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Articles 1 - 29 of 29
Full-Text Articles in Social and Behavioral Sciences
The Impact Of Retirement On Subjective Well-Being, Emily Rider
The Impact Of Retirement On Subjective Well-Being, Emily Rider
Honors Theses
Using cross-sectional data from the Behavioral Risk Factor Surveillance System and the American Time Use Survey Well-Being Module, this paper looks at how retirement affects one’s subjective well-being. The retirement-consumption puzzle indicates that at retirement individuals discover they have fewer economic resources than they had anticipated prior to retirement. As a consequence they reduce consumption, which contradicts the prediction of consumption smoothing based on the life-cycle model of consumption. But at the same time people have more time for leisure and home production after retirement. How does this tradeoff between consumption and leisure after retirement affect an individual’s subjective well-being, …
Can Policy Spur Technological Growth?, William Sargent
Can Policy Spur Technological Growth?, William Sargent
Honors Theses
The long-term slowdown in productivity growth for OECD countries, despite increased resources allocated to R&D, has once again raised the issue of limits of technological change. I explore the relationship between labor productivity growth and R&D intensity, using macro-level panel data from OECD countries. My empirical analysis essentially tests the semi-endogenous growth theory against the fully-endogenous Schumpeterian growth theory. The semi-endogenous framework assumes diminishing returns to R&D and requires positive population growth to generate long-run growth. The fully-endogenous framework assumes growing product variety and requires a constant share of R&D inputs in overall inputs in order to generate positive long-run …
Breaking The Back: The Continuous Battle Over The Bank Of England 1694-1715, Brendan Callanan
Breaking The Back: The Continuous Battle Over The Bank Of England 1694-1715, Brendan Callanan
Honors Theses
England during the seventeenth century experienced unprecedented political and economic transformation. The rise and fall of the British monarchy, the subsequent political ascendance of Parliament and centralization of the state, sustained economic and commercial growth, and incessant wars abroad during the latter years of the century, contributed to a volatile political climate during the final years of the 1600s that contrasted greatly with the landscape earlier in the century. Specifically, said developments especially affected England’s landed aristocracy. Their cherished ideology of order suffered significant setbacks as both the expanded reach of the state and the new economic ideology that stressed …
Cost Benefit Analysis Of The Keystone Xl Pipeline, Daniel Carr
Cost Benefit Analysis Of The Keystone Xl Pipeline, Daniel Carr
Honors Theses
The Keystone XL pipeline is one of the most controversial topics in North America over the last five years. The debate is based on the trade‐off between Canadian oil sands as a usable energy resource and the environmental effects associated with the extraction and refining of the oil. The green house gasses emitted from the extraction and refining of oil sands produces several environmental concerns that make the proposed pipeline controversial. On the other hand, Canadian oil companies see a significant benefit from the ability of Canadian oil reaching international markets. TransCanada, a 79.99 percent owner of the pipeline, conducted …
Effects Of The World Trade Center Attacks And Hurricane Sandy: Manhattan Commercial Real Estate Market, Michael Miceli
Effects Of The World Trade Center Attacks And Hurricane Sandy: Manhattan Commercial Real Estate Market, Michael Miceli
Honors Theses
Two rare and uncontrollable events that recently took place in Manhattan were the attacks on the World Trade Center and Hurricane Sandy. Both of these catastrophic events affected the commercial real estate market in Manhattan in several ways. Using quarterly time-series data between 1996 and 2013 collected from Brookfield Office Properties, this paper utilizes regression analysis to investigate the effects of these events on vacancy rate, absorption rate and rent in Manhattan. The regression analyses control for location and building type such as Midtown, Downtown and Classes A,B,C, as well as economic factors such as unemployment rate and the S&P …
The Effect Of Gross Profitability On Share Price Appreciation, Philip Barr
The Effect Of Gross Profitability On Share Price Appreciation, Philip Barr
Honors Theses
The purpose of this study is to analyze the relationship between gross profitability and share price appreciation. Dimensional Fund Advisors, an investment firm managing $338 billion, builds portfolios based on a number of different metrics and added gross profitability as a factor in early 2013. Profitable firms may be systematically undervalued and, therefore, gross profitability should predict future share price appreciation. Gross profitability is a firm’s gross profit multiplied by its asset turnover. A high gross profitability may signal a firm’s pricing power or quality in comparison with other businesses. Investors may neglect profitable firms and overpay for “lottery stocks” …
