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

{"title":"Optimal Income Tax for China","authors":"Chengjian Li, Jinlu Li, Shuanglin Lin","doi":"10.1111/1468-0106.12105","DOIUrl":"https://doi.org/10.1111/1468-0106.12105","url":null,"abstract":"This paper develops a model of optimal income taxation, estimates China's skill distribution function based on the data from a recent survey, and finds the optimal marginal and average income tax rates for China. It shows that both the optimal marginal and average tax rates increase at decreasing rates, and become rather flat at high‐level skills. China's current marginal tax rate increases at a decreasing rate at low‐level skills and increases at an increasing rate at high‐level skills. To be optimal, the low income groups in China should be subsidized, the tax threshold should be raised, and the highest marginal tax rate should be reduced.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"2014 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125688922","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 Nexus between Electricity Consumption and Industrial Sector Performance in Nigeria","authors":"A. A. Alawiye-Adams, B. Afolabi","doi":"10.2139/ssrn.2591638","DOIUrl":"https://doi.org/10.2139/ssrn.2591638","url":null,"abstract":"The study empirically investigates the nexus between electricity consumption and industrial sector performance in Nigeria between 2006 and 2010. Secondary time-series data were analyzed using co-integration and ordinary least square techniques. Co-integration results revealed a long run relationship among the variables, the result also showed that there is a significant and positive relationship between electricity consumption and industrial sector performance in Nigeria during the period. The study therefore recommends amongst other things that federal government in the spirit of economic liberalization, should fully deregulate the power sector of the economy and should encourage the financial sector to grant soft loans and key strategic credit access to the private sector that are involved in the generation, transmission and distribution of electricity to help them improve on their performance and hence spur the much expected turnaround needed in industrial sector in Nigeria.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121161051","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":"Перспективы Развития Высокотехнологичного Сектора России (Prospects for the Development of High-Tech Sector in Russia)","authors":"Vladimir Kotsyubinskiy, V. Komarov","doi":"10.2139/SSRN.2583682","DOIUrl":"https://doi.org/10.2139/SSRN.2583682","url":null,"abstract":"Russian Abstract: В работе проведен комплексный анализ государственной политики в области высокотехнологичных секторов экономики. Рассмотрены основные инструменты государственной поддержки, проведено исследование методологических принципов выделения высокотехнологичных отраслей экономики, выявлены основные тенденции и вызовы развития высокотехнологичного сектора. В заключении предложены рекомендации по повышению эффективности государственной научно-технологической и промышленной политики в краткосрочной и среднесрочной перспективе. English Abstract: The paper provides a comprehensive analysis of public policy in high-tech sector. The paper examines the main instruments of government support and methodological principles of high-tech industries definition, identifies the main trends and challenges of the sector. In conclusion the authors propose recommendations for improving efficiency of public science, technology and industry policy in the short and medium term.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114421951","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":"Financial Market Reform – A New Driver for China's Economic Growth?","authors":"Yu-Fu Chen, M. Funke, Kunyu Tao","doi":"10.2139/ssrn.2568624","DOIUrl":"https://doi.org/10.2139/ssrn.2568624","url":null,"abstract":"This paper analyses the financial distortions – growth nexus in China using a tractable general equilibrium modelling approach in which heterogeneous private and state-owned firms interact. The focal points of the model are financial frictions and reallocations of factors of production across firms. The calibrated version of the model elicits the important message that the adoption of a comprehensive financial market reform package abolishing financial distortions will lead to substantial output gains. Thus, structural policies leading to more efficient allocation of factors of production will remain a key policy challenge in China in the years to come.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133393315","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":"Electricity Sectors in Transition: A Transaction Cost Approach to the Albanian Electricity Reform","authors":"Irid Bufi","doi":"10.2139/ssrn.2696427","DOIUrl":"https://doi.org/10.2139/ssrn.2696427","url":null,"abstract":"The analysis of electricity sector reforms is essential if not a sine qua non because this sector represents an important pillar of a nation's economic development. Reforms per se are ongoing processes where experimental models are being applied around the world, where successful and unsuccessful stories are being written. Albania is among the countries in Southeastern Europe (SEE) undergoing reforms in the public sphere, and the electricity sector is a vivid example of the challenges and obstacles that such implementation faces in the developing world. Starting in the early 2000’s, Albanian electricity reform now faces a failed distribution privatization, inability to fully secure the electricity supply from the domestic generation, and distorted market standing between regulation and liberalization. There is therefore a need to analyze this process and to question whether the reforms are headed in the right direction. Using the rationale provided by Transaction Cost Economics (TCE), I argue that the current model of partial deregulation produces high transaction costs. TCE has gained prominence in recent years for explaining utility reforms, emphasizing the idea that, in some cases, full competition and market deregulation is not the first best option.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2015-01-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129622166","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":"China's Property-Liability Insurance Market: Characteristics, Trends, and Efficiency by Ownership","authors":"Xiaoying Xie","doi":"10.21480/TJRM.25.3.201412.006","DOIUrl":"https://doi.org/10.21480/TJRM.25.3.201412.006","url":null,"abstract":"China’s insurance market is one of the most important emerging markets in the world. With over 1.7 trillion RMB (284 billion USD) in premiums written in 2013, China has become the fourth largest insurance market in the world. Property-liability insurance has a longer history in China and accounts for more than 36% of market share. This article discusses the characteristics, trends, and efficiency of China’s property-liability insurance market; in particular, it focuses on the difference in insurance operations and efficiency between domestic insurers and foreign insurers.