An Empirical Analysis Of The Impact Of Covid-19 On Trade: Evidence From A Small Island African Economy,
2023
University of Mauritius, Réduit, Mauritius
An Empirical Analysis Of The Impact Of Covid-19 On Trade: Evidence From A Small Island African Economy, Z Khan Jaffur, V Tandrayen-Ragoobur, B Seetanah
Journal of African Trade
This study investigates the potential impacts of the COVID-19 pandemic and related containment measures on the trade system of Mauritius for the period January 2010 to June 2021. As the pandemic spread across the globe due to high interconnectedness across countries, authorities has also established stringent health containment measures in the form of restrictions on people and businesses to slow the propagation of the virus. Being a small island economy highly dependent on international trade, Mauritius also faced the brunt of the pandemic which disrupted its economic activities and trade flows with its main trading partners. COVID-19 incidence and lockdown …
Gambling On Growth: An Analysis Of The Early Impact Of Historical Horse Racing On Kentucky’S Thoroughbred Industry,
2023
University of Kentucky
Gambling On Growth: An Analysis Of The Early Impact Of Historical Horse Racing On Kentucky’S Thoroughbred Industry, Barrett W. Kerr
Theses and Dissertations--Agricultural Economics
With a continuous decline in on-track wagering on Thoroughbred racing, racetrack operators are exploring alternative revenue sources to fund purses and create better quality racing. Historical Horse Racing (HHR), which represents one of the most recent advancements in parimutuel wagering, has become a popular system used by many states to offset the live wagering decline. Proponents of HHR suggest that this alternative wagering option will benefit the live racing industry. Using data from Kentucky racetracks from 2002 – 2021, this study examines the relationship between HHR wagering and key industry metrics, such as purses, on-track wagering, sales prices, and foal …
Economic Freedom And One-Way Truck Rental Prices: An Empirical Note,
2023
Old Dominion University
Economic Freedom And One-Way Truck Rental Prices: An Empirical Note, Alexander Cardazzi, Robert A. Lawson
Economics Faculty Publications
This study examines the one-way truck rental prices for 378 cities. There are large price differentials in one-way rental prices between city pairs. The pull of people toward higher economic freedom locales and push away from lower economic freedom locales is found to be an important determinant of the city-pair price differentials.
Esg Scores As A Measure Of Risk: The Relationship Between Environmental, Social, And Corporate Governance Ratings And The Financial Performance Of U.S. Oil And Gas Companies,
2023
Scripps College
Esg Scores As A Measure Of Risk: The Relationship Between Environmental, Social, And Corporate Governance Ratings And The Financial Performance Of U.S. Oil And Gas Companies, Lauren Kim
Scripps Senior Theses
This study investigates the association between ESG (environmental, social, corporate governance) scores on the financial performance of U.S. oil and gas companies, an industry facing significant ESG-related pressures. ESG scores evaluate a firm’s environmental impacts, social responsibility, and corporate governance practices and can be used as a form of evaluating a firm’s risk mitigation efforts. However, there is not sufficient evidence to conclude that there exists a relationship, positive or negative, between ESG scores and firm performance in this industry. Overall, the findings of this study highlight the growing interest in ESG investing and is useful for investors and firms …
An Investigation On Wage Penalties: The Effect Of Foreign-Born Status On Employee Wages, Salaries, And Incomes In The United States And Canada,
2023
Scripps College
An Investigation On Wage Penalties: The Effect Of Foreign-Born Status On Employee Wages, Salaries, And Incomes In The United States And Canada, Lucy C. Dustman
Scripps Senior Theses
This paper investigates whether there is a wage penalty that negatively affects foreign-born employees in the United States and Canada, addressing the following two questions: (1) Does being a foreign-born employee result in a wage penalty in the United States and Canada? And if so, (2) How does this penalty differ across the two countries over time? With data collected from the Integrated Public Use Microdata Series (IPUMs), four separate multiple linear regression models are estimated to compare the presence of wage penalties across various industries and occupations. These analyses cover the following comparisons: the United States in 1990 and …
Permutation-Based Tests For Discontinuities In Event Studies,
2023
Northwestern University
Permutation-Based Tests For Discontinuities In Event Studies, Federico Bugni, Jia Li, Qiyuan Li
Research Collection School Of Economics
We propose using a permutation test to detect discontinuities in an underlying economic model at a cutoff point. Relative to the existing literature, we show that this test is well suited for event studies based on time-series data. The test statistic measures the distance between the empirical distribution functions of observed data in two local subsamples on the two sides of the cutoff. Critical values are computed via a standard permutation algorithm. Under a high-level condition that the observed data can be coupled by a collection of conditionally independent variables, we establish the asymptotic validity of the permutation test, allowing …
Can Digital Finance Promote Low-Carbon Transition? Evidence From China,
2023
Singapore Management University
Can Digital Finance Promote Low-Carbon Transition? Evidence From China, Xing Ge, Tomoki Fujii
Research Collection School Of Economics
Using panel data of Chinese cities from 2011 to 2019, this paper analyzes the impact of digital finance on low-carbon transition derived from a super-efficiency slacks-based measure data envelopment analysis. We find that digital finance promotes low-carbon transition, and this finding is robust with respect to the choice of sample, potential presence of measurement issue, choice of study period, presence of other policies, and potential endogeneity, among others. This impact is at least in part goes through increased green innovations. We also find evidence for impact heterogeneity across locations and by the level of low-carbon transition.
