Best of #econtwitter - Week of July 24, 2022 [1/4]
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Best of #econtwitter - Week of July 24, 2022 [1/4]
Welcome readers old and new to this week’s edition of Best of Econtwitter. Please submit suggestions — very much including your own work! — over email or on Twitter @just_economics.
This is part one of four.
Paper summaries
Fellow denizens of #EconTwitter may have seen this tweet going around a few days ago claiming the end of Arrow's Theorem, Here a tweet thread explaining why it's basically not true. Also in blog form!
maximumprogress.substack.com/p/arrows-impos…
Konstantin Sonin @k_sonin
^TLDR: Borda count avoids vote-splitting (i.e., under a fixed slate) but still has the cloning problem. Extremely good substack
🚨🚨 New working paper alert!🚨🚨 “Advertising and Self-Persuasion.” Short thread 👇 with an overview. 1/n Link to paper here: mnagler.ccny.cuny.edu/research/adjus…
Update to my weather IV paper. IV assumes effect of instrument on Y works only through instrumented variable X. But scientists have linked weather to 192 variables, which makes exclusion restriction assumption implausible. This plot is just for rainfall:
osf.io/preprints/soca…
Someone on here (I forget who I'm sorry) linked to this paper and it derives this statistical identity that is completely mind blowing and I want to tweet about it.
bias = data quality × data quantity × problem difficulty
statistics.fas.harvard.edu/files/statisti…
Is Duflo (2001) robust?
@davidroodman kicks the tires on perhaps the most influential study on the value of education for development.
arxiv.org/abs/2207.09036
Why are there so many small-scale vendors in developing country cities?
Some new evidence with Banerjee, @GregFisch, @deankarlan, @BenRothEcon: mattlowe.site/wp-content/upl… 1/
Public goods
I posted a slide I share w/ students of orgs that hire econ undergrads. Some asked for the slide, some suggested places. I am more seriously gathering this (bartonwillage.com/pages/Jobs.html).
Send suggestions.
If someone else has already done this, pls let me know.
1/3 Last year @DukeEcon PhD students launched the Graduate Mentorship Program – an opportunity for people from under-represented backgrounds in Economics to get advice on the PhD application process from current PhD students. This year it’s back! The deadline to apply is Aug 25
Sarah Raviola @sarahraviola
^believe there’s a Harvard-MIT program like this too, but lost the link
We are very happy to announce that the JST Macrohistory Database is now updated with annual data until 2020! It contains long-run macroeconomic and financial series for 18 advanced economies starting in 1870! A 🧵 on the major updates:
macrohistory.net/database/
#EconTwitter
@emmarackstraw Hey Emma, Good job. Well, here's a short implementation for one event study per each DiD approach:
R version (see page 8):
kylebutts.com/files/did2s_ar…
Stata version: github.com/kylebutts/did2…
Hope it helps, for future work, all best.
Very happy to share the new update of the Historical Social Conflict Database, which now includes more than 20,000 events between 1100 and 1900:
unicaen.fr/hiscod
@pmaneuvre @MrshCaen
Interesting discussions
#EconTwitter:
I wish I had seen this one-pager 📄 on how to write excellent papers while I was doing my Ph.D.: scholar.harvard.edu/files/shapiro/…
Jesse Shapiro suggests doing this in 4 steps.
Here is a summary. 🧵
