Econometrics Commons^™

An Empirical Analysis On The Effects Of Fbs College Football Success On Undergraduate Enrollment From 2000 To 2014, Liam Rice

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the theoretical connection between FBS College Football success and the undergraduate enrollment of schools in the Northeastern United States. With multiple texts qualitatively discussing the positive effects a winning football culture has on the amount of applicants an institution receives, this study attempts, using panel data, to discover quantitative connections in this field. Utilizing data from over 19 FBS colleges and universities from 2000 to 2014, this study finds that there is a significant, positive connection between undergraduate application rates and football wins, as well as championships. This study lays the foundation for future studies into the …

Does Economic Freedom Promote Standard Of Living Across Countries With Different Income Levels?, George Ossei

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the possibility of a relationship between economic freedom and standard of living across countries with different income classifications. The study incorporates population with access to improved water supply sources, sanitation facilities, electricity and the internet, as well as foreign aid into the Kosack model of aid effectiveness. This is done in order to examine their effects on HDI.

Factors That Influence Economic Growth In Brics Member Countries And Oecd Developed Countries: A Panel Data Analysis, Xuran Zhang

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the factors that affect economic growth in developed nations, such as the U.S., the United Kingdom, France, Germany, Australia and others. It also includes developing countries such as Brazil, Russia, India, China and South Africa (BRICS). This study incorporates several independent variables to examine their influence on economic growth in these two groups of nations. The study looks at contributing factors for economic growth, such as life expectancy, primary education, secondary education, expected import, expected export, population growth rate, FDI level, and public expenditure, using macro-level data from two sources: the World Bank and the Organization of …

The Effects Of Foreign Aid On Income Inequality In Africa, Sierra Moore

Empirical Economic Bulletin, An Undergraduate Journal

This paper examines the correlation between donations of foreign aid given to African countries and the income inequality, measured using the Gini coefficient, within those countries. A panel method is used in order to analyze trends in a number of countries over a period of time. The independent variables in this study are official developmental assistance, income group, inflation measured by CPI, polity, GDP per capita growth, and population growth. The results of this study show a negative relationship between foreign aid and income inequality, which is consistent with recent studies on the effectiveness of aid.

The Effects Of Tax Rates, Technology, And Quality Of Life On Standard Of Living In Developed Countries, Benjamin Jackson

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the relationship between tax rates, technology, and the quality of life on the standard of living in developed countries over time. The study uses an econometric model to understand and quantify these relationships. Standard of living will be measured by PPP GDP in this study. The results show the most significant variables that impact the standard of living are life expectancy at birth, openness to trade, the domestic savings rate, and corruption.

Education Spending And The Lottery In The Western United States: A Panel Data Analysis, Erica Vendituoli

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the relationship between the existence of a state lottery and state education spending. When consumers participate in the lottery, it is often with the assumption that even if they lose, their money will be contributed to state funded programs like education. This study looks at ten states in the west that have a variety of lottery circumstances. Both education expenditure as a percent of total state expenditure and per pupil aid are used to measure education funding. This research also incorporates multiple independent variables to fully capture the determinants of education spending. The results of this study …

The Effects Of The Affordable Care Act’S Individual Mandate On Ethnic And Racial Minorities, Zack Cyr

Empirical Economic Bulletin, An Undergraduate Journal

This paper examines the quantitative impact of the Affordable Care Act’s (ACA) individual mandate on health insurance coverage rates. This study will include race, ethnicity, and immigration status into a conventional model for predicting insurance coverage rates. This will illustrate the groups in the US population that may have been most influenced by the individual mandate, and potentially experienced the largest changes in coverage rates under the ACA. The data utilized in this research is in two pools, 2010-2011 and 2013-2014, as these are the years preceding the ACA’s implementation and directly after. The results reveal that while there was …

Effects Of Globalization On Inequality In Latin America, Andrew T. Kebalka

Empirical Economic Bulletin, An Undergraduate Journal

This paper explores the relationship between globalization and inequality in Latin American countries. The study uses a number of different globalization indicators in conjunction with the globalization index developed by Dreher (2006). The study works to identify whether globalization has effect income equality and whether specific components of globalization have a greater magnitude of impact on inequality over others within the region. The conclusion of the study is that GDP per capita, foreign direct investment, and trade intensity have the greatest effects on income inequality.

