Emerging Markets Economics: Industrial Policy & Regulation eJournal最新文献

{"title":"Interest Pressures and Carbon Taxation: Evidence from Vietnam","authors":"K. Vrolijk","doi":"10.2139/ssrn.3770144","DOIUrl":"https://doi.org/10.2139/ssrn.3770144","url":null,"abstract":"Many economies implement carbon taxation to reduce emissions, but some groups may influence government to change policy in their favour. How influential are these interest pressures? This paper proposes a new methodology to measure interest pressures, merging insights from preference, expenditure, lobbying cost, and corruption data with newly collected data on public and private pressures from Vietnam. I show that interest pressures can largely account for observed changes in carbon taxation and that government adopted inefficient carbon taxation as a result of those interest pressures. The findings highlight the necessity for efficient representative institutions, which allows firms (through associations) and households (residential groups) to lobby government and receive information about the policy. Results also submit that absent lobbying regulation, firms and other interest groups resort to informal linkages to influence government, suggesting the essence of improving regulation to promote transparency and equity in lobbying among interest groups. Lastly, results suggest that policy interdependencies matter and that governments may implement carbon taxation inefficiently if it cannot sufficiently address economic constraints resulting from other policies.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-08-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117214872","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":"TOWARDS A CRISIS CARTEL REGIME IN INDIA – A CASE FOR THE RECOGNITION OF CRISIS CARTELS","authors":"T. Raychaudhuri, S. Guha, Shubrojyoti Mookherjee, P. Singh, Anushna Mishra, Apoorv Jaiswal, Astha Malhotra, Chandrika Bothra, Nikhil Dave, Rajarshi Roy, Saina Mohapatra, Sakchi Agarwal, Varunavi Bangia, V. Verma","doi":"10.2139/ssrn.3881894","DOIUrl":"https://doi.org/10.2139/ssrn.3881894","url":null,"abstract":"Acknowledgement of the existence of crisis cartels in various points of time in the history proceeds on the basis that a one-size-fits-all policy of deterring cartels needs to be reconsidered when policymakers and competition regulators are faced with situations of economic instability, high levels of unemployment, social instability, and volatility of demand. The purpose of this paper is to investigate the rationale for acknowledgement and engagement with crisis cartels in India. This paper does not argue in favour of a crisis cartel in any given sector in India, or seek to justify cartel conduct in a specific case. It argues for a comprehensive approach to cartels formed in times of crisis, with special emphasis on cartels that may be formed with approval from state authorities.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"58 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132040527","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":"Analysis of the Prospects for the Formation of a Neo-Industrial Economy on the Example of Ukraine","authors":"O. Pidlisna","doi":"10.15587/2706-5448.2020.220345","DOIUrl":"https://doi.org/10.15587/2706-5448.2020.220345","url":null,"abstract":"The object of research is industry as a type of economic activity and features of its transformation towards neo-industrialization. The paper presents the results of a study of the dynamics of changes in the results of economic activity on the example of the Ukrainian industry as a separate sector of the national economy.<br><br>In the course of the study, methods of analysis, comparison and generalization were applied. The content of the concept \"structural and logical chains of industrial enterprises\" in the formation of added value is revealed. It shows how a change in the view of production chains can contribute to the formation of a growth economy. The market economy presupposes the proactive determination by the owner of the enterprise of promising areas of development. But in the conditions of the loss by the state of the strategic vector of its development in the economy, there is an imbalance and intersectoral conflicts. The author investigated the dynamics of the development of certain areas of industry in Ukraine, an attempt was made to form structural and logical chains of mutual support and mutual stimulation of industrial enterprises of individual sections and sections of types of economic activity. It is shown how the principles of the \"push-pull\" approach function when determining the directions of the state's industrial policy. It is noted that the formation of structural and logical chains of industrial enterprises can be used as the basis for investment and innovation roadmaps of the state.<br><br>The scientific novelty of the work lies in the determination of approaches to the formation of a strategy of state industrial policy using a retrospective analysis of the dynamics of changes by type of economic activity. An enlarged analysis of statistical dynamics is proposed, which makes it possible to move from operational and tactical planning of economic policy to strategic one.<br><br>The practical value of the work lies in an attempt to show the structural and logical relationships between certain types of economic activity, which determine the prospects for the formation of investment and innovative roadmaps for the development of Ukrainian industry. Taking into account the tendencies and prospects of the neo-industrialization of the world economy, the directions are shown in which the Ukrainian industry can keep the national economy, form regional positions and take a worthy place in the world economic system.