Journal of Policy Modeling最新文献

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Modelling regional exposure to new trade wars 模拟新贸易战对地区的影响
IF 3.1 2区 经济学
Journal of Policy Modeling Pub Date : 2025-09-01 DOI: 10.1016/j.jpolmod.2025.04.001
Miguel Ángel Almazán-Gómez , Fatima El Khatabi , Carlos Llano , Julián Pérez
{"title":"Modelling regional exposure to new trade wars","authors":"Miguel Ángel Almazán-Gómez ,&nbsp;Fatima El Khatabi ,&nbsp;Carlos Llano ,&nbsp;Julián Pérez","doi":"10.1016/j.jpolmod.2025.04.001","DOIUrl":"10.1016/j.jpolmod.2025.04.001","url":null,"abstract":"<div><div>The COVID-19 pandemic and recent geopolitical events have triggered a new wave of protectionism. The return of Trump to the White House, a new trade war has just started. With the aim of addressing the territorial effect of trade policy, this study quantifies the effects of two significant protectionism measures announced by the US against the EU before the pandemic: the Boeing-Airbus trade dispute within the WTO and a 25 % tariff on the automotive sector. The impacts are calculated for 297 NUTS-2 European regions combining partial equilibrium and multiregional input-output analysis. The results reveal that the new tariffs would significantly negatively impact the European economy, with unevenly distributed effects across regions. The most affected regions are those heavily specialized in targeted products, such as automotive and aerospace components, and those deeply integrated into European value chains, experiencing substantial indirect impacts. This work underscores the need for targeted policy interventions at the European, national, and regional levels to mitigate these adverse effects. Key policy recommendations include developing contingency plans, promoting sectoral and geographical diversification, and strengthening intra-European trade relations. The findings highlight the strategic importance of the EU’s engagement in global trade negotiations to protect its economic interests and support vulnerable regions. This study wants also to illustrate the potential effects of some of the new tariffs just announced by Trump against the EU to be applied in the first years of his second term.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 5","pages":"Pages 919-940"},"PeriodicalIF":3.1,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997774","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
I want to be Green! The role of social engagement in a circular economy transition 我想成为绿色!社会参与在循环经济转型中的作用
IF 3.1 2区 经济学
Journal of Policy Modeling Pub Date : 2025-09-01 DOI: 10.1016/j.jpolmod.2025.05.004
Livio Ferrante , Federica Scandurra
{"title":"I want to be Green! The role of social engagement in a circular economy transition","authors":"Livio Ferrante ,&nbsp;Federica Scandurra","doi":"10.1016/j.jpolmod.2025.05.004","DOIUrl":"10.1016/j.jpolmod.2025.05.004","url":null,"abstract":"<div><div>Over the past decades, the circular economy has garnered significant attention from the international community as a paradigm for economic recovery, poverty alleviation, and emissions reduction, all contributing to the overarching objective of sustainable development. Thus, the promotion of the circular economy can be instrumental for governments in attaining their environmental targets. Circular companies play a central role in the transition to sustainable production and consumption systems; however, the factors that promote their development and growth remain unclear. In our study, we analyze the role of civil society engagement in the development and diffusion of circular companies. We use a dataset covering the Italian provinces from 2010 to 2020 and find that community engagement is strongly associated with the number of circular companies and the share of circular employment, even when accounting for spatial effects. The results suggest that policymakers should leverage bottom-up approaches based on civil society engagement when designing tools and interventions to promote a transition that is economically, environmentally, and socially sustainable.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 5","pages":"Pages 941-957"},"PeriodicalIF":3.1,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997776","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
Revitalising EU growth: The power of competitive markets 重振欧盟增长:竞争市场的力量
IF 3.1 2区 经济学
Journal of Policy Modeling Pub Date : 2025-09-01 DOI: 10.1016/j.jpolmod.2025.05.001
