Economics Commons^™

Determinants Of Foreign Direct Investment In An Emerging Market Economy: Evidence From India, Carlos Resende Jr.

Empirical Economic Bulletin, An Undergraduate Journal

Over the past few years, India has recorded a substantial increase in the level of annual foreign direct investment (FDI) inflows. This paper examines the relationship between foreign direct investment and domestic investment, while using the ordinary least squared technique, and a time series analysis from the period 1979-2008. Building on the prior literature, this paper provides an empirical analysis of domestic determinants of FDI such as size of market, openness to trade, infrastructure, attractiveness to domestic market, and exchange rate instability. In addition, this paper will include technology growth and specific variables to examine local determinates of FDI in …

Energy Consumption, Fdi, Government Effectiveness Economic Growth., Aaron Borges

Empirical Economic Bulletin, An Undergraduate Journal

The availability of energy is essential in initiating and sustaining economic growth. FDI has also been positively linked to economic growth although some argue that economic growth promotes FDI. Studies examining the government effectiveness of nations have suggested FDI is more effective and energy resources are used more effectively when a country has solid governance. While studies have examined these aforementioned macroeconomic issues, there is no empirical study that examines all these variants within the same model. This paper investigates these factors and their effect on economic growth throughout 50 nations for the year of 2005. Economic growth is calculated …

Determinants Of Female Labor Force Participation In United States, Dongni Wan

Empirical Economic Bulletin, An Undergraduate Journal

This paper is trying to discover the determinants of female labor force participation in United States from the year 2000 to 2009. The study contains over 1 million observations through-out the 4 business cycles and the household data from Current Population Survey (CPS) suggested that female labor force participation in the United States was influenced by several factors, namely, educational attainment, family income, marital status, age, race, number of children in the household. Women with higher education level and from wealthier households have a greater tendency of joining the labor force while those with only high school or lower degree …

Earnings And Income Volatility In America: Evidence From Matched Cps, James P. Ziliak, Bradley L. Hardy, Christopher Bollinger

University of Kentucky Center for Poverty Research Discussion Paper Series

In this paper we offer new evidence on earnings and income volatility in the United States over the past four decades by using matched data from the March Current Population Survey. We find that between 1973 and 2008 family income volatility rose by 38 percent, primarily as a result of higher volatility of husbands earnings and non means-tested nonlabor income. Rising family income volatility is in evidence across race, education, and family structure, and after declining sharply while young, it is increasing in the latter part of the life cycle among the skilled. The Federal tax and transfer system dampens …

Tao Of Downfall: The Failures Of High-Profile Entrepreneurs In The Chinese Economic Reform, Wenxian Zhang, Ilan Alon

Faculty Publications

Through historical reviews and case studies, this research seeks to understand why some initially successful entrepreneurs failed in the economic boom of past decades. Among various factors contributed to their downfalls are a unique political and business environment, fragile financial systems, traditional cultural influences and personal characteristics. Notwithstanding that these factors should be further tested through empirical studies, those high-profile entrepreneurs are oblivious but essential actors in the grand theatre of China's economic transformation and their failures have contributed to the swift development of the Chinese entrepreneurship over the last 30 years.

Asset Distribution And Productivity: Best Practices For Developing This Synergistic Relationship, Wendy Lee Willbanks Wiesner

Electronic Theses and Dissertations

Productivity is an essential component of lasting corporate success. It is also a critical ingredient in the recipe for making a vibrant and prosperous community.

Economics recognizes that both capital and labor make contributions to productivity through the functions of investment and production. Enhancements to productivity can be obtained in multiple areas, including technological advancement, corporate expansion, market penetration, and product development. Sustained productivity growth, however, is predicated upon continual process improvement and market innovation.

