Economics Commons^™

Be A Part Of The Plan - Engaging People - Linking The World, Charlotte Narjes

Cornhusker Economics

The Nebraska Broadband Planning Initiative, in its fourth year, is designed to increase adoption and utilization of broadband in communities and regions. Goals of this initiative include:

Increase adoption and utilization of Broadband in communities and regions with an emphasis on unserved and underserved regions.

Work as a region in developing regional Broadband plans that increase adoption and utilization of broadband.

Increase understanding of importance of Broadband as a foundation of economic growth.

The Initiative is focused around the following project areas:

Mapping

Planning (capacity building, technical assistance and regional planning).

Affordable Care Act And Your Ag Business, Marilyn R. Schlake, Carroll S. Welte, Charlotte Narjes, Jim Crandall

Cornhusker Economics

Implementation of the Affordable Care Act (ACA) is steadily moving forward. Whether you agree or disagree with the ACA, the fact is that it is currently the national law. Already we are seeing changes affecting how hospitals, doctors and insurance carriers operate. Regulations impacting individuals and businesses in the areas of benefits covered, maximum out-of-pocket costs, taxes and penalties began on October 1st. Spend time now to evaluate how these changes will affect you, your family and your business operations.

Debt Contagion In The Europe: A Panel-Vector Autoregressive (Var) Analysis, Sharmila K. King, Florence Bouvet, Ryan Brady

College of the Pacific Faculty Articles

The European sovereign-debt crisis began in Greece when the government announced in December, 2009, that its debt reached 121% of GDP (or 300 billion euros) and its 2009 budget deficit was 12.7% of GDP, four times the level allowed by the Maastricht Treaty. The Greek crisis soon spread to other Economic and Monetary Union (EMU) countries, notably Ireland, Portugal, Spain and Italy. Using quarterly data for the 2000–2011 period, we implement a panel-vector autoregressive (PVAR) model for 11 EMU countries to examine the extent to which a rise in a country’s bond-yield spread or debt-to-GDP ratio affects another EMU countries’ …

Newspaper Without The Paper, Jill Patterson

A with Honors Projects

An observation on how the newspaper industry is changing and how it directly relates to the topic of microeconomics.

Four-Stage Dea Efficiency Evaluations: Financial Reforms In Public University Funding, G. Thomas Sav

Economics Faculty Publications

Financial reforms in U.S. public higher education are well underway and are progressively replacing university enrollment based funding formulas with performance based models driven, in part, by graduation rates. Doing so, however, fails to account for the internal resource constraints and managerial efficiencies associated with production. Moreover, graduation rates are affected by external factors beyond the control of university decision-makers. This paper addresses these issues and uses a four-stage data envelopment analysis (DEA) model to evaluate university graduation rate performance. The four-stage DEA efficiencies correct for both environmental and statistical noise effects on university operations. Efficiency estimates control for the …

A Book Review Of Capitalist Manifesto: Understanding The Market Economy And Defending Liberty, Brad Ward

Journal for the Advancement of Developing Economies

The purpose of this paper is to review the book A Capitalist Manifesto: Understanding the Market Economy and Defending Liberty by Gary Wolfram. In a time of political unrest throughout the industrialized and developing world, Wolfram defends the free market economic system and educates the reader as to the various benefits of capitalism. According to the author, governments should create concise laws and regulations that allow individuals to pursue their ambitions without unnecessary interference. Wealth redistribution, a trait associated with socialism, leads to stagnant economies and minimal innovations. The roles that banks and the government play in the economy are …

Multinational Enterprise Entry Modes In Sub-Saharan Africa: An Eclectic Paradigm Perspective, Isaac Yao Addae, Martinez Vencia Addae

