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Full-Text Articles in Social and Behavioral Sciences
An Economic Analysis Of Civil War: How Constitutions And Ethnic Diversity Impact Internal Conflict, Zachary Roth
An Economic Analysis Of Civil War: How Constitutions And Ethnic Diversity Impact Internal Conflict, Zachary Roth
Honors Theses
This thesis explores the connection between ethnic diversity and constitutional structures on the incidence of civil war. The following paper will bridge the gap between existing economic literature on constitutions and the existing work on civil wars. The main economic theory behind civil war is a cost-benefit analysis. Costs of civil wars include raising an army supporting the army economic losses due to conflict and the lives lost in the fighting itself while the main benefit is the gains of governing. The other main economic theory to civil war is game theory exploring how the two sides engaging in civil …
The Effects Of Oil Price Shocks On The Stock Market Returns In Developed Economies, Ian Zangrillo
The Effects Of Oil Price Shocks On The Stock Market Returns In Developed Economies, Ian Zangrillo
Honors Theses
This paper examines the effects of oil price shocks on stock returns in OECD countries specifically Canada France Germany Japan United Kingdom United States and Norway. The empirical method used is the vector autoregression (VAR) model where a generalized impulse response function is applied to the results of the VAR to determine how stock prices respond to a shock in oil prices. The VAR model uses quarterly data for the period 1994 to 2016 for the following variables: interest rates real GDP real stock returns real UK Brent crude oil and APSP crude oil index. To take into account structural …