Industrial Organization Commons^™

The Chow Test With Time Series-Cross Section Data, James K. Binkley, Jeffrey Young

Faculty & Staff Research and Creative Activity

The Chow test is a standard method to test for differences in regression response across groups. In some cases, the groups being tested are composed of a time series of cross sections. If the individual units within the groups have systematic differences, the Chow test is compromised: individual and group effects become confounded. This can cause rejections in the absence of the group effect of interest. We illustrate the problem with Monte Carlo analyses, and propose an alternative bootstrap-like testing procedure that helps eliminate excessive Type I errors.

Understanding The Ocean Economy Within Regional And National Contexts, Charles S. Colgan, Judith T. Kildow Dr

Presentations

• Extending discussion of the ocean economy beyond “How Big”

– Changes in the U.S. related to the Great Recession

– Decomposing changes to major types of change

– Finding relative sizes

• Exploring the expanding attention to the ocean economy in other parts of the world

– Likenesses and differences in:

• Definitions
• Measures
• Geographies
• Purposes

Where do we go from here?

2

Reclamation - An Eco-Industrial Park In Greenfield, Massachusetts, Sage W. Sluter

Landscape Architecture & Regional Planning Honors Projects

Sustainable Industrial Design
Reclaiming a Brownfield in Greenfield, Massachusetts
Abstract:
For the senior capstone project at the University of Massachusetts, this student completed a conceptual site design project for the City of Greenfield. The City of Greenfield wishes to redevelop the Brownfield site, currently known as the Bendix Property, into an eco- industrial park. Working closely with the City’s officials, the student created a realistic vision for the site. After twenty years of soil and groundwater treatment, the site is ready to come back to life. The student investigated what an eco -industrial park is, and how the businesses cooperate …

Monopoly, Regulation, And Innovation, Matt Bogard

Economics Faculty Publications

Recently the Justice department has started investigations into alleged anti-trust violations by Monsanto. This has helped fuel a lot of already hyped discontent with one of the world’s leaders in innovative solutions for sustainable agriculture. This article discusses how the regulatory environment could possibly have contributed to more concentration and power in the biotech industry. Increasing regulation would likely have the opposite effect of creating a level playing field in the agriculture industry. From AgWeb, March 27,2010 http://www.agweb.com/blog/Economic_Sense_190/Monopoly_Regulation__and_Innovation_10771/

Are Credit Unions In Ecuador Achieving Economies Of Scale?, Nick A. Marchio

Economics Honors Projects

This study tests the assertion that membership growth in credit unions is constrained by their unique structural features, such as their non-profit mission and member-based ownership. Although these features enhance inclusiveness, existing theory suggest that they work against efficiency when membership grows too diffuse. To address this issue, this study uses a model that takes into account existing theory on constrained-optimization in credit unions and theory on the adverse effects of diffuse ownership. Using data on 36 public credit unions in Ecuador, the empirical analysis finds evidence that credit unions can achieve economies of scale despite their problematic structural features. …