Is There Really A Foreign Language Premium In Canada?: Evaluating The Foreign Language Effect On Canadian Wages,
2018
University of British Columbia
Is There Really A Foreign Language Premium In Canada?: Evaluating The Foreign Language Effect On Canadian Wages, Peter C. Ki
Undergraduate Economic Review
Given the debates on whether knowing a foreign language has a positive or negative effect on wages, there is little or no research conducted on how it fares in Canada, despite extensive studies on French and English. Using the Public Use Microdata Files of the 2011 National Household Survey by Statistics Canada, I find a 2.84% wage penalty for Canadians who know a foreign language and an even greater penalty for Canadians who use these languages at work. I proceed to decompose the results by language and occupation to find varying results. I also attempt to use a religion proxy …
Rhode Island Current Conditions Index -- February 2018,
2018
University of Rhode Island
Rhode Island Current Conditions Index -- February 2018, Leonard Lardaro
The Rhode Island Current Conditions Index
No abstract provided.
Integrated Deviance Information Criterion For Latent Variable Models,
2018
Renmin University of China
Integrated Deviance Information Criterion For Latent Variable Models, Yong Li, Jun Yu, Tao Zeng
Research Collection School Of Economics
Deviance information criterion (DIC) has been widely used for Bayesian model comparison, especially after Markov chain Monte Carlo (MCMC) is used to estimate candidate models. This paper studies the problem of using DIC to compare latent variable models after the models are estimated by MCMC together with the data augmentation technique. Our contributions are twofold. First, we show that when MCMC is used with data augmentation, it undermines theoretical underpinnings of DIC. As a result, by treating latent variables as parameters, the widely used way of constructing DIC based on the conditional likelihood, although facilitating computation, should not be used. …
Bayesian State Space Representation Model: Applications To Macroeconomics And International Finance,
2018
CUNY Graduate Center
Bayesian State Space Representation Model: Applications To Macroeconomics And International Finance, Hiroshi Morita
Dissertations, Theses, and Capstone Projects
This dissertation develops three new econometric models using Bayesian state space representation model in order to apply to macroeconomics and international finance. It consists of 3 chapters. Chapter 1 develops a Markov mixture model of macroeconomic fundamentals to analyze the short-run dynamics of foreign exchange rates. In our model, foreign exchange rates are simultaneously determined by three parities: the interest rate parity, the inflation rate parity, and the equity return rate parity. Using four exchange rates: the U.S. dollar price of the British pound, the German mark, the Japanese yen, and the Canadian dollar, the findings are: (1) Our model …
Return And Volatility Spillovers Between The Renminbi And Asian Currencies,
2018
Singapore Management University
Return And Volatility Spillovers Between The Renminbi And Asian Currencies, Hwee Kwan Chow-Tan
Research Collection School Of Economics
This paper examines the extent of interdependence between the Chinese Renminbi and Asian currenciesafter the global financial crisis. We combine the distinct influence of offshore Renminbi with the impact ofthe onshore rate on eight Asian currencies (including the Australian dollar). Diebold-Yilmaz spilloverindexes reveal Asian foreign exchange markets are subject to considerable cross-border transmissions. Interms of the US dollar bilateral exchange rates, cross-border transfers of daily return are strongercompared to daily volatility reflecting currency management by regional authorities to curb excessiveexchange rate volatility. Return spillovers from the Renminbi markets to individual Asian foreignexchange markets are generally on par with that from …
The Tug-Of-War In The Laboratory,
2018
Chapman University
The Tug-Of-War In The Laboratory, Cary Deck, Roman Sheremeta
ESI Working Papers
The tug-of-war is a multi-battle contest often used to describe extended interactions in economics, operations management, political science, and other disciplines. While there has been some theoretical work, to the best of our knowledge, this paper provides the first experimental study of the tug-of-war. The results show notable deviations of behavior from theory derived under standard assumptions. In the first battle of the tug-of-war, subjects often bid less, while in the follow-up battles, they bid more than predicted. Also, contrary to the prediction, bids tend to increase in the duration of the tug-of-war. Finally, extending the margin necessary to win …
Impact Of Behavioral Finance/Economics On Investment Decisions,
2018
Bryant University
Impact Of Behavioral Finance/Economics On Investment Decisions, Vidur Relan
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the impact of certain behavioral and psychological factors on financial investment decisions. The study of behavioral finance underlines the impact of psychological elements on financial markets progression. This paper will further explain how certain cognitive and emotional factors influence irrational decision making by people. Generally financial investors have very limited number of deviations from rational behavior. They lay emphasis on taking rational decisions which are focused on achieving the maximum amount of returns from their investments with a certain degree of bearable risk involvement. The behavioral finance paradigm suggests that financial decisions are largely influenced by emotional …
Does Night Skiing Save Ski Areas? A Survival Analysis,
2018
Bryant University
Does Night Skiing Save Ski Areas? A Survival Analysis, Andrew Krom
Empirical Economic Bulletin, An Undergraduate Journal
This paper conducts a survival analysis on New England ski areas to examine the factors that cause a ski area to exit the industry. The main variable of interest in this case was whether or not the mountain conducted night time operations. Very specific criteria was used for the areas included in the study. This paper also suggests improvements that could be made to future studies on the subject.
