Current Social Science Research Report--Economics #41, November 28, 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 #41

To CSSRR-Health #41

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

LEGISLATION INFORMATION UPDATES

DATA

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CENTRAL GOVERNMENT STATISTICAL AND NGO PUBLICATIONS

US:

1. Bureau of Economic Analysis Periodical: Survey of Current Business (Vol. 87, No. 11, November 2007, .pdf format).

http://www.bea.gov/scb/toc/1107cont.htm

2. US Government Economic Releases from the National Bureau of Economic Research: Links to releases for Nov. 21-28, 2007 are available at the site.

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

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US States:

Hawai'i:

Department of Business, Economic Development and Tourism Periodical: Quarterly Statistical & Economic Report (4th Quarter 2007, November 2007, .pdf format, 147p., with .zip compressed text in Microsoft Word format and tables in Microsoft Excel format).

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

Maryland:

State Data Center Reports:

A. "State and Local Government Employees per 10,000 Population" (November 2007, Microsoft Excel and .pdf format).

http://www.mdp.state.md.us/MSDC/dw_govemp.htm

B. "Annual Jobs and Personal Income for States and Regions of the U.S. Through 2006 (Released September 2007)," (November 2007, Microsoft Excel and .pdf format).

http://www.mdp.state.md.us/msdc/bea/Sa06/SA06_index.htm

C. "Historical and Projected Data" (October 2007 revision, Microsoft Excel and .pdf format). Note: some of the .pdf files are missing at this time:

Historical and Projected Labor Force 1970 to 2030

http://www.mdp.state.md.us/msdc/dw_HisProj_LF.htm

Historical and Projected Labor Force Participation Rate 1970 to 2030

http://www.mdp.state.md.us/msdc/dw_HisProj_LF_PartRate.htm

Historical and Projected Total Jobs by Place of Work 1970 to 2030

http://www.mdp.state.md.us/msdc/dw_HisProj_TotJobs.htm

Historical and Projected Total Personal Income for Maryland's Jurisdictions

http://www.mdp.state.md.us/msdc/dw_HisProj_PerInc.htm

Historical and Projected Per Capita Personal Income for Maryland's Jurisdictions

http://www.mdp.state.md.us/msdc/dw_HisProj_PerCapita_PerInc.htm

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NGOs and Other Countries:

European Commission:

Eurostat Report: "Consumers in Europe" (November 2007, .pdf format, 182p.).

http://epp.eurostat.ec.europa.eu/portal/page?_pageid=1073,46587259&_dad=portal&_schema=PORTAL&p_product_code=KS-DY-07-001

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International Monetary Fund:

The latest Country Reports span the time period from Nov. 20-28, 2007 (No. 07/368-07/370).

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

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Organisation for Economic Co-Operation and Development Brief: "Economic Survey of Chile, 2007," (November 2007, .pdf format, 12p.).

http://www.oecd.org/dataoecd/40/26/39672551.pdf

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Denmark:

StatBank Denmark Update: "DNVALA: Yearly exchange rates by currency, type and methodology" (November 2007).

http://www.statbank.dk/DNVALA

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Iceland:

Statistics Iceland Report: "Building cost index 2007" (November 2007, .pdf format, 11p.). Text is in Icelandic, tables and charts are in Icelandic and English. There is an English summary on the last page of the report.

http://www.statice.is/Pages/452?itemid=0259f14d-5f52-46e5-95d2-8b085d8a6471

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Netherlands:

Statistics Netherlands Web Magazine Articles:

A. "Most women earn less than their partners," by Karin Hagoort and Maaike Hersevoort (Nov. 20, 2007).

http://www.cbs.nl/en-GB/menu/themas/dossiers/vrouwen-en-mannen/publicaties/artikelen/archief/2007/2007-2328-wm.htm

B. "Wassenaar Agreement marks turning point for labour market," by Hans Langenberg and Job van der Zwan (Nov. 22, 2007).

http://www.cbs.nl/en-GB/menu/themas/macro-economie/publicaties/artikelen/archief/2007/2007-2321-wm.htm

C. "Construction sector is heading for record turnover," by Ron Duijkers, Rian van Gulijk-Boon and Wilco de Jong (Nov. 27, 2007).

http://www.cbs.nl/en-GB/menu/themas/bouwen-wonen/publicaties/artikelen/archief/2007/2007-2331-wm.htm

