Economics Commons^™

Essays On Technology Adoption, Demographics, And Development, Ting-Wei Lai

Arts & Sciences Graduate Student Theses and Dissertations

This dissertation is to connect empirical findings with grounded theoretical analysis on two economic issues. One of the studies investigates industrial productivity by fitting in a theoretical model with quantitative methods. In addition, I explore how a demographic policy in China brings forth a profound impact in all aspects of the fast-growing economy.The first chapter, ``Casual Labor, Uncertainty, and Technology Adoption in Agriculture," examines why both the technology adoption rate and labor productivity in agriculture are low in the context of developing countries. A two-stage model is built to explain how the availability of casual (non-permanent) labor ex-post, in the …

Essays On The Size Distribution Of Cities, Hiroki Watanabe

Arts & Sciences Graduate Student Theses and Dissertations

The dissertation is comprised of three essays that analyze the spatial distribution of people and economic activities from three distinct perspectives.Chapter 1: Explaining the Size Distribution of Cities: X-treme Economies. The empirical regularity known as Zipf's law or the rank-size rule has motivated development of a theoretical literature to explain it. We examine the assumptions on consumer behavior, particularly about their inability to insure against the city-level productivity shocks, implicitly used in this literature. With either self insurance or insurance markets, and either an arbitrarily small cost of moving or the assumption that consumers do not perfectly observe the shocks …

Economic Voting: Election Outcomes At The Toss Of A Coin?, Damaris Bangean

Student Scholar Symposium Abstracts and Posters

Given the severe shock of the 2008 economic crisis, this paper examines the relationship the relationship between individual and aggregate economic evaluations and democratic accountability through data analysis of the 2012 American National Election Studies. It includes statistical analysis of presidential and congressional approval, personal restrospective and prospective economic evaluations, macroeconomic restrospective and prospective evaluations, and other relevant variables, such as income and ideological preferences to broaden the scope of analysis on political behavior. As the notion of democratic accountability is a foundational pillar of the American political system, such studies are critical to election years following economic fluctuations, where …

Support For Welfare, Matthew Reminick

Student Scholar Symposium Abstracts and Posters

Although there is much debate over the effectiveness of social programs, there has not been much research attempting to discover who exactly supports spending government resources on welfare. Previous research suggests that the American people are divided over creating a welfare state. Many economic data shows that providing assistance is beneficial short-term, but can have varying effects in the future. The research I conducted attempts to define and analyze welfare while surmising which groups of Americans are most likely to back increased federal spending towards welfare. Using the ANES 2012 data, I evaluated voter responses to election surveys, paying close …

Air Pollution Differences Between Nations With Different Economic Profiles, Alliyah Sato

Student Scholar Symposium Abstracts and Posters

The economics of a country plays an important role in determining what that country considers as its priorities. A developed country, such as the U.S., is powerful economically. As a result, it has the resources and tools to focus on other aspects of the nation. One of these features is the environment. Countries undergoing urbanization and industrial development processes, such as China, are emitting large amounts of pollutants into the atmosphere. Although it has adverse health and ecological effects, China has shown very little reduction of its emissions from 2000-2014. It relies heavily on coal burning as a source of …

The Impact Of Research And Development On Economic Growth And Productivity In The U.S. States: Online Appendix, Luisa Blanco, James Prieger, Ji Gu

School of Public Policy Working Papers

This online appendix accompanies the article forthcoming in the Southern Economic Journal. This appendix contains additional information on the data and methodology used in the article, as well as results from additional and supplementary estimations.

Health Of The Economy, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

A large number of professionals, academics and businessmen repeatedly ask a simple question: what is the real state of health of the Pakistani economy? Who is telling the truth? The finance ministry or ‘independent’ economists writing in newspapers and appearing on television? Should we believe reports from the IMF, World Bank and The Economist who give a relatively more optimistic picture of the economy? Or should we trust former governors, advisors and journalists telling us how weak and fragile the economy is? Is the government fudging data to make things look good? These are all legitimate questions as we are …

The Potential Effects Of Federal Health Insurance Reforms On Employment Arrangements And Compensation, Marcus Dillender, Carolyn J. Heinrich, Susan N. Houseman

