Econometrics Commons^™

Beyond The Arc: Investigating The Impact Of 3-Point Shots On Nba Revenue: An Empirical Analysis, Cameron Bolduc

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the impact of Stephen Curry’s revolution of the three-point shot and its impact on NBA’s revenues. The study will incorporate the five years prior to Stephen Curry’s back-to-back MVP’s and the five years after those MVP’s. The model will examine three-point makes and percentage per game, along with a player’s effective field goal percentage, as well as playoff wins and attendance in home games. The study’s results showed that in the five years after Stephen Curry changed the game and won his MVPs, the three-point shot was a big driver in a team’s revenue. These results do …

Broken Asset Bubbles: The Factors Affect Japan's Economy From Prosperity To Decline, Mark Yang

Empirical Economic Bulletin, An Undergraduate Journal

Japan was in the most prosperous period of the economy in the 1980s, during which the GDP growth rate of Japan was high-speed, and the economic scale of Japan was second only to the United States in the world. Japan became the second largest economy in the world. But the boom was the unsustainable illusion of a bubble economy of rising house and stock prices. In the early 1990s, the collapse of Japanese real estate and stock market prices severely affected the Japanese economy, leaving many banks and companies heavily indebted. Japan's economy fell into a decade-long stagnation known as …

A Cross-Section Analysis Of Factors Affecting Interstate 11 Migration In The United States, Kasey Thomas

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the factors influencing interstate migration in the United States of America. This study incorporates political affiliations and income and property tax policy into an existing migration determinants model. This is done to examine the influence of policy or potential future policies on an individual’s decision-making in addition to household factors. The greatest factors influencing an individual's decision to move are the average January temperature, the income tax rate, and the number of hazardous waster sites in the state.

The Causal Nexus Between Government Expenditure On Education And Individual Savings Behavior In Argentina, Amanda Spielman

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the possibility of interdependence between education and savings by looking at the relationship between a country’s government expenditure on education and the saving rate. Public education expenditure has been studied as an explanatory variable for economic growth, but similar studies determining its impact on household savings behavior are lacking. This research looks to determine Granger Causality using the Vector Error Correction Model between this measure of the quality of education and savings rate for Argentina. The results show bidirectional causality between the savings rate and government expenditure on education, as well as unidirectional causality with government expenditure …

What Gives? Trust, Risk, Altruism, And Reciprocity Across 76 Countries, Sherwin Mosavat

Master's Theses

Abstract:

The decades-long literature pertaining to gender-specific preferences lies at the intersection of economics and psychology with a primary focus on the correlation between economic development and gender-specific preferences. Better understanding of this correlation has helped researchers understand how individuals make decisions for their education, finances, and occupation. Falk & Hermle (2018) assess the correlation between GDP and various gender-specific preferences including trust, risk, altruism, and reciprocity. In order to better understand the relationship between economic development and gender-specific preferences, I expand on the Falk & Hermle 2018 framework by introducing new macroeconomic, prosocial, and cultural variables as additional explanatory …

Analysis Of Inequality In Household Internet Utilization And Policy Implications, Shanisara Chamwong, Thoedsak Chomtohsuwan, Narissara Charoenphandhu

Journal of Demography

This research investigates the pervasive inequality in household internet access and use that contributes to the digital divide. As the internet becomes an integral part of daily life, variations in access and use carry significant implications for social and economic opportunities. A quantitative approach is applied, analyzing data from The National Statistical Office of Thailand to capture a comprehensive understanding of inequality in household internet access and use, as measured by the Gini coefficient. Five aspects of internet access and use are considered as the determinants of inequality, including internet connectivity, internet affordability, internet quality, device availability, and flexibility and …

Exploring The Relationship Between Load Shedding And Crime In Gauteng, Bhavesh Ram

Master's Theses

This study investigates the impact of load shedding, a recurring power outage phenomenon in South Africa, on crime rates in the densely populated Gauteng province. Using a novel dataset that combines Eskom's load shedding schedules with detailed crime statistics from 2015 to 2022, a fixed-effects regression model is employed to examine the relationship between blackout hours and various crime categories. Findings reveal that while load shedding does not significantly affect overall crime rates, it significantly increases the incidence of contact crimes and sexual offenses, particularly during daylight hours. Additionally, our results provide evidence that load shedding diminishes the ability of …

