Alianzas Estratégicas, 2015 SelectedWorks
Alianzas Estratégicas, Guillermo Arosemena
No abstract provided.
Slow Information Diffusion And The Inertial Behavior Of Durable Consumption, 2015 SelectedWorks
Slow Information Diffusion And The Inertial Behavior Of Durable Consumption, Yulei Luo, Jun Nie, Eric Young
This paper studies the aggregate dynamics of durable and nondurable consumption under slow information diffusion (SID) due to noisy observations and learning within the permanent income framework. We show that SID can significantly improve the model's predictions on the joint behavior of income, durable consumption, and nondurable consumption at the aggregate level. Specifically, we find that SID can significantly improve the model's predictions for: (i) smoothness in durable and nondurable consumption, (ii) autocorrelation of durable consumption, and (iii) contemporaneous correlation between durable and nondurable consumption.
Convergence In Models With Bounded Expected Relative Hazard Rates, 2014 SelectedWorks
Convergence In Models With Bounded Expected Relative Hazard Rates, Carlos Oyarzun, Johannes Ruf
We provide a general framework to study stochastic sequences related to an array of models in different literatures, including models of individual learning in economics, learning automata in computer sciences, social learning in marketing, and many others. In this setup, we study the asymptotic properties of a class of stochastic sequences that take values in [0,1] and satisfy a property that we call “bounded expected relative hazard rates.” We provide sufficient conditions for related sequences, which, compared to the original sequence, either move slowly or slow down over time, that yield con- vergence to one with high probability or ...
Does Foreign Aid Reduce Tax Revenue? Further Evidence, 2014 SelectedWorks
Does Foreign Aid Reduce Tax Revenue? Further Evidence, John Thornton
A common criticism of foreign aid is that it reduces domestic tax effort. Empirical research on the issue has been hampered by the failure to tackle endogeneity issues effectively. We use measures of geographical and cultural distance to donor countries as instrumental variables to uncover the causal effect of aid on tax revenue in a panel of 93 countries. The tax to GDP ratio is found to decrease following aid inflows. This reduction in tax effort is statistically and economically significant; a one SD increase in aid causes a 0.52 percentage point drop in the tax-to-GDP ratio. The results ...
Teacher Quality At The High-School Level: The Importance Of Accounting For Tracks, C. Kirabo Jackson
C. Kirabo Jackson
Unlike in elementary school, high-school teacher effects may be confounded with both selection to tracks and unobserved track-level treatments. I document sizable confounding track effects, and show that traditional tests for the existence of teacher effects are likely biased. After accounting for these biases, high-school algebra and English teachers have much smaller test-score effects than found in previous studies. Moreover, unlike in elementary school, value-added estimates are weak predictors of teachers’ future performance. Results indicate that either (a) teachers are less influential in high school than in elementary school, or (b) test scores are a poor metric to measure teacher ...
Cost Effectiveness Of Open Access Publications, 2014 SelectedWorks
Cost Effectiveness Of Open Access Publications, Jevin D. West, Ted C. Bergstrom, Carl T. Bergstrom
Ted C Bergstrom
Open access publishing has been proposed as one possible solution to the serials crisis—the rapidly growing subscription prices in scholarly journal publishing. However, open access publishing can present economic pitfalls as well, such as excessive article processing charges. We discuss the decision that an author faces when choosing to submit to an open access journal. We develop an interactive tool to help authors compare among alternative open access venues and thereby get the most for their article processing charges. (JEL I2, C1, A1)
The Exporter Productivity Premium Along The Productivity Distribution: Evidence From Quantile Regression With Nonadditive Firm Fixed Effects, David Powell, Joachim Wagner
A vast literature on the international activities of heterogeneous firms finds the existence of a positive exporter productivity premium. On average, exporting firms are more productive than firms that sell on the national market only. The Melitz (2003) model, however, has implications for not only mean differences but also differences in the distribution of productivity. Furthermore, exporting firms may be different from non-exporting firms for reasons that are not included in the Melitz model. We believe that conditioning on firm fixed effects and studying the distribution of productivity are both necessary for empirical tests of the Melitz model. This paper ...
