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351. Volume 66 Issue 1

Author:
Haluk Alkan
Publication Date:
01-2016
Content Type:
Journal Article
Journal:
Istanbul Journal of Economics
Institution:
Istanbul University Faculty of Economics
Abstract:
Istanbul Journal of Economics-İstanbul İktisat Dergisi is an open access, peer-reviewed, scholarly journal published two times a year in June and December. It has been an official publication of Istanbul University Faculty of Economics since 1939. The manuscripts submitted for publication in the journal must be scientific and original work in Turkish or English. Being one of the earliest peer-reviewed academic journals in Turkey in the area of economics, Istanbul Journal of Economics-İstanbul İktisat Dergisi aims to provide a forum for exploring issues in basicly economics and publish both disciplinary and multidisciplinary articles. Economics is the main scope of the journal. However, multidisciplinary and comparative approaches are encouraged as well and articles from various social science areas such as sociology of economics, history, social policy, international relations, financial studies are welcomed in this regard. The target group of the journal consists of academicians, researchers, professionals, students, related professional and academic bodies and institutions.
Topic:
Economics, International Political Economy, Income Inequality, and Political Science
Political Geography:
Europe, Turkey, and Global Focus

352. Volume 66 Issue 2

Author:
Haluk Alkan
Publication Date:
06-2016
Content Type:
Journal Article
Journal:
Istanbul Journal of Economics
Institution:
Istanbul University Faculty of Economics
Abstract:
Istanbul Journal of Economics-İstanbul İktisat Dergisi is an open access, peer-reviewed, scholarly journal published two times a year in June and December. It has been an official publication of Istanbul University Faculty of Economics since 1939. The manuscripts submitted for publication in the journal must be scientific and original work in Turkish or English. Being one of the earliest peer-reviewed academic journals in Turkey in the area of economics, Istanbul Journal of Economics-İstanbul İktisat Dergisi aims to provide a forum for exploring issues in basicly economics and publish both disciplinary and multidisciplinary articles. Economics is the main scope of the journal. However, multidisciplinary and comparative approaches are encouraged as well and articles from various social science areas such as sociology of economics, history, social policy, international relations, financial studies are welcomed in this regard. The target group of the journal consists of academicians, researchers, professionals, students, related professional and academic bodies and institutions.
Topic:
Economics, Environment, Health, International Political Economy, Political Science, and Air Pollution
Political Geography:
Turkey and Global Focus

353. The Political Economy of Industrial Policy

Author:
Vinod K Aggarwal and Sonia Aggarwal
Publication Date:
07-2016
Content Type:
Working Paper
Institution:
Berkeley APEC Study Center
Abstract:
Does the new IP debate fundamentally change the rationale for intervention? Are the new tools of intervention radically different from those we have seen before? Is the new IP easier to implement than import substitution industrialization that marked the economic policies of most developing countries from the 1950s to the early 1980s? And what constraints are countries likely to face if they try to pursue IP? By reviewing both the old and new claims about IP, and by focusing in particular on the political economy of IP, the goal of this paper is to provide analytical survey of the current lay of the land with respect to our understanding of the benefits and pitfalls in the pursuit of IP.
Topic:
Economics, Political Economy, and Industry
Political Geography:
Asia and Global Focus

354. To foster sustainable development, cities need data—and permission to use it

Author:
Solomon Greene, Benjamin Edwards, and G. Thomas Kingsley
Publication Date:
05-2016
Content Type:
Commentary and Analysis
Institution:
Urban Institute
Abstract:
Cities are where sustainable development challenges like poverty and disaster risk are felt most acutely, particularly as the world’s population shifts to urban areas. But cities can also be incubators for the policies to address those challenges, and local leaders increasingly hold the keys to fostering inclusive growth and mitigating climate change. Fortunately, city leaders across the globe are rallying behind sustainable development in all its dimensions: environmental sustainability, economic opportunity, and social inclusion. Mayors and local leaders were instrumental in securing a dedicated goal on inclusive and sustainable cities in the United Nations’s 2030 Agenda and framework of 17 high-level Sustainable Development Goals (SDGs), signed by all member states at a historic summit last September. Since then, hundreds of local leaders have made commitments to support SDGs in their cities, forming new global networks and designing local implementation plans.
Topic:
Economics, Environment, Sustainable Development Goals, and Cities
Political Geography:
Global Focus

355. The G20 and Global Governance

Author:
Stephen Kirchner
Publication Date:
10-2016
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
The Group of 20 sees itself as “the premier forum for international economic cooperation” (G20 2009b). This article examines its evolution and performance, and member countries’ compliance with G20 summit commitments. The G20 evolved as a response to the shortcomings of its predecessor, the G7/8. Yet its creation allowed member countries to avoid confronting many of the problems that arose out of the earlier forum. The best defense of the G20 is that it is the only institution of its type, but it still consumes scarce political and diplomatic capital, sometimes to the detriment of the policy objectives to which it is notionally committed. In this article, I compare data on members’ compliance with G20 summit commitments to proxy measures of the quality of domestic policies and institutions. While the proxies predict G20 compliance, it turns out that G20 compliance has no power to predict subsequent changes in domestic policies and institutions. The main implication of this data is that international economic and political cooperation is a symptom, not a cause, of domestic policies and institutions. Improvement in domestic policies makes the best contribution to advancing the G20 agenda, but such improvements do not appear to depend on the G20 process.
Topic:
Economics, International Cooperation, Governance, and G20
Political Geography:
Global Focus

