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Journal of Institutional Economics最新文献

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Institutions and industry-level employment creation: an empirical analysis of the US metro-level data 制度与行业层面的就业创造——美国城市层面数据的实证分析
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2023-08-03 DOI: 10.1017/s1744137423000243
Imran Arif
{"title":"Institutions and industry-level employment creation: an empirical analysis of the US metro-level data","authors":"Imran Arif","doi":"10.1017/s1744137423000243","DOIUrl":"https://doi.org/10.1017/s1744137423000243","url":null,"abstract":"\u0000 A growing strand of literature relates pro-market institutions to business and overall employment creation. However, the effects of pro-market institutions on industry-specific employment creation still need to be better understood. Employment creation in some industries may be more sensitive to pro-market institutions. Moreover, if these industries employ a large proportion of the population, the role of local-level institutions becomes more critical for boosting employment creation across industries. Therefore, we disentangle the effects of local-level pro-market institutions on employment creation across nine major industries by using 5-year balanced panel data of 374 US metropolitan areas from 1972 to 2017. Our fixed-effects results indicate that pro-market institutions boost employment creation only in the manufacturing, retail, and construction sectors. Furthermore, our findings reveal that local public policies can benefit or harm local employment creation, depending on the concentration of industries in the area.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43535329","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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 limits of generality for constitutional design 宪法设计的普遍性限制
2区 经济学
Journal of Institutional Economics Pub Date : 2023-08-03 DOI: 10.1017/s1744137423000231
Andrew T. Young
{"title":"The limits of generality for constitutional design","authors":"Andrew T. Young","doi":"10.1017/s1744137423000231","DOIUrl":"https://doi.org/10.1017/s1744137423000231","url":null,"abstract":"Abstract James Buchanan was a fervent advocate of a non-discriminatory politics. However, he translated his views on constitutional political economy into ( de jure ) constitutional design in an insufficiently thoughtful way. Simply writing non-discriminatory politics into a Constitution is unlikely to have the desired effect. All Constitutional language is open to interpretation and political entrepreneurs will be ready to push interpretation in their favoured directions. The history of US Constitutional law bears this out. This does not necessarily discount Buchanan's quest for constitutionalized non-discriminatory politics. However, it does mean that it must be tempered by realistic concerns regarding constitutional design. With this in mind, I suggest that focusing on procedural, rather than substantive, Constitutional provisions may be more fruitful.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136327919","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Repugnance and institutions: an introductory essay 声誉与制度：一篇介绍性文章
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2023-07-28 DOI: 10.1017/s174413742300022x
Marie Daou, A. Marciano
{"title":"Repugnance and institutions: an introductory essay","authors":"Marie Daou, A. Marciano","doi":"10.1017/s174413742300022x","DOIUrl":"https://doi.org/10.1017/s174413742300022x","url":null,"abstract":"\u0000 This symposium is based on a workshop organized (online) on 24–25 February 2021 and sponsored by World Interdisciplinary Network for Institutional Research (WINIR). In this introduction, we stress the institutional dimension of repugnance, and show how it is dealt with in the papers gathered in the symposium. Kimberly Krawiec analyses repugnance in connection with externalities, and shows that contrary to what the ‘corruption theorists’ say, creating repugnant markets does not undermine social values. Peter Cserne shows that, in order to ensure a fully efficient regulation of repugnant behaviours, a transversal view combining the economic and legal approach to repugnance is necessary. The last two papers focus on entrepreneurship. Erwin Dekker and Julien Gradoz analyse the management of repugnance: how two firms, producing goods considered repugnant, adopt strategic behaviour to offset the costs generated by repugnance. Darcy W. E. Allen, Chris Berg and Sinclair Davidson take the analysis one step further and examine how ‘evasive entrepreneurs’ use repugnance as profit opportunity. Their innovations challenge social norms and the boundaries of what is viewed as repugnant in the society at large.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44186994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Repugnance, externalities and subjectivism: a comment on Krawiec 反感、外部性与主观主义:评克拉维茨
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2023-07-20 DOI: 10.1017/s1744137423000218
Marie Daou, A. Marciano
