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Full-Text Articles in International Economics

Long-Run Impacts Of Trade Shocks And Export Competitiveness: Evidence From The U.S. Bse Event, Chen-Ti Chen, John M. Crespi, William Hahn, Lee L. Schulz, Fawzi Taha Oct 2019

Long-Run Impacts Of Trade Shocks And Export Competitiveness: Evidence From The U.S. Bse Event, Chen-Ti Chen, John M. Crespi, William Hahn, Lee L. Schulz, Fawzi Taha

John Crespi

This paper examines how comparative advantages of major beef exporters changed following the 2003 bovine spongiform encephalopathy outbreak (BSE), which significantly disrupted the U.S. beef trade until approximately April 2007. Using longitudinal data on beef export values and constructed revealed comparative advantage measures, we show that while some measure of the long-run impacts of BSE on U.S. beef export competitiveness have returned to pre-2003 levels, the U.S.’s comparative advantage has not. We also examine a hypothetical scenario of no BSE event in 2003 and predict what exporters’ competitiveness would have looked like. The authors discuss the ...


Long-Run Impacts Of Trade Shocks And Export Competitiveness: Evidence From The U.S. Bse Event, Chen-Ti Chen, John M. Crespi, William Hahn, Lee L. Schulz, Fawzi Taha Oct 2019

Long-Run Impacts Of Trade Shocks And Export Competitiveness: Evidence From The U.S. Bse Event, Chen-Ti Chen, John M. Crespi, William Hahn, Lee L. Schulz, Fawzi Taha

Lee Schulz

This paper examines how comparative advantages of major beef exporters changed following the 2003 bovine spongiform encephalopathy outbreak (BSE), which significantly disrupted the U.S. beef trade until approximately April 2007. Using longitudinal data on beef export values and constructed revealed comparative advantage measures, we show that while some measure of the long-run impacts of BSE on U.S. beef export competitiveness have returned to pre-2003 levels, the U.S.’s comparative advantage has not. We also examine a hypothetical scenario of no BSE event in 2003 and predict what exporters’ competitiveness would have looked like. The authors discuss the ...


Long-Run Impacts Of Trade Shocks And Export Competitiveness: Evidence From The U.S. Bse Event, Chen-Ti Chen, John M. Crespi, William Hahn, Lee L. Schulz, Fawzi Taha Sep 2019

Long-Run Impacts Of Trade Shocks And Export Competitiveness: Evidence From The U.S. Bse Event, Chen-Ti Chen, John M. Crespi, William Hahn, Lee L. Schulz, Fawzi Taha

CARD Working Papers

This paper examines how comparative advantages of major beef exporters changed following the 2003 bovine spongiform encephalopathy outbreak (BSE), which significantly disrupted the U.S. beef trade until approximately April 2007. Using longitudinal data on beef export values and constructed revealed comparative advantage measures, we show that while some measure of the long-run impacts of BSE on U.S. beef export competitiveness have returned to pre-2003 levels, the U.S.’s comparative advantage has not. We also examine a hypothetical scenario of no BSE event in 2003 and predict what exporters’ competitiveness would have looked like. The authors discuss the ...


Impact Of Climate Change On Wildfire Across China, Based On Plot-Level Data From National Forest Inventory - June 2019, Shilei Liu, Jintao Xu Jun 2019

Impact Of Climate Change On Wildfire Across China, Based On Plot-Level Data From National Forest Inventory - June 2019, Shilei Liu, Jintao Xu

Forest Collaborative Research

Presentation focus on the impact of climate change on wildfires across China.


1st Place Contest Entry: Countering The Current: The Function Of Cinematic Waves In Communist Vs. Capitalist Societies, Maddie Gwinn Apr 2019

1st Place Contest Entry: Countering The Current: The Function Of Cinematic Waves In Communist Vs. Capitalist Societies, Maddie Gwinn

Kevin and Tam Ross Undergraduate Research Prize

This is Maddie Gwinn's submission for the 2019 Kevin and Tam Ross Undergraduate Research Prize, which won first place. It contains her essay on using library resources, a three-page sample of her research project on how the Czech New Wave and New Hollywood cinema are defined by their agency in preserving and prescribing cultural meaning across their societies while being bound to their economic systems, and her works cited list.

Maddie is a senior at Chapman University, majoring in Film Production. Her faculty mentor is Dr. Carmichael Peters.


