Current Social Science Research Report--Economics #16, May 22, 2007.

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 #16

To CSSRR-Health #16

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

LEGISLATION INFORMATION UPDATES

DATA

WEBSITES OF INTEREST

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CENTRAL GOVERNMENT STATISTICAL AND NGO PUBLICATIONS

US

1. Bureau of Economic Analysis Periodical Survey of Current Business (Vol. 87, No. 5, May 2007, .pdf format).

http://www.bea.gov/scb/toc/0507cont.htm

2. Bureau of Labor Statistics Periodical: Occupational Employment and Wages, May 2005 (Bulletin 2585, May 2007, .pdf format, 261p.).

http://www.bls.gov/oes/oes_pub_2005.htm

3. Congressional Budget Office Report: "Changes in the Economic Resources of Low-Income Households with Children," (May 2007, .pdf format, 14p.).

http://www.cbo.gov/ftpdocs/81xx/doc8113/05-16-Low-Income.pdf

4. Department of Agriculture, Economic Research Service Periodical, Report:

A. Amber Waves (May 2007, HTML and .pdf format, 71p.). This issue is a special issue on "Perspectives on Food and Farm Policy."

http://www.ers.usda.gov/AmberWaves/AllIssues/

B. "Ethanol Expansion in the United States: How Will the Agricultural Sector Adjust?" by Paul Westcott (Outlook Report No. FDS-07D-01, May 2007, .pdf format, 20p.).

http://www.ers.usda.gov/Publications/FDS/2007/05May/FDS07D01/

5. Energy Information Administration Country Analysis Brief: "Italy." (May 2007, HTML and .pdf format, 11p.)

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

6. US Government Economic Releases from the National Bureau of Economic Research: Links to releases for May 16-22, 2007 are available at the site.

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

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US States:

Hawai'i:

Department of Business, Economic Development & Tourism Report: "Quarterly Statistical & Economic Report" (2nd Quarter 2007, HTML format, with tables in Microsoft Excel format).

http://www.hawaii.gov/dbedt/info/economic/data_reports/qser/

Idaho:

Idaho Commerce and Labor Newsletter: "Idaho Employment Newsletter" (May 2007, with data for March 2007, .pdf format, 35p.).

http://cl.idaho.gov/dnn/Default.aspx?tabid=1188

Minnesota:

Dept. of Administration: Office of Geographic and Demographic Analysis Report: "Income distribution trends in Minnesota" (May 2007, .pdf format, 19p.).

http://server.admin.state.mn.us/resource.html?Id=19144

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NGOs and Other Countries

United Nations:

Food and Agriculture Organization Report: "Sustainable Bioenergy: A Framework for Decision Makers." (May 2007, .pdf format, 61p.)

ftp://ftp.fao.org/docrep/fao/010/a1094e/a1094e00.pdf

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European Commission:

Europa Periodical: Statistics in Focus The latest issues of Statistics in Focus (07/58-07/61, .pdf format) are now available at the SIF website:

http://epp.eurostat.ec.europa.eu/portal/page?_pageid=0,1136118&_dad=portal&_schema=PORTAL

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International Monetary Fund Country Reports The latest Country Reports span the time period from May 16, 2007--May 22, 2007 (No. 07/174-07/180).

http://www.imf.org/external/pubs/cat/scr1_sp.cfm?s_year=2007&e_year=2007&brtype=default

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Canada:

Statistics Canada/Statistique Canada The Daily Article: "2006 Census of Agriculture: Farm operations and operators." The article links to three articles: "Snapshot of Canadian Agriculture, The Financial Picture of Farms in Canada and Farming in Canada's CMAs" (May 2007).

http://www.statcan.ca/Daily/English/070516/d070516a.htm

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Finland:

Statistics Finland News Release: "The growing years of Finland's industrial production" (May 15, 2007).

http://www.stat.fi/tup/suomi90/toukokuu_en.html

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Germany:

Federal Statistics Office News Release: "Germany’s most important trading partners in 2006" (May 18, 2007). There is a link to a more detailed German language news release with a topical table.

http://www.destatis.de/presse/englisch/pm2007/p2070181.htm

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Japan:

Statistics Bureau Report: "Family Income and Expenditure Survey: Results of Savings and Liabilities, Latest quarter of 2006 and 2006 Yearly Average" (May 2007, Microsoft Excel format).

http://www.stat.go.jp/english/data/sav/index.htm

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Norway:

Statistics Norway News Releases:

A. "Bonds, 2006: Strong increase in bond issues" (May 21, 2007). The news release links to eight topical tables.

http://www.ssb.no/english/subjects/11/01/obligasjoner_en/

B. "Household income statistics, 2005: Sharp rise in inequality" (May 15, 2007). The news release links to eight topical tables.

http://www.ssb.no/english/subjects/05/01/ifhus_en/

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Scotland:

