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Economics

University of Central Florida

Theses/Dissertations

2011

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State Income Tax A Double-Edged Sword, Karla Burgos Dec 2011

State Income Tax A Double-Edged Sword, Karla Burgos

HIM 1990-2015

States are facing tough economic times as a result of the housing market bubble exploding. States have been declaring budget deficits and major program cuts, since revenues have not kept up with expenditures and rainy day funds have been practically exhausted. State tax revenues have decreased, resulting from a decline in income tax revenues, one of the major sources of revenues for a large number of states (41 in total). A majority of these states have come to depend heavily on the revenue they collect from income taxes, which can represent as much as 40% of state tax revenue. This …


A Hedonic Analysis Of The Effect Of Expert Wine Ratings On Price And Retailer Profits, Kaitlin D. Neill Dec 2011

A Hedonic Analysis Of The Effect Of Expert Wine Ratings On Price And Retailer Profits, Kaitlin D. Neill

HIM 1990-2015

During the last few decades, economists have become interested in the wine industry and several of them have focused on the determinants of price. One characteristic that has been identified as an important determinant is expert wine ratings. Much of the previous research on this topic has focused on relating expert grades to the retail price of wine. Using proprietary data, this paper will test whether these grades influence retail prices as well as retailer profits and wholesale pricing. By analyzing an individual wholesale firm in South Florida and their distribution network, this paper determines the effect expert ratings have …


The Impact Of Oil Price Surges On Economic Growth, Valeria Restrepo Dec 2011

The Impact Of Oil Price Surges On Economic Growth, Valeria Restrepo

HIM 1990-2015

The objective of this research concerns identifying whether or not there is a relationship between oil price increases in a given quarter and the likelihood of a recession in the subsequent quarter. The data used is gathered from the St. Louis Fed's Fred II, the National Bureau of Economic Research, and the Energy Information Administration to generate modified variables. These variables are tested using a qualitative dependent variable, recession, in a binary choice model. The findings validated the assumption that oil prices do have a correlation with recessions, and that the relationship is a direct one. Based on the model, …


An Impact Evaluation Of U.S. Arms Export Controls On The U.S. Defense Industrial Base An Interrupted Time-Series Analysis, Aaron Condron Aug 2011

An Impact Evaluation Of U.S. Arms Export Controls On The U.S. Defense Industrial Base An Interrupted Time-Series Analysis, Aaron Condron

HIM 1990-2015

The United States Defense Industrial Base (USDIB) is an essential industry to both the economic prosperity of the US and its strategic control over many advanced military systems and technologies. The USDIB, which encompasses the industries of aerospace and defense, is a volatile industry - prone to many internal and external factors that cause demand to ebb and flow widely year over year. Among the factors that influence the volume of systems the USDIB delivers to its international customers are the arms export controls of the US. These controls impose a divergence from the historical US foreign policy of furthering …


Anatomy Of A Financial Center's Global Competitiveness In The Context Of Michael Porter's Model Of National Competitive Advantage A Theoretical Analysis, Josef Joachim L. Magpantay Aug 2011

Anatomy Of A Financial Center's Global Competitiveness In The Context Of Michael Porter's Model Of National Competitive Advantage A Theoretical Analysis, Josef Joachim L. Magpantay

HIM 1990-2015

Throughout history, a number of financial centers have risen and fallen. While the significance of some centers have deteriorated, a small number of centers have emerged as today's leading financial centers by meeting a specific set of necessary conditions needed to successfully address the growing financial needs of the regions they are located. Furthermore, an even smaller number of financial centers have been able to sustain and expand their initial dominance in the financial industry by continuously satisfying a more focused set of conditions and factors. This thesis focuses on adapting Michael Porter's Diamond Model in determining, clustering, and expanding …


The Battle Between Multinaional Sic] Tax Avoidance And Corporate Competitiveness, Nico Koop May 2011

The Battle Between Multinaional Sic] Tax Avoidance And Corporate Competitiveness, Nico Koop

