Economics Commons^™

Firm-Level Productivity Spillovers In China’S Chemical Industry: A Spatial Hausman-Taylor Approach, Peter H. Egger, Badi H. Baltagi, Michaela Kesina

Center for Policy Research

This paper assesses the role of intra-sectoral spillovers in total factor productivity across Chinese producers in the chemical industry. We use a rich panel data-set of 12,552 firms observed over the period 2004-2006 and model output by the firm as a function of skilled and unskilled labor, capital, materials, and total factor productivity, which is broadly defined. The latter is a composite of observable factors such as export market participation, foreign as well as public ownership, the extent of accumulated intangible assets, and unobservable total factor productivity. Despite the richness of our data-set, it suffers from the lack of time …

Empirical Studies On Interest Rate Derivatives, Xudong Sun

UNLV Theses, Dissertations, Professional Papers, and Capstones

Interest rate models are the building blocks of financial market and the interest rate derivatives market is the largest derivatives market in the world. In this dissertation, we shall focus on numerical pricing of interest rate derivatives, estimating model parameters by Kalman filter, and studying various models empirically. We shall propose a front-fixing finite element method to price the American put option under the quadratic term structure framework and compare it with a trinomial tree method and common finite element method. Numerical test results show the superiority of our front-fixing finite element method in the aspects of computing the option …

Top Of The Order: Modeling The Optimal Locations Of Minor League Baseball Teams, W. Coleman Conley

Undergraduate Economic Review

Over the last twenty-five years, minor league baseball franchises have defined firm mobility. Revisiting the work of Michael C. Davis (2006), I construct a logistic regression model to predict which cities house minor league baseball teams. Six variables are tested for inclusion in the model, including population, income level, the number of major-league professional sports teams in a city, five-year population change, and distance from the closest professional team. Based on the model's predicted probabilities, cities are ranked in order of highest probability of having a team at each of the different levels from Class A to Class AAA.

Land Rights Among Subsistence Farmers: An Examination Of Madagascar’S Land Reform And Prevailing Systems Of Land Tenure In Betafo, Taylor Crowl

Independent Study Project (ISP) Collection

In Madagascar, legal systems of land tenure have been inaccessible for the vast majority of the rural population. This has stranded millions of subsistence farmers in a sense of insecurity, as they lack legal rights for the property that they have farmed for generations. Madagascar’s land reform, launched in 2005, attempted to change these exclusionary tenure practices. This reform —known as the Plan National Foncier—created land certificates and local land offices in an attempt to make legal land tenure financially, geographically, and logistically accessible to the local population. This study discusses the successes, failures, and unforeseen consequences of Madagascar’s land …

Improving Social Resilience In Response To Climate Change In Far North Queensland And Torres Strait, Katie Costantini

Independent Study Project (ISP) Collection

Currently, most approaches to decision-making in response to climate change have been based on biophysical knowledge, even though climate change is an inherently social dilemma. Social resilience involves communities’ ability to mitigate and prepare for the effects of climate change and recover to an improved state. Professor Allan Dale and his colleagues at the Cairns Institute at James Cook University developed a framework for social resilience based on four attributes: (1) Economic Viability, (2) Community Knowledge, Aspirations, and Capacity, (3) Community Vitality, and (4) Governance. They are using this framework to evaluate and monitor Far North Queensland and Torres Strait …

Energy Production, Distribution, And Pollution Controls: Combining Engineering And Economic Analysis To Enhance Efficiency And Policy Design, David F. Perkis

Open Access Dissertations

Three published articles are presented which focus on enhancing various aspects of the energy supply chain. While each paper adopts a different methodology, all three combine engineering data and/or techniques with economic analysis to improve efficiency or policy design within energy markets. ^ The first paper combines a chemical engineering plant design model with an economic assessment of product enhancements within an ethanol production facility. While a new chemical process is shown to achieve greater ethanol yields, the animal feed by-products are denatured and decrease in value due to the degradation of a key nutritional amino acid. Overall, yield increases …

The Effect Of Income On Health After Hurricane Katrina, Jang Wook Lee

Dissertations, Theses, and Capstone Projects

There is a large literature that documents a positive correlation between income and a variety of measures of good health. This correlation may reflect causality in both directions and may also reflect omitted "third variables" that are positively related to income and health. In my dissertation, I employ an exogenous negative shock to income due to a natural disaster to estimate the true causal impact of income on health. The shock I will use is Hurricane Katrina, which severely damaged counties in Alabama, Mississippi, and Louisiana in August 2005. I use these treatment counties and a variety of alternative sets …

Planetary Improvement: Discourses And Practices Of Green Capitalism In The Cleantech Space, Jesse Adam Goldstein

Dissertations, Theses, and Capstone Projects

There is money to be made in saving the planet. A whole host of actors, such as investors, entrepreneurs, engineers, and policy makers have mobilized around our ecological problems, seeking to innovate new `green' and `clean' technologies that can serve a rapidly changing environment. The presumption that such technologies are both necessary and necessarily profitable anchors visions of a `green' capitalism that can and must be brought into existence.