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Norway:

Statistics Norway News Releases:

A. "National accounts, Institutional sector accounts, 2006: Increased saving in Norway" (Nov. 20, 2007).

http://www.ssb.no/english/subjects/09/01/nri_en/

B. "National accounts, annual, final national account 2005and preliminary national accounts 2006: Only small revisions in GDP-growth" (Nov. 20, 2007).

http://www.ssb.no/english/subjects/09/01/nr_en/

C. "Public purchasing, 2006: Significant increase in public purchasing" (Nov. 20, 2007). The news release links to 1 topical table.

http://www.ssb.no/english/subjects/12/01/offinnkj_en/

D. "General government fiscal account, revenue and expenditure, 2006: Upward adjustment of government income in 2006" (Nov. 20, 2007).

http://www.ssb.no/english/subjects/12/01/offinnut_en/

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Oman:

Ministry of the National Economy Periodical: Monthly Statistical Bulletin (October 2007, .pdf format). The publication is in Arabic and English.

http://www.moneoman.gov.om/publication_detail.asp?pid=342

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Poland:

Central Statistical Office Periodical: Statistical Bulletin (No. 10/2007, November 2007, Microsoft Excel format, with technical documentation in .pdf format, 27p., and .zip compressed Excel and .pdf format).

http://www.stat.gov.pl/gus/45_738_ENG_HTML.htm

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Romania:

National Institute of Statistics Periodical: International Trade Statistical Bulletin (No. 8, November 2007, .pdf format, 120p.). The periodical is in Romanian and English.

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

Click on the picture of International Trade Statistical Bulletin - No.8 for link to full text.

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Slovenia:

Statistical Office News Release: "Research & development activity, Slovenia, 2006-- provisional data" (Nov. 19, 2007).

http://www.stat.si/eng/novica_prikazi.aspx?id=1269

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Sweden:

Statistics Sweden Press Release: "Financial Accounts 2006: Households sold shares and equity funds" (Nov. 22, 2007).

http://www.scb.se/templates/pressinfo____219028.asp

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UK:

1. Communities and Local Government Statistical Release: "Local Authority Capital Expenditure and Receipts: England 2006-07 2nd Provisional Outturn" (September 2007, .pdf format, 9p.).

http://www.local.odpm.gov.uk/finance/stats/cpr067.pdf

2. National Statistics Office First Release: "UK Business Enterprise: Research and Development 2006" (November 2007, .pdf format, 13p.).

http://www.statistics.gov.uk/pdfdir/berd1107.pdf

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OTHER REPORTS, ARTICLES, ETC.

Center for Strategic and International Studies Report: "Critical Questions: The China Currency Conundrum," by Charles Freeman (November 2007, .pdf format, 2p.).

http://www.csis.org/component/option,com_csis_pubs/task,view/id,4185/type,1/

More information on CSIS:

http://www.csis.org/about/

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Fraser Institute Report: "(Canadian) Corporate Welfare: A 144 billion dollar (145.32 billion US dollars) addiction ," by Mark Milke (November 2007, .pdf format, 61p.). Links to an executive summary and full text are available at the site.

http://www.fraserinstitute.org/COMMERCE.WEB/publication_details.aspx?pubID=5069

More information on FI:

http://www.fraserinstitute.org/aboutus/whoweare/

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C.D. Howe Institute (Toronto, Ontario, Canada) Commentary: "Financial Stability: What It Is and Why It Matters," by Charles Freedman and Clyde Goodlet (November 2007, .pdf format, 23p.).

http://www.cdhowe.org/pdf/commentary_256.pdf

More information on CDHI:

http://www.cdhowe.org/display.cfm?page=about

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WORKING PAPERS:

Federal Reserve:

Federal Reserve Bank of Cleveland [Ohio]: "Oil and the Great Moderation," by Anton Nakov and Andrea Pescatori (Working Paper 2007-17, November 2007, .pdf format, 28p.).

