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Economics

2016

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Full-Text Articles in Social and Behavioral Sciences

Southeast Minnesota Economic And Business Conditions Report - Third Quarter 2016, King Banaian, Richard A. Macdonald Dec 2016

Southeast Minnesota Economic And Business Conditions Report - Third Quarter 2016, King Banaian, Richard A. Macdonald

Southeast Minnesota Economic and Business Conditions Report

Acceleration of economic growth in Southeast Minnesota is expected over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI experienced a 3.18 point decline, the Southeast Minnesota leading index reversed course by rising 2.34 points in the third quarter of 2016. The increased LEI was led by a rise in the number of residential building permits in Rochester as well as higher new filings of incorporation and LLC in the Southeast Minnesota planning area. Three components of the LEI had negative readings …


Twin Cities Minnesota Economic And Business Conditions Report - Third Quarter 2016, King Banaian, Richard A. Macdonald Dec 2016

Twin Cities Minnesota Economic And Business Conditions Report - Third Quarter 2016, King Banaian, Richard A. Macdonald

Twin Cities Minnesota Economic and Business Conditions Report

A slower pace of economic growth is expected over the next several months in the Twin Cities according to the prediction of the St. Cloud State University Twin Cities Index of Leading Economic Indicators (LEI). The Twin Cities LEI fell 5.70 points in the third quarter after a nearly neutral reading in the previous quarter. Four of the five index components decreased in the third quarter. Lower initial claims for unemployment insurance were the only index component that had a positive impact on this quarter’s LEI. Weakness in two general measures of statewide business conditions had a negative effect on …


Southwest Minnesota Economic And Business Conditions Report - Third Quarter 2016, King Banaian, Richard A. Macdonald Dec 2016

Southwest Minnesota Economic And Business Conditions Report - Third Quarter 2016, King Banaian, Richard A. Macdonald

Southwest Minnesota Economic and Business Conditions Report

Normal economic growth in Southwest Minnesota is expected over the next several months according to the predictions of the St. Cloud State University (SCSU) Southwest Minnesota Index of Leading Economic Indicators (LEI). Two of four LEI components were positive in the third quarter. An increase in new filings of incorporation and LLC and a jump in Mankato residential building permits made favorable contributions to the LEI this quarter. An increase in initial jobless claims and weakness in the rural outlook weighed on the index. After rising 1.27 points in the second quarter, the Southwest Minnesota LEI was essentially flat in …


The Challenge Of Regulatory Excellence, Cary Coglianese Dec 2016

The Challenge Of Regulatory Excellence, Cary Coglianese

All Faculty Scholarship

Regulation is a high-stakes enterprise marked by tremendous challenges and relentless public pressure. Regulators are expected to protect the public from harms associated with economic activity and technological change without unduly impeding economic growth or efficiency. Regulators today also face new demands, such as adapting to rapidly changing and complex financial instruments, the emergence of the sharing economy, and the potential hazards of synthetic biology and other innovations. Faced with these challenges, regulators need a lodestar for what constitutes high-quality regulation and guidance on how to improve their organizations’ performance. In the book Achieving Regulatory Excellence, leading regulatory experts …


Essays On Risky Health Behavior, Bern Dealy Dec 2016

Essays On Risky Health Behavior, Bern Dealy

Economics ETDs

Risky health behaviors including substance abuse and risky sex are a significant contributor to chronic illness in the US. Efficient use of public resources to avert or mitigate the consequences of risky health behaviors requires a better understanding of the overall costs of risky health behavior to society. Additionally, a better understanding of the value and behavioral consequences of programs designed to mitigate the consequences of risky health behavior is needed. This dissertation utilizes a number of unique methodological and empirical tools to examine the consequences of risky sex and drug abuse and the value of policies which seek to …


Financial Crisis, Inclusion And Economic Development In The Us And Oic Countries, Shadiya T. Hossain Dec 2016

Financial Crisis, Inclusion And Economic Development In The Us And Oic Countries, Shadiya T. Hossain

