Social and Behavioral Sciences Commons^™

Simulating The Impact Of Emissions Control On Economic Productivity Using Particle Systems And Puff Dispersion Model, Najam Khan

Electronic Theses and Dissertations

A simulation platform is developed for quantifying the change in productivity of an economy under passive and active emission control mechanisms. The program uses object-oriented programming to code a collection of objects resembling typical stakeholders in an economy. These objects include firms, markets, transportation hubs, and boids which are distributed over a 2D surface. Firms are connected using a modified Prim’s Minimum spanning tree algorithm, followed by implementation of an all-pair shortest path Floyd Warshall algorithm for navigation purposes. Firms use a non-linear production function for transformation of land, labor, and capital inputs to finished product. A GA-Vehicle Routing Problem …

Yield Spreads And Business Cycle Downturn Predictability Across Texas, 1991-2018, Aaron Dodson Nazarian, Steven L. Fullerton, Thomas M. Fullerton Jr.

Border Region Modeling Project

This study analyzes Texas state and metropolitan economic downturn predictability. Publicly available Federal Reserve Bank of Dallas dynamic factor business cycle indices are used in the analysis. Sample data cover Texas and nine of its largest metropolitan economies from January 1991 through May 2018. Dynamic autoregressive profit downturn models are estimated using the United States yield spread plus other regional and macroeconomic variables. Predictive accuracy is analyzed using in-sample model simulations. Results indicate that narrowing yield spreads, real peso appreciation, and oil price declines are generally found to increase recession likelihoods. Varying lag structures and equation specifications indicate that the …

Borderplex Business Barometer, Volume 7, Number 1, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Small Firm Electricity Demand In Las Cruces: 1978-2018, Thomas M. Fullerton Jr., Daniel J. Pastor, Michael Pokojovy, Andrew T. Yurachek

Border Region Modeling Project

Research examining small commercial and industrial electricity usage patterns have historically received less attention than residential electricity consumption patterns. This study examines electricity as an input to small firm commercial and industrial (CIS) production in Las Cruces, the second largest metropolitan economy in the state of New Mexico, using annual frequency data from 1978 to 2018. Those data include labor, per capita personal income, price measures for electricity and natural gas, and weather variables. The long-run and short-run elasticities of the data are then estimated using an autoregressive distributed lag model (ARDL). In the long-run, the CIS derived-demand curve is …

Tuberkulosis Di Indonesia: Apakah Status Sosial-Ekonomi Dan Faktor Lingkungan Penting?, Amalia Kusumaningrum, Grace Wulandari, Achmad Kautsar

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to find the social-economic status and environmental factors for tuberculosis in Indonesia by using Indonesia Family Life Survey (IFLS) data in 2014. First, this study analyzes individual characteristics with regression logistic method. Second, this study estimating social-economic status by entering a correction from the first stage. Meanwhile at the third stage, adding factors home environmental conditions and entering a correction from the previous stage. This study find that household income is the affecting factors, especially for households with incomes of less than IDR 600.000. In additions, level education especially high school and college also has a significant …

Peer-To-Peer Energy Trading In Smart Residential Environment With User Behavioral Modeling, Ashutosh Timilsina

Theses and Dissertations--Computer Science

Electric power systems are transforming from a centralized unidirectional market to a decentralized open market. With this shift, the end-users have the possibility to actively participate in local energy exchanges, with or without the involvement of the main grid. Rapidly reducing prices for Renewable Energy Technologies (RETs), supported by their ease of installation and operation, with the facilitation of Electric Vehicles (EV) and Smart Grid (SG) technologies to make bidirectional flow of energy possible, has contributed to this changing landscape in the distribution side of the traditional power grid.

Trading energy among users in a decentralized fashion has been referred …

Decentralizability Of Efficient Allocations With Heterogenous Forecasts, Shurojit Chatterji, Atsushi Kajii

Research Collection School Of Economics

Do price forecasts of rational economic agents need to coincide in perfectly competitive complete markets? To address this question, we define an efficient temporary equilibrium (ETE) within the framework of a two period economy. Although an ETE allocation is intertemporally efficient and is obtained by perfect competition, it can arise without the agents forecasts being completely coordinated on a perfect foresight price. Nevertheless, it entails price forecasts delicately related with each other: we show that regardless of the number of agents, there is a one dimensional set of such Pareto efficient allocations for generic endowments.

