Economics Commons^™

Financial Socialization: A Decade In Review, Ashley B. Lebaron, Heather H. Kelly

Faculty Publications

The financial socialization individuals receive is associated not only with their future financial wellbeing but also relational, mental, and physical wellbeing. This paper is a review of the literature on financial socialization, especially papers published between 2010 and 2019 in the Journal of Family and Economic Issues. We first review family financial socialization theory and then review empirical documentation for the theory, organized by (a) family socialization processes (e.g., parent financial modeling, parent-child financial discussion, and experiential learning as three primary methods of financial socialization) and (b) financial socialization outcomes (e.g., financial attitudes, financial knowledge, financial behaviors, and financial wellbeing). …

History Of Islamic Economic Thought: A Content Analysis, Luqman Hakim Handoko

Library Philosophy and Practice (e-journal)

There are many sources of Islamic economic thought left by Muslim Scholars. For decades, contemporary Muslim economists have been trying to explore and examine the contribution of Muslim Scholars. Among the efforts is to produce the book of the history of Islamic economic thought (HIET) either by thematic approach or by a personal approach. The current study aims to explore how often and profoundly the discussion of the economic thought of the Muslim scholars among authors of HIET, especially on a personal approach. Therefore, to extract and analyze the data will use a simple content analysis and descriptive approach. Twenty-two …

North Central West Virginia Economic Outlook 2021-2025, Brian Lego, John Deskins

Bureau of Business & Economic Research

North Central West Virginia has been one of the state’s strongest and steadiest economic regions for the past decade or so. The four-county area did lose some jobs during 2019, but those losses were tied to court-ordered delays of pipeline construction projects and layoffs at a large manufacturer rather than a deterioration in the area’s underlying economic fundamentals. Despite the region’s solid economic foundation, the COVID-19 pandemic did strike a major blow to the region’s economy in early-2020 and continues to affect the area to this day. In this report, we present a detailed discussion of North Central West Virginia’s …

Islamic Labeled Firms: Revisiting Dow Jones Measure Of Compliance, Ahmed Elnahas, Ghada Ismail, Rwan El-Khatib, M. Kabir Hassan

School of Economics and Finance Faculty Publications

Billions of dollars, across 131 countries, are invested in Islamic law‐compliant funds that are often promoted as consistent with the spirit and overall objectives of Islam (Maqasid Al‐Sharia), thereby indicating they are more socially responsible, less risky, and less prone to failure. The empirical results of this study indicate that Shariah‐compliant firms identified by the Dow Jones do not have higher corporate social responsibility (CSR) scores, lower risk, or lower likelihood of failure than non‐compliant firms. We address endogeneity using the instrumental variable (IV) approach and selection bias using propensity score matching (PSM). Our results are similar when using the …

The Effect Of Sleep On Public Good Contributions And Punishment: Experimental Evidence, Jeremy Clark, David L. Dickinson

ESI Publications

We investigate the effect of a full week of sleep restriction (SR) vs. well-restedness (WR) on contributions in a common public good experiment, the voluntary contributions mechanism (VCM). We examine the effect of sleep manipulation on decisions regarding both contributions and punishment of non-contributors. Actigraphy devices are used to confirm that our random assignment to sleep condition generates significant differences in objective nightly sleep duration and sleepiness. We find that when punishment is unavailable public good contributions do not differ by SR/WR assignment. When punishment is available, we find evidence that SR subjects contribute more than WR subjects, respond more …

Epics Urban Farming: Bringing Sustainable Fresh Food To Gary, Indiana, Elijah Klein

Purdue Journal of Service-Learning and International Engagement

EPICS Urban Farming is a team of seventeen undergraduate students designing and implementing an aquaponics and food distribution system in Gary, Indiana. With the area being a food desert, most people turn to corner stores for food that is easily accessible and cheap but unhealthy. From this diet, there are quite a few widespread health concerns that the population of Gary, Indiana, faces daily. For example, obesity, diabetes, and heart conditions are some of the most common diseases that plague the community. Urban Farming is working to aid in combating these issues with the partnership of Pastor Marty Henderson, who …

