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Kentucky Annual Economic Report 2022, Michael W. Clark, James P. Ziliak, Simon Sheather

Kentucky Annual Economic Report

This report is one of the important ways that the Center for Business and Economic Research fulfills its mission to examine various aspects of Kentucky’s economy as directed by the Kentucky Revised Statutes (KRS 164.738). The analysis and data presented here cover a variety of topics that range from a discussion of Kentucky’s current economic climate to a broad presentation of factors affecting the economy.

The report covers numerous dimensions of Kentucky’s economy including the effects of COVID-19. As the pandemic approaches its third year, COVID-19 continues to dominate the economic narrative. Many aspects of the economy have improved substantially …

Hudson Yards: Hybrid Capital's New Home, Massimo D. Scoditti

Dissertations, Theses, and Capstone Projects

This thesis focuses on the material and metaphysical aspects of the Hudson Yards, the largest private development in US History. With its roots in the administration of Michael Bloomberg, the site is representative of neoliberal ideology. It is also one in which cultural production is central. This is in terms of the rationalization and mythos of the building of the space itself and the dreamworlds created to obscure the mechanisms of extraction and accumulation that make such a complex possible. The Hudson Yards is particularly interesting because, as Cindi Katz might suggest, topography lines connect it to transnational capital. And …

Essays On Labor Economics, Gabriel Movsesyan

Dissertations, Theses, and Capstone Projects

In the first chapter, I evaluate the wage impacts from exogenous and endogenous peer effects within different metropolitan areas. I construct comparison groups for workers within the same industry and Public Use Microdata Area (PUMA) residence based on support from existing literature on social networks, and estimate peer and network effects in a spatial auto-regressive model with a network structure that in- corporates group fixed effects. Inclusion of these effects reveals that both observed and unobserved factors within each network have significant effects on individual outcomes. This is the first attempt to estimate the social effects on wages using the …

Paso Del Norte Economic Indicator Review, February, Hunt Institute For Global Competitiveness

Technical Reports

No abstract provided.

Essays In Development Macroeconomics, Miguel Orozco Vazquez

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that cover topics on development macroeconomics.

Chapter 1 - Misallocation of Resources and Total Factor Productivity: Evidence from Mexico. This paper aims to measure the gross output loss due to misallocation of resources in the manufacturing and service sectors in Mexico during 2008-2018 and identify the inputs of production related to it. To do so, I use Mexican Economic Censuses and an extension of Hsieh and Klenow (2009). I also include resource misallocation computations using data processed with a Bayesian model for editing and imputing data to correct for measurement error (MEC data), which …

The Efficiency Of Occupational Licensing During The Gilded And Progressive Eras: Evidence From Judicial Reviews, Mark T. Kanazawa

Department of Economics Working Paper Series

No abstract provided.

Pell Grants And Labor Supply: Evidence From A Regression Kink, Michael S. Kofoed

Upjohn Institute Working Papers

A concern in higher education policy is that students are taking longer to graduate. One possible reason for this observation is an increase in off-campus labor market participation among college students. Financial aid may play a role in the labor/study choice of college students—as college becomes more affordable, students my substitute away from work and toward increased study. I use data from the National Postsecondary Student Aid Study (NPSAS) to exploit nonlinearity in the Pell Grant formula to estimate a regression kink and regression discontinuity designs. I find that conditional on receiving the minimum of $550, students reduce their labor …

Borderplex Business Barometer, Volume 6, Number 2, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Borderplex Economic Outlook To 2023, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Spatial Wage Curves For Formal And Informal Workers In Turkey, Badi H. Baltagi, Yusuf Soner Başkaya

Center for Policy Research

This paper estimates spatial wage curves for formal and informal workers in Turkey using individual level data from the Turkish Household Labor Force Survey (THLFS) provided by TURKSTAT for the period 2008-2014. Unlike previous studies on wage curves for formal and informal workers, we extend the analysis to allow for spatial effects. We also consider household characteristics that would affect the selection into formal employment, informal employment, and non-employment. We find that the spatial wage curve relation holds both for formal and informal workers in Turkey for a variety of specifications. In general, the wages of informal workers are more …

