Economics Commons^™

Fiscal Impact Of Privatization In Developing Countries, Alexander H. Sunderland

CMC Senior Theses

This paper examines the fiscal impact of privatization revenues in 47 developing countries. There are many reasons that privatization is attractive for the central government of developing countries. If substantial, these revenues from the sale of state owned enterprises can present a potential solution to persistent deficits. On the other hand, the privatization revenues could be used to finance an even larger deficit. In this paper, I will discuss previous research on the fiscal impact of privatization revenues, the factors that contribute to persistent fiscal budget deficits and explain how empirical research on the fiscal impact of privatization in the …

Public Dollar Private Owners; Tax Subsidies For New Stadiums In Professional Sports, Grant J. Bunnage

CMC Senior Theses

The growing popularity of North American professional sports over the last twenty years directly coincides with the recent trend of urban communities using tax dollars to publically subsidize professional football, baseball, and basketball stadiums. Communities across North America invest substantial amount of public tax dollars in private facilities in light of a consensus among policy analysts that the economic impact of the new stadium is greatly exaggerated. The economic impact of new stadiums has been extensively researched, the focus  of this paper rather, is to examine the impact publically subsidized facilities built in the last twenty years have on the …

Tie The Knot Or You Tighten The Noose? The Current Effect Of Pre-Marital Cohabitation On Marriage Survival Rates, Matthew D. Beienburg

CMC Senior Theses

Pre-marital cohabitation has become a mainstream practice among couples in the United States, yet initial empirical evidence demonstrated significant correlations between cohabitation and subsequent marital instability. Later studies disputed a causal relation and have attempted to show a weakened connection over time, but have themselves suffered from the use of exclusively older and/or unreliable data. This paper uses figures from the National Longitudinal Survey of Youth (1997-08) and the National Survey of Family Growth (2006-08) to provide an updated analysis of cohabitation’s effect on marriage over the past decade. Using proportional hazard and competing risk models, this paper confirms a …

The Gift That Keeps Giving: Fdi Inflows In China, Joseph Chang

CMC Senior Theses

This paper investigates the primacy of foreign direct investment inflows in liberalizing China’s economy and whether the long-term gains from economic openness will justify its inefficient energy uses and growing regional income disparities. By examining the history of FDI inflows in China, it becomes evident that FDI inflows were an instrumental part in institutional and technological development in China. I extend the argument to take into account how these developed infrastructures react to China’s growing energy demand in light of a shrinking world supply. Lastly, I perform a meta-analysis on the Environmental Kuznets Curve theory and the Pollution Haven Hypothesis, …

The Impact Of Terrorism On Foreign Direct Investment: Which Sectors Are More Vulnerable?, Shivani Agrawal

CMC Senior Theses

The impact of conflict and violence on foreign direct investment (FDI) is not a topic that has been done justice by the literature, and what few studies exist have contradictory results. This paper studies the impact that transnational terrorism has on FDI inflows by economic sector, in developed countries. Results indicate a statistically significant negative correlation between terrorist events and total FDI inflows. Amongst a list of 12 broad industrial sectors, FDI inflows for manufacturing, trade and repair, and construction were found to have a statistically significant negative correlation with terrorist events.

Pengeluaran Sektor Publik, Pertumbuhan Ekonomi Dan Kemiskinan Di Indonesia, Ferry Prasetyia, Farah Wulandari, Ri Setia Hutama

Jurnal Ekonomi dan Pembangunan Indonesia

The aim of this paper was to determine the effect of public sector expenditure to economic growth and poverty in all provinces in Indonesia during period 2006 to 2008. Using Full Information Maximum Likelihood (FIML) approach, the result showed that public sector expenditure on education and health sector had significant effect in boosting economic growth. Inaddition, the output produced by the education and health sector, both of the output had significant effect on economic growth. While, public sector expenditure on infrastructure had insignificant effect. Furthermore, this study showed that public sector expenditure on education and health also had significant effect …

