Digital Commons Network^™

Reforming The United States’ Currency Production, William Cather

Departmental Honors & Graduate Capstone Projects

Since the 1980s, the debate about the one-cent piece’s production and use has been discussed throughout relatively recent Congressional history; and has involved economic, financial, industry-based, as well as numismatic groups to weigh in on the topic. The question arises: Why have other countries successfully changed their lower-denomination currency and converted their economic system into one that incorporates cash-rounding while the United States has struggled to do so?

By observing international examples of the obsoletion of low-denomination coinage and the implementation of cash-rounding, the proposed economic and financial reform has proved to work as an economically-sound alternative to the current …

Population Aging And Healthcare Costs In China And Japan, Sean Brown

Honors Theses

This study focuses on the natural demographic phenomenon known as population aging and its intersection with healthcare expenditures. Healthcare spending can be a major burden on a country’s economy, so it is important to accurately assess the connection between these two factors. Population aging occurs when countries reach a point in their demographic transitions characterized by declining total fertility rates and high life expectancy. This natural but undesirable position has implications for virtually all aspects of society, and all countries are trending towards aging. This study examines the cases of China and Japan in an effort to assess the validity …

To Be Or Not To Be: An Assessment Of Latin American Airport Infrastructure And The Creation Of An Airport Infrastructure Index, Jess Elisha Cooley

Honors Theses

Latin American transport infrastructure underperforms the global standard across the board, and previous research indicates that deficient infrastructure deters economic and social development (Fay 2007). Using multiple research methods, this thesis explores how transport infrastructure relates to the economic global competitiveness of a nation. More specifically, the quantitative research includes regression analyses with quantity of varying infrastructure types (airports, roadways, railways, and navigable waterways) and the creation of an airport infrastructure index. The index attempts to determine what dimensions of airport infrastructure truly reflect “good infrastructure” because Latin America has a relatively large quantity of airports. As infrastructure mechanisms are …

Save, Gamble, Or Both? The Relationship Between Premium Bond Sales And Lottery Sales In The United Kingdom, Kaden Grace

Honors Theses

Four out of every ten Americans are unable to pay for an unexpected $400 bill out of their savings accounts. To ameliorate this problem, one policy to incentivize saving is a Prize-Linked Savings Account (PLSA). Unlike a traditional savings account that pays out a consistent rate of return, a PLSA pools the interest on all deposits and distributes the returns in randomly drawn prizes (similar to a lottery). However, PLSAs remain illegal in many areas due to a concern that the introduction of a private or public PLSA could cannibalize revenue from an existing state-sponsored lottery, thus restricting the state’s …

The Evolution Of Fiscal Impact Analysis And Where It Needs To Go, L. Carson Bise, Colin Mcaweeney

Journal of Comparative Urban Law and Policy

Communities need analytical tools and technical support to assess and balance multiple priorities when making land use and development decisions. For many communities, priorities to be considered regarding land use decisions include resource conservation and climate adaptation, economic development, investing in new versus existing communities, and maintaining fiscal responsibility. This article examines the historical use of fiscal impact analysis and some thoughts on where the field should go in the future.

Feed-In Tariffs And Sustainable Energy: Why Different Oecd Governments Support Sustainable Energy At Different Rates Through Feed-In Tariffs, Joshua M. Grahame

Business and Economics Honors Papers

Why is it that different governments in the OECD support sustainable energy at different rates? In the effort to explain this difference, Feed-in-Tariffs (FITs) will be closely examined to see if it can explain the significant portion of the variation among countries. This project serves as a continuation of previous scholars' works, to better understand the variation between countries in adopting renewable energy, even though all members of the OECD have pledged that by 2030 half of their energy will come from sustainable energy. Whereas previous research considered data ending in 2012 and looked at countries outside of the OECD, …

Fostering Resident-Centric Economic Development, Ellen Harpel

External Papers and Reports

No abstract provided.

The Racial And Spatial Impacts Of The Paycheck Protection Program, T. William Lester, Matthew D. Wilson

External Papers and Reports

No abstract provided.

