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on Heterodox Microeconomics |
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Issue of 2026–02–23
fifteen papers chosen by Carlo D’Ippoliti, Università degli Studi di Roma “La Sapienza” |
| By: | Zebiao Li; Rui Liu; Chengyi Tu |
| Abstract: | The governance of common-pool resources-resource systems characterized by high subtractability of yield and difficulty of exclusion-constitutes one of the most persistent and intricate challenges in the fields of economics, ecology, and applied mathematics. This comprehensive review delineates the historical and theoretical evolution of the mathematical frameworks developed to analyze, predict, and manage these systems. We trace the intellectual trajectory from the early, deterministic bioeconomic models of the mid-20th century, which established the fundamental tension between individual profit maximization and collective efficiency, to the contemporary era of complex coupled human-environment system models. Our analysis systematically dissects the formalization of the "Tragedy of the Commons" through the lens of classical cooperative and non-cooperative game theory, examining how the N-person Prisoner's Dilemma and Nash Equilibrium concepts provided the initial, albeit pessimistic, predictive baseline. We subsequently explore the "Ostrom Turn, " which necessitated the integration of institutional realism-specifically monitoring, graduated sanctions, and communication-into formal game-theoretic structures. The review further investigates the relaxation of rationality assumptions via evolutionary game theory and behavioral economics, highlighting the destabilizing roles of prospect theory and hyperbolic discounting. Finally, we synthesize recent advances in stochastic differential equations and agent-based computational economics, which capture the critical roles of spatial heterogeneity, noise-induced regime shifts, and early warning signals of collapse. By unifying these diverse mathematical threads, this review elucidates the shifting paradigm from static optimization to dynamic resilience in the management of the commons. |
| Date: | 2026–02 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2602.03129 |
| By: | Nicolas B. Verger (DCU - Dublin City University [Dublin]); Raffi Duymedjian (EESC-GEM - Grenoble Ecole de Management); Vlad P Glăveanu (DCU - Dublin City University [Dublin]) |
| Abstract: | Meritocracy is often discussed as an issue of distributive justice – that is, as the fair allocation of resources. Capitalist organizations are frequently structured around meritocracy, rewarding people hierarchically according to their talent and hard work. Amid concerns that these organizations also contribute to sustaining the ecological crisis, how does meritocracy contribute to, or maintain, environmental damage? In this Connexion piece, we explore this issue. Our analysis identifies a dominant system embedded within capitalism, which we call the Meritocracy of Production. This system views the world primarily as a collection of exploitable resources, rewarding maximization, efficiency and innovative exploitation aimed at unlimited outputs, often justifying extensive resource extraction with little regard for socio-ecological consequences. By contrast, we discuss practices (e.g. bricolage, upcycling, low-tech) that exemplify a Meritocracy of Preservation. This alternative emphasizes sustainable co-existence and collective robustness, valuing dignified, respectful and interdependent relations within ecological and social environments. It rewards practices that sustainably contribute to co-habitation and co-existence. We argue these two meritocratic systems are ontologically equivalent, each offering distinct worldviews, narratives and modes of engagement with the world. People and organizations navigate tensions between these poles by borrowing discursive and representational elements from both systems. While these elements simultaneously influence everyday practices, capitalist organizations are heavily skewed toward the Meritocracy of Production, placing little emphasis on valuing efforts of dynamic preservation—that is, on amplifying the worth and dignity of multiple things-in-the-world, not as a return to a pristine past, but as their ongoing rearrangements to enable their cohabitation. Recognizing this interplay highlights the need to shift towards greater ecological balance and environmental responsibility. |
