Economics Commons^™

Working Paper No. 07, Evsey Domar And The Keynesian Tradition, Cesar Maldonado

Working Papers in Economics

This inquiry seeks to establish that Evsey Domar extends Keynes’s thinking and in this manner helps to establish a post-Keynesian tradition. First, I shall consider Keynes’s ideas concerning problems facing market capitalism as appears in his book, The General Theory of Employment, Interest, and Money. Then I shall continue with this inquiry and consider Domar’s insights into expansion and employment and his concerns regarding capital accumulation, as well as his confronting a theory posited by Keynes concerning investment and employment, raising the issue of whether Keynes’s understanding is accurate. The last part of this inquiry deals with Domar’s concerns …

Using Network Analysis To Understand Public Health Delivery Systems & Community Health Initiatives, Glen P. Mays

Health Management and Policy Presentations

The increasingly connected world of health care delivery relies on an expanding frontier of multi-stakeholder structures and processes, from interdisciplinary patient-centered care teams, to virtual accountable care organizations (ACOs), to complex community-level interventions. This session highlights recent advances in applying social network analysis (SNA) methods to study the implementation and impact of these types of innovations. This methods workshop examines the benefits and limits of novel SNA applications based on the expanding availability of large, linkable electronic clinical and administrative data sources with dependent data structures. This paper profiles examples of using SNA principles and methods to study the implementation …

Learning From Network Analysis: Care Transitions, Market Competition, & Community Interventions, Glen P. Mays

Health Management and Policy Presentations

The increasingly connected world of health care delivery relies on an expanding frontier of multi-stakeholder structures and processes, from interdisciplinary patient-centered care teams, to virtual accountable care organizations (ACOs), to complex community-level interventions. This methods workshop highlights recent advances in applying social network analysis (SNA) methods to study the implementation and impact of these types of innovations. This session will examine the benefits and limits of novel SNA applications based on the expanding availability of large, linkable electronic clinical and administrative data sources with dependent data structures.

Learning From Delivery System Behavior, Dynamics & Interactions To Advance A Culture Of Health, Glen P. Mays

Health Management and Policy Presentations

A new "Systems for Action" national research program flows directly from the Robert Wood Johnson Foundation's Culture of Health action framework. This program will build evidence on how best to align the delivery and financing systems for medical care, public health, and community services & supports so as to promote wellbeing and resiliency, realize efficiencies in resource use, and reduce inequities in health.

Changes In Public Health System Capital And Long-Run Health And Economic Outcomes: 1998 To 2014, Glen P. Mays, Cezar B. Mamaril

Health Management and Policy Presentations

Research Objective: The Affordable Care Act created new resources and incentives for hospitals, insurers, public health agencies, and others to contribute to disease prevention and health promotion activities, potentially changing the structure of public health delivery systems and expanding the implementation of strategies that improve population health. This study uses data from the 1998-2014 National Longitudinal Survey of Public Health Systems to examine: (1) the extent and nature of change in inter-organizational contributions to public health activities, which we use as indicators of public health “system capital”; and (2) the effects of these changes on preventable mortality and resource use. …

Les Rues Des Tableaux. Géographie Du Marché De L'Art Parisien (1815-1955), Léa Saint-Raymond, Félicie De Maupeou, Julien Cavero

Artl@s Bulletin

Continuation of a first socioeconomic analysis of the "art dealers" in Paris between 1815 and 1955 (Artl@s Bulletin 2, no. 2), this paper presents the results of a spatial study of the Parisian art market at that time. Departing from serial geographical data given by a homogeneous source, the Bottin du commerce, we mapped a 140 years spatial evolution of the "art dealers", using a geocoding system with composite locators. The article exposes the spatial dynamics of this market and studies them in a multi-scalar way, making the connection between the global evolution of the Parisian economy and …

The Great Recession And U.S. Safety Nets: The Case Of Temporary Assistance To Needy Families (Tanf), Vicky Albert

