Econometrics Commons^™

Modeling Myopia: Application To Non-Renewable Resource Extraction, Tomoki Fujii

Research Collection School Of Economics

We develop a parsimonious model of myopia with an infinitesimal period of commitment as an extension to a standard dynamic optimization in a continuous-time environment. We clearly distinguish the processes of planning future controls and choosing the current control, which makes the model both analytically and numerically convenient. In its application to a simple non-renewable resource extraction problem, we show that whether the terminal time is free or fixed determines the appropriateness of the approximation to myopic agents by constant discounting. We also show that the expiry of extraction permits may be useful in the presence of myopia.

The Relationship Between Tax Structure And The Lives Of Individuals: Who Wins And Who Loses, David Werner Parker

Honors Program Projects

This study takes a look at various forms of taxation, as well as how the various options impact households. The current system is examined, and it is compared to two alternatives, which are the flat tax and the consumption tax. The positives and negatives of each option are evaluated. Each option is also applied to a family on the poverty line, a family that makes the average household income, and a wealthy family; calculations are done to determine how much income tax they would have to pay under each of them. The second part of the paper takes a look …

Investigating The Ability Of Pro-Social Emotions To Enhance Cooperative Behavior, Lucía A. Vergara Sobarzo

Masters Theses 1911 - February 2014

This research investigates the use of pro-social emotions to improve cooperation. In particular, it tries to reconcile the results from Noussair and Tucker (2007) and Lopez et al. (2010). To reach this goal the experiment considers different degrees of revelation: no revelation, partial and full disclosure of information. Additionally, I use different microeconometric specifications to accommodate different hypothesis about the motivation of the subjects.

My results diverge from those of Lopez et al. because I find that revealing the decision of a single subject at random does not significantly increase cooperation, which is the main result of these authors. Also, …

A Book Review Of Capitalist Manifesto: Understanding The Market Economy And Defending Liberty, Brad Ward

Journal for the Advancement of Developing Economies

The purpose of this paper is to review the book A Capitalist Manifesto: Understanding the Market Economy and Defending Liberty by Gary Wolfram. In a time of political unrest throughout the industrialized and developing world, Wolfram defends the free market economic system and educates the reader as to the various benefits of capitalism. According to the author, governments should create concise laws and regulations that allow individuals to pursue their ambitions without unnecessary interference. Wealth redistribution, a trait associated with socialism, leads to stagnant economies and minimal innovations. The roles that banks and the government play in the economy are …

Multinational Enterprise Entry Modes In Sub-Saharan Africa: An Eclectic Paradigm Perspective, Isaac Yao Addae, Martinez Vencia Addae

Journal for the Advancement of Developing Economies

The use of entry modes by multinational firms has received increased attention from international business scholars. Based on the context of sub-Saharan Africa, this research reviews the locational benefits offered to MNEs by in this region. Borrowing from the eclectic paradigm of international production, the research also examines the effects of each type of entry on the locational advantages offered to MNEs. Propositions are presented to suggest which mode of entry MNEs should pursue in African markets, based on the existence of locational advantages that complement existing firm-specific advantages. Practical and research implications are discussed, in addition to considerations for …

Determinants Of Savings Rate In Rural Nigeria: A Micro Study Of Kwara State, Oluwakemi Adeola Obayelu

Journal for the Advancement of Developing Economies

The inability of households to save over time has significant influence on the rate of capital accumulation and economic growth in developing countries. In order to understand this trend, this research assesses savings rates and its correlates in rural Kwara state, Nigeria. A multistage sampling procedure was used to obtain data from 120 households. This was then analyzed using two descriptive statistics: the generalized linear model and the Tobit regression model. Results show that majority of the rural households were male-headed (81.0 percent) and combined farming with other non-farming activities (73.5 percent). The Tobit regression model reveals that age squared …

Exchange Rate Volatility And Foreign Direct Investment In Sub-Saharan Africa, Emmanuel Ekow Asmah, Francis Kwaw Andoh

Journal for the Advancement of Developing Economies

Foreign Direct Investment (FDI) is an important source of financing development. It enhances efficiency and raises skills of local manpower, facilitates transfer of technology, generates employment and promotes productivity resulting in broad welfare improvements. Although FDI could have a substantial impact on the growth of African economies, poverty reduction and the achievement of various dimensions of human development as articulated in the Millennium Development Goals, its flows to Africa, though growing steadily have been relatively low, volatile, and highly concentrated in a few countries. One of the factors that have been identified in the literature as key drivers of FDI …