Sustaining multilateral cooperation among asymmetric countries: Does MFN help?

The most favored nation (MFN) clause is widely understood to be the central pillar of the global multilateral trading system. Does the MFN principle of non-discrimination facilitate multilateral cooperation? Using a repeated game approach, we address this question in an oligopolistic three country model of intraindustry trade where production costs differ across countries. The analysis delivers two main results. First, both under MFN and tariff discrimination the incentive constraint of the high cost country determines whether or not free trade is sustainable. Second, the high cost country is more willing to cooperate multilaterally under MFN relative to tariff discrimination.     

Sustainable urban tourism success factors and the economic performance of small tourism enterprises

The aim of this study is to introduce the relationship between sustainable urban tourism success factors and the economic performance of small tourism enterprises (STEs). The related data was obtained from 330 STEs business owners/managers in Eskisehir (Turkey). To determine the dimensions Exploratory Factor Analysis was performed and Confirmatory Factor Analysis was used for verifying these dimensions. Structural Equation Modelling was applied in order to introduce the relation which is foreseen. As a result of the analysis, seven dimensions of urban tourism success factors and two dimensions of the economic performance of STEs have been determined and a significant relation was found between them. These findings provide an insight to literature and new directions and suggestions for local governments, regional marketing organizations and business managers on how tourism development and sustainability can be achieved in urban areas.     

The political economy of enforcer liability for wrongful police stops

This article questions whether excessive policing practices can persist in an environment where law enforcement policies are subject to political pressures. Specifically, it considers a setting where the police decide whether to conduct stops based on the suspiciousness of a person's behavior and the potential liability for conducting a wrongful stop. We establish that the liability level that results in a voting equilibrium is smaller than optimal, and consequently, that excessive policing practices emerge in equilibrium.     

Research Performance of Turkish Economists and Economics Departments: Another Update and a Review of the 2000s

This article discusses publication performance and patterns of Turkish economists by analyzing changes overtime and comparing results to economists’ performance in some emerging economies. The results indicate that (1) the publication performance of Turkish economists and economics departments has improved rapidly over the years but they are still performing below their potential; (2) there is a remarkable difference in research performance among the institutions, but competition has been increasing; (3) the majority of contributions to research output in Turkey are made by six leading universities, but competitive pressure is coming from other institutions; (4) the faculties of the six leading universities are highly motivated to publish in high-quality journals, while members of the other institutions are also increasingly eager to find themselves a place in these outlets; (5) more than one-third of the articles are published in 10 of the 350 Social Sciences Citation Index (SSCI) Economics Journals, but the concentration ratio is decreasing overtime; (6) publication performance and patterns of Turkish economists are similar to their counterparts in emerging economies, but in some aspects Turkish economists perform better.     

An Overview of the Proximate Determinants of Economic Growth in Indonesia Since 1960*

In this paper, we address two questions. First, what determined the growth of GDP per worker in Indonesia from 1960 to 2014? We examine Indonesia’s economic performance, using a growth accounting framework. We show that economic growth during the Soeharto era after 1975 was mainly determined by an increase in capital accumulation. Negative growth in total factor productivity (TFP) during the Asian financial crisis was more noticeable in Indonesia than in comparable ASEAN countries. In Indonesia, the contribution of TFP growth turned persistently positive after 1999. Second, what are the key determinants of the GDP per worker differences between Indonesia and the United States? Using data from the recently updated Penn World Table database and employing a levels accounting method, we find that the gap in physical capital deepening between the two countries is of declining importance in explaining the gap in labour productivity between Indonesia and the United States. We then compare our findings with data from the World Bank’s Changing Wealth of Nations 2018.     

International students and labour market outcomes of US-born workers*

Do international students graduating from US colleges and universities affect labour market outcomes of similarly educated native-born workers? I address this question by exploiting a change in US visa policy that results in increases in the labour supply of master’s-level international students to the US labour market in science, technology, engineering and mathematics (STEM) fields. Estimates show that increases in their labour supply via temporary work permits in a certain field reduce employment of recently graduated native-born holders of a master’s degree but increase earnings of experienced native-born holders of a master’s degree in the same field. These findings support the hypothesis of substitution between skills of similarly educated immigrants and native-born individuals in the same age group and complementarity between skills of those in different age groups.     

Do Disruptive Visions Pay Off? The Impact of Disruptive Entrepreneurial Visions on Venture Funding

Entrepreneurs often articulate a vision for their venture that purports to fundamentally change, disturb, or re‐order the ways in which organizations, markets, and ecosystems operate. We call these visions disruptivevisions. Neglected in both the disruption and the impression management literature, disruptive visions are widespread in business practice. We integrate real options and impression management theories to hypothesize that articulating a disruptive vision increases the likelihood of the venture receiving funding but reduces the amount of funding obtained. A novel dataset of Israeli start‐ups shows that a standard deviation increase in disruptive vision communication increases the odds of receiving a first round of funding by 22 per cent, but reduces amounts of funds received by 24 per cent. A randomized online experiment corroborates these findings and further demonstrates that the expectation of extraordinary returns is the key mechanism driving investors’ sensemaking.     

