Pub Date : 2021-04-05DOI: 10.1080/17487870.2021.1905530
Moritz Weiss, F. Biermann
ABSTRACT Protecting critical infrastructure against cyber-attacks is a policy challenge arising from the disruptive potential of emerging digital technologies. Governments face difficult choices since cybersecurity is a public responsibility, but often a private task: Should they design their capacities hierarchically or rely on collaboration with private firms? We argue that choices depend on the institutional setting and the nature of the challenge. Our comparison of state-capitalist France with the market-capitalist United Kingdom corroborates our expectations that the former controls intermediaries more hierarchically and that both governments adopt a more assertive role when safeguarding against threats than when managing risks.
{"title":"Cyberspace and the protection of critical national infrastructure","authors":"Moritz Weiss, F. Biermann","doi":"10.1080/17487870.2021.1905530","DOIUrl":"https://doi.org/10.1080/17487870.2021.1905530","url":null,"abstract":"ABSTRACT Protecting critical infrastructure against cyber-attacks is a policy challenge arising from the disruptive potential of emerging digital technologies. Governments face difficult choices since cybersecurity is a public responsibility, but often a private task: Should they design their capacities hierarchically or rely on collaboration with private firms? We argue that choices depend on the institutional setting and the nature of the challenge. Our comparison of state-capitalist France with the market-capitalist United Kingdom corroborates our expectations that the former controls intermediaries more hierarchically and that both governments adopt a more assertive role when safeguarding against threats than when managing risks.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"26 1","pages":"250 - 267"},"PeriodicalIF":2.1,"publicationDate":"2021-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2021.1905530","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49564992","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 : 2021-01-28DOI: 10.1080/17487870.2020.1855174
C. Greve, L. Christensen, Christina D. Tvarnø, Sandie Nøhr Nielsen, S. Denta
ABSTRACT How and why has the formal policy development on PPPs in Denmark evolved? How and why do PPP projects develop in Danish healthcare sector? Despite limited policy guidelines and no PPP Act, a regional approach to PPPs has occurred in the healthcare sector. There are active projects in five hospital cases that use the PPP model. PPP projects in the Danish healthcare sector develop from a mixture of reasons, which include strategic interventions from finance institutions, change in specific formal rules on financing, and necessity for regional governments to find alternatives to public financing.
{"title":"Public-private partnerships in the healthcare sector: limited policy guidelines, but active project development in Denmark","authors":"C. Greve, L. Christensen, Christina D. Tvarnø, Sandie Nøhr Nielsen, S. Denta","doi":"10.1080/17487870.2020.1855174","DOIUrl":"https://doi.org/10.1080/17487870.2020.1855174","url":null,"abstract":"ABSTRACT How and why has the formal policy development on PPPs in Denmark evolved? How and why do PPP projects develop in Danish healthcare sector? Despite limited policy guidelines and no PPP Act, a regional approach to PPPs has occurred in the healthcare sector. There are active projects in five hospital cases that use the PPP model. PPP projects in the Danish healthcare sector develop from a mixture of reasons, which include strategic interventions from finance institutions, change in specific formal rules on financing, and necessity for regional governments to find alternatives to public financing.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"25 1","pages":"121 - 135"},"PeriodicalIF":2.1,"publicationDate":"2021-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1855174","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43155138","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 : 2021-01-26DOI: 10.1080/17487870.2020.1855176
Nathalie Hilmi, Salpie S. Djoundourian, Wassim Shahin, Alain Safa
ABSTRACT The relationship between the environment and climate change on one hand and the financial system, financial regulation and monetary policy on the other is growing in importance. This paper examines the possible impact of the European Central Bank’s monetary policy of quantitative easing on the environmental policy of the European Union. Using data from Climate Bonds Initiative, the paper analyses the variation in the amount of “green labelled bonds” issued in the individual member countries of the Eurozone areas, as a function of liquidity inducing monetary policy variables. The paper finds a positive and significant relationship between the two measures.
