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Greenhouse Gas Emission Efficiencies Of World Countries, Levent Kutlu

School of Economics and Finance Faculty Publications

Greenhouse gas emissions have increased rapidly since the industrial revolution. This has led to an unnatural increase in the global surface temperature, and to other changes in our environment. Acknowledging this observation, the United Nations Framework Convention on Climate Change started an international environmental treaty. This treaty was extended by Kyoto protocol, which was adopted on 11 December 1997. Using the stochastic frontier analysis, we analyze the efficiencies of countries in terms of achieving the lowest greenhouse gas emission levels per GDP output in the years between 1990–2015. We find that the average greenhouse gas emission efficiencies of world countries …

Evolution Of Tourism, Challenges, And Its Sustainability In An Island State: Case Study Of Malta, Silvio Attard

International Journal of Islands Research

This study analyses historic developments in Malta’s tourism industry, focusing on the changing characteristics of demand and supply. The recent surge in inbound tourism appears to be largely driven by increased air connectivity to and from Malta. The advent of low-cost carriers is considered an important positive supply shock on the local sector. At the same time, the sustained shift towards stays in private accommodation can be partly explained by changing preferences, but also by capacity constraints in collective accommodation establishments. Moreover, the paper discusses the economic importance of tourism for the Maltese economy. It also examines the issue concerning …

Beyond The Capitalist Workplace: How The Production Of Surplus Across The Economy Keeps Producers Divided, Costas Panayotakis

Publications and Research

This article analyzes the public and household sectors of the economy as sites of surplus production within contemporary capitalist societies. It also shows how the coexistence of structurally distinct spheres of surplus production creates divisions among workers in the private, public, and household sectors of the economy, thus amplifying the racial, gender, and other divisions which have often in the past kept working people divided. Fueling these cross-sector divisions is the appearance that private-sector workers are paid for their labor rather than for their labor-power. Thus, this article also explores an implication of this appearance which Karl Marx, the thinker …

The Economic Impacts Of Social Activism In Food Markets, Anubrata Deka, Emie Yiannaka, Konstantinos Giannakas

Cornhusker Economics

Private politics, usually led by nongovernmental organizations (NGOs) and social activists, focuses on changing the behavior of private economic agents through social pressure rather than through government action (although government action is also possible) (Baron, 2003). The food sector has been experiencing increased social pressure from social activist organizations to achieve diverse goals, ranging from improving food safety and food fortification to increasing transparency in food markets. A primary reason for the increase in organized activism in the food sector is the proliferation of the provision of credence attributes which are attributes unobservable through search or experience (consumption and use). …

Libraries At The Centre Of Community Transformation: A Bibliometric Study (2009-2019) Of The Influence Of Libraries On Segments Of Human Communities In Nigeria, Tochukwu Victor Nwankwo, Adizetu A. Ali Dr, Boniface U. Asadu

Library Philosophy and Practice (e-journal)

Purpose – The objective of the research was to undertake a bibliometric study (2009-2019) on the influence of libraries on segments of human communities in Nigeria. The specific objectives are to determine the bibliometric newspapers, databases, and institutional repository components of the Nigerian Academic, Social, Economic, Judicial, Political, Health, Cultural, and Religious Communities.

Design/methodology/approach – The method adopted was the descriptive survey research design; specifically the online content analysis technique was co-opted. The study covered all the publications published for or about Library Transformation in Nigeria by both Nigerians and foreigners (2009-2019); that are domiciled in Nigerian Online Newspapers, Online …

On The Basis Of Sex: Personal Status Law Reforms And Economic Growth, Kylie Bring

Honors Theses

The purpose of this thesis is to analyze how law reform toward gender equity has an impact on economic growth in Arab countries in the Middle East. Personal status law reform granting women economic, social, and personal freedoms is spreading across the region and showing substantial change. Using case studies of major PSL reforms in Tunisia and Morocco, this thesis outlines qualitative and quantitative evidence to support the case that gender equity benefits the economic growth of the given country.

