Economics Commons^™

The Effects Of Bureaucratic Corruption On The Financial Constraints Of Nigerian Small Businesses, Obinna Franklin Ezeibekwe

Graduate Research Theses & Dissertations

In this paper, I conduct the first empirical analysis to examine the impact of bureaucratic corruption on small business financial constraints in Nigeria. This study is also the first to compare the average treatment effect (ATE) with the local average treatment effect (LATE) framework to account for potential variations in treatment effects for small Nigerian firms with less than 100 employees. Using the bivariate probit method and two binary instruments, I find that corruption significantly increases the likelihood of financial constraints for a typical micro, small, and medium enterprise (MSME) by approximately 64 to 68 percentage points. When I use …

Univariate Extreme Value Analysis Of Quantitative Investment Management, George Agbenyega Zumanu

Graduate Research Theses & Dissertations

The evolution of product development within the variable annuity (VA) business have sparked interest in quantitative investment management, particularly as most VA issuers have integrated volatility-controlled funds into their annuity portfolios. Despite the existence of empirical research on statistical analysis of extreme values in conventional investments, there has been a notable gap in research focus towards risk modeling in volatility-controlled funds.

This study contributes by analyzing and modeling the extreme values of investments in volatility-controlled funds, comparing them to conventional equity funds. The financial returns of S&P Dow Jones Indices (SPDJI) indices - SPXTR, risk control SPXT18UT, and managed risk …

A Tale Of Two Working Landscapes, Sage C. Sutcliffe

Graduate Student Theses, Dissertations, & Professional Papers

No abstract provided.

The Geometry Of Dynamic Time-Dependent Best-Worst Choice Pairs, Sasanka Adikari, Norou Diawara, Haim Bar

Mathematics & Statistics Faculty Publications

There has been increasing interest in best–worst discrete choice experiments (BWDCEs) in health economics, transportation research, and other fields over the last few years. BWDCEs have distinct advantages compared to other measurement approaches in discrete choice experiments (DCEs). A systematic study of best–worst (BW) choice pairs can be traced back to the 1990s. Recently, new ideas have been introduced to the subject. Calculating utility helps measure the attractiveness of BW choices. The goal of this paper is twofold. First, we extend the idea of the BW choice pair to include dynamic, time-dependent transition probability and capture utility at each time …

Three Essays On Energy Related To State Policies And Low Carbon Transitions, Pinky Thomas

Graduate Theses, Dissertations, and Problem Reports (ETD)

This dissertation consists of three essays on energy-related state policies and energy transition. Each paragraph below refers to the three abstracts for the three chapters in this dissertation, respectively.

The first essay is entitled: “Impacts of State Tax and Resource Ownership Policies on Extraction: Evidence from U.S. Natural Gas Production”. The innovation of combined use of horizontal drilling and hydraulic fracturing technologies during the 2000s has allowed natural gas producers in the United States to extract natural gas and liquids from deep shale formations in a cost-efficient manner. This essay evaluates whether unconventional gas production responds to tax changes, and …

Measuring The Performance Of Sdgs In Provincial Level Using Regional Sustainable Development Index, Nurafiza Thamrin, Ika Yuni Wulansari, Puguh Bodro Irawan

Journal of Environmental Science and Sustainable Development

Measuring the national and sub-national progress in achieving such globally adopted development agendas as Sustainable Development Goals (SDGs) is particularly challenging due to data availability and compatibility of indicators to measure SDGs, especially in Indonesia. This paper attempts to measure the performance of sustainable development at the regional level in Indonesia by newly constructing a multidimensional composite index called the Regional Sustainable Development Index (RSDI). RSDI comprises four dimensions, covering comprehensive economic, social, environmental, and governance indicators. By applying factor analysis, the paper assesses the uncertainty of RSDI and the sensitivity of its composing indicators, then further investigates the relationship …

Reducing Food Scarcity: The Benefits Of Urban Farming, S.A. Claudell, Emilio Mejia

Journal of Nonprofit Innovation

Urban farming can enhance the lives of communities and help reduce food scarcity. This paper presents a conceptual prototype of an efficient urban farming community that can be scaled for a single apartment building or an entire community across all global geoeconomics regions, including densely populated cities and rural, developing towns and communities. When deployed in coordination with smart crop choices, local farm support, and efficient transportation then the result isn’t just sustainability, but also increasing fresh produce accessibility, optimizing nutritional value, eliminating the use of ‘forever chemicals’, reducing transportation costs, and fostering global environmental benefits.

