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Full-Text Articles in Social and Behavioral Sciences

A Decomposition Analysis Of Base Metal Prices: Comparing The Effect Of Detrending Methods On Trend Identification And Cyclical Components, Mahmoodreza Modirroosta Jan 2013

A Decomposition Analysis Of Base Metal Prices: Comparing The Effect Of Detrending Methods On Trend Identification And Cyclical Components, Mahmoodreza Modirroosta

Dissertations, Master's Theses and Master's Reports - Open

This thesis analyzes the long-term trend behavior and cyclical components of real base metal prices. A decomposition approach is used to separate the real prices of base metals into a time trend and cyclical components. In this regard, linear and quadratic detrending methods along with Hodrick-Prescott and Baxter-King filters are applied to the base metal prices. Linear and quadratic trendlines are good estimates of the trend component and easy to interpret if the coefficients of estimated trends are significant and the coefficient of determination is relatively high. The Hodrick-Prescott and Baxter-King filters are good fits to the price series, but …


A Cost-Benefit Analysis Of A 25% Rps In Michigan, Fei Li Jan 2013

A Cost-Benefit Analysis Of A 25% Rps In Michigan, Fei Li

Dissertations, Master's Theses and Master's Reports - Open

Michigan depends heavily on fossil fuels to generate electricity. Compared with fossil fuels, electricity generation from renewable energy produces less pollutants emissions. A Renewable Portfolio Standard (RPS) is a mandate that requires electric utilities to generate a certain amount of electricity from renewable energy sources. This thesis applies the Cost-Benefits Analysis (CBA) method to investigate the impacts of implementing a 25% in Michigan by 2025. It is found that a 25% RPS will create about $20.12 billion in net benefits to the State. Moreover, if current tax credit policies will not change until 2025, its net present value will increase …