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The Journal of Economic Literature, September 2024, Volume LXII, Number 3, features articles on various economic topics, including the impact of money on children's outcomes, the economics of sexual orientation and gender identity, bounded rationality in choice theory, information cascades and social learning, religion and growth, temporary employment in markets with frictions, and more. The journal also includes book reviews and an annotated listing of new books. The American Economic Association, founded in 1885, publishes the journal quarterly. [Extracted from the article]

Agricultural and applied economists make substantial positive contributions to the domestic economy. Defining a measure of the true total value of their contributions is likely impossible, because so much about their efforts is difficult to comprehensively observe and quantitatively document. In this paper, we adopt a conservative approach to generating an estimate of the contributions ag and applied economists make to U.S. economic output and the associated welfare of society through their teaching, research, and outreach efforts. To conduct the analysis, we implemented a nationwide survey of Agricultural and Applied Economics (AAE) departments and developed a framework to calculate the value of their contributions to national income, or Gross Domestic Product (GDP). We estimate that AAE departments increase overall U.S. GDP by $2.6 billion, annually. Through its efforts to improve the human capital of its graduates, AAE teaching raises the (expected) national income by $2.2–$2.3 billion, while we value direct research and outreach contributions at $207 million and $146 million, respectively. Because we do not observe the opportunity cost of the resources used to generate those contributions, we do not claim to estimate a true net economic impact but rather attempt to quantify the gross economic contributions of the professional services AAE departments currently offer the economy. The values we provide—especially the research and extension estimates which are exceedingly difficult to measure—likely underestimate the true benefits AAE offers to the nation. [ABSTRACT FROM AUTHOR]

Agricultural and applied economists have maintained a public discourse at the Agricultural and Applied Economics Association (AAEA) meetings and subsequently published papers discussing the mission of land‐grant institutions and the role of AAEA members in that mission. With a content analysis of 4001 Invited Papers and Presidential Speeches, we find agricultural and applied economists questioned their profession's purpose and role within the land‐grant system. The reflective questions still apply to land‐grant institutions and the agricultural and applied economics profession. We argue that AAEA members are crucial in addressing the food and agricultural challenges connected to society's deepest needs today and into the future. [ABSTRACT FROM AUTHOR]

Agricultural and Applied Economics departments in the United States have evolved to serve traditional and new stakeholders under the three‐legged land grant mission: extension, research, and teaching. Substantial shifts in the focus of faculty, sometimes matching demand from stakeholders and sometimes not, raise fundamental questions about their strategic direction. We argue agricultural and applied economics has a mission to solve problems, current and future, by working with physical sciences; specifically, the study of economic problems of the food supply chain and bioeconomy. By focusing on this mission, agricultural and applied economics will provide more value‐added to society and may even improve economics while doing so. [ABSTRACT FROM AUTHOR]

In this paper, we discuss the reasons why agricultural and applied economics and similar departments are often stand‐alone academic units. The factors that affect and shape the relationship of agricultural and applied economics faculty and departments with those from general economics departments are discussed. We present case studies of three universities having different relationships with general economics faculty at their respective universities: a merged unit, an unmerged unit, and a never‐merged unit. We conclude with rationale for the existence and future trajectory of agricultural economics and related academic units at Land Grant Universities. [ABSTRACT FROM AUTHOR]

The aim of this paper is to discuss the challenges in attracting and securing adequate budgets for departments of agricultural and applied economics, while recognizing that the institutional and political contexts matter. Agricultural and applied economics departments that operate with an entrepreneurial mindset, that maintain and grow their student numbers, and that have a vibrant demand for their extension and research activities will thrive. The good news is we often have considerable control over the factors that contribute to our longer‐term success. [ABSTRACT FROM AUTHOR]

Copyright of Canadian Journal of Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The given document is the front matter of the American Economic Review journal, published in August 2024. It includes a list of articles and authors featured in the journal, as well as information about the editorial board and submission guidelines. The document also provides details about the American Economic Association, including its executive committee and membership benefits. [Extracted from the article]

The given document is the front matter of the American Economic Review journal, published in July 2024. It includes a list of articles and authors featured in the issue, as well as information about the journal's editorial board and submission guidelines. The document also provides a brief biography of Drew Fudenberg, a distinguished fellow and game theorist. The American Economic Review is a reputable publication that covers a wide range of economic topics and aims to provide clear and precise documentation of data used in analysis. [Extracted from the article]

The article focuses on the current state of the U.S. job market and economic indicators. Topics include stronger-than-expected job growth and a rise in unemployment, the moderation in inflation and its impact on interest rates, and the forecasted modest economic growth and consumer spending patterns for the near future.

