{"title":"How can the value added of Vietnam’s export industries be increased?","authors":"Haruhiko Nakamura, T. Marukawa","doi":"10.1080/2329194x.2024.2331531","DOIUrl":"https://doi.org/10.1080/2329194x.2024.2331531","url":null,"abstract":"","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"341 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140227879","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Persistent institutional malfunctioning in the Eurozone","authors":"Matteo Giordano, C. Lapavitsas","doi":"10.1080/2329194x.2023.2289883","DOIUrl":"https://doi.org/10.1080/2329194x.2023.2289883","url":null,"abstract":"","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"7 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138585994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Greenhouse Suppliers 100: A ranking of corporate producers of greenhouse gas precursors in the USA","authors":"Michael Ash, James K. Boyce, Richard Puchalsky","doi":"10.1080/2329194x.2023.2252483","DOIUrl":"https://doi.org/10.1080/2329194x.2023.2252483","url":null,"abstract":"This paper presents the first comprehensive database of corporate suppliers of fossil fuels and greenhouse gas supply stocks in the U.S. economy. The database is a publicly available resource that adds value to existing information sources in two ways. First, we combine several high-quality public data sources, including the US Environmental Protection Agency (EPA) Greenhouse Gas Reporting Program (GHGRP), which reports on most products that would result in GHG emissions if those products were released, com-busted, or oxidized, with the notable exception of coal, and data on coal from the US Energy Information Administration and the US Mine Safety and Health Administration. In this paper, we discuss the importance of coal as a GHG source and describe its exclusion from coverage by the GHGRP. Second, we aggregate facility-level data (on individual mines, wellheads, refineries, pipelines, and import facilities) to the corporate level, with the corporate final parent as the unit of analysis. While the data collection of the EPA focuses on individual facilities as the reporting units, the analysis of corporate ownership shifts attention to control and responsibility. Here we use these data to explore the corporate concentration of GHG activity, and we compare the degree of concentration between GHG supply and emissions, and between the facility level and the corporate level. Finally, we discuss current and potential applications and possible extensions, such as the development of environmental-just-ice metrics for fossil-fuel suppliers.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132035781","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The crisis of neo-liberal capitalism","authors":"P. Patnaik","doi":"10.1080/2329194x.2023.2249954","DOIUrl":"https://doi.org/10.1080/2329194x.2023.2249954","url":null,"abstract":"","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125409736","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Will democracy support switching from targeting to universalism?","authors":"M. Bugarin","doi":"10.1080/2329194x.2023.2224968","DOIUrl":"https://doi.org/10.1080/2329194x.2023.2224968","url":null,"abstract":"","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"240 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133805444","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The 60-year downward trend of economic growth in the industrialized countries of the world","authors":"A. Freeman","doi":"10.1080/2329194X.2023.2214594","DOIUrl":"https://doi.org/10.1080/2329194X.2023.2214594","url":null,"abstract":"Abstract This report, using data from a range of authoritative sources, studies the long-term postwar economic growth of the industrialised North and shows that this has fallen continuously, with only brief and limited interruptions, since at least the early 1960s. The trend is extremely strong and includes all major Northern economies without exception. It is confirmed by both Purchasing-Power-Parity (PPP) and a range of standard real GDP measures, by a variety of weightings of the growth rates, and a variety of aggregations of different countries. The Newly-Industrialised Countries (NICS), after early high growth rates, joined the general trend of other industrialised countrieds after the Asian Financial Crisis of 1997. It is thus an extremely well-confirmed historical trend. Recent data show no evidence of any post-COVID reversal. These results sheds new light on the current difficulties of the world economy and have many implications. They conflict with any idea that Secular Stagnation as it is increasingly referred to even in mainstream literature, originates in some recent upset such as the 2008 crash, or in the incidence of, or problems created by, a putative new régime of accumulation such as neoliberalism or financialisation. In fact, the roots of the present crisis lie in a long historical process which set in very shortly into the ‘Golden Age’ of postwar expansion.