Scott J. Wallsten
American Enterprise Institute
Network
Latest external collaboration on country level. Dive into details by clicking on the dots.
Publication
Featured researches published by Scott J. Wallsten.
Social Science Research Network | 2003
George R. G. Clarke; Scott J. Wallsten
Previous research suggests a correlation between income shocks and remittances (money migrants send to households in their home country). Data constraints, however, have prevented this research from dealing with endogeneity issues or estimating the degree to which remittances may insure against shocks. In this paper we construct a household-level panel dataset for Jamaica that includes not only remittance information, but also detailed information about damage incurred due to a major hurricane (Gilbert). The exogenous nature of the shock, the panel data, and the monetary estimates of damage allow us to address these gaps in the literature. We find, even controlling for household fixed effects and potential moral hazard problems by endogenizing hurricane damage, that remittances do act as insurance, but only partially: our parameter estimates suggest that remittances increased by only about 25 cents for every dollar of damage the hurricane inflicted on the household.
Review of Network Economics | 2004
Scott J. Wallsten; George R. G. Clarke; Luke Haggarty; Rosario Kaneshiro; Roger G. Noll; Mary M. Shirley; Lixin Colin Xu
Infrastructure industries-including telecommunications, electricity, water, and gas-underwent massive structural changes in the 1990s. During that decade, hundreds of privatization transactions valued at billions of dollars were completed in these sectors in developing and transition economies. While privatization has received the most attention, reforms also included market liberalization, structural changes like unbundling, and the introduction of new laws and regulations. To date, regulations have received far less attention than their potential economic effects warrant, largely due to lack of data. In order to address this problem, the authors set out to compile a comprehensive and consistent dataset through an extensive survey of telecommunications and electricity regulators in developing countries. The authors describe the surveys and the resulting database. The database of telecommunications regulations includes 178 variables on regulatory governance and content in 45 countries. The database of electricity regulations includes 374 variables in 20 countries.
Archive | 2005
Scott J. Wallsten; Katrina Kosec
Government policies are routinely subjected to rigorous cost analyses. Yet one of todays most controversial and expensive policies - the ongoing war in Iraq - has not been. The
Archive | 2003
Luke Haggarty; Mary M. Shirley; Scott J. Wallsten
212 billion allocated by the U.S. Treasury has been widely reported. But the real, direct economic costs include more than budgetary allocations. Other costs include lives lost, injuries, and lost civilian productivity of National Guard and Reserve troops mobilized for the conflict. The conflict, however, also has generated cost savings, especially in terms of resources no longer being used to enforce UN sanctions and people no longer being killed by Saddam Husseins regime. In this paper we monetize these direct costs and avoided costs of the war in Iraq, both todate and the total expected net present value of costs through 2015. Our estimates are imprecise. The data are not of high quality and every calculation requires a number of assumptions. In addition, we do not calculate indirect effects of the conflict, such as its impact on oil prices or other macroeconomic impacts, or certain intangibles, like the benefits of a stable democratically elected government in Iraq, should one emerge. Nonetheless, our best estimates suggests that the direct economic costs to the U.S. through August 2005 are about
Archive | 2011
Roger G. Noll; Scott J. Wallsten
255 billion, about
Journal of International Development | 2004
George R. G. Clarke; Katrina Kosec; Scott J. Wallsten
40 billion to coalition partners, and
Review of Network Economics | 2009
Scott J. Wallsten; Stephanie Hausladen
134 billion to Iraq. These estimates suggest a global cost to date of about
Archive | 2002
George R. G. Clarke; Scott J. Wallsten
428 billion. The avoided costs, meanwhile, are about
Economic Inquiry | 2006
George R. G. Clarke; Scott J. Wallsten
116 billion. We estimate that the expected total net present value of the direct costs through 2015 could be
International Journal of Industrial Organization | 2008
Scott J. Wallsten; Katrina Kosec
604 billion to the U.S.,