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Social and Behavioral Sciences Commons™
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Articles 1 - 17 of 17
Full-Text Articles in Social and Behavioral Sciences
Why Is A Free And Competitive Land Market Indispensable For Resolving The Three Agrarian Issues Through Endogenous Urbanization?, Guanzhong James Wen
Why Is A Free And Competitive Land Market Indispensable For Resolving The Three Agrarian Issues Through Endogenous Urbanization?, Guanzhong James Wen
Faculty Scholarship
No abstract provided.
Remittances And Economic Growth In Mexico: An Empirical Study With Structural Breaks, 1970-2010, Miguel D. Ramirez
Remittances And Economic Growth In Mexico: An Empirical Study With Structural Breaks, 1970-2010, Miguel D. Ramirez
Faculty Scholarship
This paper investigates remittance flows to Mexico during the 1980-2010 period in absolute terms, relative to GDP, in comparison to FDI inflows, and in terms of their regional destination. Next, the paper reviews the growing literature that assesses the impact of remittances on investment spending and economic growth. Third, it presents a simple endogenous growth model that explicitly incorporates the potential impact of remittance flows on economic and labor productivity growth. Fourth, it presents a modified empirical counterpart to the simple model that tests for both single- and two-break unit root tests, as well as performs cointegration tests with an …
How The Lack Of Copyright Protections For Fashion Designs Affects Innovation In The Fashion Industry, Serena Elavia
How The Lack Of Copyright Protections For Fashion Designs Affects Innovation In The Fashion Industry, Serena Elavia
Senior Theses and Projects
The fashion industry is a multibillion dollar industry that continues to grow. Currently, there is an ongoing debate on whether or not fashion designs should be able to receive copyright protections due to a phenomena called fast fashion. Fast fashion is when low end designers copy high end designs from both the spring and fall Fashion Weeks, produce the copied product quickly and sell before the high end good is released to stores. Copying in the fashion industry is possible because there are no copyright protections granted to fashion designs. With recent legislation introduced in the U.S. House of Representatives …
Distribution And Debt: How Consumption And Household Debt Can Affect Economic Growth, Jeremy Rees
Distribution And Debt: How Consumption And Household Debt Can Affect Economic Growth, Jeremy Rees
Senior Theses and Projects
Over the past 30-40 years, consumer debt has grown substantially faster than income in the United States. As a result, consumption has grown fast relative to national income. The economic growth that we have experienced in the US economy has shown to be unreliable as demonstrated by the Great Recession in 2007-2008. By creating unstable growth, consumer behavior could be an explanation behind the recession as well as the cause of future economic downturns. This paper implements a new theory of consumption practices and tests for the stability of economic growth and sustainability of consumer debt by using a neo-Kaleckian …
Online Or Traditional University: A Comparison Of The Labor Market Returns To College Type, Leslie Schotz
Online Or Traditional University: A Comparison Of The Labor Market Returns To College Type, Leslie Schotz
Senior Theses and Projects
In a time when the rising costs of education have deterred students from seeking a college degree, finding a cost-effective alternative to a traditional university has become an increasingly important issue. This study seeks to evaluate the labor market returns to earning a degree online versus a traditional university through an econometric regression based on survey data of recent graduates from online and traditional universities. Regression analysis compares average income for graduates of online and traditional institutions while controlling for measures of school type, characteristics, selectivity, and region at the institutional level. The effect of college type on average income …
Negative Externalities And Environmental Regulation: An Application Of The Principal-Agent Model, Emily Hickox
Negative Externalities And Environmental Regulation: An Application Of The Principal-Agent Model, Emily Hickox
Senior Theses and Projects
This thesis considers optimal enforcement strategies in the context of principal-agent relationships for industries where there is a high risk of negative externalities. The 2010 Deepwater Horizon oil spill—the largest accidental spill of all time—is used as a case study to highlight the regulatory issues that can arise in industries that can have far-reaching and negative impacts on society. An in-depth analysis of the events surrounding the disaster makes it clear that complex principal-agent relationships between agencies and firms are common in the industry, as are problems with conflicting objectives, improper incentives, and moral hazard. As these are all features …
