Economics Commons^™

Cross-Border Shopping And The Sales Tax: A Reexamination Of Food Purchases In West Virginia, Mehmet Serkan Tosun, Mark Skidmore

Regional Research Institute Working Papers

In this paper we present new evidence of cross-border shopping in response to sales taxation. While several instructive studies provide estimates of the cross-border shopping effect, we utilize a unique opportunity to evaluate the effect of a large discrete change in sales tax policy. Using county level data on food income and sales tax data for West Virginia over the 1982-2000 period we estimate that for every one-percentage point increase in the county relative price ratio due to sales tax change, the per capita food income decreases by about 0.7 percent. Our estimates indicate that food sales fell in West …

The Role Of Welfare And Space In The Migration Of The Poor, Brian Cushing

Regional Research Institute Working Papers

This study investigates whether interstate differences in welfare benefits affected destination choices of low-income households in the United States during the 1985-90 period. It considers place-to-place migration decisions of poor single-parent females within a conditional logit framework. The research develops an array of variables that add a substantial spatial component to the analysis. The empirical results reconcile conclusions of recent academic literature with the views of state policy officials, but in a somewhat unexpected way. This study finds only modest evidence of a welfare magnet effect, and only for contiguous states. On the other hand, the study strongly confirms the …

Formula Apportionment, Tax Competition, And The Provision Of Local Goods, Santiago M. Pinto

Regional Research Institute Working Papers

The paper develops an analytical framework where regional governments strategically determine the structure of the corporate profit tax system and profits are regionally allocated using an apportionment formula. Two important results emerge in a symmetric Nash equilibrium: (i) investment decisions are distorted, i.e., regional governments will not allow complete deduction of capital costs from taxable corporate profits; and (ii) there is underprovision of the good provided by the regional government, consistent with the literature on property tax competition. The paper also shows that the degree of underprovision may be less severe when the formula employs sales shares to apportion corporate …

Disparitas Efek Regional Dan Faktor Penentu Transmisi Kebijakan Moneter Daerah: Kasus Sumatera-Jawa, Rizal Adi Prima, Nining I. Soesilo

Jurnal Ekonomi dan Pembangunan Indonesia

-

Analisis Perubahan Struktur Ekonomi (Economic Landscape) Dan Kebijakan Strategi Pembangunan Jawa Timur Tahun 1994 Dan 2000: Analisis Input-Output, Hidayat Amir, Suahasil Nazara

Jurnal Ekonomi dan Pembangunan Indonesia

-

Konsentrasi Spasial Industri Manufaktur Tinjauan Empiris Di Kota Surabaya, Erlangga Agustino Landiyanto

Jurnal Ekonomi dan Pembangunan Indonesia

-

Sumber-Sumber Pertumbuhan Ekonomi Regional: Studi Empiris Antar Propinsi Di Indonesia, 1984-2000, Yusuf Wibisono

Jurnal Ekonomi dan Pembangunan Indonesia

-

Labor Supply With Social Interactions: Econometric Estimates And Their Tax Policy Implications, Andrew Grodner, Thomas Kniesner

Center for Policy Research

Our research fleshes out econometric details of examining possible social interactions in labor supply. We look for a response of a person's hours worked to hours worked in the labor market reference group, which includes those with similar age, family structure, and location. We identify endogenous spillovers by instrumenting average hours worked in the reference group with hours worked in neighboring reference groups. Estimates of the canonical labor supply model indicate positive economically important spillovers for adult men. The estimated total wage elasticity of labor supply is 0.22, where 0.08 is the exogenous wage change effect and 0.14 is the …

Cox-Mcfadden Partial And Marginal Likelihoods For The Proportional Hazard Model With Random Effects, Jan Ondrich

