nep-hme New Economics Papers
on Heterodox Microeconomics
Issue of 2023‒03‒27
25 papers chosen by
Carlo D’Ippoliti
Università degli Studi di Roma “La Sapienza”

  1. Marxisme et féminisme réconciliés ? Aux sources de la théorie de la valeur-dissociation de Roswitha Scholz By Richard Sobel
  2. Modern Monetary Theory: wrong ideas, real limits and blind spots. An overview of the critics By Guillaume l'Oeillet
  3. How can accounting reformulate the debate on natural capital and help implement its ecological approach? By Alexandre RAMBAUD
  4. Scouting capital's frontiers By Cédric Durand
  5. Capitalist-Worker Wealth Distribution in a Task-Based Model of Automation By Arthur Jacobs
  6. Absent, outside, inside: integrating the "environment" into Regulation Theory By Nelo Magalhães
  7. New Institutional Economics and Cliometrics By Eric C. Alston; Lee J. Alston; Bernardo Mueller
  8. Agent failures: A theory of internalities By Hernán Vallejo
  9. Disentangling institutions: a challenge By Claude Ménard
  10. Das Transformationspotential des deutschen Sustainable Finance Diskurses: Eine Einschätzung auf Basis von Logiken und Frames By Dimmelmeier, Andreas; Egerer, Elsa
  11. The Drain Gain: An investigation into how colonial drain helped keep British economy buoyant By Kabeer Bora
  12. The ASD (healthy and sustainable agriculture) markets in Dakar. Emergence and development of a model of short cycle food solidarity between producer and consumer By El Hadji Bafodé Gassama
  13. Status Substitution and Conspicuous Consumption By Ghiglino, C.; Langtry, A.
  14. Methodological foundations of cross-innovation projects in creative industries By Kazakova Maria
  15. A 2019-20 social accounting matrix for Balochistan, Pakistan By Toori, Shafaq; Akram, Iqra; Qureshi, Tehseen Ahmed; Tauqir, Aisha; Raja, Sehrish; Gill, Sitara; Rana, Abdul Wajid
  16. The Effective Rate of Protection in an Input-Output Framework By Muhammad Zeshan
  17. Shifting Gender Roles in Society and the Workplace: Implications for Environmental Sustainability By Khan, Majid
  18. The transition of brown regions: A matter of timing? By Stefano Basilico; Nils Grashof
  19. The production Inefficiency of the U.S. Electricity Industry in the Face of Restructuring and Emission Reduction By Manh-Hung Nguyen; Chon van Le; Scott Atkinson
  20. The Road to Gender-Equitable Growth: A State-level Analysis of Social Reproduction in the U.S. By Aashima Sinha
  21. Impact de la modalité d'inscription dans l'économie sociale et solidaire (ESS) sur la confiance des consommateurs By Edith Nicolas de Lamballerie; Pauline Jacquier; Juliette Launey
  22. Strong sustainability and property rights By Eric KEMP-BENEDICT
  23. An Investigation into the Smithian System of Sympathy: from Cognition to Emotion By Laurie Bréban
  24. Adjusting to Change in Complex Systems By Drew Fudenberg; David K Levine
  25. Cooperative Property Rights and Development: Evidence from Land Reform in El Salvador: A Comment By Kjelsrud, Anders; Kotsadam, Andreas; Rogeberg, Ole

  1. By: Richard Sobel (CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique)
    Abstract: Roswitha Scholz's theory of value-dissociation articulates a feminist perspective with the Marxist current of value criticism. The article proposes a reconstruction of this articulation. It is a question of uncovering the philosophical roots that make it possible to integrate feminism and Marxism without hierarchy between the two, and this, through a strain common to the commodity fetishism and the gender fetishism. The article first proposes to find, in Marx, the deep meaning of the commodity fetishism. The article then proposes to identify the necessary additions beyond Marx to fully integrate gender fetishism into the theory of value-dissociation: through partial but complementary readings of Horkheimer-Adorno and Beauvoir.
