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2006

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Full-Text Articles in Political Economy

Cuba's De-Dollarization Program: Policy Measures, Main Objectives, And Principal Motivations, Mario A. Gonzalez-Corzo Dec 2006

Cuba's De-Dollarization Program: Policy Measures, Main Objectives, And Principal Motivations, Mario A. Gonzalez-Corzo

Publications and Research

This paper examines the main characteristics of Cuba’s de-dollarization program, the objectives of these policy measures, and their principal causes and motivations. The paper is organized in three sections. The first section describes the policy measures associated with the process of de-dollarization, followed by a detailed account of their main objectives (section two), and an analysis of their principal causes and motivations (section three).


La Política Comercial De La República Oriental De Uruguay: La Integración En El Mercosur Y Las Negociaciones De Libre Comercio Con Los Estados Unidos, Patrick Hudson Oct 2006

La Política Comercial De La República Oriental De Uruguay: La Integración En El Mercosur Y Las Negociaciones De Libre Comercio Con Los Estados Unidos, Patrick Hudson

Independent Study Project (ISP) Collection

This study analyzes the foreign economic policy of Uruguay, concentrating specifically on the current administration’s proposed policy changes as reflected in recent free-trade negotiations with the United States. The paper begins with an historical evaluation of Uruguay’s current strategy of international insertion via the Common Market of the South (MERCOSUR), a fifteen year-old economic bloc also including Argentina, Brazil, and Paraguay. The first section then concludes with a brief examination of Uruguayan-American bilateral trade negotiations leading up to the 2006 Free Trade Agreement (FTA) talks. The second part of the study identifies three possible future scenarios of Uruguayan ...


The Existence Of Non-Elite Private Schools, Francisco Martinez Mora Sep 2006

The Existence Of Non-Elite Private Schools, Francisco Martinez Mora

Francisco Martinez-Mora

We provide an explanation to the puzzle of the existence of paid-for private schools that offer lower quality education than some tuition-free public alternatives. We consider a model of a city composed of two communities: the urban area and the suburbs. The suburban public school provides higher quality education at an implicit price: the higher tax burden plus a housing rent premium. If that price is high enough and the urban public school has a sufficiently low quality, intermediate income households live in the urban area and use a private school. Intermediate quality private schools, then, exist to serve these ...


Assessment Of Capital Returns And Economics Of Investment In Khartoum Stock Exchange Market, Professor Issam A.W. Mohamed Aug 2006

Assessment Of Capital Returns And Economics Of Investment In Khartoum Stock Exchange Market, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Financial markets in a country are parts of modern economic systems and have definite impacts of its economic performance. However, in an underdeveloped economic structure there can be other targets o hidden activities for them. Such assumptions are provoked under totalitarian economic systems that impose cartel monopolies in a autocratic compradorism that own most of the companies and their stocks. The institutional structure of the prevailing economic system avails negative cost/benefits dealings to continue unaffected as the main profits have to come from other resources, e.g., money laundry. The private sector has to be monopolized in order to ...


The Coevolution Of Economic And Political Development, Fali Huang Aug 2006

The Coevolution Of Economic And Political Development, Fali Huang

Research Collection School Of Economics

This paper establishes a simple model of long run economic and political development, which is driven by the inherent technical features of different production factors, and political conflicts among factor owners on how to divide the outputs. The main capital form in economy evolves from land to physical capital and then to human capital, which enables their respective owners (landlords, capitalists, and workers) to gain political powers in the same sequence, shaping the political development path from monarchy to elite ruling and finally to full suffrage. When it is too costly for any group of factor owners to repress others ...


The Political Economy Of Poverty Reduction: A Comparative Study Of Two Chinese Provinces, John A. Donaldson Aug 2006

The Political Economy Of Poverty Reduction: A Comparative Study Of Two Chinese Provinces, John A. Donaldson

Research Collection School of Social Sciences

Is growth good for the poor? In theory, yes. As one influential report on China’s “War on Poverty” suggested, ”Obviously robust economic growth helps reduce poverty, as long as the gains are reasonably distributed” (Rozelle et al. 2000). In practice as well, growth is often a crucial ingredient in the poverty reduction recipe. While this relationship is well founded, important exceptions present themselves – some areas grow, but poverty persists; the economies of other areas remain apparently stagnant, yet poverty diminishes. These exceptions, if studied, will not only illuminate further the causal relationship between these two concepts, but also provide ...


