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on Heterodox Microeconomics |
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Issue of 2023‒11‒20
ten papers chosen by Carlo D’Ippoliti, Università degli Studi di Roma “La Sapienza” |
| By: | Olk, Christopher; Schneider, Colleen; Hickel, Jason |
| Abstract: | Degrowth lacks a theory of how the state can finance ambitious social-ecological policies and public provisioning systems while maintaining macroeconomic stability during a reduction of economic activity. Addressing this question, we present a synthesis of degrowth scholarship and Modern Monetary Theory (MMT) rooted in their shared understanding of money as a public good and their common opposition to artificial scarcity. We present two arguments. First, we draw on MMT to argue that states with sufficient monetary sovereignty face no obstacle to funding the policies necessary for a just and sustainable degrowth transition. Increased public spending neither requires nor implies GDP growth. Second, we draw on degrowth research to bring MMT in line with ecological reality. MMT posits that fiscal spending is limited only by inflation, and thus the productive capacity of the economy. We argue that efforts to deal with this constraint must also pay attention to social and ecological limits. Based on this synthesis we propose a set of monetary and fiscal policies suitable for a stable degrowth transition, including a stronger regulation of private finance, tax reforms, price controls, public provisioning systems and an emancipatory job guarantee. This approach can support broad democratic mobilization for a degrowth transition. |
| Keywords: | degrowth; ecological macroeconomics; fiscal policy; job guarantee; Modern Monetary Theory; universal public services |
| JEL: | J1 |
| Date: | 2023–12–01 |
| URL: | http://d.repec.org/n?u=RePEc:ehl:lserod:120343&r=hme |
| By: | Cajas Guijarro, John |
| Abstract: | This paper extends the two-dimensional Goodwin model of distributive cycles by incorporating endogenous technical change, inspired on some insights originally formulated by Marx. We introduce a three-dimensional dynamical system, expanding the model to include wage share, employment rate, and capital-output ratio as state variables. Theoretical analysis demonstrates an economically meaningful and locally stable equilibrium point, and the Hopf bifurcation theorem reveals the emergence of stable limit cycles as the mechanization-productivity elasticity surpasses a critical value. Econometric estimation of model parameters using ARDL bounds cointegration tests is performed for the US economy from 1965 to 2019. Simulations show damped oscillations, limit cycles, and unstable oscillations, contributing to the understanding of complex capitalist dynamics. |
| Keywords: | Goodwin model, endogenous technical change, Hopf bifurcation, ARDL, numerical simulations |
| JEL: | C61 E11 E32 O33 O41 |
| Date: | 2023–10–15 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:118878&r=hme |
| By: | - |
| Abstract: | Time-use surveys are data collection tools that quantitatively measure the time women and men allocate to paid and unpaid work activities in a typical day or week. These surveys provide information on the unpaid work activities that burden women more than men, such as unpaid care work. These unpaid work burdens hinder women’s participation in the labour force and contribute to the gender gap in labour markets. Hence, these surveys produce information crucial in designing social and economic policies aimed at reducing gender inequality in employment and labour market participation. |
| Date: | 2023–10–12 |
| URL: | http://d.repec.org/n?u=RePEc:ecr:col095:68625&r=hme |
| By: | Andrea El Meligi (European Commission - JRC); Valeria Ferreira (Universitat Rovira i Virgili); Emanuele Ferrari (European Commission - JRC) |
| Abstract: | A Social Accounting Matrix (SAM) is a comprehensive and economy-wide database that records data on all transactions taking place in an economy over a specific period, typically one year. The SAM serves two primary objectives. Firstly, it presents the economic structure and interrelationships among economic agents in the region under analysis. Secondly, it provides a database for analysing the economy’s performance and simulating the effects of policy interventions through multisectoral linear models and computable general equilibrium (CGE) models. This paper presents the 2016 SAM for Cameroon, offering a suitable database for implementing and evaluating the country's developmental, social, economic and environmental policies. The paper outlines how to pass from a standard structure of the SAM to a detailed scheme by explaining all the accounts included, and covering key aspects of its construction and estimation. This SAM presents a high level of disaggregation by encompassing labour and household characteristics, along with satellite accounts for employment and emissions. The SAM is used as a database to perform a descriptive analysis of the Cameroonian economy and to obtain results that focus on the three sustainability dimensions: social, economic and environmental. |
| Keywords: | input-output analysis, multipliers, regional studies, country report, emissions, jobs creation |
| JEL: | D10 D33 D57 E16 E20 N17 N37 N47 N57 N67 N77 O55 Q17 Q18 Q52 Q56 R15 |
| Date: | 2023–10 |
| URL: | http://d.repec.org/n?u=RePEc:ipt:eapoaf:202305&r=hme |
