Economics Commons^™

Three Essays On Asset Allocation And Asset Pricing, Chen Cao

Legacy Theses & Dissertations (2009 - 2024)

This dissertation investigates several classical yet unsettled issues in asset allocation and asset pricing.

Three Essays In Health Economics And Labor Economics, Lei Li

Legacy Theses & Dissertations (2009 - 2024)

There are three essays in this dissertation. The first two explore the effect of maternal employment on family well being. The third essay explores the effect of academic department quality on publication productivity.

Loose Notes, Articles, Newspapers, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Wassener, B., Bradsher, K., & Reuters. (2012). Trade data confirms economic slowdown in China (and other articles). The New York Times, September 11, 2012. The New York Times Company.
• Campbell, I. (2011). The limitations on central banks (and other articles). The New York Times, August 15, 2011. The New York Times Company.
• Shaikh, A. (n.d.). The arc of modern macroeconomics (Unpublished manuscript notes).
• Shaikh, A. (n.d.). Kalecki and monopoly power theory (Unpublished manuscript notes).
• Shaikh, A. (2013). Bellafiore on Sweezy and Mattick (Unpublished manuscript notes).
• Shaikh, A. (n.d.). Kaleckian distribution and trade balance dynamics (Unpublished …

Macro General Notes I, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Surowiecki, J. (2013). Stockmania. The New Yorker, 38. Condé Nast. (22-13_Macr... p. 2)
• Shaikh, A. (2008). Wray on government finance (Unpublished manuscript notes). (22-13_Macr... p. 3)
• Shaikh, A. (2012). Firms collectively decide to raise investment (Unpublished manuscript notes). (22-13_Macr... p. 4)
• Shaikh, A. (n.d.). Government bond finance and consumer sacrifice (Unpublished manuscript notes). (22-13_Macr... p. 5)
• Shaikh, A. (n.d.). Mathematical formulations on prices and wages (Unpublished manuscript notes). (22-13_Macr... p. 6)
• Davis, J. (2011). The crypto-currency: Bitcoin and its mysterious inventor. The New Yorker, 62–70. Condé Nast. (22-13_Macr... p. 7)
• Lohr, S. (2011). More jobs …

The G20 And Global Economic Governance During A Protracted Recession, Evren Celik Wiltse

School of American and Global Studies Faculty Publications with a Focus on History, Philosophy, Political Science, and Religion

Thus far, the G20 represents the most significant collective attempt to address the 2008 economic crisis by the world’s largest economies. It is the only global platform that could serve as an institutional panacea for the protracted economic slowdown that has been experienced since 2008. This article analyses the G20 by situating it in the general historical-institutional context of the global economic governance. It compares and contrasts the G20 with the Bretton Woods institutions. Subsequently, some of the most pronounced criticisms of G20 are addressed, including concerns about possible “agenda creep” and the lack of a hegemonic underwriter.

What Should Be Taught In Intermediate Macroeconomics?, Pedro De Araujo, Roisin O'Sullivan, Nicole B. Simpson

Economics: Faculty Publications

A lack of consensus remains on what should form the theoretical core of the undergraduate intermediate macroeconomic course. In determining how to deal with the Keynesian/classical divide, instructors must decide whether to follow the modern approach of building macroeconomic relationships from micro foundations, or to use the traditional approach based on aggregate models of the macroeconomy. In this article, the authors discuss the advantages and shortcomings of each approach in the context of course objectives. Because there is significant heterogeneity in textbook coverage, the authors summarize some of the approaches taken in current intermediate-level textbooks, which should serve as a …

Health Care Reform: Perceptions Of Nonmetropolitan Nebraskans, 2013 Nebraska Rural Poll Results, Rebecca J. Vogt, Cheryl A. Burkhart-Kriesel, Randolph L. Cantrell, Bradley Lubben

Nebraska Rural Poll

Most rural Nebraskans currently have health insurance. Only nine percent of rural Nebraskans do not have health insurance while the majority of residents have health insurance through job benefits. These responses are nearly identical to 2004 when this question was last asked.

