Regional economic disparities in Belgium and regional,national and supra‐national policies: an analysis of collective failure

Two kinds of regional disparities can be distinguished in Belgium. First there is the internationally well‐known dispute between Flanders and Wallonia. Secondly, there are large disparities within the regions. Three policy levels deal with these disparities: the (Flemish) regional level, the national government level and the EEC level. The purpose of this paper is to sketch the regional problems in Belgium, to analyse the policies that deal with them, to consider the co‐ordination problems between them and to shed some light on the public choice aspects of government interventions. It is concluded that regional policy in Belgium is a highly politicised affair. Furthermore public attention paid to regional policies has outgrown the importance of our regional disparities. Even other forms of micro‐economic policy are jeopardised by regional disparities and the resulting pressure.     

Stages in Dutch regional policy: 1945–1984

This paper discusses the major developments in regional policy in the Netherlands by relating the policy instruments and locations to stages in the socio‐economic and political development of the Netherlands from 1945 onwards. It concludes that, at present, the spatial dimension of economic policy has lost importance, and the support for peripheral regions is restricted.     

The Scottish economy: the development of underdevelopment?

This paper describes the recent economic history of the Scottish economy and uses a synthesised theory of labour market segmentation and the dual economy to identify the origins of the relative decline of Scottish industry and labour over the period, critically evaluating the role of the SDA and of government policy in general. Incorporating the impacts of takeover and merger of indigenous companies, the promotion of the branch plant economy, the selective effects of emigration and training schemes, and the reliance on small and medium sized companies to regenerate the economies of city‐regions, an analysis based on the importance of the centre‐periphery relations of monopoly capitalism for the Scottish economy is undertaken.     

Jumps in Euribor and the effect of ECB monetary policy announcements

The main tool that the ECB uses to influence monetary policy is through the short-term refinancing rate, a change in the short-term interest rate can in turn cause the whole yield curve to shift. In addition to central bank announcements, interbank rates such as Euribor are also influenced by, forward guidance from the ECB, various macroeconomic events, liquidity in the money markets and the perceived credit worthiness of financial institutions. Forward rates are usually used by policy makers and market practitioners to examine expectations, but options provide additional information about the uncertainty of these expectations, particularly future jump expectations. This research examines the jump characteristics of the 3-month Euribor futures contract and its corresponding futures option contracts using both a jump diffusion model with a Bernoulli jump distribution and option-implied parameters using a jump diffusion process with Poisson distribute. We find that both the Bernoulli jump analysis of historical data and implied jump diffusion model succinctly capture diffusion volatility, jumps and jump size. Using a regression analysis to examine the effect of ECB refinancing rate monetary policy announcements on the 3-month Euribor and the associated jump parameters, we find a significant relationship between ECB announcements and the probability of a jump in Euribor. Regression coefficients on the implied jump amplitude parameters suggest that the market correctly anticipates the direction of the rate announcement suggesting option-implied jump parameters can predict, to some extent, ECB announcements. However, our results also show that there is significant uncertainty before the announcements, and this implies that monetary policy communication is not having the full desired effect.     

企业环保信用评价政策实施研究

2013年《企业环境信用评价办法(试行)》印发后,各地在健全环保信用评价制度上做了不少探索,一些专家、学者也对企业环保信用评价制度做了一些研究,但针对全国实施情况和地区实施差异性的总体研究和深度总结较少。本文在系统搜集我国31个省、自治区、直辖市所发布的企业环保信用评价政策文件的基础上,从评价范围、评价方法和评价结果等方面对结合地方特点制订的21份文件进行剖析,并对政策实施效果及执行中存在的问题进行总结归纳,最后提出加快立法进度、完善政策体系和强化结果应用等对策建议。     

Recent debates and developments in British regional policy

This paper reviews the latest regional policy changes in Britain against the background of recent political and academic debates over the nature of and appropriate response to regional economic problems. It puts forward a critique of the current government's position on regional policy, as set out in the 1983 White Paper Regional Industrial Development, and examines the options for more broadly‐based approaches to regional development planning.     

