Economics Commons^™

Studying Successful Ageing: A Showcase Of The Singapore Life Panel, Jee Yuen Yew, Jia Wei Gwee, Anirudh Srivathsan

ROSA Research Briefs

In this special issue of the ROSA Research Brief Series, we showcase two aspects of the work being done at the Centre for Research on Successful Ageing (ROSA). Firstly, we showcase the capabilities of the Singapore Life Panel (SLP) and the data that the SLP is able to obtain and measure on a monthly basis. Secondly, we showcase the amazing work of the SGUnited Traineeship Programme’s Research Assistants at ROSA who have proven themselves to be incredible assets in helping further ROSA’s aims of enabling successful ageing in Singapore. ROSA aims to measure well-being among older adults holistically in order …

Effects Of Covid: Non-Essential V Essential Industries, William Shipley

Accounting Undergraduate Honors Theses

As the year 2020 has finally come to an end and the end of Covid is in near sight, it is important for us to look back at how it has shaped the world from an economic perspective. Ever since the closure of most of the U.S. and global economy in March 2020 it has made us deem which companies we consider essential and non-essential. This major decision came as all governments across the world had to close the operations of as many companies they could to limit the spread of the covid-19 virus. This major choice of determining what …

The Impact Of Information Shocks And Partisanship On The Evolution Of Covid-19 In Connecticut, Joslin Valiyaveettil

Honors Scholar Theses

The COVID-19 pandemic has affected all aspects of life within the United States since early 2020. How people decided to behave during this time heavily influenced the trends that followed, triggering both health and behavioral economic concerns. Those trends seemed to vary based on the area and the beliefs of those constituents. This paper explores how partisan beliefs had an impact on the changes in case rates that occurred within the top 30 most populated towns in the state of Connecticut. In July 2020, former President Donald Trump sent out a tweet publicly endorsing face masks for the first time. …

Covid-19: A Black Swan?, Ben M. Uehlinger

Senior Honors Projects, 2020-current

A Black Swan, as termed by Nassim Taleb, is an unexpected, high magnitude event that is often rationalized in hindsight. 9/11 and the Financial Crisis of 2008 are two examples of these tail probability events. Though COVID-19 has been regarded as momentous and unexpected, Taleb does not credit it as a true Black Swan. This paper aims to compare COVID-19 to these recent Black Swans in terms of predictability and significance. Cointegration was tested across 11 major sectors. Further economic indicators were explored with the goal of discussing the broader context of each event. It was concluded that COVID-19 was …

Exploring Equity In Health And Poverty Impacts Of Control Measures For Sars-Cov-2 In Six Countries, Sedona Sweeney, Theo Prudencio Juhani Capeding, Rosalind Eggo, Maryam Huda, Mark Jit, Don Mudzengi, Nichola R. Naylor, Simon Procter, Matthew Quaife, Lela Serebryakova

Community Health Sciences

Background: Policy makers need to be rapidly informed about the potential equity consequences of different COVID-19 strategies, alongside their broader health and economic impacts. While there are complex models to inform both potential health and macro-economic impact, there are few tools available to rapidly assess potential equity impacts of interventions.
Methods: We created an economic model to simulate the impact of lockdown measures in Pakistan, Georgia, Chile, UK, the Philippines and South Africa. We consider impact of lockdown in terms of ability to socially distance, and income loss during lockdown, and tested the impact of assumptions on social protection coverage …

Youth Disconnection During The Covid-19 Pandemic, Mark Borgschulte, Yuci Chen

Upjohn Institute Policy and Research Briefs

No abstract provided.

