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Empirical Economic Bulletin, An Undergraduate Journal

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Broken Asset Bubbles: The Factors Affect Japan's Economy From Prosperity To Decline, Mark Yang May 2024

Broken Asset Bubbles: The Factors Affect Japan's Economy From Prosperity To Decline, Mark Yang

Empirical Economic Bulletin, An Undergraduate Journal

Japan was in the most prosperous period of the economy in the 1980s, during which the GDP growth rate of Japan was high-speed, and the economic scale of Japan was second only to the United States in the world. Japan became the second largest economy in the world. But the boom was the unsustainable illusion of a bubble economy of rising house and stock prices. In the early 1990s, the collapse of Japanese real estate and stock market prices severely affected the Japanese economy, leaving many banks and companies heavily indebted. Japan's economy fell into a decade-long stagnation known as …


An Empirical Analysis Of The Status Of Income Inequality New England In 2022, Aidan Wilkinson May 2024

An Empirical Analysis Of The Status Of Income Inequality New England In 2022, Aidan Wilkinson

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the status of income inequality within the New England states in 2022. The empirical analysis conducted within this paper uses a similar model within Fadi Fawaz et al. for high income countries to analyze and predict the Gini coefficient within the six New England States. More specifically, the model that is tested analyzes monthly unemployment rate, the labor force participation rate, welfare spending, and the top 1% wealth distribution. The results show that Rhode Island and Maine Gini indexes could only be described by the top 1% wealth distribution and welfare spending, respectively. We also find that …


Capital Flows And Corruption On Southeast And East Asia’S Economic Growth: A Panel Data Analysis, Tithvitou Teng May 2024

Capital Flows And Corruption On Southeast And East Asia’S Economic Growth: A Panel Data Analysis, Tithvitou Teng

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the role of capital flows both from internal and external sources on economic growth, as well as the main social obstacle factor to growth, corruption. The paper attains this by conducting panel data analysis for Southeast and East Asian countries from 2005-2022. Sources of capital flows are divided into external sources, i.e. foreign direct investment (FDI) and personal remittance, and internal sources, i.e. domestic bank credit and stock market capitalization. The results show that corruption hinders economic growth and only some sources of capital have a positive impact on the economy while the effect of other sources …


A Cross-Section Analysis Of Factors Affecting Interstate 11 Migration In The United States, Kasey Thomas May 2024

A Cross-Section Analysis Of Factors Affecting Interstate 11 Migration In The United States, Kasey Thomas

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the factors influencing interstate migration in the United States of America. This study incorporates political affiliations and income and property tax policy into an existing migration determinants model. This is done to examine the influence of policy or potential future policies on an individual’s decision-making in addition to household factors. The greatest factors influencing an individual's decision to move are the average January temperature, the income tax rate, and the number of hazardous waster sites in the state.


Hitting The Books: An Empirical Analysis Of The Effect Of Education Expenditure On Gdp Per Capita And Economic Growth, Matt Simmons May 2024

Hitting The Books: An Empirical Analysis Of The Effect Of Education Expenditure On Gdp Per Capita And Economic Growth, Matt Simmons

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the link between education spending in Mexico and Central American countries and illegal immigration to the United States. Despite challenges like poverty and governance issues, these nations experience significant migration to the U.S., underscoring the need for deeper insights. Analyzing economic motivations and migration costs, the study emphasizes education expenditure's role in economic growth. Through empirical analysis, it highlights the importance of addressing root causes and offers policy recommendations. Overall, this research contributes to understanding the intricate relationship between education, immigration, and economic development.


Hosting Mega Events Impact On Gdp Growth: A Panel Data Analysis, Silas Pearce May 2024

Hosting Mega Events Impact On Gdp Growth: A Panel Data Analysis, Silas Pearce

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the impact of hosting “mega events” such as the Olympics on a country’s GDP growth. The study incorporates information on the country’s factors of economic development. Spillovers will be modeled through the state of the global economy by using controls such as countries that did not host mega events. The results show that countries that host the Olympics do not see any extra GDP growth than those that did not host an event.


