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Borderplex Business Barometer, Volume 1, Number 10, Thomas M. Fullerton Jr., Adam G. Walke, Omar Solís, Patricia Arellano 2017 University of Texas at El Paso

Borderplex Business Barometer, Volume 1, Number 10, Thomas M. Fullerton Jr., Adam G. Walke, Omar Solís, Patricia Arellano

Border Region Modeling Project

No abstract provided.


The Long Term Health Effects Of Fetal Malnutrition: Evidence From The 1959–1961 China Great Leap Forward Famine, Seonghoon KIM, Belton FLEISHER, Jessica Ya SUN 2017 Singapore Management University

The Long Term Health Effects Of Fetal Malnutrition: Evidence From The 1959–1961 China Great Leap Forward Famine, Seonghoon Kim, Belton Fleisher, Jessica Ya Sun

Research Collection School Of Economics

We report evidence of long-term adverse health impacts of in utero exposure to malnutrition based on survivors in their 50s who were born during the China Famine that occurred in the years 1959-1961. We take advantage of recently available data provided by the China Health and Retirement Longitudinal Study (CHARLS) to corroborate evidence supporting the Fetal Origin Hypothesis. We find that fetal exposure to malnutrition has large and long-lasting impacts on both physical health and cognitive abilities, including the risks of suffering a stroke, physical disabilities in speech, walking and vision, and measures of mental acuity. Our findings on the ...


Strong Consistency Of Spectral Clustering For Stochastic Block Models, Liangjun SU, Wuyi WANG, Yichong ZHANG 2017 Singapore Management University

Strong Consistency Of Spectral Clustering For Stochastic Block Models, Liangjun Su, Wuyi Wang, Yichong Zhang

Research Collection School Of Economics

In this paper we prove the strong consistency of several methods based on thespectral clustering techniques that are widely used to study the communitydetection problem in stochastic block models (SBMs). We show that under someweak conditions on the minimal degree, the number of communities, and theeigenvalues of the probability block matrix, the K-means algorithm applied tothe Eigenvectors of the graph Laplacian associated with its first few largesteigenvalues can classify all individuals into the true community uniformlycorrectly almost surely. Extensions to both regularized spectral clustering anddegree-corrected SBMs are also considered. We illustrate the performance ofdifferent methods on simulated networks.


(Wp 2017-04) Behavioral Economics And The Positive-Normative Distinction: Sunstein’S Choosing Not To Choose And Behavioral Economics Imperialism, John B. Davis 2017 Marquette University

(Wp 2017-04) Behavioral Economics And The Positive-Normative Distinction: Sunstein’S Choosing Not To Choose And Behavioral Economics Imperialism, John B. Davis

Economics Working Papers

This paper examines behavioral economics’ use of the positive-normative distinction in its critique of standard rational choice theory as normative, and argues that it departs from Robbins’ understanding of that distinction in ways that suggest behavioral economists themselves do not observe that distinction. One implication of this is that behavioral economists generally do not recognize Putnam’s fact-value ‘entanglement thesis’ while a second implication is that the charge that rational choice theory is descriptively inadequate paradoxically appears to mean that it does not employ the implicit value basis and normative vision that behavioral economics recommends, thus actually violating Robbins’ distinction ...


Volatility Of Commodity Futures Prices And Market-Implied Inflation Expectations, Lucjan T. Orlowski 2017 Sacred Heart University

Volatility Of Commodity Futures Prices And Market-Implied Inflation Expectations, Lucjan T. Orlowski

WCOB Faculty Publications

This study examines intricate interplay between crude oil, copper and gold futures prices, and market-implied inflation expectations that are proxied by the breakeven inflation derived from the 5-year US Treasury Note yields. We perform the Bai-Perron multiple breakpoint tests, Bayesian VAR with impulse response functions and GARCH with GED parameterization tests on daily data for the sample period January 3, 2003 – March 26, 2015. The results show a strong causal impact of shocks in the breakeven inflation on West Texas Intermediate and Brent crude oil as well as copper futures prices, albeit to varied degrees during the examined sample period ...


New Dimensions In Economic Analysis Of Legal Issues: The Appropriate Regulatory Balance Of Antitrust Law In The Context Of The Technological Innovation, Jungmi Bang 2017 Indiana University Maurer School of Law

New Dimensions In Economic Analysis Of Legal Issues: The Appropriate Regulatory Balance Of Antitrust Law In The Context Of The Technological Innovation, Jungmi Bang

Theses and Dissertations

The role of Empirical study in legal decision, even in the rule making, was increased by the economic development with the occurrence of economic realism. The incensement of economic implication of the law, without exception, impacted to the court’s ruling in the antitrust case and the antitrust law-making itself. Now it is one of the common way, court use concepts and theories developed by economists and weaves economic concepts into decisions to support their result.

