Metro Monitor 2020: Las Vegas & Reno,
2020
University of Nevada, Las Vegas
Metro Monitor 2020: Las Vegas & Reno, Elia Del Carmen Solano-Patricio, Caitlin J. Saladino, William E. Brown Jr.
Economic Development & Workforce
This Fact Sheet presents changes in indicators of economic health for the State of Nevada using data provided by the Brookings Institution’s Metro Monitor analysis. Looking beyond gross domestic product (GDP) and job growth, researchers at Brookings’ Metropolitan Policy Program measure various indicators of economic well-being across 192 metropolitan statistical areas (MSAs) for a 1-year period (from 2017-2018) and a 10-year period (from 2008-2018). Metro areas are classified by size: midsized metros (with populations between 250,000 and 500,000), large metros (with populations between 500,000 and 1 million), and very large metros (with populations over 1 million). For the purpose of …
Projects Of Economic And Social Development In The Global South: The 20th And 21st-Century Developmental Trends And Their Impacts,
2020
Eastern Washington University
Projects Of Economic And Social Development In The Global South: The 20th And 21st-Century Developmental Trends And Their Impacts, Malachi Okechi Chukwu
2020 Symposium Posters
In the 1950’s Western countries promised to promote economic development in the underdeveloped world. However, the Global South remains behind, trapped in abject poverty. Eurocentric literature produced by mainstream scholars of economic growth in the past seven decades has continually promoted Structural Adjustment Programs and Millennium Development Goals designed to improve the Global South. Tragically, each of the West’s prescribed economic models failed at the expense of people of the Global South. The failure of Western promised growth led to an opportunity for China to offer an alternative model. Additionally, the long-term effects of the prescribed models of development have …
The Impact Of The Covid-19 Crisis On Nebraska's Ethanol Industry,
2020
University of Nebraska-Lincoln
The Impact Of The Covid-19 Crisis On Nebraska's Ethanol Industry, John C. Beghin, Sushant Timalsina
Cornhusker Economics
This article looks at the impact of the pandemic crisis on Nebraska’s ethanol industry. We trace the changes in return margins since the last quarter of 2019 to early May of this year and show the deterioration of these margins and the resulting reduced returns, gross revenues and production reduction induced by the low returns.
Determinants Of County-Level Poverty Rates In 2017: An Upper-Midwest Comparison,
2020
College of Saint Benedict and Saint John's University
Determinants Of County-Level Poverty Rates In 2017: An Upper-Midwest Comparison, Trey V. Perez
Undergraduate Economic Review
The American upper-Midwest as a region throughout the 2010s has experienced lower-than-average poverty rates. This paper seeks to uncover the determinants that have the greatest impact on the county-level poverty rates for five states (Iowa, Minnesota, Wisconsin, and the Dakotas). Outcomes for this study came from an Ordinary Least Squares (OLS) regression to estimate the impact each independent variable had on the poverty rate. The empirical results showed the unemployment rate, the percentage of households headed solely by females, and percent of the population that was Native American in 2017 had a significant impact on a county’s poverty rate.
Immigrants And Their Voting Power In Nevada,
2020
University of Nevada, Las Vegas
Immigrants And Their Voting Power In Nevada, Elia Del Carmen Solano-Patricio, Caitlin J. Saladino, William E. Brown Jr.
Demography
This Fact Sheet presents the number of both documented and undocumented immigrants in Nevada, synthesizing data provided by New American Economy (NAE), a bipartisan research non-profit organization. To estimate the total number of immigrants in the U.S. and across each of the 50 states, researchers reviewed various data sources including the U.S. Census, the American Community Survey, the Center for Migration Studies, and the United States Citizenship and Immigration Services (USCIS).
