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Articles 1 - 13 of 13

Full-Text Articles in Social and Behavioral Sciences

Pearl District Market Study, Thomas Potiowsky, Scott Stewart Dec 2012

Pearl District Market Study, Thomas Potiowsky, Scott Stewart

Northwest Economic Research Center Publications and Reports

Economic viability assessment of the Pearl District in Portland, including descriptions of demography, industry, and office space supply and demand.


Assessing The Impact Of Cluster Policies: The Case Of The Arranjos, Lucas Figal Garone, Alessandro Maffioli, Cesar M. Rodriguez, Gonzalo Vazquez Bare, Joao Alberto Denegri Nov 2012

Assessing The Impact Of Cluster Policies: The Case Of The Arranjos, Lucas Figal Garone, Alessandro Maffioli, Cesar M. Rodriguez, Gonzalo Vazquez Bare, Joao Alberto Denegri

Economics Faculty Publications and Presentations

This paper assesses the impact of a cluster development policy in Latin America. A Local Productive Arrangement (APL) is a cluster of firms within the same territory, operating around the same activity and maintaining ties of cooperation and learning among themselves and with other stakeholders. Using firm-level data comprising information on SMEs from Brazil for the years 2002 to 2009 we apply fixed effects, matching and reweighting methods to estimate both the direct and the indirect – i.e. spillovers – causal effect of participating in APLs on a series of SMEs’ performance indicators, including level of employment, value of exports …


Using System Dynamics To Contribute To Ecological Economics, Takuro Uehara, Yoko Nagase, Wayne Wakeland Jul 2012

Using System Dynamics To Contribute To Ecological Economics, Takuro Uehara, Yoko Nagase, Wayne Wakeland

Systems Science Faculty Publications and Presentations

This paper demonstrates the usefulness of the system dynamics approach to the development of ecological economics, the study of the interactions between economic systems and ecological systems. We build and analyze an ecological economic model: an extension of a population–resource dynamics model developed by Brander and Taylor and published in American Economic Review in 1998. The focus of the present paper is on the model building and analysis to contribute to theory building rather than eliciting policy implications from the model. Hence, this is an example of model-based theory building using system dynamics. Our analysis sheds light on several problems …


System Dynamics Implementation Of A Model Of Population And Resource Dynamics With Adaptation, Takuro Uehara, Yoko Nagase, Wayne Wakeland Jun 2012

System Dynamics Implementation Of A Model Of Population And Resource Dynamics With Adaptation, Takuro Uehara, Yoko Nagase, Wayne Wakeland

Systems Science Faculty Publications and Presentations

We build and analyze a dynamic ecological economic model that incorporates endogenous innovation on input substitutability. The use of the system dynamics method allows us to depart from conventional equilibrium thinking and conduct an out-of-equilibrium (adaptation) analysis. Simulation results show that while improvement in input substitutability will expand an economy, this change alone may not improve sustainability measured by indicators such as utility-per-capita and natural resource stock. It could, however, be possible that in combination with other technological progress, improvement in input substitutability will contribute to sustainable development. Sensitivity analysis also indicates a possible complication with the use of exogenous …


Simple Ecosystem Service Valuation Can Impact National Forest Management, David E. Ervin, Gary Larsen, Craig Shinn May 2012

Simple Ecosystem Service Valuation Can Impact National Forest Management, David E. Ervin, Gary Larsen, Craig Shinn

Economics Faculty Publications and Presentations

This essay is about how a relatively simple application of the ‘new scarcity’ paradigm for non-market ecosystem services (Simpson, Toman and Ayres 2005) changed the management plan for a national forest. We identify lessons from our experience for AERE members.


Beyond Race Cards In America's Pastime: An Appreciative Reply To Findlay And Santos, Robert Muñoz May 2012

Beyond Race Cards In America's Pastime: An Appreciative Reply To Findlay And Santos, Robert Muñoz

Chicano/Latino Studies Faculty Publications and Presentations

In this reply, I salute the correction, replication, and extensions carried out by David Findlay and John Santos (2012) based on my jointly authored paper Hewitt, Muñoz, Oliver, and Regoli (2005). I expound briefly on why, even though we and they have found no statistically significant race-discrimination effect in baseball card prices, we should not be quick to diminish the role of racial thinking and racial preference—especially as the sample was restricted to Hall of Famers.


