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Study On Development Of Port Service Network Along The Maritime Silk Road Via Capacity Sharing, Junwen Wang Aug 2023

Study On Development Of Port Service Network Along The Maritime Silk Road Via Capacity Sharing, Junwen Wang

World Maritime University Dissertations

No abstract provided.

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A Stewardship Curriculum To Promote Financial Independence: Congregants Of Sbc Depend On The Church For Financial Support, Davon Simpson Aug 2023

A Stewardship Curriculum To Promote Financial Independence: Congregants Of Sbc Depend On The Church For Financial Support, Davon Simpson

Doctoral Dissertations and Projects

This thesis project investigates the congregation of Second Baptist Church of Selma, Alabama, and their dependency upon the church for financial support. The thesis presupposes biblical illiteracy on stewardship as the hinderance for congregants of Second Baptist Church in obtaining financial independence. This project will launch a research study of the congregants of Second Baptist Church using a triangulated approach evaluating the knowledge of participants from the congregation in comparison to the stewardship curriculum. The research method includes surveys, one-on-one interviews, and small focus groups as tools to investigate the problem. This design proposes that when the curriculum is implemented …

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Two Essays On Pollution, Trade And Industries In China, Jie Bai Aug 2023

Two Essays On Pollution, Trade And Industries In China, Jie Bai

Lingnan Theses (MPhil & PhD)

The relationship between environment and human economic activities is intricately intertwined. This thesis delves into the investigation of the causal effect of pollution on exports and, in turn, examines the impacts of industrial intelligence on the environment. It is organized into two chapters. The first chapter of the thesis studies whether and how air pollution affects firms’ exports based on Chinese data (2000-2007). The literature on the correlation between trade and environment is vast, but studies almost exclusively focus on the causal effects of trade on environment. This study examines the reverse effects. In the analysis, we use PM2.5 concentrations …

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Regional Economic Impacts Of Enterococcus-Related Beach Closures In Mississippi, Jessica Lynn Browne Aug 2023

Regional Economic Impacts Of Enterococcus-Related Beach Closures In Mississippi, Jessica Lynn Browne

Theses and Dissertations

High levels of Enterococcus are the most frequent reason for beach closures on the Mississippi Gulf Coast and can be made worse by human activities. When beaches close, tourism can decrease, affecting sales. This study aims to 1) analyze the regional economic impact of beach closures at the county level, 2) show empirically how serious the impact of high levels of Enterococcus are compared to other causes of beach closures, and 3) discuss the policy implications for regional economies linked to beach closures. I use a response function approach with beach closure and county-level monthly gross taxable sales data. Results …

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Determinants Of Market Participation Among Milk Producers In Kyrgyzstan, Akhmadjon Nurullaev Aug 2023

Determinants Of Market Participation Among Milk Producers In Kyrgyzstan, Akhmadjon Nurullaev

Graduate Theses and Dissertations

This study explores the key factors that drive milk producers to enter the milk market as sellers in Kyrgyzstan. The study utilizes the Life in Kyrgyzstan dataset, a nationally representative survey that tracks 3,000 households and 8,000 individuals throughout Kyrgyzstan. The results were analyzed with two different models: Heckman’s two-stage and the double hurdle models. The results show that regional location, ethnic group origin, risk awareness, dependency ratio, vehicle ownership, total value of assets, distance to agro market, and family shock occurrence significantly impact both market participation and the volume of milk sales. The findings hold great significance in establishing …

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Who Benefits From Tuition-Free, Top-Quality Universities?: Evidence From Brazil, Suzanne Duryea, Rafael P. Ribas, Breno Sampaio, Gustavo R. Sampaio, Giuseppe Trevisan Aug 2023

Who Benefits From Tuition-Free, Top-Quality Universities?: Evidence From Brazil, Suzanne Duryea, Rafael P. Ribas, Breno Sampaio, Gustavo R. Sampaio, Giuseppe Trevisan

Economics Faculty Publications and Presentations

This paper investigates the long-term impact on earnings of attending a tuition-free, top-quality university in Brazil. We identify the causal effect through a sharp discontinuity in an admission process based on test scores. If admitted, low-income students are found to increase their earnings by 26% ten years later. However, admission has a small and insignificant effect on high-income students. The difference between income groups is not explained by educational attainment, program choice, or selection into better-paying jobs. The evidence suggests that most low-income applicants, if not admitted, still graduate from college but with much lower returns to education. High-income applicants …

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Policy With Stochastic Hysteresis, Job Boerma, Georgii Riabov, Aleh Tsyvinski Aug 2023

Policy With Stochastic Hysteresis, Job Boerma, Georgii Riabov, Aleh Tsyvinski

Cowles Foundation Discussion Papers

This paper studies stochastic hysteresis − general dependence on the path of past decisions and shocks. We develop a new methodology for deriving the explicit dynamics of optimal policy with path-dependence and show that stochastic hysteresis changes optimal policy both qualitatively and quantitatively. We showcase our methodology by deriving new results for optimal policy with stochastic habits, tipping points, robustness concerns, limited commitment, and dynamic private information.