Performance feedback and middle managers’ divergent strategic behavior: The roles of social comparisons and organizational identification

Research Summary: What drives middle managers to search for new strategic initiatives and champion them to top management? This behavior—labeled divergent strategic behavior—spawns emergent strategies and thereby provides one of the essential ingredients of strategic renewal. We conceptualize divergent strategic behavior as a response to performance feedback. Data from 123 senior middle managers overseeing 21 multi‐country organizations (MCOs) of a Fortune 500 firm point to social performance comparisons rather than historical comparisons in driving divergent strategic behavior. Moreover, managers’ organizational identification affects whether they attend to organizational‐ or individual‐level feedback. These results contribute to research on performance aspirations and strategy process by providing a multilevel, multidimensional framework of performance aspirations in middle management driven strategic renewal. Managerial Summary: Middle managers are essential actors in strategic renewal. Their unique positions offer insights into operations alongside knowledge of strategy. In contrast to typical assessments of managerial performance with reference to a prior year, this research shows that performance comparisons relative to peers and other organizational units better motivate managers’ divergent strategic behavior. Our results also show that managers who identify with the firm are more attentive to organizational rather than individual performance discrepancies. Thus, our study unveils an important approach for organizations aiming to spark strategic renewal.     

The place attachment experience regarding the disabled people: the typology of coffee shops

This study inquires the possible creation of a sense of a place in coffee houses for the disabled people as public places. The physical characteristics of a space are the main factors allowing all people including the disabled ones as well to perceive that place properly and within the “person, place and interaction process” framework. The place attachment, which can be defined as the main emotional bond between space and the users, is heavily influenced by the individualistic experiences and reactions whether they are ordinary or differently abled. In order to initiate a place attachment, spaces should be designed in a way that they respect the occupant’s perception, feelings, memories, senses and their physical abilities to enable them to develop a sense of belonging and ownership. Therefore, creating designs which foster people’s construction process of sense of a place that comprises the concept of identity and sense of belonging, is among the essential issues for realizing place attachment in architecture and design of public spaces. In our contemporary world, there are settings that possess these qualities; contrariwise there are more architectural and urban spaces which ignore these qualities and their benefits for people, especially for the disabled ones. Relatedly, a building should offer people enough information for perceiving it and with its physical features should also support the experiences that occur in it. There is a strong link between memorable events and the space where those events occur. An environment which provides outstanding and meaningful ambiance by its architectural characteristics can establish a sense of a place. Disabled people often have less opportunities to experience the spaces properly compared to others because their limitations are not taken into consideration when designing the public spaces. Therefore, the design process of public spaces should involve the basic needs of disabled people. In order to propose a typology for traditional coffee houses, this research aims to define and discuss the place attachment experience of disabled people in public spaces. The study begins with an overview of identifying different types of disabilities and special needs, and an introductory discussion of how space attachment can help to meet those needs. Therefore, the physical, social and typological aspects of traditional coffee houses were evaluated in terms of location, space organization and functions by considering the profiles of disabled users. Methodologically, this is a case study, which has a mixed research design including qualitative and quantitative research instruments.     

The effect of spatial variables on the economic and environmental performance of bioenergy production chains

The aim of this paper is to understand the impacts of spatial variables on the performance of bioenergy production chains (BPCs). Even though the strong debates continue on the use of first generation biomass for bioenergy production, many countries continue to utilize it as an alternative energy source. Several studies have been carried out on biomass transformation efficiency, on environmental impacts of using crop in biofuel production, and on its negative effects on increasing food prices. However, less attention has been paid to the role played by the spatial variables on the performance measures of BPCs.In this paper, we analyse how three spatial variables, i.e. cultivation area size, land dispersion, and accessibility to cultivation areas, can affect the performance of energy-balanced BPC, which produces its own electric and thermal energy demand. The chain is represented as a network of processes, where all inputs and outputs are geographically referred and analysed in a theoretical case example. We propose an enterprise input-output (EIO) model, which can be used as an accounting tool to compute the main materials and energy flows-related costs and as a planning tool to evaluate the chain performance in different scenarios. Finally, the proposed model is applied to an actual case study, to investigate the opportunity to establish a sunflower-based BPC in Apulia region (Italy) and to assess its performance.Results show that higher land dispersion degree and less area accessibility levels reduce the economic and environmental performance of the BPCs. The construction of the energy-balanced chain reduces the negative environmental impacts caused by fossil energy use in the processes of the BPC. Managerial implications can also be obtained from actual case study about the biodiesel plant location decisions.