Recently added articles from Contemporary Economic Policy:
ESTIMATING THE IMPACT OF BEER PRICES ON THE INCIDENCE OF SEXUALLY TRANSMITTED DISEASES: CROSS-PROVINCE AND TIME SERIES EVIDENCE FROM CANADA
Oct 01, 2008; ... We attempt to contribute to the literature by evaluating the effects of higher beer prices on gonorrhea and chlamydia rates through pooling data across Canadian provinces and over time. Ordinary least squares as well as instrumental variables estimates suggest that higher real beer prices are ...
WHY WAIT?: EXAMINING DELAYED WIC PARTICIPATION AMONG PREGNANT WOMEN
Oct 01, 2008; ... Despite the benefits of prenatal participation in the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC), many eligible women either do not participate or begin participation late in their pregnancies. Using recent nationally representative data, we find that more ...
INTERACTIONS BETWEEN WELFARE CASELOADS AND LOCAL LABOR MARKETS
Oct 01, 2008; ... This paper provides an empirical examination of interactions between welfare case-loads and local labor markets using data on caseload stocks, entries, and exits. Granger-causality tests show that unemployment rates Granger-cause caseload activity but caseload activity does not Granger-cause ...
IMMIGRANT SELECTION SYSTEMS AND IMMIGRANT HEALTH
Oct 01, 2008; ... This paper is an analysis of the determinants of self-reported health status of immigrants, with a particular focus on the type of visa used to gain admission. The empirical analysis uses the three waves of the Longitudinal Survey of Immigrants to Australia (panel I). Immigrant health is greater ...
DOES MONEY MATTER FOR INFLATION IN THE EURO AREA?
Oct 01, 2008; ... We analyze the relationship between M3 growth and inflation within an error correction framework including also the output gap, the 3-mo EURIBOR, and the 10-yr government bond yield. We find robust cointegration between money growth and inflation. Shocks in M3 growth account for up to 30% of the ...
BANK EFFICIENCY AND THE EFFECTIVENESS OF MONETARY POLICY
Oct 01, 2008; ... Advances in information technology and bank consolidation have altered the way banks operate by necessitating that banks control costs and provide services efficiently to remain competitive. Given the unique role bank operations play in the transmission of monetary policy, a key unresolved ...
WHAT DETERMINES THE "LEGAL" QUALITY OF BANK REGULATION AND SUPERVISION?
Oct 01, 2008; ... This article has two contributions. First, using the methodology of Neyapti and Dincer, it provides measures of legal quality of bank regulation and supervision (RS) for a new set of developed and less-developed countries. Second, it investigates the determinants of RS in view of the hypothesis ...
ARE FINANCIAL SECTOR POLICIES EFFECTIVE IN DEEPENING THE MALAYSIAN FINANCIAL SYSTEM?
Oct 01, 2008; ... This paper provides an empirical assessment of the effects of financial sector policies on development of the financial system in Malaysia over the period 1959-2005. The technique of principal component analysis is used to construct a summary measure of interest rate policies in order to account ...
INCENTIVE ISSUES IN R&D CONSORTIA: INSIGHTS FROM APPLIED GAME THEORY
Oct 01, 2008; ... This article sketches how insights from applied game theory can be applied to Research and Development (R&D) consortia using a case study on an international plant breeding consortium. The insights jointly comprise a new "logic of collective action in R&D," which is inspired by Olson's ...
UNIVERSITY COST STRUCTURE IN TAIWAN
Oct 01, 2008; ... In this paper we demonstrate that the measures of scale and scope economies may be elusive if failing to consider quality variation among universities and endogeneity of congestion in students' learning and living facility utilization. Empirical results show that the private and highly congested ...
DAMS, DAM REMOVAL, AND RIVER RESTORATION: A HEDONIC PROPERTY VALUE ANALYSIS
Apr 01, 2008; ... This article presents the results of a hedonic property value analysis for multiple hydropower sites along the Kennebec River in Maine, including the former site of the Edwards Dam in Augusta, Maine. The effect of the removal of the Edwards Dam on the Kennebec River in Maine is examined through ...
DOES SMALL DAM REMOVAL AFFECT LOCAL PROPERTY VALUES? AN EMPIRICAL ANALYSIS
Apr 01, 2008; ... This paper uses hedonic analysis to examine the impact of small dam removal on property values in south-central Wisconsin. Data on residential property sales were obtained for three categories of sites: those where a small dam remains intact, those where a small dam was removed, and those where ...
MAY ISSUE VERSUS SHALL ISSUE: EXPLAINING THE PATTERN OF CONCEALED-CARRY HANDGUN LAWS, 1960-2001
Apr 01, 2008; ... We analyze the timing and pattern of adoption of "shall issue" concealed-carry handgun laws. "Shall issue" laws require the authorities to issue permits to qualified applicants; "may issue" laws give the authorities more latitude to reject applications. We find three factors influence the shift ...
CRIMINAL SENTENCING GUIDELINES AND JUDICIAL DISCRETION
Apr 01, 2008; ... This article studies the institutional structure of criminal sentencing, focusing on the interaction between legislatures, which set sentencing ranges ex ante, and judges, who choose actual sentences from within those ranges ex post. The key question concerns the extent to which judges are ...
INSIDE THE IMPOSSIBLE TRIANGLE: MONETARY POLICY AUTONOMY IN A CREDIBLE TARGET ZONE
Apr 01, 2008; ... This paper examines the trade-off between exchange rate stability and monetary autonomy for a target zone. Using the guilder-mark target zone in the pre-Economic and Monetary Union period as a case study, we empirically estimate how much policy discretion the Dutch central bank still enjoyed and ...
PROMOTING INNOVATION AND THE DEPLOYMENT OF ADVANCED TELECOMMUNICATIONS SERVICES TO BUSINESSES
Apr 01, 2008; ... This paper examines the concomitant effects that competition, regulation, market characteristics, and corporate ownership have on the deployment of advanced telecommunications services (ATS) to business customers through the econometric analysis of a rich data set that identifies the ...
"SPILLOVERS" AND PRODUCTIVITY: THE CASE OF THE TAIWANESE HIGH-TECH FIRMS
Apr 01, 2008; ... In this paper, we first estimate firms' total factor productivity by differentiating marginal contributions to firms' production from various types of workers, grouped by their highest educational attainments. Second, we investigate whether there are human capital as well as research and ...
EFFECTS OF STRENGTHENING INTELLECTUAL PROPERTY RIGHTS IN NEWLY INDUSTRIALIZED ECONOMIES: EVIDENCE FROM TAIWAN'S 1994 PATENT REFORM
Apr 01, 2008; ... Does strengthening intellectual property rights (IPR) in terms of a longer patent life induce more patents? This article investigates the responses of high-technology firms to Taiwan's 1994 patent reform. Empirical analyses reveal that firms' patenting propensity rose gradually before patent ...
HOUSE PRICES IN THE MEASUREMENT OF INFLATION IN THE EURO AREA
Apr 01, 2008; ... An important element of the current monetary policy debate in Europe is the question of if and how house prices should be included in the harmonized index of consumer prices (HICP). This paper uses a signal extraction approach to inflation measurement to illustrate the impact of including house ...
A COMPARATIVE ANALYSIS OF PAYDAY LOAN CUSTOMERS
Apr 01, 2008; ... One of the most rapidly growing and controversial forms of consumer lending to recently emerge in the marketplace has been payday advances. This form of credit allows the borrower to obtain a small amount of cash for a short period of time. Claims of predatory lending often arise due to the high ...