Economics Commons^™

The Effect Of Financial Ratios And Market Hype On Short Term Stock Prices, Adam F. Turk '06

Honors Projects

This paper considers possible sources of short term changes in stock price. By predicting these changes, analysts can learn about the forces that drive the stock market enabling investors to earn greater returns. Studies conducted throughout the twentieth century have provided a conclusive basis for stock market analysis. The concept behind these studies is the use of intrinsic ratios to determine a change in stock price. Unfortunately, few studies have produced truly relevant results. This failure led to the introduction of a new variable into stock market analysis: hype. Hype consists of non-market factors that can affect the price of …

Speakers For Eco108-104, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Shaikh, A. (n.d.). List of speakers for ECO 108/104 [Unpublished handwritten list]. Anwar Shaikh, PhD.

• Shaikh, A. (1999, December 22). Labor process and endogenous technical change (ECO 104) [Unpublished handwritten notes]. Anwar Shaikh, PhD.

• Shaikh, A. (2003, Spring). Course outline for GECO 5108: World political economy [Unpublished course outline]. Anwar Shaikh, PhD.

• Globalization and the myths of free trade conference. (2003, April 18). [Unpublished flyer].

• Shaikh, A. (2006, Spring). GECO 5108 and LECO 4505: World political economy [Unpublished course syllabus]. Anwar Shaikh, PhD.

• Shaikh, A. (2002, Spring). Reading list for GECO …

Wynne's Accounting, Anwar Shaikh Phd

Archives of Anwar Shaikh

• Firm production, valuation of work in progress, and profits. Godley, W. (n.d.). [Typescript note with extensive handwritten annotations]. Unpublished manuscript.

• Sales, demand, ex ante budget constraints, and NIPA. Shaikh, A. (2006, November 12). [Handwritten notes with equations]. Unpublished manuscript.

• RePEc password reminder. (2005, November 13). [Email printout]. Personal communication.

Gender, Marriage, And Asset Accumulation In The United States, Lucie Schmidt, Purvi Sevak

Economics: Faculty Publications

Wealth accumulation has important implications for the relative well-being of households. This article describes how household wealth in the United States varies by gender and family type. Evidence is found of large differences in observed wealth between single-female-headed households and married couples. Although some of this gap reflects differences in observable characteristics correlated with gender and wealth - such as position in the life cycle, education, and family earnings - controlling for these characteristics reduces but does not eliminate the estimated wealth gap. The wealth holdings of single females in the US, controlling for these same characteristics, are also significantly …

Health Disparities And Infertility: Impacts Of State-Level Insurance Mandates, Marianne Bitler, Lucie Schmidt

Economics: Faculty Publications

Objective: To determine whether important racial, ethnic, or socioeconomic status (SES) health disparities exist in infertility, impaired fecundity, or infertility treatment. Design: Four waves of the National Survey of Family Growth (NSFG) were pooled. Measures were compared across various race/ethnicity, education, and age groups. Participant(s): Data for 31,047 women 15-44 years old from the NSFG were pooled. Intervention(s): Outcomes were compared by whether the women's states of residence had a mandate in place (at least 1 year before the interview) to compel insurers to cover or offer to cover infertility treatment. Main Outcome Measure(s): Infertility status, impaired fecundity, ever having …

Islam And Labor Law: Some Precepts And Examples, Karen Pfeifer

Economics: Faculty Publications

Labor law officially defines relationships between employers and employees and the formal constraints under which each group operates, such as how much leeway managers have in hiring and firing employees, and how much freedom workers have to organize collectively. These relations are at the core of the productive processes that sustain society. Further, through the presence or absence of specific codes regulating the employment of women and children, labor legislation provides clues to the economic underpinnings of gender and family relations within a country. In reality, the codes may not be fully enforced, or may be enforced selectively by sector …

The Political Demography Of The World System, 2000-2050, Paul Demeny, Geoffrey Mcnicoll

Poverty, Gender, and Youth

Population policies are deliberately constructed or modified institutional arrangements and/or specific programs through which governments influence, directly or indirectly, demographic change. For any given country, the aim of population policy may be narrowly construed as bringing about quantitative changes in the membership of the territorially circumscribed population under the government’s jurisdiction. Governments’ concern with population matters can also extend beyond the borders of their own jurisdictions. Thus, international aspects of population policy have become increasingly salient. This Population Council working paper briefly discusses how individual and collective interests were reconciled in traditional societies, summarizes the population policy approaches adopted by …

The Boston Mpo Planning Process And Low-Income Suburban-To-Suburban Transportation Needs, Phillip Granberry, Michael Landon, David Terkla

Economics Faculty Publication Series

The rapid evolution in the Boston MPO transportation planning process is discussed as well as its particular application to the suburban-suburban transportation needs of low income individuals. The results of two experiments designed to improve access to transportation for low income suburban individuals are discussed and policy suggestions are made for improving such access.

