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    How Financial Literacy Factors Influence Households’ Income and Expenses
    (Social Sciences Research Society, 2024)
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    Financial literacy equips individuals with the knowledge and skills necessary to manage money effectively, thereby fostering financial well-being and supporting societal development through the promotion of financial responsibility. This study investigates the key determinants of financial literacy that influence household income and expenditure. The research employs an empirical analysis, utilising data from a biannual National Income and Expenses Survey. Two models were compared using multivariate estimations to examine the cause-and-effect relationships between income, expenditure, and financial literacy variables. The first model applied the least-squares method, while the second utilised a robust least-squares method, which accommodates outliers and mitigates the impact of assumption violations. Findings reveal that certain factors, including savings, education, medical expense insurance, life insurance, and credit card usage, significantly and positively influence household income and expenses over time. Notably, the acquisition of medical expense insurance, life insurance, and credit card usage emerged as the most impactful factors. Although savings and education were statistically significant, their overall influence on household financial outcomes was comparatively limited. This study contributes by identifying and highlighting the most influential factors affecting household income and expenditure, with implications for policy and practice. It is recommended to enhance financial literacy by improving public understanding and practical engagement with medical expense insurance, life insurance, and credit card usage, thereby promoting more sustainable and prosperous financial outcomes for households. © The authors (2024), International Journal of Economics and Finance Studies ©Social Sciences Research Society.
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    Cultural preservation and economic inclusion in small-scale food production: the case of Latino Farms in Ohio
    (Springer Science and Business Media LLC, 2025-11-05)
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    Sarah Schmidt
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    Marisol Velázquez-Salazar
    <jats:title>Abstract</jats:title> <jats:p>Small-scale food production is declining worldwide, primarily due to the corporatization of food systems. The lack of economic inclusion, the difficulty in preserving culture, and low social integration are some of the primary barriers this economic activity faces. Based on grounded theory and through in-depth interviews with small-scale farmers and other community stakeholders, these components are analyzed in case studies of immigrant Latin American-owned farms and markets in Ohio, USA. This study analyzes SFSC in Ohio Farms as alternatives to preserve food culture as heritage and combat social inequities. The primary findings show that family traditions and cropping methods are closely related and both are important factors for farmers to preserve their cultural heritage. The common typology of SFSC in the analyzed cases is the farmers’ market type. By prioritizing cultural preservation, farmers sacrifice the use of technology, crop fashionable or market-demand food, and therefore forego potential economic benefits. This prioritization creates restrictions to economic inclusion that escalate when coupled with the lack of institutional support.</jats:p>
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    Understanding Inequality Throughout Production and Financial Activities
    (Centre of Sociological Research, NGO, 2025-07-15)
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    The Future of Companies in the Face of a New Reality : Impact and Development in Latin America
    (Springer Singapore, 2021)
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    This book analyzes the changes brought on to economic and business activities in Latin America due to the new scenarios, environments and social dynamics the world is facing as a result of the COVID-19 pandemic, at both micro- and macroeconomic levels. Recent changes to working environments has brought discussions on work-life balance to the forefront, and creating support mechanisms to attract and retain the next generation of workers has become a primary focus for talent managers. At an industry level, there are expectations that once the crisis passes, there will be massive capital inflows toward ESG investments in emerging markets driving the transformation of companies. Consequently, ESG business models will have a cascading effect in the whole supply chain (upstream, midstream and downstream) and will generate greater value for all stakeholders. At the same time, technologies of the fourth industrial revolution, such as Blockchain and Artificial Intelligence, have gradually been adopted by companies leading the charge in ESG business models. The financial sector has taken the lead in these two technologies, but the challenge generated by the COVID-19 pandemic forced other sectors to innovate rapidly in order to remain afloat. Using empirical and theoretical frameworks, the contributors in this book identify the most attractive alternatives to benefit consumers in an adverse environment like the one the world is facing as a result of the COVID-19 pandemic, which while posing a significant challenge for most industries, has also created new opportunities for innovation and ingenuity, analyzing case studies from the coffee and medical tourism sectors in particular. © Springer Nature
      14  1
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    Sustainable Gardening for Economic Inclusion, Poverty Reduction, and Culture Preservation
    (2022)
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    Schmidt, Sarah
    Sustainable gardening activities can be the basis to reduce poverty while preserving culture. By generating economic inclusion, gardening can provide the entry point into society for vulnerable communities. Community stakeholders in Mexico City and Northeast Ohio were studied to analyze whether sustainable gardening can generate economic inclusion while preserving culture. Through in-depth interviews, the relationship between these three components is analyzed. In particular, topics such as gardening experience, family traditions, institutional support, economic barriers, use of technology, cropping methods, and social integration were explored. From conception to implementation and analysis, the goal of agency building reinforced social sustainability. In addition to interpretive qualitative interviews, experiential research was conducted through a “working-with” model where the communities in reference contributed intellectual resources to the project-based research design. Primary results fall into three primary categories including gardening methods, cultural preservation, and economic factors. In each analyzed case, implications of cultural preservation emerge as a foundational motivation to maintain the particular agricultural practice. Despite significant economic barriers, including high poverty rates, the cases in reference nonetheless maintain traditions, thus highlighting the importance of culture. Negative economic implications suggest an absence of institutional support, which contribute to issues of poverty and low quality of life. Social implications indicate a level of marginalization that contributes to the aforementioned economic and institutional barriers. © 2022 by the authors.
