Journal of Government and Economics最新文献

Does better governance abate the external debt–capital flight revolvement in sub-Saharan Africa?

Journal of Government and Economics Pub Date : 2025-02-13 DOI: 10.1016/j.jge.2025.100136

Adamu Braimah Abille , Ishmael Adjei

{"title":"Does better governance abate the external debt–capital flight revolvement in sub-Saharan Africa?","authors":"Adamu Braimah Abille , Ishmael Adjei","doi":"10.1016/j.jge.2025.100136","DOIUrl":"10.1016/j.jge.2025.100136","url":null,"abstract":"<div><div>Most African countries are grappling with long-term fiscal slippages and escalating debt burdens due to high levels of non-concessional and overcapitalized borrowing. At the same time, the continent is paradoxically deemed a net creditor to the rest of the world owing to excessive capital flight. More concerning is the seemingly strong correlation between external debt and capital flight from these countries. While some studies have considered the moderating role of governance in the effect of capital flight on various sectors of African economies, how governance may moderate the correlation between external debt and capital flight remains empirically unexplored. Using unbalanced panel data on capital flight, external debt, and governance indicators from 1990 to 2020 for 20 African countries, we observe that; (i) the external debt–capital flight revolvement may be a short-run rather than a long-run phenomenon. (ii) The marginal effects show that improved governance indicators at least moderate the short-run positive correlation between external debt and capital flight. We discuss the policy implications.</div></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"17 ","pages":"Article 100136"},"PeriodicalIF":0.0,"publicationDate":"2025-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143455136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The contributions of foreign aid and natural resource wealth to democratic institutions: Evidence from over 40 years of sub-Sahara Africa's history

Journal of Government and Economics Pub Date : 2024-12-01 DOI: 10.1016/j.jge.2024.100132

Alex O. Acheampong , John Taden

引用次数: 0

Political determinants of centre-state transfers: An empirical analysis across Indian states

Journal of Government and Economics Pub Date : 2024-12-01 DOI: 10.1016/j.jge.2024.100130

Deepti Kohli

{"title":"Political determinants of centre-state transfers: An empirical analysis across Indian states","authors":"Deepti Kohli","doi":"10.1016/j.jge.2024.100130","DOIUrl":"10.1016/j.jge.2024.100130","url":null,"abstract":"<div><div>This paper focuses on the political aspect of intergovernmental transfers in India. By using a balanced panel data-set comprising of data on 28 Indian states and Union Territories for the period 2003–2023 for both Legislative Assembly and Parliamentary elections at the state-level, the aim is to investigate whether there occurs a politically motivated distribution of financial resources by the central government to the states in India? The analysis has been done for three categories of centre-state transfers: loans, grants and tax devolution. The regression estimations include various political controls such as, electoral competition between political parties, voter participation rate, government’s ideological leaning, centre-state partisan affiliation, government incumbency and a control for political lobbying. The findings of this study reveal a significant influence of various political forces on different categories of intergovernmental transfers in India. For instance, a greater political competition leads to a lowering of grants and a rise in tax devolution and loans provided by the central government in proportion to the state’s GDP. A left-leaning government ideology is found to entail an increase in the proportion of grants from the centre in proportion to the state’s GDP. In addition, a greater partisan affiliation between the central and state governments leads to an increase in the average proportion of grants and tax devolution provided to that state. Finally, an increase in the political contributions provided to the winning party in a state leads to a rise in the provision of loans and grants by the centre to that state, while tax devolution is dampened. All these results do provide some evidence in favour of electoral opportunism and lobbying at work in the distribution of financial resources across Indian states.</div></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"16 ","pages":"Article 100130"},"PeriodicalIF":0.0,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143097723","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Trade remedy measures and their effects on industry performance, and implicit government intentions: Changes in revealed comparative advantage indices in China, India, and Japan

Journal of Government and Economics Pub Date : 2024-12-01 DOI: 10.1016/j.jge.2024.100129

Keiichi Iwase, Shuichi Ishida

{"title":"Trade remedy measures and their effects on industry performance, and implicit government intentions: Changes in revealed comparative advantage indices in China, India, and Japan","authors":"Keiichi Iwase, Shuichi Ishida","doi":"10.1016/j.jge.2024.100129","DOIUrl":"10.1016/j.jge.2024.100129","url":null,"abstract":"<div><div>This study introduces a two-dimensional matrix analysis method that utilizes revealed comparative advantage and revealed comparative disadvantage indices. It aims to clarify the impact of trade remedy measures on beneficiary industries' performance. We compare the effects of these measures across both growing and mature industries. In the former case, we examine the steel industries in China and India, while in the latter case, we focus on Japan's basic chemicals and other products. By tracking the changes in the revealed comparative advantage and disadvantage indices before and after the execution of each measure, we identify distinct patterns depending on the industry's developmental stage. Although trade remedy measures are defined as countermeasures against unfair trade practices, this distinction enables us to determine whether trade remedy measures serve as tools for enhancing and sustaining industrial competitiveness or averting competitive disadvantages effectively with implicit intentions of governments. Furthermore, this analytical framework also provides insights into industry conditions. Its versatility extends to potential applications in corporate management and policy evaluation.</div></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"16 ","pages":"Article 100129"},"PeriodicalIF":0.0,"publicationDate":"2024-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143097722","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Editor's note: Market-preserving government, global value chains, trade remedies, center-state transfers, and foreign aid.