Hdi And Standard Of Living: A Panel Data Analysis Of Latin America, Matthew Susich May 2024

Hdi And Standard Of Living: A Panel Data Analysis Of Latin America, Matthew Susich

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the correlation between the Human Development Index and other significant measures of standard of living. The study incorporates data for upper- and middle-income countries in Latin America (Mexico, Costa Rica, Columbia, Peru, Uruguay, Brazil, Paraguay, Guatemala, Jamaica, Belize, and Bolivia) surrounding standard of living, including GDP per capita, public spending on education, public spending on health, GNI per capita, unemployment, infant mortality, and inflation. The conclusions from this study are drawn from regression analysis and tests of correlation between the Human Development Index and alternative measures of standard of living. The results show that unemployment and infant …


The Causal Nexus Between Government Expenditure On Education And Individual Savings Behavior In Argentina, Amanda Spielman May 2024

The Causal Nexus Between Government Expenditure On Education And Individual Savings Behavior In Argentina, Amanda Spielman

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the possibility of interdependence between education and savings by looking at the relationship between a country’s government expenditure on education and the saving rate. Public education expenditure has been studied as an explanatory variable for economic growth, but similar studies determining its impact on household savings behavior are lacking. This research looks to determine Granger Causality using the Vector Error Correction Model between this measure of the quality of education and savings rate for Argentina. The results show bidirectional causality between the savings rate and government expenditure on education, as well as unidirectional causality with government expenditure …


A Panel Data Analysis Of The Effect Of Corruption And Macroeconomic Factors On Inequality And Poverty In Latin America, Annie Mcdonald May 2024

A Panel Data Analysis Of The Effect Of Corruption And Macroeconomic Factors On Inequality And Poverty In Latin America, Annie Mcdonald

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates how a country’s income inequality and poverty are affected by corruption, and other economic indicators. The study’s purpose is to find which countries harbor corruption that causes more inequality and poverty and if high or low levels of macroeconomic factors, like unemployment for example, cause an increase in inequality/poverty as well. The panel data will include 11 countries located in Latin America and it will cover a ten-year period (2012-2021). After running six regressions, the results showed there were some differences from other papers. It was found that certain countries exhibit unique challenges that contribute to their …


Shifting The Ice: Analyzing The Impact Of The 2013 Nhl Cba To The Competitive Balance Of The League, Ryan Lacy May 2024

Shifting The Ice: Analyzing The Impact Of The 2013 Nhl Cba To The Competitive Balance Of The League, Ryan Lacy

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates whether the 2013 National Hockey League (NHL) Collective Bargaining Agreement (CBA), which hardened the existing salary cap, increased team revenue sharing, and instituted additional restrictions on player contracts, results in a more competitively balanced league. The study incorporates an OLS regression and Quantile regression to examine the impact of the 2013 CBA on the competitive balance of the league. The results show that the changes allow for a dispersion of talent, specifically offensive talent, and demonstrated a positive relationship between spending and points obtained by teams in the top 25% of the league. Conversely, teams that did …


The Causes All Time High Chronic Homelessness: A Panel Analysis, Robert Knight May 2024

The Causes All Time High Chronic Homelessness: A Panel Analysis, Robert Knight

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates what economic indicators affect the rate of homelessness in the United States. By combining both the personal issues of the homeless people themselves along with economic structural issues in U.S. this study finds what the largest determinants of chronic homelessness. The study includes variables such as median house prices from the Case Shiller Index, the poverty rate, unemployment rate, health care expenditures per capita and demographics to find what causes a higher homeless rate. The data used to determine the conclusions will be pulled from twenty different major U.S. metropolitan cities to showcase how different economic variables …


Does Money Really Buy Success? Empirical Analysis Of Money Spent Effect On English Premier League Team’S Performances/Success: A Panel Data Analysis, Barnaby Brandon May 2024

Does Money Really Buy Success? Empirical Analysis Of Money Spent Effect On English Premier League Team’S Performances/Success: A Panel Data Analysis, Barnaby Brandon

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the empirical relationship between the wages of English Premier League teams and their success. This study incorporates information from the league regarding each team’s spending and the performance of each of these teams every year. Each team has a specific spending structure based on the magnitude of the club and ability of the players. The research will look at all teams that have stayed in the premier league for the past 10 years as some teams come in and out of the Premier League with the relegation and promotion system. The results will show whether having higher …


