Economics Commons^™

Examining The Impact Of Parental Involvement In A Dual Language Program: Implications For Children And Schools - Ollas Report No. 2, J. F. Casas

Latino/Latin American Studies Reports

This study focuses on a dual language (Spanish-English) program in the Omaha Public Schools. Dual language programs are programs in which children develop proficiency in two languages simultaneously. These programs are currently seen as the gold standard second language education because of the large amount of empirical support they have received with respect to children’s academic gains. All of the dual language classrooms are comprised of half native English speakers and half Spanish speakers.

Parental involvement has received much empirical attention with respect to traditional school programs; however, little is known about the role of parental involvement in dual language …

School Finance Reform And Property Values Part 1: Property Tax Capitalization, John Yinger

Center for Policy Research

It’s Elementary is a series of essays on topics in education and education policy. The main focus is on education finance in New York State, but general research findings in education and education policy issues in several other states are also discussed. John Yinger, Professor of Economics and Public Administration at the Maxwell School, Syracuse University is the author of most of these essays, although a few are written by or co-authored with other scholars.

The Impact Of Trade Liberalization On Growth, Unemployment, And Poverty In Bangladesh, Maha Z. Mirza

Graduate Program in International Studies Theses & Dissertations

Trade liberalization has been one of the major policy components of the governments of the developing countries in the recent decades. Bangladesh as many other developing nations, has adopted different measures of trade reform policies as an element of International Monetary Fund's (IMF) Structural Adjustment Program (SAP), as well as to be an integral part of the world wide trend of globalization. Such policy measures include the reduction/rationalization of tariff rate, simplification of import and export trade procedures, relaxation of restrictive trade policies, and reform of financial and monetary policies. Even though, the trade reform measures were anticipated to increase …

Beachwood's Economy: Analytical Report, Iryna Lendel, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Northeast Ohio Manufacturing Analysis: A Working Paper In Support Of Global Northeast Ohio Manufacturing Roadmap Initiative, Ziona Austrian, Iryna Lendel

All Maxine Goodman Levin School of Urban Affairs Publications

This report presents the results of a study of manufacturing activities in Northeast Ohio (NEO). The report’s purpose is to provide an understanding of recent trends in regional manufacturing industries in the context of longer-term trends and the national economy.

Essays On The Organization And Impact Of Professional Sports, John Jasina

All Dissertations

This thesis contains a collection of essays related to economics and sports. The final essay looks at the growing controversy of publicly funded sports stadiums. Local governments are spending millions of dollars on sports stadiums as a means to spur economic development. Economic impact studies supporting public funding claim that the investment will bring thousands of jobs and additional revenue to the local community. Most of the academic literature on the subject has been less favorable. Much of the literature focused on broad measures of employment in metropolitan statistical areas. In this paper regression analysis is used to investigate the …

International Financial Integration, Sonila Beliu

Dissertations

During the last two decades, the degree of international financial integration (IFI) has increased substantially. This increased level of IFI has a number of benefits. First, it can lead to more efficient allocation of saving and investment across countries and, therefore, facilitate consumption smoothing. Second, it can enable domestic investors to achieve a higher level of diversification. Third, the industrial sector can benefit from having better access to the world’s capital supply and, eventually an increase in the level of IFI will have a positive impact on countries’ output growth. In all, higher levels of IFI can lead to a …

Risk Sharing And Consumption Insurance In Poor Urban Economies: Theory And Empirical Evidence From Household Data, Seife Dendir

Dissertations

Households in poor economies often strive to protect consumption from fluctuations in income through various mechanisms. Due to the absence or scarcity of formal insurance, however, they are often forced to rely on informal means to achieve this objective. This dissertation consists of three essays that analyze the nature, performance and instruments of risk sharing and consumption insurance in poor urban areas.

The first essay identifies the peculiar problems poor urban households face in their attempt to pool risk from idiosyncratic income swings, and derives unique results pertaining to the level of insurance and effort. Two specific problems are identified: …

Aid Effectiveness, Policies And Reform, Elias Kedir Shukralla

Dissertations

The effectiveness of foreign aid in developing countries is one of the most controversial topics in the development literature. In particular, issues relating to the link between aid and growth, and whether aid works better when good policies and reforms are undertaken, and how aid should be allocated have been hotly debated by economists and policy makers. As a matter of fact, developing countries continue to receive large amounts of foreign aid every year, and the controversies surrounding aid also remain strong. This dissertation reexamines the links between aid, growth, policies and economic reforms in aid recipient countries and sheds …

The Effect Of Minimum Wages On The Employment And Earnings Of South Africa's Domestic Service Workers, Tom Hertz

Upjohn Institute Working Papers

Minimum wages have been in place for South Africa's one million domestic service workers since November of 2002. Using data from seven waves of the Labour Force Survey, this paper documents that the real wages, average monthly earnings, and total earnings of all employed domestic workers have risen since the regulations came into effect, while hours of work per week and employment have fallen. Each of these outcomes can be linked econometrically to the arrival of the minimum wage regulations. The overall estimated elasticities suggest that the regulations should have reduced poverty somewhat for domestic workers, although this last conclusion …