Affirmative Action And Mismatch: Evidence From Statewide Affirmative Action Bans, Leon Ren

Undergraduate Economic Review

This paper empirically evaluates the mismatch hypothesis by exploiting the quasi-experimental variation in the adoption of statewide affirmative action bans. Specifically, this paper examines the effect of such bans on minority graduation rates using a difference-in-difference, synthetic control, and triple-difference approach. My results suggest that statewide affirmative action bans are associated with an increase in minority graduation rates, consistent with the mismatch hypothesis, at highly selective institutions. Moreover, mismatch effects are not confined to science, technology, engineering, and math (STEM) majors. JEL Codes: I28, J15

A Model To Explain Statewide Differences In Covid-19 Death Rates, James L. Doti

Economics Faculty Articles and Research

COVID-19 death rates per 100,000 vary widely across the nation. As of September 1, 2020, they range from a low of 4 in Hawaii to a high of 179 in New Jersey. Although academic research has been conducted at the county and metropolitan levels, no research has rigorously examined or identified the demographic and socioeconomic forces that explain state-level differences. This study presents an empirical model and the results of regression tests that help identify these forces and shed light on the role they play in explaining COVID-19 deaths.

A stepwise regression model we tested exhibits a high degree of …

The United Kingdom's Asset-Backed Securities Guarantee Scheme (U.K. Gfc), June Rhee

Journal of Financial Crises

The key structures of housing finance in the UK in the years leading up to the global financial crisis of 2007-09 consisted of retail deposits, secondary market funding and wholesale interbank lending. Although retail deposits were the major funder of UK mortgages, secondary market funding, which included covered bonds and residential mortgage-backed securities (RMBS), accounted for 31% of UK mortgage lending in 2006. In 2007, the collapse of the U.S. subprime mortgage market triggered a financial shock, and the shock quickly traveled beyond national borders. Regardless of differences in the UK mortgage market, investors’ concern over the prospects of the …

Denmark's Guarantee Scheme (Denmark Gfc), Keni Sabath

Journal of Financial Crises

The international financial system had been experiencing challenges for almost a year before the crisis truly manifested in Denmark during the Summer of 2008 with the sudden demise of Roskilde Bank, Denmark’s eighth largest bank. As more Danish banks became distressed in the fall of 2008 after the collapse of Lehman Brothers, the government determined that it was necessary to intervene in the banking sector through actions such as taking over and winding up distressed banks, giving guarantees to back up the sector, and providing capital injections and liquidity support. This paper focuses on the two different types of guarantee …

Designing The Main Street Lending Program: Challenges And Options, William B. English, J. Nellie Liang

Journal of Financial Crises

The Main Street Lending Program (MSLP) was established by the Federal Reserve to provide loans to small and mid-sized firms and large below-investment-grade firms that were financially sound before the onset of the COVID-19 pandemic. The program, which was established under the Fed’s Section 13(3) emergency authorities, is supported by capital from the U.S. Treasury and became operational in July 2020; however, utilization has been slight. We describe the economic challenges in designing a loan support program and evaluate the MSLP program in terms of how it manages significant asymmetric information, adverse selection, poor targeting, and moral hazard problems while …

Extending The Macroeconomic Impacts Forecasting Capabilities Of The National Energy Modeling System, Christa D. Court, Randall W. Jackson, Justin Adder, Gavin Pickenpaugh, Charles Zelek, Amanda J. Harker Steele

Regional Research Institute Working Papers

To comprehensively model the macroeconomic impacts that result from changes in long-term energy-economy forecasts, the United States Department of Energy’s National Energy Technology Laboratory (NETL) partnered with West Virginia University’s (WVU) Regional Research Institute to develop the NETL/WVU econometric input-output (ECIO) model. The NETL/WVU ECIO model is an impacts forecasting model that functions as an extension of the U.S. energy-economic models available from the United States (U.S.) Energy Information Administration’s National Energy Modeling System (NEMS) and the U.S. Environmental Protection Agency’s Market Allocation (MARKAL) model. The ECIO model integrates a macroeconomic econometric forecasting model and an input-output accounting framework along …

Maine Employment Change During The Early Months Of The Covid-19 Pandemic: A Shift-Share Analysis, Todd Gabe

Economic Impact Analysis

The Maine economy experienced an 11-percent reduction in employment from February to July of 2020, with job losses of 18 percent from February to April and a 10-percent increase from April to July. Of the employment decline of 57,100 jobs from February to July, about 85 percent of the loss is related to the performance of the U.S. economy, and 16 percent is associated with factors that are unique to Maine.

Over the period of extreme job loss from February to April and the employment gains that happened between April and July, there’s wide heterogeneity in the performance of industry …

Public And Private (Dis)Incentives For Animal Identification, Elliott James Dennis

Extension Farm and Ranch Management News

First paragraph:

There has been a growing global trend towards automating data collection and using captured data to inform decision-making. This has spilled over into the beef complex where packers, feedlots, and cow-calf producers seek to leverage information on animal performance, health, and welfare. The technology to automate data collection, commonly advocated as a way to manage and identify cattle, diverges from the traditional means of identifying cattle through brands. This article reviews how common different animal identification practices are for feedlots and cow-calf producers in the United States and the public and private (dis)incentives for animal identification.

