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Articles 1 - 19 of 19
Full-Text Articles in Other Economics
Gambling With Debt: The English Premier League, Edward Robinson
Gambling With Debt: The English Premier League, Edward Robinson
Undergraduate Economic Review
This paper aims to investigate the impact of debt on financial performance in the English Premier League from the 2000/01 season to the 2017/18 season. Panel model estimations concluded debt has a significant inverse relationship with financial performance. This relationship may potentially be stronger in larger clubs and could be present through human capital investment’s significant direct relationship with financial performance. This further emphasised usages of intangible assets as a player human capital investment indicator, rather than using wage costs like previous studies. Furthermore, filling a gap regarding how capital structures may be used to impact financial performance within’ football.
Preserving History Or Property Values: Historic Preservation And Housing Prices In Washington, Dc, Lev Klarnet
Preserving History Or Property Values: Historic Preservation And Housing Prices In Washington, Dc, Lev Klarnet
Undergraduate Economic Review
Neighborhood historic preservation has been highly controversial in Washington, DC, as proponents claim it preserves valuable architecture and critics claim in increases unaffordability. Using a dataset of all residential and condominium property sales in DC between 1992 and 2019, I find that the effect of historic designation on property values within historic districts is heterogeneous. While residential property values increase by 9%, condominium prices fall by 6.3% after designation. This paper also uniquely controls for endogeneity—which arises if in response to rising housing prices, neighborhood groups seek historic designation—by researching the party that nominated each historic district.
Determinants Of County-Level Poverty Rates In 2017: An Upper-Midwest Comparison, Trey V. Perez
Determinants Of County-Level Poverty Rates In 2017: An Upper-Midwest Comparison, Trey V. Perez
Undergraduate Economic Review
The American upper-Midwest as a region throughout the 2010s has experienced lower-than-average poverty rates. This paper seeks to uncover the determinants that have the greatest impact on the county-level poverty rates for five states (Iowa, Minnesota, Wisconsin, and the Dakotas). Outcomes for this study came from an Ordinary Least Squares (OLS) regression to estimate the impact each independent variable had on the poverty rate. The empirical results showed the unemployment rate, the percentage of households headed solely by females, and percent of the population that was Native American in 2017 had a significant impact on a county’s poverty rate.
Swimming For More Than Gold: How Swimming Participation And Success In Elite International Swimming Events Can Decrease Drowning Rates Across The World, Joshua R. Cottle
Swimming For More Than Gold: How Swimming Participation And Success In Elite International Swimming Events Can Decrease Drowning Rates Across The World, Joshua R. Cottle
Undergraduate Economic Review
International swimming provides an opportunity for thousands of swimmers to compete at the highest level of the sport. In this paper, I argue that participation and success in these events can influence drowning rates across the world. My analysis suggests that one of the most notable negative influences on drowning rates is swimming participation in countries that have the smallest roster sizes and the lowest average income levels. My analysis shows that swimming success in the Olympics has a significant positive effect on drowning rates in countries in the middle-income brackets.
Mutual Economic Incentives For Urban Tree Canopy Restoration, Paul E. Thompson Jr.
Mutual Economic Incentives For Urban Tree Canopy Restoration, Paul E. Thompson Jr.
Undergraduate Economic Review
Potential alignment of economic incentives for tree canopy restoration are modeled using data from a 2015 Louisville Metro Government (KY) Urban Tree Canopy Assessment. The study revealed marked declines in urban canopy coverage from 2004-2012; accelerating losses are forecast through 2050. Tree coverage conveys substantial financial benefit to private property owners, primarily through increased property valuations. Benefits to local government may be derived from the corresponding increase in property tax assessments. A comprehensive cost-benefit analysis demonstrates the economic efficiency of tree purchase vouchers (issued by government to private property owners) as a potential contributing solution to urban canopy loss.
