Economics Commons^™

Catching Up To Yesterday: An Argument For A Practical Application Of Creativity For Inspiring Change From A Content-Based Course Delivery To A 21st-Century Skills-Based Delivery, Darren Chapman

Creativity and Change Leadership Graduate Student Master's Projects

This project is a creative vision for how college-level courses could be changed to deliver the most important skills students need in the 21st century—moving toward an essential employability skills-based delivery process while training vocational (content) skills. Technology is outpacing humans' ability to adapt and adopt to it, making it increasingly difficult to keep pace with technological change. This has wide-ranging effects on each of us – productively, emotionally, and perhaps physically. Colleges are at the forefront of educating citizens about the working world to improve their productivity, incomes and their sense of intrinsic motivation. However, these same colleges are …

Ireland, Intellectual Property And The Political Economy Of Information Monopolies, Kenneth W. Murphy

Articles

Ireland’s policies towards US-owned global digital intermediaries (Big Tech) have emerged as an international political issue and received global media attention. So far, political and media focus has been on the impact of Ireland’s tax policies on the revenue-raising ability of other European states and perceptions of light touch regulation of those corporations based in the Republic. The current paper will focus on how Ireland’s switch to a focus on capital allowances for the sizeable American tech corporations has enabled the latter to sustain their dominance in the digital transition through incentivizing and subsidizing their switch to assetization as a …

The Effect Of Housing Burden And Access To Affordable Housing On Abortion Rates, Isabelle Huggard

Honors Theses

In the United States a household’s highest expenditure is housing. Low-income households feel this more acutely and have higher rates of housing burden. Past research documents a link between financial constraints and abortion. Three studies published in 1988, 2004, 2014 sought to understand the reasons women get abortions, and found that finances are a prominent reason given. If housing is a large share of household finances and finances play a large role in abortion demand, how might housing affect abortions? This study looks at the effect of three housing mechanisms on abortion rates: rent to income rate, mortgage to income …

The Impact Of U.S. News And World Report College Rankings On Prospective Students’ Decisions And Enrollment Outcomes, Camilla Schneider

Honors Theses

The following paper further expands on previous research using more recent data which is important given changes in the last decade. This paper will answer the question: How do U.S. News and World Report college rankings impact college application and enrollment decisions for prospective students within American public and private colleges and universities? Application decisions refer to the choice to apply to a school while enrollment decisions refer to the choice to attend a school after being accepted. This paper analyzes Integrated Postsecondary Education Data System (IPEDs) admissions/applicant, fall enrollment, and financial data alongside historical USNWR rankings lists to investigate …

Does Innovation Facilitate Meeting The Co2 Emission Reduction Targets Of China: A Non-Linear Approach, Yifan Wang, Nadia Doytch, Mohammed Elheddad, Wei Li, Mengna Chi

Ateneo School of Government Publications

China has been implementing energy efficiency and CO2 emission reduction schemes at the provincial level that have been embedded in the National Five Year Plans of the country. We set out to investigate the relationship between R&D expenditures and CO2 emissions in China at the province level in the context of the planned emissions reduction targets. We explore the possibility of the existence of a non-linear relationship between R&D expenditures and CO2 emissions with a non-parametric methodology, a fixed effect panel data quantile (FEQR) regression estimator applied to a panel of 30 provinces. We stratify the sample according to the …

Do The Securities Laws Actually Protect Investors (And How)? Lessons From Spacs, Patrick M. Corrigan

Journal Articles

From the Article

This Article identifies transactional innovation in public offering markets as a case study of how going-public transactions would work if issuers could choose to relax some of the investor protections provided under the securities laws. In recent years, private companies that wanted to go public had a meaningful choice between a traditional initial public offering and a merger with a special purpose acquisition corporation (SPAC). Most of the direct and indirect investor protections that ordinarily apply in the initial public offering context are relaxed in the SPAC context.

