Economics Commons^™

On The Effectiveness Of Housing Purchase Restriction Policy In China: A Difference In Difference Approach, Jerry X. Cao, Bihong Huang, Rose Neng Lai

Research Collection Lee Kong Chian School Of Business

The Chinese government imposed the purchase restriction policy to rein in the housing bubble in 2010. Using a two-stage difference-in-difference approach and a comprehensive dataset covering the real estate markets across 70 cities, we find that the policy triggered substantial decline in the property price and transaction volume. Cities having higher reliance on real estate sector for fiscal revenue and economic growth experienced greater decline in housing prices following the policy implementation. However, the policy had no measurable effects on the nationwide construction boom, hinting the ineffectiveness of the policy to correct the housing bubble.

Good Governance Is Good Politics, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

Pakistan has been facing a unique and difficult dilemma for quite some time. Government leaders of the day are unhappy that they are unable to deliver upon the commitments they had made to the electorate at the time of the elections. The political leaders complain that the policy formulation is weak, Policy-Performance Gap is widening every day, and implementation of decisions almost non-existent. The bureaucrats are unhappy that they are not allowed to do their job because of interference by the politicians. The citizens and society are highly disenchanted and dissatisfied as they are unable to access basic services the …

How To Reform The Civil Services In Pakistan?, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

All Pakistan Services should consist of the National Executive Service, the Pakistan Administrative Service and Police Service of Pakistan. The Federal Services will comprise the Pakistan Foreign Service, Pakistan Audit and Accounts Service Pakistan Taxation Service and Pakistan Technical Services with sub cadres. Direct recruitment to other existing services through the Central Superior Services examination will be discontinued in a phased manner. The Provincial Services will include the Provincial Executive Service, Provincial Management Service, Provincial Technical Services and Provincial Judicial Service. All direct recruitment to positions in Grade 17 and above will be merit based with due representation to the …

Deliverable Democratic Governance, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

I wish to thank Kazim Saeed for providing me this opportunity to pay tributes to Mumtaz Saeed and to share my thoughts about the book he has so ably authored. I knew Mumtaz Saeed in several different capacities. First, he was my consultant for the Change management of State Bank of Pakistan and his assistance was of immense help to me in the transformation of the Bank. Second, when I took over as the Dean & Director of IBA Karachi I drafted a consultative strategy document which I circulated for comments and the views of the stakeholders including IBA’s alumni. …

Getting The Most Out Of Your 401(K), Emily G. Brown Jd, Jeanne Medeiros Jd

Pension Action Center Publications

Planning for your retirement is an active and ongoing endeavor. It requires a certain amount of diligence and knowledge to ensure you have an adequate amount of financial stability at retirement. In order to safeguard your economic security, it is important to know if you are getting the most out of your 401(k) retirement savings account. This factsheet provides basic information about enrolling in a 401(k) retirement savings account and important items to keep in mind once you are enrolled.

Does Defensive Medicine Reduce Health Care Spending?, Scott Barkowski

Publications

The medical community often argues that physician fear of legal liability increases health care spending. Theoretically, though, the effect could be positive or negative, and empirical evidence has supported both cases. Previous empirical work, however, has ignored the fact that physicians face risk from industry oversight groups like state-level medical licensing boards in addition to civil litigation risk. This paper addresses this omission by incorporating previously unused data on punishments by oversight groups against physicians, known as adverse actions, along with malpractice payments data to study state-level health care spending. My analysis suggests that health care spending does not rise …

Essays On The Impacts Of Quantitative Easing On Financial Markets, Joanne Guo

Dissertations, Theses, and Capstone Projects

Due to the severity of the financial crisis of 2008, the Federal Reserve had attempted a variety of unconventional monetary policy to support the U.S. financial markets at the verge of collapse. The most well-known of the Fed's unconventional monetary policy is quantitative easing, in which it purchased a large amount of government securities from the markets in order to lower longer term interest rates and mortgage rates. The several rounds of quantitative easing had different impacts, intended as well as unintended, on U.S. financial markets and foreign markets. The purpose of this paper is to fully explore the effects, …

