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2023

Economics

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Full-Text Articles in Social and Behavioral Sciences

Freedom, Vulnerability, And Capitalism, Jeremy M. Johnson Dec 2023

Freedom, Vulnerability, And Capitalism, Jeremy M. Johnson

Culture, Society, and Praxis

This project will explore how economic vulnerability plays a role in the functioning and maintenance of today’s economic and political systems while investigating how substantive freedom is threatened by economic precarity, why widespread vulnerability is minimally addressed by the state, and potential reforms to the current economic and political arrangement that could be made to ameliorate material harm. Much focus has been dedicated to the study of the coercive power of capitalism, but by analyzing how vulnerability is caused, perpetuated, and taken advantage of, a comprehensive understanding of the lived experiences of the working class, as well as their ability …


St. Cloud Area Quarterly Business Report, Vol. 25, No. 4, King Banaian, Mana Komai Molle Dec 2023

St. Cloud Area Quarterly Business Report, Vol. 25, No. 4, King Banaian, Mana Komai Molle

St. Cloud Area Quarterly Business Report

Businesses reported worsening economic conditions in the last three months of 2023, but expressed optimism for the first half of 2024. Over the year on a seasonal basis, only 135 jobs (0.1%) were added to the economy. Four of six regional economic indicators pointed down. Only 60% of businesses surveyed reported the same operating hours as they had had in 2020; half of the remaining 40% said their hours were more flexible, while the other half decreased hours of operation. They also said one third of customers now had higher expectations of firm performance than 2020. Improvements in speed and …


Assessing The Feasibility Of Implementing A Dairy Industry In Mauritius, Sophia Ultes Dec 2023

Assessing The Feasibility Of Implementing A Dairy Industry In Mauritius, Sophia Ultes

Economics Undergraduate Honors Theses

Mauritius faces food security and economic challenges due to its lack of a domestic dairy industry. To address this, the University of Arkansas partnered with the Ministry of Agro Industry and Food Security to explore the possibility of establishing a dairy sector on the island.

Through surveys and interviews with locals, including restaurant owners and grocery store customers, we investigated the demand for fresh milk. We also studied factors like consumer preferences and production costs. Our research, conducted with IRB approval, aimed to understand if people are willing to buy locally produced milk.

During the summer, our team visited Mauritius …


Moving Beyond Transactional Coursework To Enhance Student Success In University Classes, Mark R. Reavis, Kuldeep Singh Oct 2023

Moving Beyond Transactional Coursework To Enhance Student Success In University Classes, Mark R. Reavis, Kuldeep Singh

Journal of Educational Research and Practice

The goal of teaching is student success, but defining success can be daunting. A rudimentary description of student success involves academic achievement and students’ attainment of a high level of satisfaction with their educational process. The pinnacle of student success is transformational learning. Transformational learning is ultimately evidenced by knowledge-based, responsible, and autonomous thinking. Student engagement enhances student success. As a result, course design and assignment design are critical. The purpose of this paper is to demonstrate how an online discussion assignment can be used to enhance student engagement and increase student success in a university class. The assignment presented …


Paul And Economics: A Theology Of The Gospel And Economics, Brent Allen Myers Oct 2023

Paul And Economics: A Theology Of The Gospel And Economics, Brent Allen Myers

Doctoral Dissertations and Projects

An often overlooked biblical theology that the Apostle Paul addresses is economics. Economics impacts every area of an individual's life and even more so in the ancient world. Paul's chief concern is with the gospel of Jesus and one of the chief components of a believer's new life in Christ is how they handle their own economic situation. This work seeks to analyze the writings of Paul and explore his comments on the economic realities of individuals based on God's authority.


The Top 1% Of Earners In The Mountain West, Ivan Sun, Zachary Billot, Caitlin J. Saladino, William E. Brown Jr. Oct 2023

The Top 1% Of Earners In The Mountain West, Ivan Sun, Zachary Billot, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet examines data from the Smart Asset report, “America’s Top 1% Is Different in Each State: From a $370k to $950k Income,” which examines the thresholds of the top 1% of earners and the tax rates associated with those earners. The original report contains the income threshold, national rankings, and tax rates for the top 1% of earners in all 50 states. This fact sheet focuses on the data for the top 1% of earners in the Mountain West: Arizona, Colorado, Nevada, New Mexico, and Utah.


