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Northwest Minnesota Economic And Business Conditions Report - First Quarter 2017, Richard A. MacDonald, King Banaian 2017 St. Cloud State University

Northwest Minnesota Economic And Business Conditions Report - First Quarter 2017, Richard A. Macdonald, King Banaian

Northwest Minnesota Economic and Business Conditions Report

The Northwest Minnesota planning area economy is expected to experience steady growth over the next several months according to the predictions of the St. Cloud State University Northwest Minnesota Index of Leading Economic Indicators (LEI). Two of the five index components increased as the LEI was essentially unchanged in the first quarter. An increase in the Rural Mainstreet Index (which signals an improving macroeconomic environment for rural America) and lower initial jobless claims contributed favorably to the first quarter outlook. Weaker residential building permits in Fargo/Moorhead and Grand Forks/East Grand Forks, and slower new filings for LLC and ...


Growing Through The Merger And Acquisition, Jianhuan XU 2017 Singapore Management University

Growing Through The Merger And Acquisition, Jianhuan Xu

Research Collection School Of Economics

The paper studies with an endogenous growth model how the merger and acquisition (M&A) affects the aggregate growth rate. We model the M&A as a capital reallocation process, which can increase both productivity and growth rates of firms. The model is tractable and greatly consistent with patterns observed in the M&A at the micro level. Matching our model to the data, we find that prohibiting the M&A would lead to the reduction of the aggregate growth rate of US economy by 0.1% and the reduction of the aggregate TFP by 5%.


The Effectiveness Of Public Development Banks: Designing Good Impact Evaluations, Alessandro Maffioli, Cesar M. Rodriguez 2017 Inter-American Development Bank

The Effectiveness Of Public Development Banks: Designing Good Impact Evaluations, Alessandro Maffioli, Cesar M. Rodriguez

Cesar M. Rodriguez

PDB programs have become a fundamental ingredient of productive development policy strategies in most emerging economies. Although the overall need for these interventions is rarely questioned, academics and policymakers often debate their effectiveness, as well as the optimal approaches and instruments necessary to implement them. Therefore, the need to produce rigorous evaluations of PDBs has become increasingly relevant for both government and civil society (see Chapter 2).

This chapter presents the main concepts and operational arguments regarding the execution of indepth impact evaluations of PDB initiatives and instruments. For a more practical approach, these arguments are presented with examples of ...


A Cross-Regional Research Partnership For Sustainable Development: The Open African Innovation Research (Open Air) Experience, Chidi Oguamanam, Jeremy de Beer 2017 University of Ottawa

A Cross-Regional Research Partnership For Sustainable Development: The Open African Innovation Research (Open Air) Experience, Chidi Oguamanam, Jeremy De Beer

Chidi Oguamanam


This paper positions and critiques the Open African Innovation Research (Open AIR) network as a unique cross-regional PPP research platform. It examines, on empirical and theoretical perspectives, the elements of the Open AIR project, including its core driving factors relevant to the development gap associated with IP and knowledge governance in Africa. The authors reflect on policy ramifications, practical lessons, and limitations of the cross-regional research partnership for not only advancing the sustainable development objective but also for expanding an understanding of PPPs in a context that is scarcely broached.


A Cross-Regional Research Partnership For Sustainable Development: The Open African Innovation Research (Open Air) Experience, Chidi Oguamanam, Jeremy de Beer 2017 University of Ottawa

A Cross-Regional Research Partnership For Sustainable Development: The Open African Innovation Research (Open Air) Experience, Chidi Oguamanam, Jeremy De Beer

Jeremy de Beer


This paper positions and critiques the Open African Innovation Research (Open AIR) network as a unique cross-regional PPP research platform. It examines, on empirical and theoretical perspectives, the elements of the Open AIR project, including its core driving factors relevant to the development gap associated with IP and knowledge governance in Africa. The authors reflect on policy ramifications, practical lessons, and limitations of the cross-regional research partnership for not only advancing the sustainable development objective but also for expanding an understanding of PPPs in a context that is scarcely broached.


