The following NBER Working Papers were released in electronic format this week. Abbreviations in parentheses refer to NBER Research Programs. (visit http://www.nber.org/programs for Program information.)
1. Generalized Compensation Principle by Aleh Tsyvinski, Nicolas Werquin #23509 (EFG PE) http://papers.nber.org/papers/w23509?utm_campaign=ntw&utm_medium=email&utm_source=ntw
2. Estimating the Impact of Crop Diversity on Agricultural Productivity in South Africa by Cecilia Bellora, Elodie Blanc, Jean-Marc Bourgeon, Eric Strobl #23496 (EEE) http://papers.nber.org/papers/w23496?utm_campaign=ntw&utm_medium=email&utm_source=ntw
3. The Economic and Social Outcomes of Refugees in the United States: Evidence from the ACS by William N. Evans, Daniel Fitzgerald #23498 (CH ED LS PE) http://papers.nber.org/papers/w23498?utm_campaign=ntw&utm_medium=email&utm_source=ntw
4. Still More On Mariel: The Role of Race by George J. Borjas #23504 (LS) http://papers.nber.org/papers/w23504?utm_campaign=ntw&utm_medium=email&utm_source=ntw
5. Using Aggregated Relational Data to Feasibly Identify Network Structure without Network Data by Emily Breza, Arun G. Chandrasekhar, Tyler H. McCormick, Mengjie Pan #23491 (DEV IO PR LS) http://papers.nber.org/papers/w23491?utm_campaign=ntw&utm_medium=email&utm_source=ntw
6. The Effects of Scientists and Engineers on Productivity and Earnings at the Establishment Where They Work by Erling Barth, James C. Davis, Richard B. Freeman, Andrew J. Wang #23484 (LS PR) http://papers.nber.org/papers/w23484?utm_campaign=ntw&utm_medium=email&utm_source=ntw
7. Estimating the Recession-Mortality Relationship when Migration Matters by Vellore Arthi, Brian Beach, W. Walker Hanlon #23507 (DAE HE LS) http://papers.nber.org/papers/w23507?utm_campaign=ntw&utm_medium=email&utm_source=ntw
8. Polls, the Press, and Political Participation: The Effects of Anticipated Election Closeness on Voter Turnout by Leonardo Bursztyn, Davide Cantoni, Patricia Funk, Noam Yuchtman #23490 (POL) http://papers.nber.org/papers/w23490?utm_campaign=ntw&utm_medium=email&utm_source=ntw
9. Social Security and Saving: An Update by Sita Slavov, Devon Gorry, Aspen Gorry, Frank N. Caliendo #23506 (AG PE) http://papers.nber.org/papers/w23506?utm_campaign=ntw&utm_medium=email&utm_source=ntw
10. When Inequality Matters for Macro and Macro Matters for Inequality by SeHyoun Ahn, Greg Kaplan, Benjamin Moll, Thomas Winberry, Christian Wolf #23494 (AP EFG IFM IO ITI LS ME TWP) http://papers.nber.org/papers/w23494?utm_campaign=ntw&utm_medium=email&utm_source=ntw
11. Willingness to Pay for Low Water Footprint Food Choices During Drought by Hannah Krovetz, Rebecca Taylor, Sofia Villas-Boas #23495 (EEE IO) http://papers.nber.org/papers/w23495?utm_campaign=ntw&utm_medium=email&utm_source=ntw
12. Trade Induced Structural Change and the Skill Premium by Javier Cravino, Sebastian Sotelo #23503 (IFM ITI LS) http://papers.nber.org/papers/w23503?utm_campaign=ntw&utm_medium=email&utm_source=ntw
13. Planning for Retirement? The Importance of Time Preferences by Robert L. Clark, Robert G. Hammond, Christelle Khalaf, Melinda Sandler Morrill #23501 (AG) http://papers.nber.org/papers/w23501?utm_campaign=ntw&utm_medium=email&utm_source=ntw
14. Cyclical Job Ladders by Firm Size and Firm Wage by John Haltiwanger, Henry Hyatt, Lisa B. Kahn, Erika McEntarfer #23485 (EFG LS) http://papers.nber.org/papers/w23485?utm_campaign=ntw&utm_medium=email&utm_source=ntw
15. General Equilibrium Trade Modelling with Canada-US Transportation Costs by Chuantian He, Chunding Li, John Whalley #23500 (ITI) http://papers.nber.org/papers/w23500?utm_campaign=ntw&utm_medium=email&utm_source=ntw
16. What is the Business of Business? by Andreas Nilsson, David T. Robinson #23505 (CF PR) http://papers.nber.org/papers/w23505?utm_campaign=ntw&utm_medium=email&utm_source=ntw
17. The Value of Mandating Maternal Education in a Developing Country by Bahadir Dursun, Resul Cesur, Inas Rashad Kelly #23492 (CH ED HE) http://papers.nber.org/papers/w23492?utm_campaign=ntw&utm_medium=email&utm_source=ntw
18. How Did China’s WTO Entry Benefit U.S. Consumers? by Mary Amiti, Mi Dai, Robert C. Feenstra, John Romalis #23487 (ITI) http://papers.nber.org/papers/w23487?utm_campaign=ntw&utm_medium=email&utm_source=ntw
19. Kinship Systems, Cooperation and the Evolution of Culture by Benjamin Enke #23499 (POL) http://papers.nber.org/papers/w23499?utm_campaign=ntw&utm_medium=email&utm_source=ntw
