Digital Commons Network^™

Urban Land Expansion: The Role Of Population And Economic Growth For 300+ Cities, Richa Mahtta, Michail Fragkias, Burak Güneralp, Anjali Mahendra, Meredith Reba, Elizabeth A. Wentz, Karen C. Seto

Economics Faculty Publications and Presentations

Global urban populations are projected to increase by 2.5 billion over the next 30 years. Yet, there is limited understanding of how this growth will affect urban land expansion (ULE). Here, we develop a large-scale study to test explicitly the relative importance of urban population and Gross Domestic Product (GDP) growth in affecting ULE for different regions, economic development levels and governance types for 300+ cities. Our results show that population growth, more than GDP, is consistently the dominant determinant of ULE during 1970–2014. However, the effect of GDP growth on ULE increases in importance after 2000. In countries with …

Firm Performance During The Covid-19 Crisis: Does Managerial Ability Matter?, Sonal Kumar, Leila Zbib

Finance Department Faculty Journal Articles

Challenged by the Covid-19 crisis, CEOs must rethink about how to operate and exist in the new working environment. We examine if managerial ability of the CEO impacts firm performance during the crisis period. We find a positive and significant association between the CEO managerial ability and both the cumulative raw and abnormal returns. We also find that firms with better CEO managerial ability are more resilient and have higher ROE than their counterparts. We find that the CEOs with higher managerial ability have higher pre-pandemic liquidity which in part explains the better performance amid the Covid-19 crisis.

Inflation: Just How Bad Is It?, Timothy Meyer

Cornhusker Economics

Amidst the chaotic news cycle of politics, the pandemic, and global affairs, a new topic is making headlines – inflation. To some, rising inflation causes greater fear than the other headlines combined; to others, it is nothing more than a minor nuisance. This article will explain why people’s divisive attitudes toward inflation are likely justified.

Inclusive, Supportive And Dignified Maternity Care (Sdmc)-Development And Feasibility Assessment Of An Intervention Package For Public Health Systems: A Study Protocol, Bilal Iqbal Avan, Waqas Hameed, Bushra Khan, Muhammad Asim, Sarah Saleem, Sameen Siddiqi

Community Health Sciences

Introduction: Mistreatment, discrimination, and poor psycho-social support during childbirth at health facilities are common in lower- and middle-income countries. Despite a policy directive from the World Health Organisation (WHO), no operational model exists that effectively demonstrates incorporation of these guidelines in routine facility-based maternity services. This early-phase implementation research aims to develop, implement, and test the feasibility of a service-delivery strategy to promote the culture of supportive and dignified maternity care (SDMC) at public health facilities.
Methods: Guided by human-centred design approach, the implementation of this study will be divided into two phases: development of intervention, and implementing and testing …

Intellectual Property And Its Global Implications Ine 318, Andrée Rathemacher

Library Impact Statements

No abstract provided.

Only 7.8% Of Eligible Vehicles In Utah Enroll In The Utah Road Usage Charge (Ruc) Program, Tyson Bomsta, Joe Davis

Research on Capitol Hill

Senior Tyson and sophomore Joe are Center for Growth Opportunity Research Fellows studying economics and finance at USU. The duo focused their research on their native Utah. The increase in fuel-efficient and electric cars has begun to impact Utah’s ability to fund roadwork, and this is likely to become a more serious problem as time goes on. Taxing gas is no longer a viable way to raise the funds necessary, and Joe and Tyson are looking at ways to reform our tax structure to keep Utahns on the road. Both students agree that research is the best way to learn. …

Oral Presentations: Social Sciences I, Olivia Maurer, Kaden Grace, Ryan Wallace

Mississippi Undergraduate Honors Conference

Video provided above is of Olivia Maurer's presentation.

Video of Kaden Grace's presentation is available here.

Video of Ryan Wallace's presentation is available here.