| Abstract: | La méritocratie est souvent abordée comme une question de justice distributive, c'est-à-dire comme une allocation équitable des ressources. Les organisations capitalistes sont fréquemment structurées autour de la méritocratie, récompensant les individus de manière hiérarchique en fonction de leur talent et de leur travail. Alors que ces organisations sont également mises en cause pour leur contribution au maintien de la crise écologique, comment la méritocratie participe-t-elle aux dommages environnementaux, ou les perpétue-t-elle ? Dans cet article de Connexion, nous explorons cette question. Notre analyse met en évidence un système dominant inscrit dans le capitalisme, que nous appelons la méritocratie de la production. Ce système considère le monde avant tout comme un ensemble de ressources exploitables et valorise la maximisation, l'efficacité et l'exploitation innovante orientées vers une production illimitée, justifiant souvent une extraction intensive des ressources sans réelle prise en compte des conséquences socio-écologiques. À l'inverse, nous examinons des pratiques (par exemple le bricolage, l'upcycling, le low-tech) qui illustrent une méritocratie de la préservation. Cette alternative met l'accent sur une coexistence durable et une robustesse collective, en valorisant des relations dignes, respectueuses et interdépendantes au sein des environnements écologiques et sociaux. Elle récompense les pratiques qui contribuent de manière durable à la cohabitation et à la coexistence. Nous soutenons que ces deux systèmes méritocratiques sont ontologiquement équivalents, chacun proposant des visions du monde, des récits et des modes d'engagement distincts avec celui-ci. Les individus et les organisations naviguent entre ces pôles en empruntant des éléments discursifs et représentationnels à chacun des deux systèmes. Bien que ces éléments influencent simultanément les pratiques quotidiennes, les organisations capitalistes restent fortement orientées vers la méritocratie de la production, accordant peu d'importance à la valorisation des efforts de préservation dynamique — c'est-à-dire à l'amplification de la valeur et de la dignité de multiples entités-au-monde, non pas comme un retour à un passé pristine, mais comme des réagencements continus permettant leur cohabitation. Reconnaître cette interaction met en lumière la nécessité d'un déplacement vers un plus grand équilibre écologique et une responsabilité environnementale accrue. |
| Keywords: | Creative preservation, creativity, ecology, innovation, meritocracy, post-growth, resource, resourcification, sustainability ORCID iDs |
| Date: | 2025–07–13 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05422094 |
| By: | Benjamin Cordrie (ECLORE - Economie Circulaire et vaLOrisation des REssources - UniLaSalle); Clotilde Grassart (CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique); Victor Bayard (UniLaSalle) |
| Abstract: | This article examines the recent dynamics of structuring the reuse sector in France, focusing on solidarity-based reuse as a meso critical space (Lamarche, 2023; Bodet et Lamarche, 2020). It shows how this space is constructed and stabilized through the collective action of historical actors, in particular through the creation of a coalition, the Union for Solidarity-Based Reuse (URS). To do so, the article draws on Andy Smith's (2019) framework of political work to show how this space is shaped through the activities of problematization, instrumentation, and legitimization undertaken by actors in the solidarity-based reuse sector. In the face of increasing competition within the sector, these activities aim to safeguard it by establishing boundaries and a shared identity. |
| Abstract: | Cet article analyse les dynamiques récentes de structuration du secteur du réemploi en France, en se concentrant sur le réemploi solidaire comme espace méso critique (Lamarche, 2023 ; Bodet et Lamarche, 2020). Il montre comment cet espace se construit et se stabilise à travers l'action collective des acteurs historiques, et en particulier via la création d'une coalition, l'Union pour le Réemploi Solidaire (URS). En mobilisant la grille du travail politique d'Andy Smith (2019), l'article met en évidence la manière dont cet espace est façonné à partir des activités de problématisation, d'instrumentation et de légitimation entreprises par les acteurs du réemploi solidaire. Face à une concurrence croissante au sein du secteur, il s'agit de s'en prémunir par la production de frontières et d'une identité commune. |
| Keywords: | regulation, mesoeconomic space, political work, régulation, espace mésoéconomique, économie sociale et solidaire, responsabilité élargie du producteur, travail politique |
| Date: | 2026–02–06 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05501479 |
| By: | Ségolène Anzangossoue (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique) |
| Abstract: | This paper explores the universality of the ecological and social transition in marketing by analysing its ideological underpinnings and implicit exclusions. It draws on an academic corpus and adopts a narrative approach to interrogate critical paradigms supporting this transition, such as Consumer Culture Theory (CCT) and Transformative Consumer Research (TCR). The study situates them within a global critique of Eurocentrism and explores their capacity to integrate perspectives from non-Western contexts. The expected results envisage a decolonisation of marketing theories through the tension between universality and pluriversality, to propose strategies adapted to diverse contexts and to renew approaches to sustainability and marketing research. |