Brookings Scholar Lecture Series

The Great Recession

• Officially lasted from December 2007 to June 2009
• Most severe recession since Great Depression
• In the first quarter of 2012 about 30% of jobless workers had been unemployed for a year or longer
• From 2007 to 2009, real personal income per capita fell by 8.3 percentage points and many individuals dropped from the labor force

The Safety Nets for Families with Children

• Unemployment Insurance
• Medicaid
• Earned Income Tax Credit
• Supplemental Security Income (SSI)
• Subsidized Housing
• Temporary Assistance for Needy Families Program (TANF)

Occupational Outlook For The Construction Industry In The Greater Grand Rapids-Holland-Muskegon Region, Brian Pittelko, George A. Erickcek

Reports

No abstract provided.

The Economics Of Counterfeiting, Elena Quercioli, Lones Smith

School of Economics and Finance Faculty Publications

We develop a strategic theory of counterfeiting as a multi-market large game. Bad guys choose whether to counterfeit, and what quality to produce. Opposing them is a continuum of good guys who select a costly verification effort. In equilibrium, counterfeiters produce better quality at higher notes, but verifiers try sufficiently harder that verification still improves. We develop a graphical framework for deducing comparative statics. Passed and counterfeiting rates vanish for low and high notes. Our predictions are consistent with time series and cross-sectional patterns in a unique data set assembled largely from the Secret Service

Examining The Impact Of Competition On Casino Revenues And Prices In The Mid-Atlantic States, Andrew J. Economopoulos, Uli Luxem

UNLV Gaming Research & Review Journal

The expansion of casinos in the Mid-Atlantic States has been motivated by the quest of states to capture the economic and tax revenue benefits of the new industry. The expansion of casinos and the increase in competition, however, has had an impact on revenue growth and prices. This study examines the impact of expansion on the casino revenues in the region from 1997-2012, and the price for gaming in Pennsylvania and New Jersey from 2006-2012. A spatial econometric model was employed to examine the net impact of casino revenues from expansion. Spatial econometrics captures the within state impact of expansion …

Art Arbitrage - Violations Of The Law Of One Price Created By Fine Art Auctions, Amy Liu

Undergraduate Economic Review

Although fine art is becoming increasingly popular as investment, its price determination is relatively opaque. This paper expands upon the work of Pesando (1993) and Pesando and Shum (2007) concerning the law of one price in the art auction industry. By examining the sale history of silkscreen prints from Andy Warhol’s 1970 series Flowers, this paper controls for the physical characteristics of particular artwork and seeks to determine the likelihood of sale and price differentials created by specific auction environments. This paper further examines the extent to which auction houses take into account these auction environments when setting presale …

Cost - Benefit Analysis Of The German High Speed Rail Network, Martin Dorciak

Undergraduate Economic Review

This study undertakes a cost-benefit analysis of the German railway market looking specifically at the effects of high-speed rail development on railway passenger subsidies. Using OLS regression analysis, I estimate a demand curve for the German railway network at the route level; this is combined with cost curve estimates to yield a required subsidy for rail development assuming a natural monopoly market structure. I find that an increase in demand as a result of the introduction of high-speed rail technology causes a 23.9% decrease in required rail subsidies.

Cost Estimation In Public Health Services & Systems Research, Glen P. Mays

Health Management and Policy Presentations

Considerable uncertainty persists about the resources required to implement public health programs and policies, and about the factors that drive variation in resource needs and utilization across community and institutional settings. This paper reviews several alternative approaches to cost estimation that we have used in the field of public health services & systems research (PHSSR). This review was prepared for an expert panel meeting convened as part of a study commissioned by the U.S. Assistant Secretary for Planning and Evaluation (ASPE) to estimate the costs associated with public health emergency preparedness capabilities.

