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1 – 10 of over 6000The purpose of this paper is to examine the main factors influencing government openness, develop a global government openness index (GGOI) for assessing the progress of government…
Abstract
Purpose
The purpose of this paper is to examine the main factors influencing government openness, develop a global government openness index (GGOI) for assessing the progress of government openness and investigate how the factors contribute to the advancement of open government by individual countries and country groups by income.
Design/methodology/approach
This study identifies the four factors and adopts them into four variables for making GGOI: accountability (ACC), citizen participation and freedom (CPF), transparency (TRA) and information and communication technology (ICT). To calculate GGOI, panel data for 134 countries from 2006 to 2015 were used.
Findings
GGOI scores constantly improved with an annual growth rate of 2.09 percent. Countries with high ACC values tend to have high TRA scores, resulting in high GGOI scores. While the differences in ACC and TRA were steady over the period, ICT increased the most in all groups. To boost ICT performance as a channel to support other variables, middle-income countries should make further effort for citizens to use ICT capabilities toward enhancing the levels of CPF and TRA.
Research limitations/implications
This study presents a global picture of the advancement of open government and provides insights into specific areas that can be diagonalized.
Practical implications
The GGOI could be used as a useful assessment tool to measure the progress of government openness in countries and implement policies and action plans for improving government openness.
Originality/value
The GGOI covers the areas related to legal, administrative, participatory and technological factors and provides the factors’ inter-relationships for the composition of GGOI.
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Martina Lubyova and Pavol Babos
In this paper we show that the neo-transitional economies are less neoliberal than could be expected given their 25-years long transition towards building market environment…
Abstract
In this paper we show that the neo-transitional economies are less neoliberal than could be expected given their 25-years long transition towards building market environment, supporting entrepreneurship and restoring capitalism in general. According to factor analysis results based on a cross-sectional sample of 134 countries during the period of 2010–2012 we find that the neo-transitional economies are characterised by relatively restrictive trade and capital regulations, average level of labour protection and low activity of state in terms of tax-based redistribution and social cohesion support. We briefly review several theoretical frameworks, such as the World System Theory, Commodity Chain and Global Capital theory, and Varieties of Capitalism framework, and point towards their limitations in explaining these transitional outcomes. We conclude that these frameworks are not capable of providing the explanations mainly because of their limited or no concern for labour and capital, and their interactions with the national institutions. We conclude that the history of industrialisation and path dependence provides a more plausible framework for explaining the neo-transitional outcomes. Furthermore, the consideration of the ‘resource curse’ and authoritarian regimes in many CIS countries can explain their neglect for tax-based redistribution and the high degree of government interventions in trade and capital regulations.
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Milja Marčeta and Štefan Bojnec
This study aims to establish the position of the European Union (EU-28) countries in the dynamics of international trade openness linkages and the Global Competitiveness Index…
Abstract
Purpose
This study aims to establish the position of the European Union (EU-28) countries in the dynamics of international trade openness linkages and the Global Competitiveness Index (GCI) in correlation with the gross domestic product (GDP) per capita, research and development (R&D) expenditures, innovation capability and information and communication technology (ICT) adoption.
Design/methodology/approach
In the panel data set, comparative analyses were applied to scatter diagrams, correlation and regression analyses and structural equation models using Eurostat and World Economic Forum (WEF) data for the EU-28 countries in the period 2008–2019.
Findings
The empirical results did not confirm the hypotheses that a positive correlation exists between GCI and trade openness indicators and between GDP per capita and GCI. The ICT adoption and innovation capability increase GCI, which affects GDP per capita.
Practical implications
The empirical results provide a better understanding of the importance of trade policies, particularly in terms of trade openness and trade shares of the EU-28 countries, as it could contribute to increasing the GCI of the EU-28 countries. Furthermore, the results of this study underline the importance of ICT adoption and innovation capability and the need for appropriate government policies that improve global competitiveness.
Originality/value
This study, through empirical analysis, demonstrates the existence of correlations between trade openness (exports as % of GDP, imports as % of GDP and export market shares as % of world trade), R&D expenditures, innovation capability, ICT adoption, GDP per capita and the GCI in the EU-28 countries. In addition, this study contributes managerial and policy-based implications on driving forces of global competitiveness.
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Huimin Jing and Yixin Zhu
This paper aims to explore the impact of cycle superposition on bank liquidity risk under different levels of financial openness so that banks can better manage their liquidity…
Abstract
Purpose
This paper aims to explore the impact of cycle superposition on bank liquidity risk under different levels of financial openness so that banks can better manage their liquidity risk. Meanwhile, it can also provide some ideas for banks in other emerging economies to better cope with the shocks of the global financial cycle.
Design/methodology/approach
Employing the monthly data of 16 commercial banks in China from 2005 to 2021 and based on the time-varying parameter vector autoregressive model with stochastic volatility (TVP-SV-VAR) model, the authors first examine whether the cycle superposition can magnify the impact of China's financial cycle on bank liquidity risk. Subsequently, the authors investigate the impact of different levels of financial openness on cycle superposition amplification. Finally, the shock of the financial cycle of the world's major economies on the liquidity risk of Chinese banks is also empirically analyzed.
