Economics Commons^™

Part 5: An Almost Invisible Corner: Care For The Mentally Ill In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

According to the U.S. Center for Mental Health Services, an estimated 64,972 people (5.4 percent) suffer from serious mental illness in Hampton Roads. Beginning in the 1970s, these individuals largely have been deinstitutionalized and now live within our communities, where they are served primarily by nine community services boards.

Part 7: Ranking Hampton Roads: Hot Or Not?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

The two most respected rankings of the livability of metropolitan areas are David Savigeau’s Places Rated Almanac (PRA) and Bert Sperling’s and Peter Sander’s Cities Ranked and Rated (CRR). In their most recent editions, PRA ranked Hampton Roads 20th in the nation among 370-plus metro areas, while CRR ranked our region 137th. We analyze where these ratings come from and how we compare to other areas.

2008 City Of El Paso Citizen Survey, Carlos Olmedo, Daniel J. Quiñones, Dennis L. Soden, Dannette De Leon, Michael F. Vargas

IPED Technical Reports

The Institute for Policy and Economic Development (IPED) at the University of Texas at El Paso was contracted by the City of El Paso to conduct a survey of citizen attitudes and perceptions about City services and general quality of life issues. This survey followed two previous surveys of a similar nature conducted by IPED in 2004 and 2006. Goals of the survey are to identify areas of focus for targeting improvements in City services and customer relations and to follow up on progress from the findings of previous surveys.

Valuing The Paso Del Norte: Resident And Business Perspectives On The Value Of The Environment Relative To Reopening The Asarco Copper Smelter, Carlos Olmedo, Dennis L. Soden, Osvaldo Morera, Mathew Mcelroy, David A. Schauer, Sergio Pena , Cesar Fuentes, Mario E. Caire, Janet S. Conary, Roberto Tinajero, Daniel J. Quiñones, Elizabeth K. Gibson

IPED Technical Reports

In an earlier study, the economic impact of ASARCO reopening its smelter operations in El Paso was conducted. In impact analysis, the economic contribution of a business is only one side of the story since it tells what types of firms benefit from an impact, but it tells nothing about whether those benefits are equitable. These trade offs are policy analysis concerns that are best understood with all available information. In this regard, IPED has been contracted to examine other amenity and economic factors that may lend themselves in support and/or opposition to the reopening of ASARCO.

Sustainable Reuse Strategies For Vacant And Abandoned Properties, Kathryn W. Hexter, Cathryn Greenwald, Mary Helen Petrus

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

More Crabs, But Still No Barrel, John Henry Schlegel

Other Scholarship

No abstract provided.

Exchange Rate Changes And Trade Balance: An Empirical Study Of The Case Of Japan, Ziwei Shao

Dissertations and Theses Collection (Open Access)

This paper attempts to identify the major economic factors that influence the bilateral trade balance between Japan and the US. Differing from conventional elasticities approach, one more variable--the net foreign assets--is added in the Vector Autoregression estimation using quarterly data from 1980: I to 2006: IV. The Johansen and Juselius result indicates three long-run relationships among five macro variables: trade balance, domestic income, foreign income, net foreign assets and real exchange rate. Short run adjustment parameters are identified as coefficients of the error correction terms. The variance in trade balance due to variations in the two macro variables--the exchange rate …

Nafta Toward A Common Currency: An Economic Feasibility Study, Kelly Hugger

Undergraduate Economic Review

The recent emergence of the Euro, combined with the completion of a decade of North American Free Trade Agreement (NAFTA) has sparked interest in adopting a common currency for North America. This study examines the likelihood that Canada, Mexico, and the United States will adopt a common currency under fixed exchange rate regimes. The benefits and costs of a common currency are explored using the theory of optimum currency areas (OCA). Empirical research focuses on several variables including intra-regional and intra-industry trade, trade openness, gross domestic product, inflation rates, interest rates, economic growth rates, business cycle synchronization, factor mobility, fiscal …

Portfolio Construction: The Efficient Diversification Of Marketing Investments, Michael P. Haydock

Walden Dissertations and Doctoral Studies

Efforts in the marketing sciences can be distinguished between the analysis of individual customers and the examination of portfolios of customers, giving scarce theoretical guidance concerning the strategic allocation of promotional investments. Yet, strategic asset allocation is considered in financial economics theory to be the most important set of investment decisions. The problem addressed in this study was the application of strategic asset allocation theory from financial economics to marketing science with the aim of improving the financial results of investment in direct marketing promotions. This research investigated the components of efficient marketing portfolio construction which include multiattribute numerical optimization, …

"Eds & Meds" And Metropolitan Economic Development, Timothy J. Bartik, George A. Erickcek

Employment Research Newsletter

No abstract provided.

