Growth and Development Commons^™

The Gettysburg Economic Review, Volume 8, Spring 2015

Gettysburg Economic Review

No abstract provided.

Nominal Gdp Targeting: A Policy Recommendation To Meet The Fed’S Dual Mandate, R. Shaw Bridges

Gettysburg Economic Review

This paper was written in early December 2014 in response to the Federal Reserve Challenge Team’s argument for a regime change in the Federal Reserve to nominal GDP targeting as the appropriate policy to return the U.S. economy to long-term sustainable economic growth. After the 2007 recession, the FOMC took extraordinary measures to minimize the collateral damage caused by bank balance sheets weighed down with mortgage-backed securities and other below-investment grade assets. The periodic “stress tests” and use of emergency lending facilities were historically unprecedented, however, the economy six years later was still growing slowly in part due to market …

Examining The Impact Of Casinos On Economic Development: A Spatial Analysis Of The Counties In The Mid-Atlantic Region, Andrew J. Economopoulos

Business and Economics Faculty Publications

Few have formally evaluated the economic impact of casinos, and yet most agree that it is crucial in estimating the net benefit to society. A new casino investment should stimulate economic activity in the immediate region, but its operations could potentially reduce employment and incomes within the industry. Grinols outlines the factors that could lead to positive or negative growth from the investment, but what is critical to the empirical validation of the investment is the definition of region. Since data is geographically limited to political boundaries, it is necessary to employ a spatial methodology that captures the impact beyond …

The Economic Impact Of The University Of Arkansas, Katherine A. Deck, Mervin Jebaraj

Publications and Presentations

As the state’s flagship institution of higher education, the University of Arkansas delivers a significant economic impact to Arkansas. In 2014, an impact in excess of $1.2 billion came from the University via operations, construction, technology transfer, student expenditures, and visitor spending. The University of Arkansas has a substantial influence on the direction of the state’s economy by fulfilling its mission of developing human capital, growing ideas, and transmitting knowledge to the public.

Urban-Focused Comprehensive Economic Development Strategy (Ceds), Thomas Edison State College, The John S. Watson Institute For Public Policy, New Jersey Urban Mayors Association, Michael N'Dolo, Jim Damicis, Rachel Selsky, Abby Straus, John Findlay

Urban Mayors Policy Center

This Comprehensive Economic Development Strategy (CEDS) is the outgrowth of a long running effort by the John S. Watson Institute for Public Policy at Thomas Edison State College (Watson Institute) to support economic and community development in New Jersey with a particular focus on urban areas in need of revitalization. The Watson Institute was previously awarded a United States Economic Development Administration (USEDA) grant to complete an economic analysis of the North Central New Jersey Region. The USEDA approved that analysis and awarded additional funds to continue our work, culminating in this CEDS plan.

Several years ago, the Watson Institute …

The Role Of Fdi, Oda, Remittances, And Institutions On Economic Development In Developing Countries, William Manak

Empirical Economic Bulletin, An Undergraduate Journal

This paper seeks to evaluate the effects of foreign direct investment (FDI), official development assistance (ODA), and migrant remittances to economic growth in developing countries, while also taking into account the qualities of the institutions of the countries. This study uses the linear system Generalized Method of Moments (GMM) method as developed by Blundell and Bond (1998). Current research has been focused on adding institutions to growth models to understand how institutional quality can help improve outcomes in developing countries. This paper plans to further the discussion on how institutional quality affects FDI, ODA, and remittances. Institutional quality is measured …

State Of The Northwest Arkansas Region 2015 Report, Katherine A. Deck, Mervin Jebaraj

State of the Northwest Arkansas Region Report

The State of the Northwest Arkansas Region Report is an annual publication, commissioned by the Northwest Arkansas Council, that serves as a tool for evaluating the economic performance of the region. The Northwest Arkansas Council announced in January 2015 that the organization’s five-year strategic plan for 2010-2015 was completed one year ahead of schedule. As a result, the Northwest Arkansas Council created a blueprint for development that outlines new peer regions and strategies for 2015-2017. In the new three-year plan, the performance of Northest Arkansas is benchmarked with other contemporary, high-performing regions such as Austin, Des Moines, Madison, and Raleigh-Durham. …

