Applied Economics Research Articles

LE GRAND BASCULEMENT DE LA VIOLENCE

The article is based on original maps produced using data from the Atlas of Violence published by the Institute for Applied Economic Research (Ipea) and the Brazilian Public Security Forum, showing huge spatial differences in the distribution of homicides. They associate the number of homicides recorded in each of the country's municipalities (represented by the size of the proportional circles) and the proportion of these homicides in relation to the municipal population (represented by a color gradation), while the background map is colored according to the municipal development index calculated by Firjan. The map drawn for the year 2021 confirms a clear evolution in relation to previous situations (1989, 1999, 2009 and 201), a shift in crime towards the Northeast and North regions, while the number and proportion of homicides in the population fell rapidly in the main capitals of the Southeast. Keywords: Violence, Movement, Crime.

Second Issue of the Applied Business and Economics Journal

Second Issue of the Applied Business and Economics Journal

SHOULD ANTI-CGRP MONOCLONAL ANTIBODIES ALWAYS BE THE DRUG OF FIRST CHOICE FOR MIGRAINE PROPHYLAXIS IN BRAZIL? - A PHARMACOECONOMIC STUDY

Efficacy (success of therapy under ideal conditions), efficiency (the relationship between the costs and outcomes of a specific intervention), and effectiveness (the balance between efficacy and efficiency in clinical practice) are measures used to evaluate health interventions. Thus, in private practice and the public health system, the knowledge of these pharmacoeconomic data should influence the appropriate treatment choice. Migraine prophylaxis falls within this context. Traditional medications are available in the public health system, while galcanezumab is not routinely available. The present study aims to analyze the efficacy and effectiveness of galcanezumab and traditional therapeutic alternatives (amitriptyline, divalproex sodium, and topiramate). Efficacy data were obtained from the relevant literature (PubMed) and cost values from the ABCFARMA magazine. The economic impact analysis considered the cost of living for an economically active adult in Brazil based on the Brazilian Institute of Geography and Statistics (Instituto Brasileiro de Geografia e Estatística, IBGE) and the Institute for Applied Economic Research (Instituto de Pesquisa Econômica Aplicada, IPEA). Efficacy: amitriptyline: 40%; divalproex sodium: 30%; topiramate: 31%; galcanezumab: 50%. Their annual costs were: amitriptyline R$ 240.00; sodium divalproate R$ 876.00; topiramate R$ 600.00; galcanezumab R$ 13,992.00. Efficiency: amitriptyline 200%; divalproex sodium 41.1%; topiramate 62%; galcanezumab 4%. Ultimately, effectiveness is amitriptyline 120%; divalproex sodium 35.7%; topiramate 46.5%; galcanezumab 27%. Galcanezumab is the most effective; however, in a broader analysis, where payers, availability, and patient conditions are considered, evaluating efficacy alone may not be feasible in practical contexts and, therefore, anti-CGRP antibodies will not always be the first-line medications in migraine prophylaxis.

Reviewer Acknowledgements for Applied Economics and Finance, Vol. 11, No. 3

Reviewer Acknowledgements for Applied Economics and Finance, Vol. 11, No. 3

Reproduce to validate: A comprehensive study on the reproducibility of economics research

AbstractJournals have pushed for transparency of research through data availability policies. Such data policies improve availability of data and code, but what is the impact on reproducibility? We present results from a large reproduction exercise for articles published in the American Economic Journal: Applied Economics, which has had a data availability policy since its inception in 2009. Out of 363 published articles, we assessed 274 articles. All articles provided some materials. We excluded 122 articles that required confidential or proprietary data or that required the replicator to otherwise obtain the data (44.5% of assessed articles). We attempted to reproduce 152 articles and were able to fully reproduce the results of 68 (44.7% of attempted reproductions). A further 66 (43.4% of attempted reproductions) were partially reproduced. Many articles required complex code changes even when at least partially reproduced. We collect bibliometric characteristics of authors, but find no evidence for author characteristics as determinants of reproducibility. There does not appear to be a citation bonus for reproducibility. The data availability policy of this journal was effective to ensure availability of materials, but is insufficient to ensure reproduction without additional work by replicators.

