Journal of Economic Policy Reform最新文献

{"title":"Competing perspectives on the Big Data revolution: a typology of applications in public policy","authors":"W. Wong, Charles C. Hinnant","doi":"10.1080/17487870.2022.2103701","DOIUrl":"https://doi.org/10.1080/17487870.2022.2103701","url":null,"abstract":"ABSTRACT While the Big Data revolution is transforming public policy, some debates and competing perspectives on the impact of the disruptive technology of Big Data analytics remain. Although trade-offs among objectives are inevitable in Big Data applications, its ultimate impact would depend on the moderating factors, which vary across contexts such as policy areas and national systems. Integrating the literature from multiple disciplines, this article identifies some of the critical moderating factors accounting for the differentials of Big Data impacts and develops a typology of its applications in public policy as a heuristic to understand and reconcile competing perspectives.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"26 1","pages":"268 - 282"},"PeriodicalIF":2.1,"publicationDate":"2022-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47834463","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}

{"title":"Introduction: Revisiting the Role of State-Owned Enterprises in Strategic Sectors","authors":"Maria Vagliasindi, T. Cordella, Judith Clifton","doi":"10.1080/17487870.2022.2080409","DOIUrl":"https://doi.org/10.1080/17487870.2022.2080409","url":null,"abstract":"ABSTRACT A few years after the fall of the Berlin wall, the World Bank published Bureaucrats in Business, an influential report on State-Owned Enterprises (SOEs) that provided a road-map on how to reform - or privatize - those “loss making state-owned-enterprises that are a significant burden on government budgets and […] hinder growth, impede market liberalization and thus both directly and indirectly limit efforts to reduce poverty” (World Bank, 1995, p. ix). Some 25 years later SOEs are still pervasive. This special issue follows up on Bureaucrats in Business, and sheds light on the continued important phenomena of SOEs and attempts to understand what the perception is about the role that SOEs should play both in tranquil and in turbulent times. We firstly set out an overview of the presence of SOEs over time and across sectors and country groups). Because the topic of the role SOEs should play in the economy is influenced by politics, second, we summarize the results of a Delphi study that presents new consensus on SOEs according to experts. Third, we then review the linkages between ownership and performance in the infrastructure and financial sectors. Fourth, we shed light on the new phenomenon of SOEs abroad, and then conclude.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"26 1","pages":"1 - 23"},"PeriodicalIF":2.1,"publicationDate":"2022-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48449559","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}

{"title":"How do State Owned Enterprise Multinationals behave abroad? A Multi-dimensional framework for analysis","authors":"Judith Clifton, Daniel Díaz Fuentes","doi":"10.1080/17487870.2022.2079509","DOIUrl":"https://doi.org/10.1080/17487870.2022.2079509","url":null,"abstract":"ABSTRACT Though State-Owned Multinational Enterprises (SOMNEs) make up around 15% of the world´s largest non-financial Multinational Enterprises (MNEs), little is known about why State-Owned Enterprises (SOEs) internationalize and how they behave once abroad. Whilst some scholars have claimed SOMNEs tend to behave as their private MNE counterparts, other scholars state SOMNEs transfer their “public mission” abroad. This article presents a novel, multi-dimensional framework designed to facilitate comparing the behaviour of SOEs and private enterprises abroad in the field of infrastructure.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"26 1","pages":"67 - 81"},"PeriodicalIF":2.1,"publicationDate":"2022-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45531046","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}

{"title":"State-owned commercial banks","authors":"U. Panizza","doi":"10.1080/17487870.2022.2076678","DOIUrl":"https://doi.org/10.1080/17487870.2022.2076678","url":null,"abstract":"ABSTRACT This paper builds a new dataset on bank ownership and finds no evidence of a negative correlation between state-ownership of banks and economic growth. Banking crises predict increases in state-ownership but that there is no evidence that high state-ownership predicts banking crises. Contrary to past literature, the paper also shows that recent data show no difference between the profitability of private and public banks located in emerging and developing economies. The paper corroborates the existing literature which shows that in emerging and developing economies lending by state-owned banks is less procyclical than private bank lending.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"26 1","pages":"44 - 66"},"PeriodicalIF":2.1,"publicationDate":"2022-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47588069","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}

