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2014

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Articles 1561 - 1582 of 1582

Full-Text Articles in Economics

Coastal Empire Economic Monitor, 3rd Quarter, 2014, Armstrong State University Center For Regional Analysis Jan 2014

Coastal Empire Economic Monitor, 3rd Quarter, 2014, Armstrong 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.

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Economic Empowerment Through Income Generating Activities And Social Mobilization: The Case Of Married Amhara Women Of Wadla Woreda, North Wollo Zone, Ethiopia, Belete Deribie Woldegies Jan 2014

Economic Empowerment Through Income Generating Activities And Social Mobilization: The Case Of Married Amhara Women Of Wadla Woreda, North Wollo Zone, Ethiopia, Belete Deribie Woldegies

Antioch University Dissertations & Theses

Wadla Woreda is located in North Wollo Zone, Amhara Regional State, Ethiopia. The woreda is predominantly agrarian and the population produces mainly subsistence food crops with small amounts of cash crops. Access to basic social and economic services such as health, education, and employment for rural communities is limited due to poor development of rural infrastructure. Wadla is one of the food insecure woredas in the region. As a result some of the people are internally displaced and a portion of the population is included in safety-net programs. The Wadla Woreda is prone to famine due to severe droughts, soil …

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Specification Testing For Transformation Models, Arthur Lewbel, Xun Lu, Liangjun Su Jan 2014

Specification Testing For Transformation Models, Arthur Lewbel, Xun Lu, Liangjun Su

Research Collection School Of Economics

Consider a nonseparable model Y=R(X,U) where Y and X are observed, while U is unobserved and conditionally independent of X. This paper provides the first nonparametric test of whether R takes the form of a transformation model, meaning that Y is monotonic in the sum of a function of X plus a function of U. Transformation models of this form are commonly assumed in economics, including, e.g., standard specifications of duration models and hedonic pricing models. Our test statistic is asymptotically normal under local alternatives and consistent against nonparametric alternatives. Monte Carlo experiments show that our test performs well in …

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A New Approach To Bayesian Hypothesis Testing, Yong Li, Tao Zeng, Jun Yu Jan 2014

A New Approach To Bayesian Hypothesis Testing, Yong Li, Tao Zeng, Jun Yu

Research Collection School Of Economics

In this paper a new Bayesian approach is proposed to test a point null hypothesis based on the deviance in a decision-theoretical framework. The proposed test statistic may be regarded as the Bayesian version of the likelihood ratio test and appeals in practical applications with three desirable properties. First, it is immune to Jeffreys’ concern about the use of improper priors. Second, it avoids Jeffreys–Lindley’s paradox, Third, it is easy to compute and its threshold value is easily derived, facilitating the implementation in practice. The method is illustrated using some real examples in economics and finance. It is found that …

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Job Market Signaling With Human Capital Investment, Gea Myoung Lee, Seung Han Yoo Jan 2014

Job Market Signaling With Human Capital Investment, Gea Myoung Lee, Seung Han Yoo

Research Collection School Of Economics

In this paper, we consider the social value of signaling by recasting the Spence's (1973) signaling model in a causal relationship: human capital investment is necessary to reduce the marginal cost of signaling. Our model contains distinct features: (i) the choice of signaling a§ects the level of human capital investment and (ii) the proportion of high and low type in the entire workers is endogenously determined. From the perspective of welfare, we compare two contrasting forms of signaling, separating and pooling, and Önd that the choice of a proper form of signaling is dependent on how each signaling induces the …

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Optimal Estimation Of Cointegrated Systems With Irrelevant Instruments, Peter C. B. Phillips Jan 2014

Optimal Estimation Of Cointegrated Systems With Irrelevant Instruments, Peter C. B. Phillips

Research Collection School Of Economics

It has been known since Phillips and Hansen (1990) that cointegrated systems can be consistently estimated using stochastic trend instruments that are independent of the system variables. A similar phenomenon occurs with deterministically trending instruments. The present work shows that such "irrelevant" deterministic trend instruments may be systematically used to produce asymptotically efficient estimates of a cointegrated system. The approach is convenient in practice, involves only linear instrumental variables estimation, and is a straightforward one step procedure with no loss of degrees of freedom in estimation. Simulations reveal that the procedure works well in practice both in terms of point …

