Social and Behavioral Sciences Commons^™

Political Polarization And Price Dispersion: Recent Evidence From The Airline Industry During Covid-19, Jihui Chen

Faculty Publications – Economics

This paper analyzes the relationship between price dispersion and political polarization of the endpoint states on a given route during the COVID-19 pandemic. The sample includes ticket information from the DB1B database between 2020:Q1 and 2021:Q4. The fixed-effect panel instrument variable (IV) estimation finds evidence of increased price dispersion on routes connecting states led by a Republican governor than those linking Democrat-led states. My analysis adds to the literature by exploiting the impact of political factors (i.e. demand shocks triggered by the COVID-19 policy interventions) on price dispersion using the latest data.

U.S.-China Economic Links And Technological Decoupling, Kevin Zhang

Faculty Publications – Economics

The US has been waging an economic decoupling from China, in which national security concerns replace economic logic and loss-loss game replaces win-win gains from globalization. The decoupling is generating profound ramifications for the world as well as the US and China. The article explores the following questions: what drives the US government to implement the decoupling? what rationales for technology separation as the core of the decoupling? and what are possible outcomes of the decoupling in the short run and long run? It argues that (a) the decoupling was motivated mainly by national security and geopolitical concerns that China’s …

Three Essays On Macroeconomic Shocks, Chase Coleman

Theses and Dissertations--Economics

This dissertation looks at the role that various macroeconomic shocks have on the economy through the lens of both macro- and micro-economic perspectives. In the macro realm, I examine the importance of how researchers measure shocks; functional shocks reveal information latent in scalar shocks. From the micro point of view, I examine the impact of a change in national tax policy.

In Chapter 2, I analyze the effect of monetary policy shocks on household consumption. Measuring shocks as shifts in the entire term structure of interest rates reveals a heterogeneous response of households to conventional and unconventional policies. I find …

State Of The Northwest Arkansas Region 2023 Report, Mervin Jebaraj, Kashfia Kamal

State of the Northwest Arkansas Region Report

The State of the Northwest Arkansas Region Report is an annual publication, commissioned by the Northwest Arkansas Council, that serves as a tool for measuring economic performance. In July 2018, the Northwest Arkansas Council created a new blueprint for development in which Northwest Arkansas is benchmarked with other high-performing regions, namely Austin, Des Moines, Madison, Durham-Chapel Hill, Raleigh and Provo-Orem. The 2023 report compares Northwest Arkansas with these geographies in gross domestic product, employment, unemployment, establishment growth, median household income, average annual wages, poverty, educational attainment, research and development spending, homeownership costs, commuting time and average domestic airfares. The following …

Ownership Of Esg Characteristics, Mark E. Bateman, Lisa R. Goldberg

School of Public Service Faculty Publications

A portfolio can be viewed as the collection of the businesses, policies and practices of constituent companies. We measure investors' Ownership of this collection. Ownership metrics aggregate an assortment of company specific Environmental, Social and Governance (ESG) characteristics to the portfolio level, and they can inform investment and engagement decisions. Relative to a benchmark, investor Ownership is active and satisfies a zero-sum property, which underscores the distinction between Ownership and impact. Ownership of ESG characteristics may be interpreted as ascribing ethical responsibility, but that conclusion and any decisions that result from it belong to the investor.

Ukraine’S Economic Shocks In Egypt, Amr Adly, Omar Auf

Faculty Journal Articles

No abstract provided.