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Is Neo-Fascism Inevitable? Looking At The Economic Surplus, The Baran Ratio, And Long Wave Cycles, Thomas E. Lambert Aug 2023

Is Neo-Fascism Inevitable? Looking At The Economic Surplus, The Baran Ratio, And Long Wave Cycles, Thomas E. Lambert

Faculty and Staff Scholarship

This paper briefly outlines the idea and development of the economic surplus concept at the macroeconomic level as opposed to the one in microeconomics often labeled as a Marshallian surplus. The notion of a residual amount of output or income over and above what is necessary for a society’s consumption (education, housing, food, clothing, health care, transportation, and other necessities of life) that can be used either for further consumption by an elite class, used for reinvestment in productive activities, and/or wasted on unproductive efforts is one that has been and continues to be taught and used in heterodox and …

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Beef And Dairy Substitution Effects Associated With Carbon Labeling And An Information Intervention, Sara Gardner Hedgecock Aug 2023

Beef And Dairy Substitution Effects Associated With Carbon Labeling And An Information Intervention, Sara Gardner Hedgecock

Graduate Theses and Dissertations

Understanding consumer perceptions of carbon emissions in agriculture is a critical step to help increase the sustainability of food consumption. According to the Food and Agriculture Organization of the United Nations, 14.5 percent of all global anthropogenic GHG emissions are estimated to be represented by livestock (FAO), and cattle, raised for beef and milk, are the largest animal species responsible for emissions, comprising over 60 percent of the livestock sector’s emissions. This motivates this study’s analysis of beef and dairy milk products and alternatives. To better understand how consumers may substitute meat and milk products when provided with information about …

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The Effect Of Covid-19 Uncertainty On Corporate Default Risk: International Evidence, Md Ismail Haidar, Md Showaib Rahman Sarker, André Varella Mollick Aug 2023

The Effect Of Covid-19 Uncertainty On Corporate Default Risk: International Evidence, Md Ismail Haidar, Md Showaib Rahman Sarker, André Varella Mollick

School of Economics and Finance Faculty Publications

This paper investigates the effect of COVID-19 uncertainty on corporate default risk using an international sample of firms from 71 countries. We document that corporate default risk increases with higher COVID-19 uncertainty, even after controlling for a wide range of firmlevel and country-level characteristics. The effect is weaker for firms in highly religious adherence countries, stronger for firms in developed countries, and for firms geographically closer to China and Italy. Further, the effect is weaker for highly innovative firms and less financially constrained firms. Our findings are robust to propensity score matching and entropy balancing methods to address selection bias, …

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Two Essays On Retail Trading, Qiqi Liang Aug 2023

Two Essays On Retail Trading, Qiqi Liang

Theses and Dissertations in Business Administration

Essay 1: Retail investors from the discount broker Robinhood swarm into stocks with pending earnings announcements and stay away from them immediately after the announcements. We study four competing explanations for this phenomenon: liquidity provision, informed trading, lottery preference, and attention-induced herding by noise traders. We find strong evidence that, immediately around earnings announcements, Robinhood investors’ behavior is primarily driven by attention-induced noise trading. Our results offer new insights into retail traders’ motivation for trading when they face heightened uncertainty from earnings announcements. Our study also goes beyond Barber et al.’s (2022) limited focus on the top 0.5% of the …

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Global Energy Consumption: An Analysis Of Variables That Shape Per Capita Usage, Or How Pump Price, Urbanization, And Fossil Fuels Imports Impact Fossil Fuels Consumption Per Capita Across Oecd Countries, Mila Demchyk Savage Aug 2023

Global Energy Consumption: An Analysis Of Variables That Shape Per Capita Usage, Or How Pump Price, Urbanization, And Fossil Fuels Imports Impact Fossil Fuels Consumption Per Capita Across Oecd Countries, Mila Demchyk Savage