The Role Of Institutional Quality Factors On Inequality In Upper-Middle Income Countries In Latin America, Alexia Brandao May 2024

The Role Of Institutional Quality Factors On Inequality In Upper-Middle Income Countries In Latin America, Alexia Brandao

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the influence that institutional quality factors have on the power or spread of inequality across low-income countries, as opposed to high income countries. As such, an empirical study and analysis will be conducted to measure the impact of the following institutional quality factors: control of corruption, government effectiveness, political stability and absence of violence/terrorism, regulatory quality, rule of law, and voice and accountability. Specifically, cross-sectional or panel data from the World Bank will be utilized to look at upper-middle income nations in Latin America. The factors will be simultaneously measured against the Gini Coefficient. These countries include …


Time Series Analysis Of The Impact Of Climate Change On The Rocky Mountain Ski Industry, Charlotte Christo May 2024

Time Series Analysis Of The Impact Of Climate Change On The Rocky Mountain Ski Industry, Charlotte Christo

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the correlation between climate change and the ski industry. This study will incorporate the annual snowfall and mean temperature and annual visitations to American ski resorts. The model studied will investigate if the rising temperatures affect snow fall totals in popular ski areas as well the visitor amounts per season. This model will be used to run a multiple regression that will account for various controls including the distribution of snow fall throughout the season.


How Unsdgs Are Reflected In Folklore, Jacob Mann May 2024

How Unsdgs Are Reflected In Folklore, Jacob Mann

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the relationship between the United Nation’s Sustainable Development Goals in a country and the prevalence of those goals in that country’s folklore. The study incorporates folklore collected into an aspect-based sentiment analyzer to examine the prevalence of, and attitude towards various aspects of the text. A combination of ConceptNet and the widely available Natural Language Toolkit is implemented to retrieve polarity scores related to key aspects of the texts. The results indicate that there are correlations between the attitude towards a theme in folklore, and the attitudes towards that theme in a country. JEL


Economic Peaks, An Analysis Of Financial & Real Estate Speculations In The Top 5 U.S Cities, Nicholas M. Basley May 2024

Economic Peaks, An Analysis Of Financial & Real Estate Speculations In The Top 5 U.S Cities, Nicholas M. Basley

Empirical Economic Bulletin, An Undergraduate Journal

Economic Peaks conducts a comprehensive analysis of financial and real estate speculations in the United States, more specifically the top five cities per population in the United States. This study spans the period from 2000 to 2023, utilizing time series data to reveal economic trends and identify potential structural breaks during recession periods. By employing advanced statistical methods, the research aims to discern distinctive patterns in the housing and financial markets of each of the major cities, unveiling the presence of unsustainable price appreciation and the factors contributing to its emergence. This study seeks to offer valuable insights into the …


Beyond The Arc: Investigating The Impact Of 3-Point Shots On Nba Revenue: An Empirical Analysis, Cameron Bolduc May 2024

Beyond The Arc: Investigating The Impact Of 3-Point Shots On Nba Revenue: An Empirical Analysis, Cameron Bolduc

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the impact of Stephen Curry’s revolution of the three-point shot and its impact on NBA’s revenues. The study will incorporate the five years prior to Stephen Curry’s back-to-back MVP’s and the five years after those MVP’s. The model will examine three-point makes and percentage per game, along with a player’s effective field goal percentage, as well as playoff wins and attendance in home games. The study’s results showed that in the five years after Stephen Curry changed the game and won his MVPs, the three-point shot was a big driver in a team’s revenue. These results do …


The Effects Of Cultural Values On Economic Growth: An Empirical Investigation, Jake Barlow Apr 2023

The Effects Of Cultural Values On Economic Growth: An Empirical Investigation, Jake Barlow

Empirical Economic Bulletin, An Undergraduate Journal

This study explores the relationship between cultural attitudes and national GDP growth, across several countries. Data from the World Values Survey from the 2010 through 2014 and 2005-2009 wave have been utilized to determine cultural attitudes, and data from the World Bank and USAID has been utilized for building the economic growth model. The purpose of this study is to inform policy makers regarding the effects of different cultural factors and their interactions on economic growth outcomes. The main contribution of this study is the positive impact that attitudes towards the environment have on economic growth outcomes.