Dampak Regulasi Obat-Obat Tertentu Terhadap Respon Industri Farmasi Di Indonesia, Diana Ernawati, Syarifah Liza Munira

Jurnal Kebijakan Ekonomi

This study analyzes the impact of the regulation of Spesific Drugs (OOT) applied to pharmaceutical companies producing OOT in 2018 on the number of OOT production. Using the difference-in-differences (DID) approach method, this study looked at the influence of the 5 (five) OOT groups. The results of this study indicate that there has been a decrease in the amount of OOT production which is also influenced by regulations, an increase in the price of medicinal raw materials (active drug ingredients), and the setting of finished drug prices. The variables that affect decreasing production are the generic drug class for the …

How Communities Can Connect Economic And Skills Development, Timothy J. Bartik, Brad J. Hershbein, Michelle Miller-Adams

Presentations

No abstract provided.

Recruitment And Retention Of Agriculture Teachers In The Southeast: An Empirical Analysis Of The Star Program., Kristie Guffey, Jeffrey Young

Faculty & Staff Research and Creative Activity

This article describes the collaborative efforts of various state and national agencies working together to recruit and retain agriculture teachers in the states of Kentucky, South Carolina, and Ohio. We contrast multiple measures of recruitment and retention in these states with those from the comparator states of Arkansas, West Virginia, and Alabama. The strategies outlined market to new agriculture teachers and maintain current teachers in the profession targeting work-life balance, emotional, physical and social health. These have been a focal point in the federal State Teach Ag Results (STAR) program, but the effects of participation in STAR on recruitment and …

Wheeling Area Economic Outlook: 2021-2025, Brian Lego, John Deskins

Bureau of Business & Economic Research

The Wheeling Area economy has seen large swings in economic activity over the past several years. Surging energy production and massive increases in pipeline construction activity fueled strong economic growth during 2017 and 2018. By contrast, the completion of pipeline projects and two large hospital closures weighed on area payrolls in 2019 before the COVID-19 pandemic dealt the regional economy a major blow in early-2020. In this report, we present a detailed discussion of the Wheeling Area economy along with our forecast for regional economic conditions for the next five years.

Teres: Tail Event Risk Expectile Shortfall, Andrija Mihoci, Wolfgang Karl Hardle, Cathy Yi-Hsuan Chen

Sim Kee Boon Institute for Financial Economics

We propose a generalized risk measure for expectile-based expected shortfall estimation. The generalization is designed with a mixture of Gaussian and Laplace densities. Our plug-in estimator is derived from an analytic relationship between expectiles and expected shortfall. We investigate the sensitivity and robustness of the expected shortfall to the underlying mixture parameter specification and the risk level. Empirical results from the US, German and UK stock markets and for selected NASDAQ blue chip companies indicate that expected shortfall can be successfully estimated using the proposed method on a monthly, weekly, daily and intra-day basis using a 1-year or 1-day time …

Economic Vulnerabilities Of Fishing-Dependent Households Around Laguna Lake, Philippines, Rosalina Palanca-Tan

Economics Department Faculty Publications

The study characterizes the mainly subsistence fishing communities surrounding Laguna Lake and provides empirical evidence of the economic deprivation that they are experiencing using survey data. Following a multi-dimensional approach, the paper focuses on consumption expenditures as the prime indicator of economic well-being – together with assets ownership, financial behavior, and social engagements. Regression analyses are conducted to identify the factors underlying consumption and to determine how different forms of household capital (physical, financial, and social) and fishing activities affect the capacity to generate income or livelihood. The study finds that: 1) food consumption (mainly rice) accounts for half of …

Primary Reasons For Not Attending Farmers' Market. Do Market Features And Consumer Characteristics Matter?, Autumn Milliner

Masters Theses & Specialist Projects

The number of farmers’ markets has been growing, but consumer attendance does not appear to rise at the same rate. The overall purpose of this study was to investigate primary reasons for not attending. Specific objectives were: (1) describe the consumer characteristics of individuals who do not attend farmers’ markets (2) investigate the consumer characteristics and market amenities that influence a consumer’s choice to not attend a farmers market (3) estimate the variables that impact a consumer’s level of interest in subscribing to a CSA and (4) assess and estimate the relationship between consumer characteristics and their willingness to pay …

Financial Knowledge And Portfolio Complexity In Singapore, Benedict S. K. Koh, Olivia S. Mitchell, Susann Rohwedder

