Curbing environmental pollution is a key priority in China as reflected in the adoption of policies such as “New Normal” and the takeover of environmental enforcement by the top leadership of the central government in 2015. In this paper, we use a dataset of publicly-traded firms in the Shanghai and Shenzhen stock exchanges and the event study methodology to gauge the reaction of the investor class to the new environmental enforcement regime. Our results indicate that, together, the announcement and implementation of the new enforcement regime spurred a significant decline of over $29 billion...
Published in the Vanderbilt Journal of Transnational Law with Daniel Chow, Moritz College of Law, Ohio State University. Article is an evaluatuion of current US trade policy, the conclusion being that strict reciprocity is both impossible and goes against bais economic concepts.
The United State Department of Agriculture (USDA), on March 6 th , forecasted U.S. net farm income for 2019 to increase 10% from last year, from $63.1 billion in 2018 to $69.4 billion in 2019. This forecast is a positive sign to producers after a drop in farm income in 2018. The first forecast of the year has historically been lower than the final estimate. Current projections by USDA and FAPRI have farm income remaining below the 90-year average in 2019, but also through the majority of the projection period. Adjusting for inflation, net farm income remains roughly $20 billion below the 18-...
Dinterman, R. and A.L. Katchova. “Property Tax Incidence on Cropland Cash Rent.” Applied Economic Perspectives and Policy, 2019. https://doi.org/10.1093/aepp/ppz004
"Economic and Legal Analysis of Climate Policy and Border Tax Adjustments: Federal vs. State Regulation"
Discussion of whether or not border tax adjustments for state-level climate policy would survive federal and international legal challenges. Published in "The Ohio State Law Journal"
Nationally, Ohio ranks 15th in per pupil spending. Even though Ohio does a better job than almost all other states in directing school funding to poor and minority students, a new study by researchers with The Ohio State University’s C. William Swank Program in Rural-Urban Policy shows there is still much to be done to achieve funding adequacy and equity across school districts in Ohio.
Farm Income Enhancement Program Poster prepared for the OSU Community Engagement Conference, January 23-24, 2019.
This Andersons Policy Bulletin examines the underlying causes of the US trade deficit, and why current trade policy is not the right fix.
Chapter 12 bankruptcy filings have been fairly stable over the past few quarters and have stabilized to around the same levels as when chapter 12 became a permanent fixture of the bankruptcy code in 2005. The US experienced elevated levels of chapter 12 filings towards the end of 2009 through mid-2012, but aside from the second quarter of 2017 there has not been a quarter with more than 150 chapter 12 bankruptcies filed and that is a good sign for the agricultural sector. In general, the second quarter, which consists of the period between April 1st and June 30th, is the quarter that...
Discussion of the economic and political costs of US withdrawal from Trans-Pacific Partnership. Published in "The University of Pennsylvania Journal of Law & Public Affairs", and co-authored with Daniel Chow (Moritz School of Law, Ohio State) and William McGuire (University of Washington, Tacoma)