Imagine Doris, who is …

Is The Declining Birthrate Really An Issue For The Economy?, Harsh Ramesh Pednekar, Theodore Lee, Darrion Chin

Introduction to Research Methods RSCH 202

This study aims to explore the complex implications of declining birth rates on the economy, focusing on GDP per capita as a crucial metric, and aims to uncover both potential opportunities and challenges stemming from this demographic transformation using regression analysis. Using a quantitative methodology and secondary data from OECD.stat, World Population Review, and World Bank, the study explores the relationship between declining birth rates and economic impacts. GDP per capita serves as an essential dependent variable, and it accounts for control variables such as labour force participation, literacy, and education levels, child dependence ratio, and physical capital. Past studies …

Bitcoin And South African Stock Market Returns During Covid-19 Pandemic: A Test Of The Safe-Haven Hypothesis, Akaninyene U. Udom, Sopuru W. Nnamani

CBN Journal of Applied Statistics (JAS)

This paper tests the safe-haven property of Bitcoin for South African stocks using Full and Diagonal BEKK-GARCH models. The study uses the Johannesburg stock exchange Top40 index, and bitcoin returns data before COVID-19 (August 2018 to December 2019) and during COVID-19 (January 2020 to June 2021). The results show that bitcoin cannot be considered as safe-haven for stocks in South Africa since it is weakly correlated with stock and had a high volatility during the Pandemic. Therefore, the safe-haven hypothesis of bitcoin on South African stocks is not true for the period under study. The policy implication is that bitcoin …

Generalized Ratio-Product Cum Regression Variance Estimator In Two-Phase Sampling, Isah Muhammad

CBN Journal of Applied Statistics (JAS)

This study develops a flexible and efficient generalized ratio-product cum regression type estimator of population variance utilizing auxiliary variable in two-phase sampling that incorporates the properties of ratio-type and product-type estimators. The properties of the estimator were derived using first order approximation. The theoretical conditions under which the precision and the flexibility of the estimator is better than some classical estimators are also provided. Empirical evidence from five real datasets suggests that the proposed estimator outperforms the classical variance, ratio variance, product, and exponential ratio type estimators in terms of precision and efficiency. The estimator can be utilized to provide …

Modelling The Naira Exchange Rate Dependence Using Static And Time-Varying Copula, Kabir Katata

CBN Journal of Applied Statistics (JAS)

This paper examines the dependence structure of different currencies versus the Nigerian Naira using constant and time-varying copula. Daily Naira/USD, Naira/Yuan, Naira/Pound, and Naira/Euro exchange rates from 23 December 2011 to 12 May 2020 were utilised. We fitted eight constant and time-varying copula families using the exchange rate standardised residuals. The study finds that the Naira exchange rate may be estimated with student t-copula, Symmetrized Joe-Clayton (SJC), or Rotated Gumbel copula models and Autoregressive (AR)– Glosten Jagannathan RunkleGeneralized Autoregressive Conditional Heteroscedastic (GJR-GARCH) (1,1) models with skewed t residuals for margins. The Naira exchange rate returns is timevarying, tail-dependent, and asymmetric. …

External Debt Pass-Through To Inflation In Nigeria, Emmanuel A. Asue, James V. Ikyaator

CBN Journal of Applied Statistics (JAS)

This study examines external debt pass-through to inflation in Nigeria using annual data from 1981 to 2020 based on structural vector autoregressive (SVAR) model. The results reveal that an increase in external debt service leads to a significant depreciation of the exchange rate, which leads to a contemporaneous increase in inflation, while the direct response of inflation to external debt is statistically not significant. The impulse response confirms these results. The forecast error variance decomposition depicts that future values of official exchange rate depend on external debt, inflation and external debt service. The study recommends that the Nigerian government should …

