Economics Commons^™

Accounting For Disadvantaged Students In Foundation Aid Formulas, 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.

Diversity In The Economics Profession: A New Attack On An Old Problem, Amanda Bayer, C. E. Rouse

Economics Faculty Works

The economics profession includes disproportionately few women and members of historically underrepresented racial and ethnic minority groups, relative both to the overall population and to other academic disciplines. This underrepresentation within the field of economics is present at the undergraduate level, continues into the ranks of the academy, and is barely improving over time. It likely hampers the discipline, constraining the range of issues addressed and limiting our collective ability to understand familiar issues from new and innovative perspectives. In this paper, we first present data on the numbers of women and underrepresented minority groups in the profession. We then …

La Influencia Del Mercado En La Crianza De Alpacas En Las Comunidades Alto Andinas De Pucará, Jessica Casale

Student Publications

Using a social-anthropological approach, through first-hand experiences living in the field and speaking with the subjects of this study, this paper investigates how the global economic market of alpaca wool has had effect on the traditional cultural practices of alpaca herders in the high Andean communities of Pucará, Peru. The results reveal a loss of traditional Andean herder’s practices and beliefs in the face of modernization, the inequality and exploitation within the wool market, and the influence of western economic ideologies. To preserve cultural practices and enhance the conditions of an alpaca herder, I suggest educating the communities on more …

Housing Policies In Singapore, Phang Sock Yong, Matthias Helble

Research Collection School of Economics

Singapore has developed a unique housing system, with three-quarters of its housing stock built by the Housing & Development Board (HDB) and homeownership financed through Central Provident Fund (CPF) savings. As a result, the country’s homeownership rate of 90% is one of the highest among market economies. At different stages of its economic development, the Government of Singapore was faced with a different set of housing problems. An integrated land–housing supply and financing framework was established in the 1960s to solve the severe housing shortage. By the 1990s, the challenge was that of renewing aging estates and creating a market …

Mexico Consensus Economic Forecast, Volume 19, Number 4, Thomas M. Fullerton Jr., Adam G. Walke

Border Region Modeling Project

No abstract provided.

Borderplex Economic Outlook To 2018, Thomas M. Fullerton Jr., Adam G. Walke

Border Region Modeling Project

No abstract provided.

The State Of The Region: Hampton Roads 2016, James V. Koch, Vinod Agarwal, Christopher B. Colburn, Vicky Curtis, Steve Daniel, Larry "Chip" Filer, Timothy Komarek, Feng Lian, Sharon Lomax, Wolfgang Mairinger, Alice Mcadory, Robert Mcnab, Janet Molinaro, Lisa Suhay

Economics Faculty Books

This is Old Dominion University's 17th 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 …

Consumer Anger And Brand Reputation, Kimberly Legocki, Kristen Walker

School of Economics and Business Administration Faculty Works

No abstract provided.

Give A Man A Fish: A Narrative Approach To A Case Study Of Soup Kitchens In The Wentworth Community, Evelyn Shen

Independent Study Project (ISP) Collection

This study uses a narrative approach to explore the role of soup kitchens in the predominantly Coloured and English-speaking Wentworth community. Many of the community’s churches1 and non-profit organizations host soup kitchens regularly, rotating so that there is a meal available each day of the week.

Qualitative data was gathered through volunteering with the soup kitchens as a participant observer and having conversations and open-ended interviews with soup kitchen guests and hosts. Institutional context was provided by interviews with the Convener of the War Room and the Ward Councillor, and representatives of three non-profits in the community. In order to …

A Road To Somewhere: Changing Trade And The Adaptation To Survive In Humla, Sophie Louaillier

Independent Study Project (ISP) Collection

This paper is an investigation of the changing trade in Humla, one of the most remote regions in Nepal. I particularly focus on the road being built from the village of Hilsa, which lies on the border of China and Nepal, to Simikot, the main town. This road will be accessible by all the villagers who live on the link trail now – the trail they walk on with their animals in order to reach the border site. Trade is especially important in Humla; there are no roads available to get there from the Nepal side, so everything must be …

On The Robustness Of Higher Order Risk Preferences, Cary Deck, Harris Schlesinger