| Abstract: | Ce travail examine l'universalité de la transition écologique et sociale du marketing en analysant ses fondements idéologiques et ses exclusions implicites. Il s'appuie sur un corpus académique et adopte une approche narrative pour interroger des paradigmes critiques soutenant cette transition, tels que la Consumer Culture Theory (CCT) et la Transformative Consumer Research (TCR). L'étude les situe dans une critique globale de l'eurocentrisme, en explorant leur capacité à intégrer des perspectives provenant de contextes non occidentaux. Les résultats attendus envisagent une décolonisation des théories du marketing par la mise en tension entre l'universalité et la pluriversalité, afin de proposer des stratégies adaptées à des contextes diversifiés et de renouveler les approches de durabilité et de recherche en marketing. |
| Keywords: | ecological and social transition in marketing, episteme, decolonialisation, Transition écologique et sociale du marketing, épistémè, décolonisation |
| Date: | 2025–05–14 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05495733 |
| By: | Lüpnitz, Jonas |
| Abstract: | This working paper investigates the tension between market forces and welfare policies by applying Karl Polanyi's "double movement" study to pre- and posttransformation Poland. The analysis aims at providing a comprehensive perspective on how poverty relief policies impacted and have been impacted by social, economic and political changes. Under socialism, the centralised welfare system promoted egalitarianism but failed to efficiently alleviate poverty. Solidarno´s´c, acting as a Polanyian countermovement, turned against the lack of adequate welfare policies. After the transition to capitalism the neoliberal shock therapy with its subsequent retrenchment increased inequality and, hence, poverty remained a substantial issue. Strikes and the electoral success of right-wing populism are analysed as a Polanyian countermovement advocating stronger social protection. The findings highlight how Polish history has been affected by a close interaction between Polanyian counter movements and expanding market forces that were not adequately met by poverty relief policies. |
| Keywords: | Marxism, Poverty Distribution, Welfare Effects, Economic History, Political Economy, Transition Economies, Former Socialist States |
| JEL: | B24 D33 I32 I38 N34 P16 P2 P36 |
| Date: | 2026 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:ipewps:336777 |
| By: | Thibault Mirabel (Capital Collectif); Aurélien Quignon (ICN Business School) |
| Abstract: | This article examines the relationship between employee ownership and technological innovation. The impact of worker cooperatives' democratic governance on innovation is debated-some highlight financial constraints and slow decision-making as disadvantages, while others emphasize participatory structures and knowledge-sharing as advantages for innovation. Using a balanced panel of French worker cooperatives from 2014 to 2018, we find nuanced relationship: the share of worker-owners among workers positively influences innovation, whereas the share of worker-owners among owners negatively impacts innovation, providing empirical evidence for both the advantage and disadvantage hypotheses. Regional spillover effects also play a significant role. These findings challenge the notion that worker cooperatives are inherently less innovative than conventional firms and highlight the importance of ownership distribution and external conditions in shaping innovation outcomes. |
| Keywords: | Employee ownership, Worker participation, Worker cooperative, Innovation, Entrepreneurship |
| Date: | 2025–12–22 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05430064 |
| By: | Richard N. Langlois (University of Connecticut) |
| Abstract: | I hope to accomplish two things in this paper. First, I will examine my early engagement with Schumpeter and my work analyzing his ideas. This will include (1) my efforts to challenge the notion that Schumpeter somehow changed his views on entrepreneurship and (2) my reconstruction of his perspective on managerialism and my interpretation of what he truly meant by the “obsolescence of the entrepreneur.” Second, I will consider Schumpeter as a Public Choice theorist, reflecting on his contributions to that field in the context of today’s contested populist political environment, contrasting his approach with that of the Virginia School of Public Choice. |
| JEL: | B25 B31 D71 D83 P1 P3 |
| Date: | 2026–02 |
| URL: | https://d.repec.org/n?u=RePEc:uct:uconnp:2026-01 |
| By: | Hanifah, Vyta |
