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Hernández-Murillo, Rubén

Works: 14 works in 23 publications in 1 language and 51 library holdings
Roles: Author
Classifications: HG221.F31,
Publication Timeline
Publications about Rubén Hernández-Murillo
Publications by Rubén Hernández-Murillo
Most widely held works by Rubén Hernández-Murillo
Did Right-to-Work Work for Idaho? by Emin M Dinlersoz( file )
3 editions published in 2003 in English and No Linguistic Content and held by 25 libraries worldwide
The Idaho legislature passed a right-to-work law in 1986. Idaho provides an interesting case study for the effects of the law because it adopted the law during a period in which unionization had already declined substantially in the United States. This paper provides evidence on the industrial organization consequences of right-to-work laws by jointly examining the trends in Idaho's unionization rate and industrial performance before and after 1986, using neighboring states as controls. The authors find that unionization declined substantially starting a few years before the passage of the law, and this decline persisted thereafter. Furthermore, the post-law growth rates in manufacturing employment and the number of establishments far exceeded their pre-law counterparts. As a result, Idaho gradually became more like an average right-to-work law state in terms of its unionization rate and the employment share of manufacturing, diverging from the patterns exhibited by states without a right-to-work law ... Cf.:
Tax competition and tax harmonization with evasion by Néstor Gandelman( Book )
3 editions published between 2000 and 2002 in English and held by 3 libraries worldwide
Spatial probit and the geographic patterns of state lotteries by Cletus C Coughlin( Book )
2 editions published in 2003 in English and held by 2 libraries worldwide
"We implement a spatial probit model to differentiate states with a lottery from those without a lottery. Our analysis extends the basic spatial probit model by allowing spatial dependence to vary across geographic regions. We also separate the spatial effects of neighbors versus non-neighbors. The methodology provides consistent and efficient coefficient estimation in light of the simultaneity in spatial dependence. We find evidence of spatial dependence and spatial heterogeneity in lottery usage, and we find that spatial patterns differ significantly by geographic region. The importance of spatial dependence in state lottery usage suggests the need to consider spatial effects in empirical models examining the use of any policy tool by subnational governmental units"--Federal Reserve Bank of St. Louis web site
Essays on economic competition among jurisdictions by Rubén Hernández-Murillo( Archival Material )
1 edition published in 2000 in English and held by 2 libraries worldwide
Nonlinear hedonics and the search for school district quality by Abbigail J Chiodo( Book )
2 editions published in 2003 in English and held by 2 libraries worldwide
"It is difficult to determining the value of better schools as it relates to children's outcomes; school value is often inferred from the increased money a parent has to pay to buy a house associated with a better school. However, isolating this effect is often difficult because better schools also tend to be located in nicer neighborhoods. Although recent work has been relatively successful at isolating this affect, this work has been limited in that it assumes a linear effect of schools on housing prices. In this paper, we examine this relationship, allowing for nonlinear effects and find that the premium for schools is nonlinear: There is no penalty for houses in worse-than average school districts but a strong premium for houses in better school districts. Our results suggest that previous studies have undervalued parents' willingness to pay for high-quality public schools, perhaps a side-effect of underestimating the degree of heterogeneity in parental preferences"--Federal Reserve Bank of St. Louis web site
Interjurisdictional competition with adverse selection by Rubén Hernández-Murillo( file )
1 edition published in 2012 in English and held by 2 libraries worldwide
Racial profiling or racist policing? : bounds tests in aggregate data by Rubén Hernández-Murillo( Book )
1 edition published in 2004 in English and held by 1 library worldwide
The diffusion of electronic business in the U.S. by Emin M Dinlersoz( Book )
2 editions published in 2004 in English and held by 1 library worldwide
"We provide a recent account of the diffusion of electronic business in the U.S. economy using new data from the U.S. Bureau of the Census. We document the extent of the diffusion in three main sectors of the economy: retail, services, and manufacturing. For manufacturing, we also analyze plants' patterns of adoption of several Internet-based processes. We conclude with a look at the future of the Internet's diffusion and a prospect for further data collection by the U.S. Census Bureau"--Federal Reserve Bank of St. Louis web site
The information content of regional employment data for forecasting aggregate conditions by Rubén Hernández-Murillo( Book )
2 editions published in 2004 in English and held by 1 library worldwide
"We consider whether disaggregated data enhances the efficiency of aggregate employment forecasts. We find that incorporating spatial interaction into a disaggregated forecasting model lowers the out-of-sample mean-squared-error from a univariate aggregate model by 70 percent at a two-year horizon"--Federal Reserve Bank of St. Louis web site
