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Governance and Domestic Investment in Africa 非洲的治理和国内投资
Q3 Social Sciences Pub Date : 2019-06-24 DOI: 10.17979/EJGE.2019.8.1.4565
Chimere O. Iheonu
The study empirically examined the impact of governance on domestic investment in 16 African countries with a balanced panel data set, between the years 2002 and 2015. The study employed six unbundled governance indicators from the World Bank, World Governance Indicators and constructed three bundled governance indicators using the Principal Component Analysis. The Driscoll and Kraay Fixed Effects model which accounts for serial correlation, groupwise heteroskedasticity and cross-sectional dependence were employed with empirical results revealing that all the indicators of governance positively and significantly influence domestic investment in Africa, except for government effectiveness which happens to be insignificant. Also, Voice/Accountability and the Control of Corruption exert more influence on domestic investment as indicated by their coefficient values. Furthermore, economic growth is also an important factor in explaining domestic investment in Africa. Policy recommendations are discussed.
该研究利用平衡的面板数据集,对2002年至2015年间16个非洲国家的治理对国内投资的影响进行了实证研究。本研究采用了世界银行《世界治理指标》中的6个非捆绑治理指标,并利用主成分分析法构建了3个捆绑治理指标。采用Driscoll和Kraay固定效应模型,考虑了序列相关、组异方差和横截面依赖,实证结果表明,除政府有效性不显著外,治理的所有指标都对非洲国内投资有显著的正向影响。此外,声音/问责制和控制腐败对国内投资的影响更大,从它们的系数值可以看出。此外,经济增长也是解释非洲国内投资的一个重要因素。讨论了政策建议。
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引用次数: 4
The evaluation index improvement for the relocation of research equipment 科研设备搬迁评价指标的改进
Q3 Social Sciences Pub Date : 2019-06-24 DOI: 10.17979/EJGE.2019.8.1.4572
Donghun Yoon
In this paper, evaluation index improvement for research equipment relocation is presented and discussed to boost the effectiveness of research equipment management. The analytic hierarchy process (AHP) model was designed for the evaluation index improvement for research equipment relocation, and the pairwise comparison scale was set up based on the importance of each evaluation criterion. The consistency rate (CR) was measured, and it was confirmed that the decision-making was reasonable. The improvement of the evaluation index was necessary for the objective and fair relocation of research equipment. Therefore, the evaluation index for the relocation of research equipment was designed for an objective and fair evaluation. It is hoped that the study findings will be very useful and will contribute greatly to the professors, researchers, and policymakers involved in science and technology policymaking and R&D.
本文提出并探讨了科研设备搬迁评价指标的改进,以提高科研设备管理的有效性。设计了研究设备搬迁评价指标改进的层次分析法(AHP)模型,并根据各评价指标的重要性建立了两两比较量表。通过对决策一致性率(CR)的测量,验证了决策的合理性。客观、公正地进行科研设备搬迁,有必要改进评价指标。因此,设计研究设备搬迁评价指标是为了客观公正地进行评价。希望研究结果对参与科技政策制定和研发的教授、研究人员和政策制定者有很大的帮助。
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引用次数: 0
Residents’ attitudes towards different tourist offers: Maldonado-Punta del Este conurbation (Uruguay) 居民对不同旅游优惠的态度:埃斯特角马尔多纳多(乌拉圭)
Q3 Social Sciences Pub Date : 2019-06-24 DOI: 10.17979/EJGE.2019.8.1.4580
José Ramón Cardona, Daniel Álvarez Bassi, M. Sánchez-Fernández
The study of residents' attitudes is fundamental for tourist destinations managers. Residents form their attitude towards tourism through a cost-benefit analysis based on their perception of tourism impacts. The objective of this paper is to analyse the relationship between the perception of the different types of impacts, the general attitude toward tourism and various types of tourism offer: sport tourism, maritime tourism, nature tourism and sun and beach tourism. The analysis of the data was performed using Partial Least Squares on a sample of 420 residents of the Maldonado-Punta del Este conurbation, interviewed in 2016. The strongest causal relationship is between general attitude and acceptance of sun and beach tourism, the traditional offer in the region. The main conclusion is that a more favourable attitude to tourism does not imply greater support for any type of tourism. It is not possible to generalize the support to tourism to any tourism project, and tourist destinations managers must take it into account.