This study sets out to investigate whether the Federal Reserve System is able to efficiently manage the communicative challenge of pandering to the different demands of distinct target audiences—households, firms, banks, and the government. The empirical methodology for this analysis builds on the growing literature analyzing central bank communications to better understand the political and financial implications of monetary policy. We hope to contribute to this field of research by (1) creating a new database of over fifty years of speeches (2) devising a new method for analyzing communications that considers different audiences, and (3) providing empirical evidence for the observation that monetary policy is not neutral, i.e., that communications are positively or negatively biased in favor of some economic groups over others. The results of this analysis show that Fed central bankers communicate differently in response to a speaker's audience. The political and financial implications suggest that central bank communications may inspire more confidence and higher efficiency in achieving stable long-term interest rates when communications are targeted. [ABSTRACT FROM AUTHOR]

The document is the front matter of the American Economic Review journal. It includes a list of articles published in the June 2024 issue, as well as information about the journal's editorial board and submission guidelines. The articles cover a range of topics, including the effects of trade deals, education, welfare comparisons, and gender barriers. The journal aims to provide a platform for economic research and is published by the American Economic Association. [Extracted from the article]

The article is a report from the editor of the American Economic Journal: Applied Economics, a journal that publishes empirical papers on various topics in applied economics. The report discusses the distribution of papers published, the editorial process, and the use of associate editors. The journal aims for quick turnaround times and has increased the number of papers published per year. The given text appears to be a list of names, possibly of authors or contributors to a document or publication, but it is unclear what the specific content of the document is based solely on the list of names. [Extracted from the article]

The Treasurer's report from the American Economic Association (AEA) provides financial information for the organization, including an expected operating deficit of $2.8 million for 2023 and a projected deficit of $2.6 million for 2024. The report includes audited revenues and expenses for previous years, as well as a balance sheet. It also mentions changes in pricing for library subscriptions and membership dues. The document highlights the AEA's total expenses, which ranged from $11,946,000 to $14,315,000, resulting in operating losses. The AEA's operating revenue primarily comes from membership dues, publication fees, and conference fees. The report also acknowledges the management of the AEA's financial assets by the Budget and Finance Committee and recognizes the contributions of key staff members. [Extracted from the article]

This article is an introduction to a special issue of the Canadian Journal of Agricultural Economics dedicated to the late Dr. James Rude. Dr. Rude was a respected economist who made significant contributions to the field of agricultural economics in Canada. The special issue includes a wide range of articles that reflect the broad reach of Dr. Rude's research and policy work. The articles cover topics such as policy interventions and rent seeking, farm-level production and management decisions, and market power and price transmission in agricultural supply chains. The special issue aims to honor Dr. Rude's contributions and continue his legacy in the field of agricultural economics. [Extracted from the article]

Economic integration, which in today's global trade is the fundamental component of linking economic ties between countries, is another important factor in the acceleration of economic growth. The provision of trade logistics services is essential to a nation's economic success in international trade activities. It is essential for enterprises engaged in active international trade to achieve competitive advantages. The international trade and localised commercial activity, to a large extent, is dependent on the logistics and supply chain infrastructure and operational capacity. However, the area received little attention from the perspective of applied economics. The in-depth empirical studies on the impacts of logistics on trade efficiency are few and limited. The study aims to investigate the role of logistics and supply chains in international and national trade in a developing country. It uses secondary data for the analysis. The model and software used in the study are the gravity model and GTAP10a. The time horizon used spans 2014–2030. The results show that in order to enhance trading and commercial activities, a developing country should develop logistics and supply chain infrastructure, train people, and design a flexible logistics policy. [ABSTRACT FROM AUTHOR]

