Public Economics Commons^™

The Macroeconomic Effects Of Tax News, Sandeep Kumar Rangaraju

Theses and Dissertations--Economics

This dissertation explores the effect of tax news on national and state-level economic activity.

In the first chapter, I explore the effect of tax news on state economic activity. I estimate a factor-augmented vector autoregression (FAVAR) model, which allows us to consider the possibility that unobserved regional factors --such as credit and fiscal conditions-- might be relevant for modelling the dynamic response of aggregate and state-level economic activity. Tax news is identified as a shock to the implicit tax rate, measured by the yield spread between the one year tax-exempt municipal bond and the one-year taxable Treasury bond. My results …

Essays On Job-Related Risks And Worker Sorting, Teguh Yudo Wicaksono

Theses and Dissertations--Economics

This dissertation examines heterogeneity in the value of a statistical life (henceforth VSL) stemming from employer-provided health insurance (henceforth EHI) and worker sorting. The dissertation consists of three essays.

In the first essay (Chapter 2), I investigate the effect of health-driven productivity on the wage compensation for mortality risk, and how EHI influences VSL using the US labor market data. In this chapter I build a framework showing that the level of job risks influences the incentive of employers to provide EHI. The basic notion of the framework is that health insurance is an investment in health and health is …

Competition’S Effect On Teacher Pay And Teacher Characteristics, Casey S. Brasher

Theses and Dissertations--Economics

This dissertation adds to the literature that examines the effect of competition and school choice reform in elementary and secondary education. Specifically, we explore how three major forms of competition in U.S. schooling markets in Tiebout competition, charter competition, and private school competition affect the teaching profession by estimating a teacher wage equation and series of teacher characteristic equations. Since it has been well-established that all 3 forms of competition are likely endogenous, we present 2SLS estimates of competition’s effect in addition to simple OLS estimates. Our findings confirm the importance of studies controlling for endogeneity concerns, particularly in regards …

Breaking The Chains Of Poverty Among Filipino Households: Will It Be In This Lifetime?, John Paolo R. Rivera

Angelo King Institute for Economic and Business Studies (AKI)

The Asian Development Bank (ADB) attributes persistent poverty in the Philippines to “weak macroeconomic management, employment issues, high population growth, an underperforming agricultural sector and unfinished land reform agenda, governance issues including corruption and a weak state, conflict and security issues, particularly in Mindanao, and disability” (Asian Development Bank [ADB], 2005, xvii). Despite copious and varied government initiatives to remedy the situation, however, Filipinos in the lower income deciles continue to suffer from the constant deprivation of basic necessities (Schelzig, 2005).

Monetary Expansion And Bank Credit: A Lack Of Spark, Lucjan T. Orlowski

WCBT Faculty Publications

This paper aims to evaluate the effects of the Federal Reserve monetary expansion over thepast 15 years on the credit channel of monetary policy transmission. To do so, we analyze the allocation of the Fed vast liquidity injections by the U.S. banks. The underlying hypothesis is that the considerable monetary expansion neutralized the bank credit expansion as banks channeled borrowed liquidity into other assets.

The monetary expansion was propelled by the financial crisis of 2007–2008. The crisis led to the rapid deterioration of asset performance and liquidity of the banking system. Among the key factors contributing to the crisis was …

Book Review Of: Why Nations Fail, Ashutosh Mani Dixit

Business Review

The purpose of this article is to assess the contribution of Why Nations Fail about its forefront claim that institution is exclusive determinant of nation’s economic outcome. This paper will examine its findings and put forward arguments and claims of prominent studies about economic development. The paper has been organized in two more section. Immediate section presents chapter wise summary of the book highlighting strengths and key outcomes. While the third section, which is the purpose of the article, offers a critique, than sums up in final section providing some concluding comments.

Measuring Happiness To Guide Public Policy Making: A Survey Of Instruments And Policy Initiatives, Laura Musikanski

Journal of Sustainable Social Impact

This author examines subjective indicators of well-being as they relate to the happiness movement, a global effort to create a new economic paradigm. The essay focuses on the prominent international institutions that are developing happiness metrics as well as agencies exploring the use of happiness data for crafting supportive public policy. A definition of happiness metrics, based on international institutions, identifies the primary questions that compose perceived happiness and how this data can be used.