居民态度的研究是旅游目的地管理者的基础。居民对旅游的态度是通过对旅游影响感知的成本效益分析形成的。本文的目的是分析对不同类型影响的感知,对旅游的一般态度和各种类型的旅游提供之间的关系:体育旅游,海洋旅游,自然旅游和阳光和海滩旅游。2016年,对马尔多纳多-埃斯特角城420名居民的样本进行了偏最小二乘法分析。最强烈的因果关系是对阳光和海滩旅游的普遍态度和接受程度,这是该地区的传统服务。主要结论是,对旅游持更有利的态度并不意味着对任何类型的旅游都有更大的支持。对旅游的支持不能一概而论,旅游地的管理者必须考虑到这一点。
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引用次数: 3
Economic Analysis of Supply Functions, Private Returns to Investment in Education and Skill Mismatch in Egypt 供给函数、教育投资私人回报与埃及技能失配的经济分析
Q3 Social Sciences Pub Date : 2019-06-24 DOI: 10.17979/EJGE.2019.8.1.4574
M. Biltagy
Education provides good health, empowerment and employment to all people in the society. Accordingly, education can make a lifelong difference in individuals’ lives. It is proved that, on average, there is a positive relationship between each additional year of schooling and the income of an individual. The main objective of this paper is to estimate the demand and supply functions for schooling in Egypt using the data of the Egypt Labor Market Panel Survey 2012. It is estimated that the private rate of return to education is 4.5%. Moreover, the rate of return to the number of years of experience is 2.6%, i.e. each additional year of experience will increase the earnings of an individual by 2.6% on average. It is concluded that individuals from poor families have an increased likelihood of receiving financial aid, which decreases their discounting rate of interest.
教育为社会中的所有人提供良好的健康、赋权和就业。因此,教育可以改变个人一生的生活。事实证明,平均而言,每多上一年学与个人收入之间存在正相关关系。本文的主要目的是利用2012年埃及劳动力市场小组调查的数据来估计埃及学校教育的需求和供应函数。据估计,私人教育回报率为4.5%。此外,经验年限的回报率为2.6%,即每增加一年经验,个人收入平均将增加2.6%。得出的结论是,来自贫困家庭的个人获得经济援助的可能性增加,这降低了他们的贴现利率。
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引用次数: 5
Social capital and banking system profitability: A survey of European Union countries 社会资本与银行体系盈利能力:欧盟国家的调查
Q3 Social Sciences Pub Date : 2019-06-24 DOI: 10.17979/EJGE.2019.8.1.4575
A. Nayebyazdi
Over the last years, the concept of social capital as a facilitator of economic activities has been a remarkable issue among economists. In this article, we study the impact of social capital on banking performance focusing on profitability in the European Union for period 2008-2016. Social capital indicators are applied in the model are "trust in others" and "fair behavior of others". We expect more profitable banks in societies with higher levels of social capital. According to the type of data, we apply GMM estimator to do more efficient estimations. We use auxiliary variables such as bank asset, capital adequacy, real interest rate, the cost to income ratio as micro variables, GDP and inflation are employed as macros. Our estimations point at a rejection of the main hypothesis. Opportunistic behavior and less social trust result in more profits for European countries. We justify the results in two ways. First, due to the 2008 financial crisis, trust in all institutions has decreased in European countries. The second reason concerns countries with low levels of social capital. The decrease of trust for the banking system is lower than for other institutions. Therefore, that sector may benefit is such circumstances.
在过去的几年里,社会资本作为经济活动促进者的概念在经济学家中一直是一个引人注目的问题。在本文中,我们研究了2008-2016年期间欧盟社会资本对银行绩效的影响,重点是盈利能力。模型使用的社会资本指标为“对他人的信任”和“他人的公平行为”。我们预计,在社会资本水平较高的社会中,银行的盈利能力会更高。根据数据的类型,应用GMM估计器进行更有效的估计。我们使用银行资产、资本充足率、实际利率、成本收入比等辅助变量作为微观变量,GDP和通货膨胀率作为宏观变量。我们的估计指向对主要假设的否定。机会主义行为和更少的社会信任导致了欧洲国家更多的利润。我们从两个方面来证明这一结果。首先,由于2008年的金融危机,欧洲国家对所有机构的信任度都有所下降。第二个原因与社会资本水平较低的国家有关。对银行体系的信任度下降幅度低于其他机构。因此,该部门可能在这种情况下受益。
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引用次数: 1
Path – Dependence and European Fisheries Management 路径依赖与欧洲渔业管理
Q3 Social Sciences Pub Date : 2018-12-17 DOI: 10.17979/ejge.2018.7.2.4411
Federico Martín Palmero, Fernando González Laxe
For a long time there has been an attempt to explain the current crisis in the fisheries sector in terms of a confrontation between those defending “fish” and those defending “fishermen”. However, the real problem concerns the governance of fisheries and how common resources are assigned; it is not just a crisis of resources per se. Therefore, an insightful understanding of the scenario leading to a satisfactory solution is more complex than it is often believed since there is a need to tackle problems related to the state of stocks, fishermen’s strategies and ecosystems. The fishing sector is not exclusively concerned with production activities as some analysts would have us believe. Rather, it is an area that integrates a number of important features and requires different approaches dealing with the industrial aspects of the sector, distribution and consumption. The fishing sector is characterised by a high level of public intervention, in terms of regulation, finance and state subsidies. The plethora of norms has become such that, currently, the main areas of debate are those concerning how best to preserve resources and ecosystems (by  managing and sustaining certain economic levels for example), the welfare of those who make their living from fishing, and the social impact on coastal communities among others. The main focus of debate used to be the conditions of access to fishing and fisheries. Nowadays, however, since early 2000s, efforts have concentrated on the limits of biological safety in order to guarantee sustainable and efficient fishing.This work carries out a dual analysis of the objectives of fisheries management. The first focuses on path dependence and the second on a debate among the three main players and their changing views. This approach allows us to clarify the different interests as regards policy-making, as well as to clearly define the different management implementation.
