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2019

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Articles 1231 - 1260 of 1963

Full-Text Articles in Economics

Changes In Industry Employment In The United States And East Texas - March 2019, Manuel Reyes-Loya, Marilyn Young Mar 2019

Changes In Industry Employment In The United States And East Texas - March 2019, Manuel Reyes-Loya, Marilyn Young

Hibbs Newsletter

In this issue of the Hibbs Newsletter we discuss how the concentration of employment in different industries in the U.S. and East Texas has changed during the last several decades.


Attendance In The Canadian Hockey League: The Impact Of Winning, Fighting, Uncertainty Of Outcome, And Weather On Junior Hockey Attendance, Rodney Paul, Andrew Weinbach, Nick Riccardi Mar 2019

Attendance In The Canadian Hockey League: The Impact Of Winning, Fighting, Uncertainty Of Outcome, And Weather On Junior Hockey Attendance, Rodney Paul, Andrew Weinbach, Nick Riccardi

Finance and Economics

An attendance model is specified for the Canadian Hockey League (CHL), the top level of junior hockey in Canada with some teams located in the United States. The natural log of attendance is used as the dependent variable, with explanatory variables consisting of the timing of the game, team performance characteristics, uncertainty of outcome measures, and weather-related variables. Weekends and Mondays were the most popular days for games. Winning and fighting were shown to be popular team characteristics that drive attendance. Uncertainty of outcome plays little role, if any, in fan interest at this level, while precipitation significantly reduces attendance.


Linking Social Protection And Humanitarian Assistance In The Philippines, Fernando T. Aldaba Mar 2019

Linking Social Protection And Humanitarian Assistance In The Philippines, Fernando T. Aldaba

Economics Department Faculty Publications

This study is part of a multi-country collection of cases showing that humanitarian assistance and social protection programmes are not necessarily mutually exclusive. As will be shown in the next section, there is an increasing amount of literature discussing the integration of humanitarian assistance into social protection systems or the linkage of disaster risk responses with specific social safety net programmes. The nexus maybe seen through synergies via common frameworks, platforms and systems utilized in such programmes. The Philippines, a developing economy in Southeast Asia continues to tackle the problems of poverty and vulnerability among its 100 million population. It …


Global Unanimity Equilibrium On The Carbon Budget, Humberto Llavador, John E. Roemer Mar 2019

Global Unanimity Equilibrium On The Carbon Budget, Humberto Llavador, John E. Roemer

Cowles Foundation Discussion Papers

Carbon budgets are a useful way to frame the climate mitigation challenge and much easier to agree upon than the allocation of emissions. We propose a mechanism with countries agreeing on the global carbon budget, while the decision to emit is decentralized at the country level. The revenue is collected in a global fund and allocated according to endogenously defined weights proportional to the marginal cost of climate change. The proposal features a unanimous agreement of the national citizenries of the world and global Pareto efficiency. We run a simulation in the spirit of the Paris Agreement, with zero emissions …


The Economics Of Social Data: An Introduction, Dirk Bergemann, Alessandro Bonatti Mar 2019

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 …


Breaking Ties: Regression Discontinuity Design Meets Market Design, Atila Abdulkadiro?Lu, Joshua D. Angrist, Yusuke Narita, Parag A. Pathak Mar 2019

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

Cowles Foundation Discussion Papers

Centralized school assignment algorithms must distinguish between applicants with the same preferences and priorities. This is done with randomly assigned lottery numbers, nonlottery tie-breakers like test scores, or both. The New York City public high school match illustrates the latter, using test scores, grades, and interviews to rank applicants to screened schools, combined with lottery tie-breaking at unscreened schools. We show how to identify causal effects of school attendance in such settings. Our approach generalizes regression discontinuity designs to allow for multiple treatments and multiple running variables, some of which are randomly assigned. Lotteries generate assignment risk at screened as …


Borderplex Business Barometer, Volume 3, Number 3, Thomas M. Fullerton Jr., Aaron Nazarian, Steven L. Fullerton, Sergio Olivas Mar 2019

Borderplex Business Barometer, Volume 3, Number 3, Thomas M. Fullerton Jr., Aaron Nazarian, Steven L. Fullerton, Sergio Olivas

Border Region Modeling Project

No abstract provided.


