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Three Essays On The Interaction Between Macroeconomics, Money, And Government Bonds, Zejun Jiang

Graduate Theses, Dissertations, and Problem Reports (ETD)

This dissertation, ''Essays on the Interaction between Macroeconomics, Money, and Government Bonds,” has three chapters that study how macroeconomics (e.g., inflation), government bonds, and money interact with each other. It provides insights into how households make optimal maturity choices in government bonds, how households own different types of government bond assets, and how money growth can help understand the cross-country inflation after COVID-19.

The first chapter develops an intertemporal portfolio choice model to investigate the optimal household portfolio choice for government bonds across maturities. The U.S. Treasury data displays a higher holding share of long-term government bonds. Adding uncertain labor …

Three Essays On The Socioeconomics Of Drinking Water Pfas Contamination, Nabin Babu Khanal

Graduate Theses, Dissertations, and Problem Reports (ETD)

Per- and polyfluoroalkyl substances (PFAS) are a group of over 15,000 synthetic compounds widely used for their resistance to heat, stains, grease, and water. While central to many modern conveniences, ingestion of PFAS is increasingly linked to adverse human health outcomes and are now detected globally in drinking water systems. This dissertation investigates three interrelated aspects of PFAS contamination in U.S. drinking water: (1) socioeconomic determinants and spatial patterns of contamination; (2) the economic impacts of contamination on residential property values; and (3) the effect of inconsistent PFAS regulations on public trust in environmental governance.

Using data from the U.S. …

Road To Progress Or Bumpy Detour? Jeepney Drivers’ Lived Experiences Amidst Ongoing Phaseout, Reignchielle Jcynd D. Lacsina, Ivan Karlo S. Pating, Marjorie L. Paloma, Joy F. Galleon

Sinaya: A Philippine Journal for Senior High School Teachers and Students

This study utilizes a phenomenological research design to explore the lived experiences of jeepney drivers amidst the ongoing government’s initiative to phase out and modernize traditional jeepneys in the Philippines. It focused on six jeepney drivers operating in the Tarlac public transportation system, selected based on specific inclusion criteria. The Theory of Change was used to delve deeper into the findings, revealing that the government's initiatives have challenged the stability of jeepney drivers’ livelihood during the modernization transition. Their lives were in jeopardy due to this abrupt transformation. It left them powerless to adapt to the changes or boycott. The …

Behavioral Accounting As A Catalyst In The Organizational Transformation Process Toward Sustainability, Ni Wayan Yellow Prinsis Dayani, I Gusti Ayu Nyoman Budiasih

Jurnal Akuntansi dan Keuangan Indonesia

This research investigates the role of behavioral accounting as a catalyst in the organizational transformation process towards sustainability using phenomenological methods. The study aims to explore how behavioral accounting identifies individual behavioral factors, designs efficient sustainability systems, and enhances organizational commitment to sustainable practices. The research employs observation, secondary data analysis, and semi-structured interviews with organizational internal team, analyzed through Interpretative Phenomenological Analysis (IPA). Findings indicate that behavioral accounting contributes to organizational sustainability by enhancing transparency in accounting information, thereby minimizing the risk of fund misuse and ensuring efficient resource allocation. This research supports behavioral accounting as pivotal in shaping …

Neoliberalism, Neofeudalism, And Precarity: A Response To Albena Azmanova And Jodi Dean, Panos Tsoukalis

Emancipations: A Journal of Critical Social Analysis

This is a response to the articles of Albena Azmanova and Jodi Dean included in this issue, exploring the intersections and divergences in their analyses of contemporary capitalism. I argue that the lens of neofeudalism that Jodi Dean invites us to entertain can offer a different explanation of Albena Azmanova’s diagnosis of contemporary capitalism. Notably, I propose that capitalism’s neofeudalising tendencies contribute to the rise of inequality, the decline of class politics, and the increase of monopoly power. Contrary to Jodi Dean though, I will claim that there were two crucial transformations of contemporary capitalism that spearheaded the emergence of …

Equations To Predict Carbon Monoxide Emissions From Amazon Rainforest Fires, Sarah M. Gallup, Bonne Ford, Stijn Naus, John L. Gallup, Jeffrey R. Pierce

