Economics Commons^™

Developments In The Banking Industry: Implications For The Future Of Bank Lending To Small Businesses, Myra Read

University Avenue Undergraduate Journal of Economics

This paper investigates the recent developments in the banking industry that are impacting small business lending. The first section describes the traditional lending relationship between banks and small businesses. An analysis of the application of credit-scoring to small businesses follows. The next section discusses potential uses of loan securitization. The final section examines the consolidation trend in the banking industry.

Politik Dan Perniagaan : Peranan Umno Dan Implikasinya Terhadap Sistem Sosio-Politik Melayu, Jamaie Hamil

Student Works (2000-2009)

This study discusses the role of UMNO and the involment of Malays in business, a field  foreign to the Malays for reasons of discriminatory colonial policies. Such policies has  led to the dual nature of the economy which further marginalised the Malays. Malay socio-economic backwardness has stirred a section of Malay intelectual and political  elites to send a clear message to the larger circle of Malay leaders and making them  aware of their responsibility in addressing the Malay socio-economic problems more  effectively. In expected to dominate the economic scene as well, an area formerly monopolized by the Chinese. Ethnic identification …

Health Care Financing In Malaysia, Zafar Ahmed

Student Works (2000-2009)

As the time passes the health care provision is getting more and more expensive. Traditionally the health care provision has been the duty of the governments, but because of increase in the cost of health care and fluctuation in the cost of health care, it is getting more difficult for the governments to maintain their role as health care provider. The governments want to become the regulators of health care services, rather than health care provider. The same is true for Malaysian government as well. This change of role is not that easy. Government has to consider many factors, the …

Microdata Panel Data And Public Policy: National And Cross-National Perspectives, Richard V. Burkhauser

Center for Policy Research

This paper focuses on the movement of data-based social policy analysis from a single-country cross-section frame to a multi-country panel frame. It provides examples of policy insights this movement to panel data has permitted, both with respect to economic well-being and behavior--using data from the Panel Study of Income Dynamics (PSID), the British Household Panel Study (BHPS), the German Socio-Economic Panel (GSOEP), and the Health and Retirement Study (HRS). It also suggests fruitful areas for future panel data-based policy research.

Chronic Illness And Health Insurance-Related Job Lock, Kevin T. Stroupe, Eleanor D. Kinney, Thomas J. Kniesner

Center for Policy Research

We examine job duration patterns for evidence of health insurance-related job lock among chronically ill workers or workers with a chronically ill family member. Using Cox proportional hazard models, we allow for more general insurance effects than in the existing literature to indicate the impact of health insurance and health status on workers' job durations. We use data for workers in Indiana predating the Health Insurance Portability and Accountability Act (HIPAA) to examine the potential impact of HIPAA on job mobility. Chronic illness reduced job mobility by about 40 percent among the workers in our sample who relied on their …

The Us School Breakfast Program: Short- And Long-Term Academic Effects, Chris Rohlfs

Honors Papers

This paper evaluates short- and long-term academic effects of the US School Breakfast Program (SBP). The paper divides into four sections: an introduction (page 4), a literature review (page 11), a statistical model (page 31), and an empirical model (page 38). In the first section, we cover general facts and details about the SBP. In the second section, we first review literature relevant to the SBP (supply, demand, and short-term effects studies). Next, we explore studies of the long-term effects of schooling and of school quality. Many of the techniques and information from these studies relate to our discussion of …

Asset Price Inflation- Theory, History, And An Alternative Model, Christian Fitchett

Honors Papers

This paper takes a different approach by developing a model based on the boom and bust cycle of Japan during the mid to late 1980's, using currently accepted theory. In section II, I review the general characteristics of asset bubbles to familiarize the reader and offer some historical examples. Section III offers a review of many of the theoretical papers on asset bubbles, as well as empirical papers, which involve similar phenomena in order to gain some insight in building the model. In section IV, I build a theoretical model. Section V begins preliminary testing to examine this theory and …

Ben S. Bernanke, Thomas Laubach, Frederic S. Mishkin, And Adam S. Posen, Inflation Targeting (Book Review), Lucjan T. Orlowski

WCBT Faculty Publications

The volume by Bernanke, Laubach, Mishkin, and Posen provides a comprehensive examination of inflation targeting practices of nine countries: Germany, Switzerland, New Zealand, Canada, the United Kingdom, Sweden, Israel, Australia, and Spain.

