Economics Commons^™

Rhetoric And Authority In A Polarized Transition: The Development Of China’S Stock Market, Yuan Li, Sandy E. Green, Paul M. Hirsch

School of Economics and Business Administration Faculty Works

How do actors in positions of authority attempt to justify their right to rule while introducing controversial institutional practices that potentially delegitimate their authority? China’s reform leaders have found themselves in a legitimacy conundrum when they established and developed the stock market, yet have been able to assert a central role for the party-state in managing the stock market. Using a critical rhetorical perspective, we analyze how actors use “rhetorical genres,” that is, argumentation and narration with differing content and style, to construct new roles of the speaker and speaker–audience relationships that imply new bases of authority, and how these …

The Impact Of Government Debt On Macroeconomic Indicators: Evidence From G7 And Asean Countries, Amani Ahmed Alzahrani

Masters Theses

Government debt continues to be a critical economic policy issue, which largely affects both developed and developing countries, due to elevated level of debt. From a general viewpoint, government debt is a crucial feature of a country's financial system and a major indicator that contributes to the formation of a country's reputation in the international market.

This paper investigates the impact of government debt on certain macroeconomic and wellbeing indicators in a group of industrialized and developing countries. That is, the study seeks to examine how government debt influences GDP per capita, domestic and foreign investment, and HDI in both …

The Economic Impact Of The Oso Landslide: A Hedonic Approach, Sarah Pratt

All Master's Theses

Mass wasting, or landslides, commonly occurs in Washington State, posing risk to individuals residing in the area. The 2014 Oso landslide, the deadliest mass-wasting event in United States history, increased awareness for mass-wasting hazards in western Washington. Studying single-family homes from 2004-2017, this research uses a hedonic property model to measure consumer willingness to pay for a home in a mass-wasting hazard area after the Oso landslide and finds that home values in Snohomish County decreased by 11% after the Oso disaster.

Long-Run Linkages Of Asean+3 Floating Currencies, Cesar C. Rufino

DLSU Business & Economics Review

The extent with which currencies of the expanded ASEAN grouping commonly known as the ASEAN+3 have attained long-run currency linkages—an important requisite for an eventual monetary integration—is the main focus of this study. High-frequency interbank call rates (nominal exchange rate vis-à-vis the US dollar) data on seven floating currencies of the region with sufficient historical time series covering the period of 1998 to 2012 (weekly: January 7, 1998, to December 26, 2012—average of bid and ask rates on Wednesdays) constitute the primary database of the study. The goal is to establish through cutting-edge econometric procedures three crucial outcomes: the bilateral …

Asean Bond Market Integration: What Drives Cross-Border Bond Investment In Asean?, Angelo Taningco

DLSU Business & Economics Review

Bond market integration in the Association of Southeast Asian Nations (ASEAN) appears to be relatively low or weak especially in terms of intraregional bond investment despite the robust growth in bond market size in recent years and policy initiatives in support of developing bond markets in the region. This paper aims to contribute to the literature on ASEAN financial integration by providing empirical evidence and policy insights on what can help boost intra-ASEAN bond investment. Using panel regression following a gravity model framework and spanning five major ASEAN member countries—Indonesia, Malaysia, the Philippines, Singapore, and Thailand—over the 2001–2014 period, this …

Is A Regional Credit Rating Agency For The Asean Feasible?, Tereso S. Tullao Jr, Christopher James R. Cabuay,, Daniel S. Hofileña

DLSU Business & Economics Review

In the spirit of deepening the bond markets of the ASEAN+3 region, as well as addressing the inadequacies put forth by the underrating of bonds by global credit rating agencies (GCRAs) and their lack of recognition of domestic CRAs’ (DCRAs) ratings, we look into the feasibility of a regional CRA (RCRA). Establishing an RCRA is faced with hurdles related to institutional and reputational constraints, mechanisms of information exchange, compatibility of financial reports, operational limitations, governance structure, and regulatory frameworks. In this light, we provide a brief discussion on potential alternatives such as the credit ratings initiative of the National University …

Testing The Assumptions Of Slippery Slope Framework On Tax Compliance: Evidence From Nigerian Smes, Augustine Ayuba, Natrah Saad, Zaimah Zainol Ariffin

DLSU Business & Economics Review

This paper integrates the assumptions of the Slippery Slope Framework in explaining the tax compliance of small and medium enterprises. This study tests these assumptions in relation to SMEs taxpayers to further reestablish the applicability of the framework with different kinds of taxpayers. Partial Least Squares Structural Equation Modeling (PLS – SEM) further supported the framework in analyzing the data of this study. The findings reveal that perceived corruption along with perceived service orientation strongly interact each other in expounding the paradox surrounding tax compliance.