A Mixture Autoregressive Model Based On Student’S T–Distribution, Mika Meitz, Daniel Preve, Pentti Saikkonen

Research Collection School Of Economics

A new mixture autoregressive model based on Student’s t–distribution is proposed. A key feature of our model is that the conditional t–distributions of the component models are based on autoregressions that have multivariate t–distributions as their (low-dimensional) stationary distributions. That autoregressions with such stationary distributions exist is not immediate. Our formulation implies that the conditional mean of each component model is a linear function of past observations and the conditional variance is also time-varying. Compared to previous mixture autoregressive models our model may therefore be useful in applications where the data exhibits rather strong conditional heteroskedasticity. Our formulation also has …

R&D Subsidies In Permissive And Restrictive Environment: Evidence From Korea, Yumi Koh, Gea M. Lee

Research Collection School Of Economics

This paper investigates the extent to which a regulatory environment for R&D subsidies shapes the magnitude and direction of R&D subsidies set by a government and consequent innovation paths. When the WTO adopted a permissive regulatory environment, we find that the Korean government increased R&D subsidies significantly (89.21%) and selectively so for firms and industries with higher returns. Recipient firms conducted less basic research and more development research. Improvements in innovations were mostly incremental and minor. However, such changes did not persist once the WTO switched to a restrictive regulatory environment. Our findings show that the regulatory environment imposed by …

Volatility Puzzle: Long Memory Or Antipersistency, Shuping Shi, Jun Yu

Research Collection School Of Economics

The log realized volatility (RV) is often modeled as an autoregressive fractionally integrated moving average model ARFIMA(1, d, 0). Two conflicting empirical results have been found in the literature. One stream shows that log RV has a long memory (i.e., the fractional parameter d > 0). The other stream suggests that the autoregressive coefficient α is near unity with antipersistent errors (i.e., d

Dry Spells And Global Crop Production: A Multi-Stressor And Multi-Timescale Analysis, Uchechukwu Jarrett, Steve Miller, Hamid Mohtadi

Department of Economics: Faculty Publications

More frequent and punctuated severe events such as dry spells are among the more salient manifestations of climate change. Because dry spells often co-occur with drought and heat waves, understanding the effects of dry spells and heat waves requires a multi-timescale and multi-stressor perspective. Using a global panel of daily precipitation and temperature from 1979 to 2016, we provide evidence that 4-5 week dry spells that occur during the hottest part of the year depress growth in crop production. The effects of these extreme events are modified by existing drought, aridity, and by heat waves. After accounting for productivity and …

Examining Neighborhood-Level Hot And Cold Spots Of Food Insecurity In Relation To Social Vulnerability In Houston, Texas, Ryan Ramphul, Linda Highfield, Shreela Sharma

Journal Articles

Food insecurity is prevalent and associated with poor health outcomes, but little is known about its geographical nature. The aim of this study is to utilize geospatial modeling of individual-level food insecurity screening data ascertained in health care settings to test for neighborhood hot and cold spots of food insecurity in a large metropolitan area, and then compare these hot spot neighborhoods to cold spot neighborhoods in terms of the CDC's Social Vulnerability Index. In this cross-sectional secondary data analysis, we geocoded the home addresses of 6,749 unique participants screened for food insecurity at health care locations participating in CMS's …

Chinese Yuan Interest Rate Swap Yields, Tanweer Akram, Khawaja Mamun

WCBT Faculty Publications

This paper models the dynamics of Chinese yuan–denominated long-term interest rate swap yields. It shows that the short-term interest rate exerts a decisive influence on the long-term swap yield after controlling for various macrofinancial variables, such as core inflation, the growth of industrial production, the percent change in the equity price index, and the percentage change in the Chinese yuan exchange rate. The autoregressive distributed lag approach is applied to model the dynamics of the long-term swap yield. The findings reinforce and extend John Maynard Keynes’s conjecture that in advanced countries, as well as emerging market economies such as China, …

