Economic Policy Commons^™

The Effect Of Fiscal And Monetary Policy On Public Debt In Egypt, Malak Mohamed

Theses and Dissertations

The thesis aims to examine the effect of monetary policies and fiscal policies on public debt in Egypt during the period from 2006 until 2021. Egypt is witnessing aggravated levels of debt, with limited fiscal and monetary space. Therefore, the objective of the paper is to analyze the effect of discount rates, inflation rates, subsidies, taxes and economic growth on debt-to-GDP in Egypt using a VAR model with an extended test of Impulse Response Function. The results suggest that a positive shock in government expenditures initially decreases public debt but leads to a fluctuating increase in the debt-to-GDP ratio in …

Policy Frameworks And Citizens’ Use Of Fintech Solutions: The Pros And Cons In Egypt, Salma Al-Mohamady

Theses and Dissertations

This thesis provides a comprehensive analysis of the significant influence of financial technology (FinTech) on the banking industry, consumer finance, and economic growth. It specifically concentrates on the swiftly changing FinTech environment in Egypt. The study investigates the impact of incorporating advanced technologies on worldwide financial practices, which has significantly transformed traditional banking models and facilitated the emergence of inventive financial services. The transition is clearly apparent in Egypt, where the expansion of FinTech has been driven by advances in regulations, adaptation to technology, and a population that is becoming more comfortable with digital solutions.

Using a combination of quantitative …

Foreign Direct Investment And Forest Land: A Sectoral Investigation, Nadia Doytch, Ayesha Ashraf, Canh Phuc Nguyen

Ateneo School of Government Publications

This is a study of the effects of sectoral FDI inflows on the rates of change of forest land and the ecological footprint of economic activity measured in forest land. We test the “FDI ecological halo” hypothesis (Doytch, 2020) for nine distinct sectoral FDI inflows, including agricultural FDI, mining FDI, manufacturing FDI, construction FDI, financial FDI, transport FDI, tourism FDI, communications FDI, and trade services FDI, in addition to total FDI, using a global sample of countries and a GMM econometric approach. We find that one percentage increase (% GDP) in agricultural FDI, mining FDI, manufacturing FDI, and construction FDI …

Upholding Liberty And Justice Through The Virtue Of Citizen Volunteerism, David W. Bolton

Helm's School of Government Conference - American Revival: Citizenship & Virtue

Alexis de Tocqueville observed that colonial Americans were preoccupied with civic duty, and he spoke to the beneficial power of early American volunteer associations which did not rely on government solutions. Colonial Americans resolved immediate communal needs through volunteerism and charity via civic and religious organizations. From de Tocqueville’s perspective, an essential element of being a good citizen was contributing to your community through volunteerism and charity. State and federal government overreach could be avoided by resolving local issues locally. The true nature of citizenship was to ensure liberty and justice through voluntary, philanthropic efforts and avoiding the mandated funding …

Apprenticeships In The Mountain West, Fy2023, Annie Vong, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet examines data on apprenticeships for the Mountain West states of Arizona, Colorado, Nevada, New Mexico, and Utah. The original dataset from the U.S. Department of Labor includes data on all 50 states as well as U.S. territories. This fact sheet examines the number of apprenticeships, the average and median hourly wages, the education level of those in apprenticeships, the union status, and the industries that support apprenticeships in each Mountain West state.

Green Transition And Financial Stability: The Role Of Green Monetary And Macroprudential Policies And Vouchers, Ying Tung Chan, Maria Teresa Punzi, Hong Zhao

Sim Kee Boon Institute for Financial Economics

This paper analyzes a mix of alternative policies in supporting the green transition and the phase-out of fossil fuels, without compromising financial stability. An environmental dynamic stochastic general equilibrium (E-DSGE) model with two sectors (green and brown) and endogenous default is developed to assess potential climate-induced financial stability threats that can be mainly generated through physical and transition risks mechanism. Those risks are evaluated through a compound capital depreciation shock and a carbon tax shock. The paper offers several findings. First of all, a too stringent carbon tax would increase the medium-term default rate in both sectors, harming financial stability …