    Abstract: La théorie de la valeur-dissociation de Roswitha Scholz articule une perspective féministe au courant marxiste de la critique de la valeur. L'article propose une reconstruction de cette articulation. Il s'agit de mettre au jour les racines philosophiques qui permettent d'intégrer féminisme et marxisme sans hiérarchie entre les deux, et ce, à travers une souche commune au fétichisme de la marchandise et au fétichisme du genre. L'article se propose d'abord de retrouver, chez Marx, le sens profond du fétichisme de la marchandise. L'article se propose ensuite de dégager les ajouts nécessaires au-delà de Marx pour intégrer pleinement le fétichisme dans la théorie de la valeur-dissociation : à travers des lectures partielles mais complémentaires de Horkheimer-Adorno et de Beauvoir.
    Keywords: Marxism, feminism, value criticism, Frankfurt school, Simone de Beauvoir, critique de la valeur, École de Francfort, Simone De Beauvoir, marxisme, féminisme
    Date: 2022–12–01
  2. By: Guillaume l'Oeillet (CREM - Centre de recherche en économie et management - UNICAEN - Université de Caen Normandie - NU - Normandie Université - UR1 - Université de Rennes 1 - UNIV-RENNES - Université de Rennes - CNRS - Centre National de la Recherche Scientifique)
    Abstract: Since the great financial crisis, the Modern Monetary Theory (MMT) rouses interests in political, media and academic area. In the ensuing Keynesian moment, the MMT has emerged from the confidentiality to advocate a permanent fiscal dominance in opposition to the consensus built toward a politically independent monetary policy. MMT has however been widely criticised by mainstream economists but also by the post-keynesian school from which it comes. The most vehement attacks to deny the scientific nature of the theory and to confine it to a political movement belonging to the left wing of the US democrats. More sophisticated critics tackle theorical foundation and empirical evidences of the MMT to contest their recommendations. This paper provides an overview of those critical points of view and contributes to the chorus of criticism by raising a failing political economy.
    Abstract: Depuis la grande crise financière, la Théorie Moderne de la Monnaie (TMM) suscite l'intérêt des milieux politique, médiatique et académique. Le « moment » keynésien qui a suivi cette crise a sorti d'une relative confidentialité ce courant de pensée qui défend un retour permanent de la dominance budgétaire à rebours du consensus autour d'une politique monétaire indépendante du pouvoir politique. Toutefois, la TMM fait l'objet de vives attaques de la part d'économistes dits de l'offre, de la synthèse voire même post-keynésiens dont la TMM est pourtant réputée proche. Les points de vue les plus virulents contestent le caractère scientifique de la TMM et la réduisent à un mouvement politique assimilable à l'aile radicale du parti démocrate américain. D'autres critiques plus élaborées s'attellent à démontrer les limites théoriques et empiriques des préconisations de la TMM. Cet article propose une synthèse des critiques adressées à la TMM et apporte une contribution en questionnant l'économie politique de la théorie.
    Keywords: Modern Monetary Theory, Fiscal dominance, Monetary economics, Political Economy, Théorie Monétaire Moderne, Dominance budgétaire, Monnaie, Economie politique
    Date: 2022
  3. By: Alexandre RAMBAUD
    Abstract: This paper shows that the mainstream usage of ‘natural capital’ (NC) is incompatible with an ecological approach. It argues that accounting is relevant for (re)structuring the debate around NC and implementing an alternative approach to NC that works with an ecological perspective.It first performs a ‘Latourian’ anthropological analysis of the mainstream notion of capital, resituated in the Modern cosmology, as well as the notion of ‘ecology’. It goes on to propose an ‘accounting’ study of capital with the objective of suggesting an alternative vision of NC and underlines its potential. The study shows that the mainstream use of NC is incompatible with an ecological approach, even in the case of strong sustainability. Mainstream NC is associated with ‘capital as a debit concept’, but a credit-based approach to NC would align it better with an ecological perspective. The paper renews the critical analysis of NC and of strong/weak sustainability. It opens a potential path of research in ecological accounting based on an alternative perspective on NC. It proposes an extension of the ‘classical’ accounting practices in historical costs to a more ecological vision of NC, linking accounting practices understood by current corporate stakeholders to ecological requirements.
