Digital Commons Network^™

Suggestions On Expanding Application Scenarios Of Commercial Aerospace Market, Mengru Dong, Chaofeng Huang, Ningyi Yang, Yu Yao, Yafeng Qin

Bulletin of Chinese Academy of Sciences (Chinese Version)

Expanding the application scenarios of the commercial aerospace market is an inevitable requirement for promoting the transformation and upgrading of the space industry and achieving the strategic goal of becoming a leading space power. Currently, the development of China’s commercial aerospace is in a critical transition period from technological breakthroughs to market expansion. However, there are still problems such as insufficient participation of private enterprises, low penetration of consumer markets, and insufficient competitiveness in the international market, and a sustainable and benign commercial closed loop has not yet been formed. The study analyzes the current situation of commercial aerospace market …

Reflections On Improving Industrial Investment And Financing Environment To Promote Healthy Development Of Commercial Aerospace, Cuilin Wu, Chao Zhang, Quan Cheng, Hongyu Wu

Bulletin of Chinese Academy of Sciences (Chinese Version)

As a new frontier in global technological competition, the sustainable development of the commercial aerospace industry highly depends on a sound and efficient investment and financing environment. Although China’s commercial aerospace investment and financing system has achieved initial progress, it still faces multiple challenges, including imbalanced capital structure, insufficient risk-sharing mechanisms, and weakened market incentives, which constrain industrial innovation and competitiveness. This study systematically analyzes the current status and main challenges of China’s commercial aerospace investment and financing environment and draws on international experience to propose following optimization strategies. First, improve the structure of capital supply and expand diversified financing …

Thoughts On Reform Of Fiscal S&T System Under Public Finance System, Wei Xue, Xuan Wang, Yunqiqige Wu

Bulletin of Chinese Academy of Sciences (Chinese Version)

Finance is the foundation and important pillar of national governance, a perfect financial science and technology system is of great significance for promoting scientific and technological progress, optimizing financial science and technology management, and enhancing the effectiveness of financial science and technology funds. This study discusses the main features of the financial science and technology system under the framework of public finance, summarizes the relevant reform achievements in China in recent years, identifies the main problems, clarifies the practices of innovative countries such as the United States, Germany, Britain, and Japan, and puts forward policy suggestions for further deepening the …

The Southern Nevada Care Economy: Addressing Child Care And Elder Care Challenges, The Lincy Institute

Lincy Institute Events

This community forum examines the economic and societal impact of the “care economy” in Southern Nevada in collaboration with Tripp Umbach, a nationally recognized consulting firm that provides comprehensive services including research and strategic plans to further the operations and activities of healthcare services.

Central to the care economy is elder care and child care. Having access to elder care and child care services is essential to working age adults, many of whom need one or both types of services to continue participating in the workforce. The delivery of child care and elder care services have far-reaching implications for our …

Predicting Rail Transit Impacts With Endogenous Worker Choice: Evidence From Oahu, Justin Tyndall

Upjohn Institute Working Papers

The provision of public transportation can improve the accessibility of work opportunities. However, predicting the labor market effects of new transit infrastructure is difficult because of endogenous worker decisions. I examine a large public-transit rail project on the island of Oahu, Hawaii. Using block-level commuter-flow and travel-time estimates, I propose and estimate a quantitative spatial model of location and mode choice for workers. I estimate that the new rail system increases public-transit-mode share and the employment rate but does not reduce the average commute duration, because of endogenous worker sorting. Low-income workers on Oahu capture a significant share of transit’s …

Nevada’S Care Workforce: Obstacles And Opportunities For Policymakers, David Damore, Caitlin J. Saladino, William E. Brown Jr., Fatma Nasoz

Policy Briefs and Reports

The care economy includes “the paid and unpaid labor and services that support caregiving in all its forms.” This work includes caring for children, the elderly, and those who are ill or have disabilities. Care work is often undervalued, underpaid, and without a fair system of work benefits in place (e.g. contracts, paid leave, workers’ rights) that in many cases falls disproportionately on women and communities of color. In this policy brief, we examine the care economy in Nevada by focusing on three areas of care: (1) child care; (2) elder care; and (3) mental and behavioral health care. In …