| Abstract: | Approximately 99% of Indonesian dairy farmers reside on Java Island, where small-scale farms (typically managing fewer than four cows and selling through local cooperatives) dominate dairy production. Despite their size, these farms play a vital role in sustaining rural economies and social structures. Women in dairy households contribute significantly to the dairy labour force, including feeding, watering, milking, managing manure, maintaining animal health, processing, and selling dairy products for income. Drawing on experiences from the Women’s Discussion Group initiatives under the IndoDairy (ACIAR-funded) and 1000 Srikandi (ADB-funded) projects, this case study illustrates how gender-sensitive technologies (i.e. mastitis testing using detergent or ‘surf’ test) and gender-inclusive extension services (i.e. hands-on training for women) enhance household resilience and foster food system sustainability. Analysis using a modified version of IFPRI’s Abbreviated Women’s Empowerment in Agriculture Index (A-WEAI) reveals that women in these households are, on average, as empowered as men. The key drivers of this parity include shared responsibilities in farm management and asset ownership, control over income, and active participation in informal groups, though interestingly, not in dairy-related groups (e.g. cooperatives). A deeper examination of the A-WEAI domains, however, reveals persistent challenges in access to credit. Additionally, women’s participation in dairy cooperatives remains limited due to structural and cultural barriers, restricting involvement in decision-making and hindering access to key services and information. While high-level metrics (like A-WEAI) provide a useful tool to measure progress over time, this case study illustrates the need for nuance in the local context as we strive for climate-resilient and inclusive food systems. |
| Keywords: | Livestock Production/Industries |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:ags:cfcp25:391435 |
| By: | Juana Torres-Cierpe (LaborIA - Programme IA - Inria Siège - Inria - Institut National de Recherche en Informatique et en Automatique); Paola Tubaro (CNRS - Centre National de la Recherche Scientifique, ENSAE Paris - École Nationale de la Statistique et de l'Administration Économique - Groupe ENSAE-ENSAI - Groupe des Écoles Nationales d'Économie et Statistique - IP Paris - Institut Polytechnique de Paris, CREST - Centre de Recherche en Économie et Statistique - ENSAI - Ecole Nationale de la Statistique et de l'Analyse de l'Information [Bruz] - Groupe ENSAE-ENSAI - Groupe des Écoles Nationales d'Économie et Statistique - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - ENSAE Paris - École Nationale de la Statistique et de l'Administration Économique - Groupe ENSAE-ENSAI - Groupe des Écoles Nationales d'Économie et Statistique - IP Paris - Institut Polytechnique de Paris - CNRS - Centre National de la Recherche Scientifique); Antonio A. Casilli (I3 SES - Institut interdisciplinaire de l’innovation de Telecom Paris - Télécom Paris - IMT - Institut Mines-Télécom [Paris] - IP Paris - Institut Polytechnique de Paris - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique, NOS - Numérique, Organisation et Société - I3 SES - Institut interdisciplinaire de l’innovation de Telecom Paris - Télécom Paris - IMT - Institut Mines-Télécom [Paris] - IP Paris - Institut Polytechnique de Paris - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique, LACI - Laboratoire d'anthropologie critique interdisciplinaire - EHESS - École des hautes études en sciences sociales - LAP - Laboratoire d’anthropologie politique – Approches interdisciplinaires et critiques des mondes contemporains, UMR 8177 - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique) |
| Abstract: | In digital environments, value production involves not only computer developers and engineers, but a broader range of digital subjects – from users to data workers – whose contributions are often occluded from view. We break down their digital labour into its different forms: classification, monetisation and automation in the case of users; and preparation, verification and impersonation in the case of data workers. Far from a simple succession of predefined mechanical tasks, we show that all these forms of work are complex human activities that harness knowledge, skills, personal commitments, moral judgements, emotional elements and bodily dimensions. When we open the black box of AI, what emerges is a plurality of subjects who, through their digital interactions, reveal intimate aspects of their subjectivities and form an essential—though largely overlooked—part of the value chain that sustains this technology. Therefore, any critical reflection on the regulation of AI and its ethical and social implications must recognise the active role played by these digital subjects as co-producers of value and invisible protagonists of the ongoing technological transformation. |
