|
on Heterodox Microeconomics |
|
Issue of 2025–10–06
twenty-two papers chosen by Carlo D’Ippoliti, Università degli Studi di Roma “La Sapienza” |
| By: | Hagen M. Krämer (Karlsruhe University of Applied Sciences) |
| Abstract: | Kurt W. Rothschild, an Austrian economist known for his multiparadigmatic and inter¬discipli-nary approach, made significant contributions to Keynesian and post†Keynesian economic theory. Born in 1914 in Vienna, his work encompassed price theory, labor market economics, growth and distribution, power and ethics in economics, and economic policy. His incisive critique of neoclassical theories, advocacy for state intervention, and commitment to methodological pluralism distinguish his work as a vital contribution to economic thought. Since income distribution is a central theme in Rothschild’s research, this paper examines his contributions to post†Keynesian distribution theory. Following a brief overview of his life, academic formation, and the historical context that shaped his thinking, the paper explores his theoretical innovations, emphasizing his rejection of mono†causal explanations in favor of an approach that integrates economic, political, and social dynamics. Rothschild’s perspective on income distribution as a product of complex interactions between markets, institutions, power structures, and ongoing conflict is a defining feature of his work. The paper concludes by assessing the continued relevance of his insights for contemporary economic research. His legacy remains a guiding framework for scholars seeking a more holistic and dynamic understanding of income distribution and its policy implications. |
| Keywords: | Kurt Rothschild, Multiparadigmatic Approach, Post†Keynesian Theory, Bargaining Power, Labor Market Economics, Distribution Theory |
| JEL: | E24 D31 J31 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:imk:fmmpap:118-2025 |
| By: | J. Atsu Amegashie |
| Abstract: | According to the economics Nobel laureate, Kenneth Arrow, “… capitalism is a flawed system. It probably has the same virtues as Churchill attributed to democracy: It’s the worst system except for any other.” Thus, capitalism is a necessary evil, but it is not inherently bad. I argue that most people have a capitalist mindset but do not have the power to be capitalists. There are different intensities of capitalist mindsets and constraints on the power of capitalists. Thus, there are different types of capitalism and, as a result, different socio-economic outcomes. I discuss the relationship between capitalism and economics and conclude that the perception that economists are cheerleaders of neoliberalism and capitalism may be wrong. |
| Keywords: | capitalism, economists, free market, power, regulation, values |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:ces:ceswps:_12177 |
| By: | Jakob Kapeller (Institute for Comprehensive Analysis of the Economy, Johannes Kepler University Linz, Austria; Institute for Socio-Economics, University of Duisburg-Essen, Germany); Franz Scharnreitner (Institute for Comprehensive Analysis of the Economy, Johannes Kepler University Linz, Austria) |
| Abstract: | This paper revisits paradigmatic differences in economics with a focus on input-output modeling. We show that such differences represent deep divides in economic theorizing and impact strongly on the magnitude and signs of expected effects. At the same time estimates from input-output models are crucial for understanding the expected economic impacts of additional investment undertaken in the course of a socio-ecological transformation aiming to render social provisioning processes carbonneutral. Taking the transformation of the German housing sector as a practical example this paper illustrates the divergence between typical results obtained and explores two central axiomatic variations of a neoclassical approach - the introduction of CES-functions as well as labor slack - that promise to explore some middle ground in between established approaches. Thereby we hope to better illuminate how different axiomatic setups imprint on estimates of the economic effects of ecologically motivated transformation efforts to provide applied researchers with better guidance when it comes to choosing foundational model assumptions. |
| Date: | 2025–10 |
| URL: | https://d.repec.org/n?u=RePEc:ico:wpaper:169 |
| By: | Jean Arrous |
| Abstract: | Largely overlooked due to the division of our discipline into micro- and macroeconomics, Wassily Leontief’s input-output analysis is not only a formal theory but also a research strategy. As formal theory, it describes economic activity based on that of the different industries, thereby leading to the calculation of labour-value, price determination and GDP. As research strategy, it is applied to ecological and energy transitions leading to the calculation of pollution-value and energy-value. |
| Keywords: | Leontief, input–output analysis, Leontief technology, technological matrix, Leontief inverse matrix, production possibility frontier, labor-value, pollution-value, energy-value, equilibrium prices, augmented Leontief matrix, profit margin and structural profit margin, input–output table, distribution of national income, Perron–Frobenius theorems, factor-price frontier, ecological transition, energy transition. |
