Digital Commons Network^™

Bitcoin: Implications For The Developing World, Makari Krause

CMC Senior Theses

Bitcoin has become notorious as the first cryptocurrency to gain widespread media attention, however, despite its many benefits over the existing financial system it remains a volatile fringe currency. This thesis examines the validity of bitcoin as a currency and whether it can play a role in circumventing extractive economic and political institutions in developing countries. The analysis compares bitcoin usage to the level of financial openness, the inflation rate, and the percentage of the population with a bank account in 21 different countries. The correlation is found to be both statistically and economically significant for all of these variables, …

The Economics Of Hosting The Olympic Games: The Miscalculation Of Cost-Benefit Analyses And Why Cities Continue To Bid, Zachary E. Mobilian

CMC Senior Theses

The Olympic Games have become one of the world’s largest and most popular sporting events. With its massive scale, the costs that come with hosting the Games are elevating to unprecedented levels, leaving host cities with massive financial debt. So why do cities continue to bid for the rights to host the Games? In this paper I will attempt to answer this question by providing an overview of the bidding process and the economic impact of the Games and I will argue that the costs of hosting the Olympics are often underestimated while the benefits are greatly overestimated. I will …

2014 South Dakota Counties' Poverty And Median Household Income Estimates, Census Data Center

Center for Rural Vitality and Community Wellbeing Economics Datasets

This data illustrates 2014 poverty and median household income estimates for counties in South Dakota. Data includes: Total Poverty Estimates, and Poverty Estimates (Age 0-17).

Primary download file:
File Type: Excel
File size 25 KB

Supplemental file:
File type: CSV
File size: 4 KB

Talking One's Way Out Of A Debt Crisis, Lee C. Buchheit, G. Mitu Gulati

Faculty Scholarship

The policy of Euro-area officialdom in the period 2010-2011 was to avoid, at all costs, a default and restructuring of the sovereign debt of a member of the monetary union. This policy was motivated principally, but not exclusively, by a fear that the international capital markets, if forcibly reminded of the precarious position of overindebted, growth-challenged members of a monetary union, might recoil generally from lending to European sovereigns. In short, they feared contagion.

The only alternative to permitting a debt restructuring, of course, was an official sector bailout. The afflicted countries -- Greece (until 2012), Portugal, Ireland and Cyprus …

Neighborhoods By Assessment: An Analysis Of Non-Ad Valorem Financing In California, Mathew D. Mccubbins, Ellen C. Seljan

Faculty Scholarship

Non-ad valorem assessments on property are a fiscal innovation born from financial stress. Unable to raise property taxes due to limitations, many localities have turned to these charges as an alternative method to fund local services. In this paper, we seek to explain differential levels of non-ad valorem assessment financing through the analysis of property tax records of a large and diverse set of single family homes in California. We theorize that assessments, as opposed to other forms of taxation, will be used when residents hold anti-redistributive preferences. We show that assessment financing is most common in cities with high …

International And Intranational Market Segmentation And Integration In West Africa, J. C. Aker, M. W. Klein, Stephen A. O'Connell

Economics Faculty Works

No abstract provided.

The Big Economic Development Project Question: Is It New Revenue Or A Spending Transfer?, Paul Harris, Ronald Berkebile, Julia Martin, Larry Filer

Economics Faculty Publications

Most local governments pursue some degree of economic development activity to strengthen their economy by adding jobs and generating tax revenue. Witness the growth in tax increment financing, property tax abatements, tax credits, and exemptions for economic development. These state and local incentives totaled more than $80 billion in 2012. Economic development projects can represent a significant boon for a local economy. Estimating how much money they might generate, however, is not as easy as it initially seems, and jurisdictions can receive far less net new revenue than developers predict. Most consumers have finite incomes, which limits their discretionary spending. …

Proximity To Children: A Geospatial Approach To Understanding The Relationship Between Fast Food And Schools, Andrew Atwong

CMC Senior Theses

In a time when Americans are waking up to the health consequences of consuming fast food, researchers have discovered that fast food restaurants seem to be located in greater concentrations near primary or secondary schools. While this phenomenon affects the food environments of some children and carries implications as to their short term and long term health (which has also been well researched), this paper focuses primarily on fast food restaurants that are within walking distance of schools. Using Geographic Information Systems (GIS) to integrate geospatial, business, demographic, and food quality data, I use linear regressions to examine whether and …