Persons living in the North Central region, persons with lower household incomes, persons who have never married, persons with lower education levels and persons with food service or personal care occupations are the groups most likely to be uninsured.

Most rural Nebraskans expect to have health insurance next year. Only two percent of residents do not plan on …

Social Reproduction In The Time Of Neoliberalization: The Role Of The Employment Guarantee In India, Sirisha C. Naidu

Economics Faculty Publications

Privatization and informalization of production, land fragmentation and the agrarian crisis in India has forced a significant fraction of rural households to underconsume and widened the income gap at a time of relatively high economic growth. Despite the significant role of the state in precipitating and intensifying this crisis, and in vindicating Polanyi’s notion of a double movement, the state has also invested in social schemes such as the National Rural Employment Guarantee Scheme (NREGS). Seven years after this scheme was first implemented, there is growing evidence of a seemingly contradictory picture of the NREGS. This paper reviews current literature …

Three Essays On: Cancelling Liquidity, Information Generation And Learning By Holding Privately Placed Securities, And Information Generation, Learning And The Trading Dynamics Of Institutional Traders During The 2007-2008 Financial Crisis, Ethan Watson

Electronic Theses and Dissertations

This dissertation consists of three essays on cancelling liquidity, information generation and learning by holding private placements, and information generation, learning and the trading dynamics of institutional traders during the 2007-2008 financial crisis. The first essay examines cancellation activity of limit orders. We document a two-fold increase in limit order cancellation activity over the last decade, and study the determinants of cancellations and the change in cancellation activity through time. We also examine the impact of order cancellation on market quality. We use an instrumental variable approach and estimate a simultaneous equations model to overcome simultaneity in the trading process. …

International Trade And Investments In The Philippines: Some Policy Issues And Implications For Further Research, Angelo B. Taningco

Angelo King Institute for Economic and Business Studies (AKI)

The Philippines has embarked on domestic economic reforms and the promotion of regional economic integration and multilateral trade liberalization with the purpose of strengthening international trade and investment. The National Economic and Development Authority (NEDA), in its Philippine Development Plan 2011-2016, has enunciated strategies that aim to improve the competitiveness of the domestic economy’s industrial and services sectors and narrow the country’s infrastructure gaps. In 2007, the Philippines, together with other Association of Southeast Asian Nation (ASEAN) countries adopted the ASEAN Economic Community (AEC) Blueprint, with the countries agreeing to accelerate the transformation of the region to an AEC—a region …

Career Guide: Wholesale And Retail Trade Policy Brief (Wrt), Paulynne J. Castillo, Christopher James R. Cabuay

Angelo King Institute for Economic and Business Studies (AKI)

The WRT industry is a leading employer in the Philippines, with an annual average of 18-19% of total Philippine employment from 2006-2010. It contributed an average of 16.85% annually to the country’s gross domestic product, 2006- 2009. The wholesale subsector’s share was an average of 3.98% annually, while the retail subsector’s was an average of 12.87% annually. WRT is poised to continuously support the country’s bid to sustain economic growth and be a dominant force in the labor market.

New Silicon Valleys Or A New Species? Commoditization Of Knowledge Work And The Rise Of Knowledge Services Clusters, Stephan Manning

Management and Marketing Faculty Publication Series

This paper explores knowledge services clusters (KSCs) as a distinct and increasingly important form of geographic cluster, in particular in emerging economies: KSCs are defined as geographic concentrations of lower-cost skills serving global demand for increasingly commoditized knowledge services. Based on prior research on clusters and services offshoring, and data from the Offshoring Research Network (ORN), major properties and contingencies of KSC growth are discussed and compared with both high-tech clusters and low-cost manufacturing clusters. Special emphasis is put on the ambivalent effect of commoditization of knowledge work on KSC growth: It is proposed that KSCs attract most projects if …

North Dakota’S Oil Boom And Its Effect On North Dakota Politics, Nick "Nick" Nelson

