Socioeconomics Strategic Plan
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Integrated Regional Econometric and Input-Output Modeling
Integrated Regional Econometric and Input-Output Modeling Sergio J. Rey12 Department of Geography San Diego State University San Diego, CA 92182 [email protected] January 1999 1Part of this research was supported by funding from the San Diego State Uni- versity Foundation Defense Conversion Center, which is gratefully acknowledged. 2This paper is dedicated to the memory of Philip R. Israilevich. Abstract Recent research on integrated econometric+input-output modeling for re- gional economies is reviewed. The motivations for and the alternative method- ological approaches to this type of analysis are examined. Particular atten- tion is given to the issues arising from multiregional linkages and spatial effects in the implementation of these frameworks at the sub-national scale. The linkages between integrated modeling and spatial econometrics are out- lined. Directions for future research on integrated econometric and input- output modeling are identified. Key Words: Regional, integrated, econometric, input-output, multire- gional. Integrated Regional Econometric+Input-Output Modeling 1 1 Introduction Since the inception of the field of regional science some forty years ago, the synthesis of different methodological approaches to the study of a region has been a perennial theme. In his original “Channels of Synthesis” Isard conceptualized a number of ways in which different regional analysis tools and techniques relating to particular subsystems of regions could be inte- grated to achieve a comprehensive modeling framework (Isard et al., 1960). As the field of regional science has developed, the term integrated model has been used in a variety of ways. For some scholars, integrated denotes a model that considers more than a single substantive process in a regional context. -
2015: What Is Made in America?
U.S. Department of Commerce Economics and2015: Statistics What is Made Administration in America? Office of the Chief Economist 2015: What is Made in America? In October 2014, we issued a report titled “What is Made in America?” which provided several estimates of the domestic share of the value of U.S. gross output of manufactured goods in 2012. In response to numerous requests for more current estimates, we have updated the report to provide 2015 data. We have also revised the report to clarify the methodological discussion. The original report is available at: www.esa.gov/sites/default/files/whatismadeinamerica_0.pdf. More detailed industry By profiles can be found at: www.esa.gov/Reports/what-made-america. Jessica R. Nicholson Executive Summary Accurately determining how much of our economy’s total manufacturing production is American-made can be a daunting task. However, data from the Commerce Department’s Bureau of Economic Analysis (BEA) can help shed light on what percentage of the manufacturing sector’s gross output ESA Issue Brief is considered domestic. This report works through several estimates of #01-17 how to measure the domestic content of the U.S. gross output of manufactured goods, starting from the most basic estimates and working up to the more complex estimate, domestic content. Gross output is defined as the value of intermediate goods and services used in production plus the industry’s value added. The value of domestic content, or what is “made in America,” excludes from gross output the value of all foreign-sourced inputs used throughout the supply March 28, 2017 chains of U.S. -
Economics 2 Professor Christina Romer Spring 2019 Professor David Romer LECTURE 16 TECHNOLOGICAL CHANGE and ECONOMIC GROWTH Ma
Economics 2 Professor Christina Romer Spring 2019 Professor David Romer LECTURE 16 TECHNOLOGICAL CHANGE AND ECONOMIC GROWTH March 19, 2019 I. OVERVIEW A. Two central topics of macroeconomics B. The key determinants of potential output C. The enormous variation in potential output per person across countries and over time D. Discussion of the paper by William Nordhaus II. THE AGGREGATE PRODUCTION FUNCTION A. Decomposition of Y*/POP into normal average labor productivity (Y*/N*) and the normal employment-to-population ratio (N*/POP) B. Determinants of average labor productivity: capital per worker and technology C. What we include in “capital” and “technology” III. EXPLAINING THE VARIATION IN THE LEVEL OF Y*/POP ACROSS COUNTRIES A. Limited contribution of N*/POP B. Crucial role of normal capital per worker (K*/N*) C. Crucial role of technology—especially institutions IV. DETERMINANTS OF ECONOMIC GROWTH A. Limited contribution of N*/POP B. Important, but limited contribution of K*/N* C. Crucial role of technological change V. HISTORICAL EVIDENCE OF TECHNOLOGICAL CHANGE A. New production techniques B. New goods C. Better institutions VI. SOURCES OF TECHNOLOGICAL PROGRESS A. Supply and demand diagram for invention B. Factors that could shift the demand and supply curves C. Does the market produce the efficient amount of invention? D. Policies to encourage technological progress Economics 2 Christina Romer Spring 2019 David Romer LECTURE 16 Technological Change and Economic Growth March 19, 2019 Announcements • Problem Set 4 is being handed out. • It is due at the beginning of lecture on Tuesday, April 2. • The ground rules are the same as on previous problem sets. -
