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Pengaruh Pdb Per Kapita Dan Konsumsi Energi Terhadap Emisi Grk Di Indonesia, Sarwono Alfian H. Nadeak, Nasrudin Nasrudin

Jurnal Ekonomi dan Pembangunan Indonesia

The purpose of this research is to analyze the effect of GDP per capita and energy consumption on greenhouse gas emissions and test the hypothesis of the Environmental Kuznets Curve (EKC) in Indonesia. This study uses two methods, namely Error Correction Mechanism (ECM) and Autoregressive Distributed Lag (ARDL) with bound testing approach. The results showed that GDP per capita had a positive effect on greenhouse gas emissions. Renewable energy consumption negatively affects greenhouse gas emissions, while non-renewable energy consumption negatively affects total greenhouse gas emissions, but positively influences CO2 emissions. In the long run, the EKC hypothesis applies in Indonesia.

Risk For Thai Children From The Covid-19 Pandemic: Quantitative Analysis, Amornrat Apinunmahakul, Sasatra Sudsawasd, Prasopchoke Mongsawad

DLSU Business & Economics Review

The impacts of the Covid-19 pandemic on Thai children’s educational outcomes are examined based on a two- step analysis. First, the economic impact of the pandemic on household income is quantified by incorporating simulated

macroeconomic variables from the CGE model into a household-level data set. Next, these microsimulation results, along with the Thailand Multiple Indicator Cluster Survey data, are examined to identify the negative impact on children’s educational outcomes, using a binary logistic model. The result confirms the negative impact of Covid-19 on household incomes in all income classes. Unfortunately, households with children are hit harder than others in the …

Recent Impacts Of Penny And Fixed Odds Wagering: What Does The Future Hold?, Thomas E. Lambert

Faculty and Staff Scholarship

In order hopefully to revive attendance at the tracks and/or fuel a resurgence in gambling (either in person or virtually), the last year has seen some recent wagering developments and changes at different horseracing tracks in the United States. At Ellis Park Racing and Gaming (Henderson, Kentucky) in the Evansville, Indiana metro area, penny wagering has been tried since the 2022 season to influence gambling revenues. Meanwhile, starting in 2022 Monmouth Park in New Jersey now offers “fixed odds” wagering as an alternative to parimutuel wagering for patrons who do not like the possible fluctuations in odds before a race …

Volatility Puzzle: Long Memory Or Anti-Persistency, Shuping Shi, Jun Yu

Research Collection School Of Economics

The log realized volatility (RV) is often modeled as an autoregressive fractionally integrated moving average model ARFIMA(1,d,01,d,0). Two conflicting empirical results have been found in the literature. One stream shows that log RV has a long memory (i.e., the fractional parameter d > 0). The other stream suggests that the autoregressive coefficient α is near unity with antipersistent errors (i.e., d α close to 0 and d close to 0.5) from Model 2Model 2 (ARFIMA(1,d,01,d,0) with α close to unity and d close to –0.5). An intuitive explanation is given. For the 10 financial assets considered, despite that no definitive conclusions …

Multivariate Stochastic Volatility Models Based On Generalized Fisher Transformation, Han Chen, Yijie Fei, Jun Yu

Research Collection School Of Economics

Modeling multivariate stochastic volatility (MSV) can be challenging, particularly when both variances and covariances are time-varying. In this paper, we address these challenges by introducing a new MSV model based on the generalized Fisher transformation of Archakov and Hansen (2021). Our model is highly exible and ensures that the variance-covariance matrix is always positive-definite. Moreover, our approach separates the driving factors of volatilities and correlations. To conduct Bayesian analysis of the model, we use a Particle Gibbs Ancestor Sampling (PGAS) method, which facilitates Bayesian model comparison. We also extend our MSV model to cover the leverage effect in volatilities and …

Young Women In Cities, Yumi Koh, Jing Li, Yifan Wu, Junjian Yi, Hanzhe Zhang

Research Collection School Of Economics

Young women outnumber young men in cities in many countries during periods of economic growth and urbanization. This gender imbalance among young urbanites is more pronounced in larger cities. We use the gradual rollout of special economic zones across China as a quasi-experiment to establish the causes of this gender imbalance. Our analysis suggests that a key contributor is gender-differential incentives to migrate due to rural women’s higher likelihood of marrying and marrying up in cities when urbanization creates more economic opportunities and an abundance of high-income marriage-age men.