The Article argues that outcomes in SPAC markets, where …

Exchange Rate Pass-Through To Inflation For Bangladesh: An Empirical Analysis, Saila Sarmin Rapti

Graduate Student Theses, Dissertations, & Professional Papers

Assessing the impact of exchange rate pass-through (ERPT) on inflation is a crucial concern for policymakers in both developed and developing economies. The study evaluates both short- and long-term pass-through effects, shedding light on the relationships between the exchange rate movements and inflation rates in Bangladesh. In this regard, this paper applies an Auto Regressive Distributed Lag (ARDL) model and Engle and Granger cointegration test with Error Correction Modeling (ECM) to estimate ERPT in Bangladesh based on monthly data spanning 2010 to 2023 to provide a more robust and rigorous investigation of the long-run and short-run pass-through of exchange rates. …

The Impact Of Local Tax Burdens On In-Migration In The Intermountain West, 2011-2020, Katharine Johanna Johnson

Graduate Student Theses, Dissertations, & Professional Papers

This study examines the role that local tax revenues and spending played in migration to cities in the Intermountain West from 2011 to 2020. Decades of research on migration to the region have examined migration responses to natural amenities and socioeconomic characteristics of cities, counties, and states in the region. However, despite prior findings’ indications that local fiscal factors play as important of a part in migration decisions as local amenities do, little research has examined the role that local taxes and spending, in addition to natural amenities, have had on migration decisions in the Intermountain West. Almost 90 percent …

Hubris Or Talent? Estimating The Role Of Overconfidence In Chinese Households’ Investment Decisions, Jing Xu, Maroula Khraiche, Xi Mao, Xuan Wang

School of Economics and Finance Faculty Publications

We document the extent to which overconfidence in one’s financial literacy (FL overconfidence) plays a role in households’ reported financial risk aversion and their actual investment behavior, using data from the China Household Finance Survey. We measure FL overconfidence by estimating the gap between people’s self-reported financial literacy and their objectively measured financial knowledge. Our results indicate that FL overconfidence is negatively associated with self-reported financial risk aversion. Additionally, FL overconfidence is positively associated with the likelihood of having a brokerage account, holding risky financial instruments (other than just stock), and a proportion of assets allocated towards risky assets. We …

Late-Arriving Votes And Electoral Fraud: A Natural Experiment And Regression Discontinuity Evidence From Bolivia, Diego Escobari, Gary A. Hoover

School of Economics and Finance Faculty Publications

This paper uses a unique data set and a natural experiment to test if electoral fraud can exist in late-arriving votes. On the night of the 2019 Bolivian elections, the official vote counting system that was expected to publish the results real-time, suddenly stopped. When it resumed, the results had flipped. We estimate several difference-in-differences specifications using a 2016 referendum and the votes of other political parties. We find that the extent of the fraud is 2.51% of the valid votes, sufficient to change the outcome of the election. Our results are robust to polling-station-level shocks common across 2019 and …

Economic Growth Before And After The Fiscal Stimulus Of 2008–2009: The Role Of Institutional Quality And Government Size, André Varella Mollick, Andre Coelho Vianna

School of Economics and Finance Faculty Publications

Governments implemented fiscal stimulus packages to alleviate the global financial crisis of 2007–2009. Using annual data from 1996 to 2019, we investigate economic growth in a large sample of countries for pre-and post-Global Financial Crisis years. Our approach analyzes the interaction between institutional quality and government size (government expenditures as share of GDP), reinforced by threshold estimations. We document that economies react to government size depending on the quality of the institutions in question. First, fixed effects models indicate higher institutional quality has positive effects on growth, while government size—and its interactions with institutional quality—has negative effects. Second, the coefficients …

Entrepreneurship, Resource Rents And Institutions, André Varella Mollick, Lu Sui

School of Economics and Finance Faculty Publications

The resource curse hypothesis supposes that rents generated by resource booms create opportunities for rent-seeking activities, which weaken innovation and economic development due to the potentially adverse effects in competitive markets. The quality of institutions is an important channel to transform society from a rent-seeking economy to an entrepreneurial economy. We address in this paper these channels by examining necessity, opportunity, productive and innovative measures of entrepreneurship. Using annual data from 2002 to 2017, we estimate the relationship between entrepreneurship and natural resource rents for 60 countries. Allowing for measures of institutions (corruption, government policies, and cultural and social norms) …