Journal for the Advancement of Developing Economies

The use of entry modes by multinational firms has received increased attention from international business scholars. Based on the context of sub-Saharan Africa, this research reviews the locational benefits offered to MNEs by in this region. Borrowing from the eclectic paradigm of international production, the research also examines the effects of each type of entry on the locational advantages offered to MNEs. Propositions are presented to suggest which mode of entry MNEs should pursue in African markets, based on the existence of locational advantages that complement existing firm-specific advantages. Practical and research implications are discussed, in addition to considerations for …

Exchange Rate Volatility And Foreign Direct Investment In Sub-Saharan Africa, Emmanuel Ekow Asmah, Francis Kwaw Andoh

Journal for the Advancement of Developing Economies

Foreign Direct Investment (FDI) is an important source of financing development. It enhances efficiency and raises skills of local manpower, facilitates transfer of technology, generates employment and promotes productivity resulting in broad welfare improvements. Although FDI could have a substantial impact on the growth of African economies, poverty reduction and the achievement of various dimensions of human development as articulated in the Millennium Development Goals, its flows to Africa, though growing steadily have been relatively low, volatile, and highly concentrated in a few countries. One of the factors that have been identified in the literature as key drivers of FDI …

Determinants Of Savings Rate In Rural Nigeria: A Micro Study Of Kwara State, Oluwakemi Adeola Obayelu

Journal for the Advancement of Developing Economies

The inability of households to save over time has significant influence on the rate of capital accumulation and economic growth in developing countries. In order to understand this trend, this research assesses savings rates and its correlates in rural Kwara state, Nigeria. A multistage sampling procedure was used to obtain data from 120 households. This was then analyzed using two descriptive statistics: the generalized linear model and the Tobit regression model. Results show that majority of the rural households were male-headed (81.0 percent) and combined farming with other non-farming activities (73.5 percent). The Tobit regression model reveals that age squared …

Walking Back From Cyprus, Lee C. Buchheit, Mitu Gulati

Faculty Scholarship

Last Friday, the European leaders trespassed on consecrated ground by putting insured depositors in Cypriot banks in harm’s way. They had other options, none of them pleasant but some less ominous than the one they settled on.

The Pigou-Dalton Principle And The Structure Of Distributive Justice, Matthew D. Adler

Faculty Scholarship

The Pigou-Dalton (PD) principle recommends a non-leaky, non-rank-switching transfer of goods from someone with more goods to someone with less. This Article defends the PD principle as an aspect of distributive justice --- enabling the comparison of two distributions, neither completely equal, as more or less just. It shows how the PD principle flows from a particular view, adumbrated by Thomas Nagel, about the grounding of distributive justice in individuals' "claims." And it criticizes two competing frameworks for thinking about justice that less clearly support the principle: the veil-of-ignorance framework, and Larry Temkin's proposal that fairer distributions are those concerning …

Regulating Ex Post: How Law Can Address The Inevitability Of Financial Failure, Iman Anabtawi, Steven L. Schwarcz

Faculty Scholarship

Unlike many other areas of regulation, financial regulation operates in the context of a complex interdependent system. The interconnections among firms, markets, and legal rules have implications for financial regulatory policy, especially the choice between ex ante regulation aimed at preventing financial failure and ex post regulation aimed at responding to that failure. Regulatory theory has paid relatively little attention to this distinction. Were regulation to consist solely of duty-imposing norms, such neglect might be defensible. In the context of a system, however, regulation can also take the form of interventions aimed at mitigating the potentially systemic consequences of a …

Can We Build Behavioral Game Theory?, Gale M. Lucas, Mathew D. Mccubbins, Mark Turner

Faculty Scholarship

The way economists and other social scientists model how people make interdependent decisions is through the theory of games. Psychologists and behavioral economists, however, have established many deviations from the predictions of game theory. In response to these findings, a broad movement has arisen to salvage the core of game theory. Extant models of interdependent decision-making try to improve their explanatory domain by adding some corrective terms or limits. We will make the argument that this approach is misguided. For this approach to work, the deviations would have to be consistent. Drawing in part on our experimental results, we will …

