Media stories have raised concerns about Florida’s expansion of advanced trauma centers, with newly designated centers charging high trauma activation fees for relatively minor injuries, and Texas has experienced similar expansion in the last decade. In a new working paper, Chair in Health Economics Vivian Ho and her co-authors study the association between trauma center upgrades and patient outcomes — examining Texas commercial claims to track changes in spending, mortality, and readmissions of trauma patients
The authors conduct a step-by-step examination of various factors that were blamed for the extended power outage on the ERCOT electricity grid in February 2021. While no single factor fully explains the calamity, the bureaucratic failure in identifying and addressing risks along fuel supply chains was a major failure. Most proposed remedies do not fundamentally address what occurred. The authors make several recommendations, some of which have already been implemented.
Peter R. Hartley, Kenneth B. Medlock III, Shih Yu (Elsie) HungFebruary 2, 2022
Despite its massive geological endowment and receiving what could be considered the largest windfall in its economic history, Venezuela entered 2020 in the middle of an unprecedented economic crisis. The Covid-19 pandemic and turbulence in oil markets represent the latest in a string of problems that expose the country’s vulnerability.
Over a decade ago, the Inter-American Development Bank led an in-depth analysis of eight South American countries that profoundly influenced the understanding of political institutions and the policymaking process in Latin America. In 2018, the Baker Institute’s Latin America Initiative expanded the project to include four additional Central American countries: Honduras, Guatemala, El Salvador and Panama. These country reports, written in Spanish, are available below.
Hace casi una década, el Banco Interamericano de Desarrollo (BID) impulso un análisis sobre ocho países suramericanos que influyó profundamente el entendimiento de instituciones políticas y el proceso de formulación de políticas públicas en América Latina. El Latin America Initiative del Baker Institute amplió el análisis para incluir a cuatro países de Centro América: Honduras, Guatemala, El Salvador y Panamá. Estos ensayos forman parte del análisis sobre los países de Centro América.
Miguel Cálix Martínez, Julio RaudalesDecember 18, 2018
Texas' ERCOT ISO is used as a model for examining the costs of replacing fossil fuels by wind generation and storage, and for comparing wind power with generation based on nuclear and storage.
In this paper, author Peter Hartley examines the recent evolution of markets for LNG, focusing especially on the increasing amount of LNG being traded spot or under short-term contracts of less than four-years duration. Hartley argues that explanations for this increase, and other recent changes in LNG trading, imply that the proportion of LNG being traded under long-term contracts is likely to continue to decline and that the flexibility of long-term contracts for trading LNG is likely to continue to increase.
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