When Minsky And Godley Met The Dependentistas: The Currency Hierarchy In A Stock-Flow Consistent Model, Nitin Nair Ms

Theses - Graduate Programs in Economic Theory and Policy

Underdevelopment often is conceived as being reproduced domestically. This thesis emphasizes the international forces that enable the persistence of underdevelopment. The first part of this thesis lays out a liquidity approach to underdevelopment which suggests that failure to create capacity arises from the asymmetries of international financial relationships. The second part of this thesis investigates a specific financial asymmetry, the currency hierarchy. We point out that the uncovered interest rate parity and the divergence from it are necessary conditions for the emergence of the currency hierarchy. Using ratios from the balance sheet of the currency issuer, we propose a quantification …

Dynamic Correlations Of Bond And Equity Futures And Macroeconomic Determinants: International Evidence, Nikiforos T. Laopodis, Theophano Patra, Vassilis Thomas

Business Faculty Publications

This paper examines whether the dynamic co-movements between stock-bond futures markets may be driven by domestic and international macroeconomic factors. The empirical analysis also investigates whether economic uncertainty and geopolitical risks have an impact on the dynamic conditional correlations of bond and equity futures markets. The results pointed to significance of domestic inflation and industrial production, while the 3M USD Libor and 3M Euribor surfaced as determinants of the dynamic equity-bond futures correlations. Finally, the paper examines the impact of the pandemic on the dynamic correlations with the split of the sample in pre- and post-pandemic periods and it was …

Do Electric Vehicle Charger Locations Respond To The Potential Charging Demands From Multi-Unit Dwellings? Evidence From Los Angeles County, Zhongying Gan

Business Faculty Publications

With the transportation sector being the largest contributor of greenhouse gas emissions in the United States, states are actively planning the deployment of plug-in electric vehicles (PEVs). Mass adoption of PEVs requires attracting potential buyers living in multi-unit dwellings (MUDs). Given the current low adoption rate of PEVs in MUDs and MUD residents’ reliance on public charging, this paper studies whether there is a positive correlation between the number of public Level 2 (L2) chargers and MUD density (measured by total square footage of MUD per capita) across census block groups (CBGs) in LA County. The results show that high …

Essays In Applied Microeconomics, Joshua C. Martin

Graduate Theses, Dissertations, and Problem Reports (ETD)

The first chapter examines the role that same-sex marriage legalization had on the number of adoptions of children from foster care in the United States. We do so by employing a synthetic difference-in-differences estimator which leverages both the differential timing of these laws across states and the subsequent wave of state-level legal protections which give foster-care agencies the right to deny service to same-sex couples based on religiously-held beliefs. Using highly detailed, county-level data of nearly 20 million children in the foster care system from 1995-2020, our findings reveal that same-sex marriage legalization led to a 3.8%-5.9% increase in the …

Uncovering The Effects Of The Freedman's Bank Failure On Personal Property: An Analysis Of Newly Obtained Data From Kentucky And Georgia, Hannah Fowler

Scripps Senior Theses

The Freedman's Savings and Trust Company (the Freedman’s Bank), collapsed in 1874, resulting in the loss of savings for many African American depositors. This study uses a difference-in-difference analysis to investigate the impact of the closure of the Freedman's Bank on the economic well-being of African American taxpayers in Georgia and Kentucky during the Reconstruction era. The analysis did not identify a statistically significant treatment effect; however, it highlights the potential of previously unused archival data sources for future research. The study also draws attention to the need for more comprehensive and rigorous research in this area, in order to …

Boom And Bust: Job Churn In The Technology Industry In The Covid-19 Pandemic Era, Aliza Mayer

Scripps Senior Theses

Layoffs in the technology sector since 2021 have dominated news cycles and raised concern amongst everyone, from investors to employees. However, there is limited literature regarding the reasoning behind these layoffs and whether they really are as concerning and dramatic as our modern-day news has expressed. In this paper, I examined the historical trends of employment and contributing factors and discerned that the current wave of layoffs has occurred for a few reasons. In the past, the technology sector has been very strategic with hiring and only does so when revenue permits. However, during the pandemic, the technology sector became …

Impact Of Goods And Money Market Indicators On Stock Market Index In Nigeria, Adamu Hassan, Mika'‘Ilu Abubakar

Bullion

This study examines the influence of goods and money

market indicators on the performance of the Nigerian

stock market index from 1985 to 2021 using

Autoregressive Distributed Lag model. The findings

demonstrate that goods market indicators such as

domestic savings and government spending have a

strong positive effect on the performance of the stock

market index, but domestic investment has a negative

influence on the performance of the stock market index.