Transitioning To A Circular Economy: A Systematic Review Of Its Drivers And Barriers, Jovan Tan, Fabien Jianwei Tan, Seeram Ramakrishna

Research Collection Lee Kong Chian School Of Business

Advancing societal's progress to achieve circularity is imperative as our linear (take, make, waste) economic model is highly unsustainable. It depletes our natural resources and substantially contributes to pollution and global greenhouse gas emissions. Our continued participation in the linear economy will also expose businesses to volatile resource prices and supply disruptions resulting from the scarcity of critical materials and geopolitical factors. Hence, there are compelling reasons for businesses to transit and participate in the circular economy. However, anecdotal evidence suggests limited practical implementations. Therefore, this systematic review aims to determine the most significant drivers and barriers that influence business …

Subjective Wellbeing And Intergenerational Mobility Of Youths In Singapore, Kong Weng Ho, Solomon Soh

Research Collection School Of Economics

Singapore has been enjoying persistently high real growth rates for the past 6 decades. On average, real per capita Gross Domestic Product (GDP) has grown from S$5603 in 1961 to S$88991 in 2019 with an average annual real per capita growth rate of 4.88%. The mean number of years of schooling for residents aged 25 and over has increased from 3.1 (Barro & Lee, 2001) in 1960 to 11.2 in 2019 while the life expectancy at birth for residents has also increased from 62.9 years in 1960 to 83.6 in 2019 (Department of Statistics, 2019). Although these figures reflect trneds …

Short-Term Impact Of Covid-19 On Consumption Spending And Its Underlying Mechanisms: Evidence From Singapore, Seonghoon Kim, Kanghyock Koh, Xuan Zhang

Research Collection School Of Economics

We examine the short-term impact of COVID-19 on consumption spending and labor market outcomes. Using monthly panel data of individuals mainly aged 50–70 in Singapore, we find that COVID-19 reduced consumption spending and labor market outcomes immediately after its outbreak, and its negative impact quickly evolved. At its peak, the pandemic reduced total household consumption spending by 22.8% and labor income by 5.9% in April. Probability of full-time work also went down by 1.2 pp and 6.0 pp in April and May, respectively, but employment and self-employment were only mildly affected. Our heterogeneity analysis indicates that the reduction in consumption …

Heterogeneous Health Effects Of Medical Marijuana Legalization: Evidence From Young Adults In The United States, Junxing Chay, Seonghoon Kim

Research Collection School Of Economics

Legalizing marijuana for medical purposes is a longstanding debate. However, evidence of marijuana's health effects is limited, especially for young adults. We estimate the health impacts of medical marijuana laws (MML) in the U.S. among young adults aged 18–29 years using the difference-in-differences method and data from the Behavioral Risk Factors Surveillance System. We find that having MMLs with strict regulations generate health gains, but not in states with lax regulations. Our heterogeneity analysis results indicate that individuals with lower education attainments, with lower household income and without access to health insurance coverage gain more health benefits from MML with …

The Effects Of Increased Access To Mail-In And Absentee Voting Due To Covid-19 On Voter Turnout In The 2020 Presidential Election, Irene Catlin Hedeman

Undergraduate Economic Review

With new voting policies in the fallout from the 2020 election, it is critical to understand their effects on voter turnout. I use a difference-in-differences approach to study effects of absentee voting policies from the fall of 2020 on voter turnout in four states. Using county-level data on the 2008-2020 presidential elections, I estimate turnout based on the county’s policy for the 2020 election. I use three sets of states, and I find positive effects on voter turnout for all three sets, two of which are significant. The results from the Montana policy hold through the robustness checks.

The Rise Of Community-Based Natural Resource Management Strategies As Explained By Transaction Costs, Keely A. Fisher, Marc R. Donnelly, Collin Adams

Undergraduate Economic Review

Community-based natural resource management (CBNRM) is favored over its predecessor, the fortress approach, for common pool resource (CPR) management. We strive to identify variables associated with successful CBNRM programs, and analyze whether their presence transaction costs can explain the shift in favored conservation strategy. By examining nine case studies of large mammals in Africa, we found that out of eight variables, moderate monitoring and adequate program incentives were the most critical various factors in determining CBNRM program outcomes. Furthermore, these variables, as well as others, contributed to a decrease in transaction costs.

