Economics Commons^™

Mechanism And Methods Of Early Prevention Of Bank Insolvency, Morgan Alexander Fox

DLSU Business & Economics Review

Early detection of the financial condition of commercial banks is especially relevant in modern conditions of economic turbulence related to the global COVID-19 pandemic. The article provides a brief overview of the applied methods in the early detection of financial problems and prevention of bank insolvency. This study also explains the use and purpose of systems such as CAMELS and multivariate analysis models.The article illustrates the necessity of the complex use of multivariate analysis models and averaging simulation results in obtaining the most reliable results.A mechanism is offered for organizing the process of early prevention of bank insolvency.When implementing this …

Introduction To The Political Economy And Feasibility Of Bitcoin And Cryptocurrencies, Spencer J. Pack

Economics Faculty Publications

No abstract provided.

Exchange Rate Forecast Model: Factor Analysis, Swapnil Landge

Publications and Research

Forecasting the exchange rate using factor analysis, factors based on cross section exchange rates of different economies in terms of trade, would beat random walk model in longer out of sample horizon forecasting. In this research project, we will replicate the NBER working paper Factor Model Forecasts of Exchange Rates” by Charles Engel, Nelson C. Mark & Kenneth D. West (2012) which has used 17 OECD countries exchange rates in getting the potential factors but with extended time period from 1973:1-2021:4. We will report early sample forecasting statistics for a 1987-1998 sample. Results for late samples (1999-2022) were promising, at …

Three Essays Examining The Impact Of Paid Maternity Leave Offers On Women’S Labor Market Outcomes, Murshed Jahan

Graduate Research Theses & Dissertations

This dissertation consists of three essays on the relationship between paid maternity leave benefit offers and different labor market outcomes of women of childbearing age. The first essay examines the impact of paid maternity leave offers in fringe benefit packages on wages of this particular group of women. Since the access to paid maternity leave and wage can be simultaneously determined by other factors, this essay uses an instrumental variable approach to estimate the effect. The information on access to paid maternity leave and other covariates for this analysis is extracted from the National Longitudinal Survey of Youth 1997 (NLSY97). …

Three Essays Examining The Effects Of Labor Market Conditions On College Enrollment And Completion, Dezhi Jiang

Graduate Research Theses & Dissertations

This research explores the causal effects of labor market conditions on college enrollment and attainment of high school graduates and answers the following questions: Does leaving high school in unfavorable labor market conditions cause a higher probability of college enrollment? Is this effect different between gender and across racial/ethnic groups? Does this effect vary regarding cognitive ability? Does this effect change over cohorts/generations? And does the positive effect on college enrollment in the short run translate into a positive effect on college degree attainment later?

The analysis that uses the National Longitudinal Survey of Youth 1997 (NLSY97) data suggests that …

Effect Of Cash Transfer On Household Fertility Choice And Children's Human Capital Accumulation In Uganda, Shaila Ahmed

Graduate Research Theses & Dissertations

This analysis examines the effects of conditional and unconditional cash transfer on household fertility decisions and other indicators of human capital accumulation. To test my hypotheses, I rely on the UCT and CCT sub-arms of the Cash-Plus Program recently implemented in Uganda. The design of the Cash-Plus Program follows randomized control trials for intervention. My empirical findings show that the Cash-Plus Program have no discernible impact on beneficiary households' pregnancy incidence. The only effect on the primary outcomes of interest is a marginally significant effect for household heads aged 25 to 49, who received unconditional treatments. The results also show …

Crime, Crisis And Economic Growth: An Investigation Of Socio-Economic Determinants Of Crimes In The Indian States, Ankita Thapa

Masters Theses

This paper investigates the impact of socio-economic conditions on five major crime heads from 2001-2019 using a panel data set for the Indian states. The paper focus on the great recession of 2008-09, economic growth of the states, and deterrence variables. The paper employed two estimation procedures: panel Fixed-Effect and two-stage least square-fixed effect (2SLS-FE). The 2SLS-FE is preferred over the fixed effect method, where poverty is treated as an endogenous variable with higher education and social sector expenditure as instrumental variables. A dummy variable is used for the period of the great recession. A square of state GDP per …

