The Relationship Between Inequality And Economic Growth: Evidence From Latin America,
2013
Bryant University
The Relationship Between Inequality And Economic Growth: Evidence From Latin America, Amanda Gallagher
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the complex relationship between income inequality and economic growth in the Latin American region. This study conducts an empirical analysis using economic growth as the dependent variable, to determine the impact inequality has on economic growth. This study uses panel data from countries in Latin America over the time period of 1994-2009. The empirical results show a negative relationship between inequality and economic growth in the Latin American region. In addition, the level of government expenditure and taxation in the countries impact economic growth.
Education And Wellbeing Of A Country,
2013
Bryant University
Education And Wellbeing Of A Country, Michael Arons
Empirical Economic Bulletin, An Undergraduate Journal
This paper examines education, employment sectors and GDP per capita. The study examines which aspects of education math, reading, or science is more important to an economy, and how they affect different employment sectors. The model will attempt to show if educational subject scores have an impact in different sectors of the economy. The main function of this model is to decipher how education affects the wellbeing of a country. The results will attempt to discern whether education impacts employment in various sectors, and conversely GDP per capita.
The Relationship Between The Stock Market And Economic Indicators: Evidence From Singapore And Hong Kong,
2013
Bryant University
The Relationship Between The Stock Market And Economic Indicators: Evidence From Singapore And Hong Kong, Kahini Dalal
Empirical Economic Bulletin, An Undergraduate Journal
This paper examines the relationship between the stock markets and economic variables of the selected countries: Singapore and Hong Kong. The quarterly data collected for Gross Domestic Product, Foreign Exchange Rates, Inflation and Current Account Balance, as well as Stock Prices ranges from January 2002 to December 2012. The analysis is focused on the results of the Cointegration and Granger Causality tests to estimate the relationship of the various economic indicators and the stock market indices. This estimation enables to assess whether the stock market index of the respective country is a good representation of the economic health of the …
Nonparametric Dynamic Panel Data Models: Kernel Estimation And Specification Testing,
2013
Singapore Management University
Nonparametric Dynamic Panel Data Models: Kernel Estimation And Specification Testing, Liangjun Su, Xun Lu
Research Collection School Of Economics
Motivated by the first differencing method for linear panel data models, we propose a class of iterative local polynomial estimators for nonparametric dynamic panel data models with or without exogeous regressors. The estimators utilize the additive structure of the first-differenced model, the fact that the two additive components have the same functional form, and the unknown function of interest is implicitly defined as a solution of a Fredholm integral equation of the second kind. We establish the uniform consistency and asymptotic normality of the estimators. We also propose a consistent test for the correct specification of linearity in typical dynamic …
Qml Estimation Of Dynamic Panel Data Models With Spatial Errors,
2013
Singapore Management University
Qml Estimation Of Dynamic Panel Data Models With Spatial Errors, Liangjun Su, Zhenlin Yang
Research Collection School Of Economics
We propose quasi maximum likelihood (QML) estimation of dynamic panel models with spatial errors when the cross-sectional dimension n is large and the time dimension T is fixed. We consider both the random effects and fixed effects models and derive the limiting distributions of the QML estimators under different assumptions on the initial observations. We propose a residual-based bootstrap method for estimating the standard errors of the QML estimators. Monte Carlo simulation shows that both the QML estimators and the bootstrap standard errors perform well in finite samples under a correct assumption on initial observations, but may perform poorly when …
A Book Review Of Capitalist Manifesto: Understanding The Market Economy And Defending Liberty,
2013
Kellogg Community College
A Book Review Of Capitalist Manifesto: Understanding The Market Economy And Defending Liberty, Brad Ward
Journal for the Advancement of Developing Economies
The purpose of this paper is to review the book A Capitalist Manifesto: Understanding the Market Economy and Defending Liberty by Gary Wolfram. In a time of political unrest throughout the industrialized and developing world, Wolfram defends the free market economic system and educates the reader as to the various benefits of capitalism. According to the author, governments should create concise laws and regulations that allow individuals to pursue their ambitions without unnecessary interference. Wealth redistribution, a trait associated with socialism, leads to stagnant economies and minimal innovations. The roles that banks and the government play in the economy are …
Multinational Enterprise Entry Modes In Sub-Saharan Africa: An Eclectic Paradigm Perspective,
2013
Morgan State University
Multinational Enterprise Entry Modes In Sub-Saharan Africa: An Eclectic Paradigm Perspective, Isaac Yao Addae, Martinez Vencia Addae
Journal for the Advancement of Developing Economies
The use of entry modes by multinational firms has received increased attention from international business scholars. Based on the context of sub-Saharan Africa, this research reviews the locational benefits offered to MNEs by in this region. Borrowing from the eclectic paradigm of international production, the research also examines the effects of each type of entry on the locational advantages offered to MNEs. Propositions are presented to suggest which mode of entry MNEs should pursue in African markets, based on the existence of locational advantages that complement existing firm-specific advantages. Practical and research implications are discussed, in addition to considerations for …
Exchange Rate Volatility And Foreign Direct Investment In Sub-Saharan Africa,
