Journal of Policy Modeling最新文献_第8页

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 Epub Date: 2025-06-10 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 , Jeffrey Dankwa Ampah , 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 Epub Date: 2025-06-17 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 , 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 Epub Date: 2025-03-20 DOI: 10.1016/j.jpolmod.2025.03.002

Marjan Petreski , Stefan Tanevski , Alejandro D. Jacobo

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 Epub Date: 2025-01-07 DOI: 10.1016/j.jpolmod.2024.12.004

Tahir Yousaf , Qurat ul Ain

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 Epub Date: 2025-06-11 DOI: 10.1016/j.jpolmod.2025.05.002

Idris A. Adediran , Olajide O. Oyadeyi , Tirimisiyu F. Oloko

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 Epub Date: 2025-04-08 DOI: 10.1016/j.jpolmod.2025.03.003

Michael Funke , Raphael Terasa

引用次数: 0

Is Pakistan in a debt trap? Do domestic and foreign debts crowd-out private investment? 巴基斯坦陷入债务陷阱了吗？国内和国外债务会排挤私人投资吗？

IF 3.1 2区经济学

Journal of Policy Modeling Pub Date : 2025-09-01 Epub Date: 2025-06-18 DOI: 10.1016/j.jpolmod.2025.06.005

Muhammad Arshad Khan , Abdul Rahman , Bashir Ahmed Tareen

{"title":"Is Pakistan in a debt trap? Do domestic and foreign debts crowd-out private investment?","authors":"Muhammad Arshad Khan , Abdul Rahman , Bashir Ahmed Tareen","doi":"10.1016/j.jpolmod.2025.06.005","DOIUrl":"10.1016/j.jpolmod.2025.06.005","url":null,"abstract":"<div><div>Historically, Pakistan remained heavily dependent on domestic and external sources of financing which have strangled economic activities. Excessive public borrowing from domestic sources puts upward pressure on interest rates which crowded out domestic investment. Earlier studies found a linear relationship between debt and private investment. However, these studies overlooked the non-linear behavior of debt. The present study fills the research gap by examining the asymmetric impact of domestic and external debt on private investment. Further, this study attempts to explore whether the domestic and foreign debt crowed-in or crowed-out private investment in Pakistan over the period from 1972 to 2022. To this end, the Non-linear Autoregressive Distributed Lag (NARDL) model has been utilized to capture the positive and negative shocks of domestic and foreign debt on private investment. The empirical outcome confirms the existence of both the long-run and short-run asymmetry between private investment, domestic debt, and external debt in Pakistan. Particularly, the positive shock to domestic debt deters private investment, while the negative shock promotes private investment in the short run. On the other hand, a positive shock to foreign debt enhances private investment in the short-run and the opposite holds for the negative shocks in the long-run. Another important finding is the crowding-out effect of public investment on private investment, which holds true in the short run. Thus, there is a need to curtail the size of domestic debt since its accumulation adversely affects private investment.</div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 5","pages":"Pages 1076-1096"},"PeriodicalIF":3.1,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997783","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

Alcohol consumption response to pandemic induced income shocks in India 酒精消费对流行病引起的印度收入冲击的反应

IF 3.1 2区经济学

Journal of Policy Modeling Pub Date : 2025-09-01 Epub Date: 2024-09-19 DOI: 10.1016/j.jpolmod.2024.09.001

Nidhi Kaicker

{"title":"Alcohol consumption response to pandemic induced income shocks in India","authors":"Nidhi Kaicker","doi":"10.1016/j.jpolmod.2024.09.001","DOIUrl":"10.1016/j.jpolmod.2024.09.001","url":null,"abstract":"<div><div>The study assesses the impact of the Covid-19 pandemic on household consumption of alcohol in India<span><span>, considering both income shocks and supply-side factors. based on a nationally representative household survey conducted by CMIE. Using a 2SLS panel regression model and employing an approach akin to difference-in-differences technique, our study finds that the pandemic induced lockdowns<span> resulted in a sharp increase in the share of alcohol in total expenditure across rural and urban India, and for all income levels. Alcohol consumption varies by education level, by caste, religion, and severity of income shocks. The increased alcohol consumption during the pandemic, and more so among the households that faced a severe income shock, despite the supply restrictions, suggest the stronger impact of stress-response-dampening hypothesis and self-medication hypothesis compared to the income effect. Despite state-imposed supply restrictions, including temporary alcohol shop closures and subsequent reopening with higher </span></span>taxes, the study raises concerns about a disproportionate rise in alcohol consumption among the most economically impacted. This underscores the need for balanced policy responses, considering both economic stressors and public health imperatives, and emphasizes targeted interventions to mitigate the consequences of increased alcohol consumption during crises.</span></div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 5","pages":"Pages 1021-1036"},"PeriodicalIF":3.1,"publicationDate":"2025-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144997780","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

A tale of debt in three acts 三幕的债务故事

IF 3.1 2区经济学

Journal of Policy Modeling Pub Date : 2025-07-01 Epub Date: 2025-06-30 DOI: 10.1016/j.jpolmod.2025.06.009

Barry Eichengreen

引用次数: 0

The impact of US deportation policies on the US, Canadian, and Mexican economies 美国驱逐政策对美国、加拿大和墨西哥经济的影响

IF 3.1 2区经济学

Journal of Policy Modeling Pub Date : 2025-07-01 Epub Date: 2025-06-26 DOI: 10.1016/j.jpolmod.2025.06.010

Karen Thierfelder , Sherman Robinson , Raul Hinojosa-Ojeda

{"title":"The impact of US deportation policies on the US, Canadian, and Mexican economies","authors":"Karen Thierfelder , Sherman Robinson , Raul Hinojosa-Ojeda","doi":"10.1016/j.jpolmod.2025.06.010","DOIUrl":"10.1016/j.jpolmod.2025.06.010","url":null,"abstract":"<div><div>North America (Canada, US, Mexico) is a highly inter-connected regional economy (ICRE) with extensive cross-country value chains in production and strong trade, financial, and labor market<span><span><span> links. The impact of new US deportation policy would affect the US economy in the short to medium term by reducing the labor force by nearly five percent as foreign-born labor leaves the country or drops out of the labor market. Analysis with a global computable general equilibrium<span> (CGE) simulation model indicates that the shock would cause a supply-side recession in the US and reduce real GDP by four percent. The wage in the labor markets with high participation of the remaining undocumented labor would increase, which would provide an incentive for increased future migration. There would also be a decline in the wage of native-born workers; studies indicate that they are complements not substitutes for non-native labor in their sectors of employment. The US macro shock would also induce macro shocks to both Mexico and Canada, yielding reductions in their GDP. In addition, there would be a dramatic decline in </span></span>remittance<span><span> flows from foreign-born workers to their countries of origin. For Mexico, the reduction in remittances would lead to a financial shock due to lost foreign exchange, resulting in a major depreciation of the real exchange rate and changes in </span>macro aggregates: lower GDP, lower imports, increased exports, and much lower aggregate final demand. The financial shock in Mexico would feed back to Canada and the US, affecting the sectoral </span></span>composition of trade<span> and production in both countries. In sum, the impact of US policies to remove foreign-born labor would reverberate across all three countries, damaging their economies and weakening economic integration in North America.</span></span></div></div>","PeriodicalId":48015,"journal":{"name":"Journal of Policy Modeling","volume":"47 4","pages":"Pages 746-767"},"PeriodicalIF":3.1,"publicationDate":"2025-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144863796","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