Social and Behavioral Sciences Commons^™

Excess Capacity In The Banking Sector And Its Effects On The Sub-Saharan Economy, Fu-Ad Wumpaeh Alhassan

Masters Theses

The banking sector plays a critical role in driving economic growth and financial stability in any region. However, the issue of excess capacity within this sector can have a profound effect on the overall health of the economy. This study investigates the excess capacity in the banking sector within the context of the Sub-Saharan region and explores its implications on the economic performance of countries within this area.

This research employed a mixed methods approach that combines both quantitative and qualitative analyses. Firstly, a review of existing literature on excess capacity in the banking sector and its impact on economies …

From Soup To Nuts - The Efficiency Of Non-Profits: Evidence From U.S. Food Banks, Mary A. Mattingly

Masters Theses

Nonprofits are a growing part of America’s economy and play an import role in fulfilling the needs of society in addition to private firms and government agencies. Economists haven’t researched nonprofits as much as other firms in the past, but this is starting to change. This project looks at the efficiency of 20 food banks in the United States using Data Envelopment Analysis. The results show that American Food Banks appear to be using their funds efficiently, but others could learn to use their inputs and outputs in a more efficient manner. As more data becomes available, this area of …

Investigating The Impacts Of Monetary Policy On Income Inequality In Developed Nations: Case Study Of The Euro Area, Japan And The United States, Hector Martinez Garcia

Masters Theses

This paper tries to evaluate the effect that unconventional monetary policy has had on income inequality for the set of Eurozone countries, the United States and Japan using an unbalanced panel data model over the period from 1980 to 2021, first jointly and then individually, using different regressions for each case. Based on the regression model analyzed, the study attempts to analyze the relationship between money supply and income inequality as measured by the Gini index using fixed effects and random effects for our panel data model. The study reveals the importance of the money supply variable in reducing inequality …

Crime, Crisis And Economic Growth: An Investigation Of Socio-Economic Determinants Of Crimes In The Indian States, Ankita Thapa

Masters Theses

This paper investigates the impact of socio-economic conditions on five major crime heads from 2001-2019 using a panel data set for the Indian states. The paper focus on the great recession of 2008-09, economic growth of the states, and deterrence variables. The paper employed two estimation procedures: panel Fixed-Effect and two-stage least square-fixed effect (2SLS-FE). The 2SLS-FE is preferred over the fixed effect method, where poverty is treated as an endogenous variable with higher education and social sector expenditure as instrumental variables. A dummy variable is used for the period of the great recession. A square of state GDP per …

The Impact Of Immigration On Unemployment And Wages In The United States: Evidence From Seven States, Carol Ohenewa Bruce-Tagoe

Masters Theses

Immigration and Immigration policies have been a source of debate for political parties in the United States, especially its impact on the labor market. This research investigates how immigration affects unemployment and wages in the U.S. by using a balanced panel dataset of seven states from 2007 to 2019. The states (California, New York, Florida, Texas, New Jersey, Illinois, and Massachusetts) sampled recorded the highest immigrant population and contain key gateway cities. I estimate two models: unemployment growth rate, and wages growth rate. The results of the pooled OLS estimation confirm that immigration has a trivial impact on the U.S. …

Trade Integration And Economic Growth In Africa: Lessons From Sadc And Ecowas Regional Trading Blocs, Kofi Ampoma Asuako

Masters Theses

The literature on the effects of free trade agreements (FTA) or trade liberalization on economies is vast and tends to focus on the post-liberalization performance of countries, particularly in Europe and North America. However, an analysis of how varying levels of integration within free trade blocs in Sub-Saharan Africa affect economic growth does not appear to be in the international economics literature. This analysis is vital as 54 out of 55 African union member States have begun trading under the African Continental Free Trade Agreement (AFCFTA) which intends to gradually decrease and ultimately do away with customs duties and non-tariff …

The Effects Of Imf's Lending And Conditionalities On Economic Growth: Case Of Sadc Countries, Lutete Celina Carlos

Masters Theses

I examine the impact of IMF credit use and its conditions on economic growth performance in 12 South African countries over a period of 1999-2019. The work adopts an empirical and quantitative approach to analyzing the relationship between the GDP per Capita, the use of IMF Credit, Government Final Consumption Expenditure, Net Domestic Credit and Current Account balance. These variables are the most recommended in the IMF conditionalities during the lending arrangements with SADC members. The study uses Fixed-effect approach to evaluate how the use of IMF program and the conditions imposed directly affects economic growth. A dummy variable is …

An Empirical Analysis Of Poverty And Income Inequality In U.S. Southeastern States, Maria Del Carmen Tellez

