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2010

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Articles 421 - 450 of 1144

Full-Text Articles in Economics

Banking System Credit As An Instrument Of Economic Growth In Nigeria, Andrew O. Agbada Jun 2010

Banking System Credit As An Instrument Of Economic Growth In Nigeria, Andrew O. Agbada

Bullion

Globally, banks in developing countries are expected to play very vital and effective roles in financing their economic projects and activities as their contribution in ensuring sustainable economic growth. This expectation is as a result of the fact that there is acute shortage of capital in the developing countries of the world. ln this paper, attempt was made to address how banking system credit can be used as an instrument of economic growth in Nigeria. The specific objectives that banking system credit were expected to achieve were also stated. lt's was revealed that though credits have increased tremendously in recent …

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Inference Based On Conditional Moment Inequalities, Donald W.K. Andrews, Xiaoxia Shi Jun 2010

Inference Based On Conditional Moment Inequalities, Donald W.K. Andrews, Xiaoxia Shi

Cowles Foundation Discussion Papers

In this paper, we propose an instrumental variable approach to constructing confidence sets (CS’s) for the true parameter in models defined by conditional moment inequalities/equalities. We show that by properly choosing instrument functions, one can transform conditional moment inequalities/equalities into unconditional ones without losing identification power. Based on the unconditional moment inequalities/equalities, we construct CS’s by inverting Cramér–von Mises-type or Kolmogorov–Smirnov-type tests. Critical values are obtained using generalized moment selection (GMS) procedures. We show that the proposed CS’s have correct uniform asymptotic coverage probabilities. New methods are required to establish these results because an infinite-dimensional nuisance parameter affects the asymptotic …

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Inference Based On Conditional Moment Inequalities, Donald W.K. Andrews, Xiaoxia Shi Jun 2010

Inference Based On Conditional Moment Inequalities, Donald W.K. Andrews, Xiaoxia Shi

Cowles Foundation Discussion Papers

In this paper, we propose an instrumental variable approach to constructing confidence sets (CS’s) for the true parameter in models defined by conditional moment inequalities/equalities. We show that by properly choosing instrument functions, one can transform conditional moment inequalities/equalities into unconditional ones without losing identification power. Based on the unconditional moment inequalities/equalities, we construct CS’s by inverting Cramér-von Mises-type or Kolmogorov-Smirnov-type tests. Critical values are obtained using generalized moment selection (GMS) procedures. We show that the proposed CS’s have correct uniform asymptotic coverage probabilities. New methods are required to establish these results because an infinite-dimensional nuisance parameter affects the asymptotic …

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Inference Based On Conditional Moment Inequalities, Donald W.K. Andrews, Xiaoxia Shi Jun 2010

Inference Based On Conditional Moment Inequalities, Donald W.K. Andrews, Xiaoxia Shi

Cowles Foundation Discussion Papers

In this paper, we propose an instrumental variable approach to constructing confidence sets (CS’s) for the true parameter in models defined by conditional moment inequalities/equalities. We show that by properly choosing instrument functions, one can transform conditional moment inequalities/equalities into unconditional ones without losing identification power. Based on the unconditional moment inequalities/equalities, we construct CS’s by inverting Cramér-von Mises-type or Kolmogorov-Smirnov-type tests. Critical values are obtained using generalized moment selection (GMS) procedures. We show that the proposed CS’s have correct uniform asymptotic coverage probabilities. New methods are required to establish these results because an infinite-dimensional nuisance parameter affects the asymptotic …

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Getting Past 'Rational Man/Emotional Woman': Comments On Research Programs In Happiness Economics And Interpersonal Relations, Julie A. Nelson Jun 2010

Getting Past 'Rational Man/Emotional Woman': Comments On Research Programs In Happiness Economics And Interpersonal Relations, Julie A. Nelson

Economics Faculty Publication Series

Orthodox neoclassical economics portrays reason as far more important than emotion, autonomy as more characteristic of economic life than social connection, and, more generally, things culturally and cognitively associated with masculinity as more central than things associated with femininity. Research from contemporary neuroscience suggests that such biases are related to certain automatic processes in the brain, and feminist scholarship suggests ways of getting beyond them. The “happiness” and “interpersonal relations” economics research programs have made substantial progress in overcoming a number of these biases, bringing into consideration by economists a wide range of phenomena which were previously neglected. Analysis from …

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Factors Affecting Brand Loyalty Among Malaysian Consumers In Their Choice Of Mobile Phone Brands., Bel Lew Lee Peng Jun 2010

