Economics Commons^™

Committee Size And Smart Growth: An Optimal Solution, Russell Kashian, Heather Kohls

Economics Faculty Research and Publications

Wisconsin is one of many states that have enacted a “Smart Growth Initiative” law that requires inclusion of the public in the creation and development of a Comprehensive Plan. One implication of public participation is the strategic development of a comprehensive planning committee. Two crucial decisions occur when the committee is formed: the size of the committee and the composition of the committee. This paper models a relation between committee size and the accuracy of plan, as well as the relationship between the inclusion of experts, whether paid consultants or planners, and the quality of the outcome. Based on a …

Local Employment, Poverty, And Property Value Effects Of Geographically-Targeted Tax Incentives: An Instrumental Variables Approach, Andrew R. Hanson

Economics Faculty Research and Publications

The federal Empowerment Zone (EZ) program is a set of tax incentives targeted to areas of select cities. I estimate the effect of the EZ program on employment, poverty, and property values by comparing areas that received an EZ to areas that applied (and qualified), but were rejected. Because of endogeneity concerns, I use political representation to instrument for EZ designation. OLS results show a positive and statistically significant effect of the program on employment and poverty. IV estimates suggest the program had no effect on employment and poverty, and instead had a large statistically significant effect on property values.

Competing Conceptions Of The Individual In Recent Economics, John B. Davis

Economics Faculty Research and Publications

This article characterizes the Homo economicus conception in terms of three linked properties that are central to it as an atomist conception. On the standard view, individuals: have exogenous preferences; interact only (or almost only) in an indirect manner with one another through the price mechanism; and are unaffected in these two respects by the aggregate effects of their interaction with one another. The new research programs differ in how objectionable they find each of these properties, as befits their different commitments to synchronic or diachronic forms of explanation. Furthermore, this article reviews the role of synchronic and diachronic types …

Identity, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Individualism, John B. Davis

Economics Faculty Research and Publications

No abstract provided.

Intergenerational Wealth Transmission And The Dynamics Of Inequality In Small-Scale Societies, Monique Borgerhoff Mulder, Samuel Bowles, Tom Hertz, Adrian Bell, Jan Beise, Greg Clark, Ila Fazzio, Michael Gurven, Kim Hill, Paul L. Hooper, William Irons, Hillard Kaplan, Donna Leonetti, Bobbi Low, Frank Marlowe, Richard Mcelreath, Suresh Naidu, David Nolan, Patrizio Piraino, Robert Quinlan, Eric Schniter, Rebecca Sear, Mary Shenk, Eric Alden Smith, Christopher Von Reuden, Polly Wiessner

Psychology Faculty Articles and Research

Small-scale human societies range from foraging bands with a strong egalitarian ethos to more economically stratified agrarian and pastoral societies. We explain this variation in inequality using a dynamic model in which a population’s long-run steady-state level of inequality depends on the extent to which its most important forms of wealth are transmitted within families across generations. We estimate the degree of intergenerational transmission of three different types of wealth (material, embodied, and relational), as well as the extent of wealth inequality in 21 historical and contemporary populations. We show that intergenerational transmission of wealth and wealth inequality are substantial …

Unnamed Folder, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1994). Handwritten notes on macroeconomic modeling, capacity utilization, and policy critiques. Unpublished manuscript.
• Shaikh, A. (2007, April 25). Handwritten notes on a difference form of the Harrod model with Hicks adjustments. Unpublished manuscript.
• Shaikh, A. (n.d.). Handwritten notes on endogenous money, classical dynamics, and the finance of investment. Unpublished manuscript.
• Shaikh, A. (2007, March 15). Handwritten notes on the short-run accumulation function. Unpublished manuscript.
• Shaikh, A. (2009, April 3). Handwritten notes on a simple full classical model, including the wage curve and stability analysis. Unpublished manuscript.
• Shaikh, A. (2003, November …

Spontaneous Order, Symbolic Interaction And The Somewhat-Less-Hidden Hand, Roger A. Lohmann

Faculty & Staff Scholarship

No abstract provided.

The Evolution Of Campaign Finance And Its Reform: An Expoloration And Economic Analysis, Meghan Milloy

Honors Theses

From the blunders of Theodore Roosevelt that initiated much of the debate on campaign finance reform to Bill Bradley's ideas on voting reform as a means to reform campaign finance, this is a topic that has inspired much debate and controversy. My hope is that throughout the following pages, through the history, opinions, and empirical evidence, the reader may formulate his or her own opinions on the good, evil, and necessity — or lack thereof — of reforming the system. History teaches where we have gone wrong. Econometric evidence tells us where we should go next. And opinions for future …

Cass Talk- Sheridan Lecture, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• Shaikh, A., PhD. (2009, June 17). RASS talk for a Sheridan lecture: Firm price setting, imperfect competition, Edward Chamberlin, and Michal Kalecki [Handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (2012, June 6). Thessaloniki effective demand state: Capitalist booms and crises, the role of credit, and theoretical problems of deficit spending within a classical framework, with comparative notes on Hillary Clinton, Bernie Sanders, and Donald Trump on trade [Document with handwritten notes]. Unpublished manuscript.

