{"title":"Modelling global water policies","authors":"Pasquale Lucio Scandizzo , Richard Damania","doi":"10.1016/j.jpolmod.2025.01.010","DOIUrl":"10.1016/j.jpolmod.2025.01.010","url":null,"abstract":"<div><div>This article develops an analysis of evolving water availability through a novel global Computable General Equilibrium (CGE) model that moves beyond existing approaches by incorporating both precipitation and total water storage (TWS)– a more comprehensive measure of water availability encompassing surface water, groundwater, and soil moisture. To this aim, the article first provides an overview of the problem of economic modelling of water in a general equilibrium context, through a review of CGE models that have attempted to deal with water as a key economic input and its direct and indirect influence on markets and well-being. Secondly, it includes the health effects of inadequate water supply and sanitation (WASH), capturing a key dimension of water availability and its distributional effects. Third, it provides a granular representation of how water enters in the different value chains, providing novel suggestions and a better understanding of how water widespread influence across sectors may contribute to a more significant impact of climate change than estimated by other studies. Simulations are employed to evaluate the costs associated with policy inaction under various water scenarios, including those influenced by climate change, offering crucial guidance for proactive policy interventions.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 2","pages":"Pages 407-427"},"PeriodicalIF":3.5,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144138890","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}
{"title":"The intractability of public debt in post-independent Zimbabwe: An international comparison","authors":"Freeman Munisi Mateko , Barbra Maiwasha , Emmanuel Tsara","doi":"10.1016/j.jpolmod.2025.01.009","DOIUrl":"10.1016/j.jpolmod.2025.01.009","url":null,"abstract":"<div><div>How has public and publicly guaranteed debt in post-independent Zimbabwe relentlessly spiralled over time? The mixed method study aimed to determine the causes and effects that have triggered a debt crisis in Zimbabwe. Descriptive data on public debt was obtained from the World Bank portal for the period 1980–2022. The research used documentary evidence obtained from online repositories. Documentary analysis was used under the data analysis section. Research findings indicated that high public debt was a result of continuous borrowing from financial institutions, corruption, weak institutions, non-adherence to the available legal frameworks, unbudgeted expenditures, as well as a lack of transparency and accountability in public debt management. It was also established that unsustainable public debt in Zimbabwe led to slow economic growth and a loss of creditworthiness status. The novelty of the research is on the basis of examining the causes and effects of public debt as well as providing solutions. These research findings imply that Zimbabwe must reduce its public debt levels in order to improve its capacity to meet macro-economic objectives and attain sustainable development goals. In terms of policy recommendations, it was suggested that there is a need for implementing public debt policy, debt transparency, a strong commitment to deal with corruption, responsible and restrained government borrowing.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 2","pages":"Pages 394-406"},"PeriodicalIF":3.5,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144138889","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}
Fei Peng , Lili Kang , Xiaocong Yang , Sajid Anwar
{"title":"Discrimination based on employer preferences: The height premium in China","authors":"Fei Peng , Lili Kang , Xiaocong Yang , Sajid Anwar","doi":"10.1016/j.jpolmod.2024.10.002","DOIUrl":"10.1016/j.jpolmod.2024.10.002","url":null,"abstract":"<div><div>This paper examines the policy issue of height-based discrimination in China's labour market using a comprehensive nationwide survey dataset spanning from 1989 to 2015. Employing a theoretical framework that considers statistical discrimination resulting from employer preferences for cognitive and non-cognitive skills associated with productivity, the research investigates the impact of height on hourly wages. The empirical analysis reveals a height premium of approximately 5.97 % per ten-centimetre increase and identifies educational attainment as a factor explaining about one-third of this premium. Furthermore, the study finds that female employees with higher education levels experience greater height premiums. Interestingly, the height premium is smaller in the public sector, senior technical occupations, in regions with a collectivist culture that centres around traditional rice-growing practices, and during the earlier transition period (before 2000) when cognitive skills held more significance. These findings suggest the widespread occurrence of height-based statistical discrimination in China’s labour market and underscore the necessity for the policy interventions of health care and nutrition intake in early life and the later effective anti-discrimination regulations in labour market.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 2","pages":"Pages 276-297"},"PeriodicalIF":3.5,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144137714","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}
