Digital Commons Network^™

The Effect Of Epidemiological Investor Sentiment On Financial Market Movements, Ruben A. Silverstone

Undergraduate Economic Review

This paper investigates the effect of public sentiment related to epidemiological crises on financial market movements. The outbreak of COVID-19 provided evidence of the havoc a pandemic can wreak on financial markets. The Ebola outbreak between December 2013 and January 2016 provides the ideal case study to isolate sentiment. Sentiment was quantified with established text processing methods, using news on viral events uncorrelated with other potential causes of market movements and incorporating publisher circulation. I find that epidemiological investor sentiment has a highly statistically significant, current, and non-linear relationship with individual company stock returns when controlling for company-specific fixed effects.

Cbe Waves Newsletter: December 2021, Various

Newsletters

• The Economic Value of America's Estuaries
• How Little We Know: Humans and Recreation on the California Coast
• Checking in On Ocean-Based Solutions
• Build Back Better and the Ocean Climate Action Plan
• Student Alice McGown attended COP26 with one focused message: Leave It In The Ground
• Transatlantic Blue Economy Initiative
• Student Mary Patenburg contributes to two WWF articles
• Visualizing the Three- Dimensional Footprint of Ocean Uses
• DIVE-An Inspiring Journey through California's Marine Protected Areas with Virtual Reality
• Celebrating Ten Years at the Center for the Blue Economy

Aggregate Implications Of Barriers To Female Entrepreneurship, Gaurav Chiplunkar, Pinelopi K. Goldberg

Discussion Papers

We develop a framework for quantifying barriers to labor force participation (LFP) and entrepreneurship faced by women in developing countries, and apply it to the Indian economy. We find that women face substantial barriers to LFP. The costs for expanding businesses through the hiring of workers are also substantially higher for women entrepreneurs. However, there is one area in which female entrepreneurs have an advantage: the hiring of female workers. We show that this is not driven by the sectoral composition of female employment. Consistent with this pattern, we find even without promoting female LFP, policies that boost female entrepreneurship …

Making Green Mortgages Mainstream & Accessible, Megan Greene, Adam Tooze, Jennifer M. Silva, Rohan Kocharekar, Hannah H. Braun

Regenerative Crisis Response Committee

No abstract provided.

College Street Journal (December 2021), College Of The Holy Cross

College Street Journal

College Street Journal serves as a student platform for business-related news, opportunities and resources at Holy Cross. Readers will discover a broad range of important topics from relevant news and economic issues, career development opportunities and advice, as well as Ciocca center and campus-wide opportunities to grow outside of the classroom.

Highlights of this issue include the Facebook rebrand, travel, supply chain issues, the auto industry, an alumni interview with Ted Lynch and a faculty editorial.

Well-Being In Metropolitan Nebraska: 2021 Nebraska Metro Poll Results, Rebecca J. Vogt, Heather Akin, Cheryl A. Burkhart-Kriesel, Bradley Lubben, L. J. Mcelravy, Timothy Meyer, Steven A. Schulz

Nebraska Rural Poll

Most metropolitan Nebraskans believe they are better off than they were five years ago, are better off compared to their parents when they were their age and will be better off ten years from now. However, certain groups are more likely to be optimistic about their current situation and their expected future. Persons with higher household incomes are more likely than persons with lower incomes to think they are better off compared to five years ago, are better off compared to their parents when they were their age and will be better off ten years from now. And, persons with …

Growth Likely In A Time Of Uncertainty, Eric Thompson

Business in Nebraska

The United States economy continues to recover from the recession which occurred during March and April of 2020. Demand has been strong for both goods and services. At the same time, supply constraints are a concern in the economy, contributing to both higher prices and in some cases lost production within industries. Supply constraints are evident in both inputs (supplies) and labor. Labor force growth has been anemic in the last two years given slow population growth and a roughly 2 percent decline in the labor force participation rate. Looking forward, the baseline outlook is for the U.S. economic recovery …

(R1523) Abundant Natural Resources, Ethnic Diversity And Inclusive Growth In Sub-Saharan Africa: A Mathematical Approach, Juliet I. Adenuga, Kazeem B. Ajide, Anthonia T. Odeleye, Abayomi A. Ayoade

Applications and Applied Mathematics: An International Journal (AAM)

The sub-Saharan African region is blessed with abundant natural resources and diverse ethnic groups, yet the region is dominated by the largest number of poor people worldwide due to inequitable distribution of national income. Existing statistics forecast decay in the quality of lives over the years compared to the continent of Asia that shares similar history with the region. In this paper, a-five dimensional first-order nonlinear ordinary differential equations was formulated to give insight into various factors that shaped dynamics of inclusive growth in sub-Saharan Africa. The validity test was performed based on ample mathematical theorems and the model was …

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

Technical Reports

No abstract provided.