Identifying precisely "who" and "what" are contributing to productivity is challenging. Because capital and labor interact, it is difficult to determine whether the positive effect …

Does "Free Sampling" Enhance The Value Of Public Goods?, Arthur J. Caplan, Douglas Jackson-Smith, Sandra Marquart-Pyatt

Applied Economics Faculty Publications

This study investigates whether a ‘free sampling’ marketing strategy induces an enduring WTP premium effect for public goods. Using data from a unique field experiment involving curbside recycling, we find that the premium effect associated with providing non-participating households a brief opportunity to participate in a curbside recycling program for free is relatively small and not enduring. It may therefore not be cost effective to offer a free-sampling participation incentive for this type (or similar types) of local public good(s).

A Partial Defense Of The Giant Squid, Sanjiv Jaggia, Satish Thosar

Economics

No abstract provided.

The Influence Of Private School Enrollment On Public School Performance, Michael L. Marlow

Economics

School choice reform refers to changes that allow parents greater freedom to choose schools for their children. School choice reform is contentious because it fundamentally alters the environment in which public and private schools operate and could result in significant changes for both demanders and suppliers of education. This article develops a model of public education with imperfect exit to predict how private school enrollment influences performance of public schools. Empirical evidence from data on all private and public schools in California provides substantial support for the hypothesis that public school test scores are inversely related to private school enrollments …

A Quantile Estimation Approach To Identify Income And Age Variation In The Value Of Statistical Life, Mary F. Evans, Georg Schaur

CMC Faculty Publications and Research

In theory, heterogeneity in individual characteristics translates into variation in the marginal willingness to pay for a mortality risk reduction. Two dimensions of heterogeneity, with respect to income and age, have recently received attention due to their policy relevance. We propose a quantile regression approach to simultaneously explore these two sources of heterogeneity and their interactions within the context of the hedonic wage model, the most common revealed preference approach for obtaining value of statistical life estimates. We illustrate the approach using data from the Health and Retirement Study (HRS). We find that the impact of age on the wage–risk …

Did I Do That? Group Positioning And Asymmetry In Attributional Bias, Brian Gunia, Brice Corgnet

Economics Faculty Articles and Research

A laboratory experiment examined whether one structural feature of groups—members’ physical positioning—may produce asymmetry in their perceived contribution to a task. In particular, we investigated asymmetry in group members’ (often excessive) claims of credit for collective tasks ("the self-serving attributional bias"). Consistent with the availability account of this bias, group members located in the middle of a group, with easy visual access to their partners’ contributions, demonstrated less bias than outside members (who demonstrated bias consistent with prior research)—but no less satisfaction. Further analyses suggested that these results reflected bias reduction among middle members and did stem from visual availability. …

The Role Of Social Protection Programs In Remittance-Centered Development Policy: A Case Study Of Morocco, Helena R. Swanson-Nystrom

International Studies Honors Projects

Remittances serve as a financial lifeline for households in emerging economies around the world, affording basic social services such as food, education, and healthcare. Alternatively, remittances from diaspora populations are an opportunity for countries to finance development projects. The case of Morocco illustrates the central role that remittances can play in the development policy of countries with high labor out-migration. Yet using remittances for long-term development requires public social protection programs to substitute for the redirection of these private funds used by individual households.

The Relationship Between Economic Freedom And Economic Growth: The Transistion Process In Vietnam And China, Hanh T. Vu

Mahurin Honors College Capstone Experience/Thesis Projects

The relationship between economic freedom and economic growth has always been frequently discussed in the economic literature. Economic freedom is often believed to enhance economic growth, which in turn creates more economic freedom. The first part of this paper studies the transition process in China and Vietnam from a planned economy to a free market economy. The transition process, which takes place over the period of more than two decades, allowing more economic freedom, and implementing some elements of a free market, has boosted the growth rate in both China and Vietnam, and increased considerably the standard of living of …

Estimating Willingness To Pay For River Amenities And Safety Measures Associated With Shale Gas Extraction, Thomas C. Kinnaman

Other Faculty Research and Publications

No abstract provided.