HIM 1990-2015

In the past decade, there has been a significant decrease in US corporate tax revenues. Multinational companies have been employing several different techniques of tax avoidance to get around paying corporate taxes. Tax avoidance is used by any large multinational corporation for a variety of reasons. The US has one of the highest corporate tax rates in the world and is seeing many companies relocate their operations abroad to lower their tax expenses. The different methods of tax avoidance are discussed in this thesis, as well as the different reasons behind their use. To understand how companies implement tax avoidance …


Determinants Of Exchange Rate Hedging An Empirical Analysis Of U.S. Small-Cap Industrial Firms, Zachary M. Lehner May 2011

Determinants Of Exchange Rate Hedging An Empirical Analysis Of U.S. Small-Cap Industrial Firms, Zachary M. Lehner

HIM 1990-2015

Using a sample of 141 U.S. small-cap industrial firms, I examine the firm characteristics that influence its use of foreign exchange derivatives to hedge exchange rate risk. Companies in the industrial sector produce goods and services that are used for the production of another final product. The performance of this sector is closely correlated to the level of demand from the final consumer. I find firm size, the amount of foreign sales, and firm liquidity influence the firm's decision to use foreign exchange derivatives to hedge exchange rate risk. For those firms that hedge exchange rate risk using derivatives, a …


Three Essays On Applications Of Intrahousehold Resource Allocation Models, Santikorn Pamornpathomkul Jan 2011

Three Essays On Applications Of Intrahousehold Resource Allocation Models, Santikorn Pamornpathomkul

Electronic Theses and Dissertations

This dissertation consists of three chapters on the topic of intrahousehold resource allocation models. The first chapter tests the unitary and general collective models of intrahousehold resource allocation for various household compositions. I find that, for the quasiquadratic Engel curve specification, the overall results support the previous findings in the literature that the unitary model fails to explain how resources are allocated for all household types. However, when using the QUAIDS specification, the results can reject the unitary model only for smaller-sized households. The general collective model, on the other hand, cannot be rejected in either quasi-quadratic or QUAIDS and …


The Impact Of Continuing Education Modules On The Moral Obligations And Responsibilities Of Financial Advisors, Sandy Modell Jan 2011

The Impact Of Continuing Education Modules On The Moral Obligations And Responsibilities Of Financial Advisors, Sandy Modell

Electronic Theses and Dissertations

Increased life expectancies and a significant reduction in the number of corporate pension plans nationwide have made the prospects of retirement a challenge for many of us. The burden of funding retirement will move from the corporation or government to the individual. Those individuals with limited financial experience will most likely need the guidance of a financial advisor. Can we trust and rely upon them? Following the 2004 late trading scandal and the 2008 financial meltdown, the Financial Industry Regulatory Authority ("FINRA") implemented Continuing Education requirements at the advisor level. The intent was to improve the quality and integrity of …


Perceptions And Their Role In Consumer Decision-Making, Raman Khaddaria Jan 2011

Perceptions And Their Role In Consumer Decision-Making, Raman Khaddaria

Electronic Theses and Dissertations

This dissertation is an empirical investigation into the roles that different quantifiable and measurable perceptions play in defining individual behavior across a variety of decision-making contexts. In particular, the focus lies on smokers and the choices they make with regard to smoking and beyond. Chapter 1 analyzes a nationally representative sample of adults (23 years and older) in the United States, pertaining to the Annenberg Perception of Tobacco Risk Survey II (1999-2000). It is observed that three dimensions to smoking behavior viz., risk, temporality and addiction, interact to determine the smoking status of an individual. Although previous studies mostly looked …


Quantifying The Impacts Of The 2007 Economic Crisis On A Local Tourism Industry And Regional Economy, Yun Ying Zhong Jan 2011

Quantifying The Impacts Of The 2007 Economic Crisis On A Local Tourism Industry And Regional Economy, Yun Ying Zhong

Electronic Theses and Dissertations

The purpose of the study is to explore the accuracy of the Input-Output model and its derivative, the Occupation-Based model in investigating the impacts of the 2007 economic crisis on the tourism-related industries and the local economy in the Metro Orlando Area, Florida. The 2007-2008 total visitor expenditure change is taken as an initial shock from the economic crisis on the region's tourism-related industries, and the total impacts are measured in terms of industry output (sales), employment and annual occupational wage. The estimation results are compared with the actual data to verify the accuracy of the modeling results. Paired-sample T …