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Factors Influencing Household Adoption Of Rooftop Solar Power In The Philippines: An Empirical Analysis Using The Contingent Valuation Method, Rosalina Palanca-Tan

Economics Department Faculty Publications

The Philippines possesses significant solar energy potential, yet the adoption of rooftop solar power (RTSP) among households remains limited despite its benefits in reducing electricity costs and contributing to the clean energy transition. This study investigates the determinants influencing households’ willingness to adopt RTSP in Metro Manila and surrounding provinces, utilizing the contingent valuation method. Survey results indicate that economic factors, particularly the potential for electricity bill reduction, along with environmental considerations, are positively associated with adoption intentions. While a substantial portion of households (82%) expressed some level of intention to adopt RTSP, the figure drops to 20% when focusing …

Physical Decline Rates: Men Versus Women, Ray C. Fair

Cowles Foundation Discussion Papers

This paper uses world records by age in running, swimming, and rowing to estimate a biological frontier of decline rates for both men and women. Decline rates are assumed to be linear in percent terms up to a certain age and then quadratic after that, where the transition age is estimated. The use of world records avoids the possible problem of survivor bias in a sample. The decline rates are smallest for rowing, followed by swimming and then running. Decline rates for women are roughly the same as those for men for the swimming events. They are slightly larger for …

(Trade) War And Peace: How To Impose International Trade Sanctions, Gustavo De Souza, Naiyuan Hu, Haishi Li, Yuan Mei

Research Collection School Of Economics

What is the most cost-efficient way to impose trade sanctions against Russia? We build a quantitative model of international trade with input–output connections. Sanctioning countries choose import tariffs to simultaneously maximize their income and minimize Russia's income, with different weights placed on these objectives. We find, first, that for countries with low willingness to pay for sanctions against Russia, the most cost-efficient sanction is an approximately 20% tariff on all Russian products. Second, if countries are willing to pay at least US$0.70 for each US$1 drop in Russian welfare, an embargo on Russia's mining and energy products is the most …

Family Size And Child Migration: Do Daughters Face Greater Trade-Offs Than Sons?, Christine Ho, Yutao Wang, Sharon Xuejing Zuo

Research Collection School Of Economics

We show that, conditional on family size, rural boys and girls are equally likely to migrate with parents in China. Nevertheless, daughters’ migration may still be compromised because they tend to have more siblings in societies with strong son preference, and larger families are more likely to leave all children behind. We find that a one unit increase in sibship size decreases the probability that a daughter migrates by 12.5 percentage points—with stronger effects when migration restrictions are more stringent—but has negligible effects on sons. The results suggest that gender-neutral migration constraints may generate gendered family size trade-offs.

Financial Crises, Bailouts And Monetary Policy In Open Economies, Yang Jiao

Research Collection School Of Economics

I jointly study the optimal bailout policy and monetary policy in open economies that borrow in foreign currency from international lenders. A policy dilemma emerges during financial crises. Policymakers trade off the benefit of more bailouts alleviating firms’ financial constraints against the cost of larger currency devaluation, which tightens firms’ financial constraints. I embed the optimal bailout in an otherwise standard “sudden stop” model with nominal rigidities. The model sheds light on the role of bailouts and currency mismatch in driving the exchange rate dynamics, firms’ balance sheets and economic recovery. Quantitatively, the model matches key business cycle moments. A …

Quantifying Delay Propagation In Airline Networks, Liyu Dou, Jakub Kastl, John Lazarev

Research Collection School Of Economics

We develop a framework for quantifying delay propagation in airline networks by integrating structural modeling and machine learning methods to estimate causal effects. Using a comprehensive dataset on actual delays and a model-selection algorithm (elastic net), we estimate a weighted directed graph of delay propagation for each major airline in the United States and establish conditions under which the propagation coefficients are causal. These estimates enable a decomposition of airline performance into "luck" and "ability." Our findings indicate that luck accounts for approximately 38% of the performance difference between Delta and American Airlines in our data. Additionally, we leverage these …

Recruitment Of Cxcr4+Type 1 Innate Lymphoid Cells Distinguishes Sarcoidosis From Other Skin Granulomatous Diseases, S. Sati, J. Huang, A.E. Kersh, P. Jones, O. Ahart, C. Murphy, S.M. Prouty, M.L. Hedberg, V. Jain, S.G. Gregory, Leung, Denis H. Y., J.T. Seykora, M. Rosenbach, T.H. Leung

