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Full-Text Articles in Economics

Global Value Chains And The Cptpp, Pao-Li Chang, Tran Bao Phuong Nguyen Dec 2022

Global Value Chains And The Cptpp, Pao-Li Chang, Tran Bao Phuong Nguyen

Research Collection School Of Economics

The CPTPP, or the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, is an example of a ‘mega-regional’ free trade agreement, whose provisions on the rules of origin and trade facilitation can potentially have large impacts on CPTPP-wide supply chains. In this paper, we analyse how intensively the CPTPP members participate in the global value chain (GVC), whether they have stronger linkages with members than with non-members, the position of the members in the global and regional network, and whether the CPTPP members are key upstream and downstream trade partners to each other. We develop formulas of GVC position, and importance …


Working Paper No. 74, Some Influential Effects Of The Typewriter On The American Economy, Bander Qadan Dec 2022

Working Paper No. 74, Some Influential Effects Of The Typewriter On The American Economy, Bander Qadan

Working Papers in Economics

This inquiry seeks to establish that the introduction of the typewriter generated effects upon the American economy by promoting productivity increases, enhancing communications, and improving management. In addition, this inquiry seeks to illustrate how the typewriter affected American businesses by providing efficiency in time management and documents’ production. Furthermore, this inquiry shall showcase how the typewriter affected women’s work in the American economy, especially with respect to inclusivity within the workplace as well as the enhancement of communications. Additionally, this inquiry shall analyze how the development of the QWERTY keyboard and its related “lock-in” generated effects on the American economy.


Asset Pricing With Cohort-Based Trading In Mbs Markets, Nicola Fusari, Wei Li, Haoyang Liu, Zhaogang Song Dec 2022

Asset Pricing With Cohort-Based Trading In Mbs Markets, Nicola Fusari, Wei Li, Haoyang Liu, Zhaogang Song

Research Collection Lee Kong Chian School Of Business

Agency mortgage-backed securities (MBSs) with diverse characteristics are traded in parallel through individualized specified pool (SP) contracts and standardized to-be-announced (TBA) contracts with delivery flexibility. This parallel trading environment generates distinctive effects on MBS pricing and trading: (i) Although cheapest-to-deliver (CTD) issues are present in TBA trading and absent from SP trading by design, MBS heterogeneity associated with CTD discounts affects SP yields positively, with the effect stronger for lower-value SPs; (ii) high selling pressure amplifies the effects of MBS heterogeneity on SP yields; and (iii) greater MBS heterogeneity dampens SP and TBA trading activities but increases their ratio.


Better-Than-Chance Prediction Of Cooperative Behaviour From First And Second Impressions, Eric Schniter, Timothy W. Shields Dec 2022

Better-Than-Chance Prediction Of Cooperative Behaviour From First And Second Impressions, Eric Schniter, Timothy W. Shields

ESI Working Papers

Could cooperation among strangers be facilitated by adaptations that use sparse information to accurately predict cooperative behaviour? We hypothesize that predictions are influenced by beliefs, descriptions, appearance, and behavioural history available for first and second impressions. We also hypothesize that predictions improve when more information is available. We conducted a two-part study. First, we recorded thin-slice videos of university students just before their choices in a repeated Prisoner’s Dilemma with matched partners. Second, a worldwide sample of raters evaluated each player using either videos, photos, only gender labels, or neither images nor labels. Raters guessed players’ first-round Prisoner’s Dilemma choices …


Three Essays On Financial Economics, Megersa Daksa Dec 2022

Three Essays On Financial Economics, Megersa Daksa

Dissertations

This study presents three essays on financial economics. In the first essay, we examine how monetary policy shocks affect risk aversion and uncertainty, as well as how risk aversion and uncertainty spread across financial markets. Although a recent study shows that monetary policy influences risk aversion and uncertainty in global stock markets, there are no studies on risk aversion and uncertainty spillover across stock, currency, and commodity markets. Following the method of Bekaert et al. (2013), we decompose the implied volatility indexes (VIX's) for the SP500, U.S. exchange rate, gold and crude oil into risk aversion and uncertainty. The decomposition …


The Strategy Of Metallgesellschaft: A Sophisticated Catallactic Analysis, Janette Goodridge Dec 2022

The Strategy Of Metallgesellschaft: A Sophisticated Catallactic Analysis, Janette Goodridge