Social Economics: Organizations John B
Marquette University e-Publications@Marquette Economics Faculty Research and Publications Economics, Department of 1-1-1998 Social Economics: Organizations John B. Davis Marquette University, [email protected] Published version. "Social Economics: Organizations," in Encyclopedia of Political Economy. Eds. Phillip Anthony O'Hara. London: Taylor & Francis (Routledge), 1998: 1038-1040. Publisher Link. © 1998 Taylor & Francis (Routledge). Used with permission. social economics: organizations Selected references ment, social security, credit policy, the Federal Reserve and postwar reconstruction). ThoUgh Apter, David E. (1993) "Social Democracy," in early contributors were influenced by neoclas_ William Outhwaite and Tom Bottomore sical economists, solidarism, a theoretical (eds), Blackwell Dictionary of Twentieth orientation critical of neoclassical economics Century Social Thought, Oxford: Blackwell. with origins in the work of Heinrich Pesch and Bernstein, Eduard (1898) Evolutionary Social Goetz Briefs in interwar Germany, became ism, New York: Schocken, 1961. increasing influential. Members of the ASE Milner, Henry (1990) Sweden: Social Democ tended to reject liberalism and laissez-faire, and racy in Practice, Oxford: Oxford University argued for a social market economy and an Press. economic process embedded in the larger living Nettl, IP. (1973) "Social Democracy in Ger context of society. many and Revisionism," in Dictionary of the In 1970 the members of the Association History of Ideas, vo l. 4, Studies of Selected elected to give up their strict identification with Pivotal Ideas, ed. Philip P. Wiener, New York: Catholic social thought, and gave the organiza Charles Scribner's Sons. tion its current name to refle~t the increasingly Pierson, Christopher (1991) Beyond the Welfare pluralistic character of its membership. -
Socioeconomics: Choice and Challenges Jeffrey L
University of Florida Levin College of Law UF Law Scholarship Repository Faculty Publications Faculty Scholarship 2-1-2004 Socioeconomics: Choice and Challenges Jeffrey L. Harrison University of Florida Levin College of Law, [email protected] Follow this and additional works at: http://scholarship.law.ufl.edu/facultypub Part of the Law Commons Recommended Citation Jeffrey L. Harrison, Socioeconomics: Choice and Challenges, 41 San Diego L. Rev. 257 (2004), available at http://scholarship.law.ufl.edu/facultypub/181 This Article is brought to you for free and open access by the Faculty Scholarship at UF Law Scholarship Repository. It has been accepted for inclusion in Faculty Publications by an authorized administrator of UF Law Scholarship Repository. For more information, please contact [email protected]. Socioeconomics: Choice and Challenges JEFFREY L. HARRISON* TABLE OF CONTENTS I. INTRO DUCTION ................................................................................................... 257 II. EXPLAINING CHOICES AND PREFERENCES ........................................................... 257 III. C HA LLENG ES ...................................................................................................... 263 A. M oving from "See, e.g." to "See". .......................................................... 264 B. Socioeconomics as an End ....................................................................... 265 C. A Positive Messagefor Teaching and Beyond .......................................... 267 I. INTRODUCTION -
A Better Measure of Economic Growth: Gross Domestic Output (Gdo)
COUNCIL OF ECONOMIC ADVISERS ISSUE BRIEF JULY 2015 A BETTER MEASURE OF ECONOMIC GROWTH: GROSS DOMESTIC OUTPUT (GDO) The growth of total economic output affects our assessment of current well-being as well as decisions about the future. Measuring the strength of the economy, however, can be difficult as it depends on surveys and administrative source data that are necessarily imperfect and incomplete. The total output of the economy can be measured in two distinct ways—Gross Domestic Product (GDP), which adds consumption, investment, government spending, and net exports; and Gross Domestic Income (GDI), which adds labor compensation, business profits, and other sources of income. In theory these two measures of output should be identical; however, they differ in practice because of measurement error. With today’s annual revision, the Bureau of Economic Analysis (BEA) began publishing a new measure of U.S. output—the “average of GDP and GDI”—which the Council of Economic Advisers (CEA) will refer to as Gross Domestic Output (GDO).1 This issue brief describes GDO, reviews its recent trends, and explains why it can be a more accurate measure of current economic growth and a better predictor of future economic growth than either GDP or GDI alone. What is Gross Domestic Output (GDO)? The first estimate of quarterly GDP is released nearly a month after each quarter’s end. Owing to data lags, GDI What we are calling “GDO” is the average of two existing is generally first released nearly two months after series, the headline Gross Domestic Product (GDP) and quarter’s end, along with the second estimate of GDP.2 its lesser-known counterpart, Gross Domestic Income As a result, with today’s advance GDP release, GDI and (GDI). -
