Economics Commons^™

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 …

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

School of 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 …

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 …

How To Discipline Financial Markets: Reputation Is Not Enough, Maria Bigoni, Gabriele Camera, Marco Casari

ESI Working Papers

Historically, shocks originating in the financial sector often spilled over into the real sector with dramatic consequences. We study in the lab how interventions targeting disclosure and capital requirements of financial intermediaries can reduce insolvencies or prevent their negative effects from propagating to the broader economy. In our two-sector economy, consumers and producers can fund financial intermediaries, who, in turn, provide them with liquidity to settle trades. However, intermediaries may undertake risky investments and become insolvent, which depresses real economic activity. In the experiment, insolvencies were frequent. As a consequence, consumers and producers often refused to fund intermediaries, which lowered …

Social Capital, Post-Industrial Society, And Faulty Industry Experience: Higher Education’S Engagement Opportunity In Applied Disciplines, Asa B. Wilson, Steven A. Stovall, Edward Crowley

Journal of the North American Management Society

Higher education faces two currents - declining social capital support and the post-industrial transition. Both impact the academy and its students. The associated challenges are discussed as engagement opportunities for the academy in applied disciplines. Also, the instructional value of faculty industry experience (IE) is defined as an attribute of social capital. It fosters student engagement while building an experiential learning bridge from the classroom to the workplace. A composite case based on faculty social capital backgrounds illustrates how faculty IE augments program development, academic rigor, student readiness, research creativity, industry linkages, and community impact. Follow-up research opportunities are identified.

The Importance Of Creativity As A Leadership Trait In Times Of Uncertainty, Niall C. Hegarty, Gerald Cusack

Journal of the North American Management Society

The purpose of this article is to illustrate that in times of uncertainty and crisis leadership creativity is the key ingredient in ensuring the survival of the firm. In such times there is no stock solution - one size does not fit all. Hence, the important trait of creativity is a crucial component needed in organizational leadership. The article progresses through the various types of creativity and challenges to survival of organizations that require the presence of creativity and develops a creative LOOP system to promote continued organizational creativity. Triggered by the presence of Covid-19 and the natural exploration of …

Journal Management, Administration, And Promotion: The Power And Impact Of The Jnams Relaunch, Michael Dobbs, Heather S. Mcmillan

Journal of the North American Management Society

No abstract provided.

Exploring The Impact And Challenges Of Global Business Courses In Higher Education: Perspectives Of Teachers And Students, Maged Eid, Razan Baradhi, Laurent Yacoub, Nada Jabbour Al Maalouf

Arab Economic and Business Journal

This study evaluates the impact and challenges of the "Global Business Core" course, where students from various countries engage in online, synchronous discussions via videoconferencing to explore life-related topics and intercultural learning. By focusing on the perspectives of both students and instructors, this qualitative study offers an in-depth understanding of how global business education shapes participants' experiences. Data were collected through unstructured interviews with 15 students, 5 instructors across 6 countries, and the director of global academic initiatives. The data were manually processed using a coding process in line with thematic analysis, which involved identifying key patterns and themes from …

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 …

The Motherhood Wage Penalty: Estimation Across Various Factors, Mario Velazquez

Undergraduate Research Symposium Posters

Maternity and family leave policies are implemented in the workplace and sometimes even mandated by governments to allow first-time mothers to provide care for their newborns and recover from childbirth. However, these policies vary by country, and previous research publications have found that women face a “motherhood penalty” when they take a leave from work, leading to reduced earnings compared to women who do not have children. The main purpose of this paper is to validate whether new mothers do in fact face a decrease in their earnings over time, to compare this penalty across numerous variables, and to explore …

Latina Maternal Anxiety And Early Child Development: A Scoping Review, Micaela Gigena

Undergraduate Research Symposium Posters

Latina mothers' mental health struggles, particularly anxiety, can significantly impact their children's development. In Latino culture, stigma and shame surrounding mental health discussions often prevent individuals from seeking help, which can exacerbate effects. This scoping review aims to examine currently available research on the impact of maternal anxiety on early child development in Latina populations across North America, South America, and the Caribbean. A literature search was performed to find relevant peer-reviewed and grey literature through five electronic databases. Out of 469 results, 33 relevant studies were identified for full-text screening. Data will be extracted to explore the association between …

Examining The Effects Of Food Insecurity And Socioeconomic Status On Breastfeeding Duration Among Latina Mothers In Las Vegas, Nika Jenabi

Undergraduate Research Symposium Posters

Background: This study aims to investigate breastfeeding duration among Latina mothers in Clark County. We hypothesize that Latina mothers who experience significant health disparities, including low food security and limited economic resources, are likely to have shorter breastfeeding durations.

