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Journal Cover Journal of Economics and Political Economy
  [6 followers]  Follow
  This is an Open Access Journal Open Access journal
   ISSN (Online) 2148-8347
   Published by KSP Journals Homepage  [6 journals]
  • Is rising income inequality far from inevitable during structural
           transformation' A proposal for an augmented inequality dynamics

    • Authors: Seung Jin BAEK
      Pages: 224 - 237
      Abstract: . This paper examines whether rising income inequality is the stylised fact for the process of structural transformation by revisiting classical accounts on the transformation-inequality nexus, with a particular focus on Kuznets’s and Rostow’s theories of development and Rawls’s difference principle. In addition, a complex interaction between structural transformation and income inequality is analysed by exploring the multi-dimensions of inequality dynamics to link Kuznets-Rostow-Rawls. This critical review allows us to conclude that rising income inequality is far from inevitable by introducing a proposal for what it calls ‘augmented inequality dynamics’ which attempts to systematize circulating societal processes through social, economic, political and moral dimensions. This explains how income inequality is used to incentivise or restrain the process of various societal interactions by itself going up and down repeatedly in the context of structural transformation.Keywords. Economic inequality, Structural transformation, Kuznets curve, Rostow's stages of economic growth, Rawls's difference principle.JEL. D63, L15, O10.
      PubDate: 2017-09-18
      DOI: 10.1453/jepe.v4i3.1296
      Issue No: Vol. 4, No. 3 (2017)
  • Any given season'

    • Authors: Steven L. FULLERTON, James H. HOLCOMB, Thomas M. FULLERTON
      Pages: 238 - 246
      Abstract: . An econometric analysis of the 2016 National Football League season is conducted with respect to regular season victories. Results obtained confirm many of the hypotheses made and bear much in common with one prior NFL study and several earlier MLB econometric analyses. Most of the data employed are fairly symmetric with relatively small standard deviations. Estimation results validate the importance of both defense and offense. Evidence is obtained that indicates that passing games are more important on offense, while shutting down the run matters most on defense. Beyond that, the regression equations also provide some insight to how human capital and payroll expenditures affect NFL regular season performances. The magnitudes of some coefficients and elasticities indicate that further analysis involving more explanatory variables can potentially provide additional clarity about what helps determine success in the NFL.Keywords. National football league; Team performance.JEL. M21, L20.
      PubDate: 2017-09-18
      DOI: 10.1453/jepe.v4i3.1396
      Issue No: Vol. 4, No. 3 (2017)
  • The effect of preferential tariffs of the EU: Some evidence from B&H

    • Authors: Safet KURTOVIC, Blerim HALILI, Nehat MAXHUNI
      Pages: 247 - 262
      Abstract: . The process of trade liberalization is more or less accompanied by a reduction or elimination of tariffs. In this sense, the preferential tariffs for foreign exporters aim to increase trade flows, ensure access to foreign markets and achieve social welfare. Namely, both before and after the signing of the Stabilization and Association Agreement in 2000, Bosnia and Herzegovina (B&H) realized some benefits from the reduction of preferential tariffs of the EU which aimed to ease the access of B&H products to the EU market. Accordingly, the question arises to what extent the preferential tariffs of the EU may lead to an increase in exports of products from the six leading sectors of B&H, observed on the basis of the volume of exports. In order to assess the effect of the preferential tariffs on the export of six leading sector of B&H, we applied the gravity equation, aggregate data on an annual basis from 1995 to 2015, and some econometric techniques, such as pooled OLS, fixed effects, random effects and dynamic panel GMM. The results of the coefficients have shown that the average preferential tariffs are significant, i.e. that have a positive effect on the overall exports. On the other hand, the results of the coefficient estimates of the average preferential tariffs on the individual export of six leading sectors have shown a significant effect in the case of half the sectors.Keywords. Tariffs, Export, Sectors, Gravity equation.JEL. F10, F11, F14.
      PubDate: 2017-09-18
      DOI: 10.1453/jepe.v4i3.1358
      Issue No: Vol. 4, No. 3 (2017)
  • Quantifying the trade effects of NTMs: A review of the empirical

    • Authors: Eyal RONEN
      Pages: 263 - 274
      Abstract: . In recent years, the imposition of Non-Tariff Measures (NTMs) has increased rapidly both in quantity and importance. This development, with its considerable economic impact, particularly within the area of global trade, has prompted numerous scholars to explore the direction and magnitude of the trade effects of NTMs. Moreover, increased efforts are being placed on further exploring the determinants behind the use of NTMs, as well as their policy implications. The current paper aims to survey the empirical trade literature, in order to uncover the available responses to major questions regarding the trade effects of NTMs, principally of TBT and SPS measures. Among these questions posed are: (1) How do specific types of NTMs affect imports and exports' (2) Are developing countries more sensitive to NTMs' (3) Are small-medium sized firms more adversely affected by NTMs' (4) How are particular sectors/products affected by NTMs' And (5) Do Harmonization and Mutual Recognition necessarily impact trade positively'Keywords. Non-tariff measures, Technical barriers to trade, Sanitary and phytosanitary.JEL. F13, F14.
      PubDate: 2017-09-18
      DOI: 10.1453/jepe.v4i3.1360
      Issue No: Vol. 4, No. 3 (2017)
  • The nexus between size and efficacy of government: evidence from OPEC

