All Outputs (607)

Rules versus norms: How formal and informal institutions shape judicial sentencing cycles (2021)
Journal Article
Dippel, C., & Poyker, M. (2021). Rules versus norms: How formal and informal institutions shape judicial sentencing cycles. Journal of Comparative Economics, 49(3), 645-659. https://doi.org/10.1016/j.jce.2021.02.003

Existing research on electoral sentencing cycles consistently finds that elected judges levy longer sentences when they are up for re-election. However, this research finding had previously drawn exclusively on data from four states. Using newly coll... Read More about Rules versus norms: How formal and informal institutions shape judicial sentencing cycles.

African Leafy Vegetables for Improved Human Nutrition and Food System Resilience in Southern Africa: A Scoping Review (2021)
Journal Article
Isaac, A., Shayanowako, T., Morrissey, O., Tanzi, A., Muchuweti, M., Mendiondo, G. M., …Durazzo, A. (2021). African Leafy Vegetables for Improved Human Nutrition and Food System Resilience in Southern Africa: A Scoping Review. Sustainability, 13(5), Article 2896. https://doi.org/10.3390/su13052896

The economic potential of African leafy vegetables (ALVs) remains obscured by a poorly developed value chain. This scoping review assembled and examined scattered knowledge generated on ALVs across southern Africa, focusing on production, processing,... Read More about African Leafy Vegetables for Improved Human Nutrition and Food System Resilience in Southern Africa: A Scoping Review.

Dynamic Persuasion with Outside Information (2021)
Journal Article
Bizzotto, J., Rüdiger, J., & Vigier, A. (2021). Dynamic Persuasion with Outside Information. American Economic Journal: Microeconomics, 13(1), 179-194. https://doi.org/10.1257/mic.20180141

A principal seeks to persuade an agent to accept an offer of uncertain value before a deadline expires. The principal can generate information, but exerts no control over exogenous outside information. The combined effect of the deadline and outside... Read More about Dynamic Persuasion with Outside Information.

Christian missions and anti-gay attitudes in Africa (2021)
Journal Article
Ananyev, M., & Poyker, M. (2021). Christian missions and anti-gay attitudes in Africa. Journal of Economic Behavior and Organization, 184, 359-374. https://doi.org/10.1016/j.jebo.2021.02.003

We argue that colonial Christian missions had a long-term impact on anti-gay attitudes in Africa. We use a geo-coded representative survey of African countries and the location of historical Christian missions to estimate a significant and economical... Read More about Christian missions and anti-gay attitudes in Africa.

Simple Tests for Stock Return Predictability with Good Size and Power Properties (2021)
Journal Article
Harvey, D. I., Leybourne, S. J., & Taylor, A. M. R. (2021). Simple Tests for Stock Return Predictability with Good Size and Power Properties. Journal of Econometrics, 224(1), 198-214. https://doi.org/10.1016/j.jeconom.2021.01.004

We develop easy-to-implement tests for return predictability which, relative to extant tests in the literature, display attractive finite sample size control and power across a wide range of persistence and endogeneity levels for the predictor. Our a... Read More about Simple Tests for Stock Return Predictability with Good Size and Power Properties.

Reserve Volatility and the Identification of Exchange Rate Regimes (2021)
Journal Article
Bleaney, M., & Tian, M. (2021). Reserve Volatility and the Identification of Exchange Rate Regimes. Open Economies Review, 32(4), 701–723. https://doi.org/10.1007/s11079-021-09617-7

Should exchange rate regime classifications be based purely on some measure of exchange rate flexibility, or should such flexibility be judged in proportion to the degree of exchange market pressure (EMP), as reflected in the behaviour of internation... Read More about Reserve Volatility and the Identification of Exchange Rate Regimes.