The Impact Of Upzoning On Housing Construction In Auckland*, Ryan Greenaway-Mcgrevy, Peter C. B. Phillips

Research Collection School Of Economics

There is a growing debate about whether upzoning is an effective policy response to housing shortages and unaffordable housing. This paper provides empirical evidence to further inform debate by examining the various impacts of recently implemented zoning reforms on housing construction in Auckland, the largest metropolitan area in New Zealand. In 2016, the city upzoned approximately three quarters of its residential land to facilitate construction of more intensive housing. We use a quasi-experimental approach to analyze the short-run impacts of the reform on construction, allowing for potential shifts in construction from non-upzoned to upzoned areas (displacement effects) that would, if …

Investment And The Long Swings Of Unemployment, Hian Teck Hoon, Margarita Katsimi, Gylfi Zoega

Research Collection School Of Economics

We estimate the medium-term relationship between investment and unemployment over the period 1960–2017 in 20 OECD countries, a period that includes the years of the Great Recession. While neoclassical growth theory typically assumes full employment—with no effect of investment on unemployment—and New-Keynesian models assume that such a relationship only exists in the short term at business cycle frequencies, we find that over our sample period covering more than 5 decades, a statistically significant negative relationship does exist: in decades when investment fell, unemployment increased. Panel estimation, using a measure of stock market volatility as an instrument for investment, confirms the …

Bootstrapping Two-Stage Quasi-Maximum Likelihood Estimators Of Time Series Models, Sílvia Gonçalves, Ulrich Hounyo, Andrew John Patton, Kevin Sheppard

Research Collection School Of Economics

This article provides results on the validity of bootstrap inference methods for two-stage quasi-maximum likelihood estimation involving time series data, such as those used for multivariate volatility models or copula-based models. Existing approaches require the researcher to compute and combine many first- and second-order derivatives, which can be difficult to do and is susceptible to error. Bootstrap methods are simpler to apply, allowing the substitution of capital (CPU cycles) for labor (keeping track of derivatives). We show the consistency of the bootstrap distribution and consistency of bootstrap variance estimators, thereby justifying the use of bootstrap percentile intervals and bootstrap standard …

العلاقة بين نظام سعر الصرف وتأثير السياسة النقدية في الاقتصاد, بسمان كامل جواد

Muthanna Journal of Administrative and Economics Sciences

تُعد السياسة النقدية من اهم ادوات الدولة للتأثير على الاقتصاد بشكل عام من خلال التأثير على المتغيرات الاقتصادية والتي على رأسها معدل الفائدة والتضخم والسيولة غير ان السياسة النقدية لأي بلد هي محكومة باطار عام وهو نوع نظام سعر الصرف المتبع في تلك الدولة اذ ان هناك عدة أنظمة لسعر الصرف تتبعها الدول كما يصنفها صندوق النقد الدولي , لذلك جاءت هذه الدراسة الموسومة بـ (العلاقة بين نظام سعر الصرف وتأثير السياسة النقدية في الاقتصاد) لتسليط الضوء على هذه الأنظمة المختلفة وأسباب اختلافها وفاعليتها من دولة الى أخرى في التأثير على المتغيرات الاقتصادية اذ تهدف الدراسة الى معرفة هل ان …

Understanding Telecommunication Customer Churn: Insights From Lightgbm Predictive Modelling And Shap Feature Interpretation, Ruben Sinaga, Sunu Widianto

ASEAN Marketing Journal

Manuscript Type: Research Article

Research Aims: This research is expected to contribute to scientific insights on machine learning predictions, how to understand the contribution of variables and their interpretation in the overall context of customer churn in telecommunications companies.

Design/Methodology/Approach: Data was collected from one Indonesian telecommunication company within a total of 50,000 sample data points. The data was analyzed using a machine learning algorithm to process, predict, and interpret the result based on the research scenario.

