Monetary policy implementation in a federal country requires both vertical (national and subnational governments) and horizontal (between subnational jurisdictions) institutional coordination. The optimal centralized monetary policy is blind and potentially nonheterogeneous at the subnational...

Die Bedarfe an neuen Wohnungen und Häusern sind in vielen Städten und Gemeinden sehr hoch und werden nicht durch ein ausreicheichendes Wohnungsangebot gedeckt. Insgesamt werden im Zeitraum 2021 bis 2025 jedes Jahr 372.600 neue Wohnungen benötigt. Zwischen 2021 und 2023 wurden hingegen...

Institutional theory argues that the primary objective of organizational change is formal legitimacy. In other words, organizations adapt their internal characteristics in order to conform with the expectations of the key stakeholders in their environment. In this regard, the promulgation of the...

Developing economic activities in Yazd Province, Iran, has been carried out at the request of investors and following decisions of the Provincial Planning and Development Council over the last 40 years. This paper aims to support the council's decision by developing an analytical procedure for...

The Republican Party has been the party most supportive of free trade in American politics for half a century. Donald Trump, the 45th US president, held a different stance from his party on free trade. We assess how Trump's China tariffs in mid-2018 impacted the performance of his party in its...

Background: Measuring chronological age alone does not provide sufficient context for understanding the impact of ageing on societal resource planning. The burden of age-related diseases (ARDs) reflects age-related morbidity and mortality at the population level, which unveils the underlying...

This paper provides evidence on the consumption effects of trade shocks by exploiting changes in US and Chinese trade policy between 2017 and 2018. The analysis uses a unique data set with the universe of new auto sales at the US county level, at a monthly frequency, and a simple...

This paper examines the implications of a carbon-constrained future on coal-reliant county governments in the United States. We review modeling projections of coal production under reference and climate policy scenarios and argue that some state and local governments face important revenue...

We study the influence of agricultural labor intensity on individualism across U.S. counties. To measure historical labor intensity in agriculture we combine data on crop-specific labor requirements and county-specific crop mix around 1900. To address endogeneity we exploit climate-induced...

This paper decomposes consumption risk sharing among provinces in China over the 1980-2007 period. We find that 9.4 percent of the shocks to gross provincial product are smoothed by the interprovincial fiscal transfer system. This system also cushions a relatively large fraction of the...

In this paper, we use provincial panel data on China for the 2002-19 period to conduct a spatial autocorrelation analysis of household saving rates as well as a dynamic panel analysis of the determinants of household saving rates using a spatial Durbin model. To summarize our main findings, we...

From past empirical works, the role of expenditure on economic growth appears to provide inconclusive results. Despite this uncertainty, public finance theory suggests that expenditure induce growth. In Kenya, economic growth has been fluctuating despite the devolved expenditure increasing over...

Counties are America’s most stable and ubiquitous unit of local government. Their origins and dual roles in state and local government resulted from promotion by landowners, who wanted their property included in or near a county seat, and early state governments, which sought to populate,...

This paper examines the impact of trade liberalization on U.S. Congressional elections. We find that U.S. counties subject to greater competition from China via a change in U.S. trade policy exhibit relative increases in turnout, the share of votes cast for Democrats and the probability that the...

It is important to understand the growth process under way in China. However, analyses of Chinese growth became increasingly more difficult after the real GDP doubling target was announced in 2012 and the official real GDP statistics lost their fluctuations. With a dataset covering 31 Chinese...

We use county-level data on employment and earnings in the restaurant-and-bar sector to evaluate the impact of minimum wage changes on low-wage labor markets. Our empirical approach is similar to the literature that has used state-level panel data to estimate minimum-wage impacts, with the...

Poverty alleviation by education is the soul of reshaping the development of impoverished areas. In the implementation of poverty alleviation, the collaborative model of impoverished areas driven by developed regions is essential for China’s poverty alleviation work. In 2016, Changxing County,...

From previous studies, the effects of expenditure on economic growth appear to provide mixed results. Despite this uncertainty, theory suggests that expenditure induce growth. In Kenya, economic growth has been fluctuating despite the devolved expenditure increasing over time. It is against this...