Celtic Tiger Ireland As A Case Study In The Practical Application Of Neoliberal Economic Policy, Natalie Sneed Mar 2019

Celtic Tiger Ireland As A Case Study In The Practical Application Of Neoliberal Economic Policy, Natalie Sneed

Honors Theses, University of Nebraska-Lincoln

The Celtic Tiger economic boom, which occurred in Ireland from approximately 1987 to 2009 has generally been considered one of the most remarkable economic turnarounds in any country in the modern era. My purpose in this project was to identify the primary causes and effects of such rapid and dramatic economic growth and development to determine whether it is sensible for other countries emerging from colonial rule to seek to emulate the Irish economic model. Through a review of the economic literature on the Irish economy in the last three decades, I identify Ireland’s implementation of a neoliberal economic ...


Accounting For The International Quantity-Quality Trade-Off, Juan Carlos Cordoba, Xiying Liu, Marla Ripoll Jan 2019

Accounting For The International Quantity-Quality Trade-Off, Juan Carlos Cordoba, Xiying Liu, Marla Ripoll

Economics Working Papers

We investigate what accounts for the observed international differences in schooling and fertil- ity, and draw lessons for the underlying sources of cross-country income differences. For this purpose, we extend a life-cycle dynastic model to include features relevant for schooling and fertility choices. Our approach allows for country-specific human capital technologies in addi- tion to differences in TFP, public education policies, and demographic factors. We find that differences in human capital production functions, specifically in the degree of complementarity of educational investments, are key to match schooling data, and result in novel estimates of human capital stocks and TFP levels ...


Through The Eyes Of Locals: A Changing Climate In Bolivia, Jacob D. Rex Jan 2019

Through The Eyes Of Locals: A Changing Climate In Bolivia, Jacob D. Rex

Undergraduate Theses and Professional Papers

Deforestation and Agricultural Land-Use Change in Bolivia as a Function of Socio-Economic Realities.

This research combines semi-structured interviews of key informants and local participants, as well as field observations, which were conducted between January and April of 2019 in the Departments of Santa Cruz & Chuquisaca.


Mass Atrocities And Their Prevention, Charles H. Anderton, Jurgen Brauer Jan 2019

Mass Atrocities And Their Prevention, Charles H. Anderton, Jurgen Brauer

Economics Department Working Papers

Counting conservatively, and ignoring physical injuries and mental trauma, data show about 100 million mass atrocity-related deaths since 1900. Occurring in war and in peacetime, and of enormous scale, severity, and brutality, they are geographically widespread, occur with surprising frequency, and can be long-lasting in their adverse effects on economic and human development, wellbeing, and wealth. As such, they are a major economic concern. This article synthesizes very diverse and widely dispersed theoretical and empirical literatures, addressing two gaps: a “mass atrocities gap” in the economics literature and an “economics gap” in mass atrocities scholarship. Our goals are, first, for ...


The Gettysburg Economic Review, Volume 11, Spring 2019 Jan 2019

The Gettysburg Economic Review, Volume 11, Spring 2019

Gettysburg Economic Review

No abstract provided.


Free Trade And Corporate Social Responsibility: Ethical Dilemmas In Global Economic Development, Sarah Papion Dec 2018

Free Trade And Corporate Social Responsibility: Ethical Dilemmas In Global Economic Development, Sarah Papion

Capstone Projects and Master's Theses

Through the lens of the free-trade-optimist, it is black and white: corporations bring jobs, and jobs equal a happy and healthy economy. A major oversight in this neoliberal Utopian ideology is that corporations are not in the business of building communities, nor do they have an interest in keeping their operations stationary enough to allow economic growth to occur over a span of years. Corporations abandon communities as quickly as they arrive to find their next cheap labor hub. Quite contradictory to the original purpose of free trade, economic growth in Free Trade Zones is not long term or secure ...


How To Create Conducive Institutions To Enable Agricultural Mechanization: A Comparative Historical Study From The United States And Germany, Thomas Daum, Wallace E. Huffman, Regina Birner Jun 2018

How To Create Conducive Institutions To Enable Agricultural Mechanization: A Comparative Historical Study From The United States And Germany, Thomas Daum, Wallace E. Huffman, Regina Birner

Economics Working Papers

Agricultural mechanization is now high on the policy agenda of many developing countries. History has shown that successful mechanization depends on an enabling environment providing various supporting functions, for example, knowledge and skills development and quality assurance. This paper analyses how this enabling environment was created during the mechanization history of two today’s mechanized countries, the United States and Germany, thereby distilling lessons for today’s mechanizing countries. The paper highlights the different roles played by government agencies (public sector), manufacturers of agricultural machinery (private sector) and farmers’ organizations (third sector) for the creation of this enabling environment. The ...