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123928377","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":"From Growth Poles and Clusters to Business Ecosystems Dynamics: The ILDI Counterproposal","authors":"Charis Vlados, Dimos Chatzinikolaou","doi":"10.32861/ijwpds.67.115.126","DOIUrl":"https://doi.org/10.32861/ijwpds.67.115.126","url":null,"abstract":"The study of spatial socio-economic development constitutes a significant field of analysis of innovation creation and diffusion. Understanding the spatial evolution of the different socio-economic systems in the age of globalization requires a synthesizing and integrated theoretical approach to how innovation is generated and replicated. This article aims to study three significant spatial socio-economic development theories –the growth poles, the clusters, and the business ecosystems. A literature review reveals that (a) the concept of growth poles concerns mostly the analysis of spatial polarization between specific territories and regions, (b) the clusters concept addresses the issue of developed inter-industrial competition and co-operation from a meso-level perspective, and (c) the analytical field of business ecosystems provides an evolutionary approach that can be valorized for all co-evolving spatial socio-economic organizations. In this context, an eclectically interventional mechanism to strengthen innovation is suggested. The Institutes of Local Development and Innovation (ILDI) policy is proposed for all firms and business ecosystems, of every size, level of spatial development, prior knowledge, specialization, and competitive ability. The ILDI is presented as an intermediate organization capable of diagnosing and enhancing the firm’s physiology in structural Stra.Tech.Man terms (strategy-technology-management synthesis).","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115185908","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":"Regulatory Governance: The Petroleum Industry Bill 2020 and Nigeria's Oil Future","authors":"Okechukwu C. Aholu, E. Wifa","doi":"10.2139/ssrn.3730659","DOIUrl":"https://doi.org/10.2139/ssrn.3730659","url":null,"abstract":"In September 2020, the 2020 version of the Petroleum Industry Bill (PIB) resurfaced at Nigeria’s Senate where it passed its first reading. The Bill has two forerunners: a 2008 edition and the fragmented 2018 edition, a part of which was passed but was not assented to by the President for reasons related to the diminution of state powers. In this working paper, we analyze governance provisions in the 2020 version of the PIB to unearth the promises which the Bill offers to the Nigerian Petroleum sector. We also consider how the current effort at reform takes into account the ever-evolving energy landscape and proactively anticipates Nigeria’s oil future. Our assessment shall be based on the global indices of regulatory governance in the Petroleum sector.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122205859","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":"Industrial Policy and State Ownership: Where Does Credit Go?","authors":"Ying Xu","doi":"10.2139/ssrn.3722556","DOIUrl":"https://doi.org/10.2139/ssrn.3722556","url":null,"abstract":"Using a novel dataset with bank-sector level annual loan data from 137 commercial banks in China from 2004 to 2017, along with a quantified industrial policy dataset based on text analyses, I explore how influential industrial policy is in the credit market. Overall, commercial banks do not necessarily allocate more credit to sectors promoted by the central government. Banks have heterogeneous sensitivities to industrial policy. Compared with other commercial banks, rural commercial banks tend to respond most positively to industrial policy. Banks with lower asset quality, a smaller size, a higher liquidity ratio, and not listed are more responsive to industrial policy. On the other hand, sectors that are mainly controlled by state-owned enterprises (SOEs) always benefit relatively more credit when an industrial policy is announced, no matter whether the policy is initially targeting its own sector or other sectors. This is because SOEs are less risky, both economically and politically. Thus, industrial policy is not that powerful in credit reallocation due to the banks' tradeoff between political pressure and profitability. Moreover, it leads to further distortions on financial resource allocation towards SOEs.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123138395","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":"Disaggregated Indian Industrial Cycles: A Spectral Analysis","authors":"R. Bose, A. Goyal","doi":"10.2139/ssrn.3714717","DOIUrl":"https://doi.org/10.2139/ssrn.3714717","url":null,"abstract":"We study the structure and dating of disaggregated Indian industrial cycles and spectral causality from different policy parameters to these cycles. The scattered pattern of peaks and troughs after 2013, suggests some industries continued to do well during an extended slowdown. Post 2011 industrial cycles have been shallow and short. The exchange rate, currency, credit, nominal and real interest rates all affect industry cycles, but differences in impact by industry type may be due to the structure of the economy. Cash and credit are more important for consumer non-durables, while interest rates affect consumer durables and capital goods. Interest rates do matter but in combination with currency and credit. Co-movement across disaggregated industry points to some common drivers. Stabilization policies need to be used more and fine-tuned based on research. Results on the dating and duration of industry cycles, their cyclicality, phase shifts, amplitude, lead-lag sectors, duration asymmetry and co-movement can help design appropriate policies.