Economics Commons^™

Stronger Transition: Coping With Natural Disasters, And Health-Economic Investment For Adolescents In Developing Countries, Mengqi Liu

Economics ETDs

This dissertation investigates the period of adolescence as another important window for human capital development. The first chapter provides the introduction of my three research papers, highlighting the research motivation, goals, and contributions. The final chapter summarizes the conclusions and discusses the future research trajectory. The first paper examines the long-term health and socioeconomic implications of exposure to natural disasters during adolescence and childhood. In the second paper, I survey the current awareness of Human Papillomavirus (HPV) and HPV vaccine in Nepal and test the different indicators for HPV vaccination, precisely the mother’s intention to vaccinate their adolescent girls against …

Beyond Degrees: The Kalamazoo Promise And Workforce Outcomes, Isabel Mcmullen, Brad J. Hershbein

Upjohn Institute Policy and Research Briefs

No abstract provided.

(Wp 2021-06) A Contextualist Approach To Health Economics, John B. Davis, Robert Mcmaster

Economics Working Papers

This paper departs from the standard abstract economics approach to health economics to develop a specifically contextualist approach to the subject emphasizing social and historical circumstances affecting health provision. Following Polanyi, it sees the economy as socially embedded and economic relationships as social relationships. The paper critically examines Grossman’s natural science utility maximization explanation of people’s demand for health and health care, and advances an alternative social science account using a two-way analysis between micro level social relationships and the macro level organization of health in society. Three significant trends affecting the future of health systems are discussed. The paper …

Beyond Degrees: Longer Term Outcomes Of The Kalamazoo Promise, Brad J. Hershbein, Isabel Mcmullen, Brian Pittelko, Bridget Timmeney

Upjohn Institute Working Papers

We estimate the effects on workforce and location outcomes of the Kalamazoo Promise, a generous, place-based college scholarship. Drawing upon administrative unemployment insurance wage records merged with individual-level education data, we identify Promise effects by comparing eligible to ineligible graduates before and after the Promise’s initiation. We supplement this quantitative analysis with surveys and interviews. Despite earlier research showing that the Kalamazoo Promise substantially increased degree attainment, we find little evidence that the program affected average earnings within 10 years of high school graduation. However, the Kalamazoo Promise may have increased the likelihood of eligible graduates having earnings, within Michigan, …

Long Term Effects Of Cash Transfer Programs In Colombia, Orazio Attanasio, Lina Cardona-Sosa, Carlos Medina, Costas Meghir, Christian Posso

Cowles Foundation Discussion Papers

Conditional Cash transfer (CCT) programs have been shown to have positive effects on a variety of outcomes including education, consumption and health visits, amongst others. We estimate the long-run impacts of the urban version of Familias en Acción, the Colombian CCT program on crime, teenage pregnancy, high school dropout and college enrollment using a Regression Discontinuity design on administrative data. ITT estimates show a reduction on arrest rates of 2.7pp for men and a reduction on teenage pregnancy of 2.3pp for women. High school dropout rates were reduced by 5.8pp and college enrollment was increased by 1.7pp for men.

Joint Bidding In Conservation Auctions: An Experimental Study Of Policy Design And Performance, Simanti Banerjee

Cornhusker Economics

In designing conservation policies both ecologists and economists have argued that greater spatial coordination of producer land use adoption can improve environmental outcomes for a range of important environmental targets such as wetlands restoration, nutrient pollution reduction,and species conservation. Economists have suggested two types of incentive policies for achieving such spatial coordination: the Agglomeration Bonus (AB) (Parkhurst and Shogren, 2007) and spatially-connected auctions (Banerjee et al., 2015). However, a majority of the analyses to date have focused on incentives aimed at individual land manager participation in such schemes (e.g., Fooks et al., 2016). In contrast, a number of countries such …

Practical Perspective Of Market Efficiency And Comparison Of Empirical Efficiency Tests, Haoxiang Peng

Lingnan Theses (MPhil & PhD)

The Covid-19 pandemic outbreak caused huge impact on global financial markets. This paper uses Hurst exponent as methodology to revisit the traditional concept of market efficiency including stock markets and cybercurrency markets which becomes increasingly popular these years like Bitcoin and Ethereum. The empirical tests are based on two following hypotheses: 1. The inefficiency level of cybercurrency markets will be higher than stock markets. 2. The inefficiency level of cybercurrency markets and stock markets will both go up after the pandemic outbreak.