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

In the fall of 1993, German company Metallgesellschaft, Ag experienced a loss of over one billion dollars. This loss resulted from its hedging strategy, and was one of the largest losses of its kind at the time. Naturally this raised interest regarding what caused these huge losses, and called into question the events and circumstances surrounding and leading up to this disaster. There are two basic schools of thought regarding Metallgesellschaft's strategy. The first is that it was a good strategy and had the potential to be successful and profitable. The other is that its strategy was risky and speculative. …


Identifying Knowledge Spillovers From Universities: Quasi-Experimental Evidence From Urban China, Li Jing, Shimeng Liu, Yifan Wu Dec 2022

Identifying Knowledge Spillovers From Universities: Quasi-Experimental Evidence From Urban China, Li Jing, Shimeng Liu, Yifan Wu

Research Collection School Of Economics

This paper studies the impact of universities on local innovation activity by exploiting a unique university expansion policy in China as a quasi-experiment. We take a geographic approach, empowered by geocoded data on patents and new products at the address level, to identify knowledge spillovers as an important channel. We obtain three main findings. First, university expansion significantly increases universities’ own innovation capacity, which results in a dramatic boom of local industry patents. Second, the impact of university expansion on local innovation activities attenuates sharply within 2 kilometers of the universities. Third, university expansion boosts nearby firms’ new products and …


Learning From Manipulable Signals, Mehmet Ekmekci, Leandrro Gorno, Lucas Maestri, Jian Sun, Dong Wei Dec 2022

Learning From Manipulable Signals, Mehmet Ekmekci, Leandrro Gorno, Lucas Maestri, Jian Sun, Dong Wei

Research Collection Lee Kong Chian School Of Business

We study a dynamic stopping game between a principal and an agent. The agent is privately informed about his type. The principal learns about the agent’s type from a noisy performance measure, which can be manipulated by the agent via a costly and hidden action. We fully characterize the unique Markov equilibrium of this game. We find that terminations/ market crashes are often preceded by a spike in (expected) performance. Our model also predicts that, due to endogenous signal manipulation, too much transparency can inhibit learning. As the players get arbitrarily patient, the principal elicits no useful information from the …


Associations Of The Covid-19 Pandemic With Older Individuals' Healthcare Utilization And Self-Reported Health Status: A Longitudinal Analysis From Singapore, Sangnam Ahn, Seonghoon Kim, Kanghyock Koh Dec 2022

Associations Of The Covid-19 Pandemic With Older Individuals' Healthcare Utilization And Self-Reported Health Status: A Longitudinal Analysis From Singapore, Sangnam Ahn, Seonghoon Kim, Kanghyock Koh

Research Collection School Of Economics

Background: The COVID–19 pandemic has challenged the capacity of healthcare systems around the world and can potentially compromise healthcare utilization and health outcomes among non-COVID–19 patients. Objectives: To examine the associations of the COVID-19 pandemic with healthcare utilization, out-of-pocket medical costs, and perceived health among middle-aged and older individuals in Singapore. Method: Utilizing data collected from a monthly panel survey, a difference-in-differences approach was used to characterize monthly changes of healthcare use and spending and estimate the probability of being diagnosed with a chronic condition and self-reported health status before and during the COVID-19 outbreak in 2020. Subjects: Data were …


Development Of The Payment Systems: An Economic Need Or A Technological Deed, Heba Mekawy Nov 2022

Development Of The Payment Systems: An Economic Need Or A Technological Deed, Heba Mekawy

Future Journal of Social Science

This paper is mainly concerned with showing most of the economic aspects related to both banking transactions, payments, and eventually the payment systems and their development. The economic aspects are discussed on both the macroeconomic and the microeconomic one as well. The discussion in the paper also covers the economic implications of the payment systems and the economic rationale behind their development. The paper has concluded that the economic need of the financial market is the main driver behind the development of payment systems. They also serve as outcomes concerning the well-functioning of the financial market. Thus, the technological development …


Assessing The Factors That Determine Renewable Electricity Consumption In The United States: Using Ardl Approach, Hind Alnafisah Nov 2022

Assessing The Factors That Determine Renewable Electricity Consumption In The United States: Using Ardl Approach, Hind Alnafisah

Future Journal of Social Science

Panel cointegration estimates are utilized for four groups of consumers of renewable electricity—residential, commercial, transportation, and industrial—from 1985 to 2020. The paper study uses panel cointegration for long and short-run effects using panel autoregressive distribution lag (ARDL) with several causality tests. This research finds that in the long run, tax credit, gross domestic product, and CO2 emission elasticities affect residential renewable energy consumption positively. Furthermore, natural gas affects the consumption of renewable energy negatively. The findings have social impacts which are that the consumption of renewable energy significantly emphasizes the global warming and energy security phenomena. The federal government of …