Efectos Regionales Del Libre Comercio: El Caso Del Noreste De México, Gaspare Genna, Edgardo Ayala Gaytán, Joana Chapa Cantú, María De Lourdes Treviño Villarreal, Marcos Pérez Estrella

Selected Works Temporary Series

This work documents trade and productivity flows between Northeastern Mexico, US States, and Canadian provinces. It quantifies the effect of NAFTA on exports, investment foreign direct and total productivity of Northeastern Mexico and, through the combination of a general equilibrium model and time series techniques, analyzes the effects of structural change generated by the NAFTA on value added, employment and welfare.

An Analysis Of The Sales Cycle: A Case Of A Cloud-Computing Us Mnc, Matthew Walsh

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates sales techniques used during the sales cycle at a leading global provider of mobile workforce solutions for service-based business of all sizes. At the multi-national corporation, a publicly traded company, business solutions are delivered as software-as-a-service (SaaS). This study focuses on “Enterprise” customers, fleets of over 100 vehicles, and examines how leads are converted to opportunities and opportunities to sales. Characteristics of the customer, such as, aforementioned fleet size, SIC code, number of employees, region, and annual revenue are examined in an effort to tailor the marketing process when targeting large customers. Additionally, the study looks at …

Financial Deepening On Economic Growth And Productivity In Sub-Saharan Africa, Yaawa Jallow

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates impact of financial deepening on economic growth and productivity in sub-Saharan Africa. The study uses variables from various studies that are said to most likely impact economic growth and productivity in a country. This study uses a Panel Data analysis to examine the impact of these variables especially financial deepening on both economic growth and productivity. The fixed effect and random effect model both suggest that overall financial deepening has a positive impact on economic growth in sub-Saharan Africa. The study also suggest that financial deepening has a positive effect on productivity in sub-Saharan Africa.

The Impact Of Innovation And Technology On The Economic Growth In Oecd Countries, Boqian Yin

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the impacts of innovation and technology on the economic growth in the OECD countries. This study is based on the economic growth model from the previous research study from the innovation – economic growth nexus: Global evidence (L. Hasan, et al.). We tried to adjust the original model by substituting a fee variables and focusing only in the OECD nations. In addition, we expect the results to show a positive between the evolution of innovation and technology on economic development in the 34 OECD countries from time period of 1991 to 2012. Moreover, we want to analyze …

The Effects Of Oil Shocks On Total Government Expenditure: A Var Approach, Thomas Mullally

Empirical Economic Bulletin, An Undergraduate Journal

This paper aims to examine the relationship between oil price and oil revenue shocks and government expenditures in Venezuela. In order to analyze the relationship between these variables, this study uses a VAR approach. This study aims to find a positive relationship between oil revenues and government expenditures, which will show how countries adjust their public sector spending activities in order to account for changes in demand for oil.

Monetary Policy Rules In Zero Nominal Interest Rate Environments: Exiting The Zero Bound, Sean Lambert

Empirical Economic Bulletin, An Undergraduate Journal

The zero bound of nominal interest is known as a liquidity trap, where expansions in the monetary base no longer are effective in lowering the nominal interest rate. This takes away the main tool of traditional monetary policy, and eliminates the ability of monetary policy to stabilize economic conditions. It has been noted that monetary policy rules, such as the Taylor Rule, fail in this situation. The Federal Reserve of the United States solved this problem by massively increasing the monetary base even after the zero bound was reached. Yet another problem loomed even as the economy began to stabilize: …

Corporate Tax Rates: Causes For Tax Rate Discrepancies At The Firm Level, Matthew G. Zanotta

