Economics Commons^™

Climate Change, Water Supply, And Agriculture In The Arid Western United States: Eighty Years Of Agricultural Census Observations From Idaho, Zeynep K. Hansen, Scott Lowe, Wenchao Xu

Economics Faculty Publications and Presentations

As the population and agricultural development in the U.S. expanded west throughout the 20^th century, major water infrastructure projects were initiated in order to meet irrigation demand and to reduce the risk and uncertainty associated with highly variable water supplies.² Agriculture in the arid and semi-arid western U.S. is particularly vulnerable to variability in water supply, and has evolved to rely heavily on major water infrastructure projects.³ In 2007, of the 57 million acres of irrigated cropland and pastureland in the U.S., nearly three-quarters was in the 17 western-most contiguous states; in 2008, irrigated agriculture applied 91.2 …

Inference On Causal Effects In A Generalized Regression Kink Design, David Card, David S. Lee, Zhuan Pei, Andrea Weber

Upjohn Institute Working Papers

We consider nonparametric identification and estimation in a nonseparable model where a continuous regressor of interest is a known, deterministic, but kinked function of an observed assignment variable. This design arises in many institutional settings where a policy variable (such as weekly unemployment benefits) is determined by an observed but potentially endogenous assignment variable (like previous earnings). We provide new results on identification and estimation for these settings, and apply our results to obtain estimates of the elasticity of joblessness with respect to UI benefit rates. We characterize a broad class of models in which a sharp “Regression Kink Design” …

Southcentral Michigan Five-Year Comprehensive Economic Development Strategy: Final Report, George Erickcek, Don Edgerly, Brian Pittelko, Claudette Robey, Bridget Timmeney

Reports

No abstract provided.

#Freecommunitycollege: Equity And Efficiency, Michael Hemesath

Administration Publications

No abstract provided.

More Than Altruism: Cultural Norms And Remittances Among Hispanics In The U.S., Monika Lopez Anuarbe, María Amparo Cruz-Saco, Yongjin Park

Economics Faculty Publications

Cultural norms embody the communalism and familism that characterize social structures and traditions of care among certain identity groups, notably, Hispanics. In turn, they affect remitting behavior as they do family dynamics, thereby extending care transnationally. Using the 2006 Latino National Survey, the largest instrument that captures socio-economic variables and political perspectives among Hispanics residing in the U.S., we construct a Hispanic identity index that is used to capture the role of cultural norms in remittance behavior. This index is used as an explanatory variable in a logit model for the probability and frequency of remitting money. We find that …

Aerospace Renaissance – Ripe For Research To Impact The Industry, Constantine M. Koursaris, Brig. Gen. Robert E. Mansfield Jr. (Ret.)

Aviation / Aeronautics / Aerospace International Research Conference

The Center for Aviation and Aerospace Leadership (CAAL) was founded in 2008 to capture, create, and share relevant information on leadership in the aviation and aerospace industry.

The AIR is developed and published in collaboration with the Aerospace Industries Association and includes:

• Information on the status of aerospace manufacturing in the United States and state of the economy

• An in-depth review of sales across the various sectors of the industry, employment trends, key international trade statistics, financial information on the industry & major aerospace firms, trends to watch, and a forecast for the future based on a review …

Aca Implementation In The South: The Political Economy Of Full Participation In Kentucky, Glen P. Mays

Health Management and Policy Presentations

This analysis, conducted as part of the ACA Implementation Research Network, examines economic and political forces shaping Kentucky's early experience with implementation of the Patient Protection and Affordable Care Act.

Labor Market Discrimination: Vietnamese Immigrants, Linus Yamane

Journal of Southeast Asian American Education and Advancement

Vietnamese and East European immigrants face similar obstacles in the US labor market. This provides for an interesting test of racial discrimination in the labor market. Does it make any difference if an immigrant is Asian or White? When Vietnamese immigrants are compared to East European immigrants, Vietnamese men earn 7-9% less than comparable East European men, with more discrimination among the less educated, and in the larger Vietnamese population centers like California. Vietnamese women earn as much as comparable East European women. Vietnamese immigrants, male and female, are much less likely to hold managerial and supervisory positions than comparable …

Arifin Siregar [Indonesia, Minister Of Trade], Arifin Siregar

Digital Narratives of Asia

Former Indonesian Trade Minister Arifin Siregar talks to DNA about his higher education in Holland and Germany, and his services as the Governor of Central Bank in Indonesia, during which handling the Pertamina crisis led to radical economic development. He presents his take on past Presidents Soekarno, Suharto, Habibie, Gus Dur, Megawati and Susilo Bambang Yudhoyono, including how corruption had occurred.

Water Valuation Research Annotated Bibliography, Christopher Shultz, Randall Jackson

Regional Research Institute Resource Documents

No abstract provided.