Neoclassical Production, Scarcity Of Skills And Pareto Distributions, Armando R. Lopez-Velasco

School of Economics and Finance Faculty Publications

The distribution of top earnings follows a “power-law”: the top tail of the distribution is thick relative to other distributions and is approximately Pareto-distributed. There are different mechanisms proposed in the literature that yield Pareto distributions and power-laws. This paper shows that a simple general equilibrium model where aggregate production is assumed of the constant-elasticity-of-substitution (CES) type over multiple labor inputs generates distributions in earnings and wages that follow power-laws. The finding is very general as the distribution of the skill-types is irrelevant for the shape parameter (the Pareto exponent) of the power-law. The model displays a tight relationship between …

Endogenous Immigration Policy In A Stylized Political Economy, Armando R. Lopez-Velasco

School of Economics and Finance Faculty Publications

The following sections are included:

• Introduction

• A Political Economic Model of Immigration

  • The economic environment

  • Preferences of the old

  • Preferences of the young

  • Types of equilibria

• Applications and Extensions

  • Aging

  • The model under periodic fertility rates: Baby booms and baby busts

  • Immigration and dynamic efficiency

• Conclusions

• References

• Appendix

  • The indirect utility function of the young as a function of wt, Rt+1 and bt+1

  • Proof that b t + 1 R t + 1 is given by τ ( 1 − α ) α s t

  • Derivation of the young agent’s indirect utility function (Equation …

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The Role Of Place Of Birth And Residence In Puerto Rican Health Disparities: Evidence From Disability Prevalence Among Archipelago- Vs. Mainland-Born Puerto Ricans, Mara Getz Sheftel, Frank W. Heiland

Publications and Research

Objectives: This paper provides new estimates of disability prevalence for the archipelago and mainland-residing Puerto Rican populations ages 40 and above and compares disability by place of birth and place of residence to investigate drivers of middle and older age health.

Methods: Large nationally representative samples from 2013 to 2017 American Community Survey and Puerto Rico Community Survey data are used to estimate age-specific disability prevalence for archipelago-born/archipelago-residing, archipelago-born/mainland-residing, mainland-born/mainland-residing Puerto Ricans.

Results: Mainland-born/ mainland-residing Puerto Ricans have the lowest age-adjusted disability rates and archipelago-born/archipelago-residing Puerto Ricans have the highest rates. Differences in education explain part of this disparity.

Discussion: …

Highlights Of The Borderplex Economic Outlook To 2025, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Mexico Consensus Economic Forecast, Volume 27, Number 1, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Market Trends And Emerging Opportunities: Thailand And Japan In The Evolving Us Packaging Industry, Patsanut Dejavichitlert

Chulalongkorn University Theses and Dissertations (Chula ETD)

This paper examines the packaging industries of Thailand and Japan, with a focus on their competitiveness and potential for success within the evolving US market. The research explores the size, structure, and comparative advantages of each country's packaging sector. Analyses, including the Revealed Comparative Advantage (RCA), Trade Specialization Index (TSI), Porter's Five Forces, Porter's Diamond Model, and SWOT analysis provide a comprehensive assessment of the strengths, weaknesses, opportunities, and threats faced by Thai and Japanese packaging firms. The study reveals that both Thailand and Japan possess unique advantages, with Thailand's cost-competitiveness and Japan's focus on innovation and quality offering distinct …

Enhanced Prediction Of Stock Markets Using A Novel Deep Learning Model Plstm-Tal In Urbanized Smart Cities, Saima Latif, Nadeem Javaid, Faheem Aslam, Abdulaziz Aldegheishem, Nabil Alrajeh, Safdar Hussain Bouk

School of Cybersecurity Faculty Publications

Accurate predictions of stock markets are important for investors and other stakeholders of the equity markets to formulate profitable investment strategies. The improved accuracy of a prediction model even with a slight margin can translate into considerable monetary returns. However, the stock markets' prediction is regarded as an intricate research problem for the noise, complexity and volatility of the stocks' data. In recent years, the deep learning models have been successful in providing robust forecasts for sequential data. We propose a novel deep learning-based hybrid classification model by combining peephole LSTM with temporal attention layer (TAL) to accurately predict the …

