Economics Commons^™

How Global Value Chains Affect Economic Output And Unemployment: An Empirical Evidence From Asean Countries, Sri Juli Asdiyanti Samuda

Bulletin of Monetary Economics and Banking

This paper examines the effects of Global Value Chains on economic output and unemployment in ten ASEAN countries from 1999 to 2018. This study provides estimation using the system GMM and panel causality test to determine the effect of GVC thoroughly. The results indicate a positive and significant effect of global value chains on economic output in ASEAN countries. However, the findings also show that global value chains increase unemployment during the observation period. Heterogenous panel non-causality findings suggest that economic output does not affect the level of participation of GVC, but unemployment affects the level of participation in ten …

Reemployment Services And Eligibility Assessments (Resea) In Maryland—Program Year 2020 Evaluation, Gabrielle Pepin, Christopher J. O'Leary, Kenneth J. Kline, Ting Zhang

Upjohn Institute Technical Reports

No abstract provided.

County-Level Unemployment Dynamics Following The Covid Recession: The Effects Of Ppp Loan Take Up, Preston Antes

Honors Theses

The COVID-19 pandemic caused a nationwide shutdown, dragging the US into a recession. To combat the effects of the pandemic on the economy, Congress created the Paycheck Protection Program (PPP) with the focus of preserving jobs and providing liquidity to small businesses. PPP created low-interest, forgivable business loans with forgiveness tied to a few benchmarks, providing a de facto cash transfer to small businesses. Did PPP preserve jobs? When examining Mississippi, this paper shows that counties with high cyclical unemployment participated more intensely in the program. Furthermore, the research shows that as loan totals grew within a county, local labor …

Essays On Entrepreneurship, Yoshiko Oka

Dissertations, Theses, and Capstone Projects

This dissertation explores the determinants of successful entrepreneurship and entrepreneurial entry. It consists of three chapters.

Chapter 1 estimates the effect of regional concentrations of related industrial firms and business owners' cognitive and non-cognitive traits on their business survival. Using data from the National Longitudinal Survey of Youth 1979 and the County Business Patterns, I find that incorporated businesses that operate in a location where similar businesses are clustered together have a significantly higher chance of survival. However, the effect of location appears to be insignificant for unincorporated businesses. On the other hand, the results show that businesses that are …

To Be Or Not To Be: The Relationship Between Economic Diversity And Unemployment Rates In Canadian Cities During The Covid-19 Induced Shock, Yahaya Alphonse

Major Papers

Regional scholars have broadly studied the role of economic structure in shielding a community from economic shocks. This research has generally involved comparing diversity against specialization. This study compares differences within varying degrees of economic diversity in Canadian cities. Canada has received very little attention in this field despite the importance this knowledge could provide in shaping Canadian economic policy. This paper aims to fill in this gap by analyzing the role economic diversity played in acting as a structural buffer to the COVID-19-induced economic shock. This analysis is done utilizing a Herfindahl Hirschman Index to measure economic diversity and …

2023-1 The Macroeconomic Consequences Of Subsistence Self-Employment, Juan Herreno, Sergio Ocampo

Department of Economics Research Reports

We evaluate the aggregate effects of expansions of credit supply in environments where subsistence self-employment is prevalent. We extend a standard macro development model to include unemployment risk, which becomes a key driver of selection into self-employment. The model is consistent with the joint distribution of earnings and occupations, the reaction of wages to labor demand shocks, and the small effects of expansions in the supply of microloans on the earnings of the self-employed. We find that the elasticity of aggregate output to expansions in credit supply is proportional to the elasticity of individual earnings. This proportionality arises due to …

Part 1: Growth Returns, Now Make It Last, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Region Reports: Hampton Roads

There is some good news to report. Hampton Roads gained population but population growth continues to slow. A record number of residents were at work or looking for work in 2023. A record number of residents of the region reported they were employed in 2023. The number of jobs continued to recovery from the depths of the 2020 economic shock, however, a full recovery may not occur until 2024. Economic growth sharply rebounded from the declines of 2020, and we expect growth to continue in 2023. The region’s economic performance, however, continues to lag many of its peers.

The Impact Of Weather Shocks On Employment Outcomes: Evidence From South Africa, Harriet Margaret Brookes Gray, Vis Taraz, Simon Halliday

Environmental Science and Policy: Faculty Publications

Climate change is increasing the frequency of extreme weather events, such as drought and heat waves. In this paper, we assess the impact of drought and high temperatures on the employment outcomes of working-age individuals in South Africa between 2008 and 2017. We merge high-resolution weather data with detailed individual-level survey data on labor market outcomes, and estimate causal impacts using a fixed effects framework. We find that increases in the occurrence of drought reduce overall employment. These effects are concentrated in the tertiary sector, amongst informal workers, and in provinces with a higher reliance on tourism. Taken together, our …

The Choice Of Technology In Economic Development, Lei Wen, Haiwen Zhou

Economics Faculty Publications

The impact of capital accumulation on job creation is an important and interesting issue in economic development. This model provides a general-equilibrium framework for studying technology choice with unemployment in a developing economy based on micro-foundations. Unemployment in the urban sector results from the existence of efficiency wages. Manufacturing firms engage in oligopolistic competition and choose technologies to maximise profits. A more advanced technology uses more capital and less labour. In the steady state, an increase in the amount of capital induces firms to choose more advanced technologies and the wage rate increases. While a higher capital stock always induces …

Opportunity Cost Of Student Loan Debt Forgiveness: Testing The Impact Of Four Policy Options On United States’ Economy, Emelia Akhlaghi

CGU Theses & Dissertations

Nearly 45 million Americans are trapped in a student loan debt. In total they owe more than $1.75 trillion. Research shows that such a high amount of debt harms the U.S. economy in several ways, preventing anything from small business development to new house purchases, and even weddings and procreation. It is an issue that stakeholders have tried to address by offering different relief measures ranging from re-financing to debt cancellation. Debt cancellation has remained high on the agenda of the Democrat political leadership. This is the reason that student loan debt cancellation was on the agenda of each democrat …