{"title":"Selecting Penalty Parameters of High-Dimensional M-Estimators Using Bootstrapping after Cross Validation","authors":"Denis Chetverikov, Jesper Riis-Vestergaard Sørensen","doi":"10.1086/736770","DOIUrl":"https://doi.org/10.1086/736770","url":null,"abstract":"Journal of Political Economy, Ahead of Print. <br/>","PeriodicalId":16875,"journal":{"name":"Journal of Political Economy","volume":"37 1","pages":""},"PeriodicalIF":8.2,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144916179","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
World DevelopmentPub Date : 2025-08-28DOI: 10.1016/j.worlddev.2025.107145
Hajare El Hadri , Réda Marakbi
{"title":"Secularity and migration aspirations in the Arab world","authors":"Hajare El Hadri , Réda Marakbi","doi":"10.1016/j.worlddev.2025.107145","DOIUrl":"10.1016/j.worlddev.2025.107145","url":null,"abstract":"<div><div>This study develops a new theoretical framework to explain how secularity influences migration aspirations in the Arab world. We argue that secular individuals incur significant psychological costs when living in highly religious societies. This value incongruence pushes them to seek out more secular environments, whereas strongly religious individuals face higher cultural costs of moving and thus prefer to stay. We derive testable hypotheses on how individual secularity and socio-political secularity act as push<span><math><mo>−</mo></math></span>pull factors for different communities and migration destinations. We then test these hypotheses using 2018<span><math><mo>−</mo></math></span>2019 Arab Barometer data from eleven MENA countries. We construct original indices for individual secularity and socio-political secularity via multiple correspondence analysis. Consistent with our theory, probit and instrumental-variable probit estimates show that secular individuals are significantly more likely to express intentions to emigrate <span><math><mo>−</mo></math></span> particularly to highly secular Western countries. Among Muslim majority populations, both individual and socio-political secularity increase the desire to migrate, whereas among Christian minorities only individual secularity has this effect. Moreover, secularity drives regular migration aspirations, with no measurable impact on irregular migration except in the case of religiously unaffiliated “nones,” who exhibit a heightened willingness to migrate by any means. These findings contribute to the migration literature by emphasizing the substantial, yet previously underexplored, influence of secular beliefs and practices on migratory behavior in the Arab context.</div></div>","PeriodicalId":48463,"journal":{"name":"World Development","volume":"196 ","pages":"Article 107145"},"PeriodicalIF":4.8,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144908005","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Utilities PolicyPub Date : 2025-08-28DOI: 10.1016/j.jup.2025.102035
Will Gorman, Galen Barbose, Sunhee Baik, Cesca Miller, Juan Pablo Carvallo
{"title":"Backup power or bill savings? How electricity tariffs impact residential solar-plus-storage usage in the United States","authors":"Will Gorman, Galen Barbose, Sunhee Baik, Cesca Miller, Juan Pablo Carvallo","doi":"10.1016/j.jup.2025.102035","DOIUrl":"10.1016/j.jup.2025.102035","url":null,"abstract":"<div><div>Adoption of paired solar-plus-storage systems has accelerated in recent years, driven by both the demand for backup power and a desire to manage utility bills. Tradeoffs between those two uses can arise through the reserve setting on the battery storage system, which serves to maintain a minimum state of charge in case of a power interruption. Our paper applies an economic framework to evaluate this tradeoff in terms of changes in bill savings and customer reliability value across reserve levels, considering how those tradeoffs depend on the underlying electricity rate structure and levels. The analysis is based on a representative set of load profiles, solar profiles, tariff designs, and stochastic power interruption events across ten different regions in the United States. We find that the opportunity cost of holding storage capacity in reserve, in terms of foregone bill reductions, outweighs any gains in reliability value from mitigated power interruptions in the majority of customer situations. Higher storage reserve levels increase total customer value only in specific circumstances, such as for customers with inferior reliability (10x average interruptions), with a very high value of lost load ($50/kWh), and with tariff or interconnection rules that disallow grid charging. However, even this result is dampened when considering tariff designs with higher price differentials that increase the opportunity cost of holding storage in reserve (e.g. import/export or time-of-use rates). Allowing grid charging in tariffs essentially eliminates the necessity to hold any storage in reserve in all sensitivity cases explored.</div></div>","PeriodicalId":23554,"journal":{"name":"Utilities Policy","volume":"96 ","pages":"Article 102035"},"PeriodicalIF":4.4,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144912511","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Energy PolicyPub Date : 2025-08-28DOI: 10.1016/j.enpol.2025.114834
Papa Yaw Owusu-Obeng , Steven R. Miller , Sarah Banas Mills , Michael T. Craig
