|
on Heterodox Microeconomics |
|
Issue of 2016‒06‒09
ten papers chosen by Carlo D’Ippoliti Università degli Studi di Roma “La Sapienza” |
| By: | Marco Veronese Passarella (University of Leeds) |
| Abstract: | This paper builds upon the Marxian reproduction schemes. It aims to test the impact of some of the most apparent 'stylised facts' which characterise the current phase of capitalism on an artificial two-sector growing economy. It is shown that, simplified though they are, the Marxian reproduction schemes allow framing a variety of radical and other ‘dissenting’ renditions of the recent economic and financial crises of early-industrialised countries with a flexible and sound analytical model. |
| Keywords: | Marx, Crisis, Reproduction Schemes, Post-Keynesian Economics |
| JEL: | B50 E11 E12 |
| Date: | 2016–05 |
| URL: | http://d.repec.org/n?u=RePEc:pke:wpaper:pkwp1610&r=hme |
| By: | Paolo Ramazzotti (University of Macerata) |
| Abstract: | The paper discusses the ends and scope of economic policy from an evolutionary and institutionalist perspective. I focus on how complexity and di erent types of coordination characterize the economy we live in. I then discuss how public coordination and change can be conceived of. I point out that the means to adequately deal with economic complexity depend on which social priorities prevail and on how the economy is conceptually framed in relation to those priorities. This requires the combined formulation of moral and cognitive value judgments and the non-separability of economic theory from the ends of economic policy. |
| Date: | 2016–05 |
| URL: | http://d.repec.org/n?u=RePEc:mcr:wpdief:wpaper00081&r=hme |
| By: | Davide Del Prete; Giorgia Giovannetti (Dipartimento di Scienze per l'Economia e l'Impresa); Enrico Marvasi |
| Abstract: | This paper analyzes the participation and the position of North African countries into global value chains (GVCs). Exploiting the recently released multiregional Input-Output tables from UNCTAD-Eora, we describe regional and country GVC involvement. North African countries have not been able so far to fully integrate into international production networks. However, large part of their (low) trade is due to value added related activities, mainly in the upstream phases, and the importance of foreign linkages has been increasing over time signalling the existence of unexploited opportunities. We complement the Input-Output analysis with evidence from bilateral trade flows and case studies from specific sectors. This anecdotal evidence is in line with previous findings. Overall, our results suggest that enhancing GVC participation of North African countries is likely to substantially benefit local industries, countries and the whole area. However, the ability to retain such benefits relies on specific characteristics, such as the level of human capital, the trade logistics and the presence of trade barriers, thus leaving room for policy intervention. |
| Keywords: | international production networks, global value chains, Multi-Regional Input-Output tables, North Africa. |
| JEL: | F14 F15 L23 O11 O55 |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:frz:wpaper:wp2016_07.rdf&r=hme |
| By: | Alain Cohn; Michel André Maréchal |
| Abstract: | Conceptual priming has become an increasingly popular tool in economics. Here, we review the literature that uses priming in incentivized experiments to study economic questions. We mainly focus on the role of social identity, culture, and norms in shaping preferences and behavior. We also discuss recently raised objections to priming research and conclude with promising avenues for future research. |
| Keywords: | Priming, experiment, identity, endogenous preferences |
| JEL: | C90 D03 |
| Date: | 2016–04 |
| URL: | http://d.repec.org/n?u=RePEc:zur:econwp:226&r=hme |
| By: | Cedrini, Mario A.; Novarese, Marco |
| Abstract: | Until the advent of Behavioral and Neuroeconomics, Economics has generally tended to undervalue, on average, the importance of fear. Fear has traditionally been regarded as pertaining to an alternative domain with respect to rationality: it has thus been considered as triggering mechanism of anomalous, even irrational behavior. Conversely, the article speculates on the complexity of the concept of fear and of the social effects it is thought to produce. While discussing the eventual desirability of a freed-from-fear world and Western obsession with risk management and safety from the economic problem and other pressures, the paper provides a general introduction to the relevance of the relatively unexplored issue of fear to economics as discipline as well as to applied economics in public policy. |
| Date: | 2016–04 |
| URL: | http://d.repec.org/n?u=RePEc:uca:ucapdv:187&r=hme |
| By: | Thomas Leopold |
