Economics Commons^™

Networked: An Investigation Into The Economic Contribution Of Manuel Castells, Darrick Brake

Dissertations

The central focus of this dissertation is contemporary network theory as discussed by Manuel Castells with an emphasis on his theoretical discussion on economic theory. This research centers on critically evaluating the works of Manuel Castells and discuss how his ideas on the theory of networks and the “network society” in relation to changes in the economic structure and information capitalism have made significant contributions to not only information society theory but also economic and sociological theory. This research was done as a two-part process in which there is a comparative analysis of the unique and underlying contributions contained within …

Political Economy Of Inequality: U.S. & Global Dimensions 2017-18, Department Of Economics

Werner Sichel Lecture Series

The 2017-18 Sichel Lecture Series is being directed by Professor Sisay Asefa & Professor Wei- Chiao Huang. The series is co-sponsored by the Department of Economics, College of Arts and Sciences, WMU, and the W.E. Upjohn Institute for Employment Research All lectures are free and open to the public. A light lunch reception will be available following each lecture. Speakers: Dr. Teresa Ghilarducci “The Political Economy of Retirement Time Inequality in the Organization of Economic Cooperation and Development (OECD)”, Dr. Charles Ballard “The Fall and Rise of Income Inequality in the United States”, Dr. James Hines Jr. “Income Inequality, Progressive …

Examining International Stock Market Integration: Effects On Portfolio Statistical Moments, Changes To Systematic Risk Significance, And Investor Purchasing Of Foreign Equities, Justin Kingsley Hanig

Dissertations

The internet provides individuals with the ability to find instantaneous information on nearly every corner of the earth. Increasing correlations of international stock markets suggests investors may use information from different parts of the world to assess the value of the assets they hold in their portfolios. This dissertation examines changes in international stock market behavior to identify the effects of international market integration across a time. More specifically, this dissertation studies the effects of integration on the ability of diversification to reduce risk and skewness of portfolios, how global-wide risks significantly impact country-level index returns, and the equity purchasing …

Three Essays Assessing Global Value Chain Fragmentation On International Trade Using The World Input-Output Database, Johanna Retana Attoh

Dissertations

The growing fragmentation of supply chains across countries have changed the way nations engage in international trade. Conventionally, studies have used data on exports to measure trade flows; however, the use of this type of data imposes many assumptions that might misrepresent the real world. For instance, the assumption that the supply chain of a product is confined in only the domestic country does not take into consideration the increasing number of foreign inputs needed to produce a final good. In this dissertation, I use the World Input-Output Database (WIOD), since this dataset allows one to track and decompose the …

Three Essays On Financial Constraints And Foreign Direct Investment, Todd Sarnstrom Ii

Dissertations

This three–essay dissertation makes contributions to the literature on foreign direct investment (FDI) and its relationship with collateral and the exchange rate. FDI refers to an investment made by a firm to establish or acquire a long–lasting interest in another firm operating outside its home country. Often, FDI involves substantial fixed costs that require the investing firm to seek external financing. Collateral has been identified as an important factor in the external financing of FDI. Firms lacking collateral are constrained in their ability obtain external financing. Exchange rates have also been identified as a factor in FDI. Exchange rate movements …

Three Essays On Informal Payments In The Health Care Sector In Russia, Alexandra Polovinka

Dissertations

Health care is one of the most corrupt sectors in Russia. In 2015 twenty percent of patients paid a bribe for the health care services once or twice, and thirteen percent more than twice (Russian Public Opinion Research Center, 2015). Using data on adults from over 5,000 households in Russia, this three-essay study analyzes out-of-pocket formal (official) and informal (unofficial, bribes) payments for the health care.