The three sufficient conditions raised by Eugene F. Fama for market efficiency are: (i) there are no transactions …

Balancing Food Security And Environmental Sustainability By Optimizing Seasonal-Spatial Crop Production In Bangladesh, Man Li, Zhe Guo, Wei Zhang

Applied Economics Faculty Publications

The intensification of crop production has been identified as one of the major drivers of environmental degradation. While significant advances could still be made with more widespread adoption of sustainable intensification technologies that address the agronomic efficiency of nitrogen fertilizers, the dynamic use of agricultural land across seasons and associated crop-specific responses to fertilizer applications have so far been largely overlooked. This paper explores the potential for improving the economic-environmental performance of crop production through spatially integrated modeling and optimization, as applied to Bangladesh. Results show that per-billion-Taka nitrogen loss from soil would decline by 83% from the baseline level …

The Optimality Of Upgrade Pricing, Dirk Bergemann, Alessandro Bonatti, Andreas Haupt, Alex Smolin

Cowles Foundation Discussion Papers

We consider a multiproduct monopoly pricing model. We provide sufficient conditions under which the optimal mechanism can be implemented via upgrade pricing—a menu of product bundles that are nested in the strong set order. Our approach exploits duality methods to identify conditions on the distribution of consumer types under which (a) each product is purchased by the same set of buyers as under separate monopoly pricing (though the transfers can be different), and (b) these sets are nested. We exhibit two distinct sets of sufficient conditions. The first set of conditions is given by a weak version of monotonicity of …

The Optimality Of Upgrade Pricing, Dirk Bergemann, Alessandro Bonatti, Andreas Haupt, Alex Smolin

Cowles Foundation Discussion Papers

We consider a multiproduct monopoly pricing model. We provide sufficient conditions under which the optimal mechanism can be implemented via upgrade pricing—a menu of product bundles that are nested in the strong set order. Our approach exploits duality methods to identify conditions on the distribution of consumer types under which (a) each product is purchased by the same set of buyers as under separate monopoly pricing (though the transfers can be different), and (b) these sets are nested. We exhibit two distinct sets of sufficient conditions. The first set of conditions weakens the monotonicity requirement of types and virtual values …

Improving K-12 Education For Hispanic Students In Las Vegas And Beyond, Richard Reeves, Ember Smith

Policy Briefs and Reports

Public K-12 education serves as a launching pad for economic mobility and opportunity, preparing students for college or a good-paying job. Despite K-12 education’s influence on later-in-life outcomes, schools often underserve students of color. Hispanic students in particular constitute a significant and growing portion of the U.S. student population yet are often overlooked in education literature because they are not the lowest performing demographic. In this brief, we examine how well public K-12 education serves Hispanic students in Clark County, where nearly half of students are Hispanic. We then consider factors that may influence student performance, including both in-school factors …

2020 Most Dynamic Micropolitans In The Mountain West, Kelliann Beavers, Katie M. Gilbertson, Caitlin J. Saladino, William E. Brown Jr.

Cities & Metros

This fact sheet draws from the “Most Dynamic Micropolitans 2020” report released by Heartland Forward, “an institute for economic renewal […] with a mission to improve economic performance in the center of the United States.” In this report, Heartland Forward offers the Most Dynamic Micropolitan Index to analyze the economies of smaller communities for a total of 515 micropolitan areas nationally. This fact sheet includes information on job growth, annual pay growth, and personal income growth for micropolitan areas in the Mountain West region.