Covid-19: The Impact Of A Nation’S Political Economic Structure On Its Labor Market Spending Policies, Mary Margaret Baldy

Business and Economics Honors Papers

The onslaught of COVID-19 in March 2020 claimed the lives of millions and caused a global economic downturn marked by vast unemployment. Previous research has focused on how fiscal policy is utilized by advanced developed nations and their objectives with respect to fiscal policy. This paper aims to examine how a given nation’s labor market spending policies are impacted by its political economic structure. In order to delineate between and analyze the approaches of different political economic structures, this paper utilizes Nordic, Liberal, and Asian States constructs. In order to investigate the impact of political economic structure on labor market …

Youth Disconnection During The Covid-19 Pandemic, Mark Borgschulte, Yuci Chen

Upjohn Institute Working Papers

This paper studies the impact of the COVID-19 pandemic on youth disconnection—i.e., the share of young people who were neither in school nor at work. Youth disconnection offers important advantages, relative to unemployment or participation rates, as a measure of the labor market for the most marginal and disadvantaged youth. Before the pandemic, approximately one out of eight young people between the ages of 18 and 24 were disconnected. The disconnection rate increased dramatically in April 2020 because of the pandemic; however, it has decreased quickly since that time. The increase in the disconnection rate at the beginning of the …

How College Enrollment Changed For Kalamazoo Promise Students Between Fall 2019 And Fall 2020, Daniel Collier, Isabel Mcmullen, Brad J. Hershbein

Upjohn Institute Policy Papers

The COVID-19 pandemic greatly reduced the college enrollment rate for students during the Fall 2020 semester. National data show that although enrollment of new students declined overall, it varied substantially by institution type and student characteristics. What national data do not reveal is how certain communities with already high college-going rates responded to the pandemic. We use data from Kalamazoo Public Schools (KPS) and the tuition-free program the Kalamazoo Promise to compare the immediate college enrollment of graduating high school students from the class of 2019 to that of the class of 2020. Overall, immediate college enrollment of KPS graduates …

Rethinking Credentials For Aviation Sustainability: A Dacum Approach, Leila Halawi

Publications

The pandemic of COVID-19 Millennials aren't the youngest working generation anymore, and Gen Zers are the new kids on the block. This group of individuals, born between 1995 and 2019, already makes up 5% of the total U.S. labor force, roughly 9 million people. However, the skills gap is real and exists, one in which research shows that new college graduates either do not have all the skills employers want, or they are not doing an excellent job of demonstrating those skills in their resumes.

Sustainability programs consistently encounter challenges that threaten the future as a viable academic discipline. It …

Essays In The Economics Of Tournaments, Eren Bilen

Theses and Dissertations

This dissertation consists of three essays that focus on tournaments, incentives, and performance. The first essay presents evidence of cheating that took place in online examinations during COVID-19 lockdowns and proposes two solutions with and without a camera for the cheating problem based on the experience accumulated by online chess communities over the past two decades. The best implementable solution is a uniform online exam policy where a camera capturing each students computer screen and room is a requirement.

The second essay investigates the "superstar effect" using observations from chess tournaments. Superstars exist in many places. In competition, they might …

Government Management Capacities And The Containment Of Covid-19: A Repeated Cross-Sectional Study Across Chinese Cities, Wenchao Li, Jing Li, Junjian Yi

Research Collection School Of Economics

Objectives: Better understanding of the dynamics of the COVID-19 (2019 novel coronavirus disease) pandemic to curb its spread is now a global imperative. While travel restrictions and control measures have been shown to limit the spread of the disease, the effectiveness of the enforcement of those measures should depend on the strength of the government. Whether, and how, the government plays a role in fighting the disease, however, has not been investigated. Here, we show that government management capacities are critical to the containment of the disease. Setting: We conducted a statistical analysis based on cross-city comparisons within China. China …

Organizational Resources, Country Institutions, And National Culture Behind Firm Survival And Growth During Covid-19, Yu Liu, Mike W. Peng, Zuobao Wei, Jian Xu, Lixin Colin Xu