| Abstract: | En los entornos digitales, la producción de valor no solo involucra a desarrolladores e ingenieros informáticos, sino a una gama más amplia de sujetos digitales —desde usuarios hasta trabajadores de datos— cuyas contribuciones a menudo quedan ocultas a la vista. Descomponemos su trabajo digital en sus diferentes formas: clasificación, monetización y automatización en el caso de los usuarios; y preparación, verificación y suplantación en el caso de los trabajadores de datos. Lejos de ser una simple sucesión de tareas mecánicas predefinidas, demostramos que todas estas formas de trabajo son actividades humanas complejas que aprovechan conocimientos, habilidades, compromisos personales, juicios morales, elementos emocionales y dimensiones corporales. Al abrir la caja negra de la IA, lo que emerge es una pluralidad de sujetos que, a través de sus interacciones digitales, revelan aspectos íntimos de sus subjetividades y forman una parte esencial —aunque en gran medida ignorada— de la cadena de valor que sustenta esta tecnología. Por lo tanto, cualquier reflexión crítica sobre la regulación de la IA y sus implicaciones éticas y sociales debe reconocer el papel activo que desempeñan estos sujetos digitales como coproductores de valor y protagonistas invisibles de la transformación tecnológica. |
| Keywords: | Digital labour, Platform work, Micro-work, AI data work, trabajo de datos, microtrabajo, Trabajo de plataforma |
| Date: | 2026 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05491713 |
| By: | Selinger, Daniel P; Crofton, Isaak |
| Abstract: | This essay argues that Ludwig von Mises’ regression theorem, when interpreted with full attention to its original logical structure and later Austrian developments, can be elevated from a narrow solution to the monetary circularity problem into a comprehensive methodological framework for analysing the non-monetary utility of cryptographic money. The authors reconstruct the classical Mises–Rothbard formulation and apply it to early Bitcoin history and to Monero’s genesis—especially the first non-coinbase transaction at block 110—to show that these systems exhibited technological, epistemic, and ideological utilities at “zero-day, ” prior to any established exchange value. The article also critiques recent misapplications of the regression theorem that dilute its rigor by treating virtually any collectible or idiosyncratically valued object as sufficient to satisfy its requirements, thereby trivializing the theorem. In contrast, the authors propose a disciplined regression-based research programme capable of distinguishing genuine cryptographic innovations from speculative tokens, tracing how early non-monetary utilities bootstrap intersubjective demand, marketability, and eventual monetary roles. The essay concludes that a rigorously applied regression framework provides a powerful tool for evaluating digital assets, advancing cryptographic research, and understanding the emergence of new monetary and institutional forms. |
| Keywords: | Mises’ regression theorem; non-monetary utility; cryptocurrencies; Bitcoin; Monero; zero-day analysis; Austrian economics; commodity theory of money; cryptographic primitives; privacy technologies; methodological framework; monetary emergence; blockchain history; digital assets evaluation |
| JEL: | B41 E31 Z1 Z11 Z19 |
| Date: | 2025–09 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:127140 |
| By: | Arizmendi, Luis-Felipe |
| Abstract: | Narratives shape beliefs, influence expectations, propagate through populations, and affect macroeconomic dynamics. Behavioral economics has documented systematic deviations from rationality, while narrative economics emphasizes that stories spread epidemically and move asset prices, consumption, investment, and policy. This paper develops a rigorous mathematical framework integrating these insights using Hilbert-space methods and operator theory. Beliefs and narratives are represented as vectors in a complete inner-product space; propagation, distortion, and contagion are modeled by linear and nonlinear operators; and macroeconomic expectations emerge as projections of narrative vectors onto relevant economic directions. We derive conditions for viral amplification, exponential forgetting, the existence and uniqueness of stationary narrative states, and the stability of narrative-driven inflation and output expectations. Behavioral distortions such as availability, anchoring, and herding are formalized as nonlinear perturbations. The framework provides a unified structure for incorporating narratives into modern macroeconomic theory without abandoning mathematical rigor. |
| Keywords: | Hilbert spaces; narrative economics; behavioral macroeconomics; operator theory; expectations; economic methodology. |
| JEL: | B41 C40 D83 D84 E6 E65 |
| Date: | 2025–11–20 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:127914 |
| By: | Franziska Dorn; Kim Sarah Meier; Simone Maxand |
