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The act of voting: Another challenge for behavioural economics 投票行为：对行为经济学的又一挑战
IF 1
ECONOMIC AFFAIRS Pub Date : 2025-05-20 DOI: 10.1111/ecaf.12698
Panagiotis Karadimas
{"title":"The act of voting: Another challenge for behavioural economics","authors":"Panagiotis Karadimas","doi":"10.1111/ecaf.12698","DOIUrl":"https://doi.org/10.1111/ecaf.12698","url":null,"abstract":"<p>Behavioural economists propose the ‘aspiration-based adaptive rule’ (ABAR) model in which a trial-and-error heuristic is developed to explain voter turnout. However, several problems appear. First, the model links propensity to vote with expected pay-offs that are in turn based on the extent to which the pay-offs of previous actions of voting exceeded the agents' aspirations. But this leads to an infinite regress to previous actions of voting, which has the consequence of leaving unexplained why people bother to vote in the first place. Second, the ABAR model is tautological for even if the model derives testable statistical distributions, the theoretical premises from which these predictions are derived are inevitably confirmed. As a result, the same premises can be used to explain both voting and abstention, and capture theoretically all possibilities.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 2","pages":"277-288"},"PeriodicalIF":1.0,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144244747","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
The legacy of cypherpunk in the modern economy 密码朋克在现代经济中的遗产
IF 1
ECONOMIC AFFAIRS Pub Date : 2025-05-20 DOI: 10.1111/ecaf.12704
Kris Kaleta
{"title":"The legacy of cypherpunk in the modern economy","authors":"Kris Kaleta","doi":"10.1111/ecaf.12704","DOIUrl":"https://doi.org/10.1111/ecaf.12704","url":null,"abstract":"<p>This article explores how the cypherpunk movement – advocating privacy, digital sovereignty, and digital decentralisation – shaped modern economic paradigms, particularly cryptocurrencies and decentralised finance. Originating in the late twentieth century, its principles laid the groundwork for blockchain technologies and challenged state-centric monetary systems. The analysis connects cypherpunk ideology to historical debates on money and governance, evaluating its implications for the contemporary institutional framework. By tracing the evolution of these ideas, the study underscores their enduring influence on twenty-first century economic practices, illustrating how decentralised systems redefine agency and accountability in economic interactions.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 2","pages":"244-260"},"PeriodicalIF":1.0,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144244745","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
The politics of lockdown policies: Evidence from Brazilian states 封锁政策的政治：来自巴西各州的证据
IF 1
ECONOMIC AFFAIRS Pub Date : 2025-05-20 DOI: 10.1111/ecaf.12702
João Pedro Bastos, Vincent Miozzi
{"title":"The politics of lockdown policies: Evidence from Brazilian states","authors":"João Pedro Bastos,&nbsp;Vincent Miozzi","doi":"10.1111/ecaf.12702","DOIUrl":"https://doi.org/10.1111/ecaf.12702","url":null,"abstract":"<p>We introduce a novel state-level measure of <i>lockdown regulatory freedom</i> to study the severity of lockdowns for Brazilian states and its determinants. Our main results show that lockdown policies were not consistently determined by any health-related variable, such as the number of doctors, hospital beds, the share of the population with private health insurance, or the share of the population 65 years of age and older or Covid-19 cases and deaths. Indeed, the only variable consistently related to lockdown policies in all specifications and robustness checks was the state's share of votes for the right-wing candidate. A one standard deviation increase in the share of votes for the right-wing candidate is associated with a 0.6–0.87 standard deviation increase in lockdown stringency. Our results highlight the importance of political economy considerations in explaining the incentives of policymakers when designing health policies.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 2","pages":"175-202"},"PeriodicalIF":1.0,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144244742","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
The factors behind the depreciation of the yen: Why Japan needs a policy shift 日元贬值背后的因素：为什么日本需要政策转变
IF 1
ECONOMIC AFFAIRS Pub Date : 2025-05-20 DOI: 10.1111/ecaf.12701
Hideki Nishigaki
