Econometrics Commons^™

Do Public School Choice Policies Segregate Schools? Dynamic Effects In Michigan, Danielle Sanderson Edwards, Kaitlin P. Anderson

Educational Leadership & Workforce Development Faculty Publications

Interdistrict choice has the potential to exacerbate or alleviate between-district segregation-an increasingly pervasive form of U.S. school segregation-by allowing students to attend schools in districts where they do not reside. Prior research concentrates on the effects of charter schooling on segregation within districts and counties. We used longitudinal enrollment and demographic data from Michigan to examine the impacts of both interdistrict and charter school choice on racial and economic segregation within and between districts in a single setting. We estimated these effects by leveraging between-grade differences in choice use within school systems and years. We confirmed findings from previous research …

Gauging Growth Risk In An International Financial Centre: Some Evidence From Singapore, Hwee Kwan Chow

Research Collection School Of Economics

This paper applies the growth-at-risk framework proposed by Adrian et al. (2019) to Singapore, an international financial centre whereby financial shocks are intermediated away quickly. We gauge near-term risks around growth projections taken from the survey of professional forecasters by accounting for financial stress in both local and global financial markets, as well as worldwide economic uncertainty. The conditioning variables are first linked to future growth through quantile regressions, and the estimated quantiles are fitted with skew t-distributions to produce full predictive distributions. Scenario analysis reveals that greater local financial strain tends to widen the uncertainty of growth outlook, higher …

External Financing, Governance, And Infrastructure Development: Evidence From Sub-Saharan Africa, Afees Oluwashina Noah, Oladipo Olalekan David

CSID Journal of Infrastructure Development

Infrastructure development in Sub-Saharan Africa (SSA) requires diversified financing strategies to address a significant funding shortfall that cannot be met by domestic resources alone. This research evaluates the contributions of external financing—namely Official Development Assistance (ODA), Foreign Direct Investment (FDI), and Private Participation in Infrastructure (PPI)—in complementing domestic efforts to advance infrastructure in SSA. It examines their influence, alongside governance, on the development of physical and social infrastructure components. Employing methodologies such as Panel-Corrected Standard Errors (PCSE) and System Generalized Method of Moments (SGMM) across 43 SSA economies from 2000 to 2022, the analysis reveals that FDI substantially enhances physical …

Relocation Incentives In Alaska; Or, The Call Of The Wild And Transfer Payments, Nathan Miller

The Journal of Purdue Undergraduate Research

No abstract provided.

Forecasting Crime Rates Utilizing Machine Learning And Economic Indicators, Owen Miller

Honors Projects

Abstract: The following project utilized the correlation between economic indicators and crime rates to build tree-based machine learning algorithms that predict monthly crime rates in Ohio. The goal of the study was to answer how economic variables could be used in forecasting county level crime rates. A sample of 9 counties were utilized in building regression trees, random forests and evolutionary random forest models. The study concluded that lagged crime rates provided the best predictive ability in forecasting models, while economic variables provided more accuracy to property crime. The study could be furthered by creating models at the department level …

The Impact Of Technological Change On Achieving Sustainable Development: Panel Data Analysis On Emerging Countries (2004-2024), Mayar Walid Al, Ahmed Tarek Ta

Future Journal of Social Science

This study examines the impact of technological change on sustainable development in five emerging economies—Egypt, China, Brazil, India, and Turkey—over the period from 2004 to 2024 (World Bank, 2020; ITU, 2022). It seeks to understand how advancements in information and communication technologies, renewable energy, and manufacturing processes shape economic, social, and environmental sustainability (Geels et al., 2017; UNEP, 2021). Using panel data analysis, the research quantifies the relationship between technological indicators, such as ICT penetration and renewable energy adoption, and sustainable development outcomes, including GDP growth, environmental health, and social inclusion (Sadorsky, 2010; Shahbaz et al., 2016).

The findings reveal …

Estimating The Impacts Of Utah's Down Payment Assistance Program (Sb240): A Framework For Analyzing State And Regional Dpa Policies, Dylan Fallentine

All Graduate Reports and Creative Projects, Fall 2023 to Present

I examine the impact of Utah's Senate Bill 240, a targeted down payment assistance program for new homes priced under $450,000, on housing affordability and developer behavior. Using Synthetic Difference-in-Differences, Bayesian Structural Time-Series, Fixed Effects Difference-in-Differences, and Event Study Analysis, I assess whether SB240 influenced the construction of more affordable homes and led to reduced lot sizes, thereby fueling affordability.

