Digital Commons Network^™

Did2s: Two-Stage Difference-In-Differences, Kyle Butts, John Gardner

Faculty and Student Publications

Recent work has highlighted the difficulties of estimating difference-in-differences models when the treatment is adopted at different times for different units. This article introduces the R package did2s which implements the estimator introduced in Gardner (2022). The article provides an approachable review of the underlying econometric theory and introduces the syntax for the function did2s. Further, the package introduces functions, event_study and plot_event_study, which uses a common syntax to implement all of the modern event-study estimators

Climate Change And Food Security In Selected Sub-Saharan African Countries, Ahmed Adefemi Adesete, Oluwanbepelumi Esther Olanubi, Risikat Oladoyin Dauda

Faculty and Student Publications

This study examined the nexus between climate change and food security in Sub-Saharan African Region (SSA). With focus on 30 countries within the region, the study employed the dynamic panel data analysis using the one-step and two-step system generalized method of moments (GMM) model. The time observed spanned from 2000 through 2019. The study found that increase in greenhouse gas emission would lead to an increase in prevalence of malnourishment rate, resulting in a decrease in food security in SSA. In addition, climate change and food price have a negative significant effect on food security, while income and food supply …

The Criticality Of Financial Development And Energy Consumption For Environmental Sustainability In Oecd Countries: Evidence From Dynamic Panel Analysis, Olatunji Abdul Shobande, Lawrence Ogbeifun

Faculty and Student Publications

This study explored whether financial development and energy consumption affect environmental sustainability in Organization for Economic Cooperation and Development (OECD) countries. The empirical evidence used in this study was based on the standard fixed effects and the Arellano-Bover/Bundell Bond dynamic panel approach. Our empirical results demonstrated the importance of a financial development index and energy efficiency for reducing carbon emissions and promoting sustainability in the OECD. The mechanism through which financial development affects carbon emissions has been identified as energy consumption and foreign direct investment. Our study recommends that financial development be prioritised alongside investments in energy efficiency to promote …

Education Finance As A Social Determinant Of Health In The United States, Sydney Mock

Electronic Theses and Dissertations

The purpose of this thesis is to investigate the role of K-12 education finance in the determination of health outcomes in the United States. To accomplish this, first, the differing theoretical perspectives surrounding health outcomes are explored. Second, theoretical literature surrounding public finance of education and cash vs in-kind benefits are explored to establish the grounds for connecting education finance and health. Third, a framework is presented to trace the pathways of how education finance determines health outcomes. Finally, the manuscript brings together a review of the literature on similar benefits and an evaluation of a voucher program in Cleveland, …

Us Financial Expansions And Exchange Rate Determination, Matthew Brill

Electronic Theses and Dissertations

The purpose of this thesis is to explore how US financial activity influences the exchange rates of foreign nations. Starting off by building on Currency Hierarchy and Minskyan dynamics, I look at how financial cycles generated in the US, the key economy, transmit liquidity towards economies on the periphery. Additionally, I use the increase in shadow banking asset accumulation relative to commercial banking asset accumulation as indicative of financial expansions in the US, and the driving force of financial cycles. Using vector autoregression (VAR) analysis I test the relationships between the ratio of US shadow banking assets relative to commercial …

Socioeconomic Factors And Mass Shootings, 1982-2016, Taylor Petkovich

Electronic Theses and Dissertations

This paper is an examination and investigation of the relationship between socioeconomic factors and mass shootings. The objective of this paper was to see if economic policy making could be an effective tool for reducing the level of mass gun violence that America has been experiencing. This paper highlights the known relationship between violent crime and economics and tries to bridge that connection to mass shootings specifically through literature review and econometric testing. The ultimate takeaway from this paper’s results and analysis is the need for a universal definition and governing body for data on mass shootings in order to …

Cooperative-Led Green Value Chain Development For Selected Highland Vegetables In Buguias, Benguet, Paul Kenneth B. Maghirang

Journal of Economics, Management and Agricultural Development

This study proposes a cooperative-led green value chain model for selected highland vegetables in Buguias, Benguet. Primary and secondary data were used in the study. Primary data were gathered through KII, FGD, and survey interviews among 30 farmer-members of LIFMPC. Descriptive, cost and returns, and value chain analysis were conducted. The proposed model of cooperative-led green value chain for selected highland vegetables was developed based on current practices of the farmer respondents. The greening opportunities were identified in different segments of the chain, from input sourcing to consumption, as well as the actors and their activities. Performing these green practices …

Assessing Deportations: The Factors That Influence U.S. Deportations And Their Public Perceptions, Madelynn Einhorn

