Institutions & Transition Economics: Political Economy eJournal最新文献

Municipal and Sub-Federal Debt Market in 2020 2020年的市政和次联邦债务市场

Institutions & Transition Economics: Political Economy eJournal Pub Date : 2021-08-12 DOI: 10.2139/ssrn.3904672

A. Shadrin

引用次数: 0

Downward Power Consolidation and Public Investment: Theory and Evidence from China 权力向下整合与公共投资:来自中国的理论与证据

Institutions & Transition Economics: Political Economy eJournal Pub Date : 2021-07-26 DOI: 10.2139/ssrn.3893272

Daniel Z. Li, Zeren Li, Qi Zhang

引用次数: 0

Факторы роста уровня пенсионного обеспечения в среднесрочной и долгосрочной перспективе (Growth Factor in the Level of Pension Provision in the Medium and Long Term) 中长期养老金水平增长因素（中长期养老金水平增长因素）

Institutions & Transition Economics: Political Economy eJournal Pub Date : 2021-02-17 DOI: 10.2139/ssrn.3835080

Y. Gorlin, Victor Lyashok

引用次数: 0

Taxes and Business Philanthropy in Armenia 亚美尼亚的税收和商业慈善事业

Institutions & Transition Economics: Political Economy eJournal Pub Date : 2021-02-01 DOI: 10.2139/ssrn.3805616

Zareh Asatryan, David Joulfaian

引用次数: 3

State Ownership and Debt Structure 国家所有权和债务结构

Institutions & Transition Economics: Political Economy eJournal Pub Date : 2021-01-26 DOI: 10.2139/ssrn.3773588

Narjess Boubakri, Ruiyuan Chen, Sadok El Ghoul, O. Guedhami

引用次数: 11

The Bribe Rate and Long Run Differences in Sovereign Borrowing Costs 贿赂率与主权借款成本的长期差异

Institutions & Transition Economics: Political Economy eJournal Pub Date : 2021-01-14 DOI: 10.2139/ssrn.3767115

Jonny Cotoc, Alok Johri

{"title":"The Bribe Rate and Long Run Differences in Sovereign Borrowing Costs","authors":"Jonny Cotoc, Alok Johri","doi":"10.2139/ssrn.3767115","DOIUrl":"https://doi.org/10.2139/ssrn.3767115","url":null,"abstract":"The average cost of borrowing on international financial markets varies widely from nation to nation even after controlling for the varying levels of indebtedness of their governments. This suggests that markets assign country specific default risk assessments. In this paper we focus on one natural source of this difference – the quality of their institutions. We begin by showing that the average sovereign spread is positively related to the average percentage of a government contract that must be given as a “gift” in order to secure the contract. We then build a sovereign default model where the government is constrained to use corrupt bureaucrats to deliver public goods and services and manage its accounts. Using the gift data as a measure of the public resources diverted by bureaucrats, and the Rule of Law index as a measure of institutional quality, we estimate the diversion policy of bureaucrats and use it to calibrate our model to international data. We use the model to generate an artificial international data set where countries vary only in the institutional quality parameter. Running the same regressions on our artificial data, we find that average spreads are positively associated with the bribe (gift) rate and with average debt levels. The model implies that when revenue streams are low, a benefit of default is that public services net of bureaucratic diversion actually increase. Since the net gain in public services obtained by defaulting is decreasing in the level of institutional quality, international lenders assign lower default risk to those countries. ","PeriodicalId":188322,"journal":{"name":"Institutions & Transition Economics: Political Economy eJournal","volume":"77 8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126216437","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}

引用次数: 1

Prospects of Development of Positive Image of Uzbekistan in International Relations 乌兹别克斯坦在国际关系中积极形象的发展前景

Institutions & Transition Economics: Political Economy eJournal Pub Date : 2021-01-01 DOI: 10.2139/ssrn.3791226

