{"title":"Panel discussion of: Religious symbols in schools","authors":"","doi":"10.1093/epolic/eiad003","DOIUrl":"https://doi.org/10.1093/epolic/eiad003","url":null,"abstract":"","PeriodicalId":43996,"journal":{"name":"Ekonomicheskaya politika","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42210266","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 : 2023-01-01DOI: 10.18288/1994-5124-2023-4-108-137
Vladimir V. Sedalishchev
Perhaps the best way to honor Leif Johansen’s legacy as a theorist on the fortieth anniversary of his death is to show that his ideas are still pertinent and able to inspire new research. This paper adapts the world’s first CGE model for MSG, which he created in the late 1950s, to current Russian statistics. The CGE model has been used to calculate the consequences to be anticipated from two groups of scenarios: 1) accession to Russia of four new regions in 2022; and 2) a complete trade blockade of Russia due to exacerbation of the crisis in Ukraine. During preparation of the input data, balancing of the input-output tables was achieved by developing an algorithm based on a certain discrete analog of the elastic filter algorithm. This approach can also be used to prepare input data for other single-region CGE models. The version of MSG that was constructed for Russia can be used for teaching university students, as a BOTE model, or for debugging more complex CGE models, or as an auxiliary tool for estimating import substitution frontiers, country production frontiers or various structural parameters of CGE models. Despite the more than six decades that have passed since its inception, the MSG model still does not look outdated in essence and contains some elements that are sometimes undeservedly overlooked in a number of modern CGE models.
{"title":"In Memory of Leif Johansen: The World’s First CGE Model and Its Application to Russia","authors":"Vladimir V. Sedalishchev","doi":"10.18288/1994-5124-2023-4-108-137","DOIUrl":"https://doi.org/10.18288/1994-5124-2023-4-108-137","url":null,"abstract":"Perhaps the best way to honor Leif Johansen’s legacy as a theorist on the fortieth anniversary of his death is to show that his ideas are still pertinent and able to inspire new research. This paper adapts the world’s first CGE model for MSG, which he created in the late 1950s, to current Russian statistics. The CGE model has been used to calculate the consequences to be anticipated from two groups of scenarios: 1) accession to Russia of four new regions in 2022; and 2) a complete trade blockade of Russia due to exacerbation of the crisis in Ukraine. During preparation of the input data, balancing of the input-output tables was achieved by developing an algorithm based on a certain discrete analog of the elastic filter algorithm. This approach can also be used to prepare input data for other single-region CGE models. The version of MSG that was constructed for Russia can be used for teaching university students, as a BOTE model, or for debugging more complex CGE models, or as an auxiliary tool for estimating import substitution frontiers, country production frontiers or various structural parameters of CGE models. Despite the more than six decades that have passed since its inception, the MSG model still does not look outdated in essence and contains some elements that are sometimes undeservedly overlooked in a number of modern CGE models.","PeriodicalId":43996,"journal":{"name":"Ekonomicheskaya politika","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135952968","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 : 2023-01-01DOI: 10.18288/1994-5124-2023-4-6-35
Ivan A. Khomutov
The paper exposes and analyses a serious flaw in Russia’s current rail freight tariffs. Subsidized sectors of the Russian economy are overcharged while a range of other sectors are undercharged. This transfers budgetary subsidies from one sector to another in a way that is opaque to regulators. The article details how this transit subsidy is part of conveyer belt that runs from the national budget to refining, rail transport and ultimately to coal mining. Analysis shows that the transit subsidies from differential railway tariffs are quite large (from 2019 to 2021 coal industry revenues were augmented by an annual average of RUB 270 billion through this technique). The article also demonstrates that subsidizing coal production through differential railway tariffs cannot be justified by rational economic considerations, as it only prolongs the life of many hopelessly unprofitable enterprises and thus hinders sustainable economic development in coal-mining regions. The paper studies the feasibility of eliminating this kind of subsidy by making tariffs for oil and coal transportation converge. If those subsidies had been eliminated in 2023, the author concludes that it would have been relatively painless for the industry and could potentially bring about a RUB 245 billion reduction in annual state budget subsidies by 2050. The funds saved could be redirected to economic diversification and social development in the regions where the coal industry is concentrated.