Experiments in Financial Liberalization : the Mexican Banking Sector ( file )
1 edition published in 2007 in English and held by 0 libraries worldwide
Since the liberalization of its trade in the mid-1980s, Mexico has pursued an aggressive globalization strategy, which today makes it the country with the most free trade agreements in the world. This liberalization strategy has also included the banking sector, particularly since 1997, when all restrictions to the entry of foreign banks were removed. The history of the banking sector in Mexico includes episodes of nationalization in 1982, privatization in 1992, and near-complete failure in 1995. Since then, however, the Mexican government has undertaken a series of bold reforms that have contributed to the modernization of its financial system. This paper documents the evolution of Mexico's banking sector starting from its nationalization in 1982 and culminating with the increased entry of foreign banks in recent years that has driven the recovery of bank credit to the private sector
Does consumer sentiment predict regional consumption? by Thomas A Garrett( file )
1 edition published in 2003 in English and held by 0 libraries worldwide
"This paper tests the ability of consumer sentiment to predict retail spending at the state level. The results here suggest that, although there is a significant relationship between sentiment measures and retail sales growth in several states, consumer sentiment exhibits only modest predictive power for future changes of retail spending. Measures of consumer sentiment, however, contain additional explanatory power aside from the information available in other indicators. We also find that by restricting our attention to fluctuations in retail sales that occur at the business cycle frequency we can uncover a significant relationship between consumer sentiment and retail sales growth in many additional states. In light of these results, we conclude that the practical value of sentiment indices to forecast consumer spending at the state level is, at best, limited"--Federal Reserve Bank of St. Louis web site
Strategic Interaction in Tax Policies Among States by Rubén Hernández-Murillo( file )
2 editions published in 2003 in No Linguistic Content and English and held by 0 libraries worldwide
Competition among governments differs in several respects from competition among private agents, in terms of both positive and normative implications. In this article the investigators test empirically for strategic interaction among states in the United States regarding the determination of tax rates on capital income using spatial econometric methods. They find that states have a positively sloped reaction function to the tax policies of rival states. This has important implications for the comparative statistics of the equilibrium configuration of tax rates, because changes in local exogenous variables have cascading effects into competing states' tax-setting policies. They also find that a state's size has a positive effect on tax rates
Strategic online-banking adoption by Roberto Fuentes( file )
1 edition published in 2006 in English and held by 0 libraries worldwide
"In this paper we study the determinants of the decision of U.S. banks to create a transactional website for their customers. We show that although bank-specific characteristics (such as the volume of deposits) are important, competition plays a prominent role. In more competitive markets banks are more likely to adopt earlier. Even more important, banks adopt earlier in markets where their competitors have already adopted. A contribution of this paper is to study the adoption decision over time using a panel of commercial banks. We also contribute to the literature by adapting a measure of competition related to the choices of competitors that a bank faces in each market"--Federal Reserve Bank of St. Louis web site
Spatial dependence in models of state fiscal policy convergence by Cletus C Coughlin( file )
1 edition published in 2006 in English and held by 0 libraries worldwide
"We apply spatial econometric techniques to models of state and local fiscal policy convergence. Total tax revenue and expenditures, as well as broad tax and expenditure categories, of state and local governments in each of the 48 contiguous U.S. states are examined. We extend work by Scully (1991) and Annala (2003) in much the same way that Rey and Montouri (1999) extended the literature dealing with income convergence among U.S. states. Our results indicate that most fiscal policies have been converging and exhibit spatial dependence. A more specific interpretation of our general spatial results is that the finding of spatial dependence indicates that the growth paths of state and local fiscal policies are not independent. In addition, we find that total expenditures have been converging faster than output, whereas total tax revenues have been converging slower that output. Our models further demonstrate that state expenditure growth is dependent upon expenditure growth in economically and demographically similar states, while output growth and revenue growth in a state are dependent on output growth and revenue growth, respectively, in contiguous states"--Federal Reserve Bank of St. Louis web site
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Alternative Names
Murillo, Rubén Hernández-
English (21)
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