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11. The Collateral Channel within and between Countries

Author:
Jérôme Héricourt, Jean Imbs, and Lise Patureau
Publication Date:
10-2024
Content Type:
Working Paper
Institution:
Centre d'Etudes Prospectives et d'Informations Internationales (CEPII)
Abstract:
We examine the response of investment to real estate prices among French firms from 1994 to 2015. Using newly introduced methods and specifications, we find that investment sensitivity to real estate prices decreases with firm size: The smallest firms are at least three times more responsive to changes in collateral value compared to the largest firms. We impute these estimates onto other countries where available data lack firm-level detail. This approach allows us to assess the aggregate sensitivity of investment to real estate prices across different countries. Our results indicate significant variation in the sensitivity of aggregate investment to real estate shocks, driven by cross country differences in the size distribution of firms.
Topic:
Investment, Real Estate, Collateral Channel, and Firm Heterogeneity
Political Geography:
Europe and France

12. Media Coverage of Immigration and the Polarization of Attitudes

Author:
Sarah Schneider-Strawczynski and Jerome Valette
Publication Date:
01-2024
Content Type:
Working Paper
Institution:
Centre d'Etudes Prospectives et d'Informations Internationales (CEPII)
Abstract:
This paper investigates the effect of media coverage on immigration attitudes. It combines data on immigration coverage in French television with individual panel data from 2013 to 2017 that records respondents’ preferred television channel and attitudes toward immigration. The analysis focuses on within-individual variations over time, addressing ideological self-selection into channels. We find that increased coverage of immigration polarizes attitudes, with initially moderate individuals becoming more likely to report extremely positive and negative attitudes. This polarization is mainly driven by an increase in the salience of immigration, which reactivates preexisting prejudices, rather than persuasion effects from biased news consumption.
Topic:
Immigration, Media, Polarization, and Salience
Political Geography:
Europe and France

13. Foreign Direct Investment, Brand Value, and Economic Performance: A Multinational Analysis

Author:
Tuba Yıldız, Ünal Arslan, Zeynep Ökten, Yıldız Sağlam Çelıköz, and Hale Kırmızıoğlu
Publication Date:
06-2024
Content Type:
Journal Article
Journal:
Istanbul Journal of Economics
Institution:
Istanbul University Faculty of Economics
Abstract:
The visibility and dependability of multinational corporations’ products increase with the fact that they introduce their goods to markets in other nations through foreign direct investments. The method for presenting products to international markets through foreign direct investments reveals the product’s reputation and therefore the brand’s development value. This study examines the relationship between foreign direct investments and brand value in Australia, Canada, China, France, India, Japan, Spain, the USA, and the UK for the period 2007-2023. The majority of studies in the literature attempt to explain the impact of brand value on foreign direct investments. However, very few studies explain the impac foreign direct investments on brand value and 1st generation unit root tests were generally used. Unlike existing studies, In this study, the second-generation unit root test, Durbin-Hausman cointegration, and Common Correlated Effects Mean Group estimation methods were used. As a result, it is anticipated that this study will contribute to the literature in this regard. The findings show that increases in foreign direct investments boost brand value.
Topic:
Economics, Foreign Direct Investment, Multinational Corporations, Data, and Branding
Political Geography:
Japan, China, United Kingdom, Canada, India, France, Spain, Australia, Global Focus, and United States of America

