Macroeconomics Commons^™

Essays On Family Economics, Culture, Inequality, And Growth, Rouzhi Liang

Economics Theses and Dissertations

This dissertation consists of essays on how family resource allocation and cultural values shape innovation, inequality, and long-run economic development. Across the chapters, I combine quantitative modeling and empirical analysis to understand the determinants of inequality and long-run growth.

Chapter 1 studies how parental fertility and bequest decisions affect children’s potential to become entrepreneurs when financial barriers exist. Motivated by evidence that high-income parents tend to have fewer children and leave larger bequests and allocate more resources per child, I develop an overlapping-generations model with endogenous fertility, bequests, and occupational choice, calibrated to U.S. data. The model shows that, when …

Three Essays In International Trade And Macroeconomics, Jun Nie

Economics Theses and Dissertations

This dissertation examines the impact of international trade and trade policy on key economic outcomes, including income and productivity. The first chapter investigates the role of trade-induced technology diffusion in shaping global income inequality. When bilateral trade facilitates technology transfer, such diffusion can account for up to 85% of the income gap across countries. The second chapter focuses on the determinants of international trade in services. It highlights a significant link between service and manufacturing trade, conditional on the presence of foreign direct investment (FDI) relationships between trading partners. The third chapter evaluates the 2020 U.S. presidential election, aiming to …

Accountability And Efficiency: Compiled Case Studies On Economic Development, Spending, And Global Markets, Jacob W. Grimsley

Honors Theses

This is a compilation of cases worked throughout the course of one year. These cases were created and assigned for an accountancy course focused on research and writing. The cases focus on accounting related topics, while also pertaining to political happenings as well as general economic topics.

Case 02 was completed in collaboration with other honors students, and these students are indicated on the page preceding this case.

Cases 05 and 06 pertain to a semester-long project focused on the development of a Mississippi based business. This case was also completed with the help of other students, as indicated on …

Sustainable Agricultural Practices And Societal Impacts: A Case Study In Central Belize, Lily Hunt

Economics Undergraduate Honors Theses

This thesis examines the relationship between climate change, sustainable agriculture, and rural development through a case study in Central Belize. Built from observations, interviews, and academic research gathered during a summer internship with the Belize Ministry of Agriculture, the research explores the challenges small farmers face as they navigate worsening climate threats - including drought, wildfire, and resource scarcity. With climate change accelerating at a faster rate in Belize than in many other countries, agricultural resilience has become a national priority. This internship focused on collecting applications for the Sustainable and Inclusive Belize Program, a government initiative that provides financial …

Empowering Egyptian Women Through Social Media: A Comparative Analysis Of Economic Sustainability Campaigns By Banks On Facebook, Dr. Noura Eissa

Future Journal of Social Science

This comparative analytical study examines how Egyptian banks use Facebook to promote women’s economic empowerment by bridging between the disciples of economics, social media marketing, and gender studies. Media messages can substantially influence societal norms and perceptions of women's economic empowerment, leading them to open bank accounts and access services such as loans, credit cards, and online banking. The two banks under study are Banque Misr, a leading state-owned bank, and Commercial International Bank, which has international affiliations. The study employs a content analysis to evaluate Facebook messages published by these banks targeting women by exploring the appeals used, the …

Oer Textbook Review For Economics - Principles Of Economics, Openstax, Chiara Yates M.B.E.

Open Educational Resources Publications

Chiara Yates, an Adjunct Lecturer of Economics at Bentley University, reviews the OpenStax textbook "Principles of Economics, 3rd edition" in this comprehensive evaluation. The review assesses the textbook's comprehensiveness, accuracy, relevance, clarity, structure, and digital interface. The reviewer finds the textbook to be a valuable resource for introductory economics courses, praising its comprehensive coverage, clear explanations, and engaging features. The textbook is praised for having regular updates, user-friendly digital platform, and additional resources for educators. While highlighting its strengths, Yates also suggests areas for improvement, such as including more content on emerging economic issues like digital currencies.