The Impact Of Democracy On Economic Growth In South Asia, Rijul Alvan Das, Siddharth --

Undergraduate Economic Review

One of the most fundamental themes that combine the disciplines of political science and economics is the role played by democracy in the economic growth of a country. Does democracy accelerate or hinder growth? The literature is divided on this topic with both sides presenting strong empirical and theoretical views. This paper studies this issue in the context of South Asia. Our theoretical framework brings out the key characteristics that are often highlighted in both sides of the intellectual debate. Using econometric methods and tools such as Pooled, Fixed and Random Effects estimates, we aim to study the relationship between …

Covid-19, Vaccines, And Decision Theory, Michael A. Lewis

Journal of Humanistic Mathematics

In this piece, I delve into some thoughts I've had about decision theory. These have been inspired by the vaccine rollout phase of the COVID-19 Pandemic. I focus on decision making under uncertainty, as it relates to the decision to get vaccinated or not.

The Effect Of Covid-19 On The Performance Of Listed Firms: Do The Governments’ Policies And Vaccination Rates Play A Role? Evidence From Countries In The Middle East And North Africa, Mofida El Bassioni

Theses and Dissertations

This study uses a quantitative approach to estimate the empirical results of COVID-19, stringency index, and vaccination rates on the stock returns of Bahrain, Egypt, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, and UAE. Additionally, the researcher included firm-specific variables such as liquidity and leverage, total capital, employees, and date of incorporation. Total capital and employees were used as proxies for company size and for whether the firm is capital intensive or not, while date of incorporation was used as a proxy for company age. Additionally, the researcher created interaction strings between COVID-19 cases and stringency index, COVID- 19 cases and …

Vector Autoregression Analysis Of The Relationship Between Inflation Rate, Interest Rate, And Exchange Rate To The Jakarta Islamic Index, Ajeng Qurrota A'Yun, Nur Fatwa

Journal of Strategic and Global Studies

ABSTRACT

The Indonesian Sharia Capital Market is an interesting thing to study because based on the 2019 Global Islamic Finance Report (GIFR) report, Indonesia is ranked first in the Global Sharia Financial Market. The Jakarta Islamic Index (JII) is the sharia stock index that was first launched on the Indonesian capital market on July 3, 2000 and only consisted of the 30 most liquid Islamic shares listed on the Indonesia Stock Exchange. This study will try to uncover how the relationship between macroeconomic variables in Indonesia by using Vector Autoregression (VAR) analysis and using monthly secondary data from 2012-2019. VAR …

Place-Based Consequences Of Person-Based Transfers, Brad J. Hershbein, Bryan A. Stuart

Upjohn Institute Policy and Research Briefs

No abstract provided.

Wage Posting Or Wage Bargaining?: A Test Using Dual Jobholders, Marta Lachowska, Alexandre Mas, Raffaele Saggio, Stephen A. Woodbury

Employment Research Newsletter

No abstract provided.

Librarians Attending Non-Librarian Conferences: Benefits And Preparing To Attend, Amanda Nevius, Kathryn Houk, Erica Brody, Xan Goodman, Roy Brown, Christine Andresen

Library Faculty Research

This experience-based opinion piece, authored by a diverse team of librarians, will empower readers to attend non-librarian conferences by acknowledging the benefits and challenges of doing so, along with advice for overcoming these challenges and making the most of this professional development and advocacy opportunity. A review of the literature provides background and support for Part 1, which discusses the benefits of attending non-librarian conferences, organized into the categories of broadening horizons and advocacy. In Part 2 we give advice for preparation for attending and overcoming challenges. We present Part 2 organized into the following themes: 1) Acquiring time, money, …

Dissecting Public Expenditure : Part – Ii, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Debt dynamics requires continued primary budget surpluses to be generated for gradually lowering the burden of interest payments and reducing public debt-GDP ratio. Revenue mobilisation of an additional 1.5 percent of GDP annually from those outside the tax net (divided evenly between the provinces and the federal government) insulating the lower-middle and poor classes appears a plausible means to achieve these surpluses. The pension bill is growing much faster than any other expenditure head and a switch has to be made from the present defined benefits to the defined contribution system. The results from tax and pension reform would appear …

