Economics Commons^™

Climate Change , House Prices And Inequality In The United States, Zeynullah Gider

LSU New Orleans Theses and Dissertations

This dissertation investigates the multifaceted relationship between climate change, housing values, and inequality in the United States using county-level data from 2005 to 2022. In Chapter 1, we examine the heterogeneous impact of climate change on house prices, employing fixed-effect panel data analysis, Difference-in-Differences (DiD) with Propensity Score Matching (PSM), and fixed-effect panel quantile regressions. Findings indicate that climate change significantly impacts housing values, but this effect is not uniform. Low-value homes experience substantial price discounts due to heightened climate risk perception, while high-value homes are largely unaffected. This heterogeneity suggests that climate change poses a greater financial threat to …

Analysing Efficiency In The Medical Laboratory Industry Using Stochastic Frontier Analysis, Sinan Ertemel, Levent Kutlu

Economics and Finance Faculty Publications

This paper focuses on the estimation of efficiency within the medical laboratories industry, a sector of vital importance in healthcare due to its provision of essential diagnostic services. To this end, we employ three distinct stochastic frontier models to evaluate the technical efficiency of the medical laboratory industry. Our benchmark model stands out by considering the presence of heterogeneity, leading to robust findings compared to alternative models. The mean efficiency estimate is determined to be 70.6%, while the median efficiency estimate stands at 70.0%. Remarkably, our results highlight that the production technology employed in US medical laboratories demonstrates constant returns …

Estimating The Impacts Of Utah's Down Payment Assistance Program (Sb240): A Framework For Analyzing State And Regional Dpa Policies, Dylan Fallentine

All Graduate Reports and Creative Projects, Fall 2023 to Present

I examine the impact of Utah's Senate Bill 240, a targeted down payment assistance program for new homes priced under $450,000, on housing affordability and developer behavior. Using Synthetic Difference-in-Differences, Bayesian Structural Time-Series, Fixed Effects Difference-in-Differences, and Event Study Analysis, I assess whether SB240 influenced the construction of more affordable homes and led to reduced lot sizes, thereby fueling affordability.

My empirical analysis reveals that SB240 significantly reduced the transaction price of entry-level new homes in Utah, with an estimated average reduction of approximately $23,000. This effect is robust across various econometric models and data pools, indicating that the policy …

How Millennials Make Investment Decisions: Financial Literacy And Financial Behavior, Dewi Tamara, Anita Maharani

Economics and Finance in Indonesia

This study investigates the effect of financial literacy, financial attitude, risk perception, and financial behavior on investment decisions. Employing a survey method with 342 respondents in Jakarta, the findings reveal that financial literacy has a negative and insignificant effect on investment decisions. In contrast, risk perception plays a crucial role in influencing investment decisions. Furthermore, financial behavior has an indirect mediating effect between financial literacy and risk perception on investment decisions but does not affect financial attitude. This study concludes that risk perception and financial behavior are important factors in investment decisions. Future research may consider incorporating other variables such …

Examination Of Urban Spatial Structure After Covid Based On Hedonic Price Model, Shaoting Wen

Honors Theses

The traditional monocentric and polycentric city model assumes that people commute to the urban centers/subcenters (UCS) for work and, thus the houses close to the centers have convenience premium in commuting cost which drives up their prices. However, with more and more people switching to hybrid /remote working, average commute cost decreases, leading to the location of UCS and commute time influence less on housing price. This paper revisited the hedonic price model under the polycentric city context with the introduction of kernel density estimation (KDE). By choosing three of the top ten high-remote potentials and three of the top …

Patient Preferences And Physician Availability Based On Physician Nativity And International Medical School Attendance, Brigham Walker, Janna Wisniewski, Sarah Tinkler, Miron Stano, Rajiv Sharma

Economics Faculty Publications and Presentations

Roughly a quarter of physicians in the United States are either international medical graduates (IMGs) or foreign-born physicians (FBPs). We propose a theoretical model where patient preferences that disfavor IMGs/FBPs may result in these physicians offering better access to their services compared with non-IMGs/FBPs in equilibrium. We use data from two field experiments to test the predictions from the model: one concerning patient preferences and the other concerning physician availability. In the patient preferences field experiment, we find that patients strongly prefer physicians educated in the United States to IMGs by more than 2-to-1. In the physician availability field experiment, …

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 …

Do Small Dollar Loans Increase Low Income And Minority Homeownership? Evidence From The Usda Section 502 Lending Program, Luke Petach

