Social and Behavioral Sciences Commons^™

Macroeconomic Monetary Policy And Sub-Macroeconomic Impacts: Evaluation Across Eras, Christopher Douglas Kauffman

Doctoral Dissertations

This study examines the impacts of monetary policy on regions of the United States. The purpose is to show how monetary policy decisions affect the average economy relative to disaggregate components, and to examine the effects over different periods. This will provide broader insight into the workings of the economy beyond the aggregate impacts, and should add a significant amount of information to the current literature on regional monetary effects. To allow for endogeneity between variables, the vector autoregression (VAR) method is used. Impulse response functions (IRFs) are derived to show dynamic responses of regions to a monetary policy shock. …

Justification Of Antisocial Behavior, Wiliam Robert Walton

Doctoral Dissertations

The purpose of this study was to further the study of conditional reasoning (CR) methodology to study personality. The direction of the expansion was two fold. First was to increase the content area of the study of aggressive personality by developing justification mechanisms (JMs) for antisocial behaviors. Second, was to determine the feasibility of using different reasoning-based tasks to measure JMs. Thus the development of a CR based reading comprehension task to measure antisocial JMs was undertaken. This study represents the preliminary investigation of the viability of this measure.

The Conditional Reasoning Reading Comprehension test (CR2C) was administered to 833 …

Endangered Species And U.S. Military Training - What’S The Value?, Jeffrey S. Smith

Doctoral Dissertations

The purpose of this study was to value military training using tradeoffs associated with endangered species. Because of urban sprawl, endangered species are encroaching upon many military training facilities throughout the United States. This encroachment interrupts military training activities and may affect the grounds where training takes place. Laws associated with the Endangered Species Act prevent any activities that may harm or destroy critical habitat necessary to ensure endangered species survival.

Choice modeling, which is a subset of contingent valuation, is a stated preference methodology that allows researchers to question respondents about complex scenarios, and to calculate values based on …

Motor Vehicle Wealth Taxes And Fleet Age: Air Quality Implications, Karie Anne Barbour

Doctoral Dissertations

The objective of this dissertation is to determine whether motor vehicle wealth taxes have unintended consequences for fleet turnover, emissions and air quality. Twenty-eight U.S. states have an annual motor vehicle wealth tax that is based on either the age or value of the vehicle, which results in tax liabilities that decrease with age. Given this structure, households have an incentive to make adjustments to their vehicle stocks in favor of older vehicles. These adjustments may be harmful to the environment as older vehicles have higher emissions.

To achieve this objective I have divided this dissertation into three separate empirical …

Comparison Of The Contingent Valuation Method And The Stated Choice Model For Measuring Benefits Of Ecosystem Management: A Case Study Of The Clinch River Valley, Tennessee, Yuki Takatsuka

Doctoral Dissertations

Several recent studies have compared the stated preference contingent valuation method (CVM) and discrete choice analysis for non-market value. The studies suggest that values derived from the two different methods differ because of the information presented in the contingent market. One explanation is that in the CVM consideration of substitutes typically amounts to a statement reminding the respondent of a budget constraint. In the choice analysis, consideration of substitutes is part of the survey design and the decision process. An alternate explanation is that information on the suite of complementary changes is explicitly recognized in the choice models and is …

Two Essays On Corporate Income Tax Rates And Foreign Direct Investment In The United States, Hapuarachilage Albert Wijeweera

Doctoral Dissertations

This dissertation investigates the relationship between corporate income tax rates and inbound foreign direct investment in the United States. In the two essays presented, the first estimates the effect of the corporate income tax rate on FDI inflows, while controlling for other non-tax variables. The study uses time series data over the period 1957-2002 and employs cointegration techniques and error correction models to estimate the long run and the short run tax responses. The corporate income tax rate is found to exert a significant negative effect on total FDI inflows in the long run. A one percent decrease in the …

Can Fundamental Value Predict Stock Returns? An Empirical Assessment Of The Feltham -Ohlson Model, Colin Anthony Pillay

Doctoral Dissertations

In valuation research, two modeling approaches that have become prominent are those based on the Residual Income Model (RIM) and those based on the G. Feltham-James A. Ohlson framework. Ohlson (1995) develops a valuation model which links a firm's fundamental value to the book value of equity, earnings and other relevant information. Feltham and Ohlson (1995) extend the Ohlson (1995) model to incorporate growth and conservative accounting.

This study provides an evaluation of the Feltham-Ohlson (1995) model assuming market inefficiency. Analyst forecast data are obtained from the international I/B/E/S files. Financial information and share prices are obtained from the Compustat …