Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- A12 (1)
- B41 (1)
- Behavioral development economics (1)
- Choice heuristics (1)
- D03 (1)
-
- D87 (1)
- Debt (1)
- Decision-maker autonomy (1)
- Deficit (1)
- Deleveraging (1)
- Demographics (1)
- Developing countries (1)
- E21 (1)
- E3 (1)
- E4 (1)
- E61 (1)
- E65 (1)
- Economic security (1)
- Economics imperialism (1)
- Exchange rate volatility (1)
- F10 (1)
- F14 (1)
- F20 (1)
- F41 (open economy macroeconomics) (1)
- Fact-value entanglement (1)
- Fixed investment (1)
- Formalism (1)
- G1 (1)
- G7 countries (1)
- GMM estimation (1)
Articles 1 - 10 of 10
Full-Text Articles in Economics
(Wp 2013-10) Neuroeconomics And Identity, John B. Davis
(Wp 2013-10) Neuroeconomics And Identity, John B. Davis
Economics Working Papers
This short paper discusses majority and minority views in economics regarding the value of neuroscience for economics – and thus the value of the neuroeconomics research program. It argues that neuroeconomics’ reception ultimately depends on whether economists adopt a philosophy of science thinking closer to what exists in other sciences. It then argues that an inadvertent product of this debate is whether people can be identified as relatively independent agents. The paper concludes with comments on what this debate implies about the conception of the decision-maker as a relatively independent identity.
(Wp 2013-09) Virtual Currency And The Financial System: The Case Of Bitcoin, Abdur Chowdhury, Barry K. Mendelson
(Wp 2013-09) Virtual Currency And The Financial System: The Case Of Bitcoin, Abdur Chowdhury, Barry K. Mendelson
Economics Working Papers
Technological development and the increased use of the internet have led to the proliferation of virtual communities. Some of these communities have created and circulated their own currency for exchanging goods and services. Bitcoin is currently the most popular among these virtual or digital currencies and has been in news recently because of the wild fluctuations in its ‘value’ and also significant venture capital investment in entities associated with it.1 Bitcoin is relevant in several areas of the financial system and is therefore of interest to central banks, consumers and investors. Digital currencies are part of a broader group of …
(Wp 2013-06) The Impact Of Output And Exchange Rate Volatility On Fixed Private Investment: Evidence From Selected G7 Countries, Abdur Chowdhury, Mark Wheeler
(Wp 2013-06) The Impact Of Output And Exchange Rate Volatility On Fixed Private Investment: Evidence From Selected G7 Countries, Abdur Chowdhury, Mark Wheeler
Economics Working Papers
This study examines the impact of shocks to exchange rate and output uncertainty (volatility) on real private fixed investment (FI) in Canada, Germany, the United Kingdom, and the United States. The analysis is conducted using vector autoregressive models that contain the price level, real output, the volatility of real output, the real exchange rate, the volatility of the real exchange rate, an interest rate, and FI. The results yield important public policy implications with regard to the impact of output volatility of FI. Our analysis indicates that volatility shocks, measured as output volatility or exchange rate volatility, do not have …
(Wp 2013-07) Terms Of Trade Shocks And Private Savings In The Developing Countries, Abdur Chowdhury
(Wp 2013-07) Terms Of Trade Shocks And Private Savings In The Developing Countries, Abdur Chowdhury
Economics Working Papers
Economic agents in the developing countries are subject to tight credit constraints, which are more pronounced during bad state of nature. Thus, adverse shocks to commodity prices in the world market can force them to reduce savings by a larger amount than they would otherwise have. Empirical analysis using a dynamic GMM model and data from 45 developing countries confirm that most of the determinants of savings identified in the literature also apply to the developing countries. The transitory component in the terms of trade have a larger positive impact than the permanent component. This reflects the lack of access …
(Wp 2013-08) Economic (In)Security And Gender Differences In Trade Policy Attitudes, Jeffrey Drope, Abdur Chowdhury
(Wp 2013-08) Economic (In)Security And Gender Differences In Trade Policy Attitudes, Jeffrey Drope, Abdur Chowdhury
Economics Working Papers