Scottish Executive Report: "Economic Report on Scottish Agriculture 2007 Edition" (May 2007, .pdf format, 96p.).

http://www.scotland.gov.uk/Publications/2007/05/15131914/0

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UK:

Her Majesty's Revenue and Customs Report: "Survey of property transactions in England and Wales (2003-2005)" May 2007, .pdf and Microsoft Excel format).

http://www.hmrc.gov.uk/stats/survey_of_prop/menu.htm

National Statistics Office, Various:

A. Economic & Labour Market Review (May 2007, .pdf format, 81p.).

http://www.statistics.gov.uk/StatBase/Product.asp?vlnk=14692&Pos=2&ColRank=1&Rank=272

B. Financial Statistics (No. 541, May 2007, .pdf format, 291p.).

http://www.statistics.gov.uk/StatBase/Product.asp?vlnk=376&Pos=1&ColRank=1&Rank=422

C. "Labour Market Statistics" (First Release, May 2007, .pdf format, 38p.).

http://www.statistics.gov.uk/pdfdir/lmsuk0507.pdf

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OTHER REPORTS, ARTICLES, ETC.

Federal Reserve Bank of Atlanta (Georgia) Periodical: Economic Review (Vol. 92, Nos. 1 and 2, First and Second Quarter 2007, May 2007, .pdf format, 119p.). Note: this is a special issue with a focus on "Safe and Sound Banking: Past, Present, and Future."

http://www.frbatlanta.org/invoke.cfm?objectid=0F3D5DD0-5056-9F12-1277A1FC16A183CF&method=display_body

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Federal Reserve Bank of St. Louis (Missouri) Periodical: Monetary Trends (June 2007, .pdf format, 20p.).

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

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Urban Institute Reports: "Innovative Employment Approaches and Programs for Low-Income Families," by Karin Martinson and Pamela A. Holcomb (February 2007, .pdf format, 118p.).

http://www.urban.org/publications/411467.html

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American Enterprise Institute Report: "A Better Way to Reduce Mutual Fund Costs," by Peter J. Wallison (Financial Services Outlook May, 2007, HTML and .pdf format, 5 p.)

http://www.aei.org/publications/pubID.26141/pub_detail.asp

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WORKING PAPERS:

Federal Reserve Banks:

Federal Reserve Bank of Atlanta (Georgia):

A. "Remittances and the Dutch Disease," by Pablo A. Acosta, Emmanuel K.K. Lartey, and Federico S. Mandelman (Working Paper 2007-8, April 2007, .pdf format, 31p.). Links to an abstract and full text are available at:

http://www.frbatlanta.org/invoke.cfm?objectid=0533F3F2-5056-9F12-125D508C5C8BE8F1&method=display

B. "Simple versus Optimal Rules as Guides to Policy," by William A. Brock, Steven N. Durlauf, James M. Nason, and Giacomo Rondina (Working Paper 2007-7, April 2007, .pdf format, 42p.). Links to an abstract and full text are available at:

http://www.frbatlanta.org/invoke.cfm?objectid=052FD1D0-5056-9F12-127BF513A9003BD2&method=display

C. "Corporate Social Responsibility and Shareholder's Value: An Event Study Analysis," by Leonardo Becchetti, Rocco Ciciretti, and Iftekhar Hasan (Working Paper 2007-6, April 2007, .pdf format, 33p.). Links to an abstract and full text are available at:

http://www.frbatlanta.org/invoke.cfm?objectid=052B090C-5056-9F12-124908091E2799E1&method=display

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Kennedy School of Government, Harvard University [Cambridge, Massachusetts]: "South Africa: Macroeconomic Challenges after a Decade of Success," by Jeffrey Frankel, Ben Smit and Federico Sturzenegger (RWP07-021, April 2007, .pdf format, 98p.). Links to an abstract and full text are available at:

http://ksgnotes1.harvard.edu/Research/wpaper.nsf/rwp/RWP07-021

Click on the PDF icon for link to full text.

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Levy Economic Institute of Bard College [Annandale-on-Hudson, New York]: "ELR-led Economic Development: A Plan for Tunisia," by Fadhel Kaboub (Working Paper No. 499, May 2007, .pdf format, 29p.). Links to an abstract and full text are available at:

http://www.levy.org/default.asp?view=publications_view&pubID=1128c4ebdd6

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International Monetary Fund: IMF has added two working papers in the last week. The papers are Nos. 07/120-07/121.

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

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

http://econ.worldbank.org/resource.php?type=5

New Papers are: 4233-4234.

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Organisation for Economic Co-operation and Development: "Globalisation And The Macroeconomic Policy Environment," by Karine Herve, Isabell Koske, Nigel Pain, and Franck Sedillot (Economics Department Working Papers No.552, May 2007, .pdf and Microsoft Word format, 81p.).

