Economics Commons^™

U.S. Employment Outlook For 2014: Can The U.S. Economy Stand On Its Own?, Randall W. Eberts

Periodical Articles

No abstract provided.

The Road Through The Rust Belt: From Preeminence To Decline To Prosperity, William M. Bowen Editor

Upjohn Press

The chapters in this book explore reasons for the decline of "Rust Belt" cities and the often innovative responses of local leaders and entrepreneurs that are helping to revive these areas.

Exports, Imports, Government Consumption And Economic Growth In Upper-Middle Income Countries, Minh Dao

Faculty Research and Creative Activity

Esfahani (1991) shows that the statistically significant correlation between export promotion and economic growth in semi-industrialized countries (SICs) has been mainly attributable to the role of exports in reducing import ‘shortages’, which have impeded output growth in these countries. As a result, export-promotion policies as a superior development strategy in SICs play an important role in those that cannot secure sufficient foreign aid or investment. Esfahani (1991) also develops a simultaneous equations model to address the simultaneity bias between GDP and export growth rates. In this article we extend the model developed by Esfahani (1991) by incorporating the contribution of …

Exports, Imports, Government Consumption And Economic Growth In Upper-Middle Income Countries, Minh Dao

Faculty Research and Creative Activity

Esfahani (1991) shows that the statistically significant correlation between export promotion and economic growth in semi-industrialized countries (SICs) has been mainly attributable to the role of exports in reducing import ‘shortages’, which have impeded output growth in these countries. As a result, export-promotion policies as a superior development strategy in SICs play an important role in those that cannot secure sufficient foreign aid or investment. Esfahani (1991) also develops a simultaneous equations model to address the simultaneity bias between GDP and export growth rates. In this article we extend the model developed by Esfahani (1991) by incorporating the contribution of …

Determinants Of Non-Oil Export And Economic Growth In Nigeria: An Application Of The Bound Test Approach, Samson Adeniyi Aladejare, Abdulwahab Saidi

Journal for the Advancement of Developing Economies

The effects of the recent global economic crises on Nigeria’s economy have reaffirmed the urgent need for economic diversification in the country. Although no country is immune to such global crises, the over reliance on oil export revenue by Nigeria expose her economy excessively to external shocks. Therefore, this research examines the impact of aggregate non-oil sector and its determinant on economic growth. The bound test approach was explored to examine the long and short run effects of the non-oil export and its ensuing determinants. The result reveals a significant effect of non-oil export on economic growth in both the …

Monitoring The Philippine Economy Year-End Report For 2013, Mitzie Irene P. Conchada

Angelo King Institute for Economic and Business Studies (AKI)

Philippine economic growth for the year 2013 exceeded expectations – posting a 7.2 growth despite devastation brought about by the Zamboanga crisis and natural calamities. Economic performance: Upward trend in the demand side was driven by consumer spending and domestic investment; on the other hand, the main growth factor for the supply side was the services sector.

Macroeconomic Effects And Microeconomic Determinants Of Fertility, Maria R. Apostolova-Mihaylova

Theses and Dissertations--Economics

This dissertation focuses on the relationship between the education-based fertility gap and economic growth and on policy as a determinant of fertility.

In the first essay I evaluate the impact of differential fertility (the difference between fertility rates of women with high educational attainment and women with low educational attainment) on economic growth by accounting for critical marginal effects and the general level of educational attainment in a given country. I also examine the possibility that this effect varies based on level of inequality and income levels. I find that for a less developed country with high income inequality, higher …

The Direct And Indirect Effects Of Small Business Administration Lending On Growth: Evidence From U.S. County-Level Data, Andrew T. Young, Matthew J. Higgins, Donald J. Lacombe, Briana Sell

Economics Faculty Working Papers Series

Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide returns. We examine the relationship between Small Business Administration (SBA) lending and local economic growth using a spatial econometric framework and a sample of 3,035 U.S. counties for the years 1980 to 2009. We find evidence that a county’s SBA lending per capita is associated with direct negative effects on its income growth. We also find evidence of indirect negative …

Culture And Innovation In Peru From A Management Perspective, Gregory J. Scott, Ian Chaston

Journal of Global Initiatives: Policy, Pedagogy, Perspective

Political stability, macro-economic caution, and the aggressive pursuit of free trade have enabled Peru to emerge as one of the fastest growing economies in Latin America. This economic expansion has created heightened interest in the evolution of corporate culture and its influence on firm performance. This paper examines organizational performance in relation to the influence of cultural values on innovation by means of a survey of upper level managers. Analysis of the survey results indicates that there was a positive relation between innovation and power distance and uncertainty. Survey findings show no relationship between innovation and individualism nor innovation and …

