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2017

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Full-Text Articles in Economics

دور استخدام السلاسل الزمنية في التنبؤ بعدد مراجعي المؤسسات الصحية لتحقيق التنمية المكانية (بحث تطبيقي في دائرة صحة الديوانية), صلاح صاحب شاكر البغدادي Apr 2017

دور استخدام السلاسل الزمنية في التنبؤ بعدد مراجعي المؤسسات الصحية لتحقيق التنمية المكانية (بحث تطبيقي في دائرة صحة الديوانية), صلاح صاحب شاكر البغدادي

Muthanna Journal of Administrative and Economics Sciences

تعد السلاسل الزمنية اسلوبا من الاساليب الاحصائية الجديرة بالاهتمام , وامكانية استخدامها للتوقع في المستقبل, ويعتمد اسلوب تحليل السلاسل الزمنية على تتبع الظاهرة او المتغير على مدى زمني معين (سنوات عدة)، ويهدف البحث إلى معرفة مفهوم السلاسل الزمنية ودورها في التخطيط المستقبلي لتحقيق التوازن في توزيع الموارد المتاحة لتحقيق التنمية المكانية. ولتحقيق اهداف البحث تم اختيار مراكز الرعاية الصحية الاولية الحكومية في محافظة الديوانية, وتوصل الباحثان الى مجموعة من الاستنتاجات أهمها، ظهور مناطق متطورة ومناطق اقل تطورا اقتصاديا واجتماعيا وثقافيا، تركز النشاط الاقتصادي والخدمات في مناطق معدودة مما يزيد من الهجرة الى هذه المناطق وجعلها اكثر جذبا للسكان وتطورا من …


دور التدقيق الداخلي في الرقابة على الموازنة للحكومات المحلية – دراسة ميدانية في الحكومة المحلية لمحافظة ذي قار, كاظم خماط سلمان Apr 2017

دور التدقيق الداخلي في الرقابة على الموازنة للحكومات المحلية – دراسة ميدانية في الحكومة المحلية لمحافظة ذي قار, كاظم خماط سلمان

Muthanna Journal of Administrative and Economics Sciences

استهدفت الدراسة التعرف على الاسس العلمية المتعلقة بمفاهيم وانواع الموازنات واجراءات الرقابه عليها . اجريت الدراسة على الحكومة المحلية في محافظة ذي قار , وبنيت الدراسة على فرضيتين هما ضعف دور الرقابة على تنفيذ الموازنات يؤدي الى زيادة ظاهرة الفساد , فضلا عن ضعف الاستجابة الى نتائج الرقابة على تنفيذ الموازنات يؤدي الى نفس النتيجة . استخدم الباحثان الاسلوب الوصفي في الجانب النظري والتطبيق العملي للوصول الى المعلومات التي يستفيد منها الباحثان في بحثهما . توصلت الدراسة الى مجموعة من الاستنتاجات اهمها ان الموازنة العامة تمثل نظام له مدخلات ومعالجة ومخرجات وتتطلب الرقابة على تنفيذ تلك الموازنة ان تعمل اجهزة …


The Ideological Roots Of Institutional Change, Murat Iyigun, Jared Rubin Apr 2017

The Ideological Roots Of Institutional Change, Murat Iyigun, Jared Rubin

ESI Working Papers

Why do some societies fail to adopt more efficient institutions in response to changing economic conditions? And why do such conditions sometimes generate ideological backlashes and at other times lead to transformative sociopolitical movements? We propose an explanation that highlights the interplay--or lack thereof--between new technologies, ideologies, and institutions. When new technologies emerge, uncertainty results from a lack of understanding how the technology will fit with prevailing ideologies and institutions. This uncertainty discourages investment in institutions and the cultural capital necessary to take advantage of new technologies. Accordingly, increased uncertainty during times of rapid technological change may generate an ideological …


Analyzing The Characteristics Of Plants Choosing To Opt-Out Of The Large Combustion Plant Directive, Andrew G. Meyer, Grzegorz Pac Apr 2017

Analyzing The Characteristics Of Plants Choosing To Opt-Out Of The Large Combustion Plant Directive, Andrew G. Meyer, Grzegorz Pac

