Economics Commons^™

Cse1, Cse2, Fredholm, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Laski, K. (1981, December). Review of Essays on the theory of joint production [Highlighted Journal of Economic Literature review of Luigi L. Pasinetti's edited volume].
• JSTOR. (2007, August 17). Review of Essays on the theory of joint production: Repository information page [Access, use, and preservation information for the Laski review].
• Newton, A. (2007, July 9). Referee invitation for The weakness of the empirical labour theory of value: Evidence from the supply and use tables of the Greek economy [Cambridge Journal of Economics letter inviting Shaikh to referee manuscript 2475].
• Cambridge Journal of Economics. Referee's report: Manuscript 2475 …

A Close Look At Foreign Aid Fungibility And Government Spending: Evidence From Sub Saharan Africa, Seifu Zerihun Gebrehanna

Masters Theses

Foreign aid in different times and at different places has been highly effective, totally ineffective, and everything in between. Primarily, aid is intended to boost public spending in social and economic sector of the recipient government. However, foreign aid, in some cases used for 'non-productive' or 'wasteful' forms of recurrent expenditure such as enlarging the army or paying off the debts of parastatal organizations, increases of salaries of government officials. Hence, aid has a fungible portion in which it will be difficult to determine its impact on government spending. In this study, nine countries panel data were used for the …

Counterfeiting Truth: Statistical Reporting On The Basis Of Trust, David M. Levy, Sandra J. Peart

Jepson School of Leadership Studies articles, book chapters and other publications

Semantics and game theory offer modern approaches to very old problems.¹ David Lewis introduced game theoretic concepts into the study of language in his examination of conventions.² In this chapter we study the language of a specific sort of conventions: statistical estimators. Such estimators have the important property of being both well-defined mathematical objects and devices that form the basis of factual claims asserted and, perhaps, believed by rational agents.³ The convention we analyze allows econometric reporting to proceed on the basis of trust.⁴ In contrast with Lewis, we shall demonstrate that such a convention is …

Counterfeiting Truth: Statistical Reporting On The Basis Of Trust, Sandra J. Peart, David M. Levy

Jepson School of Leadership Studies articles, book chapters and other publications

There are two parts of our chapter. First, we review Adam Smith's argument that the evolution of monetary institutions is tied up in the problem of detecting deceitful metal offered in exchange. Smith points to no such comparable institution by which deceitful policy advocacy is detected and severely punished.⁵ Yet his recommendation for caution in the evaluation of policy advocacy points to the caution that routinely prevailed in monetary matters before public safeguards evolved to make the metallic content of the medium of exchange transparent and to preserve its quality. Second, we tum to a different sort of deceit, …

Investigating Biodiversity: An Economic Analysis Of Global Endangered Species Loss, Kyle Baumgartner

Masters Theses

There has been a rapid increase in interest among economists to examine the economic causes of biodiversity loss. The goal of this thesis is to investigate biodiversity loss using percentage of endangered species across countries for a three year period of time. This is accomplished by developing a series of models to examine the impact of various economic factors on biodiversity loss, in this case using percentage of threatened species as a proxy.

The results indicate that the development of economic growth can impact endangered species loss. The results also demonstrate that there is a relationship between percentage of endangered …

Endowment Effects In Chimpanzees, Owen D. Jones, Sarah F. Brosnan, Susan P. Lambeth, Mary Catherine Mareno, Amanda S. Richardson, Steven Schapiro

Vanderbilt Law School Faculty Publications

Human behavior is not always consistent with standard rational choice predictions. The much-investigated variety of apparent deviations from rational choice predictions provides a promising arena for the merger of economics and biology. Although little is known about the extent to which other species also exhibit these seemingly irrational patterns of human decision-making and choice behavior, similarities across species would suggest a common evolutionary root to the phenomena.

The present study investigated whether chimpanzees exhibit an endowment effect, a seemingly paradoxical behavior in which humans tend to value a good they have just come to possess more than they would have …

How Growing Inequality Hurts The Middle Class, Robert H. Frank

Clemens Lecture Series

No abstract provided.

Competition And Market Integration : The Case Of China's Auto Industry, Xi Tian

Lingnan Theses

The “special treatments” of automobile industry in China, especially in the forms of local protectionism, have been criticized as evidences of domestic market fragmentation for long. Whether these “special treatments” have stunted the integration of a national auto market in China remains a question.

