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Articles 1 - 28 of 28

Full-Text Articles in Social and Behavioral Sciences

Residential Electricity Consumption In Las Cruces, New Mexico, Usa, Thomas M. Fullerton Jr., Felipe F. Mejía Sep 2020

Residential Electricity Consumption In Las Cruces, New Mexico, Usa, Thomas M. Fullerton Jr., Felipe F. Mejía

Departmental Papers (E & F)

This study examines how residential electricity consumption (KWHC) reacts to changes in the price of electricity, the price of natural gas, real income per capita, heating degree days, and cooling degree days. Annual frequency data analyzed are for Las Cruces, the second largest metropolitan economy in New Mexico. The sample period is 1977 to 2016. An Autoregressive-Distributed Lag model (ARDL) is employed to obtain long-run and short-run elasticities. In the long-run, residential consumption does not respond in a statistically reliable manner to any of the explanatory variables. All of the coefficient signs are as expected and those for real per …


Empirical Mysteries Of The 2016-17 Nba Regular Season, Thomas M. Fullerton Jr., James H. Holcomb, Michael L. Jaeger Jun 2020

Empirical Mysteries Of The 2016-17 Nba Regular Season, Thomas M. Fullerton Jr., James H. Holcomb, Michael L. Jaeger

Departmental Papers (E & F)

This study examines the on-court performance of the thirty National Basketball Association (NBA) teams during the 2016-17 NBA basketball season. Cross sectional data are employed to analyze wins for the 2016-17 NBA basketball season. Although the results are inconclusive, there is one notable outcome in the form of a negative correlation between team payrolls and victories. Field goal percentage is, similarly, also reliably associated with team wins. In general, the outcomes obtained stand in contrast to those reported in prior analyses conducted for major League Baseball and the National Football League. Replication of this study for the 437 teams in …


Regional Household Economic Stress And Retail Sales Fluctuations, Thomas M. Fullerton Jr., Ana P. Gutierrez-Zubiate May 2020

Regional Household Economic Stress And Retail Sales Fluctuations, Thomas M. Fullerton Jr., Ana P. Gutierrez-Zubiate

Departmental Papers (E & F)

Economic stress indices are used to monitor business cycle conditions in several regions.Although the deployment of these tools is spreading, there have been relatively few efforts to empirically assess the performance of these gauges, especially at the regional level.This study takes advantage of one such index that is published monthly and has more than 15 years of historical data.Results obtained confirm an inverse relationship between household economic duress and retail sales activity, but it is not found to be statistically reliable over the long-run.Deviations from equilibrium are found to last for 142 months.More relevantly, a 1-point increase in the index …


Cross-Border Shopping And Employment Patterns In The Southwestern United States, Thomas M. Fullerton Jr., Adam G. Walke Nov 2019

Cross-Border Shopping And Employment Patterns In The Southwestern United States, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

Price differentials, among other factors, persuade many residents of Northern Mexico to shop in the Southwestern United States border region. Employment patterns in the latter region are studied using a set of control variables and two indicators that are likely to influence crossborder shopping patterns. The first is a real exchange rate index, which captures changes in relative prices in the United States and Mexico. The second is real per capita gross state product in Mexican states adjacent to the international boundary. Both of these variables are found to impact retail and restaurant employment in the United States border zone, …


Mexican Migration Flows To The United States: The Impact Of Business Cycles On Immigration To The United States, Jesus E. Mendoza, Nathan J. Ashby Feb 2018

Mexican Migration Flows To The United States: The Impact Of Business Cycles On Immigration To The United States, Jesus E. Mendoza, Nathan J. Ashby

Departmental Papers (E & F)

Using Mexican consulate data on Mexican presence in US states, a panel data model is constructed from yearly data to analyze the effects of different determinants of migration flows. The determinants of migration flows analyzed are the US and Mexican state business cycles, home and host state populations, Mexican state crime rates, remittances received by Mexican states, and the nominal exchange rate. Fixed effects regressions suggest that stronger US economic activity attracts immigrants to a given US state while an expanding economy in the home state tends to decrease emigration. Higher remittances also tends to decrease emigration out of Mexico. …


