Social and Behavioral Sciences Commons^™

Women In China, Between Confucius And The Market, Tonia Warnecke, Alain Blanchard

Faculty Publications

No abstract provided.

Is The Philips Curve Useful For Monetary Policy In Nigeria, Carlos J. Garcia

CBN Occasional Papers

The objective of this article is to determine if the Phillips curve is a relevant tool to conduct monetary policy in African countries wishing to adopt an inflation-targeting regime. I choose Nigeria as a case of study because it is in the early stage of the implementation of this regime. I estimate a medium-sized model for monetary policy analysis. The model reflects a synthesis between the New Keynesian and the Real Business Cycle (RBC) approaches. Then I estimate the model by using Bayesian econometric technique in order to overcome the shortage of data availability. The study concludes that there is …

How Does Income Inequality Affect The Growth Of U.S. Counties?, Jeremy Roth

Economics Honors Projects

This paper aims to conduct a precise test of the political economy hypothesis linking income inequality and economic growth. By choosing covariates from a detailed county-level dataset and assuming that U.S. counties experience perfect capital mobility, I shut off the four possible channels linking inequality and growth other than political economy. This is a first in an empirical literature that has reported conflicting findings with observations of states and countries. I also present thematic maps to illustrate the cross-county variation in key growth determinants that is masked by state-level studies. My econometric tests find a negative association between the initial …

Economic Growth And Social Development, Janelle Jones

Master's Theses - Economics

The goal of this paper is to examine the relationship between economic growth and social development. The paper looks at the effect of changes in national income in a country on social development of the citizens. Other factors like democratic characteristics and government stability are also considered at a secondary level. Although the main focus is on annual cross-country data for the period 1996-2006, estimates for shorter subperiods are also considered. The role of income relative to 16 proxies for social development is studied, and simple regression models are estimated through the fixed-effects format and also by using instrumental variables. …

Innovation And Entrepreneurship: The New Drift In Federal Policy, Mark Muro

Brookings Scholar Lecture Series

Several defining characteristics will shape the post‐Great Recession economy:The “next” economy will be export‐oriented, lower‐carbon, and innovation‐fueled The next economy will also be metropolitan‐led:Which means regions belong at the center of national innovation and entrepreneurship policy. There is no single American economy, but a network of 366 metropolitan economies that compete with other economic regions around the world

Reclaiming Prosperity: Repositioning Southern Nevada For The Next Economy, Bruce Katz

Brookings Scholar Lecture Series

The outlines of the next American economy are coming into focus, yet the future remains uncertain in Southern Nevada as America's newest metropolis labors through a major recession. It is time therefore to get back on track and begin laying the foundation for a new and more durable kind of growth in metropolitan Las Vegas and across the Intermountain West. To help with that, urban visionary Bruce Katz advanced a powerful depiction of the next American economy in a major UNLV lecture and articulated a bold agenda for helping Las Vegas reclaim prosperity in the new era.

Las Vegas As The American Milan: Economic Growth In The World Economy, Robert E. Lang

Brookings Scholar Lecture Series

Milan as a Metaphor:
- Milan Makes Stuff and is a Tech City
- Milan’s Specialty as a World City is Design and Trade
- Milan is Not a Museum—Unlike Some Other Italian Cities that have Inspired Las Vegas such as Venice and Florence
- Design Needs Flair—We Got Plenty of That and it Plays to a Key Strength

The Next Las Vegas Boom, Robert E. Lang

Brookings Scholar Lecture Series

The Great Recession—Where are We Now?

- U.S. Employment

- U.S. GDP by Type

- U.S. Household Net Worth

- U.S Retail Sales

How Does Foreign Direct Investment Affect Growth In Developing Countries? An Empirical Investigation, E. M. Ekanayake, John R. Ledgerwood

Publications

This paper analyzes the effects of foreign direct investment on the economic growth of developing countries. The study uses annual data on a group of 85 developing countries covering Asia, Africa, and Latin America and the Caribbean for the period 1980-2007. We explore the hypothesis that foreign direct investment can promote growth in developing countries. We test this hypothesis using panel data series for foreign direct investment, while accounting for regional differences in Asian, African, Latin American, and the Caribbean countries as well as the differences in income levels. While the findings of previous studies are generally mixed, our results …

Moral Markets: The Critical Role Of Values In The Economy By Paul J. Zak (Book Review), Jonathan B. Wight

Economics Faculty Publications

This volume contains the fruits of a two-year seminar on ethics and economics funded by the John Templeton Foundation and administered through the Gruter Institute for Law and Behavioral Research. Participants came from the social sciences, natural sciences, and humanities, and included Nobel Laureate Vernon Smith and other figures such as Frans de Waal, Herbert Gintis, Robert Frank, and Robert Solomon (for whom the book is dedicated in memoriam). The book’s editor, Paul Zak, is a pioneer in the emerging field of neuroeconomics, which uses medical technology to discover the physiological manifestations of cooperative and altruistic behavior. A theme of …

An Empirical Analysis Of The Interactions Between Environmental Regulations And Economic Growth, Chali Nondo, Peter V. Schaeffer, Tesfa Gebremedhin, Jerald J. Fletcher

Regional Research Institute Working Papers

The purpose of this research is to examine the relationship between environmental regulation and economic growth. A four-equation regional growth model is used to analyze the simultaneous relationships among changes in population, employment, per capita income, and environmental regulations for the 410 counties in Appalachia. Our results reveal that initial conditions for environmental regulation are negatively related to regional growth factors of change in population, per capita income, and total employment. From this, we infer that the diversion of resources from production and investment activities to pollution abatement is inadvertently transmitted to other sectors of the economy—thereby resulting in a …

A Dynamic Shift Share Analysis Of Economic Growth In West Virginia, Janaranjana Herath, Tesfa Gebremedhin, Blessing M. Maumbe

Regional Research Institute Working Papers

A regional economy consists of industries with a variety of economic potentials. A growth or decline in any of these sectors affects the overall growth of the economy. Analysis of economic growth by sector of a particular region helps policy makers, community leaders and researchers in better decision making and problem solving. This study attempts to analyze the employment growth pattern and policy implications in the economic development of West Virginia using a dynamic shift share analysis. The study uses employment data for 38 years from 1970 to 2007 for the empirical analysis. Results indicate that agriculture, mining and manufacturing …