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Two Essays On Attracting Foreign Direct Investment: From Both A National And Firm Level Perspective, Ryan Lawrence Mason Jan 2014

Two Essays On Attracting Foreign Direct Investment: From Both A National And Firm Level Perspective, Ryan Lawrence Mason

Theses and Dissertations in Business Administration

Countless studies with a wide variety of financial and economic indicators have been conducted over the years within the context of international business research, all searching for hints or signals as to what makes the never ending process of globalization progress. Our research follows these efforts while focusing specifically on Foreign Direct Investment (FDI). Our first study sets out to empirically test if nations adopting the inflation targeting (IT) monetary policy are more successful in attracting inbound and outbound FDI cash flows than those nations utilizing alternative monetary policies. IT is a relatively new policy which was first put into …

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The Impacts Of In-State Procurement Preference Policies On The Economy Of South Carolina, Sawsan A. Abutabenjeh Jan 2014

The Impacts Of In-State Procurement Preference Policies On The Economy Of South Carolina, Sawsan A. Abutabenjeh

School of Public Service Theses & Dissertations

This research examined the impact of South Carolina's in-state preference policies on the economy of the state. To achieve this purpose, the research sought to answer the question: what are the impacts of implementing the in-state procurement preference policies on the economy of the state of South Carolina? The question was answered by using seven economic indicators: jobs, personal income, real disposable income, output (sales), Gross State Product (GSP), value added and state's population. The data related to the in-state preference policies were collected from the South Carolina Procurement Services Office. The data was then analyzed using the Regional Economic …

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Essays On Incentives, Economic Conditions, And Educational Choices, Gregory Brian Upton Jr. Jan 2014

Essays On Incentives, Economic Conditions, And Educational Choices, Gregory Brian Upton Jr.

LSU Doctoral Dissertations

In this dissertation, I offer two independent studies that each contribute to the literature on the college choices. The first paper examines the impact of Arizona’s merit based scholarship on college enrollment decisions. I find that both enrollment and tuition and fees increased at Arizona’s three large public institutions after the implementation of the AIMS scholarship. Enrollment effects are strongest among black and hispanic students. The second paper examines the impact of the recent 2009 housing crisis on college enrollment decisions. I find that large reductions in housing wealth lead to increases in public school enrollment and decreases in private …

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Essays On Technology And International Trade, Xianliang Tian Jan 2014

Essays On Technology And International Trade, Xianliang Tian

LSU Doctoral Dissertations

The three essays contained in this dissertation are about technology and international trade. The first essay examines optimal intellectual property rights (IPR) protection in developing countries, while the other two estimate product quality at the sectoral level for a panel of twelve manufacturing sectors in twenty OECD countries using a novel approach and relate import competition and R&D investment to the growth of sectoral product quality. Chapter 2 is motivated by the work of Acemoglu and Zilibotti (2001), who argue that the technologies developed in the North are not appropriate for the needs of the South, due to a ``technology-skill …

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Economic Inequality And Marriage Formation, Xue Li Jan 2014

Economic Inequality And Marriage Formation, Xue Li

LSU Doctoral Dissertations

My dissertation primarily investigates the causal impact of economic inequality on marriage formation. I demonstrate how economic inequality among men affects an individual woman’s propensity to get married in both the U.S. and China. Based on the framework of Loughran (2002) and Gould and Paserman (2003), I identify the causal impact of male wage inequality on the marriage propensity among women in the U.S. using the 1990 and 2000 Censuses as well as the 2007 American Community Survey. I address the endogeneity and reverse causality problems by applying skill-biased technological shock as an instrument for the wage gap between high …

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The Effectiveness Of Basel Ii, Rachel Shaw Jan 2014

