Has the Mexican inter-regional growth and convergence experience also occurred within single regions? Using the important southern region of Veracruz, the purpose of this paper is…
Abstract
Purpose
Has the Mexican inter-regional growth and convergence experience also occurred within single regions? Using the important southern region of Veracruz, the purpose of this paper is to examine this question over a 48-year period within a single Mexican state.
Design/methodology/approach
Growth is examined using a standard two input stochastic production function (SPF) that creates a measure of technical efficiency. Convergence is measured using a convergence equation from the literature but which also included the results from the SPF analysis to incorporate not only initial levels of inputs but also the ability of a municipio to utilize these inputs. Data collection in Mexico and online included a long run database of 149 municipios in Veracruz from 1960 thru 2008.
Findings
A stochastic Cobb-Douglas technology is found to fit the long run growth of Veracruz province well. In the 1960s, 2000s and the long run (1960-2008), weak evidence for the municipios in Veracruz appear to be converging with a relatively higher level of technical efficiency resulting in slower growth of industrial labor productivity is found. Some very recent improvement in technical efficiency may be the result of institutional as well as economic reforms finally allowing an exiting of inefficient firms that has kept the levels of municipio industrial technical efficiency stagnant for decades at about 70 percent.
Research limitations/implications
Data were limited to 149 municipios because of the need to track long run trends. Data were also limited by the need to use what was available in 1960 in a direct comparison with 2008. The design of the study was to use the technical efficiency index as a proxy for much of the missing data on institutions in the historic period. Panel data were used because the economic census is not done every year plus the turmoil in the Mexican economy in the 1980s thru the end of the 1990s make imputation of missing years at the local level quite difficult.
Practical implications
The paper provides a baseline to analyze the long run intra-regional economic growth of other Mexican states which have a large number of municipios. It begins the exciting possibility of looking at Mexican long run growth from the municipio level which has historically played an important role in Mexico.
Originality/value
This is the first study to examine long run growth within a Mexican state at the municipio level using both the production function and convergence literature. Results suggest several avenues for further research inside Veracruz and across Mexico.
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Transient climate sensitivity relates total climate forcings from anthropogenic and other sources to surface temperature. Global transient climate sensitivity is well studied, as…
Abstract
Transient climate sensitivity relates total climate forcings from anthropogenic and other sources to surface temperature. Global transient climate sensitivity is well studied, as are the related concepts of equilibrium climate sensitivity (ECS) and transient climate response (TCR), but spatially disaggregated local climate sensitivity (LCS) is less so. An energy balance model (EBM) and an easily implemented semiparametric statistical approach are proposed to estimate LCS using the historical record and to assess its contribution to global transient climate sensitivity. Results suggest that areas dominated by ocean tend to import energy, they are relatively more sensitive to forcings, but they warm more slowly than areas dominated by land. Economic implications are discussed.
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Shari L. Hopkins, Katrina A. Hovey and Julia E. Snider
The principles of a fair, equitable, and quality education are embodied in both federal legislation in the United States and the United Nations 2030 Agenda for Sustainable…
Abstract
The principles of a fair, equitable, and quality education are embodied in both federal legislation in the United States and the United Nations 2030 Agenda for Sustainable Development, Goal 4 (SDG 4). However, inclusive education has remained fairly static since passage of SDG 4 in 2015. In this chapter, we posit that the primary levers influencing the inclusion of students with disabilities in general education content and classrooms is a result of the policies governing special education, in addition to the stigmatization of disability. Furthermore, how intersectional identities serve to segregate students with disabilities from their peers is explored.
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This chapter contributes to the ongoing debate about how digitalisation affects the internationalisation of small- and medium-sized firms (SMEs). By applying the Uppsala…
Abstract
This chapter contributes to the ongoing debate about how digitalisation affects the internationalisation of small- and medium-sized firms (SMEs). By applying the Uppsala Internationalisation Process model, this chapter examines the impact of e-commerce on the internationalisation of SMEs. The study uses a unique dataset, which includes 14,513 SMEs across several sectors in 34 countries. The results show that firms using the Internet as a means to provide information about the firm exhibit a higher degree of internationalisation, while using the Internet to facilitate transactions was found to have a positive impact on the ratio of foreign sales to the total sales; however, these foreign sales are likely to be concentrated in less regions/markets. Furthermore, perceived export barriers were found to be a significant moderator of the effects of e-commerce usage on international intensity and international diversification. This suggests that e-commerce does not automatically facilitate the internationalisation of SMEs.
