Economics Commons^™

The State Of The Region: Hampton Roads 2002, James V. Koch, Vinod Agarwal, John R. Broderick, Rev. Dr. James Cobb, Chris Colburn, Ellie Costulis, Steve Daniel, Tatiana Isakovski, Sharon Lomax, Trish Manthey, Deborah Miller, Gilbert Yochum, Grace Wu

Economics Faculty Books

This is Old Dominion University's third annual "State of the Region" report.While it represents the work of many individuals connected in various ways to the university, the report does not constitute an official viewpoint of the University, or it's president, Dr. Roseann Runte.

Our "State of the Region" reports maintain the modest goal of making Hampton Roads an even better place to live. We are proud of our region's many successes, but realize that it is possible to improve the region's performance. Yet, in order to improve our performance, we must have accurate information about "where we are" and a …

金融中介和經濟發展 : 中國大陸為例, Zuxiang Zhang

Lingnan Theses

本論文研究中國大陸的金融中介体 (包括銀行和股票市場) 与經濟增長相關性。所用數据是從1994 年到2001 年的季度時間序列數据。作者對各個時間序列數据都考慮了季節因素的影響并進行了穩定性檢驗。

回歸分析結果發現,從長期來看, 金融深度 (DEPTH) 和經濟增長有顯著的正相關關系, 國有商業銀行相對与銀行体系的規模的比例和經濟增長有不顯著的關系。這表明銀行的發展對經濟的增長是有促進作用。同時, 股票市場的相對于經濟總量的規模和經濟發展有顯著的正相關關系, 但是股票市場的流動性和經濟增長有不顯著的關系。這個表明中國大陸的股票市場從長遠來看其發展會促進經濟發展, 但是其流動性對經濟發展的作用並不大。

為了研究金融中介和經濟發展的短期關系, 本論文運用誤差校正模型來檢驗金融中介和經濟發展的相關性。結果表明衡量股票市場規模的變量CAPITALIZATION 和經濟 增長有顯著的負相關關系。這表明中國股票市場存在巨大的 “ 泡沫”, 大量的投机和其它不良的行為。對此, 政府應該重視和加強對股票市場的監控, 對一級市場的上市審批和二級市場的交易買賣都要進行引導, 使股票市場真正成為企業融資的好渠道。

Will Social Values Influence The Development Of Hmos?, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

An Economic Impact Assessment Of The American Bowling Congress Tournament In Billings, 2002, Thale Dillon

Institute for Tourism and Recreation Research Publications

Findings discussed in this report include geographic residences of participants, group size and average length of stay, type of accommodations used, mode of transportation used in travel to Billings, parts of Montana visited outside Billings and participants' spending patterns. It also provides an account of the ABC Tournament's economic impact on Yellowstone County and an assessment of the impact on areas beyond the host city.

The Effectiveness Of State Enterprise Zones, Alan H. Peters, Peter S. Fisher

Employment Research Newsletter

No abstract provided.

Income Replacement And Reemployment Programs In Michigan And Neighboring States, Stephen A. Woodbury

Upjohn Institute Working Papers

Governments in every developed industrial economy administer programs that partially replace the earnings of workers who suffer job loss or on-the-job injury. In addition, governments administer programs to help job losers gain reemployment, either through direct job placement (for those who are job-ready) or through retraining (for those who are not). This chapter describes and discusses current policy issues surrounding the main social insurance and reemployment programs in Michigan: Unemployment Insurance (UI), which partially replaces lost earnings following loss of a job; Workers' Compensation (WC), which pays for medical treatment, vocational rehabilitation, and lost earnings following a work-related injury or …

Globalization Of Financial Markets And The Asian Crisis: Some Lessons For Third World Developing Countries, Jong H. Park

Faculty Articles

Park examines the causes of the Asian financial crisis and draws some lessons and implications for a series of issues, which may be of particular relevance to the Third World developing countries. These issues include: the appropriate role of the International Monetary Fund as an international agency in charge of helping member countries to maintain financial stability; the choice of an appropriate exchange rate regime and use of restrictions on private capital flows in the face of rising globalization; and the debate on the East Asian model of economic development.