University of New Orleans Theses and Dissertations

The following dissertation contains two distinct empirical essays which contribute to the overall field of Financial Economics. Chapter 1, entitled “Financial Inclusion and Economic Development in OIC Member Countries,” examines whether the presence of Islamic finance promotes development and alleviates poverty. To do so, we estimate the influence of financial inclusion variables on development and poverty variables for OIC countries. Using data from the World Bank, we use dynamic panel analysis using methodology similar to Beck et al (2000) to study the effects of financial inclusion on economic development and use simple cross-sectional analysis similar to Beck et al (2004) …


Nebraska Monthly Economic Indicators: December 16, 2016, Eric Thompson Dec 2016

Nebraska Monthly Economic Indicators: December 16, 2016, Eric Thompson

Leading Economic Indicator Reports

Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.32% during November of 2016. The decline in the LEI-N, which predicts economic activity six months in the future, suggests that economic growth will be modest in Nebraska during the first half of 2017. Four of six components of the LEI-N were negative during November. Airline passenger counts and manufacturing hours both declined during the month. There also was another increase in the value of the U.S. dollar during November, a negative for export-oriented businesses in Nebraska. Initial claims for unemployment insurance rose during the month. Two components of the indicator …


The Ethics Behind Efficiency, Jonathan B. Wight Dec 2016

The Ethics Behind Efficiency, Jonathan B. Wight

Economics Faculty Publications

The normative elements underlying efficiency are more complex than generally portrayed, and rely upon ethical frameworks that are generally absent from classroom discussions. Most textbooks, for example, ignore the ethical differences between Pareto efficiency (based on voluntary win-win outcomes) and the modern Kaldor-Hicks efficiency used in public policy assessments (in which winners gain more than losers lose). For the latter to be ethically palatable, society must have in place basic institutions of justice, transparency, and accountability. Normative economics thus requires a pluralist approach that includes considerations of virtue and duty, closer to Adam Smith’s Enlightenment conceptions. This surprising finding should …


Burden Of Disease Associated With Lower Levels Of Income Among Us Adults Aged 65 And Older, Erica I. Lubetkin, Haomia Jia Dec 2016

Burden Of Disease Associated With Lower Levels Of Income Among Us Adults Aged 65 And Older, Erica I. Lubetkin, Haomia Jia

Publications and Research

Background: Persons aged 65 years and older represent a heterogeneous group whose prevalence in the USA is expected to markedly increase. Few investigations have examined the total burden of disease attributable to lower levels of income in a single number that accounts for morbidity and mortality.

Methods: We ascertained respondents’ health-related quality of life (HRQOL) scores and mortality status from the 2003 to 2004, 2005 to 2006, 2007 to 2008 and 2009 to 2010 cohorts of the National Health and Nutrition Examination Survey (NHANES) with mortality follow-up through 31 December 2011. A mapping algorithm based on respondents’ age and answers …


Still Here: Life In A New York Garment Factory, Veronika Bondarenko Dec 2016

Still Here: Life In A New York Garment Factory, Veronika Bondarenko

Capstones

After the majority of clothing production jobs left the US for Asia in the 1990s, a new market of smaller factories that employ mostly immigrant women in their forties and fifties to create high-end clothes with a “Made in the USA” label emerged. But as factories struggle to survive in New York, large numbers of workers still endure long hours, on-job injuries, and lack of overtime pay in the name of homegrown fashion — often with little oversight.

http://lifeinanewyorkgarmentfactory.info


Broken Promesa: Puerto Rico Sinks, But The Life Rafts Can’T Save Everyone, Nico A. Grant Dec 2016

Broken Promesa: Puerto Rico Sinks, But The Life Rafts Can’T Save Everyone, Nico A. Grant

Capstones

Puerto Rico is in the midst of an economic calamity. The U.S. Territory faces a $73 billion debt, an economy on a downward spiral and hemorrhaging population numbers. In response, the U.S. Congress passed the PROMESA Act, which includes an oversight board to control Puerto Rico’s finances. But this purported pathway to prosperity won’t revitalize the Caribbean island.

