The Importance Of Good Governance In Achieving Economic Growth For Developing Nations: An Analysis Of Sub-Saharan Africa,
2011
Bryant University
The Importance Of Good Governance In Achieving Economic Growth For Developing Nations: An Analysis Of Sub-Saharan Africa, Karl Turner
Empirical Economic Bulletin, An Undergraduate Journal
This paper aims to expand on the idea that good governance is essential in sustaining growth in developing countries. I have chosen variables that are specific to determining the effect of good governance on sustained growth in several Sub-Saharan African nations. These variables will take into account the increased levels of corruption and manipulation that takes place in many of these regions. By analyzing different countries in Sub-Saharan Africa, I will be able to account for different economic and political conditions. My results show that although these countries differ in various aspects of macroeconomic policy, stable governance has been the …
A Comparative Analysis Of Development: Foreign Direct Investment And Remittances In Latin America,
2011
Bryant University
A Comparative Analysis Of Development: Foreign Direct Investment And Remittances In Latin America, Jeffrey Denault
Empirical Economic Bulletin, An Undergraduate Journal
Economic growth in developing countries has long been thought to come from a variety of different economic factors. One of the most prevalent theories has been providing a country with high levels of foreign direct investment, encouraging the country to industrialize. Whilst there are obviously many other factors either inhibiting or encouraging a developing country’s growth, foreign direct investment has long been seen as the prime inflow of capital. However, in recent years, there has been a rapid increase in the transfer of funds to developing countries from migrant workers through remittances. This study explores the aggregate impact remittances have …
Foreign Aid And Growth In Select African Countries,
2011
Bryant University
Foreign Aid And Growth In Select African Countries, Thomas Strong
Empirical Economic Bulletin, An Undergraduate Journal
This paper analyzes the effects of foreign aid on economic growth in a set of African countries. This paper differs from previous literature in several ways; this paper analyzes a small sample set of aid-receiving African countries of varying distances from the equator. This paper also uses the most up-to-date data available, which will provide an insight into the 21st century conditions. Previewing the empirical results, this paper determines that aid, in the form of technical cooperation grants, has a significant, positive impact on growth.
Analysis Of Employer Of Last Resort In The United States: Implications Of Educational Attainments And Wage Rates,
2011
Bryant University
Analysis Of Employer Of Last Resort In The United States: Implications Of Educational Attainments And Wage Rates, Benjamin Dionne
Empirical Economic Bulletin, An Undergraduate Journal
This paper examines the feasibility and impact of an Employer of Last Resort (ELR) program in the United States. ELR could provide the US with a new policy direction in curbing poverty and creating growth. An ELR growth program would be run by the government to employ millions of unemployed and underemployed people in skilled and unskilled positions. This study aims to show that a well developed and administered ELR program could address the important issues facing the American economy and could lead to a significant economic impact. Using an ordinary least squared model the study establishes factors affecting the …
Northwest Indiana Regional Analysis: Demographics, Economy, Entrepreneurship And Innovation,
2011
Cleveland State University
Northwest Indiana Regional Analysis: Demographics, Economy, Entrepreneurship And Innovation, Ziona Austrian, Merissa Piazza, Eli Auerbach, Sunjoo Park
All Maxine Goodman Levin School of Urban Affairs Publications
This report is associated with "Northwest Indiana Entrepreneurial Opportunity Survey Analysis"
Responding To Foreclosures In Cuyahoga County, 2010 Evaluation Report January 1, 2010 Through December 31, 2010,
2011
Cleveland State University
Responding To Foreclosures In Cuyahoga County, 2010 Evaluation Report January 1, 2010 Through December 31, 2010, Kathryn W. Hexter, Molly Schnoke
All Maxine Goodman Levin School of Urban Affairs Publications
No abstract provided.
