Economics Commons^™

Estimating The Stability Of Okun's Law, Xinrui (Crystal) Wang, Samuel Schreyer

SACAD: Scholarly Activities

This study focuses on employing the gap version of Okun's Law, conducting regression analysis between the output gap and the unemployment gap to assess their effectiveness and long-term stability, and also estimates the significant relationship between the output gap and the unemployment gap. This study also compares the output gap dynamics during economic contractions and expansions.

The History Of Water Utility Management In Japan And The Recent Introduction Of Public-Private Partnerships: An Analysis Based On The Transaction Cost Concept, Akira Hachisu

Japanese Society and Culture

Japan’s water utility management is facing severe business challenges. During these circumstances, laws and systems are being developed to restructure the waterworks industry. Water utilities, as local public corporations, need to simultaneously pursue public interest and efficiency through public-private partnerships with private operators (public-private partnerships) and wide-area partnerships with neighboring operators.

The management foundations of Japan's water utilities have weakened, because they focus only on the effectiveness of accounting cost reductions. Specifically, the emphasis has been on the effect of reducing public sector finances, such as value for money. Outsourcing has been considered only by comparing accounting costs, such as …

Does The Budget Of A Movie Have An Impact On Income?, Luciana Mendoza, Fiorella Mendez, Samuel Schreyer

SACAD: Scholarly Activities

Numerous sources in the field have discussed the positive correlation between movie budgets and the box office income of movies. This research paper aims to examine further the effects budget has on the income success of movies. To achieve this objective, we have extracted data on the most popular movies globally from the International Movie Database (IMDb). The data utilizes information between the years 2019 to 2022. The dependent variable, INCOME, is controlling for various independent variables, which are BUDGET (in millions of dollars), RATING (on a scale of 1-10), and RUNTIME (in minutes). Furthermore, our categorical variables are MONTH …

Does Childcare Support Stimulate Women’S Employment?, Masako Kamada, Kazuyasu Kawasaki

Japanese Society and Culture

A childcare support policy was implemented as part of gender equality and countermeasures to the falling birthrate in Japan. One of the childcare support policies was provided preschool service free of charge in October 2019.

In this paper, we analyze whether this childcare cost reduction policy was effective or not. Especially, we focus on whether this childcare support policy contribute to accelerate female labor force participation or not. As a result of our analysis, we show childcare cost reduction policy is ineffective of female labor force participation.

The Legal Order In East Asian Family Law, Sai Sasaki

Japanese Society and Culture

No abstract provided.

Coal In Modern Japanese History, Tomoki Shimanishi

Japanese Society and Culture

This study investigates the relationship between coal and the modern Japanese economy from a historical perspective. Because Japan has utilized coal since the dawn of industrialization, we focus on various aspects, such as a primary energy source, a trade good, and a substance of environmental burden.

(1) Coal was not only an export good but also the most important primary energy source for Japan’s industrialization. However, coal imports grew after WWI. After all, the amount of imported coal surpassed domestic coal production in the late 1960s. (2) In the end of the 19th century, major coal mines abandoned the butty …

Whoever You Want Me To Be: Personality And Incentives, Andrew Mcgee, Peter Mcgee

Economics Faculty Publications and Presentations

What can employers learn from personality tests when applicants have incentives to misrepresent themselves? Using a within-subject, laboratory experiment, we compare personality measures with and without incentives for misrepresentation. Incentivized personality measures are weakly to moderately correlated with non-incentivized measures in all treatments. When test-takers are given a job ad indicating that an extrovert (introvert) is desired, extroversion measures are positively (negatively) correlated with IQ. Among other characteristics, only locus of control appears related to faking on personality measures. Our findings highlight the identification challenges in measuring personality and the potential for correlations between incentivized personality measures and other traits.

The National-Level Economic Impact Of The Manufacturing Extension Partnership (Mep): Estimates For Fiscal Year 2023, Brian Pittelko, Iryna V. Lendel, Sevrin Williams, Gunnar Ingle, Sasha Kolomensky, Kyle Crane

Reports

No abstract provided.

Environmental Policy And Audit Pricing, Monika K. Rabarison, Ibrajim Siraj, Bin Wang

School of Economics and Finance Faculty Publications

This paper examines the effect of environmental policy stringency (EPS) on audit pricing. By exploiting the exogenous variation in environmental policies across 26 countries, we find that firms in countries with more stringent environmental policies incur lower audit fees. The inverse association is more pronounced in common law countries, in countries with a higher level of public enforcement of regulations and in countries with more investor protection. The lower audit fees are also more prominent for firms that are followed by more analysts and firms that have a greater institutional ownership. Furthermore, we find that firms in countries with strong …

Mpt And Capm Mismeasure Risk, Gary N. Smith

Pomona Economics

Mean-variance analysis and the capital asset pricing model provide many useful insights for investors who want to measure and manage risk. However, their focus on short-term returns is of limited use and potentially misleading for investors with long horizons. A value investing approach suggests that risk might be better measured by long-run uncertainty about asset income than by short-run uncertainty about asset prices.

