International Economics Commons^™

Japan's Outright Purchases Of Commercial Paper (Japan Gfc), Alec Buchholtz

Journal of Financial Crises

Following the collapse of Lehman Brothers in September 2008, the global commercial paper (CP) market began to tighten as interest rates rose and investors sought more-liquid money market securities. The Bank of Japan (BOJ) introduced several operations in late 2008 to promote liquidity in the CP market. In January 2009, the BOJ began to purchase CP and asset-backed CP outright from banks and other financial institutions. The BOJ could purchase up to ¥3 trillion of CP with a residual maturity of up to three months, among other short-term securities, via 10 purchases of up to ¥300 billion each. The BOJ …

Exchange Rate Regimes And Economic Growth, Amandarae Matthew

Undergraduate Theses

This paper explores the relationship between economic growth and exchange rate regimes among countries of lower income, lower middle income, upper middle income, and high-income countries. Countries must make careful consideration when choosing an exchange rate regime because each regime can have different long-term effects. A cross section pooled time series data will be used for a sample of 42 countries over the period of 2000-2018. Multiple models will examine the various relationships between types of exchange rate regimes, changes in exchange rate regimes, and economic growth. The components of the models being tested include political stability, change in terms …

An Empirical Analysis Of The Nba Draft From 2006- 2014, Lloyd Ellison

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates how well the NBA (National Basketball Association) does at drafting talent that succeeds. There has always been a question of if NBA prospects can have their NBA talent forecasted. The study seeks to compare different draft years and compare if the model can determine which athletes will become successful. The study seeks to use college statistics as well as the NBA draft combine data (which includes height, weight, wingspan, etc.) The study will be cross-sectional to get the best view of a bunch of players and because depth of talent can vary year to year

Impacts Of Wealth On Hiv Testing In Malawi: Empirical Analysis, Anthony Murray

Empirical Economic Bulletin, An Undergraduate Journal

This paper explores the relationship between wealth and HIV testing in the nation of Malawi, building off of previous work that tried to isolate the relationship between income and a given health outcome. Due to a variety of issues such as inaccurate self-reporting and difficulty in combining various sources of income accurately, this paper replaces income in an existing Malawi health-income model with wealth, measured by the number and kinds of possessions they owned and then scored using principal component analysis. The model used is a logit model with HIV testing as the dependent variable and wealth as the independent …

The Eu Ets: A Critical Analysis, Marceline Grey Swan

Electronic Theses and Dissertations

Carbon markets, established via cap & trade programs, are the dominant means by which climate stabilization is currently being pursued worldwide, with many centered around the European Union’s Emissions Trading Scheme. As such, a critical analysis of the EU ETS & its effectiveness is crucial to assess whether the EU carbon market is an effective mechanism to achieve climate stabilization. The effectiveness of the overall program was evaluated via a determination of whether the EU ETS, & to a greater extent the EU carbon market, has allowed for emissions reductions in line with the goal for climate stabilization set by …

China’S One Belt One Road Initiative—A Debt Trap?, Qi Liu

Electronic Theses and Dissertations

Infrastructure has been a bottleneck for industrialization of developing countries. After decades of economic growth led by investment in infrastructure, China released its first global strategy in 2013, One Belt One Road (BRI), to improve infrastructure in less developed countries along the belt and road. Although economic development has been witnessed in some BRI members, large amount of investments from China raised concern over debt crisis from the Western world and host countries. Countries receiving loans from China are struggling to effectively manage the BRI projects. Some are renegotiating the investments with China and some BRI members even canceled them. …

An Empirical Analysis Of The Leading Determinants Behind The Opioid Epidemic The 50 States, Sydney Levine

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the determining factors influencing the opioid epidemic in each of the 50 states of the United States of America. The opioid epidemic is a rising concern throughout the nation and has been associated with economic conditions. The health crisis poses additional threats to the labor market and the overall economy. This study looks at the age adjusted opioid death rate per 100,000 people as the dependent variable and how unemployment rate, the labor force participation rate, ESOOS funding, the number of hospitals, Median household income, the GINI index, adults reporting poor mental health status, individuals reporting past …

