Economics Commons^™

Keynote Address Delivered At The Mediation Seminar, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

One of the pillars of good governance is the rule of law and administration of Justice. The main plank of market economy is property rights and enforcement of contracts. Among several determinants of Foreign Direct Investment and International Trade flows the mechanisms by which disputes are resolved among the contracting parties features prominently. Inclusive development in which the majority of the population shares the benefits also requires Financial inclusion i.e access to capital. I would like to begin with Article 37 (d) of the constitution i.e provide inexpensive and expeditious justice. This in turn implies Affordability and Access. The world …

Automobile Resources: Car Culture Through Teacher In-Service, Ronald V. Morris, Denise Shockley

The Councilor: A National Journal of the Social Studies

Teachers learned about the automobile industry and car culture in a half day professional development meeting. Teachers had a guest content expert, teachers who constructed materials presented their materials. The website parts including primary sources, lesson plans, podcasts, virtual field trip, readings, videos, and interactive maps were reviewed. Lesson plans supported the C3 framework and the materials examined controversial issues in the auto industry. Teachers examined the website where the materials where housed and examined resources for classroom use. Teachers learned more about the automobile industry, car culture, and historic preservation.

Teaching The New Deal: 1932-1941 – Review And Analysis, Susan M. Foster, Brian Walker Johnson

The Councilor: A National Journal of the Social Studies

Teaching the New Deal: 1932-1941 is a text of crucial and timely importance for students and teachers of middle and high school social studies. Through the lenses of four major themes, authors demonstrate inquiry-based pedagogy to intentionally provoke students to consider non-binary conclusions that closely examine the purported heroes, villains, and martyrs of traditional historical narratives. Rather than presenting a factual or ideological approach to teaching disciplinary standards, this text depicts the New Deal Era as a period in history that can be used to critically and creatively discuss the politics of personal identity and to explore the legacies of …

Overcoming Disparities In The Treatment Of Alzheimer’S Disease, Christian Gamboa, Tribhuvan Lanka, Elaine Flowers, Nayarith Lopez

Rowan-Virtua Research Day

Background: Deaths due to Alzheimer’s have been increasing at an exponential rate for the last 24 years, with an astounding 145% increase between the years 2000-2024. Early detection is key to slowing down the rate of decline. Unfortunately, Latino and African American individuals delay seeking care, which predisposes them to worse outcomes. To date, socioeconomic limitations are the main factors leading to delayed care in Latino and African American communities. A service project was developed with the aim of addressing limitations that result in delays to seeking care within Latino and African American communities.

Methods: A systematic review of available …

Exploring Hypertension Prevalence Among Ill-Housed Individuals In Urban Environments, Lia Summer Goldberg, Sameer Shah, Nikhila Archakam, Murod Khikmatov, Kesha Choksi, Anddee White

Rowan-Virtua Research Day

This study explores the interrelations of hypertension, homelessness, and access to healthcare in urban ill-housed populations. It was found that conditions such as heart disease and diabetes significantly exacerbate hypertension, which remains highly prevalent due to the population's limited access to consistent medical care. Homelessness further complicates the management of hypertension due to unstable living conditions, making adherence to treatment and follow-up with healthcare providers challenging. Additionally, factors like higher rates of substance abuse and malnutrition among homeless populations contribute to worsening hypertension, which, if untreated, can lead to severe health crises including heart attacks and strokes.

The research underscores …

Pros, Cons, And The Barriers To Implementing A Universal Healthcare System In The United States, Arpun Shah

Rowan-Virtua Research Day

Background: The United States has the most expensive healthcare system in the world. Despite that, it also has worse health outcomes than that of several other countries. The United States is also the only wealthy/developed country without universal healthcare. Universal healthcare, also known as a single-payer healthcare system, refers to the concept that the government finances and governs healthcare for most, if not all residents of the country. The United States currently has a multi-payer system, which means that healthcare is financed through various sources such as the public and private sectors. Purpose: The purpose of this is …

Addressing The Black Maternal Mortality Rate, Kennedy Sanders, Venkateswar Venkataraman, Kate Whelihan

Rowan-Virtua Research Day

Introduction: As of 2021, the Black maternal mortality rate in the United States was 69.9 deaths per 100,000 live births as compared to the national average of 32.9 and the White American average of 26.61. It has been demonstrated that this discrepancy is not fully explained by socioeconomic status. Doulas are professionals who provide support and guidance throughout pregnancy, birth, and early parenthood. Encouraging the use of doulas may be an effective approach to improve the birth experience for Black mothers. Methods: A literature review was performed using PubMed and the following search strings: maternal mortality rate (+race, +race +ethnicity, …