School of Economics and Finance Faculty Publications

This paper provides one of the first comprehensive and most updated studies on the effects of firms’ organizational resources, country institutions, and national culture on the survival and growth of private firms around the world during the COVID-19 pandemic. Analyzing World Bank Enterprise Follow-up Surveys on COVID-19 that cover 18,770 firms in 36 countries, the paper documents four sets of findings. (1) During the pandemic, firms with favorable organizational resources (state ownership and affiliation with parent companies) are more likely to survive and grow, whereas firms with foreign ownership or more financial obstacles are less likely to survive or grow. …

Public-Private Partnerships In Transportation Infrastructures: A Tool To Overcome The Post-Covid-19 Economic Crisis In Spain, José-María Rotellar-García, Mario González-Medrano

Journal of New Finance

An indicator of the economic crisis generated by COVID-19, provided by the National Institute of Statistics is the decrease in the numbers of passengers in collective transport and international tourists arriving in Spain in 2020. To overcome this economic crisis, this paper analyzes, by using exploratory research methodology, the implementation of new passenger transportation infrastructures through public-private partnerships. With this approach, it will be possible to mobilize private capital, create jobs, obtain tax return and generate economic activity. We propose that priority actions related to the areas of collective public transport, urban mobility and road safety on conventional roads, should …

Examining The Impact Of Socioeconomic Variables On Covid-19 Death Rates At The State Level, James L. Doti

Economics Faculty Articles and Research

This study uses a step-wise regression model to identify the socioeconomic variables most significant in explaining COVID-19 death rates on a state-level basis. The regression tests cover the 1/1/2020 to 12/1/2020 period as well as the first and second halves of 2020. This study also uses the Oxford stringency index to measure more precisely the efficacy of governmental mandates at the state level. The results in this study rigorously showed that while the density variables were the most significant explanatory variables during the first half of the year, their significance fell during the second half. Use of the Oxford stringency …

Change In Outbreak Epicentre And Its Impact On The Importation Risks Of Covid-19 Progression: A Modelling Study, Oyelola A. Adegboye, Adeshina I. Adekunle, Anton Pak, Ezra Gayawan, Denis H. Y. Leung, Diana P. Rojas, Emma S. Mcbryde, Damon P. Eisen

Research Collection School Of Economics

Background: The outbreak of Severe Acute Respiratory Syndrome Coronavirus-2 (SARS-CoV-2) that was first detected in the city of Wuhan, China has now spread to every inhabitable continent, but now the attention has shifted from China to other epicentres. This study explored early assessment of the influence of spatial proximities and travel patterns from Italy on the further spread of SARS-CoV-2 worldwide. Methods: Using data on the number of confirmed cases of COVID-19 and air travel data between countries, we applied a stochastic meta-population model to estimate the global spread of COVID-19. Pearson's correlation, semi-variogram, and Moran's Index were used to …

The Impact Of Covid-19 On The Standard & Poor 500 Index Sectors: A Multivariate Generalized Autoregressive Conditional Heteroscedasticity Model, Maha Elhini, Rasha Hammam

Economics

Purpose – This paper aims to examine the impact of the daily growth rate of COVID-19 cases in the USA (COVID), the Federal Fund Rate (FFR) and the trade-weighted US dollar index (USDX) on S&P500 index daily returns and its 11 constituent sectors’ indices for the time period between January 22, 2020, until June 30, 2020. Design/methodology/approach – The study uses the multivariate generalized autoregressive conditional heteroscedasticity (MGARCH) model to gauge the impacts over the whole period of study, as well as over two sub-periods; first, January 22, 2020, until March 30, 2020, reflecting uncertainty in the US markets and …

Impact Of Covid-19 On Stock Markets: An Investigation And Way Forward, Aaditya Trivedi, Tajinder Pal Singh, Kaushal Kishore

