Social and Behavioral Sciences Commons^™

Modelling Nigerian Banks’ Share Prices Using Smooth Transition Garch Models, Olaoluwa S. Yaya, Damola M. Akinlana, Olanrewaju I. Shittu

CBN Journal of Applied Statistics (JAS)

This paper examined the application of nonlinear Smooth Transition-Generalized Autoregressive Conditional Heteroscedasticity (ST-GARCH) model of Hagerud on prices of banks’ shares in Nigeria. The methodology is informed by the failure of the conventional GARCH model to capture the asymmetric properties of the banks’ daily share prices. The asymmetry and non-linearity in the model dynamics make it useful for generating nonlinear conditional variance series. From the empirical analysis, we obtained the conditional volatility of each bank’s share price return. The highest volatility persistence was observed in Bank 6, while Bank 12 had the least volatility. Evidently, about 25% of the investigated …

An Exploration Of The Cultural Adaptation Process During An International Experience Infrance, Nathan W. Conner, T. Grady Roberts, James Sterns

Journal of International Agricultural and Extension Education

The purpose of this study was to explore how a group ofstudents experienced cultural adaptation during a short-term study abroad program in Paris, France. The intrinsic case studywas usedand data collection methods included pre-experiencequestions, reflective journaling, post-experience questions,and participant observation. The grounded theory analysis methodwas used to identify the following eightstages of cultural adaptation:a) Initial Feelings, b) Cultural Uncertainty, c) Cultural Barriers, d) Cultural Negativity, e) Group Dynamics, f) Academic and Career Growth, g) Feelings throughout the Program, and h) Cultural Growth. Findings indicated that participants experienced cultural adaptation in anon-linear fashionand study abroad facilitators should incorporate and encourage cultural …

Transforming Students’ Global Knowledge And Perspectives Through International Service-Learning (Isl): How U.S. University Agriculture Students Made Sense Of Their Lived Experiences Over Time, Richie Roberts, M. Craig Edwards

Journal of International Agricultural and Extension Education

University agriculture students are failing in terms of their general global knowledge. As such, the need exists to examine instructional techniques that may assist in overcoming this deficiency. One such approach is international service-learning (ISL). The purpose of the current study, therefore, was to explore the lived experiences of university agriculture students who participated in an ISL opportunity to Uganda, which was partially funded by a grant from the U.S. Department of State. The essence of participants’ lived experiences is best described as a transformative shift in their global knowledge and perspectives. The processes that foregrounded this shift are described …

A Trillion-Dollar Question: What Predicts Student Loan Delinquencies?, Alvaro Mezza, Kamila Sommer

Journal of Student Financial Aid

The recent significant increase in student loan delinquencies has generated interest in understanding the key factors predicting the non-performance of these loans. However, despite the large size of the student loan market, existing analyses have been limited by lack of data. This paper studies predictors of student loan delinquencies using a nationally representative panel data set that anonymously combines individual credit bureau records with Federal Pell Grant and federal student loan recipient information, records on college enrollment, graduation and major, and school characteristics. We show that borrower-level credit characteristics are important predictors of student loan delinquencies. In particular, credit scores …

Policy And Practice Of Participatory Extension In Indonesia:A Case Study Of Extension Agents In East Java Province, Edi Dwi Cahyono, Robert Agunga

Journal of International Agricultural and Extension Education

Participatory extension approach, also called demand-driven or pluralistic extension approach is gaining widespread popularity as a democratic process of getting smallholder farmers involved in decision-making. The approach was heavily promoted in Indonesia as a law enacted in 2006. This study, conducted in 2013, almost eight years after its introduction, was carried out to determine how effective the policy was being implemented. A survey of 159 extension agents in 33 sub-regencies of Malang Regency in East Java Province in Indonesia revealed that while extension workers were familiar with the participatory extension policy and were actually practicing it they felt that it …

Agricultural Extension Officers’ Knowledge And Perceptions Of Food Security Issues In Trinidad And Tobago, T Grady Roberts, Wayne G. Ganpat, Bertrhude Albert, Lendel Narine, Samantha Sudeen

Journal of International Agricultural and Extension Education

Food security is a complex global problem that will require the interaction of a wide variety of people to solve. Although food insecurity has been reduced in Latin American and the Caribbean in the last decade, national governments in the region are still enacting policies to help further address the situation. In 2012,the government of Trinidad and Tobago enacted the National Food Production Action Plan and government extension agents are central to the field-level implementation of many aspects of the plan. This study explored agricultural extension officers’ knowledge and perceptions of food security issues in Trinidad and Tobago. Results revealed …

