Social and Behavioral Sciences Commons^™

Economics In Transition: Issues Applicable To Climate Change, Odysseus Bostick

Doctoral Dissertations

This dissertation presents three essays on topics that characterize the challenges of the energy transition. The first two focus on mitigating the worst impacts of climate change while the final hones in on adapting to climate change.

The first essay estimates willingness-to-pay (WTP) of electricity customers for rooftop solar within the Tennessee Valley Authority. Applying a conditional logit model, the probability of adoption rises with utility rates and emissions-reductions and declines with costs. Evidence of social contagion exists with adoption probabilities increasing 55 − 57% when respondents know someone with panels. WTP also rises. Comparing aggregated to regional WTPs confirms …

Essays On International Trade And Economic Growth, Mateo Hoyos

Doctoral Dissertations

In this dissertation I study the relationship between trade and economic growth, with a focus on developing economies. I specifically provide a critical review of the consensus view in trade and growth, according to which a liberal trade regime is generally the best policy stance to promote growth. In the first essay of this dissertation, I provide evidence that the relationship between trade policy and growth may depend on economic structure: tariff reductions are followed by higher levels of GDP per capita for manufacturer countries, but lower levels for nonmanufacturers. Testing for mechanisms, I find the heterogeneity seems to be …

Essays On Inequality, Growth, And Economic Policy, Philipp E. Erfurth

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that study inequality and regional economics in a historical and development context.

The first chapter examines regional inequality among Habsburg regions from the 19th century to today’s EU by using Geographic Information Systems (GIS) software to recreate historical regions in present-day projections. The findings suggests that regional disparities are markedly higher today than in the 19th century, despite rapid convergence in the past two decades. The study thus provides evidence of retrospective determinism in the study of the Habsburg economy and suggests that, although regional EU policy has been successful over the past two …

Macroeconomic Adjustments Of Global Convergence: Real Exchange Rate Response Of Asia-Pacific Growth, Kumarappan Annamalai

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters.

Chapter 1 : PURCHASING POWER PARITY, REAL EXCHANGE RATE, PRICE LEVEL INDEX and HARROD-BALASSA-SAMUELSON EFFECT: LITERATURE SURVEY

In the light of the concepts explained in the introduction section, this chapter explores the seminal papers on the Purchasing Power Parity principle, the Real Exchange rate, and the Price Level Index, showing the evolution of PPP and the methodologies adopted in exploring the characteristics of PPP and the real exchange rates. Various characteristics might be stationarity or non-stationarity of the real exchange rates (RER), variance, correlation, half-life measures, linearity versus non-linearity, etc. Various methodologies adopted were …

Stuck In The Middle: An Analysis Of Economic Growth And The Technological Intensity Of Exports, Aya Abdel Halim

Theses and Dissertations

Driven by the persistence of some economies’ lower-middle-income status, also known as the middle-income trap, this research aims to identify the relationship between exports and their growth rates. A Cobb-Douglass model augmented by the different types of exports is employed, and the relationship is estimated for a panel of 77 lower-middle-income economies using multiple two-step system Generalized Method of Moments (GMM) model. This research’s contribution to the literature is two-fold: First, it analyzes exports from both an aggregated level (i.e., total exports) as well as at a disaggregated level by the technological intensity of exports. To add, the panel of …

New Institutional Economics: Political Institutions And Divergent Development In Costa Rica And Honduras, Maynor Alberto Loaisiga Bojorge

Honors Projects

For most of their histories, Costa Rica and Honduras were primarily agricultural societies with little economic diversification. However, around 1990, after the implementation of Washington Consensus reforms, the economies of both nations began to diverge. Costa Rica’s economy rapidly expanded for the following 30 years, while Honduras remained stagnant. Through a New Institutional Economics approach, I argue that institutional differences between Costa Rica and Honduras are responsible for the impressive economic growth Costa Rica has been able to achieve in the past few decades. Specifically, early political developments in Costa Rica have deeply imbedded relatively egalitarian values into the population, …

Growing During A Global Crisis, Ahmad E. Shahin

Theses and Dissertations

Employing the data from the World Bank Enterprise surveys, we examine how the first shock of the COVID-19 pandemic has affected firm dynamics across the world. Our first group of robust models have tested the effect of internal firms’ managerial decisions and other external factors on the sales’ growth, where we found that the most important decisions are related to preserving and increasing liquidity levels, in addition to utilizing the workforce in giving more input to maintain and grow the firms’ sales. Our second group of robust models have tested the firms’ financial decisions and other external factors on the …

