Economics Commons^™

Essays On The Economics Of Hurricanes, Haishan Yang

All Graduate Theses and Dissertations, Fall 2023 to Present

This dissertation explores how Hurricanes Katrina and Rita affected the economy in New Orleans and nearby areas in Louisiana. Using a variety of econometric techniques, my dissertation aims to understand the effects of these storms on employment, wages, and housing prices.

In the first essay, I focus on employment in New Orleans. I find that Katrina led to significant and lasting job losses in nearly every sector, while the construction sector stood as an exception, recovering within just three months. Interestingly, wages increased in most sectors. This suggests that with fewer workers available, those who remained became more valuable, leading …

Extension Event Attendance Increases Adoption Of Weed Management Practices By Sports Field Managers, George Frisvold, Chandrakant Agme, David Ervin, Shawn W. Askew, Rebecca Grubbs Bowling, Jennifer Allen, James T. Brosnan, Multiple Additional Authors

Economics Faculty Publications and Presentations

Data from a national survey of 348 U.S. sports field managers were used to examine the effects of participation in Cooperative Extension events on the adoption of turfgrass weed management practices. Of the respondents, 94% had attended at least one event in the previous 3 yr. Of this 94%, 97% reported adopting at least one practice as a result of knowledge gained at an Extension turfgrass event. Half of the respondents had adopted four or more practices; a third adopted five or more practices. Nonchemical, cultural practices were the most-adopted practices (65% of respondents). Multiple regression analysis was used to …

Is It True That Immigrants Reduce Social Trust Or Reduce Institutional Quality?, Jacob Sorenson

All Graduate Reports and Creative Projects, Fall 2023 to Present

With a presidential race beginning in the United States, one topic that is sure to be discussed a lot in the news and by people trying to decide on who to vote for is whether or not the US should allow more immigrants into the country, and what the regulations surrounding these new entrants should look like. While this topic is usually only discussed during the campaign stretch, it isn’t new nor is it unimportant. For this reason, formal immigration research is abundant and used to inform the debate. This research has many strengths, but one area of focus that …

The Effect Of Export-Related Measures On Indonesian Export Of Palm, Cpo, And Its Derivative Products, Edy Krismanto Sipayung, Christina Ruth Elisabeth

Economics and Finance in Indonesia

This study investigated the effect of Export-Related Measures (ERMs) imposed by the Government of Indonesia on the export volume and value of palm, Crude Palm Oil (CPO), and its derivatives products utilizing the export data of Indonesia to 194 destination countries in the 2011–2020 period. This study combined the dataset of ERMs from the United Nations Conference on Trade and Development (UNCTAD) database and relevant Indonesian regulations. The results reveal that ERMs have a positive and significant effect on both the export volume and value of Indonesian palm, CPO, and its derivatives products. The price-raising effect or costs of ERMs …

(Wp 2023-06) Richard Arena On Sraffa And Wittgenstein, John B. Davis

Economics Working Papers

This paper discusses Richard Arena’s insightful and original contributions to interpreting the important interaction between Piero Sraffa and Ludwig Wittgenstein. It discusses this in terms of dilemmas they each encountered in transitions in their thinking in the 1930s, emphasizes the influence of Sraffa’s unpublished “Surplus Product” text, compares Sraffa’s critique of “natural science point of view” and Wittgenstein’s critique of logical form, and compares Sraffa’s later understanding of the relationship between production and distribution and Wittgenstein’s later understanding of forms of life and language-games. The paper argues this thinking opened up a approach to economic philosophy in connection with the …

Evaluating Garment Fit Perception For Pregnant Women During 1st, 2nd, Or 3rd Trimesters, Nelima Zipporah Barasa

