Current Social Science Research Report--Economics #81, September 23, 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 Economic Analysis Periodical: Survey of Current Business (Vol. 88, No. 9, September 2008, .pdf format).

2. Securities and Exchange Committee News Release: "SEC Halts Short Selling of Financial Stocks to Protect Investors and Markets," (Sep. 19, 2008).

3. Bureau of Justice Statistics Report: "Cybercrime against Businesses, 2005," by Ramona R. Rantala (NCJ 221943, September 2008, ASCII text and .pdf format, 20p., with .zip compressed spreadsheets).

4. US Government Economic Releases from the National Bureau of Economic Research: Links to releases for Sep. 17-23, 2008 are available at the site.

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US States:


State Data Center Updates (.pdf and Microsoft Excel format). The SDC released the following updates on Sep. 19, 2008:


Income fact sheet (BEARFACTS): 1997-2007 (.pdf format only, 1p.).

State economic profile (Income, earnings, employment): 1969-2007

Farm income and expenses: 1969-2007

Total employment by industry: 1969-2007

Wage and salary employment by industry: 1969-2007

Per capita personal and disposable income: 1929-2007

Personal income by industry: 1969-2007

Wage and salary disbursements by industry: 1969-2007

Personal current tax receipts: 1969-2007

Personal current transfer receipts: 1969-2007


Per capita income personal income: 1929-2007

Percent change in per capita income personal income, personal income, population: 2006-2007

Personal income change by component: 2006-2007

Contributions to percent change in earnings by place of work: 2006-2007

See under Sep. 19, 2008 listing.


Department of Labor Periodical: August 2008 Labor Report (September 2008, HTML, .pdf, or Microsoft Excel format).

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NGOs and Other Countries:

European Community:

Eurostat Periodicals:

A. Statistics in Focus: The latest issue (8/82) is now available.,1136118&_dad=portal&_schema=PORTAL

B. Data in Focus: The latest issue (35/08-36/08 .pdf format) are now available on the DIF website:,62992791&_dad=portal&_schema=PORTAL


International Development Association/International Monetary Fund Report: "Heavily Indebted Poor Countries (HIPC) Initiative and Multilateral Debt Relief Initiative (MDRI) Status of Implementation," (September 2008, pdf format, 99p).


International Monetary Fund Country Reports: The latest Country Report (.pdf format) span the time period from Sep. 17-23, 2008 (No. 08-305--08/312).



Bureau of Statistics Reports:

A. "Farm Management and Climate, 2006-07" (September 2008, .pdf format, 27p., with tables in Microsoft Excel and .zip compressed Microsoft Excel format).

Click on the "Downloads" tab near the top of the page for link to full text and tables.

B. "Improvements to Family Estimates from the Labour Force Survey, 2008," by Brian Pink (September 2008, .pdf format, 24p.).

Click on the "Downloads" tab near the top of the page for link to full text.


Bosnia and Herzegovina:

Federal Office of Statistics Report: "Labor Force Survey: 2008: Preliminary Data" (September 2008, .pdf format, 14p.). The report is in Bosnian and English.



Statistics Canada/Statistique Canada Report, The Daily Article, Periodical:

A. "Canadian Economic Accounts Quarterly Review: Second quarter 2008" (September 2008, HTML and .pdf format, 56p.).

Link to full text .pdf is on the left side of the page.

B. "National Apprenticeship Survey: 2007" (Sep. 16, 2008). The article links to a national and eight provincial reports on the topic (all .pdf format).

C. "Rural Commuting: Its Relevance to Rural and Urban Labour Markets," by Spencer Harris, Alessandro Alasia and Ray D. Bollman (Rural and Small Town Canada Analysis Bulletin, September 2008, HTML and .pdf format, 23p.).

D. Canadian Economic Observer (Vol. 21, No. 9, September 2008, HTML and .pdf format, 77p.).



Statistical Service Reports:

A. "Industrial Statistics: 2007" (September 2008, .pdf format, 338p.). The report is in Greek and English.$file/INDUSTRIAL_STATISTICS%202007.pdf?OpenElement

B. "Labor Force Survey: 2007" (September 2008, .pdf format, 255p.). The report is in Greek and English.$file/LFS_2007.pdf?OpenElement



Institut National de la Statistique et des Etudes Economiques Database: "Tableaux de l'Économie Française - Édition 2008" (September 2008, HTML and Microsoft Excel format). The database is available in French only.