VAT/GST harmonisation challenges for digital assets such as bitcoin and NFTs in the EU following Case C-264/14 (Skatteverket v David Hedqist)

The verdict in the case of Skatteverket v. David Hedqvist (Kokott, Advocate General (2015) Opinion delivered on 16 July 2015, Case C-264/14. ECLI:EU:C:2015:498. Available via TandF Online. https://doi.org/10.1080/20488432.2015.1096631.) is crucial for understanding how the EU treats virtual currencies, such as Bitcoin, in terms of Value-added Tax (VAT). This case involved the Swedish citizen David Hedqist who was seeking clarity from the Swedish Tax Authority Skatteverket on exchanging money for Bitcoins. The case set a precedent exempting such services from VAT under the EU’s VAT Directive (Council Directive 2006/112/EC (2006) On the common system of value added tax. OJ L347. Available via EUR-Lex. https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:32006L0112. Accessed 3 January 2024.). Specifically, Article 135(1)(e) of the EU’s VAT Directive excludes those transactions from VAT that include money-related transactions, that include deals or negotiations about different kinds of money, including cash and coins that are officially legal tender, i.e., used for buying things, except for collectable items like special coins or notes that people collect but do not use as a means of payment. Skatteverket (Kokott, Advocate General (2015) Opinion delivered on 16 July 2015, Case C-264/14. ECLI:EU:C:2015:498. Available via TandF Online. https://doi.org/10.1080/20488432.2015.1096631.) clarified that cash transactions are not subject to VAT, even though they are considered services for VAT purposes.Despite this clarity, the evolving landscape of digital assets’ uniqueness, including Non-Fungible Tokens (Alawadhi KM, Alshamali N (2022) NFTs Emergence in Financial Markets and their Correlation with DeFis and Cryptocurrencies. Applied Economics and Finance 9:108. https://doi.org/10.11114/aef.v9i1.5444. Available at CORE. https://core.ac.uk/download/pdf/524752899.pdf. Accessed 3 January 2024.), continues to challenge VAT frameworks across member states.Using insights from the European Commission’s Working Paper 1060, this article advocates for a unified approach tailored to digital and crypto services, addressing complexities in NFT taxation to reduce uncertainty and foster market cohesion. The findings highlight the importance of legislative changes and increased cross-border collaboration, as well as provide recommendations for policymakers and stakeholders in the digital finance and platform sector (European Commission (2024) Working Paper 1060. Available at: https://ec.europa.eu/info/publications/working-paper-1060_en. Accessed 3 March 2024.). By proposing strategic harmonisation of VAT enforcement, the research helps to improve tax compliance and support long-term growth in the EU’s digital market (Cappai M (2023) The role of private and public regulation in the case study of crypto-assets: The Italian move towards participatory regulation. Computer Law & Security Review 49:105831. Available at: https://www.sciencedirect.com/journal/computer-law-and-security-review/vol/49/suppl/C.; Hasa J (2021) Digitaalisten palvelujen rajat ylittävä kuluttajakauppa ja laajeneva arvonlisäveron erityisjärjestelmä. Licentiate thesis. University of Lapland, Faculty of Law. Available at: https://lauda.ulapland.fi/bitstream/handle/10024/64771/Hasa_Juho.pdf?sequence=1. Accessed 1 March 2024.).

A Bibliometric and Literature Review on Unconventional Work Arrangements: Moonlighting

Traditional job security is no longer guaranteed in today’s rapidly changing job market. The COVID-19 crisis has made this even more evident, leading many workers to look for additional jobs to meet their personal needs and secure a stable source of income. The COVID-19 crisis reshaped the job landscape, and unconventional work arrangements like moonlighting have gained popularity. This study focuses on ‘moonlighting’, where individuals take on extra jobs to secure their financial future. We conducted comprehensive research utilising both bibliometric and literature reviews. Our investigation involved analysing 177 relevant documents identified from the Scopus database spanning 45 years. Biblioshiny, an RStudio software, analyses and visualises connections between papers and research studies through network diagrams. The findings reveal ‘Jean Kimmel’ as the most productive and efficient author, and the United States stands at the forefront of moonlighting studies, with their research studies leading the way. Applied economics is the major source in the field of moonlighting. Our contribution to the area of moonlighting in India is new and scarcely researched and published. This concept in India is specifically of concern in the IT industry, where moonlighting is catching fire because of legality issues.

Measuring the economic contribution of Agricultural and Applied Economics departments in the United States

AbstractAgricultural and applied economists make substantial positive contributions to the domestic economy. Defining a measure of the true total value of their contributions is likely impossible, because so much about their efforts is difficult to comprehensively observe and quantitatively document. In this paper, we adopt a conservative approach to generating an estimate of the contributions ag and applied economists make to U.S. economic output and the associated welfare of society through their teaching, research, and outreach efforts. To conduct the analysis, we implemented a nationwide survey of Agricultural and Applied Economics (AAE) departments and developed a framework to calculate the value of their contributions to national income, or Gross Domestic Product (GDP). We estimate that AAE departments increase overall U.S. GDP by $2.6 billion, annually. Through its efforts to improve the human capital of its graduates, AAE teaching raises the (expected) national income by $2.2–$2.3 billion, while we value direct research and outreach contributions at $207 million and $146 million, respectively. Because we do not observe the opportunity cost of the resources used to generate those contributions, we do not claim to estimate a true net economic impact but rather attempt to quantify the gross economic contributions of the professional services AAE departments currently offer the economy. The values we provide—especially the research and extension estimates which are exceedingly difficult to measure—likely underestimate the true benefits AAE offers to the nation.

