发布求助
文献互助 智能选刊 最新文献

Cambridge Journal of Economics最新文献

筛选
英文 中文
Can wealth taxation fund public investment in a caring and sustainable economy? The case of the UK 财富税能否为关爱和可持续经济的公共投资提供资金?以英国为例
IF 2 2区 经济学
Cambridge Journal of Economics Pub Date : 2023-08-10 DOI: 10.1093/cje/bead026
Özlem Onaran, Cem Oyvat, Eurydice Fotopoulou
{"title":"Can wealth taxation fund public investment in a caring and sustainable economy? The case of the UK","authors":"Özlem Onaran, Cem Oyvat, Eurydice Fotopoulou","doi":"10.1093/cje/bead026","DOIUrl":"https://doi.org/10.1093/cje/bead026","url":null,"abstract":"\u0000 This article develops a theoretical model integrating wealth concentration and taxation to the feminist post-Kaleckian models. We estimate the model econometrically using an instrumental variable-generalized method of moments approach for the UK. We find that an increase in the tax rate on wealth decreases wealth concentration, and has a strong positive impact on output, employment and the budget. An increase in the progressivity of income taxation by increasing the tax rate on profits and decreasing the tax rate on labour income also leads to similar results, but the effects are more modest compared to wealth taxation. Public social infrastructure investment has a high positive effect on output and productivity as well as employment and gender equality in wages and employment. Public physical infrastructure investment has also a substantial effect on output and employment, albeit creating fewer jobs for women compared to the case of social infrastructure, while productivity effects are more modest.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46447764","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
Joan Robinson: early endogenous growth theorist 琼·罗宾逊，早期内生增长理论家
IF 2 2区 经济学
Cambridge Journal of Economics Pub Date : 2023-08-03 DOI: 10.1093/cje/bead032
C. Oughton, D. Tobin
{"title":"Joan Robinson: early endogenous growth theorist","authors":"C. Oughton, D. Tobin","doi":"10.1093/cje/bead032","DOIUrl":"https://doi.org/10.1093/cje/bead032","url":null,"abstract":"\u0000 We start from Robinson’s article on Harrod’s Dynamic Economics and her criticism that technological change was exogenous: ‘in Mr. Harrod’s world, technical progress falls like the gentle dew from heaven and is not susceptible to any economic influence’. Throughout her work she highlighted the endogenous sources of technological progress and growth and pre-empted both the National Systems of Innovation (NSI) literature and New Growth Theory (NGT), where the latter (NGT) appears to be neither new, nor able to explain innovation, growth and convergence trajectories. We also show that the productivity slowdown in advanced economies is explained by a fall in the wage share, a drop in the rate of accumulation of capital and prioritisation of incentives for R&D over policy instruments to diffuse innovation. While for developing economies, the failure of neoclassical economics to resolve the paradox of promoting market incentives for diffusion, while protecting intellectual property rights, implies an inevitable slowing of convergence.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43184515","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
Bringing freedom back to developmentalism: industrialisation as national independence 让自由回归发展主义：工业化是国家独立
IF 2 2区 经济学
Cambridge Journal of Economics Pub Date : 2023-07-26 DOI: 10.1093/cje/bead030
J. Ahumada
{"title":"Bringing freedom back to developmentalism: industrialisation as national independence","authors":"J. Ahumada","doi":"10.1093/cje/bead030","DOIUrl":"https://doi.org/10.1093/cje/bead030","url":null,"abstract":"\u0000 Why is developmentalism as an economic school aimed at the industrialisation of peripheral nations? Based on a reading of key authors from both the ‘American System of political economy’ of the 19th century and the Latin American structuralist and dependency schools of the 20th century, this article suggests that the answer lies, not in an economic, but in a political dimension: to ensure the material basis for national freedom. To sustain this hypothesis, the article argues that there is a common implicit conception of freedom shared by Alexander Hamilton, Henry Carey and Friedrich List, on the side of the American school, and Fernando Henrique Cardoso, Raúl Prebisch, Celso Furtado and Osvaldo Sunkel, from the Latin American school. This conception is heir to the idea of Machiavelli’s Free State, its core is the notion of liberty as non-dependency and collective autonomy and identifies in industrialisation the way for a periphery to be able to live without depending on the arbitrary will of foreign powers. This definition differs from both the liberal and capability conceptions of freedom and allows for the identification of forms of domination that occur between nations and through the global market that requires the peripheries to erect autonomous collective productive capabilities for their overcoming.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48165480","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 method for measuring rents 一种测量租金的方法
IF 2 2区 经济学
Cambridge Journal of Economics Pub Date : 2023-07-18 DOI: 10.1093/cje/bead025