The Southern Nevada Care Economy: Challenges And Opportunities, Tripp Umbach

Policy Briefs and Reports

National policymakers increasingly recognize the care economy as an essential economic driver, contributing $648 billion annually to the U.S. economy and supporting 3.6 million jobs. The care economy is also critical in driving economic development and prosperity in Southern Nevada. Yet, as this Tripp Umbach analysis finds, Southern Nevada’s care economy dramatically underperforms compared to national benchmarks and peer regions. High caregiving costs and limited access to care for children, seniors, and individuals with disabilities in Southern Nevada strain families, businesses, and public resources. This burden reduces workforce participation, productivity, and economic growth. Low pay and high turnover among care …

Growers’ Perceptions And Strategies To Mitigate Spring Frost Injury In Grapevines, Vinicius Cervilieri, Imed Dami, Guilherme Signorini

Journal of Extension

Uncertain weather patterns raise concerns about frequent spring frosts and injury in grapevines. This article quantifies growers’ perceptions of susceptibility to spring frosts and examines their satisfaction with existing mitigation strategies. Departing from a survey with grape growers, results show that over 80% of sampled growers have experienced damage due to frosts. Over-vine sprinklers, proper site selection, and adoption of late budding cultivars are the practices with the highest satisfaction levels. None of the strategies examined reached the highest satisfaction score. In addition, 61% of respondents showed interest in sprayable products to delay budbreak and circumvent grapevine damage.

Assessing Economic Losses With Covid-19 Integrated Models: A Retrospective Analysis, Timothy Robin Teng, Elvira De Lara-Tuprio, Joselito T. Sescon, Cymon Kayle Lubangco, Rolly Czar Joseph T. Castillo, Mark Anthony C. Tolentino, Maria Regina Justina E. Estuar, Lenard Paulo V. Tamayo, Christian E. Pulmano

Mathematics Faculty Publications

The COVID-19 pandemic led to a global crisis that forced governments to implement restrictive measures to control the spread of the disease. Although these restrictions, such as community quarantines, played a pivotal role in stabilizing healthcare systems, they also caused forced closures of various economic sectors that resulted in huge societal costs and severely impacted the marginalized. In order to understand and quantify the economic impact of the COVID-19 pandemic in the Philippines, an integrated modeling approach, which combined an epidemiological compartmental model and an economic model, was utilized. The evolving nature of COVID-19 required continuous updating of the integrated …

Strengthening Work Requirements? Forecasting Impacts Of Reforming Cash Assistance, Josep M. Nadal-Fernandez, Gabrielle Pepin, Kane Schrader

Upjohn Institute Working Papers

Work requirements are perhaps the most controversial aspect of the Temporary Assistance for Needy Families (TANF) program, America’s sole federal cash assistance program for low-income families with children. In 2025, for the first time in nearly 20 years, the Fiscal Responsibility Act of 2023 (FRA) will implement policy changes intended to strengthen states’ work requirements. However, researcher’ and policymakers’ understanding of how FRA will impact states’ compliance with federal requirements is hampered by a lack of research and publicly available data.

We tie information from reports submitted to the U.S. Department of Health and Human Services that are collected to …

How Can Monetary Policy And Digitalization Enhance Economic Productivity Among Oic Members?, Basri Basri, Muhammad Akbar Ramadhani

