Economics Commons^™

The Great Divide: A Comparison Of Kentucky And Ohio Counties Along The Ohio River (1840-1860), Jennie Berry

University Avenue Undergraduate Journal of Economics

This paper operates under an opposite assumption and, instead, argues that the Kentucky-Ohio border is an ideal test case for the null hypothesis that the institution of slavery per se had no significant economic effects. Kentucky and Ohio counties tracing the Ohio River are composed of the same soil and face similar weather conditions (Blanford, 2001; Barnhisel, 2001; Foster, 2001). Both regions likewise claim the same geographical access to outside markets.

The Economics Of Dowry: Causes And Effects Of An Indian Tradition, Tonushree Jaggi

University Avenue Undergraduate Journal of Economics

I argue that dowries exist because of a combination of two reasons. First, there is an excess supply of women in the Indian marriage market that results in the use of dowry as an equilibrating mechanism. Secondly, a differential in the patterns of human capital accumulation of men and women have led to a larger positive benefit from marriage for women than for men, the net difference of which is theoretically equivalent to the amount of the dowry. Both these explanations for the existence of dowry are fundamentally grounded in the powerful social and cultural ideologies of marriage held by …

Relationships Among Wine Prices, Ratings, Advertising, And Production: Examining A Giffen Good, Carol Miu

University Avenue Undergraduate Journal of Economics

It has become increasingly popular for statistics to be used in the prediction of wine prices. In fact, the prices of mature wines produced in the Bordeaux region of France have been accurately predicted by vintage growing-season characteristics. This paper analyzes the relationships among wine prices, ratings, advertising, and production, using data obtained from a wine ratings magazine, Wine Spectator. It presents a model of wine price based on information about production quantity, vintage, country of origin, and wine type. This paper then examines the scoring method of Wine Spectator by evaluating the effects of wine price on wine rating. …

A Case Of The Philips Curve In The Formation Of A Monetary Union: A Glimpse At High Inflation Countries Of The European Monetary Union, Yuet Wen Wan

University Avenue Undergraduate Journal of Economics

This paper examines how disinflation in high inflation economies affects unemployment levels. According to Keynesian macroeconomic theories, a decrease in inflation will cause an increase in unemployment in the short run. Due to high inflation over the years among countries like Italy and Ireland, their expected inflation rate is significantly high. As a result, when the government starts a process of disinflation though restrictive fiscal and monetary policies, economic activity declines, and significant short run increase in unemployment follows.

The Effects Of Fiscal Decentralization On Health Care In China, Emily Yee

University Avenue Undergraduate Journal of Economics

From my analysis, I conclude that decentralization has not been detrimental to health care when health care performance is measured by the number of doctors per 10,000 people, mortality rates, and local health care expenditure. However, the effects of decentralization on health care are inconclusive when health care performance is measured by the number of hospital beds per 10,000 people.

This paper is divided into five sections. The first section discusses theories of federalism. The second section presents an overview of China’s economic reforms since 1980. The third section discusses the current state of health care in China and its …

Preschools And Privatization, Ellen B. Magenheim

Economics Faculty Works

No abstract provided.

Review Of "Changes In Income Inequality Within U.S. Metropolitain Areas" By J.F. Madden, Philip N. Jefferson

Economics Faculty Works

No abstract provided.

The Global Governance Of “Good Governance”: Financial Regularization And The Construction Of Transparency And Accountability, Benjamin T. Tolosa Jr

Political Science Department Faculty Publications

“Good governance” has increasingly become political-economic common sense — often articulated in the call for transparency and accountability. But the question is: transparency and accountability to whom and toward what end? This essay examines the normalization of “good governance,” particularly as it is expressed as a financial discourse of corporate governance that gives primacy to the maximization of “shareholder value” and the promotion of “investor confidence” in the capital markets. I argue that this global discourse privileges institutional investors who are empowered to hold all stakeholders accountable to market expectations and valuations. While the discourse is clearly not socially neutral, …