How Reliable Are Administrative Reports Of Paid Work Hours?, Marta Lachowska, Alexandre Mas, Stephen A. Woodbury

Upjohn Institute Working Papers

This paper examines the quality of quarterly records on work hours collected from employers in the State of Washington to administer the unemployment insurance (UI) system, specifically to determine eligibility for UI. We subject the administrative records to four “trials,” all of which suggest the records reliably measure paid hours of work. First, distributions of hours in the administrative records and Current Population Survey outgoing rotation groups (CPS) both suggest that 52–54% of workers work approximately 40 hours per week. Second, in the administrative records, quarter-to-quarter changes in the log of earnings are highly correlated with quarter-to-quarter changes in the …

Digital Economy: Development And Future, Yong Shi

Bulletin of Chinese Academy of Sciences (Chinese Version)

The digital economy has become a significant force in reorganizing global factor resources, reshaping global economic structure and global competitive landscape. This article first starts with the basic issues of digital economy, outlines three key components of digital economy, which are big data, intelligent algorithms and computing platforms. Then it reviews the development of international digital economies and the current status of China's digital economy, and summarizes the advantages and challenges of developing a digital economy in China. Finally, based on the "14th Five-Year Plan for National Economic and Social Development and the Long-Range Objectives Through the Year 2035", according …

The Long-Term Problem With Electric Vehicle Batteries: A Policy Recommendation To Encourage Advancement For Scalable Recycling Practices, Lauren Fricke

Seattle Journal of Technology, Environmental, & Innovation Law

With the growing popularity of electric vehicles, the demand for lithium ion (Li-ion) batteries, which are the dominant energy source for electric vehicles, are skyrocketing. By default, this means a growing demand for the raw materials needed to manufacture these complex batteries such as lithium, cobalt, and nickel. Economic, environmental, and political supply chain factors bring into question the sustainability of these batteries as a solution to the issues surrounding gasoline powered transportation, creating a need for large scale Li-ion battery recycling. By 2030, 140 million EVs are predicted to be on the road worldwide. In that time, eleven million …

Economic Impact Of A Proposed Metals Manufacturing Plant, Eric Bowen

Bureau of Business & Economic Research

In this briefing paper, we estimate the potential economic impact of a new metals manufacturing plant in West Virginia. Data for this study were provided by the West Virginia Development Office. We consider the economic impact of the plant construction and operational spending in terms of output, employment, employee compensation, and select state and local tax revenue.

Effects Of Foliar Application Of Zno Nanoparticles On Lentil Production, Stress Level And Nutritional Seed Quality Under Field Conditions, Marek Kolenčík, Dávid Ernst, Matej Komár, Martin Urík, Martin Šebesta, Ľuba Ďurišová, Marek Bujdoš, Ivan Černý, Juraj Chlpík, Martin Juriga, Ramakanth Illa, Yu Qian, Huan Feng, Gabriela Kratošová, Karla Čech Barabaszová, Ladislav Ducsay, Elena Aydın

Department of Earth and Environmental Studies Faculty Scholarship and Creative Works

Nanotechnology offers new opportunities for the development of novel materials and strategies that improve technology and industry. This applies especially to agriculture, and our previous field studies have indicated that zinc oxide nanoparticles provide promising nano-fertilizer dispersion in sustainable agriculture. However, little is known about the precise ZnO-NP effects on legumes. Herein, 1 mg·L⁻¹ ZnO-NP spray was dispersed on lentil plants to establish the direct NP effects on lentil production, seed nutritional quality, and stress response under field conditions. Although ZnO-NP exposure positively affected yield, thousand-seed weight and the number of pods per plant, there was no statistically significant …

Wage Posting Or Wage Bargaining?: A Test Using Dual Jobholders, Marta Lachowska, Alexandre Mas, Raffaele Saggio, Stephen A. Woodbury

Upjohn Institute Policy and Research Briefs

No abstract provided.