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Journal of Economic Policy Reform最新文献

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Introduction to “Economic and Financial Governance in the European Union after a decade of Economic and Political Crises.” “十年经济和政治危机后欧盟的经济和金融治理”导言。
IF 2.1 3区 经济学
Journal of Economic Policy Reform Pub Date : 2020-06-16 DOI: 10.1080/17487870.2020.1762599
Valerie J. D’Erman, P. Schure, A. Verdun
{"title":"Introduction to “Economic and Financial Governance in the European Union after a decade of Economic and Political Crises.”","authors":"Valerie J. D’Erman, P. Schure, A. Verdun","doi":"10.1080/17487870.2020.1762599","DOIUrl":"https://doi.org/10.1080/17487870.2020.1762599","url":null,"abstract":"ABSTRACT This paper offers the Introduction to the Special Issue “Economic and Financial Governance in the European Union after a decade of Economic and Political Crises.” We introduce the five papers. We distill three important lessons they offer for EU integration.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"23 1","pages":"267 - 272"},"PeriodicalIF":2.1,"publicationDate":"2020-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1762599","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48374019","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: 7
The impact of economic and policy uncertainty shocks in Spain 西班牙经济和政策不确定性冲击的影响
IF 2.1 3区 经济学
Journal of Economic Policy Reform Pub Date : 2020-06-16 DOI: 10.1080/17487870.2020.1760100
Juan-Francisco Albert, Nerea Gómez-Fernández
{"title":"The impact of economic and policy uncertainty shocks in Spain","authors":"Juan-Francisco Albert, Nerea Gómez-Fernández","doi":"10.1080/17487870.2020.1760100","DOIUrl":"https://doi.org/10.1080/17487870.2020.1760100","url":null,"abstract":"ABSTRACT The purpose of this research is to quantify the impact of economic uncertainty shocks in Spain by using a structural vector autoregression (SVAR) approach with data from the first quarter of 2001 until the first quarter of 2018. Specifically, we analyze temporary and persistent economic and policy uncertainty shocks. Our results suggest that positive economic and political uncertainty shocks lead to an increase in unemployment and declines in consumption, investment, IBEX 35 index, and GDP. Based on our results, we can conclude that economic and policy uncertainty shocks have a significant negative impact on the Spanish economy.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"24 1","pages":"270 - 291"},"PeriodicalIF":2.1,"publicationDate":"2020-06-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1760100","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46288986","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: 2
Institutional Economics and the Cost of Capital for Infrastructure Projects 制度经济学与基础设施项目的资本成本
IF 2.1 3区 经济学
Journal of Economic Policy Reform Pub Date : 2020-06-13 DOI: 10.1080/17487870.2020.1768856
R. Geddes, Josh Goldman
{"title":"Institutional Economics and the Cost of Capital for Infrastructure Projects","authors":"R. Geddes, Josh Goldman","doi":"10.1080/17487870.2020.1768856","DOIUrl":"https://doi.org/10.1080/17487870.2020.1768856","url":null,"abstract":"ABSTRACT The growing use of public-private partnerships (PPPs) in infrastructure delivery has rekindled the public versus private cost-of-capital debate. Early debate concluded that the social cost of public-sector capital is below that of private capital because risk can be spread across numerous taxpayers. Intervening research focused on the agency costs that arise due to increased separation between equity holders and managers and the various mechanisms to control those agency costs. We analyze differences in public versus private residual claims and their associated agency costs. We conclude that earlier discussions that omitted agency-cost analysis should be revisited.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"25 1","pages":"85 - 102"},"PeriodicalIF":2.1,"publicationDate":"2020-06-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1768856","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48272699","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: 2
The politicization of public–private partnerships following a mega-project disaster: the case of the Morandi Bridge Collapse 大型项目灾难后公私合作关系的政治化:莫兰迪大桥倒塌的案例
IF 2.1 3区 经济学
Journal of Economic Policy Reform Pub Date : 2020-05-13 DOI: 10.1080/17487870.2020.1760101
Niccolò Cusumano, Matti Siemiatycki, V. Vecchi
{"title":"The politicization of public–private partnerships following a mega-project disaster: the case of the Morandi Bridge Collapse","authors":"Niccolò Cusumano, Matti Siemiatycki, V. Vecchi","doi":"10.1080/17487870.2020.1760101","DOIUrl":"https://doi.org/10.1080/17487870.2020.1760101","url":null,"abstract":"ABSTRACT Drawing on the collapse of Morandi bridge (Genoa, Italy) exemplar and unique case and by applying a content analysis to the declarations made by politicians in the subsequent months after the tragedy, the paper highlights how longstanding debates about the relative merits of concessions vis a vis direct public operations can become the terrain of intense political contestation in the wake of a public tragedy. In particular, it shows how PPPs predicated on transferring risks to the partner best able to manage them create opportunities for blame shifting by politicians, bureaucracies and firms when failures occur.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"25 1","pages":"173 - 189"},"PeriodicalIF":2.1,"publicationDate":"2020-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1760101","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48549361","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: 6
A global perspective on industry 4.0 and development: new gaps or opportunities to leapfrog? 工业4.0与发展的全球视角:新的差距还是跨越的机遇?