This paper seeks to examine the degree of market integration in the automobile markets in China by using tests of cointegration between prices of spatial markets. Several econometric approaches for spatial price analysis, including the ADF unit root test, Maddala-Wu’s Fisher type panel unit root test and more restrictive Dufour-Torres panel unit root test are applied …

Consumer Protection In The Hong Kong Telecommunications Sector : Implications For Competition Policy, Ching Yi, Cherry Cheung

Lingnan Theses

Competition policy is meant to ensure a level-playing in the market, but its ultimate goal is to enhance consumer interests. The telecommunications sector is one of the two sectors that have set up a competition policy in Hong Kong. This paper examines the current competition policy framework in the telecommunications sector by analyzing the level of consumer protection using the Structure-Conduct-Performance Paradigm. It examines in detail the consumer related complaint cases received by the Office of the Telecommunications Authority in four markets: fixed line telephone services, mobile phone services, International Direct Dialing services, and Internet services. Regression analysis results reveal …

In Search Of An Optimal Basket For The Renminbi, Yiu Pong Choy

Lingnan Theses

In July 2005, Mainland China announced that she would adopt a more flexible exchange rate regime, “making reference to a basket of currencies”, instead of the de-facto peg to US dollar. This raises questions of how the new system works and what the best weights and composition are in China’s circumstances. In review of the literature, this paper first reviews the internal and external forces for China to reform her regime in 2005 suggested by Chinese and foreign scholars. Afterwards several stages of exchange rate regime of China since 1970s are examined. Then it compares simulated exchange rate movements and …

Ukuran Optimal Pemerintah Daerah Di Indonesia: Studi Kasus Pemekaran Wilayah Kabupaten/Kota Dalam Era Desentralisasi, Suahasil Nazara, Nurkholis Nurkholis

Jurnal Ekonomi dan Pembangunan Indonesia

This study tries to measure the optimum size of regional government (municipality/city) which will support the accomplishment of decentralization policy's objectives. The result of this study will conclude how the reformation pattern toward regional government in Indonesia should be done. The result of regressing translog and quadratic functions using cost per capita minimization approach shows the existence ofeconomy of scale from the size ofmunicipality/city's population. Using maximization approach, it is also shown that Municipality/city government expenditure is not efficient yet and has not supported the efforts to accomplish the desired development performance. With various regulations, the significant variable used in …

Book Review: Social Justice: The Moral Foundations Of Public Health And Health Policy, Robin West

Georgetown Law Faculty Publications and Other Works

This essay is a review of Social Justice: The Moral Foundations of Public Health and Health Policy by Madison Powers & Ruth Faden (2006).

In this pathbreaking book, senior bioethicists Powers and Faden confront foundational issues about health and justice. How much inequality in health can a just society tolerate? In a world filled with inequalities in health and well-being, which inequalities matter most and are the most morally urgent to address? In order to answer these questions, Powers and Faden develop a unique theory of social justice that, while developed for the specific contexts of public health and health …

Odious, Not Debt, Anna Gelpern

Georgetown Law Faculty Publications and Other Works

This article argues that the doctrine of Odious Debt, which has enjoyed a revival since the U.S. invasion of Iraq in 2003, frames the problem of odious debt in a way that excludes most of the problematic obligations incurred by twentieth-century despots. Advocacy and academic literature traditionally describe the odious debt problem as one of government contracts with private creditors. Most theories of sovereign debt key off the same relationship. But in the latest crop of cases, including Iraq, Liberia, and Nigeria, private creditors represent a small fraction of the old regime's debts. Most of the creditors are other governments …

Culture Change, Lan Cao

Faculty Publications

No abstract provided.