A Little Adam Smith Is A Dangerous Thing, Jonathan B. Wight

Economics Faculty Publications

Adam Smith was trying to counter medieval church theology, which held that any self-interested behavior was sinful and detrimental. Smith countered that self-interest could yield valuable outcomes for society as people pursued specialization and market trade. Much later these quotes would be used to justify the greedy and grasping personae of homo economicus, illustrating how a little Adam Smith can prove to be a dangerous thing. For example, Max Lerner in 1937 would say that Adam Smith "sanctified predatory impulses" and "gave a new dignity to greed." By the 1980s the movie Wall Street has the financial tycoon Gordon …

Multifractal Products Of Cylindrical Pulses, Julien Barral, Benoit Mandelbrot

Cowles Foundation Discussion Papers

A new class of random multiplicative and statistically self-similar measures is defned on IR. It is the limit of measure-valued martingales constructed by multiplying random functions attached to the points of a statistically self-similar Poisson point process in a strip of the plane. Several fundamental problems are solved, including the non-degeneracy and the distribution of the limit measure, mu; the finiteness of the (positive and negative) moments of the total mass of mu restricted to bounded intervals. Compared to the familiar canonical multifractals generated by multiplicative cascades, the new measures and their multifractal analysis exhibit strikingly novel features which are …

B2b Portal: Web-Enable Fulfillment System, Oi Ching Wong

Student Works (2000-2009)

The Web-enable fulfillment system is basically a web site that enables suppliers to automate and structure the order fulfillment process to help ensure that products and services meet or exceed customer’s exact requirements including quality, quantity and specifications. The intelligence of the system will be the server where all calculations and business rules are applies. Business-to-business (B2B) e-Commerce implies that both the sellers and buyers are business corporation. Purchase order is used as the system default as the business partners rarely use credit card for payment. Therefore, the order fulfillment process begins when an approved order is routed to the …

Inflation & Monopoly Expectations, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (n.d.). Inflation and oligopoly and monopoly explanations [Handwritten notes]. Unpublished manuscript.

• Stadnichenko, A. (1975). Monetary crisis of capitalism: Origin and development. New York, NY: Dunellen Publishing Company.

• Sawyer, M. (2001). Kalecki on imperfect competition, inflation and money. Cambridge Journal of Economics, 25(2), 245–261.

Bonus Impacts On Receipt Of Unemployment Insurance, Paul T. Decker, Christopher J. O'Leary, Stephen A. Woodbury

Upjohn Press Book Chapters

No abstract provided.

Do Uk Stock Prices Deviate From Fundementals?, David E. Allen, Y Wenling

Research outputs pre 2011

This article examines the deviation of the UK market index from market fundamentals implied by the simple dividend discount model and identifies other components that also affect price movements. The components are classified as permanent, temporary, excess stock returns and non-fundamental innovations in terms of a multivariate moving average model [Lee 1998]. We find that time varying discounted rates play an active role in explaining price deviations.

On The Disappearance Of Tuesday Effect In Australia, Chien-Ting Lin, Lee Kian Lim

Research outputs pre 2011

Day of the week (DOW) effect has been well known in many markets. The United States, the United Kingdom, Canada, and Switzerland all have been found to exhibit significant average negative Monday returns [Agrawal and Tandon, 1998]. Other developing markets in Indonesia, Malaysia and Thailand are also found to have the same seasonality [Choudhry, 2000]. Australia however displays its DOW effect on Tuesdays rather than on Mondays (Jaffe and Westerfield [1985], Easton and Faff [1994]). Jaffe and Westerfield [1985] suggest that there might be a linkage between the U.S. Monday seasonal and the Asia-Pacific DOW effect as they are one …

The Regulatory History Of A New Technology: The Electromagnetic Telegraph, Alexander J. Field

Economics

Attitudes toward economic regulation in the United States have, since colonial times, been influenced by an almost schizophrenic oscillation between dirigiste and laissez-faire ideology. The laissez-faire tradition maintains that within a legal system providing elementary guarantees against force and fraud, business enterprise should be allowed the maximum possible freedom. The dirigiste tradition, on the other hand, recommends government intervention in a variety of situations, including those where the social return may exceed the private rate of return to research and development spending, in cases of natural monopoly, or where a firm has erected barriers to entry that give it effective …

