Digital Commons Network^™

Antidotes To High School Economics (Mis-)Education On World Hunger, Julie A. Nelson

Economics Faculty Publication Series

No abstract provided.

The State Of New England: Economic Slowdown And Recovery After The Dotcom Bust, Arindam Bandopadhyaya, College Of Management, University Of Massachusetts Boston

Financial Services Forum Publications

What follows is an analysis of the key macroeconomic trends in the six New England states. Using data publicly available in 2007, we examine trends in GDP growth, population, personal income and unemployment rate in each state. We provide a breakdown of each state by GDP category and provide an overall weighting by super sectors.

Paths To Success: The Critical Role Of Nonprofits In Developing Leadership In The African American Community Of Cleveland, Ohio, Stuart Mendel

All Maxine Goodman Levin School of Urban Affairs Publications

Paths to success: The critical role of nonprofits in developing leadership in the African American community of Cleveland, Ohio. Presentation at the 37th Annual Conference Proceedings, Association for Research on Nonprofit Organizations and Voluntary Action (ARNOVA), November 2008.

New Evidence On The Dynamic Wage Curve For Western Germany: 1980-2004, Badi H. Baltagi, Uwe Blien, Katja Wolf

Center for Policy Research

Blanchflower and Oswald (1994) reported that they have found an 'empirical law of economics'--the Wage Curve. Our paper reconsiders the western German Wage Curve using disaggregated regional data and is based on almost one million employees drawn from the Federal Employment Services of Germany over the period 1980-2004. We find that the wage equation is highly autoregressive but far from unit root. The unemployment elasticity is significant but relatively small: only between -0.02 and -0.04. We also check the sensitivity of this elasticity for different population groups (young versus old, men versus women, less educated versus highly educated, German native …

Hedonic Adaptation And The Settlement Of Civil Lawsuits, John Bronsteen, Christopher J, Buccafusco, Jonathan S. Masur

Faculty Scholarship

This Essay examines the burgeoning psychological literature on happiness and hedonic adaptation (a person's capacity to preserve or recapture her level of happiness by adjusting to changed circumstances), bringing this literature to bear on the probability of pretrial settlement in civil litigation. The existing economic and behavioral models of settlement are incomplete because they do not incorporate the effect of adaptation on the sum for which a plaintiff is willing to accept an offer. When an individual first suffers a serious injury, she will likely predict that the injury will greatly diminish her future happiness. However, during the time that …

"Eds & Meds" And Metropolitan Economic Development, Timothy J. Bartik, George A. Erickcek

Employment Research Newsletter

No abstract provided.

Postcommunist Privatization And Productivity: What Have We Learned?, John S. Earle

Employment Research Newsletter

No abstract provided.

Is There A Role For Public Support Of Incumbent Worker On-The-Job Training?, Kevin Hollenbeck

Upjohn Institute Policy Papers

States have begun to use training subsidies as a policy tool for employment retention and business competitiveness. This paper summarizes a survey of states concerning their investments in incumbent worker training. Altogether, states are investing about $550 to $800 million, which is perhaps one percent or less of total private sector training costs. The paper further discusses a study conducted for one state in which we found significant fiscal returns implying that underinvestment of public funds for incumbent worker training may be occurring. In this state, primary sector jobs were created or retained at a public cost of less than …

Economic Systems In Africa, Michael Kevane

Economics

An enormous variety of experiences and possibilities characterized African economic systems at the beginning of the twenty-first century. Small village communities continued to till the soil and raise goats, sheep, cows, and chickens using the same techniques of their grandfathers, renewing all the while traditions of social solidarity and hospitality that have characterized rural Africa for centuries.Overhead, however,multinational corporations owned and operated by African nationals organized transcontinental air travel, microwave and satellite transmissions, and cell phone networks. Africa globalized with the rest of the world, though in different ways. Exports of goods and services stagnated even as migration generated new …

