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2018

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Articles 1171 - 1200 of 1742

Full-Text Articles in Economics

Does Gender Really Matter In Agriculture?, Marianna Khachaturyan, E. Wesley F. Peterson Feb 2018

Does Gender Really Matter In Agriculture?, Marianna Khachaturyan, E. Wesley F. Peterson

Cornhusker Economics

Agriculture comprises around 9.5 percent of GDP for all developing countries, 26.0 percent for the least developed, 17.6 percent in South Asia and 17.4 percent in Sub -Saharan Africa compared with only 1.1 percent in the United States (World Bank, 2018). Agriculture is the main source of employment and livelihood for many, especially in Asia and Africa where about 60 percent of workers (both men and women) are employed in the agricultural sector (Agarwal, 2015). Globally, about 43 percent of workers who are engaged in agricultural activities are women (Akter et al., 2017), and across Asian and African countries, about …

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Propensity To Patent And Firm Size For Small R&D-Intensive Firms, Albert N. Link, John T. Scott Feb 2018

Propensity To Patent And Firm Size For Small R&D-Intensive Firms, Albert N. Link, John T. Scott

Dartmouth Scholarship

The Schumpeterian hypothesis about the effect of firm size on research and development (R&D) output is studied for a sample of R&D projects for R&D-intensive firms that are small but have substantial variance in their sizes. Across the distribution of firm sizes, the elasticity of patenting with respect to R&D ranged from 0.41 to 0.55, with the elasticities being largest for intermediate levels of firm size and also varying directly with the extent to which the projects are Schumpeterian in the cost or value senses. The paper’s findings at the R&D project level are compared with the literature’s findings at …

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Proposal For A Non-Subsidized, Non-Retirement-Plan, Employee-Owned Investment Vehicle To Replace The Esop, Sean M. Anderson, Andrew Stumpff Morrison Feb 2018

Proposal For A Non-Subsidized, Non-Retirement-Plan, Employee-Owned Investment Vehicle To Replace The Esop, Sean M. Anderson, Andrew Stumpff Morrison

Law & Economics Working Papers

The authors have previously been critical of the existing American legal exemption and subsidy regime for employee stock ownership plans (“ESOPs”). By definition such plans create dangerously undiversified investment programs tying employees’ retirement security to the financial health of a single company – which, to compound the problem, is the employees’ employer, thereby correlating participants’ retirement security risk with the risk of losing their jobs. No demonstrated compensating policy benefit justifies this extraordinary large-scale departure from basic principles of financial prudence. One context, however, where a plausible case might be made for employee ownership is that which arises when a …

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Nebraska Business And Consumer Confidence Indexes: February 2, 2018, Eric Thompson Feb 2018

Nebraska Business And Consumer Confidence Indexes: February 2, 2018, Eric Thompson

Leading Economic Indicator Reports

Consumer and business confidence rebounded in Nebraska during January 2018. The Consumer Confidence Index – Nebraska (CCI-N) rose to 115.2, well above the neutral level of 100.0 and a value of 93.3 in December 2017. This is the highest level recorded for the CCI-N since it was first released in February of 2016. The Business Confidence Index – Nebraska (BCI-N) rose to 112.2 in January from 107.5 in December. Both monthly readings were well above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 40 percent of respondents. The …

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The Global Economic Outlook In 2018, Singapore Management University Feb 2018

The Global Economic Outlook In 2018, Singapore Management University

Perspectives@SMU

Oil prices will not reach US$120, more U.S. Fed rate hikes expected, and Brexit’s fallout to remain largely within Europe

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Education As A Catalyst For Socio-Economic Development In South Africa, Singapore Management University Feb 2018

Education As A Catalyst For Socio-Economic Development In South Africa, Singapore Management University

Perspectives@SMU

In order to progress socially and economically, a united South Africa will have to focus on an education sector hindered by apartheid era policies.

