Economics Commons^™

The Sec’S Climate Disclosure Rule: Critiquing The Critics, George S. Georgiev

Faculty Articles

Climate change is an existential phenomenon, which entails a wide variety of physical risks as well as sizeable but underappreciated economic risks. In March 2022, the U.S. Securities and Exchange Commission (SEC) moved to address some of the information gaps related to the effects of climate change on firms by proposing a rule that requires public companies to report detailed and standardized information about important climate-related matters for the benefit of investors and markets. Though the rule proposal was welcomed by many market participants, it was also met with a level of opposition that was unusual in both its intensity …

Equality Offshore, Martin W. Sybblis

Faculty Articles

Global governance architecture, crafted by wealthy nations, has perpetuated the subordination of developing jurisdictions. The Article offers a novel and surprising analysis of governance tools used by wealthy countries and inter-governmental organizations to constrain offshore financial centers (OFCs) by focusing on the tools’ disparate impacts on tax havens whose populations comprise predominantly Black and Brown people. With tax haven issues garnering increasing attention, this Article provides a pathbreaking conceptual framework for examining the international tax, crime, and business discourse on OFCs. It also illuminates how the actions of powerful international actors, such as the Organization for Economic Cooperation and Development …

ความสัมพันธ์ระหว่างพฤติกรรมการสูบบุหรี่กับการดื่มเครื่องดื่มแอลกอฮอล์ของประชากรไทย, ทัตพงศ์ รัตนอรุณ

Chulalongkorn University Theses and Dissertations (Chula ETD)

วิทยานิพนธ์ฉบับนี้มีจุดมุ่งหมายเพื่อศึกษาความสัมพันธ์ระหว่างพฤติกรรมการสูบบุหรี่และการดื่มเครื่องดื่มแอลกอฮอล์ในประเทศไทย โดยใช้กลุ่มตัวอย่างจากการสำรวจพฤติกรรมการสูบบุหรี่และการดื่มสุราของประชากร พ.ศ. 2560 ที่ตอบสัมภาษณ์ข้อมูลพื้นฐานทางด้านประชากร ข้อมูลรายละเอียดเกี่ยวกับพฤติกรรมการสูบบุหรี่ และข้อมูลเกี่ยวกับพฤติกรรมการดื่มสุราหรือเครื่องดื่มที่มีแอลกอฮอล์ ซึ่งจัดเก็บและสำรวจโดยสำนักงานสถิติแห่งชาติ จำนวนทั้งสิ้น 89,154 ตัวอย่าง มาวิเคราะห์ด้วยแบบจำลองทางเศรษฐมิติ Bivariate Probit Model โดยกำหนดให้ ตัวแปรอัตราส่วนจำนวนนักดื่มรายจังหวัด ตัวแปรดัชนีราคาเครื่องดื่มแอลกอฮอล์รายจังหวัด และตัวแปรอัตราส่วนจำนวนการเกิดความรุนแรงในครัวเรือนรายจังหวัดเป็นตัวแปรเครื่องมือ (Instrumental Variables) ของพฤติกรรมการดื่มเครื่องดื่มแอลกอฮอล์เพื่อบรรเทาปัญหา Endogeneity Bias ที่เกิดขึ้น ผลการศึกษาพบว่าคนที่เป็นนักดื่มในปัจจุบันจะทำให้มีโอกาสในการเป็นผู้ที่สูบบุหรี่ในปัจจุบันด้วยสูงขึ้นอย่างมีนัยสำคัญทางสถิติ กล่าวคือคนที่มีพฤติกรรมการดื่มเครื่องดื่มแอลกอฮอล์จะทำให้มีโอกาสในการมีพฤติกรรมการสูบบุหรี่ร่วมด้วย และนอกจากนี้ ผลการศึกษายังพบว่ามีปัจจัยที่ส่งผลต่อการมีพฤติกรรมการสูบบุหรี่ ได้แก่ เพศ, ภูมิภาคที่อาศัย, อายุ, ระดับการศึกษา, สถานภาพสมรส, สถานภาพการทำงาน, ราคาผลิตภัณฑ์ยาสูบโดยเปรียบเทียบ และรายได้โดยเฉลี่ยต่อเดือน ซึ่งจากผลการศึกษาที่กล่าวมานั้น สะท้อนให้เห็นว่าการมีพฤติกรรมการดื่มเครื่องดื่มแอลกอฮอล์ที่แตกต่างกันทำให้มีพฤติกรรมการสูบบุหรี่ที่แตกต่างกันเช่นกัน รวมถึงยังชี้ให้เห็นถึงลักษณะการเป็นสินค้าที่ใช้ประกอบกันระหว่างบุหรี่และเครื่องดื่มแอลกอฮอล์อีกด้วย

