Has the euro sustainably increased home price co‐movement?

A low level of co‐movement between different euro country housing markets creates difficulties for the ECB in setting monetary policy. Such co‐movement across eurozone countries has been the subject of a number of studies, using different methodologies and finding mixed results. In this study, we use endogenous break methods to explicitly test for whether the introduction of the euro has changed home value co‐movement. We also employ informal correlation analysis. Endogenous break results indicate no sustainable increase in co‐movement attributable to the euro, whereas correlation analysis is suggestive of a decrease in synchronization since the currency's introduction.     

“You Cannot Trade What Is Not Yours”: Indigenous Governance and the NAFTA Negotiations

ABSTRACT

Contemporary International Relations scholars and practitioners generally recognize that substate governments affect the state’s international affairs; however, there is less acceptance of Indigenous governments as global actors that meaningfully impact the state. After all, the expectation would be that central governments, with considerably more resources and power, would be unlikely to face a challenge from an Indigenous government. However, Indigenous governments are negotiating new relationships with foreign and domestic governments, forming economic development corporations, hiring private firms to raise capital, funding trade missions, and even opening offices in key international locales such as Beijing to engage in trade promotion and push investment opportunities in projects such as resource extraction. Applying paradiplomacy theory, which argues that International Relations cannot be properly explained absent the global affairs of substate governments, this article analyzes the effect of Indigenous peoples and governance in the Canada–US trade relationship. It specifically considers how Indigenous engagement in the global economy affects the bilateral trade regime, foreign direct investment, and cross-border trade. The driver for these analysis centers on demands for the inclusion of a so-called “Indigenous chapter” in the North American Free Trade Agreement renegotiations in 2017 and 2018.     

Reforming China’s polar science and technology system

ABSTRACT

Along with its modernization process, China has developed many interests in polar ecology and has connected the significance of the Antarctic and Arctic to its national interests. We present an in-depth analysis and assessment of the state of the art of China’s polar research from following points of view, mechanism of policy making on polar affairs, science diplomacy and polar governance, on-spot research expedition management, allocation of scientific funds, forming polar scientific team, especially on the management system of CHINARE. From an integrated perspective of social and natural sciences, we present a vision for future reform and development of polar affairs of China: to establish a macro and long term policy for the polar regions, to promote and establish a government-led, diversified polar scientific management system, to establish a reasonable and rule based evaluation system, to train, stabilize and expand polar scientific research teams, and to attract and encourage talents for polar science communication.     

‘What They Need is Management’: American NGOs,the Second Seven Year Plan and Economic Development in Iran, 1954–1963

Following the August 1953 coup d'etat, the government of Mohammed Reza Pahlavi in Iran embarked upon an economic development program. While financial backing for the program came from the Anglo-American oil companies running Iran's oil industry, Iran's semi-independent Plan Organization and its administrator Abu'l-?asan Ebtehāj turned to American non-governmental organizations for administrative expertise, in order to turn Iran's oil power into economic improvements and a basis for the regime's lasting stability. The work of these organizations was hampered by internal disagreements and divisions, discontent among Iranians over the foreign infiltration of their development program, and skepticism from the US government regarding the capacity of Iran to accomplish an integrated development effort on such a scale. Such feelings were influenced by cultural prejudices and perceptions of Iranians as corrupt and incompetent. Ultimately American non-government organizations were pushed out by the shah who seized control over Iran's development during the 1963 White Revolution. The course of Iran's Second Seven Year Plan illustrate how Western technical and administrative ‘know-how’ were tied to the efforts harnessing new oil wealth, and how the relationship between American and Iranian developmentalists was undone by politics, prejudice and opposing view of how progress could come from petroleum.