Leveling Up Financial Literacy: Evidence From Game-Based Intervention With Aspiration Treatment Amongst Rural Women In India, Akash Shaji

Master's Theses

In India, rural women exhibit notably low financial literacy levels, necessitating effective and scalable educational interventions. Our randomized controlled trial evaluated a novel approach, combining game-based financial literacy education with a video documentary-based aspirations intervention, targeting women in self-help groups in Karnataka. The study included 348 participants and employed an ANCOVA model adjusted for clustering to analyze the effects. The results demonstrate significant improvements in financial literacy and aspirations, particularly when interventions are combined. The game-based intervention alone significantly enhanced digital literacy, financial confidence, and behavioral indices such as agency, pathways, and aspirations. The aspirations intervention also independently affected financial …

Matrilineal Ethnic Affiliation And Female Empowerment: Investigating Attitudes Towards Female Autonomy And Health In Ivorian Households, Martine Hind Stølan

Master's Theses

Kinship structure is a fundamental aspect of anthropology, however, there is still a gap in literature on its impact on economic research, particularly regarding female autonomy and health. This study aims to address this gap by examining the influence of matrilineal ethnic affiliation on attitudes towards female autonomy and health within Ivorian households. Using data from the 2011 IPUMS Demographic and Health Survey for the Ivory Coast, using female responses, this study investigates the complex dynamics shaping attitudes towards female autonomy and access to health care. Analysis on these aspects is done using ordinary least squares (OLS) and logistic estimations. …

Does Dollarization Have An Impact On Economic Growth?, Jorge Robinson

Research Day

Many developing and undeveloped countries, grappling with issues such as hyperinflation, corruption, high unemployment rates, poverty, and financial instability, often view dollarization as a potential solution. Dollarization involves adopting the US currency as the official or parallel currency, a strategy observed in countries like El Salvador, Ecuador, and Zimbabwe. The purpose of this research is to compare the impact of dollarization on real gross domestic product (RGDP) to that of countries that did not adopt dollarization. My results indicate that dollarization does indeed affect economic growth. These findings demonstrate that dollarized countries experience a higher percentage change in RGDP compared …

Reinvigorating Gva Nowcasting In The Post-Pandemic Period: A Case Study For India, Kaustubh Na, Soumya Suvra Bhadury, Saurabh Ghosh

Bulletin of Monetary Economics and Banking

We reinvigorate nowcasting models considering structural changes caused by the COVID-19 pandemic. It emphasizes the need to understand the heterogeneous impact of shocks on agriculture, industry, and services sectors in an emerging market economy (e.g., India). Our findings advocate a bottom-up approach that tracks sectors separately rather than a headline number. Our results suggest including digital-activity index and supply-side disruption index in the post-pandemic period could improve nowcast performance. Expectation-Maximization (E-M) algorithm is used to combine data series based on their availability. Among bridging methods, the averaging method is preferred due to its simplicity and flexibility.

Horizontal Economic Inequality And Mass Atrocity Risk: A Large-Sample Empirical Inquiry, Charles H. Anderton, Roxane A. Anderton

Genocide Studies and Prevention: An International Journal

Our research question is: Does inter-group horizontal economic inequality elevate state-perpetrated mass atrocity risk? Theoretical perspectives in genocide studies show how economic and other forms of discrimination against ethnic or religious groups can elevate the risk of government violence against them. Among the approximately five dozen large-sample empirical studies of mass atrocity risk, only a few consider the effects of economic discrimination. Moreover, no large-sample empirical studies, to the best of our knowledge, test hypotheses related to how inter-group horizontal economic inequalities (as distinct from vertical economic inequalities based on GINI coefficients or quantile income or wealth measures) affect mass …

Performance And Policy Indexes In Carbon Pricing Efficacy: A Cross-Country Analysis Of Policy Impact (2012-2020), Ke (Zoky) Zhou