Temporary Agency Employment As A Way Out Of Poverty?, David H. Autor, Susan N. Houseman

Upjohn Institute Working Papers

The high incidence of temporary agency employment among participants in government employment programs has catalyzed debate about whether these jobs help the poor transition into stable employment and out of poverty. We provide direct evidence on this question through analysis of a Michigan welfare-to-work program in which program participants were randomly allocated across service providers ('contractors') with different job placement practices. We draw on a telephone survey of contractors and on administrative program data linked with wage records data on all participants entering the program over a three-and-a half-year period. Our survey evidence documents a consensus among contractors that temporary …

On Leverage In A Stochastic Volatility Model, Jun Yu

Research Collection School Of Economics

This paper is concerned with the specification for modelling financial leverage effect in the context of stochastic volatility (SV) models. Two alternative specifications co-exist in the literature. One is the Euler approximation to the well-known continuous time SV model with leverage effect and the other is the discrete time SV model of Jacquier et al. (J. Econometrics 122 (2004) 185). Using a Gaussian nonlinear state space form with uncorrelated measurement and transition errors, I show that it is easy to interpret the leverage effect in the conventional model whereas it is not clear how to obtain and interpret the leverage …

Protection For Sale Under Monopolistic Competition, Pao Li Chang

Research Collection School Of Economics

This paper proposes a general empirical framework to estimate the protection-for-sale model, where the protection regime shifts according to a sector's market structure (perfectly or monop-olistically competitive). We base the protection structure on Grossman and Helpman (1994) for the subset of perfectly competitive sectors and on Chang (2005) for the subset of monop- olistically competitive sectors. The two protection regimes are simultaneously estimated with joint constraints. The results of the J-test consistently reject the homogeneous (perfect compe- tition) protection-for-sale model often adopted in previous literature and suggest a direction of improvement toward the proposed heterogeneous protection structure model.

The 2004 Global Labour Survey: Working Institution And Practices Around The World, Davin Chor, Richard B. Freeman

Research Collection School Of Economics

The 2004 Global Labor Survey (GLS) is an Internet-based survey that seeks to measure de facto labor practices in countries around the world, covering issues such as freedom of association, the regulation of work contracts, employee benefits and the prevalence of collective bargaining. To find out about de facto practices, the GLS invited labor practitioners, ranging from union officials and activists to professors of labor law and industrial relations, to report on conditions in their country. Over 1,500 persons responded, which allowed us to create indices of practices in ten broad areas for 33 countries. The GLS' focus on de …

New Mexico Labor Market Review 07-31-2005, 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 June 2005.

Evaluation Of The Air Force’S Determination Of The Military Value Of The W.K. Kellogg Air Guard Station And The Potential Cost Savings Generated By Its Closing, George A. Erickcek, Tom Edmonds

Reports

This is an evaluation of the methodology used by the Air Force in determining the military value of the W.K. Kellogg Air Guard Station and in estimating the potential costs savings generated by its proposed closing.

Fiscal Policy And Local Economic Development, William Hoyt, John Garen

CBER Research Report

No abstract provided.

Fiscal Policy And Property Values, William Hoyt, John Garen

CBER Research Report

Excerpt from the executive summary:

The purpose of this study is to inform on the current state of knowledge of the economics profession of the impacts of state and local taxes on property values. Our goal is also to suggest how to interpret some of the findings of this literature as well as to provide some conceptual background to assist in interpreting these findings.

California’S Ocean Economy, Judith T. Kildow Dr, Charles S. Colgan

Publications

California’s Ocean Economy is the most expansive study of its kind in the nation and provides an update to the 1994 economic study conducted by the California Research Bureau and later released as part of the Resources Agency ocean strategy titled, California’s Ocean Resources: An Agenda for the Future. This report from the National Ocean Economics Program (NOEP) provides a more comprehensive understanding of the economic role of California’s ocean resources than has been available to date. It also provides California with strong evidence that its unique ocean and coastal resources are important to sustaining California’s economy. This information highlights …

Rhode Island Current Conditions Index -- July 2005, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Have Public Finance Principles Been Shut Out In Financing New Sports Stadiums For The Nfl In The United States?, Victor Matheson, Robert Baade

Economics Department Working Papers

Over the past 15 years, new stadiums in the National Football League have been built at an unprecedented rate, and most new facilities have utilized significant public funds. This paper looks at whether the methods used to finance these new facilities honored public finance principles regarding equity, efficiency, and transparency. An examination of the 20 NFL stadiums constructed or refurbished since 1992 reveals a trend towards more voter referendums and an increase reliance on taxation of visitors through hotel and rental car taxes. Although taxation of persons living outside one’s own metropolitan area is appealing, this paper suggests that the …

Selling The Big Game: Estimating The Economic Impact Of Mega-Events Through Taxable Sales, Robert Baade, Robert Baumann, Victor Matheson

