European Journal of Political Economy最新文献_第3页

Inequality aversion and government health expenditure 不平等厌恶与政府医疗支出

IF 2.3 3区经济学

European Journal of Political Economy Pub Date : 2024-09-01 DOI: 10.1016/j.ejpoleco.2023.102425

{"title":"Inequality aversion and government health expenditure","authors":"","doi":"10.1016/j.ejpoleco.2023.102425","DOIUrl":"10.1016/j.ejpoleco.2023.102425","url":null,"abstract":"<div><p><span>This paper explores a behavioural mechanism through which income inequality may be associated with population health. We consider a model with heterogeneous agents in which agents' preferences are characterized by income inequality aversion. Our analysis shows that spending on health-producing goods is inversely related to the agents’ degree of inequality aversion. A </span><em>Veblenesque</em> mechanism drives this relation: inequality averse poor agents wish to enjoy consumption levels closer to the average consumption levels in the economy but can only do so by reducing their expenditures on health. This leads to adverse outcomes for individuals and adverse political economy implications for health. In the political economy context, agents characterized by high inequality aversion vote for lower levels of government health spending. To specifically test this mechanism, we construct empirical measures of inequality aversion. Then, using these measures for a panel of 147 countries spanning 2008–2019, we find a significant negative impact of inequality aversion on allocations of public spending for healthcare. These results remain robust to different model specifications.</p></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":2.3,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46863528","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

Fiscal rules, capital controls, and cross-border financial integration 财政规则、资本管制和跨境金融一体化

IF 2.3 3区经济学

European Journal of Political Economy Pub Date : 2024-08-30 DOI: 10.1016/j.ejpoleco.2024.102594

{"title":"Fiscal rules, capital controls, and cross-border financial integration","authors":"","doi":"10.1016/j.ejpoleco.2024.102594","DOIUrl":"10.1016/j.ejpoleco.2024.102594","url":null,"abstract":"<div><p>This paper shows that adopting fiscal rules (FRs) decreases the use of capital controls and increases cross-border financial integration. This result is robust to alternative measures of fiscal rules, capital controls, and international financial integration — it is also robust to alternative econometric approaches. It also shows that the adoption of fiscal rules increases financial integration. This paper innovatively employs a formal instrumental variables (IV) approach to tackle the endogeneity of the decision to adopt fiscal rules. The adoption of FRs is instrumented using the age dependency ratio (ADR). This strategy is particularly effective because adopting FRs is more likely when the ADR is relatively low, a finding well established in the empirical literature. Governments impose capital controls to channel domestic savings into the public sector, finance their excessive fiscal deficits, and reduce their borrowing costs. However, the uncertainty over the government's future fiscal policies may lead to capital flight. FRs ‘tie the hands’ of governments and induce them to commit themselves to fiscal discipline. Moreover, FRs can also reduce the government's borrowing costs. These effects of FRs render capital controls less necessary and lead policymakers to lift capital controls, resulting in higher cross-border financial integration.</p></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":2.3,"publicationDate":"2024-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142099460","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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 grass is always greener on the other side: (Unfair) inequality and support for democracy 另一边的草总是更绿：（不公平的）不平等与对民主的支持

IF 2.3 3区经济学

European Journal of Political Economy Pub Date : 2024-08-30 DOI: 10.1016/j.ejpoleco.2024.102600

引用次数: 0

Political institutions and output collapses 政治机构和产出崩溃

IF 2.3 3区经济学

European Journal of Political Economy Pub Date : 2024-08-29 DOI: 10.1016/j.ejpoleco.2024.102573

引用次数: 0

Modeling the presidential approval ratings of the United States using machine-learning: Does climate policy uncertainty matter? 利用机器学习建立美国总统支持率模型：气候政策的不确定性重要吗？

IF 2.3 3区经济学

European Journal of Political Economy Pub Date : 2024-08-28 DOI: 10.1016/j.ejpoleco.2024.102602

{"title":"Modeling the presidential approval ratings of the United States using machine-learning: Does climate policy uncertainty matter?","authors":"","doi":"10.1016/j.ejpoleco.2024.102602","DOIUrl":"10.1016/j.ejpoleco.2024.102602","url":null,"abstract":"<div><p>In the wake of a massive thrust on designing policies to tackle climate change, we study the role of climate policy uncertainty in impacting the presidential approval ratings of the United States (US). We control for other policy related uncertainties and geopolitical risks, over and above macroeconomic and financial predictors used in earlier literature on drivers of approval ratings of the US president. Because we study as many as 19 determinants, and nonlinearity is a well-established observation in this area of research, we utilize random forests, a machine-learning approach, to derive our results over the monthly period of 1987:04 to 2023:12. We find that, though the association of the presidential approval ratings with climate policy uncertainty is moderately negative and nonlinear, this type of uncertainty is in fact relatively more important than other measures of policy-related uncertainties, as well as many of the widely-used macroeconomic and financial indicators associated with presidential approval. More importantly, we also show that the importance of climate policy uncertainty for the approval ratings of the US president has grown in recent years.</p></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":2.3,"publicationDate":"2024-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142099235","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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