Sunscreen Cost And Its Effect On Skin Cancer In Low-Income Communities: A Systemic Review, John Sauer

Rowan-Virtua Research Day

This research examines the pivotal connection between sunscreen affordability and its impact on skin cancer prevalence, especially in low-income communities. Despite universal dermatological recommendations for daily sunscreen use, stringent criteria contribute to elevated prices, averaging around $10 for a 6 oz unit. This financial strain is compounded for families adhering to recommended application rates, leading to significant economic burdens. Outdoor laborers, less likely to follow guidelines, face heightened risks. Government programs' excluding sunscreen costs further exacerbate challenges for low-income communities, contributing to increased skin cancer incidence. This review aims to establish a correlation between sunscreen cost and skin cancer rates, …

Towards A Sustainable Planet: Review Of ‘Global Environmental Politics’ By Kütting And Herman (2018), Mona Safizadeh

Markets, Globalization & Development Review

Global Environmental Politics by Kütting and Herman (2018) explores our planet's complex challenges, urging collective action for sustainability. Across 13 chapters, the book explores sustainable consumption, the role of technology, and the impact of evolving economies on global politics. This comprehensive guide emphasizes the interconnectedness of environmental, social, and economic factors, offering insights for stakeholders to navigate toward a healthier future.

Beneath The Mask: The Performance Of Blackness And Economies Of Caricature In American Fiction, Terri Bowles

Markets, Globalization & Development Review

In American Fiction (2023), written for the screen and directed by Cord Jefferson, satire, drama and comedy frame a knife-sharp examination of America’s cultural reproductions of stereotype and caricature. The film, based on Percival Everett’s novel Erasure, explores the fraught professional position of Thelonious “Monk” Ellison (Jeffrey Wright), a professor-author pressed to write a bestseller amid family upheaval and financial strain. Monk’s resulting novel, a gritty send-up of urban tropism drafted in a fit of fury and frustration, exploits America’s fixation on commodifying and flattening Blackness—and becomes an instant hit. This review explores the film’s interrogations of race, class and …

Can Marketing Transcend Entrenched Gender Biases?, Thinh Nguyen

Markets, Globalization & Development Review

Through a feminist lens, Maclaran and Chatzidakis (2022) challenge conventional assumptions about gender, emphasizing its performative nature shaped by social practices rather than inherent traits. This commentary extends analyses of key themes such as gender performativity, the male gaze, and subject-object binaries within marketing. It critiques how marketing strategies reinforce existing power imbalances and systemic biases rooted in historical narratives. The writing also reflects on media interpretations of gender issues through films like 'Turning Red' and 'Barbie'. By contextualizing gendered marketing within broader societal frameworks, this writing contributes to ongoing dialogues in media studies, sociology, and gender studies, highlighting the …

Toils, Troubles, And Travesties Of Representation, Nikhilesh Dholakia, Deniz Atik

Markets, Globalization & Development Review

No abstract provided.

A Multi-Group Public Goods Game Experiment, Aaron S. Berman

Behavioral and Computational Economics (MS) Theses

People belong to many different groups, and few belong to the same network of groups. Moreover, people routinely reduce their involvement in dysfunctional groups while increasing involvement in those they find more attractive. The net effect can be an increase in overall cooperation and the partial isolation of free-riders, even if free-riders are never punished, excluded, or recognized. We test this conjecture with a multi-good extension of the standard finitely repeated public goods game. Our results from four treatments suggest that the multi-group setting indeed raises overall cooperation and dampens the impact of free-riders.

Specifying And Estimating Vector Autoregressions Using Their Eigensystem Representation, Leo Krippner

Sim Kee Boon Institute for Financial Economics

This article introduces the principles and mechanics of the eigensystem vector autoregression (EVAR) framework, where a VAR may be specified and estimated directly via its eigenvalue and eigenvector parameters. Using explicit constraints on the eigensystem permits control of a VAR ís allowable dynamics, which is illustrated empirically with standard and time-varying VAR estimations specified to be always non-explosive.