Empirical Analysis Of Firearm-Related Deaths In The United States Based On Sex, Race, And Age, Dominik Dacruz Apr 2023

Empirical Analysis Of Firearm-Related Deaths In The United States Based On Sex, Race, And Age, Dominik Dacruz

Empirical Economic Bulletin, An Undergraduate Journal

This empirical study examines firearm deaths via sex, race, and age in the United States. They have a look at making use of information from dependable assets such as the Centers for Disease Control and Prevention and the National Vital Statistics System. Descriptive and theoretical statistical analyzes are used to look at the relationship between those elements and firearm-associated mortality throughout agencies inside the US. The effects display that gun homicides have persisted to rise over the years, with guys and African Americans most tormented by gun violence Suicide is the main motive of gun deaths, observed through homicide and …


Fenway And Crime: Opportunity, Geographic Differences, And Team Rivalry At Boston Red Sox Games, Cole Mcgovern Apr 2023

Fenway And Crime: Opportunity, Geographic Differences, And Team Rivalry At Boston Red Sox Games, Cole Mcgovern

Empirical Economic Bulletin, An Undergraduate Journal

Although hosting professional sports are often seen as a financial benefit for cities, there are also associated costs. This paper investigates the possibility of interdependence between a variety of crimes and home game days of the Boston Red Sox. When adjusting for game attendance and length, minor assaults charges such as disorderly conduct and simple assault increase city-wide during game days. Despite this, all crime around the immediate stadium area decreases in volume. Additionally, this study examines differences in geographical impacts and crime levels, when a game was played, and games played against the New York Yankees, their historic rival.


An Empirical Analysis Of The Impact Of Unemployment Rate And Economic Development Level On Income Inequality, Wenyi Gu Apr 2023

An Empirical Analysis Of The Impact Of Unemployment Rate And Economic Development Level On Income Inequality, Wenyi Gu

Empirical Economic Bulletin, An Undergraduate Journal

This study used linear regression analysis to inspect influence of unemployment rates and economic development levels on income inequality in the United States and Germany. The results indicate that the level of economic development is the main driving factor for inequality of income in America, while in Germany, high unemployment and inflation can exacerbate income inequality. This study emphasizes the importance of labor market policies, social welfare policies, and tax policies in reducing income inequality. While the analysis only covers two countries, the results have significant policy implications for addressing income inequality. Future research can expand on the factors that …


The Determinants Of Carbon Emission In Asia And Europe: A Panel Data Analysis, Erika Hauser Apr 2023

The Determinants Of Carbon Emission In Asia And Europe: A Panel Data Analysis, Erika Hauser

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the numerous variables that influence carbon emissions in selected Asian and European countries. The study examines the countries with the highest gross domestic product (GDP) in each region, considering the possible impact of economic growth on greenhouse gas emissions. The study also analyzes the role of other variables such as tourism, foreign direct investment (FDI), ecological footprint level (EFL), and agricultural output. The ecological footprint level is modeled by global hectare or the countries’ gha, which is a measure of the impact of human activities on the environment. The study estimates tourism and FDI reduce emissions, while …


An Empirical Exploration Of U.S Healthcare Discrimination And Obesity Prevalence, Arinzechukwu Maduka Apr 2023

An Empirical Exploration Of U.S Healthcare Discrimination And Obesity Prevalence, Arinzechukwu Maduka

Empirical Economic Bulletin, An Undergraduate Journal

This paper offers an empirical exploration of the discriminatory nature of the US healthcare system using obesity prevalence as a primary lens. The study involves an analysis of time series data sets to examine the impact of an array of both economic and lifestyle factors on obesity rates across a statewide level. In addition to discussing the current realm of literature surrounding obesity, this paper expounds upon existing empirical models. Results show that inequality and race are significant influencers of anti-black discrimination that is ever present within society.


