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Assessing The Welfare Effects Of Us Biofuel Policies, Giancarlo Moschini, Harvey Lapan, Jingbo Cui, Joseph Cooper 2010 Iowa State University

Assessing The Welfare Effects Of Us Biofuel Policies, Giancarlo Moschini, Harvey Lapan, Jingbo Cui, Joseph Cooper

Economics Publications

This article assesses the main welfare implications of US policies to support biofuels, with an emphasis on corn-based ethanol. The analysis relies on an open economy, multimarket equilibrium model that links world and domestic energy and agricultural markets and explicitly accounts for the externalities of carbon emissions. The first-best policy in our context entails a carbon tax (implemented with a tax on fuel and a subsidy for ethanol), an import tariff on oil, and an export tax on corn. Although this policy is likely not feasible, we show that a second- best policy with an optimally chosen fuel tax and ...


International Trade In Genetically Modified Products, E. Kwan Choi 2010 Iowa State University

International Trade In Genetically Modified Products, E. Kwan Choi

Economics Publications

This paper investigates competition between two markets that sell close substitutes: a traditional product and a genetically modified (GM) product. Tightening an import quota on the GM product raises the prices of both goods and hurts consumers. Two scenarios are considered under free trade: Cournot–Nash equilibrium and Stackelberg equilibrium. A Stackelberg type monopolist produces more, and the competitive traditional firms produce less, than in Cournot–Nash equilibrium. In the long run, an import ban on the GM product does not help competitive producers of the genetically modified organism (GMO)-free products but benefits only the landowners in Europe.


Prospects For A Rim County Population Rebound: Can Quality Of Place Lure In-Migrants?, David Vail 2010 Bowdoin College

Prospects For A Rim County Population Rebound: Can Quality Of Place Lure In-Migrants?, David Vail

Maine Policy Review

David Vail asks whether population will rebound in Maine’s rural “rim” counties and whether investing to enhance “quality of place” can attract large numbers of rural settlers. Review of the evidence suggests that Maine’s rim counties are not experiencing a population rebound and that rural counties vary greatly in their ability to hold onto existing residents or attract new ones. Vail argues that quality-of-place investments should not be considered as a core development tool for rural areas, but that they can complement traditional rural economic policy measures. Since it is difficult to stimulate a major population movement to ...


Land Use Planning On A Grand Scale: A Decision Maker’S Perspective, E. Bart Harvey III 2010 The University of Maine

Land Use Planning On A Grand Scale: A Decision Maker’S Perspective, E. Bart Harvey Iii

Maine Policy Review

The author of this commentary, who served as a commissioner on the Maine Land Use Planning Commission (LURC) discusses the ground-breaking 400,000-acre concept plan by Plum Creek Corporation for development of the Moosehead Lake region in Maine. The highly-contested plan approved by LURC involves rezoning for hundreds of acres to allow for single family homes and resorts, and sets aside significant acreage in conservation.


How Business Climate And Political Climate Influence Economic Growth And Economic Development In The American States, James H. Black 2010 The University of Maine

How Business Climate And Political Climate Influence Economic Growth And Economic Development In The American States, James H. Black

Electronic Theses and Dissertations

Economist Joseph Schumpeter’s examination into the relationships between business cycles and periods of economic expansion defines the government’s role in markets as limited. However, he viewed government intervention as a precursor to improving the levels of economic growth and expanding an individual’s quality of life. This study examines how measures of business and political climate might explain variations in the level of economic growth and development across the states. Economic growth is gauged from the microeconomic perspective of the individual (per capita income) and from the macroeconomic viewpoint of the state’s economy (gross state product). Economic ...


Governing Gambling In The United States, Maria E. Garcia 2010 Claremont McKenna College

Governing Gambling In The United States, Maria E. Garcia

CMC Senior Theses

The role risk taking has played in American history has helped shape current legislation concerning gambling. This thesis attempts to explain the discrepancies in legislation regarding distinct forms of gambling. While casinos are heavily regulated by state and federal laws, most statutes dealing with lotteries strive to regulate the activities of other parties instead of those of the lottery institutions. Incidentally, lotteries are the only form of gambling completely managed by the government. It can be inferred that the United States government is more concerned with people exploiting gambling than with the actual practice of wagering.

In an effort to ...


An Economic Impact Study Of The "Boom" Period Of Baseball Stadium Redevelopment, Emily McNab 2010 Claremont McKenna College

An Economic Impact Study Of The "Boom" Period Of Baseball Stadium Redevelopment, Emily Mcnab

CMC Senior Theses

The intention of this study is to analyze the economic impact of redeveloped Major League Baseball stadiums opened between 1991 and 2004. Using two empirical models, including an event study, this impact analysis captures the economic conditions of the cities during the opening year of the stadium, as well as the prior conditions leading up to the opening of the stadium, along with any lingering effects or gradual changes in conditions. The impact was measured in relation to the Metropolitan Statistical Areas corresponding to the 18 ballparks included, specifically looking at the impact on employment rates and per capita personal ...


