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ECONOMIC WELFARE (11) answer(s).
 
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1
ID:   138141


Assessing the impact of deeper trade reforms in Vietnam using a general equilibrium framework / Thu, To Minh; Lee, Hiro   Article
Thu, To Minh Article
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Summary/Abstract Vietnam is currently undertaking deeper trade liberalization, both by reducing tariffs and introducing reforms in other trade-related areas. In this paper, the impact of Vietnam’s trade reforms on its economic welfare and sectoral adjustments are assessed using a dynamic computable general equilibrium (CGE) model. We consider the effects of goods and services trade liberalization, an increase in foreign direct investment inflows, a reduction in administrative and technical barriers to trade, and a reduction in trade and transport margins. When all effects are combined, Vietnam’s economic welfare is projected to increase by 8.4 per cent in 2020 compared to the baseline. Many manufacturing sectors would expand, whereas agricultural, minerals and fuel sectors would contract. The output expansion is most significant in the textiles and wearing apparel sector.
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2
ID:   130972


China's urban employment and urbanization rate: a re-estimation / Wang, Xiaolu; Wan, Guanghua   Journal Article
Wan, Guanghua Journal Article
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Publication 2014.
Summary/Abstract The present paper argues that China's existing population and employment statistics are misleading, and have failed to include many of the migrant and labor force flows between urban and rural areas. The paper reconciles the differences between official census data and other survey statistics and attempts to recalculate China's urban population and employment figures. Our analyses indicate that official statistics of 2012 underestimate China's urban employment by approximately 47 million while overestimating rural employment by 31 million. The adjusted urbanization rate exceeded 55 percent in 2012, almost 3 percentage points higher than the official statistics. Nevertheless, there remains much potential for rural-to-urban migration. More specifically, if the current bottlenecks in household registration, social security and public welfare systems can be removed or relaxed, China's urbanization rate could rise by another 10 percentage points or even more over the next decade.
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3
ID:   102409


Collected papers in theoretical economics / Basu, Kaushik 2005  Book
Basu, Kaushik Book
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Publication New Delhi, Oxford University Press, 2005.
Description 4 V; p.
Contents Vol. 1: Development, markets, and institutions Vol. 2: Rationality, games, and strategic behaviour Vol. 3: Welfare, law, and globalization Vol. 4: Inter-disciplinary transgressions : political economy, moral philosophy, and economic sociology
Standard Number 9780195667615, hbk
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Copies: C:4/I:0,R:4,Q:0
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Accession#Call#Current LocationStatusPolicyLocation
055873330.015193/BAS 055873MainOn ShelfReference books 
055874330.015193/BAS 055874MainOn ShelfReference books 
055875330.015193/BAS 055875MainOn ShelfReference books 
055876330.015193/BAS 055876MainOn ShelfReference books 
4
ID:   132231


Cyberterrorism threat: findings from a survey of researchers / Jarvis, Lee; Macdonald, Stuart; Nouri, Lella   Journal Article
Jarvis, Lee Journal Article
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Publication 2014.
Summary/Abstract This article reports on a recent research project exploring academic perspectives on the threat posed by cyberterrorism. The project employed a survey method, which returned 118 responses from researchers working across 24 different countries. The article begins with a brief review of existing literature on this topic, distinguishing between those concerned by an imminent threat of cyberterrorism, and other, more skeptical, views. Following a discussion on method, the article's analysis section then details findings from three research questions: (1) Does cyberterrorism constitute a significant threat? If so, against whom or what?; (2) Has a cyberterrorism attack ever taken place?; and (3) What are the most effective countermeasures against cyberterrorism? Are there significant differences to more traditional forms of anti- or counterterrorism? The article concludes by reflecting on areas of continuity and discontinuity between academic debate on cyberterrorism and on terrorism more broadly.
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5
ID:   130978


Economic causes and cures of social instability in China / Knight, John   Journal Article
Knight, John Journal Article
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Publication 2014.
Summary/Abstract China's leaders have often expressed concerns about social instability, viewed as a threat both to the political order and to continued rapid growth. Slower growth might, in turn, further undermine social stability. Using survey data, the present paper examines the economic determinants of social instability. Four main determinants are identified: past and expected growth of income, income inequality, economic insecurity and misgovernance. The paper then considers possible policies to reduce social instability, examining each of the determinants in turn.
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6
ID:   130981


Employment and working hour effects of minimum wage increase: evidence from China / Jia, Peng   Journal Article
Jia, Peng Journal Article
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Publication 2014.
Summary/Abstract Using a difference-in-differences model, the present paper provides empirical evidence of minimum wage effects on employment and working hours in China. The results show that male employment is not affected by a minimum wage increase, although men's working hours do increase. In contrast, female employment is more likely to be negatively affected by a minimum wage increase, while their working hours remain unchanged. This may lead to women being in a more disadvantaged position in the workforce, and adopting a monthly minimum wage may induce firms to extend men's working hours. Therefore, to better protect disadvantaged workers, we suggest that minimum wage regulation should focus on the target group of less-educated women, and that a unified minimum hourly wage needs to be set for both full-time and part-time workers. Meanwhile, the importance of human capital accumulation should be addressed in alleviating the negative effects of minimum wage increases.
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7
ID:   118749