The Modern Drivers Of Productivity, 2014 SelectedWorks
The Modern Drivers Of Productivity, Francesco Venturini
This paper studies the role of technology spillovers in productivity growth of OECD countries looking at investments in Information and Communication Technology (ICT) and Research & Development (R&D). We find that both forms of technologically-advanced capital (ICT and R&D) influence total factor productivity (TFP) over the long run: the former effect derives from externalities related to the use of ICT capital, the latter from knowledge spillovers generated by research performed to produce ICT goods. These findings are robust to controlling for import penetration of ICT products and the underlying R&D. Our evidence suggests that: i) investing in ICT ...
Stigmatization And Racial Selection After September 11, 2001, 2014 SelectedWorks
Stigmatization And Racial Selection After September 11, 2001, Patrick Leon Mason, Andrew Matella
Patrick L. Mason
During the 2000s Arab and Islamic American racial identity selection was subjected to an exogenous racializing event, viz., public and private reaction to the Al Qaeda attacks of September 11, 2001. The Al Qaeda attacks clearly demarcate a period in which there was a structural increase in the intensity of US stigmatization of persons with Islamic religious affiliation and Arab ethnicity. This stigmatization created an exogenous reduction in the expected payoff to acculturation relative to non-acculturation. This paper uses self-identification as white as its measure of acculturation and the fraction of all hate crimes directed at Muslims as its measure ...
Series 14: Photographs, 1944 - 1989, 2014 Texas Southern University
Series 14: Photographs, 1944 - 1989, Mickey Leland Center For Environment Justice And Sustainability
The files included in this section are organized as Series 14 and located in Boxes 1-40.
The Mickey Leland audio-visual collection includes audio recordings, films and video recordings, and a photographic collection.
The Film/Video Collection. Films and videos in this collection range in viewing length from 10 seconds to more than an hour. The videos have been indexed by speakers, those spoken about, bills discussed, government agencies named and specific historic events. Keywords have also been applied in “Notes” to give the user the broadest possible access to the Collection.
The Video Collection has been processed into four categories ...
Cosmopolitanism And Global Justice: A Review Essay Of Cosmopolitan Regard By Richard Vernon, 2014 Chapman University
Cosmopolitanism And Global Justice: A Review Essay Of Cosmopolitan Regard By Richard Vernon, Tiana-Renée C. Silva
e-Research: A Journal of Undergraduate Work
While geologists may not be able to find physical proof to suggest that the world is shrinking, social scientists are convinced that this is the case. The amount of information that is shared amongst the world's citizens has grown exponentially over the years, and evidence of an increasingly interconnected world can be seen in every facet of our everyday lives from the food we eat to what we watch on television. Thousands of miles that once divided us from one another are now eliminated by telephones, the Internet, and even the ability to make telephone calls over the Internet ...
The Perception Of The Economy Influencing Public Opinion On Immigration Policy, 2014 Chapman University
The Perception Of The Economy Influencing Public Opinion On Immigration Policy, Jeff Sanchez
e-Research: A Journal of Undergraduate Work
Does the majority express interest concerning immigration on the basis of perceived personal economic circumstance and security, or on the basis of its perception of the state of the national economy? This study explains how perception of the state of the economy influences opinion on immigration policy. This study finds that an individual's preferences for varying immigration policies are rooted in his or her perception of the state of the national economy, rather than being narrowly determined by his or her perception of their own economic circumstance and security.
Globalization And Development In Latin America And The Caribbean: A Review, 2014 Chapman University
Globalization And Development In Latin America And The Caribbean: A Review, Diego José Romero
e-Research: A Journal of Undergraduate Work
Globalization and Development: A Latin American and Caribbean Perspective (2003) is a study of the process of globalization in the economic, political and cultural spheres, focusing mainly on the economic developments. Understanding the process as being multidimensional in nature, the authors, José Antonio Ocampo and Juan Martin, the Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC) and the Special Advisor to the Executive Secretary respectively[i], analyze globalization as a historic event realized in three well-differentiated phases, which prove, that it is not an irreversible process. The authors define globalization as "the growing influence exerted ...
