Economics Commons^™

Laboratory Experiments Of Land Assembly Without Eminent Domain, Mark Desantis, Matthew W. Mccarter, Abel Winn

ESI Publications

The authors use laboratory experiments to test two self-assessment tax mechanisms for facilitating land assembly. One mechanism is incentive compatible with a complex tax function, while the other uses a flat tax rate to mitigate implementation concerns. Sellers publicly declare a price for their land. Overstating its true value is penalized by using the declared price to assess a property tax; understating its value is penalized by allowing developers to buy the property at the declared price. The authors find that both mechanisms increase the rate of land assembly and gains from trade relative to a control in which sellers’ …

East Asia’S Inclusive Growth Model : Part – I, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Almost thirty years ago the World Bank produced a seminal report, ‘The East Asia Miracle’, which captured the essence of the success stories of eight economies in East Asia (Japan; the four tigers – Hong Kong, Singapore, Korea, Taiwan; and three Asean countries – Indonesia, Malaysia and Thailand). These high-performing economies grew three times as fast as Latin America and South Asia and five times faster than Sub Saharan Africa between 1965 and 1990. During the 1990s, the high growth momentum was sustained, and these economies grew at average 8 percent per annum. Their share in world trade expanded at …

Nebraska Monthly Economic Indicators: February 23, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.58% during January 2022. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals moderate economic growth in Nebraska through the summer of 2022. The indicator improved for three primary reasons. There were positive business expectations in January according to respondents to the monthly Survey of Nebraska Business. Initial claims for unemployment insurance also fell during the month as a sign of strength for the labor market. The value of the U.S. dollar also fell, which is helpful for Nebraska businesses that compete in international markets.

Lost Grounds In Us Trade Integration, John C. Beghin

Cornhusker Economics

Growing World Trade Organization (WTO) membership and plurilateral trade agreements have increasingly occurred in the last 20 years leading to unprecedented market integration. However, in the last 5 years, the United States (US) has been diverging from its traditional role as a main driver of this integration. In contrast, Europe has been integrated progressively within itself and beyond, outpacing the US. The article documents these trends and changes. This article is based on a longer working paper and an article in EuroChoices coauthored with Jill O’Donnell.

Human Milk Oligosaccharide Compositions Illustrate Global Variations In Early Nutrition, Anita Vinjamuri, Jasmine C. C. Davis, Sarah M. Totten, Lauren D. Wu, Laura D. Klein, Melanie Martin, Ea Quinn, Brooke Scelza, Alicia Breakey, Michael Gurven, Grazyna Jasienska, Hillard Kaplan, Claudia Valeggia, Katie Hinde, Jennifer T. Smilowitz, Robin M. Bernstein, Angela M. Zivkovic, Michael J. Barratt, Jeffrey I. Gordon, Mark A. Underwood, David A. Mills, J. Bruce German, Carlito B. Lebrilla

ESI Publications

Background

Human milk oligosaccharides (HMOs) are an abundant class of compounds found in human milk and have been linked to the development of the infant, and specifically the brain, immune system, and gut microbiome.

Objectives

Advanced analytical methods were used to obtain relative quantitation of many structures in approximately 2000 samples from over 1000 mothers in urban, semirural, and rural sites across geographically diverse countries.

Methods

LC-MS−based analytical methods were used to profile the compounds with broad structural coverage and quantitative information. The profiles revealed their structural heterogeneity and their potential biological roles. Comparisons of HMO compositions were made between …

Is Selling Complete Information (Approximately) Optimal?, Dirk Bergemann, Yang Cai, Grigoris Velegkas, Mingfei Zhao

Cowles Foundation Discussion Papers

We study the problem of selling information to a data-buyer who faces a decision problem under uncertainty. We consider the classic Bayesian decision-theoretic model pioneered by Blackwell [Bla51, Bla53]. Initially, the data buyer has only partial information about the payoff-relevant state of the world. A data seller offers additional information about the state of the world. The information is revealed through signaling schemes, also referred to as experiments. In the single-agent setting, any mechanism can be represented as a menu of experiments. A recent paper by Bergemann et al. [BBS18] present a complete characterization of the revenue-optimal mechanism in a …

