Economics Commons^™

The Code Of Capital: How The Law Creates Wealth And Inequality – Core Themes, Katharina Pistor

Faculty Scholarship

In this brief introduction, I summarize the core themes of my book “The Code of Capital: How the Law Creates Wealth and Inequality”. Capital, I argue, is coded in law – predominantly in a handful of private law institutions. By relying on legal coding techniques, asset holders invoke the right to enforce claims against others, if necessary with the help of the state’s coercive power.

Certain Effects Of Random Taxes, James R. Hines Jr., Michael J. Keen

Articles

This paper explores the implications of tax rate randomness, identifying circumstances in which revenue-neutral rate variability increases profitability, economic activity, and the efficiency of resource allocation. Furthermore, with heterogeneous taxpayers, tax rate variability is shown to perform an efficiency-enhancing screening function, imposing heavier expected tax burdens on less responsive taxpayers. And while efficient tax randomness enables governments to reduce average costs of taxation, it necessarily increases the marginal cost of taxation over some ranges of expected revenue, so may reduce efficient levels of government spending.

Field Management Research In Vietnam: Lessons For Navigating Social, Cultural, And Data Challenges, Phuong Anh Nguyen

School of Economics and Business Administration Faculty Works

No abstract provided.

Can The Circular Economy Concretize Sustainability? A Construal Level Approach To Encourage Sustainable Consumption., Jolie Gutentag

Theses and Dissertations

Despite a growing awareness and understanding of the impact our lifestyles have on the environment, most people have not adequately changed their consumption patterns. One possibility for the disconnect is the perceived abstractness of sustainability. Drawing on construal level theory, this research proposes that framing environmental sustainability as circularity, using the principles of the circular economy, reduces the perceived abstractness of sustainability. Four studies investigate the effects of circular framing on sustainable consumption behavior, including the moderating role of consumers’ chronic level of construal, an innate mindset reflecting a tendency to view information more concretely or abstractly. Findings provide initial …

Natural Resource Curse, Economic Freedom, Economic Growth And Development: Case Of Africa, Oluwatomisin Shalom Akinbo

Dissertations, Master's Theses and Master's Reports

Over the years, there has been discord or lack of agreement on the effect that natural resources have on economic growth and development. This study adopts output approach to investigate the effect that natural resources and institutions (Economic Freedom) have on economic growth for the period of 1960 to 2020 using World Bank data. The analysis employs Multiple Regression Analysis based on augmented Ordinary Least Squares Regression methods. The results are mixed, as the outcome indicates that, while natural resources are positively related to economic growth, there exists a crowding out effect between natural resources and two sectors of the …

Redefining Sustainable Tourism In Covid-19: A Political-Economy Approach, Eylla Laire M. Gutierrez

DLSU Business & Economics Review

Tourism has emerged as a critical sector generating economic growth and development across countries in the world. However, in the face of the outbreak of the COVID-19 pandemic, it is also considered as one of the most heavily hit sectors. Given the backdrop of all the measures implemented to prevent the spread of the outbreak and the changing mindset of actors towards travel, sustainable tourism is expected to play a more critical role in the face of the new normal. This article aims to provide a better understanding of sustainable tourism by utilizing a political economy approach. Specifically, this article …

Does The Organizer’S Reputation Affect Exhibitors’ Satisfaction?, Luz Suplico, Reynaldo Bautista Jr., Carlo Saavedra

DLSU Business & Economics Review

This research surveyed 229 exhibitors of the Manila FAME Trade Fair held last October 19–21, 2018, in the Philippines to find out if the trade fair organizer’s reputation was significant to exhibitors’ satisfaction. The other variable that was studied to determine if they affected exhibitors’ satisfaction was the quality of service dimensions of booth design and layout, exhibition logistics, venue services, and show management. The quality of these service dimensions was tested using structural equation modeling to determine if there is a relationship between the quality of the service dimensions and the trade fair organizer’s reputation, exhibitors’ satisfaction, and behavioral …

