Growth and Development Commons^™

2021 Arkansas Business Forecast, Catherine Mann, Mark Palim, Mervin Jebaraj

Publications and Presentations

“The annual Business Forecast is a chance for business and community leaders from Northwest Arkansas, the state and the region to get first-hand insight into the direction for the next year from top economists,” said Matt Waller, dean of the Walton College. “The insights provided by these three experts will inform and shape decisions that help to drive the business community in Arkansas in 2021.”

Waller said those valuable insights and networking opportunities are only possible through the continued strong support of event sponsors.

“Each year, the interest and level of participation in the Business Forecast event continues to grow …

State Technology And Science Activity In The Mountain West, 2020, Katie M. Gilbertson, Peter Grema, Saha Salahi, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This Fact Sheet summarizes the 2020 State Technology and Science Index (STSI) report by Kevin Klowden, Aaron Melaas, Charlotte Kesteven, and Sam Hanigan of the Milken Institute. STSI rankings are summarized for the five Mountain West states of Arizona, Colorado, Nevada, New Mexico, and Utah. The index is a measure of how each state performs in several key metrics for supporting a knowledge-based economy.

Venture Capital In Nevada, Peter Grema, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet provides an overview of venture capital in the State of Nevada. Venture capital is an essential part of economic diversification and business startup development. The Mountain West states of Arizona, Colorado, New Mexico, and Utah are used for comparative purposes to add context to Nevada’s venture capital ecosystem. The differing nature of venture capital funds in Northern and Southern Nevada is delineated.

Nevada's Plan For Recovery And Resilience, Sri International, Rcg Economics, Brookings Mountain West

Policy Briefs and Reports

The report that follows contains the following components:

• An economic forecast from RCG Economics on the situation expected for Nevada—GDP and employment—in the fall of 2021 (subject to all the present uncertainties faced by Nevada and the country as a whole).
• A series of immediate actions, in which GOED plays a leadership role, to shelter and prepare for recovery key components of Nevada’s economy. The particular focus is on “Main Street” and small and medium sized businesses.
• A set of visionary strategies, firmly grounded in Nevada’s underlying assets, that will accelerate the diversification of the state’s economy and the transition …

The Effect Of National Leaders’ Profiles On Gdp Per Capita, Maha Mostafa Gaber

Theses and Dissertations

A national leader is the policy maker in a country, whose economical decisions hold the power to make a nation either prosper or collapse. Therefore, it becomes crucial to understand the official who enact these decisions. A unique dataset of over 326 world leaders from 51 countries between the period 1972 to 2018 was constructed, building on leader Experience and Attribute Descriptions Database, in order to study the differences in leaders’ characteristics and determine the most important attributes which significantly affect level of GDP per capita. This paper studies the effect of government leaders’ profiles on GDP per capita by …

The Productivity Consequences Of Pollution-Induced Migration In China, Gaurav Khanna, Wenquan Liang, A. Mushfiq Mobarak, Ran Song

Discussion Papers

Migration and pollution are two defining features of China's impressive growth performance over the last 30 years. In this paper we study the migration response to pollution in Chinese cities, and its consequences for productivity and welfare. We document a robust pattern in which skilled workers emigrate more in response to pollution than the unskilled. Their greater sensitivity to air quality holds up in cross-sectional variation across cities, panel variation with individual fixed-effects, and when instrumenting for pollution using distant power-plants upwind of cities, or thermal inversions that trap pollution. Pollution therefore changes the spatial distribution of skilled and unskilled …

Trade Liberalization And Economic Performance: An Empirical Analysis, Brandon Fontaine

Empirical Economic Bulletin, An Undergraduate Journal

Trade liberalization has long been a debated topic; free traders will argue it makes all involved parties more prosperous while protectionists say that it costs jobs and hurts countries’ economies. This paper will study the relationship between a country’s trade freedom, as measured by the Heritage Foundations trade openness metrics, and the nation’s economic performance. This study will incorporate indicators such as gross domestic product, unemployment, and investment flows across 56 countries of different income levels to determine whether free trade policies lead to greater economic performance. The three income levels analyzed will be high-income, medium-income, and low-income. The empirical …

