Economics Commons^™

Indiana State University Financial Report 2006, Indiana State University

Financial Reports

No abstract provided.

Size And Power Property Of The Asymptotic Tests And The Bootstrap Tests In The Probit Model: Simulation Results, Xiaobin Shen

Electronic Theses and Dissertations

This paper compares the size and power properties of the asymptotic tests based on the asymptotic standard errors with the bootstrap tests based on the bootstrap confidence interval in the Probit model. The asymptotic tests work surprisingly well even when the sample size is quite small (e.g., n = 30) for the test of exclusion hypothesis β = 0. The bootstrap tests work similarly well. It shares essentially the same size and power property of the asymptotic tests when the null hypothesis is β = 0. However, the small sample probit estimators can be seriously biased when β/σ is large. …

Cheap Talk Reconsidered: New Evidence From Cvm, David M. Aadland, Arthur J. Caplan

Applied Economics Faculty Publications

Two recent studies have shown that “cheap talk” is an effective means of eliminating positive hypothetical bias in experimental and field-auction settings. We further investigate the ability of cheap talk to mitigate positive hypothetical bias in a contingent-valuation phone survey administered to over 4,000 households. Positive hypothetical bias is detected in our data by contrasting revealed and stated preference information. However, a short, neutral cheap-talk script appears to exacerbate rather than mitigate the bias. Based on this and mixed evidence from earlier studies, we suggest caution in using cheap talk as an ex ante control for hypothetical bias.

The Impact Of The Introduction Of Premiums Into A Schip Program, James Marton

University of Kentucky Center for Poverty Research Discussion Paper Series

This paper examines the introduction of premiums into the SCHIP program in Kentucky. Kentucky introduced a $20 monthly premium for SCHIP coverage for children with family incomes between 151% and 200% of the federal poverty level in December 2003. Administrative data between 2001 and 2004 is used to estimate a Cox proportional hazard model that predicts enrollment duration in this premium-paying category. The results suggest that a premium reduces the length of enrollment and that the effect is much stronger in the first two months after the introduction of the premium. Similar results are not found for the non-premium category.

Devolution, Discretion, And Local Variation In Tanf Sanctioning, Richard Fording, Sanford F. Schram, Joe Soss

University of Kentucky Center for Poverty Research Discussion Paper Series

No abstract.

Senturion: Predictive Political Simulation Model, Mark Abdollahian, Michael Baranick, Brian Efird, Jacek J. Kugler

CGU Faculty Publications and Research

This paper summarizes work utilizing the Senturion predictive analysis software at the National Defense University (NDU). The Center for Technology and National Security Policy (CTNSP) at NDU has been testing the Senturion capability since 2002, and has begun to support the application of this new technology in DOD. In this paper, we begin by describing the methodology underlying the software, and then provide an overview of three case studies that used the software: a predictive analysis of the stabilization and reconstruction phase of Operation Iraqi Freedom (OIF), the run-up to the Iraqi elections in January 2005, and the leadership transition …

It’S Not About The Money: The Role Of Preferences, Cognitive Biases And Heuristics Among Professional Athletes, Michael Mccann

Law Faculty Scholarship

Professional athletes are often regarded as selfish, greedy, and out-of-touch with regular people. They hire agents who are vilified for negotiating employment contracts that occasionally yield compensation in excess of national gross domestic products. Professional athletes are thus commonly assumed to most value economic remuneration, rather than the love of the game or some other intangible, romanticized inclination.

Lending credibility to this intuition is the rational actor model, a law and economic precept which presupposes that when individuals are presented with a set of choices, they rationally weigh costs and benefits, and select the course of action that maximizes their …

Testing Monetary Policy Intentions In Open Economies, Jim Granato, Melody Lo, M.C. Sunny Wong

Economics Faculty Publications

Temple (2002) argues that the inflation level used in Romer (1993) lacks power in revealing the policy intentions of monetary authorities. Temple also points out that Romer's use of the openness--inflation correlation cannot be explained by time consistency theory. In this article, we demonstrate that more open economies experience less inflation volatility and persistence. We attribute our findings to the hypothesis that monetary authorities in more open economies adopt more aggressive monetary policies. This pattern emerges strongly after 1990. Our results indicate that the near-universal regime shift in 1990 is not just a simple process of increased monetary policy aggressiveness, …

No. 19: Irregular Migration To South Africa During The First Ten Years Of Democracy, Lyndith Waller

Southern African Migration Programme

Irregular migration poses a considerable problem for South Africa in migration management, population planning, infrastructure development, resource management, governance, social services, economic development and security. A government can only work with what it knows, with a reasonable margin of error. By its nature, irregular migration creates many unknowns. Where entry into South Africa is clandestine or fraudulent, no proper account can be kept of the migrant’s presence, movement, identity, nationality, health status or activities. Without the ability to measure the problem, the ability to address it remains elusive.