Nebraska Monthly Economic Indicators: October 28, 2020, Eric Thompson

Leading Economic Indicator Reports

The LEI-N rose slightly during September 2020, by 0.09%. While the pace of improvement has slowed, September marks the fifth consecutive increase in the leading indicator after sharp declines in March and April. The September result indicates that the Nebraska economy will grow at a modest pace over the next 6 months. Four of the components of the leading indicator improved during September. Airline passenger enplanements grew slowly after seasonal adjustment, but there was a drop in initial claims for unemployment insurance during the month. The value of the U.S. dollar also declined, which will improve competitive conditions for businesses …

Pork In The Future: The New Futures And Options Contracts On Pork Cutout, Fabio Mattos

Cornhusker Economics

The CME Group has announced its plan to launch futures and options contracts on pork cut-out. The new contracts are scheduled to start trading on November 9, 2020. The exchange has al-ready been offering futures and options contracts on lean hogs and now adds another contract that the industry can use for risk management. While the existing futures contract on lean hogs is based on prices paid for hogs in the U.S., the new con-tract on pork cutout is based on prices paid for wholesale cuts of pork.

Rapidly Declining Body Temperature In A Tropical Human Population, Michael Gurven, Thomas Kraft, Sarah Alami, Juan Copajira Adrian, Edhitt Cortez Linares, Daniel Cummings, Daniel Eid Rodriguez, Paul L. Hooper, Adrian Jaeggi, Raul Quispe Gutierrez, Ivan Maldonado Suarez, Edmond Seabright, Hillard Kaplan, Jonathan Stieglitz, Benjamin C. Trumble

ESI Publications

Normal human body temperature (BT) has long been considered to be 37.0°C. Yet, BTs have declined over the past two centuries in the United States, coinciding with reductions in infection and increasing life expectancy. The generality of and reasons behind this phenomenon have not yet been well studied. Here, we show that Bolivian forager-farmers (n = 17,958 observations of 5481 adults age 15+ years) inhabiting a pathogen-rich environment exhibited higher BT when first examined in the early 21st century (~37.0°C). BT subsequently declined by ~0.05°C/year over 16 years of socioeconomic and epidemiological change to ~36.5°C by 2018. As predicted, …

Prospects Of Monitoring Graduates’ Employment In Digital Technologies, Obidjon Khafizovich Khamidov, Otabek Siddikovich Kahhorov

Scientific reports of Bukhara State University

Background. In the article the authors stated about the need to use digital technologies that provide opportunities to improve the quality of education in the educational system and improve the effective management of competitive personnel training process, to make drastic quality changes in higher education and increase the indicators of employment of graduates, improving the quality of employment monitoring in higher education and other organizations. Materials and methods. The further development of our country, the formation of a high-tech economy, the rapid development of industrial sectors, small and medium-sized businesses provide new opportunities for the realization of the potential of …

The Theoretical Basis Of Strategic Management Of Higher Education System, Otabek Siddikovich Kakhkhorov

Scientific reports of Bukhara State University

The article discusses the theoretical foundations of strategic management of the higher education system. In the case of strategic management, the organization looks at the present from the future to achieve the goals set in the future due to changes in the environment and living conditions of the organization, identifies and implements current actions that provide a certain future for the organization. Strategic management has advantages as well as disadvantages and limitations, which show that this type of management, like other types, does not have universal application in solving any tasks and problems

The Specific Areas Of Strategic Management Of Higher Educational Institutions, Obidjon Khafizovich Khamidov, Otabek Siddikovich Kakhkhorov

Scientific reports of Bukhara State University

The article discusses specific areas of strategic management in higher education institutions. The central challenge of creating a sustainable economy today remains the efficiency of investment in human capital, which is a key factor in determining economic growth, living standards and quality of life. In modern conditions, the general revision of the socio-economic importance of education, the role of complex labor is promoted by the theory of "human capital" more than others, which considers the general and specific knowledge of employees as the most important factor in increasing production efficiency.

