{"title":"The state and industrialization in Turkey since the nineteenth century","authors":"Şevket Pamuk","doi":"10.1016/j.jge.2024.100126","DOIUrl":"10.1016/j.jge.2024.100126","url":null,"abstract":"<div><div>State directed industrialization in developing countries became a common strategy after World War II. The success of a small number of countries in East Asia added new dimensions to the debates on the role of states in taming domestic and international market forces. However, it soon became evident that states and government-private sector relations in developing countries show a great deal of variation which is reflected in the different degrees of success with state directed industrialization. This paper focuses on a country which has experienced above average rates of industrialization but has not been amongst the most successful cases. It examines the evolution of the larger political order, the state-private sector relations and the related “micro” institutions in four periods. One key finding is that the international environment has not always been conducive to industrialization. Moreover, industrialization outcomes did not depend on a single or a specific set of institutions but on the relations between the political and private sector elites, and more generally, on the political economy.</div></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"16 ","pages":"Article 100126"},"PeriodicalIF":0.0,"publicationDate":"2024-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142658486","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}
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}
{"title":"Government responses to oilfield discoveries: Impact of resource wealth on non-resource tax revenues","authors":"Abraham Lartey","doi":"10.1016/j.jge.2024.100119","DOIUrl":"10.1016/j.jge.2024.100119","url":null,"abstract":"<div><div>It has often been argued that countries that produce natural resources mobilize less non-resource tax revenues than other countries. In this paper, we exploit the exogenous variation in the timing of giant oilfield discoveries to estimate the causal impact of natural resources on taxation. The timing of giant oilfield discoveries is arguably exogenous and thus renders them appealing to empirically examine this argument. This allows us to examine the performance of non-resource tax revenue effort before and immediately after discovery as well as the period corresponding to the inflow of revenues from the production. We find that non-resource tax revenues tend to increase in the period following the discovery before the onset of production and after production commences. This effect is due to an increase in non-resource indirect tax revenues. Further analysis shows that both the total and indirect non-resource tax revenues, experience an increase in only low- -middle income countries, and largely driven by an increase in the consumption of goods and services.</div></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"15 ","pages":"Article 100119"},"PeriodicalIF":0.0,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667319324000235/pdfft?md5=e3b370cc9f9de8dd67c2f9473324c9db&pid=1-s2.0-S2667319324000235-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142315018","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}
{"title":"Education and economic growth: Does the East Asian education fever overstate the growth effect?","authors":"Jang C. Jin , Dan-A Kim","doi":"10.1016/j.jge.2024.100121","DOIUrl":"10.1016/j.jge.2024.100121","url":null,"abstract":"<div><div>This paper employs a cross-country regression to investigate the role of education in the growth of nations. The sample includes 101 countries over the period from 1980 to 2015. We have found that education, in general, has significant effects on economic growth. For the robustness of the results, several sensitivity tests were conducted using alternative measures of education, as well as a dummy variable to isolate an East Asian growth effect. The results were generally robust in that the growth effect of the quantity measure of schooling was statistically significant. However, the growth effect of quality measures of education was substantially mitigated and became insignificant when the East Asian effect was segregated from the regression. The results suggest that the significant growth effects of educational quality found in the literature could have been overstated because of the East Asian growth effect which was largely attributed to the education fever in East Asia.</div></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"15 ","pages":"Article 100121"},"PeriodicalIF":0.0,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142442940","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}
{"title":"Reform of the Stability and Growth Pact: Which changes for the governments?","authors":"Séverine Menguy","doi":"10.1016/j.jge.2024.100120","DOIUrl":"10.1016/j.jge.2024.100120","url":null,"abstract":"<div><div>In 2020, in the context of the COVID-19 health crisis, the rules of the Stability and Growth Pact were temporarily suspended in the European Union. Nevertheless, the European Council and the European Parliament reached an agreement for the reactivation of these rules in 2024. A simple analytical modeling then shows that the empirical implications of the new rules suggested for a reformed Stability and Growth Pact would not be very different from those derived from the rules previously applied. Regarding highly indebted countries, the new debt sustainability safeguard of the reformed SGP could be slightly less binding than the previous rule of the Six Pack requiring to reduce 1/20th of the excess of the public debt each year. However, this criterion as well as those related to the structural budget deficit would not change much the conclusions and the recommendations of the reformed Stability and Growth Pact in comparison with former European fiscal rules. So, reactivated fiscal rules should remain difficult to comply with for many European countries.</div></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"15 ","pages":"Article 100120"},"PeriodicalIF":0.0,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142359507","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}
