Economics Commons^™

Educational Expenditure And Economic Growth Nexus In Nigeria (1987-2016), Abiodun O. Ayeni, Osagie F. Omobude

Journal for the Advancement of Developing Economies

This study empirically investigated educational expenditure and economic growth nexus in Nigeria using secondary and times series data from 1987 to 2016, sourced from the Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS) and other agencies and sources. Relevant statistical tools were employed in exploring the relationships between these variables. The random characteristics of the variables were tested using the Augmented Dickey Fuller (ADF) technique. The links among educational expenditure, education sectoral output and economic growth were tested via the Autoregressive Distributed Lag (ARDL) and bound test approach developed by Pesaran and Shin. Four research hypotheses were tested. …

Remittances, Institutions, And Inequality In Developing Countries, Karla Borja, Joshua D. Hall

Journal for the Advancement of Developing Economies

The private transfers sent by immigrant workers back to their home countries, or remittances, can improve the development of recipient countries through poverty reduction, higher education, and new business formation. However, the effect of remittances on income inequality is still debatable. While some studies suggest that these transfers are sent to the poor, other investigations find that remittances are directed toward higher-income cohorts, widening the gap between rich and poor. This study provides new evidence about potential income inequality reduction driven by remittances and quality of institutions. For instance, weak institutions discourage the usage of remittances toward productive ventures, more …

Drivers Of Agricultural Productivity In Agriculture-Based Economy, Olatokunbo H. Osinowo, Rahman A. Sanusi

Journal for the Advancement of Developing Economies

Stagnation in agricultural productivity, especially in an economy with fast and persistently growing population, would compromise food security. This study examined the factors influencing agricultural productivity in an agriculture-based economy. The study used a 35-year period (1980 – 2014) panel data focusing on Agricultural Productivity (AP), Real Gross Domestic Product (GDP), Government Agricultural Expenditure (EXP), Agricultural Trade Barrier (ATB), Consumer Price Index (CPI), Farm Machinery (MACH), Fertilizer Consumption (FERT), Human Capital (HCAP) and Irrigation (IRRG). Data were analyzed using Impulse Response Function (IRF) and Panel Least Squares (PLS) regression technique. The IRF revealed that there was a positive and stable …

Understanding The Process Of Selling, Cheryl A. Burkhart-Kriesel

Cornhusker Economics

Black Friday, Cyber Monday, and then the countdown to Christmas… tis the season for buying! But if you work in the retail environment, it is also the season for selling. The act of “selling” is obvious in face-to-face retail environments but the steps of the selling process are also embedded in all sorts of product and service settings.

Fighting World Hunger Can Be A Win-Win: Innovating Firms Can Do Well By Doing Good, Konstantinos Giannakas, Amalia Yiannaka

CAFIO: Policy Research Group Policy Pagers

A 2018 report by the Food and Agriculture Organization of the United Nations estimates that more than 820 million people around the world have been facing malnutrition and hunger.

Based on K. Giannakas and A. Yiannaka. 2018. Doing Well by Doing Good: Agricultural Biotechnology in the Fight against Hunger. Agricultural Economics. doi: 10.1111/agec.12455

Nebraska Monthly Economic Indicators: December 20, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 0.64% during November of 2017. The increase in the LEI-N, which is designed to predict economic activity six months into the future, suggests that Nebraska economic growth will continue through the second quarter of 2018. The increase in the indicator was due to an increase in building permits for single-family homes. There also were positive business expectations during the month. In particular, respondents to the November Survey of Nebraska Business reported plans to increase sales and employment in the coming months. In terms of negative components, there was a rise …

Nebraska Business And Consumer Confidence Index: December 1, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer and business confidence surged in Nebraska during November. The Consumer Confidence Index – Nebraska (CCI-N) rose to 106.2 in November from 95.1 in October. The November value is well above the neutral level of 100.0. Likewise, the Business Confidence Index – Nebraska (BCI-N) rose from 102.7 in October to 114.1 in November, which is also well above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 32 percent of respondents. Nearly as many businesses mentioned workforce issues. In particular, the availability and quality of labor was mentioned as …

Nebraska Snaps Back, Eric Thompson

Business in Nebraska

Nebraska will fully participate in stronger U.S. economic growth. While the farming sector will continue to face challenges, farm income will rise slightly during the forecast period, and consequently, will no longer detract from Nebraska economic growth. Nebraska will match U.S. job growth, with job growth particularly strong in services, construction, and retail trade. The agricultural processing sector also will expand employment. Projected growth rates for 2018 through 2020 are presented in Table 1.