{"title":"Optimizing utility-scale solar siting for local economic benefits and regional decarbonization","authors":"Papa Yaw Owusu-Obeng , Steven R. Miller , Sarah Banas Mills , Michael T. Craig","doi":"10.1016/j.enpol.2025.114834","DOIUrl":"10.1016/j.enpol.2025.114834","url":null,"abstract":"<div><div>The Midwest's agricultural lands are increasingly targeted for utility-scale solar development, but traditional power planning often overlooks local economic impacts and the opportunity costs of converting farmland. This study integrates local economic metrics into a power system planning model to assess how economic benefits and agricultural trade-offs influence solar siting decisions. Focusing on counties within the Great Lakes region, we develop localized supply and marginal benefit curves within a multi-objective optimization framework that minimizes system costs while maximizing community economic benefits. Results show that counties with larger economies and less productive farmland deliver the highest local economic benefit per megawatt (MW)—reaching $34,500 in Ohio due to property tax revenues—while smaller counties generate 31 % less. Accounting for lost crop production reduces net benefits by up to 16 %, depending on farmland quality. A scenario prioritizing solar deployment in high-economic-return counties boosts cumulative benefits by $1 billion (11 %) by 2040, redirecting investment from Michigan and Wisconsin (down 39 %) to Ohio and Indiana (up 75 %), with only a marginal 0.5 % increase in system-wide costs. These findings underscore the importance of integrating economic considerations into utility-scale solar planning to better align decarbonization goals with regional and local economic development.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"207 ","pages":"Article 114834"},"PeriodicalIF":9.2,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144907696","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Rural Infrastructure Supply and Population Mobility—An Empirical Analysis Based on Microdata for Rural China","authors":"Yunxing Song, Jiguang Zhu, Yan Song","doi":"10.1111/grow.70049","DOIUrl":"https://doi.org/10.1111/grow.70049","url":null,"abstract":"<div>\u0000 \u0000 <p>Using microdata from rural China, we estimated the impact of rural infrastructure provision on the migration decisions of the floating population. We find that as the level of local public infrastructure provision increases, the amount of in-migration also increases, and this effect is more pronounced for individuals with work experience outside the countryside, however, it shows a downward trend from eastern, central, and western China sequentially. We find that the influx of in-migrants is facilitated by the improvement of livelihood-type infrastructure, including health care and education infrastructure, while in-migration is generally discouraged by improvements to agricultural production-type infrastructure. Our findings remain robust under alternative analyses. At the individual level, the demographic “pull” of rural infrastructure has a positive U-shape, that is, as people age, they tend to move to villages with better infrastructure, particularly for less educated laborers. At the household and village levels, migration decisions are a function of a range of public goods and factors, such as household car ownership, the presence of local non-farm industries, village location, local ecological, security conditions, employment, and income status. The findings of this paper contribute to the literature on rural population and rural revitalization issues and complement the literature related to rural-to-urban migration processes, which has found that two-way population mobility mechanisms contribute to sustainable urbanization and social stability.</p>\u0000 </div>","PeriodicalId":47545,"journal":{"name":"Growth and Change","volume":"56 3","pages":""},"PeriodicalIF":2.1,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144915071","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Energy at the fair: County fair sponsorship patterns from the energy sector in the United States","authors":"Ana Martinez, Pranav Moudgalya, Dustin Tingley","doi":"10.1016/j.erss.2025.104245","DOIUrl":"10.1016/j.erss.2025.104245","url":null,"abstract":"<div><div>County fairs are a common feature in the American social landscape. As with many local social institutions, companies and other organizations have a chance to sponsor county fairs. These sponsorships help put on the fairs and give organizations an opportunity to advertise and signal to the local community their involvement. In this paper, we review the small literature on the motivations and effects of sponsorships and then turn to a set of empirical questions. First, we examine the distribution of sponsors from the energy sector and compare the sponsorship patterns of traditional fossil fuel companies and those of firms working in the renewable energy sector. Our sample of US counties covers counties with active fossil and or renewable energy sectors. We also collected all counties in several states and all state-wide fairs. Second, we use a national survey to examine perceptions of sponsorships and support for companies that do or do not sponsor county fairs. Finally, we leave the fair and catalog and compare how large fossil fuel and renewable energy firms display community engagement efforts on their websites to understand how communities may perceive companies, as well as to provide a lens on the extent to which these companies prioritize community-level investments. By and large, we find that renewable energy has a decidedly lower sponsorship and community engagement presence compared to fossil fuel companies.</div></div>","PeriodicalId":48384,"journal":{"name":"Energy Research & Social Science","volume":"127 ","pages":"Article 104245"},"PeriodicalIF":7.4,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144916532","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"On-the-job search and the productivity-wage gap","authors":"Sushant Acharya , Shu Lin Wee","doi":"10.1016/j.euroecorev.2025.105127","DOIUrl":"10.1016/j.euroecorev.2025.105127","url":null,"abstract":"<div><div>We examine how worker and firm on-the-job search have differential impacts on the productivity-wage gap. While an increase in both worker and firm on-the-job search raise productivity, they have opposing effects on wages. Increased worker on-the-job search raises workers’ outside options, allowing them to demand higher wages. Increased firm on-the-job search improves firms’ bargaining position relative to workers’ by raising job insecurity and the wedge between hiring and meeting rates, allowing firms to pass-through a smaller share of productivity to wages and enlarging the productivity-wage gap. Quantitatively, the model accounts for about a quarter of the observed divergence in the US productivity-wage gap between 1990 and 2017.