{"title":"The determinant of Chinese foreign direct investments in oil exporting African countries","authors":"Kafilah Lola Gold","doi":"10.1111/coep.12568","DOIUrl":"10.1111/coep.12568","url":null,"abstract":"<p>The observed presence of China in the top 18 oil/minerals exporting countries in Africa warrants special interest, as the engagement has extended considerably to appear as an influential, hitherto questionable, South–South cooperation. In this study, the determinants of China's Foreign direct investment (FDI) stock and flow from 2003 to 2017 is examined using Ordinary least squares (OLS), generalized least squares (GLS) and Instrumental Variable 2-Stage Least Squares techniques. The results indicate that oil/minerals and agricultural imports facilitate more FDI, and political instability spurs more FDI. Overall, this study recommends that policymakers should enhance trade policies to improve the sustainability of China–Africa engagement.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 3","pages":"476-490"},"PeriodicalIF":1.5,"publicationDate":"2022-03-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42245031","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}
Marco Di Domizio, Carlo Bellavite Pellegrini, Raul Caruso
{"title":"Payroll dispersion and performance in soccer: A seasonal perspective analysis for Italian Serie A (2007–2021)","authors":"Marco Di Domizio, Carlo Bellavite Pellegrini, Raul Caruso","doi":"10.1111/coep.12566","DOIUrl":"10.1111/coep.12566","url":null,"abstract":"<p>This paper investigates the relevance of wage distributions among players in determining the seasonal performances of Italian Serie A teams. Using dispersion measures on weighted wages calculated from 2007 to 2021, we analyzed the relationship between pay dispersion and team performance over 14 seasons. The percentage of points at the end of the season served as the dependent variable, and panel data techniques revealed a statistically significant association of seasonal team performances with relative wages and a negative association with salary dispersion. The empirical results confirm that cohesion theory holds true for soccer teams in Italy, and therefore more equally weighted wages are associated with better on-field performance.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 3","pages":"513-525"},"PeriodicalIF":1.5,"publicationDate":"2022-02-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41599907","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}
{"title":"The local effects of federal law enforcement policies: Evidence from sanctuary jurisdictions and crime","authors":"Dale T. Manning, Jesse Burkhardt","doi":"10.1111/coep.12564","DOIUrl":"10.1111/coep.12564","url":null,"abstract":"<p>This study estimates the association between sanctuary policies and crime in the United States by exploiting an increase in state and local sanctuary policy adoption in 2014. Counties that adopted sanctuary policies in 2014 experienced a decrease of 17.9 violent crimes per 100,000 inhabitants per year (0.02 percentage points) compared to counties that continued to cooperate with Immigration and Customs Enforcement Agency (ICE), with the relationship driven by decreases in robberies and assaults. This result implies that sanctuary policies avoid $101 million per year in crime costs. Conversely, ICE cooperation increases crime costs in local communities by $3.28 billion per year.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 3","pages":"423-438"},"PeriodicalIF":1.5,"publicationDate":"2022-02-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48654742","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}
{"title":"On the role of domestic trade flows for estimating the gravity model of trade","authors":"Yoto V. Yotov","doi":"10.1111/coep.12567","DOIUrl":"10.1111/coep.12567","url":null,"abstract":"<p>The gravity equation is the workhorse model of trade. Despite solid theoretical foundations and clear gains from theory-consistent policy analysis, there are still gaps between gravity theory and empirics. This paper focuses on domestic trade flows, and I argue that there are significant benefits from adhering to theory by estimating gravity equations with domestic (in addition to international) trade flows. I review the related literature and synthesize 15 arguments for using domestic trade flows in gravity estimations. The analysis reveals the need for further theory contributions and new data developments, and points to opportunities for more policy applications.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 3","pages":"526-540"},"PeriodicalIF":1.5,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12567","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42987186","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Earned Income Tax Credit as supplementary food benefits and savings for durable goods","authors":"Jonathan Fisher, David H. Rehkopf","doi":"10.1111/coep.12565","DOIUrl":"10.1111/coep.12565","url":null,"abstract":"<p>The Earned Income Tax Credit (EITC) transferred more than $67 billion to taxpayers in 2016. We estimate changes in spending that occur following EITC disbursement. We make three key advances in identifying the effect: using estimated EITC dollar benefits to differentiate the impact of low from high benefits; estimating the impact by liquid assets; and, employing a triple-difference model around the 1993 expansion and a separate triple-difference model over the number of children. We find that the EITC acts as supplementary SNAP benefits for those with small EITC benefits, while those with larger benefits increase spending on durables, particularly automobiles.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 3","pages":"439-455"},"PeriodicalIF":1.5,"publicationDate":"2022-01-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41723747","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}
