International Economics Commons^™

China And Post-Millennium African Economic Development Strategy As A Non-Zero-Sum-Game, Paul Milkias

International Journal of African Development

This paper will probe Africa's and China’s historical trajectory regarding economic development. It analyzes China's and Africa's creative leap, particularly since the millennium, into a new paradigm, a new way of economic relationship totally different from that with the West. The focus is on analyzing China’s heavy economic investment in Africa based on the assumption that the relationship is mutually beneficial rather than being exploitative as some scholars suggest. The hypothesis draws from Decision Theory’s concept of a Zero-Sum Game. It is understood that in a two partnered non-zero sum game theory, one partner’s gain or loss does not necessarily …

Africa In Global Climate Change Governance: Analyzing Its Position And Challenges, Anwar Hassen Tsega

International Journal of African Development

Climate change has emerged as a major global issue that affects all nations and has become a phenomena requiring global governance in the modern globalized world. Though the African contribution to the increase Greenhouse Gas (GHG) is very small, climate change is a concern of African countries. This paper is aimed to analyze the African position and challenges in the governance of climate change. Nonetheless, there are opportunities created for adaptation and mitigation, the implementation of these measures is constrained by lack of financial, institutional and human capacities. Accordingly, the Africans position in the international system and lack of the …

Editorial Note, Sisay Asefa

International Journal of African Development

No abstract provided.

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.

Economic Evaluation Of Coastal Land Loss In Louisiana, Stephen R. Barnes, Craig Bond, Nicholas Burger, Kate Anania, Aaron Strong, Sarah Weilant, Stephanie Virgets

Journal of Ocean and Coastal Economics

Louisiana has lost approximately 1,880 square miles of land over the past eighty years. Projections suggest that in a future without action, the next fifty years could result in the loss of 1,750 additional square miles of land area. As land loss continues, a large portion of the natural and man-made capital stocks of coastal Louisiana will be at greater risk of damage, either from land loss or from the associated increase in storm damage. We estimate the replacement cost of capital stock directly at risk from land loss ranges from approximately $2.1 billion to $3.5 billion with economic activity …

Asean In 2025, Singapore Management University

Perspectives@SMU

Will ASEAN ever progress beyond being a forum to discuss, and sometimes settle, differences?

China’S Pearl River Delta Development: A Game Changer For Hong Kong, Singapore Management University

Perspectives@SMU

“Hong Kong government has to think out of the box and take initiative to lead Hong Kong to break the bottle neck in economy development,” said Dr. Fang Zhou, Research Director of One Country Two Systems Research Institute (OCTSRI), a non-government public policy think tank in Hong Kong, at a seminar organized by Lau Chor Tak Institute of Global Economics and Finance at the Chinese University of Hong Kong in November 2016.

Determinants Of Nigeria's External Sector Competitiveness, O. Duke, M. Yakub, M. Nakorji, B. Gaiya, F. Isma'il, Z. Sani, S. Zimboh, T. Obiezue, O. Asuzu, V. Aliyu

Economic and Financial Review

The study investigated the determinants of Nigeria's external competitiveness, with a view to providing sound policy prescriptions on ways to improve competitiveness. The study employed an Autoregressive Distributed Lag (ARDL) model, using monthly data spanning 2008 to 2016 to determine the short- and long-run relationships among some selected macroeconomic variables. These included real effective exchange rate, exports, productivity, crude oil price, capital flow and consumer price index. The results from the short-run analysis revealed that productivity, proxied by government expenditure, and crude oil price were found to be the major determinants of external sector competitiveness in Nigeria, while CPI was …

Individual And Household-Level Effects Of Energy Poverty On Human Development, Brandon Bridge

Economics ETDs

This study investigates some of the predictors of energy poverty, the interrelationships between different expressions of energy poverty, and the human development impacts of energy poverty on primarily rural individuals and households in an underdeveloped country. It uses data from four rounds of Nicaragua's Living Standards Measurement Survey, and examines the effects of energy poverty on income, education, and health.

