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Begin New Search Topic Economic Policy Publication Year within 25 Years

41. Inequality beyond GDP: A Long View

Author:
Leandro Prados de la Escosura
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
In the past century and a half, substantial gains in wellbeing have been achieved across the board. This can be observed for the main dimensions of well‐​being: health, education, political voice, civil liberties, personal security, and material well‐​being. However, in the study of international well‐​being and its distribution, the focus remains on income. My research addresses multidimensional well‐​being and raises some questions. How have the gains from well‐​being dimensions been distributed? Do relative and absolute inequality move together? What drives relative inequality? Which parts of the distribution achieved larger gains over time in relative and absolute terms?
Topic:
GDP, Inequality, Economic Policy, and Well-Being
Political Geography:
Global Focus

42. Impact of Colonial Institutions on Economic Growth and Development in India: Evidence from Night Lights Data

Author:
Priyaranjan Jha and Karan Talathi
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
Many cross‐​country studies find that quality of historical institutions is a major cause of disparity in present‐​day economic development as measured by income per capita. Due to the unavailability of data on a comprehensive measure of development such as per capita income, studies examining the role of historical institutions on development at the subnational levels use alternate proxies of economic well‐​being in their analysis. We examine the long‐​term effects of British colonial institutions on overall economic development within India using satellite night lights data.
Topic:
Development, Economic Growth, Colonialism, Economic Policy, and Institutions
Political Geography:
South Asia and India

43. The Smoot‐​Hawley Trade War

Author:
Kris James Mitchener, Kirsten Wandschneider, and Kevin H. O'Rourke
Publication Date:
11-2021
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
In the words of Robert J. Samuelson, “The ghost of Smoot‐​Hawley seems to haunt President Trump.” As fears of a trade war between the United States and China grew after the U.S. presidential election of 2016, many commentators drew this link between the signing of the Smoot‐​Hawley Tariff Act of 1930 and recent trade disputes. And the consensus was that the trade wars of the 1930s were an ominous portent of what might await the world if Donald Trump’s protectionist impulses were not checked.
Topic:
Tariffs, Trade Wars, Economic Policy, and Imports
Political Geography:
China and United States of America

44. The Economic Geography of Global Warming

Author:
José‐​Luis Cruz
Publication Date:
12-2021
Content Type:
Policy Brief
Institution:
The Cato Institute
Abstract:
The world is getting warmer due to carbon emissions generated by the economic activity of humans. Global carbon emissions will affect temperatures everywhere over long periods of time and in geographically different ways. What will be the impact of carbon emissions, and the implied changes in temperatures, on the world economy and on the economies of particular regions? How will individuals react to these changes, and how are these reactions impacted by their ability to migrate, trade, or invest and develop alternative centers of economic activity? What are the best policies to combat global warming, and what are the implications of these policies for different regions across the world? We propose and quantify a novel model to address these questions.
Topic:
Climate Change, Migration, Economic Policy, Innovation, Trade, and Carbon Emissions
Political Geography:
Global Focus

45. Building Infrastructure in Real Time: Avoiding Regulatory Paralysis

Author:
Committee for Economic Development of the Conference Board
Publication Date:
09-2021
Content Type:
Policy Brief
Institution:
The Conference Board
Abstract:
The physical infrastructure base of the US economy, once an advantage in global competition, has become a liability. This problem has multiple causes, several of which CED has addressed in recent policy statements, and our nation’s elected policymakers are now taking up the need for additional funding. But the nation needs not only adequate funding but also a more-efficient regulatory process for our infrastructure investment—choosing the right projects, with the minimum delay, and executing them at the least possible cost. Regulatory paralysis is one of the causes of our infrastructure shortfall. It needs attention if we are going to spend our tax dollars on infrastructure wisely and efficiently so that the US economy remains globally competitive. Streamlining regulatory procedures, promoting competition, and cutting red tape across federal, state, and local governments are key to increasing investment, decreasing cost, and maximizing efficiency. Business as usual will not suffice. It takes too long and costs too much to deliver infrastructure projects, preventing us from achieving the advancements and improvements that a future-focused, competitive economy requires. CED has consistently advocated “smart regulation,” subjecting new regulations to rigorous cost-benefit analysis and reviewing existing regulations for continuing cost effectiveness to enhance efficiency and achieve quicker execution, greater benefits, and lower costs. With long delays between project conception and execution, and often multiple layers of jurisdiction and review, a smart regulation approach could ensure that the rules governing review and permitting of projects address all important concerns and ensure that net benefits are maximized over time at all levels of government on a comprehensive and timely basis.
Topic:
Economics, Infrastructure, Governance, Regulation, Business, Economic Policy, and Strategic Competition
Political Geography:
North America and United States of America

