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Full-Text Articles in Macroeconomics

Globalization And Social Spending: Lessons For India, Ansh Jain Jan 2019

Globalization And Social Spending: Lessons For India, Ansh Jain

Honors Program Theses

As developing countries increasingly integrate themselves into the global economy, increased social spending is desirable to protect their vulnerable groups from rapid changes experienced by the economy associated with increased openness. However, while developed nations are largely successful in maintaining and increasing their social spending as a response to globalization, the case with developing countries is usually the opposite. We find that key determinants of this divergence between developing and developed countries stems from factors such as the extent of surplus and informal labor, quality of democracy and democratic institutions, and the power of unions. As India further integrates into ...


Resource Nationalism And Energy Integration In Latin America: The Paradox Of Populism, Brian Hollingsworth Jun 2018

Resource Nationalism And Energy Integration In Latin America: The Paradox Of Populism, Brian Hollingsworth

FIU Electronic Theses and Dissertations

This dissertation examines the relationship between resource nationalism and energy integration, and uses Bolivia and Brazil as a test case. Essentially, does resource nationalism affect energy integration? The findings nest within more expansive questions on international political economy and export-driven models of development. Why do populist regimes, historically operating under an economic nationalist cum protectionist paradigm, simultaneously pursue policies of economic integration? What is the relationship between resource nationalists and open markets, especially in the hydrocarbons sector? What is the relationship between populists, who are typically resource nationalists, and their decision to choose policies of energy integration?

The most common ...


The Role Of Conflict In Sub-Saharan Africa, Samy Lemos Jan 2018

The Role Of Conflict In Sub-Saharan Africa, Samy Lemos

CMC Senior Theses

Sub-Saharan Africa is the provider of many critical natural resources. With such resources, one would expect these countries to have thriving economies. Why is the opposite case true? To answer such a question, this paper examines a few critical causes that may justify the current economic situation these African countries are experiencing. Specifically, the paper observes the economic impact of civil war and terrorist conflict in sub-Saharan Africa from 1971 to 2016. To explore the changes in GDP per capita for all these years, this thesis sheds light on three independent variables: year of conflict, education level, and foreign direct ...


Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom Jun 2016

Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom

Lawrence University Honors Projects

Since the pioneering work of von Neumann and Morgenstern in 1944 there have been many developments in Expected Utility theory. In order to explain decision making behavior economists have created increasingly broad and complex models of utility theory. This paper seeks to describe various utility models, how they model choices among ambiguous and lottery type situations, and how they respond to the Ellsberg and Allais paradoxes. This paper also attempts to communicate the historical development of utility models and provide a fresh perspective on the development of utility models.


Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova Jun 2015

Public Actors In Private Markets: Toward A Developmental Finance State, Robert Hockett, Saule Omarova

Saule T. Omarova

The recent financial crisis brought into sharp relief fundamental questions about the social function and purpose of the financial system, including its relation to the “real” economy. This Article argues that, to answer these questions, we must recapture a distinctively American view of the proper relations among state, financial market, and development. This programmatic vision – captured in what we call a “developmental finance state” – is based on three key propositions: (1) that economic and social development is not an “end-state” but a continuing national policy priority; (2) that the modalities of finance are the most potent means of fueling continuous ...


Privatization & Fdi: Examining Growth In Vietnam's Provinces, William T. Clark May 2015

Privatization & Fdi: Examining Growth In Vietnam's Provinces, William T. Clark

Master's Theses

Over the past three decades many developing countries have looked toward privatizing investment markets and relying more on Foreign Direct Investment (FDI) to supply needed capital investment for their emerging private sectors. In their pursuit of foreign capital, developing countries have enacted several changes in economic policy and regulation in hopes of transforming formerly rural and undeveloped countries into highly urbanized centers of global production. This is particularly true for a transitioning economy such as Vietnam, which has seen increasing privatization of industry and investment since the reforms of 1986 known as “Doi Moi.” In this study I investigate the ...


Economic Growth And Development In Sub-Saharan Africa, Asia, And Latin America: The Impact Of Human Capital, Angui D. Macham May 2015

Economic Growth And Development In Sub-Saharan Africa, Asia, And Latin America: The Impact Of Human Capital, Angui D. Macham

Applied Economics Theses

My thesis is that human capital has been important to growth, but has had differential impact in three areas: Sub-Sahara Africa; Asia; and Latin America. I estimated three regional models to determine the impact of human capital on the growth of gross domestic product (GDP) per capita. Each model was estimated using the pooled OLS approach with a sample of 10 countries within each region. I make use of data from the Penn World Table- international comparisons of production data bank. I found that only the African region had statistically significant coefficients for both physical and human capital. For the ...


