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Contemporary Economic Policy最新文献

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Political systems, regime memory, and economic freedom 政治制度、政权记忆和经济自由
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2024-01-02 DOI: 10.1111/coep.12635
Peter Calcagno, Beatriz Maldonado, Todd Nesbit, Mary Frances Zeager
{"title":"Political systems, regime memory, and economic freedom","authors":"Peter Calcagno,&nbsp;Beatriz Maldonado,&nbsp;Todd Nesbit,&nbsp;Mary Frances Zeager","doi":"10.1111/coep.12635","DOIUrl":"10.1111/coep.12635","url":null,"abstract":"<p>We expand on the economic research about regime types, culture, institutions, and economic freedom, with the development of a unique measure of regime memory and examine the generational effect of past regimes on a country's level of economic freedom. Using a panel of 144 countries between 1970 and 2015 we follow the literature and argue that institutions can be fast and slow-moving. We find evidence that regime memory promotes improvements in (discourages) economic freedom for countries that are historically democratic (autocratic).</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 2","pages":"336-354"},"PeriodicalIF":1.5,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12635","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139373868","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}
引用次数: 0
Do payday lending bans protect or constrain regional economies? Evidence from the Military Lending Act's final rule 发薪日贷款禁令是保护还是限制了地区经济？来自《军事借贷法》最终规则的证据
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-12-30 DOI: 10.1111/coep.12636
Craig Wesley Carpenter, Kristopher Deming, John Anders, Michael Lotspeich-Yadao, Charles M. Tolbert, Adam Ingrao
{"title":"Do payday lending bans protect or constrain regional economies? Evidence from the Military Lending Act's final rule","authors":"Craig Wesley Carpenter,&nbsp;Kristopher Deming,&nbsp;John Anders,&nbsp;Michael Lotspeich-Yadao,&nbsp;Charles M. Tolbert,&nbsp;Adam Ingrao","doi":"10.1111/coep.12636","DOIUrl":"10.1111/coep.12636","url":null,"abstract":"<p>The 2007 Military Lending Act attempted to ban high-interest loans to U.S. military members and the 2017 “Final Rule” further restricted access, causing regional shocks in payday lending exposure in counties with a military base. Difference-in-differences and dynamic estimators provide mixed evidence on the effect of this payday lending access shock on regional economic outcomes and local business outcomes. However, we consistently find statistically significant reduced entry and exit of firms. Given payday lenders congregate around low-income and minoritized populations analogously to how they congregated around military bases, these results provide policy implications for more general usury bans.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 2","pages":"319-335"},"PeriodicalIF":1.5,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12636","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139071910","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}
引用次数: 0
Making the grade: The effect of teacher grading standards on student outcomes 评分：教师评分标准对学生成绩的影响
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-12-30 DOI: 10.1111/coep.12637
Seth Gershenson, Stephen B. Holt, Adam Tyner
{"title":"Making the grade: The effect of teacher grading standards on student outcomes","authors":"Seth Gershenson,&nbsp;Stephen B. Holt,&nbsp;Adam Tyner","doi":"10.1111/coep.12637","DOIUrl":"10.1111/coep.12637","url":null,"abstract":"<p>One mechanism by which teachers might affect student learning is through the grading standards they set for their classrooms. However, the effects of grading standards on student outcomes are understudied. Using administrative data that links individual students and teachers in Algebra I classrooms from 2006 to 2016, we examine the effects of teachers' grading standards on student learning and attendance. High teacher grading standards increase both contemporaneous student achievement in Algebra I and performance in subsequent math classes. Heterogeneity analyses find that these impacts are positive and similar in size for students of different backgrounds, aptitudes, and school contexts.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 2","pages":"305-318"},"PeriodicalIF":1.5,"publicationDate":"2023-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139071547","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
Higher education: The impact of recreational marijuana on college applications 高等教育：娱乐性大麻对大学申请的影响
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-12-07 DOI: 10.1111/coep.12633
Christopher D. Blake, Danna Kang Thomas, Joshua Hess
{"title":"Higher education: The impact of recreational marijuana on college applications","authors":"Christopher D. Blake,&nbsp;Danna Kang Thomas,&nbsp;Joshua Hess","doi":"10.1111/coep.12633","DOIUrl":"10.1111/coep.12633","url":null,"abstract":"<p>Using a two-way fixed effects difference-in-differences model, we investigate the effects of local recreational marijuana (RMJ) policy changes on college applications and find that the three largest state public schools reaped, on average, an almost 54% increase in applications. This increase does not appear to come solely from low-ability students as both first and third quartiles of admitted student composite SAT scores to the largest three public schools do not decrease. Rather, they both increase by almost 3.8% though these estimates are not statistically significant. Robust difference-in-difference and event study models support the signs and magnitudes of these gains and show they diminish over time.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 2","pages":"259-277"},"PeriodicalIF":1.5,"publicationDate":"2023-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138559561","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
College applications and enrollment effects of the Common Application 大学申请和招生效果的通用申请
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-11-20 DOI: 10.1111/coep.12632
Darren Page
{"title":"College applications and enrollment effects of the Common Application","authors":"Darren Page","doi":"10.1111/coep.12632","DOIUrl":"10.1111/coep.12632","url":null,"abstract":"<p>This paper measures college applicants' response to the expansion of the Common Application, an online platform that reduces the time costs of additional applications to its member colleges. When a local college becomes a member institution, applicants are more likely to use the Common Application, submit more applications, send more ACT score reports, and are more likely to enroll in member colleges. Low-income applicants respond more strongly and are also more likely to enroll in private colleges instead of public colleges. The results are consistent with behavioral responses rather than sensitivity to time costs.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 2","pages":"237-258"},"PeriodicalIF":1.5,"publicationDate":"2023-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138495660","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
