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Tourism And Women Empowerment: Empirical Findings From Past Experience And Predictions For The Post-Covid Era, Burcu Turkcan Aug 2021

Tourism And Women Empowerment: Empirical Findings From Past Experience And Predictions For The Post-Covid Era, Burcu Turkcan

University of South Florida (USF) M3 Publishing

Tourism industry is one of the major industries of today’s world and hence it is in the forefront of current national and international policies. Tourism is perceived as one of the fundamental engines of economic growth and development due to the fact that it has many contributions to the economy. Moreover, tourism has a dimension of women empowerment which is one of the critical issues of modern world. Hence, researchers and policymakers have begun to pay more attention to the issue of gender discrimination and tourism relationships. There are some direct linkages between tourism and women empowerment, and what is …


The Nexus Between Fiscal Freedom And Investment Freedom: The Case Of E7 Countries, Mehmet Bolukbas Aug 2021

The Nexus Between Fiscal Freedom And Investment Freedom: The Case Of E7 Countries, Mehmet Bolukbas

University of South Florida (USF) M3 Publishing

The idea that there are no restrictions in the economic attitude and behaviour of individuals and firms in the economy is expressed as economic freedoms. Today, the term of economic freedom still does not have a universal concept. However, it is known that there are free market conditions in countries that support economic freedom and the role of the state in the economy is kept at a minimum. There are many criteria for measuring the economic freedom of countries, and fiscal freedom and investment freedom are among the economic freedom criteria. The aim of the study is to analyse the …


Advances In Global Services And Retail Management: Volume 2, Cihan Cobanoglu, Valentina Della Corte Aug 2021

Advances In Global Services And Retail Management: Volume 2, Cihan Cobanoglu, Valentina Della Corte

University of South Florida (USF) M3 Publishing

This is the second volume of the Advances in Global Services and Retail Management Book Series. This volume has the following parts:

  • Part 1: Hospitality and Tourism
  • Part 2: Marketing, E-marketing, and Consumer Behavior
  • Part 3: Management
  • Part 4: Human Resources Management
  • Part 5: Retail Management
  • Part 6: Economics
  • Part 7: Accounting and Finance
  • Part 8: Sustainability and Environmental Issues
  • Part 9: Information Technology

ISBN: 978-1-955833-03-5

Hospitality and Tourism


A Qualitative Study Of Perceptions Of The Residents Of Sidon, Lebanon Regarding The Economic Effect On Sidon With Reference To Repatriation Of The Palestinian Refugees, Raja El Majzoub, Karen Howells Aug 2021

A Qualitative Study Of Perceptions Of The Residents Of Sidon, Lebanon Regarding The Economic Effect On Sidon With Reference To Repatriation Of The Palestinian Refugees, Raja El Majzoub, Karen Howells

University of South Florida (USF) M3 Publishing

From 1948 onwards, hundreds of thousands of Palestinian refugees settled in Lebanon, in both United Nations camps and private accommodation. Until today, various peace initiatives have taken place to solve this humanitarian crisis, to no avail. The Palestinians in Sidon have integrated into Lebanese society, become intertwined into the community, as both entrepreneurs and employees. Considering the "right of return" for Palestinian refugees, the consequences of the repatriation of the refugees needs to be considered. In this context, this research aims to understand the perceptions of the residents of Sidon on what they believe will happen to the economy of …


Covid-19 Effect On Fdi Motivation And Their Impact On Service Sector: Case Of Georgia, Vakhtang Charaia, Mariam Lashkhi Aug 2021

Covid-19 Effect On Fdi Motivation And Their Impact On Service Sector: Case Of Georgia, Vakhtang Charaia, Mariam Lashkhi

University of South Florida (USF) M3 Publishing

Based on the Scott-Kennel’s model of local industry upgrade through foreign direct investments, this paper analyses if investments are always positively benefiting the host economy, or if they are not promoting local/host economies at all, or to which exact level. This paper is focused on service sector oriented investments and answers the questions important to analyse for the successful investment policy creation, which could benefit both the local economy and foreign investors. In other words, only aggregated per year foreign investment numbers are not enough for the comprehensive picture creation and in some cases could even suggest incorrect strategic decisions. …


Effect Of Real Exchange Rate And Income On International Tourist Arrivals For Turkey, Erhan Aslanoglu, Oral Erdogan, Yasin E. Aksu Aug 2021

