Finance-growth-poverty nexus: a re-assessment of the trickle-down hypothesis in China

Poverty has remained one of the prominent challenges of humanity. Different solutions have been suggested to curb poverty. Economic growth and financial development are two such crucial tools for overcoming poverty, as frequently pointed out by economists. These tools work through the so-called trickle-down hypothesis, which contends that a well-functioning financial system would enhance poverty reduction by promoting economic growth. One country that appears to have manifested this hypothesis is China. However, the empirical test of the trickle-down hypothesis for China is scant. In addition, most of the existing studies have failed to account for regime-shift in parameters or structural breaks. This paper attempts to fill this void by testing the trickle-down hypothesis for China during the period 1985–2014. We utilized two standard proxies for financial development, namely: the domestic credit to private sector by banks as percentage of GDP, and money and quasi money as percentage of GDP; annual percentage change in real GDP per capita to proxy economic growth; and a standard proxy for poverty reduction namely: the household final consumption expenditure per capita growth. By accounting for structural breaks in our empirical specifications, we found overwhelming support for the trickle-down hypothesis at the national level. That is, we found financial development to cause economic growth, which in turn causes poverty reduction in China at the national level. This has important policy implications.     

Emerging Indicators and Bureaucracy: From the Iron Cage to the Metric Cage

ABSTRACT

Among the New Public Management (NPM) tools that have been implemented, one of the most common is use of indicators. Many studies have argued that imposition of an indicator entails a bureaucratization process. But the scholarly debate on these instruments has been shaped by a vertical perspective and has been focused on the effects of top-down indicators on organizations at the local level. In this paper, we wish to lay the emphasis on an emerging indicator, constructed and used by the actors themselves within a local forest management unit. We wish to draw attention to the manner in which, at the micro-level, a performance measure is worked out. We argue that these emerging indicators place a new locus of power in the hands of rangers but, rather than emphasizing hierarchy and chain of command, such indicators do not contribute to development of a Weberian iron cage. In contrast, there appears a metric cage, a mix of pragmatic rationality (instrumental and communicative), non-fixed rules, and technical-normative authority.     

Do African Manufacturing Firms Learn from Exporting?

We use firm-level panel data for the manufacturing sector in four African countries to investigate whether exporting impacts on efficiency, and whether efficient firms self-select into the export market. Based on simultaneous estimation of a production function and an export regression, our preferred results indicate significant efficiency gains from exporting, which can be interpreted as learning by exporting. We show that modelling unobserved heterogeneity by a flexible approach is important for deriving this conclusion. A policy implication of our results is that Africa would gain from orientating its manufacturing sector towards exporting.     

Self-Reported Delinquency: Age and Class Statuses: and the Control Network of a Small City in West Germany

This study, which includes a comparison of American experience, focuses on women policing in India. Using a standardized survey questionnaire, data were collected from women officers on line duty in all district police departments in the State of Tamil Nadu, India, and in municipal and sheriff's departments in New Jersey. A discriminant analysis found important differences between the samples in the officer's preferred roles, with more of the officers from Tamil Nadu preferring a traditional role. Other differences were also found between the samples in terms of deployment experience, career commitment, perceived interests and perceived capability in performing various tasks compared with male officers. These differences appeared to be due to both organizational and cultural factors.     

Singapore justice

Singapore was brought to the world's attention in the spring of 1994, when it sentenced Michael Fay to six lashes with a cane. Many debated the issues presented by that case and there were many half‐truths released about Singapore and the eighteen year old male from Ohio. This research does not raise the issues of caning or corporal punishment. Rather, the research was done to explore ‘'Justice in Singapore'’ and how its system of justice really operates.

More specifically, this research will focus on this city‐state consisting of many divergent peoples, races, cultures, languages, and its thriving economy. The major part of the research focuses on crime related matters. The research compares U.S. and Singapore crime rates, and has found the overall U.S. rates to be 200% to 380% higher in the 1980s. Violent crime rates for ten years were also compared, and the U.S. rates range from 749% to 1,405% higher than Singapore. The paper also examines the ‘'drug problem'’ in Singapore and its response to it.

The last section of this paper explores why there is generally very strong support for police in Singapore (little corruption and few acts of police brutality). The court structure was also explored and an analysis has been done on how it functions. Lastly, the prison system is examined and its operations are presented. Justice in Singapore works very well, but it is also very different from other nations of the world.     

“We All Have to Eat”: Experiential Learning in Courses on Food and Hunger

Community-based learning offers students the opportunity to understand important concepts through their own experiences. Two courses on food and hunger in society, one a first-year seminar of 12 students and one an upper-level psychology course of 20 students, made site visits to local farms, markets, and a soup kitchen while reading about the issues and discussing them in class. At the end of the semester, each student wrote a short self-evaluation in which they were invited to discuss the aspects of the course that affected them most. Student responses suggest that the experiential component of the course was disproportionately powerful, impelling many of them to make changes in their lives as a result.     

Moving Beyond North–South Theatre

The North–South divide is counterproductive to the generation of norms and policies geared toward ensuring human security in a globalising world. Moreover, developing countries productively abandon Southern solidarity when it is in their perceived interests to do so. This article provides an historical overview of the origins of the geographical labels attached to the two main groups of countries and examines how the various constructed roles on the international stage in the global theatre are played by actors from the two major troupes, North and South. It concludes with some encouraging examples of changed stances within the supposedly ironclad categories.