Trade Liberalization With Brics: A Cge Model Of Egypt, Kareem Ashraf

Theses and Dissertations

This paper presents an ex-ante impact assessment of a hypothetical FTA between Egypt and the BRICS from an Egyptian economy-wide and sectorial perspectives, with a granular look into manufacturing. The chosen methodology is a static SAM-based Computable General Equilibrium model calibrated to Egypt’s 2018-2019 Social Accounting Matrix (SAM). With respect to existing literature, the paper uniquely stands in considering an Egypt-BRICS FTA with a granular assessment of manufacturing subsectors and in running a simulation of Egypt’s trade liberalization with the wider BRICS alliance, including the accession of Saudi Arabia, UAE, Ethiopia, and Iran, which joined the bloc along with Egypt …

Broadly Shared Local Economic Success Since 2000: New Measures And New Lessons For Communities, Timothy J. Bartik, Brad J. Hershbein, Kathleen Bolter, Kyle Huisman, W.E. Upjohn Institute For Employment Research

Reports

In recent decades, many local labor markets—especially those in former industrial areas—have experienced lagging employment rates, hourly wages, and annual earnings. Even in places that have thrived, disadvantaged racial and ethnic groups and those with less education have often fared poorly, and long-term growth has bypassed many Americans at the middle and bottom of the income distribution. This report examines the relative economic success over the past two decades (prior to the COVID pandemic) of different local labor markets throughout the United States, both for residents overall and for those of different demographic groups. We construct a new, publicly available …

Does Dollarization Have An Impact On Economic Growth?, Jorge Robinson

Research Day

Many developing and undeveloped countries, grappling with issues such as hyperinflation, corruption, high unemployment rates, poverty, and financial instability, often view dollarization as a potential solution. Dollarization involves adopting the US currency as the official or parallel currency, a strategy observed in countries like El Salvador, Ecuador, and Zimbabwe. The purpose of this research is to compare the impact of dollarization on real gross domestic product (RGDP) to that of countries that did not adopt dollarization. My results indicate that dollarization does indeed affect economic growth. These findings demonstrate that dollarized countries experience a higher percentage change in RGDP compared …

Nebraska Monthly Economic Indicators: March 27, 2024, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator-Nebraska rose by a very rapid 3.48% in February 2024. The increase in the leading indicator, which is designed to predict economic growth six months into the future, implies that there will be strong growth in the Nebraska economy during the summer of 2024. Three components of the leading indicator improved significantly during February. There was a sharp increase in manufacturing hours worked, given the continued strong demand for food products. Business expectations also were strong. Respondents to the February Survey of Nebraska Business reported plans to increase sales and employment over the next six months. The …

The Safety Net Should Work For Working Age Adults, Lauren Bauer

Brookings Scholar Lecture Series

This lecture focuses attention on a population that is ill-served by the safety net but rarely acknowledged: low-income, working-age adults without dependents or government-determined disabilities. In this lecture, Brookings Scholar Lauren Bauer, a former Special Assistant in the Office of the Secretary at the US Department of Education, argues that a safety net that is inaccessible to ABAWDs (able-bodied adults without dependents) fails to recognize the precarious state of the low-wage labor market or how safety-net programs allow these workers to remain in the workforce. By modernizing the parameters of who qualifies for access to safety-net programs, assistance can be …

Cross-Cousin Marriage Among Tsimane Forager–Horticulturalists During Demographic Transition And Market Integration, Arianna Dalzero, Bret A. Beheim, Hillard Kaplan, Jonathan Stieglitz, Paul L. Hooper, Cody T. Ross, Michael D. Gurven, Dieter Lukas

ESI Publications

Although still prevalent in many human societies, the practice of cousin marriage has precipitously declined in populations undergoing rapid demographic and socioeconomic change. However, it is still unclear whether changes in the structure of the marriage pool or changes in the fitness-relevant consequences of cousin marriage more strongly influence the frequency of cousin marriage. Here, we use genealogical data collected by the Tsimane Health and Life History Project to show that there is a small but measurable decline in the frequency of first cross-cousin marriage since the mid-twentieth century. Such changes are linked to concomitant changes in the pool of …

[Discussions] Vol. 19 Iss. 1

Discussions

This issue of Discussions was published for the Spring 2023 cycle.

