Pub Date : 2022-04-04DOI: 10.1057/s41294-022-00190-7
N. Grinberg
{"title":"Correction to: From the British to the Chinese Periphery: Capital Accumulation Through Primary-Commodity Production in Australia and Argentina","authors":"N. Grinberg","doi":"10.1057/s41294-022-00190-7","DOIUrl":"https://doi.org/10.1057/s41294-022-00190-7","url":null,"abstract":"","PeriodicalId":46161,"journal":{"name":"Comparative Economic Studies","volume":"65 1","pages":"403"},"PeriodicalIF":0.8,"publicationDate":"2022-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42529115","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 : 2022-03-28DOI: 10.1057/s41294-022-00187-2
Victor Barros, J. Jalles, J. Sarmento
{"title":"Drivers of the Tax Effort: Evidence from a Large Panel","authors":"Victor Barros, J. Jalles, J. Sarmento","doi":"10.1057/s41294-022-00187-2","DOIUrl":"https://doi.org/10.1057/s41294-022-00187-2","url":null,"abstract":"","PeriodicalId":46161,"journal":{"name":"Comparative Economic Studies","volume":"65 1","pages":"96-136"},"PeriodicalIF":0.8,"publicationDate":"2022-03-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43419559","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 : 2022-03-07DOI: 10.1057/s41294-022-00185-4
N. Grinberg
{"title":"From the British to the Chinese Periphery: Capital Accumulation Through Primary-Commodity Production in Australia and Argentina","authors":"N. Grinberg","doi":"10.1057/s41294-022-00185-4","DOIUrl":"https://doi.org/10.1057/s41294-022-00185-4","url":null,"abstract":"","PeriodicalId":46161,"journal":{"name":"Comparative Economic Studies","volume":"65 1","pages":"288-323"},"PeriodicalIF":0.8,"publicationDate":"2022-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41646943","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 : 2022-01-18DOI: 10.1057/s41294-021-00182-z
Nimonka Bayale, Brigitte Kanga Kouassi
{"title":"The Devil is in the Details: On the Robust Determinants of Development Aid in G5 Sahel Countries","authors":"Nimonka Bayale, Brigitte Kanga Kouassi","doi":"10.1057/s41294-021-00182-z","DOIUrl":"https://doi.org/10.1057/s41294-021-00182-z","url":null,"abstract":"","PeriodicalId":46161,"journal":{"name":"Comparative Economic Studies","volume":"64 1","pages":"646 - 680"},"PeriodicalIF":0.8,"publicationDate":"2022-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46405782","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 : 2022-01-13DOI: 10.1057/s41294-021-00179-8
R. Braham, C. de Peretti, L. Belkacem
{"title":"On the Measurement and Extent of Banks’ Political Connection in the Middle East and North Africa Region","authors":"R. Braham, C. de Peretti, L. Belkacem","doi":"10.1057/s41294-021-00179-8","DOIUrl":"https://doi.org/10.1057/s41294-021-00179-8","url":null,"abstract":"","PeriodicalId":46161,"journal":{"name":"Comparative Economic Studies","volume":"64 1","pages":"606 - 645"},"PeriodicalIF":0.8,"publicationDate":"2022-01-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45495722","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 : 2022-01-04DOI: 10.1057/s41294-021-00181-0
Carlos Gustavo Mendez, Felipe Santos‐Marquez
{"title":"Economic and Social Disparities across Subnational Regions of South America: A Spatial Convergence Approach","authors":"Carlos Gustavo Mendez, Felipe Santos‐Marquez","doi":"10.1057/s41294-021-00181-0","DOIUrl":"https://doi.org/10.1057/s41294-021-00181-0","url":null,"abstract":"","PeriodicalId":46161,"journal":{"name":"Comparative Economic Studies","volume":"1 1","pages":"1-24"},"PeriodicalIF":0.8,"publicationDate":"2022-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42530827","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 : 2022-01-03DOI: 10.1057/s41294-021-00180-1
Holzner, Mario, Vizek, Maruška, Vukšić, Goran
This study empirically investigates the effects of fiscal devaluation—i.e., a tax shift from employers’ social security contributions to value added tax—on real labor costs on a sample of 23 countries, members of the European Union, over the period between 2001 and 2018. Our results show that fiscal devaluation indeed reduces real labor costs, as suggested in the literature on fiscal devaluations. The effects turn out to be the strongest, and mostly statistically significant, for countries with intermediate and low degrees of wage bargaining coordination, stressing the importance of labor market institutions. For these countries, we find that both value added tax hikes and cuts in employers’ social security contributions help to reduce real labor costs. Countries with a high degree of wage bargaining coordination, where the impact of fiscal devaluation is weaker, should be able to influence real labor costs via coordinated incomes policy, so that the potentially needed labor costs adjustments can be managed even without the implementation of fiscal devaluations.
