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The purpose of this paper is to investigate inflation convergence within the East African Community (EAC) as it aspires to become a currency union.

An unobserved dynamic factor model was used to decompose the variation in inflation into a component that is common across the countries in the EAC region and a component that is country specific. Convergence was measured by the percentage of variation in inflation that is common across countries.

The estimated results from the dynamic factor model for the pre‐EAC Treaty (1981:3 to 2000:2) period and post‐EAC Treaty (2000:3 to 2009:1) period suggest that the percentage variation in inflation in the EAC that is explained by the common regional component increased significantly during the post‐Treaty period.

One of the limitations of this paper is that it does not address the mechanism through which the convergence in a currency union is achieved. Future research should try to examine the link between convergence and different macroeconomic policies.

This paper suggests that the push towards forming a currency union in East Africa has led to a greater degree of inflation synchronization across different countries in the region.

The main contribution of this paper is to use an unobserved component model to estimate the degree of inflation synchronization in East African countries.

Concrete is found to undergo degradation when subjected to elevated temperatures during an accidental event, such as fire and lose substantial amount of its original strength. The loss of strength in concrete is mainly attributed to the decomposition of Calcium Silicate Hydrate (C-S-H) and release of chemically bound water, which begins when the exposure temperature exceeds 500°C. When such a concrete is supplied with water and allowed to recure, it is found to recover substantial amount of its lost strength. This work is carried out to investigate the effect of recuring on strength recovery of un-blended and blended concrete specimen (100 mm cubes) subjected to elevated temperatures from 400°C to 700°C, in steps of 100°C, for a retention period of two hours at the designated temperatures. The concrete cubes immediately after exposure were subjected to thermal shock by quenching them in water, and then temperature of thermally shocked concrete is allowed to cool to room temperature. The cooled specimen were then recured in water for 1, 3, 7, 14, 21, 28, 56 days and tested for compressive strength recovery. These studies were carried out for Portland Cement (PC) based concrete and Portland & Granulated Blast Furnace Slag (70% PC + 30% GGBS) based concrete (blended concrete), and some interesting results are presented and discussed in this paper.

This paper aims to study and assess residual strengths of concrete specimen exposed to elevated temperatures by core recovery tests.

The appraisal of concrete structures is typically carried out by means of partially destructive tests such as tests on concrete cores taken from the structure and non-destructive testing.

This paper presents results associated with determination of residual compressive strengths of plain and reinforced concrete elements exposed to elevated temperatures by core recovery test. Physical observations and results of compressive strengths of cores extracted from plain cement concrete, as well as from reinforced concrete beam elements exposed to elevated temperatures, have been presented.

The empirical relations have been proposed between standard cube and core extracted for compressive strength of concretes exposed to elevated temperatures are useful for damage diagnosis.

Concrete in structures is likely to be exposed to high temperatures during fire. The probability of its exposure to elevated temperatures is high due to natural hazards, accidents and sabotages. Therefore, the performance of concrete during and after exposure to elevated temperature is a subject of great importance and interest to the designer. Popular normal strength grades of concrete produced by Ready Mix Concrete (RMC) India, Mangalore have been used in production of test specimens (150 mm cubes), cured and tested by destructive method for gathering data on strength characteristics. Later, these test samples were subjected to elevated temperatures ranging from 100°C to 800°C, in steps of 100°C with a retention period of 2 hours. After exposure, weight losses and the residual compressive strength retention characteristics are studied. Test results indicated that weight and strength significantly reduces with an increase in temperature. Residual compressive strength prediction equations are proposed for normal strength concretes subjected to elevated temperatures.

A plethora of studies have documented evidence on morbidity patterns and treatment-seeking behaviour among older persons in India. However, so far no attempt has been made to understand differences in the morbidity prevalence rates and utilization of health care services among older adults between religion groups in India. The purpose of this paper is to make an effort in this direction.

Multivariate logistic regression models were fitted to examine the association between socio-demographic conditions and morbidity prevalence and health care-seeking behaviours among the two religion groups: Hindu and Muslim. Data from the 60th round of the National Sample Survey in 2004 were used.

