International Capital Flows And World Output Gains,
2010
University of Bonn
International Capital Flows And World Output Gains, Jurgen Von Hagen, Haiping Zhang
Research Collection School Of Economics
We develop a two-country overlapping-generations model with domestic financial frictions and show that cross-country differences in financial development explain three recent patterns of international capital flows. In our model, domestic financial frictions distort the interest rates and production efficiency in the less financially developed country. Capital flows not only lead to cross-country resource reallocation, but also trigger within-country resource reallocation among firms. From the efficiency perspective, full capital mobility raises the world output higher than under international financial autarky. If the mobility of either financial capital or foreign direct investment is restricted, the world output may be lower.
Cultural Distance As A Determinant Of Bilateral Trade Flows: Do Immigrants Counter The Effect Of Cultural Distance?,
2010
Franklin & Marshall College
Cultural Distance As A Determinant Of Bilateral Trade Flows: Do Immigrants Counter The Effect Of Cultural Distance?, Roger White, Bedassa Tadesse
Economics
We introduce ‘cultural distance’ as a measure of the degree to which shared norms and values in one country differ from those in another country, and employ a modified gravity specification to examine whether such cultural differences affect the volume of trade flows. Employing data for US statelevel exports to the 75 trading partners for which measures of cultural distance can be constructed, we find that greater cultural differences between the United States and a trading partner reduces state-level exports to that country. This result holds for aggregate exports, cultural and noncultural products exports as well, but with significantly different …
Risk, Learning, And The Technology Content Of Fdi: A Dynamic Model,
2010
Singapore Management University
Risk, Learning, And The Technology Content Of Fdi: A Dynamic Model, Pao Li Chang, Chia-Hui Lu
Research Collection School Of Economics
This paper builds a dynamic model of catching up to examine the policy stance of developing countries in attracting inward FDI. We show that the observably evident risk of FDI failure sets a minimum threshold on the South's technology capacity and furthermore creates a limit on the technology content of inward FDI. We provide economic foundations for the determinants of the FDI risk and formalize how the risk factor evolves over time as the South moves up its technology ladder. The model offers an insightful and tractable framework for empirical studies with a dynamic content, and reconciles many relevant empirical …
The Effects Of Consumer Animosity, Consumer Ethnocentrism And Patriotism On The U.S. Made Products : A Study Of Muslim Consumers In Malaysia.,
2010
Universiti Malaya
The Effects Of Consumer Animosity, Consumer Ethnocentrism And Patriotism On The U.S. Made Products : A Study Of Muslim Consumers In Malaysia., Khairul Anuar Mohammad Shah
Student Works (2010-2019)
The primary objective of this study is to examine the negative attitudes of Malaysian Muslim consumers towards US made products. The conceptual model for this study was adapted from the model developed by Klein, Ettenson and Morris (1998). In their model, two sources of negative attitudes towards foreign made products were included, i.e., consumer animosity and consumer ethnocentrism. However, this study integrated another source of negative attitude, i.e., patriotism. The framework of this study suggests that consumer animosity, consumer ethnocentrism and patriotism will negatively influence the judgment of US made products and, subsequently, their purchase willingness and purchase action. Also, …
The Gettysburg Economic Review, Volume 4, Spring 2010,
2010
Gettysburg College
The Gettysburg Economic Review, Volume 4, Spring 2010
Gettysburg Economic Review
No abstract provided.