In the first essay, I study whether there is a difference in the amount of unofficial pay-ments across five types of health care services (ambulance, inpatient, outpatient, dental, and medical checkups) and two types …

The Effect Of Maternal Employment On Child Obesity, Bezawit T. Agiro

International Journal of African Development

Abstract

Obesity has been a major concern for the United States and most other industrialized countries over the past few decades. More than one third of children and adolescents in the United States are obese or overweight. Child obesity is of particular interest because overweight children are more likely to be overweight as adults, and such adults are exposed to various diseases. During the same period that witnessed an increase in child obesity, an important change that occurred was the increase in maternal employment. This study is an attempt to analyze the relationship between maternal employment and child obesity. This …

International Trade Effects Of Regional Economic Integration In Africa: The Case Of The Southern African Development Community (Sadc), Mengesha Yayo, Sisay Asefa

International Journal of African Development

Empirical studies on regional economic integration process in Africa exhibit sluggish progress, and there by limited level of intra-trade. The existing literature in Africa, particularly in the Southern African regional integration bloc, has neglected the effects of regional economic integration dealing with disaggregated data. This study analyzes trade creation and diversion effects of the Southern African Development Community (SADC) using disaggregated data. The investigation estimates an augmented gravity model using panel data and random effect estimator methods applying instrumental variables where needed.

The results show that intra-SADC trade is growing in the fuel and minerals and the heavy manufacturing sectors …

Collapsing Microfinance Institutions In Ghana: An Account Of How Four Expanded And Imploded In The Ashanti Region, Festival Godwin Boateng, Stephen Nortey, Jonas Asamanin Barnie, Peter Dwumah, Martin Acheampong, Eunice Ackom-Sampene

International Journal of African Development

The study inquired into the collapse of four microfinance institutions (MFIs) in the Ashanti Region of Ghana. It was found that the collapses primarily were due to unduly risky, unethical and illegal practices, mismanagement and disregard for due diligence, compounded by external factors like macroeconomic instabilities and panic withdrawals, which then pushed the risk levels of the MFIs beyond the point of containment. The paper argues that the 2013 macroeconomic crisis in Ghana only contributed to the pervasiveness of the collapses – the crisis was not a root cause.

Current Situation Of Agricultural Trade: What Effects Does It Have On Food Security In Africa?, Ismaelline Eba Nguema

International Journal of African Development

The history of food policy in Africa started with the beginning of independence with the adoption of the strategy based on the planned development model. However, the financial and administrative planning requirements were felt quickly. By the early 80s, the debt crisis led African economies to abandon the policy of self-sufficiency and to adopt a so-called liberal agro-food strategy. In this context, food security based on external trade and its requirements became integral parts of structural adjustment programs. Thus, Africa took a stand before the rest of the world in the controlling of extraversion. Despite mixed results, in January 1995, …

Reducing Marginalization Of Fishermen Through Participatory Action Research In The Zambezi Valley, Zimbabwe, Bernard Manyena, Andrew E. Collins, Frank Mudimba, Danisa Mudimba

International Journal of African Development

Equitable sharing of fishing resources has been the major source of tension between Zambezi Valley communities and the Zimbabwe government authorities since the 1950s following the Kariba Dam-induced resettlement. Using participatory action research, it was found that the fishing license system and criminalization of fishermen were the major sources of tension between fishermen and government authorities. Engaging with government authorities to address these tensions, fishermen were recognized as partners in the fishing industry. The conclusion was that enhancing community agencies through participatory action research would be fundamental towards creating socially just and equitable arrangements that could emancipate marginalized communities from …

Editorial Note, Sisay Asefa

International Journal of African Development

No abstract provided.

International Journal Of African Development, Vol. 3, Issue 2

International Journal of African Development

Complete issue of International Journal of African Development, Volume 3, Issue 2 - Spring 2016.

Three Essays On Finance, Agricultural Aid, And Development, James Squires

Dissertations

This work investigates several roles that financial development and agricultural aid have on economic development. In the first essay, I find that development of two of the major components of the financial sector—the banking sector and market sector—have a positive effect on incomes of the poor. In the second essay, I find a beneficial link between agricultural aid and agricultural productivity in that stable agricultural aid increases the Sharpe ratio for agricultural productivity. The third essay shows an agricultural productivity convergence across 140 countries. I do not find any evidence that agricultural aid has a supportive role in this convergence …

Essays On Portfolio Choice And Risk Management, Yi-Chin Hsin

Dissertations

Globalization increases the access to financial markets and provides expanding opportunities for investors to diversify internationally. As suggested by the Modern Portfolio Theory (Markowiz, 1952), rational investors should use one of the following two strategies to achieve portfolio diversification: (1) Investing in asset classes thought to have low correlations or (2) increasing the sizes of their portfolios in multiple markets. In the early 1970s, diversification was referred to as the “free lunch” in investment. However, French and Poterba (1991) show that investors still tend to hold a disproportionate part of domestic equities in their portfolios. This phenomenon is called “the …

Ez Timeout: The Business Plan, Simbarashe Chirara

Honors Theses

No abstract provided.

