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Articles 1 - 12 of 12
Full-Text Articles in Social and Behavioral Sciences
How Does Income Inequality Affect The Growth Of U.S. Counties?, Jeremy Roth
How Does Income Inequality Affect The Growth Of U.S. Counties?, Jeremy Roth
Economics Honors Projects
This paper aims to conduct a precise test of the political economy hypothesis linking income inequality and economic growth. By choosing covariates from a detailed county-level dataset and assuming that U.S. counties experience perfect capital mobility, I shut off the four possible channels linking inequality and growth other than political economy. This is a first in an empirical literature that has reported conflicting findings with observations of states and countries. I also present thematic maps to illustrate the cross-county variation in key growth determinants that is masked by state-level studies. My econometric tests find a negative association between the initial …
Are Major League Baseball Starting Pitchers Compensated For Stadium Risk?, Joseph Glatman Zaretsky
Are Major League Baseball Starting Pitchers Compensated For Stadium Risk?, Joseph Glatman Zaretsky
Economics Honors Projects
This paper examines the significance of stadium effects on the determination of starting pitcher salaries. It models stadium effect first under the assumption of perfect certainty, and then includes risk through uncertainty. Using starting pitchers’ statistics between 1990 and 2008, this paper determines that the stadium effect is not significant in the model with perfect certainty, but becomes significant when uncertainty (risk) is introduced. An unexpected result of the test shows, however, that there is a fundamental difference between the American League, where the stadium effect is significant, and the National League, where it is insignificant in both models.
Are Residents Who Are Displaced By Gentrification Better Or Worse Off After Relocating?, Alice M. Anigacz
Are Residents Who Are Displaced By Gentrification Better Or Worse Off After Relocating?, Alice M. Anigacz
Economics Honors Projects
This honors thesis examines how individuals displaced by gentrification fare after relocation, with changes in wage and income as the primary measures of well-being. Geo-coded Panel Study of Income Dynamics data is used in conjunction with decennial census tract-level neighborhood data to evaluate nationwide occurrences of gentrification and their effects on the displaced between 1990 and 1995, with a focus on whether changing neighborhood effects can account for the change in well-being. Standard OLS regressions not accounting for neighborhood effects find that compared to a nationwide sample, a sample of movers, and a sample of displaced residents, residents displaced specifically …
At The Intersection Of Neoliberal Development, Scarce Resources, And Human Rights: Enforcing The Right To Water In South Africa, Elizabeth A. Larson
At The Intersection Of Neoliberal Development, Scarce Resources, And Human Rights: Enforcing The Right To Water In South Africa, Elizabeth A. Larson
International Studies Honors Projects
The competing ideals of international human rights and global economic neoliberalism come into conflict when developing countries try to enforce socio-economic rights. This paper explores the intersection of economic globalization and the enforcement of 2nd generation human rights. The focus of this exploration is the right to water in South Africa, specifically the recent Constitutional Court case Mazibuko v City of Johannesburg. While a right to water can be constructed at the international level, the right disappears in the face of neoliberal development measures such as those that are instituted by democratic governments in developing nations faced with limited resources.
Are Conditions On Cash Transfers Necessary To Improve Rural Education Outcomes? Evidence From Nicaragua, Zachary Mcdade
Are Conditions On Cash Transfers Necessary To Improve Rural Education Outcomes? Evidence From Nicaragua, Zachary Mcdade
Economics Honors Projects
Across Latin America, conditional cash transfer programs (CCTs), in which governments pay poor families conditional on their children attending school, have successfully increased enrollment and attendance rates. No empirical evidence supports the need for costly conditionality, however, and I compare the effect of Nicaraguan unconditional remittances to the effect of CCTs to determine which more strongly influences educational investment. I test the outcomes of school enrollment and attendance and find that unconditional transfers more strongly impact enrollment, while conditional transfers more strongly increase attendance.
Did The Electronic Trading System Make The Foreign Exchange Market More Efficient?, Hao Zou
Did The Electronic Trading System Make The Foreign Exchange Market More Efficient?, Hao Zou
Economics Honors Projects
This paper examines the effects of introducing the electronic trading system (EBS) on the foreign exchange market, the biggest financial market in the world where trading occurs through many dealers. We find that increasing transparency leads to an increase in informational efficiency, an important aspect of market quality. However, informed dealers are found to quote less aggressively in the more transparent market. Overall, we conclude that semi-transparency raises market efficiency in general, but that it is the uninformed dealers who benefit more from this increased efficiency.