14. Public Opinion and Development Policy: Alignment Needed

Author:
Irene Paviotti
Publication Date:
04-2024
Content Type:
Commentary and Analysis
Institution:
Istituto Affari Internazionali
Abstract:
The crises of the past few years have significantly affected the volumes of official development assistance (ODA) – also known as aid – provided by traditional donors. 2023 marked the fifth consecutive year for increased ODA allocations globally: total volumes reached 223.7 billion US dollars, a significant increase from the 160 billion US dollars provided in 2019. The succession of the Covid-19 pandemic, the Russian war of aggression against Ukraine and, most recently, the flare-up of the Israel-Palestine conflict contributed to such increase. Absolute volumes however position members of the Organisation for Economic Co-operation and Development’s Development Assistance Committee (OECD DAC), that is, traditional donors, still far away from the United Nations target of allocating 0.7 per cent of gross national income (GNI) to ODA – in 2023, the OECD average hovered around 0.37 per cent.[1] Although this percentage is the highest in 55 years,[2] the need for concessional finance for developing countries has arguably never been more urgent. The challenges brought about by an ever-worsening climate crisis, coupled with long-standing issues such as poverty and poor health are enough to justify increased ODA, according to practitioners.[3] These figures are usually (and rightly) discussed from such outward impact perspective – how will a less generous donor affect the beneficiaries whose livelihoods its ODA supports? The input dimension, that is, whether these policies align with a country’s public sentiment on ODA, is however relatively less explored. ODA is public funding, so it might be legitimate to ask: where does public opinion stand on aid, and what could this possibly mean for development policy and practice?
Topic:
Development, Public Opinion, and Economic Aid
Political Geography:
United Kingdom, Europe, France, Germany, Italy, and United States of America

15. Artillery in Present and Future High-Intensity Operations

Author:
Elio Calcagno, Bryan Clark, Sam Cranny-Evans, Alessandro Marrone, Nicolò Murgia, and Eugenio Po
Publication Date:
09-2024
Content Type:
Working Paper
Institution:
Istituto Affari Internazionali
Abstract:
The Ukraine war has highlighted among NATO allies the importance of planning for protracted, large-scale, and high-intensity conflicts. In this context, artillery capabilities have regained significance, with a clear emphasis on survivability, quality, quantity, range, but also on adequate munition stocks and production capacity. However, successful integration into a wider array of capabilities (including long range precision fires) and advanced Intelligence Surveillance Target Acquisition and Reconnaissance (ISTAR) capabilities are crucial for an effective artillery force. Meanwhile, in the maritime domain, recent events in the Red Sea have shown how naval artillery is gaining a prominent role as a cost-effective solution to defence from drone and swarming threats.
Topic:
Defense Policy, NATO, Procurement, and Russia-Ukraine War
Political Geography:
Russia, United Kingdom, Ukraine, France, Italy, and United States of America

16. Health Care for Women: How the U.S. Compares Internationally

Author:
Munira Z. Gunja, Relebohile Masitha, and Laurie Zephyrin
Publication Date:
08-2024
Content Type:
Policy Brief
Institution:
Commonwealth Fund
Abstract:
Recently released federal data once again show the United States with by far the highest rate of maternal deaths of any high-income nation, despite a decline since the COVID-19 pandemic.1 Racial disparities are also extreme: Black women in the U.S. are nearly three times more likely to die from pregnancy-related complications than white women are. But maternal deaths and complications may be an indicator of the nation’s wider failures with respect to women’s health and health care. Compared to women in other high-income countries, American women have long had worse access to the health care they need. While the U.S. spends more on health care than other countries do, surveys regularly find that Americans avoid seeking care because of costs at the highest rates, even as the U.S. continues to lead in the prevalence of chronic disease.2 At the same time, limited access to primary care and inadequate coordination of health services are likely factors in the nation’s poor performance when it comes to the prevention, diagnosis, and management of diseases.3 In this brief, we compare selected measures of health care access and outcomes for women in high-income countries. We drew upon data from four sources: the Commonwealth Fund’s 2023 International Health Policy Survey of Australia, Canada, France, Germany, the Netherlands, New Zealand, Switzerland, the United Kingdom, and the United States, which allowed us to analyze responses by race and ethnicity;4 the Centers for Disease Control and Prevention National Vital Statistics System; the Organisation for Economic Co-operation and Development (OECD); and the Institute for Health Metrics and Evaluation Global Burden of Disease. The latter two data sets permitted us to show results on selected measures for five additional countries — Chile, Japan, Korea, Norway, and Sweden. (See “How We Conducted This Survey” for more details.)
Topic:
Women, Public Health, Healthcare System, and Life Expectancy
Political Geography:
United Kingdom, Canada, France, Germany, Australia, and United States of America