A Fundamental Of Scientific Inquiry In Economics, Paul Kim

Economics Papers and Presentations

Mathematics has made significant contributions to the development of economics theories in the past. An emphasis on the use of mathematics has been extensive in economics. However, the assumption, which underlies the use of mathematics, has not been formerly scrutinized. Consequently, errors in the development of economic theories have been unnoticed and misleading theories have been established in economic science. The objective of this article is to develop a model, which can test whether or not an application of mathematics into an economic theory is valid, thus putting mathematics in a proper perspective in economic science.

The Effect Of Medicare Eligibility On Spousal Insurance Coverage, Marcus Dillender, Karen Mulligan

Upjohn Institute Working Papers

A majority of married couples in the United States take advantage of the fact that employers often provide health insurance coverage to spouses. When the older spouses become eligible for Medicare, however, many of them can no longer provide their younger spouses with coverage. In this paper, we study how spousal eligibility for Medicare affects the health insurance and health care access of the younger spouse. We find spousal eligibility for Medicare results in the younger spouse having worse insurance coverage and reduced access to health care services.

Replacement Referees And Nfl Betting Markets, Bryan C. Mccannon

Economics Faculty Working Papers Series

Are betting markets efficient? The 2012 labor dispute between the NFL and the referees is used as a quasi-experiment to assess whether the betting markets are able to achieve accurate “prices” in an uncertain environment. More points were scored and underdogs performed relatively better resulting in upsets and closer-than-expected games. Betting markets, though, were unable to anticipate or adjust to this systematic effect even though irregularities in gambling markets were reported before the beginning of the season. Not only were they inefficient, but profitable betting strategies can be identified.

Standards And Innovation: Us Public/Private Partnerships To Support Technology-Based Economic Growth, Troy J. Scott, John T. Scott

Dartmouth Scholarship

This paper examines how strategic alliances to create and use standards affect economic growth and development. The explanation of the link from standards to economic growth and development is through the effects of standards on the incentives to perform industrial research and development (R&D). We examine product standards, metrology traceable to national and international standards, and regulatory standards to address negative externalities. The paper develops a theoretical explanation for the link from standards to growth, survey/interview-guides to gather information from industrial R&D experts about the explanation, and case-study evidence about the explanation. We discuss the standard-setting process and explain it …

Kocherlakota Takes On The Hottest Controversy In Monetary Policy, Louis D. Johnston

Economics Faculty Publications

No abstract provided.

Net Impact And Benefit-Cost Estimates Of The Workforce Development System In Washington State, Kevin Hollenbeck, Wei-Jang Huang

Upjohn Institute Technical Reports

This study estimates the net impacts and private and social benefits and costs of 11 workforce development programs administered in Washington State. Six of the programs serve job-ready adults: Workforce Investment Act (WIA) Title I-B Adult programs, WIA Title I-B Dislocated Worker programs, Community and Technical College Job Preparatory Training, Community and Technical College Worker Retraining, Private Career Schools, and Apprenticeships. Three of the programs serve adults with employment barriers: Community and Technical College Adult Basic Skills Education, IBEST, and Division of Vocational Rehabilitation programs. The other two programs serve youth: WIA Title I-B Youth programs and Secondary Career and …

[Book Review] The Ex-Prisoner’S Dilemma: How Women Negotiate Competing Narratives Of Reentry And Desistance. By Andrea M. Leverentz. New Brunswick, N.J.: Rutgers University Press, 2014. Pp. Xii+231. $26.95 (Paper)., Beth Huebner

Criminology and Criminal Justice Faculty Works

No abstract provided.

Public Choice Economics And The Salem Witchcraft Hysteria, Franklin Mixon

Faculty Bibliography

No abstract provided.

Public Choice Economics And The Salem Witchcraft Hysteria, Franklin Mixon

Faculty Bibliography

No abstract provided.

Front Matter

Gettysburg Economic Review

No abstract provided.

Economic Development And Female Labor Force Participation In The Middle East And North Africa: A Test Of The U-Shape Hypothesis, Kelsey A. Chapman

Gettysburg Economic Review

This paper investigates the relationship between economic development and female labor force participation in the Middle East and North Africa (MENA). Using a panel data set of 20 countries in the region for the period of 1990-2012, I develop an econometric model that tests the U-shape hypothesis. This study builds upon previous literature examining the U-shape hypothesis in time series studies for developing countries, and cross-country studies. The results of this paper suggest that there is a U-shaped relationship between economic growth and female labor force participation rates. The MENA region’s low female labor force participation rates can be explained …

Flooding In The Kashmir Valley: Macroeconomic Effects Of A Natural Disaster In India, Danielle Cupp

Gettysburg Economic Review

This paper presents India’s economic growth by comparing it to that of the United States. In addition, this paper analyzes current events in India under a macroeconomic lens as it provides the macroeconomic impacts of said events. More specifically, this paper focuses on the ways in which unexpected severe flooding have impacted Northern India in the short-, medium-, and long-run. Analyses conclude with policy recommendations based on the goals of India’s central bank, the Reserve Bank of India (RBI).