Reforms: Institutional Impediments : Part - Iii, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

The reason for the kind of political behaviour exhibited by elected representatives has to do with the incentive structure under the present voting system. MNAs and MPAs owe their election to constituency politics. They are obligated to take actions which keep their constituents pleased and their opponents subdued. That means that prices of essential commodities, tariffs charged for electricity, gas, water, railways are frozen and controlled through administrative means (whatever the government has to cough up to bear the subsidies involved) so that people don’t complain about rising prices. They would like the government to create new jobs to take …

Stuck In The Middle: An Analysis Of Economic Growth And The Technological Intensity Of Exports, Aya Abdel Halim

Theses and Dissertations

Driven by the persistence of some economies’ lower-middle-income status, also known as the middle-income trap, this research aims to identify the relationship between exports and their growth rates. A Cobb-Douglass model augmented by the different types of exports is employed, and the relationship is estimated for a panel of 77 lower-middle-income economies using multiple two-step system Generalized Method of Moments (GMM) model. This research’s contribution to the literature is two-fold: First, it analyzes exports from both an aggregated level (i.e., total exports) as well as at a disaggregated level by the technological intensity of exports. To add, the panel of …

Financial Inclusion And Monetary Policy - Investigating The Relationship Between Financial Inclusion And Monetary Policy: The Case Of Egypt, Salma Maher

Theses and Dissertations

In the past decade, financial inclusion has become an issue of increasing importance to developing nations. This is due to its perceived effects on poverty alleviation, sustainable growth and enhancing monetary policy effectiveness. Unfortunately, there is little empirical research on the effects of financial inclusion. The thesis hopes to contribute to the literature by inspecting the relationship between financial utilization indices and monetary policy in Egypt. The thesis utilizes quarterly data on outstanding deposits and loans from 2004 to 2020 as well as a VAR model – supplemented with an ARDL model – to test the aforementioned relationship. The thesis …

Cryptocurrencies Bandwagon…Fad Wave Or Investment Asset? Firm Level Analysis Of Panel Data In Egypt, Yasmine Galal

Theses and Dissertations

The crypto market is growing rapidly and gaining momentum globally. The current study is tackling the impact of the crypto exchanges on the stock market in Egypt. The author consolidated firm level data from DataStream and Cryptocurrency data from CoinDesk to conduct this study over the period 2014-2020. The methodology is based on Fixed Effect and IV-GMM models to study the differential impact across sectors and firm attributes. Our main findings can be highlighted as follows: (a) cryptocurrencies are substitutes to stocks. (b)Two periods are highlighted in the analysis: 2016 post currency devaluation and COVID-19 pandemic, where the adoption was …

2014-2019 National Science Foundation (Nsf) Rankings By Total R&D Expenditures, Katie M. Gilbertson, Caitlin J. Saladino, William E. Brown Jr.

Higher Education

This fact sheet presents National Science Foundation (NSF) funding data for 10 individual research universities in addition to the combined funding received by the University of Nevada, Las Vegas (UNLV) and the University of Nevada, Reno (UNR) for the years 2014 to 2019.

Why Aren’T People Leaving Janesville? Industry Persistence, Trade Shocks, And Mobility, Sebastian Ottinger, Michael Poyker

Upjohn Institute Working Papers

Particular industries have dominated many locations in the United States for more than a century. We show that individuals residing in such locations were systematically less likely to move away from there during the past few decades. By identifying locations with sizable employment shares in the same manufacturing industries in 1870 and 1980, we documented less out-migration in the decades following 1980 than earlier. In response to the largest shock affecting manufacturing employment since then, these locations adjusted differently: the “China shock” led to higher unemployment in their communities, but fewer people moved away. Drawing on rich data of social …

Regenerative Tourism Model: Challenges Of Adapting Concepts From Natural Science To Tourism Industry, Asif Hussain, Marie Haley