Reforms: Institutional Impediments : Part - Ii, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

An attempt was made by the National Commission for Government Reforms (NCGR) to present a comprehensive package that proposed a strong district government system with specific focus on education, health and police. But the report could not be implemented due to the change in government. Subsequent governments did realise the need but remained preoccupied with other pressing matters. This time (2018-21), the focus was only on the federal government as the provincial governments plainly told us that after the 18th Amendment the federal government (although all the four provincial chief secretaries were members of the task forces that formulated the …

Data For "Agency, Benevolence And Justice", Prithvijit Mukherjee, J. Dustin Tracy

ESI Data Sets

We test for social norms regarding how agents should select between risky prospects for principals, including norms consistent with beneficence and justice propositions from Adam Smith. We elicit norms from subjects serving as "impartial spectator[s]" about choice of risky prospect selected by the agents. We find strong evidence for the existence of norms, consistent with the Smith propositions. Furthermore we find that agents are more likely to select more normative options. In contrast, we find that principals' allocation for bonuses depends on the realization of the risky prospect rather than whether the agents choice was consistent with the norm.

Nebraska Monthly Economic Indicators: February 2, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.73% during December 2021. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals moderate economic growth in Nebraska through June 2022. There were positive business expectations in December and an increase in building permits for single-family homes. Initial claims for unemployment insurance also fell during the month. Among declining indicators, there was a drop in manufacturing hours worked and airline passenger counts during December.

Significant Changes In Cost Of Production For 2022 Crops, Glennis Mcmclure

Cornhusker Economics

For the 2022 crop production year, eighty-four Nebraska crop budgets, including two cover crops and a pasture budget, were prepared by crop specialists and extension economists at the University of Nebraska -Lincoln. The 2022 crop budget information is provided in three formats including the new report format from the Center’s new Agricultural Budget Calculator (ABC). Excel and printable pdf file versions are available as well.

Apple And Foxconn: Addressing Power Imbalances In Global Supply Chains, Singapore Management University

Perspectives@SMU

Global suppliers such as Foxconn can form strong business networks to put pressure on dominant clients such as Apple to address power imbalances in global supply chains

Sandwiched Between A Rock And A Hard Place?, Thomas Lam, David Fernandez

Sim Kee Boon Institute for Financial Economics

The policy gap between US and China is likely to be widening further, potentially raising and unevenly distributing the risks of negative spillovers for Asia and the rest of the world.

Skbi Big 5 Survey 2022 February, Singapore Management University

Sim Kee Boon Institute for Financial Economics

The latest survey results on the largest five economies (Big5), based on submissions prior to the ongoing Russia-Ukraine conflict, imply a more intricate growth, inflation and policy dynamic.

Sustainable Blueprint: Do Stock Investors Increase Emissions?, Olatunji Abdul Shobande, Lawrence Ogbeifun

Faculty and Student Publications

The lack of agreement on climate policies among stock-market investors has raised signifi-cant concerns about GHG-emission levels, likely reflected in asset pricing. This study uses annual data sourced from the World Bank from 1980 to 2019 to examine whether stock-market investments increase GHG emissions in Organization for Economic Co-operation and Development (OECD) coun-tries. The study employs the panel-standard fixed effects and the Arellano-Bover and Blundell–Bond dynamic methods and shows that stock-investor confidence is critical for emissions reduction in OECD countries. Additionally, the results highlight the potential mechanism through which the stock market can influence emissions in the OECD countries. We …

Seeking For And Returning To Overseas Work? Developments Surrounding Filipinos’ Return To Overseas Jobs Beside A Pandemic, Alvin P. Ang, Jeremaiah Opiniano

Economics Department Faculty Publications

No abstract provided.

College Street Journal (February 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 issue include energy, business of sports, inflation, an alumni interview with Frank Moran and a faculty editorial.

