International Economics Commons^™

Political Accountability And Determinants Of Governance Under Principal-Agent Theory, Matthew Bluem

Dissertations

This study examines the theory that quality of governance is largely dependent upon political accountability, and that the effect of political accountability on governance varies based on three main determinants: level of democracy, level of information available to the public, and diversification of the economy (Adserà et al. 2003). With quality of governance, represented by the World Bank’s World Governance Indicators (WGI), as the dependent variable, this study considers how these three independent variables, and several control variables, affect governance quality. Incorporating data from 2010 – 2015 for 143 countries in both cross-sectional OLS and fixed effects panel regression analysis, …

Essays On The Transmission Of Risk And Volatility Across International Financial Markets, Evan Warshaw

Dissertations, Theses, and Capstone Projects

This dissertation consists of three distinct but related chapters studying the behavior of international financial markets. Chapter 1 explores volatility spillovers between European equity and foreign exchange markets from 2009 until 2016. In contrast to traditional empirical methods, this study uses realized volatility estimates to analyze causal linkages across the frequency domain. Volatility spillovers are tested using the CAC 40, DAX, and FTSE 100 equity indices and the USD/GBP, USD/EUR, and GBP/EUR exchange rates. Results show that volatility spillovers are bidirectional and asymmetric across the frequency domain. Daily volatility spillover from equity to foreign exchange markets is significant at high, …

Capital Growth: Precision Agriculture And Vertical Farming In The Corporate Food Regime, Justin Taylor

Dissertations, Theses, and Capstone Projects

Agriculture in the 21st century has entered a digital age. New technologies emphasize GPS, big data, cloud computing, the Internet of Things, automation, sensors, and robotics, contributing to two modes of modern food production known as precision agriculture and vertical farming. Through an interdisciplinary review of scientific and social scientific scholarship, this paper examines the ways in which these two technologies interact with the global corporate food regime and explores their impact in core, peripheral, and semi-peripheral countries. It also engages in a discourse analysis of promotional materials and interview statements from precision agriculture and vertical farming firms to expose …

Females Are More Accepting Of Intimate Partner Violence Than Males, Internationally, Anna R. Eckenrode

Creative Activity and Research Day - CARD

What factors shift the social norms of acceptance of intimate partner violence within couples? I address this broad question using global Demographic Health Survey (DHS) data on attitudes toward intimate partner violence. Much of the existing research in this field only examines female acceptance without analyzing the dynamics within a couple. I determine females are more accepting of intimate partner violence than males, regardless of cultural context and time, in an exploration of new stylized facts. I find existing theory and conclusions about female acceptance of violence can be expanded on when considering total male acceptance levels within a couple. …

Using Monetary Incentives To Motivate Female Entrepreneurs In Abuja, Nigeria, Imuetinyan Aiguwurhuo

Creative Activity and Research Day - CARD

Gender gaps in entrepreneurship are a major problem everywhere, but especially in developing countries like Nigeria. Women across the world face high levels of discrimination. The process of empowering women in a society has the potential to boost economic growth and development. Inspired by the success of the Family Independence Initiative (FII), we designed a field experiment to estimate the impact of using monetary incentives to motivate female entrepreneurs in achieving their goals in collaboration with the National Center for Women development (NCWD) in Abuja, Nigeria

Aiding To Repair: An Analysis On The Impact Of Foreign Aid In Rwanda After The 1994 Genocide, Mary Atta-Dakwa

International Relations Honors Papers

Between April 1994 to July 1994, about 1 million Hutus and Tutsis were murdered in the Rwandan genocide. The genocide not only severely declined the population of Rwandans, but largely impacted its infrastructure, government, and economy. After the genocide, about $15 billion US dollars was sent to provide humanitarian aid. Post-genocide Rwanda has seen a significant growth in its economy; however, speculators may question if the economic growth is attributed to the foreign aid it received after the 1994 genocide. This paper seeks to examine the impact of foreign aid on post-war reconstruction on Rwanda as a case study.

Planning To Fail: The Eurozone, Its Sovereign Debt Crisis, And The Future Of The Union, Kyle Whitworth

Theses

The European Union has been one of the greatest accomplishments of modern history. Through economic and political integration has ended centuries of warfare on the continent while producing the worlds largest trading bloc. Despite the initial success of the monetary union and its single currency, the Union has been bogged down economic troubles in the form of a debt crisis among several of the member states. The recovery period of the crisis has produced growth that is slow and uneven. Countries such as Germany has assumed the role of the economic powerhouse of Europe and therefore a political leader in …

Making The Grade: The Contribution Of Education Expenditure To Economic Growth, Neil Frank

Undergraduate Economic Review

Does education expenditure promote long-run economic growth? Empirical evidence is inconclusive. This paper addresses the question of how education expenditure influences economic growth using a long run growth accounting model analyzing 179 countries from 1970 to 2014. Overall, the results indicate that education expenditure does positively affect growth. However, when the sample is split into different criteria based on economic prosperity of the countries in question, the results change. In non-oil countries education expenditure increases economic growth, in developing countries education expenditure has a negative impact and in OECD countries the impact is non-significant.