Incorporating Policymaker Costs And Political Competition Into Rent-Seeking Games, R. Kenneth Godwin, Edward J. Lopez, Barry J. Seldon Jul 2006

Incorporating Policymaker Costs And Political Competition Into Rent-Seeking Games, R. Kenneth Godwin, Edward J. Lopez, Barry J. Seldon

Faculty Publications

We incorporate policymaker costs of supplying rents and variable intensities of competition among rent seekers into the standard rent-seeking game. By incorporating these aspects, the game has greater verisimilitude to the lobbying process. The first aspect captures the fact that in rent-seeking contests there is a positive probability that neither firm will obtain the rent. The second aspect captures the fact that firms seeking different rents still must compete for policymakers' resources. We find that lobbying expenditures, rent-seeking profits, and rent dissipation depend on the intensity of competition and the value of the rent relative to policymaker costs. For example ...


Incorporating Policymaker Costs And Political Competition Into Rent-Seeking Games, R. Kenneth Godwin, Edward J. Lopez, Barry J. Seldon Jul 2006

Incorporating Policymaker Costs And Political Competition Into Rent-Seeking Games, R. Kenneth Godwin, Edward J. Lopez, Barry J. Seldon

Edward J. Lopez

We incorporate policymaker costs of supplying rents and variable intensities of competition among rent seekers into the standard rent-seeking game. By incorporating these aspects, the game has greater verisimilitude to the lobbying process. The first aspect captures the fact that in rent-seeking contests there is a positive probability that neither firm will obtain the rent. The second aspect captures the fact that firms seeking different rents still must compete for policymakers' resources. We find that lobbying expenditures, rent-seeking profits, and rent dissipation depend on the intensity of competition and the value of the rent relative to policymaker costs. For example ...


A Spatial Analysis Of The Xiii Italian Legislature, Massimiliano Landi, Riccardo Pelizzo Jun 2006

A Spatial Analysis Of The Xiii Italian Legislature, Massimiliano Landi, Riccardo Pelizzo

Research Collection School Of Economics

We present a spatial map of the Italian House of Deputies during the XIII Legislature obtained by applying the Poole and Rosenthal methodology to roll call data. We estimate coordinates for almost all the 650 Deputies that were on the House’s floor at the time, and we aggregate them according to parties. We find that voting patters generate basically a two dimensional political space. The first dimension represents loyalty to either the ruling coalition or the opposing one. The second dimension is represented by the European Union. These findings are consistent with the exceptional case of the party Northern ...


Corporate-Ngo Partnerships For Sustainable Development, Corinne Damlamian May 2006

Corporate-Ngo Partnerships For Sustainable Development, Corinne Damlamian

CUREJ - College Undergraduate Research Electronic Journal

In the last 15 years, the trend of NGOs working in cooperation with business has developed considerably. The global community – including leaders of international governmental institutions and of the non-profit sector as well as some business leaders – has recognized the importance of including business in the process of international development. NGOs, on the other hand, have become instrumental in development work internationally, but they generally do not have the means and resources to carry out their projects efficiently in a sustainable manner. This is why engaging business with the public and non-profit sectors to find common solutions to problems has ...


A Study Of The Formative Factors Of The Free Trade Agreement Between Oman And The United States, Gregory Smith Apr 2006

A Study Of The Formative Factors Of The Free Trade Agreement Between Oman And The United States, Gregory Smith

Independent Study Project (ISP) Collection

This study investigates the process by which the Omani-American Free Trade Agreement was so quickly agreed upon between Omani and American negotiators. By interviewing the major government officials involved in the architecture of the agreement, and by examining the role of other institutions and interest groups that are typically involved in the process in the US, the author demonstrates how very narrow the policy-making arena in Oman is. He argues that the benefits Oman hoped to gain from the agreement were far more political than economic, but that political liberalization is more important than economic liberalization for the long-term interests ...


Assessment Of Capital Returns And Economics Of Investment In Khartoum Stock Exchange Market, Professor Issam A.W. Mohamed Mar 2006

Assessment Of Capital Returns And Economics Of Investment In Khartoum Stock Exchange Market, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Financial markets in a country are parts of modern economic systems and have definite impacts of its economic performance. However, in an underdeveloped economic structure there can be other targets o hidden activities for them. Such assumptions are provoked under totalitarian economic systems that impose cartel monopolies in a autocratic compradorism that own most of the companies and their stocks. The institutional structure of the prevailing economic system avails negative cost/benefits dealings to continue unaffected as the main profits have to come from other resources, e.g., money laundry. The private sector has to be monopolized in order to ...


