Showing 1 - 10 of 80 Items
Does Productivity Respond to Exchange Rate Appreciations? A Theoretical and Empirical Investigation
Date: 2010-12-15
Creator: Yao Tang
Access: Open access
- Although real currency appreciations pose direct difficulties for exporters and import-competing firms as they will face more intense competition, is it possible that such competition spurs firms to improve productivity? To answer this question, the paper first constructs a theoretical model to show how the competitive pressures of currency appreciations induce firms to improve productivity by adopting new technologies. In addition, the model predicts that during appreciations there will be a positive relation between market concentration and improvements in productivity for industries highly exposed to trade, because the marginal benefits of productivity improvement will be bigger for firms with a larger market share. The paper then examines Canadian manufacturing data from 1997 to 2006, and finds evidence consistent with model predictions. I find that growth rates of labor productivity were on average higher during the Canadian dollar appreciation between 2002 and 2006, after controlling for industry characteristics. Within the group of highly traded Canadian industries, the more concentrated ones experienced larger growth in labor productivity.
Where do the poor live in cities? Revisiting the role of public transportation on income sorting in US urban areas
Date: 2020-06-03
Creator: Erik Nelson
Access: Open access
- Glaeser et al. (2008) argue that the relative distribution of poor and rich households (HHs) in American cities is "strongly" explained by the spatial location of the cities' public transportation (PT) networks. Among their claims: 1) The broad distribution of poor and rich HHs in the typical American city is consistent with a basic monocentric city model that includes commute technology speeds; 2) Poor commuters will overwhelmingly transition from commuting by PT to car if they experience a substantial increase in their HH’s income; 3) areas in American cities that receive new PT infrastructure become poorer over time. Using 2017 data I find empirical evidence that partially or wholly contradicts these three claims. First, as of 2017, the observed concentration of poor HHs in the inner city and rich HHs in the suburbs of the US’ smaller cities cannot be explained by monocentric model that includes commute speeds. Second, as of 2017, significant increases in poor HHs’ incomes were not expected to lead to a "massive shift" towards car commuting in these HHs; most of these poor workers commute by car already. Third, using data from four cities that expanded their light-rail and rapid-bus network in the early 2000s, I find that neighborhoods surrounding new light-rail or rapid-bus stations either saw little change in their income patterns or became slightly richer after station opening. In conclusion, as of 2017, the spatial distribution of HH incomes within American urban areas is not as intricately linked to the location of PT networks as Glaeser et al. (2008) would have us believe. As an addendum to the analysis I add some thoughts on how the COVID-19 pandemic might affect commuting behavior and income distributions within urban areas over the next decade.
The Role of Competition and Patient Travel in Hospital Profits: Why Health Insurers Should Subsidize Patient Travel
Date: 2013-05-01
Creator: Joseph S Durgin
Access: Open access
- This paper explores the effects of patient travel distance on hospital profit margins, with consideration to the effects of travel subsidies on hospital pricing. We develop a model in which hospital agglomeration leads to a negative relationship between profit margins and patient travel distance, challenging the standard IO theory that profit margins are higher for firms with greater distances of customer travel. Using data on patient visits and hospital finances from the California Office of Statewide Health Planning and Development (OSHPD), we test our theory and confirm that a hospital tends to have less pricing power if it draws patients from beyond its local cluster. We then consider how our results might justify the subsidizing of patient travel by insurers and government payers. Lastly, we present an argument for why the ubiquitous Hirschman-Herfindahl index of market concentration can be robust to owner and system-level hospital cooperation.
The supply of media slant across outlets and demand for slant within outlets: Evidence from US presidential campaign news
Date: 2020-06-01
Creator: Marcel Garz, Gaurav Sood, Daniel F. Stone, Justin Wallace
Access: Open access
- We conduct across-outlet and within-outlet (and within-topic) analyses of “congenially” slanted news. We study “horse race” news (news on candidates' chances in an upcoming election) from six major online outlets for the 2012 and 2016 US presidential campaigns. We find robust evidence that horse race headlines were slanted congenially with respect to the preferences of the outlets' typical readers. However, evidence of congenial slant in the timing and frequency of horse race stories is weaker. We also find limited evidence of greater within-outlet demand for headlines most congenial to outlets' typical readers, and somewhat stronger evidence of greater demand for relatively uncongenial headlines. We discuss how various aspects of our results are consistent with each of the major mechanisms driving slant studied in the theoretical literature, and may help explain when each mechanism is more likely to come into play. In particular, readers may be more likely to click on uncongenial headlines due to inferring that these stories are particularly informative when they stand in contrast to an outlet's typically congenial slant.
