International Economics Commons^™

International Journal Of African Development, Vol. 4, Issue 1

International Journal of African Development

Complete issue of International Journal of African Development, Volume 4, Issue 1 - Fall 2016.

Three Essays On Financial Constraints And Foreign Direct Investment, Todd Sarnstrom Ii

Dissertations

This three–essay dissertation makes contributions to the literature on foreign direct investment (FDI) and its relationship with collateral and the exchange rate. FDI refers to an investment made by a firm to establish or acquire a long–lasting interest in another firm operating outside its home country. Often, FDI involves substantial fixed costs that require the investing firm to seek external financing. Collateral has been identified as an important factor in the external financing of FDI. Firms lacking collateral are constrained in their ability obtain external financing. Exchange rates have also been identified as a factor in FDI. Exchange rate movements …

Examining International Stock Market Integration: Effects On Portfolio Statistical Moments, Changes To Systematic Risk Significance, And Investor Purchasing Of Foreign Equities, Justin Kingsley Hanig

Dissertations

The internet provides individuals with the ability to find instantaneous information on nearly every corner of the earth. Increasing correlations of international stock markets suggests investors may use information from different parts of the world to assess the value of the assets they hold in their portfolios. This dissertation examines changes in international stock market behavior to identify the effects of international market integration across a time. More specifically, this dissertation studies the effects of integration on the ability of diversification to reduce risk and skewness of portfolios, how global-wide risks significantly impact country-level index returns, and the equity purchasing …

Three Essays Assessing Global Value Chain Fragmentation On International Trade Using The World Input-Output Database, Johanna Retana Attoh

Dissertations

The growing fragmentation of supply chains across countries have changed the way nations engage in international trade. Conventionally, studies have used data on exports to measure trade flows; however, the use of this type of data imposes many assumptions that might misrepresent the real world. For instance, the assumption that the supply chain of a product is confined in only the domestic country does not take into consideration the increasing number of foreign inputs needed to produce a final good. In this dissertation, I use the World Input-Output Database (WIOD), since this dataset allows one to track and decompose the …

International Journal Of African Development, Vol. 3, Issue 2

International Journal of African Development

Complete issue of International Journal of African Development, Volume 3, Issue 2 - Spring 2016.

Three Essays On Capital Regulations And Shadow Banking, Diny Ghuzini

Dissertations

The shadow banking sector is a sector that is comprised of financial intermediaries that do not have access to central bank funds and performs their activities outside the regular banking system. This sector had been rapidly growing in most developed economies. This dissertation focuses on the behavioral difference and interaction of the traditional and shadow banking sectors as displayed by the relative asset position of both sectors, their risk-taking positions, and their business-cycles properties.

The first essay examines the impact of minimum capital requirements on the share of shadow to total banking assets. Previous literature has argued that increased regulation …

Three Essays On Racial Wage Differentials In South Africa, Ochas Kashinge Pupwe

Dissertations

Wage gaps amongst the different racial groups in South Africa, have remained high post-apartheid. With the enactment and implementation of several empowerment programs aiming at reversing racial marginalization, it is puzzling to see the persistent wage gaps between the white minority and non-white majority. This dissertation seeks to ascertain factors that may account for the persistent wage gap.

The first essay tests for the presence of over-education and its effects on wage determination amongst South Africa’s racial demographic groups. The results indicate that whites were over-educated whilst marginalized populations exhibited significant levels of under-education in 1991 and 2011 and hence …

The Impacts Of China's Rise On The Pacific And The World 2015-16, Department Of Economics

Werner Sichel Lecture Series

All Lectures will be he.Id at: 2028 Brown Hall from 12 to 1:15 except the lecture on November 11 which will be held in Knauss 3502 .The 2015-16 Sichel Lecture Series Is co-directed by Professors Wei-Chiao Huang and Huizhong Zhou and Is co-sponsored by the Department of Economics, College of Arts and Sciences, and Timothy Light Center for Chinese Studies, WMU, andtheW.E. Upjohn Institute for Employment Research.Speakers: Dr. Murray Scot Tanner "The U.S. and the China Challenge", Professor Wing Thye Wop "An Assessment of Napoleon's Prediction that an Awakened China Would Shake the World", Professor Barry J. Naughton "Is there …

Foreign Aid Effectiveness: Three Essays On Aid-For-Trade And Export Performance Of Developing Countries, Shanka Prasad Ghimire

Dissertations

This dissertation examines the effectiveness of foreign aid in enhancing international trade in developing countries. In that light, it presents three essays that focus on foreign aid targeted towards improving trade capacity of developing countries (Aid-for-Trade or AfT) and analyzes its impact on export performance of 121 AfT-recipient countries over a period of 16 years [1995-2010].

The first essay examines whether aggregate AfT helps aid recipients improve their aggregate export performance. The analysis using System-GMM shows a positive and significant impact of AfT on the level and growth of exports as well as export volume relative to GDP. These findings …

Three Essays On International Banking, Rong Ma

Dissertations

Without question, global financial integration has accelerated in the last two decades. This acceleration is due, in part, to the opening of developing countries' financial markets to foreign banks, prompting many changes to financial systems in developing countries. This dissertation consists of three essays focusing on the impacts and the determinants of international banks' participation in the financial markets of developing countries.

