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on Heterodox Microeconomics |
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Issue of 2015‒04‒25
nine papers chosen by Carlo D’Ippoliti Università degli Studi di Roma “La Sapienza” |
| By: | Julie A Nelson |
| Abstract: | While extremely important and revolutionary, much feminist work on the economics of care has risked reinforcing an association of care with only women and with only women’s traditional activities. This essay revives the image of “husbandry,†understood as careful cultivation, tending, and management, as a complement to the image of mothering. A rich masculine prototype of care may be helpful in re-awakening male responsibility for care, and revitalizing the recognition of the necessity of concern and carefulness in all of economic life. The “good husbandman,†in stark contrast to “economic man,†lives a fuller life, acting responsively and responsibly. This essay lays out the need for such a rich image; suggests applications to the environment, carework, and business management; and addresses some possible drawbacks. |
| JEL: | A13 B54 |
| Date: | 2015–04 |
| URL: | http://d.repec.org/n?u=RePEc:mab:wpaper:2015_01&r=hme |
| By: | Boschma, Ron (CIRCLE, Lund University and URU, Utrecht University); Capone , Gianluca (IUSS, Pavia) |
| Abstract: | The Varieties of Capitalism literature has drawn little attention to industrial renewal and diversification, while the related diversification literature has neglected the institutional dimension of industrial change. Bringing together both literatures, the paper proposes that institutions have an impact on the direction of the diversification process, in particular on whether countries gain a comparative advantage in new sectors that are close or far from what is already part of their existing industrial structure. We investigate the diversification process in 23 developed countries by means of detailed product trade data in the period 1995-2010. Our results show that relatedness is a stronger driver of diversification into new products in coordinated market economies, while liberal market economies show a higher probability to move in more unrelated industries: their overarching institutional framework gives countries more freedom to make a jump in their industrial evolution. In particular, we found that the role of relatedness as driver of diversification into new sectors is stronger in the presence of institutions that focus more on ‘non-market’ coordination in the domains of labor relations, corporate governance relations, product market relations, and inter-firm relations. |
| Keywords: | varieties of capitalism; institutions; relatedness; diversification; evolutionary economic geography |
| JEL: | B52 L16 O43 P16 P51 |
| Date: | 2015–04–12 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:lucirc:2015_015&r=hme |
| By: | FERRARI Sylvie |
| Abstract: | The paper aims to put into perspective Nicholas Georgescu-Roegen’s bioeconomics and Serge Latouche’s degrowth approaches. In particular, we analyse the foundations of these approaches such as they have been put forward by those two economists. If the cross-reading of their work shows both proximity and distance, bioeconomics and degrowth do not have to be confused. Facing ecological challenges, the two approaches agree on the need to invite ethics to commit to a change in society that is compatible with the limits of the biosphere. |
| Keywords: | bioeconomics, degrowth, entropy, sobriety, intergenerational justice, ethics |
| JEL: | B31 B41 |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:grt:wpegrt:2015-07&r=hme |
| By: | Jason Collins (Business School, University of Western Australia); Boris Baer (Centre for Integrative Bee Research (CIBER) ARC CoE in Plant Energy Biology, University of Western Australia); Ernst Juerg Weber (Business School, University of Western Australia) |
| Abstract: | As human traits and preferences were shaped by natural selection, there is substantial potential for the use of evolutionary biology in economic analysis. In this paper, we review the extent to which evolutionary theory has been incorporated into economic research. We examine work in four areas: the evolution of preferences, the molecular genetic basis of economic traits, the interaction of evolutionary and economic dynamics, and the genetic foundations of economic development. These fields comprise a thriving body of research, but have significant scope of further investigation. In particular, the growing accessibility of low cost molecular data will create more opportunities for research on the relationship between molecular genetic information and economic traits. |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:uwa:wpaper:15-09&r=hme |
| By: | FERRARI Sylvie |
| Abstract: | The aim of this paper is to discuss some major issues of Georgescu-Roegen’s work for Economic science with a special emphasis on the connection between the economic process and the entropy law. The flow-found approach is discussed and some possible implementations are proposed to measure the sustainability of the economic process. |
