Economics Commons^™

The Property Species: Mine, Yours, And The Human Mind, Bart J. Wilson

Economics Faculty Books and Book Chapters

"Arguing that neither the sciences nor the humanities synthesizes a full account of property, the book offers a cross-disciplinary compromise that is sure to be controversial: Property is a universal and uniquely human custom. Integrating cognitive linguistics with philosophy of property and a fresh look at property disputes in the common law, the book makes the case that symbolic-thinking humans locate the meaning of property within a thing. That is, all human beings and only human beings have property in things, and at its core, property rests on custom, not rights. Such an alternative to conventional thinking contends that the …

Allocation Of Public Resources: Bringing Order To Chaos, Lance Clifner

Computational and Data Sciences (PhD) Dissertations

Science Olympiad (SO) is a team-based academic competition involving multiple subject areas (Events) with arcane rules governing the team composition. Add to the mix parental contention over which student(s) get on the “All-Star” team, and you have a potentially explosive situation. This project brings order and logic to school-based SO programs and defuses tense milestones through the implementation of an institutional structure that: assigns students to Events based on solicited student preferences for the Events, collects objective student performance data, composes competitive teams based on student performance (aka “Moneyball”), and brings transparency to the Team Selection process through crowdsourcing. The …

Banking Scandals And Abnormal Cumulative Returns: An Analysis Of The Wells Fargo Fraud Scandal, Heather Christensen

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

In September 2016, Wells Fargo Company was fined a large amount of money due to its employees opening unauthorized accounts and credit cards under customer’s names. This paper examines the effects of the lawsuit announcement on the stock market as it pertains to finance, insurance, and real estate firms. The analysis will be completed using the cumulative abnormal returns (CARs) and various control variables through univariate and multivariate tests. The results of these tests show that the markets did not lose confidence or trust in banks. Instead, the Wells Fargo scandal generated positive CARs for other banks on the day …

Paso Del Norte Economic Indicator Review, August, Hunt Institute For Global Competitiveness

Technical Reports

No abstract provided.

Covid-19 And East Texas Employment: The Economic Recovery Begins - August 2020, Manuel Reyes-Loya

Hibbs Newsletter

Measures to slow the COVID-19 spread cost the United States 22 million jobs in March and April. However, more than 9 million of those jobs returned in May, June and July, marking the beginning of the economic recovery from the pandemic.

Local Food Prices And The Purchasing Power Of Snap Benefits, G. Christensen, Erin Todd Bronchetti

Economics Faculty Works

While the nominal value of Supplemental Nutrition Assistance Program (SNAP) benefits is fixed across states (except for Hawaii and Alaska), variation in food prices across the U.S. is dramatic. We provide new evidence describing geographic variation in the purchasing power of SNAP benefits, measured by the extent to which SNAP-recipient households are able to afford the Thrifty Food Plan (TFP), the U.S. Department of Agriculture (USDA) food plan on which legislated SNAP benefit levels are based. For more than one-quarter of SNAP households, SNAP benefits are too low to cover the cost of the TFP at the primary stores where …

Contemporary Investment Strategies And Comparison Applications Of Bitcoin, William Gregg Vi, Thanh Nguyen

University of South Carolina Upstate Student Research Journal

Bitcoin is an effective component to any investor's portfolio. The purpose of this research paper was to study the capabilities Bitcoin has to investors and anyone interested in learning more about cryptocurrencies. What are the strategic applications of Bitcoin and why should it be used over other types of assets? Bitcoin offers diversification capabilities to commodities, equities, bonds, the U.S. dollar, and most stock market indices. It can offer hedging capabilities against the U.S. dollar, Ethereum, stock market indices, and commodity uncertainty. The Financial Times Stock Exchange 100 (FTSE100) is an example of an index that Bitcoin can hedge against. …

Bitcoin: A New Form Of Investment Or Another Traditional Asset?, William Gregg Vi, Thanh Nguyen

University of South Carolina Upstate Student Research Journal

Previous studies have compared Bitcoin to financial assets (bonds and stocks) or commodities (gold, crude oil, and silver) or fiat monies (USD, JPE, etc.) This might cause a problem because Bitcoin is different from those traditional assets due to it being extremely risky, illegal in many places, and not presenting any real cash flows like stocks or bonds. Our paper focuses on comparing Bitcoin with traditional assets of similar risk-return profile such as public small capitalization stocks, OTC stocks, IPO stocks, and junk bonds. We find that Bitcoin experienced the highest return and was not correlated to those assets. That …