Llms Can’T Be Trusted For Financial Advice, Gary N. Smith

Pomona Economics

ChatGPT and other large language models (LLMs) do not understand the text they input and output. When three prominent LLMs were tested with 11 financial-decision prompts, the LLM responses were seemingly authoritative but riddled with arithmetic and critical-thinking mistakes. Financial planners are unlikely to be replaced by LLMs anytime soon.

Financial Self-Efficacy Among Puerto Rican Women In The United States: An Ethnographic Action-Based Research Study, Melinda Jimenez Perez

Theses & Dissertations

The purpose of this ethnographic action research study was to better understand the financial self-efficacy of Puerto Rican women in the United States. There is a gap in the literature in identifying the relationship between middle-class Puerto Rican women and financial literacy. In a pilot study, four major findings emerged from the survey about Puerto Rican women and their relationship with finances: (a) as children, mothers taught them to save, and as adults, they rely on the male figures in their families; (b) the traditional education systems did not provide financial education; (c) the childhood culture of poverty and scarcity …

Match Stability With A Costly And Flexible Number Of Positions, James Gilmore

Behavioral and Computational Economics (MS) Theses

One of the objectives of two-sided matching mechanisms is to pair two groups of agents such that there is no incentive for pair deviation. The outcome of a match can significantly impact participants. While much of the existing research in this field addresses the matching with fixed quotas, this is not always applicable. We introduce the concept of slot stability, recognizing the potential motivation for organizations to modify their quotas after the match. We propose an algorithm designed to create stable and slot stable matches by employing flexible, endogenous quotas to address this issue.

Uganda’S Parish Development Model In Practice: Rationale, Impact And Relevance For Bottom-Up Economic Development In Africa, Steve Kayizzi-Mugerwa

Southern African Journal of Policy and Development

The Parish Development Model (PDM), launched by the Ugandan authorities in early 2022, is the country’s latest attempt at making devolution work for local development, financial and social inclusion at the national level, and growth-enhancing economic transformation more broadly. The introduction of the PDM in Uganda raises the question of whether state-led local development initiatives, when undertaken in partnership with the private sector and civil society are feasible in a resource-constrained country. To succeed, the PDM will require a “whole-of-government” approach and strong institutions, both are still in the making. The paper looks at four specific challenges of PDM implementation: …

Examining The Relationship Between Politics And The Economy, Evan Pals

Honors College Theses

The purpose of this project is to quantify the relationship between the US political environment and the American economy. First, impacts of U.S. presidential elections on the American economy are analyzed. The project will analyze the time effects of elections on multiple economic indicators. Average returns on the following investments will be observed: Dow Jones Industrial Average, S&P 500, gold, and silver. Additionally, the price of crude oil and the consumer price index will be studied. Time dummy variables will then be incorporated to show whether an election took place within the given time period, splitting the data into two …

Evaluating The Applicability Of Hernando De Soto's Theories In Context Of Bangladesh's Informal Housing Sector, Md Mohotasim R. Khan

2024 Spring Honors Capstone Projects - Archive

This research project examines Bangladesh's urban informal housing sector, aiming to understand the dynamics considering Hernando de Soto's theories, as articulated in "The Other Path." With 52% of urban residents living in slums, the study adopts a mixed-method approach, analyzing De Soto's framework, conducting literature reviews, case studies, and utilizing secondary data on urban informal housing. The objective is to identify structural and operational aspects of informal housing in Bangladesh and compare these with De Soto's observations in Peru. The significance is underscored by its focus on socio-economic perspectives, offering insights into the informal housing sector's impact on development indicators. …

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 …

Essays On High-Frequency Financial Econometric, Qiyuan Li

Dissertations and Theses Collection (Open Access)

This dissertation consists of three papers contributing to the theory of estimation and inference of high-frequency financial data. In the second chapter, a general framework is introduced for optimal nonparametric spot volatility estimation based on intraday range data, comprised of the first, highest, lowest, and last prices over a given time interval. Employing a decisiontheoretic approach together with a coupling-type argument, the form of the nonparametric estimator is directly tailored to the specific volatility measure of interest and the relevant loss function. The resulting new optimal estimators offer substantial efficiency gains compared to existing commonly used range-based procedures. The third …

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 …

How Did The Tax Cuts And Jobs Act Of 2017 Effect Small Businesses?, Jackson Pittman

Accounting Undergraduate Honors Theses

The Tax Cuts and Jobs Act (TCJA) of 2017 marked a significant overhaul of the United States tax system, promising to stimulate economic growth and enhance the competitiveness of American businesses. Amidst its broad-reaching reforms, the TCJA introduced several provisions directly impacting small businesses, aiming to alleviate their tax burdens and foster entrepreneurial activity. This thesis endeavors to evaluate the multifaceted effects of the TCJA on small businesses, examining its implications for their financial performance, investment behavior, and overall economic contribution.

