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Gettysburg College

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Articles 31 - 38 of 38

Full-Text Articles in Growth and Development

The Gettysburg Economic Review, Volume 3, Spring 2009 Jan 2009

The Gettysburg Economic Review, Volume 3, Spring 2009

Gettysburg Economic Review

No abstract provided.


The Gettysburg Economic Review, Volume 2, Spring 2008 Jan 2008

The Gettysburg Economic Review, Volume 2, Spring 2008

Gettysburg Economic Review

No abstract provided.


Industry Structure Similarities, Trade Agreements, And Business Cycle Synchronization, Samuel D. Marll Jan 2008

Industry Structure Similarities, Trade Agreements, And Business Cycle Synchronization, Samuel D. Marll

Gettysburg Economic Review

This paper analyzes the effects of industry structure similarities, free trade agreements, and geographic borders on regional business cycle correlation, using fifty US states, 10 Canadian provinces, and 1 Canadian territory as a case study. Using two cross-sectional OLS regressions and one panel data OLS regression, this study finds that pair-wise gross territorial product growth correlation decreased significantly after NAFTA ratification for state-state, province-province, and state-province territorial pairs, contrary to previous literature’s results. NAFTA effectively decoupled intra-national business cycles in the US and Canada while also desynchronizing cross-border pair-wise GSP growth correlation, but cross-border pair-wise GSP growth correlation was much …


The Macroeconomy And Long-Term Interest Rates: An Examination Of Recent Treasury Yields, Hans W. Hardisty Jan 2006

The Macroeconomy And Long-Term Interest Rates: An Examination Of Recent Treasury Yields, Hans W. Hardisty

Gettysburg Economic Review

From 2001 to 2006, U.S. long-term interest rates have remained steady while the federal funds rate has both declined and increased, as Figure 1 shows. Historically, long term interest rates tend to respond to changes in short term rates, but recently this does not appear to be the case. Former chairman of the Federal Reserve, Alan Greenspan, recently dubbed this occurrence a “conundrum,” because no one can provide a distinct explanation concerning this phenomenon. There are several noteworthy incentives for why long-term yields should have increased from 2004 to 2006, but they have remained constant during this time period. According …


Efficiency Of The Mutual Fund Industry: An Examination Of U.S. Domestic Equity Funds: 1995-2004, Chase J. Stewart Jan 2006

Efficiency Of The Mutual Fund Industry: An Examination Of U.S. Domestic Equity Funds: 1995-2004, Chase J. Stewart

Gettysburg Economic Review

Investors have the ability to choose between two different management styles in the mutual fund industry. These two management styles differ in both the investment strategy type the fund executes and management costs, which are charged to the funds’ investors. First, investors may invest their funds in index funds, which employ a passive investment strategy. Here, investors expect to earn a rate of return equivalent to the market index—minus a small management fee—which the fund seeks to track. Alternatively, investors may choose active fund management. The returns of these mutual funds rely on stock selection ability of portfolio managers. Active …


The Gettysburg Economic Review, Volume 1, Spring 2006 Jan 2006

The Gettysburg Economic Review, Volume 1, Spring 2006

Gettysburg Economic Review

No abstract provided.


7. Malthus And The Problem Of Population, Robert L. Bloom, Basil L. Crapster, Harold L. Dunkelberger, Charles H. Glatfelter, Richard T. Mara, Norman E. Richardson, W. Richard Schubart Jan 1958

7. Malthus And The Problem Of Population, Robert L. Bloom, Basil L. Crapster, Harold L. Dunkelberger, Charles H. Glatfelter, Richard T. Mara, Norman E. Richardson, W. Richard Schubart

Section XIV: The Industrial Revolution, Classical Economics, and Economic Liberalism

One of the central beliefs of classical economic theory was that there is an inexorable tendency for population to press against the available natural resources, especially those providing the food supply. This doctrine, though not originating with him, was eloquently expressed by Thomas Robert Malthas (1766-1834) in an essay which first appeared in 1798. Malthus, a high-ranking graduate of Cambridge University, was a clergyman in the Church of England before he became a professor of history and political economy at the East India College, Haileybury, in 1805. This college had just been established by the British East India Company to …


8. David Ricardo And Classical Economics, Robert L. Bloom, Basil L. Crapster, Harold L. Dunkelberger, Charles H. Glatfelter, Richard T. Mara, Norman E. Richardson, W. Richard Schubart Jan 1958

8. David Ricardo And Classical Economics, Robert L. Bloom, Basil L. Crapster, Harold L. Dunkelberger, Charles H. Glatfelter, Richard T. Mara, Norman E. Richardson, W. Richard Schubart

Section XIV: The Industrial Revolution, Classical Economics, and Economic Liberalism

It is David Ricardo, (1772-1823) rather than Malthus who has long been regarded as the more outstanding of the classical economists after Adam Smith. His father was a Jewish immigrant to England who became a prosperous merchant and broker. Ricardo entered his father's business, but after marrying a Quakeress and embracing her faith was forced onto his own resources. By the time he reached his early forties he had gained a large fortune as a stock broker which enabled him to retire to a large rural estate. Here he played the role of landlord and engaged in serious study. In …