The Economic Impact Of Lockdowns: A Theoretical Assessment, Gabriele Camera, Alessandro Gioffré

ESI Working Papers

The sudden appearance of the SARS-CoV-2 virus and the onset of the COVID-19 pandemic triggered extreme and open-ended “lockdowns” to manage the disease. Should these drastic interventions be the blueprint for future epidemics? We construct an analytical framework, based on the theory of random matching, which makes explicit how epidemics spread through economic activity. Imposing lockdowns by assumption prevents contagion and reduces healthcare costs, but also disrupts income-generation processes. We characterize how lockdowns impact the contagion process and social welfare. Numerical analysis suggests that protracted, open-ended lockdowns are generally suboptimal, bringing into question the policy responses seen in many countries.

Economic Development, The Nutrition Trap And Metabolic Disease, Nancy Luke, Kaivan Munshi, Anu Mary Oommen, Swapnil Singh

Discussion Papers

This research provides a single explanation for: (i) the persistence of malnutrition and (ii) the increased prevalence of metabolic disease (diabetes, hypertension, cardiovascular disease) among normal weight individuals with economic development. Our model is based on a set point for BMI or bodyweight that is adapted to conditions of scarcity in the pre-modern economy, but which subsequently fails to adjust to rapid economic change. During the process of development, some individuals thus remain at their low-BMI set point, despite the increase in their consumption, while others who have escaped the nutrition trap (but are not necessarily overweight) are at increased …

Us Gambling Stagnation: Will New Gambling Forms Make A Difference?, Thomas E. Lambert

Faculty and Staff Scholarship

Much has been written recently in the popular press about the rise of sports gambling, historical horse racing or instant racing (HHR), and esports. However, despite this, some note an overall decline in the popularity of gambling and gaming in general as horse racing (pari-mutuel) wagering has declined dramatically over the decades and as casino and lottery revenues have fallen slightly since before the Great Recession. This exploratory research note examines the trends in US gambling over the last several decades and explores whether the new forms of gambling will stem and reverse overall gambling stagnation in the United States. …

Emotional Finance: The Impact Of Emotions On Investment Decisions, Leef H. Dierks, Sonja Tiggelbeck

Journal of New Finance

Emotions have a decisive influence on individual investment decisions and thus on market developments. Collective behavior, which often prevails in markets, can trigger the development of speculative bubbles as, more often than not, investors rely on trust in an attempt to reduce the uncertainty and complexity prevailing in markets. Based on the developments surrounding German financial services provider Wirecard in 2020, this contribution explains why retail and institutional investors decided to trust the company's narrative in an attempt to reduce uncertainty, despite increasingly obvious large-scale accounting inconsistencies.

Trends And Causes Of Socio-Economic Inequality In Teenage Pregnancy And Childbearing In Tanzania, Magashi Joseph, Asela Miho

Journal of Humanities and Social Sciences

The paper analyses the trends and causes of socioeconomic inequalities in teenage pregnancy and childbearing in Tanzania using the 2004/05, 2009/10 and 2015/16 Tanzania Demographic and Health Survey (TDHS) data. The analysis of trends and causes of socioeconomic-inequality uses a representative sample of 7,450 teenagers who were pregnant or had a child during the survey. Teenagers were obtained from a multi-stage sampling technique. Erreygers Index (EI) and its decomposition are used in the analyses. The EI indicates a significant increase in the magnitude of inequalities in teenage pregnancy and childbearing over time. Further, there exists a pro-poor inequality in teenage …

Advantages And Disadvantages Of The Hotel Industry In Hainan Island (China), Сhen Liu, Olga Vasilievna Ivlieva, Jia Ma, Sayora Uralovna Tadjieva

