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Full-Text Articles in Social and Behavioral Sciences
Essays On Foreign Direct Investment, Trade And Development, Jing Sun
Essays On Foreign Direct Investment, Trade And Development, Jing Sun
Dissertations, Theses, and Capstone Projects
Essay 1: Most of studies on developing countries have found evidence that international linkages, such as foreign ownership, exporting, or importing, affect productivity growth, but since these variables are correlated, it is hard to distinguish among their effects. This paper tackles this issue by explicitly investigating and comparing the productivity effects of all three international linkages at plant levels in case of Indonesian manufacturing plants during 1993-2001. Overall, the paper finds that foreign ownership, first, and importing, second, but exporting doubtfully, promoted productivity growth. Productivity jumps in the year when plants are acquired by foreigners or when plants first start …
Smoking, Drinking, And Binge Drinking: An Empirical Study Of The Role Of Price On Consumption By High School Seniors, Jorge L. Medina
Smoking, Drinking, And Binge Drinking: An Empirical Study Of The Role Of Price On Consumption By High School Seniors, Jorge L. Medina
Dissertations, Theses, and Capstone Projects
In this study, I estimate time-series demand functions using Ordinary Least Squares in order to examine the effects of real cigarette and alcohol prices on their respective consumption. My targeted population is high school seniors in the United States. The data I use come from Monitoring the Future, The Tax Burden on Tobacco, and the Bureau of Labor Statistics. Using the Ordinary Least Squares real price coefficients, I evaluate how much of the observed change in consumption is explained by the observed change in real price during a particular period of time between 1976 and 2008. Then, I repeat the …
A R&D Based Real Business Cycle Model, Ka Wai Terence Fung
A R&D Based Real Business Cycle Model, Ka Wai Terence Fung
Dissertations, Theses, and Capstone Projects
The New Keynesian Real Business Cycle model with staggered price adjustment is augmented with a R&D producing sector. Two sources of economic shocks are separately considered, namely random participation (perturbances to value of alternative investment opportunities in another sector) and financial intermediation (shocks to the cost of raising capital in the financial intermediation market). We find that, when comparing to the baseline model, both random participation and financial intermediation models can explain pro-cyclical R&D spending. Additionally the investment oversensitivity problem is corrected. However, only the financial intermediation model is consistent with the observed finding that the volatility of R&D is …
Demand For Cigarettes By Teenagers And Young Adults And Their Smoking Transitions, Ce Shang
Demand For Cigarettes By Teenagers And Young Adults And Their Smoking Transitions, Ce Shang
Dissertations, Theses, and Capstone Projects
This paper provides the first comprehensive analysis of the effects of cigarette prices, cigarette excise taxes, smoke-free air laws, youth access laws, state spending on comprehensive tobacco control programs, socio-economic factors, and demographic characteristics on measures of demand for smoking, especially light and intermittent smoking by teenagers and young adults in a long panel. I employ the panel to estimate demand for cigarette smoking by young people and the determinants of transitions from light or intermittent smoking to heavy or regular smoking in the following years. Finally, I estimate transitions in the opposite direction: from regular or heavy smoking to …
Governance And Merger Activity In Banking, Thomas J. Piskula
Governance And Merger Activity In Banking, Thomas J. Piskula
Dissertations, Theses, and Capstone Projects
One method of evaluating the success of management decisions regarding acquisitions is to examine equity price movements as the news of the merger is made public. The price movement of the acquiring firm's equity around the announcement of the acquisition indicates if shareholders believe management has acted in their interest. In the banking industry, researchers have found that on average equity values of the acquiring bank do not display abnormal positive returns upon announcement, and often display statistically significant negative returns. Another line of research has documented that CEOs are better compensated for managing larger organizations, particularly when involved in …