Cultural Diversity, Immigration And Trade: A Study Of Nine Oecd Host Countries,
2010
Franklin & Marshall College
Cultural Diversity, Immigration And Trade: A Study Of Nine Oecd Host Countries, Roger White, Bedassa Tadesse
Economics
Employing data from nine OECD countries and 67 trading partners for the years 1996-2001, we examine the inter-relationships between immigration, cultural diversity and trade. We find greater cultural differences between immigrants’ host and home countries inhibit trade flows. However, immigrants exert pro-trade influences that partially offset the effect of cultural distance. We also find that greater cultural diversity within the immigrants’ host countries is associated with the creation of trade between immigrants’ host and home countries. The findings suggest that the ability of immigrants to influence their host’s trade with their home countries depends, in part, on the characteristics of …
Determinants Of Hyperinflation: An Analysis Of Argentina,
2010
Bryant University
Determinants Of Hyperinflation: An Analysis Of Argentina, Eric Fudge
Empirical Economic Bulletin, An Undergraduate Journal
This paper examines the history of inflation rates in Argentina compared to other economic factors, including: GDP, national budget, money supply, exchange rate, and unemployment levels. Using data from the World Bank and Centre of International Economics this paper will give insight into some of the causes of high inflation levels that were evident in Argentina throughout the 1980s, peaking with hyperinflation in 1989 and 1990. Results from analyzing statistics pertaining to Argentina’s economy from 1980 to present suggest that perpetual budget deficits led the government to print money more rapidly, causing a significant decrease in currency valuation and thus …
International Graduate Students And U.S. Innovation,
2010
Gettysburg College
International Graduate Students And U.S. Innovation, Svetoslav I. Semov
Gettysburg Economic Review
This paper attempts to empirically evaluate the contribution of international graduate students to U.S. innovation. The main framework used is a simplified version of the ―national ideas production function‖. Two econometric specification are estimated – one in which a time trend is incorporated to observe the short-term relationship between the variables and one in which no time trend is included with the goal of capturing the variables‘ long term equilibrium relationship. The results suggest that in the long-term the number of international graduate students significantly (at the 10% level) affects innovative activity. However, when the short-term relationship of the variables …
Endogenous Oca (Optimum Currency Area) Analysis And The Early Euro Experience,
2010
Claremont Graduate University
Endogenous Oca (Optimum Currency Area) Analysis And The Early Euro Experience, Thomas D. Willett, Orawan Permpoon, Clas Wihlborg
Business Faculty Articles and Research
Some have argued that the endogenous responses to the formation of a currency area are so strong that one need not worry about optimum currency area conditions ex ante. We argue that this is much too strong a conclusion. We draw on a number of recent studies to evaluate the endogeneity experiences of the eurozone in three major areas; trade flows, business cycle synchronisation and structural reforms to improve labour and product market flexibility. Simple before-and-after comparisons are insufficient for analysis of endogeneity. The experiences of non-euro Western European economies suggest that broader trends also had considerable influence on trade …
Cultural Diversity, Immigration And International Trade: An Empirical Examination Of The Relationship In Nine Oecd Countries,
2010
Whittier College
Cultural Diversity, Immigration And International Trade: An Empirical Examination Of The Relationship In Nine Oecd Countries, Roger White, Bedassa Tadesse
Economics
Employing a variant of the standard gravity equation and data from nine OECD immigrant host countries and 67 trading partners for the years 1996-2001, we examine the immigrant-trade relationship. Particular emphasis is placed on the potential influences of host country cultural diversity and host-home cultural distance. Data from the World Values Surveys and the European Values Surveys are used to calculate the cultural distances between immigrants’ host and home countries. Cultural distance is taken to be a proxy measure for the extent to which immigrants’ host countries are culturally divergent from their home countries. To estimate the cultural diversity of …
The Effects Of Economic Factors In Determining The Transition Process In Europe And Central Asia,
2010
Macalester College
The Effects Of Economic Factors In Determining The Transition Process In Europe And Central Asia, David A. Lopez
Award Winning Economics Papers
This paper examines how economic determinants affect foreign direct investment into a sample of Western European and transition countries from 1990 to 2003. The observed differences in the flow of foreign investment into the transition countries, relative to those in Western Europe, provokes the question of whether this phenomenon was determined by the economic factors present in those countries. Using a conceptual model constructed from economic factors that affect FDI inflows, this study considers the sample set for two sub-periods in the transition process, namely the early period from 1990 to 1998 and the later period from 1998 to 2003. …
Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2010,
2010
Central Bank of Nigeria
Central Bank Of Nigeria Annual Report And Statement Of Accounts For The Year Ended 31st December 2010, Central Bank Of Nigeria
CBN Annual Report
2010 annual report reviews the operations of the Central Bank of Nigeria (CBN) and appraises the macroeconomic policies in 2010. the report is structured into two parts. Part 1 reviews the corporate operations of the bank, while the part 2 evaluates the performance of the economy against the challenges in both the thrust of monetary policy and other financial measures was to improve liquidity and enhance the efficiency and stability of the financial system without compromising the primary goal of monetary and price stability.
The Crime Rate In America: How Influential Is The Economy In Affecting The Level Of Crime?,
2010
Bryant University
The Crime Rate In America: How Influential Is The Economy In Affecting The Level Of Crime?, Joseph Kuhar
Empirical Economic Bulletin, An Undergraduate Journal
This paper explores the determinants of the crime rate, and whether or not the economy and its many indicators play a substantial role in affecting this rate. Many factors affect the crime rate in a given country/state/area including the number of police, the rate at which crime is reported, as well as the population. This paper will explore the following variables: the crime rate (dependent), number of police, conditions that affect the crime rate, the reported crime rate, and the reporting rate. It will also analyze the following economic conditions and whether or not they have a substantial effect on …
The Effect Of Education On Property Crime Across State,
2010
Bryant University
The Effect Of Education On Property Crime Across State, Wes Andrews
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the effects/importance of these independent variables (High School Graduation Rate, GDP growth Rate, GDP per capita, expenditures per capita in terms of police force, expenditures per capita in terms of the court system, employment rate, percentage of people with college degrees, and the average wage rate) on property crimes across the 50 states. The study will use OLS in order to examine the influence of these variables. Based on reviews of other similar studies it is expected that there is a negative correlation between the amount of schooling and property crime.