Upjohn Institute Working Papers

The Affordable Care Act (ACA) presents an opportunity to significantly improve compensation for American workers. A potential concern, though, is that employers will circumvent the employer mandate by increasing their use of workers in staffing arrangements that are not covered by the mandate: workers averaging less than 30 hours per week, working on a temporary basis, or working in organizations with fewer than 50 full-time employees. In this paper, we shed light on the likely effects that the ACA will have on employment arrangements. We first examine how part-time employment in Massachusetts changed after its health insurance reform, which is …

Temporary Help Employment In Recession And Recovery, Susan N. Houseman, Carolyn J. Heinrich

Upjohn Institute Working Papers

The temporary help industry, although small, plays a significant role in the macro economy, reflecting employers’ growing reliance on temporary help agencies to provide flexibility in meeting staffing needs. Drawing on detailed temporary-help order data between 2007 and 2011 from a large, nationally representative staffing company, we provide insights into the characteristics of temporary help work, employers’ use of temporary agencies to screen workers for permanent positions, and the industry’s role in labor market adjustment over the business cycle. We estimate that the temporary help industry accounted for a large share of gross job losses and job gains over this …

The Determinants Of Gasoline And Diesel Fuel Excise Tax Rates, Nicholas R. Jenkins

Undergraduate Economic Review

As Goel and Nelson (1999) show, fluctuations in fuel prices prompt politicians to alter fuel taxation policies. The goal of this paper was to examine the determinants of both gasoline and diesel fuel excise taxes. The diesel model builds on the work of Decker and Wohar (2006) and is extended to construct a model for gasoline fuel excise taxes. In addition to replicating results of prior research, the results suggest that states with colder weather have higher fuel tax rates. Additionally, findings demonstrated that increased funding from the Highway Trust Fund is associated with lower fuel tax rates.

Baby Names As A Determinant Of Cultural Assimilation In The Continental And Non-Continental United States, Paige M. Harrison

Mahurin Honors College Capstone Experience/Thesis Projects

Using baby names a signal for cultural attitudes has been studied before several times. This paper looks at trends in baby names across the United States over five decades, and then uses these trends to look at the quasi-natural experiment of Alaska and Hawaii becoming states and accepting the dominant United States culture as their own. Both Alaska and Hawaii have their own indigenous cultures which could influence their cultural assimilation to the United States, this paper uses baby names to measure this assimilation. By using vector auto-regressions and the time period between 1960 and 2013 this paper determines the …

The Federal Reserve And A Cascade Of Failures: Inequality, Cognitive Narrowness And Financial Network Theory, Emma Coleman Jordan

Georgetown Law Faculty Publications and Other Works

The recent financial crisis hollowed out the core of American middle-class financial stability. In the wake of the financial crisis, household net worth in the U.S. fell by 24%, for a loss of $16 trillion. Moreover, retirement accounts, the largest class of financial assets, took a steep drop in value, as did house prices, and these two classes of assets alone represent approximately 43% of all household wealth. The losses during the principal crisis years, 2007–2009, were devastating, “erasing almost two decades of accumulated prosperity,” in the words of a 2013 report. By the Federal Reserve. Beyond these direct household …

The Effects Of Quantitative Easing In The United States: Implications For Future Central Bank Policy Makers, Matthew Q. Rubino

Senior Honors Projects, 2010-2019

The purpose of this thesis is to examine the effects of the Federal Reserve’s recent bond buying programs, specifically Quantitative Easing 1, Quantitative Easing 2, Operation Twist (or the Fed’s Maturity Extension Program), and Quantitative Easing 3. In this study, I provide a picture of the economic landscape leading up to the deployment of the programs, an overview of quantitative easing including each program’s respective objectives, and how and why the Fed decided to implement the programs. Using empirical analysis, I measure each program’s effectiveness by applying four models including a yield curve model, an inflation model, a money supply …

Critical Analysis Of The Confounding Of Clinical Trials, Eleanor L. Jordan

Senior Honors Projects, 2010-2019

To provide a comprehensive overview of issues confounding clinical trials, Chapter 2 will discuss the parties involved in the research and development of medications and detail the individual responsibilities of each. However, the ambition of these individual entities often produces a conflict of interest especially when profits are involved [9]. Organizations and individuals such as insurance corporations, pharmaceutical companies (sponsors), pharmacy benefit managers, investigators (doctors/medical professionals) and most importantly patients, are all involved in carrying out clinical research and have definitive responsibilities they are required to follow for unbiased results. However, many rules are overlooked and biases go unrecorded causing …

