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2017

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Articles 1441 - 1470 of 1566

Full-Text Articles in Economics

Structural Breaks Dan Ketidakstabilan Permintaan Uang Di Indonesia, Deviyantini Deviyantini, Iman Sugema, Tony Irawan Jan 2017

Structural Breaks Dan Ketidakstabilan Permintaan Uang Di Indonesia, Deviyantini Deviyantini, Iman Sugema, Tony Irawan

Jurnal Ekonomi dan Pembangunan Indonesia

This research aims to identify the sources of instability of the money demand function (M1 and M2) due to structural changes that occur as a result of economic shocks. These shocks, are technically shown by the presence of structural breaks in the data and can lead the parameters non-constancy. The instability of the money demand function was analyzed using the Gregory and Hansen test. The source of instability of the money demand was identified using time varying parameter model. This research used quarterly time series data from 1993Q1 to 2013Q4. The result of Gregory and Hansen test indicates there is …

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Analisis Ekspor Kakao Olahan Indonesia Ke Sembilan Negara Tujuan Tahun 2000–2014, Arif Maulana, Fitri Kartiasih Jan 2017

Analisis Ekspor Kakao Olahan Indonesia Ke Sembilan Negara Tujuan Tahun 2000–2014, Arif Maulana, Fitri Kartiasih

Jurnal Ekonomi dan Pembangunan Indonesia

The objectives of this article is to analyze the competitiveness of Indonesias processed cocoa export to nine destination countries and to investigate the determinants of export volumes of Indonesias cocoa. Two analysis is conducted using revealed comparative advantage (RCA) and panel data regression. The result indicates that Indonesian processed cocoa has a high comparative advantage in Spain, while in Singapore has a comparative advantage at worst. The panel data regression estimates showed that GDP, population, RCA, and tax policy was statistically significant and had positive effect to cocoa export volumes but the price of processed cocoa had negative effect.

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240 Years Of The Wealth Of Nations, Maria Pia Paganelli Jan 2017

240 Years Of The Wealth Of Nations, Maria Pia Paganelli

Economics Faculty Research

Why should we read a book printed 240 years ago? The book is old. Our circumstances and institutions are different. Its examples are dated. Its policies are irrelevant today. Its economic theories are full of mistakes. Even its political ideology is ambiguous. So, why bother reading this old book?

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Bubbles In Experimental Asset Markets, Praveen Kujal, Owen Powell Jan 2017

Bubbles In Experimental Asset Markets, Praveen Kujal, Owen Powell

ESI Working Papers

"One can define a bubble as a persistent increase in the price of an asset over and above its fundamental value with an abrupt fall in prices when no buyers are available to make purchases. The occurrence of market bubbles has a long history, starting with the Dutch Tulip Mania (1624-1637) to the South Sea and Mississippi Bubble (1716-1720), the British Railway Mania (1840´s) to the crash of 1929. Recent events have been the crash of 1987, the dot-com bubble (1990s) to the most recent housing crisis in early 2000. Even though bubbles, and a subsequent crash, may reallocate resources …

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Humans’ (Incorrect) Distrust Of Reflective Decisions, Antonio Cabrales, Antonio M. Espín, Praveen Kujal, Stephen Rassenti Jan 2017

Humans’ (Incorrect) Distrust Of Reflective Decisions, Antonio Cabrales, Antonio M. Espín, Praveen Kujal, Stephen Rassenti

ESI Working Papers

Recent experiments suggest that social behavior may be shaped by the time available for decision making. It is known that fast decision making relies more on intuition whereas slow decision making is affected by reflective processes. Little is known, however, about whether people correctly anticipate the effect of intuition vs. reflection on others’ decision making. This is important in everyday situations where anticipating others’ behavior is often essential. A good example of this is the extensively studied Trust Game where the trustor, by sending an amount of money to the trustee, runs the risk of being exploited by the trustee’s …

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Health Aid In Africa: Placement, Service Utilization, And Benefit, Carrie Dolan Jan 2017

Health Aid In Africa: Placement, Service Utilization, And Benefit, Carrie Dolan

Theses and Dissertations

While the health sector has attracted significant foreign aid, evidence on the effectiveness of this support is mixed. This dissertation examines the allocation of health aid within the context of placement, service utilization, and benefit. The first paper examined the sub-national allocation of Chinese development aid projects across Africa. I determined how political preferencing of Chinese aid specifically, allocating aid to the birth region of the current political leader differs across sectors such as health, education, and transportation. I find some evidence that aid, more broadly defined, is subject to political preferencing in recipient countries, which could potentially limit its …