The Effect Of Economic Freedom On Environmental Quality And Economic Growth, Ty Turley, Dr. B. Delworth Gardner

Journal of Undergraduate Research

Among economists, there is an ongoing debate as to what factors cause economic growth in developing nations, and what the relative strengths of these factors are. Sachs and Warner published an influential paper in 1995 reporting on a study that found “developing countries with open economies grew by 4.5% a year in the 1970s and 1980s, but those with closed economies grew by only 0.7% a year” (The never-ending question). Adkins et al. find in their research that “increases in economic freedom are associated with improved economic performance in that increases in economic freedom move countries closer to the production …

Development Of An Economic And Social Dashboard For Berrien County, George A. Erickcek

Reports

No abstract provided.

Output Growth And Unexpected Government Expenditures, Diego Escobari, Andre V. Mollick

School of Economics and Finance Faculty Publications

This paper takes into account the dynamic feedback between government expenditures and output in a model that separates the effects of expected and unexpected government expenditures on output. We allow for standard determinants based on Solow's growth model, as well as financial globalization and trade openness measures for a sample of 56 industrial and emerging market economies over the 1970-2004 period. We find that unanticipated government expenditures have negative and significant effects on output growth, with higher effects in developed economies. Along with savings responses, we interpret these results based on how fiscal policy reacts to business cycles. Anticipated government …

Regionalism, Networks, And Partnerships: A Leadership Approach To Economic Development, George A. Erickcek, Brad Watts, Claudette Robey, Jim Robey

Presentations

No abstract provided.

Identification Of The Common Salient Characteristics Of Successful Intergovernmental Cooperation And Consolidation Of Governmental Services In Kent County, George A. Erickcek, Brad R. Watts

Reports

No abstract provided.

Economic And Fiscal Impact Of The Proposed South Haven Community Event Center, George A. Erickcek

Reports

No abstract provided.

Allowing For Low-Cost Labor In Underdeveloped And Developing Countries As A Method For Initiating Economic Industrialization, Jordon A. Wolfram

Selected Honors Theses

The topic presented here closely examines the link between low-cost labor and the affect that it has on initiating industrialization in underdeveloped and developed countries. It can ultimately create a better standard of living for a country’s general population in the future, but the initial conditions for the laborers can be harsh. The low wage labor force achieves this goal by creating a competitive labor market which has the ability to stimulate economic growth. Once the initial steps of creating manufacturing and industry are achieved, then the general standard of living has robust potential to increase in the country as …

Demographic Changes And Economic Growth: Empirical Evidence From Asia, Sijia Song

Honors Projects

Asia has witnessed robust economic growth since the 1960s and the so-called “East Asian economic miracle”. Even till today when the world’s largest economies are suffering from debt and banking crises, emerging markets in Asia have managed to maintain rapid growth. In the meantime, significant demographic changes are taking place in Asian countries. Using an economic growth model, this article further examines the effects of demographic changes on economic growth in thirteen Asian countries during the period from 1965 to 2009. The results indicate negative effects of growth in the total population and the young population on economic growth while …

A Statistical Analysis Of Public Sector Corruption And Economic Growth, Kaycea Campbell

LUX: A Journal of Transdisciplinary Writing and Research from Claremont Graduate University

This study reports on the results of a statistical analysis in which the relationship between the independent variable of corruption, as measured by the World Bank, and the dependent variable of economic growth, as measured by percentage of GDP growth per year, was examined. The purpose of this study is to apply empirical methods to the debate on corruption and growth, in which neoclassical theory predicts that corruption retards growth but in which other models, such as Lewis growth and the Kuznets Curve, suggest that corruption may actually speed up growth in underdeveloped countries. The main finding of the study …

Unemployment And Economic Growth In Nigeria: An Empirical Re-Examination, Emmanuel Ating Onwioduokit

Bullion

This paper investigates the relationship between unemployment and economic growth in Nigeria through the implementation of the Okun’s law using the data from 1980 to 2013. The result indicates that the Okun’s law cannot be confirmed for Nigeria as the Okun’s co-efficient though properly signed was not significant at conventional level. As a result economic policies allied to demand management might not have the desired outcome of reducing unemployment in the country. Thus, the implementation of economic policy learning towards structural change and reforms in the labour market would be more appropriate to reduce unemployment in Nigeria.

U.S. Employment Outlook For 2013, Randall W. Eberts

Periodical Articles

No abstract provided.

