Judicial Reforms And Economic Growth,
2012
Institute of Business Administration, Karachi, Pakistan
Judicial Reforms And Economic Growth, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
Growth rates in Pakistan since 2008 have declined to almost half of the level achieved in the preceding four years. The investment ratio in 2010-11 has been the lowest in the history of Pakistan. Most of the discussion on the stagnation and decline of the economy has rightly focused on fiscal deficits, energy shortages, inflation, and high interest rates. But the relationship between the rule of law and investment and business development is not much talked about in popular discourse. In the absence of a conducive legal environment, uncertainties created by other factors such as political instability, security, law and …
Economic Impact Of Pace University New York City,
2012
Pace University - New York
Economic Impact Of Pace University New York City, Rebecca Tekula Phd, Anna-Kay Sinclair Mpa
Wilson Center for Social Entrepreneurship
No abstract provided.
Shanghai As An International Financial Center - Aspiration, Reality And Implication,
2012
Gettysburg College
Shanghai As An International Financial Center - Aspiration, Reality And Implication, Raph Luo
Undergraduate Economic Review
China’s rapid economic development, especially in the financial sector, has ignited the discussion of the re-emergence of Shanghai as a leading international financial center (IFC). Much still remains to be done for Shanghai to catch up with established centers such as New York and London, including deepening its capital markets and opening itself up to cross-border capital flows. While Shanghai’s current financial development has been made possible largely by China’s past economic conditions and policies, recent reforms are also likely to guarantee Shanghai the position as a world-class onshore IFC in the near future. The rise of Shanghai will likely …
Infidelity, Jealousy, And Wife Abuse Among Tsimane Forager-Farmers: Testing Evolutionary Hypotheses Of Marital Conflict,
2012
University of New Mexico
Infidelity, Jealousy, And Wife Abuse Among Tsimane Forager-Farmers: Testing Evolutionary Hypotheses Of Marital Conflict, Jonathan Stieglitz, Michael Gurven, Hillard Kaplan, Jeffrey Winking
ESI Publications
What causes marital conflict, and which marital conflicts are more likely to result in men’s violence against their wives? It has long been argued that men’s jealousy over women’s infidelity is the strongest impetus to men’s lethal and non-lethal violence against female partners. Less is known about the extent to which women’s jealousy over men’s infidelity precipitates men’s violence against female partners. Husbands are more likely than wives to commit infidelity, and men and women report a similar frequency and intensity of jealous emotions during recalls of potential infidelity. If men are likely to use time and resources for pursuit …
‘They Won't Work!’ - Efficacy Of An Active Labor Market Policy From The Perspective Of Psychology,
2012
University of Koblenz Landau
‘They Won't Work!’ - Efficacy Of An Active Labor Market Policy From The Perspective Of Psychology, Marco Meissner
Claremont-UC Undergraduate Research Conference on the European Union
No abstract provided.
Local Economic Benefits Of Early Childhood Programs: Investing In Kids,
2012
W.E. Upjohn Institute for Employment Research
Local Economic Benefits Of Early Childhood Programs: Investing In Kids, Timothy J. Bartik
Presentations
No abstract provided.
Returns From Self-Employment: Using Human Capital Theory To Compare U.S. Natives And Immigrants,
2012
Illinois Wesleyan University
Returns From Self-Employment: Using Human Capital Theory To Compare U.S. Natives And Immigrants, Nikola Popovic
Undergraduate Economic Review
The focus of this paper is to examine the economic returns from self-employment when comparing natives and immigrants. I hypothesize that returns from self-employment will increase with age and education, and that immigrants from China, India, and the Philippines will have higher returns while immigrants from Mexico will have lower returns than natives. I also hypothesize that immigrants with high levels of education will earn more than natives with the same amount of education. The OLS regressions show that human capital variables explain the differences in self-employed income between natives and immigrants, as the literature suggests.