A Piece Of The Puzzle: Can Behavioral Insights Help Understand Currency Returns?, Samuel D. Russell
A Piece Of The Puzzle: Can Behavioral Insights Help Understand Currency Returns?, Samuel D. Russell
Senior Theses and Projects
This paper finds further evidence using a Cointegrated Vector Autoregression to support claims against the Uncovered Interest Rate Parity (UIP) ex post, referred to as the Forward Discount Anomaly (Fama, 1984). This anomaly suggests predictable profits simply from investing in a country with a higher interest rate. Potential explanations could be attributed to risk or deviations from the rational expectations hypothesis. UIP ex ante is tested using survey data. These results indicate a time-‐ varying risk premium. Further it is found that this premium is related to the gap between the exchange rate and Purchasing-‐Power-‐Parity value. Additionally it is determined …
Balance Of Power In Monetary And Fiscal Policymaking And Its Effect On Economic Outcomes, Rachel Ng
Balance Of Power In Monetary And Fiscal Policymaking And Its Effect On Economic Outcomes, Rachel Ng
Senior Theses and Projects
By analyzing the balance of power between key policymakers involved in restoring the economy back to health during two periods in history – the Nixon administration and the 2008 financial crisis –, my thesis reveals the detrimental effects the political business cycle has on the success of recovery. In the Nixon era, the evidence supports the notion that Nixon coerced Burns into lowering interest rates past Burns’ threshold, which exacerbated inflation and sent the economy into the dismal state of stagflation. Contrary to the popularly held belief that the Fed acts as an arm of the Treasury, Bernanke held his …
Subprime Disaster Capitalism In New Haven, Jacob D. Miller
Subprime Disaster Capitalism In New Haven, Jacob D. Miller
Senior Theses and Projects
This thesis seeks to employ the fusion New Haven, Connecticut's municipal legacy with current market forces and players to critically analyze the urban condition. I will utilize Naomi Klein's notion of disaster capitalism to explore how development and management corporations in New Haven capitalized on the subprime crisis to further exploit already marginalized communities through vast land grabs and limited real estate maintenance. New Haven’s current urban composition is the result of a legacy of disproportionate municipal support and selective appropriation of socio-cultural value in the city’s low-income neighborhoods. In order to avoid addressing the systemic inequalities created by the …
China's Unbalanced Development, And What We Can Learn From It, Manfredo F. Camperio Ciani
China's Unbalanced Development, And What We Can Learn From It, Manfredo F. Camperio Ciani
Senior Theses and Projects
This paper argues that China’s development is unbalanced, and to see the unbalance we must divide the concept of development into different categories representing its different aspects, such as economic, urban, social, and sustainable. By looking at the different characteristics of development through time, it is possible to see where the unbalance lies. Furthermore, we learn that by categorizing the nature of development, we can gain a more comprehensive insight into the development of individual countries. In conclusion, this paper proposes the creation of a possible Development Index, as it can provide greater understanding of each country’s development.
Reform Failure And Underdevelopment In Egypt: An Institutional Explanation, Marissa Block
Reform Failure And Underdevelopment In Egypt: An Institutional Explanation, Marissa Block
Senior Theses and Projects
The January 25 Revolution in Egypt and the larger wave of demonstrations throughout the Arab World shattered the façade of stability and have brought the region to a critical juncture. The underlying causes of the Arab Spring point to the preponderance of socioeconomic issues, namely unemployment, poverty, and lack of social mobility. Yet, in the late 1990s in Egypt, Mubarak initiated a series of economic reforms designed to sustain economic growth. In light of the 2011 Egyptian uprisings, I seek to understand the failures of economic reform and persistence of underdevelopment in Egypt through the framework of new institutional economics. …
Reacciones Culturales A La Sociedad Del Consumismo En España Contemporánea: Correlaciones Entre La Economía Y Los Repertorios Culturales, Taylor M. Perry
Reacciones Culturales A La Sociedad Del Consumismo En España Contemporánea: Correlaciones Entre La Economía Y Los Repertorios Culturales, Taylor M. Perry
Senior Theses and Projects
The phenomenon of postmodern society includes increased importance on consumerist culture and capitalist behavior. During the end of the twentieth century, economic prosperity reinforced this notion throughout Spain’s large cities. Following the demise of the Spanish financial and banking industries in 2010, society began to voice negative opinions surrounding consumer culture and the dependence on spending money to spur economic growth. High unemployment and increased debt levels yielded protesting art performances, politically charged editorials and various studies regarding a newly discovered “shopping addiction” disease. This social and political outrage conveyed through an assortment of cultural expressions surrounding an economic issue …