Proposed Alternatives To Decrease Private Tutoring In Egyptian Pre-University Education, Fatemah Abdel-Razek Nov 2022

Proposed Alternatives To Decrease Private Tutoring In Egyptian Pre-University Education, Fatemah Abdel-Razek

Future Journal of Social Science

Private tutoring continues to exist in Egypt, even though it has been officially banned by the 2016 ministerial decree No. 53 and the 2018 ministerial decree No. 714. The current research reviews the relevant literature, provides a background on private tutoring, analyzes the current policy for dealing with private tutoring in Egypt, and it proposes three policy alternatives for decreasing private tutoring in Egyptian pre-university education. These alternatives are turning most educational curricula into educational games, lengthening the school day, and returning extra-curricular activities to Egyptian schools. These policy options are evaluated based on the criteria of equity and fairness, …


The Impact Of Ethnic Groups On National Security, Seham Fawzi Nov 2022

The Impact Of Ethnic Groups On National Security, Seham Fawzi

Future Journal of Social Science

Ethnic diversity in and of itself does not negatively affect national security. The threat it imposes to national security is a result of many factors combined with political opportunity that fundamental changes occurring in the political system exploited by ethnic and sectarian groups trying to change the political system to their advantage. Many factors such as political, historical, economic, social, cultural, environmental, and psychological factors may lead ethnic groups to rebel and impose threats to the national states of any country especially developing countries.


The Effect Of The Syrian Crisis On The Profitability Of The Country's Private Banking Sector, Osama Alyousef Nov 2022

The Effect Of The Syrian Crisis On The Profitability Of The Country's Private Banking Sector, Osama Alyousef

BAU Journal - Creative Sustainable Development

This research analyses the effect of the Syrian crisis on the profitability of local private banks during the period from 2011 to 2018 using fixed effects estimator on panel data. The research studies all of the 14 Syrian private banks and includes bank-specific variables calculated from the published quarterly and annual reports of all the banks, as well as a variable for the Syrian crisis measured by the following macro-economic factors: the number of crisis-related casualties, the number of Syrians who fled the country as refugees or asylum seekers, and the Syrian Pound exchange rate against U.S. Dollar during the …


Nebraska Monthly Economic Indicators: November 30, 2022, Eric Thompson Nov 2022

Nebraska Monthly Economic Indicators: November 30, 2022, Eric Thompson

Leading Economic Indicator Reports

The LEI-N fell by 0.12% in October 2022. The leading indicator, which is designed to predict economic growth six months in the future, has fallen in four of the last six months. Such a decline signals a stagnant economy in Nebraska at the beginning of 2023. Four components of the leading indicator worsened during October. There was an increase in initial claims for unemployment insurance, signaling some softening of the Nebraska labor market. There was also an increase in the value of the U.S. Dollar in October. A rising dollar creates challenges for Nebraska businesses that compete in international markets. …


How Do Broad Non-Disclosure Agreements Affect Labor Markets?, Jason Sockin, Aaron Sojourner, Evan Starr Nov 2022

How Do Broad Non-Disclosure Agreements Affect Labor Markets?, Jason Sockin, Aaron Sojourner, Evan Starr

Upjohn Institute Policy and Research Briefs

No abstract provided.


Effective Community Development In Informal Settlements Through Analysis Of The Kibera Slum In Kenya, Chloe Powell Nov 2022

Effective Community Development In Informal Settlements Through Analysis Of The Kibera Slum In Kenya, Chloe Powell

Undergraduate Theses

Many people have a heart for those living in poverty, but very few have a mind for how to fight poverty well, according to Harvard University Professor Michael Fairbanks. The Kibera slums in Kenya is no exception to the plethora of challenges informal settlements face concerning development, including a lack of security of tenure, corruption, an unhealthy business environment, and a lack of jobs. Kibera has been the subject of numerous studies and development efforts throughout the years and has faced a long history of failed government interventions. In 2020, Kenya received almost $4 billion from the U.S. in official …


Contingent Payments In Procurement Interactions - Experimental Evidence, Matthew J. Walker, Jason Shachat, Lijia Wei Nov 2022

Contingent Payments In Procurement Interactions - Experimental Evidence, Matthew J. Walker, Jason Shachat, Lijia Wei

ESI Working Papers

A primary objective of creating competition among suppliers is the procurement of higher quality goods and services at lower prices. When procuring non-standard goods, it is often difficult to write a complete specification of desired quality in the contract. Thus, payments to suppliers cannot be perfectly conditioned on the quality provided. We propose a correlated contingent payment contract to mitigate the supplier moral hazard problem while retaining competitive supplier selection based on price. We treat the probability of implementing contingent payments as probabilistic. The selected supplier’s payment is, according to a fixed probability, either the amount of their bid or …