Examining The Aggregate Economic Impacts Of Criminal Record Expungement In Marion County, Indiana, Zane Callison

Lux et Fides: A Journal for Undergraduate Christian Scholars

This article investigates the individual economic effects of criminal record expungement identified in a previous article as they appear in the aggregate, particularly rates of unemployment and wages. As interest around the effects of overincarceration increases, criminal record expungement offers a possible solution to the economic woes faced by justice-involved individuals. To that end, this article examines unemployment rates and per capita personal income in Marion County, Indiana, where implementation of the state of Indiana’s criminal record expungement statute has been exceptionally effective. After an analysis, we find that criminal record expungement bears only a light or unclear causal relationship …

What Impact Did The Tcja Tax Cuts Have On The Manufacturing Sector?, Ryan Parker

Accounting Undergraduate Honors Theses

Throughout this paper I will examine positive effects the Tax Cuts and Jobs Act of 2017 had on the manufacturing sector. To do this I begin by outlining the key provisions in the TCJA that directly benefit the manufacturing sector. This includes the corporate tax rate reduction from 35 percent to 21 percent, the changes to the repatriation tax for foreign funds, and the treatment for capital assets. I then analyze key metrics including pre-tax income, income tax provision, dividends, changes in retained earnings, and spending on property plant and equipment. I will show the interactions between the increase in …

How Did The Tax Cuts And Jobs Act Of 2017 Effect Small Businesses?, Jackson Pittman

Accounting Undergraduate Honors Theses

The Tax Cuts and Jobs Act (TCJA) of 2017 marked a significant overhaul of the United States tax system, promising to stimulate economic growth and enhance the competitiveness of American businesses. Amidst its broad-reaching reforms, the TCJA introduced several provisions directly impacting small businesses, aiming to alleviate their tax burdens and foster entrepreneurial activity. This thesis endeavors to evaluate the multifaceted effects of the TCJA on small businesses, examining its implications for their financial performance, investment behavior, and overall economic contribution.

Preliminary findings suggest that the TCJA has produced a generally positive result for small businesses. On one hand, reduced …

Essays On Trade Policy, Ward Reesman

All Dissertations

This dissertation consists of two essays on international trade and trade policy, focusing on a quantitative evaluation of the causes and consequences of trade barriers and economic integration. In the first essay, I examine the role of a widely-used discriminatory trade barrier in shaping dynamic trade patterns of exporters across a range of affected and unaffected export markets. In the next chapter, I explore the heterogeneous economic determinants impacting the formation of economic integration agreements among countries, paying specific attention to the role of bilateral migration flows.

The first chapter estimates the dynamic trade effects of temporary trade barriers (TTBs), …

Incorporating Institutions And Ideology: Why Covid Didn't Change Anything, Cullen Kendrick

Departmental Honors & Graduate Capstone Projects

In this paper, I investigate the aftermath of the COVID-19 pandemic through an economic and philosophical lens to try and understand why government aid was removed. Looking at the problem as solely a structural issue, with Jurgen Habermas’ Between Facts and Norms and Douglas North’s Institutions, Institutional Change, and Economic Performance guiding my understanding, provides useful insights. Namely, how the informal and formal structures of society interact, and their cyclical nature. However, that perspective does not provide a complete picture. And so, I developed an understanding of ideology to investigate the origins of informal societal structures. To do this I …

“¡Que Se Vayan Todos!”: La Crisis Socioeconómica De Argentina En Diciembre De 2001 Y El Papel Del Fondo Monetario Internacional En Su Desarrollo / “Down With Them All!”: Argentina’S December 2001 Socioeconomic Crisis And The Role Of The International Monetary Fund In Its Development, Romita Chattaraj

Independent Study Project (ISP) Collection

Desde su inicio en 1944, el Fondo Monetario Internacional (FMI) ha sido objeto de controversia por su participación en algunas de las peores crisis financieras de la historia económica global. La crisis socioeconómica de 2001 que experimentó Argentina tras décadas de apoyo del FMI es uno de sus casos más destacados. A pesar del crecimiento económico explosivo que experimentó Argentina a lo largo del siglo XIX y principios del XX, Argentina cayó víctima de la inestabilidad macroeconómica durante la segunda mitad del siglo XX y finalmente llegó a declarar lo que en ese momento fue el mayor incumplimiento soberano de …

Chinese Political Rhetoric And Ideology: Tension And Pretension, Israel Paredes

Honors Theses

This changing nature of the Chinese government’s ideology leads one to believe that its core beliefs are not dogmatic, despite the foundation for their ideology being rooted in specific societal and economic theories. Starting with Mao Zedong to modern day, the Chinese government officials will continue to support the original tenets (and, no doubt, future presidents’ additions to the tenets). However, the interpretation of their ideology over time is fluid and is used to support policies and actions during a political cycle. Chinese political leaders are unlikely to disagree with a past leaders, and will rather use their own interpretation …

Free Market: The History Of An Idea. By Jacob Soll. Basic Books, 2022. 326 Pp, Index. $32., James K. Galbraith

Emancipations: A Journal of Critical Social Analysis

Review of Free Market: The History of an Idea. Jacob Soll. New York, Basic Books, 2022. 326 pp.

