Economics Commons^™

The Value Of A Vote: Vote Pivotality Information And Its Impact On Voter Willingness To Accept, Nicholas J. Sickinger

Honors Theses

A variety of factors influence the decision to participate in a democratic election or not. This paper explores one of these factors: an individual’s perceived pivotality. I explore how people assess the value of their vote when they are informed about the likelihood that their vote will be pivotal. To do so, I conduct an online voting experiment where subjects participate in three different stylized elections: a marginal election, a landslide election, and an uninformed election (where the voter distribution is unclear to participants). I elicit participants’ vote valuations and compare them across election conditions and demographic groups using both …

Drivers Of Heat Pump Installation In Maine: Climate Shocks, Politics, And Incentives, Micah J. Margolis

Honors Theses

Heat pumps are a growing trend as climate adaptation measures around the world and are gaining significant popularity and attention due to a number of environmental and social factors across Maine. Homeowners in Maine face difficult financial and personal pressures when considering a heat pump. Impacting this decision is a high cost of energy, a substantial rebate offsetting the purchase price, as well as summers and winters that are warming beyond record highs and lows. Previous research has looked at specific populations or large regions without considering the long-term personal drivers of this decision. I use data from Efficiency Maine, …

The Legacy Of Housing Discrimination: Asthma Disparities In California Cities, Taylor Daetz

CMC Senior Theses

This thesis examines the effect of discriminatory housing policy on current asthma rates in California cities. This study uses boundary design and propensity score methodologies to analyze asthma-related emergency department visits in census tracts with corresponding appraisal grades from the Home Owners’ Loan Corporation maps. The results indicate significantly higher asthma burdens in grade D (redlined) census tracts compared to grade C tracts, even when controlling for present-day pollution concentrations, with historically redlined tracts experiencing an average of 26.88 additional emergency department visits per 10,000 residents. The analysis further reveals disparities between grade C and B neighborhoods, suggesting that even …

Unintended Consequences: Exploring The Nexus Between Us Foreign Aid, Governance, & Conflict Fatalities, Audrey Hope Donahue

CMC Senior Theses

This paper examines the impact of United States foreign aid on civil violence in recipient countries, specifically investigating the interaction between aid implementation channels—bilateral aid, implemented directly by recipient governments, vs. multilateral aid, implemented through Non-Governmental Organizations (NGOs) or other multilateral partners—and governance quality. Using a panel dataset covering 49 countries from 1996 to 2022, the study measures the effect of aid on violence through conflict-related fatalities normalized by population. A fixed-effects regression model is employed to control for country-specific and time-specific factors, revealing that in countries with poor governance, bilateral aid is associated with a reduction in conflict fatalities, …

The Impact Of Short-Term Rental Activity On House Prices: Evidence From Coastal Virginia, Navid Safari, Lei Zhang, Timothy M. Komarek

Finance Faculty Publications

Short-term rentals such as Airbnb have grown substantially in recent years. In this study, we investigated the effect of Airbnb rentals on neighboring house prices in Hampton Roads, Virginia. We focus on three different measures of Airbnb activity to obtain more robust results. Our measures include active Airbnb listings, active listings with at least one reservation, and the sum of reservations over three different periods. Consistent with previous literature, our main results show that prior Airbnb rental activity has a positive impact on the surrounding housing sales prices. Furthermore, the localized impact diminishes over geographic space (i.e., distances greater than …

Institutions Matter: How So?, Alper Duman

Markets, Globalization & Development Review

This paper examines the influential theory of Daron Acemoglu, Simon Johnson, and James Robinson (AJR) on the role of institutions in economic development, highlighting its strengths, limitations, and areas for further research. A central contribution of their work is the emphasis on power and conflict in institutional formation and change.

The theory's focus on the interplay between inequality, political power, and institutional change provides a valuable framework for understanding development trajectories. This paper also considers critiques of AJR's work, including the lack of robustness of the positive correlation between inclusive institutions and economic performance in lower-income countries and the significant …

4th Annual International Conference Proceedings: Rethinking Economics In The Contemporary World, Centre For Business And Economic Research (Cber), School Of Economics And Social Sciences (Sess)

Conference Proceedings

The School of Economics and Social Sciences (SESS), through the Department of Economics and the Center for Business and Economics Research (CBER), opens the call for papers for its fourth international conference: Rethinking Economics in the Contemporary World.