This is because majority of the investors in goods market

are financially excluded and have no access to formal

financial system. The results of the money market reveal

that …

Redlining And Opioid Overdose Outcomes: Do Historical Housing Policies Still Impact Health Today?, Sahana Paravantavida

Honors Theses

This study examines the relationship between historical housing policies and current health outcomes, specifically the impact of redlining on opioid overdose rates. Using data collected from the state of New Jersey, neighborhoods with a history of redlining have higher rates of opioid overdose deaths. My findings suggest that historical housing policies, which systematically excluded certain populations from accessing affordable housing and resources, continue to impact health outcomes today.

Earnings Gap Between Urban And Rural Migrant Workers In Vietnam, Kristen Le

Honors Theses

This thesis studies whether there is an earnings disparity between urban and rural migrant workers in Vietnam’s urban areas and whether that earnings gap is due to individual characteristics and human capital levels or other unobserved factors. In this paper, urban workers, or urban residents, are workers who have household registration status in the urban cities where they work. On the other hand, rural migrant workers, or rural-to-urban migrants, are defined as workers who live and work in urban cities but have their registered household statuses in other rural areas. Using the Vietnam Household Living Standard Survey (VHLSS) in 2008, …

The Impact Of Private Equity Investment On The Market Performance Of Listed Companies On The A-Share Market In China, Mengyu Zhan, Sorasart Sukcharoensin

DLSU Business & Economics Review

This study aims to analyze all the Chinese Initial Public Offerings (IPOs) during 2010–2014 and follow their performance for five years. The study particularly tests the competing hypotheses on the role of Chinese private equity. The sample includes 916 firms that operate continuously for five years after IPOs to provide additional evidence on long-term performance. The results using the BHARs method indicate that private equity-backed IPOs tend to have significantly higher initial returns than non-PE-backed ones during three years of listing, supporting the screening and monitoring effect hypothesis in China’s capital market. After three years, the market performance of PE-backed …

Chinese Yuan Interest Rate Swap Yields, Tanweer Akram, Khawaja Mamun

WCBT Faculty Publications

This paper models the dynamics of Chinese yuan–denominated long-term interest rate swap yields. It shows that the short-term interest rate exerts a decisive influence on the long-term swap yield after controlling for various macrofinancial variables, such as core inflation, the growth of industrial production, the percent change in the equity price index, and the percentage change in the Chinese yuan exchange rate. The autoregressive distributed lag approach is applied to model the dynamics of the long-term swap yield. The findings reinforce and extend John Maynard Keynes’s conjecture that in advanced countries, as well as emerging market economies such as China, …

Peer-To-Peer Energy Trading In Smart Residential Environment With User Behavioral Modeling, Ashutosh Timilsina

Theses and Dissertations--Computer Science

Electric power systems are transforming from a centralized unidirectional market to a decentralized open market. With this shift, the end-users have the possibility to actively participate in local energy exchanges, with or without the involvement of the main grid. Rapidly reducing prices for Renewable Energy Technologies (RETs), supported by their ease of installation and operation, with the facilitation of Electric Vehicles (EV) and Smart Grid (SG) technologies to make bidirectional flow of energy possible, has contributed to this changing landscape in the distribution side of the traditional power grid.

