Digital Commons Network^™

Central Bank Bilateral Currency Swap And Trade Flows : An Implication For Renminbi Internationalization, Abdullahi Ahmed Mohammed

Lingnan Theses (MPhil & PhD)

The emerging economic prosperity of China and its increasing economic integration with the rest of the world as the second largest economy seems to give China an edge to amplify its global competitiveness. For example, the accession of China to World Trade Organization in the early 2001 has intensified its rapid GDP growth, growing trade and current account surpluses, financial inflows and growing stockpiles of reserves holdings. The global financial crisis of 2008 nearly put a halt to China’s export-led and current account surpluses trajectory, in 2007 China’s current account surplus fell from 10% of GDP to about 2% in …

Economic Growth In Mountain West Metropolitan Areas, Ember Smith, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights trends in America’s economic progress, demonstrating how four metropolitan statistical areas (MSAs) in the Mountain West region (Salt Lake City, Phoenix-Mesa-Scottsdale, Las Vegas-Henderson-Paradise, and Denver-Aurora-Lakewood) fared from 2016 to 2017 and from 2007 to 2017 compared to the national economy and the 100 largest metropolitan economies.

On Her Own Account: How Strengthening Women’S Financial Control Impacts Labor Supply And Gender Norms, Erica Field, Rohini Pande, Natalia Rigol, Simone Schaner, Charity Troyer Moore

Discussion Papers

Can greater control over earned income incentivize women to work and influence gender norms? In collaboration with Indian government partners, we provided rural women with individual bank accounts and randomly varied whether their wages from a public workfare program were directly deposited into these accounts or into the male household head’s account (the status quo). Women in a random subset of villages were also trained on account use. In the short run, relative to women just offered bank accounts, those who also received direct deposit and training increased their labor supply in the public and private sectors. In the long …

The Effect Of Smoking On Kentucky’S Workforce, Michael W. Clark, Jenny A. Minier, Charles J. Courtemanche, Bethany L. Paris, Michael T. Childress

CBER Research Report

Excerpt from the Executive Summary:

Smoking has been estimated to increase health care costs in the United States by $167.5 billion annually (Xu et al. 2015). In Kentucky, smoking adds $2.5 billion in health care expenditures each year. Most of these costs were paid by public programs such as Medicaid and Medicare. While these costs are significant, they represent only a portion of the costs that smoking imposes on society. Smoking also leads to poorer labor market outcomes. Smokers are more likely to be unemployed, earn lower wages, and die prematurely than non-smokers. These negative labor market effects reduce economic …

Digital Health Support In Treatment For Tuberculosis, E. Yoeli, J. Rathauser, Syon Bhanot, M. K. Kimenye, E. Masini, P. Owiti, D. Rand

Economics Faculty Works

No abstract provided.

Empowerment, Resistance And The Birth Control Pill: A Feminist Analysis Of Contraception In The Developing World, Abigail S. Trombley

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

The vast majority of literature on the use of contraception focuses on its frequently documented connection to socioeconomic development. Thus, contraception has become a favored programmatic element of western organizations that deliver it to women in the developing world. I analyze discourse from transnational organizations that advocate for women’s use of birth control in the developing world, as well as deliver contraceptive services themselves, in order to uncover the dominance of liberal, capitalist assumptions therein. A primary consequence of this discourse is the reconstruction of colonial relations between the global north and global south. My alternative analysis, informed by a …

The Cost Of The Culturati: Studying The Neighborhood Stability Impact Of Cultural District Designations, Prakash Mishra

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

The decision to declare a district for a specific cause is a critical policy decision; making an area an official office park or designated cultural site means it will attract specific types of residents and businesses and require specific amenities. This paper reviews the impact of designating a cultural district as a place-based policy, specifically by developing a measure of neighborhood stability and applying a stress test of neighborhood stability in cultural districts during the Great Recession. The model underpining the neighborhood stability measure is an optimal stopping time model which frames neighborhood rents as a Brownian motion with drift. …

Volume I | Issue Ii | 2019.Pdf, Dujpew Editorial Board

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

No abstract provided.