The development of technology, the immediate effects of climate change, complex geopolitical situations, substantial migration, rapid urbanization, increasing income inequality, the emergence of digital economies, and global health crises have all amplified uncertainties and accelerated changes in the economic landscape, underscoring the imperative for better insights and new perspectives in economics profession. This year's conference recognizes the new paradigms and shifts in …

Empowering Egyptian Women Through Social Media: A Comparative Analysis Of Economic Sustainability Campaigns By Banks On Facebook, Dr. Noura Eissa

Future Journal of Social Science

This comparative analytical study examines how Egyptian banks use Facebook to promote women’s economic empowerment by bridging between the disciples of economics, social media marketing, and gender studies. Media messages can substantially influence societal norms and perceptions of women's economic empowerment, leading them to open bank accounts and access services such as loans, credit cards, and online banking. The two banks under study are Banque Misr, a leading state-owned bank, and Commercial International Bank, which has international affiliations. The study employs a content analysis to evaluate Facebook messages published by these banks targeting women by exploring the appeals used, the …

Conference Proceedings: Fourth Annual International Conference: Rethinking Economics In The Contemporary World, Shumaila Omar [Editor], Uzair Arif [Ed.], Tabeer E Zehra [Ed.], Sania Zehra [Ed.], Tooba Zaheer [Ed.]

IBA Press

The 4th Annual International Conference on Rethinking Economics, organized by the Institute of Business Administration (IBA) Karachi, provided a dynamic platform for academics, practitioners, and policymakers to explore diverse themes shaping the global economic landscape. The conference highlighted critical issues such as digital transformation, urban infrastructure, environmental challenges, monetary and fiscal policy, and human development. This collection is an amalgamation of abstracts from the papers presented at the conference.

A Strategic Insight Into The Market For Carbon Management Capacity, Mahelet G. Fikru, Ting Shen, Jennifer Brodmann, Hongyan Ma

Economics Faculty Research & Creative Works

This study presents the market for carbon management capacity via carbon capture, utilization, and storage technologies, identifying demand and supply forces, as well as clarifying the potential impact of market and non-market-based shocks on technology developers versus adopters. The paper addresses a prevailing gap in market analysis, introducing a microeconomic framework and unique dataset to identify key players, market forces, and policy incentives shaping the carbon capture, utilization, and storage landscape. The analysis equips industry stakeholders, policymakers, and investors with valuable insights regarding (1) leaders in the design, development, and manufacture of carbon capture, utilization, and storage technologies (supply), (2) …

Estimating The Effect Of Residential Sales Prices On Building Permits, Emilio Becerra

All Theses

This paper addresses home sales prices’ impact on residential building permit authorization in South Carolina’s Greenville and Richland counties amid the COVID-19 pandemic. The estimation uses a comprehensive data set of the housing markets in both counties for 2016 to 2022, incorporating 88,098 home sales. The analysis exploits the variation in sales prices of homes to analyze the sensitivity in the supply of permits to builders through an instrumental variables approach. Using two instruments, violent crimes and household income, the effect of sales prices on the supply of building permits is positive and statistically significant. Included in the first-stage regression …

Navigating Market Volatility: Risk And Return Insights From Indian Mutual Funds, Davinder K. Malhotra, Rahul Singh, L. Ramani

School of Business Faculty Papers

This study evaluates Indian mutual funds using a variety of criteria, demonstrating a historical tendency of lower monthly returns and volatility when compared to benchmark indexes. This positive risk profile implies that it will appeal to investors who want stability. Despite COVID-19-induced market volatility, mutual funds persistently outperform benchmark indices in terms of average return per unit of risk, highlighting their potential as a dependable investment option for stability seekers. Furthermore, Indian mutual funds routinely beat benchmark indexes in risk-adjusted terms. Despite having a positive alpha, it lacked statistical significance, indicating a possible reliance on market volatility rather than managerial …

Financialization And Price Volatility: An Empirical Analysis On Speculation In The Oil Market, Audry F. Oliveira Carnivale

Electronic Theses and Dissertations

Financialization has facilitated the trade of futures contracts because of deregulatory policies increasing speculation. Speculation has created a more fragile market inducing riskier investments and aggravating price volatility. Three post-Keynesian theories, the financial instability hypothesis, money manager capitalism and markup, explain how policy altering the banking structure has developed financialization from lax regulation. Previous research has emphasized supply and demand as the main determinants of oil price changes, but it’s important to consider how structural changes from policy stimulating a more financialized economy has impacted volatility. With Brent Crude oil price data and West Texas Intermediate (WTI) open interest and …

Aaron Sojourner’S Beginner’S Guide To Bluesky, Aaron Sojourner

Employment Research Newsletter

No abstract provided.

(Wp 2024-04) Making Philosophy Relevant To Economists, John B. Davis

Economics Working Papers

This chapter discusses how philosophy could influence economists in the future. It emphasizes factors affecting economists’ willingness to incorporate philosophical ideas in economics, and distinguishes a weak case and a strong case for them doing so. Both are tied to behavioral welfare economics’ ‘reconciliation problem’ regarding the relationship between positive and normative economics. The weak case concerns the nature of individual identity in connection with how present bias and weakness of will potentially pit today’s and tomorrow’s selves against one another. The strong case concerns the normative scope of economic policy and expanding policy recommendation beyond its current welfare-only basis. …

Oer Textbook Review For Economics - Principles Of Economics, Openstax, Chiara Yates M.B.E.