My empirical analysis reveals that SB240 significantly reduced the transaction price of entry-level new homes in Utah, with an estimated average reduction of approximately $23,000. This effect is robust across various econometric models and data pools, indicating that the policy …

Financial Risk In A Changing Climate, Mashuk S. Rahman

LSU New Orleans Theses and Dissertations

Essay 1:

Given the missing-not-at-random (MNAR) nature of carbon emissions figures under the voluntary disclosure regulator environment, this research imputes synthetic emissions figures for both disclosing and non-disclosing publicly traded US firms, using an IV approach adapted for sample bias correction. The forward-observing implied cost of equity capital measure is consistently higher for carbon-intensive firms regardless of disclosure decision. This higher cost found in the large swath of high-emitting firms reduces the net present value of green transition investments, thus fueling existing research on the counterproductive natures of capital allocation in efforts to reduce corporate pollution. Contrary to emerging research, …

Striking A Balance: Market Shock & Responses In Automotive Components Manufacturing, Emma Lane Mcgahey

All Theses

This thesis examines the effects of extreme market shocks on supply chain dynamics within the automotive industry. Through an analysis of demand data from an automotive manufacturer to its component suppliers (January 2018 to May 2024), the study investigates the relationship between market shocks and supply chain responses, providing insights into how auto components inventory management handles downstream responses to market shocks. With supporting public data—from FRED, BLS, and the U.S. Census Bureau resources—we explore two primary relationships: the impact of market shocks on the Average Standard Deviation of Demand (SDO) and the effect of demand variability on expedited pricing …

Estimating The Effect Of Residential Sales Prices On Building Permits, Emilio Becerra

All Theses

This paper addresses home sales prices’ impact on residential building permit authorization in South Carolina’s Greenville and Richland counties amid the COVID-19 pandemic. The estimation uses a comprehensive data set of the housing markets in both counties for 2016 to 2022, incorporating 88,098 home sales. The analysis exploits the variation in sales prices of homes to analyze the sensitivity in the supply of permits to builders through an instrumental variables approach. Using two instruments, violent crimes and household income, the effect of sales prices on the supply of building permits is positive and statistically significant. Included in the first-stage regression …

How To Discipline Financial Markets: Reputation Is Not Enough, Maria Bigoni, Gabriele Camera, Marco Casari

ESI Working Papers

Historically, shocks originating in the financial sector often spilled over into the real sector with dramatic consequences. We study in the lab how interventions targeting disclosure and capital requirements of financial intermediaries can reduce insolvencies or prevent their negative effects from propagating to the broader economy. In our two-sector economy, consumers and producers can fund financial intermediaries, who, in turn, provide them with liquidity to settle trades. However, intermediaries may undertake risky investments and become insolvent, which depresses real economic activity. In the experiment, insolvencies were frequent. As a consequence, consumers and producers often refused to fund intermediaries, which lowered …

How Can Monetary Policy And Digitalization Enhance Economic Productivity Among Oic Members?, Basri Basri, Muhammad Akbar Ramadhani

Journal of Middle East and Islamic Studies

Studi ini bertujuan untuk menentukan dampak suku bunga, jumlah uang beredar, dan pengembangan TIK terhadap PDB per kapita dengan menggunakan pendekatan panel heterogen dinamis (panel ARDL) pooled mean group (PMG). Temuan kami menunjukkan bahwa kebijakan moneter memainkan peran penting bagi pendapatan per kapita di seluruh negara OKI pada tingkat pendapatan yang berbeda. Bagi OKI secara keseluruhan, suku bunga memiliki dampak positif dalam jangka panjang tetapi tidak berpengaruh dalam jangka pendek. Bagi sebagian besar LMIC dan UMIC, kenaikan suku bunga cenderung meningkatkan pendapatan per kapita, sedangkan bagi sebagian besar negara LIC, hubungannya negatif. Jumlah uang beredar memiliki dampak negatif terhadap pendapatan …

Optimal Har Inference, Liyu Dou

Research Collection School Of Economics

This paper addresses the problem of deriving heteroskedasticity and autocorrelation robust (HAR) inference for a scalar parameter of interest, under the assumption of a known upper bound on data persistence. Finite-sample optimal tests are derived within the Gaussian location model, revealing that robustness-efficiency tradeoffs are primarily determined by the maximal persistence. With a suitable adjustment to the critical value, the equal-weighted cosine (EWC) test emerges as nearly optimal, wherein the long-run variance is estimated through projections onto q type II cosines. This approach establishes a direct link between the choice of q and persistence assumptions, accompanied by adjustments to the …

Pengaruh Larangan Ekspor Karang Hias Terhadap Kondisi Terumbu Karang Di Indonesia, Fitrian Dwi Cahyo, Muhammad Halley Yudhistira

Jurnal Kebijakan Ekonomi

Indonesia has the largest coral population in the world, contributed as the world’s second largest ornamental corals exporter after Japan. Coral trade sparked the issues of habitat destruction, illegal trade, and coral health problems has prompted the government to banning of ornamental coral export. This study aims to find an empirical evidence does the policies mentioned above affect the condition of coral reefs in Indonesia. The author uses the Fixed-Effect Model on the Difference in Difference regression equation whose result show that export banning of ornamental corals does not significantly affect the condition of coral reefs in Indonesia.

