Open Access. Powered by Scholars. Published by Universities.®

Economics Commons™

Open Access. Powered by Scholars. Published by Universities.®

2011

Discipline
Institution
Keyword
Publication
Publication Type
File Type

Articles 1261 - 1281 of 1281

Full-Text Articles in Economics

How Predictable Is The Chinese Stock Market?, Fuwei Jiang, Jun Tu, David Rapach, Jack K. Strauss, Guofu Zhou Jan 2011

How Predictable Is The Chinese Stock Market?, Fuwei Jiang, Jun Tu, David Rapach, Jack K. Strauss, Guofu Zhou

Research Collection Lee Kong Chian School Of Business

We analyze return predictability for the Chinese stock market index and its components sorted on industry, size, book-to-market and ownership concentration, with both in-sample and out-of-sample tests. We find significant predictability. Among industry portfolios, Finance and insurance, Real estate, and Manufacturing exhibit the most predictability, while small-cap, low book-to-market ratio and low ownership concentration firms also display considerable predictability. The conditional CAPM model largely accounts for component predictability, and industry concentration significantly explain differences in return predictability across industries, consistent with the information-flow frictions emphasized by Hong, Torous, and Valkanov (2007).

Go to article

Theorizing Practice In Economic Geography: Foundations, Challenges, And Possibilities, Andrew Jones, James T. Murphy Jan 2011

Theorizing Practice In Economic Geography: Foundations, Challenges, And Possibilities, Andrew Jones, James T. Murphy

Geography

Over the last decade or so there has been an identifiable shift in the interests of many economic geographers towards a concern with practices: stabilized, routinized, or improvised social actions that constitute and reproduce economic space, and through and within which socioeconomic actors and communities embed knowledge, organize production activities, and interpret and derive meaning from the world. Although this shift has gained significant momentum its general theoretical significance remains somewhat unclear and the concept is vulnerable to criticisms that it is incoherent, too 'micro-scale' in emphasis, unable to provide valid links between everyday practices and higher-order phenomena (eg, institutions, …

Go to article

Essays On The Economics Of Crime, Duha T. Altindag Jan 2011

Essays On The Economics Of Crime, Duha T. Altindag

LSU Doctoral Dissertations

This dissertation includes three essays on the application of economics to various aspects of crime and criminal activity. The research presented in this dissertation points out a cause and a consequence of crime as well as the possible influence of a law on criminal activity. The first chapter provides an introduction to the ways that economic reasoning can be used to analyze criminal activity. The second chapter examines individuals' gun carrying activity in the presence of concealed weapon laws. The results suggest that allowing law-abiding individuals to carry concealed handguns is more likely to reduce crime than to increase it. …

Go to article

Coastal Empire Economic Monitor, 1st Quarter, 2011, Armstrong Atlantic State University Center For Regional Analysis Jan 2011

Coastal Empire Economic Monitor, 1st Quarter, 2011, Armstrong Atlantic State University Center For Regional Analysis

Coastal Empire Economic Monitor

The Coastal Empire Economic Indicators are designed to provide continuously updating quarterly snapshots of the Savannah Metropolitan Statistical Area economy. The coincident index measures the current economic heartbeat of the region. The leading index provides a short term forecast of the region’s economic activity in six to nine months.

Go to article

Coastal Empire Economic Monitor, 2nd Quarter, 2011, Armstrong Atlantic State University Center For Regional Analysis Jan 2011

Coastal Empire Economic Monitor, 2nd Quarter, 2011, Armstrong Atlantic State University Center For Regional Analysis

Coastal Empire Economic Monitor

The Coastal Empire Economic Indicators are designed to provide continuously updating quarterly snapshots of the Savannah Metropolitan Statistical Area economy. The coincident index measures the current economic heartbeat of the region. The leading index provides a short term forecast of the region’s economic activity in six to nine months.

Go to article

Coastal Empire Economic Monitor, 4th Quarter, 2011, Armstrong Atlantic State University Center For Regional Analysis Jan 2011

Coastal Empire Economic Monitor, 4th Quarter, 2011, Armstrong Atlantic State University Center For Regional Analysis

Coastal Empire Economic Monitor

The Coastal Empire Economic Indicators are designed to provide continuously updating quarterly snapshots of the Savannah Metropolitan Statistical Area economy. The coincident index measures the current economic heartbeat of the region. The leading index provides a short term forecast of the region’s economic activity in six to nine months.

Go to article

Coastal Empire Economic Monitor, 3rd Quarter, 2011, Armstrong Atlantic State University Center For Regional Analysis Jan 2011

Coastal Empire Economic Monitor, 3rd Quarter, 2011, Armstrong Atlantic State University Center For Regional Analysis

Coastal Empire Economic Monitor

The Coastal Empire Economic Indicators are designed to provide continuously updating quarterly snapshots of the Savannah Metropolitan Statistical Area economy. The coincident index measures the current economic heartbeat of the region. The leading index provides a short term forecast of the region’s economic activity in six to nine months.