For years, figures on the number of irregular migrants present in South …

History Of Caribbean Whaling Is Being Written In Arkansas, Aldemaro Romero Jr.

Publications and Research

No abstract provided.

Ua3/9/2 Poaching In Kenya, Wku President's Office

WKU Administration Documents

Images used taken by Gary Ransdell and used in his presentation Poaching in Kenya - Economic Disaster or Necessity.

Curbside Recycling: Waste Resource Or Waste Of Resources?, David M. Aadland, Arthur J. Caplan

Applied Economics Faculty Publications

In this paper, we address the often contentious debate over state and local recycling policy by carefully estimating the social net benefit of curbside recycling. Benefits are estimated using household survey data from over 4,000 households across 40 western U.S. cities. We calibrate household willingness-to-pay for hypothetical bias using an innovative experimental design that contrasts stated and revealed preferences. Cost estimates are compiled from previous studies by the U.S. Environmental Protection Agency and the Institute for Local Self Reliance, and from in-depth interviews with recycling coordinators in our sampled cities. Across our sample of cities, we find that the estimated …

No. 16: South African Immigration Law: A Gender Analysis, Belinda Dodson, Jonathan Crush

Southern African Migration Programme

One of the last pieces of apartheid-era legislation to disappear from the South African statute books was the Aliens Control Act of 1991. Although amended in 1995, this Act was finally consigned to history only in March 2003, when the draft regulations implementing the new Immigration Act (no. 13 of 2002) came into effect (Republic of South Africa 2002 and 2003). While there is much in the new Act to be welcomed, and it certainly represents the advent of a more just and pragmatic immigration regime, many of its provisions give considerable cause for concern on gender grounds. The Act …

No. 43: Migration And Development In Mozambique: Poverty, Inequality And Survival, Fion De Vletter

Southern African Migration Programme

Despite Mozambique’s economic growth rate being one of the highest in Africa over the past few years, much of the growth is linked to the development of highly capital intensive “mega” projects with limited absorption of unskilled workers. The urban informal sector which has hitherto absorbed considerable numbers of the unemployed has become less attractive for the rural labour surpluses as increasing competition makes economic survival more difficult. Such limitations within the domestic economy, recently exacerbated by the current drought in the South, has forced many rural households to seek employment in South Africa. Although external migration to South Africa …

No. 44: Migration, Remittances And Development In Southern Africa, Wade Pendleton, Jonathan Crush, Eugene Campbell, Thuso Green, Hamilton Simelane, Daniel Tevera, Fion De Vletter

Southern African Migration Programme

Remittances by migrants are now a focus of attention of governments and development agencies worldwide. Globally, cash remittances by international migrants now exceed $250 billion per annum, easily outweighing the value of development assistance. Over a third of remittances to developing countries originate in other developing countries. International cash remittances are only part of the story. Remittances in the form of goods and commodities are also extremely important, as are internal remittances from urban to rural areas within countries.

Debate rages on the development impacts of remittances and how these can be maximized. Advocates of migration as a positive force …

No. 17: International Migration And Good Governance In The Southern African Region, Jonathan Crush, Sally Peberdy, Vincent Williams

Southern African Migration Programme

Southern Africa has a long history of intra-regional migration, dating back to the mid-nineteenth century. Migration was probably the single most important factor tying together all of the various colonies and countries of the sub-continent into a single regional labour market during the twentieth century. However, entrenched patterns of migration have undergone major restructuring in the last two decades. Southern Africa is now a region on the move (McDonald 2000). Several broader changes underly this shift towards greater and greater intra-regional mobility.

First, the end of apartheid, a system designed to control movement and exclude outsiders, produced new opportunities for …

Environmental Contamination And House Values, Katherine Kiel

Economics Department Working Papers

A house is a bundle of many goods: The number of bedrooms, bathrooms, the quality of local public services, the tidiness of a neighbor’s yard, and the quality of the local environment. If transactions in the housing market reflect the interaction of informed buyers and sellers, then the price that the house sells for is the sum of the prices the buyer is willing to pay for each individual characteristic of the house. It is this notion that motivates environmental economists to study property values. If individuals consider the local environment as a component of the house they purchase, then …

The Kyoto Protocol's Clean Development Mechanism: Prospects For Japan-Philippines Partnership, Rosalina Palanca-Tan

Economics Department Faculty Publications

The Kyoto Protocol's Clean Development Mechanism (CDM) is a system by which a developed country can earn carbon emission reduction (ER) credits through an emission-mitigating project undertaken in a developing country. While allowing developed countries to meet their Kyoto Protocol commitments at less cost, CDM benefits the host developing countries with new capital investments and the transfer of clean technologies. In view of the potential supply of ERs on the Philippine side and a pressing demand on Japan's side, this article explores the relatively low level of CDM cooperation between the Philippines and Japan, and suggests ways of moving forward.