The Perceived Return On College Investment In Relation To Economic Expectations Of Students At The University Of Maryland, Joshua S. Roston
The Perceived Return On College Investment In Relation To Economic Expectations Of Students At The University Of Maryland, Joshua S. Roston
Undergraduate Economic Review
This paper presents the results of a survey conducted in the spring semester of 2017 of University of Maryland students. The results illustrate how University of Maryland students weigh the decision to attend college in terms of their perceived current economic situation and future expectations as well as predicted return on investment. A body of economic literature on the perception of return on investment from attending college exists already and this study hopes to add to the discussion as its results are unexpected. The results imply that the current generation of college students feels uncertain over the worthwhileness of higher …
A Discourse On Diversity: The Impact Of Management Team Heterogeneity On Firm Performance., Robert J. Brown
A Discourse On Diversity: The Impact Of Management Team Heterogeneity On Firm Performance., Robert J. Brown
Undergraduate Economic Review
Quantile models are used to test the association between management team gender, ethnic and educational diversity and firm performance, employing an IV technique developed by Chernozhukov and Hansen (2008) to address the potential endogeneity issues. Estimated associations between measures of diversity and firm EBITDA margins are close to zero across much of the dependent variable distribution, but increase in magnitude for higher margin firms. No evidence of a statistically significant causal relationship between gender and ethnic diversity and firm EBITDA margins is found. Marginal evidence of a statistically significant association between margins and educational diversity is found for high margin …
The Effect Of Terminating Enforcement Actions On The Nation's Problem Banks, Benjamin Doehr
The Effect Of Terminating Enforcement Actions On The Nation's Problem Banks, Benjamin Doehr
Undergraduate Economic Review
This paper examines whether the Federal Deposit Insurance Corporation's supervisory actions promote improved performance at problem banks. I show that during the three-year period following the termination of a supervisory action, return on assets rises by 10 to 20 basis points. The reaction of capital markets to the termination results in a 1.7 basis point increase in return on assets, while management actions post-termination result in a 1.6 basis point decrease in return on assets.
Top Of The Order: Modeling The Optimal Locations Of Minor League Baseball Teams, W. Coleman Conley
Top Of The Order: Modeling The Optimal Locations Of Minor League Baseball Teams, W. Coleman Conley
Undergraduate Economic Review
Over the last twenty-five years, minor league baseball franchises have defined firm mobility. Revisiting the work of Michael C. Davis (2006), I construct a logistic regression model to predict which cities house minor league baseball teams. Six variables are tested for inclusion in the model, including population, income level, the number of major-league professional sports teams in a city, five-year population change, and distance from the closest professional team. Based on the model's predicted probabilities, cities are ranked in order of highest probability of having a team at each of the different levels from Class A to Class AAA.
Should You Do A Doctorate? The Changing Returns To Postgraduate Qualifications, Sven Hoeling, Lewis Gudgeon, Felix Hagemeister
Should You Do A Doctorate? The Changing Returns To Postgraduate Qualifications, Sven Hoeling, Lewis Gudgeon, Felix Hagemeister
Undergraduate Economic Review
Higher education in the UK has experienced radical change over the last two decades. The change has been driven by a number of factors, not least New Labour’s policy to send 50% of school leavers to university. The increased supply of graduates has weakened a first degree’s ability to function as a signal to employers, resulting in many individuals pursuing postgraduate study to make themselves more competitive. This paper aims to show the changing returns to Bachelor, Master and Doctoral degrees for the period 1997 to 2013 and recognises the increasing importance of Ph.D. graduates in the upcoming years.
Employment Protection And Income Inequality: Is There A Role For The Informal Sector?, Eleni Gkinni, Eleni Vasilaki
Employment Protection And Income Inequality: Is There A Role For The Informal Sector?, Eleni Gkinni, Eleni Vasilaki
Undergraduate Economic Review
This paper seeks to examine the effect of employment protection on income inequality. By employing the employment protection data developed by Botero et al. (2004) as well as well established measures of economic inequality for a sample of 83 countries, our analysis suggests that increased employment protection is negatively associated with income inequality. This relationship remains highly robust across several different specifications and estimation methods. In addition, our analysis places the spotlight on the role of the informal economy and investigates how the presence of informal sector may affect the above mentioned relationship. Our results suggest that in the presence …
Contingent Valuation Methodology: Evaluation Of Benefits Of Improving Water Quality In The Lake Tai Region, Zongda Tu
Undergraduate Economic Review
Environmental economics is a relatively new field in the subject of economics. While the developing countries are growing and developing rapidly, the conflict between economic development and environmental preservation is becoming more and more irreconcilable. This methodology paper addresses the relationship between the water quality in the Lake Tai Region in China and economic benefits, and presents the contingent valuation methdology (CVM) to evaluate benefits.
