Social and Behavioral Sciences Commons^™

The Feminization Of Deteriorated Labor Force Participation In Egypt: 1990 – 2024, Mennan Gamal Nour El Din

Theses and Dissertations

The purpose of this thesis is to explain why female labor force participation deteriorated in quantity and in quality despite the recent rise in female educational attainment levels over the past three decades (1990 – 2024). On the one hand, labor participation declined, whereas on the other hand, female informal employment remains high in Egypt. This thesis dissertation utilizes a qualitative research methodology through both secondary data in the form of descriptive statistics on the phenomenon of female labor force participation as well as primary data in the form of six in-depth expert interviews with experts in the fields of …

Three Essays On Financial Institutions And Financial Intermediation, Xinxin Zhang

Theses and Dissertations

In the first essay, I examine the trading relationship between the manager of a collateralized loan obligation (CLO) deal and the borrowers and/or lenders of the underlying portfolio of the CLO deal. I investigate how these relationships affect the structure and pricing of CLO deals. I find that a stronger relationship between a CLO manager and either borrowers or lenders of loans in the underlying portfolio leads to a smaller equity tranche in the CLO deal and a lower yield spread of the AAA tranche, on average. These results suggest that the CLO manager uses private information from trading relationships …

Four Essays On Banking, Bank Management, And Bank Lending, Jiarui Guo

Theses and Dissertations

This abstract synthesizes findings from four studies examining the liquidity creation, bank-borrower relationships, corporate capital structure, and managerial impact on firm performance, particularly within the context of banking and financial crises, including the COVID-19 pandemic.

The research first identifies the dual shocks of the pandemic—disease and policy-driven (government shutdowns)—on bank liquidity creation. I find that these shocks prompted banks to reallocate liquidity creation from assets (decreasing loans) to liabilities (increasing liquid deposits), which reduced profits and heightened risks.

In exploring bank-borrower relationships, the study highlights the role of banks in utilizing soft private information, such as the moral character of …

Essays On Financial Inclusion Of Individuals And Small Firms, Andreea Vasi

Theses and Dissertations

This dissertation consists of three chapters on the financial inclusion of individuals and small firms. Chapter 1 examines the impact of financial openness, which measures a country’s level of capital account openness, on its degree of financial inclusion, which refers to the accessibility and utilization of financial services, particularly among individuals from low-income, marginalized, and disadvantaged communities. Using country and time fixed effects regression estimation in a panel data set of up to 102 countries for the largest sample from 2004 to 2017, I find that a higher degree of de facto capital account openness, measured by the Lane and …

The Effect Of Fiscal And Monetary Policy On Public Debt In Egypt, Malak Mohamed

Theses and Dissertations

The thesis aims to examine the effect of monetary policies and fiscal policies on public debt in Egypt during the period from 2006 until 2021. Egypt is witnessing aggravated levels of debt, with limited fiscal and monetary space. Therefore, the objective of the paper is to analyze the effect of discount rates, inflation rates, subsidies, taxes and economic growth on debt-to-GDP in Egypt using a VAR model with an extended test of Impulse Response Function. The results suggest that a positive shock in government expenditures initially decreases public debt but leads to a fluctuating increase in the debt-to-GDP ratio in …

Policy Frameworks And Citizens’ Use Of Fintech Solutions: The Pros And Cons In Egypt, Salma Al-Mohamady

Theses and Dissertations

This thesis provides a comprehensive analysis of the significant influence of financial technology (FinTech) on the banking industry, consumer finance, and economic growth. It specifically concentrates on the swiftly changing FinTech environment in Egypt. The study investigates the impact of incorporating advanced technologies on worldwide financial practices, which has significantly transformed traditional banking models and facilitated the emergence of inventive financial services. The transition is clearly apparent in Egypt, where the expansion of FinTech has been driven by advances in regulations, adaptation to technology, and a population that is becoming more comfortable with digital solutions.