    JEL: Q
    Date: 2023–03–06
  4. By: Cédric Durand (UNIGE - Université de Genève = University of Geneva, CEPN - Centre d'Economie de l'Université Paris Nord - UP13 - Université Paris 13 - USPC - Université Sorbonne Paris Cité - CNRS - Centre National de la Recherche Scientifique)
    Abstract: Reply to Morozov's 'Critique of Techno-Feudal Reason' E vgeny morozov has provided a salutary critique of recent proposals to conceptualize the social relations of the digital economy-with web users supposedly tied like serfs to tech barons' inescapable domains-by analogy with those of the feudal era. His 'Critique of Techno-Feudal Reason' offers a systematic review of contemporary feudal-speak as a discursive swamp in which, he charges, 'the left has a hard time differentiating itself from the right'-neoliberals like Glen Weyl and Eric Posner, as well as neoreactionaries like Curtis Yarvin and anti-wokite Joel Kotkin, articulating the same 'neo-' or 'techno-feudal' critique as Yanis Varoufakis, Mariana Mazzucato, Robert Kuttner or Jodi Dean. If radical thinkers have embraced feudal imagery as a rhetorical, meme-friendly ploy, Morozov argues that this is testament not to media savviness but to intellectual weakness-'as if the left's theoretical framework can no longer make sense of capitalism without mobilizing the moral language of corruption and perversion.' By shifting its attention from actual capitalist relations to reminiscences of feudalism, it risks letting go its prey to chase a shadow, abandoning its most original and effective angle of attack on exploitative socioeconomic relations-its sophisticated anti-capitalist political-theoretical apparatus. 1 In defining his terms-what makes 'capitalism' capitalism and 'feudalism' feudalism-Morozov reaches back to 1970s debates, in particular Robert Brenner's critique of Immanuel Wallerstein's The Origins of the Modern World System (1974). 2 In Morozov's view, Brenner's distinction
    Keywords: technofeudalism, digital, capitalism
    Date: 2022–08
  5. By: Arthur Jacobs (-)
    Abstract: I integrate the notion of task-based automation into a two-class economy with capitalists and workers, and subsequently study the interaction between the degree of automation and the wealth distribution between capitalists and workers. I find that, as the economy becomes more automated, the possibility of a sustained capitalist class naturally arises. In a laissez-faire scenario, a stable steady state with partial automation can occur both in a dual context (where workers own all wealth) or Pasinetti context (where both capitalists and workers have a strictly positive wealth share). In contrast, the fully automated scenario only occurs in case of an anti-dual economy where capitalists own all wealth. In the case of capital income taxation, the stable fully automated case can also occur in the dual or Pasinetti context. I show that Piketty’s citation of a rising capital-output ratio as an explanation for an increasing capital income share and rising wealth inequality does not require the contested ‘sigma > 1’ assumption.
    Keywords: automation, two-class model, task-based production, factor shares, Pasinetti theorem, wealth inequality
    JEL: E25 O33 O40
    Date: 2023–02
  6. By: Nelo Magalhães (LADYSS - Laboratoire Dynamiques Sociales et Recomposition des Espaces - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique)
    Abstract: This text aims to explain a paradox: the modest contribution of Regulation Theory to the debates on the Capitalocene. After explaining the changing role of the "environment" in regulationist analyses for nearly 50 years, we argue that they mostly adopt an apolitical definition / perspective of the environment and lack a critical and reflexive approach. In brief, the regulationist framework needs a truly political ecology.
    Keywords: Capitalocene, epistemology, environment, political ecology
    Date: 2022–09–08
  7. By: Eric C. Alston; Lee J. Alston; Bernardo Mueller
    Abstract: The New Institutional Economics (NIE) has its early roots in Cliometrics. Cliometrics began with a focus on using neoclassical theory to develop and test hypotheses in economic history. But empirical consideration of economic and political development within and across countries is limited, absent consideration of the institutional context. The NIE as applied in economic history first focused on the roles of transaction costs and property rights. From this micro-institutional perspective, the NIE expanded its focus to the role of institutions and norms on economic development as well as how economic forces along with political institutional variance influences outcomes both within and across countries. This involves considering both forces that impede and promote economic and political convergence across countries as well the forces that determine a transition to a new economic or political trajectory altogether. Testing for the determinants of economic and political development is plagued with omitted variables and endogeneity concerns, a constraint which has recently prompted scholars to draw on complexity theory to further supplement the NIE and Cliometrics.
