Economics Commons^™

Policy Options For Recruiting And Retaining Rural Primary Care Physicians In Maine, Casey Lancaster

Muskie School Capstones and Dissertations

Maine faces a challenge providing primary care services to over half of its residents, as they live in rural areas – even though Maine has enough primary care physicians practicing in the state to service the needs of the population. Maine has a primary care physician distribution problem. Androscoggin, Oxford, Sagadahoc, Somerset, Waldo, Washington, and York Counties, all fall well below the national average of primary care physicians per 100,000 residents. Maine has no true financial incentive program to help rural area’s recruit and retain primary care physicians, though Maine does have two programs that attempt to get primary care …

Catching Up On California, John Yinger

Center for Policy Research

It’s Elementary is a series of essays on topics in education and education policy. The main focus is on education finance in New York State, but general research findings in education and education policy issues in several other states are also discussed. John Yinger, Professor of Economics and Public Administration at the Maxwell School, Syracuse University is the author of most of these essays, although a few are written by or co-authored with other scholars.

Wrong Skewness And Finite Sample Correction, Qu Feng, William C. Horrace, Guiying Laura Wu

Center for Policy Research

In parametric stochastic frontier models, the composed error is specified as the sum of a two-sided noise component and a one-sided inefficiency component, which is usually assumed to be half-normal, implying that the error distribution is skewed in one direction. In practice, however, estimation residuals may display skewness in the wrong direction. Model re-specification or pulling a new sample is often prescribed. Since wrong skewness is considered a finite sample problem, this paper proposes a finite sample adjustment to existing estimators to obtain the desired direction of residual skewness. This provides another empirical approach to dealing with the so-called wrong …

2015 Conference Program, University Of Dayton Human Rights Center

Human Rights Program Documents

In late September 2015, the United Nations adopted the 2030 Agenda for Sustainable Development which sets out a vision for transforming our world. Pope Francis, in addresses before Congress and the United Nations, reiterated the appeals in his apostolic letters The Joy of the Gospel and On Care for Our Common Home for the global community to think of one world with a common plan. This is our agenda for SPHR-’15.

SPHR reflects the University of Dayton Human Rights Center’s mission to advance the theory and practice of human rights advocacy, promote dialogue, forge collaborative partnerships, and focus on the …

Research Highlights From The 2015 Inner City Economic Summit, Kim Zeuli, Haifeng Qian

Employment Research Newsletter

No abstract provided.

The State Of The Region: Hampton Roads 2015, James V. Koch, Vinod Agarwal, Barbara Blake-Gonzalez, Christopher B. Colburn, Vicky Curtis, Steve Daniel, Larry "Chip" Filer, Tim Komarek, Feng Lian, Sharon Lomax, Cheng Luo, Wolfgang Mairinger, Alice Mcadory, Katrina Miller-Stevens, Janet Molinaro, Gary Wagner, Douglas M. Walker, Luke Watson, Shara Weber

Economics Faculty Books

This is Old Dominion University's 16th annual State of the Region report. While it represents the work of many people connected in various ways to the university, the report does not constitute an official viewpoint of Old Dominion or it's president, John R. Broderick. The report maintains the goal of stimulating thought and discussion that ultimately will make Hampton Roads an even better place to live. We are proud of our region's many successes, but realize that it is possible to improve our performance. In order to do so, we must have accurate information about "where we are" and a …

Employee Opportunism In Two Early Modern British Trading Companies, Robert Franklin Unger

History Theses & Dissertations

The English East India Company and the Hudson’s Bay Company were the most prominent of a score or more of seventeenth and eighteenth century joint stock European trading companies whose merchants conducted their trading activities around the globe. The extraordinary distances and length of time that separated the London directorate committees of both companies from their distant employees was perhaps their greatest managerial challenge. Neither company could directly supervise their employees at their remote trading concessions, whether it was India and the East Indies for the East India Company or sub-arctic North America for the Hudson’s Bay Company.

