Current Social Science Research Report--Economics #119, June 30, 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 #119

To CSSRR-Health #119

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

EMPLOYMENT OPPORTUNITIES

DATA

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CENTRAL GOVERNMENT STATISTICAL AND NGO PUBLICATIONS

US:

1. Bureau of Economic Analysis News Release: "U.S. Net International Investment Position at Yearend 2008" (Jun. 26, 2009, HTML, ASCII text and .pdf format, 6p., with tables also available in Microsoft Excel format).

http://www.bea.gov/newsreleases/international/intinv/2009/intinv08.htm

2. Bureau of Labor Statistics Periodicals, News Release:

A. Monthly Labor Review (Vol. 132, No. 6, June 2009, .pdf format).

http://www.bls.gov/opub/mlr/home.htm

Note: This is a temporary address. When the next MLR is released, this one, along with all others back to 1981, will be available at:

http://www.bls.gov/opub/mlr/archive.htm

B. Compensation and Working Conditions Online. The latest article is dated June 24, 2009.

http://www.bls.gov/opub/cwc/home.htm

C. NLS News (No. 09-136, June 2009, .pdf format, 6p.).

http://www.bls.gov/nls/nls136.pdf

D. "American Time Use Survey: 2008" (Jun. 24, 2009, HTML and .pdf format, 24p.).

http://www.bls.gov/news.release/atus.toc.htm

3. Congressional Budget Office Report: "The Long-Term Budget Outlook: Federal Debt Held by the Public Under CBO’s Two Budget Scenarios" (June 2009, .pdf format, 68p.).

http://www.cbo.gov/ftpdocs/102xx/doc10297/06-25-LTBO.pdf

4. Energy Information Administration Country Analysis Brief: "Syria" (June 2009, HTML and .pdf format, 5p.).

http://www.eia.doe.gov/emeu/cabs/Syria/Background.html

5. US Government Economic Releases from the National Bureau of Economic Research: Links to releases for Jun. 24-30, 2009 are available at the site.

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

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US States:

Kansas:

Department of Labor Report: "2004-2014 Kansas Occupational Outlook" (June 2009).

http://www.dol.ks.gov/lmis/projections/projections.html

Maryland:

State Data Center Report: "Household Median and Mean Income Estimate for Jurisdictions in Maryland 1989-2008" (June 2009, .pdf and Microsoft Excel format).

http://www.mdp.state.md.us/msdc/dw_hhinc_median&mean.htm

Minnesota:

State Demographic Center Report: "Minnesota Housing Prices, 2007-2008," by Martha McMurry (June 2009, .pdf format, 23p.).

http://server.admin.state.mn.us/resource.html?Id=24577

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NGOs and Other Countries:

United Nations:

Economic Commission for Africa Compendium: Economic Report on Africa 2009: Developing African Agriculture Through Regional Value Chains (June 2009, .pdf format, 193p.).

http://www.uneca.org/era2009/

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European Community:

Eurostats Periodicals, News Release:

A. Statistics In Focus: (No. 47/2009, 48/2009) and Data in Focus (20/2009, 21/2009).

http://epp.eurostat.ec.europa.eu/portal/page/portal/publications/collections/sif_dif

B. "GDP per inhabitant varied by one to six across the EU27 Member States" (Jun. 25, 2009, .pdf format, 2p.).

http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-25062009-BP/EN/2-25062009-BP-EN.PDF

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International Monetary Fund Country Reports: The latest Country Reports (.pdf format) span the time period from Jun. 24, 2008-Jun. 30, 2009 (09/195--09/199).

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

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Armenia:

National Statistical Office Reports:

A."Environmental Expenditures in the Republic of Armenia for 2007" (June 2009, .pdf format, 52p.).

http://www.armstat.am/file/article/rep_soc_09e.pdf

B. "Foreign Trade of the Republic of Armenia for 2008" (June 2009, .pdf format, 228p.). The report is in Armenian and English. Click on PDF icons below "eng" for an English copy.

http://www.armstat.am/en/?nid=80&id=1015

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Australia:

Queensland Government Report: "Queensland Economic Review" (June 2009, .pdf format, 8p.).

http://www.oesr.qld.gov.au/queensland-by-theme/economic-performance/regular-publications/qld-econ-review/index.shtml

