El Plan Nacer es un programa del Ministerio de Salud de la Nación Argentina que invierte recursos con el objetivo de mejorar la cobertura y calidad de los servicios de salud en niños menores de seis años, mujeres embarazadas y puérperas que no poseen obra social. La novedad del mismo radica en la generación de un seguro público de salud para la población materno-infantil sin cobertura social y en la aplicación de un modelo de financiamiento basado en resultados. Este trabajo investiga los efectos del Plan Nacer sobre la mortalidad infantil en la Argentina siguiendo un enfoque no-experimental, basándose particularmente en la metodología de diferencias en diferencias, que consiste en la comparación de condiciones sanitarias entre poblaciones inscriptas y no inscriptas al programa, antes y después de su implementación. La fuente principal de variación es la participación en el programa a nivel departamental. El análisis de impacto realizado considera el caso de un tratamiento en donde las unidades bajo programa están sujetas a distintos grados de exposición al mismo. Los resultados encontrados indican que el Plan Nacer genera una reducción de la tasa de mortalidad infantil. El resultado es ambiguo si se divide a la tasa de mortalidad infantil entre la tasa de mortalidad neonatal, y la tasa de mortalidad post-neonatal: mientras que el Plan tiene un impacto negativo sobre la segunda, no ocurre lo mismo con la primera. Además no parecería existir un efecto del programa sobre la tasa de mortalidad materna.

This paper empirically investigates the propagation of business sentiment within the European Union (EU) and adds to the literature on shock absorption via a common market's real economy. To this end, we combine EU-wide official business sentiment indicators with world input-output (IO) data and information on indirect wage costs. Econometrically, we model interdependencies in economic activities via IO-linkages and apply space-time models. The resulting evidence provides indication for the existence of substantial spillovers in business sentiment formation. Accordingly, and highlighted by the estimated impacts of changes in indirect labor costs, policy reforms aiming at increasing the resilience of the European single market need to take these spillovers into account in order to increase its effectiveness. / Series: Department of Economics Working Paper Series

While linkages between some macroeconomic phenomena (e.g. unemployment, GDP growth) and suicide rates in some countries have been explored, only one study, hitherto, has established a causal relationship between fiscal consolidation and suicide, albeit in a single country. This study examines the impact of budget consolidation on suicide mortality across all Eurozone peripheral economies, while controlling for various economic and sociodemographic differences. The impact of fiscal adjustments is found to be gender, age and time specific. In particular, fiscal consolidation has short-, medium- and long-run suicide increasing effects on the male population between 65 and 89 years of age. A one percentage point reduction in government spending is associated with an 1.39%, 2.35% and 2.64% increase in the short-, medium- and long-run, respectively, of male suicides rates between 65 and 89 years of age in the Eurozone periphery. These results are highly robust to alternative measures of fiscal consolidation. Unemployment benefits and substantial employment protection legislation seem to mitigate some of the negative effects of fiscal consolidation on suicide mortality. Plausible explanations for these impacts are provided and policy implications drawn. (authors' abstract) / Series: Department of Economics Working Paper Series

Several studies suggest that the introduction of the Euro has triggered sizeable increases in intra-Euro area trade. In this paper we test whether these gains are distributed asymmetrically among Euro area countries with respect to country size. This hypothesis is motivated by Casella (1996), who postulates that small countries of a trade bloc gain more from its enlargement. We argue that the implications of this model do also apply to the introduction of a common currency and test for a small country bonus using aggregate trade data and disaggregated trade data at the SITC1, SITC2, and SITC3 level. The results suggest that there is indeed strong evidence for a small country bonus with respect to the gains from trade after the introduction of the Euro. On average, the Euro triggered a reallocation of intra-Euro area exports to small countries by some 6 percent. / Series: EI Working Papers / Europainstitut