Using a combination of quantitative …

Unraveling The Nexus: Social Spending, Development, And Breaking The Cycle Of Poverty, Yasmin Shehata

Theses and Dissertations

This study examines the role of development, as indicated by the Human Development Index (HDI), in shaping the connection between social public spending on health, education, and social protection and poverty in terms of the poverty headcount ratio at $3.65/day (2017 PPP). Empirical analysis is used to this end, employing a panel dataset of 68 countries at varied stages of development over the period 1995-2021. The empirical model is estimated using the Fixed Effects Two-stage Least Squares (2SLS). It is also re-estimated using the Instrumental Variable Generalized Method of Moments (IV-GMM) and Limited Information Maximum Likelihood (LIML) to test the …

Investment Strategies Of Gcc Sovereign Wealth Funds: Aligning National Development And Geopolitical Goals, Roy Conners

Theses and Dissertations

This thesis examines how Gulf Cooperation Council (GCC) Sovereign Wealth Funds (SWFs) prioritize and implement investment strategies in the context of national development and geopolitical dynamics. Using a qualitative case study approach, it analyzes the assets, key industries, leadership, and historical evolution of major GCC SWFs (ADIA, Mubadala, ADQ, QIA, and PIF) based on publicly made available information.

The findings show that GCC SWFs prioritize investments in strategic sectors, geographical destinations, and the private sector. These investments align closely with their respective national development plans, such as 'We the UAE 2031', Qatar National Vision 2030, and Saudi Arabia’s …

The Impact Of Sexual Orientation And Sexual Behavior On Wages, Curtis Lowe

Theses and Dissertations

On General Social Survey data from 2008–2018, I estimate the impact of sexual orientation on wages by addressing mismeasurement in sexual orientation that causes the estimates to attenuate towards zero. I use interval regression to estimate wages on reported sexual orientation. I then identify consistent reports of sexual orientation and sexual behavior to estimate wage gaps between individuals whose reported sexual orientation is consistent with their behavior. Removing inconsistent reports reduces the amount of attenuation that biases the estimates. Interacting sexual orientation and sexual behavior improves the wage gap estimates slightly and increases the value in absolute terms, suggesting that …

Adverse Selection In Online Auctions: A Study Of Ebay Motors, Ilanith Nizard

Theses and Dissertations

This study provides evidence of adverse selection by examining the disparity in the value of a photo between dealer sellers and non-dealer sellers in online used-car auctions. It examines the impact of photos on three outcomes in auctions of auto- mobiles: bid prices, the number of bidders, and the probability of a trade. To do so, it uses non-linear regression models and data from 80,000 completed used-car auctions on eBay Motors from March to October 2006. The results show that an additional photo will increase all three of the outcome variables and more so for non-dealers than for dealers. The …

Effects Of The Automatic Enrollment Provision Of The Pension Protection Act Of 2006 On Labor Market Outcomes Of Older Americans, Yannis Giannoulakis

Theses and Dissertations

The objective of the Pension Protection Act of 2006 is to protect pension plans, reinforce individual savings and prepare Americans for retirement. A provision of the act strengthens the 1998-2000 IRS ruling that allows firms to automatically enroll their employees in 401(k) plans by superseding state written permission requirements. Prior to the Pension Protection Act of 2006, several states required written permission from employees to authorize wage deductions and 401(k) enrollments. Single-event difference-in-difference regressions estimate the effects of the Pension Protection Act of 2006’s auto-enrollment provision on labor market outcomes in states that had written permission requirements in the years …

Essays On Education And Performance Pay, Benjamin Charles Adams

Theses and Dissertations

The first chapter of this work examines the returns to education for workers who pursue additional education after time out of the labor force. It compares those who remain in the labor force during additional education and those who drop out of the labor force during additional education. It compares two cohorts of the NLSY, utilizing a difference equation to estimate the returns to education for workers who pursue additional education after time spent out of school and in the labor force. The results indicate a sheepskin return of approximately 14% for those who remain in the labor force and …

Application Of Machine Learning And Deep Learning In Us Housing Markets, Satyanshu Kumar

Theses and Dissertations

This dissertation explores the utilization of machine learning (ML), deep learning (DL), and social media data analysis to improve the accuracy of predicting stock returns in the housing market. The dissertation aims to investigate different models and data sources in order to enhance the accuracy of forecasting, surpassing the effectiveness of previous methods.

