Economics Commons^™

Consumer Response To Composite Ratings Of Nursing Home Quality, M. C. Perraillon, R. T. Konetzka, Daifeng He, R. M. Werner

Economics Faculty Works

Health-care report cards are intended to address information asymmetries and enable consumers to choose providers of better quality. However, the form of the information may matter to consumers. Nursing Home Compare, a website that publishes report cards for nursing homes, went from publishing a large set of indicators to a composite rating in which nursing homes are assigned one to five stars. We evaluate whether the simplified ratings motivated consumers to choose better-rated nursing homes. We use a regression discontinuity design to estimate changes in new admissions six months after the publication of the ratings. Our main results show that …

Delegate Voting At The 1787 Constitutional Convention: The Entanglement Of Economic Interests And The Great Compromise, Emily Highkin

Honors Papers

How did the economic interests of the delegates to the 1787 Constitutional Convention impact delegate voting before and after the resolution of the Great Compromise? This research introduces the use of a delegate’s deviation from his state’s majority as the dependent variable in a model that divides the Convention into two periods around the Compromise. Covariates include several measures of a delegate’s economic interest, proxies for his personal ideology, and controls for his place of origin. Results indicate that three economic interests (owning a greater number of slaves, a home county further from navigable water, and holding public securities) significantly …

Can Machine Learning On Economic Data Better Forecast The Unemployment Rate?, Aaron S. Kreiner

Honors Papers

This paper examines different machine learning methods to project the U.S. unemployment rate one year ahead. The forecasts include a naive forecast equal to the current unemployment plus the change of unemployment over the last year, along with forecasts from a Lasso regression and a neural network model. The last two models, which can be quickly run using an SQL database, select data from the Federal Reserve Economic Database (FRED) and are fitted (trained) in-sample from 1970 to 2000 to forecast quarterly unemployment rates over 2001 to 2018. The training window is updated in each forecast quarter to include new …

Initial Coin Offerings: The Role Of Subjective Information In Whitepapers, Jiahang Zhang

Honors Papers

Initial coin offerings (ICOs) are an unregulated form of financing that raises funds by issuing crypto tokens using blockchain technology. In this paper, I explore the relationship between the level of mispricing at ICOs and the subjectivity in whitepapers, which are documents released before ICOs that provide details on the features of the tokens. The subjective information is examined by indices of confidence, tone, and readability. The model in this paper analyzes a sample of 258 ICOs that ended during January to October 2018. I find that the confidence score of a whitepaper is negatively associated with the daily excess …

Wavering Interactions Between Commodity Futures Prices And Us Dollar Exchange Rates, Lucjan T. Orlowski, Monika Sywak

WCBT Faculty Publications

This paper examines the intricate impact of commodity futures settlement prices on USD exchange rates. The daily data on changes in logs of futures prices and changes in logs of US dollar in euro and USD trade weighted exchange rate are tested with Bayesian VAR, multiple breakpoint regression and two-state Markov switching. Commodities include West Texas Intermediate and Brent crude oil, as well as copper and gold. The tests imply prevalence of an inverse relationship between changes in commodity futures prices and USD exchange rates, but their interactions become positive at stressful market conditions. Strengths, statistical significance and causal interactions …

Coastal Empire Economic Monitor, 2nd Quarter, 2019, Georgia Southern University Center For Business Analytics And Economic Research

Coastal Empire Economic Monitor

The Economic Monitor provides a continuously updated quarterly snapshot of the Savannah Metropolitan Statistical Area economy, including Bryan, Chatham and Effingham counties in Georgia. The coincident index measures the current economic heartbeat of the region. The leading index is designed to provide a short-term forecast of the region’s economic activity in the upcoming six to nine months.

Which Side Are You On?, Gina Mamone

Exhibit Panels

Which Side Are You On? is a new work by Gina Mamone, co-founder of the West Virginia-based art collective Queer Appalachia. Which Side Are You On? invokes the spirit of Zoe Leonard’s 1992 poem I Want a President, but speaks with the voice of 2018 rural America.

