A Systematic Investigation Of The Effect Of Wildfire Events And Risks On Property Values, 2019 University of New Mexico
A Systematic Investigation Of The Effect Of Wildfire Events And Risks On Property Values, Qiuhua Ma
Wildfires frequency and severity have been increasing in the western United States over the past few decades. This rising threat is caused by the accumulated fuel load, climate change, and the rapid expansion of housing in the wildland-urban interface (WUI). Since most mitigation and suppression costs are borne by taxpayers, policy analysts seek both market (e.g., protection and suppression cost) and non-market cost estimates of wildfires. As one tool, the hedonic pricing method is commonly used to investigate wildfire effects on property values. There are a variety of hedonic studies investigating wildfire, with mixed and/or inconsistent results. Model ...
Welcome To The Neighborhood: A Spatial Analysis Of Crime And Housing Values, 2019 The University of Akron
Welcome To The Neighborhood: A Spatial Analysis Of Crime And Housing Values, Anthony Senick
Honors Research Projects
Crime is an obvious unwanted problem in any population anywhere in the world. Not only does it present problems for public safety, but it crime has negative monetary costs as well. One such way these costs can be observed is in their effect on property values. Past studies have examined this relationship between crime and housing values using the hedonic housing price model and spatial analysis, and I attempt to perform a similar analysis, but with the inclusion of new variables and spatial techniques, for the City of Akron, Ohio. With 2017 housing sale data provided by the Summit County ...
An Examination Of The Stock Market's Effect On Economic Inequality, 2019 The University of Akron
An Examination Of The Stock Market's Effect On Economic Inequality, Nicholas Golina
Honors Research Projects
The economic literature on economic inequality has shown that it can negatively impact aggregate demand because it indicates a higher concentration of wealth in the hands of the top 10% as opposed to the poor and middle class, who are more likely to consume. The literature has identified many factors that can lead to increasing inequality. The stock market could be one of those factors since it can either create an upward redistributive effect towards the top 10% or redistributive effect towards the middle class. This paper tested the effect of the stock market on inequality. This study contributes to ...
Brain Drain And Emigration: How Do They Affect Source Countries?, 2019 The University of Akron
Brain Drain And Emigration: How Do They Affect Source Countries?, Nicholas Chura
Honors Research Projects
This paper examines the effect of different skill levels of emigration on a country’s labor market, from high skill brain drain to low skill emigration. By utilizing an IADB Brain Drain data set to measure emigration rates among those with low, medium, and high educational attainment in a country, the effect of brain drain vs. low skill emigration on productivity and unemployment is examined. These data span from 1980 to 2010 with measurements every five years for 195 World Bank countries. By utilizing two two-way fixed effects models with GDP per capita and unemployment rate as the dependent variables ...
A Posterior-Based Wald-Type Statistic For Hypothesis Testing, 2018 Singapore Management University
A Posterior-Based Wald-Type Statistic For Hypothesis Testing, Yong Li, Xiaobin Liu, Tao Zeng, Jun Yu
Research Collection School Of Economics
A new Wald-type statistic is proposed for hypothesis testing based on Bayesian posterior distributions. The new statistic can be explained as a posterior version of Wald test and have several nice properties. First, it is well-defined under improper prior distributions. Second, it avoids Jeffreys-Lindley's paradox. Third, under the null hypothesis and repeated sampling, it follows a x2 distribution asymptotically, offering an asymptotically pivotal test. Fourth, it only requires inverting the posterior covariance for the parameters of interest. Fifth and perhaps most importantly, when a random sample from the posterior distribution (such as an MCMC output) is available, the proposed ...
The Impact Of Cleft Lip And Palate Repair Surgery On Cognitive And Academic Outcomes For Teens In India, 2018 The University of San Francisco
The Impact Of Cleft Lip And Palate Repair Surgery On Cognitive And Academic Outcomes For Teens In India, R Jeremiah Maller
India has a backlog of nearly one million patients in need of cleft lip and palate repair. Unrepaired cleft results in social stigma and diminished health, psychological wellbeing, and academic functioning. Cleft repair surgery has the potential to restore functioning in these domains. However, the magnitude of the social, educational, and economic impact of cleft repair surgery has not been evaluated using statistically rigorous methods. An estimation of the academic and educational impact of cleft repair has implications for the appropriate allocation of public health resources. We analyze original data gathered from teenagers in West Bengal, India using the difference-in-differences ...