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The Political Economy Of The Automobile Industry Development In China, Muyuan Niu Jan 2017

The Political Economy Of The Automobile Industry Development In China, Muyuan Niu

Electronic Theses and Dissertations

This paper analyses the political economy of developing the modern Chinese automobile industry. By using qualitative research method, especially case study, and developmental rent management analysis framework, the author analyzed the development in three different time periods since the Chinese economic reform in 1978. Case studies of learning period, developing period and new Chinese owned enterprises after joining WTO presented different policies and rent management strategies arranged by the state to industrialize and develop the modern Chinese automobile industry. Although there are failures involved in the arrangement, China finally industrialized and developed its modern automobile industry and became the world's …

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Trade Openness, Foreign Direct Investment And Infrastructure Spending: A Comparative Analysis Of Their Common Role In The Economic Development Between Selected Developed And Developing Economies, Yasser M. Alwafi Jan 2017

Trade Openness, Foreign Direct Investment And Infrastructure Spending: A Comparative Analysis Of Their Common Role In The Economic Development Between Selected Developed And Developing Economies, Yasser M. Alwafi

Masters Theses

This study examines the literature on how trade, foreign direct investments, and infrastructure development affect economic growth of selected developed and developing economies. A comparative analysis will be carried between developed economies (G7 countries) represented by Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States while the developing economies (BRICS countries) are represented by Brazil, Russia, India, China and South Africa. The comparative analysis will be carried between years 1985 to 2015. In addition, the paper will establish the relationship between trade and economic growth in both developing and developed economies. Furthermore, the paper will establish that …

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Determinants Of Import Demand In Ghana: 1960-2014, Freda Opoku-Agyemang Jan 2017

Determinants Of Import Demand In Ghana: 1960-2014, Freda Opoku-Agyemang

Masters Theses

This paper assesses the determinants of demand for import in Ghana using variables imports, exports, real gross domestic product, government spending, capital formation and exchange rate. The central aim of the study is to examine the relationship of Ghana's aggregate import demand and its determinants and then analyze the data from the period 1960 to 2014 and based on the above objectives, propose policies based on the results obtained from the analysis. All the data used were obtained from the World Bank database. The Johansen co-integration test suggested that there exists a long-run relationship between the imports (i.e. the dependent …

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The Treadmill Of Destruction In Comparative Perspective: A Panel Study Of Military Spending And Carbon Emissions, 1961-2014, Alex Stoner, John H. Bradford Jan 2017

The Treadmill Of Destruction In Comparative Perspective: A Panel Study Of Military Spending And Carbon Emissions, 1961-2014, Alex Stoner, John H. Bradford

Journal Articles

This article analyzes a unique panel data set to assess the effect of militarism on per capita carbon dioxide emissions. We extend previous research examining the effects of military expenditures on carbon emissions by including in our analyses over 30 years of additional data. In addition, we compare our preliminary results to those obtained from other estimation procedures. Specifically, we report and visually illustrate the results of 54 cross-sectional models (one for each year) and 36 unique panel regression models on both balanced and unbalanced panels. We assess how this relationship has changed over time by testing for interactions between …

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Deconstructing “Deviance” And “Disorder” As Systems Of Domination: Chicago Public Schools As A Case Study Of The Effects Of Zero Tolerance Discipline Policies On Educational Outcomes In Us Schools, Maya Kaul Jan 2017

Deconstructing “Deviance” And “Disorder” As Systems Of Domination: Chicago Public Schools As A Case Study Of The Effects Of Zero Tolerance Discipline Policies On Educational Outcomes In Us Schools, Maya Kaul

Pomona Senior Theses

The rise of “zero tolerance” discipline practices in US primary and secondary schools has become increasingly well documented by the media and empirical studies. Despite the extensive scholarship that has emerged from these conversations, many of these analyses are limited in their scope and do not connect the phenomena of zero tolerance in schools to the diverse, shifting forces at play within American politics and policy today. As such, the goal of this work is to synthesize ideas about zero tolerance across disciplines by integrating historical thought, philosophical frameworks of punishment, shifting policy goals within the US education system, the …

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Trust In Union Leaders And Decline In Union Membership, Seth Ellery Francois Jan 2017

Trust In Union Leaders And Decline In Union Membership, Seth Ellery Francois

Walden Dissertations and Doctoral Studies

As of 2015, public opinion of the ethical and honesty standards of labor union leaders was low, with 36% of the public reporting a low or very low rating, and only 18% reporting high or very high ratings. Grounded in leadership behavioral theory, the purpose of this correlation study was to examine the relationship between union members' perceptions of union leadership consideration, union members' perceptions of leadership initiation of structure, and union members' perceptions of leadership trust. Forty-four union members completed a brief demographic survey, the Leader Behavior Description Questionnaire XII, and the Trust and Employee Satisfaction Survey. The results …