Masthead 2019, Dujpew Editorial Board

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

No abstract provided.

Letter From The Editor 2019, Dujpew Editorial Board

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

No abstract provided.

Potential Economic Impact Of The Goshen/Gering-Ft. Laramie Tunnel Collapse, Jessica J. Groskopf

Cornhusker Economics

Goshen and Scotts Bluff Counties reside in the High Plains and receive less than 16 inches of average annual precipitation. This low precipitation makes surface-water irrigation a critical component of modern agriculture in this area. Farmers in these counties produce irrigated alfalfa hay, corn, sugar beets, and dry edible beans, as well as other hay and crops.

Surface-water refers to water derived from melted snow that is delivered through a series of dams and canals from the mountains of Colorado and Wyoming along the North Platte River. This infrastructure, often referred to as “The North Platte Project,” was built by …

An Addiction To Capitalism: A Rhetorical Criticism Of Mainstream Environmentalism, Jake Engel

IdeaFest: Interdisciplinary Journal of Creative Works and Research from Cal Poly Humboldt

No abstract provided.

Unintended Impacts From Forest Certification: Evidence From Indigenous Aka Households In Congo, Jacqueline M. Doremus

Economics

Does Forest Stewardship Council (FSC) certification of “responsible” commercial forestry change nutrition, health and wealth for indigenous peoples, like the Aka of the Congo Basin? Using hand-collected data from the boundary of a certified and an uncertified forest in the Republic of Congo five years after certification, I compare nutrition, health, and wealth using questions that are locally salient and survey timing designed to reach seminomadic hunter-gatherers. Though I only observe outcomes after certification, using a spatial regression discontinuity design I find suggestive evidence that activities to satisfy forest certification may cause increased food insecurity and illness frequency for Aka …

Organic Wheat Prices And Premium Uncertainty: Can Cross Hedging And Forecasting Play A Role?, Tatiana Drugova, Veronica F. Pozo, Kynda R. Curtis, T. Randall Fortenbery

Applied Economics Faculty Publications

We compare the volatility of organic wheat prices to that of conventional wheat prices using historical measures. To reduce uncertainty, we examine the possibility of cross hedging using conventional wheat futures and the ability of futures to forecast the organic premium. Results provide evidence that conventional futures can be used to cross hedge organic wheat price risk, but results depend on the method used to impute the missing values. We also find a long-run equilibrium relationship between organic wheat prices and conventional wheat futures prices. Finally, futures prices contain some information useful in predicting organic prices in the short run.

Social Exclusion, Ambiguity And (Ir)Rationality, Annette Krauss, Donald J. Brown

Cowles Foundation Discussion Papers

This working paper extends the methodology of non-smooth affective portfolio theory (APT) for eliciting (IR)rational preferences of investors endowed with continuous quasilinear utility functions, where assets are portfolios of risky and ambiguous state-contingent claims. The elicitation is a solution of the affective Afriat inequalities;see technical appendix 1. Solving the smooth affective Afriat inequalities is Np-hard; see technical appendices 2, 3, and 4. The proposed extension is a methodology for the elicitation of (IR)rational preferences of individuals endowed with random continuous quasilinear utility functions defined over finite subsets of discrete social goods as a refutable model of social exclusion in the …

On Her Own Account: How Strengthening Women’S Financial Control Impacts Labor Supply And Gender Norms, Erica Field, Rohini Pande, Natalia Rigol, Simone Schaner, Charity Troyer Moore

Cowles Foundation Discussion Papers

Can greater control over earned income incentivize women to work and influence gender norms? In collaboration with Indian government partners, we provided rural women with individual bank accounts and randomly varied whether their wages from a public workfare program were directly deposited into these accounts or into the male household head’s account (the status quo). Women in a random subset of villages were also trained on account use. In the short run, relative to women just offered bank accounts, those who also received direct deposit and training increased their labor supply in the public and private sectors. In the long …

