The Incidence of the Payroll Tax in the United States

1975 ◽  
Vol 3 (1) ◽  
pp. 3-13 ◽  
Author(s):  
Jane H. Leuthold

This study uses quarterly U.S. time-series data to measure the extent to which the payroll tax is shifted onto labor in the United States. A nonlinear labor demand model relating hours of work to a tax variable and other explanatory variables is estimated using ordinary least squares. The main conclusion of the study is that labor in the United States does not bear the primary burden of the payroll tax.


Agro Ekonomi ◽  
2010 ◽  
Vol 17 (2) ◽  
Author(s):  
Muhammad Imam Ma'ruf

Corn has a strategic role and economic value in Indonesia, and has to be developed due to its position as the main source of carbohydrate and protein, raw material for food, feed, and biofuel industry. Aimed this research to determine the position of Indonesian com competitiveness in the international market in know the comparative advantage of Indonesian corn;factors that influence Indonesian com demand, and the integration between Indonesian corn market and the world com market. This research applys descriptive method The data used are time series data sourced from FAO, National Statistic Agency (BPS), and World Bank. Competitiveness is measured by the parameters of Revealed Comparative Advantage, Trade Specialist Ratio, Acceleration Ratio, and Market Penetration Index. The RCA, TSR, and AR analysis used data year 1988-2008, the MPI analysis used data year 1995-2008. Indonesian import corn demand is analyzed by OLS (ordinary least squares) multiple regression in the form of natural logarithm using data year 1980-2008, while market integration is analyzed by the unit root test, co-integration test, and Granger causality test using data year 1961-2008. The results shows that 1) the Indonesian corn competitiveness is low caused by the low production of Indonesian com; 2) Indonesian import corn demand is positively affected by the price of imported com and GDP of Indonesia, and negatively affected by the price of imported soybean and imported rice. Imported soybeans are complements of cornfor feed, while imported rice is the substitute of com for feed,' 3) There is no integration between the Chinese market and the Indonesian market because China is a country which re-export corn, there is integration between the United States market and the Indonesian market, as well as between Argentina's market and Indonesian market, but there is no causal relationship. The United States and Argentina market is not a dominant (leading) market in pricing of Indonesian Corn.market.



2009 ◽  
Vol 38 (2) ◽  
pp. 213-228 ◽  
Author(s):  
Jungho Baek ◽  
Won W. Koo ◽  
Kranti Mulik

This study examines the dynamic effects of changes in exchange rates on bilateral trade of agricultural products between the United States and its 15 major trading partners. Special attention is paid to investigate whether or not the J-curve hypothesis holds for U.S. agricultural trade. For this purpose, an autoregressive distributed lag (ARDL) approach to cointegration is applied to quarterly time-series data from 1989 and 2007. Results show that the exchange rate plays a crucial role in determining the short- and long-run behavior of U.S. agricultural trade. However, we find little evidence of the J-curve phenomenon for U.S. agricultural products with the United States’ major trading partners.



2002 ◽  
Vol 222 (5) ◽  
Author(s):  
Antje Mertens

SummaryIt is commonly known that every economy is faced with the problem of unevenly distributed labour demand changes across industries, occupations and regions. In competitive labour markets flexible wages and the mobility of labour would lead to a new equilibrium distribution of wages and employment. Regional or industrial unemployment dispersion in Germany is often blamed on a lack of wage adjustments and the lack of labour mobility when economic fortunes are not distributed evenly, but this hypothesis is hardly ever tested. This paper asks how wage reactions in Germany compare with responses in the United States using individual level data. As a first step labour demand shocks are estimated from employment time series data using deterministic detrending and the Hodrick-Prescott filter. These are then included in typical wage regressions based on micro data. The results propose that German labour markets are not as inflexible as simple evidence might suggest. Although wages are regionally only flexible in the United States, wages are found to react to industrial labour demand shocks in both countries. Especially for more experienced and therefore less mobile groups in the German labour market wages react to industrial labour demand shocks.



Author(s):  
P. Lynn Kennedy ◽  
Brian Hilbun

This paper seeks to determine the impact of the Australia-United States Free Trade Agreement (AUSFTA) on the flow of trade between Australia and the United States. To accomplish this, time series data were gathered for 10 SITC REV. 1(0-9) classifications for the years 1985-2009. These data were then sorted into three sub-classes (by direction of trade flow): 1) U.S. exports for that particular SITC class to Australia, 2) vice versa, and then 3) total trade volume for that particular sub-class between the two nations. These three classifications for each SITC class were then regressed against the explanatory variables of GDP (both Australian/U.S.), Population (both Australian/U.S.), the Relative Exchange Rate (AU$/US$), and a dummy trade agreement variable, AUSFTA. The results suggest that AUSFTA has been a greater trade creation catalyst for Australia than for the United States. In fact, for the United States, a greater level of trade diversion has been the result.