Gender differences in graduate student views on the professional climate in economics 研究生对经济学专业氛围看法的性别差异
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-11-07 DOI: 10.1111/coep.12630
Ann Mari May, Mary G. McGarvey, Muazzam Toshmatova
{"title":"Gender differences in graduate student views on the professional climate in economics","authors":"Ann Mari May,&nbsp;Mary G. McGarvey,&nbsp;Muazzam Toshmatova","doi":"10.1111/coep.12630","DOIUrl":"10.1111/coep.12630","url":null,"abstract":"<p>This research examines graduate student's views on the professional climate in economics using a comprehensive survey of students enrolled in economics Ph.D. programs in the United States. Topics discussed include stress and work/life balance, disciplinary climate in the profession, departmental climate, and the prevalence of sexual harassment. We find significant gender differences in views on all four topics—particularly in views on departmental climate and disciplinary climate in the profession. We analyze the results based on gender, rank of the institution, public versus private institutional status, and representation of women faculty in departments.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 2","pages":"206-222"},"PeriodicalIF":1.5,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12630","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135479708","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}
引用次数: 0
Tax incentives and corporate innovation: Evidence from China's value-added tax reform 税收激励与企业创新：来自中国增值税改革的证据
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-10-30 DOI: 10.1111/coep.12631
Jun Wang, Congcong Liu, Zhuan Xie, Guangjun Shen
{"title":"Tax incentives and corporate innovation: Evidence from China's value-added tax reform","authors":"Jun Wang,&nbsp;Congcong Liu,&nbsp;Zhuan Xie,&nbsp;Guangjun Shen","doi":"10.1111/coep.12631","DOIUrl":"10.1111/coep.12631","url":null,"abstract":"<p>Innovation is crucial for technological progress and economic development. Using the value-added tax (VAT) reform in China as a policy shock, this study explores whether tax incentives are beneficial in promoting corporate innovation. We find that the VAT reform has a significant positive impact on corporate innovation, and the finding holds under a series of robustness checks. Mechanism analysis suggests that the VAT reform promotes firms' innovation activities mainly by alleviating financing constraints and amplifying research and development intensity. This study offers policy implications for using tax policies to stimulate corporate innovation.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 1","pages":"183-202"},"PeriodicalIF":1.5,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136103880","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
Banking concentration, financial openness, and financial development 银行业集中度、金融开放度和金融发展
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-10-24 DOI: 10.1111/coep.12629
Edgar A. Ghossoub, Andre Harrison, Robert R. Reed
{"title":"Banking concentration, financial openness, and financial development","authors":"Edgar A. Ghossoub,&nbsp;Andre Harrison,&nbsp;Robert R. Reed","doi":"10.1111/coep.12629","DOIUrl":"10.1111/coep.12629","url":null,"abstract":"<p>We examine how financial development in the banking sector depends on the degree of capital account openness and the degree of bank concentration across countries. Using data on 136 countries, we find that the relationship of openness to credit market activity depends on the level of economic development. In high income countries, openness is only associated with higher credit market activity in concentrated banking systems. However, in developing countries, there is evidence that openness is associated with higher credit market activity regardless of concentration. Moreover, in contrast to previous work we examine how the impact of concentration depends on openness.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 1","pages":"120-159"},"PeriodicalIF":1.5,"publicationDate":"2023-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135265769","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
The effects of COVID-19 policies on consumer spending in Norway COVID-19政策对挪威消费者支出的影响
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-10-13 DOI: 10.1111/coep.12627
Fenella Carpena, Laurens Swinkels, Dan Zhang
{"title":"The effects of COVID-19 policies on consumer spending in Norway","authors":"Fenella Carpena,&nbsp;Laurens Swinkels,&nbsp;Dan Zhang","doi":"10.1111/coep.12627","DOIUrl":"10.1111/coep.12627","url":null,"abstract":"<p>We examine the effect of COVID-19 policies on consumer spending using bankcard transactions from Norway. Exploiting variation in COVID-19 policies over time and across space in the four largest municipalities, we investigate the heterogeneity of policy effects in their <i>number</i> and <i>type</i>. First, we document that the number of restrictions is negatively correlated with spending and exhibits decreasing marginal effects. Second, restrictions do not affect all types of spending equally: restrictions tend to have larger impacts on the sector in which they are targeted. Finally, we find suggestive evidence from a difference-in-differences estimation that supports a causal interpretation of our results.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 1","pages":"56-67"},"PeriodicalIF":1.5,"publicationDate":"2023-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12627","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135858086","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}
引用次数: 0
Does broadband affect local economic outcomes less than we thought? Micro evidence from Louisiana 宽带对地方经济成果的影响比我们想象的要小？路易斯安那州的微观证据
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-10-12 DOI: 10.1111/coep.12628
Gary A. Wagner, Hyun Ji Lee
{"title":"Does broadband affect local economic outcomes less than we thought? Micro evidence from Louisiana","authors":"Gary A. Wagner,&nbsp;Hyun Ji Lee","doi":"10.1111/coep.12628","DOIUrl":"10.1111/coep.12628","url":null,"abstract":"<p>High-speed internet access is a core tenet of economic development strategies post-COVID. While expanding access is linked to many positive benefits, evidence associating broadband to job growth and business formation is more mixed. This study expands the literature along several dimensions, most notably exploring how business download speeds affect employment, business formation, and survival at a microscale. Using conventional and Least Absolute Shrinkage and Selection Operator instrumental variables strategies, with terrain features as instruments, we find consistent evidence that broadband speeds stimulate local development. However, our estimates are 60%–65% smaller than those from recent studies, suggesting that broadband may be less beneficial than previously assumed.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"42 1","pages":"68-93"},"PeriodicalIF":1.5,"publicationDate":"2023-10-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135969790","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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