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Full-Text Articles in Social and Behavioral Sciences

Policy Challenges In A Dual Exchange Rate Regime, Sven W. Arndt Aug 2012

Policy Challenges In A Dual Exchange Rate Regime, Sven W. Arndt

CMC Faculty Publications and Research

It is known that the effectiveness of macro policies depends on the exchange-rate regime. Pertinent models have typically considered either fixed or floating rates rather than mixed regimes. In recent years, however, the dollar has floated against most currencies, while being fixed against the yuan. This paper argues that a flex-price, dual-rate model consisting of the U.S., China and the Eurozone, combined with distinct adjustment patterns in tradables and non-tradables sectors and a tendency for policy makers to treat inflation in housing as pure asset inflation, provides a plausible explanation of the great moderation and its aftermath.


A Story Of Four Revolutions: Mechanisms Of Change In India, Aseema Sinha Jul 2012

A Story Of Four Revolutions: Mechanisms Of Change In India, Aseema Sinha

CMC Faculty Publications and Research

Sumit Ganguly and Rahul Mukherji’s India Since 1980 presents a bold and ambitious argument about change across and within India. Its unique contribution lies in its description of four distinct revolutions: social-political, economic, foreign policy, and religious. While many recent books have noted changes in India’s economy and foreign policy, India Since 1980 will be known for its juxtaposition of four different themes in one short, pithy volume. Even if one may disagree with the authors’ choice of the four dimensions of change, the book’s dominant message is that India is changing across a whole range of ...


The Full Cost Of Renewables: Managing Wind Integration Costs In California, William Savage May 2012

The Full Cost Of Renewables: Managing Wind Integration Costs In California, William Savage

Pomona Senior Theses

Wind power will be an important component of California's aggressive strategies to meet its greenhouse gas reduction targets by the year 2020. However, the costs of integrating wind power's variable and uncertain output are often ignored. I argue that California must take prudent action to understand, minimize, and allocate wind integration costs. A review of numerous studies suggests that for wind penetration levels below 20%, integration costs should remain modest. However, costs are heavily dependent on market structure, and I suggest numerous ways that California can optimize its market design to manage wind integration costs.


Female Labor Force Participation In Argentina, 1980-2003: Gendered Trends And Responses To Crisis, Natalie Butterfield May 2012

Female Labor Force Participation In Argentina, 1980-2003: Gendered Trends And Responses To Crisis, Natalie Butterfield

Scripps Senior Theses

How do the experiences of women in the labor market differ from the experiences of men? Do economic crises affect their labor market decisions differently? Economists have investigated the responses of women to specific moments of crisis in Argentina – the country lends itself well to this analysis, as the last three decades of its history have seen both economic growth and financial collapse. With the crisis literature in mind, I investigate trends in female labor force participation rates in Argentina between 1980-2003, finding that while some evidence supports the “added worker effect” hypothesis, more research must be done to understand ...


Arsenic Contamination In Groundwater In Vietnam: An Overview And Analysis Of The Historical, Cultural, Economic, And Political Parameters In The Success Of Various Mitigation Options, Thuy M. Ly May 2012

Arsenic Contamination In Groundwater In Vietnam: An Overview And Analysis Of The Historical, Cultural, Economic, And Political Parameters In The Success Of Various Mitigation Options, Thuy M. Ly

Pomona Senior Theses

Although arsenic is naturally present in the environment, 99% of human exposure to arsenic is through ingestion. Throughout history, arsenic is known as “the king of poisons”; it is mutagenic, carcinogenic, and teratogenic. Even in smaller concentrations, it accumulates in the body and takes decades before any physical symptoms of arsenic poisoning shows. According to the World Health Organization (WHO), the safe concentration of arsenic in drinking water is 10 µg/L. However, this limit is often times ignored until it is decades too late and people begin showing symptoms of having been poisoned.

This is the current situation for ...


Slammer Time: A Cost-Effective Analysis Of The California State Prison System And Its Impact On Crime, Rebecca P. Manliguis Apr 2012

Slammer Time: A Cost-Effective Analysis Of The California State Prison System And Its Impact On Crime, Rebecca P. Manliguis

Scripps Senior Theses

At a time where cutbacks on spending are a huge focal point across all government levels, the prison system, and effectively combating crime, has been intensely focused upon. With the United States having the highest rate of incarceration of any country in the world, the significance of this focus is understandable. Its prison system is much larger compared to that of other nations, and therefore is a high priority for the United States. As stated in The Economist, “No other rich country is nearly as punitive as the Land of the Free.” With such high costs associated with the prison ...


