Stephen V Marks
Biographic Data
| ID | 5242897 |
|---|---|
| NAME | Stephen V Marks |
| GIVEN NAMES | Stephen V |
| FAMILY NAME | Marks |
| SIGNATURE | MARKS S V |
| AFFILIATIONS | Pomona College |
| ORCID | 0000-0003-1819-6411 |
| VERIFIED | Yes |
| TOTAL WORKS | 12 |
| TOTAL CITATIONS | 22 |
| AUTHOR COUNT | 12 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1993 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 3 |
Private prison stocks and the 2020 presidential election
Objective Can we gain insight into the outcomes of presidential elections, and their determinants, other than through opinion polling or prediction markets? This matters because of recent misses in polling and the contestation of the 2020 election beyond Election Day. Methods Using alternative generalized autoregressive conditional heteroskedasticity models, we conduct an event study of two U.S. private prison companies, whose valuations have dep…
Non-Tariff Trade Regulations in Indonesia: Nominal and Effective Rates of Protection
Non-tariff regulations on imports and exports have spread in Indonesia since 2011. I report findings of a study of many of these regulations, in which a variety of methods were used to estimate the associated nominal rates of protection. These findings were then used to estimate effective rates of protection (ERPs) across 140 tradable-goods sectors in the Indonesian economy in early 2015, taking into account also the effects of the most-favoured-…
The Asean–china Free Trade Agreement: Political Economy in Indonesia
The ASEAN–China Free Trade Agreement has been the most consequential trade agreement for ASEAN in the past decade. In this article, I use partial equilibrium modelling to estimate the direct impacts of the agreement on Indonesia and China, and from these estimates draw political economy implications for Indonesia. Although the agreement has contributed to a modest trade surplus for Indonesia overall, it has led to a larger bilateral deficit with …
Effective rates of protection revisited for Indonesia
This paper calculates nominal and effective rates of protection for Indonesian tradables sectors in early 2008, and compares these figures with previous calculations for 1987 and 1995. Such a review is overdue. Many non-tariff barriers to imports and exports have been abolished, though new import restraints on rice and sugar are notable exceptions to this trend. Import tariffs have been lowered, particularly through regional preferential trade ar…
Economic policies of the Habibie presidency: A retrospective
B.J. Habibie ascended to the presidency in the midst of a severe economic crisis, and with a reputation as an economic nationalist rather than reformer. Nevertheless, Habibie had the mantle of reformer thrust upon him, and important steps toward economic reform were taken during his 1998-99 presidency. Among these were reforms of domestic and foreign trade policies, the development of anti-monopoly and consumer protection laws, and the decentrali…
Proposed changes to the value added tax: Implications for tax revenue and price distortions
This paper examines changes to the value added tax (VAT) system proposed recently by the Indonesian Ministry of Finance-in particular that the exemptions for certain sectors be ended. Using the input-output relationships in the economy as a basis, it analyses the implications of these changes for tax revenue and for price distortions. It also considers other feasible changes to the VAT exemptions that could be advantageous. The paper concludes th…
Survey of recent developments
Two major factors, one internal and one external, shaped developments through the middle of 2004. The internal factor was the national election process, which led to a realignment of political power among the parties in the legislative elections in April, and offered the prospect of even greater changes in the presidential election to follow. The external factor was foreign capital, which readily flowed into Indonesia in the early months of 2004,…
Fiscal sustainability and solvency: Theory and recent experience in Indonesia
A major challenge for Indonesian economic policy makers is to avoid the recurrence of conditions that could trigger a new economic crisis. One of the important dimensions of this challenge will be to conduct fiscal policy in a way that is sustainable, given the level of interest rates and the rate of growth of the economy. This paper synthesises various approaches to the measurement of fiscal sustainability that have appeared in the economic lite…
NTT Sandalwood: Roots of Disaster
For decades the government of Nusa Tenggara Timur (NTT) province has exploited the sandalwood sector, to the detriment of the growers of the trees. Severe depletion of the stock of sandalwood in the province has been the result. This paper documents NTT policies toward the sector, which it argues have been both inefficient and inequitable, and offers a detailed approach for reform. It also examines the political economy of these policies, and arg…
Economic Effects of Taxes on Exports of Palm Oil Products
