The TRIPs agreement and technological innovation

In this paper we attempt to evaluate the possible spill-over of the international agreement on Trade-Related Aspects of Intellectual Property rights (TRIPs for short), underwritten in 1994, regarding economic growth for both wealthy and developing countries. We find that the TRIPs convention has prompted, at the same time, innovation in developing countries and a rise in the per capita income for all the economies involved in international commerce. As a by-product of our research we find that, despite the strong growth of resident patents application after 1995 (the year in which TRIPs came into force), most of the increase in the gross domestic product per capita in developing countries is attributable to the international transfer of technologies, via foreign direct investments.     

The E nigma of Under-urbanization: An Explanation Based on International Trade

To study the relationship between under-urbanization and international trade, we set up a model of the transfer of surplus rural labor in an open economy using 1995-2010 data from 40 countries and regions where industrialization was incomplete. Our findings indicate that if, in an open economy, there is a substantial labor surplus and in which domestic goods and services can be sold to foreign markets, there will be a significantly positive correlation between the net export ratio and the degree to which urbanization lags behind industrialization; countries or regions with higher marketization level, lower urban unemployment rate and poorer public health facilities are more likely to be under- urbanized; and an inverted U-shaped relationship exists between under-urbanization and per capita GDP.     

中国的刘易斯转折点是否到来——理论辨析与国际经验

各国农业劳动力占总劳动力的比重随着各国人均GDP增长呈现先加速下降而后减速下降的趋势,分界点就是刘易斯转折点。跨国平行数据的回归结果表明,刘易斯转折点在人均GDP为3,000—4,000美元（购买力平价2000年国际美元）之间出现。中国的人均GDP超越了这一水平,但农业劳动力比重远高于该经济发展水平下的世界平均水平,这很可能意味着中国的农业劳动力转移仍有较大潜力。     

A qualitative comparative analysis of strategies for an ageing society, with special reference to pension and employment policies

The primary purpose of this study is to typify the respondent strategies of the OECD countries based on the interconnected structure of income and employment guarantees. More specifically, this article seeks to typify welfare policies into four types (welfare-to-work, welfare emphasis, labour emphasis, market emphasis) based on the leniency of the pension system and active state intervention in employment security. With the resultant four types, this article then places them as the dependent variable while incorporating per capita GDP, aged dependency ratio, pension maturity level, union density, constitutional structure index and degree of decommodification as causal variables. Through this process, this article aims to derive the decisive variable for each type through qualitative comparative analysis.     

The impact of the twin financial crises

We focus on the first 20 years of the Euro, from 1999 to 2019, and we split this period into two approximate decades to examine the performance of three benchmarks: the real GDP quarterly growth, the annualized real per capita GDP changes and unemployment. These illustrate that the underperformance of Europe is more evident during the second decade. Searching for causes we find that the Global Financial Crisis was an exogenous shock to the EU but its impact was large in both the U.S. and the EU. One major reason is that the U.S. responded quickly and aggressively both fiscally and via an unconventional monetary policy. The Euro area was constrained by a European Central Bank that focused on price stability, and fiscal policy was not much of an option. The second shock of the Sovereign Debt Crisis was endogenous to the Euro area and it, more than the Global Financial Crisis, revealed the original weaknesses and fragility of the European monetary union. This financial fragility quickly translated into declines in aggregate demand and economic underperformance.     

Capital goods imports and long-run growth: Is the Chinese experience relevant to developing countries?

In this paper, we analyze the role played by capital goods imports in the long-run growth of developing countries. We focus in the case of the Chinese economy in the last few decades. We find evidence that the ratio of imported to domestic capital goods, that is, the composition of investment, as well as the capital accumulation (both physical and human), was key determinants of the long-run growth rate of per capita GDP over the analyzed period. Furthermore, our results are also consistent with the hypothesis that the link between trade openness and long-run growth operates mainly through imports. This finding supports some recent developments of Schumpeterian models of growth, and the very specific economic policy recommendations arising thereof. In short, these models state that, in the early stages of growth, government intervention to encourage an investment-based strategy, with emphasis on large investment efforts and the adoption of foreign technology, could be an appropriate strategy for development.     