The Gold Standard: A Qualitative Framing Analysis Of Newspaper Coverage Of Golden Rice In The United States And Philippines, Taylor K. Ruth, Joy N. Rumble

Journal of International Agricultural and Extension Education

Vitamin A deficiency (VAD) is a major issue in developing countries and affects approximately 250 million children, and blinding 500,000 a year. A proposed intervention to VAD is Golden Rice, a rice that has been genetically modified (GM) to contain beta-carotene, the precursor to Vitamin A. However, Golden Rice is often associated with negatively perceived GM food. Because the media is the most trusted source in providing food-risk related information, a framing analysis of Golden Rice in United States and Philippine newspapers was conducted to determine past and current frames used to describe the rice. Understanding such frames could help …

Misaligned Interests In Private Equity, Jarrod Shobe

BYU Law Review

This Article examines the unique set of agency costs that arise from the separation of ownership and control in private equity funds. These funds operate without significant regulatory or legislative oversight. Instead, they are governed primarily by contractual arrangements between investors and managers that are poorly understood by legal scholars. This Article looks into the black box of these internal arrangements to provide a broad analysis of whether and how these contracts align or misalign the interests of investors and managers. It turns out that the compensation of managers, which is commonly thought to serve as the most powerful tool …

The Nominalistic Principle: A Legal Approach To Inflation, Deflation, Devaluation And Revaluation, Alain H. Sheer

Georgia Journal of International & Comparative Law

No abstract provided.

Taxation – Selection Of Exchange Rate For Translation Purposes -- Where Multiple Exchange Rates Exist For A Foreign Currency And The Underlying Transaction Is Financial In Nature, The Proper Rate For Translation Components Of Taxable Income Is The "Free" Market Rate (Durovic V. Commissioner Of Internal Revenue, 7th Cir. 1976), Tim J. Floyd

Georgia Journal of International & Comparative Law

No abstract provided.

The Economic Efficacy Of Reintegration Assistance For Former Child Soldiers, Jonathan B. Kaufmann

Undergraduate Economic Review

There is no consensus among scholars on the efficacy of reintegration assistance programs, including how their services affect reintegration outcomes. This research is the first statistical analysis of the economic impacts of reintegration assistance for former child soldiers. Several regression analyses were performed to determine the effect of reintegration assistance on earnings and social capital. The results indicate that no statistically significant relationship exists between reintegration assistance and earnings or social capital. Conversely, societal interventions such as increasing access to education and promoting traditional cleansing ceremonies were effective.

Significance And Impacts Of The Tripartite Free Trade Area – A Qualitative Assessment, Sambath Jayapregasham

Undergraduate Economic Review

The Tripartite Free Trade Area (TFTA) has been driven by a need for improved growth in African countries following their respective independence. Since then, member nations have been seeking new initiatives to increase trade and to work cooperatively. The idea of regional integration in this ‘Cape-to-Cairo’ free trade zone is set to cover just under two-thirds of Africa's population and improve the flow of goods and investment significantly. This paper explores the significance and impacts of the single FTA on various aspects of economic growth, including welfare, trade, price effects, custom tariffs, government revenues, and the labor market.

The Impact Of Culture, Institutions, And The Euro On Trade Flows In Europe, James Aylward

Undergraduate Economic Review

This paper sets out to study the role of cultural and institutional differences across European countries in explaining patterns of bilateral trade within Europe by using a gravity model approach on panel data for 24 European countries, covering the years 2002 through 2006. It may be expected that cultural and institutional “distance” between Eurozone countries would have a comparatively smaller impact on bilateral trade flows by virtue of the countries’ shared currency relative to the impact of such determinants on bilateral trade flows between two countries that do not share a currency. Alternatively, such determinants could have a significant impact …

Determining Yuan Valuation- An Extension Of The Imf External Balance Assessment Approach, Shantanu A. Banerjee

Undergraduate Economic Review

This paper applies the IMF EBA methodology to a China-specific time series analysis, using a 2SLS instrumented regression with Newey-West standard errors to determine the policy gap that results from PBOC intervention. We find the impact of reserve accumulation to be more significant in magnitude than indicated by the EBA, demonstrating a modest improvement in accuracy with the introduction of central bank liquidity swaps as a novel instrument. Evidence of a long term equilibrium relationship is also found between the real effective exchange rate and reserve accumulation, with the presence of medium level capital controls.

Editor's Introduction To The Special Edition: The Economics Of Climate Change In Coastal Areas, Charles S. Colgan

Journal of Ocean and Coastal Economics

Editor's introduction to the Special Edition on the Economics of Climate Change Adaptation in Coastal Areas

Climate Adaptation Finance Mechanisms: New Frontiers For Familiar Tools, Jack D. Kartez Ph.D., Samuel B. Merrill Ph.D.

