International Economics Commons^™

Monetary Policy Rules In Zero Nominal Interest Rate Environments: Exiting The Zero Bound, Sean Lambert

Empirical Economic Bulletin, An Undergraduate Journal

The zero bound of nominal interest is known as a liquidity trap, where expansions in the monetary base no longer are effective in lowering the nominal interest rate. This takes away the main tool of traditional monetary policy, and eliminates the ability of monetary policy to stabilize economic conditions. It has been noted that monetary policy rules, such as the Taylor Rule, fail in this situation. The Federal Reserve of the United States solved this problem by massively increasing the monetary base even after the zero bound was reached. Yet another problem loomed even as the economy began to stabilize: …

Corporate Tax Rates: Causes For Tax Rate Discrepancies At The Firm Level, Matthew G. Zanotta

Empirical Economic Bulletin, An Undergraduate Journal

This paper examines the relationship between a corporation’s tax rate and a number of different variables. The variables chosen were assets, sales, property, plant, and equipment (PPE), inventory, research and development (R&D), and return on assets (ROA). The model incorporates each of these variables to find a correlation to corporate tax rates. These specific variables were chosen to represent firm size (assets at book value), financial leverage, capital structure (PPE to assets), and inventory investment (inventory to assets). The other two variables, R&D (R&D to net sales), and profitability (ROA) were chosen because of their direct value. The results from …

Educational Attainment And The Impact Of Financial Crisis On European Youth Unemployment, Matthew Mcintyre

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates some of the underlying causes of the drastic increase of youth unemployment from before the 2008 financial crisis to after the crisis. The purpose of the study is to discover what determinants had the largest impact on youth unemployment before and after the crisis. The study also attempts to differentiate between youth unemployment on a primary, secondary, and tertiary level of education, and establish the extent that each group is at risk for unemployment. It is expected that the financial crisis will have a positive and significant impact on unemployment for those with lower education levels, while …

The Impact Of Minimum Wage On Female Labor Participation Rate In The United States, Nguyen Tran-Nguyen

Empirical Economic Bulletin, An Undergraduate Journal

This study looks at the relationship between minimum wage and female labor participation rate in the recent years from 1990 to 2014. The study incorporates results from a multivariate regression model as well as other similar studies in the field to see whether or not an increase in minimum wage would benefit female labor participation. It is expecting to see a positive correlation between those two variables, as minimum wage increase would benefit teenage female workers and adult female workers.

Economic Reforms, Governance And Fdi: The Case Of The Unasur, Pedro E. Rodriguez

Empirical Economic Bulletin, An Undergraduate Journal

Since the early 2000s, member countries of the Union of South America Nations (UNASUR) have moved drastically to the left of the political spectrum and have implemented protectionist economic reforms. Contrary to what many studies and scholars have concluded, the political realignment of the region and the implementation of protectionist policies has had a positive effect on foreign direct investment (FDI) inflows into the region. For the past two decades, total FDI inflows into the region has increased drastically from $8 billion to $150 billion. This study found that there is a combination of both economic reform and governance variables …

Efectos Regionales Del Libre Comercio: El Caso Del Noreste De México, Gaspare Genna, Edgardo Ayala Gaytán, Joana Chapa Cantú, María De Lourdes Treviño Villarreal

Departmental Papers (PS)

This work documents trade and productivity flows between Northeastern Mexico, US States, and Canadian provinces. It quantifies the effect of NAFTA on exports, investment foreign direct and total productivity of Northeastern Mexico and, through the combination of a general equilibrium model and time series techniques, analyzes the effects of structural change generated by the NAFTA on value added, employment and welfare.