Honors Theses

Climate change poses a significant threat to global ecosystems and human societies, driven largely by CO2 emissions from various economic activities. This macroeconomic cross-country study empirically assesses the effectiveness of carbon pricing in reducing CO2 emissions across three periods: 2012-2017, 2015-2019, and 2015-2020. Building on the foundational research by Best et al. (2020), the analysis extends to more recent data, capturing the evolving impacts of carbon pricing amid changing global economic and policy landscapes. A key advancement in this research is the creation and integration of two comprehensive indexes—a performance index and a policy index—constructed from 14 environmental performance or …

Improving American Men's Quality Of Life By Economically Empowering American Women, Margot Rosenblatt

Scripps Senior Theses

In this paper, I explore the relationship between women’s economic empowerment and men’s quality of life in the United States. I created an index of women’s economic empowerment based on county-level data on labor force participation rates, rates of pay, teen birth rates, and families in which a woman is the primary income earner. I then created an index of men’s quality of life based on financial, physical, and mental health indicators. Adjusting for income, dominant industry type, age, population density, race variables, and environmental factors, I found a statistically significant positive correlation between women’s economic empowerment and men’s quality …

Impact Of Forest Plantations On Energy Poverty: An Assessment Of Reforestation Efforts In Uganda, Matilda Kabutey-Ongor

Graduate Student Theses, Dissertations, & Professional Papers

This study investigates the socio-economic impacts of reforestation initiatives on energy poverty in three Ugandan districts—Hoima, Dokolo, and Nakasongola. Implemented by the Ugandan National Forest Authority, these efforts aim to mitigate the adverse effects of deforestation, exacerbated by a growing population and increased demand for forest products. We hypothesize that through sustainable afforestation, access to biomass and other renewable energy sources can be improved, thereby alleviating energy poverty. The study establishes a causal relationship between reforestation and reductions in energy poverty and general poverty using advanced econometric methods, such as Ordinary Least Squares regression, Weighting, and matching techniques including Propensity …

Reducing Food Scarcity: The Benefits Of Urban Farming, S.A. Claudell, Emilio Mejia

Journal of Nonprofit Innovation

Urban farming can enhance the lives of communities and help reduce food scarcity. This paper presents a conceptual prototype of an efficient urban farming community that can be scaled for a single apartment building or an entire community across all global geoeconomics regions, including densely populated cities and rural, developing towns and communities. When deployed in coordination with smart crop choices, local farm support, and efficient transportation then the result isn’t just sustainability, but also increasing fresh produce accessibility, optimizing nutritional value, eliminating the use of ‘forever chemicals’, reducing transportation costs, and fostering global environmental benefits.

Imagine Doris, who is …

Modelling The Naira Exchange Rate Dependence Using Static And Time-Varying Copula, Kabir Katata

CBN Journal of Applied Statistics (JAS)

This paper examines the dependence structure of different currencies versus the Nigerian Naira using constant and time-varying copula. Daily Naira/USD, Naira/Yuan, Naira/Pound, and Naira/Euro exchange rates from 23 December 2011 to 12 May 2020 were utilised. We fitted eight constant and time-varying copula families using the exchange rate standardised residuals. The study finds that the Naira exchange rate may be estimated with student t-copula, Symmetrized Joe-Clayton (SJC), or Rotated Gumbel copula models and Autoregressive (AR)– Glosten Jagannathan RunkleGeneralized Autoregressive Conditional Heteroscedastic (GJR-GARCH) (1,1) models with skewed t residuals for margins. The Naira exchange rate returns is timevarying, tail-dependent, and asymmetric. …

External Debt Pass-Through To Inflation In Nigeria, Emmanuel A. Asue, James V. Ikyaator

CBN Journal of Applied Statistics (JAS)

This study examines external debt pass-through to inflation in Nigeria using annual data from 1981 to 2020 based on structural vector autoregressive (SVAR) model. The results reveal that an increase in external debt service leads to a significant depreciation of the exchange rate, which leads to a contemporaneous increase in inflation, while the direct response of inflation to external debt is statistically not significant. The impulse response confirms these results. The forecast error variance decomposition depicts that future values of official exchange rate depend on external debt, inflation and external debt service. The study recommends that the Nigerian government should …

Financial Inclusion And Poverty Reduction In Nigeria: The Role Of Microfinance Institutions, Okwudili W. Ugwuoke, Oliver E. Ogbonna, Aye-Agele Freeman

CBN Journal of Applied Statistics (JAS)