Journal of Sustainability and Resilience

The study proposes a regenerative tourism model. The application of the natural science ideas of regeneration needs to be clarified before the tourism industry can adopt a regenerative tourism model. Without such clarification, there is a high risk of ‘green washing’ and inappropriate adaption of a regenerative model. The borrowing of natural science to industry and its application in social sciences confuse the essence of the true concept of regeneration. In a regenerative agriculture context restoring a holistic system that mimics nature and includes social and economic spheres contributes to improving the whole system. When a social system aims to …

Urban Land Expansion: The Role Of Population And Economic Growth For 300+ Cities, Richa Mahtta, Michail Fragkias, Burak Güneralp, Anjali Mahendra, Meredith Reba, Elizabeth A. Wentz, Karen C. Seto

Economics Faculty Publications and Presentations

Global urban populations are projected to increase by 2.5 billion over the next 30 years. Yet, there is limited understanding of how this growth will affect urban land expansion (ULE). Here, we develop a large-scale study to test explicitly the relative importance of urban population and Gross Domestic Product (GDP) growth in affecting ULE for different regions, economic development levels and governance types for 300+ cities. Our results show that population growth, more than GDP, is consistently the dominant determinant of ULE during 1970–2014. However, the effect of GDP growth on ULE increases in importance after 2000. In countries with …

Firm Performance During The Covid-19 Crisis: Does Managerial Ability Matter?, Sonal Kumar, Leila Zbib

Finance Department Faculty Journal Articles

Challenged by the Covid-19 crisis, CEOs must rethink about how to operate and exist in the new working environment. We examine if managerial ability of the CEO impacts firm performance during the crisis period. We find a positive and significant association between the CEO managerial ability and both the cumulative raw and abnormal returns. We also find that firms with better CEO managerial ability are more resilient and have higher ROE than their counterparts. We find that the CEOs with higher managerial ability have higher pre-pandemic liquidity which in part explains the better performance amid the Covid-19 crisis.

Inclusive, Supportive And Dignified Maternity Care (Sdmc)-Development And Feasibility Assessment Of An Intervention Package For Public Health Systems: A Study Protocol, Bilal Iqbal Avan, Waqas Hameed, Bushra Khan, Muhammad Asim, Sarah Saleem, Sameen Siddiqi

Community Health Sciences

Introduction: Mistreatment, discrimination, and poor psycho-social support during childbirth at health facilities are common in lower- and middle-income countries. Despite a policy directive from the World Health Organisation (WHO), no operational model exists that effectively demonstrates incorporation of these guidelines in routine facility-based maternity services. This early-phase implementation research aims to develop, implement, and test the feasibility of a service-delivery strategy to promote the culture of supportive and dignified maternity care (SDMC) at public health facilities.
Methods: Guided by human-centred design approach, the implementation of this study will be divided into two phases: development of intervention, and implementing and testing …

Inflation: Just How Bad Is It?, Timothy Meyer

Cornhusker Economics

Amidst the chaotic news cycle of politics, the pandemic, and global affairs, a new topic is making headlines – inflation. To some, rising inflation causes greater fear than the other headlines combined; to others, it is nothing more than a minor nuisance. This article will explain why people’s divisive attitudes toward inflation are likely justified.

Intellectual Property And Its Global Implications Ine 318, Andrée Rathemacher

Library Impact Statements

No abstract provided.

Only 7.8% Of Eligible Vehicles In Utah Enroll In The Utah Road Usage Charge (Ruc) Program, Tyson Bomsta, Joe Davis

Research on Capitol Hill

Senior Tyson and sophomore Joe are Center for Growth Opportunity Research Fellows studying economics and finance at USU. The duo focused their research on their native Utah. The increase in fuel-efficient and electric cars has begun to impact Utah’s ability to fund roadwork, and this is likely to become a more serious problem as time goes on. Taxing gas is no longer a viable way to raise the funds necessary, and Joe and Tyson are looking at ways to reform our tax structure to keep Utahns on the road. Both students agree that research is the best way to learn. …

Oral Presentations: Social Sciences I, Olivia Maurer, Kaden Grace, Ryan Wallace

Mississippi Undergraduate Honors Conference

Video provided above is of Olivia Maurer's presentation.

Video of Kaden Grace's presentation is available here.

Video of Ryan Wallace's presentation is available here.