{"title":"Housing affordability and responses during times of stress: A preliminary look during the COVID-19 pandemic","authors":"Stephen Malpezzi","doi":"10.1111/coep.12563","DOIUrl":"https://doi.org/10.1111/coep.12563","url":null,"abstract":"<p>The global SARS-CoV-2/COVID-19 Pandemic has disrupted public health, economies, and housing markets since early 2020. The shock has called forth a number of policy responses, such as moratoria on foreclosures and evictions, attempts to regulate rents and prices, and a range of subsidies on both supply and demand sides. This paper reviews the state of housing markets and discusses the expected efficacy of alternative policy measures taken or contemplated. Recognizing the provisional nature of any paper written during a large and durable ongoing shock, suggestions for additional research are provided.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 1","pages":"9-40"},"PeriodicalIF":1.5,"publicationDate":"2022-01-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12563","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50137583","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Priyanka Anand, Denise Hoffman, John T. Jones, Siarhei Lukashanets
{"title":"Labor supply response to overpayment notifications: Evidence from Social Security Disability Insurance","authors":"Priyanka Anand, Denise Hoffman, John T. Jones, Siarhei Lukashanets","doi":"10.1111/coep.12561","DOIUrl":"10.1111/coep.12561","url":null,"abstract":"<p>We use administrative data to provide evidence that notification of work-related overpayment debt reduces subsequent work activity by Social Security Disability Insurance beneficiaries. We exploit randomness in the timing of the overpayment debt notification by comparing beneficiary work activity before and after notification. Our results show that the share of overpaid beneficiaries engaging in substantial work activity declined by 8% over the 2-month period following an overpayment notification, which reduced to 4% after accounting for the ongoing declining trend in work activity. This evidence that overpayment debt notification discourages work highlights the need for policies to curtail overpayments.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 2","pages":"304-322"},"PeriodicalIF":1.5,"publicationDate":"2022-01-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45207226","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}
Stephen R. Barnes, Louis-Philippe Beland, Jason Huh, Dongwoo Kim
{"title":"COVID-19 lockdown and traffic accidents: Lessons from the pandemic","authors":"Stephen R. Barnes, Louis-Philippe Beland, Jason Huh, Dongwoo Kim","doi":"10.1111/coep.12562","DOIUrl":"10.1111/coep.12562","url":null,"abstract":"<p>We use a regression discontinuity design to study the effect of the COVID-19 lockdown on traffic accidents. Based on administrative data from Louisiana, we find that the lockdown order led to a significant decrease in traffic accidents (−47%), including accidents involving injury (−46%) and ambulance (−41%). We also find evidence of heterogeneous changes in the decline of drivers involved in accidents, with a smaller decline among individuals aged 25 to 64, male, and nonwhite drivers.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 2","pages":"349-368"},"PeriodicalIF":1.5,"publicationDate":"2021-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12562","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43493514","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Technology and task changes in the major EU countries","authors":"Sergio De Nardis, Francesca Parente","doi":"10.1111/coep.12558","DOIUrl":"10.1111/coep.12558","url":null,"abstract":"<p>Drawing on the Acemoglu–Restrepo framework, this article investigates the influence of technological innovations on the wage bill of France, Germany, Italy and Spain We show that in these countries: (a) the wage-bill deceleration since the 1990s has mainly been productivity driven; (b) but was also affected by a wage-share compression; (c) contraction of labor-intensive tasks played a relevant role in such compression; (d) this reflected an acceleration of technology-induced labor displacement not sufficiently offset by the reinstatement of new labor-intensive tasks; (e) labor displacement was higher in low-end services. Econometric analysis of displacement confirms the influence of technology.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 2","pages":"391-413"},"PeriodicalIF":1.5,"publicationDate":"2021-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41872827","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}
{"title":"Estimating the effects of sports and physical exercise on bullying","authors":"Dimitrios Nikolaou, Laura M. Crispin","doi":"10.1111/coep.12560","DOIUrl":"10.1111/coep.12560","url":null,"abstract":"<p>Using three nationally representative high school samples, we estimate the effect of physical activity in general, and sports specifically, on in-school student victimization (i.e., bullying), overall and by gender. Due to non-random selection, we instrument physical activity in a two-stage model using state-level sports participation rates and physical education requirements. We find that physical exercise may decrease, if not prevent, victimization, though competitive sports increase the likelihood of bullying for those on the margin, especially for male students. These results are relevant for administrators and policymakers, who can increase access to physical activities while simultaneously increasing oversight on and off-the-field.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 2","pages":"283-303"},"PeriodicalIF":1.5,"publicationDate":"2021-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46309376","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}