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Full-Text Articles in Economic History

A Correction For Regression Discontinuity Designs With Group-Specific Mismeasurement Of The Running Variable, Otávio Bartalotti, Quentin Brummet, Steven Dieterle May 2019

A Correction For Regression Discontinuity Designs With Group-Specific Mismeasurement Of The Running Variable, Otávio Bartalotti, Quentin Brummet, Steven Dieterle

Economics Working Papers

When the running variable in a regression discontinuity (RD) design is measured with error, identification of the local average treatment effect of interest will typically fail. While the form of this measurement error varies across applications, in many cases the measurement error structure is heterogeneous across different groups of observations. We develop a novel measurement error correction procedure capable of addressing heterogeneous mismeasurement structures by leveraging auxiliary information. We also provide adjusted asymptotic variance and standard errors that take into consideration the variability introduced by the estimation of nuisance parameters, and honest confidence intervals that account for potential misspecification. Simulations ...


The Controversial F-35 Joint Strike Fighter: America's Most Expensive Weapons System And Its Global Impact, Bert Chapman Apr 2018

The Controversial F-35 Joint Strike Fighter: America's Most Expensive Weapons System And Its Global Impact, Bert Chapman

Libraries Faculty and Staff Creative Materials

Provides an overview on the F-35 Joint Strike Fighter (JSF) program involving the U.S. and many allied countries. Describes the costs of this program, the technical problems it has experienced, its economic impact on the U.S. and allied countries, the JSF's operational capabilities, potential combat scenarios in which it could be used, and the campaign finance impact aerospace companies and unions have in the electoral process.


The Rule Of Reason, Herbert J. Hovenkamp Jan 2018

The Rule Of Reason, Herbert J. Hovenkamp

Faculty Scholarship at Penn Law

Antitrust’s rule of reason was born out of a thirty-year (1897-1927) division among Supreme Court Justices about the proper way to assess multi-firm restraints on competition. By the late 1920s the basic contours of the rule for restraints among competitors was roughly established. Antitrust policy toward vertical restraints remained much more unstable, however, largely because their effects were so poorly understood.

This article provides a litigation field guide for antitrust claims under the rule of reason – or more precisely, for situations when application of the rule of reason is likely. At the time pleadings are drafted and even up ...


In Classical And Keynesian Times: The Twentieth Century Economy Revisited, Lewis Karstensson Jan 2017

In Classical And Keynesian Times: The Twentieth Century Economy Revisited, Lewis Karstensson

Economics Faculty Publications

A descriptive analysis of the performance of the United States economy with respect to production, employment, and average price level over the twentieth century by presidential administration.


Housing Market Bust And Farmland Values: Identifying The Changing Influence Of Proximity To Urban Centers, Wendong Zhang, Cynthia J. Nickerson Nov 2015

Housing Market Bust And Farmland Values: Identifying The Changing Influence Of Proximity To Urban Centers, Wendong Zhang, Cynthia J. Nickerson

Economics Publications

This article estimates the impact of the 2007–2008 residential housing market bust on farmland values, using parcel-level farmland sales data from 2001–2010 for a 50-county region under urbanization pressure in western Ohio. Hedonic model estimates reveal that farmland was not immune to the residential housing bust; the portion of farmland value attributable to proximity to urban areas was almost cut in half shortly after the bust in 2009–2010. Nonetheless, total farmland prices remained relatively stable in the 2000s, likely due to increased demand for agricultural commodities. Our results are robust to different assumptions about the structure of ...


Monetary Expansion And Bank Credit: A Lack Of Spark, Lucjan T. Orlowski Jan 2015

Monetary Expansion And Bank Credit: A Lack Of Spark, Lucjan T. Orlowski

WCBT Faculty Publications

This paper aims to evaluate the effects of the Federal Reserve monetary expansion over thepast 15 years on the credit channel of monetary policy transmission. To do so, we analyze the allocation of the Fed vast liquidity injections by the U.S. banks. The underlying hypothesis is that the considerable monetary expansion neutralized the bank credit expansion as banks channeled borrowed liquidity into other assets.

