Adama Sawadogo , Noël Thiombiano , Relwendé Sawadogo
{"title":"Can inclusive growth reduce multidimensional poverty in Sub-Saharan Africa?","authors":"Adama Sawadogo , Noël Thiombiano , Relwendé Sawadogo","doi":"10.1016/j.jpolmod.2025.11.002","DOIUrl":"10.1016/j.jpolmod.2025.11.002","url":null,"abstract":"<div><div>Poverty is a major concern for policymakers in Sub-Saharan Africa, as this region alone accounts for more than half of the world’s poor. This research analyses the effect of inclusive growth on multidimensional poverty in a sample of 33 Sub-Saharan African countries over the period 1996–2019. The results, derived from the first-difference estimator, indicate that inclusive growth reduces multidimensional poverty, as measured by the index and the incidence of multidimensional poverty. These findings remain robust to the inclusion of additional control variables and are further confirmed by the use of the random-effects panel instrumental variable estimator as an alternative econometric approach. The findings of this research suggest to policymakers that fostering inclusive growth is a powerful tool for reducing multidimensional poverty in Sub-Saharan Africa. To achieve this, public authorities may implement policies aimed not only at boosting worker productivity, but also at promoting access to the labour market for the poorest segments of the population.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"48 2","pages":"Pages 289-307"},"PeriodicalIF":3.1,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147552059","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 end of globalization? Evidence and policy evaluation","authors":"Mario Arturo Ruiz Estrada , Evangelos Koutronas","doi":"10.1016/j.jpolmod.2025.12.001","DOIUrl":"10.1016/j.jpolmod.2025.12.001","url":null,"abstract":"<div><div>This paper suggests a Deglobalization Index (Ð-Index) that utilizes economic and security indicators to track the shift from integration to fragmentation (1990–2025). The proposed multidimensional model is constructed under the <em>Omnia Mobilis</em> assumption and interpreted through the <em>Dynamic Imbalanced State</em> framework. Key findings show peak globalization in 1996–2000, a post-2008 break, and a sharp rise in deglobalization after 2021. Policy evaluation suggests the need for new national economic strategies that emphasize friend-shoring and regional diversification, interoperable standards and transparent export controls, targeted buffers for critical goods, and WTO-compatible plurilaterals to manage protectionist pressures. These measures reduce exposure to shocks while preserving efficiency. We conclude with a prioritized policy agenda balancing resilience and openness.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"48 2","pages":"Pages 489-500"},"PeriodicalIF":3.1,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147552052","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":"Regional inflation spillovers and monetary policy design","authors":"José Aguilar , Ricardo Quineche","doi":"10.1016/j.jpolmod.2025.10.003","DOIUrl":"10.1016/j.jpolmod.2025.10.003","url":null,"abstract":"<div><div>Should emerging market central banks anchor inflation targeting to capital cities or national aggregates? Peru's Central Reserve Bank has achieved Latin America's lowest inflation (2.96 % average annual between 2001 and 2024) using Lima's CPI—an uncommon choice raising equity concerns. Using frequency-domain spillover analysis on monthly data (2002–2024) across nine regions, we find Lima dominates long-run transmission (NET: 27.23 pp) but absorbs short-run agricultural shocks. We recommend maintaining Lima-centered targeting while integrating upstream food-region signals into forecasts and developing crisis-adaptive frameworks. These findings validate Peru's approach and provide actionable guidance for spatially heterogeneous inflation-targeting economies.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"48 2","pages":"Pages 468-488"},"PeriodicalIF":3.1,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147552051","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 counterfactual challenge: How machine learning can enhance policy evaluation","authors":"F. Fantechi, A. Cusimano","doi":"10.1016/j.jpolmod.2025.05.007","DOIUrl":"10.1016/j.jpolmod.2025.05.007","url":null,"abstract":"<div><div>Understanding the impact of public policies and programmed actions is a complex and challenging task that deserves attention and resources. Even if the economic literature on counterfactual methods and identification is well established, conventional methodologies still struggles with holding up the <em>unconfoundedness assumption</em> in complex socio-economic and policy contexts. This paper sets up a ‘counterfactual challenge’, testing the ability of conventional matching versus a novel application of Supervised Machine Learning classification process to identify suitable counterfactuals. Working with high-dimensional data in complex socio-economic and policy contexts, results show that Machine Learning algorithms are better equipped to effectively balance treatment and control groups across a wide range of