Scottish Journal of Political Economy最新文献

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Effect of international travel sanctions on global tourist arrivals 国际旅行制裁对全球游客人数的影响
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-05-21 DOI: 10.1111/sjpe.12385
Pei‐Yu Chi, Yiwen Yang, Chin‐Ho Lin
{"title":"Effect of international travel sanctions on global tourist arrivals","authors":"Pei‐Yu Chi, Yiwen Yang, Chin‐Ho Lin","doi":"10.1111/sjpe.12385","DOIUrl":"https://doi.org/10.1111/sjpe.12385","url":null,"abstract":"Travel sanctions are a strategic diplomatic tool that are generally preferred by sanctioning countries to other invasive actions because they can reduce or avoid casualties and losses and achieve policy goals. The present study investigates the relationship between travel sanctions and the number of international tourist arrivals by employing a gravity model from 1995 to 2015. The empirical results reveal that imposing international travel sanctions leads to a decrease in the number of tourist arrivals. Moreover, sanctions between developed countries have more influential effects than those between developing countries.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-05-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141116595","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Privatisation and government spending efficiency: An empirical analysis in Europe 私有化与政府支出效率:欧洲的经验分析
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-05-18 DOI: 10.1111/sjpe.12386
Beatriz Cuadrado‐Ballesteros, Noemí Peña‐Miguel
{"title":"Privatisation and government spending efficiency: An empirical analysis in Europe","authors":"Beatriz Cuadrado‐Ballesteros, Noemí Peña‐Miguel","doi":"10.1111/sjpe.12386","DOIUrl":"https://doi.org/10.1111/sjpe.12386","url":null,"abstract":"Academic literature has made an effort to demonstrate the positive effects of privatisation reforms on government performance and economic growth. However, there is no sufficient evidence to support the benefits of privatisation in terms of government spending efficiency. This study analyses the correlation between privatisation and government spending efficiency. Our empirical results do not support a positive effect of privatisation on government spending efficiency. These findings are relevant because they suggest that, although privatisation has been usually seen as a tool to balance public finances, it does not mean that government spending efficiency will be higher after privatising State‐owned enterprises.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-05-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141060226","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The diverse effects of non‐tariff measures on free trade agreements: Global empirical evidence from binary response models 非关税措施对自由贸易协定的不同影响:来自二元响应模型的全球经验证据
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-05-17 DOI: 10.1111/sjpe.12383
Xiao‐Ming Li
{"title":"The diverse effects of non‐tariff measures on free trade agreements: Global empirical evidence from binary response models","authors":"Xiao‐Ming Li","doi":"10.1111/sjpe.12383","DOIUrl":"https://doi.org/10.1111/sjpe.12383","url":null,"abstract":"We examine how non‐tariff measures (NTMs) affect the formation of free trade agreements (FTAs), using data from 114 countries over the period 1986–2019 and applying binary response models. Splitting NTMs into eight categories, some tend to be restrictive, some promotive and some neutral, in terms of their effects on FTA formation. Technical measures tend to encourage, while non‐technical measures tend to discourage, country‐pairs to join FTAs. Aggregating all NTMs into one variable would give rise to weak conclusions. Our results for the 12 control variables are largely in line with those of previous studies on international trade flows or on FTAs but without considering NTMs.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-05-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140962489","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Can local and global geopolitical risk predict governments' military spending behaviour? International evidence 地方和全球地缘政治风险能否预测政府的军费开支行为?国际证据
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-05-15 DOI: 10.1111/sjpe.12382
Minh Phuoc-Bao Tran, D. Vo
