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The Consequences Of Increasing Ocean Acidification On Local And Global Fishing Industries, Alyson N. Stark 2010 Claremont McKenna College

The Consequences Of Increasing Ocean Acidification On Local And Global Fishing Industries, Alyson N. Stark

CMC Senior Theses

As human activities continue to generate accelerating levels of carbon dioxide emissions, the world’s oceanic resources are threatened by variability in seawater chemistry, known as ocean acidification. Recent increases in atmospheric carbon dioxide have resulted in decreased carbonate ion concentrations and ocean pH levels, leading to increasingly acidic waters. The exact consequences of these chemical changes on ecosystems and individual species are difficult to predict; however, research has shown that economically valuable calcifying species will experience reduced reproductive fitness and population declines. Ocean acidification, therefore, poses an immediate risk to both fish stocks and fishery industries. From a local ...


Integrated Overview, Case-Studies And Analysis: Income Inequality In Latin America, Post-1980, Aaron R. Campbell 2010 Claremont McKenna College

Integrated Overview, Case-Studies And Analysis: Income Inequality In Latin America, Post-1980, Aaron R. Campbell

CMC Senior Theses

This thesis provides an integrated overview on the historical and contemporary literature dedicated to the study of within-country income inequality in Latin America.

The central hypothesis of this report is that there are underlying factors that drive the persistent levels of high within-country inequality experienced by Latin American countries. We study two countries, Brazil and Bolivia, through the process of reform and growth, and note the effects on the labor markets.

Using all available statistics and the wealth of knowledge compiled since the early 1980s, this study identifies those trends, and the factors that cause them to reappear in numerous ...


Pricing Bond Yields In The European Bond Market, David Cook 2010 Claremont McKenna College

Pricing Bond Yields In The European Bond Market, David Cook

CMC Senior Theses

This paper analyzes macroeconomic factors and their effect on 2-year government bonds of 11 countries in the European Monetary Union. I specifically looked at how a simultaneous budget and trade surplus effect a country's bond yield spread relative to Germany's bond yield. My model showed that double surplus countries have a larger yield spread than countries that do not have a double surplus.


Capm In Up And Down Markets: Evidence From Six European Emerging Markets, Jianhua Zhang, Clas Wihlborg 2010 University of Gothenburg

Capm In Up And Down Markets: Evidence From Six European Emerging Markets, Jianhua Zhang, Clas Wihlborg

Business Faculty Articles and Research

The pricing of equity in six European emerging capital markets is analysed using both the conventional CAPM and a ‘conditional’ CAPM wherein up and down markets are separated. International influences on the stock markets are also analysed. The empirical evidence from a sample of 1,131 firms from the six markets indicates that there exists a significant relationship between beta and returns when up and down markets are separated. The international CAPM performs well in some markets that have become increasingly integrated with the world market. The general implication of the analysis is that beta can be a useful risk-measure ...


Endogenous Oca (Optimum Currency Area) Analysis And The Early Euro Experience, Thomas D. Willett, Orawan Permpoon, Clas Wihlborg 2010 Claremont Graduate University

Endogenous Oca (Optimum Currency Area) Analysis And The Early Euro Experience, Thomas D. Willett, Orawan Permpoon, Clas Wihlborg

Business Faculty Articles and Research

Some have argued that the endogenous responses to the formation of a currency area are so strong that one need not worry about optimum currency area conditions ex ante. We argue that this is much too strong a conclusion. We draw on a number of recent studies to evaluate the endogeneity experiences of the eurozone in three major areas; trade flows, business cycle synchronisation and structural reforms to improve labour and product market flexibility. Simple before-and-after comparisons are insufficient for analysis of endogeneity. The experiences of non-euro Western European economies suggest that broader trends also had considerable influence on trade ...


The Impact Of Monetary Regimes On International Trade Are Eu Experiences Relevant For Asia?, Apanard P. Angkinand, Clas Wihlborg 2010 Milken Institute

The Impact Of Monetary Regimes On International Trade Are Eu Experiences Relevant For Asia?, Apanard P. Angkinand, Clas Wihlborg

Business Faculty Articles and Research

We extend much research that has been devoted to the effects of the European Monetary Union (EMU) on international trade by introducing monetary regime variables in bilateral export equations with the objective of capturing the effects on trade of changes in monetary regimes relative to the pure EMU effects. To make the analysis relevant from an Asian perspective trade effects of the EU’s internal markets are also separated from EMU effects. To identify these different effects we include three groups of countries in our sample: EMU countries which are also members of the EU, EU countries outside the EMU ...


Missing Pieces: A New Report To Congress Details Biases And Gaps In Economic Statistics Resulting From Globalization, Susan N. Houseman 2010 W.E. Upjohn Institute

Missing Pieces: A New Report To Congress Details Biases And Gaps In Economic Statistics Resulting From Globalization, Susan N. Houseman

Employment Research Newsletter

No abstract provided.