Banking Subsector Output And Real Gdp Growth In The United States: A Time Series Analysis, Alexander Ellwanger

Empirical Economic Bulletin, An Undergraduate Journal

This study investigates which variables in the banking subsector in the United States may have a statistically significant relationship with Real GDP. Taking into consideration the Bureau of Economic Analysis method of calculating banking output from 2004, this study carefully evaluates key variables that contribute to the banking sector and whether these key variables are statistically significant in any way that can help guide investors, policymakers, and the government in the growing challenge to maintain economic stability in the United States. This study found that there was a statistically significant relationship between Tier 1 Risk Based Capital and Real GDP …

Corruption’S Impact On Government Health And Education Expenditures, Shaun Rolph

Empirical Economic Bulletin, An Undergraduate Journal

The purpose of this paper it to identify how corruption can impact government expenditures, specifically education as a percentage of GDP, educational as a percentage of total government expenditures, health as a percentage of GDP, and health as a percentage of total government expenditures. The independent variables in which will be used for this model are: Corruption Perception Index, Worldwide Governance Indicators, and Polity IV. Through the time period of 2005 to 2014, this research is a global panel study that looks at income group and regional analysis. Comparisons will be made from the correlation of the variables between country …

Evaluation Of Monetary, Fiscal And External Inflationary Sources In Nigeria, Samson A. Aladejare

Journal for the Advancement of Developing Economies

This study focuses on evaluating the monetary, fiscal and external inflationary sources in Nigeria. The Auto-Regressive Distributive Lag estimation technique was adapted to capture these effects. Empirical findings of the study showed that overall, the main determining cause of inflation in both short run and long run periods in Nigeria, are more of monetary and external factors and less of fiscal sources. Specifically, the problem of inflation in Nigeria appears to be more of structural phenomenon than monetary in the short run. However, in the long run, combinations of monetary and external factors tend to be the major cause of …

Land Tenure, Governance And Accountability In Nigeria: The Implications On Food Production To Feed The Present And The Future, Abiodun E. Obayelu, Aisha O. Arowolo, Olatokunbo H. Osinowo

Journal for the Advancement of Developing Economies

Land is very vital for agricultural production, and for any nation that wants to be self-food sufficient. Different land reforms have taken place in Nigeria since 1960 with the aim of facilitating access to agricultural land, and make the nation self-sufficient in food production, but little changes have only been recorded. Bureaucracy by approving authorities in practice in communities where land is situated still hinders land acquisition for agricultural investment. This study therefore analyzes land policy, governance and accountability and draw out some implications on food production in Nigeria. The percentage of arable land to the total land area was …

Internal Control Activities As A Tool For Financial Management In The Public Sector: A Case Study Of Ghana Post Company Limited, Kwakye E. Agyapong

Journal for the Advancement of Developing Economies

The case, Ghana Post Company Limited, allows for the observation of internal control activities as a tool for financial management in the public sector. The objective of the research is to examine the control environment of the Ghana Post Company to ensure there is segregation of duties, proper information and communication between employees and management; and monitoring of the policies implemented by management. The sample size of 36 included individuals from all of the departments within the company. The departments are Auditing and Finance, Human Resource, Mail and Parcels, and Financial Services. The work established had continued lapses in the …

Determining Yuan Valuation- An Extension Of The Imf External Balance Assessment Approach, Shantanu A. Banerjee

Undergraduate Economic Review

This paper applies the IMF EBA methodology to a China-specific time series analysis, using a 2SLS instrumented regression with Newey-West standard errors to determine the policy gap that results from PBOC intervention. We find the impact of reserve accumulation to be more significant in magnitude than indicated by the EBA, demonstrating a modest improvement in accuracy with the introduction of central bank liquidity swaps as a novel instrument. Evidence of a long term equilibrium relationship is also found between the real effective exchange rate and reserve accumulation, with the presence of medium level capital controls.

The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee

Dissertations

This study measures the impact that electrical outages have on manufacturing production in 135 less developed countries using stochastic frontier analysis and data from World Bank’s Investment Climate surveys. Outages of electricity, for firms with and without backup power sources, are the most frequently cited constraint on manufacturing growth in these surveys.