The first essay investigates whether banks with foreign owners are more willing to provide loans in the host country possibly contributing toward greater financial stability for that country. Specifically, I test whether foreign banks' lending behavior is different …

A Generation Of Isolation: Cuban Political Economic Policies, Elba Marcell Rivera Rodriguez

The Hilltop Review

Cuba is not only the largest island in the Greater Antilles, but also the only communist island in the Caribbean. This country has been governed by the Marxist-Leninist ideology for more than fifty years. Although the Cuban economy has not shown significant development since January 1, 1959, i.e. when the Revolutionaries came to power, it is presenting a new economic capacity-the tourism industry, which could drive the nation to a modern economic growth.

This article has been revised by the author. The revised version is available as a supplement at the link below.

Sanctioning Policies-Australian, American And British Cross-National Reflections And Comparisons, Harry Savelsberg

The Journal of Sociology & Social Welfare

Over the last two decades welfare policies have undergone major reforms in Anglo-Western nations such as the U.S., U.K. and Australia. Central to these reforms have been the revision of welfare recipient entitlements and responsibilities and the emergence of a responsibility and obligations agenda. The essence of this agenda is conditionality and reciprocity, and it includes the threat of punitive sanctions for failing to comply with mandatory participation requirements. This paper highlights the potent influence of the ideas of American conservatives on policy reforms in the U.S., the U.K. and Australia and provides a thematic crossnational comparison of sanctioning policies …

Common Currency Examined In Latin America, Jack William Mccloskey

Honors Theses

Maintaining a stable currency with economic growth and prosperity has always been an obstacle for countries in Latin America. Debt crises and high poverty rates have plagued economies in the region for decades now. A possible solution to these problems is a shared currency. This approach has positive and negative attributes, and other solutions are also discussed.

The Effects Of Trade And Other Factors On Income Distribution: The Cases Of Chile, Dominican Republic, And Venezuela, George G. Lluberes

Honors Theses

This thesis examines the factors affecting income distribution in Latin America, specifically, the cases of Chile, the Dominican Republic, and Venezuela. The focus of this study is to identify economic, as well as, political factors that may be causing the inequality levels of income distribution to increase or decrease within the countries previously stated. Economic factors investigated include freedom to trade, trade as a percentage of GDP, economic growth, and educational enrollment levels. Furthermore, the political factors analyzed in this thesis are: corruption levels, legal structures, security of property rights, rule of law, democratic or non-democratic status, expenditure in social …

A Study On The Productivity And Efficiency Effects Of Enterprise Reforms In China, Song Gao

Dissertations

This dissertation studies the progress and impacts of State-Owned Enterprises (SOEs) reforms in China. The primary interests center on impacts of non-ownershipchange reforms and privatization on Chinese SOEs’ productivity and efficiency. The research comprises of three major sections.

Section one briefly reviews the history of SOEs’ reform in China and examines the changes in some selected performance indicators with help of a comprehensive dataset on 863 Chinese firms from 1995 to 2001. In addition, causes of Chinese SOEs’ privatization and determinants of firms’ inefficiency are also studied.

Section two examines the effects of privatization and non-ownership-change reforms on firms’ productivity …

Essays On Export Destination Decisions And Spillovers From Inward Fdi: Evidence From Chilean Manufacturing Plants, Ivan A. Duran Diaz

Dissertations

This dissertation examines the relationship between destination country characteristics and Chilean firm characteristics on the export destination decisions of Chilean firms. Additionally, it explores the impact generated by inward foreign direct investment (FDI) on Chilean firms' export decisions, wages, and productivity.

For the first study, a random coefficients logit approach is employed to model export likelihood to a particular destination country. From this, estimates of export substitution elasticities among destination countries are obtained, given changes in some of their macroeconomic variables such as GDP. Both destination country and the Chilean firms' characteristics are shown to be relevant in the export …

International Financial Integration, Sonila Beliu

Dissertations

During the last two decades, the degree of international financial integration (IFI) has increased substantially. This increased level of IFI has a number of benefits. First, it can lead to more efficient allocation of saving and investment across countries and, therefore, facilitate consumption smoothing. Second, it can enable domestic investors to achieve a higher level of diversification. Third, the industrial sector can benefit from having better access to the world’s capital supply and, eventually an increase in the level of IFI will have a positive impact on countries’ output growth. In all, higher levels of IFI can lead to a …

Immigrants And Their International Money Flows 2005-06, Western Michigan University

Werner Sichel Lecture Series

Workers' remittances, the repatriated earnings of immigrant workers, have captured the attention of policymakers and researchers. For a number of developing nations these inflows of funds are their largest source of foreign exchange earnings--exceeding official aid, direct foreign investment, and goods export earnings. Despite the fact that these inflows are large and are becoming larger, we know very little about either the determinants of international transfers or about their impacts on receiving economies. WMU's forty-second lecture-seminar series "Immigrants and Their International Money Flows," will address a myriad of issues relating to these growing international money transfers.

