Social and Behavioral Sciences Commons^™

Analysis Of The Electric Vehicles Adoption Over The United States, Ali Soltani-Sobh, Kevin Heaslip, Aleksandar Stevanovic, Ryan Bosworth, Danilo Radiviojevic

Applied Economics Faculty Publications

Increasing the use of electric vehicles (EVs) has been suggested as a possible method to decrease fuel consumption and greenhouse gas (GHG) emissions in an effort to mitigate the causes of climate change. In this study, the relationship between the market share of electric vehicles and the presence of government incentives, and other influential socio-economic factors were examined. The methodology of this study is based on a cross-sectional/time-series (panel) analysis. The developed model is an aggregated binomial logit share model that estimates the modal split between EV and conventional vehicles for different U.S. states from 2003 to 2011. The results …

Microstructure Noise: The Use Of Two Scales Realized Volatility For The Noisy High-Frequency Data And Its Implications For Market Efficiency And Financial Forecasting, Aristides Romero

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

As a basic principle in statistics, a larger sample size is preferred whenever possible. Nonetheless, in the financial world, especially equities and currencies trading, including all available data poses great challenges due to the noise present in the volatility estimation. In his paper I examine the Two Time Scales Realized Volatility estimator by Zhang, Mykland, and Ait-Sahalia (2005b) and I find that it not only provides a more efficient estimator than a basic estimator of the integrated volatility of returns, but it also consistently estimates the microstructure noise present in the latent efficient return process. I find that by using …

A Monte Carlo Study On The Persistence Of Variance With Garch, Aristides Romero Moreno

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The GARCH model is widely used to forecast volatility for economic and financial Data. There are, however, several shortcomings of using the simple GARCH estimator alone for forecasting volatility. The major issue with the use of the default GARCH model is the persistence of variance that evolves through time and the simple GARCH model fails to address. This paper looks at the GARCH(1,1) model and consistent with Lamoureux and Lastrapes (1990), finds that it overstates the persistence of variance due to model misspecification, specifically the lack of structural shifts.

The Capm Is Not Dead, Muhammad Ahmed Saleem Baig

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The Capital Asset Pricing Model (CAPM) is among the earliest and most widely used security valuation models. Since its inception, CAPM has been criticized more than it has been appreciated. Although, it has been criticized both empirically and theoretically, it is still one of the most extensively used methods for the calculation of equity betas and returns throughout the globe. Among the most significant implications of the model is that the expected stock returns are determined by their corresponding level of systematic risk and not the idiosyncratic risk. According to much of the recent literature it is referred to as …

Price Volatility And Structural Breaks In U.S. Dairy Markets, Morgan James Baldwin

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper examines whether price volatility has increased for the all-milk price and milk margin over the past 25 years. It focuses on the impact of export and attempts to establish the existence of structural changes in the market. Various models are applied to analyze the stated question and results discussed. This paper finds that there was a distinct structural break in the milk price and possibly in the milk margin. Trade has limited correlation to volatility in the milk margin and milk price.

How Good Intentions Backfire: Failures And Negative Consequences Of Federal Environmental Policies, Jordan K. Lofthouse

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This thesis is meant to dispel the myths that surround federal environmental policies. The research object of this project is to show that the formation of environmental policies is not altruistic, and the outcomes of these policies often have negative side effects that policymakers and the general public should recognize.

During my time as an undergraduate, I studied environmental geography, which also included environmental policies. We would research environmental problems, but the solution to these problems always seemed to be another government policy. I began to wonder why environmental problems never seemed to actually get better. Once I began my …

Does The Market Matter For More Than Investment?, Yiwei Zhang

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

Does the market matter for more than investment? by Jason Smith examines how themultiple effects of the market (through stock prices) can affect a corporation. The mainfindings are that low stock prices precede lower costs and lower investments. The maininnovation of this work is showing that the market can matter for more than a simpleinvestment. Low stock prices imply that the market may disagree with investment and leadthe manager to reduce costs. This result does not appear to be driven by financial constraints.