On The Performance Of Geometric Chart With Estimated Control Limits, Zhenlin Yang, Min Xie, Vellaisamy Kuralmani, Kwok-Leung Tsui

Research Collection School Of Economics

The control chart based on the geometric distribution (geometric chart) has been shown to be competitive with p- or np-charts for monitoring the proportion nonconforming, especially for applications in high quality manufacturing environments. However, implementing a geometric chart is often based on the assumption that the in-control proportion nonconforming is known or accurately estimated for a high quality process, an accurate parameter estimate may require a very large sample size that is seldom available. In this paper we investigate the sample size effect when the proportion nonconforming is estimated. An analytical approximation is derived to compute shift detection probabilities and …

Market Segmentation And Information Values Of Earnings Announcements: Some Empirical Evidence From An Event Study On The Chinese Stock Market, Yu Gao, Yiu Kuen Tse

Research Collection School Of Economics

This paper investigates the trading activities of two distinct classes of shareholders, namely, the Chinese domestic investors and the foreign investors in the segmented Chinese A-share and B-share markets, respectively. We conduct an event study on the annual earnings announcements based on two different accounting standards: IAS and PRC GAAP. The earnings announcements based on IAS and PRC GAAP are value relevant. The investors in the B-share market react to both the IAS and PRC GAAP earnings announcements, while the investors in the A-share market pay more attention to the PRC GAAP earnings reports. In the B-share market, positive abnormal …

Bulgaria Poverty Assessment (Report No. 24516-Bul), Dena Ringold, Gero Carletto, Tomoki Fujii, Et Al

Research Collection School Of Economics

No abstract provided.

The Kpss Test With Seasonal Dummies, Sainan Jin, Sainan Jin

Research Collection School Of Economics

It is shown that the KPSS test for stationarity may be applied without change to regressions with seasonal dummies. In particular, the limit distribution of the KPSS statistic is the same under both the null and alternative hypotheses whether or not seasonal dummies are used.

New Mexico Labor Market Review 09-30-2002, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers August 2002.

Vol. 04 No. 2 Journal Of Microfinance, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

Challenges To Microfinance Commercialization, Anita Campion

Journal of Microfinance / ESR Review

This paper was presented to audiences in Vietnam, Indonesia, Singapore and the Philippines through a World Bank multimedia distance education program in October 2001. The presentation addressed some of the core obstacles to microfinance commercialization, defined here as the application of market-based principles to providing financial services to the poor. The paper discusses some of the challenges to microfinance commercialization, such as inappropriate donor subsidies, poor regulation and supervision, and limited management capacity of microfinance institutions. Given the initial target audience of primarily World Bank employees, the paper concludes with a discussion on what donor can do to move microfinance …

To Pay Or Not To Pay?: Local Institutional Differences And The Viability Of Rural Credit In Nicaragua, Johan Bastiaensen, Ben D'Exelle

Journal of Microfinance / ESR Review

Innovative credit enterprises, aiming to expand the frontier of the rural credit market, can attain financial sustainabihty and broadened social outreach if they embed financial operations in local institutions, such as social networks and prevailing rules. Only in this way can the "rules of the game" imposed by the credit enterprise gain the local legitimacy that is necessary to reduce transaction costs sufficiently. The nature of preexisting local institutional environments, therefore, has a profound effect on the performance of credit enterprises. Our analysis of a rural microcredit program in two neighboring villages in Nicaragua indicates that existing patron-client structures, conditioned …

Estimation Of Hyperbolic Diffusion Using Mcmc Method, Yiu Kuen Tse, Jun Yu, X. B. Chang

Research Collection School of Economics

In this paper we propose a Bayesian method for estimating hyperbolic diffusion models. The approach is based on the Markov Chain Monte Carlo (MCMC) method after discretization via the Milstein scheme. Our simulation study shows that the hyperbolic diffusion exhibits many of the stylized facts about asset returns documented in the financial econometrics literature, such as a slowly declining autocorrelation function of absolute returns. We demonstrate that the MCMC method provides a useful tool to analyze hyperbolic diffusions. In particular, quantities of posterior distributions obtained from MCMC outputs can be used for statistical inferences

Community Savings Funds: Providing Access To Basic Financial Services In Marginalized Rural Areas Of Mexico, Gabriala Zapata

Journal of Microfinance / ESR Review

The Community Savings Funds (CSFs) promoted by the Ministry of Agriculture in Mexico seek to provide marginalized community groups with a simple mechanism that allows them to save and administer their own funds securely, efficiently, and profitably, according to their own needs and priorities. Specially trained promoters help set up CSFs for a period of one year—using a standardized Toolkit—after which they are expected to work autonomously. There are 540 CSFs in 12 states with over 12,800 members and savings totaling 4.45 million pesos (US 5445,000). This paper describes the characteristics of the CSF model and the results to date. …

Care's Mata Masu Dubara (Women On The Move) Program In Niger: Successful Financial Intermediation In The Rural Sahel, William J. Grant, Henry C. Allen [email protected]