It is increasingly acknowledged that the proper objective of government efforts towards economic development should be aimed at improvements beyond simple measures of growth, poverty and inequality towards richer measures of human well-being. Herein, the economic and non-economic quality of life, as well as the quantity of life, becomes important indicators. Economists and other social planners therefore need to develop more meaningful indicators of the quality of life. Objective and subjective indicators of the quality of life can be distinguished. For various reasons, this thesis will focus on the search for more meaningful objective indicators of the quality of life. One of the most wellknown objective indicators of quality of life is the Human Development Index (HDI). There is, however, a growing dissatisfaction with the HDI. In this thesis, two recent methodological advances in the measurement of quality of life are applied and combined and, in particular, in the measurement of the non-economic quality of life, to the sub-national quality of life in South Africa. As such, this thesis’ contribution is twofold. First, it investigates the extent to which the quality of life differs within a developing country, as opposed to most studies that focus on either inter-country differences in quality of life, or studies that focus only on spatial inequalities within countries using a restricted set of measures such as per capita income or poverty rates and headcounts. Secondly, this thesis applies a recent methodology proposed by McGillivray (2005) to isolate the non-economic (non-monetary) quality of life in various composite indices and to focus on the non-economic quality of life across 351 South African magisterial districts Indices for the non-economic quality of life are compiled for geographical quality, for demographic quality, and based on the human development index. Furthermore, given that composite indices used in the construction of measures of quality of life consist of weightings of multiple proxies, this thesis implements the method of Lubotsky and Wittenberg (2006) which proposed a new estimator for the case where multiple proxies are to be used for a single, unobserved variable such as quality of life. This thesis establishes that when the non-economic quality of life of the demographic index is considered, the top ten regions in 1001 were as follows: Pretoria, Johannesburg, Soweto, Port Elizabeth, Durban, Inanda, Pietermaritzburg, Wynberg, Mitchellsplain and Vanderbijlpark. It is important to note that, when interpreting these results, one should take caution since variables such as the number of people, number of households etc. is included in this index and as a region grows in population size the more negative consequences such as a higher crime rate can be associated with the particular region. The top ten regions in which to reside in 1004 as determined by the geography quality of life index were: Calvinia, Gordonia, Namaqualand, Kenhardt, Carnarvon, Ubombo, Williston, Hlabisa, Ceres and Ingwavuma. This geography index measures a region's natural beauty which, according to Wey (2000), contributes positively to one's perceived quality of life. Considering changes in non-economic quality of life indices between 1996 and 2004, the conclusion can he drawn that the South African government has been successful to a certain degree in addressing non-economic quality of life. Social policies such as health care, education, housing, water and sanitation appear to have had a positive effect on people's perceived non-economic quality of life in areas that were relatively deprived in 1996. / Thesis (Ph.D. (Economics))--North-West University, Potchefstroom Campus, 2007

This paper evaluates the monetary and macroprudential policies that mitigate the procyclicality arising from the interlinkages between current account deficits and financial vulnerabilities. We develop a two-country dynamic stochastic general equilibrium (DSGE) model with heterogeneous households and collateralised debt. The model predicts that external shocks are important in driving current account deficits that are coupled with run-ups in house prices and household debt. In this context, optimal policy features an interest-rate response to credit and a LTV ratio that countercyclically responds to house price dynamics. By allowing an interest-rate response to changes in financial variables, the monetary policy authority improves social welfare, because of the large welfare gains accrued to the Savers. The additional use of a countercyclical LTV ratio that responds to house prices, increases the ability of borrowers to smooth consumption over the cycle and is Pareto improving. Domestic and foreign shocks account for a similar fraction of the welfare gains delivered by such a policy. (authors' abstract)

Past focus in the panel gravity literature has been on multidimensional fixed effects specifications in an effort to accommodate heterogeneity. After introducing conventional multidimensional fixed effects, we find evidence of cross-sectional dependence in flows. We propose a simultaneous dependence gravity model that allows for network dependence in flows, along with computationally efficient Markov Chain Monte Carlo estimation methods that produce a Monte Carlo integration estimate of log-marginal likelihood useful for model comparison. Application of the model to a panel of trade flows points to network spillover effects, suggesting the presence of network dependence and biased estimates from conventional trade flow specifications. The most important sources of network dependence were found to be membership in trade organizations, historical colonial ties, common currency and spatial proximity of countries. / Series: Working Papers in Regional Science

Thesis (Ph.D. (Economics))--North-West University, Potchefstroom Campus, 2007.

This paper examines the history of nuclear energy, safety developments of reactors and nuclear energy policy from the 1950s on. I investigate the effects of nuclear accidents on energy policy with the help of a panel dataset of 31 countries from 1965-2009, using annual data about the capacity of reactors under construction, primary energy consumption, as well as three nuclear accidents scaled INES five or higher by the International Atomic Energy Agency. After determining the extent of the accident impact in the different countries, I find that neither Three Mile Island nor Lucens had a worldwide negative effect on construction starts, while Chernobyl did. The effect of Chernobyl is however shown to wear-off in certain geographical clusters, after ten to thirty years. I find that nuclear capacity enlargement shows a significant persistence, but it was also driven by primary energy consumption in the past five decades. The effects of real interest rates, inflation, or gross domestic product on reactor construction were not found significant. Thus, an accident is likely to have a negative and long lasting impact in the country where it happened, and possibly in countries affected by the direct consequences, or where governments are subject to severe public pressure.It is difficult to estimate the consequences Fukushima is going to have on worldwide power plant constructions, but areas closer to the accident might be affected more negatively and for a longer time. Growing concerns of energy supply security and greenhouse gas emissions may counteract this impact at the legislative level. (author's abstract) / Series: Department of Economics Working Paper Series

In this paper we estimate space-time impacts of the embeddedness in R&D networks on regional knowledge production by means of a dynamic spatial panel data model with non-linear effects for a set of 229 European NUTS-2 regions in the period 1999-2009. Embeddedness refers to the positioning in networks where nodes represent regions that are linked by joint R&D endeavours in European Framework Programmes. We observe positive immediate impacts on regional knowledge production arising from increased embeddedness in EU funded R&D networks, in particular for regions with lower own knowledge endowments. However, long-term impacts of R&D network embeddedness are comparatively small.(authors' abstract) / Series: Department of Economics Working Paper Series