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Articles 1 - 27 of 27
Full-Text Articles in Econometrics
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 …
Is Diamond A Resource Curse For Africa?, Karli Hamrick
Is Diamond A Resource Curse For Africa?, Karli Hamrick
Undergraduate Economic Review
This paper investigates the resource curse in diamond exporting industry in African countries. The empirical evidence about the “resource curse” is mixed in literature and almost none has been done regarding diamond. Our study aims to bridge that gap. The results suggest that diamond export is positively correlated with well-being in a group of African countries. In other words, the “resource curse” may not occur in diamond mining industry after the Kimberly Process (KP) was put in place in 2002. We argue that the KP serves as a good institution and has created good incentives for firms in the industry. …
Is Our Coal-Onial Era Ending Anytime Soon?, Hadiqa Faraz
Is Our Coal-Onial Era Ending Anytime Soon?, Hadiqa Faraz
Undergraduate Economic Review
In this paper, I estimate the long-run co-integrated relationship between energy demand and economic growth for 20 countries from the year 2000 to 2016. I use panel unit-root and heterogeneous panel co-integration tests to test for non-stationarity of the panels and to determine whether there is a long-run link between energy consumption and GDP per capita. The estimated model uses a first-difference OLS model to estimate income elasticity of energy demand; the empirical results of this model show that there is a long-run relationship between energy consumption per capita and GDP per capita. In the long-term, on average, with 1% …
Understanding The Characteristics Of Remittance Recipients In Venezuela: A Country In Economic Crisis, Nicole A. Degla
Understanding The Characteristics Of Remittance Recipients In Venezuela: A Country In Economic Crisis, Nicole A. Degla
Undergraduate Economic Review
This essay analyzes household surveys from the World Bank Global Financial Inclusion Database for the years 2011, 2014, and 2017, as a means to distinguish individual level characteristics of remittance recipients in Venezuela. Remittances are defined as “crossborder, person-to-person payments of relatively low value. The transfers are typically recurrent payments by migrant workers to their relatives in their home countries (World Bank, 2015). Through the use of a linear probability model and probit regressions, I examine the variables age, gender, education level, and income quintile. Results of the analysis find that age has a statistically significant negative effect on the …
How Do Interest Rates Affect Market Capitalization Growth Rates In The Us?, Philip Carolin
How Do Interest Rates Affect Market Capitalization Growth Rates In The Us?, Philip Carolin
Undergraduate Economic Review
This paper investigates how interest rates affect the market capitalization growth rate of individual companies in the US. The research will distinguish itself from previous literature as it analyzes company and macroeconomic data after the 2008 recession. This is particularly interesting as interest rates have been historically low in this time period. Previous research suggests that since the Great Recession the effects of interest rate changes have decreased. On the contrary I will argue that the effects of interest rates still appear to be significant and substantial when explaining the market capitalization growth rate.
The Effect Of Inflation Targeting Policies On Dollarization-A Cross-Country Analysis, Dweepobotee Brahma
The Effect Of Inflation Targeting Policies On Dollarization-A Cross-Country Analysis, Dweepobotee Brahma
The Hilltop Review
This paper attempts to review the experiences of various dollarized economies from the adoption of an explicit inflation-targeting framework for domestic monetary policy. Dollarization is the phenomenon where agents in a country choose to use a foreign currency instead of their domestic currency. This often occurs in response to episodes of high inflation rate in the domestic economy. Central Banks of these countries often respond by adopting an inflation-targeting regime. This paper attempts to evaluate the effectiveness of such a policy by conducting a cross-country comparison. A panel dataset from 14 dollarized economies from 2001-2015, is used to compare between …
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 …
Given Today's New Wave Of Protectionsim, Is Antitrust Law The Last Hope For Preserving A Free Global Economy Or Another Nail In Free Trade's Coffin?, Allison Murray
Loyola of Los Angeles International and Comparative Law Review
No abstract provided.
