Economics Commons^™

Feeding World’S Hungry-Food Security Or Food Sovereignty, Vinod Raina

South South Forum 南南論壇

The increased wealth creation by nations stands in contrast with the extent of hunger around the World. By hunger we simply mean the want or scarcity of food in a country. The Food and Agricultural Organisation (FAO) estimates that 925 million people in the World are hungry. Against a total World population of 6.8 billion, this means 1 out of every 7 in the World goes hungry. Most of them live in developing countries, and sixty-five percent of them live in only seven countries: China,India,Bangladesh, the Democratic Republic of Congo,Indonesia,PakistanandEthiopia(FAO, 2011). Furthermore, each year more people die due to hunger …

Economic Resilience : Including A Case Study Of The Global Transition Network, Julie Richardson

South South Forum 南南論壇

This paper explores the dynamic properties of organisms and ecosystems that make them so resilient and capable of adapting to changing circumstances, allowing them to maintain an overall condition of coherence, wholeness and health while living in balance within the resources of the planet. Key principles of resilient ecological systems are explored including: self-regulation; positive and negative feedback; diversity; scale and context; cooperation; emergence and novelty; and ecological tipping points. In contrast, market based economic systems can produce unstable growth with unintended destruction of cultural and species diversity and homogenisation of global life-styles. The paper re-examines fundamental economic principles using …

Alternatives In Times Of The Reinvention Of Capitalism, Pablo Solon

South South Forum 南南論壇

Crisis & reconfiguration

1. A new attack to the labor force
2. Privatization of public services and knowledge (the commons)
3. The expansion of financialisation
4. A new assault to Mother Earth: Natural capital
5. Intervention, criminalization and war

The Implosion Of The Contemporary Global Capitalist System = 当代资本主义体系的内爆, Samir Amin

South South Forum 南南論壇

Contemporary capitalism is a capitalism of generalized monopolies. By this I mean that monopolies are now no longer islands (albeit important) in a sea of other still relatively autonomous companies, but are an integrated system. Therefore, these monopolies now tightly control all the systems of production. Small and medium enterprises, and even the large corporations that are not strictly speaking oligopolies are locked in a network of control put in place by the monopolies. Their degree of autonomy has shrunk to the point that they are nothing more than subcontractors of the monopolies. This system of generalized monopolies is the …

主权外部性与币缘战略 : 关于发展陷阱的案例研究 = Sovereignty Externalities And Currency-Strategy Development Trap Case Studies, Tiejun Wen

South South Forum 南南論壇

本报告以全球化危机向发展中国家转嫁为据，提出两个论点。其一，大多数发展中国家因“成本转嫁”而沉落于发展主义陷阱的根本教训，在于其在向殖民主义宗主国争取国家“合法”独立的交易中，已经形成了失去资源和经济主权的负外部性。其二，当前金融资本时代强权政治控制的币缘战略不同于传统的产业资本时代的地缘战略，并且在以国家为单位的全球竞争框架中，客观地形成了金融主导国家币权为核心的“币权三角”；由此衍生出国家竞争的微笑曲线，乃是制造业国家承担金融化制度成本的内在机制。

这些理论创新，可以解释包括中国在内的一般发展中国家的困境成因。

本文把通过非暴力形式的政治谈判这种“交易”来形成发展中国家独立主权进程中与生俱来的制度性缺陷，称为“主权外部性”；把金融资本阶段凭借政治强权维护世界储备货币地位、并据此向能源和食物市场释放过剩流动性，借以把巨额债务转化为他国通胀危机的“巧实力”运作，称为“币缘战略”。

这两者都是发展中国家难以改出发展陷阱的主要原因，也是金融全球化阶段内在形成国家竞争的微笑曲线的前提条件。

Based on an understanding that the crises of core nations are being transferred to developing countries and thus globalized, two perspectives are highlighted here: first, the development trap most developing countries are caught in due to “cost transfer” by advanced countries can be attributed to the negative externalities of having lost part of their resources and economic sovereignty in the transaction with their former suzerains for gaining “legitimate” independence; second, the currency-strategy of political dominance by the super power in contemporary financial capitalism is different from traditional geo-strategy in the age of industrial capitalism. In the …

Mcofuture: Formulas For Success In Montgomery County, Ohio, Zachary Moore, Jack Dustin

Explorations – The Journal of Undergraduate Research, Scholarship and Creativity at Wright State