Economics Faculty Publications and Presentations

Earth systems models (ESMs), which can simulate the complex feedbacks between climate and fires, struggle to predict fires well for tropical rainforests. This study provides equations that predict historic carbon monoxide emissions from Amazon rainforest fires for 2003–2018, which could be implemented within ESMs’ current structures. We also include equations to convert the predicted emissions to burned area. Regressions of varying mathematical forms are fitted to one or both of two fire CO emission inventories. Equation accuracy is scored on r², bias of the mean prediction, and ratio of explained variances. We find that one equation is best …

External Financing, Governance, And Infrastructure Development: Evidence From Sub-Saharan Africa, Afees Oluwashina Noah, Oladipo Olalekan David

CSID Journal of Infrastructure Development

Infrastructure development in Sub-Saharan Africa (SSA) requires diversified financing strategies to address a significant funding shortfall that cannot be met by domestic resources alone. This research evaluates the contributions of external financing—namely Official Development Assistance (ODA), Foreign Direct Investment (FDI), and Private Participation in Infrastructure (PPI)—in complementing domestic efforts to advance infrastructure in SSA. It examines their influence, alongside governance, on the development of physical and social infrastructure components. Employing methodologies such as Panel-Corrected Standard Errors (PCSE) and System Generalized Method of Moments (SGMM) across 43 SSA economies from 2000 to 2022, the analysis reveals that FDI substantially enhances physical …

Effects Of Monetary Policy On Economic Growth: Evidence From Some Developing And Developed Economies, Collins Anosike

Journal of Global Awareness

The study examined the effects of monetary policy on the economic growth of some developing and developed economies. This study selected 33 countries grouped into 11 each as first-group, second-group, and third-group countries and showed how monetary policy has influenced their economic growth in the past 40 years, capturing the economic growth performances before and after the global financial crisis. This study is unique because it captures a broader range of countries compared to previous studies, uses updated data, and shows how monetary policy is transmitted through bank lending and financial intermediation. Furthermore, we use panel data and employ fixed …

The Mediation Of Financial Behavior To Financial Literacy And Spending Habits Of Gen Z: An Exploratory Factor Analysis, Joel Mark Rodriguez, Del Carmen Labong, Lourdes Palallos

Journal of Global Awareness

The study aims to explain the relationship of financial literacy with spending habits and behavior. Financial behavior is a mediator of Generation Z. Financial literacy is a very important dimension in making financial decisions, and this research highlighted the direct and indirect impacts that financial literacy exerts on spending behavior. Data is collected from 317 respondents using a structured questionnaire measuring financial literacy, financial behavior, and spending behavior. Correlation, regression, mediation analysis, and Structural Equation Modeling have been used in evaluating these relationships. Financial literacy directly reflects a strong relationship with spending behavior, and its coefficient is 1.167. Financial behavior, …

A Comprehensive Usability And Economic Analysis Of Heat-Related Wearable Technologies: Applications To Occupational Health, Ryan T. Cannady

Theses & Dissertations

The purpose of this research was to analyze the usability and economic considerations of real-time wearable technologies that are implemented in occupational settings to assess risk of heat stress and heat strain. The study population included current agriculture workers and Department of Energy (DOE), Environmental Management (EM) contractors. We employed a mixed-methods approach to comprehensively analyze the usability and economic considerations of heat-related technologies. Specifically, our approach assessed three distinct aspects the applications of these technologies in occupational settings to comprehensively address our research objective: (1) worker perceptions of heat-related wearable technologies, (2) field-based assessment of these heat-related wearable technologies, …

An Assessment Of Macroeconomic Effects Of Financial Liberalization In Tanzania: 1990-2022, Cornel Joseph

Journal of Humanities and Social Sciences

This study provides a comprehensive analysis of the effects of financial liberalization on key macroeconomic indicators in Tanzania, specifically focusing on savings, investment, and economic growth. Utilizing extensive annual time series data from 1990 to 2022, the research employs the Autoregressive Distributed Lag (ARDL) method and incorporates bound testing procedures to ensure robust results. The analysis reveals several significant findings: financial liberalization has a positive impact on savings and promotes economic growth in the long-run, demonstrating its role as a catalyst for economic advancement in Tanzania. However, the study also uncovers a concerning trend: while savings and growth benefit from …

Lessons Learned: Calvin Mitchell Iii, Mercedes Cardona

Journal of Financial Crises

Calvin Mitchell III served as executive vice president of the communications group within the executive office of the Federal Reserve Bank of New York (FRBNY) during the Global Financial Crisis. In 2008, Mitchell was tapped by Timothy Geithner, who was then FRBNY president, to head a new group charged with expanding the communications and community affairs functions. Mitchell left the FRBNY in 2009 for the private sector and returned to government in 2021 as assistant secretary for public affairs in the US Treasury Department.