An Exploration Of Unintended Effects Of Education Policies In The United States, Kevin Estes

Economics ETDs

The work in this dissertation examines unintended consequences from various public policies in education. The first policy examined is the adoption of the four-day school week schedule by public-school districts across the United States. Concerns over the additional weekend night for students are explored by examining teen traffic safety within the school district before and after adoption of the four-day schedule. The second policy examined is the usage of academic probation by universities. Student responses to being placed on academic probation vary, and financial implications for the student are a potential mechanism behind these responses. Student responses segmented by Pell …

Food Security, Economic Growth And Price Stability Nexus And Conceptual Issues, Park O. Idisi

Economic and Financial Review

A strong argument that encourages analysing food security and food price stability issues is importance to economic well-being. Nigeria is one of the most food insecure countries and highly affected by all three drivers. For one, the country is vulnerable to price instability and successively hit by environmental disasters, that impact people’s livelihoods. Furthermore, its economy is thriving, but around 48.0 per cent of its population lives below the poverty line (World Bank, 2020; World Poverty Clock, 2020). In addition to that, since 2009 northeastern Nigeria is struck by insurgency. Essentially, sustainability in economic growth is dependent on achievement of …

The Affordable Care Act And Abortion: An Update, Phoebe Steiner

All Theses

The young adult provision of the Affordable Care Act (ACA) requires health insurance providers to offer dependent child coverage until the child of the enrollee turns 26 years old. The purpose of this provision is to increase health care access to a historically underinsured group. Abramowitz (2017) investigates the effect of the ACA’s young adult provision on the abortion rate. I will build on this foundation by including 2014-2018 data, extending the number of years examined. Using a difference-in-difference regression, I find the effect of the young adult provision on abortion rates to have a larger magnitude over an increased …

Economic Forecast Of Grand Rapids, Mi, Zachary Fillmore

Honors Projects

The purpose of this report is to analyze the current state of the Grand Rapids, MI economy, as well as provide a ten-year forecast of the city’s economic condition. Economic forecasting is the process of predicting the future condition of an economy using the combination of several indicators. The indicators being used for this report will include population growth, economic production, wages, industry specific production trends, unemployment rates, home values, occupancy rates, rent forecasts, education, and tourism. From intensive research and data analysis, a snapshot of the economic condition of Grand Rapids in ten years will be displayed. Additionally, several …

Livelihood And Happiness In A Resource (Natural And Cultural)-Rich Rural Municipality In The Philippines, Rosalina Palanca-Tan, Sheila Bayog

Economics Department Faculty Publications

This paper looks at the economic and welfare conditions of residents in Lake Sebu, a largely rural but natural and cultural resource-rich municipality in Southern Mindanao in the Philippines. Two notions of welfare are used in the study: economic welfare, measured in terms of household income and vulnerability to hunger; and social welfare, measured in terms of self-reported happiness. The study uses primary data collected through a household survey and analyzed with statistical and econometric procedures (tests of difference between sub-populations; and ordinary least squares, binary probit, and ordered logistic regressions). The results suggest mixed implications of abundant natural and …

Is The Heterogeneity Of Expenditure Relevant To Economic Growth? The Case Of Nigeria, Efayena O. Oba, Ngozi P. Buzugbe

Bullion

With the Nigerian economy oscillating around financial quagmire and fast moving towards fiscal unsustainability, this study analysed the impact of disaggregated expenditures on economic growth. Employing data from 1980 to 2019, the study established through the autoregressive distributed lagged technique that heterogeneity in expenditure is relevant to economic growth, with recurrent expenditure contributing insignificantly to economic growth, while capital expenditure negatively impact economic. Thus, among other policy option, the study suggested appropriate expenditure over recurrent expenditure and that government should engage more in the provision of capital projects in the economy.

