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2020

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Institution
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Articles 91 - 95 of 95

Full-Text Articles in Public Economics

Economic Activity, International Intervention, And Transitional Governance: A Comparative Case Study Of Somalia, Daniel Bonneau, Joshua C. Hall Jan 2020

Economic Activity, International Intervention, And Transitional Governance: A Comparative Case Study Of Somalia, Daniel Bonneau, Joshua C. Hall

Economics Faculty Working Papers Series

This paper investigates the impact of international state-building efforts in Somalia on economic development. We use satellite data on night lights to measure economic activity to deal with nonexistent or poor-quality national income accounts. Using the synthetic control method, we find that the establishment of the Transitional Federal Government in 2004 was associated with economic stagnation relative to the years under statelessness. Using nighttime light emissions, we find economic stagnation regardless of whether we use the total lights emitted from the country or the spread of lights across the country. Our empirical findings are consistent with the idea that the …

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The Effect Of Transparency, Independence And Accountability Of Central Banks On Disinflation Costs, Golnaz B. Motie, Joshua C. Hall Jan 2020

The Effect Of Transparency, Independence And Accountability Of Central Banks On Disinflation Costs, Golnaz B. Motie, Joshua C. Hall

Economics Faculty Working Papers Series

Policymakers often want to achieve low inflation to avoid the low economic growth associated with high inflation. Reducing inflation through monetary policy (disinflation) is not costless as it can coincide with higher unemployment rates and reduced output. In this paper we use sacrifice ratios to calculate the cost of disinflation during the 1990s for 40 countries. We then study whether transparency and democratic accountability of monetary institutions reduces disinflation costs. Our empirical results suggest that more transparent central banks seem to face higher disinflation costs. This result could be because more transparent central banks have lower initial inflation rates during …

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A Theory Of Fire Service Provision: With An Empirical Analysis Of Response Time, Suppression Time, And Service Output, Hyong-Gu Hwang Jan 2020

A Theory Of Fire Service Provision: With An Empirical Analysis Of Response Time, Suppression Time, And Service Output, Hyong-Gu Hwang

Senior Independent Study Theses

We introduce a two-stage theoretical framework of fire services that justifies the status of response time as a factor input. In the first stage, the provincial government distributes a budget to its cities, resulting in varied numbers of firefighters and fire engines in each city. In the second stage, each city fire department places its fire stations at spatially optimal locations that minimize expected response times. When a fire occurs, the outputs from these two stages are actualized into dispatch level, response time, and suppression time. These intermediate outputs are then transformed into inputs for producing service output, which is …

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The Effect Of Direct Taxes On Income And Wealth Distribution In Thailand Under Comprehensive Income Concept, Voramast Limteerakul Jan 2020

The Effect Of Direct Taxes On Income And Wealth Distribution In Thailand Under Comprehensive Income Concept, Voramast Limteerakul

Chulalongkorn University Theses and Dissertations (Chula ETD)

This thesis research comprises three studies, each of which investigates the inequality of income and wealth in Thailand from 1996 to 2017 and the impact of personal income tax and taxes on real estate on that inequality. Shorrocks Index decomposition technique is applied to examine the key drivers of inequality in the country in the first two studies. In the third study, the analysis is developed under the Heckman Selection Model to estimate the effect of personal income tax policy reform on the individual. The overall results demonstrate that accrued capital gains from asset ownership are the main drivers of …

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Finally, Nebraska: A Synthetic Control Analysis Of Legislative Structure, William B. Hankins Jan 2020

Finally, Nebraska: A Synthetic Control Analysis Of Legislative Structure, William B. Hankins

Research, Publications & Creative Work

I estimate the impact of Nebraska’s 1937 switch from a bicameral to a unicameral legislature on state-level government expenditures. Using the synthetic control method I create a counterfactual Nebraska from a weighted-average of other potential control states and compare spending in this “synthetic Nebraska” to spending in the real Nebraska. Relative to the synthetic control, Nebraska experiences a sharp decrease in expenditures per capita immediately following the switch to a unicameral legislature, however, the difference appears to diminish over time. Placebo tests show that if the change in Nebraska’s legislative structure were randomly assigned amongst the sample of states, and …

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