Remittances And Development: Local Empowerment And National Dependency, Abby Foy

International Political Economy Theses

Remittances, or money that is sent by a migrant to their home country, have been increasingly viewed as a potential way to economically develop low to middle income countries. Presently, the level of remittances sent is higher than that of official developmental aid. Considering that remittances are private capital utilized by locals, the intervention of a non-profit or large international financial organization to spur developmental projects is perhaps not needed. For countries that are reliant on remittances, there are a considerable number of tradeoffs associated with this inflow of capital. Firstly, although difficult to quantify on a large scale, remittances …

Historia De Las Ideas Económicas En Joseph Stiglitz Y Gregory Mankiw, Karla Margarita Medina Rangel, Jose Fernando Ortegón Acevedo

Economía

En este trabajo se analizan las ideas económicas de Joseph Stiglitz y Gregory Mankiw a través de un análisis de contenido hecho a una selección de sus obras, utilizando las categorías de análisis de precio, crecimiento e información. El análisis utiliza los aportes hechos al campo de la Historia de las Ideas por los historiadores Quentin Skinner y Reinhart Koselleck acerca del texto y el contexto, la intención al hacer una obra y el condicionamiento entre lenguaje e historia, que permiten construir una breve contextualización histórica del momento en que se dan los debates académicos en que se dan las …

Escaping The Snowstorm: Legal Rights And Economics In The Developing World, Zane Tolchinsky

CMC Senior Theses

In this thesis, I seek to provide a framework for developing nations making policy-decisions about legal rights, as in the realm of Rawlsian ideal theory, prescriptions for governments not living in conditions of moderate scarcity is lacking. I first springboard off Stephen Holmes and Cass R. Sunstein’s conclusion that “all legal rights are positive,” from their book, The Cost of Rights, to argue for the value of considering the economic implications of rights protections. I then propose that Holmes and Sunstein’s conclusion means that we can think of legal rights as goods to be purchased by governments. Next, I …

Essays In Development Economics, Zachary Rodriguez

Graduate Theses, Dissertations, and Problem Reports

My dissertation focuses on several fields of study within economics. The common lens through which I ask all my questions is development economics. I employ health and public economics to aide in the interpretation and discussion of my analyses. Separately, my chapters explore issues related positive spillovers from overcompetition in contests, demand for financial services among low-income households, and the empowerment of women through access to guaranteed employment. Collectively, my dissertation offers evidence and insight regarding how we analyze and improve development initiatives that aim to change the lives of people who are poor or ill.

Bowling Green Business: The Incentives Inciting Economic Growth, Paul Garbarino

Honors Projects

This paper analyzes the different factors and incentives influencing company and business site selection decision making. Policy incentives offered by governments for businesses, such as tax exemptions and reductions, subsidies, and promises of quality community life are evaluated for their effectiveness. This paper focuses on the City of Bowling Green, OH as a case study on what attracts businesses into local, smaller municipalities. Three manufacturer's within the Bowling Green jurisdiction are closely evaluated to determine what factors, including location, labor force, and quality of life, influenced their decisions to operate in Bowling Green.

The Effects Of Destruction: A Macroeconomic Story, Kara Riesing

Theses and Dissertations--Economics

Destructive events such as natural disasters and terrorist attacks occur not only in developing economies but also developed economies. Consequently, the response of these economies has been observed in case of both type of events. This dissertation is a collection of essays regarding natural disasters, terrorist attacks and the macroeconomy. Specifically, I examine the response of local labor markets that reflect a wide spectrum of economies, but also have a safety-net in the form of being part of a developed country in the aftermath of a violent tornado. Further, I explore the heterogeneity in the economies response to natural disasters …

Sweden's Great Escape: Industrialization And The Changing Productivity Cost Of Winter, Charlotte Taylor, Jesse Anttila-Hughes

Master's Theses

We combine a paleoclimate reconstruction of the North Atlantic Oscillation (NAO)- a key determinant of Scandinavian winter intensity- with four centuries of historical production data from Sweden, to examine the changing influence of climate variability on production over time. We find the colder, drier winters associated with the negative phase of the NAO led to reduced economic production for much of Swedish history, and that this relationship changed with development: during industrialization, Sweden underwent a transition from ‘level’ effects, where harsh winters lowered average incomes, to ‘growth’ effects, where it reduced growth in improving living standards. Post-industrialization, neither ‘level’ nor …

Essays On Economic Growth, Minhyeon Jeong

Arts & Sciences Electronic Theses and Dissertations

My dissertation investigates how economic growth is determined in the long run. To do this, I focus mainly on culture and institutions as fundamental growth factors and develop a general theoretical framework in which culture, institutions and growth are all endogenously determined. Using the framework, I highlight the crucial role of interaction between culture and institutions in the long-term growth.

