{"title":"The effectiveness of government incentives for outward investment: The case of China's Belt and Road Initiative","authors":"Hangtian Xu, Fuqiang Yang, Wenzhuo Zheng","doi":"10.1111/coep.12646","DOIUrl":"https://doi.org/10.1111/coep.12646","url":null,"abstract":"<p>Chinese government introduced a package of incentives to encourage enterprise internationalization under the 2013 Belt and Road Initiative. There is regional variation of this policy incentive, based on which, we examine its impact on listed firms' outward investment. The results evident resource misallocation in firms in specific industries which received incentives; instead of utilizing them for overseas investment, the beneficiary firms were directed toward increasing domestic investment. Contrarily, firms in industries that were not incentivized (restricted industries whose domestic development is not encouraged) were inclined to engage in overseas investment. We provide possible explanations.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 3","pages":"498-523"},"PeriodicalIF":1.7,"publicationDate":"2024-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141439661","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}
Shishir Shakya, Alicia Plemmons, Kihwan Bae, Edward Timmons
{"title":"The pharmacist will see you now: Pharmacist prescriptive authority and access to care","authors":"Shishir Shakya, Alicia Plemmons, Kihwan Bae, Edward Timmons","doi":"10.1111/coep.12647","DOIUrl":"https://doi.org/10.1111/coep.12647","url":null,"abstract":"In 2018, Idaho became the first state to grant broad prescriptive authority to pharmacists for select medications, such as rescue inhalers (a drug to prevent and treat asthmatic symptoms) and insulin pen needles (for people with diabetes). We analyze the impact of this reform on Medicare beneficiaries' access to these time‐sensitive treatments. Our findings reveal increased Medicare Part D claims, 30‐day fills, and 30‐day supplies of albuterol sulfate and insulin pen needles following expanded pharmacist authority. This translates to approximately three additional patients per pharmacist receiving timely care, potentially preventing costly alternatives such as emergency room visits.","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"74 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2024-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140810242","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":"Household carbon dioxide emissions Engel Curve dynamics","authors":"Robert Huang, Matthew E. Kahn","doi":"10.1111/coep.12644","DOIUrl":"10.1111/coep.12644","url":null,"abstract":"<p>Household carbon dioxide emissions depend on the household's attributes and location. Wealthier suburbanites drive more and consume more energy at home. In recent years, affluent individuals have been more likely to purchase electric vehicles and install solar panels. Using several datasets from California, we observe that these shifts in consumer behavior have flattened household Carbon Emissions Engel Curves in the transportation sector and the electricity sector. Based on voting data from a 2018 proposition to repeal a fuel tax in California, we document that communities tend to support higher fuel taxes when their vehicle fleet is more fuel-efficient.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 3","pages":"396-415"},"PeriodicalIF":1.7,"publicationDate":"2024-04-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140582532","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":"Supply of mental health practices after prescriptive authority expansion for psychologists","authors":"Angela Shoulders, Alicia Plemmons","doi":"10.1111/coep.12643","DOIUrl":"https://doi.org/10.1111/coep.12643","url":null,"abstract":"The prescription‐privileges movement has advocated for state laws enabling trained psychologists to prescribe psychotropic medication. We examine the impact of these laws on healthcare access and outcomes. Using staggered difference‐in‐differences analysis and Data Axle data, we estimate the number of new mental health establishments per 100,000 people after policy implementation. Using CDC data, we analyze the policy's impact on suicide rates. We find the policy increased the number of psychology and counseling practices without decreasing the number of psychiatric practices, implying that these practices are complements rather than substitutes. Quality held steady, with no notable change in the suicide rate.","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"38 1","pages":""},"PeriodicalIF":1.5,"publicationDate":"2024-04-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140582852","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}
Craig McFarland, Peter A. Groothuis, Dennis Guignet
{"title":"The role of football win percentage on college applications for Power Five and Group of Five schools","authors":"Craig McFarland, Peter A. Groothuis, Dennis Guignet","doi":"10.1111/coep.12642","DOIUrl":"10.1111/coep.12642","url":null,"abstract":"<p>Investing in athletics is one approach that universities have taken to better appeal to potential students. We analyze whether football success, as measured by win percentage, is correlated with a higher number of student applicants. We find that for schools in the major “Power-Five” conferences, win percentage does not significantly change the number of students who apply. However, in the smaller “Group-of-Five” conferences, win percentage is associated with an increase in the number of applications. This is a particularly relevant finding because smaller universities may often be the ones struggling to maintain the size of their student body.