长期以来,人们一直试图用保护“鱼类”和保护“渔民”的人之间的对抗来解释渔业部门当前的危机。然而,真正的问题涉及渔业管理以及如何分配共同资源;这不仅仅是资源本身的危机。因此,对导致令人满意的解决方案的情景有深刻的理解比人们通常认为的要复杂,因为需要解决与种群状况、渔民战略和生态系统有关的问题。渔业部门并不像一些分析人士让我们相信的那样,只关注生产活动。相反,这是一个综合了许多重要特征的领域,需要采取不同的方法来处理该部门、分销和消费的工业方面。渔业部门的特点是在监管、财政和国家补贴方面进行了高度的公共干预。过多的规范使得目前争论的主要领域是关于如何最好地保护资源和生态系统(例如,通过管理和维持某些经济水平)、以捕鱼为生的人的福利以及对沿海社区的社会影响等。辩论的主要焦点曾经是获得捕鱼和渔业的条件。然而,如今,自21世纪初以来,努力集中在生物安全的极限上,以确保可持续和高效的捕鱼。这项工作对渔业管理的目标进行了双重分析。第一部分关注路径依赖,第二部分关注三个主要参与者之间的辩论及其不断变化的观点。这种方法使我们能够澄清决策方面的不同利益,并明确界定不同的管理实施方式。
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引用次数: 0
Why the current Peak in Populism in the US and Europe? Populism as a Deviation in the Median Voter Theorem 为什么现在美国和欧洲的民粹主义达到了顶峰?民粹主义是中位选民定理的偏差
Q3 Social Sciences Pub Date : 2018-12-17 DOI: 10.17979/EJGE.2018.7.2.4423
F. Figueira
The current surge of populism in Europe and the United States calls for further analysis using public choice tools. In this article, populism is modelled as a deviation from the normal state of the median voter theorem. This study adds to the public choice literature by proposing a model of populism which is suited, not only to left-wing populism, but also to other forms of populism prevalent in Europe and the United States today. It is argued that, due to changes in the assumptions underpinning the median voter theorem, the operation of the model can be modified, and as a result surges of populism occur. Those assumptions concern: the political spectrum; the distribution of ideological preferences; sociological, psychological and historical factors; political party competition; and extreme political preferences. It is shown that the current peak of populism in Europe and the United States can be explained through a simultaneous change in all of these aspects, leading to a “perfect storm” of populism. 
当前欧洲和美国民粹主义的激增要求使用公共选择工具进行进一步分析。在这篇文章中,民粹主义被建模为偏离中值选民定理的正常状态。本研究提出了一种民粹主义模式,不仅适用于左翼民粹主义,也适用于当今欧美流行的其他形式的民粹主义,从而为公共选择文献增添了内容。有人认为,由于支持中间选民定理的假设发生了变化,模型的操作可以修改,因此民粹主义激增。这些假设涉及:政治光谱;意识形态偏好的分布;社会、心理和历史因素;政党竞争;以及极端的政治偏好。研究表明,当前欧美民粹主义的高峰可以通过所有这些方面的同时变化来解释,从而导致民粹主义的“完美风暴”。
{"title":"Why the current Peak in Populism in the US and Europe? Populism as a Deviation in the Median Voter Theorem","authors":"F. Figueira","doi":"10.17979/EJGE.2018.7.2.4423","DOIUrl":"https://doi.org/10.17979/EJGE.2018.7.2.4423","url":null,"abstract":"The current surge of populism in Europe and the United States calls for further analysis using public choice tools. In this article, populism is modelled as a deviation from the normal state of the median voter theorem. This study adds to the public choice literature by proposing a model of populism which is suited, not only to left-wing populism, but also to other forms of populism prevalent in Europe and the United States today. It is argued that, due to changes in the assumptions underpinning the median voter theorem, the operation of the model can be modified, and as a result surges of populism occur. Those assumptions concern: the political spectrum; the distribution of ideological preferences; sociological, psychological and historical factors; political party competition; and extreme political preferences. It is shown that the current peak of populism in Europe and the United States can be explained through a simultaneous change in all of these aspects, leading to a “perfect storm” of populism. ","PeriodicalId":37945,"journal":{"name":"European Journal of Government and Economics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2018-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44173686","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Exchange policy credibility through the lens of the carry trade: The Mexican peso and the Brazilian real. 从套息交易的角度看外汇政策的可信度:墨西哥比索和巴西雷亚尔。