IF 2.1 3区 经济学
Journal of Economic Policy Reform Pub Date : 2020-05-07 DOI: 10.1080/17487870.2020.1727322
Annalisa Primi, Manuel Toselli
{"title":"A global perspective on industry 4.0 and development: new gaps or opportunities to leapfrog?","authors":"Annalisa Primi, Manuel Toselli","doi":"10.1080/17487870.2020.1727322","DOIUrl":"https://doi.org/10.1080/17487870.2020.1727322","url":null,"abstract":"ABSTRACT This paper contributes to the debate on digitalisation and development focusing on industrial organisation and production processes. It analyses the evolution of the global development landscape since the 1990s and provides a taxonomy of channels through which Industry 4.0 is redefining the patterns of value creation and appropriation. It clarifies the impacts of these changes on developing economies and presents policy options to avoid that Industry 4.0 becomes another and even greater source of development gaps within and between countries.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"23 1","pages":"371 - 389"},"PeriodicalIF":2.1,"publicationDate":"2020-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1727322","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47558450","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: 15
Agrarian reform and usufruct farming in socialist Cuba 社会主义古巴的土地改革与用益农业
IF 2.1 3区 经济学
Journal of Economic Policy Reform Pub Date : 2020-05-07 DOI: 10.1080/17487870.2019.1683010
C. Mesa-Lago, Mario A. González‐Corzo
{"title":"Agrarian reform and usufruct farming in socialist Cuba","authors":"C. Mesa-Lago, Mario A. González‐Corzo","doi":"10.1080/17487870.2019.1683010","DOIUrl":"https://doi.org/10.1080/17487870.2019.1683010","url":null,"abstract":"ABSTRACT This article analyzes the evolution, progress, and hurdles of usufruct farming in Cuba since its inception in 2008, as well as its impact on agricultural output, exports, and imports. It contributes to the existing literature based on the results of a field survey that provides the principal socioeconomic characteristics of usufruct farmers. The study concludes that despite some progress, Cuba’s usufruct contends with substantial challenges that limit its growth and potential economic contributions. Addressing these challenges is of the utmost economic and strategic importance for usufruct farming to achieve tangible improvements and raise the living standards of the Cuban people.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"24 1","pages":"119 - 133"},"PeriodicalIF":2.1,"publicationDate":"2020-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1683010","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43507319","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: 6
The fourth industrial revolution, changing global value chains and industrial upgrading in emerging economies 第四次工业革命、全球价值链变革和新兴经济体产业升级
IF 2.1 3区 经济学
Journal of Economic Policy Reform Pub Date : 2020-05-07 DOI: 10.1080/17487870.2020.1735386
Keun Lee, F. Malerba, Annalisa Primi
{"title":"The fourth industrial revolution, changing global value chains and industrial upgrading in emerging economies","authors":"Keun Lee, F. Malerba, Annalisa Primi","doi":"10.1080/17487870.2020.1735386","DOIUrl":"https://doi.org/10.1080/17487870.2020.1735386","url":null,"abstract":"ABSTRACT The 4IR can open windows of opportunity for emerging economies but also raises red flags in terms of the main challenges that these changes pose to firms, industrial systems and policy approaches. Benefiting from it will not be automatic, as these economies suffer from several gaps that hamper their possibility to operate in a digital industrial landscape. However, with a capable entrepreneurial state, developing economies could use the ongoing uncertain and fast-changing scenario to fast track their development. As partnerships become more relevant for innovations due to technological convergence, competition policies and standards to avoid monopolistic positions and excessive concentration are needed to maintain the space for bottom-up innovation.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"23 1","pages":"359 - 370"},"PeriodicalIF":2.1,"publicationDate":"2020-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1735386","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47058562","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: 44
The effects of IMF programs on poverty, income inequality and social expenditure in low income countries: an empirical analysis IMF项目对低收入国家贫困、收入不平等和社会支出的影响:一项实证分析