2021 ◽  
Vol 232 ◽  
pp. 02030
Author(s):  
Sevi Oktafiana Fortunika ◽  
Harianto ◽  
Suharno

Indonesia is the largest coffee producer in the world after Brazil, Vietnam and Colombia, but it was confronted with market problems. This paper, therefore, analysed the demand system as the position market for Indonesian coffee, either green bean or roasted coffee in the main importing countries such as Germany, Japan and The United States. The linear Approximate Almost Ideal Demand System (LA/AIDS) model was used to analyse the position of Indonesian coffee and its competitors. Time series data from 1996 to 2017 were obtained for the analysis. Empirical results indicated that most of the slope coefficients were statistically significant and in accordance with microeconomic theory. The variables of trade policy effected the Indonesian coffee trade. Indonesian green bean was found to be elastic in Germany, Japan, and The United States. Then, Indonesian roasted coffee was found to be inelastic in Japan. Indonesian green bean was a luxury good only in Germany, but Indonesian roasted coffee was an inferior good in Germany and The United States. Both Indonesian green bean and roasted coffee were a necessity in Japan. Almost Indonesian coffee substitute for Brazilian coffee and Colombian coffee, and complementary with Vietnamese coffee as its competitor.



2021 ◽  
Vol 9 (1) ◽  
pp. 61-69
Author(s):  
Puspi Wiranthi

This study aims to analyze Indonesia and Viet Nam price transmission as the main exporters of frozen yellowfin tuna to the United States (US) assuming that the market structure is oligopoly. Using monthly time series data of Indonesia, Viet Nam and US frozen yellowfin tuna prices with harmonized system code 03034200 from January 2006 to December 2018 and analyzed through an Asymmetric Error Correction Model (AECM), this study finds that both prices of Indonesia and Viet Nam are integrated to the US prices. Additionally, there are two-way causality relationships between both exporting countries as well as Viet Nam and the US. The short-term price transmission of Viet Nam has an asymmetrical effect on Indonesian prices while on the long-term, the price transmission among three countries occurs symmetrically which indicates that a competitive international market exists. Indonesia’s policy in increasing its market share in the US is not independent, but it is influenced by the price of Viet Nam as its main competitor. The findings of this study are relevant to fill the gap in the literature by providing a supporting evidence regarding price transmission between two main exporters to the US frozen yellowfin tuna market.



Author(s):  
Russell J. Dalton

Political scientists debate whether the Millennial generation is disengaging from politics in contemporary democracies. The ISSP surveys show that the generational decline in participation is largely limited to voting and other forms of partisan activity. At the same time, younger citizens are often more engaged in non-electoral activities, such as direct action, protest, and online participation. Time-series data for the United States disentangles the effects of life-cycle changes and generations. More recent generations display a clear decline in voting across the 1967–2014 period. In contrast, life-cycle increases in participation are more common for non-electoral activity. Both factors influence participation but in contrasting ways for different modes of action.



1981 ◽  
Vol 27 (2) ◽  
pp. 206-212 ◽  
Author(s):  
Lee H. Bowker

A recent article by David Biles reported a positive relationship between crime and imprisonment, using cross-sectional data from the United States, Australia, and Canada. This article extends his analysis, using two sets of time series data on crime and imprisonment rates for the United States as a whole. The unlagged correlations between the crime and imprisonment rates for 1941-57 and 1958-78 are not statistically signifi cant, but one of six lagged correlations from 1958-78 is significant, as are four of six from 1941-57. The inconsistency in correlation provides little guidance for the development of correctional policy. Considering these findings, William Nagel's support for a moratorium on prison construction takes on the color of a reasonable, and perhaps even conservative, reading of available policy and management data rather than a radical proposition for change.



2017 ◽  
Vol 46 (1) ◽  
pp. 44-48
Author(s):  
Madiga B Dastagiri

Since world market economies are dynamic, the responsiveness of export quantities to changes in international prices is of direct relevance in international economics. India has 12% share of world tea exports and is the seventh largest coffee producer in the world (2013–2014). This study analyses the exports and price growth rates, elasticity, instability and major global markets for Indian tea and coffee. The study was based on 24 years agricultural time-series data from 1990–1991 to 2012–2013. The study found that elasticity for coffee and tea was 61.4 and 13.5%, respectively. The destinations which account for the major share of exports for Indian tea are developed countries including Australia (18.7%), Russia (17.3%), and the United States (15.9%) and for coffee are Italy (28.7%), Germany (13.8%), and Belgium (7.6%). Based on an analysis of individual country elasticity and growth rates, India has comparative advantage to export to the Middle East, Europe, the United States, and Australia.



2021 ◽  
Vol 21 (02) ◽  
pp. 111-120
Author(s):  
Arifin Zainul ◽  
Nuhfil Hanani ◽  
Djoko Kustiono ◽  
S Syafrial ◽  
Rosihan Asmara

By 2045, Indonesia's population is expected to reach 321.4 million, the fifth largest in the world after China, India, Nigeria, and the United States. It is an excellent challenge for Indonesia to provide food in the future as it keeps pace with the rapid population growth. This study aims to analyze forecasting the basic conditions of Indonesia’s rice economy 2019-2045. The research data use time-series data from 1961-2018, including data from the Central Bureau of Statistics (BPS), Ministry of Agriculture/Pusdatin, Food and Agriculture Organization (FAO), International Rice Research (IRR), Department of Commerce, United States Department of Agriculture (USDA), and ASEAN Food Safety Information System (AFSIS). Data analysis using the simultaneous equations model approach. The results show that in 2019-2045 the projection of rice productivity in 2025 is 64,465 quintals per hectare; in 2035, it is 68,797 quintals per hectare, and in 2045 it is 77,462 quintals per hectare. In 2045, the projected land area is 27.64 million hectares. Although Indonesia is forecast to experience a rice surplus of 37.80 million tonnes in 2045, the projected rice production and domestic rice consumption level indicate the potential for rice imports of 15 million tonnes.



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