Senate Finance Committee Testimony On Energy Tax Reform, 2014 SelectedWorks
Senate Finance Committee Testimony On Energy Tax Reform, Gilbert E. Metcalf
Gilbert E. Metcalf
Testimony presented to the full Committee at a hearing held on September 17, 2014.
Promoting Renewable Energy Generation In The United States: The Debate Over Renewable Portfolio Standards, 2014 University of Puget Sound
Promoting Renewable Energy Generation In The United States: The Debate Over Renewable Portfolio Standards, Joe Cerne
Incentivizing renewable energy growth in the 21st century is, and will continue to be, a highly debated topic. As of late, legislative initiatives have prompted the enactment of various renewable portfolio standards aimed at stimulating renewable energy growth. Using data regarding each state’s energy production, this paper finds that there is no significant change in renewable energy output following the initiation of a renewable portfolio standard. We conclude that renewable energy growth is virtually unaffected by renewable portfolio standards and as such, we agree with much of the literature implying other means are necessary in order to adequately ...
Nuclear Chain Reaction: Why Economic Sanctions Are Not Worth The Public Costs, 2014 SelectedWorks
Nuclear Chain Reaction: Why Economic Sanctions Are Not Worth The Public Costs, Nicholas C.W. Wolfe
Nicholas A Wolfe
International economic sanctions frequently violate human rights in targeted states and rarely achieve their objectives. However, many hail economic sanctions as an important nonviolent tool for coercing and persuading change. In November 2013, the Islamic Republic of Iran negotiated a temporary agreement with major world powers regarding Iran’s nuclear program. The United States’ media and politicians have repeatedly and incorrectly attributed Iran’s willingness to negotiate to the effectiveness of economic sanctions.
Politicians primarily focus on immediate domestic effects and enact sanctions without a thorough understanding of the long-term effects on the United States economy and the public within ...
Governing For The Corporations: History And Analysis Of U.S. Promotion Of Foreign Investment, Michael R. Miller
Michael R Miller
This paper explores and analyzes U.S. government support for foreign investors, especially major oil companies.
Throughout the 20th Century the US government has repeatedly used its international political influence to benefit US corporate activities abroad. The US government and others assumed initially that this was in the larger interests of the United States because US companies would represent and promote the United States’ policy agenda.
However, US corporate activities abroad over the last century seem to indicate this assumption was flawed. In numerous examples, US corporations have either ignored or thwarted the stated interests of the US government. At ...
The Ciudades Modelo Project: Testing The Legality Of Paul Romer’S Charter Cities Concept By Analyzing The Constitutionality Of The Honduran Zones For Employment And Economic Development, 2014 SelectedWorks
The Ciudades Modelo Project: Testing The Legality Of Paul Romer’S Charter Cities Concept By Analyzing The Constitutionality Of The Honduran Zones For Employment And Economic Development, Michael R. Miller
Michael R Miller
Over the last several years, the Honduran government has been aggressively advancing a "model cities" project that it argues will provide options for its citizens to escape the extreme violence in their country without migrating to the U.S. The model cities, which are formally called "Zones for Employment and Economic Development" ("ZEDEs"), are purported to be autonomously governed areas that will attract foreign investment and compete for residents by establishing safer communities and better managed institutions governed by the rule of law.
The ZEDEs trace their origin to a concept formulated by development economist Paul Romer, who proposed the ...
Groundings Volume One, Issue One, 2014 Kennesaw State University
Groundings Volume One, Issue One, Editors Groundings
This is the full issue of Groundings Vol. 1, Iss. 1.
St. Cloud Area Quarterly Business Report, Vol. 16, No. 3, 2014 St. Cloud State University
St. Cloud Area Quarterly Business Report, Vol. 16, No. 3, King Banaian, Richard A. Macdonald
St. Cloud Area Quarterly Business Report
No abstract provided.