| JEL: | A23 C67 D33 D57 E01 E17 E23 J21 L16 L23 O13 P18 P28 Q4 Q5 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:ulp:sbbeta:2025-34 |
| By: | Ashwin, Sarah; Gomez, Rafael; Laroche, Patrice |
| Abstract: | David Marsden enriched and extended the field of employment relations with his interdisciplinary and comparative practice. This introduction to the special issue honouring his work examines the nature of David’s contribution and analyses his influence on employment relations and adjacent fields. The article highlights David’s original engagement with the social science questions of his day, and his comparative craft which entailed sensitivity to difference and a commitment to grounded, institutionally-embedded analysis. Previewing the articles that make up this special issue, this introduction shows how David’s work provides signposts to a better world of work. |
| Keywords: | comparative employment relations; interdisciplinarity; embeddedness; mployment systems; varieties of capitalism; wellbeing |
| JEL: | R14 J01 J50 |
| Date: | 2025–09–29 |
| URL: | https://d.repec.org/n?u=RePEc:ehl:lserod:129505 |
| By: | Fabien Eloire (CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique); Julien Gradoz (CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique) |
| Abstract: | This article examines "the economics of singularities" by Lucien Karpik, which is a sociological theory explaining the functioning of markets for a specific type of goods, labeled as "singularities", defined according to three criteria: the plurality of qualities, quality uncertainty and the primacy of quality. According to Lucien Karpik, singularities complement the typology of goods traditionally used by economists, consisting of homogeneous and differentiated goods. He argues that singularities represent a "blind spot" of what he calls "neoclassical economic theory." According to him, while neoclassical economic theory is adequate for studying homogeneous and differentiated goods, an autonomous framework is indispensable for studying singularities. In this article, we propose a comprehensive overview of the economics of singularities, and we formulate a critique of Karpik's positioning in relation to neoclassical economic theory. |
| Keywords: | interdisciplinarity, economic sociology, singularities, Lucien Karpik |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05265677 |
| By: | Kinuthia, Dickson; Oingo, Balentine; Bryan, Elizabeth; Davis, Kristin E.; Wallin, Elsa; Bukachi, Salome A. |
| Abstract: | Agricultural intensification that prioritizes profits over people and the environment is increasingly recognized as harmful to people’s wellbeing and the sustainability and resilience of smallholder farming systems. Nature-based solutions are part of nature-positive eco-agrifood systems and are critical for restoring ecosystems and preventing further biodiversity loss and environmental degradation during a climate crisis. To support more widespread adoption of nature-based solutions, it is important to understand dynamics within local communities where these solutions will be applied. This includes deeper understanding of environmental challenges, institutional and governance arrangements, current farming practices, gender relations, and perceptions of nature-based solutions. This study draws on qualitative data on these topics collected from smallholder farmers and key informants in three counties of Kenya. The discussion centers on the potential for nature-based practices to place agricultural production systems on a more sustainable path. |
| Keywords: | agricultural production; gender; natural resources; nature-based solutions; smallholders; sustainability; Kenya; Africa; Eastern Africa |
| Date: | 2024–12–31 |
| URL: | https://d.repec.org/n?u=RePEc:fpr:ifprid:169362 |
| By: | Ray, Soumyajit; Raghunathan, Kalyani; Bhanjdeo, Arundhita; Heckert, Jessica |
| Abstract: | Farmer Producer Organizations (FPOs)—farmer collectives, often legally registered - can mitigate some of the constraints smallholder farmers face by improving their access to extension, services, and markets, especially for women. We evaluate the effects of a set of interventions delivered through women-only FPOs in Jharkhand, India, using a panel of 1200 households and a difference-in-difference model with nearest neighbor matching. A complementary qualitative study in the same areas helps triangulate and interpret our findings. The interventions aimed to improve agricultural productivity by coordinating production and improving access to services, while also providing gender sensitization trainings to FPO leaders and members. We collect household data on asset ownership and agricultural outcomes and individual data on women’s and men’s empowerment using the project-level Women’s Empowerment in Agriculture Index for Market Inclusion (pro-WEAI+MI). Our results for asset ownership, land cultivated, cropping intensity, and per acre yields, revenues or costs are statistically insignificant. Effects on men’s and women's empowerment are mixed. While we see positive effects on women’s decisionmaking, asset ownership, control over income and attitudes towards intimate partner violence, the program is associated with an increase in workload and a reduction in active group membership for both men and women. Men appear to cede control over resources and decisionmaking to other household members. Additional analyses suggest that while some effects can occur in the short-term, others take time to accrue. FPO based interventions that aim to empower women or other marginalized groups likely require sustained investments over multiple years and will need to go beyond improving FPO functioning and increasing women’s participation to transforming social norms. |
