Journal of Comparative Economics最新文献_第5页

Politician’s childhood experience and government policies: Evidence from the Chinese Great Famine 政治家的童年经历与政府政策：中国大饥荒的证据

IF 2.7 2区经济学

Journal of Comparative Economics Pub Date : 2023-11-29 DOI: 10.1016/j.jce.2023.11.006

Cheng Li , Le Wang , Junsen Zhang

{"title":"Politician’s childhood experience and government policies: Evidence from the Chinese Great Famine","authors":"Cheng Li , Le Wang , Junsen Zhang","doi":"10.1016/j.jce.2023.11.006","DOIUrl":"10.1016/j.jce.2023.11.006","url":null,"abstract":"<div><p><span>We analyze the impact of a politician’s childhood experience on their policy choices. By exploiting exogenous variations in exposure to China’s Great Famine, we find that a provincial leader’s childhood experience of the famine significantly increases the share of government expenditure allocated to health care during his term. This effect is observed only for those who were aged under five during the famine and is not found among older cohorts. The impact is substantial: our back-of-the-envelope calculation indicates that an increase of one </span>standard deviation in exposure to the famine can lead to an increase of roughly 7.84 billion RMB (equivalent to about 1.19 billion US Dollars) in annual provincial health care expenditure for a province with average government spending in 2017. We provide evidence suggesting that this effect may be driven by a politician’s personal experience of negative health outcomes due to the famine. Furthermore, we observe that China’s political promotion system, which favors economic growth, incentivizes provincial leaders to counterbalance increased health care spending by reducing funding for less visible public services, particularly cultural activities. Such strategic allocations ensure the continuity of other policy areas that are more influential in their political career.</p></div>","PeriodicalId":48183,"journal":{"name":"Journal of Comparative Economics","volume":null,"pages":null},"PeriodicalIF":2.7,"publicationDate":"2023-11-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139296598","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

Institutions, abilities, and the allocation of talent: Evidence from Russian regions 制度、能力和人才分配:来自俄罗斯地区的证据

IF 2.7 2区经济学

Journal of Comparative Economics Pub Date : 2023-11-22 DOI: 10.1016/j.jce.2023.11.003

Michael Alexeev , Timur Natkhov , Leonid Polishchuk

引用次数: 0

The (dis)connection between R&D and productivity in China: Policy implications of R&D tax credits 中国研发与生产力之间的（非）联系：研发税收抵免的政策影响

IF 2.7 2区经济学

Journal of Comparative Economics Pub Date : 2023-11-22 DOI: 10.1016/j.jce.2023.11.004

Qing Liu , Larry D. Qiu , Xing Wei , Chaoqun Zhan

{"title":"The (dis)connection between R&D and productivity in China: Policy implications of R&D tax credits","authors":"Qing Liu , Larry D. Qiu , Xing Wei , Chaoqun Zhan","doi":"10.1016/j.jce.2023.11.004","DOIUrl":"https://doi.org/10.1016/j.jce.2023.11.004","url":null,"abstract":"<div><p>We use Chinese firm-level data from 2001 to 2007 to estimate the (dis)connection between firms’ R&D and productivity and find that the productivity effect of R&D investment is very low. We conjecture that firms conduct/report unproductive R&D in order to obtain policy benefits. To explore this plausible misconduct, we investigate the effects of China's 2003 R&D tax reform on firms’ R&D investment. The reform generates exogenous treatment variations across firm ownerships for causal identification. We find that the reform has statistically significant and positive effects on firms’ R&D investments. Quantitatively, the reform raises firms’ R&D investments by 6.68 % and the estimated R&D elasticity of tax deduction for private firms is 0.9147, which is comparable to other countries. However, our further empirical results indicate that the policy-induced R&D is less efficient in promoting firms’ productivity than the spontaneous R&D. We provide evidence of firms’ relabeling non-R&D expenses to R&D expenses, which partly explains the inefficiency of R&D investment.</p></div>","PeriodicalId":48183,"journal":{"name":"Journal of Comparative Economics","volume":null,"pages":null},"PeriodicalIF":2.7,"publicationDate":"2023-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139986178","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

Hukou Matters: The heterogeneous local labor market effects of export expansions in China 户口问题：中国扩大出口对当地劳动力市场的异质性影响

IF 2.7 2区经济学

Journal of Comparative Economics Pub Date : 2023-11-17 DOI: 10.1016/j.jce.2023.11.005