{"title":"Cross-Sectoral Transfer of Budgetary Subsidies Through Differential Railway Tariffs","authors":"Ivan A. Khomutov","doi":"10.18288/1994-5124-2023-4-6-35","DOIUrl":"https://doi.org/10.18288/1994-5124-2023-4-6-35","url":null,"abstract":"The paper exposes and analyses a serious flaw in Russia’s current rail freight tariffs. Subsidized sectors of the Russian economy are overcharged while a range of other sectors are undercharged. This transfers budgetary subsidies from one sector to another in a way that is opaque to regulators. The article details how this transit subsidy is part of conveyer belt that runs from the national budget to refining, rail transport and ultimately to coal mining. Analysis shows that the transit subsidies from differential railway tariffs are quite large (from 2019 to 2021 coal industry revenues were augmented by an annual average of RUB 270 billion through this technique). The article also demonstrates that subsidizing coal production through differential railway tariffs cannot be justified by rational economic considerations, as it only prolongs the life of many hopelessly unprofitable enterprises and thus hinders sustainable economic development in coal-mining regions. The paper studies the feasibility of eliminating this kind of subsidy by making tariffs for oil and coal transportation converge. If those subsidies had been eliminated in 2023, the author concludes that it would have been relatively painless for the industry and could potentially bring about a RUB 245 billion reduction in annual state budget subsidies by 2050. The funds saved could be redirected to economic diversification and social development in the regions where the coal industry is concentrated.","PeriodicalId":43996,"journal":{"name":"Ekonomicheskaya politika","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135954134","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}
The primary aim of pay transparency measures is to make pay systems less opaque and to reduce the gender pay gap. To investigate the behavioural implications of pay transparency measures, we ran an incentivized online experiment focused on the effects on employees’ performance, provision of extra effort and actions to correct pay disparities. We found that overall pay transparency does not disrupt employees’ performance. However, by revealing relative wages, it does interfere with the provision of effort and extra effort of employees with a below-average wage. Moreover, we found that pay transparency increased potentially justified requests to correct pay disparities while decreasing unjustified requests. Our evidence also shows that employee’s effort and action against unfair pay are more sensitive to lower relative wage with respect to own gender, rather than the other gender. We discuss potential policy implications of these findings and argue that more research should be carried out to better understand the efficiency of transparency measures, with a particular focus on gender reference groups.
{"title":"Employees’ reaction to gender pay transparency: an online experiment","authors":"M. Baggio, Ginevra Marandola","doi":"10.1093/epolic/eiac066","DOIUrl":"https://doi.org/10.1093/epolic/eiac066","url":null,"abstract":"\u0000 The primary aim of pay transparency measures is to make pay systems less opaque and to reduce the gender pay gap. To investigate the behavioural implications of pay transparency measures, we ran an incentivized online experiment focused on the effects on employees’ performance, provision of extra effort and actions to correct pay disparities.\u0000 We found that overall pay transparency does not disrupt employees’ performance. However, by revealing relative wages, it does interfere with the provision of effort and extra effort of employees with a below-average wage. Moreover, we found that pay transparency increased potentially justified requests to correct pay disparities while decreasing unjustified requests. Our evidence also shows that employee’s effort and action against unfair pay are more sensitive to lower relative wage with respect to own gender, rather than the other gender.\u0000 We discuss potential policy implications of these findings and argue that more research should be carried out to better understand the efficiency of transparency measures, with a particular focus on gender reference groups.","PeriodicalId":43996,"journal":{"name":"Ekonomicheskaya politika","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-12-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42794089","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}
This paper quantifies the macroeconomic effects of three major structural reforms (i.e., service sector liberalizations, incentives to innovation and civil justice reforms) undertaken in Italy in the last decade. We employ a novel approach that estimates the impact of each reform on total factor productivity (TFP) and markups in an empirical micro setting and uses these estimates in a dynamic general equilibrium model to simulate the macroeconomic effects of the reforms. Microeconometric estimates indicate that the reforms imply a sizeable increase in TFP and a reduction in service markup. Structural model–based analysis shows that, accounting for estimation uncertainty, the increase in the level of GDP at the end of the current decade is between 3.5% and 8%, with non-negligible effects on the labor market.
{"title":"The macroeconomic effects of structural reforms: An empirical and model-based approach","authors":"Emanuela Ciapanna, S. Mocetti, A. Notarpietro","doi":"10.1093/epolic/eiac053","DOIUrl":"https://doi.org/10.1093/epolic/eiac053","url":null,"abstract":"\u0000 This paper quantifies the macroeconomic effects of three major structural reforms (i.e., service sector liberalizations, incentives to innovation and civil justice reforms) undertaken in Italy in the last decade. We employ a novel approach that estimates the impact of each reform on total factor productivity (TFP) and markups in an empirical micro setting and uses these estimates in a dynamic general equilibrium model to simulate the macroeconomic effects of the reforms. Microeconometric estimates indicate that the reforms imply a sizeable increase in TFP and a reduction in service markup. Structural model–based analysis shows that, accounting for estimation uncertainty, the increase in the level of GDP at the end of the current decade is between 3.5% and 8%, with non-negligible effects on the labor market.","PeriodicalId":43996,"journal":{"name":"Ekonomicheskaya politika","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47322262","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}
{"title":"Fiorella De Fiore discussion of: Central bank independence","authors":"Fiorella De Fiore","doi":"10.1093/epolic/eiac060","DOIUrl":"https://doi.org/10.1093/epolic/eiac060","url":null,"abstract":"","PeriodicalId":43996,"journal":{"name":"Ekonomicheskaya politika","volume":" ","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49614512","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}
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