• Shaikh, A., PhD. (2004, September 30; 2011, December 7). Development, globalization, and free trade: Profit-centered versus people-centered development, official and actual histories of trade, …

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Soros Proposal, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2009). Paul to Tim about creating a web presence for dept (Unpublished manuscript notes) (23-41_Soro... p. 2).
• Economics Department, New School for Social Research. (2009). Proposal for a center for new economic thinking at the New School for Social Research (Unpublished manuscript) (23-41_Soro... p. 3).
• Shaikh, A. (2009, August 19). Soros initiative v.2.docx: Notes for use in editing (Unpublished manuscript notes) (23-41_Soro... p. 7).
• Foley, D. (2009, September 29). Soros and Institute for New Economic Thinking (Unpublished email) (23-41_Soro... p. 8).
• Shaikh, A. (2009, August 19). Soros initiative v.2: Notes (Unpublished manuscript notes) (23-41_Soro... p. …

Does Tick Size Change Improve Liquidity Provision? : Evidence From The Indonesia Stock Exchange, David E. Allen, Josephine Sudiman

Research outputs pre 2011

The market regulators of the Indonesia stock exchange have made several changes in permissible minimum price variations, from a single tick size (IDR 5) in 2000 to multiple tick sizes (IDR1, 5, 10, 25, 50) in 2007 for the purposes of promoting efficient trading and liquidity improvements. Researchers have demonstrated that finer tick sizes will lower bidask spreads, yet studies which examine the impact of tick size on other key liquidity dimensions such as realized market depth and speed of quote revision are limited. As tick size diminishes so too do the benefits of time precedence rules and encouragement is …

Modelling Australian Domestic Tourism Demand : A Panel Data Approach, David E. Allen, Ghialy Yap

Research outputs pre 2011

This study estimates the income and tourism price elasticities of demand for Australian domestic tourism using a panel data approach. Given that about 76% of total tourism revenue in Australia is generated by domestic tourism, it is worthwhile examining whether changes in Australian households’ income and the prices of domestic travel can influence the demand for domestic travel. The research employs a panel data approach. This method has been widely employed in the literature on international tourism demand, but thus far, has not appeared in the context of the domestic tourism demand literature. The model used for this study is …

A Multi-Factor Analysis Of Areit Returns, Jaime L.P. Yong

Research outputs pre 2011

Since 1990, the Australian Real Estate Investment Trust (AREIT) sector has experienced substantial growth and popularity. While the AREIT sector had benefit from the increased flow of funds from institutional investors during the 1997 Asian financial crisis, the recent impact of the 2008 global financial crisis has been a negative one. In this paper, we examine the sensitivities of annualised AREIT returns against a set of seven firm-specific variables and four market-wide risk variables. Balanced and unbalanced panel regressions are conducted on three sub-periods during 1990 – 2008 corresponding to the major phases in evolution of the AREIT sector. Our …

Minimizing Loss At Times Of Financial Crisis : Quantile Regression As A Tool For Portfolio Investment Decisions, David E. Allen, Abhay Kumar Singh

Research outputs pre 2011

The worldwide impact of the Global Financial Crisis on stock markets, investors and fund managers has lead to a renewed interest in tools for robust risk management. Quantile regression is a suitable candidate and deserves the interest of financial decision makers given its remarkable capabilities for capturing and explaining the behaviour of financial return series more effectively than the ordinary least squares regression methods which are the standard tool. In this paper we present quantile regression estimation as an attractive additional investment tool, which is more efficient than Ordinary Least Square in analyzing information across the quantiles of a distribution. …

Essays On The Impacts Of The Great Moderation On Business Cycle Modeling, Andre R. Neveu

Dissertations, Theses, and Capstone Projects

The research presented here is a comprehensive analysis of research on the "Great Moderation" and its impact on business cycle modeling. In the presence of a less volatile aggregate economy, the methods of modeling business cycles have fundamentally changed along with the ability to detect turning points in the business cycle using standard algorithms. Chapter One lays out the historical case for modeling the business cycle in a manner placing importance on the ability of a model to replicate features observed in actual GDP data, such as the depth and length of recessions, or the average height of expansions. Chapter …

Effect Of Suburban Transit Oriented Developments On Residential Property Values, Shishir Mathur, Christopher Ferrell

Faculty Publications, Urban and Regional Planning

No abstract provided.

Three Essays On Exchange Rate Economics, Gil Kim

University of Kentucky Doctoral Dissertations

A country’s economy is becoming more and more dynamic and complicated in its scale and mobility. So, the concerns of exchange rate economics have become more popular. My research interest is in international economics with its major factor, exchange rates and other macroeconomic variables. Chapter 1 presents a brief introduction of the three studies.

