Economics Commons^™

Northeast Ohio’S Waterways: Lakefront Planning Issue Forums Summary Report, Burke Lakefront Airport, Kathryn W. Hexter

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Northeast Ohio’S Waterways: Lakefront Planning Issue Forums Summary Report Port Activities, Kathryn W. Hexter

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Northeast Ohio’S Waterways: Lakefront Planning Issue Forums Summary Report Utilities And Railroads, Kathryn W. Hexter

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Northeast Ohio’S Waterways: Lakefront Planning Issue Forums Summary Report Climate And Shoreline, Kathryn W. Hexter

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Corporations And Structural Linkages In World Commerce, Joseph P. Daniels, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Wto Dan Prinsip-Prinsip Perdagangan Dunia, Lepi T. Tarmidi

Jurnal Ekonomi dan Pembangunan Indonesia

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Are Art Students Nicer Than Economics Students? A Discussion Of How Economic Game Theory Predicts That Art And Economics Students Differ In Terms Of Reciprocity, Abigail Claiborne

University Avenue Undergraduate Journal of Economics

Neoclassical economic game theory predicts that a player’s goal is to maximize her income regardless of others. In playing the Ultimatum Game this means that Allocators will allocate the minimum amount and the Responders will accept that amount because something is better than nothing. Economics students behave differently because they self-select into that field already thinking as economists do and while studying economics they adapt their behaviors to economic theory. Therefore it is natural to assume that Economics students will act according to theory and that non-economics students will not. The Smith College study between Art students and Economics students …

The Economic Impact Of Native American Gaming: Cost-Benefit Analysis Of The Mashantucket Pequot Tribal Nation, Lisa Borromeo

University Avenue Undergraduate Journal of Economics

The purpose of this paper is to put the economic and social importance of Indian gambling on and off the reservation into perspective. Because the economic and social effects of Indian gaming are additive, one cannot form a coherent picture of the net impact of gaming without measuring both the economic and social effects (Cornell et al., 1998). Because gambling has impacts beyond reservation boundaries, studying the surrounding local economy is a necessary action. As both the number of tribes with gaming operations and the magnitude of the operations increase, so do their effects. This paper combines a general overview …

Prices, Legalisation And Marijuana Consumption, Mert Daryal

University Avenue Undergraduate Journal of Economics

The debate concerning the legalisation of marijuana is intensifying. As the price of marijuana would most likely decrease following legalisation, the law of demand implies that consumption would rise. But by how much? This paper analyses the effect of legalisation on consumption by using data from a specifically-conducted survey of first year students at The University of Western Australia. The results indicate that 53 percent of students have consumed marijuana with males exhibiting a higher intensity than females. The results also show that legalisation would cause consumption to increase by approximately 4 percent. Both legalisation and a 50 percent fall …

Investing In The Arts: Financial And Aesthetic Returns To Prints, Adam Finkelstein

University Avenue Undergraduate Journal of Economics

This paper will revisit the economic question “is buying art profitable?” facing any potential investor by focusing specifically on the market for prints. The answer will account for both pecuniary and aesthetic benefits. Previous inquiry into the returns of investments in art and their methodologies is first reviewed. Then a framework for measuring utility from prints from market-observed leasing prices is described. Various price indexes for returns to Picasso and Chagall prints are compiled for the years 1977 to 1997 using a market basket technique. The indexes are then combined with the utility framework. Real and nominal returns to prints, …

Financial Intermediation And National Growth: Why India Needs To Further Develop Its Stock Markets, Deepika Gupta

University Avenue Undergraduate Journal of Economics

The aim of this paper is twofold: to show the positive growth effect on economies through steady stock market growth, and to analyze the performance of India’s stock markets over the last decade on national growth. I start out in Section I with economic analyses of the high correlation between stock market indicators and the development of all financial institutions. Studies conducted by other economists prove correlations between the stock market and other macroeconomic indicators such as liquidity, level of banking, volatility, consumption, income and stock prices. Section II is a detailed case analysis of the Bombay Stock Exchange (BSE) …

Cooperation Within Anarchy: A Case Study Of The Success Of Commercial Banking During The Lebanese Civil War, Mona Kalash

University Avenue Undergraduate Journal of Economics

This paper analyses the success of the Lebanese banking system during the Lebanese civil war, which lasted from 1975 until 1989. As the rest of the economy plunged into recession due to intense warfare and governmental collapse, the bankers and their clients continued to cooperate across battle lines in the loaning business. The argument of the paper is that the linkage of social and economic games and the importance of reputation in business created incentives for bankers and businessmen to cooperate in the Prisoner’s Dilemma game of lending and borrowing. I challenge the theoretical perspective that cooperation is not possible …

English Language Proficiency And Wage Rates Of Mexican Immigrants, Jeremy Sandford