{"title":"Ideology and economic change the contrasting paths to the modern economy in late 19th century China and Japan","authors":"Debin Ma , Jared Rubin","doi":"10.1016/j.jge.2024.100122","DOIUrl":"10.1016/j.jge.2024.100122","url":null,"abstract":"<div><div>This paper revisits the old theses of the contrasting paths to modernization between Japan and China. It develops a new analytical framework regarding the role of ideology and ideological change—Meiji Japan's decisive turn towards the West pitted against Qing China's lethargic response to Western imperialism—as the key driver behind these contrasting paths. Our framework and historical narrative highlight the contrast between Tokugawa Japan's feudal, decentralized political regime and Qing China's centralized bureaucratic system as a key determinant driving the differential patterns of ideological realignment. We argue that the 1894–95 Japanese naval victory over China could not be justified under the prevailing Imperial Chinese ideology and thus served as the catalyst for China's subsequent ideological transformation, which occurred via borrowing Japan's successful Meiji reforms of both institutions and ideology. Our analytical framework, developed from a comparative historical narrative, sheds new insights on the importance of ideology and ideological change for our understanding of political and economic change.</div></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"15 ","pages":"Article 100122"},"PeriodicalIF":0.0,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142421937","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}
{"title":"Does government regulations protecting employee privacy hurt employment? The Impact of Salary History Bans on Employment","authors":"Ting Zhai","doi":"10.1016/j.jge.2024.100117","DOIUrl":"10.1016/j.jge.2024.100117","url":null,"abstract":"<div><p>There is a long-standing debate over the merits of confidential and transparent pay. Yet, as some states and counties in the U.S. have implemented policies that prohibit employers from asking about historical pay, many top tech companies such as Apple have introduced corresponding policies. In particular, this paper examines whether they have impacted employment. In this paper, we use the implementation of the salary history ban as a ”quasi-natural experiment” to assess the impact of the policy on employment using a staggered difference-in-differences method based on county-level panel data from 2013 to 2021. The study shows that the salary history ban does not significantly contribute to the increase in employment levels in general; even the implementation of the salary history ban reduces employment in local firms by an average of 1.04% relative to firms in areas where the policy is not implemented. This paper provides new empirical evidence on the effects of salary history bans and provides a reference for further improvements in corporate payroll management systems in practice.</p></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"15 ","pages":"Article 100117"},"PeriodicalIF":0.0,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667319324000211/pdfft?md5=49732887d9f01e3a5cc37403e4ac9efd&pid=1-s2.0-S2667319324000211-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142149610","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}
{"title":"Public debt and debt sustainability in Europe, salary regulation in the U.S., East Asia education fever, and tax revenues of oil-rich countries","authors":"Zhangkai Huang, David Daokui Li","doi":"10.1016/j.jge.2024.100123","DOIUrl":"10.1016/j.jge.2024.100123","url":null,"abstract":"","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"15 ","pages":"Article 100123"},"PeriodicalIF":0.0,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142421936","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}
{"title":"Crowding in during the Seven Years’ War","authors":"Nuno Palma , Carolyn Sissoko","doi":"10.1016/j.jge.2024.100109","DOIUrl":"https://doi.org/10.1016/j.jge.2024.100109","url":null,"abstract":"<div><p>We present a financial history of the Seven Years’ War (1756–1763) using a new dataset derived from the Bank of England minutes. We argue that the war and the associated actions of the Bank of England led to a transformation of the financial system. Additionally, while there was short-term crowding out of private investment when interest rates rose due to the issue of war-related government debt, in the long-run there was crowding in: government spending led to an increase in private sector investment.</p></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"14 ","pages":"Article 100109"},"PeriodicalIF":0.0,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667319324000132/pdfft?md5=4cf5ae00dc93b3c8fcc307a51fbaad0a&pid=1-s2.0-S2667319324000132-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141606556","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}
{"title":"Preference alignment or executive predominance: The rise of states' rulemaking provisions in the U.S.","authors":"Brian Baugus , Feler Bose , Jeffry Jacob","doi":"10.1016/j.jge.2024.100110","DOIUrl":"https://doi.org/10.1016/j.jge.2024.100110","url":null,"abstract":"<div><p>Before 1941, U.S. regulatory bodies were unrestricted. By 1946, several states and the federal government had imposed restrictions. It further took 40 years for every state to enact an Administrative Procedures Act (APA), a law that dictates how regulatory agencies promulgate regulations. Despite being overlooked, APAs significantly impact states in often missed or ignored ways. We analyzed each state's rulemaking procedures at four different points in time to see if they've increased or decreased restrictions on regulatory agencies. We created two indexes: a Restrictiveness index, a summative index, and another derived from multiple correspondence analysis. We studied how legislative professionalism, interest group constraint, citizen ideology, and government partisanism affect APA restrictions.</p></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"14 ","pages":"Article 100110"},"PeriodicalIF":0.0,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667319324000144/pdfft?md5=4b395816186fc7afe1e76b6602c4c345&pid=1-s2.0-S2667319324000144-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141540056","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}