Economics Commons^™

Library Impact Statement For Ecn 333 Economics And The Law

Library Impact Statements

Library Impact Statement submitted in response to new course proposal for ECN 333 Economics and the Law. New course was supported with no need for additional resources. Responding library faculty member: Andrée J. Rathemacher. Requesting faculty memberProfessor Robert Van Horn.

The Development Of Modern Corporate Governance In China And India, Nicholas C. Howson, Vikramaditya Khanna

Law & Economics Working Papers

This book chapter (forthcoming, China, India & the International Economic Order) examines the development of corporate governance in the world’s two biggest and fastest growing emerging markets - China and India. Although both countries are different in important ways, they also share significant similarities such as rapid economic development, significant foreign investment, economic, structural and legal reform, and a shared interest in (if not implementation of) essentially Anglo-American corporate law norms. These differences and similarities provide an interesting and rich platform for consideration of popular or contested corporate governance precepts. In particular, after an extensive discussion of corporate governance reforms …

Ua37/29 Gary Ransdell - Federal Reserve Board - Ben Bernanke Town Hall Meeting, St. Louis Federal Reserve Board

Faculty/Staff Personal Papers

Email sent to members of the St. Louis Federal Reserve Board of Ben Bernanke's town hall meeting with educators.

Tough Economic Decisions, Ishrat Husain

Faculty Research - Newspaper and Magazine Articles

PAKISTAN has never been hit by such adverse shocks as in the past few years. All of these have occurred in quick succession and their speed, intensity, duration and magnitude are unparalleled. The war on terrorism has caused enormous loss to life, property and order. It is still going on. The bulk of the population was already suffering from diminished purchasing power due to high inflation, stagnating incomes and growing unemployment. The global economy has been in recession and has remained unhelpful in stimulating the domestic economy. There are few expectations of economic recovery at this stage. On top of …

Comment On Richardson: Progressive Federal Taxation Drives Redistribution From Blue To Red States, Seth H. Giertz

Department of Economics: Faculty Publications

Professor Richardson documents redistribution from Democratic states to Republican states and links this to the 1994 "Republican revolution" -- suggesting a deliberative effort by Republicans to redistribute income towards their constituents. Seth Giertz of the University of Nebraska argues that what Professor Richardson's analysis really shows is that "red" states -- but not necessarily Republicans within those states -- are (increasingly) the major beneficiaries of federal redistributive policies -- and that "blue" states are (increasingly) the benefactors.

Mobility And Permanence Of Local Ethics: The Case Of Young Adults Involved In The Banco Palmas Economic Solidarity Movement, Lillian Steponaitis

Independent Study Project (ISP) Collection

The global capitalist model produces economic centers and peripheries on many scales. In Fortaleza, Brazil this pattern is evident, with the majority of the wealth and capital concentrated in central neighborhoods. As one travels to the edge of the municipality, one encounters economically and socially marginalized communities. One of these communities, Conjunto Palmeira, has attempted to mollify this exclusion by imagining and exploring new modes of existing and finding economic growth outside of the capitalist model. In 1998, the residents created Banco Palmas, a community bank. Operating under the philosophies of economic solidarity, Banco Palmas offers microcredit loans, circulates a …

Why Mexicans Migrate: A Glimpse At The Causes And Effects Of Rural Mexican Migration In The Community Of Yogana As Well As Current Movements Towards Local Development, Katie Norris

Independent Study Project (ISP) Collection

Migration is a current matter confronting both U.S. and Mexican society. For Americans, the topic signifies an ever-increasing entry of Mexican migrants to U.S. factory and agricultural hotspots. In comparison, for millions of Mexican citizens, migration marks an intricate aspect of daily life with a story embedded not only in the present day but in the histories and futures of individuals, families and communities as well. An on-going cycle of poverty explains the principle motivation behind the growing number of migrating citizens from Mexico. Social and environmental injustices associated with free-trade agreements such as the North American Free Trade Agreement …

The Prospects Of Using Athrospira Platensis As A Malnutrition Treatment In Kenya, Kari N. Harris

Independent Study Project (ISP) Collection

The purpose of this research was to explore the current efforts using spirulina as a malnutrition treatment in Kenya. There are currently five spirulina cultivation sites that growing spirulina, four of which are located in the Nyanza Province. Their production and scope of advocacy efforts are limited. Some of the cultivation sites have a better quality control measures and strategic plan in place for expanding cultivation. Significant efforts need to be made to improve the scope of production and create links with nutrition experts in other non-governmental organizations and at the national level.

