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Essays In International Economics: Decomposing Episodes Of Large Growth In International Trade, Brandon K. Malloy 2017 The University of Western Ontario

Essays In International Economics: Decomposing Episodes Of Large Growth In International Trade, Brandon K. Malloy

Electronic Thesis and Dissertation Repository

My thesis consists of three chapters relating to topics in International Economics. In the first essay, I use bilateral trade data from Canada, Germany, Japan, Mexico, the U.S. and the U.K. to decompose the patterns of trade growth across various goods classifications during episodes of rapid growth in bilateral trade. I find that bilateral trade growth during these episodes is granular- less than 5\% of goods classifications account for over 65\% of overall bilateral trade growth. I quantitatively assess whether ``Melitz-style" trade models, with heterogeneous productivity firms, CES demand and fixed and variable costs of exporting, can match ...


Network Effects On Labor Contracts Of Internal Migrants In China- A Spatial Autoregressive Model, Badi H. Baltagi, Ying Deng, Xiangjun Ma 2017 Syracuse University

Network Effects On Labor Contracts Of Internal Migrants In China- A Spatial Autoregressive Model, Badi H. Baltagi, Ying Deng, Xiangjun Ma

Center for Policy Research

This paper studies the fact that 37 percent of the internal migrants in China do not sign a labor contract with their employers, as revealed in a nationwide survey. These contract-free jobs pay lower hourly wages, require longer weekly work hours, and provide less insurance or on-the-job training than regular jobs with contracts. We find that the co-villager networks play an important role in a migrant’s decision on whether to accept such insecure and irregular jobs. By employing a comprehensive nationwide survey in 2011 in the spatial autoregressive logit model, we show that the common behavior of not signing ...


Privately Issued Money In The Us, Matthew Jaremski 2017 Colgate University

Privately Issued Money In The Us, Matthew Jaremski

Economics Faculty Working Papers

In recent years, there has been a revival of privately issued money. Due to the general lack of successful or even widely circulating private currency, it can be challenging to get a clear view of its efficiency using modern data. The U.S. historical period, however, offers a unique environment to examine the topic as private bank money made up a sizable portion of the money supply. Moreover, the period presents a wide range of regulation, including spans with and without the presence of a central bank or monetary authority. This chapter begins by highlighting the general history of privately ...


Nebraska Business And Consumer Confidence Indexes: September 1, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Business And Consumer Confidence Indexes: September 1, 2017, Eric Thompson

Leading Economic Indicator Reports

Nebraska’s consumer and business confidence fell during August. The Consumer Confidence Index – Nebraska (CCI-N) stood at 100.9 in August, below the reading of 102.5 from July. Notably, the CCI-N remained above the neutral value of 100.0 during August. The outlook of Nebraska businesses remained strong. The Business Confidence Index – Nebraska (BCI-N) stood at 104.2 in August, close to the value of 105.1 during July, and well above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 35 percent of business respondents. Businesses ...


Three Essays On The European Sovereign Debt Crisis With A Special Focus On Greece, Flora Leventi 2017 The Graduate Center, City University of New York

Three Essays On The European Sovereign Debt Crisis With A Special Focus On Greece, Flora Leventi

All Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters where I examine several aspects of the European sovereign debt crisis. The first chapter focuses on systemic risk. Following the financial crisis of 2007-08, both in academic as well as policy circles, much of the research has focused toward the systemic importance of financial institutions. Parallel to that research, but to somewhat lesser extent, there have been improvements in our understanding of how risk is transmitted from the financial system to the real economy. This chapter investigates a related yet distinct manifestation of systemic risk, namely systemic sovereign risk. Using data on sovereign credit ...


Essays On Growth And Input Misallocation In China, Wenya Wang 2017 The University of Western Ontario

Essays On Growth And Input Misallocation In China, Wenya Wang

Electronic Thesis and Dissertation Repository

My thesis consists of three chapters that contribute to the study of input misallocation and TFP growth in China.

In Chapter 2, I compare the misallocation of intermediate goods to those of capital and labor, which have been extensively studied in the literature. To measure misallocation, I compute the dispersion of marginal products of intermediate goods across firms, and the potential output gains by eliminating this dispersion in China Industrial Enterprise Survey (CIES) data. Although the within-industry dispersion of marginal products of intermediates is smaller than that of capital and labor, gross output and value added gains from reallocating intermediate ...


Nebraska Monthly Economic Indicators: August 23, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Monthly Economic Indicators: August 23, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 0.56% during July of 2017. The increase in the LEI-N, which is designed to predict economic activity six months into the future, suggests that the Nebraska economy will grow through the first month of 2018. Four components of the indicator improved during July. Business expectations were solid and manufacturing hours grew. The value of the U.S. dollar continued its recent decline, a positive sign for Nebraska’s export-oriented businesses. Further, in a positive sign for the labor market, there also was a drop in initial claims for unemployment insurance ...