{"title":"Does Innovation by Firms Still Create Jobs even after the Business Stealing Effect at the Sector Level?","authors":"Jisun Lim, Keun Lee","doi":"10.1080/17487870.2022.2076680","DOIUrl":"https://doi.org/10.1080/17487870.2022.2076680","url":null,"abstract":"ABSTRACT The literature on innovation and employment has not provided theory-consistent results about the question of whether innovation by firms would still create jobs after the canceling out by a negative or business stealing effect and a positive spillover effect at the sector level. This study addresses this issue using Korean firm and sector data over a long-term period. Beyond the consensus results by firm-level analyses, this study also produces the sector-level results confirming the significant and positive long-term effects of product innovation, as well as no significant effects of process innovation, on the net employment growth of a sector.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"26 1","pages":"97 - 125"},"PeriodicalIF":2.1,"publicationDate":"2022-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43313631","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}

{"title":"State-owned enterprises: in search for a new consensus","authors":"Eduardo Levy Yeyati, J. Negri","doi":"10.1080/17487870.2022.2076679","DOIUrl":"https://doi.org/10.1080/17487870.2022.2076679","url":null,"abstract":"ABSTRACT The objective of this study is to identify whether there is a contemporary consensus on the role of SOEs in different countries on selected issues, through the view of experts around the globe. We conducted a survey to formulate prospective forecasts of the evolution of the role of SOE and to summarize the state of knowledge. Here we present a selection of the results obtained, with an emphasis on identifying consensus on SOE governance and conflicting goals. Because of that, the qualitative approach adopted in this paper is a natural complement to the more quantitative ones. We find that guaranteeing autonomy from state authorities and transparency in SOEs management are the most important challenges that public firms currently face.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"26 1","pages":"82 - 96"},"PeriodicalIF":2.1,"publicationDate":"2022-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44193420","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}

{"title":"Public-Private Co-Regulation in the making of the capital markets union","authors":"Giuseppe Montalbano","doi":"10.1080/17487870.2022.2076677","DOIUrl":"https://doi.org/10.1080/17487870.2022.2076677","url":null,"abstract":"ABSTRACT This contribution investigates the conditions and dynamics of a public-private regulatory partnership in the making of the Capital Markets Union. According to our argument, structural interdependence and the strategic use of market narratives in a low salient policy domain allowed the EU financial industry to frame their interests as a solution to Europe’s missing recovery. Under the pressures of the Eurozone crisis and the EMU constraints, the goals of critical financial industry sectors and EU policy-makers met together, leading to a renewed regulatory cooperation. Such a mechanism is unveiled through a process-tracing case-study analysis on the EU covered bonds framework.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"26 1","pages":"199 - 215"},"PeriodicalIF":2.1,"publicationDate":"2022-05-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48808348","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}