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Brazil:

Instituto Brasileiro de Geografia e Estatística (IBGE) Press Release: "Trade sector: more jobs and lower salaries in the period 2003-2007" (Jun. 24, 2009). The news release links to more detailed information in Portuguese.

http://www.ibge.gov.br/english/presidencia/noticias/noticia_visualiza.php?id_noticia=1396&id_pagina=1

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Bulgaria:

National Statistical Institute Tables: "Key Indicators For Bulgaria" (June 2009, .pdf format, 8p.).

http://www.nsi.bg/KeyInd_e/KeyInd2009-07.pdf

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Fiji Islands:

Bureau of Statistics News Release: "International Trade in Services, 2008" (Jun. 19, 2009).

http://www.statsfiji.gov.fj/Releases/Intern_Trade%20in%20Services.htm

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Hungary:

Statistical Office Periodicals, Report:

A. Statistical Reflections:

Vol. 3, No. 14, Jun. 26, 2009, .pdf format, 2p.). "Key data on book production and press, 2008"

http://portal.ksh.hu/pls/ksh/docs/eng/xftp/stattukor/ekkiadas08.pdf

Vol. 3, No. 15, Jun. 25, 2009, .pdf format, 4p. "Business demography, 2007"

http://portal.ksh.hu/pls/ksh/docs/eng/xftp/stattukor/valldemog/evalldemog07.pdf

Vol. 3, No. 17, Jun. 25, 2009, .pdf format, 3p. "Retail network, 31 December 2008"

http://portal.ksh.hu/pls/ksh/docs/eng/xftp/gyor/kiu/ekiu20812.pdf

Vol. 3, No. 18, Jun. 26, 2009, .pdf format, 1p. "Labour market characteristics in the 1st Quarter of 2009"

http://portal.ksh.hu/pls/ksh/docs/eng/xftp/stattukor/munkero/emunkero091.pdf

B. "Economy And Society, January-April 2009" (June 2009, .pdf format, 47p.).

http://portal.ksh.hu/pls/ksh/docs/eng/xftp/gyor/jel/ejel20904.pdf

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Ireland:

Central Statistical Office/An Phriomh Oifig Staidrimh Reports:

A. "Cereals Supply Balance 2007/2008" (June 2009, .pdf format, 4p.).

http://www.cso.ie/releasespublications/documents/agriculture/current/csb.pdf

B. "Economy-wide Material Flow Accounts for Ireland, 1994-2007--Pilot" (June 2009, .pdf format, 5p.).

http://www.cso.ie/releasespublications/documents/environment/material_flow_accounts.pdf

C. "National Income and Expenditure: Annual Results for 2008" (June 2009, .pdf format, 12p.).

http://www.cso.ie/releasespublications/documents/economy/current/nie.pdf

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Israel:

Central Bureau of Statistics News Release: "Ict Sector Estimate For 2008: Minor Growth In Gdp And Employment" (Jun. 28, 2009, .pdf and Microsoft Excel format). The news release is in Hebrew and English.

http://www1.cbs.gov.il/reader/newhodaot/tables_template_eng.html?hodaa=200929131

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Jersey:

States of Jersey Report: "Jersey Energy Trends 2008" (June 2009, .pdf format, 18p., with tables in Microsoft Excel format).

http://www.gov.je/ChiefMinister/Statistics/News/JerseyEnergyTrends2008.htm

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Lithuania:

Statistics Department Report: "Economic and Social Development in Lithuania" (May 2009, .pdf format, 235p.). The report is in Lithuanian and English.

http://www.stat.gov.lt/en/catalog/list/?cat_y=1&cat_id=1&id=1727&PHPSESSID=f56f94ab2a70fa242c1917ef44dfa3ac

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Macedonia:

State Statistical Office News Releases: All releases are in Macedonian and English.