Does biomass energy consumption reduce total energy CO2 emissions in the US?

This study investigates the causal relationship between total biomass energy consumption, total energy CO₂ emissions, and GDP in the United States for the period January 1973–December 2016 by employing a directed acyclic graph (DAG) techniques and the Autoregressive Distributed Lag (ARDL) model. Additionally, this paper examines the existence of the environmental Kuznets curve (EKC) hypothesis. The result of the DAG reveals that total biomass energy consumption and GDP have a unidirectional contemporaneous causal relationship with total energy CO₂ emissions. Based on the results of the ARDL, we find that a 1% increase in per capita total biomass energy consumption causes a 0.65% reduction in per capita total energy CO₂ emissions in the long-run. This finding implies that expanding the usage of biomass is one way to reduce and control greenhouse gases in the US. Moreover, we find that the inverted U-shaped EKC hypothesis is satisfied for the US case. Findings from this study suggest that energy policies should stimulate an increase of biomass production for reducing total energy CO₂.     

Has the Lewis Turning Point Arrived in China?—Theoretical Analysis and International Experience

各国农业劳动力占总劳动力的比重随着各国人均GDP增长呈现先加速下降而后减 速下降的趋势, 分界点就是刘易斯转折点。跨国平行数据的回归结果表明, 刘易斯转 折点在人均GDP为3,000-4,000美元 (购买力平价2000年国际美元) 之间出现。中国的 人均GDP超越了这一水平, 但农业劳动力比重远高于该经济发展水平下的世界平均水 平, 这很可能意味着中国的农业劳动力转移仍有较大潜力。

关键词: 刘易斯转折点 劳动力转移 跨国平行数据

Using World Bank cross-country panel data to estimate the economic development level that corresponds to the Lewis turning point, we find that as GDP per capita increases, the share of rural labor in the total labor force tends to decrease first at an accelerated rate and then, after passing the Lewis turning point, at a reduced rate. Regression analysis of cross- country panel data shows that the Lewis turning point is reached when GDP per capita reaches somewhere between US$3,000 and US$4,000 dollars (PPP, constant international US dollars for the year 2000). GDP per capita in China has exceeded this level, but the proportion of rural labor in the total labor force remains much higher than the average for countries at the same level of economic development. This may imply that there is still considerable potential for rural labor transfer in China.     

The impact of adult and non-adult mortality on development: Two centuries evidence from a panel of industrial countries

This study examines the effects of adult and non-adult mortality on the long-run level of income in a heterogeneous dynamic and cross-sectionally dependent panel. Employing data for 20 countries between 1800 and 2010, it is found that (i) while non-adult mortality has no long-run effect on GDP per capita, reductions in adult mortality lead to statistically and economically significant increases in the long-run level of per capita income; (ii) there are no significant differences in the long-run effects of adult mortality and non-adult mortality on GDP per capita before and after the onset of the demographic transition; and (iii) mortality in middle adulthood has the greatest impact on economic development, whereas early adulthood mortality and mortality in later adulthood have little to no impact on the long-run level of per capita income.     

SPECIAL ISSUE： DISTRIBUTION OF NATIONAL INCOME IN A TRANSITIONAL ECONOMY Changes in the labor share of GDP： a U-shaped curve

本文的目的在于探讨经济发展过程中,劳动份额在初次分配中演变的一般规律,以及当前导致中国初次分配中劳动份额不断下降的结构性因素。我们的研究发现,在世界各国的经济发展过程中,在初次分配中劳动份额变化趋势呈现U型规律,即劳动份额先下降后上升,转折点约为人均GDP6000美元（2000年购买力平价）。我们提出了一个解释u型规律的理论模型。这一发现为库兹涅茨“倒U曲线假说”提供了更深层次的解释。我们还发现,中国初次分配中劳动份额的变动趋势是基本符合这一规律的。除此之外,影响我国劳动份额的因素还包括产业结构的以及劳动者相对谈判能力的变化。这些发现意味着,中国经济未来两年在初次分配中劳动份额可能会进入上升通道,中央政府为应对世界性金融危机而采取的一些政策性、结构性调整则有助于加快这一进程。     