Redesigning Price Setting Under The Universal Health Insurance In Egypt / إعادة تصميم التسعير في ظل التأمين الصحي الشامل في مصر, Ahmed El Agamy, Hebatalla Ahmed Ismail, Hend Hassan, Reem Gouda, Samah El Sayed

Papers, Posters, and Presentations

Since the Sustainable Development Goals were adopted by the United Nations Development Programme, Universal Health coverage became the main target for many nations. One of the main challenges facing the governments to achieve universal health coverage is maintaining adequate policies to set fair pricing for the healthcare services. Each country has different strategies to apply fair pricing and this paper is discussing the current pricing methods in Egypt and suggesting three policies to tackle its challenges.

The Effect Of Technological Advancements On Interactions In The Agricultural Commodities Market, Savannah B. Armas

Honors Undergraduate Theses

The objective of this research is to find, if and how, real and financial technological advancements influence interactions in the agricultural commodities market. Statistical testing was conducted to identify potential correlation and any positive linear relationships in the price data between agricultural commodities and their complementary agricultural chemical producers. Testing if higher trade volumes in this industry result from higher technology usage were initiated by identifying shared linear growth between general index volumes and agricultural commodities, alongside their chemical complement stock volumes. The scientific development of chemical engineering mirrors financial technologies influencing trader behavior as a significant contributor to agricultural …

Effects Of Conservation Management Practices On Soil Health And Crop Yields In Eastern South Dakota, Alex Mclain

Electronic Theses and Dissertations

Conservation management practice adoption on agricultural land has increased in recent years due to increasing public and private investment. The anticipated impact of increasing conservation management practice adoption are reduced greenhouse gas emissions and improved soil, water, and air quality. Understanding how these conservation management practices affect agricultural producers economically is vital to properly incentivize these practices. The existing literature on how conservation management practices affect soil health and crop yields is mixed and generally has been conducted on experimental research stations. These studies may not fully account for the on-farm effects of conservation management practices. The objectives of this …

Save To Win: Using Contests To Promote Savings, Bryan Mccannon, Zachary Rodriguez, Roman Sheremeta

Faculty & Staff Scholarship

We ask whether linking savings accounts to contests can promote saving. We do this by offering contest-linked accounts to individuals in rural Uganda where poverty is a serious problem. Our design builds off of results in experimental economics documenting excessive competitiveness in contests, with the goal of harnessing this behavior for the good. We find that, properly designed, we encourage savings beyond both pre-treatment levels and the control group. We explore reasonable heterogeneous treatment effects and document long lasting impacts on wealth.

Does Recreational Marijuana Dispensing Induce Substitution For Alcohol?, Aubrey E. Mange

Economics Masters Project Research Papers

I exploit geographic and temporal variation in recreational marijuana dispensing to estimate its effect on alcohol related prices and mortalities. I interpret the finding of a casual reduction in alcoholic poisonings as evidence for a substitutive relationship, contributing to a growing marijuana policy literature and the divided economic literature exploring substitution between the two goods.

Towards A Better Understanding Of The Development Of Collaborative Consumption Pricing, Funda Sarican

2022

With the rise of social platforms, consumers started creating value by sharing human and physical resources. As a result, there has been an increase in collaborative consumption. My papers focus on the peer-to-peer travel accommodation service Airbnb, a popular online market for short-term housing rentals.

In paper one, an integrated framework for collaborative consumption pricing is developed by adopting the hedonic demand theory and leveraging the multilevel modeling method that accounts for various factors from nested data. This paper contributes to the research literature by extending the usage of multilevel modeling across cities to consider city effects and broadening the …

Health And Healthcare In The Financial Reporting And Audit Environments, Landi Morris

2022

This dissertation is comprised of three papers that integrate analyses of health, health crises, and healthcare entities in the financial reporting and audit processes. The first paper considers how physical health influences audit outcomes via auditors’ cognitive processing. The second paper considers a global health disruption that impacts the audit process. In the third paper, I examine financial and tax reporting of hospital entities. I describe each paper in further detail below.