Economic Method: The Science In Trade, Arthur I. Keegan Oct 2023

Economic Method: The Science In Trade, Arthur I. Keegan

Student Publications

In observing the universe, philosophers have offered their thought processes for understanding the perceivable reality, which we know as science. These thought processes are constructed into scientific methods to conquer the unknown. Economics existing through human interaction in society holds its own characteristics that scholars have sought out to outline the nature of trade. Within this book, the various approaches of science will be presented and tests across various case studies in Economics to test validity of arguments and connections between thought processes across different disciplines. This work is guided by Steven Gimbel and his work Exploring the Scientific Method …


The Philippine Economy During The Japanese Occupation, Jasper Lem Sep 2023

The Philippine Economy During The Japanese Occupation, Jasper Lem

Asian Studies: Student Scholarship & Creative Works

The economy of the Philippines was derailed by the Japanese occupation during World War II. As an American colony before World War II, the Philippines had close amicable ties with the United States highlighted by promises of independence on July 4th, 1946. The Philippines also maintained a beneficial economic relationship with the States at this time through extensive foreign trade. However, because of the Japanese invasion, the Philippine economy was robbed of this profitable foreign trade and the promise of independence, severely crippling the island nation and her morale. The first policies implemented by Japan were designed to control the …


The Constraints Within Capitalism: An Evaluation Of Ann E. Cudd's "Enlightened Capitalism" In 'Capitalism, For And Against', Phoebe E. Shown Sep 2023

The Constraints Within Capitalism: An Evaluation Of Ann E. Cudd's "Enlightened Capitalism" In 'Capitalism, For And Against', Phoebe E. Shown

The Cardinal Edge

There is extreme partisanship in the United States regarding whether or not capitalism should continue to be implemented. This partisanship is apparent in Capitalism, For and Against: A Feminist Debate, by Ann E. Cudd and Nancy Holmstrom. The published debate between Cudd and Holmstrom ultimately discusses whether systemic changes can be placed upon capitalism for an ideal "enlightened capitalism", presented by Cudd, or if the United States should adopt a new economic system altogether, suggested by Holmstrom. I address Ann E. Cudd's argument for an "enlightened capitalism" by summarizing her main ideas, and proceed to refute it on the grounds …


St. Cloud Area Quarterly Business Report, Vol. 25, No. 3, King Banaian, Mana Komai Molle Sep 2023

St. Cloud Area Quarterly Business Report, Vol. 25, No. 3, King Banaian, Mana Komai Molle

St. Cloud Area Quarterly Business Report

Business leaders reported stronger local results in the last St. Cloud Quarterly Business Survey. 31% said their business activity expanded over the summer, while 24% said it had declined. Hiring improved, with continuing strength in wages paid, capital spending and prices received for products. The future outlook is much murkier, with 41% saying their business activity would expand over the next six months while 28% it would decline. Four of the six elements of the St. Cloud Index of Leading Economic Indicators rose in the May-July 2023 period while two others declined. Two special questions determined that employers think their …


Supply, Demand, And Minimum Wage: Unraveling U.S. Wage Inequality From 1963-2021, Daniil Frolov Aug 2023

Supply, Demand, And Minimum Wage: Unraveling U.S. Wage Inequality From 1963-2021, Daniil Frolov

Publications and Research

From 1963 to 2021, the U.S. evolved from a manual to a knowledge-based economy, intensifying the wage gap between skilled and unskilled workers. Using the CPS ASEC supplements and building on Autor, Katz, and Kearny 2008, this study contrasts two perspectives: the traditionalist view, associating rising inequality with increased demand for skilled labor, and the revisionist view, which sees it as a one-off event due to declining real minimum wage. Analyzing 90-10 inequality, left-tail (50-10) vs. right-tail (90-50) inequality, and college vs. high-school wage premiums, findings suggest a secular rise in inequality driven by technological innovation and demand for skilled …


St. Cloud Area Quarterly Business Report, Vol. 25, No. 2, King Banaian, Mana Komai Molle Jul 2023

St. Cloud Area Quarterly Business Report, Vol. 25, No. 2, King Banaian, Mana Komai Molle

St. Cloud Area Quarterly Business Report

This report found confirmation from area business leaders that a recession is at hand. 68% of our respondents thought a recession was coming when surveyed in December 2022 and still believe so six months later. Survey respondents were concerned about financial tightening resulting from disruptions in the banking industry, but very few have changed banks, and most did not see those disruptions as a significant factor in bringing about a recession.