| By: | Romane Frecheville-Faucon; Magali Jaoul-Grammare; Faustine Perrin |
| Abstract: | Gender equality and women’s empowerment are universally recognized as essential for sustainable and prosperous development. This chapter offers a comprehensive overview of gender inequalities prevalent in the twentieth and twenty-first centuries, delving into the historical context of such disparities with a particular focus on education. The chapter highlights the strides made through the implementation of legal frameworks and policies. However, despite significant progress, gender inequalities persist, leaving women susceptible to adverse consequences in their daily lives and rendering them more vulnerable to economic shocks. By gaining a comprehensive understanding of gender inequalities and taking active measures to address them, societies could strive towards a more inclusive and egalitarian society and foster sustainable and prosperous developments for all. |
| Keywords: | Gender; Inequality; Policy; Sustainable Development. |
| JEL: | B54 I24 J16 |
| Date: | 2023 |
| URL: | http://d.repec.org/n?u=RePEc:ulp:sbbeta:2023-32&r=hme |
| By: | Alvarado, Víctor; Tambutti, Marcia; Rankovic, Aleksandar |
| Abstract: | The severity of cascading global environmental, climate, economic, social and health crises is such that they sometimes seem insurmountable. ECLAC has therefore compiled a set of best practices, drawing from cases in Latin America and the Caribbean that can serve as models to promote comprehensive structural change and improve socioeconomic and environmental well-being. This study addresses challenges, opportunities and lessons learned as to how mainstreaming biodiversity in the agriculture, fisheries, forestry, financial, manufacturing, infrastructure and tourism sectors is a catalyst for the transition towards comprehensive development, in line with the 2030 Agenda, and a fundamental tool for the implementation of the new post-2020 global biodiversity framework. The cases, implemented at varying scales, in diverse ecosystems and with different approaches, show that the shift towards environmentally-friendly production and development patterns is under way in various sectors of the region and that initiatives can be replicated and scaled up. |
| Keywords: | DIVERSIDAD BIOLOGICA, AGENDA 2030 PARA EL DESARROLLO SOSTENIBLE, DESARROLLO SOSTENIBLE, DESARROLLO ECONOMICO, SECTOR INDUSTRIAL, INSTITUCIONES FINANCIERAS, PRODUCTIVIDAD, BIOLOGICAL DIVERSITY, 2030 AGENDA FOR SUSTAINABLE DEVELOPMENT, SUSTAINABLE DEVELOPMENT, ECONOMIC DEVELOPMENT, INDUSTRIAL SECTOR, FINANCIAL INSTITUTIONS, PRODUCTIVITY |
| Date: | 2022–12–09 |
| URL: | http://d.repec.org/n?u=RePEc:ecr:col022:48563&r=hme |
| By: | Actis Di Pasquale, Eugenio; Aspiazu, Eliana; Carboni, Tamara |
| Abstract: | Las ocupaciones de cuidado -como la enfermería, la educación inicial, los cuidados socio-comunitarios y el cuidado de niño/as y adulto/as en casas particulares- representan en su conjunto alrededor del 40% de la población asalariada femenina en Argentina. Si bien entre sí tienen grandes diferencias, sobre todo en los niveles de institucionalización, profesionalización y formalización, se trata de trabajos que tienen en común ser altamente feminizados, poco valorizados social y económicamente y tener una alta carga de trabajo emocional y afectivo. |
| Keywords: | Trayectorias Laborales; Mujeres Trabajadoras; Mar del Plata; |
| Date: | 2023–10 |
| URL: | http://d.repec.org/n?u=RePEc:nmp:nuland:3960&r=hme |
| By: | Oliver, Adam |
| Abstract: | In this article, I contend that the behavioural effects that tend to be labelled as errors by most behavioural economists, and as such have served as the justification for a paternalistic direction in behavioural public policy (i.e. policy intervention that aims to protect people from imposing harms on themselves), are in an ecological sense not errors at all. While acknowledging that modern societies are very different from the types of societies in which these effects evolved, I argue that we still cannot conclude that attempts to modify people’s choices in accordance with these so-called errors will improve the lives of those targeted for behaviour change, particularly given the varied and multifarious private objectives and desires that people pursue. Where people are imposing no substantive harms on others, I maintain that policy makers should restrict themselves to protecting and fostering the fundamental motivational force of reciprocity, which serves to benefit the group (which could be the whole society) and, by extension, most of the people who comprise the group, irrespective of their own personal desires in life. However, when one party to any particular exchange actively uses the behavioural affects to benefit themselves but imposes harms on the other party to the exchange, the concept of a free and fair reciprocal exchange has been violated. In these circumstances, there is an intellectual justification to introduce behavioural-informed regulations – a form of negative reciprocity – against activities that impose unacceptable harms on others. My arguments thus call for behavioural public policy to preserve individual autonomy within an overarching policy framework that nurtures reciprocity whilst at the same time regulates against behavioural-informed practices that impose substantive harms on others, rather than focusing on reducing the harms that people supposedly impose on themselves. This would be a major switch in emphasis for one of the most important developments in public policy in modern times. |
