Economics Commons^™

Evaluation Of Regional Collaborations For Economic Development, Kevin Hollenbeck, Nancy Hewat

Conference Papers

No abstract provided.

A Career Preparation System Accountability System, Kevin Hollenbeck

Reports

No abstract provided.

New Mexico Labor Market Review 02-14-2011, New Mexico Department Of Workforce Solutions

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers December 2010.

Perceptions, Behaviors & The Economic Impact Of Tourism In Curacao, Robertico Croes, Manuel A. Rivera, Kelly Semrad

Dick Pope Sr. Institute Publications

The Curacao Tourist Board commissioned the Dick Pope Sr. Institute for Tourism Studies at the Rosen College of Hospitality Management at the University of Central Florida to conduct an analysis of tourists' perceptions with regard to the Curacao tourism product, the tourist profile, and the spending behavior of tourists frequenting the island. In addition, the CTB requested that the DPI provided recommendations to the CTB regarding the enhancement of the tourist data collection process, the data analysis, and the re-design of the Tourist Exit Survey itself. Of the 3,390 survey respondents assessed according to year (2007 = 1,938; 2008 = …

Economic Impact Of Various Budgetary Policy Options For The State Of Michigan To Resolve Its Budget Deficit For Fy 2004, Timothy J. Bartik, George A. Erickcek

Reports

The State of Michigan is facing a $925 million budget deficit in Fiscal Year 2004 which began in October 2003. This research brief summarizes the findings of an analysis of the potential economic impacts to the state's economy of the following three budgetary policy options: 1. Eliminate the deficit by cutting state spending by $925 million. 2. Raise sufficient revenues to balance the state's budget by increasing the state's personal income tax rate to an estimated 4.7 percent. 3. Delay for one year the scheduled roll back of the state's personal income tax rate from 4.0 percent to 3.9 percent. …

Disconnects & Mismatches, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Popular discourse pertaining to Pakistan`s economic problems usually takes place at a highly superficial level, looking merely at symptoms. It is essential to go beyond generalisations and diagnose the real sources of the malignancy affecting the economy.

Several disconnects and mismatches of various kinds are sapping the economy`s energy and vitality. These need to be fixed as part of a medium-term consensus agenda. First, unlike the past where the rural population lived under miserable conditions, the increase in commodity prices has transferred additional purchasing power worth about Rs450-500bn from the urban economy to the rural. Rural incomes are exempt from …

Drivers Of Globalization, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

Having listened to distinguished luminaries such as Prof Ishwar Dayal there is hardly very much I can add or contribute to the discourse initiated this morning. But as a student of economics I know that I should stick to my comparative advantage. What I therefore propose to do this afternoon is to spell out what I consider are the main Drivers of Globalization. I would then argue that unless we understand those Drivers of Globalization we cannot have a picture of what the firms or business - individually and collectively - are going to look like in the future.

First National Study Of People With Disabilities Who Are Self-Employed, Nancy Arnold Ph.D., University Of Montana Rural Institute

Employment

In the last twelve years, interest has steadily grown in self-employment for people with disabilities. In part, this is due to research showing that people with disabilities report self-employment at a higher rate than the general population, and that 20-25 percent of participants in special “Choices” demonstration projects funded by the Rehabilitation Services Administration were interested in starting businesses. In light of persistently high unemployment rates among people with disabilities, it appears that many have chosen to pursue self-employment. RTC: Rural researchers exploring self-employment as a rural employment option frequently field questions about business owners with disabilities: How many people …

Rhode Island Current Conditions Index — February 2011, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

The Employment Impacts Of Wind Power Development In Maine 2003-2010, Charles S. Colgan

Economic Impact Analysis

The development of wind power in Maine has emerged as a significant economic opportunity in the past several years, providing one of the few growing sectors in the latter half of the last decade. The employment impact of this development has been discussed in regulatory filings before, but has not been examined in detail using post-construction data on actual wind power projects. This report examines the employment impacts of three major wind power projects: Mars Hill in Aroostook County, Stetson Mountain in Washington County, and Kibby Mountain in Franklin County. (Stetson and Kibby were undertaken in two phases.) These projects …

Do The Gses Expand The Supply Of Mortgage Credit? New Evidence Of Crowd Out In The Secondary Mortgage Market, Stuart A. Gabriel, Stuart S. Rosenthal

Economics - All Scholarship

The dramatic government takeover of Fannie Mae and Freddie Mac in September, 2008 was motivated in part by a desire to ensure a continued flow of credit to the mortgage market. This study examines a closely related issue: the extent to which GSE activity crowds out mortgage purchases by private secondary market intermediaries. Evidence of substantial crowd out suggests that government support for the GSEs may be less warranted, whereas the absence of crowd out implies that GSE loan purchases enhance liquidity.

