Growth and Development Commons^™

Growing Through The Merger And Acquisition, Jianhuan Xu

Research Collection School Of Economics

The paper studies with an endogenous growth model how the merger and acquisition (M&A) affects the aggregate growth rate. We model the M&A as a capital reallocation process, which can increase both productivity and growth rates of firms. The model is tractable and greatly consistent with patterns observed in the M&A at the micro level. Matching our model to the data, we find that prohibiting the M&A would lead to the reduction of the aggregate growth rate of US economy by 0.1% and the reduction of the aggregate TFP by 5%.

Nebraska Monthly Economic Indicators: June 21, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.51% during May of 2017. This is the second consecutive monthly decline in the LEI-N. The declines followed three months of rapid increase from January through March of 2017. Taken together, the LEI-N values imply a moderation in economic growth in Nebraska in late 2017 after strong growth midyear. Among the components of the indicator, business expectations were strong during May while the value of the U.S. dollar fell, which is a positive sign for Nebraska’s export-oriented businesses. However, manufacturing hours, building permits and airline passen

A Brief History Of Tsetse Control Methods In Zimbabwe And Possible Effects Of Climate Change On Their Distribution, Rory Pilossof

International Journal of African Development

African trypanosomiasis, which affects wildlife, domesticated animals and humans, remains widespread across Africa. Approximately 8 million km², covering 37 African counties, are infested with tsetse flies (Glossina) that carry the disease (Allsopp 2001). The first part of this paper looks at the history of tsetse control on the northern fly-belt in Zimbabwe, affecting the Mashonaland East, Mashonaland Central and Mashonaland West provinces. In Zimbabwe, tsetse control has shifted and evolved in the twentieth century, ranging from the initial methods of game destruction and bush-clearing, to ground and aerial spraying of insecticides, the sterile insect technique (SIT), …

Rural Women And The Land Question In Zimbabwe. The Case Of The Mutasa District, Bigboy Toro

International Journal of African Development

Zimbabwean rural women make significant contribution to agriculture and are the mainstay of farm labor. Although they do the majority of agricultural work, men, for the most part, continue to own the land, control women’s labor and make agricultural decisions supported by patriarchal social systems. Women’s access to land is usually through their fathers, husbands, brothers or sons. This has made it difficult for women to gain equal access to land under the Fast Track Land Reform Programme (FTLRP). Findings indicate that there are a number of challenges and constraints that are experienced by rural women under the FTLRP, which …

Asymmetric Benefits: The Ethio-Eritrea Common Market (1991 To 1998), Worku Aberra

International Journal of African Development

Economic theory suggests that a common market between two or more countries improves overall well-being, but it creates winners and losers in each country. Recent empirical findings also show that the overall impact of a common market on per capita income depends on the similarity of economic development between member countries. A common market among developed countries results in the convergence of per capita income while a common market among developing countries results in the divergence of per capita income. The difference in outcome, some economists suggest, is due to variations in comparative advantage between member states and the rest …

China And Post-Millennium African Economic Development Strategy As A Non-Zero-Sum-Game, Paul Milkias

International Journal of African Development

This paper will probe Africa's and China’s historical trajectory regarding economic development. It analyzes China's and Africa's creative leap, particularly since the millennium, into a new paradigm, a new way of economic relationship totally different from that with the West. The focus is on analyzing China’s heavy economic investment in Africa based on the assumption that the relationship is mutually beneficial rather than being exploitative as some scholars suggest. The hypothesis draws from Decision Theory’s concept of a Zero-Sum Game. It is understood that in a two partnered non-zero sum game theory, one partner’s gain or loss does not necessarily …

Africa In Global Climate Change Governance: Analyzing Its Position And Challenges, Anwar Hassen Tsega

International Journal of African Development

Climate change has emerged as a major global issue that affects all nations and has become a phenomena requiring global governance in the modern globalized world. Though the African contribution to the increase Greenhouse Gas (GHG) is very small, climate change is a concern of African countries. This paper is aimed to analyze the African position and challenges in the governance of climate change. Nonetheless, there are opportunities created for adaptation and mitigation, the implementation of these measures is constrained by lack of financial, institutional and human capacities. Accordingly, the Africans position in the international system and lack of the …

Editorial Note, Sisay Asefa

International Journal of African Development

No abstract provided.

