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2010

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Articles 61 - 90 of 1144

Full-Text Articles in Economics

Trade And Divergence In Education Systems, Pao Li Chang, Fali Huang Dec 2010

Trade And Divergence In Education Systems, Pao Li Chang, Fali Huang

Research Collection School Of Economics

This paper presents a theory on the endogenous choice of a country's education policy and the two-way causal relationship between trade and education systems. The setting of a country's education system determines its talent distribution and comparative advantage in trade; the possibility of trade by raising the returns to the sector of comparative advantage in turn induces countries to further diferentiate their education systems and reinforces the initial pattern of comparative advantage. Specifically, the Nash equilibrium choice of education systems by two countries interacting strategically are necessarily more divergent than their autarky choices, although the difference is still less than …

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The Wto Trade Effect, Pao Li Chang, Myoung-Jae Lee Dec 2010

The Wto Trade Effect, Pao Li Chang, Myoung-Jae Lee

Research Collection School Of Economics

This paper reexamines the GATT/WTO membership effect on bilateral trade flows, using nonparametric methods including pair-matching, permutation tests, and a Rosenbaum (2002) sensitivity analysis. Together, these methods provide an estimation framework that is robust to misspecification biases, allows general forms of heterogeneous treatment effects, and addresses potential hidden selection biases. This is in contrast to most conventional parametric studies on this issue. Our results suggest large GATT/WTO trade-promoting effects, robust to various restricted matching criteria, alternative indicators for GATT/WTO involvement, different matching methodologies, non-random incidence of positive trade flows, and inclusion of multilateral resistance terms.

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Need Singapore Fear Floating? A Dsge-Var Approach, Hwee Kwan Chow, Paul D. Mcnelis Dec 2010

Need Singapore Fear Floating? A Dsge-Var Approach, Hwee Kwan Chow, Paul D. Mcnelis

Research Collection School Of Economics

This paper uses a DSGE-VAR model to examine the managed exchange-rate system at work in Singapore and asks if the country has any reason to fear floating the exchange rate with a Taylor rule inflation-targeting mechanism that uses the short term interest rate instead of the exchange rate as the benchmark monetary policy instrument. Our simulation results show that the use of a more flexible exchange rate system will reduce volatility in inflation and investment but consumption volatility will increase. Overall, there are neither signi…cant welfare gains or losses in the regime shift. Given the highly open and trade …

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On The Robustness Of The Positive Relation Between Expected Idiosyncratic Volatility And Expected Return, Fangjian Fu Dec 2010

On The Robustness Of The Positive Relation Between Expected Idiosyncratic Volatility And Expected Return, Fangjian Fu

Research Collection Lee Kong Chian School Of Business

My 2009 JFE paper ["Idiosyncratic Risk and the Cross-Section of Expected Stock Returns', Journal of Financial Economics, Vol. 91, pp. 24-37] documents a positive and statistically significant cross-sectional relation between expected idiosyncratic volatility (E(IVOL)) and expected stock return. A recent working paper titled "On the Relation between EGARCH Idiosyncratic Volatility and Expected Stock Returns" by Guo, Ferguson, and Kassa of University of Cincinnati suggests that the positive relation is driven by an in-sample approach to estimate E(IVOL). They fail to find a significant relation between return and their E(IVOL) estimated out of sample. I find that two estimation settings in …

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Sequential Investment, Hold-Up And Strategic Delay, Juyuan Zhang, Yi Zhang Dec 2010

Sequential Investment, Hold-Up And Strategic Delay, Juyuan Zhang, Yi Zhang

Research Collection School Of Economics

We investigate hold-up with simultaneous and sequential investment. We show that if the encouragement effect of sequential complementary investments dominates the delay effect, sequential investment alleviates the underinvestment caused by the hold-up problem. Further, if it is allowed to choose when to invest, strategic delay occurs when the encouragement effect of sequential complementary investments dominates the delay effect.