Granulocyte Colony Stimulating Factor Promotes Scarless Tissue Regeneration, Jianhe Huang, Satish: Murphy Sati, Casey A. Spencer, Emmanuel Rapp, Stephen M. Prouty, Scott Korte, Olivia Ahart, Emily Sheng, Anna E. Kersh, Denis Leung, Thomas H. Leung, Leung, Denis H. Y.

Research Collection School Of Economics

Mammals typically heal with fibrotic scars, and treatments to regenerate human skin and hair without a scar remain elusive. We discovered that mice lacking C-X-C motif chemokine receptor 2 (CXCR2 knockout [KO]) displayed robust and complete tissue regeneration across three different injury models: skin, hair follicle, and cartilage. Remarkably, wild-type mice receiving plasma from CXCR2 KO mice through parabiosis or injections healed wounds scarlessly. A comparison of circulating proteins using multiplex ELISA revealed a 24-fold higher plasma level of granulocyte colony stimulating factor (G-CSF) in CXCR2 KO blood. Local injections of G-CSF into wild-type (WT) mouse wound beds reduced scar …

Estimating Firm-Level Production Functions With Spatial Dependence, Pao-Li Chang, Ryo Makioka, Bo Lin Ng, Zhenlin Yang

Research Collection School Of Economics

This paper proposes a three-stage efficient GMM estimation algorithm for estimating firm-level production functions given spatial dependence across firms due to supplier-customer relationships, sharing of input markets, or knowledge spillover. The procedure builds on Ackerberg, Caves and Frazer (2015) and Wooldridge (2009), but in addition, allows the productivity process to depend on the lagged output levels and lagged input usages of related firms, and spatially correlated productivity shocks across firms, where the set of related firms can differ across the three dimensions of spatial dependence. We establish the asymptotic properties of the proposed estimator, and conduct Monte Carlo simulations to …

A Granular Investigation On The Stability Of Money Demand, Zhengyang Chen, Victor J. Valcarcel

Faculty Publications

A large literature has shown money demand functions constructed from simple-sum aggregates are unstable. We revisit the controversy surrounding the instability of money demand by examining cointegrating income-money relationships with the Divisia monetary aggregates for the U.S., and compare them with their simple-sum counterparts. We innovate by conducting a more granular analysis of various monetary assets and their associated user costs. We find characterizing money demand with simple-sum measures only works well in a period preceding 1980. Divisia aggregates, their components, and their user costs provide a more reliable interpretation of money demand. Subsample analysis across 1980 and 2008 suggests …

Assessing The Recreational Charter Fishing Market In Florida: A Hedonic Price Analysis, Mehrnoosh Asadi, Pallab Mozumder, Mahadev G. Bhat

Journal of Ocean and Coastal Economics

In this study we analyze the effect of a wide range of factors on the variation of recreational fishing trip prices in Florida. We collected extensive data from recreational fishing websites maintained by guides and outfitters and used different empirical methods for quantifying the relationship between trip price and various trip characteristics. The Hedonic Price model was used to estimate the implicit prices of freshwater and saltwater fishing trip characteristics. The results suggest that freshwater and saltwater anglers significantly value the lodging feature included in the fishing trip package. Moreover, saltwater anglers had a higher willingness to pay to catch …

Axiomatic Characterization Of Generalized Neo-Eu Preferences And The Falsifiability Of Ambiguity Theories, Manuel Nunez, Mark Schneider

ESI Working Papers

We introduce a new weakening of the independence axiom, co-extreme independence, which we show characterizes a class that encompasses popular ambiguity models including Hurwicz preferences, ϵ-contamination preferences, and NEOEU preferences. Importantly, our representation unifies these as forms of simple ambiguity models as we show that the Vapnik-Chervonenkis (VC) dimension of these models is either unity or increases linearly with the number of states. In contrast, standard ambiguity models characterized in the Anscombe-Aumann framework are complex ambiguity models that have a VC dimension that is either infinite or increases exponentially in the number of states. We show that simple ambiguity preferences …

A Critical Evaluation Of Loss Aversion As The Determinate Of Effort In Compensation Framing, Timothy W. Shields, James Wilhelm

ESI Working Papers

A robust finding in managerial accounting research is that participants prefer contracts framed as bonuses to economically equivalent contracts framed as penalties. Another finding is that participants put forth more effort when facing penalty contracts than equivalent bonus contracts. Both results are commonly described as due to loss aversion, an integral portion of prospect theory. We test whether loss aversion is correlated with higher effort in an experiment with two parts. In the first part, we elicit individual participants' loss aversion using two measures. In the second part of the experiment, participants choose costly effort to increase the likelihood of …