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Articles 1 - 8 of 8
Full-Text Articles in Social and Behavioral Sciences
The Impact Of Foreign Aid On Development And Aggregate Welfare In Developing Countries, Todd J. Kumler '07
The Impact Of Foreign Aid On Development And Aggregate Welfare In Developing Countries, Todd J. Kumler '07
Honors Projects
Over one billion people across the globe live in extreme poverty, struggling to survive on less than one U.S. dollar per day. The persistently low levels of aggregate welfare and human development in developing countries have recently caught the attention of many politicians and social observers. As the developed nations and multinational organizations of the world are called upon to increase development assistance to these impoverished countries, a question must be asked: Will increased foreign aid effectively raise human development in developing countries? While many studies have analyzed the impact of development aid on economic growth in developing nations, few …
The Extended Heckscher-Ohlin Model: Patterns Of Trade Between The U.S. And China, Mark Clements
The Extended Heckscher-Ohlin Model: Patterns Of Trade Between The U.S. And China, Mark Clements
Undergraduate Economic Review
Though there have been many attempts to extend the Heckscher-Ohlin model in order to account for empirical data, I intend to examine John Romalis’ model of factor proportions and commodity structure. The purpose of this paper is to examine Romalis’ model to see if it is supported by empirical data on trade between China and the United States. In order to do this, I will use data from the 2000 and 2005 U.S. Census trade data CD-ROM to determine if Romalis’ extended Hecksher-Ohlin model of international trade can explain the U.S.-China pattern of trade.
Is Selling Sex Good Business? : Prostitution In Nineteenth Century New York City, Ida Bastiaens
Is Selling Sex Good Business? : Prostitution In Nineteenth Century New York City, Ida Bastiaens
Undergraduate Economic Review
This study examines the impact of red light districts on the New York City’s land values for the years 1867 to 1870 using the monocentric model and bid-rent function as the foundation for the analysis. The results suggest that the Tenderloin red light district is a positive amenity, while the Bleecker and Washington Square red light district is a disamenity. The history of prostitution in New York City provides valuable insight into causes for the differences in the marginal impacts of prostitution on Manhattan’s urban environment. In the end, despite prostitution’s ongoing profitability well into the twentieth century, the strong …
Exploring The Effects Of Age At Arrival And Region Of Origin On The Earnings Of Immigrant Physicians In The U.S., Matthew Goergen '07
Exploring The Effects Of Age At Arrival And Region Of Origin On The Earnings Of Immigrant Physicians In The U.S., Matthew Goergen '07
Honors Projects
Current projections, as indicated by the 2000 Census, suggest that racial and ethnic minorities will outnumber non-Hispanic whites in America by the year 2050. Clearly, immigrants are vital components of the U.S. labor force and crucial in helping drive the domestic economy. Foreign-born workers occupy all niches of the labor market, from low-skilled workers to physicians, yet there still exists a disparity in wages between immigrant and native workers.
Measuring The Impact Of Urban Amenities On Average Wages In Metropolitan Areas, Benjamin Burry '07
Measuring The Impact Of Urban Amenities On Average Wages In Metropolitan Areas, Benjamin Burry '07
Honors Projects
This paper seeks to quantify the impacts of climate, crime, population density, and travel time on median hourly wage in urban areas using the hedonic approach. In accordance with theory of utility equalization across urban areas, worker ski11level, job composition, and intercity cost of living differences are held constant. This study's sample size consists of thirty-one metropolitan statistical areas in the continental U.S. with a population greater than five hundred thousand. Results support a significant impact ofurban amenities on wages.
The Effects Of International Diversification On Portfolio Risk, Angela Agati '07
The Effects Of International Diversification On Portfolio Risk, Angela Agati '07
Honors Projects
With the growing global economy, understanding international stock market correlations has become a vital instrument for investors wishing to diversify their portfolios on a global basis. For investors to have effective international portfolio diversification it is important to determine the countries whose stock prices move together, those whose stock prices move in opposite directions and those whose stock prices are unrelated all together. In order to analyze the impact of stock market correlations, this paper will focus on stock market indices in the U.S., Shanghai and the European Union. According to theory, maintaining portfolios primarily in highly positively correlated markets …
Exploring The Causality Between The Pollution Haven Hypothesis And The Environmental Kuznets Curve, Brian W. Jbara '07
Exploring The Causality Between The Pollution Haven Hypothesis And The Environmental Kuznets Curve, Brian W. Jbara '07
Honors Projects
In recent years, increased economic development, globalization, and liberalization of international trade have been linked by economists and environmental scholars as possible causes for specific trends in pollution. One of the most studied and controversial hypotheses is the Environmental Kuznets Curve Hypothesis (EKC), which states that a country's pollution concentrations rise with development and industrialization up to a certain point, after which they fall again as the country uses its increased affluence to reduce pollution concentrations again. If true, plotting pollution concentrations against income per capita will yield an inverted V-the EKC. Another controversy is the manner in which the …
Analyzing The Relationship Between Change In Money Supply And Stock Market Prices, Biniv Maskay '07
Analyzing The Relationship Between Change In Money Supply And Stock Market Prices, Biniv Maskay '07
Honors Projects
This paper examines the relationship between change in the money supply and the level of stock prices. This paper also dichotomizes change in the money supply into anticipated and unanticipated change and analyzes each of their relationships with stock market prices. Competing theories exist on how change in the money supply affects stock prices. The real activity theorists argue that change in the money supply and stock prices are positively related, where as the Keynesian economists argue otherwise. This study finds a positive relationship between change in the money supply and stock prices, agreeing with the real activity theorists. Economists …