Leadership Coaching And The Myth Of The Rational Client, Raymond L. Forbes Jun 2023

Leadership Coaching And The Myth Of The Rational Client, Raymond L. Forbes

All Faculty and Staff Scholarship

This paper will address the issue of whether or not the clients of leadership coaches think and act in completely rational ways. It explores the question using a lens derived from the fields of Behavioral Economics and the Brain Sciences. Beginning with a look at the origins of the idea of rationality, this work proceeds to consider what’s really at issue, why it matters, and the possible trap posed by assuming strong client rationality. The paper concludes by posing options for resolution of the rationality myth by exploring the concepts of heuristics, bias, anchoring and priming. The paper concludes with …


The Root Of Culture: Human Ritual And The Soils Of West Virginia, Aleece Mount Jun 2023

The Root Of Culture: Human Ritual And The Soils Of West Virginia, Aleece Mount

Masters Theses

The Cumberland Mountains of Southern West Virginia are home to mountaintop removal, with the Guyandotte River watershed exhibiting some of the most extreme examples. The strip-mining practices have removed fertile soil, altered water courses, deeply polluted the land, and stripped people of their wealth – prosperity in happiness and abundance of possessions and resources. This has resulted in some of the nation’s worst health, education, and economic conditions. The communities of this watershed live at the heart of the economic and political forces that undermine community and ecological well-being.

Southern West Virginia has a deep and continued history of living …


Essays On Political Economy And Behavior, Seth Emblem May 2023

Essays On Political Economy And Behavior, Seth Emblem

Economics Theses and Dissertations

This dissertation consists of three essays which focus on the intersection of political economy and behavioral economics. I am interested in understanding how people behave in politically adjacent areas so that we can find the policy interventions that can best address the issues that arise from these areas. To do so, I utilize incentivized survey instruments and laboratory experiments to study how people behave in these settings. In Chapter 1, I examine the question of how people respond to standard political surveys and whether these surveys reflect people’s genuine beliefs regarding factual political questions. Responses to standard political surveys suggest …


The Effect Of Television Advertising On Gambling Behaviour: A Quasi-Experimental Study During The 2022 Qatar Fifa World Cup, Ellen Mcgrane, Rob Pryce, Matt Field, Elizabeth Goyder, Luke Wilson May 2023

The Effect Of Television Advertising On Gambling Behaviour: A Quasi-Experimental Study During The 2022 Qatar Fifa World Cup, Ellen Mcgrane, Rob Pryce, Matt Field, Elizabeth Goyder, Luke Wilson

International Conference on Gambling & Risk Taking

Abstract

Introduction:

The pervasiveness of gambling advertising and its relationship with football have been identified as areas of concern in the UK. Following the liberalisation of advertising laws in the 2005 Gambling Act, there has been increasing recognition of its public health impact. To date, there is a lack of evidence of the impact of advertising on behaviour in “real-world” settings.

Methods:

This study employs a natural experiment measuring the impact of television gambling advertising on the frequency of impulsive football bets placed during the World Cup. Longitudinal betting data collected from a sample of men (aged 18-45) will be …


Tempers Rising: The Effect Of Heat On Spite, Jake C. Cosgrove May 2023

Tempers Rising: The Effect Of Heat On Spite, Jake C. Cosgrove

Master's Theses

The relationship between heat and harmful outcomes is well documented, with research connecting various adverse economic outcomes to the climate. In the presence of increasing global warming and climate change, understanding why the climate leads to negative economic outcomes is essential for forming peaceful institutions of the future. We study how behavioral economic outcomes change in the presence of heat through a lab experiment involving 1,110 observations conducted in five different countries. This paper specifically focuses on the social preference outcome of spite. We find that increased time exposure to the treatment effect of heat is required to elicit an …


Impacts Of Rising Temperatures On Human Behavior With A Focus On Gender Differences, Stephanie Marie Emilia J. Hermoso May 2023

Impacts Of Rising Temperatures On Human Behavior With A Focus On Gender Differences, Stephanie Marie Emilia J. Hermoso

Master's Theses

Climate change is one of the biggest and most pressing issues the world is facing today. While its economic implications are substantial, it is also important to investigate the effects of climate change on human behavior. This paper examines the relationship of rising temperatures and its effect on an individual’s cooperative behavior – specifically egalitarianism, generosity, selfishness, and spite. This study will focus on the differences between how males and females react to the temperature. Research indicates that there are substantial behavioral differences between men and women. How do the economic decisions of men and women differ when interacted with …


