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Rulc Rxr Econometrics, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. Rule exchange rate and real exchange rate econometrics and stationarity analysis.
• Elliott, G., Rothenberg, T. J., & Stock, J. H. Efficient tests for an autoregressive unit root.
• Ng, S., & Perron, P. Lag length selection and the construction of unit root tests with good size and power.
• Pesaran, M. H., Shin, Y., & Smith, R. J. Bounds testing approaches to the analysis of level relationships.
• Shaikh, A. Gretl statistical regression software outputs for terms of trade and unit labor cost models.
• Shaikh, A. Simulated terms of trade, relative unit labor …

Retirements - Scrapping, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. July 11, 2010. Notes on retirements and scrapping. Unpublished work. Title and author only.

• Shaikh, A. March 8, 1979. Notes on fixed capital. Unpublished work. Title and author only.

• Shaikh, A. August 6, 1988. Perlo vs. BEA - kstock. Unpublished work. Title and author only.

• Goldsmith, R. W., Brady, D. S., & Mendershausen, H. 1956. A study of saving in the United States, volume III. Princeton, NJ: Princeton University Press.

• Gupta, S. May 2, 1991. Alternative estimates of capital stock. Unpublished work. Title and author only.

The Labor Market, Political Capital, And Ownership Sector In Urban China, Xi Pan

University of Kentucky Doctoral Dissertations

Over the past three decades, economic reforms have brought about dramatic changes in China. The wave of structural and economic reforms regarding the State-owned Sector (SOS), and the surge of the Non-State-owned Sector (NSOS), have influenced returns in the labor market, such as the returns concerning human capital and political capital in urban China. Presumably, the NSOS would be more marketed-oriented compared to the SOS, and it would have different returns concerning political capital, as represented by Chinese Communist Party (CCP) membership. This is likely because the NSOS would not value Party membership as much as the SOS does. The …

Is Economics Coursework, Or Majoring In Economics, Associated With Different Civic Behaviors?, Sam Allgood, William Bosshardt, Wilbert Van Der Klaauw, Michael Watts

Department of Economics: Faculty Publications

Studies regularly link levels of educational attainment to civic behavior and attitudes, but only a few investigate the role played by specific coursework. Using data collected from students who attended one of four public universities in our study, we investigate the relationship between economics coursework and civic behavior after graduation. Drawing from large samples of students in economics, business, or general majors, we compare responses across the three groups and by the number of undergraduate economics courses completed. We find that undergraduate coursework in economics is strongly associated with political party affiliation and with donations to candidates or parties, but …

Are Brand Name Medicine Prices Really Lower In Ciudad Juárez?, Thomas M. Fullerton Jr., Osvaldo Miranda

Border Region Modeling Project

Relatively high brand name pharmaceutical prices have led many United States residents to cross the border into Mexico as “medical tourists.” To examine the savings potentially available to consumers willing to cross into Mexico, data are collected and analyzed for brand name prescription medicines sold in El Paso, Texas and Ciudad Juárez, Mexico. Retail pharmacy prices are generally lower on the south side of the border and substantial savings result for some medicines. For some products, however, shelf prices are lower on the north side of the border.

Monetary Policies In A Small Open Economy Model With Labor Mobility And Remittances, Diana Rose Del Rosario

Dissertations and Theses Collection (Open Access)

This paper presents a model of a small open economy that allows for international labor mobility, thereby endogenizing migrant transfers or remittances. The resulting model is calibrated to the Philippine economy, of which labor migration and remittance inflows are key forces that drive the economy’s growth. The model’s impulse response functions illustrate that the presence of these features generates a different set of dynamics from the standard small open economy model (without labor mobility). Depending on the source of the shock, labor mobility and remittances can either exacerbate or cushion the impact of the shock on the economy. A temporary …

The Impact Of Monetary Policy Announcements On Stock Market: Evidence From China, Yu Zeng

Dissertations and Theses Collection (Open Access)

In this paper we examine how stock returns in China respond to monetary policy announcements made by PBC in a short term around announcement day. We employ a nonparametric event-study method to investigate such reactions. We arrive at the following conclusions. Firstly, there is information leakage of monetary policy changes, which is verified by significant changes in stock returns before monetary policy announcement and quitness of stock market after announcement. Secondly, financially constrained and financially unconstrained firms respond quite similarly to monetary policy shocks, which disobeys credit channel of monetary policy transmission in the short run. Thirdly, reserve ratio changes …