Enhancing People's Subjective Wellbeing: Assessing The Impact Of Universal Health Coverage Through Wellbeing Adjusted Life Years, Ryan Joseph R. Dizon

Economics Department Faculty Publications

The establishment of public health programs, such as universal health coverage (UHC), aims to ensure health and wellbeing for all throughout the life course. These health programs have far-reaching impacts that extend beyond physical health. This study examines the impact of UHC on people's subjective wellbeing through a cross-country analysis using a multidimensional measure of health: the wellbeing adjusted life years (WALYs). WALYs are derived from life satisfaction data from the European Values Study and World Values Survey (1990–2014). The study employs an instrumental variable approach and Lewbel's method—a heteroscedasticity-based identification strategy, and additionally incorporates personality into the model. Findings …

Are All Renewable Energy Sources The Same? A Comparative Analysis Of Public Perceptions And Preferences For Renewable Energy Types In Southeast Asian Cities, Daniel Del Barrio Alvarez, Nan Wang, Masahiro Sugiyama, Masako Numata, Truong Dang Thuy, Azlina Abd Aziz, Rosalina Palanca-Tan, Aung Ze Ya, Ariel Anshory Yusuf, Awang Noor Abd Ghani, Gem Castillo, Martin Daniel Siyaranamual, Sengprasong Phrakonkham, Vilas Nitivattananon, Wunna Swe

Economics Department Faculty Publications

The realization of a sustainable energy transition in Southeast Asia will require the overcoming of the current high reliance on fossil fuels in the energy mix and the steady and rapid growth in energy demand in the region. To achieve an economically, socially, and environmentally sustainable energy transition in the region, it is vital to utilize all available renewable energy sources to the greatest extent possible. It is therefore essential to gain an understanding of how citizens in each country perceive the available renewables. However, the majority of existing literature in this region has been constrained by a narrow focus …

Fostering Flexibility: How Medicare Advantage Potentially Accelerated Telehealth Benefits, Lisa M. Grabert, Grace Mccormack, Erin Trish, Kathryn L. Wagner

Economics Faculty Research and Publications

In 2018, the US Congress enacted a policy permitting Medicare Advantage (MA) plans to cover telehealth services in a beneficiary’s home and through audio-only means as part of the basic benefit package of services, where prior to the policy change such benefits were only allowed to be covered as a supplemental benefit. MA plans were afforded 2 years of lead time for strategizing, negotiating, and capital investment prior to the start date (January 1, 2020) of the new coverage option. Our data analysis found basic benefit telehealth was offered by plans comprising 71% of enrollment in 2020 and increased to …

Consumer Demand For Food Products, Price Surge, And U.S. Public Policy: An Empirical Economic Analysis, Clement Olivier Codjia

Theses and Dissertations--Agricultural Economics

This dissertation, by leveraging advanced econometric modeling approaches and exploiting suitable large datasets, investigates consumer food product demand in a setting of change in regulating policies as well as unforeseen price increases. Three chapters have mainly enabled the dissertation to achieve its research goals, which have been explicitly presented in Chapter 1 along with the background as well as the core problem the studies have elaborated on.

Given that soft drinks stand out as a major cause of obesity and overweight worldwide, whereas the United States is the country most concerned with this problem, experts have agreed that labels and …

Empirical Linkage Between Economic Growth And Political Instability And The Effects Of Inequalities In Africa, Francis Joseph Assenga

CGU Theses & Dissertations

The examination of the relationship between political instability and economic growth is critical in today's global economy, especially in African nations facing multifaceted challenges. Over recent decades, this connection has been a key area of focus for economic scholars, driving significant empirical research. Previous studies, which examined the dynamics of this relationship consistently underscore the profound interconnectedness of economic growth and political stability in the sense that, political instability hampers economic growth, while economic downturns can trigger political unrest and government collapse.