Income Smoothing Due To Unemployment Concerns, Jeffrey Ng, Tharindra Ranasinghe, Guifeng Shi, I-Hwa Yang

Research Collection School Of Accountancy

Economic theory predicts that top executives and lower-level employees have incentives to smooth income due to compensating wage differential costs and fear of job loss, respectively. Following Agrawal and Matsa (JFE, 2013) who rely on exogenous variations in unemployment insurance benefits to examine how unemployment concerns affect corporate leverage, we examine the link between such benefits and income smoothing. We find that when unemployment insurance benefits are higher and concerns about unemployment are hence lower, there is less income smoothing. This relation is stronger when employees face higher unemployment risk and weaker when the firms’ information and internal control environments …

I'M Retiring ... Well, Sort Of, Kevin F. Hallock

Economics Faculty Publications

I’m 45 years old and I’m retiring ... from writing regular columns for workspan. And that has me thinking about retirement and incentives as part of a total rewards system.

It-Enabled Coordination In Electronic Markets: An Experimental Investigation Of The Effects Of Social Communication On Group Buyers, Alexander Pelaez

Dissertations, Theses, and Capstone Projects

Coordination, and the mechanisms by which coordination occurs, represents a significant area of study for economic research, and information technology. Technology enhances communication in both speed and quantity of information and when aligned with appropriate tasks can improve decision-making and task performance. Examining the effect of technology based coordination mechanisms on market platforms provides insight into outcomes as represented by buyer surplus and task completion as well as behaviors, such as network structure and emotional attitudes in economic experiments. Drawing on theory from economics and information systems, larger buyer groups should be able to obtain better prices and extract higher …

Aerospace Renaissance – Ripe For Research To Impact The Industry, Constantine M. Koursaris, Brig. Gen. Robert E. Mansfield Jr. (Ret.)

Aviation / Aeronautics / Aerospace International Research Conference

The Center for Aviation and Aerospace Leadership (CAAL) was founded in 2008 to capture, create, and share relevant information on leadership in the aviation and aerospace industry.

The AIR is developed and published in collaboration with the Aerospace Industries Association and includes:

• Information on the status of aerospace manufacturing in the United States and state of the economy

• An in-depth review of sales across the various sectors of the industry, employment trends, key international trade statistics, financial information on the industry & major aerospace firms, trends to watch, and a forecast for the future based on a review …

Tracking The Dollars: How Economic Impact Studies Can Actually Benefit Managerial Decision Making, Daniel A. Rascher, Michael M. Goldman

Sport Management

Almost every month brings another attention-grabbing headline about a city or country considering a bid for a major sporting or entertainment event. Politicians, business executives, and excited fans weigh in about the possible costs and benefits, with limited numbers provided about the possible economic impact, and even less said about how these numbers were calculated. Most recently, LeBron James’ return to Cleveland was estimated by Bloomberg to boost the city’s economy by $215 million annually, while Cuyahoga County’s projections were more than double this number. A concert of Jay-Z and Beyonce in Baltimore in 2013 was estimated by the local …

Long Term Adr Performance: How Do Regional Issues Listed On The Nyse Compare To Us And Regional Index Returns?, Mark Schaub, Todd A. Brown

Faculty Publications

This study examines the long-term performance of Asia Pacific, European, and Latin American ADRs versus the S&P500 and their respective regional indexes from 1990-2010. The sample was dividend by stable markets (1990s) and volatile markets (2000s). We find that, when analyzed in total, regional indexes perform similarly to the S&P500. However, the Asia Pacific and Latin America regions do offer diversification benefits individually. Furthermore, the ADRs from each region underperform in stable markets (1990s) and outperform in volatile markets (2000s) leading to great diversification benefits.

