Social and Behavioral Sciences Commons^™

Essays In Financial Economics, Kamilla Kasymova

Theses and Dissertations

This dissertation consists of three essays concerning financial economics.

In the first essay, I focus on the role of the life insurance in the financial markets and the factors that drive the development of life insurance industry. The essay examines the causality of the banking sector development on the development of the life insurance market measured by the total premiums received by life insurers using panel estimation for about 90 countries over the period 1996-2010. I employ the dynamic System Generalized Method of Moments estimation technique to resolve the endogeneity problem between the development of the life insurance and the …

Economic Policy Uncertainty And Macroeconomic Activity: An Asymmetric Approach, Majid Makinayeri

Theses and Dissertations

In the new global economy, uncertainty has become a critical determinant of financial and economic stability. This thesis aims to study the impact of uncertainty on a set of macroeconomic variables such as demand for money, investment, and consumption. Different measures of uncertainty are used by scholars in the investigation of money demand, investment, and consumption like monetary and output uncertainty. This study employs a more general and inclusive measure of uncertainty, policy uncertainty, which measures uncertainty in fiscal, regulatory and monetary policies. By implementing a Nonlinear Autoregressive Distributed Lag (ARDL) model, I aim to identify possible non-linear effects of …

A Game Modeling Of A Closed-Loop Supply Chain In A Water-Energy Nexus: Technology Advancement, Market Competition And Capacity Limit, Nabeel Hamoud

Theses and Dissertations

Water and energy are two scarce and concerning resources interconnected in the water-energy nexus. In the nexus, production of energy needs water, and production of water needs energy. For better management of these resources in the nexus, this research considers a supply chain that consists of water suppliers, power suppliers, and consumers of these commodities. In the chain, water suppliers purchase power from power suppliers, and power suppliers purchase water from water suppliers. Other consumers can also buy these resources at the water and power markets. Each firm tries to maximize its own profit. The suppliers of water and power …

Equilibrium Modeling And Policy Analysis Of A Biofuel Supply Chain With A Hydroelectric Reservoir, Jinwoo Bae

Theses and Dissertations

This research proposesd a game theoretic model of a biofuel supply chain (BSC) where a utility company supplies reservoir water to two farmers, located in downstream and upstream of a hydropower dam. The decision-making process of the model is formulated as a three-stage Stackelberg game. We analyze the equilibrium of the decentralized systems and the effect of the government subsidy on energy crop (switchgrass) production for cellulosic biofuel industries, with two forms of subsidy: (1) discriminated subsidies and (2) equalized subsidies.

The results show that both forms of subsidy improve social welfare in the BSC unless the amount of subsidy …

Essays In Women's Fertility And Public Policies, Safoora Javadi

Theses and Dissertations

My dissertation consists of three essays on the relationship between public policy, women’s education, and birth rates in two very different societies, Iran and the United States. A sharp decline in the Total Fertility Rate (TFR) in Iran over the last three decades has put the country at the risk of an aging population. In the first two chapters, I detail the dimensions of changes in Iran’s TFR, examines some possible determinants, and estimate the impact of the government’s family planning policies on Iranian women’s fertility and marriage. I find that the policies mainly operated through the former channel – …

Essays On The Resource Sector, International Finance, And Environmental Policy, Alexey Yukhov

Theses and Dissertations

Possession and production of energy resources affects the host country's wealth. This dissertation considers the effects of technological and policy shocks that originate in the energy sector and the implications they create for the host country's international financial flows, environment, and wealth of population groups.

In Chapter 1, I model how the decisions made upon an oil discovery by the country's firms and households impact the current account. I use a small open economy DSGE model with an oil sector to express the current account as a function of oil discoveries. In this model, an oil discovery creates a realistic …