The Effectiveness Of Basel Ii, Rachel Shaw

Honors Theses

The New Capital Accord, Basel II, was published in 2004. It features updated capital requirements and new ways to measure bank risk; however, the validity of these new standards was called into question during the financial crisis that began in 2008. The measures that intend to stabilize our banking system did not appear sufficient. Doubt was cast upon capital requirements, and the advantages of another system, such as contingent liability, can be seen. This thesis aims to test the effectiveness of Basel II, specifically its capital requirements, in reducing bank risk. After running a fixed effects model, one can clearly …

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Measuring Benchmark Damages In Antitrust Litigation, Justin Mccrary, Daniel L. Rubinfeld Jan 2014

Measuring Benchmark Damages In Antitrust Litigation, Justin Mccrary, Daniel L. Rubinfeld

Faculty Scholarship

We compare the two dominant approaches to estimation of benchmark damages in antitrust litigation, the forecasting approach and the dummy variable approach. We give conditions under which the two approaches are equivalent and present the results of a small simulation study.

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How To Improve The Financial Architecture And Its Resilience, Dirk Helbing, Eve Mitleton-Kelly, Jean-Philippe Bouchaud, Fabio Caccioli, J. Doyne Farmer, Steve Keen, Katharina Pistor, Dennis J. Snower, Olsen Richard, Angelo Ranaldo, Norbert Häring, Edward Fullbrook Jan 2014

How To Improve The Financial Architecture And Its Resilience, Dirk Helbing, Eve Mitleton-Kelly, Jean-Philippe Bouchaud, Fabio Caccioli, J. Doyne Farmer, Steve Keen, Katharina Pistor, Dennis J. Snower, Olsen Richard, Angelo Ranaldo, Norbert Häring, Edward Fullbrook

Faculty Scholarship

This financial resilience survey was circulated on behalf of a working group of the Complexity Council of the World Economic Forum comprised of Prof. Eve Mitleton-Kelly of London School of Economics and Prof. Dirk Helbing at ETH Zurich's Risk Center. It was sent to a few dozens of financial experts with the aim to create an inventory of ideas of how the financial system might be improved and made more resilient. Unconventional ideas were also welcome.

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Factors That Influence A Jewelry Brand's Globalization Process, Mohammed Ahmed Faitaihi Jan 2014

Factors That Influence A Jewelry Brand's Globalization Process, Mohammed Ahmed Faitaihi

Walden Dissertations and Doctoral Studies

Local retail jewelry leaders of Saudi Arabian (S.A.) small to medium enterprises (SMEs) have struggled to survive through declining profits and increasing business foreclosures, thus threatening the sustainability of the Saudi retail sector and the Saudi economy. A globalization strategy to enhance profitability for jewelry retail SMEs in S.A. is needed, given the limited options for improving profitability. Despite this acknowledged need, leaders in S.A. have refrained from such a strategy because they lack knowledge of economic attraction features to target in the globalization process. The purpose of this quantitative correlational study using discriminant analysis was to examine specific countries' …

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The Effect Of Macroeconomic Variables On Stock Market Returns In Ghana (2000-2013), Charles Barnor Jan 2014

The Effect Of Macroeconomic Variables On Stock Market Returns In Ghana (2000-2013), Charles Barnor

Walden Dissertations and Doctoral Studies

Variations in macroeconomic indicators affect the performance of the stock markets. In Ghana, although the performance of the Ghana Stock Exchange (GSE) has been affected by macroeconomic variables from January 2000 to December 2013, the mechanisms of these relationships have not been studied. The purpose of this research was to examine the relationships between selected macroeconomic variables and their effect on the stock market returns on the Ghana stock market. The research questions addressed whether macroeconomic variables had significant effect on stock market returns in Ghana within the specified period. The target sample was all 36 listed firms on the …

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The Eurozone: Effects On Spain After The Implementation Of The Euro, Caroline Mürer Rohde-Moe Jan 2014

The Eurozone: Effects On Spain After The Implementation Of The Euro, Caroline Mürer Rohde-Moe

