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Social and Behavioral Sciences Commons™
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Articles 1 - 7 of 7
Full-Text Articles in Social and Behavioral Sciences
Introduction, Ken Mccormick
Non-Linear Autoregressive Distributed Lag Model Approach And The J-Curve Phenomenon: China And Her Major Trading Partners, Alex Hunter
Major Themes in Economics
Following Bahmani-Oskooee and Fariditavana (2016), I use the non-linear autoregressive distributed lag model approach of Shin et al. (2013) to examine the J-curve phenomenon for the Chinese economy. Most recent studies have used methods such as the linear autoregressive distributed lag model approach of Pesaran et al. (2001) which assumes a linear relationship between the exchange rate and the trade balance. I argue that lack of support for the J-curve effect could be due to assuming that effects of exchange rate changes are symmetric. Using a linear autoregressive distributed lag model approach, I am able to find support for the …
Valuation Multiples: Identifying Undervalued Stocks From 1987 To 2017, Luke Muller
Valuation Multiples: Identifying Undervalued Stocks From 1987 To 2017, Luke Muller
Major Themes in Economics
This research reports the absolute returns and alpha generated by hypothetical portfolios arranged by six commonly used valuation multiples from 1987 to 2017. I find the best returns are offered by the Sales/TEV multiple while the FCF/TEV multiple generates the most Fama-French Three-Factor alpha. My results contradict two prior claims by Fama and French: 1. any valuation multiple is as good as another and 2. book value-to-market value is the preferred measure for identifying undervalued companies. I also examine the performance of each valuation multiple for small, mid, and large-cap companies and find that smaller stocks offer greater investment returns …
Maternal Mortality In The U.S., Christine Shipley
Maternal Mortality In The U.S., Christine Shipley
Major Themes in Economics
While the global maternal mortality ratio has decreased, the U.S. maternal mortality ratio has increased over recent decades. The U.S. has the worst maternal mortality ratio among developed countries. This paper examines potential explanations for the increase in the U.S. maternal mortality ratio, including problems in how the data are reported, medical intervention, and poverty. Potential remedies for issues are discussed. I conclude that even though all three factors have likely contributed to the rise in the maternal mortality ratio, the total effect of the factors is not clearly known and most likely does not fully explain the rise in …
The Effects Of Relative Wages And Border Enforcement On Illegal Immigration, Aaron Iehl
The Effects Of Relative Wages And Border Enforcement On Illegal Immigration, Aaron Iehl
Major Themes in Economics
The flow of illegal immigrants into the United States cannot be accurately measured because any successful illegal immigrations will not be detected. This paper uses an apprehensions function developed by Hanson and Spilimbergo (1999) to estimate a lower bound for illegal immigration. An OLS regression model is employed to examine the effect of relative wages and border enforcement on the number of apprehensions at the U.S.-Mexico border from 1999-2017. These results are compared with findings from Hanson and Spilimbergo (1999) who studied apprehensions from 1976-1995.
Determinants Of Box Office Performance: Return Of The Regressions, Griffin Scott
Determinants Of Box Office Performance: Return Of The Regressions, Griffin Scott
Major Themes in Economics
Brewer, Kelley, and Jozefowicz (2009) used data from the late 1990s to the early 2000’s in order to determine what made a movie a success at the box office. I replicate their study using data from 2014 to 2018. Ex ante, production budget, critical reviews, horror and comedy movies were all significant at the one percent level. Ex post, the same variables plus number of screens, summer and holiday release, star power, and word-of-mouth were significant at the one percent level.