Economics Commons^™

Altruistically Inclined?: The Behavioral Sciences, Evolutionary Theory, And The Origins Of Reciprocity, Alexander J. Field

Faculty Book Gallery

Altruistically Inclined? examines the implications of recent research in the natural sciences for two important social scientific approaches to individual behavior: the economic/rational choice approach and the sociological/anthropological. It considers jointly two controversial and related ideas: the operation of group selection within early human evolutionary processes and the likelihood of modularity—domain-specific adaptations in our cognitive mechanisms and behavioral predispositions.

Experimental research shows that people will often cooperate in one-shot prisoner's dilemma (PD) games and reject positive offers in ultimatum games, contradicting commonly accepted notions of rationality. Upon first appearance, predispositions to behave in this fashion could not have been favored …

Rationality, Decision Theories, And Thresholds: Implications For Environmental Valuation, Randall S. Rosenberger

Regional Research Institute Working Papers

The purpose of this paper is to promote a discussion about different theories of rationality and models of individual decision making, as well as the role of thresholds in the valuation of environmental management and policy issues. The intent of this paper is to provide some conceptual distinctions between models and theories in order to develop experiments that empirically test one or more of the issues raised herein.

An Integrative Hierarchical Framework For Environmental Valuation: Value Pluralism, Thresholds, And Deliberation, Randall S. Rosenberger

Regional Research Institute Working Papers

When assessing people’s values for the natural environment, a variety of methodological approaches may be required. This is because value pluralism negates the ability to reduce the various kinds of values to a single conception of value or super-value. Environmental valuation endeavors are defined by the question to be answered. However, for some people, the methodology employed may conflict with their perception of the issue and what values are most important to them, i.e., the methods employed are not globally incentive compatible with all modes of expressing one’s values. Therefore, any single disciplinary approach to environmental valuation may ignore these …

Quality Of Life Satisfaction: A Comparative Survey Analysis Of The Eastern Panhandle And Southern West Virginia Counties, James O. Bukenya, Tesfa Gebremedhin

Regional Research Institute Working Papers

The main objective of this paper is to analyze and report quality of life survey responses from a random sample of over 1028 individuals from 21 counties in West Virginia. The survey responses are drawn from a quality of life survey conducted in 2000. Perhaps the most interesting observation from the responses was not that differences exist among counties but that, in all counties, the level of satisfaction was remarkably high (over 50%). Only small fractions of individuals were explicitly dissatisfied, surprisingly in counties with the highest growth levels in per capita incomes.

Comparing Three Spatial Cluster Tests From Rare To Common Spatial Events, Ge Lin

Regional Research Institute Working Papers

In the past few years, several new tests for spatial clustering have been proposed. With ever increasing capability of GIS and wider availability of spatial statistic functions, spatial analysts are likely to face challenge of properly using these tests. Seemingly gaps also exist between the development of new tests and follow up evaluations against various assumptions. In this research note, I compare three cluster tests along a range of distribution from rare to common spatial events. The results not only revealed sensitive data feature that each test is designed to detect, but also clarified the interpretation based on the nature …

Environment And Trade: A Review Of Issues And Methods, Haixiao Huang, Walter C. Labys

Regional Research Institute Working Papers

This survey attempts to provide an overview of the major issues concerning economic interactions between environmental and trade policies. Such a review is necessary because of the pressure that the accelerated pace of globalisation is placing on environment and trade. Not only is world trade increasing rapidly but global industrialisation related to trade has spawned severe environmental degradation. As a consequence, growing numbers of researchers have attempted to analyse the linkages between these areas. This study attempts to provide a perspective on received and future research by employing a dual approach economic studies of the major environmental and trade issues …

Disability Legislation: An Empirical Analysis Of Employer Cost, Beth A. Loy, Tesfa Gebremedhin

Regional Research Institute Working Papers

As U.S. civil rights legislation, Title I of the Americans with Disabilities Act of 1990 (ADA) was created to eliminate workplace discrimination on the basis of disability. Using the United States as an example, this research analyzes the potential for disability legislation to laden employers with excessive cost burdens, specifically expenses from additional workplace injuries and illnesses. In addition, this study looks at the likelihood that employers compensate for these costs by cutting workplace sick leave benefits. Prior to the ADA’s implementation, U.S. employers had the fear of incurring excessive cost. The paper successfully counters this fear by looking first …