This study provided interesting evidence that, overall, the morbidity prevalence rate was higher among Muslim older persons than their Hindu counterparts by seven percentage points and Hindu scheduled caste (SC) and scheduled tribe (ST) counterpart population (compared to SCs eight percentage points, and STs 20 percentage points); income had no association with the burden of disease among Muslim older population – an older person belonging to the first income quintile was equally likely to report ill-health as an older person of the fifth income quintile. However, despite the low socio-economic status, Muslim older persons were more likely to seek treatment for ill-health compared to Hindu older persons but spent less money for treatment. Also, loss of household income due to sickness was greater among Muslim compared to Hindu older adults.

The findings of this study are important to support the policy makers and health care providers in identifying individuals “at risk” and could be integrated into the current programs of social, economic and health security for the older persons.

Despite some decline, most Sub Saharan African countries still exhibit very high levels of fertility, resulting in the lengthening of the phase of strong population growth. Using Demographic and Health Surveys (DHS) data collected over a pooled sample of more than 430,000 married women living in 33 countries, the author examines the relationship between empowerment and desired fertility. The author constructs six different proxies of empowerment: two “objective” proxies (education and labor force participation), three “subjective” proxies (say in household decisions, non-acceptance of domestic violence, and no son preference), and a “relative” proxy (small spousal age difference). The author first shows that these six dimensions are related with one another and highly variable from one country to another across the region. the author then explores the relationship of these dimensions with desired fertility at the individual level. On the pooled sample, the author find that there is a strong and negative relationship between all six dimensions of empowerment and desired fertility: in other words, women who have a low degree of empowerment tend to want a higher number of children. This result still holds when taking into account country fixed-effects to account for country-level characteristics. However, when examining more closely the relationship at the country level, the author finds that there is some variation on the strength of the relationship and that its sign is reversed for some indicators in some countries. Lastly, the author finds that local context matters which suggests that empowerment policies should address both the individual and collective dimensions of empowerment.

This paper aims to tackle an important question related to women’s economic empowerment in highly patriarchal societies like Egypt. The paper discusses individual, household, wealth and location factors determining women empowerment, as measured by two dimensions: decision-making power and mobility.

Using the “Egypt Labor Market Panel Survey” (ELMPS) 2012, a Multiple Indicators Multiple Causes (MIMIC) model was estimated to study the main economic resources and social constraints that determine women empowerment as measured by the power of women over household decisions and her freedom of movement in Egypt.

Three key messages could be delivered. First, women’s own economic resources as captured by her employment status are an important source of her empowerment. Second, contrary to theoretical prediction education is not playing its expected role in developing awareness and transforming ideas concerning gender roles in Egypt. Third, the importance of social local context is fundamental for Egyptian women empowerment.

This study is an attempt to address some of the gaps in the literature for the Egyptian case, where there is a lack in rigorous studies measuring women empowerment and examining its determinates. This is done by first, tackling multiple dimension of women’s empowerment, decision-making inside households and freedom of mobility. Second, using MIMIC model, which is a modeling approach that allows for studying the relations between several causes of a given latent variable, such as “Empowerment” in our case, and a number of its possible indicators, without a directly observable measure of the latent variable. Third, using the most recent set of data; the ELMPS 2012 which has a special focus on women’s resources and agency that permits greater content validity of the multidimensional setup. Forth, the macro level differences in women’s status are tackled through using location dummy variables. Finally, given the important correlation between wealth level and women empowerment, the paper is considered a first attempt to analyze such impact by including a variable that captures the wealth level of the woman’s household as one determinant of empowerment.

The purpose of the paper is to address money demand instability and investigate the impact of economic uncertainty, stock market uncertainty and monetary uncertainty on money demand in India over the period 2003Q1–2019Q4.

The study checks the stationarity of the variables through standard unit root tests. Based on the mixed order of variables' integration, the authors adopt the autoregressive distributed lag (ARDL) model to confirm the cointegration and check the stability of the money demand function (MDF).

The findings confirm the presence of cointegration and reveal a well-specified MDF, which exhibits stable parameters. Besides the conventional variables, all forms of uncertainties emerge as the essential long-term determinants of money demand. Long-run findings show that people demand more money to avoid the future financial crunch amid high economic, monetary and stock market uncertainties.