Chinese Equity Market Pricing And Loan Sales Discount In Us Banking, Yichi Zhang

LSU New Orleans Theses and Dissertations

Abstract

In the recent decades, the Fama–French three-factor (1992, 1993, 1996) and five-factor (2015) models become the most widely used asset pricing models in the world. The U.S. (i.e., developed financial market) country-specific 2 additional factors in the 5-factor model, RMW and CMA or profitability and investment premium, empirically cannot further capture the return variation of the classic three-factor/characteristic in China’s stock market (i.e., developing financial markets). In China, based on our result, therefore, the classic three-factor outperforms the five-factor model. We do not presume that firms in different countries share the same features. Following Liu, Stambaugh, and Yuan (2019), …

We Can Use Machine Learning To Determine Which Financial Ratios Are Best For Investors, Collin Butterfield

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This study develops and tests the hypothesis that the machine learning algorithm, Random Forests, can be used to systematically pick financial ratios that would be best for indicating market trends and be used subsequently to perform comparable analysis to speculate whether a firm is over- or under-valued. Results show that financial ratio selection differs depending on the market sector to which a firm pertains. We examine the 11 financial sectors representing the key areas of the economy. We also look at four possible trading strategies that an investor could have: month-long, quarter-long, semi-annual, and annual to capture differing trading horizons.

Living Below The Line: Racial And Ethnic Disparities In Economic Security Among Older Americans, 2020, Jan Mutchler, Nidya Velasco Roldán, Yang Li

Center for Social and Demographic Research on Aging Publications

New estimates from the 2019 Elder Index^TM highlight the risk of economic insecurity experienced by older adults, a risk that is especially high for persons of color. The Gerontology Institute compares the household incomes for adults age 65 and above living in one- and two-person households to the 2019 Elder Index for each state and Washington, DC to calculate Elder Economic Insecurity Rates (EEIRs), the percentage of independent older adults age 65 or older living in households with annual incomes that do not support economic security. National averages suggest that among people living alone, 48% of older people who …

Changing Faces, Changing Places: Understanding Immigration, Housing Market And Native Out-Migration In Established And New Destinations In The United States., Anqi Xu

Electronic Theses and Dissertations

This dissertation concerns residential incorporation and the socioeconomic impact of immigrants primarily from Latin America and Asia with their rapid geographical dispersal in the U.S. I adopt econometrics methodologies and GIS techniques to examine how immigration affects housing price changes and white out-mobility in established and new destinations, utilizing datasets from the U.S. Census Bureau and the Panel Study of Income Dynamics (PSID). The first part examines the effects of immigration into the U.S. established and new immigrant destinations on housing prices using county-level data that span 2011 to 2017. Using the global and local Moran’s I statistics, I demonstrate …

Exploring Ewom Volume And Valence On Reputation: A One Year Study Of 75 Global Brands On Twitter, Kimberly Legocki, Kristen Walker

School of Economics and Business Administration Faculty Works

No abstract provided.

A Covid-19 Teaching Example: Pooled Testing With Microsoft Excel, Humberto Barreto

Economics and Management Faculty publications

This paper uses pooled testing as a teaching example for undergraduate statistics, econometrics, or quantitative methods courses. It offers step-by-step instructions to create an Excel spreadsheet that uses Monte Carlo simulation to find the optimal group size for a given infection rate. A completed version of the spreadsheet, along with readings, questions, and analytical solution is available at tiny.cc/pooledtesting.

Borderplex Business Barometer, Volume 4, Number 8, Thomas M. Fullerton Jr., Steven L. Fullerton, Ana Gutierrez Zubiate, Ignacio Santana

Border Region Modeling Project

No abstract provided.

Women Workers In The Informal Sector Of The Textiles Industry In Pakistan: A Grounded Theory Approach, Shafi Erum

Student Works (2020-2029)

Post liberalisation firm-level strategic decisions are an issue of concern in developing markets, particularly since the post Agreement on Textiles and Clothing (ATC) phase of the textile industry. The issue of workers’ well-being, the post ATC phase, is well documented in terms of the employment and wage aspects for women workers. There is, however, a dearth of knowledge in understanding women workers’ experiences following from firms’ strategic decisions in the informal labour market setting, despite the rise in informal women workers. Further, the position of informal women workers, which is where they “fit” given their “voice” with their employers, has …

The Impact Of Chinese Investments On The Kenyan Economy, Candice Newcomb

International Studies (MA) Theses

The involvement of China in Kenya has been increasing in recent years. China’s investments in Kenya are still impacting the Kenyan economy significantly. This thesis will examine the positive and negative impacts that the Chinese investments have had on the Kenyan economy.