2013
University of Cape Coast, Ghana
Exchange Rate Volatility And Foreign Direct Investment In Sub-Saharan Africa, Emmanuel Ekow Asmah, Francis Kwaw Andoh
Journal for the Advancement of Developing Economies
Foreign Direct Investment (FDI) is an important source of financing development. It enhances efficiency and raises skills of local manpower, facilitates transfer of technology, generates employment and promotes productivity resulting in broad welfare improvements. Although FDI could have a substantial impact on the growth of African economies, poverty reduction and the achievement of various dimensions of human development as articulated in the Millennium Development Goals, its flows to Africa, though growing steadily have been relatively low, volatile, and highly concentrated in a few countries. One of the factors that have been identified in the literature as key drivers of FDI …
Determinants Of Savings Rate In Rural Nigeria: A Micro Study Of Kwara State,
2013
University of Ibadan, Nigeria
Determinants Of Savings Rate In Rural Nigeria: A Micro Study Of Kwara State, Oluwakemi Adeola Obayelu
Journal for the Advancement of Developing Economies
The inability of households to save over time has significant influence on the rate of capital accumulation and economic growth in developing countries. In order to understand this trend, this research assesses savings rates and its correlates in rural Kwara state, Nigeria. A multistage sampling procedure was used to obtain data from 120 households. This was then analyzed using two descriptive statistics: the generalized linear model and the Tobit regression model. Results show that majority of the rural households were male-headed (81.0 percent) and combined farming with other non-farming activities (73.5 percent). The Tobit regression model reveals that age squared …
The Price Discounts Of Chinese Cross-Listed Companies And Their Variation Across Sectors,
2013
Claremont McKenna College
The Price Discounts Of Chinese Cross-Listed Companies And Their Variation Across Sectors, Tom Guo
CMC Senior Theses
This study builds on the paper by Arquette, Brown, and Burdekin (2008) and asks whether the factors which they find to be significant in influencing the differential between the share prices of Chinese securities traded on their home market in Shanghai versus share prices observed offshore in Hong Kong and New York have varying degrees of influence when compared across industries. This paper focuses on Chinese companies listed on both the Shanghai and Hong Kong Stock Exchanges and finds that the proxy variables of expected exchange rate change, relative market sentiment, and relative company sentiment are significant in determining the …
How Many Barack Obamas Does It Take: An Analysis Of The Effect Of Charter Schools On Real Estate And Crime,
2013
Claremont McKenna College
How Many Barack Obamas Does It Take: An Analysis Of The Effect Of Charter Schools On Real Estate And Crime, Aananditaa Kakkar
CMC Senior Theses
This study looks at the relationship between charter school presence and neighborhood quality in Los Angeles. Using data from the Los Angeles Department of Education, Zillow Real Estate, and the Los Angeles Sheriff, this paper attempts to find whether changes in charter presence influence the price of surrounding real estate or the occurrence of serious and petty crimes. The results find that charter schools tend to be associated with a decrease in home sale prices. The results on crime imply that crime increases upon the opening of charter schools, however they are statistically insignificant.
Explaining The “Explained”: An Examination Of The Gender-Based Education Gap In India And Its Impact On The Wage Gap,
2013
Claremont McKenna College
Explaining The “Explained”: An Examination Of The Gender-Based Education Gap In India And Its Impact On The Wage Gap, Kanupriya Rungta
CMC Senior Theses
Analysis of the National Sample Survey Data from 2011-2012 shows that a gender-based education gap exists. Women are more likely than men to be illiterate. Some parents continue to view household duties as more important than education in the case of girls, causing some to drop out in primary and middle school, which leads to lower experience accumulation. However, females are almost equally as likely as males to be enrolled in school, and an equal proportion of males and females earn higher education degrees. More importantly, the difference in resource allocation seems to be minimal. Although education has a strong, …
State Level Earned Income Tax Credit’S Effects On Race And Age: An Effective Poverty Reduction Policy,
2013
Claremont McKenna College
State Level Earned Income Tax Credit’S Effects On Race And Age: An Effective Poverty Reduction Policy, Anthony J. Barone
CMC Senior Theses
In this paper, I analyze the effectiveness of state level Earned Income Tax Credit programs on improving of poverty levels. I conducted this analysis for the years 1991 through 2011 using a panel data model with fixed effects. The main independent variables of interest were the state and federal EITC rates, minimum wage, gross state product, population, and unemployment all by state. I determined increases to the state EITC rates provided only a slight decrease to both the overall white below-poverty population and the corresponding white childhood population under 18, while both the overall and the under-18 black population for …
Carbon Emissions And Economic Growth: A Granger Causality Analysis Across 18 Countries,
2013
Bryant University
Carbon Emissions And Economic Growth: A Granger Causality Analysis Across 18 Countries, Rohan Vakil
Empirical Economic Bulletin, An Undergraduate Journal
In this paper, an analysis of the relationship between Economic Growth and Carbon Emissions will be done using data from 9 Developed Countries, and 9 Less Developed Countries, as determined by the World Bank and United Nations. The countries analyzed will be Canada, France, Germany, Italy, Japan, Korea (South), Spain, United Kingdom, United States of America (9 Developed Countries); and India, Indonesia, Iran, Malaysia, Mexico, Brazil, Russian Federation, Saudi Arabia, and South Africa (9 Less Developed Countries). This research expands on the research done by Barassi and Spagnolo (2012), and Coondoo and Dinda (2003).