Technical Efficiency Of Onion Production In Pakistan, Khyber Pakhtunkhwa Province, District Malakand, Abid Khan

Journal for the Advancement of Developing Economies

This research was conducted to estimate the technical efficiency and determinants of onion production, by using the Cobb-Douglas stochastic frontier production function with the inefficiency effects model. A multistage sampling technique was used to collect data, randomly, from 93 respondents. The empirical results showed that urea, farm yard manure (FYM), irrigation, and pesticides were the major factors that influence changes in onion production. Farm-specific variables such as education and area were found to have significant effects on the technical inefficiency among the onion producers. The technical efficiency of farmers varied from 0.7478 to 0.9851 with a mean technical efficiency of …

Shikkhangon: A Non-Disruptive Primary Education Center For The Underprivileged Children In Bangladesh, Nisar Ahmed

Journal for the Advancement of Developing Economies

Over the last few decades, Bangladesh has achieved significant progress in providing access to primary education for all children. But, the underprivileged segment of the population still cannot send their children to schools, primarily due to the inflexible nature of the traditional school system that conflicts with their lifestyle and livelihood. Also, the quality of students’ achievements under the traditional system suffers due to low quality of pedagogy. In order to provide a quality education befitting the lifestyle of the underprivileged, a departure from the traditional schooling is proposed. This new model allows students to access and learn from motivated …

Antitrust, Competition Policy, And Inequality, Jonathan B. Baker, Steven C. Salop

Georgetown Law Faculty Publications and Other Works

Economic inequality recently has entered the political discourse in a highly visible way. This political impact is not a surprise. As the U.S. economy has begun to recover from the Great Recession since mid-2009, economic growth has effectively been appropriated by those already well off, leaving the median household less well off. The serious economic, political and moral issues raised by inequality can be addressed through a panoply of public policies including competition policy, the focus of this article. The article describes the channels through which market power contributes to inequality, and sets forth a range of possible antitrust policy …

Does Financial Literacy Contribute To Food Security?, Katherine Grace Carman, Gema Zamarro

Education Reform Faculty and Graduate Students Publications

Food insecurity, not having consistent access to adequate food for active, healthy lives for all household members is most common among low income households. However, income alone is not sufficient to explain who experiences food insecurity. This study investigates the relationship between financial literacy and food security. We find that low income households who exhibit financial literacy are less likely to experience food insecurity.

On Testing For Sphericity With Non-Normality In A Fixed Effects Panel Data Model, Badi H. Baltagi, Chihwa Kao, Bin Peng

Center for Policy Research

Building upon the work of Chen et al. (2010), this paper proposes a test for sphericity of the variance-covariance matrix in a fixed effects panel data regression model without the normality assumption on the disturbances.

Analisa Kesenjangan Prevalensi Stunting Antar Kawasan Di Indonesia Serta Faktor Yang Mempengaruhinya, Melyana Lumbantoru, Hera Susanti

Jurnal Kebijakan Ekonomi

Stunting is an indicator for chronic nutritional status that can provide a picture of overall socio-economic disruption in the past, starting from six months old infant and continue until the age of 18 years and can not be corrected again. The study concluded that infant growth monitoring, access to sanitation, health budget allocation per capita, income per capita and female literacy rate are significantiy reducing the occurrence of stunting. While the Theil index shows that the number of stunting is increasingly dispersed throughout Indonesia. At the regional level, the total disparity for stunting tends to decrease. In 2007, 2010 and …

Perdagangan Bebas Versus Proteksionisme, Lepi T. Tarmidi

Jurnal Kebijakan Ekonomi

For the past 20 years the world has seen a proliferation of Regional Free Trade Agreements. Some Indonesian economists are criticizing the negative effects of this “neo-liberal” thinking, instead they promote measures of protection to defend domestic industries. Every citizen must bea patriotand a nationalist, and not be a servant of great foreign economic powers. However, the greater majority of economists are for the idea of free trade, since it can bring prosperity to the people through the gains from trade. These economists are also nationalists. However, the controversy between free trade and protectionism has a long history, since the …