The Theory Of The Firm, The Theory Of Competition And The Transnational Corporation, Janis Kapler

Economics Faculty Publication Series

Coase’s 1937 paper on “The Nature of the Firm” formed the basis of the transaction-cost and internalization theories of transnational enterprises in the 1970s-1990s. These emphasized the problem of firms transferring intangible assets across national borders. Newer theories of the firm adopt resource-based Penrosian, knowledge-based, capabilities and evolutionary perspectives, yet most continue to explain the international firm as a function of transaction-cost economizing. It is argued that Coase’s intention was to present a theory of the firm abstracted from its competitive environment. The application of this approach to a theory of the TNC is flawed because it cannot explain the …

The Dynamics Of Income Diversification In Ethiopia: Evidence From Panel Data, Adugna Lemi

Economics Faculty Publication Series

Block and Webb (2001) in Food Policy address the issue of the dynamics of livelihood diversification in Ethiopia. Their study uses the ratio of per capita income derived from crops to the sum of all other incomes as an indicator of livelihood diversification for the years 1989 and 1994. Their study focuses only on drought-prone areas during the survey years. The aim of the present study is to explore further the demographic and economic determinants of the dynamics of income diversification using survey data. The data used in this study cover larger and more representative sample and was colleted from …

Fueled By Technology Market Demand, Massachusetts Economic Growth Increases, Alan Clayton-Matthews

Public Policy and Public Affairs Faculty Publication Series

The pace of economic growth in Massachusetts has picked up significantly, beginning in the fourth quarter of last year, reflecting improved worldwide markets for information technology equipment in the last half of 2005. This resurgence in technology markets helped reverse a deceleration in state economic growth that the state experienced between mid-2004 and the third quarter of 2005. The Massachusetts economy has performed better over the last six months than at any time since the current expansion began in the second quarter of 2003. The recent pace of expansion matched the long-term average growth in real gross state product of …

Look For Little Growth In The First Half Of 2006, Alan Clayton-Matthews

Public Policy and Public Affairs Faculty Publication Series

The state’s economy remains stuck in slow gear, and may no longer even be moving forward. In the face of slow employment growth, a population and brain drain, a sharp spike in energy costs, volatile consumer confidence, housing prices that are clearly cooling, increasing federal budget deficits, trade deficits and rising interest rates, perhaps it’s good news that the economy has been able to grow at all.

2006 Year In Review: Slow And Steady Does It For 2006, Alan Clayton-Matthews

Public Policy and Public Affairs Faculty Publication Series

The state’s economy continued to expand in 2006, continuing a path of slow, steady growth that began in 2003. By most measures, such as employment, output, labor force, and population growth, it was the best year so far of the recovery, but not by much; and the pace of expansion has been much slower than that of the two prior ones of the 1990s and 1980s. Weighing on the economic accomplishments of the year was a decline in the housing market and a rise in unemployment of the state’s residents, setting the stage for a likely slowing of growth in …

Making Happiness In West Egg And Simburbia: An Inquiry Into Consumption In The Great Gatsby And The Sims, Shawn Thomson

Reconstruction: Studies in Contemporary Culture

[First two paragraphs]

At the end of F. Scott Fitzgerald’s The Great Gatsby, Nick Carraway reflects of his journey to the East: “this has been a story of the West” (184). Nick never explains exactly how this is the case, particularly odd since all the action takes place between Manhattan and Long Island. Nick’s hesitant explanation for this puzzling conclusion lies in the western origin of the central characters of the novel and their inability to adapt “to Eastern Life” (184). But the characters seem a part of, if not overshadowed by, the riotous world of West Egg. Only …

Inter-Industry Gender Wage Gaps By Knowledge Intensity: Discrimination And Technology In Korea, William C. Horrace, Beyza P. Ural, Jin Hwa Jung

