Strategic Significance: A Model Of G-20 Membership, 2011 Claremont McKenna College
Strategic Significance: A Model Of G-20 Membership, Patrick Eagan-Van Meter
CMC Senior Theses
The membership of the Group of 20 was selected without any official criteria. This paper investigates whether group membership can be explained through the consideration of several different factors that coincide with the mission of the organization. I found strong evidence that membership in the Group of 20 was based on some combination of land mass and economic output. The results demonstrate that these factors are highly predictive of group membership.
The Gift That Keeps Giving: Fdi Inflows In China, 2011 Claremont McKenna College
The Gift That Keeps Giving: Fdi Inflows In China, Joseph Chang
CMC Senior Theses
This paper investigates the primacy of foreign direct investment inflows in liberalizing China’s economy and whether the long-term gains from economic openness will justify its inefficient energy uses and growing regional income disparities. By examining the history of FDI inflows in China, it becomes evident that FDI inflows were an instrumental part in institutional and technological development in China. I extend the argument to take into account how these developed infrastructures react to China’s growing energy demand in light of a shrinking world supply. Lastly, I perform a meta-analysis on the Environmental Kuznets Curve theory and the Pollution Haven Hypothesis, …
The Economic Impact Of Oil Price Shocks On Emerging Markets, 2011 Claremont McKenna College
The Economic Impact Of Oil Price Shocks On Emerging Markets, Aanchal Kapoor
CMC Senior Theses
Recent spikes in oil prices have thrown light on how economic activity in emerging markets may be impacted by oil price shocks. This paper conducts an empirical analysis of the effect of oil price shocks on emerging markets. It tests for the existence of an asymmetrical relationship between oil prices and economic activity using a model developed by James Hamilton. It also assesses the impact of structural shocks to the real price of oil on output as proposed by Lutz Kilian. While our models find no consistent pattern within emerging markets, they do suggest that oil price shocks have a …
Has The Franco-German Power Balance In The European Union Tipped In Favor Of Germany?, 2011 Claremont McKenna College
Has The Franco-German Power Balance In The European Union Tipped In Favor Of Germany?, Stephanie C. Haffner
CMC Senior Theses
The power balance between France and Germany in the European Union has been one of great discussion and debate. Countless journalists and scholars have argued that Germany’s power has risen gradually against the seemingly perpetually stronger France over the past sixty years, and is now finally set to surpass France; but how true are these claims? How can power within the EU truly be measured? Through an analysis of Franco-German collaboration through unionization, a critique of the contemporary discourse on the relationship, and an examination of changing contributions to the EU budget, my paper argues that the Franco-German power balance …
The Impact Of A Conditional Cash Transfer Program On Credit Behavior In Colombia, 2011 Claremont McKenna College
The Impact Of A Conditional Cash Transfer Program On Credit Behavior In Colombia, Brittany Pineros
CMC Senior Theses
This paper investigates the impact of Familias en Acción, a conditional cash transfer program in Colombia, on participant credit behavior. The motivation of the research is derived from previous studies which indicate that conditional cash transfer programs have effects on households aside from those directly intentioned by the programs. While the direct impacts of Familias en Acción have been measured by the research team responsible for evaluating the program, potential indirect effects remain uninvestigated. My research specifically focuses on the impacts of the program on credit behavior. I compute estimates on the percent change in loan balance outstanding and …
Trade And Investment In The Philippines, 2011 Bangko Sentral ng Pilipinas
Trade And Investment In The Philippines, Hazel C. Parcon-Santos
Angelo King Institute for Economic and Business Studies (AKI)
Developing countries such as the Philippines relies heavily on trade and foreign direct investment (FDI), consequently leading to economic integration, which in its entireity, determines the country’s economic condition. As such, we believe that there is a need to further study the impact of these external variables on the competitiveness and efficiency of the Philippine economy.