Improvements To Consumption Prediction: Machine Learning Methods And Novel Features, Ian Kinskey, Glenn Oswald, Charles Mccann, Travis Finch, Anthony Tanaydin
Improvements To Consumption Prediction: Machine Learning Methods And Novel Features, Ian Kinskey, Glenn Oswald, Charles Mccann, Travis Finch, Anthony Tanaydin
SMU Data Science Review
Current models for predicting personal consumption expenditures (PCE) employ statistical techniques and rely upon traditional economic features. We compare vector autoregression and random forest regression models using traditional economic features as inputs to predict PCE. Additionally, we develop novel features derived from the earnings call transcripts of publicly traded U.S. companies using natural language processing (NLP) techniques. These new features reduce the mean square error (MSE) of the vector autoregression model by 7% and the random forest model by 23%. We find the random forest models outperformed the vector autoregression models, with a MSE reduction of 68%. We conclude the …
Measurement Of Childhood Poverty In The United States And Its Enduring Influences, Zi Yang
Measurement Of Childhood Poverty In The United States And Its Enduring Influences, Zi Yang
The Journal of Sociology & Social Welfare
This paper measures childhood poverty in the United States and classifies it into three degrees based on different durations – persistent poverty, chronic transient poverty, and non-chronic transient poverty – using the Panel Study of Income Dynamics (PSID) data and actual poverty thresholds in the United States. Then I examine the enduring influences of different types of childhood poverty on future performance, including academic achievement, income, and criminal behavior, utilizing OLS and logistic models as well as Mincer wage functions. The regression results show that childhood poverty has a negative impact on schooling years and earnings. Living in poverty increases …
Are The Food Insecure More Likely To Be Obese?, Lisa Russo
Are The Food Insecure More Likely To Be Obese?, Lisa Russo
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the connections between food insecurity and obesity levels throughout the United States over three years (2011-2013). The causes of obesity are often not entirely a result of poor diet and exercise, but of the presence of food deserts in impoverished areas. Changes in income trends in recent years also the poor remain poor rather than experiencing upward mobility. This study builds on previous studies conducted both within the U.S. and internationally that found that food insecurity is a determinant of obesity rates. This study uses poverty as a proxy measurement for food insecurity at the state level, …
The Effect Of Corruption On Foreign Direct Investment In Transition Economies: A Panel Data Study, Michael Chodziutko
The Effect Of Corruption On Foreign Direct Investment In Transition Economies: A Panel Data Study, Michael Chodziutko
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the FDI inflows into transition economies of Europe. The study incorporates a time series element to help see how investment has changed over time in this region. Corruption and economic conditions are what will be specifically studied in this model. Market conditions are the final independent variable present in this studied, used to try and understand how the market size can influence inflows. The results show that there is a negative relationship between corruption on FDI flows. It was also found that economic growth and integration into the world economy have a positive relationship in attracting foreign …
The Burden Of Public Debt On The United Kingdom: Analyzed With Var Approach, Yuvraj Duggal
The Burden Of Public Debt On The United Kingdom: Analyzed With Var Approach, Yuvraj Duggal
Empirical Economic Bulletin, An Undergraduate Journal
The study aims to find the relationship in between economic growth and public debt in the United Kingdom using a Vectoral Autoregression approach in between 1999 till 2017. The study aims to examine the impact of public debt on interest rates, inflation rates, Real GDP growth rate, and interest debt payments in the UK. The results show a positive and statistically significant impact of public debt on inflation rates and interest rates. It is also found that the variables affect each other as a consequence in the model and therefore public debt also influence the real GDP growth rates and …
How Improving Prison Systems In The United States Will Positively Impact The Economy, Jordan Laube
How Improving Prison Systems In The United States Will Positively Impact The Economy, Jordan Laube
Empirical Economic Bulletin, An Undergraduate Journal
This paper examines the causes of high recidivism in the United States and offers a solution to theoretically bring these numbers down. This study is compiled of data over the past twenty years (1998-2018) as there have been spikes in recidivism rates during this time period. Some of the independent variables that this paper will take into account are economic and labor market freedom, race, cost, sentence length, and prison population under discretionary review. A one percent increase in state economic freedom is associated with a 0.47 % decrease in parolee recidivism. The relationship is stronger and more statistically significant …
Economic Growth As It Relates To Women’S Labor Force Participation In The Lac, John Esher
Economic Growth As It Relates To Women’S Labor Force Participation In The Lac, John Esher
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the dependence of economic growth in the LAC and the relationship between Women’s Labor Force Participation and growth in production and total GDP. This study is the incorporation of information and data from the LAC into a Solow Growth Model to examine the influence of participation on the GDP per capita of the region. Increases in GDP per capita are modeled by using the differences in current GDP per capita against the GDP after women’s participation is increase to the same level to men’s. The results show that if women were to actively participate in the labor …