Bayesian Analysis Of Country Risk Premia In Developing Small Open Economies, Seigmund Vincent Roque Conti

Dissertations and Theses Collection (Open Access)

This thesis studies a model presented by Neumeyer & Perri (2005), which aims to explain the strong countercyclicality of interest rates and net exports in emerging market economies. The model accomplishes this by decomposing interest rates into an international rate and a country risk component, and by making labor demand sensitive to movements in these rates via a working capital constraint imposed on the representative firm. Moreover, it proposes two approaches to determining the stochastic processes for these interest rates: the independent country risk case and the induced country risk case. The induced country risk model calibrated to Argentine data …

Recession, Unemployment, And Attendance At Major League Baseball Games, Bradley Joseph Shatek

Honors Program Theses

When a country experiences an economic downturn, as the United States has since late 2007, the negative effects are widespread. Workers are laid off, and households and firms spend less due to decreased income. In most industries, revenues and profits decline during recessions, and professional sports franchises may be no different. In a period of high unemployment, one would expect that consumers first cut back on recreation and entertainment. This study was designed to determine the impact of unemployment on one such entertainment activity, Major League Baseball games.

Continuing Studies In Rio Grande Valley History, Milo Kearney, Anthony K. Knopp, Antonio Zavaleta

Studies in Rio Grande Valley Regional History Series

Coming to the Valley, a poem / Vivian Kearney -- The ghosts of historic Palmito Hill Ranch / Antonio N. Zavaleta -- Against the odds : Dr. Juliet V. García, border educator / Manuel F. Medrano -- Lucile Champion's Brownsville : remembrances of another time / Frank Champion Murphy -- The restored courthouse and Judge Oscar Dancy / Anthony Knopp -- Francesco Voltaggio and the Port Isabel shrimp industry / Virginia Voltaggio Wood -- Mario Barrera : a border success story / Milo Kearney -- Selected figures from the Sierra/Valerio family history / Luciano Valerio Sierra and Amy Sierra Frazier …

Pricing Bond Yields In The European Bond Market, David Cook

CMC Senior Theses

This paper analyzes macroeconomic factors and their effect on 2-year government bonds of 11 countries in the European Monetary Union. I specifically looked at how a simultaneous budget and trade surplus effect a country's bond yield spread relative to Germany's bond yield. My model showed that double surplus countries have a larger yield spread than countries that do not have a double surplus.

Some Professionals Play Minimax: A Reexamination Of The Minimax Theory In Major League Baseball, Jeffrey Park

CMC Senior Theses

This paper explores the behavior of Major League Baseball pitchers. We analyze the pitching data from 2007-2010 in order to determine whether their actions follow minimax play. We also examine what the OPS statistic tells us about a pitcher's value.

Conflict Of Interest?: Executive-Auditor Relationship And The Likelihood Of A Sec-Prompted Restatement, Henry Lyford

CMC Senior Theses

This study examines the relationship between executives and their independent auditor to see if there is a conflict of interest in their interaction. This study was motivated by the meltdowns, partially caused by fraudulent accounting, of many public companies in the late 1990s and early 2000s and the consequent passage of the Sarbanes-Oxley Act. This study examines the variables of audit fees, fees for other services, and auditor tenure to see if they are connected with the occurrence of an SEC-prompted restatement. The results show no significant correlation between amount of fees and the likelihood of an SEC-prompted restatement but …

The Effects On A State When They Lose Their Senior Senator, Adam J. Morris

CMC Senior Theses

The Primary purpose of this paper is to examine the role and importance of Senior Senators in the US Senate. Many states rely on Senators to bring in federal spending in the form of pork. When states lose their Senior Senator and the power they accumulated through increased tenure, they risk losing certain benefits in terms of pork. We use federal expenditures per dollar of tax and analyze how it is affected by Seniority in the Senate. Population, Income, and unemployment rates in each state were controlled for in our regression analysis. It is concluded that increased tenure significantly increases …

How Are Inflation Expectations Formed By Consumers, Economists And The Financial Market?, Shaun Khubchandani

CMC Senior Theses

Inflation expectations have been of great interest to economists because they predict how agents in an economy set prices and react to changes in various macroeconomic variables. The existence of Keynesian liquidity traps in Japan and the United States have helped emphasize the importance of inflation expectations, especially when monetary policy is rendered ineffective and there is almost perfect substitutability between money and bonds due to the zero bound condition of interest rates. Given the canonical theories of rational and adaptive expectations, this paper will use a simple model of the economy to measure the effect of various macroeconomic variables …