The Effects On A State When They Lose Their Senior Senator, Adam J. Morris 2010 Claremont McKenna College

The Effects On A State When They Lose Their Senior Senator, Adam J. Morris

CMC Senior Theses

The Primary purpose of this paper is to examine the role and importance of Senior Senators in the US Senate. Many states rely on Senators to bring in federal spending in the form of pork. When states lose their Senior Senator and the power they accumulated through increased tenure, they risk losing certain benefits in terms of pork. We use federal expenditures per dollar of tax and analyze how it is affected by Seniority in the Senate. Population, Income, and unemployment rates in each state were controlled for in our regression analysis. It is concluded that increased tenure significantly increases ...


Enhancing Income Opportunities, Rashiel Verlarde, Tomoki FUJII, Ulrich Lächler 2010 Singapore Management University

Enhancing Income Opportunities, Rashiel Verlarde, Tomoki Fujii, Ulrich Lächler

Research Collection School Of Economics

Accelerating growth is essential for poverty reduction. As argued earlier, poverty has failed to decline significantly since the East Asian Crisis due to insufficiently dynamic growth, a high degree of income inequality that reduces the income elasticity of poverty reduction, and an apparent worsening of the income distribution. The first step toward addressing this failure is to accelerate growth, which will not be easy in the short run while the global slowdown continues to run its course. Moreover, even though the global crisis is gradually bottoming out, the post-crisis external environment is likely to be much less favorable than before ...


Moral Markets: The Critical Role Of Values In The Economy By Paul J. Zak (Book Review), Jonathan B. Wight 2010 University of Richmond

Moral Markets: The Critical Role Of Values In The Economy By Paul J. Zak (Book Review), Jonathan B. Wight

Economics Faculty Publications

This volume contains the fruits of a two-year seminar on ethics and economics funded by the John Templeton Foundation and administered through the Gruter Institute for Law and Behavioral Research. Participants came from the social sciences, natural sciences, and humanities, and included Nobel Laureate Vernon Smith and other figures such as Frans de Waal, Herbert Gintis, Robert Frank, and Robert Solomon (for whom the book is dedicated in memoriam). The book’s editor, Paul Zak, is a pioneer in the emerging field of neuroeconomics, which uses medical technology to discover the physiological manifestations of cooperative and altruistic behavior. A theme ...


Bolivia's Coca Headache: The Agroyungas Program, Inflation, Campesinos, Coca And Capitalism In Bolivia, John D. Roberts 2010 University of Massachusetts Amherst

Bolivia's Coca Headache: The Agroyungas Program, Inflation, Campesinos, Coca And Capitalism In Bolivia, John D. Roberts

Masters Theses 1911 - February 2014

Bolivia in the 1980s was wracked by monetary inflation approaching levels of the German Weimar Republic. Immediately following this time of great financial crisis in Bolivia, the U.N. founded a project through the U.N.D.P. to encourage peasant farmers in Bolivia to switch from growing coca (the plant used manufacture cocaine) to growing other cash crops for market. This crop substitution and development program, called the Agroyungas Project, lasted from 1985 to 1991 and is the focus of this study. While many U.N. pundits and journalists considered the program’s initial small successes promising, it has ...


Human Capital In The City: Exploring The Relationship Between Skill And Productivity In Us Metropolitan Areas, Ryan Wallace 2010 University of Massachusetts Amherst

Human Capital In The City: Exploring The Relationship Between Skill And Productivity In Us Metropolitan Areas, Ryan Wallace

Masters Theses 1911 - February 2014

In economics, new growth theory suggests that knowledge creation and innovation are key drivers of growth. As a result, the ‘new economy’ is increasingly reliant upon the knowledge, skills, and abilities embodied in its workforce, also known as human capital, that facilitate the stimulation and generation of new ideas (Romer 1986, 1990 and Lucas 1988). This research contributes to the understanding of the relationship between stocks of human capital and economic output. I construct metrics to measure concentrations of basic worker skills using the Bureau of Labor Statistics Occupational Information Network (O*NET) and employment estimates for 353 US metropolitan ...


Advancing Individual And Societal Development At The Community Level: Role Of Ngo Microcredit And Leadership Training, Denise M. Lucy, Jayati Ghosh, Edward Kujawa 2010 School of Business and Leadership, Dominican University of California

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 and Staff 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 ...