Employment will grow by 1.1% to 1.2% per year, matching the national job growth rate in 2019 and 2020. Non-farm income will grow between 3.9% and …

Nebraska Monthly Economic Indicators: November 22, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.24% during October of 2017. The decrease in the LEI-N, which is designed to predict economic activity six months into the future, suggests that economic growth will slow in Nebraska during the second quarter of 2018. The fall in the indicator was due to an decline in building permits for single-family homes and manufacturing hours-worked. There also was an increase in the value of the U.S. dollar in October. The increase in the value of the dollar is challenging for Nebraska exporters. In terms of positive components, there was a …

Producer Services: A Hub For Stem And An Engine For Job Growth, Eric Thompson, Kalana Jayanetti

Business in Nebraska

No abstract provided.

Nebraska Business And Consumer Confidence Indexes: November 3, 2017, Eric Thompson

Leading Economic Indicator Reports

Nebraska’s consumer confidence remained weak during October while business confidence remained strong. The Consumer Confidence Index – Nebraska (CCI-N) stood at 95.1 in October, below the neutral value of 100.0. By contrast, the Nebraska business confidence remained strong. The Business Confidence Index – Nebraska (BCI-N) stood at 102.7 in October, below the September level of 105.2 but above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 31 percent of business respondents. Businesses also faced growing competition in both the labor and product markets. The availability and quality of …

Nebraska Monthly Economic Indicators: October 25, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 1.86% during September of 2017. The increase in the LEI-N, which is designed to predict economic activity six months into the future, suggests solid economic growth in Nebraska during the first quarter of 2018. The rise in the indicator was due to an increase in building permits for single-family homes and growth in manufacturing hours-worked. There also was a decline in the value of the dollar in September, which is positive for Nebraska exporters. Finally, there were positive business expectations. Businesses responding to the September Survey of Nebraska Business reported …

Nebraska Business And Consumer Confidence Indexes: October 6, 2017, Eric Thompson

Leading Economic Indicator Reports

Nebraska’s consumer confidence tumbled during September while business confidence held steady. The Consumer Confidence Index – Nebraska (CCI-N) fell to 93.5 in September, well below the reading of 100.9 in August and the neutral value of 100.0. Consumer confidence is now weak in Nebraska. By contrast, the Nebraska business confidence remained strong. The Business Confidence Index – Nebraska (BCI-N) stood at 105.2 in September, slightly above the August value of 104.2, and well above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 37 percent of business respondents. Businesses …

Nebraska Monthly Economic Indicators: September 20, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.38% during August of 2017. The decline in the LEI-N, which is designed to predict economic activity six months into the future, suggests that the Nebraska economy will grow slowly during the first few months of 2018. The drop in the indicator was primarily due to a decline in manufacturing hours-worked during August. Building permits for single-family homes and airline passenger enplanements also dropped slightly. There were two positive components of the LEI-N. Businesses responding to the August Survey of Nebraska Business reported plans to increase sales and employment over …

Nebraska Business And Consumer Confidence Indexes: September 1, 2017, Eric Thompson

Leading Economic Indicator Reports

Nebraska’s consumer and business confidence fell during August. The Consumer Confidence Index – Nebraska (CCI-N) stood at 100.9 in August, below the reading of 102.5 from July. Notably, the CCI-N remained above the neutral value of 100.0 during August. The outlook of Nebraska businesses remained strong. The Business Confidence Index – Nebraska (BCI-N) stood at 104.2 in August, close to the value of 105.1 during July, and well above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 35 percent of business respondents. Businesses also faced growing competition in …