Abstract:

We assess the extent to which the period of great U.S. macroeconomic stability since the mid-1980s can be accounted for by changes in oil shocks and the oil share in GDP. To do this we estimate a DSGE model with an oil-producing sector before and after 1984 and perform counterfactual simulations. We nest two popular explanations for the Great Moderation: (1) smaller (non-oil) real shocks; and (2) better monetary policy. We find that the reduced oil share accounted for as much as one-third of the inflation moderation and 13% of the growth moderation, while smaller oil shocks accounted for 11% of the inflation moderation and 7% of the growth moderation. This notwithstanding, better monetary policy explains the bulk of the inflation moderation, while most of the growth moderation is explained by smaller TFP shocks.

http://www.clevelandfed.org/research/workpaper/2007/wp0717.pdf

Federal Reserve Bank of New York: "Payday Holiday: How Households Fare after Payday Credit Bans," by Donald P. Morgan and Michael R. Strain (Staff Report No. 309, November 2007, .pdf format, 43p.). Links to an abstract and full text are available at:

http://www.newyorkfed.org/research/staff_reports/sr309.html

Federal Reserve Bank of Philadelphia: "The Anatomy of U.S. Personal Bankruptcy Under Chapter 13," by Hülya Eraslan, Wenli Li, and Pierre-Daniel Sarte (Working Paper No. 07-31, November 2007, .pdf format, 40p.).

Abstract:

By compiling a novel data set from bankruptcy court dockets recorded in Delaware between 2001 and 2002, the authors build and estimate a structural model of Chapter 13 bankruptcy. This allows them to quantify how key debtor characteristics, including whether they are experiencing bankruptcy for the first time, their past-due secured debt at the time of filing, and income in excess of that required for basic maintenance, affect the distribution of creditor recovery rates. The analysis further reveals that changes in debtors' conditions during bankruptcy play a nontrivial role in governing Chapter 13 outcomes, including their ability to obtain a financial fresh start. The authors' model then predicts that the more stringent provisions of Chapter 13 recently adopted, in particular those that force subsets of debtors to file for long-term plans, do not materially raise creditor recovery rates but make discharge less likely for that subset of debtors. This finding also arises in the context of alternative policy experiments that require bankruptcy plans to meet stricter standards in order to be confirmed by the court.

http://www.philadelphiafed.org/files/wps/2007/wp07-31.pdf

Federal Reserve Bank of St. Louis [Missouri]: "States and the Business Cycle," by Michael T. Owyang, David E. Rapach, and Howard J. Wall (Working Paper No. 2007-050A, November 2007, .pdf format, 36p.). Links to an abstract and full text are available at:

http://research.stlouisfed.org/wp/more/2007-050/

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US Bureau of Labor Statistics: "Household Spending Patterns: A Comparison of Four Census Regions," by Cassandra Yocum (Working Paper No. 412, November 2007, .pdf format, 42p.). Links to an abstract and full text are available at:

http://www.bls.gov/ore/abstract/ec/ec070110.htm

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International Monetary Fund: IMF has recently added two new working papers. The papers are Nos. 262-264.

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

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Centre d'Etudes de Populations, de Pauvreté 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): "Measurement of national intellectual capital: application to EU countries," by Dorota Weziak (IRISS Working Paper No. 2007-13, November 2007, .pdf format, 41p.).

Abstract:

The aim of the article is to present both an alternative approach to measurement of intellectual capital of a country (IC) and a calculation of IC index. In order to achieve it, at first a definition of IC was adopted and a conceptual model of IC was worked out. Then, a method of operationalisation of conceptual model was elaborated, which comprised: 1. method of transforming the theoretical concept and relations into more concise ones that enabled the measurement sensu stricto, 2. selection of indicators of each component of IC, 3. adoption of appropriate method of aggregation of indicators. Finally the measurement of each component of IC and IC itself for UE countries was executed. Proposed method of IC measurement can be regarded as the extension of the proposals of Bontis (Bontis, 2004) and Andriessen and Stam (Andriessen, Stam, 2004). Thanks to the application of different approach to data aggregation the subjective decision concerning weights imposed on IC indicators made by Bontis was confirmed. Different factor loadings and resulting from them factor scores for each measurement model of components of IC and IC itself proved the indicators are not of the same importance. Although it could be useful and interesting to compare their relative importance, unfortunately it was impossible to conduct due to the lack of entire comparability of the indicators used. Strong correlation between IC index and GDP per capita indicated that there was a significant level of information carried by the IC index. First of all, it should be pointed out that IC probably explains significant part of the difference in the level of development of various countries. Secondly, it does not carry the full information about the value of the GDP in economy, so it possibly carries also information about the future development of a country.

http://www.ceps.lu/pdf/11/art1294.pdf?CFID=135426&CFTOKEN=34629003

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Institute for Social and Economic Research (ISER) [University of Essex, Colchester, UK]: "Inequalities Within Couples: Market Incomes and the Role of Taxes and Benefits in Europe," by Francesco Figari, Herwig Immervoll, Horacio Levy, and Holly Sutherland (ISER Working Paper 2007-28, November 2007, .pdf format, 39p.).

