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The vertical fiscal externalities of a territorial reform: Evidence from Brazil
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-05-12 DOI: 10.1016/j.econlet.2025.112354
Antonio Marcos Silva Santos, Ricardo Carvalho de Andrade Lima
{"title":"The vertical fiscal externalities of a territorial reform: Evidence from Brazil","authors":"Antonio Marcos Silva Santos,&nbsp;Ricardo Carvalho de Andrade Lima","doi":"10.1016/j.econlet.2025.112354","DOIUrl":"10.1016/j.econlet.2025.112354","url":null,"abstract":"<div><div>Do fiscal shocks associated with a government’s territorial reform generate vertical fiscal externalities for local governments? This paper investigates how local governments responded in terms of public spending to the creation of the Brazilian state of Tocantins in 1988. Using a dynamic Difference-in-Differences approach, we find that municipalities affected by changes in the second-tier government experienced a sharp reduction in public spending in the years following the reform. This may have been partly driven by the reduction in intergovernmental central transfers to the affected municipalities after the reform, which constrained their fiscal capacity.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"253 ","pages":"Article 112354"},"PeriodicalIF":2.1,"publicationDate":"2025-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143943074","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Royalty licensing in vertically related markets 垂直相关市场的特许权使用费许可
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-05-10 DOI: 10.1016/j.econlet.2025.112372
Elpiniki Bakaouka
{"title":"Royalty licensing in vertically related markets","authors":"Elpiniki Bakaouka","doi":"10.1016/j.econlet.2025.112372","DOIUrl":"10.1016/j.econlet.2025.112372","url":null,"abstract":"<div><div>We compare two royalty licensing contracts: per-unit and ad valorem in a vertical market. The licensor always prefers a per-unit over an ad valorem royalty contract. Licensing has a greater positive impact on both consumer and total welfare under an ad valorem royalty.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"253 ","pages":"Article 112372"},"PeriodicalIF":2.1,"publicationDate":"2025-05-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143936766","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Neyman-orthogonal moment for instrumental variable quantile regression model with high dimensional data 高维数据的工具变量分位数回归模型的内曼-正交矩
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-05-09 DOI: 10.1016/j.econlet.2025.112369
Zequn Jin , Jisheng Sun
{"title":"Neyman-orthogonal moment for instrumental variable quantile regression model with high dimensional data","authors":"Zequn Jin ,&nbsp;Jisheng Sun","doi":"10.1016/j.econlet.2025.112369","DOIUrl":"10.1016/j.econlet.2025.112369","url":null,"abstract":"<div><div>This paper examines the identification of the unconditional quantile treatment effect (QTE) using the Instrumental Variable Quantile Regression (IVQR) model, allowing for the possibility of high-dimensional covariates. We develop a Neyman-Orthogonal moment condition for the unconditional QTE in cases where the potential outcome equations are specified nonparametrically, capturing a rich pattern of heterogeneous treatment effect. Based on this moment condition, we discuss the estimation procedure.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"253 ","pages":"Article 112369"},"PeriodicalIF":2.1,"publicationDate":"2025-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143936767","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A note on the geographical dispersion of emerging market currencies: The role of outliers
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-05-09 DOI: 10.1016/j.econlet.2025.112387
Felix Bauer , Juliana Robbert
{"title":"A note on the geographical dispersion of emerging market currencies: The role of outliers","authors":"Felix Bauer ,&nbsp;Juliana Robbert","doi":"10.1016/j.econlet.2025.112387","DOIUrl":"10.1016/j.econlet.2025.112387","url":null,"abstract":"<div><div>The geographical dispersion of currencies is often studied in a cross-sectional convergence regression using data from the BIS triennial survey (see Cheung et al. (2019)). Using three different approaches to outlier detection, we demonstrate that a small number of outliers can have a disproportional impact on the empirical results. These outliers are often identified as large trading centers. For the 2019 to 2022 BIS triennial survey, our findings reveal substantially stronger evidence of convergence to the share of all currencies, once the outliers are excluded from the sample.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"253 ","pages":"Article 112387"},"PeriodicalIF":2.1,"publicationDate":"2025-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143943076","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Stratifying on treatment status 治疗状态分层
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-05-09 DOI: 10.1016/j.econlet.2025.112370
Jinyong Hahn , John Ham , Geert Ridder , Shuyang Sheng
{"title":"Stratifying on treatment status","authors":"Jinyong Hahn ,&nbsp;John Ham ,&nbsp;Geert Ridder ,&nbsp;Shuyang Sheng","doi":"10.1016/j.econlet.2025.112370","DOIUrl":"10.1016/j.econlet.2025.112370","url":null,"abstract":"<div><div>We study the estimation of treatment effects using samples stratified by treatment status. Standard estimators of the average treatment effect and the local average treatment effect are inconsistent in this setting. We propose consistent estimators and characterize their asymptotic distributions.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"253 ","pages":"Article 112370"},"PeriodicalIF":2.1,"publicationDate":"2025-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144105851","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Absolute convergence patterns in China: A structural transformation perspective 中国绝对趋同模式：一个结构转型的视角
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-05-08 DOI: 10.1016/j.econlet.2025.112385
Chen Cheng , Song Li , Maohua Wu