covariates compared to conventional matching methods. In the context of decision making and policy planning, we show the potential of Machine Learning to drastically improve the reliability and precision of information supporting policymakers in their choices. This is argued to have a positive impact on the effective use of public resources especially in complex and underdeveloped areas and contexts. Improvements in the precision of impact evaluation could result in significant gains in resource efficiency, both by generating realistic expectations of policy outputs, and improving scarce resource allocation we show that the use of Machine Learning algorithms for counterfactual identification consistently provides more precise results and supports policymakers in navigating complex contexts.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"48 2","pages":"Pages 343-355"},"PeriodicalIF":3.1,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147552054","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":"From tweets to trends: Modeling public opinion for policy insights on emerging technologies","authors":"Surabhi Singh , Shiwangi Singh , Sanjay Dhir","doi":"10.1016/j.jpolmod.2025.06.024","DOIUrl":"10.1016/j.jpolmod.2025.06.024","url":null,"abstract":"<div><div>In the evolving innovation landscape, understanding public opinions is important for shaping the trajectory of technological development, influencing the adoption of emerging technologies (ET), and developing policies that can reflect societal values and address public concerns. This study employs structural topic modeling and sentiment analysis to analyze public opinion on X (formerly Twitter). This study identifies six latent topics related to ET. Findings suggest that people are willing to adopt ET. This research bridges computational modeling and policy analysis, offering evidence-based insights. The study provides data-driven recommendations for policymakers and academics to address emerging digital challenges.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"48 2","pages":"Pages 327-342"},"PeriodicalIF":3.1,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147552053","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":"Covid-19 delayed and exacerbated the impending food price spikes","authors":"Jane Du , Cheng King","doi":"10.1016/j.jpolmod.2026.02.001","DOIUrl":"10.1016/j.jpolmod.2026.02.001","url":null,"abstract":"<div><div>This study uses a five-year annual panel to examine food expenditures across 65 countries before and after Covid-19, highlighting their shifts in purchasing power and common features that influence international food prices. Middle-income countries have emerged as key drivers of food price trends. The underlying mechanisms are threefold: (1) Middle-income countries are collectively recovering from Covid-19. The scale of their incremental food demands could quickly push international food prices higher. (2) By 2022, the global population undergoing dietary transitions had doubled to 6.4 billion, turning rising food prices into a long-term challenge. (3) In the absence of significant agricultural technology akin to the Green Revolution, developing economies today are unlikely to meet their growing food demands solely through increased agricultural yields. These factors collectively intensify competition in international food markets and set the stage for significant spikes in food prices in the post-Covid era.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"48 2","pages":"Pages 448-467"},"PeriodicalIF":3.1,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147552050","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":"Insuring crops against climate risks: A most effective agricultural practice in India","authors":"Dinamani Biswal , Chandra Sekhar Bahinipati","doi":"10.1016/j.jpolmod.2025.06.021","DOIUrl":"10.1016/j.jpolmod.2025.06.021","url":null,"abstract":"<div><div>Several studies have enquired about the reason for the low adoption of crop insurance in India and noticed determinants associated with demographic, socio-economic, landholding, institutional characteristics, etc. However, limited studies consider nationally representative sample data for analysis, and further, there is a dearth of understanding in the intensification of crop insurance adoption. A few studies reveal that determinants are different for adopting crop insurance and the number of crops insured. Thus, this study aims to identify factors influencing crop insurance adoption and the number of crops insured in India. The National Sample Survey Office 70th and 77th rounds related to the Situation Assessment Survey of Agricultural Households conducted in the 2012–13 and 2018–19 Kharif season (July - December) data are taken, and the double hurdle model is employed. Like other empirical studies in India, this study finds that socio-economic variables like caste, education, and economic status influence farmers’ behaviour towards crop insurance adoption. Large farmers are more likely to opt for crop insurance than other farmers. In particular, most variables related to access to various agricultural institutions are positive and significant for adoption but not for intensification of crop insurance. A separate analysis for landholding categories highlights the importance of these variables, particularly for marginal farmers. This needs special attention in the policy as it is imperative from the ongoing agricultural crisis in India to enhance adoption coverage so more farmers opt for crop insurance and purchase insurance for multiple crops. Such analysis is imperative as crop insurance is considered one of the most effective climate-smart agriculture practices.