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 3","pages":"474-482"},"PeriodicalIF":1.7,"publicationDate":"2024-03-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12642","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140301874","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":"Income inequality and party alternation: State-level evidence from the United States","authors":"Peter Calcagno, Alexander Marsella, Yang Zhou","doi":"10.1111/coep.12641","DOIUrl":"10.1111/coep.12641","url":null,"abstract":"<p>Using multiple measures of income inequality and political party alternation for US states we examine panel data from 1971 to 2015 to test whether income inequality affects party alternation for governors. We test various measures of party alternation at the state level. The evidence suggests that income inequality increases party alternation and has a nonlinear relationship with gubernatorial-party alternation. Income inequality backlash is more evident for Republicans and favors Democrats when inequality is high, with the opposite being true. Results vary with the choice of inequality and party alternation measures, which suggests income inequality for states should be further examined.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 2","pages":"355-374"},"PeriodicalIF":1.5,"publicationDate":"2024-02-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139903631","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":"Gender equity and male and female smoking behavior","authors":"William Jergins","doi":"10.1111/coep.12640","DOIUrl":"10.1111/coep.12640","url":null,"abstract":"<p>We document a positive relationship between culturally inherited beliefs about gender equity and female smoking, using data on first and second-generation immigrants living in the United States. We find that a one standard deviation increase in our measure of gender equity is associated with an increase in the probability that a female immigrant smokes of approximately 1.4 and 1.8 percentage points or 23% and 20% for first and second-generation immigrants respectively. As male smoking behavior is largely unaffected by gender equality, we find that gender equity tends to reduce the size of the gender gap in smoking.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 3","pages":"448-473"},"PeriodicalIF":1.7,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139680290","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":"Spillover between Medicare and Medicaid: Evidence from decreasing physician reimbursements","authors":"Kole Reddig","doi":"10.1111/coep.12639","DOIUrl":"10.1111/coep.12639","url":null,"abstract":"<p>This paper studies the effect of large changes in Medicaid reimbursement rates on the quantity of care supplied to Medicare beneficiaries. In 2015, the payment parity provision of the Affordable Care Act ended, causing widespread decreases in reimbursements to primary care providers for Medicaid services. Difference-in-differences and triple-differences model estimates show that decreasing physician payments for Medicaid caused a small increase in the number of services provided to Medicare beneficiaries. I explore the mechanisms driving this result, giving context and insight into some current puzzles regarding the effects of the ACA's Medicaid expansion.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 2","pages":"223-236"},"PeriodicalIF":1.5,"publicationDate":"2024-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139585205","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}
Deborah M. Weiss, Matthew L. Spitzer, Colton Cronin, Neil Chin
{"title":"Why college majors and selectivity matter: Major groupings, occupation specificity, and job skills","authors":"Deborah M. Weiss, Matthew L. Spitzer, Colton Cronin, Neil Chin","doi":"10.1111/coep.12634","DOIUrl":"10.1111/coep.12634","url":null,"abstract":"<p>We provide new approaches to examining the returns to college majors and institutional selectivity. Using unique resume data, we devise new groupings of majors and use these to construct five measures that characterize majors. Applying these measures to the National Survey of College Graduates, we find that majors that lead to jobs that are math-intensive or writing-intensive have higher earnings and also a higher return to selectivity. Majors that are occupationally specific also have higher earnings but have a lower return to institutional selectivity. We find that the value of selectivity relative to major increases as selectivity rises.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 2","pages":"278-304"},"PeriodicalIF":1.5,"publicationDate":"2024-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12634","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139420888","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":"Does membership of the EMU matter for economic and financial outcomes?","authors":"Omid M. Ardakani, N. Kundan Kishor, Suyong Song","doi":"10.1111/coep.12638","DOIUrl":"10.1111/coep.12638","url":null,"abstract":"<p>This study examines the effects of joining the European Monetary Union (EMU) using propensity score matching to address self-selection bias. Findings indicate that EMU membership leads to reduced volatility in inflation, output growth, and bond yields. However, it also reveals fiscal deterioration in member states during the pre-financial crisis period, even excluding Greece, Ireland, Portugal, and Spain. These countries experienced favorable bond market conditions pre-crisis. The study underscores varying EMU effectiveness across different periods and countries, emphasizing the importance for policymakers to consider these variations when adopting EMU strategies.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 3","pages":"416-447"},"PeriodicalIF":1.7,"publicationDate":"2024-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139420895","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}