Export tariffs in central African Countries

In recent years the export tariff has Increasingly been abandoned as a policy tool by the developed countries, yet it has been maintained by the less developed countries.     

Der deutsche Leistungsbilanzüberschuss — Fluch oder Segen?

Germany has one of the highest current account surpluses in the world. This is criticised by its global trading partners and is subject to the European Macroeconomic Imbalance Procedure. The authors interpret this phenomenon quite disparately. Some state that the surplus is not the result of continuously and structurally slower imports relative to export growth. Instead, two periods of weak domestic demand have left lasting traces. This should not result in programmes to stimulate the demand side. Others, however, find that Germany should identify ways to increase its domestic demand, especially its public and private investment, in order to reduce its surplus. It is hard to exactly quantify and target an appropriate level of the current account, and thus political action should focus directly on the distortions and misallocations that potentially result from an imbalance. By 2020, however, the German surplus is likely to decrease due to demographic developments, the housing boom and slowing globalisation. Since the rotation of fixed income assets out of Europe (“Euroglut”) is likely to continue, the outlook for the future value of the euro is therefore even more bearish.     

Voorlezingen over de Economie,door Mr. P. A. Diepenhorst. III. Theorie. Tweede gedeelte

Das praktische Gesamturteil über das Problem ist deshalb so schwierig, weil die zunehmende Ungleichheit des Einkommens zunächst ein Instrument des individuellen und gesellschaftlichen Fortschrittes ist, von einem gewissen Punkte an aber freilich durch ihre Wirkung auf die Individuen und die Gemeinschaft versteinernd, depravierend, vergiftend wirkt.     

Long‐term Effects of Fiscal Stimulus and Austerity in Europe

We analyze whether there are ne gative (positive) long‐term effects of austerity measures (stimulus measures) on potential output growth. Based on the approach of Blanchard and Leigh ( 2013 ) and Fatás and Summers ( 2018 ) and using a novel data set of narratively identified fiscal policy shocks, we estimate the impact of these shocks on potential output. We robustly find a considerable underestimation of multiplier effects and their persistence for most European countries in the early years after the financial crisis and subsequent Euro Area crisis. We conclude that fiscal consolidation was badly timed and thus not only deepened the crisis but may have caused evitable hysteresis effects.     

Job insecurity and intent to leave the nursing profession in Europe

To determine the occupational factors affecting nurses' decision to leave their profession before reaching retirement age, a large epidemiological study (Nurses' early exit study – NEXT)1 1. EU-financed project QLK6-CT-2001-00475. was carried out in ten European countries. Altogether 32,037 registered nurses answered a questionnaire, covering, for example, questions on job insecurity and intention to leave nursing work. The data were analysed statistically using Chi² test and binary logistic regression models.

Concern about becoming unemployed and difficulties to find a new job if laid off was reported by 40% of the respondents. More than half of the respondents were worried about their qualitative job security (being transferred to another job or changes in work schedule), while less than 40% had concerns about becoming unable to work. Thoughts about leaving the profession were reported by 15% of the respondents.

The hypothesis, that nurses will show higher intention to leave if they experience high levels of job insecurity, was partly supported by the results of the study. The concern about the qualitative aspects of job security correlated positively with intent to leave nursing in almost all the participating countries; most strongly among the Finnish and Norwegian nurses. The relationship between the concern about employment security and intent to leave varied from country to country, probably due to differences in the labour market situation. The correlation was positive for the Dutch and British nurses while, for the Polish and German sample, nurses who reported worry about their employment security appeared to be less willing to leave the profession than those who were not too worried. The concern about being unable to work correlated positively with intent to leave in several countries, reflecting the demands of the profession.

The effects of job insecurity can be reduced if nurses feel that they are important to the health care institution they work for, and that the institution cares about them, and values their opinion.     

Nationalism and government effectiveness

Nation-building is believed to have a positive influence on economic and political outcomes, especially in countries with ethnically fragmented populations. Yet nationalism, an indicator of successful nation-building, has been empirically linked to protectionism and intolerance, which suggests that dismal performance is a more likely outcome. This paper empirically identifies an inverted U-shaped relationship between nationalism and government effectiveness. The results suggest that the level of nationalism in the population is higher than optimal in most countries. It is further shown that nationalism may mitigate the negative effects of ethnic heterogeneity in former colonies. We find no clear linkages between nationalism and trade openness.