The first paper, co-authored with Rani Hoitash, examines whether influenza (flu), a potential threat to the conduct of public company audits, is associated with audit outcomes. Because the …

Three Papers On Sell-Side Financial Analysts, Zheng Liu

2022

This first paper (co-authored) tests the effect of Markets in Financial Instruments Directive II (MiFID II), which entered into force on 3 January 2018, on European-based sell-side financial analysts. We find that MiFID II, in part, unbundles brokers’ execution and research services. We assess the effectiveness of MiFID II in unbundling and find that the trading volume generated by the brokers that issued recommendation revisions declined significantly after the enactment of MiFID II. Further, in addition to a smaller price reaction to EU broker analysts’ recommendation revisions in the post period than in the pre period, these broker analysts appear …

The Impacts Of Public Policies On Health-Related Outcomes, Yaxiang Song

Theses and Dissertations--Economics

This dissertation consists of three chapters that study how public policies affect health-related outcomes in China. The first two papers examine the impacts of the country’s Critical Illness Insurance program on health-related outcomes. The third paper studies the effects of maternal education on children’s early childhood health outcomes and cognitive skills.

The first chapter evaluates the impact of a recent social health insurance benefits expansion program on middle-aged and elderly individuals. In 2012, China launched a Critical Illness Insurance (CII) program, which aimed to reduce out-of-pocket costs for individuals covered by the government’s health insurance programs. This chapter utilizes the …

Three Essays On The Economic Implications Of Oil Shocks, Ryan Hanson

Theses and Dissertations--Economics

My dissertation consists of three papers on the response of various economic indicators to crude oil shocks. In the first paper, I investigate the Western Australian gasoline market for asymmetric responses in gasoline prices to changes in input costs, otherwise known as the rockets and feathers hypothesis. This theory states that after a positive cost shock, firms will swiftly increase their retail prices to consumers; after a decrease in input costs, however, they take longer to adjust and lower prices. Using daily, establishment level data, I estimate a multi-stage error correction model and find evidence of asymmetric price adjustment in …

Essays On Immigration Policy, Andres Felipe Mira

Theses and Dissertations--Economics

Considerable interest has been placed on the subject of what to do with the sizable undocumented population currently residing in the United States. Having a full understanding of the size of this population and the impact immigration policy has on them is of critical importance to policy makers. Data limitations in nationally-representative surveys have limited the analyzes of the effects of immigration policy in the academic literature. As such, this dissertation consists of three essays contributing to the literature on the impact of immigration policy and on identifying unobserved populations.

In my first essay, I examine the labor market response …

Evaluating The Impact Of Off-Farm Decisions On Federal Government Program Utilization And Financial Success For Missouri's Beginning Farmers, Lyndsey Ann Parker

Graduate Theses/Dissertations

Farmers and ranchers will have to increase production by approximately 70% by the year 2050 according to the American Farm Bureau Federation (2017). People in the agriculture industry face several challenges from start-up costs to limited land availability (Ahearn, 2011). There are federal and state government programs available to assist with some of these challenges but bring their own hardships as well. This study measures off-farm decisions that affect financial performance and utilization of government programs for Missouri’s farmers and ranchers. Three types of financial performance of Missouri farms are prioritized in this study, liquidity (current ratio), solvency (debt-to-asset ratio), …

A Pilot Randomized Trial To Assess Motivating Operations In Delay Discounting Of Food, Breeanna Michelle Slusher

Graduate Theses/Dissertations

This pilot study addresses the impact motivating operations have on delay discounting of food in the presence of real food. Six participants were recruited and randomly assigned to three food stimuli groups (donut, vegetable, and control) and assigned to either a deprivation or non-deprivation condition within the group. Participants were asked to complete a set of questionnaires and a delay discounting task. Demographics and anthropometric measurements were obtained from each participant. The pilot study showed support for previous delay discounting research that as the delay to more nutrient dense meals increases the subjective value of the delayed reward decreases. Thus, …

The Predictive Ability Of Stock Market Factors, Fatma Ahmed, Mohammed Elgammal Elgammal, David Gordon Mcmillan

Economics

Purpose – This paper aims to ask whether a range of stock market factors contain information that is useful to investors by generating a trading rule based on one-step-ahead forecasts from rolling and recursive regressions. Design/methodology/approach – Using USA data across 3,256 firms, the authors estimate stock returns on a range of factors using both fixed-effects panel and individual regressions. The authors use rolling and recursive approaches to generate time-varying coefficients. Subsequently, the authors generate one-step-ahead forecasts for expected returns, simulate a trading strategy and compare its performance with realised returns. Findings – Results from the panel and individual firm …

Technology-Intensive Exports, R&D, Human Capital, And Economic Growth In The Twenty-First Century, Pierce Plucker