Center for Policy Research

In survival analysis, Cox's name is associated with the partial likelihood technique that allows consistent estimation of proportional hazard scale parameters without specifying a duration dependence baseline. In discrete choice analysis, McFadden's name is associated with the generalized extreme-value (GEV) class of logistic choice models that relax the independence of irrelevant alternatives assumption. This paper shows that the mixed class of proportional hazard specifications allowing consistent estimation of scale and mixing parameters using partial likelihood is isomorphic to the GEV class. Independent censoring is allowed and I discuss approximations to the partial likelihood in the presence of ties. Finally, the …

Why Do Real Estate Brokers Continue To Discriminate? Evidence From The 2000 Housing Discrimination Study, Bo Zhao, Jan Ondrich, John Yinger

Center for Policy Research

This paper studies racial and ethnic discrimination in discrete choices by real estate brokers using national audit data from the 2000 Housing Discrimination Study. It uses a fixed effects logit model to estimate the probability that discrimination occurs and to study the causes of discrimination. The data set makes it possible to control for auditors' actual demographic and socioeconomic characteristics, along with the characteristics assigned for the purposes of the audit. The study finds that discrimination continues to be strong but also documents a downward trend in both the scope and incidence of discrimination since 1989. The estimations also identify …

A Retrospective On The Negative Income Tax Experiments: Looking Back At The Most Innovative Field Studies In Social Policy, R. A. Levine, H. Watts, Robinson G. Hollister, W. Williams, A. O'Connor, K. Wilderquist

Economics Faculty Works

No abstract provided.

Does The Type Of Legal Representation Affect Sentencing Outcomes?, Lawren Elaine Hill

Honors Papers

This paper examines the potential differences in sentencing outcomes for public defenders compared with private attorneys. I explore the economic literature for explanations, implications, and results. There is a need for extensive research within the field of economics to provide empirical results to offset the mostly game-theoretically dominated discussion of the criminal justice system. The results are inconclusive due to a lack of statistical significance and potential selection bias in the data. Future research relating to this study is also discussed.

Production Cost Structure And Commercial Success In The New Film Industry, Daniel Hatkoff

Honors Papers

In a country that thrives on commercialism and image, the motion picture industry is an engine of social commentary, celebrity, and enormous cash flows. From the development of the first kinetoscope to our current star-studded event-movie culture, the industry has evolved and grown to become one of the largest and most influential cultural forces in the world today.

Substantial critical analysis and literature exist discussing aesthetic qualities in film production. This paper does not follow that particular line of inquiry. Instead, we examine film as an industry focused on profitability, in which all decisions are based on the ultimate bottom-line. …

Post Merger Performances In Japan, Mami Suzuki

Honors Papers

Mergers and acquisitions are relatively new phenomena in the Japanese market. The total number M & A transactions per year has increased from approximately 500 to 1,752 between 1995 and 2002. MergerStat records 3,510 and 7,411 transactions in the U.S. for the equivalent years. The percentage of M & A transactions per number of business entities was 0.03% for Japan in 2001 and 0.1% for the U.S. in 2002. As illustrated through the figures, the frequency of M&A in Japan is considerably lower relative to the U.S., but proliferation of transactions is evident as well. Post-merger performances of firms in …

Does Monetary Policy Affect Relative Educational Unemployment Rates?, Philip N. Jefferson

Economics Faculty Works

No abstract provided.

Deriving The Gls Transformation Parameter In Elementary Panel Data Models, Philip N. Jefferson

Economics Faculty Works

The Generalized Least Squares (GLS) transformation that eliminates serial correlation in the error terms is central to a complete understanding of the relationship between the pooled OLS, random effects, and fixed effects estimators. A significant hurdle to attainment of that understanding is the calculation of the parameter that delivers the desired transformation. This paper derives this critical parameter in the benchmark case typically used to introduce these estimators using nothing more than elementary statistics (mean, variance, and covariance) and the quadratic formula.

Coastal Empire Economic Monitor, 3rd Quarter, 2005, Armstrong Atlantic State University Center For Regional Analysis

Coastal Empire Economic Monitor

The Coastal Empire Economic Indicators are designed to provide continuously updating quarterly snapshots of the Savannah Metropolitan Statistical Area economy. The coincident index measures the current economic heartbeat of the region. The leading index provides a short term forecast of the region’s economic activity in six to nine months.