Site Correspondence Effects In Benefit Transfers: A Meta-Analysis Transfer Function, Randall S. Rosenberger, Tim Phipps

Regional Research Institute Working Papers

Several factors can affect the validity and reliability of benefit transfers. This paper proposes the existence of meta-valuation function and uses meta-regression analysis to estimate this function. The meta-valuation function controls for systematic effects of differences in sample and site characteristics on the magnitude of error associated with an experimental benefit transfer. Validity measures are derived through various specifications of multi-site and single-site travel cost demand models for hiking on a variety of trails in Colorado. The results show that some characteristics account for a large portion of error in the benefit transfer application. When the meta-regression analysis function is …

Growing The Economy Of Clay Country Through Industry Targeting: A Preliminary Analysis, David W. Hughes, Steven N. Zaricki

Regional Research Institute Working Papers

No abstract provided.

Seasonality, Nonstationarity And The Structural Forecasting Of The Index Of Industrial Production, Eugene Kouassi, Walter C. Labys, François B. Aka

Regional Research Institute Working Papers

In this paper we focus on two ‘STS’ models suitable for forecasting the index of industrial production. The first model requires that the index be transformed with a first and seasonal difference filters. The second model considers the index in its second difference filter, while seasonality is modeled with a constant and seasonal dummy variables. Tests designed to discriminate empirically between these two models are also conducted. Our results prefer the performance of the second model, particularly when the conventional ML estimation procedure is replaced by the ALS procedure. This process together with appropriate seasonal adjustment advances the possibility of …

Heterogeneity And Chaotic Dynamics Incommodity Markets, Catherine Kyrtsou, Walter Labys, Michael Terraza

Regional Research Institute Working Papers

The nonlinear testing and modeling of economic and financial time series has increased substantially in recent years, enabling us to better understand market and price behavior, risk and the formation of expectations. Such tests have also been applied to commodity market behavior, providing evidence of heteroskedasticity, chaos, long memory, cyclicity, etc. More recently the evaluation of empirical financial models suggests that chaotic structure in asset prices can result from the heterogeneity of trader’s expectations. The present evaluation of futures price behavior confirms that the resulting price movements can be random, suggesting noisy chaotic behavior. The root cause of this behavior …

Working Time In Comparative Perspective: Volume I - Patterns, Trends, And The Policy Implications For Earnings Inequality And Unemployment, Ging Wong Editor, W. G. Picot Editor

Upjohn Press

The chapters in this volume focus on weekly hours worked by individuals, including the recent changes in the distribution of weekly working time in Canada and the United States, the implications of the changing distribution of hours worked for earnings inequality, and efforts to reduce unemployment through mandated hours reductions.

Incremental Rop, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Damodaran, A. (2001). Corporate finance: Theory and practice. Hoboken, NJ: John Wiley & Sons. Photocopies with handwritten annotations on rate of return and marginal return on capital by A. Shaikh.

• Shaikh, A. (n.d.). Handwritten notes on Aswath Damodaran’s concept of marginal return on capital. Unpublished manuscript.

• Shaikh, A. (1995, August 3). Handwritten notes on arbitrage, the Gordon model, and stochastic cases, citing Dixit and Pindyck (1994). Unpublished manuscript.

• Shaikh, A. (1990, August). Handwritten notes titled Implications of my stock market hypothesis, discussing geometric Brownian motion with drift. Unpublished manuscript.