"I want a survivor for Governor. I want a Governor whose home has been raided by ICE. I want the child of a public school teacher for Governor, and I want someone who knows what days to hit what food pantries. I want a Governor who has had experience heating a home …

Umass Amherst Loose Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• Shaikh, A., PhD. (2019, December 18). Conference notes: Sessions by Amos Witztum, Arie Arnon, Kenji Mori, Annalisa Rosselli, Neri Salvadori, Joerg Bibow, and Jan Toporowski on Marx, Hayek, and debt management [Handwritten notes]. Unpublished manuscript notes.

• Ash, M. (2017, March 15). Invitation to visit the University of Massachusetts Amherst as a Sheridan scholar [Letter to Anwar Shaikh]. Unpublished correspondence.

• Shaikh, A., PhD. (n.d.). Krugman talk: Notes on Ron Baiman, the classical Phillips curve, and inequality [Handwritten notes]. Unpublished manuscript notes.

• Shaikh, A., PhD. (2015, December 14). U.S. stagnation, now where? [Handwritten notes on Steve Fazzari presentation discussing …

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Eigenvalue Paper I, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Eigenvalue distribution, matrix size and the linearity of wage-profit curves by Anwar Shaikh, Luiza Nassif Pires, and Jose Alejandro Coronado. (Unpublished work).
• A note on the statistical verification of Marx: Comment on Cockshott and Cottrell by Leon Podkaminer, published in the Cambridge Journal of Economics, volume 29, issue 4, pages 657–658, by Oxford University Press in 2005.
• The second eigenvalue of the Leontief matrix by András Brody, published in Economic Systems Research, volume 9, issue 3, pages 253–258, by Carfax Publishing Company in 1997.
• The spectrum of random matrices by Christian Bidard and Tom Schatteman, …

Leverage Dan Partisipasi Ekspor: Studi Empiris Pada Perusahaan Manufaktur Di Indonesia, Ilham Perintis, Maddaremmeng A.Panennungi

Jurnal Kebijakan Ekonomi

The study aims to investigate the relationship between leverage on firms' opportunities to participate in export markets at the levels of aggregate sectors and subsectors of manufacturing of Indonesia by using Industry Survey data published by Badan Pusat Statistik (BPS) for the period 2007 - 2015. The results of logistic estimation at the sectoral aggregate level indicate that the higher a firm has the financial capacity to meet obligations or that the company is not burdened by debt arising from the use of leverage, the firms are not financially constrained and have greater opportunity for firms to participate in the …

Analysis Of The Performance Of The Korean Government’S R&D Subsidy For Small Businesses, Soonjae Kwon

MPA/MPP/MPFM Capstone Projects

Investment in Research and Development (R&D) is one of the most significant governmental activities. Many countries including Korea continue the R&D investment in various fields such as defense, environment, and medical care. In addition, the Korean government has a plan to significantly expand R&D investment for small businesses because the growth of small businesses is considered as an important factor for economic development such as new job creation. Since the government budget is a finite resource in which various departments compete for the budget, the budget increase of a program can be justified when the government grants lead to better …

Foreign Direct Investment (Fdi) Dan Efisiensi Energi Pada Industri Manufaktur Di Indonesia, Ilham Ramdhan, Maddaremmeng A Panennungi

Jurnal Kebijakan Ekonomi

This study aimed to analyse the relationship between FDI firms with energy intensity in Indonesian manufacturing industry and its sub-sector. The data used are from the Manufacturing Industry Survey obtained from the Central Statistiks Agency (BPS) with observation period 2007-2015. The model in this study were estimated used the fixed effect estimation method. Estimation results from the model showed FDI firms tend to have a negatifly correlated to the energy intensity that mean there is a decrease in energy intensity which indicates energy efficiency. In the industrial sub-sector FDI firms show varying correlation with the energy intensities. in additional, sub-sector …

Analyzing The Impact Of Home Locales On Access To Tertiary Education; Trends In Students’ Access To Bucknell University, Emily Tevebaugh

Honors Theses

Access to postsecondary education has been found in previous studies to be correlated with socioeconomic status as well as with various other indicators, such as parents’ education levels and cultural expectations. However, addressing the impact of home locales and geographical proximity to colleges in addition to these individual characteristics is a crucial part of understanding college access. In this honors thesis, the following questions will be examined: how has access to college and the decision to matriculate changed in recent years? How does distance from colleges and differing characteristics of home locales influence acceptance to a university and the decision …