The subject of regionalism and metropolitan government is one that has increasingly been addressed following the latest economic downturn and subsequent cuts in government funding. In today’s globalizing world, metropolitan regions across the United States have sought to not only attract new companies and jobs, but also to retain the companies and jobs they already have. It has become a struggle for some cities to hold on to businesses, whether they are relocating to another region altogether or even to a nearby suburban municipality. When it comes to economic development, competition is fierce between cities and regions. It is now …

Comparative Effectiveness Research And Patient Centered Outcomes Research In Public Health Settings: Design, Analysis, And Funding Considerations, Glen P. Mays

Health Management and Policy Presentations

The principles and methods of CER and PCOR have developed primarily with therapeutics in mind, but they must also be applied to the study of public health programs, policies, and delivery systems. This session surveys the emerging field, and provides examples of CER/PCOR methods applied in public health settings using practice-based research networks (PBRNs).

Salary Determination In The National Hockey League: Restricted, Unrestricted, Forwards, And Defensemen, Kevin Peck

Honors Theses

This thesis will attempt to estimate the relationships between salary and measures of the marginal productivity of hockey players, or performance indicators. Salary determination, as in most other sports leagues, is determined in a labor market. Each player has a marginal revenue product of labor (MRPL) and this MRPL varies from player to player, and from team to team. Firms, in this case teams, seek to add players with a high MRPLin order to increase the quantity and quality of product they sell, in this case wins. Among other things, a player has a MRPLthat will equate to the additional …

World Hunger, Keegan Flanigan, Garrett Cruz

Anthropology 100: Feast and Famine In a Global World Poster Assignment

U.S. to Mauritania Comparisons

• 40% of food processed in the United States is thrown away
• 1.3 billion tons of food, more than 1/3 of the world's food production is lost or wasted annually.
• If food waste in the United States was reduced by 15%, the amount of food could feed 25 million people (five times the population of Mauritania) for a year.

Modernization, Sexual Risk-Taking, And Gynecological Morbidity Among Bolivian Forager-Horticulturalists, Jonathan Stieglitz, Aaron D. Blackwell, Raúl Quispe Gutierrez, Edhitt Cortez Linares, Michael Gurven, Hillard Kaplan

ESI Publications

Sexual risk-taking and reproductive morbidity are common among rapidly modernizing populations with little material wealth, limited schooling, minimal access to modern contraception and healthcare, and gendered inequalities in resource access that limit female autonomy in cohabiting relationships. Few studies have examined how modernization influences sexual risk-taking and reproductive health early in demographic transition. Tsimane are a natural fertility population of Bolivian forager-farmers; they are not urbanized, reside in small-scale villages, and lack public health infrastructure. We test whether modernization is associated with greater sexual risk-taking, report prevalence of gynecological morbidity (GM), and test whether modernization, sexual risk-taking and parity are …

The Future Of State And Local Economic Development Policy: What Research Is Needed?, Timothy J. Bartik

Presentations

No abstract provided.

Trading With India, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

The last one year has seen many positive developments vis-à-vis India. Pakistan earned huge goodwill by granting Most Favored Nation (MFN) status to India and replacing the positive list of imported goods by a negative list. This negative list is also to be phased out by December 2012, paving the way for the South Asia Free Trade Agreement (SAFTA) that has been hostage to India-Pakistan relations, which had – in turn – hurt intra-regional trade.

Rhode Island Current Conditions Index — December 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Is There More To Food Insecurity Among Children Than Poverty? The Importance Of Measurement, Neeraj Kaushal, Jane Waldfogel, Irwin Garfinkel, Vanessa Wight

University of Kentucky Center for Poverty Research Discussion Paper Series

This paper examines the association between poverty and food insecurity among children using the official measure of poverty and the newsupplemental poverty measure of the Census Bureau based on a more inclusive definition of family resources and needs. Our objective is to study whether the association between food insecurity and poverty improves with a more comprehensive measure of income and needs. We find a strong and statistically significant association between income-to-needs ratio based on the official poverty metric and food insecurity among children—particularly very low food security among children. A more inclusive measure of income-to-needs-ratio, based on the supplemental poverty …

Vocational Rehabilitation (Vr) Approaches To Job Development, Catherine Ipsen, University Of Montana Rural Institute

Employment

Vocational Rehabilitation (VR) agencies provide a range of services to help people with disabilities become employed. How services are delivered, however, depends on several factors including client interests and abilities as well as economic opportunities within the local community. For better or worse, rural and urban clients face vastly different employment landscapes. For instance, USDA Economic Resource Service data indicate that rural people earn lower wages and experience lower employment rates (ERS, 2012). Rural counties also have fewer full-time jobs per capita, particularly in skilled labor sectors (ERS, 2012; Parker, 2003). Urban areas have higher employment rates in professional and …

