Current Social Science Research Report--Economics #108, April 14, 2009.

CSSRR-Economics is a weekly email report produced by the Data and Information Services Center at the University of Wisconsin-Madison. It seeks to help social science researchers keep up to date with the latest developments in the field. This report will contain selected listings of new: reports, articles, bibliographies, working papers, tables of contents, conferences, data, and websites. For more information, including an archive of back issues and subscription information see:

http://www.disc.wisc.edu/reports/cssrindex.html

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CSSRR-Economics is compiled and edited by Jack Solock and Charlie Fiss.

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To CSSRR-Soc #108

To CSSRR-Health #108

CSSRR-Index

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Index to this issue:

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CENTRAL GOVERNMENT AND NGO STATISTICAL PUBLICATIONS

US

US STATES

NGO AND OTHER COUNTRIES

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OTHER REPORTS, ARTICLES, ETC.

WORKING PAPERS

TABLES OF CONTENTS

CONFERENCES

EMPLOYMENT OPPORTUNITIES

DATA

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CENTRAL GOVERNMENT STATISTICAL AND NGO PUBLICATIONS

US:

1. Department of Agriculture, Economic Research Service Report: "China's Ongoing Agricultural Modernization: Challenges Remain After 30 Years of Reform," by Bryan Lohmar, Fred Gale, Francis Tuan, and James Hansen (Economic Information Bulletin No. EIB-51, April 2009, .pdf format, 51p.).

http://www.ers.usda.gov/Publications/EIB51/

2. Government Economic Releases from the National Bureau of Economic Research: Links to releases for Apr. 8-14, 2009 are available at the site.

http://www.nber.org/releases/

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US States:

Alaska:

Department of Labor and Workforce Development Periodical: Alaska Economic Trends (April 2009, .pdf format, 19p.). The topic of this month's issue is: "Youth Working in Alaska."

http://labor.state.ak.us/trends/

New Jersey:

Department of Labor and Workforce Development table update: "State, Labor Areas and Counties: Total Labor Force, Employed, Unemployed and Unemployment Rate: NJ Monthly Seasonally Adjusted Estimates: 1976-2009" (March 2009, Microsoft Excel format).

http://lwd.dol.state.nj.us/labor/lpa/pub/emppress/pressrelease/njsa.xls

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NGOs and Other Countries:

International Monetary Fund Country Reports: The latest Country Reports (.pdf format) span the time period from Apr. 8, 2008-Apr. 14, 2009 (No. 09-120-09-121, 09-123-09-124).

http://www.imf.org/external/pubs/cat/scr1_sp.cfm?s_year=2009&e_year=2009&brtype=default

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Organisation for Economic Co-operation and Development Book: Is Informal Normal? Towards More and Better Jobs in Developing Countries" by Johannes Jutting and Juan R. de Laiglesia (March 2009, ISBN Number: 978-92-64-05923-8, 164p.).

http://www.oecdbookshop.org/oecd/display.asp?K=5KZ81H73HJG6

Related Press Release ("Rising Informal Employment Will Increase Poverty," (Apr. 8, 2009).

http://www.oecd.org/document/22/0,3343,en_2649_34487_42529878_1_1_1_1,00.html

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Botswana:

Central Statistics Office Report: "2006/7 Census of Enterprises And Establishments: Preliminary Results" (April 2009, .pdf format, 45p.).

http://www.cso.gov.bw/images/stories/Industrial/cee_%202009.pdf

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Germany:

Federal Statistics Office STATmagazin Article: "Unemployment in an international comparison" (March 2009).

http://www.destatis.de/jetspeed/portal/cms/Sites/destatis/Internet/EN/Navigation/Publications/STATmagazin/2009/LabourMarket2009__03,templateId=renderPrint.psml__nnn=true

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Netherlands:

Statistics Netherlands: SN has updated its Web Magazine, Economic Monitor, and Press Releases from Apr. 8-14, 2009).

http://www.cbs.nl/en-GB/menu/_unique/_nieuws/default.htm

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Norway:

Statistics Norway News Releases: Statistics Norway News Releases: SN has updated its news releases from Apr. 8-14, 2009).

http://www.ssb.no/english/previous14days/

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Oman:

Ministry of National Economy Periodical: Monthly Statistical Bulletin (Vol. 20, No. 3, March 2008, .pdf format). The periodical is in Arabic and English.

http://www.mone.gov.om/book/mb/mar2009/contents.htm

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Romania:

National Institute of Statistics Periodicals (each .pdf format, each is in Romanian and English. For each, click on the title page icon below the title for link to full text).

