Economics Commons^™

Essays On Education And Crime, Swarup Joshi

LSU Doctoral Dissertations

Education is considered one of the most important tools for success in the labor market. The benefits of education extend to multiple other externalities. However, access to education is not universal even within the same school, county, and state. This dissertation includes three different essays which looks at the literature on intervention programs, an intervention program to increase access to post secondary education, and impact of education on crime. The first chapter investigates the literature on intervention programs, their costs and impacts. It also discusses the literature connecting education and crime. The second chapter details the intervention program studied in …

Methodological Differences Cannot Explain Associations Between Health, Anthropometrics, And Excess Resting Metabolic Rate, Michael Gurven, Benjamin Trumble, Jonathan Stieglitz, Dan Cummings, Hillard Kaplan, Aaron D. Blackwell, Gandhi Yetish, Herman Pontzer

ESI Publications

"We appreciate Ocobock's interest in methodological rigor. We largely agree with her commentary, which suggests that departures from standard protocols might have contributed to the high resting metabolic rate (RMR) measured for Tsimane. Indeed, our paper acknowledges many of the key departures from gold-standard indirect calorimetry methods of RMR assessment and attempts to adjust for several of these (Gurven et al., 2016). Bringing standard clinical methods into remote field settings often involves certain compromises, especially in our case, where RMR measurement was just one component of a large-scale health and aging project (Gurven et al., 2017). RMR data collection was …

The Price Of Public Land: An Analysis Of Visitor Responsiveness To National Park Entrance Fees, Emily Claire Schill

Undergraduate Honors Theses

This study assesses the consumer response to changes in entrance fees at 27 of the United States National Park System sites over the past 25 years. The elasticity of demand portion of this study analyzes the relationship between monthly attendance and per-vehicle entrance fees charged at each of the 27 national parks from 1993 to the present. Although this study finds no statistically significant correlation between attendance and admission price from 1993-2006, it does identify a significant negative correlation over the past twelve years. This study also identifies varying responses to changes in admission price by different socioeconomic demographic groups. …

Evaluating The Impact Of Federal R&D Spending On Patent Registration: A Nasa Case Study, Jack Davis

Undergraduate Honors Theses

This paper examines the question of what impact federal R&D spending has on patent registration and future technological innovation. Because the causal relationship between federal R&D and patent grants is difficult to determine given aggregate trends and endogeneity, I use the sharp changes in NASA R&D funding between 1959 and 1975 as an interrupted time series. These unique circumstances, caused by the Space Race, make this time period a valuable event study in which to consider the impact of federal R&D. 1,996 unique patents granted to NASA and NASA-affiliates are considered, as well as an additional 19,845 unique patents which …

Working Paper No. 03, Thorstein Veblen And The Vested Interests, Lauren Sweger-Hollingsworth

Working Papers in Economics

This inquiry seeks to establish the importance of "vested interests" as introduced and relied upon within Thorstein Veblen’s system of reasoning. Veblen considers vested interests from two different perspectives in his 1919 book The Vested Interests and the Common Man. First, Veblen considers the relationships between vested interests and what he terms “the business enterprise”. Veblen takes a historical view, relating vested interests to lingering laws and customs of an old era that continue to be applied in modern times. In addition, Veblen considers vested interests and "the divine right of nations", which he connects to the historical institution of …

Working Paper No. 11, The 'Green' New Deal In Light Of Roosevelt's New Deal, Gabriel Duvidovich

Working Papers in Economics

This inquiry seeks to establish that the current proposal for a Green New Deal shares similarities and dissimilarities with Roosevelt´s New Deal. The House Resolution submitted to Congress at the beginning of 2019 proposes public policies that aim to address global warming, inspired by how Franklin Roosevelt´s New Deal addressed the Great Depression. The first part of this essay will analyze the origin and the main policies of Roosevelt´s New Deal. Moreover, the article will examine the policy foundations proposed on the Green New Deal House Resolution. Finally, the inquiry will try to understand the connections between the original New …

Working Paper No. 19, Werner Sombart And National Socialism, Jenica M. Kramer

Working Papers in Economics

This inquiry seeks to establish that Werner Sombart serves as an example of an exponent of the German Historical School of Economic Thought who joined the National Socialists. This thesis is explored in three sections. The first examines the historical context in which Sombart was reared, considering aspects of his family life, economic class, education, and early academic career. In addition, this section explores Sombart’s relations to the Historical School and his mentor Gustav Schmoller, as well as Sombart’s relation to Marxism and socialism. The second section of this inquiry seeks to trace the changes in Sombart’s ideology that eventually …