Have agricultural and applied economists lost sight of the land‐grant mission? A textual analysis of Presidential Addresses and Invited Papers from 1919–2022

AbstractAgricultural and applied economists have maintained a public discourse at the Agricultural and Applied Economics Association (AAEA) meetings and subsequently published papers discussing the mission of land‐grant institutions and the role of AAEA members in that mission. With a content analysis of 4001 Invited Papers and Presidential Speeches, we find agricultural and applied economists questioned their profession's purpose and role within the land‐grant system. The reflective questions still apply to land‐grant institutions and the agricultural and applied economics profession. We argue that AAEA members are crucial in addressing the food and agricultural challenges connected to society's deepest needs today and into the future.

Reviewer Acknowledgements for Applied Economics and Finance, Vol. 11, No. 2

Applied Economics and Finance (AEF) would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether AEF publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue.Reviewers for Volume 11, Number 2 Djebali Nesrine, University of Jendouba, TunisiaErdal Gumus, Eskisehir Osmangazi University, TurkeyFahri ÖZSUNGUR, Adana Science and Technology University, TurkeyIbrahim Baghdadi, Lebanese University, LebanonIgor Matyushenko, School of Foreign Economic Relations and Touristic Business, UkraineKaveh Dalvand, University of Delaware, United StatesNana Rusadze, Akaki Tsereteli State University, GeorgiaRajeev Rana, APB Govt. P.G. College, IndiaRamona Orastean, Lucian Blaga University of Sibiu, RomaniaShahram Fattahi, Razi University, IranShaoshu LI, Cornell University , USAZuzana Janko, San Francisco State University, USA Nikki GibbsEditorial AssistantOn behalf of,The Editorial Board of Applied Economics and FinanceRedfame Publishing9450 SW Gemini Dr. #99416Beaverton, OR 97008, USAURL: http://aef.redfame.com

New pathways for improved delivery of public goods from agriculture and forestry

This special issue of Bio-based and Applied Economics (BAE) features a selection of five papers developed within the EU H2020 project ‘CONtract SOLutions for Effective and lasting delivery of agri-environmental-climate public goods by EU agriculture and forestry’ (CONSOLE) (H2020-RUR-2018-2, GA No. 817949). CONSOLE has been comprehensively investigating the effectiveness, efficiency and longevity of innovative contract solutions for the provision of Agri-Environmental Climate Public Goods (AECPGs), the acceptance of such contracts amongst European farmers and stakeholders, as well as the drivers and mechanisms influencing the implementation.

Did the nationwide implementation of electronic fund management in the Indian employment guarantee scheme result in reduced expenditures? A re‐examination of the evidence

AbstractDigital tools are increasingly being used in welfare programmes to reduce corruption and increase transparency. Banerjee et al. (2020, E‐governance, accountability, and leakage in public programmes: experimental evidence from a financial management reform in India. American Economic Journal: Applied Economics. https://doi.org/10.1257/app.20180302) evaluate the effectiveness of one such intervention. In a later section of their paper, they use a Two‐Way Fixed Effects (TWFE) specification to examine the consequences of the nationwide scale of an electronic funds management system in India's workfare programme, and report that it reduced expenditures by 19%. The present paper extends its analysis by (a) exploiting the recent literature that disaggregates the TWFE coefficient in the presence of staggered treatment timing to pinpoint sources of identifying variation and (b) attempting to uncover heterogeneity in treatment effects. We find that certain problematic comparisons have a large weight in the TWFE coefficient. Further, an event study analysis of the six constituent and valid comparisons shows that there is no support for parallel trends, so lag coefficients cannot be vested with causal interpretation. Our results imply that large‐scale evaluations, because of the very diversity they encompass, need to explicitly account for the factors that are responsible for programme effectiveness.

Potensi Desa Jambu Menuju Pengembangan Desa Wisata di Kabupaten Bengkulu Tengah

Jambu Village is one of the villages in Merigi Kelindang District, Central Bengkulu Regency. This village borders Penembang Village, which is one of the main tourist villages in Bengkulu Province. In efforts to develop and build a village, of course it cannot be separated from the village's potential. Mapping village potential is very important so that the implementation of village development can be in accordance with local characteristics and provide maximum results. The community service activities that will be carried out by the team from the Master of Applied Economics FEB Bengkulu University aim to explore and map the potential of Jambu Village regarding the development of tourist villages. The results of community service show that more than 50% of activity participants know and understand the socialization material about village potential for developing tourist villages in Jambu Village.

