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Articles 1 - 16 of 16
Full-Text Articles in Social and Behavioral Sciences
A Question Of Motivations: Determining Why Donor Countries Give Aid, Sarah Fuller '02
A Question Of Motivations: Determining Why Donor Countries Give Aid, Sarah Fuller '02
Res Publica - Journal of Undergraduate Research
Despite the fact that foreign aid has been around in its present form since World War II, foreign aid analysis, especially from the donor's point of view, has been and continues to be highly contested. In 1992, the United Nations claimed that "ODA [Official Development Assistance] allocation is 'strange and arbitrary'" and "ODA is determined not by the needs of developing countries, but by the fluctuating goodwill of the people and their parliaments in the rich countries. As a result, it is largely ad hoc and unpredictable" (United Nations Development Programme, 45). This statement cannot, however, explain why Africa is …
Are Art Students Nicer Than Economics Students? A Discussion Of How Economic Game Theory Predicts That Art And Economics Students Differ In Terms Of Reciprocity, Abigail Claiborne
Are Art Students Nicer Than Economics Students? A Discussion Of How Economic Game Theory Predicts That Art And Economics Students Differ In Terms Of Reciprocity, Abigail Claiborne
University Avenue Undergraduate Journal of Economics
Neoclassical economic game theory predicts that a player’s goal is to maximize her income regardless of others. In playing the Ultimatum Game this means that Allocators will allocate the minimum amount and the Responders will accept that amount because something is better than nothing. Economics students behave differently because they self-select into that field already thinking as economists do and while studying economics they adapt their behaviors to economic theory. Therefore it is natural to assume that Economics students will act according to theory and that non-economics students will not. The Smith College study between Art students and Economics students …
Prices, Legalisation And Marijuana Consumption, Mert Daryal
Prices, Legalisation And Marijuana Consumption, Mert Daryal
University Avenue Undergraduate Journal of Economics
The debate concerning the legalisation of marijuana is intensifying. As the price of marijuana would most likely decrease following legalisation, the law of demand implies that consumption would rise. But by how much? This paper analyses the effect of legalisation on consumption by using data from a specifically-conducted survey of first year students at The University of Western Australia. The results indicate that 53 percent of students have consumed marijuana with males exhibiting a higher intensity than females. The results also show that legalisation would cause consumption to increase by approximately 4 percent. Both legalisation and a 50 percent fall …
Cooperation Within Anarchy: A Case Study Of The Success Of Commercial Banking During The Lebanese Civil War, Mona Kalash
Cooperation Within Anarchy: A Case Study Of The Success Of Commercial Banking During The Lebanese Civil War, Mona Kalash
University Avenue Undergraduate Journal of Economics
This paper analyses the success of the Lebanese banking system during the Lebanese civil war, which lasted from 1975 until 1989. As the rest of the economy plunged into recession due to intense warfare and governmental collapse, the bankers and their clients continued to cooperate across battle lines in the loaning business. The argument of the paper is that the linkage of social and economic games and the importance of reputation in business created incentives for bankers and businessmen to cooperate in the Prisoner’s Dilemma game of lending and borrowing. I challenge the theoretical perspective that cooperation is not possible …
English Language Proficiency And Wage Rates Of Mexican Immigrants, Jeremy Sandford
English Language Proficiency And Wage Rates Of Mexican Immigrants, Jeremy Sandford
University Avenue Undergraduate Journal of Economics
This paper studies the effect of English language deficiency on the wage rates of Mexican immigrants. Using a sample of 81,059 labor market male Mexican Immigrants taken from Census PUMS data, I find that the direct effect of English language deficiency on earnings is virtually nonexistent for immigrants with low education and experience levels. The results show that only immigrants with at least a high school education or some US labor market experience will make less than their immigrant counterparts who speak English very well. The cost of language deficiency to those with some education or experience, however, is large. …
Discrimination Against Canadian Colours, Veevek Thankey
Discrimination Against Canadian Colours, Veevek Thankey
University Avenue Undergraduate Journal of Economics
Canada is a nation of immigrants. Decades of open and compassionate immigration policies have earned Canada a solid reputation abroad in this regard. However, as long as there has been immigration in this country, concerns have existed over the impact of immigration on the labour market and, more importantly, the role that discrimination plays regarding income differentials. This paper will analyze the earning differentials of immigrants, which shall be defined as ethnic minorities.
