Economics Commons^™

Leveraging Import Substitution For Economic Expansion: The Case Of Nigeria, Paul Ihuoma Oluikpe

Bullion

The objective of this paper is to describe the import substitution policies of Nigeria with a historical and analytical outlook with a view to amplifying its dimensions of impact, and recommending potential options for optimizing policy and implementation. Method The methodology adopted for this paper is descriptive and historical analysis. Comparisons were drawn from various countries policies such as Chile, Brazil, Argentina, Mexico, India, South Korea, and the Philippines and outcomes are highlighted, and then extrapolated to the Nigerian context with a view to understanding the local context in the light of peer country implementation. The results from the implementation …

Millennials And The Alcohol Industry: Expenditure Variations Among Generations, Anthony Murray

Honors Projects in Economics

This paper explores the relationship age cohorts, or generations, have had with regards to alcohol expenditure over time. Articles from popular publications such as Business Insider claim Millennials are “killing” the alcohol industry due to their lack of consumption (Taylor, 2017), but provide little empirical analysis of any academic rigor to make such claims. These claims do matter, as they have implications for the alcohol industry itself as well as investors, law enforcement, the healthcare industry, and policy makers. This paper uses four cross-sectional decadal datasets spanning from 1986 to 2016 from the United States Bureau of Labor Statistics Consumer …

Low And Negative Foreign Interest Rates: Their Impact On The Level Of Foreign Holdings Of U.S. Treasury Bills, Christopher Arnold

Economics Student Scholarship

Major: Business Economics
Minor: Finance and Spanish

Faculty Mentor: Dr. Fang Dong and Dr. Leo Kahane, Economics

Largely motivated by the recent yield curve inversion, the paper examines the effect of a negative interest rate environment abroad on foreign countries holdings of U.S. Treasuries. The study uses a panel dataset covering 95 developed countries over 16 years, including economic and financial composition variables, as well as push and pull factors that impact capital flows. The study uses Poisson regression as its estimation method and ultimately finds that countries facing a negative real interest rate are expected to hold 24% more …

Determinants Of A Computer And Information Literacy Test Score: A Comparison Across 19 Countries, Tishay Davis

Economics Student Scholarship

Major: Finance and Business Economics
Faculty Mentor: Dr. Fang Dong, Economics

The International Computer and Information Literacy Study (ICILS) is a computer-based international assessment of eighth-grade students’ capacities “to use information communications technologies (ICT) productively for a range of different purposes, in ways that go beyond a basic use of ICT” (Fraillon, Ainley, Schulz, Duckworth and Friedman 2018). It is sponsored by the International Association for the Evaluation of Educational Achievement (IEA) and was first conducted in 2013 with 21 participating countries. The research papers that used ICILS 2013 data include Rohatgi, Scherer, and Hatlevik (2016), Scherer, Rohatgi, and Hatlevik …

Income Inequality, Progressive Taxation And Tax Expenditures, James R. Hines Jr.

Book Chapters

There are important and growing concerns about income inequality in the United States and other high-income countries. These concerns reflect rising apprehension about the political and social consequences of inequality and worries that the advance of technology, expanding international trade and investment, and other economic developments may have significantly widened income gaps in recent decades and will continue to do so in the future. In the United States, these concerns have prompted renewed calls for political activism and vigorous searches for policy measures that might improve the relative economic positions of low- and middle-income Americans.

There are many ways in …

Brain Drain In The Mountain West, Ember Smith, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights the effects of major shifts in geographic mobility patterns of highly-educated citizens in the Mountain West (Nevada, Utah, Arizona, New Mexico, and Colorado). The phenomenon, dubbed “brain drain” by experts, is characterized by the out-migration of a group of highly-educated people. “Brain gain” describes the opposite: when a location attracts highly-educated people. Several states are keeping and welcoming more highly-educated adults, while other states are rapidly losing talent. This migration pattern has important implications for social, political, and economic issues facing the country.