U.S. Public Equity Esg Fund Composite And Parnassus Core Equity Fund: Performance And Factor Attribution, Karthik Nemani, Barrett Buhler

Discussions

This is the first paper to examine all U.S. public equity Environmental, Social, and Governance (ESG) funds offered by the Forum for Sustainable and Responsible Investment’s (SIF) institutional member firms from 2005 to 2020. For ease of communication, this will be called the ESG Composite. With a Net Asset Value (NAV) over $150 billion, these funds comprise nearly half of the U.S. public equity ESG investment landscape. The article finds that the ESG Composite maintains performance with the Standard and Poor’s (S&P) 500 total return index on an overall returns basis with lower volatility, indicating greater risk-adjusted returns. Factor analysis …

Historical Perspectives In Volatility Forecasting Methods With Machine Learning, Zhiang Qiu, Clemens Kownatzki, Fabien Scalzo, Eun Sang Cha

Seaver College Research And Scholarly Achievement Symposium

Volatility forecasting in the financial market plays a pivotal role across a spectrum of disciplines, such as risk management, option pricing, and market making. However, volatility forecasting is challenging because volatility can only be estimated, and different factors influence volatility, ranging from macroeconomic indicators to investor sentiments. While recent works suggest advances in machine learning and artificial intelligence for volatility forecasting, a comprehensive benchmark of current statistical and learning-based methods for such purposes is lacking. Thus, this paper aims to provide a comprehensive survey of the historical evolution of volatility forecasting with a comparative benchmark of key landmark models. We …

An Investigation Of The Validity Of A Framework Constructed To Predict And Facilitate Upward-Stability, Timothy Streett

Graduate Theses, Dissertations, and Capstones

This study is an investigation of the validity of the theoretical assumptions of a programming model which posits that it is not income but rather a collection of personality and dispositional constructs which provide the foundation of an economically stable life, and that empowering those in poverty to improve their economic situation must begin with these constructs or will be a failed effort. The author provides a review of significant literature supporting the idea that these constructs are associated with better outcomes in many aspects of life. The author then provides original investigative research utilizing a self-administered, 40 item agree/disagree …

Payments As A Tool For Policy, Aaron Klein

Brookings Scholar Lecture Series

What are the implications of using payment systems to enforce foreign policy (against Russia, Iran, Cuba, etc...) and domestic policy (on-line poker, cannabis, etc..)? What are the long-term ramifications for the United States, with its dominant status as a global financial system and home to the world reserve currency, using payment systems to achieve its political objectives? In this lecture, Brookings Institution scholar and former deputy assistant secretary for economic policy at the Department of Treasury, Aaron Klein discusses the pros, cons, and intended and unintended consequences of our current system. He proposes a path forward to maximize economic growth …

Challenges And Countermeasures For Lithium Resources In China And Analysis Of Global Distribution And Industry Status, Lirong Dou, Huaqing Liu, Dekuan Chang

Bulletin of Chinese Academy of Sciences (Chinese Version)

With the rapid development of the global new energy industry, the strategic significance of lithium mineral resources is becoming increasingly pronounced. As a crucial material essential to the primary sectors of electric vehicles and energy storage batteries, the security of the lithium supply chain directly influences the industrial and economic development of the country. Global lithium resource reserves are primarily concentrated in several key countries, including Chile, Argentina, Bolivia, and Australia. Although China possesses a significant amount of lithium reserves, it faces challenges such as high mining difficulty, stringent environmental protection regulations, and low ore grades. These factors contribute to …

New Situation And Risk Coping Strategy Of Supply Chain Security Of Lithium Battery Industry Chain In China, Peng Du, Xuhua Qiu, Yusen Bai, Dong Guo

Bulletin of Chinese Academy of Sciences (Chinese Version)

Lithium battery industry is the core of supporting modern energy transformation and technological innovation of traffic electrification. In recent years, China’s lithium battery industry chain and supply chain security is facing new situations such as international trade and geopolitical conflicts, core technology dependence, and changes in domestic investment and financing environment. Based on the perspective of global supply chain management and industrial technology innovation, this study systematically analyzes the supply chain security of lithium battery industry chain in China, discusses the necessity of strategic cooperation of resources worldwide, independent innovation of technology, and optimization of supply chain management, and puts …

Build Regional Strategic Emerging Industry Selection System For Major Scientific And Technological Infrastructure: Structural Framework And Practical Consideration, Lingling Zhang, Congli Huang, Feite Zhou, Xiang Xu, Long Liu

Bulletin of Chinese Academy of Sciences (Chinese Version)