| Abstract: | Understanding poverty and well-being requires moving beyond income-based measures to account for how work and time are organized within households. While income and unpaid work sustain household living standards, in combination with leisure they determine how these standards are produced and experienced at the individual level, yet the two time dimensions remain largely absent from conventional poverty measurement. To assess living standards and set poverty thresholds we determine a bivariate relative poverty line on the household level and advance this approach to a trivariate poverty surface on the individual level. We base this measure on non-parametric multivariate quantiles. Using the 2018 Mexican National Survey of Household Income and Expenditure reveals substantial deprivation overlooked by income based measures. At the household level, 17.89% are bidimensional poor but located above the univariate thresholds. At the individual level, 26.9% are trivariate poor but above univariate thresholds, with pronounced intersectional differences. Trivariate deprivation is systematically associated with education, age, gender, and ethnicity. The resulting poverty surface further allows us to identify binding constraints and discuss pathways out of poverty in relation to social and ecological sustainability. |
| Keywords: | Multidimensional poverty assessment, income distribution, time-use distribution, intersectional differences, time and income poverty |
| Date: | 2026–02–02 |
| URL: | https://d.repec.org/n?u=RePEc:bdp:dpaper:0090 |
| By: | Nikiforos, Michalis; Missos, Vlassis; Pierros, Christos; Rodousakis, Nikolaos |
| Abstract: | This paper investigates the structural transformation of the Greek economy over the past fifteen years, focusing on the increasing dominance of the Accommodation and Food Service Activities (AFSA) sector in the aftermath of austerity and structural reforms. Despite promises of productivity gains through labor market and product market reforms, the Greek economy has experienced a sharp decline in labor productivity and a significant reallocation of employment towards low-productivity sectors, especially AFSA, reminiscent of a Lewis-type dual sector economy. Using a simple Panel-VAR model we find that declining aggregate demand and real wages were key drivers of this productivity collapse. Our findings support theories of technological change that emphasize output growth and the cost of labor as fundamental determinants of productivity growth. |
| Keywords: | Greece; austerity; structural reforms; structural transformations; technical change |
| JEL: | E60 H30 J38 J50 O10 O30 |
| Date: | 2025–10 |
| URL: | https://d.repec.org/n?u=RePEc:ehl:lserod:137246 |
| By: | Tittor, Anne; Simon, Jenny; Kalt, Tobias |
| Abstract: | We are witnessing the rise of a global hydrogen economy characterised by uneven global geographies of energy, industrial production and extractivism. In this new landscape, large-scale hydrogen production is anticipated to develop in Global South countries with the goal of exporting it to the Global North to support their decarbonization and green industrialisation initiatives. Although some exporting countries in the Global South are pursuing plans for self-determined green industrialisation, there is a significant risk that these efforts may fail. Instead, it seems likely that once again extractivist patterns are reproduced and socio-environmental costs externalised to the Global South. Additionally, the debate about the material basis for so-called low-carbon hydrogen is undergoing a shift. While the initial focus had been on hydrogen production from renewable energy, now hydrogen based on fossil fuels with carbon capture and storage as well as from nuclear energy are gaining importance. Furthermore, fossil continuities continue to shape the emerging hydrogen economy even in cases where green hydrogen is prioritised. To analyse these contested and contradictory developments of the global hydrogen economy, we employ the concept of post-fossil extractivism and provide empirical evidence from the EU, Germany, South Africa, Namibia, Argentina and Chile. |
| Keywords: | Decarbonisation, extractivism, fossil fuels, green industrial policy, hydrogen |
| JEL: | B52 F18 F52 Q42 Q43 O13 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:ipewps:336776 |
| By: | Bell, Peter |
| Abstract: | This paper describes a methodology to compare historical episodes where governments announce policy changes that impact natural resources and extractive industries. For example, the Province of British Columbia implemented a new tax policy for mining in 1974 that created “super royalty payments” and drastically reduced local mining activity; this paper introduces statistical measurements to capture media attention, stock market effects, and GDP impacts of policy changes like the creation of super royalties in BC. These statistical measures can be compared between different historical episodes to understand the range of outcomes for government policy changes. The method also applies to logging, oil and gas, and agriculture, which are highly impacted by government policy. The paper identifies several historical episodes that can serve as case studies to use the methodology, although full implementation of the method is beyond the scope of this paper. |
| Keywords: | Government, Action, Natural Experiment, Methodology, Historical, Data Science, Mining, Oil, Forestry, Agriculture, Chile, Norway, Saudi Arabia, Canada, |
| JEL: | B5 C8 C80 C81 D6 E6 G0 G1 G17 H2 H23 H25 H5 K2 K23 L5 L7 L72 N5 O2 P11 P16 Q3 Q32 Q33 Q4 Q5 Y1 |
| Date: | 2025–12–10 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:127298 |