Reanalyzing The Political Stability Of Britain's Democratization, Nathan R. Burton

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

A recent article in Journal of Economic History by Dasgupta and Ziblatt uses bond yields to analyze the political risk of the 19th century democratization legislation of Britain known as the Reform Acts. Dasgupta and Ziblatt find that the volatility of yields is relatively high during periods of legislation, and model the yields via GAM method, concluding that the political risk associated with the Reform Acts was high. I reproduce the study and comparing those times of 'high' volatility to all periods and find nothing to compare high-volatility periods to, suggesting that it is inconclusive whether the Reform Acts were …

Three Essays On Big-Box Retailers And Regional Economics, Denis Peralta

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Throughout the years, big-box retail stores such as Wal-Mart and Target have become the focus of many studies researching their impacts on local economic outcomes (i.e. employment, wages, poverty level, food prices, etc.) within specific regions, states, counties and localities in the U.S. This dissertation covers three closely related topics in regional science: (i) the dynamic interrelationship among the presence of the big-box stores, retail wage, and employment, (ii) the impact of the big-box retailers on personal income growth, and (iii) the dynamic interrelationship between the presence of the big-box retailers and personal income growth. The research draws important insights …

Entrepreneurs' Perceived Factors Of Success And Barriers-To-Entry For Small Business And Farm Operations In Rural Paraguay, Braden J. Jensen

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Both agriculture and nonagriculture activities are important for Paraguay's economy and its rural development plan. Ensuring opportunity for successful enterprise creation and expansion will facilitate new business entrance, while also growing rural economies. Past research has identified many factors that contribute highly to business and farm operation success, though little information exists about the perceptions of would-be entrepreneurs.

This study analyzes perceptions and characteristics of young, would-be entrepreneurs and agriculture producers in rural Paraguay to better understand their views of business/farm success and hurdle factors. Results suggest that increased experience, education and business exposure will decrease perceptions of many barrier …

Political Parties And Direct Democracy: An Analysis Of The 2015 Greek Referendum, Megan E. Hansen

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

On July 5, 2015, Greek voters were asked to vote on whether the country should accept the terms of austerity offered by the European Union for bailout from the country’s financial crisis. With a turnout rate of 62.5% overall, 61.3% of Greeks voted “no.” While a majority of voters in every district opposed the bailout’s terms, the margin against the proposed austerity measures ranged from 51.2% in Lakonias to 73.8% in Chanion. This paper explores whether political parties influenced Greek voters’ decisions to accept or reject the EU's budgetary reforms. We first review the literature relevant to that question, focusing …

The Market Potential For Food And Agricultural Tourism In Utah, Miranda Bradshaw

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Tourism is one of the largest and most economically important industries in Utah. Local businesses and government agencies may increase their tourism-related profits through targeted marketing and product development. As tourists may differ from one another in terms of trip planning, party size, the activities they participate in, and more, it is important to understand who tourists are. The primary research purpose of this study was to explore and better understand the different types of tourists who visit Utah.

Data on tourists were collected through an in-person survey. This data was then used to place tourists into groups according to …

Fear-Based Policymaking: How Government Agencies Exploit Mortality Risk Perceptions, Alecia M. Hunter

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The objective of this thesis is to explore how government policymakers use distorted Value of a Statistical Life (VSL) calculations for their personal benefit. The VSL estimates how much a large group of citizens would jointly pay to save the life a one random person from a fatal disease. The VSL is used by government agencies like the Environmental Protection Agency. Agencies use the VSL in benefit-cost analyses to help determine potentially favorable life-saving policy from wasteful policy. Despite the well-intentioned objectiveness and decisiveness of the VSL, the political framework incentivizes miscalculated and exaggerated VSL estimates. Public choice theory addresses …

The Effects Of Federal, State, And Private Oil And Gas Ownerships On County Wages In The Intermountain West, Benjamin A. Crabb

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Advances in drilling technology and resource prices contributed to a boom in oil and natural gas production in the Western U.S. in the first decade of the 2000s. Following the boom, a strain of state-level legislation emerged calling for the transfer of federal lands to the states. A justification for the proposed transfers is the claim that state management will increase oil and gas production, resulting in improved economic outcomes. However, a substantial literature indicates that dependence on mineral wealth can be a problematic development strategy which may result in slower economic growth and other undesirable socioeconomic outcomes. The role …

Three Essays On Us Agricultural Insurance, Taehoo Kim

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Agricultural insurance programs such as crop insurance and Dairy Margin Protection program (MPP-Dairy) are managed by United State Department of Agriculture (USDA). The objective of these programs is to help farmers manage their financial risk. Agricultural insurance programs have played an important role for farmers in terms of maintaining farm profitability. There are several potential problems with insurance programs, such as moral hazard and adverse selection, which make them inefficient.