Willy Brandt’S Ostpolitik: The Changing Role In United States-West German Relations, An Analysis Of United States Government Internal Documents, Sara A. Popovich Apr 2012

Willy Brandt’S Ostpolitik: The Changing Role In United States-West German Relations, An Analysis Of United States Government Internal Documents, Sara A. Popovich

Scripps Senior Theses

This thesis analyzes a crucial period in the relations between the Federal Republic of Germany and the United States of America, through the use of US government internal documents. Willy Brandt brought forth a new vision of Ostpolitik that was starkly different from policies that the US had dealt with before, subsequently leaving the Nixon Administration largely unsure of how to react. The change in FRG economic positioning vis-à-vis the United States, and catalyst political events in the 1960’s, created the impetus for Brandt’s vision of OStpolitik, which culminated in the interim West German control of the Western ...


The Impacts Of The Fukushima Daiichi Nuclear Disaster On Electricity Consumption: An Examination Of Tepco's Daily Load Curve, Kristina B. Stanford Apr 2012

The Impacts Of The Fukushima Daiichi Nuclear Disaster On Electricity Consumption: An Examination Of Tepco's Daily Load Curve, Kristina B. Stanford

Scripps Senior Theses

This paper analyzes the effects of the Fukushima Daiichi nuclear disaster on Tokyo Electric Power Company’s (TEPCO) electricity load using alternative event study methodology. The data set includes TEPCO’s published hourly loads from January 1, 2008 to December 31, 2011. Four time series regressions are used to analyze the disaster’s effect on TEPCO’s load curve at an hourly and aggregate level. By examining the hourly impacts of the disaster, this paper provides commentary on the effects of the disaster on the daily load curve, finding transition periods to be the time of day that is most ...


School Choice And Voucher Systems: A Comparison Of The Drivers Of Educational Achievement And Of Private School Choice, Courtney Sibert Apr 2012

School Choice And Voucher Systems: A Comparison Of The Drivers Of Educational Achievement And Of Private School Choice, Courtney Sibert

Scripps Senior Theses

Despite promotion by well-known economists and supporting economic theory, econometric analyses of voucher systems often find that they have been unsuccessful in improving traditional measures of educational success. This paper examines a possible explanation of this phenomenon by comparing the drivers of educational achievement and of school popularity by examining private school choice. The findings of this paper indicate that there is a disconnect between school success and school popularity, which adversely effects both the demand and supply-side benefits of voucher systems. Additionally, this paper reviews matching mechanisms that seek to efficiently match students with schools based on both student ...


‘They Won't Work!’ - Efficacy Of An Active Labor Market Policy From The Perspective Of Psychology, Marco Meissner Mar 2012

‘They Won't Work!’ - Efficacy Of An Active Labor Market Policy From The Perspective Of Psychology, Marco Meissner

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.


Big Bang Vs. Gradualism, Lauren Sims Feb 2012

Big Bang Vs. Gradualism, Lauren Sims

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.


Strong Euro Weakening Dollar: A Potential Economic Demise, Guadalupe F. Garcia Feb 2012

Strong Euro Weakening Dollar: A Potential Economic Demise, Guadalupe F. Garcia

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.


Understanding Immigrant Behavior In Denmark: The Immigrant Enclave And Employment Rate Paradox, Andrew Christensen Feb 2012

Understanding Immigrant Behavior In Denmark: The Immigrant Enclave And Employment Rate Paradox, Andrew Christensen

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.


Eu's Common Foreign Policies Towards Russia: Past, Present And Future, Yigit Canay Feb 2012

Eu's Common Foreign Policies Towards Russia: Past, Present And Future, Yigit Canay

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.


Icy/Hot: Norwegian And Finnish Policy Toward The European Union, Mia Bennett Feb 2012

Icy/Hot: Norwegian And Finnish Policy Toward The European Union, Mia Bennett

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.


Theorizing The Odds: The European Union, Online Gambling Regulation And Integration Theory, Alexis Spencer-Notabartolo Feb 2012

Theorizing The Odds: The European Union, Online Gambling Regulation And Integration Theory, Alexis Spencer-Notabartolo

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.


