Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however, how many jobs this boom has created. Using time-series methods at the national level and dynamic panel methods at the state level to understand how the increase in exploration and production activity has impacted employment, this paper finds robust statistical support for the hypothesis that changes in drilling for oil and gas as captured by rig counts do, in fact, have an economically meaningful and positive impact on employment.
Mark Agerton, Peter R. Hartley, Kenneth B. Medlock III, Ted Loch-TemzelidesAugust 22, 2014
The March 2013 election of Argentine Cardinal Jorge Bergoglio as the pope of the Roman Catholic Church has noticeably affected politics in Argentina, where 77 percent of the population is Catholic.
By Pablo Ava, professor, Universidad de Buenos Aires School of Law, and 2008 Americas Project Fellow
This paper examines the effects of a U.S. Supreme Court ruling that a one-time retroactive British “Windfall Tax” levied on 32 public utilities that were privatized between 1984 and 1996 was eligible for the US foreign tax credit (FTC). The decision could have far-reaching implications for the creditability of taxes that are not ordinarily thought to be income taxes, including various cash-flow business taxes that are key elements of several proposals recommending replacement of the income tax with a consumption-based tax.
Charles E. McLure, Jr., Jack Mintz, George R. ZodrowAugust 20, 2014
Academic mobility is critical for robust collaborations in education, research and innovation between the U.S. and Mexico. Governments in both countries, in cooperation with nongovernmental actors, should provide a framework to develop mechanisms that generate and sustain a meaningful exchange of students, faculty, and staff from educational institutions at all levels of post-secondary education.
Governments of the Caribbean Community and Common Market (CARICOM) have called for a discussion on the decriminalization of marijuana after a pilot study found that legalized medical marijuana sales could boost the region’s ailing economies. As a result, the topic was an important agenda item at a CARICOM Inter-Sessional Heads of State Summit held in March 2014. Two aspects of decriminalization were discussed: decriminalization for medical use and decriminalization for recreational use.
Fellow Joe Barnes looks at the kerfuffle arising from former secretary of state Hillary Clinton’s critical — much-publicized — response to President Obama’s description of his foreign policy as “don’t do stupid stuff.”
Economic growth in recent years has not translated to improvements in the quality of life for most Peruvians. On the contrary, it has shed light on the inaccessibility of basic needs such as education, health care, employment, better remuneration, and implementation of projects that generate resources or jobs, as well as environmental concerns related to the extractive activities in the nation. In addition to these concerns, the high rate of corruption and urban insecurity generates a perception of uncertainty that if not properly addressed could exacerbate crisis situations in different regions of the country.
Achieving the decentralization of citizen responsibility is the biggest challenge not only in waste management but also in public services as a whole. This type of decentralization refers not to the transfer of government functions to citizens, but rather to the need for the citizen to see herself as an active participant in the urban system.
States with large African-American populations are more likely to have harsher incarceration practices, worse conditions of confinement and tougher policies toward juveniles compared with other states, according to a study led by Katharine Neill, the Alfred C. Glassell III Postdoctoral Fellow in Drug Policy.
Katharine Neill Harris, Juita-Elena (Wie) Yusuf, John C. MorrisAugust 13, 2014
In Latin America and the Caribbean, rural to urban migration over the past few decades has led to an important demographic transition. In 2010, the urban population was estimated around 79.4 percent and is expected to reach close to 90 percent by 2050.
As people concentrate in urban areas, cities will have to manage and deal with increased social, economic and environmental pressure. Already, food security presents itself as a priority, given that millions of people in the region face hunger and malnutrition.