The Extensive And Intensive Margins Of Time Investments On The Skill Development Of Children And Adolescents, Yi Rachel Tan Mar 2019

The Extensive And Intensive Margins Of Time Investments On The Skill Development Of Children And Adolescents, Yi Rachel Tan

Dissertations and Theses Collection (Open Access)

The literature on time investments and skill development has focused on estimating the intensive margins of time investments; This study explores whether including extensive margins might provide additional insights. The extensive and intensive margins of maternal time investments and child time investments (or child self-investments) in three categories of activities (educational, structured and unstructured) on the cognitive and non-cognitive skill development of children (6 to 10 years) and adolescents (11 to 15 years) are quantified by fitting skill production functions with ordinary least squares and family fixed effects specifications. Cognitive skills are assessed by three achievement test scores which indicate …


Medical Innovation, Education, And Labor Market Outcomes Of Cancer Patients, Sung-Hee Jeon, R. Vincent Pohl Mar 2019

Medical Innovation, Education, And Labor Market Outcomes Of Cancer Patients, Sung-Hee Jeon, R. Vincent Pohl

Upjohn Institute Working Papers

Innovations in cancer treatment have lowered mortality, but little is known about their economic benefits. We assess the effect of two decades of improvements in cancer treatment options on the labor market outcomes of breast and prostate cancer patients. In addition, we compare this effect across cancer patients with different levels of educational attainment. We estimate the effect of medical innovation on cancer patients’ labor market outcomes employing tax return and cancer registry data from Canada and measuring medical innovation by using the number of approved drugs and a quality-adjusted patent index. While cancer patients are less likely to work …


"Baby Factories": Exploitation Of Women In Southern Nigeria, Jacinta Chiamaka Nwaka, Akachi Odoemene Mar 2019

"Baby Factories": Exploitation Of Women In Southern Nigeria, Jacinta Chiamaka Nwaka, Akachi Odoemene

Dignity: A Journal of Analysis of Exploitation and Violence

Despite the writings of feminist thinkers and efforts of other advocates of feminism to change the dominant narratives on women, exploitation of women is a fact that has remained endemic in various parts of the world, and particularly in Africa. Nigeria is one of those countries in Africa where women are largely exposed to varying degrees of exploitation. This paper examines the development and proliferation of baby-selling centers in southern Nigeria and its impacts on and implication for women in Nigeria. It demonstrates how an attempt to give protection to unwed pregnant girls has metamorphosed into “baby harvesting” and selling …


Accounting Education In Greece During The Gfc (2009-2016), Dimitrios V. Siskos Mar 2019

Accounting Education In Greece During The Gfc (2009-2016), Dimitrios V. Siskos

Publications

The structure of accounting education in Greece, and in the world, is facing nowadays many significant challenges since the global financial crisis has left behind many critical educational burdens. At the same time, there is an increase in accounting omissions and malpractices of ethics both in the public and in the private sector of Greece. These undoubtedly contributed to massive unemployment, high poverty rate, crime and other social ills experienced in the country. This motivated the study on restructuring accounting education by devising a new educational framework that can be applied to Greek universities and colleges with the purpose of …


A Global View Of What Fixes Information Technology Skills Shortage: Panel Data Analyses Of Countries’ Human And Technology Resources, Benyawarath Nithithanatchinnapat, K. D. Joshi Mar 2019

A Global View Of What Fixes Information Technology Skills Shortage: Panel Data Analyses Of Countries’ Human And Technology Resources, Benyawarath Nithithanatchinnapat, K. D. Joshi

Journal of Global Business Insights

This paper aims to provide evidence of what fixes the information technology skills shortage. The focus is on countries' workforce development factors, i.e., human and technology. The research model was tested using secondary data from multiple sources. An ordinary least square with panel corrected standard errors was used to analyze the data. The results indicate that organizations' staff training and gender parity among science, technology, engineering, and mathematics graduates relate negatively to IT talent shortage; this is consistent in both models the authors tested. This study contributes to the IT workforce literature by being the first study that empirically examines …


A Time To Print, A Time To Reform, Lars Boerner, Jared Rubin, Battista Severgnini Mar 2019