    Scopus© Citations 2  10  1
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    Looking Back at 2022: A Recovery or a Protracted Crisis?
    (Palgrave Macmillan, Cham, 2023)
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    The year 2022 was a turbulent time for the global economy because of the cumulative impact of the war in Ukraine, rapid spread of COVID-19 Omicron, record-breaking heat waves, and other macroeconomic shocks. The adverse situation was reflected in many industries, as operations were hampered by employee absenteeism, supply chain disruptions, and inflation. Inflation is seen as the most severe long-lasting damage from the pandemic together with the recessionary interest rate hikes central banks have implemented to control it. Inflation is analyzed as mainly a supply-side problem, caused by supply chain disruptions and companies that went out of business during the lockdowns. As a consequence, high interest rates have so far failed to dampen inflation, but have negatively impacted investment, consumption, tax collection, and public debt payment issues for several countries. This Introduction also includes a commentary of all chapters in this volume. ©The authors ©Palgrave Macmillan, Cham.
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    Innovation and internationalization : Grupo Lorsa : A family firm that found innovation from within
    (2018)
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    Jimenez-Castillo, Luis
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    In 2015, Mexico and Brazil had been the countries with the highest growth rates, reaching a gross domestic product (GDP) of USD$1.21 and US$2.3 trillion respectively, versus other countries such as Argentina, Chile, and Peru. During the first forty years, the main business in Lorsa consisted of selling equipment for laundries and dry-cleaners. The first attempt of the company started in 1953 in Guadalajara by its founder Luis Ousset, an entrepreneur who had worked as an employee and independent advisor in the dry-cleaning sector in Guadalajara and Mexico City for eleven years before starting his own business. He got married in 1951, and had seven children. The children were involved in the company since a young age. Even though all four sons were working in the company, it seemed that the first successor was going to be Luis Jr. He was in charge of key accounts for Lorsa and was the most important sales agent. © 2019 Taylor & Francis.
      38  1
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    The Importance of Health and Social Protection Assets in the Economic Welfare of Households in Mexico
    (Fundación de Investigación del Instituto Mexicano de Ejecutivos de Finanzas, 2023)
    De la Torre-Diaz, Lorena
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    This paper seeks determines how the possession of health and social protection assets affects the probability of a household belonging to a given quintile of a proposed asset ownership index. An ordered logistic regression model was constructed. As a dependent variable, the quintile of each household was used according to the index. This research is based on 48 explanatory variables from the 2020 National Income and Expenses Survey. It confirms that health and social protection assets are relevant in the location of households in a quintile according to its socioeconomic condition. Estimated marginal effects and predictions for every quintile, show that the effect of the assets varies according to the quintile. Ownership of specific assets increase the likelihood of belonging to the higher quintiles. The possession of a voluntary pension fund is the most relevant asset. The empirical results obtained may contribute to design more efficient inequality-reducing public policies by promoting its acquisition and thereby encouraging social mobility. Main limitations of this research are related with the small number of health and social-protection related variables in the survey. ©Revista Mexicana de Economía y Finanzas
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