Chapter 1 provides background information on energy poverty in general, as well as the specific situation that has developed in Nicaragua. It also provides a modeling framework, both conceptual and mathematical, for the ways in which energy poverty impacts human …

Considerations For Mexican Immigration Policy Reform: How Motivations To Migrate Align With U.S. And Mexican Macroeconomic Conditions, Alix Naugler

Undergraduate Honors Theses

The nationalistic rhetoric adopted by the newly-elected president’s administration along with the public’s climaxing anti-immigrant hysteria has recently forced Mexican immigration intervention to the top of the U.S. agenda. Misconceptions regarding Mexicans’ role in stealing jobs, threatening cultural and ethnic traditions, and straining public welfare, educational, and healthcare resources have spurred a fear among the American people. This politically-fabricated “schizophrenia” has ceased the political and economic collaboration between the two nations and has resulted in the unilateral militarization of the U.S.-Mexico border. In this evaluation of the U.S. government’s immigration policies, the proposed economic theories related to Mexicans’ motivations in …

A Good Kiwi Isn't Acidic: How Ocean Acidification Is Affecting The New Zealand Economy, Lily G. Hurley

Student Theses 2015-Present

In a country that houses a mere 4 million people, it is no wonder that agriculture has become the main facet of New Zealand’s economy. However, while the sheep and produce have flourished from land protection laws, marine life has struggled in recent years due to an increase in oceanic carbon levels. In an area of the Pacific that is so rich in coral reefs, Great White breeding areas, and a plethora of fish species, any upset of the natural preexisting chemical balance has a tangible impact. New Zealand is dealing with a crisis with huge economic and ecological ramifications. …

Ambiguity Aversion: Adoption, Uptake, And Trends, Adam Franklin

Master's Theses

What is ambiguity aversion and what is its role as a determinant of technology adoption? This study develops and implements a novel ambiguity preference instrument in the context of an ongoing RCT pilot program in southwest Uganda promoting adoption of an improved variety of sweet potato. No correlation between ambiguity aversion and crop adoption is observed, although it is suspected that RCT treatment arms including supply- and demand-side information reduced the ambiguity of the new variety, probably overcoming any ambiguity-preference-related constraints and clouding the picture. Methodological lessons learned regarding the development and implementation of an apporopriate ambiguity preference measure point …

Pride And Prejudice In U.S. Trade, Lan Cao

Notre Dame Journal of International & Comparative Law

The purpose of this Article is to provide a micro evaluation of trade in two particularly thorny areas: (1) job loss; and (2) import vs. export and the trade deficit in a trading system of globally fragmented production. This Article also provides a broad, macro view of trade and its relationship with other parts of the international order—security and finance. This is because trade is a vital component of an integrated international system. Looking at trade in isolation will result in even more incoherence and disequilibrium, perhaps creating unintended consequences in ways that impact negatively on U.S. security and finances. …

Trump And Asia, Singapore Management University

Perspectives@SMU

The American president is off to an uncertain start in his first 100 days in office but his administration could yet develop a coherent foreign policy

A Tanzanian Woman's Place Is On Top: An Exploration Of Women's Participation In Kilimanjaro's Trekking Tourism Industry, Margeaux Prinster

Sustainability and Social Justice

While high poverty rates persist for women in Tanzania, the growing trekking tourism industry surrounding Mount Kilimanjaro and its resulting demand for labor presents these impoverished women with a potential avenue for economic empowerment. This paper examines the national and local realities of women’s work in Tanzania, analyzing culturally informed gendered patterns of employment against the colonial and sexist histories of tourism and commercial mountaineering on Mount Kilimanjaro to identify barriers to women’s economic participation in Kilimanjaro’s trekking tourism industry. This analysis is followed by a cross-cultural comparison with Nepal, focusing specifically on women’s barriers to participation in commercial mountaineering, …

The Impact Of Money Supply And Electronic Money: Empirical Evidence From Central Bank In China, Rui Qin

Applied Economics Theses

The purpose of this paper is to study the electronic money's influence on the money supply as well as the power of the central bank. We show in an illustrative theoretical model that electronic money will impact on money supply, especially affect M0 and M1. Using data of central bank in China during 1990 to 2010 and applying ordinary least squares (OLS) regression models, we find robust evidence that electronic money has a negative impact on M0, but a positive impact on M1. In addition, the central bank's abilities to control money supply can be affected by the wide application …

The Revival Of The Philippine Economy, Cesar V. Purisima, Philip Charles Zerrillo

Asian Management Insights

The former Secretary of Finance for the Philippines and Chair of the Economic Development Cluster from 2010 to 2016, Cesar V. Purisima, talks about the turning around of the Philippine economy and restoring investor confidence, in this interview with Philip Zerrillo.