A Closer Look At The Determinants Of International Migration: Decomposing Cultural Distance, Roger White

Economics

Using a modified gravity model and three measures of cultural distance, we employ the zeroinflated negative binomial estimation technique to examine the impact of cultural distance on international migration flows. We confirm the finding of prior studies that there exists a negative relationship between composite measures of cultural distance and immigrant flows. Extending the literature, we decompose our composite cultural distance measures into their component dimensions to examine potential variability in the influences of individual dimensions on international migration. We find the cultural dimensions that reflect individualism, uncertainty avoidance, and perceived gender roles are typically more influential in determining immigrant …

International Debt Impact On The Value Of South Korean Currency, Wonjin Song

2018 Awards for Excellence in Student Research and Creative Activity – Documents

Abstract

This paper will analyze how international debt for South Korea affected the value of Korean currency from 1983 to 2014 by using the Ordinary Least Square model. The result is that international debt for South Korea had a clear influence on the value of Korean Won. The exchange rate of Korean currency per US dollar moves the same direction as amounts of international debt. In other words, as the Korean Won depreciates, more Won must be spent to purchase U.S dollars. That is, Korean currency depreciates when amounts of international debt increase. As the result, Korea has not yet …

Can Risk Models Extract Inflation Expectations From Financial Market Data? Evidence From The Inflation Protected Securities Of Six Countries, Arben Kita, Daniel L. Tortorice

Economics Department Working Papers

We consider an arbitrage strategy which exactly replicates the cash of a sovereign inflation-indexed bond using inflation swaps and nominal sovereign bonds. The strategy reveals a violation of the law of one price in the G7 countries which is largest for the eurozone. Testing the strategy's exposure to deflation, volatility, liquidity, economic and policy risks suggests that the observed pricing differential is an economic tail risk premium which is more pronounced in the eurozone. We conclude that inflation expectations implied by models that view this pricing differential as compensation for risk are likely to be accurate and useful for policy-making.

Mexico Consensus Economic Forecast, Volume 21, Number 2, Thomas M. Fullerton Jr., Adam G. Walke

Border Region Modeling Project

No abstract provided.

The Decline Of U.S. Manufacturing Employment—Automation And Trade, Susan N. Houseman

Employment Research Newsletter

No abstract provided.

Entrepreneurship Education Empowers Youth To Change Their Lives, Marianna Brashear, Jason Riddle

National Youth Advocacy & Resilience Conference

The Foundation for Economic Education (FEE) aims at equipping Title 1 schools with free, hands-on, engaging materials that any teacher can facilitate either individually or in a classroom setting with no background in entrepreneurship necessary. These versatile lessons, courses, and workshops teach the entrepreneurial mindset optimizing opportunities for grades 8-12 students no matter which life/career path they choose.

The Indian Diaspora, Culture, And Foreign Policy, Singapore Management University

Perspectives@SMU

Indians living overseas can be a bridge to a rapidly changing world

In the United Nations “International Migration Report 2015”, India had the largest diaspora population in the world with 16 million individuals born in the country but living outside of it. It’s a 100 percent increase from the 8 million in 2000, with an increasing number making their way to the United States where Indians make up the second largest immigrant group after Mexicans.

The Global Economic Outlook In 2018, Singapore Management University

Perspectives@SMU

Oil prices will not reach US$120, more U.S. Fed rate hikes expected, and Brexit’s fallout to remain largely within Europe

Bayesian State Space Representation Model: Applications To Macroeconomics And International Finance, Hiroshi Morita

Dissertations, Theses, and Capstone Projects

This dissertation develops three new econometric models using Bayesian state space representation model in order to apply to macroeconomics and international finance. It consists of 3 chapters. Chapter 1 develops a Markov mixture model of macroeconomic fundamentals to analyze the short-run dynamics of foreign exchange rates. In our model, foreign exchange rates are simultaneously determined by three parities: the interest rate parity, the inflation rate parity, and the equity return rate parity. Using four exchange rates: the U.S. dollar price of the British pound, the German mark, the Japanese yen, and the Canadian dollar, the findings are: (1) Our model …

Understanding The Decline In Manufacturing Employment, Susan N. Houseman

Presentations

No abstract provided.

Economic, Social And Environmental Implications Of Urban Solid Waste And Need For Valorization Of Waste, S. Jameela Ph.D.

International Review of Business and Economics

“Source reduction is, on the face of it, perhaps the most appealing of all the possible approaches to solid-waste management” - William Rathje and Cullen Murphy Waste poses a threat to public health and environment and hence it should be properly collected and disposed. Managing municipal solid waste is a pervasive problem for any urban area and the Singara Chennai is no exception to it. Admitting that it is one of the best managed city, but still problem of dealing with solid waste generated in the ever expanding Chennai city is an uphill task. The materialistic world has been sustaining, …

A Panoramic View On Rural Energy Consumption, M Manimegalai Ph.D., S. Seethalakshmi Ph.D.

International Review of Business and Economics

Energy consumption is an index of economic development energy is essential to ensure adequate and sustained supply for energy sector of the economy. The rural energy consumption pattern is divided into agricultural operation domestic activities, living and industry. Rural energy consumption influences the standard of living of the people in rural areas. India is the largest energy consumer in the world. In India, out of 121crs of populations, 80crs of people living rural areas and affordability are vitally our country keep its pace of development.