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Rhode Island Current Conditions Index -- February 2018, Leonard Lardaro Feb 2018

Rhode Island Current Conditions Index -- February 2018, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

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Microfinance And The Decision To Invest In Children’S Education, P.V. Viswanath Feb 2018

Microfinance And The Decision To Invest In Children’S Education, P.V. Viswanath

Faculty Working Papers and Articles

Although one of the primary objectives of microfinance has been the reduction of poverty through the provision of credit for income-generating purposes, evidence of its impact on poverty has been mixed. Even if there is no direct impact of microfinance, there may be an indirect positive impact through the effect of microcredit availability on families’ decisions to invest in their children’s education. In this paper, I describe a study undertaken to gauge the impact of microcredit availability on education expenditures for children of clients of a South Indian microfinance institution. I first look at some determinants of the demand for …

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2018 Updated Tables And Figures For Ec 846 Nebraska Cash Corn Prices And Basis Patterns, Jessica J. Groskopf, Cory Walters Feb 2018

2018 Updated Tables And Figures For Ec 846 Nebraska Cash Corn Prices And Basis Patterns, Jessica J. Groskopf, Cory Walters

Extension Farm and Ranch Management News

No abstract provided.

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Marriage, Labor Supply And The Dynamics Of The Social Safety Net, Hamish Low, Costas Meghir, Luigi Pistaferri, Alessandra Voena Feb 2018

Marriage, Labor Supply And The Dynamics Of The Social Safety Net, Hamish Low, Costas Meghir, Luigi Pistaferri, Alessandra Voena

Cowles Foundation Discussion Papers

The 1996 PRWORA reform introduced time limits on the receipt of welfare in the United States. We use variation by state and across demographic groups to provide reduced form evidence showing that such limits led to a fall in welfare claims (partly due to \banking” benefits for future use), a rise in employment, and a decline in divorce rates. We then specify and estimate a life-cycle model of marriage, labor supply and divorce under limited commitment to better understand the mechanisms behind these behavioral responses, carry out counterfactual analysis with longer run impacts and evaluate the welfare effects of the …

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Censored Quantile Instrumental Variable Estimation With Stata, Victor Chernozhukov, Iván Fernández-Val, Sukjin Han, Amanda E. Kowalski Feb 2018

Censored Quantile Instrumental Variable Estimation With Stata, Victor Chernozhukov, Iván Fernández-Val, Sukjin Han, Amanda E. Kowalski

Cowles Foundation Discussion Papers

Many applications involve a censored dependent variable and an endogenous independent variable. Chernozhukov et al. (2015) introduced a censored quantile instrumental variable estimator (CQIV) for use in those applications, which has been applied by Kowalski (2016), among others. In this article, we introduce a Stata command, cqiv, that simplifies application of the CQIV estimator in Stata. We summarize the CQIV estimator and algorithm, we describe the use of the cqiv command, and we provide empirical examples.

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Competing For Talent, Yuhta Ishii, Aniko Öry, Adrien Vigier Feb 2018

Competing For Talent, Yuhta Ishii, Aniko Öry, Adrien Vigier

Cowles Foundation Discussion Papers

In many labor markets, e.g., for lawyers, consultants, MBA students, and professional sport players, workers get offered and sign long-term contracts even though waiting could reveal significant information about their capabilities. This phenomenon is called unraveling. We examine the link between wage bargaining and unraveling. Two firms, an incumbent and an entrant, compete to hire a worker of unknown talent. Informational frictions prevent the incumbent from always observing the entrant’s arrival, inducing unraveling in all equilibria. We analyze the extent of unraveling, surplus shares, the average talent of employed workers, and the distribution of wages within and across firms.

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Benefit Relevant Indicators: Ecosystem Services Measures That Link Ecological And Social Outcomes, Lydia P. Olander, Robert J. Johnston, Heather Tallis, James Kagan, Lynn A. Maguire, Stephen Polasky, Dean Urban, James Boyd, Lisa Wainger, Margaret Palmer Feb 2018

Benefit Relevant Indicators: Ecosystem Services Measures That Link Ecological And Social Outcomes, Lydia P. Olander, Robert J. Johnston, Heather Tallis, James Kagan, Lynn A. Maguire, Stephen Polasky, Dean Urban, James Boyd, Lisa Wainger, Margaret Palmer