Reforms: Institutional Impediments : Part - Ii, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

An attempt was made by the National Commission for Government Reforms (NCGR) to present a comprehensive package that proposed a strong district government system with specific focus on education, health and police. But the report could not be implemented due to the change in government. Subsequent governments did realise the need but remained preoccupied with other pressing matters. This time (2018-21), the focus was only on the federal government as the provincial governments plainly told us that after the 18th Amendment the federal government (although all the four provincial chief secretaries were members of the task forces that formulated the …

Data For "Agency, Benevolence And Justice", Prithvijit Mukherjee, J. Dustin Tracy

ESI Data Sets

We test for social norms regarding how agents should select between risky prospects for principals, including norms consistent with beneficence and justice propositions from Adam Smith. We elicit norms from subjects serving as "impartial spectator[s]" about choice of risky prospect selected by the agents. We find strong evidence for the existence of norms, consistent with the Smith propositions. Furthermore we find that agents are more likely to select more normative options. In contrast, we find that principals' allocation for bonuses depends on the realization of the risky prospect rather than whether the agents choice was consistent with the norm.

Nebraska Monthly Economic Indicators: February 2, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose by 0.73% during December 2021. The increase in the leading indicator, which is designed to predict economic activity six months in the future, signals moderate economic growth in Nebraska through June 2022. There were positive business expectations in December and an increase in building permits for single-family homes. Initial claims for unemployment insurance also fell during the month. Among declining indicators, there was a drop in manufacturing hours worked and airline passenger counts during December.

Significant Changes In Cost Of Production For 2022 Crops, Glennis Mcmclure

Cornhusker Economics

For the 2022 crop production year, eighty-four Nebraska crop budgets, including two cover crops and a pasture budget, were prepared by crop specialists and extension economists at the University of Nebraska -Lincoln. The 2022 crop budget information is provided in three formats including the new report format from the Center’s new Agricultural Budget Calculator (ABC). Excel and printable pdf file versions are available as well.

Apple And Foxconn: Addressing Power Imbalances In Global Supply Chains, Singapore Management University

Perspectives@SMU

Global suppliers such as Foxconn can form strong business networks to put pressure on dominant clients such as Apple to address power imbalances in global supply chains

Sandwiched Between A Rock And A Hard Place?, Thomas Lam, David Fernandez

Sim Kee Boon Institute for Financial Economics

The policy gap between US and China is likely to be widening further, potentially raising and unevenly distributing the risks of negative spillovers for Asia and the rest of the world.

Skbi Big 5 Survey 2022 February, Singapore Management University

Sim Kee Boon Institute for Financial Economics

The latest survey results on the largest five economies (Big5), based on submissions prior to the ongoing Russia-Ukraine conflict, imply a more intricate growth, inflation and policy dynamic.

Sustainable Blueprint: Do Stock Investors Increase Emissions?, Olatunji Abdul Shobande, Lawrence Ogbeifun

Faculty and Student Publications

The lack of agreement on climate policies among stock-market investors has raised signifi-cant concerns about GHG-emission levels, likely reflected in asset pricing. This study uses annual data sourced from the World Bank from 1980 to 2019 to examine whether stock-market investments increase GHG emissions in Organization for Economic Co-operation and Development (OECD) coun-tries. The study employs the panel-standard fixed effects and the Arellano-Bover and Blundell–Bond dynamic methods and shows that stock-investor confidence is critical for emissions reduction in OECD countries. Additionally, the results highlight the potential mechanism through which the stock market can influence emissions in the OECD countries. We …

Seeking For And Returning To Overseas Work? Developments Surrounding Filipinos’ Return To Overseas Jobs Beside A Pandemic, Alvin P. Ang, Jeremaiah Opiniano

Economics Department Faculty Publications

No abstract provided.

College Street Journal (February 2022), College Of The Holy Cross

College Street Journal

College Street Journal serves as a student platform for business-related news, opportunities and resources at Holy Cross. Readers will discover a broad range of important topics from relevant news and economic issues, career development opportunities and advice, as well as Ciocca center and campus-wide opportunities to grow outside of the classroom.

Highlights of this issue include energy, business of sports, inflation, an alumni interview with Frank Moran and a faculty editorial.