History lessons: The early development of intellectual property institutions in the United States
Date: 2001-01-01
Creator: B. Zorina Khan, Kenneth L. Sokoloff
Access: Open access
How do Robinhood Investors React to Macroeconomic News? Access to this record is restricted to members of the Bowdoin community. Log in here to view.
- Restriction End Date: 2025-06-01
Date: 2024-01-01
Creator: Aditya S Pall-Pareek
Access: Access restricted to the Bowdoin Community
Infant and Maternal Health Outcomes Following Improved Substance Use Disorder Treatment for Pregnant Women This record is embargoed.
- Embargo End Date: 2026-05-18
Date: 2023-01-01
Creator: Emma A. Bomfim
Access: Embargoed
Measuring the Relative Importance of Different Agricultural Inputs to Global and Regional Crop Yield Growth Since 1975
Date: 2016-09-01
Creator: Erik Nelson, Clare Bates Congdon
Access: Open access
- We identify the agricultural inputs that drove the growth in global and regional crop yields from 1975 to the mid-2000s. We find that improvements in agricultural technology, increased fertilizer use, and changes in crop mix around the world explained most of the gain in global crop yields, although impacts varied across the latitude gradient. Climate change over this time period caused yields to be only slightly lower than they would have been otherwise. In some cases cropland extensification had as much of a negative impact on global and regional yields as climate change. To maintain the momentum in yield growth across the globe 1) use of agricultural chemicals and investment in agricultural technology in the tropics must increase rapidly and 2) international trade in agricultural products must expand significantly.
Evaluating the Return in Ecosystem Services from Investment in Public Land Acquisitions
Date: 2013-06-11
Creator: Kent Kovacs, Stephen Polasky, Erik Nelson, Bonnie L. Keeler, Derric, Pennington, Andrew J. Plantinga, Steven J. Taff
Access: Open access
- We evaluate the return on investment (ROI) from public land conservation in the state of Minnesota, USA. We use a spatially-explicit modeling tool, the Integrated Valuation of Ecosystem Services and Tradeoffs (InVEST), to estimate how changes in land use and land cover (LULC), including public land acquisitions for conservation, influence the joint provision and value of multiple ecosystem services. We calculate the ROI of a public conservation acquisition as the ratio of the present value of ecosystem services generated by the conservation to the cost of the conservation. For the land scenarios analyzed, carbon sequestration services generated the greatest benefits followed by water quality improvements and recreation opportunities. We found ROI values ranged from 0.21 to 5.28 depending on assumptions about future land use change, service values, and discount rate. Our study suggests conservation is a good investment as long as investments are targeted to areas with low land costs and high service values. © 2013 Kovacs et al.
Implementing the Optimal Provision of Ecosystem Services
Date: 2013-08-01
Creator: Stephen Polasky, David Lewis, Andrew Plantinga, Erik Nelson
Access: Open access
- Many ecosystem services are public goods whose provision depends on the spatial pattern of land use. The pattern of land use is often determined by the decisions of multiple private landowners. Increasing the provision of ecosystem services, while beneficial for society as a whole, may be costly to private landowners. A regulator interested in providing incentives to landowners for increased provision of ecosystem services often lacks complete information on landowners’ costs. The combination of spatially-dependent benefits and asymmetric cost information means that the optimal provision of ecosystem services cannot be achieved using standard regulatory or payment for ecosystem services (PES) approaches. Here we show that an auction that pays a landowner for the increased value of ecosystem services generated by the landowner’s actions provides incentives for landowners to truthfully reveal cost information, and allows the regulator to implement the optimal provision of ecosystem services, even in the case with spatially-dependent benefits and asymmetric information.