The Economic Impacts Of A U.S. Withdrawal From Nafta: A Cge Analysis, Jonathan Liu May 2018

The Economic Impacts Of A U.S. Withdrawal From Nafta: A Cge Analysis, Jonathan Liu

Undergraduate Economic Review

The aim of this study is to examine the economic impacts of a U.S. withdrawal from the North American Free Trade Agreement (NAFTA) on Canada, Mexico and the United States. The shocks simulate scenarios in which the U.S instates penalizing tariff rates on NAFTA countries, a trade war between NAFTA members and a tariff reset to the WTO MFN rates. The effects of these tariff structures are analyzed under the framework of a computable general equilibrium (CGE) model with a focus on macroeconomic variables and welfare. The findings show that, in all iterations, Mexico’s economy takes a ...


Planning To Fail: The Eurozone, Its Sovereign Debt Crisis, And The Future Of The Union, Kyle Whitworth Apr 2018

Planning To Fail: The Eurozone, Its Sovereign Debt Crisis, And The Future Of The Union, Kyle Whitworth

Theses

The European Union has been one of the greatest accomplishments of modern history. Through economic and political integration has ended centuries of warfare on the continent while producing the worlds largest trading bloc. Despite the initial success of the monetary union and its single currency, the Union has been bogged down economic troubles in the form of a debt crisis among several of the member states. The recovery period of the crisis has produced growth that is slow and uneven. Countries such as Germany has assumed the role of the economic powerhouse of Europe and therefore a political leader in ...


Why Are Nontraded Goods Cheaper In Poor Countries?, Yoonho Choi, Hailong Jin, E. Kwan Choi Mar 2018

Why Are Nontraded Goods Cheaper In Poor Countries?, Yoonho Choi, Hailong Jin, E. Kwan Choi

Economics Publications

Balassa and Samuelson argued that production technologies differ among countries, and the price of the nontraded good is higher in countries with higher labor productivity. This paper shows that the Balassa-Samuelson effect exists even when countries share identical production technologies. In the celebrated Heckscher-Ohlin model, changes in factor endowments do not affect the equalized factor prices. This paper considers a three-factor, three-industry model, and demonstrates that endowment differences between countries can cause disparities in their wage rates and the prices of the nontraded good. A dynamic panel data analysis shows that a 10% increase in per capita real GDP results ...


International Reserves And Rollover Risk, Javier Bianchi, Juan Carlos Hatchondo, Leonardo Martinez Jan 2018

International Reserves And Rollover Risk, Javier Bianchi, Juan Carlos Hatchondo, Leonardo Martinez

Leonardo Martinez

No abstract provided.


The Zambian Consensus, Stefan Jan Briggs Jan 2018

The Zambian Consensus, Stefan Jan Briggs

Senior Projects Spring 2018

Senior Project submitted to The Division of Social Studies of Bard College.


The Road Ahead For Chinese Soes, Jingyu Mao Jan 2018

The Road Ahead For Chinese Soes, Jingyu Mao

Senior Projects Spring 2018

Many Chinese State Owned Enterprises are facing problems of over-capacity and inefficient productivity. These problems have contributed to the slowdown of Chinese economic growth. Some people believe that this is the time for SOEs to improve their productivity and financial system in order to be more efficient to support future Chinese economic growth. However, the central government has decided to not reform the current SOE system and continue funding SOEs in order to let them play an important role in the "Belt and Road Initiative." Many people think that this is a way to vindicate SOEs, or to excuse the ...


21st Century Chinese Art Market Boom, Ayca Deniz Ergin Jan 2018

21st Century Chinese Art Market Boom, Ayca Deniz Ergin

Summer Program for Undergraduate Research (SPUR)

This research paper provides a detailed analysis of how China has become the fastest growing art market around the world. How did the economic development in China led the country to the top in recent years, in contrast to its Western competitors? What is China’s role in the global art market scene? What changes have been made, in a socialist system, to accommodate foreign investors and what future changes should be made to sustain its growth?

Through focusing on the correlation between economic growth and art market expansions, this research develops the relationship through referencing various quantitative and qualitative ...