Efisiensi Belanja Publik Untuk Meningkatkan Anggaran Lingkungan, Donny Yoesgiantoro

Jurnal Kebijakan Ekonomi

The purpose of this research is to provide recommendations to government in taking efficiency measures on public spending in order to increase budget allocation for the environment. The data used are secondary data, obtained from the Central Bureau of Statistics and the Ministry of Finance of the Government of Indonesia as well as The World Bank. The research method employed is guantitative descriptive approach. Result shows that in the period of 2005-2014, the average spending growth rate is eguivalent with nominal GDP growth rate. However, the growth of spending on Goods and Services is well above higher than that of …

Persepsi Konsumen Terhadap Prioritas Perbaikan Infrastruktur Pasar Tradisional (Studi Kasus : Pasar Perumnas Klender), Bernardhus Wishman Siregar

Jurnal Kebijakan Ekonomi

everal studies have found that consumer in Indonesia has shifted their preference from traditional to modern market, due to a better service provided by modern market retailer for its consumer. Focusing on consumer perceptions, this research tries to see the consumer assessment for traditional market's service and infrastructures using the gualitative approach in Pasar Perumnas Klender. Finally, this research found that improvements in infrastructure is necessary in order to meet the consumer needs.

Dampak Pembiayaan Kredit Perbankan Terhadap Nilai Tambah Industri Pengolahan Di Indonesia, Ita Kurnia Sholihah, Telisa Aulia Falianty

Jurnal Kebijakan Ekonomi

This study aims to measure the effect of bank credit financing to value-added of manufacturing industry in Indonesia. This study uses the data of manufacturing industry sub-sector level. The data used are sub-sector credit, value added, labor, fixed capital, the minimum wage, the exchange rate, and the Gross Domestic Produc. This study period is 2002 – 2012 and using a Two-Stage Least Square with Fixed Effect as a estimation methode. Finally, the results showed that the significant effect of bank credit financing to encourage value-added manufacturing industry in Indonesia.

Common-Value Procurement Auctions With Renegotiation, Rimvydas Baltaduonis, Lucas Rentschler

Economics Faculty Publications

This note contains the equilibrium bid functions for two types of common-value procurement auctions: 1) a procurement auction in which bids represent an enforceable contract; 2) a procurement auction in which, upon learning the true cost of supplying the good, the winning bidder can renegotiate the contract with the buyer, and each bidder must submit a bond with their bid, which is returned at the end of the auction unless they are the low bidder and renegotiate the contract.

Cost Share Adjustment Processes For Cooperative Group Decisions About Shared Goods: A Design Approach, Edna T. Loehman, Richard Kiser, Stephen Rassenti

Economics Faculty Articles and Research

For group decision about shared goods, the nature of the shared good and how its cost is to be shared among group members must be determined. Complexity arises from heterogeneity in preferences and endowments and nonlinear cost. To facilitate group decision, this paper proposes special type of group decision support system, a cost share adjustment process (CSAP), in which cost shares are adjusted iteratively via algorithmic rules until unanimity is reached, ideally producing a socially optimal, cost feasible, and fair outcome. In contrast to public good literature, our designs apply for situations of nonlinear cost, with economies of scale and …

Integration Of Central And Eastern European And The Euro-Area Financial Markets: Repercussions From The Global Financial Crisis, Lucjan T. Orlowski, Anna Tsibulina

WCBT Faculty Publications

We examine integration of financial markets and banking sectors in Central and Eastern Europe and the euro area. We study co-movements between government bond and equity markets of Germany and those of Poland, Czech Republic, Hungary, as well as Slovenia and Slovakia (the two recent euro members). We assume that financial integration is essential for subsequent monetary convergence, as it will enable the euro candidates to mitigate systemic risk and avert potentially destabilizing shocks. Government bond yields of the Czech Republic and Poland show high correlation with German yields, in contrast to those of the remaining countries. Equity returns of …