In an effort to control increases in the prices of certain tradable commodities in recent years, the Indonesian government has experimented with a variety of policy interventions. Palm oil is important both as an export commodity and for household consumption in the form of cooking oil. We examine a palm oil export tax policy that ran from September 1994 through June 1997. We find that the taxes did reduce the domestic prices of palm oil products…
International Trade in Nutmeg and Mace: Issues and Options for Indonesia
Indonesia produces more than three-quarters of the world's output of nutmeg and mace. In 1986 the government introduced export regulations that facilitated cartehsation of the market. This led to a dramatic rise in world prices. Problems such as accumulation of unsold stocks in Indonesia and smuggling of nutmeg and mace through Singapore led the government to abolish the regulations in 1990. World prices fell steeply, and since then have remained…
Economic interests and voting on the omnibus trade bill of 1987
Economic interests and voting on the omnibus trade bill of 1987
Effective rates of protection revisited for Indonesia
This paper calculates nominal and effective rates of protection for Indonesian tradables sectors in early 2008, and compares these figures with previous calculations for 1987 and 1995. Such a review is overdue. Many non-tariff barriers to imports and exports have been abolished, though new import restraints on rice and sugar are notable exceptions to this trend. Import tariffs have been lowered, particularly through regional preferential trade ar…
Non-Tariff Trade Regulations in Indonesia: Nominal and Effective Rates of Protection
Non-tariff regulations on imports and exports have spread in Indonesia since 2011. I report findings of a study of many of these regulations, in which a variety of methods were used to estimate the associated nominal rates of protection. These findings were then used to estimate effective rates of protection (ERPs) across 140 tradable-goods sectors in the Indonesian economy in early 2015, taking into account also the effects of the most-favoured-…
Proposed changes to the value added tax: Implications for tax revenue and price distortions
This paper examines changes to the value added tax (VAT) system proposed recently by the Indonesian Ministry of Finance-in particular that the exemptions for certain sectors be ended. Using the input-output relationships in the economy as a basis, it analyses the implications of these changes for tax revenue and for price distortions. It also considers other feasible changes to the VAT exemptions that could be advantageous. The paper concludes th…
Economic Effects of Taxes on Exports of Palm Oil Products
In an effort to control increases in the prices of certain tradable commodities in recent years, the Indonesian government has experimented with a variety of policy interventions. Palm oil is important both as an export commodity and for household consumption in the form of cooking oil. We examine a palm oil export tax policy that ran from September 1994 through June 1997. We find that the taxes did reduce the domestic prices of palm oil products…
NTT Sandalwood: Roots of Disaster
For decades the government of Nusa Tenggara Timur (NTT) province has exploited the sandalwood sector, to the detriment of the growers of the trees. Severe depletion of the stock of sandalwood in the province has been the result. This paper documents NTT policies toward the sector, which it argues have been both inefficient and inequitable, and offers a detailed approach for reform. It also examines the political economy of these policies, and arg…
International Trade in Nutmeg and Mace: Issues and Options for Indonesia
Indonesia produces more than three-quarters of the world's output of nutmeg and mace. In 1986 the government introduced export regulations that facilitated cartehsation of the market. This led to a dramatic rise in world prices. Problems such as accumulation of unsold stocks in Indonesia and smuggling of nutmeg and mace through Singapore led the government to abolish the regulations in 1990. World prices fell steeply, and since then have remained…
Economic interests and voting on the omnibus trade bill of 1987
International Trade in Nutmeg and Mace: Issues and Options for Indonesia
Indonesia produces more than three-quarters of the world's output of nutmeg and mace. In 1986 the government introduced export regulations that facilitated cartehsation of the market. This led to a dramatic rise in world prices. Problems such as accumulation of unsold stocks in Indonesia and smuggling of nutmeg and mace through Singapore led the government to abolish the regulations in 1990. World prices fell steeply, and since then have remained…
Economic Effects of Taxes on Exports of Palm Oil Products
In an effort to control increases in the prices of certain tradable commodities in recent years, the Indonesian government has experimented with a variety of policy interventions. Palm oil is important both as an export commodity and for household consumption in the form of cooking oil. We examine a palm oil export tax policy that ran from September 1994 through June 1997. We find that the taxes did reduce the domestic prices of palm oil products…
