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All Clear for Takeoff : Evidence from Airports on the Effects of Infrastructure Privatization

Howell, Sabrina T.; Jang, Yeejin; Kim, Hyeik; Weisbach, … - National Bureau of Economic Research - 2022

airport performance along a rich array of dimensions such as passengers per flight, total passengers, number of routes, number … rather than operational changes. Overall, we find little evidence that privatization alone increases airport performance …. These effects are largest when there is a competing airport nearby. Finally, we show that outright ownership rather than …

Persistent link: https://www.econbiz.de/10013435106

New Area- and Population-based Geographic Crosswalks for U.S. Counties and Congressional Districts, 1790–2020

Ferrara, Andreas; Testa, Patrick A.; Zhou, Liyang - National Bureau of Economic Research - 2024

In applied historical research, geographic units often differ in level of aggregation across datasets. One solution is to use crosswalks that associate factors located within one geographic unit to another, based on their relative areas. We develop an alternative approach based on relative...

Persistent link: https://www.econbiz.de/10014512060

Principal Component Analysis for Nonstationary Series

Hamilton, James D.; Xi, Jin - National Bureau of Economic Research - 2024

This paper develops a procedure for uncovering the common cyclical factors that drive a mix of stationary and nonstationary variables. The method does not require knowing which variables are nonstationary or the nature of the nonstationarity. An application to the FRED-MD macroeconomic dataset...

Persistent link: https://www.econbiz.de/10014468268

Production, Trade, and Cross-Border Data Flows

Chang, Qing; Cong, Lin William; Liyong, Wang; Zhang, … - National Bureau of Economic Research - 2023

We build a two-country general equilibrium model to analyze the effects of cross-border data flows and pre-existing development gaps in data economies on each country's production and international trade. Raw data as byproducts of consumption can be transformed into various types of working data...

Persistent link: https://www.econbiz.de/10014322803

Who Benefits From The Export-Import Bank Aid?

Benmelech, Efraim; Monteiro, Joao - National Bureau of Economic Research - 2023

We study the effectiveness of government aid to exporters by exploring an exogenous shock that affected the ability of the Export-Import Bank of the United States (EXIM) to provide aid to U.S. exporters through loan guarantees to importers. We focus on Boeing, the largest individual recipient of...

Persistent link: https://www.econbiz.de/10014337795

The Impact of Violence during the Mexican Revolution on Migration to the United States

Escamilla-Guerrero, David; Kosack, Edward; Ward, Zachary - National Bureau of Economic Research - 2023

The number of individuals forcibly displaced by conflicts has been rising in the past few decades. However, we know little about the dynamics--magnitude, timing, and persistence--of conflict-induced migration in the short run. We use novel high-frequency data to estimate the dynamic migration...

Persistent link: https://www.econbiz.de/10014337765

Regulatory Arbitrage or Random Errors? Implications of Race Prediction Algorithms in Fair Lending Analysis

Greenwald, Daniel; Howell, Sabrina T.; Li, Cangyuan; … - National Bureau of Economic Research - 2023

When race is not directly observed, regulators and analysts commonly predict it using algorithms based on last name and address. In small business lending--where regulators assess fair lending law compliance using the Bayesian Improved Surname Geocoding (BISG) algorithm--we document large...

Persistent link: https://www.econbiz.de/10014337878

Breakthroughs in Historical Record Linking Using Genealogy Data : The Census Tree Project

Buckles, Kasey S.; Haws, Adrian; Price, Joseph; … - National Bureau of Economic Research - 2023

The Census Tree is the largest-ever database of record links among the historical U.S. censuses, with over 700 million links for people living in the United States between 1850 and 1940. These high-quality links allow researchers in the social sciences and other disciplines to construct a...

Persistent link: https://www.econbiz.de/10014372428

Global High-Resolution Estimates of the United Nations Human Development Index Using Satellite Imagery and Machine-learning

Sherman, Luke; Proctor, Jonathan; Druckenmiller, Hannah; … - National Bureau of Economic Research - 2023

The United Nations Human Development Index (HDI) is arguably the most widely used alternative to gross domestic product for measuring national development. This is in large part due to its multidimensional nature, as it incorporates not only income, but also education and health. However, the...

Persistent link: https://www.econbiz.de/10014247965

Measuring the Characteristics and Employment Dynamics of U.S. Inventors

Akcigit, Ufuk; Goldschlag, Nathan - National Bureau of Economic Research - 2023

Innovation is a key driver of long run economic growth. Studying innovation requires a clear view of the characteristics and behavior of the individuals that create new ideas. A general lack of rich, large-scale data has constrained such analyses. We address this by introducing a new dataset...

Persistent link: https://www.econbiz.de/10014248004