Globalization And Economic Growth In Sub-Saharan Africa, Hadiatou Barry

Gettysburg Economic Review

This study analyzes Sub-Saharan Africa through the framework of globalization. The study‘s objective is to determine whether globalization is a significant factor when associated with economic growth in the region. Using panel data from 1995-2005 for 41 countries and the KOF globalization index, an Ordinary Least Squares (OLS) model was employed to examine the relationship between globalization and other traditional factors of economic growth such as trade, foreign direct investment, loans, aid, natural resources, corruption, and rule of law. The study shows that globalization has a positive, though statistically insignificant impact on the economic growth of Sub-Saharan Africa. However, globalization …

Powering America: The Impact Of Ethanol Production In The Corn Belt States, Luisa Blanco, Michelle Isenhouer

School of Public Policy Working Papers

This paper investigates the impact of ethanol production in the Corn Belt states (Iowa, Indiana, Illinois, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Ohio, South Dakota, and Wisconsin). Employing data at the county level, from 2005 and 2006, we investigate the effect of ethanol production on employment and wages. Our empirical results show that ethanol production has a positive significant effect on employment and wages, but this effect is of insignificant magnitude. We also find that counties with high and medium levels of ethanol production capacity show higher levels of employment and wages than those counties that do not produce ethanol. …

Why You Pay What You Pay At The Pump, Jason Orne

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates several factors that strongly influence the day to day consumer price of Gasoline in America. This study incorporates existing information on the most likely variables that should influence gasoline prices from the beginning of 2006 to the very end of 2009. The study looks at contributing factors that include the average price of gasoline from the week before (pennies per gallon), the current weeks average oil price (Dollars per barrel), the previous weeks average oil price (Dollars per barrel), and the US production, and consumption of gasoline (1000 barrels per day). Using macro-level data from the US …

Corporate Social Responsibility In Emerging Markets - The Importance Of The Governance Environment, Marc Fetscherin, Shaomin Li, Ilan Alon, Christoph Lattemann, Kuang Yeh

Faculty Publications

• This study examines how country-level, industry-level, and firm-level factors affect the extent of corporate communication about CSR in Brazil, Russia, India, and China (BRIC). In particular, using the data of 105 largest MNCs from BRIC, we investigate the CSR motives, processes, and stakeholder issues discussed in corporate communications.
• On the country level, we use a newly developed framework of the governance environment which differentiates between rule-based and relation-based governance. Our study reveals that the governance environment of a country is the most important driving force for the communication intensity about CSR.
• Our results show that firms communicating …

Financial Liberalization And Banking Crises: A Cross-Country Analysis, Apanard P. Angkinand, Wanvimol Sawangngoenyuang, Clas Wihlborg

Business Faculty Articles and Research

Several studies indicate that financial liberalization contributes to the likelihood of a financial crisis. We focus on banking crises and argue that they are most likely to occur after an intermediate degree of liberalization. Using a recently updated dataset for financial reforms in 48 countries between 1973 and 2005, we find an inverted U-shaped relationship between liberalization and the likelihood of crisis. We ask whether the relationship remains when institutional characteristics of countries and dynamic effects of liberalization are considered. The empirical results indicate that the relationship between liberalization and banking crises depends strongly on the strength of capital regulation …

Advancing Individual And Societal Development At The Community Level: Role Of Ngo Microcredit And Leadership Training, Denise M. Lucy, Jayati Ghosh, Edward Kujawa

Collected Faculty Scholarship

In many countries throughout the world micro-credit loans are utilized to empower women by seeking to reduce the poverty of families and communities. Originally Non-governmental organizations’ (NGO) microcredit programs focused on funding women’s businesses. In so doing, NGOs encourage and support women’s empowerment leading to community building, as well as to advancing women’s individual gender equity. This descriptive study is based upon interviews of 100 women who participated in microcredit loan programs run by a Bangladeshi NGO, entitled, Nari Uddog Kendra (NUK). The case study examines the participation and impact of NUK’s business development and leadership training programs. The study …