The paper recommends, based on the findings, incorporating the monetary aggregates in the monetary policy framework as one of the essential information variables to control the fluctuation in the price level under the current flexible inflation targeting (FIT) regime.

The findings also add to the knowledge of economic agents in terms of the overall response of individuals to changes in different forms of uncertainties, thereby helping to formulate their portfolios more diligently.

The current work is the first of its kind in the Indian context. The incorporation of uncertainty measures in the MDF adds to the existing knowledge on money demand.

Women's empowerment is a crucial gender issue and more so in developing countries. Women's empowerment has far-reaching consequences at individual, household, societal and global levels. In this study, the authors focus on the effect of their childhood and pre-marriage conditions on the present level of empowerment in the rural setting in the southern part of India controlling for relevant variables.

This study is based on the primary data collected from 700 women in southern India's villages. The authors used chi-square to understand the bivariate association between the level of women's empowerment and their socio-economic characteristics including their pre-marriage conditions. Further, multiple regression was used to find out the association between her pre-marriage characteristics and empowerment.

The study finds a positive association between mothers' education on their daughters' empowerment. Freedom of movement during childhood also had a positive relationship with the current level of empowerment. The study finds a positive effect of self-esteem and self-efficacy on women's empowerment. The authors also found that property in their names and knowledge about their legal rights were associated with higher empowerment. Other important indicators related to higher women's empowerment are household assets and their employment.

To the best of the authors' knowledge, this study is a unique attempt to study the effect of conditions before marriage on women's empowerment, especially in the Indian context. The study looks into the relationship between childhood conditions of women in a rural set up including their parents' education and jobs, discrimination faced and upbringing conditions and their current level of empowerment.

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-05-2022-0329

There is no research on understanding the difference in the nature of volatility and what it entails for the underlying relationship between foreign institutional investors (FII) flows and stock market movements. The purpose of this paper is to explore how permanent and transitory shocks dominate the common movement between FII flows and the stock market returns. As emerging markets are a major destination of international portfolio investments, the author uses India as a perfect case study to this end.

The paper uses the permanent-transitory as well as a trend-cycle decomposition approach to gain further insights into the common movement between foreign institutional investors (FII) flows and the stock market.

When the author identifies innovations based on their degree of persistence, transitory shocks dominate stock returns, whereas permanent shocks explain movements in foreign institutional investors (FII) flows. Also, stock returns have a larger cyclical component compared to cycles in foreign flows. The authors find the sharp downward (upward) movement in the stock market (FII flows) cycle in the initial period of the COIVD-19 pandemic was quickly reversed and currently, the stock market (FII flows) is historically above (below) the long-term trend, hinting at a correction in months ahead. The authors find strikingly similar stock market cycles during the global financial crisis and COVID-19 period.

Evidence suggests the presence of long stock market cycles – substantial and persistent deviations of actual price from its fundamental (trend) value determined by the shared relationship with foreign flows. This refutes the efficient market hypothesis and makes a case favoring diversification gains from investing in India. Further, transitory shocks dominate the forecast error of stock market movements. Thus, the Indian market provides profit opportunities to foreign investors who use a momentum-based strategy. The author also finds support for the positive feedback trading strategy used by foreign investors.

There is a need for policymakers to account for the foreign undercurrents while formulating economic policies, given the findings that it is the permanent shocks that mostly explain movements in foreign institutional flows. Further, the author finds only stock markets error-correct in response to any short-term shocks to the shared long-term relationship, highlighting the disruptive (though transitory) role of FII flows.

Unlike existing studies, the author models the relationship between stock market returns and foreign institutional investors (FII) flows by distinguishing between the permanent and transitory movements in these two variables. Ignoring this distinction, as done in existing literature, can affect the soundness of the estimated parameter that captures the nexus between these two variables. In addition, while it may be common to find that stock market returns and FII flows move together, the paper further contributes by decomposing each variable into a trend and a cycle using this shared relationship. The paper also contributes to understanding the impact of COVID-19 on this relationship.