Zilola G`ulomiddin qizi Kasimova

{"title":"Prospects of Development of Positive Image of Uzbekistan in International Relations","authors":"Zilola G`ulomiddin qizi Kasimova","doi":"10.2139/ssrn.3791226","DOIUrl":"https://doi.org/10.2139/ssrn.3791226","url":null,"abstract":"By the 21st century, the formation of a positive image of the country for the establishment of effective international relations has become a strategic task of any modern state. It directly affects the activities of the state, its successful cooperation in the international market. In the modern world, the country cannot develop without cooperation with other States in the economic, socio-political, cultural, scientific, technical, educational and information spheres. The state image is a General concept reflecting a dynamic phenomenon, which is formed first of all as a result of the purposeful information policy of the state; secondly, under the influence of its natural factors, history, culture, geographical location, availability of economic and human resources, and other objective factors. At the same time, it is also associated with a subjective factor, such as the attitude of a person to a particular place, art or national cultural values: impression, imagination, the formation of interest. An important factor in the formation of a positive image of the state is its \"cultural diplomacy\". There are many studies in this field abroad. However, scientific research on the development of a positive image of the state on the materials of Uzbekistan and its place in international relations has not been enough. Based on this, in this article I studied the factors, prospects and importance of the development of a positive image of Uzbekistan.","PeriodicalId":188322,"journal":{"name":"Institutions & Transition Economics: Political Economy eJournal","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122251455","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}

引用次数: 0

Working Capital Management and Level of Countries’ Corruption: A Panel Study of ASEAN Countries 营运资金管理与国家腐败水平:东盟国家的面板研究

Institutions & Transition Economics: Political Economy eJournal Pub Date : 2020-10-01 DOI: 10.33423/ajm.v20i3.3109

Dr Ebrahim Mansoori, Amjad Pirotti, Andrew Craik, R. Ghazal

引用次数: 0

Bottom-Up State-Building 自底向上的国家建设

Institutions & Transition Economics: Political Economy eJournal Pub Date : 2020-08-18 DOI: 10.2139/ssrn.3676032

J. Murtazashvili, I. Murtazashvili

引用次数: 0

Hong Kong’s Civil Disobedience under China’s Authoritarianism 中国威权主义下的香港公民不服从

Institutions & Transition Economics: Political Economy eJournal Pub Date : 2020-08-05 DOI: 10.2139/ssrn.3667394

Shucheng Wang

{"title":"Hong Kong’s Civil Disobedience under China’s Authoritarianism","authors":"Shucheng Wang","doi":"10.2139/ssrn.3667394","DOIUrl":"https://doi.org/10.2139/ssrn.3667394","url":null,"abstract":"Acts of civil disobedience have significantly impacted Hong Kong’s liberal constitutional order, existing as it does under China’s authoritarian governance. Existing theories of civil disobedience have primarily paid attention to the situations of liberal democracies, but find it difficult to explain the unique case of the semi-democracy of Hong Kong. Based on a descriptive analysis of the practice of civil disobedience in Hong Kong, taking the Occupy Central Movement (OCM) of 2014 and the Anti-Extradition Law Amendment Bill (Anti-ELAB) movement of 2019 as examples, this article attempts to explore the extent to which and how civil disobedience can be justified in Hong Kong’s rule of law-based order under China’s authoritarian system, and further aims to develop a conditional theory of civil disobedience for Hong Kong that goes beyond traditional liberal accounts. More specifically, it is argued that an act of civil disobedience targeted at the actions of the central government, which has no democratic accountability to the people of Hong Kong, is one aimed outside the domain of Hong Kong’s autonomy, and is thus unlikely to succeed in the Hong Kong context. By contrast, an act of civil disobedience intended to push against the government of Hong Kong acting within its domain of autonomy largely fits into Hong Kong’s semi-democratic system. Moreover, it is suggested that both forms of civil disobedience have had significant utilitarian value as a civic educational tool. Finally, this article seeks to reconcile unlawful acts of civil disobedience with Hong Kong’s rule of law by establishing clear limitations on permissible conduct, with particular attention paid to non-violence as a fundamental condition, albeit without excluding the use of limited forms of violence as an appropriate strategy, e.g. to invigorate political participation, in particular when available democratic and peaceful channels have been exhausted.","PeriodicalId":188322,"journal":{"name":"Institutions & Transition Economics: Political Economy eJournal","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131926848","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}

引用次数: 1