International Review of Business and Economics

This study analyzes the impact of the COVID-19 pandemic on stock markets in different regions of the world. Impact of COVID-19 on the stock market is like a black swan event. To analyze the impact of COVID-19 on the stock market, study includes different indices, ratios, strategies and past events to compare. Study is focused on the stock market of countries such as the United States and India to see effects on developed and developing countries. The trends were found similar worldwide. The United States, which has been a bull market for a long time, is also experiencing a plummeting …

Impact Of The Coronavirus Pandemic On Housing, Bethany L. Paris

Issue Brief on Topics Affecting Kentucky’s Economy

Wear a mask. Wash your hands. Stay home if you are sick. We have all become familiar with the CDC guidelines on staying safe during this unprecedented time. But what if you are at risk of losing your home because you are unable to pay your rent or mortgage? This is the challenge that approximately 288,000 or 10% of Kentucky households have faced throughout the past year.

Kentucky Annual Economic Report 2021, Michael W. Clark, James P. Ziliak, Simon Sheather

Kentucky Annual Economic Report

This report is one of the important ways that the Center for Business and Economic Research fulfills its mission to examine various aspects of Kentucky’s economy as directed by the Kentucky Revised Statutes (KRS 164.738). The analysis and data presented here cover a variety of topics that range from a discussion of Kentucky’s current economic climate to a broad presentation of factors affecting the economy.

The report covers numerous dimensions of Kentucky’s economy and COVID-19’s effects are evident across many of these dimensions. The pandemic brought the longest running economic expansion to an abrupt end. By April, Kentucky’s employment declined …

Kentucky's Economic Recovery, Ashli Watts, Michael W. Clark

Kentucky Economic Update

Highlights of this first release of “Kentucky Economic Update” include:

• Kentucky’s GDP bounced back during the 3rd quarter of 2020 but was still below pre-pandemic levels.
• While employment was still down 5.2% in December compared to a year ago, Kentucky has recovered 65% of jobs lost during initial months of the pandemic.
• As of December 2020, Kentucky’s unemployment rate stood at 6%, down from 16.6% in April 2020.
• Kentucky’s labor participation rate, which was 59.6% just before the pandemic dropped to 57.5% in December 2020.

Depth-Weighted Forecast Combination: Application To Covid-19 Cases, Yoonseok Lee, Donggyu Sul

Center for Policy Research

We develop a novel forecast combination based on the order statistics of individual predictability when many forecasts are available. To this end, we define the notion of forecast depth, which measures the size of forecast errors during the training period and provides a ranking among different forecast models. The forecast combination is in the form of a depth-weighted trimmed mean, where the group of models with the worst forecasting performance during the training period is dropped. We derive the limiting distribution of the depth-weighted forecast combination, based on which we can readily construct forecast confidence intervals. Using this novel forecast …

The Effect Of Attendance On Home Field Advantage In The National Football League: A Natural Experiment, Justin Ehrlich, Joel Potter, Shane Sanders

Sport Management - All Scholarship

While economists have previously noted that home field advantage is affected by crowd density, isolating this effect is difficult since crowd size is likely endogenous with team ability and game matchup. The COVID-19 pandemic has presented a unique natural experiment since local governments have introduced safety protocols that varies widely across the United States. These safety protocols have limited attendance in varying ways for live sporting events, including National Football League games. Given the differential (and exogenous) attendance restrictions, we were able to isolate three broad categories of attendance: 1) games without attendance restrictions (seasons 2016-2019), 2) games with limited …

Poll Finds Rural Residents More Hesitant To Get Vaccinated, Tim Marema

Journal of Appalachian Health

Rural residents are more hesitant than their metropolitan counterparts to get a Covid-19 vaccination, even though rural areas have higher rates of infections and deaths from the coronavirus.

Impact Of The Covid-19 Shutdown On Mental Health In Appalachia By Working Status, Erin N. Haynes, Timothy J. Hilbert, Susan C. Westneat, Kate Leger, Katie Keynton, Heather M. Bush

Journal of Appalachian Health

Introduction: To slow the spread of COVID-19 in the United States, businesses shutdown in Spring 2020. Research has indicated the impact on frontline workers, yet little is known about the impact on those who were not working outside the home or switched to working remotely.

