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Articles 1 - 25 of 25
Full-Text Articles in Social and Behavioral Sciences
One Mandarin Benefits The Whole Clan: Hometown Infrastructure And Nepotism In An Autocracy, Kieu-Trang Nguyen, Quoc-Anh Do, Anh Tran
One Mandarin Benefits The Whole Clan: Hometown Infrastructure And Nepotism In An Autocracy, Kieu-Trang Nguyen, Quoc-Anh Do, Anh Tran
Research Collection School Of Economics
This paper studies nepotism by government officials in an authoritarian regime. We collect a unique dataset of political promotions of officials in Vietnam and estimate their impact on public infrastructure in their hometowns. We find strong positive effects on several outcomes, some with lags, including roads to villages, marketplaces, clean water access, preschools, irrigation, and local radio broadcasters, as well as the hometown’s propensity to benefit from the State’s “poor commune support program”. Nepotism is not limited to only top-level officials, pervasive even among those without direct authority over hometown budgets, stronger when the hometown chairperson’s and promoted official’s ages …
Out Of Sight, Out Of Mind: The Value Of Political Connections In Social Networks, Quoc-Anh Do, Bang Dang Nguyen, Yen Teik Lee, Kieu-Trang Nguyen
Out Of Sight, Out Of Mind: The Value Of Political Connections In Social Networks, Quoc-Anh Do, Bang Dang Nguyen, Yen Teik Lee, Kieu-Trang Nguyen
Research Collection School Of Economics
This paper investigates the impact of social-network connections to politicians on firm value. We focus on the networks of university classmates and alumni among directors of U.S. public firms and congressmen. Using the Regression Discontinuity Design based on close elections from 2000 to 2008, we identify that a director’s connection to an elected congressman causes a Weighted Average Treatment Effect on Cumulative Abnormal Returns of -2.65% surrounding the election date. The effect is robust and consistent through various specifications, parametric and nonparametric, with different outcome measures and social network definitions, and across many subsamples. We find evidence to support the …
Globalization And Commitment In Corporate Social Responsibility: Cross-National Analyses Of Institutional And Political-Economy Effect, Alwyn Lim, Kiyoteru Tsutsui
Globalization And Commitment In Corporate Social Responsibility: Cross-National Analyses Of Institutional And Political-Economy Effect, Alwyn Lim, Kiyoteru Tsutsui
Research Collection School of Social Sciences
This article examines why global corporate social responsibility (CSR) frameworks havegained popularity in the past decade, despite their uncertain costs and benefits, and how theyaffect adherents’ behavior. We focus on the two largest global frameworks—the United NationsGlobal Compact and the Global Reporting Initiative—to examine patterns of CSR adoption bygovernments and corporations. Drawing on institutional and political-economy theories, wedevelop a new analytic framework that focuses on four key environmental factors—globalinstitutional pressure, local receptivity, foreign economic penetration, and national economicsystem. We propose two arguments about the relationship between stated commitment andsubsequent action: decoupling due to lack of capacity and organized hypocrisy due …
European Welfare Regimes: Political Orientations Versus Poverty, Kosta Josifidis, John B. Hall Professor, Novica Supic, Olgica Ivancev
European Welfare Regimes: Political Orientations Versus Poverty, Kosta Josifidis, John B. Hall Professor, Novica Supic, Olgica Ivancev
Economics Faculty Publications and Presentations
This inquiry analyzes how political orientations shape welfare states and labour market institutions when seeking to reduce poverty. In order to identify effects of these two key variables, we conduct a panel regression analysis that includes two poverty measures: poverty rates before and after social spending. This inquiry considers 14 EU countries, and in the period from 1995 to 2008, which are grouped according to welfare state regimes. We consider Social Democratic, Corporatist, Mediterranean and Liberal welfare state regimes. Panel regression results indicate that political orientation engenders no significant statistically measurable effects on poverty rates before social spending. Effects register, …
Fifty More Years? Reform And Modernisation Of The Oecd, Richard Woodward
Fifty More Years? Reform And Modernisation Of The Oecd, Richard Woodward
Articles
The Organisation for Economic Cooperation and Development is a vital, if frequently unnoticed, cog in the machine of global governance. On the organisation's 50th anniversary, Richard Woodward assesses whether the OECD's reform programme can secure its future in a changing world.