Factors Affecting Brand Loyalty Among Malaysian Consumers In Their Choice Of Mobile Phone Brands., Bel Lew Lee Peng

Student Works (2010-2019)

Purpose Brand loyalty is a key factor that explains brand choice with which the consumer expresses his/her satisfaction with a brand. It is also one of the key constructs predicting consumer behavior. This study proposes and tests a five-factor model that explains the variations in the choice of mobile phone brands among Malaysian consumers. These factors include brand name, brand design, perceived quality, price and promotion. Design/ Methodology/ Approach A survey questionnaire was used as the research instrument for data collection in this study. The methods of collecting the quantitative survey data included self-administered and e-mailed questionnaires. Data was collected …

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Insuring Against Drought‐Related Livestock Mortality: Piloting Index Based Livestock Insurance In Northern Kenya, Andrew G. Mude, Sommarat Chantarat, Christopher B. Barrett, Michael R. Carter, Munenobu Ikegami, John G. Mcpeak Jun 2010

Insuring Against Drought‐Related Livestock Mortality: Piloting Index Based Livestock Insurance In Northern Kenya, Andrew G. Mude, Sommarat Chantarat, Christopher B. Barrett, Michael R. Carter, Munenobu Ikegami, John G. Mcpeak

Economics - All Scholarship

Climate related shocks are among the leading cause of production and efficiency losses in smallholder crop and livestock production in rural Africa. Consequently, the identification of tools to help manage the risks associated with climactic extremities is increasingly considered to be amongst the key pillars of any agenda to enhance agricultural growth and welfare in rural Africa. This paper describes the application of a promising innovation in insurance design – index‐based insurance – that seeks to bring the benefits of formal insurance to help manage the weather‐related risks faced by rural crop and livestock producers in low‐income countries. In particular, …

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Skew Selection Theory Applied To The Wealth And Welfare Of Nations, Susan F. Allen, Deby L. Cassill Jun 2010

Skew Selection Theory Applied To The Wealth And Welfare Of Nations, Susan F. Allen, Deby L. Cassill

The Journal of Sociology & Social Welfare

According to skew selection theory, working citizens who build wealth and, at the same time, share portions of their wealth with those in need are more likely to survive economic downturns than citizens who hoard wealth. In this article, skew selection is employed as a theoreticalframework to support governmental efforts to develop social policies that protect the income of working citizens and, at the same time, provide for vulnerable, non-working children and elders. To illustrate its applicability, the social policies of Japan, Sweden and the United States-all of which are challenged by decaying ratios of working to non-working citizens-are compared …

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Naira Convertibility: The Journey So Far, Moses K. Tule Jun 2010

Naira Convertibility: The Journey So Far, Moses K. Tule

Bullion

This paper examines the path to Naira Convertibility, the Journey so far. lt avers that convertibility is pursued by countries either as an economic management approach or as a tool for achieving higher reckoning on the global economic stage. Consequently, the examples of Argentina, Chile, Peru, Brazil, etc could fall in the first category while the Russian Rubble push could qualify for the second group. Nigeria's efforts at Naira convertibility would fall. The paper suggested that Nigeria should initiate a more realistic Naira convertibility programme through trade guarantees where it insists that imports from Nigeria from member ECOWAS members would …

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An Overview Of Financial Sector Reforms And Intermediation In Nigeria, George Okorie, Uche J. Uwaleke Jun 2010

An Overview Of Financial Sector Reforms And Intermediation In Nigeria, George Okorie, Uche J. Uwaleke

Bullion

Financial systems all over the world play very important roles in the development and growth of the economy. However, the effectiveness and efficiency of the system as well as its scope and capacity varies quite considerably among economies. This is partly because of the varied levels of ,development. More developed financial systems tend to be associated with the more developed economies. This paper advocates the speedy adoption of international financial reporting standard for all Nigerian banks (currently in the pipeline). This reform, while by no means a cure-all for problems of bank transparency, would nonetheless be a significant step forward, …

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Islamic Banking In Nigeria: Issues And Prospects, Ismaila S. Abdullahi Jun 2010

Islamic Banking In Nigeria: Issues And Prospects, Ismaila S. Abdullahi

Bullion

This paper analyzes the challenging issues and highlight the prospects of Islamic banking in Nigeria. Following this introduction is section two which discusses the evolution of Islamic banking including the basic principles as well as the products/services offered by the system. Section three reviews Islamic banking practices in Nigeria. Section four analyzes the challenging issues and highlights the prospects of practicing Islamic banking in Nigeria. Section five concludes the paper and proffers policy recommendations.