17. Finger on the Pulse: The State of Primary Care in the U.S. and Nine Other Countries

Author:
Evan D. Gumas, Corinne Lewis, Celli Horstman, and Munira Z. Gunja
Publication Date:
03-2024
Content Type:
Policy Brief
Institution:
Commonwealth Fund
Abstract:
For many people, primary care is their first point of contact with the health system, and decades of evidence shows it is critical for population health, health equity, and the overall efficiency of health care systems.1 Primary care is also uniquely positioned to screen for social needs and provide integrated behavioral health services.2 Ensuring people have access to high-quality, comprehensive primary care is vital to good health outcomes and positive experiences with the health system at large. Despite the importance of primary care, health systems around the world are facing challenges at the patient and provider level. Many countries struggle to ensure access to care, or first contact; continuity of care; comprehensiveness of care; and coordination of care. These four core components of high-quality primary care are essential to better overall health outcomes.3 Factors like workforce shortages, physician burnout, and dwindling access for patients, driven in part by underinvestment and growing administrative burdens, pose significant barriers to care.4 To better understand how patient care can be improved in a changing primary care landscape, this brief compares the state of primary care in the United States with nine other high-income nations. It updates an earlier Commonwealth Fund study comparing primary care performance in the U.S. with nine peer countries: Australia, Canada, France, Germany, the Netherlands, New Zealand, Sweden, Switzerland, and the United Kingdom. Our data come from the Commonwealth Fund’s 2022 International Health Policy Survey of Primary Care Physicians and the 2023 International Health Policy Survey of adults age 18 and older. The 2022 and 2023 surveys asked different questions of the participating physicians and responding adults, so this edition includes new measures on access to telehealth, preparedness to treat behavioral health conditions, and care coordination. For more details on our methods, see “How We Conducted This Study.”
Topic:
Equity, Primary Care, and Healthcare System
Political Geography:
United Kingdom, Canada, France, Germany, Australia, Switzerland, North America, Sweden, Netherlands, New Zealand, and United States of America

18. Insights into the U.S. Maternal Mortality Crisis: An International Comparison

Author:
Munira Z. Gunja, Evan D. Gumas, Relebohile Masitha, and Laurie Zephyrin
Publication Date:
06-2024
Content Type:
Policy Brief
Institution:
Commonwealth Fund
Abstract:
The United States continues to have the highest rate of maternal deaths of any high-income nation, despite a decline since the COVID-19 pandemic. And within the U.S., the rate is by far the highest for Black women. Most of these deaths — over 80 percent — are likely preventable.1 With policies and systems in place to support women during the perinatal period, several high-income countries report virtually no maternal deaths. As policymakers and health care delivery system leaders in the U.S. seek ways to end the nation’s maternal mortality crisis, these countries may offer viable solutions. This brief updates an earlier Commonwealth Fund study of differences in maternal mortality, maternal care workforce composition, and access to postpartum care and social protections between the U.S. and other high-income countries: Australia, Canada, France, Germany, the Netherlands, New Zealand, Norway, Sweden, Switzerland, and the United Kingdom.2 In this edition, we have also included data on Chile, Japan, and Korea — all high-income countries with universal health care systems. For our analysis, we used the most recently available data from the U.S. Centers for Disease Control and Prevention (CDC) and from the Organisation for Economic Co-operation and Development (OECD), of which the U.S. is a member. Where country-specific data are more than five years old, we note whether more recent published data from other sources are available for that country. Readers should be aware that because the methods we used to derive updated numbers from other sources may be different from methods the OECD uses, data points may not be comparable to the U.S. rates. For complete details on our methods, see “How We Conducted This Study.”
Topic:
Development, Inequality, Public Health, and Maternal Mortality
Political Geography:
United Kingdom, Canada, Norway, France, Germany, Australia, Switzerland, North America, Sweden, Netherlands, New Zealand, and United States of America

