International Economics Commons^™

Factors That Influence Economic Growth In Brics Member Countries And Oecd Developed Countries: A Panel Data Analysis, Xuran Zhang

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the factors that affect economic growth in developed nations, such as the U.S., the United Kingdom, France, Germany, Australia and others. It also includes developing countries such as Brazil, Russia, India, China and South Africa (BRICS). This study incorporates several independent variables to examine their influence on economic growth in these two groups of nations. The study looks at contributing factors for economic growth, such as life expectancy, primary education, secondary education, expected import, expected export, population growth rate, FDI level, and public expenditure, using macro-level data from two sources: the World Bank and the Organization of …

The Effects Of Foreign Aid On Income Inequality In Africa, Sierra Moore

Empirical Economic Bulletin, An Undergraduate Journal

This paper examines the correlation between donations of foreign aid given to African countries and the income inequality, measured using the Gini coefficient, within those countries. A panel method is used in order to analyze trends in a number of countries over a period of time. The independent variables in this study are official developmental assistance, income group, inflation measured by CPI, polity, GDP per capita growth, and population growth. The results of this study show a negative relationship between foreign aid and income inequality, which is consistent with recent studies on the effectiveness of aid.

The Effects Of Tax Rates, Technology, And Quality Of Life On Standard Of Living In Developed Countries, Benjamin Jackson

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the relationship between tax rates, technology, and the quality of life on the standard of living in developed countries over time. The study uses an econometric model to understand and quantify these relationships. Standard of living will be measured by PPP GDP in this study. The results show the most significant variables that impact the standard of living are life expectancy at birth, openness to trade, the domestic savings rate, and corruption.

Education Spending And The Lottery In The Western United States: A Panel Data Analysis, Erica Vendituoli

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the relationship between the existence of a state lottery and state education spending. When consumers participate in the lottery, it is often with the assumption that even if they lose, their money will be contributed to state funded programs like education. This study looks at ten states in the west that have a variety of lottery circumstances. Both education expenditure as a percent of total state expenditure and per pupil aid are used to measure education funding. This research also incorporates multiple independent variables to fully capture the determinants of education spending. The results of this study …

The Effects Of The Affordable Care Act’S Individual Mandate On Ethnic And Racial Minorities, Zack Cyr

Empirical Economic Bulletin, An Undergraduate Journal

This paper examines the quantitative impact of the Affordable Care Act’s (ACA) individual mandate on health insurance coverage rates. This study will include race, ethnicity, and immigration status into a conventional model for predicting insurance coverage rates. This will illustrate the groups in the US population that may have been most influenced by the individual mandate, and potentially experienced the largest changes in coverage rates under the ACA. The data utilized in this research is in two pools, 2010-2011 and 2013-2014, as these are the years preceding the ACA’s implementation and directly after. The results reveal that while there was …

Effects Of Globalization On Inequality In Latin America, Andrew T. Kebalka

Empirical Economic Bulletin, An Undergraduate Journal

This paper explores the relationship between globalization and inequality in Latin American countries. The study uses a number of different globalization indicators in conjunction with the globalization index developed by Dreher (2006). The study works to identify whether globalization has effect income equality and whether specific components of globalization have a greater magnitude of impact on inequality over others within the region. The conclusion of the study is that GDP per capita, foreign direct investment, and trade intensity have the greatest effects on income inequality.

Banking Subsector Output And Real Gdp Growth In The United States: A Time Series Analysis, Alexander Ellwanger

Empirical Economic Bulletin, An Undergraduate Journal

This study investigates which variables in the banking subsector in the United States may have a statistically significant relationship with Real GDP. Taking into consideration the Bureau of Economic Analysis method of calculating banking output from 2004, this study carefully evaluates key variables that contribute to the banking sector and whether these key variables are statistically significant in any way that can help guide investors, policymakers, and the government in the growing challenge to maintain economic stability in the United States. This study found that there was a statistically significant relationship between Tier 1 Risk Based Capital and Real GDP …