Masters Theses

This paper analyzes the impacts of education achievement, percentage of households led by a single parent, the percentage of minority population, per capita personal income, percentage of population over 65 years old, and minimum wage on income inequality in 9 southeastern states of the United States, as well as the effects of these variables on poverty, measured as the percentage of the population below poverty level. These southeastern states are Alabama, Arkansas, Georgia, Florida, Louisiana, Mississippi, Oklahoma, Tennessee, and South Carolina. The period of time used for this analysis is from 2000 to 2019. Panel data was used for this …

Financial Development In Developing Countries, Obinna Franklin Ezeibekwe

Masters Theses

What are the economic, political, institutional, socio-cultural, and geographical determinants of financial development in developing countries? This paper uses the two-way fixed effects (with clustered standard errors) and annual panel data from 1980 to 2018 for 69 developing countries in sub-Saharan Africa, Middle East and North Africa, East and South Asia, Latin America, and the Caribbean to address this question. The principal component analysis is employed to construct a financial development index based on three financial development indicators. This study builds on previous studies by introducing new potential determinants of financial development, such as the perception of corruption, and by …

Do Shifts In Labor Shares In Productivity Growth Affect Poverty And Inequality? A Comparative Study Of Sub-Saharan Africa And Asia, Precious W. Allor

Masters Theses

This paper examines whether productivity growth induced by intersectoral labor movement affects inequality and poverty. To address this question a nonparametric shift-share decomposition technique is employed to decompose productivity growth into the structural change component; the component of productivity growth that is induced by the intersectoral labor movement, and the technological change component; the component of productivity growth that is induced by capital or improvements in productive efficiency. The paper then examines the long-run impact of structural change-induced productivity growth on poverty and inequality for a sample of 28 countries, and with a focus on Sub-saharan Africa and Asia. The …

Parents’ Perceived Financial Behaviors Impact On College Students’ Financial Behaviors, Naomi Saxon

Masters Theses

The purpose of this study was to explore the relationship between traditional-aged college students and their parents perceived financial behaviors. It utilized Dew and Xiao’s Financial Management Behavior Scale (FMBS) (2011). Past research indicated that there is a positive impact between a parent’s involvement in students’ academic endeavors, however little research explored the relationship between their impact on a young adults’ financial behaviors. Students’ were asked a series of questions from the FMBS rating their actual financial behaviors. These results were compared to their perception of their parent’s financial behaviors in the following categories: money management, credit management, savings management, …

Growth Convergence Across Countries And Regions In The Long Run: An Empirical Study Using Panel Analysis (1980-2018), Portia Mensah

Masters Theses

With the emergence of new superpowers, the changing landscape of the global economy, and the heterogeneity of growth experiences being discovered in recent times, the concept of growth convergence must be revisited. This study examines whether developing countries are catching up with the advanced countries in terms of their per capita income. The study uses a panel analysis of 69 countries over a period of 39 years spanning from 1980 to 2018 to test for growth convergence (both absolute and conditional) among countries based on the Augmented Solow model. The countries were further divided into three regions namely, Europe, Asia, …

The Determinants Of Sectoral Employment In Nepal, Thaman P. Bastola

Masters Theses

This paper uses the data from 1991 to 2019 to analyze the determinants of employment in agriculture, industrial, and service sectors of Nepal. The data are gotten from the world development indicators (WDI), human development indicators (HDI) and Nepal Rastra Bank (NRB). The results show that significant determinants of employment in Nepal areeducation, health, population growth, interest rate, inflation rate and political conflict.The education, health, population growth, and inflation are inversely related to the employment of agricultural sectors employment. Likewise, the industrial sector employment is positively affected by the health and political conflict, and negatively affected by the level of …

A Comparative Analysis On Output Gap - Inflation Relation: The New Keynesian Approach, Oladimeji Tomiwa Shodipe

Masters Theses

The thrust of this research paper is to examine the inflation information that is contained in the output gap using the New Keynesian Phillips Curve framework. As informed by the model, the study also sets to investigate inflation persistence and the influence of forward inertia on the current inflation. This paper follows the Gali and Monacelli (2005) of the small open-economy type of model. However, the current study differs by introducing external factors (trade and real exchange rate) not only on the hybrid model, also on the backward, forward and the hybrid restricted models for time-series data (1971-2017) of all …

Government Expenditure And Unemployment: Empirical Investigation Of Sub-Saharan African (Ssa) Countries, Grace Ayiwah Fosu

Masters Theses

Over the years, there have been increasing trends in government expenditures in most countries in Sub-Sahara Africa, but some of the social-economic indicators such as health, unemployment, education, inflation, and the others paint a blurry image of the effect of the rising public spending. It is worrisome to see that pictures painted by the economic indicators show that budgets made by governments in Sub-Sahara Africa look good on paper than their actual effect in the economy (Andrews, 2010; Peterson, 2010). As a result of this, the question that keeps emerging is that “does government spending actually impact economic indicators in …