{"title":"Editorial: The Unresolved Nature of Public-Private Partnerships","authors":"Matti Siemiatycki, Eoin Reeves, D. Palcic","doi":"10.1080/17487870.2022.2080408","DOIUrl":"https://doi.org/10.1080/17487870.2022.2080408","url":null,"abstract":"Over the past three decades, public-private partnerships (PPPs) have swept the world as the preferred approach to deliver large, complex infrastructure projects. Globally, trillions of dollars of infrastructure have been provided through PPPs that bundle some combination of infrastructure design, construction, financing, operations and maintenance into a single concession contract. The rationale for using PPPs has varied by jurisdiction and evolved over time, but in general can be grouped into two global waves. In the first wave between the early 1990s and the mid 2000s, PPPs were motivated by cash strapped governments looking to fund much needed infrastructure through private money, in a way that would be off balance sheet and therefore not count as part of the public debt. The discourse around PPPs during this period was also highly ideological, framed by proponents as a way to empower the market-driven private sector that was inherently more efficient than government and their frequent reliance on unionized labour. After years of pitched ideological battles, a second wave of PPPs emerged in the mid 2000s that were more specifically motivated by technical objectives. PPPs were widely rebranded as an approach to deliver value for money. Particularly important was a desire to transfer major project risks from government where cost overruns, delays and poor maintenance were all too common to the private sector. PPPs were proposed as pay for performance contracts that would lock-in funding to pay for long-term facility maintenance, an area that governments often shirk after shiny mega-projects open. Additionally, spurring private sector led innovation became an important goal for PPPs that would lower costs and improve the benefits for users. Alongside trillions of dollars of infrastructure delivered through PPP models, PPPs have become an object of intense study. Over the years, hundreds, and more likely thousands of academic papers and more than a dozen books have been written examining all aspects of PPPs: engineering, legal, accounting, finance, urban planning, public administration, political science, and economics. Through this interdisciplinary body of literature, it is now widely recognized that PPPs are both a technical approach to project delivery and a political tool for statecraft. Nevertheless, despite all the infrastructure money invested through PPPs over decades and the intense research attention, some basic, fundamental questions remain largely unanswered. Do PPPs deliver value for money (if the concept can even be defined)? Do PPPs effectively spur innovation and transfer risk? Do they provide better outcomes than alternative procurement approaches? Who wins and who loses from PPP? To what extent are PPPs a language game designed to rebrand efforts to expand the role of the private sector into everyday life? JOURNAL OF ECONOMIC POLICY REFORM 2022, VOL. 25, NO. 2, 81–84 https://doi.org/10.1080/17487870.2022.2080408","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"25 1","pages":"81 - 84"},"PeriodicalIF":2.1,"publicationDate":"2022-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42755237","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}

{"title":"Editorial: Distributional Effects of Monetary Policy","authors":"P. Arestis, S. Pérez-Moreno","doi":"10.1080/17487870.2021.1997748","DOIUrl":"https://doi.org/10.1080/17487870.2021.1997748","url":null,"abstract":"policy” analyses the income distributional effect of monetary policy in the UK during the period 1993–2019, comparing the distributional impact of the conventional and unconventional monetary policy applied during the 1993–2008 and 2009–2019 periods, respectively. They explore the role of income composition and earnings heterogeneity as empirically relevant transmission channels of the distributional impact of monetary policy. While during the conventional monetary policy period (1993–2008) the effect of expansionary monetary policy on income inequality is non-conclusive, they conclude that the unconventional monetary policy shocks increased income inequality during the 2009–2019 period. This is primarily related to stock market gains of the upper part of income distribution because of the Quantitative Easing programs implemented during the decade of 2010s. These implications on income inequality, which differ from the results obtained in some other previous studies, lead the authors to warn of similar results expected as a consequence of the Bank of England’s measures in response to the Covid-19 disruption.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"25 1","pages":"415 - 419"},"PeriodicalIF":2.1,"publicationDate":"2022-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48749105","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}

{"title":"Harnessing remittances for the poor: the role of institutions","authors":"Eric Akobeng","doi":"10.1080/17487870.2021.1976178","DOIUrl":"https://doi.org/10.1080/17487870.2021.1976178","url":null,"abstract":"ABSTRACT This paper investigates the direct effect of institutions on poverty and explores whether the remittances and poverty link can be strengthened by institutions in Sub-Saharan Africa. The results suggest that a country characterized by sound financial development and good and stable government with systems to control corruption and attract investment will provide the enabling environment to reduce the rate, depth and severity of poverty. Such quality institutional attributes reinforce the effectiveness of international remittances in reducing poverty.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"26 1","pages":"160 - 176"},"PeriodicalIF":2.1,"publicationDate":"2021-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43763186","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}