Political Science Theses and Capstones

North Dakota’s oil boom is causing some of its countries to experience significant population increases. I study the effect this is having on the politics of North Dakota. To assess the effect of increased oil production on the population of counties and its effect on the politics of those counties I gathered statistics at the county level in the areas of oil production, populations including total, black, Hispanic, white, and male populations, and voting behavior (Republican or Democrat) from the United State Census, the North Dakota Secretary of State, and the North Dakota Industrial Commission, Department of Natural Resources. My …

Le Rôle De La Responsabilité Sociale Des Entreprises Dans La Réalisation De La Performance : Etude Par Questionnaire De La Rse Au Sein De Sonatrach, آسيا هبري

Muthanna Journal of Administrative and Economics Sciences

تشير الدراسة التالية إلى صورة المؤسسة كنتيجة لمختلف التفاعلات الداخلية و الخارجية للأطراف المشاركة في العملية الإنتاجية ، في إطار التطرق لمختلف الأدوار و النتائج التي تمارسها المؤسسة على هده الأطراف و مشاركة كل منها في تحقيق النجاعة في معناها الكلي . ترتكز الدراسة التالية على فرضيات المصالح المشتركة بين المؤسسة و الأطراف المتدخلة في العملية الإنتاجية داخليا و خارجيا بالطريقة التي تجعل كل طرف يحاول إقناع الأطراف الأخرى بوجهة نظره مما يجعل مفهوم المسؤولية الاجتماعية للمؤسسات يتجسد بطريقة عملية يمكن أن تحقق نتائج أكثر ايجابية بالنظر إلى تكاليفها

Is More Information Always Better? Mandatory Disclosure Regulations In The Prescription Drug Market, Joanna Shepherd

Faculty Articles

This Article proceeds as follows. In Section I, I describe the structure of the PBM industry. I also describe the business model PBMs employ to administer prescription drug coverage and the methods they use to reduce prescription drug spending. In Section II, I discuss mandatory disclosure regulations enacted in several states and at the federal level under the Affordable Care Act. In Section III, I explain why mandatory disclosure regulations are not needed to ensure that health plan sponsors pay a competitive price for PBM services. In Section IV, I discuss the various costs that mandatory disclosure regulations will impose …

Courts Should Apply A Relatively More Stringent Pleading Threshold To Class Actions, Matthew B. Lawrence

Faculty Articles

Policymakers from Senator Edward Kennedy to Civil Rules Advisory Committee Reporter Edward Cooper have proposed that class actions be subject to a more stringent pleading threshold than individually-filed suits, yet the question has not been fully explored in legal scholarship. This Article addresses that gap. It shows that courts following the guidance of Bell Atlantic v. Twombly should apply a relatively more stringent pleading threshold to class actions, and a relatively less stringent threshold to individually-filed suits.

This contribution is set forth in two steps. First, this Article explains that, all else being equal, the anticipated systems’ costs and benefits …

Financial Inclusion And Natural Disasters, Benjamin L. Collier

Theses and Dissertations--Agricultural Economics

This dissertation explores the implications of natural disaster risk for access to financial services, especially credit. Its results show that disasters can dramatically undermine the ability of financial intermediaries (FIs) to lend after an event, increasing the cost of the disaster and delaying recovery. Moreover, the risk of natural disasters discourages investment in vulnerable regions and economic sectors and so slows economic development. Financial risk transfer mechanisms such as insurance can help maintain lending following an event. While many international development projects have targeted disaster insurance markets to households, managing disaster-related credit risk may be done more effectively through insurance …

Argentina Talk, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2013). Argentina talk CB: Session I (with Jaime Galbraith) (Unpublished manuscript) (22-20_Arge... pp. 1-2).
• Shaikh, A. (2010). Crisis and distribution. New School Economic Review, 4(1), 72–76. New School for Social Research (22-20_Arge... p. 3).
• Shaikh, A. (2010). Revised figures (Unpublished dataset) (22-20_Arge... p. 8).
• Shaikh, A. (2012). Notes on conference presentations by John Weeks, Javier Iguíñiz, and Bill Lazonick (Unpublished manuscript) (22-20_Arge... p. 13).
• Shaikh, A. (2012). Notes on conference presentations by James K. Galbraith, Stuart Holland, and Romain Rancière (Unpublished manuscript) (22-20_Arge... p. 15).