Economic Assimilation For Immigrants In Chile: An Employment Convergence Analysis, Emily C. Long

Scripps Senior Theses

Blending migration studies and labor economics, this thesis explores the economic implications of immigrant assimilation in Chile by using probit models to test for employment convergence and labor market convergence between immigrant groups and native Chileans. Using census data from 1992 and 2002, we find significant differences in the employment and labor force participation rates for these demographic groups, affected by the immigrants’ gender, decade of arrival, and country of origin. We see evidence of the nascent care industry in Chile, as well as the implications of the Chilean visa system and employment contracts. Additionally, we see employment probabilities fall …

An Examination Of Gender Income Gaps In And Out Of Government, Elisha Comer

MPA/MPP/MPFM Capstone Projects

No executive summary.

Local Consequences Of Climate Change: State Park Visitations On The North Shore Of Minnesota, Mark Kanazawa

Department of Economics Working Paper Series

No abstract provided.

Brokers And Investment Advisors, Nathaniel Phillip Graham

Theses and Dissertations--Finance and Quantitative Methods

Brokers and investment advisors are a large and important part of the financial industry. Using a novel data set that includes the majority of the financial advisory industry, in this dissertation I document the size of the financial advisory industry and the prevalence of customer complaints in the industry, which I use as a proxy for misconduct. I then test for two potential drivers of advisors’ misconduct: professional standards in the form of fiduciary responsibilities and influence from social networks. I find that variation in fiduciary duties—specifically fiduciary versus suitability standards— does not appear to affect advisors’ propensity for misconduct. …

Is There A Trade-Off? Infant Health Outcomes And Managed Care Competition, Shana L. Moore

Theses and Dissertations--Public Policy and Administration

This study offers insights into the impact of competition among Managed Care organizations (MCOs) on infant birthing charges and birth outcomes. Kentucky provides one of the nation’s first case studies to determine successes and failures of Medicaid MCOs, and by doing so, provides a prediction of the impact of Patient Protection Affordable Care Act (PPACA) competition on healthcare costs and birth outcomes. An analysis of a natural policy experiment in the state of Kentucky reveals that infants insured by a Medicaid MCO stay longer in hospitals, are less healthy, and cost more than those insured under Traditional Medicaid prior to …

Ballot-Box Environmentalism Across The Golden State: How Geography Influences California Voters’ Demand For Environmental Public Goods, William Skyler Lewis

Pomona Senior Theses

In California, voters frequently face ballot propositions dealing directly or indirectly with environmental protection. Records of these votes provide powerful evidence of the character of voters’ demand and willingness-to-pay for environmental public goods (e.g., air quality, watershed ecosystem services, parks and recreation), and have been used in past environmental econometrics research to produce aggregated income and price effect estimates. Using neighborhood-level voting records on seven environmental-related ballot propositions in California between 2002 and 2010, this econometric study investigates the nature of voters’ demand for environmental public goods, focusing on the effect of household income on pro-environment voting. Unlike previous studies, …

Public Libraries And Political Participation, 1870-1940, Michael J. Kevane, William A. Sundstrom

Economics

The public library movement of the late 19th and early 20th centuries fostered a rapid increase in the number and quality of public libraries in cities and towns across the United States. One important argument for libraries was that they would enhance American democracy by promoting virtues of citizenship and enabling access to information. This paper examines how voter turnout was affected, in the short-term, by the establishment of public libraries, using a county-by-election year panel. Our empirical strategy exploits the founding dates of public libraries as discrete events that should have influenced subsequent voting behavior. Over the wide range …

Understanding The Influencers Of Second-Hand Apparel Shopping Behavior, Robyn Hobbs

Theses and Dissertations (Comprehensive)

Shopping for second-hand apparel is rapidly growing and has become a notable segment of the retail market. The purpose of this study is to determine what influences consumers when shopping second-hand for apparel products in-store and online. According to the existing literature, a number of key factors play significant roles for second-hand apparel shopping consumer decisions. They include: social, costs, trends and environmental influencers. Past research has not concentrated in-depth on the hedonistic and social influences of second-hand apparel shopping, financial factors, and time spent shopping for second-hand apparel. This study has observed the socio-demographic profile of second-hand shoppers, what …

An Investigation Of The Nexus Between Poverty And The Informal Sector In Developing Economies: A Case Study Of Nigeria, Omotara Adeeko

Masters Theses

This paper examines the relationship between poverty and the informal sector in Nigeria. In order to achieve this objective both primary and secondary sources of data mostly spanning from 1980 to 2014 are utilized. The methodology follows three stages. First, the Granger causality test is performed to determine the direction of causality. Using that information, a baseline model, along with several variants, is built on the next stage. Lastly, a robustness check is completed to ensure that the results do not exhibit severe spuriousness problems.