Journal of Ocean and Coastal Economics

Demands for mechanisms to pay for adaptation to climate risks have multiplied rapidly as concern has shifted from greenhouse gas mitigation alone to also coping with the now-inevitable impacts. A number of viable approaches to how to pay for those adjustments to roads, drainage systems, lifeline utilities and other basic infrastructure are emerging, though untested at the scale required across the nation, which already has a trillion-dollar deferred maintenance and replacement problem. There are growing efforts to find new ways to harness private financial resources via new market arrangements to meet needs that clearly outstrip public resources alone, as well …

Climate Change Adaptation Case Study: Benefit-Cost Analysis Of Coastal Flooding Hazard Mitigation, Will Cooper, Federico Garcia, Diana Pape, David Ryder, Ben Witherell

Journal of Ocean and Coastal Economics

The damage Hurricane Sandy caused had far-reaching repercussions up and down the East Coast of the United States. Vast coastal flooding accompanied the storm, inundating homes, businesses, and utility and emergency facilities. Since the storm, projects to mitigate similar future floods have been scrutinized. Such projects not only need to keep out floodwaters but also be designed to withstand the effect that climate change might have on rising sea levels and increased flood risk.

In this study, we develop an economic model to assess the costs and benefits of a berm (sea wall) to mitigate the effects of flooding from …

The Economics Of Climate Adaptation On America’S Coasts: A Washington Conversation, Dr. Charles Colgan

Journal of Ocean and Coastal Economics

Report of a colloquium on the economics of coastal climate change adaptation held in Washington D.C. on April 16, 2015. The event was sponsored by The Center for Blue Economy of the Middlebury Institute of International Studies at Monterey and the Urban Coast Institute of Monmouth University. Participants included Michael Conathan, Center for American Progress; Frank Nutter, Reinsurance Association of America; Dr. Robert Kopp, Rutgers University; Josh Sawislak, Council on Environmental Quality; Tony MacDonald, Urban Coast Institute; Jason Scorse and Charles Colgan, Center for the Blue Economy

The Economics Of Adaptation To Climate Change In Coasts And Oceans: Literature Review, Policy Implications And Research Agenda, Charles S. Colgan

Journal of Ocean and Coastal Economics

Sea level rise and other effects of climate change on oceans and coasts around the world are major reasons to halt the emissions of greenhouse gases to the maximum extent. But historical emissions and sea level rise have already begun so steps to adapt to a world where shorelines, coastal populations, and economies could be dramatically altered are now essential. This presents significant economic challenges in four areas. (1) Large expenditures for adaptation steps may be required but the extent of sea level rise and thus the expenditures are unknowable at this point. Traditional methods for comparing benefits and costs …

Crafting Chaos: The Classification Of Unilateral Transfers Under The Current Account At Bretton Woods And Its Impact On Remittances To The Indian State Of Kerala, Anish Gawande

Undergraduate Economic Review

This essay aims to analyse the classification of unilateral transfers under the current account at Bretton Woods despite significant opposition from larger delegations of major Allied powers, bringing to the forefront the global liquidity of remittances in the post-War years permitted by their fully currency convertible nature. Using the example of the Indian State of Kerala, this paper charts the relevance of their sustained uninterrupted flow to their subsequent exponential growth in the last three decades, using the case study as a pivot to argue for better policy measures that maximise their multiplier effect.

Welcome To Dignity, Donna M. Hughes

Dignity: A Journal of Analysis of Exploitation and Violence

No abstract provided.

Losing My Religion? The Impact Of Spiritual Cues On Noncognitive Skills, Daniel H. Bowen, Albert Cheng

Journal of Catholic Education

Studies consistently show that Catholic schools produce positive impacts on educational outcomes. Many charter school networks in the United States now provide, what are essentially, secularized versions of the Catholic education model. However, charter schools cannot legally replicate the overt religious curriculum and mission of Catholic schools. Although difficult to disentangle its impacts from confounding variables, research suggests that religiosity is a positive predictor of educational outcomes. This relationship might suggest that religious-based education produces effects on outcomes of public value that could be difficult to replicate in secularized contexts. To examine this question we conducted an experiment where 180 …

Economic Impact Of Small Scale Event To The Local Economy: Case Of Canfield Fair, Sungsoo Kim, James Dombrosky

Journal of Tourism Insights

This study examines the economic contribution of the Canfield Fair on the local community. The fair accounted for $13,419,332 in new money generated in the local economy and total expenditures of $16,874,927. Out of this total, $9,578,936 was generated from out-of-town visitors, versus $7,295,991 from local attendees. The initial amount of $9,578,936 spent by visitors created direct, indirect, and induced impacts within the local economy. The direct effect of this spending as estimated by an IMPLAN input/output model was $8,166,956, with $2,880,940 and $2,371,436 as indirect and induced impacts respectively, for a total aggregate effect on local earnings of $13,419,332.

