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Wage Inequality In The Manufacturing Sector Of The Mexico And Its Regions, According To The Trade Opening, 2005-2015, Reyna E. Rodríguez Pérez, Vicente German-Soto, Crhistian Joel González Cuatianquis 2016 Universidad Autónoma de Coahuila

Wage Inequality In The Manufacturing Sector Of The Mexico And Its Regions, According To The Trade Opening, 2005-2015, Reyna E. Rodríguez Pérez, Vicente German-Soto, Crhistian Joel González Cuatianquis

Vicente German-Soto

This paper analyzes the evolution of wage inequality in the manufacturing sector of the regions of Mexico, according to the grade of exposition to trade opening. The methodology consists in measuring the wage inequality through the Theil index decomposition; it is calculated from data of the Survey of Occupation and Employment (ENOE) 2005 and 2015. The results indicate that wage inequality has decreased in Mexico and in its regions by 2015, especially in those areas with low exposition to trade opening. The gap decomposition shows that the intra-part is the principal source of inequality, which is higher in the sex-classification ...


Walras' Law, Pareto Efficiency, And Intermediation In Overlapping Generations Economies, Mark Pingle, Leigh Tesfatsion 2016 Iowa State University

Walras' Law, Pareto Efficiency, And Intermediation In Overlapping Generations Economies, Mark Pingle, Leigh Tesfatsion

Leigh Tesfatsion

Aiyagari (1992) demonstrates a connection between the failure of Walras' Law and nonoptimal equilibria for a version of the pure-exchange overlapping generations (OG) econ omy first studied by Samuelson (1958). The significant implication ofWalras' Law in finite economies, given all prices are positive and all consumers are locally nonsatiated, is that an excess supply (in value terms) cannot exist for some subset of goods without an excess demand (in value terms) existing forsome othersubset ofgoods. Aiyagari defines the failure of Walras' Law as a situation in which this implication of Walras' Law does not hold. His basic and interesting result ...


Europe 1992: Economic Implications For Asia, David Lim 2016 Technological and Higher Education Institute of Hong Kong, Vocational Training Council

Europe 1992: Economic Implications For Asia, David Lim

Prof. David Lim

The European Economic Community (EEC) was formed in 1957 with the signing of the Treaty of Rome. This brought together six countries (Belgium, France, West Germany, Italy, Luxemberg and the Netherlands) which were involved in the conflict of the Second World War. The Impetus for the establishment of the EEC was political but the economic gains from the operation of the scheme, popularly known as the Common Market, were so significant that eventually the original membership of six was doubled to include Denmark, Greece, Ireland, Portugal, Spain and the United Kingdom. The so-called Europe 1992 Project aims to bring about ...


Political Bargaining And Cartelization In The New Deal: Orange Marketing Orders, Elizabeth Hoffman, Gary D. Libecap 2016 Iowa State University

Political Bargaining And Cartelization In The New Deal: Orange Marketing Orders, Elizabeth Hoffman, Gary D. Libecap

Elizabeth Hoffman

Yet, in our generation we have seen scarcity vanquished, and our ever present fear, so far as agriculture is concerned, is a fear of over abundance. We wish, if not for scarcity, at least for relief from price depressing surpluses. Rexford G. Tugwell, assistant secretary of agriculture.


Measuring The Impact Of Meat Packing And Processing Facilities In The Nonmetropolitan Midwest: A Difference-In-Differences Approach, Georgeanne M. Artz, Peter F. Orazem, Daniel M. Otto 2016 University of Missouri

Measuring The Impact Of Meat Packing And Processing Facilities In The Nonmetropolitan Midwest: A Difference-In-Differences Approach, Georgeanne M. Artz, Peter F. Orazem, Daniel M. Otto

Peter Orazem

Considerable controversy exists regarding the costs and benefits of growth in the meat packing and processing industry in the rural Midwest. This study uses proprietary data from the Bureau of Labor Statistics’ Longitudinal Database (LDB) to investigate the effects of this industry on social and economic outcomes in non-metropolitan counties of twelve Midwestern states from 1990-2000. A difference-in-differences specification is used to measure how local growth in meatpacking and processing affects growth in local economies, government expenditures, and crime rates. Propensity score matching is used as a check on possible non-random placement of meatpacking and processing plants. Results suggest that ...