Risk Perception In Respect Of Equity Shares: A Literature Review And Future Research Agenda, Ranjit Singh, K. Kajol, Jayashree Bhattacharjee

DLSU Business & Economics Review

The purpose of this paper is to systematically review the literature published on various aspects of risk perception about equity investment. It also aims to raise specific questions for future research. A comprehensive and systematic literature review is done to get the insights of the available literature with an objective to identify the determinants of equity-share-related risk perception and identify its impact that influences equity investment behavior. The study found that risk perception can be measured mainly by using the axiomatic approach, socio cultural group approach, emotional reactions, marketing mix approach, and psychometric approach. It is also found that the …

Pengaruh Jam Kerja Orang Tua Terhadap Kognitif Anak Di Indonesia, Pradini Ajeng Gemellia, Turro S. Wongkaren

Jurnal Ekonomi dan Pembangunan Indonesia

The current phenomenon shows an increasing work activities by both fathers and mothers to fulfil household needs. This social change is feared to give children imbalance time, causing children’s development to be not optimal. This study aims to see the influence of parental working hour on children’s cognitive scores in Indonesia. This study used data from IFLS Survey in 2007 and 2014 with a unit of analysis of children aged 7 to 14 used an OLS estimation method. The results of this study indicate that parental working hours had negative influence on children’s cognitive scores.

Perkembangan Teknologi Informasi, Tfp, Dan Emisi Gas Co2 Di Indonesia, Ganiko Moddilani, Irwandi Irwandi

Jurnal Ekonomi dan Pembangunan Indonesia

This paper examines the development of information technology, total factor productivity (TFP), and urbanization of CO2 gas emissions in Indonesia from 1975–2014. To discuss empirically, this study uses the Autoregressive Distributed Lag (ARDL) model. There are several results in this study. Firstly, the TFP coefficient value in the short term is lower than the long term, so that the Enviromental Kuznets Curve (EKC) hypothesis is not proven. This is one of the causes of rising CO2 gas emissions. Secondly, information technology has a significant impact on the increase of CO2 gas emissions. Thirdly, Indonesia’s urbanization has reduced CO2 gas emissions.

Contagion Effect Krisis Argentina Dan Turki Ke Negara-Negara Asia, Benarkah Terjadi?, Adi Setiawan, Fitri Kartiasih

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to examine the contagion effect of the Argentinian and Turkish crises to Asian countries using the DCC-MGARCH model. The data used is the daily closing price index of the stock index obtained from Thomson Reuters DataStream covering form the period of January 2, 2014 to May 17, 2019. The results showed that the contagion effect of the Argentinian crisis occurred in Malaysia, Korea, Thailand and the Philippines, while Indonesia, Singapore, India and China are only interdependence. The pure contagion test results also show that the contagion effect of the Turkish crisis occurred in Indonesia, Malaysia, the Philippines, …

O Espaço E O Tempo Do Valor, David Harvey, Artur Renzo

Publications and Research

O artigo discute a lei do valor em Karl Marx como valor em movimento, que se faz valer no espaço e no tempo. Entende-se que o movimento não pode ocorrer no vácuo, sendo necessário abandonar a visão do valor que se move sem estar ancorado em nenhum lugar e passar a enxergá-lo criando geografias de cidades e redes de transportes; formando paisagens agrícolas para a produção de alimentos e matérias-primas; englobando fluxos de pessoas, bens e informações; determinando configurações territoriais de valores fundiários e habilidades de trabalho; organizando espaços de trabalho, estruturas de governo e administração. Conclui-se que há três …

The Economic Costs Of Biological Invasions Around The World, R. D. Zenni, F. Essl, E. García-Berthou, Shana M. Mcdermott

Economics Faculty Research

No abstract provided.