Lung Cancer Mortality Is Elevated In Coal Mining Areas Of Appalachia, Michael Hendryx, Kathryn O'Donnell, Kimberly Horn

Regional Research Institute Working Papers

Previous research has documented increased lung cancer incidence and mortality in Appalachia. The current study tests whether residence in coal mining areas of Appalachia is a contributing factor. We conducted a national county-level analysis to identify contributions of smoking rates, socioeconomic variables, coal mining intensity and other variables to age-adjusted lung cancer mortality. Results demonstrate that lung cancer mortality for the years 2000-2004 is higher in areas of heavy Appalachian coal mining after adjustments for smoking, poverty, education, age, sex, race and other covariates. Higher mortality may be the result of exposure to environmental contaminates associated with the coal mining …

Valuing Community Attributes In Rural Counties In West Virginia: An Application Of Data Envelopment Analysis, Maribel N. Mojica, Tesfa Gebremedhin, Peter V. Schaeffer

Regional Research Institute Working Papers

The study used Data Envelopment Analysis (DEA) to examine community attributes of rural counties in West Virginia using variables determining quality of life. This analysis was done to understand the value of the social and economic characteristics associated with different communities as migration patterns in the US are mostly attributed to community characteristics determining the residents’ valuation of the quality of life in an area. County level data was used to identify counties that are inefficient, measured in terms of socioeconomic factors. The data is composed of output variables representing desirable community attributes and input variables representing the undesirable characteristics. …

Domestic Bonds, Credit Derivatives, And The Next Transformation Of Sovereign Debt, Anna Gelpern

Georgetown Law Faculty Publications and Other Works

Not long ago, financial markets in most poor and middle-income countries were shallow to nonexistent, and closed to foreigners. Governments often had to rely on risky borrowing abroad; the private sector had even fewer options. But between 1995 and 2005, domestic debt in the emerging markets grew from $1 trillion to $4 trillion. In Mexico, domestic debt went from just over 20% of the total government debt stock in 1995 to nearly 80% in 2007. Foreign and local investors are buying. Over the same period, derivative contracts to transfer emerging market credit risk surpassed the market capitalization of the benchmark …

Testing The Pecking-Order Theory: Evidence From Chinese Listed Companies, Jinlan Ni, Miaomiao Yu

Economics Faculty Publications

The pecking-order theory of capital structure, which predicts that firms prefer internal to external finance, is one of the most influential theories of corporate leverage. This article examines whether the financial structure of China's listed companies follows a pecking order from debt to equity. Using the entire cross-section sample of China's listed companies in 2004, the authors find no evidence that China's listed companies follow a pecking order when they need funds to finance investment projects. Further subgroup analyses indicate that big companies follow a pecking order and small and medium companies do not. These results suggest that the Chinese …

Jack Kingston Papers, Zach S. Henderson Library Special Collections

Finding Aids

The collection consists of papers of Representative Jack Kingston from 1991-2008. Includes correspondence, newspaper clippings, speeches, minutes of meetings. There are also a number of cassettes and videos both on general subjects of public interest as well as Representative Kingston's radio and TV spots; also a number by Senator Saxby Chambliss of Moultrie.

Find this collection in the University Libraries' catalog.

The Ethical Lacunae In Friedman's Concept Of The Manager, Jonathan B. Wight, Martin Calkins

Economics Faculty Publications

This article challenges along two lines Milton Friedman's injunction that the sole role of the business manager is to maximize profits for shareholders using all legal and ethical means. First, it shows how Friedman overly narrows the manager's moral duties to consequentialist profit maximization and thereby fails to account for a wide range of values and virtues necessary for good management. Second, it illustrates how more oblique approaches to management as well as Adam Smith's virtue-based model better capture the moral imagination and relational aspects of leadership that are critical to good management today. In the end, this article suggests …

Lessons From The Emu For Asian Regional Integration, Sarkis Joseph Khoury, Clas Wihlborg