Rural Population Growth, 1950–1990: The Roles Of Human Capital, Industry Structure, And Government Policy, Tzu-Ling Huang, Peter F. Orazem, Darin Wohlgemuth 2016 Chung Yuan Christian University

Rural Population Growth, 1950–1990: The Roles Of Human Capital, Industry Structure, And Government Policy, Tzu-Ling Huang, Peter F. Orazem, Darin Wohlgemuth

Peter Orazem

Human capital raises rural incomes, but this effect is swamped by higher returns to human capital in urban markets. This leads to “brain drain” from rural areas. Populations grow more rapidly in rural counties that have a diversified employment base. Farm population grows faster (or declines more slowly) in counties with relatively high farm income, and nonfarm populations grow faster in counties with relatively high nonfarm income. However, higher farm incomes lead to slower nonfarm population growth and vice versa. Rural county government services financed by local taxes or debt have neutral or negative effects on population growth.


The Effects Of Housing Prices, Wages, And Commuting Time On Joint Residential And Job Location Choices, Kim S. So, Peter F. Orazem, Daniel M. Otto 2016 Iowa State University

The Effects Of Housing Prices, Wages, And Commuting Time On Joint Residential And Job Location Choices, Kim S. So, Peter F. Orazem, Daniel M. Otto

Peter Orazem

Rural areas facing declining populations and limited economic growth have attempted a variety of strategies to counter these trends. Traditional strategies include developing value- added agriculture and resource-based industries, recruiting new industrial firms, and tourism/retirement-based strategies. More recently, analysts and policymakers have reconsidered a regional system approach to developing rural places (Rusk 1995; Galston and Baehler 1995; Henry and Barkley 1997). The relatively stronger economic performance of urban centers suggests that nearby places may be able to benefit from outsourcing or networking with urban-based firms as well as allowing an expanded labor base to commute to jobs in urban ...


The Enduring Power Of Coase, Elizabeth Hoffman, Matthew L. Spitzer 2016 Iowa State University

The Enduring Power Of Coase, Elizabeth Hoffman, Matthew L. Spitzer

Elizabeth Hoffman

By many measures, Ronald Coase has been among the most influential economists of the past 60 years. Why is this so? We suggest that Coase’s work has enduring appeal to and insight for social scientists in part because it addresses the biggest and most important social problems: How do we solve governance and coordination problems when limited information, common resource issues, and public good issues produce conflicts among several people at once? Any scholar who works on issues of corporate or common-pool governance, pollution, allocation of seats on legislative committees, regulation of systemic risk in financial markets, provision of ...


Deriving Empirical Definitions Of Spatial Labor Markets: The Roles Of Competing Versus Complementary Growth, Romana Khan, Peter F. Orazem, Daniel M. Otto 2016 Northwestern University

Deriving Empirical Definitions Of Spatial Labor Markets: The Roles Of Competing Versus Complementary Growth, Romana Khan, Peter F. Orazem, Daniel M. Otto

Peter Orazem

If economic growth elsewhere raises an individual’s earning prospects relative to his present location, then the individual will move. However, if the individual can exploit economic growth elsewhere by commuting, he will not need to move to gain from the expansion. County-level data from eight states in the Midwest over the period 1969–1994 are used to show that local county population responds positively to own-county economic growth, economic growth in the adjacent county, and economic growth two counties away. The magnitude of the effect decreases as distance from the county increases, and turns negative beyond a three county ...