The Effects Of Returns To Education On The Decision To Stay Or To Leave Secondary School?: An Empirical Study Of Brazil, Rudy Herrera Mármol
The Effects Of Returns To Education On The Decision To Stay Or To Leave Secondary School?: An Empirical Study Of Brazil, Rudy Herrera Mármol
Economics Honors Projects
I use the Mincerian wage equation to estimate the returns to education in Brazil from 2002 to 2008. I then use these estimates as variables that affect the decision made by potential students of whether to stay in school for one additional year. I use annually collected household survey data (PNAD) from the Brazilian Institute for Geography and Statistics (IBGE). Results indicate that returns to education have an effect on every student's decision. Although the relationship is positive, my analysis suggests that students make their decision to stay or leave school based on schooling degrees rather than on individual grades.
What Is The Impact Of Income On The Demand For Bushmeat?: A Study Of The Relationship Between Income And Bushmeat Near The Serengeti National Park In Tanzania, Iryna Postolovska
What Is The Impact Of Income On The Demand For Bushmeat?: A Study Of The Relationship Between Income And Bushmeat Near The Serengeti National Park In Tanzania, Iryna Postolovska
Economics Honors Projects
In Sub-Saharan Africa, increasing levels of bushmeat consumption and unsustainable bushmeat hunting have become one of the central concerns of conservationists. Many conservationists have recently begun to see income growth as a possible strategy to decrease wildlife consumption. This study tests whether or not this strategy would be effective near the Serengeti National Park in Tanzania. Results from both the aggregated and disaggregated demand functions indicate that bushmeat is a necessity in the region, implying that increases in income would lead to less than proportional increases in consumption and suggesting that income growth alone is not a viable conservation strategy. …
The Size Effect And The Capital Asset Pricing Model, Nikhil Gupta
The Size Effect And The Capital Asset Pricing Model, Nikhil Gupta
Award Winning Economics Papers
No abstract provided.
Do Bank Mergers Create Shareholder Value? An Event Study Analysis, Varini Sharma
Do Bank Mergers Create Shareholder Value? An Event Study Analysis, Varini Sharma
Award Winning Economics Papers
This paper investigates the economic role of bank mergers in creating shareholder value based on the idea that shareholder wealth will increase if the consolidation leads to the aforementioned gains. This paper is divided into seven sections. The second section of my paper provides an academic review of the literature, focusing on econometric theory that tests the gains in shareholder value and corporate synergies after a merger. The third section introduces a conceptual model I have designed using econometric tools to test how bank mergers create shareholder value. The fourth section embarks on a discussion about my ideal data followed …
The Role Of Social Protection Programs In Remittance-Centered Development Policy: A Case Study Of Morocco, Helena R. Swanson-Nystrom
The Role Of Social Protection Programs In Remittance-Centered Development Policy: A Case Study Of Morocco, Helena R. Swanson-Nystrom
International Studies Honors Projects
Remittances serve as a financial lifeline for households in emerging economies around the world, affording basic social services such as food, education, and healthcare. Alternatively, remittances from diaspora populations are an opportunity for countries to finance development projects. The case of Morocco illustrates the central role that remittances can play in the development policy of countries with high labor out-migration. Yet using remittances for long-term development requires public social protection programs to substitute for the redirection of these private funds used by individual households.
The Effects Of Economic Factors In Determining The Transition Process In Europe And Central Asia, David A. Lopez
The Effects Of Economic Factors In Determining The Transition Process In Europe And Central Asia, David A. Lopez
Award Winning Economics Papers
This paper examines how economic determinants affect foreign direct investment into a sample of Western European and transition countries from 1990 to 2003. The observed differences in the flow of foreign investment into the transition countries, relative to those in Western Europe, provokes the question of whether this phenomenon was determined by the economic factors present in those countries. Using a conceptual model constructed from economic factors that affect FDI inflows, this study considers the sample set for two sub-periods in the transition process, namely the early period from 1990 to 1998 and the later period from 1998 to 2003. …