Economics Commons^™

The Economic Assessment Of The White River (Michigan), Christian Glupker, Paul Isely

Other Faculty Publications

SUMMARY OF ECONOMIC IMPACT

• There were 69,543 visitors to the White River in the past year, with 35,329 visitors coming from outside the local region.
• The local primary river users visited the river 49.3 times per year and nonlocal primary river users visited the river 14.7 times per year.
• The nonlocal primary river users averaged $15.84 in spending per person, per day, resulting in $9.0 million in total direct spending.
• The nonlocal primary river users generated $8.3 million in economic output, adding $4.2 million to the local GDP, and support for 80 jobs.
• There was $75,539 in additional tax revenue …

Determinants Of Market Participation Among Milk Producers In Kyrgyzstan, Akhmadjon Nurullaev

Graduate Theses and Dissertations

This study explores the key factors that drive milk producers to enter the milk market as sellers in Kyrgyzstan. The study utilizes the Life in Kyrgyzstan dataset, a nationally representative survey that tracks 3,000 households and 8,000 individuals throughout Kyrgyzstan. The results were analyzed with two different models: Heckman’s two-stage and the double hurdle models. The results show that regional location, ethnic group origin, risk awareness, dependency ratio, vehicle ownership, total value of assets, distance to agro market, and family shock occurrence significantly impact both market participation and the volume of milk sales. The findings hold great significance in establishing …

Are There Differences In Household Borrowing Across Religions?, Seth Dunn

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

This study explores the relationship between religion and economic behavior, specifically asking whether variations in household borrowing can be attributable to identification with different Christian religious traditions across the United States. The hypothesis of different borrowing behaviors across religions is motivated historically and theoretically. Historical data from l967 and 1971 are used in ordinary least squared and logistic regression analyses. Density of religious affiliations and relevant controls are used to predict households’ debt and attitudes towards different reasons for borrowing. Some differences across religions are found. This research contributes to a broader literature exploring the impact of religion on economic …

Global Energy Consumption: An Analysis Of Variables That Shape Per Capita Usage, Or How Pump Price, Urbanization, And Fossil Fuels Imports Impact Fossil Fuels Consumption Per Capita Across Oecd Countries, Mila Demchyk Savage

Graduate Program in International Studies Theses & Dissertations

Among reasons explaining the importance of studying fossil fuel consumption are: crude oil is a subject of the international commodities market, thus, any fluctuation related to its' availability or price would impact the rest of the World; natural resources like oil, gas, and coal are limited; the extensive use of fossil fuels harms our surroundings, creating many environmental concerns; every human (on average) has been using more energy since 1971 and the trend is expected to continue. The upward trend is not consistent among individual countries. Therefore, the core question of my research is, `Why do some countries consume less …

The Economic Impact Of Oil And Gas Production In The Permian Basin, Aditi Sarkar

Economics ETDs

The dissertation aims to analyze the economic and social consequences of unconventional oil and gas (UO&G) production in the Permian Basin, located in southeastern New Mexico and West Texas. The first paper focuses on the effect of methane reduction regulations imposed by the United States (US) government on the production of natural gas and the drilling of new wells. Specifically, the question asked is “what is the impact of methane reduction regulations on the drilling of new wells and the production of natural gas over a 40-year time horizon?” I develop dynamic optimization in a system dynamic setting to assess …

Essays On Human Capital, Labor, And Gender, Kritika Sen Chakraborty

Economics ETDs

This dissertation is a collection of chapters that demonstrate the factors affecting human capital and labor market outcomes of adolescents and the gender differences in the quality of employment of adults in South Africa.

The second chapter evaluates the impact of South Africa’s Child Support Grant, an unconditional means-tested grant provided to age-eligible children, on adolescent nutrition outcomes. The findings suggest that welfare programs can alleviate extreme undernutrition and overnutrition among females during the critical growth period of adolescence.

In the third chapter, I use longitudinal data from rural South Africa linked with geospatial climate indicators to examine the effect …

Three Essays On The Economics Of Children’S Health And Education In Nepal, Khusiman Pun

Economics ETDs

First essay: This paper studies the impact of Nepal’s 1996-2006 Maoist insurgency on the nutritional status of children. We employ the difference-in-difference (DID) model. The proxy for conflict intensity is killings per thousand population (KPT). The finding of our study is that a marginal increase in KPT decreases the height-for-age (HAZ) of the children by 0.0844. The loss in child health was statistically not significant in both non-poor and poor households. Therefore, the impact of the insurgency on child health is largely driven by the negative effect of the insurgency on Janajaties, irrespective of their economic status.

