Economics Commons^™

Barriers To Health Care Access For Refugees In Cache County, Utah, Michael Timo Hoggard

Undergraduate Honors Capstone Projects

The United States has a rich history of resettling refugees. The United States resettled hundreds of thousands of refugees at the conclusion of World War II, and has resettled more than 3 million refugees since 1975 (Refugee Council USA, 2016). A refugee is a forcibly displaced person who will not or cannot return to their country of origin because of fear of physical harm or persecution (United Nations, 1951). Refugees are distinct from other forms of immigrants in many ways: refugees do not choose their country for resettlement, they receive government assistance upon arrival, their residency and work permits are …

Price Volatility And Structural Breaks In U.S. Dairy Markets, Morgan James Baldwin

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper examines whether price volatility has increased for the all-milk price and milk margin over the past 25 years. It focuses on the impact of export and attempts to establish the existence of structural changes in the market. Various models are applied to analyze the stated question and results discussed. This paper finds that there was a distinct structural break in the milk price and possibly in the milk margin. Trade has limited correlation to volatility in the milk margin and milk price.

The Relationship Between Water Shortage Concern And Age In Utah, Viviane S. Baji

Undergraduate Honors Capstone Projects

It is unclear whether current water supplies in Utah will be able to accommodate the needs of the future. Population in the state is expected to double by 2050 and climate change models predict declines in water availability in the region. Public perceptions of the adequacy of the water supply (and concerns about potential shortages) are key factors that could influence water use behaviors and support for public policy interventions. This paper explores the research question: "Are young people in Utah more concerned about water shortages than older cohorts?" It was expected that young people would be more concerned about …

The Affordable Care Act And Health Care In America, Michael Ryan

Undergraduate Honors Capstone Projects

What you are about to read is a final project meant to incorporate ideas from my undergraduate coursework with my interests in medicine and economics. Issues in health care, especially insurance, fascinate me and I chose to use my Honors Capstone Project as an opportunity to further my understanding of issues important to me as both a future physician and businessman. The purpose of this paper is to practice critical and analytical thinking skills by exploring some of the challenging issues surrounding American health insurance and the Affordable Care Act while also gaining a deeper understanding of the nuances of …

A Look At The Controversies Of The United States Export-Import Bank, Bo A. Johnson

Undergraduate Honors Capstone Projects

The Ex-Im Bank is the official export credit agency of the United States. The Bank was established in 1934 to aid a depressed economy and foster global trade. Ex-Im was mandated to improve economic conditions and international trade by providing financial assistance where the private sector fell through, while not competing against private firms. The bank has four main tools to perform its responsibilities - direct loans, loan guarantees, working capital financing, and credit-export insurance.

The Ex-Im Bank has enjoyed a long history of strong bipartisan support. Opposition surfaced in the late 2000's leading to an Ex-Im temporary shutdown. The …

The Opm Data Breach: Lessons Learned, Michael Wheat

Undergraduate Honors Capstone Projects

In 2015 the federal government announced the largest data breach in United States government history. The Office of Personnel Management (OPM) was hacked, and the personal information of more than 25 million American people was lost to foreign attackers. This incident has spawned concern and outrage about the security of government data in the emerging digital age.

Moving forward from the breach questions remain about how this event happened. It's clear that there were weaknesses that were taken advantage of by malicious threats abroad, and investigations into the attack have yielded surprising results. Not only was the security in place …

Entrepreneurs' Perceived Factors Of Success And Barriers-To-Entry For Small Business And Farm Operations In Rural Paraguay, Braden J. Jensen

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Both agriculture and nonagriculture activities are important for Paraguay's economy and its rural development plan. Ensuring opportunity for successful enterprise creation and expansion will facilitate new business entrance, while also growing rural economies. Past research has identified many factors that contribute highly to business and farm operation success, though little information exists about the perceptions of would-be entrepreneurs.

This study analyzes perceptions and characteristics of young, would-be entrepreneurs and agriculture producers in rural Paraguay to better understand their views of business/farm success and hurdle factors. Results suggest that increased experience, education and business exposure will decrease perceptions of many barrier …

Three Essays On Big-Box Retailers And Regional Economics, Denis Peralta

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Throughout the years, big-box retail stores such as Wal-Mart and Target have become the focus of many studies researching their impacts on local economic outcomes (i.e. employment, wages, poverty level, food prices, etc.) within specific regions, states, counties and localities in the U.S. This dissertation covers three closely related topics in regional science: (i) the dynamic interrelationship among the presence of the big-box stores, retail wage, and employment, (ii) the impact of the big-box retailers on personal income growth, and (iii) the dynamic interrelationship between the presence of the big-box retailers and personal income growth. The research draws important insights …

How Good Intentions Backfire: Failures And Negative Consequences Of Federal Environmental Policies, Jordan K. Lofthouse

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This thesis is meant to dispel the myths that surround federal environmental policies. The research object of this project is to show that the formation of environmental policies is not altruistic, and the outcomes of these policies often have negative side effects that policymakers and the general public should recognize.