Conditional Evaluation Of Predictive Models: The Cspa Command,
2023
Singapore Management University
Conditional Evaluation Of Predictive Models: The Cspa Command, Jia Li, Zhipeng Liao, Rogier Quaedvlieg, Wenyu Zhou
Research Collection School Of Economics
In this article, we introduce a new command, cspa, that implements the conditional superior predictive ability test developed in Li, Liao, and Quaedvlieg (2022, Review of Economic Studies 89: 843–875). With the conditional performance of predictive methods measured nonparametrically by the conditional expectation functions of their predictive losses, we test the null hypothesis that a benchmark model weakly outperforms a collection of competitors uniformly across the conditioning space. The proposed command can implement this test for both independent cross-sectional data and serially dependent time-series data. Confidence sets for the most superior model can be obtained by inverting the test, for …
A Mixture Autoregressive Model Based On Student’S T–Distribution,
2023
University of Helsinki
A Mixture Autoregressive Model Based On Student’S T–Distribution, Mika Meitz, Daniel Preve, Pentti Saikkonen
Research Collection School Of Economics
A new mixture autoregressive model based on Student’s t–distribution is proposed. A key feature of our model is that the conditional t–distributions of the component models are based on autoregressions that have multivariate t–distributions as their (low-dimensional) stationary distributions. That autoregressions with such stationary distributions exist is not immediate. Our formulation implies that the conditional mean of each component model is a linear function of past observations and the conditional variance is also time-varying. Compared to previous mixture autoregressive models our model may therefore be useful in applications where the data exhibits rather strong conditional heteroskedasticity. Our formulation also has …
Bubble Testing Under Polynomial Trends,
2023
Fudan University
Bubble Testing Under Polynomial Trends, Xiaohu Wang, Jun Yu
Research Collection School Of Economics
This paper develops the asymptotic theory of the least squares estimator of the autoregressive (AR) coefficient in an AR(1) regression with intercept when data is generated from a polynomial trend model in different forms. It is shown that the commonly used right-tailed unit root tests tend to favor the explosive alternative. A new procedure, which implements the right-tailed unit root tests in an AR(2) regression, is proposed. It is shown that when the data generating process has a polynomial trend, the test statistics based on the new procedure cannot find evidence of explosiveness. Whereas, when the data generating process is …
Evaluating The Effect Of Nil Laws On College Athletic Department Revenue,
2023
University of Montana
Evaluating The Effect Of Nil Laws On College Athletic Department Revenue, Dylan C. Cherullo
Undergraduate Theses, Professional Papers, and Capstone Artifacts
This paper examines the impact of Name, Image, and Likeness (NIL) laws on revenue for public Division I universities' athletic departments, challenging the long-standing debate within the National Collegiate Athletics Association (NCAA). Utilizing panel data from the Knight Commission on College Athletics, which encompasses over 350 public Division I universities from 2002 to 2021, this study employs a difference-in-differences model. The model investigates state-level changes in university athletic department revenue from sponsorships (sponsrev), with special focus on the post-NIL law era. The analysis is bolstered by controls for various factors including ESPN’s FPI data, coach and equipment expenditures, and COVID-19 …
Guns And Fatal Police Shootings: Accuracy Of Firearm Prevalence Proxies In A Panel Data Analysis,
2023
Claremont Colleges
Guns And Fatal Police Shootings: Accuracy Of Firearm Prevalence Proxies In A Panel Data Analysis, Corin Elmore
CMC Senior Theses
This paper explores the relationship between gun prevalence and fatal police shootings in the United States. Specifically, the study assesses the validity of using FSS (Firearm Suicides Per Total Suicides) as a proxy for gun prevalence. It examines whether FBI background check data can be a more reliable alternative. Through a panel data analysis, the study provides moderate evidence that FBI background check data performs better than FSS as a proxy for gun prevalence and that the relationship between firearm prevalence and fatal police shootings is positive. Additionally, the study finds that instrumenting FSS with background check data to account …
Metrics At 8,000 Meters: Determinants Of Summit Success In The Himalayas,
2023
Claremont Colleges
Metrics At 8,000 Meters: Determinants Of Summit Success In The Himalayas, Alyssa Gallagher
CMC Senior Theses
This paper examines the determinants of success for individuals summiting 8,000-meter Himalayan peaks from 1995 to 2019. Using binary logistic regressions, this paper presents evidence that a climber’s citizenship is a highly significant determinant of success. Chinese citizens are clear outliers with 192% more odds of success than an American. The success rates related to season, gender, and year all conform with existing research, justifying the robustness of the citizenship trends. Despite controlling for per capita income, the results assert that wealth may not be an important determinant of success and provokes interesting questions as to what factors may influence …
Impact Of Recessions And The Business Cycle On Altruism,
2023
Claremont Colleges
Impact Of Recessions And The Business Cycle On Altruism, Nicolas De Mello
CMC Senior Theses