Second essay: This …

Who Benefits From Tuition-Free, Top-Quality Universities?: Evidence From Brazil, Suzanne Duryea, Rafael P. Ribas, Breno Sampaio, Gustavo R. Sampaio, Giuseppe Trevisan

Economics Faculty Publications and Presentations

This paper investigates the long-term impact on earnings of attending a tuition-free, top-quality university in Brazil. We identify the causal effect through a sharp discontinuity in an admission process based on test scores. If admitted, low-income students are found to increase their earnings by 26% ten years later. However, admission has a small and insignificant effect on high-income students. The difference between income groups is not explained by educational attainment, program choice, or selection into better-paying jobs. The evidence suggests that most low-income applicants, if not admitted, still graduate from college but with much lower returns to education. High-income applicants …

Two Essays On Retail Trading, Qiqi Liang

Theses and Dissertations in Business Administration

Essay 1: Retail investors from the discount broker Robinhood swarm into stocks with pending earnings announcements and stay away from them immediately after the announcements. We study four competing explanations for this phenomenon: liquidity provision, informed trading, lottery preference, and attention-induced herding by noise traders. We find strong evidence that, immediately around earnings announcements, Robinhood investors’ behavior is primarily driven by attention-induced noise trading. Our results offer new insights into retail traders’ motivation for trading when they face heightened uncertainty from earnings announcements. Our study also goes beyond Barber et al.’s (2022) limited focus on the top 0.5% of the …

Water Scarcity: Impact On Water Rights, Institutions, And An Irrigated Agriculture, Nataly Medina

All Theses

This thesis combines two papers to provide a better understanding of the effects and management of water scarcity during periods of water shortage. The first manuscript discusses the evolution of water rights across the southeastern United States in response to increasing demands and droughts, while the second manuscript studies the effects of water scarcity on agriculture production in the western US.

The southeastern United States has historically benefited from abundant water supplies, allowing them to apply the riparian doctrine with little regulation. However, in the past few decades, the region has undergone major shifts in water policy. In the first …

A Postmortem Analysis Of Covid-19 Ensemble Forecasts: Forward Or Sticky Information?, Jinman Pang

Legacy Theses & Dissertations (2009 - 2024)

This study conducts a postmortem analysis to evaluate the overall forecasting performance of a large number of pandemic transmission models for COVID-19 mortality. For a comprehensive accuracy analysis, we selected thirty-nine prolific forecasting models, which reported continuously national-level weekly incident death forecasts at least fifty times at four weekly horizons between June 8, 2020, and May 28, 2022. We found that the forecasting performance of individual models varies over target weeks and horizons, even after adjusting for time-varying forecast difficulty. Most individual models predicted the turning points with a lag, and very few models excelled at predicting the troughs and …

Understanding Factors Influencing Electric Vehicle Adoption: Evidence From Panel Data Analysis, Ryker Brian

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

This paper investigates the factors influencing the adoption of electric vehicles (EVs) using panel data from California. The analysis employs a panel data model with within effects to examine the relationship between EV adoption rates and various socio-economic factors. The continued analysis gives out-of-sample forecasted results for the 4 counties with the highest share of electric vehicles registered in 2021. Additionally, the paper explores the influence of supply-side issues and complementary infrastructure on EV adoption. An introduction to Hidden Markov Methods is then given as the next step in the research.

The Cost Of Public Mistrust: The Indirect Impact Of Mass Shootings On Home Values, Austin Dey

Boise State University Theses and Dissertations

This thesis examines how mass shootings indirectly impact residential home values across the United States. I hand-collected data on internet search interests around 15 mass shooting events from 2012 to 2019 to measure public concern over mass shootings. Using an event study, I estimate the causal effects of shootings on home values in outlying areas over three years. The results indicate a significant negative relationship between mass shootings and home values two years after an event. This thesis demonstrates that the consequences of mass shootings are not confined to affected areas but have lasting nationwide impacts that reduce economic outcomes …

The Effect Of Covid-19 Uncertainty On Corporate Default Risk: International Evidence, Md Ismail Haidar, Md Showaib Rahman Sarker, André Varella Mollick

School of Economics and Finance Faculty Publications

This paper investigates the effect of COVID-19 uncertainty on corporate default risk using an international sample of firms from 71 countries. We document that corporate default risk increases with higher COVID-19 uncertainty, even after controlling for a wide range of firmlevel and country-level characteristics. The effect is weaker for firms in highly religious adherence countries, stronger for firms in developed countries, and for firms geographically closer to China and Italy. Further, the effect is weaker for highly innovative firms and less financially constrained firms. Our findings are robust to propensity score matching and entropy balancing methods to address selection bias, …

Assessing Determinants Of Participation In Conservation Programs In The U. S., Manita Ale

Department of Agricultural Economics: Dissertations, Theses, and Student Research