An Economic Impact Study Of The "Boom" Period Of Baseball Stadium Redevelopment, Emily Mcnab

CMC Senior Theses

The intention of this study is to analyze the economic impact of redeveloped Major League Baseball stadiums opened between 1991 and 2004. Using two empirical models, including an event study, this impact analysis captures the economic conditions of the cities during the opening year of the stadium, as well as the prior conditions leading up to the opening of the stadium, along with any lingering effects or gradual changes in conditions. The impact was measured in relation to the Metropolitan Statistical Areas corresponding to the 18 ballparks included, specifically looking at the impact on employment rates and per capita personal …

A False Sense Of Security: The Social Security Debate, Chris Shipman-Sercu

CMC Senior Theses

My motivation to write this thesis is based on the controversy surrounding the Social Security system that has recently infiltrated the media. Through my research, I have discovered the debate concerning Social Security is not a recent development but has existed since the 1930’s. Many sources are warning citizens to no longer count on Social Security as they most likely will not receive benefits until a extremely old age if they receive benefits at all. Current retirees are fearful of either a decrease in benefits or not receiving the money they contributed to the system through the years of employment …

The Consequences Of Increasing Ocean Acidification On Local And Global Fishing Industries, Alyson N. Stark

CMC Senior Theses

As human activities continue to generate accelerating levels of carbon dioxide emissions, the world’s oceanic resources are threatened by variability in seawater chemistry, known as ocean acidification. Recent increases in atmospheric carbon dioxide have resulted in decreased carbonate ion concentrations and ocean pH levels, leading to increasingly acidic waters. The exact consequences of these chemical changes on ecosystems and individual species are difficult to predict; however, research has shown that economically valuable calcifying species will experience reduced reproductive fitness and population declines. Ocean acidification, therefore, poses an immediate risk to both fish stocks and fishery industries. From a local perspective, …

Integrated Overview, Case-Studies And Analysis: Income Inequality In Latin America, Post-1980, Aaron R. Campbell

CMC Senior Theses

This thesis provides an integrated overview on the historical and contemporary literature dedicated to the study of within-country income inequality in Latin America.

The central hypothesis of this report is that there are underlying factors that drive the persistent levels of high within-country inequality experienced by Latin American countries. We study two countries, Brazil and Bolivia, through the process of reform and growth, and note the effects on the labor markets.

Using all available statistics and the wealth of knowledge compiled since the early 1980s, this study identifies those trends, and the factors that cause them to reappear in numerous …

The Burger King Revolution: How Las Vegas Bounced Back, 1983-1989, David G. Schwartz

Library Faculty Research

Most who have considered Las Vegas history have concluded that not much happened in Las Vegas gaming between the openings of the original MGM Grand (1973) and Mirage (1989). In fact, several structural changes during the 1980s had already reversed a declining appeal. Responding to three crises—competition from Atlantic City, a national economic downturn, and the MGM Grand fire—Las Vegas casino operators began to draw more extensively on a middle-class mass market. Capitalizing on the “Burger King Revolution,” Strip casinos drew more gamblers who, on average, played less, and slot machines displaced table games as the industry’s leading revenue producer. …

Inet Conference Cambridge April 2010, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• INET conference itinerary: Cambridge and London (2010, April). Itinerary including contact information and a schedule of events [Unpublished travel itinerary].

• Google Maps directions printouts: London (2010, April 4). Printouts showing directions to locations in London [Unpublished map printouts].

• Flight itinerary for Shaikh (2010, February 23). Flight itinerary with handwritten sticky note referencing W. Murray and Bob Pollin [Unpublished travel document].

• Shaikh, A., PhD. (2010, April 8). Rogoff: INET [Handwritten notes on Ken Rogoff, John Cassidy, and Richard Koo; discussions of inflation, Keynesianism, and debt]. Unpublished manuscript notes.

• King’s College campus housing registration confirmation (2010, February 12). Registration …

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Rethinking Economics From The Ground Up, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Rethinking economics from the ground up, written by Anwar Shaikh, PhD, on September 23, 2010.
• Rethinking eco. from the ground up, a manuscript file folder label inscribed with the identification code NA-23-61, prepared by Anwar Shaikh, PhD, on June 5, 2026.
• Comparison to other visions and changing teaching, an unpublished set of handwritten research notes prepared by Anwar Shaikh, PhD, on September 23, 2010.