Rhode Island Current Conditions Index -- January 2018,
2018
University of Rhode Island
Rhode Island Current Conditions Index -- January 2018, Leonard Lardaro
The Rhode Island Current Conditions Index
No abstract provided.
Benchmarking The Educational Progress Of African American And Latino Students In Arkansas,
2018
University of Arkansas, Fayetteville
Benchmarking The Educational Progress Of African American And Latino Students In Arkansas, Mervin Jebaraj
Urban League of the State of Arkansas
The Urban League of Arkansas partnered with the Center for Business and Economic Research in the Sam M. Walton College of Business at the University of Arkansas to produce a report providing data to identify twelve key areas of need in the African American and Latino communities in Arkansas and to assist in the development of programs and policies to address them. The twelve indicators are enrollment, expenditure per student, fourth grade literacy and math achievement levels, eighth grade literacy and math achievement levels, disciplinary actions, dropout rates, graduation rates, college going rates, educational attainment for the population over the …
A Data Analysis Of Fdi Inflows And Poverty Rates In Central America,
2018
Bryant University
A Data Analysis Of Fdi Inflows And Poverty Rates In Central America, Scott Jarrett
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the impact of Foreign Direct Investment on poverty rates in Central America. The study incorporates a data analysis to discover whether FDI improves (lowers) poverty rates in Central American countries. this paper found that FDI Inflows did have significant and positive impacts on life expectancy and household consumption while having no impact on infant mortality rate.
Official Development Assistance And Social Capitals Impact On Economic Growth,
2018
Bryant University
Official Development Assistance And Social Capitals Impact On Economic Growth, Thomas D. Hanley
Empirical Economic Bulletin, An Undergraduate Journal
This study intends to increase the understanding of the impact social capital has on economic growth in countries that receive official development assistance. By analyzing these relationships further, it may be possible to develop strategies to increase economic growth and prosperity in these regions. The results show that economic growth is not contingent upon high levels of trust but trust rich environments conditions the effectiveness of oda in stimulating growth.
What Contributes To Winning Gold? A Cross-Section Analysis Of Olympic Success,
2018
Bryant University
What Contributes To Winning Gold? A Cross-Section Analysis Of Olympic Success, Shannon Gay
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the relationship between Olympic success and economic factors, does it take more than just athleticism to win a medal at the Summer Olympic Games? This study is a cross-section analysis of eighty-three countries at the 2016 Rio Summer Olympics who won at least one medal, using share of medals won at the 2016 Summer Olympic Games as the dependent variable and factors including gross domestic product, country population, life expectancy, HDI, host country status, political environment, and past Olympic performance as the independent variables. The results show that there is a positive and statistically significant relationship between …
The Effects Of Varied Income And Education Levels On Divorce In The United States,
2018
Bryant University
The Effects Of Varied Income And Education Levels On Divorce In The United States, Elizabeth Willmonton
Empirical Economic Bulletin, An Undergraduate Journal
In the past decade in the United States we have witnessed a surge in the divorce through the 21st century. Within the past decade these numbers have been slowing, leaving many asking for what the original increase was caused by. This paper looks into the possible driving variables for divorce in couples in the United States from the early 1970s to present. Using data from the Michigan Panel Study of Income Dynamics, our model will focus on dependent variable divorce and how factors such as income of wife and husband, age married, and education level; possibly impact divorce in couples. …
The Effects Of An Increasing Federal Minimum Wage On Federal Unemployment And Job Automation Levels,
2018
University of Central Florida
The Effects Of An Increasing Federal Minimum Wage On Federal Unemployment And Job Automation Levels, Kiana Krayeski
Honors Undergraduate Theses
The industrial revolution was the start of increasing technological advancements that are continuing to grow today. Technology improves accuracy, efficiency and is more productive in comparison to human labor as it does not require breaks and cannot violate any labor laws. With many innovations available today, firms have more options to choose from and can select the relatively cheaper solution. The push for a fifteen-dollar minimum wage affects the firm's options, and the use of technology might increasingly become the more viable choice. This study took data from the years 1993 to 2016 and created two regressions using the unemployment …