Modifikasi Pembobotan Systemic Important Score Dengan Principal Component Analysis, Samsul Anwar

Jurnal Ekonomi dan Pembangunan Indonesia

The Financial Services Authority regulation No.46/POJK.03/2015 states that the calculation of Systemic Important Score (SIS) of a bank uses the same weighting for all three indicators: size, interconnectedness, and complexity. It disowns the possibility that one those indicators may give more contribution in determining the data structure of SIS assessment component than the others. This study offers an alternative weighting system to calculate SIS. The weighting system is based on eigenvectors of Principal Component Analysis by starting with standardizing the data. The simulation results show that the order of banking systemic levels in Indonesia from the highest are banking BUSN …

Analisis Pola Konsumsi Pangan Berdasarkan Status Ipm Di Jawa Timur, Dewi Mayasari, Dias Satria, Iswan Noor

Jurnal Ekonomi dan Pembangunan Indonesia

The objectives of this article are (1) to analyze the influence of socio economic characteristics in influencing patterns of food consumption by HDI and (2) Analyze demand responses (elasticity) of East Java household to food prices and income changes. Linear Approximation Almost Ideal Demand System (LA/AIDS) and elasticity are used to answer the objectives by using microdata Susenas 2016. The result indicates that generally, socio economic characteristics contribute substantially in determining household food consumption patterns and based on their elasticity values, food commodities in East Java are price inelastic and more responsive to income changes.

The Dark Past Of Rhode Island In New Light, Yulyana Torres, Marcus Nevius

Dignity: A Journal of Analysis of Exploitation and Violence

No abstract provided.

Market Ambiguity And Individual Investor Information Demand, Rajib Hasan, Abdullah Kumas, Joyce Van Der Laan Smith

Accounting Faculty Publications

We examine whether ambiguity in the market leads to an increase in information demand by individual investors. Drawing on the asset-pricing model proposed by Mele and Sangiorgi (2015), which incorporates market ambiguity, we measure individual information demand using daily Google searches and measure market ambiguity using a metric based on the market trades of institutional investors. We find that individual investors increase their information demand during periods of greater market ambiguity. We also provide evidence that information demand from individual investors spikes around earnings announcement days primarily when market uncertainty is driven by net-selling activity. Overall, these results suggest that …

A Study Of Long-Lived Asset Impairment Under U.S. Gaap And Ifrs Within The U.S. Institutional Environment, Philip K. Hong, Daniel Gyung Paik, Joyce Van Der Laan Smith

Accounting Faculty Publications

This paper explores whether differences in accounting standards influence reporting behavior within the U.S. institutional environment where both IFRS and U.S. GAAP are used for reporting purposes. We focus on the accounting for impairment of long-lived assets, an area where significant differences exist between U.S. GAAP and IFRS. We identify all U.S.-listed firms who have recognized long-lived asset impairment losses during the 2004–2012 period. From these firms, we identify firms following IFRS, then develop a matched sample of U.S. GAAP firms, using a propensity score matching procedure. We examine the relation between impairment loss and unexpectedly high or low earnings …

The Association Between Audit Fees And Accounting Restatement Resulting From Accounting Fraud And Clerical Errors, Daniel Gyung Paik, Taewoo Kim, Kip Krumwiede, Brandon B. Lee

Accounting Faculty Publications

Restatements of financial reporting arise from many sources including changes in accounting rules, changes in reporting entity, accounting errors, and fraud (or “irregularities”). Theory predicts that audit effort (measured by audit fees) and financial report restatements should be negatively associated because more audit effort means that auditors should be more likely to find errors or other issues that could lead to later restatement (Shibano 1990; Matsumura and Tucker, 1992; Lobo and Zhao, 2013). However, other studies have found either a positive association or no association between audit fees and subsequent restatements (Kinney et al., 2004; Stanley and DeZoort, 2007; Cao …

The Price Of Scottish Independence: Why Remaining A Part Of The Uk Still Makes Sense In The Wake Of Brexit, Lincoln Wilcox

Sigma: Journal of Political and International Studies

No abstract provided.

