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Full-Text Articles in Macroeconomics

Accounting For Agent Heterogeneity In Market And Policy Analysis, Konstantinos Giannakas Jan 2019

Accounting For Agent Heterogeneity In Market And Policy Analysis, Konstantinos Giannakas

Zea E-Books

doi:10.13014/K2416V8V

This book presents a multi-market framework of market and policy analysis that explicitly accounts for the empirically relevant heterogeneity in consumer preferences and producer characteristics. The explicit consideration of consumer and producer heterogeneity represents a significant departure from the representative consumer and producer that have been at the center of most of the literature on market and policy analysis, and enables the distributional impacts of changes in market conditions and policies to be fully identified. The framework is used to analyze the system-wide market and welfare impacts of a number of changes in market conditions (like ...


Are Consumers As Constrained As Hens Are Confined? Brain Activations And Behavioral Choices After Informational Influence, Alex J. Francisco, Amanda S. Bruce, John Crespi, Jayson L. Lusk, Brandon Mcfadden, Jared M. Bruce, Robin L. Aupperle, Seung-Lark Lim May 2018

Are Consumers As Constrained As Hens Are Confined? Brain Activations And Behavioral Choices After Informational Influence, Alex J. Francisco, Amanda S. Bruce, John Crespi, Jayson L. Lusk, Brandon Mcfadden, Jared M. Bruce, Robin L. Aupperle, Seung-Lark Lim

John Crespi

In 2008, California passed Proposition 2, specifying confinement space for certain farm animals. Proposition 2 went into full effect January 2015 and has significant implications for egg production in California and possibly even interstate commerce. We examined the influence of promotional videos aired during the campaign on consumers’ willingness-to-pay for eggs produced in a more open production system (i.e., cage-free, free range) and corresponding neurofunctional activations during decisions. Forty-six participants (24 females), aged 18–55 years (M=29.65), were enrolled and performed a food decision-making task during fMRI scanning. In each decision, two options of identical one dozen ...


The Behavioral And Neuroeconomics Of Food And Brand Decisions: Executive Summary, Amanda Bruce, John Crespi, Jayson Lusk May 2018

The Behavioral And Neuroeconomics Of Food And Brand Decisions: Executive Summary, Amanda Bruce, John Crespi, Jayson Lusk

John Crespi

This executive summary provides the rationale for and summary of the articles of this Special Edition of the Journal of Agricultural and Food Industrial Organization.


Industrial Output Fluctuations In Developing Countries: General Equilibrium Consequences Of Agricultural Productivity Shocks, Iona Hyojung Lee Feb 2018

Industrial Output Fluctuations In Developing Countries: General Equilibrium Consequences Of Agricultural Productivity Shocks, Iona Hyojung Lee

Research Collection School Of Economics

This paper shows that a negative shock to agricultural productivity may increase food prices, and labor and capital can move away from manufacturing into agriculture to meet the subsistence requirement for food. This effect depends on income levels and openness to trade. Using annual manufacturing data and rainfall shocks as the instrument for crop yields (proxy for agricultural productivity), I find that an exogenous decline in yield decreases manufacturing output as well as employment and capital investment in manufacturing. Overall, crop yield variation can explain up to 44% of industrial output fluctuations in developing countries (rainfall shocks cause 31% of ...


Usda Forecasts Of Crop Ending Stocks: How Well Have They Performed?, Jinzhi Xiao, Chad E. Hart, Sergio H. Lence Apr 2017

Usda Forecasts Of Crop Ending Stocks: How Well Have They Performed?, Jinzhi Xiao, Chad E. Hart, Sergio H. Lence

Economics Publications

This study analyzes forecasts of U.S. ending stocks for corn, soybeans, and wheat issued by the USDA. The proposed efficiency tests focus on forecast revisions. Forecast errors are decomposed into monthly unforecastable shocks and idiosyncratic residuals. The error covariance matrix allows for heteroscedasticity and auto-correlations. Results suggest that the USDA forecasts are inefficient, providing strong evidence that the USDA is conservative in forecasting the ending stocks. Unforecastable shocks are heteroscedastic, and idiosyncratic residuals are small. Results are consistent across the three decades analyzed, but soybean forecasts are found to be considerably worse from 2005 to 2015.