Gender-Separate Education: The Effects On Student Achievement & Self-Esteem On Economically Disadvantaged Public Middle School Students In Philadelphia, Heather M. O'Neill, Allison Guerin

Business and Economics Faculty Publications

In 2003, three Philadelphia middle schools with similar demographics and failing student achievement levels were taken over by an educational management organization. Two were transformed into distinct single-sex academies within the original school buildings and a third remained coeducational. Students did not have the option where to attend, eliminating selection bias. Through funding from a Spencer Foundation grant, data was collected on 1,000 students for 2002-03 through 2004-05 to examine impacts of gender-segregation. We find students in single sex schools witness greater improvements in standardized test scores, with boys gaining the most, and no differences on Rosenberg’s Self-Esteem Scale.

Políticas Públicas Para Enfrentar Los Desafíos Proporcionados Por Las Rentas Económicas: El Caso Del Impuesto Específico A La Minería, Andrew Linville

Independent Study Project (ISP) Collection

La economía chilena es fuertemente dependiente en la explotación y exportación de productos primarios y en sectores de recursos naturales, como los sectores minero, forestal, pesquero, y frutícola. El modelo de desarrollo emprendido por Chile en los últimos treinta años, uno de apertura unilateral y bilateral a flujos de bienes y capital, ha dado importancia especial a las políticas impositivas y reguladoras entorno a esos sectores. Sin embargo, la explotación de recursos naturales escasos proporciona un rango de desafíos únicos debido a la existencia de rentas económicas y los efectos de competencia, distribución y desarrollo regional que las acompañan. Mi …

Rhode Island Current Conditions Index — October 2010, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Ce Fall 2010, Coyote Economist

Coyote Economist

Inside this Issue:

We’re on Facebook...................2

Staying Informed ....................2

Deficit Spending and Belt Tightening ...............................3

Winter 2011 Topics Course!....4

Tentative Schedules.................4

De Sous Le Matelas: La Capacité D’Épargne Des Propriétaires De Petites Entreprises Dans Le Réseau De Microfinance De Unics, Ali Urban

Independent Study Project (ISP) Collection

L’épargne est une facette intégrante et nécessaire de la microfinance, un outil qui favorise une croissance financière durable des institutions de microfinance et leurs clients. Cette recherche examine les perceptions des Camerounais en ce qui concerne les économies et comment les pratiques des propriétaires des petites entreprises et comment la gestion du budget influence leur capacité d’épargne. Pour ce faire, la recherche a été menée auprès d’un échantillon de clients de Unity Cooperative Society (UNICS), un IMF de la deuxième catégorie basée à Yaoundé, et des propriétaires qui ne sont pas affiliés avec UNICS et qui travaillent au Marché Central. …

Caterpillar Fungus Of The Tibetan Plateau, Lucas Crouch

Independent Study Project (ISP) Collection

Chongcao is a traditional Chinese medicine that can only be found on the Tibetan plateau. It is the result of a parasitic relationship between the Ghost moth Larva and the fungus Cordyceps Sinensis. Chongcao is highly prized among the Chinese as a medicine and the value is reflected in the market. The price of Chongcao increased by 900% between the years 1997 and 2008 (Winkler, 2010). In 2009 the market went down a slightly due to the 2008 financial crises but the price in 2010 recovered to 2008 levels. It is currently worth twice its weight in gold. (LA Times) …

Renewable Energy In Rural Amazônia: A Case Study Of Its Advantages And Limitations In Santo Antônio, Amy Plovnick

