Development in Turbulent Times

Background: Critical consciousness represents an emancipatory pedagogical process whose central goal is developing the necessary skills to identify and act in the direction of changing social limitations. An important kind of action that helps challenge social limitations is altruistic behaviour. Moreover, moral values could enhance the effect of critical consciousness on altruistic behaviour. Method: This study aims to provide some empirical support for the benefits of a unifying framework between moral education and critical consciousness by exploring the association between critical motivation and moral foundations, and the moderating role of groups’ status (disadvantaged versus privileged) within this association. The present research explores the link between critical consciousness, altruistic behaviour, and the mediational role of moral foundations. The data was collected from participants studying in urban areas and disadvantaged rural areas. Hence, the socio-economic status of the individuals (disadvantaged groups versus privileged groups) is considered a moderator in this dynamic. The study sample comprised 1031 adolescents aged 13–19 (M = 16.51, SD = 1.54). Results: The findings emphasise that fairness and care moral foundations mediate the relationship between critical motivation and altruistic behaviour, and the moderator role of group status. In conclusion, the poor development of critical motivation in disadvantaged groups influences moral values development and, ultimately, affects individual behaviour in the community.

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The Use of Economic Indicators as Early Signals of Stock Market Progress: Perspectives from Market Potential Index

Eldomiaty,

Azzam,

Fouad

et al. 2024

IJFS

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The progress of financial markets depends on the way world investors foresee the market potential of the country of choice. Countries that are associated with favorable economic incentives are able to motivate investments in their respective stock markets. The objective of this paper is to examine the role of the many economic components which constitute the Market Potential Index in enhancing stock market progress. The methodology goes through testing and estimation. The tests include linearity versus nonlinearity (RESET), normality, and cointegration. The estimation includes cointegration regression and discriminant analysis to distinguish between high and low stock market progress. This study examines unbalanced panel data that covers the years 1996–2022 for 54 countries where a stock market exists. The results show the following: (a) increases in people’s expenditure result in decreases in consumption of investment in financial securities; (b) the investments in infrastructure technology is positively associated with stock market progress; (c) the positive effect of economic freedom indicates that further adaptive trading regulations are beneficial to stock market progress; (d) increases in imports consume large proportions of people’s income, coming at the expense of investment in financial securities; (e) stock markets that are associated with high country risk are characterized by a positive risk–return tradeoff, i.e., a high risk premium; (f) the stock markets listed in the MPI can reach high progress by improving three indicators, namely commercial infrastructure, market receptivity, and country risk. This paper offers a thorough and unique examination of the institutional arrangements and stock market progress. The paper offers a guide to policy makers about how economic institutional arrangements can be promoted in order to reach high stock market progress.

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Development in Turbulent Times

Cited by 3 publications

References 109 publications

Development Institutions and Sovereign Wealth Fund as a Tool for Implementing Transformation Processes in the Economy

Development Institutions and Sovereign Wealth Fund as a Tool for Implementing Transformation Processes in the Economy

Evidence to the Need for a Unifying Framework: Critical Consciousness and Moral Education in Adolescents Facilitate Altruistic Behaviour in the Community

The Use of Economic Indicators as Early Signals of Stock Market Progress: Perspectives from Market Potential Index

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