Illusions Of Market Paradise: State, Business, And Economic Reform In Post-Socialist Russia And Post-1980s Crisis Argentina, Jeffrey K. Hass, Gastón J. Beltrán 2010 University of Richmond

Illusions Of Market Paradise: State, Business, And Economic Reform In Post-Socialist Russia And Post-1980s Crisis Argentina, Jeffrey K. Hass, Gastón J. Beltrán

Sociology and Anthropology Faculty Publications

The 1980s and early 1990s were characterized by sweeping, radical neoliberal, monetarist-inspired economic reforms designed to correct financial or structural crises. Latin American countries initiated the wave, followed by Eastern Europe and the former USSR, although the timing, scope, and policies varied. Often one reads accounts of friends and foes of reform lined up to do battle in domestic and international alliances. However, reform processes and outcomes do not always follow the formula of reformers versus conservatives; there is more to the balance of power than these all-too-common accounts would suggest. Industrial managers in the Soviet Union and post-Soviet Russia ...


Over-Nutrition And Changing Health Status In High Income Countries, Wallace E. Huffman, Sonya K. Huffman, Kyrre Rickertsen, Abebayehu Tegene 2010 Iowa State University

Over-Nutrition And Changing Health Status In High Income Countries, Wallace E. Huffman, Sonya K. Huffman, Kyrre Rickertsen, Abebayehu Tegene

Economics Publications

As per capita incomes in developed countries have grown over the past three decades, overnutrition leading to obesity and elevated health risks for cardiovascular disease, diabetes and some forms of cancer has occurred. We use economic and econometric models to identify the impact of food prices on the aggregate demand for calories and the supply of health, as reflected in mortality rates. Our models are fitted to unique panel data for 18 developed countries over 1971-2001, a period when the relative price of food first rose and then declined steadily. Some findings, using de-trended data, are that a lower real ...


Tariff-Rate Quotas, Rent-Shifting And The Selling Of Domestic Access, Bruno Larue, Harvey E. Lapan, Jean-Philippe Gervais 2010 Universite Laval

Tariff-Rate Quotas, Rent-Shifting And The Selling Of Domestic Access, Bruno Larue, Harvey E. Lapan, Jean-Philippe Gervais

Economics Publications

Tariff-rate quotas (TRQs) have replaced quotas at the end of the Uruguay Round. We analyze TRQs when a foreign firm competes against a domestic firm in the latter's market. Our benchmark is the strategic rent-shifting tariff. We show that the domestic price-equivalent TRQ is a better instrument welfare-wise, as it can extract all of the rents from the foreign firm. We show that different pairs of within-quota tariff and quota can support full rent extraction. The implication is that reduction of the former and enlargement of the latter, holding the above-quota tariff constant, may have no liberalizing effects. The ...


Trade, Foreign Direct Investment, Privatization, And Economic Growth, Hang Thu Nguyen 2010 University of Colorado at Boulder

Trade, Foreign Direct Investment, Privatization, And Economic Growth, Hang Thu Nguyen

Economics Graduate Theses & Dissertations

This thesis tries to enhance our understanding of the role of trade liberalization as it relates to economic growth and the factors affecting trade liberalization in various countries. In addition, this thesis deals with the problem of endogeneity with various econometric methods.

Chapter 2 presents a study of the impact of trade liberalization policy on economic growth with the simultaneous application of privatization policy in 25 transitional countries. The analysis applies two stage least squares (2SLS) to panel data from 1994 to 2006 for these 25 countries. The estimated results provide evidence of a significantly positive effect of both trade ...


Proliferation Of Tail Risks And Policy Responses In The Eu Financial Markets, Lucjan Orlowski 2010 Sacred Heart University

Proliferation Of Tail Risks And Policy Responses In The Eu Financial Markets, Lucjan Orlowski

WCBT Faculty Publications

This study draws attention to the proliferation of tail risks in financial markets prior to and during the course of the recent global financial crisis. It examines the level of tail risks in selected equity, interbank lending and foreign exchange markets in selected EU Member States in relation to the United States. The extent of tail risks is assessed by applying general error distribution (GED) parameterization in GARCH volatility tests of the examined variables. The empirical tests prove that tail risks were pronounced across all of the examined European financial markets throughout the crisis. They were also significant prior to ...


Exchange Rate Pass Through Into Domestic Prices In Mainland China, Xiangyu Zhang 2010 Edith Cowan University

Exchange Rate Pass Through Into Domestic Prices In Mainland China, Xiangyu Zhang

Theses : Honours

The present study sets up an empirical framework to study the exchange rate pass through (ERPT) issue in China's domestic markets, within the Chinese economic reform period from 1978 till present. The results show a relative low degree of pass-through to consumer and retail prices, but high degree of pass-through to producer and purchasing prices. It suggests that the degree of ERPT tends to diminish along the price chain. In addition, the results also show an increasing trend of the degree of ERPT in recent years. The speed of price reaction to exchange rate shocks may be quicker in ...