The Economics Of Social Data, Dirk Bergemann, Alessandro Bonatti, Tan Gan

Cowles Foundation Discussion Papers

A data intermediary acquires signals from individual consumers regarding their preferences. The intermediary resells the information in a product market wherein firms and consumers tailor their choices to the demand data. The social dimension of the individual data -whereby a consumer’s data are predictive of others’ behavior- generates a data externality that can reduce the intermediary’s cost of acquiring the information. The intermediary optimally preserves the privacy of consumers’ identities if and only if doing so increases social surplus. This policy enables the intermediary to capture the total value of the information as the number of consumers becomes large.

Holding Hospitals Accountable? Evidence On The Effectiveness Of Minimum Charity Care Provision Laws, Michah W. Rothbart, Nara Yoon

Center for Policy Research

What can governments do to encourage nonprofit hospitals to provide greater benefits to their communities? Recent efforts by the federal and state governments seek to hold hospitals accountable for community health, in part by incentivizing charity care provision. Laws that set benchmarks for charity care spending are increasingly used, but their efficacy is uncertain. In this study, we examine the extent to which Illinois’ minimum charity care provision (MCCP) law increases nonprofit hospital charity care. Importantly, we differentiate between responses for hospitals required to provide minimal charitable spending (nonprofits) and those that are not (for-profit and public). We use detailed …

The Effect Of Perceived Corruption On Voter Turnout In Post-Communist Countries In The European Union: Evidence From The Life In Transition Survey Iii, Ivana Pancurakova

Theses and Dissertations

This paper measures the effect of perceived corruption on voting in post-communist countries in the EU using probit models, Dong and Lewbel’s special estimator, and two stage least squares models. Corruption has a significant and negative effect on voter turnout even when controlling for the endogeneity in the corruption variable.

How The Behaviors Of Some East Texans May Affect Their Health - September 2019, Manuel Reyes-Loya, Marilyn Young, Ayush Kumar

Hibbs Newsletter

In this issue, we complement our previous edition, discussing some additional aspects of Health Status in the U.S. with a focus on East Texas.

Economic Impact Study: Kent County Parks, Grand Valley State University, Christian Glupker

Other Faculty Publications

This study will focus on the economic impact of Kent County Parks from three perspectives:

• Spending resulting from park visitors
• Revenue generated by Kaufman Golf Course and Millennium Park beach
• Spending by Kent County Parks

Better Together: Improving Food Security And Nutrition By Linking Market And Food Systems, Martha Cruz Zuinga, Monty L. Lynn, Elly Kaganzi Mwesigwa, Dan Norell, Vidhya Sriram, Emmanuel Tumusiime

Management Sciences

Market-based approaches to food security often increase agricultural productivity and income yet sometimes fail to enhance nutrition. When food security programming combines market and food systems with a specific focus on women and girls, economic and nutrition outcomes benefit. We identify distinctive and shared elements from market and food systems and highlight how they enhance nutrition outcomes when they are combined. We describe food security programming by CARE and World Vision in Bangladesh, Ethiopia, Madagascar, Zambia, and Zimbabwe, demonstrating nutrition gains in food insecure households.