| Keywords: | agriculture; farmers organizations; cooperatives; markets; prices; yields; empowerment; smallholders; women; gender; India; Asia |
| Date: | 2024–08–27 |
| URL: | https://d.repec.org/n?u=RePEc:fpr:ifprid:151877 |
| By: | Robert A. Blecker (Professor Emeritus of Economics, American University) |
| Abstract: | The revival of economic nationalism poses a challenge to neoclassical orthodoxy, which claims that liberalized international trade is (subject to a few recognized exceptions) inherently cooperative and mutually beneficial. Post-Keynesian open economy models demonstrate that international trade relations can be conflictive under certain conditions. In the short run, changes in either cost or quality competitiveness can shift output, growth, and employment from some countries to others. In the medium run, positive feedbacks from growth of exports to growth of labor productivity create self-reinforcing gains in external competitiveness for some countries that may come at the expense of losses for others. In the long run, changes in the real exchange rate or terms of trade can favor some countries’ growth at the expense of others’. The post-Keynesian approach also implies that coordinated fiscal expansions can mitigate these conflicts and foster more cooperative outcomes, while industrial policies are generally superior to protectionism. |
| Keywords: | Economic nationalism, export-led cumulative causation, international conflict, real exchange rate, trade balance |
| JEL: | F43 E12 O41 B52 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:imk:fmmpap:119-2025 |
| By: | Federica Arena |
| Abstract: | Since the seminal work ofBaccaro and Pontusson(2016), the Comparative Political Econ- omy (CPE) literature has increasingly reintegrated aggregate demand as a central determinant of growth trajectories in advanced economies. This paper contributes to this burgeoning Growth Model (GM) research agenda by applying the Supermultiplier decomposition to analyze Italy’s economic growth from 1960 to 2022. Our approach provides a granular examination of the demand components driving growth, distinguishing between autonomous and induced expenditures, a critical separation often overlooked in traditional decompositions. By situating our empirical findings within the institutional and political context of each identified sub-period, we offer a comprehensive analysis that bridges post-Keynesian economic theory with the CPE focus on the †politics of growth.†|
| Keywords: | Italy’s Economic Growth, Demand-Led Growth, Post-Keynesian Economics, Comparative Political Economy (CPE), Growth Models. Jel Classification: E12, O52, B50, P16 |
| Date: | 2025–09 |
| URL: | https://d.repec.org/n?u=RePEc:usi:wpaper:930 |
| By: | Banerjee, Archis; Kumar, Neha; Quisumbing, Agnes R. |
| Abstract: | There is growing evidence that gender disparities in the distribution of paid and unpaid work impose constraints on women’s well-being and livelihoods, reducing access to paid employment, and time for education, leisure, and social activities. Yet, gender disparities in unpaid work often go undiagnosed by traditional household surveys. While time-use surveys are well-suited for measuring unpaid work, they are often expensive to administer and take substantial amounts of survey time, leading to respondent fatigue, particularly in multi-topic surveys where other outcomes are also being collected. In this paper, we compare data collected using the task allocation module in the Transforming Agrifood Systems in South Asia (TAFSSA) integrated household survey and the time-use module in the Women’s Empowerment in Agriculture Index (WEAI) survey. We begin by describing the methods used to collect the data in each of the surveys. We present an overview of the characteristics of the study sites in the TAFSSA integrated survey and sites in the same countries where the WEAI data were collected. We then present comparable data from each of the two methods. The findings confirm the gendered patterns in involvement in different activities as measured by both survey modules. While women’s participation in agricultural activities is high across Bangladesh, India, and Nepal, the amount of time they spend on agricultural activities is less than that spent by men. Both survey tools confirm that women undertake most of the food preparation-related activities, and men contribute through shopping/purchasing food. |
| Keywords: | time use patterns; households; gender; unpaid work; women's empowerment; surveys; gender norms; Bangladesh; India; Nepal; Southern Asia; Asia |