Evidence-Based Stakeholder Engagement: The Promise Of Randomized Control Trials For Business And Human Rights, Patrick J. Keenan

Indiana Journal of Law and Social Equality

When a large-scale development project comes to a poor country, that project typically comes with a stakeholder engagement plan, which structures the relationship between those affected by the new project and the proponents of the project. The plan sorts those affected by the project into categories, distributes economic benefits differentially based on those categories, allocates other benefits which can increase or decrease the social power of those affected, defines the ways that people harmed by the project may seek redress for their injuries, and might even modify existing governance structures. In the past decade, through the efforts of large institutional …

Fishing For A Sustainable Future: Aquaponics As A Method Of Food Production, Richard Ramsundar

Student Theses 2015-Present

This thesis compares and explains the advantages aquaponics farming has over modern industrial intensive farming. Through a comparison natural capital usage, conservation, recycling and cost, the thesis advocates for the expansion of aquaponics usage in urban settings. The thesis also explains the history of intensive farming and aquaponics in America, the science of how aquaponics operates, the economic and environmental costs of modern intensive farming versus aquaponics farming, and the social implications of aquaponics. Lastly, I propose a policy that reallocates farm subsidies by modifying the Farm Bill. Then I propose policies that support creating a new standard of farm …

The Effects Of Social Status On The Quality And Affordability Of Healthcare, Robert O. Burns

Honors College Theses

Access to healthcare is very important in today's society, as is the quality of said healthcare. The socioeconomic status (SES) of an individual is the most important factor when it comes to determining both the accessibility and quality of said care, and as such has been studied extensively. Across different countries, lower SES has been linked to the decreased affordability and success rates of medical treatments such as coronary heart disease medication or health risk prevention regimes. In many cases, low SES patients were found to be less likely to seek treatment than higher SES patients as the debt they …

Professional Sports Facilities, Teams And Property Values: Evidence From Seattle’S Key Arena, Brad R. Humphreys, Adam D. Nowak

Economics Faculty Working Papers Series

Professional sports teams and facilities can generate negative or positive amenities to be capitalized into nearby property prices. We investigate the effect of the departure of a National Basketball Association team, the Seattle SuperSonics, from Key Arena in Seattle in 2008 on nearby residential property values. The arena continued to operate after the team left, so this departure represents a natural experiment to identify the net effects of a sports team from the effect of a facility and other events that take place in the facility. Results from a repeat sale regression model indicate that the departure of the SuperSonics …

Mochtar Riady [Indonesia, Banker], Mochtar Riady

Digital Narratives of Asia

Founder and Chairman of Lippo Group, Mochtar Riady gained the moniker "Magic Man of Banking" because of his ability to turn around and grow several of Indonesia's private banks, the most notable being Bank Central Asia (BCA). But his 15 years in BCA wasn't all smooth sailing. He speaks to DNA about his challenges in BCA, which saw him dealing with sensitive relationships with the Suharto government, as well as the firing of his own son for Forex speculation.

Gold Mining And Unequal Exchange In Western Amazonia: A Theoretical Photo Essay, Gordon L. Ulmer

disClosure: A Journal of Social Theory

I combine fieldwork photography and ethnographic documentation of gold mining in Madre de Dios, Peru, to examine the localized material, social, environmental, and health outcomes of the global gold boom. This 'theoretical photo essay’ examines how local and global forces coalesce around gold mining and influence peoples and environments in Western Amazonia. I use embodiment theory in anthropology, ecological economics, and theories of underdevelopment to understand local consequences of the global gold trade and to elucidate how opulence and the machinations of capital accumulation in economic centers of the world occur at the expense of human lives and environments in …

Mitch Daniels And The Tuition Freeze At Purdue University, Michael Hemesath

Administration Publications

No abstract provided.