La Reforma Política Pendiente, Jose Luis Sardon Jan 2006

La Reforma Política Pendiente, Jose Luis Sardon

Jose Luis Sardon

El presente artículo identifica las claves institucionales que explican las repetidas frustraciones políticas del Perú. Argumenta que existen problemas de diseño tanto en el sistema de gobierno como en el sistema de representación. El Perú tiene un sistema de gobierno seudopresidencial, en el cual predomina un Congreso fragmentado e irresponsable, debido a que es elegido a través de un sistema de representación proporcional. Para tener bases políticas propicias para el desarrollo de los mercados, se requiere una reforma de tales instituciones políticas.


Privatizing Public Enterprises In The European Union 1960-2002: Ideological, Pragmatic, Inevitable?, Judith Clifton, Daniel Díaz-Fuentes, Francisco Comín Jan 2006

Privatizing Public Enterprises In The European Union 1960-2002: Ideological, Pragmatic, Inevitable?, Judith Clifton, Daniel Díaz-Fuentes, Francisco Comín

Judith Clifton

Privatization, recognized as one of the most important economic policy reforms from the 1970s, has attracted significant attention from scholars, and the literature on the topic is now vast. Yet there is little agreement on the reasons why governments privatized. Three dominant paradigms explaining European Union (EU) privatization put forward distinct motivations. The ‘British paradigm’ assumed that market-friendly ideology played a significant role in a path towards a global programme inspired by the UK experience. The ‘multiple logics’ approach observed that the UK was an anomaly, not a leader, and that EU privatization was so diverse that there were few ...


The Recognition Of Same-Sex Relationships: Comparative Institutional Analysis, Contested Social Goals, And Strategic Institutional Choice, Nancy J. Knauer Jan 2006

The Recognition Of Same-Sex Relationships: Comparative Institutional Analysis, Contested Social Goals, And Strategic Institutional Choice, Nancy J. Knauer

Nancy J. Knauer

The emerging field of comparative institutional analysis (CIA) has much to offer public policy analysts. However, the failure of CIA to address the dynamic process through which social goals are articulated limits the scope of its application to the largely prescriptive pronouncements of legal scholars. By examining the movement for equal recognition of same-sex relationships, this Essay builds on the basic observations of CIA and introduces a new dimension, namely the dynamic process through which social goals are articulated and social change is pursued. The acknowledgment that the production of social goals involves institutional behavior, as well as multiple sites ...


Art Of The State: Explaining State-Level Appropriations To Arts Agencies, Douglas S. Noonan Jan 2006

Art Of The State: Explaining State-Level Appropriations To Arts Agencies, Douglas S. Noonan

Douglas S. Noonan

This report focuses on appropriations to state arts agencies (SAAs), a primary figure in arts and cultural policy in the United States. It examines a specific category of state government expenditures using variation over time and across states to identify the different influences on SAA appropriations. The statistical model sheds light on the fiscal, institutional, and demographic determinants of appropriations.


Urban Environments And Neighborhood Change: Exploring Urban Sorting Beyond The Featureless Plain, Douglas S. Noonan Jan 2006

Urban Environments And Neighborhood Change: Exploring Urban Sorting Beyond The Featureless Plain, Douglas S. Noonan

Douglas S. Noonan

This paper introduces environmental features explicitly into the analysis of urban residential sorting where geographic barriers can mitigate neighbor externalities. Borders between groups in equilibrium will be more stable when supported by barriers. The hypothesis that racial disparity between neighboring tracts is greater when a barrier separates them is tested for Atlanta in 1990 and 2000 and compared to previous results for Chicago. The econometric estimation accounts for spatial dependence in the data. Significant barrier effects are found for certain types of geographical features (e.g., railroads, landmarks). The effect on local racial dissimilarity of the major extension of the ...


Icts As Appropriate Technologies For Africa's Development, Cosmas Milton Obote Ochieng Ochieng Jan 2006

Icts As Appropriate Technologies For Africa's Development, Cosmas Milton Obote Ochieng Ochieng

Cosmas Milton Obote Ochieng Ochieng

No abstract provided.


China In Asean-Led Multilateral Forums, Serene Hung Jan 2006

China In Asean-Led Multilateral Forums, Serene Hung

Maryland Series in Contemporary Asian Studies

No abstract provided.


2006 American Incentive System Almanac, Don P. Diffine Ph.D. Jan 2006

2006 American Incentive System Almanac, Don P. Diffine Ph.D.

Belden Center Monographs

No abstract provided.