20. Reducing Inequality Through Dynamic Complementarity: Evidence from Head Start and Public School Spending by Rucker C. Johnson, C. Kirabo Jackson #23489 (CH ED LS PE) http://papers.nber.org/papers/w23489?utm_campaign=ntw&utm_medium=email&utm_source=ntw
21. Dynamics of Housing Debt in the Recent Boom and Great Recession by Manuel Adelino, Antoinette Schoar, Felipe Severino #23502 (AP CF) http://papers.nber.org/papers/w23502?utm_campaign=ntw&utm_medium=email&utm_source=ntw
22. Maimonides Rule Redux by Joshua D. Angrist, Victor Lavy, Jetson Leder-Luis, Adi Shany #23486 (CH DEV ED LS) http://papers.nber.org/papers/w23486?utm_campaign=ntw&utm_medium=email&utm_source=ntw
23. Money and Politics: The Effects of Campaign Spending Limits on Political Competition and Incumbency Advantage by Eric Avis, Claudio Ferraz, Frederico Finan, Carlos Varjao #23508 (DEV POL) http://papers.nber.org/papers/w23508?utm_campaign=ntw&utm_medium=email&utm_source=ntw
24. Corporate Liquidity, Acquisitions, and Macroeconomic Conditions by Isil Erel, Yeejin Jang, Bernadette A. Minton, Michael S. Weisbach #23493 (AP CF) http://papers.nber.org/papers/w23493?utm_campaign=ntw&utm_medium=email&utm_source=ntw
25. The Digital Privacy Paradox: Small Money, Small Costs, Small Talk by Susan Athey, Christian Catalini, Catherine Tucker #23488 (PR) http://papers.nber.org/papers/w23488?utm_campaign=ntw&utm_medium=email&utm_source=ntw
Elms, Deborah Kay Nguyen, Minh Hue
ADB Institute WP – 746, 2017
Trans-Pacific Partnership members have successfully created a trade agreement with digital trade provisions that go beyond existing arrangements.
Digital trade is upending the way consumers and companies do business. Digital trade and e-commerce have become major drivers of economic development by enhancing productivity and lowering costs of trade in goods. But government policies have been slow to catch up with the increasing importance of cross-border data flows and the way that domestic regulations can help or hinder trade internationally.
The first trade agreement to consider the importance of digital trade, the Trans-Pacific Partnership (TPP), introduced several new rules that deal with these critical issues. Why did seven Asia-Pacific countries (Australia, Brunei Darussalam, Japan, Malaysia, New Zealand, Singapore and Viet Nam) in the TPP with different domestic policies in place to address digital trade and e-commerce agree to follow a similar set of policies for the sector?
url – https://www.adb.org/sites/default/files/publication/321841/adbi-wp746.pdf
courtesy – ADB Institute
Economic & Political Weekly, JUNE 10, 2017, vol liI, no 23
BOOK REVIEW: Writing the First Person: Literature, History, and Autobiography in Modern Kerala by Udaya Kumar, Ranikhet and Shimla; Permanent Black, Indian Institute of Advanced Studies, Ashoka University, 2016; pp xi + 324, ₹895.
Writing the First Person is a rich, closely and densely argued, deeply engaging account of key moments in the imagining of modern individual interiorities — of the self, and its articulation, and of its shifting boundaries that determine the inner and the outer—in the late 19th and early 20th century Kerala.
Courtesy – EPW
Is globalization detrimental to financial development? Further evidence from a very large emerging economy with significant orientation towards policies
Muhammad Shahbaz, Hrushikesh Mallick, Mantu Kumar Mahalik & Shawkat Hammoudeh
Applied Economics, Pages 1-22, 12-Jun-2017
This study attempts to explore the relationship between globalization and financial development by endogenizing economic growth, population density, inflation and institutional quality for India during the period from 1971–2013. Using the more conclusivecombined cointegration method, the study provides evidence of cointegration among these variables. The long-run and short-run estimates from the ARDL model and causality tests, respectively, suggest that globalization in its all forms (political, social and economic) and its overall measure as well as inflation are detrimental to financial development, while economic growth and population density both promote financial development. Furthermore, the results also point out that institutional quality is not conducive to financial development in India, and there exists a feedback effect between financial development and inflation. Moreover, financial development is influenced by economic growth, institutional quality and population density.
courtesy – T&F