Economics Faculty Research and Publications

The EU Large Combustion Plant Directive (LCPD) is a major but largely unstudied environmental regulation. Most of the 1585 large combustion plants in this analysis are electricity supply plants or combined heat and power plants. We find that, controlling for country characteristics and plant size, plants in the electricity supply, combined heat and power, district heating, and paper industries have a higher probability of being opted-out of the emission limit values (ELVs), which necessitates eventual plant closure. Controlling for plant size and industry, increasing the amount of solid fuel or natural gas utilized at a plant is associated with a …


Rationality Vs Reality: The Dissonance Between Economic Models And Experimental Data, Piotr Broda Apr 2017

Rationality Vs Reality: The Dissonance Between Economic Models And Experimental Data, Piotr Broda

College Honors Program

Rationality was not embedded in economic theory from its onset. In fact, the discipline started with a more holistic approach to human nature, incorporating notions of empathy and altruism. It was not until economics progressed and became more concerned with mathematical models and abstract theories that rationality entered the fray. Game theory, developed in the 1940s, established several axioms about human behavior that presented people as perfectly rational economic agents. It was not until behavioral researchers started investigating the question of rationality that the economic worldview was critically challenged. This research was the driving force in the development of behavioral …


Determinants Of Ipo Underpricing: Tech Vs Non-Tech Industries, Jordan Beck Apr 2017

Determinants Of Ipo Underpricing: Tech Vs Non-Tech Industries, Jordan Beck

Major Themes in Economics

Do firms in the tech industry experience higher levels of underpricing when going public as opposed to firms not in the tech industry? This research uses a linear regression model to analyze the determinants of underpricing in the initial public offering market. The model indicates that underpricing is influenced by the offer price, underwriter quality, and the size of the firm as a measure of risk. This analysis does not find evidence of higher levels of underpricing in the tech industry. Further research could analyze the levels of underpricing over time as an industry matures.


The Gender Pay Gap In College Basketball: Is Discrimination The Driving Factor?, Melissa Ament Apr 2017

The Gender Pay Gap In College Basketball: Is Discrimination The Driving Factor?, Melissa Ament

Major Themes in Economics

A survey of the current literature reveals two main schools of thought regarding the pay gap between coaches in men’s versus women’s NCAA Division I college basketball. The academic literature argues gender discrimination is not the source of the pay gap, while the popular press argues the pay gap is due in part to gender discrimination. A review and analysis of the existing literature finds discrimination is not the source of the pay gap between men’s and women’s college basketball coaches.


The 2008 Financial Recession And Fair Value Accounting, Anthony Hurlburt Apr 2017

The 2008 Financial Recession And Fair Value Accounting, Anthony Hurlburt

Major Themes in Economics

The recent U.S. housing bubble was correlated with lax underwriting standards, flawed housing polices, and Wall Street innovation. At the peak of the housing bubble, the Financial Accounting Standards Board issued standard 157, which provided guidance on fair value accounting. Once the housing market deflated, the standard led many to believe that it was the sole reason asset values collapsed, creating a liquidity crunch and prolonging the financial recession. This paper investigates the causes of the housing bubble and Financial Accounting Standard’s relevance in the aftermath. It finds that fair value accounting simply exposed the poor underwriting standards, bad public …


The Return Of The Machinery Question: Is It Different This Time?, Kaleb Luse Apr 2017

The Return Of The Machinery Question: Is It Different This Time?, Kaleb Luse

Major Themes in Economics

Recent advances in artificial intelligence have the potential to seriously affect labor markets. Some believe that artificial intelligence will be the end of work for humans. Others believe that artificial intelligence is like any other technological innovation from the past and will create just as many jobs as it destroys. I conclude that while artificial intelligence can bring about many of the benefits of technological change seen in history, it drastically differs from innovations in the past and will result in massive unemployment. To ensure that everyone benefits from this huge step forward, policies need to be developed to accommodate …


An Analysis Of The Causal Relationship Between Transportation And Gdp: A Time-Series Approach For The United States, Arijan Alagic Apr 2017

An Analysis Of The Causal Relationship Between Transportation And Gdp: A Time-Series Approach For The United States, Arijan Alagic

Major Themes in Economics

Time-series analysis using monthly data from January 2000 to December 2015 is used to investigate the relationship between transportation and real GDP, controlling for the price of diesel, the amount of money invested in infrastructure, the inflation rate, and the real effective exchange rate. Transportation is proxied with the freight Transportation Services Index. Using Granger-causality, I find that changes in transportation Granger cause changes in real GDP, but not vice versa. It is a one-directional relationship where past values of transportation lead changes in real GDP.