This thesis will also address the role that the Kenyan government plays in the facilitating of the Chinese investments. It will highlight the importance the Kenyan government has in prioritizing policies such as labor laws for the Kenyan people. The Kenyan government has a responsibility to protect its citizens from the negative impacts of Chinese investments such as …

Determinants Of Tourism Demand In Malaysia: Evidence From Selected Asian Countries, Qiyun Chen

Student Works (2020-2029)

Tourism brings numerous benefits to Malaysia by filling up the spreads demand from tourists. Aware of the comparative advantage in tourism from the Malaysian government, the tourism industry is treated as an essential factor in boosting the Malaysian economy. This paper investigates the determinants of tourism demand in Malaysia by tourists from selected Asian countries – Singapore, Indonesia, China and Thailand using quarterly data from 2008 through 2018. Panel data technique is employed to analyze the effect of macroeconomic variables such as real GDP per capita, real exchange rate and trade openness on tourist arrivals in Malaysia. The empirical results …

School Cooperative And Youth Development: A Case Study Of Smk Taman Tasik, Ampang, Selangor, Mohmad Zam Nur Ain

Student Works (2020-2029)

In the effort to develop future generations, cooperative entrepreneurship plays a significant role. This type of entrepreneurship increases its members ' economic and social interests and brings significant benefits to the community and society. Co-operative is a prominent way to generate job opportunities and reduce unemployment without relying on wage jobs, especially among young people, due to capital sharing and low risks when starting a business. The Malaysian Ministry of Education (MOE) has implemented school cooperatives since 1968 in fostering the entrepreneurial spirit, which seeks to promote entrepreneurial experiences and youth development. Hence, the primary purpose of this paper is …

The Effects Of Ceo Dismissal Risk And Skills On Risky Corporate Decisions And Ceo Compensation, Son T. Dang

Theses and Dissertations in Business Administration

This dissertation consists of three distinct essays on the effects of CEO dismissal risk on M&A megadeal decisions, the association between CEO compensation and generalist managerial ability in the presence of CEO dismissal risk, and the alignment of the initial compensation of new CEOs following CEO dismissals with their managerial ability.

In Essay 1, I study the link between CEO dismissal risk and risky M&A decisions and find that higher-dismissal-risk CEOs engage in more M&A megadeals than their counterparts. Such megadeal transactions lead to lower acquirer post-M&A abnormal returns, suggesting that risky investment decisions are driven by CEOs’ career concerns. …

Why Do Nonprofits Fail? A Quantitative Study Of Form 990 Information In The Years Preceding Closure, Mackenzie Arbogust

School of Public Service Theses & Dissertations

Nonprofit organizations are an important piece of the community and economy in the United States. Each year, nonprofit organizations close their doors and stop providing services to the community. While there are large amounts of literature around financial health and vulnerability and governance best practices of nonprofit organizations, few of the studies have ever looked specifically at failed organizations. In general, the end stages of the life cycle of nonprofit organizations have not been well studied and are not well understood. This study draws on resource dependency theory and institutional theory to identify financial and governance factors that may serve …

The Economics Of Love, Débora Silva Viana

Electronic Theses and Dissertations

In this thesis I argue that the obligation to love based on the Christian tradition requires Christians to disperse their resources in a way that significantly evens out wealth distribution and increases social justice. Christians disagree on the terminology and some tenets of the goal of the Christian life (e.g., deification, beatific vision, communion with God, salvation). However, the requirement to practice love is common to all of these concepts, thus making love normative for Christians. I argue that when love takes such a prominent role in one’s life, then it naturally influences how one manages one’s resources. If love …

Essays On Climate Change-Related Extreme Events, Alvin E. Harris

Dissertations

There are increasing and urgent calls for global economies to join in the fight against the impacts of climate change (World Bank, 2020). With reports such as the World Bank (2020) of climate change costing billions of dollars in losses for economies, the purpose of my dissertation is to examine the effects of climate change-related extreme events and their potential economic effects in three areas: agriculture, migration, and the labor market.

My first essay focuses on the factors that influence farmers’ perception of risk and adaptive strategies against the effects of climate change-related extreme events. I examine whether farmers’ social …

Three Essays In The Dynamics Of Oil Prices, Ahmed Alaabodi

Dissertations

The main objective of my three essays is to study the dynamics and interaction of the price of oil with the downstream sector (refined products), upstream sector (oil production), and across regional markets. I shed light on how the new technological innovation of horizontal drilling and hydraulic fracking that caused the shale oil revolution in the last decade impact the price of oil and impact the petroleum market in the United States.