Graduate Theses and Dissertations

During pregnancy, women experience diverse physical body changes as the pregnancy progresses through different periods. It has been noted that anthropometric changes occur during pregnancy in a non-linear manner and can be measured using 3D body scanners at various stages of pregnancy. The changes are diverse, and impact pregnant women's garment fit differently as the pregnancy progresses through each trimester. Pregnant women have experience in dressing their pre-pregnant bodies in stylish garments and would similarly want to dress fashionably when pregnant. This has led to the need for garments that can accommodate body changes comfortably and fashionably without losing the …

Costs Of Wind Erosion In The Northern Agricultural Region, Anne Bennett

Natural resources published reports

Summary

• To date, the Department of Primary Industries and Regional Development’s (DPIRD) estimated opportunity cost of wind erosion for Western Australia’s (WA) agricultural region has only included the costs of forgone production income and therefore underestimates the broader costs of wind erosion events.
• This underestimation of costs was the impetus to create a case study to give an indication of the magnitude of the costs of wind erosion from agricultural land.
• Farmers in the Northern Agricultural Region (NAR) were contacted to seek information about the on-farm costs of wind erosion events that occurred in 2020. Seventeen farmers responded to the …

Assessing The Feasibility Of Implementing A Dairy Industry In Mauritius, Sophia Ultes

Economics Undergraduate Honors Theses

Mauritius faces food security and economic challenges due to its lack of a domestic dairy industry. To address this, the University of Arkansas partnered with the Ministry of Agro Industry and Food Security to explore the possibility of establishing a dairy sector on the island.

Through surveys and interviews with locals, including restaurant owners and grocery store customers, we investigated the demand for fresh milk. We also studied factors like consumer preferences and production costs. Our research, conducted with IRB approval, aimed to understand if people are willing to buy locally produced milk.

During the summer, our team visited Mauritius …

An Econometric Modeling Of Price Support: The Bitcoin Case, Levent Kutlu

School of Economics and Finance Faculty Publications

In technical analysis, price support plays an important role. In line with the stochastic frontier analysis, we present a formal model to estimate the bottom price support for a stock or cryptocurrency. As an example, we examine Bitcoin's bottom price.

Joining A Currency Union To Improve Financial Development And Competitiveness: The Case Of Slovakia, Etsub Tekola Jemberu, Bruce Dehning

Accounting Faculty Articles and Research

Enhancing competitiveness is a priority for nations seeking to promote economic growth. One of the critical drivers of a nation’s sustainable competitiveness is financial system development. However, whether joining a currency union has a positive impact on a country’s financial system development requires further investigation. This study evaluates the impact of euro adoption on Slovakia’s financial system development using a synthetic control method with lasso regularization methodology. A comprehensive index that captures the depth, access, and efficiency of financial institutions and markets is used to measure financial system development. Based on a donor pool composed of non-euro OECD countries, the …

An Intersectional Approach To Quantifying The Impact Of Geographic Remoteness And Health Disparities On Quality-Adjusted Life Expectancy: Application To Australia, Peter Lee, Steven J. Bowe, Lidia Engel, Erica I. Lubetkin, Nancy Devlin, Lan Gao

Publications and Research

Objectives

Methods

International Labour Migration, Farmland Fallowing, Livelihood Diversification And Technology Adoption In Nepal, Karki Nepal, Mani Nepal, Randall Bluffstone

Economics Faculty Publications and Presentations

This article investigates the effect of temporary international labour migration on farmland fallowing, adoption of agricultural intensification technologies and livelihood diversification. Using nationally representative data, combined with empirical methods that allow causal inference, the authors find that households with international migrants are over 50 per cent more likely (based on propensity score matching estimates) to have fallow land than those without. Temporary international migration promotes the adoption of some agricultural intensification technologies and causes rural households to diversify their livelihoods. Land fallowing may increase food insecurity, while agricultural intensification may improve it, for an uncertain net effect.