Investigating The Impacts Of Monetary Policy On Income Inequality In Developed Nations: Case Study Of The Euro Area, Japan And The United States, Hector Martinez Garcia

Masters Theses

This paper tries to evaluate the effect that unconventional monetary policy has had on income inequality for the set of Eurozone countries, the United States and Japan using an unbalanced panel data model over the period from 1980 to 2021, first jointly and then individually, using different regressions for each case. Based on the regression model analyzed, the study attempts to analyze the relationship between money supply and income inequality as measured by the Gini index using fixed effects and random effects for our panel data model. The study reveals the importance of the money supply variable in reducing inequality …

Marx, Critical Theory, And The Treadmill Of Production Of Value: Why Environmental Sociology Needs A Critique Of Capital, Alex Stoner

Journal Articles

This chapter explores the domestication of Marx’s critique of political economy within Marxist-oriented environmental sociology, and treadmill of production (ToP) theory, in particular. The aim is to explicate the theoretical resources for a rigorous critique of capital-induced planetary degradation. Shortcomings of ToP theory pertaining to the conceptualization of capital and value are identified. The reasons for these shortcomings, including how they might be addressed, are elaborated by reconsidering key aspects of Marx’s critical theory of modern capitalist society. The chapter contributes to current discussions in both critical theory and environmental sociology by demonstrating the continued relevance of Marx’s critical theory …

Do Economic Conditions Affect Climate Change Beliefs And Support For Climate Action? Evidence From The Us In The Wake Of The Great Recession, Andrew G. Meyer

Economics Faculty Research and Publications

I show that climate skepticism increases with negative economic shocks and that the effects are concentrated among individuals in the labor force. I primarily employ a panel of US individuals in the period following the Great Recession, but also find consistent results with an alternative instrumental variables strategy. Among labor force participants, a one‐percentage point increase in the local unemployment rate leads to a three to five percentage point decrease in the probability of believing climate change is real and requires action. I conclude that support for climate change policies could depend on labor market conditions.

Are Risk Attitudes And Rainfall Variability Determinants Of Diversification? Evidence From Rondonia, Brazil, Brenna Swinger

Graduate Student Theses, Dissertations, & Professional Papers

Risk exposure and management are inherent to smallholder farmers. One of the risks they face is climate change. Climate change decreases rainfall, increases frequency of drought, adds heat stress to crops from higher temperatures, and leads to higher rainfall variability. The threat of rainfall variability causes higher production in some years and lower in others. Even if the average income remains the same, people’s welfare is reduced by the variability and the size of the loss will depend on their attitudes towards risk.

Diversification is one adaption strategy that may help reduce climate risk. Diversified farmers produce multiple types of …

Pharmacy-Based Immunization Laws And Adolescent Well-Child Checkup Tradeoffs: Results From The Nis-Teen 2019, Teigan Avery

Graduate Student Theses, Dissertations, & Professional Papers

Pharmacy-based immunization (PBI) has been heralded as a barrier-reducing way to immunize Americans and reach public health targets. PBI programs vary by state; some states prohibit vaccinating children in pharmacies while others allow pharmacists to prescribe and immunize persons of any age. There is concern that liberal PBI programs may boost vaccination rates at the cost of well-child visits. Parents may see PBI as an alternative to preventive well-check visits at a doctor’s office rather than as a complement, particularly for adolescents. This paper estimates the effect of state vaccination policies on individual adolescent 11–12-year-old well-checks using probit regression for …

Forecasting Equity Index Volatility By Measuring The Linkage Among Component Stocks, Yue Qiu, Tian Xie, Jun Yu, Qiankun Zhou