Graduate Program in International Studies Theses & Dissertations

Among reasons explaining the importance of studying fossil fuel consumption are: crude oil is a subject of the international commodities market, thus, any fluctuation related to its' availability or price would impact the rest of the World; natural resources like oil, gas, and coal are limited; the extensive use of fossil fuels harms our surroundings, creating many environmental concerns; every human (on average) has been using more energy since 1971 and the trend is expected to continue. The upward trend is not consistent among individual countries. Therefore, the core question of my research is, `Why do some countries consume less …

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Understanding Factors Influencing Electric Vehicle Adoption: Evidence From Panel Data Analysis, Ryker Brian Aug 2023

Understanding Factors Influencing Electric Vehicle Adoption: Evidence From Panel Data Analysis, Ryker Brian

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper investigates the factors influencing the adoption of electric vehicles (EVs) using panel data from California. The analysis employs a panel data model with within effects to examine the relationship between EV adoption rates and various socio-economic factors. The continued analysis gives out-of-sample forecasted results for the 4 counties with the highest share of electric vehicles registered in 2021. Additionally, the paper explores the influence of supply-side issues and complementary infrastructure on EV adoption. An introduction to Hidden Markov Methods is then given as the next step in the research.

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Taxing The Gender Gap: Labor Market Effects Of A Payroll Tax Cut For Women In Italy, Enrico Rubolino Jul 2023

Taxing The Gender Gap: Labor Market Effects Of A Payroll Tax Cut For Women In Italy, Enrico Rubolino

Upjohn Institute Working Papers

This paper studies the labor market effects of a large payroll tax cut for female hires in Italy. Starting in January 2013, the payroll tax rate paid by the employer for female hires was reduced by 50 percent for a period of 12 months for temporary jobs and 18 months for permanent jobs. Eligibility for the tax cut depends on the time elapsed in nonemployment status and varies discontinuously by the worker’s municipality of residence, age, and occupation. Combining social security data on the universe of Italian private-sector workers with several empirical approaches, I find that the tax cut increases …

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Research On Investment Risk And Decision Making In Dry Bulk Ships : Case Study Nijie Shipping World Limited, Mingyu Xu Jul 2023

Research On Investment Risk And Decision Making In Dry Bulk Ships : Case Study Nijie Shipping World Limited, Mingyu Xu

World Maritime University Dissertations

No abstract provided.

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Group Identity And The Formation Of Conditional Social Preferences Among Chinese Youth, Timo Heinrich, Jason Shachat, Qinjuan Wan Jul 2023

Group Identity And The Formation Of Conditional Social Preferences Among Chinese Youth, Timo Heinrich, Jason Shachat, Qinjuan Wan

ESI Working Papers

Con icts between local and migrant populations have been ubiquitous in modern China. We examine the potential for longer-term amelioration of this conflict through successive generations and intergroup contact within integrated schooling. We adopt the perspective that in- and out-group biased behaviour structurally arises from group conditional social preferences. We assess the group-conditional social preferences of local and migrant children in a second-tier Chinese city, Xiamen, and the extent these preferences correlate with those of their parents. We find that local students have a greater likelihood of Egalitarian preferences and a lower likelihood of Generous preferences when allocating with locals …

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Geographic Market Definition In Commercial Health Insurer Matters: A Unified Approach For Merger Review, Monopolization Claims, And Monopsonization Claims, Deborah Haas-Wilson, Kristof Zetenyi, Brian Gorin Jul 2023

Geographic Market Definition In Commercial Health Insurer Matters: A Unified Approach For Merger Review, Monopolization Claims, And Monopsonization Claims, Deborah Haas-Wilson, Kristof Zetenyi, Brian Gorin

Economics: Faculty Publications

We provide a methodology for geographic market definition when the product(s) being purchased or sold has an intrinsic geographic component, such as (1) the sale of commercial health plans and (2) the purchase of health care providers’ services by commercial health plans. In these situations, we show that a straightforward application of the Horizontal Merger Guidelines issued by the U.S. Department of Justice and the Federal Trade Commission (hereafter, Guidelines) that uses the customer or supplier location to define the geographic market is not sufficient and can result in markets that are unintuitively small. This is often addressed by applying …

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Discussant Comments On Hyman Et Al. Paper On California Competes Tax Credit (Cctc), Timothy J. Bartik Jul 2023

Discussant Comments On Hyman Et Al. Paper On California Competes Tax Credit (Cctc), Timothy J. Bartik

Presentations

No abstract provided.

