Social and Behavioral Sciences Commons^™

The Return To College Education, Bill Adamson, Ritu Hooda

Economics Commentator

No abstract provided.

The Coase Theorem And Arthur Cecil Pigou, Herbert J. Hovenkamp

All Faculty Scholarship

In "The Problem of Social Cost" Ronald Coase was highly critical of the work of Cambridge University Economics Professor Arthur Cecil Pigou, presenting him as a radical government interventionist. In later work Coase's critique of Pigou became even more strident. In fact, however, Pigou's Economics of Welfare created the basic model and many of the tools that Coase's later work employed. Much of what we today characterize as the "Coase Theorem," including the relevance of transaction costs, externalities, and bilateral monopoly, was either stated or anticipated in Pigou's work. Further, Coase's extreme faith in private bargaining led him to fail …

Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2008., Central Bank Of Nigeria

CBN Annual Report

The Central Bank of Nigeria (CBN)'s 2008 report evaluates macroeconomic policies and outcomes, focusing on corporate operations and the economy's performance against domestic and external economic and financial developments. The CBN's monetary policy stance and banking and financial measures were deployed to ensure price stability and financial sector soundness. Despite the global economic downturn, the financial system remained relatively stable and overall macroeconomic performance was satisfactory. The formal financial system at end-December 2008 comprised the CBN, the Nigeria Deposit Insurance Corporation, the Securities and Exchange Commission, the National Insurance Commission, the National Pension Commission, and various banks. The banking sector …

Consumer Adoption Of Bandwidth Intensive Applications And Its Impacts On Broadband Adoption, Peter Helekiah Oburu

Economics Dissertations

This dissertation investigates the capacity required by an internet application in tandem with the network connection type (dial-up or broadband). An internet user’s experience in accessing various types of applications with either high bandwidth or low bandwidth is examined in a consumer choice model of broadband adoption. A consumer implicitly values the time-saving benefits derived from a higher speed internet connection used to access a particular internet application, and compares those utility benefits to the higher price of high speed connection services in making the decision to shift to broadband or remain with a dial-up connection. We find that using …

Estimating The Firm’S Demand For Human Resource Management Practices, Benjamin Israel Miller

Economics Dissertations

This dissertation investigates two related aspects of firms’ choice of HRM practices. The first is why some firms expend a great deal of resources on HRM practices for each employee while others spend very little; the second is the extent to which firms’ bundles of HRM practices sort into general discrete employment systems. In order to empirically address these issues, this dissertation uses an economics-based theoretical approach. The key theoretical link to economics is to treat HRM as a separate factor input in the production process, which allows me to derive an HRM input demand function. This function expresses the …

Causality And Granger Causality; Dependency On The Ethanol Industry, Jing Li, Yonas G. Hamda

Economics Commentator

No abstract provided.

Políticas Y Medidas Para Fomentar Las Remesas Familiares En La República Dominicana: Impacto Económico Y Lecciones Para Cuba, Mario A. Gonzalez-Corzo, Scott Larson

Publications and Research

No abstract provided.

Elections And Economic Turbulence In Brazil: Candidates, Voters, And Investors, Tony Petros Spanakos, Lucio R. Renno

Department of Political Science and Law Faculty Scholarship and Creative Works

The relation between elections and the economy in Latin America might be understood by considering the agency of candidates and the issue of policy preference congruence between investors and voters. The preference congruence model proposed in this article highlights political risk in emerging markets. Certain risk features increase the role of candidate campaign rhetoric and investor preferences in elections. When politicians propose policies that can appease voters and investors, elections may have a limited effect on economic indicators, such as inflation. But when voter and investor priorities differ significantly, deterioration of economic indicators is more likely. Moreover, voter and investor …

Cooperative Extension: A Complex Organization, Nancy K. Franz, Lisa Townson

Nancy K. Franz

The authors provide an overview of the Cooperative Extension System and its program evaluation challenges. Part of the historic land-grant system, Extension exists in all states and territories of the United States and is funded through federal, state, and local (usually county) appropriations, as well as competitive grants and other sources. Complex funding, staffing, and accountability structures combined with widely varying programs and delivery methods make program development and evaluation challenging for Extension. Although each state’s Extension service operates autonomously, they all share a need to communicate program impacts and public value, which has become the main driver for program …

Benchmarking Regional Competitiveness: The Role Of A Region's Economic Legacy In Determining Competitiveness, Rebekka Dudensing

All Dissertations

Studies benchmarking or indexing regional competitiveness are increasingly common in the popular and professional press. Indices are popular because they condense a large amount of data into a single number or grade that facilitates the easy comparison of regional economies. However, researchers question both the benchmarking methodology and the appropriateness of applying one region's successful economic development practices to a dissimilar region. The goal of this study is to improve the benchmarking methodology by identifying possible variable weights for three competitiveness outcomes (growth in population, employment, and per capita income) and exploring whether policy inputs (innovation inputs, knowledge workers, labor …

Solstice Surge; The Polish-American Extention Project, John A. Sodney, Gerald W. Warmann

Economics Commentator

No abstract provided.