Arend Stemerding
{"title":"A method for measuring rents","authors":"Arend Stemerding","doi":"10.1093/cje/bead025","DOIUrl":"https://doi.org/10.1093/cje/bead025","url":null,"abstract":"\u0000 A method for measuring rents has practical relevance for society in terms of improving competition, regulation, and taxation. This paper proposes a new way to measure rents for business corporations and at country-level: a method related to a cash flow tax (CFT). Theory, method and a proof of concept are presented and discussed. Publicly available data is used to validate the method, revealing that it yields a better indication of rents and rent-seeking compared to markup, profit, and free cash flow (FCF).","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49404027","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
From bazooka to backstop: the political economy of standing swap facilities 从火箭筒到后盾：常备互换机制的政治经济学
IF 2 2区 经济学
Cambridge Journal of Economics Pub Date : 2023-07-08 DOI: 10.1093/cje/bead027
Mathis L Richtmann, Lea Steininger
{"title":"From bazooka to backstop: the political economy of standing swap facilities","authors":"Mathis L Richtmann, Lea Steininger","doi":"10.1093/cje/bead027","DOIUrl":"https://doi.org/10.1093/cje/bead027","url":null,"abstract":"\u0000 The permanent international lender of last resort consists of a swap line network between six major central banks (C6), centring around the US Federal Reserve. Arguably, this network is a solution to a long-debated problem as it provides public emergency liquidity provision to the world’s largest financial market, the Eurodollar market. Drawing on exclusive interviews with monetary technocrats as well as a textual analysis of Federal Open Market Committee meeting transcripts over the course of 14 years, we reconstruct how this facility came into being. Building on Kalyanpur and Newman (2017) and Braun (2015), we develop an interpretive framework of bricolage to contextualise its formation: in times of crisis, central bankers rely on retrospection, experimentation and creative re-deployment to develop their tools. In non-crisis times, however, the tools that prevail are those that offer what we call ‘bureaucratic familiarity’: the C6 swap line network became a permanent feature of international finance because technocrats had got used to it.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-07-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44285165","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
Premature deindustrialisation: the international evidence 过早去工业化：国际证据
IF 2 2区 经济学
Cambridge Journal of Economics Pub Date : 2023-07-01 DOI: 10.1093/cje/bead023
E. Özçelik, E. Özmen
{"title":"Premature deindustrialisation: the international evidence","authors":"E. Özçelik, E. Özmen","doi":"10.1093/cje/bead023","DOIUrl":"https://doi.org/10.1093/cje/bead023","url":null,"abstract":"\u0000 We examine patterns and globalisation-related causes of premature deindustrialisation (PD) in recent decades, using a large panel of advanced, emerging and developing economies (AE, EME and DE). The results verify the existence of PD in EME and DE, except East Asian countries. African countries have been worst affected by PD. Globalisation-related determinants of PD vary across country groups. While trade openness leads to deindustrialisation in DE; it enhances ‘dependent’ industrialisation in Latin American countries and the ‘factory economies’ of East Asia, which have stronger linkages to global value chains. Financial openness fosters industrialisation in severely finance-constrained economies, whereas it brings about deindustrialisation in financially stronger ones. It is our contention that development possibilities can be expanded by aiming at more intense linkages to global value chains, but proactive industrial policies at the levels of EME and DE are required to achieve such expansion.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45233975","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
Keynes’s theories of the business cycle: evolution and contemporary relevance 凯恩斯的商业周期理论:演变及其当代意义
2区 经济学
Cambridge Journal of Economics Pub Date : 2023-07-01 DOI: 10.1093/cje/bead020
Pablo Gabriel Bortz
{"title":"Keynes’s theories of the business cycle: evolution and contemporary relevance","authors":"Pablo Gabriel Bortz","doi":"10.1093/cje/bead020","DOIUrl":"https://doi.org/10.1093/cje/bead020","url":null,"abstract":"Abstract This paper traces the evolution of John Maynard Keynes’s theory of the business cycle from his early writings in 1913 to his policy prescriptions for the control of fluctuations in the early 1940s. The paper identifies six different ‘theories’ of business fluctuations. With different theoretical frameworks in a 30-year span, the driver of fluctuations, namely cyclical changes in expectations about future returns, remained substantially the same. The banking system also played a pivotal role throughout the different versions, by financing and influencing the behaviour of return expectations. There are four major changes in the evolution of Keynes’s business cycle theories: (i) the saving–investment framework to understand changes in economic fluctuations; (ii) the capabilities of the banking system to moderate the business cycle; (iii) the effectiveness of monetary policy to fine tune the business cycle through the control of the short-term interest rate or credit conditions; and (iv) the role of a comprehensive fiscal policy and investment policy to attenuate fluctuations. Finally, we draw some conclusions about the present relevance of the policy mix Keynes promoted for ensuring macroeconomic stability.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":"218 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136260260","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
