Economics Commons^™

Analyzing The Restricted Phase Of The Graduated Driver's Licensing System: The Effect Of Driving Experience, Christopher Graham

All Theses

Beginning in 1996, states began adopting what is known as the graduated driver's licensing system (GDL) in an attempt to reduce traffic hazards for teenagers. This was a response to previous literature which suggested teens had an elevated risk for motor vehicle hazards, compared to all other age groups. The GDL system is split into three separate stages, in an attempt to ease the teenagers into the driving process. These stages are known as the permit stage, the restricted stage, and the unrestricted stage. While much of the past literature has focused on whether or not the GDL system is …

Book Review: Not Broke, But Badly Bent, Charles F. Angell

Bridgewater Review

Review of:

• Gary Rivlin, Broke, USA: From Pawnshops to Poverty, Inc. - How the Working Poor Became Big Business
• Ellen Ruppel Shell, Cheap: The High Cost of Discount Culture
• Barbara Ehrenreich, Bright-Sided: How the Relentless Promotion of Positive Thinking Has Undermined America

A Contractual Approach To Shareholder Oppression Law, Benjamin Means

Faculty Publications

According to standard law and economics, minority shareholders in closely held corporations must bargain against opportunism by controlling shareholders before investing. Put simply, you made your bed, now you must lie in it. Yet most courts offer a remedy for shareholder oppression, often premised on the notion that controlling shareholders owe fiduciary duties to the minority or must honor the minority's reasonable expectations. Thus, law and economics, the dominant mode of corporate law scholarship, appears irreconcilably opposed to minority shareholder protection, a defining feature of the existing law of close corporations.

This Article contends that a more nuanced theory of …

Comparisons Of Carbon Pools And Economic Profitability For Managed Ponderosa Pine Stands In Wyoming, Usa, A. Chatterjee, Sian Mooney, G. F. Vance

Economics Faculty Publications and Presentations

A forest carbon (C) sequestration project was conducted to evaluate the economic incentives that would be required by landowners to engage in C trading under different management regimes. Costs associated with joint management for C sequestration and timber would be valuable for establishing sound forest C trading systems. In this study, we calculated the C yield and amortized value of three Wyoming, ponderosa pine stands. The management practices examined were, unmanaged, even-aged (regene-ration after clear-cut) and uneven-aged (selectively harvested). Costs and revenues associated with three stands were converted into 2006 real dollars using the all commodity producer price index to …

Socioeconomic Determinants Of Infant Mortality Rate Disparities, Alex Krasikov

All Theses

This study examines variation in infant mortality rate (IMR) between black and white populations. Data were drawn from CDC Birth Cohort Linked Birth Infant Data for 2004. Author examined numerous socioeconomic factors that could explain the gap in IMR between two races. Each potential factor was examined separately before introducing into a complete model. The proposed model explains about 11 percentage points in difference between groups, and showed factors that can be affected by change in public policy, play statistically significant role in IMR disparity. We can look at the IMR as a socioeconomic indicator that highlights both negative and …

The Political Economy Of Currency Re-Denomination By Countries., Peter Nwaoba

Bullion

In the view of the Bank, redenomination policy for Nigeria was not to translate to revaluation, as market forces were to continue to determine the prices, including interest rates and exchange rates, with the expectation that inflation will be low while exchange rate will appreciate. The objective of this paper is to articulate the reasons and conditions under which countries embark on currency redenomination exercises, and how successful these exercises had been over the years. The paper is descriptive with presentation based on literature reviews. Under the redenomination programme, banknotes were to be issued in denominations of new 50k (old …

The Performance Of Nigerian Stock Exchange Sectoral Indices: January 2009 December 2010, Alvan E. Ikoku, George Okorie

Bullion

The paper reviews the performance of the sectoral indices during the first twenty-four months of their existence, i.e., between their inception in January 2009 and December 2010. The authors seek to examine not only the raw performance of the indices but also their risk-adjusted performance. The results of the analysis will facilitate the allocation of capital by institutional as well as individual investors in the Nigerian equity market. The rest of the paper is organized as follows. Section 2 discusses the transformation of the indices and their correlation. In section 3, we examine the nominal performance of the sectoral indices …

