Economics Commons^™

Crowdfunding For Biotechs: How The Sec’S Proposed Rule May Undermine Capital Formation For Startups, Brian J. Farnkoff

Journal of Contemporary Health Law & Policy (1985-2015)

No abstract provided.

The Fate Of Local Food Systems In The Global Industrialization Market: Food And Social Justice In The Rural South, Wylin D. Wilson, Reuben C. Warren, Stephen O. Sodeke, Norbert Wilson

Professional Agricultural Workers Journal

This paper investigates the connection between local food systems, health disparities, and social justice in the rural South. It begins with the relationship between food insecurity and health disparities that disproportionately affect racial and ethnic minority populations, and non-minority women and children. First, we discuss the concept of health disparities within the context of bioethics and public health ethics in order to explore the link between the food system and health as a social justice issue. Second, we define health disparities and discuss how they have historically plagued and disadvantaged racial minority populations. Third, we examine these disparities within the …

Community-University Partnerships For Change In The Black Belt South, Rosalind Harris

Professional Agricultural Workers Journal

This article explores issues related to community-university partnerships by examining

the unfolding of the Black Belt Initiative, a 21^st century mobilization within the Black Belt South to establish a Black Belt Regional Commission. The Black Belt Initiative provides an instructive and compelling case study. For instance, the very nature of the Black Belt Initiative’s beginnings through the provision of a grant by Senator Zell Miller of Georgia to the University of Georgia with the proviso that “poverty – not race be the guiding principle…” heightened the tension between historically black and white universities reflecting longstanding contestations around how problems …

Community Capital And Local Economic Development Efforts, Andrew A. Zekeri

Professional Agricultural Workers Journal

Actions by local groups and leaders constitute an essential but poorly understood element of many rural economic development efforts. Previous studies suggest that local development efforts can influence community changes, but questions remain about why localities differ in economic development efforts. Drawing upon community capital framework and human ecological theory, the purpose of this research was to examine the effects of community capital on economic development efforts in rural communities. Hierarchical regression results indicate that social capital, cultural capital, built capital significantly predict economic development effort to develop recreation and tourism and human services. Despite that, only built capital and …

An Econometric Analysis Of The “Backward-Bending” Labour Supply Of Canadian Women, Adib J. Rahman

Undergraduate Economic Review

This econometric study investigates the labour supply behaviour of Canadian women at different composite hourly wages of all paid jobs. The objectives of this study are to test the canonical model of labour supply and to observe women's responsiveness to changes in the wage rate by using 2009 cross-sectional data. The results show a backward bending labour supply schedule for Canadian women, and thereby confirm the conclusions reached by the Nakamuras (1981), and Robinson and Thomes (1985).

A Normative Analysis Of Gambling Tax Policy, Kahlil S. Philander

UNLV Gaming Research & Review Journal

This article surveys the application of normative tax theory to gambling tax policy. The analysis suggests that fixed license based taxes may be preferable to taxes on gross gaming revenue. Where output based taxes are used, the types of gambling whose demand is more price sensitive, and the types that have positive links to other industries, should be taxed at comparatively lower rates. Sin-based taxes are noted to increase economic welfare, but only when applied with a rate commensurate to harm that is external to the gambler and the operator. Finally, inter-jurisdictional competition is identified as an important consideration in …

Keynote Address By Sanusi L. Sanusi, Sanusi Lamido Sanusi

Economic and Financial Review

The keynote address of the Governor, Central Bank of Nigeria at the CBN Executive seminar with the theme Global Capital Flows, Financial Markets and Macroeconomic Stability at Golden Tulip Hotel, Festac Town, Lagos, December 2-5, 2013.

Capital Flows, Capital Control And Exchange Rate Regimes, Jonathan A. Aremu

Economic and Financial Review

The objective of this presentation is to examine the importance of capital controls on the flow of foreign capital under the current circumstance for the benefit of the Nigerian economy. Part II of the paper will look into some critical issues in the global capital flows by identifying the principal agents; structure and trends of the flows; effects; and policy options in managing the flows. In Part III, an attempt is made to review the historical developments of global governance of capital controls since the pre-World War I, while Part IV examines the policy challenges in capital control management strategies. …

Domestic Credit Growth And International Capital Flows: Implications For Monetary Policy Management In Nigeria, Moses K. Tule

Economic and Financial Review

This paper investigates the effect of foreign capital flows on domestic credit growth, specifically, and its implication for monetary policy. The paper is structured into 6 sections. Section 2 provides the review of related theoretical and empirical literature. Section 3 provides stylized facts on the structure and changing structure of domestic credit and international capital flows in Nigeria while section 4 deals with capital flows and the dynamics of monetary policy in Nigeria. Section 5 provides the empirical analysis, while section 6 concludes the study.

Managing The Downside Risks Of Surging Capital Flows On Financial Stability For Sub-Saharan African Countries, Veronica Kalema

Economic and Financial Review

This paper discusses how capital flows has affected the sub-Saharan Africa. It also highlights the fundamental and growth prospects that are likely to continue drawing capital inflow in the future as well as the risk associated with it.