Abstract:

In spite of there being few elements of tax or cash benefit systems in developed countries that are any longer explicitly gender-biased in a discriminatory sense, it is well recognised that they have significant gender effects. To the extent that women earn less than men on average under tax-benefit systems that are progressive, there is some redistribution from men to women overall. However, an aggregate perspective is insufficient for understanding how earning opportunities and public policies affect living arrangements at the family level in general and the circumstances of men and women in particular. Arguably, it is within the household that a gendered division of labour is most relevant.

It is difficult to observe how income and other resources get allocated within households. We can, however, observe the incomes brought into the household and to what extent taxes and benefits mitigate (or indeed exacerbate) any inequality of income between men and women. We explore the effects of tax and benefit systems on differences in income and in incentives to earn income between men and women within couples in a selection of the member countries of the European Union (EU) using EUROMOD, the EU tax-benefit microsimulation model.

This comparative perspective allows us to establish the relative effects of different policy regimes, given the underlying characteristics of each national population, using a consistent approach and set of incidence assumptions across countries.

http://www.iser.essex.ac.uk/pubs/workpaps/pdf/2007-28.pdf

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

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

New paper is: 4409-4416.

Click on "More" for the rest.

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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 2142-2153

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New Economic Papers (NEP)-ALL. The latest lists of New Economic Papers (Nov. 17, 2007) are 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):

Economic Journal (Vol. 117, No. 524, November 2007).

http://www.blackwell-synergy.com/toc/ecoj/117/524

Journal of Econometrics (Vol. 142, No. 1, January 2008).

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

Journal of Financial Economics (Vol. 86, No. 3, December 2007).

http://www.sciencedirect.com/science/journal/0304405X

Journal of the Royal Statistical Society: Part B (Statistical Methodology), Vol. 69, Part 5, 2007; Part C (Applied Statistics), Vol. Vol 56, Part 5, 2007).

http://www.rss.org.uk/main.asp?page=1805

Quarterly Journal of Economics (Vol. 122, No. 4, November 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://www.mitpressjournals.org/toc/qjec/122/4

Review of Financial Economics (Vol. 16, No. 4, 2007).

http://www.sciencedirect.com/science/journal/10583300

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LEGISLATION INFORMATION UPDATES:

US House Agriculture Committee Hearing Publication: "Review the Availability of Credit in Rural America," a hearing held Mar. 27, 2007 (House Serial Publication 110-08, ASCII text and .pdf format, 217p.).

http://www.gpoaccess.gov/chearings/search.html

Search 110th Congress House Hearings for "110-08" (with the quotes).

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US House Financial Services Committee Hearing Publication: "The State of the International Financial System," a hearing held Jun. 20, 2007 (House Serial Publication 110-42m ASCII text and .pdf format, 64p.).

http://www.gpoaccess.gov/chearings/search.html

Search 110th Congress House Hearings for "110-42" (with the quotes).

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US House Ways and Means Committee Hearing Publication: "Tax-Exempt Charitable Organizations," a hearing held Jul. 24, 2007 (House Serial Publication 110-55, ASCII text and .pdf format, p. 263p.).

http://www.gpoaccess.gov/chearings/search.html

Search 110th Congress House Hearings for "110-55" (with the quotes).

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DATA:

Luxembourg Income Study: LIS announced "Revision notes -Hungary 1999." (November 2007).

http://www.lisproject.org/techdoc/revisions.htm#rev39

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US Department of Agriculture, Economic Research Service: "Feed Grains Database: (updated November 2007, HTML, .pdf, or Microsoft Excel format). "This database contains statistics on four feed grains (corn, grain sorghum, barley, and oats), foreign coarse grains (feed grains plus rye, millet, and mixed grains), hay, and related items. This includes data published in the monthly Feed Outlook and previously annual Feed Yearbook. Data are monthly, quarterly, and/or annual depending upon the data series."

http://www.ers.usda.gov/Data/FeedGrains/

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