Center for Policy Research

A new gender wage gap decomposition methodology is introduced that does not suffer from the identification problem caused by unobserved non-discriminatory wage structure. The methodology is used to measure the relative size of Korean gender wage gaps from 1994 to 2000 across industries, differentiated by industrial knowledge intensity, where knowledge intensity is the extent to which industries produce or employ high-technology products. Korea represents an important case study, since it possesses one of the fast growing knowledge-intensive economies, among industrialized countries. Empirical results indicate that over this period, discrimination (the unexplained portion of the gender wage gaps) in Korea was …

The Effect Of Macroeconomic Conditions On Traffic Fatality Rates Across The United States, Katie R. Greenwalt

Masters Culminating Experiences (1993-2011)

This study uses state-level data to estimate the effects of macroeconomic conditions on traffic fatality rates. Data was averaged over a five year period (1999-2003) and regression analysis was used to estimate a model to explain the impact of unemployment rates and income on traffic fatalities per vehicle mile traveled across the 50 United States. Variables were also included to control for other factors that affect state fatality rates. These factors include per capita alcohol consumption, speed limits, the percentage of teenage drivers, the relative strength of teenage driving laws, and average state temperature. A dummy variable was also included …

Assessment Of The Technology Of Genetic Modification In Light Of Its Socio-Economic Implications, Valentina Lootens

Masters Culminating Experiences (1993-2011)

Since Watson and Crick discovered the “double helix” in 1953, the arguments about the benefits and danger of genetic modification remain largely unanswered, particularly in the relation to food supply. Today, genetic modification or genetic engineering are global issues. Governments, scientific organizations, corporations, research institutions, and scholars hotly dispute the advantages and disadvantages of GM technology. However, unfortunately, the population at large is left in darkness about this new technology and its consequences for human health, environment and society. Moreover, genetic engineering creates a special problem: unlike many new technologies it is irreversible. Once introduced into the food chain, GM …

The Impact Of Income Inequality On Carbon Dioxide Emissions (Co2) And The Co2-Gdp Link, Mohamed Alassane Moulaye

Masters Culminating Experiences (1993-2011)

This paper examines the impact of income inequality on carbon dioxide emissions and the relationship between CO2 emissions and GDP using panel data. It initially examines the relationship between income and environmental degradation without introducing the inequality variable, but then examines how inequality affects CO2 emissions and their relationship with economic growth.

Relying on the linear functional form equations of the levels and log models, this paper finds evidence that support specifications which assume the constancy of the relationship between per capita C02 emissions and per capita GDP. The results of the cubic functional form equations of the log models …

The Subtlety Of Political Risk With Foreign Direct Investment: The Case Of The Vietnamese Sugar Industry, Tom Arnold, Bonnie Buchanan, Janice Lo

Finance Faculty Publications

Political risk entails more than a host country taking advantage of investment from foreign sources. A more subtle form of political risk is attributable to the host government's mismanagement of policies that may be intended to attract foreign direct investment, but may have unintended consequences. A perfect example is the ''One Million Tonne Sugar Program " sponsored by the government of Vietnam during the mid-1990s. What appears to be a very lucrative investment for foreign investors becomes a financial disaster due to the inability of the government to allocate resources efficiently and police its borders from smugglers.

Chinese Modernization And The Development Of Minority Economies, Stephen Bisogno

Seton Hall University Dissertations and Theses (ETDs)

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The Postmodern Hoard: Rates Of Exchange In Role-Playing Games, Carlos Hernandez

Reconstruction: Studies in Contemporary Culture

What makes Dungeons & Dragons (D&D) unique among games is the way it merges storytelling with game mechanics. Before the invention of D&D, both acting/narrative-based games and strategy-based war games that made use of fantasy-genre elements existed, but the way D&D integrates both elements invented a whole new category of game, one in which the immersive draw of a plot proves just as important as good tactics or luck of the dice. This chapter explores the relationship between the qualitative and quantitative aspects of D&D. Specifically, it argues that the rules of the game provide quantitative corollaries to aspects of …

Adam Smith: Why Decentralized Systems?, Maria Pia Paganelli

Economics Faculty Research

James Otteson's book (2002) is a comprehensive and clear analysis of Smith's two works -- Wealth of Nations and The Theory of Moral Sentiments -- and their relation. Otteson's detailed analysis shows how, for Smith, market systems and moral systems are similar. Both are generated by individual decisions. And both generate unintended systemic social order. I think Otteson;s analysis is correct. In this paper I develop one possible implication of Otteson's reading of Smith (that Otteson did not develop) aimed at justifying his Smith's position (as read by Otteson).