Statistical Office Report: "Research and Development 2007" (September 2008, .pdf format, 126p.). The report is in Hungarian and English.



Statistics Iceland Report: "General government finances 2007" (September 2008, .pdf format, 47p.). The report is in Icelandic, with an English summary. Tables are in Icelandic and English.



Central Statistics Office/An Phriomh-Oifig Staidrimh Report: "Area, Yield and Production of Crops: 2007" (September 2008, .pdf format, 4p.).



Ministry of Health, Labour, and Welfare Report: "Japanese Working Life Profile 2007/2008" (The Japan Institute for Labour Policy and Training, September 2008, .pdf format, 92p.).



Statistics Department News Release: "Real earnings in the whole economy in 2007 increased by 17 per cent" (Sep. 19, 2008).



State Statistical Office News Release: "Gross domestic product by regions in the Republic of Macedonia, 2006" (Sep. 18, 2008, .pdf format, 4p.).



National Statistics Office Report: "Business Research and Innovation 2004-2006" (September 2008, .pdf format, 8p.).



Statistics Modava Reports:

A. "Monthly evolution of consumer price indices in 1991-2008 (to December previous year)" (September 2008, .pdf format, 2p.).

B. "Monthly evolution of consumer price indices in 1991-2008 (to previous month)" (September 2008, .pdf format, 2p.).



Statistics Netherlands: SN has updated its Web Magazine, Economic Monitor, and Press Releases from Sep. 18-23, 2008).



Statistics Norway News Releases: SN has updated its news releases from Sep. 17-23, 2008).



Ministry of the National Economy Periodical: Monthly Statistical Bulletin Aug 2008 (September 2008, .pdf format). The periodical is in Arabic and English.


Palestinian National Authority:

Central Bureau of Statistics Press Release: "Dr. Luay Shabaneh, PCBS President Announces the Findings of the Buildings and Housing Units Census 2007" (Sep. 23, 2008, .pdf format, 2p.).



Central Statistics Bureau Periodical, Report:

A. Statistical Bulletin No 8/2008 (September 2008, .pdf and Microsoft Excel (.zip compressed and uncompressed) format, 221p.). The periodical is in Polish and English.

B. "Information on socio-economic situation of voivodships - No. 2/2008" (September 2008, .pdf format, 101p.). The periodical is in Polish and English.



National Institute of Statistics Periodical: International Trade Statistical Bulletin No. 6 (September 2008, .pdf format, 73p.). The periodical is in Romanian and English.

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



Statistical Office News Releases:

A. "Fiscal burden of taxable persons by taxes and social contributions, Slovenia, 2002--2007," by Sasa Finc (Sep. 23, 2008).

B. "Exploitation of water in manufacturing, Slovenia, 2007," by Sasa Cucek (Sep. 22, 2008).

C. "Slovenian travel agencies, Slovenia, 2007," by Franc Gruden (Sep. 18, 2008).

D. "Organic farming, Slovenia, 2007," by Danijela Maver (Sep. 18, 2008).

E. "Labour migrations, Slovenia, 2007 -- provisional data," by Nuska Brnot (Sep. 18, 2008).

F. "Activity of publishing, detailed data, Slovenia, 2007," by Nadja Svetlin Kastelic (Sep. 16, 2008).


Sri Lanka:

Department of Census and Statistics Report: "National Accounts of Sri Lanka: 2007" (March 2008, .pdf format, 286p.). The main bold and underlined headings of the table of contents lead to detailed information.



Statistics Sweden News Releases:

A. "Annual accounts for municipalities 2007" (Sep. 18, 2008).

B. "Environmental protection expenditure 2007" (Sep. 17, 2008).

C. "Charges/rents for newly constructed dwellings 2007" (Sep. 17, 2008).



Department for Transport Report: "Maritime statistics 2007" (September 2008, .pdf format, 172p., with tables in Microsoft Excel format).



Welsh Assembly Government/Llywodraeth Cynulliad Cymru Report: Key Economic Statistics - September 2008" (September 2008, .pdf format, 15p.).

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Federal Reserve Bank of St. Louis (Missouri) Periodical: Monetary Trends (October 2008, .pdf format, 20p.).