Banking Paper And Notes And Data, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1996, September 23). Notes on the demand for and supply of bank reserves [Handwritten notes].

• Shaikh, A. (1996, September 24). Notes on the classical theory of banking and finance [Handwritten notes].

• Shaikh, A. (1996, September 26). Notes on banked finance [Handwritten notes].

• Shaikh, A. (2000, March 2). Graph: Incremental profit rates of financial and nonfinancial corporations [Manuscript page with handwritten note].

• Shaikh, A. (n.d.). Handwritten notes on revisions for a paper discussing arbitrage, profit equalization, and markup theory [Manuscript notes].

• Shaikh, A. (n.d.). Graph: Money measures, relative to GDP (log scale) [Manuscript page].

• Ritter, L. …

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Structural Transformation And Economic Growth In Hong Kong : Another Look At Young's "A Tale Of Two Cities", Hiroyuki Imai

CAPS Working Paper Series

Young (A Tale of Two Cities, 1992 and the Tyranny of Numbers, 1995) demonstrated, based on the data from the 1960s to the 1980s, that the total factor productivity (TFP) growth since the mid-1980s owed much to the establishment of the cross-border division of labor in which Hong Kong relocated manufacturing to the Mainland and provided support and entrepot trade services in the form of service exports. Nevertheless, growth since the 1980s came largely from the declining manufacturing sector. The expanding services sector’s TFP growth, whether tradable or not, has been low. Hong Kong’s annual TFP growth rate dropped below …

Major Investment Study: East Los Angeles' Quest For A Rail Line, Joanna Cucchi

Whittier Scholars Program

This project provides a literature review of the environment, social equity, and planning theory of East LA which discusses pollution to politics of public transportation. This study then branches off to discuss East Los Angeles and the alternatives and process of deciding on transportation. Further details are provided about public part and designicipation with concerns of the community and their opinions as well as technicalities such as cost and effectiveness. Attached at the rear is an appendix of maps and technical drawings.

Macroeconomic Announcements, Volatility And Interrelationships: An Examination Of The Uk Bond And Stock Markets, Bradley Jones

Theses : Honours

This study covers considerable ground and touches on a range of issues in a rigorous investigation of the intraday and end-of-day behaviour of I JK stock index and interest rate futures contracts. Firstly, the paper uses S-minute data in an initial examination of the response of the Short Sterling, Long Gilt and FTSEI00 to the release of macroeconomic announcements (assisted with the application of GMM). Secondly, in an analysis of intraday patterns in returns and volatility a GARCII(I,I) framework is employed, so that further inferences are made robust to time-varying variance. Finally, the paper draws upon some of the latest …

An Analysis Of Option Pricing Under Systematic Consumption Risk Using Garch, Alex Georgievski

Theses : Honours

We aim to test two things. Firstly, whether accounting for the persistence in volatility decreases the errors between the option prices implied from our models and the observed option prices and secondly, whether the pricing errors are reduced when you allow for the fact that consumption is correlated with returns on the underlying asset. Three option pricing models are developed and tested. 1-The Black and Scholes option pricing model, 2-The GARCH (1,1) model under risk neutrality and 3- The GARCH (1,1) model under systematic consumption risk, using recent daily data on traded options on the FTSE 100 share price index. …

Approximation Model Building For Reliability & Maintainability Characteristics Of Reusable Launch Vehicles, Resit Unal, W. Douglas Morris, Nancy H. White, Roger A. Lepsch, Richard W. Brown

Engineering Management & Systems Engineering Faculty Publications

This paper describes the development of parametric models for estimating operational reliability and maintainability characteristics for reusable launch vehicle concepts, based on vehicle size and technology support level. A reliability and maintainability analysis tool (RMAT) and response surface methods are utilized to build parametric approximation models for rapidly estimating operational reliability and maintainability characteristics such as mission completion reliability. These models that approximate RMAT, can then be utilized for fast analysis of operational requirements, for lifecycle cost estimating and for multidisciplinary design optimization.