Mortgage Finance Market And Housing Affordability In Urban Areas In Rwanda: A Case Of Kigali City,
2018
University of Rwanda
Mortgage Finance Market And Housing Affordability In Urban Areas In Rwanda: A Case Of Kigali City, Samuel Iyandemye, Jonas Barayandema, Faustin Gasheja
Journal for the Advancement of Developing Economies
Rapid urbanization in Rwanda has considerably increased housing demand and the need for a dependable mortgage market. Unfortunately, the capacity of most people to afford to own homes from their own incomes is still a challenge as mortgages products are available at outrageous conditions making mortgage finance unaffordable. For better market readjustment, the effects or mortgage market factors on housing affordability in any locality should be properly evaluated. The objective of this study is to determine how mortgage finance market affects the affordability of housing in Kigali, the capital city of Rwanda. To attain this objective, data was obtained from …
Food Insecurity In Urban Slums: Evidence From Ibadan Metropolis, Southwest Nigeria,
2018
University of Ibadan
Food Insecurity In Urban Slums: Evidence From Ibadan Metropolis, Southwest Nigeria, Oluwakemi A. Obayelu
Journal for the Advancement of Developing Economies
Food insecurity is a major challenge among the urban poor who reside mainly in slums. The prevalence and determinants of food insecurity among households living in urban slums of Ibadan, Nigeria were therefore assessed. Data were analyzed using descriptive statistics and ordered probit model. Food insecurity was found to be prevalent among the slum residents, with about 81% being food insecure. Nine out of every 10 (89.1%) households were male-headed. The largest proportion of the mildly food insecure (37%) household heads were less than 30 years old, while the largest proportion of moderately food insecure (45%) and severely food insecure …
Educational Expenditure And Economic Growth Nexus In Nigeria (1987-2016),
2018
University of Ibadan, Nigeria
Educational Expenditure And Economic Growth Nexus In Nigeria (1987-2016), Abiodun O. Ayeni, Osagie F. Omobude
Journal for the Advancement of Developing Economies
This study empirically investigated educational expenditure and economic growth nexus in Nigeria using secondary and times series data from 1987 to 2016, sourced from the Central Bank of Nigeria (CBN), National Bureau of Statistics (NBS) and other agencies and sources. Relevant statistical tools were employed in exploring the relationships between these variables. The random characteristics of the variables were tested using the Augmented Dickey Fuller (ADF) technique. The links among educational expenditure, education sectoral output and economic growth were tested via the Autoregressive Distributed Lag (ARDL) and bound test approach developed by Pesaran and Shin. Four research hypotheses were tested. …
Remittances, Institutions, And Inequality In Developing Countries,
2018
University of Tampa
Remittances, Institutions, And Inequality In Developing Countries, Karla Borja, Joshua D. Hall
Journal for the Advancement of Developing Economies
The private transfers sent by immigrant workers back to their home countries, or remittances, can improve the development of recipient countries through poverty reduction, higher education, and new business formation. However, the effect of remittances on income inequality is still debatable. While some studies suggest that these transfers are sent to the poor, other investigations find that remittances are directed toward higher-income cohorts, widening the gap between rich and poor. This study provides new evidence about potential income inequality reduction driven by remittances and quality of institutions. For instance, weak institutions discourage the usage of remittances toward productive ventures, more …
Estimation Of A Partially Linear Regression In Triangular Systems,
2018
IFPRI
Estimation Of A Partially Linear Regression In Triangular Systems, Xin Geng, Carlos Martins-Filho, Feng Yao
Economics Faculty Working Papers Series
We propose kernel-based estimators for the components of a partially linear regression in a triangular system where endogenous regressors appear both in the linear and nonparametric components of the regression. Compared with other estimators currently available in the literature, e.g. the sieve estimators proposed in Ai and Chen (2003) or Otsu (2011), our estimators have explicit functional form and are much easier to implement. They rely on a set of assumptions introduced by Newey et al. (1999) that characterize what has become known as the “control function” approach for endogeneity in regression. We explore conditional moment restrictions that make this …