Sharing What Works Through South-South Cooperation: The Case Of The Risk Reduction Management Centre Replication Project, Rachel M. Cohn

Capstone Collection

The Risk Reduction Management Centre (RRMC) Replication Project, an initiative of the United Nations Development Program (UNDP), aims to take a Cuban best practice in disaster risk reduction and adapt it to the local context of five other Caribbean countries. This project differs from most development projects in that the individuals and institutions providing the assistance (in this case technical training and know-how) are themselves from a developing country (Cuba). This model, wherein developing countries provide resources, information, and training to other developing countries, is known as South-South Cooperation (SSC).

This capstone uses the case of the RRMC Replication Project …

Economics As Applied Ethics: Value Judgements In Welfare Economics By Wilfred Beckerman (Book Review), Jonathan B. Wight

Economics Faculty Publications

This is a well-written textbook geared to advanced undergraduate or graduate students of economics, many of whom are largely and regrettably innocent of the ethical problems inherent in conventional economic analysis. It compares with Daniel M. Hausman and Michael S. McPherson’s Economic analysis, moral philosophy, and public policy (2006) and Johan J. Graafland’s Economics, ethics, and the market: introduction and applications (2007). The book presupposes a fair amount of knowledge in both economics and ethics (it does not intend to be a primer in either). The author is professor emeritus at Balliol College, Oxford and honorary visiting professor of economics …

The Response Of The Self-Employed To The Tax Reform Act Of 1986, Samuel Bookhardt Iv

HIM 1990-2015

The decisions of the self-employed are of empirical interest because these individuals report their income under the personal income tax system. The U.S. Bureau of Economic Analysis estimates that the personal income tax system is the biggest source of revenue for the government. In this paper I use data from the Panel Study of Income Dynamics (PSID) to analyze the effect that The Tax Reform Act of 1986 had on the decision to become or remain self-employed. To accomplish this I will use a simple difference method that compares the movement between employment groups in the aftermath of The Tax …

The Minimum Wage, Decent Wages, And Time Sovereignty In The European Union, Kathleen A. Ragon

Student Publications

The minimum wage is a legally mandated relationship between money and time. Traditionally, studies of the minimum wage have focused on the money side of this relationship (e.g. how much do minimum wage workers earn) while ignoring its temporal aspects (e.g. how long someone has to work to receive a particular income). This is a significant oversight because it overlooks the temporal investments that minimum wage workers must make in order to achieve a specific sum of money (e.g. there is a significant temporal difference if a minimum wage worker can achieve an income above a poverty threshold by working …

Ties That Bind: A Network Perspective On University Spinouts, Patrick Mchugh

2013

Research universities execute technology transfer initiatives to transition university inventions to marketplace innovations. This process requires ties to bridge the gap between two disparate networks: a university's research community and a licensing corporate entity. One type of licensing corporate entity, and the focus of this research, is a newly formed university spinout. Utilizing a network lens, this study focuses on the ties between university inventors and spinout licensees and on the impact of various inter-organizational relationships on a spinout's success. This thesis investigates the following research questions: 1. How, if at all, does variation in the nature of the tie …

Essays On Rethinking African Development: Contextual And Methodological Advances, Olumayokun Soremekun

2013

This research study sets out to provide analytical answers to the questions of African development and inequality. We examine various aspects of development from the issue of inequality among African countries to unravelling the synergies among the MDG goals and finally to investigating the progress if any that African countries have made towards attaining the MDG goals.

