Growth and Development Commons^™

Seventy-Five Years Of Pakistan’S Economy, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

A large majority of Pakistan’s population was born after the country got its independence. The median age today is 23 years and the youth have only experienced economic difficulties and hardships in their lifetime. They are hardly aware of the glory days of Pakistan. Despite the many articles that have appeared on this subject, it is essential to make them aware of the historical context in which they are today leading their lives. At the time of independence, the prospects of the economic survival of a ramped Pakistan appeared quite dim as it inherited an extremely weak and fragile economy. …

High Time To Live In The Modern World, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

At the time of independence, Pakistan had no industry worth its name and therefore the corporate sector, even in its rudimentary form, was non-existent. The government, therefore, had to play a catalytic role in nurturing the development of the private sector by pursuing policies that protected the newcomers from international competition.

Repairing Provincial Finance, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Most of the discussion and discourse on public finances has remained focused on the federal government and FBR. The analysis of provincial finances has been sketchy and shallow, although it should occupy a salient place in the aftermath of the 18th Amendment and 7th National Finance Commission Award. It has been a decade now since the provincial governments have enjoyed both administrative, legal, and political autonomy and a large dose of injection of financial resources out of the divisible tax pool.

Does Microcredit Reduce Poverty? An Empirical Exploration In India, Aneel Karnani, Seema Sahai

Markets, Globalization & Development Review

Microcredit has grown dramatically over the last few decades and its supporters have made extravagant promises about its potential impact on reducing poverty. However, much recent research has shown that microcredit has no significant impact on reducing poverty. In this exploratory study we interview 205 clients of for-profit microcredit to better understand the causes of why microcredit has not lived up to its promise. We find the basic problem is that the lending policies of the microcredit organizations are designed to lower the costs and risks, and hence increase the profits of the organization, and are not responsive to the …

Renewable Energy Legislation In Nevada: 2017 - 2021, Peter Grema, Zachary Walusek, Caitlin J. Saladino, William E. Brown Jr.

Environment

The purpose of this fact sheet is to summarize legislative actions from the biennial 79th, 80th, and 81st Nevada Legislative Sessions (2017, 2019, and 2021) regarding solar energy production and state efforts to reach 50 percent energy production from renewable sources by 2030. By 2050, Nevada has a statutorily mandated obligation to be a net-zero carbon producer in fulfilling energy production needs from large scale utility services.

Death On The Job: Mountain West States, 2022, Miguel A. Soriano Ralston, Joshua Padilla, Saha Salahi, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet examines select data from the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) 2022 report, “Death on the Job: The Toll of Neglect,” which reports on worker safety, health, and workplace fatalities. The original report provides a comprehensive national and state-by-state profile of workplace conditions in the United States. These data were originally reported to the Bureau of Labor Statistics (BLS). This fact sheet highlights workforce fatalities and injuries in the Mountain West region (Arizona, Colorado, Nevada, New Mexico, and Utah).

Ewom Platforms As Productivity Catalyzers In The Travel Industry: A Two-Stage Double Bootstrap Data Envelopment Analysis, Tomas Saralegui

Journal of Sustainability and Resilience

In a fast-paced digitalization context, travel agencies face a challenge to increase productivity. Electronic word of mouth (eWOM) could allow better learning processes, improve communication with customers, and serve as a remarkable diffusion channel. However, this channel is not yet fully embraced by the sector. This research, delimited to Spanish travel agencies in the period 2012-2019, applies a two-stage double bootstrap data envelopment analysis to assess whether eWOM and how firms manage eWOM, contributes to achieving higher levels of efficiency. Results show that firms with higher valence and volume of online reviews tend to be closer to the efficiency frontier. …

Stereotypic Beliefs Contribute To Gender Disparities In The Field Of Economics, Stefanie Simon, Crystal L. Hoyt, Stephanie Fattorusso

Jepson School of Leadership Studies articles, book chapters and other publications

Why are women under-represented in the field of economics relative to men? We propose that stereotypes associated with economists contribute to women’s interest in the field. We test the predictions that economists are stereotypically associated with low levels of communion and high levels of agency and that this type of stereotype content is associated with women’s lower interest in the field. In Study 1 (N = 883), stereotypes associated with people in the field of economics were masculine, characterized with low levels of communion and high levels of agency. In Study 2 (N = 182), undergraduate women were …

Skbi Big 5 Survey 2022 August, Singapore Management University

Sim Kee Boon Institute for Financial Economics

The latest survey results on the largest five economies (Big5) were revised markedly relative to the prior release (pre-Russia-Ukraine conflict), generally indicating weaker growth and higher inflation coupled with incremental ambiguity on the policy front.