The future of agricultural and applied economics departments

AbstractAgricultural and Applied Economics departments in the United States have evolved to serve traditional and new stakeholders under the three‐legged land grant mission: extension, research, and teaching. Substantial shifts in the focus of faculty, sometimes matching demand from stakeholders and sometimes not, raise fundamental questions about their strategic direction. We argue agricultural and applied economics has a mission to solve problems, current and future, by working with physical sciences; specifically, the study of economic problems of the food supply chain and bioeconomy. By focusing on this mission, agricultural and applied economics will provide more value‐added to society and may even improve economics while doing so.

Some Basic Problems Existing in Current Applied Economics Papers

With the rapid development of economy and the acceleration of globalization process, the research results of applied economics papers are of great significance to guide economic practice and policy making. However, in reality, some basic problems are common in applied economics papers, which involve many aspects such as data collection and processing, model setting and selection, empirical analysis methods and interpretation of conclusions. This paper will sort out and analyze these problems in detail, aiming to improve the rigor and reliability of applied economics papers.

A Study of Global Trade War and Its Impact on Indian Economy

A Study of Global Trade War and Its Impact on Indian Economy

Edith penrose’s influence on economic analysis, strategic management and political economy

ABSTRACT Edith Penrose is best known for her classic book The Theory of the Growth of the Firm, originally published in 1959, but she also made major contributions in other fields, including patents, the oil industry, and development economics. This special double issue of the International Review of Applied Economics publishes recent research from a range of leading economists and management scholars from across the world, either explicitly analysing Penrose’s contribution, or else analysing topics from firms’ collaborations with universities through to the practice and consequences of share buy-backs, which demonstrate that a Penrosian perspective helps to illuminate the reality of such processes.

Reviewer Acknowledgements for Applied Economics and Finance, Vol. 11, No. 1

Applied Economics and Finance (AEF) would like to acknowledge the following reviewers for their assistance with peer review of manuscripts for this issue. Many authors, regardless of whether AEF publishes their work, appreciate the helpful feedback provided by the reviewers. Their comments and suggestions were of great help to the authors in improving the quality of their papers. Each of the reviewers listed below returned at least one review for this issue.Reviewers for Volume 11, Number 1 Ali Darub Al-Hiyali, University of Anbar, IraqFahri ÖZSUNGUR, Adana Science and Technology University, TurkeyGetamesay Bekele Meshesha, Ethiopian Civil Service University, EthiopiaIgor Matyushenko, School of Foreign Economic Relations and Touristic Business, UkraineJosephine Ofori Adofo, The World Bank, USAMagdalena Radulescu, University of Pitesti, RomaniaMarco Muscettola, Independent Researcher-Credit Risk Manager, ItalyNikoloz Chikhladze, Akaki Tsereteli State University, GeorgiaPayal Chadha, University of Wales Prifysgol Cymru, KuwaitRajeev Rana, APB Govt. P.G. College, IndiaSebastian Schich, Organisation for Economic Coopertaion and Development (OECD), FranceShaoshu LI, Cornell University, USA Nikki GibbsEditorial AssistantOn behalf of,The Editorial Board of Applied Economics and FinanceRedfame Publishing9450 SW Gemini Dr. #99416Beaverton, OR 97008, USAURL: http://aef.redfame.com

Making a difference through trusted, high‐quality research and statistics

AbstractAs applied and agricultural economists, Agricultural & Applied Economics Association (AAEA) members work to provide high quality research and data to inform policy decisions. How do we ensure that decision makers see, and use, our research findings or data in the policy formulation process that includes many actors? The paper provides a framework for how information flows during the policy process and a strategy for effective research and data built around five equally important attributes: relevance; quality; trust; diversity, equity, and inclusion; and communication. Examples illustrate how the attributes lead to high impact information and focus on two federal research and statistics agencies, the Economic Research Service and the Bureau of Economic Analysis. The paper concludes with strategies and examples of metrics to measure the impact of research and statistics.

The Political Economy Puzzle of Indian Agriculture: A Political Settlement Analysis

In their influential paper for the National Council of Applied Economic Research, Chatterjee and Kapur raised some fundamental questions about Indian agriculture and why it has not transformed with economic development. They identify six important ‘puzzles’ in Indian agriculture, one of which is the political economy puzzle. This puzzle refers to the fact that farmers have not been able to leverage their power of land and numbers to economically benefit themselves. The essay utilizes the political settlements framework to understand the underlying causes of this puzzle. Such analysis is important as it recognizes the historical and sociocultural traditions to explain the economic phenomenon of the backwardness of Indian agriculture.