Effect Of Real Exchange Rate And Income On International Tourist Arrivals For Turkey, Erhan Aslanoglu, Oral Erdogan, Yasin E. Aksu

University of South Florida (USF) M3 Publishing

Tourism has been one of the fastest growing sectors in the world economy for decades. It has been the third biggest export item in the world economy. According to World Tourism Organization (UNWTO), total 1.34 billion tourist arrivals has recorded in destinations around the world and total international tourism receipts has reached %10 of World GDP in 2017. By 2030, total number of international tourist arrivals is expected to be 1,8 billion. Beyond its effect on country’s brand value and image, tourism has significant contribution on every host country’s economy. Particularly, international tourism receipts stand as an important foreign exchange …


Optimal Fiscal And Price Stability In Germany: Autoregressive Distributed Lags (Ardl) Cointegration Relationship, Ergin Akalpler, Dahiru A. Birnintsabas Aug 2021

Optimal Fiscal And Price Stability In Germany: Autoregressive Distributed Lags (Ardl) Cointegration Relationship, Ergin Akalpler, Dahiru A. Birnintsabas

University of South Florida (USF) M3 Publishing

The impact of optimal fiscal policy measures in a managed fixed exchange rate system were questioned in this study, to evaluate the extent of Integrated Monetary and Fiscal Policy issuing quarterly time series data for Germany, for the period ranged between 1991q1 to 2017q4. The study shows that an optimal utilization of fiscal policy measures for economic growth in Germany is questioned in the light of tax revenue, government expenditure and public debt and consumer price index. The Autoregressive Distributed Lag (ARDL) model was employed due to the fact that one of the data parameters becomes stationary at level by …


Struggle With Covid-19 Crisis Within The Scope Of Financial National Security: The Example Of The Republic Of Turkey, Silacan Karakus Aug 2021

Struggle With Covid-19 Crisis Within The Scope Of Financial National Security: The Example Of The Republic Of Turkey, Silacan Karakus

University of South Florida (USF) M3 Publishing

The COVID-19 pandemic is a discovered infectious disease in the People's Republic of China. This disease was a transformation to pandemic, when to spread all over the world in a short time, within the research framework. The struggle of the COVID-19 in the scope of financial national security was an analytical issue with example of the Republic Turkey for this study. The initiation of the emergence process of the COVID-19 epidemic in China. The third part is an examination of the spread of the COVID-19 epidemic to the whole world. The evaluated struggle of COVID-19 within the scope of financial …


Three Essays On Quantitative Easing Policy, Daniel Abraham Mengistu Aug 2021

Three Essays On Quantitative Easing Policy, Daniel Abraham Mengistu

Dissertations

The main objective of these three essays is to examine the impact of quantitative easing (QE) policies on macroeconomic indicators. The first essay focuses on the cross-border effect of U.S. QE shocks in Latin America, while the second and third essays focus on the effects of Japan’s QE policies on consumer and stock prices. In the first essay, I examine the global impacts of U.S. QE shocks on output and inflation in Latin American countries through trade linkages. It presents a monthly global model that combines individual country vector error-correction models in which domestic (endogenous) variables are related to the …


Cash Transfers And Temptation Goods: An Analysis On The Impact Of Cash Transfers On Poor Households’ Consumption Of Sugar-Sweetened Beverages In The Philippines, Janelle S. Tiu, Vince Eisen C. Yao Aug 2021

Cash Transfers And Temptation Goods: An Analysis On The Impact Of Cash Transfers On Poor Households’ Consumption Of Sugar-Sweetened Beverages In The Philippines, Janelle S. Tiu, Vince Eisen C. Yao

Angelo King Institute for Economic and Business Studies (AKI)

Sugar intake has been increasing globally and locally for individuals. Meanwhile, Philippine institutions continue to provide cash transfers (CTs) to poor households. Past literature found varying results of the impact of transfers on expenditure, consumption, and temptation goods. Most studies focused on alcohol and tobacco consumption and neglected the impact of cash transfers on the consumption of sugar-sweetened beverages (SSBs). Thus, this paper used propensity score matching and average treatment effects on the treated (ATET) evaluation method to compare the consumption of poor households with transfers to their consumption if they had not received cash transfers and determine the characteristics …


Ciudad Juarez Exchange Rate Sell-Buy Spreads: 2009-2016, Thomas M. Fullerton Jr., Francisco J. Pallares Aug 2021

Ciudad Juarez Exchange Rate Sell-Buy Spreads: 2009-2016, Thomas M. Fullerton Jr., Francisco J. Pallares