International Monetary Fund: Special Drawing Rights Allocations, 2009, Ikbal S. Ahluwalia, Owen Heaphy, Rosalind Z. Wiggins

Journal of Financial Crises

Despite efforts by the world’s major economies to address stresses in the global financial system, by early 2009, the Global Financial Crisis caused developing and lower-income countries to experience shortages of the major reserve currencies. In August 2009, the International Monetary Fund (IMF) distributed a general allocation of Special Drawing Rights (SDR) of unprecedented size—totaling USD 250 billion (SDR 161.3 billion)—to all member countries in an effort to address these issues and provide liquidity to the world’s economies. In September 2009, it also distributed a special “catch-up” allocation of USD 33 billion in SDRs (SDR 21.5 billion) to eligible members …

International Monetary Fund: Short-Term Liquidity Line, 2020, Carey K. Mott, Léo Brougher

Journal of Financial Crises

As the COVID-19 pandemic spread in March 2020, global financial conditions tightened considerably. In response, global reserve currency-issuing countries extended bilateral swap lines to select countries. Strong demand for US dollar liquidity among emerging markets led the International Monetary Fund (IMF) to introduce the Short-Term Liquidity Line (SLL) on April 15, 2020. The SLL functioned as a swap lending facility. Unlike other IMF liquidity tools, the SLL was a revolving credit line that allowed countries to repeatedly draw funds and make repayments, with each repayment restoring access up to the approved limit across SLL arrangements. Its purpose was to enable …

Partisan Rhetoric And Polarization: The Year In C-Span Archives Research, Volume 10

The Year in C-SPAN Archives Research

Partisan Rhetoric and Polarization: The Year in C-SPAN Archives Research, Volume 10 features chapters written from a variety of perspectives that address divisions in American politics. The topics range widely, including TikTok, abortion, the middle class, the January 6 riot, and partisan rhetoric in Congress. The unifying theme of the volume is that each author uses C-SPAN videos to examine how members of Congress and other elites speak and act on these issues. Two other thoughtful pieces examine Supreme Court justices speaking off the bench and emotional reactions in presidential debates. Partisan Rhetoric and Polarization provides context to understand how …

Protection Of Trade Secrets In Global Markets And International Business: Implications For Labor Relations, Oleg M. Yaroshenko, Oleksii Tykhonovych, Yaroslav Kostohryz, Yuliia Ivchuk, Dmytro Sirokha

Markets, Globalization & Development Review

Against the background of globalization and the constant evolution of economic relations, the protection of trade secrets in labor relations becomes a necessity to ensure the sustainable competitiveness of enterprises in the international market. This article analyzes the multifaceted dimensions of trade secret protection, covering global business strategies, intercultural labor practices, international economic relations, and public policy fundamentals. Through the analysis of international agreements such as the TRIPS Agreement and the European Union Directive on Non-Competition Provisions, the article explores how various legal systems address trade secrets in labor relations, emphasizing the need for global harmonization. It also considers cultural …

Potential Impact Of Artificial Intelligence On Small And Medium Enterprises Innovation In The Eu: A Perspective From Poland, Malgorzata Wilczynska, Alina Walenia, Artur Dabek, Daniel Salabura, Halina Kot

Markets, Globalization & Development Review

The development of small and medium-sized enterprises is a complex process that requires the use of all approaches to achieve success. In this regard, finding opportunities to use artificial intelligence in such companies is of great importance. The study aims to assess how this technology affects the innovation and financial performance of small and medium-sized enterprises. To draw the main conclusions, the implementation of artificial intelligence at Polish enterprises, including in the context of their financial performance, namely the level of return on assets and the level of debt, was analysed. The study showed that the introduction of artificial intelligence …

Histomorphometric Assessment Of Vibrational Forces On The Extended Midpalatal Suture, Aylin Pasaoglu Bozkurt, Özge Özdal Zincir, Asli Emincik

Journal of Dentistry Indonesia

Objective: This study determined the effects of vibrational forces on bone formation in the retention period of an expanded mid-palatal, histomorphometric suture in a rat model. Methods: Twenty-four 7–8- to 8-week-old male Wistar rats weighing 190.25 ± 15.35 g were separated into groups: only expansion (G1), expansion and 30 Hz vibration application (G2), and expansion and 111 Hz vibration application (G3). After 5 days of expansion, there were 12 days of retention. All animals were sacrificed, and their premaxilla were dissected. A histological examination evaluated the number of osteoblasts, osteoclasts, and capillaries, the amount of mineralized area, and …