Issues On International Trade And Investment And Its Implications For Further Research, 2011 De La Salle University, Manila
Issues On International Trade And Investment And Its Implications For Further Research, Angelo B. Taningco
Angelo King Institute for Economic and Business Studies (AKI)
Recent developments in the field of international trade and investments worldwide have led to contemporary literature that encompass international trade in goods and services, trade policies, bilateral and regional free trade agreements (FTAs) as well as multilateral trading arrangements, trade facilitation measures, and foreign direct investment (FDI) policies. Given the increasing significance of multilateral trade and FDI flows between regions in recent years, there is a need of further research especially for developing countries like the Philippines. As such, it will be possible to develop efficient trade and investment policies, which relate to inclusive growth and development. Results suggest that …
How Predictable Is The Chinese Stock Market?, 2011 Singapore Management University
How Predictable Is The Chinese Stock Market?, Fuwei Jiang, Jun Tu, David Rapach, Jack K. Strauss, Guofu Zhou
Research Collection Lee Kong Chian School Of Business
We analyze return predictability for the Chinese stock market index and its components sorted on industry, size, book-to-market and ownership concentration, with both in-sample and out-of-sample tests. We find significant predictability. Among industry portfolios, Finance and insurance, Real estate, and Manufacturing exhibit the most predictability, while small-cap, low book-to-market ratio and low ownership concentration firms also display considerable predictability. The conditional CAPM model largely accounts for component predictability, and industry concentration significantly explain differences in return predictability across industries, consistent with the information-flow frictions emphasized by Hong, Torous, and Valkanov (2007).
An Investigation Into How Greater Financial Stability Can Be Achieved For Portugal’S National Museums Under Management Of The Portuguese Institute Of Museums And Conservation (Imc), 2011 Sotheby's Institute of Art
An Investigation Into How Greater Financial Stability Can Be Achieved For Portugal’S National Museums Under Management Of The Portuguese Institute Of Museums And Conservation (Imc), Luis Ramos Pinto
MA Theses
The European sovereign debt crisis has led to considerable cuts in public funding for the arts. Portugal, one of the countries most affected by the crisis has recently seen consistent public cuts for its cultural organizations. With the prospect of continued budget cuts, this paper seeks to examine how Portugal's largest public institute for the management of museums and built heritage the IMC (Instituto de Museus e Conservação) can seek to generate more private revenue and lower its costs in order to garner greater financial stability for itself. The research, based primarily on financial information dating up to 2010 looks …
How Short And Long Term Interdependencies Have Changed Due To The Global Financial Crisis, 2011 Edith Cowan University
How Short And Long Term Interdependencies Have Changed Due To The Global Financial Crisis, Lungowe Andala
Theses : Honours
This study investigates how short and long term interdependencies have changed among ten countries grouped into countries from the same region (close geographical proximity) as a result of the recent Global Financial Crisis. A number of econometrics methodologies are employed in doing the analysis. Johansen's cointegration methodology is carried out to assess whether the stock markets have long run interdependencies and whether these interdependencies have changed as a result of the Global Financial Crisis. For the stock markets not cointegrated Granger Causality is carried out to analyze short run interdependencies between pairs of stock markets. Furthermore, generalized Impulse Response Function …
Geopolitics, Oil Law Reform, And Commodity Market Expectations, 2011 University of Oklahoma College of Law
Geopolitics, Oil Law Reform, And Commodity Market Expectations, Robert Bejesky
Oklahoma Law Review
No abstract provided.
At The Conjunction Of Love And Money: Comment On Julie A. Nelson, Does Profit-Seeking Rule Out Love? Evidence (Or Not) From Economics And Law, 2011 University of Pennsylvania Carey Law School
At The Conjunction Of Love And Money: Comment On Julie A. Nelson, Does Profit-Seeking Rule Out Love? Evidence (Or Not) From Economics And Law, William W. Bratton
All Faculty Scholarship
No abstract provided.