Research Findings: These findings revealed that the SHAP framework significantly impacts the churn problem, allowing the marketing team to implement the right strategy …

The Potential Of Economic Loss Due To Stunting In Indonesia, Esty Asriyana Suryana

Jurnal Ekonomi Kesehatan Indonesia

Stunting cases continue to increase, along with the high risk of undernutrition, the increasing prevalence of malnutrition, and decreasing productivity. If this condition is not handled correctly, it can affect Indonesia's development performance, inequality, and poverty. Stunting can hinder economic growth and labor productivity, affecting 11% of GDP (gross domestic product) and reducing the income of adult workers by up to 20%. Based on this, it is necessary to make prevention and control efforts in nutrition intervention activities an economic investment. Therefore, this study estimates the economic potential lost due to stunting in children under five. This descriptive study is …

Remembering The Ladies! A Decision-Making Activity For Teaching The American Revolution, Presley Shilling, Jeffrey Byford, Deanna Owens-Mosby

The Councilor: A National Journal of the Social Studies

This content-centered American Revolution activity encourages students to utilize Robert Stahl’s rank-order approach to promote decision-making in the social studies classroom. The incorporation of women’s contributions in the years leading up to the American Revolution influences students to analyze various perspectives surrounding this historical event. Employing Robert Stahl’s four phases of decision-making, students examine a situation and rank-order the efforts of the daughters of liberty, while investigating the political, economic, and social causes of the American Revolution. Students, individually or in groups, determine which of the seven solutions will be most effective in undermining the British and King George III’s …

Educational Requirements Of Pakistan: A Normed Planning Approach, Faiza Hassan, Hafsa Hina, Arshad Ali

Business Review

The study assesses the performance of a developing economy's educational sector by comparing some fundamental educational statistics from Pakistan to those of ten better-performing nations, and it outlines the required levels of education for the following decade. It presents a road map for the educational sector in Pakistan for the next ten years after identifying the gap between the existing and required levels of educational statistics. For each level of education, projections for the following variables are created. The required levels of Gross enrolment ratios, student-teacher ratios, the number of enrolments and the number of teachers. The required distribution of …

Energetic Costs Of Testosterone In Two Subsistence Populations, Benjamin C. Trumble, Herman Pontzer, Jonathan Stieglitz, Daniel K. Cummings, Brian Wood, Melissa Emery Thompson, David Raichlen, Bret Beheim, Gandhi Yetish, Hillard Kaplan, Michael Gurven

ESI Publications

Objective

Testosterone plays a role in mediating energetic trade-offs between growth, maintenance, and reproduction. Investments in a high testosterone phenotype trade-off against other functions, particularly survival-enhancing immune function and cellular repair; thus only individuals in good condition can maintain both a high testosterone phenotype and somatic maintenance. While these effects are observed in experimental manipulations, they are difficult to demonstrate in free-living animals, particularly in humans. We hypothesize that individuals with higher testosterone will have higher energetic expenditures than those with lower testosterone.

Methods

Total energetic expenditure (TEE) was quantified using doubly labeled water in n = 40 Tsimane forager-horticulturalists …

The Effect Of Trading Volume On Stock Price, Jackson Dino

Gettysburg College Headquarters

Knowledge of the relationship between trading volume and trading equities enhances investors and public policy maker’s knowledge of market structure. In this paper, we examine the effects of trading volume on stock prices using a panel of stock prices from the S&P 500 Index. We develop an ordinary least squares regression model, implementing control variables, fixed effects and an instrumental variable to minimize statistical bias. We find evidence that an increase of trading volume by its mean is associated with a $2.42 increase in average stock price. We also find stronger evidence that an increase of trading volume by its …

Climate Change: The Ultimate Cereal Killer: The Impact Of Temperature And Precipitation On Agricultural Yields, Hayley Huber, Robert Salita, Ruth Abraham

Gettysburg College Headquarters

The global food supply depends on agricultural production, but as the negative effects of climate change are exacerbated by human activity, how will agriculture need to change to accommodate both climate change and the increasing population? In order to understand what adaptations will be necessary, we perform analysis on the relationship between climate change (temperature and precipitation) and crop yields (barley, rice, and soybean). We take a multinational approach, using ten countries for each model, to see the global impact of climate change on production. Testing many models, we settle on country-specific time trends, eliminating many confounding variables by focusing …

Principles Of Financial Management Chapter 1 - 4, Dorina Tila

Open Educational Resources

This work includes a teaching material that could be the embryonic stage of a textbook for a Principles of Financial Management course.

