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Illinois Wesleyan University

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Articles 211 - 240 of 451

Full-Text Articles in Economics

Diamonds Are Forever: Botswana's Fight Against The Resource Curse, Meara Dibadj, Michael Seeborg, Faculty Advisor Apr 2012

Diamonds Are Forever: Botswana's Fight Against The Resource Curse, Meara Dibadj, Michael Seeborg, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


A Time-Series Analysis Of Unemployment For The Rockford Metropolitan Area Since 1990, Kent Larson, Diego Mendez-Carbajo, Faculty Advisor Apr 2012

A Time-Series Analysis Of Unemployment For The Rockford Metropolitan Area Since 1990, Kent Larson, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


A Time-Series Analysis Of Unemployment In Cook County And The U.S., Taylor Kaldahl, Diego Mendez-Carbajo, Faculty Advisor Apr 2012

A Time-Series Analysis Of Unemployment In Cook County And The U.S., Taylor Kaldahl, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


Time-Series Analysis Of Recent Employment Statistics In The Champaign-Urbana Metropolitan Area, Patrick Dahl, Diego Mendez-Carbajo, Faculty Advisor Apr 2012

Time-Series Analysis Of Recent Employment Statistics In The Champaign-Urbana Metropolitan Area, Patrick Dahl, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


Time Series Analysis Of The Unemployment Rate In Kankakee County, Illinois, Cameron Ohlendorf, Diego Mendez-Carbajo, Faculty Advisor Apr 2012

Time Series Analysis Of The Unemployment Rate In Kankakee County, Illinois, Cameron Ohlendorf, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


A Time-Series Analysis Of Two Decades In Peoria's Labor Market, Nick Kenaga, Diego Mendez-Carbajo, Faculty Advisor Apr 2012

A Time-Series Analysis Of Two Decades In Peoria's Labor Market, Nick Kenaga, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


A Time-Series Analysis Of Employment In Danville, Illinois, Jonathan Bates, Diego Mendez-Carbajo, Faculty Advisor Apr 2012

A Time-Series Analysis Of Employment In Danville, Illinois, Jonathan Bates, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


Financial And Labor Market Determinants Of Mortgage Delinquency Rates: Mclean County, Il, 1985-2011, Jake Mann Apr 2012

Financial And Labor Market Determinants Of Mortgage Delinquency Rates: Mclean County, Il, 1985-2011, Jake Mann

Honors Projects

This study examines the relationship between labor and financial market factors and the mortgage delinquency rate in McLean County, Illinois, between January 1985 and December 2011. The mortgage delinquency rate is defined as the ratio between the number of defaulting mortgages and the number of mortgages issued. The volume of defaulting mortgages is measured through the number of lis pendens notices filed with the Recorder’s Office. A lis pendens notice informs the grantee of a mortgage loan that the grantor's payments are three months overdue. The issuance of this notice starts a foreclosure process. As labor market indicators we consider …


Economic Assimilation Of Chinese Immigrants In The United States: Is There Wage Convergence With Natives?, Yujie Wu Apr 2012

Economic Assimilation Of Chinese Immigrants In The United States: Is There Wage Convergence With Natives?, Yujie Wu

Honors Projects

Asian Americans are often referred to as the “model minority” due to perceptions of their high income and educational attainment; yet relatively little is known about their economic assimilation experience. The purpose of this study is to determine economic assimilation of Chinese immigrants over time. This research follows a cohort of Chinese immigrants from 1994 to 2011 and compares their earnings performance with natives that have similar educational attainment. Multiple regression analysis is used to analyze data from the Current Population Survey. Results show that, although the cohort of Chinese immigrants initially has earnings substantially lower than the natives, it …


Demand For Money And Exchange Rate: Evidence For Wealth Effect In India, Sahadudheen I Mar 2012

Demand For Money And Exchange Rate: Evidence For Wealth Effect In India, Sahadudheen I

Undergraduate Economic Review

External factors such as variations in exchange rates should, to some extent, affect the composition of optimal money holdings. It was Robert Mundell who proposed the idea that demand for money could depend on the exchange rate in addition to the income and interest rate. Changes in exchange rate may have two effects on the demand for domestic currency, wealth effect and currency substitution effect. The main objective of the paper is to examine the effects of exchange rate on domestic demand for money in India covering the period of 1998Q1 to 2009Q4. The statistical and time series properties of …


Shanghai As An International Financial Center - Aspiration, Reality And Implication, Raph Luo Mar 2012

Shanghai As An International Financial Center - Aspiration, Reality And Implication, Raph Luo