Human dignity in organisations: the cooperative ideal 组织中的人的尊严:合作理想
IF 2 2区 经济学
Cambridge Journal of Economics Pub Date : 2023-06-28 DOI: 10.1093/cje/bead022
Cian T. Mcmahon
{"title":"Human dignity in organisations: the cooperative ideal","authors":"Cian T. Mcmahon","doi":"10.1093/cje/bead022","DOIUrl":"https://doi.org/10.1093/cje/bead022","url":null,"abstract":"\u0000 This paper critically evaluates the liberal-humanist critique of neoclassical microeconomics and shareholder-driven corporate governance to articulate a more realistic cooperativist–humanist organisational philosophy of practice. Through an engagement with pluralist heterodox economics, it attempts to reconcile with contemporary concerns and philosophical developments around social ecology and care ethics. Our specific contribution is to develop a microfoundational complement to the macro-relational analysis of leading radical philosophical and political-economic thinkers on the Latin American left. In particular, the worker-inclusive multistakeholder cooperative (MSC) form is arrived at as the ideal firm-level organisation through which to promote diverse human (and non-human) dignity, understood through the lens of an affective-relational ethics of care.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48228272","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
Disentangling the connection between Marx’s ‘sixth’ countertendency to a falling rate of profit and the rise of financialisation 解开马克思关于利润率下降的“第六”反趋势与金融化兴起之间的联系
IF 2 2区 经济学
Cambridge Journal of Economics Pub Date : 2023-06-27 DOI: 10.1093/cje/bead024
Stefano Di Bucchianico, L. Salvati
{"title":"Disentangling the connection between Marx’s ‘sixth’ countertendency to a falling rate of profit and the rise of financialisation","authors":"Stefano Di Bucchianico, L. Salvati","doi":"10.1093/cje/bead024","DOIUrl":"https://doi.org/10.1093/cje/bead024","url":null,"abstract":"\u0000 Marxian economics has been dealing extensively with the issue of falling profitability and its connection with financialisation. One finds in this line of research contributions linking financialisation with the list of counter-elements to the Law of the Tendency of the Rate of Profit to Fall, with financialisation being interpreted as the ‘sixth’. In the past, various authors have either briefly commented on the ‘sixth’ factor or left it aside. We aim to provide an alternative interpretation, based on three elements. First, the role of joint-stock companies’ issuance of long-term financing instruments yielding low remuneration. Second, the fact that sectors such as railways and public utilities, belonging to the category of natural monopolies, are excluded from gravitation towards an average rate of profit. Third, the role of the organic composition of capital in determining differences in sectoral profitability. Therefore, we claim that the sixth element should be read as a reference to natural monopolies remaining outside the field of profit rate equalisation.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45871462","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
Time, equilibrium and uncertainty: Bergson and Robinson 时间、均衡和不确定性:柏格森和罗宾逊
IF 2 2区 经济学
Cambridge Journal of Economics Pub Date : 2023-06-24 DOI: 10.1093/cje/bead019
J. Culham
{"title":"Time, equilibrium and uncertainty: Bergson and Robinson","authors":"J. Culham","doi":"10.1093/cje/bead019","DOIUrl":"https://doi.org/10.1093/cje/bead019","url":null,"abstract":"\u0000 The philosophy of Henri Bergson can lend fresh perspectives on some central aspects of post-Keynesian economic thought. Bergson’s concept of duration offers philosophical reinforcement for Joan Robinson’s criticisms of the treatment of time, equilibrium and uncertainty in economics. When the economy is recognised to be a dynamic living system, in which the accumulation of capital is an historical process inseparable from technical innovation, the effect of time is of utmost importance. Duration provides greater understanding of an economy moving through historical time, while adding depth to Robinson’s doubts about the validity of utility, and consequently expected utility theory. Bergson’s philosophy of evolution and duration provides a valuable basis for understanding many of the classical issues in political economy.","PeriodicalId":48156,"journal":{"name":"Cambridge Journal of Economics","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2023-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44146978","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
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信