Intra-Firm Trade From U.S. Multinational Enterprises To Emerging Market Economies: An Assessment Of The Impact Of The Global Recession And Intellectual Property Rights, Trang Nguyen
Honors Theses
The level of US intra-firm imports from Emerging Markets, EM, (i.e., imports of MNEs from their foreign affiliates) has increased from 149 billion USD in 2002 to 347 billion USD in 2012. A similar magnitude is observed for US arm’s length imports (i.e., imports of MNEs from third parties in foreign countries). This thesis estimates the responsiveness of US intra-firm and arm’s length imports to Intellectual Property Rights (IPR) protection indicators, “Doing Business” indicators, and to the Global Recession. I use two panel data sets, one covering 332 industries (3-digit NAICS) and 43 emerging countries from 2002 to 2012, the …
Who Really Benefit From The One Child Policy: An Analysis Of The Impact The One Child Policy Has On Marital Prospects Of Han Chinese And Ethnic Minorities In China, Zhu Chen
Honors Theses
Over the past 35 years, the One Child Policy (OCP) has had enormous influences on almost every aspect of Chinese society. The exacerbated unbalanced sex ratio and the unequal implementation of the OCP between Han Chinese and ethnic minorities have brought some interesting changes to China’s marriage market. This paper explores the differences between the marital prospects of Han Chinese and ethnic minorities under the influence of the OCP. Using 2007 China Household Income Project (Data) and 2010 Chinese Population Census Data, this paper finds that under the circumstances of the OCP, Han Chinese, especially Han women, enjoy more advantages …
Aggressive Monetization: Why The Pay For Currency Model Is Dominating The Ios App Store Today, Theodore Kitchen
Aggressive Monetization: Why The Pay For Currency Model Is Dominating The Ios App Store Today, Theodore Kitchen
Honors Theses
The Apple iOS App Store has only been around for 5 years, and yet it has completely changed the way that mobile software is distributed. In this brief period, the online marketplace has seen dramatic shifts in the most successful strategies used by iOS software developers and, more specifically, game developers to gain revenue. As of March 14th 2014 fifteen of the twenty top-grossing iOS apps feature some form of in-app currency that users may purchase with real money, eighteen are mobile video games, and all twenty of these apps are free to download. This paper explores a new business …
Innovation And Finance: A Firm Level Analysis On Emerging Markets, Emily Zangrillo
Innovation And Finance: A Firm Level Analysis On Emerging Markets, Emily Zangrillo
Honors Theses
Economic theory suggests that the more financially constrained a firm, the lower its ability to allocate resources for innovation. I test this theory using firm-level survey data that covers 29 Eastern European and Central Asian countries. The survey is conducted in 2002, 2005, and 2009, and covers nearly 12,000 enterprises. I construct two baseline probit models to test the impact of financial constraints on firms’ ability to innovate a new product or upgrade an existing product. Existing literature suggests that the more financially constrained a firm, the less likely they are to innovate. Previous studies have also noted the reverse …
The Effect Of Educational Debt On The Probability Of Homeownership For College Graduates: An Empirical Analysis, Cole Ikkala
The Effect Of Educational Debt On The Probability Of Homeownership For College Graduates: An Empirical Analysis, Cole Ikkala
Honors Theses
With the average tuition of both public and private institutions on the rise, students are graduating from college with a higher burden of debt than ever before. In turn this is adversely affecting their post-graduation decisions, specifically the purchasing of their first home. With the simultaneous increase of educational debt levels and tightening of lending constraints for mortgages, it is hypothesized that first-time homeownership is being delayed. The purpose of this study is to analyze what exactly is delaying graduates from purchasing a home, the outstanding total educational debt amount or the monthly educational debt repayment amounts. Both can hinder …
The Ties That Bind: Candidate Appearance And Party Heuristics, Brandon D. Reilly
The Ties That Bind: Candidate Appearance And Party Heuristics, Brandon D. Reilly
Honors Theses
Studies on voting behavior have implications for academia and for real world applications. One of the main topics covered in studies of voting behavior is the use of heuristics to make voting decisions. A heuristic is a mental shortcut used to make a decision, and often times does not account for any careful consideration. According to the literature, an individual's party identification is the most commonly used heuristic in voting behavior. A voter will align with a political party based on preferences in policy (or perceived preferences) and vote for any candidate who bears the party's designation. There is also …
Determining The Best Career Ladder For Nurse Practitioners In Louisiana By Examining Occupational Mobility, Gina K. Wilson
Determining The Best Career Ladder For Nurse Practitioners In Louisiana By Examining Occupational Mobility, Gina K. Wilson
Honors Theses
No abstract provided.