Growing Like China: Firm Performance and Global Production Line Position (2021)
Journal Article
Chor, D., Manova, K., & Yu, Z. (2021). Growing Like China: Firm Performance and Global Production Line Position. Journal of International Economics, 130, Article 103445. https://doi.org/10.1016/j.jinteco.2021.103445

Global value chains have fundamentally transformed international trade and development in recent decades. We use matched firm-level customs and manufacturing survey data, together with Input-Output tables for China, to examine how Chinese firms posit... Read More about Growing Like China: Firm Performance and Global Production Line Position.

Who Looks after the Kids? The Effects of Childcare Choice on Early Childhood Development in China (2021)
Journal Article
Zhang, J., Appleton, S., Song, L., & Liu, B. (2021). Who Looks after the Kids? The Effects of Childcare Choice on Early Childhood Development in China. Oxford Bulletin of Economics and Statistics, 83(3), 619-640. https://doi.org/10.1111/obes.12410

This paper examines whether childcare choice affects the early childhood development of children aged 7-59 months. Using the data from Chinese Family Panel Surveys, we look at household choices between parental and grandparental cares and the timing... Read More about Who Looks after the Kids? The Effects of Childcare Choice on Early Childhood Development in China.

Redenomination risk in eurozone corporate bond spreads (2021)
Journal Article
Bleaney, M., & Veleanu, V. (2021). Redenomination risk in eurozone corporate bond spreads. European Journal of Finance, 27(13), 1303-1325. https://doi.org/10.1080/1351847x.2021.1882524

We investigate the risk spillover from euro area government bond spreads (relative to a safe German government bond of similar maturity) to nonfinancial corporate bonds in France, the Netherlands (‘hard’ euro-area countries), and Italy, Portugal and... Read More about Redenomination risk in eurozone corporate bond spreads.

The association between gambling and financial, social and health outcomes in big financial data (2021)
Journal Article
Muggleton, N., Parpart, P., Newall, P., Leake, D., Gathergood, J., & Stewart, N. (2021). The association between gambling and financial, social and health outcomes in big financial data. Nature Human Behaviour, 5, 319-326. https://doi.org/10.1038/s41562-020-01045-w

Gambling is an ordinary pastime for some people, but is associated with addiction and harmful outcomes for others. Evidence of these harms is limited to small sample, crosssectional self-reports, such as prevalence surveys. We examine the association... Read More about The association between gambling and financial, social and health outcomes in big financial data.

Adaptive Testing for Cointegration With Nonstationary Volatility (2021)
Journal Article
Boswijk, H. P., & Zu, Y. (2022). Adaptive Testing for Cointegration With Nonstationary Volatility. Journal of Business and Economic Statistics, 40(2), 744-755. https://doi.org/10.1080/07350015.2020.1867558

This article develops a class of adaptive cointegration tests for multivariate time series with nonstationary volatility. Persistent changes in the innovation variance matrix of a vector autoregressive model lead to size distortions in conventional c... Read More about Adaptive Testing for Cointegration With Nonstationary Volatility.

Zoomshock: The geography and local labour market consequences of working from home (2021)
Journal Article
De Fraja, G., Matheson, J., & Rockey, J. (2021). Zoomshock: The geography and local labour market consequences of working from home. Covid Economics, 1-41

The Covid-19 health crisis has led to a substantial increase in work done from home, which shifts economic activity across geographic space. We refer to this shift as a 'Zoomshock'. The Zoomshock has implications for locally consumed services; the cl... Read More about Zoomshock: The geography and local labour market consequences of working from home.

The rhetoric of closed borders: quotas, lax enforcement and illegal immigration (2021)
Journal Article
Facchini, G., & Testa, C. (2021). The rhetoric of closed borders: quotas, lax enforcement and illegal immigration. Journal of International Economics, 129, Article 103415. https://doi.org/10.1016/j.jinteco.2020.103415

Governments do not always enforce their laws, even when they have the means of doing so, and lax enforcement is common in the domain of immigration policy. To explain this paradox we develop a political agency model where gains from migration are une... Read More about The rhetoric of closed borders: quotas, lax enforcement and illegal immigration.