Where Are The Jobs? Employment Stagnation After The Great Recession,
2012
Brookings Institute
Where Are The Jobs? Employment Stagnation After The Great Recession, Gary Burtless
Brookings Scholar Lecture Series
The Great Recession of 2008-2009 was the worst economic downturn since the Great Depression. Unlike most other recessions in the post-war era, however, the recovery has brought back only a small fraction of the almost 9 million jobs lost in the downturn. Gary Burtless will explain the puzzling absence of an employment rebound in his talk. Why has the rebound been so slow? What can we do to speed it up?
Universities Should Continue To Bargain,
2012
University of Alaska
Universities Should Continue To Bargain, Daniel J. Julius
Journal of Collective Bargaining in the Academy
College and university leaders should to continue to honor collectively negotiated agreements maintaining relationships with faculty unions, rather than avail themselves of tempting opportunities to redraw the labor and human resources map. To understand why requires some background on the academic union movement, the impact of unions on university management, and the potential advantages of collective bargaining.
Markowitz 2.0: Innovations For Asset Allocation,
2012
Singapore Management University
Markowitz 2.0: Innovations For Asset Allocation, Singapore Management University
Perspectives@SMU
The economic wreckage from the 2008 global financial crisis dealt a blow to the theoretical foundations of finance and economic. Many of these theories, such as Markowitz’s Modern Portfolio Theory (MPT), were considered received wisdom and taught in practically all business schools. But now they appeared inadequate to the task of handling the “fat-tails” and “black swans” of extreme market events. These crashes were also occurring far more often than predicted by these theories.
Rhode Island Current Conditions Index — March 2012,
2012
University of Rhode Island
Rhode Island Current Conditions Index — March 2012, Leonard Lardaro
The Rhode Island Current Conditions Index
No abstract provided.
A Critique Of The Neoclassical And A Revision Of The Keynesian Theories Of Employment,
2012
University of Denver
A Critique Of The Neoclassical And A Revision Of The Keynesian Theories Of Employment, Yang Liu
Electronic Theses and Dissertations
The neoclassical theory of employment fails to apply to modern capitalism since it claims that unemployment is necessary all voluntary. Its problems are pointed out by Keynes. But, if we look at Keynes’s system, we find that an essential explanation about why modern capitalism suffers from weak demand is not provided. To answer this question an alternative consumption theory is needed. Levine’s consumption theory well explains the condition of under-consumption. Furthermore, a deep problem of capitalism reveals itself: the production format and the distribution pattern of capitalism result in a huge income discrepancy between the working-class and the capitalist-class and …
Why Was The Arab World Poised For Revolution? Schooling, Economic Opportunities, And The Arab Spring,
2012
Harvard University
Why Was The Arab World Poised For Revolution? Schooling, Economic Opportunities, And The Arab Spring, Filipe R. Campante, Davin Chor
Research Collection School Of Economics
What underlying long-term conditions set the stage for the Arab Spring? In recent decades, the Arab region has been characterized by an expansion in schooling coupled with weak labor market conditions. This pattern is especially pronounced in those countries that saw significant upheaval during the first year of the Arab Spring uprisings. We argue that the lack of adequate economic opportunities for an increasingly educated populace can help us understand episodes of regime instability such as the Arab Spring.
Risk And The Technology Content Of Fdi: A Dynamic Model,
2012
Singapore Management University
Risk And The Technology Content Of Fdi: A Dynamic Model, Pao Li Chang, Chia-Hui Lu
Research Collection School Of Economics
This paper incorporates risk into the FDI decisions of firms. The risk of FDI failure increases with the gap between the South's technology frontier and the technology complexity of a firm's product. This leads to a double-crossing sorting pattern of FDI—firms of intermediate technology levels are more likely than others to undertake FDI. It is with the attempt to relax the upper bound of the technology content of FDI, we argue, that many FDI policies are created. The theory's predictions are consistent with the empirical patterns of FDI in China by US and Taiwanese manufacturing firms.
Analysis And Economic Impact Of The Film Industry In Northeast Ohio & Ohio,
2012
Cleveland State University
Analysis And Economic Impact Of The Film Industry In Northeast Ohio & Ohio, Candice Clouse
All Maxine Goodman Levin School of Urban Affairs Publications
No abstract provided.