Independent Study Project (ISP) Collection

Isolated renewable energy projects are a promising alternative to diesel power for providing electricity in rural communities not connected to the conventional electricity transmission grid. However, there have been a limited number of such projects in rural Amazônia, and they often face obstacles that limit their sustainability. The objective of this study is to evaluate the environmental, social and economic impact of isolated renewable energy projects through a case study of a small-scale biomass and solar energy electrification project in the community of Santo Antônio, Pará. It will also evaluate the limitations to implementing and sustaining isolated renewable energy projects …

The Rise And Fall Of Glass-Steagall, Jeffrey Rogers Hummel, Warren C. Gibson

Faculty Publications

No abstract provided.

Missing Pieces: A New Report To Congress Details Biases And Gaps In Economic Statistics Resulting From Globalization, Susan N. Houseman

Employment Research Newsletter

No abstract provided.

Estimation And Inference With Weak, Semi-Strong, And Strong Identification, Donald W.K. Andrews, Xu Cheng

Cowles Foundation Discussion Papers

This paper analyzes the properties of standard estimators, tests, and confidence sets (CS’s) in a class of models in which the parameters are unidentified or weakly identified in some parts of the parameter space. The paper also introduces methods to make the tests and CS’s robust to such identification problems. The results apply to a class of extremum estimators and corresponding tests and CS’s, including maximum likelihood (ML), least squares (LS), quantile, generalized method of moments (GMM), generalized empirical likelihood (GEL), minimum distance (MD), and semi-parametric estimators. The consistency/lack-of-consistency and asymptotic distributions of the estimators are established under a full …

Forecasting The New York State Economy With “Terraced” Vars And Coincident Indices, Eric Doviak, Sean P. Macdonald

Publications and Research

This paper introduces “Terraced” Vector Autoregressive (VAR) models, an innovative twist on traditional VAR modeling, which allows the econometrician to simultaneously forecast both exogenous and endogenous variables and the confidence intervals around those forecasts. In an application of our Terraced VAR framework, we have estimated coincident indices of economic activity for the United States, New York State and the six largest metropolitan areas of New York State and incorporated them into Terraced VARs, which forecast the unemployment rate, total non-farm employment, real wages and average hours worked in manufacturing in those regions.

Sociology, Economics, And Gender: Can Knowledge Of The Past Contribute To A Better Future?, Julie A. Nelson

Economics Faculty Publication Series

This essay explores the profoundly gendered nature of the split between the disciplines of economics and sociology which took place in the late 19th and early 20th centuries, emphasizing implications for the relatively new field of economic sociology. Drawing on historical documents and feminist studies of science, it investigates the gendered processes underlying the divergence of the disciplines in definition, method, and degree of engagement with social problems. Economic sociology has the potential to heal this disciplinary split, but only if the field is broadened, deepened, and made wiser and more self-reflective through the use of feminist analysis.

Using Actual Betting Percentages To Analyze Sportsbook Behavior: The Canadian And Arena Football Leagues, Rodney Paul, Andrew P. Weinbach, Kristin K. Paul

Falk College Research Center

Sportsbook behavior is tested for the Canadian and Arena Football Leagues using real sportsbook betting percentages from on-line sportsbooks. The balanced book hypothesis of the traditional sportsbook models does not appear to hold for these leagues, as favorites and overs attract more than 50 percent of the betting dollars. Although there is some slight evidence toward shading the line in these directions, there is also no overwhelming evidence supporting the Levitt (2004) hypothesis, as sportsbooks do not appear to be actively pricing to maximize profits. In general, the results seem more consistent with the sportsbook pricing as a forecast, content …

New York Camp Econometrics V Program, Center For Policy Research

Camp Econometrics-Programs

No abstract provided.