University Avenue Undergraduate Journal of Economics

This paper studies the effect of English language deficiency on the wage rates of Mexican immigrants. Using a sample of 81,059 labor market male Mexican Immigrants taken from Census PUMS data, I find that the direct effect of English language deficiency on earnings is virtually nonexistent for immigrants with low education and experience levels. The results show that only immigrants with at least a high school education or some US labor market experience will make less than their immigrant counterparts who speak English very well. The cost of language deficiency to those with some education or experience, however, is large. …

Discrimination Against Canadian Colours, Veevek Thankey

University Avenue Undergraduate Journal of Economics

Canada is a nation of immigrants. Decades of open and compassionate immigration policies have earned Canada a solid reputation abroad in this regard. However, as long as there has been immigration in this country, concerns have existed over the impact of immigration on the labour market and, more importantly, the role that discrimination plays regarding income differentials. This paper will analyze the earning differentials of immigrants, which shall be defined as ethnic minorities.

The World Grain Economy To 2050: A Dynamic General Equilibrium, Two Sector Approach To Long-Term World-Level Macroeconomic Forecasting, Benn Eifert, Carlos Galvez, Naureen Kabir, Avinash Kaza, Jack Moore, Christine Pham

University Avenue Undergraduate Journal of Economics

Though fifty years is a tremendous time horizon for the forecasting of any trend involving the complex interactions of billions of people and billions of hectares of intricate planetary ecosystems, the analytic methodology of economics is the most capable toolbox available for such forecasting. At the center of such a forecast are two complex functions, supply and demand, coevolving over time and codetermining prices, production, investment, labor flows, export patterns, and most other major variables.

The Political Economy Of Wto Dispute Settlement: Toward A Synthesis Of International Regime Theories, Christopher L. Griffin

University Avenue Undergraduate Journal of Economics

This paper analyzes the explanatory power of mainstream international regime theories from the international political economy (IPE) literature—neoliberalism, realism, and cognitivism—through formal econometric techniques. I use a data set based on 162 dispute settlement cases since the inception of the World Trade Organization and find that the probability of a Dispute Settlement Panel (DSP) forming depends on the share of exports for a target country as a share of its total exports as well as relative gaps in military expenditures (as a share of GDP). These results are highly robust to different model specifications and control variable choice. Though the …

Intergenerational Problems Of Stability And Justice: Public Goods And Just Saving, Andrew Hayashi

University Avenue Undergraduate Journal of Economics

Rawls notes that the question of justice between generations “subjects any ethical theory to severe if not impossible tests.” (A Theory of Justice (TOJ), p. 251) and the difference principle Rawls argues for in A Theory of Justice is inapplicable to the problem of justice between generations. Specifically, the fact that there “is no way for later generations to help the least fortunate earlier generation…[means that] the difference principle does not hold for the question for justice between generations.” (TOJ p.254) Curiously, despite Rawls’ warning, there is vein of literature that endeavors to show that the difference principle …

Macroeconomic Reform And Policy: The Case Of Peru - Analyzing The Effects Of Some Major Economic, Political And Social Changes In The Peruvian Financial Market For The Period Between 1990 And 1992, Marco A. Hernandez

University Avenue Undergraduate Journal of Economics

This paper discusses the effects of the changes in economic policies and important events, between 1990 and 1992, on the values of an economic sector's equity in Peru. I use event studies to explain the differences in returns during the event window in the main economic sectors in Peru including mining, beer, banking and industrial sector. Four key events are analyzed: The Fujishock, the announcement of policy changes and changes in the legal system, Fujimori's announcement of the dissolution of Congress and the suspension of the Constitution, and the capture of the chief of the Shining Path guerrillas, Guzman. …

Czech Voucher Privatization: A Case Of Decision Making Under Uncertainty, Katia Hristova

University Avenue Undergraduate Journal of Economics

In my study, I plan to analyze voucher privatization in the Czech Republic. This process is best characterized as decision making under both risk and uncertainty, where the thousands of individuals who initially received vouchers were operating under near total uncertainty while larger institutional investors who later seized control of the vouchers were operating under conditions of risk. I will analyze the resulting patterns of ownership in comparison to the goals of the process. I will also discuss the role of the International Monetary Fund and World Bank as institutions which affect the conditions under which voucher privatization was conducted. …

The Relationship Between Economic Freedom And Socio - Economic Development, Anisha Madan

University Avenue Undergraduate Journal of Economics

This research study assumes that people will be better off if there is greater equality of income, if per capita income increases, and if they have better access to education and health care through which they can lead a more fulfilling life. The World Health Organization defines health as a state of complete physical, mental, and social well being and not merely the absence of disease and infirmity. Education is a basic need because it improves skills, improves productivity, and lowers reproductivity by improving the status of women. Education also contributes to meeting other basic needs. If the behavioral changes …

The Cellular Divide: A Comparative Analysis Of Mobile Phone Usage In Spain And The United States, Deborah J. Slezak

