Forthcoming and Online First Articles

International Journal of Public Policy

International Journal of Public Policy (IJPP)

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International Journal of Public Policy (4 papers in press)

Regular Issues

  • Evaluating Inter-Sectorial Efficiency of State-Owned Bank Financing: A Hierarchical Game with a Two-Stage Malmquist Approach   Order a copy of this article
    by Ricardo Moraes, Peter Wanke, João Faria, Steven Caudill, Yong Tan 
    Abstract: This paper examines the efficiency of Brazilian productive structure due to public funding provided by its state-owned bank. We develop a hierarchical dynamic game between this bank and firms yielding investment as a function of subsidized credit, industry competition, and openness. Through a multi-sector two-stage data envelopment analysis model we find that the main recipients of funding 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.
    Keywords: two-stage data envelopment analysis model; efficiency analysis; economic openness; competition; industrial policy.

  • Determinants of Cutback Management Among U.S. State Governments: Which Cutback Strategy Should be Used Under Certain Context?   Order a copy of this article
    by Sungchan Kim, Yinglee Tseng, Soyoung Park 
    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 organizational 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.
    Keywords: cutback management; organizational decline; political contexts; strategy choice.

  • Preparing for the future of work: strategic responses to uncertainty in labour markets   Order a copy of this article
    by Loek Van Kraaij, Menno Fenger, Guido Van Os 
    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 antifragility. 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.
    Keywords: Future of work; labour market policy; uncertainty; strategic responses; policy design.
    DOI: 10.1504/IJPP.2023.10054575
  • 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   Order a copy of this article
    by Wolfram Elsner 
    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
    Keywords: history of economic thought; HET; complexity economics; complex adaptive systems; CAS; evolutionary-institutional economics; policy implications.
    DOI: 10.1504/IJPP.2023.10054925