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A fractional cointegration VAR analysis of Islamic stocks: A global perspective (2019)
Journal Article
Salisu, A. A., Ndako, U. B., Adediran, I. A., & Swaray, R. (2019). A fractional cointegration VAR analysis of Islamic stocks: A global perspective. North American journal of economics and finance, 101056. https://doi.org/10.1016/j.najef.2019.101056

In this study, we analyse the behaviour of Islamic stocks from a global perspective covering an array of regional Islamic stock markets. Both the fractional integration and fractional cointegration techniques are employed. Thus, we are able to establ... Read More about A fractional cointegration VAR analysis of Islamic stocks: A global perspective.

Heterogeneous vertical tax externalities and macroeconomic effects of federal tax changes: the role of fiscal advantage (2019)
Journal Article
Perez Sebastian, F., Raveh, O., & Reingewertz, Y. (2019). Heterogeneous vertical tax externalities and macroeconomic effects of federal tax changes: the role of fiscal advantage. Journal of urban economics, 112, 85-110. https://doi.org/10.1016/j.jue.2019.06.003

How do state tax rates respond to federal tax shocks? This paper presents a novel mechanism of heterogeneous vertical tax externalities across state-levels of fiscal advantage, showing that tax increases can be expansionary even without their reinves... Read More about Heterogeneous vertical tax externalities and macroeconomic effects of federal tax changes: the role of fiscal advantage.

League tables and concentric banding: how similar are the employment and education domains of the Index of Multiple Deprivation 2010? (2019)
Journal Article
Nolan, M. A., Reynolds, M., & Trotter, S. (in press). League tables and concentric banding: how similar are the employment and education domains of the Index of Multiple Deprivation 2010?. Applied Spatial Analysis and Policy, https://doi.org/10.1007/s12061-019-09302-w

This paper seeks to provide further evidence about ‘league table’ orderings for deprivation in local areas, especially for two domains – employment and education – which seem likely to be closely related. Rather than relying solely on administrative... Read More about League tables and concentric banding: how similar are the employment and education domains of the Index of Multiple Deprivation 2010?.

Can urban coffee consumption help predict U.S. inflation? (2019)
Journal Article
Salisu, A. A., Swaray, R., & Adediran, I. A. (in press). Can urban coffee consumption help predict U.S. inflation?. Journal of forecasting, https://doi.org/10.1002/for.2589

Motivated by the importance of coffee to Americans and the significance of the coffee subsector to the US economy, we pursue three notable innovations. First, we augment the traditional Phillips curve model with the coffee price as a predictor, and s... Read More about Can urban coffee consumption help predict U.S. inflation?.

Games of Two Halves: Non-Experimental Evidence on Cooperation, Defection and the Prisoner's Dilemma (2018)
Journal Article
Dobson, S., & Goddard, J. (2018). Games of Two Halves: Non-Experimental Evidence on Cooperation, Defection and the Prisoner's Dilemma. Review of Economic Analysis : REA Rimini Centre for Economic Analysis, 10(3), 285-312

We develop a stylized two-period game-theoretic model of the strategic choices made by soccer teams when selecting between defensive and attacking team formations, and between non-violent and violent styles of play. Cooperative behaviour during the e... Read More about Games of Two Halves: Non-Experimental Evidence on Cooperation, Defection and the Prisoner's Dilemma.

The labour market consequences of teenage childbearing (2018)
Journal Article
Silles, M. A. (2019). The labour market consequences of teenage childbearing. Contemporary Economic Policy, 37(4), 694-713. https://doi.org/10.1111/coep.12417

This paper provides estimates of the impact of an unanticipated child during adolescence on labour supply and earnings using data for women who gave birth between 1976 and 2015 drawn from the 1990 and 2000 censuses and the American Community Surveys.... Read More about The labour market consequences of teenage childbearing.

What drives vertical fiscal interactions? Evidence from the 1980 Crude Oil Windfall Act (2018)
Journal Article
Perez-Sebastian, F., & Raveh, O. (2018). What drives vertical fiscal interactions? Evidence from the 1980 Crude Oil Windfall Act. Regional Science and Urban Economics, 73, 251-268. doi:10.1016/j.regsciurbeco.2018.10.004

In economies with multi-level governments, why would a change in the fiscal rule of a government in one level lead to a fiscal response by a government in a different level? The literature focused primarily on the standard common-pool problem, while... Read More about What drives vertical fiscal interactions? Evidence from the 1980 Crude Oil Windfall Act.