The first chapter of dissertation investigates the efficacy of machine learning models in predicting housing values at different time intervals. The system utilizes various datasets containing home prices and optimizes hyperparameters using cross-validation. The findings indicate that machine learning models surpass traditional time series models, especially when …

Essays In Aging, Marital Stability, And Mental Health, Avigyan Sengupta

Theses and Dissertations

This dissertation presents three chapters about understudied characteristics of the older population. As the United States and other developed countries' populations age, more dedicated research is needed to understand and implement policies to improve the welfare of this demographic group. Though there is a vast literature on various life-cycle outcomes of the elderly, gaps remain. Two such aspects have been examined here: marital stability and mental health.

Chapter 1 investigates how changes in household wealth affect the likelihood of divorce among older adults aged 50 and above in the United States. Using panel data from the Health and Retirement Study …

Risks, Markets, And Restructurings: Essays On Local Currency Borrowing, Matthew Theobald

Theses and Dissertations

These essays evaluate the risks, market integration, and role of restructuring for local currency borrowing. Chapter 1 examines the relationship between inflation, credit, and currency risk with local currency borrowing, and its uniqueness to specific subsamples. The results suggest unique links between risk measures and local currency borrowing for emerging markets, affecting potential policy for shifting portfolios towards domestic currency. Chapter 2 examines the decomposition of local currency debt markets. Findings show a decrease in a global market factor and an increase in a market factor specific to emerging or developed markets with rising U.S. Federal Funds rates and tightening …

Trade Liberalization With Brics: A Cge Model Of Egypt, Kareem Ashraf

Theses and Dissertations

This paper presents an ex-ante impact assessment of a hypothetical FTA between Egypt and the BRICS from an Egyptian economy-wide and sectorial perspectives, with a granular look into manufacturing. The chosen methodology is a static SAM-based Computable General Equilibrium model calibrated to Egypt’s 2018-2019 Social Accounting Matrix (SAM). With respect to existing literature, the paper uniquely stands in considering an Egypt-BRICS FTA with a granular assessment of manufacturing subsectors and in running a simulation of Egypt’s trade liberalization with the wider BRICS alliance, including the accession of Saudi Arabia, UAE, Ethiopia, and Iran, which joined the bloc along with Egypt …

Covid-19 And Labor Shortage In France: Exploring The Contribution Of Tunisian Migrant Workers In Bridging The Labor Shortage, Sana Gasmi

Theses and Dissertations

This thesis employed a qualitative approach, combining both desk research and in-depth interviews with 11 participants: nine Tunisian migrant workers and two Tunisian migrant experts. The thesis examined labor shortage in France during the pandemic and the extent to which Tunisian migrant workers managed to bridge the labor shortage relying on the Segmented Labor market theory which was originally developed by Piore (1979), and the two concepts: System Effects and Systemic Resilience. Findings indicate that the COVID-19 pandemic unveiled several weaknesses in the French labor market system including the acute labor shortage. Faced by labor shortage, France turned to migrant …

Fiscal Administration Versus Fiscal Policy: An Investigation Into The Determinants Of The Real Tax Revenues From Consumption Tax In Egypt, Nariman Zahran

Theses and Dissertations

This thesis highlights the importance of fiscal administration relative to fiscal policies. It presents a broad view of the developments in both fields and tests their effects on real revenues from consumption tax in Egypt from fiscal year 2002 till 2023. It initially explains the proxies used for fiscal administration: the size of the tax base and the collection lag. The major fiscal policy change in Egypt was shifting from sales tax to Value-Added Tax (VAT) during fiscal year 2016/17. The effects of fiscal administration and fiscal policy on real tax revenues will be assessed using the Autoregressive Distributed Lag …

