Current Social Science Research Report--Economics #19, June 12, 2007.

CSSRR-Economics is a weekly email report produced by the Data and Information Services Center at the University of Wisconsin-Madison. It seeks to help social science researchers keep up to date with the latest developments in the field. This report will contain selected listings of new: reports, articles, bibliographies, working papers, tables of contents, conferences, data, and websites. For more information, including an archive of back issues and subscription information see:


CSSRR-Economics is compiled and edited by Jack Solock and Charlie Fiss.


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Index to this issue:















1. Bureau of Economic Analysis News Release: "News Release: Gross Domestic Product (GDP) by State, 2006" (Jun. 7, 2007, .pdf and Microsoft Excel format, 11p.).

2. Bureau of Labor Statistics Periodical: Monthly Labor Review (Vol. 130, No. 2, March 2007, .pdf format)

Note: this is a temporary address. When the next MLR is released, this one, along with all others back to 1981, will be available at:

3. Office of Personnel Management Report: "Results of the 2006 Employee Benefits Survey" (June 2007, .pdf format, 24p.).

4. Federal Financial Institutions Examination Council Community Reinvestment Act "2007 Distressed or Underserved Tract List" (June 2007, .pdf and Microsoft Excel format, 126p.).

Scroll to "2007 Distressed or Underserved Tract List"

5. Energy Information Administration Country Analysis Briefs:

A. "Peru" (June 2007, HTML and .pdf format, 9p.).

B. "South Korea (June 2007, HTML and .pdf format, 11p.).

6. Department of Housing and Urban Development Periodical: U.S. Housing Market Conditions: 1st Quarter 2007 (June 2007, .pdf format).

7. Department of Agriculture Economic Research Service Report: "Middle School Student Lunch Consumption: Impact of National School Lunch Program Meal and Competitive Foods," by Karen Cullen, Kathy Watson, and Issa Zakeri. (Contractor and Cooperator Report No. CCR-30 June 2007, .pdf format, 17p.)

8. US Government Economic Releases from the National Bureau of Economic Research: Links to releases for June 5-12, 2007 are available at the site.

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US States:


Department of Business, Economic Development, and Tourism Report: "Monthly Economic Indicators: June 2007 (June 2007, .pdf and Microsoft Excel format, 5p.).


State Data Center Updates: The State Data Center updated the following information (.pdf and Microsoft Excel format) on Jun. 8, 2007: State of Iowa: "Gross domestic product and real gross domestic product: 1997-2006"; "Gross domestic product by industry: 1997-2006"; "Per capita personal income and per capita disposable income: 1929-2006"; US and States: "Gross domestic product and real gross domestic product: 1997-2006"; Per capita personal income: 1929-2006"; Per capita personal income, personal income and population: 2005-2006"; "Personal income change by component: 2005-2006"; "Contributions to percent change in earnings by place of work: 2005-2006."

See under "June 8, 2007" entry.


State Data Center Report: "Household Median and Mean Income Estimate for Jurisdictions in Maryland 1989 - 2006" (June 2007, .pdf and Microsoft Excel format).


Department of Administration Report: "Income estimates 2005" (June 2007, HMTL and comma separated value [.csv] format).


Office of Workforce Development Reports: "Workforce Analysis" (March 2007, .pdf format). "This series of Workforce Analysis reports for Ohio's Workforce Investment Areas (WIAs), published in 2007, provides economic information about state and local labor markets as defined under the Workforce Investment Act. These publications review demographic and economic characteristics, including trends in population, employment, unemployment rates, income and housing. The reports can help workforce and economic development professionals make informed policy decisions affecting their local regions."

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NGOs and Other Countries:

European Community:

Eurostat Periodical, Report:

A. Euro-Indicators Newsletter April 2007 (June 2007, .pdf format, 19p.),46587259&_dad=portal&_schema=PORTAL&p_product_code=LN-042007

B. "Eurostatistics - Data for short-term economic analysis" (No. 3, June 2007, .pdf format, 242p.),46587259&_dad=portal&_schema=PORTAL&p_product_code=KS-BJ-07-003


International Monetary Fund:

International Monetary Fund Country Reports The latest Country Reports span the time period from Jun. 6-12, 2007 (No. 07/192-07/197).



Instituto Brasileiro de Geografia e Estatística News Release: "IBGE survey shows profile of industrial companies and products in Brazil" (May 30, 2007). The news release links to topical reports on PIA Product and Enterprise (all .pdf format, in Portuguese).