| Date: | 2024–09–19 |
| URL: | https://d.repec.org/n?u=RePEc:fpr:ifprid:152347 |
| By: | Jean Arrous |
| Abstract: | Reading about the « process of creative destruction » (Capitalism, Socialism and Democracy, chap. III and VII), I think Schumpeter should have named it the « process of destructive creation ». |
| Keywords: | Schumpeter, creative destruction, destructive creation |
| JEL: | B2 B3 L16 L26 O3 P10 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:ulp:sbbeta:2025-35 |
| By: | Kane, Papa Abdoulaye; Barry, Mamadou Bobo; Eissler, Sarah; Tall, Thiané; Camara, Astou Diao; Sall, Moussa; Fass, Simone; Bryan, Elizabeth; Ringler, Claudia |
| Abstract: | Goats are an important source of income, nutrition and resilience in Senegal. This study assesses opportunities to strengthen women’s agency, increase resilience to climate change, and improve nutrition along the various stages of goat value chains from the acquisition of feed resources and other inputs to processing, marketing and consumption of various goat products. The qualitative study finds that even though goats are more climate resilient than other livestock, climate change impacts on goat production and productivity are increasingly felt, particularly through impacts on feed resources. The study identified opportunities to strengthen women’s roles along the goat value chain, particularly in goat production and, to a lesser extent, in processing of goat products. Women and their families also benefit from the consumption of goat milk and women have some degree of control over income from the sale of goat products. Strengthening women’s agency in these nutrient-rich and relatively climate-resilient value chains will require improving their access to land resources and better animal feeds, supporting women’s groups and building women’s capacity for processing and marketing goat products, improving access to electricity for cold storage of goat products, and raising awareness regarding the nutritional benefits of goat products, especially for women and children. |
| Keywords: | climate change; goats; nutrition; climate resilience; value chains; women’s empowerment; gender; Senegal; Africa; Western Africa |
| Date: | 2024–09–17 |
| URL: | https://d.repec.org/n?u=RePEc:fpr:ifprid:152294 |
| By: | Rubin, Deborah |
| Abstract: | This paper reports on approaches for strengthening women’s empowerment that were implemented by project partners involved in the International Food Policy Research (IFPRI)-led Applying New Evidence for Women’s Empowerment (ANEW) project funded by the Walmart Foundation. The study explores the partner organizations’ websites and publications, project materials, and selected staff interviews to better understand how each envisions women’s empowerment and the pathways for supporting it. The four implementing project partners are Grameen Foundation, Professional Assistance for Development Action (PRADAN) in India, Root Capital in Mexico, and TechnoServe in Guatemala. Their programs and their organizational approaches vary in whether they primarily focus on women rather than more broadly targeting both women and men and their gender relationships. Some organizations are more “organic” in integrating attention to gender and empowerment into their programs, designing and implementing an approach on a case by case basis. Others are more intentional in establishing organization-wide policies, strategies, and monitoring systems. The organizations also differ in their positions on supporting “economic empowerment” and clear economic benefits such as prioritizing increased income or assets in contrast to those that also seek to actively change social norms and achieve other social dimensions of empowerment that encompass behaviors around decision-making, mobility, and self-confidence. Another variation is in the organizations’ attention to enterprise development and, consequently to entrepreneurship and upgrading, and what aspects of women's empowerment are most critical for achieving those goals. This paper offers implementers and their funders insight into organizational differences in approaches to women’s empowerment. The review demonstrates that both funders and implementers continue to focus on strengthening women’s economic empowerment by increasing women’s incomes and assets, often with good results. However, they often lack clear theories of change or explicit strategies to strengthen other dimensions of women’s empowerment. More nuanced, evidence-based theories of change and targeted actions could strengthen program design to expand and support women’s achievement of empowerment across all its dimensions. |
| Keywords: | agriculture; gender; policies; women; women’s empowerment |
| Date: | 2024–10–04 |
| URL: | https://d.repec.org/n?u=RePEc:fpr:ifprid:155195 |
| By: | Victor Le Coz (LadHyX - Laboratoire d'hydrodynamique - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - CNRS - Centre National de la Recherche Scientifique, MICS - Mathématiques et Informatique pour la Complexité et les Systèmes - CentraleSupélec - Université Paris-Saclay); Michael Benzaquen (LadHyX - Laboratoire d'hydrodynamique - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - CNRS - Centre National de la Recherche Scientifique, CFM - Capital Fund Management); Damien Challet (MICS - Mathématiques et Informatique pour la Complexité et les Systèmes - CentraleSupélec - Université Paris-Saclay, FiQuant - Chaire de finance quantitative - MICS - Mathématiques et Informatique pour la Complexité et les Systèmes - CentraleSupélec - Université Paris-Saclay) |
