Economics Commons^™

The Impact Of Uncertainty On Data Revision, Pei-Ju Sung

Dissertations

Initial estimates of macroeconomic variables based on incomplete source data can be unreliable. Because of the methodology used by reporting agencies and the presence of reporting errors in the survey data, I argue that initial-released output estimates tend to be irrational and unreliable under uncertainty. Using U.S. nominal and real output real time data from 1985 to 2014 and the Economic Policy Uncertainty (EPU) index proposed by Baker et al. (2013), I investigate the impact of economic policy uncertainty on aggregate output data revisions, modeling the output revisions, and the effect of output data revision on inflation forecasts.

In Chapter …

Wmu Collaboration With Michigan State University: The American Economic Association Summer Training Program, Christine Moser

Academic Leadership Academy

Since 1974, the American Economic Association Summer Program and Minority Scholarship Program has prepared talented undergraduates for doctoral programs in economics and related disciplines, by offering a unique opportunity for students to gain technical skills in economics and conduct research with prominent faculty. This program has been exceptionally successful, and a recent study suggests that around 20 percent of PhDs awarded to minorities in economics over the past 20 years can be attributed directly to the program. Starting in 2016, the Economics Department at Michigan State University will host this program in collaboration with Western Michigan University.

Examining The Outcomes Of The Balanced Scorecard (Bsc) As An Integral Tool Of Public Sector: Reform In Selected Sectors Of The Oromia Regional Government, Tolla Berrisso Geda, Daniel Beyera

International Journal of African Development

Over the last two decades Ethiopia has been actively engaged in reforming its public sector in an attempt to make it more responsive, transparent, flexible, and compatible with the demand of its public and its constituencies to ensure good governance. Nevertheless, despite repeated comprehensive reform programs applied and acclaimed success stories by public authorities, the public outcry for responsive public service remains an outstanding challenge. Accordingly, this study aimed to examine the application of the Balanced Score Card (BSC) using a blend of survey and case study methods in 12 organizations selected from three major sectors in four major cities. …

Convalescent Serum Therapy As Rapid Advance Treatment For Ebola In West Africa, J Bankole Thompson Md, Phd, Patricia F. Mejabi Msc., Olugbenga O. Mejabi Phd, S Ahmed Tejan-Sie Md

International Journal of African Development

The 2014 public health crisis in Guinea, Liberia, and Sierra Leone has brought Ebola Viral Disease (EVD) to everyone’s attention. Discovered in 1976, this deadly disease infrequently struck in remote areas of Africa. This article will critically review the literature and describe the pathobiology, transmission, signs and symptoms, diagnosis, treatment, and prevention of EVDwhich, was predicted by the Centers for Disease Control to potentially infect 1.4 million persons in Liberia and Sierra Leone by January 2015 (“Questions and Answers”, 2014). Thankfully this worst case scenario did not occur and we may be experiencing natural burn out of the outbreak along …

Determinants Of Farm And Non-Farm Family-Controlled Child Labor, Kofi Acheampong

International Journal of African Development

Ninety five percent of the child labor in Africa takes place in private households where children are controlled by their relatives. While this is a major problem, the literature provides little discussion on the determinants of this form of child labor. To fill this gap, I examine the determinants of farm and non-farm family-controlled child labor using data from the 2009 Ghana Time Use Survey. The findings indicate that school networks, the education level of the head of household, and religion play important roles in determining children’s activities in both farm and non-farm work.

Ethnographic Study To Understand The Culture Of Technology Manufacturing In Ghana, Yao-Martin Donani

International Journal of African Development

Sub-Saharan African countries are characterized by low or absent technological growth. Scholars and the international community have endeavored to solve the long-standing problem, but none of these have produced the expected growth. While the rest of the world is advancing rapidly, Africa is noticeably lagging, even in comparison to other developing regions. It is apparent that previous international strategies cannot solve Africa’s technological underdevelopment This study argues that a solution to the problem depends on Africans, who must choose to want a solution and work towards it. An ethnographic study was therefore conducted to investigate the attitudes and worldview of …

Icts And Regional Economic Integration: An Anticipatory Scenario For The Horn Of Africa, Ali Noor Mohamed