Faculty Scholarship

This paper investigates the impact of small dollar mortgage lending on housing affordability and homeownership in the United States. Using data on small dollar mortgage lending at the state level from the USDA Section 502 Lending Program and data on housing affordability and homeownership at the household level from the American Community Survey, I show that an increase in the number of small dollar mortgage loans per-capita at the state level is positively associated with homeownership and housing affordability, particularly for low income households and non-white households. For Black, non-Hispanic households, doubling the number of USDA Section 502 loans per …

Borderplex Business Barometer, Volume 8, Number 12, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Could Renewable Energy Use Boost Goods Export Performance In Asean?, Sherina Rafidah Khairunnisa, Siskarossa Ika Oktora

Economics and Finance in Indonesia

ASEAN economic integration increases trade opportunities and also triggers an increase in carbon emissions, especially from exports of goods. ASEAN needs to switch to renewable energy to improve the performance of goods exports. This study analyzes the influence of renewable energy on goods exports in ASEAN, 2010–2020. The results show that renewable energy positively impacts the performance of goods exports. Based on the results of this research, it is hoped that the government in each ASEAN country can strengthen regulations and policies on the use of renewable energy by providing incentives for producers and exporters who use renewable energy.

Cooke City – Summer/Winter Visitor Data, Kara Grau, Melissa Weddell, Sophie Morris

Institute for Tourism and Recreation Research Publications

This research note summarizes the findings of ITRR’s Summer (2023) and Winter (2024) Cooke City Visitor Studies. Data was collected from visitors to the Cooke City, Montana, area to gain insight into who visits and what their visits entail. The following tables present travel group demographics and trip characteristics for visitors surveyed during both the summer and winter phases of the study.

How The European Union Should Respond To Trump's Tariffs, Ignacio García Bercero, Petros C. Mavroidis, André Sapir

Faculty Scholarship

President-elect Trump has threatened to increase United States tariffs to 60 percent on imports from China and 10 percent to 20 percent on imports from other trading partners, including the European Union. In doing so the US would be ignoring its World Trade Organisation commitments and would also rollback the substantial liberalisation that has taken place during the past 80 years, with a potentially major negative impact on the world economy.

In response to this threat, the EU should pursue a three-pronged strategy.

First, the EU should engage bilaterally with the US to seek to avoid the imposition of tariffs. …

Impact Of State-Level Family Policies On Female Labor Force Participation And Entrepreneurship, Kathryn Staczek Rudloff

Theses and Dissertations

This dissertation aims to investigate the impact of state-level family policies on women's participation in the labor force in the United States, focusing specifically on the rise of self-employment and solopreneurship among women. The research seeks to answer the following question: "How do family policies at the state level impact participation of American women in the labor force?"

The study utilized a convergent parallel mixed-methods design. A composite index of state level family policies was created to conduct cross-sectional exploratory data analysis of female labor force participation. Additionally, a qualitative phenomenological study of solopreneurs provided a deeper understanding of the …

Aggregate And Disaggregate Effects Of The Us-China Trade War On Us Agriculture, Aflatun Kaeser

All Graduate Theses and Dissertations, Fall 2023 to Present

In 2018 and 2019, the US-China trade war caused a significant shift in US agricultural trade dynamics. This thesis conducts an aggregate and disaggregate analysis of the impact, using event study analysis to reveal varying effects on US agricultural exports, with a substantial effect on Soybean and Dairy exports. The analysis also found that there are heterogeneous effects on other agricultural commodities such as fruits, wheat, and tree nuts. Using Bayesian Structural Time Series Modeling, the study finds a 29% decline in soybean exports during the trade war period. These findings underscore the importance of considering the heterogeneity in the …

Exploring Resilience: Insights From The Western U.S. Drink Tourism Industry During The Covid-19 Pandemic, Camillo Salvi

All Graduate Theses and Dissertations, Fall 2023 to Present

COVID-19 harmed the resilience of the United States tourism industry, undermining its economic stability. Specifically, the drink tourism sector was negatively affected by the pandemic due to its heavy reliance on consumer demand. Enhancing the ability to withstand, recover, and adapt to changing conditions is fundamental to promoting financial development and economic growth. This study aims to explore the determinants of resilience within this industry, focusing on wineries, breweries, and distilleries in the western United States during 2020 and 2021. Through a survey-based analysis, we identified what factors impacted their resilience and how these influenced the drink tourism domain, thereby …

Practice Unveils Weaknesses: Analysing The Implementation Of Regulations On Seafarers’ Work/Rest Hours, Bikram S. Bhatia

World Maritime University Ph.D. Dissertations

Seafarers’ fatigue risk management is rooted in regulations on manning and work/rest hours. These regulations establish a minimum fatigue management standard achieved through work/rest hours compliance. Seafarers must maintain daily records of their work/rest hours and report any non-compliance to their company. However, adjustments to these records have been reported in the literature. Such malpractice obscures instances of non- compliance and hinders the feedback necessary for resolving these issues, including flag State review and amendments to minimum safe manning documents. It compromises the integrity of fatigue risk management and underscores the need for further research.