    • Authors: Lotfali AGHELI
      Pages: 275 - 284
      Abstract: . From classic to modern economic theories, the scope and size of government in economy have been always main topics for economists. The governments have played different roles in a historical context. Provision of public goods is a generally accepted task for all governments. The supply of public goods requires efficient allocation and management of scarce resources. Government efficacy stems from good governance and proper planning and policy-making. This paper aims to bridge from government size to government efficacy the Organization of the Petroleum Exporting Countries (OPEC). To this end, a panel data in the model is estimated during 2002-2015 by using some control variables. Findings indicate a negative relationship between government size and efficacy. In addition, oil rents affect government efficacy negatively. The trade openness result in efficient government. Finally, economic growth has positive effect on result in government effectiveness. According to findings, minimization of government size, injection of oil revenues into Sovereign National Funds (SNFs), adoption of open door policies, and targeting sustainable economic growth give rise to an efficient government.Keywords. Government size, Government effectiveness, Trade openness, Oil rents, OPEC.JEL. F41, F53, H11, P48.
      PubDate: 2017-09-18
      DOI: 10.1453/jepe.v4i3.1370
      Issue No: Vol. 4, No. 3 (2017)
  • On the effects of repeated tax amnesties

    • Authors: Miguel A. SANCHEZ VILLALBA
      Pages: 285 - 301
      Abstract: . We examine empirically the effect of tax amnesties on long term tax collection when such amnesties are used by a government as a regular source of revenue. We use data from the Tucuman province (Argentina) to test the main hypothesis of the model, namely, that amnesties lower the government’s revenue, as they reduce the penalties and make evasion more profitable. We find, however, that amnesties do not affect the long-term revenue. The other main result is in line with the theoretical predictions: the increase in short-run revenue is temporary and only accelerates the collection of the taxes but does not increase the amount collected. Thus, we conclude that amnesties were used only to obtain a short-run surge in revenue and to avoid more fundamental tax reforms.Keywords. Tax amnesties, Tax evasion.JEL. H27, H26, C32.
      PubDate: 2017-09-18
      DOI: 10.1453/jepe.v4i3.1394
      Issue No: Vol. 4, No. 3 (2017)
  • Process capital of Mongolia: Year 2005-2014

    • Authors: Tzu-Yorn KAO, Margad-Erdene SANDUI
      Pages: 302 - 305
      Abstract: . The purpose of this study is to explore and explain what the process capital of Mongolia is, and its national wealth that affect and being affected by national competitive advantage. Using secondary data from worldwide sources in the last 10 years, process capital at national level of analysis was analyzed. Mongolians try to use the limited capital of mining first, but they need to develop knowledge about the more structural part of this nation’s capital framework just to assist industry of limited resources. We propose that this is an important part for business decision-making of policy generation that can be a reference for foreign investors.Keywords. Process capital, National wealth, Intangible assets, Mongolia.JEL. M10, M11, M14.
      PubDate: 2017-09-18
      DOI: 10.1453/jepe.v4i3.1403
      Issue No: Vol. 4, No. 3 (2017)
  • National rural employment guarantee programme and marginal farmer
           households: An assessment

    • Authors: Amit KUNDU
      Pages: 306 - 314
      Abstract: . An important objective of National Rural Employment Guarantee Programme (NREGP) is to create durable community asset and private asset which can enhance agricultural production as well profitability of the farmers through increasing their Gross Cropped area. It can also help the farm households to generate few extra incomes through seeking employment in this programme. An investigation is here done to evaluate the impact of this programme on marginal farmer households of West Bengal. On the basis of difference-in-difference method, it has shown that rapid expansion of NREGP indicates more asset creation in a village economy which becomes helpful for the marginal farmer households to enhance their net farm income and overall income.Keywords. National rural employment guarantee progarmme, Marginal farm households, Impact evaluation, Difference-in-difference method, Gross cropped area, Net farm income, Total income.JEL. Q12, R28, C33, C36, C93.
      PubDate: 2017-09-18
      DOI: 10.1453/jepe.v4i3.1395
      Issue No: Vol. 4, No. 3 (2017)
  • Avner Offer & Gabriel Söderberg, The Nobel Factor: The Prize in
           Economics, Social Democracy, and The Market Turn

    • Authors: Scott Alan CARSON
      Pages: 315 - 317
      PubDate: 2017-09-18
      DOI: 10.1453/jepe.v4i3.1432
      Issue No: Vol. 4, No. 3 (2017)
School of Mathematical and Computer Sciences
Heriot-Watt University
Edinburgh, EH14 4AS, UK
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