Nebraska Monthly Economic Indicators: August 23, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 0.56% during July of 2017. The increase in the LEI-N, which is designed to predict economic activity six months into the future, suggests that the Nebraska economy will grow through the first month of 2018. Four components of the indicator improved during July. Business expectations were solid and manufacturing hours grew. The value of the U.S. dollar continued its recent decline, a positive sign for Nebraska’s export-oriented businesses. Further, in a positive sign for the labor market, there also was a drop in initial claims for unemployment insurance. In terms …

Nebraska Business And Consumer Confidence Indexes: August 4, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer and business confidence remained strong in Nebraska during July but fell from June levels. The Consumer Confidence Index – Nebraska (CCI-N) stood at 102.5 in July after a reading of 104.7 during June. Despite the decline of 2.2, the CCI-N remained above the neutral value of 100.0, indicating strong consumer confidence. The outlook of Nebraska businesses also was strong. The Business Confidence Index – Nebraska (BCI-N) fell to 105.1 in July from 109.2 in June. The BCI-N remained well above the neutral value in July, despite the 4.1 point decline, which indicates that business confidence is also strong in …

The Role Of Safety First Risk Preferences In Grain Marketing: A Laboratory Economic Experiment Using A Grain Marketing Simulation Game, Stamatina Kotsakou

Department of Agricultural Economics: Dissertations, Theses, and Student Research

In this study, the Marketing in a New Era (MINE) grain marketing simulation game is used to carry out a context-rich economic experiment to evaluate the role of risk preferences in grain marketing decisions. The model of risk preferences that we consider is an improved Safety First decision rule model proposed by Levy and Levy (2009). We experimentally test if Safety First decision rule describes individuals’ post-harvest marketing decisions. In our experiment, we incorporate real-world features which are usually omitted in marketing studies such as: multiple storage decisions, storage cost, actual price series and multiple contract frequency. MINE plays a …

Mapping The Ecology Of Information: Hierarchical Habitat Selection By Nebraska Pheasant Hunters, Lyndsie Wszola

School of Natural Resources: Dissertations, Theses, and Student Research

Hunting regulations are assumed to moderate the effects of hunting consistently across a game population. A growing body of evidence suggests that hunter effort varies temporally and spatially, and that variation in effort at multiple spatial scales can affect game populations in unexpected ways. We set out to determine the causes of variation in hunting effort among ring-necked pheasant (Phasianus colchicus) hunters at four spatial scales: among regions within the state of Nebraska, among sites within a given region, among access points at a given site, and among habitat patches within a site. At each scale, pheasant hunters used direct …

Nebraska Monthly Economic Indicators: July 26, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 2.75% during June of 2017. The rapid increase in the LEI-N indicates that the Nebraska economy will grow quickly at the end of 2017. All components of the indicator rose during June. Business expectations were strong while the value of the U.S. dollar fell, a positive sign for Nebraska’s export-oriented businesses. There also was a sharp increase in building permits for single-family homes during the month.

Nebraska Business And Consumer Confidence Indexes: July 7, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer confidence rose sharply in Nebraska during June 2017 while business confidence remained very strong. The Consumer Confidence Index – Nebraska (CCI-N) stood at 100.4 in May but rose to 104.7 during June, which is well above the neutral value of 100.0. The outlook of Nebraska businesses remained very strong. The Business Confidence Index – Nebraska (BCI-N) fell to 109.2 in June, well above the neutral value and just below its May value of 110.2. Business confidence has been very strong in Nebraska throughout the first half of 2017. When asked about the most important issue facing their business, customer …

Nebraska Monthly Economic Indicators: June 21, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.51% during May of 2017. This is the second consecutive monthly decline in the LEI-N. The declines followed three months of rapid increase from January through March of 2017. Taken together, the LEI-N values imply a moderation in economic growth in Nebraska in late 2017 after strong growth midyear. Among the components of the indicator, business expectations were strong during May while the value of the U.S. dollar fell, which is a positive sign for Nebraska’s export-oriented businesses. However, manufacturing hours, building permits and airline passen

