Economics Commons^™

The Economic Impact Of The Rapid City Regional Airport - Rapid City, South Dakota, Christian Glupker, Paul Isely

Other Faculty Publications

Highlights from Rapid City Regional Airport's economic impact study include:

• Support for an estimated 2,877 jobs in Pennington County.
• The airport generates $456 million in economic activity for Pennington County.
• The economic activity creates a fiscal impact of $2.2 million for Pennington County.

Perceptions Of Childcare In Nonmetropolitan Nebraska, Rebecca J. Vogt, Heather Akin, Cheryl A. Burkhart-Kriesel, Bradley D. Lubben, L. J. Mcelravy, Timothy Meyer, Steven A. Schulz

Nebraska Rural Poll

Lack of childcare is an issue in many rural Nebraska communities. According to a report from Voices for Children, most counties in the state (91%) do not have enough available licensed childcare slots to meet the current demand there. Furthermore, 11 counties in the state have no licensed childcare facilities. Many communities are exploring options of how to address these shortages to maintain their current residents or to be able to attract new residents. Given these challenges, what types of childcare are rural Nebraskans currently using? How far do they drive to get to their childcare? And how do rural …

Does Elite Quality Matter?, Alwyn Lim

Asian Management Insights

Yes, it can make or break a society. Elites are an inevitability in society. In recent years, emerging populist movements across different countries have highlighted stark problems with growing.

Involuntary And Patient-Initiated Delays In Medical Care During The Covid-19 Pandemic, Erin Todd Bronchetti, Ellen B. Magenheim, E. K. Bergmann

Economics Faculty Works

This paper uses data from a new, nationally representative survey to study delays in non–COVID-related medical care among US adults during the COVID-19 pandemic. We expand on prior research by taking a comprehensive look at the many reasons patients may have experienced delays in medical care and by studying the longer-run implications of these delays for patients’ self-reported health, use of telemedicine, feelings of regret, and likelihood of delaying care again in the future. Classifying delays in care broadly as involuntary (those due to availability or “supply-side” constraints) or patient-initiated (those due to patient concerns or “demand-side” constraints), we document …

Notes From The Brazilian Cornfields, Fabio Mattos

Cornhusker Economics

In the last few months, I have been traveling in Brazil. My objective with this trip is to meet with industry professionals, government officials, and academic researchers to learn about recent developments in Brazilian agriculture and what we can expect to see in the future. I have essentially been asking people their opinions about the main developments in Brazil in the last few years and their perspectives for the future. One of the main topics that has emerged consistently in these conversations is, not surprisingly, the corn market.

Economic Equity And People With Disabilities: Development And Characterization Of A Novel Index, Bhavneet Walia, Katherine Mcdonald, Joy Hammel, Lex Frieden, Michael Morris, Barry Whaley, Vinh Nguyen

Faculty, Staff and Student Publications

Here we develop two new social indices: The ADA PARC Absolute Economic Opportunity Index and the ADA PARC Relative Economic Opportunity Index. These indices allow us novel examinations of economic equity between people with and without disabilities within a U.S. State and between people with disabilities in different states using aggregations of multiple component economic indicators. These represent the first efforts to offer U.S. indices of this focus, an important development given the distinct economic needs of people with disabilities and the value in accounting for distinct national policies. The indices rely on U.S. Census and other data on economic …

Private Benefits From Ambient Air Pollution Reduction Policies Evidence From The Household Heating Stove Replacement Program In Chile, Adolfo Uribe, Randall Bluffstone, Carlos Chávez, Walter Gómez, Marcela Jaime

Economics Faculty Publications and Presentations

We estimate the key private benefits from a program to improve ambient air quality during winter in central Chile by replacing inefficient wood-fired home heating stoves with more efficient pellet stoves. We are interested in the private benefits to households because they represent the additional value of the program and likely drive private adoption. Combining electronic stove surface temperature and air pollution monitoring with household surveys, we estimate the effects of adoption on household fuel expenditures, indoor temperatures, and indoor air pollution concentrations (PM2.5). We also explore heterogeneous effects of the program by income group and energy poverty status. Our …

The Covid-19 Pandemic And Primary Care Appointment Availability By Physician Age And Gender, Janna Wisniewski, Sarah E. Tinkler, Brigham Walker, Miron Stano, Rajiv Sharma

Economics Faculty Publications and Presentations

Using data generated through simulated patient calls to a national random sample of primary care physicians between February and July 2020, we examine the effects of the first wave of COVID-19 on the availability of the U.S. primary care physician workforce for routine new patient appointments. As states enacted stay-at-home orders, physicians overall became less selective by insurance, and there was a 7 percentage-point increase in acceptance of patient insurance. Telemedicine appointment offers increased 10.2 percentage points from near zero. However, relative to younger counterparts, physicians older than the sample mean (53.1 years) became 18.1 percentage points less likely to …