Input-Output Models and Economic Impact Analysis: What They Can and Cannot Tell Us by Aaron Mcnay, Economist
Montana Economy at a Glance April 2013 Input-Output Models and Economic Impact Analysis: What they can and cannot tell us by Aaron McNay, Economist What economic impacts does a new business have in a region when it first opens its doors? What happens to business creation, or job growth, These questions have at when income taxes are increased or tax credits are least one thing in common, provided to businesses? they can each be examined in detail through a process How much does traffic decline on highways known as economic impact and roads when the price of gasoline increases? analysis. At a basic level, economic impact analysis examines the sectors in the area’s economy. For example, what happens economic effects that a business, project, governmental policy, when an automobile manufacturer increases the number of or economic event has on the economy of a geographic area. cars it produces each month? To increase production, the car At a more detailed level, economic impact models work by manufacturer will need to hire more workers, which directly modeling two economies; one economy where the economic increases total employment in the area. However, the car event being examined occurred and a separate economy manufacturer will also need to purchase more aluminum, steel, where the economic event did not occur. By comparing the and other goods that are used in the manufacturing process. two modeled economies, it is possible to generate estimates As the automobile manufacturer purchases more steel and of the total impact the project, businesses, or policy had on other inputs, the manufacturers of the goods, such as steel an area’s economic output, earnings, and employment. -
Education and Income Inequality: a Meta-Regression Analysis
Education and Income Inequality: A Meta-Regression Analysis Abdul Jabbar Abdullah* Hristos Doucouliagos Elizabeth Manning - FIRST DRAFT - Please do not quote without permission from the authors September 2011 Abstract This paper revisits the literature that investigates the effects of education on inequality. Specifically, the paper provides a comprehensive quantitative review of the extant econometrics literature through a meta-regression analysis of 64 empirical studies that collectively report 868 estimates of the effects of education on inequality. We find that education affects the two tails of the distribution of incomes; it reduces the income share of top earners and increases the share of the bottom earners, but has no effect on the share of the middle class. Inequality in education widens income inequality. Education has a larger negative effect on inequality in Africa. The heterogeneity in reported estimates can be largely explained by differences in the specification of the econometric model. JEL Codes: I24, C01 Keywords: Education, inequality, meta-regression analysis Number of words: 12,683 * Corresponding author. Abdullah: Universiti Teknologi Mara Sarawak Campus, Malaysia and PhD Candidate Deakin University, [email protected] Doucouliagos: School of Accounting, Economic and Finance, Deakin University, [email protected] Manning: School of Accounting, Economic and Finance, Deakin University, [email protected] 1 Education and Income Inequality: A Meta-Regression Analysis 1. Introduction Income inequality is a critically important social, political and economic issue in the study of economic development. Inequality can affect economic growth and development and it can impact upon political stability and class and ethnic tensions.1 The empirical literature identifies various factors that shape inequality, such as urbanization, the level of development, political regime, government intervention and land inequality. -
Fully Dynamic Input-Output/System Dynamics Modeling for Ecological-Economic System Analysis
sustainability Article Fully Dynamic Input-Output/System Dynamics Modeling for Ecological-Economic System Analysis Takuro Uehara 1,* ID , Mateo Cordier 2,3 and Bertrand Hamaide 4 1 College of Policy Science, Ritsumeikan University, 2-150 Iwakura-Cho, Ibaraki City, 567-8570 Osaka, Japan 2 Research Centre Cultures–Environnements–Arctique–Représentations–Climat (CEARC), Université de Versailles-Saint-Quentin-en-Yvelines, UVSQ, 11 Boulevard d’Alembert, 78280 Guyancourt, France; [email protected] 3 Centre d’Etudes Economiques et Sociales de l’Environnement-Centre Emile Bernheim (CEESE-CEB), Université Libre de Bruxelles, 44 Avenue Jeanne, C.P. 124, 1050 Brussels, Belgium 4 Centre de Recherche en Economie (CEREC), Université Saint-Louis, 43 Boulevard du Jardin botanique, 1000 Brussels, Belgium; [email protected] * Correspondence: [email protected] or [email protected]; Tel.: +81-754663347 Received: 1 May 2018; Accepted: 25 May 2018; Published: 28 May 2018 Abstract: The complexity of ecological-economic systems significantly reduces our ability to investigate their behavior and propose policies aimed at various environmental and/or economic objectives. Following recent suggestions for integrating nonlinear dynamic modeling with input-output (IO) modeling, we develop a fully dynamic ecological-economic model by integrating IO with system dynamics (SD) for better capturing critical attributes of ecological-economic systems. We also develop and evaluate various scenarios using policy impact and policy sensitivity analyses. The model and analysis are applied to the degradation of fish nursery habitats by industrial harbors in the Seine estuary (Haute-Normandie region, France). The modeling technique, dynamization, and scenarios allow us to show trade-offs between economic and ecological outcomes and evaluate the impacts of restoration scenarios and water quality improvement on the fish population. -