356. Rethinking the International Monetary System

Author:
John B. Taylor
Publication Date:
06-2016
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
In previous articles in the annual monetary issue of the Cato Journal, I drew on historical facts and economic theory to explain the benefits of rules-based monetary policy and why legislation could help the United States reap those benefits (Taylor 2011, 2013a). In this article, I discuss the international aspects of monetary policy, a subject often glossed over in modern debates about rules-based policy, at least compared with discussions about the classic rulesbased gold standard.
Topic:
Economics, International Cooperation, and Monetary Policy
Political Geography:
North America, Global Focus, and United States of America

357. Globalization

Publication Date:
01-2016
Content Type:
Course Pack
Institution:
Columbia International Affairs Online
Abstract:
Globalization is a framework for describing many affiliated worldwide developments. Globalization isn't simply more of the ongoing process of internationalization; rather it describes the increasing ease with which technologies, people, goods, services and capital move transnationally. But the term is also widely used to convey such elements as universalization and changes to sovereignty. While many embrace it, others fear it. Former Federal Reserve chairman Alan Greenspan has suggested that opposition to globalization could have the effect of reversing progress on free trade. The International Forum on Globalization is one organization that seeks to reverse globalization. The readings in this course pack focus on the many facets of globalization.
Topic:
Economics, Globalization, International Trade and Finance, Political Economy, and International Affairs
Political Geography:
Global Focus

358. Explaining the Prevalence, Scaling and Variance of Urban Phenomena

Author:
Andres Gomez-Lievano, Oscar Patterson-Lomba, and Ricardo Hausmann
Publication Date:
12-2016
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
The prevalence of many urban phenomena changes systematically with population size1. We propose a theory that unifies models of economic complexity2, 3 and cultural evolution4 to derive urban scaling. The theory accounts for the difference in scaling exponents and average prevalence across phenomena, as well as the difference in the variance within phenomena across cities of similar size. The central ideas are that a number of necessary complementary factors must be simultaneously present for a phenomenon to occur, and that the diversity of factors is logarithmically related to population size. The model reveals that phenomena that require more factors will be less prevalent, scale more superlinearly and show larger variance across cities of similar size. The theory applies to data on education, employment, innovation, disease and crime, and it entails the ability to predict the prevalence of a phenomenon across cities, given information about the prevalence in a single city.
Topic:
Economics, Urbanization, Employment, and Economic Theory
Political Geography:
Global Focus and United States of America

359. The New Economic Case for Migration Restrictions

Author:
Michael Clemens and Lant Pritchett
Publication Date:
02-2016
Content Type:
Working Paper
Institution:
The John F. Kennedy School of Government at Harvard University
Abstract:
For decades, migration economics has stressed the effects of migration restrictions on income distribution in the host country. Recently the literature has taken a new direction by estimating the costs of migration restrictions to global economic efficiency. In contrast, a new strand of research posits that migration restrictions could be not only desirably redistributive, but in fact globally efficient. This is the new economic case for migration restrictions. The case rests on the possibility that without tight restrictions on migration, migrants from poor countries could transmit low productivity ("A" or Total Factor Productivity) to rich countries—offsetting efficiency gains from the spatial reallocation of labor from low to high-productivity places. We provide a novel assessment, proposing a simple model of dynamically efficient migration under productivity transmission and calibrating it with new macro and micro data. In this model, the case for efficiency-enhancing migration barriers rests on three parameters: transmission, the degree to which origin-country total factor productivity is embodied in migrants; assimilation, the degree to which migrants’ productivity determinants become like natives’ over time in the host country; and congestion, the degree to which transmission and assimilation change at higher migrant stocks. On current evidence about the magnitudes of these parameters, dynamically efficient policy would not imply open borders but would imply relaxations on current restrictions. That is, the new efficiency case for some migration restrictions is empirically a case against the stringency of current restrictions.
Topic:
Economics, Migration, Labor Issues, and Economy
Political Geography:
Global Focus

360. Efficiency, Finance, and Varieties of Industrial Policy: Guiding Resources, Learning, and Technology for Sustained Growth

Author:
Akbar Norman and Joseph E. Stiglitz
Publication Date:
11-2016
Content Type:
Book
Institution:
Columbia University Press
Abstract:
Industrial policy, once relegated to resource allocation, technological improvements, and the modernization of industries, should be treated as a serious component of sustainability and developmental economics. A rich set of complimentary institutions, shared behavioral norms, and public policies have sustained economic growth from Britain's industrial revolution onwards. This volume revisits the role of industrial policy in the success of these strategies and what it can offer developed and developing economies today. Featuring essays from experts invested in the expansion of industrial policies, topics discussed include the most effective use of industrial policies in learning economies, development finance, and promoting investment in regional and global contexts. Also included are in-depth case studies of Japan and India's experience with industrial policy in the banking and private sector. One essay revisits the theoretical and conceptual foundations of industrial policy from a structural economics perspective and another describes the models, packages, and transformation cycles that constitute a variety of approaches to implementation. The collection concludes with industrial strategies for facilitating quality growth, realizing more sustainable manufacturing development, and encouraging countries to industrialize around their natural resources.
Topic:
Economics, Industrial Policy, Natural Resources, and Finance
Political Geography:
Global Focus
Publication Identifier:
9780231542777
Publication Identifier Type:
ISBN