'The Good Policy Of The Magistrate': Deflation As A Policy Option In David Hume's Economic Essays, Maria Pia Paganelli

Economics Faculty Research

In his 1752 essay Of Money, David Hume proposes that a good policy for a magistrate would be to keep money still encreasing. This paper proposes that, for Hume, money can be kept still encreasing through deflationary policies, rather than through inflationary policies as commonly presented in the literature. Decreasing the quantity of money in circulation in an open economy decreases prices and gives a competitive edge to the country's products. The increase in exports keeps money still encreasing. Deflation may be achieved through the promotion of hoarding and non-monetary uses of precious metals. The position of this paper is …

The Role Of Real Exchange Rate On Output And Trade Balance: Evidence From Ethiopia, Daniel Getachew Ayele

Masters Theses

This paper examines the role of exchange rates in determining the trade balance and output behavior for Ethiopia. Conventional wisdom says that a real devaluation improves the trade balance and has an expansionary impact on output. Empirically, the evidence for both developed and developing countries has been inconsistent in either rejecting or supporting this hypothesis. This paper attempts to find evidence for these conditions. It uses a regression model formulation which includes income and money so that the monetary and absorption approaches to the balance of payments are also examined. The econometric procedure used is the Engle-Granger two-step method to …

Efektivitas Quantum Channel Dalam Mekanisme Transmisi Kebijakan Moneter: Studi Kasus Indonesia Tahun 1993-2005, Fajar Bambang Hirawan

Jurnal Ekonomi dan Pembangunan Indonesia

In the year 2002, Y. V. Reddy introduced a new thought in monetary economics theory, especially about transmission mechanism of monetary policy. Reddy classified the channels of transmission mechanism into three types, there are quantum channel, interest rate channel, and asset price channel. Quantum channel consists of two channels, there are money channel and credit channel. This research will examine the differences between money channel and credit channel, the factors which affect volume of money supply (M2) and credit, the stability of quantum channel, and also effectiveness of quantum channel, especially related on its role to push the economic growth. …

Neuroeconomics, Philosophy Of Mind, And Identity, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Identity And Commitment: Sen's Fourth Aspect Of The Self, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Effective Foreign Aid, Economic Integration And Subsidiarity: Lessons From Europe, Abdur Chowdhury, Paolo Garonna

Economics Faculty Research and Publications

The paper shows that the question that is relevant for the debate on the efficacy of development assistance is not so much as an issue of how much, but rather for what. In view of the growing awareness of ODA’s inefficiency in achieving intended aims, this paper proposes an alternative approach to development assistance policies – economic integration and subsidiarity provides the conditions necessary for ODA to produce higher rates of economic growth on a sustainable basis. Europe is an excellent case in point, in this context. Europe has in the last decades experienced a number of success stories in …

Inflation, Theory And Data, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Capacity utilization and output gap measures in inflation theory by Anwar Shaikh
• Inflation theory empirical test US by Anwar Shaikh
• Definitions of domestic credit and depository corporations survey by an anonymous interlocutor
• My inflation model by Anwar Shaikh
• Theories of demand-led inflation by Anwar Shaikh
• Credit and GDP patterns by Anwar Shaikh
• Stock-flow accounts and turbulent macrodynamics by Anwar Shaikh

Pro Teams Should Reward Good Off-Field Behavior, Porcher L. Taylor Iii, David R. Maraghy

School of Professional and Continuing Studies Faculty Publications

Professional sports—particularly the NFL and NBA, whose players clearly are behavioral models for kids and even young adults—should join the cash-for-performance movement by rewarding players for their exemplary good citizenship off the field. Why not reward integrity-passionate athletes like Matt Hasselbeck of the Seattle Seahawks or Willie McGinest of the Cleveland Browns with annual bonuses of $100,000 each—or donate that amount to their favorite charities? Such a bonus program would require more than being scandal-or police-blotter-free for a year. To qualify, players would have to travel at the highest moral altitude of sports ambassadorship and citizenship. Character counts and should …

Stock Flow, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2001, February 4). Ex ante SAM [Handwritten course notes for Eco 205]. Unpublished manuscript.

• Shaikh, A. (2001, February 5). Ex ante and ex post stock-flow accounts [Course paper for Eco 205new]. Unpublished manuscript.

• Duncan. (n.d.). Conference outline [Unpublished outline]. Unpublished manuscript.

• Shaikh, A. (2007, March 13). Ch. 11 stock flow accounts [Book chapter manuscript]. Unpublished manuscript.

• Shaikh, A. (2007, March 22). Classical accounting and national income accounts [Unpublished paper]. Unpublished manuscript.

• Shaikh, A. (2007, February 21). Ch. 11 stock flow accounts [Book chapter manuscript]. Unpublished manuscript.