Factors That Influence The Adoption Of Agricultural Conservation Programs In Northwest Arkansas, Edison Anthony Froelich

Graduate Theses and Dissertations

A survey was developed and administered to agricultural producers in Northwest Arkansas in order to better understand producer awareness of, application for and participation in six federal and state conservation programs available in Arkansas: the Environmental Quality Incentives Program, the Conservation Reserve Enhancement Program, the Arkansas Revolving Loan Program, the Arkansas Nonpoint Pollution Management Program , the Arkansas Soil Nutrient and Poultry Litter Application and Management Program, and the Surplus Poultry Litter Removal Incentives Cost Share Program. Survey results found that less than half of the sample was aware of any one of the programs. A logit model was developed …

Productivity, Discrimination, And Lost Profits During Baseball's Integration, Jonathan Lanning

Economics Faculty Research and Scholarship

This article uses data from Major League Baseball's integration to identify the sources and magnitude of labor market discrimination. Returns to hiring black workers in this industry were high, and the industry's labor supply was uniquely suited for rapid integration, yet integration evolved slowly. Many explanations for this sluggishness are considered, including both taste-based and statistical discrimination. Ultimately, only owner and collective coworker discrimination can explain baseball's slow pace of integration. The estimated levels of discrimination are high, showing the median team sacrificed profits of nearly $2.2 million in 1950 dollars (over $19 million 2010 dollars) by delaying integration.

Economic Writing On The Pressing Problems Of The Day: The Roles Of Moral Intuition And Methodological Confusion, Julie A. Nelson

Economics Faculty Publication Series

Economists are often called on to help address pressing problems of the day, yet many economists are uncomfortable about disclosing the values that they bring to this work. This essay explores how an inadequate understanding of the role of methodology, as related to ethics and human emotions of concern, underlies this reluctance and compromises the quality of economic advice. The tension between caring about the problems, on the one hand, and writing within the existing culture of the discipline, on the other, are illustrated with examples from U.S. policymaking, behavioral economics, and the economics of climate change and global poverty. …

Economic Size And The Changing International Political Economy Of Trade: The Development Of Western Hemispheric Ftas, Gaspare Genna

Departmental Papers (PS)

Why are some free trade agreements (FTAs) in the western hemisphere successfully negotiated and implemented while others seem to stagnate during negotiations? FTAs are more likely to develop when there is an asymmetrical power relationship and potential partners are satisfied with projected trade patterns. The European Union (EU) and United States have been successful in negotiating agreements with the Caribbean and Central American (CCA) countries. However, current bilateral and multilateral trade talks between the EU, the Common Market of the South (MERCOSUR), and United States are at a standstill. Although all four sets of trade negotiations include dissatisfactory conditions for …

Impact Of Banking Sector Reforms On The Nigerian Capital Market (Equities)., Peter A. Adekunle

Bullion

Following the outcome of the Special Joint Examination by the Central Bank of Nigeria (CBN) and Nigeria Deposit Insurance Corporation (NDIC), ten banks were indicted, out of which two were asked to recapitalize, while the Chief Executive Officers (CEOs) and Directors of the remaining eight were removed by CBN based on mismanagement and poor corporate governance. In order to protect the investors as well as prevent unprecedented dumping of the shares of the listed seven banks, two weeks of full suspension was imposed on trading of their shares on the stock market at various times. This paper attempts to determine …

The Role Of Economic Community Of West African States (Ecowas) In Promoting Borderless Trade In West Africa., Adam J. Akperan, Sanni Ganiyu Kayode

Bullion

The Economic Community of West African States (ECOWAS) is a regional group of fifteen countries, founded in 1975. Its mission is to promote economic integration in "all fields of economic activities, particularly industry, transport, telecommunications, energy, agriculture, natural resources, commerce, monetary and financial questions, social and cultural matters". This paper examines the role of CBN economy and monetary policies on the heels of borderless trade amongst the ECOWAS State. ECOWAS aims to promote peace, co-operation and integration in economic, social and cultural activity, ultimately leading to the establishment of an economic and monetary union through the total integration of the …

Analysis Of Revenue Generation As A Tool For Socio-Economic And Infrastructural Development In Nigeria, Obiechina M.E.