    JEL: B52 F63 N01 P0 P50
    Date: 2023–02
  8. By: Hernán Vallejo
    Abstract: Market failures, such as market power, externalities and imperfect information, have played a major role in economic theory. This article studies internalities, as others have done in the past, as agent failures. To do so, it considers economic agents with imperfect foresight, that face internal conflicts between say, rationality and impulsivity; consciousness and unconsciousness, short run welfare and long run welfare; between members of the board; or between members of the Government cabinet or a majority coalition in Congress. This allows to identify the biases in judgment that lead to the misallocation of resources and the loss of welfare, that have been studied for example in behavioral economics, and that are defined here as internalities. Such approach helps to explain irrational or unexpected behaviors, expanding the use of the tools of conventional economic theory; and understand better and hopefully improve, personal, social and public solutions, to this important source of economic inefficiencies.
    Keywords: Internalities, agent failures, government failures, market failures, snudge
    JEL: D10 D15 D91
    Date: 2023–02–28
  9. By: Claude Ménard (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, UP1 UFR02 - Université Paris 1 Panthéon-Sorbonne - École d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne)
    Abstract: That "institutions matter" has become a mantra among economists. It has not always been so. For a long time, the conventional wisdom considered institutions as exogenous parameters, the study of which should be delegated to ‘soft' social sciences, mainly sociology and political sciences. And many contemporary economists still disregard the analysis of institutions in their research agenda, mainly because of the difficulty in quantifying and modeling their role
    Date: 2022
  10. By: Dimmelmeier, Andreas; Egerer, Elsa
    Abstract: Against the backdrop of a simultaneous dynamization of sustainable finance and intensifying environmental and social crises, the following article carries out an analysis of the transformation potential of the sustainable finance discourse that is present in German governance discussions. The discourse is illustrated through a content analysis of the German government's Sustainable Finance Strategy and the final report of the first Sustainable Finance Advisory Council. In order to evaluate the transformation potential, a frame analysis is conducted. Subsequently, the analyzed frames are linked to the concept of institutional logics, which allows for an assessment of their transformation potential. The article comes to the conclusion that the governance discourse on sustainable finance in Germany is dominated by an integrative frame, which describes sustainable finance per se as desirable, and a frame, which emphasizes financial risks. With regard to institutional logics, a state logic that is motivated by location specific competitiveness policies and a financial market logic dominate. This is consistent with the interpretation that the mainstreaming of sustainable finance is accompanied by an increasingly financialized discourse that derives its goals largely from its own system logics, i.e. those inherent in the financial system. Based on the analysis, the article concludes that the transformation potential of the assessed governance discourse on Sustainable Finance in Germany is relatively low.
    Date: 2023–02–05
  11. By: Kabeer Bora
    Abstract: The global hegemony of Britain in the 19th century is hardly a disputed fact. As a global hegemon, it oversaw the transfer of surplus from the underdeveloped world to its shores. The transfer of surplus was important in maintaining its status as a hegemon. In this essay, I underline the need for Britain to colonize India, its biggest possession. India’s colonial history has been the subject of a lot of scholarly attention but rarely has the focus shifted from the drain of surplus as a cause of underdevelopment of India to a transfer of surplus from India to Britain as a cause of development of Britain. I shed light on this aspect of global surplus extraction and show empirically that this transfer of surplus was invaluable for the success of the British economy. Marx’s macroeconomics and his well-known law of the falling rate of profit are my main sources of support. Accounting for spurious correlation using Hamilton(1994), I find that an increase in colonial drain by 1% increases the rate of profit of Britain by around 9 percentage points. My findings are corroborated by the several robustness checks I perform, including using different measures of domestic exploitation and a different method in Autoregressive Distributed Lag (ARDL). About the whole of the 19th century up until the First World War is included in my period of analysis.
