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2016

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Articles 61 - 90 of 103

Full-Text Articles in Other Economics

A Panel Data Analysis On Globalization And Income Inequality, Dave Mclean-Shinaman Jan 2016

A Panel Data Analysis On Globalization And Income Inequality, Dave Mclean-Shinaman

Empirical Economic Bulletin, An Undergraduate Journal

The paper investigates the relationship between globalization and income inequality using a comprehensive set of variables. It uses a panel data analysis of 51 countries over the time period of 2000-2013. The independent variables included are globalization, economic growth, education, economic freedom, and urbanization. Overall, the results suggest that globalization, as well as economic freedom and urbanization, have a significant impact on income inequality within developing nations. However, they differ in their effect on income inequality. Globalization is shown to decrease income inequality while economic freedom and urbanization in turn widen the income distribution gap. Meanwhile, results also suggest that …

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Revisiting Government Size And Economic Growth: Does Institutional Quality Matter?, Julio Diaz Jan 2016

Revisiting Government Size And Economic Growth: Does Institutional Quality Matter?, Julio Diaz

Empirical Economic Bulletin, An Undergraduate Journal

This paper revisits the relationship between government size and economic growth depending on the public sector quality. In this paper, an econometric panel study on a sample of 12 Latin American countries covering 1996-2013 period. It is important to note that the data has its limitation and may affect the quality of the study. The results show no significance in the relationship between government size and economic growth at any level institutional quality. These findings show a negative relationship between government size and economic growth. In addition, the results show a dependency between government size and corruption.

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Tip-Off Titans: Hedonic Price Analysis Of Autographed Nba Memorabilia, Jeffrey Girgenti Jan 2016

Tip-Off Titans: Hedonic Price Analysis Of Autographed Nba Memorabilia, Jeffrey Girgenti

Empirical Economic Bulletin, An Undergraduate Journal

Studies have explored the economics surrounding the emergence of superstars, but relatively little research exists on the associated memorabilia markets. Using a sample of autographed artifacts, on sale through an internet outlet, hedonic analysis is used to gain insight into the significant characteristics of price determination. The data consists of current and former autographs of National Basketball Association (NBA) players on photographs. This study explores price differences with respect to a number of independent variables related to the artifact and player status. A notable difference emerges among framed and limited edition pieces, and pieces signed by top-ranked players.

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Corruption And Economic Growth In The Brics: An Empirical Analysis, Iemanjá Dos Santos Jan 2016

Corruption And Economic Growth In The Brics: An Empirical Analysis, Iemanjá Dos Santos

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the relationship between corruption and economic growth in Brazil, Russia, India, China and South Africa; collectively known as the BRICS. Given the rapid rise of the BRICS and the international spotlight placed on them, this research study aims to explore the effect corruption has on the GDP growth of the states. To do this, a time-series analysis is conducted on each of the five states in order to analyze corruption’s effect on the individual countries. It is found that corruption only holds significance in Brazil and Russia, however, whilst there appears to be an inverse relationship between …

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The Shadow Rate And Its Relationship With Lender And Borrower Variables, Andrei Irimia Jan 2016

The Shadow Rate And Its Relationship With Lender And Borrower Variables, Andrei Irimia

Honors Undergraduate Theses

Since the federal funds rate reached the zero lower bound in late 2008, economists have been struggling to adapt their models to a long-term zero rate. Wu and Xia built upon previous research by Fischer Black to create a model for how the federal funds rate behaves during the ZLB period. In their model, the rate actually dips into the negative digits, which the actual federal funds rate does not do. The logic behind the model is that a negative shadow rate is a much better indicator of true economic conditions while the current zero rate merely masks the actual …

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How Does Student Debt Affect Household Formation?, Robert Young Jan 2016

How Does Student Debt Affect Household Formation?, Robert Young

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the impact student debt has on household formation. In order to determine what the impact is, an existing model around household formation was used and that model expanded it to include additional variables in order to add student debt into the model. Overall student debt at the individual and household levels has increased tremendously in the last 30 years. With student loan debt taking up a greater share of income for individuals and households, this research seeks to demonstrate that as student loan debt increases, the rate at which households are formed decreases. The findings of this …

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A Panel Analysis Of Fdi And Trade: Growth In Developing Countries, Matthew Guerriero Jan 2016

A Panel Analysis Of Fdi And Trade: Growth In Developing Countries, Matthew Guerriero

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the relationship between FDI and trade openness in 5 lower-middle income countries and 5 upper-middle income countries. This study utilizes a panel data regression analysis to determine what plays a role in growth and whether or not it varies depending on development level. The results show that lower-middle income countries should focus their attention on attracting FDI and upper-middle income countries should focus on increasing trade and decreasing government involvement in business operations.

