亚洲债券基金的推出背景、影响及发展方向

以银行信贷为主的金融体系使东亚地区面临两大问题,即巨大的金融风险和盈余资金利用效率低下,这也是亚洲金融危机中有关各方脆弱表现的直接原因。为了解决这两个问题或缓解其造成的危害,东亚各国(地区)纷纷提出方案,亚洲债券基金(ABF)作为一个阶段性成果,目前已经推出两期,分别为ABF1和ABF2。虽然亚洲债券基金在推动亚洲债券市场发展方面有一定的积极影响,但是其局限性也很明显,未来的发展方向主要是投资对象和投资主体的多元化。     

Executive Particularism and Ministerial Selection in India

Why do political parties in parliamentary systems undertake actions, such as joining a coalition government, that will entail significant costs for their members in subsequent elections? Recent research points to the incentive structures faced by differentially positioned members of a parliamentary party: unlike backbenchers, MPs who hold a ministerial portfolio can use the prerequisites of executive office to shield themselves from the costs of governance. This article tests the theory of executive particularism by examining the electoral fortunes of government ministers in India. Sitting government ministers are found to outperform other candidates; however, tests of causality fail to demonstrate that holding a ministerial portfolio causes this electoral benefit. Instead, it appears that a candidate’s electoral performance enhances the likelihood of being granted a ministerial portfolio in the first place. This finding raises questions about the generalizability of claims that party elites can use ministerial office to shield themselves from the costs of governing.     

Racial attitudes & political cross-pressures in nationalized elections: The case of the Republican coalition in the Trump era

While scholars have found that Trump was able to capitalize on the racial attitudes of white voters, it is less clear how these racial attitudes influenced vote-choice across partisan and ideological cleavages in the electorate. It is also unclear whether racial attitudes affected voting at the congressional level or electoral outcomes at the aggregate level. Using a novel measure of racial attitudes at the subnational level and survey data, we make three clear findings: (1) Trump and Republican congressional candidates benefited from conservative racial attitudes both at the aggregate level and among white voters, (2) this electoral benefit for Republicans persisted during the 2018 midterm elections, and (3) the effect of attitudes on vote-choice did not significantly vary across partisan and ideological cleavages in the white electorate. Our findings suggest that, even during the era of highly nationalized and partisan elections, racial attitudes are still a mechanism by which Republicans can win significant electoral support among Democrats and relatively liberal voters in the white electorate. These findings have implications for the growing salience of race in the Republican electoral coalition.     

Theoretically,yes, but also empirically? How the corruption-turnout link is marginally explained by civic duty to vote

Corruption is generally associated with low electoral participation. A recurrent explanation of the negative correlation between corruption and electoral turnout involves the rational calculus of the costs and benefits of voting. More specifically, in a context of high corruption, citizens do not vote because they think that doing so will hardly affect policy decisions. A number of influential studies has argued that corruption affects citizens' electoral engagement in a different and more fundamental way as well: It erodes their sense of civic duty to vote in elections. Yet, a relation between corruption and civic duty and a mediation effect of the attitude remains empirically untested. This article examines empirically whether perceived corruption and sense of civic duty are correlated, as well as whether civic duty mediates the relation between perceived corruption and turnout. It does so with the pooled Making Electoral Democracy Work data, as these data contain measures on individuals’ sense of civic duty to vote in four election levels, namely, national, regional, European, and municipal elections, as well as on their perception of corruption in each of these government levels, and on their participation in these four election levels as well. I find a weak relation between perceived corruption and civic duty, and a low mediation effect of the attitude (compared with rational factors), irrespective of the election level.     

Quality challenger emergence under the top-two primary: Comparing one-party and two-party general election contests

Prior research finds that the emergence of a quality challenger is one of the most important factors predicting whether incumbents will be vulnerable. Reformers in California and Washington envisioned that the top-two primary reform would increase electoral competition by allowing for general election contests that feature two same-party candidates in safe districts. In this research note, I investigate the degree to which these expectations have been fulfilled by looking at the prevalence of quality challengers in U.S. House contests. I compare one-party and two-party general election contests, finding that incumbents are significantly more likely to face a quality challenger from the same party than from the opposite party, all else equal. In contrast, when both states used traditional primaries prior to reform, incumbents were no more likely to face a quality challenger in the primary election than in the general election. Findings reveal a key way in which the top-two primary may fulfill reformers’ expectations and complement our understanding of how electoral institutions condition challenger entry decisions.     

Exploring the Effects of North–South and South–South Research Collaboration in Emerging Economies,the Colombian Case

International research collaboration (IRC) is associated with both positive and negative effects on the performance of research in emerging economies. While some authors claim that North–South collaborations improve scientific quality and visibility for Southern countries, others claim that it may entail the reorientation of research to comply with Northern agendas. South–South collaborations are thought to increase the focus on local affairs, therefore leading to a relatively small number of scientific international publications appearing in “high quality” journals. Research on the impact of IRC beyond publications in international journals has been neglected despite the importance of other products in knowledge creation. This research uses a broad range of scientific outputs to empirically assess such assumptions and explore the outcomes of IRC in Colombia. Results from multivariate regressions and nonparametric analyses show that, contrary to common assumptions, Colombian research teams collaborating with partners from the global South report higher scientific production, while those collaborating with Northern countries seem to contribute to local knowledge the most.     