Anticipatory Impacts Of The Repeal Of Roe V. Wade On Female College Applicants, Janna Wisniewski, Brigham Walker, Jillian Torres, Rajiv Sharma

Economics Faculty Publications and Presentations

We examined the relative impact of the anticipated repeal of Roe v. Wade on the share of female applicants to universities in states where abortion was banned compared with universities in states where abortion remained legal. Using the Common Data Sets from 71 of the top 100 institutions in the United States spanning 27 states from academic years 2018–2022, we found that there was a nearly one percentage point relative decrease in the share of female undergraduate applicants to institutions in ban states compared with states in which abortion remained legal. This suggests that undergraduate applicants are sensitive to state …

The Determinants Of The Underemployment Gender Gap In The Philippines: A Decomposition Analysis, John Ichiro Arbole, Luisa Martina Gaston De La Paz, Therese Genota, Katrina Hernandez, Lawrence B. Dacuycuy, Maria Zunally Rapada, Krista Danielle Yu

Angelo King Institute for Economic and Business Studies (AKI)

Underemployment is a prevalent labor market issue around the globe. It reflects how an individual can be employed but is unable to work to their desired number of hours, receive sufficient wages, or fully utilize their skills, leaving them in precarious working conditions. Studies on underemployment and its gendered impact in the Philippines remains limited with most labor studies primarily addressing wage and unemployment. This study addresses this gap by identifying the factors contributing to underemployment and gender-based inequalities in the Philippines. Using quarterly data from the Labor Force Survey from 2012 to 2021, we distinguished between visible and invisible …

An Analysis On The Efficiency Of Philippine Microfinance Institutions: A Stochastic Frontier Approach, Ryan Lou Dio, Elijah Jacob Mendoza, Lunette Clarisse Nunez, Ma. Ellory Villanueva, Myrna S. Austria, Tereso S. Tullao Jr

Angelo King Institute for Economic and Business Studies (AKI)

Microfinance institutions (MFIs) were created to provide loans and financial services for the poor as commercial banks have requirements that are not accessible to them. The Philippines government soon started using MFIs as a poverty alleviation tool to answer the market failure created by the commercial banking industry since it cannot accommodate the needs of low-income earners due to the high costs attached to it. However, recent studies have shown that MFIs are “mission drifting,” which means that they are deviating from their original social purpose and becoming more financially driven. As a result, this paper estimates the financial and …

Analysis On The Credit Accessibility And Growth Of Manufacturing Firms In The Cases Of Indonesia, Philippines, And Vietnam, Sophia Angela Jimenez, Kamille Daquinag, Maria Regina Victoria Sagrit, Brian Irvin Chan, Albert Lamberte, Maria Zunally Rapada, Krista Danielle Yu

Angelo King Institute for Economic and Business Studies (AKI)

Micro, small, and medium enterprises (MSMEs) contribute to income and employment generation, poverty reduction, and industry growth in the ASEAN region (Mendoza, 2015). Their significant contributions to economies have led countries to emphasize the importance of firm growth, which is influenced by credit accessibility. Majority of existing enterprises in Indonesia, the Philippines, and Vietnam are composed of MSMEs with limited financial resources to foster growth (Paratama, 2019). This hinders the potential of manufacturing MSMEs to have sufficient funding. However, existing literature suggests that credit access significantly provides a positive impact on firm growth only until a certain threshold point (Nizam …

Pandemic Impacts On Women’S Mental Health: A Literature Review, Wenqi Gong

Honors Scholar Theses

For many years, women's mental health has been a topic of discussion in the research field, and these problems are usually regarded as the result of gender inequality. This study identifies mental health differences among women in different family structures in the context of a pandemic, by citing scenario-based research from 2020 to 2023. More specifically, by comparative analysis, disparities in a series of variables are observed between married and unmarried women. These findings figure out risk factors that tend to distress women. The literature review emphasizes the huge challenges confronting women today, and the root causes of the psychological …

Social Media Impacts On Arkansas Consumer Perceptions Of Gmos, Elizabeth R. Berner

