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Full-Text Articles in Economics

A Systematic Investigation Of The Effect Of Wildfire Events And Risks On Property Values, Qiuhua Ma Jul 2019

A Systematic Investigation Of The Effect Of Wildfire Events And Risks On Property Values, Qiuhua Ma

Economics ETDs

Wildfires frequency and severity have been increasing in the western United States over the past few decades. This rising threat is caused by the accumulated fuel load, climate change, and the rapid expansion of housing in the wildland-urban interface (WUI). Since most mitigation and suppression costs are borne by taxpayers, policy analysts seek both market (e.g., protection and suppression cost) and non-market cost estimates of wildfires. As one tool, the hedonic pricing method is commonly used to investigate wildfire effects on property values. There are a variety of hedonic studies investigating wildfire, with mixed and/or inconsistent results. Model ...


Welcome To The Neighborhood: A Spatial Analysis Of Crime And Housing Values, Anthony Senick Jan 2019

Welcome To The Neighborhood: A Spatial Analysis Of Crime And Housing Values, Anthony Senick

Honors Research Projects

Crime is an obvious unwanted problem in any population anywhere in the world. Not only does it present problems for public safety, but it crime has negative monetary costs as well. One such way these costs can be observed is in their effect on property values. Past studies have examined this relationship between crime and housing values using the hedonic housing price model and spatial analysis, and I attempt to perform a similar analysis, but with the inclusion of new variables and spatial techniques, for the City of Akron, Ohio. With 2017 housing sale data provided by the Summit County ...


An Examination Of The Stock Market's Effect On Economic Inequality, Nicholas Golina Jan 2019

An Examination Of The Stock Market's Effect On Economic Inequality, Nicholas Golina

Honors Research Projects

The economic literature on economic inequality has shown that it can negatively impact aggregate demand because it indicates a higher concentration of wealth in the hands of the top 10% as opposed to the poor and middle class, who are more likely to consume. The literature has identified many factors that can lead to increasing inequality. The stock market could be one of those factors since it can either create an upward redistributive effect towards the top 10% or redistributive effect towards the middle class. This paper tested the effect of the stock market on inequality. This study contributes to ...


Brain Drain And Emigration: How Do They Affect Source Countries?, Nicholas Chura Jan 2019

Brain Drain And Emigration: How Do They Affect Source Countries?, Nicholas Chura

Honors Research Projects

This paper examines the effect of different skill levels of emigration on a country’s labor market, from high skill brain drain to low skill emigration. By utilizing an IADB Brain Drain data set to measure emigration rates among those with low, medium, and high educational attainment in a country, the effect of brain drain vs. low skill emigration on productivity and unemployment is examined. These data span from 1980 to 2010 with measurements every five years for 195 World Bank countries. By utilizing two two-way fixed effects models with GDP per capita and unemployment rate as the dependent variables ...


Do Congressmen Really Drive Cars?, Tyler Brown Aug 2018

Do Congressmen Really Drive Cars?, Tyler Brown

All Graduate Plan B and other Reports

My research focuses on stock returns around term elections. I will be looking at the 50 most held stocks of congressmen, and taking the returns of these stocks against the market average during election season. I examine if there are Cumulative Abnormal Returns (CARs) that can be realized as a result of information about the elections. I want to find any possible trading strategy that investors could use to obtain returns that are in excess of the market average. I am attempting to discover how the market behaves when election season is occurring. This information could prove to be very ...


Inversion Copulas From Nonlinear State Space Models With An Application To Inflation Forecasting, Michael S. Smith, Worapree Ole Maneesoonthorn May 2018

Inversion Copulas From Nonlinear State Space Models With An Application To Inflation Forecasting, Michael S. Smith, Worapree Ole Maneesoonthorn

Michael Stanley Smith

We propose the construction of copulas through the inversion of nonlinear state space models. These copulas allow for new time series models that have the same serial dependence structure as a state space model, but with an arbitrary marginal distribution, and flexible density forecasts. We examine the time series properties of the copulas, outline serial dependence measures, and estimate the models using likelihood-based methods. Copulas constructed from three example state space models are considered: a stochastic volatility model with an unobserved component, a Markov switching autoregression, and a Gaussian linear unobserved component model. We show that all three inversion copulas ...


