Economics Commons^™

Recent Advances In Nonstationary Time Series: A Festschrift In Honor Of Peter C. B. Phillips, Robert S. Mariano, Zhijie Xiao, Jun Yu

Research Collection School Of Economics

On July 14–15, 2008, the School of Economics and the Sim Kee Boon Institute for Financial Economics at Singapore Management University (SMU) co-hosted a conference honoring the contribution of Peter Phillips to econometrics and statistics, in celebration of his 60th birthday. In total, 51 papers were presented by his colleagues and former students, who deeply appreciate and respect Peter as a true scholar and a good friend. These papers mainly cover two areas of Peter’s current research interests—nonstationary time series analysis, and panel, nonlinear and nonparametric models. On the basis of this conference, we have taken the opportunity to edit …

Analysis Of Bank Failure And Size Of Assets, Guancun Zhong

UNLV Theses, Dissertations, Professional Papers, and Capstones

The financial health of the banking industry is an important prerequisite for economic stability and growth. Bank failures in the United States have run in cycles largely associated with the collapse of economic bubbles. The number of bank failures has increased dramatically over the last thirty years (Halling and Hayden, 2007). In this thesis, we try to address the following two questions: 1) What is the relationship, if any, between a bank's asset size and its likelihood of failures? 2) How can we use statistical tools to predict the numbers of bank failures in the future? Various modeling techniques are …

Runs, Panics And Bubbles: Diamond-Dybvig And Morris-Shin Reconsidered, Eric Smith, Martin Shubik

Cowles Foundation Discussion Papers

The basic two-noncooperative-equilibrium-point model of Diamond and Dybvig is considered along with the work of Morris and Shin utilizing the possibility of outside noise to select a unique equilibrium point. Both of these approaches are essentially nondynamic. We add an explicit replicator dynamic from evolutionary game theory to provide for a sensitivity analysis that encompasses both models and contains the results of both depending on parameter settings.

International Knowledge Flows And Technological Advance: The Role Of International Migration, Kacey N. Douglas

College of Business: Dissertations, Theses, and Student Research

Immigration is a major aspect of globalization. As the world becomes increasingly integrated, it becomes important to learn more about the effects of immigration on global economic growth. According to Robert Solow’s long run growth model, technological advance is the only form of economic growth sustainable in the long run. Those who contribute to technological advance – highly skilled labor – however, increasingly emigrate from lesser developed to more developed countries in a process known as brain drain. This process has been shown to lead to a permanent increase in income and growth in the host country relative to the …

The Geographical Dimension Of The Development Effects Of Natural Resources, Abdur Chowdhury, Fabrizio Carmignani

Economics Faculty Research and Publications

We study the contribution of natural resource intensity to long-term development along different dimensions: per-capita income, institutional quality, and education. We allow natural resources to affect these dimensions differently in different regions of the world. The evidence suggests that natural resources are generally a positive driver of development, but in Sub-Saharan Africa (SSA) their contribution is almost negligible, if not even negative. We explain these cross-regional differences with the fact that in SSA more than anywhere else large resource endowments are combined with a particularly bad disease environment. Some historical evidence and formal econometric results support this hypothesis.

Purchasing Power: The Effects Of Foreign Investment On Political Development In Kazakhstan, William Curtis Sullivan

Graduate Theses and Dissertations

This thesis examines the effects of foreign direct investment on Kazakhstan's political growth. Kazakhstan's transition to a market economy was plagued by corruption, and heavy investment in the oil industry generated resource dependency concerns. The regime later began to exert control over the oil industry through renegotiated contracts and legislative changes. This enriched and empowered the regime. As a result, Kazakhstani presidentm Nursultan Nazarbayev, was able to consolidate control over the state by employing "soft authoritarian" tactics and by rewarding political supporters. The regime was able to employ these tactics because of the wealth that foreign investment created. Thus, control …

The Role Of Family Resources In The Determination Of Child Outcomes, Tengzhen Wang

All Theses

This thesis studies the role of family resources in the determination of child outcomes, specifically the degree to which family resources affect the child's years of schooling and future income. By analyzing data from the NELS (National Educational Longitudinal Study), it is found that children from families with greater financial resources typically attend school longer and earn more money than children from families with less financial resources. Child personal ability is also found to affect schooling and personal earnings.

Gendered Production And Consumption In Rural Africa, Michael Kevane

Economics

Recent research underscores the continued importance of gender in rural Africa. Analysis of interactions within households is becoming more sophisticated and continues to reject the unitary model. There is some evidence of discriminatory treatment of girls relative to boys, although the magnitudes of differential investments in health and schooling are not large and choices seem quite responsive to changes in opportunity costs. Social norms proscribing and prescribing male and female economic behavior remain substantial, extending into many domains, especially land tenure. Gender constructions are constantly evolving, although there is little evidence of rapid, transformative change in rural areas.

