An Indirect Test For The Specification Of Expectation Regimes, 2016 Iowa State University
An Indirect Test For The Specification Of Expectation Regimes, Peter Orazem, John A. Miranowski
This paper develops an empirical strategy for testing competing hypotheses of expectation regimes when direct measures of expectations are unavailable. The procedure takes as given an assumed structural relationship between expected values of exogenous variables and a given decision variable. By imposing different expectation regimes on this model, we obtain an artificial nesting of the hypothesized regimes which allows us to test whether any specification dominates. This methodology is extended to multiple equation applications with any number of hypothesized expectation regimes. The tests are illustrated using a model of the response of county-level farm acreage allocation to expected commodity prices.
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 ...
Urban-Rural Wage Gaps, Inefficient Labor Allocations, And Gdp Per Capita, 2016 Iowa State University
Urban-Rural Wage Gaps, Inefficient Labor Allocations, And Gdp Per Capita, Georgeanne M. Artz, Maniul Hoque, Peter F. Orazem, Urja Shah
Economics Working Papers
Using a newly compiled data set from household surveys from 101 developed and developing countries, we decompose observed urban-rural log wage gaps for each country into the portion explained by skill differences and the unexplained portion. Larger unexplained wage gaps are evidence of labor market distortions that lead to inefficient allocation of labor across sectors and lower country production relative to its potential. We find that on average, eliminating unexplained urban-rural wage gaps raises per capita GDP by 13.9%. Unexplained urban-rural wage gaps are larger in countries with less democratic political systems, higher marginal tax rates, and higher average ...
Economic Contributions Of Atv-Related Activity In Maine, 2016 University of Maine - Main
Economic Contributions Of Atv-Related Activity In Maine, Jonathan Rubin, Charles Morrris
Riding ATVs has become a highly visible recreational activity in Maine. During the 2003/2004 season from July 1, 2003 to June 30, 2004 there were 59,057 ATVs registered in Maine to 45,561 separate households in Maine and from outside of Maine. During 2004, the Margaret Chase Smith Policy Center at the University of Maine in conjunction with the Maine Department of Conservation conducted a study to determine the total contribution to Maine’s economy that results from the spending related directly to the purchase and use of ATVs in Maine. We also examined the environmental and economic ...
Gasoline Consumption Attributable To Atvs In Maine, 2016 University of Maine - Main
Gasoline Consumption Attributable To Atvs In Maine, Jonathan Rubin, Charles Morrris
This study was conducted by the Margaret Chase Smith Center for Public Policy (MCSC) of the University of Maine at the request of the Maine Legislature’s Commission to Study Equity in the Distribution of Gas Tax Revenues Attributable to Snowmobiles, All-Terrain Vehicles and Watercraft. The Commission was created by the Legislature with a charge to collect and analyze information to determine an equitable distribution of gas tax revenues used in the enforcement and enhancement of programs supporting off-road vehicle use in Maine. The Commission concluded that snowmobiling, boating and ATV use has increased significantly over recent years and now ...
Measurement Of The Ocean Economy From National Income Accounts To The Sustainable Blue Economy, 2016 Middlebury Institute of International Studies at Monterey
Measurement Of The Ocean Economy From National Income Accounts To The Sustainable Blue Economy, Charles S. Colgan
Journal of Ocean and Coastal Economics
The widespread efforts to incorporate the economic values of oceans into national income accounts have reached a stage where coordination of national efforts is desirable. A symposium held in 2015 began this process by bringing together representatives from ten countries. The symposium concluded that a definition of core ocean industries was possible but beyond that core the definition of ocean industries is in flux. Better coordination of ocean income accounts will require addressing issues of aggregation, geography, partial ocean industries, confidential, and imputation is also needed. Beyond the standard national income accounts, a need to incorporate environmental resource and ecosystem ...
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 ...
The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, 2016 University of Southern Mississippi
The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee
This study measures the impact that electrical outages have on manufacturing production in 135 less developed countries using stochastic frontier analysis and data from World Bank’s Investment Climate surveys. Outages of electricity, for firms with and without backup power sources, are the most frequently cited constraint on manufacturing growth in these surveys.
