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Social and Behavioral Sciences Commons™

Open Access. Powered by Scholars. Published by Universities.®

2010

Kennesaw State University

Economics

Articles 1 - 13 of 13

Full-Text Articles in Social and Behavioral Sciences

Turkey: Another $1 Trillion Emerging Economy?, Murat Doral Nov 2010

Turkey: Another $1 Trillion Emerging Economy?, Murat Doral

Faculty and Research Publications

The strategic location of Turkey makes it a very important country in terms of geopolitics as well as economics. Turkey is located at the crossroads of Europe, Asia, the Caucasus, and the Middle East. It is where East meets West without clashing with each other but merging with each other. Even though, industry, trade, and finance are all dominated by the expansive and crowded Istanbul, other cities and towns in Anatolia –the Anatolian Tigers- are industrializing rapidly and now participating in the global economy. Today, Turkey has the largest economy in the greater Middle East. Depending of the source, Turkey …

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Reducing Healthcare Costs Requires Good Market Design, Peter Cramton, Brett E. Katzman Oct 2010

Reducing Healthcare Costs Requires Good Market Design, Peter Cramton, Brett E. Katzman

Faculty and Research Publications

Healthcare costs are no doubt too high, and Congress has been pushing for 13 years to harness market forces in Medicare procurement. But despite all this time, we are on the precipice of adopting a very poor market design, according to Peter Cramton of University of Maryland and Brett Katzman of Kennesaw State University.

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Testing Conflicting Political Economy Theories: Full-Fledged Versus Partial-Scope Regional Trade Agreements, Xuepeng Liu Jul 2010

Testing Conflicting Political Economy Theories: Full-Fledged Versus Partial-Scope Regional Trade Agreements, Xuepeng Liu

Faculty and Research Publications

We apply a duration analysis to test the conflicting predictions of the median voter model and the lobbying model using panel data on regional trade agreement (RTA) formation. Our results show that the pro-labor prediction of the median voter model is supported by the full-fledged free trade areas and customs unions (FTAs/CUs), while the pro-capital prediction of the lobbying model is supported by the partial-scope preferential trade arrangements among developing countries. This finding holds better for the country pairs with more different capital-labor ratios as a result of the stronger distributional effects of RTAs. The support for the median voter …

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Brain Drain, Waste Or Gain? What We Know About The Kenyan Case, Ruth Uwaifo Oyelere Jun 2010

Brain Drain, Waste Or Gain? What We Know About The Kenyan Case, Ruth Uwaifo Oyelere

Journal of Global Initiatives: Policy, Pedagogy, Perspective

Over the last three decades, Kenya and many other countries in Sub Saharan Africa (SSA) have experienced rapid emigration to the developed world. The general view is that emigration from developing countries especially Africa has led to brain drain and brain waste. However, recent research on emigration from Mexico provides evidence of significant gains from emigration. This recent finding highlights the importance of looking at individual countries' diasporas. In this review paper, I focus on trends in the Kenyan diaspora. More importantly, I summarize what we know from the literature and data on Kenya with respect to issues of brain …

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A Clashing Viewpoint Concerning India: A Critique Of Goldman Sachs 2007 Report, Ashok K. Roy, Aniruddha Bagchi Jun 2010

A Clashing Viewpoint Concerning India: A Critique Of Goldman Sachs 2007 Report, Ashok K. Roy, Aniruddha Bagchi

Journal of Global Initiatives: Policy, Pedagogy, Perspective

The centerpiece of the 2007 Report by Goldman Sachs is the prediction of India's phenomenal economic growth and power in the next few decades. In this article we critique the conceptual validity of that prognosis. In particular, we highlight several hard and soft infrastructure impediments to India's emergence as a major economic power.

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Globalization And The Unending Frontier: An Overview, Olutayo C. Adesina Jun 2010

Globalization And The Unending Frontier: An Overview, Olutayo C. Adesina

Journal of Global Initiatives: Policy, Pedagogy, Perspective

The decisive events and the determining forces unleashed by globalization hold on the one hand, the potential for expanding the scope of political, social and economic processes, and on the other, erode people's connection to the way they live, the people they live with and the places they live in. They also intensify alienation and disengagement. The essays, themes, arguments and macro-level analysis in this volume try to make sense of the dynamics of globalization. They survey the potentials of the phenomenon and forces of globalization, and the capacity of these highly disruptive and contentious change processes to direct, affect …

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From The Alliance Of Economies To The Alliance Of Civilizations: Turkey's Strategic Role And Importance, Murat Doral Jun 2010

From The Alliance Of Economies To The Alliance Of Civilizations: Turkey's Strategic Role And Importance, Murat Doral

Journal of Global Initiatives: Policy, Pedagogy, Perspective

In "The Clash of Civilizations;' Huntington hypothesized that the principal conflicts of global politics will occur between groups of different civilizations, and concluded that the "clash of civilizations" will dominate global politics in the future. In addition, Huntington declared Turkey as one of the "torn countries" and tried to make connections between its Muslim identity and its delayed ED membership. The growing trade and investments volume tell us that regardless of our differences, people around the world understand the benefits of economic cooperation and would prefer this route to starting a war of civilizations.

