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Articles ( Showing 1-20 of 119 items)
Searched for: [ Keywords: "the public pension system" ] clear all
Journal Article
Pension Funds: The Importance of Corporate Governance
by Clea Beatriz Macagnan , Cristiane Benetti , Luiz Alberto Mangoni  and  Daniel Francisco Vancin
Abstract
This study analyzed whether the level of corporate governance of companies listed on the Brazilian capital market is related to the investment decisions of Brazilian pension funds. We start from the assumption that the corporate governance system mitigates the moral risk, that may arise in the relationship between corporate managers and investors and respective shareholders, Br [...] Read more

Review
Does Social Security Crowd out Private Wealth? A Survey of the Literature
by Marcin Wron ski
Abstract
In this paper, we review the research on the substitution between social security wealth and private wealth. Our review includes over 100 theoretical and empirical contributions. Nearly 70% of the literature identifies the statistically significant impact of social security wealth on different forms of private savings. A strong majority of authors, who obtain statistically sign [...] Read more

Journal Article
Dilemma for fiscal policies: supporting economic activity, or ensuring public debt sustainability?
by Séverine Menguy
Abstract
We study analytically the conflict of goals between stabilizing economic activity and public debt sustainability, for the fiscal authorities. In the short run, an active and expansionary fiscal policy, increasing public investment or reducing the labor taxation rate, is growth enhancing. However, as these short term fiscal policies also decrease government revenue and increase [...] Read more

Journal Article
Public Diplomacy and Chinese OFDI: Empirical Evidence from the Africa
by Xinjian Ye , Zhuolin Wu , Shuocong Gu  and  Shikuan Zhao
Abstract
Public diplomacy is a significant factor in promoting policy communication, people-to-people bonds, and the protection of foreign assets between two nations, but there is little research on the economic worth of public diplomacy. Python was used to crawl the daily search frequency of "China", "African countries", and related terms to construct the heat index of China-Africa pub [...] Read more
Hit Affiliation:
School of Public Policy and Administration, Chongqing University, Chongqing, China

Journal Article
Are CEOs Paid for Performance? A Study of CEO’s Compensation in the Public Sector Corporations
by Krishna Reddy
Abstract
This study provides insight into CEO compensation dynamics in the public sector and private sector publicly listed firms in New Zealand. This research uses descriptive statistics, OLS regression, and the difference-in-difference method to analyze the compensation-performance relationship for the period 2005 to 2012. Our findings show that CEOs in the private sector publicly lis [...] Read more

Journal Article
Fundamental character of the risk premium to influence the sustainability of the public debt
by Séverine Menguy
Abstract
Traditionally, conditions of sustainability of the public debt have long been related quite exclusively to fiscal policy and to budgetary parameters. However, the interaction between fiscal and monetary policies regarding the fixation of the interest rate is fundamental. Indeed, a simple analytical modelling shows that if the nominal interest rate increases exponentially with t [...] Read more

Journal Article
Examining the Response of Currency Outside the Banking System to the Rise in E-Payment Systems in Nigeria
by Innocent Chile Nzeh , Hycenth Richard Oguejiofoalu Ogwuru , Ifeoma Sandralyn Obiukwu , Irene Olanma Onwuemeka  and  Kelechi Chibueze Abamara
Abstract
This study investigated the response of currency outside the banking system to the rise in the use of the e-payment outlets in Nigeria. The study is motivated by the recent rise in the use of e-payment systems and their likely tendency to reduce the currency outside the banking system. Using monthly series over the period from 2012M12 to 2022M12, the study applied the VAR model [...] Read more

Journal Article
Testing an Extended Knowledge-Capital Model of Foreign Direct Investment: The Role of Public Knowledge Inputs
by Henk L. M. Kox
Abstract
The knowledge-capital model explains outward foreign direct investment (FDI) of a country from its relative abundance of its knowledge assets. Early versions of the knowledge-capital theory model these assets as if they were only the results of knowledge investments by private firms. We extend the theory by a formal model of the public-private interaction in knowledge developme [...] Read more

Journal Article
Trust in Government and COVID-19 Preventive Behaviors
by Yenny Guzman-Ruiz , Joshua Choe , Gerard F. Anderson  and  Antonio J. Trujillo
Abstract
High levels of trust are positively correlated with increased collaboration, prosocial actions, and heightened adherence to preventive behaviors during the COVID-19 pandemic. Previous studies on trust during the pandemic have primarily focused on either cross-sectional data or its impact in conjunction with other related variables, such as political party affiliations or vaccin [...] Read more
Hit Affiliation:
Department of Health Systems and Population Health, University of Washington, Seattle, US
Department of International Health, Johns Hopkins Bloomberg School of Public Health, Baltimore, US

Journal Article
Divergences among ESG rating systems: Evidence from financial indexes
by Conghao Zhu  and  Cunyi Yang
Abstract
This paper specifically underscores the disparities among various ESG rating systems in China, highlighting their varied interpretations and emphasis on corporate financial factors. Analyzing data on Chinese listed firms from 2009-2022, we observe that while company size and leverage ratio uniformly correlate with ESG scores across rating agencies such as Bloomberg, Huazheng, W [...] Read more

