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Full-Text Articles in Social and Behavioral Sciences
Are Volatile Coffee Prices Important To Economic Inequality?, Kwame D. Fynn
Are Volatile Coffee Prices Important To Economic Inequality?, Kwame D. Fynn
The Macalester Review
Historically, developing countries have been heavily dependent on natural resources as a major source of national income. Despite their large resource endowments, countries have been subject to volatile commodity prices which might affect the economic development of a nation. A salient measure of development is the inequality that persists within an economy as it portrays relative levels of income distribution. In this paper, using an econometric approach I seek to analyze the impact volatile coffee prices has on income inequality within a country or in a particular geographic region.
An Econometric Analysis On Pricing And Market Structure In The U.S. Airline Industry, Jiajun Liang
An Econometric Analysis On Pricing And Market Structure In The U.S. Airline Industry, Jiajun Liang
The Macalester Review
This paper examines the relationship between market power and airfares in the U.S. aviation industry. I performed Hausman-Taylor and random effects estimation techniques on quarterly data of the top one thousand most heavily traveled city pairs from 2009 to 2012. Overall, the regression results may be interpreted in such way that while higher concentration at a route level increases ticket prices, it nonetheless reduces average airfare at the airport level. For policy implications, it may suggest that higher market concentration has at least some merits to the consumers, most likely caused by the cost saving due to economic use of …
What Are The Effects Of Mergers In The U.S. Airline Industry? An Econometric Analysis On Delta-Northwest Merger, Jiajun Liang
What Are The Effects Of Mergers In The U.S. Airline Industry? An Econometric Analysis On Delta-Northwest Merger, Jiajun Liang
The Macalester Review
The Delta-Northwest Merger in 2008 has significantly reshaped the airline market structure and raised public concerns regarding market dominance. In this study, I will employ OLS techniques to examine the effects of merger on airfares, using more than 1,000 observations from 2008 and 2009 airline markets. Results show the belief that unbalanced market share will lead to heightened airfares misleading and unreliable. There is no significant evidence suggesting positive or negative correlations between airport dominance and airfares.
Does The Equity Market Affect Economic Growth?, Kwame D. Fynn
Does The Equity Market Affect Economic Growth?, Kwame D. Fynn
The Macalester Review
This paper examines the impact of the stock market primarily on economic growth using panel data from 1990-2010. I apply Generalized Least Squares techniques for fixed effects with the exclusion of the subgroup 2005-2010 which uses random effects. The effect of the stock market on growth is based on country-specific effects and varies in different time periods.
The Steady-State Economy As A Solution To The World’S Problems: A Theoretical Examination Of The Greatest Environmental Problem Facing Human Society, Brianna L. Besch
The Steady-State Economy As A Solution To The World’S Problems: A Theoretical Examination Of The Greatest Environmental Problem Facing Human Society, Brianna L. Besch
The Macalester Review
This paper is a theoretical exploration of the questioning, if you were given a magic power to solve one, and only one, of the worlds problem outlined by a classic environmental author, which would you solve, and why? While the field of environmental studies is relatively new, since the publishing of Malthus’ An Essay on the Principles of Population environmental scholars have been debating what should be considered the greatest environmental problem facing humanity. This paper explains how the creation of a steady-state economy to replace our current economic system, as described by Herman Daly, offers a holistic solution to …