Economics Department Working Papers

Professional sports leagues, franchises, and civic boosters, have used the promise of an all star game or league championship as an incentive for host cities to construct new stadiums or arenas at considerable public expense. Past league-sponsored studies have estimated that Super Bowls, All-Star games and other sports mega-events increase economic activity by hundreds of millions of dollars in host cities. Our analysis fails to support these claims. Our detailed regression analysis of taxable sales in Florida over the period 1980 to 2004 reveals that on, average, mega-events ranging from the World Cup to the World Series have been associated …

Information And Communication Technologies And The Effects Of Globalization: Twenty-First Century “Digital Slavery” For Developing Countries—Myth Or Reality?, L. A. Ogunsola

E-JASL: Electronic Journal of Academic and Special Librarianship (1999-2009, Volumes 1-10)

Abstract

The main goal of this paper is to examine the ICT (Information and Communication Technology) revolution and the concept of globalization as they effect developing countries. Globalization as one of the reasons for possible widening of the gap between the poor and the rich nations was examined and the emerging concept of “digital slavery” was carefully evaluated. The wide gap in availability and use of ICTs across the world and the influences ICTs exert on globalization at the expense of developing countries were carefully examined and suggestions and necessary policies were offered for developing countries to leap-frog the industrialization …

Robust Monopoly Pricing, Dirk Bergemann, Karl Schlag

Cowles Foundation Discussion Papers

We consider a robust version of the classic problem of optimal monopoly pricing with incomplete information. In the robust version of the problem the seller only knows that demand will be in a neighborhood of a given model distribution. We characterize the optimal pricing policy under two distinct, but related, decision criteria with multiple priors: (i) maximin expected utility and (ii) minimax expected regret. While the classic monopoly policy and the maximin criterion yield a single deterministic price, minimax regret always prescribes a random pricing policy, or equivalently, a multi-item menu policy. The resulting optimal pricing policy under either criterion …

Competition, Consumer Welfare, And The Social Cost Of Monopoly, Yoon-Ho Alex Lee, Donald J. Brown

Cowles Foundation Discussion Papers

Conventional deadweight loss measures of the social cost of monopoly ignore, among other things, the social cost of inducing competition and thus cannot accurately capture the loss in social welfare. In this Article, we suggest an alternative method of measuring the social cost of monopoly. Using elements of general equilibrium theory, we propose a social cost metric where the benchmark is the Pareto optimal state of the economy that uses the least amount of resources, consistent with consumers’ utility levels in the monopolized state. If the primary goal of antitrust policy is the enhancement of consumer welfare, then the proper …

Branch Rickey’S Equation Fifty Years Later, Ray C. Fair, Danielle Catambay

Cowles Foundation Discussion Papers

This paper analyzes Branch Rickey’s 1954 equation in a regression context. The results for 1934–1953 are consistent with Rickey’s conclusions, and the equation holds up well when extended 51 years. Two of the main conclusions are that on-base percentage dominates batting average and that offense and defense are equally important. Perhaps Rickey was as good as he thought he was?

Robust Monopoly Pricing, Dirk Bergemann, Karl Schlag

Cowles Foundation Discussion Papers

We consider a robust version of the classic problem of optimal monopoly pricing with incomplete information. In the robust version, the seller faces model uncertainty and only knows that the true demand distribution is in the neighborhood of a given model distribution. We characterize the optimal pricing policy under two distinct, but related, decision criteria with multiple priors: (i) maximin expected utility and (ii) minimax expected regret. The resulting optimal pricing policy under either criterion yields a robust policy to the model uncertainty. While the classic monopoly policy and the maximin criterion yield a single deterministic price, minimax regret always …

Robust Monopoly Pricing: The Case Of Regret, Dirk Bergemann, Karl Schlag

Cowles Foundation Discussion Papers

We consider a robust version of the classic problem of optimal monopoly pricing with incomplete information. The robust version of the problem is distinct in two aspects: (i) the seller minimizes regret rather than maximizes revenue, and (ii) the seller only knows that the true distribution of the valuations is in a neighborhood of a given model distribution. We characterize the robust pricing policy as the solution to a minimax problem for small and large neighborhoods. In contrast to the classic monopoly policy, which is a single deterministic price, the robust policy is always a random pricing policy, or equivalently, …

The Only Game In Town: Stock-Price Consequences Of Local Bias, Jeffrey D. Kubik, Harrison Hong, Jeremy Stein

Economics - All Scholarship

Theory suggests that, in the presence of local bias, the price of a stock should be decreasing in the ratio of the aggregate book value of firms in its region to the aggregate risk tolerance of investors in its region. We test this proposition using data on U.S. Census regions and states, and find clear-cut support for it. Most of the variation in the ratio of interest comes from differences across regions in aggregate book value per capita. Regions with low population density - e.g., the Deep South - are home to relatively few firms per capita, which leads to …

Kebijakan Moneter, Pertumbuhan Ekonomi Dan Inflasi: Pengujian Hipotesis Ekspektasi Rasional Dengan Analisis Var, Ferry Irawan, Sugiharso Safuan

Jurnal Ekonomi dan Pembangunan Indonesia

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