Poverty Mapping Using Convolutional Neural Networks Trained On High And Medium Resolution Satellite Images, With An Application In Mexico, Boris Babenko, Jonathan Hersh, David Newhouse, Anusha Ramakrishnan, Tom Swartz Dec 2017

Poverty Mapping Using Convolutional Neural Networks Trained On High And Medium Resolution Satellite Images, With An Application In Mexico, Boris Babenko, Jonathan Hersh, David Newhouse, Anusha Ramakrishnan, Tom Swartz

Economics Faculty Articles and Research

Mapping the spatial distribution of poverty in developing countries remains an important and costly challenge. These “poverty maps” are key inputs for poverty targeting, public goods provision, political accountability, and impact evaluation, that are all the more important given the geographic dispersion of the remaining bottom billion severely poor individuals. In this paper we train Convolutional Neural Networks (CNNs) to estimate poverty directly from high and medium resolution satellite images. We use both Planet and Digital Globe imagery with spatial resolutions of 3-5 m2 and 50 cm2 respectively, covering all 2 million km2 of Mexico. Benchmark poverty estimates come from ...


Optimal Tariffs With Inframarginal Exporters, Rishi Sharma Oct 2017

Optimal Tariffs With Inframarginal Exporters, Rishi Sharma

Economics Faculty Scholarship

This paper shows that an importing country can have an incentive to impose a tariff to extract rents earned by foreign exporters even in a perfectly competitive setting. To demonstrate this, I develop a new model of international trade that incorporates fixed costs of exporting and firm heterogeneity within a perfectly competitive framework. In this setting, despite the fact that there are no pre-existing distortions, the optimal tariff is positive even for a small country with no world market power. In the limit, as either firm heterogeneity or the fixed costs of exporting vanish, the optimal tari approaches zero.


Essays On Inequality And Macroeconomic Stability, Thomas Hauner Sep 2017

Essays On Inequality And Macroeconomic Stability, Thomas Hauner

All Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters. . .

Chapter 1: Aggregate Wealth and Its Distribution as Determinants of Financial Crises: Panel Evidence This essay investigates the relationship between wealth inequality and financial crises across a panel of nine advanced economies over the past 100 years. While substantiation of a role for income inequality is ambiguous in the literature, evidence is presented suggesting a unique capacity for the accumulation of assets to increase the likelihood of a future financial crisis episode. Testing long-run panel data with a reduced form, two-way fixed effects model, estimates suggest that increasing wealth inequality, in an economy with ...


Optimum Currency Areas And The European Experience: An Examination Of Diverging Competitiveness Among Key Eu Nations, Karol Jablonski Jun 2017

Optimum Currency Areas And The European Experience: An Examination Of Diverging Competitiveness Among Key Eu Nations, Karol Jablonski

Honors Theses

Now in its 18th year of existence, the European single currency - 'the most daring act of integration since the launch of the European integration project' - is facing its biggest challenge yet. Greece, Portugal, and Ireland are still experiencing economic hardships, even after receiving substantial bailout packages in order to avoid defaulting on their debt. Italy and Spain - 'the third and fourth largest economies in the Eurozone' - are close behind, combining high public debts, large budget deficits, and low growth. Germany and France, considered the most robust economies of the Eurozone, are feeling the strain of supporting their weaker partners in ...


Considerations For Mexican Immigration Policy Reform: How Motivations To Migrate Align With U.S. And Mexican Macroeconomic Conditions, Alix Naugler May 2017

Considerations For Mexican Immigration Policy Reform: How Motivations To Migrate Align With U.S. And Mexican Macroeconomic Conditions, Alix Naugler

Undergraduate Honors Theses

The nationalistic rhetoric adopted by the newly-elected president’s administration along with the public’s climaxing anti-immigrant hysteria has recently forced Mexican immigration intervention to the top of the U.S. agenda. Misconceptions regarding Mexicans’ role in stealing jobs, threatening cultural and ethnic traditions, and straining public welfare, educational, and healthcare resources have spurred a fear among the American people. This politically-fabricated “schizophrenia” has ceased the political and economic collaboration between the two nations and has resulted in the unilateral militarization of the U.S.-Mexico border. In this evaluation of the U.S. government’s immigration policies, the proposed ...


Who Reacts To Income Tax Rate Changes? The Relationship Between Income Taxes And The Motivation To Work: The Case Of Azerbaijan, Orkhan Nadirov, Bruce Dehning, Khatai Aliyev, Minura Iskandarova Jan 2017

Who Reacts To Income Tax Rate Changes? The Relationship Between Income Taxes And The Motivation To Work: The Case Of Azerbaijan, Orkhan Nadirov, Bruce Dehning, Khatai Aliyev, Minura Iskandarova

Accounting Faculty Articles and Research

This research investigates the effects of income taxation on the motivation to work by employing a survey method for the Azerbaijan population. The two research questions of interest are, if subjects consider income taxes when deciding how many hours to work and how subjects would react to a hypothetical 5% income tax rate increase. Also examined are the responses to these questions between subjects with different socio-economic characteristics. Examining cross-sectional data of 326 respondents reveals that income taxes do not influence Azerbaijan labour market participants’ motivation to work, regardless of their socio-economic characteristics. Empirical results indicate that reactions to hypothetical ...