The Effect Of Poor Working Conditions And Income Inequality On Gdp Growth, Trent Remillard

Empirical Economic Bulletin, An Undergraduate Journal

This paper looks to see if there is a relationship between poor working conditions and growth in GDP annually. Many nations have historically treated their workers very poorly, and offered little in support or protection to them. Consequently, many of these same nations have seen large boosts in annual GDP growth. This paper aims to see if there is a correlation between this treatment of workers, and these subsequent boosts of GDP growth, and if there is, is it possible to predict the expected level of growth based on these factors.

Macroeconomic Drivers Of Reit Stock Prices, Nicholas Mulligan

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates several variables as potential drivers of REIT stock performance. The results show that four of the six independent variables, all of positively correlated ones, were significant. The combination of variables proved to be very predictive, yielding an R-squared of 0.9712. The two variables that were added in this study versus the benchmark Morgan Stanley study proved to be highly significant. The two negatively correlated variables proved to be insignificant.

Economic Determinants Of Within-Country Political Instability And Violence: A Panel Data Examination Of Central And South America, Michael Biskupic

Empirical Economic Bulletin, An Undergraduate Journal

This paper examines the potential impact of economic factors on withincountry violence and instability utilizing a panel data approach. More specifically, this paper examines the impact of within-country income inequality on a measure of political stability and a measure of within-country violence. Utilizing a Generalized Least Squares method, this paper finds that only in countries with a per-capita income less than $5000 is there a significant relationship between income inequality and violence. This paper concludes with a discussion of the results, recommendations for future research, and a section on policy recommendations based on the empirical results and potential risks not …

Student Achievement In Rhode Island Charter Schools: A Cross-Sectional Analysis, Edward Golas

Empirical Economic Bulletin, An Undergraduate Journal

Using standardized test results from the school year 2018-19 this study compares the performance of 3rd through 8th graders in Rhode Island charter schools to their peers in traditional public schools (TPSs). This study also uses OLS techniques to test if Rhode Island charter schools help to bridge the achievement gap between minority (black and Hispanic) students and white students. The results show that in approximately ¾ of comparable instances, Rhode Island charter schools outperform TPSs on both English and math standardized tests. Additionally, it was found that Hispanic students attending a charter school are predicted to score higher on …

Comparing Machine Learning Techniques For Predicting Bank Failure, Armen Eghian

Empirical Economic Bulletin, An Undergraduate Journal

The study of machine learning has helped create and refine many types of predictive models. These models have been applied to countless problems, but the importance of banking stability has led many researchers to create models predicting if a bank will be active in future years. Neural networks, support vector machines, and traditional regression models, have been used to predict bank failure, but random forests have not been fully explored. This paper shows random forests can offer prediction power greater than neural networks and logit models when used to predict bank failure. This aligns with work comparing random forests and …

The Great Consensus After The Great Recession: The Case Of Jamaica, Anthony N. Iacovelli

Electronic Theses and Dissertations

The purpose of this research was to determine the efficacy of the International Monetary Fund’s Stabilization Program (IMFSP) as a tool for economic development. The Fund’s program utilizes an approach steeped in the Washington Conesus, which requires austere and demand side economic measures to be taken to achieve success. To determine efficacy, Jamaica was used as a case study, where special attention paid to the supply side economic consideration of human capital development in Health and Education. Additionally, this paper contrasted the IMF approach with a case study of Singapore and the Developmentalist approach to economic development. The research provided …

Banking On Her: The Effects Of Microfinance On Women’S Autonomy In Developing Economies, Zena Pare