The Economic Legacies Of Lingering Colonialism: A Case Study In Identity And Multiculturalism In Northern Morocco And The Spanish Enclaves, Jeremy Vale Apr 2017

The Economic Legacies Of Lingering Colonialism: A Case Study In Identity And Multiculturalism In Northern Morocco And The Spanish Enclaves, Jeremy Vale

Independent Study Project (ISP) Collection

Founded in ancient times, the twin Spanish cities of Ceuta and Melilla combined comprise just 11.8 square miles and have fewer than 200,000 inhabitants. Despite their rather insignificant sizes, they are important because they serve as the only land borders between the European Union and the African continent, generating a host of complicated questions. This research explores the role of smuggling as a form of micro-economy and identity. Through interviews of Moroccans with ties to smuggling as well as interviews with residents of Ceuta, this case study begins to examine the role smuggling plays in the debates about the sovereignty …


Foreign Aid Allocation And Impact In Latin America And The Caribbean (Lac): A Cross-Country Analysis Of Foreign Aid Impact On Gdp Per Capita And Life Expectancy, Ancito Etienne Apr 2017

Foreign Aid Allocation And Impact In Latin America And The Caribbean (Lac): A Cross-Country Analysis Of Foreign Aid Impact On Gdp Per Capita And Life Expectancy, Ancito Etienne

Undergraduate Theses and Capstone Projects

This research paper is an empirical study of the impact of official development assistance and official aid received, [henceforth, to be referred to as “foreign aid”], on life expectancy and GDP per capita in Latin America and the Caribbean. I used a panel dataset of 19 countries dated from 1996 to 2014 to perform two distinctive regressions using the OLS method. In addition, an exploration of the impact of GDP per capita on life expectancy was conducted to determine whether there was a cause and effect phenomenon; that is, testing whether an impact of foreign aid on GDP per capita …


Does Wage-Inflation Targeting Complement Foreign Exchange Intervention? An Evaluation Of A Multi-Target, Two-Instrument Monetary Policy Framework, Taojun Xie, Jingting Liu, Joseph D. Alba, Wai-Mun Chia Apr 2017

Does Wage-Inflation Targeting Complement Foreign Exchange Intervention? An Evaluation Of A Multi-Target, Two-Instrument Monetary Policy Framework, Taojun Xie, Jingting Liu, Joseph D. Alba, Wai-Mun Chia

Research Collection Lee Kong Chian School Of Business

We assess the inclusion of wage inflation as an intermediate target of an emerging central bank using a dynamic stochastic general equilibrium model with sticky wages and prices calibrated for the South Korean economy. The model includes wage inflation as an additional target jointly with domestic price inflation and the output gap in a Taylor- type interest rate rule operating with a sterilized foreign exchange (FX) intervention rule. Our results show a complementary relationship between wage inflation targeting and price inflation targeting. That is, by supplementing price inflation targeting with wage inflation targeting, welfare improves for cases with and without …


The Cultural Transmission Of Trust Norms: Evidence From A Lab In The Field On A Natural Experiment, Jared Rubin, Elira Karaja Apr 2017

The Cultural Transmission Of Trust Norms: Evidence From A Lab In The Field On A Natural Experiment, Jared Rubin, Elira Karaja

ESI Working Papers

We conduct trust games in three villages in a northeastern Romanian commune. From 1775-1919, these villages were arbitrarily assigned to opposite sides of the Habsburg and Ottoman/Russian border despite being located seven kilometers apart. Russian and Ottoman Öscal institutions were more rapacious than Habsburg institutions, which may have eroded trust of outsiders (relative to co-villagers). Our design permits us to rigorously test this conjecture, and more generally, whether historically institutionalized cultural norms are transmitted intergenerationally. We Önd that participants on the Ottoman/Russian side are indeed less likely to trust outsiders but more likely to trust co-villagers.