Assets And Needs Assessment Of Senior Residents In The West Bloomington Neighborhood, Case Bell, Melissa Busher, Amy Deal, Ted Fischer, Christine Holmes, Joseph Lauchlan, Shane Peterson, Janelle Jones, Eric Porter, Brad Pribe, Viktor Shrader

Community Project Design and Management Reports - Sociology

The experience and process of aging has become a prominent topic of discussion nationwide and Central Illinois is no exception, due to the rapid growth within the senior population in the area. The 60 and over population of Illinois is projected to grow by 87% during the next 30 years (The Maturing of Illinois). An initiative has been developed to evaluate how prepared local communities are for older adults by conducting needs assessments, which can also serve as vital tools for those who plan and provide human services in communities. Often community leaders will form policies and allocate limited resources …

Choosing Among Unequals: A Statistical Solution To A Stalemate, Durgesh Chandra Pathak

Durgesh Chandra Pathak

In Uttar Pradesh, a new tradition has been started of selecting B.Ed degree holders for a job in Primary Schools and it has been named "Vishisht BTC". Applying their own logic, the ruling governments use variuos criterion to select the candidates. The basic problem is that they have to choose candidates on the basis of merit of their marks in various exams. Now, it is well-established fact that marking is not similar in all universities/colleges. So for a same exam, there can be much inter-university as well as intra-university variation in marks given to students. The point is that student …

The Economic Crisis Is Showing The Decline Of Western World-Wide Hegemony - Portuguese Translation -, Ugo Mattei

Ugo Mattei

O Ocidente está em recessão, o que significa estagnação e a interrupção do crescimento. Por si só, poderia se tratar de uma simples interrupção cíclica, e boa parte dos meios de comunicação “oficiais” procuram veicular essa idéia. Um, dois anos de “vacas magras”, um novo “Bretton Woods”, como se costuma dizer agora, e o modelo capitalista, fundado na democracia-liberal, voltará a ser o melhor sistema possível. Segundo outros observadores, poderemos, pelo contrário, nos encontrar frente a um colapso sistêmico, semelhante ao que sacudiu o modelo soviético. Ambas as perspectivas são compatíveis com o fato de que a liderança do Ocidente …

Risk Exposure And Management In Cross-Border Banking., Sheriffdeen A. Tella

Economic and Financial Review

The title of this paper connotes the fact that risk-based supervision and inflation targeting are mutually inclusive policies that have to be carried out simultaneously. This is not true. The two frameworks can be adopted at the same time but they do not need to go pari passu. To that extent the paper can be regarded as two-in-one. In this connection, the two frameworks are treated separately but within the context of a single paper. We looked at their challenges and prospects in monetary policy formulation and implementation in the Nigerian economy. The rest of this paper is divided into …

The Implementation Of Basie Ii: Issues, Challenges And Implications For Nigeria., O. K. Ibedu

Economic and Financial Review

The significant development of Basle II throughout the world has meant that financial institutions and insurance companies must manage and measure risk in new ways. This paper is intended to provide the participants at the Executive Seminar with a firm foundation of the state of Basle II Accord principles and provide the tools and techniques to grapple with its implementation. This paper is divided into eight parts. Following this introduction, Part 2 discusses the necessity for a capital accord, the emergence of Basle I and the Basle II Accord. Part 3 discusses in brief the concept of Risk Management and …

The Imperatives Of Developing Risk Management Framework For Individual Risk Elements In Nigerian Banks., Emmanuel M. Abolo

Economic and Financial Review

This paper states that for a bank to be successful over the long term, it has to effectively manage its opportunities, threats and uncertainties. The point of risk management is not to eliminate it. That would eliminate reward. The point is to manage it. That is, choose where to place bets and where to avoid betting altogether.

Special Remarks At The Seminar On: "Financial Sector Developments: Challenges For Risk Based Supervision And Effective Monetary Policy Implementation, C. N. Mordi O.

Economic and Financial Review

This is the Special remarks.at the opening ceremony of the 16th edition of the annual in-house Executive Policy Seminar organized by the Research Department, in collaboration with the Human Resources Department. As usual, the seminar is aimed at availing the Executives of the Bank the opportunity of brainstorming on contemporary economic issues in the economy and the globe at large. In this respect, the theme of this year's Seminar "Financial Sector Development: Challenges for Risk-Based Supervision and Effectiveness of Monetary Policy Implementation" could not have come at a more opportune time, given the current financial meltdown ravaging global markets. This …

The Concepts And Practice Of Risk-Based Supervision., J. A. Afolabi

Economic and Financial Review

This paper seeks to examine the concept and practice of Risk-Based Supervision (RBS). For ease of discussion, the paper has been segmented into five sections. After the introduction, sections 2 and 3 examine the Conceptual Issues in Risk-Based Supervision and Country Experiences. Section 4 looks at the framework of RBS in Nigeria while section 5 concludes the paper.