Editor's Introduction To The Special Edition: The Economics Of Climate Change In Coastal Areas, Charles S. Colgan 2016 Middlebury Institute of International Studies at Monterey

Editor's Introduction To The Special Edition: The Economics Of Climate Change In Coastal Areas, Charles S. Colgan

Journal of Ocean and Coastal Economics

Editor's introduction to the Special Edition on the Economics of Climate Change Adaptation in Coastal Areas


The Economics Of Climate Adaptation On America’S Coasts: A Washington Conversation, Center for the Blue Economy and Urban Coast Institute, Dr. Charles Colgan 2016 Center for the Blue Economy at the Middlebury Institute of International Studies at Monterey

The Economics Of Climate Adaptation On America’S Coasts: A Washington Conversation, Center For The Blue Economy And Urban Coast Institute, Dr. Charles Colgan

Journal of Ocean and Coastal Economics

Report of a colloquium on the economics of coastal climate change adaptation held in Washington D.C. on April 16, 2015. The event was sponsored by The Center for Blue Economy of the Middlebury Institute of International Studies at Monterey and the Urban Coast Institute of Monmouth University. Participants included Michael Conathan, Center for American Progress; Frank Nutter, Reinsurance Association of America; Dr. Robert Kopp, Rutgers University; Josh Sawislak, Council on Environmental Quality; Tony MacDonald, Urban Coast Institute; Jason Scorse and Charles Colgan, Center for the Blue Economy


The Economics Of Adaptation To Climate Change In Coasts And Oceans: Literature Review, Policy Implications And Research Agenda, Charles S. Colgan 2016 Middlebury Institute of International Studies at Monterey

The Economics Of Adaptation To Climate Change In Coasts And Oceans: Literature Review, Policy Implications And Research Agenda, Charles S. Colgan

Journal of Ocean and Coastal Economics

Sea level rise and other effects of climate change on oceans and coasts around the world are major reasons to halt the emissions of greenhouse gases to the maximum extent. But historical emissions and sea level rise have already begun so steps to adapt to a world where shorelines, coastal populations, and economies could be dramatically altered are now essential. This presents significant economic challenges in four areas. (1) Large expenditures for adaptation steps may be required but the extent of sea level rise and thus the expenditures are unknowable at this point. Traditional methods for comparing benefits and costs ...


The United States Of America And Azerbaijan: Economic Relations, Anar Hatamov, George Langelett 2016 South Dakota State University

The United States Of America And Azerbaijan: Economic Relations, Anar Hatamov, George Langelett

George Langelett

No abstract provided.


Consumer's Willingness To Pay For Locally Produced Ground Beef: A Case Study, Kuo-Liang Chang, Keith Underwood, George Langelett, Pei Xu 2016 South Dakota State University

Consumer's Willingness To Pay For Locally Produced Ground Beef: A Case Study, Kuo-Liang Chang, Keith Underwood, George Langelett, Pei Xu

George Langelett

No abstract provided.


The Economic Costs And Benefits Of Implementing The Clean Power Plan, Jose Miguel Abito, Christopher R. Knittel, Konstantinos Metaxoglou, Andre Trindade 2016 University of Pennsylvania

The Economic Costs And Benefits Of Implementing The Clean Power Plan, Jose Miguel Abito, Christopher R. Knittel, Konstantinos Metaxoglou, Andre Trindade

Penn Wharton Public Policy Initiative

This brief looks at the costs of implementing the EPA’s Clean Power Plan. Specifically, it examines whether implementing the CPP on a state-by-state basis—that is, with each state meeting its own individual target for emissions reduction by 2030, rather than establishing regional targets—is economically efficient. The economic analysis uses data from electricity-generating firms participating in the Pennsylvania-New Jersey-Maryland (PJM) Interconnection to examine the relative economic efficiency of regional versus state-by-state implementation of the CPP. The research indicates that state-by-state implementation would yield the lowest electricity prices in 2030.