Variation In The Dynamic Response Of Housing Markets, Andrew Pate Hill

Electronic Theses and Dissertations

This study evaluates the existence of asset bubbles in Florida metropolitan statistical areas during 2000–2010. Estimation occurs in two stages with the first being the estimated fundamental price of housing using a fixed effects estimator. Once the fundamental price of housing is determined an error correction model of housing prices is estimated to evaluate the degrees of serial correlation and mean reversion existing in the sampled geographic areas. Serial correlation and mean reversion are then interacted with the hypothesized effects of information costs, supply costs, and expectations of future price behavior to uncover variation in the dynamic response of housing. …

A Nonparametric Bounds Approach For Hedonic Housing Price Indexes With An Application To The Southern California Market 1996 To 2008, Zhizhong Shan

Electronic Theses and Dissertations

I propose a nonparametric bounds approach for hedonic housing price models partially identified due to sample selection of an unknown form. To construct bounds for the identification region, I use a nonparametric hedonic housing price model that allows spatial correlation and propose estimators of extreme conditional quantiles. The estimated bounds are then used to generate price indexes in the form of a time-series of intervals. In contrast to conventional housing price indexes, these interval-valued indexes do not suffer from sample selection bias. The approach is used to construct both metro and zip code level price indexes from a sample of …

Papers Ltv, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2011, January 16). Profit themes (Unpublished manuscript notes) (23-39_Pape... p. 4).
• Shaikh, A. (1988, November 26). Steuart & two sources of profit: History—notes on prod/unprod labor in Marx (Unpublished manuscript notes) (23-39_Pape... p. 5).
• Shaikh, A. (1992). Values and value transfers: A comment on Itoh (Unpublished manuscript) (23-39_Pape... p. 10).
• Obrinsky, M. (1983). Profit theory and capitalism. University of Pennsylvania Press (23-39_Pape... p. 39).
• Shaikh, A. (2008, February 6). Production and nonproduction labor (Unpublished manuscript notes) (23-39_Pape... p. 44).

Currant Theory, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2011). Current theory (Handwritten note by Anwar Shaikh, PhD). New School University Archives.
• Foley, D. (2010, November 27). Re: circuiste theory (Email). New School University Archives.
• Cardim de Carvalho, F. J. (2003). Circuit theory. In J. E. King (Ed.), The Elgar companion to post Keynesian economics (pp. 60–61). Edward Elgar Publishing.
• Realfonzo, R. (2003). Circuit theory. In J. E. King (Ed.), The Elgar companion to post Keynesian economics (pp. 61–64). Edward Elgar Publishing.
• Shaikh, A. (2011, January 19). Circuitist models comments.doc (Manuscript with handwritten notes). New School University Archives.
• Shaikh, A. (2004, March 12). Comments …

General Solution To Difference Equation, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• General solution difference equation, written by Anwar Shaikh, PhD, on April 22, 2011.
• General solution to differences equation, a manuscript file folder label inscribed with the identification code NA-23-63, prepared by Anwar Shaikh, PhD, on June 5, 2026.

Class (Chapter 9), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Chapter 9: classical, neoclassical, austrian and post keynesian views on competition, an unpublished draft book chapter prepared by Anwar Shaikh, PhD, on June 5, 2026.
• Ch 9 (class), a manuscript file folder label inscribed with the identification code NA-23-62, prepared by Anwar Shaikh, PhD, on June 5, 2026.
• Corrections and marginal notation on classical pricing and cost functions, an unpublished set of handwritten manuscript comments prepared by Anwar Shaikh, PhD, on June 5, 2026.