{"title":"Increasing taxes on ‘bads’ and reducing them on ‘goods’: A double dividend hypothesis of carbon taxation","authors":"Gurleen Kaur Malhotra , Amlendu Dubey","doi":"10.1016/j.jpolmod.2024.11.002","DOIUrl":"10.1016/j.jpolmod.2024.11.002","url":null,"abstract":"<div><div>We analyse the effect of adoption of a carbon tax on the effective labour tax rates using a difference-in-difference framework in which we incorporate staggered treatment adoption and account for heterogeneous causal effects. We use data on 143 countries during 1985–2018. We conduct our analysis using DID estimation developed by Borusyak et al. (2024) and Callaway and Sant’Anna (2021) followed by sensitivity analysis and placebo tests. We find that enacting a carbon tax on an average lowers the labour tax rate by 1.32 % points. In country-specific analysis we find that carbon tax implementation is reducing labour tax by around 3.57 % for Sweden and Norway, however, the effect is insignificant for Denmark. Our findings indicate that implementing a carbon tax can help to reduce the tax burden on labour. Countries experiencing substantial welfare losses due to their present tax structure might implement carbon taxes as a means to mitigate these losses.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 1","pages":"Pages 118-133"},"PeriodicalIF":3.5,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143519787","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}
Maksym Chepeliev , Maryla Maliszewska , Israel Osorio-Rodarte , Maria Filipa Seara e Pereira , Dominique van der Mensbrugghe
{"title":"Lowering trade barriers improves income distribution and economic resiliency","authors":"Maksym Chepeliev , Maryla Maliszewska , Israel Osorio-Rodarte , Maria Filipa Seara e Pereira , Dominique van der Mensbrugghe","doi":"10.1016/j.jpolmod.2024.09.004","DOIUrl":"10.1016/j.jpolmod.2024.09.004","url":null,"abstract":"<div><div>The U.S.-China trade war, COVID-19 pandemic and Russian invasion of Ukraine contributed to calls for greater economic self-sufficiency by exposing gaps in international collaboration and the uncertainty of global supply chains. In this study, we apply a comprehensive global modeling framework to enhance understanding of the potential impacts of fragmentation of global value chains. Supporting the general argument toward economic benefits from open markets our analysis contributes to the policy debate in two important dimensions of this phenomenon—distributional impacts and economic resiliency. We find that tariff liberalization and trade facilitation measures implemented by developing countries could not only reduce between-country inequality but also result in progressive within-country income distribution primarily through lowering food prices, as well as increasing unskilled wages. In addition, using a case study of disruption to Thailand’s electronics industry, we find higher resiliency of developing countries to external shocks in the globalized (as opposed to a localized) world.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 1","pages":"Pages 30-48"},"PeriodicalIF":3.5,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143519779","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}
{"title":"Is there worldwide convergence toward the SDGs?","authors":"Simona Bigerna, Silvia Micheli","doi":"10.1016/j.jpolmod.2024.12.002","DOIUrl":"10.1016/j.jpolmod.2024.12.002","url":null,"abstract":"<div><div>The Sustainable Development Goals (SDGs) are an unprecedented guide to addressing sustainability challenges globally. A central issue in sustainable development debate is represented by the convergence problem. The aim of our paper is to construct a policy analysis model that can be used to examine the cross-country convergence processes with respect to the achievement of SDGs toward the goals, based on the theory of sigma-convergence and beta-convergence The analysis covers 190 countries from 2000 to 2022 and the convergence is estimated with both ordinary least square and Arellano-Bond methods. Factors affecting the multivariate convergence process are shown. Our analysis contributes to policy-shaping to redefine strategies that allows the SDGs to be achieved, highlighting the need to define concrete and measurable objectives, with qualitative and quantitative methods at national levels.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 1","pages":"Pages 97-117"},"PeriodicalIF":3.5,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143519786","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The short-run displacement of EU cohesion funds in Italy: Has reprogramming a positive impact on regional growth?","authors":"Fabio Mazzola, Debora Gambina","doi":"10.1016/j.jpolmod.2024.09.003","DOIUrl":"10.1016/j.jpolmod.2024.09.003","url":null,"abstract":"<div><div>The European cohesion policy aims at fostering long-run growth. This paper, for the first time, empirically evaluates the impacts of Structural Funds re-programming on regional growth, for the Italian case during 2007–20 period. The re-programming was due to the redirection of allocated amounts facing urgent needs related to the Great Recession, Covid-19 and natural disasters. We estimate impulse response functions through Jordà local projections. We find a robust negative effect of re-programming on regional growth starting three years after the planned shock and sectoral heterogeneity. Our empirical results discourage the Funds’ redirection towards a different use from original goals.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 1","pages":"Pages 1-29"},"PeriodicalIF":3.5,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143519775","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}