Transparency In International Investment Law: The Good, The Bad, And The Murky, Julie A. Maupin

Faculty Scholarship

How transparent is the international investment law regime, and how transparent should it be? Most studies approach these questions from one of two competing premises. One camp maintains that the existing regime is opaque and should be made completely transparent; the other finds the regime sufficiently transparent and worries that any further transparency reforms would undermine the regime’s essential functioning. This paper explores the tenability of these two positions by plumbing the precise contours of transparency as an overarching norm within international investment law. After defining transparency in a manner befitting the decentralized nature of the regime, the paper identifies …

Revisiting Sovereign Bankruptcy, Lee C. Buchheit, Anna Gelpern, Mitu Gulati, Ugo Panizza, Beatrice Weder Di Mauro, Jeromin Zettelmeyer

Faculty Scholarship

Sovereign debt crises occur regularly and often violently. Yet there is no legally and politically recognized procedure for restructuring the debt of bankrupt sovereigns. Procedures of this type have been periodically debated, but so far been rejected, for two main reasons. First, countries have been reluctant to give up power to supranational rules or institutions, and creditors and debtors have felt that there were sufficient instruments for addressing debt crises at hoc. Second, fears that making debt easier to restructure would raise the costs and reduce the amounts of sovereign borrowing in many countries. This was perceived to be against …

Integrated Scenarios For Energy: A Methodology For The Short Term, Tadhg O'Mahony

Articles

Quantitative point forecasts of energy and emissions have experienced difficulty with responding to uncertainty. Accuracy issues arise even in the short term with consequences for policy. The technique of scenario analysis is increasingly applied in scientific inquiry on the long term but it also has utility in the short term. This paper presents a discussion of the use of forecasts for prediction and proposes integrated or ´hybrid´ exploratory qualitative and quantitative scenarios in its stead. Various methodological issues are explored towards formulation of a scenario development process. Integrated scenarios structure thinking on the future, bound uncertainty, document important assumptions, aid …

Can Spatial Dependence Enhance Industry Sustainability? The Case Of Pasture-Based Beef, Inocencio Rodriguez, Gerard D'Souza, Thomas Griggs

Regional Research Institute Working Papers

Can sustainability be enhanced by maximizing the sum of private and social benefits from an industry? This might take place, for example, by identifying production options that increase profitability side-by-side with societal goals such as renewable energy production and carbon sequestration, healthier communities, environmental quality, and economic development. We explore this issue for pasture based beef (PBB), a nascent industry where industry profitability, community development, and quality of life can be enhanced by explicitly linking the PBB supply chain spatially and intertemporally, thereby increasing the sum of private and social benefits. We develop a framework based on optimal control theory …

Does The Life-Cycle Theory Really Matter? Saving And Spending Habits Of College Students, Kaitlin Karlson

Psychology Honors Papers

This study looked at the financial behavior of college students and recent alumni as it relates to economic theory and the life-cycle hypothesis. With student loans increasing dramatically and credit card debt becoming more of a reality, it is critical to understand what drives financial stability or instability after graduation. The pool of 230 participants was composed of 174 women and 56 men, representative of eight years of graduating classes, 2009-2016, from Connecticut College. Students comprised 29.1% of the participants and alumni made up the remaining 70.9%. Participants completed a survey including three quantitative measures on credit card use, financial …

Data Envelopment Analysis Of Relative Efficiencies Of Public And Private Institutions Of Higher Learning, Joseph Calhoun, Joshua Hall

Economics Faculty Working Papers Series

There has been considerable public debate surrounding the efficiency of higher education in the United States. Using Data Envelopment Analysis, we look at the efficiency of a majority of the institutions of higher learning in the United States. Using two different approaches, we find some evidence that private institutions of higher learning are more efficient than public ones. In particular, masters and bachelors-granting institutions with unrestricted revenue greater than 85% are more efficient than those with less than 85%. Public institutions tend to have more restricted funding, suggesting that their stakeholders constrain them from operating on the frontier.

