Hazel Kyrk’s contribution is the most advanced formulation of the economics of consumption as a social phenomenon, an approach to the analysis of consumption that, originated from…
Abstract
Hazel Kyrk’s contribution is the most advanced formulation of the economics of consumption as a social phenomenon, an approach to the analysis of consumption that, originated from Veblen’s theory, was developed in the US in the early 20th century. This approach was part of a wider stream of empirical analyses of consumption expenditure that had begun more than a century earlier.
Along with elements that can be traced back to the neoclassical tradition, in Keynes’ analysis of consumption, we find original elements. The dependence of consumption expenditure on the level of income, which is essential for asserting the principle of effective demand, can also be found in a long tradition of empirical studies. In qualifying this relationship, Keynes uses theoretical elements echoing key insights of the economics of consumption as a social phenomenon. There is no documentary evidence that Kyrk or the economics of the social relevance of consumption came to Keynes’ attention. It is possible, however, to develop reasonable speculative considerations to argue a link between Keynes’ elaboration and both the empirical literature on the determinants of consumption and the economics of consumption as a social phenomenon.
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Stavros Drakopoulos, Athina Economou and Katerina Grimani
The subject of occupational safety and health (OSH) is increasingly gaining the interest of policy makers and researchers in European countries given that the economic and social…
Abstract
Purpose
The subject of occupational safety and health (OSH) is increasingly gaining the interest of policy makers and researchers in European countries given that the economic and social losses from work‐related injuries and diseases are quite substantial. Under this light, this paper aims to present an overview of the Greek legislation framework regarding OSH issues, and the current status of empirical research on the subject in Greece. In addition, the paper seeks to identify the knowledge gaps and methodological shortcomings of the existing literature in order to contribute towards future research in the OSH field in Greece.
Design/methodology/approach
The authors conducted an extensive literature review of numerous publications, reports and institutions' databases.
Findings
The results suggest that empirical up to date research in Greece is rather inadequate, mainly because of the absence of econometric methods to validate the findings. The available Greek databases indicate that while the number of working accidents has decreased over time, the severity seems to be increasing. Males are more prone to accidents, diseases and negative working conditions. Work‐related stress is an aspect of occupational problems that has been the subject of many Greek studies.
Research limitations/implications
Although the legal framework is quite adequate, there is a need for both prevention strategies and enforcement of the existing safety regulations. Furthermore, a substantial research gap is observed in Greece. Therefore, more systematic research is needed on the determinants of injuries and on their effects on job participation and productivity.
Originality/value
The paper presents a detailed review of the current state of research regarding OSH issues in Greece.
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S.A. Drakopoulos, E. Lakioti and I. Theodossiou
Although the link between socioeconomic deprivation and health status has been identified by many researchers, not much attention has been paid to the intergenerational effect of…
Abstract
Purpose
Although the link between socioeconomic deprivation and health status has been identified by many researchers, not much attention has been paid to the intergenerational effect of poverty on physical and psychological health status. The purpose of this paper is to investigate the effects of childhood deprivation on health at the later stages of the working age.
Design/methodology/approach
Data for individuals aged between 50 and 65 in six European countries are collected using purpose build questionnaires. The dataset provides information on issues such as physical and mental health status, past working experiences, socioeconomic and occupational background, incidence of diseases and sense of well‐being. Ordinary least squares (OLS) and ordered logit models are utilised to estimate the effect of childhood deprivation on health status indices. Logit models are also used to investigate the effects of childhood deprivation on the likelihood of an individual suffering from specific disease.
Findings
There is a consistent and significant negative effect of childhood deprivation on the overall health profile at later adulthood. For instance, for each additional unit of the childhood deprivation index, the index of the mobility status and physical health status in later adulthood decrease by 0.19 and 0.28, respectively, the index of the psychological health decrease by almost 0.41 and the odds of exhibiting better self‐assessed health decrease by a factor of 0.86 (all p‐values are <0.01). Similar negative effects of childhood deprivation on the likelihood of an individual suffering from a specific medical condition are unearthed.
Originality/value
It is shown that childhood socioeconomic deprivation has long lasting detrimental effects on the health of individuals that are observable at the later ages of working life. Hence, the relationship between childhood socioeconomic deprivation and adult health should be an important factor in social policy and health care planning in an era of aging populations.
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Mainstream economists now consider their discipline to be a technical one that is free from ethical concerns. I argue that this view only arose in the twentieth century. In this…
Abstract
Mainstream economists now consider their discipline to be a technical one that is free from ethical concerns. I argue that this view only arose in the twentieth century. In this paper I set out a brief history of economics as a moral science. First, I sketch the evolution of economics before Adam Smith, showing that it was generally (with the exception of the mercantilists) conceived of as a part of moral philosophy. Second, I present elements of the new interpretation of Smith, which show him as a developer of economics as a moral science. Third, I show that even after Smith, up to the beginning of the twentieth century, a number of leading economic theorists envisioned economics as a moral science, either in theory or in practice. Fourth, I sketch the decline of economics as a moral science. The key factor was the emergence and influence of positivism. Overall, I show that the current view of the detachment of economics from morals is alien to much of the history of the discipline.