Journal of Middle East and Islamic Studies

Studi ini bertujuan untuk menentukan dampak suku bunga, jumlah uang beredar, dan pengembangan TIK terhadap PDB per kapita dengan menggunakan pendekatan panel heterogen dinamis (panel ARDL) pooled mean group (PMG). Temuan kami menunjukkan bahwa kebijakan moneter memainkan peran penting bagi pendapatan per kapita di seluruh negara OKI pada tingkat pendapatan yang berbeda. Bagi OKI secara keseluruhan, suku bunga memiliki dampak positif dalam jangka panjang tetapi tidak berpengaruh dalam jangka pendek. Bagi sebagian besar LMIC dan UMIC, kenaikan suku bunga cenderung meningkatkan pendapatan per kapita, sedangkan bagi sebagian besar negara LIC, hubungannya negatif. Jumlah uang beredar memiliki dampak negatif terhadap pendapatan …

Likert Scale Variables In Personal Finance Research: The Neutral Category Problem, Blain Pearson, Donald Lacombe, Nasima Khatun

Finance and Economics

Personal finance research often utilizes Likert-type items and Likert scales as dependent variables, frequently employing standard probit and ordered probit models. If inappropriately modeled, the "neutral" category of discrete dependent variables can bias estimates of the remaining categories. Through the utilization of hierarchical models, this paper demonstrates a methodology that accounts for the econometric issues of the neutral category. We then analyze the technique through an empirical exercise relevant to personal finance research using data from the National Financial Capability Study. We demonstrate that ignoring the "neutral" category bias can lead to incorrect inferences, hindering the progression of personal finance …

Economic Vitality Index: Mapping Michigan’S 83 Counties, Sevrin Williams, Iryna V. Lendel

Reports

No abstract provided.

Lead-Lag And Volatility Point Change Estimations For Cryptocurrencies, Jules Clement Mba, Jenipher Mutale, Ehounou Serge Eloge Florentin Angaman

Journal of Banking and Financial Economics

This study investigates the lead-lag relationships and volatility dynamics among four major cryptocurrencies – Bitcoin, Ethereum, Solana, and Polygon – during the turbulent year of 2022. We address three primary research questions: (1) To what extent do lead-lag relationships exist among major cryptocurrencies, and how do they challenge or support the notion of market efficiency in the crypto space? (2) How do volatility change points in different cryptocurrencies relate to each other and to major market events? (3) How can the identification of lead‑lag relationships and volatility change points inform cryptocurrency investment strategies and risk management practices? Using a continuous-time …

Resource Gaps For Minority Entrepreneurs In The Dayton Ecosystem, Iryna V. Lendel, Megan Zabik, Molly Schnoke, Jack Yochum

Reports

No abstract provided.

A Method To Incorporate Transition Risk Stress Testing Into Probability Of Default (Pd) Models For Retail Portfolios, Aneta Ptak-Chmielewska, Paweł Kopciuszewski, Alvaro Fernandez Toledo

Journal of Banking and Financial Economics

Climate risk is one of the type of risks in a bank’s portfolio which is not fully recognized, and its impact on the future overall risk changes is hidden due to lack of sufficient knowledge at the moment. One of the most common data comes from Network for Greening the Financial System (NGFS) scenarios related to climate change (physical risk) and climate policy and technology trends (transition risk). In the paper we focused on the transition risk scenarios and their impact on the economy and in particular on credit risk. Our main goal was to check the tendency in the …

The Welfare Effects Of Including Household Preferences In School Assignment Systems: Evidence From Ecuador, Gregory Elacqua, Isabel Jacas, Thomas Krussig, Carolina Méndez, Christopher Neilson

Discussion Papers

We partner with Ecuador’s government to implement a centralized school choice system using a Deferred Acceptance algorithm in Manta. Our study evaluates the welfare impact of transitioning from a distance-based assignment system to one that incorporates families’ preferences. Results show that accounting for preferences yields substantial welfare gains. Counterfactual analyses suggest that alternative mechanisms offer limited improvements compared to the benefits of preference inclusion and coordinated assignments. Household survey data on beliefs and satisfaction support these findings, indicating that centralized school choice systems can deliver significant welfare effects in developing countries.

