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Full-Text Articles in Macroeconomics
Economic Anomalies Following The Handover Of Hong Kong, Nathan Martin
Economic Anomalies Following The Handover Of Hong Kong, Nathan Martin
Economics Undergraduate Honors Theses
This paper seeks to examine and provide a possible explanation for economic anomalies in Hong Kong following its handover to China. Hong Kong was on a 99-year lease to the United Kingdom from China before being handed back over July 1st, 1997. Due to the “one country, two systems” policy espoused in the handover agreement that was to be implemented for fifty years, this event marks a rare natural experiment of a peaceful regime change without a significant change in governance. This paper seeks to understand the impact of the act of regime change on selected key macroeconomic …
Income Inequality And Economic Growth: An Analysis, Nicholas Martin
Income Inequality And Economic Growth: An Analysis, Nicholas Martin
Economics Undergraduate Honors Theses
Income inequality and its relationship with economic growth has been a subject of debate in academia for decades. This paper examines the relationship the Gini index of five selected countries and four macroeconomic variables (GDP growth, unemployment rate, lending interest rate, and savings rate) for each country with two developed nations being represented (United States and Italy) and three developing nations being represented (Peru, Belarus, and Indonesia). After reviewing the literature on the relationship between income inequality and economic growth, a multivariate regression analysis of each country is presented; first with GDP growth as the dependent variable, followed by a …
An Anomaly In Unemployment Rates: A Comparative Analysis Of Federal Governments’ Responses To The Covid-19 Pandemic, Trent Arney
An Anomaly In Unemployment Rates: A Comparative Analysis Of Federal Governments’ Responses To The Covid-19 Pandemic, Trent Arney
Economics Undergraduate Honors Theses
During the COVID-19 pandemic, the United Kingdom experienced extremely low unemployment rates compared to similarly developed nations. As a result of the ensuing national recessions, the United States’ and Canada’s Phillip’s Curves shifted, while the United Kingdom’s remained steady. Each of these three nations pursued relatively similar monetary and fiscal policies; however, the United Kingdom’s government-supported wage policy had different requirements and specifications than that of the United States’ and Canada’s. The United Kingdom’s government-supported wage policy prioritized saving jobs while the United States’ and Canada’s policies prioritized saving firms, leading to the disparity in national unemployment rates observed during …
Literacy Rates Analysis: An International Comparison, Macarena Arce
Literacy Rates Analysis: An International Comparison, Macarena Arce
Economics Undergraduate Honors Theses
This paper attempts to provide a more complete reckoning of the economics of literacy rates around the world. It consists on a literature review about the economic benefits and costs of literacy rates and then it shows two econometrics models that attempt to predict literacy rates based on GDP, government expenditure, and several other independent variables.