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Full-Text Articles in Social and Behavioral Sciences
Financial Development And Health Capital Accumulation, Gunakar Bhatta
Financial Development And Health Capital Accumulation, Gunakar Bhatta
Wayne State University Dissertations
This dissertation examines the interrelationship between financial development and health capital accumulation. While credit to GDP ratio, liquid liabilities to GDP ratio and market capitalization to GDP ratio are used as the proxies for financial development, health capital is represented by life expectancy, infant mortality and low birth weight. A simple static model in the utility maximization framework shows that financial development increases the medical care through income effect thus augmenting the health status. This is also supported by econometric analysis. Using various econometric models such as pooled OLS, fixed effect and instrumental variable approach, the study shows that higher …
Essays On The Effects Of Oil Price Shocks On The U.S. Stock Returns, Zeina Nashaat Alsalman
Essays On The Effects Of Oil Price Shocks On The U.S. Stock Returns, Zeina Nashaat Alsalman
Wayne State University Dissertations
This research investigates the effect of changes in oil prices and oil price volatility on the U.S. stock returns. The first essay tests whether the sign and the size of oil price shocks matter for the U.S. stock returns. The results suggest a linear model provides a good approximation to the response of real stock returns to real oil price innovations. However, this is not the case when the model is specified in terms of the nominal price of crude oil.Using a modified structural VAR to accommodate GARCH-in-Mean errors, the second essay studies the direct effects of oil price uncertainty …
Insurance Choice And The Demand For Prescription Drugs Among Individuals With Chronic Conditions, Chunyang Feng
Insurance Choice And The Demand For Prescription Drugs Among Individuals With Chronic Conditions, Chunyang Feng
Wayne State University Dissertations
This study explores insurance choice of the chronically ill non-elderly adults and their utilization and expenditures on prescription drugs. Discrete factor model is used to estimate an individual's probability of any drug use and the conditional level of utilization and associated out-of-pocket expenditures. Analyses on four subpopulation groups, i.e. hypertension, diabetes, asthma and depression, provide detailed insights into individuals' health insurance decision making and subsequent prescription drug filling behavior, given their health insurance status. The results indicate that only a few health risk factors are statistically significant in determining an individual's health insurance status, and that the direction of the …
Combinatorial Auction-Based Virtual Machine Provisioning And Allocation In Clouds, Sharrukh Zaman
Combinatorial Auction-Based Virtual Machine Provisioning And Allocation In Clouds, Sharrukh Zaman
Wayne State University Dissertations
Current cloud providers use fixed-price based mechanisms to allocate Virtual Machine (VM) instances to their users. But economic theory states that when there are large amount of resources to be allocated to large number of users, auctions are the most efficient allocation mechanisms. Auctions achieve efficiency of allocation and also maximize the providers' revenue, which a fixed-price based mechanism is unable to do. We argue that combinatorial auctions are best suited for the problem of VM provisioning and allocation in clouds, since they provide the users with the most flexible way to express their requirements. In combinatorial auctions, users bid …
Interests And Ideas: Industrialization And The Making Of Early American Trade Policy, 1789 - 1860, John Austin Moore
Interests And Ideas: Industrialization And The Making Of Early American Trade Policy, 1789 - 1860, John Austin Moore
Wayne State University Dissertations
Trade policy was a prominent economic and political issue in the United States between 1789 and 1860, culminating in the Civil War. Many historians have characterized this period as pitting mutually exclusive economic systems, an industrializing, free-labor North and a slave-based agricultural South, against one another. The traditional interpretation is that the North eagerly supported tariffs and economic protection that they provided, while the South stood in opposition. The Nullification Crisis of 1832-1833 is frequently cited as evidence that the tariff was a sectional issue and some historians go so far as to describe the tariff as a significant cause …