Over time and across countries, researchers have noted frequent and mostly unexplained gender differences in the levels of support for policies of free or freer trade: women tend to be less favorable toward policies of liberalizing trade than men. Yet, no well substantiated theoretical or empirical account of the gender component of trade attitudes has emerged. Using an economic security explanation based principally on a mobile factors approach, we find that it is not women generally who are more negative toward trade but particularly economically vulnerable women – i.e. women from the scarce labor factor. We utilize recent survey data …
(Wp 2013-05) Future Implications Of Debt And Deleveraging In The United States Economy, Abdur Chowdhury, Patrick Brown
(Wp 2013-05) Future Implications Of Debt And Deleveraging In The United States Economy, Abdur Chowdhury, Patrick Brown
Economics Working Papers
This paper will take a broad based approach in analyzing the structure of the U.S. economy with a particular emphasis on the disruptive U.S. recession and financial crisis which began circa 2008. The role of the U.S. government and the implications high levels of fiscal debt have on the projected growth path of the U.S. economy will be the primary focus of the paper. The discussion will show that the U.S. has likely entered a new, much more difficult stage in its history of economic growth. The short to medium term growth potential of the U.S. economy has fallen below …
(Wp 2013-03) War And The Fiscal Capacity Of The State, Abdur Chowdhury, Syed M. Murshed
(Wp 2013-03) War And The Fiscal Capacity Of The State, Abdur Chowdhury, Syed M. Murshed
Economics Working Papers
We examine the role of war in retarding state fiscal capacity in developing countries, measured by tax revenue ratios to GDP. This in contrast to the European experience from the Renaissance to the 20th century, where it is believed that war and state-building were inseparable, enhancing the fiscal capacity of the state; in turn enlarging the scope and magnitude of government expenditure. We build a simple theoretical model of a factionalized state, where patronage substitutes for common interest public goods, along with the possibility of violent contestation over a rent or prize, typically in the form of natural resource revenues. …
(Wp 2013-02) Economists’ Odd Stand On The Positive-Normative Distinction: A Behavioral Economics View, John B. Davis
(Wp 2013-02) Economists’ Odd Stand On The Positive-Normative Distinction: A Behavioral Economics View, John B. Davis
Economics Working Papers
This chapter examines economists’ indefensible attachment to the positive-normative distinction, and suggests a behavioral economics explanation of their behavior on the subject. It reviews the origins of the distinction in Hume’s guillotine and logical positivism, and shows how they form the basis for Robbins’ understanding of value neutrality. It connects philosophers’ rejection of logical positivism to their rejection of the positive-normative distinction, explains and modifies Putnam’s view of fact-value entanglement, and identifies four main ethical value judgments that contemporary economists employ. The behavioral explanation of economists’ denial of these value judgments emphasizes loss aversion and economists’ social identity as economists.
(Wp 2013-01) Economics Imperialism Under The Impact Of Psychology: The Case Of Behavioral Development Economics, John Davis
Economics Working Papers
Economics imperialism is broadly explained as economics having an impact on other disciplines. But how should economics imperialism be understood when it is in some sense the product of other disciplines having an impact on economics? The paper examines psychology’s impact on economics in connection with the emergence of behavioral development economics, and then discusses the nature of behavioral development economics imperialism associated with development economists’ explanations of non-market dimensions of life in developing economies in behavioral economics terms. The paper argues that this new form of economics imperialism reflects economics’ selective appropriation from psychology of the Kahneman-Tversky heuristics and …
(Wp 2013-04) Securitization Of Credit Card Debt And Its Determinants, Farrokh Nourzad, Katherine Szczesniak, William Hunter
(Wp 2013-04) Securitization Of Credit Card Debt And Its Determinants, Farrokh Nourzad, Katherine Szczesniak, William Hunter
Economics Working Papers
No abstract provided.