Chapter 1. Endogenous Financial Friction and Growth

The first chapter investigates the role financial frictions play in economic growth. Most existing studies consider an exogenous form of borrowing constraint, the tightness of which is arbitrarily fixed at a certain value …

Essays On Economic Growth In India, Sujana Kabiraj

LSU Doctoral Dissertations

This dissertation comprises of three distinct studies that contribute to the field of economic growth in India. First, we investigate patterns of growth at the district level (second level administrative units) using radiance calibrated night lights data for 2000-2010. We examine growth both at the aggregated district level, as well as along the rural and urban dimensions. We find evidence of both absolute and conditional convergence, with convergence among rural areas being the primary driver. However, there is no evidence of convergence among urban areas. Moving further along similar lines, we explore the effect of credit shocks, generated by scheduled …

Slavery, Migration, And Local Development In The Western Us, Colin Q. Sharpe

Theses and Dissertations

This paper examines the effects of migration from eastern slave states in the 19th century on the subsequent development of counties in the Western US. I find that increased migration from slave states has a large, statistically significant negative effect on 2010 income, and no significant effect on racial inequality or overall income inequality. These findings are robust to a variety of specifications, including controls for geographic factors, state fixed effects, and various county level social and economic conditions. Data on individual migrants suggest that the cause of the negative income effect is the lower average human capital endowment of …

From The Classical School To Today: The Evolution Of Stagnation Theories, Francis J. Lukacovic Ii

Applied Economics Theses

The purpose of this thesis is to study the theory of secular stagnation, which was made famous by the American Keynesian economist Alvin Hansen in his book Full Recovery or Stagnation. The theory of secular stagnation has reappeared in economic circles today due to recent economic conditions since the financial crisis of 2007-2008. The thesis will analyze the history of the stagnation theory dating back to Classical economists in the 19^th century. The concept of a stagnating economy has been talked about for centuries with many economists adding important thoughts. Furthermore, the thesis will address the current questions and …

Economic Policy Implications Of Port Concession In Nigeria, Chiedu Bertram Ndubisi

Walden Dissertations and Doctoral Studies

Previous research on privatization has focused on its effect on output, profitability, investment, and efficiency at the level of the firm, neglecting the economic growth and other impacts. Nigeria's port privatization through concession in 2006 covered virtually all the ports in the economy. However, the few studies on the subject neither factored in the complexity that characterize the multiple port system nor controlled for alternative explanations of the changes in the economy. This correlational study tested the property rights theory by investigating whether the changes in production efficiency at the ports following privatization are good predictors of economic growth in …

Conditional Cash Transfers And Their Effect On Poverty, Inequality, And School Enrollment: The Case Of Mexico And Latin America, Maria Romano

CMC Senior Theses

Over the past two decades, conditional cash transfer (CCT) has become one of the most widespread approaches to social development in Latin America. Spurred in large part by the evident and immediate success of Mexico’s CCT initiative, a multitude of countries began to invest heavily in this strategy hoping to reduce poverty and inequality in the short and long run. This paper examines the relationship between CCT program breadth and poverty, inequality, and secondary school enrollment over a thirteen year span in order to determine whether or not programs with the largest coverage were the most efficient. This question is …

Natural Disasters, Foreign Aid And Economic Development, Valeriu Tomescu

Honors Theses and Capstones

No abstract provided.

Essays On Inequality, Credit Constraints, And Growth In Contemporary Mexico, Leopoldo Gómez-Ramírez

Doctoral Dissertations

This dissertation presents four essays on inequality, credit constraints, and economic growth in the Mexican economy in its recent history, or “contemporary Mexico”. In the first essay, it is argued that the possibility that wealth/income inequality could affect economic growth has been neglected in the contemporary Mexican economy literature. Also, preliminary thoughts on the channels through which inequality could have been affecting growth are offered. In the second essay, a time series, macroeconometric analysis on the possible relationship between inequality and aggregate production (GDP) in Mexico is presented. The analysis suggests that an increase in inequality boosts the economy, but …