Outages are shown to reduce output below the production frontier by almost five percent in Africa and by a lower percentage in South Asia, Southeast Asia and the Middle East and North Africa. Production response to outages is quadratic in form. Outages also increase labor cost, reduce exports …

Worker Cooperatives As An Innovative Strategy To Address Income Inequality?, Bryan Titzler

Student Research – Stevenson Center

This project explores the relation between the magnitude of the cooperative sector and the degree of income inequality in a country. After a somewhat selective consideration of the possible linkages between the size of the cooperative sector and income inequality, and using Gini as the primary measure for income inequality and two proxies for the size of the cooperative sector, an empirical exploration is done in three ways. First, simple plots are used to judge the gross relation between Gini and each of the two proxies for the size of the cooperative sector. Both plots show a perceptible negative relation. …

The Effects Of Globalization On An Emerging Economy: The Case Of South Africa, Oluwasheyi S. Oladipo

Dissertations, Theses, and Capstone Projects

This dissertation examines how globalization influences selected aspects of an emerging economy, using South Africa as a case study. The dissertation consists of three chapters: two microeconomic studies and one macroeconomic paper on the effects of globalization on some of the factors affecting economic growth. One micro paper explores the impacts of openness on inequality (Chapter 1), another investigates the impacts of trade liberalization on manufacturing sector wages (Chapter 2), and the macro study, which is the final chapter, examines the effects of inflation targeting on exchange rate pass through to domestic prices (Chapter 3).

In 1994, apartheid ended in …

Behavioral Determinants Of Biofortified Food Acceptance: The Case Of Orange-Fleshed Sweet Potato In Ghana, Chinonso E. Etumnu

Master's Theses

Biofortified foods are being introduced in sub-Saharan Africa as an important strategy to help address micronutrient malnutrition. However, there has been little research on factors that could play decisive roles in their successful introduction. This paper investigates the determinants of consumer acceptance of biofortified orange-fleshed sweet potato (OFSP) using data from a choice experiment conducted in Ghana. I find that OFSP is preferred to traditional white-fleshed and yellow-fleshed sweet potatoes as indicated by consumers' marginal willingness to pay for the three varieties. I also find that respondents' socio-economic characteristics do not have a significant effect on consumer acceptance of OFSP. …

Savings Groups And Banks: Complements Or Substitutes? Financial Inclusion In Rural Tanzania, Shirleen Rubangura Teta

Master's Theses

Abstract: The substantial increase in the number savings and credit groups as well as microfinance institutions over the past years suggests that individuals in the developing world have progressively become aware of the importance of access to financial services. This study adds to the existing literature on the function of savings and credit groups in places with lower use of formal financial services and inform us whether these groups are a possible substitute or complement for formal financial services (banks) within low-income communities. Based on household data collected in Tanzania in 2013, this paper attempts, using two different estimations, a …

The Investment Casualties Of War: Global Impacts Of Armed Conflict On Foreign Direct Investment Inflows, Reinhard J. Cate Mr.

Master's Theses

Abstract: Involvement in the outbreak of an armed conflict can present a variety of potential risks to an involved nation’s economy. In this paper I examine if one one of those risks, specifically that a new war could scare away foreign investment actually occurs and whether the intensity of the conflict increases or lessens the potential impact. Using ordinary least squares on panel data from 1966 to 2015, I examine the short and long term impacts of armed conflict on global foreign direct investment (FDI) inflows using two measures of conflict intensity: Large conflicts or ‘wars’, with 1000 or more …

Does Infant Formula Availability Reduce Breastfeeding?, Ingvild Madsen Lampe

Master's Theses

Abstract: Several key studies highlight the importance of breastfeeding and there is a broad consensus that it plays a crucial role for a child's health and cognitive development. This is especially true for the poor in developing countries, where vulnerable infants' access to proper nutrition is vital. We investigate the effect of introducing infant formula into a market on changes in breastfeeding patterns. Using the Demographic Health Surveys and annual reports from the baby food industry between 1981 and 2002 in 11 tropical countries, we find evidence that import of infant formula significantly reduces breastfeeding duration. The effects are stronger …

Geospatial Modeling Of Vietnamese Fdi, Cuong Nguyen Tien

Theses and Dissertations

This thesis sets a goal to analyze and project geographically disaggregated measures of FDI using aggregate data. We regress the country level FDI with aggregate, fine geospatial data on GDP, urban extent, and risk. By disaggregating the model, we will predict the FDI flow in every 1000 square kilometer area.