StatBank Denmark Updates:

A. "BEC2Y: Value of imports and exports by BEC (Broad Economic Categories), country and imports and exports"

B. "BEC42: Quantity index and index of unit values for imports (1995=100) by BEC (Broad Economic Categories) and index type"



Central Bureau of Statistics Reports:

A. "Israel's Balance Of Payments, 2006" (June 2007, .pdf and Microsoft Excel format, 36p., with introductory material in Microsoft Word format).

B. "Defence Expenditure In Israel 1950-2006" (May 2007, .pdf and Microsoft Excel format, 29p. with introductory material in Microsoft Word format).



Statistics Bureau Reports:

A. "Annual Report on the Labour Force Survey 2006" (June 2007, .pdf and Microsoft Excel format).

B. "Annual Report on the Family Income and Expenditure Survey 2006" (June 2007, .pdf and Microsoft Excel format).



STATEC (Service central de la statistique et des études économiques) Reports:

A. "Démographie des entreprises : Résultats 1998 - 2004" (2007, .pdf format). The report is in French.

B. "Statec [has] released an English version of the "Kaleidoscope 2006" (Statnews 30/2007, Jun. 6, 2007, .pdf format, 1p.). Links to ordering information for a print copy are available from the .pdf format news release.



National Statistics Office News Release: "Finalisation of GDP data: 1995-2003" (June 2007, .pdf format, 12p.).



Statistics Netherlands Web Magazine Article: "Marginal decline purchasing power in 2005," by Ferdy Otten and Wim Bos (Jun. 12, 2007).



InfoLine Report: "Preliminary National Accounts (Base 2000): Gross Domestic Product -- Current Prices" (June 2007).



National Institute of Statistics Periodical: Monthly Statistical Bulletin No. 4, April 2007 (June 2007, .pdf format, 194p.). The periodical is in Romanian and English.


South Africa:

Statistics South Africa Publication: "Financial Census of Municipalities, June 2006." (P9114, Jun. 7, 2007,.pdf format, 21p., with provincial data in .zip compressed Microsoft Excel format)



Statistics Sweden News Releases:

A. "Making good statistics even better: There are many similarities between the Finnish and the Swedish statistical systems but also some clear differences. This is shown in a benchmarking study that has been carried out jointly by the statistical offices in the two countries, Statistics Finland and Statistics Sweden" (Jun. 8, 2007).

B. "Household budget survey (HBS): 2006" (Jun. 1, 2007).



1. National Statistics Office Periodical Article, Report:

A. "Labour Disputes in 2006," by Dominic Hale (in _Economic and Labour Market Review_, Vol. 1, No. 6, 2007, .pdf format, p. 1-12).

Related News Release: "754,500 days lost in labour disputes in 2006" (Jun. 11, 2007, .pdf format, 2p.).

B. "Regional Competitiveness and State of the Regions" (Department of Trade and Industry, May 2007, .pdf and Microsoft Excel format, 100p.).

2. House of Commons Library Research Paper: "Gleneagles G8 commitments on debt relief and aid -- two years on," by Janna Jessee (07/61, Jun. 4, 2007, .pdf format, 37p.).


"At the Gleneagles G8 Summit in July 2005, G8 leaders made commitments to increase foreign aid and provide debt relief, recognising that without such commitments the Millennium Development Goals, aimed at reducing poverty and improving lives throughout the developing world, would not be achieved. This paper provides some background and a description of the financing commitments made at the Gleneagles G8 Summit. It then looks at the extent to which G8 members are meeting their commitments to increase aid and provide debt relief. The UK’s progress in meeting its own commitments is then examined. The paper also includes a brief assessment of the aid activities of non-G8 countries, and concludes with a look ahead to the G8 Summit in Germany in June 2007."

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Urban Institute Reports:

A. "Reforming the Child and Dependent Care Tax Credit," by Jeffrey Rohaly (June 2007, .pdf format, 15p.).

B. "Where Does Federal Revenue Come From?" by Robertson Williams (Tax Analysis Tax Facts, June, 2007, .pdf format, 1p.)


Carnegie Endowment For International Peace Report: "China’s Economic Fluctuations and Their Implications for Its Rural Economy," by Albert Keidel. (May 2007, .pdf format, 90p.).

