Hearing the Noise: Economic Sanctions Theory and Anomalous Evidence

Our understanding of economic sanctions has progressed significantly over the past three decades. Sanctions scholars have done a remarkable job at using empirical anomalies to guide theoretical developments and then using these to guide the next iteration of data collection and empirical testing. Here, I argue that mounting empirical evidence suggests it is time to develop a new theoretical perspective. I identify a number of empirical results, some unpublished, that are hard to reconcile with existing theory, and I argue that there is enough consistency in these results to suggest which way to turn.     

Consultation,Participation and Policy‐Making: Evaluating Australia's Renewable Energy Target

A Review of Australia's Renewable Energy Target is used to contribute to the concept of negative externalities in consultation processes, including wasted investment by stakeholders and reduced investor confidence. The findings indicate that there is a need to establish clear consultation objectives. The paper concludes with a model for consultation agents to consider when initiating a consultation process. The model stresses the need to make objectives of the consultation process transparent to stakeholders, including the extent to which the outcomes of consultation are likely to result in changes to policy. Consultation agents and policy developers should seek to identify potential negative externalities at the outset of any consultation process, and address these within the consultation framework where possible.