Public Policy, Human Instincts, And Economic Growth,
2011
University of Richmond
Public Policy, Human Instincts, And Economic Growth, Jonathan B. Wight
Economics Faculty Publications
Alfred Marshall famously insisted that economics is more like biology than physics. Societies are organic ecologies that evolve and produce organized but unplanned complexity (Hayek 1979). Although no public policy reliably produces economic growth across all ecosystems, a key element unites diverse institutions and policies that do seem to work: they all are reasonably compatible with human instinct. Institutions that build on the basic instinct for self-betterment (as in markets) have a much easier time in achieving success than institutions that oppose it (as in communism). Instincts, like gravity, are a force of nature. Adam Smith theorized, for example, …
Institutional Divergence In Economic Development,
2011
University of Richmond
Institutional Divergence In Economic Development, Jonathan B. Wight
Economics Faculty Publications
The Anglo-American capitalist model (AACM) encompasses a set of theories and policies that advance the classical objectives of individual autonomy, wealth acquisition, and economic growth. In the twentieth century, the neoclassical goal of short-run Pareto efficiency was added yet remains in possible tension with these other aims. The AACM generally upholds the primacy of markets as the means for achieving its normative ideals through private, decentralized actions, with some exceptions. In the modern political arena this ideology is associated with the Reagan-Thatcher revolution of the 1980s and provides a framework for many who oppose statist solutions to social problems (Steger …
Institutions, The Rise Of Commerce And The Persistence Of Laws: Interest Restrictions In Islam And Christianity,
2011
Chapman University
Institutions, The Rise Of Commerce And The Persistence Of Laws: Interest Restrictions In Islam And Christianity, Jared Rubin
Economics Faculty Articles and Research
Why was economic development retarded in the Middle East relative to Western Europe, despite the Middle East being far ahead for centuries? A theoretical model inspired and substantiated by the history of interest restrictions suggests that this outcome emanates in part from the greater degree to which early Islamic political authorities derived legitimacy from religious authorities. This entailed a feedback mechanism in Europe in which the rise of commerce led to the relaxation of interest restrictions while also diminishing the Church's ability to legitimise political authorities. These interactions did not occur in the Islamic world despite equally amenable economic conditions.
A Financial Impact Assessment Of Ld 1725: Stream Crossings (Presentation),
2011
University of Southern Maine
A Financial Impact Assessment Of Ld 1725: Stream Crossings (Presentation), New England Environmental Finance Center, Muskie School Of Public Service
Water
This report looks at the potential financial impact of LD 1725 on the estimated 30,000 stream crossings in the State of Maine that would be affected by the law. Our research for this report included the analysis of nearly 2000 stream crossings and the data collection necessary for the development of extensive stream crossing replacement cost models. We found that the 1.2 bankfull requirements in LD 1725 would result in a 75% ‐ 250% increase in structure widths for stream crossing projects across the state. An upsize of this magnitude would increase the cost of replacing stream crossings statewide by …
"Does It Pay To Be Informed?" Expenditure Efficiency In The Us Mutual Fund Industry,
2011
Gettysburg College
"Does It Pay To Be Informed?" Expenditure Efficiency In The Us Mutual Fund Industry, Jan Cerny
Gettysburg Economic Review
The mutual fund industry would like us to believe that fund expenses are justifiable by their extensive management expertise, security analysis and the consequent delivery of returns that exceed the market performance. Management know-how is costly and thus it drives up the expenditure of actively managed mutual funds and potentially lowers their net returns. Nevertheless the fund managers argue that their contributions to the returns fully outweigh their costs and in general their trading strategies add value to the investors. On the other hand many academics hold that such claims are fundamentally misleading and actively managed funds cannot continuously outperform …
In The Aftermath Of The Financial Crisis Of 2008: What Have We Learned?,
2011
Pepperdine University
In The Aftermath Of The Financial Crisis Of 2008: What Have We Learned?, Luisa Blanco, Michael Crouch
School of Public Policy Working Papers
In the aftermath of the financial crisis and economic recession of 2008, it is important to reflect not only on its causes, but also on specific policies that can help countries to move towards sustained economic growth. This publication provides a compendium of lectures that intend to do this. The focus of the discussion is around the U.S. (first two chapters) and Latin America (last chapter), which enhances our understanding of the forces at play and the necessary policies that need to be implemented in different regions of the world. Dr. Lee Ohanian points to the strange differences between the …
China And The United States' Recovery From The Global Financial Crisis,
2011
University of Denver
China And The United States' Recovery From The Global Financial Crisis, Yufei Wang
Electronic Theses and Dissertations
Faced with the global financial crisis, which has a large impact on the world's economy, China and the United Stated took different actions to pull the economy out of it, based on the fairly different financial, fiscal, and even political systems they have. This thesis focuses on the comparison of the financial and fiscal systems and trade structures between the two different countries, and how these have impact on their stimulus packages, thus influencing the economic recovery as a whole.
A Natural Resource Curse: Does It Exist Within The United States?,
2011
Claremont McKenna College
A Natural Resource Curse: Does It Exist Within The United States?, Bryce Gerard
CMC Senior Theses
In this paper, we examine data on U.S. GDP/Capita and natural resource share of GDP by state. We then run growth regressions and build on a previous model of dynamic equations to account for the spatial equilibrium that exists between U.S. states. Our results show that there exists evidence that overinvestment in oil and mining sectors has negative effects on state TFP growth, thus giving positive evidence for the existence of a natural resource curse between U.S. states.