Training Within Oil And Gas-Based Industries In The State Of Qatar, Hend A. Jolo

Business Review

This research is an exploratory study that investigates training in the state of Qatar. It is carried out with the intention to provide an insight into such a process among national workers in the Oil and Gas-based Industries (OGBI), which is one of the most significant economic sectors in the country. Additionally, the study also endeavors to investigate the training process and its related factors and practices that affects the development of their skills within the industry, such as their educational background, promotion and training incentives. It is found that educational attainment had influenced the Qatari workers' achievement of their …

Carbon Emission Trading System Analysis: Schemes Selection, Permits Allocation, And Auction Revenue Distribution, Nan Zhang

Masters Culminating Experiences (1993-2011)

The carbon trading system is one mechanism proposed to reduce carbon dioxide emissions and to solve global warming. The key issues in adopting a carbon trading system include trading schemes selection, emitting permits allocation, and auction revenue distribution. This thesis discusses these problems from a Neoinstitutionalist perspective, and conducts an analysis under the socio-ecosystem framework rather than the restricted market system analysis. It is found that the most important issue is to set an appropriate cap for the total allowed emission amount through recognizing the socio-ecosystem value. The absolute cap-and-trade system is supported since it can decrease the emissions to …

Legacy Of The Clinton Bubble, Timothy Canova

Law Faculty News Articles, Editorials, and Blogs

This article looks at the economy following the Clinton administration period in the White House.

Are De Jure Labor Laws Absolute? Formal Manufacturing In India, Gurmeet Singh Ghumman

Dissertations and Theses Collection (Open Access)

We investigate the view that de facto labor market conditions are important in evaluating the effects of labor institutions in developing countries where enactment does not necessarily imply enforcement. Using India as a case study we empirically investigate the effects of labor markets on the organized manufacturing sector from 1970 to 1997. Recognizing that the state can intervene in the outcome of labor disputes we construct a measure to proxy the degree of the state legislature's prejudice towards pro-worker causes. We argue that leftist and communist political parties can interfere in the resolution of disputes in favor of workers through …

Offshore Financial Havens: Their Role In International Capital Flows, Zhixiang Sun

Dissertations and Theses Collection (Open Access)

The purpose of this paper is to study the role of offshore financial havens in international capital flows. We examine the effects of being a tax haven, a money laundering centre or an offshore financial centre (OFC), which often overlap. We want to see whether these places are used as entrepots (which means temporary storage for funds) or as investment places or both. We mainly use two complementary data sets: bilateral cross-border asset holding and financial intermediation. One is a stock variable and the other one is a flow variable. We apply the gravity model to bilateral cross-border asset holding …

Rolling Adf Tests: Detecting Rational Bubbles In Greater China Stock Markets, Peng Huang

Dissertations and Theses Collection (Open Access)

Following Phillips, Wu and Yu (2007), this paper extends their bubble detecting work to several Greater China stock markets. Two alternative bubble detecting methods, the forward recursive ADF tests raised by Phillips et al. (2007) and the modified version, forward rolling ADF tests, are implemented and compared. Monte Carlo simulations are performed to determine the critical values of the ADF statistic under different sample size. Empirical results demonstrate that only rolling ADF tests are successful in detecting rational bubbles by overcoming the problem of periodically collapsing bubble. As we have expected, bubbles in China Mainland stock market are detected. Out …

Stock Markets And Income Inequality: A Cross-Country Study, Elizabeth Mathew

Dissertations and Theses Collection (Open Access)

This paper conducts a comprehensive analysis to understand how stock market ratios affect net income inequality. The study of how finance impacts income distribution is relevant as the income distribution of a nation influences savings decisions, resource allocation, innovation incentives and public policy and hence impacts the process of economic development. Using a cross-sectional data set of 68 countries and panel data set of 61 countries from 1975 to 2005, I apply cross-sectional OLS and panel regressions to look at how stock market size, liquidity, and activity impact income inequality. While stock market size is found to strongly impact income …

Ron Findlay Power & Plenty And Other Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2008, April 2). Ron Findlay: Power & plenty [Unpublished handwritten manuscript].

• Shaikh, A. (n.d.). ICI panel: Summary [Unpublished handwritten manuscript; Achin Vanaik noted as possible author; Delhi].

• Shaikh, A., & Subasat, T. (2001, June). Email correspondence on comparative advantage and absolute advantage theories [Email correspondence].

Workshops On Inequality, Development & Growth, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (n.d.). Workshop on inequality, development and growth [Folder cover with handwritten notes].

• [Author unknown]. (2008, April 29). Papers and abstracts for the workshop on inequality, development and growth [Conference papers and abstracts].

• [Author unknown]. (2008, April 29). Papers and abstracts for the workshop on inequality, development and growth [Duplicate copy of conference papers and abstracts].

• Seguino, S. (2008, April 28). Email to Anwar Shaikh regarding a JetBlue schedule [Email with handwritten equations].