| Abstract: | This study examined gender differences in the consequences of divorce for multiple measures of psychological, economic, and domestic well-being. I used household panel data from the German SOEP, retaining the link between initially married couples (N = 755) to compare both spouses over a period of up to four years before and after divorce. Findings showed that men were more vulnerable to short-term declines in subjective measures of well-being, whereas women experienced longer-term disadvantages in objective economic status. Taken together, these results suggest that women’s disproportionate income strain is chronic, whereas men’s disproportionate psychological and domestic strain is not. |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:diw:diwsop:diw_sp841&r=hme |
| By: | Meng, Bo; Yamano, Norihiko; Inomata, Satoshi; Xiao, Hao; Wang, Jianguo |
| Abstract: | Studies on the rise of global value chains (GVCs) have attracted a great deal of interest in the recent economics literature. However, due to statistical and methodological challenges, most existing research ignores domestic regional heterogeneity in assessing the impact of joining GVCs. GVCs are supported not only directly by domestic regions that export goods and services to the world market, but also indirectly by other domestic regions that provide parts, components, and intermediate services to final exporting regions. To better understand the nature of a country's position and degree of participation in GVCs, we need to fully examine the role of individual domestic regions. Understanding the domestic components of GVCs is especially important for larger economies such as China, the US, India and Japan, where there may be large variations in economic scale, geography of manufacturing, and development stages at the domestic regional level. This paper proposes a new framework for measuring domestic linkages to global value chains. This framework measures domestic linkages by endogenously embedding a target country's (e.g. China and Japan) domestic interregional input–output tables into the OECD inter-country input–output model. Using this framework, we can more clearly understand how global production is fragmented and extended internationally and domestically. |
| Keywords: | International trade, Input-output tables, Trade in value-added, Global value chain, Input-output, Regional heterogeneity |
| JEL: | C65 Q56 R15 |
| Date: | 2016–03 |
| URL: | http://d.repec.org/n?u=RePEc:jet:dpaper:dpaper564&r=hme |
| By: | Simplice Asongu (Yaoundé/Cameroun); Jacinta C. Nwachukwu (Coventry University) |
| Abstract: | In this study, we argue that an approach which will reconcile the two opposing camps in Sino-African relations and bring the most progress is a “middle passage” that greases contradictions and offers an accommodative, balanced and pragmatic vision on which Africans can unite. We present a case under which countries can substantially enhance the prospect of development if an African consensus builds on a merger between the Western and Chinese models. We balance national interest with human rights, sovereign authority with individual rights and economic goals with political rights. The chapter presents arguments on the need for a development paradigm in Africa that reconciles the Washington Consensus with the Beijing Model. The analytical framework is organised in three main strands, notably: (i) historical perspectives and contemporary views; (ii) reconciliation of dominant schools of thought and paradigms surrounding Sino-African relations and (iii) practical and contemporary implications. Reconciled schools of thought are engaged in four main categories: optimists versus (vs.) pessimists; preferences in rights (human vs. national, idiosyncratic vs. sovereign and political vs. economic) and the Beijing model vs. the Washington Consensus. |
| Keywords: | Economic relations; China; Africa |
| JEL: | F19 F21 O10 O19 O55 |
| Date: | 2016–03 |
| URL: | http://d.repec.org/n?u=RePEc:agd:wpaper:16/011&r=hme |
| By: | DAVID DEQUECH |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:anp:en2015:006&r=hme |
| By: | Helena Marques (Universitat de les Illes Balears); Oscar Marcenaro-Gutiérrez (Universitat de Málaga); Luis Alejandro López-Agudo (Universitat de Málaga) |
| Abstract: | An issue in the literature on educational production functions is the contribution of variables related to students’ lifestyles towards explaining the gender gap in terms of educational achievement. We intend to shed further light on this issue by means of empirical evidence based on international data from 22 countries. In order to carry out this research, we analyze the effect of a set of variables from different international surveys that allow the study of the potential country-level factors which could influence this gap. Our results show that it is essential to foster entrepreneurship attitudes among tertiary education students. On the contrary, until high school education years it could be counterproductive. It is also relevant to enhance girls’ self-confidence in business management abilities, as they show a higher average risk-aversion than boys and they are also more affected by a range of gender stereotypes. |
| Keywords: | gender, institutions, education, achievement, PISA |
| JEL: | J16 I21 B54 |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:ubi:deawps:78&r=hme |