A. Monthly Statistical Bulletin - No.2/2009

B. International Trade Statistical Bulletin - No.12/2008

C. Prices Statistical Bulletin - No.2/2009

D. Industry Statistical Bulletin - No.2/2009

All are available at:

http://www.insse.ro/cms/rw/pages/index.en.do

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Ukraine:

State Statistics Committee Tables:

A. "Gross domestic product in 2008" (Apr. 9, 2009).

http://www.ukrstat.gov.ua/operativ/operativ2008/vvp/vvp_kv/vvp_kv_e/vvp_kv2008_e.htm

B. "Indices of physical volume of gross domestic product in 2008" (Apr. 9, 2009).

http://www.ukrstat.gov.ua/operativ/operativ2008/vvp/ind_vvp/ind_vvp_e/ind_2008_e.htm

C. "Deflators of gross domestic product in 2008" (Apr. 9, 2009).

http://www.ukrstat.gov.ua/operativ/operativ2008/vvp/def_vvp/def_08_e.htm

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UK:

1. National Statistics Office Periodical: Financial Statistics (No. 563, March 2009, .pdf format, 287p.).

http://www.statistics.gov.uk/StatBase/Product.asp?vlnk=376

2. Department of Work and Pensions Technical Note: "Low Income Dynamics--measures of persistence of low income" (2009, .pdf format, 2p.).

http://www.dwp.gov.uk/asd/hbai/low_income/LID_tech_note.pdf

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OTHER REPORTS, ARTICLES, ETC.:

Centre for European Policy Studies Report: "Keep it simple: Policy Responses to the Financial Crisis," by Carmine Di Noia and Stefano Micossi (2009, .pdf format, 87p.).

http://shop.ceps.eu/downfree.php?item_id=1818

More information about CEPS:

http://ceps.eu/wAbout.php?article_id=1

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WORKING PAPERS:

District 5: Federal Reserve Bank of Richmond (Virginia):

http://www.richmondfed.org/publications/research/working_papers/index.cfm

NEW:

09-03--09-06

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District 8: Federal Reserve Bank of St. Louis (Missouri):

http://research.stlouisfed.org/wp/

NEW:

2009-14A--2009-18A

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District 9: Federal Reserve Bank of Minneapolis (Minnesota):

Staff Reports:

http://www.minneapolisfed.org/research/sr/

NEW:

No. 423 "Inflation and the Price of Real Assets," by Martin Schneider and Monika Piazzesi

No. 424 "Trend and Cycle in Bond Premia," by Martin Schneider and Monika Piazzesi

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District 12: Federal Reserve Bank of San Francisco (California):

http://www.frbsf.org/publications/economics/papers/index.php

NEW:

No. 2009-07 "Beyond Kuznets: Persistent Regional Inequality in China," by Christopher Candelaria, Mary Daly, and Galina Hale.

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Federal Trade Commission: "The Success of Divestitures in Merger Enforcement: Evidence from the J&J-Pfizer Transaction," by Steven Tenn and John M. Yun (Working Paper No. 296, April 2009, .pdf format, 27p.).

Abstract:

Despite being a widely used tool in merger enforcement, there have been few studies of whether antitrust divestitures are successful. We help fill this void by conducting a study of the divestitures relating to Johnson & Johnson’s $16.6 billion acquisition of Pfizer’s consumer health division in 2006. Six brands were divested in this matter to alleviate antitrust concern. For three of the brands, their pre- and post-divestiture performance is similar, while the remainder underwent changes that do not appear to be divestiture related. Overall, the results are consistent with the view that the divestitures maintained the pre-transaction level of competition.

http://www.ftc.gov/be/workpapers/wp296.pdf

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National Bureau of Economic Research: NBER has released the following working papers for the week of Apr. 5-12, 2009:

http://www.nber.org/new.html#latest

New papers are: 14851-1475

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Harvard Business School:

A. "Where is the Pharmacy to the World? International Regulatory Variation and Pharmaceutical Industry Location," by Arthur Daemmrich (No. 09-118, April 2009, .pdf format, 22p.).

Abstract:

A consumer-oriented model for drug development and use has attracted attention in recent years as an alternative to the much-maligned approach of mass-marketing blockbuster drugs. In a parallel development, patients and disease-based organizations have assumed greater roles in defining disease categories than in the past and now influence clinical trials and participate in regulatory decision-making. Yet these developments are far from universal and are taking very different forms around the world. Building on data showing that pharmaceutical firms headquartered in the United States have performed well since 1980 when compared to firms in Europe or Asia (measured both by sales and by numbers of new product introductions), this essay explores the interplay of regulation, definitions of "patient" and "consumer," and centers of power for the pharmaceutical industry. A comparison of the United States and Germany in particular, and the United States and European Union more generally, suggests that how countries resolve tensions between protecting patients and empowering consumers will impact the international competitive standing of their domestic pharmaceutical industries.

http://www.hbs.edu/research/pdf/09-118.pdf

B. "Financial Literacy, Financial Decisions, and the Demand for Financial Services: Evidence from India and Indonesia," by Shawn Cole, Thomas Sampson, and Bilal Zia (No. 09-117, April 2009, .pdf format, 37p.).