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Micro-Level Estimation Of Child Undernutrition Indicators In Cambodia, Tomoki Fujii Dec 2010

Micro-Level Estimation Of Child Undernutrition Indicators In Cambodia, Tomoki Fujii

Research Collection School Of Economics

One major limitation to addressing child undernutrition is a lack of the information required to target resources. This article extends the small-area estimation technique of Elbers, Lanjouw, and Lanjouw (2002, 2003) to jointly estimate multiple equations while allowing for individual-specific random errors across equations (in addition to cluster- and household-specific random errors). Estimates of the prevalence of stunting and underweight for children under age 5 in Cambodia from 17 Demographic and Health Survey strata are disaggregated into 1,594 communes by combining the Demographic and Health Survey data. The estimates are consistent with the surveyonly estimates at the aggregate and primary …

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East And Central Europe: The Impact Of The 2008–09 Global Financial Crisis, Ishrat Husain Dr. Nov 2010

East And Central Europe: The Impact Of The 2008–09 Global Financial Crisis, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

My remarks this morning will be focused on the question whether the European Union (EU) membership has helped or hindered the East and Central European (ECE) countries in coping with the recent global financial crisis. Before I delve into this question, let me suggest that the economic structure and institutions that the ECE countries had inherited from the Soviet dominated political relationship in the 1990s were quite different from the well established economics of the Western European Countries (WECs). The decade of 1990s was spent by the ECE countries in privatizing state-owned enterprises and banks, establishing autonomous central banks and …

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Managing Government Business-Relations In Pakistan, Ishrat Husain Dr. Nov 2010

Managing Government Business-Relations In Pakistan, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

I wish to thank the Management Association of Pakistan for inviting me this afternoon to attend this ceremony. As I am privileged to address a highly distinguished audience I would like to share my thoughts on a subject about which there is very little open debate and discourse. The topic I have chosen this afternoon “Managing Government Business – Relations in Pakistan” is quite critical to all the stakeholders in the economy of Pakistan. In almost all nation-states of the world, private businesses have to co-exist with governments. The balance between the two in economic space varies a lot. On …

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Private Sector And Economic Growth, Ishrat Hussain Dr. Nov 2010

Private Sector And Economic Growth, Ishrat Hussain Dr.

Faculty Research - Talks, Speeches, & Discourse

Despite spectacular achievements on the economic front: achieving growth rate of 6 percent annually for over four decades, tripling its per capita income and drastically declining the incidence of poverty from almost 50 percent of the population to less than 20 percent by the late eighties although it has resurged to 34 percent by the late nineties. However, we are still a poor and underdeveloped country and the benefits of this progress have not been shared universally.

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Accounting For Disability Insurance In The Dynamic Relationship Between Disability Onset And Earnings, Perry Singleton Nov 2010

Accounting For Disability Insurance In The Dynamic Relationship Between Disability Onset And Earnings, Perry Singleton

Economics - All Scholarship

The onset of a work-limiting disability coincides with an immediate decline in earnings with little recovery. This study examines whether this relationship is attributable to the labor disincentives of disability insurance. The data come from the Survey of Income and Program Participation linked to administrative data from the Social Security Administration. The analysis suggests that disability insurance accounts for little of the initial drop in earnings at the time of disability onset, but its effect may increase as time since disability onset elapses. The results highlight the advantages of immediate, though temporary disability benefits.

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Regression Approach To Adjust Wia Performance Standards, Timothy J. Bartik, Randall W. Eberts, Kenneth J. Kline Nov 2010

Regression Approach To Adjust Wia Performance Standards, Timothy J. Bartik, Randall W. Eberts, Kenneth J. Kline

Presentations

No abstract provided.

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Lean Manufacturing As A Source Of Competitive Advantage, Ryan Scott Williams Nov 2010

Lean Manufacturing As A Source Of Competitive Advantage, Ryan Scott Williams

Theses and Dissertations

The productivity advances generated from lean manufacturing are self-evident. Plants that adopt lean are more capable of achieving high levels of quality, shorter lead times, and less waste in the system. While it seems logical that higher levels of productivity and quality, as is common in lean companies, should result in positive financial performance, the research community has failed to establish the financial profitability of lean. Those researchers who have studied the financial returns issue report varying results. The goal of this research was to determine if a connection exists between lean and financial success and to discover why so …

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Fayette County, Wv Case Study: A Look At The Movement Towards Energy And Water Efficiency, Davina Bird, Hodjat Ghadimi, Randall Jackson Nov 2010