More information about CEIP:


American Enterprise Institute Report: "The Remarkable American Consumer," by John H. Makin (Economic Outlook, June 2007, HTML and .pdf format, 4p.).,pubID.26268/pub_detail.asp


National Governors Association Report: "The Fiscal Survey of States" (June 2007, .pdf format, 54p.).


Free Press Report: "Off the Dial: How Media Consolidation Diminishes Diversity on the Radio," by S. Derek Turner (June 2007, .pdf format, 76p.).

More information on Free Press:

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Federal Reserve Banks:

Finance and Economics Discussion Series: "Estimating the Long-Run User Cost Elasticity for a Small Open Economy: Evidence Using Data from South Africa," by Brahima Coulibaly and Jonathan Millar (2007-25, April 2007, .pdf format, 30p.). Links to an abstract and full text are available at:

Federal Reserve Bank of Boston (Massachusetts): "Asset Liquidity, Debt Valuation and Credit Risk," by Ethan Cohen-Cole (QAU Working Paper No. QAU07-5, April 2007, .pdf format, 37p.). Links to an abstract and full text are available at:

Federal Reserve Bank of San Francisco (California): "The Composition of Capital Inflows When Emerging Market Firms Face Financing Constraints," by Katherine A. Smith and Diego Valderrama (WP 07-13, May 2007, .pdf format, 36p.).


The composition of capital inflows to emerging market economies tends to follow a predictable dynamic pattern across the business cycle. In most emerging market economies, total inflows are procyclical, with debt and portfolio equity flowing in first, followed later in the expansion by foreign direct investment (FDI). To understand the timing of these flows, we use a small open economy (SOE) framework to model the composition of capital inflows as the equilibrium outcome of emerging market firms' financing decisions. We show how costly external financing and foreign direct investment search costs generate a state contingent cost of financing, so that the "cheapest" source of financing depends on the phase of the business cycle. In this manner, the financial frictions are able to explain the interaction between the types of flows and deliver a time varying composition of flows, as well as other standard features of emerging market business cycles. If, as this work suggests, flows are an equilibrium outcome of firms' financing decisions then volatility of capital inflows is not necessarily "bad" for an economy. Furthermore, using capital controls to shut down one type of flow and encourage another is certain to have both long- and short-run welfare implications.


Levy Economic Institute of Bard College [Annandale-on-Hudson, New York]: "Recent Trends in Household Wealth in the United States: Rising Debt and the Middle-Class Squeeze," by Edward N. Wolff (Working Paper No. 502, June 2007, .pdf format, 49p.). Links to an abstract and full text are available at:


National Bureau of Economic Research: NBER has released the following working papers for the week of May 28-Jun. 4, 2007:

New papers are: 13143-13162


International Monetary Fund: IMF has added several new working papers. The papers are Nos. 128-137


World Bank Development Programme: WDP has recently released several new working papers. See the list at:

New Papers are: 4245-4251

and click on "More" for the rest.


Institute for the Study of Labor (IZA) [University of Bonn, Germany]: IZA has recently released several new working papers.

The new working papers are: 2820-2845


New Economic Papers (NEP)-ALL. The latest list of New Economic Papers (Jun. 2, 2007) is available at:


AgEcon Search: This week's new working papers from AgEcon Search at the University of Minnesota are available at:

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JOURNAL TABLES OF CONTENTS (check your library for availability):

Annals of Statistics (Vol. 35, No. 1, February 2007)

European Economic Review (Vol. 51, No. 5, July 2007).

Journal of Economic Literature (Vol. 45, No. 2, June 2007). Note: Full electronic text of this journal is available in the ProQuest Research Library. Check your library for the availability of this database and this issue.

Journal of Financial Economics (Vol. 85, No. 1, July 2007).

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US House of Representatives Committee on the Budget Conference Report: "Concurrent Resolution on the Budget for Fiscal Year 2008." (Report No. 110-153, May 16, 2007, .pdf format, 133p.)


US House of Representatives Education and Labor Committee Hearing Testimony: "Protecting U.S. and Guest Workers: the Recruitment and Employment of Temporary Foreign Labor," a hearing held Jun. 7, 2007. (.pdf format).


US Senate Finance Committee Hearing Testimony: "Trade Enforcement for a 21st Century Economy," a hearing held Jun. 12, 2007 (.pdf format).

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US Energy Information Administration: "State Energy Consumption, Price, and Expenditure Estimates (SEDS)." (June 2007, HTML, .pdf, comma separated value [.csv] and .zip compressed .csv format).

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