The United States Department of Agriculture (USDA) has implemented conservation programs through Natural Resources Conservation Service (NRCS) and Farm Service Agency (FSA). Conservation Reserve Program (CRP), Conservation Stewardship Program (CSP), and Environmental Quality Incentives Program (EQIP) are some of them. These programs provide financial and technical assistance to farmers and ranchers to adopt land management practices that generate environmental benefits. In this study, we explore the determinants of participation in conservation programs (CRP, CSP, EQIP) in Iowa, Kansas, and Nebraska. For this, we use a unique survey-based data set comprising observations from row crop farmers in these states. We are …

Changing The Paradigm For Pesticide Resistance Management, David R. Shaw, Amy Asmus, Jill Schroeder, David Ervin

Economics Faculty Publications and Presentations

Collaborative action on the part of all stakeholders in pest management is essential to effectively address the challenges of pesticide resistance. The US Environmental Protection Agency, through its Pesticide Program Dialogue Committee, recently posted a report on pesticide resistance management and the role the Agency can play in these efforts. In this perspectives piece, we commend the Agency for acknowledging these needs, and encourage implementation of the recommendations. We urge all stakeholders to follow the example set by EPA to engage openly, listen to other stakeholders, and determine their role as part of the broader community that is needed to …

Valuing Ecosystem Services From Restoring Ancient Irrigation Systems: An Application Comparing Labor Vs. Monetary Payments For Choice Experiments, Sahan Dissanayake, Shamen Vidanage

Economics Faculty Publications and Presentations

The use of stated preference methods in developing countries is growing with the increasing concern about the environment as economies develop. At the same time using monetary payment vehicles and estimating a Willingnessto Pay (WTP) can be problematic in rural or low incomes areas in developing countries. Many respondents in these areas regularly engage in barter and paying with labor and do not use monetary payments for all transactions. This distinction from urban areas with a monetary economy and with most settings in developed countries can impact results from valuation studies as the WTP elicited from rural and low-income areas …

The Role Of Filipino Conglomerates In The Nation's Development, Jesus Felipe

Angelo King Institute for Economic and Business Studies (AKI)

Could the country's small and medium companies be the engines of transformation that it needs to attain and sustain the 6.5-8 percent annual growth targeted in the Philippine Development Plan 2023-2028? I doubt it. They have neither the knowledge nor the financial muscle to do it.

There is another group of companies that could lead the way. These are the large conglomerates of the nation. They have much better knowledge of the economy and financial power. Yet, in general, they do not innovate or export. Instead, they are into non-tradable activities (real estate, banking, distribution, insurance, construction, telecommunications and food). …

Two Essays On Credit Risk Correlation, Theophilus Teye Osah

Theses and Dissertations

This dissertation comprises two essays on credit risk correlation. In the first essay, we provide robust empirical evidence that lenders charge higher loan spreads to borrowers with higher credit risk correlation. This effect is concentrated in investment grade firms, driven by tightening lending conditions, and more pronounced for firms with higher rollover risk. Furthermore, banks whose borrowers have higher average credit risk correlation, have greater default risk themselves. In the second paper, we find that a trading strategy that buys high- and sells low-credit risk correlation stocks generates significant risk-adjusted expected return of about 121 bps per annum. Cross-sectional regressions …

Policy With Stochastic Hysteresis, Job Boerma, Georgii Riabov, Aleh Tsyvinski

Cowles Foundation Discussion Papers

This paper studies stochastic hysteresis − general dependence on the path of past decisions and shocks. We develop a new methodology for deriving the explicit dynamics of optimal policy with path-dependence and show that stochastic hysteresis changes optimal policy both qualitatively and quantitatively. We showcase our methodology by deriving new results for optimal policy with stochastic habits, tipping points, robustness concerns, limited commitment, and dynamic private information.

Business Cycle Downturn Estimation For Ciudad Juarez: 1991-2022, Steven L. Fullerton, Thomas M. Fullerton Jr.

Border Region Modeling Project

A monthly frequency metropolitan business cycle downturn likelihood equation is estimated for Ciudad Juarez. The binary index of economic conditions is based upon monthly IMMEX export oriented manufacturing employment. A dynamic probit methodology is used for parameter estimation. Continuous explanatory variables include a 1-year minus 1-month Mexico interest rate spread, a 2015 = 100 weighted real exchange rate index, and a 10-year minus 3-month USA interest rate spread. Parameter estimation results confirm the various hypotheses examined. However, model simulation outcomes are less favorable with the results indicating that accurate forecasting of the post-2010 business cycles may require additional refinement to …

Borderplex Business Barometer, Volume 7, Number 8, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Racial Discrimination In Nba Contracts, Andrew Byrne

All Theses

Throughout NBA history, there has been discrimination that has been faced by black players. This is not limited to the compensation that black players receive compared to white players. Literature in this are showed a significant amount of discrimination occurring between white and black NBA players when holding player performance constant when looking at the mid 1980s. This changed with later literature, as analyses of the early to mid 1990s found that this discrimination had subsided in NBA contracts.