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How Trade Liberalization Affects Unemployment Under The Trans-Pacific Partnership: A Panel Data Analysis, Steven Brodeur Jan 2016

How Trade Liberalization Affects Unemployment Under The Trans-Pacific Partnership: A Panel Data Analysis, Steven Brodeur

Empirical Economic Bulletin, An Undergraduate Journal

Between 1994 and 2000, NAFTA eliminated over 700,000 U.S. jobs from an increasing trade deficit. Will the TPP have similar detrimental effects? This study uses panel data to investigate the relationship between trade liberalization and unemployment among the TPP confirmed and interested signatories. The results show that a negative correlation exists between taxes on international goods and the net barter terms of trade index, indicating and ceteris paribus that the elimination of duties could result in a larger trade deficit for countries with comparably stronger currencies. Additionally, the fixed-effects GLS regression yields real exchange rates to be insignificant, supporting cheaper …

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Empirical Analysis Of Immigrant Wage Gap: Study Of Ethnicity And Language Proficiency, Dominik Kozlowski Jan 2016

Empirical Analysis Of Immigrant Wage Gap: Study Of Ethnicity And Language Proficiency, Dominik Kozlowski

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the effect of being an immigrant on a person’s wage. There is also a key focus on variables such as on language proficiency and ethnicity. Comparing the people that were born in New England to the people that were born in different areas of the world for the most recent data that was collected from the American Community Survey. The model shows and the research shows that immigrants’ wages are negatively affected because they are immigrants.

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The Impact Of Government Debt Levels On Gdp Growth: A Panel Data Analysis, Guillaume Sabourin Jan 2016

The Impact Of Government Debt Levels On Gdp Growth: A Panel Data Analysis, Guillaume Sabourin

Empirical Economic Bulletin, An Undergraduate Journal

This paper analyzes the impact of government debt-to-GDP levels on GDP growth in 6 European Union Nations and 5 Middle Eastern countries. While government debt levels shot up in the EU as a result of massive fiscal stimulus following the Great Recession, debt levels have been steadily decreasing in certain Middle Eastern countries. Several variables are observed to determine the relationship between debt and growth, including real interest rates, unemployment, inflation, population growth, trade, and consumption. For the EU nations studied, panel least squares analysis indicates that every 10% increase in government debt-to-GDP costs 30 basis points of GDP growth. …

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The Relationship Of Savings And Economic Growth In Developing Nations, Zachary Westner Jan 2016

The Relationship Of Savings And Economic Growth In Developing Nations, Zachary Westner

Empirical Economic Bulletin, An Undergraduate Journal

The aim of this paper is to analyze the cause and effect relationship between economic growth and savings in developing countries. In this paper I used the co-integration model and the granger causality test which are typically used in finding the relationship between savings and economic growth. Before estimating the model, it was essential to determine the stationaries of the time series. To do so I used the ADF test (augmented dickey-fuller). The results confirmed the existence of a one-way causal relationship between Gross Domestic Savings and economic growth in developing nations.

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An Empirical Analysis Of The Effect Of Wealth On Health Indicators, Olivia Derogatis Jan 2016

An Empirical Analysis Of The Effect Of Wealth On Health Indicators, Olivia Derogatis

Empirical Economic Bulletin, An Undergraduate Journal

This paper uses regression analysis with panel data in order to investigate the relationship between income and health indicators in ten high income countries. The purpose of this study is to investigate if income has a significant and positive effect on the health of a nation’s population. In theory, the health of the population in high income countries should be positively correlated to the country’s income because the wealthier a nation, the more available resources the nation has to allocate to health care spending. The dependent variables in this study are life expectancy at birth and infant mortality rate. The …

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Causal Relationship Between Terrorism And Economic Indicators, Jenna Labarre Jan 2016

Causal Relationship Between Terrorism And Economic Indicators, Jenna Labarre

Empirical Economic Bulletin, An Undergraduate Journal

This study aims to understand the causal linkage between terrorism and various economic indicators such as Gross Domestic Product, Tourism, and Foreign Direct Investment by running a Granger Causality regression. The expected results will show that terrorism does indeed decrease or increase as a result of changes in these economic indicators. In order to test for Granger Causality a unit-root test will first be performed, followed by a cointegration test. The results show that each nation experiences a different causal relationship with each of these indicators. Inflation is the most significant causal indicators in terms of percentage of countries tested …