Leadership Awakening: Shifting Towards Eco-Consciousness Through Psychedelics, Ladana Edwards

Journal of Conscious Evolution

Corporate leaders, wielding influence and decision-making power over world resources and capital, are key drivers of systemic change to address current social, economic, and ecological crises. To address the myriad complex and interdependent crises, a transformative shift in consciousness is required in leaders and leadership teams, from ego-consciousness towards eco-consciousness, which can be supported through psychedelic experiences. Shifting towards eco-consciousness can facilitate holistic decision making and an expanded sense of leadership responsibility to the planet and all its inhabitants—ultimately supporting the creation of healthier eco-nomics in our Earth community.

Shifts towards leadership eco-consciousness have the potential to open up space …

Inference For Regression With Variables Generated By Ai Or Machine Learning, Laura Battaglia, Timothy Christensen, Stephen Hansen, Szymon Sacher

Cowles Foundation Discussion Papers

It has become common practice for researchers to use AI-powered information retrieval algorithms or other machine learning methods to estimate variables of economic interest, then use these estimates as covariates in a regression model. We show both theoretically and empirically that naively treating AI- and ML-generated variables as “data” leads to biased estimates and invalid inference. We propose two methods to correct bias and perform valid inference: (i) an explicit bias correction with bias-corrected confidence intervals, and (ii) joint maximum likelihood estimation of the regression model and the variables of interest. Through several applications, we demonstrate that the common approach …

The Cost Of Happiness: The Implications Of Utilitarianism On Economics, Adam Opp

Liberty University Journal of Statesmanship & Public Policy

Bentham and Mill proposed the utilitarian theory, which has moral and economic applications. Bentham and Mill differed slightly in their ideologies, as Mill critiqued Bentham and argued that man is in a separate category from beasts. To assess this, one must study human nature and if man really is different from the beasts. To this end, utilitarianism will be discussed, but also Aristotle’s discussion on virtue, the magnanimous man, and generosity. The next critical area to discuss is what differentiates humans from beasts, and if humans are distinct. Several characteristics that differentiate men from beasts include mental, psychological, moral, and …

Distributional Impacts Of The Changing Retail Landscape, Yue Cao, Judith A. Chevalier, Jessie Handbury, Hayden Parsley, Kevin R. Williams

Cowles Foundation Discussion Papers

A common tactic to estimate willingness-to-travel exploits variation in the relative proximity of consumers to supplier locations. The validity of these estimates relies on the exogeneity of that consumer-supplier distance. We argue that distance to suppliers is endogenous because suppliers strategically choose locations to target consumers; we introduce a novel instrument to address this form of endogeneity. Using geolocation data from millions of smartphones, we estimate consumer preferences for specific retail chains across income groups and regions. We show that accounting for distance endogeneity significantly alters willingness-to-travel measures. Contrary to the prevailing “retail apocalypse” narrative, we find that consumer surplus …

If You Teach A Bot To Read: Using Machine Learning To Read The Paris Census, Jacob Leavitt

FHSS Mentored Research Conference

Digitizing 20th-century French census records offers a valuable resource for understanding demographic shifts during significant historical events such as the Thirty Years Crisis and the Industrial Revolution. These records provide insights into the migration patterns of Jewish populations during WWII, revealing how the war impacted Jewish communities and broader population movements. Additionally, they help researchers analyze the transformation of Paris’s neighborhoods over time, examining development and decline. To digitize these records with deep learning models, researchers face the challenge of developing a dataset that allows machine reading of handwritten French census entries. Traditionally, this would require extensive manual labeling of …

Estimating Medium-Term Regional Monthly Economic Activity Reductions During The Covid-19 Pandemic Using Nighttime Light Data, Ma Flordeliza P. Del Castillo, Toshio Fujimi, Hirokazu Tatano

SOSE Affiliate: Manila Observatory

Economic impact estimates of the initial lockdowns due to the COVID-19 pandemic showed a significant reduction in economic activities globally. However, the succeeding impacts and their spatiotemporal distribution within countries remain unknown. Studies showed that nighttime light data (NTL) has effectively revealed the spatiotemporal dimensions of the economic effects of COVID-19. Thus, this study used NTL data to determine the medium-term regional monthly economic impacts of the pandemic in the Philippines in terms of the Economic Activity Reduction (EAR) index. We generated a spatial error model, regressing pre-pandemic NTL on mean temperature, maximum rainfall, and built-up area. This model explained …