The Impact Of Dutch Disease: The Case Of Nigeria, Halimat Atinuke Laguda

Masters Theses

Nigeria, over the years, has been showing a rapid appreciation of the domestic currency, a rise in real wages and the service sector and a slow-down in the industrial production which are all signs of presence of Dutch disease which predicts that a country with large natural resource rents may experience a de-industrialization and a lower long term economic growth. This paper analyses the impact of Dutch disease in Nigeria Ordinary Least square method, Two-Stage Least Square and Autoregressive Distributed Lag with a system of equation from 1981 to 2017 and found that the real wage rate emphasizes on the …

Women's Empowerment And Its Impact On Reproductive Health Outcomes: Evidence From Nepal, Samyukta Ghimire

Masters Theses

The percentage of women utilizing maternal health care services in Nepal is relatively less than women in other South Asian countries. Moreover, large socio-economic and regional disparities have been the root causes for lower utilization of health care leading to increasing maternal mortality. Using a national representative sample of 9,475 women (2011) and 9,875 women (2016) from Nepal, I examine the impact of women empowerment in relation to prenatal care, place of delivery and postnatal care (3Ps) outcomes. A composite Women’s Empowerment Index (WEI) based upon responses is also constructed to include three empowerment domains namely, attitude toward violence, social …

The Effects Of Health Care Expenditures On Health Outcomes In West Africa: Analysis Of Selected 14 Countries From 2000 To 2018, Oluwaseun Kilanko

Masters Theses

This study has examined the impact of health expenditure on health outcomes in the selected West African countries. The health outcomes used in this study are infant mortality, under-five mortality, and maternal mortality rates. A panel data set for 14 countries for the period 2000‒2018 was used. Aside from examining the role of total health expenditure on the health outcomes, we examine whether public and private healthcare expenditure could have dissimilar health outcomes. This research used panel data estimation method. Panel data has some advantages over the cross sectional analysis and time series analysis in the sense that it controls …

Export Performance Of Landlocked Countries: With Special Reference To Developing Economies, Kaushal Bhattarai

Masters Theses

The present research intends to find whether "landlockedness" has any impact on the exporting capacity of the landlocked countries. To meet that end, I carry out a panel data analysis of 104 countries including 30 landlocked countries. The Hausman test validates the random effect as an appropriate estimation strategy given the structure of the data and research questions in hand. A dummy variable is employed to capture the "landlockedness" and its impact on exporting performance of those countries. The variables openness and foreign direct investments are used to capture the economic health of the countries, other than penalized of being …

Impact Of Foreign Direct Investment On Export Performance: The Case Of Ethiopia, Wengelawit Kebede Tessema

Masters Theses

This study explores the impact of Foreign Direct Investments (FDI) on Ethiopia's export performance. The topic is motivated by the huge investment Government of Ethiopia is making to attract FDI and its optimistic view regarding the role of FDI in boosting export performance. The vector autoregressive model (VAR) has been adopted to estimate the long run causal relationship among exports, foreign direct investment and GDP. Results for the cointegration test show that there exists a long run equilibrium relationship among exports, FDI and GDP. The estimated Error Correction Model finds FDI negatively affecting exports with a two-year gap. Our findings …

Income Inequality And Political Survival In Countries Around The World, Sahan Shrestha

Masters Theses

There are many factors that influence whether a political leader exits out of office or remains in power. In this thesis, we evaluate the impact of one important factor, income inequality, on the survival prospects of the leader using data for 152 countries for the period 1962 - 2015. We use a linear probability model, a logit model, and a Cox Proportional Hazard Model, all of which indicate that higher income inequality increases the probability of leader survival. To address the potential endogeneity of income inequality, I use a simultaneous equations model and the results hold. The results are also …

Investigating The Impact Of Foreign Direct Investment On Domestic Investment In Sub-Saharan Africa: A Case Study Of Kenya And South Africa, George Anaman

Masters Theses

In the progression towards economic growth, countries consider investment as a critical feature in raising productivity levels by boosting technological progress and reducing the unemployment rate. In recent years, the government of South Africa and Kenya have both enacted policies to entice Foreign Direct Investment (FDI) in the view of creating more jobs and bolstering the economy. However, in the bid to attract these foreign investors, FDI may either end up complementing or stifling local investments over time. From this perspective, the objective of the study is to investigate the impact of FDI on Domestic Investments in Sub-Saharan Africa (SSA) …

The Impact Of Fiscal Policy On Economic Growth: Empirical Evidence From Four South Asian Countries, Tasnia Symoom

Masters Theses

There is a constant debate about the effectiveness of fiscal policy on economic growth of developing countries. Policy makers in developing countries generally attempt to address socioeconomic issues such as poverty, unemployment, hunger, poor investment, and illiteracy while adjusting the levels of public spending and determining tax rates. This thesis examines the impact of fiscal policy on economic growth in four countries of South Asia. For reasons of data availability I choose four of these countries – Bangladesh, India, Pakistan, and Sri Lanka – for the period 1980 to 2016. I use the Error Correction Model (ECM) and Autoregressive Distributed …

