JournalTOCs

International Journal of Public Policy
Journal Prestige (SJR): 0.128

Number of Followers: 5

Hybrid journal (It can contain Open Access articles)
ISSN (Print) 1740-0600 - ISSN (Online) 1740-0619
Published by Inderscience Publishers

[451 journals]

The purchasing managers' index as a predictor of the economic
situation during COVID-19 and its relevance for decision making
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  Authors: Seyedehfatemeh Golrizgashti, Hadi Mohammadi Bidhandi, Mohsen Safari, Hirad Hodaei
  Pages: 1 - 12
  Abstract: The economic crisis of the coronavirus differs from all previous ones because of its particularities. There is a simultaneous destruction of demand and supply. It is difficult to know the real impact that the COVID-19 crisis has had on international trade, as it is not usually visible in the short term in most data. However, from indicators such as the purchasing managers' index (PMI) we can get to know the extent of the global slowdown that is taking place. This paper tries to determine the information capacity of the PMI and its importance in previous decision making. To this end, we have analysed the correlation between the PMI and GDP in the European Union, one of the areas that is being most affected by the COVID-19. In addition, some of the possible economic measures by public authorities to reduce the impact of the pandemic are analysed.
  Keywords: COVID-19; purchasing manager index; PMI; GDP; economic crisis
  Citation: International Journal of Public Policy, Vol. 16, No. 1 (2021) pp. 1 - 12
  PubDate: 2022-04-07T23:20:50-05:00
  DOI: 10.1504/IJPP.2021.121893
  Issue No: Vol. 16, No. 1 (2022)
Analysis of the impact of monetary policy shocks on domestic output growth
in Nigeria: evidence from dynamic ARDL and VECM tests
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  Authors: Paul Terhemba Iorember, Gylych Jelilov, Nargiza Alymkulova, Solomon Gbaka
  Pages: 13 - 25
  Abstract: The study analyses the impact of monetary policy shocks on domestic output growth in Nigeria from 1981 to 2019, using ARDL and VECM Granger causality. Employing three monetary policy variables of interest rate, broad money supply and exchange rate, the empirical results establish that shocks in money supply have positive impact on domestic output growth in the long-run, while shocks in interest rate and exchange rate have negative impact on domestic output growth in the long-run. Furthermore, the results affirm a unidirectional causality from money supply to real gross domestic product, and from real gross domestic product and interest rate to exchange rate in Nigeria. The study recommends that the use of the interest rate channel in pursuing the goal of output growth should be applied with caution, while the money supply tools should be made more vibrant, towards achieving increased domestic output growth.
  Keywords: monetary policy shocks; domestic output; expansionary policy; contractionary policy; ARDL
  Citation: International Journal of Public Policy, Vol. 16, No. 1 (2021) pp. 13 - 25
  PubDate: 2022-04-07T23:20:50-05:00
  DOI: 10.1504/IJPP.2021.121955
  Issue No: Vol. 16, No. 1 (2022)
Fiscal policy stance in the European Union
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  Authors: Maria Teresa Medeiros Garcia, Pedro David Torres Coelho
  Pages: 26 - 52
  Abstract: The objective of the paper is to study the relationship between the fiscal policy stance and the four variables of fiscal rules, government decentralisation, financial stress, and the electoral calendar in 28 member countries of the European Union, covering the period from 1990 to 2017. Although these relationships have been considered in the literature, there is no finding concerning these four variables simultaneously, neither for this number of countries, nor this particular time-period. Using ordinary least squares and the two-stage least squares estimators for an unbalanced panel dataset, as well as three fiscal policy stance indicators (primary balance, primary expenditure, and cyclically adjusted primary balance), the findings suggest a negative relationship between the fiscal policy stance and the level of taxation decentralisation. Furthermore, the results indicate that in years characterised by increased financial stress, the indicators of fiscal policy stance deteriorated and no statistically-significant relationships exist between budgetary outcomes, fiscal rules, and the electoral calendar, respectively.
  Keywords: fiscal policy; decentralisation; fiscal rules; financial stress; elections; European Union
  Citation: International Journal of Public Policy, Vol. 16, No. 1 (2021) pp. 26 - 52
  PubDate: 2022-04-07T23:20:50-05:00
  DOI: 10.1504/IJPP.2021.121988
  Issue No: Vol. 16, No. 1 (2022)
The challenges of socio-economic policy of the USA: economic growth vs.
population well-being?
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  Authors: Evgeniya K. Karpunina, Ekaterina E. Mirgorod, Gulnaz F. Galieva, Anna V. Antoshkina, Dmitry I. Vorobyev
  Pages: 53 - 75
  Abstract: Modern states are searching for an optimal socio-economic policy model that ensures long-term economic growth and creates prerequisites for improving the well-being of the population. The purpose of the research is to analyse the socio-economic development of the USA in the period 1990-2019 as a reflection of the state policy, as well as to assess its compliance with the goals of ensuring the well-being of the population. The authors attempt a comprehensive analysis of socio-economic indicators that reflect the level of well-being of Americans in comparison with similar indicators of developed countries leading in terms of GDP (Japan, Germany, France, UK). The article identifies problem areas of social well-being in the USA. The calculation of the integral indicator of the well-being of the US population confirms the results of the analysis of socio-economic indicators. It shows an increased focus of socio-economic policy on the welfare of the population.
  Keywords: socio-economic development; population well-being; socio-economic policy; USA; poverty level; household income; expenditure
  Citation: International Journal of Public Policy, Vol. 16, No. 1 (2021) pp. 53 - 75
  PubDate: 2022-04-07T23:20:50-05:00
  DOI: 10.1504/IJPP.2021.121994
  Issue No: Vol. 16, No. 1 (2022)