Economics

There is a growing movement in government, environmental non-governmental organizations and the private sector to include ecosystem services in decision making. Adding ecosystem services into assessments implies measuring how much a change in ecological conditions affects people, social benefit, or value to society. Despite consensus around the general merit of accounting for ecosystem services, systematic guidance on what to measure and how is lacking. Current ecosystem services assessments often resort to biophysical proxies (e.g., area of wetland in a floodplain) or even disregard services that seem difficult to measure. Valuation, an important tool for assessing trade-offs and comparing outcomes, is …

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What Factors Determine Thesubsidiary Mode Of Overseas R&D By Developing-Country Mnes? Empirical Evidence From Chinese Subsidiaries Abroad, Yanyu Wang, Wei Xie, Jizhen Li, Chenxi Liu Feb 2018

What Factors Determine Thesubsidiary Mode Of Overseas R&D By Developing-Country Mnes? Empirical Evidence From Chinese Subsidiaries Abroad, Yanyu Wang, Wei Xie, Jizhen Li, Chenxi Liu

PhD Student’s Publications Collection

This study examines the determinants of the subsidiary modes of overseas research anddevelopment (R&D) by Chinese multinational enterprises (MNEs). Based on resource-based view and absorptive capabilities, we propose that financial resources and technologi-cal resources have different effects on the selection of overseas R&D subsidiary modes,which are competence-exploiting mode or competence-creating mode. This is supportedby the empirical results in this paper using data from a survey of 40 Chinese overseasR&D subsidiaries. The results demonstrate that the parent firms with richer financialresources and more R&D expenses prefer the competence-exploiting mode, while the par-ent firms with more R&D personnel favor the competence-creating mode. …

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Estimating Efficiency In A Spatial Autoregressive Stochastic Frontier Model, Levent Kutlu Feb 2018

Estimating Efficiency In A Spatial Autoregressive Stochastic Frontier Model, Levent Kutlu

School of Economics and Finance Faculty Publications

The spatial autoregressive stochastic frontier model of Glass et al.(2016) is based on distributional assumptions on two-sided and one-sided error terms. After estimating the model parameters, the efficiency estimates need to be corrected due to the presence of spatial autoregressive term in their model. Glass et al.(2016) estimate the corrected efficiencies by employing ideas from a distribution-free method on the efficiency estimation, which may be sensitive to outliers. We propose an alternative way to correct efficiency estimates that is in line with the distribution-based methods.

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A Distribution-Free Stochastic Frontier Model With Endogenous Regressors, Levent Kutlu Feb 2018

A Distribution-Free Stochastic Frontier Model With Endogenous Regressors, Levent Kutlu

School of Economics and Finance Faculty Publications

We provide a guideline for estimating a distribution-free panel data stochastic frontier model in the presence of endogenous variables. In particular, we consider variations of the within estimator of Cornwell et al. (1990) to allow endogenous regressors.

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Peer Influence On Payout Policies, Binay K. Adhikari, Anup Agrawal Feb 2018

Peer Influence On Payout Policies, Binay K. Adhikari, Anup Agrawal

School of Economics and Finance Faculty Publications

Using a large sample of US public companies, we find robust evidence that firms’ payout policies, i.e., dividends and share repurchases, are significantly influenced by the policies of their industry peers. To overcome endogeneity problems, we employ instrumental variable techniques based on peers’ stock price shocks. Peer influence on payouts is more pronounced among firms that face greater product market competition and operate in better information environments. With regards to dividends, firms, especially smaller and younger firms, are more sensitive to industry peers that are similar to them in size and age. However, mimicking repurchases is concentrated among large and …

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Bayesian State Space Representation Model: Applications To Macroeconomics And International Finance, Hiroshi Morita Feb 2018

Bayesian State Space Representation Model: Applications To Macroeconomics And International Finance, Hiroshi Morita

Dissertations, Theses, and Capstone Projects

This dissertation develops three new econometric models using Bayesian state space representation model in order to apply to macroeconomics and international finance. It consists of 3 chapters. Chapter 1 develops a Markov mixture model of macroeconomic fundamentals to analyze the short-run dynamics of foreign exchange rates. In our model, foreign exchange rates are simultaneously determined by three parities: the interest rate parity, the inflation rate parity, and the equity return rate parity. Using four exchange rates: the U.S. dollar price of the British pound, the German mark, the Japanese yen, and the Canadian dollar, the findings are: (1) Our model …