Expert assessment of future vulnerability of the global peatland carbon sink (2020)
Journal Article
Loisel, J., Gallego-Sala, A. V., Amesbury, M. J., Magnan, G., Anshari, G., Beilman, D. W., …Wu, J. (2020). Expert assessment of future vulnerability of the global peatland carbon sink. Nature Climate Change, https://doi.org/10.1038/s41558-020-00944-0

© 2020, The Author(s), under exclusive licence to Springer Nature Limited. The carbon balance of peatlands is predicted to shift from a sink to a source this century. However, peatland ecosystems are still omitted from the main Earth system models th... Read More about Expert assessment of future vulnerability of the global peatland carbon sink.

Robust pricing with refunds (2020)
Journal Article
Hinnosaar, T., & Kawai, K. (2020). Robust pricing with refunds. RAND Journal of Economics, 51(4), 1014-1036. https://doi.org/10.1111/1756-2171.12348

Before purchase, a buyer of an experience good learns about the product's fit using various information sources, including some of which the seller may be unaware of. The buyer, however, can conclusively learn the fit only after purchasing and trying... Read More about Robust pricing with refunds.

The anatomy of behavioral responses to social assistance when informal employment is high (2020)
Journal Article
Bergolo, M., & Cruces, G. (2021). The anatomy of behavioral responses to social assistance when informal employment is high. Journal of Public Economics, 193, Article 104313. https://doi.org/10.1016/j.jpubeco.2020.104313

The disincentive effects of social assistance programs on registered (or formal) employment are a first-order policy concern in developing and middle-income countries. We study the impact of a conditional cash transfer (CCT) program in Uruguay on the... Read More about The anatomy of behavioral responses to social assistance when informal employment is high.

Micro to Macro: Optimal Trade Policy With Firm Heterogeneity (2020)
Journal Article
Costinot, A., Rodríguez-Clare, A., & Werning, I. (2020). Micro to Macro: Optimal Trade Policy With Firm Heterogeneity. Econometrica, 88(6), 2739-2776. https://doi.org/10.3982/ECTA14763

The empirical observation that "large firms tend to export, whereas small firms do not" has transformed the way economists think about the determinants of international trade. Yet, it has had surprisingly little impact on how economists think about t... Read More about Micro to Macro: Optimal Trade Policy With Firm Heterogeneity.

The rhetoric of closed borders: quotas, lax enforcement and illegal immigration (2020)
Working Paper
Facchini, G., & Testa, C. The rhetoric of closed borders: quotas, lax enforcement and illegal immigration

Governments do not always enforce their laws, even when they have the means of doing so, and lax enforcement is common in the domain of immigration policy. To explain this paradox we develop a political agency model where gains from migration are une... Read More about The rhetoric of closed borders: quotas, lax enforcement and illegal immigration.

Skill-Biased Structural Change (2020)
Working Paper
Buera, F. J., Kaboski, J. P., Rogerson, R., & Vizcaino, J. I. Skill-Biased Structural Change

Using a broad panel of advanced economies we document that increases in GDP per capita are associated with a systematic shift in the composition of value added to sectors that are intensive in high-skill labor, a process we label as skill-biased stru... Read More about Skill-Biased Structural Change.

Do Better-Performing Nongovernmental Organizations Report More Accurately? Evidence from Financial Accounts in Uganda (2020)
Journal Article
Burger, R., Dang, C. T., & Owens, T. (2021). Do Better-Performing Nongovernmental Organizations Report More Accurately? Evidence from Financial Accounts in Uganda. Economic Development and Cultural Change, 69(2), 789-828. https://doi.org/10.1086/703099

We use Benford’s Law to investigate inaccurate financial reports of a representative sample of Ugandan nongovernmental organizations (NGOs). We find that 25% of the sample provided information that did not conform to the Benford distribution, suggest... Read More about Do Better-Performing Nongovernmental Organizations Report More Accurately? Evidence from Financial Accounts in Uganda.