Open Educational Resources Publications

Chiara Yates, an Adjunct Lecturer of Economics at Bentley University, reviews the OpenStax textbook "Principles of Economics, 3rd edition" in this comprehensive evaluation. The review assesses the textbook's comprehensiveness, accuracy, relevance, clarity, structure, and digital interface. The reviewer finds the textbook to be a valuable resource for introductory economics courses, praising its comprehensive coverage, clear explanations, and engaging features. The textbook is praised for having regular updates, user-friendly digital platform, and additional resources for educators. While highlighting its strengths, Yates also suggests areas for improvement, such as including more content on emerging economic issues like digital currencies.

Impact Of Shale Oil And Gas Exploration In The Permian Basin: Public Finances, House Prices, Migration, And Household Income, Bamadou Ouattara

Economics ETDs

This dissertation examines the impacts of shale oil and gas exploration in the Permian Basin, focusing on housing, socio-demographics, petroleum exploration, and environmental effects. It addresses three key research areas: New Mexico's public finances, inter-county migration and household income, and the influence on house prices.

The introductory chapter reviews the boomtown impact model and advocates for its adaptation to current social, economic, and financial landscapes. The second chapter analyzes New Mexico's public finances from 2010-2021, emphasizing oil and gas tax revenues and the need for financial prudence due to industry volatility.

The third chapter uses causal effect techniques to assess …

Experiments On Employer-Employee Relationships, Hang Chen

Economics Theses and Dissertations

Employer-employee relationships exist commonly in workplaces and are important for people to understand the interactions between employers and employees and also their own behavior. This dissertation presents studies of different aspects of employer-employee relationships using laboratory experiments. Chapter 1 studies how the problematic nature of many middle management positions drive middle managers to interact with their employees in a negative way in workplaces, as they are under pressure from upper management to extract high effort from their employees, but given few incentives to do so. Chapter 2 focuses on the potential peer effects of employees' performance feedback and performance. My …

Black-Owned Businesses In The Mountain West, 2017-2020, Riley Ruff, Miguel Soriano Ralston, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet examines data on Black-owned businesses in the Mountain West states of Arizona, Colorado, Nevada, New Mexico, and Utah. The report “Who is driving Black business growth? Insights from the latest data on Black- owned businesses" from the Brookings Institution includes data on Black-owned businesses in metropolitan statistical areas (MSAs) across the United States.

Mathematical Methods For Economics And Business Syllabus, Marian Melnyk

Open Educational Resources

This syllabus outlines an online asynchronous course introducing essential mathematical tools and techniques in economics. It spans 24 sessions covering Functions, Differentiation, Limits, Integration, and Multivariable Functions, grounded in college algebra and calculus. The course utilizes Open Educational Resources (OER) for all materials, available in text and video formats on Blackboard. Continuous assessment, including quizzes, homework, two 1-hour tests, and a final exam, ensures consistent progress. Weekly online office hours provide additional support. The primary objective is to equip students with the mathematical skills necessary for economic analysis and problem-solving.

Minimum Wage: Theoretical And Empirical Debates, Ghofran Alrebh

Electronic Theses and Dissertations

This thesis aims to explore the evolution of research methodologies in the minimum wage debate, focusing on the contrasting perspectives of the neoclassical and institutional models. By examining the changes in research methodologies employed by economists from these two schools, this study seeks to shed the light on the shifting paradigms and the impact of these changes on our understanding of minimum wage policies and their implications. This highlights the limitations of relying on one economic school of thought in understanding socio-economic phenomena complexations and policy decisions. As well as it creates the necessity to critical evaluation of the method …

Institutional And Structural Evolution Of The U.S. Financial System 1945-2023: The Long-Wave Financial Cycle And The Role Of Thwarting Mechanisms, Shaun K. Brog

Electronic Theses and Dissertations

This thesis develops a theoretical framework that attempts to explain the dynamic interactions that lead to episodes of severe financial instability. Adapting Minsky’s Financial Instability Hypothesis to the specific characteristics of financial intermediaries and building on Ferri and Minsky’s ideas regarding the role of thwarting institutions, I propose that financial fragility is the result of a long-wave cycle in financial relations characterized by significant institutional and structural evolution within the U.S. financial system. This evolution results in a preponderance of financial activity undertaken outside the regulatory umbrella while margins-of-safety are eroded, newly innovated financial assets proliferate, and financial intermediaries become …