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Management commitments (MCs) have a prominent effect to create a safe work environment in the industries. Though there have been various studies on the prevalence and associated…
Abstract
Purpose
Management commitments (MCs) have a prominent effect to create a safe work environment in the industries. Though there have been various studies on the prevalence and associated factors of OHS in Ethiopian manufacturing industries, the role of MCs in improving workplace safety, however, has not been studied so far. The purpose of this paper is, therefore, to investigate the role of MCs on improving OHS in iron, steel and metal manufacturing industries (ISMMI) in Addis Ababa.
Design/methodology/approach
This paper used a close-ended questionnaire to collect primary data from 89 ISMMI and fitted the data in structural equation modelling (SEM) techniques using SPSS and AMOS.
Findings
The major findings of the study showed that directly or indirectly there are good MCs in Ethiopian ISMMI. To some extent, MCs have also resulted in reducing risk and diseases causing factors, which subsequently reduced occupational risks and disease. However, the study showed that MCs are not strategically supported.
Research limitations/implications
Due to the limited scope of data collection, the research results may not be equally implemented outside Addis Ababa and other sectors.
Practical implications
The findings of the research may help policymakers and managers to strictly control MCs and follow up implementation of OHS policies.
Originality/value
This paper is the first of its kind in developing the conceptual framework model and attempting to assess MCs using structural equation model towards improving OHS in ISMMI.
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Saroj Kumar Pani and Madhusmita Tripathy
This paper explains why some firms manage to capture disproportionate value from their network of relationships, leading to superior performance. The paper examines how a firm's…
Abstract
Purpose
This paper explains why some firms manage to capture disproportionate value from their network of relationships, leading to superior performance. The paper examines how a firm's dependencies affect its value appropriation potential (VAP) in economic networks.
Design/methodology/approach
The paper follows the axiomatic method and the embeddedness perspective of firms to develop an index called nodal power, which captures the power that accrues to a firm in exchange-based economic networks. Thereafter, using the formal method and simulation, it shows nodal power reflects a firm's VAP in economic networks.
Findings
The study analysis and findings prove that a firm's dyadic level exchange relations and the embedded network structure determine its VAP by affecting the nodal power. A firm with lesser nodal power is likely to appropriate less value from its relations even if it equally contributes to the value creation. This finding explains how the structural and relational characteristics of a firm's network enable disproportionate value appropriation.
Practical implications
Nodal power furthers the scope of analyzing firms' economic relationships and changing power equations in dynamic networks. It can help firms build optimal strategic networks and manage the portfolio of relationships by predicting the impact of changing relations on firms' VAP.
Originality/value
The paper's original contribution is to explain, through formal analysis, why and how the structure and nature of relations of firms affect their VAP. The paper also formalizes the power-dependence principle through a dependency-based index called nodal power and uses it to show how interfirm dependencies are key to value appropriation.
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Ginni Chawla, Tripti Singh and Rupali Singh
Unions and organizations interests are often seen to be in competition. However, union-voice hypothesis suggests that unions can provide a distinctive mechanism to lower…
Abstract
Purpose
Unions and organizations interests are often seen to be in competition. However, union-voice hypothesis suggests that unions can provide a distinctive mechanism to lower organizational costs by reducing exit behavior, absence from work and conflict levels at work. This study aims to look at union participation as a form of voice which is affected by a number of antecedents and in turn has an effect upon the workers performance (i.e. worker behavior effectiveness [WBE]) in an organization.
Design/methodology/approach
The study draws on data from 340 permanent labors working in 19 manufacturing units across different regions of India to explore both the antecedents and outcomes of union participation. Hypotheses are tested using mediation analysis.
Findings
Results indicate statistically significant relationships between union participation, its antecedents and WBE, with union participation partially influencing the relationship between the constructs.
Originality/value
Uniqueness of the study lies in its findings which report positive relationship among union participation, its antecedents and behavior effectiveness. Contrary to the traditional belief that unions are detrimental to the health of any organization, the study suggests that workers decision to join and participate in unions should be viewed positively because only if a person is willing to stay with the organization, he/she seeks to resolve the issues/problems through collective mechanism of union participation and which in turn leads to enhanced performance, reduced absenteeism at the workplace.
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Cosimo Magazzino, Monica Auteri, Nicolas Schneider, Ferdinando Ofria and Marco Mele
The objective of this study is to reevaluate the correlation among pharmaceutical consumption, per capita income, and life expectancy across different age groups (at birth, middle…
Abstract
Purpose
The objective of this study is to reevaluate the correlation among pharmaceutical consumption, per capita income, and life expectancy across different age groups (at birth, middle age, and advanced age) within the OECD countries between 1998 and 2018.