Scientific reports of Bukhara State University

Introduction. A country located in Central and East Asia. It is one of the most populous and largest countries in the world. To the east, the Pacific Ocean is bordered by the Yellow, Shanghai China and South China Seas. The area is 9.6 million. km². Population 1 billion. 394 mln. person The capital city - Beijing is administratively divided into 23 provinces (including Chinese Taipei), 5 autonomous regions and 4 cities subordinate to the center (Beijing, Shanghai, Tenzin, Chunxin). Hainan is the smallest and southern province of the People's Republic of China (PRC), consisting of various islands in the South …

Cirp Re-Engineering And Re-Structuring Under Insolvency And Bankruptcy Reforms, Joy Kattadiyil Binoy, Bakhtiyor Anvarovich Islamov

Scientific reports of Bukhara State University

Introduction. This article discusses the theory of corporate restructuring and its importance in the country. Business restructuring is the redesigning of existing business strategies and aspects for various reasons. Usually a corporate’s varied challenges and financial adjustments to its assets and liabilities necessitates this process. It analyses how the different avenues of business restructuring exercises such as mergers, acquisitions, amalgamations, compromises, and arrangement are processed with in respect to the process provided under the Insolvency and Bankruptcy Code 2016. Introduction followed by brief Literature Review. Research methods are exploratory in nature, since the study has to explore the impact of …

Determinants Of The Changing Funding Burden Of Higher Education, Matthew Van Den Berg

Mountain Plains Journal of Business and Technology

This paper analyses the political economy of public higher education funding in the United States and offers a unique conceptual and empirical approach to describe the determinants of funding sources. By evaluating the tuition proportion of revenue, this analysis estimates the determinants of the relative distribution of the funding burden between public and private sources. The empirical results show inelastic substitution between government appropriations and tuition revenue, significant demand effects on tuition revenue, and that institutional differences contribute to varying dependence on tuition as a source of revenue. The estimated determinants identify several areas where state and university policies may …

The Impact Of Temperature On Labor Quality: Umpire Accuracy In Major League Baseball, Eric Fesselmeyer

Research Collection College of Integrative Studies

Using data from Major League Baseball, I compute an objective measure of the home plate umpire's work quality-the accuracy of his ball and strike calls during a game-and measure how it varies with temperature. I find that an increase in game-time temperature from between 70 and 80 degrees F to above 95 degrees F decreases an umpire's accuracy by a little less than a percentage point, which is a 5.5% increase in the pitch-calling error rate when evaluated at the mean error rate of 13.3%. Restricting the sample to borderline pitches increases the magnitude of the hot-weather effect on accuracy …

The Unique Role Of The State Press In The Chinese Economy, Singapore Management University

Perspectives@SMU

CUHK research investigates the role played by China’s state-owned media in supplying information vital to the functioning of China’s capital markets

Searching For True Happiness, Taylor Shipley

Proceedings of the Jepson Undergraduate Conference on International Economics

This paper takes a look into what variables might impact an individual's happiness. It utilizes the most recent World Happiness Report along with data collected from the UN. Two regressions were run, the first one using the variables GDP per capita, female and male life expectancy, unemployment rate, literacy rate, and consumer price index with a total of one hundred forty-eight countries. The second regression used the same variables along with corruption rating with a total of fifty-nine countries. It was found that GDP per capita, female life expectancy, and unemployment were the only three significant variables in the first …

Poverty Reduction By Getting Female Farmers Access To Cash And Credit, Sandra J. Thiman

Proceedings of the Jepson Undergraduate Conference on International Economics

Women represent the majority of agricultural labor in low-income countries, even though they have lower access to productive resources in agriculture. A major problem is the shortfall of independent income, control over finances, and lack of credit. Hence this paper examines whether women’s access to cash and credit can reduce poverty headcount. Moreover, advantageous outcomes such as an increase in yield, improvement in child health, and increase in sustainability may be achieved by allowing women farmers more access to finances. This research entails a comparative analysis between Kenya and Uganda, where I examine poverty headcount in comparison to financial policies, …

