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Essays On Inequality And Macroeconomic Stability, Thomas Hauner 2017 The Graduate Center, City University of New York

Essays On Inequality And Macroeconomic Stability, Thomas Hauner

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters. . .

Chapter 1: Aggregate Wealth and Its Distribution as Determinants of Financial Crises: Panel Evidence This essay investigates the relationship between wealth inequality and financial crises across a panel of nine advanced economies over the past 100 years. While substantiation of a role for income inequality is ambiguous in the literature, evidence is presented suggesting a unique capacity for the accumulation of assets to increase the likelihood of a future financial crisis episode. Testing long-run panel data with a reduced form, two-way fixed effects model, estimates suggest that increasing wealth inequality, in an economy with ...


The Impact Of Public Credit Programs On Brazilian Firms, Joao Alberto DeNegri, Alessandro Maffioli, Cesar Rodriguez 2017 Instituto de Pesquisa Econômica Aplicada

The Impact Of Public Credit Programs On Brazilian Firms, Joao Alberto Denegri, Alessandro Maffioli, Cesar Rodriguez

Cesar Rodriguez

This paper analyzes the effectiveness of public credit lines in promoting the performances of Brazilian firms. We focus on the impact of the credit lines managed by BNDES and FINEP in fostering growth measured in terms of employment, labor productivity and export. For this purpose, we use a unique panel data set developed by the Instituto de Pesquisa Econômica Aplicada (IPEA), which includes information on both firm-level performances and access to public credit lines. This particular data setting allows us to use quasi-experimental techniques to control for selection bias when estimating the impact of the public credit lines. The core ...


The Role Of Inflation Targeting In Debt Denomination In Developing Countries, Olena Ogrokhina, Cesar M. Rodriguez 2017 Lafayette College

The Role Of Inflation Targeting In Debt Denomination In Developing Countries, Olena Ogrokhina, Cesar M. Rodriguez

Cesar Rodriguez

This paper analyzes the inflation targeting experience of developing countries as an effective monetary policy framework to promote changes in the currency composition of their international debt. Using matching with difference-in-differences to address the self-selection bias, we find that in inflation targeting has led to a 3-6 percentage point reduction in the foreign currency share of international debt in targeting countries when compared to non-targeting countries. Furthermore, from the analysis of the individual currency shares, we find that inflation targeting has contributed to a 10 percentage points lower US dollar share in international debt in targeting countries compared to non-targeting ...


Assessing The Impact Of Cluster Policies: The Case Of The Arranjos, Lucas Figal Garone, Alessandro Maffioli, Cesar Rodriguez, Gonzalo Vazquez Bare, Joao Alberto DeNegri 2017 Inter-American Development Bank

Assessing The Impact Of Cluster Policies: The Case Of The Arranjos, Lucas Figal Garone, Alessandro Maffioli, Cesar Rodriguez, Gonzalo Vazquez Bare, Joao Alberto Denegri

Cesar Rodriguez

This paper assesses the impact of a cluster development policy in Latin America. A Local Productive Arrangement (APL) is a cluster of firms within the same territory, operating around the same activity and maintaining ties of cooperation and learning among themselves and with other stakeholders. Using firm-level data comprising information on SMEs from Brazil for the years 2002 to 2009 we apply fixed effects, matching and reweighting methods to estimate both the direct and the indirect – i.e. spillovers – causal effect of participating in APLs on a series of SMEs’ performance indicators, including level of employment, value of exports and ...


Hysteresis In Unemployment: Evidence From Latin America, Matias Mednik, Cesar Rodriguez, Inder J. Ruprah 2017 Columbia University

Hysteresis In Unemployment: Evidence From Latin America, Matias Mednik, Cesar Rodriguez, Inder J. Ruprah

Cesar Rodriguez

This paper tests the hysteresis hypothesis in unemployment for 13 Latin American countries covering the period 1980-2005. The tests exploit the time series and the cross sectional variation of the series, and allows for cross section dependence and a different number of endogenously determined structural breakpoints. The findings give support to the hysteric dynamic hypothesis for the majority of the countries analyzed. The implications of the results have ramifications regarding macro-stabilization, structural reform, and the design of social safety protection.


Clamoring For Greenbacks: Explaining The Resurgence Of The U.S. Dollar In International Debt, Hiro Ito, Cesar Rodriguez 2017 Portland State University

Clamoring For Greenbacks: Explaining The Resurgence Of The U.S. Dollar In International Debt, Hiro Ito, Cesar Rodriguez

Cesar Rodriguez

This paper investigates the determinants of currency denomination in international debt. Using data on currency shares for international debt securities for 82 countries from 1995 through 2013, we find that while the extent of foreign currency issuance has not changed much since the 1990s, especially for developing countries, the currency composition has shifted, especially between the U.S. dollar and the euro. Before the Global Financial Crisis (GFC) of 2008, the share of the U.S. dollar has been on a downward trend while that of the euro had been on a steady rising trend, but since the crisis, the ...