Preliminary findings suggest that the TCJA has produced a generally positive result for small businesses. On one hand, reduced …

The Effects Of Short-Term Rentals On Communities And How To Legislate Them: An Expanded Literary Review, William Cherry

Finance Undergraduate Honors Theses

A literary review of the economic and socioeconomic effects of short-term rental properties, specifically the commercialization of the industry based upon other research studies. An in-depth look at how commercialized short-term rentals effect the younger generation, hospitality industry, housing market, communities they reside in, and other externalities. A further review of different legal case studies of short-term rental legislation in major cities across the globe and their varying degrees of effectiveness.

Dreams And Livelihoods In Rural Areas Require Capital, Too: An Investigation Into The Role Of Diminishing Community Banks, Financial Education, And Access To Capital In Rural Areas, Jackson Walton

Finance Undergraduate Honors Theses

Individuals in rural communities face unprecedented economic challenges due to a lack of financial education and a decline in the prevalence of community banks. These problems have continuously grown exponentially without successful attempt at remedy. The community banks that once served as the center of economic activity and prevalence in rural communities are leaving these communities quickly- leaving many without access to lines of credit, personal relationship banking, and without necessary financial education in a world with more financial options than ever. Access to banking and higher financial literacy proficiency rates are almost directly linked to better financial outcomes like …

The Economics Behind The Legalization Of Sports Gambling And Financial Market Relations, John Bassham

Finance Undergraduate Honors Theses

With the recent legalization of sports gambling, it has become a popular spectacle among sports fans and financial analysts pursuing an understanding of it. This thesis dives into the meticulous relationship between sports gambling and economic factors/financial market relations using academic literature to understand the relationship.

The thesis explores sports gambling from an economic standpoint using incentives to understand the market participants and economic advantages and disadvantages. It also uses academic literature and analytics to make a case for market efficiency while also delving into particular inefficiencies.

Furthermore, this thesis uses characteristics of the stock market in comparison of the …

Fear Of China's Economic Power: Media And Party Affiliation On Public Opinion, Cloe Hughes

Student Scholar Symposium Abstracts and Posters

The United States and China are the world’s two greatest economic rivals. The US-China trade war–which started in 2018–is a result of this battle for economic hegemony and has raged on for the past six years. While trade decisions are ultimately up to policymakers, public opinion is a large factor in international policy decisions, and American biases against the Chinese may adversely affect both the American and Chinese economies. In this paper, I will examine how factors including media consumption and partisanship impact American attitudes towards China’s economy overtaking the United States’ economy. Previous research has studied the effects of …

The Mathematics Of Financial Portfolio Optimization Incorporating Environmental, Social, And Governance Score Information, Ian Driskill

Master's Theses

We numerically investigate the effects that Environmental, Social, and Governance (ESG) scores have on portfolio optimization with Modern Portfolio Theory assumptions and how ESG scores correlate with the market returns of a rated company's stock. Additionally, we review and analyze a research paper published in the Journal of Financial Economics regarding ESG investing titled “Responsible investing: The ESG-efficient frontier” by Pedersen, Fitzgibbons, and Lukasz. Our overall goal is provide insight for socially responsible inclined investors, to help them understand what ESG scores tell us and how those scores may effect their overall investment returns."

An Account And Reflection Of What Has Allowed Poland To Have A Successful Transformation From Communism To A Free-Market Economy: How Foreign Investment And Poland's Tax Code Has Stimulated Economic Growth And What Ukraine Can Learn When Rebuilding Its Economy., Gunnar Krug

Finance Undergraduate Honors Theses

I have always had a deep fascination with history, mainly European history. This academic thesis is a perfect opportunity to blend my learnings from the Sam M. Walton College of Business with my lifelong passion for European history. My paper is about finding a specific policy during Poland’s transformation from a centralized economic communist country to a free market democratic country and using that to help stimulate Ukraine’s economic recovery postwar with Russia. I traveled to Poland for about a week to get the best understanding of what Poland’s recovery looked like, not just in terms of economic numbers but …