Money And Monetary Policy In The Eurozone: An Empirical Analysis During Crises, 2016 Bank of Israel
Money And Monetary Policy In The Eurozone: An Empirical Analysis During Crises, Jonathan Benchimol, André Fourçans
Malthusian Stagnation Is Efficient, 2016 Iowa State University
Malthusian Stagnation Is Efficient, Juan C. Cordoba, Xiying Liu
Economics Working Papers
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.
1 Highly Probable Paradox.Pdf, 2016 University of Chicago
1 Highly Probable Paradox.Pdf, Lester G. Telser
Lester G Telser
Rural Population Growth, 1950–1990: The Roles Of Human Capital, Industry Structure, And Government Policy, 2016 Chung Yuan Christian University
Rural Population Growth, 1950–1990: The Roles Of Human Capital, Industry Structure, And Government Policy, Tzu-Ling Huang, Peter F. Orazem, Darin Wohlgemuth
Human capital raises rural incomes, but this effect is swamped by higher returns to human capital in urban markets. This leads to “brain drain” from rural areas. Populations grow more rapidly in rural counties that have a diversified employment base. Farm population grows faster (or declines more slowly) in counties with relatively high farm income, and nonfarm populations grow faster in counties with relatively high nonfarm income. However, higher farm incomes lead to slower nonfarm population growth and vice versa. Rural county government services financed by local taxes or debt have neutral or negative effects on population growth.
The Impact Of Culture, Institutions, And The Euro On Trade Flows In Europe, 2016 University of California, Berkeley
The Impact Of Culture, Institutions, And The Euro On Trade Flows In Europe, James Aylward
Undergraduate Economic Review
This paper sets out to study the role of cultural and institutional differences across European countries in explaining patterns of bilateral trade within Europe by using a gravity model approach on panel data for 24 European countries, covering the years 2002 through 2006. It may be expected that cultural and institutional “distance” between Eurozone countries would have a comparatively smaller impact on bilateral trade flows by virtue of the countries’ shared currency relative to the impact of such determinants on bilateral trade flows between two countries that do not share a currency. Alternatively, such determinants could have a significant impact ...
Why Ireland: How Bank Failure Was Their Key To Success, 2016 Scripps College
Why Ireland: How Bank Failure Was Their Key To Success, Nia R. Gillenwater
Claremont-UC Undergraduate Research Conference on the European Union
Despite Ireland’s status as the first EU country to receive a bailout, Ireland appears to be bouncing back extremely well from the ongoing financial crisis in Europe and the EU. Looking at recent Irish economic statistics it begs the question whether the government’s complete guarantee of all Irish debts was the best response. Ireland’s financial crisis seemed quite similar to America’s: for both the root causes are freely lending for real estate and property. The responses however, were very different. While America let Lehman Brothers fail and only provided a partial guarantee to its banks, Ireland ...
Industrial Ecology Analysis Of The Potential For An Eastern Nebraska Industrial Symbiosis Network (Enisn): A Comparative Study, 2016 University of Nebraska-Lincoln
Industrial Ecology Analysis Of The Potential For An Eastern Nebraska Industrial Symbiosis Network (Enisn): A Comparative Study, Bradley A. Behne
Dissertations & Theses in Natural Resources
The area of Eastern Nebraska north of Omaha, including the municipality of Blair is host to a collection of unique companies and industries. These industries, driven by the agricultural and urban economy of the area, as well as the geographic proximity to each other, make it an advantageous area to study the potential for a network where individual entities utilize the concept of industrial symbiosis. This potential network is referred to as the Eastern Nebraska Industrial Symbiosis Network (ENISN). Industrial symbiosis, a sub-set of industrial ecology, engages separate industries in a collaborative and collective approach, concerning itself with the flow ...
Essays On Environmental Policy Instruments, Emissions Leakage And Public Policy, 2016 University of Tennessee, Knoxville
Essays On Environmental Policy Instruments, Emissions Leakage And Public Policy, Shreekar Pradhan
This dissertation consists of three essays related to my research on environmental policy, emissions leakage, and public policy. In the first essay, I address how open economies respond to environmental policy instruments under uncertainty. I develop a dynamic stochastic general equilibrium model for a small open economy (SOE) and evaluate the macroeconomic fluctuations in response to cap-and-trade, pollution tax, and emissions intensity standard under two shocks: productivity and terms of trade. My findings suggest that cap-and-trade policies are most effective in dampening the macroeconomic volatility from productivity shock. However, under the terms-of-trade shock, pollution tax, and intensity target policies are ...
Natural Disasters In Latin America: The Role Of Disaster Type And Productive Sector On The Urban-Rural Income Gap And Rural To Urban Migration, 2016 University of Southern Mississippi
Natural Disasters In Latin America: The Role Of Disaster Type And Productive Sector On The Urban-Rural Income Gap And Rural To Urban Migration, Madeline Alice Messick
This research provides insight into the impact of natural disasters as drivers of rural to urban migration in Latin America and the Caribbean (LAC). Disasters of varying types are predicted to have differing impacts on the productive sectors of agriculture, industry, and services; which due to the concentration of the various productive sectors in either urban or rural areas, subsequently changes the urban-rural wage differential. Changes to the wage differential (as measured by the urban-rural income gap) are predicted to lead to movement between urban and rural areas until a new equilibrium wage is reached.
This dissertation first identifies a ...