Because of …

Dwelling In Time, Dwelling In Structures: Disintegration In World Politics, Jan Adam Nalaskowski

Graduate Program in International Studies Theses & Dissertations

This dissertation aims to propose a general theory of disintegration. This subject is not treated directly by some theoretical accounts and mistreated by others. European integration theories are fashioned to explain the greater integration process while game-theoretic approaches to withdrawals and secessions, even if treating disintegration directly, fail to include critically responsible factors. This dissertation offers a constructive criticism of both accounts. Since neither turning integration theories symmetrically around nor direct, game-theoretic assessment of disintegration help to provide sufficient explanation, it is suggested that the problem of symmetrical reversal and rational conduct must be revised.

Disintegration fails to follow the …

Clamoring For Greenbacks: Explaining The Resurgence Of The U.S. Dollar In International Debt, Hiro Ito, Cesar M. Rodriguez

Economics Faculty Publications and Presentations

This paper investigates the determinants of currency denomination in international debt. Using data on currency shares for international debt securities for 82 countries from 1995 through 2013, we find that while the extent of foreign currency issuance has not changed much since the 1990s, especially for developing countries, the currency composition has shifted, especially between the U.S. dollar and the euro. Before the Global Financial Crisis (GFC) of 2008, the share of the U.S. dollar has been on a downward trend while that of the euro had been on a steady rising trend, but since the crisis, the U.S. dollar …

Border Battles: The Influence Of Occupational Licensing On Interstate Migration, Morris M. Kleiner

Employment Research Newsletter

No abstract provided.

Premuneration Values And Investments In Matching Markets, George J. Mailath, Andrew Postlewaite, Larry Samuelson

Cowles Foundation Discussion Papers

We analyze a model in which agents make investments and then match into pairs to create a surplus. The agents can make transfers to reallocate their pretransfer ownership claims on the surplus. Mailath, Postlewaite and Samuelson (2013) showed that when investments are unobservable, equilibrium investments are generally inefficient. In this paper we work with a more structured model that is sufficiently tractable to analyze the nature of the investment inefficiencies. We provide conditions under which investment is inefficiently high or low and conditions under which changes in the pretransfer ownership claims on the surplus will be Pareto improving, as well …

Mexico Consensus Economic Forecast, Volume 18, Number 4, Thomas M. Fullerton Jr., Adam G. Walke

Border Region Modeling Project

No abstract provided.

Cointegration Of Matched Home Purchases And Rental Price Indexes –Evidence From Singapore, Badi Baltagi, Jing Li

Center for Policy Research

This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present value relationship in the housing market. Three key findings are obtained. First, we fail to establish a cointegrating relationship between the home purchase price and rental price based on nationally estimated indexes. Second, area-specific indexes demonstrate strong cross-correlations, invalidating the use of first generation panel unit root tests that ignore these cross-correlations. Third, Pesaran’s CIPS test indicates …

Estimating The Effects Of The Minimum Wage In A Developing Country: A Density Discontinuity Design Approach, Hugo Jales

Center for Policy Research

This paper proposes a new framework to identify the effects of the minimum wage on the joint distribution of sector and wages in a developing country. I show that under reasonable assumptions, cross-sectional data on the worker's wage and sector can identify the joint distribution of the latent counterparts of these variables; that is, the sector status and wage that would prevail in the absence of the minimum wage. I apply the method in the “PNAD”, a nationwide representative Brazilian cross-sectional dataset for the years 2001 to 2009. The results indicate that the size of the informal sector is increased …

The Impacts Of Elicitation Mechanism And Reward Size On Estimated Rates Of Time Preference, Andrew G. Meyer

Economics Faculty Research and Publications

We run experiments with real monetary rewards ranging from $10 to $500 to estimate rates of time preference and test for hyperbolic discounting. Individuals become more patient with increasing reward sizes, which is consistent with a magnitude effect. This magnitude effect is robust across specifications including a nonparametric analysis and structural maximum likelihood estimation. Subjects are divided between two different elicitation mechanisms (one a matching task and one a choice task) that should both theoretically provide an incentive for participants to reveal their true time preferences. We find some evidence of differences between the rates from the matching and choice …

Economies Of The Internet I: Intersections, Kylie Jarrett, Julia Velkova, Peter Jakobsson, Roderick Graham, David Gehring