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Must Economics Always Determine Academic Destiny? Achievement Across Time In Two Academically Equivalent But Socioeconomically Diverse Same City Catholic Schools, Roseanne L. Williby, John W. Hill Jun 2010

Must Economics Always Determine Academic Destiny? Achievement Across Time In Two Academically Equivalent But Socioeconomically Diverse Same City Catholic Schools, Roseanne L. Williby, John W. Hill

Educational Leadership Faculty Publications

The study analyzed the pretest-posttest results of high stakes test scores, absence frequencies, and high school eligibility cut scores of students who completed fourth-grade through eighth-grades in two academically equivalent but socioeconomically diverse same city Catholic schools. Study outcomes were compared for a naturally formed group of students (n = 28) who had completed fourth-grade through eighth-grades in an urban Catholic school representing fewer family socioeconomic advantages and 40% eligibility for free and reduced price lunch program participation and tuition assistance and a randomly selected group of students (n = 28) completing fourth-grade through eighth-grades in a suburban Catholic school …

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Firm Value And The Tax Benefits Of Debt : A Study On Public Listed Company In Malaysia., Izam Syaharadzi Ahmad Sofian Jun 2010

Firm Value And The Tax Benefits Of Debt : A Study On Public Listed Company In Malaysia., Izam Syaharadzi Ahmad Sofian

Student Works (2010-2019)

This study has three main objectives. First, to empirically defines the relationship between firm value and debt of Public Listed Company in Malaysia once endogeneity of contemporaneous debt is corrected. Secondly the study looks into the possibility impact of alternative theories such as Free Cash Flow and Debt Signaling Hypotheses to the relationship between firm value and debt. Finally, it examines the influence of managerial ownership towards firm value and how it affects the benefits of debts. This study uses interest expense scaled by total assets as proxy of debt. The relationship between firm value and debt is statistically tested …

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Positive Economic Freedom: An Enabling Role For International Labor Standards In Developing Countries?, Tonia Warnecke, Alex De Ruyter Jun 2010

Positive Economic Freedom: An Enabling Role For International Labor Standards In Developing Countries?, Tonia Warnecke, Alex De Ruyter

Faculty Publications

Approaches to economic development have overemphasized negative economic freedom for multinational corporations at the expense of a majority of the population in developing countries. An inevitable outcome has been the growth of informal sector and “vulnerable” employment in developing countries and entrenchment of existing inequalities. We argue that rather than an emphasis on negative freedom, an emphasis on using labor standards to facilitate positive economic freedom must occur. Labor standards do this not only through the “core” rights of union membership and collective bargaining, but also in addressing substantive (“non-core”) rights at work (wages, working-time, etc.), thereby facilitating positive freedom.

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Macroeconomics Stress Testing On Malaysia Commercial Banks' Credit Portfolios., Foo Chii Shia Jun 2010

Macroeconomics Stress Testing On Malaysia Commercial Banks' Credit Portfolios., Foo Chii Shia

Student Works (2010-2019)

In the research paper, quarterly data on Non-performing Loan (NPL) for commercial banks in Malaysia over the time period of quarter 1, 1998 to quarter 4, 2009 together with 5 macroeconomic indicators i.e. Gross Domestic Product (GDP), Consumer Price Index (CPI), FTSE Bursa Malaysia KLCI (KLCI), Unemployment rate and House Property Index are collected to form a credit risk model. The estimated model is employed to analyse banking credit risks conditional on current macroeconomic conditions. Stepwise multiple regression method has been used which to select the useful subsets of variables and to evaluate the order of importance of variables. Furthermore, …

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Protected Areas Reduced Poverty In Costa Rica And Thailand, Kwaw S. Andam, Paul J. Ferraro, Katharine R. E. Sims, Andrew Healy, Margaret B. Holland Jun 2010

Protected Areas Reduced Poverty In Costa Rica And Thailand, Kwaw S. Andam, Paul J. Ferraro, Katharine R. E. Sims, Andrew Healy, Margaret B. Holland

Economics Faculty Works

As global efforts to protect ecosystems expand, the socioeconomic impact of protected areas on neighboring human communities continues to be a source of intense debate. The debate persists because previous studies do not directly measure socioeconomic outcomes and do not use appropriate comparison groups to account for potential confounders. We illustrate an approach using comprehensive national datasets and quasi-experimental matching methods. We estimate impacts of protected area systems on poverty in Costa Rica and Thailand and find that although communities near protected areas are indeed substantially poorer than national averages, an analysis based on comparison with appropriate controls does not …