Nebraska Business And Consumer Confidence Indexes: August 4, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Business And Consumer Confidence Indexes: August 4, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer and business confidence remained strong in Nebraska during July but fell from June levels. The Consumer Confidence Index – Nebraska (CCI-N) stood at 102.5 in July after a reading of 104.7 during June. Despite the decline of 2.2, the CCI-N remained above the neutral value of 100.0, indicating strong consumer confidence. The outlook of Nebraska businesses also was strong. The Business Confidence Index – Nebraska (BCI-N) fell to 105.1 in July from 109.2 in June. The BCI-N remained well above the neutral value in July, despite the 4.1 point decline, which indicates that business ...


Quantitative Easing: Money Supply And The Commodity Prices Of Oil, Gold, And Wheat, Aaron Kasteler 2017 Utah State University

Quantitative Easing: Money Supply And The Commodity Prices Of Oil, Gold, And Wheat, Aaron Kasteler

All Graduate Plan B and other Reports

The recent financial crisis has raised awareness among the public regarding the role the Federal Reserve has in the broader economy, primarily as it pertains to overall price levels, and especially to commodities. Has the implementation of quantitative easing had an effect on underlying commodity prices and, if so, to what degree? Specifically, has the rise in the money supply created a subsequent rise in prices that are transferred onto the end consumer? This paper surveys the recent empirical evidence of the policy of quantitative easing as it relates to the money supply and commodity prices. It then uses this ...


Essays On Debt In Macroeconomics, James G. Partridge 2017 The University of Western Ontario

Essays On Debt In Macroeconomics, James G. Partridge

Electronic Thesis and Dissertation Repository

My dissertation consists of three chapters, where the common theme among them is debt and saving. My work contributes to our understanding of how debt markets function for entrepreneurs, large corporations and households.

The first chapter studies how entrepreneurs used personal borrowing to fund their businesses during the Great Recession. One of the defining characteristics of this period was a “credit crunch” during which the supply of credit dropped for all borrowers. I show that changes in the finances of entrepreneurs between 2007 and 2009 are consistent with entrepreneurs using personal assets to secure lending for their businesses and overcome ...


The Relative Importance Of Macroeconomic Shocks, Regional Shocks And Idiosyncratic Risk On Large And Small Banks, Jack R. Fischer, Joseph E. McPhail, Nathan Rodrigues, Peter Orazem 2017 Iowa State University

The Relative Importance Of Macroeconomic Shocks, Regional Shocks And Idiosyncratic Risk On Large And Small Banks, Jack R. Fischer, Joseph E. Mcphail, Nathan Rodrigues, Peter Orazem

Economics Working Papers

Mandatory stress testing has been acclaimed by banking regulators as a key response to preventing future financial crises. Each year banks in the United States with over $50 Billion in assets must perform a Comprehensive Capital Analysis and Review (CCAR) . Banks with over $10 Billion are subject to Dodd-Frank Act Stress Testing (DFAST). This study examne the relative importance of international or national macroeconomic shocks, state-level shocks, and idiosyncratic shocks on mortgage rate charge-offs for the universe of all banks for the 2002-2014 period. We find tha banks with over $10 billion in assets have charge-off rates that are very ...


Nebraska Business And Consumer Confidence Indexes: July 7, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Business And Consumer Confidence Indexes: July 7, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer confidence rose sharply in Nebraska during June 2017 while business confidence remained very strong. The Consumer Confidence Index – Nebraska (CCI-N) stood at 100.4 in May but rose to 104.7 during June, which is well above the neutral value of 100.0. The outlook of Nebraska businesses remained very strong. The Business Confidence Index – Nebraska (BCI-N) fell to 109.2 in June, well above the neutral value and just below its May value of 110.2. Business confidence has been very strong in Nebraska throughout the first half of 2017. When asked about the most important issue facing ...


Growing Through The Merger And Acquisition, Jianhuan XU 2017 Singapore Management University

Growing Through The Merger And Acquisition, Jianhuan Xu

Research Collection School Of Economics

The paper studies with an endogenous growth model how the merger and acquisition (M&A) affects the aggregate growth rate. We model the M&A as a capital reallocation process, which can increase both productivity and growth rates of firms. The model is tractable and greatly consistent with patterns observed in the M&A at the micro level. Matching our model to the data, we find that prohibiting the M&A would lead to the reduction of the aggregate growth rate of US economy by 0.1% and the reduction of the aggregate TFP by 5%.