Undergraduate Economic Review

China’s rapid economic development, especially in the financial sector, has ignited the discussion of the re-emergence of Shanghai as a leading international financial center (IFC). Much still remains to be done for Shanghai to catch up with established centers such as New York and London, including deepening its capital markets and opening itself up to cross-border capital flows. While Shanghai’s current financial development has been made possible largely by China’s past economic conditions and policies, recent reforms are also likely to guarantee Shanghai the position as a world-class onshore IFC in the near future. The rise of Shanghai will likely …


Returns From Self-Employment: Using Human Capital Theory To Compare U.S. Natives And Immigrants, Nikola Popovic Mar 2012

Returns From Self-Employment: Using Human Capital Theory To Compare U.S. Natives And Immigrants, Nikola Popovic

Undergraduate Economic Review

The focus of this paper is to examine the economic returns from self-employment when comparing natives and immigrants. I hypothesize that returns from self-employment will increase with age and education, and that immigrants from China, India, and the Philippines will have higher returns while immigrants from Mexico will have lower returns than natives. I also hypothesize that immigrants with high levels of education will earn more than natives with the same amount of education. The OLS regressions show that human capital variables explain the differences in self-employed income between natives and immigrants, as the literature suggests.


Economic Shocks, Trade And International Relations, Jack Barnes Thompson Feb 2012

Economic Shocks, Trade And International Relations, Jack Barnes Thompson

Undergraduate Economic Review

In an interdependent world, trade has unavoidable game aspects. A model with two agents is used to determine the impact of trade and a military alliance between two major world players, North America and China, and an external non-actor, South Korea. The objective of this study is to investigate the impact of cooperative actions and outcomes by the two agents on a two-track policy for South Korea. We also study a variant to the game by considering a change in international relations. Welfare implications are also observed.


Does The Economy Determine The President? A Regression Model For Predicting Us Presidential Elections, Roy K. Roth Feb 2012

Does The Economy Determine The President? A Regression Model For Predicting Us Presidential Elections, Roy K. Roth

Undergraduate Economic Review

There is a prevalent belief that the economy determines the President. If the economy is good, the President keeps his job, if it is bad, he is out. A large body of econometric literature has been published on this topic. This paper takes a new approach. I look not at how the popular vote changes with economic conditions, but how the electoral vote changes. I further examine how these changes affect the probability that the incumbent party stays in office. I find that economic conditions may not be as important as they have been purported to be.


Economic Assimilation Of Mexican And Chinese Immigrants In The United States: Is There Wage Convergence?, Michael Seeborg, Yujie Wu Jan 2012

Economic Assimilation Of Mexican And Chinese Immigrants In The United States: Is There Wage Convergence?, Michael Seeborg, Yujie Wu

Scholarly Publications

This research determines the economic assimilation experience of Mexican immigrants and Chinese immigrants towards natives level over time after controlling for human capital and demographic characteristics. Using Census data from multiple years, this research follows cohorts of Mexican and Chinese immigrants who migrated to the U.S. prior to 1994 to investigate the impact of assimilation on the level of earnings for these immigrants. Multiple regression and simulation techniques are used to compare the earnings growth pattern for the two immigrant groups. Results show that over time there is wage convergence for Chinese immigrants toward the native level and they do …


Interest Rate Policy In China: The Impact Of Suppressed Deposit Rates On Household Income From 2000-2007, Zhuliang James Zhang Dec 2011

Interest Rate Policy In China: The Impact Of Suppressed Deposit Rates On Household Income From 2000-2007, Zhuliang James Zhang

Undergraduate Economic Review

An often-overlooked impact of China’s policy of maintaining low interest has been the suppression of household interest income, which has increased the propensity of households to save while decreasing their consumption rates. This paper posits that from 2000 to 2007, deposit rates in China were suppressed annually by around 720 basis points, imposing an implicit tax on annual per-capita income of 12.8% on average. Raising deposit rates will increase household income and boost consumption in the medium-term if the Chinese government is able to initiate policy shifts that distribute the gains of economic growth more equitably to households. Research advised …


Determinants Of Housing Price In China, Tian Mao, Michael Seeborg, Faculty Advisor Apr 2011

Determinants Of Housing Price In China, Tian Mao, Michael Seeborg, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


Environmental Equity In Illinois: A County-Level Comparison Of Toxic Releases, Ted Richards, Craig Broadbent, Faculty Advisor Apr 2011

Environmental Equity In Illinois: A County-Level Comparison Of Toxic Releases, Ted Richards, Craig Broadbent, Faculty Advisor