Corporate Social Responsibility And Financial Performance: An Examination Of The Dow Jones Sustainability North American Index, Elizabeth A. Fides
Applied Economics Theses
This thesis explores the topic of corporate social responsibility (CSR) and the relationship between CSR and corporate profitability. This thesis includes a literature review which traces the history of CSR from 1920s through current theoretical positions. The thesis then examines the relationship between financial gain and CSR as defined by the sustainability parameters set by the Dow Jones Sustainability Index North America. Results from analysis performed show that corporations which practice CSR may benefit from increased stability compared to other index performance criteria, but improved financial performance as measured by stock price is inconclusive.
Do Congressmen Really Drive Cars?, 2018 Utah State University
Do Congressmen Really Drive Cars?, Tyler Brown
All Graduate Plan B and other Reports
My research focuses on stock returns around term elections. I will be looking at the 50 most held stocks of congressmen, and taking the returns of these stocks against the market average during election season. I examine if there are Cumulative Abnormal Returns (CARs) that can be realized as a result of information about the elections. I want to find any possible trading strategy that investors could use to obtain returns that are in excess of the market average. I am attempting to discover how the market behaves when election season is occurring. This information could prove to be very ...
Investing In Agribusiness Stocks And Farmland: A Boom Or Bust Analysis, 2018 Utah State University
Investing In Agribusiness Stocks And Farmland: A Boom Or Bust Analysis, Asif Rasool
All Graduate Theses and Dissertations
As intelligent investors, we should always consider holding assets of different classes. Investing in assets from various classes allows us to minimize portfolio risks. In this paper, we recommend a better way of devoting money, especially for the investors who are interested in the agricultural sector. Historically fund managers use Markowitz framework to create financial portfolios. However, that framework has some fundamental limitations. A copula is a modern approach that counters the disadvantages of the Markowitz framework, to deal with portfolio construction. Copula also identifies the downside risk (the maximum amount of money you can lose) of a portfolio.
The Effects Of Economic Policy Uncertainty On Common Stock And American Depository Receipts, 2018 Utah State University
The Effects Of Economic Policy Uncertainty On Common Stock And American Depository Receipts, Bradley David Zynda Ii
All Graduate Plan B and other Reports
Uncertainty can have profound implications on both firms and individuals who hope to optimally make decisions in their best interest. In this research, I seek to examine the impact that economic policy uncertainty has on domestic and foreign stock. In particular, I take a market microstructure perspective focused on stock liquidity and volatility measures in response to changes in economic policy uncertainty. Understanding the directional flow of economic policy uncertainty and the magnitude of the consequences at home and abroad can both help prepare agents to make good decisions about the future and exhort policy makers to be more efficient ...
Toward A Theory Of Entry In Moral Markets: The Role Of Social Movements And Organizational Identity, 2018 Melbourne Business School
Toward A Theory Of Entry In Moral Markets: The Role Of Social Movements And Organizational Identity, Brandon Lee, Panikos Georgallis
Review Of Demographics And The Demand For Higher Education, By Nathan Grawe (2018), 2018 Dakota Wesleyan University
Review Of Demographics And The Demand For Higher Education, By Nathan Grawe (2018), Michael T. Catalano
Nathan D. Grawe. 2018. Demographics and the Demand for Higher Education (Baltimore: John Hopkins University Press). 175 pp. ISBN 9781421424132.
Grawe introduces the Higher Education Demand Index (HEDI), a new probabilistic model designed to produce more nuanced forecasts of college attendance in the US than one-dimensional predictions based on the declining number of 18 year-olds. Using HEDI, Grawe confirms that nationwide attendance at both 2-year and 4-year schools is likely to decline over the next decade, but that the nature of this decline will vary by type of institution, geography, race and ethnicity, and parental income and education levels; some ...
Lynn Steen's Imprint On Demographic Change And The Demand For Higher Education, 2018 Carleton College
Lynn Steen's Imprint On Demographic Change And The Demand For Higher Education, Nathan D. Grawe
Nathan D. Grawe. 2018. Demographic Change and the Demand for Higher Education (Baltimore, MD: Johns Hopkins University Press) 192 pp. ISBN 978-1421424132.
This essay introduces and excerpts my Demographic Change and the Demand for Higher Education, published by Johns Hopkins University Press. The book reflects Lynn Steen's vision of quantitative reasoning as more to do with the quality of thought than the impressiveness of the mathematical tools involved. The excerpt lays out the basic demographic challenge facing higher education and how a refinement of simple headcount forecasts can support institutions of higher education as they make preparations.
Indigenous Access To Skilled Jobs In The Canadian Forest Industry: The Role Of Education, 2018 Canadian Forest Service
Indigenous Access To Skilled Jobs In The Canadian Forest Industry: The Role Of Education, Ian G. Cahill
The International Indigenous Policy Journal
In this article, the effect of education on the skill level of jobs held by Indigenous people working in the Canadian forest industry is examined. A skill index based on detailed occupation is used as the dependent variable in ordered logit models estimated using data from Statistics Canada’s 2011 National Household Survey (NHS). Results are obtained by gender. In the case of men, for Métis (a specific mixed European and Indigenous culture) and for First Nations living off reserve estimates of the effect of education are similar to those for non-Indigenous people. The estimated effect is lower for those ...