However, just as free markets have never been all that free, why should we presume that green capitalism would be all that green? Instead of attempting to arbit whether or not …

Study On Factors Influencing Coal Freight Rate Based On Var Model, Junyi Liu

World Maritime University Dissertations

No abstract provided.

Study On Volatility Of China Containerized Freight Index Based On Garch Family Model, Chen Yuan

World Maritime University Dissertations

No abstract provided.

Research On Correlation Effects Between Tianjin Port And Its Inland Ports Based On Modified Gravity Model, Yayun Zhao

World Maritime University Dissertations

No abstract provided.

Research On China Newbuilding Price Index And Its Derivatives, Yangyang Zhang

World Maritime University Dissertations

No abstract provided.

Analysis Of Influencing Factors Of Coastal Port Cargo Throughput In China From Economic Aspect, Hongyi Zhang

World Maritime University Dissertations

No abstract provided.

Research On Price Fluctuation And Investment Efficiency Of Newbuilding Dry Bulk Carrier, Xinshu Zhou

World Maritime University Dissertations

No abstract provided.

The Development Pattern And Competitiveness Evaluation Research On China Inland Dry Port, Min Shi

World Maritime University Dissertations

No abstract provided.

On Sign-Solvable Linear Systems And Their Applications In Economics, Eric Hanson

Journal of Undergraduate Research at Minnesota State University, Mankato

Sign-solvable linear systems are part of a branch of mathematics called qualitative matrix theory. Qualitative matrix theory is a development of matrix theory based on the sign (¡; 0; +) of the entries of a matrix. Sign-solvable linear systems are useful in analyzing situations in which quantitative data is unknown or had to measure, but qualitative information is known. These situations arise frequently in a variety of disciplines outside of mathematics, including economics and biology. The applications of sign-solvable linear systems in economics are documented and the development of new examples is formalized mathematically. Additionally, recent mathematical developments about sign-solvable …

Municipal Recycling In Waterville: A Choice Experiment, Katharine V. Eddy, Alec A. Finigan

Journal of Environmental and Resource Economics at Colby

The city of Waterville, Maine has experienced many struggles with establishing an economically and socially beneficial method for collecting recyclables from residents. In 2006, the town made the choice to terminate its curbside recycling pickup and open the Skills facility, where residents were able to transport there recyclables and dispose of them at the facility. This proved to also not be economically beneficial and the town ended this option for residents in 2012. The motivation behind establishing a new recycling program in Waterville is making Waterville more environmentally friendly, the creation of jobs for residents in the trash collecting business, …

Rescuing Economics From The Discipline: The Green Learning Community, Michael Daley, Owen Grumbling, Richard B. Peterson

Business Faculty Publications

Undergraduate economics is poised for reform because of readily available data and multimedia content. However, we argue that deep reform is needed to teach complex contemporary problems. This requires including institutional and historical content and restructuring the classroom to facilitate interdisciplinary pedagogy. Using Colander’s (2006) analysis of reform as a starting point, we review the economics literature to identify alternative approaches and interdisciplinary pedagogy. The Green Learning Community is introduced as an intentional approach that links economics, humanities and environmental studies and provides first-year students adequate time to study, reflect upon, and internalize economic assumptions, models, values, and interdisciplinary insights.

Test Of Hypotheses In A Time Trend Panel Data Model With Serially Correlated Error Component Disturbances, Chihwa Kao, Badi H. Baltagi, Long Liu

Center for Policy Research

This paper studies test of hypotheses for the slope parameter in a linear time trend panel data model with serially correlated error component disturbances. We propose a test statistic that uses a bias corrected estimator of the serial correlation parameter. The proposed test statistic which is based on the corresponding fixed effects feasible generalized least squares (FE-FGLS) estimator of the slope parameter has the standard normal limiting distribution which is valid whether the remainder error is I(0) or I(1). This performs well in Monte Carlo experiments and is recommended.

Water In The 21st Century, Grayson Michael Shor

Social Sciences

The aim of this research project is to provide a comprehensive and global analysis of water use in order to provide the reader with a comprehensive grasp of current and impending issues. The included five (5) chapters discuss water distribution, conservation, purification, law, international development, economic debates, ethical consideration, as well as educated estimations of the effects water related issues may cause in the next one-hundred years.

Musical Missteps: The Severity Of The Sophomore Slump In The Music Industry, Shane M. Zackery

Scripps Senior Theses

This study looks at alternative models of follow-up album success in order to determine if there is a relationship between the decrease in Metascore ratings (assigned by Metacritic.com) between the first and second album for a musician or band and the 1) music genre or 2) the number of years between the first and second album release. The results support the dominant thought, which suggests that neither belonging to a certain genre of music nor waiting more or less time to drop the second album makes an artist more susceptible to the Sophomore Slump. This finding is important because it …

Investment In Technology & Voluntary Simplicity: Exploring Opportunities For Energy-Efficiency In The Us Residential Sector, Elaine Charlebois

Honors Scholar Theses

This work examines alternative approaches for middle-class Americans to make lifestyle changes to promote energy efficiency. The US residential sector poses a significant opportunity for improvement in efficiency which will lead to electricity and carbon savings, further leading to long-term cost savings for each household.