International Journal of African Development

Development experts are telling increasingly fascinating stories about how human development indices (HDI) among the poor in Africa, Asia, and Latin America have been buoyed by the diffusion of ICTs (Information and Communication Technologies) over the last two decades. According to data compiled by the World Economic Forum, ICTs have facilitated faster and more reliable communication with regard to almost all important spheres of life including healthcare, education, agriculture, commerce, e-banking, the environment, etc. Perhaps the greatest impact of ICTs has been in their democratizing effect and their role in promoting gender equity, especially with regard to access to information …

False Consciousness As A Major Hindrance To Control Of Corruption In Africa, John O. Ouko

International Journal of African Development

Corruption is rampant in Africa despite the effort to fight it. An effective fight against corruption requires a clear and firm understanding of the factors that cause and conduce it. Using Kenya as an example, I will examine some of the social, economic, political, and legal factors that have been given as causal explanations of corruption. By focusing primarily on political corruption, I will argue that false consciousness among the masses and leaders has to be overcome for the fight against corruption to be effective, and, by extension, for meaningful development to take place in Kenya and many other African …

Challenges Facing Female Leaders Of Color In U.S. Higher Education, Fredah Mainah, Vernita Perkins

International Journal of African Development

Despite a myriad of challenges including the slow pace of rising to the top and the low compositional diversity in most university leadership, women of color are becoming increasingly visible in higher education leadership. This paper investigates the phenomena of the growing numbers of women of color in top positions, with the aim of debunking the myth of the invisibility of black women in leadership positions in higher education. The findings indicate that although women in the U.S. earn the majority of postsecondary degrees and 26.4% of college presidents are women, with 4.5% of them being women of color, women …

Editorial Note, Sisay Asefa

International Journal of African Development

No abstract provided.

International Journal Of African Development, Vol. 2, Issue 2

International Journal of African Development

Complete issue of International Journal of African Development, Volume 2, Issue 2 - Spring 2015.

Three Essays On Capital Regulations And Shadow Banking, Diny Ghuzini

Dissertations

The shadow banking sector is a sector that is comprised of financial intermediaries that do not have access to central bank funds and performs their activities outside the regular banking system. This sector had been rapidly growing in most developed economies. This dissertation focuses on the behavioral difference and interaction of the traditional and shadow banking sectors as displayed by the relative asset position of both sectors, their risk-taking positions, and their business-cycles properties.

The first essay examines the impact of minimum capital requirements on the share of shadow to total banking assets. Previous literature has argued that increased regulation …

Three Essays On Panel Data Estimation, Alexander Houser

Dissertations

This work discusses various aspects of panel data estimation. In chapter one, an algorithm for semiparametric random effects estimation is proposed. The performance of bootstrap-based confidence intervals for the proposed estimators are examined and found reasonable. The algorithm is also applied to a set of U.S. state level medical expenditure data to estimate the medical Engel curve. In the second chapter, the predictive performance of various parametric and semiparametric panel data estimators is compared on the same dataset of U.S. state level medical expenditures as well as out of sample forecast performance and bootstrap bias-corrected mean square errors of the …

Three Essays On Racial Wage Differentials In South Africa, Ochas Kashinge Pupwe

Dissertations

Wage gaps amongst the different racial groups in South Africa, have remained high post-apartheid. With the enactment and implementation of several empowerment programs aiming at reversing racial marginalization, it is puzzling to see the persistent wage gaps between the white minority and non-white majority. This dissertation seeks to ascertain factors that may account for the persistent wage gap.

The first essay tests for the presence of over-education and its effects on wage determination amongst South Africa’s racial demographic groups. The results indicate that whites were over-educated whilst marginalized populations exhibited significant levels of under-education in 1991 and 2011 and hence …

Economic Impacts Of The Fifa World Cup In Developing Countries, Mirele Matsuoka De Aragao

Honors Theses

Hosting mega events, which have traditionally been a privilege of developed nations, became an attainable goal for developing countries starting in 2008. This might seem to be a positive step, but there are speculations concerning the real benefits and expenses those games generate. The aim of this thesis is to investigate if it is recommendable for a developing country to host a World Cup. This question is answered through an analysis of the two previous World Cups in South Africa (2010) and Brazil (2014). The research involves comparing before and after data for both countries on government expenditure, labor market, …