California Paid Family Leave And Parental Time Use, Samantha Trajkovski

Center for Policy Research

Paid family leave policies are intended to help working parents fulfill their work and child care responsibilities by providing them with paid time off from work after the birth of a child. While other research has shown that paid leave policies increase leave-taking among parents, little is known about how parents of infants spend their time while they are on leave and shortly after returning to work. Using the American Heritage Time Use Study and taking a difference-in-differences approach, this paper shows that the California Paid Family Leave policy led to an additional six hours per week mothers spend on …

Transaction Costs In Water Transfers: The Issue Of Local Control, Mark T. Kanazawa

Department of Economics Working Paper Series

As water becomes increasingly scarce relative to demand, it becomes increasingly important to maximize the value that we derive from it. For years, economists have been advocating increased reliance on water markets as a means of rationalizing water use, the objective being to facilitate the allocation of water to its highest-value uses.1

Yet in many parts of the arid West, water markets have been surprisingly slow to take hold. Despite some recent progress, perhaps nowhere is this truer than in California.2 The conditions of extreme drought recently experienced by the state make it even more incumbent to better understand why …

The Other America: Inequality, Taxes, And The Very Rich, Jenny Bourne

Department of Economics Working Paper Series

Effective tax rates are lower than statutory rates for wealthy people because they receive much income from capital, capital income receives preferential treatment, and recognition of capital

income is often voluntary. I calculate taxes paid as a percentage of wealth using linked estate- income data. Single itemizers with wealth of at least $2 million in 2007 paid less than 3 percent

of wealth in annual taxes, with the richest paying the smallest fraction. Changes enacted in the Tax Cuts and Jobs Act of 2017 favor those at the top. The estate tax remains one tool that may curb extreme wealth …

Introduction, Ezra Rosser

Contributions to Books

This is the introduction to Holes in the Safety Net: Federalism and Poverty (Ezra Rosser ed., Cambridge University Press, 2019). The table of contents for the book, with links to the other chapters, can be found below: Introduction (this document) Ezra Rosser Part I: Welfare and Federalism Ch. 1 Federalism, Entitlement, and Punishment across the US Social Welfare State Wendy Bach Ch. 2 Laboratories of Suffering: Toward Democratic Welfare Governance Monica Bell, Andrea Taverna, Dhruv Aggarwal, and Isra Syed Ch. 3 The Difference in Being Poor in Red States versus Blue States Michele Gilman Part II: States, Federalism, and Antipoverty …

Borderplex Business Barometer, Volume 3, Number 9, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana

Border Region Modeling Project

No abstract provided.

Key Elements Of Environmental Justice In The Geothermal Power Plant Resistance Movement, Priyo Fajar Santoso, Bevaola Kusumasari

Jurnal Politik

Geothermal energy is currently considered as an environmentally friendly, renewable energy source. However, based on empirical data from various countries, geothermal energy production often results socioecological losses for the host community. Various environmental justice movements have emerged to protect environment by protestesting and providing a counter discourse against the dominant perception that geothermal energy is renewable and environmentally friendly. As Indonesian government put more effort to develop more geothermal power thermal across the country, more reactions also emerge and surprisingly include the critical one. This article aims to look at one of the critical reaction from community to counter the …

New Factor Structure Models And Idiosyncratic Volatility, Ossama Elhadary

Dissertations, Theses, and Capstone Projects

In this dissertation, I propose new factor structures that are based on the Fama-French style factors but include additional locations like the industry groups and the exchanges where the stocks are traded. I show that the stock returns are clustered around the industry groups and the exchanges. Idiosyncratic volatility calculated using the new factor structure models tend to be smaller than those calculated using the traditional Fama-French model. By sorting portfolios using the idiosyncratic volatility computed using the new factor models, a trader can gain larger profits compared to sorting the portfolio using the traditionally calculated idiosyncratic volatility.

Singapore As A Sustainable City: Past, Present And The Future, Tomoki Fujii, Rohan Ray

Research Collection School Of Economics

This paper outlines Singapore’s major sustainability challenges and its policy response in the areas of land use, transportation, waste management, water, and energy. We review the current and past Concept Plans from the perspective of sustainable land use and provide an overview of transportation policy in Singapore. We also examine Singapore’s policies to manage increasing wastes and review the four tap water management plan. Finally, we look at various initiatives by the government for sustainable use of energy. While Singapore has been successful in many ways in transforming itself into one of the most prosperous and sustainable cities in the …