Journal of Microfinance / ESR Review

CARE's Mata Masu Dubara (MMD) project is a women's time-bound accumulating savings and credit association (ASCA) program in rural Niger. Over the past decade, CARE has facilitated the creation of over 5,500 active women's groups with over 162,000, providing the purest forms of financial intermediation to their members in some of the poorest parts of Niger. Working from a very simple and appropriately adapted savings based product, sustainability and replication of the associations is easy to achieve. Due to the overwhelming demand for the product, CARE's role has evolved from service provider creating the associations to a facilitator that trains …

Front Matter, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

The New Microfinance: An Essay On The Self-Help Group Movement In India, Kim Wilson

Journal of Microfinance / ESR Review

Indian NGOs have created at least one million self-help groups with 17,000,000 members since the self-help group concept was developed by MYRADA in the late 1980s. India is unique in that banks are permitted to lend directly to unregistered self-help groups and by May 2001, banks and cooperatives had financed 461,478 of these groups, with almost 200,000 new self-help groups financed between May 2000 and May 2001, indicating an accelerated process of expansion. The National Bank for Agriculture and Rural Development (NABARD) trains banks and refinances their loans. The key to NABARD's success is decentralization. Responsibility for group development and …

Evaluation And Microenterprise Programs In The United States, Mark Schreiner

Journal of Microfinance / ESR Review

Microenterprise programs attempt to help poor people start or strengthen small businesses. Funding and political support have grown rapidly. Is microenterprise a good use of scarce development funds? Unfortunately, most evaluations have been case studies in what not to do. Because benefits and costs cannot be measured completely nor with perfect certainty, rigorous evaluations should support their necessarily subjective judgements with logic and explicit assumptions. The usefulness of an evaluation lies not in its (apparent) incontrovert-ibility but rather in its clarity of assumptions and in its openness to meaningful review and critique.

A Symposium On Savings-Led Microfinance And The Rural Poor, Jeffrey Ashe

Journal of Microfinance / ESR Review

No abstract provided.

Pact's Women's Empowerment Program In Nepal : A Savings- And Literacy- Led Alternative To Financial Building, Jeffrey Ashe, Lisa Parrott [email protected]

Journal of Microfinance / ESR Review

Pact's Women's Empowerment Program (WEP) in Nepal operated through 6,500 groups with 130,00 women members. These groups mobilized nearly $2,000,000 of assets in less than three years with 94% on loan to 45,000 group members. By mid 2001, WEP had as many outstanding loans as CARD in the Philippines and Compartamos in Mexico, two very well known "credit-led" microfi-nance institutions, while working through three times as many groups. In addition, 65,000 group members learned to read through Pact's innovative curriculum that focused exclusively on managing a group, starting a business, and women's empowerment. WEP was implemented by 240 partners (most …

Health Insurance Coverage And The Disability Insurance Application Decision, Jonathan Gruber, Jeffrey D. Kubik

Economics - All Scholarship

We investigate the effect of health insurance coverage on the decision of individuals to apply for Disability Insurance (DI). Those who qualify for DI receive public insurance under Medicare, but only after a two-year waiting period. This raises concerns that many disabled are going uninsured while they wait for their Medicare coverage. Moreover, the combination of this waiting period and the uncertainty about application acceptance may deter those with health insurance on their jobs, but no alternative source of coverage, from leaving work to apply for DI.

Data from the Health and Retirement Survey show that, in fact, uninsurance does …

End Matter, Journal Of Microfinance

Journal of Microfinance / ESR Review

No abstract provided.

Ashrai: A Savings-Led Model For Fighting Poverty And Discrimination, Brett Matthews, Ahsan Ali [email protected]

Journal of Microfinance / ESR Review

Ashrai is getting results with a savings-led model among minority peoples in northwest Bangladesh. These people are mostly landless and illiterate, and earn about $50 a year per person. They are a vital population segment that microfinance institutions in Bangladesh and elsewhere are unable to serve successfully. Ashrai began its field work ten years ago by replicating Grameen Bank, but rapidly learned from its clients that they needed savings at least at much as loans, flexible loan repayment schedules structured around seasonal cash flow, and an easing of the requirement that loans be for productive purposes. Ashrai takes an innovative …

Issawi's Notion Of Egypt's 'Lop-Sided Development' Revisited, Roger Owen

Topics in Middle Eastern and North African Economies

No abstract provided.

Information Technology And Growth: Will The Software Industry Lead Egypt Into A New Economy?, Nagla Rizk

Topics in Middle Eastern and North African Economies

No abstract provided.

International Accounting Standards And Selected Middle East Stock Exchanges, Besalet Basoglu, Ahmed Goma

Topics in Middle Eastern and North African Economies

No abstract provided.

David And Goliath: The U.S.-Jordan Free Trade Agreement And The Economic Development Of Jordan, Grace Victoria Chomo

Topics in Middle Eastern and North African Economies

No abstract provided.