{"title":"Can local and global geopolitical risk predict governments' military spending behaviour? International evidence","authors":"Minh Phuoc-Bao Tran, D. Vo","doi":"10.1111/sjpe.12382","DOIUrl":"https://doi.org/10.1111/sjpe.12382","url":null,"abstract":"Geopolitical risk, encompassing wars, terrorism, and tensions between states, exerts a significant impact on global affairs. Previous studies have examined the relationship between geopolitical risk and military spending. However, these studies were limited by certain shortcomings in the measurement tools used to assess geopolitical risk. The introduction of a new geopolitical risk index, leveraging textual analysis technology, offers a way to overcome some of these limitations. Despite this advancement, research exploring the predictive capacity of this geopolitical risk index on military spending behaviour remains scarce. Specifically, no previous studies have investigated the predictive power of both local and global geopolitical risk indices on military spending behaviour. To bridge this gap, this study employs panel VAR analysis for 34 countries worldwide, spanning from 1993 to 2022. The results indicate that the military spending behaviour of countries is significantly influenced by local geopolitical risk rather than global geopolitical risk. Furthermore, the findings also reveal that an increase in geopolitical risk during a given year can predict military spending behaviour in the subsequent 2 years. These findings provide valuable insights for policymakers seeking to understand governments' behaviour regarding military spending.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140973335","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Cross‐ownership, business dynamism, and wage inequality in general equilibrium 一般均衡中的交叉所有权、企业活力和工资不平等
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-05-15 DOI: 10.1111/sjpe.12380
H. Beladi, Chi‐Chur Chao, Kuo‐Hsuan Chin
{"title":"Cross‐ownership, business dynamism, and wage inequality in general equilibrium","authors":"H. Beladi, Chi‐Chur Chao, Kuo‐Hsuan Chin","doi":"10.1111/sjpe.12380","DOIUrl":"https://doi.org/10.1111/sjpe.12380","url":null,"abstract":"This study examines the distributive and welfare effects of cross‐ownership by firms in a general equilibrium economy on the product and factor markets. The cross‐ownership of equities, such as collusion, tends to be anticompetitive, thereby narrowing the wage gap between skilled and unskilled labor in the short term with the existing number of firms. In the capital market, reducing capital cost through cross‐ownership causes new firms to enter the market in the long term. This firm‐entry effect induced by cross‐ownership through an increase in the number of competitors generates a competitive force that exacerbates wage inequality and reduces welfare in the economy.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-05-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140972533","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Variation in labor skills and offshoring across time zones 不同时区劳动技能和离岸外包的差异
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-05-13 DOI: 10.1111/sjpe.12379
Alaka Shree Prasad, Biswajit Mandal
{"title":"Variation in labor skills and offshoring across time zones","authors":"Alaka Shree Prasad, Biswajit Mandal","doi":"10.1111/sjpe.12379","DOIUrl":"https://doi.org/10.1111/sjpe.12379","url":null,"abstract":"We check the role of time‐zone difference on offshoring of service tasks when the skill of labors varies between the partner countries. We frame a model where partner countries are located in non‐overlapping time zones, and the skill level of the partner‐country labors is lower. In our model, service production is divided into two sequential stages, and output is a supermodular function of the skill of labors and time. The problem of the producers is to choose between domestic production and offshoring. Domestic production employs high‐skill labors though the time management is inefficient. On the other hand, offshoring to a non‐overlapping time zone helps to work round the clock and reduce the cost, but the lower expertise of skilled labor lowers the output. In such a framework, we check conditions for beneficial offshoring. The condition derived in our analysis provides combinations of skill and time that can make offshoring beneficial. Results show that offshoring across time zones is beneficial even when the complexity of stages of production vary. However, only the relatively less‐critical task is offshored. We further find that availability of domestic low‐skill labor does not benefit the firm, while foreign low‐skill labor may be beneficially utilized through time‐zone exploitation.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140929247","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Can the military be a better manager of the economy? 军队能否更好地管理经济?