Center on Budget and Policy Priorities Reports:

A. "Bonus Depreciation Tax Cut Unlikely To Provide Effective Economic Stimulus," by Chye-Ching Huang and Chad Stone (September 2008, HTML and .pdf format, 4p.).

B. "Child Tax Credit Expansion Before Congress Would Help 13 Million Children" by Sharon Parrott, Arloc Sherman, and Chye Huang (September 19, 2008, HTML and .pdf format, 3p.).

More information on CBPP:

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Federal Reserve Banks:

District 3: Federal Reserve Bank of Philadelphia (Pennsylvania):

NEW: WP 08-20 and 08-21.


District 6: Federal Reserve Bank of Atlanta (Georgia):

NEW: WP 2008-18 to 2008-22.


District 8: Federal Reserve Bank of St. Louis (Missouri):

NEW: "Are Credit Unions Too Small?" by David C. Wheelock, and Paul Wilson (WP 2008-33A, September 2008, .pdf format, 36p.). Links to an abstract and full text are available at the site.


US Census Bureau Center for Economic Studies: "The Direct and Indirect Costs of Food Safety Regulation," by Michael Ollinger (CES-WP-08-31, September 2008, .pdf format, 30p.). Links to an abstract and full text are available at the site.


National Bureau of Economic Research: NBER has released the following working papers for the week of Sep. 14-20, 2008.

New papers are: 14341-14360


International Monetary Fund: IMF has added the following working papers. The papers are Nos. 08/223-08/224.


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

New papers are: 4720-4722.


Australian National University: "Optimal Capital Taxation Under Limited Commitment," by Junsang Lee (WP498, August 2008, pdf format, 31p).


We study optimal capital taxation under limited commitment. We prove that the optimal tax rate on capital income should be positive in steady state provided that full risk-sharing is not feasible. In a limited commitment environment, a one unit increase of capital investment by an agent increases all individuals' autarky values in the economy and generates externality costs in the economy. This externality cost provides a rationale for positive capital taxation even in the absence of government expenditure. Moreover, we show that both this externality cost of capital investment and the optimal tax rate are potentially much bigger than one might expect.


Institute for Social and Economic Research (ISER) [University of Essex, Colchester, UK: ISER has recently released several new working papers They are WP 2008-27 through WP 2008-31.


Danish Institute for International Studies: "Privatization Of Land And Indigenous Communities In Latin America: Tenure Security Or Social Security?," by Søren Hvalkof (WP 2008/21, September 2008, pdf format, 22p).


This working paper summarizes the discussions and findings of a recent study of the impacts of contemporary land privatization processes and individual titling programs affecting indigenous communities in Latin America, with particular emphasis on indigenous economies and production systems. The study was informed by case studies from Peru, Bolivia and Honduras and Mexico, with the main focus on the indigenous peasant societies of the highlands, where individualization schemes apply. The neoliberal policies of the 1990s promoted market based legal and administrative reforms, with a strong emphasis on developing a dynamic land market that would eventually have an impact on indigenous communal land tenure systems, whether they were the direct target or not. From the present study it can be seen that there are significant contradictions between indigenous communal land arrangements and tenure systems, and the market-based land and agricultural policy reforms being promoted by the multilateral donor agencies. In the conventional economic development discourse land tenure security is considered a prerequisite for economic growth. The study shows, however, that in relation to indigenous communities the question of tenure security is much more complex and closely related to the security of social reproduction, safeguarding of communal control and of the communal decision-making authority. It shows that privatization and individualization of land tenure per se has not generated the expected results.


Bank for International Settlements:

A. "The housing meltdown: Why did it happen in the United States?" by Luci Ellis (Working Papers No 259, September 2008, .pdf format, 36p.). Links to an abstract and full text are available at:

B. "Estimating hedge fund leverage," by Patrick M. McGuire and Kostas Tsatsaronis (Working Papers No 260, September 2008, .pdf format, 41p.). Links to an abstract and full text are available at:


Asian Development Bank: "Inflation in Developing Asia: Demand-Pull or Cost-Push?," by Juthathip Jongwanich and Donghyun Park (No. 121, September 2008, pdf format, 45p).