An Economic Impact Analysis Of A Youth Softball World Series, Robert Tanner Jones
An Economic Impact Analysis Of A Youth Softball World Series, Robert Tanner Jones
Honors Theses
Sporting events can have a large impact on an economy. From the Olympics to the Super Bowl to the World Cup, these events bring in millions of dollars of new revenue to a region. Extensive research has been conducted on the economic impact of these mega-events. However, smaller sporting events, such as a fishing tournament, youth sports tournament, or 5K race, can also boost local economies and influence future tourism choices. However, limited research has been conducted to understand the economic impact of these events, despite the significant resources needed by communities to host these smaller events. This economic impact …
Observing Academic Performance Based On Increased Educational Spending: An Assessment Of The Fedex Center At The University Of Mississippi, Matthew Williams
Observing Academic Performance Based On Increased Educational Spending: An Assessment Of The Fedex Center At The University Of Mississippi, Matthew Williams
Honors Theses
In 2007, the FedEx Student-Athlete Academic Support Center, a renovation from the Starnes Center, was completed at the University of Mississippi to provide student- athletes a facility to improve academic performance in the classroom. FedEx donated $2.5 million to the project, covering half of the total expenditure. This private funding presents an opportunity to study how increased spending on education affected performance amongst student athletes in the classroom. Using semester-by-semester GPA of student-athletes and graduation rates from 2003 to 2009, it is possible to identify which students were exposed to the new facilities and thus, able to assess the effect …
Economic Leapovers, William Hunter Wolf
Economic Leapovers, William Hunter Wolf
Honors Theses
This paper examines the phenomenon of economic leapovers in technology. Leapovers are defined and placed in historical context, with some examples from telecommunications and case settings from Russia and China. In particular, the socioeconomic factors behind leapovers are noted and analyzed in light of several classical economic doctrines of Adam Smith, David Ricardo, Thomas Malthus, and Karl Marx. The potential for other leapovers is also examined in an extension.