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Explaining The Saving-Investment Relationship With Threshold Effects, Unro Lee Jun 2010

Explaining The Saving-Investment Relationship With Threshold Effects, Unro Lee

Eberhardt School of Business Faculty Articles

There have been many attempts to explain the unreasonably high correlation between domestic saving and investment rates. The threshold testing procedure developed by Hansen (1999) provides a framework for testing the effects of key variables relating to capital mobility in conjunction with the saving- investment relationship. Ho (2003) first applied this method to the saving-investment puzzle controlling for thresholds in country size. Extending this model, this paper reports a number of significant thresholds effects for country- size, trade and financial openness measures, age dependency ratios and trade balances. After controlling for threshold effects the relationship between savings and investment is …

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The Procyclical Behavior Of Total Factor Productivity In The United States, 1890-2004, Alexander J. Field Jun 2010

The Procyclical Behavior Of Total Factor Productivity In The United States, 1890-2004, Alexander J. Field

Economics

Between 1890 and 2004 total factor productivity (TFP) growth in the United States has been strongly procyclical, while labor productivity growth has been mildly so. This article argues that these results are not simply a statistical artifact, as Mathew Shapiro and others have argued. Procyclicality resulted principally from demand shocks interacting with capital services which are relatively invariant over the cycle. This account contrasts with explanations emphasizing labor hoarding as well as those offered by the real business cycle (RBC) program, in which TFP shocks (deviations from trend) are themselves the cause of cycles.

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Identifying The Effect Of A Welfare-To-Work Program Using Capacity Constraint: A New York City Quasi-Experinmet, John Ifcher Jun 2010

Identifying The Effect Of A Welfare-To-Work Program Using Capacity Constraint: A New York City Quasi-Experinmet, John Ifcher

Economics

In 1999 general assistance recipients in New York City were required to participate in a job training and outplacement assistance program. Initially, recipients were enrolled in ‘waves’ due to capacity constraints. The program’s impact is identified using a quasiexperiment in which selectees are compared to concomitantly eligible non-selectees. Selectees are 15 percentage points more likely to start a job and 10 percentage points more likely to exit welfare than are non-selectees. This methodology is important since random-assignment experiments can be costly and difficult to implement. Further, experiments are not impervious to criticism; this procedure addresses three of five known shortcomings.

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Optimal Solid Waste Policy With Centralized Recycling Opportunities, Thomas C. Kinnaman Jun 2010

Optimal Solid Waste Policy With Centralized Recycling Opportunities, Thomas C. Kinnaman

Faculty Journal Articles

Economic models have demonstrated the efficiency of curbside collection taxes. This paper demonstrates that such efficiencies disappear in economies with centralized recycling options - where recyclable materials can be removed from the waste stream either by households or at a centralized recycling facility. In such economies a curbside garbage tax not only fails to encourage the centralized recycler to internalize the external costs of waste disposal, but introduces inefficiencies to the cost-minimizing mix of household and centralized recycling efforts. The optimal waste policy is a tax assessed further downstream at the landfill rather than at the curb.

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Solid Waste Management In The Caribbean, Thomas C. Kinnaman Jun 2010

Solid Waste Management In The Caribbean, Thomas C. Kinnaman

Faculty Journal Articles

Increases in population, urbanization, and per-capita incomes in the Caribbean over the past century have magnified the traditional challenge of managing household refuse. This paper will discuss the historical evolution of solid waste management practices, summarize the current state of waste management in the Caribbean, consider the future growth of waste production, highlight options for future waste management, and finally consider policies available to change current household waste disposal practices. Solid waste planners might find this information useful to prepare long-term strategies for waste management in the Caribbean.

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Mountain Monitor-1st Quarter 2010, Mark Muro, Jonathan Rothwell, Kenan Fikri Jun 2010

Mountain Monitor-1st Quarter 2010, Mark Muro, Jonathan Rothwell, Kenan Fikri

Mountain Monitor Quarterly

Where are the jobs? That anxious question pervading national discussions of the Great Recession and its aftermath is becoming acute in the Intermountain West. Not only has the region’s usual faster-than-the-nation employment snapback after recessions failed to materialize this time around. What is more, the Mountain region’s halting economic recovery in some ways actually weakened in the first three months of 2010 as reports this new edition of the Mountain Monitor, a quarterly report produced by Brookings Mountain West, a partnership between Brookings and the University of Nevada, Las Vegas (UNLV), and a companion product to Brookings national MetroMonitor. Drawing …