• [Author unknown]. (2008, May 19–20). Schedule and list of participants for the workshop on inequality, development and …

Hedonic Adaptation And The Settlement Of Civil Lawsuits, John Bronsteen, Christopher J, Buccafusco, Jonathan S. Masur

Faculty Scholarship

This Essay examines the burgeoning psychological literature on happiness and hedonic adaptation (a person's capacity to preserve or recapture her level of happiness by adjusting to changed circumstances), bringing this literature to bear on the probability of pretrial settlement in civil litigation. The existing economic and behavioral models of settlement are incomplete because they do not incorporate the effect of adaptation on the sum for which a plaintiff is willing to accept an offer. When an individual first suffers a serious injury, she will likely predict that the injury will greatly diminish her future happiness. However, during the time that …

Vote-Trading In International Institutions, Ofer Eldar

Faculty Scholarship

There is evidence that countries trade votes among each other in international institutions on a wide range of issues, including the use of force, trade issues and elections of judges. Vote-trading has been criticized as being a form of corruption, undue influence and coercion. Contrary to common wisdom, however, I argue in this paper that the case for introducing policy measures against vote-trading cannot be made out on the basis of available evidence. This paper sets out an analytical framework for analyzing vote-trading in international institutions, focusing on three major contexts in which vote-trading may generate benefits and costs: (1) …

Burkina Faso, Michael Kevane

Economics

Burkina Faso's rich civic institutions are rooted in the history of the precolonial Mossi kingdoms, the traditions of stateless societies in the southwest, the Islamic brotherhoods that structure the lives of Muslims, the hundred-year presence of the Roman Catholic Church and Protestant missionary societies, and popular struggles for representation during the colonial and postindependence periods. This heritage is a constant feature of contemporary political discourse, with critics accusing the current regime of betraying the country's political traditions. The regime's defenders emphasize its continuity with the past and its efforts to restore civic life after the excesses of the revolutionary period …

Economic Growth In Kentucky: Why Does Kentucky Lag Behind The Rest Of The South?, Christopher Jepsen, Kenneth Sanford, Kenneth R. Troske

CBER Research Report

Excerpts from the executive summary:

Kentucky has consistently been one of the poorest states in the country between 1939 and the present. On top of this already low level of income, Kentucky has experienced fairly slow growth in output in recent years. Between 1997 and 2004, Kentucky had an average annual growth in real gross state product (GSP) of 1.6 percent, ranking 43 rd in terms of growth in GSP relative to the rest of the states.

In contrast to Kentucky’s relatively stagnant growth, many of Kentucky’s neighbors, especially to the south, have experienced relatively rapid growth in average earnings …

Moving Beyond Markets And Minimalism: Democracy In The Era Of Globalization, Richard Burchill

Human Rights & Human Welfare

A review of:

Democracy as Human Rights: Freedom and Equality in the Age of Globalization by Michael Goodhart. London: Routledge, 2005.

Kentucky Annual Economic Report 2008, Kenneth R. Troske, John Garen, Devanathan Sudharshan, Roy A. Sigafus

Kentucky Annual Economic Report

No abstract provided.

Notes On Goodwin's Model Of Growth With A Reserve Army Of Labor, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1988, November 1). Notes on Goodwin’s model of growth with a reserve army of labor [Unpublished typed manuscript].

• Shaikh, A. (1986, October). Goodwin wage-employment cycle model: “Goodwin” in TUTSIM [Unpublished handwritten manuscript].

• Shaikh, A. (2008, April 23). Neoliberalism, globalization & financial capital [Unpublished handwritten manuscript].

The Economics And Ethics Of Executive Compensation, Annie Parker

Theses, Dissertations, and Projects

No abstract provided.

Flow-Performance Relationship And Tournament Behavior In The Mutual Fund Industry, Baoling Ma

Dissertations and Theses Collection (Open Access)

In this paper, we interpret the flow-performance relationship as an incentive scheme implicitly given to mutual fund managers by mutual fund investors. We show that the flow-performance relationship varies not only with economic activity but also across fund attributes. We provide evidence that the degree of convexity of the flow-performance relationship has a positive effect on the magnitude of tournament behavior. Different from the conventional tournament hypothesis, we show that although the convexity of the flow-performance relationship does produce implicit incentives for fund managers to modify risk-taking behavior as a function of their prior performance, whether or not the mid-year …

Reaksi Nilai Tukar Terhadap Informasi Fundamental Dan "Berita" (News): Negara-Negara Asia Pasifik 2003-2006, Damayanti Damayanti

Jurnal Ekonomi dan Pembangunan Indonesia

This research analyses the link between economic fundamentals and news with exchange rates. We find that such economic news in Asia Pasific in the period 2003-2006. The exchange rate is shown to respond more strongly to news in last periods of large market uncertainty.

Social Position And Distributive Justice: Experimental Evidence, Kurtis Swope, John J. Cadigan, Pamela Schmitt, Robert Shupp

Economics Faculty Publications

Using a simple, double-blind dictator experiment, we examine the extent to which subjects' choices of distributive shares are influenced by unearned social position. We measure social position by the initial distributive shares (resources) and the subjects' ability to determine the final distributive shares (power). We find that subjects' decisions are consistent with Rawls' (1971) hypothesis that individuals expect a greater share when in a position with more power and initial resources. Finally, we test if subjects' choices under a laboratory veil of ignorance are consistent with Rawls' concept of distributive justice. "Veiled" individuals exhibit preferences that are less risk-averse and …