Pub Date : 2020-01-02DOI: 10.1080/17487870.2019.1565410
A. Sterlacchini
ABSTRACT This paper examines the relationship between energy innovations, environmental policies and oil prices. With a panel of 19 OECD countries over the period 1990–2013, we test how the stringency of environmental policies has affected the intensity of energy patents, while controlling for the effect of oil prices and other country-level variables. We found that the overall level of policy stringency has exerted a more significant impact than individual country measures. Moreover, the recent reduction of energy patenting is discussed, especially in the light of the staggering drop of oil prices.
{"title":"Trends and determinants of energy innovations: patents, environmental policies and oil prices","authors":"A. Sterlacchini","doi":"10.1080/17487870.2019.1565410","DOIUrl":"https://doi.org/10.1080/17487870.2019.1565410","url":null,"abstract":"ABSTRACT This paper examines the relationship between energy innovations, environmental policies and oil prices. With a panel of 19 OECD countries over the period 1990–2013, we test how the stringency of environmental policies has affected the intensity of energy patents, while controlling for the effect of oil prices and other country-level variables. We found that the overall level of policy stringency has exerted a more significant impact than individual country measures. Moreover, the recent reduction of energy patenting is discussed, especially in the light of the staggering drop of oil prices.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"23 1","pages":"49 - 66"},"PeriodicalIF":2.1,"publicationDate":"2020-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1565410","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42945745","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}
Pub Date : 2019-12-12DOI: 10.1080/17487870.2019.1671192
A. C. Lindholst
ABSTRACT The idea of “pragmatism” provides a successful account explaining why municipalities re-internalize previously privatized responsibilities for service delivery. This paper develops the idea by accounting for remunicipalization in contexts defined by failures with service innovation – rather than delivery – under privatization. This account highlights remunicipalization as an act of public entrepreneurship and offers a complementary explanation for the dynamics in local service restructuring. Analytical utility is demonstrated in a case study of the restructuring of local energy supply in Aalborg Municipality, Denmark. In perspective, the paper refines the understanding of contexts, behaviours, and dynamics leading to remunicipalizations in the twenty-first century.
{"title":"Addressing public-value failure: remunicipalization as acts of public entrepreneurship","authors":"A. C. Lindholst","doi":"10.1080/17487870.2019.1671192","DOIUrl":"https://doi.org/10.1080/17487870.2019.1671192","url":null,"abstract":"ABSTRACT The idea of “pragmatism” provides a successful account explaining why municipalities re-internalize previously privatized responsibilities for service delivery. This paper develops the idea by accounting for remunicipalization in contexts defined by failures with service innovation – rather than delivery – under privatization. This account highlights remunicipalization as an act of public entrepreneurship and offers a complementary explanation for the dynamics in local service restructuring. Analytical utility is demonstrated in a case study of the restructuring of local energy supply in Aalborg Municipality, Denmark. In perspective, the paper refines the understanding of contexts, behaviours, and dynamics leading to remunicipalizations in the twenty-first century.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"24 1","pages":"380 - 397"},"PeriodicalIF":2.1,"publicationDate":"2019-12-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1671192","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43880438","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}
Pub Date : 2019-11-21DOI: 10.1080/17487870.2019.1691344
Judith Clifton, M. Warner, R. Gradus, G. Bel
ABSTRACT Re-municipalization is part of a broader set of reverse privatization reforms. We argue the term re-municipalization lacks conceptual clarity, confusing municipal level reversals from national ones, new service delivery from reversals, and mixed market positions from full public control. This conceptual confusion makes measurement of re-municipalization difficult. While more case studies are being discovered, quantitative time series studies do not show remunicipalization is increasing. Much case study based research argues remunicipalization is politically transformative, but quantitative research generally finds re-municipalization to be part of a pragmatic market management process, a position confirmed by the papers in this special issue.
{"title":"Re-municipalization of public services: trend or hype?","authors":"Judith Clifton, M. Warner, R. Gradus, G. Bel","doi":"10.1080/17487870.2019.1691344","DOIUrl":"https://doi.org/10.1080/17487870.2019.1691344","url":null,"abstract":"ABSTRACT Re-municipalization is part of a broader set of reverse privatization reforms. We argue the term re-municipalization lacks conceptual clarity, confusing municipal level reversals from national ones, new service delivery from reversals, and mixed market positions from full public control. This conceptual confusion makes measurement of re-municipalization difficult. While more case studies are being discovered, quantitative time series studies do not show remunicipalization is increasing. Much case study based research argues remunicipalization is politically transformative, but quantitative research generally finds re-municipalization to be part of a pragmatic market management process, a position confirmed by the papers in this special issue.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"24 1","pages":"293 - 304"},"PeriodicalIF":2.1,"publicationDate":"2019-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1691344","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43487967","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}
Pub Date : 2019-10-14DOI: 10.1080/17487870.2019.1637589
Christian May, Michael Schedelik
Innovation policy has to acknowledge and integrate the specific modes of coordination within a particular capitalist system. It has to make sure that policies match the dominant rules of corporate ...