Union Royale Belge De Sociétés De Football Association Asbl V. Jean-Marc Bosman: The Evolution Of Labor Law In Professional Soccer And Its Implication, Marvin Smith Feb 2012

Union Royale Belge De Sociétés De Football Association Asbl V. Jean-Marc Bosman: The Evolution Of Labor Law In Professional Soccer And Its Implication, Marvin Smith

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.


Economic And Monetary Union: A Study Of Domestic Influence In The European Union From 1989-1993, Jason Grishkoff Feb 2012

Economic And Monetary Union: A Study Of Domestic Influence In The European Union From 1989-1993, Jason Grishkoff

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.


The Impact Of Eu Oversight On Corporate Governance In The German Auto Industry, Jason Gorn Feb 2012

The Impact Of Eu Oversight On Corporate Governance In The German Auto Industry, Jason Gorn

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.


Rival Models To Capitalism: Can The Nordic Model Survive The New Global Economic System?, Robbie Block Feb 2012

Rival Models To Capitalism: Can The Nordic Model Survive The New Global Economic System?, Robbie Block

Claremont-UC Undergraduate Research Conference on the European Union

No abstract provided.


The Early Decision Option In College Admission And Its Impact On Student Diversity, Heather Antecol, Janet Kiholm Smith Jan 2012

The Early Decision Option In College Admission And Its Impact On Student Diversity, Heather Antecol, Janet Kiholm Smith

CMC Faculty Publications and Research

Colleges and universities that adopt early decision (ED) as an admission practice can generate additional resources by attracting wealthier students who make binding commitments to attend and forgo shopping for competing aid offers. An unanswered question is whether the resources generated from price discrimination are used by schools during the regular admission process to attract more diverse students. Using a sample of private national universities and liberal arts colleges, we model the choice to adopt an ED program and its impact on students’ racial and geographic diversity. We find that schools facing more competition for students are more likely to ...


Book Review: Modeling The Composition Of Government Expenditure, Cameron A. Shelton Jan 2012

Book Review: Modeling The Composition Of Government Expenditure, Cameron A. Shelton

CMC Faculty Publications and Research

Throughout the developed world, public finances dominate headlines. Given the widespread unsustainability of budget plans and the bitter attrition of retrenchment, they are like to do so for the next decade or more. As they have long done, different polities are likely to make different choices for how to spend dwindling public moneys. Understanding the sources of past heterogeneity—why countries have differed in their public spending—is thus of interest as we enter an age of fiscal adjustment. Messieurs Creedy and Moslehi offer us a technical primer laying the groundwork for modeling efforts.


Stabilization Policy In An Economy With Two Exchange Rate Regimes, Sven W. Arndt Jan 2012

Stabilization Policy In An Economy With Two Exchange Rate Regimes, Sven W. Arndt

CMC Faculty Publications and Research

This paper uses a flex-price open economy macro model to examine the effectiveness of U.S. monetary and fiscal policies when the dollar floats freely against the euro, but is fixed against the Chinese yuan. It is assumed that capital mobility is high between the U.S. and the Eurozone, but low between the U.S. and China. The model allows for short-run price flexibility and imperfect substitutability between domestic and foreign financial assets. The focus is on the implications for the efficacy of U.S. macro stabilization policies of China’s fixed-rate strategy. While many countries have pegged their ...


Scaling Down And Up: Can Subnational Analysis Contribute To A Better Understanding Of Micro-Level And National Level Phenomena?, Aseema Sinha Jan 2012

Scaling Down And Up: Can Subnational Analysis Contribute To A Better Understanding Of Micro-Level And National Level Phenomena?, Aseema Sinha

CMC Faculty Publications and Research

While cross-national analysis dominates comparative politics, many scholars have moved to the subnational level to test hypotheses generated at the national level. Subnational studies allow researchers to control for variation in a way that even the most sophisticated cross-national statistical studies are unable to.