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-05-10 DOI: 10.1111/sjpe.12384
Mingchao Sun
{"title":"Can the military be a better manager of the economy?","authors":"Mingchao Sun","doi":"10.1111/sjpe.12384","DOIUrl":"https://doi.org/10.1111/sjpe.12384","url":null,"abstract":"Pakistan has struggled for a political system suitable for its postindependence development; however, repeated struggles between democracy and dictatorship have slowed Pakistan's economic growth. I quantified the impact of military dictatorship on Pakistan's economy from 1999 to 2008 using synthetic control methods. I found that while the average annual GDP per capita growth grew during the military dictatorship, it was four times lower than synthetic Pakistan's. I conclude that the military did not help Pakistan with its economic malaise. The increase in military expenditure and the prevalence of terrorism due to the military dictatorship may have hindered Pakistan's economic growth.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140929327","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Restructuring reforms for green growth 重组改革促进绿色增长
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-05-08 DOI: 10.1111/sjpe.12377
Serhan Cevik, J. Jalles
{"title":"Restructuring reforms for green growth","authors":"Serhan Cevik, J. Jalles","doi":"10.1111/sjpe.12377","DOIUrl":"https://doi.org/10.1111/sjpe.12377","url":null,"abstract":"Policymakers across the world are striving to tackle the century‐defining challenge of climate change without undermining potential growth. This paper examines the impact of structural reforms in the energy sector (electricity and gas) on environmental outcomes and green growth indicators in a panel of 25 advanced economies during the period 1970–2020. We obtain striking results. First, while structural reforms so far failed in reducing greenhouse gas emissions per capita, there is some evidence for greater effectiveness in lowering emissions per unit of GDP. Second, although energy reforms are not associated with higher supply of renewable energy as a share of total energy supply, they appear to stimulate a sustained increase in environmental inventions and patents per capita over the medium term. We also find strong evidence of nonlinear effects, with market‐friendly energy reforms leading to better environmental outcomes and green growth in countries with stronger environmental regulations. Looking forward, therefore, structural reforms should be designed not just for market efficiency but also for green growth.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140998834","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Chief Executive Officer's national culture and bank risk‐taking behavior: International evidence 首席执行官的国家文化与银行风险承担行为:国际证据
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-05-07 DOI: 10.1111/sjpe.12378
Quang Duy Luong, Duc Hong Vo, Chi Minh Ho
{"title":"Chief Executive Officer's national culture and bank risk‐taking behavior: International evidence","authors":"Quang Duy Luong, Duc Hong Vo, Chi Minh Ho","doi":"10.1111/sjpe.12378","DOIUrl":"https://doi.org/10.1111/sjpe.12378","url":null,"abstract":"This paper examines the effect of the national culture of the chief executive officers (CEOs) on their risk‐taking behavior in managing the banks, leading to banks' instability using a sample of 805 CEOs for 517 commercial banks in 33 countries from 2011 to 2017. Our empirical results confirm that bank risk‐taking behavior is negatively associated with the national culture of the CEOs who score high on the individualistic culture dimension. We also find that bank risk is likely to increase under the management of CEOs coming from high power distance countries. These results have largely remained unchanged across different settings.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140929111","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Lockdowns, vaccines, and the economy: How economic perceptions were shaped during the COVID‐19 pandemic† 封锁、疫苗和经济:在 COVID-19 大流行期间如何形成经济观念†。
IF 1.1 4区 经济学
Scottish Journal of Political Economy Pub Date : 2024-04-26 DOI: 10.1111/sjpe.12376
Vítor Castro, Rodrigo Martins
{"title":"Lockdowns, vaccines, and the economy: How economic perceptions were shaped during the COVID‐19 pandemic†","authors":"Vítor Castro, Rodrigo Martins","doi":"10.1111/sjpe.12376","DOIUrl":"https://doi.org/10.1111/sjpe.12376","url":null,"abstract":"This paper analyses the economic confidence indicators' reaction to the environment surrounding the COVID‐19 pandemic. Using Eurostat's monthly data for the economic sentiment in European Union countries, we found that, in the COVID‐19 era, confidence and perceptions about the economy are strongly dominated by factors related to the pandemic, more so by policy measures and the vaccination process than by the direct health impact of the coronavirus. This is found to be prevalent across the multiple dimensions of economic sentiment. Moreover, standard macroeconomic variables seem to play a smaller and more marginal role during this period.","PeriodicalId":47171,"journal":{"name":"Scottish Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":1.1,"publicationDate":"2024-04-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140801062","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","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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