{"title":"Wage Bargaining Coordination, Taxation and Labor Costs: The Effects of Fiscal Devaluation","authors":"Holzner, Mario, Vizek, Maruška, Vukšić, Goran","doi":"10.1057/s41294-021-00180-1","DOIUrl":"https://doi.org/10.1057/s41294-021-00180-1","url":null,"abstract":"<p>This study empirically investigates the effects of fiscal devaluation—i.e., a tax shift from employers’ social security contributions to value added tax—on real labor costs on a sample of 23 countries, members of the European Union, over the period between 2001 and 2018. Our results show that fiscal devaluation indeed reduces real labor costs, as suggested in the literature on fiscal devaluations. The effects turn out to be the strongest, and mostly statistically significant, for countries with intermediate and low degrees of wage bargaining coordination, stressing the importance of labor market institutions. For these countries, we find that both value added tax hikes and cuts in employers’ social security contributions help to reduce real labor costs. Countries with a high degree of wage bargaining coordination, where the impact of fiscal devaluation is weaker, should be able to influence real labor costs via coordinated incomes policy, so that the potentially needed labor costs adjustments can be managed even without the implementation of fiscal devaluations.</p>","PeriodicalId":46161,"journal":{"name":"Comparative Economic Studies","volume":"5 6","pages":""},"PeriodicalIF":0.8,"publicationDate":"2022-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138512426","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 : 2022-01-01Epub Date: 2021-11-23DOI: 10.1057/s41294-021-00177-w
Edouard Mien, Michaël Goujon
This paper surveys the "Dutch disease" literature in developing and emerging countries. It describes the original model of Dutch disease and some main extensions proposed in the theoretical literature, focusing on the ones that match developing countries' conditions. It then reviews various empirical studies that have been conducted and provides evidence that the Dutch disease is still an issue for many developing countries. Finally, it discusses the gaps in the theoretical and empirical literature for understanding the suitable policy instruments to cope with Dutch disease.
{"title":"40 Years of Dutch Disease Literature: Lessons for Developing Countries.","authors":"Edouard Mien, Michaël Goujon","doi":"10.1057/s41294-021-00177-w","DOIUrl":"https://doi.org/10.1057/s41294-021-00177-w","url":null,"abstract":"<p><p>This paper surveys the \"Dutch disease\" literature in developing and emerging countries. It describes the original model of Dutch disease and some main extensions proposed in the theoretical literature, focusing on the ones that match developing countries' conditions. It then reviews various empirical studies that have been conducted and provides evidence that the Dutch disease is still an issue for many developing countries. Finally, it discusses the gaps in the theoretical and empirical literature for understanding the suitable policy instruments to cope with Dutch disease.</p>","PeriodicalId":46161,"journal":{"name":"Comparative Economic Studies","volume":"64 3","pages":"351-383"},"PeriodicalIF":0.8,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8609513/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39673349","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-01-01Epub Date: 2022-01-28DOI: 10.1057/s41294-022-00183-6
Amine Lahiani, Ameni Mtibaa, Foued Gabsi
Following the present scale of fiscal imbalances, governments often implement fiscal consolidation programs to restore macroeconomic stability. This paper empirically explores the connections between social expenditure, current account and fiscal consolidations using the system-GMM estimator, on a panel of 23 emerging and middle-income countries for the 2009-2018 period. Our results confirm that government social expenditure decreases once fiscal austerity measures are implemented, practically when they are spending-driven. Fiscal consolidation may hurt important social expenditure allocation mainly on education and health components. Furthermore, we find that fiscal consolidation improves the current account deficit, providing support for the twin deficits hypothesis. These findings indicate that fiscal consolidation will eventually contribute to medium- and long-term external debt stability through the current account improvement. However, the exclusion of key growth determinants such as human capital can lead to many inefficiencies such as weak competition in the provision of social services (Jafarov and Gunnarsson in Government spending on health care and education in Croatia: Efficiency and reform options, working paper 136, International Monetary Fund, 2008). We suggest rationalizing social spending and devoting the country's revenue to necessary and economically productive projects. The efficient use of resources will thus ensure better quality of education and health care services. This calls for good governance, an adequate administration and effective delivery structures.
{"title":"Fiscal Consolidation, Social Sector Expenditures and Twin Deficit Hypothesis: Evidence from Emerging and Middle-Income Countries.","authors":"Amine Lahiani, Ameni Mtibaa, Foued Gabsi","doi":"10.1057/s41294-022-00183-6","DOIUrl":"https://doi.org/10.1057/s41294-022-00183-6","url":null,"abstract":"<p><p>Following the present scale of fiscal imbalances, governments often implement fiscal consolidation programs to restore macroeconomic stability. This paper empirically explores the connections between social expenditure, current account and fiscal consolidations using the system-GMM estimator, on a panel of 23 emerging and middle-income countries for the 2009-2018 period. Our results confirm that government social expenditure decreases once fiscal austerity measures are implemented, practically when they are spending-driven. Fiscal consolidation may hurt important social expenditure allocation mainly on education and health components. Furthermore, we find that fiscal consolidation improves the current account deficit, providing support for the twin deficits hypothesis. These findings indicate that fiscal consolidation will eventually contribute to medium- and long-term external debt stability through the current account improvement. However, the exclusion of key growth determinants such as human capital can lead to many inefficiencies such as weak competition in the provision of social services (Jafarov and Gunnarsson in Government spending on health care and education in Croatia: Efficiency and reform options, working paper 136, International Monetary Fund, 2008). We suggest rationalizing social spending and devoting the country's revenue to necessary and economically productive projects. The efficient use of resources will thus ensure better quality of education and health care services. This calls for good governance, an adequate administration and effective delivery structures.</p>","PeriodicalId":46161,"journal":{"name":"Comparative Economic Studies","volume":"64 4","pages":"710-747"},"PeriodicalIF":0.8,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8795962/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"39576974","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}