Application Of Sgt Family Distributions In Quasi Maximum Likelihood Estimation, Samuel Dodini
Application Of Sgt Family Distributions In Quasi Maximum Likelihood Estimation, Samuel Dodini
Undergraduate Economic Review
In the classical normal linear regression model, ordinary least squares estimators (OLS) will be consistent and achieve the Cramer-Rao lower bound for any unbiased estimators. This paper examines the impact of several other error distributions on the properties of the OLS estimators. Several different types of example data commonly available to students and researchers in economics are used to illustrate the impact of nonnormality, because, in application, the assumption of normality may not hold in empirical testing. Using maximum likelihood, I demonstrate that flexible probability density functions better model the residual distribution of different types of data, which suggests improvements …
An Empirical Assessment Of The Performance And Competitive Effects Of Los Angeles County Charter Schools, Sam Trachtman
An Empirical Assessment Of The Performance And Competitive Effects Of Los Angeles County Charter Schools, Sam Trachtman
Undergraduate Economic Review
This paper evaluates the performance of charter elementary schools in Los Angeles County in three ways. First, I compare charter school performance to public school performance, controlling for a number of key characteristics. Second, I study the characteristics that appear to influence charter school success as compared to public school success. Third, I study the “competitive effect” of charter schools, examining how geographical proximity to charter schools affects the performance of traditional public schools. I find evidence that, ceteris paribus, traditional public schools score higher than charter schools, except in majority African American schools. Further, I find that the opening …
A Household Model Of Careers And Education Investment, Jessica F. Young
A Household Model Of Careers And Education Investment, Jessica F. Young
Undergraduate Economic Review
This paper develops a two-stage non-cooperative household game, in which parents make career decisions and an investment into their child’s human capital. The model is solved for Nash equilibrium outcomes and extended for a cooperative solution. In non-cooperative pure strategies, both parents choosing to work is a Nash equilibrium, though there are alternative outcomes when the conditions underlying the career decision are varied. The investment behaviour of agents is analysed. We find that choices are critically affected by the magnitude of the cost (and reflected quality) of a high education investment relative to a low investment, and the intrinsic value …
Examining Success At The Domestic Box-Office In The Motion Picture Industry, Patrick Topf
Examining Success At The Domestic Box-Office In The Motion Picture Industry, Patrick Topf
Honors Projects
The movie business is a multi-billion dollar industry involving production crews, marketing crews, actors, directors, distribution companies, movie theaters, and movie rental companies, but while each movie created follows the same routine, why do some perform so much better than others at the box-office? Why did Juno become a smash hit, while Poseidon is regarded as a major box-office bomb? This study investigates the impact of production cost, star power, professional reviews, release date, sequels, genre, age-rating, and distribution company on total domestic box-office revenue of the widely released films from January 2006 to December 2008.
Assessing The Productive Efficiency Of Us Health Care: Comparison Of Analytical Methods, Amanda C. Clayton
Assessing The Productive Efficiency Of Us Health Care: Comparison Of Analytical Methods, Amanda C. Clayton
Honors Projects
In 2006, the US spent approximately 15.8% of its GDP on health care, more than any other Organisation for Economic Co-operation and Development (OECD) country and considerably larger than the 9.1% average of the 23 other peer nations included in this study (OECD Health Data, 2009). The US also had the lowest female and male life expectancies at birth compared to the same 23 OECD nations (OECD Health Data, 2009). This raw and partial evidence suggests that the US health care system may be performing inefficiently. The purpose of my research is to assess the efficiency of the US health …
Assessing Environmental Externalities Of The Us Coal Base Load Electric Utility Industry Using Data Enveloping Analysis, Faisal Z. Ahmed
Assessing Environmental Externalities Of The Us Coal Base Load Electric Utility Industry Using Data Enveloping Analysis, Faisal Z. Ahmed
University Avenue Undergraduate Journal of Economics
This paper attempts to address two issues. First, is how to objectively measure carbon dioxide emissions from the generation of electricity that uses predominantly coal. Second, is how to incorporate these ‘environmental’ variables into an efficiency model. Using a technique called Data Enveloping Analysis (DEA) a non-parametric piecewise surface (or frontier) over the data is constructed, so as to be able to calculate technical efficiencies (which I call environmental efficiency) relative to this surface. These ‘environmental efficiency’ measures are analyzed. The technique utilized in this study may be extended to calculate each agent’s allocative and scale efficiencies in order to …
Investing In The Arts: Financial And Aesthetic Returns To Prints, Adam Finkelstein
Investing In The Arts: Financial And Aesthetic Returns To Prints, Adam Finkelstein
University Avenue Undergraduate Journal of Economics
This paper will revisit the economic question “is buying art profitable?” facing any potential investor by focusing specifically on the market for prints. The answer will account for both pecuniary and aesthetic benefits. Previous inquiry into the returns of investments in art and their methodologies is first reviewed. Then a framework for measuring utility from prints from market-observed leasing prices is described. Various price indexes for returns to Picasso and Chagall prints are compiled for the years 1977 to 1997 using a market basket technique. The indexes are then combined with the utility framework. Real and nominal returns to prints, …