19. The Sahel intervention as a case study of France’s security policy in Sub-Saharan Africa

Author:
Pavlos Petidis
Publication Date:
03-2024
Content Type:
Policy Brief
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
The analysis traces France’s shift from a unilateral approach, exemplified by the Françafrique policy, to a more multilateral and regionally integrated strategy in Sub-Saharan Africa, particularly in the Sahel region. The Rwandan genocide in 1994 marked a pivotal moment for French policy, prompting a transition towards greater emphasis on multilateralism and regional security initiatives, influenced by lessons learned from past interventions. France’s engagement in the Sahel has been guided by the principle of “African solutions to African problems,” as evidenced by efforts to support regional initiatives and collaborate with African-led peacekeeping missions. Despite efforts to engage the European Union in Sahelian security issues, France has encountered challenges in achieving meaningful European involvement due to divergent priorities among EU member states and skepticism towards intervention in African affairs. The text highlights the complexities of operational effectiveness in French military interventions, with factors such as institutional coordination, resource allocation, and strategic objectives influencing outcomes. France’s efforts to coordinate with EU initiatives and other international actors in the Sahel have been hindered by overlapping responsibilities, divergent mandates, and competition among stakeholders, leading to implementation challenges. Public opinion in Mali regarding French military presence has evolved from initial support to skepticism and criticism, fueled by perceptions of France’s colonial legacy, operational shortcomings, and conspiracy theories. President Macron’s approach to Africa seeks to redefine France’s relationship with its former colonies, emphasizing partnership and mutual respect while addressing historical grievances and promoting economic cooperation. Rising violence, political instability, and governance challenges in the Sahel region pose significant obstacles to France’s intervention efforts and highlight the need for comprehensive, sustainable solutions. France faces a dilemma between promoting democratic values and protecting its strategic interests in Africa, amidst shifting regional dynamics and growing scrutiny of its interventionist policies. Collaborative approaches with European partners and nuanced policy conversations are deemed essential for navigating this complex landscape.
Topic:
Security, Foreign Policy, Military Intervention, and Institutions
Political Geography:
Africa, France, Sahel, and Sub-Saharan Africa

20. Non-meritocrats or choice-reluctant meritocrats? A redistribution experiment in China and France

Author:
Margot Belguise, Yuchen Huang, and Zhexun Mo
Publication Date:
06-2024
Content Type:
Working Paper
Institution:
Nottingham Interdisciplinary Centre for Economic and Political Research (NICEP)
Abstract:
Recent experimental evidence contends that meritocratic ideals are mainly a Western phenomenon. Intriguingly, the Chinese public does not appear to differentiate between merit- and luck-based inequalities, despite China’s historical emphasis on meritocratic institutions. We propose that this phenomenon could be due to the Chinese public’s greater reluctance to make an active choice in realstake redistribution decisions. We run an incentivized redistribution experiment with elite university students in China and France, by varying the initial split of payoffs between two real-life workers to redistribute from. We show that, compared to French respondents, Chinese respondents consistently and significantly choose more non-redistribution across both highly unequal and relatively equal status quo scenarios. Additionally, we also find that Chinese respondents do differentiate between merit- and luck-based inequalities, and do not redistribute less than the French, excluding the individuals who engage in non-redistribution choices. Chinese respondents are also as reactive as the French towards scenarios with noisy signals of merit, such as inequalities of opportunities. Ultimately, we contend that the reluctance to make an active choice is indicative of diminished political agency to act upon redistribution decisions with real-life stakes, rather than apathy, inattention, having benefited from the status quo in Chinese society or libertarian preferences among the Chinese. Notably, our findings show that Chinese individuals’ reluctance to make a choice is particularly pronounced among those from families of working-class and farming backgrounds, while it is absent among individuals whose families have closer ties to the private sector.
Topic:
Labor Issues, Class, Institutions, Redistribution, and Meritocracy
Political Geography:
China, Europe, Asia, and France