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-10-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122149461","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":"La Innovación Como Estrategia Para Competir En El Medio Global (Colombian Innovation Policy in the Manufacturing Sector)","authors":"José Pérez-Toro","doi":"10.2139/ssrn.3633494","DOIUrl":"https://doi.org/10.2139/ssrn.3633494","url":null,"abstract":"<b>Spanish Abstract:</b> Los nuevos actores que definen la iniciativa productiva y exportadora de un país se convierten en factores estratégicos que determinan el curso de la política industrial, ya que pueden convertirse en un elemento de enriquecimiento de la economía para este sector. La forma moderna de interpretar esta política es a través de la participación de la industria a lo largo de la cadena de valor sistémica, que se está extendiendo en una economía abierta y alcanzando una escala global. De esta manera, estos agentes tienden a participar en los beneficios económicos ofrecidos por los mercados extranjeros, para capturar a lo largo de los eslabones de la producción/distribución, proporciones significativas del valor generado en cada uno de estos componentes de la cadena. Para ello, deben apoyar las aportaciones de capital y aportaciones en el ámbito de la tecnología, que se obtienen participando en el negocio de cadenas de empresas que compiten o colaboran para la generación de un producto elaborado con numerosos componentes producidos en diferentes mercados. Tienden a ser estas firmas encadenadas para integrarse con diversas redes de socios, en casos de llegar a dimensiones de empresas multinacionales.<br><br><b>English Abstract:</b> The new players that define the productive and exporting initiative of a country become strategic factors that determine the course of the industrial policy, since they may become an element of enrichment of the economy to this sector. The modern way to interpret this policy is through the participation of the industry along the systemic value chain, which is spreading in an open economy and reaching a global scale. In this way, such agents tend to participate in the economic benefits offered by foreign markets, to capture along the links of the production/distribution, significant proportions of the value generated in each of these components of the chain. To do so, they must support the contributions of capital and contributions in the field of technology, which are obtained by participating in the business of chains of companies that compete or collaborate for the generation of a product made with numerous components produced in different markets. They tend to be these chained firms to integrate with diverse networks of partners, in cases reaching dimensions of multinational company.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125441444","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 Political Economy of Automotive Industry Development Policy in Middle Income Countries: A Comparative Analysis of Egypt, India, South Africa and Turkey","authors":"A. Black, Pallavi Roy, A. El-Haddad, K. Yilmaz","doi":"10.2139/ssrn.3661553","DOIUrl":"https://doi.org/10.2139/ssrn.3661553","url":null,"abstract":"This paper examines the political economy of development policy through the prism of four country case studies (Egypt, India, South Africa and Turkey) of the automotive industry. The objective is not simply to examine the developmental impact of automotive policy, but to illustrate how the policy regime has been the outcome of a contested process. Early growth in the auto sector in the four case countries was enabled by rents from protected markets. The emergence of competitive firms is critically dependent on the nature of state–business relationships and the net outcome of the rent-seeking process in the sector. This hinges on the bargaining power of business, foreign or domestic, vis à vis the government. If firms capture subsidies in return for support to weak and vulnerable ruling coalitions, the auto sector in that country can become the classic case of an infant industry remaining stunted. Where the distribution of power is such that ruling coalitions are able to discipline firms in the auto sector, so that they become globally competitive, developmental outcomes have been positive.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-05-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125029608","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":"Close the Big Cities, Open the Small Ones: How Corona Correlates with Demographic Variables","authors":"Preet Deep Singh","doi":"10.2139/ssrn.3569747","DOIUrl":"https://doi.org/10.2139/ssrn.3569747","url":null,"abstract":"Using district level demographic variables from three states of India, we show how corona cases are correlated. We find that districts with high population density, international airports and high population are positively correlated with Corona cases. We also see a negative correlation with Sex Ratio. This study can have implications for policymakers to decide which districts to lock down.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129863732","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}