Honors Theses

This thesis examines the current situation in the Eurozone and how the entry into the currency union has affected the member countries. I have especially focused on the consequences the implementation of the euro has had on Spain because of the deeper recession that this country has experienced compared to many of the other Eurozone countries. I wanted to figure out what has caused some nations to struggle at a different level than others. By comparing Spain to countries such as Germany, United Kingdom, and France I have tried to look into how much of the domestic problems seen in …

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Observing Academic Performance Based On Increased Educational Spending: An Assessment Of The Fedex Center At The University Of Mississippi, Matthew Williams Jan 2014

Observing Academic Performance Based On Increased Educational Spending: An Assessment Of The Fedex Center At The University Of Mississippi, Matthew Williams

Honors Theses

In 2007, the FedEx Student-Athlete Academic Support Center, a renovation from the Starnes Center, was completed at the University of Mississippi to provide student- athletes a facility to improve academic performance in the classroom. FedEx donated $2.5 million to the project, covering half of the total expenditure. This private funding presents an opportunity to study how increased spending on education affected performance amongst student athletes in the classroom. Using semester-by-semester GPA of student-athletes and graduation rates from 2003 to 2009, it is possible to identify which students were exposed to the new facilities and thus, able to assess the effect …

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Payday Lending In America: Profitability And Regulation In The Payday Lending Market, Orion Wilcox Jan 2014

Payday Lending In America: Profitability And Regulation In The Payday Lending Market, Orion Wilcox

Honors Theses

Payday lending is a highly contentious form of credit. Consumer advocates often argue for strict regulation or complete banning of the industry based on the idea that payday lending rates are usurious. Providers of payday loans argue that their product offers access to credit that would not be available otherwise. In order to reconcile this debate, I analyze financial data on the largest payday lender in the country Advance America. Furthermore, I examine the 2008 Arkansas payday lending law to analyze the impact of the ban on bounced check fees, overdraft charges, and Non-Sufficient Funds charges at state chartered Arkansas …

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The Currency Union Effect On Trade: The Role Of Financial Development, Walker Lee Messer Jan 2014

The Currency Union Effect On Trade: The Role Of Financial Development, Walker Lee Messer

Honors Theses

The effect of currency union formation on trade growth may depend on an economy's level of financial development. Economies with lower levels of financial development have less capacity to hedge exchange rate risk, are susceptible to hysteresis, and have little to overcome the large fixed costs of entering foreign markets. These barriers may be partially overcome through the use of common currencies. Economies with high levels of financial development may already be capable of overcoming these barriers to trade and will likely not gain significant trade from common currency formation. This paper tests the hypothesis that the currency union effect …

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The Dólar Blue: The Black Market Exchange Rate For Dollars In Argentina, Brad Brunson Lanier Jan 2014

The Dólar Blue: The Black Market Exchange Rate For Dollars In Argentina, Brad Brunson Lanier

Honors Theses

At the beginning of October 2011, Argentina saw the emergence of a black market exchange rate for U.S. dollars. This black market exchange rate is known locally as the Dólar Blue. The importance of the Dólar Blue has become so public that it even has its own websites and social media accounts to inform its users of its daily rates as well as how and where to locate the human intermediary aspect of the black market known as the arbolitos. As a whole, black market exchange rates better reflect people's expectations about the true purchasing power of their currency and …

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An Analysis Of New Performance Metrics In The Nba And Their Effects On Win Production And Salary, Daniel Rust Jan 2014

An Analysis Of New Performance Metrics In The Nba And Their Effects On Win Production And Salary, Daniel Rust

Honors Theses

In this study I perform statistical analysis on new metrics in the NBA designed to expose information about the inputs of basketball production. These input data were collected manually for every NBA player in the 2012-13 season, along with common advanced statistics. With these new metrics regression analysis is used to separately determine their effects on existing win production metrics and salary. In this analysis I control for team and position effects. Once these effects were determined, I was able to compare them and look for specific skills or strategies that may be undervalued or overvalued by NBA teams relative …

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