IF 2.1 3区 经济学
Journal of Economic Policy Reform Pub Date : 2020-05-01 DOI: 10.1080/17487870.2019.1689360
G. Bird, Faryal Qayum, D. Rowlands
{"title":"The effects of IMF programs on poverty, income inequality and social expenditure in low income countries: an empirical analysis","authors":"G. Bird, Faryal Qayum, D. Rowlands","doi":"10.1080/17487870.2019.1689360","DOIUrl":"https://doi.org/10.1080/17487870.2019.1689360","url":null,"abstract":"ABSTRACT This paper examines the effect of IMF programs on poverty, income inequality and government expenditure on education and health. It distinguishes between non-concessional and concessional programs and examines the effect of contingent factors; program completion, IMF resources, the size of the initial economic problems and aid dependency. Our findings suggest that, in general, IMF programs have not significantly increased poverty and income inequality; in some instances they are associated with reduced poverty and income inequality. Moreover, we find little evidence that IMF programs lead to severe cuts in social expenditure.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"24 1","pages":"170 - 188"},"PeriodicalIF":2.1,"publicationDate":"2020-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1689360","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48134099","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: 7
Institutional quality, corruption, and impartiality: the role of process and outcome for citizen trust in public administration in 173 European regions 制度质量、腐败和公正性:173个欧洲地区公共行政过程和结果对公民信任的作用
IF 2.1 3区 经济学
Journal of Economic Policy Reform Pub Date : 2020-05-01 DOI: 10.1080/17487870.2020.1719103
S. Van de Walle, K. Migchelbrink
{"title":"Institutional quality, corruption, and impartiality: the role of process and outcome for citizen trust in public administration in 173 European regions","authors":"S. Van de Walle, K. Migchelbrink","doi":"10.1080/17487870.2020.1719103","DOIUrl":"https://doi.org/10.1080/17487870.2020.1719103","url":null,"abstract":"ABSTRACT We empirically study whether citizens´ trust in public administration is influenced by the outcomes delivered by public services or by due process (administrative impartiality or absence of corruption) from a regional perspective. The paper fits a multilevel model on a unique dataset (N= 129,773) with observations nested in 173 European regions, using data from a series of pooled Eurobarometer surveys and from the European Quality of Government Index. We find that both public service outcomes and processes have a significant impact on citizens´ trust in public administration, but that process, and in particular absence of corruption is the strongest institutional determinant.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"25 1","pages":"9 - 27"},"PeriodicalIF":2.1,"publicationDate":"2020-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1719103","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43127150","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: 24
Nationalizations, bailouts and efficiency 国民化、救助和效率
IF 2.1 3区 经济学
Journal of Economic Policy Reform Pub Date : 2020-04-02 DOI: 10.1080/17487870.2019.1566065
Ernesto Crivelli, Klaas Staal
{"title":"Nationalizations, bailouts and efficiency","authors":"Ernesto Crivelli, Klaas Staal","doi":"10.1080/17487870.2019.1566065","DOIUrl":"https://doi.org/10.1080/17487870.2019.1566065","url":null,"abstract":"ABSTRACT We develop a theoretical model in which there are public and private firms and a government. When firms become insolvent, the government can intervene with bailouts or nationalizations. The government only intervenes when the bankruptcy of a firm entails social costs. In this setting, we analyze how government interventions affect allocative and productive efficiency. Nationalizations of private firms after unprofitable investments lead to increased allocative efficiency despite private ownership. The effort level chosen by the managers and employees working for a firm is also affected by the possibility of government interventions, reducing the productive efficiency advantage of private firms.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"23 1","pages":"209 - 228"},"PeriodicalIF":2.1,"publicationDate":"2020-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1566065","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42180571","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
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