Shikkhangon: A Non-Disruptive Primary Education Center For The Underprivileged Children In Bangladesh, Nisar Ahmed

Journal for the Advancement of Developing Economies

Over the last few decades, Bangladesh has achieved significant progress in providing access to primary education for all children. But, the underprivileged segment of the population still cannot send their children to schools, primarily due to the inflexible nature of the traditional school system that conflicts with their lifestyle and livelihood. Also, the quality of students’ achievements under the traditional system suffers due to low quality of pedagogy. In order to provide a quality education befitting the lifestyle of the underprivileged, a departure from the traditional schooling is proposed. This new model allows students to access and learn from motivated …

Developing Economies By Advancing Entrepreneurship: An Interview With Amaury De Parcevaux, Simone T.A. Phipps, Amaury De Parcevaux

Journal for the Advancement of Developing Economies

Today, Amaury de Parcevaux is the President of Beeleev, a company he co-founded with Hugues Franc, Founder and CEO. Franc and de Parcevaux attended boarding school together in France, and reflect the vision and mission of Beeleev, which aims to build a collaborative business platform for entrepreneurs seeking to grow their business internationally. Entrepreneurs can benefit from Beeleev via membership. Beeleevers’ membership opens a farreaching network that connects entrepreneurs from different countries, providing the necessary contacts to aid entrepreneurs as they conduct business in another country. For example, if an American entrepreneur needs to find a way into the Korean …

Technical Efficiency Of Onion Production In Pakistan, Khyber Pakhtunkhwa Province, District Malakand, Abid Khan

Journal for the Advancement of Developing Economies

This research was conducted to estimate the technical efficiency and determinants of onion production, by using the Cobb-Douglas stochastic frontier production function with the inefficiency effects model. A multistage sampling technique was used to collect data, randomly, from 93 respondents. The empirical results showed that urea, farm yard manure (FYM), irrigation, and pesticides were the major factors that influence changes in onion production. Farm-specific variables such as education and area were found to have significant effects on the technical inefficiency among the onion producers. The technical efficiency of farmers varied from 0.7478 to 0.9851 with a mean technical efficiency of …

Cell Phone Repairers In Cameroon, 2000-2013, Walter Gam Nkwi

Journal for the Advancement of Developing Economies

This article focuses on cell phone repairers in Cameroon history. It examines how the cell phone has been appropriated by Cameroonians by repairing and extending its life. It questions the ways the repairers have understood the inner parts of the cell phones. How has the repairing of cell phones led to sustaining the livelihood of the repairers? It appears that life would have been unimaginable in the second half of the 21st century without better communication. In Africa mobile phone communication has expanded exponentially over the last decade and will hopefully continue to do so during the coming decades. Cell …

Next Focal Point Of China's Stock Market: Earnings-But Can We Trust The Numbers?, Shaomin Li, Seung Ho Park

Management Faculty Publications

[Introduction] The recent stock market turmoil and the economic slowdown in China have kept analysts busy projecting where the economy is going and what the government will do. The Chinese government has also issued a number of reforms of state-owned enterprises and other aspects of the economy. However, these reforms and increased scrutiny by both regulators and investors will be futile unless larger problems with market fundamentals in Chinese companies are addressed.

While the world's attention has been fixed on what the Chinese government is going to do next, there has been a tendency to neglect market fundamentals and to …

Why Do Countries Cooperate? The Effect Of Cross-Border Pollution, Eric D. Johnson

Graduate Student Theses, Dissertations, & Professional Papers

As evidence regarding the consequences of climate change grows, the need to act cooperatively becomes increasingly apparent. International environmental agreements are one of many means being pursued to improve environmental management and combat climate change at large. This study examines factors that influence international environmental treaty participation among European countries. Using panel data on 35 European countries for 1980-1999, joint treaty participation is estimated as a function of various globalization variables with specific attention given to the effects of cross-border air pollution, foreign direct investment, and trade. These results suggest that cross-border air pollution does increase cooperation even after controlling …

Innovation And Productivity: Evidence From China, Jingying Xu

Honors Theses

This paper investigates a lesser-known effect of innovation on the productivity of manufacturing firms in China using data that cover more than 330,000 firms across 40 sectors from 1998 to 2008. Innovation plays a key role in the productivity of firms and it matters for all types of firms, new as well as established. The ratio of new product output to the firm’s total outputs is used to measure innovation ability in this paper. A higher ratio is expected to have a positive impact on a firm’s productivity since new products are likely to be more differentiated than old products …