Connecticut Economic Outlook For 2018-2020: A Perspective From Sacred Heart University Students In Business Economics, Lucjan Orlowski May 2018

Connecticut Economic Outlook For 2018-2020: A Perspective From Sacred Heart University Students In Business Economics, Lucjan Orlowski

Lucjan T. Orlowski

The United States economy has been through its fair share of struggles in recent years. Following the 2008 Financial Crisis, many people were uncertain of how it was going to impact the future of American business, policies, and individual states economic potential. After the election of President Donald Trump, it is evident that there has been a great amount of growth in the United States economy, and the growth that has been made can be reflected in multiple ways. Using the tools and knowledge we have obtained in our Economic and Financial Forecasting course at Sacred Heart University, we are ...


Mafia And Globalization: The Consequences Of Economic Integration Without Legal Symmetry, Benjamin White May 2018

Mafia And Globalization: The Consequences Of Economic Integration Without Legal Symmetry, Benjamin White

Undergraduate Honors Theses

This project will examine the relationship between mafia and globalization through the lenses of two case studies, focusing on the Calabrian criminal organization known as ‘Ndrangheta. The first case study revolves around the Port of Gioia Tauro, which serves as the drug trafficking hub of ‘Ndrangheta and is emblematic of the overall trends in global commercial traffic and security deficits. The purpose of this case study is to demonstrate how ‘Ndrangheta exploits the advanced economic integration that began in the 1990s and continues to exist in the gap between frantic commercial activity and limited government oversight. This case study begins ...


The Economic Impacts Of A U.S. Withdrawal From Nafta: A Cge Analysis, Jonathan Liu May 2018

The Economic Impacts Of A U.S. Withdrawal From Nafta: A Cge Analysis, Jonathan Liu

Undergraduate Economic Review

The aim of this study is to examine the economic impacts of a U.S. withdrawal from the North American Free Trade Agreement (NAFTA) on Canada, Mexico and the United States. The shocks simulate scenarios in which the U.S instates penalizing tariff rates on NAFTA countries, a trade war between NAFTA members and a tariff reset to the WTO MFN rates. The effects of these tariff structures are analyzed under the framework of a computable general equilibrium (CGE) model with a focus on macroeconomic variables and welfare. The findings show that, in all iterations, Mexico’s economy takes a ...


Empirical Essays In Household Economics, Hao Li May 2018

Empirical Essays In Household Economics, Hao Li

Economics Theses and Dissertations

This dissertation is consist of three empirical studies in economics. The first part empirically examines the effect of universal pre-k on labor force participation of fertility age women in Oklahoma. I investigate the policy effect from both theoretical and empirical perspectives. I apply the synthetic control method (SCM) to the Current Population Survey (CPS) data to identify the causal relationship between universal pre-k and female labor outcomes. I find that universal pre-k increases labor supply of women aged 25 to 45 in Oklahoma. The second empirical study focuses on how the birth outcomes of US children respond to exposure to ...


Essays In Business Cycles And Asset Pricing, Ruiyang Hu May 2018

Essays In Business Cycles And Asset Pricing, Ruiyang Hu

Economics Theses and Dissertations

This dissertation investigates several key macroeconomic and asset pricing topics, with a particular interest in exploring the underlying driving forces of business cycles and asset market fluctuations. The dissertation includes three chapters, with the first two chapters solo-authored by me and the third chapter co-authored with Dr. Carlos Zarazaga.