• Shaikh, A. (1995, August). Handwritten notes …

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Development Of Human And Physical Capital And Change In The Structure Of Exports In Developing Countries: An Analytical Study, Pritam Banjeree '01

Honors Projects

The objective of this paper is to look at how development of physical and human capital affects the structure of exports from developing countries. As a country becomes increasingly developed, it moves away from production in primary goods to production of manufactures. This structural change will also be reflected in its exports. The more developed a country is in terms of human and physical capital the higher will be its manufacturing exports. This hypothesis is tested empirically. Factors like education, per capita income, infrastructure and capital investment are used to capture human and physical capital development, while the percentage of …

A Case Of The Phillips Curve In The Formation Of A Monetary Union, Yuet Wen Wan '01

Honors Projects

The European Monetary Union was established in 1992 as part of an effort to bring economic integration to new levels by creating a common currency area for Europe -a monetary union that would abolish transaction costs of converting one European currency to another, and eliminating exchange rate variability and uncertainty among traders and investors. Since the formation of the European Monetary System in 1979, lowering inflation had become the main monetary policy priority. My research centers on the Phillips Curve, which implies that decreasing inflation rates would always be coupled with increasing unemployment rates. This study uses the trends of …

Explaining The Wage Gap Between Contingent And Noncontingent Workers, Nicole Skalski '01

Honors Projects

An important labor market trend is the rapid increase of the contingent workforce. Contingent workers are members of the workforce who do not perceive themselves as having an explicit or implicit contract for continuing employment. Under this definition, it is estimated that 6 million workers are classified as contingent. Researchers have discovered a pay gap between contingent and noncontingent workers. Hipple, in his 1998 study, argued that median earnings were $266 per week for contingent workers, compared with $444 for the noncontingents. The purpose of this project is to explore what causes this income differential by using the National Longitudinal …

Ethiopia Project Trade Module, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (1999, July). Folder cover for the Ethiopia project trade module [Unpublished folder cover].

• Shaikh, A., PhD. (n.d.). Passenger ticket receipt for Anwar Shaikh [Unpublished travel document].

• Shaikh, A., PhD. (n.d.). Fax cover page for the graduate faculty department of economics [Unpublished administrative document].

• Hailu, D., & Shaikh, A., PhD. (2001, October). Email correspondence regarding flight tickets to Addis Ababa [Unpublished email correspondence].

• Shaikh, A., PhD. (2001, October 17). Credit card authorization form for Arrow Travel and Tours [Unpublished administrative document].

• Shaikh, A., PhD. (n.d.). Photocopy of an American …

The Greater Boston Region: Industry Mix Affects Growth, David Terkla

Economics Faculty Publication Series

Overall prosperity in the Greater Boston region masks the extreme diversity among its cities and towns. Some areas have experienced robust growth in relatively high paying industries. Others have faced growth only in low-paying jobs, accompanied in many cases by a substantial decline in high-paying sectors. By examining the area’s five subregions in terms of industry types, wage levels, and employment growth, we begin to see reasons for these differences.

Economic Currents: The State Of The State Economy, Alan Clayton-Matthews

Public Policy and Public Affairs Faculty Publication Series

While the state’s economy is still growing, albeit at a much slower rate than in the 1990s, there is a risk of a serious deceleration of economic activity. The evidence we have still favors a “soft landing” for the economy, but the risks of recession appear to have risen substantially.

Nominal Loss Aversion, Housing Equity Constraints, And Household Mobility: Evidence From The United States, Gary Engelhardt

Center for Policy Research

This paper exploits the significant recent variation in United States house prices to empirically examine the effect on housing equity constraints and nominal loss aversion on household mobility. The analysis uses unique, detailed data from 1985-1996 on household characteristics, mobility, and wealth from the National Longitudinal Survey of Youth (NLSY79) matched with house price data from 149 metropolitan areas to estimate semiparametric proportional hazard models of intra- and inter-metropolitan mobility. There are five principal findings: (1) household intra-metropolitan own-to-own mobility responds differently to nominal housing losses than to gains; (2) nominal loss aversion is significantly less pronounced in intra-metropolitan own-to-rent …

Private Philanthropy And The Economics Of Public Radio, Arthur C. Brooks

Center for Policy Research

Public radio in the United States receives both direct and indirect government funding. Direct subsidies come in the form of lump-sum and matching grants, while indirect subsidies proceed from tax revenues foregone on deductible private donations. Each of these sources of government money impacts charitable giving to public radio. This paper estimates both of these effects, using data on a national sample of public radio stations in the United States from 1990-96. I find that public funding to stations has a positive impact on private giving, but this impact rapidly decreases as the level of government subsidies increases, ultimately becoming …