ESI Working Papers

Economists have begun to recognize the role that higher order risk preferences play in a variety of settings. As such, several experiments have documented the degree of prudence, temperance, and to a lesser extent, edginess and bentness that laboratory subjects exhibit. More recently, researchers have argued that higher order risk preferences generally conform to mixed risk averse and mixed risk loving patterns that arise from a preference for disaggregating or aggregating harms, respectively. This paper examines the robustness of this pattern in three ways. First, it attempts to directly replicate previous results with compound lotteries over monetary outcomes. Second, it …

Does Eco-Labeling Of Services Matter? Evidence From Higher Education, Daniel C. Hickman, Andrew G. Meyer

Economics Faculty Research and Publications

Eco-labeling of services has become increasingly common, yet little empirical evidence exists concerning its effectiveness. We address this gap in the literature by analyzing a highly visible eco-label, the American College and University Presidents’ Climate Commitment (ACUPCC), in the sector of higher education. We match information about the ACUPCC to the US Department of Education IPEDS database to examine the impact of signing on student applications, admissions, and enrollment. We mainly utilize a difference-in-difference approach to identify the effects of interest but confirm results with an interrupted time series model. We find that signing the ACUPCC increases applications and admitted …

Nurturing Non-Market Spaces In The Digital Environment, Roderick Graham

Sociology & Criminal Justice Faculty Publications

Information and communication technologies (ICTs) produce public goods for societies. Through ICTs people can be more politically active, construct their social identities, strengthen bonds with significant others, and more. However, businesses provide access to the Internet, produce and sell hardware and software, while maintaining platforms that are used for the generation of these public goods. There is a contradiction inherent in this dynamic as the continued provision of these public goods is contingent upon private entities deeming them profitable. Within the United States, federal policies have not adequately addressed this contradiction. In this paper, I argue that a change in …

La Construcción De Una Identidad Propia Por Parte De Las Mujeres Piqueteras De Claypole, Como Protagonistas, Dentro Del Frente De Organizaciones En Lucha (Fol) / Mujeres Piqueteras Of Claypole Constructing Their Own Identity As Protagonists Within The Frente De Organizaciones En Lucha (Fol), Luz Daniela Castro

Independent Study Project (ISP) Collection

In the late 1990s in Argentina, the model of neoliberalism transformed political and economic policies, aggravated free trade and promoted the privatization of companies and free enterprise. A direct consequence was job instability, with masses amounts of unemployment prevailing, and no action nor response pursued by the state. As a result, the unemployed workers “desocupdos” came together and introduced new repertoires of action: the picketing “piquetes” and the temporary blockage of roads “corte de rutas”. The movement’s first appearance was in the Cutral-Có y Plaza Huincul in the Province of Neuquén (1996-97), extended to Salta and Jujuy (1997) and then …

The Case For State-Led Trade Policies In Economic And Human Development, Prahlad Krishnan

Independent Study Project (ISP) Collection

This paper aims to examine the difference in effectiveness on development of least developed countries (LDCs) such as Uganda that opposing trade positions have. Specifically, the paper will look at development state economic policies versus neoliberal policies in both regional and global trade to determine how they both effect development as defined by the Human Development Paradigm and the Neoliberal (Economic) Paradigm.

Research for this paper came from a practicum-based internship with Southern and Eastern Africa Trade Information and Negotiations Institute Uganda (SEATINI). The internship provided guidance for independent research and allowed for participant observation. Information was also gathered through …

Putting Short-Time Compensation To Work: How Employers Can Avert Layoffs And Reduce Training Costs, David E. Balducchi, Stephen A. Wandner

Employment Research Newsletter

No abstract provided.