| Abstract: | We propose a minimal model of the secured interbank network able to shed light on recent money markets puzzles. We find that excess liquidity emerges due to the interactions between the reserves and liquidity ratio constraints; the appearance of evergreen repurchase agreements and collateral re-use emerges as a simple answer to banks' counterparty risk and liquidity ratio regulation. In line with prevailing theories, re-use increases with collateral scarcity. In our agent-based model, banks create money endogenously to meet the funding requests of economic agents. The latter generate payment shocks to the banking system by reallocating their deposits. Banks absorbs these shocks thanks to repurchase agreements, while respecting reserves, liquidity, and leverage constraints. The resulting network is denser and more robust to stress scenarios than an unsecured one; in addition, the stable bank trading relationships network exhibits a core-periphery structure. Finally, we show how this model can be used as a tool for stress testing and monetary policy design. |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05273328 |
| By: | Julia Eder (Institute for Comprehensive Analysis of the Economy, Johannes Kepler University Linz, Austria; Socio-Ecological Transformation Lab, Johannes Kepler University Linz, Austria); Jakob Rammer (University of Vienna, Austria) |
| Abstract: | The European Unions (EU) green agenda, embedded in the European Green Deal, is promoted as a strategy to tackle intertwined crises of climate change, energy insecurity, and profit overaccumulation in a tense geopolitical environment. Central to this agenda is the large-scale deployment of green hydrogen (GH2) as both an energy storage solution and a decarbonisation pathway for hard-to-abate sectors. While the EU sets ambitious targets of 10 million tons of domestic GH2 production and an equivalent volume of imports by 2030, these goals rely heavily on establishing supply partnerships with countries in the Global South. This article interrogates the EUs GH2 strategy through the lens of dependency theory, focusing on Chile, a country with vast renewable energy potential and positioned by the EU as a trusted ally. Drawing on eleven expert interviews conducted in Europe and Chile as well as a qualitative content analysis of policy documents, we analyse how EU-Chile hydrogen cooperation materialises in politico-economic practice. Our findings suggest that, while framed as mutually beneficial, the EUs GH2 agenda risks reinforcing Chiles peripheral role in the global division of labour and locking the country into resource-based specialisation. We conclude that the emerging hydrogen partnership exemplifies both the opportunities and dependency-related pitfalls of the EUs green transition when transposed onto North-South relations. |
| Date: | 2025–09 |
| URL: | https://d.repec.org/n?u=RePEc:ico:wpaper:168 |
| By: | Flechtner, Svenja; Middelanis, Martin |
| JEL: | Q52 Q56 |
| Date: | 2025 |
| URL: | https://d.repec.org/n?u=RePEc:zbw:vfsc25:325403 |
| By: | Albert Bouffange (STEEP - Sustainability transition, environment, economy and local policy - Centre Inria de l'Université Grenoble 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, ENS Paris Saclay - Ecole Normale Supérieure Paris-Saclay, IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon); Jérémie Klein |
| Date: | 2024–06–18 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05265613 |
| By: | Ille, Sebastian; Carrera, Edgar J. Sanchez |
| Abstract: | With the increasing demand for sustainable products, greenwashing has become more prevalent and sophisticated over the past decade. To better understand the incentives for firms to greenwash, we develop an evolutionary game-theoretic model in which firms may choose to mimic green behavior without having to bear the cost linked to green investment and production. We provide the conditions for the different evolutionarily stable equilibria. In a second step, we extend the model using agent-based simulations to incorporate path-dependent investment/production costs, history-dependent mimicry effectiveness, peer effects, and localized firm interactions. We show that the simpler model with random matching offers good approximations of the equilibrium conditions in more complex setups, but market segmentation supports green investment and production in contrast to higher penalties. While curtailing opportunities to pretend green behavior boosts green production, we also find that increasing cost efficiencies encourage firms to engage in green production, even in the face of increasingly sophisticated deceptive strategies. Based on our results, we suggest trio-targeted policies that reduce the (initial) costs of green investment/production, curtail opportunities to mimic green behavior, and support segmentation. |