Under the circumstances of a new wave of scientific and technological revolution and industrial transformation, it has become imperative for the government’s industrial planning to effectively integrate regional resources with scientific and technological innovation capabilities, identify suitable regional strategic emerging industries, and establish clear directions for industrial development. Drawing on various classical theories of industrial selection from the perspectives of industrial economics and management, this research comprehensively considers six dimensions: technical support capacity of facilities, potential for industrial upgrading, regional resource endowment, social demands, government, and opportunities. Based on the Porter Diamond Model, a robust system is developed to select …

Comparison Of Open Sharing Modes Of Foreign Large-Scale Scientific Facilities And Implications For China, Dacheng Song, Shuai Xiao, Tianming Li, Ke Wen, Dingyi You, Chen Zhang, Qiang Wei, Runtong Guo

Bulletin of Chinese Academy of Sciences (Chinese Version)

The open sharing of large-scale scientific facilities plays a pivotal role in the ecosystem of open science. This is of great significance for promoting the development of science and technology, enhancing innovation cooperation, and boosting the overall competitive strength of nations. Starting from two dimensions of resource scarcity and sustainability, this study systematically sorts out four open sharing modes of large-scale scientific facilities: the public and inclusive sharing mode, the market response sharing mode, the intensive guarantee sharing mode, and the Strategic Cooperation Sharing Mode. Through the comparison analysis of four foreign large-scale scientific facilities, the study further elaborates the …

Smart Agricultural Development Model With Science And Technology Facilitated Rural Revitalization In Southern China, Yucheng Zhang, Wei Wu, Feng Dai, Lei Li, Shuqin Gao, Xingang Zhao

Bulletin of Chinese Academy of Sciences (Chinese Version)

Rural revitalization is a major task in realizing the great rejuvenation of the Chinese nation. Agriculture is the foundation of rural areas, and developing smart agriculture is an important means to realize rural revitalization. The southern hilly and mountainous areas are the concentrated distribution areas of land desertification in China, with obvious disadvantages in agricultural infrastructure, large poverty areas, and deep poverty levels. They are the “hard bones” that are difficult to tackle in rural revitalization in China. In the important period of consolidating and expanding the achievements of poverty alleviation and continuously promoting rural revitalization, under the background of …

Searching Govinfo.Gov/, Bert Chapman

Libraries Faculty and Staff Presentations

This U.S. Government Publishing Office (GPO) database provides access to information legal, legislative, and regulatory information produced on multiple subjects by the U.S. Government. Content includes congressional bills, congressional committee hearings and prints (studies), reports on legislation, the text of laws, regulations, and executive orders and multiple U.S. Government information resources covering subjects from accounting to zoology.

An Economic Advocacy Approach To Empower Rural Victims Of Gender-Based Violence: A Review Of The Literature, Loganne Ditter, Ziwei Qi

Academic Leadership Journal in Student Research

Gender-based violence (GBV) has devastating effects on survivors’ mental, emotional, psychological, physical, and financial well-being. In rural communities, cultural stigma, isolation, lack of services, economic deprivation, and poverty can create additional barriers for survivors to seek help and leave their abusive relationships. Economic advocacy is a survivor-centered approach that addresses poverty and economic insecurity in ending GBV and empowers individuals and communities with the necessary resources and skills. In this review article, the researchers aim to identify survivors’ unique challenges in rural communities, especially in economic hardship and financially dire situations. While the empirical research examined in this review has …

Twenty Years Of The Application Of Rooney Rule And Diversity Practices In The Nfl Workplace, David M. Savino

Journal of the North American Management Society

While the inception of the Rooney Rule has been generally applauded in its intention, the results achieved have been less than noteworthy. In the 20 years since its inception and application in team searches for head coaches of the National Football League, the outcome may be a true sign of the difficulty associated with creating fair and equitable job opportunities in any workplace. Also, there has been a long-standing and deeply entrenched system that has been in place, especially in the sports world, to ensure little change in the overall system. This has not only been true for the sports …

Working Remotely And Corporate Culture Wars In The Post-Pandemic Era, David M. Savino, Danielle C. Foster

Journal of the North American Management Society

Organizational culture is a sacred element of any organization. It is the lifeblood and the guiding force that makes each organization unique in its ability to navigate day-to-day and longer-term perspectives of corporate operations. Strong cultures help identify direction and philosophy and provide confidence in how to proceed to pursue innovative ideas and solve problems. Since 2020, the core value and the strength of many organizational cultures have been tested as a result of the increased reliance on working remotely and the adoption of a hybrid model of business operations not previously utilized to a great degree. While many survived …