University Avenue Undergraduate Journal of Economics

The usage of mobile phones has dramatically increased in the past decade, narrowing the boundaries of size, space, and time. It is this “death of distance” that will be the single most important economic force shaping all of society over the next half century. The economic prosperity of the United States has contributed to the increase in this “luxury” telecommunication device, but how can the rapid increase in European countries with lower per capita incomes such as Spain be explained? The purpose of this paper is to examine mobile phone usage and penetration rates in the United States compared to …

Globalization, Inequality, And The Rich Countries Of The G-20: Evidence From The Luxembourg Income Study (Lis), Timothy M. Smeeding

Center for Policy Research

The purpose of this study is to summarize and comment upon what we know about the determinants of both the level and trend in economic inequality over the past two decades, and to relate these findings to the progress of globalization in these nations. While the fruits of economic progress in rich nations have not been equally spread, we argue that most citizens enrich Organization for Economic Cooperation and Development (OECD) nations have benefited from the trend toward global economic progress. We begin with a summary of the differences in overall economic inequality within the G-20 nations based on LIS …

Do Exchange Rate Regimes Affect Countries' Economic Growth And Inflation?, Yen Shern Chew

Honors Papers

The main focus of this paper is to answer the question of whether the exchange rate regime adopted by a country affects its economic growth (the measurement of output growth used is real per capita GDP growth) and inflation. There has been previous work done which looked at the same question; however, different authors have drawn different conclusions. As Levy-Yeyati and Sturzenegger (2002) point out, previous studies trying to relate exchange rate regimes to macroeconomic performance have only had relatively weak empirical findings. They attribute this to the possibility that the IMF's de jure classification, based on what regime countries …

The Future Of U.S. Capitalism, Frederic L. Pryor

Economics Faculty Works

This multidisciplinary book looks at the long-term forces that are shaping the most important economic institutions in the United States in the coming decades. These underlying causes of change include not just economic, but also social, cultural, and political forces. The writing style is lively and clear, with a series of appendices focusing on technical issues of interest to specialists, so that the author's reasoning and the results are readily understandable to a wide audience. He foresees a declining rate of growth, a widening of the inequalities of income, and a growing share of individual markets taken by a small …

Unmarked Folder, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1979). Banks (J. Klein, 1979) [Typed notes with handwritten annotations].

• Shaikh, A. (1996, March 4). Stock price, bond price, and rate of interest [Handwritten notes].

• Shaikh, A. (1996, August 9). Stock price and implicit interest rate [Handwritten notes].

• Shaikh, A. (1997, March 10). Banks and money creation, referencing Godley and Zezza [Handwritten notes].

• Shaikh, A. (1997, July 16). Notes on hypotheses of equity pricing and stock price dynamics [Handwritten notes].

• Shaikh, A. (1998, October 6). Rates of return, yields, and interest rates [Handwritten notes].

• Shaikh, A. (1998, December 12). Citibase: Commercial banks balance sheet [Handwritten …

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Franchises: An Option For Business Owners With Disabilities, Nancy Arnold Ph.D., University Of Montana Rural Institute

Employment

Franchises are quite popular and may be an option for business owners with disabilities. Mike Powers, author of How to Open a Franchise Business, says that about one-third of today’s franchises are owned or co-owned by women and about one-tenth are minority owned. Franchising offers a good opportunity for potential business owners with disabilities--especially with careful planning, investigation, and an adequate financial base.

The New Basel Capital Accord: Making It Effective With Stronger Market Discipline, Harald Benink, Clas Wihlborg

Business Faculty Articles and Research

In January 2001 the Basel Committee on Banking Supervision proposed a new capital adequacy framework to respond to deficiencies in the 1988 Capital Accord on credit risk. The main elements or ‘pillars’ of the proposal are capital requirements based on the internal risk-ratings of individual banks, expanded and active supervision, and information disclosure requirements to enhance market discipline. We discuss the incentive effects of the proposed regulation. In particular, we argue that it provides incentives for banks to develop new ways to evade the intended consequences of the proposed regulation. Supervision alone cannot prevent banks from ‘gaming and manipulation’ of …

Mixed Signals: Rational-Choice Theories Of Social Norms And The Pragmatics Of Explanation, W. Bradley Wendel

Cornell Law Faculty Publications

The question of how societies secure cooperation and order in the absence of state enforced sanctions has long vexed law and economics scholars. Recently the concept of social norms--informally enforced rules of behavior--has occupied the attention of a large number of these theorists, who are concerned with understanding why economically rational actors would bother to follow rules whose costs seem to outweigh their benefits. Because of the prestige (or at least trendiness) of law and economics, it seems that now everyone in the legal academy is talking about social norms. This burgeoning scholarship is closely related to a wider concern …

Doing Good And Being Good: Aspects Of Development Ngo Governance In The Philippines, Fernando T. Aldaba

Economics Department Faculty Publications

No abstract provided.

Temporary Employment In Auto Supply, George A. Erickcek, Susan N. Houseman, Arne L. Kalleberg

Employment Research Newsletter

No abstract provided.