Research Collection School Of Economics

Sarcoidosis is a multiorgan granulomatous disease that lacks diagnostic biomarkers and targeted treatments. Using blood and skin from patients with sarcoid and non-sarcoid skin granulomas, we discovered that skin granulomas from different diseases exhibit unique immune cell recruitment and molecular signatures. Sarcoid skin granulomas were specifically enriched for type 1 innate lymphoid cells (ILC1s) and B cells and exhibited molecular programs associated with formation of mature tertiary lymphoid structures (TLSs), including increased CXCL12/CXCR4 signaling. Lung sarcoidosis granulomas also displayed similar immune cell recruitment. Thus, granuloma formation was not a generic molecular response. In addition to tissue-specific effects, patients with sarcoidosis …

Recruitment Of Cxcr4+ Type 1 Innate Lymphoid Cells Distinguishes Sarcoidosis From Other Skin Granulomatous Diseases, Satish Sati, Jianhe Huang, Anna E. Kersh, Parker Jones, Olivia Ahart, Christina Murphy, Stephen M. Prouty, Matthew L. Hedberg, Vaibhav Jain, Simon G. Gregory, Leung, Denis H. Y., John T. Seykora, Misha Rosenbach, Thomas H. Leung

Research Collection School Of Economics

Sarcoidosis is a multiorgan granulomatous disease that lacks diagnostic biomarkers and targeted treatments. Using blood and skin from patients with sarcoid and non-sarcoid skin granulomas, we discovered that skin granulomas from different diseases exhibit unique immune cell recruitment and molecular signatures. Sarcoid skin granulomas were specifically enriched for type 1 innate lymphoid cells (ILC1s) and B cells and exhibited molecular programs associated with formation of mature tertiary lymphoid structures (TLSs), including increased CXCL12/CXCR4 signaling. Lung sarcoidosis granulomas also displayed similar immune cell recruitment. Thus, granuloma formation was not a generic molecular response. In addition to tissue-specific effects, patients with sarcoidosis …

Essays In Machine Learning, Econometrics, And Computational Economics, Lulu Wang

Dissertations, Theses, and Capstone Projects

Chapter 1 Data-Driven Graph Neural Networks And Realized Volatility Prediction through Graph Discovery: Financial markets’ interconnectedness plays a crucial role in financial predictions. However, existing network structures often fall short in aligning with specific prediction tasks. This paper presents a novel model that integrates graph discovery techniques with Graph Neural Networks (GNNs) to address this challenge, focusing on short-term intraday realized volatility prediction. Our investigation from a graph theory perspective reveals that precision-based graph discovery methods substantially enhance GNNs accuracy by generating meaningful graphs and node embeddings. In contrast, conventional covariance-based approaches exhibit limited effectiveness due to their consideration of …

Oer Textbook Review For Economics - Principles Of Economics, Openstax, Chiara Yates M.B.E.

Open Educational Resources Publications

Chiara Yates, an Adjunct Lecturer of Economics at Bentley University, reviews the OpenStax textbook "Principles of Economics, 3rd edition" in this comprehensive evaluation. The review assesses the textbook's comprehensiveness, accuracy, relevance, clarity, structure, and digital interface. The reviewer finds the textbook to be a valuable resource for introductory economics courses, praising its comprehensive coverage, clear explanations, and engaging features. The textbook is praised for having regular updates, user-friendly digital platform, and additional resources for educators. While highlighting its strengths, Yates also suggests areas for improvement, such as including more content on emerging economic issues like digital currencies.

A Study On The Impact Of Financial Incentives And Work Environment On Employee Motivation To Work: A Case Study Of Employees Of Paradise Estate Management Company, Okoye Shedrach Obumneme, Farha Ghapar

International Journal of Management, Finance and Accounting

The study aims to investigate the impact of financial incentives and workplace environment on employee work motivation. Individually, the study examines the impact of work allowances, employee wages, organisational culture, and internal communication on employee motivation to work in an organisation. The research employed a survey research design. The population of the study focused on the employees of Paradise Estate Management Company. A total of 79 respondents were selected from a pool of 120 employees in the organisation. The questionnaires were administered and distributed to respondents through Google Form. Multiple regression analysis was adopted to test the different hypotheses. The …

The Mediating Effect Of Job Satisfaction Between Organizational Learning And Job Performance, Alaa S. Jameel

International Journal of Management, Finance and Accounting

This study aims to find the impact of organizational learning on job performance among preparatory school teachers through the mediator role of job satisfaction. A survey was conducted at six preparatory schools in Heet City, Iraq. The study employed stratified random sampling to ensure a fair representation of samples from all six schools, and a questionnaire was used to collect the data. The results from 183 valid questionnaires were analyzed using Smart-PLS, indicating that organizational learning positively and significantly impacted a teacher’s performance. Moreover, job satisfaction also showed a significant positive effect on job performance. Additionally, organizational learning has a …

