Search

Begin New Search Topic Economics

5531. Extension of Saving and Investment Incentives

Author:
Eric Toder
Publication Date:
06-2005
Content Type:
Working Paper
Institution:
Urban Institute
Abstract:
Thank you for inviting me to testify today at this hearing on extension of the incentives for savings and investment that are scheduled to expire in the next few years. Major tax incentives enacted in 2001 and 2003 that are scheduled to expire and that the Congress may consider renewing include the special lower tax rates for capital gains and dividend income enacted in 2003, and the increase in the annual deduction amount for qualified section 179 property, the savers credit, and the above the line deduction for qualified post-secondary education expenses, all enacted in 2001. The education deduction and the increase in the section 179 deduction expire at the end of this year, the savers credit expires at the end of 2006, and the lower tax rates for capital gains and dividends expire at end of 2008.
Topic:
Development, Economics, Education, and Government

5532. Banking Crises in East Asia: The Price Tag of Liberalization?

Author:
Ilan Noy
Publication Date:
11-2005
Content Type:
Policy Brief
Institution:
East-West Center
Abstract:
The banking crises that swept through East Asia in 1997– 1998 set off dramatic recessions in the affected countries and imposed heavy costs on the domestic taxpayers. Fear of further crises prompted searches causes and early warning signs. It soon became apparent that liberalization the domestic financial sectors of the countries in crises contributed to genesis of these crises, but policymakers, regulators, and economists disagree about the reason for this. Initial scrutiny fell on unregulated international capital flows, but a comprehensive study suggests that liberalization can to financial instability either because of insufficient regulation of the financial sector or because of erosion of previously granted monopolies of existing banks. These possibilities suggest varying policy implications for the current state domestic financial systems in East Asia, including the challenges inherent opening up ChinaÂ's banking system to foreign competition as mandated in China–World Trade Organization accession agreement.
Topic:
Economics and International Trade and Finance
Political Geography:
Israel and Asia

5533. Obstacles Impeding the Regional Integration of the Kvemo Kartli Region of Georgia

Author:
Jonathan Wheatley
Publication Date:
02-2005
Content Type:
Working Paper
Institution:
European Centre for Minority Issues (ECMI)
Abstract:
This report is intended to provide an overview of the current social, economic and political situation in five rayons (districts) of Kvemo Kartli province in south-eastern Georgia: Gardabani rayon, Marneuli rayon, Bolnisi rayon, Dmanisi rayon and Tsalka rayon. By identifying and providing information about the current problems impeding the regional integration of those parts of Kvemo Kartli province in which national minorities are concentrated, this working paper will act as a guide for defining priorities and ensuring more informed intervention in the area.
Topic:
Civil Society, Economics, and Politics
Political Geography:
Eastern Europe

5534. War is no Child's Play: Child Soldiers from Battlefield to Playground

Author:
Lilian Peters
Publication Date:
07-2005
Content Type:
Working Paper
Institution:
Geneva Centre for Security Sector Governance (DCAF)
Abstract:
An estimated 300.000 children under 18 years of age are recruited and used by armies and armed groups in violent conflicts in almost 30 countries worldwide. The estimated number of 300.000 child soldiers reflects the number of children being used at any one time. As conflict develops and children are killed, wounded or replaced by others, the cumulative number over time is likely much higher. Appendix 1 gives an overview of the countries with child soldiers, as of January 2003.
Topic:
Economics, Human Welfare, United Nations, and War

5535. The access of business interests to European Union institutions: notes towards a theory

Author:
Rainer Eising
Publication Date:
11-2005
Content Type:
Working Paper
Institution:
European Research Papers Archive
Abstract:
The unequal access of interest organizations to the EU institutions is often associated with biased European politics. Nonetheless, systematic accounts of interest group access are rare. Rooted in the organizational theory of resource dependencies and drawing on a survey of 800 EU and national business associations, the article presents a broad conception of European political exchange to explain the contact patterns. Ordinal regressions indicate that three dimensions shape these patterns–organizational characteristics, sectoral-economic features, and national modes of interest intermediation. Nonetheless, EU interest intermediation displays only very few general traits–these are the division of labor among EU and national associations, the economic clout, the financial resources and the expertise of interest groups as well as their political mobilization when they face of EU regulation. Else, the interaction patterns vary along the EU institutions and their levels of decision-making underscoring the importance of the institutional opportunity structure.
Topic:
Development, Economics, and Politics
Political Geography:
Europe

5536. Conjunctural Causation in Comparative Case-Oriented Research: Exploring the Scope Conditions of Rationalist and Institutionalist Causal Mechanisms

Author:
Jonathan P. Aus
Publication Date:
11-2005
Content Type:
Working Paper
Institution:
European Research Papers Archive
Abstract:
This paper highlights one of the major benefits of qualitative comparative methodology as applied within a "small-N" research design, namely its potential use for specifying the scope conditions of (theoretically competing) causal mechanisms. It is argued that the identification of set-theoretic relationships, multiple paths, and analytic efforts in typological mapping can make valuable contributions to the elaboration and further development of middle-range theory.
Topic:
Development, Economics, and International Cooperation
Political Geography:
Europe