A Macroeconomic Approach To Optimal Unemployment Insurance: Theory, 2016 London School of Economics and Political Science
A Macroeconomic Approach To Optimal Unemployment Insurance: Theory, Camille Landais, Pascal Michaillat, Emmanuel Saez
Can Capital-Energy Substitution Foster Economic Growth?, 2016 University of Wisconsin - Milwaukee
Can Capital-Energy Substitution Foster Economic Growth?, Itziar Lazkano, Linh Pham
Multiple Openings And Competitiveness Of Forward Markets: Experimental Evidence, 2016 Universidad Carlos III de Madrid
Multiple Openings And Competitiveness Of Forward Markets: Experimental Evidence, José Luis Ferreira, Praveen Kujal, Stephen Rassenti
Economics Faculty Articles and Research
We test the competition enhancing effect of selling forward in experimental Cournot duopoly and quadropoly with multiple forward markets. We find that two forward periods yields competitive outcomes and that the results are very close to the predicted theoretical results for quantity setting duopolies and quadropolies. Our experiments lend strong support to the hypothesis that forward markets are competition enhancing. We then test a new market that allows for endogenously determined indefinitely many forward periods that only close when sellers coordinate on selling a zero amount in a forward market. We find that the outcomes under an endogenous close rule ...
International Trade Effects Of Regional Economic Integration In Africa: The Case Of The Southern African Development Community (Sadc), 2016 Addis Ababa Science and Technology University
International Trade Effects Of Regional Economic Integration In Africa: The Case Of The Southern African Development Community (Sadc), Mengesha Yayo, Sisay Asefa
International Journal of African Development
Empirical studies on regional economic integration process in Africa exhibit sluggish progress, and there by limited level of intra-trade. The existing literature in Africa, particularly in the Southern African regional integration bloc, has neglected the effects of regional economic integration dealing with disaggregated data. This study analyzes trade creation and diversion effects of the Southern African Development Community (SADC) using disaggregated data. The investigation estimates an augmented gravity model using panel data and random effect estimator methods applying instrumental variables where needed.
The results show that intra-SADC trade is growing in the fuel and minerals and the heavy manufacturing sectors ...
Development Of Utility Theory And Utility Paradoxes, 2016 Lawrence University
Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom
Lawrence University Honors Projects
Since the pioneering work of von Neumann and Morgenstern in 1944 there have been many developments in Expected Utility theory. In order to explain decision making behavior economists have created increasingly broad and complex models of utility theory. This paper seeks to describe various utility models, how they model choices among ambiguous and lottery type situations, and how they respond to the Ellsberg and Allais paradoxes. This paper also attempts to communicate the historical development of utility models and provide a fresh perspective on the development of utility models.
The Investment Casualties Of War: Global Impacts Of Armed Conflict On Foreign Direct Investment Inflows, 2016 University of San Francisco
The Investment Casualties Of War: Global Impacts Of Armed Conflict On Foreign Direct Investment Inflows, Reinhard J. Cate Mr.
Abstract: Involvement in the outbreak of an armed conflict can present a variety of potential risks to an involved nation’s economy. In this paper I examine if one one of those risks, specifically that a new war could scare away foreign investment actually occurs and whether the intensity of the conflict increases or lessens the potential impact. Using ordinary least squares on panel data from 1966 to 2015, I examine the short and long term impacts of armed conflict on global foreign direct investment (FDI) inflows using two measures of conflict intensity: Large conflicts or ‘wars’, with 1000 or ...
Financial Openness And Trade Volatility In Argentina, 2016 University of San Francisco
Financial Openness And Trade Volatility In Argentina, Joseph H. Asciuto
This paper will identify the relationship between financial openness and trade volatility in Argentina. Data spanning 1970-2011 provided by the IMF, WTO, and INDEC will be used to construct a panel dataset for both a global analysis and a sectoral analysis for the Argentine economy. The application of established and accepted techniques to the constructed dataset will show a negative correlation between trade volatility and financial openness; thus, financial openness acts as a stabilizing mechanism for trade. Additional analysis will be performed on the of role regional trade agreements as stabilization mechanisms for trade. A significant implication of this study ...
Geospatial Modeling Of Vietnamese Fdi, 2016 CUNY Hunter College
Geospatial Modeling Of Vietnamese Fdi, Cuong Nguyen Tien
School of Arts & Sciences Theses
This thesis sets a goal to analyze and project geographically disaggregated measures of FDI using aggregate data. We regress the country level FDI with aggregate, fine geospatial data on GDP, urban extent, and risk. By disaggregating the model, we will predict the FDI flow in every 1000 square kilometer area.
Partial Disability And Labor Market Adjustment: The Case Of Spain, 2016 Universitat Pompeu Fabra
Partial Disability And Labor Market Adjustment: The Case Of Spain, José Ignacio Silva, Judit Vall
José Ignacio Silva
From The Classical School To Today: The Evolution Of Stagnation Theories, 2016 State University of New York College at Buffalo - Buffalo State College
From The Classical School To Today: The Evolution Of Stagnation Theories, Francis J. Lukacovic Ii
Applied Economics Theses
The purpose of this thesis is to study the theory of secular stagnation, which was made famous by the American Keynesian economist Alvin Hansen in his book Full Recovery or Stagnation. The theory of secular stagnation has reappeared in economic circles today due to recent economic conditions since the financial crisis of 2007-2008. The thesis will analyze the history of the stagnation theory dating back to Classical economists in the 19th century. The concept of a stagnating economy has been talked about for centuries with many economists adding important thoughts. Furthermore, the thesis will address the current questions and ...
The Urban Density Premium Across Establishments, 2016 Federal Reserve Bank of Chicago