The Long-Run Relationship Between Inflation And Unemployment In Malaysia,
2010
Bryant University
The Long-Run Relationship Between Inflation And Unemployment In Malaysia, Matthew Tremblay
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the long-run relationship between inflation and unemployment in the economy of Malaysia between 1972 and 2004. Basing my model off of an investigation by Fair (1997), this study will attempt to quantify the relationship between inflation rates, unemployment, wage rates, changes in production, and a measure of demand pressure. Using macro-level data from various sources, it is expected that the results will suggest periods of high inflation are directly related to high unemployment, decreased wage rates, lower production levels, and substantially weak demand pressures.
The Impact Of Socioeconomic And Environmental Factors On Infant Mortality In The U.S.,
2010
Bryant University
The Impact Of Socioeconomic And Environmental Factors On Infant Mortality In The U.S., Tai Abukasis
Empirical Economic Bulletin, An Undergraduate Journal
This paper examines socioeconomic and environmental agents that may affect infant mortality rates among Whites, Blacks, and Hispanics in the United States. Data was collected at the state level from both federal and private databases. Three separate ordinary least squares regressions were taken for each of the aforementioned demographics. The correlations between the independent variables and infant mortality were examined from a racially-based perspective to further evaluate potential underlying causes regarding geographic, financial, and environmental constituents. Analysis of the regressions revealed that particular variables affect the rate of infant deaths among races differently and that racial disparity continues to exist …
The Impact Of An Economic Recession On Etf Sectors: Which Etf Sectors Are Most Recession-Proof?,
2010
Bryant University
The Impact Of An Economic Recession On Etf Sectors: Which Etf Sectors Are Most Recession-Proof?, Salvatore Galbo
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates which ETF sectors are most recession-proof by focusing on sector performance and finding the possibility of a positive or negative correlation between specific sectors and the overall market performance during such recessionary times. The study compares the percentage gain or loss by each ETF sector with regression analysis to determine which sectors perform better than the overall market performance during an economic downturn. The study incorporates the most recent recession and the recession during 2001, when the technology bubble burst occurred, to find any relevance and/or consistency in my study. The results show that out of all …
Labor Productivity, Inflation, And Unemployment's Relationship With Wage Formation In The United States,
2010
Bryant University
Labor Productivity, Inflation, And Unemployment's Relationship With Wage Formation In The United States, Peter Longhi
Empirical Economic Bulletin, An Undergraduate Journal
This paper discusses unemployment, labor productivity and inflation’s effect on wage formation in the United States. This paper looks at a very well researched topic of wage formations relation to unemployment and labor productivity to see if there is a long term homogenous relationship between the wage levels and the dependent variables. By using quarterly data from 1996 to 2009, I will attempt to observe if wages are following the classical theoretical relationship in the United States. The specified time period will allow us to observe a distinct boom and bust in the economy. I expect to find a long …
What Drives The United States Housing Starts,
2010
Bryant University
What Drives The United States Housing Starts, Myles Ojala
Empirical Economic Bulletin, An Undergraduate Journal
This paper examines the determinants of new housing starts within the United States. Using recent monthly data, this study will consider factors such as residential building permits, long and short-term mortgage rates, savings rates, and mortgage availability, to show how each of these variables influence the U.S housing market in the form of residential housing starts. Using a VAR model, this paper will show the impact that the vector variables have on each other, and especially, housing starts. By using a split set of data, this paper will also show the impact of the vector variables on housing starts during …
Factors Effecting Gdp Growth In Member States Of The European Union,
2010
Bryant University
Factors Effecting Gdp Growth In Member States Of The European Union, Kris Mortimer
Empirical Economic Bulletin, An Undergraduate Journal
This paper investigates the GDP growth in member states of the European Union from 1978 until 2007. As most people are well aware of, GDP is calculated by the sum of consumption, government expenditure, investment, and net exports. The research conducted for this paper intends to discover what other variables have affected GDP growth in the past 30 years. The variables used in this paper include the public expenditure on education, total population, inflation, percentage of population who are adolescents (0-14), adults (15-64), or elderly (65+). Today there are twenty-seven member states in the Union from which I have compiled …