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"78 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115326280","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Introduction to the special issue on secular stagnation as a new great depression","authors":"Nobuharu Yokokawa","doi":"10.1080/2329194X.2023.2215014","DOIUrl":"https://doi.org/10.1080/2329194X.2023.2215014","url":null,"abstract":"In her introduction for Japan’s Secular Stagnation and Beyond, Radhika Desai concludes, “Each of the writers suggests that a resolution would require a significant paradigm change. All of these imply some sort of socialism.” Considering this topic’s importance, we organized international symposiums on secular stagnation as a new great depression. Because of the time differences, the symposiums were divided into two parts, with speakers in Japan and North America on March 26, 2023, and speakers in Europe and Asia on May 27, 2023. This special issue is based on the Symposium on Secular Stagnation as a New Great Depression, Part One. This introduction includes (1) the Musashi International Symposium on Secular Stagnation as a New Great Depression, (2) an introduction to the JPE special issue on secular stagnation as a new great depression, and (3) an obituary of Professor Makoto Itoh, one of the editors of Japan’s Secular Stagnation and Beyond and organizers of the symposium.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131329320","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Secular stagnation and fiscal crisis in the United States and China","authors":"Minqi Li","doi":"10.1080/2329194X.2023.2209889","DOIUrl":"https://doi.org/10.1080/2329194X.2023.2209889","url":null,"abstract":"Abstract One of the consequences of the secular decline of economic growth has been the developing fiscal crisis in the leading capitalist economies. This paper projects possible developments of fiscal crisis in the United States and China, two largest economies in the world. Using projections of future economic growth and plausible assumptions about government primary deficits and real interest rates, future trajectories of government debt to GDP ratio can be established. Under the “reference case” scenario, the US government debt to GDP ratio is projected to rise to 222 percent implying government deficit to GDP ratio of 12–16 percent. China’s government debt to GDP ratio is projected to reach 139 percent by 2050 under the “reference case” scenario and likely to stay on unsustainable trajectories after 2050. Failure to resolve fiscal crisis in the leading capitalist countries could be one of the symptoms indicating that the existing social system is approaching its historical limit.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"105 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131268886","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The economic and institutional dynamics of China’s growing financial influence: a “structural power” perspective","authors":"E. Gürcan, Can Donduran","doi":"10.1080/2329194X.2023.2184387","DOIUrl":"https://doi.org/10.1080/2329194X.2023.2184387","url":null,"abstract":"Abstract What are the economic and institutional dynamics behind China’s growing aspirations to expand its financial influence? Drawing on Susan Strange’s notion of “structural power”, this article examines China’s quest for superiority within the financial realm since the early 2000s. Our findings suggest that China’s financial rise is mainly driven by its efforts at increasing its “international monetary power” and developing its ability to control international credit and investment flows within a new normative and institutional framework. The main contribution of this article lies in conceptualizing China’s growing financial influence based on a comprehensive set of indicators to develop Strange’s theory.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127494595","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Revisiting Baumol’s growth disease in Japan","authors":"H. Nishi","doi":"10.1080/2329194X.2023.2212935","DOIUrl":"https://doi.org/10.1080/2329194X.2023.2212935","url":null,"abstract":"Abstract This study analyzes the cause of secular stagnation in Japan after the economic bubble and its association with industrial structural change, specifically Baumol’s growth disease (BGD). Our analysis updates Nishi and focuses on the period between 1995 and 2018 using the latest version of the JIP (Japan Industrial Productivity) database. Then, we ask “Is Japan suffering from BGD?” Our approach includes decomposition of the aggregate labor productivity growth rate, fixed-share growth rate (FSGR) measurement, and a transition probability matrix. The decomposition reveals that the within-sector effect (WSE) is the main source of aggregate labor productivity. The reallocation growth effect (RGE), which measures BGD, was negative for both the short- and long-run averages of the post-1995 period. This period is different from the previous one, as the WSE declined significantly, and the considerable decline in the WSE can be seen as a major factor in Japan’s stagnation over the past 30 years. During this stagnation, BGD silently undermined the Japanese economy, albeit as a secondary effect. Furthermore, our FSGR and transition probability matrix show that persists and is infectious in Japan. Sectors that undergo BGD tend to persist in this state, and even when one sector is in a non-BGD state, it is more likely to develop BGD.","PeriodicalId":174725,"journal":{"name":"The Japanese Political Economy","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124055554","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}