Trading energy among users in a decentralized fashion has been referred …

Marx's Last Theorem, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2012). Wicksell effect is monotonic. Unpublished manuscript.
• Shaikh, A. (2012). Ratio of complex numbers. Unpublished manuscript.
• Shaikh, A. (2016). Classical theory of price-matrix algebra. Unpublished manuscript.
• Shaikh, A. (2017). Zambelli - one curve was.... Unpublished manuscript.
• Shaikh, A. (2015). Fitting a curve to the observed values and relation of fitted curve to corresponding probability distributions. Unpublished manuscript.
• Shaikh, A. (2020). Empirical distribution function of eigenvalues = edf. Unpublished manuscript.
• Shaikh, A. (2015). Eigenvalue distribution & means. Unpublished manuscript.
• Shaikh, A. (2015). Weibull & eigenvalue distribution. Unpublished manuscript. …

Sovereign Wealth Funds, Corporate Governance, And Corporate Performance, Feiyu Liu

Graduate Theses, Dissertations, and Problem Reports (ETD)

This dissertation comprises three chapters regarding the impact of sovereign wealth fund (SWF) investments on target firms’ corporate governance, cost of debt, and corporate social responsibility performance.

The first chapter is entitled “The Corporate Governance Consequences of Small Shareholdings: Evidence from Sovereign Wealth Fund Cross-Border Investments.” This chapter shows that firms’ corporate governance decrease following SWF cross-border investments. This impact holds for small SWF cross-border equity investments only, and is stronger for firms that are weakly governed and for those located in jurisdictions with weak shareholder protection. The negative relation is more pronounced when SWFs’ home countries have lower-quality investor …

Essays On The Economics Of Law And Crime, Zachary J. Porreca

Graduate Theses, Dissertations, and Problem Reports (ETD)

The first chapter examines the connection between gentrification and urban violence. I demonstrate a positive and plausibly causal relationship between urban redevelopment and gun violence in Philadelphia. As the underlying mechanism, I focus on gentrification's displacement effect on local drug markets. Treating the city as a spatial network of city blocks and using two-way fixed effects differences-in-differences estimators, I show the gentrification of one block increases violence across the surrounding neighborhood. I find that some 2,400 (8%) of Philadelphia's shootings between the years 2011 and 2020 can be attributed to spillover effects from the gentrification of drug blocks. This effect …

The Impact Of Subjective Risk Analysis On Real Estate Prices In The Nisqually Region Following The 2001 Nisqually Earthquake, Ryan Espedal

All Master's Theses

Earthquakes are an environmental hazard that pose great risks to communities almost every day. With earthquakes, the main cause of concern is physical destruction of property, however, there are also psychological effects that are researched and discussed much less. In 2001, the Nisqually area of western Washington experienced a substantial earthquake that produced minimal physical damage but caused a significant decrease in real estate prices. Studying single-family homes from 1986-2012, this research utilizes hedonic property models to measure the change in consumer’s subjective risk calculations with reference to real estate purchases after the Nisqually earthquake, measure the relationship between earthquake …

An Analysis Of Demand-Pull Inflation In The United States Post-Pandemic, Isabella A. Moynihan

Honors Theses

The COVID-19 pandemic led to a global shutdown of the economy resulting from both demand and supply shocks. Also, the significant decline in output and employment in the immediate aftermath of the pandemic led to a fast reaction from the government in the form of large fiscal rescue packages. At the end of 2021, the acceleration of inflation, which had been dormant for more than four decades, became the main topic of macroeconomic debates. The debate has revolved around the influence of cost-push versus demand-pull causes of inflation. The dominant view in the United States has been that inflation resulted …

The Labor Share In The Post-1980 Economy: An Analysis Of The Contributing Factors, Mia Bellucci

Honors Theses

During the Neoliberal period, which roughly began in the early 1980s in the U.S., there was a substantial slowdown in the growth rate of real hourly compensation, while productivity had continued to grow. The last two decades of the Neoliberal period (2000 – 2020) also experienced somewhat of a substantial decline in the labor share. In recent decades, there has been a growing amount of literature attempting to explain the major factors that have contributed to these recent labor market developments. This study provides a means of investigating the changes in the labor share and its components (i.e., real hourly …

Small Firm Electricity Demand In Las Cruces: 1978-2018, Thomas M. Fullerton Jr., Daniel J. Pastor, Michael Pokojovy, Andrew T. Yurachek