Raise The Seawalls: Local Governments & Flood Protection, Felix Stetsenko

Undergraduate Economic Review

Rising seas and more frequent and severe storms are increasing the risks and costs of flooding. Using 2009-2018 data for the U.S. state of Florida from FEMA’s Community Rating System program (CRS), which scores participating local governments on their flood risk mitigation activities: I study (1) whether increasing flood risks have led to increases in program participation and score among Florida towns and cities; (2) what risk, fiscal, and demographic factors are driving local governments to invest in CRS-recognized flood risk mitigation measures; and (3) the association between CRS measures and home values.

Greenhouse Gas Emission Efficiencies Of World Countries, Levent Kutlu

School of Economics and Finance Faculty Publications

Greenhouse gas emissions have increased rapidly since the industrial revolution. This has led to an unnatural increase in the global surface temperature, and to other changes in our environment. Acknowledging this observation, the United Nations Framework Convention on Climate Change started an international environmental treaty. This treaty was extended by Kyoto protocol, which was adopted on 11 December 1997. Using the stochastic frontier analysis, we analyze the efficiencies of countries in terms of achieving the lowest greenhouse gas emission levels per GDP output in the years between 1990–2015. We find that the average greenhouse gas emission efficiencies of world countries …

The ‘Dark Power’ Of Instagram: Prospects And Threats For Tourism Organisations, Nicola Capolupo, Valerio Giampaola, Gabriella Piscopo

International Journal of Islands Research

The key to understand and analyse the dynamic relationship between territories, organisations and tourists is currently undergoing significant changes. Due to both their endogenous and exogenous factors, territories should be read as complex adaptive systems (CAS), i.e. systems structurally composed of different sub-systems which interact with each other and help to improve the central systems thanks to the interconnections established among themselves. Thus, in this scenario, territories evolve into potential tourism destinations if these changes make them particularly attractive and capable of setting a profitable dialogue with new emerging tourists profiles. As a matter of fact, contexts and in which …

Evolution Of Tourism, Challenges, And Its Sustainability In An Island State: Case Study Of Malta, Silvio Attard

International Journal of Islands Research

This study analyses historic developments in Malta’s tourism industry, focusing on the changing characteristics of demand and supply. The recent surge in inbound tourism appears to be largely driven by increased air connectivity to and from Malta. The advent of low-cost carriers is considered an important positive supply shock on the local sector. At the same time, the sustained shift towards stays in private accommodation can be partly explained by changing preferences, but also by capacity constraints in collective accommodation establishments. Moreover, the paper discusses the economic importance of tourism for the Maltese economy. It also examines the issue concerning …

From Insularity To Islandness: The Use Of Place Branding To Achieve Sustainable Island Tourism, Angeliki Mitropoulou, Ioannis Spilanis

International Journal of Islands Research

This paper aims to outline the role that place branding plays in shaping a new framework for sustainable island tourism. Islandness, as a contemporary context, underlines that islands share a set of unique features and they need to be studied on their own terms; they combine elements of urban and rural regions at the same time. Place branding is evolving as a crucial element for differentiated marketing that conditionally can also form an alternative tool to achieve sustainability for island regions. Therefore, policy makers need to examine tourism policies for island regions through the lenses of Nissology. It is commonly …

