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Western Australian Regional Development Trust Annual Report 2022-23, West Australian Regional Development Trust

Western Australian Regional Development Trust Annual Reports

The Trust is an independent statutory advisory body to the Minister, established under the Royalties for Regions Act 2009 (Act).

The functions of the Trust are to provide advice and make recommendations to the Minister:

• for the purposes of sections 5(2) and 9(1) of the Act; and
• on any other matter relating to the operation of the Fund that is referred to it by the Minister.

In addition to its monitoring and advisory role, the Trust also works to engage and enhance relationships with key regional stakeholders and influencers to promote greater collaboration and innovation in the delivery of regional …

Striving Toward Bitcoin Price Stability: Second-Layer Money And The Case For Real Bills, Scrip & Notes, Eduardo Blasco, Carlos García De Enterría

Journal of New Finance

Monetary systems comprise various layers of real and financial assets arranged hierarchically. Due to its properties, Bitcoin is a suitable asset to become the base money of a monetary system once its price has stabilized and people see it more like a medium of exchange than an investment. We review Bitcoin’s characteristics and explain their effect on its intra- and inter-temporal liquidity. We argue that Bitcoin will lower its bid-ask spread once users adopt financial assets convertible to Bitcoin. We propose the use of three financial assets working as Bitcoin derivatives to reduce Bitcoin’s demand shocks and lower its volatility: …

The Impact Of Fdi And Financial Depth On Eu Regional Growth: Income And Spatial Heterogeneity, Marialena Petrakou, Randolph Luca Bruno, Nick Phelps

Economic and Business Review

Background and objective: The paper explores the impact of foreign direct investment and financial development on regional growth at the EU regional level for 2005–2017. Both FDI and financial development are important determinants of the regions’ growth, but not for all EU regions homogeneously. Some EU regions seem to benefit more than others, depending on certain characteristics, which implies that FDI attraction policies need to bear in mind not only country specificities, but also regional specificities, hence confirming the need for developing FDI attraction policies at the subnational level: financial development, capacity building, and Investment Promotion Agencies are key, …

Economic Model Of Unipolar World Order: Divestment In Central And Eastern European Countries, Mariia Lavrovna Gorbunova, Igor Dmitrievich Komarov, Tatiana Dmitrievna Komarova

Economic and Business Review

Research relevance: Investment processes are not free from the influence of the political situation and relations between states. The Central and Eastern European countries (CEE) take part in a liberal segment of the global financial system and have a comparatively peripheral position as latecomers to the EU. Due to this fact their economic model is the most consistent with the principles of the liberal world order.

Purpose: The purpose of this paper is to assess and interpret the investment/divestment process in Central and Eastern European countries and comparable financial systems in the political economy and geopolitical framework to consider the …

Macroeconomic Drivers, Governance, And Foreign Direct Investment In Central And Eastern European Countries (Ceecs), Parfait Bihkongnyuy Beri, Gabriel Mhonyera

Economic and Business Review

Background and objective: The transition to market-oriented economies in CEECs entailed significant structural economic and institutional reforms. Over the past years, studies have investigated how these reforms affected foreign direct investment (FDI) inflows. However, the evidence remains debatable and varies across countries. This study provides new insights by considering the impact of macroeconomic factors, governance, and the moderating effect of governance on the macroeconomic drivers–FDI nexus.

Methods: A panel of 12 countries from 1991 to 2020 are analysed within the framework of conventional methods and Seemingly Unrelated Regression (SUR).

Results: Results robustly suggest that gross capital formation, macroeconomic stability, and …

Internationalization And Foreign Direct Divestment Flows In Central And Eastern European Economies, Badar Alam Iqbal, Arti Yadav

Economic and Business Review

No abstract provided.

Governance System For Local Governments – Part 1, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

The devolution of authority to local tiers of government and decentralization can bring in representation of local business and citizens' interests. The visibility of the results achieved by the resources deployed in a specific geographic area maintains pressure on government functionaries. Public-private partnerships. including NGO-public partnerships have proved to be effective tools in fostering good governance.

The Economic Impact Of The Frederik Meijer Gardens & Sculpture Park, Christian Glupker, Paul Isely

Other Faculty Publications

SUMMARY OF ECONOMIC IMPACT

• The total annual economic impact of FMG is $138 million in economic activity, supporting 1,167 jobs, and contributing $77.6 million to Kent County’s GDP.
• The visitor direct spending, operational spending, and capital investment spending generate $353,115 in annual tax revenue for Kent County.
• There were 755,000 visitors to Frederik Meijer Gardens and Sculpture Park (FMG) with 62% of these visitors coming from outside Kent County (nonlocal visitors).
• 50% of the nonlocal visitors were visiting FMG for the first time and 48% of the local visitors visit FMG six or more times a year.
• 40% of all …