Fertility And Female Labor Force Participation: The Role Of Legal Access To Contraceptives, Chaney Skadsen Apr 2017

Fertility And Female Labor Force Participation: The Role Of Legal Access To Contraceptives, Chaney Skadsen

Student Research – Stevenson Center

Around the world there has been a global trend of falling fertility rates and increasing female labor force participation rates, simultaneously. The negative association between the two provides impetus to investigate whether fertility acts as an obstruction to the labor market for women and the possibility of incompatibility between motherhood and employee. I find that fertility only acts as an inhibiter to the labor force for women when instrumented with legal access to sterilization as a form of contraception among the other three forms tested. Therefore, when permanent forms of contraceptives are legal and available it allows for more women …


Three Essays On Monetary Policy And Exchange Rate Behavior, Wan Wei Apr 2017

Three Essays On Monetary Policy And Exchange Rate Behavior, Wan Wei

Dissertations

In response to the 2007 financial crisis and recession, the Federal Reserve System (the Fed) implemented conventional monetary policy by lowering the Federal funds rate in order to stimulate the economy. However, the Federal funds rate reached its zero-lower bound in November 2008, which meant that lowering the Federal funds rate was no longer an option, because it could not be lowered any further. As a result, the Fed began to implement unconventional monetary policy, by making large-scale asset purchases (LSAPs) usually referred to as quantitative easing (QE). This dissertation studies how monetary policy in the context of the move …


Networked: An Investigation Into The Economic Contribution Of Manuel Castells, Darrick Brake Apr 2017

Networked: An Investigation Into The Economic Contribution Of Manuel Castells, Darrick Brake

Dissertations

The central focus of this dissertation is contemporary network theory as discussed by Manuel Castells with an emphasis on his theoretical discussion on economic theory. This research centers on critically evaluating the works of Manuel Castells and discuss how his ideas on the theory of networks and the “network society” in relation to changes in the economic structure and information capitalism have made significant contributions to not only information society theory but also economic and sociological theory. This research was done as a two-part process in which there is a comparative analysis of the unique and underlying contributions contained within …


Nafta And The Gender Wage Gap, Shushanik Hakobyan, John Mclaren Apr 2017

Nafta And The Gender Wage Gap, Shushanik Hakobyan, John Mclaren

Upjohn Institute Working Papers

Using U.S. Census data for 1990–2000, we estimate effects of NAFTA on U.S. wages, focusing on differences by gender. We find that NAFTA tariff reductions are associated with substantially reduced wage growth for married blue-collar women, much larger than the effect for other demographic groups. We investigate several possible explanations for this finding. It is not explained by differential sensitivity of female-dominated occupations to trade shocks, or by household bargaining that makes married female workers less able to change their industry of employment than other workers. We find some support for an explanation based on an equilibrium theory of selective …


Zero Textbook Cost Syllabus For Economics 201 (Macroeconomic Theory), Bettina E. Berch Apr 2017

Zero Textbook Cost Syllabus For Economics 201 (Macroeconomic Theory), Bettina E. Berch

Open Educational Resources

This is a zero textbook cost syllabus for teaching macroeconomic theory at the 200 level at a community college. It is designed for a one semester course, using a creative commons textbook and a variety of open source podcasts, newspaper articles, and other materials available to CUNY students.