Corruption, anti-corruption, and inter-county income disparity in China

The rapid economic growth in China has been connected with a large income gap across regions. While most existing research has focused on economic factors to explain the problem, we argue that local government's anti-corruption endeavors also play a very significant role in influencing local income levels. Recent research shows that corruption undermines economic growth and generates poverty, we therefore hypothesize that government anti-corruption measures should increase local income levels. Using county-level data and Ordinary Least Square (OLS) estimates, we find counties with higher degree of anti-corruption tend to have higher income measured by county-level per capita GDP. We also employ a recently developed Shapley value decomposition technique to quantify the contributions of each variable. We find that anti-corruption plays a large role in explaining inter-county income disparity in China.     

Successful yet insufficient: German policies for higher employment rates among older age groups

In recent years among the OECD countries, Germany has witnessed the largest increase in the employment rates of older people. This increase, and general German employment rates, are associated with both supply side measures in the fields of pensions and unemployment policies and employment promotion policies. Yet, supply side measures and Germany's shift from conservative towards liberal policy goals and policies in the case of older workers have resulted in economic inequality. These policies could be complemented by pro‐employability measures in order to become fully effective. This article describes recent policy reforms in the main policy fields of retirement, unemployment, and employment promotion, considers their effects on employment and inequality, and offers reform suggestions to raise further older worker employment rates without increasing inequality.     

上海市经济发展与环境质量演进关系实证研究

论文选取90年代以来上海市经济增长和环境污染的主要指标,通过构建计量经济多元回归模型,重点分析了工业人均GDP与工业＂三废＂、烟尘、COD排放量变化间的关系以及人均GDP与生活废气、烟尘、废水排放量变化间的关系。结果表明：经济增长与工业生产和生活产生的污染物排放量之间均呈三次曲线的关系,且不符合典型的EKC;全市工业废气排放量曲线近似于＂倒U＂型EKC左半部分,没有转折迹象,而工业烟尘排放量曲线近似于＂倒U＂型EKC的右半部分,不断减小,相对于工业,生活废气和烟尘排放量曲线呈现＂正U＋倒U＂变化趋势,波动明显;工业废水和COD排放量曲线近似于＂倒U＂型EKC右半部分,但COD排放量有回升迹象,与此相对,生活废水排放量曲线则近似于＂倒U＂型EKC左半部分,增速明显;工业固体废弃物排放量曲线近似于＂倒U＂型EKC左半部分,呈现出平稳上升的趋势。     

Corruption across countries: Impacts from education and cultural dimensions

Corruption, which is defined by Transparency International as the misuse of entrusted power for private gain, was related to the number of people participating in tertiary education across countries. It was found that as the number of people participating in tertiary education increased, the incidence of corruption occurring in the countries decreased. Similar to other studies, the higher the GDP per capita of a country, the lower the cases of corruption. Interestingly, correlation results showed that enrolment in tertiary education had a positive result with GDP per capita. Hofstede's (1984) cultural dimensions were also found to affect the acts of corruption indirectly through enrolment in tertiary education and GDP per capita. Overall, this study has included 56 countries and results were similar in two different time periods.     

When the Export of Social Problems Is No Longer Possible: Immigration Policies and Unemployment in Switzerland

Throughout the twentieth century, Switzerland has been one of the OECD countries with the highest proportion of immigrants in its population. The aim of this article is to show how institutional factors have shaped the opportunities for change in immigration and immigrant‐employment‐related policies there in the 1990s. Whereas unemployment had remained low in the 1970s and 1980s, there was a marked increase at the beginning of the 1990s. Existing migration policies were considered a central cause of this increase, since the great majority of foreigners who had come and settled in Switzerland in the periods of economic expansion were low‐skilled, and were now over‐represented among the unemployed. The reforms undertaken in the field of immigration and integration policy to respond to these new problems have been determined by specific institutional factors: direct democracy, a defensive migration regime, the development of immigrant rights and the weak autonomy of the central state. These factors account to a large extent for the limited scope and specific pathways of policy reforms in these two domains.     