The High Costs Of Small Loans: Understanding Interest Rates In Microfinance,
2011
Claremont McKenna College
The High Costs Of Small Loans: Understanding Interest Rates In Microfinance, Benjamin W. Hudgens
CMC Senior Theses
Version:1.0 StartHTML:0000000183 EndHTML:0000003190 StartFragment:0000002393 EndFragment:0000003154 SourceURL:file://localhost/Users/benjaminhudgens/Desktop/Final%20Thesis.docx This thesis will use data from 2009 to examine two questions about the Microfinance industry. First, why do firms charge interest rates well beyond their cost of funds and second, are there important differences at the national level that can help us to understand the high interest rates in Microfinance? I find that interest rates are primarily a result of operating expenses, but profit-status has large effects in developed Microfinance markets. I also find that the Economist Intelligence Unit’s measures of regulatory environment and industrial development explain a large portion of the variation in …
Fiscal Impact Of Privatization In Developing Countries,
2011
Claremont McKenna College
Fiscal Impact Of Privatization In Developing Countries, Alexander H. Sunderland
CMC Senior Theses
This paper examines the fiscal impact of privatization revenues in 47 developing countries. There are many reasons that privatization is attractive for the central government of developing countries. If substantial, these revenues from the sale of state owned enterprises can present a potential solution to persistent deficits. On the other hand, the privatization revenues could be used to finance an even larger deficit. In this paper, I will discuss previous research on the fiscal impact of privatization revenues, the factors that contribute to persistent fiscal budget deficits and explain how empirical research on the fiscal impact of privatization in the …
The Impact Of Terrorism On Foreign Direct Investment: Which Sectors Are More Vulnerable?,
2011
Claremont McKenna College
The Impact Of Terrorism On Foreign Direct Investment: Which Sectors Are More Vulnerable?, Shivani Agrawal
CMC Senior Theses
The impact of conflict and violence on foreign direct investment (FDI) is not a topic that has been done justice by the literature, and what few studies exist have contradictory results. This paper studies the impact that transnational terrorism has on FDI inflows by economic sector, in developed countries. Results indicate a statistically significant negative correlation between terrorist events and total FDI inflows. Amongst a list of 12 broad industrial sectors, FDI inflows for manufacturing, trade and repair, and construction were found to have a statistically significant negative correlation with terrorist events.
The Economic Impact Of Oil Price Shocks On Emerging Markets,
2011
Claremont McKenna College
The Economic Impact Of Oil Price Shocks On Emerging Markets, Aanchal Kapoor
CMC Senior Theses
Recent spikes in oil prices have thrown light on how economic activity in emerging markets may be impacted by oil price shocks. This paper conducts an empirical analysis of the effect of oil price shocks on emerging markets. It tests for the existence of an asymmetrical relationship between oil prices and economic activity using a model developed by James Hamilton. It also assesses the impact of structural shocks to the real price of oil on output as proposed by Lutz Kilian. While our models find no consistent pattern within emerging markets, they do suggest that oil price shocks have a …
From Riches To Rags: The Political Economy Of The Natural Resource Curse,
2011
Claremont McKenna College
From Riches To Rags: The Political Economy Of The Natural Resource Curse, Anum Malkani
CMC Senior Theses
The natural resource curse paradox has given rise to a wide range of explanations, which look at the economic, social and political characteristics of resource-rich countries. This paper focuses on the political economy of natural resources and finds that controlling for sociopolitical factors eliminates the natural resource curse. The analysis then turns to these sociopolitical factors and examines the significant, complex and varied effects of democratization on economic growth in general, as well as in resource-rich countries in particular. I conclude that the type of institutions needed for economic development in resource-rich countries are not specific to either democratic or …
Alleviating Social Disadvantages Of Rapid Economic Growth: A Case For Conditional Cash Transfer (Cct) Application In Old Siam,
2011
Claremont McKenna College
Alleviating Social Disadvantages Of Rapid Economic Growth: A Case For Conditional Cash Transfer (Cct) Application In Old Siam, Anastasia Kostioukova
CMC Senior Theses
The ongoing conflict between Thailand’s red shirt and yellow shirt parties is not purely political. This tension is rooted in a renewed awareness of regional economic and social inequality, a byproduct of rapid economic growth in the past. This thesis seeks to understand the overall consequences of unequal economic development in Thailand, as the rationale for asserting that a conditional cash transfer (CCT) program is an appropriate policy tool for the ongoing reconciliation efforts.