Minimum Wages In China: Evolution, Legislation, And Effects,
2020
Zhejiang University
Minimum Wages In China: Evolution, Legislation, And Effects, Shi Li, Carl Lin
Faculty Books
This book considers the positive and negative impacts of the minimum wage policy in China. Since China enacted its first minimum wage law in 1994, the magnitude and frequency of changes in the minimum wage have been substantial, both over time and across jurisdictions. The results from China’s experience show that rapidly increasing minimum wages have helped increase average wages and reduce the gender wage gap, income inequality, and poverty. However, the fast-rising minimum wage has also resulted in the loss of employment for young adults, women, low-skilled workers, and migrant workers. Additionally, higher minimum wages have a negative impact …
Hyman Minsky: An Advocate Of Big Government,
2020
IE University
Hyman Minsky: An Advocate Of Big Government, Juan Ramon Rallo
Journal of New Finance
In The End of Laissez Faire (1926) and in The General Theory of Employment, Interest and Money (1936), Keynes advocated a new model of the State which put an end to the laissez faire and leave to the Government the task of reaching macroeconomic stability through monetary, fiscal and even demographic control of investment. One of the most original and modern thinkers within this Keynesian tradition in defense of “Big Government” was the post-keynesian economist Hyman Minsky. The Great Recession has revived and reinvigorated the minskyian positions up to the point of becoming a “required reading” especially for central bankers …
Buffett’S Derivatives: Disruptive Financing At Low Cost,
2020
Universidad Francisco Marroquín
Buffett’S Derivatives: Disruptive Financing At Low Cost, Florencia Roca, Juan Carlos Sanchez Meyer
Journal of New Finance
The well-established methodology for valuing options, the Black & Scholes formula, has been successfully challenged by Warren Buffet; who not only has been critical of the formula for the case of long-dated options, but has also applied a different approach in multi-billion derivative contracts. We study Berkshire Hathaway’s Equity Put transactions from a value-investing point of view. We show that Buffett is not using them as speculative investments, but as a disruptive -and cheap- financing source. We uncover Buffett’s methodology for valuing long-dated Equity Puts as long-term loans.
Is Modern Finance Geared Up To Support Financial Regulation?,
2020
UFM Madrid
Is Modern Finance Geared Up To Support Financial Regulation?, Massimiliano Neri
Journal of New Finance
The chief intellectual assumptions behind financial regulation are that capital markets are efficient and market participants act rationally. These assumptions have always been subject to some challenges and their empirical verification occupies a large portion of modern finance literature. Nevertheless, they represented the leading financial market theory during the decades preceding the 2007-8 crisis. The crisis demonstrated that modern theory does not allow for solid risk assessment and reliable macroeconomic forecasting. Such challenges suggest that modern finance may be facing a paradigm crisis. While a debate must be opened to assess how to move forward from the current mainstream paradigm, …
Are Coco Bonds Suitable As Core Capital Instruments?,
2020
Durham University Business School
Are Coco Bonds Suitable As Core Capital Instruments?, Kevin Dowd
Journal of New Finance
Basel III introduced significant innovations in bank regulation. One of them is the minimum required leverage ratio. To help banks implementing the new measure , Basel III created two different core capital measures: Common Equity Tier 1 (CET1) and Additional Tier 1 (AT1). Since raising capital for CET1 is expensive, other instruments are used to build up AT1 in case of need, like for example Contingent Convertible (CoCo), which can convert to equity or written-down when a bank is under stress. In this paper we show that CoCos are not suitable as regulatory core capital instruments. Problems of timing, incentives, …
Sanctuary Cities And Their Respective Effect On Crime Rates,
2020
Minnesota State University Moorhead
Sanctuary Cities And Their Respective Effect On Crime Rates, Adam R. Schutt
Undergraduate Economic Review
According to the U.S. Center for Immigration Studies (2017), cities or counties in twenty-four states declare themselves as a place of “sanctuary” for illegal immigrants. This study addresses the following question: Do sanctuary cities experience higher crime rates than those cities that are not? Using publicly available data, this regression analysis investigates the relationship between crime rates in selected cities and independent variables which the research literature or the media has linked to criminal activity. Results of this research reveal that sanctuary cities do not experience higher violent or property crime rates than those cities that are not sanctuary cities.
Assessing The Determinants Of The Human Development Index In Oil-Dependent Nations,
2020
University of Florida
Assessing The Determinants Of The Human Development Index In Oil-Dependent Nations, Adrian Fossaceca
Undergraduate Economic Review
Numerous rentier states from around the world derive all or a fundamental portion of their national revenues from the rent of natural resources. These revenues are essential for the policy-making strategies pertaining to social welfare programs and for the funding of development projects within the country. In order to determine the effectiveness of rentier states in terms of development promotion, this paper will utilize the Human Development Index (HDI) as a proxy variable for development levels. Regression analysis indicates that a substantial proportion of the variation of the Human Development Index in oil-dependent economies can be explained by the adolescent …
Effect Of Unemployment Length On Employment Expectations,
2020
Drexel University
Effect Of Unemployment Length On Employment Expectations, Kamyar Kamyar
Undergraduate Economic Review
Unemployment often has devastating effects on individuals -- both in financial and psychological terms. Depending on the type and category of unemployment, its length varies; and as its length increases it may implement biased thought in individuals’ predictions regarding future employment. This paper’s primary purpose is to measure and discuss how the time length that one has been unemployed for affects his or her expectations on his or her own short-term possibility of employment. The results suggest a strong opposite link between one’s prediction of future employment and the same person’s prior unemployment period. This paper was originally written in …
Ua3/10/2 Budget Update,
2020
Western Kentucky University
Ua3/10/2 Budget Update, Wku President's Office - Caboni
WKU Archives Records
Email from WKU president Timothy Caboni to faculty & staff regarding the budget.