A. "Survey for taxi transport of passenger" (Jun. 30, 2009, .pdf format, 2p.).

http://www.stat.gov.mk/english/statistiki_eng.asp?ss=14.01&rbs=2

B. "Number of business entities, 2008" (Jun. 29, 2009, .pdf format, 5p.).

http://www.stat.gov.mk/english/statistiki_eng.asp?ss=16.01&rbs=1

C. "Completed construction work and completed dwellings built by private owners" (Jun. 26, 2009, .pdf format, 6p.).

http://www.stat.gov.mk/english/statistiki_eng.asp?ss=11.02&rbs=5

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Malaysia:

Department of Statistics Report: "Malaysia Summary Of The International Investment Position 2008" (2009).

http://www.statistics.gov.my/eng/index.php?option=com_content&view=article&id=395:malaysias-international-investment-position-2008&catid=49:malaysias-international-investment-position-&Itemid=12

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Netherlands:

Statistics Netherlands: SN has updated its Web Magazine, Economic Monitor, and Press Releases from Jun. 24-30, 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 Jun. 24-30, 2009).

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

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Oman:

Ministry of the National Economy Periodical: Monthly Statistical Bulletin: May 2009 (June 2009, .pdf format). The periodical is in Arabic and English.

http://www.moneoman.gov.om/publication_detail.asp?pid=448

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Poland:

Central Statistical Office Periodical: Information on socio-economic situation of the country May 2009 (June 2009, .pdf format, 4p.).

http://www.stat.gov.pl/gus/5840_739_ENG_HTML.htm

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Singapore:

Department of Statistics Report: "Wholesale Trade: Reference Year 2007" (Economic Surveys Series, June 2009,.pdf format, 70p.).

http://www.singstat.gov.sg/pubn/business/esswt2007.pdf

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Slovenia:

Statistical Office News Releases:

A. "Government budget appropriations or outlays on R&D, final budget, Slovenia, 2007," by Ksenija Podpecan (Jun. 30, 2009).

http://www.stat.si/eng/novica_prikazi.aspx?id=2462

B. "Milk and milk products, Slovenia, 2008--Provisional Data," by Milena Lesic, and Ales Stele (Jun. 29, 2009).

http://www.stat.si/eng/novica_prikazi.aspx?id=2440

C. "Gross domestic product (GDP) in purchasing power standards (SKM), 2008," by Zdenka Repotocnik (Jun. 26, 2009).

http://www.stat.si/eng/novica_prikazi.aspx?id=2452

D. "Marine fishing, Slovenia, 2008," by Enisa Lojovic-Hadzihasanovic (Jun. 24, 2009).

http://www.stat.si/eng/novica_prikazi.aspx?id=2395

E. "Agricultural input price indices, detailed data, Slovenia, 2000-2004," by Helena Puc (Jun. 24, 2009).

http://www.stat.si/eng/novica_prikazi.aspx?id=2448

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Turkey:

Statistical Institute Press Release: "Greenhouse Gas Emissions Inventory, 2007" (Jun. 26, 2009, Microsoft Word format, 2p.).

http://www.turkstat.gov.tr/PreHaberBultenleri.do?id=4078

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Ukraine:

State Statistics Committee Table: "Financial results activity of small enterprises, by regions for 2008" (June 2009).

http://www.ukrstat.gov.ua/operativ/operativ2009/fin/frd_mal/frd_mal_e/frdm_reg2008_e.htm

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UK:

National Statistics Office Reports:

A. "Public Sector Finances Statistical Bulletin - May 2009" (June 2009, .pdf format, 20p.).

http://www.statistics.gov.uk/StatBase/Product.asp?vlnk=805

B. "Energy Trends" (June 2009, .pdf format, 52p.).

http://www.berr.gov.uk/files/file51898.pdf

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Wales:

Welsh Assembly Government/Llywodraeth Cynulliad Cymru Report: "Welsh Transport Statistics, 2008" (June 2009,.pdf format, 2p.).

http://wales.gov.uk/docs/statistics/2009/090630sdr1052009en.pdf?lang=en

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OTHER REPORTS, ARTICLES, ETC.:

American Enterprise Institute Periodicals:

A. Economic Outlook (June 2009, HTML and .pdf format, 5p.). The topic of this issue is: "Inflation Scare: Crazy but Real," by John H. Makin.

http://www.aei.org/outlook/100053

B. Tax Policy Outlook (June 2009, HTML and .pdf format, 6p.). The topic of this issue is: "Big Business: The Other Engine of Economic Growth," by Alan D. Viard and Amy Roden.