Three Essays In The Economics Of Child Development And Health Inequities, Travis Whitacre May 2023

Three Essays In The Economics Of Child Development And Health Inequities, Travis Whitacre

Economics Theses and Dissertations

In chapter 1, I assess the long-term education and labor market effects of missed ADHD diagnoses. Doing so is challenging for two reasons. First, a person's true ADHD status is unobserved; only their diagnosed status is known. Second, even if diagnostic errors are observed, they are likely akin to non-classical misclassification errors and therefore endogenous. To overcome these empirical challenges, I use and extend on a partial observability model with genetic data from Add Health. Through the lens of the partial observability model. I recover an estimate of true ADHD status, and the probability of underdiagnosis. Then, I estimate their …


Chinese Political Rhetoric And Ideology: Tension And Pretension, Israel Paredes May 2023

Chinese Political Rhetoric And Ideology: Tension And Pretension, Israel Paredes

Honors Theses

This changing nature of the Chinese government’s ideology leads one to believe that its core beliefs are not dogmatic, despite the foundation for their ideology being rooted in specific societal and economic theories. Starting with Mao Zedong to modern day, the Chinese government officials will continue to support the original tenets (and, no doubt, future presidents’ additions to the tenets). However, the interpretation of their ideology over time is fluid and is used to support policies and actions during a political cycle. Chinese political leaders are unlikely to disagree with a past leaders, and will rather use their own interpretation …


America Without A Minimum Wage: Why The Federal Minimum Wage Should Be Abolished, Zachary Cary May 2023

America Without A Minimum Wage: Why The Federal Minimum Wage Should Be Abolished, Zachary Cary

Helm's School of Government Conference - American Revival: Citizenship & Virtue

Minimum wage policy may be the greatest economic policy issue where the common man has a strong opinion. Nearly every person has a view of how minimum wage policy should be enacted, whether it be in raising the federal minimum wage, changing the scope of authority in the federal government, or another policy. However, in discussing any kind of policy, the key details of the policy must be discussed in the framework of both how it would be affected and how it would impact its stakeholders. In this policy analysis, the Iron Triangle of Public Policy – the key executive …


An Economic Analysis Of The United Kingdom Given The Possible Effects Of Overthrowing The Northern Ireland Protocol, Joshua P. Brink May 2023

An Economic Analysis Of The United Kingdom Given The Possible Effects Of Overthrowing The Northern Ireland Protocol, Joshua P. Brink

Honors Thesis

This research paper examines the current conflict between the United Kingdom (UK) and the European Union (EU) regarding the Northern Ireland Protocol negotiation. This negotiation was created following the UK’s decision to leave the EU in an event known as Brexit. The conflict has occurred because many Brexiteers in the UK want to override parts of the Protocol since it is a burden for the UK’s economy. The EU, however, has threatened to retaliate since this would be breaking the agreement between these two parties. Furthermore, this paper attempts to evaluate the conflict as a whole, examining all perspectives of …


Self-Employment Industry Selection: An Evaluation Of Wealth And Demographics On Industry Choice In The U.S., Samuel Ramirez May 2023

Self-Employment Industry Selection: An Evaluation Of Wealth And Demographics On Industry Choice In The U.S., Samuel Ramirez

Theses and Dissertations

This paper evaluates the impact of financial resources and demographics on industry choice by self-employed business owners. I use a multinomial logistic regression to estimate the probability of having a business in a particular industry. The results suggest that entry into industries are hampered by financial constraints and social barriers.


Social Reproduction And Covid-19, Caroline I. Donovan May 2023

Social Reproduction And Covid-19, Caroline I. Donovan

Dartmouth College Master’s Theses

As Covid-19 rips across the world we are collectively asked to examine the structures of society to see what is working and what we can change. What can we learn from the roughly 6.9 million deaths (and counting) worldwide? How can we prevent something like this from happening again? This paper follows the course of Covid-19 from its birth in Wuhan, China, to the present day of mid-April 2023. By looking at the ways in which we have reacted to the pandemic, we are able to look forward and imagine new ways of tackling future pandemics and other pressing problems …