Sociology & Criminal Justice Faculty Publications

The internet has increasingly been conceptualized as a space of economic activity. This contemporary imaginary has been particularly influenced by insights from the school of Autonomist Marxism in the foundational work of Tiziana Terranova and through the dominance of Christian Fuchs’ application of Marxist economic concepts. While this has generated great insight into the political economy of the internet, and in particular allowed for the conceptualization of user activity as labor, this approach is only one paradigm for considering the economic activities and implications of the internet. For internet research, there is also the need to move beyond the long …

Sense And Sensibility Of Ownership: Type Of Ownership Experience And Valuation Of Goods, Xiao-Tian Wang, Lay See Ong, Jolene Tan

Research Collection School of Social Sciences

This study examined how the type of ownership experience affects the valuation of a good. We hypothesized that the sense of ownership is a psychological derivative of resource acquisition and allocation. We predicted a valuation order of stable ownership or no-ownership

Institutions Of Higher Education And Cultural Heritage Tourism: A Case Study Of The Crooked Road, Virginia's Heritage Music Trail, Terence Michael Gilley

Educational Leadership & Workforce Development Theses & Dissertations

The southwest region of Virginia has an unstable economy, which cycles through periods of growth and decline. The strategic plans for southwest Virginia propose cultural heritage tourism as a sustainable industry for economic development of this rural region. Institutions of higher education provide education and training for a qualified workforce and community service. This qualitative, single case study on The Crooked Road, Virginia’s Heritage Music Trail examines the roles of institutions of higher education with regard to cultural heritage tourism for sustainable community and economic development in rural areas. The data sources for this study are the administrators of …

Essays On International Risk-Return Trade-Off Relations, Liang Meng

Finance Theses & Dissertations

This dissertation consists of two essays on the international risk-return trade-off relations. The first essay is titled “The Role of the US Market on International Risk-Return Trade-Off Relations” and the second essay is titled “The Role of Investor Sentiment on International Risk-Return Trade-Off Relations”.

In our first essay, we study the intertemporal risk-return trade-off relations based on returns from 18 international markets. Our main contribution is that we find the US market plays an important role affecting the international risk-return trade-off. We present striking new empirical evidence that the inclusion of US market variables significantly changes the estimated risk-return trade-off …

Economic Freedom, Race, And Health Disparities: Evidence From Us States, Joshua C. Hall, Brad R. Humphreys, Jane E. Ruseski

Economics Faculty Working Papers Series

The social determinants of health include the communities in which people reside. As- sociated with geographic areas are public policies that influence a variety of economic and social outcomes. The group of public policies associated with economic freedom have been found to be positively related to a number of economic and social outcomes. In this paper, we investigate the impact of economic freedom on self-reported health and racial health disparities. We use propensity score matching to construct a control group of whites who can be compared to blacks in the 2011 BRFSS. After accounting for confounding variables and possible selection, …

Estimation Of A Partially Linear Regression In Triangular Systems, Xin Geng, Carlos Martins-Filho, Feng Yao

Economics Faculty Working Papers Series

We propose a kernel-based estimator for a partially linear regression in a triangular system where endogenous regressors appear both in the nonparametric and linear components of the regression. Compared with alternative estimators currently available in the literature (Ai and Chen 2003; Otsu 2011), our estimator has an explicit functional form, is easier to implement, and exhibits better experimental finite sample performance. The estimator is inspired by the control function approach of Newey et al. (1999) and was initially proposed by Martins-Filho and Yao (2012). It explores conditional moment restrictions that make it suitable for additive regression estimation as in Kim …

The Making And Re-Making Of Dolpo Identity: A Case Study Of Do-Tarap, Lin Zhu

Independent Study Project (ISP) Collection

The unbelievably harsh environment in Dolpo forces people to be self-sufficient based on agriculture and husbandry, two sectors that complement each other very well. The condition also requires plentiful communal works for survival. Dolpo’s geographical isolation on the one hand, limits Dolpo-pas from encountering others, and on the other hand, prevents the presence of the central government. Before the 1960’s, Dolpo still remained as a politically autonomous region under the Kingdom of Nepal. However, based on interviews conduced with both local villagers and outsiders such as governmental officials and Nepalese, the paper argues that, starting from the 1960’s, Dolpo-pas began …

An Interactive Research Study On For-Profit Microfinance And Its Continued Social Impact, Rachael Peroutky