创新政策必须承认并整合特定资本主义制度内的特定协调模式。它必须确保政策符合公司的主导规则……
{"title":"Comparative capitalism and innovation policy: complementarities and comparative institutional advantage","authors":"Christian May, Michael Schedelik","doi":"10.1080/17487870.2019.1637589","DOIUrl":"https://doi.org/10.1080/17487870.2019.1637589","url":null,"abstract":"Innovation policy has to acknowledge and integrate the specific modes of coordination within a particular capitalist system. It has to make sure that policies match the dominant rules of corporate ...","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"24 1","pages":"456 - 471"},"PeriodicalIF":2.1,"publicationDate":"2019-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1637589","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47820134","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}
Pub Date : 2019-10-04DOI: 10.1080/17487870.2019.1657016
D. Palcic, Eoin Reeves, D. Flannery, R. Geddes
ABSTRACT PPPs are often characterised by lengthy tendering periods that have the potential to deter bidders for contracts and increase transaction costs. We analyse data on 877 PPP projects in seven countries and find considerable cross-country variation in tendering periods. Using a duration analysis model we find that this variation persists even when we control for observable factors such as capital value. The longest tendering periods are found in the housing, health and defence sectors and tendering periods are positively related to project size. Indicators of institutional quality are not found to be significant.
{"title":"Public-private partnership tendering periods: an international comparative analysis","authors":"D. Palcic, Eoin Reeves, D. Flannery, R. Geddes","doi":"10.1080/17487870.2019.1657016","DOIUrl":"https://doi.org/10.1080/17487870.2019.1657016","url":null,"abstract":"ABSTRACT PPPs are often characterised by lengthy tendering periods that have the potential to deter bidders for contracts and increase transaction costs. We analyse data on 877 PPP projects in seven countries and find considerable cross-country variation in tendering periods. Using a duration analysis model we find that this variation persists even when we control for observable factors such as capital value. The longest tendering periods are found in the housing, health and defence sectors and tendering periods are positively related to project size. Indicators of institutional quality are not found to be significant.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"25 1","pages":"156 - 172"},"PeriodicalIF":2.1,"publicationDate":"2019-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1657016","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43244593","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}
Pub Date : 2019-10-02DOI: 10.1080/17487870.2018.1424629
Tolga Aksoy
This paper investigates the effects of structural reforms on real per capita GDP in the short and long-run by employing Pooled Mean Group approach. I find that during the period 1973–2006, there is a positive long-run relationship between international trade reform, financial (capital account, and domestic finance) reforms and real per capita GDP. My results also indicate that in the short-run, financially more open economies suffer more from international trade and domestic financial reforms. More importantly, the adverse effects of reforms in the short-run can be mitigated by improving property rights and contract enforcement.
{"title":"Structural reforms and growth in developing countries1","authors":"Tolga Aksoy","doi":"10.1080/17487870.2018.1424629","DOIUrl":"https://doi.org/10.1080/17487870.2018.1424629","url":null,"abstract":"This paper investigates the effects of structural reforms on real per capita GDP in the short and long-run by employing Pooled Mean Group approach. I find that during the period 1973–2006, there is a positive long-run relationship between international trade reform, financial (capital account, and domestic finance) reforms and real per capita GDP. My results also indicate that in the short-run, financially more open economies suffer more from international trade and domestic financial reforms. More importantly, the adverse effects of reforms in the short-run can be mitigated by improving property rights and contract enforcement.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"22 1","pages":"325 - 350"},"PeriodicalIF":2.1,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2018.1424629","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42537076","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}
Pub Date : 2019-10-02DOI: 10.1080/17487870.2018.1429272
M. Bittencourt
I test the hypothesis that when democracies are young, or still fragile and unconsolidated, government debt tends to increase, presumably because of increased demand for redistribution, or to buy out the electorate, so that democracy becomes acceptable and “the only game in town”. I use a sample of all South American young democracies during the 1970–2007 period and the results, based on dynamic panel time-series analysis, suggest that those young democracies are indeed associated with larger government debt. Furthermore, I test the hypothesis that the outgoing dictatorships of the day bequeathed the young democracies with large government debt. This hypothesis is not confirmed by the analysis. Lastly, there is no evidence that, as those democracies mature over time, government debt tends to decrease. Given how I conduct the exercise, that is, the nature of the sample, the methodology I use and the counterfactuals I run, and also that there are always new episodes of democratisation being experienced by different countries around the world, with some being economically successful and others less so, the results I report are informative of what to expect in terms of government debt during political transitions into democracy when particular institutions are still not in place.
