TY - CHAP TI - Constructing a new model of ethnic media: Image-saturated Latina magazines as touchstones AU - Johnson, M. A. T2 - A companion to media studies PY - 2003/// SP - 272-292 PB - Malden, MA: Blackwell SN - 063122601X ER - TY - CHAP TI - Beauty in brown: skin color in Latina magazines AU - Johnson, M. A. AU - David, P. AU - Huey, D. T2 - Brown and black communication: Latino and African American conflict and convergence in mass media A2 - D. I. Rios, A2 - Mohamed, A. N. PY - 2003/// SP - 159-174 PB - Westport, CT: Praeger SN - 0313316503 ER - TY - CHAP TI - Forest ecosystem services as production inputs AU - Pattanayak, S. K. AU - Butry, D. T. T2 - Forests in a market economy A2 - E. O. Sills, A2 - Abt, K. L. PY - 2003/// PB - Dordrecht; Boston: Kluwer Academic Publishers SN - 1402010281 ER - TY - CHAP TI - North Carolina State University coastal and estuary storm surge and flood prediction system AU - Pietrafesa, L. J. AU - Xie, L. AU - Dickey, D. A. AU - Peng, M. AU - Yan, S. T2 - Ecosystems and Sustainable Development IV A2 - E. Tiezzi, C. A. Brebbia A2 - Uso, J. L. PY - 2003/// SP - 101-110 PB - Southampton; Boston: WIT Press SN - 1853128341 ER - TY - JOUR TI - Distribution in Japan AU - Flath, D. T2 - Journal of Japanese Studies DA - 2003/// PY - 2003/// VL - 29 IS - 1 SP - 164-168 ER - TY - BOOK TI - A history of public sector pensions in the United States AU - Clark, R. L. AU - Craig, L. A. AU - Wilson, J. W. CN - JK791 .C58 2003 DA - 2003/// PY - 2003/// PB - Philadelphia: University of Pennsylvania Press SN - 0812237145 ER - TY - JOUR TI - Creative Destruction and Globalization AU - Grennes, T. T2 - Cato Journal DA - 2003/// PY - 2003/// VL - 22 IS - 3 SP - 543-558 ER - TY - JOUR TI - The fable of the bees revisited: Causes and consequences of the US honey program AU - Muth, MK AU - Rucker, RR AU - Thurman, WN AU - Chuang, CT T2 - JOURNAL OF LAW & ECONOMICS AB - In his 1973 paper, Steven Cheung discredited the “fable of the bees” by demonstrating that markets for beekeeping services exist and function well. Although economists heeded Cheung’s lessons, policy makers did not. The honey program has operated for over 50 years, supporting the price of honey through a variety of mechanisms. Its effects were minor before the 1980s but then became important, with annual government expenditures near $100 million for several years. Reforms of the program in the late 1980s reduced its market effects and budget costs, returning it to its original role as a minor commodity program. Although the 1996 Farm Bill formally eliminated the honey program, it was reinstated in the 2002 Farm Bill. We measure the historical welfare effects of the program during its various incarnations, examine its frequently stated public interest rationale—the encouragement of honeybee pollination—and interpret its history in light of economic theories of regulation. DA - 2003/10// PY - 2003/10// DO - 10.1086/377290 VL - 46 IS - 2 SP - 479-516 SN - 0022-2186 ER - TY - JOUR TI - The econometrics of corporate governance studies AU - Knoeber, CR T2 - JOURNAL OF ECONOMICS-ZEITSCHRIFT FUR NATIONALOKONOMIE DA - 2003/10// PY - 2003/10// DO - 10.1007/s00712-003-0001-6 VL - 80 IS - 2 SP - 203-206 SN - 0931-8658 ER - TY - JOUR TI - Covariance matrix estimation and the limiting behavior of the overidentifying restrictions test in the presence of neglected structural instability AU - Hall, AR AU - Inoue, A AU - Peixe, FPM T2 - ECONOMETRIC THEORY AB - We consider the limiting behavior of the overidentifying restrictions test in the presence of neglected structural instability at a single “break point.” It is shown that the test need not be consistent against this type of misspecification. If it is consistent then it emerges that the limiting behavior of this test statistic depends on the covariance matrix estimator employed. In this paper we consider the case in which a heteroskedasticity autocorrelation covariance (HAC) is used. It is shown that (i) if the HAC estimator is based on uncentered autocovariances then the overidentifying restrictions test diverges at rate T/bT where T is the sample size and bT is the bandwidth; (ii) if the HAC estimator is based on centered autocovariances then the rate of increase of the overidentifying restrictions test is either T/bT or T depending on the form of the instability. These results are used to provide conditions for the consistency of the method of moment selection of Andrews (1999, Econometrica 67, 543–564) when certain elements of the candidate set of moments are misspecified as a result of neglected structural instability.This work was begun while Hall was a Senior Research Fellow and Peixe was a graduate student at the Department of Economics, University of Birmingham, UK, and this support is gratefully acknowledged. Peixe also gratefully acknowledges financial support from FCT under Grant PRAXIS XXI/BD/13453/97. We are very grateful for the very useful comments of Don Andrews and two anonymous referees. DA - 2003/12// PY - 2003/12// DO - 10.1017/S0266466603196041 VL - 19 IS - 6 SP - 962-983 SN - 0266-4666 ER - TY - JOUR TI - The predictability of FOMC decisions: Evidence