An Economic Evaluation Of The Use Of Non-Combusted Alternatives Using A Cost Of Illness Approach: The Philippine Case, Christopher James R. Cabuay

Angelo King Institute for Economic and Business Studies (AKI)

Smoking continues to be one of the leading causes of death and disability around the world. Recent health studies, however, have reported that these diseases are more likely to be due to the smoke from burning rather than the actual nicotine content. This study uses a cost of illness approach in estimating the cost of smoking-related illness in the Philippines and calculating the potential reduction in costs if a significant portion of the adult smoking population switches to the exclusive use of non-combusted alternatives (NCAs), which drastically reduces the risk of contracting smoking-related diseases. This study finds that cost reductions …

Will The Philippine Development Plan 2023-2028 Targets Be Met?, Jesus Felipe

Angelo King Institute for Economic and Business Studies (AKI)

EARLY THIS YEAR, President Ferdinand Marcos, Jr. signed the Philippine Development Plan 2023-2028 (PDP). The document contains hundreds of targets. Some of the key targets to be attained by 2028 are as follows (in fact, the Plan provides yearly targets):

1.) an annual growth rate of 6.5-8% (since 2024); 2.) a gross national income per capita of $6,044-$6,571 (50% higher than that in 2023); 3.) inflation between 2%-4% (from 2.5%-4.5% in 2023); 4.) a government fiscal deficit of 3% (from 6.1% in 2023); 5.) a debt-to-GDP ratio of 48%-53% (from 60%-62% in 2023); 6.) an unemployment rate of 4%-5% (from …

Borderplex Business Barometer, Volume 7, Number11, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

A Brief Comparison Of Two Early Neighborhoods: Consumerism And Social Class In 20th Century Lincoln, Nebraska, Mariska Molnar

Department of Anthropology: Theses and Student Research

In the Fall of 2018, Matthew Hansen monitored the destruction of a parking lot two blocks north of the Capitol Building in Lincoln, Nebraska for the subsequent building of a geothermal system. During this period, and excavation was conducted with the aid of the University of Nebraska-Lincoln Campus Archaeology Project, and 12 features were identified. Five features produced artifacts, with Feature 11, a cistern, being the most fruitful. The collection was named the Capitol Wellfield, and a portion of the artifacts, which includes diagnostic glass and ceramic pieces, are housed on campus for studying.

Most research and publication have been …

Decomposability And Strategy-Proofness In Multidimensional Models, Shurojit Chatterji, Huaxia Zeng

Research Collection School Of Economics

We introduce the notion of a multidimensional hybrid preference domain on a (finite) set of alternatives that is a Cartesian product of finitely many components. We demonstrate that in a model of public goods provision, multidimensional hybrid preferences arise naturally through assembling marginal preferences under the condition of semi-separability - a weakening of separability. The main result shows that under a suitable “richness” condition, every strategy-proof rule on this domain can be decomposed into component-wise strategy-proof rules, and more importantly every domain of preferences that reconciles decomposability of rules with strategy-proofness must be a multidimensional hybrid domain.

House Bubbles, Global Imbalances And Monetary Policy In The Us, Anastasios Evgenidis, A. (Tassos) G. Malliaris

School of Business: Faculty Publications and Other Works

This paper examines the factors driving housing price exuberance in the United States, specifically the influence of expansionary monetary policies and the global saving glut. We employ medium scale Bayesian VAR and time-varying VAR models to estimate the effects of monetary policy and global saving glut shocks on US housing bubbles. We find that, prior to the Global Financial Crisis, the impact of the saving glut shock is more enduring, powerful, and rapid in generating housing bubbles compared to monetary policy shocks. However, the recent housing boom that commenced in 2019 demonstrates a different pattern. Our results suggest that both …

The Event At Rebecca Farm 2023, Kalispell, Montana, Ava Worbets, Hunter Tillman, Megan Schultz

Institute for Tourism and Recreation Research Publications

This study was conducted for Rebecca Farm to provide insight into the characteristics of attendees to the twentysecond annual The Event at Rebecca Farm. Paper surveys were completed by 158 attendees of the event. Results show that 41% of attendees were residents of Flathead Country and 59% came from outside of Flathead County. Visitors spent an average of 6.55 nights in the Flathead Valley area. People spent the most money ($96,336) on accommodations (hotel/motel/B&B/rental cabin/home), followed by restaurants/bars ($21,265), then the Rebecca Farm Trade Fair ($17,126). Respondents to the survey reported total spending of $199,471 in the Flathead Valley. Results …

Yellowstone Harvest Festival, Livingston, Montana, Ava Worbets, Hunter Tillman, Megan Schultz