Independent Study Project (ISP) Collection

Though the world is changing rapidly, the problem of poverty and the push for human development have been debated for as long as anyone can remember. Outdated strategies for human development are not sustainable in this new globalized world. The relatively young and growing field of microfinance is hoping to be the answer for sustainable human development and poverty elimination. This study analyzes the impact of microfinance on human development through two major questions. Firstly, to what extent and in what ways can microfinance impact the poor? This research question is multifaceted and will seek to address some of the …

Assessing The Sustainability Of Selective Logging In Ankarabolava-Agnakatrika New Protected Area, Eileen Nakahata

Independent Study Project (ISP) Collection

Over the past 50 years, more than 90% of dense low-altitude humid forest in the District of Vangaindrano has been lost to deforestation and the remaining fragments continue to be threatened by slash and burn agriculture and selective cutting by local populations. These activities are driven by widespread poverty, population growth, and lack of development, which have made subsistence increasingly difficult. This study investigates logging rates and the stock of five commercially valuable trees in the Ankarabolava-Agnakatrika New Protected Area. Fifteen 1000m² transects were established systematically within the territory of the Matanga commune. Within each transect data was collected …

Facilitators Of Empowerment Lead In Sustainable Rural Development: A Case Study Of Thanda, Emma Milford

Independent Study Project (ISP) Collection

In a world searching for more innovative models of development, it is important to highlight successful programs that offer insight into effective, impactful interventions. In this study, I investigate Thanda as a case study for rural sustainable development where investment in individual empowerment results in community empowerment. Thanda was founded in 2008 with the original intent of addressing the orphan crisis due to the HIV/AIDS epidemic in rural communities near Hibberdene, South Africa. Since then, Thanda has implemented afterschool education programs, feeding programs, agricultural development programs, early childhood development programs, and a 100% green community center. Their curriculum emphasizes critical …

Fair Trade Or Fake Trade? Specialty Coffee Certifications And Development In Uganda, Eliza Cummings

Independent Study Project (ISP) Collection

This project examined the relationship between specialty coffee certifications and development. The focus was exploring the local and national implications Fairtrade coffee certifications have in Uganda. Coffee is a critical commodity, accounting for 15 percent of Uganda’s foreign exchange and engaging over one million households in production. Currently, specialty certified coffees including Fairtrade, Rainforest Alliance, and 4C make up only four percent of total production. However, under Uganda’s 2013 National Coffee Policy, there is a target to expand specialty production to 24 percent. It is therefore imperative to understand how these specialty certifications affect primary producers participating as well as …

Free Trade Then And Now, Or Still Manchester United, Maimon Schwarzschild

Faculty Scholarship

No abstract provided.

Bias-Correction For Weibull Common Shape Estimation, Yan Shen, Zhenlin Yang

Research Collection School Of Economics

A general method for correcting the bias of the maximum likelihood estimator (MLE) of the common shape parameter of Weibull populations, allowing a general right censorship, is proposed in this paper. Extensive simulation results show that the new method is very effective in correcting the bias of the MLE, regardless of censoring mechanism, sample size, censoring proportion and number of populations involved. The method can be extended to more complicated Weibull models.

Monetizing Housing For Retirement In Singapore, Sock Yong Phang

Research Collection School Of Economics

In 2015, the value of housing assets owned by households in Singapore at the aggregate level was 55% of their net worth.1 Ninety percent of Singapore households owned their homes, meaning that almost all households had wealth saved in housing, and households’ housing wealth was 2.1 times that of the country’s gross domestic product. In addition, Singapore is facing an aging population. The resident old age support ratio, defined as the number of persons aged 20–64 per person aged 65 years and over, decreased from 9.0 in 2000 to 5.7 in 2015.2 Against this backdrop of asset-rich and aging households, …

Model Selection In The Presence Of Incidental Parameters, Yeonseok Lee, Peter C. B. Phillips

Research Collection School Of Economics

This paper considers model selection in panels where incidental parameters are present. Primary interest centers on selecting a model that best approximates the underlying structure involving parameters that are common within the panel. It is well known that conventional model selection procedures are often inconsistent in panel models and this can be so even without nuisance parameters. Modifications are then needed to achieve consistency. New model selection information criteria are developed here that use either the Kullback-Leibler information criterion based on the profile likelihood or the Bayes factor based on the integrated likelihood with a bias-reducing prior. These model selection …