Free Trade Agreement among former Soviet republics: a computable general equilibrium model / Barry, Michael P   Journal Article
Barry, Michael P Journal Article
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Publication 2012.
Summary/Abstract What would happen to the economies of the former Soviet Union if they finally implemented a full-fledged free trade agreement? How would this change sector output, GDP, prices, international trade, and the economic welfare of the nation? How would it affect the economies of the FSU's other trading partners? This paper attempts to address these and other issues through the use of a computable general equilibrium model (CGE). The model is a large, multi-regional, multi-sectoral, multi-factor system of simultaneous equations. It introduces the "shock" of zero tariffs between all FSU's trading partners, and solves for a new economic equilibrium. There are some political and practical obstacles to the completion of such a trade agreement, so this mathematical model in some ways is just a hypothetical experiment. But an analysis of trade effects can nonetheless be useful to any policymaker in the former Soviet space.
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8
ID:   131001


Globalization, factor mobility, partisanship, and compensation / Hwang, Wonjae; Lee, Hoon   Journal Article
Hwang, Wonjae Journal Article
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Publication 2014.
Summary/Abstract This paper examines the relationship between economic globalization, factor mobility, government partisanship, and the relative budgetary salience of two different instruments of compensation policies: social welfare spending and industrial subsidy provision. While welfare spending directly benefits labor, industrial subsidies benefit both capital owners and labor along the sectoral line. Based on both factoral and sectoral models of trade, we theoretically argue and empirically show that governments are more likely to use welfare politics as compensation policies if free trade generates class-based interests in the society, and subsidy politics if trade openness promotes industry-based interests. We also argue that the interactions of the three variables are contingent on government partisanship. When non-class-based interests are salient as a consequence of trade openness, left-wing governments are likely to focus on welfare politics while right-wing governments favor provision of subsidies. However, when class-based interests are salient, even right-wing governments behave similarly to left-wing governments, favoring welfare spending over subsidies as the key compensation policy. In the analysis of compensation policies in the OECD countries between 1980 and 2001, the test results confirm our expectation
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9
ID:   124540


How does separating government regulatory and operational contr / Pan, Jay; Liu, Gordon G; Gao, Chen   Journal Article
Liu, Gordon G Journal Article
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Publication 2013.
Summary/Abstract This paper evaluates the effect of regulatory reform separating the operational control and regulatory oversight of public hospitals in China. Using city-level data and a difference-in-difference (DID) model, this paper estimates the changes in healthcare supply in response to the regulatory reform. Based on the DID estimates, in Weifang between 2006 and 2008, the reform led to a 39.3% increase in the number of doctors per 10,000 residents and 40.1% increase in the number of health workers per 10,000 residents. Similarly, in Suzhou between 2005 and 2008 the reform led to increases of 60.5%, 30.8% and 36.6% for hospital beds, doctors and health workers per 10,000 people, respectively. Moreover, the magnitude of this impact appears to increase over time. Furthermore, the effect of the reform is consistent regardless of whether the separation reform takes place inside or outside the government. These findings lead us to conclude that the government should focus only on the regulation of healthcare markets, while leaving hospital operation to the free market.
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10
ID:   128432


Orphaned by history: a child welfare crisis in Romania / Sullivan, Meghan Collins   Journal Article
Sullivan, Meghan Collins Journal Article
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Publication 2014.
Summary/Abstract In July 2011, Laurentiu Ierusalim left his Romanian orphanage, the only home he had ever known. He had less than $150 in his pocket and nothing more than the clothes he was wearing. He had no job, no housing, and no clue how to survive. "I didn't know what to do," Ierusalim says, "so I slept in a playground across the street." It was the beginning of two years of homelessness, of knocking on doors to ask for food and shelter. An Orthodox priest helped him find families to take him in for several weeks at a time. Last summer, after finally surmounting the formidable bureaucratic and financial obstacles required to secure a government ID, he landed his first job as a grocery store clerk. With slight variations, Ierusalim's story is told over and over again in the experiences of the tens of thousands of children shunted away in Romanian orphanages during the reign of communist dictator Nicolae Ceausescu. The execution of Ceausescu and his wife on Christmas Day 1989 led to the discovery of the country's most disturbing secret-enough abandoned children to make up a city had been living in squalor for years, packed into unsanitary orphanages without appropriate resources, care, or stimulation.
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11
ID:   133667


Print less but transfer more / Blyth, Mark; Lonergan, Eric   Journal Article
Blyth, Mark Journal Article
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Publication 2014.
Summary/Abstract Most economists agree that the global economy is stagnating and that governments need to stimulate growth, but lowering interest rates still further could spur a damaging cycle of booms and busts. Instead, central banks should hand consumers cash directly.
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