Pakistan@2050: Demographic Change, Future Projections, And Development Opportunities, Population Council

Population Policy and Demographic Analysis

Pakistan@2050 is a unique volume that provides comprehensive evidence and insights into the linkages between population dynamics and development. It illustrates Pakistan’s position regarding demographic transition and offers a regional comparison. The study highlights how population trends and dynamics significantly shape development outcomes, emphasizing the need to integrate these factors into both short-term and, most importantly, long-term planning and policy decisions. Long-term planning in Pakistan has faced persistent challenges related to poverty, climate change, and a tendency towards reactive rather than proactive interventions. These approaches often overlook the impact of high population growth on development gains.

It is vital to …

Interest Groups And Central Banking, Louis Rouanet, Michael Wroblewski

Hunt Institute Working Paper Series

This chapter offers an alternative approach to the public interest theory of central banking.Instead of interpreting the history of central banking as attempts to solve market failures, we suggest that central bank behavior can be best explained by studying the constraints faced by members of various interest groups, including members of the central banks themselves. Instead of looking uniquely at how private decisions in commercial markets shape central banks’ decisions, we argue that central bank behavior is best predicted when applying the tools of economics to politics, i.e., when using Public Choice.

The Role Of Demographic Change In Explaining Declining Labor Force Participation, Manoj Atolia, John Gibson, Felix Rioja

Hunt Institute Working Paper Series

The labor force participation rate has been declining in the United States since the late 1990s. Decomposing the aggregate labor force participation rate by age reveals that this decline is being driven by reduced participation among relatively young individuals, those aged 16 to 24. In fact, participation among older individuals, age 55 and above, has been increasing. In this paper, we develop a model in which individual decisions regarding schooling and retirement, in view of empirically observed changes in mortality, can simultaneously explain these three labor force participation trends. Furthermore, a counterfactual scenario that accounts for the observed demographic trends …

The Heterogeneous Effects Of Cannabis Dispensaries On Crime: The Importance Of Foot Traffic, Thomas Lebesmuehlbacher, Justin Roush, Rhet A. Smith

Hunt Institute Working Paper Series

This paper pairs exact dispensary locations with city block level crime data to study the impact of medical cannabis dispensaries on crime in the state of Florida from 2016-2019. Leveraging a Florida state law that requires broadly uniform security provisions across dispensaries, we capture important dispensary heterogeneity by incorporating customer volume and local non-dispensary foot traffic with smartphone geopositional data. We use not-yet-operational dispensary locations as a control group and a geo-spatial difference-in-differences framework and find reductions in larceny, vehicle burglary, and motor vehicle theft following the opening of high-volume dispensaries. We fail to find evidence of similar deterrent effects …

A Life Without Imf: Pakistan Needs To Work Systematically To Enhance Its Capacity To Generate Additional Net Foreign Exchange Earnings Compared To The Current Levels., Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

After the approval of the IMF Board of Pakistan’s request for a 37-month Extended Fund Facility, there were strong voices from the Prime and Finance Ministers that this would be the last program with the IMF. We have heard such pronouncements before, but they have not been translated into action. A broad consensus is emerging that it is in Pakistan’s best interests to exit to regain control over economic decision-making, set its priorities and their phasing, timing and sequencing, and get out of a straitjacket framework of short-term performance criteria. How can we ensure that this rhetoric is turned into …

Montana's Trail To The Stars: Understanding Stargazing In Eastern Montana And Beyond, Carter Bermingham, Ava Worbets, Melissa Weddell

Institute for Tourism and Recreation Research Publications

Night sky recreation is an emerging yet relatively unexplored segment of the tourism industry within Montana. Despite being home to some of the darkest skies in the nation, little is known about those who choose to stargaze in Montana. This study was designed to gather insights from previous visitors to Montana to better understand night sky recreation in the state and how visitors perceive Montana’s night skies. Part of the research purpose also was to provide information on respondents who visited a site along Montana’s Trail to the Stars, a collaborative effort between Southeast Montana, Central Montana, and the Missouri …

An Empirical Test Of Auction Efficiency: Evidence From Mbs Auctions Of The Federal Reserve, Pietro Bonadi, Ali Hortacsu, Zhaogang Song