from the Volcker and Greenspan chairmanships AU - Lapp, JS AU - Pearce, DK AU - Laksanasut, S T2 - SOUTHERN ECONOMIC JOURNAL AB - This paper examines whether there is a systematic relationship between FOMC decisions and publicly available data that would potentially allow the public to anticipate FOMC policy changes. We characterize each FOMC decision as a move to tighten, ease, or leave policy unchanged and use ordered probit to estimate models of the probabilities of each choice. We find a statistically significant relationship between FOMC decisions and measures of inflation and real activity, but this relationship does not accurately predict the directions of FOMC decisions. While short-term interest rate changes prior to FOMC meetings have predictive power, suggesting that the financial market can anticipate FOMC decisions somewhat, other financial variables such as stock price movements appear unrelated to FOMC policy changes. Overall, FOMC decisions are not highly predictable using publicly available data, and adding the private information contained in the FOMC's Greenbook does not significantly increase the predictive accuracy. DA - 2003/10// PY - 2003/10// DO - 10.2307/3648971 VL - 70 IS - 2 SP - 312-327 SN - 2325-8012 ER - TY - JOUR TI - The large sample behaviour of the generalized method of moments estimator in misspecified models AU - Hall, AR AU - Inoue, A T2 - JOURNAL OF ECONOMETRICS AB - This paper presents the limiting distribution theory for the GMM estimator when the estimation is based on a population moment condition which is subject to non-local (or fixed) misspecification. It is shown that if the parameter vector is overidentified then the weighting matrix plays a far more fundamental role than it does in the corresponding analysis for correctly specified models. Specifically, the rate of convergence of the estimator depends on the rate of convergence of the weighting matrix to its probability limit. The analysis is presented for four particular choices of weighting matrix which are commonly used in practice. In each case the limiting distribution theory is different, and also different from the limiting distribution in a correctly specified model. Statistics are proposed which allow the researcher to test hypotheses about the parameters in misspecified models. DA - 2003/6// PY - 2003/6// DO - 10.1016/S0304-4076(03)00089-7 VL - 114 IS - 2 SP - 361-394 SN - 0304-4076 KW - misspecification KW - generalized method of moments KW - asymptotic distribution theory ER - TY - JOUR TI - The short and the dead: Nutrition, mortality, and the "antebellum puzzle" in the United States AU - Haines, M. R. AU - Craig, L. A. AU - Weiss, T. T2 - Journal of Economic History AB - Between 1830 and 1860 the United States experienced rapid economic growth but declining stature and rising mortality. Debate has centered on whether the American diet deteriorated in the mid-nineteenth century. Employing census and muster records, this article tests the hypotheses that adult height was positively correlated with local production of nutrients in early childhood and negatively correlated with local mortality conditions, urbanization, proximity to transport, and population mobility. Results indicate that antebellum economic growth was accompanied by an increasing nationalization and internationalization of the disease environment, which affected the health and longevity of the population.This article is based on two earlier papers presented at the conference “The Biological Standard of Living and Economic Development: Nutrition, Health, and Well-Being in Historical Perspective,” held at the University of Munich, Munich, Germany, 18–21 January 1997. They have been published in The Biological Standard of Living in Comparative Perspective edited by John Komlos and Jörg Baten (Stuttgart: Franz Steiner Verlag, 1998), pp. 155–80 and 190–207. This research was funded in part by the National Institute of Aging (AG 10120) and by the National Science Foundation (#SBR-9408525). The authors wish to thank Brian A'Hearn, Markus Heintel, and Robert Fogel for data and Jörg Baten, Timothy Cuff, Richard Easterlin, Stanley Engerman, John Komlos, John Murray, Richard Steckel, Robert Whaples, and participants at the Economic History Seminar at the University of California at Berkeley, the Economics Seminar at the College of William and Mary, the NBER Summer Institute, and the Social Science Colloquium at Colgate University for valuable comments and suggestions on earlier versions. In addition two anonymous referees provided very useful suggestions. The late Robert Gallman also provided valuable comments at an early stage of the project. Part of this research was conducted by Craig while he was a German Marshall Fund Fellow at the Seminar fuer Wirtschaftsgeschichte at the University of Munich. DA - 2003/// PY - 2003/// DO - 10.1017/s0022050703001839 VL - 63 IS - 2 SP - 382-413 ER - TY - JOUR TI - At home and abroad: US labor market performance in international perspective. AU - Allen, SG T2 - INDUSTRIAL & LABOR RELATIONS REVIEW DA - 2003/7// PY - 2003/7// DO - 10.2307/3590975 VL - 56 IS - 4 SP - 743-745 SN - 0019-7939 ER -