Template-Type: ReDIF-Article 1.0 Author-Name: Ricardo Kalil Moraes Author-X-Name-First: Ricardo Kalil Author-X-Name-Last: Moraes Author-Name: Peter Fernandes Wanke Author-X-Name-First: Peter Fernandes Author-X-Name-Last: Wanke Author-Name: João Ricardo Faria Author-X-Name-First: João Ricardo Author-X-Name-Last: Faria Author-Name: Steven B. Caudill Author-X-Name-First: Steven B. Author-X-Name-Last: Caudill Author-Name: Yong Tan Author-X-Name-First: Yong Author-X-Name-Last: Tan Title: Evaluating inter-sectorial efficiency of state-owned bank financing: a hierarchical game with a two-stage Malmquist approach Abstract: This paper examines the efficiency of the Brazilian productive structure due to public funding provided by its state-owned bank. We develop a hierarchical dynamic game between this bank and the firms yielding investment as a function of the subsidised credit, industry competition, and openness. Through a multi-sector two-stage data envelopment analysis model, we find that the funding's main recipients were not effective in jointly producing aggregate outcomes. Finally, the importance of the degree of economic openness and the level of competition in the sectors indicate that consideration of these factors is essential to any comprehensive industrial policy. Journal: Int. J. of Public Policy Pages: 1-30 Issue: 1/2 Volume: 17 Year: 2023 Keywords: two-stage data envelopment analysis model; efficiency analysis; economic openness; competition; industrial policy. File-URL: http://www.inderscience.com/link.php?id=133600 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijpubp:v:17:y:2023:i:1/2:p:1-30 Template-Type: ReDIF-Article 1.0 Author-Name: Sungchan Kim Author-X-Name-First: Sungchan Author-X-Name-Last: Kim Author-Name: Yinglee Tseng Author-X-Name-First: Yinglee Author-X-Name-Last: Tseng Author-Name: Soyoung Park Author-X-Name-First: Soyoung Author-X-Name-Last: Park Title: Determinants of cutback management among US state governments: which cutback strategy should be used under certain context? Abstract: As fiscal crises have periodically arisen from the early 2000s, states can be expected to respond differently in terms of sustainment scenarios. However, few studies have systematically examined the choice of cutback strategies depending on the degree of organisational decline. Using a multinomial logit regression model, we strive to determine which factors result in the selection of certain cutback strategies. The results reveal that budgetary size is severely diminished, and that governments tend to make across-the-board cuts rather than employing specific strategies, including targeted cuts, which call for more comprehensive analysis. Additionally, the ideology of a governing party influences cutback decisions, and split governments tend to more commonly select across-the-board cuts. Unions also play an important role in choosing cutback strategies. Journal: Int. J. of Public Policy Pages: 60-75 Issue: 1/2 Volume: 17 Year: 2023 Keywords: cutback management; organisational decline; political contexts; strategy choice. File-URL: http://www.inderscience.com/link.php?id=133607 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijpubp:v:17:y:2023:i:1/2:p:60-75 Template-Type: ReDIF-Article 1.0 Author-Name: Loek van Kraaij Author-X-Name-First: Loek van Author-X-Name-Last: Kraaij Author-Name: Menno Fenger Author-X-Name-First: Menno Author-X-Name-Last: Fenger Author-Name: Guido van Os Author-X-Name-First: Guido van Author-X-Name-Last: Os Title: Preparing for the future of work: strategic responses to uncertainty in labour markets Abstract: The future of work is uncertain with various developments that are difficult to foresee. Despite this uncertainty, governments need to prepare the labour market for the future. This article identifies four types of government responses to uncertainty: robustness, resilience, agility, and anti-fragility. These policy responses are differentiated according to the intention and timing of governments' considerations of uncertainty. Document analysis shows that this typology is a useful conceptual tool for comparing how governments anticipate the future of the labour market. This typology might also serve as a powerful heuristic to analyse governments' responses to uncertainty in other domains. Journal: Int. J. of Public Policy Pages: 76-99 Issue: 1/2 Volume: 17 Year: 2023 Keywords: future of work; labour market policy; uncertainty; strategic responses; policy design. File-URL: http://www.inderscience.com/link.php?id=133608 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijpubp:v:17:y:2023:i:1/2:p:76-99 Template-Type: ReDIF-Article 1.0 Author-Name: Wolfram Elsner Author-X-Name-First: Wolfram Author-X-Name-Last: Elsner Title: Complex thinking in the history of economic thought: aspects of economic complexity from ancient times to modernity, with the case of evolutionary-institutional economics and with policy implications