The Impact Of Fiscal Policy On Economic Growth: Empirical Evidence From Four South Asian Countries, Tasnia Symoom

Masters Theses

There is a constant debate about the effectiveness of fiscal policy on economic growth of developing countries. Policy makers in developing countries generally attempt to address socioeconomic issues such as poverty, unemployment, hunger, poor investment, and illiteracy while adjusting the levels of public spending and determining tax rates. This thesis examines the impact of fiscal policy on economic growth in four countries of South Asia. For reasons of data availability I choose four of these countries – Bangladesh, India, Pakistan, and Sri Lanka – for the period 1980 to 2016. I use the Error Correction Model (ECM) and Autoregressive Distributed …

Shocks Pass-Through To Prices In U.S. And Canada: Evidence From Oil And Exchange Rate Markets, Eiman Aiyash

Masters Theses

This paper investigates the degree of exchange rate and oil prices pass-through to import prices, producer prices, and consumer prices in Canada and United States over the period from 1980 to 2017 using a Structural Vector Auto-Regression (SVAR) model. The results indicate a robust evidence of a positive long-run correlation between exchange rate & oil prices and aggregate price levels. Impulse response function reveals a persistent and incomplete pass-through for both exchange rates and oil prices i.e. 0.20 and 0.04 for Canada and 0.27 and 0.25 for the U.S. That is, greater pass-through exist in an economy which has a …

Investigating The Impact Of Foreign Direct Investment On Domestic Investment In Sub-Saharan Africa: A Case Study Of Kenya And South Africa, George Anaman

Masters Theses

In the progression towards economic growth, countries consider investment as a critical feature in raising productivity levels by boosting technological progress and reducing the unemployment rate. In recent years, the government of South Africa and Kenya have both enacted policies to entice Foreign Direct Investment (FDI) in the view of creating more jobs and bolstering the economy. However, in the bid to attract these foreign investors, FDI may either end up complementing or stifling local investments over time. From this perspective, the objective of the study is to investigate the impact of FDI on Domestic Investments in Sub-Saharan Africa (SSA) …

Women Autonomy In Household Decisionmaking In Nigeria: Analysis Of 2013 Demographic And Health Survey Data, Temiyemi Akinsuyi

Masters Theses

Wealth generated in a household unit is very instrumental to the economy at large through involvement in economic activities. A modest step to improving women's voices and participation in the society is to allow them a full range of choices. Consequences of limiting the rights of women is detrimental to households, communities and the economy at large. The specific objective of this study is to examine the association between women's autonomy and household decision making. I do this by analyzing the data from the 2013 Nigeria Demographic and Health Survey. The methodology employed in investigating this relationship is the Ordered …

Stuck In The Anthropocene: The Problem Of History, Theory And Practice In Jason W. Moore And John Bellamy Foster's Eco-Marxism, Alexander M. Stoner, Andony P. Melathopoulos

Journal Articles

No abstract provided.

Religious Identity Formation: Constraints Imposed On Religious Institutions And Implications For The Meaning Of Religious Affiliation, Marc Von Der Ruhr, Paul Ngo, Joseph P. Daniels

Economics Faculty Research and Publications

Religiosity in the United States remains a strong social force. The United States persistently demonstrates higher religious participation than Europe. Some recent trends documented by the Pew Research Center in its 2008 and 2015 publications on the U.S. religious landscape, however, cite evidence that different religious groups are experiencing very different trends in participation. These trends show a recent and significant decline among many moderate Protestant denominations but a modest increase in participation at fundamentalist churches. The Pew Research Center similarly documents significant inconsistencies between what a religious hierarchy teaches versus what individuals personally choose to believe. For example, and …

Employee Retention Strategies In Trinidadian Small Enterprises, Alicia Singh

Walden Dissertations and Doctoral Studies

Organizational leaders face obstacles stemming from the lack of employee retention. An ineffective retention strategy can result in the loss of employees and the loss of institutional knowledge. Lack of appropriate retention strategies can negatively impact the reputation of the organization and ultimately affect the financial standing of an organization. Grounded by Herzberg's 2-factor theory, the purpose of this multiple case study was to explore strategies small retail business managers in Trinidad used to retain employees. I collected data through face-to-face semistructured interviews with 5 small business managers and a review of company documents. Data were analyzed using methodological triangulation, …

Urpe 50th Anniversary, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. Urpe 50th anniversary conference notes (Unpublished manuscript).
• Shaikh, A. Notes on presentations by laurie nissonoff and heidi hartmann (Unpublished manuscript).
• Shaikh, A. Notes on presentations by ahmet, hao qi, and emiliano lopez (Unpublished manuscript).
• Shaikh, A. Notes on currency devaluation, nafta, and pharmaceutical production (Unpublished manuscript).
• Shaikh, A. Notes on tribalism, capitalist flexibility, and the development of socialism (Unpublished manuscript).

