Eastern Economic Journal
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On the Nominal and Real Currency Devaluation Nexus in European Transition Economies
Eastern Economic Journal - - 2017
An important policy issue facing countries is the effectiveness of nominal currency devaluation in boosting exports and improving the trade balance of the devaluing country. It is argued that nominal devaluation would be effective only if it leads to real devaluation. This paper examines the relationship between nominal and real effective exchange rates for 17 European transition economies to dete......
Skyscrapers and the Happiness of Cities
Eastern Economic Journal - Tập 46 - Trang 344-377 - 2019
This paper explores the drivers of high-rise and skyscraper construction and their impact on average happiness levels across 186 US metropolitan areas. Utilizing ordinary least squares and three-stage least squares, we find strong support that high-rise and skyscraper completion counts are a response to city economic fundamentals, but mixed results for their impact on happiness. On average, high-r......
The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics
Eastern Economic Journal - Tập 35 - Trang 133-135 - 2009
Stuck in the Middle: Is Fiscal Policy Failing the Middle Class?, by Antonio Estache and Danny Leipziger
Eastern Economic Journal - Tập 38 Số 4 - Trang 548-550 - 2012
Of Altruists and Thieves
Eastern Economic Journal - Tập 36 - Trang 317-343 - 2010
We replicate List's [2007] baseline dictator game (DG) with subjects earning their endowment, evaluate the effect of decreasing the stakes of the DG, conduct a DG in which taking is the only option, measure dictators’ ex post perceptions, and impose a social distance framing effect. Dictator behavior is influenced when they earn their endowment and when the stakes of the game are changed, but not ......
The Relationship Between Health and Schooling
Eastern Economic Journal - Tập 34 - Trang 281-292 - 2008
Many studies suggest that years of formal schooling completed is the most important correlate of good health. There is much less consensus as to whether this correlation reflects causality from more schooling to better health. The relationship may be traced in part to reverse causality and may also reflect “omitted third variables” that cause health and schooling to vary in the same direction. The......
Fiscal Stimulus and Credibility in Emerging Countries
Eastern Economic Journal - Tập 40 - Trang 420-439 - 2013
Across a sample of 34 emerging countries, the evidence shows the frequent existence of a pro-cyclical fiscal impulse. However, the scope for counter-cyclical policy increases with the availability of international reserves, as it enhances credibility and mitigates concerns about the effect of expansionary fiscal policy on the cost of borrowing and debt service. The paper also examines the effectiv......
Does Money Matter in Pennsylvania? School District Spending and Student Proficiency Since No Child Left Behind
Eastern Economic Journal - Tập 39 - Trang 145-171 - 2012
Using data spanning school years 2000–2001 through 2008–2009 and across 500 school districts, I find a positive and statistically significant relationship between a district's rate of increase in spending on regular instruction and the percentage by which its students’ “passing rate” improves on the Pennsylvania System of School Assessment (PSSA) tests. This relationship is most pronounced for stu......
Quantifying Market Inefficiencies in the Baseball Players’ Market
Eastern Economic Journal - Tập 40 - Trang 488-498 - 2013
Among the central arguments of the bestselling book and movie Moneyball was the allegation that the labor market for baseball players was inefficient in 2002. At that time, Billy Beane and the Oakland Athletics used observations made by statistical analysts to exploit this market inefficiency, and acquire productive players on the cheap. Econometric analysis published in 2006 and 2007 confirmed th......
External Financing and the Survival of Black-Owned Start-Ups in the US
Eastern Economic Journal - Tập 41 - Trang 387-410 - 2014
Since black-owned businesses tend to have access to lower informal financing, we hypothesize that, obtaining commercial financing should play a compensating role and have a stronger marginal effect on black-owned businesses than on businesses owned by other racial groups. Unexpectedly, we find that, while the use of commercial financing reduces the exit rates of new firms in general, the reduction......
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