This paper analyzes seasons from the early 1990s through to early 2020s to see whether this change in discriminatory practices holds …

Parental And Individual Correlates Of Work Ethic In Young People In Albania, Eljona Elmazi

All Dissertations

The purpose of this study was to investigate the work ethic strength, dimensions, and correlates in young people in Albania. The review of the available research concluded that, regardless of the attention that youth-related topics have received in the last decade, there was a considerable gap in the understanding of the state and correlates of the work ethic in this group. Using the Multidimensional Work Ethic Profile – Short Form, the work ethic strength and dimensions were explored in an Albanian sample of (N = 501) 18 to 24 years old, otherwise known as Generation Z. Data were collected via …

The Economic Effects Of Covid-19 On Smallholder Farmers In Kenya, Sarah Hope Brasche

Graduate Theses and Dissertations

Like many Sub-Saharan African countries, the Kenyan economy heavily relies on agriculture. Agriculture in Kenya accounted for 50% of the total workforce in 2019 and 70% of the rural workforce. Though reliant on agriculture for employment and subsistence, Kenya has been historically impoverished and malnourished. Kenya has been experiencing an economic recession since 2018, which was exacerbated by the COVID-19 pandemic. Relatively speaking to other African countries, Kenya managed to escape the worst health effects of the pandemic, but the economic effects were substantial. This study analyzes survey responses from 1,059 Kenyan smallholder agricultural producers on the economic impacts they …

Beef And Dairy Substitution Effects Associated With Carbon Labeling And An Information Intervention, Sara Gardner Hedgecock

Graduate Theses and Dissertations

Understanding consumer perceptions of carbon emissions in agriculture is a critical step to help increase the sustainability of food consumption. According to the Food and Agriculture Organization of the United Nations, 14.5 percent of all global anthropogenic GHG emissions are estimated to be represented by livestock (FAO), and cattle, raised for beef and milk, are the largest animal species responsible for emissions, comprising over 60 percent of the livestock sector’s emissions. This motivates this study’s analysis of beef and dairy milk products and alternatives. To better understand how consumers may substitute meat and milk products when provided with information about …

Common Bubble Detection In Large Dimensional Financial Systems, Ye Chen, Peter C. B. Phillips, Shuping Shi

Research Collection School Of Economics

Price bubbles in multiple assets are sometimes nearly coincident in occurrence. Such near-coincidence is strongly suggestive of co-movement in the associated asset prices and is likely driven by certain factors that are latent in the financial or economic system with common effects across several markets. Can we detect the presence of such common factors at the early stages of their emergence? To answer this question, we build a factor model that includes I(1), mildly explosive, and stationary factors to capture normal, exuberant, and collapsing phases in such phenomena. The I(1) factor models the primary driving force of market fundamentals. The …

Bankers As Immoral? Some Parallels And Differences Between Aquinas’S Views On Usury And Marxian Views Of Banking And Credit, Thomas E. Lambert

Faculty and Staff Scholarship

Since ancient times the practices and ethics of bankers and banking in general have undergone a great deal of criticism. While lending is motivated by profit, and while households are not explicitly coerced into borrowing money, the justice of a system which exploits workers and at the same time encourages them to borrow money in order to maintain a certain standard of living can be viewed as sometimes unfair and perhaps immoral. The value of goods, according to St. Thomas Aquinas and Karl Marx, should mostly reflect the value of labor embodied in them, and for that reason, labor should …

Is Neo-Fascism Inevitable? Looking At The Economic Surplus, The Baran Ratio, And Long Wave Cycles, Thomas E. Lambert

Faculty and Staff Scholarship

This paper briefly outlines the idea and development of the economic surplus concept at the macroeconomic level as opposed to the one in microeconomics often labeled as a Marshallian surplus. The notion of a residual amount of output or income over and above what is necessary for a society’s consumption (education, housing, food, clothing, health care, transportation, and other necessities of life) that can be used either for further consumption by an elite class, used for reinvestment in productive activities, and/or wasted on unproductive efforts is one that has been and continues to be taught and used in heterodox and …

Experiences With Environmental Gentrification: Evidence From Chicago, Tania Schusler, Amy Krings, Richard T. Melstrom

School of Environmental Sustainability: Faculty Publications and Other Works

Environmental contamination and limited access to green spaces disproportionately burden communities of color with negative impacts on residents’ health. Yet, cleaning up contamination and creating green spaces has in some cases been associated with displacing long-term residents as the neighborhood becomes desirable to more affluent, often Whiter, populations through environmental gentrification. We used mixed methods to investigate environmental gentrification in the city of Chicago, IL, USA. We examined quantitatively the relationship between green areas, brownfield cleanups, and indicators of gentrification, including race and ethnicity, income, households without children, and home ownership. We explored through qualitative interviews how key informants perceive …