| Keywords: | Foundations and bioeconomic issues of sustainability: The contribution of Nicholas Georgescu-Roegen |
| JEL: | B31 B41 Q57 |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:grt:wpegrt:2015-06&r=hme |
| By: | BERGOUIGNAN Marie-Claude |
| Abstract: | This article focuses on the question of how eco-innovation projects can lead to the break-out of an industrial trajectory. Using the example of the Aquitaine wood industry, we question how eco-innovation projects promoted by the ‘competitiveness cluster’ might help to modify that trajectory. Based on the existing literature, which refers to the diversity of objectives of eco-innovation, our research analyzes this diversity and then questions the compatibility of these objectives. By doing so, the article aims to identify the main possible paths of evolution of the Aquitaine wood industry. |
| Keywords: | break-out - competitiveness cluster - eco-innovation - path-dependency - wood industry. |
| JEL: | B52 O31 Q23 Q55 |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:grt:wpegrt:2015-01&r=hme |
| By: | Bouwmeester, Maaike C.; Oosterhaven, Jan; Rueda-Cantuche, Jos (Groningen University) |
| Abstract: | This paper develops a method to consolidate national supply-use tables (SUTs) into a single supra-regional SUT. The method deals with mirror trade statistics problems, such as the different valuation of imports and exports, and it corrects for the double-counting of re-exports. To test the contribution of the various construction steps, the paper decomposes the EU value added that is embodied in the EU exports to third countries into seven components. When the national SUTs for the period 2000-2007 are used, neglecting intra-EU spillover and feedback effects between the 27 EU-members results in an underestimation of the embodied value added of 12-15%. Not consolidating the national tables leads to a further under-estimation of 11-16%. Both types of errors are substantial. With these underestimations removed, the exports to third countries still only explain around 11% of the EU27 GDP. |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:gro:rugsom:14004-eef&r=hme |
| By: | Marco Vivarelli |
| Abstract: | This paper is intended to provide an updated discussion on a series of issues that the relevant literature suggests to be crucial in dealing with the challenges a middle income country may encounter in its attempts to further catch-up a higher income status. In particular, the conventional economic wisdom - ranging from the Lewis-Kuznets model to the endogenous growth approach - will be contrasted with the Schumpeterian and evolutionary views pointing to the role of capabilities and knowledge, considered as key inputs to foster economic growth. Then, attention will be turned to structural change and innovation, trying to map - using the taxonomies put forward by the innovation literature - the concrete ways through which a middle income country can engage a technological catching-up, having in mind that developing countries are deeply involved into globalized markets where domestic innovation has to be complemented by the role played by international technological transfer. Among the ways how a middle income country can foster domestic innovation and structural change in terms of sectoral diversification and product differentiation, a recent stream of literature underscores the potentials of local innovative entrepreneurship, that will also be discussed bridging entrepreneurial studies with the development literature. Finally, the possible consequences of catching-up in terms of jobs and skills will be discussed. |
| Keywords: | catching-up, structural change, globalization, capabilities, innovation, entrepreneurship |
| Date: | 2015–04–20 |
| URL: | http://d.repec.org/n?u=RePEc:ssa:lemwps:2015/09&r=hme |
| By: | Hiroshi Nishi |
| Abstract: | The purpose of this study is to empirically examine the relationship between structural change and economic growth in Japan during the past 40 years. While using the growth in real value added and labour productivity as measurement of economic growth, we consider the structural change in value added as the structural change in output and that in capital and labour as the structural change in inputs. Specifically, we use the Japan Industrial Productivity database 2014 compiled by the Research Institute of Economy, Trade and Industry, and show (1) the pace of structural change in inputs and output, (2) the evolution of sectoral dispersion of economic growth, (3) the changing distribution of sectoral contribution to aggregate economic growth, and (4) empirical evidence of the relationship between structural change and economic growth. Our main conclusion is that the Japanese growth regime has transformed from a heterogeneity decreased regime with overall growth process to a heterogeneity increased one with uneven growth process since the 1990s; the impact that structural change in output had on economic growth was positive, although its magnitude has weakened since then. |
| Keywords: | wage gap; Growth regime, Sectoral heterogeneity, Structural change, Japanese economy |
| JEL: | B50 E12 L16 O41 |
| Date: | 2015–04 |
| URL: | http://d.repec.org/n?u=RePEc:kue:dpaper:e-15-001&r=hme |