Economics Commons^™

Notes On Xr Theory, Trade Balance, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1996, October 12; revised 1998, November 30). XR theory & policy [Handwritten notes on exchange-rate theory and trade policy].
• Shaikh, A. (1998, November 17). RxR theory (Cambridge) [Partial handwritten lecture outline on international trade theory and empirical results].
• Shaikh, A. (1997, September 19). Alternate approach [Handwritten notes on an alternative approach to trade theory].
• Shaikh, A. (1998, October 13). SOAS: XR [Handwritten lecture notes on the failure of conventional exchange-rate theory].
• Shaikh, A. (2006, March 11). Left Forum: Future of imperialism [Handwritten talk outline on trade, neoliberalism, and imperialism].
• Nominal trade balance as percentage of …

Retirement Savings Investment Strategy : Member Choices And Performance, Paul Gerrans, Marilyn Clark-Murphy, Craig P. Speelman

Research outputs pre 2011

Three crucial ingredients influence how much individuals will have to fund retirement income needs: how much they contribute to savings, how long they save for, and the performance of these savings. This paper focuses on the issue of performance, and how individuals perform when they are given the choice of making their own investment strategy for their retirement savings contributions. An empirical examination using a large sample gathered from four Australian superannuation funds is utilised and finds that on average members underperform their own fund’s default option both in raw returns and on a riskadjusted basis. For trustees and regulators …

Do Analysts Influence Corporate Financing And Investment?, John A. Doukas, Chansog (Francis) Kim, Christos Pantzalis

Finance Faculty Publications

We examine whether abnormal analyst coverage influences the external financing and investment decisions of the firm. Controlling for self-selection bias in analysts' excessive coverage, we find that firms with high (low) analyst coverage consistently engage in higher (lower) external financing than do their industry peers of similar size. Our evidence also demonstrates that firms with excessive analyst coverage overinvest and realize lower future returns than do firms with low analyst coverage. Our findings are consistent with the hypothesis that analysts favor the coverage of firms that have the potential to engage in profitable investment-banking business.

Employee Ownership And Participation Effects On Firm Outcomes, Brent Kramer

Dissertations, Theses, and Capstone Projects

Hundreds of firms in the U.S. are majority-owned by their employees through Employee Stock Ownership Plans (ESOPs). This study measures whether employee ownership makes a difference in firm outcomes, looking also at effects of worker participation in management-type decisions. Theorists have suggested that the rarity of employee ownership is prima facie evidence that such firms could not be as efficient as traditional firms. But institutional and financing constraints may be a more realistic explanation for their rarity, and it is important for policy purposes to investigate efficiency objectively.

The author compares sales per employee for a panel of over 300 …

Data Sources, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes data on Share of world GDP since 1 AD by major country, along with other related development data.

Miscellaneous, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Bowley, G. (2008, February 21). That ’70s look: Stagflation. The New York Times.

• Shaikh, A., PhD. (2007, August 27). Cost of funds raised through equity [Unpublished handwritten notes].

• Cohen, M. A. (2008, January 18). Email to Anwar Shaikh regarding an invitation to the University of Buenos Aires [Email correspondence].

• Jesus College, Cambridge. (2007, October 17). Letter to Anwar Shaikh [Handwritten letter].

• Ali, M. (n.d.). Econ 380: The U.S. trade deficit [Syllabus and reading list].

• [Author unknown]. (2008, February 20). Paradoxes in Lucas’s 1988 model with increasing returns [Annotated paper].

• …

Globalizing, Saad-Filho Book, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD., & Saad Filho, A. (2008, February 17–20). Email correspondence regarding a book on neoliberalism and globalization edited by Saad Filho and Galip Yalman [Email correspondence].

Vmi - Gross, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• Shaikh, A. (2007, April 9). Pure and generalized exponential of VMIR/L1–6 [Handwritten notes citing Drăgulescu & Yakovenko]. Manuscript in possession of the author.

• Shaikh, A. (2008, May 5). Arbitrage and inequality [Handwritten notes citing Yakovenko]. Manuscript in possession of the author.

• Shaikh, A. (2008, May 7). Theory of slope of lnR versus ln(1 − G) [Handwritten notes]. Manuscript in possession of the author.

• Shaikh, A. (2008, March 20). Comparing one- and two-earner exponential models [Handwritten notes]. Manuscript in possession of the author.