Methods: This study employed a cross-sectional design. The preliminary sample included 54 mothers who met the following inclusion criteria: aged 18 or older, self-identifying as Latina, having at least one child under 5 years old, and residing within Clark County. The survey included questions related to experiencing food insecurity, socioeconomic factors, and breastfeeding duration. Data analysis was performed using STATA 17 …

The Law Of One Price And Its Impact On Arbitrage Opportunities For Cryptocurrencies, Francis Edmond Taylor

Walden Dissertations and Doctoral Studies

Understanding the unprecedented growth of cryptocurrency has challenged professionals and scholars. This study involved addressing the existence of arbitrage opportunities in the Canadian cryptocurrency market. The purpose of this study was to test the theory of the law of one price (LOP) on cryptocurrency in Canada. The LOP demonstrates the value of a financial asset should be the same across different markets. The research questions for this study examined if different exchanges cause arbitrage opportunities in the Canadian cryptocurrency market and if volatility and liquidity were influencers of the arbitrage opportunities between Canadian cryptocurrency exchanges. A quantitative nonexperimental cross-sectional research …

Between Responsive Gestures And Adaptive Actions: Deciphering The Differential Impact Of Csr Strategies On Stock Market Performance, Sonal Kumar, Rahul Ravi, Nilanjan Basu

Finance Department Faculty Journal Articles

Purpose – This paper offers a fresh perspective on this debate by exploring the direct relationship between a firm’s stock price performance and its CSR activities, placing particular emphasis on the underlying intent or motive behind the CSR initiatives.

Design/methodology/approach – This research examines the relationship between a firm’s stock price and its corporate social responsibility (CSR) activities, distinguishing between responsive and adaptive CSR. While responsive CSR, often a response to negative events, elicits immediate positive stock performance, adaptive CSR initially triggers negative stock performance. However, long-term analysis reveals adaptive CSR leads to positive stock performance, especially for family firms. …

Promote Deep Integration Of Real Economy And Digital Economy, Qinmin Wang

Bulletin of Chinese Academy of Sciences (Chinese Version)

Deep integration of digital technology, industrial development, and data resources empowers development of the digital economy, constantly opens up new tracks, creates new momentum, and establishes new advantages, becoming a new powerful engine for global economic and social development. China attaches great importance to the high-quality development of the digital economy. This study discusses the practical experience of vigorously promoting digital industrialization and industrial digitization, promoting the deep integration of digital technology and the real economy, and accelerating the construction of a network power and digital China. It also proposes countermeasures and suggestions to further promote the efficient empowerment of …

Building Modern City And Urban Science, Guangtao Wang, Fen Li, Xiang Liu, Yufei Gao

Bulletin of Chinese Academy of Sciences (Chinese Version)

China is in a new stage of development of Chinese-style modernization, and the construction of modern cities plays a leading role in the process of modernization. Urban science is an important direction that urban researchers has been exploring, and the construction of modern cities needs the guidance of China’s urban science theory. On the basis of summarizing the basic characteristics of urban science, this study draws on the frontier progress of urban science both domestically and internationally, this study proposes definitions of China’s urban science, and constructs a theoretical framework with four dimensions, namely, ideological guidance, theoretical evidence-based approach, practical …

Reflections On Strengthening Digital Public Goods Institutions To Promote Construction Of Open Source Innovation Ecosystem, Chao Zhang, Ze Feng, Kaihua Chen, Qigang Zhu

Bulletin of Chinese Academy of Sciences (Chinese Version)

The digital public goods institutions are important foundations for promoting the development of an open source innovation ecosystem, which helps to break the key limitations faced by China’s open source innovation ecosystem, such as the lack of unity in technology routes and concentration of R&D power. Based on discussing the significance of improving digital public goods institutions, this study reviews the experience of major countries in the world in building digital public goods institutions and analyzes the prominent problems faced by the construction of China’s digital public goods institutions. This study points out that China’s open source innovation ecosystem faces …

Benefits And Challenges Of Constructing Low-Altitude Air Route Network Infrastructure For Developing Low-Altitude Economy, Xiaohan Liao, Chenchen Xu, Huping Ye

Bulletin of Chinese Academy of Sciences (Chinese Version)

Low-altitude airspace is a resource that needs to be fully explored, and the low-altitude economy is a new type of economic activity resulted from low-altitude airspace exploration and utilization. As the primary players of low-altitude flight activities, the commercialization and wide applications of unmanned aerial vehicles (UAVs) are promoting the prosperity of the low-altitude economy. A low-altitude air route network is an effective means to ensure the safe and efficient operations of a large number of UAVs, and it is also a new key infrastructure hosting low-altitude traffic. The history shows that the investment on public transport infrastructure as a …