Border Region Modeling Project

Commercial banks and currency kiosk bureaus provide exchange services throughout Ciudad Juarez, Mexico, a large metropolitan economy located on the border with the United States. This study employs newspaper data to examine how the bank and kiosk sell-buy spreads are affected by fluctuations in the total number of northbound border crossers, variations in bilateral peso per dollar exchange rate, and the yield differential between 90- day Certificados de Tesorería (Mexico CETES) and 90-day U.S. Treasury Bills. The sample is comprised of monthly frequency data from January 2009 through June 2016. Parameter estimation is carried out using a GLS ARMAX procedure. …


Small Commercial And Industrial Electricity Consumption In Las Cruces, New Mexico, Andrew Taylor Yurachek Aug 2021

Small Commercial And Industrial Electricity Consumption In Las Cruces, New Mexico, Andrew Taylor Yurachek

Open Access Theses & Dissertations

Research examining small commercial and industrial electricity usage patterns have historically received less attention than residential electricity consumption patterns. This study examines electricity as an input to commercial and industrial production in Las Cruces, New Mexico using annual frequency data from 1978 to 2018. Those data examined include labor, per capita personal income, price measures for electricity and natural gas, and weather variables. The long-run and short-run elasticities of the data are then estimated using an autoregressive distributed lag model (ARDL). In the long run, CIS customers in Las Cruces respond to natural gas a complimentary good, and the derived-demand …


Socioecological Factors And Farmer Perceptions Impacting Pesticide Use And Pollinator Conservation On Cucurbit Farms, Elias H. Bloom, Dana Marie Bauer, Abigail Kaminski, Ian Kaplan, Zsofia Szendrei Aug 2021

Socioecological Factors And Farmer Perceptions Impacting Pesticide Use And Pollinator Conservation On Cucurbit Farms, Elias H. Bloom, Dana Marie Bauer, Abigail Kaminski, Ian Kaplan, Zsofia Szendrei

Economics

While research suggests that pollinator decline is linked with agricultural practices, it is unclear whether farmers share this view and adapt management to promote pollinators based on their understanding of these threats. To address these issues, we surveyed farmers of pollinator-dependent cucurbit crops across four states in the Midwest, USA. We grouped farmers by their perceptions of pollinator declines and routes of pesticide exposure and used statistical models to evaluate if farmers manage pests and pollinators based on these perceptions. Out of 93 completed surveys, 39% of farmers believed pollinators were in decline. When grouped, 17% of farmers were classified …


Jobs For Justice(S): Corruption In The Supreme Court Of India, Madhav S. Aney, Shubhankar Dam, Giovanni Ko Aug 2021

Jobs For Justice(S): Corruption In The Supreme Court Of India, Madhav S. Aney, Shubhankar Dam, Giovanni Ko

Research Collection School Of Economics

We investigate whether judicial decisions are affected by career concerns of judges by analyzing two questions: Do judges respond to incentives to pander by ruling in favor of the government in the hope of receiving jobs after retiring from the Supreme Court? Does the government reward judges who rule in its favor with prestigious jobs? We construct a data set of Supreme Court of India cases involving the government for 1999–2014. We find that incentives to pander have a causal effect on judicial decision-making, and they are jointly determined by the importance of the case and whether the judge retires …


Financing Singapore’S Smes And The Crowdfunding Industry In Singapore, Swee Liang Tan, Yoke Wang Tok, Chansriniyom Thitipat Aug 2021

Financing Singapore’S Smes And The Crowdfunding Industry In Singapore, Swee Liang Tan, Yoke Wang Tok, Chansriniyom Thitipat

Research Collection School Of Economics

As new digital technologies emerge that make the provision of financial services more efficient, they hold the potential to address barriers that SMEs face in accessing credit. This paper finds empirical evidence that crowdfunding for SMEs improved SMEs’ timeliness to pay debt in Singapore. Anecdotal evidence from growing SMEs suggests that getting crowdfunding loans also induced financing from banks, leading to more efficient allocation of credit. In just four years, Singapore’s crowdfunding volume has grown rapidly making it one of the top crowdfunding hubs in Southeast Asia in 2018. The rapid development of Singapore’s crowdfunding industry can be attributed to …


Glivenko-Cantelli Theorems For Integrated Functionals Of Stochastic Processes, Jia Li, Congshan Zhang, Yunxiao Liu Aug 2021