Financial Anxiety, Physiological Arousal, And Planning Intention, John Grable, Wookjae Heo, Abed Rabbani

Consumer Sciences Faculty Publications

Results from this exploratory clinical study indicate that financial anxiety—holding an unhealthy attitude about one’s financial situation—and physiological arousal—the physical precursor to behavior—play important roles in shaping consumer intention to engage in future financial planning activity. Findings suggest that those who are most likely to engage the services of a financial adviser exhibit low levels of financial anxiety and moderate to high levels of physiological arousal. The least likely to seek the help of a financial adviser are those who exhibit high financial anxiety and low physiological arousal. Results support findings documented in the literature that high anxiety levels often …

2015 Oklahoma Research Day Full Program, Northeastern State University

Oklahoma Research Day Abstracts

This document contains all abstracts from the 2015 Oklahoma Research Day held at Northeastern State University.

The Pittsburg Micropolitan Area Economic Report, Quarter 1, 2015, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Report is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Pittsburg Micropolitan Area Economic Report, Quarter 2, 2015, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Report is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Pittsburg Micropolitan Area Economic Report, Quarter 4, 2015, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Report is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Pittsburg Micropolitan Area Economic Report, Quarter 3, 2015, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Report is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Pittsburg Micropolitan Area Economic Profile, 2015, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Profile is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

Examining The Impact Of Casinos On Economic Development: A Spatial Analysis Of The Counties In The Mid-Atlantic Region, Andrew J. Economopoulos

Business and Economics Faculty Publications

Few have formally evaluated the economic impact of casinos, and yet most agree that it is crucial in estimating the net benefit to society. A new casino investment should stimulate economic activity in the immediate region, but its operations could potentially reduce employment and incomes within the industry. Grinols outlines the factors that could lead to positive or negative growth from the investment, but what is critical to the empirical validation of the investment is the definition of region. Since data is geographically limited to political boundaries, it is necessary to employ a spatial methodology that captures the impact beyond …

Optimism In Nonmetropolitan Nebraska: Perceptions Of Well-Being, 2015 Nebraska Rural Poll Results, Rebecca J. Vogt, Cheryl A. Burkhart-Kriesel, Randolph L. Cantrell, Bradley Lubben, L. J. Mcelravy

Nebraska Rural Poll

This year, rural Nebraskans are the most positive about their current situation as they’ve been in all 20 years of this study. Just over one-half (53%) of rural Nebraskans believe they are better off than they were five years ago (the highest proportion in all 20 years of this study, tied in 2008). This is up slightly from 50 percent last year. And, rural Nebraskans’ outlook on their future is the most optimistic in all 20 years of this study. Almost one-half of rural Nebraskans (48%) believe they will be better off ten years from now (the highest of all …

Operations And Profitability Of Snail Dredging In Laguna, Rizal And Pasig City, Eden Piadozo, Mj Malabayabas, Dominic Hamada, Roberto F. Ranola Jr.

Journal of Economics, Management and Agricultural Development

The objective of this study is to provide a better understanding of the snail dredging industry and its current situation. Specifically, it describes the snail dredging activities done in selected areas in Laguna Lake, determines the profitability of snail dredging, and identifies the market destinations of the snails dredged. Snail dredging has been banned because of its adverse effects on the lake environment. However, the study finds that snail dredgers continue to operate all year round. On a daily basis, dredging operations range from 4 to 10 hours. Snails dredged from Laguna Lake are brought to the provinces of Pampanga …

Decoy Effect And Student Preference With Regard To Usb Flash Drives, Jeff Arapoc

Journal of Economics, Management and Agricultural Development

Standard economic theory assumes that individuals make decisions that are consistent across different choice situations. Behavioral economics challenges the standard economic theory account of individual behavior. This budding field suggests that consumer preference for one option over another changes as a result of adding another option. This study aims to determine the effect of a decoy option on consumer preference for USB flash drives. A quasi-experiment was conducted among 100 UPLB students wherein each respondent was initially asked to choose between two kinds of flash drive. The researcher then adds a decoy option to test if the respondent will change …