Q3 Social Sciences Pub Date : 2018-12-17 DOI: 10.17979/EJGE.2018.7.2.4520
Carlos Fernández-Herráiz, Antonio Javier Prado Domínguez, Carlos Pateiro-Rodríguez, J. García-Iglesias
Exchange credibility is a valuable asset for currency policymakers. In this article we intend to analyse exchange credibility from the perspective of carry trade speculators. Global speculators' access to shadow banking financing allows them to build dynamic carry trade strategies that are a source of potential financial instability. Our view is that the existence of dynamic carry trade opportunities offers a tool for monitoring how market participants asses the credibility of exchange policies. We use the long term performance of different carry trade dynamic specifications to understand how different is the market view of exchange policy credibility in the case of two leading Latin America countries, Mexico and Brazil. Our empirical research covers data from May of 2000 to May 2018. In light of the evidence presented, we recognize that Mexican peso exchange policy is considered credible but Brazilian real exchange policy is not considered credible during the sample period.
对货币政策制定者来说,外汇信誉是一项宝贵的资产。在本文中,我们打算从套利交易投机者的角度来分析外汇信用。全球投机者获得影子银行融资的渠道,使他们能够建立动态的套利交易策略,这是潜在金融不稳定的一个来源。我们的观点是,动态套利交易机会的存在为监测市场参与者如何评估外汇政策的可信度提供了一种工具。我们使用不同套利交易动态规范的长期表现来了解在两个主要拉丁美洲国家墨西哥和巴西的情况下,市场对外汇政策可信度的看法有多么不同。我们的实证研究涵盖了2000年5月至2018年5月的数据。根据提供的证据,我们认识到墨西哥比索汇率政策被认为是可信的,但巴西雷亚尔汇率政策在样本期间被认为是不可信的。
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引用次数: 0
Transparency and local government corruption: what does lack of transparency hide? 透明度与地方政府腐败:缺乏透明度隐藏了什么?
Q3 Social Sciences Pub Date : 2018-12-17 DOI: 10.17979/EJGE.2018.7.2.4509
J. Jiménez, Daniel Albalate
This paper empirically investigates the causal relationship between local government transparency and political corruption in a sample of Spain's 110 largest municipalities. After implementing a two-stage probit estimation procedure, our evidence indicates that transparency is inversely related to the likelihood of local political corruption. This result supports the hypothesis that a lack of transparency conceals corrupt activities and that an unwillingness to provide information is a good proxy of the likelihood of corruption.
本文以西班牙110个最大城市为样本,实证研究了地方政府透明度与政治腐败之间的因果关系。在实施两阶段概率估计程序后,我们的证据表明,透明度与地方政治腐败的可能性呈反比。这一结果支持了这样一种假设,即缺乏透明度掩盖了腐败活动,不愿意提供信息是腐败可能性的良好代表。
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引用次数: 6
Deciding on Financial Renegotiation in Public-Private Partnership Projects 决定公私合作项目的财务重新谈判
Q3 Social Sciences Pub Date : 2018-12-17 DOI: 10.17979/EJGE.2018.7.2.4508
W. Risso
This paper analyzes the renegotiation problem in the context of public-private partnership projects. Utilizing a game-theoretic approach, an equilibrium is found in which the government finds that accepting renegotiation can be efficient. A first indicator is proposed based the public sector comparator (PSC) that can be estimated by policymakers as an additional tool when deciding about renegotiation. A second more theoretical indicator is derived to analyze the economic and financial variables affecting renegotiation. This indicator is applied to four case studies in different countries (England, Taiwan, Portugal and China) and the results suggest that the model performs well.
本文分析了公私合作项目中的再谈判问题。利用博弈论的方法,找到了一个均衡,在这个均衡中,政府发现接受重新谈判是有效的。第一个指标是基于公共部门比较指标(PSC)提出的,决策者在决定是否重新谈判时可以将其作为一个额外的工具加以估计。第二个更具理论性的指标是用来分析影响重新谈判的经济和金融变量的。该指标应用于不同国家(英国、台湾、葡萄牙和中国)的四个案例研究,结果表明该模型表现良好。
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引用次数: 0
期刊
European Journal of Government and Economics
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