Wage Inequality In The Manufacturing Sector Of The Mexico And Its Regions, According To The Trade Opening, 2005-2015, 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
Walras' Law, Pareto Efficiency, And Intermediation In Overlapping Generations Economies, 2016 Iowa State University
Walras' Law, Pareto Efficiency, And Intermediation In Overlapping Generations Economies, Mark Pingle, 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, 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, 2016 Iowa State University
Political Bargaining And Cartelization In The New Deal: Orange Marketing Orders, Elizabeth Hoffman, Gary D. Libecap
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
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, 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
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, 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
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, 2016 Iowa State University
The Enduring Power Of Coase, Elizabeth Hoffman, Matthew L. Spitzer
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, 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
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, 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, 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, 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, 2016 South Dakota State University
The United States Of America And Azerbaijan: Economic Relations, Anar Hatamov, George Langelett
No abstract provided.
Consumer's Willingness To Pay For Locally Produced Ground Beef: A Case Study, 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
No abstract provided.
The Economic Costs And Benefits Of Implementing The Clean Power Plan, 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, 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
Why Ireland: How Bank Failure Was Their Key To Success, 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, 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, 2016 DED - University of Macerata - Italy