Abstract: We highlight a number of examples of complex thinking from ancient times to the current edge. We refer the earlier complexity perspectives to the cutting-edge understanding of complex adaptive (economic) systems. This illustrates that simplistic (neoclassical) equilibrium thinking is a big exemption rather than the 'normal' in HET. Since the 1980s, the mathematical, statistical, data, and computational resources have been fully developed and in fact successfully combined to finally demonstrate that complexity economics is the way of doing realistic and scientific economics, in contrast to reductionist and simplistic equilibrium modelling. We illustrate the potential of such scientific real-world economics with an example from evolutionary-institutional economics, and we consider modern policy implications of such complex economic thinking. Journal: Int. J. of Public Policy Pages: 31-59 Issue: 1/2 Volume: 17 Year: 2023 Keywords: history of economic thought; HET; complexity economics; complex adaptive systems; CAS; evolutionary-institutional economics; policy implications. File-URL: http://www.inderscience.com/link.php?id=133612 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijpubp:v:17:y:2023:i:1/2:p:31-59 Template-Type: ReDIF-Article 1.0 Author-Name: Sofia Prysmakova Author-X-Name-First: Sofia Author-X-Name-Last: Prysmakova Author-Name: Su-I Hou Author-X-Name-First: Su-I Author-X-Name-Last: Hou Title: The impact of a congregate meal programme on facilitating ageing in place: the case of an area agency on ageing in Florida Abstract: Although social policies on ageing have historically received significant attention in the academic literature, strategies for successfully implementing these policies in real-world practice must be further researched. This case study aims to empirically evaluate the impact of a federal congregate meal programme (CMP) on seniors' ability to age in place and examine the challenges associated with this programme. High decentralisation, significant discretion, and territorial variation in the programme's implementation across states and regions present challenges for evaluating its efficiency and effectiveness nationwide. This case study examines the CMP of one of Florida's area agencies on ageing non-profits. The findings suggest that the CMP positively impacts self-care and independent living amongst participating seniors, independent of the number of days per week they participate in the programme. However, the programme's implementation faces several challenges in achieving a long-term impact on the community it serves. Many seniors lack access to the CMP due to long waiting lists, a lack of funding, or inadequate transportation. The study concludes that community governance and local cross-sectoral collaborations can be critical in mobilising tangible and intangible resources for the successful local administration of the federal CMP and serving a larger population in need. Journal: Int. J. of Public Policy Pages: 100-117 Issue: 1/2 Volume: 17 Year: 2023 Keywords: ageing policy; ageing in place; federal programmes; impact assessment. File-URL: http://www.inderscience.com/link.php?id=133622 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijpubp:v:17:y:2023:i:1/2:p:100-117 Template-Type: ReDIF-Article 1.0 Author-Name: Rexford Abaidoo Author-X-Name-First: Rexford Author-X-Name-Last: Abaidoo Author-Name: Elvis Kwame Agyapong Author-X-Name-First: Elvis Kwame Author-X-Name-Last: Agyapong Author-Name: Kwame Fosu Boateng Author-X-Name-First: Kwame Fosu Author-X-Name-Last: Boateng Title: Public debt, investment and development among emerging economies in Sub-Saharan Africa Abstract: This paper examines the extent to which public debt and strands of different sources of investments impact long-term development among Sub-Saharan African economies. Compared to related studies, development in this study is proxied by a more holistic index instead of GDP growth and its variants often employed in existing studies. Empirical analysis examining the key objectives of the study uses the continuously updating estimator (CUE) methodology by Hansen et al. (1996). Various empirical estimates show that public debt and government consumption expenditures exert significant negative impact on long-term development. The results further show that for the sub-region, effective governance and institutional effectiveness may not mitigate the negative impact of public debt on development. We also find that macroeconomic uncertainty exacerbates the negative impact of public debt on development among economies in the sub-region. Journal: Int. J. of Public Policy Pages: 118-138 Issue: 1/2 Volume: 17 Year: 2023 Keywords: public debt; investments; development; institutional quality; constantly updating estimator. File-URL: http://www.inderscience.com/link.php?id=133623 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijpubp:v:17:y:2023:i:1/2:p:118-138