http://www.aei.org/outlook/100051

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Brookings Institution Report: "MetroMonitor: Tracking Economic Recession and Recovery in America’s 100 Largest Metropolitan Areas" (June 2009, .pdf format, 21p.).

http://www.brookings.edu/reports/2009/06_metro_monitor.aspx

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Federal Reserve Bank of St. Louis (Missouri) Periodical: International Economic Trends (July 2009, .pdf format, 70p.).

http://research.stlouisfed.org/publications/aiet/

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Tax Foundation Report: "How Much Does President Obama’s Budget Redistribute Income?" by Gerald Prante and Patrick Fleenor (Special Report No. 168, June 2009, .pdf format, 8p.).

http://www.taxfoundation.org/publications/show/24783.html

More information about TF:

http://www.taxfoundation.org/about/

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Urban Institute Report: "Do We Need a Value-Added Tax to Solve Our Long-Run Budget Problems?" by Rudolph G. Penner (June 2009, .pdf format, 11p.).

http://www.urban.org/publications/411912.html

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German Institute for International and Security Affairs (SWP) [Berlin, Germany] Report: "The Financial Crisis: Collateral Damage and Responses," edited by Hanns Günther Hilpert and Stormy-Annika Mildner (May 2009, .pdf format, 50p.).

http://www.swp-berlin.org/en/common/get_document.php?asset_id=5944

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WORKING PAPERS:

Federal Reserve Banks:

Federal Reserve Board Finance and Economic Discussion Series:

http://www.federalreserve.gov/pubs/feds/

NEW:

No. 2009-25 "Whither the Liquidity Effect: The Impact of Federal Reserve Open Market Operations in Recent Years, by Ruth Judson and Elizabeth Klee

No. 2009-26 "What is the Chance that the Equity Premium Varies Over Time? Evidence from Predictive Regressions," by Missaka Warusawitharana and Jessica A. Wachter

No. 2009-27 "Confidence Intervals for Long-Horizon Predictive Regressions via Reverse Regressions," by Min Wei and Jonathan Wright

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District 1: Federal Reserve Bank of Boston (Massachusetts):

http://www.bos.frb.org/bankinfo/qau/wp/index.htm

NEW:

QAU Working Paper No. 09-4 "A Question Of Liquidity: The Great Banking Run Of 2008?" by Judit Montoriol-Garriga and Evan Sekeris.

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District 2: Federal Reserve Bank of New York (New York):

http://www.newyorkfed.org/research/staff_reports/index.html

NEW:

No. 377 "Globalized Banks: Lending to Emerging Markets in the Crisis," by Nicola Cetorelli and Linda S. Goldberg

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District 4: Federal Reserve Bank of Cleveland (Ohio):

http://www.clevelandfed.org/research/research_publication.cfm?id=35

NEW:

No. WP09-05 "Deposit Market Competition, Costs of Funding and Bank Risk," by Ben R. Craig and Valeriya Dinger.

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

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

NEW:

No. 2009-030A "Does Money Matter in Inflation Forecasting?" by Jane M. Binner, Peter Tino, Jonathan Tepper, Richard G. Anderson, Barry Jones, and Graham Kendall

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

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

NEW:

No. 2009-14 "Foreign Entry into Underwriting Services: Evidence from Japan's "Big Bang" Deregulation," by Mark M. Spiegel and Jose A. Lopez

No. 2009-15 "Welfare-based optimal monetary policy with unemployment and sticky prices: A linear-quadratic framework," by Federico Ravenna and Carl E. Walsh

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Harvard Business School:

A. "Policy Bundling to Overcome Loss Aversion: A Method for Improving Legislative Outcomes," by Katherine L. Milkman, Mary Carol Mazza, Lisa L. Shu, Chia-Jung Tsay and Max H. Bazerman (WP 09-147, June 2009, .pdf format, 22p.).

Abstract:

Policies that would create net benefits for society but would also involve costs frequently lack the necessary support to be enacted because losses loom larger than gains psychologically. To reduce this harmful consequence of loss aversion, we propose a new type of policy bundling technique in which related bills that have both costs and benefits are combined. Using a laboratory study, we confirm across a set of four legislative domains that this bundling technique increases support for bills that have both costs and benefits. We also demonstrate that this effect is due to changes in the psychology of decision making, rather than voters' willingness to compromise and support a bill they weakly oppose when that bill is bundled with one they strongly support.

http://www.hbs.edu/research/pdf/09-147.pdf

B. "Anticommons and Optimal Patent Policy in a Model of Sequential Innovation," by Gastón Llanes and Stefano Trento (WP 09-148, June 2009, .pdf format, 35p.).