U.S. stocks in the presence of oil price risk: Large cap vs. small cap (2017)
Journal Article
Swaray, R., Salisu, A. A., & Oloko, T. (2017). U.S. stocks in the presence of oil price risk: Large cap vs. small cap. Economics and business letters, 6(4), 116-124. https://doi.org/10.17811/ebl.6.4.2017.116-124

This study queries the act of making generalization about the dynamics of returns and volatility spillovers between oil price and U.S. stocks by merely considering only large cap stocks. It argues that this kind of generalization may be misleading, a... Read More about U.S. stocks in the presence of oil price risk: Large cap vs. small cap.

Impacts of Trump tax reforms on growth, inequality and debt (2017)
Journal Article
Bhattarai, K., Haughton, J. H., & Tuerck, D. (2017). Impacts of Trump tax reforms on growth, inequality and debt. 00 Journal not listed, 20-21

Reforming the tax system of the US has become a major policy agenda of the Trump administration. After months of negotiations the “Big Six”, including the Treasury Secretary, National Economic Director, Republicans in the House and the Senate are gra... Read More about Impacts of Trump tax reforms on growth, inequality and debt.

Tax plan debates in the US presidential election : a dynamic CGE analysis of growth and redistribution trade-offs (2017)
Journal Article
Bhattarai, K., Bachman, P., Conte, F., Haughton, J., Head, M., & Tuerck, D. G. (2018). Tax plan debates in the US presidential election : a dynamic CGE analysis of growth and redistribution trade-offs. Economic modelling, 68, (529-542). doi:10.1016/j.econmod.2017.08.031. ISSN 0264-9993

The two major candidates in the 2016 presidential election made sharply different proposals for reforming the Federal tax code. Donald Trump proposed cutting taxes to provide “tax relief for middle-class Americans”, and lowering corporation taxes to... Read More about Tax plan debates in the US presidential election : a dynamic CGE analysis of growth and redistribution trade-offs.

Incumbency and Distributive Politics: Intergovernmental Transfers in Mexico: Incumbency and Distributive Politics (2017)
Journal Article
Abbott, A., Cabral, R., & Jones, P. (2017). Incumbency and Distributive Politics: Intergovernmental Transfers in Mexico: Incumbency and Distributive Politics. Southern Economic Journal, 84(2), 484-503. https://doi.org/10.1002/soej.12226

In this article, the objective is to focus on the likelihood that politicians will rely on intergovernmental transfers to pursue political ambition. In what circumstances are incumbents more likely to rely on transfers to win votes, than to reward co... Read More about Incumbency and Distributive Politics: Intergovernmental Transfers in Mexico: Incumbency and Distributive Politics.

Community operational research and citizen science: two icons in need of each other? (2017)
Journal Article
Gregory, A. J., & Atkins, J. P. (2018). Community operational research and citizen science: two icons in need of each other?. European journal of operational research, 268(3), 1111-1124. doi:10.1016/j.ejor.2017.07.037

Citizen Science attracts a lot of positive attention and a convenient alignment with it might offer multiple benefits for Community Operational Research. But what would be the basis for such an alignment? Could it offer important reciprocal benefits... Read More about Community operational research and citizen science: two icons in need of each other?.

The intergenerational transmission of education : new evidence from adoptions in the United States (2017)
Journal Article
Silles, M. A. (2017). The intergenerational transmission of education : new evidence from adoptions in the United States. Economica, 84(336), 748-778. https://doi.org/10.1111/ecca.12240

This article examines the influence of parental education on children’s grade-for-age using a large sample of adoptees drawn from the American Community Survey between 2008 and 2014. The results show that mother’s education is not an important determ... Read More about The intergenerational transmission of education : new evidence from adoptions in the United States.