    Keywords: Colonial Drain, Rate of Profit, Time Series Analysis, India JEL Classification: N75, B14, N14
    Date: 2023
  12. By: El Hadji Bafodé Gassama (Mesopolhis - Centre méditerranéen de sociologie, de science politique et d’histoire - IEP Aix-en-Provence - Sciences Po Aix - Institut d'études politiques d'Aix-en-Provence - AMU - Aix Marseille Université - CNRS - Centre National de la Recherche Scientifique)
    Abstract: By guaranteeing a remunerative price and marketing to farmers in the Niayes area, ASD markets help to dissipate the uncertainty and risks associated with marketing conditions. Our work has allowed us to place the alternative aspect of the ASD market phenomenon, as an original short food marketing circuit based on ethical principles, in a more general context - that of the increasing industrialization and standardization of food production, distribution and consumption. It appears that, under the fire of trade globalization, this question of social demand - which was nevertheless characteristic of Western societies in the northern hemisphere - is gradually gaining ground in a number of emerging societies in the South. New food behaviors are emerging. Henceforth, the urban demand requires healthy and more tasty products.
    Abstract: En garantissant un prix et une mise en marché rémunérateurs aux paysans de la zone des Niayes, les marchés ASD contribuent à dissiper l'incertitude et les risques liés aux conditions de commercialisation. Notre travail nous a permis d'inscrire l'aspect alternatif du phénomène des marchés ASD en tant que circuit court de commercialisation alimentaire original basé sur des principes éthiques, dans un contexte plus général – celui de l'industrialisation et de l'uniformisation croissantes des modes de production, distribution et consommation alimentaires. Il appert que, sous le feu de la mondialisation des échanges, cette question de la demande sociale – qui était pourtant caractéristique des sociétés occidentales de l'hémisphère nord – prend progressivement de l'ampleur dans un ensemble de sociétés émergentes du Sud. Il s'esquisse alors de nouveaux comportements alimentaires. Désormais, la demande citadine requiert des produits sains et plus savoureux.
    Keywords: ASD markets, short circuit, Niayes area, Senegal, organic agriculture, agro-ecology, marchés ASD, circuit court, zone des Niayes, Sénégal, agriculture biologique, agro-écologie
    Date: 2023–02–06
  13. By: Ghiglino, C.; Langtry, A.
    Abstract: This paper adapts ideas from social identity theory to set out a new framework for modelling conspicuous consumption. Notably, this approach can explain two stylised facts about conspicuous consumption that initially seem at odds with one another, and to date have required different families of models to explain each: (1) people consume more visible goods when their neighbours’ incomes rise, but (2) consume less visible goods when incomes of those with the same race in a wider geographic area rise. The first fact is typically explained by ‘Keeping up with the Joneses’ models, and the second by signalling models. Our model also explains related features of conspicuous consumption: that the rich are more sensitive to others’ incomes than the poor, and that the effect of income inequality on consumption differs qualitatively across groups. Importantly, it explains this fourth stylised fact without falling back on differences in preferences across groups, as required in other models. In addition, our model delivers new testable predictions regarding the role of network structure and income inequality for conspicuous consumption.
    Keywords: Social identity, Keeping Up with the Joneses, networks, centrality, income inequality.
    JEL: D63 D85 D91
    Date: 2023–03–13
  14. By: Kazakova Maria (Gaidar Institute for Economic Policy)
    Abstract: The relevance of this research is related to cross-innovation that have become new impulses for the development of creative industries and other industries in favor of strengthening economic diversification. This is an exceptionally new offer for real sector companies and the support of unique creative solutions based on advanced technologies. The main goal of the work is to identify cross-sectoral projects of creative industries and methodologically substantiate the development of cross-innovation cooperation between creative industries and other sectors of the economy. This implies formulation of the author's version of the boundaries of the concept of cross-sectoral cooperation between creative and «non-creative» industries. The main conclusions of the study are the following. Cross-innovation means cooperation of an intersectoral or interdisciplinary nature between creative industries and real-sector companies. The main goal of such activity is to ensure the competitiveness and efficiency of cross-innovation activities. Cross-innovation projects also contribute to the emergence of new economic benefits produced not only by cultural and creative industries, but also by other economic agents, since these projects create favorable conditions for doing business. In their turn, regions and territories that serve as a space for the development of cross-innovative projects, attract investment, labor and are characterized by dynamic economic development. Conclusions about practical significance of this research argue that this work may serve as a direct guide for the development of cross-innovation cooperation in Russia, due to its scientific novelty and methodological importance.