The World Grain Economy To 2050: A Dynamic General Equilibrium, Two Sector Approach To Long-Term World-Level Macroeconomic Forecasting, Benn Eifert, Carlos Galvez, Naureen Kabir, Avinash Kaza, Jack Moore, Christine Pham
The World Grain Economy To 2050: A Dynamic General Equilibrium, Two Sector Approach To Long-Term World-Level Macroeconomic Forecasting, Benn Eifert, Carlos Galvez, Naureen Kabir, Avinash Kaza, Jack Moore, Christine Pham
University Avenue Undergraduate Journal of Economics
Though fifty years is a tremendous time horizon for the forecasting of any trend involving the complex interactions of billions of people and billions of hectares of intricate planetary ecosystems, the analytic methodology of economics is the most capable toolbox available for such forecasting. At the center of such a forecast are two complex functions, supply and demand, coevolving over time and codetermining prices, production, investment, labor flows, export patterns, and most other major variables.
The Political Economy Of Wto Dispute Settlement: Toward A Synthesis Of International Regime Theories, Christopher L. Griffin
The Political Economy Of Wto Dispute Settlement: Toward A Synthesis Of International Regime Theories, Christopher L. Griffin
University Avenue Undergraduate Journal of Economics
This paper analyzes the explanatory power of mainstream international regime theories from the international political economy (IPE) literature—neoliberalism, realism, and cognitivism—through formal econometric techniques. I use a data set based on 162 dispute settlement cases since the inception of the World Trade Organization and find that the probability of a Dispute Settlement Panel (DSP) forming depends on the share of exports for a target country as a share of its total exports as well as relative gaps in military expenditures (as a share of GDP). These results are highly robust to different model specifications and control variable choice. Though the …
Intergenerational Problems Of Stability And Justice: Public Goods And Just Saving, Andrew Hayashi
Intergenerational Problems Of Stability And Justice: Public Goods And Just Saving, Andrew Hayashi
University Avenue Undergraduate Journal of Economics
Rawls notes that the question of justice between generations “subjects any ethical theory to severe if not impossible tests.” (A Theory of Justice (TOJ), p. 251) and the difference principle Rawls argues for in A Theory of Justice is inapplicable to the problem of justice between generations. Specifically, the fact that there “is no way for later generations to help the least fortunate earlier generation…[means that] the difference principle does not hold for the question for justice between generations.” (TOJ p.254) Curiously, despite Rawls’ warning, there is vein of literature that endeavors to show that the difference principle …
Macroeconomic Reform And Policy: The Case Of Peru - Analyzing The Effects Of Some Major Economic, Political And Social Changes In The Peruvian Financial Market For The Period Between 1990 And 1992, Marco A. Hernandez
University Avenue Undergraduate Journal of Economics
This paper discusses the effects of the changes in economic policies and important events, between 1990 and 1992, on the values of an economic sector's equity in Peru. I use event studies to explain the differences in returns during the event window in the main economic sectors in Peru including mining, beer, banking and industrial sector. Four key events are analyzed: The Fujishock, the announcement of policy changes and changes in the legal system, Fujimori's announcement of the dissolution of Congress and the suspension of the Constitution, and the capture of the chief of the Shining Path guerrillas, Guzman. …
Czech Voucher Privatization: A Case Of Decision Making Under Uncertainty, Katia Hristova
Czech Voucher Privatization: A Case Of Decision Making Under Uncertainty, Katia Hristova
University Avenue Undergraduate Journal of Economics
In my study, I plan to analyze voucher privatization in the Czech Republic. This process is best characterized as decision making under both risk and uncertainty, where the thousands of individuals who initially received vouchers were operating under near total uncertainty while larger institutional investors who later seized control of the vouchers were operating under conditions of risk. I will analyze the resulting patterns of ownership in comparison to the goals of the process. I will also discuss the role of the International Monetary Fund and World Bank as institutions which affect the conditions under which voucher privatization was conducted. …
