Current Social Science Research Report--Economics #71, July 8, 2008.

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 Labor Statistics Periodical, Report:

A. Monthly Labor Review (Vol. 131, No. 6, June 2008, .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:

B. "The Unemployment Rate and Beyond: Alternative Measures of Labor Underutilization," (Summary 08-06, June 2008, .pdf format, 2p.).

2. Congressional Budget Office Report: "Recent Trends in the Variability of Individual Earnings and Household Income," (June 2008, .pdf format, 24p.).

3. Internal Revenue Service Report: "Individual Income Tax Returns 2006," (July 2008, .pdf format and Microsoft Excel format, 280p.).,,id=134951,00.html

4. Energy Information Administration Slide Show: "Next Stop for Oil Prices: $100 or $150?" (July 2008, HTML and Microsoft PowerPoint format, 36 slides).

5. Congressional Research Service Reports:

A. "Possible Federal Revenue from Oil Development of ANWR and Nearby Areas," by Salvatore Lazzari (RL34547, June 2008, .pdf format, 9p.).

B. "'Spam': An Overview of Issues Concerning Commercial Electronic Mail," by Moloney Figliola (RL31953, May 2008, .pdf format, 18p.).

6. Department of Agriculture, Economic Research Service Report: "Food Security Assessment, 2007," by Stacey Rosen, Shahla Shapouri, Kathryn Quanbeck, and Birgit Meade (Outlook Report No. GFA-19, July 2008, .pdf format, 47p.).

US Government Economic Releases from the National Bureau of Economic Research: Links to releases for Jul. 2-8, 2008 are available at the site.

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US States:


Labor and Workforce Development Periodical: Alaska Economic Trends (July 2008, .pdf format, 19p.). The topic of this issue is "The Cost of Living in Alaska."


Stats Indiana Updates: "Stats Indiana has updated the following data (July 2008): "U.S. Employment and Unemployment, Jun 2008," "Final State & Local Government Finances, 2006," "State Quarterly Personal Income, 1st qtr. 2007 - 1st qtr. 2008," and "Building Permits with State and Local Estimates: May 2008."

See under "Just Released" on the right side of the page.


State Data Center Update: The SDC released the following update (.pdf and Microsoft Excel format) on Jul. 3, 2008:

Iowa counties: "Summary of employees, payroll amounts and averages, and establishments: 2000-2006"

North Dakota:

State Data Center Periodical: Population Bulletin (Vol. 24, No. 7, July 2008, .pdf format, 3p.). The topic of this issue is: "North Dakota Tax Filers Receiving the Earned Income Tax Credit (EITC): 2000 to 2005."

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NGOs and Other Countries:

United Nations:

1. Department of Economic and Social Affairs Report: "2008 World Economic and Social Survey," (2008, .pdf format, 202p.).

2. Development Programme Report: "Creating Value for All: Strategies for Doing Business with the Poor" (July 2008, .pdf format, 156p.).

3. Economic and Social Commission for Asia and the Pacific Report: "ESCAP Series on Inclusive and Sustainable Development 2: The Current Global Financial Turmoil and Asian Developing Countries." by Yilmaz Akyüz (2008, .pdf format, 52p.).


European Community:

Eurostat Compendium, Periodical:

A. European Economic Statistics: 2008 (July 2008, .pdf format, 224p.).,46587259&_dad=portal&_schema=PORTAL&p_product_code=KS-30-08-410

B. Statistics in Focus. The latest issues (8/63, 8/65-8/68 .pdf format) are now available at the SIF website:,1136118&_dad=portal&_schema=PORTAL


Organisation for Economic Co-operation and Development Report: "Economic survey of Luxembourg 2008" (July 2008). For more information, including ordering information see:,3343,en_2649_201185_40913687_1_1_1_1,00.html

Near the bottom of the page there is a link to a related policy brief (.pdf format, 12p.).


International Monetary Fund Country Reports, Report:

A. The latest Country Reports (.pdf format) span the time period from Jul. 2-Jul. 8, 2008 (No. 08/204-08/221).

B.B. "Food and Fuel Prices--Recent Developments, Macroeconomic Impact, and Policy Responses" (June 2008, .pdf format, 58p.). The report is linked to from an article in IMF Survey Magazine: "Price Surge Driving Some Countries Close to Tipping Point--IMF" (Jul. 1, 2008).