The Impact Of Urban Sprawl On Journey To Work Times For Mass Transit And All Other Commuters In The United States: A Research Note, Thomas E. Lambert, Hokey Min, Kyle Dorriere

Faculty and Staff Scholarship

As government budgets get tighter, there has been considerable public outcry about the continued investment in public mass transit systems and their financial viability. Amid this outcry, a number of studies have been conducted to determine which factors influence the use and efficiency of publicly-funded mass transit systems. These factors include population density and less sprawl (or greater urban compactness). However, their impact on mass transit usage is somewhat contradictory in that the heavy concentration of populations in the urban area and greater compactness is believed to increase mass transit usage due to a bigger number of potential passengers. In …

Multinational Firms And Tax Havens, Anna Gumpert, James R. Hines Jr., Monika Schnitzer

Articles

Multinational firms with operations in high-tax countries can benefit the most from reallocating taxable income to tax havens, though this is sufficiently difficult and costly that only 20.4% of German multinational firms have any tax haven affiliates. Among German manufacturing firms, a 1 percentage point higher foreign tax rate is associated with a 2.3% greater likelihood of owning a tax haven affiliate. This is consistent with tax avoidance incentives and contrasts with earlier evidence for U.S. firms. The relationship is less strong for firms in service industries, possibly reflecting the difficulty of reallocating taxable service income.

Need Based Aid From Selective Universities And The Achievement Gap Between Rich And Poor, Sunha Myong

Research Collection School Of Economics

I study the role of need-based aid from selective universities in closing the achievement gap between rich and poor high school students. I focus on the incentive aspect of need-based aid that can change high school students’ effort choices. The impact of increasing need-based aid depends on the extent of borrowing constraints and how competition affects the relative performance of low- and high-income students. I develop a structural model of students’ learning, application, and admission processes, and estimate it with the Education Longitudinal Study of 2002, a nationally representative sample. I use a geographic variation in costs of attending selective …

Tackling Technology Disruption In The Financial Sector: Are The Current Singapore Government Incentives And Labour Force Preparations Adequate?, Swee Liang Tan

Research Collection School Of Economics

No abstract provided.

Catalyst Of Business Cycle Synchronization In East Asia, Hui-Ying. Sng, Liyu Dou, Pradumna Bickram. Rana

Research Collection School Of Economics

The essential question this paper seeks to answer is whether the business cycle co-movement in East Asia are fostered by internal bilateral trade within the region, specifically, intra-industry trade or by external forces like the influence of the world’s largest economy, namely, the United States. This paper examines the extent and robustness of the relationship between trade intensity and business cycle synchronization for nine East Asian countries in the period 1965–2008. Unlike previous studies which assume away the region’s concurrent connection with the rest of the world, in our regressions we control for both the US effect and the exchange …

New Skills At Work: Managing Skills Challenges In Asean-5, Kim Song Tan, James T. H. Tang

Research Collection School Of Economics

The dynamic economies of Singapore, Malaysia, Thailand, Indonesia and the Philippines (ASEAN-5) boasts a growth rate of close to 5% a year despite the sluggish global economy. However, whether ASEAN-5 can grow to be significant players in the global economy will depend critically on their abilities to train workers with relevant job skills required by growth-driving industries. This challenge requires governments and employers to work together and develop coherent policies and targeted incentive structures for workers to acquire general and job-specific skills. The report Managing Skills Challenges in ASEAN-5 provides insights and recommendations on how the ASEAN-5 countries can respond …

A Practical Test For Strict Exogeneity In Linear Panel Data Models With Fixed Effects, Liangjun Su, Yonghui Zhang, Jie Wei

Research Collection School Of Economics

This paper provides a practical test for strict exogeneity in linear panel data models with fixed effects when the number of individuals N goes to infinity while the number of time periods T is fixed. The test is based on the supremum of a sequence of Wald test statistics. Under suitable conditions, we establish the asymptotic distribution of the test statistic and consistency of the test. A bootstrap procedure is proposed to improve the finite sample performance and the validity of the procedure is justified. We investigate the finite sample performance of the test via a small set of Monte …

Robust Forecast Comparison, Sainan Jin, Valentina Corradi, Norman R. Swanson

Research Collection School Of Economics

Forecast accuracy is typically measured in terms of a given loss function. However, as a consequence of the use of misspecified models in multiple model comparisons, relative forecast rankings are loss function dependent. In order to address this issue, a novel criterion for forecast evaluation that utilizes the entire distribution of forecast errors is introduced. In particular, we introduce the concepts of general-loss (GL) forecast superiority and convex-loss (CL) forecast superiority; and we develop tests for GL (CL) superiority that are based on an out-of-sample generalization of the tests introduced by Linton, Maasoumi, and Whang (2005, Review of Economic Studies …