"I Think Of The Future": The Long 1850s And The Origins Of The Americanization Of The World, Joshua Taylor

USF Tampa Graduate Theses and Dissertations

While historians often point to the rise of the United States as a major global player and technological leader on the world stage in the 1890s and early 1900s, this study argues it was the 1850s, not the 1890s, that this transition occurred. It utilizes transnational methodologies to analyze European perceptions of the United States, American international businessmen, and new ways Americans thought and talked about their place in the world. During the 1850s, European travelers to the United States began to recognize the young nation was taking the lead in technological innovation, while American businessmen like Samuel Colt began …

Climate Change And Occupational Health: Can We Adapt?, Marcus Dillender

Upjohn Institute Policy and Research Briefs

No abstract provided.

A Tall Ship: The Rise Of The International Mercantile Marine, Jeffrey N. Brown

USF Tampa Graduate Theses and Dissertations

Between 1890 and the outbreak of the Great War in 1914, nations on both sides of the Atlantic attempted to gain prestige by building the world's greatest steamships for their merchant marines. In 1901, the United States entered this competition with the advent of J.P. Morgan's International Mercantile Marine, which built on the previous work of shipping magnate Clement Griscom. This project will explore why and how Morgan built his monopoly and the implications and repercussions this project had for both Atlantic shipping and U.S. foreign relations. Moving beyond Morgan the man, it also tells the story of the key …

Nebraska Farm Real Estate Values Continue Gradual Declines In 2019, Jim Jansen, Jeffrey Stokes

Cornhusker Economics

The market value of agricultural land in Nebraska declined by three percent over the prior year to an average of $2,650 per acre according to the 2019 Nebraska Farm Real Estate Market Survey (Figure 1 and Table 1). This marks the fifth consecutive year of downward pressure as market values have dropped approximately 20 percent since reaching a high of $3,315 in 2014.

The University of Nebraska-Lincoln Department of Agricultural Economics annually surveys Nebraska land professionals including appraisers, farm and ranch managers, and agricultural bankers. Results from the survey are divided by land class and summarized by the eight Agricultural …

Celtic Tiger Ireland As A Case Study In The Practical Application Of Neoliberal Economic Policy, Natalie Sneed

Honors Program: Senior Projects (Public)

The Celtic Tiger economic boom, which occurred in Ireland from approximately 1987 to 2009 has generally been considered one of the most remarkable economic turnarounds in any country in the modern era. My purpose in this project was to identify the primary causes and effects of such rapid and dramatic economic growth and development to determine whether it is sensible for other countries emerging from colonial rule to seek to emulate the Irish economic model. Through a review of the economic literature on the Irish economy in the last three decades, I identify Ireland’s implementation of a neoliberal economic policy …

March Madness: Ncaa Tournament Participation And College Alcohol Use, Dustin R. White, Benjamin W. Cowan, Jadrian J. Wooten

Economics Faculty Publications

While athletic success may improve the visibility of a university to prospective students and thereby benefit the school, it may also increase risky behavior in the current student body. Using the Harvard School of Public Health College Alcohol Study, we find that a school's participation in the NCAA Basketball Tournament is associated with a 47% increase in binge drinking by male students at that school. Additionally, we find evidence that drunk driving increases by 5% among all students during the tournament. (JEL I12, I23, Z28)

An Index Of Unfairness, Victor H. Aguiar, Roland Pongou, Roberto Serrano, Jean-Baptiste Tondji

School of Economics and Finance Faculty Publications

The Shapley distance is introduced as a measure of the extent to which output sharing among the stakeholders of an organization can be considered unfair. In fact, it measures the distance between an arbitrary pay profile and the Shapley pay profile under a given technology, the latter profile defining the fair distribution. Therefore, this chapter contributes to the literature that studies economic inequality using game theory. In particular, we provide an axiomatic characterization to a notion of unfairness, namely the Shapley distance, and show that it can be used to determine the outcome of an underlying bargaining process. We also …