Policy Space For Capital Controls And Macroeconomic Stability: Lessons From Emerging Economies, Christiana E. E. Okojie

Economic and Financial Review

The paper discusses the concept of policy space and the factors influencing policy space in developing economies. It also discusses changing attitudes towards capital controls by researchers and agencies with emphasis on the International Monetary Fund (IMF).

Coping With Capital Flow Volatility: Policy Consideration For Nigeria, Mike I. Obadan

Economic and Financial Review

Foreign capital flows have, from time to time, elicited deep concerns and debates because of their tendency to be volatile besides various macroeconomic and other related effects. Generally, the volatility of capital flows, especially in the form of huge surges pose significant risks and raise concerns about excessive exchange rate appreciation and the corresponding adverse impact on exports and growth.

Capital Flows And Macroeconomic Stability: Theoretical And Conceptual Considerations, Ndubuisi I. Nwokoma

Economic and Financial Review

This article examines the impact of foreign capital flow in industrialised countries. The theoretical foundation for the proposition that capital flows can promote macroeconomic performance and stability of emerging economies was entrenched in the 2-gap model, which posits that development may be hampered by the existence of both the savings and foreign exchange gaps in the developing countries.

Empirical Examination Of Foreign Capital Flows And Growth Nexus In Emerging Economies, Bassem Kamar

Economic and Financial Review

The purpose of this paper is to analyse the effect of foreign capital flows on economic performance in three ways. First, it analyses empirically the direct effect of capital account liberalisation on growth; second, it continues to explore the subject by testing one of the indirect effects of capital flows on economic welfare, namely their influence on competitiveness; and finally, it breaks down the issue further by decomposing capital flows into their specific elements – FDI, portfolio investments, aid, debt, remittances and tests their effect on competitiveness.

Capital Flows And Macroeconomic Stability: Theoretical And Conceptual Considerations, I. Nwokoma Ndubisi

Economic and Financial Review

This paper discusses both conceptual and theoretical perspectives of capital flows and their macroeconomic stabilisation strands.

Culture And Innovation In Peru From A Management Perspective, Gregory J. Scott, Ian Chaston

Journal of Global Initiatives: Policy, Pedagogy, Perspective

Political stability, macro-economic caution, and the aggressive pursuit of free trade have enabled Peru to emerge as one of the fastest growing economies in Latin America. This economic expansion has created heightened interest in the evolution of corporate culture and its influence on firm performance. This paper examines organizational performance in relation to the influence of cultural values on innovation by means of a survey of upper level managers. Analysis of the survey results indicates that there was a positive relation between innovation and power distance and uncertainty. Survey findings show no relationship between innovation and individualism nor innovation and …

Extractive Versus Productive Economy: A Case Study Comparison Of Peru And South Korea, Rubén Berríos

Journal of Global Initiatives: Policy, Pedagogy, Perspective

There are striking contrasts between a productive and an extractive economy. South Korea and Peru are used as examples. Korea is not a resource-rich country but has developed remarkably fast. Pem, on the other hand, is a resource-rich country but has shown uneven rates of growth and has had a lackluster development performance because it has relied on extractive industries that have brought boom and bust. Korea is a high performing economy that achieved high rates of growth implementing policies that emphasized productivity and promoted industrialization and free trade. Korea's success is explained in terms of its policies promoting the …

The Impact Of Us Political Pressure On The Rmb Exchange Rate, Wenjie Zhang

LUX: A Journal of Transdisciplinary Writing and Research from Claremont Graduate University

The US-China game of Renminbi (RMB)/US Dollar exchange rate has aroused increasing attention recently. From the US perspective, appreciation of RMB exchange rate could reduce the US-China trade deficit, boost the US economy and thus lower the unemployment rate (Cheng and Zhang, 2012). Therefore it is crucial for the US government to figure out whether there is an influence from US political pressure on RMB flexibility and the most effective way to accelerate the appreciation of RMB exchange rate. Aminian et al (2008) believed that US political pressure may be one of the causes for the appreciation of RMB exchange …

The Power Of Politics For Zambia’S Public Sector Unions: A Case Study Of The 2013 Nursing Strikes, Andrew Stawasz, Thaddeus Talbot

Zambia Social Science Journal

Recent pay reform efforts in Zambia have sought to generate more competitive wages and benefits for workers in the public sector. However, these efforts have been characterised by inconsistent policy decisions during wage negotiations. Such decisions produce distortions in the pay structure that result in industrial unrest from unions in the public sector. Previous literature has not examined how public sector unions influence these outcomes in Zambia. This article examines factors that affect public sector unions’ influence in Zambia. Seven factors were identified after analysing the 2013 wage negotiations and subsequent nurses’ strikes at the University Teaching Hospital (UTH) as …

Application Of Sgt Family Distributions In Quasi Maximum Likelihood Estimation, Samuel Dodini