Research Collection School Of Economics

The linkage among the realized volatilities of component stocks is important when modeling and forecasting the relevant index volatility. In this article, the linkage is measured via an extended Common Correlated Effects (CCEs) approach under a panel heterogeneous autoregression model where unobserved common factors in errors are assumed. Consistency of the CCE estimator is obtained. The common factors are extracted using the principal component analysis. Empirical studies show that realized volatility models exploiting the linkage effects lead to significantly better out-of-sample forecast performance, for example, an up to 32% increase in the pseudo R2. We also conduct various forecasting exercises …

Ranked Choice Voting In Mayoral Elections, Bryan Mccannon

Faculty & Staff Scholarship

Numerous cities across the U.S. have recently switched to ranked choice voting in their local mayoral elections. Proponents argue that, by allowing voters to fully express their preferences over the candidates, voter satisfaction and, ultimately, turnout will improve. Opponents are concerned over the number of candidates who enter the race, as it increases the chances of someone only supported by a minority taking office. To date, there has not been an empirical analysis of ranked choice voting’s effects. First, using the Synthetic Control Method on three large U.S. cities who switched relatively recently, I explore the voting rule’s causal impact. …

Expert Witnesses And Arbitration Outcomes: Insights From Public Procurement Contracts, Bryan Mccannon, Claudio Detotto, Marco Vannini, Riccardo Marselli

Faculty & Staff Scholarship

We explore the use of expert witnesses in arbitration proceedings by analyzing public procurement contract disputes in Italy. Balancing cost with accuracy, participants to a contract select arbitration when speedy dispute resolution is valued highly. Arbitration mechanisms tend to give arbitrators discretion in how to proceed. Consequently, principal-agent problems can arise. Using an IV approach, we show that the use of an expert witness causes a slowing down of the case resolution, without having an effect on the outcome of the dispute nor resolving uncertainty as measured by unanimous decisions by the panel of arbitrators.

Do Elections Encourage Public Actors To Be More Responsive?, Bryan Mccannon, Corey Williams

Faculty & Staff Scholarship

In the U.S. many public services are provided by individuals who are selected in local elections. We ask whether elections encourage public actors to be responsive to citizens. We design a novel field experiment where we send an information request to a random sample of prosecutor offices. Whether someone replies to the request is our measurement of responsiveness. We show that offices whose head is up for re-election are more likely to respond. We also show that offices in states that appoint their local prosecutors are substantially less likely to respond than a matched set of offices with elected leadership.

The Right To Counsel: Criminal Prosecution In 19th Century London, Bryan Mccannon, Zachary Porreca

Faculty & Staff Scholarship

Exploiting a novel data set of criminal trials in 19th century London, we evaluate the impact of an accused’s right to counsel on convictions. While lower-level crimes had an established history of professional representation prior to 1836, individuals accused of committing a felony did not, even though the prosecution was conducted by professional attorneys. The Prisoners’ Counsel At of 1836 remedied this and first introduced the right to counsel in common law systems. Using a difference-in-difference estimation strategy we identify the causal effect of defense counsel. We find the surprising result that the professionalization of the courtroom lead to an …

Sexual Assault On Campus: The Impact Of The Women's Gymnastics Scandal On Michigan State, Bryan Mccannon, Kaleigh Strohl

Faculty & Staff Scholarship

In 2017 Larry Nassar was sentenced to 60 years for assaulting over 300 women during his career as team doctor for the U.S. women’s national gymnastics team and as an osteopathic doctor and professor at Michigan State University. The university received a stream of negative publicity for their role in the scandal. We identify the impact of the sexual assault scandal on the university. Using a synthetic control method approach, we estimate the differences between the real and “synthetic” Michigan State in several university outcomes. We find significant reductions in the number of applications, changes in gender ratio of incoming …

Aacsb Accreditation And Student Demand, Bryan Mccannon, Katherine Starr, Marisa Cameron