Using 1994-2008 HMDA data for conventional, conforming sized loans, three distinct periods with regard to GSE crowd out …

Socio-Economic Condition Of Child Worker Of Bangladesh In Their Adulthood: An Econometric Analysis, Syed Imran Ali Meerza, Biswajit Bacher

Faculty Publications - Agriculture

This study mainly focuses on the current socio-economic condition of those people who were child labor in their childhood. In this study, economic indicators are income and employment status. On the other hand, level of education, health status and role in case of decision making in the society are studied as social indicators. According to this study, socio-economic condition of child workers in their adulthood is not very satisfactory. This research work have used Linear Probability Model (LPM) and Weighted Least Square (WLS) regression analysis to make comparison of current socio-economic status between people who were child labor in their …

The Structure Of The American Economy, Eric O'N. Fisher, Kathryn G. Marshall

Economics

We explore the relationship between input–output accounts and the national revenue function. The generalized inverse of an economy’s technology matrix carries information relating changes in endowments with changes in outputs; its transpose relates output prices and factor prices. Our primary theoretical contribution is to derive an economy’s revenue function for an arbitrary Leontief technology. Our main empirical contribution is to compute the national revenue function for the American economy in 2003 and to describe its properties. We implement our ideas using two different models: one where all factors are mobile and another with sector-specific capital.

Conditioning The Capital Asset Pricing Model To Incorporate Macro-Economic Based Variables, Maria Casandra Rusti

Whittier Scholars Program

Time variations in expected returns are related to the business cycle. Evidence shows that expected returns are higher in economic recessions, since investors are less willing to hold risky assets, and lower in economic booms. This suggests that time variations in equity premiums should be accounted for by variables related to the business cycle. Being able to model equity premiums helps investors optimize their portfolios. Therefore, we develop a conditioning macroeconomic variable that captures time variation in risk premium across business cycles and we test its predictive power for future market returns. More specifically we look at the following macro-economic …

Large Deviations Of Generalized Method Of Moments And Empirical Likelihood Estimators, Taisuke Otsu

Cowles Foundation Discussion Papers

This paper studies large deviation properties of the generalized method of moments and generalized empirical likelihood estimators for moment restriction models. We consider two cases for the data generating probability measure: the model assumption and local deviations from the model assumption. For both cases, we derive conditions where these estimators have exponentially small error probabilities for point estimation.

Wealth Effects Revisited, 1978-2009, Karl E. Case, John M. Quigley, Robert J. Shiller

Cowles Foundation Discussion Papers

We re-examine the link between changes in housing wealth, financial wealth, and consumer spending. We extend a panel of U.S. states observed quarterly during the seventeen-year period, 1982 through 1999, to the thirty-one year period, 1978 through 2009. Using techniques reported previously, we impute the aggregate value of owner-occupied housing, the value of financial assets, and measures of aggregate consumption for each of the geographic units over time. We estimate regression models in levels, first differences and in error-correction form, relating per capita consumption to per capita income and wealth. We find a statistically significant and rather large effect of …

Moderate Deviations Of Generalized Method Of Moments And Empirical Likelihood Estimators, Taisuke Otsu

Cowles Foundation Discussion Papers

This paper studies moderate deviation behaviors of the generalized method of moments and generalized empirical likelihood estimators for generalized estimating equations, where the number of equations can be larger than the number of unknown parameters. We consider two cases for the data generating probability measure: the model assumption and local contaminations or deviations from the model assumption. For both cases, we characterize the first-order terms of the moderate deviation error probabilities of these estimators. Our moderate deviation analysis complements the existing literature of the local asymptotic analysis and misspecification analysis for estimating equations, and is useful to evaluate power and …

Being Surveyed Can Change Later Behavior And Related Parameter Estimates, Alix Peterson Zwane, Jonathan Zinman, Eric Van Dusen, William Pariente

Dartmouth Scholarship

Does completing a household survey change the later behavior of those surveyed? In three field studies of health and two of microlending, we randomly assigned subjects to be surveyed about health and/or household finances and then measured subsequent use of a related product with data that does not rely on subjects' self-reports. In the three health experiments, we find that being surveyed increases use of water treatment products and take-up of medical insurance. Frequent surveys on reported diarrhea also led to biased estimates of the impact of improved source water quality. In two microlending studies, we do not find an …

Theory Of Moral Sentiments 1759 Vs Theory Of Moral Sentiments 1790: A Change Of Mind Or A Change Of Constraints?, Maria Pia Paganelli

Economics Faculty Research

The 1790 edition of Adam Smith’s Theory of Moral Sentiments presents significant changes from the 1759 edition. In the 1790 edition Smith seems critical of the moral consequences of commerce. By focusing exclusively on the approbation generated by showing of material possession, I propose that the 1790 edition is just an updated edition of the 1759, and does not represent a change of mind Smith had. Writing The Wealth of Nations Smith realizes the constraints in poor pre-commercial societies are diferent from the constraints in rich commercial societies and therefore behaviors and consequences will differ. The apparent contrast between the …

Pennsylvania’S True Commonwealth: The State Of Manufacturing – Challenges And Opportunities (Full Report), Edward W. Hill, John R. Brandt, Iryna Lendel, Faith Noble, Ellen Cyran, Charles Post, Jim Samuel, Fran Stewart

All Maxine Goodman Levin School of Urban Affairs Publications

The Industrial Resource Center Network of Pennsylvania is the state’s affiliate of the National Institute of Standards and Technology’s Hollings Manufacturing Extension Partnership program. Both the IRC program and the MEP have longstanding traditions of self-assessment and evolution as ways of being accountable to the public and of promoting continuous improvement. The IRC program and the MEP are charged with helping manufacturing in general, and small to midsized manufacturers in particular, improve their competitive position. The IRC program uses the outcomes from these assessments to think about the challenges their constituents face due to rapid evolution in the globally competitive …