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Full-Text Articles in Social and Behavioral Sciences

Feeling The Heat: Climate Change Is Becoming A Big Factor In Business Decision-Making, Risk Assessment, Candace Beeke, Sahan Dissanayake, Jennifer Price, Moss Adams Dec 2022

Feeling The Heat: Climate Change Is Becoming A Big Factor In Business Decision-Making, Risk Assessment, Candace Beeke, Sahan Dissanayake, Jennifer Price, Moss Adams

Economics Faculty Publications and Presentations

Portland Business Journal Publisher and President Candace Beeke spoke recently with PSU’s Sahan Dissanayake and Jennifer Price, with Moss Adams, about the direct and indirect effects of climate change on business, along with the physical impacts and economic hazards. Here are their insights.


Teaching Fisheries Bycatch: Exploring Economic And Behavioral Drivers Of Bycatch Through A Classroom Game, Mitch B. Priestley, J. Forrest Williams, Sahan Dissanayake Aug 2022

Teaching Fisheries Bycatch: Exploring Economic And Behavioral Drivers Of Bycatch Through A Classroom Game, Mitch B. Priestley, J. Forrest Williams, Sahan Dissanayake

Economics Faculty Publications and Presentations

This paper presents a pedagogical exercise to explore the economics of price-based fisheries bycatch. In the exercise students experience the economic incentives that lead to bycatch due to highgrading; the discarding of low-value fish. We first discuss existing fisheries economics pedagogical activities and how our exercise is distinct. We then identify over forty economics, environmental studies, geography, management, and philosophy courses where the exercise could be played. Next, we describe the game and share results and student feedback. Finally, we provide discussion prompts and extensions to illustrate how incentives and policies can change fishing behavior to lead to sustainable fisheries.


Valuing The Public Benefits Of Green Roofs, Noelwah R. Netusil, Sahan Dissanayake, Lauren Lavelle, Amy W. Ando Aug 2022

Valuing The Public Benefits Of Green Roofs, Noelwah R. Netusil, Sahan Dissanayake, Lauren Lavelle, Amy W. Ando

Economics Faculty Publications and Presentations

Green roofs are being incorporated into stormwater management programs around the world. While numerous studies have estimated the private benefits to the owners and residents of buildings with green roofs, the value of the multiple public benefits received by non-building residents are less well known. We use a choice experiment survey to estimate the public benefits for a proposed green roof program in Portland, Oregon, USA. These benefits include reduced combined sewer overflows, reduced urban heat island effects, and an increase in pollinators such as birds, bees and butterflies. Past investments in stormwater infrastructure have exposed some residents to poor …


A Disaster Under‑(Re)Insurance Puzzle: Home Bias In Disaster Risk‑Bearing, Hiro Ito, Robert N. Mccauley Jun 2022

A Disaster Under‑(Re)Insurance Puzzle: Home Bias In Disaster Risk‑Bearing, Hiro Ito, Robert N. Mccauley

Economics Faculty Publications and Presentations

We examine disaster reinsurance from the perspective of international risk-sharing. We find that losses from disasters are shared internationally to a generally very limited extent, unlike what the theory of international risk-sharing suggests. We propose a new dataset of cross-border reinsurance payments for 93 disasters of 44 economies in 1982–2017. Combining these balance of payments data with industry data, we find that the lack of disaster risk-sharing through international reinsurance results from low participation in primary insurance as well as limited use of reinsurance. Regression analysis finds that countries with higher levels of economic or financial development tend to insure …


The Impact Of Targeted Regulation Of Abortion Providers Laws On Abortions And Births, Grace E. Arnold May 2022

The Impact Of Targeted Regulation Of Abortion Providers Laws On Abortions And Births, Grace E. Arnold

Economics Faculty Publications and Presentations

This paper analyzes the impact of supply-side abortion restrictions on aggregate abortion and birth rates in the USA. Specifically, I exploit state and time variation in the implementation of the first targeted regulation of abortion provider (TRAP) law in a state to identify the effects of the laws. I find that TRAP laws are associated with a reduction in the abortion rate of approximately 5% the year the first law is implemented, and an average reduction of 11–14% in subsequent years. There is also evidence that TRAP laws increased birth rates by 2–3%, which accounts for approximately 80–100% of the …


Central Bank Swap Arrangements In The Covid-19 Crisis, Joshua Aizenman, Hiro Ito, Gurnain Kaur Pasricha Apr 2022

Central Bank Swap Arrangements In The Covid-19 Crisis, Joshua Aizenman, Hiro Ito, Gurnain Kaur Pasricha

Economics Faculty Publications and Presentations

Facing acute strains in the offshore dollar funding markets during the COVID-19 crisis, the Federal Reserve (Fed) provided US dollar liquidity to the global economy by reactivating or enhancing swap arrangements with other central banks and establishing a new repo facility for financial institutions and monetary authorities (FIMA). This paper assesses motivations for the Fed liquidity lines, and the effects and spillovers of US dollar auctions by central banks using these lines. We find that the access to the Fed liquidity arrangements was driven by the recipient economies’ close financial and trade ties with the US. Access to dollar liquidity …


Post Covid-19 Exit Strategies And Emerging Markets Economic Challenges, Joshua Aizenman, Hiro Ito Mar 2022

Post Covid-19 Exit Strategies And Emerging Markets Economic Challenges, Joshua Aizenman, Hiro Ito

Economics Faculty Publications and Presentations

We study emerging markets’ 1980s lost growth decade, triggered by the massive reversal of the snowball effect in the US during 1974–1984, finding that higher flow costs of servicing debt overhang explain the dramatic decline in growth rates of exposed emerging markets. We also show how lowering the US cost of servicing its public debt has been associated with higher US, Japan, and Western Europe real output growth rates during the post WWII recovery decades, 1946–1956, and validate that fiscal adjustments of large countries have strong growth and volatility spillovers effects on exposed emerging markets and developing countries.


A Requiem For “Blame It On Beijing” Interpreting Rotating Global Current Account Surpluses, Menzie David Chinn, Hiro Ito Mar 2022

A Requiem For “Blame It On Beijing” Interpreting Rotating Global Current Account Surpluses, Menzie David Chinn, Hiro Ito

Economics Faculty Publications and Presentations

Global current account imbalances have reappeared, although the extent and distribution of these imbalances are noticeably different from those experienced in the middle of the last decade. What does that recurrence mean for our understanding of the origin and nature of such imbalances? Will imbalances persist over time? Informed by empirical estimates of the determinants of current account imbalances encompassing the period after the global recession, we find that – as before – the observable manifestations of the factors driving the global saving glut have limited explanatory power for the time series variation in imbalances. Fiscal factors determine imbalances, and …