Urbanization in the United States, 1800-2000
by Leah Platt Boustan; devin Bunton and Owen Hearey NBER Working Paper no.19041, May 2013 This handbook chapter seeks to document the economic forces that led the US to become an urban nation over its two hundred year history. We show that the urban wage premium in the US was remarkably stable over the past [...]
International Price Dispersion and Market Segmentation in Japan and the United States: Theoryand Empirics
by K.C Fung; Alicia Garcia-Herrero and Francis Ng ADBI Working Ppaer no.417, Aprol 2013 This paper focuses on the pricing behavior of Japanese and United States firms selling their identical products in New York City, Chicago, Osaka, and Tokyo. The authors utilize some simple models of international price dispersion and market segmentation that generate predictions [...]
Inadequate Regional Financial Safety Nets Reflect Complacency
by Iwan j Aziz ADBI Working Paper no.411, March 2013 To the extent that financial contagion from the United States and the euro area crisis has occurred in Asia, this paper focuses on the importance of strengthening the regional financial safety nets. By conjecturing that efforts to prevent and manage a crisis are the essence [...]
American politics, the presidency of the World Bank, and development policy
by Kathryn C. Lavelle WB Policy Research Paper no.WPS6377, March 2013 The World Bank’s president has been an American by tradition. Yet little work has explored the consequences for this connection in influencing visions of development in the organization across time. This paper uses evidence from archives, congressional hearing records, and memoirs and histories of [...]
Eects of Economic Development in China on Skill-Biased Technical Change in the US
by Angus C.Chu; Guido Cozzi and Yuichi Furukawa MPRA Paper no.44576, August 2012 In this study, we analyze the e¤ects of a decrease in unskilled labor in China on the direction of innovation in the US by incorporating production o¤shoring into a North-South model of directed technical change. We .nd that if o¤shoring is present [...]
CHOICE OF COUNTRY BY THE FOREIGN BORN FOR PHD AND POSTDOCTORAL STUDY:A SIXTEEN-COUNTRY PERSPECTIVE
by Paula Stephen; Chiara Franzoni and Giuseppe Scellato NBER Working Paper no.18809, February 2013 We analyze the decisions of foreign-born PhD and postdoctoral trainees to come to the United States vs. go to another country for training. Data are drawn from the GlobSci survey of scientists in sixteen countries working in four fields. We find [...]
Distribution fees and mutual fund flows: Evidence from a natural experiment in the Indian mutual funds market
by santhosh anagol; Vijaya Marisetty; Renuka Sane and B. Venugopal IGIDR Working Paper no.2013-004, February 2013 Mutual fund companies typically charge investors distribution fees, such as 12b-1 fees in the United States, which they then use to pay commissions to brokers. We evaluate a major Indian investor protection reform that limited the ability of mutual [...]
INTERDEPENDENCE OF INTERNATIONAL FINANCIALMARKETS: THE CASE OF INDIA AND U.S.
by Pami Dua CDE Workin Paper no.223, January 2013 ABSTRACT This paper examines the nexus between domestic and foreign financial markets viz. Indian and U.S. money markets, equity markets and the common market for currency. We estimate volatility, spillovers-both in returns and in volatility, and cross-correlations in a multivariate framework for the financial markets.We utilize [...]
Determinants of Foreign Institutional Investment in India: An EmpiricalAnalysis
by P. Srinivasan and M. Kalaivant MPRA Paper no.43778, January 2013 The purpose of the study is to explore the determinants of foreign institutional investments in India through the Autoregressive Distributed Lag (ARDL) bounds testing approach. Using quarterly time series data, the empirical analysis was carried out for the period from January 2004 to December [...]
An objective understanding of China’s development
The National Intelligence Council of the United States (NIC) has recently released the report “Global Trends 2030: Possible World,” forecasting that China’s total economic output (GDP) will surpass the United States by 2030 and become the world’s largest economic entity. The report also said that it will be difficult for Chinese economy to maintain the [...]
The Labor Demand Was Downward Sloping: Disentangling Migrants Inflows and Outflows, 1929-1957
by Costanza Biavaschi IZA Discussion Paper no.7049, Novemebr 2012 This paper studies in- and out-migration from the U.S. during the first half of the twentieth century and assesses how these flows affected state-level labor markets. It shows that outmigration positively impacted the wages of remaining workers, while in-migration had a negative impact. Hence, immigrant arrivals [...]
Choice of Monetary policy regime in US (Inflation targeting )
By Prasoon S Majumdar In the intellectual world a new theory called the Chaos Theory recognizes that the real world is unpredictable and is rarely controlled. It suggests that systems naturally get more complex; as these systems become more complex they become more volatile and must expend more energy to maintain that complexity. As they [...]