Cross-Country Evidence Of Corruption Spillovers To Formal And Informal Entrepreneurship, Aziz N. Berdiev, James Saunoris

Economics Faculty Journal Articles

Using cross‐country data this paper examines the spillovers of corruption to formal and informal entrepreneurship in neighboring countries. Whereas research has shown that entrepreneurs move underground to escape corruption, we argue that entrepreneurs may also seek refuge in neighboring countries. Indeed, the empirical results show that in response to a ceteris paribus increase in corruption in neighboring countries formal entrepreneurship increases in the home country with no effect on informal entrepreneurship. This is consistent with entrepreneurs circumventing corrupt public officials by immigrating to countries with presumably less corruption. These results withstand a battery of robustness checks. (JEL D73, L26)

Rhode Island Current Conditions Index -- October 2019, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Economic Growth In Mountain West Metropolitan Areas, Ember Smith, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights trends in America’s economic progress, demonstrating how four metropolitan statistical areas (MSAs) in the Mountain West region (Salt Lake City, Phoenix-Mesa-Scottsdale, Las Vegas-Henderson-Paradise, and Denver-Aurora-Lakewood) fared from 2016 to 2017 and from 2007 to 2017 compared to the national economy and the 100 largest metropolitan economies.

Rhode Island Current Conditions Index -- September 2019, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Automation Potential And Artificial Intelligence, Ember Smith, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights the automation potential in the Mountain West states (Nevada, Utah, Arizona, New Mexico, and Colorado) and its metropolitan statistical areas using the findings of Automation and Artificial Intelligence: How machines are affecting people and places, a report by the Brookings Institution.

Rhode Island Current Conditions Index -- August 2019, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index -- July 2019, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index -- June 2019, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index -- May 2019, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index -- April 2019, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Aspirations To Empire: American Imperialism, Foreign Policy, And The 1954 Guatemalan Coup D’État, Mary Creedon

Economics Student Scholarship

When the sun began to set on the British Empire - the largest the world had ever seen and the dominant world power for over a century – in the aftermath of World War II, the United States designated itself the new arbiter of international relations. Wielding economic imperialism as an Empire-building tool, the U.S., through interference in the internal affairs of countries around the globe, became the world’s dominant superpower. In particular, the United States developed a pattern of interfering in the domestic sphere of Latin American nations to protect the economic interests of American capitalists. Through a historical …

Rhode Island Current Conditions Index -- March 2019, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Is Authoritarianism Bad For The Economy? Ask Venezuela – Or Hungary Or Turkey, Nisha Bellinger, Byunghwan Son

Political Science Faculty Publications and Presentations

Democracy is at risk worldwide. And the economy may be, too.

Seventy-one out of the world’s 195 countries saw their democratic institutions erode in recent years, according to the 2018 year-end report by democracy watchdog Freedom House, a phenomenon known as “democratic backsliding.” Signs of backsliding include elected leaders who expand their executive powers while weakening the legislature and judiciary, elections that have become less competitive and shrinking press freedom.

Rhode Island Current Conditions Index -- February 2019, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index -- January 2019, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

The Role Of State Investment Strategy In Economic Development: Comparative Analysis Of Experience Foreign Country, E. Adilxodjayev

International Relations: Politics, Economics, Law

Effective investment activity is directly related to investment management. Investment management is complex a system of methods aimed at effective implementation promising ways to invest in various investment projects. This article discusses above mentioned statement.

Rhode Island Current Conditions Index -- December 2018, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index -- November 2018, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index -- October 2018, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index -- September 2018, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index -- August 2018, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

The Effects Of Economic Policy Uncertainty On Common Stock And American Depository Receipts, Bradley David Zynda Ii

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

Uncertainty can have profound implications on both firms and individuals who hope to optimally make decisions in their best interest. In this research, I seek to examine the impact that economic policy uncertainty has on domestic and foreign stock. In particular, I take a market microstructure perspective focused on stock liquidity and volatility measures in response to changes in economic policy uncertainty. Understanding the directional flow of economic policy uncertainty and the magnitude of the consequences at home and abroad can both help prepare agents to make good decisions about the future and exhort policy makers to be more efficient …

Rhode Island Current Conditions Index -- July 2018, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Rhode Island Current Conditions Index -- June 2018, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.