Business Faculty Articles and Research

Critical costs and benefits of creating an EMU-like structure in Asia are identified. Analyzing the EU, we pay particular attention to two kinds of economic benefits and costs that do not appear much in conventional economic analysis. First, there are benefits and costs of harmonization in different areas including the monetary area. Second, giving up sovereignty within a policy area can provide many countries with a kind of insurance against domestic institutional, legal, and political weaknesses. Although we emphasize economic arguments it is necessary to recognize that the EU is very much a politically motivated project. Politics may well be …

A Winning Proposition: The Economic Impact Of Successful Nfl Franchises, Christian M. End, Michael C. Davis

Economics Faculty Research & Creative Works

Research has demonstrated that a Super Bowl victory increases the personal income of the individuals in the metropolitan area from which the winning teams come (Coates & Humphreys, 2002). We argue that the economic benefits should extend beyond just the championship team's city to the cities of teams who experience seasonal success and thus the winning percentages of NFL teams were included in our model. when controlling for sources of bias, winning percentage of the local professional football team had a significant positive effect on real per capita personal income. Explanations for these conclusions are offered from a psychological perspective.

The Moral High Ground: An Experimental Study Of Spectator Impartiality, James Konow

Economics Faculty Works

This paper proposes and tests an empirical model of impartiality, inspired by Adam Smith (1759), that is based on the moral judgments of informed third parties (or spectators). The model predicts that spectatorship produces properties widely considered desirable in both the normative and descriptive literature of philosophy and the social sciences, namely, unbiasedness and consensus. This informs a vignette experiment that elicits moral judgments about real world policy issues while varying the information conditions (relevant and irrelevant information) and roles (spectator and stakeholder) of respondents across treatments. The results indicate that spectator views are unbiased, and that relevant information reduces …

Working After Welfare: How Women Balance Jobs And Family In The Wake Of Welfare Reform, Kristin S. Seefeldt

Upjohn Press

This book, tapping into the quantitative and qualitative evidence gathered in the Women’s Employment Study (WES), offers insights into the lives of women in an urban Michigan county who left welfare for work and the role their family decisions play in their labor market decisions.

Social Economics: An Introduction And A View Of The Field, John B. Davis, Wilfred Dolfsma

Economics Faculty Research and Publications

No abstract provided.

Institutional Issues Impeding Progress Of The Free Trade Area Of The Americas Agreement (Ftaa), Sivakumar Venkataramany, Balbir B. Bhasin

WCBT Faculty Publications

For any bilateral or multilateral trade agreement to be effective, it is imperative that all participants derive maximum benefit. This paper examines the institutional issues facing the partners of the Free Trade of the Area of the Americas (FTAA), analyzes some of the current areas of conflict and suggests action to reduce tensions and promote harmony, cooperation and accommodation which is a necessity when multiple countries attempt to foster such an agreement.

Is There A Role For Public Support Of Incumbent Worker On-The-Job Training?, Kevin Hollenbeck

Upjohn Institute Working Papers

States have begun to use training subsidies as a policy tool for employment retention and business competitiveness. This paper summarizes a survey of states concerning their investments in incumbent worker training. Altogether, states are investing about $550 to $800 million, which is perhaps one percent or less of total private sector training costs. The paper further discusses a study conducted for one state in which we found significant fiscal returns implying that underinvestment of public funds for incumbent worker training may be occurring. In this state, primary sector jobs were created or retained at a public cost of less than …

Impairment Practices Of Selected Publicly-Listed Companies In The Philippine Mining Industry, Florenz C. Tugas

DLSU Business & Economics Review

As evidenced by new accounting standards, the advent of harmonization of accounting standards has caused a shift from historical basis accounting to fair value accounting. A bigger impact of this shift is manifested through revaluations and impairment. But recent events that concern complexities associated with the practical application of this standard have surfaced causing many companies to not full comply with its provisions. This study, therefore, attempts to investigate the compliance of ten selected companies belonging to the mining industry with provisions of PAS 36; and to determine existing impairment practices in the mining industry. Results reveal that selected companies …