Electronic Theses and Dissertations

This thesis investigates twenty-first century economic growth through a distanceto- frontier (technology-gap) lens where growth in a country’s knowledge stock is determined by knowledge creation and knowledge imitation. The creation term is assumed to be a function of research and development, technology-intensive export performance, and human capital, while the imitation term is a function of the technology gap, technology-intensive export performance, and human capital. Over the period 1997-2018, two samples of countries are analyzed in a panel setting, and two growth models are estimated in total—one for each sample. While research and development has been extensively analyzed in the economic …

Ceo Types And Firm Efficiency, Lok Chi Lam

Electronic Theses and Dissertations

This paper investigates the connection between CEO types and firm efficiency. I utilize the general ability index (GAI) as a proxy to examine and separate CEO types: generalist CEOs and specialist CEOs. Initially, I applied the pooled ordinary least square (OLS) and fixed effect regression on 26,830 firm-year observations to explore the GAI effect on firm efficiency. The finding shows that GAI has a negative impact on firm efficiency. It indicates that CEOs with lower GAI are better at improving firm efficiency; for instance, specialist CEOs are preferable to generalist CEOs. Further analysis of CEO types using the quadrant method …

Carbon Emissions, Abatement, And Natural Disasters: Politics And Social Institutions, Ritika Khurana

Graduate Theses, Dissertations, and Problem Reports (ETD)

This dissertation empirically examines three issues related to renewable energy and international development: 1) The Political Economy of Solar Initiatives in the Sunshine State; 2) Climate Change, Natural disasters, and Institutional Integrity; and 3) Institutional Integrity and Carbon emissions.

In Chapter 2, I empirically examine the outcomes of two solar energy amendments that were on the ballot in Florida in 2016. One amendment exempts solar energy devices from ad valorem taxation of real estate property, effectively decreasing the cost of solar energy for those who adopt solar photovoltaic panels. The other amendment reaffirms the right of property owners to install …

The U.S. Coal Industry: Market Structure & Implications, Sara Elizabeth Guffey

Graduate Theses, Dissertations, and Problem Reports (ETD)

The U.S. coal mining industry was once a booming industry which created and defined communities, particularly in Appalachia. The industry has, however, transformed significantly in the last couple of decades with the passage of environmental policies, with competition from the Shale Revolution, from changes in company ownership, and from mine safety regulation. Overall, the coal industry during this time has experienced a massive decline in production and employment. This dissertation is composed of three papers that investigate these mechanisms and their role in understanding market structure, coal transactions and prices, and mine safety outcomes. Motivated by the shutdowns of U.S. …

Essays In The Consequences Of Occupational Regulation, Noah J. Trudeau

Graduate Theses, Dissertations, and Problem Reports (ETD)

Occupational regulation affects many people across many aspects of life. This dissertation research investigates the consequences of occupational regulation across three different areas of study: economic history, urban and regional economics, and health policy.

The first chapter investigates the historic licensing of emigrant agents. In the period following the US Civil War, firms wished to capitalize on the availability of African American labor. To do so they hired emigrant agents, also known as labor agents, to hire and help with the migration of individuals from the South. Faced with out-migration at the hands of the labor force, some southern states …

Integrating Carbon Pricing Approaches, Amay Shah

CMC Senior Theses

Concerns about global climate change and its effects have been steadily growing around the world in recent years. The Paris Agreement has laid out ambitious targets for countries to cut their emissions in order to limit global warming to 1.5 degrees and to achieve net zero emissions by 2050. Carbon pricing mechanisms are an inventive instrument that can help achieve these emissions reductions by placing a price on greenhouse gas emissions, creating incentives for organizations to reduce their emissions. These mechanisms can also help enable the transfers from wealthy nations to developing nations that will be essential for ensuring a …

The Link Between Gentrification, Children’S Egocentric Food Environment, And Obesity, Christopher Rick, Jeehee Han, Spencer Shanholtz, Amy Ellen Schwartz

Center for Policy Research

While advocates argue that gentrification changes the neighborhood food environment critical to children’s diet and health, we have little evidence documenting such changes or the consequences for their health outcomes. Using rich longitudinal, individual-level data on nearly 115,000 New York City children, including egocentric measures of their food environment and BMI, we examine the link between neighborhood demographic change (“gentrification”), children’s access to restaurants and supermarkets, and their weight outcomes. We find that children in rapidly gentrifying neighborhoods see increased access to fast food and wait-service restaurants and reduced access to corner stores and supermarkets compared to those in non-gentrifying …