5537. Collective Bargaining Practices in Eastern Europe: Case Study Evidence from Romania

Author:
Aurora Trif
Publication Date:
11-2005
Content Type:
Working Paper
Institution:
European Research Papers Archive
Abstract:
There are several studies on recent developments in collective bargaining in Eastern Europe, but there is still a debate about the extent to which collective bargaining practices resemble those in continental Western Europe. This paper aims to contribute to this debate, by examining primary data on collective bargaining practices in Romania using an actor-centred institutionalist approach. It focuses on collective bargaining in four large chemical companies. Comparisons are made to other countries in order to highlight the developments in Romanian cases. Unexpectedly, the study's findings point to an increase in state intervention in establishing the terms and conditions of employment after 1989, due to the state's new roles during the transformation process that affected job security. The study suggests a considerable increase in the influence of top managers in determining pay and working conditions, while trade unions retained the considerable influence over social benefits in large companies. The findings show continuance of certain pre-1989 practices, such as a persistence of high state intervention and a limited independence of the trade unions from the management. This paper contributes to a deeper understanding of institutional changes in the context of a shift from a centrally planned economy to a market-based economy.
Topic:
Economics, Emerging Markets, and International Trade and Finance
Political Geography:
Eastern Europe and Romania

5538. Making and Breaking the Rules: French policy on EU "gouvernement économique" and the Stability and Growth Pact

Author:
David J. Howarth
Publication Date:
10-2005
Content Type:
Working Paper
Institution:
European Research Papers Archive
Abstract:
The failure of the Raffarin Government to respect the Stability and Growth Pact (Stability Pact, SP), its call for the Pact's reconceptualisation, reform of the management of the Euro-zone's monetary policy and EU-level reflation should be seen not as a significant change in French policy on 'gouvernement économique' (that is, EU-level economic governance (GE) but as a reassertion of long standing but contradictory French preferences. French policy-makers have been caught in a dilemma with regard to the construction of the Economic dimension of EMU between two strong preferences: on the one hand the supranational consequences of a dirigiste approach to macro-economic policy and, on the other hand, a Gaullist reflex to retain sovereignty as much as possible and to insist upon intergovernmentalism in EU-level macroeconomic policy-making. The 'price stability' function of GE as embodied by the Maastricht Treaty rules on convergence and the SP has been consistently marginalized in the discourse of French governments of both the Right and Left. Rather EG has been presented in five overlapping ways which can all be seen in terms of the paradox of the French pursuit of both reinforced macroeconomic policy coordination at the EU level yet also national margin of manoeuvre through intergovernmental policy making. Crucially, this paradox also explains the lack of clarity and inconsistency in French pronouncements on GE. Most elements of the 2002 Commission and Ecofin SP reform proposals and the precise elements of the Pact reform finally agreed in March 2005 met with French approval given that they render the SP more flexible allowing greater margin of manoeuvre in the development and implementation of the Broad Economic Policy Guidelines (BEPG) and the application of the Excessive Deficit Procedure (EDP), thus better meeting French intergovernmentalist preferences on EG but undermining the coordination of national macroeconomic policies that could contribute to an effective policy mix with the ECB's monetary policy.
Topic:
Economics, Government, and International Trade and Finance
Political Geography:
Europe

5539. Economic Integration, EU-US Trade Conflicts and WTO Dispute Settlement

Author:
Fritz Breuss
Publication Date:
10-2005
Content Type:
Working Paper
Institution:
European Research Papers Archive
Abstract:
Since its inception in 1995, more than 330 disputes have been raised under the WTO Dispute Settlement System. The major players in world trade–the EU and the USA–are also the busiest users of this instrument. After looking at links between economic integration and WTO involvement and a survey of the actual transatlantic WTO trade disputes, the welfare implications of the four most prominent trade disputes between the EU and the USA ("mini trade wars") are analyzed with GTAP5: the Hormones, the Bananas, the FSC and the Steel cases. The economic analysis reveals that the level of suspension of concessions hardly coincides with the level of nullification or impairment (expressed in lost trade effects) if one considers the overall welfare implications of retaliation with tariffs. The idea of "rebalancing" retaliation is a myth. Tariffs are a very bad instrument of retaliation. Maybe a mechanism of direct transfers or financial compensation would be better.
Topic:
Economics, International Trade and Finance, and World Trade Organization
Political Geography:
United States and Europe

5540. No Exit from the Joint Decision Trap? Can German Federalism Reform Itself?

Author:
Fritz W. Scharpf
Publication Date:
09-2005
Content Type:
Working Paper
Institution:
European Research Papers Archive
Abstract:
Germany's unique institutions of a 'unitary federal state', long considered part of the country's post-war success story, are now generally perceived as a 'joint decision trap' impeding effective policy responses to new economic and demographic challenges at both levels of government. Nevertheless, a high powered bi-cameral Commission set up in Autumn 2003 failed to reach agreement on constitutional reforms. The paper analyses the misguided procedural and substantive choices that explain the failure of reform, and it discusses the possibility of asymmetric constitutional solutions that might enhance the capacity for autonomous action at both levels.
Topic:
Conflict Resolution, Demographics, and Economics
Political Geography:
Europe and Germany