Review Of Japan's Economic Dilemma: The Institutional Origins Of Prosperity And Stagnation, New York: Cambridge University Press, 2001. $ 54.95 Hardcover, $ 19.95 Papercover. Bai Gao. Reviewed By Christian Aspalter., Christian Aspalter

The Journal of Sociology & Social Welfare

Book review of Bai Gao, Japan's Economic Dilemma: The Institutional Origins of Prosperity and Stagnation, New York: Cambridge University Press, 2001. $54.95 hardcover, $19.95 papercover.

Three Essays On Economic Reform: Effects On Human Development, Fertility, And Factor Shares, Khaled Ibrahim Abdel-Kader

Dissertations

This dissertation contains three essays on economic reform programs supported by the IMF and World Bank. Using appropriate theoretical and empirical models, we investigate the impact of reform on three aspects of economic development: (1) human development, (2) fertility, and (3) income shares of factors of production. In the first essay, we examine the long-run impact of reform on different measures o f human development and income. Empirical results show that reform has long-run positive impact on GDP per capita and measures of human development. However, worse initial macroeconomic conditions offset this impact. In the second essay, we examine the …

The Transformation Of Russian Social Policy In The Transition Toward A Market Economy, Isabel Pla Julian

The Journal of Sociology & Social Welfare

The last few years have witnessed truly extraordinary events in the formerly communist societies. These countries were characterized by the great importance attached to social policy as opposed to market economy countries with a similar level of economic growth. However, the transition process toward a market economy has set new conditions for the functioning of governing levels and companies, which has affected social policies altogether. On the one hand, economic liberalization has brought about a reduction of the Russian Government's intervention in the economy, particularly in social policy. On the other hand, the privatization of the state company in a …

The Impact Of Market Economy Transition On Social Security And Social Welfare In Poland, Morgan A. Tracy, Martin B. Tracy

The Journal of Sociology & Social Welfare

The development of certain facets of Poland's social protection system since the collapse of state socialism in 1989 is analyzed using a comparative policy process analysis model. Particulara ttention is given to the programs of social assistance, child-care and family benefits, and old-age pensions in the Polish context. On the basis of the analysis it is argued that policy makers should give greater consideration to Poland's unique historical and cultural experience relative to addressing social issues.

Deforestation And Rural Poverty In Developing Countries: The Role Of Social Work, Shanta Pandey

The Journal of Sociology & Social Welfare

To alleviate rural poverty most developing countries have been launching a wide variety of rural development activities. In this paper I discuss the relationship between deforestation and rural poverty, policies governing reforestation initiatives and the role of social workers in these efforts. The paper argues for and illustrates the various roles social workers can play in development programs to alleviate rural poverty in developing countries.

The Marginalization Of Social Welfare In Developing Countries: The Relevance Of Theories Of Social Policy Development, Kwong-Leung Tang

The Journal of Sociology & Social Welfare

Social welfare development has been marginalized in many developing countries. This study examines the social policies of developing countries and refers to four major theories of social policy development (social conscience, modernization, dependency and diffusion) to see if they offer an explanation of the phenomenon. It is argued that dependency theory and diffusion theory provide better interpretations than the other two theories. The paper shows how theories of social policy have international relevance in explaining current trends in social welfare.

Equality And Family Policy In International Perspective: Toward A Feminist Theory Of The State, Patricia Spakes

The Journal of Sociology & Social Welfare

This three country comparison uses case studies of family policy in Britain, Canada and the US to explain how governments utilize family policies to maintain patriarchal systems and to promote labor force and economic goals. The paper examines how equality/difference theories are applied in family policy. Propositions are developed in order to provide a basis for developing new approaches to family policy based on gender equality.

Technology Transfer And Integrated Social Development: International Issues And Possibilities For Social Work, James O. Billups,, Maria C. Julia,

The Journal of Sociology & Social Welfare

Technology transfer and integrated social development are closely linked aspects of social work practice that deserve more serious attention than they have received to date. Social workers need to play more knowledgeable and active roles in utilizing a broad-scale partnership model that will help communities and societies screen and adapt technologies so that they can be appropriately integrated with people's values, culture, concerns and aspirations. Everyone should ultimately benefit if the poor and disempowered peoples of the world in particular become the primary focus and the beneficiaries of less arrogant and more inclusive strategies of technology transfer. The aim of …

The Global Economy And The American Welfare State, Howard Jacob Karger

The Journal of Sociology & Social Welfare

The American social welfare state is approaching a crisis because of the global economy. Survival in a new world economy requires corporations to become more efficient, a strategy which leads to a rapidly changing technology, plant shutdowns, and industrial reorganization. To aid corporations, government often curbs taxes to make capital available for investment. These policies can lead to governmental debt, reduced welfare services, a deterioration in the infrastructure, and myriad social problems. This article investigates the effects of the global economy on the American welfare state.