Economics Commons^™

Public Pension Crisis And Investment Risk Taking: Underfunding, Fiscal Constraints, Public Accounting, And Policy Implications, Nancy Mohan, Ting Zhang

Upjohn Institute Policy Papers

Public pension funds that cover retirement benefits for almost 20 million active or retired employees have been significantly underfunded. An important, though largely overlooked, issue related to pension underfunding is the excessive investment risk levels assumed by public plans. Our analysis suggests government accounting standards strongly affect public fund investment risk, as higher return assumptions (used to discount pension liabilities) are associated with higher investment risk. Public funds undertake more risk if they are underfunded and have lower investment returns in previous years, consistent with the risk transfer hypothesis. Furthermore, pension funds in states facing fiscal constraints allocate more assets …

Parallel Session: Building Pakistan’S Country Of Origin Image Through The Corporate Image: Exploring Optimal Corporate Brands For The Image Transfer, Ishrat Hussain

International Conference on Marketing

Pakistan is facing a multi-dimensional attack on its country image. While it is imperative to triumph over negative factors causing Pakistan’s bad country image, it is also necessary to explore additional images to strengthen favorable associations with Pakistan and support a distinguishing image. Such image will be beneficial for increasing tourism, foreign investment, exports of goods/services and generating favorable condition for achievement of economic and other strategic objectives in the world. Corporate image is one such image. But what are the optimal corporate brands for image transfer to build Pakistan’s country of origin (CoO) image overseas? This research aims to …

Keynote: The Role Of Marketing In Economic Development And Business: Trends And Challenges For Pakistan, Mushtaq Luqmani

International Conference on Marketing

This paper examines the role of marketing in economic development and business for developing countries and the marketing challenges for Pakistan within the context of some key emerging global trends.

Keynote: Branding A Nation In The 21st Century, Kriengsak Chareonwongsak

International Conference on Marketing

The concept of a ‘’Nation as a Brand’’ is not new, but has already been a historical reality. In the 21st Century however, it is necessary for each country to pay much more attention to this topic due to the greater and increasing interconnectedness and globalization of our world in every aspect; economically, politically and socially, as illustrated by the KOF Index of Globalization in 2011 which collected the data of 186 countries from 1970 to 2008, concluding that our world is more globalized (KOF Swiss Economic Institute, 2011).

Does Gender Inequality In Education Affect Educational Outcomes?, Kevin Sheehan

Honors Scholar Theses

There is little doubt that education has a major effect on economic growth. Studies have traditionally used years of schooling (a quantitative variable) to measure education, but there has a shift towards using qualitative measures of education when trying to test the relationship between education and growth. In fact, there is strong evidence that the quality of education is much more important for economic growth than the quantity of education. The best way to measure the quality of education in a given country is to measure educational outcomes, and the best way to measure outcomes across countries is to look …

Short-Time Compensation: Factors Leading To Its Adoption And Its Success In Connecticut, William Kimball

Honors Scholar Theses

The recent financial crisis has reawakened the U.S to the possible effects of a rapid economic downturn. Poor economic conditions have forced both households and government to tighten their budgets. Still, unemployment persists and the growth rate of the U.S has not been as robust as past recoveries. Worksharing, or short-time compensation (STC), is an unemployment insurance program where a pool of workers shares a reduction in their hours to avoid layoffs. The program offers both benefits and possible issues for firms, employees and state governments alike. This paper attempts to determine why certain states have elected to adopt STC …

Financial Solvency Of The American Government., Jamie Thomas

Undergraduate Honors Theses

The main topic of this paper is the financial solvency, or “the ability to pay all debts,” of the United States government (“solvency,” n.d.). The questions posed and analyzed are 1) is the American government solvent, 2) did Standard and Poor’s accurately downgrade the American debt, and 3) how does the national debt affect the solvency of the American government. To determine the solvency and effects of debt, analysis of financial information for America and nine other countries, grouped according to their credit rating is used. Solvency is determined by credit rating for this analysis; a country with a high …

Analyzing The Effects Of Brand Mascots On Social Media: Johnson City Power Board Case Study., Kristopher Caufield

Undergraduate Honors Theses

This paper examines the effects of a brand character or mascot on the brand and social media interactions. A case study was conducted on the recent introduction of Johnson City Power Board's new mascot Will Power. Facebook statistics were used to determine the amount of interaction certain posts received on the Johnson City Power Board's Facebook Page. Will Power posts received more interactions than any other topic for the Power Board.

The Determinants Of Voluntary Job Turnover In Chinese Medium And Small Enterprises: A Case Study, Jia Jia Li

Bachelor of Social Sciences – Senior Theses

The small and medium enterprises (SMEs) in China are developing rapidly. They are becoming more and more important to China’s economic restructuring and to the national economic development. However, since SMEs started appearing relatively late and the development history in China is relatively short, a lot of aspects are still unripe and a series of problems exists. Especially, the job turnover rate is commonly high in Chinese SMEs. The high level of turnover will badly affect the survival and development of SMEs. This research focuses on the factors that affect job turnover in China. The factors are divided into six …