This study examined the implementation …

Towards Sustainable Resource Management: Graph Modelling Insights From Ghana's Oil And Gas Local Content Ecosystem, Ebenezer Afrifa-Yamoah

Research outputs 2022 to 2026

A critical aspect of the management of oil and gas resources in Ghana is the effective promotion and development of local content to maximise the participation of local businesses and workforce in the oil and gas industry. This study examined local content drive in Ghana's oil and gas sector, analyzing its functional relations with institutional characteristics, participation, technology transfer, and economic growth via graph modelling framework. A total of 250 key stakeholders were involved in this cross-sectional study. A network analysis revealed the centrality of institutional characteristics in driving local content development, while economic growth was the least integrated domain. …

On The Decomposability Of Fractional Allocations, Shurojit Chatterji, Peng Liu

Research Collection School Of Economics

A common practice in dealing with the allocation of indivisible objects is to treat them as infinitely divisible and specify a fractional allocation, which is then implemented as a lottery on integer allocations that are feasible. The question we study is whether an arbitrary fractional allocation can be decomposed as a lottery on an arbitrary set of feasible integer allocations. The main result is a characterization of decomposable fractional allocations, that is obtained by transforming the decomposability problem into a maximum flow problem. We also provide a separate necessary condition for decomposability.

Is Subjective Well-Being Insured Against Income Shocks? Evidence From 20-Year Panel Data In South Korea, Jiyeon Ahn, Taehyun Ahn, Kim

Research Collection School Of Economics

Using 20 years of nationally representative panel data in South Korea, we estimate how life satisfaction responds to income shocks. We document that unexpected income changes significantly impact an individual's life satisfaction, and the magnitudes depend on the persistence of income shocks. We find that permanent income shocks substantially penetrate life satisfaction, while transitory income shocks have minimal impact. We also find that life satisfaction regarding external factors such as family income and leisure activities is more sensitive to income shocks than life satisfaction related to social relationships. Our findings imply that it is critical for the government to address …

Intellectual Property, Innovation And Economic Inequality, Daniel Benoliel, Peter K. Yu, Francis Gurry, Keun Lee

Faculty Scholarship

While growing disparities in wealth and income are well-documented across the globe, the role of intellectual property rights is often overlooked. This volume brings together leading commentators from around the world to interrogate the interrelationship between intellectual property and economic inequality. Interdisciplinary and globally oriented by design, the book features economists, legal scholars, policy analysts, and other experts. Chapters address the impact of intellectual property rights on economic inequality, the effect of economic inequality on the protection and enforcement of these rights, and the potential use of innovation law and policy to help reduce economic inequality. The volume also tackles …

How Important Are Labor-Market Gender Gaps In The South Caucasus?, Marc Teignier, David Cuberes

Economics

In this paper, we use survey data from the South Caucasus countries (Armenia, Azerbaijan, and Georgia) to document the presence of gender gaps in the labor market and examine its consequences. To do the analysis, we use a numerical general-equilibrium occupational choice model with heterogeneous agents in entrepreneurial ability. We then introduce the observed gender gaps in labor-force participants, employers, and self-employed. We find that entrepreneurship gender gaps cause an average GDP loss of 6.2%, while gender gaps in labor-force participation cause an average GDP loss of 9%. Armenia (2007) displays the largest total loss and Georgia (2007, 2014) the …

Universal Return And Factor Timing, Poh Ling Neo, Chyng Wen Tee, Jeroen Kerkhof

Research Collection Lee Kong Chian School Of Business

The authors highlight the shortcomings of commonly used performance graphs in assessing and comparing investment returns. This paper's main conceptual contribution is the introduction of Universal Return (UR) - a visual method to evaluate and rank investment strategies that challenges the traditional focus on raw performance statistics. The authors argue that the ranking of investment performance when viewed from a pool of investors over different entry time is more important than its overall absolute returns, as it better aligns investment analysis with the needs of investors, who are primarily concerned with identifying currently successful strategies or managers rather than dwelling …

The Scale Question As An Urban Question: The Making Of Homo Urbanicus Amid State Entrepreneurialism, Yong Zhang

Research Collection College of Integrative Studies

This research bridges two influential strands of literature on urban China—state entrepreneurialism and homo urbanicus (城市人). By revisiting how China’s post-reform urban transformation has unfolded and connecting it to current development strategies, this research provides a fresh perspective on the country’s urbanization processes and their implications for future governance. The analysis proposes an alternative periodization of three phases: anti-migration urbanism, anti-settlement urbanism, and anti-civitas urbanism. Beyond understanding urbanization as a crisis-driven, state-rescaling phenomenon pivoting around the blending of state and market forces, this research repositions the concept of homo urbanicus, or the urban citizen, as central to understanding the urban …