The Coronavirus Pandemic And Participation In The Influencer Economy, Emma Grace Richbourg

Honors Theses

The 2019 coronavirus pandemic, also referred to as the COVID-19 pandemic, altered day-to-day life and has effected the economy quite notably. The aim of this paper is to determine to what extent the COVID-19 pandemic altered consumer behavior and whether these alterations encouraged participation in the influencer economy, which represents social media influencers who create and monetize online content. In order to do so, I administered a survey to 250 respondents to evaluate the reach of influencers during the pandemic and whether social media users felt the presence of influencers was an effective marketing technique. I also conducted an analysis …

Covid-19, The New Urban Crisis, And Cities: How Covid-19 Compounds The Effects Of Economic Segregation And Inequality On Metropolitan Economic Performance, Richard Florida, Todd Gabe

External Papers and Reports

No abstract provided.

Credit Availability For Minority Business Owners In An Evolving Credit Environment: Before And During The Covid-19 Pandemic, Mark E. Schweitzer, Brett Barkley

External Papers and Reports

No abstract provided.

Banking Deserts And The Paycheck Protection Program, Kristopher Deming, Stephan Weiler

External Papers and Reports

No abstract provided.

Bank Types, Inclusivity, And Payroll Protection Program Lending During Covid-19, Mark K. Cassell, Michael Schwan, Marc Schneiberg

External Papers and Reports

No abstract provided.

Income Generation Through Entrepreneurship: Seed Initiative, Iliana G. Perez

External Papers and Reports

No abstract provided.

On The Generalizability Of Using Mobile Devices To Conduct Economic Experiments, Yiting Guo, Jason Shachat, Matthew J. Walker, Lijia Wei

ESI Working Papers

Recent technological advances enable the implementation of online, field and hybrid experiments using mobile devices. Mobile devices enable sampling of incentivized decisions in more representative samples, consequently increasing the generalizability of results. Generalizability might be compromised, however, if the device is a relevant behavioural confound. This paper reports on a battery of common economic games and decision-making tasks in which we systematically randomize the decision-making device (computer versus mobile phone) and the laboratory setup (physical versus online). The results offer broad support for conducting decision experiments using mobile devices. For six out of eight tasks, we find robust null results …

Entrepreneurial Firms And Incentives: Pre-Covid-19 Landscape And Pandemic Recovery Responses, Darrene Hackler

External Papers and Reports

No abstract provided.

Broadband Use And Inclusive Prosperity In Black Communities, Karen Mossberger, Caroline Tolbert, Bomi Lee

External Papers and Reports

No abstract provided.

The Evolution And Landscape Of Under-Resourced Communities In U.S. Metropolitan Areas, Matthew Hall, Howard Wial, Devon Yee

External Papers and Reports

No abstract provided.

Nevada Economic Development And Public Policy 2022-2026: A Sustainable Future For All Nevadans, The Lincy Institute, Brookings Mountain West

Policy Briefs and Reports

This report evaluates economic development efforts in the State of Nevada since the 2011 publication of Unify, Regionalize, Diversify: An Economic Development Agenda for Nevada; assesses demographic and economic trends for Nevada and its regions; examines how state and federal actions since the onset of COVID-19 can position Nevada and its regions to address long-standing economic, educational, and social deficits; and offers policy recommendations to be implemented in the next four years to facilitate a sustainable future for all Nevadans.

Factors Influencing The Need For And Access To Ivf Treatment, Catherine Alapatt, Yoona Choe, Anthony Knepp, Shika Veera, Shawna M Rotoli

Rowan-Virtua Research Day

Infertility is defined as the inability for a couple to become pregnant after 12 months of regular unprotected sexual intercourse. Infertility can stem from an issue with the female reproductive tract, the male reproductive tract, or both. Individuals struggling with infertility seek medical assistance for a successful reproductive course. However, there are many aspects outside of pathology that may encourage or deter an individual to elect for medical assistance such as in vitro fertilization (IVF). In vitro fertilization is defined as a medical procedure in which an egg is fertilized outside the body. The increased usage of IVF demonstrates the …

The Effect Of Covid-19 On Depression In Hispanic Vs. Non-Hispanic Populations In South Jersey, Rana Cheikhali, Daniel Casal

Rowan-Virtua Research Day

The COVID-19 pandemic has been challenging for Americans and the world as a whole. It has especially taken a toll on mental health. Studies show that the incidence of depression in the United States was three times greater during the pandemic compared to pre-pandemic times. One specific community in the United States that has been greatly affected by the pandemic is the Hispanic American community. Many Americans across the country have received federal surveys that aim to determine the social and economic impacts of COVID-19. Results revealed that the Hispanic population had the greatest rise in mental illness, with 40% …

Support New Business To Solve Old Problems With Kentucky’S Keystone Waste From Bourbon & Brewing, Samuel C. Kessler