The Impact Of Remittances On Education Attainment: Evidence From Dominican Republic, 2018 Honors College, Pace University
The Impact Of Remittances On Education Attainment: Evidence From Dominican Republic, Tahiya Begum
Honors College Theses
This paper will examine the relationship between remittances and education attainment focusing on Dominican Republic in 2002. This study will focus on households in Dominican Republic using surveys from IPUMS international and the data is cross-sectional. Sending remittances increases the income for households, which in return, influences the spending on education. The study of remittances is analyzed in a more cultural and social value rather than entirely economic. The dynamic and structure of a family is crucial when studying the effects of remittances in a developing country. Key findings from this analysis is that the relationship between education attainment and ...
Microfinance, Msmes And The Macro Economy: Evidence From India, 2018 Honors College, Pace University
Microfinance, Msmes And The Macro Economy: Evidence From India, Monica Casabona
Honors College Theses
Much of prior literature on the relationship between microfinance and the macro-economy has focused on the effect of the latter in determining the success of microfinance institutions (MFIs). However, the microfinance industry has been underserved in studies evaluating microfinance as a legitimate contributor toward macro-economic growth. Researching this connection would provide a clearer direction for policymakers to support microfinance, and the institutions that foster such activities. This paper investigates the hypothesis that microfinance is not only important to the people at the bottom of the socio-economic pyramid, but for the overall health of a national economy. We explore different mechanisms ...
Diagnostic Tests For Homoskedasticity In Spatial Cross-Sectional Or Panel Models, 2018 Singapore Management University
Diagnostic Tests For Homoskedasticity In Spatial Cross-Sectional Or Panel Models, Badi Baltagi, Alain Pirotte, Zhenlin Yang
Research Collection School Of Economics
We propose tests for homoskedasticity in spatial econometric models, based on joint or concentrated score functions and an Outer-Product-of-Martingale-Difference (OPMD) estimate of the variance of the joint or concentrated score functions. Versions of these tests robust against non-normality are also given. Asymptotic properties of the proposed tests are formally examined using a cross-section model and a panel model with fixed effects. Monte Carlo results show that the proposed tests based on the concentrated score function have good finite sample properties. Finally, the generality of the proposed approach in constructing tests for homoskedasticity is further demonstrated using a spatial dynamic panel ...
Examining Moral Hazard In The Healthcare Insurance Market, 2018 Honors College Pace University
Examining Moral Hazard In The Healthcare Insurance Market, Samuel Ashby
Honors College Theses
This study aims to examine the effect of insurance coverage on medical expenditure in the United States. The data was gathered from the Household Component Medical Expenditure Panel Survey and is a cross-sectional data set with a sample size of approximately 1500 observations. The study also distinguishes between public and private insurance coverage to compare the potential moral hazard in the two separate markets. The results of this study suggest that insurance status, specifically public, has a strong positive effect on healthcare expenditure. This result, combined with a negative relationship between household income and healthcare expenditure, suggests that the source ...
The Missing Benefits Of Clean Water And The Role Of Mismeasured Pollution, 2018 Iowa State University
The Missing Benefits Of Clean Water And The Role Of Mismeasured Pollution, David A. Keiser
Economics Working Papers
Although the U.S. spends billions of dollars a year controlling water pollution, there is little empirical evidence of comparable benefits. This study argues that measurement error in pollution data causes benefits to be underestimated. Using upstream concentrations as instrumental variables for local concentrations, the study finds substantial benefits from reducing nutrient pollution. Instrumental variable estimates of the effects of phosphorus on recreational use are an order of magnitude larger than conventional estimates. The study uses a long-term pollution dataset from Iowa to show that this difference is consistent with estimates of measurement error in several U.S. water pollution ...
Passive Investors, 2018 University of Pennsylvania Law School
Passive Investors, Jill E. Fisch, Asaf Hamdani, Steven Davidoff Solomon
The increasing percentage of the modern capital markets owned by passive investors – index funds and ETFs – has received extensive media and academic attention. This growing ownership concentration as well as the potential power of passive investors to affect both corporate governance and operational decision-making at their portfolio firms has led some commentators to call for passive investors to be subject to increased regulation and even disenfranchisement. These reactions fail to account for the institutional structure of passive investors and the market context in which they operate. Specifically, this literature assumes that passive investors compete primarily on cost and that, as ...