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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Stock Markets And Household Wealth: Can A Stock Market Crash Cause A Recession In The U.S. Economy?, Ishan Singh
Stock Markets And Household Wealth: Can A Stock Market Crash Cause A Recession In The U.S. Economy?, Ishan Singh
Honors Theses
Stock market wealth effects on the level of consumption in the United States economy have been constantly debated; there is evidence for arguments for and against its prominence and its symmetry. This paper seeks to investigate the strength of its negative effect by creating models to analyze unexpected shocks to the Standard and Poor's 500 index. First, a transmission mechanism between the stock market and GDP is established through the use of second-order vector autoregressive models. Following which, theory from the life cycle model and adaptations of previous researchers' models are used to create a structural model. This paper finds …
Environmental Problem: An Economic Viewpoint And Humanistic Solution, Michael Robert Currie
Environmental Problem: An Economic Viewpoint And Humanistic Solution, Michael Robert Currie
Senior Scholar Papers
Economics deals with wealth, which is essential in allowing people to maintain their activities. Wealth is produced by human effort, guided by science, mediated by technology, governed by the economic system, and exerted through the environment . That a problem exists in our environment is clear from the observable stress on our natural ecosystems. Our water has been fouled, Lake Erie is dead, our air has been sufficiently poisoned in many urban areas to be classified as dangerous to health, and in general there exists the threat that the natural systems which support our lives may collapse. Although certain statistics, …