Economics Commons^™

Millennials’ Willingness To Payfor Socially Responsible Investmentand Its Institutional And Individual Antecedents – Evidence From Italy, Poland, And Ukraine, Anna Doś, Monika Foltyn-Zarychta, Matteo Pedrini, Iryna Shkura

Journal of Banking and Financial Economics

The readiness to sacrifice profit while making socially responsible investments among millennials, as future investors and managers, was examined. Specifically, a multi-level perspective on willingness to pay for socially responsible investment was assumed to understand how nationality, personal values and investment knowledge affect millennials’ readiness to sacrifice profit to achieve sustainability goals. Using survey data of 521 business students from Italy, Poland and Ukraine, it is showed that a considerable share of millennials prefer social and environmental performance of investment over financial return and that their nationality is the most powerful factor in explaining willingness to pay for socially responsible …

Adoption Of Ict To Support Rural Small-Holder Farmers : A Systematic Review, Abdus Salaam Seat, Shaun Pather

African Conference on Information Systems and Technology

Access to Information and Communication Technologies (ICTs) are slowly becoming more available to rural communities given a number of innovative approaches over recent years such as the implementation of Community Networks (CNs). Consequently, ICTs are able to become more meaningful in support of livelihoods of these communities, such as in agriculture production. Potential benefits to smallholder farmers include increase yields and reduced effort. However, there is very little evidence of smallholder farmers integrating ICTs into their livelihood activity. In this paper a Systematic Literature Review is used to explore the challenges faced in this sector. A total of 83 articles …

Smart Growth Strategies: Mountain West Metros, Issac Hernandez-Alcaraz, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet examines data on smart growth strategies provided by the Brookings Institution’s Smart Growth Tool and includes data on the economic and industry overview of Metropolitan Statistical Areas (MSAs) in five Mountain West states (Arizona, Colorado, Nevada, New Mexico, and Utah). The Smart Growth Tool identifies high-impact economic and workforce development strategies that may help states and MSAs achieve inclusive and sustainable growth.

What Did Adam Smith Mean? The Semantics Of The Opening Key Principles In The Wealth Of Nations, Bart J. Wilson, Gian Marco Farese

ESI Publications

We present a semantic and textual analysis of the first two chapters of the Wealth of Nations to elucidate the meaning of several of Adam Smith’s key ideas. Using the methodology of the Natural Semantic Metalanguage, we produce semantic explications of some of Adam Smith’s fundamental principles of economics phrased in simple and cross-translatable words. The extracts from the original text function as textual evidence and conceptual reference for the explications we present. We demonstrate that: (i) by reducing the principles as conceived by Smith to their core meanings, it is possible to resolve some interpretive ambiguities for general readers …

Grameen Method Of Microfinance As A Poverty-Alleviation Tool: Short And Long-Term Effects On Women’S Empowerment In Egypt, Zeina M. Shalaby

The Undergraduate Research Journal

Many people suffer from poverty globally, and economic tools used to combat it have varied from one country to another with some enacting noticeable change. The topic of micro-credit attracted attention after the Grameen Bank’s microfinance method was recognized for decreasing poverty in rural Bangladesh by granting loans to women almost exclusively. This paper explores the application of the Grameen method of microfinance in Egypt by reviewing the specific conditions surrounding women’s poverty in Egypt and the economic and social outcomes of past Grameen microfinance efforts in Egypt. While the Grameen method of microfinance successfully improved well-being indicators and economic …

From Stimulus To Sustainability: Reckoning With Community Prosperity Post-Arpa, Kathleen Bolter, Timothy J. Bartik, Brad J. Hershbein, Michelle Miller-Adams, Bridget Timmeney, Kyle Huisman, Alfonso Hernandez

Reports

No abstract provided.