Empirical Analysis Of Institutional Quality And Financial Development On Income Inequality In Central America, Odette Mansour Apr 2023

Empirical Analysis Of Institutional Quality And Financial Development On Income Inequality In Central America, Odette Mansour

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the effect of Institutional Quality and financial development in middle income in Central American Countries. The study incorporates information about how inequality in middle income has increased alarmingly and how we should consider improving the institution's quality. The outcomes show a positive relationship between Institutional Quality and financial development regarding middle-income society in Central American Countries, specifically: Panama, Costa Rica, El Salvador, and Honduras, which is why we suggested reforming institutional in Central American countries, letting international institutions such as the World Bank, United Nations, and IMF use their financial and political influences to promote strategies aimed …


Empirical Analysis Of Nfl Ticket Price Determinants, Kenny Page Apr 2023

Empirical Analysis Of Nfl Ticket Price Determinants, Kenny Page

Empirical Economic Bulletin, An Undergraduate Journal

This research paper examines the determinants of revenue for National Football League (NFL) franchises with respect to ticket prices. Using a dataset of ticket prices and various factors such as team performance, stadium capacity, market size, and team revenue, we analyze the relationship between ticket prices and a franchise’s revenue. The results align with past studies in this area of research as they indicate that past team performance and average attendance have the strongest effect on ticket prices. Additionally, the results reveal that stadium capacity and market size most significantly affect team revenue. We find that ticket prices are less …


Empirical Analysis Of Nba Ticket Prices Correlation To Nba All-Stars, Michael Mcneil Apr 2023

Empirical Analysis Of Nba Ticket Prices Correlation To Nba All-Stars, Michael Mcneil

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the possibility of a correlation between NBA ticket prices and if NBA All-Stars increase this cost. The model will incorporate the points, rebounds, assists, and minutes an NBA team has, the number of audience members, and how many All-Stars are at the game.


An Empirical Analysis Of The Effects Of Government Influence On Deforestation In Latin America, Francine Roberge Apr 2023

An Empirical Analysis Of The Effects Of Government Influence On Deforestation In Latin America, Francine Roberge

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates government influence and factors that may increase the rate of deforestation in Latin American countries. An empirical analysis will be conducted to measure the change in deforestation rates based on several potential influences. The analysis will look specifically at countries in Latin America that have a high level of deforestation including Argentina, Bolivia, Brazil, Columbia, Paraguay, Peru, and Venezuela from 1996 until 2011. Variables studied include accessibility, suitability for agriculture production, corruption perception, government effectiveness, political stability, GDP per capita, foreign direct investment, and trade openness. The results show that as more forest cover is lost, and …


An Empirical Analysis Of Prime Performing Age Of Nba Players; When Do They Reach Their Prime?, Tony Salameh Apr 2023

An Empirical Analysis Of Prime Performing Age Of Nba Players; When Do They Reach Their Prime?, Tony Salameh

Empirical Economic Bulletin, An Undergraduate Journal

This empirical research paper investigates the prime performing age of NBA players from the perspective of General Managers. The study aims to identify the age range in which players are most effective on the court and to determine if there is a significant relationship between age and player performance. Player performance statistics data was collected from ESPN and analyzed to help determine at what age players reach their prime productivity levels for a team. The findings suggest that the prime performing age of NBA players is between 27 and 31 years old, with a slight decline in performance after the …


The Happiness-Income Paradox: A Cross Sectional Analysis, Samantha Sczepanski Apr 2023

The Happiness-Income Paradox: A Cross Sectional Analysis, Samantha Sczepanski

Empirical Economic Bulletin, An Undergraduate Journal

This paper presents an empirical analysis of how income, education and healthcare affect overall happiness in a country. By using data found through the world happiness report, Statista and the world population review, I was able to analyze the relationship between these three variables and the overall happiness index from 100 counties. The results showed that while all three variables have a positive relationship with the happiness index, mean income had the strongest relationship. I was also able to explore potential other variables that could have an effect which were cost of higher education, percentage of population with secondary or …


Empirical Analysis Of Nba 2011 Cba Changes And Their Effects On Competitive Balance, Derek Smith Apr 2023

Empirical Analysis Of Nba 2011 Cba Changes And Their Effects On Competitive Balance, Derek Smith

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the effects of the 2011 collective bargaining agreement on the competitive balance in the National Basketball Association. It illustrates how the different rules and regulations affected various factors within the sport, and in turn how these alterations affected the competitive balance of the NBA. The goal is to exemplify the importance of NBA factors in the competitive balance of the sport and prevent incorrect manipulation of the industry. The results showed that the 2011 CBA did little to none in terms of improving the level of competitive balance within the NBA. All of the factors that were …