Democratization, Elite Capture And Economic Development, Andrew D. Foster, Mark R. Rosenzweig

Discussion Papers

We show using a theoretical framework that embeds a voting model in a general-equilibrium model of a rural economy with two interest groups defined by land ownership that the effects of democratization - a shift from control of public resources by the landed elite to a democratic regime with universal suffrage - on the portfolio of public goods is heterogeneous, depending the population landless. In accord with the model and empirical findings from micro data on the differing material interests of the two land classes, we find, based on 30-year panel data describing the democratization of Indian villages, that democratization …

Research On Ternary Brand Trust Components In The Inter-Sphere Culture Context: Chinese Brands In Indian Market, Yan Han

Fordham Dissertations and Theses

In the information age, the cultural perspectives associated with brand trust have undergone fundamental changes. Hyperconnectivity in the digital era has transformed social interaction between consumers and firms, leading to the creation of a sphere between the digital spheres where brands construct cultural meaning and thereby influence community members in the spheres. This sphere is dynamic, and perpetually influenced by technology to reach an equilibrium where an inter-sphere cultural phenomenon is formed. The high volume and velocity of information generated with technological advances have led to the blurring and broadening of brand boundaries to create mega-sized brand communities, …

Nonignorable Missing Data, Single Index Propensity Score And Profile Synthetic Distribution Function, Xuerong Chen, Denis H. Y. Leung, Jing Qin

Research Collection School Of Economics

In missing data problems, missing not at random is difficult to handle since the response probability or propensity score is confounded with the outcome data model in the likelihood. Existing works often assume the propensity score is known up to a finite dimensional parameter. We relax this assumption and consider an unspecified single index model for the propensity score. A pseudo-likelihood based on the complete data is constructed by profiling out a synthetic distribution function that involves the unknown propensity score. The pseudo-likelihood gives asymptotically normal estimates. Simulations show the method compares favorably with existing methods.

Short Selling Etfs, Frank Weikai Li, Qifei Zhu

Research Collection Lee Kong Chian School Of Business

We provide novel evidence that arbitrageurs use exchange-traded funds (ETFs) as an avenue to circumvent short-sale constraints at the stock level. Using a large sample of U.S. equity ETF holdings, we document that shorting activity on ETFs rises with the difficulty of shorting underlying stocks. Stocks heavily shorted via their holding ETFs underperform those that are lightly shorted. The return predictability of ETF shorting is distinct from stock-level shorting measures and is concentrated among stocks that face severe arbitrage constraints. These findings suggest that ETFs allow arbitrageurs to target overpriced stocks that are otherwise difficult to short.

Subjective Wellbeing And Intergenerational Mobility Of Youths In Singapore, Kong Weng Ho, Solomon Soh

Research Collection School Of Economics

Singapore has been enjoying persistently high real growth rates for the past 6 decades. On average, real per capita Gross Domestic Product (GDP) has grown from S$5603 in 1961 to S$88991 in 2019 with an average annual real per capita growth rate of 4.88%. The mean number of years of schooling for residents aged 25 and over has increased from 3.1 (Barro & Lee, 2001) in 1960 to 11.2 in 2019 while the life expectancy at birth for residents has also increased from 62.9 years in 1960 to 83.6 in 2019 (Department of Statistics, 2019). Although these figures reflect trneds …

Kentucky Annual Economic Report 2022, Michael W. Clark, James P. Ziliak, Simon Sheather

Kentucky Annual Economic Report

This report is one of the important ways that the Center for Business and Economic Research fulfills its mission to examine various aspects of Kentucky’s economy as directed by the Kentucky Revised Statutes (KRS 164.738). The analysis and data presented here cover a variety of topics that range from a discussion of Kentucky’s current economic climate to a broad presentation of factors affecting the economy.