{"title":"Does the ECB policy of quantitative easing impact environmental policy objectives?","authors":"Nathalie Hilmi, Salpie S. Djoundourian, Wassim Shahin, Alain Safa","doi":"10.1080/17487870.2020.1855176","DOIUrl":"https://doi.org/10.1080/17487870.2020.1855176","url":null,"abstract":"ABSTRACT The relationship between the environment and climate change on one hand and the financial system, financial regulation and monetary policy on the other is growing in importance. This paper examines the possible impact of the European Central Bank’s monetary policy of quantitative easing on the environmental policy of the European Union. Using data from Climate Bonds Initiative, the paper analyses the variation in the amount of “green labelled bonds” issued in the individual member countries of the Eurozone areas, as a function of liquidity inducing monetary policy variables. The paper finds a positive and significant relationship between the two measures.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"25 1","pages":"259 - 271"},"PeriodicalIF":2.1,"publicationDate":"2021-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1855176","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47780198","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 : 2021-01-21DOI: 10.1080/17487870.2020.1855175
Jesus Ferreiro, Carmen Gomez
ABSTRACT This paper analyses the impact of employment protection legislation on the evolution of employment and unemployment in European Union economies during the Great Recession. The results show that employment protection did not have a significant impact on employment growth. Regarding unemployment rates, we obtain contrasting results: high employment protection for temporary workers was associated with larger increases in unemployment rates, whereas high protection for permanent workers against individual dismissal was associated with lower increases in unemployment rates. Nonetheless, employment protection for permanent in conjunction with that for temporary workers had a positive impact on unemployment rates.
{"title":"Employment protection, employment and unemployment rates in European Union countries during the Great Recession","authors":"Jesus Ferreiro, Carmen Gomez","doi":"10.1080/17487870.2020.1855175","DOIUrl":"https://doi.org/10.1080/17487870.2020.1855175","url":null,"abstract":"ABSTRACT This paper analyses the impact of employment protection legislation on the evolution of employment and unemployment in European Union economies during the Great Recession. The results show that employment protection did not have a significant impact on employment growth. Regarding unemployment rates, we obtain contrasting results: high employment protection for temporary workers was associated with larger increases in unemployment rates, whereas high protection for permanent workers against individual dismissal was associated with lower increases in unemployment rates. Nonetheless, employment protection for permanent in conjunction with that for temporary workers had a positive impact on unemployment rates.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"25 1","pages":"240 - 258"},"PeriodicalIF":2.1,"publicationDate":"2021-01-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1855175","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46027992","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 : 2021-01-02DOI: 10.1080/17487870.2019.1572508
Alec Fraser, Stefanie Tan, N. Mays
ABSTRACT We explore the development of two proposed Social Impact Bond (SIB) financed interventions in the UK. This is important because little is known about the processes involved in the localised development of these nascent financing mechanisms. We apply a “decentred” approach to network governance to the case studies – one in which a SIB financed intervention was initiated and another in which it was not. Moving from the prevailing competitive quasi-market commissioning traditions to new forms of integrated commissioning requires a more collaborative approach to service procurement than has typically been the case thus posing dilemmas for the relevant networks.
{"title":"To SIB or not to SIB? A comparative analysis of the commissioning processes of two proposed health-focused Social Impact Bond financed interventions in England","authors":"Alec Fraser, Stefanie Tan, N. Mays","doi":"10.1080/17487870.2019.1572508","DOIUrl":"https://doi.org/10.1080/17487870.2019.1572508","url":null,"abstract":"ABSTRACT We explore the development of two proposed Social Impact Bond (SIB) financed interventions in the UK. This is important because little is known about the processes involved in the localised development of these nascent financing mechanisms. We apply a “decentred” approach to network governance to the case studies – one in which a SIB financed intervention was initiated and another in which it was not. Moving from the prevailing competitive quasi-market commissioning traditions to new forms of integrated commissioning requires a more collaborative approach to service procurement than has typically been the case thus posing dilemmas for the relevant networks.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"24 1","pages":"28 - 43"},"PeriodicalIF":2.1,"publicationDate":"2021-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1572508","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43565249","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 : 2020-12-27DOI: 10.1080/17487870.2020.1810473
Emanuele Lobina, Vera Weghmann
ABSTRACT Many epistemological perils of inter-paradigmatic dialogues originate from the ontological divides between schools of thought. Seeing through these cultural barriers does however offer the promise of inter-paradigmatic learning. This paper aims to suggest some basic conditions for seizing the learning opportunities that come from the competition, emulation, assimilation and regeneration of ideas across paradigms. It does so by looking at the case of the incipient dialogue between the heterodox and neoinstitutional traditions of remunicipalisation. These traditions diverge over the nature and societal implications of remunicipalisation as reverse privatisation. We thus identify three fundamental attributes of fruitful inter-paradigmatic dialogues: reflexivity as subjective predisposition to critical and self-critical inquiry within and across schools of thought; immanent critique as inquiry of the consistency between the beliefs and intentions held by the members of a school of thought and their intellectual practices; and, recursiveness as persistence in expanding learning opportunities through sustained inter-paradigmatic dialogue.