Is "Help" Helpful?: Analyzing Foreign Aid In Context Of Scale, Catherine Hull

Undergraduate Research and Scholarship Symposium

Foreign aid comes in many forms. Foreign aid ranges from large-scale disaster relief to small-scale individual projects within communities. Most aid efforts have the same goal – to help those who would benefit from assistance. This case study addresses the question: what form of ‘help’ is helpful? Which type of aid best achieves what it sets out to accomplish?

To directly analyze the effect of foreign aid on a region, the water-conscious organization Pure Thirst traveled to the rural community of Olkokola, Tanzania. Pure Thirst worked alongside the community members to provide a form of humanitarian aid: improved water services …

Barriers To The Diffusion Of Renewable Energy Technology In Mongolia Lee, Madeline Academic Director: Sanjaasuren, Ulziijargal Claremont Mckenna College International Relations Mongolia: Ulaanbaatar, Darkhan, Salkhit, Hatgal Nomadism, Geopolitics, And The Environment Sit Study Abroad Spring, Madeline Lee

Independent Study Project (ISP) Collection

As the international community looks promote sustainable development in developing countries, many policies have focused on the introduction of renewable energy technology (RET). For Mongolia specifically, RET is both a viable and optimal option, considering the country’s vast natural resources and the unsustainability of the country’s existing energy system. However, Mongolia has faced challenges with the development of its RET sector and still largely relies on international assistance and funding to develop largescale projects.

This study analyzes the barriers that Mongolia faces to the effective diffusion of RET into Mongolian society. Over the course of four weeks, 10 individuals were …

Contribution Of International Trade To Economic Growth In Nigeria, Kehinde Abiodun

2017 Awards for Excellence in Student Research and Creative Activity – Documents

Views differ on the impact of international trade on economic growth in developing countries. Whilst some scholars on the subject uphold the view that international trade leads to economic growth based on empirical evidence, others, albeit, in the minority, express a dissenting opinion.

This paper looks at the contribution of international trade to economic growth in Nigeria, a developing country, and establishes a nexus between international trade and economic growth. The variables considered are real GDP, a proxy for economic growth, export volumes, import volumes, trade openness, gross capital formation and exchange rate as independent variables. Augmented Dickey-Fuller (ADF) test …

Ex-Dividend Price Behavior In Spanish Speaking Markets: Do Stocks Behave Differently In Spain, Mexico, And Chile?, Kayla E. Nikosey

Honors Projects in Finance

The main focus of this thesis is to analyze the behavior of stock price on ex-dividend day of ADRs in Spain, Mexico, and Chile. Announcement date, and ex-dividend date for each ADR is collected to be analyzed against the other ADRs. One would expect different behaviors in the different markets because of different tax treatments in Chile, Mexico, and Spain. Traditional event testing is being used to analyze the stock price behavior on and around ex-dividend days. The event test measures the impact of regulatory events and allows for abnormal changes in stock prices that occur in conjunction with dividend …

Mexico Consensus Economic Forecast, Volume 20, Number 2, Thomas M. Fullerton Jr., Adam G. Walke

Border Region Modeling Project

No abstract provided.

Does China’S Trade Defy Cultural Barriers?, Roger White, Bedassa Tadesse, Huang Zhongwen

Economics

Using annual data for China and 88 trading partners that span the period 1995–2011, we estimate whether cross-societal cultural differences influence China’s external trade flows. Our results, obtained from the estimation of a series of multi-level mixed effect random intercepts and coefficients models, indicate that China’s aggregate exports and imports are largely unaffected by the cultural distance between China and its trading partners. Examination of disaggregate trade measures and consideration of the underlying dimensions of our composite cultural distance variable produces a largely similar result. Taken collectively, our results suggest that China’s trade is less affected by cultural distance than …

A Tale Of Two Cities: Global Entrepreneurship Monitor 2016, Singapore Management University

Perspectives@SMU

In recent years, Hong Kong and Shenzhen have experienced an explosive growth in the start-up support ecosystem.