Corruption’S Impact On Government Health And Education Expenditures, Shaun Rolph

Empirical Economic Bulletin, An Undergraduate Journal

The purpose of this paper it to identify how corruption can impact government expenditures, specifically education as a percentage of GDP, educational as a percentage of total government expenditures, health as a percentage of GDP, and health as a percentage of total government expenditures. The independent variables in which will be used for this model are: Corruption Perception Index, Worldwide Governance Indicators, and Polity IV. Through the time period of 2005 to 2014, this research is a global panel study that looks at income group and regional analysis. Comparisons will be made from the correlation of the variables between country …

The Viability Of Profit-Loss Sharing Models To Finance Small And Medium Enterprises: The Case Of Saudi Arabia, Alhanoof Alghamdi

Electronic Theses and Dissertations

This study aims to explore the role of profit-loss sharing (PLS) models to alleviate access to finance for small and medium enterprises in Saudi Arabia, in the light of the stringent requirements of traditional financial institutions, to ensure the growth and development of the SME sector. A central question of this study is the extent to which Islamic banks can adopt profit-loss sharing modes to finance SMEs. The main results present the barriers preventing Islamic banks from the application of profit-loss sharing that increase incidence of agency problems for such institutions. High asymmetry of information and the nature of Islamic …

Internationalisation Of Indigenous Start-Ups: Economic Development In A Small Peripheral Economy, Clare O'Mahony

Conference papers

Ireland’s economic development is intrinsically linked to its success at attracting Foreign Direct Investment (FDI). For decades, indigenous industry has lagged behind the foreign-owned sector, giving rise to concerns of a dualistic industrial structure. An over-reliance on FDI carries a number of risks associated with its footloose nature and weak linkages in the domestic economy. The development of a strong export-oriented indigenous sector is therefore seen as essential to ensure sustainable economic growth and employment security. Since the 1990s, Irish industrial policy has placed a greater emphasis on indigenous industry. At the same time technological change and the decentralisation of …

Who Reacts To Income Tax Rate Changes? The Relationship Between Income Taxes And The Motivation To Work: The Case Of Azerbaijan, Orkhan Nadirov, Bruce Dehning, Khatai Aliyev, Minura Iskandarova

Accounting Faculty Articles and Research

This research investigates the effects of income taxation on the motivation to work by employing a survey method for the Azerbaijan population. The two research questions of interest are, if subjects consider income taxes when deciding how many hours to work and how subjects would react to a hypothetical 5% income tax rate increase. Also examined are the responses to these questions between subjects with different socio-economic characteristics. Examining cross-sectional data of 326 respondents reveals that income taxes do not influence Azerbaijan labour market participants’ motivation to work, regardless of their socio-economic characteristics. Empirical results indicate that reactions to hypothetical …

Evaluation Of Monetary, Fiscal And External Inflationary Sources In Nigeria, Samson A. Aladejare

Journal for the Advancement of Developing Economies

This study focuses on evaluating the monetary, fiscal and external inflationary sources in Nigeria. The Auto-Regressive Distributive Lag estimation technique was adapted to capture these effects. Empirical findings of the study showed that overall, the main determining cause of inflation in both short run and long run periods in Nigeria, are more of monetary and external factors and less of fiscal sources. Specifically, the problem of inflation in Nigeria appears to be more of structural phenomenon than monetary in the short run. However, in the long run, combinations of monetary and external factors tend to be the major cause of …

Land Tenure, Governance And Accountability In Nigeria: The Implications On Food Production To Feed The Present And The Future, Abiodun E. Obayelu, Aisha O. Arowolo, Olatokunbo H. Osinowo

Journal for the Advancement of Developing Economies

Land is very vital for agricultural production, and for any nation that wants to be self-food sufficient. Different land reforms have taken place in Nigeria since 1960 with the aim of facilitating access to agricultural land, and make the nation self-sufficient in food production, but little changes have only been recorded. Bureaucracy by approving authorities in practice in communities where land is situated still hinders land acquisition for agricultural investment. This study therefore analyzes land policy, governance and accountability and draw out some implications on food production in Nigeria. The percentage of arable land to the total land area was …