Shuaizhang Feng , Jingliang Lu , Leilei Shen

引用次数: 0

Law and economic behaviour 法律与经济行为

IF 2.7 2区经济学

Journal of Comparative Economics Pub Date : 2023-11-11 DOI: 10.1016/j.jce.2023.11.001

Ranoua Bouchouicha , Olivier L’Haridon , Ferdinand M. Vieider

{"title":"Law and economic behaviour","authors":"Ranoua Bouchouicha , Olivier L’Haridon , Ferdinand M. Vieider","doi":"10.1016/j.jce.2023.11.001","DOIUrl":"10.1016/j.jce.2023.11.001","url":null,"abstract":"<div><p>Preferences play a key role in economic models as drivers of behaviour. Recent contributions have started to model preferences as endogenously determined. This creates two fundamental issues for empirical research. The first concerns the determinants of preferences. The second concerns the effect of preferences on economic outcomes, which become difficult to quantify once preferences are endogenous. We explore the extent to which the prevalence of risk tolerance across countries is endogenously determined by the legal and institutional environment of a country, and whether this behavioural trait in turn contributes to shaping the aggregate entrepreneurship rate. To do so, we rely on structural equation modelling, where the direction of causality arises from the underlying model assumed to construct the equations. Data fit to the model serve to determine whether the underlying causal model presents a plausible representation of the empirical facts. We find that legal origins exert a strong effect on risk tolerance. We further document an indirect effect of legal origins on entrepreneurship rates passing through risk preferences. These findings illustrate the pervasiveness of the effect of legal origins on economic behaviour.</p></div>","PeriodicalId":48183,"journal":{"name":"Journal of Comparative Economics","volume":null,"pages":null},"PeriodicalIF":2.7,"publicationDate":"2023-11-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135615660","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 effects of superstition on firms' investment behavior: Evidence from Vietnam, an irreligious country✰ 迷信对企业投资行为的影响：来自无宗教信仰国家越南的证据✰

IF 2.7 2区经济学

Journal of Comparative Economics Pub Date : 2023-11-11 DOI: 10.1016/j.jce.2023.11.002

Dai Van Pham

引用次数: 0

Caselaw and England's economic performance during the Industrial Revolution: Data and evidence 工业革命期间的判例法与英格兰的经济表现：数据与证据

IF 2.7 2区经济学

Journal of Comparative Economics Pub Date : 2023-11-02 DOI: 10.1016/j.jce.2023.10.002

Peter Grajzl , Peter Murrell

{"title":"Caselaw and England's economic performance during the Industrial Revolution: Data and evidence","authors":"Peter Grajzl , Peter Murrell","doi":"10.1016/j.jce.2023.10.002","DOIUrl":"10.1016/j.jce.2023.10.002","url":null,"abstract":"<div><p>We generate and analyze data pertinent to examining whether developments in caselaw were consequential for England's economic performance during the Industrial Revolution. Applying topic modeling to a corpus of 67,455 reports on English court cases, we construct annual time series of caselaw developments between 1765 and 1865. We then add a real per-capita GDP series to our caselaw series and estimate a structural VAR featuring a linear time trend. Our evidence shows that caselaw developments were an important determinant of economic fluctuations. Caselaw shocks jointly account for more of the variability in per-capita GDP around its long-term trend than do shocks directly to per-capita GDP. The response of per-capita GDP to caselaw innovations critically depends on the legal domain. Developments in caselaw on intellectual property, organizations, debt and finance, and inheritance boosted economic performance while developments in property and ecclesiastical caselaw had negative effects on per-capita GDP. Our analysis uncovers a 'bleak-law era' when the legal system misallocated attention between output-promoting and output-hindering areas of law.</p></div>","PeriodicalId":48183,"journal":{"name":"Journal of Comparative Economics","volume":null,"pages":null},"PeriodicalIF":2.7,"publicationDate":"2023-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135371056","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

Trust we lost: The impact of the Treuhand experience on political alienation in East Germany 我们失去的信任Treuhand 的经历对东德政治疏离的影响

IF 2.7 2区经济学

Journal of Comparative Economics Pub Date : 2023-10-16 DOI: 10.1016/j.jce.2023.10.001

Kim Leonie Kellermann

引用次数: 0

Rethinking fiscal rules 重新思考财政规则

IF 2.7 2区经济学

Journal of Comparative Economics Pub Date : 2023-09-01 DOI: 10.1016/j.jce.2023.02.005

Luis Carranza-Ugarte , Julián Díaz-Saavedra , Jose Enrique Galdon-Sanchez