Farmers’ Willingness To Pay For An Alternative Irrigation Policy To Reduce Greenhouse Gas Emissions From Rice Farming In The Upper Pampanga River Integrated Irrigation System, Fezoil Luz C. Decena, Impa Buayon

Journal of Economics, Management and Agricultural Development

The practice of continuous flooding of rice fields in the national irrigation systems has attendant issues, including the inefficient use of water, unequal distribution of water along the irrigation canals, and greenhouse gas emissions. An ex-ante analysis was conducted to evaluate alternative policy options in the Upper Pampanga River Integrated Irrigation Systems, using both market and non-market approaches. The market approach estimated the greenhouse gas avoided and water savings due to the shift in policy. The non-market approach used choice experiment to estimate willingness to pay of farmers to shift the current to an alternative policy. The study concludes that …

Price Cointegration And Leadership In Regional Tilapia And Roundscad Markets In The Philippines,1990-2007, Yolanda T. Garcia

Journal of Economics, Management and Agricultural Development

This study aims to investigate the price dynamics between the wholesale and retail prices of roundscad and tilapia in the regional markets of the Philippines. It also seeks to analyze how the observed dynamics in these prices could be linked to the development in market-related infrastructures that can promote trade, e.g., telecommunication and transportation facilities. Results of the study reveal that there is a general decrease in the number of regions that show cointegrated wholesale and retail prices over time in both fish species. Moreover, price leadership under the “Granger-causality” sense (of either wholesale or retail price) seems to diminish …

Building Disaster Resilience To Address Household Food Security: The Case Of Sta. Rosa-Silang Subwatershed, Roberto F. Ranola Jr., Mi Cuesta, Bam Zaraf

Journal of Economics, Management and Agricultural Development

The Laguna Lake Region is one of the places in the Philippines that are most vulnerable to natural disasters because of their location and ecological condition. Among the natural calamities that regularly hit the country, one of the most frequent and disastrous is flooding. The most affected are the poor who are faced with the double risk of being food insecure and living in conditions that are very vulnerable to natural hazards. The most negative and long-term effect of flooding is reduction in food security because flooding erodes the asset base of households that in turn results in the adoption …

Socio-Economic And Environmental Assessment Of A Microcontroller-Based Coffee Roasting Machine: Implications For Market Potential And Technology Commercialization, Ruel M. Mojica, Marilyn M. Elauria

Journal of Economics, Management and Agricultural Development

The study assesses the socio-economic and environmental performance leading to the commercialization of the micro-controller-based coffee roasting machine for smallscale roasting operations. Key informant interview and coffee farmers’ survey were conducted to assess the farmer- respondents’ perceptions of coffee roasting machines and availability of resources. Results show that the designed coffee roaster almost fits the farmers’ criteria in selecting coffee roasting machine. Coffee farmers perceived the machine to be a very good technology as evidenced by its highly acceptable rating. Investment analysis reveals that using the roaster for custom work would be a profitable business with an IRR of 76% …

Ua1b1/9 Free Enterprise Fair, Wku Archives

WKU Archives Collection Inventories

These records were created by and about the Free Enterprise Fair sponsored by WKU and southern Kentucky businesses.

Effects Of Extension Services On The Technical Efficiency Of Rice Farmers In Albay, 2014-2015, Bm Bathan

Journal of Economics, Management and Agricultural Development

Through the Farmers Information and Technology Services (FITS) program, extension services in the form of trainings and seminars, and education and communication materials were provided to rice farmers in Albay. Using farm-level input-output data covering the wet season of 2014 and the socio-economic and farm-specific characteristics of randomly sampled 30 farmer beneficiaries and 30 non-beneficiaries, a stochastic production function and technical inefficiency model were estimated. Results of the study reveal that beneficiaries have higher input utilization, yield and technical efficiency than non-beneficiaries. Furthermore, the amount of seed and fertilizer significantly and positively affects the yield of rice. In addition, the …