‘Intelligent investment’? Welsh sport policy and the (in)visibility of ‘race’

ABSTRACT

In this paper, we draw on research conducted in Wales to consider reasons for participation and non-participation in sport and physical activity among Black and minoritised ethnic (BME) groups. This study exposes the challenge at the heart of sports policy in relation to ‘race’ and ethnicity in Wales that, if not addressed, may lead to the marginalisation of attempts to increase BME participation in sport and physical activity despite good intent. It points to a disjuncture between supply and demand and leads us to question the extent to which such policies resonate with the interests, needs and lived experiences of people from different BME communities in Wales. We draw on testimonies of policy-makers and implementers, as well as individuals from various BME communities in five regions of Wales, to consider the extent to which national sports policy encourages strategies to increase participation among different ethnic groups. We suggest that increasing participation among BME communities and other ‘hard-to-reach’ groups must go beyond accounting for the supply aspects of sport and physical activity to consider more critically the plethora of barriers and exclusions facing many BME communities. We conclude by arguing that for racial inequalities to be reduced, and promises such as ‘sport for all’ to be realised, the analysis of policy needs to be related to broader relations of power in the culture of both sport and society.     

Improved road accessibility and indirect development effects: evidence from rural Philippines

This paper develops earlier conceptual frameworks and methods for analyzing the indirect development effects of improved road accessibility. The creation of economic opportunity and response to economic opportunity are the two concepts used in the theoretical framework, while time-series data, a road accessibility inventory, and a multi-criteria analysis were the methods used to analyse the indirect effects among households and household firms. A weakness of many impact studies is that they merely chart aggregate economic development. The method employed here includes access to resources by various groups and therefore enables the focus to shift from mere aggregate economic development to also encompass equitable and sustainable social development. The study focused on a rural Philippine fishing community, previously characterized by poor transport conditions and poor accessibility to major markets. It found that the benefits of the road improvement were considerable and benefited a great majority of the population in the fishing community. In addition to the extensive direct effects of the improved road, a number of complementary factors led to substantial indirect effects. These included: abundance of harvested resource in the community; a potential for technical innovations that increased production and productivity; available investment to support this increased production; abundant demand for this increased production in the market region (the market widened in spatial terms and prices were maintained).     

Fiscal Shenanigans, Targeted Federal Health Care Funds, and Patient Mortality

We explore the effectiveness of matching grants when lower levels of government can expropriate some of the funds for other uses. Using data on the Medicaid Disproportionate Share program, we identify states that were most able to expropriate funds. Payments to public hospitals in these states were systematically diverted and had no significant impact on patient mortality. Payments that were not expropriated were associated with significant declines in patient mortality. Overall, subsidies were an effective mechanism for improving outcomes for the poor, but the impact was limited by the ability of state and local governments to divert the targeted funds.     

Does antidumping stimulate FDI? Evidence from Japanese firms in the UK

Does Antidumping Stimulate FDI? Evidence from Japanese Firms in the UK. — This paper explores which factors influence the number of Japanese firms in the UK and the level of employment and fixed assets in those firms, at a highly disaggregated sector level. We are interested in whether trade policy has had a role to play in the entry and expansion of Japanese firms. The results give some support to the hypothesis that antidumping action has acted as an incentive for Japanese direct investment in the UK. However, it has a relatively modest effect —antidumping cases can explain a maximum of 8 per cent of the expansion in employment by existing Japanese firms in the UK, while they appear to have no influence on the arrival of new firms.     

Evaluation of the effect of investor psychology on an artificial stock market through its degree of efficiency

The main objective of this article is to develop a Cellular Automaton Model in which more than one type of stockbroker interact, and where the use and exchange of information between investors describe the complexity measured through the estimation of the Hurst exponent. This exponent represents an efficient or random market when it has a value equal to 0.5. Thanks to the various proposals, it can be determined in this investigation that a rational component must exist in the simulator in order to generate an efficient behavior.