Stewardship Of The Biosphere In The Urban Era, Michail Fragkias

Economics Faculty Publications and Presentations

We are entering a new urban era in which the ecology of the planet as a whole is increasingly influenced by human activities (Ellis 2011; Steffen et al. 2011a, b; Folke et al. 2011). Cities have become a central nexus of the relationship between people and nature, both as crucial centres of demand of ecosystem services, and as sources of environmental impacts. Approximately 60 % of the urban land present in 2030 is forecast to be built in the period 2000–2030 (Chap. 21). Urbanization therefore presents challenges but also opportunities. In the next two to three decades, we have unprecedented …

The Determinants Of Credit Allocations In A Market-Based Trading System: Evidence From The Reclaim Program, Antonio M. Bento, Emeric Henry, Scott E. Lowe

Economics Faculty Publications and Presentations

This paper examines the determinants of emission credit allocations under the Regional Clean Air Incentives Market (RECLAIM) - a program aimed at reducing nitrogen oxides (NO_X) and sulfur oxides (SO_X) - in the greater Los Angeles area. Our results suggest that deviations in the allocation of emission credits can be systematically explained by firm-level factors and the location of the facility. Our results also indicate that deviations in the allocation of emission credits may have been made in an attempt to regulate toxics, and that certain industries were protected in the early stages of the program.

A Synthesis Of Global Urbanization Projections, Michail Fragkias, Burak Güneralp, Karen C. Seto, Julie Goodness

Economics Faculty Publications and Presentations

This chapter reviews recent literature on global projections of future urbanization, covering the population, economic and physical extent perspectives. We report on several recent findings based on studies and reports on global patterns of urbanization. Specifically, we review new literature that makes projections about the spatial pattern, rate, and magnitude of urbanization change in the next 30–50 years. While projections should be viewed and utilized with caution, the chapter synthesis reports on several major findings that will have significant socioeconomic and environmental impacts including the following:

• By 2030, world urban population is expected to increase from the current 3.4 billion …

Kentucky Annual Economic Report 2013, Christopher Bollinger, William Hoyt, David Blackwell, Michael T. Childress

Kentucky Annual Economic Report

No abstract provided.

Amr Ragab, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• Shaikh, A. (2013, May 15). Materials related to Amr Ragab’s dissertation proposal defense, including notes referencing Ellen Freeberg [Manuscript folder]. Manuscript in possession of the author.

• Shaikh, A. (2013, September 18). Notes for Amr Ragab’s final dissertation defense addressing vertically integrated macroeconomic indicators, GDP per capita, wage equalization, and inclusive growth [Handwritten manuscript notes]. Manuscript in possession of the author.

• Shaikh, A. (2013, May 15). Notes from Amr Ragab’s proposal defense on the Fokker–Planck equation, a Musthoff model of relative wages, and Bowles and Gintis [Handwritten manuscript notes]. Manuscript in possession of the author. …

Ral Chapter 14, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• Shaikh, A. (n.d.). Handwritten notes on Friedman, the Phillips curve, and NAIRU for RAL Chapter 14. Unpublished manuscript notes. Credited to Anwar Shaikh, PhD.

• Shaikh, A. (2013, March 12; 2013, May 25). Appendix 14.2: Data sources, methods, and regressions, including regression outputs. Unpublished manuscript.

• Shaikh, A. (n.d.). Appendix 14.1: Dynamics of the classical and Goodwin models. Unpublished manuscript.

• Shaikh, A. (2014, June 26). Handwritten notes and derivations for Appendix 14.1, Chapter 14. Unpublished manuscript notes. Credited to Anwar Shaikh, PhD.