Comments On “Rich Debt, Poor Debt: Assessing Household Indebtedness And Debt Repayment Capacity”, Sock Yong Phang Jan 2017

Comments On “Rich Debt, Poor Debt: Assessing Household Indebtedness And Debt Repayment Capacity”, Sock Yong Phang

Research Collection School Of Economics

This paper assesses the system-wide impacts of Malaysia’s rising household debt.Malaysia’s household debt-to-GDP ratio (HDGR) increased from 76% in 2009 to 89%in 2016. This increase has raised concerns regarding the implications for householdfinancial resilience and banking system stability. The paper uses a micro-level datasetthat integrates income and debt to calculate financial margin (FM) and the probabilityof default (PD) for individuals at the baseline, and when subject to various shocks.This allows the estimation of loss to lenders in the event of default, and from there,the banking system’s debt-at-risk. The findings show that default is ...


Comments On “Rich Debt, Poor Debt: Assessing Household Indebtedness And Debt Repayment Capacity”, Sock Yong Phang Jan 2017

Comments On “Rich Debt, Poor Debt: Assessing Household Indebtedness And Debt Repayment Capacity”, Sock Yong Phang

Research Collection School Of Economics

This paper assesses the system-wide impacts of Malaysia’s rising household debt.Malaysia’s household debt-to-GDP ratio (HDGR) increased from 76% in 2009 to 89%in 2016. This increase has raised concerns regarding the implications for householdfinancial resilience and banking system stability. The paper uses a micro-level datasetthat integrates income and debt to calculate financial margin (FM) and the probabilityof default (PD) for individuals at the baseline, and when subject to various shocks.This allows the estimation of loss to lenders in the event of default, and from there,the banking system’s debt-at-risk. The findings show that default is ...


Governmental Agricultural Policy And Its Affect On Population Health, Alexander Steinbach Jan 2016

Governmental Agricultural Policy And Its Affect On Population Health, Alexander Steinbach

Undergraduate Honors Theses

In this paper I attempt to establish a link between government agricultural policies of subsidies and the increasing obesity epidemic that is seen across the globe. I attempt to design a research project that explores these dynamics and uses three distinct regional areas for comparison. In this paper I compare the United States, the European Union, and Japan and South Korea to see if government agricultural policy as well as trade implications play a role in rising body mass index (BMI) and obesity. The reason for comparison is due to the level of development coupled with a unique comparison of ...


Fishing For A Sustainable Future: Aquaponics As A Method Of Food Production, Richard Ramsundar May 2015

Fishing For A Sustainable Future: Aquaponics As A Method Of Food Production, Richard Ramsundar

Student Theses 2015-Present

This thesis compares and explains the advantages aquaponics farming has over modern industrial intensive farming. Through a comparison natural capital usage, conservation, recycling and cost, the thesis advocates for the expansion of aquaponics usage in urban settings. The thesis also explains the history of intensive farming and aquaponics in America, the science of how aquaponics operates, the economic and environmental costs of modern intensive farming versus aquaponics farming, and the social implications of aquaponics. Lastly, I propose a policy that reallocates farm subsidies by modifying the Farm Bill. Then I propose policies that support creating a new standard of farm ...


The Behavioral And Neuroeconomics Of Food And Brand Decisions: Executive Summary, Amanda Bruce, John Crespi, Jayson Lusk Jan 2015

The Behavioral And Neuroeconomics Of Food And Brand Decisions: Executive Summary, Amanda Bruce, John Crespi, Jayson Lusk

Economics Publications

This executive summary provides the rationale for and summary of the articles of this Special Edition of the Journal of Agricultural and Food Industrial Organization.


Are Consumers As Constrained As Hens Are Confined? Brain Activations And Behavioral Choices After Informational Influence, Alex J. Francisco, Amanda S. Bruce, John Crespi, Jayson L. Lusk, Brandon Mcfadden, Jared M. Bruce, Robin L. Aupperle, Seung-Lark Lim Jan 2015

Are Consumers As Constrained As Hens Are Confined? Brain Activations And Behavioral Choices After Informational Influence, Alex J. Francisco, Amanda S. Bruce, John Crespi, Jayson L. Lusk, Brandon Mcfadden, Jared M. Bruce, Robin L. Aupperle, Seung-Lark Lim

Economics Publications

In 2008, California passed Proposition 2, specifying confinement space for certain farm animals. Proposition 2 went into full effect January 2015 and has significant implications for egg production in California and possibly even interstate commerce. We examined the influence of promotional videos aired during the campaign on consumers’ willingness-to-pay for eggs produced in a more open production system (i.e., cage-free, free range) and corresponding neurofunctional activations during decisions. Forty-six participants (24 females), aged 18–55 years (M=29.65), were enrolled and performed a food decision-making task during fMRI scanning. In each decision, two options of identical one dozen ...