Caught In A Poverty Trap? Testing For Single Vs. Multiple Equilibrium Models Of Growth, Cameron Shelton, Francisco R. Rodriguez Jan 2012

Caught In A Poverty Trap? Testing For Single Vs. Multiple Equilibrium Models Of Growth, Cameron Shelton, Francisco R. Rodriguez

CMC Faculty Publications and Research

We look for permanent effects to per capita GDP from exogenous, temporary shocks. Our shocks are temporary changes to the export revenues of small, open economies. We find no evidence that even the largest of these temporary shocks, in excess of 9.7% of GDP, produce permanent effects to the growth path of per capita GDP. The inability to reject a single-equilibrium world with shocks of this magnitude suggests that multiple-equilibria, if they exist, are too widely separated to be policy-relevant. Current aid initiatives, which are of a similar magnitude, are not likely to deliver transition to a higher growth ...


The "Great Moderation" In A Dual Exchange Rate Regime, Sven W. Arndt Jan 2012

The "Great Moderation" In A Dual Exchange Rate Regime, Sven W. Arndt

CMC Faculty Publications and Research

In the early nineties, the U.S. economy was emerging from a brief slump, monetary policy was easy, and economic activity recovered quickly during the decade, with GDP eventually reaching and then passing the consensus full employment level. Yet aggregate inflation remained surprisingly subdued. This moderation in prices at the aggregate level persuaded policy makers to allow the easy-money stance to continue in spite of the presence of inflation in non-tradables and in housing and construction in particular. This paper uses a flex-price, mixed-exchange rate model to examine some of the major contributing factors to economic developments in the two-decade ...


The Interaction Of Political Capacity And Economic Growth To Attract Foreign Direct Investments At The Provincial Levels Of Developing Countries, Murniz Allen Vasay Coson Jan 2012

The Interaction Of Political Capacity And Economic Growth To Attract Foreign Direct Investments At The Provincial Levels Of Developing Countries, Murniz Allen Vasay Coson

CGU Theses & Dissertations

This dissertation will explore how developing provinces within countries attract foreign direct investment. The policy implication to this study is important because it could account for the uneven distribution of growth in developing countries that so frequently leads to dual economies. To attract foreign direct investments, provincial governments compete among themselves trying to appeal to international investors. There is consensus in the economic development literature that both economic and political variables interact to advance a nation's economy. The ability for a country to provide a free market economy to exchange goods and ideas makes the environment more favorable for ...


Essays On Regional Economic Integration In East Asia, Teerasak Sapwarobol Jan 2012

Essays On Regional Economic Integration In East Asia, Teerasak Sapwarobol

CGU Theses & Dissertations

This dissertation seeks to understand the pattern of trade and portfolio investment in East Asian economies and how trade integration can affect the level of bilateral asset holdings. On the trade side, the determinants of bilateral trade flow is examined at the product level, not the aggregate, so as to assess the impact of RTAs across product types as well as the nature of the home market effect and the role of similarity of demand structures. On the financial side, the dissertation synthesizes analyses of the composition of cross-border portfolio holdings in East Asian economies, focusing on the importance of ...


Effects Of United States Monetary Policy On The Capital Flows To The Latin America Countries, David Rene Samayoa Gordillo Jan 2012

Effects Of United States Monetary Policy On The Capital Flows To The Latin America Countries, David Rene Samayoa Gordillo

CGU Theses & Dissertations

In the latest time, the US has had an easy Monetary Policy. Because of the increasing link among the countries through interconnections on international trade, financial, and labor markets, such policy has not only had effects in the US economy, but also in the rest of the world. So many countries, especially emerging and developing countries, have suggested that such a policy has been causing an excessive flow of funds out of the US which are disrupting the exchange rate and competitiveness of those countries. An innovation of the analysis is that capital flows are divided in "Firm related" (direct ...


On The Economic Effects Of Policy Responsiveness: The Role Of Candidate Selection For General Elections, Marco Alejandro Pérez-Mares Jan 2012

On The Economic Effects Of Policy Responsiveness: The Role Of Candidate Selection For General Elections, Marco Alejandro Pérez-Mares

CGU Theses & Dissertations

Policy responsiveness to the demands of the whole is important because it is a determinant of growth and development: Institutions that make governments more inclusive favor economic progress and factors that make governments more exclusive inhibit prosperity. Growth-enhancing policies likely to please the citizenry include policies that ensure the prevalence of the rule of law, policies that protect property and intellectual rights, and policies that foster competition, access and the perfection of markets. In contrast, growth-retarding policies likely to initiate from the representation efforts of politicians advancing narrow concerns include infringement on property rights, diffuse patent legislation, regulation to rise ...