Granger causality tests indicate that the informal sector causes poverty. Overall, nine models including some …

The Relationship Between Healthcare Spending And Gross Domestic Product: A Study From A Sample Of African Countries, Steven Harrington Addo

Wayne State University Dissertations

In this essay I estimate the elasticity of total healthcare expenditures with respect to gross domestic product. I also address the stationary properties of total healthcare expenditures and gross domestic product, and whether these measures are cointegrated. The empirical exercise uses a sample of African countries so that the estimates can be compared to those that have been made using data on OECD countries. To address the issue of possible endogeneity of GDP in the healthcare expenditure equation, I assume that total healthcare expenditures and gross domestic product are simultaneously determined, and using structural equations, I identify instrumental variables for …

Pengaruh Harga Bensin Terhadap Kecelakaan Lalu Lintas Di Indonesia, Eny Kusdarwati, Djoni Hartono

Jurnal Ekonomi dan Pembangunan Indonesia

Traffic accident ranks the ninth largest of the cause of death in Indonesia. The most of researches studying Indonesia on traffic accidents were only blaming on human, motor vehicles, and environment as main culprits, not incorporating economic factors into the models. This study aims to analyze the impact of real gasoline prices on traffic accident in Indonesia and the factors of influence them. This research employs time series data from 1970 to 2013 with OLS analysis world crude oil prices as instrument variable. The estimator results show that real price of gasoline and the policy of usage of motorcycle light …

You Are What You (Can) Eat: Cultivating Resistance Through Food, Justice, And Gardens On The South Side Of Chicago, Ida B. Kassa

Pomona Senior Theses

Though food is widely recognized as a basic necessity for humanity, disparate access to it highlights whose bodies, environments, health, nutrition, and utter existence has mattered most in American society—and whose has mattered the least. Through interviews with residents of the South Side of Chicago about the alternative food pathway they’ve forged for themselves, we learn that food becomes much more than just sustenance. Interviewees describe our present day food system as undeniably rooted in a history of enslavement and exploitation of Black and Brown bodies; they regard food justice work by communities of color as an important source of …

Designing Policies To Spur Economic Growth: How Regional Scientists Can Contribute To Future Policy Development And Evaluation, Carlianne Patrick, Amanda Ross, Heather Stephens

Economics Faculty Working Papers Series

Policymakers at all levels of government try to design policies to promote economic growth. Many of these policies have a goal of attracting new businesses to an area, as new businesses are considered a key driver of local economic growth. An emerging literature suggests that such policies have heterogeneous effects on economic growth, both in terms of how the effect of the same policy may vary across locations as well as how different policies spur different types of growth. In this chapter, we discuss the insights provided by the existing literature on the effect of government policy on local economic …

Voting Behavior On Carbon Pollution From Power Plants, Joshua C. Hall, Elham Erfanian, Caleb Stair

Economics Faculty Working Papers Series

Environmental regulation is a polarizing issue. In 2014, a bill came to a vote in the U.S. House of Representatives that would limit the powers of the Environmental Protection Agency. This empirical note identifies the characteristics that influenced the voting behavior of House Representatives on this bill. Political party, educational background, the location quotient of the mining industry in the representative’s state, and the amount of emissions in the Representative’s state are considered. A member’s political party is the primary factor influencing voting behavior but the location quotient of the mining industry also plays an important role.

Can Liberalization Of Local Food Marketing Channels Influence Local Economies? A Case Study Of West Virginia’S Craft Beer Distribution Laws, Trey Malone, Joshua C. Hall

Economics Faculty Working Papers Series

Over the past decade, local food systems have been identified as having a significant influence on regional economies. Using a recent change in West Virginia’s craft beer distribution laws as a case study, we show that although employment might not experience a statistically significant change due to additional legalized marketing channels, wages did experience a significant increase. Our findings suggest that state economies might benefit from reducing restrictions on small, local producers.