I examine how recessions and the business cycle impact the time individuals allocate to altruism, using American Time Use Survey data from 2002-2019. The aim of the paper was to create a measure of altruism to explore changes in attitudes towards charity and altruism instead of the financial ability to do so. Additionally, I want to understand how economic shocks, such as recessions, impact behaviors and habits across the US population. Using ordinary least squares and the Tobit model, I created two models to capture both changes during and after recessionary periods. The first model is a regression of individuals’ …
Renewable Portfolio Standards: Effectiveness And Carbon Implications,
2023
Claremont McKenna College
Renewable Portfolio Standards: Effectiveness And Carbon Implications, Alexander S. Albrecht
CMC Senior Theses
A renewable portfolio standard (RPS) policy is a popular regulatory tool implemented within the U.S. and abroad to limit energy sector emissions and incentivize renewable energy. Assessing their effectiveness and efficiency is a key component of achieving further reductions. We assess an energy market under an RPS using fixed-effects panel and 2SLS regression models to lend empirical credence to common theory-based concerns about RPS policy, namely (1) that they leave emissions unregulated once the RPS requirement is met and (2) that they do not incentivize full use of renewable energy resources. Our results show these to be valid concerns that …
The Paycheck Protection Program's Effect On Real Estate Prices,
2023
Claremont Colleges
The Paycheck Protection Program's Effect On Real Estate Prices, Someswar Amujala
CMC Senior Theses
This paper investigates the relationship between the Paycheck Protec- tion Program (PPP) and real estate price increases. The Paycheck Protection Program was established by the Small Business Association in 2020 to pro- vide forgivable loans to businesses to aid with potential losses from COVID- 19 impacts. I leverage zip code level data across the United States and a fixed effects panel data model to quantitatively measure the PPP’s influence on housing and rental prices. I find a positive and significant relationship between the number of PPP loans disbursed and housing and rental rates. Specifically, a 1% change in the number …
Impact Of Demand For H1b Visas In The Us On The Performance Of Listed Indian Firms,
2023
Claremont Colleges
Impact Of Demand For H1b Visas In The Us On The Performance Of Listed Indian Firms, Jayaditya Shekhar Maliye
CMC Senior Theses
This thesis examines the relationship between Indian firm performance and the demand for H1B visas in the US. To test this relationship, a fixed effects model has been used on a panel dataset of 104 Indian firms listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) over the period 2009 to 2021. The results show that an increase in H1B visa demand is negatively and significantly associated with Indian firm performance. These findings suggest that the US’s demand for high skilled labor overseas has consequences for firms in the home country.
Application Of Sentiment Analysis And Machine Learning Techniques To Predict Daily Cryptocurrency Price Returns,
2023
Claremont Colleges
Application Of Sentiment Analysis And Machine Learning Techniques To Predict Daily Cryptocurrency Price Returns, Edward Wu
CMC Senior Theses
This paper examines the effects of social media sentiment relating to Bitcoin on the daily price returns of Bitcoin and other popular cryptocurrencies by utilizing sentiment analysis and machine learning techniques to predict daily price returns. Many investors think that social media sentiment affects cryptocurrency prices. However, the results of this paper find that social media sentiment relating to Bitcoin does not add significant predictive value to forecasting daily price returns for each of the six cryptocurrencies used for analysis and that machine learning models that do not assume linearity between the current day price return and previous daily price …
Finding Answers In Gaps: The Relationship Between Drugs And Mexico's Economy,
2023
Claremont McKenna College
Finding Answers In Gaps: The Relationship Between Drugs And Mexico's Economy, Mariela Centeno
CMC Senior Theses
This paper sets out to understand the economic conditions that paved the way for the evolution and resilience of a powerful and resilient drug economy in Mexico. To do this, I examine the relationship between a proxy for drug movement from Mexico and large economic variables in the country. I use a dataset that incorporates the drug seizures from 1997 to 2022 to understand whether privatization and the resulting rising economic inequalities in Mexico paved the way for a growing drug economy. This paper builds on current literature regarding drug market estimates and drug economy interactions. Using an OLS regression …
Time Allocation Pattern For Household And Expenditure Saving Market Activities By Using Economic Value Of Time: A Gender-Based Analysis In Pakistan,
2023
University of Karachi, Pakistan
Time Allocation Pattern For Household And Expenditure Saving Market Activities By Using Economic Value Of Time: A Gender-Based Analysis In Pakistan, Hamna Nasir, Ambreen Fatima, Gulrukh Zahid
Business Review
The objective of this study is to estimate the opportunity cost of time spent on household work and expenditure saving market work performed by individuals by taking into account their personal and socio-demographic characteristics. Data is gathered from Labour Force Survey of Pakistan for different years. Pseudo panel technique is used by making cohorts of household and expenditure saving market activities, region and province. Increase in the opportunity cost of time increases female household work hours and expenditure saving market hours by 6.2 and 7.001 hours/week respectively, whereas increase in the opportunity cost of time increases male household hours and …