• Shaikh, A. (2013, May 16). RALEND65: Handwritten notes …

Europe’S Little Tiger?: Reassessing Economic Transition In Slovakia Under The Mečiar Government 1993-1998, David A. Wemer

The Gettysburg Historical Journal

Vladimir Mečiar, the first Prime Minister of independent Slovakia, is often criticized for his suppression of free media, political repression, and the widespread corruption of his government from 1993-1998. Mečiar has also been attacked for his economic policies, which critics suggest slowed down privatization and left Slovakia in a huge debt crisis. A closer look at macroeconomic data, however, demonstrates an impressive economic record for Mečiar, who oversaw several years of strong GDP growth, and relatively low levels of unemployment and inflation. By slowing down the privatization process, retaining control of key industries, and maintaining the social safety net, Mečiar …

Tutsim, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• TUTSIM manual excerpts detailing block syntax for various operators [Technical documentation; n.d.].

• List of TUTSIM commands [Reference document; n.d.].

• Quick index to TUTSIM block syntax by functional groups [Reference document; n.d.].

• Shaikh, A. (2013, March 19). TUTSIM model file “ralendg3”: Classical model with endogenous productivity and labor supply growth [Unpublished manuscript].

• Shaikh, A. (n.d.). Graph of profit paths from a TUTSIM model with instructions for inverting colors in Microsoft Word [Unpublished manuscript].

• Shaikh, A. (2013, March 17). Smooth transition between two values in TUTSIM (model minmax2.sim) [Document; unpublished manuscript].

Behavioral Economics And Childhood Health: Applications And Implications, Katie Reynolds

Whittier Scholars Program

The selections of food is affecting the health of Americans and numerous fields are attempting to answer this issue that Americans face. Behavioral economics accounts for human behavior not represented in the theoretical framework of classical economic models. Although behavioral economics was established before 2002 it became popular when Daniel Kahneman won the Nobel Prize in Economic Sciences for connecting psychological research into economic science. After Kaufman won the award, behavioral economics began to grow rapidly in both private and public sector applications and has continued to develop into a larger field. The purpose of this study is to address …

Marx On Value, Form Of Value, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (n.d.). Marx on value, form of value [Handwritten cover note].

• Shaikh, A. (n.d.). Marx on value [Typed manuscript].

• Shaikh, A. (2013, October 31). L eco 3101 [Unpublished handwritten notes].

• Shaikh, A. (2013, October 24). Hist. foundations I [Unpublished handwritten notes].

• Shaikh, A. (2013, November 6). Hist of thought [Unpublished handwritten notes].

• Shaikh, A. (n.d.). Notes on contradiction, exchange, and money [Unpublished handwritten notes].

• Shaikh, A. (2013, October 24). Hist found. I [Unpublished handwritten notes].

• Shaikh, A. (n.d.). Lecture 2: Exchange, money and price [Typed manuscript with handwritten …

النظام المحاسبي الموحد المتخصص ومدى انسجامه مع البيئة المصرفية الدولية, اسعد غني جهاد, اسعد منشد محمد

Muthanna Journal of Administrative and Economics Sciences

تعد المصارف قلب اقتصاد البلد النابض فالنشاط المصرفي له مساهمة كبيرة في ديمومة الحركة الاقتصادية وتعزيز مكانته الاقتصادية من خلال ما تقدمه تلك المصارف من خدمات مصرفيه جمة تساهم في تقوية الاستثمارات وجلب استثمارات جديدة لذا فان مشكله البحث تكمن في عدم تحديث النظام المحاسبي الموحد المتخصص للمصارف ومنذ ثلاث عقود مضت ، لذا فحاول الباحثان تقديم بعض المقترحات لتجديد وتحديث هذا النظام المطبق من خلال الوقوف على الاتجاهات الحديثه التي تتبعها المصارف في تقديم خدماتها المصرفية وقد توصل الباحثان الى ان تحقيق المصارف للتوسع والانتشار من خلال تحرير خدماتها المصرفية والمالية يساعدها في المحافظه على مكانتها المصرفية ومن ثم …