Rural Land Rights And Security In Cultivated Highland Ethiopia: Incremental Reform But Persistent Uncertainty, Tesfaye Teklu

International Journal of African Development

There are important improvements in tenure stability and security of land rights over the years in administratively allocated land. These gains are due to the private efforts of individual landholders, and incremental policy and legal measures. However, there are still unmet demands for certainty in land rights because of inherent instability in tenure associated with rising excess demand pressure for land, temporal decay in value of use rights certificate, deficiency in design and practice of land expropriation and compensation laws, and weakness in land governance and rural of law.

Governance Of Land And Natural Resource For Sustainable Development In Botswana: Possible Lessons For The Agricultural And Tourism Sectors, David Sebudubudu, Patricia M. Makepe, Kgomotso Montsi, Keratilwe Bodilenyane

International Journal of African Development

Realizing sustainable development is a major challenge for most African countries. Economic growth in most African countries is largely centered on the extraction of natural resources, particularly minerals. Rather than facilitate development, the extraction of natural resources in most countries, has been a source of adverse outcomes. That is, natural resources led to ‘the resource curse’, partly because of bad governance and leadership. Through governance and leadership, Botswana emerged differently. The country transformed itself to a middle income status through the prudent utilization and management of mineral (non-renewable) resources; making Botswana one of the few resource rich countries that have …

Good Governance For Achieving Food Security In Ethiopia: Challenges And Issues, Mussie Ybabe, Sisay Asefa

International Journal of African Development

Although rice technologies have been introduced in Fogera district over the last two decades, farm household’s food demand was not met as expected. Sustained, intensified and coordinated rice research is the key to curb the problem but impaired due to lack of good governance coupled with weak institutional capacity. This has resulted snowballing effects like little or no discussion among/with farmers on good practices, successes/failures of technology adoption and input delivery; poor linkage of small farmers to market and knowledge gap in Development Agents. Therefore, this study identified and evaluated potential determinants of household food security with basic emphasis to …

The Impact Of Agriculture On African Civilization In The 21st Century, Andrew S. Targowski

International Journal of African Development

The purpose of this paper is to define the impact of agriculture on African Civilization in the 21^st century. The methodology is based on an interdisciplinary big-picture view of the African Civilizations. The multifaceted layers of civilizations will be analyzed as interdependent with the agricultural development of African societies. Among the findings are: Sub-Saharan Africa falls short of meeting its agricultural needs. Only one of two individual Africans has access to clean and enough water. Energy and supply of electricity are woefully inadequate and unreliable. Agriculture as a foundation for development and modernization for Africa is too limited. Environmental …

Governance And Private Investment In Sub-Saharan Africa, Idrissa Mohamed Ouedraogo, Pascal T. Kouman

International Journal of African Development

Africa is one of the world regions whose development potentials are particularly important. But despite this situation, Africa is one of the continents where poverty exists on a large scale. More than 44 % of the African population lives below the poverty line. Yet, various forms of development strategies have been designed and implemented in the African countries. In 1992, in its publication Governance and Development, the World Bank refers to the quality of government as the cause of the failure of several of these strategies. Attention is henceforth focused on how governments organize the management of state and …

Editorial Note, Sisay Asefa

International Journal of African Development

No abstract provided.

International Journal Of African Development, Vol. 2, Issue 1

International Journal of African Development

Complete issue of International Journal of African Development, Volume 2, Issue 1.

The Impacts Of China's Rise On The Pacific And The World 2015-16, Department Of Economics

Werner Sichel Lecture Series

All Lectures will be he.Id at: 2028 Brown Hall from 12 to 1:15 except the lecture on November 11 which will be held in Knauss 3502 .The 2015-16 Sichel Lecture Series Is co-directed by Professors Wei-Chiao Huang and Huizhong Zhou and Is co-sponsored by the Department of Economics, College of Arts and Sciences, and Timothy Light Center for Chinese Studies, WMU, andtheW.E. Upjohn Institute for Employment Research.Speakers: Dr. Murray Scot Tanner "The U.S. and the China Challenge", Professor Wing Thye Wop "An Assessment of Napoleon's Prediction that an Awakened China Would Shake the World", Professor Barry J. Naughton "Is there …