Mahurin Honors College Capstone Experience/Thesis Projects

Deportations are an understudied component of U.S. deportation policy. While a range of literature focuses on the factors that influence immigration inflows and public perceptions of immigrants, relatively few have studied deportations. I studied deportations by conducting time-series analysis of yearly deportations and by analyzing three original public opinion surveys on perceptions of deportations. In my time-series chapter, I used regression analysis to find that the party composition of the U.S. House and Senate, the unemployment rate, and the incarceration rate influence deportations. In my public opinion chapter, I find that a plurality of American’s support deportations, particularly when they …

Food Insecurity, Racial Diversity, And Reservation Land: Relationships With The Credit Security Index, Theodor Gordon, Braden Orr

Initiative for Native Nation Relations

The Fair Housing Act and the Equal Credit Opportunity Act prohibit banks from discriminating based on race, gender, national origin, and other protected categories. Are these laws enough to mitigate the multigenerational impacts of discrimination experienced by these communities? To address this question, this project examined whether unequal access to credit persists in communities on or adjacent to Indian reservations, communities with high levels of racial diversity, and communities where women are a greater percentage of the population than men.

No Need For Certainty In Animal Sentience, Yew Kwang Ng

Animal Sentience

This commentary supports Crump et al.’s (2022) point that where risks to welfare are severe, strong evidence of sentience is sufficient to warrant protecting welfare. Crump et al.’s eight criteria for sentience are also useful. Flexible decision-making (5) and flexible behaviour (6) are consistent with Ng (1995). The concession that the “no-need-for-sentience” proposition is unnecessary also strengthens the importance of the target article’s conclusions.

No. 85: Pandemic Food Precarity, Crisis-Living And Translocality: Zimbabwean Migrant Households In South Africa During Covid-19, Sujata Ramachandran, Jonathan Crush, Godfrey Tawodzera, Elizabeth Opiyo Onyango

Southern African Migration Programme

COVID-19 has been a great disrupter of international migration and a social and economic disaster for migrants. The findings in this report come from a household survey conducted by SAMP in mid-2021 in the South African cities of Cape Town and Johannesburg. The report argues that years of crisis-living in a hyperinflationary environment in Zimbabwe left many households in a pre-pandemic state of food insecurity and vulnerable to the pandemic shock. At the same time, the COVID-19 crisis reduced the ability of Zimbabwean migrant households in South Africa to assist family back in Zimbabwe. As well as contributing to greater …

Usefulness Of Audit-Firm Transparency Disclosures, Jooanne Choi

2022

South Korea is one of the first countries to enact audit transparency disclosure, requiring public accounting firms to file an annual report containing information on audit production, governance, operations, on-going litigations, and regulatory inspection results. In this dissertation, I make use of this rich information setting to address issues concerning audit quality management systems, audit-firm governance, and resource allocation in audit productions.

Motivated by the recent call from the PCAOB (Public Companies Accounting Oversight Board) for better understanding of audit-firm quality control system, the first chapter (sole-authored) examines the determinants of and return on firm-level investment in quality management. I …

The Covid-19 Pandemic And The Importance Of Financing The Biotechnology Industry In South Africa, Ramazan Uctu, Karen Eksteen

The Journal of Entrepreneurial Finance

Whether it is a government research institution, a public-private partnership, or a private enterprise, the South African biotechnology industry requires funding for the biotechnology industry. Our goal with this research is to look into the role of venture capital (VC) in financing biotech enterprises and demonstrate how VC finance could aid in the development of diagnostic kits and vaccines for Covid-19 or future pandemics in South Africa.

The study aims to provide policymakers with a clear image of the importance of funding the biotechnology sector, notably during the Covid-19 period, as recognized by the industry's key players. We employed a …

The New Solar Kiosk Model: A Sustainable Solution To Address The Uptake And Access Of Renewable Technologies To Create Energy Kiosks That Improve Women’S Income In Kiryandongo Refugee Settlement, Kiryandongo District, Northern Uganda., Musiimenta Joy Kellen

Regis University Student Publications (comprehensive collection)

This thesis was carried out in the Kiryandongo Refugee Settlement in Northern Uganda to test a new model to improve access to clean energy technologies in the refugee settlement. The settlement hosts more than seventy-five thousand refugees, including the Internally Displaced Persons (IDPs) from the Bududa landslides in Eastern Uganda. The literature review shows the challenges faced in the humanitarian sector. The challenge is met in providing lighting and improved cooking technologies to all refugees in settlements and camps globally. The refugees tend to cut down trees in the surrounding forest, and the wood is used for firewood to cook …

Electing To Take On Risk: Political Uncertainty, Midterm Elections, And The Cross-Section Of Stock Returns, John Thornhill

Mahurin Honors College Capstone Experience/Thesis Projects

The relatively high average returns on stocks are understood to be partly a function of the risk taken on by investors when investing in stocks. One source of this risk is the uncertainty regarding future government policy. This uncertainty, though, is not constant across time; it is greatest around elections, when new policies are unknown and the impact of the policies will be relatively immediate. As uncertainty resolves following the election, risk premia should decrease & prices should rise. Thus, investors who buy stocks during this period of uncertainty should be compensated with higher average returns in the months following …