Commonwealth Policy Papers

Provided here is a policy solution from the backside of Kentucky bourbon and brewing to upcycle Kentucky’s “keystone” wastes and grow businesses in the process. Potential effects range from removing the bottleneck on bourbon production and producing GHG-friendly biogas to lowering the price of milk.This full whitepaper brief provides an incentive model for keystone wastes which have a provider and a use. It is equally applicable for policymakers or advocates wishing to place a policy incentive behind waste-to-product upcycling, businesses involved with methane sequestration & renewable biogas energy, and shifting regulatory and penalizing models of pollution into incentive model for …

Hemp-Lime Insulation: A Climate Friendly Building Material, Ginger Rose Jensen

Student Research Symposium

It is critical to reduce greenhouse gas from the atmosphere to reduce the impacts of climate change. Oregon’s Climate Action Plan has established goals to reduce emissions by developing ‘Clean Buildings’ and increasing the CO₂ sequestered by the state's ‘Natural and Working Lands’. Carbon negative construction materials like hemp-lime insulation could contribute to both goals.

Hemp-lime is a non-structural insulation material made from crushed hemp hurd, a lime-based binder, and water. It is non-toxic and versatile alternative to traditional insulation materials. Hemp-lime was submitted to be added to the International Residential Codes (IRC) index in 2022. IRC approval would …

Grocery Sales And The Pandemic, Joy A. Salentine

Honors Capstones

The focus of this paper is to examine the impact of COVID-19 on grocery sales in the United States. My hypothesis is that periods with higher COVID-19 severity, measured through the number of COVID-19 deaths, will show higher grocery sales, all things equal, due to the increased demand during the unusual circumstances of the pandemic. Using data from the Centers for Disease Control and Prevention, the U.S Department of Agriculture, and the Bureau of Economic Analysis, I perform a regression analysis to test my hypothesis. The results confirm my hypothesis by showing that there is a positive and significant effect …

Effects Of Instructional Expenditures On Educational Outcomes In Mississippi Public Schools, Richard Grimes

Honors Theses

This thesis examines the relationship between school funding and student success in public schools in Mississippi. Data for 200 public high schools were obtained upon request from the Mississippi Department of Education, including information about school budgets, average composite ACT scores, graduation rates, and other factors. Regression analysis was conducted with the data to determine which factors might influence the success of students, with an initial emphasis on school funding. The findings indicate that allocation of school funding may have a relationship with student success as measured by ACT scores and graduation rates, but that the relationship becomes more difficult …

Heterogeneous Decision-Making And Market Power: An Application To Eurozone Banks, Levent Kutlu, Robin C. Sickles, Mike G. Tsionas, Emmanuel Mamatzakis

School of Economics and Finance Faculty Publications

We provide a structural model wherein the decision-makers are payoff maximizers in a general game theoretic setting in which heterogeneity is formally factored into the decisions of the players. The decision-makers are allowed to have different groups; and parameters are the same within each group but they differ across group. Using insights from our treatment of heterogeneous and strategic decision-making, we estimate the conducts (market powers) of Eurozone banks for years 2002–2015. We find that Eurozone banks are fairly competitive. However, banks in peripheral countries have more market power compared to the core of Eurozone.

Property, Bas Van Der Vossen

Philosophy Faculty Books and Book Chapters

"This chapter discusses the nature and value of property rights. It will explain (1) what property rights are, (2) the relationship between private property and economic development, and (3) some objections to structuring societies around such rights. This discussion throughout focuses on the decentralizing nature of private property rights, asking what implications it has from a philosophical, but also social and political, point of view."

Game Theory, John Thrasher Iv

Philosophy Faculty Books and Book Chapters

The formal study of strategic interaction known as game theory is one of the most important elements in the PPE toolbox. It is no exaggeration to say that game theory is the fundamental logic at the heart of the social and behavioral sciences, and it is crucial for understanding social and political life. Game theory is the core of modern economic theory, formal models in political science, and the most sophisticated and rigorous approaches to moral and political philosophy. Game theory is also important in many of the natural sciences, especially in theoretical biology. As Herbert Gintis (2009, xiii) puts …

Growing A Mapletree, Hiew Yoon Khong

Perspectives@SMU

By focusing on recycling capital and re-seeding its portfolio, Singapore’s Mapletree Investments have moved beyond the island and into the global market

College Street Journal (May 2022), 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 edition include an interview with Prof. David Chu, Dining Dollars, academic inflation,an alumni interview with Matt Blake, and a faculty editorial.