Framing Inclusion: The Media Treatment Of Irregular Immigrants' Right To Health Care In Spain, Alisa Petroff, Anahí Viladrich, Sònia Parella

Publications and Research

With the passing of Royal Decree-Law 16/2012, Spain’s national health system switched from a model defined by universal and free health care principles, to a private insurance system that excluded large population groups. Based on a qualitative research design, this paper examines the media treatment of undocumented immigrants’ prerogatives to public health care in Spain (2012–2018). The analysis of 234 articles, drawn from three major Spanish newspapers, reveals three frames that underscore the media’s "rhetorics of inclusion," which argue for the extension of free medical services to irregular immigrants a topic traditionally underestimated by the literature. The moralist frame, supported …

Theorizing #Girlboss Culture: Mediated Neoliberal Feminisms From Influencers To Multi-Level Marketing Schemes, Frankie Mastrangelo

Theses and Dissertations

I define girlboss feminism as emergent, mediated formations of neoliberal feminism that equate feminist empowerment with financial success, market competition, individualized work-life balance, and curated digital and physical presences driven by self-monetization. I look toward how the mediation of girlboss feminism utilizes branded and affective engagements with representational politics, discourses of authenticity and rebellion, as well as meritocratic aspiration to promote cultural interest in conceptualizing feminism in ways that are divorced from collective, intersectional struggle. I question the stakes involved in reducing feminist interrogations and commitments to discourses of representation, visibility, and meritocracy. I argue that while girlboss feminism may …

Playing At The Crossroads Of Religion And Law: Historical Milieu, Context And Curriculum Hooks In Lost & Found, Owen Gottlieb

Articles

This chapter presents the use of Lost & Found – a purpose-built tabletop to mobile game series – to teach medieval religious legal systems. The series aims to broaden the discourse around religious legal systems and to counter popular depiction of these systems which often promote prejudice and misnomers. A central element is the importance of contextualizing religion in period and locale. The Lost & Found series uses period accurate depictions of material culture to set the stage for play around relevant topics – specifically how the law promoted collaboration and sustainable governance practices in Fustat (Old Cairo) in twelfth-century …

Three Essays In Applied Econometrics, Milivoje Davidovic

Graduate Research Theses & Dissertations

The doctoral dissertation entitled Three Essays in Applied Econometrics is based on the application of modern techniques of applied econometrics in order to infer main interrelations and causalities in various fields of quantitative economics. It includes an eclectic mix of both frequentist and Bayesian approaches, with the main goal to quantify and estimate a set of variables that significantly determine certain economic outcomes, in this case NBA efficiency scores, per capita growth rates, and Covid-19-induced risk exposure, market volatility, and cross-market integration. These topics are, at the sametime, at the core of the research interest in the following three independent …

The Relevance Of Credit Risk In The Determination Of Commercial Banks’ Profitability: Evidence From Ghana, Godwin Kwabla Ekpe

Graduate Research Theses & Dissertations

Existing empirical literature on the relationship between credit risk and bank’s profitability is replete with mixed results. This research investigates the probable effect of credit risk on banks’ profitability by examining the nature of the relationship between two measures of credit risk (Loss provisioning rate and Actual provisioning charge rate) and two measures ofprofitability (Return on assets and Return on Equity). The investigation is conducted using data on the Ghanaian banking industry. Various modeling techniques are used to fit the data, including frequentist beta regression and Bayesian beta regression models. The results across all models suggest negative linear relationship between …

Essays On U.S. Narrative Tax Changes And Volatility In Housing Market, Masud Alam

Graduate Research Theses & Dissertations

This dissertation consists of three independent but methodologically similar chapters focusing on the impact of U.S. tax policy changes and understanding the risk-return examination of the U.S. real estate investment trusts (REIT) equity returns. The first and second chapters examine how the U.S. federal and state level economies are likely to react to narrative personal and corporate income tax changes. The third chapter investigates the responses of the U.S. real estate investment trusts (REIT) equity returns to volatility in the U.S. housing market as measured by a newly constructed risk index.