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 ...


A Meta-Analysis Of The Impact Of Technical Barriers To Trade, Yuan Li, John Beghin 2010 Iowa State University

A Meta-Analysis Of The Impact Of Technical Barriers To Trade, Yuan Li, John Beghin

Economics Working Papers (2002–2016)

A meta-analysis explains the variation in estimated trade effects of technical barriers to trade broadly defined, using available estimates from the empirical international trade literature, and accounting for data sampling and methodology differences. Agriculture and food industries tend to be more impeded by these barriers than other sectors. SPS regulations on agricultural trade flows from developing exporters to high-income importers tend to impede trade. Controlling for “multilateral resistance” lowers the propensity to find that these policies impede trade. Estimations correcting endogeneity by using panel data and time fixed effect yield more negative (or less positive) trade effects of technical measures.


Fapri 2010 U.S. And World Agricultural Outlook, Miguel Carriquiry, Fengxia Dong, Xiaodong Du, Amani E. Elobeid, Jacinto F. Fabiosa, Chad Hart, Dermot J. Hayes, Karen Kovarik, Kranti Mulik, Eric Wailes, Ed Chavez, Marcelo Moreira, Julian Binfield, D. Scott Brown, Scott Gerlt, Daniel Madison, Seth Meyer, William H. Meyers, Wyatt Thompson, Patrick C. Westhoff, Lori Wilcox, Abner W. Womack 2010 Iowa State University

Fapri 2010 U.S. And World Agricultural Outlook, Miguel Carriquiry, Fengxia Dong, Xiaodong Du, Amani E. Elobeid, Jacinto F. Fabiosa, Chad Hart, Dermot J. Hayes, Karen Kovarik, Kranti Mulik, Eric Wailes, Ed Chavez, Marcelo Moreira, Julian Binfield, D. Scott Brown, Scott Gerlt, Daniel Madison, Seth Meyer, William H. Meyers, Wyatt Thompson, Patrick C. Westhoff, Lori Wilcox, Abner W. Womack

FAPRI Staff Reports

The FAPRI 2010 U.S. and World Agricultural Outlook presents projections of world agricultural production, consumption, and trade under average weather patterns, existing farm policy, and policy commitments under current trade agreements and custom unions. The outlook uses a macroeconomic forecast developed by IHS Global Insight.


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.


Agricultural Trade Liberalization And Downstream Market Power: The Ad Valorem Case, Mohammad Mainul Hoque, John R. Schroeter 2010 Iowa State University

Agricultural Trade Liberalization And Downstream Market Power: The Ad Valorem Case, Mohammad Mainul Hoque, John R. Schroeter

Economics Publications

Exports of agricultural commodities to developed countries play a significant role in the economies of many developing countries. The elimination of import tariffs has the potential to benefit producers in the developing countries, but estimates of the extent of the gains from trade liberalization typically assume perfect competition. Significant concentration in the food processing and retailing sectors of the U.S. and the EU undermine the plausibility of this assumption in the case of agricultural trade, however. Sexton, Sheldon, McCorriston, and Wang (2007) develop a model of the effects of trade liberalization that accounts for the vertically-linked and concentrated characteristics ...


How Does Foreign Direct Investment Affect Growth In Developing Countries? An Empirical Investigation, E. M. Ekanayake, John R. Ledgerwood 2010 Bethune-Cookman University

How Does Foreign Direct Investment Affect Growth In Developing Countries? An Empirical Investigation, E. M. Ekanayake, John R. Ledgerwood

Publications

This paper analyzes the effects of foreign direct investment on the economic growth of developing countries. The study uses annual data on a group of 85 developing countries covering Asia, Africa, and Latin America and the Caribbean for the period 1980-2007. We explore the hypothesis that foreign direct investment can promote growth in developing countries. We test this hypothesis using panel data series for foreign direct investment, while accounting for regional differences in Asian, African, Latin American, and the Caribbean countries as well as the differences in income levels. While the findings of previous studies are generally mixed, our results ...


The Corporate Income Tax And The Competitiveness Of U.S. Industries, Michael S. Knoll 2010 University of Pennsylvania Law School

The Corporate Income Tax And The Competitiveness Of U.S. Industries, Michael S. Knoll

Faculty Scholarship at Penn Law

Hit hard by the financial crisis and recession, U.S. auto producers are seeking a massive bailout from the U.S. Congress. Many reasons are given for the U.S. auto industry’s lack of competitiveness including the U.S. corporate income tax. Although it is regularly asserted that there is a direct connection between the corporate income tax and competitiveness, what that connection is has not been carefully spelled out. In this essay, I describe how the corporate income tax directly harms the competitiveness of U.S. industries. I show that the mechanism differs depending upon whether the U ...


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