Do Economic Linkages Through Fdi Lead To Institutional Change? Assessing Outcomes In Kazakhstan, Azerbaijan And Kyrgyzstan, Rachel Vanderhill, Sandra F. Joireman, Roza Tulepbayeva

Political Science Faculty Publications

Foreign direct investment (FDI) can deliver benefits beyond the provision of capital, such as efficiency gains. We argue that the theorised positive effects of economic linkage are reduced when linkages are based on natural resources. Domestic elite coalitions supporting reform are also weaker in countries with extensive natural resources. Kazakhstan and Azerbaijan have high-value natural resources and significant FDI, making them most likely cases for reform. Kyrgyzstan is a contrasting case as it has few natural resources. We find that the institutional reforms we would anticipate because of linkages have not occurred and those that exist are often cosmetic.

Capitalism/Socialism, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Portfolio response to Atelier Van Lieshout's exhibition by Anwar Shaikh, PhD
• Seminar notes on regimes of capitalism by Anwar Shaikh, PhD
• Discussion notes on Nancy Fraser's periodization of capitalism by Anwar Shaikh, PhD
• Theoretical reflections on socialism and economic reproduction by Anwar Shaikh, PhD
• Henry George School of Social Science forum and movie club planning notes by Anwar Shaikh, PhD.

M&A Performance: Market’S Initial Reaction As An Unbiased Indicator Of Post-Acquisition Performance, Nikolaos Papageorgiou

CMC Senior Theses

This paper investigates the reliability of the stock market’s initial reaction to M&A announcements as a predictor of actual post-acquisition performance. The two prevailing methods for evaluating M&A performance are event studies (stock market-based measures) and accounting-based measures. The present study combines these two performance evaluation approaches in a single empirical examination. Both the post-merger buy-and-hold abnormal returns and changes in ROA are used as actual post-acquisition performance variables. The acquirer’s cumulative abnormal return (CAR) around the announcement is used as the market predictor variable. An econometric model is employed to test the predictive power of the announcement-period CAR on …

Counterfactual Conditional Analysis Using The Centipede Game, Ahmed Bilal

CMC Senior Theses

The Backward Induction strategy for the Centipede Game leads us to a counterfactual reasoning paradox, The Centipede Game paradox. The counterfactual reasoning proving the backward induction strategy for the game appears to rely on the players in the game not choosing that very same backward induction strategy. The paradox is a general paradox that applies to backward induction reasoning in sequential, perfect information games. Therefore, the paradox is not only problematic for the Centipede Game, but it also affects counterfactual reasoning solutions in games similar to the Centipede Game. The Centipede Game is a prime illustration of this paradox in …

What Do We Know About The Recent Performance Of Indian Banks?, Laira Aggarwal

CMC Senior Theses

This paper examines the performance of Indian banks by studying the effects of recent reforms and macroeconomic events. Indian banks went through a period of reforms in the past twenty years. The impact of these reforms and major macroeconomic events has been examined using time-series analysis. Event studies offer additional perspective on the short-run effect of the events on different types of Indian banks. Although, the event dates are not all statistically significant in the time-series regressions, the demonetization of 2016 is significant in the event study analysis. Thus, while reforms and events have immediate impact on the performance of …

Learning Effects Of The Flipped Classroom In A Principles Of Microeconomics Course Running Header: Flipped Principles Of Micro, Erik Craft, Maia K. Linask

Economics Faculty Publications

The authors of this article estimate the learning effects of the flipped classroom format using data from 16 sections of principles of microeconomics over a 4-year period. The experimental design is unique in that two treatment and two control sections were taught during the fall semester in four consecutive years. Further, the instructor switched the time of day when the treatment and control sections were taught each year. Controlling for gender, ACT score, a normed high school GPA, Pell Grant award, time of day, and initial knowledge of economics, the authors find no evidence of increased learning using end-of-semester measures …

What Should We Teach In Intermediate Macroeconomics?, Dean D. Croushore

Economics Faculty Publications

The major focus of a course in Intermediate Macroeconomics is building and understanding macroeconomic models and how they work. The course is the most analytical course in the curriculum and should lead students to embark on deep thinking about models and equilibrium. Students learn the essentials of a model and develop the concept of how to simplify a model to understand key concepts. Once the core of a model is developed, additional model features can be added to increase realism. Perhaps the most important macroeconomic concept in the course is that of general equilibrium—students learn to go beyond examining initial …

