Business & Economics in the News

Soda tax and soda price in Mexico

On November 9th, Jeffrey Grogger, the Irving Harris Professor in Urban Policy at the University of Chicago Harris School of Public Policy, presented his preliminary research on soda tax and soda price in Mexico as part of the Becker Brown Bag Series.  Mexico’s nine percent soda tax took effect on January 1, 2014.  In addition to taxing soda, fruit juices and waters with added sugars are also being taxed.  The Mexico soda tax is a straightforward example of price theory.  The tax raises the price and the higher price lowers consumption.  The lower consumption then ideally leads to lower weight and less chronic disease.

Professor Grogger’s research strives to answer two key questions that aren’t addressed by the theory:

  1. How much do prices rise?
  2. What happens if consumers substitute other caloric drinks for sodas?

Interested in exploring this topic further? View Professor Grogger’s presentation and his slides.

University of Chicago researchers also have access to Euromonitor data through Passport GMID.  Euromonitor’s category briefing on sugar confectionery in Mexico discusses the effect of the tax.  Consumption data is also available, although Professor Grogger noted in his presentation that consumption data varied greatly across different sources.

Questions? Ask us on Twitter, Facebook, or through our reference services.

 

 

The legacy of Chicago economics

chicago-econ-panel

Photo credit: Chicago Economics Through the Years | Becker Friedman Institute. Retrieved October 15, 2015, from http://bfi.uchicago.edu/feature-story/chicago-economics-through-years

On October 5th, the Becker Friedman Institute hosted The Legacy of Chicago Economics conference, where leading scholars in economics gathered together to discuss the impressive history of Chicago economics.  A complete list of speakers and the research they discussed can be found on the event page.  Video recordings taken during the conference will also be available soon.

The conference culminated with the Living the Legacy: Chicago Economics throughout the Years panel, which included prominent members of the Department of Economics and the Booth School of Business faculty.  In President Zimmer’s introduction, he shared the astounding fact that the panelists had a total of 229 years of experience.  The panel included three Nobel laureates and was chaired by fourth.

Selected bibliographies of all the panelists can be found on the Faculty Publications page of the Business and Economics research guide.  These bibliographies link directly to full text provided by the library.

The library also owns several print and electronic books discussing the Chicago school of economics, several of which are listed below.

The Special Collections Research Center holds the archives of Chicago Department of Economics records from 1912-1961. Documents from this collection were included in one of the conference presentations discussing the department deliberations that led to Milton Friedman being hired.

Questions? Ask us on Twitter, Facebook, or through our reference services.

 

The Business of China

This week’s “Black Monday” market crash clearly demonstrates how interconnected China’s economy is with the rest of the world’s economies.  The Economist‘s online article The Causes and Consequences of China’s Market Crash provides insight into what seems to have been the cause.  Chinese markets have remained volatile since the devaluation of the yuan on August 11.  The continued decline last week of the Shanghai Composite Index is suggesting that China’s industrial activity is slowing.  University of Chicago researchers interested in diving into China’s industry data to form their own analysis can do so with China Data Online.  Data for over 30 industry categories are available for general analysis going back until 1999.  Monthly statistics on output and production, top enterprises and market analysis by city and region are available as well, including statistics from 2015.

University of Chicago researchers can also search Factiva and EconLit for articles discussing business in China.

 

Questions? Ask a Librarian

 

Citation: (2015, August 24). The causes and consequences of China’s market crash.  The Economist. Retrieved from http://www.economist.com/news/business-and-finance/21662092-china-sneezing-rest-world-rightly-nervous-causes-and-consequences-chinas

 

What is the value of a brand?

Earlier this year, the question What is the value of a brand? was  answered on The Big Question, a video series created by Booth’s research magazine Capital Ideas.  An expert panel consisting of Professor Ann L. McGill and Professor Pradeep K. Chintagunta as well as Ann  Mukherjee, the president of global snacks and global insights at PepsiCo, discussed the function of brands, building a brand,  and measuring and increasing brand value.

University of Chicago researchers can learn more about brand value using the following resources:

  • eMarketer provides rankings by brand value across different different industries based on overall financial return to an organization’s investors, the brand’s influence on the generation of demand through choice, and the ability of the brand to create loyalty and keep generating demand and profit into the future.
  • Factiva allows you easily filter your search for content in the subject area of Branding.
  • Passport GMID covers a range of topics including brand divestment and provides  international brand share statistics and brand analysis.

Questions?  Ask a Librarian.

Words are data

Amy Merick’s article “Why words are the new numbers: the coming revolution of data analysis” appears in the latest issue of Chicago Booth’s Capital Ideas.  The article highlights the research of many Chicago Booth faculty in the area of text analysis.  The references will take you directly to a sample of related faculty publications. 

For a complete list of faculty publications with links please refer to the library guide Selected Bibliographies of Business and Economics Faculty.

Pain at the pump – tracking gas prices

Search any news site for gas prices and you are swamped with results.  There are a few sources for getting the data behind the news.  The U.S. Department of Energy provides current gas prices by region in addition to historical prices back to 1994.  To see how U.S. gas prices compare with other countries, use Passport GMID.   The data can be found using search, then select expand the menu for “transport and automotives,” and then select the countries to compare.  The lastest data in Passport GMID is 2010, but the data goes back to 1980.  The international units are in liters.

Chicago Booth professor’s new book on sports and the statistics behind them

Tobias Moskowitz, Fama Family Professor of Finance, recently published Scorecasting: The Hidden Influences Behind How Sports Are Played and Games Are Won

Scorecasting looks into the statistics behind sports and challenges notions such as home field advantage, “defense wins championships” and why the Cubs are (or aren’t) cursed. The book is currently on 24 hour reserve at Regenstein Library.  A selected bibliography of Professor Moskowitz’s work is available here.

You can find similar research in journal articles indexed in EconLit. “Sports and incentives” is a good starting point.

 

Anheuser-Busch takes over Goose Island

The Chicago Tribune reported on March 28 that Anheuser-Busch is taking over Goose Island.  To find out more about Anheuer-Busch and the beer industry, try out a few of the library databases found on the Business and Economics Research Guide.

To see a full history of the acquisitions of Anheuser-Busch, take a look in Mergent Online using the ticker symbol BUD. Mergent Online provides company financials and complete corporate histories of publicly traded companies.

Another source of information is market reports within Business Source Complete (BSC).  For example you can read the 102 page Breweries & Beer-Making Industry Report for 2011 that was found in BSC.