Political Contributions And Insurance, Bryan Engelhardt, Justin Svec

Economics Department Working Papers

We propose a mechanism that eliminates the incentive for risk-averse agents to influence government policy via political contributions. The mechanism requires the government to create a political insurance exchange where agents can insure against the outcome of a government decision and firms selling insurance announce and commit to a price of insurance and their political contributions. If the exchange contains actuarially fair priced insurance, then the agent fully insures and neither the firm nor agent lobbies the government. The exchange is better than contribution limits because it is welfare-enhancing, more fair, and does not restrict speech.

Amazon.Com: Offering Everything From A To Z, Stephanie Lang, Logan Tinder, Jarett Zimmerman, Jeffrey S. Harrison

Robins Case Network

Amazon’s focus on customer service has led to an impressive record of growth and profitability. However, late in 2012, the company posted a quarterly loss. This asks whether the company may be sacrificing profits in the interest of growing rapidly. It also explores the incredibly competitive environment Amazon faces.

Finding Upstate South Carolina's Consumers' Willingness To Pay For Local Food With A Price Premium Donation To Local Food Banks, Emily Young

All Theses

The objective of this study is to evaluate Upstate South Carolina consumers' willingness to pay for a system in which local food banks and local farms support one another. The proposed system will be based on local food consumers paying a price premium for locally grown agricultural products, and this premium is then donated to local food banks. The food banks would act as intermediaries to improve sustainability of local farms and in the long term, this system is expected to provide external benefits to local economic development. The study uses a consumer demand mail survey to record opinions about, …

Does Economic Decline Contribute To A Decline In Children’S Food Security?, Kimberly Groover, Bradford Mills, George Davis

University of Kentucky Center for Poverty Research Discussion Paper Series

Most Americans believe that children should not experience persistent worry about the quality or quantity of food consumed due to low household resources. Since 1995, the USDA has tracked children’s food security based upon household responses to the annual Current Population Survey Food Security Supplement (CPS-FSS). During this time, a small, but recently growing, share of U.S. households report multiple indicators of reduced food intake and disrupted eating patterns among children due to inadequate resources to obtain food (Coleman- Jenson et al, 2012). The USDA classifies children as food secure, low food secure, or very low food secure based upon …

Analyzing The Health Insurance Provision For Young Adults Of The 2010 Patient Protection And Affordable Care Act In Its First Year Of Implementation, Andrew Roehl

All Theses

Since the 2010 Patent Protection and Affordable Care Act is so young, very little is known about the effects that the policies that it will put in place will have on our nation's health care system moving forward. Recent releases by the U.S. Census Bureau and the Center for Disease Control and Prevention allow for a thorough analysis of one of the first policies, the adult dependent coverage policy for people under the ages of 26, put into place by this piece of legislation in 2011. The economic models run in this paper look at the strengths and the weaknesses …

Top Athlete Pay, Kevin F. Hallock

Economics Faculty Publications

The US has a history of discussing the pay of the relatively well-paid. This is partly because pay levels of some are revealed publicly (e.g., CEOs of publicly traded companies). Americans are also characterized as being celebrity-obsessed. So discussing the pay of superstars seems inevitable. However, they do not have quality data on the compensation of the relatively highly paid in many organizations and professions. When the author speaks about compensation in front of large groups, someone (and in many cases, many people) gets incensed over what they term "outrageous" or "egregious" levels of executive compensation. Athletes are rarely mentioned. …

Analysis Of Crime Data Using Principal Component Analysis: A Case Study Of Katsina State, Shehu U. Gulumbe, Dikko H. .G., Bello Yusuf

CBN Journal of Applied Statistics (JAS)

This paper analyses Katsina State crime data which consists of the averages of eight major crimes reported to the police for the period 2006 – 2008. The crimes consist of robbery, auto theft, house and store breakings, theft/stealing, grievous hurt and wounding, murder, rape, and assault. Correlation analysis and principal component analysis (PCA) were employed to explain the correlation between the crimes and to determine the distribution of the crimes over the local government areas of the state. The result has shown a significant correlation between robbery, theft and vehicle theft. While MSW local government area has the lowest crime …

An Assessment Of Monetary Policy Response To Capital Inflows In Nigeria1, Usman M. Okpanachi

CBN Journal of Applied Statistics (JAS)