Design/methodology/approach
We employ a two-step methodology, utilizing two independent approaches. Firstly, we con-duct the Dumitrescu-Hurlin pairwise panel causality test, followed by Machine Learning (ML) experiments employing the Causal Direction from Dependency (D2C) Prediction algorithm and a DeepNet process, thought to deliver robust inferences with respect to the nature, sign, direction, and significance of the causal relationships revealed in the econometric procedure.
Findings
Our findings reveal a two-way positive bidirectional causal relationship between GDP and total pharmaceutical sales per capita. This contradicts the conventional notion that health expenditures decrease with economic development due to general health improvements. Furthermore, we observe that GDP per capita positively correlates with life expectancy at birth, 40, and 60, consistently generating positive and statistically significant predictive values. Nonetheless, the value generated by the input life expectancy at 60 on the target income per capita is negative (−61.89%), shedding light on the asymmetric and nonlinear nature of this nexus. Finally, pharmaceutical sales per capita improve life expectancy at birth, 40, and 60, with higher magnitudes compared to those generated by the income input.
Practical implications
These results offer valuable insights into the intricate dynamics between economic development, pharmaceutical consumption, and life expectancy, providing important implications for health policy formulation.
Originality/value
Very few studies shed light on the nature and the direction of the causal relationships that operate among these indicators. Exiting from the standard procedures of cross-country regressions and panel estimations, the present manuscript strives to promote the relevance of using causality tests and Machine Learning (ML) methods on this topic. Therefore, this paper seeks to contribute to the literature in three important ways. First, this is the first study analyzing the long-run interactions among pharmaceutical consumption, per capita income, and life expectancy for the Organization for Economic Co-operation and Development (OECD) area. Second, this research contrasts with previous ones as it employs a complete causality testing framework able to depict causality flows among multiple variables (Dumitrescu-Hurlin causality tests). Third, this study displays a last competitive edge as the panel data procedures are complemented with an advanced data testing method derived from AI. Indeed, using an ML experiment (i.e. Causal Direction from Dependency, D2C and algorithm) it is believed to deliver robust inferences regarding the nature and the direction of the causality. All in all, the present paper is believed to represent a fruitful methodological research orientation. Coupled with accurate data, this seeks to complement the literature with novel evidence and inclusive knowledge on this topic. Finally, to bring accurate results, data cover the most recent and available period for 22 OECD countries: from 1998 to 2018.
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The demanding nature of firefighting exposes firefighters to unprecedented work stress and work-related musculoskeletal disorders (WMSDs). Even though relationships among work…
Abstract
Purpose
The demanding nature of firefighting exposes firefighters to unprecedented work stress and work-related musculoskeletal disorders (WMSDs). Even though relationships among work demand, work stress and WMSDs have been examined, the mediating role of work stress in the relationship between work demand and WMSDs requires more attention, particularly among emergency workers. The purpose of this paper is to therefore assess the mediation role of firefighters’ work stress in the pathway of work demand and WMSDs.
Design/methodology/approach
A quantitative research design was used. Convenient sampling was employed to select 320 firefighters from the Greater Accra region of Ghana. Data were analyzed using descriptive, correlation and regression.
Findings
The findings revealed that work demand and stress significantly affect WMSDs. Also, work demand has a significant positive effect on work stress. It was further found that work stress partially mediates the relationship between work demand and WMSDs.
Research limitations/implications
The usage of cross-sectional data limits the strength of causality and observation of changes within units of observation over time, hence the need to use longitudinal data in future studies.
Originality/value
The novelty of this study lies in the revelation of the influence of stress in the pathway of work demand and WMSDs among emergency professionals, using an African lens.
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Fiona Yu, Alana Cavadino, Lisa Mackay, Kim Ward, Anna King and Melody Smith
Limited evidence exists regarding a group of nurses' physical activity patterns and association with resilience. Less is known about the physical activity health paradox in nurses…
Abstract
Purpose
Limited evidence exists regarding a group of nurses' physical activity patterns and association with resilience. Less is known about the physical activity health paradox in nurses (the positive health effects of leisure time physical activity vs the negative health effects of occupational physical activity). This study aimed to explore the profiles of intensive care nurses' physical activity behaviours and associations with resilience, following a developed study-specific job demands–recovery framework.
Design/methodology/approach
A cross-sectional study was conducted with intensive care unit (ICU) nurses to explore their physical activity profiles and associations with resilience. The Connor-Davidson Resilience Scale 25 (CD-RISC 25) was used to assess resilience, and accelerometry was utilised to record participants' four-day activity (two workdays, two non-workdays). Hierarchical cluster analysis was employed to define groups of nurses by activity behaviours.
Findings
Participants (N = 93) were classified as low actives (n = 19), standers (n = 36), sitters (n = 31) and movers (n = 7). During two 12-h shifts, movers had the highest mean level of dynamic standing and the lowest mean level of sitting. During two non-workdays, movers had the highest mean level of walking as well as the lowest mean level of sitting and sleep time.
Originality/value
The uniqueness of this study was that it analysed ICU nurses' physical activity profiles and associations with resilience using identified clusters. However, the small number of participants limited this study's ability to determine significant relationships between resilience and the grouped physical activity profiles.