Stereotypic Beliefs Contribute To Gender Disparities In The Field Of Economics, Stefanie Simon, Crystal L. Hoyt, Stephanie Fattorusso

Jepson School of Leadership Studies articles, book chapters and other publications

Why are women under-represented in the field of economics relative to men? We propose that stereotypes associated with economists contribute to women’s interest in the field. We test the predictions that economists are stereotypically associated with low levels of communion and high levels of agency and that this type of stereotype content is associated with women’s lower interest in the field. In Study 1 (N = 883), stereotypes associated with people in the field of economics were masculine, characterized with low levels of communion and high levels of agency. In Study 2 (N = 182), undergraduate women were …

Three Essays On Consumption Smoothing, Logan James Miller

Graduate Theses and Dissertations

Macroeconomic theory has established that consumption smoothing leads to higher standards of living. A stable consumption path can lead to more stability and less uncertainty between periods of high and low income. However, there is a wide body of literature that shows people do not consistently smooth their consumption when exposed to adverse income shocks. This dissertation uses experimental and empirical methods to better understand the obstacles people face when trying to smooth their consumption over time. It looks to understand the differences in pairs and individuals’ ability to smooth consumption. It also explores how the household’s level of income …

Embracing Entrepreneurship, Naomy Sengebwila, Naomy Nyendwa Sengebwila

Doctor of Ministry Projects and Theses

Embracing Entrepreneurship

How Christian Social Innovation and Entrepreneurship can Lead to Sustainable Communities in Zambia and Globally

Embracing Entrepreneurship

A Dissertation Presented to the Faculty of Perkins School of Theology Southern Methodist University in Partial Fulfillment of the Requirements for the degree of Doctor of Ministry by

Name of Student

Naomy Nyendwa Sengebwila

Name of Student: Naomy Nyendwa Sengebwila

Date: 03/31/2021

How Christian Social Innovation and Entrepreneurship Can Lead to Sustainable Communities in Zambia and globally

TABLE OF CONTENTS

ACKNOWLEDGMENTS . . . . . . . . . . . . . . . . . . . . …

The Cost Of Crime: A Study On Human Trafficking, Kirsten Krug

Applied Economics Theses

Human trafficking is a billion dollar industry that impacts hundreds of thousands of individuals each year. Each year the United States alone spends millions of dollars on law enforcement programs designated to combat human trafficking.

This thesis examines the impact of those programs as deterrents for individuals who are willing to commit this type of violent crime, as well as why they might commit crime in the first place. In addition to providing an economic analysis of the impact of arrest and jail as deterrents on trafficking, the thesis will also look into what may cause an individual to fall …

Recreational Marijuana In Ohio: A Cost Benefit Analysis, Noah Polanski

Williams Honors College, Honors Research Projects

This study aims to analyze the cost and benefits of legalizing recreational marijuana in Ohio by estimating the monetary value of major cost and benefit items caused by legal recreational marijuana being implementing in Ohio. Key areas that are used in the analysis to give an accurate picture of the costs and benefits of marijuana are the areas of: tax revenue, the labor market, the criminal justice system, public health and safety, and educational attainment. By focusing on changes experienced in other states that have legalized, a realistic estimation of what will happen in Ohio can be made.

Data shows …

Stock Market Correlations To Economic Indicators, Anthony K. Quandt

Honors Program: Senior Projects (Public)

For this project, I researched how representative the S&P 500 (a common index of choice to represent the market) is of the economic well-being of the US. I found that stock market data can be used an as indicator of the economic well-being of the U.S.. The results do not indicate that the stock market leads to recovery, but it does suggest that it is correlated with recovery. In my analysis, I compared the S&P 500 performance to four different economic indicators: Real Gross Domestic Product (GDP), The Consumer Price Index (CPI), Average Weekly Private Wages, and Unemployment Rate. A …

Principles Of Macroeconomics, Ernesto Garcia Iii

Open Educational Resources

No abstract provided.

Shocks To Aggregate Demand And Aggregate Supply In The Midst Of Covid-19, Anna M. Gellerman

Publications and Research

COVID-19 sent shockwaves throughout the economy, changing the amounts of goods and services distributed and altering the demand. This article discusses the negative demand shock and adverse supply shock that the U.S. economy faced in 2020, and the policies that the government implemented to reverse these effects.