Technical Efficiency Of Farmers In Ethiopia: A Stochastic Production Frontier Approach, Askal Ayalew Ali

Masters Theses

This study is to investigate the farmer's efficiency in Ethiopia. The stochastic production function is applied to estimate the technical efficiency of farmers. Using 2006 survey data conducted by the World Bank in collaboration with Ethiopian Economic Policy Research Institute, shows that farmers produce under the production frontier, and the average technical efficiency of the farmers is 62.4 percent. Variation in efficiency comes from many factors, however, this study focuses on extension program participation, education, and land ownership. Lack of extension program and education cause inefficiencies of 59.8 percent and 60.21 percent respectively. Land ownership is found to have mixed …

Political Economy, Sandra J. Peart, David M. Levy

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

Political economy describes how human societies are organized by exchange. The critical issue for political economists is the interaction between self-directed decision making and the incentives that turn decisions into approved outcomes. In this interaction, political economists see a key role for leadership, a role that depends upon our common concern for others (Robbins, 1981). There are three roles, then, for leadership in the political economist’s model: self-directed decision making, incentive making, and establishing the criteria for approved outcomes.

Uncertainty, Identification, And Privacy: Experiments In Individual Decision-Making, David Rivenbark

Electronic Theses and Dissertations

The alleged privacy paradox states that individuals report high values for personal privacy, while at the same time they report behavior that contradicts a high privacy value. This is a misconception. Reported privacy behaviors are explained by asymmetric subjective beliefs. Beliefs may or may not be uncertain, and non-neutral attitudes towards uncertainty are not necessary to explain behavior. This research was conducted in three related parts. Part one presents an experiment in individual decision making under uncertainty. Ellsberg's canonical two-color choice problem was used to estimate attitudes towards uncertainty. Subjects believed bets on the color ball drawn from Ellsberg's ambiguous …

Reconciling The Science And Economics Of Climate Change, Eban Goodstein

Clemens Lecture Series

No abstract provided.

Transmitted Unemployment And Exchange Rate Effect On Labor Market, Youqing Zhou

Lingnan Theses

This thesis examines the link between exchange rate and unemployment. The unemployment problem in an open economy has mostly been discussed at the micro level. Previous studies focus on job losses from trade by the manufacturing industries. However, the macro level relationship between exchange rate and unemployment has been largely ignored. The aims of this study are twofold. Firstly, a simple theoretical relationship between exchange rate and unemployment is established by the PPP and Phillips curve. The model shows that, under the linked exchange rate system, the unemployment in currency-linked country is a function of the unemployment in the base …

Three Essays On Housing Market In Hong Kong : Implications For Public Policy And Macro Economy, Wai Chung, Gary Wong

Lingnan Theses

The thesis contains three papers on different areas of housing study in Hong Kong. The first paper focuses on government policy in public housing privatization on housing market and its effect on the overall economy. By comparing the negative impacts of two financial crises in 1997 and 2008 on housing market, the paper tries to offer explanation for the property downturn during 1997-2003. It aims to study how a public housing privatization program would produce adverse effects on housing transactions and the economy. The second one links up the housing market and macro economy. It is found that housing sector …

Managing Female Foreign Domestic Workers In Singapore: Economic Pragmatism, Coercive Legal Regulation, Or Human Rights, Eugene K. B. Tan

Research Collection Yong Pung How School Of Law

Singapore's immigration discourse is deeply influenced by its need to “right-size” its population. As a society that has and remains in need of immigration, contemporary immigration and globalization have rigorously challenged the conventional thinking and understanding of citizenship, as well as notions of who belongs and who does not. Nevertheless, international marriages and pervasive in-and out-migration for purposes of employment, study, and family, conspire to make more pronounced the decoupling of citizenship and residence in Singapore. This transnational dimension sits uncomfortably with the policy makers' desire for, and the imperatives of, state sovereignty, control, and jurisdiction.Although one quarter of people …

Keterkaitan Pasar Valuta Asing Dan Saham Di Indonesia Dengan Beberapa Negara Mitra Utama: 1998-2009, Lana Soelistianingsih

Jurnal Ekonomi dan Pembangunan Indonesia

Using co-integration, the results show that the movement of Indonesian foreign exchange market and capital market has moved to long-run equilibrium with other currencies and indices from partner countries, while the short-run equilibrium between markets have been proved by using VECM. The Indonesian case supports portfolio balance approach introduced by Frankel. The increasing of IHSG attracts capital inflows and makes the demand for domestic currency higher, and IDR becomes appreciation. Indonesian market has strong linkages with Asian regional markets especially with Hong Kong market, while having no relationship with US market.