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Africa's Debt Crisis: Perspectives On Nigeria's Escape From External Debt Trap, Solomon O. Akinboye Jun 2010

Africa's Debt Crisis: Perspectives On Nigeria's Escape From External Debt Trap, Solomon O. Akinboye

Journal of Global Initiatives: Policy, Pedagogy, Perspective

In sharp contrast with the image of an "oil-rich" country, Nigeria is paradoxically a heavily indebted poor country. While the country's oil production reached 2.5 million barrels per day in 2004, its total external debt stock at the end of 2004 was estimated at $35.9 billion. The debt crisis has been aggravated by the burden of debt servicing, which has absorbed the nation's budgetary and foreign exchange resources with deleterious impact on the critical sectors of the economy. The paper critically examines Nigeria's external debt profile and efforts toward its alleviation. It argues that the debt burden constitutes a major …

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Africa's Contemporary Global Migrations: Patterns, Perils, And Possibilities, Paul Tiyambe Zeleza Jun 2010

Africa's Contemporary Global Migrations: Patterns, Perils, And Possibilities, Paul Tiyambe Zeleza

Journal of Global Initiatives: Policy, Pedagogy, Perspective

The literature on international migration is dominated by economic and political perspectives. This paper begins with the culturalist readings to remind ourselves that there is more to international migration than the search for greener pastures or flight from political terror. It is about the movement of human beings, a story that is as old as humanity itself, going back to the great migrations within and out of Africa to populate the planet. But those who advance the culturalist perspectives also need to be reminded that in our contemporary world more often than not people migrate to sell their labor power …

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Does Ap Economics Improve Student Achievement?, Benjamin Scafidi, John Swinton, Chris Clark Apr 2010

Does Ap Economics Improve Student Achievement?, Benjamin Scafidi, John Swinton, Chris Clark

Faculty and Research Publications

We employ a cautious empirical approach to estimate the effect of taking Advanced Placement (AP) Economics in high school on student performance on a high-stakes, statewide End-of-Course Test (EOCT). Using data on all Georgia students who took economics from 2006 to 2008, we use propensity score matching to control for the selection of students into AP Economics. Our most conservative estimate makes an adjustment for teacher effects and suggests that students who take high school economics in an AP class score 0.283 standard deviations higher on the economics EOCT than “matched” students who are in high schools that do not …

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The Location Decisions Of Foreign Investors In China: Untangling The Effect Of Wages Using A Control Function Approach, Xuepeng Liu, Mary E. Lovely, Jan Ondrich Feb 2010

The Location Decisions Of Foreign Investors In China: Untangling The Effect Of Wages Using A Control Function Approach, Xuepeng Liu, Mary E. Lovely, Jan Ondrich

Faculty and Research Publications

There is almost no support for the proposition that capital is attracted to low wages from firm-level studies. We examine the location choices of 2,884 firms investing in China between 1993 and 1996 to offer two main contributions. First, we find that the location of labor-intensive activities is highly elastic to provincial wage differences. Generally, investors' wage sensitivity declines as the skill intensity of the industry increases. Second, we find that unobserved location-specific attributes exert a downward bias on estimated wage sensitivity. Using a control function approach, we estimate a downward bias of 50% to 90% in wage coefficients estimated …

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Licensing And Patent Protection, Aniruddha Bagchi, Arijit Mukherjee Jan 2010

Licensing And Patent Protection, Aniruddha Bagchi, Arijit Mukherjee

Faculty and Research Publications

We show the impact of technology licensing on optimal patent policy. Strong patent protection that eliminates imitation may not be the equilibrium outcome in the presence of licensing. Depending on the cost of innovation, licensing may either increase or reduce the strength of the patent protection.

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The Rise Of 144a Market For Convertible Debt, Ronging Huang, Gabriel G. Ramirez Jan 2010

The Rise Of 144a Market For Convertible Debt, Ronging Huang, Gabriel G. Ramirez

Faculty and Research Publications

We document and study the migration of convertible debt offerings from the public to the 144A market during 1991-2004. Over 88% of the 144A convertible debt issues are subsequently registered. An analysis of financing costs (gross spreads, yields, and stock price announcements) and issue characteristics indicates that convertible debt issues in these two markets are essentially the same. We find evidence that the 144A market allows firms to better time equity market conditions. Our findings are consistent with the hypothesis that the 144A market is attractive because it allows firms to issue convertible debt more quickly.

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