Universal Preschool And Maternal Labor Force Participation: Evidence From Florida And Vermont, Hannah Keidan

Honors Papers

The United States lags far behind other developed countries in terms of preschool provision and access. Because subsidized preschool effectively serves as childcare for enrolled students, preschool policies have ramifications in the labor market; namely, whether or not parents return to work after having children. This paper investigates the only two state-wide universal pre-k programs in the country, those of Florida and Vermont. I use a synthetic controls approach in order to address the impact these programs have had on maternal labor force participation rates in each state. I find that while Vermont’s pre-k policy may have produced a significant …

Cotton: A Historiographical And Instructional Exploration: 1835-2020, Chad Joseph Rosenbloom

History - Master of Arts in Teaching

I.Synthesis Essay……………………………...2

II.Primary Documents and Headnotes……...36

III.Textbook Critique…………………………...45

IV.New Textbook Entry………………………..49

V.Bibliography………………………………….53

Annual Report 2021 – 22: China Study Centre Iba Karachi, China Study Centre, Institute Of Business Administration

China Study Centre - Research and Reports

Pakistan has a longstanding relationship with the People’s Republic of China, as Pakistan was the first country to recognize it. Over time, the strategic and economic relationship between both the countries have been strengthening through various joint projects, with China-Pakistan Economic Corridor (CPEC) being an exemplary project. CPEC is China’s 15-years old, $62 billion investment in Pakistan. Moreover, the flagship project of its Belt and Road Initiative (BRI) took a five-decade-long strategic alliance between the two countries to the economic sphere in 2015. CPEC is best seen as an economic peg in terms of broader strategic relationships between both countries. …

Community Well-Being And Leadership In Nonmetropolitan Nebraska: 2022 Nebraska Rural Poll Results, Rebecca J. Vogt, Heather Akin, Cheryl A. Burkhart-Kriesel, Bradley Lubben, L. J. Mcelravy, Timothy Meyer, Steven A. Schulz, Amanda Tupper

Nebraska Rural Poll

Rural Nebraskans are less positive about the current change and expected future change in their communities this year. The proportion believing their community has changed for the better has typically been greater than the proportion believing it has changed for the worse. However, last year the proportion believing their community changed for the worse was slightly more than the proportion believing it had changed for the better (similar to what occurred in 2003 and 2009). This year, that gap widened a bit.

Despite that, rural Nebraskans are positive about their community by many different measures. Most rural Nebraskans rate their …

2022-1 The Role Of Non-Pecuniary Considerations: Location Decisions Of College Graduates From Low Income Backgrounds, Yifan Gong, Todd Stinebrickner, Ralph Stinebrickner, Yuxi Yao

Centre for Human Capital and Productivity. CHCP Working Papers

We examine the initial post-college geographic location decisions of students from hometowns in the Appalachian region that often lack substantial high-skilled job opportunities, focusing on the role of non-pecuniary considerations. Novel survey questions allow us to measure the full non-pecuniary benfits of each relevant geographic location, in dollar equivalents. A new specification test is designed and implemented to provide evidence about the quality of these non-pecuniary measures. Supplementing perceived location choice probabilities and expectations about pecuniary factors with our new non-pecuniary measures allows a new approach for obtaining a comprehensive understanding of the importance of pecuniary and non-pecuniary factors for …

2022-2 A Task-Based Theory Of Occupations With Multidimensional Heterogeneity, Sergio Ocampo

Centre for Human Capital and Productivity. CHCP Working Papers

I develop an assignment model of occupations with multidimensional heterogeneity in production tasks and worker skills. Tasks are distributed continuously in the skill space, whereas workers have a discrete distribution with a finite number of types. Occupations arise endogenously as bundles of tasks optimally assigned to a type of worker. The model allows us to study how occupations respond to changes in the economic environment, making it useful for analyzing the implications of automation, skill-biased technical change, offshoring, and worker training. Using the model, I characterize how wages, the marginal product of workers, the substitutability between worker types, and the …

2022-1 A Partial Identification Approach To Identifying The Determinants Of Human Capital Accumulation: An Application To Teachers, Nirav Mehta

Department of Economics Research Reports

This paper views career growth in teacher quality through the lens of human capital theory to understand the roles of On-the-Job Training (OJT) and Learning-by-Doing (LBD) in human capital formation. If OJT is the primary determinant of human capital, incentive pay policies could create a dynamic multitasking problem, leading teachers to reduce their human capital investments, thereby lowering future student achievement. In contrast, teacher human capital and future achievement would both increase if LBD were the dominant force. To explore this, I develop explicit bounds on components of a human capital production function allowing for both channels, which I estimate …

