Open Access. Powered by Scholars. Published by Universities.®

Economics Commons™

Open Access. Powered by Scholars. Published by Universities.®

2019

Discipline
Institution
Keyword
Publication
Publication Type
File Type

Articles 1951 - 1963 of 1963

Full-Text Articles in Economics

An Evaluation Of The Forecast Performance Of Dsge And Var Models: The Case Of A Developing Country, Shahzad Ahmad, Adnan Haider Jan 2019

An Evaluation Of The Forecast Performance Of Dsge And Var Models: The Case Of A Developing Country, Shahzad Ahmad, Adnan Haider

Business Review

This paper estimates a DSGE model and three versions of VAR models (VARX, BVARX and BVAR) to analyze forecasting performance of these models in context of Pakistan. VAR models and a medium-scale DSGE model are estimated using quarterly data (1980Q4-2017Q2). Expanding window recursive out-of-sample forecasts for GDP growth, call money rate, CPI inflation and percent change in exchange rate are generated and compared over the period 2009Q1-2017Q2. Forecasting performance is analyzed by the comparison of bias and root mean squared errors (RMSE). Analysis of forecasting performance over 1-8 quarters forecast horizon reveals that BVAR model provides relatively better forecast in …

Go to article

Providing Protection For Better Outcomes: The Need For Boundary Walls At Schools In Pakistan, Abbas Ali Gillani Jan 2019

Providing Protection For Better Outcomes: The Need For Boundary Walls At Schools In Pakistan, Abbas Ali Gillani

Business Review

This paper explores the importance of a boundary wall at school as a measure of protection and safety, by testing the correlation between a school having a boundary wall and its total enrolment. By using panel data estimation with year and district fixed effects we find that across all levels of schooling, having a boundary wall was correlated with higher total enrolment. Enrolment at primary, middle and high school was 4.0 per cent, 2.3 per cent and 3.0 per cent higher. Gender-wise breakup of the results shows similar correlation for both boys and girls at primary level. However, at middle …

Go to article

The Reversal Strategy: A Test Case For An Emerging Market, Hilal Anwar Butt, Mohsin Sadaqat Jan 2019

The Reversal Strategy: A Test Case For An Emerging Market, Hilal Anwar Butt, Mohsin Sadaqat

Business Review

The reversal strategy in the Pakistan Stock Market has shown significant profits for the time period January 1993 - September 2017. The available asset pricing models are unable to link these returns with the risk premium. This paper explores an alternative channel of predicting risk premium. It suggests that reversal profits can be considered as compensation for providing liquidity to the market during times of high volatility. Results reveal that reversal is stronger for illiquid and volatile stocks. Furthermore, firms that show reversal, are cash constrained, have lower return on asset (ROA) and equity (ROE), lesser operating profitability (OP), investment …

Go to article

Emotional Intensity: An Additional Dimension To Understand Emotional Confidence And Purchase Intentions, Wajid Hussain Rizvi Jan 2019

Emotional Intensity: An Additional Dimension To Understand Emotional Confidence And Purchase Intentions, Wajid Hussain Rizvi

Business Review

This paper explores the role of emotional intensity as a determinant of emotional confidence and purchase intentions. It analyzes the difference between low and high emotional confidence and emotional intensity groups in terms of their purchase intentions in the car buying context. Only valence and combined valence-intensity structural models were used to assess respective influences on emotional confidence. The results reveal that the combined impact of valence and intensity has a greater positive and significant influence on emotional confidence. Furthermore, groups with higher emotional confidence and higher emotional intensity show higher purchase intentions. This study contributes to a better understanding …

Go to article

Financial Sector In Singapore, Hwee Kwan Chow, Sai Fan Pei Jan 2019

Financial Sector In Singapore, Hwee Kwan Chow, Sai Fan Pei

Research Collection School Of Economics

This chapter reviews the financial development strategies adopted by the Singapore government as it navigates internal and external changes to build a vibrant center of finance in the Asia Pacific region. Sections 2 and 3 provide an overview of the structure of the financial system and the financial governance framework respectively. This is followed by a discussion, in Section 4, on the outward looking development strategy that underpinned the successful development of Singapore’s financial sector. Section 5 highlights the reforms undertaken in the aftermath of the Asian financial crisis that led to the building of a well-diversified and thriving international …

Go to article

Specification Tests For Temporal Heterogeneity In Spatial Panel Models With Fixed Effects, Yuhong Xu, Zhenlin Yang Jan 2019

Specification Tests For Temporal Heterogeneity In Spatial Panel Models With Fixed Effects, Yuhong Xu, Zhenlin Yang

Research Collection School Of Economics

We propose score type tests for testing the existence of temporal heterogeneity in slope and spatial parameters in spatial panel data (SPD) models, allowing for the presence of individual-specific and/or time-specific fixed effects (or in general intercept heterogeneity). The SPD model with spatial lag effect is treated in detail by first considering the model with individual-specific effects only, and then extending it to the model with both individual and time specific effects. Two types of tests (naive and robust) are proposed, and their asymptotic properties are presented. These tests are then fully extended to an SPD model with both spatial …

Go to article

Econometric Estimates Of Earth's Transient Climate Sensitivity, Peter C. B. Phillips, Thomas Leirvik, Trude Storelvmo Jan 2019

Econometric Estimates Of Earth's Transient Climate Sensitivity, Peter C. B. Phillips, Thomas Leirvik, Trude Storelvmo