Does Non-Financial Information Disclosure Promote Firm's Exports? Evidence From China's Mandatory Csr Reporting Regulation, Xin Chen

Lingnan Theses (MPhil & PhD)

Although prior literature provides evidence on information technology's role in international trade, whether and how a firm's non-financial information disclosure affects export is underexplored. Using China's mandatory Corporate Social Responsibility (CSR) disclosure as a quasi-natural experiment, we find that firms binding to the requirement significantly boost exports compared to their nonreporting peers. To understand the economic mechanisms, we propose that the positive impacts could be exposited through two channels: (1) information transparency and (2) financial constraint. The economic mechanism tests provide suggestive evidence that the effects are more substantial when firms are inferior in information transparency and financial constraint before …

Governance System For Local Governments : Part 2, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Within the political dimension, the provincial governments should devolve the following functions completely to the local governments: one, school education up to matric. Two, primary and secondary health up to district hospitals. Three, water supply, sewerage, solid waste disposal. Four, population planning. Five, sports. Six, mass transit. Seven, roads, bridges within the district limits. Eight, prosecution. Nine, social welfare and community development and, ten, women’s development. All staff up to Grade 16 should be transferred along with their salary and allowances budgets. Future recruitment and promotion etc would be decided by the local governments themselves according to their needs and …

Similarities, Commonalities And Parallels In The Contributions Of Thorstein Veblen And Friedrich Nietzsche, John B. Hall

Economics Faculty Publications and Presentations

This inquiry seeks to establish that similarities, commonalities, and parallels can be identified in selected contributions advanced by Thorstein Veblen and Friedrich Nietzsche. In the main, their commonness is noted to appear in the critical approaches that also includes expressing deep-seated skepticism regarding the course to modernity, singling out institutions ruling society, and especially the economy—in the case of Veblen. Specialized in Philology, as Nietzsche extolls his Dionysian orientation this inquiry introduces the idea that Veblen’s foundation for his distinctly critical approach to ruling institutions also reflects a Dionysian perspective. In Thus Spoke Zarathustra (1883-85) Nietzsche introduces a character whom …

Against The Tide: Indigenous Knowledge And Education For Humanization, Arturo Rodriguez, Kevin Russel Magill

Journal of Multicultural Affairs

Power brokers and their market economies enforce education on a global level. According to the United Nations, the effects of global neoliberal capitalism cause human rights violations in all parts of the world, yet democratic countries scoff at these findings (Pogge, 2002 & 2005). People of the world continue to believe that tying minoritized students to existing structures and ensuring enculturation is the best possible outcome for all involved (Suárez-Orozco & Suárez-Orozco, 2015). That is, minoritized children are educated to ensure first-world countries produce a minimally educated and willing labor force. In this paper we argue the following: 1) power …

Western Australian Regional Development Trust Annual Report 2022-23, West Australian Regional Development Trust

Western Australian Regional Development Trust Annual Reports

The Trust is an independent statutory advisory body to the Minister, established under the Royalties for Regions Act 2009 (Act).

The functions of the Trust are to provide advice and make recommendations to the Minister:

• for the purposes of sections 5(2) and 9(1) of the Act; and
• on any other matter relating to the operation of the Fund that is referred to it by the Minister.

In addition to its monitoring and advisory role, the Trust also works to engage and enhance relationships with key regional stakeholders and influencers to promote greater collaboration and innovation in the delivery of regional …

Striving Toward Bitcoin Price Stability: Second-Layer Money And The Case For Real Bills, Scrip & Notes, Eduardo Blasco, Carlos García De Enterría

Journal of New Finance

Monetary systems comprise various layers of real and financial assets arranged hierarchically. Due to its properties, Bitcoin is a suitable asset to become the base money of a monetary system once its price has stabilized and people see it more like a medium of exchange than an investment. We review Bitcoin’s characteristics and explain their effect on its intra- and inter-temporal liquidity. We argue that Bitcoin will lower its bid-ask spread once users adopt financial assets convertible to Bitcoin. We propose the use of three financial assets working as Bitcoin derivatives to reduce Bitcoin’s demand shocks and lower its volatility: …