A Royal Problem: Planning Induced Supply Constraints In London, Elizabeth P. Armstrong

Lawrence University Honors Projects

We explore the impact of regulatory supply constraints on house price levels following boom and bust periods in London. We hypothesize that when regulatory restrictiveness increases during a boom period, house prices will be higher in the following year compared to house prices in less restricted areas. We also hypothesize that when regulatory restrictiveness increases during a bust period, house prices will be lower in the following year compared to house prices in less restricted areas. We empirically test our hypothesis using a multilevel mixed-effects model with a panel data set of 32 boroughs of London, ranging from 2001 to …

Public-Private Partnerships, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

There is unanimity of view that Pakistan faces enormous deficiencies in its infrastructure, particularly the energy sector, that is slowing down the rate of growth and creating stress and disenchantment among business and society. It is also true that the federal Public Sector Development Programme does not have enough fiscal space to accommodate all priority projects. At the same time, there is a buoyant private sector that is sitting on ample cash surpluses and looking for profitable opportunities. So there is a demand for infrastructure projects and there is supply of resources available from investors willing and able to finance …

The Thailand Report: National Landscape, Current Challenges And Opportunities For Growth, Institute For Societal Leadership, John W. Ellington, Serene Chen

Institute of Societal Leadership Research Collection

Thai migrants first began trickling into the Chao Phraya river valley from Southern China in the eleventh century. Thai chieftains established petty kingdoms in modern-day Myanmar, Thailand and Laos, initially as tributaries to more established Burmese and Khmer rulers. However, both the diminishing influence of the Khmer Empire and the Mongols’ sacking of the Burmese capital Bagan in 1287 left a political vacuum in mainland Southeast Asia, which was soon filled by Thai kingdoms such as Sukhothai (1238–1463), Chiang Mai (1296–1775), Ayutthaya (1351–1767) and eventually Bangkok (f. 1 782). In the process, the up-and-coming Thai polities supplanted the Khmer Empire …

Rhode Island Current Conditions Index -- June 2015, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Who Takes Advanced Placement?, Benjamin Scafidi, Chris Clark, John Swinton

Faculty Articles

In recent years there has been a renewed interest in the sources of achievement gaps between groups of students. One potential source is differential access to high quality educational opportunities. This paper provides an analysis of who takes Advanced Placement (AP) Economics. Using two years of administrative data on all high school students who take a course to satisfy Georgia’s graduation requirement in economics, we find large differences in enrollment in AP Economics across groups. Specifically, African-American and Hispanic students and students from low-income backgrounds are about half as likely to be enrolled in AP Economics as other students. However, …

What’S The Value Of Teaching The Liberal Arts? Ask Adam Smith, Louis D. Johnston

Economics Faculty Publications

No abstract provided.

The 24th Annual Research Conference Abstract Booklet, University Of Gondar, Ethiopia

University of Gondar Research Conferences

The 25th Annual Staff-Student Research Conference of the University of Gondar will be held on June 19 and 20, 2015 at the Science Amba Auditorium. This year's conference is special in that the year marks the Silver Jubilee of the Annual Staff and Student Research Conference. Drawing on the experiences we have accumulated for the past 25 years, we vow to strive to realize the development and transformation of the country through research and community services.

Staff, postgraduate and senior undergraduate students of the University, invited guests, and speakers will participate in the conference. The annual conference of the University …

أستخدام التحليل المالي في تحليل الائتمان دراسة حالة في شركة وطن الخير للمقاولات العامة المحدودة للمدة 2010-2012المالية, عماد غفوري عبد النجار

Muthanna Journal of Administrative and Economics Sciences

ملخص الدراسة يؤدي الائتمان المصرفي دوراً مهماً في دعم عملية التنمية الاقتصادية وان النشاط الائتماني ذات أهمية كبيرة ومتميزة في نجاح المصارف التجارية لذلك توجه معظم إمكانياتها نحو أدارة الائتمان بشكل ناجح كون الائتمان المصرفي يمثل أهم مصادر الإيرادات التي تحصل عليها المصارف وتزيد من ربحيتها، وحتى يتخذ قرار الائتمان بشكل أكثر رشداً وأمانا من قبل المصرف لابد من الاعتماد بدرجة كبيرة على المعلومات والبيانات المالية وتحليلها لغرض دراسة المؤشرات المالية التي تقيس المركز المالي للزبون ، ويهدف الباحث من هذه الدراسة إلى أبراز أهمية عملية تحليل البيانات المالية لطالب الائتمان للكشف والتحقق من سلامة المركز المالي وقدرته على سداد …