Granger Causality And Structural Causality In Cross-Section And Panel Data, Xun Lu, Liangjun Su, Halbert White Apr 2017

Granger Causality And Structural Causality In Cross-Section And Panel Data, Xun Lu, Liangjun Su, Halbert White

Research Collection School Of Economics

Granger noncausality in distribution is fundamentally a probabilistic conditional independence notion that can be applied not only to time series data but also to cross-section and panel data. In this paper, we provide a natural definition of structural causality in cross-section and panel data and forge a direct link between Granger (G-) causality and structural causality under a key conditional exogeneity assumption. To put it simply, when structural effects are well defined and identifiable, G-non-causality follows from structural noncausality, and with suitable conditions (e.g., separability or monotonicity), structural causality also implies G-causality. This justifies using tests of G-non-causality to test …


Firm Boundaries And Financing With Opportunistic Stakeholder Behaviour, Madhav S. Aney, Elie Appelbaum, Sanjay Banerji Apr 2017

Firm Boundaries And Financing With Opportunistic Stakeholder Behaviour, Madhav S. Aney, Elie Appelbaum, Sanjay Banerji

Research Collection School Of Economics

We explore the impact of strategic behaviour between three major stakeholders, namelyequity holders, debt holders, and a supplier of a critical input, on the choice of a firm’s capitalstructure and its organisational design, determining in-house production versus outsourcing theprocurement of the critical input. We show that an opportunistic coalition of the supplierand debt holders can trigger strategic bankruptcy even when the firm is solvent. Equity holdersrespond to this by either eliminating the supplier by producing the input in-house, or by reducingthe exposure to debt by funding the firm’s capital requirement through equity. Both responsescreate inefficiency since production of the input …


Asymptotic Theory For Estimating Drift Parameters In The Fractional Vasicek Model, Weilin Xiao, Jun Yu Apr 2017

Asymptotic Theory For Estimating Drift Parameters In The Fractional Vasicek Model, Weilin Xiao, Jun Yu

Research Collection School Of Economics

This paper develops the asymptotic theory for estimators of two parameters in the drift function in the fractional Vasicek model when a continuous record of observations is available. The fractional Vasicek model is assumed to be driven by the fractional Brownian motion with a known Hurst parameter greater than or equal to one half. It is shown that the asymptotic theory for the persistent parameter depends critically on its sign, corresponding asymptotically to the stationary case, the explosive case, and the null recurrent case. In all three cases, the least squares method is considered. When the persistent parameter is positive, …


Corporate Donations And Shareholder Value, Hao Liang, Luc Renneboog Apr 2017

Corporate Donations And Shareholder Value, Hao Liang, Luc Renneboog

Research Collection Lee Kong Chian School Of Business

Do corporate donations enhance shareholder wealth or reflect agency problems? We address this question for a global sample of firms whereby we distinguish between charitable and political donations, as well as between donations in cash and in kind. We find that charitable donations are positively related to financial performance and firm value, which is consistent with the value-enhancement hypothesis. This positive effect on firm value is stronger for cash than in-kind donations. In contrast, political donations do not appear to enhance shareholder value, but rather tend to reflect agency problems, as they are higher for firms with poor internal corporate …


Dollars From The Sea: Jacksonville And The Ocean Business, Committee Of 100 Jacksonville Area Chamber Of Commerce Mar 2017

Dollars From The Sea: Jacksonville And The Ocean Business, Committee Of 100 Jacksonville Area Chamber Of Commerce

City and Regional Planning -- Florida

Book details Jacksonville's oceanographic history 1967-1974


Why A Dorm Room Is Like A Climate Treaty, Mariam Khan Mar 2017

Why A Dorm Room Is Like A Climate Treaty, Mariam Khan

Colby Magazine

Nathan Chan shows how economic principles are at play in our everyday lives.


Analisis Upaya Rumah Sakit Dalam Menutupi Kekurangan Biaya Klaim Indonesia Case Base Group (Ina-Cbgs) Yang Dihitung Dengan Metode Activities Base Costing Pada Rumah Sakit Swasta Kelas C Di Kota Medan Tahun 2017, Destanul Aulia, Sri Fajar Ayu Universitas Sumatera Utara Mar 2017

Analisis Upaya Rumah Sakit Dalam Menutupi Kekurangan Biaya Klaim Indonesia Case Base Group (Ina-Cbgs) Yang Dihitung Dengan Metode Activities Base Costing Pada Rumah Sakit Swasta Kelas C Di Kota Medan Tahun 2017, Destanul Aulia, Sri Fajar Ayu Universitas Sumatera Utara