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Patterns Of Enslavement And Economic Oppression Of Central Virginia, Hannah Bedwell Jan 2017

Patterns Of Enslavement And Economic Oppression Of Central Virginia, Hannah Bedwell

UROP Posters

I address how anthropologists can identify the patterns and development of slavery and economic oppression through archaeology and the visualization of Virginia enslavement. I focus on the enslaved people of James Madison's Montpelier. I use 3D modeling as a foundation for integrating enhanced visuals with the goal of presenting a tangible understanding of the enslaved individuals in relation to the artifacts and history of the archaeological sites. I intend to show a common theme in economic oppression by comparing modern themes in slavery and examining Fraser D. Neiman's synthesis of the evolutionary perspective of slavery, and how little has changed …

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Moneys' Legal Hierarchy, Katharina Pistor Jan 2017

Moneys' Legal Hierarchy, Katharina Pistor

Faculty Scholarship

This chapter discusses the way in which money is legally constructed and hierarchically structured. In financial markets, participants trade different forms of money, some of which is state-issued and some privately issued. A form of money is closer to the “apex” of the system the closer it is to entities that can issue liquid means or determine acceptable forms of payment, such as central banks and governments. During financial crises, market participants close to the “apex” are systematically advantaged. Various legal devices, e.g. property rights, collateral rights, or trust law, contribute to hierarchically structuring the financial system, by granting preferential …

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Law And Economics Of Information, Tim Wu Jan 2017

Law And Economics Of Information, Tim Wu

Faculty Scholarship

Information is of enormous importance to contemporary economics, science, and technology. Since the 1970s, economists and legal scholars, relying on a simplified “public good” model of information, have constructed an impressively extensive body of scholarship devoted to the relationship between law and information. The public good model tends to justify law, such as the intellectual property laws or various forms of securities regulation that seek to incentivize the production of information or its broader dissemination. This chapter reviews the public choice model and identifies two recent trends. First, scholars have extended the public good model of information to an ever-increasing …

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Feedback Loop Failure: Implications For The Self-Regulation Of The Sharing Economy, Abbey Stemler Jan 2017

Feedback Loop Failure: Implications For The Self-Regulation Of The Sharing Economy, Abbey Stemler

Minnesota Journal of Law, Science & Technology

No abstract provided.

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Are Chinese Firms Attracted To Political Risk? Locational Determinants Of Chinese Outward Foreign Direct Investment, Grant Depoyster Jan 2017

Are Chinese Firms Attracted To Political Risk? Locational Determinants Of Chinese Outward Foreign Direct Investment, Grant Depoyster

Honors Theses

This study evaluates the foreign direct investment (FDI) location choices made by Chinese firms from 1996 to 2015 and investigates the extent to which Chinese firms are attracted to investing in countries with high levels of political risk. Using new Chinese data, the study categorizes Chinese firms into Central State-Owned Enterprises and Other Chinese Firms to see the relationship between investment location and political risk for firms with varying levels of Chinese government control. Additionally, the data is divided between investments made from 1996 to 2003 and investments made from 1996 to 2015 to measure the effect that important changes …

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An Economic Analysis Of The Deepwater Horizon Economic Settlement, Cantrell Gideon Norman Jan 2017

An Economic Analysis Of The Deepwater Horizon Economic Settlement, Cantrell Gideon Norman

Honors Theses

The Deepwater Horizon oil spill of 2010 significantly impacted the Gulf Coast economy. The aim of this paper is to determine the adequacy of Deepwater Horizon Economic Settlement payments in achieving full recovery and restoration of the Gulf Coast economy. This paper contextualizes the event, analyzes other disaster techniques, and discusses the impact of the oil spill on dominant coastal industries. The results are constructed through linear regression models on employment figures for the coastal counties of all five Gulf states. An argument for each state is formed based upon the regression results, supplemented with outside sources and additional data …

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Smart Home Energy Management: An Analysis Of A Novel Dynamic Pricing And Demand Response Aware Control Algorithm For Households With Distributed Renewable Energy Generation And Storage, Jamal Abushnaf Jan 2017

Smart Home Energy Management: An Analysis Of A Novel Dynamic Pricing And Demand Response Aware Control Algorithm For Households With Distributed Renewable Energy Generation And Storage, Jamal Abushnaf