NTT Sandalwood: Roots of Disaster
For decades the government of Nusa Tenggara Timur (NTT) province has exploited the sandalwood sector, to the detriment of the growers of the trees. Severe depletion of the stock of sandalwood in the province has been the result. This paper documents NTT policies toward the sector, which it argues have been both inefficient and inequitable, and offers a detailed approach for reform. It also examines the political economy of these policies, and arg…
Survey of recent developments
Two major factors, one internal and one external, shaped developments through the middle of 2004. The internal factor was the national election process, which led to a realignment of political power among the parties in the legislative elections in April, and offered the prospect of even greater changes in the presidential election to follow. The external factor was foreign capital, which readily flowed into Indonesia in the early months of 2004,…
Fiscal sustainability and solvency: Theory and recent experience in Indonesia
A major challenge for Indonesian economic policy makers is to avoid the recurrence of conditions that could trigger a new economic crisis. One of the important dimensions of this challenge will be to conduct fiscal policy in a way that is sustainable, given the level of interest rates and the rate of growth of the economy. This paper synthesises various approaches to the measurement of fiscal sustainability that have appeared in the economic lite…
Proposed changes to the value added tax: Implications for tax revenue and price distortions
This paper examines changes to the value added tax (VAT) system proposed recently by the Indonesian Ministry of Finance-in particular that the exemptions for certain sectors be ended. Using the input-output relationships in the economy as a basis, it analyses the implications of these changes for tax revenue and for price distortions. It also considers other feasible changes to the VAT exemptions that could be advantageous. The paper concludes th…
Economic policies of the Habibie presidency: A retrospective
B.J. Habibie ascended to the presidency in the midst of a severe economic crisis, and with a reputation as an economic nationalist rather than reformer. Nevertheless, Habibie had the mantle of reformer thrust upon him, and important steps toward economic reform were taken during his 1998-99 presidency. Among these were reforms of domestic and foreign trade policies, the development of anti-monopoly and consumer protection laws, and the decentrali…
Effective rates of protection revisited for Indonesia
This paper calculates nominal and effective rates of protection for Indonesian tradables sectors in early 2008, and compares these figures with previous calculations for 1987 and 1995. Such a review is overdue. Many non-tariff barriers to imports and exports have been abolished, though new import restraints on rice and sugar are notable exceptions to this trend. Import tariffs have been lowered, particularly through regional preferential trade ar…
The Asean–china Free Trade Agreement: Political Economy in Indonesia
The ASEAN–China Free Trade Agreement has been the most consequential trade agreement for ASEAN in the past decade. In this article, I use partial equilibrium modelling to estimate the direct impacts of the agreement on Indonesia and China, and from these estimates draw political economy implications for Indonesia. Although the agreement has contributed to a modest trade surplus for Indonesia overall, it has led to a larger bilateral deficit with …
Non-Tariff Trade Regulations in Indonesia: Nominal and Effective Rates of Protection
Non-tariff regulations on imports and exports have spread in Indonesia since 2011. I report findings of a study of many of these regulations, in which a variety of methods were used to estimate the associated nominal rates of protection. These findings were then used to estimate effective rates of protection (ERPs) across 140 tradable-goods sectors in the Indonesian economy in early 2015, taking into account also the effects of the most-favoured-…
Private prison stocks and the 2020 presidential election
Objective Can we gain insight into the outcomes of presidential elections, and their determinants, other than through opinion polling or prediction markets? This matters because of recent misses in polling and the contestation of the 2020 election beyond Election Day. Methods Using alternative generalized autoregressive conditional heteroskedasticity models, we conduct an event study of two U.S. private prison companies, whose valuations have dep…
Economics (12 works) · Business (7 works) · International economics (6 works) · Political science (6 works) · Politics (6 works) · Global trade and economics (5 works) · Government (linguistics) (5 works) · International trade (5 works) · Law (5 works) · Indonesian (4 works)