Privatization & Fdi: Examining Growth In Vietnam's Provinces, William T. Clark

Master's Theses

Over the past three decades many developing countries have looked toward privatizing investment markets and relying more on Foreign Direct Investment (FDI) to supply needed capital investment for their emerging private sectors. In their pursuit of foreign capital, developing countries have enacted several changes in economic policy and regulation in hopes of transforming formerly rural and undeveloped countries into highly urbanized centers of global production. This is particularly true for a transitioning economy such as Vietnam, which has seen increasing privatization of industry and investment since the reforms of 1986 known as “Doi Moi.” In this study I …

Economic Growth And Development In Sub-Saharan Africa, Asia, And Latin America: The Impact Of Human Capital, Angui D. Macham

Applied Economics Theses

My thesis is that human capital has been important to growth, but has had differential impact in three areas: Sub-Sahara Africa; Asia; and Latin America. I estimated three regional models to determine the impact of human capital on the growth of gross domestic product (GDP) per capita. Each model was estimated using the pooled OLS approach with a sample of 10 countries within each region. I make use of data from the Penn World Table- international comparisons of production data bank. I found that only the African region had statistically significant coefficients for both physical and human capital. For the …

Aglomeración Productiva De Línea Deportiva Ubicada En El Barrio Siete De Agosto, Localidad De Barrios Unidos En La Ciudad De Bogotá, Sandra Milena Rivera Prieto, Tania Fernanda Palacios Bohórquez

Finanzas y Comercio Internacional

Las aglomeraciones y los sistemas productivos locales han sido una herramienta útil para impulsar tanto el crecimiento como el desarrollo económico, social y territorial. Actualmente la ciudad de Bogotá cuenta con PYMES concentradas en lugares y sectores específicos, las cuales carecen de un estudio que determine sus principales características. Por lo anterior, se requiere determinar los alcances de una de las aglomeraciones de la ciudad. La aglomeración productiva de línea deportiva del barrio Siete de Agosto, con el fin de determinar el grado de crecimiento y desarrollo que esta genera en el sector. Teniendo en cuenta lo anterior, es necesario …

Economías De Aglomeración En El Sector Floricultor De Municipios De Funza Y Madrid, Durante La Última Década, Laura Camila Losada Pérez, Juan Camilo Mantilla Ruíz

Economía

La floricultura fue pensada desde sus inicios como un sector con miras a comercializarse en la economía mundial, bajo esta idea, las empresas tuvieron que ofrecer productos de calidad para satisfacer la demanda de mercados tan exigentes, de allí que la concentración de las firmas en la última década ha sido más notoria. Por ello es que se cree que dentro de esta industria operan economías de aglomeración que crean una red asociativa entre productores, proveedores y trabajadores. Por tanto, Bajo la teoría del desarrollo endógeno se quiere estudiar ¿Cuáles han sido los factores de incidencia para que se estén …

An Empirical Exploration Of The Effects Of Natural Gas Prices On Solar Energy Growth, Jeffrey Walton

Economics Theses

This paper analyzes the relationship between natural gas prices and solar installation in the past ten years. The point is to explain how the fluctuations in natural gas prices have effected solar installation. Briefly, natural gas prices from three to five years ago have a positive coefficient on solar installation in the current period, meaning that as the natural gas price three to five years ago increases, solar installation today increases. In course of the analysis, we find that the Goldilocks theory holds true and a natural gas price range from $4 to $6 leads to the highest level of …

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 …

The Reliability Of Chinese Economic Statistics, Lili Yu

Electronic Theses and Dissertations

China's rapid economic growth over the past three decades has drawn attention from all over the world. The sources and reliability of the official statistics behind the tremendous growth have been the subject of heated debate among economists. This paper contributes to this data reliability debate by analyzing on the GDP statistics of China and seeks to establish whether or not the official data are valid.

This study begins with a review of the prominent research on the topic. The majority of these studies, reviewed in chapter two, point to a series of inherent contradictions in the official figures, which …

Financial Intermediation, Growth, And Microfinance In Turkey: A Quantitative Study, Selina Howe Carter

Economics - Theses

This paper uses pooled data from Turkey's largest microfinance organization to test if loans increase borrower income in the sample. Using savings deposits as a proxy for borrower income, the results show a statistically significant, positive correlation between loans and savings behavior, ceteris paribus. This suggests that microfinance is an effective tool for poverty reduction in Turkey. Since there is no prior quantitative study on microfinance in the country, this study is of interest to Turkish policymakers.

This paper first outlines existing literature on financial intermediation and growth. It then describes the development of Turkey's banking industry and its nascent …