Scottish Economic Society

Mutual Outsourcing in an Equilibrium Vertical Structure We examine the endogenous choice of vertical structure under Bertrand and Cournot competition in the presence of mutual outsourcing between downstream firms. Each downstream firm requires two essenti...

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Import Competition and Housing Market: Evidence From NAFTA This paper examines the impact of the North American Free Trade Agreement (NAFTA) on U.S. housing markets by exploiting regional variation in exposure to Mexican import competition. Using a newly con...

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Scottish Journal of Political Economy: Vol 73, No 1 Click on the title to browse this issue

The @scot-j-pol-econ.bsky.social Vol. 73, No. 1, February 2026 issue is official out. #EconSky

Unconditional Cash Transfers and Maternal Labour Supply: The Case of the Two‐Child Limit in the United Kingdom I study the impact of a policy in the United Kingdom to restrict per child welfare benefits to the first two births—the Two Child Limit (‘2CL’)—on maternal labour supply. Using regression discontinui...

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Consumers' Environmental Awareness and Firms' Managerial Delegation Contracts Under Emission Tax Policies This study considers consumers' environmental awareness of polluting firms' managerial delegation contracts and compares the effects of committed and time-consistent emission tax policies. It reveals...

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Portfolio Choice With Intra‐Household Bargaining and Gender Differences in Preferences In this paper, we combine the literature on intra-household bargaining, gender differences in preferences, and social norms to understand the financial decision making of households. We derive a theo...

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From Past to Present: How Recessions Shape Job Loss Perceptions in Europe Past recessions can leave enduring marks on how individuals perceive labor market risks. Drawing on survey data from 29 European countries, this article shows that recessions experienced between ages...

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Local Protectionism and Firms' ESG Choices: Evidence From the Judicial Independence Reform Local protectionism has been closely linked to corporate behavior. This paper exploits quasi-experimental variation from the elimination of local protectionism through China's 2014 judicial reform to...

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A Consideration of Fiscal Targetry The UK's current fiscal rules and framework are not fit for purpose. Try as they might, the rules are more “honor'd in the breach than the observance”. They have introduced an unintended incentive on....

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Internet, Inequality, and Regime Stability This study examines the link between income inequality and political instability, focusing on the moderating role of Internet penetration. Using data from over 120 countries (1996–2020), we find a co...

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Aid to Fight AIDS: An Empirical Analysis of HIV‐Specific Development Aid Effectiveness Using an excludable instrument for HIV-specific aid, we investigate its effectiveness on HIV outcomes viz., prevalence and death rates. We theorize that HIV-specific aid fills the funding gap that pr...

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The Choice of International Commodity Tax Principles Revisited: The Role of Interest Groups and Foreign Ownership This study analyzes lobbying and foreign ownership on commodity tax principles. Our model demonstrates that the optimal commodity tax rate under the destination principle is always positive, and poli...

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Does Financial Literacy Improve Life Satisfaction? Robust Evidence From Several Approaches This study examines the causal impacts of financial literacy on current and future life satisfaction. We use a cross-sectional dataset combined from two unique datasets, including the S&P's Global Fi...

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The Effects of Uncertainty on Economic Conditions Across US States: The Role of Climate Risks We analyze the impact of uncertainty on the Economic Conditions Index (ECI) of the 50 US states in a panel data set-up, over the weekly period of the 3rd week of April 1987 to the 4th week of March 2...

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British Voting Intentions and the far Reach of 9/11 This study adds to the literature on the effects of terrorism on voting behaviours. It examines the impact of the 9/11 terrorist attacks, in New York, on voting preferences in the United Kingdom, imp...

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The 2026 conference marks a particularly special occasion as we celebrate the 250th anniversary of The Wealth of Nations—a milestone in the history of economic thought!

Final call for papers for the Scottish Economic Society Annual Conference, to be held from 13–15 April 2026 at the University of Glasgow.

The deadline is 4 November 2025. #EconSky

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Scottish Journal of Political Economy: Vol 72, No 5 Click on the title to browse this issue

The @scot-j-pol-econ.bsky.social Vol. 72, No. 5, November 2025 issue is official out. #EconSky

Electricity Use of Automation or How to Tax Robots? While automation technologies replace workers in ever more tasks, robots, 3D-printers, and AI require substantial amounts of electricity. How are automation technologies affected by the price of elec...

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Industrial Structure and Economic Performance: Macroeconomic Implications of Consumption and Leisure Externalities This paper develops a monopolistic competition macroeconomic model with consumption externalities and leisure externalities, and uses it to discuss economic performance under both vertical separation...

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Scottish Journal of Political Economy: Vol 72, No 4 Click on the title to browse this issue

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Debating the Bundeswehr We use Natural Language Processing methods to analyze the part of the debates in the Bundestag, the German parliament, about the German military (Bundeswehr). Estimated local projections show that an...

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The Effect of Physical Disability on Employment The relationship between physical disability and employment is explored using microdata for older working-age women in the 2016 Irish Census of Population and historical data on the incidence of infe....

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Political Geography and Stock Market Volatility: The Role of Political Alignment Across Sentiment Regimes We study the nexus between political geography and stock market volatility by examining the interrelation between political geography and the predictive relation between the state- and aggregate-leve...

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Elite Capture or Exclusion? Insights From China's Targeted Poverty Alleviation Strategy This paper investigates the role of political elites in China's Targeted Poverty Alleviation (TPA) program using data from the 2017 Thousand-Person Hundred-Village (TPHV) survey. The findings reveal ...

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Mandatory Corporate Responsibility Regulation, Geopolitical Risk, and Firm Performance: Evidence From India This study investigates whether a mandated requirement to spend on social welfare activities amplifies the impact of Geopolitical Risk (GPR) on firm performance. To explore this question, we exploit ...

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