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 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 ...


The Commonalities And Differences Between Chinese And Us Agriculture, Wendong Zhang 2017 Iowa State University

The Commonalities And Differences Between Chinese And Us Agriculture, Wendong Zhang

Wendong Zhang

With one in four rows of soybeans planted in Iowa exported to China, it is almost impossible to overstate the importance of the Chinese economy and its consumers have for US agricultural producers and the farm sector in general. However, there is a lack of understanding of China’s agricultural industry and, in particular, the life and work of a typical Chinese agricultural producer. Having been born and raised in a rural Chinese county, I want to share some of my observations regarding the commonalities and differences between Chinese and US agriculture.


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.


The Impact Of Mnc Involvement On The Lives Of Workers In Developing Economies Of Latin America, Gabriel Moss 2017 Western Washington University

The Impact Of Mnc Involvement On The Lives Of Workers In Developing Economies Of Latin America, Gabriel Moss

WWU Honors Program Senior Projects

It is clear that multinational corporations (MNCs) have significant impact in the growth trajectory of developing countries. The nature of this relationship, however, is heavily debated. What is the downstream impact from MNCs on the lives of workers in developing countries? Are countries perversely incentivized to repress and exploit their unskilled labor forces to attract investment? Do multinationals promote better working conditions and raise standards of living for workers? In this essay, I argue that multinationals have the potential to bring massive benefits to the working class in developing countries. If the government of the host country develops strong linkage ...


Economic Evaluation Of Coastal Land Loss In Louisiana, Stephen R. Barnes, Craig Bond, Nicholas Burger, Kate Anania, Aaron Strong, Sarah Weilant, Stephanie Virgets 2017 Louisiana State University

Economic Evaluation Of Coastal Land Loss In Louisiana, Stephen R. Barnes, Craig Bond, Nicholas Burger, Kate Anania, Aaron Strong, Sarah Weilant, Stephanie Virgets

Journal of Ocean and Coastal Economics

Louisiana has lost approximately 1,880 square miles of land over the past eighty years. Projections suggest that in a future without action, the next fifty years could result in the loss of 1,750 additional square miles of land area. As land loss continues, a large portion of the natural and man-made capital stocks of coastal Louisiana will be at greater risk of damage, either from land loss or from the associated increase in storm damage. We estimate the replacement cost of capital stock directly at risk from land loss ranges from approximately $2.1 billion to $3.5 ...


Equilibrium Selection In Global Games With Strategic Complementarities, David M. Frankel, Stephen Morris, Ady Pauzner 2017 Iowa State University

Equilibrium Selection In Global Games With Strategic Complementarities, David M. Frankel, Stephen Morris, Ady Pauzner

David Frankel

We study games with strategic complementarities, arbitrary numbers of players and actions, and slightly noisy payoff signals. We prove limit uniqueness: as the signal noise vanishes, the game has a unique strategy profile that survives iterative dominance. This generalizes a result of Carlsson and van Damme (Econometrica 61 (1993) 989–1018) for two-player, two-action games. The surviving profile, however, may depend on fine details of the structure of the noise. We provide sufficient conditions on payoffs for there to be noise-independent selection.


A Good Kiwi Isn't Acidic: How Ocean Acidification Is Affecting The New Zealand Economy, Lily G. Hurley 2017 Fordham University

A Good Kiwi Isn't Acidic: How Ocean Acidification Is Affecting The New Zealand Economy, Lily G. Hurley

Student Theses 2015-Present

In a country that houses a mere 4 million people, it is no wonder that agriculture has become the main facet of New Zealand’s economy. However, while the sheep and produce have flourished from land protection laws, marine life has struggled in recent years due to an increase in oceanic carbon levels. In an area of the Pacific that is so rich in coral reefs, Great White breeding areas, and a plethora of fish species, any upset of the natural preexisting chemical balance has a tangible impact. New Zealand is dealing with a crisis with huge economic and ecological ...


Pride And Prejudice In U.S. Trade, Lan Cao 2017 Chapman University School of Law

Pride And Prejudice In U.S. Trade, Lan Cao

Notre Dame Journal of International & Comparative Law

The purpose of this Article is to provide a micro evaluation of trade in two particularly thorny areas: (1) job loss; and (2) import vs. export and the trade deficit in a trading system of globally fragmented production. This Article also provides a broad, macro view of trade and its relationship with other parts of the international order—security and finance. This is because trade is a vital component of an integrated international system. Looking at trade in isolation will result in even more incoherence and disequilibrium, perhaps creating unintended consequences in ways that impact negatively on U.S. security ...


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