Activity Series Of The Central Bank Of Nigeria's Development Finance Interventions, Xavier-Itam A. Okoh, George N. Ude

Bullion

The Central Bank of Nigeria (CBN) aggresively pursues credit and interest rate policies to promote inclusive economic growth. Through this, it aims to expand availability, access, and affordability of financial capital for micro, small and medium enterprises (MSMEs) With a least 24 MSMEs financing programmes of its own, the Bank manages one of the largest suites of developmental programmes among central banks. This paper attempted to serialize and characterize these programmes, hence determine their activity status and discover patterns of implementation effort patronage, and responsiveness of target enterprises to available incentives. Applying Z-score and min-max methods of normalization and geometric …

Is There Room In The United States Diet For Goat Meat? Analysis Of The 2019 National Goat Meat Survey, Everett Marcus Martin

Graduate Theses/Dissertations

Demand for goat meat has steadily increased in the past decade, but few studies have been conducted addressing goat meat attributes and demographic factors on consumers’ willingness to buy goat meat products. Analyzing a national consumer survey on goat meat preference, a logit modeling is used addressing factors affecting willingness to buy three goat meat products: grass-fed, locally grown, and organically raised. Results indicate that quality and freshness attribute characteristics significantly affect consumer willingness to buy grass-fed, organic, and locally grown goat meat.

Dollar Stores And Supermarket Survivability In Non-Metropolitan Us Communities, Cami Farmer

Graduate Theses and Dissertations

With the growing popularity of dollar stores, concerns have surfaced over the potential relationship between dollar stores and the closures of grocery stores. Healthy food accessibility for consumers, particularly those in rural areas, has additionally become of great interest. This thesis aims to investigate the potential relationship of dollar store presence and grocery store closures. Data used included County Business Patterns, Rural Urban Continuum Codes, American Community Survey, and authorized SNAP retailer data. The spatial distance between grocery stores and the number of dollar stores at various radii were calculated. Following the computation of the number of dollar stores surrounding …

The Impact Of Political Protests In Hong Kong On Consumerism, Katherine Kane

Honors College Theses

Hong Kong’s free economy has major influence in Asia and around the world. Because of the rising political tension between Hong Kong and Mainland China, the city’s economy is at risk. There has been a long history of political dissent in the city showing a growing disapproval of the Beijing government. The political and sociological impact of activism has been extensively discussed in the literature. However, few studies have statistically tested the economic implications of the protests. During the 2014 Umbrella Movement and the 2019-20 Extradition Bill Protests, the city’s retail and tourism sectors have seen significant disruptions. This may …

Keynote Address, Godwin I. Emefiele Con

Economic and Financial Review

The theme for this year’s edition, “Food Security in Nigeria: Options for Policy” is apt and in tune with the existing realities of both the global and domestic economies, which have suffered heavily from the impact of the COVID-19 pandemic. In fact, the theme could not have come at a better time than now when issues of insecurity, climate change, and COVID-19 related disruptions are challenging food production and supply, not only in Nigeria but also globally. As a matter of fact, food security is critical for national security, economic stability and sustainable development.

Addressing Food Insecurity In Nigeria: Lessons From Jurisdictional Experiences, Biodun Adedipe

Economic and Financial Review

The challenge of food security transcends national or regional boundaries, and indeed became a global concern in 2015 when the Sustainable Development Goals (SDGs) were set. Goal 2 targets zero hunger by 2030, and that is, to end hunger, achieve food security and improved nutrition, and promote sustainable agriculture. While the entire world is not in shortage of food, there are wide disparities in food sufficiency and food security across nations, regions and continents. The SDG No. 2 is a 5x1 matrix of five targets and three actions as summarised in Table 1. The targets are five critical elements of …

Cbn Interventions And Food Security: Rationale, Experience And Challenges, Yusuf P. Yila

Economic and Financial Review

Prior to the outbreak of the Coronavirus (COVID-19) pandemic, conflicts, deteriorating socio-economic conditions, natural hazards, changing climatic conditions, prevalence of pest and diseases, etc., had led to reduced incomes, disrupted supply chains, and resulted in severe chronic and acute hunger across several countries, worldwide. These conditions were exacerbated by COVID-19 impacts, leading to severe and widespread increases in global food insecurity affecting vulnerable households in almost every country. These impacts expected to continue through 2021 and beyond as the Delta variant continues its spread (World Bank, 2021). Thus, the effects of the Pandemic on national food security systems becomes critical …

Towering Intellects? Sizing Up The Relationship Between Height And Academic Success, Stephanie Coffey, Amy Ellen Schwartz

