A Comparative Analysis On Output Gap - Inflation Relation: The New Keynesian Approach, Oladimeji Tomiwa Shodipe

Masters Theses

The thrust of this research paper is to examine the inflation information that is contained in the output gap using the New Keynesian Phillips Curve framework. As informed by the model, the study also sets to investigate inflation persistence and the influence of forward inertia on the current inflation. This paper follows the Gali and Monacelli (2005) of the small open-economy type of model. However, the current study differs by introducing external factors (trade and real exchange rate) not only on the hybrid model, also on the backward, forward and the hybrid restricted models for time-series data (1971-2017) of all …

Essays On Capital Structure Of Nations, Giovanni Perez

LSU New Orleans Theses and Dissertations

No abstract provided.

Trade Rout: As Trade Tensions Built Between U.S. And Canada, This American Border Town Felt The Freeze, Matt Cutler, Isaac Carey

Capstones

A close business relationship with Canada has allowed Plattsburgh to thrive as a manufacturing town. Over 100 Quebec-based companies operate there, and 15 percent of the workforce in the county gets its paycheck from a Canadian company. Even more impressive, this comes at a time when manufacturing jobs are declining nationwide. While factories are shutting down across the rust belt, in Plattsburgh they are opening up.

There is just one problem.

All of this was made possible by the North American Free Trade Agreement, or NAFTA. And just this April, the Trump administration abruptly threatened to pull out of the …

Can A Global Fund Help Solve The Global Marine Plastic Debris Problem?, Karen Raubenheimer, Alistair Mcilgorm

Journal of Ocean and Coastal Economics

The problem of marine plastic debris impacts all of the world’s oceans and requires all nations to respond. However, developing States require funds to improve waste management infrastructure and services in order to reduce marine debris at source. Plastics manufacturers and retailers globally must be incentivised to design products for the environment as well as for the collection and end-of-life treatment facilities available within the intended markets. Given the oceans are a global common, we investigate the option of developing a global fund mechanism to progress the necessary actions to reduce plastic waste entering the world’s oceans. This requires consideration …

International Risk Sharing In Overlapping Generations Models, James Staveley-O'Carroll, Olena M. Staveley-O'Carroll

Economics Department Working Papers

We present a solution to the Backus-Smith puzzle that, instead of relying on extreme parameter values or complex modeling assumptions, simply switches the framework from infinitely lived agents to overlapping generations. Young agents face non-diversifiable wage risk that leads to a low degree of risk sharing within each country. Subsequently, international price movements are not sufficient to achieve the high consumption-real exchange rate correlation produced in standard infinitely lived agent DSGE models.

Free Trade And Corporate Social Responsibility: Ethical Dilemmas In Global Economic Development, Sarah Papion

Capstone Projects and Master's Theses

Through the lens of the free-trade-optimist, it is black and white: corporations bring jobs, and jobs equal a happy and healthy economy. A major oversight in this neoliberal Utopian ideology is that corporations are not in the business of building communities, nor do they have an interest in keeping their operations stationary enough to allow economic growth to occur over a span of years. Corporations abandon communities as quickly as they arrive to find their next cheap labor hub. Quite contradictory to the original purpose of free trade, economic growth in Free Trade Zones is not long term or secure. …

Three Essays On Corruption And Collusion, Arlo Redwine

Graduate Theses and Dissertations

This dissertation studies corruption and collusion with data derived from a laboratory experiment and household data. In Chapter 1 I study experimental procurement auctions with bribery and a public reserve to test for the tacitly collusive equilibrium described by Compte et al. (2005). Three sellers compete for 40 periods to sell a single item to a computerized buyer who accepts bribes and determines ties in bids and bribes randomly. In the closing periods, only 13.5% of auctions display the collusive equilibrium, but 58.7% of selling prices are noncompetitive. In comparison with simulated predictions for auctions that are corrupt but competitive, …

The Pain In Spain: Examining Andalusia's Youth Unemployment Crisis, Bianca D. Lennon

Pell Scholars and Senior Theses

This paper examines the youth unemployment crisis in the autonomous community of Andalusia by assessing employment policies that are currently in place. Since the economic crisis nearly a decade ago, there has been very little change in the high rates of Andalusian youth unemployment, which as a whole, has left the region, the country and the European Union at risk due to a lack of inefficient policies. By utilizing anecdotal evidence paired with facts and figures released by the European Union, recommendations to adjust employment policies such as the Youth Guarantee and PRAEM are given in order to shine a …

Breaking The Poverty Trap In Africa: A Comparative Perspective On Poverty Alleviation, Abu Girma Moges

International Journal of African Development

An increasing number of African countries have recently registered improved rates of economic growth. Translating economic growth into poverty reduction, however, requires putting into place policies and institutions that promote a sustainable and shared economic growth process. The degree of success in poverty reduction depends largely on balancing the process of economic growth and the judicious pattern of income distribution so that an increasing share of the population benefits from the growth process and engages in more productive endeavors. Building the necessary policy and institutional framework to promote sustainable and shared economic growth is central in breaking the poverty trap …

Indigenous Knowledge And The Development Debate In Africa, Fidelis Ewane, Samson Ajagbe