A way to think about energy savings is by considering two radically different approaches: voluntary simplicity or investment in technology. Investments in technology include retrofits for existing homes and building new homes more efficiently, both focusing on aspects such as heating and cooling, insulation, water use and water heating, lighting, and appliances. Voluntary simplicity is …

The Political History Of Sugarcane-Based Ethanol In Brazil, Joshua Gagner

Political Science Theses and Capstones

With the Middle East putting an embargo on oil in 1973, oil prices ascended to levels that made importation of oil expensive. Brazil also faced another issue with sugar prices going down in 1973, putting much of their sugar supply on reserve. Brazil’s military government then made a decision to adopt the sugarcane-based ethanol program, Pro-Alcool. Pro-Alcool’s goal was to produce an alternative energy source to gasoline and take pressure off of oil importation. While initially intended to be a short-term fix, a second oil strike in 1979 pushed Pro-Alcool to higher levels. Oil industries were initially opposed to ethanol …

Spreading The Char: The Importance Of Local Compatibility In The Diffusion Of Biochar Systems To The Smallholder Agriculture Community Context, Laura C. V. Munoz

Pomona Senior Theses

This thesis enters the context of smallholder agriculture communities in the developing world. It explores the potentials of biochar and what biochar systems could bring to the smallholder communities while simultaneously bringing environmental benefits. It then acknowledges the challenges of diffusion –the spreading of an unfamiliar innovation. It seeks to answer the question of what will make diffusion of biochar systems more successful in the smallholder context, fixating on the characteristic of compatibility as well as the role local community members can play in making a new biochar system more visible to the rest of the communities.

The Impact Of World Bank’S Conditionality-Ownership Hybrid On Forest Management In Cameroon: Policy Hybridity In International Dependence Development, Asongayi Venard

Electronic Theses and Dissertations

Many developing countries depend on the World Bank for development assistance, which the Bank often provides with policy reform conditions. Resistance to World Bank’s conditionality caused the Bank to posit “ownership” as a country’s real assent to its development policies. The combination of ownership and conditionality invalidates the neocolonial, false-paradigm and dualism theses in explaining the international dependence development model. This study explains this model by investigating how the relationship between conditionality and ownership in the context of this model impacts forest management in Cameroon.

Integrating theoretical and methodological insights mainly from political science, economics, geosciences, and sociology, the study …

Lattice Methods For The Valuation Of Options With Regime Switching, Atul Sancheti

UNLV Theses, Dissertations, Professional Papers, and Capstones

In this thesis, we have developed two numerical methods for evaluating option prices under the regime switching model of stock price processes: the Finite Difference lattice method and the Monte Carlo lattice method.

The Finite Difference lattice method is based on the explicit finite difference scheme for parabolic problems. The Monte Carlo lattice method is based on the simulation of the Markov chain. The advantage of these methods is their flexibility to compute the option prices for any given stock price at any given time. Numerical examples are presented to examine these methods. It has been shown that the proposed …

Experimental Evidence For Heterogeneous Expectations In A Simple New Keynesian Framework, Atticus David Holm Graven

Business and Economics Honors Papers

This paper is a two-dimensional analysis of agent behavior in a standard New Keynesian (NK) Macroeconomic model. On the dimension of pure mathematics, we analyze the parameters of the NK model and of possible prediction rules. On the other dimension we continue a practice of empirical study of heterogeneous expectations with an experiment. The experiment will ask participants to make predictions of future output and inflation. Their responses will create a data-set upon which analysis will be performed to illuminate and corroborate current theories of economic decision making. The literature has shown that most agents' forecasting rules can be modeled …

Dao Selected For Economics Research Fellowship, Hannah Dhue

News and Events (Discontinued Series)

No abstract provided.

Population, Progeny And Power: Analyzing Population Growth, Family Planning And The Factors That Contribute To High Child Bearing Rates In Kizanda Village, Tanzania, Jade Enright

Independent Study Project (ISP) Collection

The population growth rate is reaching an astounding level in Tanzania and Eastern Africa. It is applying increasing pressure on things like social services, land availability, job opportunities, conservation and localized resources. This study looks at the perceptions of both men and women surrounding social and environmental factors contributing to the high population growth rate. It looks more specifically at factors including childbearing, birth control methods and their effectiveness, and how the birth rate correlates with changing quality of life. This study was conducted in Kizanda Village in the West Usambara Mountains of Northern Tanzania, a region following the trend …

Powering Rural Transformation: Solar Pv In Rural Uganda., Matt Piggins

Independent Study Project (ISP) Collection

The intent of this study was to understand the role that solar PV plays in the process of rural electrification, what barriers exist in the PV market, and how the Rural Electrification Agency is bringing down those barriers. Moreover, I sought to understand solar PV’s development impact in rural areas and how people in rural regions of Uganda are using the technology, especially those at the bottom of the economic pyramid. Additionally, I sought to understand if PV is a financially viable option for the rural poor or if it is only obtainable by the rural upper and middle class. …