Watershed surveys to support an assessment of the regional effects of acidic deposition on surface water chemistry

Through the Direct/Delayed Response Project (DDRP), the United States Environmental Protection Agency is attempting to assess the risk to surface waters from acidic deposition in three regions of the eastern United States: the Northeast Region, the Southern Blue Ridge Province, and the Mid-Appalachian Region. The central policy question being addressed by the DDRP is: Within the regions of concern, how many surface water systems (lakes, streams) will become acidic due to current or altered levels of acidic sulfur deposition, and on what time scales? The approach taken by the DDRP is to select a statistically representative set of watersheds in each region of concern and to project the future response of each watershed to various assumed levels of acidic deposition. The probability structure will then be used to extrapolate the watershed-specific results to each region. The data will be used also for statistical investigation of hypothesized relationships between current surface water chemistry and watershed characteristics. Because the needed terrestrial data base was not available, regional watershed surveys were conducted to meet the specific data needs of the DDRP. Maps (1∶24,000) of soils, vegetation, land use, depth to bedrock, and bedrock geology were made for each watershed. The soils were grouped into sampling classes based on their hypothesized response to acidic deposition. Randomized sampling of these classes provided regional means and variances of soil properties that can be applied to individual watersheds. Because of DDRP's need for consistency within and among regions, unique quality control/quality assurance activities were developed and implemented. After verification and validation, the DDRP data base will be made publicly available. This will be a unique and useful resource for others investigating watershed relationships on a regional scale. The results of these surveys and the conclusions of the DDRP will be presented in several future papers. The current paper gives an overview of the context, rationale, logistical considerations, and implementation of these surveys, with special emphasis on the field activities of watershed mapping and soil sampling. This discussion should be useful to those planning, implementing, and managing survey activities in support of regional assessments of other environmental concerns, who are likely to face similar choices and constraints.     

Water Quality Trading with Lumpy Investments,Credit Stacking,and Ancillary Benefits

This paper studies the economics of a water quality trading market in a predominantly agricultural watershed, and explores the effects of credit stacking in such a market when buyers and sellers of pollution credits can only reduce pollution with large, discrete investments that yield discontinuous supply and demand. The research simulates hypothetical water quality trading markets in the corn‐belt area of Illinois, where wastewater treatment plants (WWTPs) can pay farmers to reduce nutrients by installing wetlands and farmers may or may not be allowed to earn payments for multiple services from one wetland. We find that wetlands are a more cost‐effective way to mitigate nitrogen pollution than abatement by WWTPs. Stacking credits may improve social welfare while providing more ecosystem services if there is enough demand for the primary credit in the market (nitrogen) to cover most of the cost of installing the wetland but the supply of nitrogen credits is not exhausted. However, in the presence of lumpy pollution reduction activities, the effects of allowing stacked credit sales are idiosyncratic and not necessarily positive; stacked payments may or may not satisfy additionality. The results imply that credit trading for nitrogen is likely to make society better off, but the effects of allowing farmers to receive multiple payments from a single wetland depend on details of the situation.     

Mining investment and regional development: A scenario-based assessment for Northern Sweden

The way in which mineral development contributes to economic development in the region where it takes place is important for the mining industry’s relations to the local community. The purpose of this paper is to provide an assessment of the regional-economic impacts of a large-scale contemporary iron ore project in Northern Sweden (including two new mines, two processing plants, and one pellet plant). The regional input-output model rAps, provided by the Swedish government agency NUTEK is used, and it explicitly addresses the linkages between demographic development, the labour market, industrial production and the municipal finances in a consistent modelling framework. The simulation results suggest an average employment multiplier of about 2-2.5 during the maximum production phase, indicating that for every 100 jobs in mining about 100-150 jobs are supported elsewhere in the local economy. The positive impacts in this case are made possible in large because of the existing mining cluster and local suppliers in northern Sweden. Still, these results are perhaps best viewed as an indication of the potential for local economic development as they neglect, for instance, potential supply constraints (e.g., attracting the necessary labour force, road infrastructure, etc.). Specific policies to further strengthen the regional linkage effects may therefore be necessary in order for this potential to be realized in practice, and attention would preferably be paid to policy measures that have positive external spillover effects on the surrounding geographical area.     