Competitive Intelligence For Insular Territories, Pierre Fournié, Henri Dou

International Journal of Islands Research

For centuries, the intrinsic and ubiquitous parameters of insular territories have governed social, economic and political life within the island and with outer territories. Besides some biological and physical determinism, there exists a psychological factor that conducts islanders to feel that they possess a rich and a unique identity (Gombaud, 2007:593). Nowadays, islands are impacted by communication technologies and globalization, international law and politics. The opening to tourism, international trade and foreign capital, modifies the usual landmarks and often means that traditional activities and know-how are abandoned. Historically located at the periphery, islands suddenly appear at the centre of multiple …

Developing Island Identities Through Citizen Approaches? The Contribution Of Cultural Rights Exploratory Approach By Two Islands In Brittany, Leila Damak, Danielle Pailler

International Journal of Islands Research

The identity of insular territories is generally built from top-down and ‘institutionalised’ political logics. However, in the challenge for differentiation between territories and islands, these approaches have their limits. It appears necessary to coordinate external economic and tourism development issues with local territorial issues, by identifying cultural resources as understood by cultural rights. To deploy a renewed island territorial marketing, would be a question of implementing participatory projects and methodologies to meet the following challenges: How to create a common culture? How to promote citizen tourism? How to reveal the identities involved? Our research proposes to analyse the challenges of …

Wine Tourism In Island Destinations: The Case Of Crete, Nikolaos Trihas, Anna Kyriakaki, Efthymia Sarantakou, Konstantinos Tsilimpokos

International Journal of Islands Research

Wine tourism is a type of special-interest tourism which has recorded a remarkable growth over the past few years, creating challenges and opportunities for wineries and wine regions to diversify and gain a competitive advantage. Many wine regions around the world – including several island destinations such as Tenerife, Sicily, Santorini, Corsica, Sardinia – have recognised the economic benefits of wine tourism, although much effort is needed to transform a wine region into a wine tourism destination. Within this framework, this paper aims to explore the level of wine tourism development in the Greek island of Crete. To achieve this …

Ijir Title Page And Table Of Contents Vol. 1(1), Giovanni Ruggieri, Patrizia Calò, Razaq Raj, Kevin A. Griffin

International Journal of Islands Research

No abstract provided.

Beyond The Capitalist Workplace: How The Production Of Surplus Across The Economy Keeps Producers Divided, Costas Panayotakis

Publications and Research

This article analyzes the public and household sectors of the economy as sites of surplus production within contemporary capitalist societies. It also shows how the coexistence of structurally distinct spheres of surplus production creates divisions among workers in the private, public, and household sectors of the economy, thus amplifying the racial, gender, and other divisions which have often in the past kept working people divided. Fueling these cross-sector divisions is the appearance that private-sector workers are paid for their labor rather than for their labor-power. Thus, this article also explores an implication of this appearance which Karl Marx, the thinker …

The Economic Impacts Of Social Activism In Food Markets, Anubrata Deka, Emie Yiannaka, Konstantinos Giannakas

Cornhusker Economics

Private politics, usually led by nongovernmental organizations (NGOs) and social activists, focuses on changing the behavior of private economic agents through social pressure rather than through government action (although government action is also possible) (Baron, 2003). The food sector has been experiencing increased social pressure from social activist organizations to achieve diverse goals, ranging from improving food safety and food fortification to increasing transparency in food markets. A primary reason for the increase in organized activism in the food sector is the proliferation of the provision of credence attributes which are attributes unobservable through search or experience (consumption and use). …

Analysis Of Nine U.S. Recessions And Three Expansions, Ray C. Fair

Cowles Foundation Discussion Papers

Nine U.S. recessions and three expansions are analyzed in this paper using a structural macroeconometric model. With two exceptions and one partial exception, the episodes are predicted well by the model, including the 2008-2009 recession, conditional on the actual values of the exogenous variables. The main exogenous variables are stock prices, housing prices, import prices, exports, and exogenous government policy variables. Monetary policy is endogenous. Fluctuations in stock and housing prices (housing prices after 1995) are important drivers of output fluctuations—large wealth effects on household expenditures.