The Safety Net Should Work For Working Age Adults, Lauren Bauer

Brookings Scholar Lecture Series

This lecture focuses attention on a population that is ill-served by the safety net but rarely acknowledged: low-income, working-age adults without dependents or government-determined disabilities. In this lecture, Brookings Scholar Lauren Bauer, a former Special Assistant in the Office of the Secretary at the US Department of Education, argues that a safety net that is inaccessible to ABAWDs (able-bodied adults without dependents) fails to recognize the precarious state of the low-wage labor market or how safety-net programs allow these workers to remain in the workforce. By modernizing the parameters of who qualifies for access to safety-net programs, assistance can be …

Payments As A Tool For Policy, Aaron Klein

Brookings Scholar Lecture Series

What are the implications of using payment systems to enforce foreign policy (against Russia, Iran, Cuba, etc...) and domestic policy (on-line poker, cannabis, etc..)? What are the long-term ramifications for the United States, with its dominant status as a global financial system and home to the world reserve currency, using payment systems to achieve its political objectives? In this lecture, Brookings Institution scholar and former deputy assistant secretary for economic policy at the Department of Treasury, Aaron Klein discusses the pros, cons, and intended and unintended consequences of our current system. He proposes a path forward to maximize economic growth …

Southern Nevada Regional Industrial Study, Brookings Mountain West, Center For Business And Economic Research, Transportation Research Center

Policy Briefs and Reports

Recognizing the ongoing need to diversify the Southern Nevada economy, in 2023 GOED commissioned Brookings Mountain West, the UNLV Center for Business and Economic Research, and the UNLV Transportation Research Center to evaluate how Southern Nevada can leverage its geography and connectivity to neighboring states and metros at the megapolitan level to pursue industrial opportunities in the face of shifting global supply chains, diminishing developable land, the need for efficient management of the regional water supply, and the availability of unprecedented federal resources to support clean energy development, manufacturing, electrification of transportation systems, and supply-chain resiliency.

The study builds on …

The Influence Of Societal Nationalist Sentiment On Trade Flows, Douglas Dow, Ilya Cuypers

Research Collection Lee Kong Chian School Of Business

In recent years, the world has witnessed a backlash against globalization and a rise in populist and nationalist movements around the world. However, there appears to be little empirical research concerning how these movements, and especially nationalist sentiment, actually influence trade. Therefore, we explore how and when nationalist sentiment within a country influences trade. Our results indicate that the effect of nationalist sentiment on imports is mediated by lower participation in free trade agreements (FTAs) but not via tariffs. Furthermore, we are unable to confirm support for a direct effect of nationalist sentiment on imports, as predicted by the consumer …

Covid-19 And Labor Shortage In France: Exploring The Contribution Of Tunisian Migrant Workers In Bridging The Labor Shortage, Sana Gasmi

Theses and Dissertations

This thesis employed a qualitative approach, combining both desk research and in-depth interviews with 11 participants: nine Tunisian migrant workers and two Tunisian migrant experts. The thesis examined labor shortage in France during the pandemic and the extent to which Tunisian migrant workers managed to bridge the labor shortage relying on the Segmented Labor market theory which was originally developed by Piore (1979), and the two concepts: System Effects and Systemic Resilience. Findings indicate that the COVID-19 pandemic unveiled several weaknesses in the French labor market system including the acute labor shortage. Faced by labor shortage, France turned to migrant …

Post Covid-19 Recovery In Mountain West Metros, Zachary Walusek, Vanessa Booth, Annie Vong, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet examines data on the economic effects of the COVID-19 pandemic and recession on Mountain West metros. The original report includes data on economic activity, labor market, and real estate trends.