The classical perspective of economic theories regarding antitrust law was start from early theorist Adam Smith in 1776, even it denied the economic implication ...


Minimum Houses For Minimum Wages: Are Tiny Houses A Solution For Low-Wage Workers?, Edward Sauve 2017 Wilfrid Laurier University

Minimum Houses For Minimum Wages: Are Tiny Houses A Solution For Low-Wage Workers?, Edward Sauve

Social Justice and Community Engagement

No abstract provided.


2016 Economic Contribution Of Nonresident Travel Spending In Montana Travel Regions And Counties, Kara Grau 2017 The University of Montana - Missoula

2016 Economic Contribution Of Nonresident Travel Spending In Montana Travel Regions And Counties, Kara Grau

Institute for Tourism and Recreation Research Publications

Money spent by those traveling in Montana has an effect directly on the businesses where spending occurs, and it ripples throughout the state’s economy from there. Statewide, spending by nonresidents (averaged over two years) totaled $3.16 billion. This report details the methods and results of the economic impact analyses for each of Montana’s travel regions, as well as analyses for counties in which nonresident travelers spent approximately $50 million or more.


2016 Nonresident Visitation, Expenditures & Economic Impact Estimates, Kara Grau 2017 University of Montana - Missoula

2016 Nonresident Visitation, Expenditures & Economic Impact Estimates, Kara Grau

Institute for Tourism and Recreation Research Publications

A collection of 2016 full year and quarterly estimates of nonresident visitation, expenditures by nonresident travelers, and economic impact estimates, including expenditures by purpose of trip, airport of arrival, and international visitors.


Antitrust Policy And Inequality Of Wealth, Herbert J. Hovenkamp 2017 University of Pennsylvania Law School

Antitrust Policy And Inequality Of Wealth, Herbert J. Hovenkamp

Faculty Scholarship

Why would anyone want to use antitrust law as a wealth distribution device when far more explicit statutory tools are available for that purpose? One feature of antitrust is its open-textured, nonspecific statutes that are interpreted by judges. As a result, using antitrust to redistribute wealth may be a way of invoking the judicial process without having to go to Congress or a state legislature that is likely to be unsympathetic. Of course, a corollary is that someone attempting to use antitrust law to redistribute wealth will have to rely on the existing antitrust statutes rather than obtaining a new ...


Demand Driven Growth And Two Class Capital Distribution With Applications To The United States, Rishabh Kumar, Christian Schoder, Siavash Radpour 2017 New School for Social Research

Demand Driven Growth And Two Class Capital Distribution With Applications To The United States, Rishabh Kumar, Christian Schoder, Siavash Radpour

Economics Faculty Publications

We present a structuralist growth and distribution model of capitalists and workers. Our model highlights the role of class-differentiated savings propensities as well as an independent accumulation function in determining the dynamics of wealth distribution in the long run. At the steady state, investment parameters do not influence the distribution of wealth but there exists a long run paradox of thrift effect, which distributes wealth to capital- ists whilst simultaneously exerting downward pressure on the long run state of aggregate demand. Applied to annual US data from 1950-2015 using the Metropolis-Hastings algorithm we find that the share of capitalist wealth ...


The Political Cost? Religious Segregation, Peace Walls, And House Prices, John A. McCord, Michael J. McCord, Peadar T. Davis, Martin E. Haran, Sean MacIntyre 2017 University of Ulster

The Political Cost? Religious Segregation, Peace Walls, And House Prices, John A. Mccord, Michael J. Mccord, Peadar T. Davis, Martin E. Haran, Sean Macintyre

Peace and Conflict Studies

The longstanding issue of discrimination and segregation in housing markets has enveloped housing market analysis and particularly the understanding of house price determination. Whilst the relationship of segregation in residential space is diverse and encompasses numerous taxonomies, in Northern Ireland, the high level of market segregation is compounded by the addition of tactile barriers such as Peace walls. The existence of these tactile barriers serves to physically segregate communities and have the capacity to prevent the restoration of normal community interactions and market processes. This paper attempts to quantify and measure the disamenity implications and costs of these hard structures ...