Economic Impact Of Small Scale Event To The Local Economy: Case Of Canfield Fair, Sungsoo Kim, James Dombrosky 2016 University of Southern Mississippi

Economic Impact Of Small Scale Event To The Local Economy: Case Of Canfield Fair, Sungsoo Kim, James Dombrosky

Journal of Tourism Insights

This study examines the economic contribution of the Canfield Fair on the local community. The fair accounted for $13,419,332 in new money generated in the local economy and total expenditures of $16,874,927. Out of this total, $9,578,936 was generated from out-of-town visitors, versus $7,295,991 from local attendees. The initial amount of $9,578,936 spent by visitors created direct, indirect, and induced impacts within the local economy. The direct effect of this spending as estimated by an IMPLAN input/output model was $8,166,956, with $2,880,940 and $2,371 ...


Three Decades Of Human Development Across Indian States: Inclusive Growth Or Perpetual Disparity?, Sacchidananda Mukherjee, Debashis Chakraborty, Satadru Sikdar 2016 Selected Works

Three Decades Of Human Development Across Indian States: Inclusive Growth Or Perpetual Disparity?, Sacchidananda Mukherjee, Debashis Chakraborty, Satadru Sikdar

Sacchidananda Mukherjee

The importance of strengthening human development (HD) achievements in a country to augment its growth potential is well known in development literature. Several initiatives to enhance the HD level have been introduced in India in the recent past. However, HD achievements still vary significantly across Indian states. The current
paper attempts to observe the HD achievements for 28 Indian states over the last three decades and analyses the impact of economic growth on HD achievements. The methodology adopted in the National Human Development Report 2001 has been applied for constructing the Human Development Index (HDI) in the current analysis, and ...


Why Ireland: How Bank Failure Was Their Key To Success, Nia R. Gillenwater 2016 Scripps College

Why Ireland: How Bank Failure Was Their Key To Success, Nia R. Gillenwater

Claremont-UC Undergraduate Research Conference on the European Union

Despite Ireland’s status as the first EU country to receive a bailout, Ireland appears to be bouncing back extremely well from the ongoing financial crisis in Europe and the EU. Looking at recent Irish economic statistics it begs the question whether the government’s complete guarantee of all Irish debts was the best response. Ireland’s financial crisis seemed quite similar to America’s: for both the root causes are freely lending for real estate and property. The responses however, were very different. While America let Lehman Brothers fail and only provided a partial guarantee to its banks, Ireland ...


Urban-Rural Wage Gaps, Inefficient Labor Allocations, And Gdp Per Capita, Georgeanne M. Artz, Maniul Hoque, Peter F. Orazem, Urja Shah 2016 Iowa State University

Urban-Rural Wage Gaps, Inefficient Labor Allocations, And Gdp Per Capita, Georgeanne M. Artz, Maniul Hoque, Peter F. Orazem, Urja Shah

Economics Working Papers

Using a newly compiled data set from household surveys from 101 developed and developing countries, we decompose observed urban-rural log wage gaps for each country into the portion explained by skill differences and the unexplained portion. Larger unexplained wage gaps are evidence of labor market distortions that lead to inefficient allocation of labor across sectors and lower country production relative to its potential. We find that on average, eliminating unexplained urban-rural wage gaps raises per capita GDP by 13.9%. Unexplained urban-rural wage gaps are larger in countries with less democratic political systems, higher marginal tax rates, and higher average ...


An Investigation Of Interregional Trade Network Structures, Luca De Benedictis, Roberto Basile, Pasquale Commendatore, Ingrid Kubin 2016 DED - University of Macerata - Italy

An Investigation Of Interregional Trade Network Structures, Luca De Benedictis, Roberto Basile, Pasquale Commendatore, Ingrid Kubin

Luca De Benedictis

We provide empirical evidence on the network structure of trade flows between European regions and discuss the theoretical underpinning of such a structure. First, we analyze EU regional trade data using Social Network Analysis. We describe the topology of this network and compute local and global centrality measures. Finally, we consider the distribution of higher order statistics, through the analysis of local clustering and main triadic structures in the triad census of interregional trade flows. In the theoretical part, we explore the relationship between trade costs and trade links. As shown by Behrens (2004, 2005a, 2005b) in a two-region linear ...


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