• Shaikh, A. (2008, April 26). lnR versus ln(1 − G) …

Three Essays On Regional Economic Integration And Exchange Rate Regimes, Xiaodan Zhao

University of Kentucky Doctoral Dissertations

This dissertation consists of three independent essays addressing several key issues related to the empirical application of optimum currency area. The first essay explores the features of the CFA franc zone by operationalizing Robert Mundell’s (1952) criteria for an optimum currency area. A vector autoregression method is used in modeling national outputs as determined by global, regional and country-specific shocks. It finds that domestic outputs of the CFA franc zone countries are strongly influenced by country-specific shocks. These results suggest that the CFA franc zone countries are structurally different from each other and the monetary union may have been a …

The Economic Foundations Of Contemporary Slavery, Justin Guay

Human Rights & Human Welfare

“Slavery existed before money or law” (Hochschild 2005). Indeed the “peculiar institution” is one of humanity’s oldest. It has, however, evolved and manifested itself quite distinctly in different periods of history. In contrast to historical views of slavery that are associated with Chattel Slavery, numerous forms fall under the umbrella term of contemporary slavery. The United Nations (U.N.) Working Group recognizes such radically new forms as: child labor, children in conflict, trafficking in persons, sexual exploitation, and the sale of children. The International Labor Office (ILO) approaches the topic through the lens of forced labor. The ILO recognizes slavery and …

Montana Tourism Outlook: 2009, Norma P. Nickerson, Melissa Bruns-Dubois, Kara Grau

Institute for Tourism and Recreation Research Publications

Outlooks for 2009 and Review of 2008.

Travel And Recreation: Outlooks And Trends, Norma P. Nickerson

Institute for Tourism and Recreation Research Publications

Outlooks and Trends in 2009, a Review of 2008.

Montana Travel Research: 2008, Norma P. Nickerson, Melissa Bruns-Dubois

Institute for Tourism and Recreation Research Publications

Outlook for 2008 and Review of 2007.

Postcommunist Privatization And Productivity: What Have We Learned?, John S. Earle

Employment Research Newsletter

No abstract provided.

High Stakes Behavior With Low Payoffs: Inducing Preferences With Holt-Laury Gambles, John Dickhaut, Daniel Houser, Jason A. Aimone, Dorina Tila, Cathleen Johnson

ESI Working Papers

A continuing goal of experiments is to understand risky decisions when the decisions are important. Often a decision’s importance is related to the magnitude of the associated monetary stake. Khaneman and Tversky (1979) argue that risky decisions in high stakes environments can be informed using questionnaires with hypothetical choices (since subjects have no incentive to answer questions falsely.) However, results reported by Holt and Laury (2002, henceforth HL), as well as replications by Harrison (2005) suggest that decisions in “high” monetary payoff environments are not well-predicted by questionnaire responses. Thus, a potential implication of the HL results is that studying …

Generating Ambiguity In The Laboratory, Jack Douglas Stecher, Timothy W. Shields, John Dickhaut

ESI Working Papers

This article develops a method for drawing samples from which it is impossible to infer any quantile or moment of the underlying distribution. The method provides researchers with a way to give subjects the experience of ambiguity. In any experiment, learning the distribution from experience is impossible for the subjects, essentially because it is impossible for the experimenter. We describe our method mathematically, illustrate it in simulations, and then test it in a laboratory experiment. Our technique does not withhold sampling information, does not assume that the subject is incapable of making statistical inferences, is replicable across experiments, and requires …

Can Manipulators Mislead Prediction Market Observers?, Ryan Oprea, David Porter, Chris Hibbert, Robin Hanson, Dorina Tila

ESI Working Papers

We study experimental markets where privately informed traders exchange simple assets, and where uninformed third parties are asked to forecast the values of these assets, guided only by market prices. Although prices only partially aggregate information, they signicantly improve the forecasts of third parties. In a second treatment, a portion of traders are given preferences over the forecasts made by observers. Although we find evidence that these traders attempt to manipulate prices in order to influence the beliefs of observers, we find no evidence that observers make less accurate forecasts as a result.

Ape 2008 Section 1, Long Term Patterns, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Figures 2.23-2.31 and stable growth process (Harrod-Hicks) [Teaching chart packet with explanatory notes on equilibrium modes and growth]. (n.d.).
• Shaikh, A. (2008, October 22). Ch. 3: Microfoundations, emergent properties and nonlinear dynamics [Annotated chapter-draft excerpt, pp. 30-40].
• Shaikh, A. (2007, October). Structured disorder: The economic analysis of developed capitalism [Annotated book-manuscript introduction excerpt].
• Figure 1.2: U.S. real investment index, 1832-2004 (fixed private capital equipment and structures) [Data-chart printout]. (n.d.).
• Shaikh, A. (2008, Spring). The economic analysis of advanced capitalism [Economics 205 / Advanced Political Economy II syllabus and reading outline].
• Shaikh, A. (2008, Spring). The economic analysis …

