countries into the six main receiving countries in the OECD from 1975 to 2000.
Findings
Migrants tend to be positively self‐selected on observable skills, although the inequality in earnings is larger in the sending country relative to the destination countries. The estimation results indicate that a higher inequality in the distribution of earnings in both the receiving and the sending country affects the skill bias of the migrant population favourably. Moreover, higher migration costs and selective immigration policies increase the skill level of migrants relative to those of stayers in the sending countries.
Research limitations/implications
The results may be affected by measurement error, since it was necessary to approximate the returns to education by measures for the inequality of earnings.
Practical implications
The paper provides, inter alia, insights as to how immigration and other policies affect the self‐selection of migrants on observable skills, which may be relevant for policy makers.
Originality/value
To the authors' knowledge, this is the first paper to analyse the self‐selection of migrants on the basis of a panel data set.
Details
Keywords
This paper aims to investigate firm‐level interactions between productivity and exporting in Uganda's manufacturing sector.
Abstract
Purpose
This paper aims to investigate firm‐level interactions between productivity and exporting in Uganda's manufacturing sector.
Design/methodology/approach
The paper empirically tested two hypotheses that relate to the dynamic gains from trade and also have tended to dominate the literature; self‐selection and learning‐by‐exporting hypotheses. It employs proxies of self‐selection and learning‐by‐exporting obtained from indices of path dependence to fit maximum likelihood estimates of export behavior.
Findings
The results provide support for both hypotheses and it is also found that more experienced exporters reap more productivity gains from learning effects which is in line with the view that knowledge spillovers to exporting firms increase with the level of interaction in the global market place. Thus, learning‐by‐exporting is not a “short term” occurrence which takes place only in the first few years of entry in export markets after which it would fizzle out as a firm's exporting experience increases but rather, it is a cumulative process.
Practical implications
This paper generates a number of insights that can guide policy makers in designing policies to promote firm productivity growth that is an engine of growth in the private sector and by extension, would fuel up overall economic growth and poverty reduction.
Originality/value
Previous studies on exports and growth in Uganda have been basically focused on macro‐data analysis; yet, promoting rapid expansion of manufactured exports may require more than just a good macroeconomic policy environment. This study fills the research gap by relating firm‐level productivity performance to the microeconomic environment in which manufacturing firms operate.
Details
Keywords
Zhizhen Chen, Frank Hong Liu, Jin Peng, Haofei Zhang and Mingming Zhou
We examine whether loan securitization has an impact on bank efficiency. Using a sample of large US commercial banks from 2002 to 2012, we find that bank loan securitization has a…
Abstract
We examine whether loan securitization has an impact on bank efficiency. Using a sample of large US commercial banks from 2002 to 2012, we find that bank loan securitization has a significant and positive impact on bank efficiency, and this relationship is stronger for banks with higher capital ratios, higher default risk, and lower level of liquidity and diversification. Our results are robust to Heckman self-selection correction and difference-in-difference (DID) analysis. In addition, these results are found mainly in non-mortgage loan securitizations but not in mortgage loan securitizations. Finally, we show that loan sales also have a positive impact on bank efficiency.
Details
Keywords
Emanuel Gomes, Ferran Vendrell-Herrero, Kamel Mellahi, Duncan Angwin and Carlos M.P. Sousa
Whilst substantial evidence from low-corruption, developed market environments supports the view that more productive firms are more likely to export, there has been little…
Abstract
Purpose
Whilst substantial evidence from low-corruption, developed market environments supports the view that more productive firms are more likely to export, there has been little research into analysing the link between productivity and exports in high corruption, developing market environments. The purpose of this paper is twofold. First, to test the premise of self-selection theory whether the association between productivity and export is maintained in high-corruption environments, and second to identify other variables explaining export activity in high-corruption contexts, including cluster networks and firms’ competences.
