The Role of Institutional Quality on Participation in Global Value Chains

Cuadernos Económicos de ICE ◽

10.32796/cice.2020.100.7117 ◽

2020 ◽

Author(s):

Javier Barbero ◽

Ernesto Rodríguez-Crespo

Keyword(s):

Panel Data ◽

Rule Of Law ◽

Institutional Quality ◽

Positive Association ◽

Political Stability ◽

Global Value Chains ◽

Value Chains ◽

Panel Data Estimation ◽

Data Estimation

We explore the effect of institutional quality on participation in global value chains (GVCs) by distinguishing between backward and forward participation. Using a sample of 63 OECD and non-OECD countries during the period 2005–2015, the results obtained from a panel data estimation are twofold. First, we obtain a positive association between institutional quality and participation in GVCs, with slightly greater effects for backward than for forward participation. Second, we find that results are sensitive to the dimension of the institutions considered, with Voice and Accountability being associated with more backward participation, and Rule of Law and Political Stability with more forward participation

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Does the Quality of Fiscal Institutions Matter for Fiscal Performance? A Panel Data Analysis of European Countries

International Journal of Economics and Finance ◽

10.5539/ijef.v13n1p33 ◽

2020 ◽

Vol 13 (1) ◽

pp. 33

Author(s):

Mitsi Dimitra

Keyword(s):

Panel Data ◽

Political Stability ◽

Sustainable Growth ◽

European Countries ◽

Fiscal Rules ◽

Fiscal Institutions ◽

Panel Data Estimation ◽

Fiscal Performance ◽

Data Estimation ◽

Fiscal Frameworks

The last decade, the number of fiscal frameworks such as national fiscal rules and independent fiscal councils have increased, significantly as a consequence of fiscal indiscipline in many European Countries. In the wake of economic crisis in 2007, fiscal laxity and unsustainable public finances made the European Union to strengthen its fiscal policy in many ways in order to create an economic environment of macroeconomic stability and sustainable growth. This paper investigates the role of fiscal frameworks (fiscal rules and fiscal councils) on fiscal performance as well as the impact of other types of institutions, namely Worldwide Governance Indicators on primary balance. The empirical analysis builds on a reaction function proposed by Bohn (1998) while the estimation method builds on a fixed effect panel data estimation and a dynamic panel data estimation of Arellano-Bover and Blundell-Bond. Our main results provide that political stability, government effectiveness, fiscal rules and fiscal councils play an important role for improving fiscal performance. However, the effect of fiscal institutions on primary balance changes among different types of fiscal rules (debt rules, expenditure rules and budget balanced rules) and independent fiscal councils or fiscal councils that have access to information, respectively.

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Panel-Data Estimation of Non-Linear Term-Structure Models

SSRN Electronic Journal ◽

10.2139/ssrn.82369 ◽

1998 ◽

Author(s):

Peter Honore

Keyword(s):

Panel Data ◽

Term Structure ◽

Linear Term ◽

Panel Data Estimation ◽

Term Structure Models ◽

Non Linear ◽

Data Estimation

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Exchange Rate Volatility and Domestic Consumption: A Comparative Study of Developed, Developing and Emerging Economies

International Journal of Accounting and Financial Reporting ◽

10.5296/ijafr.v9i3.15248 ◽

2019 ◽

Vol 9 (3) ◽

pp. 164

Author(s):

Muhammad Zubair Chishti ◽

Hafiz Syed Muhammad Azeem ◽

Farrukh Mahmood ◽

Adeel Ahmed Sheikh

Keyword(s):

Exchange Rate ◽

Panel Data ◽

Developing Economies ◽

Exchange Rate Volatility ◽

Domestic Consumption ◽

Aggregate Consumption ◽

Developed Economies ◽

Panel Data Estimation ◽

The Exchange Rate ◽

Data Estimation

The current study endeavors to explore the effects of oscillations in the exchange rate on the household aggregate consumption of developed, emerging, and developing economies, employing the panel data from 1995 to 2017. To select an appropriate panel data estimation technique, we apply Brush-Pagan & Hausman Tests for each set of chosen economies. Further, our study deduces that, in the case of developed economies, the oscillations in the exchange rate, significantly, affect the domestic consumption, supporting Alexander’s (1952) conjecture. However, in the case of emerging and developing economies, aggregate consumption does not respond to the exchange rate volatility.

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Global Value Chains and Industrial Relations in the Global South: Social Upgrading Paths in Different Industries

Journal of Labor and Society ◽

10.1163/24714607-20212008 ◽

2021 ◽

Vol 24 (1) ◽

pp. 214-236

Author(s):

Christina Teipen ◽

Fabian Mehl

Keyword(s):

Value Chain ◽

Industrial Relations ◽

Global Value Chains ◽

Value Chains ◽

Value Chain Analysis ◽

Theoretical Approaches ◽

Chain Analysis ◽

Governance Modes ◽

Social Upgrading

Abstract The article compares social upgrading trends in four global value chains (apparel, automobiles, electronics and it services) and six developing and emerging economies (Bangladesh, Brazil, China, India, South Africa and Vietnam). It applies a framework, which combines analyses of industry-specific governance modes with recent theoretical approaches from the field of industrial relations. The empirical results show that prospects for social upgrading within similar segments of a particular value chain considerably depend on the national context. The article thus highlights the importance of integrating the role of national institutions into global value chain analysis in order to better explain variegated upgrading dynamics across different countries and industries.

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