(Wp 2012-01) Samuels On Methodological Pluralism In Economics,
2012
Marquette University
(Wp 2012-01) Samuels On Methodological Pluralism In Economics, John B. Davis
Economics Working Papers
Warren Samuels was an influential proponent of methodological pluralism in economics. This short paper discusses his understanding of methodological pluralism, and argues that it is based on three distinct components: (1) his critique of the idea that theories have epistemic foundations and his 'matrix approach to meaningfulness,' (2) his belief that the absence of meta-principles for science combined with our human psychology create an existential dilemma for theorists and policy-makers, and (3) his understanding of relativism, social constructivism, and 'limited but affirmative' defense of nihilism against the charge of skepticism. The paper closes with a brief discussion of what Samuels' …
Kantian Optimization, Social Ethos, And Pareto Efficiency,
2012
Yale University
Kantian Optimization, Social Ethos, And Pareto Efficiency, John E. Roemer
Cowles Foundation Discussion Papers
Although evidence accrues in biology, anthropology and experimental economics that homo sapiens is a cooperative species, the reigning assumption in economic theory is that individuals optimize in an autarkic manner (as in Nash and Walrasian equilibrium). I here postulate an interdependent kind of optimizing behavior, called Kantian. It is shown that in simple economic models, when there are negative externalities (such as congestion effects from use of a commonly owned resource) or positive externalities (such as a social ethos reflected in individuals’ preferences), Kantian equilibria dominate Nash-Walras equilibria in terms of efficiency. While economists schooled in Nash equilibrium may view …
Does Reducing Spatial Differentiation Increase Product Differentiation? Effects Of Zoning On Retail Entry And Format Variety,
2012
Yale University
Does Reducing Spatial Differentiation Increase Product Differentiation? Effects Of Zoning On Retail Entry And Format Variety, Sumon Datta, K. Sudhir
Cowles Foundation Discussion Papers
This paper investigates the impact of spatial zoning restrictions on retail market outcomes. We estimate a structural model of entry, location and format choice across a large number of markets in the presence of zoning restrictions. The paper contributes to the literature in three ways: First, the paper demonstrates that the omission of zoning restrictions in the extant literature on entry and location choice leads to biased estimates of the factors affecting market potential and competitive intensity. Second, the cross-market variations in zoning regulations helps us test and provide evidence for the theory that constraints on spatial differentiation will lead …
Getting At Systemic Risk Via An Agent-Based Model Of The Housing Market,
2012
Yale University
Getting At Systemic Risk Via An Agent-Based Model Of The Housing Market, John Geanakoplos, Robert Axtell, J. Doyne Farmer, Peter Howitt, Benjamin Conlee, Jonathan Goldstein, Matthew Hendrey
Cowles Foundation Discussion Papers
Systemic risk must include the housing market, though economists have not generally focused on it. We begin construction of an agent-based model of the housing market with individual data from Washington, DC. Twenty years of success with agent-based models of mortgage prepayments give us hope that such a model could be useful. Preliminary analysis suggests that the housing boom and bust of 1997-2007 was due in large part to changes in leverage rather than interest rates.
Bounded Rationality And Limited Datasets: Testable Implications, Identification, And Out-Of-Sample Prediction,
2012
Yale University
Bounded Rationality And Limited Datasets: Testable Implications, Identification, And Out-Of-Sample Prediction, Geoffroy De Clippel, Kareen Rozen
Cowles Foundation Discussion Papers
Theories of bounded rationality are typically characterized over an exhaustive data set. How does one tell whether observed choices are consistent with a theory if the data is incomplete? How can out-of-sample predictions be made? What can be identified about preferences? This paper aims to operationalize some leading bounded rationality theories when the available data is limited, as is the case in most practical settings. We also point out that the recent bounded rationality literature has overlooked a methodological pitfall that can lead to ‘false positives’ and ‘empty’ out-of-sample predictions when testing choice theories with limited data.