The “Impossible Trinity” Hypothesis In An Era Of Global Imbalances: Measurement And Testing, Joshua Aizenman, Menzie David Chinn, Hiro Ito Apr 2012

The “Impossible Trinity” Hypothesis In An Era Of Global Imbalances: Measurement And Testing, Joshua Aizenman, Menzie David Chinn, Hiro Ito

Economics Faculty Publications and Presentations

We outline new metrics for measuring the trilemma aspects: exchange rate flexibility, monetary independence, and capital account openness, taking into account recent substantial international reserve accumulation. Since 2000, the trilemma variables in emerging markets have converged towards intermediate levels, characterizing by managed flexibility, using sizable international reserves as a buffer while retaining some degree of monetary autonomy. We test the linearity of the trilemma, and find that the weighted sum of the three trilemma variables adds up to a constant. Thus, a rise in one trilemma variable should be traded-off with a drop of the weighted sum of the other …


Trilemma Policy Convergence Patterns And Output Volatility, Joshua Aizenman, Hiro Ito Feb 2012

Trilemma Policy Convergence Patterns And Output Volatility, Joshua Aizenman, Hiro Ito

Economics Faculty Publications and Presentations

We examine the open macroeconomic policy choices of developing economies from the perspective of the economic “trilemma” hypothesis. We construct an index of divergence of the three trilemma policy choices, and evaluate its patterns in recent decades. We find that the three dimensions of the trilemma configurations are converging towards a “middle ground” among emerging market economies -- managed exchange rate flexibility underpinned by sizable holdings of international reserves, intermediate levels of monetary independence, and controlled financial integration. Emerging market economies with more converged policy choices tend to experience smaller output volatility in the last two decades. Emerging markets with …


Veblen’S Predator And The Great Crisis, John B. Hall, Iciar Dominguez-Lacasa, Jutta Günther Jan 2012

Veblen’S Predator And The Great Crisis, John B. Hall, Iciar Dominguez-Lacasa, Jutta Günther

Economics Faculty Publications and Presentations

With this inquiry we attribute cause for the current and “Great Crisis” to Veblen’s predator. After summarizing origins and manifestations of this crisis we juxtapose Veblen’s emphasis upon the predator to other potential causes for crisis and crises. Noted to have emerged when our stock of human knowledge provided for the creation of surplus, Veblen’s predator is presented as capable of metamorphosis and also driving evolution of our capitalistic system: whether this means emerging as the businessman in the “era of the machine,” or the investment banker promoting a financial metaphysics in the current “era of finance.”


Subreption And Institutional Inquiry: Theoretical Philosophy And Evolutionary Thinking, John B. Hall, Alexander Dunlap Jan 2012

Subreption And Institutional Inquiry: Theoretical Philosophy And Evolutionary Thinking, John B. Hall, Alexander Dunlap

Economics Faculty Publications and Presentations

With this inquiry we respond to William Dugger‘s assertion that ―[s]ubreption is one of the least studied social phenomena of the twentieth century.‖ Our research seeks to fill a gap in the literature by clarifying subreption, and its origins in Philosophy to its importance in social science, and, especially, Institutional Inquiry. We conjecture that Thorstein Veblen borrows form Immanuel Kant‘s understanding of Erschleichung. In this respect, Veblen‘s understanding and use of subreption serves as conduit between its use in Roman law, through Kant‘s understanding, and on to what Veblen later introduces as an approach creatively relied upon by three other, …


Application Of An Adaptive Step-Size Algorithm In Models Of Hyperinflation, Olena Kostyshyna Jan 2012

Application Of An Adaptive Step-Size Algorithm In Models Of Hyperinflation, Olena Kostyshyna

Economics Faculty Publications and Presentations

An adaptive step-size algorithm [Kushner and Yin, Stochastic Approximation and Recursive Algorithms and Applications, 2nd ed., New York: Springer-Verlag (2003)] is used to model time-varying learning, and its performance is illustrated in the environment of Marcet and Nicolini [American Economic Review 93 (2003), 1476–1498]. The resulting model gives qualitatively similar results to those of Marcet and Nicolini, and performs quantitatively somewhat better, based on the criterion of mean squared error. The model generates increasing gain during hyperinflations and decreasing gain after hyperinflations end, which matches findings in the data. An agent using this model behaves cautiously when faced …


Contribution Of The Film & Television Industry To The Economies Of Oregon And The Portland Metropolitan Area: An Economic Impact Analysis For The Oregon Governor’S Office Of Film And Television, Jeff Renfro, Jenny H. Liu Jan 2012

Contribution Of The Film & Television Industry To The Economies Of Oregon And The Portland Metropolitan Area: An Economic Impact Analysis For The Oregon Governor’S Office Of Film And Television, Jeff Renfro, Jenny H. Liu

Northwest Economic Research Center Publications and Reports

Research report on the economic footprint of the TV and Film Industry in Oregon and the Portland Metro Area.


The Implications Of Migration Theory For Distributive Justice, Alexander Sager Jan 2012

The Implications Of Migration Theory For Distributive Justice, Alexander Sager

Philosophy Faculty Publications and Presentations

This paper explores the implications of empirical theories of migration for normative accounts of migration and distributive justice. It examines neo-classical economics, world-systems theory, dual labor market theory, and feminist approaches to migration and contends that neo-classical economic theory in isolation provides an inadequate understanding of migration. Other theories provide a fuller account of how national and global economic, political, and social institutions cause and shape migration flows by actively affecting people's opportunity sets in source countries and by admitting people according to social categories such as class and gender. These empirical theories reveal the causal impact of institutions regulating …