Abstract:

Why is demand for formal financial services low in emerging markets? One view argues that limited cognitive ability and financial literacy stifle demand. A second view argues that demand is rationally low, because formal financial services are expensive and of relatively low value to the poor. This paper uses original surveys and a field experiment to distinguish between two competing answers to this question. Using original survey data from India and Indonesia, we first show that financial literacy is a powerful predictor of demand for financial services. To test the relative importance of literacy and price, we implement a field experiment, offering randomly selected unbanked households financial literacy education, crossed with small incentive (ranging from US $3 to $14) to open bank savings account. We find that the financial literacy program has no effect on the likelihood of opening a bank savings account in the full sample, but do find modest effects for uneducated and financially illiterate households. In contrast, small subsidy payments have a large effect on the likelihood of opening a savings account. These payments are more than two times more cost-effective than the financial literacy training, though this calculation does not take into account any ancillary benefits of financial education.

http://www.hbs.edu/research/pdf/09-117.pdf

C. "Broadening Focus: Spillovers and the Benefits of Specialization in the Hospital Industry," by Jonathan R. Clark and Robert S. Huckman (No. 09-120, April 2009, .pdf format, 41p.)

Abstract:

The long-standing argument that focused operations outperform others stands in contrast to theory and evidence supporting a broader scope for organizations. The literature on related diversification at the level of the firm provides some reconciliation of these conflicting observations by suggesting that multi-unit firms with a portfolio of related businesses outperform both single-unit firms and multi-unit firms composed of unrelated businesses. Explanations for this relationship between focus and firm performance have largely centered on economies of scope achieved by sharing common resources, such as advertising or production capacity. We consider whether there are similar benefits to relatedness at an operating unit level and whether such benefits stem from spillovers between operating activities. Using data from the hospital industry, we first examine the relationship between focus and performance in cardiovascular care. Then, distinguishing between direct and complementary spillovers, we examine: (1) the extent to which a hospital's specialization in areas related to cardiovascular care directly impacts performance in cardiovascular care (direct spillovers) and (2) whether the marginal benefit of a hospital's focus in cardiovascular care depends on the degree to which the hospital "co-specializes" in related areas (complementary spillovers). We find evidence of complementarities in specialization between cardiovascular care and related service areas.

http://www.hbs.edu/research/pdf/09-120.pdf

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International Monetary Fund: IMF has recently added a new working paper. The paper is No. 09/70.

http://www.imf.org/external/pubs/cat/wp1_sp.cfm?s_year=2007&e_year=2009&brtype=default

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Organisation for Economic Co-operation and Development Economics Department (.pdf format).

http://www.oecd.org/dataoecd/49/29/40284939.pdf

NEW:

No. 691 "Assessing the impacts of climate change: A literature review," by Stephanie Jamet and Jan Corfee-Morlot.

No. 692 "The impact of monetary and commodity fundamentals, macro news and central bank communication on the exchange rate: Evidence from South Africa," by Balázs Égert

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World Bank Development Programme: WDP has recently released several new working papers. See the list at:

http://econ.worldbank.org/external/default/main?menuPK=577939&pagePK=64165265&piPK=64165423&theSitePK=469382

New papers are: WPS 4896-4901.

and click on "More" for the rest.

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Centre d'Etudes de Populations, de Pauvret et de Politiques Socio-Economiques / International Network for Studies in Technology, Environment, Alternatives, Development--Integrated Research Infrastructure in the Socio-economic Sciences (CEPS/INSTEAD--IRISS) [Differdange, Luxembourg]: "Factors influencing tenure choice in European countries," by Monika Bazyl (IRISS Working Papers No. 2009-04, April 2009, .pdf format, 19p.).

Abstract:

Homeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but also in its structure, and this is the focus of this paper. Its aim is to study the impact of microeconomic factors on households tenure choice, using a cross-country comparative approach. Logit models are constructed for each country using data for year 2000 from the Consortium of Household Panels for European Socio-Economic Research micro-database. The models show that marriage is a significant determinant of the decision to move to homeownership in all analysed countries, while co- habitating households are more likely to rent, except for Denmark. Nationality, income and age proved to be significant explanatory variables in several countries, while staying insignificant in others.

http://www.ceps.lu/pdf/11/art1418.pdf?CFID=135426&CFTOKEN=34629003&jsessionid=2030760a2f8476564c73

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Institute for the Study of Labor (IZA) [University of Bonn, Germany]: IZA has recently released several new working papers.

http://www.iza.org/index_html?lang=en&mainframe=http%3A//www.iza.org/en/webcontent/publications/papers/papers%3Fyear%3D2009&topSelect=publications&subSelect=papers

The new working papers are: 4105-4124

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Social and Economic Dimensions of an Aging Population (SEDAP) [McMaster University, Hamilton Ontario]: "New Evidence on Taxes and Portfolio Choice," by Alan Sule, Kadir Atalay, Thomas F. Crossley, and Sung-Hee Jeon (No. 245, March 2009, .pdf format, 37p.).