The Impact Of Fdi And Financial Depth On Eu Regional Growth: Income And Spatial Heterogeneity, Marialena Petrakou, Randolph Luca Bruno, Nick Phelps

Economic and Business Review

Background and objective: The paper explores the impact of foreign direct investment and financial development on regional growth at the EU regional level for 2005–2017. Both FDI and financial development are important determinants of the regions’ growth, but not for all EU regions homogeneously. Some EU regions seem to benefit more than others, depending on certain characteristics, which implies that FDI attraction policies need to bear in mind not only country specificities, but also regional specificities, hence confirming the need for developing FDI attraction policies at the subnational level: financial development, capacity building, and Investment Promotion Agencies are key, …

Economic Model Of Unipolar World Order: Divestment In Central And Eastern European Countries, Mariia Lavrovna Gorbunova, Igor Dmitrievich Komarov, Tatiana Dmitrievna Komarova

Economic and Business Review

Research relevance: Investment processes are not free from the influence of the political situation and relations between states. The Central and Eastern European countries (CEE) take part in a liberal segment of the global financial system and have a comparatively peripheral position as latecomers to the EU. Due to this fact their economic model is the most consistent with the principles of the liberal world order.

Purpose: The purpose of this paper is to assess and interpret the investment/divestment process in Central and Eastern European countries and comparable financial systems in the political economy and geopolitical framework to consider the …

Macroeconomic Drivers, Governance, And Foreign Direct Investment In Central And Eastern European Countries (Ceecs), Parfait Bihkongnyuy Beri, Gabriel Mhonyera

Economic and Business Review

Background and objective: The transition to market-oriented economies in CEECs entailed significant structural economic and institutional reforms. Over the past years, studies have investigated how these reforms affected foreign direct investment (FDI) inflows. However, the evidence remains debatable and varies across countries. This study provides new insights by considering the impact of macroeconomic factors, governance, and the moderating effect of governance on the macroeconomic drivers–FDI nexus.

Methods: A panel of 12 countries from 1991 to 2020 are analysed within the framework of conventional methods and Seemingly Unrelated Regression (SUR).

Results: Results robustly suggest that gross capital formation, macroeconomic stability, and …

Internationalization And Foreign Direct Divestment Flows In Central And Eastern European Economies, Badar Alam Iqbal, Arti Yadav

Economic and Business Review

No abstract provided.

Governance System For Local Governments – Part 1, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

The devolution of authority to local tiers of government and decentralization can bring in representation of local business and citizens' interests. The visibility of the results achieved by the resources deployed in a specific geographic area maintains pressure on government functionaries. Public-private partnerships. including NGO-public partnerships have proved to be effective tools in fostering good governance.

The Economic Impact Of The Frederik Meijer Gardens & Sculpture Park, Christian Glupker, Paul Isely

Other Faculty Publications

SUMMARY OF ECONOMIC IMPACT

• The total annual economic impact of FMG is $138 million in economic activity, supporting 1,167 jobs, and contributing $77.6 million to Kent County’s GDP.
• The visitor direct spending, operational spending, and capital investment spending generate $353,115 in annual tax revenue for Kent County.
• There were 755,000 visitors to Frederik Meijer Gardens and Sculpture Park (FMG) with 62% of these visitors coming from outside Kent County (nonlocal visitors).
• 50% of the nonlocal visitors were visiting FMG for the first time and 48% of the local visitors visit FMG six or more times a year.
• 40% of all …

An Introduction To Personal Growth Bets: Using Contract Law To Lose Weight And Quit Smoking, Max Raskin, Jack Millman

Notre Dame Journal on Emerging Technologies

Self-improvement is hard. Whether losing weight or quitting smoking, individuals have a difficult time honoring their commitments, especially if the only person they are disappointing is themselves. In this Article, we introduce a new legal mechanism for incentivizing personal growth. We describe this mechanism as a personal growth contract, which allows an individual to make an enforceable agreement with either a counterparty or himself with the aim of self-improvement. We propose the use of smart contracts to help execute unilateral personal growth contracts. Our conclusion is that personal growth contracts should be presumptively legal, provided they do not violate some …

