Trends and Challenges of Tourism Policy Studies in Korea: A Policy Study Orientation Perspective

2020 ◽  
Vol 44 (7) ◽  
pp. 57-86
Author(s):  
Won-Seop Shim
Keyword(s):  
Policy Study ◽  
Policy Studies ◽  
Study Orientation ◽  
Tourism Policy

Estimation of Armington elasticities for trade-policy analysis

2020 ◽  
Vol 13 (1) ◽  
pp. 21-35
Author(s):  
Kai Liu ◽  
Masato Yamazaki ◽  
Atsushi Koike
Keyword(s):  
Panel Data ◽  
Trade Policy ◽  
Design Methodology ◽  
Policy Study ◽  
Policy Studies ◽  
Individual Country ◽  
Content Type ◽  
World Average ◽  
The World ◽  
Country Specific

Purpose The purpose of this paper is to compare the Armington elasticities for world average values and country-specific values and obtain evidence for whether the world average elasticities and the “rule of two”, which have been applied in many papers, are accurate for cereals in trade policy studies related to an individual country. Design/methodology/approach The authors use panel data with a nested model to estimate and compare Armington elasticities based on world average values and country-specific values from 10 countries and regions. Findings The results suggest that cereals’ elasticities vary between world average values and country-specific values, and the “rule of two” is not strictly applicable. In fact, the “less than two” concept fits well in many cases. Originality/value This study sheds light on the effects of country heterogeneity on the elasticities and the accuracy of using world average elasticities in a trade policy study for an individual country. In addition, this paper offers estimated values of country-specific elasticities for 10 countries and regions.

Macroprudential Policy Instruments of Central Banks

2012 ◽  
pp. 32-47
Author(s):  
S. Andryushin ◽  
V. Kuznetsova
Keyword(s):  
Systemic Risk ◽  
Financial Stability ◽  
Financial System ◽  
Policy Instruments ◽  
Central Banks ◽  
Macroprudential Policy ◽  
Policy Studies ◽  
The Future ◽  
Financial Cycles

The paper analyzes central banks macroprudencial policy and its instruments. The issues of their classification, option, design and adjustment are connected with financial stability of overall financial system and its specific institutions. The macroprudencial instruments effectiveness is evaluated from the two points: how they mitigate temporal and intersectoral systemic risk development (market, credit, and operational). The future macroprudentional policy studies directions are noted to identify the instruments, which can be used to limit the financial systemdevelopment procyclicality, mitigate the credit and financial cycles volatility.

Directions and Perspectives of Political-Economic Studies

2008 ◽  
pp. 27-45
Author(s):  
A. Libman
Keyword(s):  
International Political Economy ◽  
Economic Research ◽  
Economic Power ◽  
Economic Approach ◽  
Policy Studies ◽  
Political Processes ◽  
Economic Methods ◽  
Political Economic ◽  
Economic Studies

The paper surveys the main directions of political-economic research, i.e. variants of economic and political approaches endogenizing political processes in economic models and applying economic methods to policy studies. It analyses different versions of political-economic research in different segments of scientific community: political economics, evolutionary theory of economic policy, international political economy, formal political science and theory of economic power; main methodological assumptions, content and results of positive studies are described. The author also considers the role of political-economic approach in the normative research in economics.

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