The first chapter develops a dynamic and stochastic general equilibrium model, and exploits Bayesian inference methods to investigate the major sources of fluctuations in aggregate variables and asset prices. Taking into account the possibility that the growth of total factor productivity, labor-augmenting technology and investment-specific technology might consist of permanent and ...


Comparisons Of Ad Valorem And Unit Tax In Two Different Industries, Kai Zhang May 2018

Comparisons Of Ad Valorem And Unit Tax In Two Different Industries, Kai Zhang

Economics Theses and Dissertations

This dissertation analyzes the comparisons between unit and ad valorem tax in two different industries.

Chapter 1 considers an industry with one upstream monopolist and a fixed number of asymmetric downstream firms. I compare market outcomes from unit and ad valorem tax under three pricing schemes that the upstream monopolist can use, uniform pricing, third-degree price discrimination, and two-part tariffs. I find that ad valorem tax is always tax revenue preferred to unit tax when both are charged at the same layer as long as profit margin is positive. Downstream ad valorem tax improves total social welfare by relocating production ...


Christian Political Economy And Economic Science: A Pathway For Interdisciplinary Dialogue, Nathan Mclellan May 2018

Christian Political Economy And Economic Science: A Pathway For Interdisciplinary Dialogue, Nathan Mclellan

Religious Studies Theses and Dissertations

This dissertation considers two intellectual impediments to interdisciplinary dialogue between Christian theologians, ethicists, and economists: scarcity and the status of economics as a wertfrei science. Using the landmark methodological work of Lionel Robbins, An Essay on the Nature and Significance of Economics Science, to frame the discussion, this dissertation seeks to remove these two intellectual impediments to interdisciplinary dialogue by considering three nested questions. They are:

(1) Is scarcity—as defined by Robbins—an accurate description of the world?

(2) If scarcity, as defined by Robbins, is an accurate description of the world, how is this to be justified theologically ...


Sweden's Great Escape: Industrialization And The Changing Productivity Cost Of Winter, Charlotte Taylor, Jesse Anttila-Hughes May 2018

Sweden's Great Escape: Industrialization And The Changing Productivity Cost Of Winter, Charlotte Taylor, Jesse Anttila-Hughes

Master's Theses

We combine a paleoclimate reconstruction of the North Atlantic Oscillation (NAO)- a key determinant of Scandinavian winter intensity- with four centuries of historical production data from Sweden, to examine the changing influence of climate variability on production over time. We find the colder, drier winters associated with the negative phase of the NAO led to reduced economic production for much of Swedish history, and that this relationship changed with development: during industrialization, Sweden underwent a transition from ‘level’ effects, where harsh winters lowered average incomes, to ‘growth’ effects, where it reduced growth in improving living standards. Post-industrialization, neither ‘level’ nor ...


The Economy Of Divorce: Pensions In Latin America, The Effects On Women, And The Decision To Divorce, Mary Walsh May 2018

The Economy Of Divorce: Pensions In Latin America, The Effects On Women, And The Decision To Divorce, Mary Walsh

Undergraduate Honors Theses

This thesis addresses the gender inequalities produced in pension systems in Latin America, discusses pension reform, and specifically describes gender inequalities that exist for divorced women, and the relationship between divorce and pensions.This topic is important in the discussion in analyzing pension reform in Latin America, as well as analyzing the nuanced degrees of inequalities present for women in Latin America. It is crucial to understand this relationship, in order to address gender inequality as divorce rates continue to rise . To analyze this relationship,I looked at both qualitative and quantitative data.To start I examined the inequalities present ...