A Time To Print, A Time To Reform, Lars Boerner, Jared Rubin, Battista Severgnini

ESI Working Papers

The public mechanical clock and movable type printing press were arguably the most important and complex technologies of the late medieval period. We posit that towns with clocks became upper-tail human capital hubs--clocks required extensive technical know-how and fine mechanical skill. This meant that clock towns were in position to adopt the printing press soon after its invention in 1450, as presses required a similar set of mechanical and technical skills to operate and repair. A two-stage analysis confirms this conjecture: we find that clock towns were 34-40 percentage points more likely to also have a press by 1500. The …


Optimal Social Insurance With Informal Child Care, Christine Ho Mar 2019

Optimal Social Insurance With Informal Child Care, Christine Ho

Research Collection School Of Economics

The possibility of engaging in household child care may exacerbate the incentives of parents and grandparents to falsely claim disability benefits as households also get to save on formal child care costs. This paper considers a multi-generational family model with persistence in privately observed shocks and presents an efficient implementation case for subsidizing formal child care costs of the disabled. An implementation of the optimal scheme that consists of capped formal day care subsidies, non-linear income taxation and asset-testing is proposed. Simulations based on a parametrization that targets key features of the US labor and child care markets suggest that …


Maximum Likelihood Estimation For The Fractional Vasicek Model, Katsuto Tanaka, Weilin Xiao, Jun Yu Mar 2019

Maximum Likelihood Estimation For The Fractional Vasicek Model, Katsuto Tanaka, Weilin Xiao, Jun Yu

Research Collection School Of Economics

This paper is concerned about the problem of estimating the drift parameters in the fractional Vasicek model from a continuous record of observations. Based on the Girsanov theorem for the fractional Brownian motion, the maximum likelihood (ML) method is used. The asymptotic theory for the ML estimates (MLE) is established in the stationary case, the explosive case, and the null recurrent case for the entire range of the Hurst parameter, providing a complete treatment of asymptotic analysis. It is shown that changing the sign of the persistence parameter will change the asymptotic theory for the MLE, including the rate of …


Forecasting Equity Index Volatility By Measuring The Linkage Among Component Stocks, Yue Qiu, Tian Xie, Jun Yu, Qiankun Zhou Mar 2019

Forecasting Equity Index Volatility By Measuring The Linkage Among Component Stocks, Yue Qiu, Tian Xie, Jun Yu, Qiankun Zhou

Research Collection School Of Economics

The linkage among the realized volatilities across component stocks are important when modeling and forecasting the relevant index volatility. In this paper, the linkage is measured via an extended Common Correlated Effects (CCE) approach under a panel heterogeneous autoregression model where unobserved common factors in errors are assumed. Consistency of the CCE estimator is obtained. The common factors are extracted using the principal component analysis. Empirical studies show that realized volatility models exploiting the linkage effects lead to significantly better out-of-sample forecast performance, for example, an up to 32% increase in the pseudo R2. We also conduct various forecasting exercises …


Limit Theory For Moderate Deviations From Integrated Garch Processes, Yubo Tao Mar 2019

Limit Theory For Moderate Deviations From Integrated Garch Processes, Yubo Tao

Research Collection School Of Economics

This paper develops the limit theory of the GARCH(1,1) process that moderately deviates from IGARCH process towards both stationary and explosive regimes. The asymptotic theory extends Berkes et al. (2005) by allowing the parameters to have a slower rate of convergence. The results can be applied to unit root test for processes with mildly-integrated GARCH innovations (e.g. Boswijk (2001), Cavaliere and Taylor (2007, 2009)) and deriving limit theory of estimators for models involving mildly-integrated GARCH processes (e.g. Jensen and Rahbek (2004), Francq and Zakoïan (2012, 2013).