Factors Influencing Non-Performing Loans Between Islamic And Conventional Banks In Malaysia, Najwa Hanisah Mohd Azmi, Sharifah Fairuz Syed Mohamad, Shahrina Ismail

International Journal of Management, Finance and Accounting

This study reveals the long-term effects of several variables on Non-Performing Loans (NPLs) in Islamic banks (IBs) and conventional banks (CBs) in Malaysia. Using the Autoregressive Distributed Lag (ARDL) technique, the study supports a proactive approach and finds a persistent association between NPLs and asset quality, loan quality, unemployment rate, and inflation rate. Using the ARDL approach, the analysis covers the monthly period from 2018 to early 2021. This study aims to investigate NPLs at two different times: before and after the COVID-19 epidemic. The findings indicate that The ARDL model identifies Loan Quality 1 and 2 as significant influencers …

Attracting Foreign Direct Investment (Fdi) In Madani Economy: What Factors Matter?, Yi-Shan Chong, Chee-Lip Tee

International Journal of Management, Finance and Accounting

Foreign Direct Investment (FDI) has long been acknowledged as a vital driver of economic development, and Southeast Asia stands out as a prime destination for such investments. However, Malaysia's share of FDI in the region has been diminishing, signalling a loss of competitiveness. In response, the Malaysian government has prioritized enhancing competitive strength in its recent development framework, Madani Economy. This study aims to shed light on the factors that require greater attention to achieve these objectives. Utilizing the Autoregressive Distributed Lag (ARDL) approach and monthly data spanning from 2010 to 2019, the findings underscore the importance of growing market …

Convertible Bond Pricing In Chinese Transportation Industry : A Comparison Methods Between Binomial Tree Model And Black-Scholes Model, Zirui Peng, Xinrui Xinrui, Chui Zi Ong

International Journal of Management, Finance and Accounting

One bond type that can lower financing costs for the issuer is a convertible bond. Additionally, its characteristic with option value gives investors access to high-yielding, low-drawdown, and superior investment instruments. Exactly, convertible bonds have a strong market appeal to investors. In recent years, the issuance scale of convertible bonds has continued to expand, and its share in the bond market has gradually increased. Fair pricing is essential to maintaining the convertible bond market’s smooth operation. In light of this, the convertible bonds in the transportation sector listed on the Shanghai Stock Exchange are chosen for this article. Following the …

Marshaling A Triumph: The Park Chung Hee Era, Developmental State Theory, And The Meaning Of Success In South Korea, Kevin Hockmuth

Emancipations: A Journal of Critical Social Analysis

South Korea has long been looked to as a model of developmental success. Undoubtedly, South Korean society has experienced a remarkable expansion of wealth, social well-being, and technological capacity over the last half-century. The central turning point in this momentous transformation coincided with the authoritarian rule of Park Chung Hee (1961-1979). As such, scholars of political economy and development have paid close attention to the various facets of his regime to glean the primary causes underpinning South Korea’s developmental feats. The most significant of these efforts have emerged from works emphasizing the role of the South Korean developmental state. This …

Scla 521 Ai In Society, Bert Chapman

Libraries Faculty and Staff Presentations

Provides access to information resources on societal impacts of artificial intelligence from multiple libraries databases covering multiple disciplines including government information resources.

Effective Business Sustainability Strategies For Small Retail Convenience Stores, Femi F. Akingbasote

Walden Dissertations and Doctoral Studies

Small retail convenience store owners lack sustainability strategies, leading to the business's failure to survive for five years. Retail convenience store owners who fail to implement sustainability strategies for staying in business beyond five years can experience poor customer satisfaction and experience, high operating costs, decreased sales, and low employee morale. Grounded in the sustainability development theory, the purpose of this qualitative multiple case study was to identify and explore the business sustainability strategies small retail convenience store owners in Maryland, U.S.A., use to stay in business beyond 5 years. The participants were four small retail convenience store owners who …

Dynamic Optimization With Timing Risk, Erin Cottle Hunt, Frank N. Caliendo

Economics and Finance Faculty Publications

Timing risk refers to a situation in which the timing of an economically important event is unknown (risky) from the perspective of an economic decision maker. While this special class of dynamic stochastic control problems has many applications in economics, the methods used to solve them are not easily accessible within a single, comprehensive survey. We provide a survey of dynamic optimization methods under comprehensive assumptions about the nature of timing risk. We also relax the assumption of full information and summarize optimization with limited information, ambiguity, imperfect hedging, and dynamic inconsistency. Our goal is to provide a concise user …

