Charity registration and reporting: a cross-jurisdictional and theoretical analysis of regulatory impact

Governments increasingly regulate charities to restrict the number of organizations claiming taxation exemptions, reduce charities’ ability to abuse state support, and detect and deter fraud. Public interest theory arguments suggest that regulation could increase philanthropy through enhancing public trust and confidence in charities. Nevertheless, public choice theory argues that regulators seek to maximize political returns, ‘manage’ charity-government relationships, and reduce potential regulatory capture.

We analyse charity regulatory regimes using these two regulatory theories and the relative costs and benefits of different regulatory regimes. Heeding these should reduce regulatory inefficiency and balance accountability and transparency demands against benefits charities receive from regulation.     

Decision-Making Patterns in Multilevel Governance: The contribution of informal and procedural interactions to significant multilevel decisions

To come to decisions in a multilevel setting, informal as well as procedural interactions are of importance. In this paper, we explored in a case study the decision-making patterns between informal interactions and procedural interactions, and the significance of the decisions resulting from different patterns.

We discovered five patterns of multilevel decision-making: top-down processes, bottom-up processes, collaborative decision-making, synchronization by procedures, and synchronization by interactions. We conclude that these patterns do have different results. Top-down and bottom-up processes often result in mutually extinguishing decisions, whereas the other patterns can result into decisions that matter, depending on the relationships between levels.     

Values Do Follow a Simple Rule!

Contrary to what is often suggested, values do follow a very simple rule as the rate of profit r varies, provided only that the system is square. None of single production, semi-positive vertically integrated input coefficients, or regularity à la Schefold needs to be assumed. Furthermore, that very simple rule is followed for all finite values of r and can be expressed solely in terms of the powers of r. Moreover, when the requisite numéraire is employed, the wage

profit frontier takes a simple form; conversely, when the frontier takes that form, one knows that the requisite numéraire is being used, even without knowing what it is.     

Interregional Migration and Thresholds: Evidence from Spain

We analyse the effects of labour market factors on interregional migration in Spain for the period 1988–2010. A basic theoretical framework is developed, suggesting that the effect of labour market variables on migration varies, depending on a certain threshold. The model implications are tested using a new approach based on the presence of endogenous thresholds. We show that Spanish interregional migration can be explained by labour market variables when the labour market conditions at the source region are unfavourable relative to those of the host region. We test the results for several migrant characteristics, such as citizenship, the age range, and return migration.

Migration inter-régionale et seuils - résultats de la recherche en Espagne     

An analytical study on effect of FIIs & DIIs on Indian stock market

Purpose: The purpose of this research is to examine the effect of FIIs and DIIs activities on volatility of Indian stock market. This study also examined the causal relationship between FIIs and DIIs.

Design/Methodology/Approach: This study uses Nifty, Nifty Next 50, BSE Sensex, and BSE 100 to represent Indian stock market. Ganger Causality test is used to see causal relationship between FIIs and DIIs. TGARCH model is used to check volatility of Indian stock market.

Practical implication: This will also help investors to make investment decisions, especially investing in these indices as they will be able to forecast effect of recent news and historical volatility of returns.

Originality/value: This paper will be useful to investors investing in these four major indices.     

Foetal Exposure to Air Pollution and Students' Cognitive Performance: Evidence from Agricultural Fires in Brazil*

This paper examines the impact of foetal exposure to air pollution from agricultural fires on Brazilian students' cognitive performance later in life. We rely on comparisons across children who were upwind and downwind of the fires while in utero to address concerns around sorting and temporary income shocks. Our findings show that agricultural fires increase $$, resulting in significant negative effects on pupils' scores in Portuguese and Maths in the $$ grade through prenatal exposure. Back-of-the-envelope calculations suggest that a 1% reduction in $$ from agricultural burning has the potential to increase later life wages by 2.6%.