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Examination Of The Regional Supply And Demand Balance For Renewable Electricity In The United States Through 2015: Projecting From 2009 Through 2015 (Revised), Lori Bird, David Hurlbut, Pearl Donohoo, Karlynn Cory, Claire Kreycik Jun 2010

Examination Of The Regional Supply And Demand Balance For Renewable Electricity In The United States Through 2015: Projecting From 2009 Through 2015 (Revised), Lori Bird, David Hurlbut, Pearl Donohoo, Karlynn Cory, Claire Kreycik

Publications (E)

This report examines the balance between the demand and supply of new renewable electricity in the United States on a regional basis through 2015. It expands on a 2007 NREL study (Swezey et al. 2007) that assessed the supply and demand balance on a national basis. As with the earlier study, this analysis relies on estimates of renewable energy supplies compared to demand for renewable energy generation needed to meet existing state renewable portfolio standard (RPS) policies in 28 states, as well as demand by consumers who voluntarily purchase renewable energy. However, it does not address demand by utilities that …

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Regional Science And Innovation Policies: Five Case Studies, Iryna Lendel, Luz Haack Jun 2010

Regional Science And Innovation Policies: Five Case Studies, Iryna Lendel, Luz Haack

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

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Northeast Ohio High-Tech Economy Report, Iryna Lendel Jun 2010

Northeast Ohio High-Tech Economy Report, Iryna Lendel

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

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Offshoring And The State Of American Manufacturing, Susan N. Houseman, Christopher Kurz, Paul A. Lengermann, Benjamin R. Mandel Jun 2010

Offshoring And The State Of American Manufacturing, Susan N. Houseman, Christopher Kurz, Paul A. Lengermann, Benjamin R. Mandel

Upjohn Institute Working Papers

The rapid growth of offshoring has sparked a contentious debate over its impact on the U.S. manufacturing sector, which has recorded steep employment declines yet strong output growth—a fact reconciled by the notable gains in manufacturing productivity. We maintain, however, that the dramatic acceleration of imports from developing countries has imparted a significant bias to the official statistics. In particular, the price declines associated with the shift to low-cost foreign suppliers generally are not captured in input cost and import price indexes. To assess the implications of offshoring bias for manufacturing productivity and value added, we implement the bias correction …

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Trust In Others: Does Religion Matter?, Joseph P. Daniels, Marc Von Der Ruhr Jun 2010

Trust In Others: Does Religion Matter?, Joseph P. Daniels, Marc Von Der Ruhr

Economics Faculty Research and Publications

Though the recent literature offers intuitively appealing bases for, and evidence of, a linkage among religious beliefs, religious participation and economic outcomes, evidence on a relationship between religion and trust is mixed. By allowing for an attendance effect, disaggregating Protestant denominations, and using a more extensive data set, probit models of the General Social Survey (GSS), 1975 through 2000, show that black Protestants, Pentecostals, fundamentalist Protestants, and Catholics, trust others less than individuals who do not claim a preference for a particular denomination. For conservative denominations the effect of religion is through affiliation, not attendance. In contrast, liberal Protestants trust …

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Why You Should Care About The Threatened Middle Class, Jill Littrell, Fred Brooks, Jan Ivery, Mary L. Ohmer Jun 2010

Why You Should Care About The Threatened Middle Class, Jill Littrell, Fred Brooks, Jan Ivery, Mary L. Ohmer

The Journal of Sociology & Social Welfare

In the last two decades, the income and security of the individual middle class worker has declined and the gap between the middle class and the wealthy has widened. We explain how this is bad for democracy, the economy, and the aggregate health of the nation. We examine the governmental policies and interventions that increased the middle class following the depression and maintained its vigor through the post-World War II period. The impetus for these changes in governmental policies in the 1930s was to end the Great Depression. We pose the question of whether a nation can recover from a …

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Montana Nonresident Traveler Expenditure Trends: 1998-2008, Kara Grau Jun 2010

Montana Nonresident Traveler Expenditure Trends: 1998-2008, Kara Grau

Institute for Tourism and Recreation Research Publications

This report shows the nonresident traveler expenditure trends for visitors of Montana from 1998-2008. It also displays the total actual expenditures and the total inflation-adjusted expenditures.

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Montana Nonresident Traveler Expenditure Trends: 1999-2009, Kara Grau Jun 2010

Montana Nonresident Traveler Expenditure Trends: 1999-2009, Kara Grau

Institute for Tourism and Recreation Research Publications

This report shows the nonresident traveler expenditure trends for visitors of Montana from 1999-2009. It also displays the total actual expenditures and the total inflation-adjusted expenditures.

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