Financialization Of The Commodities Futures Markets And Its Effects On Prices, Manisha Pradhananga Sep 2014

Financialization Of The Commodities Futures Markets And Its Effects On Prices, Manisha Pradhananga

Doctoral Dissertations

After declining for almost three decades, the food price index of the Food and Agricultural Organization (FAO) rose by 90 percent between January 2002 and June 2008. Besides the magnitude, the rise in prices was remarkable for its breadth, affecting a broad range of commodities including agricultural (wheat, corn, soybeans, cocoa, coffee), energy (crude oil, gasoline), and metals (copper, aluminum). According to the US Department of Agriculture, this price spike was responsible for increasing the number of malnourished people by 80 million. These dramatic developments in prices coincided with a rapid inflow of investment into the commodities futures market -- the ...


Economic Impacts Of Increased Corporate Average Fuel Economy (Cafe) Standards, Ann K. Hunter-Pirtle Aug 2014

Economic Impacts Of Increased Corporate Average Fuel Economy (Cafe) Standards, Ann K. Hunter-Pirtle

Dissertations and Theses in Agricultural Economics

The Renewable Fuel Standard (RFS) mandates that U.S. transportation fuel producers blend specific volumes of ethanol and other biofuels with fossil fuels to spur U.S. biofuel production and to minimize foreign oil imports. Ethanol is more corrosive to auto engines than gasoline, and although vehicles manufactured since 2001 are approved to use up to a 15% ethanol blend (E15) (Naylor & Falcon, 2011), E10 is much more widely available. Ethanol producers therefore face a so-called blend wall at 10 percent—a maximum amount of ethanol that is usable domestically based on the demand for gasoline.

Meanwhile, gasoline demand in ...


A Multivariate Analysis Of The Causal Flow Between Renewable Energy Consumption And Gdp In Tunisia, Maamar Sebri, Ousama Ben Salha Dec 2013

A Multivariate Analysis Of The Causal Flow Between Renewable Energy Consumption And Gdp In Tunisia, Maamar Sebri, Ousama Ben Salha

Maamar Sebri

No abstract provided.


Cointegration Analysis Of Oil Prices And Consumer Price Index In South Africa Using Stata Software, Mphumuzi A. Sukati Mr Jan 2013

Cointegration Analysis Of Oil Prices And Consumer Price Index In South Africa Using Stata Software, Mphumuzi A. Sukati Mr

Mphumuzi A Sukati Mr

This paper investigates the concept of vector autoregression (VAR) and cointegration using a bivariate model of global oil prices and headline Consumer Price Index (CPI) in South Africa. The study aims to determine how much of inflation is driven by oil prices. Particular attention is paid to the theoretical underpinnings of cointergration analysis and the application of STATA software to undertake such analysis and perform test statistics. Contrary to the popular myth that a rise in global oil prices fuels inflation, this study has observed that global oil prices are not the drivers of inflation in South Africa. In this ...


Challenges Of Development In 21st Century By Dr. Ruby Ojha, Professor Vibhuti Patel Sep 2012

Challenges Of Development In 21st Century By Dr. Ruby Ojha, Professor Vibhuti Patel

Professor Vibhuti Patel

This book makes a path-breaking contribution to encourage discourse on some of the most neglected areas in the mainstream economics. This scholarly contribution towards understanding of the macroeconomic parameters affecting development economics goes beyond economic history and examines wide range of contemporary development problems. The book provides up-to-date reference material for development economics, gender economics, International Trade and Economics of infrastructure. The scholar has examined wide range of contemporary concerns in development studies using prism of economics. She has touched specialised areas such as gender economics, environmental economics and inter-disciplinary work on social sector of the economy. International Trade and ...


Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid May 2012

Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid

Muhammad Irfan Chani

This study investigates the casual relationship between economic development and formation of human capital in Pakistan. Based on endogenous growth theory, this study empirically tests the standard growth model consisting of gross domestic product (GDP) per capita as a dependent variable and human capital formation, investment in physical capital and labor force as independent variables. Autoregressive distributive lag (ARDL) bound testing approach to cointegration is used to check the long-run equilibrium relationship between the variables included in the model. For checking the causal relationship between economic development and human capital formation, pair-wise Granger causality test is used for time series ...


Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan May 2012

Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan

Muhammad Irfan Chani

This study aims to investigate the role that various socioeconomic factors like female education, urbanization and female labour force participation play in determining fertility of women in Pakistan. ARDL bound test approach to cointegration is used to analyze the long-run relationship of the variables by using the data for the period from 1980 to 2009. The empirical results show that there exists a long-run as well as short-run relationship between fertility and urbanization, female labour force participation and female education in Pakistan. The analysis indicates there is a negative relationship between all 3 determinants with fertility. Female education and urbanization ...


The Trans-Pacific Partnership And Japanese Politics, Eliot Francis Watson May 2012

The Trans-Pacific Partnership And Japanese Politics, Eliot Francis Watson

Chancellor’s Honors Program Projects

No abstract provided.


Mexico's Quest In The North American Markets, Antonio Diaz Gonzalez Salas Apr 2012

Mexico's Quest In The North American Markets, Antonio Diaz Gonzalez Salas

Senior Theses and Projects

Since the 1980s Mexico has implemented various economic policies that have improved its financial system at times. All the policies have ultimately failed. Since the 1990s both Mexico and China have made progress in foreign trade with their respective trade organizations. Mexico entered the North American Free Trade Agreement (NAFTA) in 1994 and China joined the World Trade Organization (WTO) in 2001. In spite of being a part of two different trade organizations, both countries had a significant increase on their GDP and consequently a change of focus and direction towards their internal investments to enhance their production of exports ...


An Analysis Of Different Approaches To Women Empowerment: A Case Study Of Pakistan, Amatul R. Chaudhary, Muhammad Irfan Chani, Zahid Pervaiz Jan 2012

An Analysis Of Different Approaches To Women Empowerment: A Case Study Of Pakistan, Amatul R. Chaudhary, Muhammad Irfan Chani, Zahid Pervaiz

Muhammad Irfan Chani

Women empowerment has attracted the attention of researchers as an active area of research since 1980s. It can be viewed as an ultimate end as well as a mean to achieve other development goals. The present study is an attempt to investigate how consciousness /sensitization of women about their rights, economic empowerment of women and women’s overall development can be helpful in achieving the goal of women’s empowerment. The study uses data for the period of 1996 to 2009 for Pakistan. Empirical results reveal that consciousness of women about their rights, economic empowerment of women and women’s ...


Impacts Of Social Upbringing On Family Integration In Military Life In Sudan, Professor Issam A.W. Mohamed Oct 2011

Impacts Of Social Upbringing On Family Integration In Military Life In Sudan, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

In a country on the eve of losing one third of its land, 80% of potential natural resources and 75% of external exports value, economic future seems gloomy. Many opinions were given for economic solutions after the Southern Sudan secession. However, that does not support a theoretical framework that those are the only reasons for the expected economic collapse. Our theory here is that such collapse already happened because of economic mismanagement, corruption and hoarding initiated by the calls for empowerment and carried out by the regime's members. Such acts extended to the banks, economic institutions and randomized privatization ...


Multinational Companies And Investments In Sudan: Case Study Of Oil Exploration And Extraction, Professor Issam A.W. Mohamed Oct 2011

Multinational Companies And Investments In Sudan: Case Study Of Oil Exploration And Extraction, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

The purpose of this paper is to present the role of multinational companies in general then its role in Sudan with particular emphasis on oil exploration and extraction. Chinese companies of multinationalities currently control the newly born oil industry in the country. Needless to say that the dire needs of the government because of its international isolation and sanctions compelled it to be subjected to bellow standards conditions in all economic and environmental aspects. The government accepted the conditions for the past twelve years. However, the secession of Southern Sudan into new country gives better re-negotiations opportunity to the newly ...


Impacts Of Formal Financing On The Development Of The Sudanese Agricultural Sector, Issam A.W. Mohamed Professor Aug 2011

Impacts Of Formal Financing On The Development Of The Sudanese Agricultural Sector, Issam A.W. Mohamed Professor

Professor Issam A.W. Mohamed

The agricultural sector of Sudan is faced by many problems. In the irrigated schemes, the government who officially owns most of them there are entrenched managerial problems that brewed for more than six decades. Moreover, the privatization policies of those schemes provoked many outcries and protests. Large schemes like Gezira have collapsed, this year 2011, only 10% of its over one million hectares were cultivated. The rainfed farming is not different with lack of machineries, shortages of available labor and high priced agricultural inputs, it is not expected to fare better than the irrigated schemes. However, even if those problems ...