Political Globalization And Civil War In Former British Colonies, Luke O. Feltz

Student Publications

The purpose of this paper to determine why civil war onset reduces political globalization in former British colonies. I set out by testing the relationship between being a former British colony and civil war presence, demonstrating a positive, though not statistically significant, relationship. I also examine the history of British colonialism. Through setting up specific system of indirect rule, British colonizers created conditions that contributed to intra-state conflict. Furthermore, through constructing a unique institutional system and maintaining ties to its former colonies, the British have created an atmosphere conducive to international political engagement after the onset of civil war. Yet, …

Cdfi Industry Analysis: Summary Report, Michael E. Swack, Jack Northrup, Eric Hangen

Carsey Publications

The Carsey Institute, under contract to NeighborWorks® America and the U.S. Department of Treasury's Community Development Financial Institutions (CDFI) Fund, conducted a detailed analysis of a large sample of community development financial institutions (CDFIs) on issues of capitalization, liquidity and portfolio, and risk management by CDFIs from 2005 to 2010. This work is part of the CDFI Fund's Capacity Building Initiative. The purpose of the report is to explore issues of capitalization, liquidity, and portfolio and risk management by CDFIs.

Cdfi Industry Analysis: Summary Report, 508 Compliant Version, Michael E. Swack, Jack Northrup, Eric Hangen

Carsey Publications

The Carsey Institute, under contract to NeighborWorks® America and the U.S. Department of Treasury's Community Development Financial Institutions (CDFI) Fund, conducted a detailed analysis of a large sample of community development financial institutions (CDFIs) on issues of capitalization, liquidity and portfolio, and risk management by CDFIs from 2005 to 2010. This work is part of the CDFI Fund's Capacity Building Initiative. The purpose of the report is to explore issues of capitalization, liquidity, and portfolio and risk management by CDFIs.

Do Commercial Banks’ Foreign Claims Affect Sovereign Bond Yields In The Euro Zone?, William Creedon

Award Winning Economics Papers

No abstract provided.

The Effects Of Infrastructure Development And Taxation On Current And Future Earnings, Mukta Mukherjee

Economics - Dissertations

This dissertation is a collection of three essays, each of which studies a policy in India that provides a unique circumstance affecting directly or indirectly earnings. The purpose of this work is to analyze how taxation and infrastructure development aspects the current and future earnings using these policies

In the first essay, I use a national infrastructure development program initiated in India in 2001 to construct new all-season roads (roads that can be used in all-weather especially monsoons) in villages that previously had only had dry-season roads (roads that are difficult to use in monsoons). In the second, I use …

Rhode Island Current Conditions Index — May 2012, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Does School Quality Affect Real Estate Prices? The Effect Of Top-Tier Elementary Schools On Property Prices In Shanghai, Wanyi Li

Economics Honors Projects

This study adapted the hedonic pricing model and inspected how varying elementary school quality affects property prices in Shanghai. Because the variation of school quality appeared before the capitalization of the housing market, the obtained results suggest a causal relationship. The data set comprises top-tier elementary school information from eWOM, the yearly school attendance zones published by the government, and the Shanghai Existing Property Index, which has a sample of similarly structured apartments. Main results show that prices on average increase 41.9% more in the top-tier school districts under the standardized housing system, and range from 15.5% to 69.7% among …

The Country-Specific Nature Of Apparel Elasticities And Impacts Of The Multi-Fibre Arrangement, Lauren A. Martinez

Economics Honors Projects

Beginning with Krugman and Helpman’s theory of demand for differentiated products, this paper estimates 104 direct price elasticities of demand for apparel in the United States. While the literature has established that apparel elasticities vary by category and across countries, I examine how price elasticities of demand for apparel vary by country, regions, product characteristics, and after the end of the Multi-Fibre Arrangement. Results suggest that the country has the greatest single explanatory power in predicting price elasticities, and additionally, the “race to the bottom” hypothesis in the apparel industry is supported through increasing elasticity of 3.4% from the mean …

The Cupboard Is Full: Public Finances For Public Services In The Global South, Sarah T. Romano, Ronnie Lipschutz

All Faculty Work

No abstract provided.

Revisiting The Economic Impact Of The Natural Gas Activity In The Fayetteville Shale: 2008-2012, Katherine A. Deck, Viktoria Riiman

Publications and Presentations

In 2008, the Center for Business and Economic Research released a study that estimated the economic impact of projected Fayetteville Shale activities from 2008 to 2012. This updated report revisits the assumptions of the initial study, reviews the impact of actual activities in the Fayetteville Shale from 2008 to 2011, and delivers some insights into projected impacts for 2012.

Exploration and production of natural gas in the Fayetteville Shale area generates direct effects from drilling wells and causes the need for supporting activities such as construction, transportation, storage, and distribution. Moreover, investments made by oil and gas companies produce indirect …

What Factors Influence Consumers’ Decisions To Purchase Energy Star Appliances?, Rosamond Mate

Economics Honors Projects

This paper examines how differences in operating costs and market availability affect ownership of Energy Star dishwashers and clothes washers. I use logistic regressions and data from the 2009 Residential Energy Consumption Survey and the EPA’s Energy Star program to quantify these effects. Results indicate that controlling for temporal changes is very important; after doing so I find that differences in availability of efficient appliances do not affect ownership patterns. Overall, the frequency of appliance use does not increase the household’s responsiveness to electricity prices, which suggests that consumers do not fully value efficiency when choosing among appliances.