Research On Integration Of Innovation Chain, Industrial Chain, Fund Chain, And Talent Chain, Changhong Nie, Feijie Zhao, Chuan Li, Tong Chen

Bulletin of Chinese Academy of Sciences (Chinese Version)

Promoting the integrated development of innovation chain, industrial chain, capital chain, and talent chain is of great significance to the high-quality development of the economy, and its essence is to reduce the various barriers faced by the flow of innovation elements across organizational boundaries, improve the allocation efficiency, better stimulate the main role of enterprises in scientific and technological innovation, and enhance the overall efficiency of the national innovation system. This study analyzes “four chain” integration and puts forward the following suggestions. First, promote the systematic layout and systematic implementation of scientific and technological innovation policies. Second, explore the construction …

Predicting Sedentarism And Its Impact On Caloric Requirements, Jacob Michels, John C. Beghin

Yeutter Institute International Trade Policy Review

A recent study conducted by PhD candidate Jacob Michels and Agricultural economist John Beghin delves into the question of whether global estimates of food insecure populations need a reevaluation of their methodology to account for increasing sedentarism. This reevaluation is prompted by the increasing prevalence of sedentary lifestyles worldwide, which calls for a redefinition of caloric thresholds indicating the onset of food insecurity. In this short article, we provide a nontechnical summary of their investigation recently published in Michels and Beghin (2024).

Evaluating Farm Size Change As An Expression Of Preferential Alignment In The Corporate Food Regime, Rachael Carpenter

Undergraduate Research Symposium

Food system awareness is increasingly prevalent in international development and relations. In particular, the impact of food systems on climate change, and the impact of climate change on the capacity of production form a feedback loop that has the potential to have a severe impact on the future. Whether this contribution will be positive or negative hangs in the balance, but the window of opportunity for forming and implementing such policies may be closing. In many ways, this understanding of food as a fundamental force in shaping the lives of people, particularly those who will be severely impacted and face …

The Role Of Mayors In Achieving Brunei Darussalam’S Wawasan 2035, Lessons From China, Brice Tseen Fu Lee, Ayidana Asihaer, Juan Pablo Sims

Journal of Strategic and Global Studies

Brunei Darussalam's national vision, WAWASAN 2035, sets forth ambitious goals for the nation's development, emphasizing a centralized governance paradigm. However, the potential of decentralized governance, as exemplified by China's mayor-led districts, offers a compelling model for achieving national aspirations. This research explores the feasibility and potential benefits of introducing mayors in Brunei's districts, drawing insights from China's successful decentralized governance structure. By fostering inter-district competition and allowing for localized policy tailoring, Brunei can enhance its adaptability and responsiveness to local nuances. Drawing from China's experiences, this study provides a comprehensive understanding of how Brunei might optimize its governance structure to …

Asosiasi Jaminan Sosial Dengan Partisipasi Kerja Penduduk Lansia Di Indonesia, Evelyn Fairuz Wibowo, Dwini Handayani

Jurnal Ekonomi Kependudukan dan Keluarga

Indonesia has entered a period of aging population. The number of elderly people has increased sharply without social security ownership, making the elderly population vulnerable to poverty. Financial demands make the elderly must continue to work in their old age, even though their biological and psychological conditions are declining. The study aims to analyzes the effect of social insurance (pension insurance and health insurance) on the work participation of the elderly population which is controlled based on individual, household, and social characteristics. Using secondary data from the 2020 National Socioeconomic Survey and analyzed using logistic biner regression, this …

Keragaman Kedalaman Kemiskinan Rumah Tangga Menurut Tipe Wilayah Dan Karakteristik Sosial Ekonomi Rumah Tangga Provinsi Jambi, Ni Kadek Suardani, Kadir Kadir

Jurnal Ekonomi Kependudukan dan Keluarga

Abstract. Ideally, government would be more comprehensive in looking at poverty alleviation issues; not only on the indicator of poverty incidence. They needs analysis related to poverty gap, to find out how poor are the poor, so that it becomes input for more effective poverty reduction. This research aims to analyze the diversity of poverty gap at the household level in Jambi Province according to regional type and socio-economic characteristics. Poverty gap is expressed as the gap between the per capita expenditure of poor households and the Poverty Line (PL). Using Susenas data for 2020-2022, this research found that …

Forecast Of China’S Economic Growth Rate In 2024 And Policy Suggestions, Xikang Chen, Cuihong Yang, Kunfu Zhu, Huijuan Wang, Xinru Li, Yu Zhao

Bulletin of Chinese Academy of Sciences (Chinese Version)