With respect to these problems, three research gaps are identified: i) moral hazard in prevented planting (PP), ii) choice of PP and planting a second crop, and iii) selecting margin …

Barriers To Health Care Access For Refugees In Cache County, Utah, Michael Timo Hoggard

Undergraduate Honors Capstone Projects

The United States has a rich history of resettling refugees. The United States resettled hundreds of thousands of refugees at the conclusion of World War II, and has resettled more than 3 million refugees since 1975 (Refugee Council USA, 2016). A refugee is a forcibly displaced person who will not or cannot return to their country of origin because of fear of physical harm or persecution (United Nations, 1951). Refugees are distinct from other forms of immigrants in many ways: refugees do not choose their country for resettlement, they receive government assistance upon arrival, their residency and work permits are …

A Look At The Controversies Of The United States Export-Import Bank, Bo A. Johnson

Undergraduate Honors Capstone Projects

The Ex-Im Bank is the official export credit agency of the United States. The Bank was established in 1934 to aid a depressed economy and foster global trade. Ex-Im was mandated to improve economic conditions and international trade by providing financial assistance where the private sector fell through, while not competing against private firms. The bank has four main tools to perform its responsibilities - direct loans, loan guarantees, working capital financing, and credit-export insurance.

The Ex-Im Bank has enjoyed a long history of strong bipartisan support. Opposition surfaced in the late 2000's leading to an Ex-Im temporary shutdown. The …

The Relationship Between Water Shortage Concern And Age In Utah, Viviane S. Baji

Undergraduate Honors Capstone Projects

It is unclear whether current water supplies in Utah will be able to accommodate the needs of the future. Population in the state is expected to double by 2050 and climate change models predict declines in water availability in the region. Public perceptions of the adequacy of the water supply (and concerns about potential shortages) are key factors that could influence water use behaviors and support for public policy interventions. This paper explores the research question: "Are young people in Utah more concerned about water shortages than older cohorts?" It was expected that young people would be more concerned about …

The Opm Data Breach: Lessons Learned, Michael Wheat

Undergraduate Honors Capstone Projects

In 2015 the federal government announced the largest data breach in United States government history. The Office of Personnel Management (OPM) was hacked, and the personal information of more than 25 million American people was lost to foreign attackers. This incident has spawned concern and outrage about the security of government data in the emerging digital age.

Moving forward from the breach questions remain about how this event happened. It's clear that there were weaknesses that were taken advantage of by malicious threats abroad, and investigations into the attack have yielded surprising results. Not only was the security in place …

The Affordable Care Act And Health Care In America, Michael Ryan

Undergraduate Honors Capstone Projects

What you are about to read is a final project meant to incorporate ideas from my undergraduate coursework with my interests in medicine and economics. Issues in health care, especially insurance, fascinate me and I chose to use my Honors Capstone Project as an opportunity to further my understanding of issues important to me as both a future physician and businessman. The purpose of this paper is to practice critical and analytical thinking skills by exploring some of the challenging issues surrounding American health insurance and the Affordable Care Act while also gaining a deeper understanding of the nuances of …

Experience And Worker Flows, Aspen Gorry

Economics and Finance Faculty Publications

This paper studies the role of worker learning in a labor market where workers have incomplete information about the quality of their employment match. The amount of information about the quality of a new match depends on a worker’s past job experience. Allowing workers to learn from experience generates a decline in job finding probabilities with age that is consistent with patterns found in the data. Moreover, workers with more past experience will on average have less wage volatility on new jobs, which is also consistent with the data. In contrast to the fact that the cross-sectional wage distribution fans …

Barriers To Health Care Access For Cache County Refugees, Michael Hoggard, Julie Gast

Research on Capitol Hill

There are over 300 refugees resettled in Cache County, Utah (figure 2). Despite coming from different cultural and ethnic backgrounds, the Cache County refugee population shares similar circumstances in regards to access to health care:

(a)96% of working adults are employed at the same job
(b)Refugees have access to the same social services
(c)None of the refugee populations speak English as a native language.

The purpose of this study is to understand key physical, structural and cultural barriers that prevent Cache Valley refugees from

(a)Utilizing work-provided health insurance or Medicaid when seeking medical treatment and
(b)Seeking necessary medical procedures.