Economics World

I feel proud to announce that the book launch of Policy Solutions for Economic Growth in a Developing Country: Perspectives on Afghanistan’s Trade and Development, published by Emerald Publishing, will hit the markets on June 17. This book reflects that, following the recent regime change, Afghanistan is at a crossroads. Key to its stability are economic growth and international trade, yet many obstacles stand in its way. This book outlines these challenges and offers clear policy solutions that will put the country on a path to revive, regenerate, and revitalize its economy. Further, the book contextualizes Afghanistan within the region, giving greater insight into the needs of other developing countries.
This in-depth study analyses the trading platform at national, international, and regional levels for initiating a consistent and sustainable set of policies to promote exports. Alongside macroeconomic stability, this study argues that private sector development, technological progress, socio-economic balance, trade liberalization, and a reinvigoration of exports can play an effective role in wealth creation for Afghanistan.
Perspectives on Afghanistan’s Trade and Development offers a rich and varied policy analysis for those who wish to design a policy to bolster exports from Afghanistan and for academicians, researchers, and students who wish to gain greater insight into this developing economy.

The book is available at:
Amazon: https://lnkd.in/ga4ukA56
Google Books: https://lnkd.in/gmR-cYUm
Barnes & Noble: https://lnkd.in/grzHR86b
Powells Book: https://lnkd.in/g8ThTcj9
Bookshop.org: https://lnkd.in/gWj39cJc

A loud thanks to Daniel Ridge, Ph.D. # Sangeeta Menon # Lydia Cutmore at EmeraldPublishing for facilitating and supporting through out this solo book journey.

Huge thanks to the Kashmir Research Information System for providing the opportunity to work on this project…

lnkd.in

Nobel economics prize awarded to Claudia Goldin for work on women's pay
By Lucy Ho**er
Business reporter, BBC News
9 October 2023, 12:41 BST
Updated 4 hours ago
Claudia Goldin
IMAGE SOURCE, HARVARD UNIVERSITY
This year's Nobel economics prize has been awarded to Claudia Goldin, an American economic historian, for her work on women's employment and pay.
Prof Goldin's research uncovered key drivers behind the gender pay gap, the Royal Swedish Academy of Sciences said.
She is only the third woman to receive the prize, and the first to not share the award with male colleagues.
The 77-year-old academic currently teaches labour market history at Harvard University in the US.
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She had "advanced our understanding of women's labour market outcomes", the Royal Swedish Academy of Sciences said, pointing to her work examining 200 years of data on the US workforce, showing how and why gender differences in earnings and employment rates changed over time.
"This year's Laureate in the Economic Sciences, Claudia Goldin, provided the first comprehensive account of women's earnings and labour market participation through the centuries," the prize-giving body said in a statement.
"Her research reveals the causes of change, as well as the main sources of the remaining gender gap."
Her research found that married women started to work less after the arrival of industrialisation in the 1800s, but their employment picked up again in the 1900s as the service economy grew.
Higher educational levels for women and the contraceptive pill accelerated change, but the gender pay gap remained.
While historically that earnings difference between men and women could be blamed on educational choices made at a young age and career choices, Prof Goldin found that the current earnings gap was now largely due to the impact of having children.
"Claudia Goldin's discoveries have vast societal implications," said Randi Hjalmarsson, a member of the committee awarding the prize.
"She has shown us that the nature of this problem or the source of this underlying gender gap changes throughout history and with the course of development," she said.
Describing her as "a detective", Prof Hjalmarsson said her work had provided a foundation for policymakers in this area around the world.
Globally, about 50% of women participate in the labour market compared to 80% of men, but women earn less and are less likely to reach the top of the career ladder, the prize committee noted.
Listen: Claudia Goldin on women in economics
The tiny pill which gave birth to an economic revolution
Prof Goldin was the first woman to receive tenure in Harvard's economics department in 1989. Economics still had an image problem with women, she told the BBC in 2018.
"Even before students enter university they believe economics is a field more oriented to finance and management and women are less interested in those than are men," she said. If we explained economics was about "inequality, health, household behaviour, society, then there'd be a much greater balance," she said.
The economics prize is different to the original prizes in physics, chemistry, physiology or medicine, literature and peace, which were established by Alfred Nobel and first awarded in 1901.
The Sveriges Riksbank Prize in Economic Scienceswas established in 1968 and funded by Sweden's central bank.
Elinor Ostrom was the first woman to win the economics prize in 2009, which she was awarded jointly with Oliver E Williamson for research on economic governance.
In 2019 Esther Duflo shared the award with her husband Abhijit Banerjee, and Michael Kremer, for work that focused on poor communities in India and Kenya

The second largest journal in the world just lost its impact factor

An insightful tweet by Paolo Crosetto.

“Web of Science just removed the MDPI flagship journal International Journal of Environmental Research and Public Health (IJERPH) from their lists. This means IJERPH has no more an Impact Factor.

Why is this big? What are the implications?

First, the facts. WoS announced several de-listings with the aim of keeping the publishing sector clean. IJERPH loses its IF alongside ~50 other journals. This impacts nearly all publishers, from Elsevier to Hindawi.