Responding To Foreclosures In Cuyahoga County, 2010 Evaluation Report January 1, 2010 Through December 31, 2010, Kathryn W. Hexter, Molly Schnoke

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Northwest Indiana Entrepreneurial Opportunity Survey Analysis, Ziona Austrian, Merissa Piazza, Eli Auerbach, Sunjoo Park

All Maxine Goodman Levin School of Urban Affairs Publications

This survey report is associated with "Northwest Indiana Regional Analysis: Demographics, Economy, entrepreneurship and Innovation"

Financial Stability Is A Volume Business: A Comment On The Legal Infrastructure Of Ex Post Consumer Debtor Protections, Anna Gelpern

Georgetown Law Faculty Publications and Other Works

Professor Melissa B. Jacoby's essay pays homage to Stewart Macaulay's classic study of the Magnuson-Moss Warranty Act, a U.S. federal consumer protection law that, according to Macaulay, was virtually unknown to the lawyers whose clients needed it the most. The moral of Macaulay's study is that even good consumer protection laws on the books often fail to deliver in action for complex cultural, institutional, and economic reasons. Yet reducing Professor Jacoby's essay to this very important moral undersells its contribution. A fragmented infrastructure for legal service delivery of the sort she describes does not merely fail consumers more often than …

Three Essays On Financial Markets And Monetary Policy, Abeba Siraj Mussa

Dissertations

The global financial crisis triggered by fallout from the sub-prime mortgage market in the U.S. has led economists to focus attention on the role of monetary policy in the crisis. The question of how monetary policy affects the financial sector is the key to the current debate over the role financial stability should play in the monetary policy decisions. As a contribution to this debate, my dissertation examines the link between monetary policy and three main financial sectors - the banking sector, the stock market, and the housing market.

The first essay examines whether the Federal Open Market Committee (FOMC) …

Compustate Crisp Database, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Compustat/CRISP database contact notes by Anwar Shaikh
• Notes on CRISP/Compustat merged database and Wharton Research Data Services (WRDS) by Anwar Shaikh
• Notes on Capital-IQ service and university data subscriptions by Anwar Shaikh

Cost Efficiencies And Rankings Of Flagship Universities, G. Thomas Sav

Economics Faculty Publications

Problem Statement:

Each state in the U.S. touts a premier university as the flagship of its publicly funded higher education system. With decreased government budgets and increased interest in public management reforms, these institutions are being pressured to provide evidence of and set examples for ever greater improvements in operating cost efficiencies. The problem, however, is that empirical measures of their efficiencies or inefficiencies can be sensitive and, therefore, vary widely depending upon the underlying model specification.

Approach:

The study used stochastic frontier analysis to estimate university cost inefficiencies over the 2005-09 academic years. Transom and Cobb-Douglas specifications were combined …

Ape 2008 - Section 4 On Real Competition, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2008, Spring). Economics 205: Advanced political economy II [Syllabus]. The New School.

• Tsoulfidis, L. (2008, September 23). The rise and fall of monopolistic competition revolution. Unpublished manuscript.

• Shaikh, A. (2011, June 1). Project description for the Thomas Guggenheim Prize regarding Turbulent dynamics and hidden patterns: Economic analysis in a global context. Unpublished manuscript.

• Keil, J. (2011, May 26). Empirical evidence on firms [Graphs based on Compustat data]. Unpublished manuscript.

• Shaikh, A. (n.d.). Handwritten notes including the names Yahya Madra, Jonas Wech (?), Sagester (?), and Arjun Jayadev. Unpublished manuscript.

• Peltier, J. (2009, October 8). …

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Knowns, Unknowns, And Impacts, Randall Jackson

Regional Research Institute Working Papers

Jouke van Dijk opened the most recent issue of Papers in Regional Science with “Long lasting knowledge in Regional Science,” an editorial highlighting the role that the Association”s journal has played in documenting much of the key regional science research since its inception. Publications obviously provide a long lasting chronicle of research in regional science, but I had rather hoped to find in his editorial an actual identification and enumeration of examples of specific long lasting knowledge gleaned from the regional science record. My hopes stemmed from having spent the past year contemplating appropriate content for this Presidential Address on …