Central Place Theory And The Power Law For Cities, Wen-Tai Hsu, Zou Xin Mar 2019

Central Place Theory And The Power Law For Cities, Wen-Tai Hsu, Zou Xin

Research Collection School Of Economics

This chapter provides a review of the link between central place theory and the power laws for cities. A theory of city size distribution is proposed via a central place hierarchy a la Christaller (1933) either as an equilibrium results or an optimal allocation. Under a central place hierarchy, it is shown that a power law for cities emerges if the underlying heterogeneity in economies of scale across good is regularly varying. Furthermore, we show that an optimal allocation of cities conforms with a central place hierarchy if the underlying heterogeneity in economies of scale across good is a power …


Why Are Americans So Divided On Refugee Policy?, Shilpa Madan, Shankha Basu, Aneeta Rattan, Krishna Savani Mar 2019

Why Are Americans So Divided On Refugee Policy?, Shilpa Madan, Shankha Basu, Aneeta Rattan, Krishna Savani

Research Collection Lee Kong Chian School Of Business

The U.S. will resettle the lowest number of refugees in fiscal year 2019 since the Refugee Act was passed in 1980. After taking office, President Donald Trump reduced the admission limit from 110,000 in 2017 to 45,000 in 2018, and to 30,000 in 2019. The reduction is not a result of fewer refugees seeking resettlement. On the contrary, the number of people seeking resettlement is on the rise.


Actuarial Modeling And Analysis Of The Hong Kong Life Annuity Scheme, Koon Shing Kwong, Wai-Sum Chan, Johnny Siu-Hang Li Mar 2019

Actuarial Modeling And Analysis Of The Hong Kong Life Annuity Scheme, Koon Shing Kwong, Wai-Sum Chan, Johnny Siu-Hang Li

Research Collection School Of Economics

The Hong Kong Mortgage Corporation (HKMC) Limited, which was established in March 1997 and is wholly owned by the government of the Hong Kong Special Administrative Region, has a major mission to develop and provide different financial retirement instruments to Hong Kong residents to help address the income poverty of retirees. In June 2017, HKMC Annuity Limited, a wholly-owned subsidiary of the HKMC was incorporated to implement a new life annuity scheme which would be launched by mid-2018 to cater for the needs of cash-rich Hong Kong old age residents. The objective of the scheme is to provide an additional …


Does Foreign Direct Investment Lead To Industrial Agglomeration?, Wen-Tai Hsu, Yi Lu, Xuan Luo, Lianming Zhu Mar 2019

Does Foreign Direct Investment Lead To Industrial Agglomeration?, Wen-Tai Hsu, Yi Lu, Xuan Luo, Lianming Zhu

Research Collection School Of Economics

This paper studies the effect of foreign direct investment (FDI) on industrial agglomeration.Using the differential effects of FDI deregulation in 2002 in China on different industries, we find that FDI actually affects industrial agglomeration negatively. This result is somewhat counter-intuitive, as the conventional wisdom tends to suggest that FDI attracts domestic firms to cluster for various agglomeration benefits, in particular technology spillovers. To reconcile our empirical findings and the conventional wisdom, we develop a theory of FDI and agglomeration based on two counter-veiling forces. Technology diffusion from FDI attracts domestic firms to cluster, but fiercer competition drives firms away. Which …


Representation Of The Titanic In Children's Literature, Charity R. Huwe Feb 2019

Representation Of The Titanic In Children's Literature, Charity R. Huwe

The Councilor: A National Journal of the Social Studies

State and national education initiatives are the driving force behind increased exploration of diverse texts, namely informational texts. Trade books offer opportunity for interdisciplinary units to develop through the rise of informational text use in both English/language arts and history/social studies. Primary source documents serve as a liaison to filing gaps in the information left out from textbooks and trade books. A more thorough understanding of historical figures and events are a result of such analysis. The initiatives do not dictate specific curricular material; teachers use their discretion when choosing available trade books, primary documents, and other curricular resources. In …


Fifth Grade Students’ Disciplinary Literacy Using Diverse Primary And Secondary Sources, Tara L. Richeson Feb 2019

Fifth Grade Students’ Disciplinary Literacy Using Diverse Primary And Secondary Sources, Tara L. Richeson

The Councilor: A National Journal of the Social Studies

This study analyzed students’ use of diverse sources for a history-based writing assignment on Abraham Lincoln. Participants includes 41 students in a fifth grade self-contained classroom in rural Illinois. The study was conducted during students’ 30-minute writing period, every day for six weeks. During this time period, students close-read trade books and primary sources to collect research on Lincoln. Students also gathered additional information during their field trip to the Abraham Lincoln Presidential Library and Museum. Students synthesized their information from the various sources and organized the notes to write an informational, history-based writing piece on Lincoln. Students were required …