The Eurozone: Effects On Spain After The Implementation Of The Euro, Caroline Mürer Rohde-Moe
The Eurozone: Effects On Spain After The Implementation Of The Euro, Caroline Mürer Rohde-Moe
Honors Theses
This thesis examines the current situation in the Eurozone and how the entry into the currency union has affected the member countries. I have especially focused on the consequences the implementation of the euro has had on Spain because of the deeper recession that this country has experienced compared to many of the other Eurozone countries. I wanted to figure out what has caused some nations to struggle at a different level than others. By comparing Spain to countries such as Germany, United Kingdom, and France I have tried to look into how much of the domestic problems seen in …
An Analysis Of New Performance Metrics In The Nba And Their Effects On Win Production And Salary, Daniel Rust
An Analysis Of New Performance Metrics In The Nba And Their Effects On Win Production And Salary, Daniel Rust
Honors Theses
In this study I perform statistical analysis on new metrics in the NBA designed to expose information about the inputs of basketball production. These input data were collected manually for every NBA player in the 2012-13 season, along with common advanced statistics. With these new metrics regression analysis is used to separately determine their effects on existing win production metrics and salary. In this analysis I control for team and position effects. Once these effects were determined, I was able to compare them and look for specific skills or strategies that may be undervalued or overvalued by NBA teams relative …
The Effectiveness Of Basel Ii, Rachel Shaw
The Effectiveness Of Basel Ii, Rachel Shaw
Honors Theses
The New Capital Accord, Basel II, was published in 2004. It features updated capital requirements and new ways to measure bank risk; however, the validity of these new standards was called into question during the financial crisis that began in 2008. The measures that intend to stabilize our banking system did not appear sufficient. Doubt was cast upon capital requirements, and the advantages of another system, such as contingent liability, can be seen. This thesis aims to test the effectiveness of Basel II, specifically its capital requirements, in reducing bank risk. After running a fixed effects model, one can clearly …
The Currency Union Effect On Trade: The Role Of Financial Development, Walker Lee Messer
The Currency Union Effect On Trade: The Role Of Financial Development, Walker Lee Messer
Honors Theses
The effect of currency union formation on trade growth may depend on an economy's level of financial development. Economies with lower levels of financial development have less capacity to hedge exchange rate risk, are susceptible to hysteresis, and have little to overcome the large fixed costs of entering foreign markets. These barriers may be partially overcome through the use of common currencies. Economies with high levels of financial development may already be capable of overcoming these barriers to trade and will likely not gain significant trade from common currency formation. This paper tests the hypothesis that the currency union effect …
The Role Of Underutilized Fish In New England's Seafood System, Taylor Witkin
The Role Of Underutilized Fish In New England's Seafood System, Taylor Witkin
Honors Theses
The global fisheries crisis has led to an increasing recognition for the need to relieve pressure on overfished, popular food fish stocks. Opportunities exist to shift consumer demand toward more sustainable choices, including fish that may be locally abundant. Attempts have been made to market underused fish (sometimes termed “trash fish”) that represent more sustainable alternatives; however, it is unclear whether consumers will choose to purchase these more sustainable options, particularly if underused fish are also unfamiliar. Chapter 1 reviews existing research and current issues surrounding sustainable seafood and the recent shift toward local, abundant, undervalued species in New England’s …
The Dólar Blue: The Black Market Exchange Rate For Dollars In Argentina, Brad Brunson Lanier
The Dólar Blue: The Black Market Exchange Rate For Dollars In Argentina, Brad Brunson Lanier
Honors Theses
At the beginning of October 2011, Argentina saw the emergence of a black market exchange rate for U.S. dollars. This black market exchange rate is known locally as the Dólar Blue. The importance of the Dólar Blue has become so public that it even has its own websites and social media accounts to inform its users of its daily rates as well as how and where to locate the human intermediary aspect of the black market known as the arbolitos. As a whole, black market exchange rates better reflect people's expectations about the true purchasing power of their currency and …
Payday Lending In America: Profitability And Regulation In The Payday Lending Market, Orion Wilcox
Payday Lending In America: Profitability And Regulation In The Payday Lending Market, Orion Wilcox
Honors Theses
Payday lending is a highly contentious form of credit. Consumer advocates often argue for strict regulation or complete banning of the industry based on the idea that payday lending rates are usurious. Providers of payday loans argue that their product offers access to credit that would not be available otherwise. In order to reconcile this debate, I analyze financial data on the largest payday lender in the country Advance America. Furthermore, I examine the 2008 Arkansas payday lending law to analyze the impact of the ban on bounced check fees, overdraft charges, and Non-Sufficient Funds charges at state chartered Arkansas …
The Economic Impact Of Shale Gas Development: A Natural Experiment Along The New York And Pennsylvania Border, Brendan Cosgrove
The Economic Impact Of Shale Gas Development: A Natural Experiment Along The New York And Pennsylvania Border, Brendan Cosgrove
Honors Theses
In the United States, the rapid increase in shale gas production has recently stimulated local economies. This paper investigates the regional economic impact of shale gas development. The border of New York and Pennsylvania provides a natural experiment for its economic impact because of the moratorium on fracking in NY and the supportive fracking regulations in PA. Using BLS data from 2001-2013, results show that shale gas development has a statistically significant impact at the industry level, but not across the entire economy. The findings contribute new evidence to the economic benefits and the boom-bust cycle of shale gas extraction.