The report covers numerous dimensions of Kentucky’s economy including the effects of COVID-19. As the pandemic approaches its third year, COVID-19 continues to dominate the economic narrative. Many aspects of the economy have improved substantially …

A Panel Clustering Approach To Analyzing Bubble Behavior, Yanbo Liu, Peter C. B. Phillips, Jun Yu

Cowles Foundation Discussion Papers

This study provides new mechanisms for identifying and estimating explosive bubbles in mixed-root panel autoregressions with a latent group structure. A post-clustering approach is employed that combines a recursive k-means clustering algorithm with panel-data test statistics for testing the presence of explosive roots in time series trajectories. Uniform consistency of the k-means clustering algorithm is established, showing that the post-clustering estimate is asymptotically equivalent to the oracle counterpart that uses the true group identities. Based on the estimated group membership, right-tailed self-normalized t-tests and coefficient-based J-tests, each with pivotal limit distributions, are introduced to detect the explosive roots. The usual …

The Value Of Arbitrage, Eduardo Dávila, Daniel Graves, Cecilia Parlatore

Cowles Foundation Discussion Papers

This paper studies the social value of closing price differentials in financial markets. We show that arbitrage gaps (price differentials between markets) exactly correspond to the marginal social value of executing an arbitrage trade. We further show that arbitrage gaps and measures of price impact are sufficient to compute the total social value from closing an arbitrage gap. Theoretically, we show that, for a given arbitrage gap, the total social value of arbitrage is higher in more liquid markets. We apply our framework to compute the welfare gains from closing arbitrage gaps in the context of covered interest parity violations …

Spatial Wage Curves For Formal And Informal Workers In Turkey, Badi H. Baltagi, Yusuf Soner Başkaya

Center for Policy Research

This paper estimates spatial wage curves for formal and informal workers in Turkey using individual level data from the Turkish Household Labor Force Survey (THLFS) provided by TURKSTAT for the period 2008-2014. Unlike previous studies on wage curves for formal and informal workers, we extend the analysis to allow for spatial effects. We also consider household characteristics that would affect the selection into formal employment, informal employment, and non-employment. We find that the spatial wage curve relation holds both for formal and informal workers in Turkey for a variety of specifications. In general, the wages of informal workers are more …

Bayesian Estimation Of Multivariate Panel Probits With Higher-Order Network Interdependence And An Application To Firms' Global Market Participation In Guangdong, Badi H. Baltagi, Peter H. Egger, Michaela Kesina

Center for Policy Research

This paper proposes a Bayesian estimation framework for panel-data sets with binary dependent variables where a large number of cross-sectional units is observed over a short period of time, and cross-sectional units are interdependent in more than a single network domain. The latter provides for a substantial degree of flexibility towards modelling the decay function in network neighborliness (e.g., by disentangling the importance of rings of neighbors) or towards allowing for several channels of interdependence whose relative importance is unknown ex ante. Besides the flexible parameterization of cross-sectional dependence, the approach allows for simultaneity of the equations. These features should …

Slices Of The Big Apple: A Visual Explanation And Analysis Of The New York City Budget, Joanne Ramadani

Dissertations, Theses, and Capstone Projects

As a component of government, budgets are fundamental not only to improving the quality of a shared society, but also to understanding what our government officials consider to be their priorities. However, most budgets can be difficult to understand, using terms that are not familiar to people who have not studied finance or economics. To that end, Slices of the Big Apple is an interactive, centralized narrative website that uses visualizations at its core in order to: 1) facilitate a holistic understanding of the New York City government budget for NYC residents; and 2) conduct a five-year analysis of Community …

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

Technical Reports

No abstract provided.

Optimal Inter-Release Time Between Sequentially Released Products, Jackie Luan, K. Sudhir

Cowles Foundation Discussion Papers

Marketers routinely use timing as a segmentation device through sequential product releases. While there has been much theoretical research on the optimal introduction strategy of sequential releases, there is little empirical research on this problem. This paper develops an econometric model to empirically solve the inter-release timing problem: it involves (1) developing and estimating a structural model of consumers’ choice for sequentially released products and (2) using the estimates of the structural model to solve for the optimal inter-release time. The empirical application focuses on the movie industry, where we specifically address the issue of the inter-release time between a …