In 2023, China’s economy maintained a recovery trend after the epidemic. However, the economic recovery showed the characteristics of wave-like development, and it is expected that China’s economy will grow steadily and rapidly in 2024. This study introduces a comprehensive approach to forecasting annual GDP growth, integrating input-output models, econometric models, prosperity analysis, expert insights, and scenario analysis. Reviewing China’s economic performance in 2023 and the prevailing global and domestic conditions, it is projected that China’s GDP growth rate will be around 5.3% in 2024. Based on this analysis, several policy recommendations are suggested, namely, intensifying macro-control policies for both …

Operational Situation And Outlook Of China’S Urban Economy (2023–2024), Guoli Gao, Kun Zhao, Jiawei Bao, Xiaoming Zhang, Qinxian Xu, Cuifang Kong, Nvying Wang, Wei Bai, Biye Ni, Shu Du, Ying Yang, Kai Wang

Bulletin of Chinese Academy of Sciences (Chinese Version)

This study takes 297 cities at prefecture level or above in China (including 4 municipalities directly under the central government, 15 sub provincial cities, and 278 prefecture level cities) as the analysis objects, analyzes and reviews the overall situation, highlights, hotspots, and prominent problems of their economic operation in 2023, and looks forward to the economic development trend of cities in 2024. In general, since 2023, China’s urban economy has rebounded and improved, with frequent highlights and hotspots in various fields. Nevertheless, issues such as a significant decline in exports, frequent real estate risks, increased local debt risks, and insufficient …

Impact Of Political Conflict On Foreign Direct Investments In The Mining Sector: Evidence From The Event Study And Spatial Estimation, Abdelrahman J.K. Alfar, Mohamed Elheddad, Nadia Doytch

Ateneo School of Government Publications

This study aims to investigate the impact of conflict on greenfield foreign direct investment (FDI) in the mining sector covering the period of the 1st quarter of 2003 until the 3rd quarter of 2017, across 151 countries. Unlike previous works, this paper focuses on testing two impacts. First, we test for a dynamic impact to uncover the effect of conflict on FDI over the contemporary and subsequent annual quarters. Second, we test for a spatial spillover impact. To achieve these goals, we apply both a panel spatial approach and an event study analysis, using a unique proprietary database FDIMarkets. The …

Are Too Many Or Too Few Babies Being Born?, Wesley Peterson

Cornhusker Economics

An additional 1.8 billion people will be added to the world’s population by 2050. At the same time, average incomes are likely to rise. Data from the Groningen Growth and Development Center suggest that average real (inflation-adjusted) GDP per capita increased by a factor of fifteen between 1820 and 2018 and World Bank data indicate that real per capita GDP more than tripled over the past 62 years. It is likely that these trends will continue and there will be more people with higher average incomes in the future straining global food systems and natural resources. Slower population growth rates …

Tax Streams, Land Rents, And Urban Land Allocation, Yugang Tang, Zhihao Su, Yilin Hou, Zhendong Yin

Center for Policy Research

This paper examines the fiscal motives behind municipal governments' decisions to allocate commercial and residential land when two categories of land use are subject to different fiscal revenue alternatives: business-related tax and/or land rent. We use urban parcel-level land transfers during China’s peak period of urbanization, match commercial parcels with residential parcels, and find significant price discounts on commercial parcels relative to adjacent residential parcels. The observed discounts arise from the future tax flows from commercial use, i.e., expected taxes from developed commercial land reduce its transfer price. We conduct a structural estimation to examine the implications on land use …

Reverse Technological Spillovers From Outward Fdi On Home Countries’ Total Factor Productivity: Does The Mode Of Investment Matter?, Ayesha Ashraf, Federico Carril-Caccia, Nadia Doytch

Ateneo School of Government Publications

We examine the effect of outward foreign direct investment (OFDI) on total factor productivity (TFP) of home (source of FDI) countries in a global sample of 85 economies, distinguishing between outward greenfield FDI (OGFDI) and outward cross-border merger and acquisition (M&A) purchases. The goal of the study is to test for reverse technological spillovers to the FDI source country. The hypothesis is that OGFDI and M&As have different capabilities of carrying out reverse technological spillovers, which would affect the TFP of home countries differently. We apply a two-step system generalized method of moments (GMM) to deal with possible endogeneity and …