Faculty & Staff Scholarship

We ask whether AACSB accreditation has a meaningful impact on university admissions. To do this, we explore 16 U.S. institutions which first achieved this certification recently. We, first, document a modest, but nonzero, impact on university-wide undergraduate applications, without any changes in first-year enrollment, price, or quality of the incoming student body. Restricting attention to business schools, while initial evidence suggests that the accreditation is associated with a decrease in enrollments, we show that this is complicated by non-parallel trends prior to accreditation. Compared to their comparison institutions, universities who seek out accreditation were experiencing flatter business enrollments. Correcting for …

Three Golden Balls: Pawn Shops And Crime, Bryan Mccannon, Zachary Rodriguez, Zachary Porreca

Faculty & Staff Scholarship

We ask what the relationship is between pawn shops and crime. The dominant narrative is that pawn shops reduce the transaction costs of crime and, consequently, promote it. We explore the alternative where pawn shops address the financial distress of those in need, which reduces the incentive to engage in crime. We exploit two distinct policies affecting access to pawn shops − severe licensing fees implemented in London in the early 1800s and state variation in the classification of pawn shops as essential businesses during the Covid-19 pandemic in spring 2020. For each, employing a difference-in-difference identification strategy, we provide …

Corporate Taxes And Union Wages In The United States, Alison R. Felix, James R. Hines Jr.

Articles

This paper evaluates the effect of U.S. state corporate income taxes on union wage premiums. American workers who belong to unions are paid more than their non-union counterparts, and this difference is greater in low-tax locations, possibly reflecting that unions and employers share tax savings associated with low tax rates. In 2000 the difference between average union and non-union hourly wages was $1.88 greater in states with corporate tax rates below four percent than in states with tax rates of nine percent and above. Controlling for observable worker characteristics, a one percent lower state tax rate was associated with a …

À La Carte Cable: A Regulatory Solution To The Misinformation Subsidy, Christopher R. Terry, Eliezer J. Silberberg, Stephen Schmitz, John Stack, Eve Sando

Catholic University Journal of Law and Technology

Although “fake news” is as old as mass media itself, concerns over disinformation have reached a fever pitch in our current media environment. Online media outlets’ heavy reliance on user-generated content has altered the traditional gatekeeping functions and professional standards associated with traditional news organizations. The idea of objectivity-focused informational content has primarily been substituted for a realist acceptance of the power and popularity of opinion-driven “news.” This shift is starkly visible now: mainstream news media outlets knowingly spread hoaxes, conspiracy theories, and the like.

This current state of affairs is not some freak accident. The Supreme Court’s First Amendment …

Annual Report Designs Today: A Paradigm Shift In Purpose, Imene Friday Oghenefegha

DLSU Business & Economics Review

This paper focused on reemphasizing the original purpose of the annual report which lies in its use as a medium of communication between preparers and users; whereby the former report stewardship while the latter evaluate stewardship to make buy/sell/hold decisions. To achieve this objective, opinions were collected from a sample of 150 preparers and users of annual reports, while the contents of 100 annual reports from 20 listed firms over a period of 5 years were also analyzed. The result showed that the preparers and users of annual reports agree that such content as advertisements and images, as well as …

(Wp 2022-01) Economics As A Normative Discipline: Value Disentanglement In An ‘Objective’ Economics, John B. Davis

Economics Working Papers

This chapter critically evaluates standard economics’ treatment of positive and normative, drawing on Putnam’s (2002) fact-value entanglement argument. It argues that economics is an inherently value-laden discipline but may still be an ‘objective’ one. The means of achieving this is to carry out a programme of value disentanglement that evaluates research approaches according to whether their different value structures are consistent. The method employed assumes that economics and social science disciplines are built around anchor values or normative ideals and additional sets of values concerning what most people in those disciplines see as most valuable and good about human society …

Factors Influencing People’S Behavioral Motivation To Travel For Sport Tourism In Thailand, Lingjuan Liu