The Singapore Town-Hall Meeting, Tan K. B. Eugene
The Singapore Town-Hall Meeting, Tan K. B. Eugene
Research Collection Yong Pung How School Of Law
Professor Eugene Tan forecasts what the Prime Minister might say in his National Day Rally speech. He predicts it will touch on the ecomomy, Presidential election and social cohesion, among other issues.
From Boom To Doom To Boom: Offshore Financial Centres And Development In Small States, Richard Woodward
From Boom To Doom To Boom: Offshore Financial Centres And Development In Small States, Richard Woodward
Articles
During the 1990s tax havens and offshore financial centres (OFCs) were subject to a string of initiatives designed to raise their tax and regulatory regimes to accepted international standards. Many commentators forecast that this would lead to the demise of OFCs, a worry for the many small states whose economic well being depended heavily on the provision of offshore financial services. Despite this regulatory onslaught many small state OFCs have prospered in the new millennium. This paper seeks to explain this apparent paradox by arguing that (1) international initiatives were riddled with loopholes and exceptions that have been gleefully seized …
Geopolitics: A Guide To The Issues, Bert Chapman
Geopolitics: A Guide To The Issues, Bert Chapman
Libraries Research Publications
Provides overview of how geography influences international relations and international politics including climate change, energy security, international economics, and international security. Introduces key figures in geopolitics development as a discipline such as Alfred Thayer Mahan and Halford Mackinder, covers the geopolitical interests of individuals countries, describes disciplinary divisions within geopolitics, details international geopolitical crisis areas and provides maps of some of these areas, emphasizes geopolitics information resources, and stresses the critical importance of geography in studying international politics and security.
Value, Cooperatives, And Class Justice, David Kristjanson-Gural
Value, Cooperatives, And Class Justice, David Kristjanson-Gural
Faculty Journal Articles
In this article I argue that elimination of exploitation at the firm level is necessary to eliminate exploitation, but is not sufficient, in and of itself, to support class justice. I distinguish exploitation as one of several aspects in the more inclusive category of class justice developed by George DeMartino. I then demonstrate that when the formation and distribution of value at the more complex level of Marx’s analysis in volume 3 of Capital is considered, workers may collectively appropriate surplus value but nonetheless be subject to an unfair redistribution of labor time. I use the example of the Mondrago …
Building A World-Class System In Ireland’S Financial Crisis, Ellen Hazelkorn
Building A World-Class System In Ireland’S Financial Crisis, Ellen Hazelkorn
Articles
Irish higher education faces particular difficulties given the severity of its economic crisis. Like other countries, it is engaged in significant system restructuring coupled with managed policy direction. Where Ireland does differ is in its emphasis on a 'whole of country strategy' and commitment that teaching and research go hand-in-hand. This paper looks at the fortunes and mis-fortunes of Irish higher education.
The Free-Trade Doctrine And Commercial Diplomacy Of Condy Raguet, Stephen Meardon
The Free-Trade Doctrine And Commercial Diplomacy Of Condy Raguet, Stephen Meardon
Economics Department Working Paper Series
Condy Raguet (1784-1842) was the first Chargé d’Affaires from the United States to Brazil and a conspicuous author of political economy from the 1820s to the early 1840s. He contributed to the era’s free-trade doctrine as editor of influential periodicals, most notably The Banner of the Constitution. Before leading the free-trade cause, however, he was poised to negotiate a reciprocity treaty between the United States and Brazil, acting under the authority of Secretary of State and protectionist apostle Henry Clay. Raguet’s career and ideas provide a window into the uncertain relationship of reciprocity to the cause of free trade.