Workers' Compensation: Benefits, Costs, And Safety Under Alternative Insurance Arrangements, Terry Thomason, Timothy P. Schmidle, John F. Burton

Upjohn Press

Thomason, Schmidle, and Burton make use of a unique data set to delve into how insurance arrangements affect several objectives of the workers' compensation (WC) program. They underscore the effects of deregulation and other changes in WC insurance pricing arrangements by performing empirical analyses that use state-specific cost, benefit, and injury data from 48 states for 1975-1995. This allows them to address the interactive relationships among the four objectives of WC systems adequacy of benefits, affordability of WC insurance, efficiency in the benefits delivery system, and prevention of workplace injuries and diseases and how various public policies adopted by states …

Labor, Business, And Change In Germany And The United States, Kirsten S. Wever Editor

Upjohn Press

The chapters explore the proposition that the benefits of either the German coordinating institutions or the United States' more decentralized political economy each entail trade-offs that may be necessary but politically unpleasant. The authors also offer comparisons of sectoral and firm-level adjustment processes for change.

The Political Economy Of Health Care Reforms, Huizhong Zhou Editor

Upjohn Press

A leading group of health care economists propose solutions to problems related to Medicare, managed care, health insurance, coverage for the uninsured, and the role of tax policy in health care.

Reemployment Bonuses In The Unemployment Insurance System: Evidence From Three Field Experiments, Philip K. Robins Editor, Robert G. Spiegelman Editor

Upjohn Press

In this volume a select group of UI researchers describes the motivation for and the design, implementation, and impacts of UI bonus experiments administered in Illinois, Pennsylvania, and Washington. They also describe the benefits and costs of the various experimental treatments for the government as a whole, the UI system in particular, claimants' earnings, and the overall net benefits to society.

Economic Challenges Facing Pakistan, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

There is almost a consensus that the major economic challenges facing Pakistan are rising poverty and unemployment, heavy external and domestic indebtedness, high fiscal deficit and low investment. The debate has so therefore focussed on the means to face these challenges and particularly on the ways to bring about economic recovery.

The Regional Public-Private Civic Infrastructure Of Hampton Roads And Its Impact On The Implementation Of Economic Development Initiatives, James Andrew Probsdorfer

Theses and Dissertations in Urban Services - Urban Management

This study analyzes the effectiveness of a network of five regional organizations to promote economic development in Hampton Roads, Virginia. Using a case study methodology, data collected from organizational documents, media reports, and personal interviews was categorized and triangulated to determine how many regional economic proposals were implemented from 1990 to 2000. This analysis created a regional timeline from which was produced a regional inventory of economic proposals. This study concluded that the regional economic development organizations in Hampton Roads have a fragmented network and their output has been influenced by regional factors.

Specifically out of a total of nineteen …

Oecd Inflation And Throughput Rates, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1996, October; revised 1998, January 29). Explaining inflation and unemployment: An alternate to neoliberal economic theory [Annotated conference-paper fragment].
• Mejorado, A. (1998, May 22; revised May 27). Inflation rate and throughput coefficient in USA, 1960-1996 [Three-chart spreadsheet output set testing after-tax throughput variants].
• Inflation and thruput: 1930-1999 [Two-chart spreadsheet output set comparing alternative throughput measures]. (n.d.).
• Mejorado, A. (1998, May 6-7). Cross-country throughput-coefficient chart packet [Charts comparing inflation and throughput measures for Sweden, Canada, the United States, and Germany].
• Throughput coefficient and manufacturing inflation rate [Data chart]. (n.d.).
• Agenor, P.-R., & Montiel, P. J. (1996). …