Empirical Economic Bulletin, An Undergraduate Journal

This paper examines the relationship between a corporation’s tax rate and a number of different variables. The variables chosen were assets, sales, property, plant, and equipment (PPE), inventory, research and development (R&D), and return on assets (ROA). The model incorporates each of these variables to find a correlation to corporate tax rates. These specific variables were chosen to represent firm size (assets at book value), financial leverage, capital structure (PPE to assets), and inventory investment (inventory to assets). The other two variables, R&D (R&D to net sales), and profitability (ROA) were chosen because of their direct value. The results from …

Educational Attainment And The Impact Of Financial Crisis On European Youth Unemployment, Matthew Mcintyre

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates some of the underlying causes of the drastic increase of youth unemployment from before the 2008 financial crisis to after the crisis. The purpose of the study is to discover what determinants had the largest impact on youth unemployment before and after the crisis. The study also attempts to differentiate between youth unemployment on a primary, secondary, and tertiary level of education, and establish the extent that each group is at risk for unemployment. It is expected that the financial crisis will have a positive and significant impact on unemployment for those with lower education levels, while …

The Impact Of Minimum Wage On Female Labor Participation Rate In The United States, Nguyen Tran-Nguyen

Empirical Economic Bulletin, An Undergraduate Journal

This study looks at the relationship between minimum wage and female labor participation rate in the recent years from 1990 to 2014. The study incorporates results from a multivariate regression model as well as other similar studies in the field to see whether or not an increase in minimum wage would benefit female labor participation. It is expecting to see a positive correlation between those two variables, as minimum wage increase would benefit teenage female workers and adult female workers.

Economic Reforms, Governance And Fdi: The Case Of The Unasur, Pedro E. Rodriguez

Empirical Economic Bulletin, An Undergraduate Journal

Since the early 2000s, member countries of the Union of South America Nations (UNASUR) have moved drastically to the left of the political spectrum and have implemented protectionist economic reforms. Contrary to what many studies and scholars have concluded, the political realignment of the region and the implementation of protectionist policies has had a positive effect on foreign direct investment (FDI) inflows into the region. For the past two decades, total FDI inflows into the region has increased drastically from $8 billion to $150 billion. This study found that there is a combination of both economic reform and governance variables …

Efectos Regionales Del Libre Comercio: El Caso Del Noreste De México, Gaspare Genna, Edgardo Ayala Gaytán, Joana Chapa Cantú, María De Lourdes Treviño Villarreal

Departmental Papers (PS)

This work documents trade and productivity flows between Northeastern Mexico, US States, and Canadian provinces. It quantifies the effect of NAFTA on exports, investment foreign direct and total productivity of Northeastern Mexico and, through the combination of a general equilibrium model and time series techniques, analyzes the effects of structural change generated by the NAFTA on value added, employment and welfare.

The Determinants Of Chinese Household Saving During 1978-2012, Nan Zhi

Honors Theses, 1963-2015

This project focuses on how the household saving ratio changes from 1978-2013 in China and what factors caused the changes. Based China’s household saving rate changes from 1953-2000 by using the framework of the life-cycle hypothesis, Modigliani concluded that the rate of growth income and the demographic structure are the major determinant of the rate of private saving. This project attempts to extend Modigliani’s research using the data after 2000 and take changes of Chinese policy and additional factors into consideration. Estimates of coefficients of saving function will be obtained by using OLS method to analyze the relationship between household …

Asian Tiger Economies' Choices, Hwee Kwan Chow-Tan

Research Collection School Of Economics

This paper considers the choices facing the Asian tiger economies regarding growth strategies that foster trans-Pacific rebalancing. A review of historical data spanning 2000 to 2008 reveals only a slight widening of the overall current account surplus but that there is considerable variation across the countries, with Hong Kong, China exhibiting the biggest increase in the saving and investment (S-I) balance. Meanwhile, cross-correlation coefficient estimates tentatively suggest that changes in the real effective exchange rate do not seem to exhibit a consistent negative lead over changes in the S-I gap in the short run over the past decade. Highimport leakage, …