Graduate Theses and Dissertations

This study builds upon previous consumer perceptions of GMOs studies. A need existed to determine what, if any, effects social media messages about GMOs had on consumer perceptions in Arkansas. The study utilized a qualitative approach with three focus groups. Data were analyzed using descriptive code. Participants were found to have a general understanding of GMOs, though discussion about what a GMO product was took an uncertain tone. Most participants did not consider GMOs as a factor when purchasing products. Rather participants considered characteristics such as price, quality, and convenience. Participants did not believe the infographics had changed their opinions …

Borderplex Business Barometer, Volume 7, Number12, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Modelling Sentiment And Trader Aggressiveness In Cryptocurrency Markets: An Empirical Analysis Of The Bitcoin Limit Order Book., Angelique Nicole Huei Yin Thang

Dissertations and Theses Collection (Open Access)

Cryptocurrency assets are inherently susceptible to social sentiment. Due to emotional contagion, extreme emotions influence and drive traders’ order execution behaviour. This study aims to empirically model the relationship between sentiment and trader aggressiveness for two types of traders: Whales and Retails. Additionally, I uncover the mediating roles of momentum, mean reversion, and market timing underpinning the dynamics of the off-chain Bitcoin market. Time series data collected from the Coinbase level 3 Bitcoin limit order book is first reconstructed to access its core structure. Next, sentiment data from Reddit is extracted and processed using an internal Natural Language Processing pipeline. …

The Relationship Between Reits Industry Characteristics And Project Performance: The Moderating Role Of Macroeconomic Fluctuations, Ying Cai

Dissertations and Theses Collection (Open Access)

As a distinct investment vehicle, Publicly Listed Real Estate Investment Trusts (REITs) projects enable real estate projects to be listed on the stock market. This study begins with the industry attributes of the underlying assets of Publicly Listed REITs projects. Using econometric methods, it analyzes the variances in market performance between growth and defensive REITs, based on annual data from 1,674 REITs products in the United States from 2005 to 2022 and 27 listed REITs in China from Q3 2021 to Q1 2023. The study also leverages the data from China to explore the moderating effects of macroeconomic factors such …

The Perfect Storm: Behavioral Finance In The Face Of The Covid-19 Pandemic, Aubrey Bucher, Kirk Silvernail

Undergraduate Research Symposium Lightning Talks

US Stock Market Volatility 2020. Prevalent Behavioral Biases: Loss Aversion, Self-Attribution, Anchoring, Herd Behavior.

Becoming A Father, Staying A Father: An Examination Of The Cumulative Fatherhood Wage Premium To U.S. Residential Fathers, Ohjae Gowen

Research Collection School of Social Sciences

The instability of fathers’ co-residence with children has become an increasingly prevalent experience for U.S. families. Despite long-standing scholarship examining the relationship between fatherhood and wage advantages, few studies have investigated how variation in fathers’ stable co-residence with a child may produce temporal changes in the wage premium over the life course. Building on prior explanations of the fatherhood wage premium, I test if the wage premium grows with time since the birth of a resident child and if the premium depends on fathers’ co-residence with a child. I use marginal structural models with repeated outcome measures and data from …

Exchange Rate Responses And Volatility Spillover Effects During The Covid-19 Pandemic In Indonesia, Panky Tri Febiyansah

Economics and Finance in Indonesia

This paper aims to assess the impact of the confirmed COVID-19 cases, the timing of the outbreak, and physical measures on the returns and spillover effects of exchange rate in Indonesia. The model will be tested by the exponential generalized autoregressive conditional heteroskedastic (EGARCH) process and the spillover volatility index. The study discovers that the confirmed cases, outbreak news, and the implementation of large-scale social restrictions simultaneously contribute to a leverage effect on the volatility of a direct quote of Indonesian Rupiah to Australian Dollar, Euro, US Dollar, Singapore Dollar, and Great British Pound. To a certain extent, the heatwave …