Glivenko-Cantelli Theorems For Integrated Functionals Of Stochastic Processes, Jia Li, Congshan Zhang, Yunxiao Liu

Research Collection School Of Economics

We prove a Glivenko-Cantelli theorem for integrated functionals of latent continuous-time stochastic processes. Based on a bracketing condition via random brackets, the theorem establishes the uniform convergence of a sequence of empirical occupation measures towards the occupation measure induced by underlying processes over large classes of test functions, including indicator functions, bounded monotone functions, Lipschitz-in-parameter functions, and Hölder classes as special cases. The general Glivenko-Cantelli theorem is then applied in more concrete high-frequency statistical settings to establish uniform convergence results for general integrated functionals of the volatility of efficient price and local moments of microstructure noise.


Efficient Estimation Of Integrated Volatility Functionals Under General Volatility Dynamics, Jia Li, Yunxiao Liu Aug 2021

Efficient Estimation Of Integrated Volatility Functionals Under General Volatility Dynamics, Jia Li, Yunxiao Liu

Research Collection School Of Economics

We provide an asymptotic theory for the estimation of a general class of smooth nonlinear integrated volatility functionals. Such functionals are broadly useful for measuring financial risk and estimating economic models using high-frequency transaction data. The theory is valid under general volatility dynamics, which accommodates both Itô semimartingales (e.g., jump-diffusions) and long-memory processes (e.g., fractional Brownian motions). We establish the semiparametric efficiency bound under a nonstandard nonergodic setting with infill asymptotics, and show that the proposed estimator attains this efficiency bound. These results on efficient estimation are further extended to a setting with irregularly sampled data.


Heterogeneity In Individual Expectations, Sentiment, And Constant-Gain Learning, Stephen J. Cole, Fabio Milani Aug 2021

Heterogeneity In Individual Expectations, Sentiment, And Constant-Gain Learning, Stephen J. Cole, Fabio Milani

Economics Faculty Research and Publications

This paper uses adaptive learning to understand the heterogeneity of individual-level expectations. We exploit individual Survey of Professional Forecasters data on output and inflation forecasts. We endow all forecasters with the same information set that they would have as economic agents in a benchmark New Keynesian model. Forecasters are, however, allowed to differ in the constant gain values that they use to update their beliefs and in their sentiments. The latter are defined as the degrees of excess optimism or pessimism about the economy that cannot be justified by the learning model. Our results highlight the heterogeneity in the gain …


Conjectures Of English And Uk Economic Surplus, Investment, Tax Revenues And Deficit Amounts From The 13th To The 19th Century, Thomas E. Lambert Aug 2021

Conjectures Of English And Uk Economic Surplus, Investment, Tax Revenues And Deficit Amounts From The 13th To The 19th Century, Thomas E. Lambert

Faculty and Staff Scholarship

This paper attempts to estimate trends in the levels of economic surplus, public and private investment, and national government surpluses and deficits from accumulated capital income, taxation, and rents estimated by different economic historians for England and the UK. The data support historical accounts that income per capita growth begins to increase around the 1600s in Britain perhaps due to the level of capital, tax, and land income achieving an adequate threshold amount. According to some historians, this would also be about the time of capitalism’s ascent as the dominant economic system in England. Even then, dramatic increases in investment …


Impact Of Dividend Policy On Share Price Volatility: A Comparative Study Of The Manufacturing Companies Listed In Dhaka Stock Exchange., Jakia Sultana Aug 2021

Impact Of Dividend Policy On Share Price Volatility: A Comparative Study Of The Manufacturing Companies Listed In Dhaka Stock Exchange., Jakia Sultana

Open Access Theses & Dissertations

The purpose of this study is to examine the relationship between dividend policy and share price volatility of the manufacturing companies listed on the (DSE) Dhaka Stock Exchange. For this purpose, we select a sample of 35 firms listed in DSE among all the manufacturing sectors for sixteen years (2004-2019). We examine the relationship between share price volatility with two direct measurements of dividend policy (dividend yield and dividend payout) by applying multiple regression for a period of sixteen years from 2004 to 2019. We expand the primary regression model by adding the control variables, including the firm's size, earning …


Penemuan Kembali Arsip Ditinjau Dari Aspek Sistem Sarana Danprasarana Serta Pemberkasan Aktif, Muhammad Rafli Anas Syukron, Retno Wulandari, Wiwiet Mardiyati Jul 2021