Pervasive Poverty In Puerto Rico: A Closer Look, Carlos Vargas-Ramos, Laura Colon-Melendez, Jorge Soldevilla-Irizarry, Damayra Figueroa-Lazu, Jennifer Hinojosa, Yarimar Bonilla

CUNY Centro, The Center for Puerto Rican Studies

On November 15, 2022, the U.S. House of Representatives Subcommittee on Housing, Community Renewal, and Insurance held a hearing entitled “Persistent Poverty in America: Addressing Chronic Disinvestment in Colonias, the U.S. Territories and the Southern Blackbelt.” Dr. Yarimar Bonilla, then CENTRO’s director, provided testimony concerning Puerto Rico and other U.S. territories. These jurisdictions the subcommittee focused on have historically had high rates of poverty, higher relative to other places in the United States. Puerto Rico’s poverty and overall economic conditions have fluctuated over the decades taking a clear turn for the worse beginning in 2006 with an enduring economic crisis, …

Perceptions Of Well-Being And The Economy In Nonmetropolitan Nebraska, Rebecca J. Vogt, Heather Akin, Cheryl A. Burkhart-Kriesel, Bradley D. Lubben, L. J. Mcelravy, Timothy Meyer, Steven A. Schulz

Nebraska Rural Poll

This year, rural Nebraskans are more pessimistic about their current situation than they’ve been in the past ten years. The proportion believing they are worse off than they were five years ago was 27 percent, up from the 21 percent last year and 11 percent in 2021. This is the highest level since both 2003 and 2009, when 28 percent believed they were worse off. This increase in pessimism was matched with a decrease in optimism. This year, less than onehalf (45%) of rural Nebraskans believe they are better off compared to five years ago, down from 50 percent last …

The Role Of Cross-Cultural Adaptation In The Work Performance Of Chinese Expatriates In Japan, Xinxin Kong

Fordham Dissertations and Theses

The continuous development of the Chinese economy has made "going global" in overseas operations and cross-border collaborations a key internationalization strategy for many Chinese enterprises. Executives working abroad are required to adapt to new cultures and business practices while also addressing challenges such as the lack of international management talents, high employee turnover rates, and suboptimal expatriate performance. In the realm of international human resources selection and talent retention practices, how can decision-makers in multinational enterprises improve expatriate performance? How can they select employees who can better adapt to different cultures, enhance employee loyalty in cross-border situations, and …

Exchange Rate Pass-Through To Headline Consumer Prices In Egypt: Exploring Asymmetric Effects, Ziad Amer

Topics in Middle Eastern and North African Economies

While the exchange rate pass-through to Inflation has been thoroughly investigated in the theoretical and empirical literature, few studies have attempted to investigate the passthrough in Egypt with mixed results. This paper attempts at investigating the exchange rate passthrough to headline consumer prices in Egypt, including potential presence of asymmetric effects of a currency appreciation/depreciation on consumer prices. Nonlinear Autoregressive Distributed Lags methodology is used on quarterly data from 2001 to 2022. The paper's contribution to the literature is threefold: First, this paper utilizes an updated time series from 2001 to 2022. Second, a newly developed quantitative index that captures …

Charting Saudi Arabia's Course To Net Zero Emissions: The Crucial Role Of Energy Efficiency, Fateh Belaïd

Topics in Middle Eastern and North African Economies

The evaluation of the role of energy efficiency in addressing climate change is paramount, given the concerns about the ongoing global warming. This study delves into the impact of energy efficiency on carbon intensity within Saudi Arabia’ decarbonization and examines its potential contributions to the nation's ambitious net-zero emissions target. Analyzing a time series of data from 1971 to 2020 and employing a quantile regression model, our findings underscore the critical significance of energy efficiency in mitigating GHG emissions, emphasizing the necessity of harnessing this tool to expedite the decarbonization process. Notably, the model remains robust, even when accounting for …

