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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
{"title":"Long-term effects of deep institutional shocks: Historical evidence from Mexico","authors":"Shai Dothan ,&nbsp;Mitja Kovac ,&nbsp;Rok Spruk","doi":"10.1016/j.jge.2024.100128","DOIUrl":"10.1016/j.jge.2024.100128","url":null,"abstract":"<div><div>This paper examines the potential impact of institutional shocks on long-term development of property rights and on institutions regulating contracting. The paper seeks to demonstrate that the external institutional shocks might have an uncontemplated side-effect on the institutional development of Mexico. The analysis exploits the within-country variation in the presence of US administrative authorities during the Mexican-American conflict across Mexican states and cities. Using propensity score and nearest neighbour matching technique, we present some evidence of the potential long-term institutional implications of the presence of US administrative authorities. We show that the presence of US administrative authority generated an unexpected positive effect which could influence long-term property rights and contracting institutions of Mexican states. The positive impact of US administrative authorities’ presence are robust to a variety of specification checks and are particularly large for smaller cities.</div></div>","PeriodicalId":100785,"journal":{"name":"Journal of Government and Economics","volume":"16 ","pages":"Article 100128"},"PeriodicalIF":0.0,"publicationDate":"2024-11-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142700835","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
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 ,&nbsp;Gervásio Ferreira dos Santos ,&nbsp;Luiz Carlos de Santana Ribeiro ,&nbsp;Rodrigo Barbosa de Cerqueira ,&nbsp;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
{"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}
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 ,&nbsp;Everardo Belloni ,&nbsp;Carlo A. Favero ,&nbsp;Lucio Gobbi ,&nbsp;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
Government responses to oilfield discoveries: Impact of resource wealth on non-resource tax revenues 政府对油田发现的反应:资源财富对非资源税收的影响
Journal of Government and Economics Pub Date : 2024-09-01 DOI: 10.1016/j.jge.2024.100119
Abraham Lartey
{"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}
引用次数: 0
Education and economic growth: Does the East Asian education fever overstate the growth effect? 教育与经济增长:东亚教育热是否夸大了增长效应?
Journal of Government and Economics Pub Date : 2024-09-01 DOI: 10.1016/j.jge.2024.100121
Jang C. Jin , Dan-A Kim
{"title":"Education and economic growth: Does the East Asian education fever overstate the growth effect?","authors":"Jang C. Jin ,&nbsp;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}
引用次数: 0
Reform of the Stability and Growth Pact: Which changes for the governments? 稳定与增长公约》的改革:对各国政府而言,哪些变化?
Journal of Government and Economics Pub Date : 2024-09-01 DOI: 10.1016/j.jge.2024.100120
Séverine Menguy
{"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}
引用次数: 0
Ideology and economic change the contrasting paths to the modern economy in late 19th century China and Japan 意识形态与经济变革:19 世纪末中国和日本通往现代经济的截然不同的道路
Journal of Government and Economics Pub Date : 2024-09-01 DOI: 10.1016/j.jge.2024.100122
Debin Ma , Jared Rubin
{"title":"Ideology and economic change the contrasting paths to the modern economy in late 19th century China and Japan","authors":"Debin Ma ,&nbsp;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}
引用次数: 0
Does government regulations protecting employee privacy hurt employment? The Impact of Salary History Bans on Employment 保护员工隐私的政府法规会损害就业吗?薪资记录禁令对就业的影响
Journal of Government and Economics Pub Date : 2024-09-01 DOI: 10.1016/j.jge.2024.100117
Ting Zhai
{"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}
引用次数: 0
Public debt and debt sustainability in Europe, salary regulation in the U.S., East Asia education fever, and tax revenues of oil-rich countries 欧洲的公共债务和债务可持续性、美国的薪酬监管、东亚的教育热和石油富国的税收收入
Journal of Government and Economics Pub Date : 2024-09-01 DOI: 10.1016/j.jge.2024.100123
Zhangkai Huang, David Daokui Li
{"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,&nbsp;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}
引用次数: 0
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