Fiscal Surprises At The Fomc, Dean D. Croushore, Simon Van Norden

Economics Faculty Publications

We examine a new set of U.S. fiscal forecasts from FOMC briefing books. The forecasts were precisely those presented to monetary policymakers and include frequently updated estimates covering six complete business cycles and several fiscal-policy regimes. We detail the performance of forecast federal expenditures, revenues, surpluses, and structural surpluses in terms of accuracy, bias, and efficiency. We find that forecast errors can be economically large, even at relatively short forecast horizons. While economic activity became less volatile after 1990, fiscal policy became harder to forecast. Finally, cyclically adjusted deficit forecasts appear to be overoptimistic around both business cycle peaks and …

Switching Majors – Into And Out Of Economics, Tisha L. N. Emerson, Kimmarie Mcgoldrick

Economics Faculty Publications

Using student transcripts from six institutions over a 23-year timespan, the authors investigate the movement of students into and out of the economics major. Considerable movement between majors occurs with 83 percent of economics graduates switching in after their first principles course. These eventual majors come from a variety of sources, but primarily from business, engineering, science & math. In an absolute sense, weaker students (as measured by cumulative GPA) switch into economics. However, students appear to move to disciplines of relative academic strength (as indicated by relative grades). While females from other majors are less likely to switch into …

Foreign Direct Investment And Export Competitiveness In Africa: Investigating The Channels, Gladys Gamariel, Seedwell Hove

Journal of African Trade

No abstract provided.

Trade And Industrialisation In Africa: Smes, Manufacturing And Cluster Dynamics, Raphael Kaplinsky, Mike Morris

Journal of African Trade

No abstract provided.

The Impact Of Regional Integration On Africa’S Manufacturing Exports, Rodgers Mukwaya

Journal of African Trade

No abstract provided.

The Effects Of Trade Facilitation On Trade Performance In Africa:, Daniel Sakyi, Sylvanus Kwaku Afesorgbor

Journal of African Trade

No abstract provided.

How Do Trade Margins Respond To Exchange Rate? The Case Of Egypt1, Chahir Zaki, Alia Abdallah, May Sami

Journal of African Trade

No abstract provided.

Water And Life. A Cross-Sectional Study On Determinants Of Beverage Consumption And Water Access In One Tribal Community, Christina White

All Master's Theses

Increasingly, poor diet has been shown to be one of the most crucial factors associated with cause of death, even more critical than smoking. Research in the past two decades has consistently linked increased consumption of sugar-sweetened beverages (SSB) to the obesity epidemic contributing to a public health crisis all over the United States. Native Americans, among other minority groups, suffer obesity disproportionately from the rest of the US population, yet they continually fail to be included in research on the subject. Traditional research methods, sparse care coverage on reservations, consolidation of unique tribes into one classification, and failure to …

The Impact Of Price Level On Cpall Common Stock Price., Nutsupa Chamchuen

Chulalongkorn University Theses and Dissertations (Chula ETD)

Stock market is an essential sector of the economy of any country. It performs as a leading indicator that represents the whole economic movement. It is also served as the indicator of financial performance of company. The stock price of CPALL is one of commerce stock that investor very interested in, with high growth potential and continuous profit growth. This research represented an explores the importance of Consumer price index (CPI) that influence the CPALL stock price. The data that employed in this study cover the period from 2004 to 2019. The sample consists of 64 observations in form of …

Testing The Determinants Of Stock Exchange Index Comovement In Thailand Stock Exchange, Nuntapat Asavaroengchai

Chulalongkorn University Theses and Dissertations (Chula ETD)

A study into the effects of different macroeconomic variables on the comovement between the Stock Exchange of Thailand (SET) Index and the Standard & Poor's 500 (S&P 500). These effects are tested using OLS regression in an annual and quarterly frequency. Real Interest Rate Difference between the two countries is found to have a significant negative effect, likely due to investors turning to Thailand when it has higher real interest rate. Income Level is found to be a significant positive effect, as countries with higher income are more integrated with the US. As the economy naturally grows, it is likely …