Chulalongkorn University Theses and Dissertations (Chula ETD)

Sport tourism is a combination of sport and tourism that has gained increasing attention among multiple parties, government, academics, and market participants. Sport tourism has showed a positive business outlook that can support Thai tourism sector’s sustainable development. However, current research is more focused on the concept of sport tourism, less emphasized on sport tourist’s motivation. This study used quantitative method with the tool of ordered logit regression and descriptive analysis with figures and tables to investigate the factors that can influence people’s motivation to travel for sport tourism in Thailand. A questionnaire including questions related to social demographic, travel …

Impact Of Digital Marketing On Consumer Hotel Booking Intentions In Phuket Hotels, Lingyu He

Chulalongkorn University Theses and Dissertations (Chula ETD)

The hotel industry is an industry highly dependent on tourism. The pandemic outbreak has had a huge impact on the global economy, and the tourism industry has also been affected. As the largest tourist area in southern Thailand, Phuket, Thailand has made outstanding contributions to Thailand's GDP and employment rate. Due to the pandemic, many hotels in Phuket closed due to a lack of income resulting from the lack of tourists over the past three years, and there has also been a shift in consumer behavior from offline to online activities. This has resulted in a surge in the number …

Strategic Human Resource Management : A Case Study Of Oceanfront Beach Resort, Nalakson Phimphaphowat

Chulalongkorn University Theses and Dissertations (Chula ETD)

Since the Covid-19 pandemic has occurred on a large scale in since the hotel's opening, this study discusses how human resource management (HRM) has progressed beyond its functional approach, how managing human resource s is now seen as part of strategic management, and the HR responsibilities that are likely to become important focus areas at Oceanfront Beach Resort. The hotel is both a start-up and a small-scale establishment, therefore in order to maintain its competitiveness in the face of intense competition, it has adopted some unique human resource strategies. The hotel's strategic management of key personnel concerns was essential to …

Driving Sustainability For A Hotel In Phuket, Natharee Somboon

Chulalongkorn University Theses and Dissertations (Chula ETD)

This research study investigated the factors that impact the environment of the hotel’s operations in Phuket, Thailand. The study was made through the analysis of the old research study and the current situation mentioned by the local residents and other stakeholders. According to research, there are three main environmental effects: excessive energy use, ineffective water use, and poor waste management. Suggestions and how to minimize the environmental impacts of Hotel operations were also provided in this research study.

Human Resource Management In Managing Employee Retention During Covid-19 For Sport And Wellness Resorts In Phuket, Peeraya Sattayaporn

Chulalongkorn University Theses and Dissertations (Chula ETD)

Phuket, a top-ten tourism contributor in Thailand, was affected by the COVID-19 situation. The staff shortage has been a massive crisis in the area, especially for high-potential niche markets like sports and wellness resorts in Phuket. This study is about how these accommodations handle the crisis. The paper contained data from HR and employee perspectives to investigate the key success factors of the human resource management implemented by Phuket's sports and wellness resorts toward employee retention during the COVID-19 crisis and the effects of COVID-19 on the human resource management of Phuket's sports and wellness resorts. The result shows that …

An Analysis Of Intercontinental Phuket Resort’S Crisis Management Strategies In Response To Covid-19., Pimchon Chotikiat

Chulalongkorn University Theses and Dissertations (Chula ETD)

This paper analyzes the crisis management strategies implemented by Intercontinental Phuket Resort during the COVID-19 pandemic. The study adopts a qualitative case study approach, utilizing Fink’s crisis management model as a conceptual framework to evaluate the effectiveness of the resort’s crisis management strategies during each phase of the pandemic. The data collection methods include interviews, document analysis, and online reviews. The results indicate that the resort’s crisis management strategies were successful in mitigating the impact of the pandemic on its financial performance, brand reputation, and customer satisfaction. Specifically, the study finds that the resort’s flexibility, innovation, and proactive communication with …