ABSTRACT This paper explores the impact of husbands' unemployment on wives' decisions to work and investigates the added worker effect in Thailand. Using the National Labor Force Surveys (LFS) from 2019 to 2024, results show significant added worker effects: wives with at least secondary education tend to increase their labour force participation and hours worked when their husbands are unemployed. Persistent unemployment (12 months or more) in husbands is linked to a substantial increase in wives' labour supply. Factors such as young children and higher local unemployment rates reduce wives' responses in the labour market. Further analysis reveals variations across wives' age groups and between urban and rural areas. Specifically, regardless of education level, rural wives are more responsive to long‐term husbands' unemployment compared to urban wives. These insights emphasize the importance of female human capital in fostering household economic resilience and call for targeted labour market policies and expanded social safety nets in developing economies.
ABSTRACT The literature debates whether venture capitalists (VCs) monitor firms or encourage unethical behaviour. One neglected issue is R&D manipulation, through which firms misrepresent R&D activities to obtain government policy benefits. Drawing on fraud triangle theory, this study uses a machine‐learning‐based bunching method to examine the relationship between VC proximity to exit and firms' R&D manipulation, as well as the moderating roles of VC pressure, influence, and reputation. We find that VC proximity to exit is positively associated with firms' R&D manipulation. Higher VC pressure and greater VC influence strengthen this relationship; surprisingly, stronger VC reputation does so as well. Heterogeneity analyses suggest that this positive association is particularly evident among firms backed by non‐government‐funded VCs and firms with lower industry market positions. We also find that firms near the bunching threshold when VCs are closer to exit do not exhibit corresponding innovation outcomes. These findings clarify the governance role of VCs, enrich research on innovation‐related misconduct, and offer implications for regulatory governance and innovation management.
ABSTRACT In this study, we incorporate recent major external shocks to analyse fluctuations in emerging market economies. We use a Global Vector Autoregression (GVAR) model from January 1999 to October 2022, incorporating major industrialized and emerging economies. The results indicate that the world economy is the principal component associated with domestic fluctuations in emerging economies, with China showing a high degree of dynamic correlation. The estimates also underscore the importance of the world economy in the decomposition of house prices, oil prices, and geopolitical risk.
ABSTRACT In the past decades, Vietnam has experienced a prolonged period of rapid economic growth. Many argued that the State Bank of Vietnam (SBV), which is an essential part of the Vietnamese government, makes a significant contribution to that achievement. However, high inflation in certain periods raises doubts about that compliment. Furthermore, studies of monetary policy in Vietnam mostly relied on constant‐parameter models such as VAR, which may not be proper as economic structure and monetary policy conduct have been changing in Vietnam. Therefore, it is of importance to have a rigorous study about how monetary policy conduct varies over time in Vietnam. This paper uses a TVP‐VAR model to investigate possible shifts in the implementation of monetary policy in Vietnam over the period 2008–2024. We find that monetary policy has a significant response to exchange rate and its effectiveness is open to question. The price puzzle persistently exists across periods. Furthermore, the role of exchange rate is non‐trivial and increasing. Global commodity prices become more important, especially in the post Covid‐19 period.