Financial Inclusion And Poverty Reduction In Nigeria: The Role Of Microfinance Institutions, Okwudili W. Ugwuoke, Oliver E. Ogbonna, Aye-Agele Freeman

CBN Journal of Applied Statistics (JAS)

This study investigates the role of microfinance institutions as a vehicle for driving financial inclusion and alleviating poverty in Nigeria using the EFinA 2018 household survey data. The probit model, propensity score matching, and average treatment effect methods are applied for the analyses. The study finds that financial inclusion driven by access to, and usage of products/services provided by microfinance institutions reduces poverty. The study recommends among others the need for increased access to microfinance products/services and an integrated poverty reduction policies that identifies microfinance institutions as a critical enabler

Bitcoin's Technical Foundation And Its Potential For A Decentralized And Environmentally Friendly Future, Iqtiar Md Siddique

Open Access Theses & Dissertations

This research examines a systematic analysis of Bitcoin, employing a Coefficient of Variation (CV) approach to gauge its degree of decentralization. Bitcoin, an innovative decentralized digital currency, has received much attention for its potential to revolutionize traditional financial systems. This study employs the Coefficient of Variation (CV) to acquire insights into the wealth distribution and concentration among Bitcoin users. This research demonstrates how decentralized the network of Bitcoin is. The methodology uses real data on Bitcoin addresses and their holdings to compute the Coefficient of Variation (CV). This approach provides valuable insights into the ongoing discourse surrounding Bitcoin's decentralization, offering …

The Analysis And Impact Of Artificial Intelligence On Job Loss, Ava Baratz

Cybersecurity Undergraduate Research Showcase

This paper illustrates the analysis and impact of Artificial Intelligence (AI) on job loss across various industries. This paper will discuss an overview of AI technology, a brief history of AI in industry, the positive impacts of AI, the negative impacts of AI on employment, AI considerations that contribute to job loss, the future outlook of AI, and employment loss mitigation strategies Various professional source articles and reputable blog posts will be used to finalize research on this topic.

Costs Of Wind Erosion In The Northern Agricultural Region, Anne Bennett

Natural resources published reports

Summary

• To date, the Department of Primary Industries and Regional Development’s (DPIRD) estimated opportunity cost of wind erosion for Western Australia’s (WA) agricultural region has only included the costs of forgone production income and therefore underestimates the broader costs of wind erosion events.
• This underestimation of costs was the impetus to create a case study to give an indication of the magnitude of the costs of wind erosion from agricultural land.
• Farmers in the Northern Agricultural Region (NAR) were contacted to seek information about the on-farm costs of wind erosion events that occurred in 2020. Seventeen farmers responded to the …

Mathematical Modeling Of The Impact Of Lobbying On Climate Policy, Andrew Jacoby, Claire Hannah, James Hutchinson, Jasmine Narehood, Aditi Ghosh, Padmanabhan Seshaiyer

Annual Symposium on Biomathematics and Ecology Education and Research

No abstract provided.

Economic Equity And People With Disabilities: Development And Characterization Of A Novel Index, Bhavneet Walia, Katherine Mcdonald, Joy Hammel, Lex Frieden, Michael Morris, Barry Whaley, Vinh Nguyen

Faculty, Staff and Student Publications

Here we develop two new social indices: The ADA PARC Absolute Economic Opportunity Index and the ADA PARC Relative Economic Opportunity Index. These indices allow us novel examinations of economic equity between people with and without disabilities within a U.S. State and between people with disabilities in different states using aggregations of multiple component economic indicators. These represent the first efforts to offer U.S. indices of this focus, an important development given the distinct economic needs of people with disabilities and the value in accounting for distinct national policies. The indices rely on U.S. Census and other data on economic …

Digital Economy Enables Chinese Path To Modernization, Ying Liu, Chaochun Huang, Yongmiao Hong, Shouyang Wang

Bulletin of Chinese Academy of Sciences (Chinese Version)

Firstly, from the perspective of the internal consistency between the characteristics of Chinese path to modernization and the Internet spirit, this study reveals the importance of developing the digital economy for achieving Chinese path to modernization, and expounds the internal logic of digital economy enabling Chinese path to modernization. Then, it analyzes the challenges and problems faced by the construction of Chinese path to modernization from the aspects of the construction of basic scientific and technological capacity of digital economy, the coordination mechanism of data elements, the structural imbalance of digital development, governance system and security system. Finally, based on …