</div></div>","PeriodicalId":48389,"journal":{"name":"European Economic Review","volume":"179 ","pages":"Article 105127"},"PeriodicalIF":2.4,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144918934","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A new measure of climate transition risk based on distance to a global emission factor frontier","authors":"Benjamin N. Dennis , Talan B. İsçan","doi":"10.1016/j.ecolecon.2025.108742","DOIUrl":"10.1016/j.ecolecon.2025.108742","url":null,"abstract":"<div><div>Targeted financing of a transition to a “net zero” global economy entails climate transition risk. We propose a measure of transition risk at the country-sector dyad level based on an emissions factor (EF), which is a measure of the greenhouse gas emissions intensity of output. Our measure of transition risk is composed of five tiers of risk driven by two elements: (1) the gap between a dyad's existing EF and the ‘global frontier’ sector EF, and (2) a dyad's convergence towards the frontier EF. Dyads that are either close to the frontier or converging towards the frontier carry lower transition risk. Our measure, using 45 sectors across 66 countries, accounts for both direct greenhouse gas emissions as well as those that enter into production through complex supply chains as captured by inter-country, input-output tables, and can be applied at different levels of stringency to high-, middle-, and low-income economies. Our measure thus accounts for, and sheds light on, EF reductions through investment in lower emissions production techniques in own facilities, and sourcing intermediate inputs with lower embodied emissions.</div></div>","PeriodicalId":51021,"journal":{"name":"Ecological Economics","volume":"239 ","pages":"Article 108742"},"PeriodicalIF":6.3,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144908891","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Energy PolicyPub Date : 2025-08-28DOI: 10.1016/j.enpol.2025.114849
Ariel Paz-Sawicki , Itay Fishhendler , David Katz
{"title":"Survival of the largest: Why regulators fail to develop a heterogeneous wind energy sector","authors":"Ariel Paz-Sawicki , Itay Fishhendler , David Katz","doi":"10.1016/j.enpol.2025.114849","DOIUrl":"10.1016/j.enpol.2025.114849","url":null,"abstract":"<div><div>A diverse wind market with large and small wind offers benefits relative to one that is dominated by large projects. However, the adoption of small wind lags behind large in many locations. We ask what factors might account for small wind's relative lack of success. We analyze a case study looking at an Israeli policy that explicitly provided advantages for small-scale wind but resulted in a sector dominated by large projects. We conducted a quantitative text analysis of minutes from government planning meetings to assess differences between small and large projects in terms of the challenges they face and the support they receive from various stakeholders, supplemented by interviews with key actors. Our results indicate that the hurdles for both small and large projects were similar, with environmental requirements prominent. However, developers of large projects succeeded in overcoming these, while smaller projects did not. This appears to be due to the correlation between large projects and large developers, with greater resources in terms of funds, lobbying power and expertise, who are better able to withstand regulatory delays. In order to promote small wind, regulators may need to provide developers of small projects with greater capacity for addressing planning requirements and delays.</div></div>","PeriodicalId":11672,"journal":{"name":"Energy Policy","volume":"207 ","pages":"Article 114849"},"PeriodicalIF":9.2,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144907698","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
CitiesPub Date : 2025-08-28DOI: 10.1016/j.cities.2025.106408
Stephen Ameyaw , Frank Gyamfi-Yeboah , Nicholas Addai Boamah , Eric Paul Tudzi
{"title":"Determinants of incremental housing: An emerging city perspective from the Global South","authors":"Stephen Ameyaw , Frank Gyamfi-Yeboah , Nicholas Addai Boamah , Eric Paul Tudzi","doi":"10.1016/j.cities.2025.106408","DOIUrl":"10.1016/j.cities.2025.106408","url":null,"abstract":"<div><div>Incremental housing (IH) is the dominant housing approach in Ghana and several other countries in the global south. The phenomenon has received little attention in housing literature compared to mortgage finance. This paper empirically examines the determinants of IH from the perspective of an emerging city in Ghana using Exploratory Factor Analysis. The results identify builder control factors, existing property characteristics, perceived housing approach, financial inclinations, financial barriers, economic barriers, perceived cost, and knowledge/cultural factors as the key underlying factors. Contrary to conventional views, the findings suggest that builder control factors primarily explain IH in the study area. Economic and financial factors are found to be secondary. The results challenge the idea that IH mainly results from market failure and an inefficient housing approach. This indicates that IH is likely to continue even if mortgage market bottlenecks are addressed. Therefore, IH should be recognised as a viable alternative housing approach that warrants policy support and financial backing from formal housing institutions to improve housing outcomes. Consequently, housing finance institutions need to develop and promote loan products that are suitable for facilitating the IH process.</div></div>","PeriodicalId":48405,"journal":{"name":"Cities","volume":"167 ","pages":"Article 106408"},"PeriodicalIF":6.6,"publicationDate":"2025-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144907364","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}