Abstract:

This paper investigates the macroeconomic policy challenges associated with a prospective continuation of international trade and financial integration over the next two decades, making use of a global macroeconomic model newly developed by the OECD. The analysis has several important policy implications. First, with the shares of non-OECD economies in world output, trade, and capital markets rising substantially, global economic developments would become much more dependent on developments in these economies than they used to be. Second, the sustainability of existing global current account imbalances will depend in part on the future build-up and composition of international assets and liabilities. While the imbalances could be sustainable for some time if economic integration continues at its current pace, a slowdown of the globalisation process would raise the likelihood of a disruptive adjustment in financial markets. Third, the increase in trade and financial linkages implies that macroeconomic shocks in a given country or region have a larger impact on other economies in the future than they do today. Policymakers in the OECD may have to act more promptly and more vigorously to economic "shocks" in the non-OECD economies in order to limit the impact on OECD economies.

http://www.olis.oecd.org/olis/2007doc.nsf/linkto/eco-wkp(2007)12

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Bank of England:

A. "Inter-industry contagion between UK life insurers and UK banks: an event study," by Marco Stringa and Allan Monks (Working Paper No. 325, May 2007, .pdf format, 31p.).

Abstract:

Understanding interlinkages in a financial system is an integral part of the assessment of its stability. This paper employs an event study technique to assess the significance of interlinkages from the UK life insurance sector to the UK banking system in times of stress. The paper uses a thorough methodology to enhance standard event study techniques by adjusting for autocorrelation and heteroskedasticity when calculating the abnormal returns’ forecast errors and for the offsetting effects in cumulative abnormal returns. We take an original approach by introducing the use of trading volumes to detect significant reactions not captured by the use of equity prices. The paper shows evidence of interlinkages from the UK life insurance to the UK banking sector, and concludes that contagion is driven by banks’ ownership of life insurance assets and only occurs during events that have hit the life insurance sector as a whole.

http://www.bankofengland.co.uk/publications/workingpapers/wp325.pdf

B. "Housing equity as a buffer: evidence from UK households," by Andrew Benito (Working Paper No. 324, May 2007, .pdf format, 40p.).

Abstract:

The decision to extract home equity is examined using household-level data for the United Kingdom, 1993 to 2003. At its peak during the period, around one in ten homeowners withdrew equity per year. The paper finds that the equity withdrawal decision conforms to predictions from the standard life-cycle framework and models that predict its use as a financial buffer. The paper also estimates responses to the large house price appreciation and significant reductions in mortgage rates seen during the period. This has implications for the size of the ‘collateral channel’ and credit channel models of monetary policy.

http://www.bankofengland.co.uk/publications/workingpapers/wp324.pdf

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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%3D2007&topSelect=publications&subSelect=papers

The new working papers are: 2791-2809.

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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 2007.

The new papers are numbered 1992-2002.

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New Economic Papers (NEP)-ALL. The latest list of New Economic Papers (May 12, 2007) is available at:

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://agecon.lib.umn.edu/cgi-bin/new.pl

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

Economics Letters (Vol. 95, No. 3, June 2007).

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

Journal of the American Statistical Association (Vol. 102, No. 478, June 2007). Note: Full electronic text of this journal is available in the ProQuest Research Library. Check your library for the availability of this database and this issue.

http://caliban.asa.catchword.org/vl=2166767/cl=11/nw=1/rpsv/cw/vhosts/asa/01621459/v102n478/contp1-1.htm

Journal of Econometrics (Vol. 139, No. 1, July 2007).

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

Journal of Mathematical Economics (Vol. 43, No. 5, June 2007).

http://www.sciencedirect.com/science/journal/03044068

Quarterly Review of Economics and Finance (Vol. 47, No. 2, May 2007).

http://www.sciencedirect.com/science/journal/10629769

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EMPLOYMENT OPPORTUNITIES

American Statistical Association: ASA has added several employment opportunities to its website in the last week:

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

New openings are dated May 16-May 21, 2007.

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LEGISLATION INFORMATION UPDATES:

US House Joint Economic Committee Report: "Challenges to Sustained Economic Growth in India," (Research Report No. 110-07, May 2007, .pdf format, 4p.).

http://www.house.gov/jec/publications/110/rr110-7.pdf

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DATA:

Inter-University Consortium for Political and Social Research: ICPSR at he University of Michigan released several new datasets on May 21, 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

New and updated data:

http://www.icpsr.umich.edu/org/announce.html

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

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

Click on "list".

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WEBSITE UPDATES:

US Department of Agriculture, Economic Research Service Briefing Room: "The WIC (Special Supplemental Nutrition Program for Women, Infants, and Children) Program." (May 2007)."The WIC Program Briefing Room provides a central point for obtaining information about research, publications, and data related to WIC (Special Supplemental Nutrition Program for Women, Infants, and Children). As the third largest USDA domestic food and nutrition assistance program, WIC serves over 8 million participants per month and costs exceeded 5 billion dollars in fiscal 2006."

http://www.ers.usda.gov/Briefing/WIC/

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