Effects Of Private And Public Health Expenditure On Health Outcome, Hyungue Lim
Effects Of Private And Public Health Expenditure On Health Outcome, Hyungue Lim
Empirical Economic Bulletin, An Undergraduate Journal
The current level of health spending in the U.S. is the highest in the world. However, the outcomes of the health spending are among the lowest for developed countries. Therefore, for policy development purpose, it is necessary to determine which direction of healthcare spending results in better output, private or public. This paper investigates the effect of private and public health expenditure on life expectancy, infant mortality at birth, and infant mortality under age 5 among 11 OECD countries. Hausman test is performed to confirm the fixed effects models. Fixed effects GLS and GMM are used for data analysis. We …
The Glass-Cliff And Usa Politics: Are Women Set Up For Failure?, Amber Marin
The Glass-Cliff And Usa Politics: Are Women Set Up For Failure?, Amber Marin
Empirical Economic Bulletin, An Undergraduate Journal
This study investigates the hypothesis that the glass cliff exists in Senate races for the United States in 1998, 2004, 2010, and 2016. It compares the effects to anecdotal situations focusing on Brexit. The results of the study find validity in glass cliff hypothesis.
Does Growth Have A Price Tag? Foreign Aid’S Effect On Economic Growth In Africa, Andrew Berghahn
Does Growth Have A Price Tag? Foreign Aid’S Effect On Economic Growth In Africa, Andrew Berghahn
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the linkage between Official Development Assistance (ODA) received by African countries and the growth of GDP per capita within those nations. This study uses fixed and random effects to explore to ascertain the effects of increasing the amount of ODA received in relation to the country’s GDP. The results from this analysis show that there is a clear negative impact on country’s GDP per capita as ODA increases in relation to total GDP.
Esg Scores Impact On The Market Value Of The Stock, Michelle Quinn
Esg Scores Impact On The Market Value Of The Stock, Michelle Quinn
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the effects of the ESG scores on a firm’s stock valuation, using the Tobin’s Q ratio. This study will incorporate both the ESG index as a whole and the individual factors: environmental, social and governance to consider the firm’s corporate social responsibility. This model uses the Tobin’s Q measurement to evaluate if the stock is over or undervalued while including the size, risk, and development within the firm. The paper found that there is little significant evidence to prove that there is a relationship between the ESG scores and the valuation of the stock, but there is …
Salary Dispersion And Team Performance In Major League Baseball: A Quantile Regression Analysis, Shane Vyskocil
Salary Dispersion And Team Performance In Major League Baseball: A Quantile Regression Analysis, Shane Vyskocil
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the relationship between salary dispersion and team performance in Major League Baseball. Player salary data is collected to calculate each team’s annual Gini coefficient from 1998-2016, which is used to represent a team’s level of wage inequality in a given year. The study incorporates a fixed and random effects model, and distinguishes itself from previous research by employing multiple quantile regressions to analyze how the impact of salary dispersion differs depending on a team’s performance level. The results find that the fixed effects model is preferred, and that there is consistently a negative relationship between wage differentials …
Causality Relationship Between Income Inequality And Life Satisfaction In European Countries: Does Income Inequality Affect Life Satisfaction?, Rodrigue Beleho Balemaken
Causality Relationship Between Income Inequality And Life Satisfaction In European Countries: Does Income Inequality Affect Life Satisfaction?, Rodrigue Beleho Balemaken
Empirical Economic Bulletin, An Undergraduate Journal
This paper examines the interaction between life satisfaction and income inequality in European nations from 2006 to 2016. The keys finding of the analysis and the results show that countries that promote collectivism tend to have people with higher life satisfaction than countries which promote individualism. In general, individuals prefer to live in a country where they have stable disposable income, freedom in the way they are thinking, trust in their government and policies, a healthy life expectancy, and social support and generosity from peers. With this in mind, it raises the question, “where does income inequality fit into this?” …
Determinants Of Life Expectancy In The Central African Republic, Taylor Rizzo
Determinants Of Life Expectancy In The Central African Republic, Taylor Rizzo
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the determinants of life expectancy in the Central African Republic. The study uses economic, social, and environmental factors to estimate a health production function. The study aims to offer suggestions on ways to target life expectancy as a method for increasing economic growth. The results show that the best way to increase longevity in the CAR and solve the mortality crisis are to increase sanitation facilities and regulation, solve the hunger/malnutrition problem, and to reduce the deadly spread of HIV. Aid was determined to be significant in improving the well-being of citizens in the CAR.