Click on "Read the IMF study" on the right side of the page for link to full text.



National Statistical Service Reports:

A. "Foreign Trade of the Republic of Armenia for 2007 According to the Commodity Nomenclature of External Economic Activity of CIS at 4-digit level" (July 2008, .pdf format, 116p.). The report is in Armenian and English.

B. "Foreign Trade of the Republic of Armenia for 2007 According to the Commodity Nomenclature of External Economic Activity of CIS at 8-digit level" (July 2008, .pdf format, 201p.). The report is in Armenian and English.



Statistics Canada/Statistique Canada ReportS:

A. "Guide to Income and Expenditure Accounts" (June 2008, .pdf format, 297p.).

B. "Television Broadcasting Industries 2007" (July 2008, .pdf format, 21p.).


Cook Islands:

Statistical Office Report: "Cook Islands Household Expenditure Survey (HES): 2005-2006" (June 2008, .pdf format, 67p.).



Statistics Finland News Releases:

A. "Preliminary data on indebtedness: indebtedness of private persons has increased most in young age groups" (Jul. 3, 2008).

B. "Finnish residents made 32 million leisure trips in 2007" (Jul. 4, 2008).



Federal Statistical Office STATmagazin Article, Press Releases:

A. "Food price increases: a comparison across the EU" (STATmagazin, May 21, 2008).

B. "Revenue from environmental taxes down by EUR 919 million" (Jul. 8, 2008). The news release links to a German version that contains two topical tables.,templateId=renderPrint.psml

C. "Risk of poverty in Germany in a European comparison -- Results from EU-SILC 2006" (Jul. 8, 2008). The news release links to a German version that contains three topical tables.,templateId=renderPrint.psml



Statistics Indonesia Press Release: "Production of Paddy, Maize, and Soybeans (Fix Figures 2007 and Estimation Figures II 2008)" (Jul. 1, 2008, .pdf format, 6p.).



Department of Statistics Report, News Release:

A. "Economic Census 2006 Malaysia - Construction" (June 2008, .pdf format, 11p.).

Scroll down the left side of the page to title.

B. "Malaysia Summary Of The International Investment Position 2007" (Jun. 30, 2008). The news release links to several topical tables (.pdf format, 2p.).



Statistics Netherlands Web Magazine Articles:

A. "More package holidays," by Henk Swinkels (Jul. 3, 2008).

B. "Low incomes transferred to the next generation in families with non-western background," by Marion van den Brakel and Linda Moonen (Jul. 3, 2008).

C. "Employees put less aside in life course schemes" (Jul. 8, 2008).

D. "Collectively negotiated wage increases substantially larger," by Monique Hartog (Jul. 8, 2008).



Statistics Norway News Releases:

A. "Sample survey of agriculture and forestry. Final figures, 2006" (Jul. 8, 2008). The news release links to seven topical tables.

B. "Price levels for consumer electronics and household appliances, Europe 2007" (Jul. 4, 2008).



Central Statistical Office Periodical: Prices in the National Economy (May 2008, .pdf and .zip compressed format, 73p.). The periodical is in Polish and English.



National Institute of Statistics Periodical: Prices Statistical Bulletin (No. 5, 2008, .pdf format, 53p.). The periodical is in Romanian and English.

Click on the title page icon under the title for link to full text.



Statistics Singapore Reports:

A. "Economic Surveys Series 2006: Information and Communications Services" (July 2008, .pdf format, 45p.).

B. "Economic Surveys Series 2006: Food and Beverage Services" (July 2008, .pdf format, 57p.).



Statistical Office News Releases:

A. "Annual data on the production and sale of industrial products and services, Slovenia, 2007 -- provisional data," by Spela Kastelic (Jul. 7, 2008).

B. "Railway transport, detailed data, Slovenia, 2007" (Jul. 3, 2008).

C. "Irrigation of agricultural area, Slovenia, 2007" (Jul. 2, 2008).


South Africa:

Statistics South Africa Consumer Price Index Weights 2008: (June 2008, .zip compressed .pdf format).