起死回生(Resuscitation): Japan's Search For Machines And Their Meanings, Justin Mcdonnell May 2018

起死回生(Resuscitation): Japan's Search For Machines And Their Meanings, Justin Mcdonnell

Master's Projects and Capstones

Japan’s lost decade(s) ushered in a new era of economic and societal malaise, marked by a shrinking population, an increased proportion of elderly people, inequality, neo-nationalism(s), uncertainty, and isolation. This project seeks to understand how Japan is trying to address these issues and reconstruct itself from the lost decade(s) with the use of artificial intelligence (jinkou chihou) and robotics along with the societal implications of this technology. This interdisciplinary research utilizes innovative, historical narratives (Morris-Suzuki,1988, Hornyak 2006), and the socio-cultural milieu of Japan and its traditions (Allison 2013; Katsuno 2010) to further appreciate and acknowledge ...


Boosting Demand For Biofortified Foods: The Case Of Orange Fleshed Sweet Potato Bread In Tamale, Ghana, Tchassanty Ouro-Gbeleou May 2018

Boosting Demand For Biofortified Foods: The Case Of Orange Fleshed Sweet Potato Bread In Tamale, Ghana, Tchassanty Ouro-Gbeleou

Master's Theses

Abstract: In the context of introducing biofortification of staple crops as a food-based approach to combat micronutrient malnutrition in Sub Saharan Africa (SSA), we carried out a survey in Tamale, Ghana to elicit consumers’ preference of and willingness to pay for one of the highly nutritious biofortified staple crop processed product: the Orange Fleshed Sweet Potato (OFSP) bread. Our results indicate that scores of respondents in the sample show preference for OFSP bread. The most important determinants of OFSP bread preference are its sweet taste and soft texture and consumers are willing to pay 0.634 pesewas more for the ...


The Fisheries Crisis And Its People: An Econometric Sustainable Livelihoods Application For Low-Income Artisanal Fishers In Sierra Leone, Nathan Brock May 2018

The Fisheries Crisis And Its People: An Econometric Sustainable Livelihoods Application For Low-Income Artisanal Fishers In Sierra Leone, Nathan Brock

Honors Theses AY 17/18

The global fisheries crisis is a topic of significant research across fields, including economics. It is evident that the current global fish stocks are declining, which has motivated environmental protection measures to be implemented. Low-income countries and their inhabitants are unevenly harmed by these environmental impacts, as artisanal fishing villages are dependent on fisheries for subsistence and livelihood. This case is particularly true in Sierra Leone, where poverty is evident, artisanal fishing communities exist, and dependence on fisheries is high (Kassam, et al. 2017; Teh, et al. 2016). Policy makers in these countries are faced with the challenge of mitigating ...


China As A Low-Carbon Energy Leader: Successes And Limitations, Philip Andrews-Speed, Sufang Zhang May 2018

China As A Low-Carbon Energy Leader: Successes And Limitations, Philip Andrews-Speed, Sufang Zhang

Journal of Asian Energy Studies

China has come to be seen as a global clean energy champion on account of its success in building the world’s largest fleet of renewable energy – wind power and solar photovoltaics (PV), as well as hydro-electricity. In addition, it has become a major player in international renewable energy markets. In other words, it has shown a remarkable ability to adapt to environmental challenges and market opportunities. In this way, China provides a counter-example to the neo-institutional argument that limited-access social orders possess less adaptive capacity than open-access orders. This paper briefly examines the central government’s efforts to promote ...


The Relationship Between Information And Communication Technology, Financial Development, Electricity Consumption And Economic Growth In Oecd Countries: A Panel Investigation, Olawumi Osundina May 2018

The Relationship Between Information And Communication Technology, Financial Development, Electricity Consumption And Economic Growth In Oecd Countries: A Panel Investigation, Olawumi Osundina

Andrews Research Conference

This study attempts to investigate the dynamic relationship between information and communication technology (ICT), electricity consumption (EC), real gross domestic product per capita (GDPC) and financial development (FD) for selected sixteen OECD countries in a balanced framework between the periods of 1990 and 2014. This paper employs relatively new panel estimation techniques that accounts for heterogeneity and cross-sectional dependency in order to enable robust estimates and avoid spurious analysis. Empirical evidences reveal that there is cross-sectional dependency among the countries investigated as shown by Pesaran (2004). Thus, this current study proceeds to second generation panel econometrics techniques for reliable and ...