    Keywords: Russian economy, creative industries, economic growth, models of creative industries
    JEL: O10 O15 O31 O34 Z10
    Date: 2022
  15. By: Toori, Shafaq; Akram, Iqra; Qureshi, Tehseen Ahmed; Tauqir, Aisha; Raja, Sehrish; Gill, Sitara; Rana, Abdul Wajid
    Abstract: This paper documents the different steps followed to construct Social Accounting Matrix (SAM) for Balochistan for the year 2019-20. More precisely, it describes the estimation methods and the nature of the data used in developing the SAM at the subnational level. The Balochistan SAM includes 13 production activities, 4 factors of production, 4 household groups and rest of the world account, assessing linkages between production, factor income distribution, and households’ incomes and expenditures, and capturing distributional effects. The Balochistan SAM reveals that the shares of services and manufacturing sector remains lower than national average and there is an overwhelming contribution of the livestock and horticulture sector in the subnational economy which has the potential in boosting national livestock and horticulture exports. Further, the consumption pattern in Balochistan supports Engle’s law of consumption showing that with an increase in households’ income, the share of expenditure on food decreases and consumption of non-food items increases. This paper is organized as follows. The first section presents an overview of Balochistan province of Pakistan. The second Section highlights the background of Social Accounting Matrix and its key features. The third section review the literature and various efforts made to develop Pakistan SAM with varying features. The fourth section describes the process and the methodology used to develop SAM. The fifth section presents the structure of Balochistan SAM, accounts, and data sources and elaborates the process and techniques used to balance Balochistan SAM. The sixth section highlights the structure of Balochistan’s economy and an evaluation of value addition. The seventh section underscores the key findings of Balochistan SAM. The final section underlines how the SAM Balochistan can contribute to evidence-based policy making that helps in economic growth and reducing poverty in Balochistan.
    Keywords: PAKISTAN, SOUTH ASIA, ASIA, data, data analysis, economic distribution, horticulture, households, income, income distribution, manufacturing, methods, processes, production, Social Accounting Matrix (SAM)
    Date: 2023
  16. By: Muhammad Zeshan (Pakistan Institute of Development Economics)
    Abstract: This research work quantifies the changes in effective protection rates in Pakistan during the last decade, 2011-20, using various inputs and outputs. Based on its results, it supports a more flexible trade policy in Pakistan. Furthermore, it identifies the sectors with strong and weak long-run productive capacities and highlights the role of trade barriers in these industries. A key concern is the decreasing productive capacity of the textile and leather sectors, where the textile industry has the largest share in total exports from Pakistan. Hence, there is a dire need to invest more in research and development activities in such industries. Finally, the country needs to increase its range of export items and export destinations with more favourable terms of trade.
    Keywords: Effective Rate of Protection, Industry, Input Output Table, Pakistan, Trade
    JEL: C67 D57 F6 L5 R15
    Date: 2022
  17. By: Khan, Majid
    Abstract: United Nations Sustainable Development Goal 5 (SDG-5) focuses primarily on the need to provide women and girls with equal opportunities in all spheres of society, such as education, technology, and work. The research looked at the impact of women's empowerment on Pakistan's environmental sustainability agenda from 1975 to 2022, using a market-based methodology. The findings demonstrate that increasing the number of women in the labour force positively impacts the environment by decreasing carbon emissions. Despite improvements in women's rights and literacy rates, as well as technical and economic progress, the country is producing more carbon dioxide because of its economic and industrial conditions that cannot reduce its adverse effects on the environment. The Granger causality estimates verified that economic development caused female labour market outcomes and female autonomy. In contrast, the bidirectional causality estimates proved that female autonomy caused technical progress and vice versa. The research concludes that even though the technology industry continues to expand astoundingly, women are still disproportionately underrepresented. This is a severe issue because women make up more than half of the population yet still account for less than one-quarter of tech jobs. Women's shifting roles in society and the workplace demand more attention. Several causes, including shifts in economic focus from manufacturing to services and shifting cultural norms about women's moral responsibilities, have all played a part in this development. Women's independence significantly impacts the economy, liberal arts, and environmental footprint. More independent women also tend to have more education and work experience than their less independent counterparts. In turn, it reduces carbon output.
    Keywords: Women’s empowerment; Environmental sustainability; Carbon emissions; Technological advancement; Labour market outcomes; Pakistan.
