Investing In The Presence Of Massive Flows,
2017
Chapman University
Investing In The Presence Of Massive Flows, Terence C. Burnham, Harry Gakidis, Jeffrey Wurgler
ESI Working Papers
Approximately $10 trillion is benchmarked to Morgan Stanley Capital International’s Developed, Emerging, Frontier, and standalone market indexes. Reclassifications from one index to another require thousands of investors to decide how to react. We study a comprehensive sample of past reclassifications to guide this decision. Reclassified markets’ prices substantially overshoot between the announcement and effective dates—prices fall when a market moves from an index with more benchmarked ownership to one with less, such from Emerging to Frontier, and vice-versa—but revert within a year. We identify alpha-maximizing responses to reclassifications for both tightly benchmarked and more flexible investors.
A Game-Level Analysis: How Does Trade Affect Team Performance In Nba?,
2017
Skidmore College
A Game-Level Analysis: How Does Trade Affect Team Performance In Nba?, Tianqi Li
Economics Student Theses and Capstone Projects
Using game-level panel data on the National Basketball Association for 2015-2016 season, I examine the relationship between trade and team performance. In my study, trade is measured by a game-minute-adjusted salary dispersion. I construct a fixed effect model to analyze the effect of salary dispersion on team performance. The results show that salary dispersion is negatively related to team performance. To verify whether different team characteristics will affect this relationship, I categorize the teams into two groups twice based on their playoff likelihood and number of trades made. The results provide additional evidence that salary dispersion influence team performance negatively. …
The Overlooked Element: An Empirical Analysis Of Team Chemistry And Winning Percentage In Major League Baseball,
2017
Skidmore College
The Overlooked Element: An Empirical Analysis Of Team Chemistry And Winning Percentage In Major League Baseball, Daniel Dasgupta
Economics Student Theses and Capstone Projects
This paper explores the relationship between team chemistry and winning percentage in Major League Baseball. Team chemistry or cohesion, is an unobservable property that is applied to multiple group settings that can have a positive or negative effect on productivity. I have identified several group faultlines that have deterred team chemistry, specifically the formation of subgroups based on birth location, salary and years of experience. In addition, I analyze team salary disparity as another measure of team chemistry based on the team cohesion hypothesis. (Levine 1991) For the empirical analysis, I analyzed all 30 MLB teams during the 2010-2015 seasons …
Salary Dispersion And Team Performance In The National Basketball Association,
2017
Skidmore College
Salary Dispersion And Team Performance In The National Basketball Association, Robert Pierce
Economics Student Theses and Capstone Projects
This paper explores the relationship between salary dispersion in the National Basketball Association (NBA) and team performance. Team performance will be measured by regular season win totals as well as playoff performance. I hypothesize that teams with higher salary dispersion typically perform better because of superstars in the NBA. Superstars are more effective in basketball than in any other sport because of rules inherent to the game. They also create high salary dispersions on their respective teams, and being superstars, they contribute largely to team success. This study will encompass all 30 NBA teams over the past 20 NBA seasons, …
Fdi And Income Inequality In Latin America,
2017
Bryant University
Fdi And Income Inequality In Latin America, Terese Coulon
Empirical Economic Bulletin, An Undergraduate Journal
The main purpose of this paper is to determine the relationship between FDI and income inequality in Latin America after Operation Condor. This study uses economic panel data from seven different Latin American countries over a sixteen year time period. This study takes place from 1982 to 1997. Other variables have been included in this study to achieve the most accurate results possible. The results from this study show that FDI is significant to income inequality at the 5% significance level in Latin America during this time period. Also, the results indicate that FDI has a positive effect on income …
An Empirical Analysis On The Effects Of Fbs College Football Success On Undergraduate Enrollment From 2000 To 2014,
2017
Bryant University
An Empirical Analysis On The Effects Of Fbs College Football Success On Undergraduate Enrollment From 2000 To 2014, Liam Rice
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the theoretical connection between FBS College Football success and the undergraduate enrollment of schools in the Northeastern United States. With multiple texts qualitatively discussing the positive effects a winning football culture has on the amount of applicants an institution receives, this study attempts, using panel data, to discover quantitative connections in this field. Utilizing data from over 19 FBS colleges and universities from 2000 to 2014, this study finds that there is a significant, positive connection between undergraduate application rates and football wins, as well as championships. This study lays the foundation for future studies into the …
Factors That Influence Economic Growth In Brics Member Countries And Oecd Developed Countries: A Panel Data Analysis,
2017
Bryant University
Factors That Influence Economic Growth In Brics Member Countries And Oecd Developed Countries: A Panel Data Analysis, Xuran Zhang
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the factors that affect economic growth in developed nations, such as the U.S., the United Kingdom, France, Germany, Australia and others. It also includes developing countries such as Brazil, Russia, India, China and South Africa (BRICS). This study incorporates several independent variables to examine their influence on economic growth in these two groups of nations. The study looks at contributing factors for economic growth, such as life expectancy, primary education, secondary education, expected import, expected export, population growth rate, FDI level, and public expenditure, using macro-level data from two sources: the World Bank and the Organization of …
The Effects Of Tax Rates, Technology, And Quality Of Life On Standard Of Living In Developed Countries,
2017
Bryant University
The Effects Of Tax Rates, Technology, And Quality Of Life On Standard Of Living In Developed Countries, Benjamin Jackson
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the relationship between tax rates, technology, and the quality of life on the standard of living in developed countries over time. The study uses an econometric model to understand and quantify these relationships. Standard of living will be measured by PPP GDP in this study. The results show the most significant variables that impact the standard of living are life expectancy at birth, openness to trade, the domestic savings rate, and corruption.