When The Government Is The Controlling Shareholder, Marcel Kahan, Edward B. Rock
When The Government Is The Controlling Shareholder, Marcel Kahan, Edward B. Rock
All Faculty Scholarship
As a result of the 2008 bailouts, the United States Government is now the controlling shareholder in AIG, Citigroup, GM, GMAC, Fannie Mae and Freddie Mac. Corporate law provides a complex and comprehensive set of standards of conduct to protect non-controlling shareholders from controlling shareholders who have goals other than maximizing firm value. In this article, we analyze the extent to which these existing corporate law structures of accountability apply when the government is the controlling shareholder, and the extent to which federal “public law” structures substitute for displaced state “private law” norms. We show that the Delaware restrictions on …
Opening The System: (Re)Writing Value Theory Discursively, David Kristjanson-Gural
Opening The System: (Re)Writing Value Theory Discursively, David Kristjanson-Gural
Faculty Journal Articles
In this article I argue that modern and postmodern critics of value theory share the premise that Marx’s theory of value disables the project of emancipatory social change. The modern critics claim the theory is logically flawed and must be either resituated in a consistent logical framework or replaced by a Sraffian alternative. The postmodern critics claim that the theory is necessarily reductionist and excludes or renders secondary important axes of social struggle. I argue that by using a poststructural logic, Marx’s theory of value can be interpreted in a way that both overcomes the perceived consistencies of the modern …
The People Want The Fall Of The Regime: Schooling, Political Protest, And The Economy, Filipe R. Campante, Davin Chor
The People Want The Fall Of The Regime: Schooling, Political Protest, And The Economy, Filipe R. Campante, Davin Chor
Research Collection School Of Economics
We provide evidence that economic circumstances are a key intermediating variable for understanding the relationship between schooling and political protest. Using the World Values Survey, we find that individuals with higher levels of schooling, but whose income outcomes fall short of that predicted by their biographical characteristics, in turn display a greater propensity to engage in protest activities. We discuss a number of interpretations that are consistent with this finding, including the idea that economic conditions can affect how individuals trade off the use of their human capital between production and political activities. Our results could also reflect a link …
Efficiency Of The Welfare State: A Comparative Approach Using Data Envelopment Analysis, Jekabs Bikis
Efficiency Of The Welfare State: A Comparative Approach Using Data Envelopment Analysis, Jekabs Bikis
Faculty Publications - College of Business
As governments continue to evolve over the past century or so in their perceived role of providing economic security for their populations, a ubiquitous yet ill-defined concept of the welfare state is increasingly taking center stage in political and economic debates. With fiscal crises looming over the horizon in many parts of the world, the fingers of blame point with greater frequency to the welfare state as the entity which is contributing more to fiscal problems than to economic solutions. Reformation of the welfare state is rapidly becoming more likely and more urgent and this study proposes one mechanism for …
2011 American Incentive System Almanac, Don P. Diffine Ph.D.
2011 American Incentive System Almanac, Don P. Diffine Ph.D.
Belden Center Monographs
No abstract provided.
Africa's Economic Resurgence: Is It Possible?, Alka Jauhari
Africa's Economic Resurgence: Is It Possible?, Alka Jauhari
Political Science & Global Affairs Faculty Publications
Economic theory suggests that inequality between nations is caused by a failure to strike an optimal balance between capital, goods, and labor within a framework of appropriate rules and regulations. This leads to misallocation of a nation's resources - both capital and physical - resulting in distorted use and flow of capital and goods. Politics, regulation and policy-making lie at the heart of such "distortions" which come at a huge cost to societies. Due to these distorted flows, Africa was left behind in the race for economic development, as compared to the other regions of the world. Such distortions have …
Real-Time Forecasting, Dean D. Croushore
Real-Time Forecasting, Dean D. Croushore
Economics Faculty Publications
This chapter will discuss real-time forecasting in a macroeconomic policy context. I will begin by talking about the Survey of Professional Forecasters (SPF), a survey of private-sector forecasters. Next, I will discuss research on real-time data analysis and its importance in forecasting. Finally, I will discuss real-time forecasting in the 1990s.