Budget Capping Health Care: Its Impact On Health, Susan Chen

Theses and Dissertations

The goal of a budget cap on healthcare is to constrain total healthcare expenditure without compromising quality. This paper examines the impacts of budget capping on health and behavioral health outcomes, exploiting the completed Maryland All-Payer Model and the ongoing, extensional Maryland Total Cost of Care model, both of which capped healthcare budgets in Maryland. I use data from 2011-2021 surveys of the Behavioral Risk Factor Surveillance system and generalized difference-in-difference regression models to find that budget capping improves health and behavioral health outcomes with a greater favorable effect during the Maryland Total Cost of Care model.

The Influence Of Flavor On The Abuse Liability Of A Heated Tobacco Product And Its Feasibility As A Menthol Cigarette Substitute, Augustus White

Theses and Dissertations

Heated Tobacco Products (HTPs) purport to expose people that use cigarettes to fewer of the harmful or potentially harmful constituents of tobacco while still delivering reinforcing amounts of nicotine (Auer, Concha-Lozano et al., 2017). An exemplar of the HTP class, IQOS, and its three varieties of “HeatSticks” have been authorized by the Food and Drug Administration (FDA) as “Modified Risk Tobacco Products” (MRTP). However, as the FDA is planning to ban menthol as a characterizing flavor in cigarettes, questions remain regarding whether characterizing flavors should be permitted in HTPs (FDA, 2022e). New evidence regarding HTP abuse liability (i.e., the likelihood …

An Analysis Of New York State Education Funding As It Relates To Minority Student Achievement, Linda Elizabeth Macias

Theses and Dissertations

he purpose of this nonexperimental quantitative study was to explore the relationship between New York State education funding for public school districts, the academic achievement of Black and Latinx students, and educational opportunity gaps that may result from a lack of access to Advanced Placement courses. These relationships were assessed with multiple linear regressions using the variables of student enrollment rates by race, English and math proficiency scores, the number of Advanced Placement, and levels of state education funding per district. The data were obtained from New York State Education Department financial reporting. The problem addressed by this study was …

Insights Into The Challenges Posed By Climate Change And Land Competition To Brazil’S Midwest Pulpwood Market, Roberto Hajime Sant Anna Kimura

Theses and Dissertations

I investigated the effect of climate change in one of the few expanding markets in the world in Brazil. In the last decades the demand for pulpwood increased from zero to 11 million tons, leading to an expansion of 700 thousand hectares of Eucalyptus plantation. In 2024, a new mill will start operating increasing the consumption of wood fiber by 8.2 million tons (+49%). I used mathematical programming to investigate how different scenarios of productivity and land will affect the market. My results showed that around 946,000 hectares (+124%) of additional timberland will be necessary in the upcoming decades. The …

Regional Economic Impacts Of Enterococcus-Related Beach Closures In Mississippi, Jessica Lynn Browne

Theses and Dissertations

High levels of Enterococcus are the most frequent reason for beach closures on the Mississippi Gulf Coast and can be made worse by human activities. When beaches close, tourism can decrease, affecting sales. This study aims to 1) analyze the regional economic impact of beach closures at the county level, 2) show empirically how serious the impact of high levels of Enterococcus are compared to other causes of beach closures, and 3) discuss the policy implications for regional economies linked to beach closures. I use a response function approach with beach closure and county-level monthly gross taxable sales data. Results …

Valuation Of Oyster Reef Restoration Along The Gulf Coast, Freedom Enyetornye

Theses and Dissertations

The objective of this study is to estimate the willingness to pay of U.S. Gulf Coast residents to support oyster reef restoration. The Gulf Coast is the leading commercial oyster- producing region in the United States, accounting for approximately 46% of the total commercial oyster harvest in 2021. My benefit estimates were based on data obtained from a contingent valuation survey of 6,475 Gulf Coast respondents. I estimated the willingness to pay (WTP) for oyster reef restoration using interval regression and Turnbull lower-bound methods. The estimated mean WTP value is in the range of $142 and $436 per household. The …