Random Mechanism Design On Multidimensional Domains, Shurojit CHATTERJI, Huaxia ZENG 2017 Singapore Management University

Random Mechanism Design On Multidimensional Domains, Shurojit Chatterji, Huaxia Zeng

Research Collection School Of Economics

We study random mechanism design in an environment where the set of alternatives has a Cartesian product structure. We first show that all generalized random dictatorships are strategy-proof on a minimally rich domain if and only if the domain is a top-separable domain. We next generalize the notion of connectedness (Monjardet, 2009) to establish a particular class of top-separable domains: connected domains, and show that in the class of minimally rich and connected domains, the multidimensional single-peakedness restriction is necessary and sufficient for the design of a flexible random social choice function that is unanimous and strategy-proof. Such a flexible ...


Bias Against Novelty In Science: A Cautionary Tale For Users Of Bibliometric Indicators, Jian Wang, Reinhilde Veugelers, Paula Stephan 2017 KU Leuven

Bias Against Novelty In Science: A Cautionary Tale For Users Of Bibliometric Indicators, Jian Wang, Reinhilde Veugelers, Paula Stephan

Jian Wang

Research which explores unchartered waters has a high potential for major impact but also carries a higher uncertainty of having impact.  Such explorative research is often described as taking a novel approach.  This study examines the complex relationship between pursuing a novel approach and impact.  Viewing scientific research as a combinatorial process, we measure novelty in science by examining whether a published paper makes first-time-ever combinations of referenced journals, taking into account the difficulty of making such combinations.  We apply this newly developed measure of novelty to all Web of Science research articles published in 2001 across all scientific disciplines ...


Economía Regional Unidad 6, Vicente German-Soto 2017 Universidad Autonoma de Coahuila

Economía Regional Unidad 6, Vicente German-Soto

Vicente German-Soto

Resumen del curso de Economía Regional, Unidad 6: Análisis del mercado laboral regional e interregional.


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 ...


Essays In Financial Development And Income Inequality, Samuel M. Jung 2017 The Graduate Center, City University of New York

Essays In Financial Development And Income Inequality, Samuel M. Jung

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

This dissertation consists of three essays of original research. Chapter 1 is a survey of the literature on the theoretical and empirical interactions among financial development, economic growth, and income inequality.

Chapter 2 describes empirical research on the relationship between financial development and income inequality based on Generalized Method of Moments (GMM) method using a Chinese provincial dataset between 1998 and 2014. The empirical findings support the notion that well-developed financial markets increase income inequality in China. After adding a year dummy for 2001 to examine the impact of China’s entry into the World Trade Organization, which caused the ...


Essays On Economics Of Inequality, Aboozar Hadavand 2017 The Graduate Center, City University of New York

Essays On Economics Of Inequality, Aboozar Hadavand

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

This dissertation consists of three chapters all around the subject of inequality. The first chapter provides a novel analysis of the trend in income inequality in the United States between 1979--2013. There are two ways in which this chapter contributes to the literature. First, I analyze how much of the existing inequality in the U.S. is due to the demographic changes that happened over this period. Using microdata from Luxembourg Income Study and after decomposing inequality into within- and between-age group components, I find that the within-group share of overall inequality in the U.S. is high and steady ...


Who Influences Your Outcomes? The Effect Of Culture And Ethnic Origin, Neighborhood And Peers On Personal Income: A Spatial Econometric Analysis Of New York City, Anna Arakelyan 2017 The Graduate Center, City University of New York

Who Influences Your Outcomes? The Effect Of Culture And Ethnic Origin, Neighborhood And Peers On Personal Income: A Spatial Econometric Analysis Of New York City, Anna Arakelyan

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

Being a “social animal”, each person is inherently embedded into a complex structure of social relations. He has role models to aspire to, conformity rules to follow, and expectations to meet. This paper explores the different social influences each person experiences in life. Specifically, I consider how a person’s ethnic community, age reference group, occupational and industry group peers, and residential area neighbors affect his total income. I introduce a novel model of multiple social networks and discuss various identification implications. I apply the model empirically to New York City, which naturally is a very favorable environment to test ...


Phragmites Removal Increases Property Values In Michigan’S Lower Grand River Watershed, Paul Isely, Erik E. Nordman, Shaun Howard, Richard Bowman 2017 Grand Valley State University

Phragmites Removal Increases Property Values In Michigan’S Lower Grand River Watershed, Paul Isely, Erik E. Nordman, Shaun Howard, Richard Bowman

Journal of Ocean and Coastal Economics

The presence of Phragmites australis, an invasive wetland plant, negatively affects coastal property values and home prices rise with distance from Phragmites. Home prices increased as distance to Phragmites increased at a rate of $3.90/meter. Removing Phragmites from a property so that the next closest Phragmites was 400 m away results in a property value increase of over $1,500. Removing all Phragmites within 400 m of any property results in a total property value impact of $837,000. This generates about $13,457-$15,121 in additional property taxes each year once the prices and taxes adjust ...


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