An Introduction To Personal Growth Bets: Using Contract Law To Lose Weight And Quit Smoking, Max Raskin, Jack Millman

Notre Dame Journal on Emerging Technologies

Self-improvement is hard. Whether losing weight or quitting smoking, individuals have a difficult time honoring their commitments, especially if the only person they are disappointing is themselves. In this Article, we introduce a new legal mechanism for incentivizing personal growth. We describe this mechanism as a personal growth contract, which allows an individual to make an enforceable agreement with either a counterparty or himself with the aim of self-improvement. We propose the use of smart contracts to help execute unilateral personal growth contracts. Our conclusion is that personal growth contracts should be presumptively legal, provided they do not violate some …

Pervasive Poverty In Puerto Rico: A Closer Look, Carlos Vargas-Ramos, Laura Colon-Melendez, Jorge Soldevilla-Irizarry, Damayra Figueroa-Lazu, Jennifer Hinojosa, Yarimar Bonilla

CUNY Centro, The Center for Puerto Rican Studies

On November 15, 2022, the U.S. House of Representatives Subcommittee on Housing, Community Renewal, and Insurance held a hearing entitled “Persistent Poverty in America: Addressing Chronic Disinvestment in Colonias, the U.S. Territories and the Southern Blackbelt.” Dr. Yarimar Bonilla, then CENTRO’s director, provided testimony concerning Puerto Rico and other U.S. territories. These jurisdictions the subcommittee focused on have historically had high rates of poverty, higher relative to other places in the United States. Puerto Rico’s poverty and overall economic conditions have fluctuated over the decades taking a clear turn for the worse beginning in 2006 with an enduring economic crisis, …

Perceptions Of Well-Being And The Economy In Nonmetropolitan Nebraska, Rebecca J. Vogt, Heather Akin, Cheryl A. Burkhart-Kriesel, Bradley D. Lubben, L. J. Mcelravy, Timothy Meyer, Steven A. Schulz

Nebraska Rural Poll

This year, rural Nebraskans are more pessimistic about their current situation than they’ve been in the past ten years. The proportion believing they are worse off than they were five years ago was 27 percent, up from the 21 percent last year and 11 percent in 2021. This is the highest level since both 2003 and 2009, when 28 percent believed they were worse off. This increase in pessimism was matched with a decrease in optimism. This year, less than onehalf (45%) of rural Nebraskans believe they are better off compared to five years ago, down from 50 percent last …

The Role Of Cross-Cultural Adaptation In The Work Performance Of Chinese Expatriates In Japan, Xinxin Kong

Fordham Dissertations and Theses

The continuous development of the Chinese economy has made "going global" in overseas operations and cross-border collaborations a key internationalization strategy for many Chinese enterprises. Executives working abroad are required to adapt to new cultures and business practices while also addressing challenges such as the lack of international management talents, high employee turnover rates, and suboptimal expatriate performance. In the realm of international human resources selection and talent retention practices, how can decision-makers in multinational enterprises improve expatriate performance? How can they select employees who can better adapt to different cultures, enhance employee loyalty in cross-border situations, and …

Exchange Rate Pass-Through To Headline Consumer Prices In Egypt: Exploring Asymmetric Effects, Ziad Amer

Topics in Middle Eastern and North African Economies

While the exchange rate pass-through to Inflation has been thoroughly investigated in the theoretical and empirical literature, few studies have attempted to investigate the passthrough in Egypt with mixed results. This paper attempts at investigating the exchange rate passthrough to headline consumer prices in Egypt, including potential presence of asymmetric effects of a currency appreciation/depreciation on consumer prices. Nonlinear Autoregressive Distributed Lags methodology is used on quarterly data from 2001 to 2022. The paper's contribution to the literature is threefold: First, this paper utilizes an updated time series from 2001 to 2022. Second, a newly developed quantitative index that captures …

Charting Saudi Arabia's Course To Net Zero Emissions: The Crucial Role Of Energy Efficiency, Fateh Belaïd

Topics in Middle Eastern and North African Economies

The evaluation of the role of energy efficiency in addressing climate change is paramount, given the concerns about the ongoing global warming. This study delves into the impact of energy efficiency on carbon intensity within Saudi Arabia’ decarbonization and examines its potential contributions to the nation's ambitious net-zero emissions target. Analyzing a time series of data from 1971 to 2020 and employing a quantile regression model, our findings underscore the critical significance of energy efficiency in mitigating GHG emissions, emphasizing the necessity of harnessing this tool to expedite the decarbonization process. Notably, the model remains robust, even when accounting for …

A Seat At Whose Table? Analyzing Detroit’S Community Benefit Ordinance As A Tool For Environmental Justice, Sarah Draughn Gargaro