46. Stealing the Genie from the Lamp: The Politics of Energy and Justice in Canada

Author:
Lauren Kathryn Johnson
Publication Date:
05-2021
Content Type:
Journal Article
Journal:
Journal of Public and International Affairs (JPIA)
Institution:
School of Public and International Affairs (SPIA), Princeton University
Abstract:
As countries across the world intensify their commitments to mitigating the worst effects of climate change, activists, scholars, and regular citizens are demanding more from this transition than the mere substitution of fossil fuels with low-carbon forms of energy. Increasingly, many call for an energy system that better distributes the benefits that energy provides and more fairly spreads the costs that its production and use creates. However, it is not only those seeking to right past inequities that call for a just transition: justice is a rhetorical device that opponents of the clean energy transition can use to slow its progress. This paper will engage with the conflicting roles that various actors’ sense of justice plays in Canada’s transition to a decarbonized economy. First, it will consider how opposition to Canada’s carbon price was fueled by a sentiment that it would unjustly destroy an industry that many Canadians depend on for employment. The following section explores how the strategic use of energy democracy, or the involvement of people in the decision-making and ownership of clean energy infrastructure, could build political will for the clean energy transition across Canada. This paper ultimately argues that by designing this transition so that it directly benefits as many Canadians as possible, and ensuring that every citizen understands those benefits, Canadian decision-makers can fortify climate policies to withstand false claims and perceptions of injustice.
Topic:
International Relations, Climate Change, Energy Policy, Economic Policy, and Justice
Political Geography:
Canada and North America

47. Learning from COVID-19: How to make care central to economic policy around the world

Author:
Ruth Pearson and Eva Neitzert
Publication Date:
09-2021
Content Type:
Working Paper
Institution:
Center on International Cooperation (CIC)
Abstract:
After decades of neglect, the COVID-19 pandemic has made visible the vital role that the care economy plays in the functioning of economies and societies—and highlighted the deep crisis at the heart of it. Care recipients and providers of care have been on the COVID-19 frontlines, and the ability of governments to mount an effective response to the pandemic has been hampered by decades of policies that undervalued and neglected the care economy.
Topic:
Economic Policy, COVID-19, and Health Crisis
Political Geography:
Global Focus

48. Adapting to change: Time for climate resilience and a new adaptation strategy

Author:
Marco Giuli, Annika Hedberg, and Sofia López Piqueres
Publication Date:
03-2020
Content Type:
Working Paper
Institution:
European Policy Centre (EPC)
Abstract:
Even if we were to radically change our behaviours and economic policies now, it wouldn’t be enough to stop all of the economic, societal and environmental impacts of climate change. The EU and its member states need to start thinking seriously about how our societies will adapt to this new reality. Climate mitigation alone will not be enough to stop the dramatic effects of climate change and will have to go hand in hand with adaptation efforts. That is the sobering reality European decision- and policymakers need to keep in mind when developing climate action measures. Given the close interconnections between ecosystems, people and economies in a globalised world, there are strong reasons for EU member states to join forces, pool risks and cooperate across borders. This paper, therefore, calls on the EU to mainstream adaptation and shift its focus from reacting to disasters to a more proactive approach that prioritises prevention, risk reduction and resilience building. During the presentation of the new EU climate law yesterday, European Commission President von der Leyen hinted that member states would be required to develop and implement strategies that do just that.
Topic:
Climate Change, European Union, Economic Policy, and Resilience
Political Geography:
Europe

49. The Point of No Return: The 2020 Election and the Crisis of American Foreign Policy

Author:
Thomas Wright
Publication Date:
10-2020
Content Type:
Commentary and Analysis
Institution:
Lowy Institute for International Policy
Abstract:
With the international order weakened by COVID-19, economic recession, and receding American leadership, the 2020 presidential election will be even more consequential than that of 2016. There is no reason to believe that President Trump will follow in the tradition of other Republican presidents and pursue a more multilateral and cooperative strategy in his second term. Emboldened and unconstrained, a second Trump administration could spell the end of the alliance system and the postwar liberal international order. A Biden administration would be a reprieve for the US-led international order, and will act on climate change, COVID-19, immigration, and multilateralism, while Biden will need to adjudicate internal debates on China, the Middle East, globalisation, and foreign economic policy.
Topic:
Foreign Policy, Climate Change, Globalization, Elections, Economic Policy, Donald Trump, COVID-19, International Order, and Joe Biden
Political Geography:
China, Middle East, and United States of America

50. Should Regulators Make Electric Utilities Pay Customers for Poor Reliability?

Author:
Shefali Khanna and Kevin Rowe
Publication Date:
06-2020
Content Type:
Policy Brief
Institution:
Belfer Center for Science and International Affairs, Harvard University
Abstract:
In September 2017, the Delhi Electricity Regulatory Commission (DERC) required that the city’s regulated electricity distribution utilities pay compensation to customers experiencing power outages of three hours or longer. The measure was intended to incentivize the utilities to invest in the infrastructure and management practices needed to deliver higher levels of service quality. In 2019, India’s central government announced that it was considering rolling out a similar policy for utilities across the country. Can outage compensation policies help India’s power system achieve better reliability for all customers? This policy brief describes the persistent challenge of poor electricity reliability in India and how it interacts with key regulatory policies, analyzes Delhi’s experience with outage compensation since 2017, and highlights areas for additional economic and policy research on this topic.
Topic:
Energy Policy, Environment, Natural Resources, Infrastructure, Economic Policy, and Electricity
Political Geography:
South Asia, India, and Asia-Pacific