International Journal Of African Development, Vol. 4, Issue 1

International Journal of African Development

Complete issue of International Journal of African Development, Volume 4, Issue 1 - Fall 2016.

Economic Evaluation Of Coastal Land Loss In Louisiana, Stephen R. Barnes, Craig Bond, Nicholas Burger, Kate Anania, Aaron Strong, Sarah Weilant, Stephanie Virgets

Journal of Ocean and Coastal Economics

Louisiana has lost approximately 1,880 square miles of land over the past eighty years. Projections suggest that in a future without action, the next fifty years could result in the loss of 1,750 additional square miles of land area. As land loss continues, a large portion of the natural and man-made capital stocks of coastal Louisiana will be at greater risk of damage, either from land loss or from the associated increase in storm damage. We estimate the replacement cost of capital stock directly at risk from land loss ranges from approximately $2.1 billion to $3.5 billion with economic activity …

The Market Transfer Effect In The Hawaiian Longline Fishery: Why Correlation Does Not Imply Causation, Jason D. Scorse, Shaun Richards, Philip King

Journal of Ocean and Coastal Economics

A lot of discussion and controversy has surrounded whether the “market transfer” effect in the Hawaii longline swordfish fishery occurred during the swordfish closure of 2001-2004, because of its potential impacts on sea turtle mortality. The primary academic work in support of the market transfer effect during the closure is a paper by Rausser et al. (2009): “Unintended Consequences: The Spillover Effects of Common Property Regulations.” In this paper, the authors claim to find evidence in support of the market transfer hypothesis.To our knowledge, no analysis has yet been undertaken to assess whether this analysis is sound, and yet it …

More Balanced Economic Growth, Eric Thompson

Business in Nebraska

There has been a re-balancing of both global and domestic economic growth during 2017. Globally, growth is improving in Europe and China, yielding more balanced international growth. Within the United States, growth also has become more balanced across industries. As in past years, the service sector, supported by growth in employment and real wages, has grown steadily with increases in retail trade, business services, personal services and construction activity. However, in recent months, there also has been improved growth in the industrial sector, with a rebound in the energy sector, and more business investment in capital equipment. The result is …

Nebraska Business And Consumer Confidence Indexes: June 2, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer confidence fell in Nebraska during May 2017 while business confidence remained very strong. The Consumer Confidence Index – Nebraska (CCI-N) fell to roughly neutral during May. The CCI-N stood at 102.5 in April but fell to 100.4 during May, which is only slightly above the neutral value of 100.0. The outlook of Nebraska businesses remained very strong. The Business Confidence Index – Nebraska (BCI-N) rose to 110.2 in May, above its April value of 109.1 and well above the neutral value. Business confidence has been very strong in Nebraska during the first five months of 2017. When asked about …

Social Health Insurance And Maternal And Child Health Outcomes In Developing Countries: The Case Of Ghana, Ama Agyeiwaa Abrokwah

Dissertations

About 25% of all maternal deaths occur during pregnancy; 99% of these maternal deaths occur in developing countries and half of these occur in Sub-Saharan Africa (WHO 2015). Two of the eight Millennium Development Goals are to reduce infant mortality and improve maternal and child health outcomes. To improve health outcomes and reduce the financial burden on households, a number of developing countries, including Ghana, Botswana, and Croatia, have introduced social health insurance programs which are heavily subsidized. This dissertation is a collection of three essays evaluating how maternal and child health care-seeking behavior, utilization and outcomes changed as a …

Macroeconomic Instability Index And Threshold For The Nigerian Economy, B. A. G. Amoo, J. K. Achua, N. P. Audu, B. Hamma

Economic and Financial Review

The paper employed statistical algorithms, factor analysis and threshold autoregressive models to address the gaps in management of macroeconomic instability in Nigeria. Using data spanning 2010q1 to 2017q2, the findings showed that the values of macroeconomic instability index (MII) fluctuated between 0.316 and 0.609, with a threshold of 0.461. This showed an inverse relationship between macroeconomic instability and economic growth. This framework could serve as a mechanism to gauge early warning signal of instability in Nigeria.