The Subtlety Of Political Risk With Foreign Direct Investment: The Case Of The Vietnamese Sugar Industry, Tom Arnold, Bonnie Buchanan, Janice Lo Jan 2006

The Subtlety Of Political Risk With Foreign Direct Investment: The Case Of The Vietnamese Sugar Industry, Tom Arnold, Bonnie Buchanan, Janice Lo

Finance Faculty Publications

Political risk entails more than a host country taking advantage of investment from foreign sources. A more subtle form of political risk is attributable to the host government's mismanagement of policies that may be intended to attract foreign direct investment, but may have unintended consequences. A perfect example is the ''One Million Tonne Sugar Program " sponsored by the government of Vietnam during the mid-1990s. What appears to be a very lucrative investment for foreign investors becomes a financial disaster due to the inability of the government to allocate resources efficiently and police its borders from smugglers.


An Economic Model Of Fair Use (With Thomas Miceli), Richard Adelstein Jan 2006

An Economic Model Of Fair Use (With Thomas Miceli), Richard Adelstein

Division II Faculty Publications

A formal model of the law of fair use.


Smith’S Humean Criticism Of Hume’S Account Of The Origin Of Justice, Spencer J. Pack, Eric Schliesser Jan 2006

Smith’S Humean Criticism Of Hume’S Account Of The Origin Of Justice, Spencer J. Pack, Eric Schliesser

Economics Faculty Publications

Adam Smith criticizes David Hume's account of the origin of and continuing adherence to the rule of law for being not sufficiently Humean. Hume explained that adherence to the rule of law originated in the self-interest to restrain self-interest. According to Smith, Hume does not pay enough attention to the passions of resentment and admiration, which have their source in the imagination. Smith offers a more naturalistic and evolutionary account of the psychological preconditions of the establishment and morality of justice than Hume had. Smith severs the intimate connection that Hobbes and Hume made between justice and property.


The Essential Role Of Securities Regulation, Zohar Goshen, Gideon Parchomovsky Jan 2006

The Essential Role Of Securities Regulation, Zohar Goshen, Gideon Parchomovsky

Faculty Scholarship at Penn Law

No abstract provided.


The Uselessness Of Public Use, Abraham Bell, Gideon Parchomovsky Jan 2006

The Uselessness Of Public Use, Abraham Bell, Gideon Parchomovsky

Faculty Scholarship at Penn Law

No abstract provided.


Hayek And Liberalism, Chandran Kukathas Jan 2006

Hayek And Liberalism, Chandran Kukathas

Research Collection School of Social Sciences

F. A. Hayek occupies a peculiar place in the history of twentiethcentury liberalism. His influence has, in many respects, been enormous. The Road to Serfdom, his first political work, not onlyattracted popular attention in the west but also circulated widely(in samizdat form) in the intellectual underground of Eastern Europeduring the years between the end of the war and the revolutions of1989. His critique of central planning has been thoroughly vindicated, if not by the demise of communist economic systems, thenat least by the recognition by socialists of many stripes of theimportance of market processes.1 Books and articles on ...


Westernization Of Business Organizations In Japan And China. Continuity And Change, Wai Keung Chung Jan 2006

Westernization Of Business Organizations In Japan And China. Continuity And Change, Wai Keung Chung

Research Collection School of Social Sciences

No abstract provided.


The Political Demography Of The World System, 2000-2050, Paul Demeny, Geoffrey Mcnicoll Jan 2006

The Political Demography Of The World System, 2000-2050, Paul Demeny, Geoffrey Mcnicoll

Poverty, Gender, and Youth

Population policies are deliberately constructed or modified institutional arrangements and/or specific programs through which governments influence, directly or indirectly, demographic change. For any given country, the aim of population policy may be narrowly construed as bringing about quantitative changes in the membership of the territorially circumscribed population under the government’s jurisdiction. Governments’ concern with population matters can also extend beyond the borders of their own jurisdictions. Thus, international aspects of population policy have become increasingly salient. This Population Council working paper briefly discusses how individual and collective interests were reconciled in traditional societies, summarizes the population policy approaches ...


An Economic Model Of Fair Use (With Thomas Miceli), Richard Adelstein Dec 2005

An Economic Model Of Fair Use (With Thomas Miceli), Richard Adelstein

Richard Adelstein

A formal model of the law of fair use.


National Bank Notes And Silver Certificates, James B. Thomson, Bruce A. Champ Dec 2005

National Bank Notes And Silver Certificates, James B. Thomson, Bruce A. Champ

James Thomson

From 1883 to 1892, the circulation of national bank notes in the United States fell nearly 50 percent. Previous studies have attributed this to supply-side factors that led to a decline in the profitability of note issue during this period. This paper provides an alternative explanation. The decline in note issue was, in large part, demand-driven. The presence of a competing currency with superior eatures caused the public to substitute away from national bank notes.