Outages are shown to reduce output below the production frontier by almost five percent in Africa and by a lower percentage in South Asia, Southeast Asia and the Middle East and North Africa. Production response to outages is quadratic in form. Outages also increase labor cost, reduce ...
Complex Effects Of Value-Added Livestock Ventures, 2016 South Dakota State University
Complex Effects Of Value-Added Livestock Ventures, Matthew A. Diersen
Value-added agriculture ventures are generally touted as being positive for a region’s economy. A product formerly shipped elsewhere may now be processed or modified locally or regionally, providing additional employment and related economic activity. Ethanol production, for example, disrupts the pattern of sending corn out of a region, but usually occurs where corn production is already prevalent. Consider, instead, the implications of a new livestock production facility. In this article, observations are made at the state and county levels related to livestock ventures. Kingsbury County is examined for potential effects on the production agriculture (or farming) sector. A livestock ...
Central Minnesota Economic And Business Conditions Report - First Quarter 2016, 2016 St. Cloud State University
Central Minnesota Economic And Business Conditions Report - First Quarter 2016, King Banaian, Richard A. Macdonald
Central Minnesota Economic and Business Conditions Report
Economic conditions in the Central Minnesota planning area are expected to improve over the next several months according to predictions of the Central Minnesota Index of Leading Economic Indicators (LEI). The leading index surged in the most recent period, with four components producing positive readings. Weakness in national new orders for durable goods was the only index component that registered a negative number. Improvements in a general measure of statewide business conditions and a decrease in initial jobless claims in Central Minnesota helped drive the LEI higher in the first quarter. Also contributing to the improved outlook was a rise ...
Southwest Minnesota Economic And Business Conditions Report - First Quarter 2016, 2016 St. Cloud State University
Southwest Minnesota Economic And Business Conditions Report - First Quarter 2016, King Banaian, Richard A. Macdonald
Southwest Minnesota Economic and Business Conditions Report
Economic conditions are expected to improve in Southwest Minnesota over the next several months according to the predictions of the St. Cloud State University (SCSU) Southwest Minnesota Index of Leading Economic Indicators (LEI). A strengthening rural outlook, a recent increase in new business filings, and fewer initial jobless claims in the first quarter helped drive the leading index higher. A small reduction in residential building permits in Mankato served as a drag on the leading index in the first quarter.
There were 665 new business filings with the Office of the Minnesota Secretary of State in Southwest Minnesota in the ...
Northwest Minnesota Economic And Business Conditions Report - First Quarter 2016, 2016 St. Cloud State University
Northwest Minnesota Economic And Business Conditions Report - First Quarter 2016, King Banaian, Richard A. Macdonald
Northwest Minnesota Economic and Business Conditions Report
An increased pace of economic activity is expected in Northwest Minnesota over the next several months according to the predictions of the St. Cloud State University (SCSU) Northwest Minnesota Index of Leading Economic Indicators (LEI). While two of the five components of the leading index were lower in the first quarter, the LEI still increased by 5.49 points. A rise in the Rural Mainstreet Index (which signals a less challenging macroeconomic environment for rural America), lower initial jobless claims in the region, and a slight increase in Fargo/Moorhead and Grand Forks/East Grand Forks residential building permits helped ...
Northeast Minnesota Economic And Business Conditions Report - First Quarter 2016, 2016 St. Cloud State University
Northeast Minnesota Economic And Business Conditions Report - First Quarter 2016, King Banaian, Richard A. Macdonald
Northeast Minnesota Economic and Business Conditions Report
Northeast Minnesota economic performance is expected to improve over the next several months according to the predictions of the Northeast Minnesota Index of Leading Economic Indicators (LEI). Four of the five components of the LEI increased in the first quarter as the overall index followed up a negative reading in the fourth quarter with a positive move in the first three months of 2016. A decline in initial jobless claims in the region and a recent increase in filings for new business incorporation contributed favorably to the first quarter LEI. In addition, an improvement in a general measure of state ...