The Effect Of Financial Inclusion On Food Security: Evidence From Developing And Developed Countries, Yasmin Yasmin, Sekar Utami Setiastuti

Economics and Finance in Indonesia

This study investigates the global impact of financial inclusion on food security, with a focus on both developing and developed countries. The study constructs a financial inclusion index using the Sarma method and secondary data sourced from IMF and World Bank databases. System GMM is employed as the estimation method due to its effectiveness in addressing endogeneity issues and its efficient and consistent use of instruments. The analysis reveals that financial inclusion has a positive and statistically significant effect on food security across all research sub-samples. In addition, the study incorporates interaction variables between financial inclusion and the COVID-19 pandemic …

The Depth Of Preferential Trade Agreements, Pao-Li Chang, Wei Jin, Kefang Yao

Research Collection School Of Economics

Preferential trade agreements (PTAs) have increased rapidly in number since the 1990s, and have extended their traditional focus on tariff reduction to include deeper integration in policy areas such as competition policy, intellectual property rights, investments, and movement of capital. This paper uses a comprehensive dataset on the content of PTAs to quantify the impacts of the depth of trade agreements on bilateral trade flows and national welfare across the world for the period 1980–2015. The results indicate that agreements that are deeper (by different definitions) contribute to larger trade growth and welfare gains. Furthermore, the results imply that the …

Monetary Transmission And Government Investment In China, Qian Han, Zhaogang Song, Yufei Yuan, Yuanhang Zhao

Research Collection Lee Kong Chian School Of Business

The quantity measure of money supply—the M2 growth, in particular—has been used as the intermediate target of monetary policy in China since 2000. We document three findings on the transmission of money supply shocks to firm investment and financing over the period from 1998 to 2016. First, positive money supply shocks have significant negative effects on firm investment and do not have consistent impacts on firm financing, contradicting the standard monetary transmission mechanism. Second, using short-term global capital flows as an exogenous money supply factor, we recover the standard positive effect of money supply shocks on firm investment and financing, …

China’S Changing Perspective On The Wto: From Aspiration, Assimilation To Alienation, Henry S. Gao

Research Collection Yong Pung How School Of Law

Since its accession to the WTO twenty years ago, China’s image has shifted from a good student aspiring to assimilate itself into the multilateral trading system to one that is increasingly alienated from key WTO principles. How has China’s perspective on WTO been evolving? What are the reasons behind China’s changing perspective? This chapter addresses these questions from the Chinese perspective with a comprehensive analysis of the key moments in China’s first two decades in the WTO, followed by practical suggestions on how to engage China more constructively in the WTO and beyond.

Dynamic Factor Copula Models With Estimated Cluster Assignments, Dong Hwan Oh, Andrew John Patton

Research Collection School Of Economics

This paper proposes a dynamic multi-factor copula for use in high-dimensional time series applications. A novel feature of our model is that the assignment of individual variables to groups is estimated from the data, rather than being pre-assigned using SIC industry codes, market capitalization ranks, or other ad hoc methods. We adapt the k-means clustering algorithm for use in our application and show that it has excellent finite-sample properties. Applying the new model to returns on 110 US equities, we find around 20 clusters to be optimal. In out-of-sample forecasts, we find that a model with as few as five …

Market For Patents, Monopoly, And Misallocation, Shang-Jin Wei, Jianhuan Xu, Ge Yin, Xiaobo Zhang

Research Collection School Of Economics

The paper studies a possible “dark side” of patent trade in enhancing the market power of monopolists. We explore the different effects of China’s 2008 tax reform on patent innovations and sales across industries. In particular, although easier patent trade leads to more patent creation, the new patents are disproportionately connected to existing monopolists and are more likely to be acquired by them. Using an endogenous growth model with patent trade, we show that subsidizing patent trade could skew investors’ research to appeal to the monopolists, increase the latter’s monopoly power, and reduce social welfare. An optimal subsidy policy for …