Socio-Economic Comparative Analysis Of Front-Of-The-Meter And Behind-The-Meter Microgrids For Panamnik, Olivia C. Amann Mcshea

Cal Poly Humboldt theses and projects

In Northern California, the Karuk Tribe is feeling the effects of climate change on inadequate energy infrastructures leading to unreliable power supply. Improving energy reliability in a way that also increases energy sovereignty is necessary. Renewable energy microgrids have emerged as a pathway forward.

Modeling ownership structures and cash flows for different microgrid configurations can support the Tribe’s implementation of a microgrid in Orleans, CA that maximizes community benefits. This thesis considers a front-of-the-meter (FTM) and behind-the-meter (BTM) configuration, both approximately 2 MW solar PV and 3 MW/12 MWh battery energy storage. Cash flows including capital costs, operations and maintenance …

Section 5 In Action: Reinvigorating The Ftc Act And The Rule Of Law, Lina M. Khan

Faculty Scholarship

The Federal Trade Commission Act of 1914 didn’t just create a new agency. It created new law for that agency to enforce. The heart of that law is Section 5, which provides that ‘unfair methods of competition in or affecting commerce’ are ‘hereby declared unlawful’. In passing this law, Congress also tasked the FTC with identifying the range of methods of competition that qualify as unfair, since lawmakers recognized they could not specify them all prospectively.

This is a straightforward reading of the statute, and yet it is somewhat controversial. There is a school of thought that considers Section 5’s …

Comanagement In Maine: Integrating Fishermen’S Ecological Knowledge Into Government Oversight Of Fisheries, Anne Hayden

Maine Policy Review

Comanagement is the sharing of responsibility for management between fishermen and fisheries agencies. It shifts fishermen’s incentives to include longer term conservation goals, generates fine-scale information for management that would not otherwise be available, and develops fishing strategies that are consistent with conservation. Analysis of comanaged fisheries in Maine, for lobster, clams, river herring, and scallops, indicates that comanagement improves fisheries productivity and is more effective than standard, top-down, broad-scale fisheries management.

Community Science’S Contributions To Fostering Relational Values To Overcome Coastal Ecosystems Challenges, Kanae Tokunaga, Pauline Angione, Bill Zoellick, Gayle Bowness, Sheba Brown, Claire Enterline, Sarah L. Kirn, Abigail Long, Stephanie Sun, Aaron Whitman

Maine Policy Review

This paper applies the emerging concept of ‘relational values’ – values people hold toward their relationships with nature and with each other – and brings attention to the role of community science in enhancing relational ecosystem values. We feature Gouldsboro Shore, Gulf of Maine Research Institute’s (GMRI) coastal flood monitoring, and river herring monitoring and restoration efforts as focal examples. Gouldsboro Shore activates community volunteers and high school students to support the management and resilience of their clam fishery in Gouldsboro, ME. GMRI’s flood monitoring provides a platform for coastal residents to report, monitor, and map coastal flooding in participating …

Is Aquaculture A Path To Community Resilience In Maine?, Benjamin J. Cotton, Caroline L. Noblet, Bruce Wyatt, Keith S. Evans, Mario F. Teisl

Maine Policy Review

Coastal towns across Maine face a number of challenges maintaining resilience, posing a threat in their response to disaster. Aquaculture has been presented as a potential solution for some coastal communities; however, the question of ‘fit’ is a source of debate within Maine. Decision-makers may seek further understanding of citizens’ perceptions of their community’s resilience and marine aquaculture, including preferences for supporting growth of the sector across the state's coastal region. To provide this information, we analyze data from a survey of Maine citizens. We assess residents’ perceptions of community resilience and whether marine aquaculture supports resiliency goals along the …

A Comparative Study On How Governments And Outside Entities Responded To Natural Disasters: Haiti 2010, Ecuador 2016, And Japan 2011 Earthquakes, Cindy Burga-Romero