Findings
Cycle superposition can magnify the impact of China's financial cycle on bank liquidity risk. However, there are significant differences under different levels of financial openness. Compared with low financial openness, in the period of high financial openness, the magnifying effect of cycle superposition is strengthened in the short term but obviously weakened in the long run. In addition, the authors' findings also demonstrate that although the United States is the main shock country, the influence of other developed economies, such as Japan and Eurozone countries, cannot be ignored.
Originality/value
Firstly, the cycle superposition index is constructed. Secondly, the authors supplement the literature by providing evidence that the association between cycle superposition and bank liquidity risk also depends on financial openness. Finally, the dominant countries of the global financial cycle have been rejudged.
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Andreiwid Sh. Corrêa, Evandro Couto de Paula, Pedro Luiz Pizzigatti Corrêa and Flávio Soares Corrêa da Silva
This paper aims to identify and to understand how current data portals comply with open government data (OGD) principles in the context of Brazilian local government.
Abstract
Purpose
This paper aims to identify and to understand how current data portals comply with open government data (OGD) principles in the context of Brazilian local government.
Design/methodology/approach
In this paper, we assessed a sample of 561 municipalities from a universe of interest of 3,052 ones expected to disclose information using the internet. As part of our methodology, the authors analyzed the required items for active disclosure and the technical requirements, all enforced by Brazilian law and close to OGD principles which are the focus of analysis of the authors.
Findings
The findings generally show the vast majority of assessed data portals did not comply with the basic requirements stated by national law, consequently not complying with OGD principles, and prevent society from benefiting from government data openness. The authors also found arguments that the national law should explicitly reproduce OGD principles, as they demonstrate clearer understanding about the global context of open data.
Originality/value
The contributions of this work can be used to plan public data openness actions over the internet and envision effective accountability and public participation with clearer legislation and with the effective implementation of OGD principles in data portals.
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Partha Gangopadhyay and Manas Chatterji
The fundamental idea that we seek to establish in this chapter is that the establishment of regional or local, peace calls forth global peace. In other words, our argument is that…
Abstract
The fundamental idea that we seek to establish in this chapter is that the establishment of regional or local, peace calls forth global peace. In other words, our argument is that local and regional conflicts are partly driven by global factors, especially what is commonly known as international tension. In order to achieve meaningful and sustained peace, there is a reason to believe that it is mandatory to manage and contain international tensions. The main thesis of this chapter is to explain or posit, conflicts as a product of continuing international chasms, splits and differences of political and social ideologies in our modern world. Thus, we argue that conflicts are, to some extent, driven by international tension or global, ideological and geo-political factors. Notwithstanding the global influence, local factors – such as income inequality, income growth or lack of it, political institutions – can and do exacerbate conflicts and a peaceful resolution of conflicts becomes a difficult phenomenon.
Souhaila Kammoun and Youssra Ben Romdhane
The purpose of this paper is twofold. Firstly, the paper aims to determine the separate effects of the COVID-19 pandemic and government actions represented by the index of…
Abstract
Purpose
The purpose of this paper is twofold. Firstly, the paper aims to determine the separate effects of the COVID-19 pandemic and government actions represented by the index of stringency, containment and economic support on the attractiveness of foreign direct investment (FDI). Secondly, the paper aims to explore the impact of the interactions between the COVID-19 epidemic and government interventions on FDI.
Design/methodology/approach
The study uses a panel data set of 30 Asian countries during the two pandemic years 2020 and 2021 to investigate the effect of government actions on the resilience of FDI attractiveness factors.
Findings
The empirical results reveal the negative effect of COVID-19 on FDI inflows and attractiveness factors. However, government responses have a positive and statistically significant effect on the FDI attractiveness factors such as economic growth, trade openness and human and technological capital development and contribute to the economic recovery of the Asian region.
Practical implications
The empirical findings can provide useful information for policymakers in designing macroeconomic policies and taking government measures to improve their investment environment and attract FDI.
Originality/value
The study shows that government responses, economic support, containment and health policies are effective in containing viruses, reducing the impact of the COVID-19 pandemic and strengthening resilience in FDI attractiveness factors. It also indicates that foreign investors are responding positively to government measures.
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The purpose of this paper is to empirically assess the effect of the factors contributing to the recovery from this crisis in terms of national GDP growth among the G7, Asian7…
Abstract
Purpose
The purpose of this paper is to empirically assess the effect of the factors contributing to the recovery from this crisis in terms of national GDP growth among the G7, Asian7, and Latin American7 countries.
Design/methodology/approach
The author uses a multivariate regression analysis of the determinants of the global financial crisis recovery.
Findings
Based on data from 21 developed and developing emerging market economies the author found that good macroeconomic fundamentals together with more open financial policy, financial liberalization, financial depth, domestic performance, and favored global conditions do linearly influence national GDP growth. Over 85 percent of cross-country variations in GDP growth during the recovery phase of the global financial crisis can be explained by its linear dependency on pre-crisis national GDP growth, financial liberalization, financial depth, domestic performance, as well as interaction terms between various explanatory variables. Cross-country differences in national GDP growth also linearly depend on macroprudence and on favorable global conditions.
Originality/value
Results of such empirical examination may enable governments in developing countries devise resilience strategies that may serve as powerful tools for dealing with future global financial crises.
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