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Us Household Demand For Organic Fruit, Erik Nelson, John M. Fitzgerald, Nathan Tefft, John L. Anderson
Us Household Demand For Organic Fruit, Erik Nelson, John M. Fitzgerald, Nathan Tefft, John L. Anderson
Economics Department Working Paper Series
We estimate US household monthly elasticities of demand for some of the more popular organic fruits. To our knowledge, this is the first US-wide, multi-year analysis of price and income elasticities for various organic fruits. We calculate elasticities of demand for low-income, middle class, and rich income bracket households using three estimation techniques: two econometric methods and one machine learning method (least absolute shrinkage and selection operator (LASSO)). Demand estimates are based on Nielsen scanner data from approximately 60,000 households collected from 2011 to 2013. Generally, we find that own-price conditional and unconditional elasticities of demand for organic fruits are …
Building Research Skills In The Macalester Economics Major, J. Peter Ferderer, Gary Krueger
Building Research Skills In The Macalester Economics Major, J. Peter Ferderer, Gary Krueger
Faculty Publications
Economics majors at Macalester College have won numerous awards for their research papers, and this success has helped them land jobs in finance, consulting, and the nonprofit sector, as well as gain admission to top graduate programs. This article describes how the Economics Department at Macalester promotes economic research among its students.
Financial Sector Development And Agricultural Productivity, John J. Onoja
Financial Sector Development And Agricultural Productivity, John J. Onoja
Master's Theses
Global concern is rising about the performance of the agricultural sector in view of its integral role in poverty alleviation, economic development and meeting an ever-increasing nutritional demand. At the epicenter of the concern is declining productivity due to poor financial inclusion of the sector leading to low investment and returns to agriculture. A cursory examination of the existing literature on the subject reveals quite varied dimensions to the analysis of agriculture productivity-financial development nexus. Focusing on the role of financial sector development as a catalyst to agricultural productivity, we employ panel data and advances fixed-effects econometrics approach to empirically …
The Retirement Strategy Of Supreme Court Justices: An Economic Approach, Kayla M. Joyce
The Retirement Strategy Of Supreme Court Justices: An Economic Approach, Kayla M. Joyce
Honors Scholar Theses
Previous research has identified strategic behavior in the nomination, confirmation, and retirement processes of the Supreme Court, each independently. This paper analyzes the interaction between the justices, the president, and the Senate in these processes. I constructed a game theoretic model to consider the nomination and approval process of Supreme Court justices and the change in dynamics that might result from an impending election. I hypothesize that sitting justices take into account the party affiliations of the president and the Senate when they are deciding whether it is the optimal time to retire to achieve their own strategic objectives. The …
Does Where You Grow Up Affect Your Chances Of Being Drafted Into The Nfl?, Walker Head
Does Where You Grow Up Affect Your Chances Of Being Drafted Into The Nfl?, Walker Head
Georgia College Student Research Events
The minimum rookie salary in the National Football League (NFL) is $450,000. First round picks often sign multi-year contracts worth more than $10 million. Players from some states are much more likely to receive college scholarships and eventually be drafted into the NFL, but it is not clear if this is a causal relationship. Utilizing data from Rivals and the NFL, I attempt to determine if where a player grew up has an impact on his chances of being drafted to play professional football. I focus on the top eight states, as it relates to percentage of recruits and my …
Modelling Public-Education Spending Vs. Allocation As Independent Factors Of Educational Outcomes, Kevin Tasley
Modelling Public-Education Spending Vs. Allocation As Independent Factors Of Educational Outcomes, Kevin Tasley
Undergraduate Economic Review
This paper explores and expands upon the work of Hanushek and Wößmann (2007) whose accumulated findings propose increased educational spending provides only marginal returns in terms of student’s cognitive outcomes. This study constructs an OLS regression model to explore the significance of U.S. state education spending and financial allocations as independent factors of state-level average ACT scores over a 10-year time series. The model additionally accounts for self-selection and socio-economic status. The results of this study support Hanushek and Wößmann’s conclusions while also demonstrating evidence that shifts in allocations towards instructional spending, as opposed to increasing total expenditures, could have …