John Wesley Powell Student Research Conference

In 2008, 21,695 industrial facilities reported to the US Environmental Protection Agency's Toxic Release Inventory Program. Collectively, these facilities reported releasing 3.86 billion pounds of toxic chemicals into the local environment. Of these 3.86 billion pounds of toxic chemicals, 78.7 million were released in the state of Illinois. This study addresses the question of whether or not this toxic pollution is distributed equally between individuals of different race in Illinois. The study uses both county-level hazardous air emissions data from the EPA and US Census data from the years 2000 and 2008. The study employs both statistical analysis and ordinary …


Evaluating The Effectiveness Of Gun Control Laws In The United States, Lauren Seidner, Amit Ghosh, Faculty Advisor Apr 2011

Evaluating The Effectiveness Of Gun Control Laws In The United States, Lauren Seidner, Amit Ghosh, Faculty Advisor

John Wesley Powell Student Research Conference

In recent years, the social and legal environments surrounding firearms have changed drastically. This study aims to discover if gun control legislation is an effective deterrent mechanism for crime by constructing an index that systematically compares gun laws at the state level and scores them on 30 weighted criteria in six different categories. The index is constructed for 10 high regulation states and 1 0 low regulation states for the years 1 996 to 2005, and using panel data and Ordinary Least Squares regressions, the paper analyzes the relationship between gun control legislation and crime rates, while also accounting for …


Educational Factors On Student Achievement, Deming Payne, Robert Leekley, Faculty Advisor Apr 2011

Educational Factors On Student Achievement, Deming Payne, Robert Leekley, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


The Environmental Kuznets Curve And Political Factors, Olivia Campbell, Robert Leekley, Faculty Advisor Apr 2011

The Environmental Kuznets Curve And Political Factors, Olivia Campbell, Robert Leekley, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


High Frequency Trading And The Stock Market: A Look At The Impact Of Trade Volume On Stock Price Changes, Kyle Portnoy, Diego Mendez-Carbajo, Faculty Advisor Apr 2011

High Frequency Trading And The Stock Market: A Look At The Impact Of Trade Volume On Stock Price Changes, Kyle Portnoy, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


Subordination Agreements In Mclean County, Walker Ambrose, Diego Mendez-Carbajo, Faculty Advisor Apr 2011

Subordination Agreements In Mclean County, Walker Ambrose, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


Lis Pendens As An Indicator Of Mortgage Quality: Mclean County, Illinois, Michael J. Mann, Diego Mendez-Carbajo, Faculty Advisor Apr 2011

Lis Pendens As An Indicator Of Mortgage Quality: Mclean County, Illinois, Michael J. Mann, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


The Effect Of Niche Occupations In Income: A Closer Look At Chinese, Filipino, And Asian Indian Immigrants, Paige Maynard, Michael Seeborg, Faculty Advisor Apr 2011

The Effect Of Niche Occupations In Income: A Closer Look At Chinese, Filipino, And Asian Indian Immigrants, Paige Maynard, Michael Seeborg, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


R&D Investment Link To Profitability: A Pharmaceutical Industry Evaluation, Lawrence J. Nord, Illaria Ossella-Durbal, Faculty Advisor Apr 2011

R&D Investment Link To Profitability: A Pharmaceutical Industry Evaluation, Lawrence J. Nord, Illaria Ossella-Durbal, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


The Deterrent Effect Of Capital Punishment, Adam Law, Amit Ghosh, Faculty Advisor Apr 2011

The Deterrent Effect Of Capital Punishment, Adam Law, Amit Ghosh, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


Right-To-Work Laws Effects On Unemployment And Wages, Duncan Lawson, Michael Seeborg, Faculty Advisor Apr 2011

Right-To-Work Laws Effects On Unemployment And Wages, Duncan Lawson, Michael Seeborg, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


Financial Crises And Mortgage Assignments: Mclean County, Illinois From 1990-2010, Graham Boden, Diego Mendez-Carbajo, Faculty Advisor Apr 2011

Financial Crises And Mortgage Assignments: Mclean County, Illinois From 1990-2010, Graham Boden, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.


Time Series Analysis Of Recapture Agreements In Mclean County, Illinois, Eugene Kuzmin, Diego Mendez-Carbajo, Faculty Advisor Apr 2011

Time Series Analysis Of Recapture Agreements In Mclean County, Illinois, Eugene Kuzmin, Diego Mendez-Carbajo, Faculty Advisor

John Wesley Powell Student Research Conference

No abstract provided.