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Unemployment Cycles: Aggregate Disturbances And Sectoral Shifts, Jing Lu
Unemployment Cycles: Aggregate Disturbances And Sectoral Shifts, Jing Lu
Digitized Theses
This thesis consists of three essays, all of which examine the relative importance of aggregate disturbances and sectoral shifts in the explanation of unemployment cycles.;Chapter 1 of the thesis uses a search-theoretical framework to analyze a multi-sector economy in which labor productivity is subject to aggregate and sectoral shocks. After a critical review of the existing literature in this area and questioning the previous methods of shock decomposition into aggregate disturbance and sectoral shift components, this paper develops a new method for partitioning the effects of these two shocks on unemployment. It is argued that the mean and the dispersion …
Essays On Money, Banking, And Contracts, Siu Cheong Fung
Essays On Money, Banking, And Contracts, Siu Cheong Fung
Digitized Theses
In the first chapter, a computable equilibrium business cycle model is constructed to study the effects of inflation and taxation on the allocation of capital and time between the market sector and the home sector. In the model, individuals derive utility from the consumption of market goods and services, which are produced by combining business capital and market time, and from the consumption of home goods and services, which are produced by using household capital and nonmarket time. Money is incorporated into the model using a cash-in-advance constraint which applies to the purchase of market consumption goods. The model economy …
Essays In International Finance And Macroeconomics, Wai-Ming Ho
Essays In International Finance And Macroeconomics, Wai-Ming Ho
Digitized Theses
This thesis consists of three essays in international finance and macroeconomics to study the link between money and economic activity.;The first essay, entitled "Liquidity, Exchange Rates, and Business Cycles," presents a two-country, two-good, two-currency model to study the role of liquidity effects in exchange rate determination and the international transmission of economic fluctuations. The monetary authority's injections of cash are funneled into the economy through financial markets. The asymmetry of economic agents' access to the newly injected cash induces liquidity effects. The model provides an exchange rate equation which is different from the simple purchasing-power-parity law of exchange rate determination. …
Visual Interactive Linear Programming: The Concept, An Example And An Empirical Assessment Of Its Value In Supporting Managerial Decision-Making, Arshad Ahmad Taseen
Visual Interactive Linear Programming: The Concept, An Example And An Empirical Assessment Of Its Value In Supporting Managerial Decision-Making, Arshad Ahmad Taseen
Digitized Theses
Decision support systems (DSS) and visual interactive (VI) modelling emerged during the 1970s at roughly the same time (Sprague and Watson, 1989), (Belton, 1991). Both ideas seem to have been driven more by advances in computer technology and increasing management demands than any theory. There are both similarities and differences between them. DSS often use some visual and interactive features (see Turban and Carlson, 1989), but seldom refer to them in terms of a VI model. On the other hand, a VI model is almost always built to support decision-making, and is often referred to as a DSS. Both have …
Fertility And Economic Growth, Jie Zhang
Fertility And Economic Growth, Jie Zhang
Digitized Theses
The thesis comprises three chapters which model fertility and economic growth simultaneously in overlapping generations frameworks.;Chapter 1 focuses on the relation between fertility and wage rates and examines the effects on fertility and growth of subsidies for education and for the cost of rearing children by assuming that agents care about the consumption and number of children. Without education, this model reconciles two conflicting results about the relationship between fertility and wage rates: while Malthus and others predict a positive relation, Barro and Becker find a negative relation. With education, the positive relation between fertility and wage rates can no …
Bid/Ask Spreads And The Costs Of Making Markets, Douglas Alasdair Turnbull
Bid/Ask Spreads And The Costs Of Making Markets, Douglas Alasdair Turnbull
Digitized Theses
The purpose of this thesis is to test the received explanations of the determinants of bid/ask spreads for common equity securities. This thesis employs trade-to-trade data for twenty-four securities listed on the Toronto Stock Exchange (TSE) over the period from August, 1988 through December, 1992. The literature is extended by simultaneously modelling the cost components (inventory, asymmetric information, fixed, and search costs) and volatility of realized bid/ask spreads using an exponential autoregressive conditional heteroscedasticity (EARCH) framework. Because certain small trades on the TSE are auto-filled, registered traders do not always make a decision on trade involvement--some trades are non-discretionary. The …
Outsourcing Core Skills Into Non-Equity Alliance Networks, Kerry Mclellan
Outsourcing Core Skills Into Non-Equity Alliance Networks, Kerry Mclellan
Digitized Theses
Firms are outsourcing functions previously considered core competitive competencies. For example, many U.S. banks have contracted out their Information Technology (IT) functions. These relationships have taken the form of non-equity alliances. The thesis investigated: Why would firms outsource a core skill? Was this a sound strategic decision or one primarily motivated by immediate economic gain? Does this decision lead to the creation of sustainable competitive advantage and greater economic rents, or does it ultimately signal a surrendering of strategic sovereignty? In essence, does the accepted theory of competitive behaviour in bi-lateral market relationships apply to these non-equity alliances and the …