The Effects Of The Affordable Care Act’S Individual Mandate On Ethnic And Racial Minorities,
2017
Bryant University
The Effects Of The Affordable Care Act’S Individual Mandate On Ethnic And Racial Minorities, Zack Cyr
Empirical Economic Bulletin, An Undergraduate Journal
This paper examines the quantitative impact of the Affordable Care Act’s (ACA) individual mandate on health insurance coverage rates. This study will include race, ethnicity, and immigration status into a conventional model for predicting insurance coverage rates. This will illustrate the groups in the US population that may have been most influenced by the individual mandate, and potentially experienced the largest changes in coverage rates under the ACA. The data utilized in this research is in two pools, 2010-2011 and 2013-2014, as these are the years preceding the ACA’s implementation and directly after. The results reveal that while there was …
Income Inequality In Latin America And The Caribbean: Inefficient Labor Markets And Remnants Of Racism,
2017
Bryant University
Income Inequality In Latin America And The Caribbean: Inefficient Labor Markets And Remnants Of Racism, Vivian Tejada
Empirical Economic Bulletin, An Undergraduate Journal
This paper aims to explore the key reasons as to why income inequality in Latin America is so vast. The study will investigate the various manners in which labor markets operate throughout Latin America and attempt to draw a connection between labor market inefficiency and income inequality keeping in mind the regions tumulus history with racism. Factors considered in this assessment are rate of income levels, unemployment, GDP p/capita, educational attainment, and age of labor force. The factors are accounted for in a regression model to examine the level of influence labor markets and race have on income inequality.
Corruption’S Impact On Government Health And Education Expenditures,
2017
Bryant University
Corruption’S Impact On Government Health And Education Expenditures, Shaun Rolph
Empirical Economic Bulletin, An Undergraduate Journal
The purpose of this paper it to identify how corruption can impact government expenditures, specifically education as a percentage of GDP, educational as a percentage of total government expenditures, health as a percentage of GDP, and health as a percentage of total government expenditures. The independent variables in which will be used for this model are: Corruption Perception Index, Worldwide Governance Indicators, and Polity IV. Through the time period of 2005 to 2014, this research is a global panel study that looks at income group and regional analysis. Comparisons will be made from the correlation of the variables between country …
Banking Subsector Output And Real Gdp Growth In The United States: A Time Series Analysis,
2017
Bryant University
Banking Subsector Output And Real Gdp Growth In The United States: A Time Series Analysis, Alexander Ellwanger
Empirical Economic Bulletin, An Undergraduate Journal
This study investigates which variables in the banking subsector in the United States may have a statistically significant relationship with Real GDP. Taking into consideration the Bureau of Economic Analysis method of calculating banking output from 2004, this study carefully evaluates key variables that contribute to the banking sector and whether these key variables are statistically significant in any way that can help guide investors, policymakers, and the government in the growing challenge to maintain economic stability in the United States. This study found that there was a statistically significant relationship between Tier 1 Risk Based Capital and Real GDP …
Effects Of Drought Conditions On Agricultural Productivity In Central And Western Tennessee,
2017
Bryant University
Effects Of Drought Conditions On Agricultural Productivity In Central And Western Tennessee, Sean Erwin
Empirical Economic Bulletin, An Undergraduate Journal
This paper analyzes the relationship between agricultural productivity of farms in drought conditions. The variables used in this research include fertilizer expense, precipitation totals, and average temperature. The model integrates all of the mentioned variables and finds the connection between the land value of farms and the variables. The outcomes show that both fertilizer expense and precipitation have negative relationships to land values for farms, while average temperature has a positive relationship.