This research is broken down into three main studies: measuring inequality of opportunity, examining the synergies between the Millennium development goals at a particular point in time and lastly assessing the progress that has been made towards attaining the MDG goals in Africa. …

An Experimental Investigation Of Colonel Blotto Games, Subhasish M. Chowdhury, Dan Kovenock, Roman M. Sheremeta

Economics Faculty Articles and Research

This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support the main qualitative predictions of the theory. In the auction treatment, where winning a battlefield is deterministic, disadvantaged players use a 'guerilla warfare' strategy that stochastically allocates zero resources to a subset of battlefields. Advantaged players employ a 'stochastic complete coverage' strategy, allocating random, but positive, resource levels across the battlefields. In the lottery treatment, where winning a battlefield is probabilistic, both players divide their resources equally across all battlefields. However, we …

Commercial Relations: From Adam Smith To Field Experiments, Maria Pia Paganelli

Economics Faculty Research

Adam Smith is often referred to as the father of economics and as a promoter of free markets. In what follows, I let the first claim stand and concentrate on the second: that Adam Smith is a promoter of free markets. In particular, I take for granted, with all the necessary caveats, that Smith is a promoter of free markets (but cf. e.g. Fleischacker 2004 ; McLean 2006 ) and concentrate on how Smith promotes free markets. Smith promotes free markets for at least two reasons: efficiency and morality. There is already a vast and detailed literature on the economic …

Security, Development, And (Im)Mobility: The Uneven Geography Of Migration And Border Management In Ukraine, Jonathan Austin Crane

Theses and Dissertations--Geography

As a country of origin, transit, and destination for migrants that now borders four European Union (EU) member countries, Ukraine has seen future integration possibilities with the EU become, in part, conditional upon its willingness to cooperate in controlling cross-border migration. The EU is now “externalizing” aspects of migration and border control to Ukraine through making investments in Ukraine’s capacity to selectively “manage” cross-border flows in line with EU security and economy priorities. In the context of this emerging spatial arrangement of EU externalization, this thesis analyzes how, by whom, and to what effect migration is being managed in and …

Two Essays On Housing: Using Hedonic And Quasi-Experimental Methods In (Dis)Amenity Valuation With Housing Data: The Case Of Communication Antennas, And The Value Of Brand Name Franchises Compared To Local Real Estate Brokerage Firms, Stephen L. Locke

Theses and Dissertations--Economics

This dissertation consists of two essays on housing, the first on estimation strategies for the valuation of a local disamenity and the second on the structure of the market for the services of real estate brokers.

The purpose of the first essay is to apply hedonic and quasi-experimental methods to measure the value of any disamenity caused by communication antennas. Crucial to unbiased estimates is accounting for both endogenous antenna location and changes in unobservable housing and neighborhood characteristics. Spatial fixed effects are used to control for unobservable characteristics that can influence the location decisions of residents and the location …

Strategic Responses To Tax And Transfer Policy: Welfare Competition, Tax Competition And The Elasticity Of Taxable Income, Sarah K. Burns

Theses and Dissertations--Economics

My dissertation consists of three essays focused on identifying the strategic responses of governments and individuals following changes in the tax and transfer system. Two essays contribute to the literature on fiscal competition, focusing on state level polices aimed at redistributing income. A third essay contributes to the literature estimating the responsiveness of individual’s incomes to changing marginal tax rates. A better understanding of these responses contributes to our ability to design an optimal tax and transfer system in a federalist nation.

In essay 1 I employ a spatial dynamic approach to investigate interstate welfare competition across multiple policy instruments …

Essays On Capital Controls And Exchange Rate Regimes, Yu You

Theses and Dissertations--Economics

This dissertation consists of three essays on capital controls and exchange rate regimes. The first essay, under the background of international monetary policy trilemma, empirically investigates the validity of the proposition that holding the degree of exchange rate stability constant, a decrease in capital mobility through imposition of capital controls will enhance monetary independence. Using a panel dataset covering 88 countries for the 1995-2010 period and system GMM estimation, this paper finds that 1) capital controls help improve a country’s monetary independence; 2) the effectiveness of capital controls depends on the types of assets and the direction of flows they …