Abstract:

Identifying the effect of differential taxation on portfolio allocation requires exogenous variation in marginal tax rates. Marginal tax rates vary with income, but income surely affects portfolio choice directly. In systems of individual taxation--like Canada’s--couples with the same household income can face different effective tax rates on capital income when labor income is distributed differently within households. Using this source of variation we find statistically significant but economically modest responses to taxation. In a "placebo" test, using data from the U.S. (which has joint taxation), we find no effect of the intra-household distribution of labor income on portfolios.

http://socserv.socsci.mcmaster.ca/sedap/p/sedap245.pdf

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European Central Bank:

http://www.ecb.eu/pub/scientific/wps/date/html/wpsall.en.html

NEW:

No. 1038 Are 'intrinsic inflation persistence' models structural in the sense of Lucas (1976)?, by Luca Benati

No. 1040 The external and domestic side of macroeconomic adjustment in China, by Roland Straub and Christian Thimann

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National Bank of Belgium:

http://www.nbb.be/pub/06_00_00_00_00/06_03_00_00_00/06_03_05_00_00.htm?l=en

NEW:

No. 162 "Labour flows in Belgium," by Pierrette Heuse and Yves Saks

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Banco Central Do Brasil:

http://www.bcb.gov.br/pec/wps/port/default.asp?idiom=I&id=workingpapers

NEW:

No. 181 "Monetary Channels in Brazil through the Lens of a Semi-Structural Model," by André Minella and Nelson F. Souza-Sobrinho.

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Bank of Canada:

http://www.bankofcanada.ca/en/res/wp/wp(y)_2009.html

NEW:

No. 2009-12 "Complex Ownership and Capital Structure," by Teodora Paligorova and Zhaoxia Xu

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Deutsche Bundesbank:

http://www.bundesbank.de/vfz/vfz_diskussionspapiere_2009.en.php

Series 1: "Economic Studies "

NEW:

No. 09/2009 "Knowledge sourcing: legitimacy deficits for MNC subsidiaries?" by Tobias Schmidt and Wolfgang Sofka

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New Economic Papers (NEP)-ALL. The latest list of New Economic Papers (Apr. 5, 2009).

http://ideas.repec.org/n/nep-all

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AgEcon Search: This week's new working papers from AgEcon Search at the University of Minnesota are available at:

http://ageconsearch.umn.edu/browse-date

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JOURNAL TABLES OF CONTENTS (check your library for availability):

Journal of Econometrics (Vol. 149, No. 2, April 2009).

http://www.sciencedirect.com/science/journal/03044076

Journal of Economic Dynamics and Control (Vol. 33, No. 5, May 2009).

http://www.sciencedirect.com/science/journal/01651889

Journal of Economic Theory (Vol. 144, No. 3, May 2009).

http://www.sciencedirect.com/science/journal/00220531

Journal of Law and Economics (Vol. 52, No. 1, February 2009).

http://www.journals.uchicago.edu/toc/jle/current

Management Science (Vol. 55, No. 4, April 2009).

http://mansci.journal.informs.org/content/vol55/issue4/index.dtl

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CONFERENCES:

AEA Web: Economic conference announcements.

World Institute for Development Economics Research of the United Nations University (UNU-WIDER) [Buenos Aires, Argentina] (May 25, 2009).

http://rfe.org/conferences.php

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EMPLOYMENT OPPORTUNITIES:

Chronicle of Higher Education:

Economics positions has been updated through Apr. 14, 2009.

http://chronicle.com/jobs/100/200/2000/

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DATA:

US Department of Agriculture, Economic Research Service: Agricultural Outlook: Statistical Indicators (March 2009, .pdf and Microsoft Excel [compressed and uncompressed] format). "The statistical indicators formerly provided in Agricultural Outlook magazine will continue to be updated regularly. These tables include data on individual commodities, the general economy, agricultural trade, farm income and expenses, farm prices, food prices and expenditures, and other statistical indicators of the food and agriculture system.

http://www.ers.usda.gov/Publications/AgOutlook/AOTables/

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UK Data Archive (Essex University, Colchester, UK): The UK Data Archive has recently added the following datasets to its holdings. Note: There maybe charges or licensing requirements on holdings of the UK Data Archive. For more information see:

http://www.data-archive.ac.uk/

For new data or new editions of new data in the last month:

http://www.data-archive.ac.uk/findingData/newdata.asp

and pick "1 month" for either.

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