As the board’s austerity measures fail to turn the economy around, ordinary Puerto Ricans are peddling to resurrect the island’s private sector. These stories from Puerto Rico illustrate the pain of economic decay and the hope that new technology can make a …


Sperner's Lemma, The Brouwer Fixed Point Theorem, The Kakutani Fixed Point Theorem, And Their Applications In Social Sciences, Ayesha Maliwal Dec 2016

Sperner's Lemma, The Brouwer Fixed Point Theorem, The Kakutani Fixed Point Theorem, And Their Applications In Social Sciences, Ayesha Maliwal

Electronic Theses and Dissertations

Can a cake be divided amongst people in such a manner that each individual is content with their share? In a game, is there a combination of strategies where no player is motivated to change their approach? Is there a price where the demand for goods is entirely met by the supply in the economy and there is no tendency for anything to change? In this paper, we will prove the existence of envy-free cake divisions, equilibrium game strategies and equilibrium prices in the economy, as well as discuss what brings them together under one heading.

This paper examines three …


An Analysis Of Mongolia’S Resource-Led Development: The Impact Of Foreign Direct Investment In The Extraction Industry, Belguun Bat-Erdene Dec 2016

An Analysis Of Mongolia’S Resource-Led Development: The Impact Of Foreign Direct Investment In The Extraction Industry, Belguun Bat-Erdene

Master's Theses

It has been 26 years since Mongolia transitioned to democracy. I decided to evaluate the progress of Mongolia’s development since the transition to evaluate whether the country of only 3 million people with vast land and natural resources successfully implemented policies to attain growth and societal wellbeing. In order to evaluate Mongolia’s development progress, this thesis uses FDI in Mongolian development since 1990 as a case study to examine the relationship between FDI, state development strategies, and development outcomes. My research questions encompass a series of interrelated inquiries including 1) whether human development can be achieved through extraction industries 2) …


A Perspective On Electronic Alternatives To Traditional Currencies, Gabriele Camera Dec 2016

A Perspective On Electronic Alternatives To Traditional Currencies, Gabriele Camera

ESI Working Papers

The institution of money is rapidly evolving thanks to developments in computer-based cryptography. Technological advances have made possible the creation of cost-effective electronic alternatives to banknotes and coins, which are the traditional physical currencies. This document aims to describe — based on scientific literature — the use and characteristics of money, some of the problems associated with issuing a new currency or a new payment instrument, and the possible comparative advantages of a central bank in leading the way relative to private issuers.


State Failure In Venezuela, Marcus Littman Dec 2016

State Failure In Venezuela, Marcus Littman

Master's Theses

The role of the state is to provide political goods such as security and an environment conducive to economic growth. The Venezuelan state is failing to provide both security and conditions capable of producing economic growth. The government has exacerbated both by enacting failed policies. I measure the economic crisis in Venezuela based on the rates of inflation, falling foreign currency reserves, the food and medical supply shortage, falling government spending, and negative GDP growth. I measure the security crisis based on the escalating rate of kidnapping, human trafficking, drug sales, smuggling, theft, gun distribution, and homicide. In this thesis, …


Emigration, Repatriation And The Reality Of Returned Youth In El Salvador, Isabel C. Duarte Vasquez Dec 2016

Emigration, Repatriation And The Reality Of Returned Youth In El Salvador, Isabel C. Duarte Vasquez

Master's Theses

According to US Customs and Border Protection, over 59 thousand unaccompanied minors from the Northern Triangle (Guatemala, Honduras and El Salvador) have been detained at the US border, of those 59 thousand, 17 thousand are from El Salvador. El Salvador is home to some of the most dangerous and ruthless gangs of the twenty-first century. Their ruthlessness comes from 1980s guerrilla warfare experience. In addition, El Salvador serves as a transshipment point for illicit substances from South America into Mexico. These dynamics fuel the homicide rate of the region as local gang members must protect their territory by any means …