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The Financial Power Of The Powerless: Socio-Economic Status And Interest Rates Under Weak Rule Of Law, Timur Kuran, Jared Rubin Jan 2016

The Financial Power Of The Powerless: Socio-Economic Status And Interest Rates Under Weak Rule Of Law, Timur Kuran, Jared Rubin

ESI Publications

In advanced economies interest rates vary inversely with the borrower's socio-economic status, which itself depends inversely on default risk. These relationships depend on the impartiality of the law. Where the law is markedly biased in favour of certain groups, the latter will pay a surcharge for capital. Legal power, as measured by privileges before the law, thus undermines financial power, the capacity to borrow cheaply. Developing this argument, this paper also tests it through judicial records from Ottoman Istanbul, 1602-1799. Three privileged Ottoman groups—men, Muslims, and titled elites—all paid relatively high interest rates conditional on various loan characteristics.

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Updated Tables And Figures For Ec 844 Nebraska Wheat Prices And Basis Patterns, Cory Walters, Jessica J. Groskopf Jan 2016

Updated Tables And Figures For Ec 844 Nebraska Wheat Prices And Basis Patterns, Cory Walters, Jessica J. Groskopf

Extension Farm and Ranch Management News

No abstract provided.

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Updated Tables And Figures For Ec 846 Nebraska Cash Corn Prices And Basis Patterns, Cory Walters, Jessica J. Groskopf Jan 2016

Updated Tables And Figures For Ec 846 Nebraska Cash Corn Prices And Basis Patterns, Cory Walters, Jessica J. Groskopf

Extension Farm and Ranch Management News

No abstract provided.

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Pricing Discrepancies In The Washington State Cherry Market, Foster L. Peebles Jan 2016

Pricing Discrepancies In The Washington State Cherry Market, Foster L. Peebles

Undergraduate Honors Theses

This research is focused on finding a pricing model for Washington State cherries. Each year a significant number of cherries are not sold, or are sold at a price close to or under cost, due to issues with program cherry purchases and pricing models. This research looks at two specific markets: the program fruit business and the wholesale markets. The program fruit business is comprised of companies such as Kroger, Wal-Mart, Costco, and others that “pre-purchase” their fruit at a specific price for delivery at a later date, much like a futures market for other commodities. The wholesale market, also …

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Does Context Information Affect Perceptions Of The Intrinsic Value Of Visual Art?, Kelsey Ferguson Jan 2016

Does Context Information Affect Perceptions Of The Intrinsic Value Of Visual Art?, Kelsey Ferguson

Inquiry: The University of Arkansas Undergraduate Research Journal

This study is an application of cultural economic value theory within the context of visual art. Current literature supports an incompatibility between objective, empirical economic research and the subjectivity of artistic expression. While variables affecting the intrinsic value of art are difficult to identify and measure, this study quantified the effect of context information on university students’ perceptions of visual art. For this study, 118 randomly assigned University of Arkansas students viewed four identical works of art and answered identical questions designed to measure perceptions of intrinsic value. Despite a hypothesis that context would positively affect participants’ reports, when significant …

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Insatiability And Crisis: Using Interdisciplinarity To Understand (And Denaturalize) Contemporary Humans, Sean P. Macdonald, Costas Panayotakis Jan 2016

Insatiability And Crisis: Using Interdisciplinarity To Understand (And Denaturalize) Contemporary Humans, Sean P. Macdonald, Costas Panayotakis

Publications and Research

This chapter illustrates how collaboration between different social sciences can encourage students to think critically about prevailing assumptions regarding human nature. Both the chapter and the pedagogical experience on which it is based investigate the distinctive type of human created by capitalist society. In so doing, it takes a heterodox approach to analyzing the concept of an insatiable human nature through a case study that invites students to critically assess this perspective. This discussion then leads to an investigation and critique of traditional neoclassical Economic assumptions about human behavior, which forms the basis for a case study on the causes …

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Has Stagnant Real Income Growth Contributed To An Uneven U.S. Housing Market Recovery Following The Great Recession?, Sean P. Macdonald Jan 2016

Has Stagnant Real Income Growth Contributed To An Uneven U.S. Housing Market Recovery Following The Great Recession?, Sean P. Macdonald

Publications and Research

The U.S. housing market recovery following the Great Recession has in many ways been atypical of earlier housing market recoveries. There is evidence that the recovery from 2011 through 2016 has disproportionately occurred among higher income earners, while improvement in the middle and moderate income sectors appears to have occurred later and to have been comparatively less robust. Stagnant growth in real median household income among moderate and middle income households and a weaker rate of new household formation during and immediately following the recession are seen as key variables contributing to an uneven housing market recovery.