Border Region Modeling Project

Research examining small commercial and industrial electricity usage patterns have historically received less attention than residential electricity consumption patterns. This study examines electricity as an input to small firm commercial and industrial (CIS) production in Las Cruces, the second largest metropolitan economy in the state of New Mexico, using annual frequency data from 1978 to 2018. Those data include labor, per capita personal income, price measures for electricity and natural gas, and weather variables. The long-run and short-run elasticities of the data are then estimated using an autoregressive distributed lag model (ARDL). In the long-run, the CIS derived-demand curve is …

An Empirical Analysis Of The Impact Of Covid-19 On Trade: Evidence From A Small Island African Economy, Z Khan Jaffur, V Tandrayen-Ragoobur, B Seetanah

Journal of African Trade

This study investigates the potential impacts of the COVID-19 pandemic and related containment measures on the trade system of Mauritius for the period January 2010 to June 2021. As the pandemic spread across the globe due to high interconnectedness across countries, authorities has also established stringent health containment measures in the form of restrictions on people and businesses to slow the propagation of the virus. Being a small island economy highly dependent on international trade, Mauritius also faced the brunt of the pandemic which disrupted its economic activities and trade flows with its main trading partners. COVID-19 incidence and lockdown …

The Expected Risks And Exacerbations Of Poverty, Mental Health Disorders, And Maternal Mortality From Abortion Bans: A Comparative Literature Analysis, Daniel J. Francisco

All Master's Theses

Background. Early termination of a pregnancy (hereinafter referred to as an “abortion”) has been debated in the United States (U.S.) for decades, without much regard to the negative outcomes that forced pregnancies have for those assigned female at birth regarding poverty, mental health and maternal mortality. In 1973, access to safe abortions was protected so long that the procedure was done within the legal gestational period and/or was necessary for the health and safety of the patient (Blackmun, 1972). Unfortunately, in 2022, the Supreme Court took that protection away and made it legal for states to determine the reproductive rights …

How Public Health Expenditure Affect Health Outcomes In Cameroon, Gilbert Njinju Ayimaleh

Walden Dissertations and Doctoral Studies

Most African governments, and Cameroon in particular, have identified the reduction of infant mortality and life expectancy in Africa as a critical priority. The United Nations Millennium Development Goals set a target objective of reducing infant mortality by 60% from 1990 to 2015 in less-developed countries. Good health contributes significantly to the attainment of sustainable development and health outcomes. Despite Cameroon’s progress in achieving health-related Millennium Development Goals regarding reducing infant mortality and increasing life expectancy, the country is still worse in respect to health outcomes compared to other Sub-Saharan Countries like Nigeria and Ghana thus more need to be …

From More Growth To Better Growth : The Challenge And The Way Out, Lok Sang Ho, Wing Lok Hung

PSEI/CERP Working Paper Series

The Chinese economy’s meteoric rise has caused alarm in the West. An article published online on the CNN website states, “China’s rapid technological advances have also made it a strategic threat to the United States and its allies. It’s steadily pushing American rivals out of long-held leadership positions in sectors ranging from 5G technology to artificial intelligence.” This, in truth, is the nature of the “threat” perceived by politicians in the West. It was also pointed out that “Until recently, some economists were predicting that China would become the world’s biggest economy by 2030, unseating the United States.” If China …

A Study Of The Impact Of Different Demographic Characteristics On Purchasing Factors Of Thai Weaving Products, Shuwen Yu

Chulalongkorn University Theses and Dissertations (Chula ETD)

This study explores the impact of different demographic characteristics on the purchasing factors of Thai weaving products. Through a quantitative survey of consumers, this study identifies the key factors that influence their purchasing decisions, including quality, cultural connotation, service, price, comfort level, maintenance, product variety, design, color, sales location, brand, and recommendations. The analysis reveals significant differences in the importance ratings of these factors based on age, gender, and monthly income level. The findings indicate that female consumers value comfort, design, and color more, while younger consumers emphasize price, design and variety more. In contrast, older consumers value quality, comfort …