The first chapter examines the short- and long-run effects …

Interest On Reserves In A Partial Two-Sector Banking Model, Shawn A. Osell

Graduate Research Theses & Dissertations

The Federal Reserve implemented a new monetary tool policy as it simultaneously conducted the first round of quantitative easing in 2008. At that time, the Fed began paying interest on a commercial bank's required and excess reserves in order to prevent the federal funds rate from falling to zero. Before quantitative easing, reserves were scarce enough for the federal funds rate to be determined by the supply and the demand for reserves. Consequently, the Fed would use open market operations to manipulate the federal funds rate, and thereby influence other market interest rates. When the Federal Open Market Committee decided …

Optimization Of Dynamic Objective Functions Using Path Integrals, Paramahansa Pramanik

Graduate Research Theses & Dissertations

Path integrals are used to find an optimal strategy for a firm under a Walrasian system. We define dynamic optimal strategies and develop an integration method to capture all non-additive non-convex strategies. We also show that the method can solve the non-linear case, for example Merton-Garman-Hamiltonian system, which the traditional Pontryagin maximum principle cannot solve in closed form. Furthermore, we assume that the strategy space and time are inseparable with respect to a contract. Under this assumption we show that the strategy spacetime is a dynamic curved Liouville-like 2-brane quantum gravity surface under asymmetric information and that traditional Euclidean geometry …

Trade Integration And Economic Growth In Africa: Lessons From Sadc And Ecowas Regional Trading Blocs, Kofi Ampoma Asuako

Masters Theses

The literature on the effects of free trade agreements (FTA) or trade liberalization on economies is vast and tends to focus on the post-liberalization performance of countries, particularly in Europe and North America. However, an analysis of how varying levels of integration within free trade blocs in Sub-Saharan Africa affect economic growth does not appear to be in the international economics literature. This analysis is vital as 54 out of 55 African union member States have begun trading under the African Continental Free Trade Agreement (AFCFTA) which intends to gradually decrease and ultimately do away with customs duties and non-tariff …

Akses Pelayanan Kesehatan Keluarga Berstatus Ekonomi Rendah Di Era Jkn, Prastuti Soewondo, Meliyanni Johar, Retno Pujisubekti

Jurnal Ekonomi dan Pembangunan Indonesia

Economically disadvantaged families often cannot pay for healthcare. Since Jaminan Kesehatan Nasional (JKN) was launched in 2014, the government expands subsidies for these families, identified based on consumption. However, this criterion would misclassify families with low purchasing power as economically advantaged because they have large consumption, financed through social assistance. This paper uses the income from the main job instead to determine families’ economic rank. Based on 35 percent of families with the lowest income, utilisation increases with insurance availability. Predictions using consumption as the gauge for economic rank are underestimated, up to 71 percent for inpatient services.

The Housing Risk Premium In A Production Economy, Sungjun Huh, Insu Kim

Economics Faculty Research and Publications

This article studies how the housing risk premium is determined in a simple real business cycle model. We present a consumption-based asset pricing model for the housing risk premium and evaluate whether the model is able to explain the observed housing risk premium. Our findings show that a real business cycle model with generalized recursive preferences is able to match the observed housing risk premium. We also find that the volatility of the housing demand shock plays a crucial role in determining the risk–return relationship for housing.

Parental Financial Assistance To Young Adult Children And The Black-White Wealth Gap, Yunju Nam, Darrick Hamilton, Christopher Famighetti

The Journal of Sociology & Social Welfare

We examine the roles of parental financial assistance to young adult children for college, homeownership, and “other reasons” in explaining the Black-White wealth gap. Using Panel Study of Income Dynamics data, we run Blinder-Oaxaca decompositions. Results show that the socioeconomic position of Black parents, not their proclivity to give, explains lower receipt of parental assistance for Black adult children—especially in the form of assistance for college and homeownership, which in turn, translates into the intergenerational reproduction of the racial wealth gap. Accordingly, policies should focus on equalizing resource endowments for adult children across racial lines. The findings support a structural/stratification …