Econsoc 10-3 | Economic Sociology Of
economic sociology_the european electronic newsletter Volume 10, Number 3| July 2009 10.3 Editor Andrea Mennicken, London School of Economics and Political Science Book Review Editor Brooke Harrington, Max Planck Institute for the Study of Societies Editorial Board Patrik Aspers, Max Planck Institute for the Study of Societies, Cologne, and Stockholm University Jens Beckert, Max Planck Institute for the Study of Societies, Cologne Johan Heilbron, Centre de Sociologie Européenne, Paris Richard Swedberg, Cornell University, Ithaca Table of Contents Note from the editor_2 Law in Economy and Society: Introductory Comments by Laura Ford and Richard Swedberg_3 The Economy of Legal Practice as a Symbolic Market by Yves Dezalay and Bryant G. Garth_8 Semantic Legal Ordering: Property and its Social Effects by Laura Ford_14 The Legal Constitution of Market Society: Probing the Economic Sociology of Law by Sabine Frerichs_20 Intersections between Economic Sociology and Law: Interview with Gunther Teubner_26 Economic Sociology in France: Interview with Philippe Steiner_29 Book Reviews_34 PhD Projects_39 http://econsoc.mpifg.de Note from the editor 2 Note from the editor Dear reader, interview, Steiner discusses the state of the art of eco- nomic sociology in France and gives insight into his recent This issue of the Newsletter focuses on intersections be- work on the market for human body organs. From No- tween economic sociology and law. The “economic sociol- vember 2009, Philippe Steiner will take over the editorship ogy of law” is a field of study that, as Laura Ford and Rich- of the Newsletter with associate editors Sidonie Naulin and ard Swedberg argue in the introductory essay in this News- Nicolas Milicet (Université Paris-Sorbonne). -
PRINCIPLES of MICROECONOMICS 2E
PRINCIPLES OF MICROECONOMICS 2e Chapter 8 Perfect Competition PowerPoint Image Slideshow Competition in Farming Depending upon the competition and prices offered, a wheat farmer may choose to grow a different crop. (Credit: modification of work by Daniel X. O'Neil/Flickr Creative Commons) 8.1 Perfect Competition and Why It Matters ● Market structure - the conditions in an industry, such as number of sellers, how easy or difficult it is for a new firm to enter, and the type of products that are sold. ● Perfect competition - each firm faces many competitors that sell identical products. • 4 criteria: • many firms produce identical products, • many buyers and many sellers are available, • sellers and buyers have all relevant information to make rational decisions, • firms can enter and leave the market without any restrictions. ● Price taker - a firm in a perfectly competitive market that must take the prevailing market price as given. 8.2 How Perfectly Competitive Firms Make Output Decisions ● A perfectly competitive firm has only one major decision to make - what quantity to produce? ● A perfectly competitive firm must accept the price for its output as determined by the product’s market demand and supply. ● The maximum profit will occur at the quantity where the difference between total revenue and total cost is largest. Total Cost and Total Revenue at a Raspberry Farm ● Total revenue for a perfectly competitive firm is a straight line sloping up; the slope is equal to the price of the good. ● Total cost also slopes up, but with some curvature. ● At higher levels of output, total cost begins to slope upward more steeply because of diminishing marginal returns. -
The Revenue Functions of a Monopoly
SOLUTIONS 3 Microeconomics ACTIVITY 3-10 The Revenue Functions of a Monopoly At the opposite end of the market spectrum from perfect competition is monopoly. A monopoly exists when only one firm sells the good or service. This means the monopolist faces the market demand curve since it has no competition from other firms. If the monopolist wants to sell more of its product, it will have to lower its price. As a result, the price (P) at which an extra unit of output (Q) is sold will be greater than the marginal revenue (MR) from that unit. Student Alert: P is greater than MR for a monopolist. 1. Table 3-10.1 has information about the demand and revenue functions of the Moonglow Monopoly Company. Complete the table. Assume the monopoly charges each buyer the same P (i.e., there is no price discrimination). Enter the MR values at the higher of the two Q levels. For example, since total revenue (TR) increases by $37.50 when the firm increases Q from two to three units, put “+$37.50” in the MR column for Q = 3. Table 3-10.1 The Moonglow Monopoly Company Average revenue Q P TR MR (AR) 0 $100.00 $0.00 – – 1 $87.50 $87.50 +$87.50 $87.50 2 $75.00 $150.00 +$62.50 $75.00 3 $62.50 $187.50 +$37.50 $62.50 4 $50.00 $200.00 +$12.50 $50.00 5 $37.50 $187.50 –$12.50 $37.50 6 $25.00 $150.00 –$37.50 $25.00 7 $12.50 $87.50 –$62.50 $12.50 8 $0.00 $0.00 –$87.50 $0.00 2.