(Wp 2024-05) Emerging Engagement Between Philosophy And Philosophy Of Economics: Parfit, Simon, And Sen, John B. Davis

Economics Working Papers

This paper investigates philosophy’s engagement with one social science, economics, via the philosophy of economics. It first distinguishes mainstream philosophy of economics and heterodox/non-mainstream philosophy of economics, and then argues that the latter’s increasing recourse to analytical reasoning in philosophy to advance its critiques of mainstream economics points toward a new engagement between philosophy of economics and philosophy. To provide grounds for this argument, the paper discusses shared thinking of three key figures: philosophy’s Derek Parfit and from economics Herbert Simon and Amartya Sen. It argues their respective critiques of dominant ideas in their fields reflect a little discussed convergence …

Intellectual Property, Global Inequality, And Subnational Policy Variations, Peter K. Yu

Faculty Scholarship

This chapter criticizes the oversimplification of the binary North–South debate on intellectual property, innovation, and global inequality and highlights the wide geographic, sectoral, and income inequalities within middle-income countries. It begins by explaining why the arrival of these countries has called into question the North–South debate. The chapter then moves from the widely studied subject of global inequality to the underexplored topic of national inequality. Focusing on the intellectual property context, the discussion highlights the considerable subnational variations in the economic and technological conditions of middle-income countries. To combat national inequality, this chapter concludes by recommending interventions in three areas: …

Estimating The Effect Of Residential Sales Prices On Building Permits, Emilio Becerra

All Theses

This paper addresses home sales prices’ impact on residential building permit authorization in South Carolina’s Greenville and Richland counties amid the COVID-19 pandemic. The estimation uses a comprehensive data set of the housing markets in both counties for 2016 to 2022, incorporating 88,098 home sales. The analysis exploits the variation in sales prices of homes to analyze the sensitivity in the supply of permits to builders through an instrumental variables approach. Using two instruments, violent crimes and household income, the effect of sales prices on the supply of building permits is positive and statistically significant. Included in the first-stage regression …

Aggregate And Disaggregate Effects Of The Us-China Trade War On Us Agriculture, Aflatun Kaeser

All Graduate Theses and Dissertations, Fall 2023 to Present

In 2018 and 2019, the US-China trade war caused a significant shift in US agricultural trade dynamics. This thesis conducts an aggregate and disaggregate analysis of the impact, using event study analysis to reveal varying effects on US agricultural exports, with a substantial effect on Soybean and Dairy exports. The analysis also found that there are heterogeneous effects on other agricultural commodities such as fruits, wheat, and tree nuts. Using Bayesian Structural Time Series Modeling, the study finds a 29% decline in soybean exports during the trade war period. These findings underscore the importance of considering the heterogeneity in the …

Financial Risk In A Changing Climate, Mashuk S. Rahman

LSU New Orleans Theses and Dissertations

Essay 1:

Given the missing-not-at-random (MNAR) nature of carbon emissions figures under the voluntary disclosure regulator environment, this research imputes synthetic emissions figures for both disclosing and non-disclosing publicly traded US firms, using an IV approach adapted for sample bias correction. The forward-observing implied cost of equity capital measure is consistently higher for carbon-intensive firms regardless of disclosure decision. This higher cost found in the large swath of high-emitting firms reduces the net present value of green transition investments, thus fueling existing research on the counterproductive natures of capital allocation in efforts to reduce corporate pollution. Contrary to emerging research, …

Practice Unveils Weaknesses: Analysing The Implementation Of Regulations On Seafarers’ Work/Rest Hours, Bikram S. Bhatia

World Maritime University Ph.D. Dissertations

Seafarers’ fatigue risk management is rooted in regulations on manning and work/rest hours. These regulations establish a minimum fatigue management standard achieved through work/rest hours compliance. Seafarers must maintain daily records of their work/rest hours and report any non-compliance to their company. However, adjustments to these records have been reported in the literature. Such malpractice obscures instances of non- compliance and hinders the feedback necessary for resolving these issues, including flag State review and amendments to minimum safe manning documents. It compromises the integrity of fatigue risk management and underscores the need for further research.

This study examined the implementation …