Center for Policy Research

Do tall students do better in school? While a robust literature documents higher earnings among taller people, we know little about the potential academic origins of the height earnings gradient. In this paper, we use unique student-level longitudinal data from New York City (NYC) to examine the link between height and academic outcomes, shedding light on underlying mechanisms. The centerpiece of our empirical work is a regression linking academic outcomes to height, measured as a z-score normalized to same grade/sex peers within schools. We estimate a meaningful height gradient for both boys and girls in ELA and math achievement in …

Averting The Looming Food Crisis: A Clarion Call To Immediate And Near-Term Policy Action, Gabriel S. Umoh

Economic and Financial Review

This paper reviews food crisis and its causes in Nigeria. It takes the position that food crisis has been simmering in Nigeria for the past couple of years and identifies policy instability, poor policy implementation and declining household purchasing power, among others as the major causes of food crisis. It recommends strong policy support and implementation, automatic indexation of wages and pensions and other measures to curb food crisis in the country.

Examining The Lack Of Consensus On The Minimum Wage, Belma Ramic

University Honors Program Senior Projects

The economic impacts of minimum wage laws have been the subject of debate for over a century within the United States (US). This paper summarizes this and reviews the body of academic literature studying the effects of minimum wage laws, much of which center around their employment effects. This paper also examines how the ongoing debate can be attributed to factors that have not been as comprehensively reviewed, such as disagreements over politics, poverty, and impact on prices. The purpose of this paper is to achieve an understanding of the complexities surrounding the minimum wage and its overall implications. From …

Distillers' Grains: Past, Present, And Future Economic Analyses, Daniel E. Gertner

Department of Agricultural Economics: Dissertations, Theses, and Student Research

This thesis is comprised of four chapters, each of which discusses or conducts economic research related to the distillers’ grains market. The first three chapters are meant to be standalone papers. Chapter four provides potential paths forward in distillers’ grains research based on the findings of the first three chapters and concludes the thesis.

The first chapter conducts a comprehensive literature review that categorizes and summarizes economic research on distillers’ grains products. This section shows how the physical market has moved beyond the current academic understanding of market products and structure. Existing research finds that traditional distillers’ grains products positively …

Improving Veteran Access; Status Of Operations Of The United States Department Of Veteran Affairs Work-Study Program, Kirk Allen

Electronic Theses, Projects, and Dissertations

The usage status of The U.S. Department Veterans Affairs Work-Study Program is examined. Beneficiary numbers from the Global, Unites States, State, and Local/County perspective are reviewed. While of essential value, the program suffers from a lack of scholarly research and government oversight, and is further hindered by restrictive administrative rules lived first-hand. Research suggests that the program is operating outside of accountability to the taxpayer, presents as unnecessarily/overly-restrictive in accessibility, and is underutilized. The program appears to not be serving all veterans to full potential.

The Work-Study Program is codified in Veterans Benefits', Title 38 United States Code, Part III, …

Borderplex Business Barometer, Volume 5, Number 12, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Insurgency, Political Risk, And Foreign Direct Investment Inflows In Nigeria: A Sectorial Analysis, Danjuma Iyaji

CBN Journal of Applied Statistics (JAS)

This study examines, among others, the effect of terrorism, political violence, corruption, and religious tension on FDI inflows to the banking, construction, manufacturing, oil and gas, and telecommunication sectors in Nigeria. Thus, empirical models were estimated using the fully modified ordinary least squares (FMOLS) technique. The study spans from 2008Q1 to 2017Q4. Findings show that terrorism adversely affects FDI inflow to telecommunication sector, while corruption positively impacts on the oil and gas sector. Thus, this study among other things, recommends the intensification of effort in the war against terrorism and strengthening of relevant anti-graft agencies to adequately fight corruption in …

Monetary Policy Transmission And Bank Interest Rates In Nigeria, Eleam Victor E., Ekwom Chinyelu G., Ariolu Chibueze C., Umebali Chukwubuzo J., Balogun Adewale T.

CBN Journal of Applied Statistics (JAS)

The paper examines the adjustment of retail and money market interest rates to changes in discount corridor of the monetary policy in Nigeria. A vector error correction model was adopted for this study, using monthly data from 2007:06 to 2019:12. We further accounted for structural breaks in the dataset to improve its policy reliability. The adjustment parameters were found to be significant but with slow speed of adjustment. This finding provides evidence of the weakness of the discount corridor in monetary policy transmission in Nigeria. Furthermore, the results showed no asymmetric adjustment of retail rates to long run equilibria. Lastly, …