International Journal of African Development

This research employs Bourdieu’s theory of habitus to explain the disposition of the donor community to integrate indigenous knowledge systems and practices into development projects. The theory’s objectivist perspective specifies the mechanism that links structural conditioning to social practice and regularities. It holds that power is culturally and symbolically created, and it is constantly re-legitimized through the interplay of agency and structure. This facilitates an analysis of the development field as social space characterized by indigenous and donor power relations. It argues that the reinforcement of indigenous knowledge as the main channel for development will generate transferable local capacities and …

Does Inclusive Growth Matter For Regional Integration In Africa? An Empirical Assessment, Mohammed Shuaibu, Mamello Nchake

International Journal of African Development

Inclusive growth is an important channel through which African countries can foster higher regional integration especially through trade. This is because many African countries are characterized by exclusive growth, small and fragmented domestic markets that are landlocked and often prone to external shocks. Using an augmented gravity specification, this paper conducts an empirical investigation of the relationship between regional integration and inclusive growth in Africa. The adapted model is estimated using ordinary least squares, Pseudo Poisson maximum likelihood estimator and the Blundell-Bond system generalized method of moment estimator. The empirical results reveal that inclusive growth plays a vital role towards …

The Impact Of Motivation On Employee Performance In Selected Insurance Companies In Nigeria., Oluwayomi A. Ekundayo Mr.

International Journal of African Development

Motivation refers to a complexity of forces that inspires a person at work to intensify his desire and willingness to use his potentialities to perform in order to achieve organizational goals or objectives. This study investigates the relationship between motivation and the level of employee performance as applied to some selected insurance companies in Lagos. The study has three main objectives: to evaluate the effects of motivation on employee performance in some selected insurance companies, to assess motivational factors that can influence employee performance, and to recommend possible policies and innovations for better performance of the employees and increased profitability. …

The Tigray Identity And The Paradox In The Securitization Of The Oromo And Amhara Identities In Ethiopia, Anwar Hassen Tsega

International Journal of African Development

Tigray’s ethnic nationality is the minority identity in the ruling Ethiopian People’s Revolutionary Democratic Front (EPRDF), a coalition of four political parties under the leadership of the Tigray People’s Liberation Front (TPLF). For decades, the ruling party has governed by pitting the Oromo and Amhara against one another. Accordingly, the Oromo-Amhara solidarity is the greatest threat to the Ethiopian government. Within the framework of the Copenhagen school, we analyzed the securitization of the two majority identities. This essay is split into two sections. The first examines why and how the Oromo and Amhara identities have been securitized by the dominant …

Editorial Note, Sisay Asefa

International Journal of African Development

No abstract provided.

International Journal Of African Development, Vol. 5, Issue 1

International Journal of African Development

Complete issue of International Journal of African Development, Volume 5, Issue 1 - Spring 2018.

Foreign Capital Inflows And Economic Well-Being: A Statistical Analysis Of 46 Sub-Saharan African Countries From 1995-2015, Alexander M. Csanadi

Undergraduate Economic Review

Variation in the economic well-being among sub-Saharan African countries is among the highest of any region in the world. This paper attempts to address this disparity by exploring the role of foreign capital inflows. This project extends the concept of well-being beyond GDP growth, to include measures of poverty and inequality. A multivariate regression analysis finds that the observed capital inflows have significant effects on all three measurements of well-being. Findings suggest that the level of affluence of the domestic population has significant effects on the ability of those populations to translate diaspora remittances into improvements in well-being.

Determinants Of Usaid Spending, Austin J. Moser

Student Research – Stevenson Center

This paper examines the determinants of USAID’s foreign aid disbursements from 2002-2016. Three noteworthy findings emerge. First, USAID foreign aid is based more on political considerations rather than the policies of recipient countries. Second, foreign aid is determined by location and political history. Third, this pattern emerges across all categories of USAID disbursements.

U.S. Economic Outlook For The Rest Of 2018, Singapore Management University

Perspectives@SMU

Fed rates to inch up as GDP grows but China-U.S. trade war is a major worry

Mind Control In The Post-Colonial State: The Impact Of Foreign Direct Investment In Tertiary Education In Senegal And Jamaica, Janiel Chantae Slowly

Independent Study Project (ISP) Collection

Since the end of 17th to 20th century colonization, Senegal and Jamaica have been victims of the rhetoric of development. The economic, social, and political progress of these nations have always been overshadowed by their categorization as “developing countries”. Yet, this development rhetoric fails to acknowledge not only the wounds of colonization but the more modern manifestations of continued exploitation of these countries often by the same countries that “emancipated” their colonies. Senegal and Jamaica for example, are both dominated by large percentages of young adults, in both cases a large majority of the populations are individuals under the age …

Nonlinearities In The Real Exchange Rates: New Evidence From Developed And Developing Countries, Yamin S. Ahmad, Ming Chien Lo, Olena M. Staveley-O'Carroll

Economics Department Working Papers

This paper investigates nonlinearities in the dynamics of real exchange rates. We use Monte Carlo simulations to establish the size properties of the Teräsvirta-Anderson (1992) and the Teräsvirta (1994) test, when the dynamics of the real exchange rate is influenced by an exogenous process. In addition, we examine the modification proposed by Ahmad, Lo and Mykhaylova (2013; Journal of International Economics) to show that the modified nonlinearity test performs much better than the original in both Monte Carlo exercises and in the actual data on 1431 bilateral real exchange rate series. Finally, we investigate the dynamics of the real exchange …