The Political Economy Of Conflict In Liberia, Sierra Leone, And Côte D'Ivoire: Foreign Economic Intervention And The Spatial Distribution Of Violent Conflict, Sarai-Anne N. Ikenze Dec 2016

The Political Economy Of Conflict In Liberia, Sierra Leone, And Côte D'Ivoire: Foreign Economic Intervention And The Spatial Distribution Of Violent Conflict, Sarai-Anne N. Ikenze

Master's Theses

Between 1989 and 2011, the three neighboring West African countries of Liberia, Sierra Leone, and Côte d’Ivoire each experienced at least one major civil conflict; and the combined devastation of the conflicts claimed over a million lives, generated millions of refugees, and crippled infrastructure in ways that continue to impact the development of the sub-region today. The occurrence of conflict in the three countries and the fact that they share borders has raised questions about whether the conflicts were caused by domestic factors or were the result of transborder processes of conflict diffusion. This paper will assess the causes of …


Slavery, Migration, And Local Development In The Western Us, Colin Q. Sharpe Dec 2016

Slavery, Migration, And Local Development In The Western Us, Colin Q. Sharpe

Theses and Dissertations

This paper examines the effects of migration from eastern slave states in the 19th century on the subsequent development of counties in the Western US. I find that increased migration from slave states has a large, statistically significant negative effect on 2010 income, and no significant effect on racial inequality or overall income inequality. These findings are robust to a variety of specifications, including controls for geographic factors, state fixed effects, and various county level social and economic conditions. Data on individual migrants suggest that the cause of the negative income effect is the lower average human capital endowment of …


French Economic Stagnation, Karina Vasavada Dec 2016

French Economic Stagnation, Karina Vasavada

Economics Theses

This analysis explores the reasons behind French economic stagnation and discusses why this stagnant state is seemingly irrevocable. Based on a detailed look at the economic regime changes, market restructuring, and the resultant policy direction changes in France starting post-World War II, I contend that the reason for France’s current economic stagnation was their decision to join the EU, resulting in the shift away from dirigisme, a government interventionist economic approach, and toward a market oriented economy. While this assertion goes against the prevalent economic assumption that the market can efficiently govern itself, given the trajectory of the French …


Warlord: The Political And Military Ambitions Of Nazi Germany, William R. Underhill Dec 2016

Warlord: The Political And Military Ambitions Of Nazi Germany, William R. Underhill

Senior Theses

There are so many important stories to consider when thinking about World War II. It is easy to think about the popular aspects of the war: the causes, the major figures, the battles, and, of course, the lasting consequences. Yet there are other, lesser known storylines to consider, ones that have taken a backseat to the more popular narratives of the time. It is commonly understood that Nazi Germany was evil and that they had nothing but ill intentions for the rest of Europe and the world. However, it is vital to understand that Germany’s pre-war intentions are notably different …


Modeling Negotiations Over Water And Ecosystem Management: Uncertainty And Political Viability, Rachael E. Goodhue, Susan Stratton Sayre, Leo K. Simon Dec 2016

Modeling Negotiations Over Water And Ecosystem Management: Uncertainty And Political Viability, Rachael E. Goodhue, Susan Stratton Sayre, Leo K. Simon

Economics: Faculty Publications

We present a modeling approach for generating robust predictions about how changes in institutional, economic, and political considerations will influence the outcome of political negotiations over complex water-ecosystem policy debates. Evaluating the political viability of proposed policies is challenging for researchers in these complex natural and political environments; there is limited information with which to map policies to outcomes to utilities or to represent the political process adequately. Our analysis evaluates the viability of policy options using a probabilistic political viability criterion that explicitly recognizes the existence of modeling uncertainty. The approach is used to conduct a detailed case study …