Implementation Of Basel Ii: Any Role For International Financial Institutions?, C. E. Nwandikom

Economic and Financial Review

This paper examines the three pillars of Basel II which provide a broad and coherent framework for linking regulatory capital to risk, for improving internal risk measurement and management and for enhancing supervisory and market discipline at large, complex and internationally-active banks.

How Relevant Is Risk-Based Supervision For Pension Funds: The Regulators Perspective., Musa A. Ibrahim

Economic and Financial Review

Over the past two decades, privately managed pension systems have expanded greatly to play a central role in the provision of retirement income worldwide. The design and operation of these systems vary extensively, but the basic reason for their adoption remains unique across the board: countries need to provide affordable and sustainable income for their retired citizens. Achieving this objective becomes a challenging task in the face of the uncertainties created by globalization and rapid integration of financial markets. The utilization of risk-based methods originates primarily in the supervision of banks. In recent years, it has increasingly been extended to …

Overview Of Financial Sector Developments In Nigeria., S. N. Ibeabuchi

Economic and Financial Review

The objective of this paper is to review the various developments (reforms) in the Nigerian financial sector since 1986, including the recent banking industry consolidation.

The Challenges Of Good Corporate Governance For Effective Risk-Based Banking Supervision., Chris C. Itsede

Economic and Financial Review

Corporate governance has changed tremendously over the past two decades. These changes have been driven by new laws, regulations, guidelines and rising investor and public expectations. In the past, many boards were under the thumb of their chief executive officers (CEOs); this is no longer the case. Today, boards generally strive to govern their companies by benchmarking a set of best practices which have emerged and codified in corporate governance laws, stock exchange listing rules and company annual reports. Many individual directors are willing to accept these additional responsibilities. In this paper, the importance and principles of Corporate Governance is …

Monetary Policy, Risk-Based Supervision And Financial Sector Developments: International Experience., Ayodele Odusola

Economic and Financial Review

This paper describes an efficient banking supervision as essential to a virile and stable financial system and also fostering the linkage between the financial sector and the aggregate economy as well as to reduce the likelihood and magnitude of a financial crisis. Recent development across the globe has shown that dynamic diagnostic instruments are required for identifying and managing risks, vulnerabilities and development priorities in the financial sector. The need to address the unfolding complexity of supervising the banking system in the context of a globalized world underscores the introduction of the joint IMF-World Bank Financial Sector Assessment Program (FSAP) …

Economic Effects Of Smoking Bans On Restaurants And Pubs, Barrie Craven, Michael L. Marlow

Economics

The United Kingdom has recently enacted smoking bans in public places such as restaurants and pubs. Public health advocates argue that bans are necessary because non-smokers need protection from second-hand smoke. Advocates also claim that bans do not exert harm on owners because of a vast empirical literature showing that restaurants and bars in the United States never suffer harm following bans. This paper examines whether these claims are true by developing a model within the Coasian framework whereby owners of businesses have incentives to deal with smoking disputes between smokers and non-smokers. Our model demonstrates that it is incorrect …

Asset Price Movement And Derivatives: Implications For Risk-Based Supervision And Effective Monetary Policy., Biodun Adedipe

Economic and Financial Review

The consideration of asset price movements and monetary policy has attracted a lot of attention in the last few decades, as asset prices moved upwards significantly and there arose the general perception that there are bubbles in those prices. The argument revolves around the role that monetary policy can play in this whether it can be used to prick the bubble before it is due for natural burst, or it can be designed and implemented in such manner as to prevent bubbles to grow in the first place.

Monetary Policy Implementation And Financial Sector Developments In Nigeria: The Journey So Far., M. A. Ajayi

Economic and Financial Review

The paper examined the implementation of monetary policy in recent years following the successes recorded in the banking sector reforms and noted the achievement of most of the objectives of monetary policy. In addition, in terms of financial sector development, Nigeria has achieved greater institutional and regulatory capacity as well as products varieties that have improved development in the financial sector. The quantitative assessment of the financial sector indicates a healthy state of the banking industry.

Wright State University Regional Economic Report, December 2008, Thomas L. Traynor

Economics Faculty Publications

No abstract provided.

Energy Efficiency In An Educational Setting, Soma Ghosh

Bridgewater Review

No abstract provided.

No. 22: South African Government And Civil Society Responses To Zimbabwean Migration, Tara Poizer

Southern African Migration Programme

This policy brief discusses a key paradox in relation to Zimbabwean migration into South Africa. While Zimbabwean migration since 2000 has been the largest concentrated flow in South African history, South Africa’s reaction to this movement has been characterised by the attempt to continue with ‘business as usual’ and ‘no crisis’ responses.1 Compared with most other developed and developing countries, where an inflow of tens or hundreds of thousands of people is usually treated as a political crisis, such a non-response to over a million immigrants requires explanation.

The lack of commensurate responses is especially noticeable within the various departments …