Andrea Camilli , Michele Catalano , Claudio Colacurcio , Adriaan Dierx , Fabienne Ilzkovitz
{"title":"Revitalising EU growth: The power of competitive markets","authors":"Andrea Camilli ,&nbsp;Michele Catalano ,&nbsp;Claudio Colacurcio ,&nbsp;Adriaan Dierx ,&nbsp;Fabienne Ilzkovitz","doi":"10.1016/j.jpolmod.2025.05.001","DOIUrl":"10.1016/j.jpolmod.2025.05.001","url":null,"abstract":"<div><div>The observed decline in competition in the EU has come at a cost. Simulations of the macroeconomic effects of competition using dynamic stochastic general equilibrium models show that the increase in markups observed in the EU since 2000 may have reduced EU GDP by up to 5–7 % compared to the counterfactual. However, without the European Commission’s competition interventions taken over the last ten years, this impact might have been larger by almost one quarter. The paper also suggests that targeted policy measures limiting the market power of high markup companies and tackling the lack of competition in EU lagging countries, each promise to increase GDP by around 4 % after 10 years, counterbalancing the loss due to the increase in EU markups since 2000.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 5","pages":"Pages 1056-1075"},"PeriodicalIF":3.1,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997782","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 impact of government-funded renewable energy R&D on its consumption 政府资助的可再生能源研发对其消费的影响
IF 3.1 2区 经济学
Journal of Policy Modeling Pub Date : 2025-09-01 DOI: 10.1016/j.jpolmod.2025.06.001
Dierk Herzer
{"title":"The impact of government-funded renewable energy R&D on its consumption","authors":"Dierk Herzer","doi":"10.1016/j.jpolmod.2025.06.001","DOIUrl":"10.1016/j.jpolmod.2025.06.001","url":null,"abstract":"<div><div>With the increasing urgency to shift away from fossil fuels, many governments are boosting their funding for renewable energy research and development (R&amp;D). The fundamental premise behind these efforts is that government-funded renewable energy R&amp;D contributes to increased consumption of renewable energy. This paper examines this premise employing panel data from 26 countries between 1974 and 2022. Based on panel cointegration methods and panel causality tests, this study finds robust evidence of a statistically significant positive long-term relationship between government-funded renewable energy R&amp;D and renewable energy consumption. It also identifies unidirectional causality running from the former to the latter.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 5","pages":"Pages 903-918"},"PeriodicalIF":3.1,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997773","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
Governance, financial openness, and renewable energy investment in Africa 治理、金融开放和非洲可再生能源投资
IF 3.1 2区 经济学
Journal of Policy Modeling Pub Date : 2025-09-01 DOI: 10.1016/j.jpolmod.2025.05.003
Isaac Appiah-Otoo , Jeffrey Dankwa Ampah , Xudong Chen
{"title":"Governance, financial openness, and renewable energy investment in Africa","authors":"Isaac Appiah-Otoo ,&nbsp;Jeffrey Dankwa Ampah ,&nbsp;Xudong Chen","doi":"10.1016/j.jpolmod.2025.05.003","DOIUrl":"10.1016/j.jpolmod.2025.05.003","url":null,"abstract":"<div><div><span>Sustainable Development Goal<span> 7 stresses the need for countries to expand renewable energy investment since renewable energy addresses global climate change and energy insecurity. However, credit accessibility remains a major obstacle to realising this goal. Financial openness addresses this obstacle; however, empirical evidence on the impact of financial openness on renewable energy investment remains limited. Therefore, this study probes the association between financial openness and renewable </span></span>energy investment in<span> 18 African countries from 2004 to 2020, focusing on the role of institutional quality. Using the fixed-effects model with Driscoll-Kraay standard errors, the study finds that financial openness is a significant enabler of renewable energy investment in Africa; however, Africa’s weak institutional environment mitigates the positive impact of financial openness on renewable energy investment. The study estimates that Africa must reach a minimum threshold of institutional quality (2.1) on the −2.5–2.5 scale for financial openness to effectively boost renewable energy investment. The study recommends that policymakers enhance the overall institutional framework in Africa for financial openness to effectively drive renewable energy investment.</span></div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 5","pages":"Pages 958-976"},"PeriodicalIF":3.1,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997777","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