Employee Benefits And Labor Markets In Canada And The United States, William T. Alpert Editor, Stephen A. Woodbury Editor

Upjohn Press

Alpert and Woodbury present a comprehensive set of explorations into the impacts that the provision of various types of employee benefits (or lack thereof) have on labor markets. And while there are, as the editors point out, substantial differences between the employee benefits systems of Canada and the U.S., these differences showcase the impacts of specific policies related to employee benefits on labor markets.

Agro-Socio-Economic Evaluation Of Three Rural Communities In The Colta Canton Of The Chimborazo Province, Ivan Asaquibay Paucar

Theses and Dissertations

The faculty of natural resources, School of Agricultural Engineering of ESPOCH, with an agreement since 1992 with the Benson Institute of Brigham Young University has been working with the development of small scale production before its diffusion it is necessary to know the real social- economic conditions and the technological levels of the most important harvests of the communities, that when this model is involved in the aspects that affect the production. For this reason this investigation was made necessary in which the following objectives were raised: 1. Evaluate the social-economic conditions of the communities of San Lorenzo of Cahuiña, …

Changes In Income Inequality Within U.S. Metropolitan Areas, Janice Fanning Madden

Upjohn Press

In studying MSA data that link the characteristics of metropolitan economies to significant changes in income inequality, Madden is able to study changes in poverty rates, household income inequality, and wage inequality within 182 of the largest MSAs and to identify what she says are the three factors most likely to influence changes in income inequality in metropolitan areas.

Rent, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Ricardian margin and rent: (“Labor only” model). (n.d.). [Handwritten notes]. Unpublished manuscript. (Anwar Shaikh, PhD, author).

• Schefold. (n.d.). [Handwritten notes]. Unpublished manuscript. (Anwar Shaikh, PhD, author).

• Notes with graphs on prices, rent, and a demand curve. (n.d.). [Handwritten notes]. Unpublished manuscript. (Anwar Shaikh, PhD, author).

• Notes discussing rent as a marginal product of land and the supply and demand function. (n.d.). [Handwritten notes]. Unpublished manuscript. (Anwar Shaikh, PhD, author).

• Journal of Economic Literature page. (1986, March). [Journal page]. American Economic Association.

• A few comments on the …

The Economics Of Sports, William S. Kern Editor

Upjohn Press

The contributors to this book, all economists at the forefront of the movement to study the economics of sports, show how a host of contemporary economic issues come into play in today's world of sports. These issues include industrial organization, influences on labor markets, monopsony power, the behavior of cartels, local economic development policies, and price discrimination.

Brenner Article Theory, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (n.d.). Handwritten notes on Brenner on FROP and the real profit–output ratio [Unpublished handwritten notes].

• Shaikh, A., PhD. (n.d.). Printed graphs including output/capital and profit rates for Japan, the United States, and Germany, and bank failures in the United States [Unpublished printed graphs].

• Michl, T. R. (n.d.). Curriculum vitae [Unpublished curriculum vitae].

• Shaikh, A., PhD. (1999, October 8). File directory: GF computer prior to Windows NT upgrade [Unpublished printed file directory listing].

• Shaikh, A., PhD. (n.d.). Handwritten notes for an AEA presentation titled “I: what is Brenner’s argument” [Unpublished …

Contracts And Costs In A Corporate/Government System Dynamics Network: A United States Case, F. Gregory Hayden, Steven R. Bolduc

Department of Economics: Faculty Publications

Social scientists have come to understand that society is a set of integrated values, beliefs, institutions, technology, and ecological systems as explicitly laid out in Figure 1 (Hayden 1988, 1997). Societal integration and organization takes place through the on—going processing of overlapping institutions and their organizations. The components of transorganizational frameworks, as demonstrated in Figure 1, create and structure the networks within which organizations such as business corporations and government agencies function. “Trans” as used in this sense means across. Across organizational networks normative criteria are provided by social beliefs, technology, and ecological systems (Hayden, 1998). From basic criteria, numerous …