{"title":"The factors behind the depreciation of the yen: Why Japan needs a policy shift","authors":"Hideki Nishigaki","doi":"10.1111/ecaf.12701","DOIUrl":"https://doi.org/10.1111/ecaf.12701","url":null,"abstract":"<p>This article analyses the factors underlying the recent depreciation of the yen. Using an autoregressive distributed lag (ARDL) model, I find that approximately half of the decline in the yen's exchange rate against the dollar from the end of 2020 to mid-2024 can be attributed to portfolio balance effects. Income disparity and interest rate differentials between the US and Japan have also contributed to the yen's weakening. This suggests the need for a shift in Japan's economic policy, which should focus on expanding domestic demand and easing pressure on the yen's depreciation.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 2","pages":"224-243"},"PeriodicalIF":1.0,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144244744","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
The role of banking development in economic growth: Quantity versus quality 银行业发展在经济增长中的作用：数量与质量
IF 1
ECONOMIC AFFAIRS Pub Date : 2025-05-20 DOI: 10.1111/ecaf.12699
Guangdong Xu
{"title":"The role of banking development in economic growth: Quantity versus quality","authors":"Guangdong Xu","doi":"10.1111/ecaf.12699","DOIUrl":"https://doi.org/10.1111/ecaf.12699","url":null,"abstract":"<p>This article surveys the literature on the relationship between banking development and economic growth, with particular attention given to the role of the efficiency (quality) dimension of banking development. Overlooking banking efficiency in explaining economic growth may lead to serious omitted variable bias. However, incorporating banking efficiency into growth models has proved to be a challenging task. There is no agreement in the literature on how to define, measure, and evaluate banking efficiency. In addition, most studies focus on transformation efficiency inside banks and overlook efficiency in the process of credit allocation.</p>","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 2","pages":"261-276"},"PeriodicalIF":1.0,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144244746","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
Misreading Mises 误读米塞斯
IF 1
ECONOMIC AFFAIRS Pub Date : 2025-05-20 DOI: 10.1111/ecaf.12705
Christopher Snowdon
{"title":"Misreading Mises","authors":"Christopher Snowdon","doi":"10.1111/ecaf.12705","DOIUrl":"https://doi.org/10.1111/ecaf.12705","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 2","pages":"345-352"},"PeriodicalIF":1.0,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144244740","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
Industrial relations in Australia: How trade unions became the country's biggest capitalists 澳大利亚的劳资关系：工会如何成为该国最大的资本家
IF 1
ECONOMIC AFFAIRS Pub Date : 2025-05-20 DOI: 10.1111/ecaf.12709
Ken Phillips
{"title":"Industrial relations in Australia: How trade unions became the country's biggest capitalists","authors":"Ken Phillips","doi":"10.1111/ecaf.12709","DOIUrl":"https://doi.org/10.1111/ecaf.12709","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 2","pages":"313-322"},"PeriodicalIF":1.0,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144244748","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
By Anna Gasco, . The airport as urban territory: The spatial effects of Singapore's Changi Airport. National University of Singapore Press. 2024. pp. 304. £59.00 (hbk). ISBN: 978-9813252141 作者：安娜·加斯科。机场作为城市领土：新加坡樟宜机场的空间效应。新加坡国立大学出版社。2024。304页。£59.00 (hbk)。ISBN: 978 - 9813252141
IF 1
ECONOMIC AFFAIRS Pub Date : 2025-05-20 DOI: 10.1111/ecaf.12710
Joshua Bowden
{"title":"By Anna Gasco, . The airport as urban territory: The spatial effects of Singapore's Changi Airport. National University of Singapore Press. 2024. pp. 304. £59.00 (hbk). ISBN: 978-9813252141","authors":"Joshua Bowden","doi":"10.1111/ecaf.12710","DOIUrl":"https://doi.org/10.1111/ecaf.12710","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 2","pages":"356-357"},"PeriodicalIF":1.0,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144244749","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
Economic Affairs Applied Research Workshop 2025 经济事务应用研究工作坊2025
IF 1
ECONOMIC AFFAIRS Pub Date : 2025-05-20 DOI: 10.1111/ecaf.12707
{"title":"Economic Affairs Applied Research Workshop 2025","authors":"","doi":"10.1111/ecaf.12707","DOIUrl":"https://doi.org/10.1111/ecaf.12707","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 2","pages":""},"PeriodicalIF":1.0,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144244741","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
Retreating from globalism 退出全球主义
IF 1
ECONOMIC AFFAIRS Pub Date : 2025-05-20 DOI: 10.1111/ecaf.12706
Michael James
{"title":"Retreating from globalism","authors":"Michael James","doi":"10.1111/ecaf.12706","DOIUrl":"https://doi.org/10.1111/ecaf.12706","url":null,"abstract":"","PeriodicalId":44825,"journal":{"name":"ECONOMIC AFFAIRS","volume":"45 2","pages":"332-344"},"PeriodicalIF":1.0,"publicationDate":"2025-05-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144244743","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
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