Fayette County, Wv Case Study: A Look At The Movement Towards Energy And Water Efficiency, Davina Bird, Hodjat Ghadimi, Randall Jackson

Regional Research Institute Working Papers

The focal area for this study is Fayette County, West Virginia. Using a qualitative semi-structured interview process, information was gathered so as to present a clear overview of what both the private and public sector are doing with regard to energy and/or water efficiency within the county. Given the pervasive nature of the issue of efficiency, interviewees were encouraged to describe their agency or organizational efforts as it relates to what they thought “energy and/or water efficiency” entailed. On the basis of the twenty-one interviews conducted, the progress being undertaken by different entities was noted and divided under five themes …

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Graduation Requirements, Skills, Postsecondary Education, And The Michigan Economy, Timothy J. Bartik, Kevin Hollenbeck Nov 2010

Graduation Requirements, Skills, Postsecondary Education, And The Michigan Economy, Timothy J. Bartik, Kevin Hollenbeck

Testimonies

No abstract provided.

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The Economic Impact Of Oaklawn Hospital On The Marshall Area, George A. Erickcek Nov 2010

The Economic Impact Of Oaklawn Hospital On The Marshall Area, George A. Erickcek

Reports

No abstract provided.

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Real Economic Development Comes From Entrepreneurship, Larry B. Swain Nov 2010

Real Economic Development Comes From Entrepreneurship, Larry B. Swain

Economics Commentator (1972- 2016)

No abstract provided.

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Setting And Adjusting Workforce Performance Targets, Randall W. Eberts Nov 2010

Setting And Adjusting Workforce Performance Targets, Randall W. Eberts

Conference Papers

No abstract provided.

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Design And Economic Growth In West Michigan: Survey Findings, Brad R. Watts, George A. Erickcek Nov 2010

Design And Economic Growth In West Michigan: Survey Findings, Brad R. Watts, George A. Erickcek

Reports

No abstract provided.

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New Mexico Labor Market Review 11-04-2010, New Mexico Department Of Workforce Solutions Nov 2010

New Mexico Labor Market Review 11-04-2010, New Mexico Department Of Workforce Solutions

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers September 2010.

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Coaching Leaders: Co-Creating Purpose Based Innovation, Connie I. Reimers-Hild Nov 2010

Coaching Leaders: Co-Creating Purpose Based Innovation, Connie I. Reimers-Hild

Kimmel Education and Research Center: Presentations and White Papers

The purpose of the presentation was to demonstrate the importance and effectiveness of coaching leaders in today's global economy. Leadership coaching has the potential to co-create innovation in organizations of all sizes. Three case studies were shared. In each example, Dr. Connie presented the effectiveness of her coaching program. Each case study demonstrated the power of leadership and innovation on the economy, society and individual.

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Unemployment Insurance And Low-Educated Single Working Mothers Before And After Welfare Reform, H. Luke Shaefer, Liyun Wu Nov 2010

Unemployment Insurance And Low-Educated Single Working Mothers Before And After Welfare Reform, H. Luke Shaefer, Liyun Wu

Upjohn Institute Working Papers

Using the Survey of Income and Program Participation (SIPP), a nationally representative, longitudinal survey, this study examines changing levels of Unemployment Insurance (UI) eligibility and benefit receipt among working low-educated single mothers, 1990–2005. It also examines changing participation in cash welfare and the Food Stamp Program (FSP). Relative to single childless women, there has been no increase in UI benefit receipt among single mothers entering a spell of unemployment in the postreform period, even though single mothers have increased their relative rates of UI eligibility. Because of declining cash assistance receipt, UI became a more common income support than cash …

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Energy And Economic Growth: A State-Level Analysis, Nathanael D. Peach Nov 2010

Energy And Economic Growth: A State-Level Analysis, Nathanael D. Peach

Faculty Publications - College of Business

No abstract provided.