{"title":"Young democracies and government debt: evidence from South America","authors":"M. Bittencourt","doi":"10.1080/17487870.2018.1429272","DOIUrl":"https://doi.org/10.1080/17487870.2018.1429272","url":null,"abstract":"I test the hypothesis that when democracies are young, or still fragile and unconsolidated, government debt tends to increase, presumably because of increased demand for redistribution, or to buy out the electorate, so that democracy becomes acceptable and “the only game in town”. I use a sample of all South American young democracies during the 1970–2007 period and the results, based on dynamic panel time-series analysis, suggest that those young democracies are indeed associated with larger government debt. Furthermore, I test the hypothesis that the outgoing dictatorships of the day bequeathed the young democracies with large government debt. This hypothesis is not confirmed by the analysis. Lastly, there is no evidence that, as those democracies mature over time, government debt tends to decrease. Given how I conduct the exercise, that is, the nature of the sample, the methodology I use and the counterfactuals I run, and also that there are always new episodes of democratisation being experienced by different countries around the world, with some being economically successful and others less so, the results I report are informative of what to expect in terms of government debt during political transitions into democracy when particular institutions are still not in place.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"22 1","pages":"351 - 368"},"PeriodicalIF":2.1,"publicationDate":"2019-10-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2018.1429272","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47962859","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}
Pub Date : 2019-09-30DOI: 10.1080/17487870.2019.1637584
T. Benney
ABSTRACT To better understand renewable energy uptake in emergingeconomies, we develop a typology of capitalism for 54 middle-income countries and use Qualitative Comparative Analysis (QCA) to test the Varieties of Capitalism (VoC) theory to illustrate which type of capitalism produced successful or unsuccessful renewables projects in these states. We find that even when the VoC approach is properly specified for developing states, it only explains about 44% of the outcome. Despite this, four causal pathways of combined economic institutions from the VoC theory were found to be sufficient for explaining this phenomenon, but liberal institutions performed poorly in each case.
{"title":"Varieties of capitalism and renewable energy in emerging and developing economies","authors":"T. Benney","doi":"10.1080/17487870.2019.1637584","DOIUrl":"https://doi.org/10.1080/17487870.2019.1637584","url":null,"abstract":"ABSTRACT To better understand renewable energy uptake in emergingeconomies, we develop a typology of capitalism for 54 middle-income countries and use Qualitative Comparative Analysis (QCA) to test the Varieties of Capitalism (VoC) theory to illustrate which type of capitalism produced successful or unsuccessful renewables projects in these states. We find that even when the VoC approach is properly specified for developing states, it only explains about 44% of the outcome. Despite this, four causal pathways of combined economic institutions from the VoC theory were found to be sufficient for explaining this phenomenon, but liberal institutions performed poorly in each case.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"24 1","pages":"413 - 438"},"PeriodicalIF":2.1,"publicationDate":"2019-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1637584","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45454297","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}
Pub Date : 2019-09-25DOI: 10.1080/17487870.2019.1646133
M. Warner, Austin M. Aldag
ABSTRACT We conduct a national survey of US local governments and find service outcomes – quality, cost savings and efficiency – are the primary drivers of re-municipalization, not political pressures. Logistic regression of 2,187 governments finds larger, urban and suburban, professionally managed local governments with more service capacity are more likely to report re-municipalization. Fiscal stress perception, local debt, and unionization rates have no effect. Re-municipalization is more likely in governments that also study privatization and conduct activities to ensure successful contracting. Thus, re-municipalization in the US is a pragmatic process of contract management, not primarily driven by political interests.
{"title":"Re-municipalization in the US: a pragmatic response to contracting","authors":"M. Warner, Austin M. Aldag","doi":"10.1080/17487870.2019.1646133","DOIUrl":"https://doi.org/10.1080/17487870.2019.1646133","url":null,"abstract":"ABSTRACT We conduct a national survey of US local governments and find service outcomes – quality, cost savings and efficiency – are the primary drivers of re-municipalization, not political pressures. Logistic regression of 2,187 governments finds larger, urban and suburban, professionally managed local governments with more service capacity are more likely to report re-municipalization. Fiscal stress perception, local debt, and unionization rates have no effect. Re-municipalization is more likely in governments that also study privatization and conduct activities to ensure successful contracting. Thus, re-municipalization in the US is a pragmatic process of contract management, not primarily driven by political interests.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"24 1","pages":"319 - 332"},"PeriodicalIF":2.1,"publicationDate":"2019-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1646133","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47015308","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}
Pub Date : 2019-09-25DOI: 10.1080/17487870.2019.1637590
Christoph Scheuplein
ABSTRACT Private equity is a form of financialization in which companies become commodities. This paper examines for the first time the impact of private equity on a single sector, the automotive supply industry, in a coordinated market economy. It demonstrates that companies hereby entered a cycle of uncertainty: many were taken over by financial investors several times, they were divorced from their regional production ties, and were given international owners. In addition, corporate governance changed, keeping employees away from traditional information and decision-making channels
{"title":"Private equity as a commodification of companies: the case of the German automotive supply industry","authors":"Christoph Scheuplein","doi":"10.1080/17487870.2019.1637590","DOIUrl":"https://doi.org/10.1080/17487870.2019.1637590","url":null,"abstract":"ABSTRACT Private equity is a form of financialization in which companies become commodities. This paper examines for the first time the impact of private equity on a single sector, the automotive supply industry, in a coordinated market economy. It demonstrates that companies hereby entered a cycle of uncertainty: many were taken over by financial investors several times, they were divorced from their regional production ties, and were given international owners. In addition, corporate governance changed, keeping employees away from traditional information and decision-making channels","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"24 1","pages":"472 - 487"},"PeriodicalIF":2.1,"publicationDate":"2019-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1637590","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44392043","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}
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