Marketing Social Change: A Comparative Historical And Methodological Analysis Of Anti-Smoking Endeavors, Jessica Stathis

Undergraduate Research Symposium (UGRS)

Even though assessing social marketing endeavors proves to be challenging, evaluators can learn from previous campaigns and identify which facets of social marketing events, programs and campaigns need to be improved. Additionally, by analyzing social movements and evaluating how they connect to social marketing, we can gain a clearer view on ways to ameliorate the field of social marketing. As social marketing becomes increasingly sophisticated and similar to commercial marketing, there is hope that social marketing can yield higher rates of success in the future. Friend and Levy (2002) claimed that it was nearly impossible to compare social marketing endeavors …

An Investigation Of Changes In Contributions Of State Lotteries To Education Over Time, Andrea Lee Parker

Inquiry: The University of Arkansas Undergraduate Research Journal

Arkansas is one of many states in this country that is experiencing an education funding crisis. Despite the fact that states have started taking more responsibility for the funding of their public schools since the mid-1950s, litigation over education funding has occurred in almost every state in the United States. Litigation in Arkansas began in the 1980s and continues today with the Lake View case. Several alternatives have been proposed to reform the state's education system and its methods of funding, including school consolidation, raising taxes, and adopting an education-supporting lottery. Lotteries have become very popular revenue raising mechanisms in …

Semi-Strong Form Market Hypothesis: Evidence From Cnbc's Jim Cramer's Mad Money Stock Recommendations, Elizabeth Dodson

Inquiry: The University of Arkansas Undergraduate Research Journal

Mad Money has become one of the most popular shows on CNBC. The host, Jim Cramer, has an outlandish style and personality that viewers find intoxicating. Cramer's goal for the show is to make people money. Does he succeed? This paper finds that investors can expect to gain above-average, risk adjusted returns by following Cramer's stock recommendations and trading accordingly. These findings challenge the semi-strong form market hypothesis. According to this hypothesis investors should not recognize gains trading on public information since it states that the market has already adjusted prices for that information. It also contributes to current literature …

How Do We Spend Our Time? Evidence From The American Time Use Survey 2006-07, Department Of Economics

Werner Sichel Lecture Series

In 2003, the U.S. Department of Labor's Bureau of Labor Statistics initiated the new American Time Use Survey, a comprehensive national survey providing details of daily living. This annual, ongoing survey will provide information to economists, sociologists, and demographers regarding adult t ime choices. Economists use time use data to study a variety of topics. In this series, authors will present research on shift work, household production and retirement, male nonworkers, inequality, and caregiving.

2006-1 Global Labour Markets, Return And Onward Migration, Abdurrahman Aydemir, Chris Robinson

Centre for Human Capital and Productivity. CHCP Working Papers

No abstract provided.

2006-6 Accounting For The Rise In Consumer Bankruptcies, Igor D. Livshits, James C. Macgee

Economic Policy Research Institute. EPRI Working Papers

No abstract provided.

2006-5 Price Control, Different Demands Between Countries, And Parallel Trade In Pharmaceuticals, Hai Zhong

Economic Policy Research Institute. EPRI Working Papers

No abstract provided.

2006-4 Monetary Cooperation In The North American Economy, David Laidler

Economic Policy Research Institute. EPRI Working Papers

No abstract provided.

2006-3 Axel Leijonhufvud And The Quest For Micro-Foundations -- Some Reflections, David Laidler

Economic Policy Research Institute. EPRI Working Papers

No abstract provided.

2006-2 Import Protection As Export Destruction, Hiroyuki Kasahara, Beverly Lapham

Economic Policy Research Institute. EPRI Working Papers

No abstract provided.

2006-1 The Softwood Lumber Dispute: A Proposal, Ronald J. Wonnacott

Economic Policy Research Institute. EPRI Working Papers

No abstract provided.

2006-5 Nonparametric Identification And Estimation Of Finite Mixture Models Of Dynamic Discrete Choices, Hiroyuki Kasahara, Katsumi Shimotsu

Department of Economics Research Reports

No abstract provided.