Intellectual Property, Global Inequality, And Subnational Policy Variations, Peter K. Yu

Faculty Scholarship

This chapter criticizes the oversimplification of the binary North–South debate on intellectual property, innovation, and global inequality and highlights the wide geographic, sectoral, and income inequalities within middle-income countries. It begins by explaining why the arrival of these countries has called into question the North–South debate. The chapter then moves from the widely studied subject of global inequality to the underexplored topic of national inequality. Focusing on the intellectual property context, the discussion highlights the considerable subnational variations in the economic and technological conditions of middle-income countries. To combat national inequality, this chapter concludes by recommending interventions in three areas: …

Introduction To Intellectual Property, Innovation And Economic Inequality, Daniel Benoliel, Peter K. Yu

Faculty Scholarship

This chapter provides an introduction to Intellectual Property, Innovation and Economic Inequality. It begins by discussing the problem of economic inequality, including the scale of that problem, types of economic inequality, and extant research on such inequality. The chapter then outlines the structure of this volume, which is divided into three parts: (1) theoretical, empirical, and policy issues; (2) intellectual property and national inequality; and (3) intellectual property and global inequality.

From Shocks To Solidarity And Superstition: Exploring The Foundations Of Faith, Aidin Hajikhameneh, Laurence R. Iannaccone

ESI Publications

Additive shocks can substantially increase cooperation in otherwise standard public goods game experiments. We study shocks that randomly adjust players’ earnings by a fixed positive or negative amount reported at the end of each round. These adjustments change neither the return to players’ contributions nor the information about other group members. We compare results across four treatments that employ the same group-level adjustment algorithm but frame it differently, with pre-play descriptions that range from omitting all useful information to accurately revealing its 50/50 random nature. In each treatment, overall contributions run about 50% higher than those obtained in the standard …

Faktor Kontributor Prevalensi Stunting: Studi Kasus Jawa Timur Tahun 2022, Sofiyulloh Sofiyulloh, Martya Rahmaniati

Jurnal Biostatistik, Kependudukan, dan Informatika Kesehatan

Malnutrisi, termasuk stunting, masih menjadi masalah kesehatan yang mempengaruhi kemajuan pembangunan berkelanjutan. Stunting, akibat kekurangan gizi berkepanjangan dan infeksi berulang, menghambat pertumbuhan anak. Di Indonesia, prevalensi stunting pada tahun 2022 adalah 21,6% dan masih belum mencapai target. Dan Jawa timur, angka stunting di 2022 adalah 19,2%, mendekati angka nasional pun masih belum mencapai target. Penelitian ini bertujuan mengidentifikasi faktor-faktor yang berkontribusi terhadap stunting di Jawa Timur, dengan fokus pada faktor soial ekonomi dan kesehatan. Data sekunder dari Kementerian Kesehatan, dan Dinas Kesehatan Jawa Timur dianalisis menggunakan uji korelasi. Hasil menunjukkan bahwa Indeks Pembangunan Manusia (IPM) dan rata-rata lama sekolah memiliki …

Implementation Of Total Quality Management To Improve Operational Efficiency And Customer Satisfaction In Lebanese Industries, Mohamad Nassif Nehme, Moulham Abouibrahim, Nada Jabbour Al Maalouf

Arab Economic and Business Journal

In today's dynamic business landscape, organizations are constantly seeking ways to improve their performance. Total Quality Management (TQM) is a popular strategy for organizational excellence. This paper aims to explore the relationship between TQM implementation, operational efficiency, and customer satisfaction in Lebanon's industry sector; specifically in the Food and Beverage, paints and coatings, and stove manufacturing sectors. The paper is based on a deductive approach. A mono-method approach is used to collect data from a sample of 100 professionals operating in various industrial companies in Lebanon, using structured questionnaires. The findings revealed that TQM has a positive impact on both …

Changes In Marital Sorting: Theory And Evidence From The Us, Pierre-André Chiappori, Monica Costa Dias, Costas Meghir, Hanzhe Zhang

Cowles Foundation Discussion Papers

Positive assortative matching refers to the tendency of individuals with similar characteristics to form partnerships. Measuring the extent to which assortative matching differs between two economies is challenging when the marginal distributions of the characteristic along which sorting takes place (e.g., education) change for either or both sexes. We show how the use of different measures can generate different conclusions. We provide axiomatic characterization for measures such as the odds ratio, normalized trace, and likelihood ratio, and provide a structural economic interpretation of the odds ratio. We then use our approach to consider how marital sorting by education changed between …

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 …