The expert valuation method for assessing agro‐environmental policy

The Contingent Valuation Method (CVM) and other conventional valuation methods of non‐market goods often prove to be unsuitable for the evaluation of the benefits of agro‐environmental policy. Therefore, a new method is introduced, according to which a group of experts jointly evaluates the strengths, weaknesses and finally monetary benefit of agro‐environmental programmes. While the methodology combines expert surveys, group discussions and CVM, its theoretical background is merit good theory. Compared to CVM, the most important practical difference in its outcome is the greater openness of the results. As an example, the Expert Valuation Method is applied to two groups of agro‐environmental policy measures in Switzerland. Suggestions for more efficient levels of reimbursements are made.     

Looking through the postdisaster policy window

Policy windows are transitory opportunities during which the likelihood of adopting new policy or legislative proposals is greater than usual. Accepted wisdom has held that natural disasters serve as focusing events that generate policy windows in their wake. This paper highlights the need for a more circumscribed understanding of when and where policy windows occur based on the experiences of three US regional planning organizations: a hand-picked commission of community leaders, a council of governments, and a special-purpose substate organization. The first operated in the San Francisco Bay Area of California following the Loma Prieta earthquake (October 1989), and the other two in South Carolina's Atlantic coastal plain after Hurricane Hugo (September 1989). The analysis concludes that natural disasters did not transform the agenda or mission of these entities. Policy windows were neither automatic outcomes of focusing events nor did they ensure the adoption of pertinent policy within the organizations investigated. Several conditions are minimally necessary for using policy windows to bring about hazard mitigation: comprehensive institutional conceptualization of hazards management, institutional strength and flexibility, and well-placed, effective policy entrepreneurs.     

基于区域一体化背景下的长三角环境经济政策优化研究

基于长三角区域社会、经济、环保一体化高质量发展要求,全面调研"三省一市"(上海、江苏、浙江、安徽)2011—2017年环境经济政策出台情况,并开展评估分析。结果显示:长三角区域环境经济政策整体呈现良好发展态势,尤其在财政奖补方面占绝对优势,但各省市差异较为明显,且区域层面联动政策相对欠缺。在此基础上,结合长三角区域环境质量改善目标及污染防治协作深化需求,建议在环保基金、生态补偿、排污权交易、环境信用体系等领域率先开展区域联动试点,并从机制、法律、技术等层面给予保障,探索形成区域环境经济政策共商、共享、共赢模式。     

Optimal Advanced Credit Releases in Ecosystem Service Markets

Ecosystem service markets are popular policy tools for ecosystem protection. Advanced credit releases are an important factor affecting the supply side of ecosystem markets. Under an advanced credit release policy, regulators give ecosystem suppliers a fraction of the total ecosystem credits generated by a restoration project before it is verified that the project actually achieves the required ecological thresholds. In spite of their prominent role in ecosystem markets, there is virtually no regulatory or research literature on the proper design of advanced credit release policies. Using U.S. aquatic ecosystem markets as an example, we develop a principal–agent model of the behavior of regulators and wetland/stream mitigation bankers to determine and explore the optimal degree of advance credit release. The model highlights the tension between regulators’ desire to induce market participation, while at the same time ensuring that bankers successfully complete ecological restoration. Our findings suggest several simple guidelines for strengthening advanced credit release policy.     