Michigan Journal of Environmental & Administrative Law

The Environmental Protection Agency defines environmental justice as the “just treatment and meaningful involvement” of all people in the decisionmaking that affects the environment and human health. Since the origins of the modern American environmental justice movement in the 1980s, activists have emphasized the importance of self-determination. Environmental justice requires that decision making processes center the voices of the individuals impacted by decisions made about the distributions of environmental assets and harms. There is a significant challenge, however, in designing community engagement practices that meaningfully involve community members. Since the 1990s, community benefits agreements have been heralded as an effective …

The Economic Impact Of Saginaw Bay Bass Fishing Tournaments, Christian Gluker

Other Faculty Publications

The 2023 National Professional Fishing League Tournament and the Major League Fishing Tournament are estimated to have generated or supported economic benefits for Bay County in the following ways:

• The tournaments brought 582 total visitors from 25 states.
• There were 4,141 total visitor days. These visitors spent on average seven to eight days in the Bay City area.
• Direct spending of all visitors was $815,000.
• The total economic impact of all visitors is estimated at $976,000 in economic output supporting 10 jobs.
• Visitors generated approximately $8,187 in additional tax revenue for Bay County.

Treatment For Mental Health And Substance Use: Spillovers To Police Safety, Monica Deza

Center for Policy Research

We study the effect of community access to mental health and substance use treatment on police officer safety, which we proxy with on-duty assaults on officers. Police officers often serve as first-responders to people experiencing mental health and substance use crises, which can place police officers at risk. Combining agency-level data on police officer on-duty assaults and county-level data on the number of treatment centers that offer mental health and substance use care, we estimate two-way fixed-effects regressions and find that an additional four centers per county (the average annual increase observed in our data) leads to a 1.3% reduction …

Covid-19 Has Strengthened The Relationship Between Alcohol Consumption And Domestic Violence, Monica Deza, Aaron Chalfin, Shooshan Danagoulian

Center for Policy Research

A large body of evidence documents a link between alcohol consumption and violence involving intimate partners and close family members. Recent scholarship suggests that since the onset of the COVID-19 pandemic and subsequent stay-at-home orders, there has been a marked increase in domestic violence. This research considers an important mechanism behind the increase in domestic violence during the COVID-19 pandemic: an increase in the riskiness of alcohol consumption. We combine 911 call data with newly available high-resolution microdata on visits to bars and liquor stores in Detroit, MI and find that the strength of the relationship between visits to alcohol …

The Mundlak Spatial Estimator, Badi H. Baltagi

Center for Policy Research

The spatial Mundlak model first considered by Debarsy (2012) is an alternative to fixed effects and random effects estimation for spatial panel data models. Mundlak modelled the correlated random individual effects as a linear combination of the averaged regressors over time plus a random time-invariant error. This paper shows that if spatial correlation is present whether spatial lag or spatial error or both, the standard Mundlak result in panel data does not hold and random effects does not reduce to its fixed effects counterpart. However, using maximum likelihood one can still estimate these spatial Mundlak models and test the correlated …

Essays In Health Economics, Chuxin Liu

Dissertations, Theses, and Capstone Projects

In Chapter 1, I investigate the effect of a financial incentive from the Centers for Medicare and Medicaid Services (CMS) on new medical procedure technology diffusion. I examine how the incentive affects diffusion among Medicare patients, for whom hospitals receive the incentives, and non-Medicare patients for whom there are no incentives. I answer these two questions by studying the New Technology Add-on Payment (NTAP) program offered by Medicare (Part A). It is unknown whether its incentive is enough to encourage diffusion under the prospective payment system and it also remains unknown whether it spills over to non-Medicare patients or crowds …

Understanding The Impact Of Incentive-Driven Changes In Hospital And Physician Practice Styles, Ke Zeng

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that investigate impact of incentive changes on hospital and physician practice styles, as well as patient outcomes.

In an effort to curb the escalating healthcare expenditure, the Center for Medicare \& Medicaid Innovation has introduced several alternative payment models, which have garnered significant attention in numerous studies with varied findings. This first chapter introduces the focal point of this thesis, namely the Comprehensive Care for Joint Replacement (CJR) model, and provides a review of pertinent studies that have examined this model and related areas. Specifically, this chapter reviews and summarizes the findings from studies …

The Impact Of Globalization On Domestic Growth In Africa, Thomas L. Ainscough, Todd M. Shank

Journal of Global Business Insights

Research into the impacts of globalization on domestic growth in Africa has been scarce and the results of the research that does exist have been mixed. This research addresses this gap in the literature by using the newly revised KOF Globalization Index to determine the impact of social, political, and financial globalization on African economies. The KOF Index was revised substantially in 2019. Our full data set includes 40 years of data, from 1980-2019. Findings indicate that the relationship between globalization and GDP is best represented by a non-linear cubic model. With that model, social globalization has become Africa’s most …

Why The Public Discourse On Education Is Wrong, Jesus Felipe

Angelo King Institute for Economic and Business Studies (AKI)

ONCE upon a time, the Philippines was praised for its relatively well-educated labor force. Not anymore. The situation seems to have reversed: policymakers and commentators single out education as one of the primary causes for the country’s poor performance (lack of competitiveness) and the unemployability of many of its workers.