Determinants Of Fdi Inflows Into South America,
2013
Bryant University
Determinants Of Fdi Inflows Into South America, Dario Castro
Empirical Economic Bulletin, An Undergraduate Journal
This study provides a panel data analysis of the key determinants of FDI as determined by the market such as market size, economic stability, trade liberalization, population, growth prospects, and exchange rates. Additionally, other variables such as physical infrastructure, quality of institutions and central bank exchange rate regimes. This paper seeks to show the major policy implications of variables that can be influenced through government intervention. The empirical research is conducted with focus on South American FDI inflows over the last three decades, due to the great presence of natural resources and cheap labor in the region which have contributed …
The Causality Between Budget Deficits And Interest Rates In Asean Countries,
2013
Bryant University
The Causality Between Budget Deficits And Interest Rates In Asean Countries, Janhavi Nerurkar
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the correlation between budget deficits and interest rates across countries of varying income levels across Southeast Asia using the Granger-causality econometric model. It consists of a time series analysis of budget deficits (local currency unit) and real interest rates in Indonesia, Malaysia, Thailand, the Philippines and Singapore from 1990 to 2011.This analysis concludes that budget deficits and interest rates do not cause one another in the countries under consideration.
The Effect Of Macroeconomic Variables On Domestic Homeownership Rates,
2013
Bryant University
The Effect Of Macroeconomic Variables On Domestic Homeownership Rates, Patrick Graydon
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates how various macroeconomic variables affect homeownership rates in the United States. Some of the variables explored in this study include interest rates, unemployment rate, average household income, inflation rate, GDP, population, and residential construction. The paper uses quarterly data from quarter one of 2000 to quarter three of 2012. The results show the economic indicators that are closely correlated with the rate of homeownership.
An Empirical Study Of Salary Discrimination In Professional Basketball,
2013
Bryant University
An Empirical Study Of Salary Discrimination In Professional Basketball, Joshua Reynolds
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the racial differences in salaries amongst professional basketball players during the 2011-2012 season. Prior studies from the 1980s and 1990s show that white and black players have earned a comparable mean salary, based on performance variables and other player characteristics. However these studies have shown, that taking race in as a factor when running regressions of the data, preference exists towards white player salaries. This paper looks to see if the recent shift in demographic makeup of the NBA prevalent during the late 1990s and 2000s has led to a more equitable distribution of salaries based on …
Institutional Quality, Income Inequality, And Economic Growth In Latin American Countries,
2013
Bryant University
Institutional Quality, Income Inequality, And Economic Growth In Latin American Countries, Courtney Pomer
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the possibility of the institutional quality of a country having an effect on income inequality and economic growth in Latin American Countries. The study incorporates the gini variable and growth rates of GDP in each country to examine the influence of corruption on the various countries throughout Latin America. Looking at previous research it has been found that corruption is positively correlated with income inequality and negatively correlated with economic growth. The variable for corruption in this study however measures the control of corruption in each country, so we will be looking at the institutional quality and …
State Government Revenue: The Effects Of Legalized Gambling,
2013
Bryant University
State Government Revenue: The Effects Of Legalized Gambling, Nicholas S. Malz
Empirical Economic Bulletin, An Undergraduate Journal
When facing financial constrictions, legalized gambling is an attractive alternative for state governments. Most empirical evidence on this topic only examines a single industry in a particular state. This study involves a general analysis of three different forms of gambling across all 50 states. The data is comprised of the gambling volume and state government revenues for all 50 states from 2000 to 2010. From the research, lotteries and horse racing typically increase state revenues, while casinos tend to decrease state revenues.
