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Multiple Pollutants, Co-Benefits, And Suboptimal Environmental Policies, Don Fullerton, Daniel Karney 2017 University of Illinois at Urbana-Champaign

Multiple Pollutants, Co-Benefits, And Suboptimal Environmental Policies, Don Fullerton, Daniel Karney

Don Fullerton

In our analytical general equilibrium model, polluting inputs can be substitutes or complements. We study a tax increase on one pollutant where the other faces a tax or permit policy. Our solutions highlight key parameters and welfare effects with gains from abatement plus positive or negative co-benefits from other pollutants in the covered and uncovered sectors. We demonstrate several ways taxes and permits differ. First, the change in taxed pollutant depends on whether the other pollutant faces a tax or permit policy. Also, only with a tax on the other pollutant can a co-benefit arise. The sign of co-benefits depends ...


Not Too Salt-Y: The Disparate Federal Income Tax Treatment Of Business And Non-Business State And Local Taxes, Michael S. Knoll 2017 University of Pennsylvania Law School

Not Too Salt-Y: The Disparate Federal Income Tax Treatment Of Business And Non-Business State And Local Taxes, Michael S. Knoll

Faculty Scholarship

The Tax Cuts and Jobs Act, H.R. 1, would eliminate the federal income tax deduction for nonbusiness state and local taxes while maintaining the deduction for business state and local taxes. That disparate treatment has generated a storm of negative commentary. In this short essay, I consider whether the federal tax law should allow a deduction for business state and local taxes assuming that there is no deduction for nonbusiness state and local taxes. I argue that investors and businesses, including pass-through businesses, should be allowed to deduct state and local property and sales taxes, but not general income ...


Urban Rail Transit Ppps: Lessons From East Asian Cities, Zheng CHANG, Sock Yong PHANG 2017 Singapore Management University

Urban Rail Transit Ppps: Lessons From East Asian Cities, Zheng Chang, Sock Yong Phang

Research Collection School Of Economics

Private sector participation in urban rail transit has proliferated in the past two decades. The large metropolises of East Asia have had decades of experience with private sector participation in the provision of heavy metro services. The design of these public–private partnerships (PPP) are varied. The diverse experiences of Tokyo, Hong Kong, Singapore and Beijing contain valuable lessons for other cities. Using a case study approach, this paper discusses three features of urban rail transitdevelopments in the context of East Asian cities, viz., farebox recovery, land value capture mechanisms, and vertical structure of the industry. Super vertical integration between ...


Urban Rail Transit Ppps: Lessons From East Asian Cities, S Y Phang 2017 Singapore Management University

Urban Rail Transit Ppps: Lessons From East Asian Cities, S Y Phang

PHANG Sock Yong

Private sector participation in urban rail transit has proliferated in the past two decades. The large metropolises of East Asia have had decades of experience with private sector participation in the provision of heavy metro services. The design of these public-private partnerships (PPP) are varied. The diverse experiences of Tokyo, Hong Kong, Singapore and Beijing contain valuable lessons for other cities. Using a case study approach, this paper discusses three features of urban rail transit developments in the context of East Asian cities, viz., farebox recovery, land value capture mechanisms, and vertical structure of the industry. Super vertical integration between ...


Impact Of Published Articles On Trade Liberalization From 1980-2015: A Bibliometric Study, Murtala Muhammad, Nader Ale Ebrahim, Gold Kafilah Lola, Abubakar Ahmed 2017 university of Malaya

Impact Of Published Articles On Trade Liberalization From 1980-2015: A Bibliometric Study, Murtala Muhammad, Nader Ale Ebrahim, Gold Kafilah Lola, Abubakar Ahmed

Nader Ale Ebrahim

In this research, the viable impact of scholarly research on trade liberalisation by a bibliometric approach from 1980-2015 is examined. The paper analysed 886 academic articles extracted from the ISI Web of Science Core Collection database. Trade liberalisation research is notably interdisciplinary, with articles principally in journals for economics, international relations, and planning development. This study found that the field became evidently viable with more than ten articles per year from 1990 – 2015. The proportion of articles with at least one citation from 1980 – 2015 is 56.43%. The top 100 articles have a minimum of 25 citations. Given this ...


Nebraska Monthly Economic Indicators: September 20, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Monthly Economic Indicators: September 20, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.38% during August of 2017. The decline in the LEI-N, which is designed to predict economic activity six months into the future, suggests that the Nebraska economy will grow slowly during the first few months of 2018. The drop in the indicator was primarily due to a decline in manufacturing hours-worked during August. Building permits for single-family homes and airline passenger enplanements also dropped slightly. There were two positive components of the LEI-N. Businesses responding to the August Survey of Nebraska Business reported plans to increase sales and employment over ...