Poverty In America: Why Can't We End It?, Peter B. Edelman

Georgetown Law Faculty Publications and Other Works

The lowest percentage in poverty since we started counting was 11.1 percent in 1973. The rate climbed as high as 15.2 percent in 1983. In 2000, after a spurt of prosperity, it went back down to 11.3 percent, and yet 15 million more people are poor today.

At the same time, we have done a lot that works. From Social Security to food stamps to the earned-income tax credit and on and on, we have enacted programs that now keep 40 million people out of poverty. Poverty would be nearly double what it is now without these measures, according to …

International Financial Standards And The Explanatory Force Of Lex Mercatoria, Cally Jordan

Faculty Papers & Publications

The global financial crisis has cast a strong light on some hitherto obscure corners of the financial world, provoking an outpouring of calls for concerted international action. “Hard law” having disappointed, can “soft law”, in the form of international financial standards, substitute for traditional national legislation. This article examines some of the difficulties associated with the “international standards as soft law” discourse.

First of all, conceptual problems in the “soft law” discourse itself reveal profoundly different patterns of legal thought cutting across national boundaries, resulting in different understandings of international financial standards. Secondly, recent experience, over the past decade, with …

Making The Case For Public Health: Estimating Roi And Value, Glen P. Mays

Health Management and Policy Presentations

This presentation describes recent progress and new directions for estimating the value of public health strategies and infrastructure.

Business & Finance - Black Monday Memories, John Crudele

Syracuse University Magazine

No abstract provided.

Microfinance As An Effective Development Solution: The Case Of Mongolia, Kjersten Adams

Undergraduate Honors Capstone Projects

Microfinance is increasingly looked at as a development solution for countries around the world. Its development and practice in former communist countries, however, has been relatively unexplored. This study seeks to fill this gap by asking how the practice and operation of microfinance in Mongolia compare to global best practices. Using global best practice frameworks regarding regulatory and organizational environments for microfinance, data gathered from surveys and onsite training observations at Xacbank is used to assess Mongolia's financial sector and its relative compliance to said practices. The analysis helps address the question of whether microfinance has helped or hindered Mongolian …

“Advancing With The Times: Industrial Design Protection In The Era Of Virtual Migration”, Horacio E. Gutiérrez

IP Theory

No abstract provided.

Essays In Sports Economics, Daniel Mark Chin

USF Tampa Graduate Theses and Dissertations

The study of economics is based on key concepts such as incentives, efficiency, marginality and tradeoffs. Economic research has hypothesized and tested for how economic agents behave after taking each of these into account. In order for agents to meet their objectives it is sometimes the case that they intentionally keep their behaviors out of sight. However, economic theory can be used to search for patterns of observed behaviors from which the unobserved behaviors can be inferred. This dissertation performs this kind of analysis by observing the behavior of sports participants.

Chapter 1 is an application of Becker's (1968) economic …

The Role Of Macroeconomic And Group Threat In Prejudice, Aaron Hass

Morehead State Theses and Dissertations

A thesis presented to the faculty of the College of Science and Technology at Morehead State University in partial fulfillment of the requirements for the Degree of Master of Science by Aaron Haas on June 11, 2012.

Birth Rates And The Vietnam Draft, Marianne P. Bitler, Lucie Schmidt

Economics: Faculty Publications

No abstract provided.

Internationalisation By Idiosyncrasy: Resource Commitments And Competencies For Professional Service Firm Internationalisation, Deirdre Mcquillan, Pamela Sharkey Scott, Vincent Mangematin

Conference papers

Using a behavioral process approach within the field of international business theory, this study adopts a resource based lens to examine an area exhibiting exceptional growth, the internationalisation of professional service firms (PSFs). An in-depth qualitative study of the internationalisation process of five architectural firms expanding to multiple international markets was conducted. The paper’s main contribution is the identification of the interplay between the learning process and resource commitments for internationalisation. We reveal how these PSFs can be classified along a continuum whereby they adopt either a project learning or a market learning approach which drives the development and acquisition …

The Economic Impact Of Echo Red 2 Red: A Mountain Biking Event, Katie Main, Kadin Hashimoto

2012 Projects

The Keck Summer Collaborative Research Program provides opportunities for Linfield College students and faculty to conduct research on issues related to the Pacific Northwest, and to bring the research findings back into the classroom within the subsequent academic year. Students partner with faculty to conduct research and present their work to other students, Linfield staff and faculty, and community members during a series of brown bag lunches. Katie Main and Kadin Hashimoto conducted research with Jeff McNamee and gave this presentation during the summer of 2012.

Many studies have evaluated the benefits of trails noting improvements in health and fitness, …

Rhode Island Current Conditions Index — July 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.