{"title":"Repugnance, externalities and subjectivism: a comment on Krawiec","authors":"Marie Daou, A. Marciano","doi":"10.1017/s1744137423000218","DOIUrl":"https://doi.org/10.1017/s1744137423000218","url":null,"abstract":"\u0000 In her ‘Markets, repugnance, and externalities’ (2022), Kimberly Krawiec notes that the so-called corruption theorists fail to provide evidence that the adoption of repugnant behaviours or commodification destroy social values. She adds that, the values repugnant behaviours are supposed to destroy may even be reinforced after a market has been created. The explanation she explores is that the creation of a market never goes without debates that allow the society to ponder the values it stands for. We suggest an alternative view on the lack of evidence Krawiec identifies. Our starting point is Krawiec's interpretation of repugnance in terms of externalities. We claim that an analysis of repugnance based on externalities requires a characterization of what an externality is, which is rarely done. We show that economists use two opposed definitions of externalities, an objective and a subjective one, and then show what it implies for an analysis of repugnance and justify why the corruption thesis is not always verified empirically.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41762074","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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: 1
Choice of slavery institutions in Ancient Greece: Athenian chattels and Spartan helots 古希腊奴隶制制度的选择：雅典的动产与斯巴达的海洛
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2023-07-19 DOI: 10.1017/s174413742300019x
George Tridimas
{"title":"Choice of slavery institutions in Ancient Greece: Athenian chattels and Spartan helots","authors":"George Tridimas","doi":"10.1017/s174413742300019x","DOIUrl":"https://doi.org/10.1017/s174413742300019x","url":null,"abstract":"\u0000 The ancient Greek city-states were slave societies, but the institutions of slavery differed across them. The slaves of democratic Athens were foreigners bought as chattels labouring in agriculture, craftsmanship, banking, mining, and domestic services and were often given some limited freedoms and extra pay. On the contrary, the helots, the slaves of oligarchic Sparta, were indigenous of the lands they cultivated for their masters and were treated harshly. The study offers an economic explanation of the different slavery systems. Modelling the slaveholder as a profit maximiser, it attributes the different systems to differences in the probabilities of the slaves running away or revolting, the dependence of output on effort-intensive or care-intensive production technology, which depends on the fertility of the soil and affects whether the slave is treated kindly instead of harshly, and the cost of guarding slaves under different regimes.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41453123","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Corporate hierarchies and workplace voice 企业层级和工作场所的声音
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2023-07-13 DOI: 10.1017/s1744137423000206
F. Belloc, G. Burdín, F. Landini
{"title":"Corporate hierarchies and workplace voice","authors":"F. Belloc, G. Burdín, F. Landini","doi":"10.1017/s1744137423000206","DOIUrl":"https://doi.org/10.1017/s1744137423000206","url":null,"abstract":"\u0000 We investigate whether workplace voice through institutionalized forms of employee representation (ER) affects the design of firm hierarchies. We look at the role of ER within a knowledge-based view of hierarchies, where the firm's choice of hierarchical layers depends on the trade-off between communication and knowledge acquisition costs. Using a sample of more than 20,000 private-sector firms in 32 countries, we find that the presence of ER is positively associated with the number of organizational layers, though the relationship is tempered by firm size. ER positively correlates with job training, skill development and enhanced internal communication via staff meetings. The analysis of managers' perceptions suggests the higher frequency of meetings in firms with ER does not lead to more delays in the implementation of organizational changes. Taken together, our findings point to ER as facilitating the flow of information to top decision-makers and hence reducing communication costs. This may enable the firm to economize scarce cognitive resources without retarding the accumulation of new shop-floor capabilities. We contribute to recent literature on organizational design by suggesting ER institutions as possibly relaxing the trade-off between communication and knowledge acquisition costs within firms.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46469856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Divergence before the division: the colonial origins of separate development paths in Korea 分裂前的分化:韩国不同发展道路的殖民起源
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2023-06-30 DOI: 10.1017/s1744137423000188
M. Andersson, Montserrat López Jerez, L. Miladinović