Principles of Financial Management is a course that introduces you to key financial concepts and the application of financial analysis in making sound business decisions. Topics covered are time value of money, risk and rates of return, asset valuation, capital budgeting, and capital structure, and more. At the end of the course, you will gain an understanding of financial assets, financial markets, financial intermediaries, and the banking system. You will also be able to understand financial statements (i.e., …

Working Paper No. 78, On Lenin, And The State As A Necessary Tool, J.P. Trafford

Working Papers in Economics

In his The State and Revolution [1918], Vladimir Illich Ulyanov—also known as Lenin—singles out the organ of the “State” as the institution essential for realizing a successful communist revolution. Lenin’s draws his thinking on the State from Karl Marx, who in his writings expresses the view that a State emerges in order to mitigate class conflicts. From this perspective, the State becomes an organ for class rule. History teaches us that the State occupies a position above society and is utilized as a special coercive force for exerting the wills of members of the ruling class upon the working class. …

Working Paper No. 75, The Utopian Socialists Reconsidered, Aden Quenemoen

Working Papers in Economics

This inquiry seeks to establish that efforts to formulate utopian solutions to societal challenges are deserving of reconsideration, especially when the national and international solutions influenced by one Karl Marx and his followers appear to have reached their nadir as the Soviet experiment ended by the start of the 1990s. Such requires us to look back in time prior to Marx by considering contributions advanced by the likes of: Henri de Saint-Simon, Robert Owen, and Charles Fourier. What is stressed is that all three of these authors advanced novel ideas, with some of their ideas deemed important and enduring, while …

Working Paper No. 79, On The Emergence Of And Failures Of Cybernetics In The Soviet Union, Leah Herrera

Working Papers in Economics

This inquiry seeks to establish that despite potentially offering significant efficiency gains leading to an era of intensive economic growth, cybernetics in the USSR fell short in being implemented because of a) lack of coordination between competing ministries; b) inadequate policies; and c) insufficient funding. Though the structure of government in the USSR appeared to be centralized and hierarchical, with economic and government plans and policies traveling from the top down, in practice, ministries acted more like heterarchies, leading to ministerial competition over the large cybernetic projects meant to reform the administrative command economy—from the mid-1950s through to the late …

Revisiting Development Discourse Amidst Informal Sector Crises Covid-19 Pandemic, Anjan Chakrabarti, Pooja Sharma

International Journal on Responsibility

Amid the COVID-19 pandemic, India has experienced a severe catastrophe of the informal sector, related to both health and livelihood. The informal sector and migrant workers are closely linked and they became easy prey during the nationwide lockdown at the onset of the COVID-19 pandemic. The informal sector, primarily a fallout of the prevailing dual economy, makes it highly imperative to revisit not only India’s growth and development process but also the distribution. The paper attempts to evaluate the development process adopted by developing countries and their relevance in terms of growth and inequality. The study finds the missing link …

Panel Data Models With Time-Varying Latent Group Structures, Peter C. B. Phillips, Liangjun Su, Yiren Wang

Cowles Foundation Discussion Papers

This paper considers a linear panel model with interactive fixed effects and unobserved individual and time heterogeneities that are captured by some latent group structures and an unknown structural break, respectively. To enhance realism the model may have different numbers of groups and/or different group memberships before and after the break. With the preliminary nuclear-norm-regularized estimation followed by row- and column-wise linear regressions, we estimate the break point based on the idea of binary segmentation and the latent group structures together with the number of groups before and after the break by sequential testing K-means algorithm simultaneously. It is shown …

The Economic Value Of Sea Otters And Recreational Tourism In A California Estuary, Jessica A. Fujii, Charles S. Colgan, Anthony Castelletto, Michelle M. Staedler, Amy G. Wolfrum, Kyle S. Van Houtan