Smith describes human beings as imperfect and not perfectible. Given all …

Vanity And The Daedalian Wings Of Paper Money In Adam Smith, Maria Pia Paganelli

Economics Faculty Research

Adam Smith presents a detailed technical analysis of both private and public credit. Many contemporaries, including David Hume, recognized that public credit, and in part private credit, could be used to affect the economy, either for good or bad. Nevertheless, Smith does not seem to recognize the full potential of public credit as a policy instrument whether as a way to stimulate the economy, fine-tune it, or cause economic disasters. The reason for this shortcoming may be Smith's downplaying the desire for power and benevolence as motivational forces in human conduct, due to his emphasis on vanity instead.

The Factors Influencing The Price Of Beef, An Econometric Study, John David Kamienski

Presidential Scholars Theses (1990 – 2006)

The beef industry in the United States is changing on a daily basis. Retailers across the country are always striving to increase profits and cut costs. Through econometric study, this paper looks at viewing different factors that influence the final price and cost of beef to the retailer. With good results, a retailer can use this knowledge to achieve their ultimate goal: to make more money.

Modeling Small Business Growth, Migration Behavior, And Household Income In Appalachia: A Spatial Simultaneous Equations Approach, Gebremeskel H. Gebremariam, Tesfa Gebremedhin, Peter V. Schaeffer

Regional Research Institute Working Papers

In this paper, a spatial simultaneous equations model of business growth, migration behavior and median household income is empirically estimated. The empirical simultaneous model is developed from the equilibrium relationships among these variables where each variable is assumed to adjust to its equilibrium level with a substantial lag through a partial equilibrium adjustment process. We use Generalized Spatial Three-Stage Least Squares estimator to estimate the empirical model using data from 418 Appalachian counties for 1990- 2000. The results suggest the existence of very strong interdependences among business growth, migration behavior and median household income in the form of feed-back simultaneities, …

Limit Theorems For Functionals Of Sums That Converge To Fractional Stable Motions, P. Jeganathan

Cowles Foundation Discussion Papers

No abstract provided.

Northeast Ohio Employment And Wage Trends: Economic Brief, January 2006, Ziona Austrian Ph.D.

All Maxine Goodman Levin School of Urban Affairs Publications

This brief is a second release of a publication that provides a broad overview of employment and wage trends for Northeast Ohio (NEO). It updates the first brief with data for the first quarters of 2004 and 2005. Its objective is to provide a quick, current, and informative report on the region’s economy. NEO is defined as a 14-county area composed of four metro areas – Cleveland, Akron, Canton, and Youngstown – and three additional adjacent counties (Ashtabula, Columbiana, and Wayne). This brief begins with longer-term analysis from 1993 followed by short-term trends from the first quarter of 2003 through …

Substitution Between Money And Near Monies In Switzerland, Subhash C. Sharma, Magda Kandil, Abdur Chowdhury, Tammy Parker

Economics Faculty Research and Publications

This paper investigates the substitutability between money and near-money assets during the period 1976 to 1996 in Switzerland. Financial developments have made a variety of instruments available to store wealth and conduct economic transactions. These developments have generated a "near money" component in households' and businesses' portfolio balances. It is important to evaluate the effect of "near-money" on money demand and the effectiveness of monetary policy. Towards this goal, five monetary assets: currency and demand deposits at commercial banks, demand deposits with the postal system, deposits on transaction accounts with banks, savings deposits and time deposits are considered. We evaluate …

Called Up To The Big Leagues: An Examination Of The Factors Affecting The Location Of Minor League Baseball Teams, Michael C. Davis

Economics Faculty Research & Creative Works

In this study we analyze the factors that determine whether a particular city has a minor league baseball team and the level at which that team competes. Using the generalized ordered logit model we determine that higher population, personal income, and time from nearest Major League Baseball team all have a positive effect on the city's having a minor league baseball team and having one at a higher level. The finding that personal income has a positive effect on the level of the baseball team, combined with past studies suggesting income does not affect minor league baseball attendance, leads us …

Theoretical Perspectives On Industry Clusters, Gashawbeza W. Bekele, Randall Jackson

Regional Research Institute Working Papers

The concept of industry clustering has generated much discussion in regional economic development theory and practice in recent years. Yet it is fair to say that an accepted definition or a unified theoretical framework has failed to emerge from the discussion, as the concept often seems to enliven itself under divergent theoretical approaches, including but not limited to work on agglomeration economies, industrial districts, business networks, knowledge spillovers, and regional innovation systems. This paper provides a review of the major theoretical propositions that seek to explain the clustering of economic activity and its presumed link with regional economic development. While …