Second-leg home advantage no more? The impact of video assistant referee and no away goals rule in elite soccer 第二回合主场优势不复存在?视频助理裁判与无客场进球规则对精英足球比赛的影响
IF 3.1 2区 经济学
Journal of Policy Modeling Pub Date : 2025-09-01 DOI: 10.1016/j.jpolmod.2025.06.003
Mustafa Yildirim , Mustafa Erhan Bilman
{"title":"Second-leg home advantage no more? The impact of video assistant referee and no away goals rule in elite soccer","authors":"Mustafa Yildirim ,&nbsp;Mustafa Erhan Bilman","doi":"10.1016/j.jpolmod.2025.06.003","DOIUrl":"10.1016/j.jpolmod.2025.06.003","url":null,"abstract":"<div><div>Does hosting the return leg in two-legged soccer ties improve a team’s advancement chances, as some contend, or is this perceived second-leg home advantage merely an illusion, as others argue? This question of competitive fairness is increasingly pertinent in today’s high-stakes soccer environment. While a definitive answer remains elusive, recent rule changes in European soccer, namely the introduction of the video assistant referee (VAR) system and the abolition of the away goals rule (AGR), have added new complexities. Analyzing 906 UEFA Champions League ties (2000/01–2023/24) via weighted logistic regression with robustness checks and team strength controls, we find that a modest second-leg home advantage appears only when AGR is in effect without VAR. Introducing VAR alongside AGR seemingly reverses that advantage, albeit lacking robustness, while neither rule alone nor both absent yields an order effect. Notably, VAR offsets the second-leg home advantage solely in AGR’s presence, while AGR creates that advantage solely in VAR’s absence. Although team quality remains the primary driver of success, these findings illustrate how seemingly innocuous regulatory shifts can redefine competitive fairness. Our results thus offer timely insights for policymakers aiming to design fair and strategically engaging formats in elite European soccer, particularly given the dearth of research on the subject.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 5","pages":"Pages 1097-1112"},"PeriodicalIF":3.1,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997775","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
Monetary policy and labor market dynamics: A gender perspective from developing economies 货币政策和劳动力市场动态:来自发展中经济体的性别视角
IF 3.1 2区 经济学
Journal of Policy Modeling Pub Date : 2025-09-01 DOI: 10.1016/j.jpolmod.2025.03.002
Marjan Petreski , Stefan Tanevski , Alejandro D. Jacobo
{"title":"Monetary policy and labor market dynamics: A gender perspective from developing economies","authors":"Marjan Petreski ,&nbsp;Stefan Tanevski ,&nbsp;Alejandro D. Jacobo","doi":"10.1016/j.jpolmod.2025.03.002","DOIUrl":"10.1016/j.jpolmod.2025.03.002","url":null,"abstract":"<div><div><span><span>This study examines the gendered effects of monetary policy shocks in developing economies. Using a modified </span>Taylor rule incorporating foreign reserve movements, we identify country-specific monetary shocks and apply a local projections estimator to analyze gender-disaggregated </span>labor market<span> responses in 99 developing economies from 2009 to 2021. Results indicate that women experience more negative employment effects than men post-shock, particularly in high-growth environments and under monetary tightening. The findings underscore the need for monetary authorities to consider gender disparities in policy formulation and to coordinate with labor and fiscal policies to mitigate adverse effects on women’s labor market outcomes.</span></div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 5","pages":"Pages 999-1020"},"PeriodicalIF":3.1,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997779","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
Autocratic governance and decentralization in non-democratic regimes: China’s case study 非民主政体中的专制治理和权力下放:中国案例研究
IF 3.1 2区 经济学
Journal of Policy Modeling Pub Date : 2025-09-01 DOI: 10.1016/j.jpolmod.2024.12.004
Tahir Yousaf , Qurat ul Ain
