Browsing by Subject "Institutions"

Now showing 1 - 7 of 7

Open Access
Europeanisation in the ‘Southern Periphery’: comparative research findings on the EU's impact on domestic political economies
(Routledge, 2013) Balkir, C.; Bolukbasi, H. T.; Ertugal, E.
This article presents the comparative findings of six case studies of continuity and change in Southern European political economies which make use of the Europeanisation research programme. It summarises the varied European Union (EU) level inputs, frameworks or agendas in the different policy areas that each case study focuses on. It gauges the magnitude and direction of domestic change at the level of policy and governance in each political economy. In order to show how the case studies unpack the relationship between the EU input and domestic change in public policies, the article explains how the prevalent ideas, dominant interests and structuring institutions co-determine the nature of domestic change in political economies.
Open Access
Firms’ strategic preferences, national institutions and the European Union’s internal energy market: a challenge to European integration
(European Communities Studies Association, 2010-11-12) Ipek, P.; Williams, P. A.
Although liberal intergovernmentalism claims that economic interest groups shape national preferences towards integration, while neofunctionalism assumes that these groups support integration for its expected economic benefits, these approaches cannot account for variation in EU integration across policy areas. We employ an analytical framework to explain divergent firm preferences towards integration in the EU-wide internal energy market. Building on Weber and Hallerberg’s (2001) specification of transaction costs and external (competitive) threat as independent variables in their model of divergence in firm preferences towards ‘binding’ EU rules, our analysis incorporates domestic market structure and firms’ international relationships as intervening (contextual) variables. Testing our argument in four cases - Germany, Italy, France and the UK - confirms that distinct national institutions promote divergent attitudes towards the internal energy market because domestic market structures and firms’ international settings respond to transaction costs and external threat in this market within the context of member states’ traditional local models of capitalism. In relation to theories of European integration, this study underscores the importance of varieties of capitalism in preference formation vis-à-vis integration, offering additional insights into the conditions under which national institutions have been influential in response to common external pressures in the energy market.
Open Access
Institutions and the book-to-market effect: The role of investment horizon
(Elsevier BV, 2022-11-16) Iqbal, M. S.; Salih, A.; Akdeniz, Levent
In this study, we investigate the differential contribution of institutions with different investment horizons in the book-to-market effect. We find that long-horizon institutions tend to buy (sell) stocks with positive (negative) past intangible information. This behavior exacerbates market overreaction and magnifies intangible return reversals, thus contributing to the book-to-market effect. On the other hand, short-horizon institutions trade independent of intangible information, and their trading in the direction of intangible information does not contribute to the book-to-market effect. Moreover, our findings also support that short-horizon institutions are better informed than long-horizon institutions.
Open Access
Institutions in the politics of policy change: who can play, how they play in multiple streams
(Cambridge University Press, 2022-03-17) Bolukbasi, H. Tolga; Yildirim, Deniz
This article explores the politics of policy change by focusing on agenda setting through the lens of the Multiple Streams Approach (MSA), which has been travelling to ever-larger geographies. We aim to produce signposts for future case studies of policy change by bringing together insights from MSA and New Institutionalism. We ask: Which institutions should we focus on when studying agenda-setting politics in different geographies? How do these institutions shape MSA's structural elements - problem stream, policy stream, political stream, policy windows, and policy entrepreneur? In answering these questions, we hope to weave not only formal but also informal institutions into MSA's backbone more tightly. We bring together diverse case studies that are sufficiently abstract and whose findings travel easily across other institutional contexts. We revisit the structural elements of MSA and illustrate how key formal and informal rules structure the politics in these structural elements. © 2022 The Author(s). Published by Cambridge University Press.
Open Access
Markets as institutions
(1995) Başçı, Erdem
This dissertation investigates resource allocation via institutions. A unifying framework for studying various kinds of institutional structures is provided. After the introductory Part 1, Part 2 presents the general model (Chapter 1) and studies existence of equilibria (Chapter 2). Part 3 provides applications to general equilibrium models under complete markets (Chapter 3), public goods and Lindahl prices (Chapter 4), generalized price systems and sales taxes (Chapter 5), lemons type quality problems (Chapter 6). adverse selection and money (Chapter 7), and a model with Markov technologies and freedom effects on utilities (Chapter 8). welfare implications of most applications are investigated. Chapter 9 discusses further applications and possible future research topics.
Open Access
The role of natural resources in economic development: Turkey's boron experience
(2008) Okan, Menekşe
This master thesis aims to analyze the utilization of boron deposits in Turkey and to elaborate Turkey’s performance in deriving economic benefits from boron production. This research finds out that there is not a prescribed contribution of natural resources to economic development unless the resources are associated with comprehensive policies that are placing the investment in knowledge in the forefront. In this regard, this thesis asserts that, deriving significant contributions for its economy depends on Turkey’s ability in knowledge creation for high value added production rather than geological endowment.
Open Access
Social partnership in Greece : is there a Europeanization effect?
(Sage Publications Ltd., 2008) Tsarouhas, Dimitris
How should one understand the influence of Europeanization on social partnership? This article examines the impact of the European Employment Strategy (EES) on Greek social partnership and the role of employers and unions in the formulation of labour market policy. It identifies two potential levels of influence: first-level change which leads to an alteration of policy discourse, and second-level change which opens up space for reforms in policy actors' preferences and institutional resources. Empirical findings show a loose and indirect link between the advancement of Greek social partnership and the EES. Policy legacies and institutional inadequacies are decisive. Nonetheless, contrasting the Greek and Italian cases reveals the room for manoeuvre available to unions willing to invest in organizational restructuring and a bigger say in the policy process.