Jurnal Ekonomi Kesehatan Indonesia

Indonesia has developed the National Social Insurance System with the establishment of the National Health Insurance program and organized by BPJS Kesehatan. One of payment way of health services for the hospital in the era of JKN is Indonesian Case Base Group (INA-CBG’s), that is the payment of claims from BPJS to hospital on a package of services based on the packet of disease diagnosis and procedure.This study aims to analyze efforts by hospitals to cover the cost deficiency of INA CBG’s claims in Privat Hospital in Medan. This research type is descriptive with qualitative and quantitative. Qualitative is done …


Cost Recovery Rate Tarif Rumah Sakit Dan Tarif Ina-Cbg’S Berdasarkan Clinical Pathway Pada Penyakit Arteri Koroner Di Rs Pemerintah A Di Palembang Tahun 2015, Mardiah Mardiah, Ronnie Rivany Mar 2017

Cost Recovery Rate Tarif Rumah Sakit Dan Tarif Ina-Cbg’S Berdasarkan Clinical Pathway Pada Penyakit Arteri Koroner Di Rs Pemerintah A Di Palembang Tahun 2015, Mardiah Mardiah, Ronnie Rivany

Jurnal Ekonomi Kesehatan Indonesia

The difference of cost negative in the case of Coronary Artery Disease (CAD) with Percutaneous Coronary Intervention (PCI), indicate health financing gap between of hospital rates and INA-CBG’s rates. This study aimed to see the difference between the cost recovery rate (CRR) of hospital rates and INA-CBG’s rates for CAD with PCI at A Hospital. The results showed that the cost of treatment based on clinical pathways at the severity level I had a higher CRR Hospital rates compared to INA-CBG’s CRR, whereas at the severity level II, Hospital CRR rate was lower than INA-CBG’s CRR for the utility of …


Analisis Minimalisasi Biaya Obat Antihipertensi Antara Kombinasi Ramipril-Spironolakton Dengan Valsartan Pada Pasien Gagal Jantung Kongestif Di Rumah Sakit Pemerintah Xy Di Jakarta Tahun 2014, Cyntiya Rahmawati, Atik Nurwahyuni Mar 2017

Analisis Minimalisasi Biaya Obat Antihipertensi Antara Kombinasi Ramipril-Spironolakton Dengan Valsartan Pada Pasien Gagal Jantung Kongestif Di Rumah Sakit Pemerintah Xy Di Jakarta Tahun 2014, Cyntiya Rahmawati, Atik Nurwahyuni

Jurnal Ekonomi Kesehatan Indonesia

Hypertension is one of risk factors for congestive heart failure as the top 10 most prevalent diseases in XY Public Hospital in 2014. It has a large number of total cost and cost deviation between hospital and JKN rate. This study aimed to choose an alternative that is more cost-effective to treat congestive heart failure at XY Hospital in 2014. This was a quantitative research using retrospective cross-sectional analysis. The study compared the average value of total cost of two alternative treatments, ramipril-spironolactone with valsartan by using Hospital’s perspective. Direct medical cost components were cost of drugs, cost of physicians’ …


Factors Affecting Student Graduation Rates, Kaleb Luse Mar 2017

Factors Affecting Student Graduation Rates, Kaleb Luse

Research in the Capitol

Over the past few years, colleges and the United States government have become increasingly interested in raising graduation rates. This paper uses data from a survey given to students during their freshman year to analyze factors specific to an individual student that makes them more or less likely to graduate. Previous research shows that high school GPA and SAT scores are the two most statistically significant factors. In my study, I use a logit regression model to determine which factors are significant to a student’s likelihood of graduating. As with previous research I found high school GPA to be the …


The Effect Of Childhood Siblings On Adult Income, Heather Bavido Mar 2017

The Effect Of Childhood Siblings On Adult Income, Heather Bavido

Research in the Capitol

As evidenced by the decreased US fertility rate, families are having fewer children. As productivity has risen, the opportunity cost of having children has risen; and as wealth has increased the need to have children to provide income in old age has fallen. Research shows that with family income held constant, parents face a tradeoff between how many children they have and the perceived quality of the children. My research explores the relationship between the number of siblings an individual grows up with and adult wages. Using the National Longitudinal Survey of Youth 1979, my results show individuals with seven …