Go to article

The Myth Of Endless Accumulation: A Feminist Inquiry Into Globalization, Growth, And Social Change, Martha Freymann Miser Jan 2011

The Myth Of Endless Accumulation: A Feminist Inquiry Into Globalization, Growth, And Social Change, Martha Freymann Miser

Antioch University Dissertations & Theses

This theoretical dissertation examines the concept of growth and its core assumption—that the continual accumulation of wealth is both socially wise and ecologically sustainable. The study challenges and offers alternatives to the myth of endless accumulation, suggesting new directions for leadership and social change. The central question posed in this inquiry: Can we craft a more ethical form of capitalism? To answer this question, the study examines conventional and critical globalization studies; feminist scholarship on standpoint, political economy, and power; and the Enlightenment notions of progress and modernism, drawing on a number of works, including Aristotle on the three intelligences, …

Go to article

International Financial Reporting Standards: A Cautionary Note For Emerging Economies, Khursheed Omer, Darshan Wadhwa Jan 2011

International Financial Reporting Standards: A Cautionary Note For Emerging Economies, Khursheed Omer, Darshan Wadhwa

Business Review

Long before the present economic crisis unfolded, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) had been working to achieve harmonization in accounting and financial reporting standards across the globe. Now that the world economic community has become more integrated, cross border flow of capital has gained unprecedented momentum and steps are underway to achieve this goal as early as possible. Initial efforts to harmonize local accounting principles and practices with those followed in developed economies were generally aimed at facilitating foreign multinationals operating in other countries. The desired goal of harmonization now ought to …

Go to article

Dormant Ethnobotany: A Case Study Of Decline In Regional Plant Knowledge In The Bull Run Mountains Of Virginia, Susan Rene Leopold Jan 2011

Dormant Ethnobotany: A Case Study Of Decline In Regional Plant Knowledge In The Bull Run Mountains Of Virginia, Susan Rene Leopold

Antioch University Dissertations & Theses

This dissertation introduces and applies the concept of dormant ethnobotany, a concept that helps explain the socio-economic, cultural and ecological aspects and implications of the transition away from active use of ethnobotanical knowledge and the factors that may lead to its re-emergence. Dormant ethnobotany is the study of relationships between people and plants that are inactive, but nonetheless still alive in memories, the historic record, and folklore and thereby capable of reemergence in support of the transition to a more sustainable society. The dissertation extends the field of ethnobotany from its current roots in the dynamic ethnobotany of indigenous peoples. …

Go to article

Technical, Allocative And Economic Efficiencies In Sugarcane Production In Pakistan: A Non-Parametric Approach, Heman D. Lohano, Adnan Nazir, Ali M. Khushk Jan 2011

Technical, Allocative And Economic Efficiencies In Sugarcane Production In Pakistan: A Non-Parametric Approach, Heman D. Lohano, Adnan Nazir, Ali M. Khushk

Business Review

The objective of this paper is to measure the technical, allocative and economic efficiencies of sugarcane farms in Pakistan. These efficiencies are measured by data envelopment analysis method using the farm level data collected from 333 sugarcane growers of Pakistan in 2008. The results show that the average technical efficiency of the sugarcane farms is 75 percent, the average allocative efficiency is 83 percent, and the average cost efficiency is 62 percent. The results indicate that the sugarcane farms of Pakistan can reduce the costs of production by 38 percent to produce the same level of output by using the …

Go to article

The Cross-Atlantic Law And Economics Divide: A Dissent, Ben Depoorter, Jef De Mot Jan 2011

The Cross-Atlantic Law And Economics Divide: A Dissent, Ben Depoorter, Jef De Mot

Faculty Scholarship

No abstract provided.

Go to article

Quasi-Option Value Under Strategic Interactions, Tomoki Fujii, Ryuichiro Ishikawa Jan 2011

Quasi-Option Value Under Strategic Interactions, Tomoki Fujii, Ryuichiro Ishikawa

Research Collection School Of Economics

We consider a simple two-period model of irreversible investment under strategic interactions between two players. In this setup, we show that the quasi-option value may cause some conceptual difficulties. In case of asymmetric information, decentralized investment decisions fail to induce first-best allocations. Therefore a regulator may not be able to exercise the option to delay the decision to develop. We also show that information-induced inefficiency may arise in a game situation and that under certain assumptions inefficiency can be eliminated by sending asymmetric information to the players, even when the regulator faces informational constraints. Our model is potentially applicable to …

Go to article

Nonparametric And Semiparametric Panel Econometric Models: Estimation And Testing, Liangjun Su, Aman Ullah Jan 2011

Nonparametric And Semiparametric Panel Econometric Models: Estimation And Testing, Liangjun Su, Aman Ullah

Research Collection School Of Economics

This paper gives a selective review on the recent developments of nonparametric and semiparametric panel data models. We focus on the conventional panel data models with one-way error component structure, partially linear panel data models, varying coefficient panel data models, nonparametric panel data models with multi-factor error structure, and nonseparable nonparametric panel data models. For each area, we discuss the basic models and ideas of estimation, and comment on the asymptotic properties of different estimators and specification tests. Much theoretical and empirical research is needed in this emerging area