Are Retirement Planning Tools Substitutes Or Complements To Financial Capability?, Gopi Shah Goda, Matthew R. Levy, Colleen Flaherty Manchester, Aaron Sojourner, Joshua Tasoff, Jiusi Xiao Nov 2022

Are Retirement Planning Tools Substitutes Or Complements To Financial Capability?, Gopi Shah Goda, Matthew R. Levy, Colleen Flaherty Manchester, Aaron Sojourner, Joshua Tasoff, Jiusi Xiao

Upjohn Institute Working Papers

We conduct a randomized controlled trial to understand how a web-based retirement saving calculator affects workers’ retirement-savings decisions. In both conditions, the calculator projects workers’ retirement income goals. In the treatment condition, it also projects retirement income based on defined-contribution savings, prominently displays the gap between projected goal and actual retirement income, and allows users to interactively explore how alternative, future contribution choices would affect the gap. The treatment increased average annual retirement contributions by $174 (2.3 percent). However, effects were larger for those with greater financial knowledge, suggesting this type of tool complements, rather than substitutes for, underlying financial …


A Review And Critique Of The Harrod-Domar Aggregate Growth Model, Chris C. Le Bourgeois Nov 2022

A Review And Critique Of The Harrod-Domar Aggregate Growth Model, Chris C. Le Bourgeois

Augsburg Honors Review

The purpose of this paper will be three-fold: first, to review the Harrod-Domar "Long-Run Aggregate Growth Model," second, to examine the importance of investment in human beings, and third, to critique the Harrod-Domar model.


Data Supplement To 'H. Keith Hunt On Consumer Behavior: Understanding His Contribution', Laura Egan, David Aron Nov 2022

Data Supplement To 'H. Keith Hunt On Consumer Behavior: Understanding His Contribution', Laura Egan, David Aron

Datasets

Includes the data, data collection procedures, and data notes for the bibliometric analysis components of "H. Keith Hunt on Consumer Behavior: Understanding His Contribution.” The study uses an ego-centered bibliometric analysis method developed by Howard White to examine the impact of H. Keith Hunt on the field of consumer behavior. Ego-centered analysis is based on social network analysis where the social network modes are the citation identity, citation image, citation image-makers, and co-authors of an author studied. The data files address each of these aspects and the top consumer behavior journals used for the citation image portion of the data …


Long-Term Care In The United States: History, Financing, And Directions For Reform, George A. (Sandy) Mackenzie Nov 2022

Long-Term Care In The United States: History, Financing, And Directions For Reform, George A. (Sandy) Mackenzie

Upjohn Press

This book is a concise survey of the development of U.S. long-term care and its financing, with comparisons with other rich countries. It also includes a brief comparative account of the impact of the COVID-19 pandemic in the United States and several other countries. The study finds much that is amiss with American long-term care and proposes three sets of progressively more ambitious reforms.


The Future Of Our Economy - Part I, Ishrat Husain Dr. Nov 2022

The Future Of Our Economy - Part I, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

The future of any economy is closely linked with its present and the past. Pakistan’s economic past has gone through different phases with impressive growth and poverty reduction in the 1960s, 1980s, 2000-2007 and 2014-16, and 2020-22. The immediate precarious situation where both consumer and business confidence are at the lowest ebb, international ratings and market sentiment are negative and foreign exchange constraints are binding, if projected into the future and discounting the past, may result in an extremely dismal outlook. Should the present assumptions be carried forward as they are? Would these circumstances – both external and internal – …


Teacher Salaries In The Mountain West, 2019 - 2021, Corryn Richardson, Joshua Padilla, Hira Ahmed, Zachary Billot, Caitlin J. Saladino, William E. Brown Jr. Nov 2022

Teacher Salaries In The Mountain West, 2019 - 2021, Corryn Richardson, Joshua Padilla, Hira Ahmed, Zachary Billot, Caitlin J. Saladino, William E. Brown Jr.

K-12 Education

This fact sheet examines state-level data of teacher salary benchmarks from the National Education Association, a labor union representing public school teachers and other education faculty in the U.S. Data are presented on average teacher salaries, average teacher starting salaries, and teacher pay penalties in the Mountain West (Arizona, Colorado, Nevada, New Mexico, and Utah).


What Happens To Residents Evicted Under California’S Ellis Act?, Brian J. Asquith Nov 2022

What Happens To Residents Evicted Under California’S Ellis Act?, Brian J. Asquith

Upjohn Institute Policy and Research Briefs

No abstract provided.


