2023-09-28 14:46:10 +00:00
|
|
|
abstract: 'This paper examines the short-run and medium-run impact of spending in
|
|
|
|
|
|
|
|
|
|
social infrastructure, defined as expenditure in education, childcare,
|
|
|
|
|
|
|
|
|
|
health and social care, wages and gender pay gap on output and
|
|
|
|
|
|
|
|
|
|
employment of men and women for the case of South Korea. Based on a
|
|
|
|
|
|
|
|
|
|
gendered post-Kaleckian feminist macroeconomic theoretical model, we
|
|
|
|
|
|
|
|
|
|
estimate the macroeconomic effects of social expenditure, wages and
|
|
|
|
|
|
|
|
|
|
gender pay gap using a structural vector autoregression (SVAR) analysis
|
|
|
|
|
|
|
|
|
|
for the period of 1970-2012. The results show that an increase in the
|
|
|
|
|
|
|
|
|
|
public social infrastructure significantly increases the total
|
|
|
|
|
|
|
|
|
|
nonagricultural output and employment in South Korea both in the short
|
|
|
|
|
|
|
|
|
|
and medium run. Moreover, we find that higher social infrastructure
|
|
|
|
|
|
|
|
|
|
expenditure increases female employment more than male employment in the
|
|
|
|
|
|
|
|
|
|
short run and raises both male and female employment in the medium run
|
|
|
|
|
|
|
|
|
|
due to increasing output. Finally, the results show that South Korean
|
|
|
|
|
|
|
|
|
|
economy is gender equality-led in the medium run, although the effects
|
|
|
|
|
|
|
|
|
|
are economically small in comparison to the strong effects of increases
|
|
|
|
|
|
|
|
|
|
social infrastructure spending. The results indicate that sustainable
|
|
|
|
|
|
|
|
|
|
equitable development and a substantial increase in employment requires
|
|
|
|
|
|
|
|
|
|
a mix of both labour market and fiscal policies. (C) 2022 The Author(s).
|
|
|
|
|
|
|
|
|
|
Published by Elsevier Ltd.'
|
|
|
|
|
affiliation: 'Oyvat, C (Corresponding Author), Univ Greenwich, Econ \& Int Business
|
|
|
|
|
Dept, Old Royal Naval Coll Pk Row, London SE10 9LS, England.
|
|
|
|
|
|
|
|
|
|
Oyvat, Cem; Onaran, Ozlem, Univ Greenwich, Econ \& Int Business Dept, Old Royal
|
|
|
|
|
Naval Coll Pk Row, London SE10 9LS, England.'
|
|
|
|
|
article-number: '105987'
|
|
|
|
|
author: Oyvat, Cem and Onaran, Ozlem
|
|
|
|
|
author-email: 'c.oyvat@greenwich.ac.uk
|
|
|
|
|
|
|
|
|
|
o.onaran@gre.ac.uk'
|
|
|
|
|
author_list:
|
|
|
|
|
- family: Oyvat
|
|
|
|
|
given: Cem
|
|
|
|
|
- family: Onaran
|
|
|
|
|
given: Ozlem
|
|
|
|
|
da: '2023-09-28'
|
|
|
|
|
doi: 10.1016/j.worlddev.2022.105987
|
|
|
|
|
earlyaccessdate: JUN 2022
|
|
|
|
|
eissn: 1873-5991
|
|
|
|
|
files: []
|
|
|
|
|
issn: 0305-750X
|
|
|
|
|
journal: WORLD DEVELOPMENT
|
|
|
|
|
keywords: 'Social infrastructure; Fiscal policy; Gender wage and employment gap;
|
|
|
|
|
|
|
|
|
|
Feminist macroeconomic models; Post-Keynesian economics; South Korea'
|
|
|
|
|
keywords-plus: 'POLITICAL-ECONOMY; INCOME-DISTRIBUTION; INDUSTRIAL-POLICY; AGGREGATE
|
|
|
|
|
|
|
|
|
|
DEMAND; GROWTH; CARE; INEQUALITY; WAGE; UNEMPLOYMENT; JAPAN'
|
|
|
|
|
language: English
|
|
|
|
|
month: OCT
|
|
|
|
|
number-of-cited-references: '94'
|
|
|
|
|
papis_id: c38d0f20e0c74a9affc2541973dd3672
|
|
|
|
|
ref: Oyvat2022effectssocial
|
|
|
|
|
researcherid-numbers: Peter, Serin/ITR-8938-2023
|
|
|
|
|
times-cited: '3'
|
|
|
|
|
title: 'The effects of social infrastructure and gender equality on output and employment:
|
|
|
|
|
The case of South Korea'
|
2023-10-01 08:15:07 +00:00
|
|
|
type: article
|
2023-09-28 14:46:10 +00:00
|
|
|
unique-id: WOS:000879788800018
|
|
|
|
|
usage-count-last-180-days: '7'
|
|
|
|
|
usage-count-since-2013: '8'
|
|
|
|
|
volume: '158'
|
|
|
|
|
web-of-science-categories: Development Studies; Economics
|
|
|
|
|
year: '2022'
|