Swimming For More Than Gold: How Swimming Participation And Success In Elite International Swimming Events Can Decrease Drowning Rates Across The World, Joshua R. Cottle May 2018

Swimming For More Than Gold: How Swimming Participation And Success In Elite International Swimming Events Can Decrease Drowning Rates Across The World, Joshua R. Cottle

Undergraduate Economic Review

International swimming provides an opportunity for thousands of swimmers to compete at the highest level of the sport. In this paper, I argue that participation and success in these events can influence drowning rates across the world. My analysis suggests that one of the most notable negative influences on drowning rates is swimming participation in countries that have the smallest roster sizes and the lowest average income levels. My analysis shows that swimming success in the Olympics has a significant positive effect on drowning rates in countries in the middle-income brackets.


Does Winning Eurovision Impact A Country's Economy?, Kendall Bard May 2018

Does Winning Eurovision Impact A Country's Economy?, Kendall Bard

EURēCA: Exhibition of Undergraduate Research and Creative Achievement

The purpose of this thesis is to explore the relationship that winning Eurovision has on several different economic metrics in a particular country. Drawing between 100 and 600 million viewers every year, The Eurovision Song Contest is the longest-running televised singing competition in the world, and has occurred annually since 1956. Furthermore, Eurovision is the most popular international televised event, other than sporting events such as the Olympics and the World Cup. Despite this, limited research has been completed on Eurovision’s economic impact specifically. For this thesis, data on various economic indicators was collected through the World Bank’s ...


The Pricing Impact Of The Decreasing Competitiveness Of The Health Insurance Market, Lauren N. Patterson May 2018

The Pricing Impact Of The Decreasing Competitiveness Of The Health Insurance Market, Lauren N. Patterson

EURēCA: Exhibition of Undergraduate Research and Creative Achievement

The Affordable Care Act created the national insurance exchanges of qualified health plans to encourage a higher insured rate, larger risk pools, and lower prices for quality health coverage. Consolidation of insurers can have opposing effects. The insurers’ risk pools will grow, allowing insurers to better hedge for risk. However, consolidation decreases the prevalence of competition in the market, and past research shows that insurer consolidation decreases market competition and increases prices.

I examine how the number of plans offered in a set market, pricing components, and county health variables impact the monthly premium pricing of plans sold on the ...


Building A Bridge Between Philanthropy And Profit: The History, Economics, And Politics Of Environmental Impact In A Commerce Society, Yekaterina Goncharova May 2018

Building A Bridge Between Philanthropy And Profit: The History, Economics, And Politics Of Environmental Impact In A Commerce Society, Yekaterina Goncharova

Student Theses 2015-Present

This paper examines our consumerist society through past and present data, business practice, supply chain, economics, and its impact on human and environmental well-being. Upon examination, the thesis aims to suggest change through social indicators and policy. It answers numerous questions surrounding both the problems and solutions associated with environmental policy. These include: the question as to what exactly is social and environmental impact investing? What are current changes impacting humanity’s ecological footprint? Why does society need to make changes? Most importantly, it assesses how we can change? Chapter 1 explores the past and what led to an increase ...


An Environmentalist View Of Kentucky And Its Natural “Suitors” By Literary Analysis, Samuel C. Kessler May 2018

An Environmentalist View Of Kentucky And Its Natural “Suitors” By Literary Analysis, Samuel C. Kessler

Sierpinski’s Square

An Environmentalist view of Kentucky and its Natural “Suitors” by Literary Analysis

Abstract

In the book “Divine Right’s Trip”, by Gurney Norman, the author provides a more modern, psychedelic-age epic, where the traditional theme of homecoming, often witnessed in Greek epics like the Odyssey, makes a connection with environmentalism. One reason for the unique combination of these themes is the effect created by a specific appeal for environmental support accompanied with the return of the main character, Divine Right (D.R.), to his small hometown in Eastern Kentucky where coal mining remains the prevalent employer. Upon his homecoming to ...