Money, Notes And Readings, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Tagliabue, J. (2001, January 30). A legal tender of one’s own: Foe of Italy’s central bank issues money in village. The New York Times, p. W2. A duplicate clipping of this same article also appears separately within the collection.
• Shaikh, A. (1983, December). Money and the circulation of aggregate commodity capital [Unpublished manuscript]. Author: Anwar Shaikh, PhD.
• Shaikh, A. (2001, October 3). Eco 104 (historical foundations I): Adam Smith [Unpublished lecture notes]. Author: Anwar Shaikh, PhD.
• Hicks, J. (1989). A market theory of money. Oxford: Clarendon Press. Reproduced excerpt includes handwritten annotations credited to Anwar Shaikh, PhD. …

Pay At Risk: Compensation And Employment Risk In The United States And Canada, John A. Turner Editor

Upjohn Press

The contributors to this book investigate the compensation and employment risks for U.S. and Canadian workers. They examine both wage and nonwage aspects of compensation, and whether workers in the U.S. or Canada face more job-related risks. They also seek to identify trends in risk bearing and whether they differ by country.

Thirwall Project, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (2001, July 30). Handwritten notes titled “Thirwall project” [Unpublished handwritten notes].

• Contri, A., & Shaikh, A., PhD. (2001, January 10). Actual and B-o-P equilibrium growth rates, Bairam (1988) [Unpublished chart].

• Shaikh, A., PhD. (2001, April 4). Rates of growth of exports (tables and graphs) [Unpublished tables and graphs].

• Shaikh, A., PhD. (n.d.). Handwritten notes titled “questions: Thirwall project” [Unpublished handwritten notes].

• Shaikh, A., PhD. (2001, April 24). Handwritten notes titled “Thirwall project” [Unpublished handwritten notes].

• Shaikh, A., PhD. (2001, April 13). Handwritten notes on cointegration for import function …

Nyu Talk Long Term Patterns Structure & Order, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (n.d.). NYU talk: Long-term patterns, structure, and order (see folder, Eco 204, introd.) [Handwritten cover note]. Unpublished manuscript.

• Shaikh, A., PhD. (2001, March 1). NYU talk (Ruria’s class) [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (1995, May 15). Woodstock talk [Typed notes]. Unpublished manuscript.

• Shaikh, A., PhD. (2001, April 25). Recurrence & theory of uneven development [Handwritten notes]. Unpublished manuscript.

• Mejorado, A. (2001, October 29). Lecture at NYU [Email communication]. Personal communication.

• Shaikh, A., PhD. (n.d.). Non-farm productivity and real compensation per hour [Graph]. Unpublished manuscript.

• Shaikh, A., PhD. (n.d.). U.S. investment index, fixed …

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Working Time In Comparative Perspective: Volume Ii - Life-Cycle Working Time And Nonstandard Work, Susan N. Houseman Editor, Alice Nakamura Editor

Upjohn Press

The chapters explore an expanded set of working-time issues, which may be loosely grouped under two topics: 1) working time over the life cycle, and 2) nonstandard work arrangements (e.g., temporary work, job sharing and moonlighting).

Ensuring Health And Income Security For An Aging Workforce, Peter Budetti Editor, Richard V. Burkhauser Editor, Janice M. Gregory Editor, H. Allan Hunt Editor

Upjohn Press

The chapters explore implications of an aging workforce for a number of social programs in the coming decades, and point to the critical policy issues we must face when growing numbers of older workers begin to strain the capacity of those programs.

Microenterprise Lending To Female Entrepreneurs: Sacrificing Economic Growth For Poverty Alleviation?, Michael Kevane, Bruce Wydick

Economics

This research compares the performance of female and male entrepreneurs in a microenterprise credit program in Guatemala. Previous research and field practice has suggested that targeting credit at female borrowers allows for more substantial increases in household welfare, but that male entrepreneurs may more aggressively expand enterprises when given access to credit. In this paper, we develop a model that seeks to clarify why we might expect gender differences in economic responses to credit access. In general, our empirical results reveal that gender differences in economic responses to credit access are surprisingly small. However, we find that female entrepreneurs in …