Weather Risks, Crop Losses, And Risk Proneness: An Examination Of Evolving Risk Preferences Of Rice Farmers In Bangladesh, W. Parker Wheatley, Taznoore Khanam, Valerien O. Pede, Takashi Yamano

Economics Faculty Publications

Changing climate poses significant challenges for smallholder rice farmers. Weather-related deviations from longer-term patterns and crop losses due to abiotic hazards can affect farmer risk preferences and drive adaptive responses. In addition, farmers’ proneness to and past experiences with crop risks such as drought, submergence, and excess soil salinity can impact their baseline risk preferences and their response to changing risks. Using data for Bangladesh from two waves of the Rice Monitoring Survey, climate-related data (precipitation and temperature), farmer reports of crop losses, and measures of proneness to abiotic risks, this article estimates how weather deviations from longer-term trends, crop …

(Dis)Invested Bodies: The Neoliberal Crafting Of Disability, T. Wesley

Electronic Theses and Dissertations

Using the Americans with Disabilities Act (ADA) as a unifying text, my dissertation explores the relationship between cultural production and the neoliberal crafting of humanity, the term I use to describe how social dimensions—including the construction of the textual and material body—become reorganized and governed through market relations. While many disability scholars and activists frame the ADA’s failures through social misunderstandings of disability, few have seriously attended to the limits of the ADA as a neoliberal fusing of economic governance and classical liberal individualism.

Tracing convergences between the ADA and earlier US disability legislation to socioeconomic and political reforms enacted …

Utilizing Machine Learning To Forecast Sector-Level Equity Returns From Sector-Level Financial Ratios, Greg Kuppenheimer

Electronic Theses and Dissertations

Academics and equity analysts often utilize fundamental financial ratios to evaluate an industry's financial and operational performance. However, sophisticated econometric methods could be improved for estimating these ratios' importance in predicting sector-level stock return performance. To address this gap, gradient-boosted decision tree methods were applied to the WRDS sector-level financial ratio database to identify if financial ratios effectively forecast sector-level stock returns in future periods. The findings show that these ratios are predictive and economically material, both stand alone and in combination with other macroeconomic factors. Using these predictions, long and long-short sector-level portfolios were created, and most of these …

Confidence Spillovers, Financial Contagion, And Stagnation, Konstantin Platonov

Economics Faculty Works

Financial crises tend to spread across countries, causing equity price crashes that cannot be fully explained by fundamentals. This paper introduces a two-country dynamic general equilibrium model of global financial crises that distinguishes between interdependence and financial contagion. Interdependence arises through trade and capital flows, while contagion occurs through a new channel: confidence spillovers. In the model, contagion is possible due to multiple dynamic and steady-state equilibria, even with fully rational consumers. Self-fulfilling beliefs about equity prices can shift the economy between equilibria, amplifying negative effects and causing contagion. The model has three policy implications. Firstly, monetary policy can offset …

The Impact Of Health Shocks On Worker Performance: Evidence From Professional Sports, Yulia Chikish, Brad R. Humphreys

Economics Faculty Working Papers Series

Workplace injuries generate substantial costs to workers and employers. We analyze consequences of a workplace injury, ulnar collateral ligament (UCL) damage in elbows of baseball pitchers. Once career ending, a method to repair torn UCLs, Tommy John surgery, was developed in the 1970s. We analyze performance of pitchers before and after undergoing this surgery and also compare them to a matched sample of uninjured pitchers. Surgical repair of UCL injuries extends post-injury careers by roughly one season relative to matched uninjured pitchers, generating economic benefits for players and teams. Post-injury performance, in terms of batting success of hitters faced by …

Do Participation Rates Vary With Participation Payments In Laboratory Experiments?, Huizhen Zhong, Cary Deck, Daniel J. Henderson

ESI Working Papers

This paper reports a series of experiments designed to evaluate how the advertised participation payment impacts participation rates in laboratory experiments. Our initial goal was to generate variation in the participation rate as a means to control for selection bias when evaluating treatment effects in common laboratory experiments. Initially, we varied the advertised participation payment to 1734 people from $5 to $15 using standard email recruitment procedures, but found no statistical evidence this impacted the participation rate. A second study increased the advertised payment up to $100. Here, we find marginally significant statistical evidence that the advertised participation payment affects …