The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee Aug 2016

The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee

Dissertations

This study measures the impact that electrical outages have on manufacturing production in 135 less developed countries using stochastic frontier analysis and data from World Bank’s Investment Climate surveys. Outages of electricity, for firms with and without backup power sources, are the most frequently cited constraint on manufacturing growth in these surveys.

Outages are shown to reduce output below the production frontier by almost five percent in Africa and by a lower percentage in South Asia, Southeast Asia and the Middle East and North Africa. Production response to outages is quadratic in form. Outages also increase labor cost, reduce ...


The Integrity Of Financial Analysts: Evidence From Asymmetric Responses To Earnings Surprises, Rui Lu, Wenxuan Hou, Henry Oppenheimer, Ting Zhang Jul 2016

The Integrity Of Financial Analysts: Evidence From Asymmetric Responses To Earnings Surprises, Rui Lu, Wenxuan Hou, Henry Oppenheimer, Ting Zhang

Ting Zhang

This paper investigates the integrity of financial analysts by examining their recommendation responses to large quarterly earnings surprises. Although there is no significant difference in recommendation changes between affiliated and unaffiliated analysts in response to positive earnings surprises, affiliated analysts are more reluctant than unaffiliated analysts to downgrade stock recommendations in response to negative earnings surprises. The evidence implies that conflicts of interest undermine the integrity of financial analysts. We further examine the effects of reputation concern and the Global Research Analyst Settlement as informal and formal mechanisms, on restoring analysts’ integrity. The results show that the positive bias in ...


An Analysis Of Risk-Taking Behavior For Public Defined Benefit Pension Plans, Nancy Mohan, Ting Zhang Jul 2016

An Analysis Of Risk-Taking Behavior For Public Defined Benefit Pension Plans, Nancy Mohan, Ting Zhang

Ting Zhang

This paper presents the first comprehensive study on the determinants of public pension fund investment risk and reports several new important findings. Unlike private pension plans, public funds undertake more risk if they are underfunded and have lower investment returns in the previous years, consistent with the risk transfer hypothesis. Furthermore, pension funds in states facing fiscal constraints allocate more assets to equity and have higher betas. There also appears to be a herding effect in that CalPERS equity allocation or beta is mimicked by other pension funds. Finally, our results suggest that government accounting standards strongly affect pension fund ...


An Analysis Of Risk-Taking Behavior For Public Defined Benefit Pension Plans, Nancy Mohan, Ting Zhang Jul 2016

An Analysis Of Risk-Taking Behavior For Public Defined Benefit Pension Plans, Nancy Mohan, Ting Zhang

Nancy Mohan

This paper presents the first comprehensive study on the determinants of public pension fund investment risk and reports several new important findings. Unlike private pension plans, public funds undertake more risk if they are underfunded and have lower investment returns in the previous years, consistent with the risk transfer hypothesis. Furthermore, pension funds in states facing fiscal constraints allocate more assets to equity and have higher betas. There also appears to be a herding effect in that CalPERS equity allocation or beta is mimicked by other pension funds. Finally, our results suggest that government accounting standards strongly affect pension fund ...


The Integrity Of Financial Analysts: Evidence From Asymmetric Responses To Earnings Surprises, Rui Lu, Wenxuan Hou, Henry Oppenheimer, Ting Zhang Jul 2016

The Integrity Of Financial Analysts: Evidence From Asymmetric Responses To Earnings Surprises, Rui Lu, Wenxuan Hou, Henry Oppenheimer, Ting Zhang

Economics and Finance Faculty Publications

This paper investigates the integrity of financial analysts by examining their recommendation responses to large quarterly earnings surprises. Although there is no significant difference in recommendation changes between affiliated and unaffiliated analysts in response to positive earnings surprises, affiliated analysts are more reluctant than unaffiliated analysts to downgrade stock recommendations in response to negative earnings surprises. The evidence implies that conflicts of interest undermine the integrity of financial analysts. We further examine the effects of reputation concern and the Global Research Analyst Settlement as informal and formal mechanisms, on restoring analysts’ integrity. The results show that the positive bias in ...