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Essays On The Economics Of Driving And Health, Jessica Lynn Peck Feb 2018

Essays On The Economics Of Driving And Health, Jessica Lynn Peck

Dissertations, Theses, and Capstone Projects

This dissertation comprises three essays on the economics of driving and health. The first examines the effect of the ride-hailing service Uber, its launch in New York City in May 2011, and the resulting drunk-driving outcomes in the counties that received service compared with those that did not. The difference-in-differences estimation of this effect implies a 25 to 35 percent decrease in the alcohol-related collision rate for the affected New York City boroughs, or about 40 collisions per month. With differentiated treatment effects for each affected county, the difference-in-differences effect is higher for Manhattan, middling for the Bronx and Brooklyn, …

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Economics, Politics And The Environment, Ron Mandelbaum Feb 2018

Economics, Politics And The Environment, Ron Mandelbaum

Dissertations, Theses, and Capstone Projects

Classical economists were interested in macroeconomic issues, i.e. how the economy worked as a whole and how it grew over time. This is opposed to neo-classical economists, which focus on decision-making processes of individuals and individual firms. This thesis sets out to examine how that change occurred and what it means for the way that economics studies the environment. In order to provide a partial answer to this question, this paper describes the different outlooks between classical and neo-classical economists regarding value. It also examines and contrasts the economic approaches of Marx and Mill, whose way of thinking about social …

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Who's Afraid Of China?, Ishrat Husain Dr. Feb 2018

Who's Afraid Of China?, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

The China-Pakistan Economic Corridor (CPEC) has become the subject of an increasing number of conferences, op-ed pieces, and articles. The debate emanates from two strands: at the geopolitical level, OBOR is seen as a manifestation of China's ambitions to become a global power threatening the existing power structure; at the geo-economic level, CPEC presents both opportunities and risks for Pakistan. This article examines the significant benefits of CPEC—including addition of 10,000MW to Pakistan's energy generation capacity, highway construction linking Gwadar with Kashgar, and regional economic integration—while addressing common apprehensions about debt burden and Chinese economic domination, arguing that such concerns …

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Shifted Baselines Reduce Willingness To Pay For Conservation, Loren Mcclenachan, Ryunosuke Matsuura, Payal Shah, Sahan T.M. Dissanayake Feb 2018

Shifted Baselines Reduce Willingness To Pay For Conservation, Loren Mcclenachan, Ryunosuke Matsuura, Payal Shah, Sahan T.M. Dissanayake

Economics Faculty Publications and Presentations

A loss of memory of past environmental degradation has resulted in shifted baselines, which may result in conservation and restoration goals that are less ambitious than if stakeholders had a full knowledge of ecosystem potential. However, the link between perception of baseline states and support for conservation planning has not been tested empirically. Here, we investigate how perceptions of change in coral reef ecosystems affect stakeholders' willingness to pay (WTP) for the establishment of protected areas. Coral reefs are experiencing rapid, global change that is observable by the public, and therefore provide an ideal ecosystem to test links between beliefs …

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Essays On Environmental Conditions In Cuba, Gonzalo Cordova Feb 2018

Essays On Environmental Conditions In Cuba, Gonzalo Cordova

Dissertations, Theses, and Capstone Projects

Cuban environmental conditions have not attracted the attention received by otherareas of Cuba's economic performance. Chapter 1 examines selected ambient air pollutants and the use of fossil fuels in Cuba, indicators for which there are relatively better available data, as of the “Special Period” extending into recent years. In contrast with prior anecdotally-driven approaches, the empirical examination aims to specifically identify Cuba's performance and international standing on these indicators through the use of a heterogeneous individual country adaptation of the income-pollution relationship known as the Environmental Kuznets Curve. In response to critiques in the literature, extensive testing of the panel …

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Borderplex Business Barometer, Volume 2, Number 2, Thomas M. Fullerton Jr., Adam G. Walke, Omar Solís, Esmeralda P. Muñiz Feb 2018

Borderplex Business Barometer, Volume 2, Number 2, Thomas M. Fullerton Jr., Adam G. Walke, Omar Solís, Esmeralda P. Muñiz

Border Region Modeling Project

No abstract provided.

