Digital Commons Network^™

Policy Behavior Of The Federal Reserve System: An Alternative Taylor Rule, Kara L. Binning

Senior Honors Theses and Projects

Taylor's Rule was designed to be a suggestion to the Federal Reserve System as to where to set the federal funds rate. The dynamic equation used in this study is built off the original Taylor Rule and variations of the Taylor Rule created by other economists, such as Judd and Rudebusch (1998) and Fair (2001). However, this model uses monthly data rather than quarterly data, and uses slightly different measures of the economic indicators used as the explanatory variables in the equation. The main objective of this study is to test for structural changes in the Federal Reserve's policy behavior …

Three Essays On Diversification Strategy, Diversification Performance, And Corporate Misconduct, Brandon Charles Lee Morris

Electronic Theses and Dissertations

The first essay investigates the relationship between diversification strategy and firm performance in the U.S. property-liability insurance industry. Prior literature has evaluated the effect of total diversification on insurer performance; however, there is an absence of evidence on the effect of diversification strategy for multi-line insurers. Theory suggests that related diversifiers should benefit from economies of scope while unrelated diversifiers should benefit from uncorrelated earnings streams. We test for the net effect of diversification strategy and find that relatedness negatively impacts accounting performance. However, we find that the relatedness penalty is confined to stock insurers while mutual insurers' profitability appears …

The Effects Of Country Of Origin Image And Patriotism On Consumer Preference For Domestic Versus Imported Beef, Thong Meas

Theses and Dissertations--Agricultural Economics

Country of origin (COO) effect is a well-researched topic in the international marketing literature. It is well recognized that consumers are biased against imports, due to consumer ethnocentrism or patriotism tendency. However, the research on COO effects also suggests that consumers form certain image of origin countries (COO image) and favorable image, be it associated with the countries, their people, or general product quality, improves the evaluation and acceptance of foreign imports.

The publications related to COO effects which focus on consumer durables are abundant. However, the contrasting COO effects on food products are much less investigated. This study surveys …

Pay-As-You-Go Electricity: The Impact Of Prepay Programs On Electricity Consumption, William M. Martin

Theses and Dissertations--Agricultural Economics

Prepay or pay-as-you-go programs are an increasingly popular type of rate plan offered by electric utilities. Under these plans, ratepayers must keep a positive balance at all times to avoid being automatically disconnected, they are charged daily for their usage, and they are provided with a means to monitor their consumption. One of the suggested benefits of these plans is that they allow electricity consumers to better manage their usage. Using household level monthly usage data from customers enrolled in prepay programs at two Kentucky rural electric cooperatives, we investigate whether there is a change in consumption after these customers …

Essays On The Value Of A Firm’S Eco-Friendliness In The Financial Asset Market, Muhammad S. Ahmadin

Theses and Dissertations--Agricultural Economics

This dissertation presents three different closely related topics on the value of eco-friendliness in the financial market. The first essay attempts to estimate hedonic stock price model to find a contemporaneous relationship between stock return and firms’ environmental performance and recover the value of investor’s willingness to pay of eco-friendliness. This study follows stock and environmental performances of the 500 largest US firms from 2009 to 2012. The firms’ environmental data come from the Newsweek Green Ranking, both aggregate measures: green ranking (GR) and green score (GS), and disaggregate measures: environmental impact score (EIS), green policy and performance score (GPS), …

La Contribución De Las Instituciones En El Crecimiento De La Industria Cinematográfica En Colombia Entre 1998 Y 2007, María Fernanda Rangel Santos

Economía

No abstract provided.

Análisis De La Descentralización Fiscal Y Administrativa En Las Localidades De Bogotá Desde 2000 Hasta 2012, Daniel Fernando Lozano Toscano, Mauricio Fernando Moreno Infante

Economía

No abstract provided.