2014 Fed Challenge Script: Current State Of The Economy, Jieran Liu, William W. Northrop, Matthew Nadler, Owen J. Rothe, Ryan M. Williams

Gettysburg Economic Review

Good afternoon everyone and thank you for having us here today. Though the recession began in 2007 and officially ended in 2009, recovery has been painfully slow. GDP growth has been insufficient to close the output gap, there continues to be slack in the labor market and inflation has stabilized below the Federal Reserve percent target. We are not meeting our dual mandate of full employment and stable prices even 6 years after the end of the recession. Despite some signs of strengthening in the economy during the past year, we do not believe that economy is on a self-sustaining …

Tracking The Dollars: How Economic Impact Studies Can Actually Benefit Managerial Decision Making, Daniel A. Rascher, Michael M. Goldman

Sport Management

Almost every month brings another attention-grabbing headline about a city or country considering a bid for a major sporting or entertainment event. Politicians, business executives, and excited fans weigh in about the possible costs and benefits, with limited numbers provided about the possible economic impact, and even less said about how these numbers were calculated. Most recently, LeBron James’ return to Cleveland was estimated by Bloomberg to boost the city’s economy by $215 million annually, while Cuyahoga County’s projections were more than double this number. A concert of Jay-Z and Beyonce in Baltimore in 2013 was estimated by the local …

Firm Size, Foreign Exposure And Inequality In Wage: A Decomposition Analysis, Satis Devkota, Kul Kapri, Mukti Upadhyay

Economics & Management Publications

This study uses pooled cross-section data from two large surveys of firms in Nepal to determine wage inequality. Applying an inequality decomposition procedure, the estimated wage inequality is then attributed to various factors that affect the labor demand function in the country. We find that firm size and exposure of firms to international trade are among the factors showing statistical significance in affecting wage disparity in Nepal. To the extent wage inequality can be attributed to the factors considered in this study, firm size alone accounts for 55 to 84 percent of the inequality depending on the size indicators such …

Are Industry Clusters And Diversity Strange Bedfellows?, Randall Jackson

Faculty & Staff Scholarship

In this address, I review industry clustering and diversification strategies to compare and contrast their underlying foundations. The lack of a consensus choice of one or the other for regional economic development strategies along with the recognition that in the dynamic process of development these two processes are related leads me to conclude that clusters and diversity need not be such strange bedfellows after all, and that a rational approach to economic development can leverage the strengths of each and offset weaknesses. I follow this discussion by introducing a cluster assessment diversification strategy (CADS) apparatus that can be used to …

Long Term Adr Performance: How Do Regional Issues Listed On The Nyse Compare To Us And Regional Index Returns?, Mark Schaub, Todd A. Brown

Faculty Publications

This study examines the long-term performance of Asia Pacific, European, and Latin American ADRs versus the S&P500 and their respective regional indexes from 1990-2010. The sample was dividend by stable markets (1990s) and volatile markets (2000s). We find that, when analyzed in total, regional indexes perform similarly to the S&P500. However, the Asia Pacific and Latin America regions do offer diversification benefits individually. Furthermore, the ADRs from each region underperform in stable markets (1990s) and outperform in volatile markets (2000s) leading to great diversification benefits.

Financial Anxiety, Physiological Arousal, And Planning Intention, John Grable, Wookjae Heo, Abed Rabbani

Consumer Sciences Faculty Publications

Results from this exploratory clinical study indicate that financial anxiety—holding an unhealthy attitude about one’s financial situation—and physiological arousal—the physical precursor to behavior—play important roles in shaping consumer intention to engage in future financial planning activity. Findings suggest that those who are most likely to engage the services of a financial adviser exhibit low levels of financial anxiety and moderate to high levels of physiological arousal. The least likely to seek the help of a financial adviser are those who exhibit high financial anxiety and low physiological arousal. Results support findings documented in the literature that high anxiety levels often …

Hdi In Transition Countries: A Panel Data Analysis, Narine Hagopian

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the factors that have the ability to affect development in transition countries. The study incorporates the human development index to examine the influence of outside variables to human development within transition countries. The study looks at a variety of contributing factors such as the Gini coefficient, federal direct investment levels, world governance contributors, health expenditure per capita, personal remittance levels among a few other contributors. Focusing on transition countries, which evolved after the breakup of the Soviet Union, this study aims to understand human development in twelve of the fourteen former Soviet Republics. Using data from the …

Evaluation Of Company Performance Post Acquisition Or Merger In The United States, Harry Waterton

Empirical Economic Bulletin, An Undergraduate Journal

This paper answers the question surrounding whether or not company performance for the acquiring company improves or worsens post-merger or acquisition. This will be calculated using two separate but related financial performance tools, return on equity and return on assets. The investigation will span over a 5 year period starting the year of 2010 and end at the closing of the fourth quarter of 2014, and will contain all mergers and acquisitions between $300 million and $2 billion that took place across all sectors in America. The results conclude that acquisitions do not financially benefit the acquirer in the short …