International Journal of Economic Policy Studies
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Grounding multidisciplinary public policy analysis in methodological individualism: with an illustrating study of the economic and political effects of variations in a nation’s average work ethic
International Journal of Economic Policy Studies - Tập 17 - Trang 351-383 - 2023
This paper suggests that a relatively minor, but important generalization of the
rational choice approach used in economics and game theory can provide
sufficient flexibility, breadth, and realism to be used as the basis for
interdisciplinary analysis. Multi-disciplinary analysis does not require
abandoning the “rational” choice model of individual decision making worked out
over the past century ...
How could Industrial Structure Guide the Choice of Development Strategy? A Field of Influence Analysis for the Democratic Republic of Congo
International Journal of Economic Policy Studies - Tập 8 - Trang 89-112 - 2013
The purpose of this paper is to analyse the structure of the economy of the
Democratic Republic of Congo (DRC), and measure the strength of the linkages
between different economic sectors. We construct a social accounting matrix for
DRC, and apply the minimum information decomposition of the Leontief inverse to
design appropriate development policies based on the field of influence of
changes. Our...
Do unilateral trade preferences help reduce poverty in beneficiary countries?
International Journal of Economic Policy Studies - Tập 17 - Trang 249-288 - 2023
This paper has investigated the utilization of non-reciprocal (or unilateral)
trade preferences (NRTPs) provided by QUAD countries on poverty in recipient
countries. It uses a panel dataset of 77 beneficiaries of NRTPs over the period
of 2002–2019, and considers two main blocks of NRTPs, namely ‘Generalized System
of Preferences’ (GSP) programs and ‘other trade preferences programs’. The
analysis ...
Microdata analysis about the effects of health status and bequest motive on the elderly household assets in Japan
International Journal of Economic Policy Studies - - 2021
This study develops a life-cycle model of bequest motive and analyses the
determinants of asset accumulation of elderly people in Japan with microdata.
This study analyses the health situation of each elderly person using microdata.
In this context, health status means a proxy variable of expected life
expectancy of an elderly person. It empirically shows that health status and
bequest motives pro...
Market Reaction to Announcements of Share-Based Payment
International Journal of Economic Policy Studies - Tập 4 - Trang 129-139 - 2009
Taiwan’s Financial Accounting Standard does not align regulations with
International Accounting Standards (IAS) in treatment of stock bonus paid to
employees before 2008. IAS treats stock compensation as expense but
Taiwan-listed companies recognized share-based compensation awards as allocation
of retained earnings before 2008. To align with IAS, Taiwan’s SFAS No. 39
provides an accounting standa...
Preface to the special feature on energy market reform
International Journal of Economic Policy Studies - Tập 13 - Trang 1-2 - 2018
Relative role of external debt, FDI, and domestic investment in economic growth: evidence from Sri Lanka
International Journal of Economic Policy Studies - Tập 15 - Trang 329-347 - 2021
External financial capital is inevitable for economic growth and the development
of developing countries. In the case of Sri Lanka, some recent studies prove
that the growing accumulation of external debt is detrimental to growth.
Besides, the inflow of foreign direct investment (FDI) is not enough and limited
to a few sectors of the economy. The accumulation of domestic capital is
sluggish. Under...
Exhaustible resource use under endogenous time preference
International Journal of Economic Policy Studies - - 2023
AbstractThis paper revisits a classical economic topic of exhaustible resource
use on the basis of recent developments in time preference and discount factor
models. An analysis of the effects of endogenous time preferences on the dynamic
properties of resource use is conducted, contrasting the classical Hotelling
results. More specifically, we develop an analytical model that incorporates
endogen...
Ownership structure of nuclear power plants for fair competition and efficiency: private low-cost access versus public ownership
International Journal of Economic Policy Studies - Tập 17 - Trang 307-330 - 2022
When the retail electricity market is liberalized, the incumbent firm has cost
advantage over new entrants. This situation harms fair competition. To level the
playing field, the entrant should also have access to low-cost generation. In
this paper, we study how to utilize cost advantageous plant which is unevenly
distributed in the context of electricity industry. We compare two scenarios. In
the...
Non-traditional monetary policy and the future of the financial industries
International Journal of Economic Policy Studies - Tập 15 - Trang 5-21 - 2020
This paper investigates how expansionary monetary policy after the Global
Financial Crisis (GFC) has affected the U.S. banking sector. In response to the
GFC, the Federal Reserve first lowered the overnight federal funds rate from
5.25% in August 2007 to zero in December 2008. It then turned to quantitative
easing, purchasing housing agency debt, mortgage-backed securities, and
longer-term Treasur...
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