Chapter Two investigate the role of exchange rate changes with particular attention to international capital flows. With liberalization of capital movements, international capital movements became free and unrestricted in many emerging market economies as well as developed countries. Using a Vector Auto-regressive (VAR) model for a …

Writing On Marx's Theory Of Money, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Roche, J. (1985). Marx’s theory of money: A re-interpretation. Review of Radical Political Economics, 17(1–2).
• Lavoie, D. (1986). Marx, the quantity theory, and the theory of value. History of Political Economy, 18(1).
• Mason, W. E. (1982). The labor theory of value and gold: Real and nominal standards of value—and implications for the current reconsideration of the gold standard. History of Political Economy, 14(4).
• Wolfson, M. (1988). Comment: Marx, the quantity theory, and the theory of value. History of Political Economy, 20(1).
• Arnon, A. (1984). Marx’s theory of money: The formative years. History of …

Loose Papers 2, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• Shaikh, A. (2009, November). Notes for a talk on the financial crisis discussing profitability, debt, income inequality, deindustrialization, and Gérard Duménil’s conception of crisis [Handwritten notes]. Manuscript in possession of the author.

• Rosenberg, D. A. (2009, December 17). Year ahead: Can you handle the truth? Gluskin Sheff & Associates.

Pollution Taxes And Location Decision Under Free Entry Oligopoly, Yeung-Nan Shieh, Hsin-I Fan

Faculty Publications

No abstract provided.

Youth Migration And Poverty In Sub-Saharan Africa: Empowering The Rural Youth, Charlotte Min-Harris

Human Rights & Human Welfare

Sangaré, a poor young farmer from a village in southern Mali, leaves his wife and three children to find stable employment in the capital city of Bamako. What he finds is an unrewarding reality that leads him from small job to small job, only earning about US 22 cents per day. These jobs range from selling sunglasses, to shining shoes, to driving a rickshaw. Unfortunately, his income has not proved enough to provide for his family, as his aunt has since adopted his daughter, and his children cannot attend school. The inability to find stable employment in Bamako has forced …

Geotourism In The Crown Of The Continent , Bynum Boley, Norma P. Nickerson

Institute for Tourism and Recreation Research Publications

Geotourism is a new niche segment of sustainable tourism focused on sustaining and enhancing the geographical character of a place. The purpose of this study was to answer the question: "to what degree do visitors in the 'Crown of the Continent' share the values of geotourism?" Visitors to sites on National Geographic's Crown of the Continent geotourism mapguide were intercepted and asked to fill out a survey regarding their travel values.

Travel And Recreation: Outlook 2010 Concious Consumption, Norma P. Nickerson

Institute for Tourism and Recreation Research Publications

Outlooks and Trends in 2010, Review of 2009.

Tourism Outlook: 2010, Norma P. Nickerson, Kara Grau

Institute for Tourism and Recreation Research Publications

Outlook for 2010

Sektor Kunci Dalam Perekonomian Kabupaten Sanggau: Analisis Input-Output, Eddy Suratman, Thomas Tony Irawan

Jurnal Ekonomi dan Pembangunan Indonesia

This research is aimed to investigate the key sectors in the economy of Sanggau District. This research is descriptive and is using input-output analysis to find out the multiplier of economic sectors. In addition we also investigate the linkage among economic sectors, which are measured by backward and forward linkage indexes. The finding of this research shows that there are two sectors being the key namely the processing industry and transportation and communication sectors with backward and forward linkage indexes above the average level of the other sectors. Agriculture were found to be the sector with the biggest employment absorption. …

Pengaruh Kinerja Makroekonomi Dalam Dan Luar Negeri Terhadap Penanaman Modal Asing Di Indonesia, Bambang Juanda, Mahyuddin Mahyuddin

Jurnal Ekonomi dan Pembangunan Indonesia

This paper studies the effect of domestic and foreign macroeconomy performances on the foreign direct investment (PMA) in Indonesia, employing descriptive and inferencial (econometric model) analyses. The national economic grcwth and national interest rate affect significantly PMA in Indonesia. While the national inflation rate positively effected on PMA, but resuits show that hyperinflation contributes to decreasing PMA. The macroeconomic improvement in some competitor countries, especially Chinese and Thailand tends to decrease PMA in Indonesia. However, the improvement of macroeconomies in Singapore and Malaysia can increase PMA in Indonesia. Therefore, bilateral relationship with these countries must be intensified. In addition, although …

Peranan Matematika Ekonomi Dan Ekonometrika Dalam Memahami Ekonomi, Nachrowi D. Nachrowi

Jurnal Ekonomi dan Pembangunan Indonesia

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Factors Related To The Unemployment Rate: A Statistical Analysis, Reanna Collins

Honors Program Theses

Current United States economic conditions have everyone searching for ways to solve the downward spiral that has instigated a crisis in the minds of many people. Rapidly increasing unemployment rates are key reasons leading to this feeling of emergency. A better understanding of unemployment trends over the past few decades and factors correlated to the rate could serve as future indicators of fluctuations in the unemployment rate. A statistical analysis was conducted to determine if any relationship between the unemployment rate and nine selected variables existed in order to identify trends in the unemployment rate and to produce a model …

Measuring Offshore Outsourcing And Offshoring: Problems For Economic Statistics, Susan N. Houseman

Employment Research Newsletter

No abstract provided.