Investing And Pretending, Anita Krug

All Faculty Scholarship

One of the more prominent components of Dodd–Frank’s regulatory changes was Title VII, providing for the regulation of the over-the-counter derivatives known as “swaps.” A swap is a financial instrument whose value is based on an asset—the “reference asset”—that is wholly unrelated to the swap itself. Although there was much ado about swap regulation immediately after Dodd–Frank’s enactment, the same cannot be said of the many rules that the Commodity Futures Trading Commission (“CFTC”) has subsequently adopted pursuant to its authority under Title VII. This Article critically evaluates the CFTC’s “swap rules” and identifies the regulatory vision that they reflect. …

Improving Rhode Island’S Health Care System: Lessons From The Cuban Model, Sarah R. Moffitt

Senior Honors Projects

Improving Rhode Island’s health care system: lessons from the Cuban model

Cuba is world renowned for its health care system. In regards to international health crises, Cuba is a leader in sending workers abroad and training doctors from all over the world. Within its own borders, the Cuban model provides free access to all citizens in which every individual has a primary care provider. Cuba boasts high vaccination rates, a long life expectancy, low infant mortality rate, and a population that is one of the healthiest in the western hemisphere.

The purpose of this research project is to evaluate the …

The Metro Manila Report: National Landscape, Current Challenges And Opportunities For Growth, Institute For Societal Leadership, John W. Ellington

Institute of Societal Leadership Research Collection

Although Western colonisers have, to varying degrees, shaped the political structures and economies of nearly all modern Southeast Asian nations, they achieved an unmatched level of cultural and institutional penetration in the Philippines. Far from the Indic influences that inspired Angkor Wat, Borobudur and Bagan, the island group was only marginally sanskritised during the pre-colonial period. With some notable exceptions in the south, Muslim communities were also never able to establish firm roots. Mindanao, Sulu and even southern Luzon were home to maritime sultanates beginning in the late 14th century, but a Spanish victory over the Muslim Rajah of Maynila …

Firing Threats: Incentive Effects And Impression Management, Brice Corgnet, Roberto Hérnan-Gonzalez, Stephen J. Rassenti

Economics Faculty Articles and Research

We study the effect of firing threats in a virtual workplace that reproduces features of existing organizations. We show that organizations in which bosses can fire up to one third of their workforce produce twice as much as organizations for which firing is not possible. Firing threats sharply decrease on-the-job leisure. Nevertheless, organizations endowed with firing threats underperformed those using individual incentives. In the presence of firing threats, employees engage in impression management activities to be seen as hard-working individuals in line with our model. Finally, production levels dropped substantially when the threat of being fired was removed, whereas on-the-job …

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

The Rhode Island Current Conditions Index

No abstract provided.

Who Pays For Music?, Meg Aman

Honors Projects in Management

The purpose of this capstone project was to determine the attributes of consumers that pay for music, specifically music streaming services. The recent decline in current individual track sales and the increase in the number of streamed songs, highlights the relevance of this topic. The increasing popularity in music streaming has caused much contreversy in the music industry. Many artists are unhappy with the low revenue they receive from songwriting royalties from these streaming services that offer a free platform. Artists are not the only ones who need consumers to pay for music, the music streaming sites that provide free …

A Study In How Linking Social Capital Functions In Community Development, Julie Burress Jordan

Dissertations

This qualitative dissertation explores how linking social capital is mobilized in community development and proposes an analytical framework for studying linking social capital relationships unique from bonding and bridging social capital. Linking social capital defines those relationships that are acting to bridge individuals across institutional boundaries and can be particularly important in rural, less developed regions. Although not frequently used in empirical studies, linking capital is typically measured by counting membership in external groups or associations. This study revealed the most direct benefit from linking social capital was financial support from intermediary agencies. Additionally, linking social capital has indirect community …

Do Footprint-Based Cafe Standards Make Car Models Bigger?, Brianna Marie Jean

Economics

Corporate Average Fuel Economy (CAFE) standards have historically been set equal across all manufacturer fleets of the same type. Concerns about varying costs across firms and safety implications of standards that are set homogeneously across firms and models resulted in a policy shift towards footprint-based standards. Under this type of standard, individual car models face targets based on the size of the area between the wheelbase and wheel track, so that larger models face less stringent standards, and manufacturers who make, on average, larger cars will face a lighter fleet standard. Theoretical models have shown that this type of policy …

Climate, Latitude And Wealth, Trevor Greg Stringham

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

So many of the world's most impoverished nations are found in warm climate regions that some economists have referred to "tropical" as synonymous with "underdeveloped". In this paper I study the difference in GDP per capita throughout the world based on latitude, and show that there is a significant, positive correlation between distance from the equator and GDP per capita. I find that consumption is different in wealthier countries and that these differences are correlated with latitude. I use these differences in consumption as a new approach to evaluating the problem of what causes temperate climate nations to be rich …