Nebraska Monthly Economic Indicators: June 21, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Monthly Economic Indicators: June 21, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.51% during May of 2017. This is the second consecutive monthly decline in the LEI-N. The declines followed three months of rapid increase from January through March of 2017. Taken together, the LEI-N values imply a moderation in economic growth in Nebraska in late 2017 after strong growth midyear. Among the components of the indicator, business expectations were strong during May while the value of the U.S. dollar fell, which is a positive sign for Nebraska’s export-oriented businesses. However, manufacturing hours, building permits and airline passen


[Review Of The Book Employment And Development: A New Review Of Evidence, By David Turnham], Gary S. Fields 2017 Cornell University

[Review Of The Book Employment And Development: A New Review Of Evidence, By David Turnham], Gary S. Fields

Gary S Fields

[Excerpt] I first encountered David Turnham’s work after majoring in labor economics in undergraduate and graduate school and spending a year in Nairobi studying and modeling the labor market there. The atmosphere in Kenya was crackling with intellectual excitement: John Harris and Michael Todaro had just showed how the solution to urban unemployment might be rural development, George Johnson had demonstrated that earnings function analysis ‘worked’ despite doubts about the quality of developing country data and the applicability of developed country concepts, Dharam Ghai was developing the basic human needs approach to development, and Joe Stiglitz was formulating efficiency ...


Lifetime Migration In Colombia: Tests Of The Expected Income Hypothesis, Gary S. Fields 2017 Cornell University

Lifetime Migration In Colombia: Tests Of The Expected Income Hypothesis, Gary S. Fields

Gary S Fields

[Excerpt] People migrate and areas gain or lose population for a variety of reasons: differences in potential earnings, in job availability, in schooling opportunities, in quality of life, proximity to friends and relatives, and so on. The economic model of migration holds that the central factor determining individual migration decisions is the perceived opportunity to attain higher economic status. Area populations are expected to change differentially according to the economic opportunities offered. In empirical research in developed countries, economic factors have been shown to underlie most migration decisions. In developing countries, where the economic situation of the populace is far ...


Healthcare Spending: Blessing Or Curse, Peter E. Hilsenrath, Katrina Fischer 2017 University of the Pacific

Healthcare Spending: Blessing Or Curse, Peter E. Hilsenrath, Katrina Fischer

Peter E. Hilsenrath

No abstract provided.


A Brief History Of Tsetse Control Methods In Zimbabwe And Possible Effects Of Climate Change On Their Distribution, Rory Pilossof 2017 University of the Free State, South Africa

A Brief History Of Tsetse Control Methods In Zimbabwe And Possible Effects Of Climate Change On Their Distribution, Rory Pilossof

International Journal of African Development

African trypanosomiasis, which affects wildlife, domesticated animals and humans, remains widespread across Africa. Approximately 8 million km2, covering 37 African counties, are infested with tsetse flies (Glossina) that carry the disease (Allsopp 2001). The first part of this paper looks at the history of tsetse control on the northern fly-belt in Zimbabwe, affecting the Mashonaland East, Mashonaland Central and Mashonaland West provinces. In Zimbabwe, tsetse control has shifted and evolved in the twentieth century, ranging from the initial methods of game destruction and bush-clearing, to ground and aerial spraying of insecticides, the sterile insect technique (SIT), tsetse trapping, and ...


Rural Women And The Land Question In Zimbabwe. The Case Of The Mutasa District, Bigboy Toro 2017 University of Fort Hare, South Africa

Rural Women And The Land Question In Zimbabwe. The Case Of The Mutasa District, Bigboy Toro

International Journal of African Development

Zimbabwean rural women make significant contribution to agriculture and are the mainstay of farm labor. Although they do the majority of agricultural work, men, for the most part, continue to own the land, control women’s labor and make agricultural decisions supported by patriarchal social systems. Women’s access to land is usually through their fathers, husbands, brothers or sons. This has made it difficult for women to gain equal access to land under the Fast Track Land Reform Programme (FTLRP). Findings indicate that there are a number of challenges and constraints that are experienced by rural women under the ...


Asymmetric Benefits: The Ethio-Eritrea Common Market (1991 To 1998), Worku Aberra 2017 Dawson College, Westmount, Quebec

Asymmetric Benefits: The Ethio-Eritrea Common Market (1991 To 1998), Worku Aberra

International Journal of African Development

Economic theory suggests that a common market between two or more countries improves overall well-being, but it creates winners and losers in each country. Recent empirical findings also show that the overall impact of a common market on per capita income depends on the similarity of economic development between member countries. A common market among developed countries results in the convergence of per capita income while a common market among developing countries results in the divergence of per capita income. The difference in outcome, some economists suggest, is due to variations in comparative advantage between member states and the rest ...


China And Post-Millennium African Economic Development Strategy As A Non-Zero-Sum-Game, Paul Milkias 2017 Concordia University, Montreal, Canada

China And Post-Millennium African Economic Development Strategy As A Non-Zero-Sum-Game, Paul Milkias

International Journal of African Development

This paper will probe Africa's and China’s historical trajectory regarding economic development. It analyzes China's and Africa's creative leap, particularly since the millennium, into a new paradigm, a new way of economic relationship totally different from that with the West. The focus is on analyzing China’s heavy economic investment in Africa based on the assumption that the relationship is mutually beneficial rather than being exploitative as some scholars suggest. The hypothesis draws from Decision Theory’s concept of a Zero-Sum Game. It is understood that in a two partnered non-zero sum game theory, one partner ...