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Religious Identity And The Provision Of Public Goods: Evidence From The Indian Princely States, Latika Chaudhary, Jared Rubin Jan 2016

Religious Identity And The Provision Of Public Goods: Evidence From The Indian Princely States, Latika Chaudhary, Jared Rubin

ESI Publications

This paper describes a simple model of how a ruler’s religious identity affects public goods provision. Our primary insight is that rulers reduce public goods expenditures to a greater degree when there are privately-provided substitutes excludable by religion.The basic idea is that if the good is provided privately to the ruler’s co-religionists, the ruler faces weaker incentives to provide this public good because his co-religionists receive lower marginal utility from its provision. Testing such a conjecture is an empirical challenge, however, since the religious identity of rulers rarely varies over time and place. We address this problem by exploiting …

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The Impact Of Cash Transfers On Labor Force Participation And Household Consumption: Evidence From Post-Apartheid South Africa, Steve M. M. Muchiri Jan 2016

The Impact Of Cash Transfers On Labor Force Participation And Household Consumption: Evidence From Post-Apartheid South Africa, Steve M. M. Muchiri

Theses and Dissertations--Economics

The Old Age Pension (OAP) program for elderly South Africans puts a significant cash transfer in the hands of many poor households. This dissertation investigates its impact on labor force participation and consumption of selected household items. In the first half of the dissertation, we take advantage of a policy reform that lowered men's OAP eligibility age from 65 to 60 for men to match that of women for estimation identification. Using the General Household Survey data, we first demonstrate that both men and women respond to the eligibility age by dropping from labor force participation at the eligibility age, …

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A New Home: An Empirical Analysis Of Pull Factor Influences On Eu Asylum Applications, Dawson Reisig Jan 2016

A New Home: An Empirical Analysis Of Pull Factor Influences On Eu Asylum Applications, Dawson Reisig

Undergraduate Theses, Professional Papers, and Capstone Artifacts

As Europe continues to face the largest flood of immigration since World War II, the foundational solidarity of the European Union (EU) is being severely strained under the burden of allocating such a massive population influx and the subsequent issues resulting from complex and divisive notions of national responsibility, cooperation, and integration. In struggling to find a cooperative solution to this refugee crisis, a greater understanding of the destination country characteristics that shape the asylum application preference would be highly beneficial for policy makers and EU citizens. In examining the relative influences of these pull factors I implement a fixed …

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The Impact Of State-Provided Paid Family Leave On Wages: Examining The Role Of Gender, Aimee Samantha Abrams Widdicombe Jan 2016

The Impact Of State-Provided Paid Family Leave On Wages: Examining The Role Of Gender, Aimee Samantha Abrams Widdicombe

Scripps Senior Theses

The U.S. is the only OECD country that does not offer any form of federal paid parental leave. Only three states—California, New Jersey and Rhode Island—have state-provided paid leave policies; implemented in 2004, 2009 and 2014, respectively. Through descriptive statistics and difference-in-difference-in-difference regression analyses of the wages of women and men of childbearing age (19-45 years) in those three states, we assess whether the paid leave programs have effected wages, and whether these effects vary depending on gender. Our results show that wages of women of childbearing age saw negligible net effects post-policy in policy states, although statistically insignificant. On …

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Modelling The Impact Of Fiscal Policy On Non‑Oil Gdp In A Resource Rich Country: Evidence From Azerbaijan, Khatai Aliyev, Bruce Dehning, Orkhan Nadirov Jan 2016

Modelling The Impact Of Fiscal Policy On Non‑Oil Gdp In A Resource Rich Country: Evidence From Azerbaijan, Khatai Aliyev, Bruce Dehning, Orkhan Nadirov