Abstract:

We present a model of sequential innovation in which an innovator uses several research inputs to invent a new good. These inputs, in turn, must be invented before they can be used by the final innovator. As a consequence, the degree of patent protection affects the revenues and cost of the innovator, but also determines the incentives to invent the research inputs in the first place. We study the effects of increases in the number of required inputs on innovation activity and optimal patent policy. We find that the probability of introducing the final innovation decreases (increases) as the number of inputs increases when inputs are complements (substitutes). We also find that the optimal strength of patents on research inputs is increasing in the degree of substitution between the inputs, but decreasing in the number of inputs for any degree of substitution.

http://www.hbs.edu/research/pdf/09-148.pdf

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John F. Kennedy School of Government [Harvard University]: "Do Rising Top Incomes Lift All Boats?" by Daniel Andrews, Christopher Jencks, and Andrew Leigh (HKS Faculty Research Working Paper Series RWP09-018, June 2009, .pdf format, p.). Links to an abstract and full-text are available at:

http://web.hks.harvard.edu/publications/workingpapers/citation.aspx?PubId=6695

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Levy Economics Institute of Bard College [Annandale-on-Hudson, NY]: "Fiscal Policy and the Economics of Financial Balances," by Gennaro Zezza (Working Paper No. 569, June 2009, .pdf format, 29p.). Links to an abstract and full-text are available at:

http://www.levy.org/vdoc.aspx?docid=1161

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United Nations Department of Economic and Social Affairs:

A. "Impact of the global crisis on the achievement of the MDGs in Latin America," by Marco V. Sánchez and Rob Vos (DESA Working Paper No. 74, June 2009, .pdf format, 13p.).

Abstract:

Progress towards the MDGs is expected to slow as a consequence of the global economic downturn. This study applies an economy-wide framework to analyze the impact of the crisis on the progress towards the MDGs in six Latin American countries. It finds significant setbacks towards the goals and the cost of achieving these will rise commensurately by about 1.5 to 2.0 per cent of GDP in required additional public spending per year between 2010 and 2015 as compared with a no crisis scenario. These additional public spending would contribute to economic growth though not sufficiently for full recovery to pre-crisis growth.

http://www.un.org/esa/desa/papers/2009/wp74_2009.pdf

B. "Governance, Growth and Poverty Reduction," by Mushtaq H. Khan (DESA Working Paper No. 75, June 2009, .pdf format, 17p.).

Abstract:

Poverty reduction is a function of economic growth, income distribution and distribution changes. Governance can impact both growth and income distribution. The dominant market-enhancing governance paradigm seeks to enhance the efficiency of markets through ‘good governance’ reforms, ostensibly to trigger or sustain growth. ‘Pro-poor’ good governance reforms purport to enhance the scale and efficiency of service delivery to the poor. The good governance approach to enhancing growth is disputed. Neither theory nor evidence strongly support the plausibility of significantly reducing poverty through the good governance agenda. Alternative governance approaches for addressing poverty are contrasted favourably with the currently dominant paradigm.

http://www.un.org/esa/desa/papers/2009/wp75_2009.pdf

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International Monetary Fund: IMF has recently added new working papers. The papers are No. 09/132 to 09/134.

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 Directorate for Science, Technology, and Industry: "Nanotechnology: An Overview Based on Indicators and Statistics," by Christopher Palmberg, Hélène Dernis, and Claire Miguet (STI Working Paper 2009/7, June 2009, .pdf format, 112p.).