High Performance Bayesian Applications In Medical, Economics And Climate Sciences, Ahmed Almulihi

Research and Creative Activities Poster Day

We apply high performance numerical integration to problems in Bayesian statistics. These are applied to data arising in the analysis of problems in such areas as medical statistics (birth weight data, heart transplant data, photocarcinogen data, radio therapy data), climate (global weather, tornado data), and general statistics applications (multivariate logistic distribution, multivariate normal, nonlinear regression). We compute Bayesian moment integrals using the ParInt integration software that runs efficiently on computer clusters. We compare our results to those in the literature and show excellent performance with respect to accuracy and execution time.

Do Parties Matter? A Political Model Of Monetary Policy In Open Economies, Hulya Unlusoy

Dissertations

In this doctoral dissertation, I present an original political model of monetary policy in open economies that reframes the Mundell-Fleming model when party politics and long-term interest rates are examined with the three economic variables (monetary policy autonomy, capital mobility, fixed exchange rate) that form the basis of the Mundell-Fleming model. The Mundell-Fleming model explains that there is no monetary policy autonomy in the short term under high capital mobility and a fixed exchange rate system. To see whether I arrive at a different conclusion than the Mundell-Fleming model, I pose the following two research questions: 1. What explains variations …

Immigration Policy Today 2016-17, Department Of Economics

Werner Sichel Lecture Series

All Lectures will be held in: 2028 Brown Hall from 12 to 1:15. All the lecture are free and open to the public. A light lunch reception will be available following each lecture. The 2016-17 Sichel Lecture Series is directed by Professor Susan Pozo and is co-sponsored by the Department of Economics, College of Arts and Sciences, WMU, and the W.E. Upjohn Institute for Employment Research. Speakers: Professor Steve Trejo "Socioeconomic Integration of U.S. Immigrant Groups Over the Long Term: The Second Generation and Beyond", Professor Hillel Rapoport "Tradable Refugee-Admission Quotas and Matching: Combining Physical and Financial Solidarity in Asylum …

Werner Sichel Lecture Series History 1963-2016, Department Of Economics

Werner Sichel Lecture Series

Overview of the Werner Sichel Lecture Series Speakers from 1963-2016.

Export Barriers And Competitiveness Of Small And Medium-Sized Enterprise In Developing Countries: Case Study In Ethiopian Leather Footwear Manufacturing Firms, Gebreyohannes Gebreslassie Gebrewahid

International Conference on African Development Archives

Export is one of the most important business activities that play a significant role for economic development of nations. Hence, this study aimed to investigate the export barriers and export competitiveness of the Ethiopian Leather Footwear manufacturing firms in particular and the industry in general. Purposively, 100 respondents were selected from 15 exporting firms in the leather industry. In addition, interview was held with some top managers and owners to collect more detail information. The survey data is analyzed using factor analysis and MDS techniques. Using factor analysis, 10 conceptually linked components were empirically identified. Both factor loadings and factor …

Increasing College Opportunity: School Counselors And Fafsa Completion, Laura Owen, Erik Westlund

Journal of College Access

Closing postsecondary opportunity gaps has become a national, state and local educational priority. To help eliminate these gaps, the US Department of Education initiated a project that provided real time student level Free Application for Federal Student Aid (FAFSA) completion status to large urban school districts. Leveraging this information, school counselors identified and supported students and families as they navigated the financial aid process, resulting in statistically significant impacts on FAFSA completion and college attendance.

Partners Diversification And Exposure Of African Countries To International Crises: The Case Of Kenya, Giscard Assoumou Ella

International Journal of African Development

The objective of this paper is to characterize the exposure of Kenyan's income to international income, monetary and price shocks. The results suggest that the partners’ diversification permits them to resist to international shocks. In fact, Chinese conjuncture tends to be less exposed to OECD countries' income and inflation shocks. Also, income in this country more depends on domestic investment and household consumption, in comparison to the exposure to OECD country shocks. In this context, we observe that the exposure of Kenyan income to OECD shocks regresses when the dependence to Chinese conjuncture progresses.