An Empirical Analysis Of Short-Term Rentals On Newly Built Homes In The United States, Matthew Garrison

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the effects short-term rentals have on the price of newly built homes. The study uses data from the Manufactured Housing Survey Public File to perform an empirical analysis of whether the Rental Vacancy Rate effects the price of newly built homes. We find that the Rental Vacancy Rate does have a significant effect (p < .01), which parallels some past research. This may have implications for regulation of short-term rentals.

Infant Mortality Rate And Life Expectancy Across High Income Nations: A Panel Data Analysis, Matthew Antonino

Empirical Economic Bulletin, An Undergraduate Journal

This paper will investigate the connection of infant mortality rate and life expectancy across the world. Particularly in those countries that are considered to be High Income. It will investigate multiple different variables using an econometric approach to find whether there is a correlation. The data will be collected using WDI and will be using multiple high income countries from each region of the world. By spreading the data collection across multiple continents, it will allow for multiple variables to account for differences in lifestyle.

Inequality And Economic Growth In Latin America, Benjamin Steen

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the possibility of a relationship between the level of inequality and the GDP per capita in the countries in Latin America. Using a panel data model with fixed countries effects. we expect to examine the influences of GDP per capita and the variables that affect it in the countries of the region. The expected results of this paper are to find that the relationship between the income inequality and GDP per capita is negative.

Effect Of Consumption Of Non-Durable Goods On Greenhouse Gas Emissions In The U.S. And Brazil: An Empirical Analysis, Nathaniel Taylor

Empirical Economic Bulletin, An Undergraduate Journal

This paper explores how consumption of nondurable goods in the United States and Brazil is linked to greenhouse gas emissions, specifically carbon dioxide (CO2), nitrous dioxide (N2O), and methane (CH4). Non-durable goods pollute the environment through production, transportation, consumption, and decomposition. The overconsumption of non-durable goods such as food, fuel, cosmetics, tobacco, and clothing are causing deforestation, loss of soil, soil pollution, and many more. After measuring the levels of pollutants from 2003-2017, they are compared to non-durable good consumption rates. This paper uses a collection of data from St. Louis Federal Reserve Economic Data (FRED) regarding consumption indicators, the …

1st Place Contest Entry: Countering The Current: The Function Of Cinematic Waves In Communist Vs. Capitalist Societies, Maddie Gwinn

Kevin and Tam Ross Undergraduate Research Prize

This is Maddie Gwinn's submission for the 2019 Kevin and Tam Ross Undergraduate Research Prize, which won first place. It contains her essay on using library resources, a three-page sample of her research project on how the Czech New Wave and New Hollywood cinema are defined by their agency in preserving and prescribing cultural meaning across their societies while being bound to their economic systems, and her works cited list.

Maddie is a senior at Chapman University, majoring in Film Production. Her faculty mentor is Dr. Carmichael Peters.

The Fairness Of Fair Trade: An Analysis Of The Economics Of Fair Trade, Duke C. Schillaci, Julia R. Norgaard

Seaver College Research And Scholarly Achievement Symposium

In 2015, a study done by Cone Communications found that millennials are "universally more engaged in corporate social responsibility." In fact, 87% of millennials are willing to purchase a product with social or environmental benefits. Enter, the fair trade label. The fair trade label, which is attached to products which meet the previously mentioned consumer demands, has emerged over the last three decades. Products like organic produce, textiles, and natural commodities have entered into global retailers and supermarkets through these non-traditional distribution channels, supported by increased consumption as well as changing consumer preferences. In order to uncover the underlying economic …

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

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

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 …

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.

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

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.

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

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 …

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 …

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 …

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.

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?” …

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.

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 …

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.

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

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 …