The Cellular Divide: A Comparative Analysis Of Mobile Phone Usage In Spain And The United States, Deborah J. Slezak
The Cellular Divide: A Comparative Analysis Of Mobile Phone Usage In Spain And The United States, Deborah J. Slezak
University Avenue Undergraduate Journal of Economics
The usage of mobile phones has dramatically increased in the past decade, narrowing the boundaries of size, space, and time. It is this “death of distance” that will be the single most important economic force shaping all of society over the next half century. The economic prosperity of the United States has contributed to the increase in this “luxury” telecommunication device, but how can the rapid increase in European countries with lower per capita incomes such as Spain be explained? The purpose of this paper is to examine mobile phone usage and penetration rates in the United States compared to …
The Relationship Between Economic Freedom And Socio - Economic Development, Anisha Madan
The Relationship Between Economic Freedom And Socio - Economic Development, Anisha Madan
University Avenue Undergraduate Journal of Economics
This research study assumes that people will be better off if there is greater equality of income, if per capita income increases, and if they have better access to education and health care through which they can lead a more fulfilling life. The World Health Organization defines health as a state of complete physical, mental, and social well being and not merely the absence of disease and infirmity. Education is a basic need because it improves skills, improves productivity, and lowers reproductivity by improving the status of women. Education also contributes to meeting other basic needs. If the behavioral changes …
The Economic Impact Of Native American Gaming: Cost-Benefit Analysis Of The Mashantucket Pequot Tribal Nation, Lisa Borromeo
The Economic Impact Of Native American Gaming: Cost-Benefit Analysis Of The Mashantucket Pequot Tribal Nation, Lisa Borromeo
University Avenue Undergraduate Journal of Economics
The purpose of this paper is to put the economic and social importance of Indian gambling on and off the reservation into perspective. Because the economic and social effects of Indian gaming are additive, one cannot form a coherent picture of the net impact of gaming without measuring both the economic and social effects (Cornell et al., 1998). Because gambling has impacts beyond reservation boundaries, studying the surrounding local economy is a necessary action. As both the number of tribes with gaming operations and the magnitude of the operations increase, so do their effects. This paper combines a general overview …
Investing In The Arts: Financial And Aesthetic Returns To Prints, Adam Finkelstein
Investing In The Arts: Financial And Aesthetic Returns To Prints, Adam Finkelstein
University Avenue Undergraduate Journal of Economics
This paper will revisit the economic question “is buying art profitable?” facing any potential investor by focusing specifically on the market for prints. The answer will account for both pecuniary and aesthetic benefits. Previous inquiry into the returns of investments in art and their methodologies is first reviewed. Then a framework for measuring utility from prints from market-observed leasing prices is described. Various price indexes for returns to Picasso and Chagall prints are compiled for the years 1977 to 1997 using a market basket technique. The indexes are then combined with the utility framework. Real and nominal returns to prints, …
Financial Intermediation And National Growth: Why India Needs To Further Develop Its Stock Markets, Deepika Gupta
Financial Intermediation And National Growth: Why India Needs To Further Develop Its Stock Markets, Deepika Gupta
University Avenue Undergraduate Journal of Economics
The aim of this paper is twofold: to show the positive growth effect on economies through steady stock market growth, and to analyze the performance of India’s stock markets over the last decade on national growth. I start out in Section I with economic analyses of the high correlation between stock market indicators and the development of all financial institutions. Studies conducted by other economists prove correlations between the stock market and other macroeconomic indicators such as liquidity, level of banking, volatility, consumption, income and stock prices. Section II is a detailed case analysis of the Bombay Stock Exchange (BSE) …