Nigerien Fertility Choice In The Face Of Desertification,
2020
Portland State University
Nigerien Fertility Choice In The Face Of Desertification, Samson R. Swan
University Honors Theses
While the majority of the world experienced rapid fertility decline in the second half of the twentieth century, Niger’s fertility rate has remained relatively constant. A high fertility rate in itself is not a problem for the population as long as the resulting population can be sustained by the economic activity of the population. This is not the case for Niger, as extreme droughts in the Sahel have cast doubt on the sustainability of the majority-subsistence economy since the mid-1960s. Although not extremely common, there are some demographers and fertility experts who hold the idea that fertility decision-making is driven …
Examining The Popularity Concept In The Initial Public Offering (Ipo) Market,
2020
Portland State University
Examining The Popularity Concept In The Initial Public Offering (Ipo) Market, Preston Rad
University Honors Theses
Popularity is the act of being liked. In Popularity: A Bridge Between Classical and Behavioral Finance, authors Roger Ibbotson, Thomas Idzorek, Paul Kaplan, and James Xiong (hereafter IIDX) explore the concept of Popularity in capital market theory. IIDX argue that certain companies have Popular characteristics that leads to overpricing caused by a Popularity premium. This paper begins with an overview of the historical methods of asset pricing, starting with the Capital Asset Pricing Model (CAPM). It progresses through the expansion of the model by financial theorists such as Eugene Fama and Kenneth French. Jay Ritter (1991) has documented the …
Does Marriage Have A Differential Effect On The Career Path Of Men And Women?,
2020
Skidmore College
Does Marriage Have A Differential Effect On The Career Path Of Men And Women?, Horgan Elizabeth
Economics Student Theses and Capstone Projects
This paper investigates whether or not there is a differential effect of marriage on the career path of men and women. Using the 2010 US census, I analyze the relationship between gender, marital status, salary, age and education levels. As the background of this paper suggests, women are less likely to make career advancements past their husband and are more likely to prioritize his career goals. Due to these reasons, women would not receive the same benefit to there career from marriage that men do. Through the regressions of this study I was able to determine that on average, married …
Essays In Applied Public Policy And Health Economics,
2020
University of South Florida
Essays In Applied Public Policy And Health Economics, Stephen W. Poteet
USF Tampa Graduate Theses and Dissertations
In the first chapter, we investigate the changing landscape of America’s marijuana legislation. We first build a theoretical model to determine the impact of these changing laws on adolescents and take a closer look at the intricacies within the market. Then we provide an empirical analysis to test our hypotheses and improve upon econometric models used in previous research. We use data from the Youth Risk Behavior Survey (YRBS) administered from 2009 to 2017 in the United States. Our identification strategy included a non-linear generalized difference-in-differences approach and a group-time treatment effect. When focused on adolescent usage in the past …
The Flattening Of Japan’S Phillips Curve: An Unemployment Rate Analysis,
2020
Skidmore College
The Flattening Of Japan’S Phillips Curve: An Unemployment Rate Analysis, Hannah Kojima
Economics Student Theses and Capstone Projects
This paper examines the causes behind the flattening of the Japanese Phillips curve by analyzing the unemployment rate measure, and its role in the flattening of the curve. This paper will utilize the actual Japanese unemployment rates from 2002 through 2019, as well as estimate an alternative unemployment rates that takes into consideration discouraged workers. In my study, I recreate the Phillips curve using these two measures of unemployment, as well as implement a simple OLS regression to understand the slopes of each Phillips curves. I will also utilize the Weintraub equation in order to theorize factors that may be …
Workforce Development In A Post-Covid World: A Grassroots Approach,
2020
University of Nebraska-Lincoln
Workforce Development In A Post-Covid World: A Grassroots Approach, Cheryl Burkhart-Kriesel, Kristina Bayton, Samantha Guenther, Blayne Sharpe
Cornhusker Economics
As the world slowly emerges from COVID 19 both the virus and the lingering effects on the economy will be in the spotlight. There is a real urgency to get businesses up and running and employees working again. Some businesses may be able to "flip a switch" and up to speed while other may need to ramp up more slowly and will only be able to "turn up the dial." In both situations, there are implications for the local workforce and for the community.