Institute for Tourism and Recreation Research Publications

attendees of the Yellowstone Harvest Festival. Surveys were implemented on site during the event. A total of 78 event attendees participated in the survey. Results show that 81% of respondents were residents of Montana and of those Montana residents, 33% were from Park County. Out-of-county respondents spent an average of 3.55 nights away from home. Of those nights, an average of 2.46 of those nights were in Livingston and 3.50 nights in other nearby locations. Respondents to the survey reported a total spending of $18,134 in the Livingston/Park County area. Results provide event organizers and Explore Livingston with useful data …

Two Essays In Agriculture Trade And Food Security: 1. Decomposing The Impact Of Gmo Regulation On Bilateral Trade: An Application To Corn Trade; 2. Can Food-Security Policies In Tunisia Be Better Targeted?, Mohamed Amine Hedoui

Dissertations and Doctoral Documents, University of Nebraska-Lincoln, 2023–

This dissertation is composed of two essays on agricultural trade and food security. The first chapter is entitled “Decomposing the GMO regulation impact on bilateral trade.” The essay analyses the complex impact of GMO regulations among countries on bilateral trade with a focus on GMO approvals. Three effects impact bilateral trade flows between trade partners: productivity enhancements in the source country, sorting cost from bilateral dissimilarity in regulations, and stringency impact on import demand. We estimate the model using a panel dataset of corn trade and two econometric approaches (PPML, Heckman sample-selection). We find that GMO laxity in production of …

Information Loss In Volatility Measurement With Flat Price Trading, Peter C. B. Phillips, Jun Yu

Research Collection School Of Economics

A model of financial asset price determination is proposed that incorporates flat trading features into an efficient price process. The model involves the superposition of a Brownian semimartingale process for the effcient price and a Bernoulli process that determines the extent of price trading. The approach is related to sticky price modeling and the Calvo pricing mechanism in macroeconomic dynamics. A limit theory for the conventional realized volatility (RV) measure of integrated volatility is developed. The results show that RV is still consistent but has an inflated asymptotic variance that depends on the probability of flat trading. Estimated quarticity is …

How Tiktok “Locks In” Its Users With Reference To What Happened In The Homeland Version Douyin Application, Yang Yang, Li Zi'ang, Zhigen Zhao, Sabrina (Zi Tong) Peng, Liyu Dou, Changyu Li, Yinqi Wang

Research Collection School Of Economics

In October 2022, Douyin, the homeland version of TikTok, introduced a new rule requiring all its users to promote only Douyin-approved products during their live-streaming events and in their non-live short-videos. This requirement essentially restricts its users to monetize their content strictly through Douyin-approved products, as promoting products has become the most important source of income for Douyin users. This requirement essentially creates a lock-in effect.

Financial Crisis And Female Entrepreneurship: Evidence From South Korea, Jungho Lee, Sunha Myong

Research Collection School Of Economics

We document a drastic increase in female-owned manufacturing firms in South Korea after the 1997 financial crisis. During the crisis, a major banking sector reform was conducted, and many underperforming bank branches were forced to close down. Using a geographical variation of bank branch closures during the reform, we show that the banking sector reform resulted in a rise in female entrepreneurship. We present evidence that male-owned firms were preferred by the closeddown bank branches, despite female-owned firms exhibiting lower risks and higher returns. The banking sector reform, although not explicitly aimed at addressing gender disparities, substantially benefited female entrepreneurs …

Legal Protection Of Property Rights: A Dynamic Evolution Model, Fali Huang

Research Collection School Of Economics

This paper presents an analysis of a dynamic evolution model of institutions, focusing on the factors affecting the security of property rights such as coercive capacity, political power, legal quality, and private protection. These factors are endogenously determined in equilibrium, allowing legal quality to serve as a summary indicator of property security. The primary finding of the study indicates that the legal protection of property rights tends to increase over time, driven by a decline in the economy's vulnerability to expropriation, particularly due to the growing importance of commercial and industrial activities relative to agriculture. Furthermore, the coexistence of the …

Work Hard For The Money: Performance-Based Funding In The State Of Louisiana, Victoria C. Lloyd

LSU Doctoral Dissertations

The purpose of this study is to examine in what ways, if any, the introduction of the equity incentive portion of Louisiana’s performance-based funding model impacted the underserved student groups it was designed to support. I employed a quantitative quasi-experimental design for this study by running three outcome variables (Adult Learner Enrollment, First-Time Enrollment for Racially Minoritized Students, and Low-Income Student Enrollment) by sector (two- and four-year public institutions) and employing a differences-in-differences regression with panel data. In my analysis I uncovered two main findings: 1) Louisiana’s equity incentive is showing early signs of success for all three underserved groups …

Unintended Effects Of Preferential Tax Assessment On Farmland Protection: Evidence From Utah's Farmland Assessment Act, Wai Yan Siu, Man Li, Arthur J. Caplan

Applied Economics Faculty Publications

This study examines the effect of Utah's Greenbelt program, the state's preferential tax-assessment effort to protect farmland, using an instrumental variable-fixed effects strategy. We find that an unintended effect of the program leads to more conversion of agricultural land to development than the protection it provides. The protection effect is concentrated on parcels with smaller agricultural areas, while conversion occurs on parcels with larger agricultural areas. Our findings shed light on the rationale of a proposed amendment to the policy—Utah House Bill 25—which did not pass during the 2016 legislative session.