Collegiate Football Attendance In El Paso, Texas, Wesley Austin Miller

Open Access Theses & Dissertations

This study examines potential determinants of attendance at the University of Texas at El Paso (UTEP) Miners football games. Time series methodology is utilized to analyze UTEP attendance from 1967 to 2014. 22 explanatory variables are included in the final specification; 16 of which are statistically significant at the 10-percent level. Estimation results indicate that over 70 percent of the variation in UTEP football attendance is explained within the model. Elasticities of demand are estimated and indicate that demand for UTEP football games is inelastic with respect to all of the continuous regressors. Dynamic ex ante forecasts are generated for …

Convergence? The Incursion Of Technology In The United States - Mexico Remittance Corridor, Sam Wilner Simon

Open Access Theses & Dissertations

The United States-Mexico remittance corridor finds itself at a crossroads, exacerbated by an amalgam of factors including tapering migration levels, a more mature Mexican economy and higher levels of technological permeation. I identify the individual, governments and service providers as the three main actors in the United States - Mexico Remittance Corridor. I deploy an interdisciplinary set of sources, ranging from academic journals to World Bank datasets to illustrate the logistical hurdles that are delaying changes to what many experts believe, is an unsustainable status-quo. I explore the idea of a Galtung inspired mutually reinforcing triangle as a means of …

Religious Identity And The Provision Of Public Goods: Evidence From The Indian Princely States, Latika Chaudhary, Jared Rubin

ESI Publications

This paper describes a simple model of how a ruler’s religious identity affects public goods provision. Our primary insight is that rulers reduce public goods expenditures to a greater degree when there are privately-provided substitutes excludable by religion.The basic idea is that if the good is provided privately to the ruler’s co-religionists, the ruler faces weaker incentives to provide this public good because his co-religionists receive lower marginal utility from its provision. Testing such a conjecture is an empirical challenge, however, since the religious identity of rulers rarely varies over time and place. We address this problem by exploiting …

Responses To Change In The Global Political Economy Of Innovation – The Role Of Sub-National States In Industrial Transition, Dan Herman

Theses and Dissertations (Comprehensive)

This dissertation seeks to explore how sub-national levels of the state promote the development of new industrial sectors. To do so this dissertation builds on a series of theoretical perspectives on the role of the state in the economy and develops a unique view of how sub-national states coalesce and contrast within these perspectives. It does so through a series of empirical case studies focused on sub-national jurisdictions in North America that highlight diverse varieties of state actions that contribute, if not lead, industrial transitions and the development of new innovation-oriented industrial sectors. In so doing, the dissertation presents a …

The Effect Of Doctors Without Borders On Low- And Middle-Income Countries In Sub-Saharan Africa, Nathan Hayenga

Honors College Theses

This research studies the relationship between the activity of medical disaster-response humanitarian aid and the rate of growth in developing economies. Data of total annual GDP and Doctors without Borders (MSF) activity in 23 countries was analyzed over the years 2000-2014 with correlation and regression analysis. Under this analysis results are inconclusive, with a correlation of zero between MSF activity’s within a country and change in that country’s rate of GDP growth. A conclusive response was found on the comparison between GDP growth in countries MSF was active in compared to countries with no MSF activity, showing that countries in …

Hot Property In New Zealand: Empirical Evidence Of Housing Bubbles In The Metropolitan Centres, Ryan Greenaway-Mcgrevy, Peter C. B. Phillips

Research Collection School Of Economics

Using recently developed statistical methods for testing and dating exuberant behaviour in asset prices we document evidence of episodic bubbles in the New Zealand property market over the past two decades. The results show clear evidence of a broad-based New Zealand housing bubble that began in 2003 and collapsed over mid-2007 to early 2008 with the onset of the worldwide recession and the financial crisis. New methods of analysing market contagion are also developed and are used to examine spillovers from the Auckland property market to the other metropolitan centres. Evidence from the latest data reveals that the greater Auckland …

Evaluating The Impact Of Policies On Production Efficiency Of Nigeria's Rice Economy, Samuel Chukwueyem Rapu

Walden Dissertations and Doctoral Studies

Nigeria, like all other rice consuming nations, has experienced a surge in domestic demand for rice since 1970. However, local rice production has not been sufficient to meet local demand, leading to this demand continually being filled by imports. The Federal Government of Nigeria has initiated subsidies programs intended to improve Nigerian rice farmers' technical and cost efficiency levels. This quantitative study evaluated the impact of these policies on the technical and cost efficiency levels of paddy rice farm households in Nigeria. Farrell's (1957) efficiency theory and production theory served as the theoretical frameworks. Data were collected from a cross-section …