Make Haste Or Waste: A Case Study On Predicting Bankruptcy Of Weyst Oyl Corporation Using Altman's Z-Score Model, Joy S. Rabo

DLSU Business & Economics Review

The motivation for research in corporate bankruptcy prediction is clear: the early detection of financial distress and the use of corrective measures are preferable to filing for protection under the bankruptcy law. This study analyzes if the application of Altman’s Z-score model will send a danger signal to the company management and contribute to the improvement of Weyst Oyl Corporation’s financial status. A used oil treating company established in 1978, Weyst Oyl Corporation, which has consistently been operating profitably for 17 years since its formation, decided in 1996 to acquire machinery which would increase plant capacity. It did so without …

State Administration Vs. Self-Government In The Slovak And Czech Republics, Phillip J. Bryson

Faculty Publications

In the transition experience, the Czech and Slovak Republics have made some effort to achieve fiscal decentralization. From independence to EU accession, the devolution of power designed to strengthen the autonomy of local governments according to the principles of subsidiarity have also included a reform of public administration. The nature of reform efforts and their implications for the fiscal decentralization are analyzed. The failure to achieve a robust autonomy for subnational governments is due to the ongoing adherence to the notion of the "state administration" as opposed to self-government in both republics.

Labor Market Segregation And The Wage Differential Between Resident And Migrant Workers In China, Ruosi Lu

Lingnan Theses

This thesis looks at the effect of industrial and occupational segregation on the wage differential between resident and migrant workers in China. It extends the work of Meng and Zhang (2001) by considering the possible employment segregation of resident and migrant workers by both industry and occupation. I contend that industry segregation is at least as important as occupational segregation for Chinese migrant workers, as most migrant workers in China have come from the countryside to fuel the booming labor-intensive manufacturing and construction industries in the cites. Due to the hukou policy (a household registration system) in China, migrant workers …

Annual Economic Outlook Conference_Jan 2008, University Of New Mexico Bureau Of Business And Economic Research

BBER Publications

This report documents New Mexico's economy during the onset of the national recession, presenting forecasts for employment, income, industry performance, exports, tourism, manufacturing, and demographic change. It also includes detailed county and community profiles, labor force statistics, and comparative state economic indicators.

Statistical Abstract Data Sources_2008, University Of New Mexico Bureau Of Business And Economic Research, Economic Development Department Of New Mexico

BBER Publications

This report compiles statewide and county-level data on population, employment, industry performance, exports, manufacturing, tourism, wages, and economic development trends. The volume also includes economic outlook analyses, state comparisons, and extensive guidance on data sources available for New Mexico research.

Regional Real Property Valuation Forecast Accuracy, Katherine Nicole Cote

Open Access Theses & Dissertations

The purpose of this study is to identify, evaluate, and critique four econometric and statistical alternatives to present forecasting practices for property valuation forecasts: (1) a traditional income elasticity method, (2) a regional structural econometric model, (3) a statistical ARIMA method, and (4) trend analysis. Forecast evaluation for 2001-2007 will be conducted for the property valuations of Single and Multi-Family residences and Commercial and Industrial properties in El Paso, Texas (MSA).

The Economic Foundations Of Contemporary Slavery, Justin Guay

Human Rights & Human Welfare

“Slavery existed before money or law” (Hochschild 2005). Indeed the “peculiar institution” is one of humanity’s oldest. It has, however, evolved and manifested itself quite distinctly in different periods of history. In contrast to historical views of slavery that are associated with Chattel Slavery, numerous forms fall under the umbrella term of contemporary slavery. The United Nations (U.N.) Working Group recognizes such radically new forms as: child labor, children in conflict, trafficking in persons, sexual exploitation, and the sale of children. The International Labor Office (ILO) approaches the topic through the lens of forced labor. The ILO recognizes slavery and …