Mahurin Honors College Capstone Experience/Thesis Projects

Once applauded as a way to empower the world’s poorest, and in particular benefit women, the practice of microfinance is now perceived with a much more cautious and nuanced lens. Some perspectives state that microfinance improves women’s lives and uplifts communities, while others claim that it increases over-indebtedness and does not provide a viable path to escape poverty. In order to determine if microfinance is an effective use of resources to empower women, this paper analyzes the relationship between women’s autonomy and microfinance to provide further insight into its proposed positive and negative effects. Using ordinary least squares regression analysis, …

The Relationship Between Transportation Accessibility And Economic Development, Abigail Kiggen

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the possible relationship between transportation infrastructure accessibility and economic development in a given region. The study will incorporate data from counties in the state of Massachusetts to compare development from previous studies in the New York area. The independent variable will be transportation infrastructure accessibility, and the dependent variable will be measures of economic development. The results show that there are generally not correlations between better accessibility and economic development in a given region.

Investing In Entrepreneurship: The Sustainable Solution To Tunisia’S Youth Unemployment Crisis?, Hussein Noureldin

All Reports

Since the Jasmine Revolution of 2011, Tunisia’s youth unemployment crisis has worsened. As of 2020, it has the tenth highest youth unemployment rate in the world at 36.5%. Experts have long identified this as the main challenge to overcoming Tunisia’s economic woes, and reform – from the education and vocational training systems on the supply-side to the job market on the demand-side – must follow the democratic gains achieved since 2011. The failed approach in reducing regional inequality under Ben Ali had an adverse effect, creating unemployment disparities between Tunisia’s affluent coastal cities and its poorer interior regions. As such, …

Bengal Rising: Why Bangladesh & Pakistan’S Growth Trajectories Are Diverging, Sartaj Javed

All Reports

50 years after Henry Kissinger derided the nascent state of Bangladesh as an economic basket case, the country has emerged as the newest claimant to the mantle of being an Asian tiger economy. Borne out of a genocidal civil war with Pakistan, Bangladesh’s rise and Pakistan’s decline over a tumultuous half-century period necessitates a review of foreign policy orthodoxy as South Asia’s populace starts to assert its economic and political might.

Financial Institution And The Inclusion Of Youths Through Entrepreneurship In Kenya, Fred Ernest Nasubo

Young African Leaders Journal of Development

Kenya is home to 10.1 million youths, which corresponds to almost 20.3 per cent of the country's population aged 15-24 years. According to the World Bank report released in 2017, Kenya tops in the East Africa region in youth unemployment at 17.3 per cent in comparison to Uganda and Tanzania, at 6 per cent. The majority of youths considered to have attained working age are either unemployed or engaged in low paid employment. Promoting youth entrepreneurship is one way of empowering young people to respond innovatively to the needs of society; this would consequently lead to the generation of more …

Testing The Rambo Effect Theory: A Comparative Analysis Of Economic Integration In Mercosur And Sadc, Sarvesh Lutchmun

Young African Leaders Journal of Development

This paper attempts to conduct a comparative analysis between the integration processes of two regional blocs of the Global South, one in Latin America, namely the 1991-founded Common Market of South America (MERCOSUR) and the other in the southern part of Africa, namely the 1992-founded Southern African Development Community (SADC). In particular, this paper will seek to compare the economic integration process between MERCOSUR and SADC using insights of international political economy and regional cooperation. In doing so, the paper will test the 'Rambo effect' theory which claims that the dominant power of Brazil and South Africa has led to …

Federalism, Federal Powers And The Politics Of Restructuring In Nigeria, Charles Ekpo, Stephen E. Magor University Of Calabar

Young African Leaders Journal of Development

The fact that Nigeria is a very wealthy country both in human and mineral resources could be debatable since wealth is relative. What is, however, incontrovertible is the growing disparity between the wealthy and the wretched, and the general unevenness in the spread of infrastructural and human capacity development across the country. While several reasons have been advanced for this anomaly, this paper toes the path of structural functionalism by ascribing this ill to the faulty nature of Nigeria's federalism which concentrates excessive power and resources in the hands of the federal ruling elite class, with a chronic history of …