{"title":"Exploring policy responses to labour-saving technologies: An assessment of basic income, job guarantee, and working time reduction","authors":"Simone D’Alessandro , Tiziano Distefano , Guilherme Spinato Morlin , Davide Villani","doi":"10.1016/j.jpolmod.2025.01.001","DOIUrl":"10.1016/j.jpolmod.2025.01.001","url":null,"abstract":"<div><div>This study examines policy responses to labor-saving technologies, focusing on employment and income inequality. Using the EUROGREEN model, we assess three scenarios: basic income, job guarantee, and working time reduction. The job guarantee scheme effectively reduces unemployment but raises the fiscal deficit, while working time reduction improves wage share, cuts deficits, and reduces inequality. Basic income has a moderate impact on unemployment but significantly reduces inequality but is accompanied by higher deficits. A wealth tax could help finance these policies and contribute to inequality reduction. This research provides novel insights to policymakers by demonstrating how a strategic mix of labour policies can improve socio-economic outcomes in the face of technological-induced job disruptions.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 1","pages":"Pages 49-63"},"PeriodicalIF":3.5,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143519778","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Renata Karkowska , Zbigniew Korzeb , Paweł Niedziółka
{"title":"Inflation's dual impact on European banks' profitability","authors":"Renata Karkowska , Zbigniew Korzeb , Paweł Niedziółka","doi":"10.1016/j.jpolmod.2024.11.004","DOIUrl":"10.1016/j.jpolmod.2024.11.004","url":null,"abstract":"<div><div>Geopolitical risks have sharply heightened inflationary pressures across global economies, posing significant challenges to the banking sector. This study investigates the complex impact of inflation on banks, focusing on the dual effect of rising inflation on bank performance. On one hand, our analysis of 196 commercial banks from 31 European countries reveals that inflation drives an increase in both interest and non-interest incomes, bolstering banks' revenue streams. On the other hand, this same inflationary pressure leads to a deterioration in efficiency ratios, indicating a decline in operational efficiency. This paradox highlights a critical issue for the banking sector: while banks may experience short-term revenue gains, their overall efficiency suffers, potentially undermining long-term stability. Our findings underscore the importance of coordinated monetary and macroprudential policies to mitigate these effects and suggest that supervisory policies favoring consolidation initiatives could offer a pathway to enhanced efficiency in an inflationary environment.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 1","pages":"Pages 64-77"},"PeriodicalIF":3.5,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143519780","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}
{"title":"New rules, new game? The effects of the away goals rule removal and video assistant referee adoption on game dynamics in UEFA Champions League ties","authors":"Mustafa Yildirim , Mustafa Erhan Bilman","doi":"10.1016/j.jpolmod.2024.12.003","DOIUrl":"10.1016/j.jpolmod.2024.12.003","url":null,"abstract":"<div><div>This study investigates the impact of two recent rule changes in European soccer: the abolition of the away goals rule (AGR) and the introduction of the Video Assistant Referee (VAR) system. Specifically, it examines how these changes affect game dynamics, focusing on playing style indicators and disciplinary outcomes within the UEFA Champions League. We collect data on 1244 two-legged ties (2488 individual matches), spanning the seasons from the start of 2000/01 to the play-off stage of 2023/24. By analyzing the data at both the aggregate tie and individual leg levels and controlling for an extensive array of confounding variables, we challenge UEFA’s rationale for discontinuing the AGR. Contrary to UEFA’s justification for its removal, our findings reveal that the AGR promotes offensive rather than defensive play. Our findings regarding the VAR accord with the predominant view in the literature: less referee bias against away teams and increased aversion to risky tackles, hence, fewer disciplinary infractions. Given that the ties played under the AGR are found to be more competitive and thus more entertaining, our key policy implication is that UEFA should consider reinstating the AGR. Our results also suggest that the VAR should remain in place as it stimulates fairness and rule-abiding play.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 1","pages":"Pages 78-96"},"PeriodicalIF":3.5,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143519781","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}