Philip Kofi Adom, Mawunyo Prosper Agradi and Christopher Quaidoo
Following the reforms in monetary policy and shift in fiscal policies, it is logical to presume that these reforms may cause a significant structural change in the dynamic…
Abstract
Purpose
Following the reforms in monetary policy and shift in fiscal policies, it is logical to presume that these reforms may cause a significant structural change in the dynamic processes of inflation and hence affect the nature of inflation persistence. The purpose of this paper is to examine the persistence nature of the different inflation episodes while controlling for the effects of demand- and supply-side factors, which are modeled as regime-dependent.
Design/methodology/approach
This paper used the Markov-switching dynamic regression and annual time series data.
Findings
The results showed that high inflation regime is more persistent than low inflation regime, with a respective average duration of an escape of 3.5 and 2.57 years, which suggests that price stability achievements are less sustainable. In both regimes, demand- and supply-side factors play significant roles in driving inflation, but the effect of the latter dominates. Thus, on the argument of whether inflation in Ghana is structural or monetary, the results support the former. The roles of both structural and monetary factors have changed over time, but that of the former has been more significant and important in Ghana.
Originality/value
This study provides the first empirical attempt, in the case of Ghana, that examines the persistence nature of different inflation regimes, while modeling the effects of supply and demand factors as regime dependent. In the modeling sense, the authors also contribute by ruling out the assumption that the researcher knows the processes responsible for each observation at each point in time.
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Alex Anlesinya, Kwesi Amponsah-Tawiah, Philip Kofi Adom, Obi Berko Obeng Damoah and Kwasi Dartey-Baah
There is a paucity of research on the causal relationships between talent management (TM), decent work and national well-being. Hence, this study examines the nexus between macro…
Abstract
Purpose
There is a paucity of research on the causal relationships between talent management (TM), decent work and national well-being. Hence, this study examines the nexus between macro talent management (MTM) practices, decent work and national well-being.
Design/methodology/approach
The authors employed longitudinal data from 77 developing countries across the globe and also utilised panel data estimators and the bootstrapping mediation method for the analyses.
Findings
The results indicated that macro-level TM strategies can have a positive impact on decent work. Decent work also significantly improves national well-being (both subjective and economic well-being) over time as it shows a significant positive impact on change in national well-being measures. Furthermore, decent work serves as a mechanism that links MTM to improved national well-being at the macro level.
Practical implications
TM investments by governments can empower citizens to escape the tragedy of vulnerable and low-quality employment and well-being deficit as it has the potential to improve decent work and national well-being as enshrined in the Sustainable Development Goals (SDGs).
Originality/value
Beyond the myopic organisational and managerialist view, the authors show that TM can have a positive spillover impact on people and the general society across time by enhancing decent work opportunities to improve both subjective and economic well-being of citizens in a country. Additionally, because decent work has psychosocial and economic dimensions, this study has revealed a complex and compelling conduit for translating the gains of macro-level TM strategies to improve national well-being. Moreover, it provides original empirical evidence to expand the limited longitudinal TM literature. Lastly, it adds to knowledge in the developing countries' context.
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Samuel Sekyi, Philip Kofi Adom and Emmanuel Agyapong Wiafe
This study examined the influence of income and health insurance on the health-seeking behaviour of rural residents, addressing the concerns of endogeneity and heterogeneity bias.
Abstract
Purpose
This study examined the influence of income and health insurance on the health-seeking behaviour of rural residents, addressing the concerns of endogeneity and heterogeneity bias.
Design/methodology/approach
A two-stage residual inclusion was utilised to correct self-selection-based endogeneity problems arising from health insurance membership.
Findings
This study provides support for Andersen's behavioural model (ABM). Income and health insurance positively stimulate rural residents' use of modern healthcare services, but the effect of insurance risks a downward bias if treated as exogenous. Further, the effect of health insurance differs between males and females and between adults and the elderly.
Originality/value
This study advances the literature, arguing that, within the ABM framework, enabling (i.e. income and insurance) and predisposing factors (i.e. age and gender) complement each other in explaining rural residents' use of modern health services.
Peer review
The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-03-2023-0223
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Philip Kofi Adom, Dosse Mawussi Djahini-Afawoubo, Saidi Atanda Mustapha, Stephane Gandjon Fankem and Nghargbu Rifkatu
The agriculture sector in Africa is a major employer, but production levels have fallen short of demand. To match future demand, public investment in research and development…
Abstract
Purpose
The agriculture sector in Africa is a major employer, but production levels have fallen short of demand. To match future demand, public investment in research and development (R&D) is required. The purpose of this paper is to investigate how foreign direct investments (FDIs) moderate the effects of public R&D on Africa’s agricultural production.
Design/methodology/approach
This study estimates an unbalanced panel fixed effect model that consists of 28 African countries covering the period 1980–2014.
Findings
Public R&D increases production in the agriculture sector, however, the effects reverse after ten years. Though FDIs have direct positive effects on production, indirectly, it reduces the productivity potential of public R&D due to the possible dependency syndrome associated with FDIs. Traditional inputs like land, capital, and labour and good political institutions positively drive production, but adverse changes in the weather reduce production.
Practical implications
There should be a frequent update of R&D and improvement in maintenance culture. FDIs should be seen as complementary efforts, and not as substitute efforts to domestic investment efforts in R&D.
Originality/value
Insufficient domestic investment has increased the dependence on FDIs. In this regard, FDIs effect on production could be tricky since it increases the volatility in agricultural R&D. This paper contributes to the literature by examining how FDIs moderate the effects of public R&D on output.
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Nooshin Karimi Alavijeh, Mohammad Taher Ahmadi Shadmehri, Fatemeh Dehdar, Samane Zangoei and Nazia Nazeer
While science has researched the impact of air pollution on human health, the economic dimension of it has been less researched so far. Renewable energy consumption is an…
Abstract
Purpose
While science has researched the impact of air pollution on human health, the economic dimension of it has been less researched so far. Renewable energy consumption is an important factor in determining the level of life expectancy and reducing health expenditure. Thus, this study aims to investigate the impact of renewable energy, carbon emissions, health expenditure and urbanization on life expectancy in G-7 countries over the period of 2000–2019.
Design/methodology/approach
This study has adopted a novel Method of Moments Quantile Regression (MMQR). Furthermore, as a robustness check for MMQR, the fully modified ordinary least square, dynamic ordinary least squares and fixed effect ordinary least square estimators have been used.
Findings
The results indicated that renewable energy consumption, health expenditure and urbanization lead to an increase in life expectancy across all quantiles (5th to 95th), whereas higher carbon dioxide emissions reduce life expectancy at birth across all the quantiles (5th to 95th).
Practical implications
The empirical findings conclude that governments should recognize their potential in renewable energy sources and devise policies such as tax-related regulations, or relevant incentives to encourage further investments in this field.
Originality/value
This paper in comparison to the other research studies used MMQR to investigate the impact of factors affecting life expectancy. Also, to the best of the authors’ knowledge, so far no study has investigated the impact of renewable energy on life expectancy in G-7 countries.