Nebraska Monthly Economic Indicators: June 21, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Monthly Economic Indicators: June 21, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.51% during May of 2017. This is the second consecutive monthly decline in the LEI-N. The declines followed three months of rapid increase from January through March of 2017. Taken together, the LEI-N values imply a moderation in economic growth in Nebraska in late 2017 after strong growth midyear. Among the components of the indicator, business expectations were strong during May while the value of the U.S. dollar fell, which is a positive sign for Nebraska’s export-oriented businesses. However, manufacturing hours, building permits and airline passen


A Review On Literature Of Waqf For Poverty Alleviation Between 2006-2016, Nur Atikah Atan, Fuadah Johari 2017 Universiti Sains Islam Malaysia

A Review On Literature Of Waqf For Poverty Alleviation Between 2006-2016, Nur Atikah Atan, Fuadah Johari

Library Philosophy and Practice (e-journal)

Background - The success of Waqf as a source of socio-economic financing in Islamic history in developing a country by providing the social and public goods to the society have been a major factor for Waqf practices to be retrieved back today. In order to exterminate the poverty, depending in Zakat alone is not enough. Waqf can be an alternative in solving the socio-economic problem of the Ummah which covers the issues such as poverty, inequality and rising cost of living as well in promoting the social well-being in the society. Purpose - The purpose of this article is to analyze the ...


Living With Robots: Automation And Income Inequality In The 21st Century, Michael Dickson 2017 University of Washington Tacoma

Living With Robots: Automation And Income Inequality In The 21st Century, Michael Dickson

Global Honors Theses

The increasingly automated nature of manufacturing and service industries poses difficulties a majority of the world’s employed population. This creates an automative industrial revolution driven by advanced computing systems and increasingly independent robotic technologies. Losing employment in industrial revolutions such as this one poses threats to the established population. The replacement of obsolete work with new, more valuable work has not been observed in this case, presenting the problem of extreme unemployment to the nations of the world that was not a problem in past industrial revolutions. In order to counter the effects of mass unemployment, several groups have ...


Three Essays On International Trade And Finance, Syed A. Uddin 2017 Florida International University

Three Essays On International Trade And Finance, Syed A. Uddin

FIU Electronic Theses and Dissertations

This dissertation is composed of three essays at the intersection of international trade and finance. In the first chapter, I measure exchange rate pass-through (ERPT) for value-added exports, where intermediate input requires sharing among countries in a back-and-forth manner for producing a single final product. I derive an estimating equation for ERPT and value-added trade following a partial equilibrium model, which also leads to decomposition of the trade elasticity into the own price effect and the price index effects. From the empirical estimation, I find that ignoring the value-added trade will cause a systematic upward bias in the estimation of ...


Up, Down And Reciprocal: The Dynamics Of Intergenerational Transfers, Family Structure And Health In A Low-Income Context, Collin F. Payne, Luca Maria Pesando, Hans-Peter Kohler 2017 Harvard University

Up, Down And Reciprocal: The Dynamics Of Intergenerational Transfers, Family Structure And Health In A Low-Income Context, Collin F. Payne, Luca Maria Pesando, Hans-Peter Kohler

Population Center Working Papers (PSC/PARC)

In the absence of well-functioning public transfer systems and safety nets, the family acts as the key provider of income and support through the intergenerational redistribution of resources. In this paper we use micro-level longitudinal data and a mix of methodologies to document the lifecycle patterns of financial transfers in a rural, sub-Saharan African population. Underneath a well-established age-pattern of intergenerational transfers in which transfer patterns change according to broad stages of the economic life cycle, our analyses document significant heterogeneity and fluidity: Intergenerational transfers are variable and reverse their direction, with individuals moving between the provider and recipient states ...


More Balanced Economic Growth, Eric Thompson 2017 University of Nebraska-Lincoln

More Balanced Economic Growth, Eric Thompson

Business in Nebraska

There has been a re-balancing of both global and domestic economic growth during 2017. Globally, growth is improving in Europe and China, yielding more balanced international growth. Within the United States, growth also has become more balanced across industries. As in past years, the service sector, supported by growth in employment and real wages, has grown steadily with increases in retail trade, business services, personal services and construction activity. However, in recent months, there also has been improved growth in the industrial sector, with a rebound in the energy sector, and more business investment in capital equipment. The result is ...


Nebraska Business And Consumer Confidence Indexes: June 2, 2017, Eric Thompson 2017 University of Nebraska-Lincoln

Nebraska Business And Consumer Confidence Indexes: June 2, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer confidence fell in Nebraska during May 2017 while business confidence remained very strong. The Consumer Confidence Index – Nebraska (CCI-N) fell to roughly neutral during May. The CCI-N stood at 102.5 in April but fell to 100.4 during May, which is only slightly above the neutral value of 100.0. The outlook of Nebraska businesses remained very strong. The Business Confidence Index – Nebraska (BCI-N) rose to 110.2 in May, above its April value of 109.1 and well above the neutral value. Business confidence has been very strong in Nebraska during the first five months of 2017 ...


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