Theses: Doctorates and Masters

Home energy management systems (HEMS) technology can provide a smart and efficient way of optimising energy usage in residential buildings. One of the main goals of the Smart Grid is to achieve Demand Response (DR) by increasing end users’ participation in decision making and increasing the level of awareness that will lead them to manage their energy consumption in an efficient way. This research presents an intelligent HEMS algorithm that manages and controls a range of household appliances with different demand response (DR) limits in an automated way without requiring consumer intervention. In addition, a novel Multiple Users and Load …

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Essays On The Impact Of Education On Economic Outcomes In A Developing Country, Omer Bahadir Dursun Jan 2017

Essays On The Impact Of Education On Economic Outcomes In A Developing Country, Omer Bahadir Dursun

LSU Doctoral Dissertations

In this dissertation, I present three distinct essays in economics of education and health economics that can be read independently from one another. These studies investigate the non-pecuniary benefits of extended primary schooling in a developing country setting. I exploit the 1997 education reform in Republic of Turkey, which extended the duration of mandatory schooling from 5 to 8 years, to address the endogeneity of educational attainment levels of individuals. Chapter 2 provides robust evidence in favor of the argument that increasing the duration of mandatory primary education among women who have a low interest in receiving more schooling may …

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An Overview Of Sports Betting Regulation In The United States, Brad Humphreys Jan 2017

An Overview Of Sports Betting Regulation In The United States, Brad Humphreys

Economics Faculty Working Papers Series

The United States employs an ad hoc, unconventional method of regulating sports betting, banning it almost everywhere while granting a monopoly to firms in a single state, Nevada. This approach encourages illegal sports betting markets, ignores negative externalities, and generates welfare losses among the large population of responsible recreational gamblers. I review the current state of sports betting regulation in the U.S. and assess its economic viability in advance of the Supreme Court of the United States decision on the landmark Christie v. National Collegiate Athletic Association case.

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Does Economic Freedom Affect The Production Frontier? A Semiparametric Approach With Panel Data, Fan Zhang, Joshua C. Hall, Feng Yao Jan 2017

Does Economic Freedom Affect The Production Frontier? A Semiparametric Approach With Panel Data, Fan Zhang, Joshua C. Hall, Feng Yao

Economics Faculty Working Papers Series

This paper applies a multi-step semiparametric stochastic production frontier estimator proposed by Yao et al. (2017) to investigate the effects of economic freedom on the production frontier and technical efficiency. We allow output elasticities and technical efficiency to depend on the economic freedom variable, estimate a smooth coefficient stochastic production frontier, and compare with parametric alternatives, the Cobb-Douglas and translog estimates. Our results add to the literature on economic freedom and growth in three ways. First, our results highlight the flexibility of semiparametric approaches as we find the commonly used parametric approaches to be too restrictive in estimating the marginal …

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Economic Freedom And Government Efficiency: Recent Evidence From China, Shaoment Jia, Yang Zhou Jan 2017

Economic Freedom And Government Efficiency: Recent Evidence From China, Shaoment Jia, Yang Zhou

Economics Faculty Working Papers Series

We investigate the effects of economic freedom (marketization) on governance efficiency defined with the newest provincial level economic indicator data (NBSC, 2017) and economic freedom data (Fan et al., 2017) from 2008 to 2014 in China. With two different measures, the results suggest that economic freedom is positively correlated with governance efficiency. Moreover, the liberalization and marketization progress in the “factors market” is the single most significant area for both governance efficiency measures, while other areas like “market intermediary & legal system” have no significant effects.

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The Effect Of An Increase In Lead In The Water System On Fertility And Birth Outcomes: The Case Of Flint, Michigan, Daniel Grossman, David J.G. Slutsky Jan 2017

The Effect Of An Increase In Lead In The Water System On Fertility And Birth Outcomes: The Case Of Flint, Michigan, Daniel Grossman, David J.G. Slutsky

Economics Faculty Working Papers Series

Flint changed its public water source in April 2014, increasing lead exposure. The effects of lead in water on fertility and birth outcomes are not well established. Exploiting variation in the timing of births we find fertility rates decreased by 12%, fetal death rates increased by 58% (a selection effect from a culling of the least healthy fetuses), and overall health at birth decreased (from scarring), compared to other cities in Michigan. Given recent efforts to establish a registry of residents exposed, these results suggests women who miscarried, had a stillbirth or had a newborn with health complications should register.