Simulating corporate income tax reform proposals with a dynamic CGE model (2017)
Journal Article
Bhattarai, K., Haughton, J., Head, M., & Tuerck, D. G. (2017). Simulating corporate income tax reform proposals with a dynamic CGE model. International Journal of Economics and Finance, 9(5), 20-35. https://doi.org/10.5539/ijef.v9n5p20

Opinion leaders and policy makers in the United States have turned their focus to the corporate income tax, which now has the highest statutory rate in the developed world. Using a dynamic computable general equilibrium model (the “NCPA-DCGE Model”),... Read More about Simulating corporate income tax reform proposals with a dynamic CGE model.

Determinants of wages and labour supply in the UK (2017)
Journal Article
Bhattarai, K. (2017). Determinants of wages and labour supply in the UK. Chinese Business Review, 16(3), 126-140. https://doi.org/10.17265/1537-1506/2017.03.002

We explore characteristics of the UK labour market with special emphasis on explanation of the existing wage inequalities, determinants of participation and variation in the magnitude of hours of labour supplied among individuals. We explain up to 92... Read More about Determinants of wages and labour supply in the UK.

Macroeconomic impacts of fiscal policy shocks in the UK : a DSGE analysis (2016)
Journal Article
Bhattarai, K., & Trzeciakiewicz, D. (2017). Macroeconomic impacts of fiscal policy shocks in the UK : a DSGE analysis. Economic modelling, 61, 321-338. https://doi.org/10.1016/j.econmod.2016.10.012

This paper develops and estimates a new-Keynesian dynamic stochastic general equilibrium (DSGE) model for the analysis of fiscal policy in the UK. We find that government consumption and investment yield the highest GDP multipliers in the short-run,... Read More about Macroeconomic impacts of fiscal policy shocks in the UK : a DSGE analysis.

Volatility and diversification of exports: firm-level theory and evidence (2016)
Journal Article
Vannoorenberghe, G., Wang, Z., & Yu, Z. (2016). Volatility and diversification of exports: firm-level theory and evidence. European Economic Review, 89(October), (216-247). doi:10.1016/j.euroecorev.2016.07.002. ISSN 0014-2921

We show using detailed firm-level Chinese data that, among small exporters, firms selling to a more diversified set of countries have more volatile exports, while the opposite holds among large exporters. This a priori surprising result for small fir... Read More about Volatility and diversification of exports: firm-level theory and evidence.

The economic effects of the fair tax: analysis of results of a dynamic CGE model of the US economy (2016)
Journal Article
Bhattarai, K., Haughton, J., & Tuerck, D. G. (2016). The economic effects of the fair tax: analysis of results of a dynamic CGE model of the US economy. International economics and economic policy : IEEP, 13(3), (451-466). doi:10.1007/s10368-016-0352-4. ISSN 1612-4804

By replacing the current income tax with a national sales tax, the FairTax proposal would end the double taxation of saving inherent in the existing tax code and, by doing so, raise output, employment, investment and capital stock relative to the ben... Read More about The economic effects of the fair tax: analysis of results of a dynamic CGE model of the US economy.

Quota restrictions and intra-firm reallocations : evidence from Chinese exports to the US (2016)
Journal Article
Upward, R., & Wang, Z. (2016). Quota restrictions and intra-firm reallocations : evidence from Chinese exports to the US. Economics letters, 144, (71-74). doi:10.1016/j.econlet.2016.04.025. ISSN 0165-1765

We study how Chinese textile and clothing firms adjusted the product structure of their exports to the US, as triggered by the termination of Multifiber Arrangement (MFA) quotas. We find that the removal of MFA quotas induced firms to expand their pr... Read More about Quota restrictions and intra-firm reallocations : evidence from Chinese exports to the US.

Natural resources, decentralization, and risk sharing: can resource booms unify nations? (2016)
Journal Article
Pérez-Sebastián, F., & Raveh, O. (2016). Natural resources, decentralization, and risk sharing: can resource booms unify nations?. Journal of Development Economics, 121, 38-55. https://doi.org/10.1016/j.jdeveco.2016.02.003

Previous studies imply that a positive regional fiscal shock, such as a resource boom, strengthens the desire for separation. In this paper we present a new and opposite perspective. We construct a model of endogenous fiscal decentralization that bui... Read More about Natural resources, decentralization, and risk sharing: can resource booms unify nations?.