As applied and agricultural economists, Agricultural & Applied Economics Association (AAEA) members work to provide high quality research and data to inform policy decisions. How do we ensure that decision makers see, and use, our research findings or data in the policy formulation process that includes many actors? The paper provides a framework for how information flows during the policy process and a strategy for effective research and data built around five equally important attributes: relevance; quality; trust; diversity, equity, and inclusion; and communication. Examples illustrate how the attributes lead to high impact information and focus on two federal research and statistics agencies, the Economic Research Service and the Bureau of Economic Analysis. The paper concludes with strategies and examples of metrics to measure the impact of research and statistics. [ABSTRACT FROM AUTHOR]

The looming demographic cliff, characterized by a projected decline in college student enrollment, can have important impacts for the agricultural and applied economics profession, academic departments, and universities more broadly across the US. This decline will not only affect the financial stability and sustainability of many agricultural economics departments but also the number of high‐skilled professionals available for the agricultural industry, government bodies, and academia. This article discusses the main factors leading to the demographic cliff, as well as potential strategies for curbing its negative impacts on the profession. In the face of this challenge, it is important to develop a thoughtful, proactive, and strategic approach, and to engage industry, government, and academic partnerships. [ABSTRACT FROM AUTHOR]

This study aims to analyse the impacts of culture on the aid allocation to (dis)investment in the education in terms of boys and girls school dropout probability (SDP) across different kinship systems in Guinea-Bissau. Using a multi-person choice model of culturally rooted decisions, we found that allocating aid to couples facing income shock decreases schoolboys (schoolgirls)' SDP in patrilineal (matrilineal) kinship setting the most, suggesting that aid effects at household level depend on cultural norms existing in each society. [ABSTRACT FROM AUTHOR]

Street views, satellite imageries and remote sensing data have been integrated into a wide spectrum of topics in the social sciences. Computer vision methods not only help analysts and policymakers make better decisions and produce more effective solutions but they also enable models to achieve more precise predictions and greater interpretability. In this paper, we review the growing literature applying such methods to economic issues and the social sciences, in which social scientists employ deep learning approaches to utilise image data to retrieve additional information. Typically, image data produce better results than traditional approaches and can provide detailed results and helpful insights to improve society and people's well-being. [ABSTRACT FROM AUTHOR]

The article discusses the debate surrounding the target of limiting global warming to 1.5 degrees Celsius. The economist William Nordhaus, who received the Nobel award for his work on integrating climate into economic theory, estimated that the best benefit-cost ratio was associated with a warming of 2.5 degrees Celsius. However, the Intergovernmental Panel on Climate Change (IPCC) set a target of 1.5 degrees Celsius without providing a justification in terms of costs and benefits. The article argues that the target may not be a sensible choice and suggests that governments should consider implementing a pricing system for carbon dioxide emissions instead. The article also highlights the potential side effects of government regulation on innovation and economic performance. [Extracted from the article]

Introduction: Health economics is a thriving sub-discipline of economics. Applied health economics research is considered essential in the health care sector and is used extensively by public policy makers. For scholars, it is important to understand the history and status of health economics—when it emerged, the rate of research output, trending topics, and its temporal evolution—to ensure clarity and direction when formulating research questions. Methods: Nearly 13,000 articles were analysed, which were found in the collective publications of the ten most specialised health economic journals. We explored this literature using patterns of term co-occurrence and document co-citation. Results: The research output in this field is growing exponentially. Five main research divisions were identified: (i) macroeconomic evaluation, (ii) microeconomic evaluation, (iii) measurement and valuation of outcomes, (iv) monitoring mechanisms (evaluation), and (v) guidance and appraisal. Document co-citation analysis revealed eighteen major research streams and identified variation in the magnitude of activities in each of the streams. A recent emergence of research activities in health economics was seen in the Medicaid Expansion stream. Established research streams that continue to show high levels of activity include Child Health, Health-related Quality of Life (HRQoL) and Cost-effectiveness. Conversely, Patient Preference, Health Care Expenditure and Economic Evaluation are now past their peak of activity in specialised health economic journals. Analysis also identified several streams that emerged in the past but are no longer active. Conclusions: Health economics is a growing field, yet there is minimal evidence of creation of new research trends. Over the past 10 years, the average rate of annual increase in internationally collaborated publications is almost double that of domestic collaborations (8.4% vs 4.9%), but most of the top scholarly collaborations remain between six countries only. [ABSTRACT FROM AUTHOR]