{"title":"Divergence before the division: the colonial origins of separate development paths in Korea","authors":"M. Andersson, Montserrat López Jerez, L. Miladinović","doi":"10.1017/s1744137423000188","DOIUrl":"https://doi.org/10.1017/s1744137423000188","url":null,"abstract":"\u0000 This study revisits the question of what impact Japanese colonialism had on the long-term economic development of North and South Korea. Factor endowments, economic activity and economic performance are compared between the regions that later became parts of North and South Korea, respectively. The study finds that important elements of the economic history of the peninsula have not been sufficiently acknowledged in much of the influential literature that uses Korea as an illustration of theoretical claims of the root causes of development. In particular, the fact that the economic divergence of northern and southern regions could be traced back to different colonial treatments – especially after mid-1920s – has often been overlooked when analysing the divergent post-partition development trajectories. The study suggests, based on a sectoral similarities analysis, that the initial dissimilar economic performance of North and South can at least partially be found in differences in political economy and economic trajectories preceding the partition.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47172217","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Exchanges with and without the sword: slavery, politics-as-exchange and freedom in James M. Buchanan's institutional economics 有剑与无剑的交换：詹姆斯·M·布坎南制度经济学中的奴隶制、作为交换的政治与自由
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2023-06-29 DOI: 10.1017/s1744137423000176
J. Meadowcroft
{"title":"Exchanges with and without the sword: slavery, politics-as-exchange and freedom in James M. Buchanan's institutional economics","authors":"J. Meadowcroft","doi":"10.1017/s1744137423000176","DOIUrl":"https://doi.org/10.1017/s1744137423000176","url":null,"abstract":"\u0000 James M. Buchanan's politics-as-exchange retrospectively conceptualized formal institutions emerging from bilateral agreements to establish reciprocal rights and prospectively guided constitutional entrepreneurs to broker Pareto-superior reforms that had unanimous consent. Buchanan believed this conceptualization of politics-as-exchange was necessitated by his ontological–methodological individualism and would initiate a new era of consensual politics, but it is argued it led to illiberal conclusions that reflected dissonance between his Kantian individualism and Humean subjectivism. It meant, for example, that slavery was characterized as a bilateral agreement between very unequal parties and it is argued it logically implied abolition required the consent of slaveowners. But Buchanan's ontology was compatible with the introduction into his framework of a right of exit that would have differentiated between exchanges with and without the sword to produce a consistent liberal constitutionalism.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46556544","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Toward an economic theory of customary measurement 走向习惯计量的经济学理论
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2023-06-22 DOI: 10.1017/s1744137423000152
G. Whitman
{"title":"Toward an economic theory of customary measurement","authors":"G. Whitman","doi":"10.1017/s1744137423000152","DOIUrl":"https://doi.org/10.1017/s1744137423000152","url":null,"abstract":"\u0000 The article proposes an economic theory of customary measurement systems. The form of such systems is driven by two transaction-cost factors: minimising costs of implementation, and coordinating on shared standards. These factors combine to yield seven principles of customary measurement, supported with illustrative examples from the traditional Anglo-American, Egyptian, Greek, Roman, Chinese, and Indian measurement systems. The theory illuminates various confounding features of such systems, including ubiquitous binary patterns, frequent appearance of duodecimal ratios, and persistence of trade-specific measures.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44612273","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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
Political regimes and firms' decisions to pay bribes: theory and evidence from firm-level surveys 政治体制和公司行贿的决定:来自公司层面调查的理论和证据
IF 2.2 2区 经济学
Journal of Institutional Economics Pub Date : 2023-06-12 DOI: 10.1017/s1744137423000164
Shuichiro Nishioka, Sumi Sharma, T. Le
{"title":"Political regimes and firms' decisions to pay bribes: theory and evidence from firm-level surveys","authors":"Shuichiro Nishioka, Sumi Sharma, T. Le","doi":"10.1017/s1744137423000164","DOIUrl":"https://doi.org/10.1017/s1744137423000164","url":null,"abstract":"\u0000 This paper makes the most of the observed actions of bribe takers and givers from the World Bank Enterprise Surveys and studies how a taker's action influences a giver's decision to pay bribes. To motivate our empirical study, we consider Kaufmann and Wei's (1999) Stackelberg game between a tax authority and a firm that undergoes tax inspection. The model predicts that, when the authority can use its action as a credible threat for the firm's profitability, the authority disturbs the firm by inspecting more, and the firm is more likely to pay bribes. Consistent with the theoretical prediction, we find correlational evidence that the propensity to pay bribes increases with the number of inspection visits, particularly for non-democratic countries.","PeriodicalId":47221,"journal":{"name":"Journal of Institutional Economics","volume":" ","pages":""},"PeriodicalIF":2.2,"publicationDate":"2023-06-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42901123","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"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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