Accounting Faculty Articles and Research

This paper analyses the impact of public expenditures and tax revenues on non‑oil economic growth in Azerbaijan for the period of 2000Q1‑2015Q2 by employing OLS, ARDL, FMOLS, DOLS, CCR and Granger Causality techniques. Different cointegration methods result in consistent results. In this study, there is strong evidence of significant long‑run positive contributions from public expenditures to non‑oil sector output. Results also show that tax revenues significantly slow down non‑oil economic growth in the long run. Granger Causality analysis finds the existence of a bidirectional short‑run association between non‑oil GDP and public expenditures, while tax revenues Granger Cause both variables. The …

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Brokers And Investment Advisors, Nathaniel Phillip Graham Jan 2016

Brokers And Investment Advisors, Nathaniel Phillip Graham

Theses and Dissertations--Finance and Quantitative Methods

Brokers and investment advisors are a large and important part of the financial industry. Using a novel data set that includes the majority of the financial advisory industry, in this dissertation I document the size of the financial advisory industry and the prevalence of customer complaints in the industry, which I use as a proxy for misconduct. I then test for two potential drivers of advisors’ misconduct: professional standards in the form of fiduciary responsibilities and influence from social networks. I find that variation in fiduciary duties—specifically fiduciary versus suitability standards— does not appear to affect advisors’ propensity for misconduct. …

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Life, Liberty, And The Pursuit Of Happiness: Measuring What Matters, Laura Musikanski, Carl Polley Jan 2016

Life, Liberty, And The Pursuit Of Happiness: Measuring What Matters, Laura Musikanski, Carl Polley

Journal of Sustainable Social Impact

This essay focuses on ways in which the governments of Bhutan and the United Kingdom are measuring subjective well-being as well as on how other governments including Norway, Spain, China, Canada, and New Zealand, are exploring the development of subjective well-being indicators. It concludes with recommended actions to aid in the formation of a consistent and comparable subjective well-being indicator for use by governments globally. The third in a series for which the purpose is to provide information to grassroots activists to foster the happiness movement for a new economic paradigm, this essay builds on the previous essays, Happiness in …

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Citizen Wellbeing And Gdp: Towards More Appropriate Measures Of Namibia's Success And Progress, Justine Braby Dr, Jessica-Jane Lavelle, Johannes Mulunga, Newman Nekwaya, Fikameni Mathias, Angula Angula Jan 2016

Citizen Wellbeing And Gdp: Towards More Appropriate Measures Of Namibia's Success And Progress, Justine Braby Dr, Jessica-Jane Lavelle, Johannes Mulunga, Newman Nekwaya, Fikameni Mathias, Angula Angula

Journal of Sustainable Social Impact

Developing nations like Namibia are aiming to industrialize much like developed nations and use the gross domestic product to measure their progress. However, this development path has been largely unsustainable. For Namibia to develop into a sustainable society, a different approach is needed. This study aimed to find entry points toward such an approach. Surveys were conducted in Windhoek, Namibia's capital, to measure human well-being. Generally, as is expected in a developing country, well-being correlated positively along the income line. However, the indicators did illustrate that a more holistic measure would go a long way toward more effective development planning …

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Ballot-Box Environmentalism Across The Golden State: How Geography Influences California Voters’ Demand For Environmental Public Goods, William Skyler Lewis Jan 2016

Ballot-Box Environmentalism Across The Golden State: How Geography Influences California Voters’ Demand For Environmental Public Goods, William Skyler Lewis

Pomona Senior Theses

In California, voters frequently face ballot propositions dealing directly or indirectly with environmental protection. Records of these votes provide powerful evidence of the character of voters’ demand and willingness-to-pay for environmental public goods (e.g., air quality, watershed ecosystem services, parks and recreation), and have been used in past environmental econometrics research to produce aggregated income and price effect estimates. Using neighborhood-level voting records on seven environmental-related ballot propositions in California between 2002 and 2010, this econometric study investigates the nature of voters’ demand for environmental public goods, focusing on the effect of household income on pro-environment voting. Unlike previous studies, …

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How Can We Have A Better Public Transportation System? –An Exploratory Agent Based Model, Boyu Liu Jan 2016

How Can We Have A Better Public Transportation System? –An Exploratory Agent Based Model, Boyu Liu

Pomona Senior Theses

Public transportation plays an integral part in a city's development, but transportation professionals disagree about whether it is feasible to increase the capacity of public transportation systems at a reasonable cost; and if it is, how. This study develops an agent based model that aims to answer this question and provide a framework to compare the effects of improvements in different aspects of the public transportation service. The results of this study show that it is possible to increase ridership enough to compensate for the increased operational cost, but only in certain circumstances. Interesting phenomenon that might have showed up …

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