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Drawing from neoclassical growth theories, this study explores the interplay between financial development, gender‐specific human capital, and total factor productivity (TFP) growth in India, addressing a gap in prior literature by examining their interactive effects on emerging economies' productivity trajectories. Employing the ARDL Bound test model, we estimate the productivity growth equation using annual data from 1980 to 2019. Variables such as government spending on education and foreign direct investment serve as crucial control variables in the TFP growth framework. Our findings reveal nuanced dynamics: while financial development enhances productivity growth in the absence of gender‐specific human capital considerations, its impact varies significantly with the inclusion of male and female education levels. Notably, financial development positively influences productivity growth when male education levels are high. Surprisingly, financial development hampers productivity growth when female education level is high. These insights underscore the disproportionate influence of male education on productivity growth vis‐à‐vis female education in India. This study contributes to the literature by highlighting the differential impacts of financial development on India's productivity growth in the presence of gender‐specific human capital. This analysis emphasizes the role of gender dynamics in educational attainment for policymakers aiming to leverage financial development as a catalyst for productivity growth. In addition, the policymakers in India are urged not to downplay the significance of male education in fostering financial development and augmenting productivity growth. Furthermore, the policymakers are advised to scrutinize the adverse repercussions of financial development on productivity growth within the context of female education at higher levels. [ABSTRACT FROM AUTHOR]

This study intends to empirically evaluate the effects of economic globalization and its components (i.e. trade and financial openness) on unemployment in high‐, middle‐ and low‐income countries from 1991 to 2020. Further, it considers real GDP per capita (sectoral divisions of income, i.e. agriculture, industry and service sector) and urbanization as control variables in the unemployment function. On the empirical front, this study employs the Panel Dynamic Simulated ARDL model and the Kernel‐Based Regularized Least Squares for long‐run influence estimations. The emanating outcome of these analyses states that economic globalization destroys employment opportunities for low‐income countries as it enhances unemployment in the long run. However, in high‐ and middle‐income countries, economic globalization creates employment, which implies reducing unemployment in the long run. The result also indicates that trade and financial openness destroy employment opportunities in low‐income countries. Although trade openness in middle‐income countries shows the same effect, financial openness does not mimic the same. For high‐income countries, trade openness reduces unemployment, but financial openness fosters it. Therefore, these findings indicate that to keep unemployment at a low level, policies related to the opening up of the economy in terms of factor mobility, offshoring, outsourcing and international trade need to be implemented in low‐income countries. Moreover, a similar consideration is needed for high and middle‐income countries to avoid faraway repercussions on unemployment due to becoming a peripheral country. [ABSTRACT FROM AUTHOR]

Background and objectivesDifficulties with attentional control have long been thought to play a key role in anxiety and depressive disorders. However, the nature and extent of attentional control difficulties in social anxiety disorder (SAD) are not yet well understood. The current study was designed to assess whether attentional control for non-emotional information is impaired in SAD when taking comorbid depression into account..MethodsIndividuals with SAD and healthy controls (HCs) were administered an attentional blink (AB) task in which they identified number targets in a rapid serial visual presentation stream of letters.ResultsIndividuals with SAD and current comorbid depression exhibited reduced accuracy to identify a target that fell within the AB window after the presentation of a first target compared to individuals with SAD without current comorbid depression, as well as to HCs. The latter two groups did not differ from each other, and the three groups did not differ in accuracy for the second target when it was presented after the AB window.LimitationsAlthough we included two clinical groups and the sample size for the non-comorbid SAD group was large, the comorbid SAD group was relatively small.ConclusionsThese results suggest that impaired attentional control among individuals with SAD may be limited to those suffering from current comorbid depression..

Motivated by the necessity of attaining carbon neutrality and striking a balance between clean and conventional energy sources, the emphasis is on how urgent it is to combat climate change and make the switch to sustainable energy systems. In this context, the current study aims to examine the effects of energy diversification on green growth, considering such complementary factors as green technology, human capital, remittance inflows, foreign direct investment inflows, trade openness, and gross fixed capital formation. An empirical analysis is conducted by framing a green growth function in the panel data framework which is analyzed using the dynamic standard correlated model for the BRICS nations (Brazil, Russia, India, China, and South Africa) for the period between 1995 and 2020. The results show that (i) energy diversification exerts a dampening effect on the trajectory of green growth, (ii) the process of green growth was affected due to green technology and foreign direct investment inflows, (iii) underscores the pivotal role of human capital and gross fixed capital formation in bolstering the green growth trajectory, (iv) despite their potential relevance, remittance inflows and trade openness exhibit negligible impact within the framework of the green growth function, thus underscoring their limited contribution to the overarching sustainable development. The practical policy recommendations and invaluable insights provided by these empirical findings are instrumental in fostering green growth among the BRICS countries. Moreover, it contributes to the discourse on sustainable development by providing a solid foothold for informing the development of relevant policies in similar situations around the world. [ABSTRACT FROM AUTHOR]

This paper investigates the pattern of the financial development convergence for the top (Europe and Central Asia) and the bottom (South Asia) globalized developing regions from 1984 to 2016. We employ the Philips-Sul club convergence approach to measure the financial development convergence's speed. The results validate the convergence of financial development in all countries, including the top and bottom of globalized developing regions. Interestingly, the speed of financial development convergence is less in the bottom globalized developing region than in the top globalized developing region. However, these results vary across developing regions in the case of financial institutions and financial markets. Therefore, solid financial market governance can provide a productive and efficient financial system, particularly in the bottom globalized economies. [ABSTRACT FROM AUTHOR]

This study explores the complex interactions between renewable energy production, innovation, economic growth, institutional quality, economic globalization, and CO2 emissions in OECD countries and emerging economies from 1996 to 2021. Results from Driscoll–Kraay standard error and feasible generalized least square reveal distinct trends: renewable energy production leads to increased CO2 emissions in emerging economies but significantly reduces emissions in OECD countries. Besides, residential and non‐residential innovation, along with total innovation, show similar effects. Notably, technology‐moderated renewable energy production effectively lowers CO2 emissions in both country groups. Similarly, economic growth enhances environmental quality in both sets of countries. However, institutional quality needs improvement in emerging economies, while current levels suffice in OECD nations to maintain environmental quality. Moreover, the study emphasizes the importance of considering globalization's impact on CO2 emissions, advocating for international agreements to leverage globalization for environmental benefits. Overall, these findings provide valuable insights for shaping renewable energy policies, fostering innovation, promoting economic growth, enhancing institutional quality, and harnessing globalization efforts to reduce CO2 emissions and enhance environmental quality. [ABSTRACT FROM AUTHOR]

This article considers the annual sample from 1984 to 2019 in a panel dataset of 20 emerging economies (i.e. Brazil, Chile, China, Colombia, the Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Kuwait, Malaysia, Mexico, Peru, the Philippines, Poland, Saudi Arabia, South Africa, Thailand, and Turkey) given by Morgan Stanley Capital International (MSCI), to explore the effects of trade and financial globalization on total factor productivity (TFP) growth. It considers domestic credit to the private sector by banks as a percentage of gross domestic product (GDP), labor force, and total gross fixed capital formation as a percentage of GDP as control variables in the total factor productivity function. The article considers the direct effects of trade and financial globalization. It also checks the moderating impact of domestic credit on TFP. The long-run estimation shows that domestic credit, labor force, and financial globalization reduce TFP growth, whereas investments and trade globalization enhance it. Interestingly, their moderating effect enhances TFP in the long run. The policy implications are also discussed. [ABSTRACT FROM AUTHOR]