More Balanced Economic Growth, Eric Thompson

Business in Nebraska

There has been a re-balancing of both global and domestic economic growth during 2017. Globally, growth is improving in Europe and China, yielding more balanced international growth. Within the United States, growth also has become more balanced across industries. As in past years, the service sector, supported by growth in employment and real wages, has grown steadily with increases in retail trade, business services, personal services and construction activity. However, in recent months, there also has been improved growth in the industrial sector, with a rebound in the energy sector, and more business investment in capital equipment. The result is …

Nebraska Business And Consumer Confidence Indexes: June 2, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer confidence fell in Nebraska during May 2017 while business confidence remained very strong. The Consumer Confidence Index – Nebraska (CCI-N) fell to roughly neutral during May. The CCI-N stood at 102.5 in April but fell to 100.4 during May, which is only slightly above the neutral value of 100.0. The outlook of Nebraska businesses remained very strong. The Business Confidence Index – Nebraska (BCI-N) rose to 110.2 in May, above its April value of 109.1 and well above the neutral value. Business confidence has been very strong in Nebraska during the first five months of 2017. When asked about …

Nebraska Monthly Economic Indicators: May 24, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.88% during April of 2017. The decline followed three months of rapid increase in January through March, implying a moderation in the outlook for the Nebraska economy in late 2017. Among the components of the indicator, business expectations were strong during April while the value of the U.S. dollar fell, which is a positive sign for Nebraska’s export-oriented businesses. However, manufacturing hours, building permits and airline passenger counts all declined during April, while initial claims for unemployment insurance rose.

Family Feud Ends Up In Court, J. David Aiken

Cornhusker Economics

A May 2017 decision by the Nebraska Court of Appeals deals with an unfortunately common situation in Nebraska family farm corporations– is the on-farm heir (or heirs) in charge of the corporation legally required to share the corporation’s income with the off-farm heirs? (24 Neb. App. 649) As we shall see, the court answered “no” even though that seems to be an unfair result.

Nebraska Business And Consumer Confidence Indexes: May 5, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer confidence improved in Nebraska during April 2017 while business confidence remained very strong. The Consumer Confidence Index – Nebraska (CCI-N) rose to 102.5 during April, 2.0 points higher than in March. The index value, which is above the neutral value of 100, indicates that consumer confidence was strong in Nebraska. The outlook of Nebraska businesses is even stronger. The Business Confidence Index – Nebraska (BCI-N) rose to 109.1 in April, well above the neutral value. The business confidence index rose by 0.9% from March. Business confidence has been very strong in Nebraska during the first four months of 2017. …

Consumer Perceptions Of Food Safety And Preferences For Food Safety Interventions, Kofi Britwum

Department of Agricultural Economics: Dissertations, Theses, and Student Research

This dissertation consists of three essays that investigate consumers’ response to technologies that mitigate food safety risks: cattle vaccines against E. coli and direct-fed microbials.

The first essay examines the influence of information framing and issue involvement on perceptions of the two food safety technologies. This essay also examines the role of issue involvement on food safety perceptions. A hypothetical survey which includes six information treatments was developed, and targeted a representative, random sample of U.S consumers. Participants were exposed to general information about E. coli and the two food safety technologies, a gain-framed message, a loss-framed message, …

The Economics Of The Right To Be Forgotten, Byung-Cheol Kim, Jin Yeub Kim

Department of Economics: Faculty Publications

Scholars and practitioners debate whether to expand the scope of the right to be forgotten—the right to have certain links removed from search results—to encompass global search results. The debate centers on the assumption that the expansion will increase the incidence of link removal, which reinforces privacy while hampering free speech. We develop a game-theoretic model to show that the expansion of the right to be forgotten can reduce the incidence of link removal. We also show that the expansion does not necessarily enhance the welfare of individuals who request removal and that it can either improve or reduce societal …

Nebraska Monthly Economic Indicators: April 21, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 1.00% during March of 2017. This increase followed rapid increases in both January and February. Taken together, the three increases suggest that economic growth will be strong in Nebraska during the second half of 2017. Among the components of the indicator, business expectations were strong during March. The value of the U.S. dollar also fell during March, which is a positive sign for Nebraska’s export-oriented businesses, particularly in agriculture and manufacturing. In addition, manufacturing hours increased during March.