Examining Human Capital Capacity’S Influence On Human Development And Poverty Reduction In Sub-Saharan Africa, Theodore J. Davis Jr.

International Journal of African Development

The aim of this paper is to examine and expand our focus on human capital capacity building as a foundation for poverty reduction in Sub-Saharan Africa. The data showed significant differences in the human capital capacity building characteristics as measured by demographic, education and gender equality characteristics. In analyzing select human capital capacity building markers, the findings suggest that the educational indicators were among the strongest in explaining the variation in human development in Sub-Saharan Africa. The findings showed that gender inequality was a serious inhibitor of human development in Sub-Saharan Africa. Overall, the Sub-Saharan nations with the lowest level …

Deindustrialization In Africa, Richard Grabowski

International Journal of African Development

Economic growth in Sub-Saharan Africa has been characterized by deindustrialization. Conventional economists argue that this is due to a bad environment for business decision making. This paper provides a classical explanation for deindustrialization, the failure to solve the food problem. That is, food staple prices have risen rapidly resulting in labor becoming costly, although physically abundant. This has prevented the evolution of a comparative advantage in labor intensive manufacturing. Structural change is an important element of the process of economic development, especially in the early stages. Productivity grows by shifting labor out of agriculture where productivity is low, and into …

Does Farmer Field School Training Improve Technical Efficiency? Evidence From Smallholder Maize Farmers In Oromia, Ethiopia, Admassu Tesso, Workneh Negatu, Sisay Asefa, Adugna Lemi, Bamlaku Alemirew

International Journal of African Development

This study carries out the impact evaluation of Farmer Field School (FFS) training program on the technical efficiency of smallholder farmers. The FFS program was sponsored by the Ethiopian government and launched in 2010 to scale-up best agricultural practices in the country. The study aims to compare changes in the technical efficiency of those FFS graduate and non-FFS graduate maize producing farmers in Ethiopia, Oromia. For this, panel data were collected in two rounds from 446 randomly selected households from three districts consisting of 218 FFS graduate farmers and 228 non-FFS graduate farmers. The analytical procedure has involved three stages: …

Inflation, External Market Performance And Government Policy: An Empirical Investigation Using Var-Vecm Approach In The Context Of Ethiopia, Nardos M. Beyene

International Journal of African Development

This study aims at determining the effectiveness of demand management policies in stabilizing the macroeconomic environment of Ethiopian economy. Inflation and Balance of Payments are used as the two indicators of stability. The researcher made use of Co-integrated VAR approach and estimates inflation and balance of payments equations. All together the researcher used data for the period 1976-2011. The findings of the study imply the existence of two-way relationship between inflation and balance of payments. Excess balance of payment surplus leads to inflationary pressures in the economy while inflation booming deteriorates the country’s external balance.

International Journal Of African Development, Vol. 3, Issue 1

International Journal of African Development

Complete issue of International Journal of African Development, Volume 3, Issue 1 - Fall 2015.

“Men Of Good Timber”: An Archaeological Investigation Of Labor In Michigan’S Upper Peninsula, Aaron Howe

Masters Theses

This study approaches the material assemblage of Coalwood, a cordwood camp that operated from 1900-1912 in Michigan’s Upper Peninsula, with a dialectal method and a theory of internal relations in order to understand how daily life was produced and reproduced. Common sense notions often see home and work as separate entities that only relate to one another externally. My archaeological and historical research abstracts domestic labor as a set of social relations that are dialectically and internally connected to the processes of capital accumulation. My archaeological analysis concludes that both productive and reproductive labor was conducted within the home and …

Defining Equity And Addressing The Social Determinants Of Equity In International Development Evaluation, Kelly N. Robertson

Dissertations

The purpose of equity-focused evaluation is to examine the relationship between the evaluand and (1) experiences of social groups with different levels of advantage/disadvantage, and (2) the social determinants of equity, which shape those experiences. Equity-focused evaluation has emerged within the field of international development evaluation because of an increased emphasis on equity in the achievement of international development goals. However, empirically based theoretical and practical guidance on equity-focused evaluation is limited. There has not been a detailed examination of how equity—the conceptual root of equity-focused evaluation—is defined and differentiated from similar concepts in the field, despite having important implications …