Bullion

The paper analyses the federal government revenue vis-àvis the provision of socio-economic Volume 34, No. 4 October - December 2010 and infrastructural development in Nigeria from 1970 2008, the centerpiece, which is improved productivity and standard of living. To this end, the paper is divided into five sections. Following this introductory section, section two explains the concept of government revenue and infrastructural development as well as theoretical and empirical literature. In section three, we examine the sources and structure of government revenue. Section four focuses on the trend in government revenue and expenditure and the state of some infrastructure in …

Oil And Gas Management In Nigeria: Lessons For Ghana, Omolara O. Akanji Mrs.

Bullion

This paper is to discuss the oil and gas management in Nigeria: Lessons for Ghana. The paper is structured into five parts with part 1 being the introduction while part 2 scoops the literature on the economics of natural resources and its management globally. Part 3 will situate the Nigeria's multifaceted crisis of oil and gas governance and all related issues. Part 4 will sieve out the lessons for Ghana while part 5 summarizes and concludes the paper.

Petroleum Industry Linkages And Nigeria's Economic Development, Chinyere U. Nwolisa, Chinyelu N. Ugoji

Bullion

Nigeria, Africa's most populous country and potentially its largest economy, has witnessed decades of dictatorship and misrule. Accompanying this misrule are severe economic problems of an unprecedented magnitude. This paper intends to add further clues to the solution for this national developmental puzzle. The remaining part of the paper is arranged thus: Part 2 presents an overview of the Nigerian Petroleum industry while the part 3 looks at the literature of economic development the country appears to be executing. Parl4 discusses the various linkages the Petroleum industry offers visa-vis Nigeria's exploration of their potentials. The penultimate part will offer some …

The Write Moves: An Autoethnographic Examination Of The Media Industry, Danielle Gomes

UNLV Theses, Dissertations, Professional Papers, and Capstones

This thesis examines the current media environment through the use of adaptation theory, political economy theory, and media ecology theory. More specifically, this thesis is an autoethnography of this author‟s attempts to release content into the mass-media.

This thesis expects to find that in the current conglomerate controlled media environment content that has multi-media potential is preferred. Vertical integration is the standard in these massive media corporations. Consequently, the adaptation of content into multiple media is no longer an afterthought to creation, it is forethought.

A Study On The Productivity And Efficiency Effects Of Enterprise Reforms In China, Song Gao

Dissertations

This dissertation studies the progress and impacts of State-Owned Enterprises (SOEs) reforms in China. The primary interests center on impacts of non-ownershipchange reforms and privatization on Chinese SOEs’ productivity and efficiency. The research comprises of three major sections.

Section one briefly reviews the history of SOEs’ reform in China and examines the changes in some selected performance indicators with help of a comprehensive dataset on 863 Chinese firms from 1995 to 2001. In addition, causes of Chinese SOEs’ privatization and determinants of firms’ inefficiency are also studied.

Section two examines the effects of privatization and non-ownership-change reforms on firms’ productivity …

The Allocation Of Time And Goods: Three Essays On American Household Shopping Behavior, Jing Cai

Dissertations

Consumers’ shopping behavior connects market goods expenditure with the out of- market time allocation in their daily time use. This study is composed of three essays. In the first essay, data are collected from the American Time Use Survey and it is found that an individual’s time devoted to shopping is positively determined by opportunity cost of time. Grocery shopping and other shopping, as two distinct types of shopping, react differently to a series of individual and household characteristics as well as by seasons. The corresponding marginal effects also differentiate between shopping time, leisure time, and home production time. In …

A National Report On The Use Of Telecommunications To Deliver Vr Services, Catherine Ipsen, University Of Montana Rural Institute

Employment

It can be difficult for VR counselors to provide face-to-face services to rural clients. Large caseloads reduce counselors’ available travel time to travel to outlying rural communities, and rising fuel costs make such trips expensive (Metzel & Giordano, 2007; Riemer-Reiss, 2000). Telecommunications can increase counselor-client accessibility and provide flexibility to supplement face-to-face services. Telecommunications refers to a variety of information technology (IT) that allows people in different locations to engage with one another, while reducing boundaries of time, distance, and location. Access to telecommunication services, however, may be limited. For instance, people living in rural areas may lack access to …