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President Bill Clinton has had many opponents and enemies, most of whom come from the political right wing. Clinton supporters contend that these opponents, throughout the Clinton…
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President Bill Clinton has had many opponents and enemies, most of whom come from the political right wing. Clinton supporters contend that these opponents, throughout the Clinton presidency, systematically have sought to undermine this president with the goal of bringing down his presidency and running him out of office; and that they have sought non‐electoral means to remove him from office, including Travelgate, the death of Deputy White House Counsel Vincent Foster, the Filegate controversy, and the Monica Lewinsky matter. This bibliography identifies these and other means by presenting citations about these individuals and organizations that have opposed Clinton. The bibliography is divided into five sections: General; “The conspiracy stream of conspiracy commerce”, a White House‐produced “report” presenting its view of a right‐wing conspiracy against the Clinton presidency; Funding; Conservative organizations; and Publishing/media. Many of the annotations note the links among these key players.
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Shyh‐Wei Chen and Tzu‐Chun Chen
The purpose of this paper is to examine the relationship between stock prices and exchange rates in 12 OECD countries.
Abstract
Purpose
The purpose of this paper is to examine the relationship between stock prices and exchange rates in 12 OECD countries.
Design/methodology/approach
The authors examine the nexus of stock prices and exchange rates for 12 OECD countries by using the vector error correction model, the bounds testing methodology and linear and non‐linear Granger causality methods.
Findings
The empirical results substantiate that a long‐run level equilibrium relationship among the exchange rates and stock prices exists in only seven out of twelve countries. The results of the linear causality tests indicate that significant short‐run and long‐run causal relationships exist between the two financial markets. The results of the tests for non‐linear Granger causality suggest that unidirectional and bidirectional non‐linear causal relationships exist between stock prices and exchange rates among these OECD countries.
Originality/value
The findings from this paper suggest the causal relationships between stock prices and exchange rates are not only linear, but also non‐linear.
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Edem Kofi Boni and S. Asieh H. Tabaghdehi
The retail industry has experienced significant transformations driven by digitalization and the challenges posed by the COVID-19 pandemic. This chapter aims to explore the impact…
Abstract
The retail industry has experienced significant transformations driven by digitalization and the challenges posed by the COVID-19 pandemic. This chapter aims to explore the impact of digitalization on retail business models and understand consumer purchasing habits during emergencies. This chapter will examine the influence of scarcity and competitive arousal on consumer choices, the effects of stock-outs on brand and store preferences, price sensitivity, waiting times and the shift towards online shopping. Additionally, it will address concerns about social exclusion in digital channels and the potential for bridging the gap between offline and online shopping experiences.
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Alexandra L. Ferrentino, Meghan L. Maliga, Richard A. Bernardi and Susan M. Bosco
This research provides accounting-ethics authors and administrators with a benchmark for accounting-ethics research. While Bernardi and Bean (2010) considered publications in…
Abstract
This research provides accounting-ethics authors and administrators with a benchmark for accounting-ethics research. While Bernardi and Bean (2010) considered publications in business-ethics and accounting’s top-40 journals this study considers research in eight accounting-ethics and public-interest journals, as well as, 34 business-ethics journals. We analyzed the contents of our 42 journals for the 25-year period between 1991 through 2015. This research documents the continued growth (Bernardi & Bean, 2007) of accounting-ethics research in both accounting-ethics and business-ethics journals. We provide data on the top-10 ethics authors in each doctoral year group, the top-50 ethics authors over the most recent 10, 20, and 25 years, and a distribution among ethics scholars for these periods. For the 25-year timeframe, our data indicate that only 665 (274) of the 5,125 accounting PhDs/DBAs (13.0% and 5.4% respectively) in Canada and the United States had authored or co-authored one (more than one) ethics article.