The monetary expansion was propelled by the financial crisis of 2007–2008. The crisis led to the rapid deterioration of asset performance and liquidity of the banking system. Among the key factors contributing to the ...


Forging A University Research Mission, Joshua L. Rosenbloom Jan 2015

Forging A University Research Mission, Joshua L. Rosenbloom

Economics Publications

The university exists to accommodate and implement the whole human learning process, and this must include creative scholarship and research. Thus research is not an optional activity of the university, not merely a legitimate pursuit of those who may be interested and willing to dedicate their spare time, nor an assignment justified to either the university or the professor by the resultant income in dollars and publicity. Rather, research is an inescapable responsibility of the university and an inseparable part of its total educational function. "The Place of Research in the University"


Interest Groups In The Teaching Of Legal History, Herbert J. Hovenkamp Nov 2014

Interest Groups In The Teaching Of Legal History, Herbert J. Hovenkamp

Faculty Scholarship at Penn Law

One reason legal history is more interesting than it was several decades ago is the increased role of interest groups in our accounts of legal change. Diverse movements including law and society, critical legal theory, comparative law, and public choice theory have promoted this development, even among writers who are not predominantly historians. Nonetheless, in my own survey course in American legal history I often push back. Taken too far, interest group theorizing becomes an easy shortcut for assessing legal movements and developments without fully understanding the ideas behind them.

Intellectual history in the United States went into decline because ...


Agriculture, U.S. Department Of, Bert Chapman May 2013

Agriculture, U.S. Department Of, Bert Chapman

Libraries Faculty and Staff Scholarship and Research

Provides a succinct organizational history of the U.S. Department of Agriculture (USDA) and its impact on the American West.


Colorado River Compact (1922), Bert Chapman May 2013

Colorado River Compact (1922), Bert Chapman

Libraries Faculty and Staff Scholarship and Research

Provides an overview of the 1922 Colorado River Compact seeking to fairly distribute Colorado River water to Arizona, California, Colorado, Nevada, New Mexico, Utah, and Wyoming and their increasing populations.


Defense, U.S. Department Of, Bert Chapman May 2013

Defense, U.S. Department Of, Bert Chapman

Libraries Faculty and Staff Scholarship and Research

Provides an overview of U.S. Department of Defense activities in the western U.S. including the military's increasing emphasis on Asia-Pacific strategic trends and developments.


Hydroelectric Power, Bert Chapman May 2013

Hydroelectric Power, Bert Chapman

Libraries Faculty and Staff Scholarship and Research

Provides a historical overview and contemporary analysis of the advantages and disadvantages of federal government support for hydroelectric power in the American West.


Land Management, U.S. Bureau Of, Bert Chapman May 2013

Land Management, U.S. Bureau Of, Bert Chapman

Libraries Faculty and Staff Scholarship and Research

Provides a historical overview and current assessment of the role played by the Interior Department's Bureau of Land Management in its ownership of federal lands in western states and its efforts to balance economic development of natural resources and conservation of these resources on these lands.


Oil Industry, Bert Chapman May 2013

Oil Industry, Bert Chapman

Libraries Faculty and Staff Scholarship and Research

Provides an overview of the historical and contemporary development of the American oil industry and how it has impacted U.S. natural resources policies in the American west.


Subsidies, Agricultural, Bert Chapman May 2013

Subsidies, Agricultural, Bert Chapman

Libraries Faculty and Staff Scholarship and Research

Provides historical and contemporary information on U.S. Government agricultural subsidies and how they affect agricultural policy in the Western U.S.