A Seat At Whose Table? Analyzing Detroit’S Community Benefit Ordinance As A Tool For Environmental Justice, Sarah Draughn Gargaro

Michigan Journal of Environmental & Administrative Law

The Environmental Protection Agency defines environmental justice as the “just treatment and meaningful involvement” of all people in the decisionmaking that affects the environment and human health. Since the origins of the modern American environmental justice movement in the 1980s, activists have emphasized the importance of self-determination. Environmental justice requires that decision making processes center the voices of the individuals impacted by decisions made about the distributions of environmental assets and harms. There is a significant challenge, however, in designing community engagement practices that meaningfully involve community members. Since the 1990s, community benefits agreements have been heralded as an effective …

The Economic Impact Of Saginaw Bay Bass Fishing Tournaments, Christian Gluker

Other Faculty Publications

The 2023 National Professional Fishing League Tournament and the Major League Fishing Tournament are estimated to have generated or supported economic benefits for Bay County in the following ways:

• The tournaments brought 582 total visitors from 25 states.
• There were 4,141 total visitor days. These visitors spent on average seven to eight days in the Bay City area.
• Direct spending of all visitors was $815,000.
• The total economic impact of all visitors is estimated at $976,000 in economic output supporting 10 jobs.
• Visitors generated approximately $8,187 in additional tax revenue for Bay County.

Treatment For Mental Health And Substance Use: Spillovers To Police Safety, Monica Deza

Center for Policy Research

We study the effect of community access to mental health and substance use treatment on police officer safety, which we proxy with on-duty assaults on officers. Police officers often serve as first-responders to people experiencing mental health and substance use crises, which can place police officers at risk. Combining agency-level data on police officer on-duty assaults and county-level data on the number of treatment centers that offer mental health and substance use care, we estimate two-way fixed-effects regressions and find that an additional four centers per county (the average annual increase observed in our data) leads to a 1.3% reduction …

Covid-19 Has Strengthened The Relationship Between Alcohol Consumption And Domestic Violence, Monica Deza, Aaron Chalfin, Shooshan Danagoulian

Center for Policy Research

A large body of evidence documents a link between alcohol consumption and violence involving intimate partners and close family members. Recent scholarship suggests that since the onset of the COVID-19 pandemic and subsequent stay-at-home orders, there has been a marked increase in domestic violence. This research considers an important mechanism behind the increase in domestic violence during the COVID-19 pandemic: an increase in the riskiness of alcohol consumption. We combine 911 call data with newly available high-resolution microdata on visits to bars and liquor stores in Detroit, MI and find that the strength of the relationship between visits to alcohol …

The Mundlak Spatial Estimator, Badi H. Baltagi

Center for Policy Research

The spatial Mundlak model first considered by Debarsy (2012) is an alternative to fixed effects and random effects estimation for spatial panel data models. Mundlak modelled the correlated random individual effects as a linear combination of the averaged regressors over time plus a random time-invariant error. This paper shows that if spatial correlation is present whether spatial lag or spatial error or both, the standard Mundlak result in panel data does not hold and random effects does not reduce to its fixed effects counterpart. However, using maximum likelihood one can still estimate these spatial Mundlak models and test the correlated …

Essays In Health Economics, Chuxin Liu

Dissertations, Theses, and Capstone Projects

In Chapter 1, I investigate the effect of a financial incentive from the Centers for Medicare and Medicaid Services (CMS) on new medical procedure technology diffusion. I examine how the incentive affects diffusion among Medicare patients, for whom hospitals receive the incentives, and non-Medicare patients for whom there are no incentives. I answer these two questions by studying the New Technology Add-on Payment (NTAP) program offered by Medicare (Part A). It is unknown whether its incentive is enough to encourage diffusion under the prospective payment system and it also remains unknown whether it spills over to non-Medicare patients or crowds …