Large and persistent capital inflows can be a double-edged sword. Accompanying its many attractions is the tendency to display a boom and bust pattern (volatility and reversals) in addition to the possibility of causing rapid exchange rate appreciation, inflation and loss of monetary policy independence. These downside risks create very strong impetus for some sort of policy response like sterilization, fiscal consolidation or controls. This study employs a simple analytical framework to estimate the intensity (and effectiveness) of monetary sterilization by the Central Bank of Nigeria (CBN) in response to increased capital inflows in recent years. The study finds evidence …

Inflation And Economic Growth In Nigeria: Detecting The Threshold Level, Sani I. Doguwa

CBN Journal of Applied Statistics (JAS)

This paper re-examines the issue of the existence and the level of inflation threshold in the relationship between inflation and growth in Nigeria, using three different approaches that provide appropriate procedures for estimating the threshold level and inference. While Sarel’s (1996) approach provides a threshold point estimate of 9.9 per cent that was not well identified by the data, the technique of Khan and Senhadji (2001) identifies a 10.5 per cent inflation threshold as statistically significant to explain the inflation-growth nexus in Nigeria. Also, the approach of Drukker et al (2005) suggests a two threshold point model with 11.2 and …

An Estimation Of Economic Models With Recursive Preferences, Xiaohong Chen, Jack Favilukis, Sydney C. Ludvigson

Cowles Foundation Discussion Papers

This paper presents estimates of key preference parameters of the Epstein and Zin (1989, 1991) and Weil (1989) (EZW) recursive utility model, evaluates the model’s ability to fit asset return data relative to other asset pricing models, and investigates the implications of such estimates for the unobservable aggregate wealth return. Our empirical results indicate that the estimated relative risk aversion parameter ranges from 17-60, with higher values for aggregate consumption than for stockholder consumption, while the estimated elasticity of intertemporal substitution is above one. In addition, the estimated model-implied aggregate wealth return is found to be weakly correlated with the …

Mathematical Institutional Economics, Martin Shubik

Cowles Foundation Discussion Papers

An overview is given of the utilization of strategic market games in the development of a game theory based theory of money and financial institutions.

Wealth Effects Revisited 1975-2012, Karl E. Case, John M. Quigley, Robert J. Shiller

Cowles Foundation Discussion Papers

We re-examine the links between changes in housing wealth, financial wealth, and consumer spending. We extend a panel of U.S. states observed quarterly during the seventeen-year period, 1982 through 1999, to the thirty-seven year period, 1975 through 2012Q2. Using techniques reported previously, we impute the aggregate value of owner-occupied housing, the value of financial assets, and measures of aggregate consumption for each of the geographic units over time. We estimate regression models in levels, first differences and in error-correction form, relating per capita consumption to per capita income and wealth. We find a statistically significant and rather large effect of …

Cost Innovation: Schumpeter And Equilibrium. Part 2: Innovation And The Money Supply, Martin Shubik, William D. Sudderth

Cowles Foundation Discussion Papers

The control structure over money and real assets is considered in the process of cost innovation. The work here contrasts with the first part of this paper where the emphasis was on the physical aspects of innovation. Here the emphasis is primarily on the money supply aspects of innovation. We conclude with observations on evaluation and the locus of control in the process of innovation.

Macro-Prudential Regulation And Effective Monetary Policy, Moses K. Tule

Economic and Financial Review

This paper makes a bold attempt to examine some of the issues within the narrow context of monetary policy. Following the introduction, Section 2 examines some conceptual issues including the institutional framework for monetary and macro-prudential policy. Section 3 discusses the objectives and instruments of monetary and macro-prudential policy including indicators of systemic risk, while Section 4 examines at the interaction of macro-prudential with monetary policy and how this could be enhanced. In Section 5, the experiences of other countries with macro-prudential regulation are presented and lessons drawn for Nigeria. Section 6 concludes the paper and provides insights for an …

Examining The Short-Run Price Elasticity Of Gasoline Demand In The United States, Michael Brannan

All Theses

Estimating the consumer demand response to changes in the price of gasoline has important implications regarding fuel tax policies and environmental concerns. There are reasons to believe that the short-run price elasticity of gasoline demand fluctuates due to changing structural and behavioral factors. In this paper I estimate the short-run price elasticity of gasoline demand in two time periods, from 2001 to 2006 and from 2007 to 2010. This study utilizes data at both the national and state levels to produce estimates. The short-run price elasticities range from -0.034 to -0.047 during 2001 to 2006, compared to -0.058 to -0.077 …