School Resources And Student Outcomes: Evidence From The State Of Illinois, Alyssa Cooper 2017 Illinois State University

School Resources And Student Outcomes: Evidence From The State Of Illinois, Alyssa Cooper

Stevenson Center for Community and Economic Development

Literature on the subject of school resources and student outcomes tends to find that there is a positive relationship between both variables. Most literature uses per-pupil spending (PPS) or teacher salaries as a measure of school resources. While I have modeled both in my paper, my focus in this paper is on per-pupil spending. Using data from the Illinois State Board of Education from 2006-2016 and measuring student outcomes through average ACT scores, operational PPS is found to be insignificant, whereas instructional PPS is found to be positive and significant at the 5% level. Estimates suggest that a 1 standard ...


The New American Slavery: Capitalism And The Ghettoization Of American Prisons As A Profitable Corporate Business, David A. Liburd 2017 The Graduate Center, City University of New York

The New American Slavery: Capitalism And The Ghettoization Of American Prisons As A Profitable Corporate Business, David A. Liburd

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

The labor of enslaved Africans and Black Americans played a large part in the history of colonial America, with the American plantation being the epicenter for all that was to be produced. While the two have never been completely tied together, capitalism and modern day slavery have been linked with one another. Some analysis sees slavery as a remote form of capitalism, a substitute, to an antiquated form of labor in the modern world.

Slave plantations adopted a new concentration in size and management, referred to by W.E. DuBois as a change "from a family institution to an industrial ...


Nebraska Business And Consumer Confidence Indexes: September 1, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Business And Consumer Confidence Indexes: September 1, 2017, Eric Thompson

Leading Economic Indicator Reports

Nebraska’s consumer and business confidence fell during August. The Consumer Confidence Index – Nebraska (CCI-N) stood at 100.9 in August, below the reading of 102.5 from July. Notably, the CCI-N remained above the neutral value of 100.0 during August. The outlook of Nebraska businesses remained strong. The Business Confidence Index – Nebraska (BCI-N) stood at 104.2 in August, close to the value of 105.1 during July, and well above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 35 percent of business respondents. Businesses ...


The Repo Channel Of Cross-Border Lending In The European Sovereign Debt Crisis, Jaime Luque 2017 University of Wisconsin - Madison

The Repo Channel Of Cross-Border Lending In The European Sovereign Debt Crisis, Jaime Luque

Jaime Luque

The question is to understand how repo funding and leverage induce banks to reallocate credit by geography and asset type.


Equilibrium In Fx Swap Markets: Funding Pressures And The Cross-Currency Basis, Jean-Marc Bottazzi, Jaime Luque, Mario Pascoa 2017 University of Wisconsin-Madison

Equilibrium In Fx Swap Markets: Funding Pressures And The Cross-Currency Basis, Jean-Marc Bottazzi, Jaime Luque, Mario Pascoa

Jaime Luque

    Departure from Covered Interest Parity (CIP), known as the cross currency basis, is not just a staple of crises: it can build up slowly and persist. Some bases exacerbated in 2008 and have not gone away since then. To understand this new normality, we turn the CIP logic on its head. We look at the Foreign Exchange (FX) swap market as the very market where scarce funding capacities are exchanged; the basis becomes an equilibrium outcome that compensates one of the parties for the temporary loss in the possession of one the currencies. Ultimately, the counterparty's funding pressure in ...


Nebraska Monthly Economic Indicators: August 23, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Monthly Economic Indicators: August 23, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 0.56% during July of 2017. The increase in the LEI-N, which is designed to predict economic activity six months into the future, suggests that the Nebraska economy will grow through the first month of 2018. Four components of the indicator improved during July. Business expectations were solid and manufacturing hours grew. The value of the U.S. dollar continued its recent decline, a positive sign for Nebraska’s export-oriented businesses. Further, in a positive sign for the labor market, there also was a drop in initial claims for unemployment insurance ...


Decentralization Without Democracy, Katrina Kosec, Tewodaj Mogues 2017 International Food Policy Research Institute

Decentralization Without Democracy, Katrina Kosec, Tewodaj Mogues

Katrina Kosec

Decentralization has been predominantly studied in democracies. We present a theory of decentralization's effects on public goods provision under autocracy yielding novel predictions. Decentralization improves productive services that  directly raise citizen's incomes (which are taxed), but not social services that increase incomes less but contribute to other dimensions of well-being. The center incentivizes local policymakers by sharing tax revenue. However, social services do not deteriorate; productive services improvements are instead financed with efficiency improvements from having more knowledgeable policymakers making decisions. We test the model in Ethiopia, exploiting a natural experiment in which government implemented fiscal and administrative ...