Solar Urban Planning: Addressing Barriers And Conflicts Specific To Renewable Energy Policy And The Current Field And Practice Of Urban Planning Within The Context Of A Changing Climate, Toryl P. Hanna Dec 2016

Solar Urban Planning: Addressing Barriers And Conflicts Specific To Renewable Energy Policy And The Current Field And Practice Of Urban Planning Within The Context Of A Changing Climate, Toryl P. Hanna

Capstone Collection

The world is in a period of rapid urbanization while experiencing unprecedented rise in global temperature as a result of climate change. Questions have been raised as to how strategies for urbanization will be able to address the fetish for energy, while halting carbon emissions produced by traditional energy sources for urban inhabitants around the world. First, this paper seeks to look to cities, at the intersection of solar energy and the field of urban planning, looking into the opportunities and challenges that are currently surfacing. Conflicts and barriers in traditional urban land use patterns emerge as a topic of …


Wage Shocks And The Technological Substitution Of Low-Wage Jobs, Daniel Aaronson, Brian Phelan Dec 2016

Wage Shocks And The Technological Substitution Of Low-Wage Jobs, Daniel Aaronson, Brian Phelan

Upjohn Institute Working Papers

We extend the task-based empirical framework used in the job polarization literature to analyze the susceptibility of low-wage employment to technological substitution. We find that increases in the cost of low-wage labor, via minimum wage hikes, lead to relative employment declines at cognitively routine occupations but not manually-routine or non-routine low-wage occupations. This suggests that low-wage routine cognitive tasks are susceptible to technological substitution. While the short-run employment consequence of this reshuffling on individual workers is economically small, due to concurrent employment growth in other low-wage jobs, workers previously employed in cognitively routine jobs experience relative wage losses.


Law And The Demise Of The Urban Ghetto Part Ii Dec 2016

Law And The Demise Of The Urban Ghetto Part Ii

The Catholic Lawyer

No abstract provided.


Law And The Demise Of The Urban Ghetto Dec 2016

Law And The Demise Of The Urban Ghetto

The Catholic Lawyer

No abstract provided.


Law And The Ghetto Consumer Dec 2016

Law And The Ghetto Consumer

The Catholic Lawyer

No abstract provided.


St. Cloud Area Quarterly Business Report, Vol. 18, No. 4, King Banaian, Richard A. Macdonald Dec 2016

St. Cloud Area Quarterly Business Report, Vol. 18, No. 4, King Banaian, Richard A. Macdonald

St. Cloud Area Quarterly Business Report

After a quarter in which local firms’ future outlook weakened considerably, the area economy appears to have rebounded in recent months.

Despite some anecdotal evidence of recent regional layoffs, quantitative and qualitative indicators of local economic performance point to improved future conditions in the St. Cloud area. Even though the St. Cloud area labor force was reported to have declined over the past 12 months, area payroll employment (this is obtained from a different source of data than the labor force measure) grew at a 1.8 percent annual rate.

Construction, retail trade and educational and health sectors once again led …


Legal Services And The War On Poverty, Sargent Shriver Dec 2016

Legal Services And The War On Poverty, Sargent Shriver

The Catholic Lawyer

No abstract provided.


Financial Health And The Intensive Margin Of Trade, Deniz Baglan, Hakan Yilmazkuday Dec 2016

Financial Health And The Intensive Margin Of Trade, Deniz Baglan, Hakan Yilmazkuday

Economics Research Working Paper Series

No abstract provided.


Education And Economic Dominance, Daniil Kashkarov Dec 2016

Education And Economic Dominance, Daniil Kashkarov

Undergraduate Economic Review

The paper examines the role of national education in achieving leading positions in global economic relations. Theoretical part uses stock of knowledge accumulated by scholars in the sphere related to human capital. Empirical part uses logistic regressions in order to test for relationship between global economic dominance and national education. Membership in the G20 is used in the models as a dependent categorical variable indicating the fact of the worldwide leadership. The models indicate that human capital and its educational part have statistically significant influence on the probability of becoming worldwide economic leader.