Optimal Fiscal Policy With Robust Control, Justin Svec

Economics Department Working Papers

This paper compares the fiscal policies implemented by two types of government when confronted by consumer uncertainty. Consumers, lacking confidence in their knowledge of the stochastic environment, endogenously tilt their subjective probability model away from an approximating probability model. The government does not face this uncertainty. Through its choice of a labor tax and the supply of one-period public debt, the government manipulates the competitive equilibrium allocation and the consumers' probability distortion. I consider two types of altruistic government. A "benevolent" government maximizes the consumers' expected utility under the approximating probability model, whereas a "political" government maximizes the consumers' expected …

Wright State University Regional Economic Report, Fall 2010, Thomas L. Traynor

Economics Faculty Publications

No abstract provided.

Valuing Environmental Quality: A Space-Based Strategy, John I. Carruthers, David E. Clark

Economics Faculty Research and Publications

This paper develops and applies a space-based strategy for overcoming the general problem of deriving the implicit demand for nonmarket goods. It focuses specifically on evaluating one form of environmental quality, distance from Environmental Protection Agency designated environmental hazards, via the single-family housing market in the Puget Sound region of Washington State. A spatial two-stage hedonic price analysis is used to: (i) estimate the marginal implicit price of distance from air release sites, hazardous waste generators, hazardous waste handlers, superfund sites, and toxic release sites; and (ii) estimate a series of implicit demand functions describing the …

Reducing Healthcare Costs Requires Good Market Design, Peter Cramton, Brett E. Katzman

Faculty Articles

Healthcare costs are no doubt too high, and Congress has been pushing for 13 years to harness market forces in Medicare procurement. But despite all this time, we are on the precipice of adopting a very poor market design, according to Peter Cramton of University of Maryland and Brett Katzman of Kennesaw State University.

Corporate Transparency, Private Information And Stock Price Synchronicity., Mohammed Sharaf Mohsen Shaiban

Student Works (2010-2019)

The issue of stock price synchronicity as a measure of stock price informativeness has recently attracted much research attention. Using cross-country data from 40 countries, this study investigates the relationship between corporate transparency (measured by reporting timeliness, financial analyst following and credibility of disclosures) and stock price synchronicity. In addition, this study investigates the moderating effects of reporting timeliness on the relationship between financial analyst and credibility of disclosures and stock price synchronicity. Specifically, it examines whether the relationship between financial analysts and disclosure credibility and stock price synchronicity is stronger or weaker given the range of timeliness of financial …

Providing A Voice To 'Excluded' Nations, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

The article critiques the G20's representativeness, noting that while the grouping improves on the earlier G8 structure, it still excludes 170 nations, including Pakistan, from direct participation in global economic decision-making. Using Pakistan as a case study, the author examines the risks of exclusion from reforms to institutions like the IMF and World Bank, and proposes two options: forming country constituencies or establishing formal consultative mechanisms between G20 members and excluded "associate" countries.

The State Of The Region: Hampton Roads 2010, James V. Koch, Vinod Agarwal, Linda Candler, Lynn Clements, Chris Colburn, Vicky Curtis, Steve Daniel, Susan Hughes, Elizabeth Janik, Feng Lian, Sharon Lomax, Linda Mcgreevy, Janet Molinaro, Ken Plum, Wayne Talley, Ayush Toolsidass, Gilbert Yochum

Economics Faculty Books

This is Old Dominion University's 11th annual State of the Region Report. While it represents the work of many people connected in various ways to the university, the report does not constitute an official viewpoint of Old Dominion or it's president, John R. Broderick. The report maintains the goal of stimulating thought and discussion that ultimately will make Hampton Roads an even better place to live. We are proud of our region's many successes, but realize that it is possible to improve our performance. In order to do so, we must have accurate information about "where we are" and a …

The Impact Of Gender On Voluntary And Involuntary Executive Departure, John R. Becker-Blease, Susan Elkinawy, Mark Stater

Finance Faculty Works

We examine the frequency and conditions of executive departure from S&P 1500 firms. Based upon published news reports, we find that female executives are more likely than male executives to depart their positions voluntarily and involuntarily in the presence of controls for firm performance, firm governance, and human capital. We also find that women are less likely than men to depart voluntarily as firm size increases or board size decreases but more likely to be dismissed as the board becomes more male dominated.