Abstract:

Nanotechnology is commonly considered to offer considerable promise extending from business opportunities throughout various industries to broader socio-economic benefits, especially in the context of pressing global challenges such as those related to energy, health care, clean water and climate change. Governments around the world have invested heavily in R&D in this field and companies are also becoming increasingly engaged. Despite this promise, investments and company involvement in nanotechnology developments are still poorly monitored. The objective of this report is to provide a comprehensive overview of these developments through a systematic and critical analysis of available indicators and statistics, while acknowledging that there is a need for further work to both broaden the range of, and develop further, nanotechnology metrics. Nanotechnology developments essentially stem from key enabling inventions in instrumentation during the 1980s and have, since then, developed rapidly in various technological and application fields. Nanotechnology is still at an early phase of development, its future being hard to forecast. Available forecasts suggest a global market for nanotechnology products in the range of USD 150-3100 billion in the coming years while some 2 million new jobs could be created. Nonetheless, these forecasts suffer from difficulties in defining the value-added of nanotechnology to existing manufacturing processes as well as its role for generating new products. It should be noted, however, that the financial/economic crisis unfolding since October 2008 has not yet been taken account of in these projections.

The global distribution of R&D investments, publications and patents indicate that nanotechnology related research and development activities are concentrated in a few countries and regions of the world. The United States dominates in this context with regions in the San Francisco, Boston, New York and Los Angeles area, followed by Japan and some of the larger European Union countries (Germany, France, the United Kingdom). Nonetheless, some smaller countries also show up as being very active when considering size differences across countries. The rapid entry of 'newcomer' countries such as Korea, India and especially China should also be highlighted; all of these countries are characterized by rapid growth rates in the number of publications and patents although from low starting levels. These results suggest that the thrust of nanotechnology R&D may partly be shifting away from traditional countries which have had a longer history of involvement in nanotechnology. Publication data highlight the broad-based and inter-disciplinary nature of scientific advances that fuel nanotechnology developments. The number of publications exceeds, by far, patents, as is often the case for emerging technologies. Evidence based on the share of patent citations to the scientific literature also suggests that nanotechnology draws on sciences to a higher degree than other technology fields. Similar to early biotechnology developments, nanotechnology patenting accelerated some 12-13 years after key enabling inventions in instrumentation and related engineering techniques. A further analysis of differences and similarities between bio- and nanotechnologies (and other emerging technologies) could be insightful, especially in light of the cross-pollination and possible convergence between these fields.

http://www.oecd.org/dataoecd/59/9/43179651.pdf

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World Bank Policy Research Programme: WBPR 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 4978-4983.

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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/index_html%3Fyear%3D2009&topSelect=publications&subSelect=papers

The new working papers are: 4241-4260.

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Center for Economic Studies/Ifo Institute for Economic Research (CESifo) [Munich, Bavaria, Germany]: CESifo has recently released several new working papers:

http://www.cesifo.de/wp

and "Browse Working Paper List" for 2009.

The new papers are numbered 2671-2674, 2676-2692.

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Center for Global Development: "The Impact of Microcredit on the Poor in Bangladesh: Revisiting the Evidence," by David Roodman and Jonathan Morduch (WP 174, June 2009, .pdf format, 47p.).

Abstract:

The most-noted studies on the impact of microcredit on households are based on a survey fielded in Bangladesh in the 1990s. Contradictions among them have produced lasting controversy and confusion. Pitt and Khandker (PK, 1998) apply a quasi-experimental design to 1991-92 data; they conclude that microcredit raises household consumption, especially when lent to women. Khandker (2005) applies panel methods using a 1999 resurvey; he concurs and extrapolates to conclude that microcredit helps the extremely poor even more than the moderately poor. But using simpler estimators than PK, Morduch (1999) finds no impact on the level of consumption in the 1991-92 data, even as he questions PK’s identifying assumptions. He does find evidence that microcredit reduces consumption volatility. Partly because of the sophistication of PK’s Maximum Likelihood estimator, the conflicting results were never directly confronted and reconciled. We end the impasse. A replication exercise shows that all these studies’ evidence for impact is weak. As for PK’s headline results, we obtain opposite signs. But we do not conclude that lending to women does harm. Rather, all three studies appear to fail in expunging endogeneity. We conclude that for non-experimental methods to retain a place in the program evaluator’s portfolio, the quality of the claimed natural experiments must be high and demonstrated.

http://www.cgdev.org/files/1422302_file_Roodman_Morduch_Bangladesh.pdf

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European Central Bank:

http://www.ecb.int/pub/scientific/ops/date/html/index.en.html

NEW:

Occasional Paper No. 104 "Fiscal policy challenges in oil-exporting countries--a review of key issues, by Michael Sturm, François Gurtner and Juan González Alegre

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Banco Central De Chile/Central Bank of Chile:

http://www.bcentral.cl/eng/studies/working-papers/index.htm

NEW:

No. 518 "Optimal Taxation With Heterogeneous Firms," by Rodrigo A. Cerda and Diego Saravia

No. 519 "Skill Upgrading and the Real Exchange Rate," by Roberto Álvarez and Ricardo A. López

No. 520 "When RSI met the Binomial-Tree," by Rodrigo Alfaro and Andrés Sagner

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Bank of Japan:

http://www.boj.or.jp/en/type/ronbun/ron/wps/index.htm

NEW:

No. 09-E-2 "China's Industrial Structure and its Changes in Recent Years: An Analysis of the 1997-2005 Input-Output Tables"

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Bank of Norway:

http://www.norges-bank.no/templates/pagelisting____51603.aspx

NEW:

No. 2009/10 "Forecast accuracy and economic gains from Bayesian model averaging using time varying weight," by Lennart Hoogerheide, Richard Kleijn, Francesco Ravazzolo, Herman K. van Dijk and Marno Verbeek

No. 2009/11 "Price adjustments and inflation - evidence from Norwegian consumer price data 1975-2004," by Fredrik Wulfsberg

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State Bank of Pakistan:

http://www.sbp.org.pk/publications/wpapers/index2.asp

NEW:

No. 29 "Political Instability and Inflation in Pakistan," by Safdar Ullah Khan and Omar Farooq Saqib

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Narodowy Bank Polski/National Bank of Poland: The National Bank of Poland has recently released the following working paper:

http://www.nbp.pl/Homen.aspx?f=en/publikacje/materialy_i_studia/2009_en.html

NEW:

No. 58 "The Macroeconomic Effects of Losing Autonomous Monetary Policy after the Euro Adoption in Poland," by Michal Gradzewicz and Krzysztof Makarski

No. 60 "Human Capital and Technological Progress as the Determinants of Economic Growth," by Krzysztof Cichy

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New Economic Papers (NEP)-ALL. The latest list of New Economic Papers (Jun. 10, 17 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

or

http://ageconsearch.umn.edu/feed/rss_1.0/site

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

Economics Letters (Vol. 104, No. 2, August 2009).

http://www.sciencedirect.com/science/journal/01651765

Journal of Labor Economics (Vol. 27, No. 3, July 2009).

http://www.journals.uchicago.edu/toc/jole/27/3

Journal of Law and Economics (Vol. 52, No. 2, May 2009).

http://www.journals.uchicago.edu/toc/jle/52/2

Oxford Economic Papers (Vol. 61, No. 3, July 2009).

http://oep.oxfordjournals.org/current.dtl

Review of Economics and Statistics (Vol. 91, No. 2, May 2009).

http://www.mitpressjournals.org/loi/rest

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EMPLOYMENT OPPORTUNITIES:

American Statistical Association: ASA has updated its employment page with listings through Jun. 30, 2009.

http://jobs.amstat.org/search/results

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Chronicle of Higher Education:

Economics positions has been updated through Jun. 30, 2009.

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

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DATA:

US Census Bureau: "Nonemployer Statistics: 2002-2007" (June 2009, various formats).

http://www.census.gov/econ/nonemployer/

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Inter-University Consortium for Political and Social Research: ICPSR at he University of Michigan released several new datasets on Jun. 29, 2009, which may be of interest to Economics researchers. Note: Some ICPSR studies are available only to ICPSR member institutions. To find out whether your organization is a member, and whether or not it supports ICPSR Direct downloading, see:

http://www.icpsr.umich.edu/membership/index.html

Latest updates:

http://www.icpsr.umich.edu/cocoon/ICPSR/announce.html?startdate=2009-05-11&enddate=2009-06-29

All new and updated data in the last 90 days can be found at:

http://www.icpsr.umich.edu/access/recent.htm

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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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Irish Social Science Data Archive: Note: different datasets have different acquisition conditions. See the information accompanying each dataset for more information.

- INSIGHT '07: A national survey of consumer satisfaction.

http://issda.ucd.ie/dataset-info/insight07.htm

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