Internal Communication In Ireland Before And During The Economic Recession From The Perspective Of Communication Practice, Technology, And Ethics, Laoise O'Murchú Jan 2012

Internal Communication In Ireland Before And During The Economic Recession From The Perspective Of Communication Practice, Technology, And Ethics, Laoise O'Murchú

Doctoral

Internal communication in Ireland from the ‘celtic tiger’ era through to the economic
recession from the perspective of: communication practice, technology and ethics.
This thesis examines the practice of internal communication in Irish public and
private sector organisations during 2007/8 and 2010. This period spans the end of
Ireland’s ‘celtic tiger’ economy and the development of a major recession. All the
case study organisations have been affected by the credit crunch and are experiencing
economic, financial and ethical challenges.
The practices of internal communication in Ireland has evaded in depth academic
examination in communications literature. Therefore, the contribution ...


Finding Historic Indiana Documents In An Online Environment: Civil War Era And Later 19th Century, Bert Chapman Nov 2011

Finding Historic Indiana Documents In An Online Environment: Civil War Era And Later 19th Century, Bert Chapman

Libraries Research Publications

This presentation provides information on digitally accessing historic Indiana State and U.S. Government documents from the latter half of the 19th century. Examples of these resources include the periodical Indiana Farmer, Indiana Civil War Governor Oliver Morton's telegraph books, the Official Records of the War of the Rebellion, Indiana Adjutant General Reports, and the Brevier Indiana Law Reports covering Indiana General Assembly proceedings. These collections have been digitized by various Indiana libraries including Purdue University, IUPUI, and Indiana University. Accessing these primary source materials will enable users to gain augmented understanding ot the economic, military, and political issues ...


The Enduring Power Of Coase, Elizabeth Hoffman, Matthew L. Spitzer Nov 2011

The Enduring Power Of Coase, Elizabeth Hoffman, Matthew L. Spitzer

Economics Publications

By many measures, Ronald Coase has been among the most influential economists of the past 60 years. Why is this so? We suggest that Coase’s work has enduring appeal to and insight for social scientists in part because it addresses the biggest and most important social problems: How do we solve governance and coordination problems when limited information, common resource issues, and public good issues produce conflicts among several people at once? Any scholar who works on issues of corporate or common-pool governance, pollution, allocation of seats on legislative committees, regulation of systemic risk in financial markets, provision of ...


Why Economic Performance Has Differed Between Brazil And China? A Comparative Analysis Of Brazilian And Chinese Macroeconomic Policy, Fernando Ferrari-Filho, Anthony Petros Spanakos Jun 2009

Why Economic Performance Has Differed Between Brazil And China? A Comparative Analysis Of Brazilian And Chinese Macroeconomic Policy, Fernando Ferrari-Filho, Anthony Petros Spanakos

Department of Political Science and Law Faculty Scholarship and Creative Works

This paper addresses a specific question: why has China grown so rapidly and Brazil not? To answer this question, it (i) establishes the basis for comparison between China and Brazil by contextualizing these countries within the BRICs concept, and (ii) presents a comparative analysis of Brazilian and Chinese reforms focusing only on the issue of macroeconomic policy, especially the monetary and exchange rate regimes, and its effect on growth.


Kentucky's Debt Relief Attempt, Stephen E. Lile Apr 2008

Kentucky's Debt Relief Attempt, Stephen E. Lile

Economics Faculty Publications

No abstract provided.


Amenities And Non-Farm Employment Growth In The U.S. Midwest: The Impact Of Recreational Amenities In Neighboring Counties, Daniel C. Monchuk, John A. Miranowski Jan 2007

Amenities And Non-Farm Employment Growth In The U.S. Midwest: The Impact Of Recreational Amenities In Neighboring Counties, Daniel C. Monchuk, John A. Miranowski

Economics Publications

This study examines the role of recreational amenities, both within the county as well in neighboring counties, on employment growth using data from 618 counties in the U.S. Midwest. Using a wide range of amenity variables and spatial econometric methods, we find that natural and recreational amenities have played a role in non-farm employment growth over the years 1969 to 2000. Further, the results also indicate that the presence of recreational amenities in neighboring counties have also played an important role in explaining employment growth as opposed to only amenities within the county itself.