Go to article

Impact Of Remittances On Schooling In The Philippines: Does The Relationship To The Household Head Matter?, Tomoki Fujii Jan 2011

Impact Of Remittances On Schooling In The Philippines: Does The Relationship To The Household Head Matter?, Tomoki Fujii

Research Collection School Of Economics

The remittance have emerged as one of the most important sources of international flows. In the Philippines, the amount of remittance receipts has more than doubled over a decade since early 1990s. As a result, the way remittances are used has become extremely important for economic development. Unlike the previous studies, we allow for the potential heterogeneity in the impact of remittances across various relationships to the head of household and take into account the potential negative effects of being guarded by someone other than the parents. We find that the impact of remittances on schooling is generally positive and …

Go to article

Estimation And Forecasting Of Dynamic Conditional Covariance: A Semiparametric Multivariate Model, Xiangdong Long, Liangjun Su, Aman Ullah Jan 2011

Estimation And Forecasting Of Dynamic Conditional Covariance: A Semiparametric Multivariate Model, Xiangdong Long, Liangjun Su, Aman Ullah

Research Collection School Of Economics

We propose a semiparametric conditional covariance (SCC) estimator that combines the first-stage parametric conditional covariance (PCC) estimator with the second-stage nonparametric correction estimator in a multiplicative way. We prove the asymptotic normality of our SCC estimator, propose a nonparametric test for the correct specification of PCC models, and study its asymptotic properties. We evaluate the finite sample performance of our test and SCC estimator and compare the latter with that of PCC estimator, purely nonparametric estimator, and Hafner, Dijk, and Franses’s (2006) estimator in terms of mean squared error and Value-at-Risk losses via simulations and real data analyses.

Go to article

Education And Economy: The Impact Of Investment In Human Capital Through Education On Unemployment, Zafer Pirim Jan 2011

Education And Economy: The Impact Of Investment In Human Capital Through Education On Unemployment, Zafer Pirim

Educational Leadership & Workforce Development Theses & Dissertations

The impact of investment in human capital on economy has always been discussed in the literature. Existing studies in the literature generally focus on short term impacts of investment in human capital. While some studies see significant impact, some other ones see little or no impact. This study manipulated data that was cover a long span of time, a 25-year period. In this study the researcher inquired whether there is a significant correlation between education and economy in terms of the impacts of investment in human capital on unemployment over a long span of time. In this empirical study panel …

Go to article

The Economics Of Discrimination In The Court System: Police, Technology, And Their Interaction, Sarah Marx Quintanar Jan 2011

The Economics Of Discrimination In The Court System: Police, Technology, And Their Interaction, Sarah Marx Quintanar

LSU Doctoral Dissertations

This dissertation consists of three essays which utilize automated traffic enforcement data to investigate the existence of police discrimination in issuing speeding tickets and potential crime reduction as a secondary effect of using such programs. In the first chapter, I use tickets issued by automated traffic enforcement cameras as a measure of the population of speeders to compare with police-issued tickets. The novel dataset has an advantage over previous literature because data collection was not a result of suspected police bias. I find that a ticketed individual is more likely to be African-American and more likely to be female when …

Go to article

Monetary Policy Shocks: Analyzing The Quasi-Narrative Approach, Daniel Matthew Groft Jan 2011

Monetary Policy Shocks: Analyzing The Quasi-Narrative Approach, Daniel Matthew Groft

LSU Doctoral Dissertations

This dissertation empirically identifies exogenous changes in monetary policy and estimates their effects on the economy. The framework is the Romer and Romer (2004) quasi-narrative approach to identifying exogenous changes in monetary policy. The first essay replicates the Romer-Romer (RR) “quasi-narrative” measure of shocks and updates them with Greenbook forecasts to 2003. A key result is the quasi-narrative approach is robust to updates and corrections for serial correlation. An alternative, independently formed measure of the intended funds rate from Thornton (2005) is compared to the RR measure. The measures are highly correlated and display slight differences concerning the timing of …

Go to article

Essays On The Random Parameters Logit Model, Tong Zeng Jan 2011

Essays On The Random Parameters Logit Model, Tong Zeng

LSU Doctoral Dissertations

This research uses quasi-Monte Carlo sampling experiments to examine the properties of pretest and positive-part Stein-like estimators in the random parameters logit (RPL) model based on the Lagrange Multiplier (LM), likelihood ratio (LR) and Wald tests. First, we explore the properties of quasi-random numbers, which are generated by the Halton sequence, in estimating the random parameters logit model. We show that increases in the number of Halton draws influence the efficiency of the RPL model estimators only slightly. The maximum simulated likelihood estimator is consistent and it is not necessary to increase the number of Halton draws when the sample …

Go to article

Markets And Morality, Jagdish N. Bhagwati Jan 2011

Markets And Morality, Jagdish N. Bhagwati

Faculty Scholarship

The paper addresses two issues. First, economics has evolved both as a positive science and, from moral philosophy, also as a normative discipline. Advancing the public good requires that public policy walk on both these legs. Second, the criticism has been forcefully made that markets undermine morality. This contention is refuted in several ways.

Go to article

First Prev