White Paper On Research Opportunities And Cuny Library Faculty: The Need For Annual Leave Parity, Psc Cuny Library Faculty Committee (2014-­2015), Jay H. Bernstein, Jill Cirasella, John A. Drobnicki, Francine Egger-Sider, Lisa Ellis, Robert Farrell, William Gargan, Bonnie Nelson, Mariana Regalado, Sharon Swacker, Tess Tobin

Publications and Research

This White Paper provides an exposition and analysis of how annual leave disparity has arisen for Library Faculty at the City University of New York (CUNY) as compared to other CUNY faculty, its effects on librarians, and what a positive solution to the problem would look like.

Gdp Per Capita In Africa Before The Global Financial Crisis: Persistence, Mean Reversion And Long Memory Features, Luis A. Gil-Alana, Olaoluwa S. Yaya, Olanrewaju I. Shittu

CBN Journal of Applied Statistics (JAS)

This paper examined the long memory features of GDP per capita data before the global financial crisis, using a sample of 26 African countries. The study employed fractional integration and tested the stability of the differencing parameter across the sample period for each country. The results indicated that most of the countries’ GDP series were I(1) or higher. Evidence of mean reversion was observed in 10 countries where the disturbances were autocorrelated. There was strong evidence against mean reversion in the remaining 16 countries. The results also indicated that the fractional differencing parameter was stable in 17 countries, while the …

دور القابليات الديناميكية في تعزيز الميزة التنافسية دراسة تحليلية في مصرف إيلاف الإسلامي, صالح عبد الرضا رشيد, علي عبد الرزاق لفته العبودي

Muthanna Journal of Administrative and Economics Sciences

ملخص الدراسةحاولته هتلد الدراستة استلدتاا التدور التلي ياد ته القاكليتا الد اميليتة تي يع ت ال يت ةالت ا سية لل ظ ا ، إذ حاولته يقتد إ إرتار يظتري لتبع م تا يتإ ررحته متت قبت اللتتاوالباحثيت حول متغيري الدراسة ، كالإضا ة إلى إرار ع لي يحليلتي ررا 40 ( تردا متتالقيتتتادا ال صتتتر ية تتتي مصتتترا إ تتت ا الإستتت مي ا الإدارة العامتتتة و 6( متتتت روعتتتهال تدتترة تتي م اقتتة الفتترا ا وستت . وقتتد يتتإ التعبيتتر عتتت القاكليتتا الد اميليتتة كوصتتف امتغيرا مستق مت خ ل ث ثتة بكعتاد هتي قاكليتة الاستدتعار ، وقاكليتة …

Marketing Deception And Its Impact On The Customer’S Decision In The Stages Of Purchase “An Analytical Study On A Sample Of Private Hospitals”, Dhahir Raddad Al-Qurashi, Muhammad Kamel Al-Sleihat

Muthanna Journal of Administrative and Economics Sciences

المستخلصهدفت هذه الدراسة إلى بيان أثر الخداع التسويقي على القرار الشرائي لزبائن المستشفيات الخاصة في مدينة عمان، ولتحقيق ذلك فقد قاما الباحثان بتصميم استبانة من أجل جمع البيانات الخاصة بالدراسة حيث قاما بتوزيعها على عينة الدراسة ومقدارها (500) مبحوثٍ جميعهم من زبائن المستشفيات الخاصة في مدينة عمان وقد شملت العينة جنسيات مختلفة من الزبائن ولم تقتصر على جنسية دون الأخرى. أظهرت: إن الخداع التسويقي في جميع المجالات يؤثر بشكل كبير على القرار الشرائي بجميع مراحله (ما قبل الشراء، الشراء، ما بعد الشراء) بنسبة بلغت (71.62%). كما تبين من التحليل أنه لا توجد فروق ذات دلالة إحصائية عند مستوى الدلالة (0.05=α) …