| Keywords: | behavioural; ecology; evolution; prospect theory; reciprocity; reflection; scarcity |
| JEL: | D91 Z10 |
| Date: | 2023–09–06 |
| URL: | http://d.repec.org/n?u=RePEc:ehl:lserod:111558&r=hme |
| By: | Nils Ferrand (STEEP - Sustainability transition, environment, economy and local policy - Inria Grenoble - Rhône-Alpes - Inria - Institut National de Recherche en Informatique et en Automatique - LJK - Laboratoire Jean Kuntzmann - Inria - Institut National de Recherche en Informatique et en Automatique - CNRS - Centre National de la Recherche Scientifique - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes, UMR G-EAU - Gestion de l'Eau, Acteurs, Usages - Cirad - Centre de Coopération Internationale en Recherche Agronomique pour le Développement - BRGM - Bureau de Recherches Géologiques et Minières (BRGM) - IRD - Institut de Recherche pour le Développement - AgroParisTech - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement - Institut Agro Montpellier - Institut Agro - Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement, UM - Université de Montpellier, INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, IRSTEA - Institut national de recherche en sciences et technologies pour l'environnement et l'agriculture) |
| Keywords: | concertation, systèmes multi-acteurs, participation, planification |
| Date: | 2023–01 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04233709&r=hme |
| By: | Anaïs Boutru Creveuil (Université Paris Dauphine-PSL - PSL - Université Paris sciences et lettres, DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris sciences et lettres - CNRS - Centre National de la Recherche Scientifique, M-Lab - Université Paris Dauphine-PSL - PSL - Université Paris sciences et lettres, DRM - MLAB - Dauphine Recherches en Management - MLAB - DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris sciences et lettres - CNRS - Centre National de la Recherche Scientifique); Anne-Laure Delaunay (LITEM - Laboratoire en Innovation, Technologies, Economie et Management (EA 7363) - UEVE - Université d'Évry-Val-d'Essonne - Université Paris-Saclay - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris], IMT-BS - TIM - Département Technologies, Information & Management - IMT - Institut Mines-Télécom [Paris] - IMT-BS - Institut Mines-Télécom Business School - IMT - Institut Mines-Télécom [Paris]); Marie-Pierre Vaslet (ARENES - Centre de Recherches sur l'Action Politique en Europe - UR - Université de Rennes - Institut d'Études Politiques [IEP] - Rennes - EHESP - École des Hautes Études en Santé Publique [EHESP] - CNRS - Centre National de la Recherche Scientifique, VALLOREM - Val de Loire Recherche en Management - UO - Université d'Orléans - UT - Université de Tours); Norélia Voiseux (LAGAM - Laboratoire de Géographie et d'Aménagement de Montpellier - UPVM - Université Paul-Valéry - Montpellier 3) |
| Abstract: | The literature on the role of the social scientist is prolific. Nevertheless, few research specifically addresses the case of the practitioner becoming a researcher, despite the development of management research training courses for practitioners, such as the DBA. This article aims to define this reality of the practitioner becoming a researcher, in its tensions, strengths and weaknesses. On the basis of a comparative analysis of four case studies, we distinguish the practitioner who becomes a researcher from the insider, the native researcher and the outsider. At is characterized by an experiential process that begins with a managerial question from their own experience. The practitioner who becomes a researcher must then engage in a process of theorizing, which acts as a safeguard against the missionary missionary nature of solving this managerial question. We conclude by encouraging practitioners practitioners who become researchers to take on this experiential process of tension and questioning as an integral part of their research process and method. |
| Abstract: | La littérature sur la place du chercheur en sciences sociales est prolifique. Néanmoins, peu de recherches abordent spécifiquement le cas du praticien devenant chercheur, malgré le développement de formations à la recherche en gestion pour les praticiens, comme le DBA. Cet article vise à définir cette réalité du praticien devenant chercheur, dans ses tensions, ses forces et ses faiblesses. À partir de l'analyse comparative de quatre retours d'expérience, nous distinguons le praticien devenant chercheur de l'insider, du chercheur natif, de l'outsider. En effet, son parcours se caractérise par un processus expérientiel qui commence par une question managériale issue de sa propre expérience. Le praticien devenant chercheur doit ensuite s'engager dans une montée en théorie qui joue un rôle de garde-fou face au caractère missionnaire de la résolution de cette question managériale. Nous terminons par encourager les praticiens devenant chercheurs à assumer ce processus expérientiel fait de tensions et de questionnements, comme partie intégrante de leur cheminement et de leur méthode de recherche. |
| Keywords: | Processus expérientiel, Praticien, Chercheur, Insider, Outsider, Méthodologie |
| Date: | 2023–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-04120574&r=hme |