Shocks Pass-Through To Prices In U.S. And Canada: Evidence From Oil And Exchange Rate Markets, Eiman Aiyash

Masters Theses

This paper investigates the degree of exchange rate and oil prices pass-through to import prices, producer prices, and consumer prices in Canada and United States over the period from 1980 to 2017 using a Structural Vector Auto-Regression (SVAR) model. The results indicate a robust evidence of a positive long-run correlation between exchange rate & oil prices and aggregate price levels. Impulse response function reveals a persistent and incomplete pass-through for both exchange rates and oil prices i.e. 0.20 and 0.04 for Canada and 0.27 and 0.25 for the U.S. That is, greater pass-through exist in an economy which has a …

Resources, Financial Sector Development, Governance And Growth In South Africa: A Time Series Analysis, Kehinde Abiodun

Masters Theses

We examine the impact of financial sector development - proxied by domestic credit and market capitalization - mineral rent, and quality of governance on economic growth in South Africa. The novelty of this thesis lies in the introduction of an interaction term between mineral rent and quality of governance, which is iterated along with the other afore-mentioned variables in a five-model estimation. Two other variables: trade and government expenditure are also added to the mix.

We developed five models to test the impacts of the different variables using the error correction model. In all five models, we find, consistently, a …

Women Autonomy In Household Decisionmaking In Nigeria: Analysis Of 2013 Demographic And Health Survey Data, Temiyemi Akinsuyi

Masters Theses

Wealth generated in a household unit is very instrumental to the economy at large through involvement in economic activities. A modest step to improving women's voices and participation in the society is to allow them a full range of choices. Consequences of limiting the rights of women is detrimental to households, communities and the economy at large. The specific objective of this study is to examine the association between women's autonomy and household decision making. I do this by analyzing the data from the 2013 Nigeria Demographic and Health Survey. The methodology employed in investigating this relationship is the Ordered …

The Impact Of Government Debt On Macroeconomic Indicators: Evidence From G7 And Asean Countries, Amani Ahmed Alzahrani

Masters Theses

Government debt continues to be a critical economic policy issue, which largely affects both developed and developing countries, due to elevated level of debt. From a general viewpoint, government debt is a crucial feature of a country's financial system and a major indicator that contributes to the formation of a country's reputation in the international market.

This paper investigates the impact of government debt on certain macroeconomic and wellbeing indicators in a group of industrialized and developing countries. That is, the study seeks to examine how government debt influences GDP per capita, domestic and foreign investment, and HDI in both …

Trade Openness, Government Spending, Institutions And Their Effects On Economic Growth In Selected Mena Countries, Saif Mohammad Alqahtani

Masters Theses

The objective of this study to examine how import, export, government spending, and institutions impact on economic growth. Of the four selected North African countries, (Egypt, Morocco, Algeria, and Tunisia), six periods of five years from 1985-2015, we used the panel data model. In this model, we used panel data which consist of random effect and fixed effect, based on Hausman test, we selected one of them. The GDP per capita growth was used as a dependent and import, export, government spending as independent main variables. Also, gross capital formation (GCF), inflation, population growth, and HDI which consist of life …

The S&P 500© Is Not A Leading Indicator For Us Gdp Over Policy-Relevant Time Frames, William D. Campbell Sr.

Masters Theses

Simply, we find S&P 500© returns are no longer a statistically meaningful leading indicator for growth in "real" per capita GDP. Technically, we find the SP500 fails to Granger cause real per capita GDP over policy relevant time frames while confirming nominal (non-inflation adjusted) SP500 quarterly returns continue to Granger cause one-period ahead quarterly growth in inflation adjusted (real) US Per-Capita GDP over very long (and perhaps less meaningful from fiscal and monetary perspectives) time frames. In addition, we identify a likely transition period when the SP500 switched from a leading indicator to a lagging indicator. Therefore, in keeping with …

Export-Oriented Entrepreneurship Intensity And Economic Growth In Developing And Developed Countries, Xueting Sun

Masters Theses

This paper analyzes the impact of export-oriented entrepreneurship intensity on national economic growth using data for 64 countries over the 2006-2013 period. We draw on entrepreneurship, entrepreneurship and economic growth, export-oriented entrepreneurship and economic growth, and export intensity of entrepreneurship and economic growth theories to affirm that export-oriented entrepreneurship and export-oriented entrepreneurship intensity is profound for the national economic growth of countries.

The findings suggest that greater total entrepreneurial activity (TEA) is associated with a higher rate of economic growth in developed countries but not in developing countries. Also, greater export-oriented entrepreneurial activity (EEA) is associated with a higher rate …