Youth Livelihood Opportunities In Egypt, Safaa El-Kogali, Nagah Hassan Al Bassusi

Poverty, Gender, and Youth

This report presents results from a quantitative and qualitative study on youth livelihood opportunities in Egypt. The study was motivated by growing evidence of increasing unemployment among the young at a time when new entrants into the labor force are also increasing at unprecedented rates. Egypt has a youth population of over 13 million aged 15–24—over a fifth of the total population. They constitute the largest segment of the economically active population. Whether this bulge of young workers entering the labor force is a “demographic gift” or a “demographic burden” depends in large measure on the policies that are in …

Integrating Environmentally Focused Experiential Learning Into The Curriculum: An Interdisciplinary Case Study, Bridget M. Lyons, Marion Calabrese, Teresa Ralabate

WCBT Faculty Publications

This paper details the use of a local environmental issue as a case study for an interdisciplinary project in an Economics and an English course.

Redefining The U.S. Hispanic Market: Generation N And American Society, Cindy L. Pino

Seton Hall University Dissertations and Theses (ETDs)

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Evaluation Of Neighborhood Progress, Inc.'S Community Organizing Support Program, Susan Hertzler Burkholder, Kathryn W. Hexter

All Maxine Goodman Levin School of Urban Affairs Publications

In 1998, the Sisters of Charity Foundation of Cleveland began a program-related initiative to increase the availability, affordability and quality of permanent, affordable housing units for low-income and underserved families and persons in Cuyahoga and Lorain Counties. The Affordable Housing Initiative will award approximately six million dollars to community organizations over a five-year period. As part of this initiative, the Foundation funded more than 25 grantees to undertake a variety of non-capital projects. The Maxine Goodman Levin College of Urban Affairs, Cleveland State University was asked to evaluate the overall initiative and the projects of each of the grantees.

Tutism Tutorial Eco 208s, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Tutsim commands and block syntax: Block syntax index and function group index [Guide]. (n.d.).

• Goodwin model file and graph [Computer printout]. (1986, October 3).

• Goodwin, R. M. (1967). A growth cycle. In C. H. Feinstein (Ed.), Socialism, capitalism and economic growth: Essays presented to Maurice Dobb (pp. 165–170). Cambridge University Press.

• Shaikh, A., PhD. (1986, October). Goodwin wage-employment cycle model [Handwritten notes].

• Hirsch, M. W., & Smale, S. (1974). Differential equations, dynamical systems, and linear algebra [Book excerpts]. Academic Press.

• Growth and cycles [Course outline and syllabus for Economics 208]. …

Thirwall's Law + Trade, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (2001, February). Re: My stock market research [Unpublished memorandum with charts on real rates of return, the stock market and new corporate investment, and actual and warranted price–earnings ratios].

• Shaikh, A., PhD. (n.d.). Exchange rate dynamics [Unpublished chart].

The Market For Medical Ethics, Maxwell Gregg Bloche

Georgetown Law Faculty Publications and Other Works

At the core of Kenneth Arrow’s classic 1963 essay on medical uncertainty is a claim that has failed to carry the day among economists. This claim—that physician adherence to an anti-competitive ethic of fidelity to patients and suppression of pecuniary influences on clinical judgment pushes medical markets toward social optimality—has won Arrow near-iconic status among medical ethicists (and many physicians). Yet conventional wisdom among health economists, including several participants in this symposium, holds that this claim is either naïve or outdated. Health economists admire Arrow’s article for its path-breaking analysis of market failures resulting from information asymmetry, uncertainty, and moral …

Kesehatan Sebagai Suatu Investasi, I Dewa Gede Karma Wisana

Jurnal Ekonomi dan Pembangunan Indonesia

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Determinan Pertumbuhan Ekonomi Regional: Studi Empiris Antar Propinsi Di Indonesia, Yusuf Wibisono

Jurnal Ekonomi dan Pembangunan Indonesia

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