Can The Olympics Spur Local Socioeconomic Development? Evidence From Brazil, Alex Matandos

All Theses

Countries pledge ever increasing budgets and commitments to host the Olympics. The region whose bid emerges victorious puts in motion the reallocation of inputs, labor, and capital to build all the promised infrastructure to run the event, while the remaining areas in country remain largely unaffected by the intervention. This quasi-experiment scenario is proper for the usage of the Synthetic Control Method but few papers have exploited it. This paper fills the gap by being the first to offer an analysis at local level for a developing economy on the impact of the Olympics. Using Rio de Janeiro's winning bid …

The Trade War Of China And The Us In 2021, And It’S Impact On The Indonesian Economy, Marthen Napang, Syaiful Rohman

Journal of Strategic and Global Studies

This study will explore the trade war between China and the United States (US). The US government initially paid close attention to the principle of free and open economics; this was because the US believed that free trade was not only to develop the US domestic economy but also as a tool to generate mutual benefits between cooperating countries. This is in contrast to the US in President Donald Trump 2017-2021, which implemented a policy of protectionism against Chinese trade. Trump did this as a strategy to overcome the negative impact of free trade, which in the end, the US …

The Sri Lanka Paradox : Part – Ii, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Sri Lanka recorded a rapid increase in public debt-to-GDP ratio to 119 per cent from 42 per cent over a few years. Access to the international capital market was lost, export earnings plummeted, and import payments swelled up due to global price increases, prompting depletion of foreign exchange reserves to critically dangerous levels. Export earnings from tourism – which were $4.4 billion in 2018 or 5.6 per cent of GDP – dipped to 0.8 per cent of GDP. Remittances started drying up too, shrinking from $612 million in April 2021 to $205 million by February 2022. Petroleum prices tripled from …

The True Cost Of Auto Insurance In The Mountain West, 2022, Annie Vong, Saha Salahi, Caitlin J. Saladino, William E. Brown Jr.

Transportation & Infrastructure

This fact sheet examines data on average annual premiums, percent of income spent on auto insurance, and life events associated with the rising cost of auto insurance in the Mountain West (Arizona, Colorado, Nevada, New Mexico, and Utah). The original report includes data on national averages for auto insurance premiums for all fifty states.

Shortage Of Affordable Rental Homes In The Mountain West, Joshua Padilla, Kelliann Beavers, Caitlin J. Saladino, William E. Brown Jr.

Housing & Real Estate

This fact sheet examines data from the 2022 report by the National Low Income Housing Coalition (NLIHC), “The Gap: A Shortage of Affordable Homes” for the Mountain West region. The original report includes data from 2016- 2020 American Community Survey (ACS) Public Use Microdata Sample (PUMS) to help “determine the availability of rental homes affordable to extremely low-income households.”

The Sri Lanka Paradox : Part – I, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Sri Lanka has long been admired by development economists, international financial institutions, and public intellectuals for leading South Asia in all economic and social indicators. Per capita income of $3853 in nominal terms (almost twice as much as India’s) and $12850 in PPP dollars, poverty headcount (measured at $1.90 per day) less than one percent of the population and multidimensional poverty of 16 per cent placed the country ahead of every other country in the region. Sri Lanka was the first one to pursue economic liberalization, as early as 1977, by introducing a less restricted foreign trade and investment regime …

The Outdoor Recreation Economy In The Mountain West, 2020, Miguel Soriano Ralston, Joshua Padilla, Peter Grema, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet provides select data from the State Outdoor Recreation Satellite Account (ORSA) at the Bureau of Economic Analysis (BEA) on the 2020 outdoor recreation economy in the Mountain West region, including Nevada, Utah, Arizona, New Mexico, and Colorado.