Nominal Exchange Rate Dynamics For The Taka, Thomas M. Fullerton Jr., Dipanwita Barai, Adam G. Walke Jun 2017

Nominal Exchange Rate Dynamics For The Taka, Thomas M. Fullerton Jr., Dipanwita Barai, Adam G. Walke

Departmental Papers (E & F)

Error correction modeling is used to model the nominal exchange rate for the Bangladeshi taka. Based on existing trade volumes and trade practices, the bilateral exchange rate of the taka with the dollar is analyzed. Annual frequency data are utilized for the study. The sample data cover the four decade period from 1976 to 2015. Results indicate that a balance of payments modeling approach performs more reliably than a monetary balances approach.


Metropolitan Business Cycle Analysis For Lubbock, Thomas M. Fullerton Jr., Macie Z. Subia Mar 2017

Metropolitan Business Cycle Analysis For Lubbock, Thomas M. Fullerton Jr., Macie Z. Subia

Departmental Papers (E & F)

This study develops a business cycle index (BCI) for Lubbock Metropolitan Statistical Area (MSA). The Stock & Watson (1989; 1991; 1993) methodology is used to develop the BCI and assumes that the co-movements of key economic indicators have a single underlying, unobservable factor. This factor is extracted from the indicators and used to calculate an index that represents economic conditions through an econometric approach. The model uses the Kalman filter smoothing approach which smooths across variables and over time. This results in an index that is smoother with less pronounced expansions and recessions. Indicator series used for the study are: …


Inflationary Dynamics In Guatemala, Thomas M. Fullerton Jr., Miguel Martinez, Wm. Doyle Smith, Adam G. Walke Dec 2015

Inflationary Dynamics In Guatemala, Thomas M. Fullerton Jr., Miguel Martinez, Wm. Doyle Smith, Adam G. Walke

Departmental Papers (E & F)

Short-run price dynamics for Guatemala are analyzed using a linear transfer function methodology. This approach has previously been employed for other national economies such as the United States, Mexico, Colombia, Ecuador, and Nigeria. The data for this study range from 1960 to 2010. Inflation is measured using the consumer price index. Explanatory variables include the monetary base, real output, interest rates, and the exchange rate. All of the estimated coefficients exhibit the arithmetic signs hypothesized by the theoretical model. Almost all of the parameter estimates satisfy the 5-percent significance criterion and all exhibit economically plausible magnitudes. Estimation results indicate that …


Mexico Consensus Economic Forecast, Volume 17, Number 4, Thomas M. Fullerton Jr., Adam G. Walke Oct 2014

Mexico Consensus Economic Forecast, Volume 17, Number 4, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 17, Number 3, Thomas M. Fullerton Jr, Adam G. Walke Jul 2014

Mexico Consensus Economic Forecast, Volume 17, Number 3, Thomas M. Fullerton Jr, Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 17, Number 2, Thomas M. Fullerton Jr., Adam G. Walke Apr 2014

Mexico Consensus Economic Forecast, Volume 17, Number 2, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Are Online Pharmacy Prices Really Lower In Mexico?, Thomas M. Fullerton Jr., Adam G. Walke Mar 2014

Are Online Pharmacy Prices Really Lower In Mexico?, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

Empirical research on international pharmaceutical prices has uncovered numerous interesting commonalities and differences across international markets. This study examines price differences for brand name medicines sold over the Internet in the United States and Mexico. Web sites in both countries advertise their services in English and price their products in dollars. Sample data for 50 topselling medicines are from October 2011 for equal dosages on a per unit basis, exclusive of shipping fees, handling charges, and taxes. For a few medicines, the savings available to consumers who purchase them from companies in Mexico are very large. For most medicines in …


Mexico Consensus Economic Forecast, Volume 17, Number 1, Thomas M. Fullerton Jr., Adam G. Walke Jan 2014

Mexico Consensus Economic Forecast, Volume 17, Number 1, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 16, Number 4, Thomas M. Fullerton Jr., Adam G. Walke Oct 2013