Is Capitalist Globalization Inevitable In The Marxian Paradigm?, Miguel D. Ramirez
Is Capitalist Globalization Inevitable In The Marxian Paradigm?, Miguel D. Ramirez
Faculty Scholarship
This paper examines Marx’s views on capitalist globalization and its supposed inevitability, and contends that they underwent a substantial evolution and revision after the publication of the Communist Manifesto. In the case of China, a prime example of the Asiatic mode of production, Marx even doubted whether globalization (capitalism) would ever be able to accomplish its historical mission of developing the forces of production and creating the material conditions for a higher mode of production, viz., communism. In the Russian case, he seriously entertained the notion that it could bypass the hardships and vicissitudes of capitalism and forge its own …
The Hukou And Land Tenure Systems As Two Middle Income Traps—The Case Of Modern China [Post-Print], Guanzhong James Wen, Jinwu Xiong
The Hukou And Land Tenure Systems As Two Middle Income Traps—The Case Of Modern China [Post-Print], Guanzhong James Wen, Jinwu Xiong
Faculty Scholarship
China’s prevailing hukou (household registration) system and land tenure system seem to be very different in their applications. In fact, they both function to deny the exit right of rural residents from a rural community. Under these systems, rural residents are not allowed to freely exit from collectives if they do not want to lose their entitlements, such as their rights to using collectively owned land and their land-based properties. Farmers are neither allowed to sell their houses to outsiders, nor allowed to sell to outsiders their rights to contracting a piece of land from the collective where their households …
Communal Dining System And The Puzzle Of Great Leap Famine: Re-Examine The Causality Between Communal Dining And Great Leap Famine [Post-Print], Liu Yuan, Guanzhong James Wen, Wei Xiahai
Communal Dining System And The Puzzle Of Great Leap Famine: Re-Examine The Causality Between Communal Dining And Great Leap Famine [Post-Print], Liu Yuan, Guanzhong James Wen, Wei Xiahai
Faculty Scholarship
The great leap famine started with a good harvest in the end of 1958 and ended when the rural grain consumption per capita touched the lowest level in 1961. All the hypotheses except for communal dining halls could not explain the puzzle. The communal dining system is the most important cause of great leap famine since it can explain the whole sequence from the start, aggravation and end of the famine. Basing on the panel data from 1958 to 1962 of 25 provinces, and employing the sharp change of the participation rate from elementary cooperative in 1954 to advance cooperative …
Beyond Happiness And Satisfaction: Toward Well-Being Indices Based On Stated Preference [Post-Print], Daniel J. Benjamin, Ori Heffetz, Miles Kimball, Nichole Szembrot
Beyond Happiness And Satisfaction: Toward Well-Being Indices Based On Stated Preference [Post-Print], Daniel J. Benjamin, Ori Heffetz, Miles Kimball, Nichole Szembrot
Faculty Scholarship
This paper proposes foundations and a methodology for survey-based tracking of well-being. First, we develop a theory in which utility depends on "fundamental aspects" of well-being, measurable with surveys. Second, drawing from psychologists, philosophers, and economists, we compile a comprehensive list of such aspects. Third, we demonstrate our proposed method for estimating the aspects' relative marginal utilities—a necessary input for constructing an individual-level well-being index—by asking ~4,600 U.S. survey respondents to state their preference between pairs of aspect bundles. We estimate high relative marginal utilities for aspects related to family, health, security, values, freedom, happiness, and life satisfaction.
Reexamining What Survey Data Say About Currency Risk And Irrationality Using The Cointegrated Var, Joshua Stillwagon
Reexamining What Survey Data Say About Currency Risk And Irrationality Using The Cointegrated Var, Joshua Stillwagon
Faculty Scholarship
This paper reports new evidence of a time-varying risk premium, and against the usual interpretation of irrationality, in survey data for three major currency markets. Using the cointegrated VAR to better focus on the issue of persistence, the deviations from Uncovered Interest Parity are found to be non-stationary implying a time-varying risk premium. Further, the "relationship" between the forecast error and the lagged forward discount, which has been interpreted as implying irrationality, is a spurious regression, being non-stationary at the 1% level. In fact, the forecast error and forward discount do not even appear to share the same order of …