International Economics Commons^™

Economic Freedom And Fiscal Performance: A Regression Analysis Of Indices Of Economic Freedom On Per Capita Gdp, Jason R. Ockey

Undergraduate Economic Review

This paper explores whether different forms of economic freedom drive fiscal performance. We also seek to determine which specific measurements of economic freedom have the most statistically significant impacts. Though the results of our analysis show that economic freedom does impact levels of per capita GDP, the interpretation of these results is more complicated. Because some indices of economic freedom have negative effects on per capita GDP or are statistically insignificant, it is important to note that simply generally increasing a country’s overall level of economic freedom will not necessarily spur economic growth or increase fiscal performance. This paper does …

The Role Of Entrepreneurship In Economic Growth, Daniel Smith

Undergraduate Economic Review

This study confirms that the level of entrepreneurship in a given country has a significant positive effect on the level of economic growth in that country. Contrary to some established theories, this study has found evidence that the level of entrepreneurship in a given country is not explained by the levels of the traditional causes of economic growth in that country (specifically the amounts of labor, capital, and knowledge that a country possesses as well as the presence or absence of market friendly government policies). Instead, entrepreneurship acts as an independent factor.

The Extended Heckscher-Ohlin Model: Patterns Of Trade Between The U.S. And China, Mark Clements

Undergraduate Economic Review

Though there have been many attempts to extend the Heckscher-Ohlin model in order to account for empirical data, I intend to examine John Romalis’ model of factor proportions and commodity structure. The purpose of this paper is to examine Romalis’ model to see if it is supported by empirical data on trade between China and the United States. In order to do this, I will use data from the 2000 and 2005 U.S. Census trade data CD-ROM to determine if Romalis’ extended Hecksher-Ohlin model of international trade can explain the U.S.-China pattern of trade.

United States Sugar Trade, Jeremy R. Meiners

University Avenue Undergraduate Journal of Economics

The best means to understand the effects of the tariff-rate quota system on production and consumption of sugar is by creating an economic model. By analyzing the most recent figures concerning consumption, importation, production, and tariff-rate quotas, an economic model of the sugar market of the United States can be produced. From this model, the effects of the removal of the tariff-rate quota system can be seen, as well as the effects on domestic consumers and producers. Through this model, an accurate picture of whom the tariff-rate quota affects and what these effects are is shown.

The Political Economy Of Wto Dispute Settlement: Toward A Synthesis Of International Regime Theories, Christopher L. Griffin

University Avenue Undergraduate Journal of Economics

This paper analyzes the explanatory power of mainstream international regime theories from the international political economy (IPE) literature—neoliberalism, realism, and cognitivism—through formal econometric techniques. I use a data set based on 162 dispute settlement cases since the inception of the World Trade Organization and find that the probability of a Dispute Settlement Panel (DSP) forming depends on the share of exports for a target country as a share of its total exports as well as relative gaps in military expenditures (as a share of GDP). These results are highly robust to different model specifications and control variable choice. Though the …

The Effects Of Fiscal Decentralization On Health Care In China, Emily Yee

University Avenue Undergraduate Journal of Economics

From my analysis, I conclude that decentralization has not been detrimental to health care when health care performance is measured by the number of doctors per 10,000 people, mortality rates, and local health care expenditure. However, the effects of decentralization on health care are inconclusive when health care performance is measured by the number of hospital beds per 10,000 people.

This paper is divided into five sections. The first section discusses theories of federalism. The second section presents an overview of China’s economic reforms since 1980. The third section discusses the current state of health care in China and its …

The Interactions Of Eco-Labeling, Environment, And International Trade, Yi Qian

University Avenue Undergraduate Journal of Economics

A simple graphical model has been developed to examine the relationship between eco-labelling, international trade and environment. This paper analyses that labelling can possibly have adverse effect on environment when the supply of environment-friendly good is greater than the demand of the friendly good pre-labelling (fig.2). In a dynamic setting, however, this situation could be reversed by shifts of demand and supply curves of environment-friendly products (fig.3). The theoretical model predicts change of product prices, which in turn can alter international trade. In bilateral trade, the interaction with country 2 will result in an improvement in the environmental situation in …

The Exchange Rate Mechanism And The Ruble Devaluation Of 1998, Philip Porter

University Avenue Undergraduate Journal of Economics

I will first examine what I see as the common sense fundamentals of the exchange rate mechanism, noting as I go, the relationship with the current Russian crisis. In my examination, I will take the simplest approach, assuming free trade, unrestricted capital movements and negligible transaction costs. Concluding, I will delve into the quagmire of the Russian situation.

Japanese U.S. Auto Transplant Production: An Analysis Of The Roles Of Vers And The Exchange Rate, Michael Cornstubble

University Avenue Undergraduate Journal of Economics

Since their introduction in 1982, Japanese auto transplants in the U.S. have skyrocketed in production, now producing many more cars than are imported. This study incorporates new refinements and revisions to attempt to identify the main factors that are responsible for the introduction of Japanese auto transplants and their massive growth in production over the last 14 years. The author develops two hypotheses for theoretical analysis of the factors contributing to production decisions. The first is that the voluntary export restraints (VERs) imposed on the Japanese from 1981-1985 are responsible for bringing the transplants to the U.S. and for creating …

Winning The Marathon: A Reconsideration Of The Development Effects Of Neo-Classical Trade Practices, Peter Weylie, Jean-Pierre Guevremont

University Avenue Undergraduate Journal of Economics

This paper focuses on the trading policies of developed nations, specifically import quotas, and their positive and negative effects on developing countries. We hope to show that the case is not as polar as was once believed and instead focus on how the current literature suggests that the real effects of free-trade are shrouded in nuance and circumstance. Our starting point will be an analysis of the fashionable neo-liberal trade theory and its impact on development, making special reference to the Multi-Fibre Agreement (MFA). We will then turn our attention to the shortcomings of the neo-liberal approach, and provide a …