Mexico Consensus Economic Forecast, Volume 16, Number 4, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 16, Number 3, Thomas M. Fullerton Jr., Adam G. Walke Jul 2013

Mexico Consensus Economic Forecast, Volume 16, Number 3, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 16, Number 2, Thomas M. Fullerton Jr., Adam G. Walke Jun 2013

Mexico Consensus Economic Forecast, Volume 16, Number 2, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Organized Crime And Retail Activity Along The Northern Border In Mexico, Adam G. Walke, Thomas M. Fullerton Apr 2013

Organized Crime And Retail Activity Along The Northern Border In Mexico, Adam G. Walke, Thomas M. Fullerton

Departmental Papers (E & F)

The impacts of homicides committed by organized crime have affected northern Mexico in a high profile manner between 2008 and 2011. This article examines the impacts of those crime waves on retail activity in the six largest northern border metropolitan economies of Mexico. Retail losses due to violence of this nature are quantified forall six cities. Potential gains related due reductions in organized crime homicides are also calculated.


Mexico Consensus Economic Forecast, Volume 16, Number 1, Thomas M. Fullerton Jr., Adam G. Walke Jan 2013

Mexico Consensus Economic Forecast, Volume 16, Number 1, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Borderplex Economic Outlook: 2013-2015, Thomas M. Fullerton Jr., Adam G. Walke Jan 2013

Borderplex Economic Outlook: 2013-2015, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 15, Number 4, Thomas M. Fullerton Jr, Adam G. Walke Oct 2012

Mexico Consensus Economic Forecast, Volume 15, Number 4, Thomas M. Fullerton Jr, Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 15, Number 3, Thomas M. Fullerton Jr., Adam G. Walke Jul 2012

Mexico Consensus Economic Forecast, Volume 15, Number 3, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 15, Number 2, Thomas M. Fullerton Jr., Adam G. Walke Apr 2012

Mexico Consensus Economic Forecast, Volume 15, Number 2, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 15, Number 1, Thomas M. Fullerton Jr., Adam G. Walke Jan 2012

Mexico Consensus Economic Forecast, Volume 15, Number 1, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 14, Number 4, Thomas M. Fullerton Jr., Adam G. Walke Oct 2011

Mexico Consensus Economic Forecast, Volume 14, Number 4, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 14, Number 3, Thomas M. Fullerton Jr., Adam G. Walke Jul 2011

Mexico Consensus Economic Forecast, Volume 14, Number 3, Thomas M. Fullerton Jr., Adam G. Walke

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 14, Number 2, Thomas M. Fullerton Jr., Carlos Morales, Francisco Pallares Apr 2011

Mexico Consensus Economic Forecast, Volume 14, Number 2, Thomas M. Fullerton Jr., Carlos Morales, Francisco Pallares

Departmental Papers (E & F)

No abstract provided.


Mexico Consensus Economic Forecast, Volume 14, Number 1, Thomas M. Fullerton Jr., Teodulo Soto Jan 2011

Mexico Consensus Economic Forecast, Volume 14, Number 1, Thomas M. Fullerton Jr., Teodulo Soto

Departmental Papers (E & F)

No abstract provided.


Tolls, Exchange Rates, And Borderplex Bridge Traffic, Marcycruz De Leon, Thomas M. Fullerton Jr., Brian W. Kelley Jan 2009

Tolls, Exchange Rates, And Borderplex Bridge Traffic, Marcycruz De Leon, Thomas M. Fullerton Jr., Brian W. Kelley

Departmental Papers (E & F)

Budget constraints are forcing many governments to consider implementing tolls as a means for financing bridge and road expenditures. Newly available time series data make it possible to analyze the impacts of toll variations and international business cycle fluctuations on cross-border bridge traffic between El Paso and Ciudad Juarez. Parameter estimation is carried out using a linear transfer function ARIMA methodology. Price elasticities of demand are similar to those reported for other regional economies, but out-of-sample forecasting results are mixed.