    JEL: C32 J16
    Date: 2023–01–09
  18. By: Stefano Basilico (University of Bremen, Faculty of Business Studies and Economics, and Gran Sasso Science Institute, Social Sciences); Nils Grashof (Friedrich Schiller University Jena, Faculty of Economics and Business Administration)
    Abstract: Green innovations aim to improve and reduce the environmental impact of economic activities. Thus far, research focus on the positive trajectories of green transition. Recent studies focus also on the speed of transition and on its effects on economic outcomes. Continuing in this direction we focus on brown regions (i.e. specialized in fossil-fuel technologies) and the challenges that they face to become sustainable. Taking as example German Labour Market Regions we identify brown regions and measure their transition using an innovative approach based on Social Network Analysis and Knowledge Spaces. We find that the earlier a region transitioned to green technologies, the better it is for both its social and economic outcomes. Our findings imply that the transition of brown regions has effects on socio-economic outcomes not yet accounted for in the sustainability transition literature.
    Keywords: green transition, green technologies, knowledge spaces, network embeddedness, socio-economic development
    JEL: O32 O33 R11
    Date: 2023–03–09
  19. By: Manh-Hung Nguyen (TSE-R - Toulouse School of Economics - UT1 - Université Toulouse 1 Capitole - Université Fédérale Toulouse Midi-Pyrénées - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement); Chon van Le (VNU-HCM - Vietnam National University - Ho Chi Minh City); Scott Atkinson (University of Georgia [USA])
    Abstract: The paper investigates the production inefficiency of the US electricity industry in the wake of restructuring and emission reduction regulations.
    Keywords: Technical inefficiency, Electricity industry, Restructuring, Emissions
    Date: 2022–11–24
  20. By: Aashima Sinha
    Abstract: Building on a Kaleckian-structuralist macroeconomic growth model this paper examines the impact of the interaction between labor market gender equality and social reproduction (SR) or care provisioning, on economic growth across U.S. states. Using panel data for 2003-2017 and principal component analysis, I construct two composite scores for each state to capture care provisioning by household, state, and the market sectors on the supply side and caring tendency to invest in human capacities on the demand side. The interaction of these scores results in four stylized SR regimes. Next, I examine the relationship between women’s labor force participation rate (WLFPR) and state’s per-capita growth rate across these regimes. The paper contributes new evidence to the engendering macroeconomics scholarship on promoting gender-egalitarian and pro-care economic growth by showing that: 1) regimes characterized by strong public, market, and gender-equal care provisioning experience higher per-capita growth rates compared to regimes that lack such care provisioning; 2) higher WLFPR is compatible with higher economic growth in states with gender-equal care structures and 3) gender-equitable growth can be achieved via statelevel policies that expand social spending, access to care services, and gender equality in labor market.
    Keywords: social reproduction, care, growth, development, United States, gender, macroeconomics JEL Classification: J22, O4, O11
    Date: 2023
  21. By: Edith Nicolas de Lamballerie (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris sciences et lettres - CNRS - Centre National de la Recherche Scientifique); Pauline Jacquier (Université Paris Dauphine-PSL - PSL - Université Paris sciences et lettres); Juliette Launey (Université Paris Dauphine-PSL - PSL - Université Paris sciences et lettres)
    Abstract: This exploratory qualitative research focuses on the impact of the type of registration mode in the Social and Solidarity based Economy (ESS) chosen by fashion companies on consumer trust. Direct (professional insertion) and indirect (sponsorship/foundation) initiatives are distinguished, and a three-dimensional conception of consumer trust (credibility, integrity, benevolence) is adopted. The results indicate that consumer trust is lower for indirect initiatives. Indeed, fashion companies with direct initiatives are perceived as credible, honest and having benevolence, whereas fashion companies with indirect initiatives are perceived as lacking benevolence and, for some, integrity. This research also suggests an extended conception of benevolence as a component of trust, in the case of Social and Solidarity based Economy fashion companies. Limitations and future research directions are discussed.