An Analysis Of Excise Taxes On Wine In The United States, William A. Saunders

Honors Theses and Capstones

Excise taxes are a form of tax that are applied specifically to certain goods, and are charged by the wholesaler to the retailer; they are then usually passed onto the consumer through price increases. Throughout the history of the United States, this form of taxation has transformed and taken on a variety of different roles before arriving at its modern role; a tool to implement certain tax systems, such as the Pigovian system, as well as to influence consumer behavior. The purpose of this research is to evaluate the purpose of excise taxes on wine within the United States by …

Revisions To Pce Inflation Measures: Implications For Monetary Policy, Dean Croushore

Economics Faculty Publications

This paper examines the characteristics of the revisions to the inflation rate as measured by the personal consumption expenditures price index both including and excluding food and energy prices. These data series play a major role in the Federal Reserve's analysis of inflation. We examine the magnitude and patterns of revisions to both PCE inflation rates. We can forecast data revisions in real time from the initial release to the annual revision released in the following year. Policymakers should account for this predictability in setting monetary policy.

Essays On Convex Weighting For Global Vector Autoregressive Models, Garrison Leach

Economics Theses and Dissertations

This dissertation focuses on studying the impact that weighting schemes can have on forecasting performance and dynamic analysis in global vector autoregressive (GVAR) models. The first chapter discusses an existing gap in the literature regarding weighting scheme choice and develops a simple, yet powerful method for defining richer spatial linkages in a way that doesn’t sacrifice economic context. The new technique called convex weighting, extends the set of available options for defining spatial linkages in models that handle the curse of dimensionality via compression and offers a justifiable approach to alleviating uncertainty. The second and third chapters apply the newly …

Celtic Tiger Ireland As A Case Study In The Practical Application Of Neoliberal Economic Policy, Natalie Sneed

Honors Program: Senior Projects (Public)

The Celtic Tiger economic boom, which occurred in Ireland from approximately 1987 to 2009 has generally been considered one of the most remarkable economic turnarounds in any country in the modern era. My purpose in this project was to identify the primary causes and effects of such rapid and dramatic economic growth and development to determine whether it is sensible for other countries emerging from colonial rule to seek to emulate the Irish economic model. Through a review of the economic literature on the Irish economy in the last three decades, I identify Ireland’s implementation of a neoliberal economic policy …

Modeling And Forecasting Glacier National Park Visitation, Michael James Kernan

Graduate Student Theses, Dissertations, & Professional Papers

National parks have recently seen increased visitation demand. Glacier National Park is located in an area where changes in weather and climate will occur at an accelerated rate. Changes in fire and precipitation regimes are taking place at a time when Glacier National Park is setting new visitation records. This paper uses regression and forecast models to investigate the changing landscape of park visitation.

Findings suggest important impacts to monthly visitation and cycling on Going-to-the-Sun Road in Glacier National Park are associated with forest fire activity and precipitation. The conclusions of this paper support perceptions about the effect natural occurrences …

The Effect Of Outward Foreign Direct Investment On Exports In Japan During The Lost Decade, 1985-2005, Alexandros Ladas

Dissertations and Theses

This study will utilize an OLS analysis of the panel data coming from various databases such as the World Bank, Federal Reserve and etc. to determine if there exists a significant correlation between the exports of Japan and its foreign direct investment (FDI) in the period of 1985-2005 with nearby trading partners of which include the countries of ASEAN, China and South Korea. In addition, a selection of supplemental factors will be used to determine if they also possess any significance with exports. These factors include: the exchange rate of the Japanese yen with the currency of the trading partner …

Essays In Business Cycles And Asset Pricing, Ruiyang Hu

Economics Theses and Dissertations

This dissertation investigates several key macroeconomic and asset pricing topics, with a particular interest in exploring the underlying driving forces of business cycles and asset market fluctuations. The dissertation includes three chapters, with the first two chapters solo-authored by me and the third chapter co-authored with Dr. Carlos Zarazaga.

The first chapter develops a dynamic and stochastic general equilibrium model, and exploits Bayesian inference methods to investigate the major sources of fluctuations in aggregate variables and asset prices. Taking into account the possibility that the growth of total factor productivity, labor-augmenting technology and investment-specific technology might consist of permanent and …

Literacy Rates Analysis: An International Comparison, Macarena Arce

Economics Undergraduate Honors Theses

This paper attempts to provide a more complete reckoning of the economics of literacy rates around the world. It consists on a literature review about the economic benefits and costs of literacy rates and then it shows two econometrics models that attempt to predict literacy rates based on GDP, government expenditure, and several other independent variables.