Ape 2008 Section 1, Long Term Patterns, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Figures 2.23-2.31 and stable growth process (Harrod-Hicks) [Teaching chart packet with explanatory notes on equilibrium modes and growth]. (n.d.).
• Shaikh, A. (2008, October 22). Ch. 3: Microfoundations, emergent properties and nonlinear dynamics [Annotated chapter-draft excerpt, pp. 30-40].
• Shaikh, A. (2007, October). Structured disorder: The economic analysis of developed capitalism [Annotated book-manuscript introduction excerpt].
• Figure 1.2: U.S. real investment index, 1832-2004 (fixed private capital equipment and structures) [Data-chart printout]. (n.d.).
• Shaikh, A. (2008, Spring). The economic analysis of advanced capitalism [Economics 205 / Advanced Political Economy II syllabus and reading outline].
• Shaikh, A. (2008, Spring). The economic analysis …

Ape 205, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Figures 1.1-1.16: Advanced political economy data charts [Chart packet on industrial production, investment, output, business cycles, prices, wages, unemployment, and projected U.S. and U.K. long waves]. (n.d.).
• The New School for Social Research. (2008, Spring). GECO 6205 Advanced Political Economy 2 attendance sheet [Completed course attendance record].
• Tran, L. (2008, February 7). Attendance policy [Faculty memorandum with Student Non-Attendance Form].
• Shaikh, A. (2000, September). The economic analysis of advanced capitalism I [Annotated Economics 204 / Advanced Political Economy I syllabus and reading outline].
• Shaikh, A. (2008, Spring). The economic analysis of advanced capitalism [Annotated Economics 205 / …

Data Users Conference State Data_2008, University Of New Mexico Bureau Of Business And Economic Research, New Mexico Economic Development Department

Historic Publications

DATA USERS CONFERENCE.

County Profiles_2008, University Of New Mexico Bureau Of Business And Economic Research, New Mexico Economic Development Department

Historic Publications

DATA USERS CONFERENCE.

Data Users Conference Data Abstract_2008, University Of New Mexico Bureau Of Business And Economic Research, New Mexico Economic Development Department

Historic Publications

DATA USERS CONFERENCE.

Who Should Own The Air?: A Closer Look At Smoking Bans, Stacy Mcmullen

Honors Program Theses

Smoking bans result from public health concerns. There are well over 70,000 articles in peer-reviewed journals that link smoking with various health problems [Chaloupka et al. 2004-2005, 2]. There are also a number of states currently debating statewide bans. Are statewide smoking bans the answer to the tobacco problem or are they simply an example of excessive paternalism? The purpose of this paper is to examine the two sides of the argument and determine whether policymakers should implement smoking bans. It will show that, in the end, nonsmokers should own the air, and smoking bans should be implemented to protect …

Adam Smith And Consumerism's Role In Happiness: Modern Society Reexamined, Michael Busch

Honors Program Theses

In modern America, consumerism has encouraged people to seek happiness through constantly expansion of their material standard of living. Consumerism has led to a growth of status consumption and .want-creation, both of which increase consumption without contributing to happiness. Adam Smith observed that lasting happiness is found in tranquility as opposed to consumption. In their quest for more consumption, people have forgotten about the three virtues Smith observed that best provide for a tranquil lifestyle and overall social well-being. Applying the virtues to modern society may decrease overall consumption but will lead to a more satisfied life.

Microcredit In Developing Countries: Evaluating Programs For Poverty Alleviation, Kelly Sue Nessa

Honors Program Theses

There is no question that poverty is a devastating problem in our world today; the UN estimates 34,000 children and 16,000 adults die each day from hunger or preventable diseases with poverty-related causes, totaling more than 18 million a year (Riddell, 2007). One way that poverty is exacerbated is through the inaccessibility of credit to the poor (Todaro, 2006). Microcredit/microfinance has become a popular way of addressing this problem, and this affects a great percentage of the world population that is impoverished. Therefore, a true evaluation of the benefits and downfalls of this economic tool should be addressed. The purpose …

Data Users Conference County And Community Data_2008, University Of New Mexico Bureau Of Business And Economic Research, New Mexico Economic Development Department

Historic Publications

DATA USERS CONFERENCE.

Data Users Conference Overview_2008, University Of New Mexico Bureau Of Business And Economic Research, New Mexico Economic Development Department

Historic Publications

DATA USERS CONFERENCE.

Data Sources For New Mexico_2008, University Of New Mexico Bureau Of Business And Economic Research, New Mexico Economic Development Department

Historic Publications

DATA USERS CONFERENCE.

State Administration Vs. Self-Government In The Slovak And Czech Republics, Phillip J. Bryson

Faculty Publications

In the transition experience, the Czech and Slovak Republics have made some effort to achieve fiscal decentralization. From independence to EU accession, the devolution of power designed to strengthen the autonomy of local governments according to the principles of subsidiarity have also included a reform of public administration. The nature of reform efforts and their implications for the fiscal decentralization are analyzed. The failure to achieve a robust autonomy for subnational governments is due to the ongoing adherence to the notion of the "state administration" as opposed to self-government in both republics.