Savings, Net Foreign Assets And Current Accounts Dynamics In Subsaharan Africa, A. I. Adeleke, W. Ohemeng, K. Ofori-Boateng

Economic and Financial Review

A profile of the current account balance in sub-Sahara Africa (SSA) shows that many countries in the region have consistently experienced current account deficits, dwindling savings and diminishing net foreign assets. These macroeconomic variables convey important information to economic agents about the health of a nation. The relationships among these three important variables in terms of short-run and long-run dynamics are cloudy in the literature. Therefore, this study examined the long-run and short-run dynamics of savings, net foreign assets and current account balance in subSaharan Africa. Utilising panel econometric techniques with annual data from 38 countries in SSA for the …

Determination Of Optimal Foreign Exchange Reserves For Nigeria, M. Tule, E. Egbuna,, S. Abdusalam, A. Oduyemi

Economic and Financial Review

The study examined the optimal level of international reserves for Nigeria that is capable of absorbing a shock similar to that experienced during the 2007/2009 Global economic crisis. Using, generalised autoregressive conditional heteroscedasticity (GARCH), vector autoregressive (VAR) estimation techniques and normalised Johansen cointegrated equation, and setting the maximum and minimum output losses for the entire period, the study found a positive relationship between the odds of default on sovereign debt and fiscal deficit to GDP ratio, short-term debt to reserves ratio and volatility in portfolio investments. In minimising the Bank's cost of holding reserves, the study found that the Nigerian …

Enforcing Corporate Social Responsibility Codes Under Private Law: On The Disciplining Power Of Legal Doctrine, Jan M. Smits

Indiana Journal of Global Legal Studies

A central question in the debate on corporate social responsibility is to what extent CSR codes can be enforced among private parties. This contribution argues that this question is best answered by reference to the applicable doctrinal legal system. Such a doctrinal approach has recently regained importance in American scholarship, while it is still the prevailing method of legal analysis in Europe. Applying a doctrinal analysis of CSR codes allows for the possibility of private law enforcement, that is, enforcement by means of contract or tort, dependent on three different elements: the exact type of claim that is brought, the …

Corporate Codes In The Varieties Of Capitalism: How Their Enforcement Depends On The Differences Among Production Regimes, Gunther Teubner

Indiana Journal of Global Legal Studies

Globalization has reinforced the conflicts among the varieties of capitalism. The colliding units are not just nation states, but transnational production regimes, which cut through national boundaries. The conflicts lead global corporate codes, which are developed by international organizations, to take different directions when they are concretized on the enterprise level. They will be differently enforced according to whether they are located in Liberal Market Economies (LME), adapted to the New Sovereignty of enterprises, or in Coordinated Market Economies (CME) with greater components of social welfare state and economic democracy.

Different patterns of enforcement emerge particularly when the courts have …

Immigrants, Cultural Distance, And Trade Costs, Roger White, Bedassa Tadesse

Economics

We examine the effects of immigrants and cross-societal cultural differences on bilateral trade costs using two alternative measures of cultural differences (i.e. cultural distance and genetic distance). We find that bilateral trade costs generally increase with a rise in the cultural distance between trading partners but fall with a rise in the stock of immigrants. This implies that immigrants counter bilateral trade costs that are associated with greater cultural differences. Our observation is relevant from both migration and trade policy perspectives as it provides further evidence that immigrants serve as conduits for bridging cultural differences, facilitate international transactions, and enhance …

Essays On The Law Of One Price In Financial Markets And The Recent Financial Crisis, Igor Sorkin

Dissertations, Theses, and Capstone Projects

Essay 1: The theory of the Law of One Price (LOOP) is one of the most important theories in International Economics. I use financial markets to revisit the validity of the LOOP in the short run, and then extend the analysis into the long-run to examine whether events such as the Financial Crisis of 2007-2009 can lead to the failure of the LOOP or worsen deviations from it. Using the data on Canadian companies cross-listed on the New York Stock Exchange, I find strong support that the LOOP holds in a cross-sectional framework despite the fact that the sample includes …