The Effect Of Race In Primary And Secondary School Achievement : Evidence From Virginia, Khanh Doan
The Effect Of Race In Primary And Secondary School Achievement : Evidence From Virginia, Khanh Doan
Honors Theses
A large body of literature has studied the achievement gap between white and minority groups in the United States. This paper contributes to this discussion by conducting a cross-sectional study of Virginia using data for 2011-2012. I analyze the impact of race/ethnicity (White, Black, Hispanic) on school district pass rates conditional on income per capita, population density, and a cohort effect in each school district. I find that the magnitude of the gap is largest in 3rd grade and smallest in 5th grade. There are little differences between Black-White gaps and Hispanic-White gaps. The gaps are neither widening nor narrowing …
Macroeconomic Surprise, Forecast Uncertainty, And Stock Prices, Alphonce M. Mshomba
Macroeconomic Surprise, Forecast Uncertainty, And Stock Prices, Alphonce M. Mshomba
Honors Theses
This paper evaluates the effect of surprises in economic data on stock prices. “Surprises in economic data” refer to the difference between the forecast and initial release actual values relative to the sample forecast error. The analysis addresses three questions. Do surprises in economic data affect stock prices? If there is an effect, is the magnitude of that effect symmetrical for positive and negative surprises? If surprises affect stock prices, how does market forecast uncertainty affect the magnitude of the effect on stock prices?
The Cost-Of-Carry Model And Volatility : An Analysis Of Gold Futures Contracts Pricing, Edward M. Riley Iii
The Cost-Of-Carry Model And Volatility : An Analysis Of Gold Futures Contracts Pricing, Edward M. Riley Iii
Honors Theses
The theoretical price of gold futures relies on the term structure of interest rates, the days to settlement, and the spot price of gold. However, when comparing the theoretical gold futures price and the observed price in the market, there is often a difference. The difference implies that the theoretical pricing model is incomplete. Though limited in explaining much of what causes a difference between the actual and theoretical futures prices, factors such as rise in the credit spread of interest rates and changes in the price of commodities are statistically significant and positively correlated determinants of the difference between …
Application Of Carhart Four-Factor Model To The Aaii-Generated Portfolios, Teo Lagvilava
Application Of Carhart Four-Factor Model To The Aaii-Generated Portfolios, Teo Lagvilava
Honors Theses
American Association of Individual Investors (AAII) provides stock screens that follow the investment strategies of some of the most well-known investors. This paper uses Carhart’s Four Factor Model and adjusts returns for transactions costs to see whether these portfolios generate abnormal returns. I find that number of portfolios with excess returns significantly decreases under the restrictions of the four factor model and transaction costs assumptions. In addition, I find that a momentum is a statistically significant factor in explaining the returns of these portfolios. The results of this study suggest that markets are inefficient in the weakest form.
The Effect Of Race In Primary And Secondary School Achievement : Evidence From Virginia, Khanh (Miki) Doan
The Effect Of Race In Primary And Secondary School Achievement : Evidence From Virginia, Khanh (Miki) Doan
Honors Theses
A large body of literature has studied the achievement gap between white and minority groups in the United States. This paper contributes to this discussion by conducting a cross-sectional study of Virginia using data for 2011-2012. I analyze the impact of race/ethnicity (White, Black, Hispanic) on school district pass rates conditional on income per capita, population density, and a cohort effect in each school district. I find that the magnitude of the gap is largest in 3rd grade and smallest in 5th grade. There are little differences between Black-White gaps and Hispanic-White gaps. The gaps are neither widening nor narrowing …