This paper empirically examines the relative importance of different sources of inflation in developing Asia. In particular, it tests the widely held view that the region’s current inflation surge is primarily the result of external price shocks such as oil and food shocks. In addition, this paper also estimates the degree of pass-through of external price shocks to domestic prices. Our central empirical result is that contrary to popular misconception, Asia’s inflation is largely due to excess aggregate demand and inflation expectations rather than external price shocks. This suggests monetary policy will remain a powerful tool in the fight against inflation in Asia. Another significant finding is that the pass-through of the external price shocks to domestic prices has been limited so far. However, the removal of government subsidies is likely to lead to greater pass-through in the future. The resulting inflationary pressures provide a further rationale for tightening monetary policy.


European Central Bank: The ECB has recently released several new working papers:

The new papers are numbered 929, 933-935, 937, 939-943.


National Bank of Belgium: "The efficiency frontier as a method for gauging the performance of public expenditure: a Belgian case study," by Bruno Eugène (WP138, September 2008, .pdf format, 39p.). Links to an abstract and full text are available at:


Bank of Canada: "The Welfare Implications of Fiscal Dominance," by Carlos De Resende and Nooman Rebei (WP 08-28, September 2008, pdf format, 43p). Links to an abstract and full text are available at:


Central Bank of Chile: "Optimal Monetary Policy Under Uncertainty In DSGE Models: A Markov Jump-Linearquadratic Approach," by Lars E.O. Svensson and Noah Williams (No 484, September 2008, pdf format, 25p). Links to an abstract and full text are available at:


Deutsche Bundesbank: "Real Estate Markets And Bank Distress," by Michael Koetter and Tigran Poghosyan (No 18/2008, September 2008, pdf format, 40p).


We investigate the relationship between real estate markets and bank distress among German universal and specialized mortgage banks between 1995 and 2004. Higher house prices increase the value of collateral, which reduces the probability of bank distress (PDs). But higher prices at given rents may also indicate excessive expectations regarding the present value of real estate assets, which can increase PDs. Increasing price-to-rent ratios are positively related to PDs and larger real estate exposures amplify this effect. Rising real estate price levels alone reduce bank PDs, but only for banks with large real estate market exposure. This suggests a positive, but relatively small 'collateral' effect for banks with more expertise in specialized mortgage lending. Likewise, lower price-to-rent ratios are estimated to reduce the riskiness of banks. The multilevel logit model used here further shows that real estate markets are regionally segmented and location-specific effects contribute significantly to predicted bank PDs.


Banco de Mexico: Transparency and Numeric Rules in the Budgeting Process: Theory and Evidence," by Amoroso Nicolás (WP 2008-13, September 2008, .pdf format, 43p.). Links to a summary and full text are available at the site.

Scroll to "2008-13".


Banco de Espana: "Labor Market Reform And Price Stability: An Application To The Euro Area," by Carlos Thomas and Francesco Zanetti (No 0818, September 2008, pdf format, 38p).


This paper studies the effect of labor market reform, in the form of reductions in firing costs and unemployment benefits, on inflation volatility. With this purpose, we build a New Keynesian model with search and matching frictions in the labor market, and estimate it using Euro Area data. Qualitatively, changes in labor market policies alter the volatility of inflation in response to shocks, by affecting the volatility of the three components of real marginal costs (hiring costs, firing costs and wage costs). Quantitatively, we find however that neither policy is likely to have an important effect on inflation volatility, due to the small impact of changes in the volatility of the labor market on inflation dynamics.


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

New Papers are from "Scope and Sustainability of Cooperation in Transboundary Water Sharing of the Volta River" to "Dynamic Sanitary and Phytosanitary Trade Policy".

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

Economic Journal (Vol. 118, No. 532, October 2008).

Economics Letters (Vol. 101, No. 2, November 2008).

Scandinavian Journal of Economics (Vol. 110, No. 3, September 2008).

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Chronicle of Higher Education:

Economic positions has been updated through Sep. 23, 2008.

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US Senate Banking, Housing, and Urban Affairs Commmittee Hearing Testimony: "Turmoil in US Credit Markets: Recent Actions Regarding Government Sponsored Entities, Investment Banks and Other Financial Institutions," a hearing held Sep. 23, 2008 (.pdf format).

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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:

For new data or new editions of new data in the last month:

and pick "1 month" for either.

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