{"title":"Autocratic governance and decentralization in non-democratic regimes: China’s case study","authors":"Tahir Yousaf ,&nbsp;Qurat ul Ain","doi":"10.1016/j.jpolmod.2024.12.004","DOIUrl":"10.1016/j.jpolmod.2024.12.004","url":null,"abstract":"<div><div>This research article examines the intricate dynamics of transitioning from a centralized to a decentralized governance system, with a specific focus on the autocratic context, using China as a prominent case study<span>. The central argument centers on the concept that autocratic leaders face a challenging holdup problem when implementing sustainable development policies<span>. In situations where effective mechanisms for establishing credible policy commitments are lacking, centralized decision-making often fails to accurately exhibit local preferences, eroding inducements. Decentralization emerges as a powerful mechanism for ensuring sustainable policy commitment by aligning fiscal policies with individual preferences, potentially enhancing efficiency. Our research sheds light on the motivations for autocratic rulers to opt for decentralization as a means of overcoming the challenges associated with centralized decision-making and fostering improved alignment between sustainable development policies and local residents' preferences and productive efforts.</span></span></div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 5","pages":"Pages 1037-1055"},"PeriodicalIF":3.1,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997781","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
Inflation and policy coordination in high-inflation environments 高通胀环境下的通胀与政策协调
IF 3.1 2区 经济学
Journal of Policy Modeling Pub Date : 2025-09-01 DOI: 10.1016/j.jpolmod.2025.05.002
Idris A. Adediran , Olajide O. Oyadeyi , Tirimisiyu F. Oloko
{"title":"Inflation and policy coordination in high-inflation environments","authors":"Idris A. Adediran ,&nbsp;Olajide O. Oyadeyi ,&nbsp;Tirimisiyu F. Oloko","doi":"10.1016/j.jpolmod.2025.05.002","DOIUrl":"10.1016/j.jpolmod.2025.05.002","url":null,"abstract":"<div><div><span><span>We observe a disquieting problem: the ineffectiveness of conventional monetary policy instruments, including </span>inflation targeting, to deliver price stability in high-inflation environments. We explore two exciting contributions using an intuitive panel data </span>econometric modelling across M1 2010 and M12 2023. First, we highlight the key drivers of inflation in the countries as mostly non-monetary factors–geopolitical risk, fiscal spending, and inflation expectation–to explain why price stability eludes the monetary authorities. Second, we estimate monetary and fiscal policy rules and find that while price stability remains the overarching goal of monetary policy, the fiscal authorities appear unconcerned despite contributing to the problem. We propose a policy coordination strategy that integrates inflation targeting into both monetary and fiscal policy rules, as well as supply-side initiatives.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 5","pages":"Pages 889-902"},"PeriodicalIF":3.1,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997765","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
Will temporary super depreciation allowances for green and digital investments have knock-on effects? 绿色和数字投资的临时超折旧津贴会产生连锁反应吗?
IF 3.1 2区 经济学
Journal of Policy Modeling Pub Date : 2025-09-01 DOI: 10.1016/j.jpolmod.2025.03.003
Michael Funke , Raphael Terasa
{"title":"Will temporary super depreciation allowances for green and digital investments have knock-on effects?","authors":"Michael Funke ,&nbsp;Raphael Terasa","doi":"10.1016/j.jpolmod.2025.03.003","DOIUrl":"10.1016/j.jpolmod.2025.03.003","url":null,"abstract":"<div><div><span>As an incentive towards twin digital and green investment in the corporate landscape, the German Federal Government has suggested a targeted temporary super depreciation allowance to support much-needed green and digital transitions. Using a calibrated multi-sector </span>DSGE<span><span> model, we find that the temporary super deduction could trigger an uplift of 10 percentage points for crucial green and digital capital spending, turbo-charging decarbonization and digitization ambitions. However, with the temporary </span>corporate tax policy measure set to end after two years, there is a risk that the higher investment expenditures are levelling out afterwards.</span></div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 5","pages":"Pages 977-998"},"PeriodicalIF":3.1,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997778","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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