Observing Academic Performance Based On Increased Educational Spending: An Assessment Of The Fedex Center At The University Of Mississippi, Matthew Williams

Honors Theses

In 2007, the FedEx Student-Athlete Academic Support Center, a renovation from the Starnes Center, was completed at the University of Mississippi to provide student- athletes a facility to improve academic performance in the classroom. FedEx donated $2.5 million to the project, covering half of the total expenditure. This private funding presents an opportunity to study how increased spending on education affected performance amongst student athletes in the classroom. Using semester-by-semester GPA of student-athletes and graduation rates from 2003 to 2009, it is possible to identify which students were exposed to the new facilities and thus, able to assess the effect …

La Ciudad Parque La Felicidad: Un Análisis Sobre Los Precios Del Suelo En Sus Alrededores, Lina María Díaz Orozco, Heissmy Lorena Mora Torres

Economía

Explicar el precio del suelo ha transitado de estudios económicos productivos a la función social en el espacio urbano. En particular en los alrededores del proyecto La Ciudad Parque La Felicidad, que actualmente se encuentra en construcción en Bogotá por características como ubicación o distancia a centros de interés común hace dar una idea más real de los determinantes del precio del suelo urbano. En esta investigación se realiza un análisis espacial y se especifica una función de precios hedónicos en función de la distancia a vías principales, centros de abastecimiento, bienestar social, prostitución, cultura, deportivos y educativos, así como …

The Currency Union Effect On Trade: The Role Of Financial Development, Walker Lee Messer

Honors Theses

The effect of currency union formation on trade growth may depend on an economy's level of financial development. Economies with lower levels of financial development have less capacity to hedge exchange rate risk, are susceptible to hysteresis, and have little to overcome the large fixed costs of entering foreign markets. These barriers may be partially overcome through the use of common currencies. Economies with high levels of financial development may already be capable of overcoming these barriers to trade and will likely not gain significant trade from common currency formation. This paper tests the hypothesis that the currency union effect …

"The Effects Of Competition Policy Changes On International Trade And Export Flows: Canada Case Estimates", Rubin Luniku

Wayne State University Dissertations

ABSTRACT

THE EFFECTS OF COMPETITION POLICY CHANGES ON INTERNATIONAL TRADE AND EXPORT FLOWS: CANADA CASE ESTIMATES

by

RUBIN LUNIKU

May 2014

Advisor: Assoc. Professor Kevin Cotter

Major: Economics

Degree: Doctor of Philosophy

This dissertation investigates whether changes in a country's competition policy affect the flow and direction of its international trade, particularly its exports. We use a monopolistic competition model of trade, which predicts that an increase in domestic firms, resulting from the adoption of a stricter competition policy, has a positive impact on trade volume, including an increase in exports. We empirically test this hypothesis for 14 Canadian manufacturing …

Impact Of Health Expenditure On Economic Growth: A Comparative Study Of Developed And Developing Countries, Md. Zubair Zuven

Masters Theses

No abstract provided.

Deindustrialization In The American Labor Economy, 1960-2010, Joseph Camp

Masters Theses

No abstract provided.

Foreign Direct Investment Led Growth And Its Determinants In Sub-Saharan African Countries, Tewodros Zerihun Demelew

Masters Theses

Despite FDI's growth in Sub-Saharan African (SSA) countries, the evidence from earlier studies on FDI led economic growth and key determinants of FDI in SSA countries have been inconclusive. This paper provides up-to-date evidence on the question: does FDI lead to economic growth? And if so, what are the key determinants of FDI growth in SSA countries? In this study we use three estimation approaches, OLS with robust standard errors (robust regression), multi-level random-effects regression, and fixed-effects regression. The multi-level and fixed-effects regression are aimed to help us control for within-country and between-country effects. Based on a panel dataset for …

A Monetary Analysis Of Ghana: Examining The Relationship Between Monetary Policy, Price Stabilization, And The Real Exchange Rate, Nana Quaicoe

Masters Theses

The primary objective of this study involves evaluating the link between monetary policy, price levels, and the bilateral real exchange rate in Ghana. To make up for the sparse and inadequate monetary economics literature in Ghana, the study makes a substantial contribution by delineating between different monetary policy instruments. Using monthly data from 1992-2013, a Vector Error Correction Model (VECM) is developed for exploring and measuring the relationship between monetary policy, inflation rate, and the bilateral real exchange rate in Ghana. The growth of broad money supply (M2) and the Monetary Policy Rate are used as the principal monetary policy …