Determinants Of Nigeria's External Sector Competitiveness, O. Duke, M. Yakub, M. Nakorji, B. Gaiya, F. Isma'il, Z. Sani, S. Zimboh, T. Obiezue, O. Asuzu, V. Aliyu

Economic and Financial Review

The study investigated the determinants of Nigeria's external competitiveness, with a view to providing sound policy prescriptions on ways to improve competitiveness. The study employed an Autoregressive Distributed Lag (ARDL) model, using monthly data spanning 2008 to 2016 to determine the short- and long-run relationships among some selected macroeconomic variables. These included real effective exchange rate, exports, productivity, crude oil price, capital flow and consumer price index. The results from the short-run analysis revealed that productivity, proxied by government expenditure, and crude oil price were found to be the major determinants of external sector competitiveness in Nigeria, while CPI was …

The Impact Of Exchange Rate Changes On Sectoral Activity: The Case Of Egypt, Nada Shokry

Theses and Dissertations

NOTE: A revised and corrected version, the version of record, is available online at: https://erf.org.eg/app/uploads/2018/11/1252.pdf

This paper investigates the effect of changes in exchange rate on sectoral production in Egypt. For this purpose, the study, first, uses a MIDAS regression to compare between the sign and magnitude of the effect of two exchange rate measures on 22 subsectors and 4 aggregate sectors' production in the period between 1982 till 2014. One measure is the monthly deflated official bilateral exchange rate of EGP against the US dollar and the other is the annual real effective exchange rate of the EGP. The …

Individual And Household-Level Effects Of Energy Poverty On Human Development, Brandon Bridge

Economics ETDs

This study investigates some of the predictors of energy poverty, the interrelationships between different expressions of energy poverty, and the human development impacts of energy poverty on primarily rural individuals and households in an underdeveloped country. It uses data from four rounds of Nicaragua's Living Standards Measurement Survey, and examines the effects of energy poverty on income, education, and health.

Chapter 1 provides background information on energy poverty in general, as well as the specific situation that has developed in Nicaragua. It also provides a modeling framework, both conceptual and mathematical, for the ways in which energy poverty impacts human …

Regional Economic Integration In Mercosur: The Role Of Real And Financial Sectors, Hem C. Basnet, Gyan Pradhan

EKU Faculty and Staff Scholarship

This study explores economic interdependence in Mercosur by examining common trends and common cycles among key macro-variables representing both the real and financial sectors of the economy. The serial correlation common features test reveals that the key macroeconomic variables (real output, investment, and intra-regional trade) share common trends in the long run suggesting that macroeconomic interdependence in the Mercosur economies is strong. The exchange rates demonstrate co-movement in the long run as they share a single common trend. These finding suggests that these economies cannot swing away from long-run equilibrium for an extended duration; they will be brought together by …

Culture, Inner-City Education And Improving Economic Growth In Birmingham, Alabama, Leroy Abrahams

Capstone Collection

Perhaps the greatest reminder of the economic inequities in American society is the drastic deficiencies in educational outcomes, based on class and race. Birmingham, Alabama, vividly portrays this reality. Families with means send their children to private schools and/or concentrate in the suburbs, leaving largely poor, and oftentimes, predominantly minority in densely populated crime-ridden areas with suboptimal schooling. The schooling patterns are clearly reflected in the economic outcomes, though Black are a majority in the city they are vastly underrepresented in the middle to upper middle class, while grossly overrepresented among those in poverty. These inequities are often mirrored in …