Journal of Government and Economics Pub Date : 2024-12-01 DOI: 10.1016/j.jge.2025.100133

Zhangkai Huang, David Daokui Li

引用次数: 0

The nature of market-preserving government

Journal of Government and Economics Pub Date : 2024-12-01 DOI: 10.1016/j.jge.2024.100131

Yi-Jiang Wang

引用次数: 0

Long-term effects of deep institutional shocks: Historical evidence from Mexico 深度制度冲击的长期影响：墨西哥的历史证据

Journal of Government and Economics Pub Date : 2024-11-19 DOI: 10.1016/j.jge.2024.100128

Shai Dothan , Mitja Kovac , Rok Spruk

引用次数: 0

Global value chains and intra-BRICs trade in value-added 全球价值链和区域经济一体化倡议内部的增值贸易

Journal of Government and Economics Pub Date : 2024-11-14 DOI: 10.1016/j.jge.2024.100127

José Firmino de Sousa Filho , Gervásio Ferreira dos Santos , Luiz Carlos de Santana Ribeiro , Rodrigo Barbosa de Cerqueira , Larissa Lopes Lima

{"title":"Global value chains and intra-BRICs trade in value-added","authors":"José Firmino de Sousa Filho , Gervásio Ferreira dos Santos , Luiz Carlos de Santana Ribeiro , Rodrigo Barbosa de Cerqueira , Larissa Lopes Lima","doi":"10.1016/j.jge.2024.100127","DOIUrl":"10.1016/j.jge.2024.100127","url":null,"abstract":"<div><div>We analyze the BRICs countries' role in Global Value Chains (GVCs) and their trade patterns in value-added and vertical specialization, using the World Input-Output Database (WIOD) from 2000-2014 with a decomposition model of intermediate goods and trade flows. Our findings reveal increased connectivity within global value chains, particularly for China and India. China significantly advances GVCs and intra-BRICs trade, focusing on high and medium-high technology industries. Brazil and Russia, however, have limited participation in GVCs, mainly engaging in value-added trade for medium-low and low-technology industries. Our network analysis reveals increasing connections between countries in global value chains, particularly for China and India. India excels in medium-technology goods and has increased its share in GVCs. While India and China demonstrate strong vertical specialization, Brazil and Russia concentrate major component exports on domestic value-added. Our study emphasizes the importance of expanding coordinated government policies among BRICs countries to foster value-added trade gains and industrial development. Governments in BRICs must address the strategic gaps to leverage their domestic resources effectively within the GVC framework.</div></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"16 ","pages":"Article 100127"},"PeriodicalIF":0.0,"publicationDate":"2024-11-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142700833","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The state and industrialization in Turkey since the nineteenth century 十九世纪以来土耳其的国家与工业化

Journal of Government and Economics Pub Date : 2024-10-24 DOI: 10.1016/j.jge.2024.100126

Şevket Pamuk

引用次数: 0

European sovereign debt risk management: The role of a European Debt Agency 欧洲主权债务风险管理：欧洲债务机构的作用

Journal of Government and Economics Pub Date : 2024-09-01 DOI: 10.1016/j.jge.2024.100118

Massimo Amato , Everardo Belloni , Carlo A. Favero , Lucio Gobbi , Ludovica Priviero

{"title":"European sovereign debt risk management: The role of a European Debt Agency","authors":"Massimo Amato , Everardo Belloni , Carlo A. Favero , Lucio Gobbi , Ludovica Priviero","doi":"10.1016/j.jge.2024.100118","DOIUrl":"10.1016/j.jge.2024.100118","url":null,"abstract":"<div><p>This paper proposes the establishment of a European Debt Agency (EDA) as a tool for the efficient management of Eurozone public debt, to address two primary risks: roll-over and sustainability risk. The proposed EDA would price its loans using a transparent formula that would anchor the price to fundamental economic factors. This approach would encourage fiscal discipline among Member States and avoid inefficient costs resulting from market price deviations from fundamentals, without resorting to debt mutualization. In addition, the paper suggests that adopting flexible fiscal rules alongside the EDA could result in a smoother path towards debt stabilization, by mitigating the macroeconomic effects of excessive fluctuations in risk premia. The simulations indicate that this combination could offer a comprehensive strategy for managing sovereign debt in the Eurozone that would promote fiscal responsibility and stability.</p></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"15 ","pages":"Article 100118"},"PeriodicalIF":0.0,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667319324000223/pdfft?md5=7d9eeb8a5323d6e57740318b64ac601d&pid=1-s2.0-S2667319324000223-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142270807","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0