{"title":"Commentary: the perils and promise of inter-paradigmatic dialogues on remunicipalisation","authors":"Emanuele Lobina, Vera Weghmann","doi":"10.1080/17487870.2020.1810473","DOIUrl":"https://doi.org/10.1080/17487870.2020.1810473","url":null,"abstract":"ABSTRACT Many epistemological perils of inter-paradigmatic dialogues originate from the ontological divides between schools of thought. Seeing through these cultural barriers does however offer the promise of inter-paradigmatic learning. This paper aims to suggest some basic conditions for seizing the learning opportunities that come from the competition, emulation, assimilation and regeneration of ideas across paradigms. It does so by looking at the case of the incipient dialogue between the heterodox and neoinstitutional traditions of remunicipalisation. These traditions diverge over the nature and societal implications of remunicipalisation as reverse privatisation. We thus identify three fundamental attributes of fruitful inter-paradigmatic dialogues: reflexivity as subjective predisposition to critical and self-critical inquiry within and across schools of thought; immanent critique as inquiry of the consistency between the beliefs and intentions held by the members of a school of thought and their intellectual practices; and, recursiveness as persistence in expanding learning opportunities through sustained inter-paradigmatic dialogue.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"24 1","pages":"398 - 404"},"PeriodicalIF":2.1,"publicationDate":"2020-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1810473","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41638439","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 : 2020-12-27DOI: 10.1080/17487870.2020.1855177
J. Vestergaard, Stine Quorning
ABSTRACT In debates on the need to “complete” the banking union, there has been little attention to the omission of shadow banks from the supervision mandate given to the European Central Bank with the establishment of the Single Supervisory Mechanism (SSM). We argue that there can be no completion of the banking union without dedicated pan-European supervision of all non-banking financial institutions. We identify four explanatory modalities for the omission of shadow banking from the SSM mandate and discuss organizational options for institutionalizing European supervision of its shadow banking sector.
{"title":"The ECB’s half-baked supervision mandate Or, how to get serious about shadow banking again","authors":"J. Vestergaard, Stine Quorning","doi":"10.1080/17487870.2020.1855177","DOIUrl":"https://doi.org/10.1080/17487870.2020.1855177","url":null,"abstract":"ABSTRACT In debates on the need to “complete” the banking union, there has been little attention to the omission of shadow banks from the supervision mandate given to the European Central Bank with the establishment of the Single Supervisory Mechanism (SSM). We argue that there can be no completion of the banking union without dedicated pan-European supervision of all non-banking financial institutions. We identify four explanatory modalities for the omission of shadow banking from the SSM mandate and discuss organizational options for institutionalizing European supervision of its shadow banking sector.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"25 1","pages":"272 - 286"},"PeriodicalIF":2.1,"publicationDate":"2020-12-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1855177","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47834468","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 : 2020-10-01DOI: 10.1080/17487870.2019.1578651
João Carlos Ferraz, D. Kupfer, Julia Torracca, Jorge Britto
ABSTRACT This article analyses the adoption of digital technologies by a panel of Brazilian industrial firms in time. An ordered logistic regression model was used to relate modes of adoption to firm size, sector, capabilities and readiness levels to prepare for the future. Digitalisation levels are very basic in 2017. By 2027, most firms expect to move forward. Regardless of size and sector, more or less advanced modes of adoption are associated with higher or lower levels of capabilities and readiness. Two policy implications: policy must aim “moving targets” and be flexible enough to fosters firms at various stages of development.