• Shaikh, A. …

The Race To The Center And Other Lessons Of Globalization, Jagdish N. Bhagwati

Faculty Scholarship

An Interview with Kenta Tsuda, New York, NY, 1 June 2006.

]agdish Bhagwati is a professor of economics and law at Columbia University and senior fellow in international economics at the Council on Foreign Relations. His publications include The Economics of Underdeveloped Countries and In Defense of Globalization. He is the founder of the Journal of International Economics and Economics & Politics.

Two Essays On Lead-Lag Patterns Between Trading Volume And Stock Return In China Stock Markets, Xiaotian Zhu

Theses and Dissertations in Business Administration

This dissertation systematically investigate the lead-lag relations between the trading volume and stock return patterns in China A share and B share markets through two streams of behavioral postulations. In the first part, we summarize all the potential lead-lag patterns between trading volume and stock returns and link them to the corresponding behavioral explanations. In particular, Lee and Swaminathan's (2000) Momentum Life Cycle theory best explains the strong negative relations between lagged trading volume and subsequent return in China A share market. The strong positive relations between lagged market return and subsequent trading volume found in both China's B share …

The Microeconomics Of International Price Dispersion, Ozlem Inanc

LSU Doctoral Dissertations

This dissertation investigates the reasons behind international price dispersion. The first essay, “International Price Dispersion and the Direction of Trade”, discusses the importance of trade cost as a determinant of international price dispersion. The importance of trade costs in segmenting product markets can not be captured by considering aggregate prices or in the absence of information on the direction of trade. The first essay, addresses this problem by utilizing product-specific prices along with cross-sectional productivity measures and bilateral trade flows that allow us to identify the probable source of any one product. The empirical approach used in this work is …

Interest Rate Hicks, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2007). Theories of interest rates: Expectations and conventions in interest rate theories (Unpublished manuscript) (22-25_Inte... p. 2).
• Dodds, J. C., & Ford, J. L. (1992). Expectations, uncertainty and the term structure of interest rates. Taylor & Francis (22-25_Inte... p. 2).
• Ford, J. L., & Stark, T. (1967). Long and short-term interest rates: An econometric study. Augustus M. Kelley (22-25_Inte... p. 3).
• Ciocca, P., & Nardozzi, G. (1996). The high price of money: An interpretation of world interest rates. Clarendon Press (22-25_Inte... p. 3).
• Patinkin, D. (1972). Studies in monetary economics. Harper …

Interest Rate Theory Ii, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Competition, finance and interest rates v2 by Anwar Shaikh, PhD (Unpublished manuscript, July 16, 2007) (22-39_Int ... p. 3)
• Interest rates and Gibson's paradox by Anwar Shaikh, PhD (Unpublished handwritten notes, June 29, 2007) (22-39_Int ... p. 12)
• Theories of interest rates by Anwar Shaikh, PhD (Unpublished manuscript, July 5, 2007) (22-39_Int ... p. 13)
• Difference between bond ROR's and YTM's by Anwar Shaikh, PhD (Unpublished handwritten notes, November 24, 2004) (22-39_Int ... p. 17)
• Profit rates, interest rates, and arbitrage by Anwar Shaikh, PhD (Unpublished handwritten notes, June 13, 2007) (22-39_Int ... p. 22)
• Bond market …

Real Estate Mutual Funds: A Style Analysis, Crystal Lin, Kenneth Yung

Finance Faculty Publications

We find that the characteristics of real estate related securities are different from those of the general common equities. To help investors understand better the products offered by real estate mutual funds, we develop style descriptors that are specifically created for real estate related securities. Among the universe of real estate securities, we find real estate funds tilt toward large stocks and favor growth moderately over value. Growth managers outperform value mangers in this sector by 1.51% to 2.30% per year. However, there is evidence of shifts in the investment style among the funds. Our results help investors in evaluating …

Part Ii Turbulent Macrodynamics, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (n.d.). Part II: Turbulent macrodynamics [Folder cover].

• Shaikh, A., PhD. (2007, February 17). Part III: Turbulent macrodynamics [Outline, pp. 7–8, with handwritten notes].

• Shaikh, A., PhD. (2004, October; 2007, February 17). Outline: The economic analysis of the developed world [Outline].