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"48 2","pages":"Pages 308-326"},"PeriodicalIF":3.1,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147552104","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":"Beyond sanctions: Unpacking growth generators for Iranian small business","authors":"Iman Cheratian, Saleh Goltabar","doi":"10.1016/j.jpolmod.2025.07.004","DOIUrl":"10.1016/j.jpolmod.2025.07.004","url":null,"abstract":"<div><div>The study investigates how international sanctions affect sales growth in Iranian small businesses. It finds sanctions hurt sales, while access to external financing, technology, managerial education, and new employment helps businesses grow. Interestingly, the challenges of an aging firms and staff adjustments also hurt sales growth. Finally, the study suggests that firms that have received financing and benefited from required technology and managerial education may have mitigated the negative impacts of international sanctions on their growth. However, the adverse effects of sanctions on growth are more pronounced for firms facing obstacles in accessing external finance.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"48 2","pages":"Pages 379-397"},"PeriodicalIF":3.1,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147552105","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":"Social policy gone bad educationally: Unintended peer effects from transferred students","authors":"Christos Genakos , Eleni Kyrkopoulou","doi":"10.1016/j.jpolmod.2026.01.003","DOIUrl":"10.1016/j.jpolmod.2026.01.003","url":null,"abstract":"<div><div>What is the impact of an increase of lower-ability students in a university class? We examine a natural experiment in which students from large, low-income families had the chance to transfer to academic programs at a local university. Multiple law changes meant that there was significant, quasi-random variability in the number of transferred students over time, which was orthogonal to the quality of receiving students. We create a novel dataset for the top economics department in Greece and show that the social policy had a negative educational impact by uniformly lowering recipient students' academic performance once the proportion of transferred students exceeded a certain threshold.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"48 2","pages":"Pages 398-428"},"PeriodicalIF":3.1,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147552106","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}
Giuseppe Di Vita , Paolo Lorenzo Ferrara , Alessandra Patti
{"title":"The economic costs of oligopoly in the markets of rare earth minerals","authors":"Giuseppe Di Vita , Paolo Lorenzo Ferrara , Alessandra Patti","doi":"10.1016/j.jpolmod.2025.11.004","DOIUrl":"10.1016/j.jpolmod.2025.11.004","url":null,"abstract":"<div><div>In this research, the costs of rare earth elements (REEs) due to the oligopolistic market structure are estimated. On the supply side, China exercises a dominant position in the international REEs market because it controls more than 40 % of deposits and more than 60 % of REEs traded. Other countries assume an ancillary role in international markets for these minerals, which will increasingly play a crucial role in economic growth in the coming decades, since REEs are considered the minerals of technology and the green transition. Using the fringe oligopoly model, the costs due to this market structure for economies less endowed with deposits of these minerals are estimated. To perform this analysis, the Herfindahl-Hirschman Index was calculated, and a new index of dependence on REEs, as a proxy for a country's economic vulnerability, was constructed. Our database covers fifty years and sixty-two countries. Most of the data used comes from the World Bank database. Using quantile econometric models, we can calculate the economic costs of countries with fewer REEs caused by the market power exerted by the leading country in this market and estimate the loss for each country involved in the international trade of these minerals. Finally, technological advancements play a pivotal role in aiding countries reliant on REEs to lower their costs. This can be achieved through policies aimed at minimizing the utilization of REEs during manufacturing, harnessing the recycling of minerals from used products, and discovering alternative materials to replace REEs.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"48 2","pages":"Pages 255-288"},"PeriodicalIF":3.1,"publicationDate":"2026-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147552058","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}