Essays On The Economics Of Sports Wagering Markets, Jacob Lamb May 2023

Essays On The Economics Of Sports Wagering Markets, Jacob Lamb

All Dissertations

Economists have long been enamored with using wagering markets and sports data to answer various economic questions. Wagering market data are readily available to answer any number of questions relating to sports and economics. However, most studies surrounding wagering markets have focused on searching for inefficiencies and, consequently, profitable betting strategies against the house. This dissertation takes a different approach, focusing on the information that can be extracted from efficient wagering markets and using that information to answer economic questions. Rather than hunting for inefficiencies, this dissertation confirms the efficiency of wagering markets and uses wagering markets to answer questions …


Refugee Advocacy Organizations: Factors That Influence Success In The United States And Ireland, Caleb Elkington-Stauss May 2023

Refugee Advocacy Organizations: Factors That Influence Success In The United States And Ireland, Caleb Elkington-Stauss

Accounting Undergraduate Honors Theses

This thesis is a comparative study of refugee advocacy organizations in Ireland and in the United States. The goal is to research and study some of the best practices that refugee support organizations utilize and report how these two countries address the ever-growing refugee crisis. This study assesses the applications and operations in both organizations and determines how these practices contribute to the fulfillment of their missions. This better understanding of the strengths and struggles experienced by these organizations will support the development of a model and framework for successful social welfare initiatives. Within this thesis, the social initiatives in …


The Role Of Conditional Cash Transfer Programs In Improving Access To Professional Attendance At Birth In Indonesia, Kaitlin Murray May 2023

The Role Of Conditional Cash Transfer Programs In Improving Access To Professional Attendance At Birth In Indonesia, Kaitlin Murray

Economics Undergraduate Honors Theses

This paper examines the impact of an Indonesian conditional cash transfer program, named Program Keluarga Harapan (PKH), on households’ use of institutional delivery facilities at childbirth. Difference-in-differences and fixed effects regressions were conducted to examine the relationship between receipt of PKH cash transfers, use of institutional delivery facilities, and accessibility to institutional and traditional delivery facilities. The accessibility to institutional and traditional delivery facilities was demonstrated through a longer one-way trip time to these facilities. This paper had three significant findings: (1) that receipt of PKH cash transfers reduced the use of institutional delivery facilities, (2) that receipt of PKH …


The Influences Of The Public Health Care System And Education System On The Economic Growth Of Swaziland, Grace Greer May 2023

The Influences Of The Public Health Care System And Education System On The Economic Growth Of Swaziland, Grace Greer

International and Global Studies Undergraduate Honors Theses

The Kingdom of Eswatini, also known as Swaziland, has one of the youngest populations in the world with over 70% of citizens being under the age of 18 years old. This creates a substantial opportunity for economic, social, and educational growth in a country previously plagued with diseases such as HIV/AIDS, poor health care infrastructure cutting off thousands from basic care, and an educational system with a very low attendance rate and an even lower graduation rate. By evaluating the root causes of such issues dating back to the colonial era there is an opportunity to reprioritize health care and …


Resale Hdb Price Prediction Considering Covid-19 Through Sentiment Analysis, Srinaath Anbu Durai, Zhaoxia Wang May 2023

Resale Hdb Price Prediction Considering Covid-19 Through Sentiment Analysis, Srinaath Anbu Durai, Zhaoxia Wang

Research Collection School Of Computing and Information Systems

Twitter sentiment has been used as a predictor to predict price values or trends in both the stock market and housing market. The pioneering works in this stream of research drew upon works in behavioural economics to show that sentiment or emotions impact economic decisions. Latest works in this stream focus on the algorithm used as opposed to the data used. A literature review of works in this stream through the lens of data used shows that there is a paucity of work that considers the impact of sentiments caused due to an external factor on either the stock or …


Thrifting Your Way To The Bank: How Student Consumption Of Recycled Clothing Impacts Financial Stability, Ally Mikos Apr 2023

Thrifting Your Way To The Bank: How Student Consumption Of Recycled Clothing Impacts Financial Stability, Ally Mikos

Student Capstone Projects

This qualitative study examines the impact that is made upon university student’s finances when purchasing recycled clothing. It analyzes how utilizing recycled, free or reduced price clothing sources affects student finances as compared to full price/new purchases. Previous research has indicated that two thirds of college students have acquired debt by the time of graduation, yet students have been found to spend as much as $1,000 on clothing per semester. Despite the clear financial burden of paying for college, students still prioritize shopping for clothing, which prompts the research question: To what extent does college student’s use of recycled clothing …