Africa In Global Climate Change Governance: Analyzing Its Position And Challenges, Anwar Hassen Tsega 2017 Marmara University, Istanbul, Turkey

Africa In Global Climate Change Governance: Analyzing Its Position And Challenges, Anwar Hassen Tsega

International Journal of African Development

Climate change has emerged as a major global issue that affects all nations and has become a phenomena requiring global governance in the modern globalized world. Though the African contribution to the increase Greenhouse Gas (GHG) is very small, climate change is a concern of African countries. This paper is aimed to analyze the African position and challenges in the governance of climate change. Nonetheless, there are opportunities created for adaptation and mitigation, the implementation of these measures is constrained by lack of financial, institutional and human capacities. Accordingly, the Africans position in the international system and lack of the ...


Editorial Note, Sisay Asefa 2017 Western Michigan University

Editorial Note, Sisay Asefa

International Journal of African Development

No abstract provided.


International Journal Of African Development, Vol. 4, Issue 1, 2017 Western Michigan University

International Journal Of African Development, Vol. 4, Issue 1

International Journal of African Development

Complete issue of International Journal of African Development, Volume 4, Issue 1 - Fall 2016.


Malthusian Stagnation Is Efficient, Juan C. Cordoba, Xiying Liu 2017 Iowa State University

Malthusian Stagnation Is Efficient, Juan C. Cordoba, Xiying Liu

Juan Carlos Cordoba

Malthusian economies are generally deemed inefficient: stagnated, highly unequal, and densely populated by a labouring class prone to high fertility. This article defines and characterizes efficient allocations in Malthusian environments of fixed resources and endogenous fertility. We show, that under general conditions, efficient allocations exhibit stagnation in standards of living, inequality, differential fertility, and a high population density of poorer individuals.


Show Me The Money: Federal R&D Support For Academic Chemistry, 1990–2009, Joshua L. Rosenbloom, Donna K. Ginther 2017 Iowa State University and NBER

Show Me The Money: Federal R&D Support For Academic Chemistry, 1990–2009, Joshua L. Rosenbloom, Donna K. Ginther

Joshua L. Rosenbloom

We examine the distribution of Federal support for chemistry Research and Development (R&D) performed at U.S. universities from 1990-2009. Federal R&D funding is an essential source of funds for investigator-driven research at the nation’s universities. Previous studies have documented that aggregated federal R&D funding has become more dispersed over time and attributed this to political pressure to spread resources more evenly. There have, however, been few studies of the allocation of funds within narrowly defined scientific disciplines. By narrowing the focus and exploiting the panel nature of our data we are better able to analyze ...


Powerful Trend Function Tests That Are Robust To Strong Serial Correlation With An Application To The Prebish Singer Hypothesis, Helle Bunzel, Timothy J. Vogelsang 2017 Iowa State University

Powerful Trend Function Tests That Are Robust To Strong Serial Correlation With An Application To The Prebish Singer Hypothesis, Helle Bunzel, Timothy J. Vogelsang

Helle Bunzel

We propose tests for hypotheses on the parameters of the deterministic trend function of a univariate time series. The tests do not require knowledge of the form of serial correlation in the data, and they are robust to strong serial correlation. The data can contain a unit root and still have the correct size asymptotically. The tests that we analyze are standard heteroscedasticity autocorrelation robust tests based on nonparametric kernel variance estimators. We analyze these tests using the fixed-b asymptotic framework recently proposed by Kiefer and Vogelsang. This analysis allows us to analyze the power properties of the tests with ...


Endogenous Lifetime And Economic Growth Revisited, Helle Bunzel, Xue Qiao 2017 Iowa State University

Endogenous Lifetime And Economic Growth Revisited, Helle Bunzel, Xue Qiao

Helle Bunzel

Chakraborty [Journal of Economic Theory, 2004] introduces endogenous mortality in a two period overlapping generations model by postulating that the probability of surviving from the first period to the second depends on tax−funded public health. His central result on the existence of multiple steady states (including development traps) summarized in Proposition 1 is incorrect. This paper presents the correct proposition and its proof, and in the process, uncovers several new, interesting results. Contrary to Chakraborty's analysis, high mortality yet high capital nations may not be able to escape the poverty trap. Interestingly, TFP growth can help economies escape ...


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