To put the discussion in the correct context, I will start by arguing that the relevant measure of progress for a developing nation like the Philippines is productivity. Without productivity increases, there cannot be increases in income. Productivity in the Philippines is low in general. Is education the key to …

Rural Business Development Corporation Annual Report 2023, Department Of Primary Industries And Regional Development, Western Australia

All other publications

In accordance with section 63 of the Financial Management Act 2006, we hereby submit for your information and presentation to Parliament, the annual report of the Rural Business Development Corporation for the reporting period ended 30 June 2023.

The annual report has been prepared in accordance with the provisions of the Financial Management Act 2006 and the Rural Business Development Corporation Act 2000.

Borderplex Business Barometer, Volume 7, Number 9, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

The Cost Of Cheap Talk: How Campaign Promises And Default Contributions Affect Donation-Based Crowd Funding Success, Tianci Leon Qiu

Dissertations and Theses Collection (Open Access)

Non-profit organisations (NPOs) find it increasingly harder to engage donors and raise funds from the public. Post-pandemic: the emphasis on tactics to raise funds online through donation-based crowdfunding (DCF) platforms has surged in importance for both NPO survival and continued beneficiary aid. However, unlike equity-based crowdfunding platforms where campaign organisers are obligated to provide investors with tangible returns based on funding milestones, NPOs on DCF platforms do not have to adhere to any funding milestones or are beholden to any tangible obligations towards donors. Consequently, NPOs are greatly incentivised to deploy cheap talk – non-binding, unverifiable messages and claims to …

Do Hacker Groups Pose A Risk To Organizations? Study On Financial Institutions Targeted By Hacktivists, Mikko Samuli Niemelae

Dissertations and Theses Collection (Open Access)

Publication date: 5 September 2023

In the digital era, technological progress has been shadowed by an escalation in cybersecurity threats, notably impacting the financial sector. This research critically examines the influence of hacktivist campaigns—particularly those led by groups like Anonymous—on the cyber exposure of financial services firms listed on the NYSE. Employing Synthetic Controls and analyzing 22 treated firms, the study found that such campaigns significantly enhance the target institutions' deep and dark web exposure, with an average increase of 65% per annum in the subsequent two years from the campaign initiation. Crucially, smaller firms display a heightened susceptibility to …

Unemployment, Alcohol, And Tobacco Use: Separating State Dependence From Unobserved Heterogeneity, Monica Deza

Center for Policy Research

Previous literature presents mixed evidence on the effect of alcohol consumption on labor market outcomes. On one hand, heavy alcohol consumption has been shown to have detrimental effects on labor market outcomes. On the other hand, moderate consumption is positively associated with wages and employment. Despite substantial reduced form evidence, previous literature has not been able to separately identify the causal pathways linking moderate versus heavy alcohol use to labor market performance due to the lack of natural experiments that only target moderate versus heavy drinking, as well as limitations of available structural methods that model state dependence and unobserved …

The Need For Growth, Hian Teck Hoon, Edmund S. Phelps, Gylfi Zoega

Research Collection School Of Economics

The falling rate of productivity growth in the West has made equilibrium real rate of interest fall, causing sky-high stock prices and stagnated real wages. Eliminating or reducing impediments to growth—such as rules and regulations that protect vested interests—would lower the burden of debt, make it easier to reduce greenhouse gas emissions and increase political stability. There are also measures that strengthen institutions that encourage innovations; a healthy financial system, well-protected property rights and values that emphasize self-reliance, independence and good work ethics. While special interests are more entrenched in some developed countries than others, there is hope that current …

(Wp 2023-03) Economics Imperialism And Economic Imperialism: Two Sides Of The Same Coin, Angela Ambrosino, Mario Cedrini, John B. Davis

Economics Working Papers

We argue that in a core-periphery economic world economics imperialism as advanced by the postwar Chicago School and economic imperialism led by the economies of the north are two sides of the same coin. We first review the parallelism between postwar capitalism’s core-periphery expansion of the north into the south and the Chicago’s theory of economics imperialism. We then distinguish four forms of relationships between different disciplines, and using Rodrik’s augmented global capitalism trilemma argue Chicago adopts his Golden Straitjacket pathway, both for north-south capitalist expansion and core mainstream economics’ orientation toward other social science disciplines. The paper then uses …