Our study empirically investigates the linkage between economic growth, political instability, and inequality in Africa, analyzing data from …

Mobile Food Displacement And Formalization: A Case Study Of Portland’S Block 216, Marcello Ursic

Pomona Senior Theses

Portland has been on the cutting edge of American mobile food for over fifteen years, becoming a critical darling in the popular and academic press for its role in trailblazing progressive mobile food policy buttressed by broad-based civic engagement. In recent years, Portland’s mobile food landscape has begun shifting as downtown development has picked up post-recession, displacing some of the oldest and most prominent city center food cart pods with others likely to follow. Meanwhile, a new breed of formalized, purpose-built food cart pods has gained ascendancy. Called “food courtyards,” their armored, insulated, and bourgeois character is distinct from traditional …

Association Of Medicaid Expansion With Birth Outcomes: Evidence From A Natural Experiment In Texas, Meryem Saygili, Esra Eren Bayindir

Economics Faculty Publications and Presentations

Background: Empirical evidence on the effects of Medicaid expansion is mixed and highly state-dependent. The objective of this study is to examine the association of Medicaid expansion with preterm birth and low birth weight, which are linked to a higher risk of infant mortality and chronic health conditions throughout life, providing evidence from a non-expansion state, overall and by race/ethnicity.

Methods: We used the newborn patient records obtained from Texas Public Use Data Files from 2010 to 2019 for hospitals in Texarkana, which is located on the border of Texas and Arkansas, with all of the hospitals serving pregnancy and …

The Unequal Distribution Of Social Risk For Black Men Across The Life-Span. A Novel Framework., Waleed Y. Sami

Adultspan Journal

This conceptual overview offers a comprehensive overview of systemic pathways that negatively impact the mental health of Black Men throughout their lives. Our argument highlights the importance for counselors and mental health professionals to utilize a thorough social risk assessment that considers these pathways in order to effectively address the mental health needs of Black Men while fostering positive working relationships. This overview strongly advocates for the use of context and structural determinants when evaluating mental health symptoms. Without an appropriate understanding of social risk and determinants, counselors may inadvertently perpetuate disparities by decontextualizing symptomology, and reproducing racist discourse.

Abmscore: A Heuristic Algorithm For Forming Strategic Coalitions In Agent-Based Simulation, Andrew J. Collins, Gayane Grigoryan

Engineering Management & Systems Engineering Faculty Publications

Integrating human behavior into agent-based models has been challenging due to its diversity. An example is strategic coalition formation, which occurs when an individual decides to collaborate with others because it strategically benefits them, thereby increasing the expected utility of the situation. An algorithm called ABMSCORE was developed to help model strategic coalition formation in agent-based models. The ABMSCORE algorithm employs hedonic games from cooperative game theory and has been applied to various situations, including refugee egress and smallholder farming cooperatives. This paper discusses ABMSCORE, including its mechanism, requirements, limitations, and application. To demonstrate the potential of ABMSCORE, a new …

A Stock Optimization Problem In Finance: Understanding Financial And Economic Indicators Through Analytical Predictive Modeling, Aditya Chakraborty, Chris Tsokos

Epidemiology, Biostatistics, & Environmental Health Faculty Publications

Given the significant impact of healthcare stock changes on the global economy, including its GDP and other financial factors, we endeavored to create an analytical prediction model for forecasting the annual percentage change of these stocks. Our model, which is nonlinear, incorporates five key discoveries. We focused on predicting the average weekly closing price (pWCP) of AbbVie Inc. (North Chicago, IL, USA)'s healthcare stock (ABBV) from 1 August 2017 to 31 December 2019. The stock was chosen based on the low beta risk, high dividend yield, and high yearly percentage return criteria. Alongside predicting the weekly stock price, our model …

Towards Inclusive Public Administration Systems: Public Budgeting From The Perspective Of Critical Race Theory, Juan Pablo Martínez Guzmán, Meagan M. Jordan, Philip G. Joyce

School of Public Service Faculty Publications

While there is a developing consensus that governments need to address systemic racism, public administration scholarship has not played a large role in supporting policymakers who want to achieve that end. To institutionalize that effort, we analyze the budget process as a setting to identify inequities and incorporate social equity given its overarching reach across all programs and policies. This article uses the tenets of critical race theory to illustrate how to use the budget process to incorporate equity. The resulting racial equity budgeting (REB) framework has three tenets: acknowledging and correcting historic biases, increasing the voice of nondominant groups, …