Young African Leaders Forum (Yalf) Developmental Projects, Terea Abila

Young African Leaders Journal of Development

The Young African Leaders Forum is actively engaged in developmental projects that would see a sustainable Africa in the near future. The young leaders have committed themselves to undertaking specific projects in their countries. These projects keenly focus on playing a major role in the achievement of Sustainable Development Goals and the African Union’s Agenda 2063. YALF passionately undertakes these developmental projects because we believe that Africa has the enormous potential to empower her people and ensure her challenges are solved in an amicable manner. The youth leaders have dedicated themselves to serving voluntarily in their communities and this has …

The State Of African Economy And A Way Forward, Florian Cyril Mshanga

Young African Leaders Journal of Development

The current emerging market downturn in economic powerhouses like China, has already negatively affected African economic growth. For resource-rich countries, it is a chance to improve their public investment management (PIM) system, which could help boost growth; although from experience drawn, Sub-Saharan oil resourced countries on average score lower in PIM, reflecting weak administrative capacity and low transparency in the use of public resources, especially at the project appraisal and evaluation stages of the PIM process. Countries that have successfully diversified their economies will suffer less than those that have not and they will enjoy less stress than countries depending …

The Impact Of Oil Price On Ghana's Inflation, Albert Mcbell Ninepence

Young African Leaders Journal of Development

World oil price is a momentous determinant of global economic performance. In most cases, when oil prices skyrockets, it leads to a transfer of income from importing countries to exporting countries through trade shifts. The link between oil and inflation is mostly seen as being correlational. The direct relationship between oil and inflation was evident in the 1970’s nevertheless this relationship started to deteriorate after the 1980’s. Quite a cornucopia of researchers have made relentless inquiry on the macroeconomics impact of world oil price shocks and hikes on economic growth and consumer price inflation on importing countries. Also, an infinitesimal …

Impact Of Conflict On Availability Of Selected Non-Timber Forest Products Around Omo Forest Reserves Of Ogun State, Nigeria, Aluko O.J.

Young African Leaders Journal of Development

This study aimed at assessing the impact of conflict on the level of availability of selected non-timber forest products around Omo forest reserve of Ogun State. Data was collected with the aid of well-structured questionnaire on one hundred and twenty marketing households using multistage sampling technique. The data was analyzed using descriptive statistics, categorization method and t-test. The data analysis targeted socio-economic characteristics, the level of availability of NTFP before/afer the conflict in the study area. It was revealed that majority (69.2%) were farmers and (75%) had experienced conflict more than 3 times. It was discovered that the selected NTFPs …

When Your Teachers Fail You: The Necessity Of Improving Teachers Training For Quality Education In Cameroon, Monique Kwachou

Young African Leaders Journal of Development

With the underlying hypothesis that the quality of a teachers’ training is directly proportional to the quality of education pupils eventually receive, this essay explores and critiques the basic education teacher training process in Cameroon, using two notable educational theories to assess the possibility of quality education resulting from Cameroonian government-trained basic education teachers. It was found that there is dire need to improve the quality of teachers we train to ensure that they can deliver the quality of education we seek. A brief outline of suggestions is made towards improving the flawed training system.

"Black" Colonialism Is The Leading Cause Of Zimbabwe's Collapse, Sensewell Chingwaramusee

Young African Leaders Journal of Development

Black colonialism is the neo-oppression of black people by other black elite groups within a certain area according to the researcher. In this instance, some war veterans who fought for the liberation of Zimbabwe and other politicians seem to have fought in order to replace the white oppressive regime. Zimbabwe gained independence in 1980 from the Ian Smith colonial rule and for a while, independence meant enjoying self-black majority rule till the elected politicians began to ignore the needs of their masses. This article serves to explicitly express the effects of black colonialism in Zimbabwe and how the wrath of …

The Position Of African Women Within The Realm Of Culture, Patriarchy And The Law: A Case Of Kenya, Liz Guantai

Young African Leaders Journal of Development

The world is on a quest to achieve United Nations Sustainable Development Goal 5 (SDG5), which seeks to promote gender equality and empowerment of women and girls. Women have been oppressed overtime in most societies. Statistics continue to project increasing rates of various acts of gender based violence such as domestic violence, sexual violence, cultural and economic abuse and so on. These acts of abuse are accelerated by several factors pertinent to our social systems such as culture, patriarchy and the Law. Using Kenya as a case study, this paper examines how these three factors contribute to differential gender treatment. …