Understanding health problems as always unfinished, this article examines consequences of the declaration of the end of a health emergency on the practice of different and interconnected care networks. As part of the “Action Ethnography on Care…” research project, this is a qualitative case study of three documents produced after the announcement of the end of the Congenital Zika Virus Syndrome epidemic. It shows the contexts of narrative production involving researchers, managers/ public service workers, mothers and families of the ill, and mothers’ associations and their different perspectives about what care is. Analyses of a presentation for researchers and of a working paper for the Applied Economics Research Institute (IPEA) question the technical narrative celebrating the end of the emergency based on knowledge and health service without taking into account the relational, affective and political care (of mothers, families and associations), leaving the latter invisible. It describes the process of elaboration of a motion by the Zika Pandemic Forum, listing and systematizing action proposals produced in an explicit dialogue among participants in different care networks to approach unfinished post-emergency questions. It suggests that similar practices of dialogue between networks can promote greater inclusion and sensitivity to care that contribute to reducing suffering and defending the rights of people who continue to live daily with a syndrome or disease whose consequences persist. [ABSTRACT FROM AUTHOR]

Copyright of Informacion Comercial Espanola Revista de Economia is the property of S.G.E.E.I.P.C., Secretaria de Estado de Comercio, Ministerio de Industria, Comercio y Turismo and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Revista de Estudios Empresariales Segunda Época is the property of Editorial de la Universidad de Jaen and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Edith Penrose is best known for her classic book The Theory of the Growth of the Firm, originally published in 1959, but she also made major contributions in other fields, including patents, the oil industry, and development economics. This special double issue of the International Review of Applied Economics publishes recent research from a range of leading economists and management scholars from across the world, either explicitly analysing Penrose's contribution, or else analysing topics from firms' collaborations with universities through to the practice and consequences of share buy-backs, which demonstrate that a Penrosian perspective helps to illuminate the reality of such processes. [ABSTRACT FROM AUTHOR]

Tony Thirlwall, an economist known for his Keynesian approach to economic growth, has passed away at the age of 82. Thirlwall challenged the supply-side orthodoxy and emphasized the importance of demand in driving growth. He established Thirlwall's Law, which states that a country's long-term growth can be approximated by the ratio of its export growth to its income elasticity of demand for imports. Thirlwall's work has had a significant impact on policy institutions and continues to be researched and discussed today. [Extracted from the article]

"Learning Microeconometrics with R" is a book aimed at graduate students studying or researching in applied economics/econometrics. The book focuses on model identification and provides practical examples and R codes for estimation and simulation. It covers topics such as regression models, estimation, model selection, demand analysis, game theory, panel data, and mixture models. The book assumes some familiarity with R and provides guidelines on writing codes. It does not have end-of-chapter exercises but includes quiz questions for class discussions and a summary of each chapter. Overall, it is a valuable resource for students and teachers in the field. [Extracted from the article]

The authors of the letter in the journal "Communications in Statistics: Simulation & Computation" have reported a typographic error and suggested an improvement to the competing risks simulation function of the survsim package. These changes have been implemented and are now available in the current version of the survsim package. The authors note that the results reported in a previous publication are fully reproducible with the new version of the package. The authors are affiliated with various institutions in Spain. [Extracted from the article]

Copyright of Nachrichten aus der Chemie is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The given document is the front matter of the American Economic Review journal, published in March 2024. It includes a list of articles and authors featured in the issue, as well as information about the journal's editorial board and submission guidelines. The articles cover a range of topics, including the economics of the public option, the effect of macroeconomic uncertainty on household spending, optimal inference for spot regressions, the comparative statics of sorting, mental models and learning, hub-and-spoke cartels in the grocery industry, the effects of citizen participation on environmental governance in China, and the gender gap in confidence. The document also provides contact information for the journal's editorial offices and information about permissions and copyright. [Extracted from the article]