Return Migration, Human Capital, And Labor Outcomes, Avinandan Chakraborty

Economics ETDs

This dissertation is a collection of chapters that demonstrate the relationship between return migration, human capital, and labor outcomes in the origin developing countries. Return migration is an intrinsic part of the cycle of international migration and development. Migrants acquire new skills, accumulate human capital and savings during their stay abroad. When they return, this accumulated capital may generate benefits for the left behind family members but may also affect their reintegration into the labor markets in the origin countries.

In my first chapter, I estimate the effect of a return migrant in the household on the schooling outcomes of …

3rd Annual International Conference Proceedings: Challenging Linearity, Centre For Business And Economic Research (Cber), School Of Economics And Social Sciences (Sess)

Conference Proceedings

As we live in an era where the knowledge landscape is rapidly changing and becoming more complex, answering age-old questions about our society, economy, and environment has become more challenging today than ever before. In the wake of this change and challenge, falling back on linear and myopic conclusions is sometimes all too irresistible. A fatigue of imagination that leads to easy answers seems to be prevalent within several disciplines and is sometimes driven by ideological biases. Resultantly, the progress in addressing economic disadvantage, social isolation, and discrimination, psychological distress remains suboptimal often because of linear conceptual frameworks which fail …

Rebuilding Human Capital, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

When countries face short term financial crisis it is natural that more deep rooted and important issues are neglected perpetuating the cycles of economic instability from time to time. It may appear to be a hoarse cry at this stage when our attention is focused on agreement with the IMF, finding resources for our external financing requirements, rapid depreciation of rupee, foreign exchange reserves, debt servicing payments, FBR revenues , to raise questions that span medium or long term time horizon. Given the changing nature of our external environment if we do not prepare ourselves for meeting the future challenges …

Member Engagement And Level Of Satisfaction In A Revitalized Co-Operative Enterprise In Iloilo Province, Philippines, Ma. Rhona P. Beriales

Journal of Economics, Management and Agricultural Development

A co-operative is a member-centered association of individuals with the goal of advancing their economic and social interests. This paper examined member engagement dynamics in a revitalized community-based co-operative in terms of members’ perceived value, member patronage and participation. The study also explored the effect of member engagement to the revitalized co- operative operations and member satisfaction. Using a mixed-methods approach, the study involved a survey of 175 respondents chosen purposively from the co-operative members of good standing. Results showed that members joined the co-operative for economic and personal growth, except for the older members’ goal which was for socialization. …

Nevada Job Gains/Losses, January 2020 - January 2022, Hira Ahmed, Joshua Padilla, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet displays county-level job gains and losses for 17 counties in Nevada, as reported in the March 2022 The Daily Yonder article “Most Recent Jobs Data Shows Rural Employment Is Nearly Back to Pre-Pandemic Level.”

Housing Affordability For Top Occupations In Nevada Metros, 2022, Kristian Thymianos, Elia Del Carmen Solano-Patricio, Ally M. Beckwith, Caitlin J. Saladino, William E. Brown Jr.

Housing & Real Estate

This fact sheet combines housing and employment data from the National Housing Conference (NHC) and the Bureau of Labor Statistics (BLS) to examine housing affordability for the 10 most common occupations in the Las Vegas-Henderson-Paradise, NV and the Reno-Sparks, NV metropolitan statistical areas (MSAs) in Quarter 1 of 2022.

Arts Vibrancy In The Mountain West, 2020, Joshua Padilla, Ally M. Beckwith, Caitlin J. Saladino, William E. Brown Jr.

Cities & Metros

This fact sheet highlights data on various arts vibrant communities in the United States from the 2020 Arts Vibrancy Index Report. The growth of arts communities across the country contributes to the increased intensity of the United States’ cultural sector. Using the original data prepared by Southern Methodist University (SMU) Data Arts, this fact sheet focuses on the arts vibrancy of communities in the Mountain West.