Research Collection School Of Economics

How sensitive is Earth's climate to a given increase in atmospheric greenhouse gas (GHG) concentrations? This long-standing question in climate science was recently analyzed by dynamic panel data methods using extensive spatio-temporal data of global surface temperatures, solar radiation, and GHG concentrations over the last half century to 2010 (Storelvmo et al, 2016). Those methods revealed that atmospheric aerosol effects masked approximately one-third of the continental warming due to increasing GHG concentrations over this period, thereby implying greater climate sensitivity to GHGs than previously thought. The present study provides regularity conditions and asymptotic theory justifying the use of time series …

Go to article

The Public Choice Of Public Stadium Financing: Evidence From San Diego Referenda, Candon Johnson, Joshua Hall Jan 2019

The Public Choice Of Public Stadium Financing: Evidence From San Diego Referenda, Candon Johnson, Joshua Hall

Faculty & Staff Scholarship

Abstract: Local politicians and team owners frequently argue that the public financing of stadiums is important for local economic development. The sports economics literature, however, has largely found that new professional sport facilities do not generate any new net economic activity. We provide context to this literature by exploring the public choice in the public financing of stadiums. In 2016, San Diego had two ballot measures related to the San Diego Chargers. Measure C would allow officials to raise hotel taxes to pay for a new downtown stadium for the Chargers. Measure D would also raise hotel taxes, but explicitly …

Go to article

Governing Chinese Engagement With The Hydrocarbon-Rich Countries; Examining Chinese Investment In The Hydrocarbon Sector Of Canada And Russia, Anastasia Ufimtseva Jan 2019

Governing Chinese Engagement With The Hydrocarbon-Rich Countries; Examining Chinese Investment In The Hydrocarbon Sector Of Canada And Russia, Anastasia Ufimtseva

Theses and Dissertations (Comprehensive)

China’s global quest for energy has been one of the most fascinating developments of the past twenty years. As Chinese state-owned enterprises (SOEs) have increasingly gone ‘global’ in search of energy resources, scholars have explored the rationale and implications of China’s investment abroad. However, existing studies have yet to examine the ability of Chinese SOEs to complete the intended investment projects. Several studies that have noted this gap suggest that researchers should examine the ability of Chinese SOEs to adapt to different institutional environments (Smith and D’Arcy 2013) and to analyze the responses of local stakeholders to Chinese SOEs’ engagement …

Go to article

Building A Good Jobs Economy, Dani Rodrik, Charles F. Sabel Jan 2019

Building A Good Jobs Economy, Dani Rodrik, Charles F. Sabel

Faculty Scholarship

Conventional models are failing throughout the world. In the developed world, the welfare state-compensation model has been in retrenchment for some time, and the drawbacks of the neoliberal conception that has superseded it are increasingly evident. Yet there is no compelling alternative on offer. In the developing world, the conventional, tried-and-tested model of industrialization has run out of steam. In both sets of societies a combination of technological and economic forces (in particular, globalization) is creating or exacerbating productive/technological dualism, with a segment of advanced production in metropolitan areas that thrives on the uncertainty generated by the knowledge economy co-existing …

Go to article

Understanding Factors Of Sexual Behaviors In Teenagers In Mississippi, Jackson Colburn Jan 2019

Understanding Factors Of Sexual Behaviors In Teenagers In Mississippi, Jackson Colburn

Honors Theses

The primary purpose of this study is to determine the associations between socio-demographic factors and sexual behaviors in teens based on bivariate analysis from the Centers for Disease Control and Prevention’s Youth Risk Behavior Surveillance System survey for 2015. In conducting a comparative analysis of survey data for both the United States and the state of Mississippi, this study aims to depict a picture of the state of teen sexual behaviors both nationally and in Mississippi. A secondary quantitative analysis of the Mississippi survey dataset also sets out to highlight any possible significant relationships between teen sexual behaviors and certain …

Go to article

The Effect Of Instructional Expenditures On Student Outcomes: Evidence From St. Louis-Area Public School Districts, Noah Antle Jan 2019

The Effect Of Instructional Expenditures On Student Outcomes: Evidence From St. Louis-Area Public School Districts, Noah Antle

Honors Theses

This thesis seeks to contribute to the broader conversation over the relationship between school spending and student outcomes. Using twenty-two public school districts in the St. Louis area, annual data on instructional expenditures and two measures of student outcomes (average composite ACT score and the percentage of high school graduates to enroll at a 2- or 4- year college or university within 180 days of graduation) was collected by request from the Missouri Department of Education and Secondary Education. Regression analysis was conducted with this data to determine whether or not raw changes in instructional expenditures per student or the …

Go to article

Understanding The Causes Of Female Labor-Force Participation Stagnation In The U.S., Sophia Fosdick Jan 2019

Understanding The Causes Of Female Labor-Force Participation Stagnation In The U.S., Sophia Fosdick

Honors Theses

This thesis examines the stagnation and decline in U.S. women’s labor force participation from the 1990s onwards. Through literature analysis and economic theory, I determined that different subgroups in the U.S. female population between the ages of 25 and 54 had differing trends in labor supply behaviors. I then used regression analysis of U.S. Census data from years 1980, 1990, 2000, and 2010 to chart these behaviors and understand the groups facing the largest decline. Through my data, I found that uneducated mothers of young children were facing the largest decline, with an increasingly negative response as the decades progress, …

Go to article

First Prev