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Achieving Middle-Income Status By 2030: Is This The Most Appropriate Objective For Zambia?, Venkatesh Seshamani Nov 2010

Achieving Middle-Income Status By 2030: Is This The Most Appropriate Objective For Zambia?, Venkatesh Seshamani

Zambia Social Science Journal

On the backdrop of three important quotes and based on a wealth of underlying research, this article presents a systematic review of growth and development measurement in general and specifically in relation to Zambia’s prospects of achieving middle income status by 2030. It highlights what it takes to achieve middle income status and what the limitations of such ambitions are. In commenting about Zambia’s prospects, the article presents detailed cross-country comparisons with selected African economies. Attention is paid to aspects of economic (income) growth, human development and true human progress, using a range of international indicators in the analysis. Ultimately …

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November 2010, Syracuse Department Of Economics Nov 2010

November 2010, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

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Culvert Material Cost Comparison, New England Environmental Finance Center Nov 2010

Culvert Material Cost Comparison, New England Environmental Finance Center

Water

The following tables provide a detailed look at the role that culvert material and culvert diameter play in the overall cost of a culvert replacement project.

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Rhode Island Current Conditions Index — November 2010, Leonard Lardaro Nov 2010

Rhode Island Current Conditions Index — November 2010, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

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Japan’S Ticad: Alternative Global Framework For Africa’S Development?, Bertha Z. Osei-Hwedie, Kwaku Osei-Hwedie Nov 2010

Japan’S Ticad: Alternative Global Framework For Africa’S Development?, Bertha Z. Osei-Hwedie, Kwaku Osei-Hwedie

Zambia Social Science Journal

Since 1993, Japan has sought to aid Africa’s development through the Tokyo International Conference on African Development (TICAD). TICAD is a multilateral, donor-recipient framework within which Japan interacts with Africa on a range of development issues. It represents the Post Washington Consensus approach as an alternative donor strategy and development model, with the hope of replicating the East Asian development miracle in Africa. TICAD makes Japan an important source of development assistance to Africa and for facilitation of South-South cooperation. This article discusses TICAD’s principles, objectives and programmes. It focuses on TICAD’s achievements in terms of its impact on African …

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Increasing Returns To Marketing In Zambian Maize Markets, Gelson Tembo, Thomas S. Jayne Nov 2010

Increasing Returns To Marketing In Zambian Maize Markets, Gelson Tembo, Thomas S. Jayne

Zambia Social Science Journal

The article investigates the existence of market externalities due to increasing returns to marketing. Panel data on 198 pairs of maize markets in Zambia and correlated random effects linear and tobit estimators were used to model the relationship between market externalities and producer-to-wholesale marketing margins. This article is one of the first to explicitly account for unobserved local market heterogeneity in a developing country context. The results suggest that Zambian smallholder maize markets are substantially specialized with significant margin-reducing own externality effects and insignificant cross-externality effects. The results also indicate that the unobserved market effects exert a systematic influence on …

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Growth And Regional Integration: The Case Of The Southern African Development Community, Chris Mupimpila, Patricia Funjika Nov 2010

Growth And Regional Integration: The Case Of The Southern African Development Community, Chris Mupimpila, Patricia Funjika

Zambia Social Science Journal

The neoclassical growth model is augmented with structural variables to analyse the determinants of economic growth in the Southern African Development Community. The results show that physical capital, exports, infrastructure, and human capital have a positive and significant effect on economic growth. However, inflation and external debt service have a negative but significant impact on economic growth in the region. In addition, the results suggest that the underdevelopment of the financial sector is a source of heterogeneity among member countries. Therefore, to promote growth and deeper integration in the region, it is necessary to address the underlying causes of inflation, …

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Are Savings Working For Zambia’S Growth?, Chrispin Mphuka Nov 2010

Are Savings Working For Zambia’S Growth?, Chrispin Mphuka

Zambia Social Science Journal

This article analyses the effect of savings on economic growth in Zambia. Using vector auto regression, the article finds that economic growth ‘Granger’ causes domestic savings. This goes contrary to the neoclassical theory on the relationship between economic growth and savings. However, the article argues that a case of increasing domestic savings mobilization holds on the premise that doing so may influence growth indirectly by attracting partnerships with international capital thereby helping to inject new technology in the economy which is undoubtedly vital for growth. The argument is strengthened further by observing that East Asian countries have grown faster than …

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