The Influence Of Wildland Urban Interface Areas On Resource Assignments To Large Wildland Fires, Kurt Swimley

Graduate Student Theses, Dissertations, & Professional Papers

We examine the relationship between U.S. wildfire resource assignments and fire proximity to inhabited areas. Climate change and previous vegetation buildup have enabled more severe fire seasons, while more structures are being developed near vegetated, wildland areas. These changes have contributed to a steep increase in the overall cost of wildfire management, the annual costs of which regularly rise into the billions (NIFC, 2021). Still, the extent to which each driver of suppression costs contributes to the increase in spending is not entirely understood. Previous studies have shown that more suppression resources are allocated to fires near inhabited areas, …

Export Success And Sustainable Strategies For Cameroonian Small And Medium-Sized Enterprises, Christian N. Bikai

Walden Dissertations and Doctoral Studies

AbstractAccording to the Cameroon Ministry of Small and Medium-Sized Enterprises, small and medium-sized enterprises (SMEs) constitute 99.8% of companies, employ over 70% of the active population, and contribute significantly to economic growth and development. However, less than 25% of new SMEs in Cameroon survive beyond 3 years. Sustainability is essential to small business owners in exporting coffee from Cameroon as an indicator of economic growth and job creation. The purpose of this qualitative multiple case study guided by the transaction cost economics theory was to explore strategies owners of small businesses exporting coffee from Cameroon use to sustain business beyond …

Educational Factors Predicting Middle-Income Trap And International Competitiveness Index In Southeast Asia, Masatoshi Hara

Walden Dissertations and Doctoral Studies

The middle-income trap (MIT) refers to the state that middle-income economies have found it challenging to upgrade to reach the high-income stage over an extended period. Overcoming the MIT has long been discussed as an important social issue, notably in Southeast Asia. One major problem in addressing the MIT is directly linked to fewer job opportunities and an unstable income. Promoting industrialization has been the most efficient way to solve the problem. However, little previous research has been conducted on the influence of the enrollment rate in secondary education on the MIT and the international competitive index (ICI) in connection …

Strategies Worker-Owned Cooperatives Use To Remain Profitable During Economic Downturns, Termaine Davis

Walden Dissertations and Doctoral Studies

New managers of worker-owned cooperatives who fail to adapt to changing conditions can threaten the organization’s viability. Some new managers of worker-owned cooperatives may lack the strategies they need to maintain consistent employment levels during economic downturns. Grounded in the expected utility theory, the purpose of this qualitative multiple case study was to explore the strategies used by managers of worker-owned cooperatives to maintain consistent employment levels during sustained periods of low revenue. Participants comprised seven managers of worker-owned cooperatives with a minimum of 5 years’ experience in the Midwest of the United States managing cooperatives during sustained periods of …

Systematizing Confidence In Open Research And Evidence (Score), Nazanin Alipourfard, Beatrix Arendt, Daniel M. Benjamin, Noam Benkler, Michael Bishop, Mark Burstein, Martin Bush, James Caverlee, Yiling Chen, Chae Clark, Anna Dreber Almenberg, Timothy M. Errington, Fiona Fidler, Nicholas Fox, Aaron Frank, Hannah Fraser, Scott Friedman, Ben Gelman, James Gentile, Jian Wu, Et Al., Score Collaboration

Computer Science Faculty Publications

Assessing the credibility of research claims is a central, continuous, and laborious part of the scientific process. Credibility assessment strategies range from expert judgment to aggregating existing evidence to systematic replication efforts. Such assessments can require substantial time and effort. Research progress could be accelerated if there were rapid, scalable, accurate credibility indicators to guide attention and resource allocation for further assessment. The SCORE program is creating and validating algorithms to provide confidence scores for research claims at scale. To investigate the viability of scalable tools, teams are creating: a database of claims from papers in the social and behavioral …