Penemuan Kembali Arsip Ditinjau Dari Aspek Sistem Sarana Danprasarana Serta Pemberkasan Aktif, Muhammad Rafli Anas Syukron, Retno Wulandari, Wiwiet Mardiyati

Jurnal Administrasi Bisnis Terapan

The importance of records cannot be overstated for a company or government body,as they can be compared to a critical organ or as the "heart" of the organization or institution, making decisions and as proof that perhaps a rules and regulation or program has been executed. Each agency's active records are, of course, created on a daily basis, when there's no records management, the amount of records will increase and turn into a jumble of paper. The National Archives of Indonesia or ANRI places a high value on record management. In order to establish wellmanaged and ordered documents that make …


Keeping A Clean Reputation: More Evidence On The Perverse Effects Of Disclosure, Cary Deck, J. Dustin Tracy Jul 2021

Keeping A Clean Reputation: More Evidence On The Perverse Effects Of Disclosure, Cary Deck, J. Dustin Tracy

ESI Working Papers

When a principal relies on an agent, a conflict of interest can encourage the agent to provide biased advice. Conventional wisdom suggests that such behavior can be reduced through disclosure requirements. However, disclosure has been shown to exacerbate self-serving bias and can actually lead to greater harm for the principal in one-shot interactions. But in many naturally occurring settings, agents form reputations, a mechanism that could diminish the incentive to provide biased advice. We test for bias in the advice agents provide when faced with reputation concerns, and examine the impact of disclosure in such an environment. In controlled laboratory …


On Guessing: An Alternative Adjusted Positive Learning Estimator And Comparing Probability Misspecification With Monte Carlo Simulations, Ben O. Smith, Dustin R. White Jul 2021

On Guessing: An Alternative Adjusted Positive Learning Estimator And Comparing Probability Misspecification With Monte Carlo Simulations, Ben O. Smith, Dustin R. White

Economics Faculty Publications

Practitioners in the sciences have used the “flow” of knowledge (post-test score minus pre-test score) to measure learning in the classroom for the past 50 years. Walstad and Wagner, and Smith and Wagner moved this practice forward by disaggregating the flow of knowledge and accounting for student guessing. These estimates are sensitive to misspecification of the probability of guessing correct. This work provides guidance to practitioners and researchers facing this problem. We introduce a transformed measure of true positive learning that under some knowable conditions performs better when students’ ability to guess correctly is misspecified and converges to Hake’s normalized …


Predicting Financial Failure Using The Financial Indicators "An Empirical Study On The Services Sector Companies Listed On The Palestine Stock Exchange", Dr. Khaled Hasan Zubdeh Jul 2021

Predicting Financial Failure Using The Financial Indicators "An Empirical Study On The Services Sector Companies Listed On The Palestine Stock Exchange", Dr. Khaled Hasan Zubdeh

Journal of the Arab American University مجلة الجامعة العربية الامريكية للبحوث

The objective of this study was to examine the predictability of companies' failures by developing a mathematical model consisting of a set of financial ratios. In order to reach precise scientific results, the statistical analysis (SPSS) program was used and the financial data of the companies were subjected to multiple discrimination analysis for the fiscal years 2010-2017. The study was applied to the companies of the services sector listed on the Palestine Stock Exchange, that are ten companies out of 48 public companies listed on the Palestine Stock Exchange in all sectors. The researcher reached to a mathematical model consisting …


Addressing Diabetes Distress In Self-Management Programs: Results Of A Randomized Feasibility Study, Ranjita Misra, Samantha Shawley-Brzoska, Raihan Khan, Brenna O. Kirk, Sijin Wen, Usha Sambamoorthi Jul 2021

Addressing Diabetes Distress In Self-Management Programs: Results Of A Randomized Feasibility Study, Ranjita Misra, Samantha Shawley-Brzoska, Raihan Khan, Brenna O. Kirk, Sijin Wen, Usha Sambamoorthi

Journal of Appalachian Health

Background: West Virginia ranks 1st nationally in the prevalence of hypertension (HTN; 43.8%) and diabetes (16.2%). Patients with type 2 diabetes mellitus (T2DM) are distressed over physical and psychological burden of disease self-management.