IJERPH published 17,085 articles in 2022. This is 13 times as many as 2016, when it published 1,318. Average turnaround time from submission to acceptance, including revisions, is 41.5 days, 36% down from 62 in 2016. Rejection rate is 45%, down from 57% in 2016.

The journal is (was?) still growing exponentially, with 4k+ articles already published in 2023. IJERPH also has 3,099 (!) open special issues for 2023, more than 8 per day, up from 754 SIs closed in 2023. These are *enormous* numbers, making IJERPH one of the largest open-access mega-journals in the world.

So now you know why this is BIG news.

But why does this matter?

First, it matters for MDPI. Mega journals aren't usually chosen for their editorial rigor (>50% accept in ~1 month with revisions) but because they give you a reputation badge that says "high IF". That's gone. It usually spells doom for the journal.

Second, you might think that IJERPH is special in some respect to have been de-listed. But you'd be wrong. Most mega-journals share a similar model: decent IF, explosive growth, low & decreasing rejection rates, fast & decreasing turnaround. Most MDPI journals are the same.

This plot focuses on MDPI special issues, but a similar plot could be made for others. Publishers got away with:

- exponential growth in papers

- lighting fast peer review times

- low and decreasing rejection rates

All this under the cover of an IF. That cover is gone.

So while a handful of journals got de-listed, most other journals follow very, very similar patterns. If the flagship sinks, then it might be a sign that the whole business model is shaking. Might be time to jump ship.

But why does it matter for scientists?

Colleagues constrained by the publish and perish mode were feeding these mega-journals. The system asks me to publish lots of papers with high IF, and these journals happen to conveniently provide me just that -- for a few thousand bucks.

So OA mega journals offer you a 50%+ chance of a high IF publication in under a month. Add that to your CV, boom. If it sounds like it's too good to be true, it's because it is. Publishers baited us, and we happily went for it -- spending millions in APCs in the process.

De-listing such big a journal is clearly a sign. And the sign says this: you *do* get a high IF, dead easy publication to add to your CV. But it might be worth nothing a few years down the line, when people stop believing in magic.

On a side note, I hate to say that I told you so, but I told you so. Two years ago I ran an analysis of MDPI that predicted that MDPIs trajectory would worsen over time, bringing the whole castle down.

Well, here we are. You can fool some people sometimes, but you cannot fool all the people all the time. And when you open 56k special issues in a year, there cannot possibly be that many good (or even decent) papers out there.

At WoS they started noticing, and went for the biggest fish first. This decision might be reversed, it is being challenged.

This is not the end of the story. But all pyramid schemes unravel eventually, all bubbles burst.

It's the beginning of the end.”

Nobel Prize for Economics-2022

The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 to

Ben S. Bernanke
The Brookings Institution, Washington DC, USA

Douglas W. Diamond
University of Chicago, IL, USA

Philip H. Dybvig
Washington University in St. Louis, MO, USA

“for research on banks and financial crises”



Their discoveries improved how society deals with financial crises

This year’s laureates in the Economic Sciences, Ben Bernanke, Douglas Diamond and Philip Dybvig, have significantly improved our understanding of the role of banks in the economy, particularly during financial crises. An important finding in their research is why avoiding bank collapses is vital.

Modern banking research clarifies why we have banks, how to make them less vulnerable in crises and how bank collapses exacerbate financial crises. The foundations of this research were laid by Ben Bernanke, Douglas Diamond and Philip Dybvig in the early 1980s. Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises.

For the economy to function, savings must be channelled to investments. However, there is a conflict here: savers want instant access to their money in case of unexpected outlays, while businesses and homeowners need to know they will not be forced to repay their loans prematurely. In their theory, Diamond and Dybvig show how banks offer an optimal solution to this problem. By acting as intermediaries that accept deposits from many savers, banks can allow depositors to access their money when they wish, while also offering long-term loans to borrowers.

However, their analysis also showed how the combination of these two activities makes banks vulnerable to rumours about their imminent collapse. If a large number of savers simultaneously run to the bank to withdraw their money, the rumour may become a self-fulfilling prophecy – a bank run occurs and the bank collapses. These dangerous dynamics can be prevented through the government providing deposit insurance and acting as a lender of last resort to banks.

Diamond demonstrated how banks perform another societally important function. As intermediaries between many savers and borrowers, banks are better suited to assessing borrowers’ creditworthiness and ensuring that loans are used for good investments.

Ben Bernanke analysed the Great Depression of the 1930s, the worst economic crisis in modern history. Among other things, he showed how bank runs were a decisive factor in the crisis becoming so deep and prolonged. When the banks collapsed, valuable information about borrowers was lost and could not be recreated quickly. Society’s ability to channel savings to productive investments was thus severely diminished.

“The laureates’ insights have improved our ability to avoid both serious crises and expensive bailouts,” says Tore Ellingsen, Chair of the Committee for the Prize in Economic Sciences.