Essays In Family Economics, Margarita Podledneva

Arts & Sciences Graduate Student Theses and Dissertations

In this dissertation, I investigate the relationship between family structure, domestic environment, and child outcomes, with a focus on educational achievement in Russia. Chapter 1. Fertility, Marriage, and Cohabitation Across Family Types: Stylized Facts The first essay analyzes family structure in Russia, providing essential context and intuition for the rest of the thesis. Using the Russia Longitudinal Monitoring Survey (RLMS), I document several stylized facts about the composition of families in Russia, with a focus on families with children. Additionally, I explore trends in cohabitation, marriage, and divorce, as well as fertility decisions among women in different family structures. I …

Integrated Modeling Of Nature’S Role In Human Well-Being: A Research Agenda, Rebecca Chaplin-Kramer, Stephen Polasky, Rob Alkemade, Neil D. Burgess, William W.L. Cheung, Ingo Fetzer, Mike Harfoot, Thomas W. Hertel, Samantha L.L. Hill, Justin Andrew Johnson, Jan H. Janse, Patrick José V. Jeetze, Hyejin Kim, Jan J. Kuiper, Eric Lonsdorf, David Leclère, Mark Mulligan, Garry D. Peterson, Alexander Popp, Stephanie Roe, Aafke M. Schipper, Tord Snäll, Arnout Van Soesbergen, Aline C. Soterroni, Elke Stehfest, Detlef P. Van Vuuren, Piero Visconti, Lan Wang-Erlandsson, Geoff Wells, Henrique M. Pereira

Department of Agricultural Economics Faculty Publications

Integrated assessment models that incorporate biodiversity and ecosystem services could be an important tool for improving our understanding of interconnected social-economic-ecological systems, and for analyzing how policy alternatives can shift future trajectories towards more sustainable development. Despite recent scientific and technological advances, key gaps remain in the scientific community’s ability to deliver information to decision-makers at the pace and scale needed to address sustainability challenges. We identify five research frontiers for integrated social-economic-ecological modeling (primarily focused on terrestrial systems) to

incorporate biodiversity and ecosystem services: 1) downscaling impacts of direct and indirect drivers on eco- systems; 2) incorporating feedbacks in …

Thinking Blue / Writing Red: Marxism And The (Post)Human, Stephen C. Tumino

Publications and Research

Thinking Blue/Writing Red interrogates contemporary culture across a range of texts, from the pandemic (‘Covid’ and ‘Trump Speak’) to high theory (Melville's narratives) and popular culture (Beyoncé's ‘Formation’ and Super Bowl performance, Twin Peaks , metamodern ‘cli-fi’ films). Inspired by Derrida’s idea of the secret, Tumino examines the significance of social movements (Black Lives Matter, Occupy, alter-globalization) and naïve art (Darger, Ryden) to argue that these texts speak of the secrets that capitalism cannot speak. Contending that the cultural surfaces narrate only the ‘nonsecret,’ that to see the social logic of the culture one must dig into what Bruno Latour …

Clinical Implementation Of Tissue-Sparing Posterior Cervical Fusion: Addressing Market Access Challenges, Morgan Lorio, Pierce Nunley, Joshua Heller, Bruce Mccormack, Kai-Uwe Lewandrowski, Jon Block

Department of Neurosurgery Faculty Papers

Background: The traditional open midline posterior cervical spine fusion procedure has several shortcomings. It can cause soft tissue damage, muscle atrophy, compromise of the lateral masses and painful prominent posterior cervical instrumentation or spinous process if there is dehiscence of the fascia. Additionally, patients frequently experience the rapid development of adjacent segment disease, which can result in the reemergence of debilitating pain and functional impairment. Clinical relevance: Tissue-sparing posterior cervical fusion is an alternative method for treating patients with symptomatic cervical degenerative disc disease. However, widespread clinical adoption has been challenged by ambiguity, misunderstandings and misinterpretations regarding appropriate procedural reimbursement …

Nfl Franchise Departures And Nearby Home Prices, Brad R. Humphreys, Geoffrey Propheter

Economics Faculty Working Papers Series

Research shows that US professional sports facilities positively impact nearby house prices. New facilities typically have existing teams, complicating a separate assessment of the impact of teams and facilities. Existing research analyzed departures of pro basketball teams, but arenas host many non-sporting events. These results may not generalize. We exploit the relocation of two professional football teams to investigate the impact of team departures on home sales. Difference-in-differences and repeat sales model results indicate proximity to one team represented an amenity while proximity to the other did not. Differences in urban form likely explains this heterogeneity.