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In this paper we model interstate trade in US shadow economies using a traditional gravity model, updated to control for factors that encourage (discourage) underground exchange among formal sector trading partners. Using data on interstate trade flow from the US Census Bureau, and state-level...
Persistent link: https://www.econbiz.de/10013004643
This paper offers a new theory of the corruption-shadow economy relationship: one that defines it as either collusive – i.e., crony – or non-collusive. Using new estimates of state-level shadow economy size, and data on corruption convictions of U.S. public officials for the 48 contiguous...
Persistent link: https://www.econbiz.de/10013034061
In this paper, we investigate the effect of Donald Trump's campaign for coal during his successful race for the White … Party shares in coal counties in 2016 relative to other presidential election years. Then, we use a spatial Durbin Error … model to estimate the impact of coal production on the Republicans' vote share in the US Presidential Election of 2016 at …
Persistent link: https://www.econbiz.de/10014545256
In this paper we investigate the effect of Donald Trump's campaign for coal in his successful race for the White House … in 2016. Using a spatial Durbin model we estimate the effect of coal production on the Republicans vote share in the US … between Mitt Romney in 2012 and Donald Trump in 2016 as the dependent variable. The positive effect of coal production on the …
Persistent link: https://www.econbiz.de/10013266083
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the transition, up until the shock is fully absorbed. Viability is a function of the speed of job destruction and the … transition. Within the realm of feasible scenarios, unemployment differentials are simultaneously determined by the speed of … destruction is fast and benefits are high. -- transition ; heterogeneous labor ; job creation ; unemployment benefit ; wage …
Persistent link: https://www.econbiz.de/10003339774
The credit union movement has experienced rapid growth across the United States in recent years. After the financial crisis of 2007-2008, US credit unions emerged more resolutely as trusted financial partners, able to maintain lending during the credit crunch and offering better loan and deposit...
Persistent link: https://www.econbiz.de/10012897766
In 2008-2009, the US and the UK undertook quantitative easing to drive interest rates to near zero to combat the Global Financial Crisis, and China increased the growth rate of base money slightly. The resulting credit growth was very slight in US and UK but over 100% in China. The US and UK...
Persistent link: https://www.econbiz.de/10013143005
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