CMC Senior Theses

With the world becoming more susceptible to natural disasters on account of climate change, it is important to better see and understand the relationship between a country’s economic and political stability to its ability to provide resources and take care of their people and their institutions. This paper looks at 3 earthquake events in the 21st century that have had large disastrous impacts on the country’s infrastructure, economy, and livelihood of people. The events that occurred in Haiti in 2010, in Ecuador in 2016, and in Japan in 2011 have all had major negative impacts on the vastly different countries. …

Balancing Trade And Security During The Us-China Trade War: A Gravity Model Approach To South Korea’S Relations With The United States And China, Nathalie Chavez

CMC Senior Theses

In analyzing monthly trade and gross domestic product (GDP) data for South Korea, China, and the United States from January 2016 to December 2019, this paper attempts to quantify the effects of the US-China Trade War on Korea’s security and economic considerations. By using a three-country gravity model with both monthly and HS Code (harmonized system) fixed effects, it finds the following. First, increases in both real GDP for the United States and China, as well as real GDP for Korea, are positively associated with increases in Korean exports at statistically significant levels. Thus, the general predictions of the gravity …

Application Of Sentiment Analysis And Machine Learning Techniques To Predict Daily Cryptocurrency Price Returns, Edward Wu

CMC Senior Theses

This paper examines the effects of social media sentiment relating to Bitcoin on the daily price returns of Bitcoin and other popular cryptocurrencies by utilizing sentiment analysis and machine learning techniques to predict daily price returns. Many investors think that social media sentiment affects cryptocurrency prices. However, the results of this paper find that social media sentiment relating to Bitcoin does not add significant predictive value to forecasting daily price returns for each of the six cryptocurrencies used for analysis and that machine learning models that do not assume linearity between the current day price return and previous daily price …

Reorienting Local Housing Development Trends Via Land Value Taxation: A Bottom-Up And Top-Down Quantitative Analysis, Dakota B. Walker

Graduate College Dissertations and Theses

The region surrounding Burlington, Vermont is in the midst of sparse, decentralized growth which threatens the sense of place from which it has thrived. Many have argued that such development tendencies result from a disconnect between land use incentives at the individual level and the fruits of compact settlement, which materialize at larger scales. Two overarching problems are understood to contribute to this disconnect; the ability to privately appropriate the collectively-created value of land, and the inability to recognize ecological opportunity costs of natural land conversion in land use decisions. One proposed solution is the Land Value Tax (LVT). By …

A Quantitative Study Of The Impact Of Foreign Aid On Economic Growth And Human Development Index In Afghanistan From 1960-2020, Fareed Ahmadi

Graduate College Dissertations and Theses

The aim of this thesis is to study the impact of aggregate foreign aid (FAID), foreign direct investment (FDI) and exports on economic growth measured by real gross domestic product (GDP) and Human development index (HDI) in Afghanistan from 1960 to 2020. The effectiveness of foreign aid on economic growth is highly contested among scholars and it is open to further research. The existing literature also lacks a comprehensive analysis on Afghanistan; thus, this study will add significant findings to this debate by using Afghanistan as a case study. After the 9/11 attacks on the World Trade Center, the U.S. …

Synergies Between Residents: Evaluating Support And Concerns Of Recreation And Tourism Economic Development Within The Monongahela National Forest Region, Morgan R. Martin

Graduate Theses, Dissertations, and Problem Reports

Tourism has continually been presented as a growing economic sector around the world. Having become an area of increased interest for diversifying rural economies, tourism is an attractive alternative to the declining traditional economic engines of rural communities like agriculture, forestry, and mining. Rural destinations have become increasingly attractive to outside visitors who seek to pursue activities embedded within the local culture and distinctive attractive assets available in rural regions. The USDA has recognized the increasing importance of recreation and tourism economies as an emerging or priority area of national need and an effective means for rural development. Even with …

Prospects For Nuclear Microreactors: A Review Of The Technology, Economics, And Regulatory Considerations, G. Black, D. Shropshire, K. Araújo, A. Van Heek