This study investigates the role of microfinance institutions as a vehicle for driving financial inclusion and alleviating poverty in Nigeria using the EFinA 2018 household survey data. The probit model, propensity score matching, and average treatment effect methods are applied for the analyses. The study finds that financial inclusion driven by access to, and usage of products/services provided by microfinance institutions reduces poverty. The study recommends among others the need for increased access to microfinance products/services and an integrated poverty reduction policies that identifies microfinance institutions as a critical enabler

Will The Philippine Development Plan 2023-2028 Targets Be Met?, Jesus Felipe

Angelo King Institute for Economic and Business Studies (AKI)

EARLY THIS YEAR, President Ferdinand Marcos, Jr. signed the Philippine Development Plan 2023-2028 (PDP). The document contains hundreds of targets. Some of the key targets to be attained by 2028 are as follows (in fact, the Plan provides yearly targets):

1.) an annual growth rate of 6.5-8% (since 2024); 2.) a gross national income per capita of $6,044-$6,571 (50% higher than that in 2023); 3.) inflation between 2%-4% (from 2.5%-4.5% in 2023); 4.) a government fiscal deficit of 3% (from 6.1% in 2023); 5.) a debt-to-GDP ratio of 48%-53% (from 60%-62% in 2023); 6.) an unemployment rate of 4%-5% (from …

How Global Value Chains Affect Economic Output And Unemployment: An Empirical Evidence From Asean Countries, Sri Juli Asdiyanti Samuda

Bulletin of Monetary Economics and Banking

This paper examines the effects of Global Value Chains on economic output and unemployment in ten ASEAN countries from 1999 to 2018. This study provides estimation using the system GMM and panel causality test to determine the effect of GVC thoroughly. The results indicate a positive and significant effect of global value chains on economic output in ASEAN countries. However, the findings also show that global value chains increase unemployment during the observation period. Heterogenous panel non-causality findings suggest that economic output does not affect the level of participation of GVC, but unemployment affects the level of participation in ten …

Understanding Factors Influencing Electric Vehicle Adoption: Evidence From Panel Data Analysis, Ryker Brian

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper investigates the factors influencing the adoption of electric vehicles (EVs) using panel data from California. The analysis employs a panel data model with within effects to examine the relationship between EV adoption rates and various socio-economic factors. The continued analysis gives out-of-sample forecasted results for the 4 counties with the highest share of electric vehicles registered in 2021. Additionally, the paper explores the influence of supply-side issues and complementary infrastructure on EV adoption. An introduction to Hidden Markov Methods is then given as the next step in the research.

Monitoring The Philippine Economy State Of The Economy Report, Mitzie Irene P. Conchada, Lawrence B. Dacuycuy, Jesus Felipe, Desher Edgar Empeño, Brendan Emmanuel A. Miranda

Angelo King Institute for Economic and Business Studies (AKI)

The Philippine economy recovered from the COVID-19 pandemic during 2022. It posted a very high annual growth rate, 7.6%, although this must be understood in the context of a low base. AKI’s State of the Economy Report focuses on three issues in the context of the new Administration’s 8-Point Socioeconomic Agenda and the Philippine Development Plan 2023-2028: growth, inflation, and the fiscal deficit and national debt. Overall, we have a positive view of the economy over the medium and long-term. However, we argue that:

-The focus of economic policy has to shift decisively toward changing the structure of the economy …

Food Price And Inflation Adjustments In Nigeria: Evidence From Threshold Cointegration, Usman A. Bello, Aliyu R. Sanusi

CBN Journal of Applied Statistics (JAS)

This paper investigates two stages of transmission through which inflation stabilization policy affects headline inflation by estimating a threshold cointegration model. The paper finds that asymmetric monetary shocks passing-through food prices exerts inflationary pressure on consumer prices, and is characterized by deep asymmetric movement, large degree of stickiness in adjusting downward, while exhibiting upward momentum in correcting food price fall. In addition, asymmetries were found in consumer price adjustment as food price shock transmits substantial inflationary pressure to consumer prices, while disinflationary effect originating from a fall in food price is inconsequential. The coefficients of adjustment were found to be …