During my time as an undergraduate, I studied environmental geography, which also included environmental policies. We would research environmental problems, but the solution to these problems always seemed to be another government policy. I began to wonder why environmental problems never seemed to actually get better. Once I began my …

The Market Potential For Food And Agricultural Tourism In Utah, Miranda Bradshaw

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Tourism is one of the largest and most economically important industries in Utah. Local businesses and government agencies may increase their tourism-related profits through targeted marketing and product development. As tourists may differ from one another in terms of trip planning, party size, the activities they participate in, and more, it is important to understand who tourists are. The primary research purpose of this study was to explore and better understand the different types of tourists who visit Utah.

Data on tourists were collected through an in-person survey. This data was then used to place tourists into groups according to …

Fear-Based Policymaking: How Government Agencies Exploit Mortality Risk Perceptions, Alecia M. Hunter

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The objective of this thesis is to explore how government policymakers use distorted Value of a Statistical Life (VSL) calculations for their personal benefit. The VSL estimates how much a large group of citizens would jointly pay to save the life a one random person from a fatal disease. The VSL is used by government agencies like the Environmental Protection Agency. Agencies use the VSL in benefit-cost analyses to help determine potentially favorable life-saving policy from wasteful policy. Despite the well-intentioned objectiveness and decisiveness of the VSL, the political framework incentivizes miscalculated and exaggerated VSL estimates. Public choice theory addresses …

Political Parties And Direct Democracy: An Analysis Of The 2015 Greek Referendum, Megan E. Hansen

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

On July 5, 2015, Greek voters were asked to vote on whether the country should accept the terms of austerity offered by the European Union for bailout from the country’s financial crisis. With a turnout rate of 62.5% overall, 61.3% of Greeks voted “no.” While a majority of voters in every district opposed the bailout’s terms, the margin against the proposed austerity measures ranged from 51.2% in Lakonias to 73.8% in Chanion. This paper explores whether political parties influenced Greek voters’ decisions to accept or reject the EU's budgetary reforms. We first review the literature relevant to that question, focusing …

The Effects Of Federal, State, And Private Oil And Gas Ownerships On County Wages In The Intermountain West, Benjamin A. Crabb

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Advances in drilling technology and resource prices contributed to a boom in oil and natural gas production in the Western U.S. in the first decade of the 2000s. Following the boom, a strain of state-level legislation emerged calling for the transfer of federal lands to the states. A justification for the proposed transfers is the claim that state management will increase oil and gas production, resulting in improved economic outcomes. However, a substantial literature indicates that dependence on mineral wealth can be a problematic development strategy which may result in slower economic growth and other undesirable socioeconomic outcomes. The role …

Three Essays On Us Agricultural Insurance, Taehoo Kim

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Agricultural insurance programs such as crop insurance and Dairy Margin Protection program (MPP-Dairy) are managed by United State Department of Agriculture (USDA). The objective of these programs is to help farmers manage their financial risk. Agricultural insurance programs have played an important role for farmers in terms of maintaining farm profitability. There are several potential problems with insurance programs, such as moral hazard and adverse selection, which make them inefficient.

With respect to these problems, three research gaps are identified: i) moral hazard in prevented planting (PP), ii) choice of PP and planting a second crop, and iii) selecting margin …

Experience And Worker Flows, Aspen Gorry

Economics and Finance Faculty Publications

This paper studies the role of worker learning in a labor market where workers have incomplete information about the quality of their employment match. The amount of information about the quality of a new match depends on a worker’s past job experience. Allowing workers to learn from experience generates a decline in job finding probabilities with age that is consistent with patterns found in the data. Moreover, workers with more past experience will on average have less wage volatility on new jobs, which is also consistent with the data. In contrast to the fact that the cross-sectional wage distribution fans …

Barriers To Health Care Access For Cache County Refugees, Michael Hoggard, Julie Gast

Research on Capitol Hill

There are over 300 refugees resettled in Cache County, Utah (figure 2). Despite coming from different cultural and ethnic backgrounds, the Cache County refugee population shares similar circumstances in regards to access to health care:

(a)96% of working adults are employed at the same job
(b)Refugees have access to the same social services
(c)None of the refugee populations speak English as a native language.