Economic Analysis Of Michigan Commercial Vehicle Enforcement Strategies, Randy José Jorge Díaz

Masters Theses

Transportation infrastructure is an essential component of a nation’s success as it allows efficient transportation of goods to all economic markets, providing economic stability and ensuring trade competiveness. Nearly 70 percent of all of Michigan’s freight is shipped by truck and Michigan is ranked eighth in the USA in terms of the value of its exports with $50 billion per year. Unfortunately, commercial vehicles also contribute to the deterioration of pavement, reducing air quality and potentially influencing road safety. To enforce commercial vehicle laws and regulations, most states utilize fixed weigh stations supplemented with other enforcement strategies. Although fixed weigh …

Three Essays On Gender Differences On Risk Preferences And Credit Market Constraints, Jyoti Rai

Dissertations

The disadvantages that women face in the financial market hamper their social and economic well-being. These disadvantages may arise from their own risk preferences or from financial market. The aim of this dissertation is to examine different aspects of the disadvantages that women face in the U.S Financial Market. In that light, I present three essays that analyze gender differences in risk preferences and credit market constraints. I use the Survey of Consumer Finances (SCF) data for all my empirical analysis.

In the first essay, I examine whether women exhibit greater financial risk aversion than men using attitudinal and behavioral …

Governance And Economic Development, Daniel Teferra

International Conference on African Development

This study defines the concept of governance from the stand point of property relationship between state and people. This relationship is crucial in determining the nature of a state and its capacity to conduct the business of economic development. The Author will provide historical experiences of different countries to support the thesis.

The Impact Of Agriculture On African Civilization In The 21st Century, Andrew S. Targowski

International Conference on African Development

The purpose of this investigation is to define the impact of agriculture on African Civilization in the 21^st century. The methodology is based on an interdisciplinary big-picture view of the African Civilizations developments and interdependency. Among the findings are: Sub-Saharan Africa’s only every second individual has an access to clean and enough water and electricity therefore agriculture is not productive and cannot reduce poverty and provide living sustainable environment. Practical implication: To develop agriculture as an economic engine for 65 plus nationally employed in this activity, first one must develop Integrated Infrastructure of Agriculture (IIA) at the …

Governance And Private Investment In Africa, Idrissa Ouedraogo, Pascal Kouman

International Conference on African Development

Africa is one of the world regions whose development potentials are particularly important. But despite this situation, Africa is one of the continents where poverty exists on a large scale. More than 44 % of the African population lives below the poverty line. Yet, various forms of development strategies have been designed and implemented in the African countries. In 1992, in its publication Governance and Development, the World Bank refers to the quality of government as the cause of the failure of several of these strategies. Attention is henceforth focused on how governments organize the management of state and govern …

Governance Of Land And Natural Resource For Sustainable Development In Botswana: Possible Lessons For The Agricultural And Tourism Sectors, David Sebudubudu, Patricia Makepe, Keratilwe Bodilenyane, Kgomotso Montsi

International Conference on African Development

Realizing sustainable development is a major challenge for most African states. Economic development in most African countries is largely centered on the exploitation of natural resources, particularly minerals. Rather than facilitate development, the exploitation of natural resources in most countries, has been a source of adverse outcomes. That is, natural resources led to ‘the resource curse’, owing in part to bad leadership and governance. Through good leadership and governance, Botswana emerged differently. The country transformed itself to a middle income status through the prudent exploitation and management of mineral resources; making Botswana one of the few resource rich countries to …

Effects Of Health Expenditures On Population Age Distribution And Labor Force Participation Rates: Empirical And Comparative Analysis, Jassim M. H. Al-Jebory

Masters Theses

Baby boom and population aging are the main features of the world population that are leading to child and elderly people in the labor force. Categorizing the world into low and high-income countries, the baby boom and child labor can be found in low-income countries, while population aging and elderly people in the labor force can be found in high-income countries. The cause of these features is declining rates of population and labor force ages 15-64, which is the most productive and active proportion. Health expenditures is one of the main factors that is associated with undesired trends of population …