Salience And Social Choice, Mark Schneider, Jonathan W. Leland

ESI Working Papers

The axioms of expected utility and discounted utility theory have been tested extensively. In contrast, the axioms of social welfare functions have only been tested in a few questionnaire studies involving choices between hypothetical income distributions. In this note, we conduct a controlled experiment with 100 subjects in the role of social planners that tests five fundamental properties of social welfare functions to provide a basic test of cardinal social choice theory. We find that four properties of the standard social welfare functions tested are systematically violated, producing an Allais paradox, a common ratio effect, a framing effect, and a …

Impact Of A Local, Coastal Community Based Management Regime When Defining Marine Protected Areas: Empirical Results From A Study In Okinawa, Japan, Payal Shah, Sahan T.M. Dissanayake, Yoko Fujita, Paulo A.L.D. Nunes

Economics Faculty Publications and Presentations

No abstract provided.

"The Great Debate" 2019 - Brookings V. Unlv Debate Team, Brookings Mountain West, University Of Nevada, Las Vegas

Brookings Scholar Lecture Series

Brookings Mountain West, in partnership with the UNLV Debate Team, was proud to host the inaugural UNLV - Brookings Institution event, “The Great Debate.” Representatives from the nationally ranked UNLV Debate Team engaged colleagues from the Brookings Institution in a battle of ideas and policy positions destined to be remembered as one of the great intellectual forums of the 21st century. Featured speakers participated in a modified format of intercollegiate debate rules that allowed teams and individual members the opportunity to craft their arguments and responses in an open and respectful exchange of information to persuade, inform, and entertain audience …

Things To Consider Before Co-Signing A Loan, J. David Aiken

Cornhusker Economics

Parents co-signing loans for their children is common in agriculture. This usually happens when the child needs a loan to purchase land, livestock, or farm equipment. Lenders are more willing to make the loan to a beginning producer if the parents co-sign. This means the parents promise to repay the loan if the younger producer cannot. Parents have been doing this as a way to help their kids get started in agriculture for decades. If the child turns out to be an effective producer, the risk of the parents being on the hook for the unpaid loan balance is pretty …

Breaking Ties: Regression Discontinuity Design Meets Market Design, Atila Abdulkadiroğlu, Joshua D. Angrist, Yusuke Narita, Parag A. Pathak

Cowles Foundation Discussion Papers

Many schools in large urban districts have more applicants than seats. Centralized school assignment algorithms ration seats at over-subscribed schools using randomly assigned lottery numbers, non-lottery tie-breakers like test scores, or both. The New York City public high school match illustrates the latter, using test scores and other criteria to rank applicants at \screened” schools, combined with lottery tie-breaking at unscreened \lottery” schools. We show how to identify causal effects of school attendance in such settings. Our approach generalizes regression discontinuity methods to allow for multiple treatments and multiple running variables, some of which are randomly assigned. The key to …

Effects Of Change In Relative Prices In Existing Decompositions Of Aggregate Labor Productivity Growth: A Resolution Of The Aggregate Effect, Jesus C. Dumagan

Angelo King Institute for Economic and Business Studies (AKI)

Diewert (2015) reworked Tang and Wang’s (2004) growth decomposition and claimed that: “Thus even if all industry labor productivity levels remain constant and all labor input shares remain constant, economy wide labor productivity growth can change due to changes in industry real output prices (italics added)” (p. 370). However, contrary to his 2015 claim, Diewert (2016) found “puzzling” results from Australian data where the sum of price change effects across industries did not matter much and explained this puzzle by an approximation formula that showed price effects sum to zero with the first-order accuracy. In contrast, this paper derives the …

Essays On Health, Healthcare, Job Insecurity And Health Outcomes, Ichiro Nakamoto

USF Tampa Graduate Theses and Dissertations

This doctoral dissertation proposal is comprised of three separate chapters, all of which uses the nationally representative uniform survey Health and Retirement Survey (HRS) to examine the relationship between health, insurance, health care and health outcomes. Below, the brief introduction for each section is provided:

 Chapter I: Medicare Part D and Patients' Well-being

 Chapter II: Parent's Health Insurance and Informal Care

 Chapter III: Job Insecurity and Health (with Dr. Ayyagari)

In chapter I, I explore how Medicare Part D (MD) affects the well-being of the severely sick patients both in the short- and in the long- term. …

Rhode Island Current Conditions Index -- March 2019, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Nebraska Business And Consumer Confidence Indexes: March 1, 2019, Eric Thompson