بعض ملامح القطاع المصرفي العراقي ومتطلبات إصلاحه للمدة (2003-2013)., كاظم خماط سلمان, علي كاظم هلال هلال

Muthanna Journal of Administrative and Economics Sciences

ملخص الدراسة يواجه الجهاز المصرفي في العراق صعوبات وتحديات المرحلتين الراهنة والمقبلة، كون الصناعة المصرفية والمالية تتسم بالتطور المستمر على صعيد الإطار المؤسسي لجهة خلق مؤسسات مالية جديدة، أو الخدمات المالية التي تتجه نحو الشمولية، أو الاندماج لخلق وحدات مصرفية ضخمة، أو بلورة معايير مصرفية جديدة للعمل المصرفي بشكل مستمر، وكل ذلك في مناخ عالمي تتسارع وتتشابك فيه التطورات والتحولات الاقتصادية والمالية والمصرفية.وعليه فالجهاز المصرفي العراقي يجب أن يكون على إستعداد من أجل استيعاب التحديات الجديدة: (التطور والتقدم التكنولوجي المتسارع ، والثورة المصرفية والمالية المتجددة، وتغيير المعايير العلمية بشأن الرقابة والملاءمة المالية). ففي ظل التغيرات السياسية والاقتصادية التي شهدها العراق …

Effect Of Weather Delays On Shareholder Value: Evidence From The Airline Industry, Jayendra Gokhale, Sunder Raghavan

Publications

Airlines measure service quality based on different factors such as on-time performance, delays and cancellations, mishandled baggage and denied boardings. Among the above factors, recent studies show that long delays and cancellations have a major impact on airlines bottom line not only in terms of current costs but also in terms of loss of future revenue. Finance literature tells us that stock prices reflect the present value of future cash flows. In this paper we use event study methodology to examine how weather delay and cancellations affect current stock market returns for our sample airlines. We find some evidence that …

An Assessment Of Microlending Programs In The Alabama Black Belt Region, Md Z. Mutaleb, Ntam R. Baharanyi, Nii O. Tackie, Robert Zabawa

Professional Agricultural Workers Journal

Abstract

The objective of this study was to assess the impact of selected socioeconomic factors on microlending in the Alabama Black Belt. It used logistic regression to identify the link between borrower socioeconomic characteristics and loan repayment rate from existing and previous microloan programs. It was hypothesized that borrower gender, age, level of education, household income, and credit score has a major impact on loan repayment. The results of study indicated that only credit score had a statistically significant effect on loan repayment. This finding underscores the importance of credit score and credit repair management in existing microloan programs, given …

Investment Horizons And Price Indeterminacy In Financial Markets, Shinichi Hirota, Juergen Huber, Thomas Stöckl, Shyam Sunder

Cowles Foundation Discussion Papers

We examine how different investment horizons, and consequently the number of hands through which a security passes during its life, affect prices in a laboratory market populated by overlapping generations of investors. We find that (i) price deviations are larger in markets populated only by short-horizon investors compared to markets with long-horizon investors; (ii) for a given maturity of security, price deviations increase as investment horizons shrink (and frequency of transfers increases); and (iii) short investment horizons create upward pressure on prices when liquidity is high and downward pressure when liquidity is low.

Edmond Malinvaud: A Tribute To His Contributions In Econometrics, Peter C.B. Phillips

Cowles Foundation Discussion Papers

This paper provides a tribute to Edmond Malinvaud’s contributions to econometrics. We overview the primary original contributions in Edmond Malinvaud’s masterful work The Statistical Methods of Econometrics . This advanced text developed a complete treatment of linear estimation theory using geometric methods and, for the first time, provided rigorous nonlinear regression asymptotics, using this theory as the basis of a rigorous development of the limit theory for simultaneous equations theory. Malinvaud’s treatise remained the most complete textbook study of econometric methods for several decades.