    Abstract: Cette recherche exploratoire porte sur l'impact de la modalité d'inscription dans l'Economie Sociale et Solidaire (ESS) retenue par des entreprises du secteur de la mode sur la confiance des consommateurs. Les initiatives d'inscription directes (insertion professionnelle) et indirectes (mécénat / fondation) sont distinguées, et une conception tridimensionnelle de la confiance des consommateurs à l'égard de l'entreprise (crédibilité, intégrité, bienveillance) est retenue. Les résultats indiquent que la confiance des consommateurs est moindre pour les initiatives indirectes. En effet, les entreprises du secteur de la mode ayant des initiatives directes sont perçues comme crédibles, intègres et bienveillantes, au contraire de celles ayant des initiatives indirectes qui sont perçues comme manquant de bienveillance voire d'intégrité. La présente recherche propose aussi une conception étendue de la bienveillance constitutive de la confiance dans le cas des entreprises de l'Economie Sociale et Solidaire du secteur de la mode. Les limites et voies de recherche sont discutées.
    Keywords: Économie Sociale et Solidaire, ESS, Confiance du consommateur, Mode, Social and Solidarity based Economy, Consumer Trust, Fashion
    Date: 2022–01–20
  22. By: Eric KEMP-BENEDICT
    Abstract: The core principle of strong sustainability is non-substitutability. Many economic resources rely on ecosystem function, which is at best partially substitutable; ecosystem function can be maintained under moderate pressure, but at some level ecosystem function is compromised. Markets tend to promote degradation of ecosystems and loss of ecosystem function, raising the question what possible alternatives could support human provisioning while maintaining ecosystem function. This paper argues that a useful entry point is the property rights regimes that underpin markets. It briefly reviews how property rights have been theorized or observed to act in economic systems. It then draws on indigenous property law and the Law and Political Economy literatures to critique prevailing views. Finally, it suggests that property rights in an economics for strong sustainability should be framed in terms of general duties (or duties in rem) towards ecosystems.
    JEL: Q
    Date: 2023–02–23
  23. By: Laurie Bréban (PHARE - Philosophie, Histoire et Analyse des Représentations Économiques - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)
    Abstract: After having made it explicit that Smithian sympathy, strictly speaking, possesses an emotional content, I show, in the first section of the paper, that it relies on a complex cognitive process (the "imaginary change of situation") which enables one to conceive of others' sentiments. Of course, Smith's aim, with his system of sympathy, was not to explain how we manage to conceive of others' feelings but rather how we come to be affected by them. This cognitive process constitutes, therefore, just one step, the next step being to highlight how we move from the cognitive to the emotional realm. I argue that such a movement relies on the concept of "force of conception" which allows for our conception of others' feelings to give rise to an emotion being experienced that is related to others' situations. In the second section, I offer a characterization of the emotional result that arises from Smith's imaginary change of situation. I do so by highlighting the influence of the cognitive realm on the emotional realm, through the role of the force of conception. After having highlighted two properties of Smith's imaginary change of situation [(i) the conception bias and (ii) the weakness of conception], I show that it is not only possible but that it is also taken for granted that this imaginary change of situation leads the spectator to feel an emotion distinct from the one felt by the person with whom he identifies. To conclude, I highlight the conditions under which the emotional result of Smith's imaginary change of situation can properly be called "sympathy". I come to the conclusion that Smithian sympathy does consist in a correspondence of sentiments between the sympathizer and the person he is sympathizing with. It shall be argued that the question of the content of sympathy does not lie so much in knowing whether it is a correspondence of sentiments but rather in knowing what Smith means by correspondence?
    Keywords: Adam Smith, Sympathy, Cognition, Emotions, Croyances, Imagination, Identification
    Date: 2022–12–16
  24. By: Drew Fudenberg; David K Levine
    Date: 2023–03–15
  25. By: Kjelsrud, Anders; Kotsadam, Andreas; Rogeberg, Ole
    Abstract: Montero (2022) explores a discontinuity in a land reform in El Salvador and reports two main findings. First, relative to outside-owned haciendas operated by contract workers, the productivity of worker-owned cooperatives is higher for staple crops and lower for cash-crop. Second, cooperative property rights increase workers' incomes and compress wage distributions. In this comment, we show that the latter result rests on two mistakes: three-quarters of the observations are duplicates and income inequality is calculated over too few workers to be meaningful. When corrected, the data sources and research design provide no credible evidence regarding the causal effects of ownership structure on income levels and inequality.
    Date: 2023

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