Statistics Sweden Press Release: "Expenditure on R&D increases" (Jul. 4, 2008).



National Statistics Office Periodical Tables, Report:

A. Economic & Labour Market Review: July 2008. Tables (Microsoft Excel format) for the July issue are available.

B. "PRODCOM (manufactured PRODucts of the European COMmunity) annual reports 2007: phase 3" (July 2008, pdf format).

Click on "Latest release" for link to reports.

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Federal Reserve Bank of St. Louis [Missouri] PeriodicalS:

A. National Economic Trends (July 2008, .pdf format, 27p.).

B. Review (Vol. 90, No. 4, July/August 2008, .pdf format, p. 269-498).


Urban Institute Report: "The Individual Alternative Minimum Tax: Historical Data and Projections: Updated June 2008," by Greg Leiserson and Jeff Rohaly (June 2008, .pdf format, 15p.).

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Federal Reserve Banks:

Federal Reserve Bank of Minneapolis [Minnesota]: "New Keynesian Models: Not Yet Useful for Policy Analysis," by V. V. Chari, Patrick J. Kehoe and Ellen R. McGrattan (Working Paper No. 664, July 2008, .pdf and PostScript format, 26p.). Links to an abstract and full text are available at:

Federal Reserve Bank of St. Louis [Missouri]: "Enlargement and Common External Tariff in a Political-Economic Model of Customs Union," by Subhayu Bandyopadhyay, Sajal Lahiri, and Suryadipta Roy (Working Paper 2008-022A, June 2008, .pdf format, 16p.). Links to an abstract and full text are available at:


Center for Policy Research [Syracuse University]: "Financial Development and Openness: Evidence from Panel Data," by Badi H. Baltagi, Panicos O. Demetriades, and Siong Hook Law (Working Paper No. 107, June 2008, .pdf format, 29p.). Links to an abstract and full text are available at:


Levy Institute (Bard College) [Annandale-on-Hudson, NY]: "Deficient Public Infrastructure and Private Costs: Evidence from a Time-Use Survey for the Water Sector in India," by Lekha S. Chakraborty (Working Paper No. 536, July 2008, .pdf format, 15p.). Links to an abstract and full text are available at:


American Enterprise Institute: "Policies to Improve the Resiliency of Long-Term Social Security Financing," by Andrew G. Briggs (AEI Working Paper No. 143, July 2008, .pdf format, 29p.). Links to an abstract and full text are available at:


International Monetary Fund: IMF has added the following working papers. The papers are Nos. 08/159-08/161, 08/163.


World Bank Policy Research Programme: PRP has recently released new working papers. See the list at:

New papers are: 4659-4662.


World Institute for Development Economic Research [United Nations University]: "Does Aid Mitigate External Shocks?" by Paul Collier and Benedikt Goderis (WIDER Discussion Paper 2008/06, July 2008, .pdf format, 25p.). Links to an abstract and full text are available at:


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

The new working papers are: 3575-3584


Center for Economic Studies/Ifo Institute for Economic Research (CESifo) [Munich, Bavaria, Germany]: CESifo has recently released several new working papers:

and "Browse Working Paper List" for 2008.

The new papers are numbered 2342-2347.


European Central Bank: ECB has added the following occasional papers. The occasional are Nos. 89-91.


Asian Development Bank: "The Growth Penalty of High Government Pay Rates," by Craig Sugden and Kiyoshi Taniguchi (ERD Working Paper No. 118, July 2008, .pdf format, 54p.).


This study examines the role of government pay rates in economic growth. A trend decline in government pay rates, expressed relative to what an economy can afford, is identified in many developing countries. The decline is attributed to the erosion of economic rents. Drawing on the theoretical insights of the Harris-Todaro two sector model, the study argues that static and dynamic benefits from the erosion of rents would lead to a negative relationship between government pay rates and economic growth. Utilizing the pooled regression models as well as the feasible two-stage generalized method of moments estimator, the study concludes that relative government pay rates are negatively related with economic growth in developing countries; hence, high government pay rates penalize economic growth. Countries that retain high government pay rates are identified.