Broadband Equity, Access, And Deployment In Nevada, Brad Wimmer

Policy Briefs and Reports

The $45.45 billion Broadband, Equity, Access, and Deployment (BEAD) program’s primary objective is to extend broadband service to all unserved and underserved locations in the U.S. and its territories. Several industry studies predict that the BEAD program can meet its goal of providing universal access to broadband service if eligible entities execute their grant programs well. My review of the BEAD program indicates that policy makers can enhance the likelihood of program success by designing competitive grant programs that give applicants the incentive to undercut the subsidies proposed by their rivals and provide applicants the flexibility to design networks that …

“Without Water, Nothing”: Examining The Water Saving Practices Of Women In Amman Under Periodic Water Supply, Rory Dixon

Independent Study Project (ISP) Collection

Jordan is among the most water-scarce countries in the world. Consequently, water is only pumped to households once a week and households store water in tanks to last them until the next water day. Women conducting housework do so under conditions of environmental stress that this research calls resource-scarce domestic labor. In this study, I apply an eco-feminist lens to examine the water-saving practices women employ to manage and conserve domestic water supplies. I explore the larger causes of these behaviors including climate change, government management, and regional politics. Resource-scarce domestic labor is not a practice unique to Jordan and …

Carbon Credibility: Strategic Opportunities For Asean Regional Industrial Policy In Voluntary Carbon Markets, Bryan Jed Soh

Independent Study Project (ISP) Collection

Carbon offsets have come under increasing scrutiny due to uncertainties in real carbon abatement, transparency, and fears that it will exacerbate global inequality by allowing the global North to ‘pay to pollute’ through ethically questionable projects in the South. Following Article 2.1.C of the Paris Agreement, this paper argues that the global green transition requires private capital to be fully mobilized through voluntary carbon markets (VCMs). Given that ASEAN states face some of the world’s greatest climate risks while being a fast-growing region, this case study answers the question: how can states play a more proactive role in regulating VCMs …

Deconstructing The Software Factory: A Practical Application Of Interorganizational Network Analysis, Zachary O. Ryan, Mark Reith, Clay Koschnick

Faculty Publications

Over the past 5 years, the number of DoD software organizations that employ nontraditional organizational structures has increased. These organizations, commonly referred to as software factories, often employ the network-based organizational structures found within high-technology industries. This article details ways in which network analysis techniques can be used to create a big picture view of these nontraditional organizations. Drawing on methodologies employed by network researchers, the authors develop and present an interorganizational analysis process that highlights a program's social and economic structures. Following the case history approach, they demonstrate the applicability of this approach by analyzing an emergent DoD software …

Belt And Road Science & Technology Cooperation: Current Situation, Challenges And Development Directions, Hongyan He, Shuxian Wu, Jiayu Xin, Hui Zhao, Yanlei Wang, Dongxia Yan, Linglong Shan, Xin Wang, Yuliang Zhao

Bulletin of Chinese Academy of Sciences (Chinese Version)

Since the Belt and Road Initiative was put forward, China has actively engaged in innovation cooperation with coconstruction countries and regions, and has made gratifying achievements in basic scientific research, technology transfer and transformation, the cooperation network and platform base construction. At present, new changes and situations in the political and economic landscape worldwide have put forward higher requirements for the construction of the Belt and Road Initiative. Therefore, high-quality joint construction of Belt and Road needs to sum up the experience and identify areas of cooperation. In this context, the study summarizes the current situation and main challenges of …

Research On Science And Technology Cooperation Pattern Of The Belt And Road Initiative, Weidong Liu, Jing Li, Guohua Xiao, Zhouying Song, Jiansheng Qu, Yafeng Wang, Fahu Chen

Bulletin of Chinese Academy of Sciences (Chinese Version)

Science and technology cooperation has become an important driving force for the high-quality development of the Belt and Road Initiative (BRI). This study intends to explore how international science and technology cooperation can empower the highquality development of the BRI co-construction. By sorting out the practice of science and technology cooperation in boosting the development of the Belt and Road countries and regions since the raise of BRI, and analyzing the problems and challenges encountered, countermeasures and suggestions for the new era are finally proposed in this study.