Internal Control Activities As A Tool For Financial Management In The Public Sector: A Case Study Of Ghana Post Company Limited, Kwakye E. Agyapong

Journal for the Advancement of Developing Economies

The case, Ghana Post Company Limited, allows for the observation of internal control activities as a tool for financial management in the public sector. The objective of the research is to examine the control environment of the Ghana Post Company to ensure there is segregation of duties, proper information and communication between employees and management; and monitoring of the policies implemented by management. The sample size of 36 included individuals from all of the departments within the company. The departments are Auditing and Finance, Human Resource, Mail and Parcels, and Financial Services. The work established had continued lapses in the …

How To Restructure Venezuelan Debt (¿Cómo Restructurar La Deuda Venezolana?), Mitu Gulati, Lee C. Buchheit

Faculty Scholarship

English Abstract: There is a growing consensus that Venezuela will not be able to persist for much longer with its policy of full external debt service. The social costs are just too great. This implies a debt restructuring of some kind. Venezuela, principally through its state-owned oil company, Petróleos de Venezuela, S.A. (“PDVSA”), has extensive commercial contacts with the United States. Not since Mexico in the 1980s has an emerging market country with this level of commercial contacts attempted to restructure its New York law-governed sovereign debt. Holdout creditors in a restructuring of Venezuelan sovereign debt will therefore present a …

Deterring Holdout Creditors In A Restructuring Of Pdvsa Bonds And Promissory Notes (¿Cómo Disuadir A Acreedores 'Holdout' En Una Restructuración De Bonos Y Pagarés De Pdvsa?), Lee C. Buchheit, Mitu Gulati

Faculty Scholarship

The prospect of the potential mischief that may be caused by holdout creditors in a Venezuelan sovereign debt restructuring is probably the main reason why the Maduro administration has not attempted such an exercise. The next administration in Venezuela — whenever and however it may arrive — will not want for suggestions about how to minimize or neutralize this holdout creditor threat. This short article is another contribution to that growing literature. Were the Republic of Venezuela to acknowledge that there really is only one public sector credit risk in the country, and that the distinction between Republic bonds and …

Local Liability In International Economic Law, Timothy Meyer

Faculty Scholarship

No abstract provided.

Restructuring Sovereign Debt After Nml V. Argentina, Lee C. Buchheit, G. Mitu Gulati

Faculty Scholarship

The decade and a half of litigation that followed Argentina’s sovereign bond default in 2001 ended with a great disturbance in the Force. A new creditor weapon had been uncloaked: The prospect of a court injunction requiring the sovereign borrower to pay those creditors that decline to participate in a debt restructuring ratably with any payments made to those creditors that do provide the country with debt relief.

For the first time holdouts succeeded in fashioning a weapon that could be used to injure their erstwhile fellow bondholders, not just the sovereign issuer. Is the availability of this new weapon …

Three Essays On Population Dynamics, Trade And Growth, Anna Maximova

Theses and Dissertations--Economics

Changes in immigration patterns and differential fertility choices shape the economies of both developed and developing countries. However, these changes affect the economies of developed and developing nations in different ways. This study aims to understand the changes in population dynamics, brought about by differences in cross--country differential fertility choices and migration patterns, and how these changes affect economic development via the channels of international trade and cross--country human capital accumulation.

Chapter 1 discusses the background, data and literature on the patterns and composition of immigration and international trade, which are further explored in Chapter 2 for the world sample …

How Do The Trans-Pacific Economies Affect The Usa? An Industrial Sector Approach, Takeshi Yagihashi, David D. Selover

Economics Faculty Publications

This paper studies how the Trans-Pacific region affects the US economy in terms of business cycle transmission. We use a large data set consisting of disaggregated sectoral industrial production indexes from selected countries in the region and employ a factor-augmented vector autoregression (FAVAR) approach to analyze the transmission of shocks in different industries. We find that a positive output shock in the entire Trans-Pacific region has positive effects on the majority of US manufacturing sectors. We also find that sectoral shocks in five sectors of the Trans-Pacific region have a large impact on the overall US economy. Three of the …