Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Behavioral Economics (1)
- Behavioural (1)
- Black-Scholes (1)
- Climate change (1)
- Climate skepticism (1)
-
- Dyad ratios (1)
- Econometrics (1)
- Economics (1)
- Event Study (1)
- Government (1)
- IPoll+ Roper Datacenter (1)
- Immigration (1)
- Investor Sentiment (1)
- Jump diffusion (1)
- Kurtosis (1)
- Netlogo (1)
- Options market (1)
- Ordinary least squares (1)
- Partisanship (1)
- Political elite cues (1)
- Property crime (1)
- Recession (1)
- Sanctuary cities (1)
- Sports (1)
- Statistics (1)
- Stock Market (1)
- Vector autoregression (1)
- Violent crime (1)
- Volatility (1)
Articles 1 - 5 of 5
Full-Text Articles in Econometrics
Sanctuary Cities And Their Respective Effect On Crime Rates, Adam R. Schutt
Sanctuary Cities And Their Respective Effect On Crime Rates, Adam R. Schutt
Undergraduate Economic Review
According to the U.S. Center for Immigration Studies (2017), cities or counties in twenty-four states declare themselves as a place of “sanctuary” for illegal immigrants. This study addresses the following question: Do sanctuary cities experience higher crime rates than those cities that are not? Using publicly available data, this regression analysis investigates the relationship between crime rates in selected cities and independent variables which the research literature or the media has linked to criminal activity. Results of this research reveal that sanctuary cities do not experience higher violent or property crime rates than those cities that are not sanctuary cities.
Recessions Or Partisanship: What Explains Climate Skepticism In The U.S.?, Abhishek S. Sambatur
Recessions Or Partisanship: What Explains Climate Skepticism In The U.S.?, Abhishek S. Sambatur
Undergraduate Economic Review
This paper investigates the variations in public mood pertaining to climate skepticism and attempts to empirically assess whether economic recessions or partisanship help explain aggregate-level trends and movements across a 16-year time horizon. Public survey data from the iPoll and Gallup Organization were used to construct the Climate Change Skeptic Index (CCSI) that served as a proxy to capture public opinion trends in skepticism across the U.S. A two-part vector autoregressive model suggests that while economic recessions might be causally linked to climate skepticism, partisanship plays a more influential role in explaining it over time. The key result is that …
A Statistical Analysis Of Economic Perceptions In The 2015 United Kingdom General Election, Amarvir Singh-Bal Mr.
A Statistical Analysis Of Economic Perceptions In The 2015 United Kingdom General Election, Amarvir Singh-Bal Mr.
Undergraduate Economic Review
This paper characterises the vote which took place in the United Kingdom's (U.K.) 2015 General Election as an ‘accountability instrument.’ In doing so, the research interrogates which sections of the electorate hold the incumbent government more accountable for economic outcomes between the 2010 and 2015 U.K. General Elections. The Rational Choice Theory and the Michigan Model are used in this study to present two interlinked, and yet distinct, hypotheses – that less politically informed and non-partisan voters are more likely to hold the government accountable for economic performances; compared to the politically informed and partisan voters within the electorate. Implementing …
The Effect Of New York City Sports Outcomes On The Stock Market, Nir Levy
The Effect Of New York City Sports Outcomes On The Stock Market, Nir Levy
Undergraduate Economic Review
This thesis investigates whether sports outcomes for New York City based teams affect the daily returns, volatility or trading volume of major stock indexes in the United States. I research whether events that affect local mood in a major financial center can influence national stock indexes by swaying the sentiment of workers in the financial sector. By performing an event study I found evidence that returns are abnormally high following championships won by New York City professional sports teams. Returns are abnormally low and volume is abnormally high following elimination from a championship round.
Analyzing Options Market Toxicity And The Black-Scholes Formula In The Presence Of Jump Diffusion As Simulated With Agent-Based Modeling, William D. Elliott
Analyzing Options Market Toxicity And The Black-Scholes Formula In The Presence Of Jump Diffusion As Simulated With Agent-Based Modeling, William D. Elliott
Undergraduate Economic Review
This paper presents new and significant research on the Black-Scholes Formula using the agent-based modeling software NetLogo. The software was used to simulate an options market subject to jump diffusion. Since the widely-used Black-Scholes Formula has at times proven unreliable, this research sought to understand circumstances that render the formula ineffective. It was hypothesized that markets would become difficult to trade in or “toxic” at low price volatility but high jump volatility. Further, it was predicted that kurtosis would alert the presence of toxic markets by accurately and consistently conveying whether jump diffusion was present.