Disequilibrium Dynamics, Stock-Flow Consistency, And Economic Policy, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Moudud, J. K. (2005, November 4). Disequilibrium dynamics, stock-flow consistency, and economic policy [Book proposal].

Financing Smes: Issues And Prospects, Ishrat Hussain Dr.

Faculty Research - Talks, Speeches, & Discourse

The overall objective of the Conference is to bring together all the stakeholders in the SME sector to generate debate on the issues confronting the sector and look at the various strategies being developed at the regulatory and policy level to increase the flow of credit and financial services to this very important sector of our economy. There exists strong evidence that SMEs expansion boosts employment more than large firm growth because SMEs are more labour intensive. In Pakistan, the SME sector contributes 30 percent towards the country's GDP, along with agriculture provides 90 percent of the jobs, accounts for …

What Iraq And Argentina Might Learn From Each Other, Anna Gelpern

Georgetown Law Faculty Publications and Other Works

Iraq and Argentina each launched a $100 billion debt restructuring last year. The two cases are rarely mentioned together. Most think of Argentina as the quintessential case of financial globalization gone awry - a lapsed market reformer that sank under the weight of (depending on your perspective) misguided liberalization or its own financial chutzpah, and took with it Argentine depositors, Italian retirees, Japanese banks, and offshore investment funds. Iraq's debt has a distinctly preglobalization flavor. Most of its obligations precede the recent wave of financial liberalization. In the words of Iraq's own advisers, its debt restructuring is a quintessential geopolitical …

Loss, Heidi Li Feldman

Georgetown Law Faculty Publications and Other Works

Within Republican political circles, numerous state legislatures, and even the U.S. Congress, advocating caps on "noneconomic" damages in tort suits is in vogue, as part of the ongoing politics of "tort reform." Yet, the distinction between "economic" and "noneconomic" damages is nonsensical. It does not originate in the discipline of economics, but seems instead to be purely a rhetorical invention of those who wish to limit damages by any means politically possible. But law reform based on sheer rhetoric should be shunned; unprincipled rhetoric is no substitute for justificatory reasons, and to make laws without reasons exemplifies arbitrariness and injustice. …

Agglomeration Effects And Strategic Orientations: Evidence From The U.S. Lodging Industry, Linda Canina, Cathy A. Enz, Jeffrey S. Harrison

Management Faculty Publications

This study provides evidence regarding the strategic dynamics of competitive clusters. Firms that agglomerate (co-locate) may benefit from the differentiation of competitors without making similar differentiating investments themselves. Alternatively, co-locating with a high percentage of firms with low-cost strategic orientations reduces performance for firms pursuing high levels of differentiation. Further, the lowest-cost providers with the greatest strategic distance from the norm of the competitive cluster reap the greatest benefit from co-location with differentiated firms. We find empirical support for these ideas using a sample of 14,995 U.S. lodging establishments, and controlling for a number of key demand-shaping factors.

Sticky Wage, Efficiency Wage, And Keynesian Unemployment, Chengze, Simon Fan

Centre for Public Policy Studies : CPPS Working Paper Series

This paper provides a model of involuntary unemployment by combining the insights of the sticky wage theory and the efficiency wage theory. It implies that employed workers tend to supply more effort in response to economic downturns. So, a negative shock to an economy has intriguing impacts on the unemployment. The model also shows that a negative demand shock may have a relatively small effect on output since changes in work effort serve to partially mitigate the effects of the shock. Moreover, it yields some implications that complement the existing “work-sharing” literature.