Research On Low-Carbon Transition Pathways And Suggestions For Climate Cooperation Of Bri Countries, Kaiwe Zhu, Xianchun Tan, Baihe Gu, Jianping Zhang, Lingsi Kong

Bulletin of Chinese Academy of Sciences (Chinese Version)

Climate cooperation among Belt and Road Initiative (BRI) countries holds significant practical importance for achieving low-carbon transition and sustainable development within the BRI framework. To analyze the pathway towards low-carbon transition under different representative concentration pathway (RCP) scenarios and emission quota allocation methods, the CGEM-BRI model was developed. The study also examined the potential requirements for climate finance, capacity building, and management system. Based on these findings, recommendations for climate cooperation between China and BRI countries were formulated. The study revealed that in order to limit global temperature rise for 1.5℃ in 2100, renewable energy sources should account for a …

Case Study And Recommendations On Technological Collaboration In Supporting Development Of Qinghai-Tibet Plateau Under The Belt And Road Initiative, Xiaowei Nie, Xiaoduo Pan, Zhuoying Zhang, Yang Yang, Yang Yang, Xinyu Gong

Bulletin of Chinese Academy of Sciences (Chinese Version)

The Belt and Road Initiative has played an important role in promoting the construction of a community with a shared future for mankind and actively integrated into the global governance system over the past decade. At the same time, through scientific and technological cooperation, it has also significantly impacted domestic regional development. The Tibetan Plateau, known as the “Third Pole” of the Earth, is not only an important internationalized region but also a crucial component of the Belt and Road Initiative, offering opportunities to establish a South Asian land corridor. This study analyzes and summarizes the role of scientific and …

Main Climate Change Characteristics And Disaster Risks Oriented Towards Carbon Neutrality Over The Belt And Road Regions, Jingyong Zhang, Jing He, Lixia Zhang, Zhencai Du, Renqiang Li, Ming Xu

Bulletin of Chinese Academy of Sciences (Chinese Version)

Climate change has been widely recognized as one of most severe risks that the world faces. The recent 50 years are the warmest period in the last 2 000 years with respect to surface temperature averaged over the Belt and Road regions, which is mainly attributed to continuously increasing and accumulating of carbon emissions from human activities. Since the 1980s, over the Belt and Road regions mean climate change is characterized as surface warming at a faster rate, increased precipitation and evaporation, and accelerated sea level rise among others, and extreme weather and climate events such as hot extremes, rainstorms …

S&T Innovation Study For The Digital Belt And Road, Huadong Guo, Fang Chen, Yu Chen, Guozhuang Shen, Chuansheng Liu, Yunwei Tang

Bulletin of Chinese Academy of Sciences (Chinese Version)

Digital technology can promote the sustainable development of countries and regions along the route of Belt and Road Initiative and help enhance interconnectivity in technology, standards, rules, and digital infrastructure. Science and technology play a crucial role in the construction of the Digital Belt and Road. However, currently, some countries and regions along the route of Belt and Road Initiative lack sufficient digital infrastructure, and there is a shortage of critical core digital technology and challenges in its promotion. It is essential to build an innovative ecosystem for the Digital Belt and Road that includes facilities, technology, mechanisms, and capabilities …

Climate Technology Demand Assessment For Participating Countries In Belt And Road Initiative And Policy Recommendations For Promoting South-South Technology Cooperation, Minpeng Chen, Qiang Liu, Meixun Gao, Fei Teng

Bulletin of Chinese Academy of Sciences (Chinese Version)

Belt and Road countries and regions have increasingly recognized the urgent need for climate mitigation and adaptation in order to achieve the Paris Agreement and the Sustainable Development Goals (SDGs). Transferring and disseminating climate technologies are effective ways in which developing countries in the region can enhance their capacity to address the challenges of climate change. This study assesses the characteristics of climate change technology needed in Belt and Road countries and regions, based on the United Nations Framework Convention on Climate Change's Technology Needs Assessment (TNA) report as well as the Cooperative Patent Classification (CPC) system. It identifies and …