Compliance With Imf Austerity: Labor Rights, Protest, And Repression, Brendan Skip Mark

Graduate Dissertations and Theses

This dissertation explores the domestic consequences of International Monetary Fund (IMF) program lending. It argues that when governments implement austerity reforms attached to IMF loans it increases human rights violations and violence in borrower governments. A new measure of IMF compliance is developed and used to explore the consequences of IMF lending in the 21st century. Past research exploring IMF lending consequences has assumed compliance away. While IMF program lending is largely seen as a failure there is significant debate about the causes of failure. Human rights scholars have argued that austerity policies impose significant hardships on citizens in borrower …

The Role Of Indicators In Promoting Gender Equality Through The Millennium And Sustainable Development Goals, Sara Rose Taylor

Theses and Dissertations (Comprehensive)

With the global rise of evidence-based policy, indicators have become an increasingly important part of governance. Indicators are statistics that represent social experiences, turning complex norms into simplified representations. Although seemingly objective, indicators reflect the values and beliefs of the actors who create them. An indicator’s normative underpinnings have significant consequences for social governance and policy because of an indicator’s power to shape understanding. This multi-manuscript dissertation analyzes the impact of governance by indicators as seen in the Millennium and Sustainable Development Goals (MDGs and SDGs), two major United Nations initiatives in the field of global social governance. The focus …

Exploring Critical Success Factors Of Community Development Projects, Kevin Wanjama Muchiri

Engineering Management & Systems Engineering Theses & Dissertations

The utilization of Community Development Projects in developing nations continues to increase in significance. In the wake of the latest Sustainable Development Goals, developing nations are working towards eliminating poverty, promoting sustainable cities and communities, gender equality, and health and well-being. Although Community Development Projects have become prevalent, the challenge has been that some are successful, while others fail. This dissertation investigates what makes Community Development Projects successful.

This dissertation implemented a comprehensive quantitative analysis using data collected from over one hundred community development projects obtained from The World Bank database. These projects took place in developing nations around the …

The Role Of Automatic Mood On Risk Appetite, Makail Johannesson

Honors Theses

Numerous studies over the past few decades have indicated links between subtle psychological influences and decision-making. It is often thought that individuals make conscious choices based on their preferences regardless of whether those preferences are optimal or not. However, it has been shown that most of our behaviors, judgements, and decisions are often a product of unconscious influences. These influences are significant in both simple and complex life situations, including the realm of financial decision making. In this experiment, participants primed with positive evaluative stimuli reported a more positive mood while those primed with negative evaluative stimuli reported a more …

The Dodd-Frank Act And Its Impact On Community Bank Mortgage Lending, Margaret Schorgl

Honors Theses

I investigate the impacts of additional regulatory burdens on community bank mortgage lending due to the Dodd-Frank Act. The Dodd-Frank Act, which was signed into federal law by President Barack Obama on July 21, 2010, was intended to protect consumers, promote financial stability, and reduce the risk associated with larger banks being too-big-to-fail. However, one criticism of the Act is that the increased regulations and compliance costs under the Act have made it increasingly difficult for smaller banks to survive. As a result, an unintended consequence of the Dodd-Frank Act is that smaller banks may issue fewer loans than they …

Crime And The Business Cycle In Mississippi, Taylor Thrasher

Honors Theses

This thesis examines the relationship between crime and the business cycle in Mississippi. Working with a theoretical model of the individual's decision to commit a crime, I show that an increase in legal income decreases an individual's propensity to commit crime. I then use regressions to estimate the long-run and short-run income elasticities of violent crime, burglary, larceny, and vehicle theft. The long-run empirical model shows how income growth effects crime growth, and the short-run empirical model shows how income variability effects crime variability. In the long run, I find that as income increases (decreases), both burglary and larceny decrease …

The Future Was A Riot: Causes Of Youth Unemployment In Spain And Challenges To Immigration And The Welfare State In The Era Of The Common Market (1999-2016), Andrew Hayes

Honors Theses

The purpose of this thesis is to exam the causes behind unusually high youth unemployment in Spain, even after the 2007-8 financial crisis has subsided. The primary means of investigating these causes is through constructing a set of empirical models and then using these models to perform several time-series regressions to find whether changes in educational patterns, demographics, and immigration have had any concrete effect on the youth unemployment rate and social capital. Some qualitative work is done; particularly in describing the legal structure surrounding unemployment and in the description of the Spanish welfare state. In my research, I find …

An Analysis Of Mississippi Tax Incentives, Bruce H. Brawner

Honors Theses

The locational decisions of firms present a complex economic and political problem for State Legislatures across the United States of America. It is well known that individual states compete against one another, offering large packages of incentives to firms who open within their borders — a process popularly known as the race to the bottom. This thesis examines public subsidy information reported by the Mississippi Development Authority alongside wage and employment data from 1990 to 2016 in a local projection framework to examine whether or not treatment effects of local government spending are significant. I then employ the same method …