Design/methodology/approach
The authors draw on the World Bank Enterprise survey to undertake a cross-section analysis including 1,233 small- and medium-sized enterprises (SMEs) located in nine African countries. The advantage of this database is that it contains information about the level of perceived corruption at firm level. Logistic regressions are performed for the full sample and for subsamples of firms in high- and low-corruption environments.
Findings
The findings demonstrate that the self-selection theory only applies to low-corruption environments, whereas in high-corruption environments, alternative factors such as cluster networks and outward-looking competences (OLC) exert a stronger influence on the exporting activity of African SMEs.
Research limitations/implications
This research contributes to the theory as it provides evidence that contradicts the validity of self-selection theory in high-corruption environments. The findings would benefit from further longitudinal investigation.
Practical implications
African SMEs need to consider cluster networks and OLC as important strategic factors that might enhance their international competitiveness.
Originality/value
The criticism of the self-selection theory is distinctive in the literature and has important implications for future research. The authors show that the contextualisation of existing theories matters and this opens a research avenue for further more sensitive contextualisation of existing theories in developing economies.
Details
Keywords
– The purpose of this paper is to examine if and how entrepreneurial assistance programs, through guided preparation, affect start-up success.
Abstract
Purpose
The purpose of this paper is to examine if and how entrepreneurial assistance programs, through guided preparation, affect start-up success.
Design/methodology/approach
–This study uses Heckman's two-stage sample selection model to predict the effect of contact and interactions with entrepreneurial support programs on start-up outcomes while taking into account the entrepreneur's self-selection into obtaining support from these programs.
Findings
The results indicate that, after controlling for individual characteristics, activities undertaken during the start-up process, organizational characteristics and external factors, guided preparation contributes to a greater likelihood of achieving positive start-up outcome. This finding holds even after controlling for the entrepreneur's self-selection into contacting and using outside assistance.
Research limitations/implications
Results suggest that self-selection bias remains a concern when studying the impact of assistance programs on start-up outcomes. Future research should make sure to address self-selection in their analysis.
Practical implications
The study's results have implications for the design of start-up programs. It highlights the importance of delivery structures that are fluid, flexible, interactive, experiential, and tailored to the individual entrepreneur's needs.
Originality/value
This study focusses on assistance programs broadly defined (includes many different types of programs) and provides an empirical analysis that addresses self-selection.
Details
Keywords
Manoj Subhash Kamat and Manasvi M. Kamat
This study aims to find whether the Indian private corporate sector follow stable cash dividend policies, whether dividends smoothen earnings, estimate the implicit target…
Abstract
Purpose
This study aims to find whether the Indian private corporate sector follow stable cash dividend policies, whether dividends smoothen earnings, estimate the implicit target dividend ratio, and examine the determinants along with speed of adjustment of dividends towards a long run target ratio.
Design/methodology/approach
The study uses the instrumental variable (IV) approach for dynamic panel data for 1971‐2010 periods controlling for economic reforms. The GMM‐in‐levels model, GMM‐in‐first‐differences and GMM‐in‐systems are alternatively estimated to include other lag structures.
Findings
In the post‐reform period lower dividends are consistent with rapid growth in the economic environment and the tendency to smoothen dividends has considerably decreased over time. The estimated model suggests dividends substitute for less opportunity for internal growth and increased general likening to relatively retain their earnings and finance their growth, unlike the past.
Research limitations/implications
Limitation to capture substitution, ownership and self selection effects stems up from data as the Annual Studies RBI does not include such variables, does not capture qualitative data and disallows identification of the firm.
Practical implications
The paper documents long run trends and inter‐temporal dividend patterns controlling economic reforms for a relatively larger number of public limited firms nearing four decades for an emerging economy.
Originality/value
This is a first attempt to take a holistic view of dividend using rich set of unexplored dynamic panel data on Indian firms controlling for reforms using contemporary econometric models and analyzes issues relating determinants, smoothening and stability of the corporate dividend structure.
Details