Impact Of Covid-19 On The Diversity Of The Construction Workforce, Anil Baral, Yunping Liang, Mingshu Li, Marilyn Gonzalez, Mohsen Shahandashti, Baabak Ashuri

Durham School of Architectural Engineering and Construction: Faculty Publications

Construction industry employment has been severely impacted by the coronavirus (COVID-19) pandemic. This paper examines the impact of the COVID-19 pandemic in the US construction labor market. This study contributes to the state of knowledge by (1) revealing how the COVID-19 pandemic impacted construction employment across different demographic groups and geographic regions in the US, and (2) identifying vulnerable demographic groups (e.g., minorities, women, older workers) in the construction workforce that are disproportionally impacted by the pandemic. Employment data from the Current Population Survey and Current Employment Statistics (CES) programs, which are administered by the Bureau of Labor Statistics, are …

Social Enterprises: Relationship Between Economic Profits And Social Values, Pramon Karnchanapimonkul

Chulalongkorn University Theses and Dissertations (Chula ETD)

Social enterprises emerge as a newer type of organization that that combines elements of for-profit and non-profit organizations, and are gaining recognition as a potential driver of sustainable development. Social enterprises typically have the economic and the social objective that may contradict each other to produce trade-offs, or reinforce each other to produce synergies. Hence, this research aims to determine whether there are trade-offs or synergies between the economic and the social objective of social enterprises in Thailand, and determine the micro, meso and macro level factors that influence the relationship between the objectives of social enterprises. This research performed …

Food Inflation During The Covid-19 Pandemic. A Comparison Between Brazilian And Thai Food Inflation During The Years 2020 And 2021., Lilian Cordeiro Prates

Chulalongkorn University Theses and Dissertations (Chula ETD)

Thailand and Brazil are two prominent net agro-exporters, and both countries were hit severely by the Pandemic of Covid-19. While Thailand's GDP decreased by 6.1% in 2020, the Brazilian economy shrank by 4.1%. Despite these similarities, during the acute phase of the pandemic, food prices in Brazil started to increase at an accelerated pace while, in Thailand, food prices remained low and stable. In 2020, the annual food inflation in Brazil was 14,11%, and Thailand's was 1.37%. Therefore, this study aims to contribute to the literature by filling the information gap about food inflation dynamics in those two countries during …

The Challenges Of Small And Medium Enterprises (Smes) In Tourism Sector : A Case Study Of Sihanoukville Province, Cambodia, Dena Seab

Chulalongkorn University Theses and Dissertations (Chula ETD)

This research aims to study the challenges of Small and Medium Enterprises (SMEs) in Tourism Sector in Sihanoukville of Cambodia. The author used a mix approach of quantitative and qualitative approach to answer and analyze the research objectives. For survey, the population of this study were chosen from 114 business owners or managers of SMEs in tourism sector mainly hotels, guesthouses, restaurants, massage parlors, tour agencies, tour operators, and transportation companies to answer the questionnaires . The quantitative method was applied using questionnaire. The quantitative data collected from the survey were analyzed by using SPSS 16. For qualitative approach, 2 …

Factor Influencing Customer Satisfaction During Crisis : A Case Of Netflix In Croatia, Nikolina Paut

Chulalongkorn University Theses and Dissertations (Chula ETD)

This study explores the possibility of surviving and perhaps thriving during these trying times, referring to the economic and social crisis caused by the pandemic. The purpose of the research is to investigate the relationship between price sensitivity, increased promotion, understanding of customer values, brand awareness, and customer behaviour during the crisis and the effect of these independent variables on customer satisfaction. The thesis focuses on the company Netflix Inc. (Netflix). The case study focuses on Split (Split- Dalmatia County) inhabitants and respondents who work and study in this city. Variables were measured using descriptive statistics, multicollinearity test, Pearson correlation, …

Covid-19 Vaccine Disparities And Attitudes, Deonne Cartwright, Meryem Saygili

Pursue: Undergraduate Research Journal

The past couple of years have caused so much uncertainty and grief amidst the global pandemic. The goal of this study is to explore the attitudes behind COVID-19 vaccination to address the cause for vaccine disparities and help minimize health disparities in the United States. The study considers two multivariable regressions in SPSS of the social factors on vaccination status and vaccine confidence. This model studies the relationship between one’s ethnicity, race, education level, education specialization, household income, political ideology, and media source on vaccine confidence and vaccination status on an East Texas college campus. A campus-wide survey was conducted …