Social and Behavioral Sciences Commons^™

Using Video Clips To Teach Creative Destruction, Arthur M. Diamond Jr.

Economics Faculty Publications

Stories are memorable and convincing. One way to efficiently tell stories is through movie and video clips. I summarize several video clips that may be useful in teaching aspects of Schumpeter’s important theory of creative destruction. Among the clips discussed are: Hugh Laurie’s Protest Song, electric light segment from a documentary on the 1898 Trans-Mississippi Exposition, eBay Toy Boat Ad, Miss Princess Fun Brick Ad, Moscow toilet paper queue scene, the New York coffee aisle scene from Moscow on the Hudson, and Peck and DeVito’s speeches from Other People’s Money.

JEL Codes: A2, O31, O43

Empirical Analysis Of Provincial Energy Efficiency In China, Chu Wei, Jinlan Ni, Manhong Sheng

Economics Faculty Publications

This paper proposes an energy efficiency index based on the data envelopment analysis approach. The index is used to examine energy efficiency in China. Using 1997-2006 panel data for 29 provinces, we find that energy efficiency is negatively associated with the secondary industry share in GDP, the state-owned economic share in GDP and the government expenditure share in GDP, and is positively associated with the technical level and non-coal share in energy consumption. In addition, we find that there exists a large gap in energy efficiency among eastern, central and western regions. The eastern region has a significantly higher energy …

The Effects Of Portfolio Size On International Equity Home Bias Puzzle, Jinlan Ni

Economics Faculty Publications

This paper investigates a new explanation for the international equity home bias puzzle based on an endogenous asymmetric information model. Using a cross-sectional mutual fund data set, it is found that the degrees of home bias across fund managers are negatively correlated to the asset sizes under their management. This result is consistent with the theoretical prediction in the endogenous asymmetric information model—the portfolio managers with the larger assets tend to acquire more information regarding foreign equity and, hence, hold more foreign equity holdings.

The Impact Of Military Forts On Agricultural Investments On The Great Plains In 1880, Christopher Decker, David T. Flynn

Economics Faculty Publications

We empirically investigate the relationship between agricultural development and proximity to military forts in Kansas, Nebraska, and Colorado in 1880. Agricultural investments are substantially higher in counties where a military fort is present, suggesting that military forts stimulated agricultural development on the Great Plains. However, the reverse is not true; there is no statistical support for the notion that forts necessarily located in counties where substantial development was already occurring. Moreover, we found that while the presence of a military fort has the effect of increasing agricultural development, there is no evidence that such a presence sustained agricultural development.