Radio Spectrum And The Disruptive Clarity Of Ronald Coase, Thomas W. Hazlett, David P. Porter, Vernon L. Smith
Radio Spectrum And The Disruptive Clarity Of Ronald Coase, Thomas W. Hazlett, David P. Porter, Vernon L. Smith
Economics Faculty Articles and Research
In the Federal Communications Commission, Ronald Coase exposed deep foundations via normative argument buttressed by astute historical observation. The government controlled scarce frequencies, issuing sharply limited use rights. Spillovers were said to be otherwise endemic. Coase saw that Government limited conflicts by restricting uses; property owners perform an analogous function via the “price system.” The government solution was inefficient unless the net benefits of the alternative property regime were lower. Coase augured that the price system would outperform. His spectrum auction proposal was mocked by communications policy experts, opposed by industry interests, and ridiculed by policy makers. Hence, it took …
Notes In Defense Of The Iraq Constitution, Haider Ala Hamoudi
Notes In Defense Of The Iraq Constitution, Haider Ala Hamoudi
Articles
This paper is a defense of sorts of the Iraqi constitution, arguing that the language used in it was wisely designed to allow some level of flexibility, such that highly divided political forces could find incremental solutions to the deep rooted sources of division that have plagued Iraqi society since its inception. That Iraq has found itself in such dreadful political circumstances since constitutional ratification is therefore not a function of the open ended constitutional bargain, but rather of the failure of Iraqi legal and political elites to make use of the space that the constitution provided them to develop …
Do Environmental Audits Improve Long-Term Compliance: Evidence From Manufacturing Facilities In Michigan, Mary F. Evans, Lirong Liu, Sarah L. Stafford
Do Environmental Audits Improve Long-Term Compliance: Evidence From Manufacturing Facilities In Michigan, Mary F. Evans, Lirong Liu, Sarah L. Stafford
CMC Faculty Publications and Research
Using a unique facility-level dataset from Michigan, we examine the effect of environmental auditing on manufacturing facilities’ long-term compliance with U.S. hazardous waste regulations. We also investigate the factors that affect facilities’ decisions to conduct environmental audits and whether auditing in turn affects the probability of regulatory inspections. We account for the potential endogeneity of our audit measure and the censoring of our compliance measure using a censored trivariate probit, which we estimate using simulated maximum likelihood. We find that larger facilities and those subject to more stringent regulations are more likely to audit; facilities with poor compliance records are …
Knowledge Curation, Michael J. Madison
Knowledge Curation, Michael J. Madison
Articles
This Article addresses conservation, preservation, and stewardship of knowledge, and laws and institutions in the cultural environment that support those things. Legal and policy questions concerning creativity and innovation usually focus on producing new knowledge and offering access to it. Equivalent attention rarely is paid to questions of old knowledge. To what extent should the law, and particularly intellectual property law, focus on the durability of information and knowledge? To what extent does the law do so already, and to what effect? This article begins to explore those questions. Along the way, the article takes up distinctions among different types …
Beyond Invention: Patent As Knowledge Law, Michael J. Madison
Beyond Invention: Patent As Knowledge Law, Michael J. Madison
Articles
The decision of the Supreme Court of the United States in Bilski v. Kappos, concerning the legal standard for determining patentable subject matter under the American Patent Act, is used as a starting point for a brief review of historical, philosophical, and cultural influences on subject matter questions in both patent and copyright law. The article suggests that patent and copyright law jurisprudence was constructed initially by the Court with explicit attention to the relationship between these forms of intellectual property law and the roles of knowledge in society. Over time, explicit attention to that relationship has largely disappeared from …
The Rome I Regulation Rules On Party Autonomy For Choice Of Law: A U.S. Perspective, Ronald A. Brand
The Rome I Regulation Rules On Party Autonomy For Choice Of Law: A U.S. Perspective, Ronald A. Brand
Articles
This chapter was presented at a conference in Dublin on the (then) new Rome I Regulation of the European Union in the fall of 2009. It contrasts the Rome I rules on party autonomy with those in the United States. In particular, it considers the rules in the Rome I Regulation that ostensibly protect consumers by discouraging party agreement on a pre-dispute basis to the law governing a consumer contract. These rules are compared with the absence of private international law restrictions on choice of forum and choice of law in the United States, even in consumer contracts. The result …
Moral Rights And Supernatural Fiction: Authorial Dignity And The New Moral Rights Agendas, Jacqueline D. Lipton
Moral Rights And Supernatural Fiction: Authorial Dignity And The New Moral Rights Agendas, Jacqueline D. Lipton
Articles
In recent years, several scholars have revisited the question of moral rights protections for creators of copyright works in the United States. Their scholarship has focused on defining a moral rights agenda that comports with American constitutional values, as well as being practically suited to current copyright business practices. Much of this scholarship has prioritized a right of attribution over other moral rights, such as the right of integrity. This Article evaluates some of these recent moral rights models in light of a sample of comments made by American supernatural fiction authors about their works. The Author questions whether the …