The Relationship Between Import Prices And Inflation In The United States, Thomas D. Corrigan

WCBT Faculty Publications

Inflation has been a non-issue in the United States in recent years despite strong economic growth, on balance, and falling unemployment. Some analysts believe that "new economy" dynamics are responsible for this favorable outcome and further claim that the traditional Phillips curve tradeoff between growth and inflation is no longer a valid assumption underlying economic policy decisions. Others believe that the Phillips curve is indeed alive and well but that favorable "supply shocks" have masked the still relevant tradeoff between growth and price stability. One potential "supply shock" candidate is a declining trend in the cost of imports into the …

A Study Of The Expectations Of Treasurers As Chief Financial Officers In Local Conferences In The North American Division Of Seventh-Day Adventists: Perceptions Of Roles, Responsibilities, And Relationships, Theodore Brown

Dissertations

Problem. The chief financial officer's position has changed in the business community. However, it is not clear whether the expectations of the treasurer in the Seventh-day Adventist Church are changing. They do not seem to be clearly defined or communicated. There appears to be a tacit knowledge about how treasurers should do their work. The purpose of this study was to describe the perceived roles, responsibilities, and relationships of the treasurer from the perceptions of presidents, treasurers, and board members in the local conferences in the North American Division of Seventh-day Adventists.

Method. This study used a mixed method, sequential …

Like Crabs In A Barrel: Economy, History And Redevelopment In Buffalo, John Henry Schlegel

Other Scholarship

No abstract provided.

Capital Flight From Thailand, 1980–2000, Edsel L. Beja Jr, Pokpong Junvith, Jared Ragusett

Economics Department Faculty Publications

We measure capital flight from Thailand from 1980 to 2000 and analyze the relationships between capital flight and capital inflows, economic growth, crisis, and financial liberalization. We define capital flight as net private unrecorded capital outflows from a capital-scarce developing country, measured as the difference between the recorded sources and uses of funds. This definition is commonly referred to as the ‘residual’ definition of capital flight (see, for example, Erbe 1985; Morgan Guaranty 1986; World Bank 1985). As discussed in Chapter 3, there are several definitions of capital flight: capital flight as the undeclared stock of external assets of domestic …

Trade (2), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Real per capita GDP growth in developed and developing countries — a photocopied chart apparently excerpted from a published report. The source publication, author, and publisher are not indicated on the scanned page, so a verified full reference cannot be supplied; the data appear to span the early-to-mid 2000s.
• Handwritten notes on real exchange rates and balance-of-trade theory — Shaikh, A., PhD. Unpublished manuscript notes, undated.
• Note on new and old exchange rate file comparisons — Shaikh, A., PhD. Unpublished note referencing companion digital files, undated.
• Handwritten notes on trade balance and exchange rate derivations — Shaikh, …

Simplest Sfc, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1994, December 5). Godley: Private expenditure function [Handwritten notes].

• Shaikh, A. (2005, January 15). Notes on the simplest possible stock-flow accounts: Comments on Claudio’s simplification model [Typed manuscript].

• Shaikh, A. (n.d.). Short-run model closures and steady state growth (Chap. 2) [Scanned pages with handwritten annotations].

• Shaikh, A. (2005, January 17). Simplest stock-flow accounts [Typed manuscript with handwritten annotations].

• Shaikh, A. (2005, January 16). Two types of stock-flow consistencies [Handwritten notes].

Competition Papers, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• McNulty, P. J. (1968, November). Economic theory and the meaning of competition. Quarterly Journal of Economics, 82(4), 639–656.

• Tsoulfidis, L., & Tsaliki, P. (2005, Winter). Marxian theory of competition and the concept of regulating capital: Evidence from Greek manufacturing. Review of Radical Political Economics, 37(1), 5–22.
  Shaikh, A. (2005, Winter). Handwritten note referencing Tsoulfidis & Tsaliki. Unpublished manuscript.

• Harrod, R. (1952). Theory of imperfect competition revised. In Economic essays (pp. 399–420). London, UK: Macmillan.
  Shaikh, A. (1952). Extensive handwritten notes and highlighting on Harrod’s essay. Unpublished manuscript.

• Navot, E. (2005, January 5). …

  ---

  Go to article