Leading Economic Indicator Reports

Consumer and business confidence remained strong in Nebraska during February 2019. The Consumer Confidence Index – Nebraska (CCI-N) stood at 103.2 in February, above the neutral value of 100 and just below the value of 104.0 in January 2019. The Business Confidence Index – Nebraska (BCI-N) stood at 108.2 in February, well above the neutral level and up from 107.4 in January. When asked about the most important issue facing their business, 29 percent of respondents chose customer demand while 27 mentioned the quality and availability of labor and 13 percent mentioned competition from other businesses. Fifty-three percent of responding …

Budget Magic: The Gathering For Beginners, Todd W. Neller

Computer Science Faculty Publications

In this talk, Neller overviewed budget-friendly entry points to playing Magic: The Gathering (M:TG) after its first quarter-century of success. Noting the ways in which M:TG players have applied head-designer Mark Rosewater’s “restrictions breed creativity” lesson, he celebrated their creative formats that push back against expensive “pay to win” dynamics.

Dynamic Credit Default Swap Curves In A Network Topology, Xiu Xu, Cathy Yi-Hsuan Chen, Wolfgang Karl Härdle

Sim Kee Boon Institute for Financial Economics

Systemically important banks are connected and their default probabilities have dynamic dependencies. An extraction of default factors from cross-sectional credit default swap (CDS) curves allows us to analyze the shape and the dynamics of default probabilities. In extending the Dynamic Nelson Siegel (DNS) model to an across firm multivariate setting, and employing the generalized variance decomposition of Diebold and Yilmaz [On the network topology of variance decompositions: Measuring the connectedness of financial firms. J. Econom., 2014, 182(1), 119–134], we are able to establish a DNS network topology. Its geometry yields a platform to analyze the interconnectedness of long-, middle- and …

The Border Effects Of Domestic Trade In Transitional China: Local Governments’ Preference And Protectionism, Yongliang Zhao, Jinlan Ni

Economics Faculty Publications

Following a two-region border effect model with consumption preference of local governments, this article examines the segmentation of the Chinese domestic market as well as its determinants. Through empirical tests, we find that the average border effect of domestic trade among provinces in China showed an upward trend from 1997–2002 and 2002–2010. The significant difference of border effects between western and eastern areas of China indicate more regional trade barriers in the western areas than in the eastern areas. In addition, compared to agricultural products, there are less trade barriers on industrial products. This partially verifies that there is more …

Sacrifices For Development Or Thirst For Capital Accumulation? Case Study On The “El Diquís Hydroelectric Dam” In Costa Rica., Marco Mora

Sustainability and Social Justice

Costa Rica’s state-led model of energy generation based on large-scale investments in hydropower has given the country autonomy in generating its own energy as well as sovereignty over its natural resources. Successive governments have used nationalist and ecological discourses to support the continued expansion of hydropower as the path to economic development. In more recent decades however, a number of factors have been eroding the dominance of the state-led hydropower development model. Some of those elements are the national and international pressures to liberalize and privatize the energy sector, an increasing body of scientific evidence indicating that large-scale hydropower in …

Producer Services: A Hub For Stem And An Engine For Job Growth, Eric Thompson, Uyen Tran

Business in Nebraska

The producer services sector, which includes professional and technical services such as accounting, engineering, computer programming, advertising and consulting, is the fastest growing, high-wage segment of the U.S. economy. Producer services employment grew by 15 percent nationwide from 2008 through 2017 but only by 5 percent in Nebraska. Nebraska growth lagged the nation in part because the state has smaller metropolitan areas. Producer service businesses tend to congregate in larger cities. To grasp more opportunities in this growing, high wage sector, Nebraska needs to train more workers in STEM occupations, encourage the development of small businesses in the sector, and …

The Economics Of Social Data: An Introduction, Dirk Bergemann, Alessandro Bonatti

Cowles Foundation Discussion Papers

Large internet platforms collect data from individual users in almost every interaction on the internet. Whenever an individual browses a news website, searches for a medical term or for a travel recommendation, or simply checks the weather forecast on an app, that individual generates data. A central feature of the data collected from the individuals is its social aspect. Namely, the data captured from an individual user is not only informative about this specific individual, but also about users in some metric similar to the individual. Thus, the individual data is really social data. The social nature of the data …

The Effects Of Natural Disasters On Subnational Economic Growth In Latin America And The Caribbean, Olevia Sharbaugh

Honors Capstones

No abstract provided.