Identification Of Key Productive Sectors In The Mexican Economy, Isaac Sánchez-Juárez, David Revilla, Adelaido García-Andrés Mar 2015

Identification Of Key Productive Sectors In The Mexican Economy, Isaac Sánchez-Juárez, David Revilla, Adelaido García-Andrés

Isaac Sánchez-Juárez

This article focuses on identifying what are the key sectors with high potential for drag induced investment in the Mexican economy, also characterizes the sectors according to their hierarchy, impact and degree of articulation. To achieve this the input-output matrix national 2003 was used (disaggregated into 20 sectors and 79 sub-sectors), provided by the official government agency responsible for generating statistical information, which applied the traditional method of calculation of multipliers which takes into account both relations hierarchical such as circular between the productive sectors of Rasmussen (1956). The originality of the work lies in the application of the social ...


A Review Of Morten Jerven's 'Poor Numbers: How We Are Misled By African Development Statistics And What To Do About It', Rodrigo Garcia-Verdu Dec 2013

A Review Of Morten Jerven's 'Poor Numbers: How We Are Misled By African Development Statistics And What To Do About It', Rodrigo Garcia-Verdu

Rodrigo Garcia-Verdu

Book review of Morten Jerven’s Poor Numbers. How We Are Misled by African Development Statistics and What to Do about It, Cornell Studies in Political Economy, Ithaca, N.Y.: Cornell University Press, January 2013, ISBN: 9780801478604, 176 pp.


Beyond Deterrence And Decline Towards A General Understanding Of Peace Economics, Raul Caruso Dec 2013

Beyond Deterrence And Decline Towards A General Understanding Of Peace Economics, Raul Caruso

Raul Caruso

The aim of this short article is to provide elements for a general discussion on peace economics and its potential contribution to economics and economic policy. I first present a discussion on deterrence equilibria and consequent allocation of resources. Eventually I expound five economic channels through which military expenditures turn to be detrimental for economic development. Finally some elements to build a framework for a peaceful economic policy are presented.


Benchmarking Structural Transformation Across The World, Era Dabla-Norris, Alun H. Thomas, Rodrigo Garcia-Verdu, Yingyuan Chen Dec 2013

Benchmarking Structural Transformation Across The World, Era Dabla-Norris, Alun H. Thomas, Rodrigo Garcia-Verdu, Yingyuan Chen

Rodrigo Garcia-Verdu

Presentation given at the IMF's Jobs and Growth Seminar on December 13, 2013, based on the IMF Working Paper No. 13/176 with the same name


The Role Of Islamic Banking In Economic Growth, Katherine Johnson Jan 2013

The Role Of Islamic Banking In Economic Growth, Katherine Johnson

CMC Senior Theses

Islamic banking is currently one of the fastest growing segments of the financial market industry, operating in over 75 countries through 300 institutions. While past literature has established the development of financial institutions as a determinant of economic growth, research on the correlation of the diffusion of Islamic banking with economic growth is limited. This study seeks to add to the literature by empirically analyzing the economic growth determinative power of Islamic banks. Confirming past research, Muslim prevalence in a population is found to be the most significant determinant of the diffusion of Islamic banks. Using this exogenous instrument in ...


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 ...


Implications Of Economic Interactions Between Northern And Southern Tribes Of Sudan, Professor Issam A.W. Mohamed Mar 2011

Implications Of Economic Interactions Between Northern And Southern Tribes Of Sudan, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

The present paper discusses issues of the tribal interactions living on the borders between North and South Sudan. Foresights are looked for, especially after secession. There are multiple ethnic relations and mutual resources collectively utilized. Different tribes live on those resources, in specifics those who depend on a livelihood of herding cattle, camels, sheep and goats. The conceptions of no-borders, free water resources and open range were entrenched for hundreds of years. The sudden realization of necessities of new borders generates revulsion, sense of deprivation and end of traditional life practice. Additionally, development issues are weak with lack of infrastructure ...


Aspectos Macroeconómicos Do Crescimento Inclusivo, Rodrigo Garcia-Verdu, Victor D. Lledó Jan 2011

Aspectos Macroeconómicos Do Crescimento Inclusivo, Rodrigo Garcia-Verdu, Victor D. Lledó

Rodrigo Garcia-Verdu

No abstract provided.


Local Initiatives And Imf Policies In Quito, Ecuador, Dionissi Aliprantis Jan 2004

Local Initiatives And Imf Policies In Quito, Ecuador, Dionissi Aliprantis

University Avenue Undergraduate Journal of Economics

If we are to define development as an increase in the freedoms people enjoy, then we may move beyond structural adjustments and foreign investment as means to create wealth in Ecuador and Latin America. Although not conclusively documented one way or the other [13], microlending is a promising path towards development from this perspective. At the very least, microlending offers hope to a segment of the population that would otherwise be disenfranchised. In Quito, Ecuador, microlending programs are creating wealth and expanding freedoms in a manner consistent with capitalism, while a good deal of IMF policies extract wealth from the ...