Research Collection Lee Kong Chian School Of Business

PurposeWe estimate the marginal cost curve of each dealer in each auction, based on structural models of the multiunit discriminatory-price auction.Design/methodology/approachAuction theory has ambiguous implications regarding the relative performance of three formats of multiunit auctions: uniform-price, discriminatory-price and Vickrey auctions. We evaluate the performance of these three auction formats using bid-level data of the Federal Reserve’s purchase auctions of agency MBS from June 2014 through November 2014.FindingsOur results suggest that neither uniform-price nor Vickrey auctions outperform discriminatory-price auctions in terms of the total expenditure. However, Vickrey auctions outperform discriminatory-price auctions in terms of efficiency, with the efficiency gain around 0.74% …

What Have Corporations Got To Do With It? A Political Economy Approach To Organizations And Climate Change, Annika Rieger

Research Collection School of Social Sciences

Ecological issues are often seen as only one of the many “problems” societies face today, even though they go deep and affect everything – from physical disruption and displacement to perhaps more subtle long-term changes in temperature, flora, and fauna that alter the face of the planet and the norms of everyday life. As a result of this view, the study of the environment has been siloed into the realm of “environmental sciences” with a few “environmental fill-in-the-social-science-blank” subfields scattered about. This is not to say that only “environmental” problems are important, but that across all disciplines and subfields, greater …

Enhancing Law And Policy For Women’S Empowerment And Participation In The Maritime Sector, Jattu Bridget Koroma

World Maritime University Dissertations

No abstract provided.

Factors Influencing Households’ Willingness To Adopt Rooftop Solar Power In The Philippines, Rosalina Palanca-Tan

Economics Department Faculty Publications

The Philippines is endowed with vast solar potential. Through rooftop solar power (RTSP), households directly participate in the clean energy transition, expanding renewable energy supply to meet increasing energy demand and effectively lowering electricity costs for themselves. Yet, RTSP in the country remains largely untapped. Using the Contingent Valuation framework, this study conducted a survey of households in Metro Manila and its neighboring provinces to identify the factors that influence adoption and willingness to pay for RTSP. Survey results reveal that both economic (mainly electricity bill reduction) and environmental benefits are well-recognized and positively correlated with RTSP adoption. The study …

A Practical Guide To Driving Financial Inclusion Through Cbdcs, Heng Wang

Research Collection Yong Pung How School Of Law

Welcome back to our blog series exploring the potential that central bank digital currencies (CBDCs) hold to positively impact individuals that are currently unserved or underserved by financial systems globally. Together with Professor Wang, we first delved into the challenges and opportunities of driving financial inclusion, and how CBDCs could serve as an important mechanism in ensuring that no one is excluded from financial services – or our increasingly digital economies and societies. In our second blog we then examined how CBDCs can be intentionally designed to drive financial inclusion. In this third and final piece, Professor Wang offers a …

A Study Of Factors Influencing Tourism Service Quality: A Comprehensive Review And Analysis, Gowhar Ahmad Wani Dr, Rubeena Khaliq Dr, Ayoub Khan Dawood Dr, Aamir Majeed Parray

Journal of Tourism Insights

This study delves into an in-depth analysis of the intricate factors that shape service quality within tourism destinations situated in the Kashmir Valley. The principal objective of this research is to meticulously scrutinize the diverse elements that wield influence over service quality, with a particular emphasis on the pivotal role played by infrastructure in the delivery of services. To achieve this objective, the research encompasses an empirical verification process that takes into account infrastructure-dependent, independent, and other pertinent factors.

The nature and extent of these determinants are subjected to rigorous scrutiny at an individual level across five distinct destinations, employing …

Occupational Projections For Skilled Trades In Kalamazoo County, 2023-2032, Sevrin Williams, Michael Horrigan, Iryna V. Lendel

Upjohn Institute Technical Reports

No abstract provided.