Figuring Out Aid: The Determinants Of Foreign Aid To Subsaharan Africa In The Post-Cold War Era, Soala Ekine
Figuring Out Aid: The Determinants Of Foreign Aid To Subsaharan Africa In The Post-Cold War Era, Soala Ekine
Empirical Economic Bulletin, An Undergraduate Journal
I investigate the determinants of foreign aid to Sub – Sahara African countries. I look at the post – Cold War era following Bandyopadhyay and Wall (2007). The independent variables of interest are GDP per capita, infant mortality, population, civil and political rights and also government effectiveness. I control for fixed effects to allow for political, strategic and other reasons donors have and use data from the World Bank from 1995. My results show that in the post-Cold War era, government effectiveness and population are statistically significant in explaining net official and development aid and assistance. A population bias is …
Corruption And South American Public Health Governance: A Panel Data Analysis, Richard Mydland
Corruption And South American Public Health Governance: A Panel Data Analysis, Richard Mydland
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates high income South American countries and their Corruption Perception Index ranking compared to their public health economic variables alongside other macroeconomic variables. The study takes into account that each country is different by means of economic nature due to geographic location. Countries with a natural resource curse are different from traditionalist economic countries. The model examines the implications of a corruption ranking along with health and macroeconomic data that is strongly correlated with decreasing or increasing returns to scale.
Fdi & Crime In South America: A Panel Data Analysis, Casey Doyle
Fdi & Crime In South America: A Panel Data Analysis, Casey Doyle
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the relationship between flows of FDI into South America and how it affects crime and how crime affects FDI. The paper incorporates a fixed effects model within an FDI model to examine how flows of FDI from foreign countries into South America impact crime in these countries. This study will use ten countries from South America in a panel data set from 2010 to 2016 that have different FDI intakes and crime rates. This is so that a well-rounded picture can be seen.
What Is Driving Up Health Care Costs? Does Pollution Play A Role: Oecd Country Panel Data Analysis, Sean Gillis
What Is Driving Up Health Care Costs? Does Pollution Play A Role: Oecd Country Panel Data Analysis, Sean Gillis
Empirical Economic Bulletin, An Undergraduate Journal
This study investigates the rising health care costs among nine OECD nations from 1990 to 2014. A panel data analysis was conducted to analyze specific causes for these rises. Total health care expenditure is the dependent variable with carbon dioxide emissions being the main variable of interest. Analysis finds that the economy has grown faster than health care expenditures, and a negative relationship between CO2 emissions, elderly populations, urban population growth rates and health care expenditure.
Factor Model Tests Of Long-Run Price Reversals In The U.S. Stock Market, Harrison Garrett
Factor Model Tests Of Long-Run Price Reversals In The U.S. Stock Market, Harrison Garrett
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates whether long-run price reversals persist in stocks that have significantly outperformed or underperformed the market. Consistent with previous studies, the results show that there are sizeable positive abnormal returns to a long-term contrarian strategy of investing in stocks with significant prior underperformance. However, these positive abnormal returns are driven by low-priced stocks, and stocks with very low market capitalizations. When the investment universe is narrowed to remove very small companies and lowpriced stocks, there is no longer a statistically significant return difference between portfolios of stocks with significant prior outperformance and significant prior underperformance.