Estimating The Volatility Occupation Time Via Regularized Laplace Inversion, Jia Li, Viktor Todorov, Tauchen

Research Collection School Of Economics

We propose a consistent functional estimator for the occupation time of the spot variance of an asset price observed at discrete times on a finite interval with the mesh of the observation grid shrinking to zero. The asset price is modeled nonparametrically as a continuous-time Itô semimartingale with nonvanishing diffusion coefficient. The estimation procedure contains two steps. In the first step we estimate the Laplace transform of the volatility occupation time and, in the second step, we conduct a regularized Laplace inversion. Monte Carlo evidence suggests that the proposed estimator has good small-sample performance and in particular it is far …

Drivers Behind The Monitoring Effectiveness Of Global Institutional Investors: Evidence From Earnings Management, Incheol Kim, Steve Miller, Hong Wan, Bin Wang

School of Economics and Finance Faculty Publications

This paper studies the drivers behind the monitoring effectiveness of institutional investors in curbing earnings management in an international setting. We identify three distinct drivers and propose two competing hypotheses: the hometown advantage hypothesis predicts that because of proximity to monitoring information, domestic institutions have a comparative advantage over foreign institutions in deterring earnings management, whereas the global investor hypothesis predicts that foreign institutions have a comparative advantage because of their proclivity toward activism and ability to deploy superior monitoring technologies. Consistent with the hometown advantage hypothesis, in aggregate, domestic, but not foreign, institutional ownership is associated with less earnings …

Discourses Of "Cruelty-Free" Consumerism: Peta, The Vegan Society And Examples Of Contemporary Activism, Andrea Springirth

Dissertations, Theses, and Capstone Projects

This paper draws upon the principles of critical discourse analysis in order to examine the production of capitalist and consumerist discourses within contemporary nonhuman animal rights activism. The analysis presents evidence to suggest that the discourses being produced via the websites of People for the Ethical Treatment of Animals (PETA) and The Vegan Society are consistently being constructed through market-centric ideologies that treat activists mainly as middle-class consumers. This paper argues that the consistent presence of neoliberal discourse signals an instructive entanglement with broader sociopolitical issues. Specifically, there are concerns as to how this discourse relates to what is thought …

Three Essays On The Effects Of Childbearing On Economic Well-Being And Health, Ramazan Onur Altindag

Dissertations, Theses, and Capstone Projects

Chapter 1: Couples in Turkey exhibit son preference through son-biased differential stopping behavior that does not cause a sex ratio imbalance in the population. Demand for sons leads to lower ratios of boys to girls in larger families but higher ratios in smaller families. Girls are born earlier than their male siblings, and son-biased fertility behavior is persistent in response to decline in fertility over time and across households with parents from different backgrounds. Parents use contraceptive methods to halt fertility following a male birth. The sibling sex composition is associated with gender disparities in health. Among third- or later-born …

To Be Made Sick By Medicine: Quantitative Easing And Inequality After The Financial Crisis, Giulio Alberto Bianchi

Undergraduate Economic Review

During the Global Financial Crisis, central banks attempted to counter the economic downturn by reinforcing their conventional policy toolset with an extensive range of unconventional monetary policies. Paramount amongst these policies was Quantitative Easing (QE), which involves the creation of electronic money to conduct large-scale asset purchases. QE has been accused of increasing economic inequality from multiple political standpoints. By analytically weighing QE’s effects on different groups of households, this paper attempts to establish whether the Federal Reserve System, the European Central Bank and the Bank of England fostered income and wealth inequality during the post-crisis period in the areas …

Differential Mortality And The Progressivity Of Social Security, Shantanu Bagchi

Upjohn Institute Working Papers

I examine if the positive correlation between wealth and survivorship has any implications for the progressivity of Social Security’s current benefit-earnings rule. Using a general-equilibrium macroeconomic model calibrated to the U.S. economy, I show that the optimal benefit-earnings link for Social Security is largely insensitive to wealth-dependent mortality risk. This is because while a more progressive benefit-earnings rule provides increased insurance for households with relatively unfavorable earnings histories, and therefore lower savings and survivorship, their relatively high mortality risk heavily discounts the utility from old-age consumption. I find that these two effects roughly offset each other, yielding nearly identical optimal …