How Climate Change Is Altering Energy Finance And Governance In China And The United Arab Emirates, Hans Gebauer

Regis University Student Publications (comprehensive collection)

Climate change is an environmental problem with catastrophic ecological, economic, social, and political impacts. The dramatic scale of the problem has appropriately earned it the name of “climate crisis.” As a protracted crisis, climate change will dominate national and international agendas while transforming institutional politics. Conflicts within policy communities, new interest alignments, social pressure on governments, and ecological collapse could conceivably transform the norms and institutions through which economics, policy, and politics are conducted. Nowhere is this clearer than the energy sector, which is responsible for most greenhouse gas emissions and wherein massive institutional shifts are just beginning to occur. …

Reducing Food Scarcity: The Benefits Of Urban Farming, S.A. Claudell, Emilio Mejia

Journal of Nonprofit Innovation

Urban farming can enhance the lives of communities and help reduce food scarcity. This paper presents a conceptual prototype of an efficient urban farming community that can be scaled for a single apartment building or an entire community across all global geoeconomics regions, including densely populated cities and rural, developing towns and communities. When deployed in coordination with smart crop choices, local farm support, and efficient transportation then the result isn’t just sustainability, but also increasing fresh produce accessibility, optimizing nutritional value, eliminating the use of ‘forever chemicals’, reducing transportation costs, and fostering global environmental benefits.

Imagine Doris, who is …

Exploring Local Elected Officials' Capacity To Govern Effectively, Mario King

Dissertations

A successful local government exemplifies inclusivity, innovation, and deliberate decision-making, all advancing responsible management of taxpayers' resources. In this qualitative investigation, a phenomenological approach is employed to delve into the lived experiences of local elected officials. The aim of this study was to gain insights into the capacity of these local elected officials for success in governance. Subsequently, the insights from these local elected officials' experiences are harnessed to evaluate their influence and impact on municipal performance.

The management of municipal performance encompasses the provision of social services, the maintenance of fiscal operations, and adherence to statutory obligations (Avellaneda, 2008). …

Harnessing The Power Of Storytelling And Storylistening: Fostering Challenging Conversations In Coastal Communities, Holly E. Parker Phd

Maine Policy Review

As sustainability practitioners we often spend our time in vibrant echo chambers. We’re invigorated by debates about how to support just and sustainable communities and environments. But what happens outside that echo chamber? What happens when we meet a neighbor, a colleague or a decisionmaker who doesn’t share our urgency for action? Do we go it alone as we seek to make change? Or do we need to build new, unexpected partnerships? In a time when technology and political and social divisiveness make it easy to dismiss the other, it is vital that we build pathways to understanding opposing points …

Economic Analysis Of Population-Based Next Generation Sequencing For Breast Cancer, Sapphire Curelaru

University Honors Theses

Breast cancer develops due to accumulated DNA replication insults which causes cancer to uncontrollably proliferate. An individual's predisposition to developing cancer, as well as the composition of a tumor, can be sequenced using genetic tests. Myriad's BRACAnalysis CDx^® seems to be the most utilized genetic test. However, Next Generation Sequencing (NGS) seems to be a better genetic test for breast cancer when compared to Myriad's BRACAnalysisCDx^® in terms of return-time, accuracy, efficiency, and healthcare cost. By using Next Generation Sequencing tests, stakeholders can save money on genetic testing which can be invested in more genetic tests. Payers can …

What Is The Potential Of Non-Battery Energy Storage To Increase Grid Resilience?, Andrew Withers

All Graduate Reports and Creative Projects, Fall 2023 to Present

This paper seeks to evaluate different technologies in energy storage to determine which ones have the most potential to benefit the energy grid. Technologies like pumped hydro, thermal, gravity, hydrogen, and compressed air storage will be evaluated based on overall costs, marginal costs, unique applications, and efficiency. This paper compares the technologies to batteries on the previous criteria. I also provide a discussion on the policy and economic barriers to the further use of non-battery technologies to support grid reliability during the transition to a cleaner grid that is more reliant on variable renewable generators.