Journal Article
The Efficiency of Rural Public Finance Inputs in Promoting Rural Revitalization: Empirical Analysis Based on Henan Province, China
by Chaoyang Tu , Zhenyu Chen , Yasir Habib  and  Zheng Peng
Abstract
The No.1 document of the Central Government of China has been on the theme of "agriculture, rural areas and farmers" for nearly ten years, placing the solution of "agriculture, rural areas and farmers" at the forefront of the Chinese government's work. Located in the Central Plains, Henan Province in China is one of the major agricultural provinces in China and plays an extreme [...] Read more

Journal Article
The Moderating Role of Organizational Structure Between Quality Management Systems and Organizational Resilience
by Mohammed Al Balushi
Abstract
Purpose: To realize the benefits a Quality Management System (QMS), an organization needs to effectively implement its principles. This includes embracing these principles within an enabling environment. Hence, organizational structure is a critical success factor for adopting quality management systems. This paper aims at understanding how the organizational structure impacts [...] Read more

Journal Article
An Operational Framework for a Low-carbon, Green Growth Economy: CO-STIRPAT Dynamic System
by Ick Jin
Abstract
This paper presents an operational framework for assessing the trajectories of production, energy, emissions, and capital accumulation to ensure the implementation of Nationally Determined Contributions (NDCs). The framework combines widely used methodologies (STIRPAT, system dynamics, and optimization) to simulate the pathways of variables until a target year. The CO-STIRPAT d [...] Read more

Journal Article
Underlining issues of emerging economies: a case of East and Southeast Asian Countries
by Mohammad Rezaul Karim  and  Md. Mizanur Rahman
Abstract
Overall development of a country largely depends on the economic policy instruments particularly fiscal and monetary policy to streamline the development and continue the developmental progress. These two policies have significant effects on long-term growth. It is noticed that policy adoption and reforms in both fiscal and monetary policies undertaken by Southeast Asian nation [...] Read more
Hit Affiliation:
Bangladesh Public Administration Training Centre, Deputy Director, Dhaka, Bangladesh
Bangladesh Public Administration Training Centre, Research Officer, Dhaka, Bangladesh

Letter
Time to build, financial frictions, and the effectiveness of fiscal stimulus
by Zhiming Ao , Ziyue Chen  and  He Nie
Abstract
By introducing time to build, which creates a time-lag between government investment and the accumulation of productive capital, into an analysis of fiscal stimulus to the economy with financial frictions, we find that the effectiveness of fiscal policy is dampened. While the weakening effects of time to build become significantly weaker alongside with a higher fraction of gove [...] Read more

Journal Article
Do policy coordination dynamics matter? A quantitative analysis perspective on China's scientific and technological policy evolution
by Yu Yang  and  Nur Ajrun Khalid
Abstract
Even though policy coordination is one of the oldest challenges that governments have to confront, as problems evolve and "New Public Management" concepts emerge, it has become even more essential. The current literature on policy coordination among government agencies, however, shows little regarding the way coordination is managed under centralized political systems. This stu [...] Read more

Journal Article
It is All About Information: Six Common Fallacies in Financial Economics
by Klaus Schredelseker
Abstract
Based on the results of a simple Agent Based Model (ABM) six common and widely affirmed statements in financial economics are discussed: (1) The better an investor is informed, the higher his performance is expected to be, (2) There is a well-defined state of art how to make sound financial decisions, (3) High standards of public information create private as well as public val [...] Read more

Journal Article
The Effect of Public Contract Winning Announcements on Share Prices: An Event-Based Study on the Pharmaceutical Industry
by Eyden Samunderu  and  Anita Yordanova
Abstract
The purpose of this paper is to examine and elucidate the effect of the announcement of winning a US federal contract by pharmaceutical companies, traded on the NASDAQ stock exchange on the share prices. The analysis is based on a sample of 327 event days from 12 pharmaceutical companies listed on the NASDAQ market for a given period (2010 – 2021). The sample is analysed [...] Read more

Journal Article
Does the ‘Double Reduction’ Policy Reduce ‘Rat Race’? A Natural Experimental Study in China
by Philip Arestis , Mianshan Lai , Jiale Yang  and  Yuexun Zhong
Abstract
This paper investigates the effects of an unprecedented education policy called ‘double reduction’ (DR) on students’ performance, with evidence from China. One of the significant changes brought about by this policy is the transition of examination scores from a numerical system to a grading system. We found a junior middle school in a small town in Guangzhou [...] Read more

Journal Article
Optimal Commodity Storage: Privately and Publicly Financed Storage Compared
by Paul Hallwood
Abstract
Consideration of optimal commodity storage with different discount rates. Finding that, even with a lower discount rate than private storage, optimal government-financed storage may not narrow price fluctuations compared with optimal privately financed storage because a government has to choose a probability of buffer stock failure greater than zero to economize on storage cost [...] Read more