Contribution Of Tertiary Education To Human Capital Development, Labour Market And Skills In The State Of Victoria, Australia, Ellen Hazelkorn 2010 Technological University Dublin

Contribution Of Tertiary Education To Human Capital Development, Labour Market And Skills In The State Of Victoria, Australia, Ellen Hazelkorn

Articles

This chapter examines how effectively TAFE Institutes and universities in the State of Victoria contribute to meeting the social and economic needs of the population in terms of opportunities to study and relevance of the qualifications offered. It identifies some key achievements and areas for improvement. The chapter closes with a series of recommendations that include the need for a greater system approach to tertiary education in order to support sustainable regional development and the role that the State of Victoria can play in this strategy.


Economic Pressure, Parent Personality And Child Development : An Interactionist Analysis, Rand D. Conger, Thomas J. Schofield, Katherine J. Conger, Tricia K. Neppl 2010 University of California, Davis

Economic Pressure, Parent Personality And Child Development : An Interactionist Analysis, Rand D. Conger, Thomas J. Schofield, Katherine J. Conger, Tricia K. Neppl

Human Development and Family Studies Publications

That positive personality characteristics in the youth age of the G2 would predict less economic stresses in the adult age. At the same time, these positive personality traits were expected to stop the negative family processes that are likely to hinder a competent development in G3. The findings were consistent with the selection aspect in the interactionist model. The model also said beforehand that economic stress and other family-related stress processes influenced the development of G3 over the earlier G2 personality. The socialization aspect in the interactionist model thus also received support. However,

The findings were consistent with this social ...


Economies Of Scope For Microfinance: Differences Across Output Measures, Valentina Hartarska, christopher parmeter, Denis Nadolynak, Beibei Zhu 2009 Auburn University Main Campus

Economies Of Scope For Microfinance: Differences Across Output Measures, Valentina Hartarska, Christopher Parmeter, Denis Nadolynak, Beibei Zhu

Christopher F. Parmeter

In banking, scope economies of mobilizing deposits and lending are often estimated, while consideration of the same measures for microfinance institutions (MFI) is still in its infancy. An open issue remains regarding what characterizes an output of an MFI. Moreover, depending on the output used, do estimated scope economies differ? We use a novel data set for over 800 MFI across more than 70 countries to estimate economies of scope. Our findings suggest that statistical differences arise between estimates of scope economies. However, our qualitative findings indicate that both of these measures provide similar overviews of the landscape of scope ...


Market Power, Eu Integration And Privatization: The Case Of Romania, Gabriel Asaftei, christopher parmeter 2009 University of Miami

Market Power, Eu Integration And Privatization: The Case Of Romania, Gabriel Asaftei, Christopher Parmeter

Christopher F. Parmeter

This paper investigates the effects on pricing behavior of firms in a transition economy resulting from integration into the European Union’s Common Market and changes in ownership. We use a semiparametric model with a rich panel of manufacturing firms in Romania from 1995 to 2003 to estimate firm-level markups. We find that markups are higher in more concentrated industries and less exposed to foreign competition. Trade integration appears to generally increase competitive pressure on markups. Industries exposed to more international competition experience a larger change in markups following integration into the European Union’s Common Market. However, as the ...


A Distributional Analysis Of Public Private Wage Differential In India, Mehtabul Azam, Nishith Prakash 2009 World Bank

A Distributional Analysis Of Public Private Wage Differential In India, Mehtabul Azam, Nishith Prakash

Nishith Prakash

We investigate the public-private wage differential in India using nationally representative micro data. While the existing literature focuses on average wage differential, we study the differences in the wage distributions. The raw wage differential between public and private sector is positive across the entire distribution for both genders irrespective of area of residence. A quantile regression based decomposition analysis reveals that the differences in observed characteristics (covariate effect) account for only a small part of the wage differential at lower quantiles, but a larger part at higher quantiles. At the very top of the distribution, covariate effects account for a ...


Which Hedonic Models Can We Trust To Recover The Marginal Willingness To Pay For Environmental Amenities?, Nicolai Kuminoff, christopher parmeter, Jaren Pope 2009 Arizona State University

Which Hedonic Models Can We Trust To Recover The Marginal Willingness To Pay For Environmental Amenities?, Nicolai Kuminoff, Christopher Parmeter, Jaren Pope

Christopher F. Parmeter

The hedonic property value model is among our foremost tools for evaluating the economic consequences of policies that target the supply of local public goods, environmental services, and urban amenities. We design a theoretically consistent and empirically realistic Monte Carlo study of whether omitted variables seriously undermine the method’s ability to accurately identify economic values. Our results suggest that large gains in accuracy can be realized by moving from the standard linear specifications for the price function to a more flexible framework that uses a combination of spatial fixed effects, quasi-experimental identification, and temporal controls for housing market adjustment


The Returns To English-Language Skills In India, Mehtabul Azam, Aimee Chin, Nishith Prakash 2009 World Bank

The Returns To English-Language Skills In India, Mehtabul Azam, Aimee Chin, Nishith Prakash

Nishith Prakash

No abstract provided.


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