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How Fair Is The New York State Education Aid System?, John Yinger, Emily Gutierrez Feb 2018

How Fair Is The New York State Education Aid System?, John Yinger, Emily Gutierrez

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.

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Free Trade Agreements And Volatility Of Stock Returns And Exchange Rates: Evidence From Nafta, Bram Daelemans, Joseph P. Daniels, Farrokh Nourzad Feb 2018

Free Trade Agreements And Volatility Of Stock Returns And Exchange Rates: Evidence From Nafta, Bram Daelemans, Joseph P. Daniels, Farrokh Nourzad

Economics Faculty Research and Publications

This paper uses GARCH models and daily data to investigate the effect of the Canada – U.S. Free Trade Agreement (CUSFTA) and NAFTA on the volatility of, and the relationship between stock market returns and changes in bilateral exchange rates of the member countries. Empirical results indicate that the CUSFTA had a stabilizing effect on the Canadian and U.S. equity markets while increasing the volatility of the CAD/USD exchange rate. NAFTA further reduced the two stock markets’ volatility, however unlike CUSFTA, NAFTA also reduced the volatility of the CAD/USD exchange rate. Additional results indicate that during NAFTA, the Mexican stock …

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Trail Usage And Value - A Helena, Mt Case Study, Jeremy L. Sage, Norma P. Nickerson Feb 2018

Trail Usage And Value - A Helena, Mt Case Study, Jeremy L. Sage, Norma P. Nickerson

Institute for Tourism and Recreation Research Publications

The Mt. Ascension and Mt. Helena trail network provide a valuable outdoor recreation amenity to residents of, and visitors to, Helena. This report identifies the use and value of the trail system. Though 78 percent of trail use is by local residents, visitors to the region who used the trail system for hiking or biking spent over $4 million in the local area in the summer of 2017 (May-September).

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Avoiding The Crisis, Ishrat Husain Dr. Feb 2018

Avoiding The Crisis, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Economists are notorious for invariably making wrong or inaccurate forecasts. I would, therefore, not indulge in predicting what is to happen in 2018. Rather, I would look at the past trends, present situation, global economic environment and the likely domestic political and economic developments in the coming year and make some conditional informed guesses.

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Impact Of Electrification On Children's Nutritional Status In Rural Bangladesh, Tomoki Fujii, Abu S. Shonchoy, Sijia Xu Feb 2018

Impact Of Electrification On Children's Nutritional Status In Rural Bangladesh, Tomoki Fujii, Abu S. Shonchoy, Sijia Xu

Research Collection School Of Economics

Access to electricity has the potential to improve the nutritional status of children by a variety of pathways such as increased wealth, reduced fertility through the change in time use, spread of information through technology such as TV, and improved health care services. Yet, the relationship between electrification and children’s nutritional status is rarely explored in the literature. We attempt to fill this lacuna by offering microeconometric evidence from rural Bangladesh, where a rapid expansion of electrification and significant improvement in children’s nutritional status were observed in the past two decades. We find that access to electricity has a positive …

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Integrated Deviance Information Criterion For Latent Variable Models, Yong Li, Jun Yu, Tao Zeng Feb 2018

Integrated Deviance Information Criterion For Latent Variable Models, Yong Li, Jun Yu, Tao Zeng

Research Collection School Of Economics

Deviance information criterion (DIC) has been widely used for Bayesian model comparison, especially after Markov chain Monte Carlo (MCMC) is used to estimate candidate models. This paper studies the problem of using DIC to compare latent variable models after the models are estimated by MCMC together with the data augmentation technique. Our contributions are twofold. First, we show that when MCMC is used with data augmentation, it undermines theoretical underpinnings of DIC. As a result, by treating latent variables as parameters, the widely used way of constructing DIC based on the conditional likelihood, although facilitating computation, should not be used. …

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