Pub Date : 2019-06-24DOI: 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.
{"title":"Governance and Domestic Investment in Africa","authors":"Chimere O. Iheonu","doi":"10.17979/EJGE.2019.8.1.4565","DOIUrl":"https://doi.org/10.17979/EJGE.2019.8.1.4565","url":null,"abstract":"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.","PeriodicalId":37945,"journal":{"name":"European Journal of Government and Economics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48593957","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}
Pub Date : 2019-06-24DOI: 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.
{"title":"The evaluation index improvement for the relocation of research equipment","authors":"Donghun Yoon","doi":"10.17979/EJGE.2019.8.1.4572","DOIUrl":"https://doi.org/10.17979/EJGE.2019.8.1.4572","url":null,"abstract":"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.","PeriodicalId":37945,"journal":{"name":"European Journal of Government and Economics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45125195","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}
Pub Date : 2019-06-24DOI: 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.
{"title":"Residents’ attitudes towards different tourist offers: Maldonado-Punta del Este conurbation (Uruguay)","authors":"José Ramón Cardona, Daniel Álvarez Bassi, M. Sánchez-Fernández","doi":"10.17979/EJGE.2019.8.1.4580","DOIUrl":"https://doi.org/10.17979/EJGE.2019.8.1.4580","url":null,"abstract":"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.","PeriodicalId":37945,"journal":{"name":"European Journal of Government and Economics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44207343","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}
Pub Date : 2019-06-24DOI: 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.
{"title":"Economic Analysis of Supply Functions, Private Returns to Investment in Education and Skill Mismatch in Egypt","authors":"M. Biltagy","doi":"10.17979/EJGE.2019.8.1.4574","DOIUrl":"https://doi.org/10.17979/EJGE.2019.8.1.4574","url":null,"abstract":"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.","PeriodicalId":37945,"journal":{"name":"European Journal of Government and Economics","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41451621","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}
Pub Date : 2019-06-24DOI: 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.
{"title":"Social capital and banking system profitability: A survey of European Union countries","authors":"A. Nayebyazdi","doi":"10.17979/EJGE.2019.8.1.4575","DOIUrl":"https://doi.org/10.17979/EJGE.2019.8.1.4575","url":null,"abstract":"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.","PeriodicalId":37945,"journal":{"name":"European Journal of Government and Economics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-06-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46712017","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}
Pub Date : 2018-12-17DOI: 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.
{"title":"Path – Dependence and European Fisheries Management","authors":"Federico Martín Palmero, Fernando González Laxe","doi":"10.17979/ejge.2018.7.2.4411","DOIUrl":"https://doi.org/10.17979/ejge.2018.7.2.4411","url":null,"abstract":"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.","PeriodicalId":37945,"journal":{"name":"European Journal of Government and Economics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48031504","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}
Pub Date : 2018-12-17DOI: 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.
{"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":" ","pages":""},"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}
Pub Date : 2018-12-17DOI: 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.
{"title":"Exchange policy credibility through the lens of the carry trade: The Mexican peso and the Brazilian real.","authors":"Carlos Fernández-Herráiz, Antonio Javier Prado Domínguez, Carlos Pateiro-Rodríguez, J. García-Iglesias","doi":"10.17979/EJGE.2018.7.2.4520","DOIUrl":"https://doi.org/10.17979/EJGE.2018.7.2.4520","url":null,"abstract":"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.","PeriodicalId":37945,"journal":{"name":"European Journal of Government and Economics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42646827","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}
Pub Date : 2018-12-17DOI: 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.
{"title":"Transparency and local government corruption: what does lack of transparency hide?","authors":"J. Jiménez, Daniel Albalate","doi":"10.17979/EJGE.2018.7.2.4509","DOIUrl":"https://doi.org/10.17979/EJGE.2018.7.2.4509","url":null,"abstract":"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.","PeriodicalId":37945,"journal":{"name":"European Journal of Government and Economics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45185996","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}
Pub Date : 2018-12-17DOI: 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.
{"title":"Deciding on Financial Renegotiation in Public-Private Partnership Projects","authors":"W. Risso","doi":"10.17979/EJGE.2018.7.2.4508","DOIUrl":"https://doi.org/10.17979/EJGE.2018.7.2.4508","url":null,"abstract":"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.","PeriodicalId":37945,"journal":{"name":"European Journal of Government and Economics","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44352649","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}