Journal of Ocean and Coastal Economics

The recovery of marine megafauna can lead to improved ecosystem function and services, but not all stakeholders may benefit equally. Quantifying the local economic value of a species’ presence may appeal to broader range of stakeholders when developing conservation strategies. This study aims to examine the economic effect recreational activities can have on a local region, and to determine what role the presence of southern sea otters (Enhydra lutris nereis) had on the value visitors placed on the visit and the area’s preservation. We surveyed visitors to Elkhorn Slough, a small estuary in California known for diverse wildlife, …

One-Shot Economic Mobility Via Microsoft Excel, Humberto Barreto

School of Business and Leadership Working Papers

This paper explains how to use a macro-enabled Excel workbook, Mobility.xlsm, to teach basic concepts about intergenerational mobility as a standalone, one-time class or assignment at the undergraduate level. The focus is on explaining the results from Chetty et al. (2014) which tracks the parent’s place in the income distribution and then their adult children’s income ranking. Simulation is used to explain the bottom-to-top transition probability and the transition matrix with strong visuals and concrete numbers. The workbook is entirely self-contained and has a series of questions to lead students through the material. This paper has suggested answers and further …

New Asymptotics Applied To Functional Coefficient Regression And Climate Sensitivity Analysis, Qiying Wang, Peter C. B. Phillips, Ying Wang

Cowles Foundation Discussion Papers

A general asymptotic theory is established for sample cross moments of nonstationary time series, allowing for long range dependence and local unit roots. The theory provides a substantial extension of earlier results on nonparametric regression that include near-cointegrated nonparametric regression as well as spurious nonparametric regression. Many new models are covered by the limit theory, among which are functional coefficient regressions in which both regressors and the functional covariate are nonstationary. Simulations show finite sample performance matching well with the asymptotic theory and having broad relevance to applications, while revealing how dual nonstationarity in regressors and covariates raises sensitivity to …

Revisit The Moving Average Technical Trading Rule For The Nasdaq Composite Index, Louie Ren, Peter Ren, Jeffrey Yi-Lin Forrest

Pennsylvania Economic Review

We check the regression model assumptions via residual analysis using one dummy variable for Buy and Sell Days. Since the returns of the NASDAQ composite index is not stationary, it is inappropriate to use the Student T-test on Buy and Sell Days to analyze the efficiency of the market via moving average technical trading rules. As such, the Buy-Sell Days from the moving average trading rules have no predictability on daily NASDAQ index returns. This refutes the results of at least two studies on the NASDAQ Composite Index.

Exchange Rate Pass-Through To Domestic Prices, Jui-Chi Huang

Pennsylvania Economic Review

By using Generalized Least Squares and Least Squares Dummy Variable techniques, we use the aggregate 98 U.S. 4-digit Standard Industrial Classification manufacturing data over 43 years (1976 – 2019) to investigate the connection between exchange rate shocks and domestic prices. Our panel data analyses reveal that the exchange rate shocks passed to the U.S. domestic prices through imported inputs and import penetration

The Determinants Of Poverty In Pennsylvania Counties, Angelique Alcantara

Pennsylvania Economic Review

This study examines the determinants of poverty in Pennsylvania counties. Economic and demographic characteristics are evaluated in their relation to the poverty rate, using panel data from 2000 to 2019 for the 67 Pennsylvania counties. Data was collected from the U.S. Census Bureau. In accordance with the Hausman (1978) specification test, a two-way fixed effects model is estimated to account for unobserved county-specific and time-specific heterogeneity. Wald (1939) tests are used to determine joint significance for both demographic and economic variable groups. Results indicate that employment in manufacturing and in construction are negatively related to the poverty rate. Employment in …

Heterogeneity In The Persistence Of Health: Evidence From A Monthly Micro Panel, Stephen Hoskins, David W. Joohnston, Johannes S. Kunz, Michael A. Shields, Kevin E. Staub

ROSA Journal Articles and Publications

Despite being widely used in health economics, dynamic models of health and healthcare typ ically assume that the persistence in these outcomes is the same for every individual. This paper explores individual-level heterogeneity in the persistence of health outcomes. Using simple re gression methods that do not place any restriction on the distribution of the heterogeneity in persistence, the paper documents substantial heterogeneity in health, medical expenditures, and healthcare use. We show that neglecting this heterogeneity leads to estimates that overstate the average persistence and can bias the coefficients of covariates. We find that between 75% and 87% of individuals …