Reconsidering International Tax Neutrality, 2011 University of Pennsylvania Carey Law School
Reconsidering International Tax Neutrality, Michael S. Knoll
All Faculty Scholarship
For decades, U.S. international tax policy has shifted back and forth between territorial-source-exemption taxation and worldwide-residence-credit taxation. The former is generally associated with capital import neutrality (CIN) and the latter with capital export neutrality (CEN). One reason why national tax policy has shifted back and forth between those benchmarks is because it is widely accepted that a tax system cannot simultaneously satisfy both CEN and CIN unless tax rates on capital are harmonized across jurisdictions. In this essay, I argue that the international tax literature contains two different and conflicting definitions for CIN. Under one definition, which goes back at …
The Welfare Cost Of Inflation In Oecd Countries, 2011 Purdue University
The Welfare Cost Of Inflation In Oecd Countries, P. Boel, Gabriele Camera
Economics Faculty Articles and Research
The welfare cost of anticipated inflation is quantified in a matching model of money calibrated to twenty-three different OECD countries for several sample periods. In most economies, given the common period 1978-1998, a representative agent would give up only a fraction of 1% of consumption to avoid 10% inflation. The welfare cost of inflation varies across countries, from a fraction of 0.1% in Japan, to more than 2% in Australia, reaching 6% with bargaining. The model fits poorly money demand data of several countries, however. The fit generally improves with longer sample periods. The results are fairly robust to variations …
Sheep And Their Herders: Testing The Myth Of Rational Voters – A Latvian Case Study, 2010 The University of Western Ontario
Sheep And Their Herders: Testing The Myth Of Rational Voters – A Latvian Case Study, Daniel Brou, Kirk Collins, Brent Mckenzie
Daniel Brou
Through the use of a simple behavioural political economy model, we cast doubt on the assumption that voters behave in predictable ways dependent on their expected support for government policies. We show that under certain conditions an unfavourable (i.e. welfare reducing) policy may result, even with well-informed, welfare maximising voters. While true that voter behaviour may align with government policies, this alignment has more to do with a perceived lack of influence, rather than policy support. The case of Latvia's accession to the European Union is used as a case study to evaluate the government's policy in terms of voting …
Outsourcing, Delocalization And Firm Organization, 2010 University of Ferrara
Outsourcing, Delocalization And Firm Organization, Massimiliano Mazzanti
Massimiliano Mazzanti
No abstract provided.
Humanitarian Aid, Internal Displacement And Social Impacts In Sudan, 2010 Department of Economics. Al Neelain University, Khartoum, Sudan
Humanitarian Aid, Internal Displacement And Social Impacts In Sudan, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
The study presented here reviews activities of NGOs in Sudan by surveying and studying the activities of Save the Children of United Kingdom. Activities of NGOs in Sudan were always a controversial issue that resulted in the expulsion of many in 2009. There were also precedents of such expulsions in previous and following years. The paper discusses humanitarian work in Sudan, positive and negative sides. The case study's activities of the Save the Children efforts in Jebel Aulia Internally Displaced People, specially their efforts in education were investigated. It is concluded that introduce invaluable help in educational field, building classes …
Exploring Sectoral Contributions To Growth In Fiji: A Focus On Agriculture Development, 2010 Queensland University of Technology
Exploring Sectoral Contributions To Growth In Fiji: A Focus On Agriculture Development, Ronald R. Kumar
Dr Ronald R Kumar
Do Remittances, Exports And Financial Development Matter For Economic Growth? A Case Study Of Pakistan Using Bounds Approach, 2010 Queensland University of Technology
Do Remittances, Exports And Financial Development Matter For Economic Growth? A Case Study Of Pakistan Using Bounds Approach, Ronald R. Kumar
Dr Ronald R Kumar
Research Praxis From Design To Completion: A Review Of Designing And Managing Your Research Project – Core Knowledge For Social And Health Researchers, 2010 Queensland University of Technology
Research Praxis From Design To Completion: A Review Of Designing And Managing Your Research Project – Core Knowledge For Social And Health Researchers, Ronald R. Kumar
Dr Ronald R Kumar
Thomas and Hodges (2010) have written a very practical and indeed a valuable book on how to do research project design and management applicable to a wide readership. The book will be of particular importance to young researchers who are aspiring to hone the art of research and project management from design to completion. For the experienced, it’s a book to read and reflect on. Discussing the critical elements involved in research, Thomas and Hodges use consultative-advising-coaching, empathy-towards-researchers and experienced-based approaches to reveal important core knowledge in research as a career whilst laying out the ground rules for effective research …