| Keywords: | climate change; non-linear macroeconomic models; greenwashing; corporate sustainability |
| JEL: | C7 D2 Q5 |
| Date: | 2025–08–03 |
| URL: | https://d.repec.org/n?u=RePEc:pra:mprapa:126152 |
| By: | Jackson, Nadine R. |
| Abstract: | The COVID-19 pandemic exposed and exacerbated existing environmental and health inequities, yet limited research has examined how social distancing policies intersect with environmental justice concerns. This article investigates how seemingly neutral distancing guidelines functioned as mechanisms of environmental injustice in marginalized US communities. Drawing on existing research, this article evaluates physical and social dimensions of COVID-19 transmission patterns through methodology combining spatial analysis, and environmental justice frameworks, including intersectionality and Laura Pulido’s theory of racial capitalism. Statistical analysis reveals communities of color face 56-63% higher exposure to industrial pollutants, correlating with increased mortality rates. Airborne transmission research shows that standard distancing protocols were particularly ineffective in crowded, poorly ventilated spaces common in under-resourced communities. Historical practices of racial segregation directly predict contemporary COVID-19 mortality patterns, with some marginalized communities experiencing death rates 3.1 times higher than affluent areas. These findings challenge conventional public health approaches and provide an evidence-based framework for equitable crisis responses that address environmental racism, healthcare inequities, and economic exploitation. This work contributes to environmental justice scholarship by exposing how standardized public health measures can reinforce and amplify existing disparities, while advocating for structural interventions that center health equity. |
| Date: | 2025–09–26 |
| URL: | https://d.repec.org/n?u=RePEc:osf:socarx:7vpbh_v1 |
| By: | Nuur Rasyiqah Zainuddin (Faculty of Business and Economics, Universiti Malaya, 50603, Kuala Lumpur, Malaysia Author-2-Name: Chen Chen Yong Author-2-Workplace-Name: Faculty of Business and Economics, Universiti Malaya, 50603, Kuala Lumpur, Malaysia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | " Objective - This study aims to identify Malaysia's machinery and equipment (M&E) industry local supply chain, classify its key industries, and estimate the economic effects of changes in final demand within the industry. Methodology - This study employs a quantitative input–output analysis to assess both the strength and distance of linkages between the machinery and equipment (M&E) industry and other sectors in Malaysia. Industries are classified according to normalized backward and forward linkages, and multiplier analyses are used to evaluate the economic effects of changes in final demand for the M&E industry. Findings - Results indicate that the M&E industry in Malaysia is primarily a backward linkage-oriented sector, stimulating growth in upstream industries through its demand for inputs. The analysis further identifies five key industries, including M&E, within its supply chain. Scenario-based multiplier simulations reveal negative economic impacts from reduced export demand for the M&E industry, but positive impacts from investment in the M&E sector and its related industries. The results also indicate the M&E industry's reliance on external demand. Novelty - This study demonstrates the value of systems thinking by integrating scenario analysis with supply-chain linkages, industrial classifications, and multiplier effects to produce a more comprehensive economic assessment. The approach highlights potential policy insights for improving public resource allocation in Malaysia. Type of Paper - Empirical" |
| Keywords: | Machinery and Equipment Industry; Input-Output Analysis; Supply Chain |
| JEL: | C67 D57 L60 |
| Date: | 2025–09–30 |
| URL: | https://d.repec.org/n?u=RePEc:gtr:gatrjs:jber262 |
| By: | Jean-Luc Gaffard (Université Côte d'Azur, GREDEG, CNRS, France; OFCE Sciences-Po; Institut Universitaire de France) |
| Abstract: | L'ouverture des échanges, que l'on désigne par globalisation à l'échelle internationale, est une condition de la création de richesses et de l'amélioration des niveaux de vie. Elle ne se déroule pas sans heurts, notamment sans la formation d'excédents et de déficits commerciaux plus ou moins durables. Le déroulé des événements, possiblement chaotique, dépend de la forme sociale que revêt le capitalisme. Récemment, les failles du néo-libéralisme, qui ont engendré une succession de crises, ont ouvert la voie à un néo-mercantilisme conduit par des États instrumentalisés par des entreprises multinationales qui entendent s'affranchir de toutes les normes, au risque de fragmentations et de la multiplication des conflits. Éviter un tel enchaînement catastrophique requiert de s'enquérir de la possibilité de résurgence du libéralisme social à même de garantir la viabilité de l'évolution et dont l'Europe pourrait être un lieu privilégié. |
| Keywords: | globalisation, libéralisme, mercantilisme, temps pour construire |
| JEL: | F13 O38 O43 P16 |
| Date: | 2025–09 |
| URL: | https://d.repec.org/n?u=RePEc:gre:wpaper:2025-40 |