Research At SCEPA
U.S. Economic Performance and Alternative Labor Market Indicators
WORKING PAPER | Unemployment and employment rates are the conventional indicators used to measure economic and labor market performance.
"Give a Man a Fish..." And Foreign Aid
POLICY NOTE | The Millennium Development Goals effort can only be successful if it puts economies on paths to sustained growth.
Fiscal Deficits in the U.S. and Europe and the Link with Interest Rates
WORKING PAPER | This paper has revisits the question of whether rising deficits increase interest rates, and whether deficit-cutting (and balanced-budget) policies are conducive to economic growth.
An International Comparison of the Incomes of the Vast Majority
WORKING PAPER | There are well-known problems with traditional approaches to measuring well-being and the authors introduce a simple alternative.
Cycles and Trends in U.S. Net Borrowing Flows
WORKING PAPER | This paper discusses patterns of net borrowing by major “institutional sectors” in the U.S. economy.
Projected Benefits of the Doha Round Hinge on Misleading Trade Models
POLICY NOTE | Projected welfare gains from trade liberalization are derived from global computable general equilibrium (CGE) models, which are based on highly unrealistic assumptions.
Do Surges in Less-Skilled Immigration Have Important Wage Effects?
WORKING PAPER | This paper reviews a small part of a vast professional literature on the labor market effects of new immigrants.
New Social Science Imperialism and Knowledge in Contemporary Economics
WORKING PAPER | The author argues that mainstream economics largely abandoned this theorem almost twenty years ago and has subsequently moved through two new methodological phases.
Pricing and Profits Under Globalized Competition
WORKING PAPER | This paper builds on Post Keynesian theory of markup pricing to outline the microfoundations of a theory of US economic hegemony in an age of global production networks.
Dynamic Gains from U.S. Services Offshoring
WORKING PAPER | There is a considerable debate about the welfare effects of offshoring for the U.S.
A Proposed Synthesis of Classical and Keynesian Growth
WORKING PAPER | The author posits combining the essential propositions of Keynesian-type and what he calls Classical-Type growth theories in a simple way.
U.S. Offshoring: Implications for Economic Growth and Income Distribution
WORKING PAPER | This paper assesses the effects of offshoring on income distribution and growth in the US and offers implications for developing countries and Latin America in particular.
State-Market Relations for a Globalized Economy
POLICY NOTE | This paper explores the relationship between government and society in an era of deindustrialization, globalization and rapid innovation.
Okun's Law and Jobless Growth
POLICY NOTE | This paper relates Okun's theory about economic growth and unemployment to the recent discussion on jobless recovery.
New Labor Market Indicators Issue 2
POLICY NOTE | This report analyzes the results of new indicators from our previous indicator report, for the early 2000s.
US Macro Imbalances
POLICY NOTE | In this context, “macro imbalances” are trends or cycles in net borrowing flows that may be strong enough to threaten the system’s stability unless offsetting policies are put into place.
New Labor Market Indicators Issue I
POLICY NOTE | This is the first report of the SCEPA Labor Market Indicators (LMI) project.