Effectiveness of the policy of circular economy in China: A DEA-based analysis for the period of 11th five-year-plan

As a policy instrument for sustainable development, nationwide circular economy (CE) mode has been implemented for 7 years by the Chinese government, to overcome the dilemma among economic depression, energy shortage and environmental pollution. Unfortunately, few literatures contribute to checking the efficiency of regional CE and exploring the potential reasons in China, which will be practically helpful in guiding China's future development and providing reference for other developing countries that will adopt CE mode. Therefore, this paper puts forward the method of super-efficiency DEA window analysis to dynamically evaluate CE efficiency of 30 regions in China covering the period of 2005–2010. In line with the features of CE, the specific efficiency of three sub-systems, namely resource saving and pollutant reducing (RSPR) sub-system, waste reusing and resource recycling (WRRR) sub-system and pollution controlling and waste disposing (PCWD) sub-system, was assessed and compared regarding time series trend and spatial distribution, based on which, the comprehensive CE efficiency was totally ranked. The results show that, on the one hand, during the period of 2005–2010, Chinese CE efficiency slightly increased, implying a significant policy effect of CE; on the other hand, the efficiency of different sub-systems varies, with RSPR sub-system the lowest, and WRRR and PCWD sub-systems relatively higher. In terms of regional distribution, the efficiency of RSPR sub-system in the east area dominates during the whole period. However, for the other two sub-systems, from 2005 to 2007, the efficiency scores of the east fluctuate, then after 2007, the east area became more efficient than the central and the west areas. Throughout the study period, the RSPR sub-system in the central area stably maintains low efficiency, and so does the WRRR sub-system in the west area. The difference in regional efficiency of three sub-systems reflects the difficulty of carrying out CE policy in China comprehensively, which means that, promoting the adaptability of regional policy for local government and enhancing the coordination among various policies for China's central government are the key concerns for realizing sustainable development.     

Landfill diversion in a decentralized setting: A dynamic assessment of landfill taxes

We analyze the process of landfill diversion and its main determinants, by embedding the dynamics in a frame where economic, geographical and policy variables come into play. In addition to structural and economic drivers, we primarily investigate whether the Italian tax has been effective in supporting landfill diversion. Although the Italian landfill tax dates back to 1996, the oldest in the EU, its effectiveness in terms of landfill diversion has not been assessed yet. The complexity primarily derives from the decentralized regional implementation and the absence of a full coherent dataset covering all regions. We merge this new and original data on taxes to an integrated dataset which includes economic, waste and policy variables at regional level over the period 1999–2008. Panel regressions show that the effect of tax is significant, even when taking into account for its possible endogeneity. Regions that have increased such taxes have improved waste disposal performances over time. Landfill taxes are surely not the only instrument policy makers might introduce, but they seem to play a relevant role in the evolution of Italian waste disposal performances.     

Determining regional water quality patterns and their ecological relationships

A multivariate statistical method for analyzing spatial patterns of water quality in Georgia and Kansas was tested using data in the US Environmental Protection Agency's STORET data system. Water quality data for Georgia and Kansas were organized by watersheds. We evaluated three questions: (a) can distinctive regional water quality patterns be detected and predicted using only a few water quality variables, (b) are regional water quality patterns correlated with terrestrial biotic regions, and (c) are regional water quality patterns correlated with fish distributions? Using existing data, this method can distinguish regions with water quality very different from the average conditions (as in Georgia), but it does not discriminate well between regions that do not have diverse water quality conditions (as in Kansas). Data that are spatially and temporally adequate for representing large regions and for multivariate statistical analysis are available for only a few common water quality parameters. Regional climate, lithology, and biotic regimes all have the potential to affect water quality, and terrestrial biotic regions and fish distributions do compare with regional water quality patterns, especially in a state like Georgia, where watershed characteristics are diverse. Thus, identifiable relationships between watershed characteristics and water quality should allow the development of an integrated landaquatic classification system that would be a valuable tool for resource management. Because geographical distributions of species may be limited by Zoogeographic and environmental factors, the recognition of patterns in fish distributions that correlate with regional water quality patterns could influence management strategies and aid regional assessments.     

Information technology — a challenge for the sparsely populated areas

The computer and telecommunications technology has created new opportunities for developing interaction between offices and enterprises located far away from each other. Even if the market forces favour concentration to R & D centres in the big cities and in university towns, there are expectations that the distance over‐bridging qualities of the new technology can create development opportunities for sparsely populated peripheral areas. In this paper the interplay between the new technology and other important factors in the local and regional environment are discussed with the focus on both opportunities and restrictions.