The Economics Of Residential Solid Waste Management, Thomas C. Kinnaman

Faculty Journal Articles

This paper provides a broad overview of recent trends in solid waste and recycling, related public policy issues, and the economics literature devoted to these topics. Public attention to solid waste and recycling has increased dramatically over the past decade both in the United States and in Europe. In response, economists have developed models to help policy makers choose the efficient mix of policy levers to regulate solid waste and recycling activities. Economists have also employed different kinds of data to estimate the factors that contribute to the generation of residential solid waste and recycling and to estimate the effectiveness …

The Term Structure Of Interest Rates In Australia : An Application Of Long Run Structural Modelling, Vicky Shimmings

Theses : Honours

The term structure of interest rates in Australia, using data of different types as well as frequencies covering the period 1991 (11) to 2000 (9), is investigated using a relatively new modelling strategy previously untested on Australian interest rate data. Developed by Pesaran & Shin (1997), this strategy incorporates long-run structural relationships in an otherwise unrestricted vector autoregression model (VAR). The long-run relationships included in the model are based on the Expectations Theory of the term structure. This model is then subjected to Granger-causality, generalised variance decompositions, generalised impulse response and persistence profile analysis, in the context of a vector …

Global Capital Flows: Maximising Benefits, Minimising Risks, Joseph P. Daniels

Economics Faculty Research and Publications

No abstract provided.

News Clippings 2000, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Holmes, S. A. (2000, September 27). Incomes up and poverty is down, data show. The New York Times.

• Chinese see pain and profit in new era. (2000, September 21). The New York Times.

• National news summary: Whitewater inquiry, Cheney on Iraq, Gore on drug makers. (2000, September 21). The New York Times.

• Henriques, D. B. (2000, September 10). The human side of a hedge fund's tumble [Review of the book When genius failed by R. Lowenstein]. The New York Times.

• Morgenson, G. (n.d.). Why a soft landing could be worse this time. Market …

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Unemployment Compensation And Older Workers, Christopher J. O'Leary, Stephen A. Wandner

Upjohn Institute Working Papers

Unemployment compensation in the United States is provided through a federal-state system of unemployment insurance (UI). UI provides temporary partial wage replacement to active job seekers who are involuntarily out of work. For older workers, UI is an important source of income security and a potential influence on work incentives. For many, the transition from full-time work in a career job to retirement is voluntary and orderly. For others, job displacement greatly disrupts plans. The transition often involves many intermediate steps. The chain of transitions may include full- or part-time work on another job which most often is not in …

Alternative Measures Of State Ui Systems, Christopher J. O'Leary, Robert Tannenwald, Wei-Jang Huang, Pei Zhu

Upjohn Institute Working Papers

Comparisons among state unemployment insurance (UI) systems can be misleading. Frequently quoted indicators of benefit generosity, tax cost, and adherence to the experience-rating principle are influenced by the relative economic conditions of states. Such comparisons thereby obscure underlying structural differences in state UI systems. A business considering alternative states in which to locate a production facility should be cautious when interpreting UI information in an economic developer's marketing pitch. This paper offers alternative indicators based on how representative firms, with a well specified unemployment experience, would fare in different states. The authors use a micro-simulation approach to model the experiences …

Helen Stuart Campbell, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Review Of Economics For The Common Good: Two Centuries Of Social Economic Thought In The Humanistic Tradition, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

The Millenium Survey, John B. Davis

Economics Faculty Research and Publications

Pryor’s Millennium Survey results need to be understood in the context of economists’ different economic models appropriate to different institutional frameworks. These variable/institutional framework subsystems in turn may be distinguished according to whether the variables involved exhibit considerable deviation from trend and whether significant institutional change is anticipated. One such subsystem, involving globalization, financial volatility, and income inequality, seems to be relatively independent of a subsystem made up of the domestic economy as a whole.