Best of #econtwitter - Week of April 11, 2021 [1/2]
Welcome readers old and new to this week’s edition of Best of Econtwitter. Thanks to those sharing suggestions, over email or on Twitter @just_economics.
This is part one of two, this week — part two is here.
Paper summary threads
Katherine Stapleton@KathAStapleton
A thought-provoking couple of days discussing the 'Future of Globalization' at the @nberpubs ITI conference & a pleasure to present my work with Michael Webb on automation & trade.
Some key findings and insights from Day 1:
Stephen Redding @ReddingEcon
Excited about the NBER Future of Globalization conference today and tomorrow: https://t.co/jimLceT7uQ. Live-streamed on the NBER's YouTube channel:
https://t.co/oaBfl4BVbF
6:49 PM · Apr 10, 2021
9 Likes
^thread concisely summarizing 7 new papers; followup thread on pandemic and climate change papers here
Sander Wagner@sanderwagner
Effects of Green Revolution 🌱✊ ?
Using DiD to look at differential adoption of high-yielding variants 📈🌽 shows:
- 10% ↗️ in 📈🌽➡️ 15% ↗️ in GDP & ↘️ fertility & mortality
- had 🌱✊ arrived 10 yrs later ➡️ dev world gdp ↘️17% & pop ↗️ 233 mill.
journals.uchicago.edu/doi/pdf/10.108…
3:20 PM · Apr 4, 2021
10 Reposts · 28 Likes
Jared Rubin@jaredcrubin
Now forthcoming at European Economic Review
"A Theory of Cultural Revivals"
w/ Murat Iyigun & @SerorAvner
In short: we present a theory of how culture can be molded by elites to prevent more efficient modes of production (that harm the elites) from becoming dominant
1/
5:48 PM · Apr 5, 2021
79 Reposts · 282 Likes
Lee Crawfurd@leecrawfurd
I instinctively dislike school uniforms but accept the argument they may help stop bullying. But is there any evidence?
This clever study from Japan uses variation in the development of the apparel industry as a natural experiment.
Uniforms were good!
sciencedirect.com/science/articl…
9:47 AM · Apr 9, 2021
30 Reposts · 152 Likes
Yphtach Lelkes@ylelkes
Cable news polarizes local newspapers. when Fox viewership increases (due to channel position) in a county, local newspapers start adopting the language of Fox News. research-collection.ethz.ch/bitstream/hand…
9:14 PM · Apr 5, 2021
127 Reposts · 336 Likes
Pseudoerasmus@pseudoerasmus
Periodic reminder: On a planetary scale, there was NO deindustrialisation in the period 1970-2010. whether expressed in terms of % of manufacturing employment or output. There was only spatial reallocation. If you believe there's been some since 2010 it could just be noise.
9:58 PM · Apr 5, 2021
112 Reposts · 396 Likes
Christian Wolf@ChristianKWolf
We just posted a new working paper on LP vs. VAR estimation of macro impulse responses. Comments very welcome, summary below!
scholar.princeton.edu
8:35 PM · Apr 5, 2021
55 Reposts · 272 Likes
Dirk Auer@AuerDirk
Everyone in the antitrust community should read Carl Shapiro's though-provoking piece: "Antitrust: What Went Wrong and How to Fix It".
Shapiro is a giant in the field of IO, but his diagnosis about the state of antitrust *law* does not ring true.
🧵
faculty.haas.berkeley.edu/shapiro/fixing…
1:16 PM · Apr 7, 2021
10 Reposts · 32 Likes
Benjamin Schoefer@Schoefer_B
.@PrestonMui&I finished new "Reservation Raises"
Output: a nonparametric agg labor supply curve at the ext margin (emp)
Find: high local, but small upward elasticities
Inputs: 2 custom surveys of reservation wages for ALL labor force groups,US+German GSOEP
eml.berkeley.edu/~schoefer/scho…
3:26 PM · Apr 9, 2021
2 Reposts · 27 Likes
Marianna Kudlyak@MariannaKudlyak
Ester Faia @ShabalinaKate & I are motivated by
- Human capital is task-specific
- Wealth relative to potential earnings matter
- Reallocation shocks are often occupation-specific (automation, restaurants going from in-dining to delivery) and rarely shut entire sectors
1/3
5:57 PM · Apr 9, 2021
7 Reposts · 33 Likes
Public goods
Melissa Dell@MelissaLDell
(3/n) We are releasing an open-source deep-learning powered library, Layout Parser, that provides a variety of tools for automatically processing document image data at scale.
Webpage: layout-parser.github.io
Arxiv: arxiv.org/abs/2103.15348
Github:
github.com
Layout-Parser/layout-parser
2:57 PM · Apr 8, 2021
337 Reposts · 1.38K Likes
Interesting discussions
Pseudoerasmus@pseudoerasmus
THREAD:
Why the Service Sector was HISTORICALLY the key to Development !
11:12 AM · Apr 6, 2021
129 Reposts · 521 Likes
Ben Golub@ben_golub
Our perceptions of some of the things we experience are deeply inaccurate. 🧵
Case 1: The vast majority of restaurants get few visits and go out of business quickly. This seems surprising because the typical restaurant you experience is busy and long-lived.
1/
1:27 PM · Apr 8, 2021
96 Reposts · 450 Likes
Donald Schneider@DonFSchneider
This is counterfactual blindness - when you ignore what was otherwise expected to occur. When you compare relative to the pre-TCJA forecast, growth, consumption, and investment improved - just as CBO said it would.
Harry Stein @HarrySteinDC
The 2017 tax law didn't grow the economy. At best, Trump just put his name on preexisting trends. https://t.co/L3tYGAEQCL
3:37 PM · Apr 6, 2021
6 Reposts · 28 Likes
Stuart Buck@stuartbuck1
Dramatic findings from a 45-year extrapolation are probably false regardless of any arithmetical error:
Neoliberal 🌐 @ne0liberal
Remember that paper from Moretti and Hsieh saying that if NYC, SF and SJ loosened their zoning laws to a normal level, US GDP would be 3-9% higher?
@bryan_caplan found an arithmetic error - the actual number should be that GDP would be **14-36%** higher!
https://t.co/58BtFXOUb4
9:15 PM · Apr 5, 2021
1 Repost · 5 Likes
Journal talk
Ray Fisman@RFisman
The @restatjournal numbers for 2020 are now out. 1,666 submissions, up 25% over 2019, and 70% since 2016. For papers sent for review, median decision is 86 days, down from 129 in 2016, despite increased volume. 1/2
direct.mit.edu
Review of Economics and Statistics 2021 Annual Report | The Review of Economics and Statistics | MIT Press
8:35 PM · Apr 6, 2021
20 Reposts · 122 Likes
Imran Rasul@ImranRasul3
At @jeea we examined 2020 submissions data to understand whether/how gender composition of authors changed over the pandemic. Aim is to inform journal policies and those of @eea.
Usual caveats. Here is what we found.
@ShellyJLundberg @erinhengel @sdellavi @jenniferdoleac (1/n)
6:33 AM · Apr 1, 2021
35 Reposts · 91 Likes
Sandip Sukhtankar@sandipz
Assorted reflections from a year of co-editing @JPubEcon
1/ Econ as a field venerates superstars, but there are *a lot* of good economists writing good papers everywhere! They may not be household names or #econtwitter stars, but that does not make their work any less meaningful
2:46 PM · Apr 7, 2021
18 Reposts · 290 Likes