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125244673","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 Long Run Industrial Growth of Veracruz State, 1955-2008","authors":"G. Brock","doi":"10.1108/JES-02-2013-0020","DOIUrl":"https://doi.org/10.1108/JES-02-2013-0020","url":null,"abstract":"Purpose - – Has the Mexican inter-regional growth and convergence experience also occurred within single regions? Using the important southern region of Veracruz, the purpose of this paper is to examine this question over a 48-year period within a single Mexican state. Design/methodology/approach - – Growth is examined using a standard two input stochastic production function (SPF) that creates a measure of technical efficiency. Convergence is measured using a convergence equation from the literature but which also included the results from the SPF analysis to incorporate not only initial levels of inputs but also the ability of a municipio to utilize these inputs. Data collection in Mexico and online included a long run database of 149 municipios in Veracruz from 1960 thru 2008. Findings - – A stochastic Cobb-Douglas technology is found to fit the long run growth of Veracruz province well. In the 1960s, 2000s and the long run (1960-2008), weak evidence for the municipios in Veracruz appear to be converging with a relatively higher level of technical efficiency resulting in slower growth of industrial labor productivity is found. Some very recent improvement in technical efficiency may be the result of institutional as well as economic reforms finally allowing an exiting of inefficient firms that has kept the levels of municipio industrial technical efficiency stagnant for decades at about 70 percent. Research limitations/implications - – Data were limited to 149 municipios because of the need to track long run trends. Data were also limited by the need to use what was available in 1960 in a direct comparison with 2008. The design of the study was to use the technical efficiency index as a proxy for much of the missing data on institutions in the historic period. Panel data were used because the economic census is not done every year plus the turmoil in the Mexican economy in the 1980s thru the end of the 1990s make imputation of missing years at the local level quite difficult. Practical implications - – The paper provides a baseline to analyze the long run intra-regional economic growth of other Mexican states which have a large number of municipios. It begins the exciting possibility of looking at Mexican long run growth from the municipio level which has historically played an important role in Mexico. Originality/value - – This is the first study to examine long run growth within a Mexican state at the municipio level using both the production function and convergence literature. Results suggest several avenues for further research inside Veracruz and across Mexico.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"223 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127171573","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":"Citrus: India's Answer to Paypal?","authors":"N. Joseph, Benjamin D. Mazzotta","doi":"10.2139/ssrn.2095253","DOIUrl":"https://doi.org/10.2139/ssrn.2095253","url":null,"abstract":"It is widely acknowledged that online payments in India is broken — on average, only 6 or 7 out of every 10 transactions succeed (Khan 2013). Citrus is a startup payments company based in Mumbai that is trying to change all of this. A senior executive at Sun Direct a prominent satellite television (DTH) operator in South India, credits Citrus with reducing failure rates for online payments to Sun Direct from 30 to 40 percent to less than 25. In revenue terms, this can be huge for companies that depend on online payments. According to Kunal Bahl, CEO of Snapdeal, an ecommerce ‘daily deal’ portal, even a one percent increase in transaction success rate adds about $3 million (19 crores) to Snapdeal’s revenues. Online retail payments have yet to capture the consumer market in India. This is primarily because Indians are uncomfortable with shopping online — they like to see what they are buying, know who they are dealing with and, whenever possible, pay in cash. A study by the Internet and Mobile Association of India (IAMAI) reveals that 33% of Indians internet users just do not trust the internet for their shopping needs, while 32% of those users who do shop online prefer Cash on Delivery (CoD) for online purchases (IAMAI 2013).","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114919900","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":"К Вопросу О Формировании Нормативной Базы Для Оценки Финансово-Экономического Состояния Предприятия (On the Formation of the Regulatory Framework for the Assessment of the Financial and Economic Condition of the Company)","authors":"L. Avrashkov, Galina Grafova","doi":"10.2139/ssrn.2542554","DOIUrl":"https://doi.org/10.2139/ssrn.2542554","url":null,"abstract":"Russian Abstract: В статье дана оценка методическим подходам к оценке финансово-экономического состояния предприятия и предложена методика формировании нормативной базы для оценки финансово-экономического состояния предприятия в соответствии с новой классификацией кодов строк баланса.English Abstract: The paper assessed the methodological approaches to the assessment of the financial and economic condition of the company and the technique of shaping the regulatory framework for the assessment of the financial and economic condition of the company in accordance with the new classification code line balance.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"77 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134216162","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 Business Side of Industrial Policy","authors":"A. Fuentes, S. Pipkin","doi":"10.2139/SSRN.2503650","DOIUrl":"https://doi.org/10.2139/SSRN.2503650","url":null,"abstract":"Under what conditions do businesses choose to reconsider their immediate, short-term competitive niches and engage in long-term, systematic thinking by searching for new business models? This crucial question is left aside by the contemporary literature on industrial policy insofar as it assumes that the problem of industrial upgrading and learning is one of states facilitating private firms’ pursuit of their already-established drives. Drawing from five cases in Latin America (two in Guatemala, two in Nicaragua and one in Colombia) where industries voluntarily broke free of inertial trajectories to seek new approaches to business, we find that conditions of “systemic vulnerability” (Doner et al. 2005) – a combination of shocks in demand, sectoral competitiveness and civil/social conflict – force business elites to reconsider their constituents and investment timeframes in a manner analogous to political elites in Doner et al.’s model. Based on these observations, we contribute to theories of industrial policy and industrial upgrading by identifying the factors that inhibit and encourage firms’ initiation of searches for new business models.","PeriodicalId":424970,"journal":{"name":"Emerging Markets Economics: Industrial Policy & Regulation eJournal","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2014-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126225032","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}