African Economic Blocs And Trade: Case Study Of Comesa And Sudan, Issam A.W. Mohamed Professor Aug 2011

African Economic Blocs And Trade: Case Study Of Comesa And Sudan, Issam A.W. Mohamed Professor

Professor Issam A.W. Mohamed

Comprehensively, Economic Trade Partnerships and Blocs are important to a member country. However, with the continuing global financial distresses it is useful to evaluate them to maximize possible benefit. The question of joining, continue membership with the Comesa is vital to the Sudanese economy that presently stands in a very decisive time. The Common Market for Eastern and Southern Africa is a free trade area with nineteen member states stretching from Libya to Zimbabwe. COMESA formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. Nine of the member states formed a free trade area in ...


Economic Papers Online, Issam A.W. Mohamed Professor Aug 2011

Economic Papers Online, Issam A.W. Mohamed Professor

Professor Issam A.W. Mohamed

Those are economic papers online on the pages of Econpaper by Issam AW Mohamed


Review Of The Role Of Agriculture In Sudan Economy, Issam A.W. Mohamed Professor Aug 2011

Review Of The Role Of Agriculture In Sudan Economy, Issam A.W. Mohamed Professor

Professor Issam A.W. Mohamed

The calamities of Sudan expand on daily basis. The secession of Southern Sudan has deprived the country of 25% of it total area, 24% of population, over 80% of its oil income. Moreover, it has separated with 75% of it vegetation cover and 30% of potential arable land. In addition, Sudan stands to tolerate at least 25% of its water resources. Economic situation precarious with the Darfur rebellions, the inception of Southern Kordofan's region civil strive and the inflamed complaints in its Blue Nile region. That resulted besides deprivation of oil revenues and other potentials to increased cost of ...


Effects Of The Humanitarian Aid, Internal Displacement On The Social Impacts In Sudan, Professor Issam A.W. Mohamed Aug 2011

Effects Of The Humanitarian Aid, Internal Displacement On The Social Impacts In Sudan, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

The study presented here reviews activities of NGOs in Sudan by surveying and studying the activities of Save the Children of United Kingdom. Activities of NGOs in Sudan were always a controversial issue that resulted in the expulsion of many in 2009. There were also precedents of such expulsions in previous and following years. The paper discusses humanitarian work in Sudan, positive and negative sides. The case study's activities of the Save the Children efforts in Jebel Aulia Internally Displaced People, specially their efforts in education were investigated. It is concluded that introduce invaluable help in educational field, building ...


Global Financial Crisis And Effects On The Agricultural Sector Of Sudan, Issam A.W. Mohamed Professor Jul 2011

Global Financial Crisis And Effects On The Agricultural Sector Of Sudan, Issam A.W. Mohamed Professor

Professor Issam A.W. Mohamed

The severe impacts of the global financial crisis had effects on all world. However, in Sudan scientists and researchers were greatly shocked because of the governmental camouflaging on their real effects on the economy. Minister of National Economy and Finance denied the effects on the Sudanese economy. The governor of the Sudan Central bank did the same with emphasis from both that everything are quite and normal and that Sudan can absorb all shocks on its economic performance. Truly, they ave eaten their words in the following months and confessed the partial effects on the Sudanese economy. Moreover, after they ...


Thieves Or Doctors, Armed Civil Conflicts In Darfur And Impacts On Education In Refugees Camps, Professor Issam A.W. Mohamed Jul 2011

Thieves Or Doctors, Armed Civil Conflicts In Darfur And Impacts On Education In Refugees Camps, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

The study presented here depends on a field survey of refugees' camps in war strived Darfur region. The data are genuine from people and children. The expelling of NGOs from the region was a moral shock to the whole world, but in Darfur, it was a humanitarian catastrophe affecting the population. In this paper, I surveyed and analyzed data on what I consider the most important factor which are children and establish education as the base of the arguments introduced here. A case study is introduced which is Attash refugees or displaced camp were produced. Data were collected by field ...