2022-2 Robust Contracts In Common Agency, Keler Marku, Sergio Ocampo, Jean-Baptiste Tondji

Department of Economics Research Reports

Business activities often involve a common agent managing a variety of projects on behalf of investors with potentially conflicting interests. The extent of the agent’s actions is also often unknown to investors, who have to design contracts that provide incentives to the manager despite this lack of crucial knowledge. We consider a game between several principals and a common agent, where principals know only a subset of the actions available to the agent. Principals demand robustness and evaluate contracts on a worst-case basis. This robust approach allows for a crisp characterization of the equilibrium contracts and payoffs and provides a …

2022-7 Market Power, Taxation And Product Variety In The Brazilian Automobile Industry, Daniel Chaves

Department of Economics Research Reports

This paper empirically assesses the impact of a discontinuous tax schedule on prices, markups and product assortment in the Brazilian automobile industry. To this end, I estimate a structural, equilibrium model of demand and supply for over a hundred different models and engine sizes of automobiles. With the model estimates of price elasticities and marginal costs I quantify how market power impacts the progressivity of the discontinuous tax schedule. I also examine how firms would reposition their products to avoid the tax and quantify the impact of this repositioning on equilibrium outcomes.

2022-6 Prices, Profits, Proxies, And Production, Victor H. Aguiar, Nail Kashaev, Roy Allen

Department of Economics Research Reports

This paper studies nonparametric identification and counterfactual bounds for heterogeneous firms that can be ranked in terms of productivity. Our approach works when quantities and prices are latent, rendering standard approaches inapplicable. Instead, we require observation of profits or other optimizing-values such as costs or revenues, and either prices or price proxies of flexibly chosen variables. We extend classical duality results for price-taking firms to a setup with discrete heterogeneity, endogeneity, and limited variation in possibly latent prices. Finally, we show that convergence results for nonparametric estimators may be directly converted to convergence results for production sets.

2022-5 Estimation Of Parametric Binary Outcome Models With Degenerate Pure Choice-Based Data With Application To Covid-19-Positive Tests From British Columbia, Nail Kashaev

Department of Economics Research Reports

I propose a generalized method of moments type procedure to estimate parametric binary choice models when the researcher only observes degenerate pure choices-based or presence-only data and has some information about the distribution of the covariates. This auxiliary information comes in the form of moments. I present an application based on the data on all COVID-19-positive tests from British Columbia. Publicly available demographic information on the population in British Columbia allows me to estimate the conditional probability of a person being COVID-19-positively tested conditional on demographics

2022-4 Identification And Estimation Of Multinomial Choice Models With Latent Special Covariates, Nail Kashaev

Department of Economics Research Reports

Identification of multinomial choice models is often established by using special covariates that have full support. This paper shows how these identification results can be extended to a large class of multinomial choice models when all covariates are bounded. I also provide a new √n-consistent asymptotically normal estimator of the finite-dimensional parameters of the model.

2022-3 A Random Attention And Utility Model, Nail Kashaev, Victor H. Aguiar

Department of Economics Research Reports

We generalize the stochastic revealed preference methodology of McFadden and Richter (1990) for finite choice sets to settings with limited consideration. Our approach is nonparametric and requires partial choice set variation. We impose a monotonicity condition on attention first proposed by Cattaneo et al. (2020) and a stability condition on the marginal distribution of preferences. Our framework is amenable to statistical testing. These new restrictions extend widely known parametric models of consideration with heterogeneous preferences.

2022-8 Slutsky Matrix Symmetry: A New Behavioral Condition, Victor H. Aguiar, Roberto Serrano

Department of Economics Research Reports

The Slutsky matrix function encodes all the information about local variations in demand with respect to small (Slutsky) compensated price changes. When the demand function is the result of utility maximization the Slutsky matrix is symmetric. However, symmetry does not imply rationality. Here, we provide a necessary and sufficient condition for Slutsky symmetry. The new condition requires symmetric attention to compensated price-paths.

2022-9 A Rationalization Of The Weak Axiom Of Revealed Preference, Victor H. Aguiar, Per Hjertstrand, Roberto Serrano

Department of Economics Research Reports

Samuelson’s (1938) weak (generalized) axiom of revealed preference– WGARP–is a minimal and appealing consistency condition of choice. We offer a rationalization of WGARP in general settings. Our main result is an exact analog of the celebrated Afriat’s theorem, but for WGARP. Its ordinal rationalization is in terms of an asymmetric and locally nonsatiated preference function. Its cardinal rationalization uses a coalitional multi-utility (CMU) maxmin representation with a coherency restriction on the coalition structure. Effectively, the CMU representation aggregates piecemeal preferences within the decision maker (multiple rationales without preference reversals that allow for transitivity violations). Basic consumer theory and welfare analysis …