Fiscal Policy And Its Effects On Economic Growth,
2017
Bryant University
Fiscal Policy And Its Effects On Economic Growth, Jordan J. Smith
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the impact of fiscal policy on economic growth during the time horizons of 1985, 1998, and 2014. Using cross country data from a minimum of 37 countries, it is found that international trade taxes share a partial correlation with economic growth. The magnitude of this relationship is found to be positive during all time horizons, and is diminishing over time. Estimates from 2014 suggest that a 10 percentage point increase in a country’s international trade tax will grant that country a .6% increase to their economic growth rate.
Does Economic Freedom Promote Standard Of Living Across Countries With Different Income Levels?,
2017
Bryant University
Does Economic Freedom Promote Standard Of Living Across Countries With Different Income Levels?, George Ossei
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the possibility of a relationship between economic freedom and standard of living across countries with different income classifications. The study incorporates population with access to improved water supply sources, sanitation facilities, electricity and the internet, as well as foreign aid into the Kosack model of aid effectiveness. This is done in order to examine their effects on HDI.
Education Spending And The Lottery In The Western United States: A Panel Data Analysis,
2017
Bryant University
Education Spending And The Lottery In The Western United States: A Panel Data Analysis, Erica Vendituoli
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the relationship between the existence of a state lottery and state education spending. When consumers participate in the lottery, it is often with the assumption that even if they lose, their money will be contributed to state funded programs like education. This study looks at ten states in the west that have a variety of lottery circumstances. Both education expenditure as a percent of total state expenditure and per pupil aid are used to measure education funding. This research also incorporates multiple independent variables to fully capture the determinants of education spending. The results of this study …
The Effects Of Foreign Aid On Income Inequality In Africa,
2017
Bryant University
The Effects Of Foreign Aid On Income Inequality In Africa, Sierra Moore
Empirical Economic Bulletin, An Undergraduate Journal
This paper examines the correlation between donations of foreign aid given to African countries and the income inequality, measured using the Gini coefficient, within those countries. A panel method is used in order to analyze trends in a number of countries over a period of time. The independent variables in this study are official developmental assistance, income group, inflation measured by CPI, polity, GDP per capita growth, and population growth. The results of this study show a negative relationship between foreign aid and income inequality, which is consistent with recent studies on the effectiveness of aid.
Effects Of Globalization On Inequality In Latin America,
2017
Bryant University
Effects Of Globalization On Inequality In Latin America, Andrew T. Kebalka
Empirical Economic Bulletin, An Undergraduate Journal
This paper explores the relationship between globalization and inequality in Latin American countries. The study uses a number of different globalization indicators in conjunction with the globalization index developed by Dreher (2006). The study works to identify whether globalization has effect income equality and whether specific components of globalization have a greater magnitude of impact on inequality over others within the region. The conclusion of the study is that GDP per capita, foreign direct investment, and trade intensity have the greatest effects on income inequality.
Are Fair Weather Fans Affected By Weather? Rainfall, Habit Formation And Live Game Attendance,
2017
Skidmore College
Are Fair Weather Fans Affected By Weather? Rainfall, Habit Formation And Live Game Attendance, Qi Ge, Brad Humphreys, Kun Zhou
Economics Faculty Working Papers Series
We analyze habit formation in sports attendance utilizing rainfall as an unexpected, transitory shock to attendance costs. Using attendance data from Major League Baseball (MLB) and NOAA weather data, we analyze the impact of variation in game day weather conditions on current and future MLB attendance. The empirical strategy permits identification of both the formation and persistence of habit from exogenous weather shocks. Past adverse weather shocks increase future attendance by about 200 fans per game. Our study contributes to the literature developing empirical evidence of habit formation in the field and provides policy implications for optimal ticket pricing strategies.
Bard College
The Impacts Of Pension Privatization In Latin American: A Cross-Country Comparison Of Pension Reforms And The Introduction Of Individual Accounts. An Analysis Modeled After The Six Guiding Core Principles Of Social Security, Victoria Le Fraga
Senior Projects Fall 2017
Latin America was the world’s pioneering nation in the privatization of pensions. In 1981, Chile’s pension system underwent a reform making it the first country to replace a public defined-benefit pay-as-you-go pension scheme with a fully funded defined-contribution pension scheme based on individual accounts. This project assesses the impacts and results of pension privatization in Chile, Mexico and Uruguay. As indicators of a prosperous system, my analyses are made using the six core guiding principles of Social Security: i) Coverage; ii) Equal Treatment and Social Solidarity; iii) Gender Equity; iv) Adequacy of Benefits; v) Administrative Costs; vi) and, Financial Sustainability …