Nebraska Business And Consumer Confidence Indexes: August 4, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Business And Consumer Confidence Indexes: August 4, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer and business confidence remained strong in Nebraska during July but fell from June levels. The Consumer Confidence Index – Nebraska (CCI-N) stood at 102.5 in July after a reading of 104.7 during June. Despite the decline of 2.2, the CCI-N remained above the neutral value of 100.0, indicating strong consumer confidence. The outlook of Nebraska businesses also was strong. The Business Confidence Index – Nebraska (BCI-N) fell to 105.1 in July from 109.2 in June. The BCI-N remained well above the neutral value in July, despite the 4.1 point decline, which indicates that business ...


A Cross-Sectional Exploration Of Household Financial Reactions And Homebuyer Awareness Of Registered Sex Offenders In A Rural, Suburban, And Urban County., John Charles Navarro 2017 University of Louisville

A Cross-Sectional Exploration Of Household Financial Reactions And Homebuyer Awareness Of Registered Sex Offenders In A Rural, Suburban, And Urban County., John Charles Navarro

Electronic Theses and Dissertations

As stigmatized persons, registered sex offenders betoken instability in communities. Depressed home sale values are associated with the presence of registered sex offenders even though the public is largely unaware of the presence of registered sex offenders. Using a spatial multilevel approach, the current study examines the role registered sex offenders influence sale values of homes sold in 2015 for three U.S. counties (rural, suburban, and urban) located in Illinois and Kentucky within the social disorganization framework. Homebuyers were surveyed to examine whether awareness of local registered sex offenders and the homebuyer’s community type operate as moderators between ...


Experimental Economics, Elizabeth Hoffman 2017 Iowa State University

Experimental Economics, Elizabeth Hoffman

Elizabeth Hoffman

"Experimental economics" is a general term for the experimental laboratory approach to studying economic institutions. Most applied economists study economic institutions by observing the way in which they operate in the naturally occurring environment and by measuring such economic variables as the prices of good sand services, the quantities of goods and services that are bought and sold, the wages that are paid to workers, and the quantities of inputs and outputs in the production of goods and services.


Nebraska Monthly Economic Indicators: July 26, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Monthly Economic Indicators: July 26, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 2.75% during June of 2017. The rapid increase in the LEI-N indicates that the Nebraska economy will grow quickly at the end of 2017. All components of the indicator rose during June. Business expectations were strong while the value of the U.S. dollar fell, a positive sign for Nebraska’s export-oriented businesses. There also was a sharp increase in building permits for single-family homes during the month.


Nebraska Business And Consumer Confidence Indexes: July 7, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Business And Consumer Confidence Indexes: July 7, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer confidence rose sharply in Nebraska during June 2017 while business confidence remained very strong. The Consumer Confidence Index – Nebraska (CCI-N) stood at 100.4 in May but rose to 104.7 during June, which is well above the neutral value of 100.0. The outlook of Nebraska businesses remained very strong. The Business Confidence Index – Nebraska (BCI-N) fell to 109.2 in June, well above the neutral value and just below its May value of 110.2. Business confidence has been very strong in Nebraska throughout the first half of 2017. When asked about the most important issue facing ...


Investor Valuations Of Japan's Adoption Of A Territorial Tax Regime: Quantifying The Direct And Competitive Effects Of International Tax Reform, Sebastien J. Bradley, Estelle Dauchy, Makoto Hasegawa 2017 Drexel University

Investor Valuations Of Japan's Adoption Of A Territorial Tax Regime: Quantifying The Direct And Competitive Effects Of International Tax Reform, Sebastien J. Bradley, Estelle Dauchy, Makoto Hasegawa

Sebastien J Bradley

Despite an extensive literature on the normative implications of different international tax regimes and an empirical literature addressing individual specific predictions, there exists little evidence encompassing the broad range of effects of taxing corporations' foreign-source income on a worldwide or territorial basis. This paper takes a more comprehensive quantitative approach by examining stock market reactions surrounding four events over the course of which Japan's 2009 adoption of a dividend exemption system was developed into proposed law. Using an event study methodology which leverages individual firm characteristics and accounts for contemporaneous financial market developments, we find that Japanese firms with ...


The Epa's Air Quality Index, And Public Transportation Usage In The Chicago Metro Region, Nicholas R. Rosenberg 2017 Colby College

The Epa's Air Quality Index, And Public Transportation Usage In The Chicago Metro Region, Nicholas R. Rosenberg

Journal of Environmental and Resource Economics at Colby

This paper assesses whether air quality influences public transportation ridership in the city of Chicago. Urban air pollution is a serious health risk, and a priority of urban municipalities. Public transportation is an attractive option for governments attempting to curb urban air emissions. I use data from the Chicago Transit Authority (CTA) and the EPA’s Air Quality Index (AQI) to explore the relationship between a day’s air quality and CTA ridership. I employ three different model specifications, rail, bus and total ridership, to test whether high AQI values (poor air quality) result in increased public transportation ridership in ...


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