Undergraduate Economic Review

In the classical normal linear regression model, ordinary least squares estimators (OLS) will be consistent and achieve the Cramer-Rao lower bound for any unbiased estimators. This paper examines the impact of several other error distributions on the properties of the OLS estimators. Several different types of example data commonly available to students and researchers in economics are used to illustrate the impact of nonnormality, because, in application, the assumption of normality may not hold in empirical testing. Using maximum likelihood, I demonstrate that flexible probability density functions better model the residual distribution of different types of data, which suggests improvements …

Capital Cost Comparisons Between Low Impact Development (Lid) And Conventional Stormwater Management Systems In Florida, Daniel C. Penniman, Mark Hostetler, Tatiana Borisova, Glenn Acomb

Suburban Sustainability

Low impact development (LID), an ecologically sensitive development strategy and stormwater management (SWM) method, is beginning to be implemented in more suburban and metropolitan projects. However, construction firms that work in Florida have been relatively slow to adopt LID. One significant reason being that many professionals in the development community believe LID practices raise the cost of construction compared to conventional, “pipe and pond” methods. Our objective for this study was to determine how specific capital costs differed between LID and conventional SWM methods. We surveyed a group of LID-experienced design professionals to collect cost data from projects that were …

Of Hawks And Doves: Monetary Policy By Heterogeneous Committees, Gregor Schubert

Undergraduate Economic Review

This paper develops an institutional explanation based on strategic, heterogeneous committee members for the phenomenon of inertia in monetary policy rates, by exploring variations of a game-theoretic two-period, two-player bargaining model with an endogenous status quo. The results show that inertial policy-making can arise from heterogeneity in preferences and that gridlock and policy inefficiency can become more likely due to variability in agenda-setting power, or decreases in uncertainty over the future. These conclusions are shown to accord with the empirical evidence on monetary policy setting by committees at major central banks over the last decade.

Do Foreign Direct Investment And Foreign Aid Promote Good Governance In Africa?, Adugna Lemi, Blen Solomon, Sisay Asefa

International Journal of African Development

The literature on the roles that governance/political and economic stability play to attract capital flows into African economies has been burgeoning. Good governance, liberalization, infrastructure, incentive packages have been regarded as cures to break the deadlock to reverse the economic plight, to attract inflow of capital and, in some cases, to reverse outflows of African economies. The flow of capital, however, has undesirable side effects on host economies’ working conditions, environmental standard, inequality, and culture, among others. These economic and social external or negative spillover effects are due to the phenomenon of “race-to-the-bottom” where companies invest in economies with lax …

The Political Economy Of Poverty Reduction, Abu Girma Moges

International Journal of African Development

Poverty reduction strategies and policies have gained considerable popularity in recent policy discourse and international economic relations. These policies and strategies are framed in the context of the Millennium Development Goals that set specific quantitative targets to be achieved within a specified time framework. The goals specify the targets and require countries to design national poverty reduction strategies and achieve them with a generous financial assistance from the international community. However, the domestic political economic forces remain to shape the extent and effectiveness of such strategies in addressing and reducing the extent and depth of poverty in the reforming countries. …

International Journal Of African Development, Vol. 1, Issue 1

International Journal of African Development

Complete issue of International Journal of African Development, Volume 1, Issue 1.

Diet And Health Capital: An American Case Study, Matthew J. Klein

Undergraduate Economic Review

This paper begins to model diet's contribution to national stocks of Health Capital as defined in Kenneth Arrow et al.'s (2012) "Sustainability and the Measurement of Wealth" by developing a set of equations that link the diet of a nation’s average citizen to that nation’s per capita welfare over time. The model is applied to the American diet from 2005 to 2009. This research finds that even a small change in diet can have a large impact in whether or not a nation is sustainable over time.

How Local Workforce Investment Boards Can Help Support Job Creation, Randall W. Eberts

Employment Research Newsletter

No abstract provided.

Licensing Occupations: How Time And Regulatory Attainment Matter, Morris M. Kleiner

Employment Research Newsletter

No abstract provided.

Global And Local Youth Unemployment: Dislocation And Pathways, Ramon Borges-Mendez, Lillian Denhardt, Michelle Collett

New England Journal of Public Policy

The impact of economic recessions is not felt uniformly across demographic groups, and the detrimental effects of the one-time dislocations can significantly shift the long-term prospects of human development for many years to come. The current recession has been hard on young people in the United States between the ages of 16 and 24, especially minorities (Latino or African American). Labor force participation rates have dropped dramatically and unemployment has reached as high as 30% in some states. Long spells of unemployment and adverse conditions for labor market incorporation further increase the likelihood of other poor life outcomes, such as …

Evaluate The Effect Of Imf’S Longer-Term Concessional Lending Programs On Growth In The Development Background Of Sub-Saharan Region, Guanyi Yang

Undergraduate Economic Review

Despite different voices from critics, the IMF has put development at the center of its policies. This paper tries to separate the effect of SAF, ESAF, PRGF, and ECF on growth empirically. Selecting a sample of 44 countries in the Sub-Saharan region from 1986 to 2011, it analyzes whether the IMF’s longer-term structural adjustment programs influences economic growth in participating countries. Consistent with previous studies, this research shows that SAF and ESAF have statistically insignificant impact on growth in the short term and long term. PRGF and ECF, on the other hand, are found to have a large and strong …