American Prosperity Faces The Music, Douglas E. Archibald
American Prosperity Faces The Music, Douglas E. Archibald
FHSS Mentored Research Conference
If music influences people, what influences music? Intuitively, it is inspired by cultural traditions, changes in technology, and the zeitgeist of nations. On an even deeper level, it is inspired by demand. People will not buy music that does not give them utility. Now, how can someone know what type of music is in demand, or will be in demand? What factors influence music demand, and by studying these can future music trends be predicted? The purpose of this study is to discover how the economic well-being of a nation influences the demand for certain types of music, and if …
John Denis Sargan At The London School Of Economics, David F. Hendry, Peter C.B. Phillips
John Denis Sargan At The London School Of Economics, David F. Hendry, Peter C.B. Phillips
Cowles Foundation Discussion Papers
During his period at the LSE from the early 1960s to the mid 1980s, John Denis Sargan rose to international prominence and the LSE emerged as the world’s leading centre for econometrics. Within this context, we examine the life of Denis Sargan, describe his major research accomplishments, recount the work of his many doctoral students, and track this remarkable period that constitutes the Sargan era of econometrics at the LSE.
Making The Male Manager: Can Non-Cognitive Skills Explain The Glass Ceiling?, Nora Paget Harrington
Making The Male Manager: Can Non-Cognitive Skills Explain The Glass Ceiling?, Nora Paget Harrington
Senior Projects Spring 2017
Abstract: This project examines whether men and women’s non-cognitive skills —or personality characteristics— influence their respective occupational attainment. I take an interdisciplinary approach to inform my hypothesis by incorporating psychological and sociological theories on the production and reproduction of gender roles in order to understand why men and women may systematically differ along some personality dimensions. I use linear probability and probit models to measure the effect of the non-cognitive traits, locus of control, self-esteem, and risk tolerance on the probability of being a manager. In both models I find that an internal locus of control, high self-esteem, and high …
Accounting For Locational, Temporal, And Physical Similarity Of Residential Sales In Mass Appraisal Modeling: The Development And Application Of Geographically, Temporally, And Characteristically Weighted Regression, Paul E. Bidanset, Michael Mccord, John R. Lombard, Peadar Davis, William J. Mccluskey
Accounting For Locational, Temporal, And Physical Similarity Of Residential Sales In Mass Appraisal Modeling: The Development And Application Of Geographically, Temporally, And Characteristically Weighted Regression, Paul E. Bidanset, Michael Mccord, John R. Lombard, Peadar Davis, William J. Mccluskey
School of Public Service Faculty Publications
Geographically weighted regression (GWR) has been recognized in the assessment community as a viable automated valuation model (AVM) to help overcome, at least in part, modeling hurdles associated with location, such as spatial heterogeneity and spatial autocorrelation of error terms. Although previous researchers have adjusted the GWR weights matrix to also weight by time of sale or by structural similarity of properties in AVMs, the research described in this paper is the first that has done so by all three dimensions (i.e., location, structural similarity, and time of sale) simultaneously. Using 24 years of single-family residential sales in Fairfax, Virginia, …
The Economic Impact Of The Marine Leisure Industry On Cork Harbour, Aisling Conway Lenihan, Helen Mcguirk
The Economic Impact Of The Marine Leisure Industry On Cork Harbour, Aisling Conway Lenihan, Helen Mcguirk
Publications
This report, commissioned by the Cool Route Project,presents the economic impact of the Marine Leisure Industry in Cork Harbour. The Cool Route Project, funded byInterreg VB1funding, “investigates all aspects of the practical logistics and business potential to establish a bi-directional yacht cruising route along the western offshore areas of the Northern Periphery Area, stretching from Co. Cork in the South of Ireland, to the UK (Northern Ireland and Western Scotland) and onwards to the Faroe Islands and Norway”(Cool Route 2017).Led by theCork Institute of Technology (CIT), the Project partners, also include the Royal Cork Yacht Club, Donegal County Council, Derry …