Examining The Aggregate Economic Impacts Of Criminal Record Expungement In Marion County, Indiana, Zane Callison

Lux et Fides: A Journal for Undergraduate Christian Scholars

This article investigates the individual economic effects of criminal record expungement identified in a previous article as they appear in the aggregate, particularly rates of unemployment and wages. As interest around the effects of overincarceration increases, criminal record expungement offers a possible solution to the economic woes faced by justice-involved individuals. To that end, this article examines unemployment rates and per capita personal income in Marion County, Indiana, where implementation of the state of Indiana’s criminal record expungement statute has been exceptionally effective. After an analysis, we find that criminal record expungement bears only a light or unclear causal relationship …

Open Syllabus, Dorina Tila

Open Educational Resources

This is an open syllabus for Principles of Macroeconomics course.

Salary Disparity And Team Performance: An Empirical Analysis Of The English Premier League, Alexander Traugutt, Jarid Morton

Journal of Applied Sport Management

The English Premier League (EPL) is the top-tier English soccer system, becoming one of the most popular sports leagues in the world. One topic within the EPL that has garnered significant attention is player compensation and roster construction. Given the varied outputs of players and the spending power of each club, the question becomes whether a specific type of pay structure maximizes on-field performance. Thus, this study aimed to understand the effect of intra-team salary disparity on performance. Results indicated that while rosters tend to be organized in a more compressed manner, salary disparity was not a significant predictor of …

Enhancing Student Engagement In Introductory Economics With Interactive Videos And Synthesized Readings In Flipped Learning, Bei Hong, Duan Ning, Magdeleine Lew

Research Collection School Of Economics

A major challenge faced by university economics instructors is to find more time to incorporate active learning into the classroom, which encourages student participation. As a result, more instructors choose to flip their classrooms, in which students are encouraged to perform preparatory reading or watch videos to participate more meaningfully and learn more effectively. This study aims to examine how pre-lecture materials enhance student participation by examining the effectiveness of two types of materials: interactive videos and synthesized readings. The synthesized readings contain essential information extracted from the textbook and is presented in a structured manner with highlighted key points. …

Essays On The Application And Improvement Of The Geographical Economics Models To Policy Analysis: The Case Of Road Infrastructure In Central America, Ignacio Penagos

Economics Theses and Dissertations

The novel models of Geographical Economy have analyzed the effects on the distribution of economic activity over the area of a given region, generated by different socio-economic shocks. For example, the costs of migrating from one place to another, as shown in Desmet et al. (2018). A key advantage of such models is that, given the structural definition of the market interactions, they can first create counterfactual scenarios based on the economic fundamentals. And second, a broad set of variables can account for that impact. These dynamic spatial general equilibrium models embody features such as measures for amenities, trade and …

Climate Change And Environmental Crises In Coastal Cities: Charleston Vs New York City, Nolan Rodriguez

Student Theses 2015-Present

This paper addresses the increasing vulnerability that coastal communities face regarding climate crises and rising sea levels. Specifically, this paper investigates the environmental crises facing Charleston, South Carolina, and New York City. The geographical location of these cities places a more severe threat upon their environment, as opposed to urban collectives removed from the immediate effect of rising sea levels. A cross-examination of politics and economics is discussed in order to determine the causal relationship of each city’s engagement with its surrounding environment. This paper examines how each city is affected by climate change, what measures are in place to …

Urban Harmony: Exploring The Interplay Of New Urbanism Qualities On Economic Prosperity And Psychological Wellbeing In Contemporary Cities, Crew T. Borgeson

2024 Spring Honors Capstone Projects - Archive

Now that most people live in urban places, answering which urbanism best provides citizen well-being becomes increasingly important. After nearly a century of suburban development, the significant drawbacks of urban sprawl are widely documented, namely the unsustainability and social impacts they incur. Many American cities, however, continue to chiefly expand in this way. What if cities were to make decisions not based on the status quo of today’s building codes but instead drew inspiration from great historical cities, applying their lessons to the unique challenges of the 21st century?

The New Urbanism movement aims to identify and incorporate the elements …

What Impact Did The Tcja Tax Cuts Have On The Manufacturing Sector?, Ryan Parker

Accounting Undergraduate Honors Theses

Throughout this paper I will examine positive effects the Tax Cuts and Jobs Act of 2017 had on the manufacturing sector. To do this I begin by outlining the key provisions in the TCJA that directly benefit the manufacturing sector. This includes the corporate tax rate reduction from 35 percent to 21 percent, the changes to the repatriation tax for foreign funds, and the treatment for capital assets. I then analyze key metrics including pre-tax income, income tax provision, dividends, changes in retained earnings, and spending on property plant and equipment. I will show the interactions between the increase in …