Utilizing Soil Quality Data For Premium Rate Making In The Federal Crop Insurance Program, Rylan Moore

Theses and Dissertations

The federal crop insurance program provides crop insurance for millions of acres and many commodities every year. The Risk Management Agency of the USDA is responsible for determining the premium rates for these covered commodities. Currently, the quality of soil is not considered when determining baseline yields and expected premium rates. This study utilizes the moment-based maximum entropy method to assess the effect of incorporating soil in the rate making methodology. Several moments of upland cotton yield in Arkansas, Mississippi, and Texas are conditioned on weather, irrigation, and soil control variables. Ultimately, I find evidence of mispriced premium rates for …

Skilled Workers’ Mobility And Attrition: The Case Of Florida Emergency Medicine Physicians, Vassina Hassane Meite

Theses and Dissertations

Emergency medicine (EM) physicians constitute the front line of healthcare providers. They work swiftly to address critical situations, diagnose illnesses, and stabilize patients. Amidst a growing need and shortage of EM physicians, this longitudinal descriptive study captures EM physicians’ preferences for practice locations by studying Florida EM physicians’ relocation patterns between 2006 and 2020. Esti- mates from a Cox Proportional-Hazards model and fixed effects logistic regressions suggest that wage amenities are not a strong determinant of relocation over time. Physician attrition and relocation are instead more saliently affected by high work volumes within the EM physician’s primary work location.

Shifting Frontiers Economic Consequences Of The Polish Partitions, Andrew J. Fox

Theses and Dissertations

This thesis uses spatial regression discontinuity design to examine the impacts of historical border changes on economic development in modern Poland. Positive effects on institutions and infrastructure are found in the Austro-Hungarian zone of the Polish partition, while the Prussian zone suffer negative consequences due to 20th-century destruction and post-war expulsions.

Two Essays On Credit Risk Correlation, Theophilus Teye Osah

Theses and Dissertations

This dissertation comprises two essays on credit risk correlation. In the first essay, we provide robust empirical evidence that lenders charge higher loan spreads to borrowers with higher credit risk correlation. This effect is concentrated in investment grade firms, driven by tightening lending conditions, and more pronounced for firms with higher rollover risk. Furthermore, banks whose borrowers have higher average credit risk correlation, have greater default risk themselves. In the second paper, we find that a trading strategy that buys high- and sells low-credit risk correlation stocks generates significant risk-adjusted expected return of about 121 bps per annum. Cross-sectional regressions …

Essays On Inequality And Paid Family Leave, Jayati Chakraborty

Theses and Dissertations

In my dissertation, I have dedicated two chapters to the field of labor economics, specifically exploring the subject of gender-based inequality in the Indian labor market and the differential impact of paid family leave policies based on socio-economic status within the labor market of the United States. The first chapter analyzes the gender-based wage gap in India by utilizing data from the India Human Development Survey (IHDS) for two-time frames (2004-05 and 2011-12) when labor force participation was stagnant. Employing the Oaxaca-Blinder decomposition technique, the study reveals a noteworthy decline in the gender-based log wage gap (from 0.64 to 0.48) …

Revisiting The Exchange Rate Pass- Through To Domestic Prices In Egypt, Ahmed Abdelhamid

Theses and Dissertations

Exchange rate pass-through (ERPT) refers to the extent to which the movements in the exchange rate influence domestic prices. This study revisits the exchange rate pass-through in Egypt using quarter data from 2006 to 2022. The study employs a Structural Vector Autoregression (SVAR) model to estimate the degree of ERPT. The findings suggest that ERPT in Egypt is incomplete, meaning that changes in the exchange rate do not fully pass through to consumer prices. The study also investigates the role of the money supply in absorbing the shocks in the nominal exchange rate. The study has important implications for policymakers …