Southeast Minnesota Economic And Business Conditions Report - First Quarter 2016, 2016 St. Cloud State University
Southeast Minnesota Economic And Business Conditions Report - First Quarter 2016, King Banaian, Richard A. Macdonald
Southeast Minnesota Economic and Business Conditions Report
Southeast Minnesota economic performance is expected to remain steady over the next several months according to the most recent prediction of the Southeast Minnesota Index of Leading Economic Indicators (LEI). After a quarter in which the LEI experienced a small gain, the Southeast Minnesota leading index once again tallied a small increase by rising 0.6 points in the first quarter of 2016. Three of the five index components were positive in the most recent quarter. Improvement in the Minnesota Business Conditions Index (which serves as a general measure of state business conditions), falling quarterly claims for unemployment benefits, and ...
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.
Variation In Restaurant Sanitary Scores In New York City, 2016 CUNY Hunter College
Variation In Restaurant Sanitary Scores In New York City, Kyle Gregory
School of Arts & Sciences Theses
The purpose of this study was to determine whether restaurants that are homogenous in nature would exhibit substantially different hygiene scores based on the underlying consumer learning behaviors present in the neighborhoods in which the restaurants are located.
The Effect Of Low-Income Housing On Neighborhood Mobility: Evidence From Linked Micro-Data, 2016 United States Census Bureau
The Effect Of Low-Income Housing On Neighborhood Mobility: Evidence From Linked Micro-Data, Quentin O. Brummet, Otávio C. Bartalotti
Economics Working Papers
While subsidized low-income housing construction provides affordable living conditions for poor households, many observers worry that building low-income housing in poor communities induces individuals to move to poor neighborhoods. We examine this issue using detailed, nationally representative microdata constructed from linked decennial censuses. Our analysis exploits exogenous variation in low-income housing supply induced by program eligibility rules for Low-Income Housing Tax Credits to estimate the effect of subsidized housing on neighborhood mobility patterns. The results indicate little evidence to suggest a causal effect of additional low-income housing construction on the characteristics of neighborhoods to which households move. This result is ...
Preferential Trade Agreements And Quality Of Government In Sub-Saharan Africa, 2016 University of Southern Mississippi
Preferential Trade Agreements And Quality Of Government In Sub-Saharan Africa, Sharon Camara
Objectives. Sub-Saharan African (SSA) nations have made concerted attempts at economic integration and openness with use of preferential trade agreements (PTAs) beginning in the latter half of the 1990s. These changes could result in increases in trade and growth. The World Bank’s Good Governance indicators are designed to assess the quality of institutions in a given country. The objective is to assess the impact of PTAs and Good Governance indicators on trade in SSA nations. Methods. Data on trade y was generated based on exports defined by the International Monetary Fund’s (IMF) Direction of Trade statistics, and both ...
Transnational Capitalism And The Middle East: Understanding The Transnational Elites Of The Gulf Cooperation Council, 2016 Florida International University
Transnational Capitalism And The Middle East: Understanding The Transnational Elites Of The Gulf Cooperation Council, Seyed Ahmad Mirtaheri
FIU Electronic Theses and Dissertations
In this dissertation, I argue that transnational elites within the Gulf Cooperation Council (GCC) have been integrated within a Transnational Capitalist Class (TCC) economically, militarily and politically through relationships that transcend the boundaries of the nation-state. These relationships exist within the context of a global capitalist structure of accumulation that is dependent on the maintenance of a repressive state apparatus in the GCC. There have been few attempts to analyze the relationships that Middle Eastern political and economic elites have developed with global elite networks. This work fills an important gap in the scholarly literature by linking the political and ...
Corporate Responsibility In Peace Building, Conflict Prevention And Development: The Role Of The Mining Sector In Ghana, 2016 University of Cape Coast
Corporate Responsibility In Peace Building, Conflict Prevention And Development: The Role Of The Mining Sector In Ghana, Abdul Karim Issifu
Journal of Interdisciplinary Conflict Science
This article seeks to explore the role of the mining sector in peace building, conflict prevention and community development in Ghana. After thoroughly reviewing secondary data, including articles, books, journals, newspapers, etc., via critical document review and qualitative research approaches the research found that, there is no legal document on CSR in Ghana, yet mining companies in a free will, have executed CSR programs laying down for peace, security and development in the country. More so, this article provides a theoretical support for the Integrative theory of CSR on the basis that, the socio-economic, political, cultural and environmental needs of ...