The purpose of this study is to understand key physical, structural and cultural barriers that prevent Cache Valley refugees from

(a)Utilizing work-provided health insurance or Medicaid when seeking medical treatment and
(b)Seeking necessary medical procedures.

Hyperbolic Memory Discounting And The Political Business Cycle, T. Scott Findley

Economics and Finance Faculty Publications

The vintage political business cycle framework of Nordhaus (1975) represents the idea that the macroeconomic business cycle is manipulated opportunistically by an incumbent government to achieve re-election. A key assumption in this prototypical framework is that voters discount their memories about unemployment and inflation at a constant rate. Yet starting with Ebbinghaus (1885) and Jost (1897), a large body of research in psychology documents an empirical regularity that has come to be known as Jost's Second Law of Forgetting-individuals discount recent memories at a higher rate compared to the rate at which they discount older memories. I find that incorporating …

Controlling Episodic Air Pollution With A Seasonal Gas Tax: The Case Of Cache Valley, Utah, Leo A. Moscardini, Arthur J. Caplan

Applied Economics Faculty Publications

Using daily data spanning 10 years, we establish a statistical relationship between episodic particulate-matter (PM_2.5) concentrations and vehicle trips in Cache Valley, Utah, and estimate an average gas-price elasticity for the region. We also estimate the benefits and costs associated with a seasonal gas tax set to reduce vehicle trips during the winter-inversion season and thereby lower health costs through concomitant decreases in the PM_2.5 concentrations. We find a strong positive relationship between vehicle trips reduced and associated reductions in PM_2.5 concentrations. Further, we estimate a mean gas price elasticity of approximately –0.3 in what we …

Assessing The Probability Of Bankruptcy, Jarom Heaps

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

Knowing whether or not a company is financial stable has always been a top concern for analysts and money managers. This paper compares the effectiveness of default prediction using two different types of measures: accounting and market based. Accounting measures have been the most popular even though, according to theory, a market based measure reflects all available information. Theory goes as far to say that accounting measures can add no incremental value to a market based measure. In my research I found that accounting based measures can be effective in their predictive power; the market-based measure (BSM) results were much …

Women, Higher Education, And The Labor Market: A Cross-Cultural Understanding Of The Impact Of Religion, Allison Fife Hale

Undergraduate Honors Capstone Projects

How do deeply-held cultural perspectives shape the desire and ability of women to pursue higher education and or careers? More specifically, how do predominant religious and cultural perspectives on the family, the role of women, and the role of education influence a woman's decision to obtain higher education and her perceived ability or desire to seek full-time employment upon graduation? To answer these questions, this research utilized a cross-cultural survey instrument to compare and contrast the perceptions of female, undergraduate students in one predominantly Muslim/Middle Eastern society -- Dubai, U.A.E -- and one predominantly Mormon/Western society -- Utah, U.S.A. We …

Three Essays In Trade And International Development, Nii Amon Neequaye

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This dissertation studies how society views corruption at different stages of economic development. It develops a theoretical framework that shows that at low levels of income or development, corruption increases and at high levels of income and development, corruption decreases. This theoretical proposition is also investigated empirically. The empirical analyses support the proposed theory and hint that fiscal policy, socioeconomic conditions, and incidences of war play significant roles in determining a country’s corruption level.

In addition, this dissertation also explores the relationship between merchandise and service trade. I show theoretically that the two are related and determined simultaneously. An empirical …

Climate, Latitude And Wealth, Trevor Greg Stringham

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

So many of the world's most impoverished nations are found in warm climate regions that some economists have referred to "tropical" as synonymous with "underdeveloped". In this paper I study the difference in GDP per capita throughout the world based on latitude, and show that there is a significant, positive correlation between distance from the equator and GDP per capita. I find that consumption is different in wealthier countries and that these differences are correlated with latitude. I use these differences in consumption as a new approach to evaluating the problem of what causes temperate climate nations to be rich …

Investment Performance Of Common Stock In Relation To Their Price-Earnings Ratios: Basu 1977 Extended Analysis, Jordan R. Tilley