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Monetary Policy And Stagflation: A Trade-Off Between Price Stability And Economic Growth?, Leef H. Dierks Jul 2023

Monetary Policy And Stagflation: A Trade-Off Between Price Stability And Economic Growth?, Leef H. Dierks

Journal of New Finance

Several euro area economies are likely to experience a stagflation in 2023. This situation is characterized by a combination of economic stagnation, i.e., GDP growth falling below its potential growth rate, and a pronounced increase in inflation as was last observed during the 1970s’ oil crisis. A stagflation presents the European Central Bank with a dilemma. Should it further tighten its monetary policy in an attempt to align euro area inflation (expectations) with its target of two per cent p.a. in the medium term? Or should the ECB re-adopt a more accommodative stance so as to stimulate economic growth in …

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Effects Of Technological Progress And Productivity On Economic Growth In Uganda: A Generalized Least Squares Approach, Jimmy Alani, Bruno Yawe, John Mutenyo Jul 2023

Effects Of Technological Progress And Productivity On Economic Growth In Uganda: A Generalized Least Squares Approach, Jimmy Alani, Bruno Yawe, John Mutenyo

Arab Economic and Business Journal

The paper makes use of the generalized least squares method to examine the effects of technological progress and productivity on economic growth in Uganda during the 1970 to 2020 period. Data employed in conducting empirical analyses were collected from the United Nations data bank. The paper is based on the neoclassical growth model and Cobb–Douglas production function with decreasing returns to scale because production often takes place within the feasible region of production. Therefore, we focus on the range of diminishing (but non–negative) productivity of the factors of production. We also examine the effects of some determinants of technology (e.g., …

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Housing Fever In Australia 2020-2023: Insights From An Econometric Thermometer, Shuping Shi, Peter C. B. Phillips Jul 2023

Housing Fever In Australia 2020-2023: Insights From An Econometric Thermometer, Shuping Shi, Peter C. B. Phillips

Cowles Foundation Discussion Papers

Australian housing markets experienced widespread and, in some cases, extraordi-nary growth in prices between 2020 and 2023. Using recently developed methodology that accounts for fundamental economic drivers, we assess the existence and degree of speculative behaviour as well as the timing of exuberance and downturns in these markets. Our findings indicate that speculative behaviour was indeed present in six of the eight capital cities at some time over the period studied. The sequence of events in this nation-wide housing bubble began in the Brisbane market and concluded in Melbourne, Canberra, and Hobart following the interest rate hike implemented by the …

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Policy Evaluation With Nonlinear Trended Outcomes: Covid-19 Vaccination Rates In The Us, Lynn Bergeland Morgan, Peter C. B. Phillips, Donggyu Sul Jul 2023

Policy Evaluation With Nonlinear Trended Outcomes: Covid-19 Vaccination Rates In The Us, Lynn Bergeland Morgan, Peter C. B. Phillips, Donggyu Sul

Cowles Foundation Discussion Papers

This paper points out some pitfalls in the use of two-way fixed effects (TWFE) regressions when outcome variables contain nonlinear or stochastic trend components. When a policy change shifts trend paths of outcome variables conventional TWFE estimation can distort results and invalidate inference. A robust solution is proposed by identifying determinants of dynamic club membership based on the idea of relative convergence, which can be assessed empirically by the so-called ‘logt’ test (Phillips & Sul, 2007a). Club membership in each time period is estimated by recursive regression, transforming outcome variables to statistically stable, stationary status. Time varying club membership can …

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Cash Usage In Poland In 2020: Insights Into The Role Of The Covid-19 Pandemic And Spatial Aspects, Radosław Kotkowski, Arkadiusz Manikowski Jul 2023

Cash Usage In Poland In 2020: Insights Into The Role Of The Covid-19 Pandemic And Spatial Aspects, Radosław Kotkowski, Arkadiusz Manikowski

Journal of Banking and Financial Economics

The study explores the factors likely to induce Polish customers to pay by cash, instead of payment cards, for goods and services they are purchasing. The basis of our investigation is microdata obtained in 2020, during the “Payment Habits in Poland in 2020” study, which was conducted by Narodowy Bank Polski (National Bank of Poland) in 2020. The analysis is performed using the two-stage Heckman approach. In the first stage, card adoption factors are analyzed using a probit model; then, in the second stage, the OLS model is employed to analyze the propensity to pay by cash, despite having a …

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Path Dependence As A Path To Consumer Surplus And Loyalty, Sherzod B. Akhundjanov, Ben O. Smith, Max St. Brown Jul 2023

Path Dependence As A Path To Consumer Surplus And Loyalty, Sherzod B. Akhundjanov, Ben O. Smith, Max St. Brown

