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Full-Text Articles in Social and Behavioral Sciences

A Proposal To Make Grain Storage Financially Feasible, David L. Garrett Aug 2011

A Proposal To Make Grain Storage Financially Feasible, David L. Garrett

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The United States has a National Oil Reserve but not a food reserve. Just as the oil reserve is designed to buffer unforeseen disruptions in the critical supply, the nation should also have a food reserve for the same purpose.

The United States and other developed nations have little or no food reserve beyond the typical demands between growing seasons. Marvelous production achievements in agriculture beginning in the early 1960s and known as the “Green Revolution” are now leveling off. Food production, suffering from such negative side effects as reduced water tables, is being outstripped by population growth (Bourne, 2009).


Why China Grew: Understanding The Financial Structure Of Late Development, Adam S. Hersh Feb 2011

Why China Grew: Understanding The Financial Structure Of Late Development, Adam S. Hersh

Open Access Dissertations

This dissertation explores how economic institutions governing finance and investment have con- tributed to growth in reform-era China. Economic and political reforms greatly transformed China's prior centrally-planned economy. Although reforms incorporated elements of market institutions and private enterprise, China's state institutions exercising extensive authority over a wide range of eco- nomic affairs critically and fundamentally played a central role in transforming this economy from one of the world's poorest to the world's second largest in the span of one generation. I explain the emergence of a unique configuration of institutions supportive of industrial policy implemented by largely autonomous local government …


Heterogeneous Gain Forecasting Using Historic Asset Information, Nicolas Sippl-Swezey Jan 2011

Heterogeneous Gain Forecasting Using Historic Asset Information, Nicolas Sippl-Swezey

Honors Papers

Using historic return inputs in a stylized computational financial market, this paper explores how participant outcomes are affected by the degree to which their asset allocation behavior responds to new market information. Findings support the efficient market hypothesis in that no alternate trading rule shows consistent improved outcomes relative to a full market exposure buy-and-hold strategy over the given time period. The only exception occurs briefly at the bottom of the 2008 financial crisis. Market participants that drastically alter market exposure in response to volatile returns, however, do outperform those who alter their exposure less drastically. Furthermore, the trading rules …