{"title":"Absolute convergence patterns in China: A structural transformation perspective","authors":"Chen Cheng ,&nbsp;Song Li ,&nbsp;Maohua Wu","doi":"10.1016/j.econlet.2025.112385","DOIUrl":"10.1016/j.econlet.2025.112385","url":null,"abstract":"<div><div>This letter presents the first systematic study of regional economic absolute convergence in China through the lens of structural transformation. Using prefecture-level city data, we find clear evidence of economic convergence, rather than nationwide divergence, although convergence rates vary significantly across regions. Three key mechanisms drive this process: (1) labor reallocation toward cities with more advanced industrial structures, (2) productivity gains resulting from sectoral upgrading in less developed regions, and (3) convergence tendencies observed in both manufacturing and service sectors. While some regions benefit from rapid transformation, others remain caught in persistent growth disparities, reflecting structural barriers and potential “development traps” associated with stalled structural transformation.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"253 ","pages":"Article 112385"},"PeriodicalIF":2.1,"publicationDate":"2025-05-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143936764","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Extreme weather and migration in the United States 美国的极端天气和移民
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-05-07 DOI: 10.1016/j.econlet.2025.112353
David Beheshti , Nir Eilam
{"title":"Extreme weather and migration in the United States","authors":"David Beheshti ,&nbsp;Nir Eilam","doi":"10.1016/j.econlet.2025.112353","DOIUrl":"10.1016/j.econlet.2025.112353","url":null,"abstract":"<div><div>Extreme weather has become more frequent and intense over the past few decades. Given that the United States population has been historically highly mobile, direct and indirect effects of extreme weather could catalyze people to migrate. We test this empirically by exploiting spatial and temporal variation in temperature and precipitation at the county level over 6 decades (1950–2010). A non-parametric estimation yields an inverted U-shape relationship between temperature and net-migration, where decades in which the average temperature was more extreme are associated with lower net-migration. The effects are strongest for the most extreme average temperatures. We also find that extreme precipitation is associated with lower net-migration. These responses are driven by younger adults, and are not unique to agriculturally-dependent counties. These results are important as migration could mitigate the detrimental effects of climate change in the developed world.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"253 ","pages":"Article 112353"},"PeriodicalIF":2.1,"publicationDate":"2025-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144084023","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Human Right to Water Act and drinking water compliance: A synthetic control approach 《水权法》与饮用水遵守：综合控制方法
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-05-07 DOI: 10.1016/j.econlet.2025.112361
Chanheung Cho
{"title":"Human Right to Water Act and drinking water compliance: A synthetic control approach","authors":"Chanheung Cho","doi":"10.1016/j.econlet.2025.112361","DOIUrl":"10.1016/j.econlet.2025.112361","url":null,"abstract":"<div><div>This paper evaluates the impact of California’s Human Right to Water Act (HR2W) on drinking water compliance using a synthetic control approach. We construct a counterfactual from other U.S. states to estimate the 2016 policy’s causal effect. The results show a significant decline in the enforcement priority of public water systems (PWSs) in California relative to the synthetic counterpart. Robustness checks confirm that this decline is not driven by confounding factors like federal regulations. These findings provide empirical evidence on the effectiveness of targeted water governance policies.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"253 ","pages":"Article 112361"},"PeriodicalIF":2.1,"publicationDate":"2025-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143923418","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Women, men, and money: A gendered analysis of financial resilience 女性、男性和金钱：金融弹性的性别分析
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-05-07 DOI: 10.1016/j.econlet.2025.112352
Reon Matemane , Michael Machokoto , Tesfaye T. Lemma , Akios Majoni
{"title":"Women, men, and money: A gendered analysis of financial resilience","authors":"Reon Matemane ,&nbsp;Michael Machokoto ,&nbsp;Tesfaye T. Lemma ,&nbsp;Akios Majoni","doi":"10.1016/j.econlet.2025.112352","DOIUrl":"10.1016/j.econlet.2025.112352","url":null,"abstract":"<div><div>Leveraging data from the 2021–2022 Global Findex surveys encompassing 134 countries, we find evidence suggesting that women face greater difficulty mobilizing emergency funds within 7 and 30 days. This gender gap is more pronounced in emerging markets, bank-based financial systems, and civil law countries, highlighting the need for context-sensitive policy interventions to address institutional constraints and strengthen women’s financial resilience.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"253 ","pages":"Article 112352"},"PeriodicalIF":2.1,"publicationDate":"2025-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143923419","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Structural stability of functional data — A new adjusted-range-based self-normalization approach 函数数据的结构稳定性——一种新的基于调整范围的自归一化方法
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-05-06 DOI: 10.1016/j.econlet.2025.112350
Jiajing Sun , Yongmiao Hong , Zhuo Lin , Weichao Xu
{"title":"Structural stability of functional data — A new adjusted-range-based self-normalization approach","authors":"Jiajing Sun ,&nbsp;Yongmiao Hong ,&nbsp;Zhuo Lin ,&nbsp;Weichao Xu","doi":"10.1016/j.econlet.2025.112350","DOIUrl":"10.1016/j.econlet.2025.112350","url":null,"abstract":"<div><div>We propose an adjusted-range-based self-normalization method for testing structural stability in functional data. The approach improves computational efficiency and performs well in empirical applications to temperature data from New York Central Park Weather Station.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"253 ","pages":"Article 112350"},"PeriodicalIF":2.1,"publicationDate":"2025-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143921646","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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