Prices, Markups, And Trade Reform, Jan De Loecker, Pinelopi K. Goldberg, Amit K. Khandelwal, Nina Pavcnik

Dartmouth Scholarship

This paper examines how prices, markups, and marginal costs respond to trade liberalization. We develop a framework to estimate markups from production data with multi‐product firms. This approach does not require assumptions on the market structure or demand curves faced by firms, nor assumptions on how firms allocate their inputs across products. We exploit quantity and price information to disentangle markups from quantity‐based productivity, and then compute marginal costs by dividing observed prices by the estimated markups. We use India's trade liberalization episode to examine how firms adjust these performance measures. Not surprisingly, we find that trade liberalization lowers factory‐gate …

Mortality And Conflict In The Developing World, Stephen Partin

Student Scholarship - College of Business

To varying extents, the world one is born into does not provide equal opportunities. This study measures the extent to which survivability across the developing world is affected by factors outside of the health and lifestyle choices one can make: industry, foreign markets, conflict, and the demographics around them. These variables are tested for a balanced panel of 102 countries over 7 years, allowing country-specific factors to be controlled.

A Panel Data Analysis On Globalization And Income Inequality, Dave Mclean-Shinaman

Empirical Economic Bulletin, An Undergraduate Journal

The paper investigates the relationship between globalization and income inequality using a comprehensive set of variables. It uses a panel data analysis of 51 countries over the time period of 2000-2013. The independent variables included are globalization, economic growth, education, economic freedom, and urbanization. Overall, the results suggest that globalization, as well as economic freedom and urbanization, have a significant impact on income inequality within developing nations. However, they differ in their effect on income inequality. Globalization is shown to decrease income inequality while economic freedom and urbanization in turn widen the income distribution gap. Meanwhile, results also suggest that …

Revisiting Government Size And Economic Growth: Does Institutional Quality Matter?, Julio Diaz

Empirical Economic Bulletin, An Undergraduate Journal

This paper revisits the relationship between government size and economic growth depending on the public sector quality. In this paper, an econometric panel study on a sample of 12 Latin American countries covering 1996-2013 period. It is important to note that the data has its limitation and may affect the quality of the study. The results show no significance in the relationship between government size and economic growth at any level institutional quality. These findings show a negative relationship between government size and economic growth. In addition, the results show a dependency between government size and corruption.

Tip-Off Titans: Hedonic Price Analysis Of Autographed Nba Memorabilia, Jeffrey Girgenti

Empirical Economic Bulletin, An Undergraduate Journal

Studies have explored the economics surrounding the emergence of superstars, but relatively little research exists on the associated memorabilia markets. Using a sample of autographed artifacts, on sale through an internet outlet, hedonic analysis is used to gain insight into the significant characteristics of price determination. The data consists of current and former autographs of National Basketball Association (NBA) players on photographs. This study explores price differences with respect to a number of independent variables related to the artifact and player status. A notable difference emerges among framed and limited edition pieces, and pieces signed by top-ranked players.

Corruption And Economic Growth In The Brics: An Empirical Analysis, Iemanjá Dos Santos

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the relationship between corruption and economic growth in Brazil, Russia, India, China and South Africa; collectively known as the BRICS. Given the rapid rise of the BRICS and the international spotlight placed on them, this research study aims to explore the effect corruption has on the GDP growth of the states. To do this, a time-series analysis is conducted on each of the five states in order to analyze corruption’s effect on the individual countries. It is found that corruption only holds significance in Brazil and Russia, however, whilst there appears to be an inverse relationship between …

How Does Student Debt Affect Household Formation?, Robert Young

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the impact student debt has on household formation. In order to determine what the impact is, an existing model around household formation was used and that model expanded it to include additional variables in order to add student debt into the model. Overall student debt at the individual and household levels has increased tremendously in the last 30 years. With student loan debt taking up a greater share of income for individuals and households, this research seeks to demonstrate that as student loan debt increases, the rate at which households are formed decreases. The findings of this …

A Panel Analysis Of Fdi And Trade: Growth In Developing Countries, Matthew Guerriero

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the relationship between FDI and trade openness in 5 lower-middle income countries and 5 upper-middle income countries. This study utilizes a panel data regression analysis to determine what plays a role in growth and whether or not it varies depending on development level. The results show that lower-middle income countries should focus their attention on attracting FDI and upper-middle income countries should focus on increasing trade and decreasing government involvement in business operations.