Research Collection Lee Kong Chian School Of Business

Financial literacy in Singapore has not been analyzed in much detail, despite the fact that this is one of the world’s most rapidly aging nations. Using the Singapore Life Panel®, we explore older Singaporeans’ levels of financial knowledge and compare them to those observed in the United States. We assess portfolio complexity for these older households, to examine how financial literacy is related to outcomes of interest. We show that older Singaporeans’ levels of financial literacy are comparable overall to those in the United States, even though older Singaporeans score slightly lower on some dimensions (knowledge of interest and inflation), …

Federal Student Loan Servicing Accountability And Incentives In Contracts, Rajeev Darolia, Andrew Sullivan

Institute for the Study of Free Enterprise Working Papers

Student loan servicers play a critical and underappreciated role in federal student loan programs. The federal government contracts out to servicers an array of many of the most critical functions related to student loan repayment, including account management, payment processing, and the provision of information about payment plans and solutions for distressed borrowers. In fact, most borrowers’ interactions with federal student loan repayment are almost exclusively with their servicer. We aim to improve upon the scarce research literature about federal student loan servicers by exploring the complicated set of measures that determine how servicers are compensated for servicing each debtor …

Measuring The Spread Of Covid-19 In Kentucky: Do We Have The Right Data?, Kenneth R. Troske, Paul A. Coomes

Institute for the Study of Free Enterprise Working Papers

We examine various measures of COVID-19 infections, hospitalizations and deaths, with an emphasis on data for Kentucky. We find that: Data on the number of new reported cases of the disease obtained from convenience samples (as opposed to representative random samples) is an inaccurate measure of the spread of the disease in the State. Using CDC data and national studies, it appears that there were ten times the number of infections in March than reported for Kentucky at the time and by September the State is still capturing only one out of two people infected.

A better measure of new …

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

Technical Reports

No abstract provided.

Unparalleled Opportunities Or Unmitigated Risk? Economic Globalization And Its Impact On State Capacity In The Developing World, John M. Zak

Student Publications

Economic globalization is a phenomenon driving major developments in the international system. With the force of this phenomenon shaping events within states and interactions among them, the question of economic globalization’s impact on state capacity is worthy of an in-depth analysis. In this work I use economic globalization as the central explanatory variable and state capacity as the dependent variable and seek to establish an empirical relationship between the two that will offer the social science community a better understanding of how this phenomenon is shaping state capacity in developing countries. Based on available scholarship, I argue that economic globalization …

The Effects Of Medicare Payment Changes On Nursing Home Staffing, Daifeng He, P. Mchenry, J. M. Mellor

Economics Faculty Works

In light of persistent shortcomings in nursing home care quality and evidence that lower nurse staffing levels could be harmful to residents, we examine whether staffing levels are affected by changes in Medicare reimbursement rates. We exploit a 2006 change in Medicare’s methodology for adjusting provider payments for geographic differences in costs, a change that generated plausibly exogenous variation in nursing facility reimbursement rates. Our method compares facilities with higher and lower shares of Medicare resident days, which were differentially exposed to the payment changes we examine. Using panel data on US nursing homes from 2003 through 2009, we find …

Simulating Covid-19 In A University Environment, P. T. Gressman, Jennifer R. Peck

Economics Faculty Works

Residential colleges and universities face unique challenges in providing in-person instruction during the COVID-19 pandemic. Administrators are currently faced with decisions about whether to open during the pandemic and what modifications of their normal operations might be necessary to protect students, faculty and staff. There is little information, however, on what measures are likely to be most effective and whether existing interventions could contain the spread of an outbreak on campus. We develop a full-scale stochastic agent-based model to determine whether in-person instruction could safely continue during the pandemic and evaluate the necessity of various interventions. Simulation results indicate that …

Covid-19 Pandemic And Nepal: Issues And Perspectives, Basu Sharma, Ambika P. Adhikari

Himalayan Research Papers Archive

Asta-Ja USA and Asta-Ja RDC published the book “Issues and Perspective on the Covid-19 and Nepal” in December 2020. Edited by Basu Sharma and Ambika P. Adhikari, the book contains 12 papers by 17 authors. The 173-page book is a part of Asta-Ja’s Occasional Paper Series and addresses some of the key impacts of the ongoing Covid-19 pandemic in Nepal, and proposes some policy recommendations to mitigate those impacts. The book covers the areas of how agriculture, food production, employment, urban planning, economy, public health and research activities are impacted by the Covid-19 pandemic. The authors review the pandemic’s impact …

Borderplex Business Barometer, Volume 4, Number 10, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana

Border Region Modeling Project

No abstract provided.