Purpose: The purpose of this report is to identify the financial and healthcare issues and mental health impact of the COVID-19 shutdown on Appalachians by worker categories.

Methods: An online survey was administered from May 8 – June 6, 2020 to a convenience sample of previous research participants and shared through social …

Corona's Bio-Economic Crisis And The Post-Corona World, Cyrus Bina

Economics & Management Publications

While pandemics are pervasive, this is for the first time that the capitalist mode of production reached the outer limits of biology, biosphere, ecology, economy, geography, and international relations in unison resulting in an all-encompassing crises that devastated the entire planet. The upshot of this pandemic has overwhelmed the infrastructure of public health across the globe with stunning speed and with infections in millions in just a few months and the velocity of economic damage and devastation much worse than the Great Depression of the last century. It is also the “proof of the pudding” for the “conquest of mode …

Measuring Environmental (Dis)Amenity Value During A Pandemic: Early Evidence From Maryland, Nicholas B. Irwin, Mitchell R. Livy

Molasky Family Department of Economics and Real Estate Faculty Research

© 2021 The Authors With the outbreak of COVID-19 and the implementation of stay-at-home (SAH) orders aimed to mitigate its spread, households became less mobile and sheltered in place. This behavior has potential implications for how households’ value environmental (dis)amenities, especially those that are underutilized during the pandemic. In this paper, we explore changes in the valuation of two prominent environmental (dis)amenities – major roadway and open space proximity – by households within the Baltimore metropolitan region. We find evidence that the housing price capitalization of immediate major roadway proximity changes due to the SAH order and associated policies that …

Part 1: Inflection Point? Covid-19, Vaccines And The Recovery, Dragas Center For Economic Analysis And Policy, Old Dominion University

State of the Commonwealth Reports

To say that most Virginians would prefer to forget 2020 might be an understatement. The COVID-19 pandemic threw tens of thousands of Virginians out of work, shuttered businesses and abruptly transitioned much of education into the world of remote learning. As 2021 draws to a close, the story has changed from one of shock to one of recovery. In this chapter, we examine the impact of the pandemic, the ongoing recovery and prospects for continued growth in 2022.

Part 1: Shock And Awe? Covid-19, Vaccines, And The Recovery, Dragas Center For Economic Analysis And Policy

State of the Region Reports: Hampton Roads

The COVID-19 pandemic shook the Hampton Roads economy. One in 10 workers were unemployed at the height of the pandemic, 4 in 10 small businesses were forced to reduce hours and thousands of residents left the labor force entirely. Yet, in the midst of the pandemic, housing prices and trade volumes through the Port of Virginia continued to rise. We explore the economic recovery and discuss whether Hampton Roads can rely on defense spending in the coming decade.

The State Of The Region: Hampton Roads 2021, Dragas Center For Economic Analysis And Policy, Old Dominion University, Vinod Agarwal, Barbara Blake, Steve Daniel, Ashley Desilva, Addie Gregory, Elizabeth Janik, Nikki Johnson, James V. Koch, Tim Komarek, Feng Lian, Sharon Lomax, Christian Manty, Janet Molinaro, Brendan O'Hallarn, Hannah White, Jake Zalewski

State of the Region Reports: Hampton Roads

[From the introductory material]

This is Old Dominion University’s 22nd annual State of the Region Report. While it represents the work of many people connected in various ways to the university, the report does not constitute an official viewpoint of Old Dominion, its president, Brian O. Hemphill, Ph.D., the Board of Visitors, the Strome College of Business or the generous donors who support the activities of the Dragas Center for Economic Analysis and Policy.

Over the past year, we have endured the depths of the COVID-19 pandemic, the introduction of vaccines and a return to a semblance of normality in …