Libraries At The Centre Of Community Transformation: A Bibliometric Study (2009-2019) Of The Influence Of Libraries On Segments Of Human Communities In Nigeria, Tochukwu Victor Nwankwo, Adizetu A. Ali Dr, Boniface U. Asadu

Library Philosophy and Practice (e-journal)

Purpose – The objective of the research was to undertake a bibliometric study (2009-2019) on the influence of libraries on segments of human communities in Nigeria. The specific objectives are to determine the bibliometric newspapers, databases, and institutional repository components of the Nigerian Academic, Social, Economic, Judicial, Political, Health, Cultural, and Religious Communities.

Design/methodology/approach – The method adopted was the descriptive survey research design; specifically the online content analysis technique was co-opted. The study covered all the publications published for or about Library Transformation in Nigeria by both Nigerians and foreigners (2009-2019); that are domiciled in Nigerian Online Newspapers, Online …

Analysis Of Nine U.S. Recessions And Three Expansions, Ray C. Fair

Cowles Foundation Discussion Papers

Nine U.S. recessions and three expansions are analyzed in this paper using a structural macroeconometric model. With two exceptions and one partial exception, the episodes are predicted well by the model, including the 2008-2009 recession, conditional on the actual values of the exogenous variables. The main exogenous variables are stock prices, housing prices, import prices, exports, and exogenous government policy variables. Monetary policy is endogenous. Fluctuations in stock and housing prices (housing prices after 1995) are important drivers of output fluctuations—large wealth effects on household expenditures. In explaining the 2008-2009 recession detailed financial variables such as credit-constraint variables are not …

On The Basis Of Sex: Personal Status Law Reforms And Economic Growth, Kylie Bring

Honors Theses

The purpose of this thesis is to analyze how law reform toward gender equity has an impact on economic growth in Arab countries in the Middle East. Personal status law reform granting women economic, social, and personal freedoms is spreading across the region and showing substantial change. Using case studies of major PSL reforms in Tunisia and Morocco, this thesis outlines qualitative and quantitative evidence to support the case that gender equity benefits the economic growth of the given country.

Affirmative Action And Mismatch: Evidence From Statewide Affirmative Action Bans, Leon Ren

Undergraduate Economic Review

This paper empirically evaluates the mismatch hypothesis by exploiting the quasi-experimental variation in the adoption of statewide affirmative action bans. Specifically, this paper examines the effect of such bans on minority graduation rates using a difference-in-difference, synthetic control, and triple-difference approach. My results suggest that statewide affirmative action bans are associated with an increase in minority graduation rates, consistent with the mismatch hypothesis, at highly selective institutions. Moreover, mismatch effects are not confined to science, technology, engineering, and math (STEM) majors. JEL Codes: I28, J15

Improved Information In Search Markets, Jidong Zhou

Cowles Foundation Discussion Papers

This paper studies how an improved information environment affects consumer search and firm competition. We find conditions for information improvement to have unambiguous impacts on search duration, price and consumer welfare. In many cases consumers benefit from information improvement regardless of how it affects the market price, but there are also cases where information improvement raises price significantly so that consumers suffer from it. Our model provides a unified way to consider the market implications of various types of information improvement such as search advertising, personalized recommendations, filtering, and VR shopping technology.

The Google Trends Uncertainty (Gtu) Index: A Measure Of Economic Policy Uncertainty In The Eu Using Google Trends, Luisa Weinberg

Undergraduate Economic Review

The objective of this research is to use Google search data to build the Google Trends Uncertainty (GTU) index, a weekly measure of uncertainty surrounding economic policy in the four largest economies in the European Union: Germany, France, Italy, and Spain. By obtaining the relative popularity of Google searches with economic policy uncertainty connotations given a specific timeframe and geographical area, the frequency with which people search for terms related to economic policy effectively serves as a proxy for actual economic policy uncertainty. In its entirety, the various elements of this research allow to accurately and unbiasedly measure economic policy …