Political Accountability And Determinants Of Governance Under Principal-Agent Theory, Matthew Bluem May 2018

Political Accountability And Determinants Of Governance Under Principal-Agent Theory, Matthew Bluem

Dissertations

This study examines the theory that quality of governance is largely dependent upon political accountability, and that the effect of political accountability on governance varies based on three main determinants: level of democracy, level of information available to the public, and diversification of the economy (Adserà et al. 2003). With quality of governance, represented by the World Bank’s World Governance Indicators (WGI), as the dependent variable, this study considers how these three independent variables, and several control variables, affect governance quality. Incorporating data from 2010 – 2015 for 143 countries in both cross-sectional OLS and fixed effects panel regression analysis ...


Pricing In The Coffee Industry: An Econometric Model Of Prices To Growers, Alex Belser May 2018

Pricing In The Coffee Industry: An Econometric Model Of Prices To Growers, Alex Belser

Honors Theses AY 17/18

Abstract: This paper examines the relationship between the price in the global commodity market for coffee and the prices growers receive at farmgate level. A dataset containing pricing information for fifteen producing countries is used to help explain the role of world prices and retail prices in determining the prices growers receive. A fixed effects regression model is used conduct a hypothesis test on the significance of global coffee prices. Global coffee market prices and average worldwide retail prices are shown to have a significant effect on farmgate prices for farmers. Potential implications of this linkage in the coffee sector ...


Mapping Wyoming's Future: A Gis-Based Mapping Analysis Of Wyoming's Industry Assets, Sam Mallory May 2018

Mapping Wyoming's Future: A Gis-Based Mapping Analysis Of Wyoming's Industry Assets, Sam Mallory

Honors Theses AY 17/18

To support economic planning and development in Wyoming, the University of Wyoming (UW), the Wyoming Geographic Information Science Center (WyGISC) and the Wyoming Business Council (WBC) developed a series of over 150 maps intended to communicate various industry assets available in the state to leverage growth and development of associated industry sectors. This paper discusses the context and objectives of this project, the geographic information systems methodology developed for the creation of these maps, a critique of the maps, as well as a demonstration of their intended use.


2018 Chapman Environmental Audit: Sustainable Purchasing Policy, Kc Hoppel May 2018

2018 Chapman Environmental Audit: Sustainable Purchasing Policy, Kc Hoppel

Student Research Day Abstracts and Posters

Chapman University maintains its commitment to a “campus culture that promotes a sustainable future” in its Sustainability Policy, which was implemented in 2014. However, the University currently has no mechanism to ensure this sustainable decision-making process occurs. One of the surest ways to guarantee this change is to enact a University-wide sustainable purchasing policy that ensures consistency between departments. Institutions benefit from sustainable procurement by receiving more efficient and long-lasting products, protecting and enhancing the local and global environment, supporting innovative technologies, creating a diverse supply chain, and gaining a competitive edge as a leading institution. A few cost-benefit analyses ...


One Team: A Historical Analysis Of Inequalities Between Men's And Women's Professional Soccer, Allyson O. Braciska May 2018

One Team: A Historical Analysis Of Inequalities Between Men's And Women's Professional Soccer, Allyson O. Braciska

Gender, Sexuality and Women's Studies Student Scholarship

The United States Soccer Federation (U.S.S.F.) governs the sport of soccer at the youth recreational, teen elite, and adult professional levels, and is one of the few organizations in the country that governs both the men’s and women’s sides of the respective sport. This paper examines differences between U.S. men's and women's soccer at the adult professional and identifies areas of discrimination based on gender. Inequalities experienced by women coaches and players include wage disparity, a lack of television broadcasting space, differences in sponsorships and media portrayal of players, unequal playing and ...