{"title":"Snapshots of a state of flux: how Brazilian industrial firms differ in the adoption of digital technologies and policy implications","authors":"João Carlos Ferraz, D. Kupfer, Julia Torracca, Jorge Britto","doi":"10.1080/17487870.2019.1578651","DOIUrl":"https://doi.org/10.1080/17487870.2019.1578651","url":null,"abstract":"ABSTRACT This article analyses the adoption of digital technologies by a panel of Brazilian industrial firms in time. An ordered logistic regression model was used to relate modes of adoption to firm size, sector, capabilities and readiness levels to prepare for the future. Digitalisation levels are very basic in 2017. By 2027, most firms expect to move forward. Regardless of size and sector, more or less advanced modes of adoption are associated with higher or lower levels of capabilities and readiness. Two policy implications: policy must aim “moving targets” and be flexible enough to fosters firms at various stages of development.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"23 1","pages":"390 - 407"},"PeriodicalIF":2.1,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1578651","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44436568","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 : 2020-10-01DOI: 10.1080/17487870.2019.1565411
Keun Lee, Chan‐Yuan Wong, P. Intarakumnerd, Chaiyatorn Limapornvanich
ABSTRACT This paper focuses on the cases of Malaysia and Thailand and investigates the possibility of upgrading these countries from the middle-income trap and the possible roles of the 4th Industrial Revolution (4IR) in this process. The 4IR may induce firms to introduce factory automation to facilitate upgrade into higher segments with local spillovers. A key factor for this positive scenario is local institutions facilitating the training and upskilling of their local workforce. By contrast, increased problems are expected for other countries with the mid-range level of wages and mid-level of educated population, and firms in these economies mostly execute labor-intensive production and are likely to be substituted by additional factory automations or their multinational firms may move to neighboring countries for low wages.
{"title":"Is the Fourth Industrial Revolution a window of opportunity for upgrading or reinforcing the middle-income trap? Asian model of development in Southeast Asia","authors":"Keun Lee, Chan‐Yuan Wong, P. Intarakumnerd, Chaiyatorn Limapornvanich","doi":"10.1080/17487870.2019.1565411","DOIUrl":"https://doi.org/10.1080/17487870.2019.1565411","url":null,"abstract":"ABSTRACT This paper focuses on the cases of Malaysia and Thailand and investigates the possibility of upgrading these countries from the middle-income trap and the possible roles of the 4th Industrial Revolution (4IR) in this process. The 4IR may induce firms to introduce factory automation to facilitate upgrade into higher segments with local spillovers. A key factor for this positive scenario is local institutions facilitating the training and upskilling of their local workforce. By contrast, increased problems are expected for other countries with the mid-range level of wages and mid-level of educated population, and firms in these economies mostly execute labor-intensive production and are likely to be substituted by additional factory automations or their multinational firms may move to neighboring countries for low wages.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"23 1","pages":"408 - 425"},"PeriodicalIF":2.1,"publicationDate":"2020-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2019.1565411","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43410705","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 : 2020-08-27DOI: 10.1080/17487870.2020.1795444
Judith Clifton, Marcos Fernández-Gutiérrez, Michael Howlett
ABSTRACT Surveys have become an established means by which scholars can evaluate and assess the quality of public services provided by governments. Though surveys must be interpreted with caution, as explained here, they also have the advantage of providing useful insights about public services that cannot easily be gauged from other assessment techniques. After briefly expounding on the use of surveys, we go on to present the papers included in this special issue and the main insights they bring onto questions of assessing public services from the citizen perspective.
{"title":"Assessing public services from the citizen perspective: what can we learn from surveys?","authors":"Judith Clifton, Marcos Fernández-Gutiérrez, Michael Howlett","doi":"10.1080/17487870.2020.1795444","DOIUrl":"https://doi.org/10.1080/17487870.2020.1795444","url":null,"abstract":"ABSTRACT Surveys have become an established means by which scholars can evaluate and assess the quality of public services provided by governments. Though surveys must be interpreted with caution, as explained here, they also have the advantage of providing useful insights about public services that cannot easily be gauged from other assessment techniques. After briefly expounding on the use of surveys, we go on to present the papers included in this special issue and the main insights they bring onto questions of assessing public services from the citizen perspective.","PeriodicalId":51737,"journal":{"name":"Journal of Economic Policy Reform","volume":"25 1","pages":"1 - 8"},"PeriodicalIF":2.1,"publicationDate":"2020-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/17487870.2020.1795444","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49227855","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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