84 lines
2.8 KiB
YAML
84 lines
2.8 KiB
YAML
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abstract: 'This paper examines the short-run and medium-run impact of spending in
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social infrastructure, defined as expenditure in education, childcare,
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health and social care, wages and gender pay gap on output and
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employment of men and women for the case of South Korea. Based on a
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gendered post-Kaleckian feminist macroeconomic theoretical model, we
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estimate the macroeconomic effects of social expenditure, wages and
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gender pay gap using a structural vector autoregression (SVAR) analysis
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for the period of 1970-2012. The results show that an increase in the
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public social infrastructure significantly increases the total
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nonagricultural output and employment in South Korea both in the short
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and medium run. Moreover, we find that higher social infrastructure
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expenditure increases female employment more than male employment in the
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short run and raises both male and female employment in the medium run
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due to increasing output. Finally, the results show that South Korean
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economy is gender equality-led in the medium run, although the effects
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are economically small in comparison to the strong effects of increases
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social infrastructure spending. The results indicate that sustainable
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equitable development and a substantial increase in employment requires
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a mix of both labour market and fiscal policies. (C) 2022 The Author(s).
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Published by Elsevier Ltd.'
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affiliation: 'Oyvat, C (Corresponding Author), Univ Greenwich, Econ \& Int Business
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Dept, Old Royal Naval Coll Pk Row, London SE10 9LS, England.
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Oyvat, Cem; Onaran, Ozlem, Univ Greenwich, Econ \& Int Business Dept, Old Royal
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Naval Coll Pk Row, London SE10 9LS, England.'
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article-number: '105987'
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author: Oyvat, Cem and Onaran, Ozlem
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author-email: 'c.oyvat@greenwich.ac.uk
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o.onaran@gre.ac.uk'
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author_list:
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- family: Oyvat
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given: Cem
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- family: Onaran
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given: Ozlem
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da: '2023-09-28'
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doi: 10.1016/j.worlddev.2022.105987
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earlyaccessdate: JUN 2022
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eissn: 1873-5991
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files: []
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issn: 0305-750X
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journal: WORLD DEVELOPMENT
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keywords: 'Social infrastructure; Fiscal policy; Gender wage and employment gap;
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Feminist macroeconomic models; Post-Keynesian economics; South Korea'
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keywords-plus: 'POLITICAL-ECONOMY; INCOME-DISTRIBUTION; INDUSTRIAL-POLICY; AGGREGATE
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DEMAND; GROWTH; CARE; INEQUALITY; WAGE; UNEMPLOYMENT; JAPAN'
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language: English
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month: OCT
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number-of-cited-references: '94'
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papis_id: c38d0f20e0c74a9affc2541973dd3672
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ref: Oyvat2022effectssocial
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researcherid-numbers: Peter, Serin/ITR-8938-2023
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times-cited: '3'
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title: 'The effects of social infrastructure and gender equality on output and employment:
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The case of South Korea'
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type: Article
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unique-id: WOS:000879788800018
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usage-count-last-180-days: '7'
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usage-count-since-2013: '8'
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volume: '158'
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web-of-science-categories: Development Studies; Economics
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year: '2022'
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