Illustrations

The illustrations are free to use for non-commercial purposes. Attribute ”© Johan Jarnestad/The Royal Swedish Academy of Sciences”

Illustration: Bank run (pdf)
Illustration: Maturity transformation (pdf)
Illustration: Loan loss (pdf)

Read more about this year’s prize

Popular science background: The laureates explained the central role of banks in financial crises (pdf)
Scientific Background: Financial intermediation and the economy (pdf)



Ben S. Bernanke, born 1953 in Augusta, GA, USA. PhD 1979 from Massachusetts Institute of Technology, Cambridge, USA. Distinguished Senior Fellow, Economic Studies, The Brookings Institution, Washington DC, USA.

Douglas W. Diamond, born 1953. PhD 1980 from Yale University, New Haven, CT, USA. Merton H. Miller Distinguished Service Professor of Finance, University of Chicago, Booth School of Business, IL, USA.

Philip H. Dybvig, born 1955. PhD 1979 from Yale University, New Haven, CT, USA. Boatmen’s Bancshares Professor of Banking and Finance, Washington University in St. Louis, Olin Business School, MO, USA.



Prize amount: 10 million Swedish kronor, to be shared equally between the laureates.
Further information: www.kva.se and www.nobelprize.org
Press contact: Eva Nevelius, Press Secretary, +46 70 878 67 63, [email protected]
Experts: Tore Ellingsen, +46 70 796 10 49, [email protected], John Hassler, +46 70 811 72 63, [email protected], Per Strömberg, +46 70 291 64 50, [email protected], Tommy Andersson, +46 73 358 26 54, [email protected], Ingrid Werner, [email protected], members of the Committee for the Prize in Economic Sciences in Memory of Alfred Nobel.

The official website of the Nobel Prize - NobelPrize.org Their discoveries improved how society deals with financial crises This year’s laureates in economic sciences, Ben Bernanke, Douglas Diamond and Philip Dybvig, have significantly improved our understanding of the role of banks in the economy, particularly during financial crises. An important find...

Department of Research and Development (DRD), Kardan University is pleased to announce the fourth workshop of its series on "Fundamentals of Research”. Dr. Nafay Choudhury (Jeremy Haworth Research Fellow, University of Cambridge, UK) will deliver the workshop on Qualitative Research on Legal and Economic Order in the Market of Afghanistan.

The session will be conducted online via Zoom platform on https://us04web.zoom.us/j/76300633461... Meeting ID is 763 0063 3461.

Dear Readers,

Kardan Journals invite authors to submit their original and unpublished work that communicates current research on theoretical, methodological and practical aspects as well as their application in science, business, commerce, social sciences, humanities, law, international relations, finance, economics, marketing, service marketing, operation research, statistics, human resource management, digital marketing, E-commerce, production management, engineering and technology, international economics, IT and systems.

Submit your research paper through: https://kardan.edu.af/Research/SubmitManuscript.aspx

To know more about submission guidelines, kindly visit our website: https://kardan.edu.af/

You are requested to forward the information to all of your research scholars, professors, scientists, colleagues, and universities.

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With Best Regards,

Kardan Journals

Editorial Support Team

+93-780737719

KJEMS, Vol 5, Issue 1, Kardan University

Kardan University's Department of Research and Development (DRD) is pleased to announce the latest issue of Kardan Journal of Economics and Management Sciences (KJEMS, Vol. 5 Issue, 1) which is now available online at: https://kardan.edu.af/Research/CurrentIssue.aspx?j=KJEMS

Karan Journal of Economics and Management Sciences, Vol4, Issue 4, 2021 #

Kardan University's Department of Research and Development (DRD) is pleased to announce the publication of the latest issue of Kardan Journal of Economics and Management Sciences (KJEMS)(Vol. 4 Issue No. 4) which is now available online at: https://kardan.edu.af/Research/CurrentIssue.aspx?j=KJEMS

Learn more about the Department of Research and Development: https://bit.ly/3l0h1up.

Kardan University's Department of Research and Development (DRD) is pleased to announce the publication of the latest issue of Kardan Journal of Economics and Management Sciences (KJEMS)(Vol. 4 Issue No. 4) which is now available online at: https://kardan.edu.af/Research/CurrentIssue.aspx?j=KJEMS

Learn more about the Department of Research and Development: https://bit.ly/3l0h1up.

Yet Another Milestone Achieved

Kardan University's Department of Research and Development (DRD) is proud to announce that Kardan Journal of Economics and Management Sciences (KJEMS), with ISSN. 2616-3950 is now indexed and archived by the Library of Congress, USA, and ScienceGate, which are the largest abstract and citation databases covering high-ranking peer-reviewed journals in the technical, medical, and social sciences fields. The journal's content will be available as soon as all the titles and the content have been processed for indexing.

To visit our journals online at ScienceGate, please visit sciencegate.app/source/317540.

Kardan Journal of Economics and Management Sciences(ISSN: 2616-3950), Volume 4, Issue 3

The latest issue of Kardan Journal of Economics and Management Sciences (Vol. 4 Issue No. 3) is now available online at https://bit.ly/3xbPdrN.

Learn more about or Department of Research and Development: https://bit.ly/3l0h1up.