China’S Local Government Debt And Economic Growth, Jia Qi Zhou

Gettysburg Economic Review

This paper explores the impact of China’s local government debt on economic growth. This analysis, based on a panel of 31 provinces over 14 years, takes into account a broad range of economic growth determinants as well as various estimation issues including heteroskedascity and omitted variable. The empirical results suggest an inverse relationship between China’s local government debt and economic growth, controlling for other determinants of growth: on average, a 10 percentage point increase in the debt-to-GDP ratio is associated with a slowdown in annual real per capita GDP growth of around 0.27 percentage points per year.

Gender Gaps In Human Capital And Economic Growth In Developing Countries, Minh Dao

Faculty Research and Creative Activity

This paper examines the impact of gender gaps in human capital on economic growth in developing countries. Based on data from the World Bank for the 1990-2010 period and a sample of seventy-eight developing economies, we find that the growth rate of GDP per capita is dependent on gross capital formation, the changes in both male and female life expectancy, the change in the gap between male and female life expectancy, the change in the proportion of the population having access to improved sanitation services, population growth, and the GDP per capita in 2000. It is observed that the estimated …

Gender Gaps In Human Capital And Economic Growth In Developing Countries, Minh Dao

Faculty Research and Creative Activity

This paper examines the impact of gender gaps in human capital on economic growth in developing countries. Based on data from the World Bank for the 1990-2010 period and a sample of seventy-eight developing economies, we find that the growth rate of GDP per capita is dependent on gross capital formation, the changes in both male and female life expectancy, the change in the gap between male and female life expectancy, the change in the proportion of the population having access to improved sanitation services, population growth, and the GDP per capita in 2000. It is observed that the estimated …

Essays On Capital Controls And Exchange Rate Regimes, Yu You

Theses and Dissertations--Economics

This dissertation consists of three essays on capital controls and exchange rate regimes. The first essay, under the background of international monetary policy trilemma, empirically investigates the validity of the proposition that holding the degree of exchange rate stability constant, a decrease in capital mobility through imposition of capital controls will enhance monetary independence. Using a panel dataset covering 88 countries for the 1995-2010 period and system GMM estimation, this paper finds that 1) capital controls help improve a country’s monetary independence; 2) the effectiveness of capital controls depends on the types of assets and the direction of flows they …

India: Subsidy State Or Developmental State?, Annie Jalota

CMC Senior Theses

India does not fit easily into existing models of thought on the nature of a state and defies ease of understanding. Though India is most often considered to be a subsidy state, I show in this thesis the notion of the subsidy state does not capture the true nature of the Indian state. Chapter two of the paper looks at various models of understanding the nature of the Indian state and draw out three essential features: competing interest groups, how economic liberalization facilitates corruption and works against India’s aim of equalizing the capabilities and freedoms of all its citizens, and …

The Future Of State And Local Economic Development Policy: What Research Is Needed?, Timothy J. Bartik

Presentations

No abstract provided.

Dynamic Poverty Decomposition Analysis: An Application To The Philippines, Tomoki Fujii

Research Collection School Of Economics

In this paper, we propose a new method of poverty decomposition. Our method remedies the shortcomings of existing methods and has some desirable properties such as time-reversion consistency and subperiod additivity. It integrates the existing methods of growth-redistribution decomposition and sector-based decomposition, because it allows us to decompose poverty change into growth and redistribution components for each group (e.g. regions or sectors) in the economy. We extend our method to have six components and provide an empirical application to the Philippines for the period 1985-2009.

Does The Equity Market Affect Economic Growth?, Kwame D. Fynn

The Macalester Review

This paper examines the impact of the stock market primarily on economic growth using panel data from 1990-2010. I apply Generalized Least Squares techniques for fixed effects with the exclusion of the subgroup 2005-2010 which uses random effects. The effect of the stock market on growth is based on country-specific effects and varies in different time periods.

Education And Local Economic Development: Why Skills Matter, How We're Doing, And Leverage Points For Change, Timothy J. Bartik

Presentations

No abstract provided.

An Empirical Estimate Of The Optimal Level Of Fiscal Deficit In Guinea, Emmanuel A. Onwioduokit

Economic and Financial Review

Excessive deficits, irrespective of the mode of financing, are assumed to be growth retarding. The conventional wisdom is that high budget deficit is a source of economic instability. Empirical research, however, does not conclusively support this conventional wisdom; results are mixed and controversial across countries . These conflicting results have raised the important question of heterogeneity and also underscored the usefulness of time series data for country specific studies in order to address heterogeneity. This paper sought to ascertain the relationship between fiscal deficits and economic growth in Guinea and to find the threshold level of fiscal, deficit that is …