In the first essay, the dynamic relationship between the monthly price of crude oil and its refined products is modeled. The long-run equilibrium carries valuable information for risk …

An Economic Comparison Of Two Leading Aquaponic Technologies Using Cost Benefit Analysis: The Coupled And Decoupled Systems, Grace M. Gibbons

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Aquaponics is an agricultural production practice which combines aquaculture, the raising of fish, and hydroponics, a soil-less crop production method, to create a system that symbiotically produces both. Compared to conventional open-field agriculture, this practice is highly resource efficient in terms of water and land usage, but has yet to be widely adopted due to a lack of research regarding its economic feasibility. This study compares the two most economically promising aquaponic system designs to determine which would be more profitable at the intermediate-commercial scale. The first of these is the coupled system which continuously circulates water in a closed …

Activation Of Trpa1 Nociceptor Promotes Systemic Adult Mammalian Skin Regeneration, Jenny J. Wei, Hali S. Kim, Casey A. Spencer, Donna Brennan-Crispi, Ying Zheng, Nicolette M. Johnson, Misha Rosenbach, Christopher Miller, Denis H. Y. Leung, George Cotsarelis, Thomas H. Leung

Research Collection School Of Economics

Adult mammalian wounds, with rare exception, heal with fibrotic scars that severely disrupt tissue architecture and function. Regenerative medicine seeks methods to avoid scar formation and restore the original tissue structures. We show in three adult mouse models that pharmacologic activation of the nociceptor TRPA1 on cutaneous sensory neurons reduces scar formation and can also promote tissue regeneration. Local activation of TRPA1 induces tissue regeneration on distant untreated areas of injury, demonstrating a systemic effect. Activated TRPA1 stimulates local production of interleukin-23 (IL-23) by dermal dendritic cells, leading to activation of circulating dermal IL-17–producing γδ T cells. Genetic ablation of …

Intensifying Forage Legume Strata System Technology Through Dairy Cattle Production, Marcos E. Bollido, Teresa B. Polbos, Feleciano R. Bejar

ASEAN Journal of Community Engagement

Intensification of forage legume strata system technology (FLSST) through dairy cattle production was implemented in collaboration with the Department of Agriculture and the local government unit of San Jorge, Samar, Republic of the Philippines. The beneficiaries of the program were selected based on specific criteria and qualifications. Farmers were given training on dairy cattle production, and 10 beneficiaries in five communities received one ready-to-breed cow. Each farmer-beneficiary established a 500 sqm pasture area using FLSST. Abundant grasses and leguminous forages helped improve the health of the cattle. Cattle weighing an average of 150 kg grew to an average weight of …

Information Frictions And Access To The Paycheck Protection Program, John Eric Humphries, Christopher Neilson, Gabriel Ulyssea

Cowles Foundation Discussion Papers

The Paycheck Protection Program (PPP) extended 669 billion dollars of forgivable loans in an unprecedented effort to support small businesses affected by the COVID-19 crisis. This paper provides evidence that information frictions and the “first-come, first-served” design of the PPP program skewed its resources towards larger firms and may have permanently reduced its effectiveness. Using new daily survey data on small businesses in the U.S., we show that the smallest businesses were less aware of the PPP and less likely to apply. If they did apply, the smallest businesses applied later, faced longer processing times, and were less likely to …

Jogokariyan Mosque In Yogyakarta: As A Legendary And Phenomenal Agent Of Change, Letmiros Letmiros

International Review of Humanities Studies

A mosque is the Muslims’ primary place of worship. The term ‘mosque’ is derived from an Arabic word meaning a place for sujood (salah). However, verily, not only is a mosque merely the Muslims’ place for salah, but it may also be taken advantage of as a place for enhancing social and economic conditions of the neighboring residents regardless of their races, ethnic groups and religions. This is what Jogokariyan Mosque in Yogyakarta has exemplified. Located in Jogokariyan Kampong, Mantrijeron Sub-district, Yogyakarta City, the mosque started to be built on September 20th 1966, with the initial size of which measuring …

Sustainable Development Issue In The Relocation Policy At Peterongan Market, Semarang City, Mira Esti Kusumaningrum, Tiya Juliani, Khairul Amri, Muhammad Alfan Silamon, Fenny Roshayanti

Journal of Environmental Science and Sustainable Development

In 2015, Peterongan Market was one of the traditional markets in the city of Semarang which was widely discussed there because of its relocation according to new government sustainable development policy. This study aims to determine the social, cultural, economic, and environmental impacts of that relocation. It follows a qualitative descriptive approach using qualitative data obtained from interviews with various sources such as traders, buyers, and parking attendants, who were most directly affected, as well as field observations and literature studies from various relevant journals and newspapers. Furthermore, qualitative data analysis uses three activity streams in the form of data …