Has India’s Trade Benefited from the US’ Generalised System of Preferences?
by Anwarul Hoda and Shravani Prakash Economic and Political Weekly, October 13, 2012 An analysis of the United States’ Generalised System of Preferences scheme, introduced in 1976, reveals that although it has the potential to stimulate imports from developing countries, the structural deficiencies of the scheme have prevented it from making more than a nominal [...]
Performance of skilled migrants in the U.S. : a dynamic approach
by Aaditya Mattoo; Ileana Cristina Neagu and Caglar Ozden WB Policy Research Paper no.WPS 6140,July 2012 The initial occupational placements of male immigrants in the United States labor market vary significantly by country of origin even when education and other individual factors are taken into account. Does the heterogeneity persist over time? Using data from [...]
ASEAN Integration in 2030: United States Perspectives
by Pek Kon Heng ADBI Working Paper No.367, July 2012 The paper argues that United States (US) participation in the East Asia Summit (EAS)—regional integration architecture led by the Association of Southeast Asian Nations (ASEAN)—was motivated by four changes in the regional economic landscape: (i) the Asian financial crisis of 1997 and emergence of the [...]
VARIETY OF SEARCH AND INNOVATION: A COMPARATIVE STUDY OF US MANUFACTURING AND KNOWLEDGE INTENSIVE BUSINESS SERVICES SECTORS
by Andy Cosh and Joanne Zhang Centre for Business research, Cambridge University WP No. 431, March 2012 Whilst the variety of search activities promotes innovation, there is a central tension between a firm’s potential benefits from wide and diverse search activities and its ability to reap these potential benefits. In this paper, we argue that [...]
Net Job Creation in the U.S. Economy:Lessons from Monthly Data, 1950-2011
by Salem Abo-Zaid MPRA Paper No.39084, May 2012 In this paper, I study the monthly net job creation (NJC) at the aggregate level in the U.S. over the period 1950-2011. The paper has few important findings. First, NJC did not show a significant trend over the last 6 decades, which resulted in a fall in [...]
The US Railroads- their evolution, structure and operations
By Bodhibrata Nag IIMC WPS No.699/ May, 2012 Both India and the United States of America share a common history of dominant role of railroads in the development of the economy. While the first common carrier of the US, the Baltimore and Ohio Railroad (B&O, now part of CSXT), commenced services on a 13 mile [...]
Are Saving and Investment Cointegrated? A Cross Country Analysis
by Sanjib Bordoloi and Joice John Reserve Bank of India Occasional Papers Vol.32, No.1, Summer 2011 Saving is an important part of the economic process that gives rise to investment and economic growth. In this paper an attempt is made to explore the relationship between saving and investment in three diverse economies,viz,US,UK and Chinaa and [...]
INTERNATIONAL CAPITAL FLOWS AND HOUSE PRICES:THEORY AND EVIDENCE
by Jack Favilukis; David Kohn; Sydny C. Ludvigson and Stijn V N NBER Working Paper No.17751, January 2012 The last fifteen years have been marked by a dramatic boom-bust cycle in real estate prices, accompanied by economically large fluctuations in international capital flows. We argue that changes in international capital flows played, at most, a [...]
Long-term Employment and Job Security over the Last Twenty-Five Years:A Comparative Study of Japan and the U.S.
by Ryo Kambayashi and Takao Kato IZA DP No.6183, December 2011 Taking advantage of a recent relaxation of Japanese government’s data release policy, we conduct a cross-national analysis of micro data from Japan’s Employment Status Survey and its U.S. counterpart, Current Population Survey. Our focus is to document and contrast changes in long-term employment and [...]
The United States and the PRC:Macroeconomic Imbalances andEconomic Diplomacy
by Philip Levy ADBI WP No.328, December 2011 This paper explores the ways in which macroeconomic imbalances have driven policy discussions between the United States (US) and People’s Republic of China (PRC) in the last decade. The PRC’s current account surplus, its growing foreign exchange reserves, and its shifting policies on exchange rate adjustment have [...]
Is the US GSP Scheme benefiting India’s trade?
by Anwarul Hoda and Shravani prakash ICRIER Policy Series No.7, November 2011 The analysis of the operation of the US GSP scheme since it was introduced in 1976 reveals that although it has the potential to stimulate imports from developing countries, the structural deficiencies of the scheme have prevented it from making more than a [...]
Rising Wage Inequality and Postgraduate Education
by Joanne Lindley and Stephen Machin IZA DP No. 5981, September 2011 This paper considers what has hitherto been a relatively neglected subject in the wage inequality literature, albeit one that has been becoming more important over time, namely the role played by increases in postgraduate education. We document increases in the number of workers [...]