Suggested Versus Extended Gifts: How Alternative Market Institutions Mitigate Moral Hazard, Weiwei Zheng, Jason Shachat, Daniel Houser

ESI Working Papers

Gift exchange can partially mitigate supply-side moral hazard, even in anonymous market interactions. In a market where quality is not fully contractable, the amount that a price exceeds the market-clearing level for the lowest quality is a gift from the buyer. We show that the gift formation process, inextricably linked with a market institution’s price formation process, greatly influences the size and effectiveness of the gift. When the market institution dictates that prices are formed by bids posted by buyers, any gift is one extended to the seller. When the market institution dictates that prices are formed by offers posted …

Metro Migration In The Mountain West, 2018-2021, Saha Salahi, Zachary Billot, Caitlin J. Saladino, William E. Brown Jr.

Demography

This fact sheet examines the annual population changes from international migration and net domestic immigration in Mountain West metropolitan statistical areas (MSAs) with populations exceeding 1 million from 2018 to 2021. This fact sheet includes U.S. Census data as reported in the Brookings Institution report, “New census data shows a huge spike in movement out of the big metro areas during the pandemic” by William H. Frey.

Physical Decline Rates: Men Versus Women, Ray C. Fair

Cowles Foundation Discussion Papers

This paper uses world records by age in running, swimming, and rowing to estimate a biological frontier of decline rates for both men and women. Decline rates are assumed to be linear in percent terms up to a certain age and then quadratic after that, where the transition age is estimated. For both men and women decline rates are smallest for rowing, followed by swimming and then running.

Decline rates for women are roughly the same as those for men for the short swimming events. They are slightly larger for the longer swimming events and for the rowing events. They …

The Covid-19 Pandemic And Work From Home, 2019-2021, Maryam Raja, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet presents data from the American Community Survey (ACS) Report, “Home Based Workers and the COVID-19 Pandemic,” which examines how the COVID-19 pandemic affected commuting patterns and workplace systems. The data examine how the pandemic shifted norms in work culture and conditions in Mountain West states and metropolitan statistical areas (MSAs).

Moving Beyond Transactional Coursework To Enhance Student Success In University Classes, Mark R. Reavis, Kuldeep Singh

Journal of Educational Research and Practice

The goal of teaching is student success, but defining success can be daunting. A rudimentary description of student success involves academic achievement and students’ attainment of a high level of satisfaction with their educational process. The pinnacle of student success is transformational learning. Transformational learning is ultimately evidenced by knowledge-based, responsible, and autonomous thinking. Student engagement enhances student success. As a result, course design and assignment design are critical. The purpose of this paper is to demonstrate how an online discussion assignment can be used to enhance student engagement and increase student success in a university class. The assignment presented …

Asymmetric Shocks In Contests: Theory And Experiment, Jian Song, Daniel Houser

ESI Publications

Under optimal tournament design, equilibrium effort is invariant to the shape of the mean-zero additive stochastic component, often referred to as a “shock” or “noise”. We report data from laboratory experiments providing the first test of this prediction. Consistent with theory, we find that average effort does not significantly differ between a negatively skewed and uniform shock distribution. In addition, we test a second theoretical prediction that, in winner tournaments, when the shock distribution is asymmetric as in our design, one should exert minimum effort whenever one's competitors are exerting above equilibrium effort. With a symmetric shock distribution as in …

Efficiency And Distributional Effects Of Federal College Subsidies During The Great Depression, Gerald Jaynes, Alexander B. Kane

Discussion Papers

We conduct the first quantitative assessment of federal college subsidies during the 1930s. Overlapping generation households invest in children’s education to maximize multigenerational utility, and the government subsidizes college to maximize enrollment subject to a budget constraint and recipients satisfying ability and income qualifications. A modelling innovation assigns children educational ability through a random regression to the population mean correlated with father’s presumed ability ranking via his percentile in fathers’ earnings distribution. Simulating the theoretical model, the equilibrium that replicates actual education distributions estimates federal college subsidies increased graduation rates of the cohort of White Americans reaching college age during …