Modelling The Impact Of Government Expenditure On Economic Growth In Nigeria: The Moderating Effects Of Oil And Non-Oil Revenue, Victor U. Ijirshar, Gaius M. Asombo, Florence D. Bundepuun, Ashifa Tersugh, Ayila Ngutsav

CBN Journal of Applied Statistics (JAS)

This study examines the relationship between government expenditure and economic growth and assesses the moderating effects of oil revenue and non-oil revenue in Nigeria from 1981 to 2021. The study uncovered short-term asymmetry in the government expenditure-economic growth nexus while the long-term relationship was symmetric. The study found that government expenditure is a significant determinant of economic growth in Nigeria and that oil and non-oil revenue influences the nexus between government expenditure and economic growth in Nigeria positively. The study recommends efficient management of oil revenue, directing investments during high revenue periods and ensuring fiscal sustainability. Government should also establish …

Improving The Efficiency Of Exponential Ratio-Type Estimator For Population Median: A Calibration Weight Adjustment Approach, Mathew J. Iseh, Kufre J. Bassey

CBN Journal of Applied Statistics (JAS)

This paper modifies the Bahl and Tuteja exponential ratio-type estimator for population median under simple random and stratified sampling schemes using calibration weight adjustment technique with supplementary information to vary the stratum weights. The bias and mean square error of the modified estimator were obtained up to the second-order approximation, which satisfies the necessary conditions for efficiency. The findings show that the new estimator surpasses existing estimators in efficiency gain. This suggests the appropriateness of calibration weight modification in boosting the efficiency of a population parameter estimator under stratified random sampling especially where the population parameter of the auxiliary variable …

Feeling The Heat: Heterogeneous Treatment Effects Of Heat On Human Cooperation, Scott K. Klaus

Master's Theses

The goal of this paper is to examine how increased temperatures affect human behavior in terms of cooperation. Currently, there is an abundance of literature regarding increased aggression in humans as temperatures rise. However, there is ambiguity concerning whether a similar effect exists in altering levels of cooperation in human interactions. Additionally, people of different characteristics may be influenced by heat at varying levels. First, we run a baseline model of prosociality on different heat measurements, such as standard and wet-bulb temperatures. Included in this model are experimental specification variables, a “trigger”, and characteristics. The trigger is defined as losing …

Sweet And Timely Insurance: The Role Of Honey In Reducing Coffee Producer Food Insecurity Exposure In Mexico, Grant Xavier Storer

Master's Theses

Smallholder coffee producers face a combination of pre- and post-harvest risk factors that leaves them particularly vulnerable to food insecurity. A popular form of on-farm diversification is honey production through beekeeping, that has both nutritional and commercial value. This study investigates the role of honey production as means of food security management due to the heightened pollinating activity during the coffee flowering stage that follows the annual coffee harvest provides an additional non-contemporaneous source of income. Using primary data collected in coffee-producing regions of Chiapas, Mexico, I find that during the honey harvest months, which occurs during the early stage …

Early Life Exposure To Enso And Adult Human Capital, Ashley J. Stewart

Master's Theses

Do El Niño Southern Oscillation conditions during a woman's early childhood lead to negative health outcomes in adulthood? This study poses as an extension of the 2021 paper by Anttila-Hughes et al. titled “ENSO impacts child undernutrition in the global tropics” and utilizes data from the same DHS, UDEL temperature and precipitation, and NOAA Center for Weather and Climate Prediction datasets. It proposes to investigate whether the undernutrition effects found in children persist into adulthood by measuring the effects on their mothers and the intergenerational effects on their offspring. Results indicate that a 1℃ increase in sea surface temperatures in …

Bitcoin Price Dynamics: A Multiple Regression Analysis Of Market Variables, Zachary S. Biedscheid

2023 Symposium

Bitcoin, a decentralized digital currency (property), has gained significant attention recently as a potential alternative to traditional financial systems. This research project aims to explore the market variables of Bitcoin by conducting a multiple regression analysis. The literature review highlights market dynamics and the impact of Bitcoin in economics and finance, specifically in banking and monetary systems. It explores Bitcoin's decentralized nature and limited supply as a more secure and stable form of money, contrasting it with the flaws and inefficiencies of centralized banking systems. The dataset provides information on the Bitcoin market from July 23, 2010, to April 16, …