Strengthening The Southern Nevada Workforce Pipeline, Katie M. Gilbertson Nov 2022

Strengthening The Southern Nevada Workforce Pipeline, Katie M. Gilbertson

Policy Briefs and Reports

This report analyzes the Southern Nevada employment ecosystem by utilizing occupational clusters recognized by the U.S. Department of Labor. The first section examines occupations in the tourism industry using three occupational clusters: hospitality and leisure; arts, audio/video technology and communications; and the transportation, distribution, and logistics. Next, this report utilizes the Las Vegas Global Economic Alliance’s 2022 Workforce Blueprint to identify the top 15 in-demand occupations for Southern Nevada and occupational clusters. A case study of the MGM College Opportunity Program (COP) is presented to demonstrate an existing workforce training program that promotes upward mobility of leisure and hospitality employees …


The Effects Of An Ellis Act Eviction On Neighborhood Socioeconomic Status, Brian J. Asquith Nov 2022

The Effects Of An Ellis Act Eviction On Neighborhood Socioeconomic Status, Brian J. Asquith

Upjohn Institute Working Papers

Rent-control advocates argue that its strongest feature is offering tenants strong protections from economic displacement. Nonetheless, rent control may have negative effects on tenants, as previous research has shown that these tenants have longer commutes and higher unemployment rates because they are incentivized to stay in place even after their location is no longer optimal. I study what happens to tenants when they are displaced from their rent-controlled apartments by exploiting a California law called the Ellis Act that allows landlords in Los Angeles and San Francisco to evict tenants even if they are lease-compliant, under the condition that all …


Research On The Strategy Of China-Myanmar-Indian Ocean New Channel—Application Of Double Helix Methodology In Think Tanks To Planning Cross-Border Multimodal Transportation Of Ocean Shipping, Highway And Railway, Dawei Song, Lu Zhao, Xi Shen, Feng Zhang, Guanghui Wang, Changxin Liu, Yongbin Zhu Nov 2022

Research On The Strategy Of China-Myanmar-Indian Ocean New Channel—Application Of Double Helix Methodology In Think Tanks To Planning Cross-Border Multimodal Transportation Of Ocean Shipping, Highway And Railway, Dawei Song, Lu Zhao, Xi Shen, Feng Zhang, Guanghui Wang, Changxin Liu, Yongbin Zhu

Bulletin of Chinese Academy of Sciences (Chinese Version)

The construction of China-Myanmar-Indian Ocean New Channel is of far-reaching significance for adapting to the reconstruction of the global industrial chain and supply chain, building a new development pattern of domestic and international double circulation, and effectively breaking the "Malacca Dilemma". The research group of Institutes of Science and Development in Chinese Academy of Sciences systematically carried out the research on the strategy of China-Myanmar-Indian Ocean New Channel construction based on the logical vision of the double helix methodology in think tanks, and creatively proposed the strategic layout of the "double Y" China-Myanmar-Indian Ocean New Channel. The research group further …


The Limits Of Financial Equity: The Federal Reserve, The Depression Of 1921, And The End Of Wilsonian Progressivism, Terril Hebert Nov 2022

The Limits Of Financial Equity: The Federal Reserve, The Depression Of 1921, And The End Of Wilsonian Progressivism, Terril Hebert

LSU Master's Theses

The Limits of Financial Equity: The Federal Reserve, the Depression of 1921, and the End of Wilsonian Progressivism is an examination of monetary policy and centralized macroeconomic planning in the American economy during the inflationary spiral of the 1910s that culminated in the Depression of 1921. Put forward for consideration is the successful populist campaign for agricultural credit equity by the burgeoning Federal Reserve System; set against a backdrop of intentional inflation, world and domestic citizens competed against as the price and supply chain distortions perpetuated by the policing of American commerce by the Food Administration, A. Mitchell Palmer’s Department …


Sindh: Floods And Rural Economy ‐ Part Iii, Ishrat Husain Dr. Nov 2022

Sindh: Floods And Rural Economy ‐ Part Iii, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

What needs to be done? One of the main reasons for the flooding due to torrential rains this time around rather – than the river levels rising –was that the national waterways have been encroached, the capacity of drainage system such as LBOD was limited and outlets to traditional drains leading to the sea were not functional, desilting of canals had not taken place and repair and maintenance of bund embankments were neglected. A World Bank-SIDA study of 2013 had identified projects to be executed for an integrated drainage system. The works worth Rs42 billion have been delayed for the …