Assessing History Students’ Historical Skills In The Cape Coast Metropolis Of Ghana, Charles Adabo Oppong Feb 2019

Assessing History Students’ Historical Skills In The Cape Coast Metropolis Of Ghana, Charles Adabo Oppong

The Councilor: A National Journal of the Social Studies

This study assesses history students’ historical skills in the Cape Coast Metropolis of Ghana. The specific skills assessed were document literacy and evaluative skills. In assessing these skills, two instruments were employed: the use of a test and a Focus Group Discussion (FGD) guide. Students were tested to examine their skills in using historical documents under sourcing, contextualisation and corroboration. FGD was used to investigate how students evaluate historical evidence. The data analysis of the students’ test consisted of three stages. The first stage involved marking the responses while making notes on them, the second stage included writing a single …


Perspective Taking Through An Elementary Unit On Lewis And Clark, Ronald V. Morris Feb 2019

Perspective Taking Through An Elementary Unit On Lewis And Clark, Ronald V. Morris

The Councilor: A National Journal of the Social Studies

The teachers showed the perspectives students acquired through reading and comparing narratives. Teachers helped students work toward the common good in a democracy by helping the student to examine perspectives. In their reading and writing, they developed rich background and content about the experience. When students studied these explorers, the students developed an empathetic understanding for the hardships and sacrifices madeby the Corps of Discover as they traveled on this expedition. Student interest and motivation flowed into this project because they felt the problems as their own; they, therefore, were interested when they understood what it meant and found …


Given Today's New Wave Of Protectionsim, Is Antitrust Law The Last Hope For Preserving A Free Global Economy Or Another Nail In Free Trade's Coffin?, Allison Murray Feb 2019

Given Today's New Wave Of Protectionsim, Is Antitrust Law The Last Hope For Preserving A Free Global Economy Or Another Nail In Free Trade's Coffin?, Allison Murray

Loyola of Los Angeles International and Comparative Law Review

No abstract provided.


How Two Sunken Ships Caused A War: The Legal And Cultural Battle Between Great Britain, Canada, And The Inuit Over The Franklin Expedition Shipwrecks, Christina Labarge Feb 2019

How Two Sunken Ships Caused A War: The Legal And Cultural Battle Between Great Britain, Canada, And The Inuit Over The Franklin Expedition Shipwrecks, Christina Labarge

Loyola of Los Angeles International and Comparative Law Review

No abstract provided.


Venezuela Undermines Gold Miner Crystallex's Attempts To Recover On Its Icsid Award, Sam Wesson Feb 2019

Venezuela Undermines Gold Miner Crystallex's Attempts To Recover On Its Icsid Award, Sam Wesson

Loyola of Los Angeles International and Comparative Law Review

No abstract provided.


Guest Commentary: Citizenship, Economics, And Morality, Thomas Lucey, Mary Beth Henning Feb 2019

Guest Commentary: Citizenship, Economics, And Morality, Thomas Lucey, Mary Beth Henning

Interdisciplinary Journal of Problem-Based Learning

No abstract provided.


Institutional Investors And Corporate Environmental, Social, And Governance Policies: Evidence From Toxics Release Data, Incheol Kim, Hong Wan, Bin Wang, Tina Yang Feb 2019

Institutional Investors And Corporate Environmental, Social, And Governance Policies: Evidence From Toxics Release Data, Incheol Kim, Hong Wan, Bin Wang, Tina Yang

School of Economics and Finance Faculty Publications

This paper studies the role of institutional investors in influencing corporate environmental, social, and governance (ESG) policies by analyzing the relation between institutional ownership and toxic release from facilities to which institutions are geographically proximate. We develop a local preference hypothesis based on the delegated philanthropy and transaction-costs theories. Consistent with the hypothesis, local institutional ownership is negatively related to facility toxic release. The negative relation is stronger for local socially responsible investing (SRI) funds, local public pension funds, and local dedicated institutions. We also find that the relation is more negative in communities that prefer more stringent environmental policies …