Bank of Canada/Banque Du Canada: "The Cost of Equity in Canada: An International Comparison," by Jonathan Witmer (Working Paper 2008-21, July 2008, .pdf format, 43p.). Links to an abstract and full text are available at:


Banque De France:

A. "Revisiting the Decline in the Exchange Rate Pass-Through: Further Evidence from Developing Countries," by Karim Barhoumi and Jamel Jouini (Working Paper No. 213, July 2008, .pdf format, 16p.). Links to an abstract and full text are available at:

B. "Short-term forecasting of GDP using large monthly datasets: a pseudo real-time forecast evaluation exercise," by Karim Barhoumi, Gerhard Rünstler, Riccardo Cristadoro, Ard Den Reijer, Audrone Jakaitiene, Piotr Jelonek, Antonio Rua, Karsten Ruth, Szilard Benk and Christophe Van Nieuwenhuyze (Working Paper No. 215, July 2008, .pdf format, 29p.). Links to an abstract and full text are available at:


Bank of Greece:

A. "Banking Transformation (1989-2006) in Central and Eastern Europe - With Special Reference To Balkans," by Stephan Barisitz (Working Paper No. 78, June 2008, .pdf format, 30p.).


This paper provides an overview of the history of banking transition (1989-2006) in 13 CEE countries - with particular emphasis on four relatively large Balkan countries (Bulgaria, Croatia, Romania, Serbia and Montenegro). Two "banking reform waves" are distinguished, salient features of which all countries (need to) run through in order to mature. The first reform wave focuses on liberalization measures; the second wave mostly consists of restructuring/institutional adjustment. Western European FDI has come to dominate banking in most countries, including those of the Balkans. Recently, credit booms have unfolded, which, while constituting structural catching up phenomena, are not without risks. Insufficient rule of law remains widespread.

B. "The Regulation And Supervision of the Belgian Financial System (1830-2005)," by Erik Buyst and Ivo Maes (Working Paper No. 77, June 2008, .pdf format, 34p.).


This paper provides an overview of the regulation and supervision of the Belgian financial system from the creation of Belgium in 1830 to the early 21st century. After severe crises, the National Bank of Belgium was created in 1850. The Great Depression led to further reforms, increasing the role of the government, especially through the establishment of the Banking Commission. In the post-war period, reforms were driven by changes in the financial landscape, especially an increasing role for market forces. In line with the despecialisation process, the responsibilities of the Banking Commission were gradually extended, becoming, in 2004, the Banking, Finance and Insurance Commission. Moreover, at the turn of the millennium, the role of the NBB in financial stability matters was enhanced.


Bank of Japan: "Monetary Policy Framework and "Insurance Against Deflation"," by Naoko Hara, Takeshi Kimura, and Kunio Okina (No. 08e06, July 2008, .pdf format, 42p.). Links to an abstract and full text are available at:


New Economic Papers (NEP)-ALL. The latest list of New Economic Papers (Jun 27, 2008).


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

The new working papers are authored by Jacinto F. Fabiosa and Bruce A. Babcock.

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

Econometrica (Vol. 76, No. 4, July 2008). Note: Full electronic text of this journal is available in the ProQuest Research Library. Check your library for the availability of these databases and this issue.

Journal of Financial Economics (Vol. 88, No. 3, June 2008).

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Chronicle of Higher Education:

Economic positions has been updated through Jul. 7, 2008.

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UK Data Archive (Essex University, Colchester, UK): The UK Data Archive has recently added the following datasets to its holdings. Note: There maybe charges or licensing requirements on holdings of the UK Data Archive. For more information see:

SN 5842 Quarterly Labour Force Survey, January - March, 2004

SN 5844 Quarterly Labour Force Survey, January - March, 2003

SN 5847 Quarterly Labour Force Survey, July - September, 2002

SN 5846 Quarterly Labour Force Survey, January - March, 2002

SN 5843 Quarterly Labour Force Survey, July - September, 2004

SN 5845 Quarterly Labour Force Survey, July - September, 2003

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