Transcending Thatcherism? Ideology and the Conservative Party Leadership Mandate of David Cameron

This paper examines the voting motivations of Conservative parliamentarians in the final parliamentary ballot of the Conservative Party leadership election of 2005. By constructing a data set of the voting behaviour of Conservative parliamentarians in the final parliamentary party ballot, and by determining the ideological disposition of the 2005 PCP this paper examines the ideological disposition of the candidates' vis-à-vis their electorate. The paper identifies the increasing Thatcherite nature of the PCP across three dominant ideological divides of contemporary British Conservatism-economic, European, and social, sexual and moral policy. Through such an analysis the paper demonstrates how the modernising David Cameron, who came first in the final parliamentary ballot and then won the membership ballot, transcended the traditional ideological voting motivations of candidates' vis-à-vis their electorate. Most significantly, the paper demonstrates that the European ideological policy divide was not a factor in the succession contest, unlike the succession contests of 1990, 1997 and 2001.     

An analysis of budget compliance measurement in South African local government best‐practice financial management technical assistance programs, 2001—2003

South Africa's local government financial management best‐practice technical assistance program (known as MFMTAP) was to reform municipal financial management; achieve credible, realistic budgets and prevent financial failure. We consider whether a budget compliance procedure, developed by National Treasury (NT) to measure funding requirements compliance with the Municipal Finance Management Act (MFMA) focusing on ‘realistic’ revenue budgeting, improves our understanding of technical assistance effectiveness. We assess a metropolitan municipality's compliance before, during and after advisory assistance. The compliance procedure was robust. Potential exists for wider application to assess best‐practice technical assistance (BPTA) program financial reform effectiveness. The findings from this single, important sample suggest that MFMA funding requirements are not being sustained 4 years after MFMTAP commencement, attributable to either BPTA performance or termination effects. We conclude that MFMA financial performance can be assessed by the procedure, from analysis of the metropolitan municipality performance assisted by a BPTA advisor for approximately 3 years. The analysis raises questions about BPTA program reform sustainability, but we add the caveat that conclusions cannot be drawn from a single sample metropolitan municipality, but a larger sample need be used for further methodology development to confirm its efficacy. Copyright © 2009 John Wiley & Sons, Ltd.     

‘Making democracy a reality’? The politics of decentralisation and the limits to local democracy in Ghana

Through a case study of Ghana, this article focuses on the relationship between decentralisation and local democracy. The Ghanaian constitution emphasises decentralisation as the key means to ‘making democracy a reality’, reflecting the view common amongst international development agencies that decentralisation enhances local democracy and leads to more responsive government. This article questions such views and investigates whether decentralisation in Ghana has led to increased political participation at the local level and to downwardly accountable local government. Empirical findings are two-fold. On the one hand, relatively high levels of participation in local democratic processes are indicated. On the other, accountability mechanisms have not been strengthened, with a number of limitations and shortcomings identified at local level that undermine citizens’ attempts to hold local government and their elected representatives to account. Yet, in seeking to explain this delinkage between participation and accountability, such local issues do not provide a full explanation. Attention is thus refocused on the national context, where structural obstacles to devolved government are identified in the form of legal, political, administrative and fiscal constraints. Such obstacles are not easily overcome, however, due to the politics of decentralisation, notably central government's reluctance to relinquish control over its powers. Recent proposals for reform in Ghana's decentralisation system are considered, but political change is unlikely given the built-in advantages to the ruling party, whichever is in power. Without such reforms, though, local democracy is likely to remain more appearance than reality.     

Unlocking from Community Stakeholders,Corporate Social Responsibility (CSR) projects for effective Company–Community relationship

Abstract

Conflicts in mining fields that revolve around the type and perceived impact of CSR projects seem to be daunting to solve. Such conflicts emerge from misconceptions among community stakeholders’ that lead to a failed company–community relationship. This inimical situation threatens peace, security, lives, and properties at the community level. To resolve the company–community conflicts, it is important to minimize the misconception among community stakeholders’ by identifying their preferences of CSR projects. However, the challenge of identifying these projects in mining fields is yet to be fully explored and understood. The aim of this paper is to identify community stakeholders’ topmost preferences of CSR projects for an effective company–community relationship and propose a path for community engagement. A sample of 604 respondents comprising community leaders’ and local residents’ from three regions which host Gold Mining Firms with level ‘A’ membership from the Ghana Chamber of Mines were drawn for this study. Using a questionnaire made up of close and open ended questions, a survey was conducted. With SPSS 16.0, the data on the close ended questions were analyzed with ranking and factor analyses while the open ended were drawn into teams to support the former. The results of the ranking analysis show that different group of stakeholders’ had a different preference for CSR projects. The factor analysis revealed that for effective company–community relationship both stakeholders’ preferred a Streamline Social Intervention and Improve Stakeholder Economic related CSR projects. Base on these findings, the study recommends that Mining firms’ should give maximum consideration to projects that seek the welfare of both stakeholders’ and have equal engagement with all stakeholders’. Also, managing expectations before, during and after mining should be a shared responsibility of all the stakeholders’.