Torn Between Two Pandemics: Poverty Pandemic And Coronavirus Pandemic In Nigeria, Tope Shola Akinyetun

Southern African Journal of Policy and Development

The wave of coronavirus pandemic that hit the world coincides with Nigeria’s struggles with her newly attained position as the poverty capital of the world. This paper argues that prevalent poverty is a pandemic that the world has learnt to live with, and that Nigeria is struggling to overcome. The agony of poverty in the country coupled with the coronavirus pandemic subjects the country to a quandary of a dual-pandemic scourge. The paper relies on secondary data and adopts a descriptive and analytic approach. It concludes that multidimensional poverty in Nigeria is pervasive and has become deepened by the pandemic …

Evaluating The Convergence Of Incomes In Pennsylvania, 1980-2018: Did The Incomes In Pennsylvania Converge?, Yaya Sissoko, Brian Sloboda, Rubens Da Silva

Pennsylvania Economic Review

This paper analyzed the recent change in both per capita earnings from employment and per capita income (including that from transfers and non-earnings sources) by Pennsylvania’s counties between 1980 and 2018, inclusive. Then, we also divided the period into the following five time periods for additional analysis: 1980-1990, 1990-2000, 2000-2010, and 2010-2018. Absolute convergence seems to have occurred among the counties in Pennsylvania that may be attributed to the gradual heterogenization of the regional economies. This result may modify some of the conclusions drawn in the recent literature regarding the mechanisms that have generated convergence in their regions. We also …

Essays On Intergenerational Mobility In Education, Ercio A. Munoz Saavedra

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that investigate intergenerational mobility in education in Chile, and Latin America and the Caribbean.

Chapter 1: In this chapter, I estimate intergenerational mobility (IGM) in education using data from 91 censuses that span 24 countries in Latin America and the Caribbean (LAC) over half a century. I measure upward mobility as the likelihood of obtaining at least a primary education for individuals whose parents did not finish primary school, whereas downward mobility as the likelihood of failing to complete primary education for individuals whose parents completed at least primary school. In addition, I …

Essays In Macroeconomic Policy, Meng-Ting Chen

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that cover topics on macroeconomic policies.

Chapter 1 - Markups, Labor Share, and Wage Dispersion.

Increasing market power has an impact on labor market behavior. This paper argues that the decline in the aggregate wage after 1980 comes from both increasing aggregate product markup and decreasing aggregate labor markdown. Most of the decline is driven by the sharp decline in lower wage percentiles, which also contributes to the increasing wage dispersion. Further, both firms’ monopoly and monopsony power play important roles in explaining the decline in the aggregate labor share. I build a heterogeneous …

Financial Openness And Economic Growth, Doo Kyun Wang

Dissertations, Theses, and Capstone Projects

An ongoing controversy in economics relates to the effect of financial openness on economic growth. Despite their longstanding nature, these questions are not easily resolved. Theoretically, capital market liberalization can lower the cost of capital. Given perfect international capital mobility, this can cause factor price equalization and finally accelerate economic growth. In contrast with the strong theoretical argument, empirical studies on the effect financial openness have on growth are still inconclusive.

Given the diverse perspective, the goal of this paper is to further investigate the role and effect of financial openness on economic growth in different time periods and at …

Three Essays On Development Economics And Human Capital, Arpita Khanna

Dissertations and Theses Collection (Open Access)

In the first chapter, we estimate the impact of exposure to the 2015 Nepal Earthquake on intimate partner violence with two rounds of Demographic and Health Surveys data. Using differences-in-differences estimation, we find that exposure to the earthquake lead to a statistically and economically significant increase in intimate partner violence in the urban areas but not in the rural areas. This is possibly due to an increase in the stress felt by the victims. We also offer some evidence that the impact heterogeneity between the urban and rural areas is attributable to the differences in the reconstruction processes and assistance …

Effectiveness Of Foreign Aid In Poverty Reduction In Africa: The Role Of Fiscal Policy, Iwegbu Onyebuchi, Risikat O. S. Dauda

CBN Journal of Applied Statistics (JAS)

This study examines foreign aid effectiveness in poverty reduction in Africa with focus on the role of regional fiscal policy on education and health. The study employs panel dynamic ordinary least squares (DOLS) estimation technique and covers the period 1980-2017. The results reveal that foreign aid augmented with effective fiscal policy on education significantly improves the income level in all the regions except Central Africa, and consumption in the Western and Central regions. When augmented with effective fiscal policy on health foreign aid enhances households’ income in West and Central Africa and consumption in West and Southern regions. Furthermore, foreign …