Economics Faculty Publications

In the technology and design industries, one product builds on another: A smart tele- vision enhances a smart phone. However, due to complementary features, the utility that is gained by owning both products from the same firm is greater than the sum of the two products’ utility if purchased from separate firms. Aftermarkets suggest that the margins of the second product would increase. Instead, we show that the firms’ complementary utility offset each other, which results in reduced prices. Further, consumer purchase behavior is a function of the product release order; given a different release schedule, some consumers would purchase …

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Household Charitable Giving Among U.S. Working-Class Families, 1918-1919, Joanna Short Jul 2023

Household Charitable Giving Among U.S. Working-Class Families, 1918-1919, Joanna Short

Economics: Faculty Scholarship & Creative Works

This paper examines household charitable giving in the period just before the New Deal increased government involvement in social services. The 1918-19 BLS Cost of Living Survey provides a window on middle-class giving to church, charity, and patriotic organizations, as well as investment in Liberty Bonds. A lognormal hurdle model is used to estimate the probability of any giving, and the amount given, to different types of organizations. From this, we estimate income elasticities of giving and the substitutability of giving to different types of organizations. The results are compared to findings from studies on modern giving. I find that …

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An Analysis Of Socio-Economic, Lifestyle, And Health Care Determinants Of National Life Expectancies, Annie Feldman Jul 2023

An Analysis Of Socio-Economic, Lifestyle, And Health Care Determinants Of National Life Expectancies, Annie Feldman

Proceedings of the Jepson Undergraduate Conference on International Economics

Life expectancy is an important indicator of a population’s health and anticipated life-quality. Life expectancies have continued to rise in recent history, but there is great variance between countries. This paper analyzes potential reasons for country variation in the average human lifespan. Regression analysis is performed on data from 156 countries to infer explanations of observed variance. In this model, I chose factors from past research that have been highly significant. When selecting variables, I considered socio-economic, lifestyle, and health care financing measures. To explain national life expectancies, I tested variables including education, income, urban-to-rural living, alcohol and tobacco consumption, …

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Temperature And Convictions: Evidence From India, Terry Ann Craigie, Vis Taraz, Mariyana Zapryanova Jul 2023

Temperature And Convictions: Evidence From India, Terry Ann Craigie, Vis Taraz, Mariyana Zapryanova

Economics: Faculty Publications

High temperatures have been shown to affect human cognition and decision-making in a variety of settings. In this paper, we explore the extent to which higher temperatures affect judicial decision-making in India. We use data on judicial decisions from the Indian eCourt platform, merged with high-resolution gridded daily weather data. We estimate causal effects by leveraging a fixed effects framework. We find that high daily maximum temperatures raise the likelihood of convictions and these results are robust to numerous controls and specifications. Our findings contribute to a growing literature that documents that the negative impacts of rising temperatures are often …

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Navigating Investor Expectations, Yong Hsin Ning, Yvette Lim Jul 2023

Navigating Investor Expectations, Yong Hsin Ning, Yvette Lim

Asian Management Insights

Why start-ups need to speak the language of numbers.

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The Impact Of Proportional Remittances On The Macroeconomy: Analysis From An Overlapping Generations Model For The Philippines, John Paolo Rivera Jul 2023

The Impact Of Proportional Remittances On The Macroeconomy: Analysis From An Overlapping Generations Model For The Philippines, John Paolo Rivera

DLSU Business & Economics Review

The discourse on micro-foundations linking microeconomic and macroeconomic principles to establish relationships in macroeconomic models have been increasing, one of which is through an Overlapping Generations Model. From its standard form, it has been extended to incorporate migration and remittances. We contribute to the discussion by introducing proportional remittances in the model and trace its effects on the trajectory of aggregate income, consumption, capital stock, and factor prices. Calibration results showed that increases in proportional remittances induce higher aggregate income, consumption, and capital accumulation paths, albeit varying degrees with respect to the elasticity of substitution between current and future consumption. …

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An Unobserved Components Model Of Total Factor Productivity And The Relative Price Of Investment, Joshua C.C. Chan, Edouard Wemy Jul 2023

An Unobserved Components Model Of Total Factor Productivity And The Relative Price Of Investment, Joshua C.C. Chan, Edouard Wemy

Economics

This paper applies the common stochastic trends representation approach to the time series of total factor productivity (TFP) and the relative price of investment (RPI) to investigate the modeling of neutral technology (NT) and investment-specific technology (IST) and its econometric ramifications on the analysis of general equilibrium model. The permanent and transitory movements in both series are estimated efficiently via Markov chain Monte Carlo methods using band matrix algorithms. The results indicate that TFP and the RPI are, each, well represented by a differenced first-order autoregressive process. In addition, their time series share a common trend component that we interpret …

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