When citizens legalize drugs 当公民将毒品合法化时

IF 2.3 3区经济学

European Journal of Political Economy Pub Date : 2024-08-22 DOI: 10.1016/j.ejpoleco.2024.102599

引用次数: 0

Self-benefits, fiscal risk, and political support for the public healthcare system 公共医疗系统的自身利益、财政风险和政治支持

IF 2.3 3区经济学

European Journal of Political Economy Pub Date : 2024-08-08 DOI: 10.1016/j.ejpoleco.2024.102597

{"title":"Self-benefits, fiscal risk, and political support for the public healthcare system","authors":"","doi":"10.1016/j.ejpoleco.2024.102597","DOIUrl":"10.1016/j.ejpoleco.2024.102597","url":null,"abstract":"<div><p>The rapid aging of the population has become increasingly challenging for public healthcare systems. To ensure sustainability, governments must persuade their citizens to accept a larger burden, which is a difficult task. This study explored whether informing individuals of self-benefits from the healthcare system could be a solution. We first constructed a two-period overlapping generations model and hypothesized that doing so could facilitate political support for larger healthcare insurance contributions; however, this effect is reduced when people are concerned about fiscal sustainability due to a declining fertility rate. To test these hypotheses, we conducted an online survey experiment in Japan, in which the treatment group was informed of the benefits from the public healthcare system. We found that the treatment had no effect on average but augmented support for a larger burden among respondents who were unaware of fiscal unsustainability. Furthermore, this positive effect on optimistic respondents reduced once they were informed of the fiscal risks. Moreover, we analyzed the heterogeneity of the treatment effects depending on time and risk preferences.</p></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":2.3,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0176268024000995/pdfft?md5=b40d8f328136f25212573b6f13ed6d5e&pid=1-s2.0-S0176268024000995-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141978978","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The value of national defense: Assessing public preferences for defense policy options 国防的价值：评估公众对国防政策选择的偏好

IF 2.3 3区经济学

European Journal of Political Economy Pub Date : 2024-08-05 DOI: 10.1016/j.ejpoleco.2024.102595

引用次数: 0

Electoral incentives to target investment in roads: Evidence from Italian municipalities 针对道路投资的选举激励：来自意大利市政当局的证据

IF 2.3 3区经济学

European Journal of Political Economy Pub Date : 2024-08-01 DOI: 10.1016/j.ejpoleco.2024.102589

引用次数: 0

Explaining the stringency of environmental policies: Domestic determinants or international policy coordination? 解释环境政策的严格性：国内决定因素还是国际政策协调？

IF 2.3 3区经济学

European Journal of Political Economy Pub Date : 2024-07-29 DOI: 10.1016/j.ejpoleco.2024.102596

{"title":"Explaining the stringency of environmental policies: Domestic determinants or international policy coordination?","authors":"","doi":"10.1016/j.ejpoleco.2024.102596","DOIUrl":"10.1016/j.ejpoleco.2024.102596","url":null,"abstract":"<div><p>This paper examines how and to what extent spatial interactions among EU national governments affect the stringency of environmental policies (EP). We innovate on the literature along three dimensions: 1) we evaluate the spatial interactions across countries to assess the “interaction dividend” associated with international treaties; 2) we better examine how political and institutional variables shape EP when such interactions are taken into account; 3) we identify the type of EP for which these interactions play a more relevant role by considering for the first time the new EPS21 disaggregated indexes of policy stringency. In a sample of 21 European countries between 2000 and 2018, a benchmark model shows that, among country-specific effects, proxies for the industries' lobbying power, quality of governance, government's ideology, decentralization and the urbanization rate of voters play important roles. When the model consider spatial interactions among countries, the estimates reveal that between 1/3 and more than one-half of a country's commitment to <span>EP</span> can be attributed to positive spillover effects from other countries, depending on the type of policy, with more prominent effects in technology support policies. These results reinforce the need of supranational coordination through international organizations and treaties.</p></div>","PeriodicalId":51439,"journal":{"name":"European Journal of Political Economy","volume":null,"pages":null},"PeriodicalIF":2.3,"publicationDate":"2024-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142011295","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"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