Institutions, Distance, And Foreign Direct Investment, Charles Coffman

Honors Theses

In this paper, I examine institutional differences between countries and the effect that those differences have on FDI flows using data from 193 countries and ten institutional indicators from the Index of Economic Freedom. I find a statistically significant result for five institutional distance variables. My results also support existing literature that claims that strong institutions increase FDI flows. I found that strong institutions are negatively associated with FDI inflows to low income countries, with the exception of trade and natural resources, suggesting that firms are investing in low income countries for natural resources and cheap production that can be …

The Political Economy Of Good Governance, Sisay Asefa Editor, Wei-Chiao Huang Editor

Upjohn Press

The contributors to this book capture several of the key dimensions of good governance, as well as what deleterious and negative consequences may arise in its absence. They draw analysis and solutions from diverse sectors such as economics, public administration, management, and political science, in order to treat some of the most pressing societal issues of our time. They connect the importance of education, health, climate change, and poverty to address the challenges of creating a world where more countries embrace good governance policies to benefit their peoples.

Hacking The Wealth Of Nations: Managing Markets Amid Malware, David P. Fidler

Articles by Maurer Faculty

No abstract provided.

Trade Lectures, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Trade lecture folder notes by Anwar Shaikh, PhD
• Currie lecture: a classical theory of international trade and exchange rates and empirical evidence by Anwar Shaikh, PhD
• Alvaro Zerda Bogota day 2 seminar notes by Anwar Shaikh, PhD
• Bogota lecture 2: trade notes by Anwar Shaikh, PhD
• Trade classical cost equations by Anwar Shaikh, PhD
• Trade classical equations by Anwar Shaikh, PhD

Pagtugon Sa Sari-Saring Panganib: Mga Aral Mula Sa Mga Krisis Pananalapi, Tereso S. Tullao Jr

Angelo King Institute for Economic and Business Studies (AKI)

Nitong nakaraang dalawang dekada, nakaranas ang mga ekonomiya sa iba’t ibang bahagi ng mundo ng tatlong matitinding krisis pananalapi. Ang mga ito ay nagdulot ng malalawak na pinsala sa mga mamamayan, pamahalaan at mahahalagang sektor ng ekonomiya lalo na sa sektor ng pananalapi.

Ang pagkalat ng krisis pananalapi tungo sa isang malawakang krisis ekonomiko ay nakasalalay sa sektor ng pananalapi lalo na ang pagbabangko. Makikita na maraming sa mga sanhi ng krisis ay nakaugat sa di maingat ng pagbabangko. May mga pagkakataon din na ang krisis ay hindi nagmumula sa mga bangko. Ngunit dahil ang mga bangko ay pangunahing sektor …

Brics And The New Development Bank: Impact On The U.S. Economy And The Dollar, Valeria Rohde

A with Honors Projects

The BRICS nations and the New Development Bank have been a topic of interest among economists for the past years. The BRIC acronym, which is what it was named originally, was created by Jim O’Neill from investment bank Goldman Sachs back in 2001 in his paper titled, “Building Better Global Economic BRICs.” Since then, a letter has been added to the acronym, which is now known as BRICS and stands for the countries of Brazil, Russia, India, China, and South Africa. The reason for these countries being noticed in the world economy is due to their superior growth in GDP …

Three Essays In International Macroeconomics, Simeon Boyanov Nanovsky

Theses and Dissertations--Economics

This dissertation spans topics related to global trade, oil prices, optimum currency areas, the eurozone, monetary independence, capital controls and the international monetary policy trilemma. It consists of four chapters and three essays. Chapter one provides a brief summary of all three essays. Chapter two investigates the impact of oil prices on global trade. It is concluded that when oil prices increase, countries start trading relatively more with their neighbors. As an application this chapter provides a new estimate of the eurozone effect on trade. Chapter three continues to study the eurozone and asks whether it is an optimum currency …