Economic Implications Of Disasters On Cooperative Sector In Calabarzon, Philippines, Ceptryl S. Mina, Liezel S. Cruz

Journal of Economics, Management and Agricultural Development

Cooperatives serve as an important tool for improving the living conditions of members and their community. However, like any other business enterprise, cooperatives are also exposed to disasters that may affect their
operations. This study analyzed the economic effects of disasters on cooperatives in CALABARZON, Philippines. Results of the Pearson’s chi-square test showed that cooperatives are exposed to various types of natural, biological, and humaninduced disasters. It was found out that disasters lead to increased operational costs and reduced net surplus. Using emergency-use-only cell phones and generators, changing production patterns, limiting high risk-customers, buying insurance, and establishing online and offline …

Experiences And Coping Strategies During The Covid-19 Pandemic Among Fishers And Farmers In The Island Province Of Guimaras, Philippines, Gay Margarett A. Gange, Louie Marie T. Eluriaga, Alice Joan G. Ferrer

Journal of Economics, Management and Agricultural Development

This study describes the experiences and coping strategies related with the COVID-19 threat and the community quarantine policy by the fishers and farmers in the island province of Guimaras. Both food producers faced marketrelated problems such as low demand, low prices of catch and produce, and logistical problems. While the in-kind support (e.g., food provisions) received and adaptive measures (e.g., continued with fishing or adjusted harvest schedule; use of social media or delivery services in marketing) allowed them to get by during the pandemic, there is a need to develop more resilient farming and fishing households. Short-term support can be …

Squawking About Persistently Higher Inflation?, Thomas Lam

Sim Kee Boon Institute for Financial Economics

All signs point to an uncertain path for inflation in the future. While inflation is set to stay prospectively higher in the US in the near-term, it's unlikely to remain so.

International Medical Graduates And Health Outcomes: A Way Out Or A Grave Mistake, Neel Lal

Proceedings of the Jepson Undergraduate Conference on International Economics

Insufficient healthcare access has been a principal concern for policymakers and health care providers. And yet, fewer Americans in 2015 had a primary care provider than in 2002. Worsening healthcare access presents an immediate problem and warrants a prompt solution. One potential solution to this problem involves integrating more International Medical Graduates (IMGs) into the medical workforce. In this investigation, we evaluated the effect of (1) IMG trainees (residents and fellows) and (2) all IMGs (including trainees) on mortality rates. We found no evidence that the addition of IMG trainees affects mortality rates, both in the aggregate and across different …

Average Life Expectancy Across Nations, Madison Eberhart

Proceedings of the Jepson Undergraduate Conference on International Economics

This paper analyzes life expectancy and the factors that influence it across several different countries worldwide. Data is collected from the World Bank DataBank. The cross-sectional data set contains variables for nation population, percentage of citizens with access to electricity, net income per capita, labor force participation rate, crude birth rate, population density, the percent of a nation’s population that is female, and the dependent variable being average life expectancy. This regression gives insight as to how strongly average life expectancy is affected by the different independent variables selected. It is important to understand how different elements and factors correlate …

So How To Make Group Decisions? Arrow's Impossibility Theorem 70 Years After, Hung T. Nguyen, Olga Kosheleva, Vladik Kreinovich

Departmental Technical Reports (CS)

In 1951, Kenneth Arrow proved that it is not possible to have a group decision making procedure that satisfies reasonable requirements like fairness. From the theoretical viewpoint, this is a great result -- well-deserving the Nobel Prize that was awarded to Professor Arrow. However, from the practical viewpoint, the question remains -- so how should we make group decisions? A usual way to solve this problem is to provide some reasonable heuristic ideas, but the problem is that different seemingly reasonable idea often lead to different group decision -- this is known, e.g., for different voting schemes. In this paper, …