Methods: This study investigated the effectiveness of an intervention to reduce diabetes distress and outcomes [glycemic control, blood pressure (BP)] among T2DM adults with comorbid HTN. Participants were randomized to a 12-week diabetes and hypertension self-management program versus a 3-month wait-listed control group. Trained health coaches and experts implemented the lifestyle program in a faith-based setting using an adapted evidence-based curriculum. Twenty adults with T2DM and HTN …


Establishing Peer Recovery Support Services To Address The Central Appalachian Opioid Epidemic: The West Virginia Peers Enhancing Education, Recovery, And Survival (Wv Peers) Pilot Program, Stephen M. Davis, Amanda Stover, Herb Linn, Jon Dower, Dan Mccawley, Erin Winstanley, Judith Feinberg Jul 2021

Establishing Peer Recovery Support Services To Address The Central Appalachian Opioid Epidemic: The West Virginia Peers Enhancing Education, Recovery, And Survival (Wv Peers) Pilot Program, Stephen M. Davis, Amanda Stover, Herb Linn, Jon Dower, Dan Mccawley, Erin Winstanley, Judith Feinberg

Journal of Appalachian Health

Introduction: Central Appalachia has been disproportionately affected by the opioid epidemic and overdose fatalities. We developed West Virginia Peers Enhancing Education, Recovery, and Survival (WV PEERS), a program based on peer recovery support, to engage individuals using opioids and link them with a range of services.

Methods: Community partners providing services to individuals with opioid use disorder (OUD) were identified and collaborations were formalized using a standardized memorandum of understanding. The program was structured to offer ongoing peer recovery support specialist (PRSS) services, not just a one-time referral. A website and cards describing the WV PEERS program were developed and …


Islamic Bank Amid The 2008 Global Financial Crisis: A Bibliometric Analysis, Maulidar -. Agustina Ms., M. Shabri -. Abd. Majid Prof. Dr., Hafasnuddin -. Hafasnuddin Dr. Jul 2021

Islamic Bank Amid The 2008 Global Financial Crisis: A Bibliometric Analysis, Maulidar -. Agustina Ms., M. Shabri -. Abd. Majid Prof. Dr., Hafasnuddin -. Hafasnuddin Dr.

Library Philosophy and Practice (e-journal)

This study aims to provide a bibliometric and science mapping analysis on the research area of Islamic banks and the 2008 global financial crisis published in the Scopus indexed database over the 2008-2021 period. The study used the VOSviewer software and MS Excel spreadsheet for data analysis. The study identified an increasing trend in publication on the topic. The study found that Alqahtani was the most productive author, while Bourkhis and Nabi were the highly cited authors. The authors from Malaysia were the productive publication, while the Journal of Islamic and Middle Eastern Finance and Management was found to be …


Using Excel To Teach Principles Of Microeconomics, Humberto Barreto Jul 2021

Using Excel To Teach Principles Of Microeconomics, Humberto Barreto

School of Business and Leadership Working Papers

This guide illustrates how to integrate Microsoft Excel into introductory microeconomics courses. It covers supply and demand, elasticity, and consumer surplus using dynamic spreadsheets.


Three Essays On Causal Inference With Model Averaging, Guanyu Liu Jul 2021

Three Essays On Causal Inference With Model Averaging, Guanyu Liu

Dissertations - ALL

This dissertation contains essays on causal inference with model averaging. The first essay presents a theoretical derivation of a model-averaging-based average treatment effect estimator. The second essay provides comparison of predictability of treated counterfactual outcome between model averaging and other methods. The third essay is an empirical study evaluating the economic impact of Ukraine's 2013 conflict.

The first essay constructs a new average treatment effect estimator based on model averaging in a panel data setting. The estimator is shown to be asymptotically unbiased and consistent. Its asymptotic distribution is derived, which turns out to be non-normal and non- standard. A …


Long Term Effects Of Cash Transfer Programs In Colombia, Orazio Attanasio, Lina Cardona-Sosa, Carlos Medina, Costas Meghir, Christian Posso Jul 2021

Long Term Effects Of Cash Transfer Programs In Colombia, Orazio Attanasio, Lina Cardona-Sosa, Carlos Medina, Costas Meghir, Christian Posso

Cowles Foundation Discussion Papers

Conditional Cash transfer (CCT) programs have been shown to have positive effects on a variety of outcomes including education, consumption and health visits, amongst others. We estimate the long-run impacts of the urban version of Familias en Acción, the Colombian CCT program on crime, teenage pregnancy, high school dropout and college enrollment using a Regression Discontinuity design on administrative data. ITT estimates show a reduction on arrest rates of 2.7pp for men and a reduction on teenage pregnancy of 2.3pp for women. High school dropout rates were reduced by 5.8pp and college enrollment was increased by 1.7pp for men.