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Daily Archives: June 13, 2017

National Bureau of Economic Research Latest Working Papers during the week of June 12, 2017

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


Courtesy: NBER

Economic and Political Weekly, Vol. 52, Issue No. 22, 03 Jun, 2017


Growth Falls

‘Holy Cow’ Politics

A Bitter Pill to Swallow

From 50 Years Ago : Putting Birlas in Their Place?

Margin Speak

Justice or Revenge in ‘Nirbhaya’ Verdict? by Anand Teltumbde

URL: http://www.epw.in/journal/2017/22

Courtesy: EPW

Co-worker networks, labour mobility and productivity growth in regions

Balázs LengyelRikard H. Eriksson

Journal of Economic Geography, Volume 17, Issue 3,  May 2017
The mobility of workers is an important source of regional dynamics, but the effect of mobility on regional productivity growth is not straightforward, as some firms tend to win while others lose from mobility. In the present paper, we argue that the co-worker networks across plants that are established by labour moves are important for both local learning opportunities and job matching quality and should hence facilitate regional growth. We therefore propose a new homophily-biased perspective on co-worker network creation and show that it suits geographical analyses better than random networks do. Moreover, panel vector autoregression models provide systematic evidence that an increase in co-worker network density is positively related to regional productivity growth. This is found to be important even when only ties across plants that are not directly linked by labour mobility are included.
Courtesy: OUP

American Journal of Agricultural Economics, Volume 99, Issue 3 April 2017


Listing and Delisting Thresholds under the Endangered Species Act  by Charles SimsDavid FinnoffAlan HastingsJacob Hochard

Quality Information and Procurement Auction Outcomes: Evidence from a Payment for Ecosystem Services Laboratory Experiment  by Marc N. ConteRobert M. Griffin

Impacts of Federal Crop Insurance on Land Use and Environmental Quality  by Roger ClaassenChristian LangpapJunJie Wu

The Effects of Development Constraints on Forest Management at the Urban-Forest Interface  by Maria A. Cunha-e-SáSofia F. Franco

Retail Intermediation and Local Foods  by Timothy J. RichardsStephen F. HamiltonMiguel GomezElliot Rabinovich

Markets, Transportation Infrastructure, and Food Prices in Nepal  by Gerald ShivelyGanesh Thapa

Market Institutions and Price Relationships: The Case of Coffee in the Ethiopian Commodity Exchange  by Manuel A. HernandezShahidur RashidSolomon LemmaTadesse Kuma

The Political Economy of Fertilizer Subsidy Programs in Africa: Evidence from Zambia  by Nicole M. MasonThomas S. JayneNicolas van de Walle

Rationality of Choices in Subsidized Crop Insurance Markets  by Xiaodong DuHongli FengDavid A. Hennessy

Efficiency Impacts of Utilizing Soil Data in the Pricing of the Federal Crop Insurance Program  by Joshua D. WoodardLeslie J. Verteramo-Chiu

“Decoupled” Farm Program Payments are Really Decoupled: The Theory  by Robert G. ChambersDaniel C. Voica

Subsidies and Technical Efficiency in Agriculture: Evidence from European Dairy Farms  by Laure LatruffeBoris E. Bravo-UretaAlain CarpentierYann DesjeuxVíctor H. Moreira

Testing for Specification Bias with a Flexible Fourier Transform Model for Crop Yields  by Joseph CooperA. Nam TranSteven Wallander

Courtesy: Oxford Journals

Trans-Pacific Partnership Rules for Digital Trade in Asia

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

Modern Kerala in First Person

J. Devika
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.

See more at: http://www.epw.in/journal/2017/23/book-reviews/modern-kerala-first-person.html#sthash.L5ru0je3.dpuf

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.

url- http://dx.doi.org/10.1080/00036846.2017.1324615
courtesy – T&F