Macroeconomic and financing determinants of out of pocket payments in health care: Evidence from selected OECD countries

In this paper, we examine the impact of macroeconomic, as well public and private health insurance financing (PHI) factors on out of pocket (OOP) healthcare expenditures, by using fixed/random effects and dynamic panel data methodology to a dataset of 26 EU and OECD countries for a period lasting from 1995 to 2013. The existing empirical literature has focused on testing the hypothesis that several macroeconomic and health financing determinants have an effect on OOP healthcare expenditures. Nevertheless, the related articles have not well tested the hypothesis concerning the potential impact of PHI financing on OOP spending. We find that public and PHI financing have a significant countervailing effect on OOP spending. Moreover, we show that unemployment rate has a significant positive impact on OOP expenditures. Sensitivity tests with variation of specifications and samples show that our findings are robust. We argue that policy-makers should give serious consideration to PHI institution; our results indicate that there is an inverse effect on OOP spending. We suggest that our examined countries have to provide financial risk protection to their citizens against OOP payments, rather than only attending health budgetary retrenchments in order to adjust public finances.     

Social income transfers and poverty: A cross‐country analysis for OECD countries

Caminada K, Goudswaard K, Koster F. Social income transfers and poverty: a cross‐country analysis for OECD countries Poverty alleviation is an important policy objective in developed welfare states. This article reports on a study of the association between social transfer policies and poverty. It has been claimed in several studies that based on a simple bivariate approach, high social effort goes along with low poverty levels. Empirical studies have also found that factors such as demographic and economic conditions may also have an influence on poverty, affecting the relationship between social spending and poverty. In the present study, we empirically analysed the impact of social expenditure on poverty for the period 1985–2005, and in contrast to previous research, demographic and macroeconomic differences across countries were controlled for. Quite a strong negative relationship was still found between the level of social expenditure and poverty. Ageing and unemployment rates were found to have some explanatory power but without affecting the association between social transfers and poverty. Thus, the multivariate approach chosen in this study confirms the results of earlier research.     

Institutional reforms for economic growth in the Western Balkan countries

The paper presents an empirical analysis of the impact of institutional reform policies and institutional quality on the economic growth of five Western Balkan countries (WB countries: Serbia, Montenegro, Bosnia and Herzegovina, Northern Macedonia and Albania) in the period 2006-2016. It was developed its own model of quantification concerning the impact of the most important indicators of the quality of institutions on the economic growth of these countries, which are in a delayed phase of transition and at some stage in the EU accession process. Achieving high and stable rates of economic growth for WB countries becomes the ultimate prerequisite for completing the EU transition and accession process. In order to improve growth dynamics, among other things, it is necessary to identify key drivers of growth and to model appropriate growth and development policies based on the results obtained. In the paper, WB countries were viewed as a whole. By empirically testing the impact of individual quality indicators of institutions on economic growth, according to the World Bank Governance Indicators methodology by using panel data multiple linear regression analysis, the largest statistically significant and positive impact came from the Government Effectiveness and Regulatory Quality variable. The intensity of the impact of the Control of Corruption and Rule of Law variable on GDP per capita is slightly weaker, but it is also very pronounced. In this respect, the empirical results obtained can be a useful framework for modeling the development policies of WB countries. They represent an important guide for policy makers to implement measures aimed at improving the quality of institutions and at the same time modeling economic growth policies.     

The relationship between different social expenditure schemes and poverty,inequality and economic growth

In this article, we study how social expenditure is related to poverty, income inequality and GDP growth. Our main contribution is to disentangle these relationships by the following social expenditure schemes: 1) “old age and survivors”, 2) “incapacity”, 3) “health”, 4) “family”, 5) “unemployment and active labour market policies” and 6) “housing and others”. For this purpose, we employ OLS and 2SLS regression models using a panel data set for 22 Member States of the European Union from 1990 until 2015. We find total public social expenditure to be negatively related to poverty and inequality, but not related to GDP growth. The results vary substantially between the different social expenditure schemes, which makes more accurate targeting possible.