This paper analyzes the effects of intrastate water reallocation on agricultural productivity. Specifically, I look at the 1976 Krishna Water Dispute Tribunal that reallocated the rights of three Indian states over the Krishna River. I exploit districttime variation in access to water to obtain...

This study monetizes the life cycle environmental damage, human health risk, and resource depletion externalities associated with the production and use of biodiesel fuels from soybean feedstock. Utilizing an integrated economic-environmental assessment framework that couples life cycle impacts...

This paper investigates the extent to which modern DSGE models, which feature local currency pricing, home bias, nontraded goods and incomplete markets, can generate nonlinear real exchange rate dynamics that are consistent with those found in the time series literature using data from the...

We develop a framework for modeling the technological, economic, environmental, and social impacts of the life cycle of seven transportation fuels (Corn, Stover, Switchgrass, Yellow Poplar, Newsprint and Municipal Solid Waste Ethanol Blends, as well as Gasoline), by linking engineering based...

This paper presents a model consisting of a large number of students who differ by race and by the stock of human capital of their parents. Students choose effort levels in high school and college. College attendance is dependent on the student’s decision to attend college and the college’s...

This paper examines the impact of time averaging and interval sampling data assuming that the data generating process for a given series follows a random walk with uncorrelated increments. We provide expressions for the corresponding variances, and covariances, for both the levels and...

We investigate the time series properties of both filtered and unfiltered real exchange rate series produced by DSGE models that feature local currency pricing, home bias, nontraded goods, and incomplete markets. Detrended series produced by several specifications approach the empirically...

This paper uses a unique new monthly US-UK real exchange rate series for the January 1794 – December 2009 period to reexamine the academic debate over purchasing power parity (PPP). The consensus view described by Rogoff (1996) is that PPP holds in the long-run, but short run deviations are...

We conduct Monte Carlo simulations to investigate the effects of outlier observations on the properties of linearity tests against threshold autoregressive (TAR) processes. By considering different specifications and levels of persistence of the data generating processes, we find that outliers...

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) of 2005 guarantees adult members of rural households to a minimum of 100 days of employment with certain provisions geared specically towards women. The phase wise rollout of the program allows us to employ a...