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Are Fair Weather Fans Affected By Weather? Rainfall, Habit Formation And Live Game Attendance, Qi Ge, Brad Humphreys, Kun Zhou Jan 2017

Are Fair Weather Fans Affected By Weather? Rainfall, Habit Formation And Live Game Attendance, Qi Ge, Brad Humphreys, Kun Zhou

Economics Faculty Working Papers Series

We analyze habit formation in sports attendance utilizing rainfall as an unexpected, transitory shock to attendance costs. Using attendance data from Major League Baseball (MLB) and NOAA weather data, we analyze the impact of variation in game day weather conditions on current and future MLB attendance. The empirical strategy permits identification of both the formation and persistence of habit from exogenous weather shocks. Past adverse weather shocks increase future attendance by about 200 fans per game. Our study contributes to the literature developing empirical evidence of habit formation in the field and provides policy implications for optimal ticket pricing strategies.

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Agent Intermediation And Racial Price Differences, Adam Nowak, Patrick S. Smith Jan 2017

Agent Intermediation And Racial Price Differences, Adam Nowak, Patrick S. Smith

Economics Faculty Working Papers Series

Most housing transactions are brokered wherein the buyer and seller do not meet in person. In which case the buyer’s race is not revealed to the seller, so the seller cannot discriminate based on race. Despite this observation, previous studies find racial price differentials based on the race of the buyer. We provide evidence that these estimates suffer from an omitted variable bias attributable to the time-varying attributes of the house. After controlling for the time-varying attributes of the house, we find that minority (black and Hispanic) and non-minority (white) buyers pay a similar price for comparable housing. We also …

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Learning The Ropes: General Experience, Task-Specific Experience, And The Output Of Police Officers, Gregory Deangelo, Emily Owens Jan 2017

Learning The Ropes: General Experience, Task-Specific Experience, And The Output Of Police Officers, Gregory Deangelo, Emily Owens

Economics Faculty Working Papers Series

We estimate the role that law enforcement officer experience has on the probability of punishment, using a unique data set of tickets issued by the Idaho State Police linked to human resource records. All else equal, officers issue fewer tickets earlier in their career than later in their career. Quasi-exogenous shocks to an officer’s task-specific experience, generated by law changes, cause a temporary reduction in the frequency with which a subset of troopers “use” those laws, creating disparities in the likelihood that individual citizens are cited for law violations. The reduction in ticketing in response to a law change is …

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Homeowner Preferences After September 11th, A Microdata Approach, Adam Nowak, Juan Sayago-Gomez Jan 2017

Homeowner Preferences After September 11th, A Microdata Approach, Adam Nowak, Juan Sayago-Gomez

Economics Faculty Working Papers Series

The existence of homeowner preferences - specifically homeowner preferences for neighbors -is fundamental to economic models of sorting. This paper investigates whether or not the terrorist attacks of September 11, 2001 (9/11) impacted local preferences for Arab neighbors. We test for changes in preferences using a differences-in-differences approach in a hedonic pricing model. Relative to sales before 9/11, we find properties within 0.1 miles of an Arab homeowner sold at a 1.4% discount in the 180 days after 9/11. The results are robust to a number of specifications including time horizon, event date, distance, time, alternative ethnic groups, and the …

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The Effect Of Superstar Players On Game Attendance: Evidence From The Nba, Brad Humphreys, Candon Johnson Jan 2017

The Effect Of Superstar Players On Game Attendance: Evidence From The Nba, Brad Humphreys, Candon Johnson

Economics Faculty Working Papers Series

Economic models predict that “superstar” players generate externalities that increase attendance and other revenue sources beyond their individual contributions to team success. We investigate the effect of superstar players on individual game attendance at National Basketball Association games from 1981/82 through 2013/14. Regression models control for censoring due to sellouts, quality of teams, unobservable team/season heterogeneity, and expected game out-comes. The results show higher home and away attendance associated with superstar players. Michael Jordan generated the largest superstar attendance externality, generating an additional 5,021/5,631 fans at home/away games.

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The Relative Value Of Aer P&P Economic Education Papers, J.R. Clark, Joshua C. Hall, Ashley Harrison Jan 2017

The Relative Value Of Aer P&P Economic Education Papers, J.R. Clark, Joshua C. Hall, Ashley Harrison

Economics Faculty Working Papers Series

The CEE had been allocated one session in the AER Papers and Proceedings (P&P) since 1964. In 2008, the American Economic Association evaluated the allocation of AER Papers and Proceedings sessions to various AEA Committees. In response, the CEE was asked to prepare a one-page rationale for keeping that session. Their response (Committee on Economic Education, 2008) made several important defenses of the session, including that the quality of the papers published in these sessions must speak for itself. In this paper, we propose to evaluate the relative quality of AER P&P papers through citation analysis. Using the Social Science …

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