Economics Faculty Publications and Presentations

The nuclear energy sector is actively developing a new class of very small advanced reactors, called microreactors. This technology has disruptive potential as an alternative to carbon-intensive energy technologies based on its mobility and transportability, resilience, and independence from the grid, as well as its capacity for long refueling intervals and low-carbon emissions. Microreactors may extend nuclear energy to a new set of international customers, many of which are located where energy is at a price premium and/or limited to fossil sources. Developers are creating designs geared toward factory production where quality and costs may be optimized. This paper reviews …

Three Essays On Health And Environmental Economics: Applications Of Spatial Econometrics And Spatial Analysis, Mohammed Syedul Islam

Graduate Theses, Dissertations, and Problem Reports

Spatial interaction and the locational structure between observations play key roles in the field of econometrics for both cross-sectional and panel data analysis. Compared to a non-spatial econometric model, a spatial model relaxes the assumption of independency in observations. This research applies spatial and non-spatial econometrics in three different fields of applied economics: (1) drinking water and air quality violations impacts on lung and bronchus cancer incidence in the contiguous United States (U.S.); (2) spillover effects of non-pharmaceutical interventions (NPIs) on COVID-19 cases across the contiguous U.S. counties; and (3) urbanization impacts on carbon dioxide (CO₂) emissions in …

Time Allocation Pattern For Household And Expenditure Saving Market Activities By Using Economic Value Of Time: A Gender-Based Analysis In Pakistan, Hamna Nasir, Ambreen Fatima, Gulrukh Zahid

Business Review

The objective of this study is to estimate the opportunity cost of time spent on household work and expenditure saving market work performed by individuals by taking into account their personal and socio-demographic characteristics. Data is gathered from Labour Force Survey of Pakistan for different years. Pseudo panel technique is used by making cohorts of household and expenditure saving market activities, region and province. Increase in the opportunity cost of time increases female household work hours and expenditure saving market hours by 6.2 and 7.001 hours/week respectively, whereas increase in the opportunity cost of time increases male household hours and …

An Alternative Perspective On Special Purpose Acquisition Companies (Spacs): Underpricing In The “No Target" Phase, Anna G. Constantine

Honors Projects

Special Purpose Acquisition Companies marked a restructuring of the often-fraudulent 1980s blank check company, an entity gathering funds to merge or acquire another business entity. Based on the Special Purpose Acquisition Company structure, “the stock price should be greater than or equal to the pro-rata trust value, discounted from the SPAC’s expiration date, at all times prior to the shareholder vote date.” In this study, I research the “no target” phase of the Special Purpose Acquisition Company’s lifecycle to evaluate whether there is a difference between their trust value and their market capitalization. Based on previous research, we know that …

Carbon Leakage: Evidence From French Trade Data, Jared Gibbs

Graduate Student Theses, Dissertations, & Professional Papers

Pollution leakage has existed as a concern of both trade theory and domestic policy since questions of the environmental impact of economic activity entered the literature. With the growing threat of climate change and the proliferation of carbon pricing policies around the world, the value of robust estimate of the extent of carbon leakage is particularly acute. Using a pseudo poisson maximum-likelihood (PPML) estimator, I examine French trade volumes to identify potential evidence of carbon leakage. To that end, the net carbon tax between France and its trading partners is regressed on the trade volume in 318 carbon intensive goods. …

An Examination Of Transitioning Meso-Institutions And Markets In The Landscape Of American Politics, Devin Thomas Marconi

Graduate Student Theses, Dissertations, & Professional Papers

This paper bridges the gap in the literature between sociological accounts of market actors provided by Mark Granovetter and Douglas North, meso-institutional examinations of polarization provided by Paul Pierson and Eric Schickler, and the psychological exploration into cross-cutting identities provided by Liliana Mason. I argue that the nationalization and concentration of markets, identities, and politics have led to a transition within the meso-institution of the market from maintaining self-regulating punishment mechanisms to replacing them with self-reinforcing mechanisms, exacerbating affective polarization. Previous works explore the transition within the meso-institutions of the media, interest groups, and political parties. I include the market …