[Review Of The Book Growing Public: Social Spending And Economic Growth Since The Eighteenth Century], George R. Boyer Jul 2005

[Review Of The Book Growing Public: Social Spending And Economic Growth Since The Eighteenth Century], George R. Boyer

Articles and Chapters

[Excerpt] Lindert’s discussion of the costs and benefits of the welfare state is only one part, albeit the most eye-catching part, of this wide-ranging work in comparative economic history. Volume 1, written for non-specialists, presents “The Story”; it is tailor-made for upper-level undergraduate courses in economic and social history, public policy, and welfare economics. Volume 2 presents “Further Evidence,” including the regression results that underlie the findings presented in the first volume, and eighty pages of appendices. Graduate students and scholars studying the welfare state will want to read this volume in conjunction with Volume 1. For those who ...


The Economic Impact Of Housing Investment Through The Community Preservation Act In Boston, Umass Amherst Center Economic Development Jan 2001

The Economic Impact Of Housing Investment Through The Community Preservation Act In Boston, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

This report attempts to look at the need for affordable housing and economic impacts of housing in the city of Boston, Massachusetts. Its premise is that the economic impact of housing is significant and involves a multitude of factors, from the monetary effects of the construction process to the impact of personal income on the local economy.


Connecticut River Economic Adjustment Project, Umass Amherst Center Economic Development Jan 2001

Connecticut River Economic Adjustment Project, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

The purpose of this study was to inventory various environmental and economic criteria for the region. In the second phase the data was analyzed for implications for development potential. In phase three the Net Available Land Analysis methodology will be allied on the town level to two towns that meet one or more of the three Economic Development Administration criteria. The region chosen was Enfield, Connecticut and Holyoke, Massachusetts.


Northeast Ohio’S Regional Economy: An Assessment Of The Economic State Of The Region And Its Political Challenges, Edward W. Hill Jun 2000

Northeast Ohio’S Regional Economy: An Assessment Of The Economic State Of The Region And Its Political Challenges, Edward W. Hill

Urban Publications

No abstract provided.


Open Spaces And Recreation Plan: Berkley, Umass Amherst Center Economic Development Jan 2000

Open Spaces And Recreation Plan: Berkley, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

The goal of this report was to preserve the country character of Berkley, Massachusetts; to protect the precious resources of air, water, soil and habitats; and to provide the public access to the rivers, forests and fields.


Lynn Telecom Studio Report, Umass Amherst Center Economic Development Jan 2000

Lynn Telecom Studio Report, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

This report was put together to assess current economic and demographic conditions of Lynn, Massachusetts, and identify Lynn’s telecommunications infrastructure. The report also surveyed business’s stock in Lynn, while proposing recommendations for using telecommunications for economic development. Finally, the report wraps up by using the city of Lynn as a case study for other communities.


Economic Development Of Erving, Massachusetts, Umass Amherst Center Economic Development Jan 2000

Economic Development Of Erving, Massachusetts, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

This report presents information on Erving, Massachusetts’ economy and main economic development issues. It begins with an analysis of demographic, labor, and employment statistics, then discusses some key issues that pose challenges to and provide opportunities for future development. It concludes with recommendations for taking action to address challenges and to seize opportunities.


A View To A Mountain, Umass Amherst Center Economic Development Jan 2000

A View To A Mountain, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

The purpose of this report was to examine the feasibility of submerging the overhead utilities that run along downtown streets, Main, Union, and Cottage, in the City of Easthampton, Massachusetts. To achieve this purpose, our team investigated the steps involved with submerging utilities and how the City of Easthampton might go through this process.


Town Of Groveland, Umass Amherst Center Economic Development Jan 1999

Town Of Groveland, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

This report takes a look at Groveland, Massachusetts. Groveland is a small residential community that retains all of the characteristics of a friendly rural town in the setting of a convenient suburb. The town was incorporated in 1850, and changed gradually from an agricultural community to one that is almost wholly residential.