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

In this study, the work of Basu 1977 is partly replicated using subsequent market data. A trading strategy of investing in assets based on their price-earnings ratio is back-tested, thus also testing the efficient market hypothesis. Market data over the past twenty-five years (1989-2014) was gathered, cleaned, and modeled to test for unexplained return to five portfolios ranked by PE ratio. The data was tested using the single-factor Capital Asset Pricing Model and the Fama-French three-factor model. The dataset was then decomposed by price and similarly modeled to test whether the effectiveness of using PE as a leading indicator is …

The Idiosyncratic Volatility Puzzle: A Behavioral Explanation, Brad Cannon

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The trade-off between risk and return is a fundamental principle in finance. In any finance class, one will likely hear the phrase, “the greater the risk, the greater the return.” The Capital Asset Pricing Model (CAPM), one of the most basic and well-known finance models, estimates the expected return of an asset assuming a positive relation between expected return and a single risk factor. Empirically, risk control variables such as the CAPM beta along with other risk factors associated with market cap, book-to-market ratio, and illiquidity are used when pricing assets. Finance is abundant in theories all supporting positive risk-return …

How Does Untimely Death Of An Executive Affect Stock Prices And Company Performance?, Yu Zhang

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The main purpose of this project is to investigate if the sudden death of an executive will affect the company’s stock price and/or performance, and to examine any other impacts of an executive’s untimely death. Are executives the most important person in a company? If so, how much is an executive worth in comparison to the company’s overall value? Is a CEO’s pay actually worth what the company is getting in return? Many researchers believe that the CEO and executives are the soul of a company, however, there is limited evidence to prove that hypothesis (Fama and Jesnsen, 1983). There …

Decimalization And Illiquidity Premiums: An Extended Analysis, Seth E. Williams

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

In this study I compare the illiquidity premium related to the bid–ask spread before and after the 2001 change to decimal pricing for New York Stock Exchange (NYSE) and Nasdaq stock exchanges. Theory predicts a contraction of the bid-ask spread with a move to more precise pricing, and this association is shown. A disparity between the NYSE and Nasdaq exchanges due to decimalization is shown. A portfolio analysis based on the relationship between the bid-ask spread and next month returns is back-tested, revealing a significant and positive risk-adjusted return for holding the portfolio of stocks with the highest bid-ask spreads. …

Discussing Economic Factors' Effects On Personal Saving Rate, Zhong Wang

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

Business capital and investment are increasingly moving abroad as globalization occurs, and worldwide economic integration is accordingly strengthened. The extremely low personal saving rate in the United States and the extremely high personal saving rate in China are always a concern for economists. This project uses data from the United States and economic and econometric methodologies to analyze and discuss several economic factors that affect the U.S. personal saving rate. The result shows that the housing and stock market booms, an increasing interest rate, and a decrease in the ratio of workers to retirees cause the decrease in personal saving …

An Empirical Analysis Of Customer Satisfaction In Short Selling, Brian Ramaeker

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

Using an event study along with basic linear regressions, this paper sets out to find if customer satisfaction factors into asset pricing, and if short sellers predict or react to the announcement, then capitalize on the mispricing. By using customer satisfaction data from the ACSI index and security pricing data from WRDS it is possible to test whether the absolute level of customer satisfaction factors into a short selling investor’s actions within the market, or if an increase or decrease in satisfaction from the previous year is recognized by short sellers.

Exploring The Relationship Between Utah's Wages And Utah's Real Estate Values, S. Scott Laneri

Undergraduate Honors Capstone Projects

This paper uses a variety of multiple regression analysis techniques to attempt to answer whether a direct relationship exists between Utah's employee wages and Utah's residential real estate values. Unexpected declines in real estate values can have seriously negative impacts on businesses, individuals, and local governments in Utah. Conversely, unexpected increases represent missed opportunities. Researchers have used various statistical and mathematical methods to explain or predict changes in real estate values, but no method has consistently predicted values for a long period of time or across multiple geographical areas. This paper focuses on exploring the relationship between variables in Utah …

The Affordable Care Act: Five Years Later, Andrew Dana Izatt

Undergraduate Honors Capstone Projects

The challenges facing the American health care system are well known and manifold. The United States pays substantially more for its health care than any other developed, industrialized nation. Per capita health care spending in 2012 was $8,745, up from $356 in 1970 without marked improvements in life expectancy, quality of life, or outcomes. But despite all of our health spending, large portions of our population go without health insurance. Being uninsured carries real consequences. A report published in the American Journal of Public Health, by researchers at Harvard Medical School, using statistics from the Centers for Disease Control and …