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Pages
- Title
- Analysis of the effects of local land use legislation and monetary policy on real estate development.
- Creator
- Kirkpatrick, Blake Wilson., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
Countless studies have been conducted to determine how the real estate market reacts to the economy. The most accurate studies contemplate both macroeconomic and microeconomic variables simultaneously. In analyzing real estate markets, both monetary policy and regional factors must be examined to obtain an accurate portrayal of both national and local trends. One regional factor that has affected all real estate markets, especially in the southern states, is local land use legislation. Due to...
Show moreCountless studies have been conducted to determine how the real estate market reacts to the economy. The most accurate studies contemplate both macroeconomic and microeconomic variables simultaneously. In analyzing real estate markets, both monetary policy and regional factors must be examined to obtain an accurate portrayal of both national and local trends. One regional factor that has affected all real estate markets, especially in the southern states, is local land use legislation. Due to rapid increases in population, various states have enacted growth management policies to ensure stable expansion within their regions. This study utilizes data for Broward County, Florida, to assess the impact of land use legislation on the local real estate market in comparison to macroeconomic variables. The empirical results clearly demonstrate that legislation can exert a greater influence on local housing market activity during certain periods than can macroeconomic factors such as interest rates.
Show less - Date Issued
- 1995
- PURL
- http://purl.flvc.org/fcla/dt/15224
- Subject Headings
- Real estate development--Florida--Broward County, Land use--Law and legislation, Real estate development--Law and legislation
- Format
- Document (PDF)
- Title
- THE NEUTRALITY OF MONETARY POLICY IN A GROWING ECONOMY.
- Creator
- KOLTSIDOPOULOS, PANAGIOTIS THEODOROS., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
In economic theory, the question has regularly arisen as to how far the growth rate of the money supply and the rate of inflation could influence the development of the economy in the long run. This concentrates basically to the question whether money - dynamically considered - is neutral or not. We intend to review in this study the present state of monetary theory as it appears from the literature. We shall be focusing on the question whether money maintains the feature of neutrality in a...
Show moreIn economic theory, the question has regularly arisen as to how far the growth rate of the money supply and the rate of inflation could influence the development of the economy in the long run. This concentrates basically to the question whether money - dynamically considered - is neutral or not. We intend to review in this study the present state of monetary theory as it appears from the literature. We shall be focusing on the question whether money maintains the feature of neutrality in a framework of growth theory.
Show less - Date Issued
- 1980
- PURL
- http://purl.flvc.org/fcla/dt/14039
- Subject Headings
- Monetary policy
- Format
- Document (PDF)
- Title
- Evaluations and comparisons of exchange rate models and regimes: A survey of recent economic literature.
- Creator
- Marcotte, Roland Tennis., Florida Atlantic University, Redmon, Milton, College of Business, Department of Economics
- Abstract/Description
-
This thesis examines two alternative solutions for alleviating the exchange rate risk associated with increased exchange rate volatility following the adoption of a floating rate regime in 1973. Evidence concerning the potential deleterious effects of volatile exchange rates on trade and investment is examined. Studies which utilize models for predicting exchange rate movements in order to manage exchange rate risk are reviewed. Modeling is found to offer some explanatory but little...
Show moreThis thesis examines two alternative solutions for alleviating the exchange rate risk associated with increased exchange rate volatility following the adoption of a floating rate regime in 1973. Evidence concerning the potential deleterious effects of volatile exchange rates on trade and investment is examined. Studies which utilize models for predicting exchange rate movements in order to manage exchange rate risk are reviewed. Modeling is found to offer some explanatory but little predictive ability primarily because expectations enter the model as a key determinant of short-run fluctuations. Evaluation of the alternative solution, which would replace floating rates with a fixed or semi-fixed system, concludes that present theoretical and empirical knowledge does not permit a definitive judgment on the workability and on the potential costs relative to the expected benefits of decreased exchange rate volatility under fixed or semi-fixed system.
Show less - Date Issued
- 1989
- PURL
- http://purl.flvc.org/fcla/dt/14528
- Subject Headings
- Foreign exchange--Mathematical models
- Format
- Document (PDF)
- Title
- THE FOREIGN EXCHANGE CONSTRAINT ON THE ECONOMIC DEVELOPMENT OF IRAN (1965-74).
- Creator
- ERFANI-EZATI, GOSHTASB., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis focuses on the foreign exchange constraint on the economic development. An analysis of the foreign exchange constraint on the economic development of Iran was made for the 1965-73 period. An econometric model was constructed and estimated. It was found that the prediction of the two-gap model was confirmed for Iran during the 1960's, i.e. the supply of foreign exchange was the major constraint on Iran's growth during the sample period.
- Date Issued
- 1976
- PURL
- http://purl.flvc.org/fcla/dt/13802
- Subject Headings
- Foreign exchange--Iran, Iran--Economic conditions--1945-1979
- Format
- Document (PDF)
- Title
- Hong Kong's monetary control system.
- Creator
- Tang, Stanley C., Florida Atlantic University, Hung, Chao-shun, College of Business, Department of Economics
- Abstract/Description
-
This thesis is a study of the monetary control system in Hong Kong. One unique feature of that system is that it is without a central bank. Most economists have supposed that a monetary system without a central bank will be subject to price instability and inflation. The Hong Kong situation suggests that this need not be the case. Hong Kong's unique combination of bank and government controlled monetary practice provides an alternative way to accomplish the kind of monetary control that is...
Show moreThis thesis is a study of the monetary control system in Hong Kong. One unique feature of that system is that it is without a central bank. Most economists have supposed that a monetary system without a central bank will be subject to price instability and inflation. The Hong Kong situation suggests that this need not be the case. Hong Kong's unique combination of bank and government controlled monetary practice provides an alternative way to accomplish the kind of monetary control that is found in economies with a central bank, like that in the United States. However, Hong Kong's monetary system is not without certain problems which could be remedied by corrective legislation but will in all probability be fundamentally changed after 1997 when Hong Kong passes into the control of China.
Show less - Date Issued
- 1990
- PURL
- http://purl.flvc.org/fcla/dt/14670
- Subject Headings
- Monetary policy--Hong Kong, Money--Hong Kong
- Format
- Document (PDF)
- Title
- AN INVESTIGATION OF POSSIBLE LOCATIONS FOR THE PROPOSED SOUTH FLORIDA REGIONAL AIRPORT.
- Creator
- HUDSON, JAMES FRANKLIN, JR., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
- Abstract/Description
-
This study analyzes the possible location for the proposed South Florida Regional Airport. The investigation is implemented through a simple gravity model, which employes population, tourism, and income distribution data along with a time-distance matrix to determine optimal airport location. Additional analysis is undertaken to determine the feasibility of a mass transit system providing access to the airport and possible market areas which would be serviced by the facility. While this study...
Show moreThis study analyzes the possible location for the proposed South Florida Regional Airport. The investigation is implemented through a simple gravity model, which employes population, tourism, and income distribution data along with a time-distance matrix to determine optimal airport location. Additional analysis is undertaken to determine the feasibility of a mass transit system providing access to the airport and possible market areas which would be serviced by the facility. While this study attempts to make no conclusions beyond the scope of the analysis presented, it does generate several important conclusions. First, that a site near Andytown, Florida, is superior to a site located near the Everglades National Park. Second, the facility if constructed at Andytown should be planned to service all of South Florida. Third, if the considerations for future growth and development are sufficient to warrant the selection of a more northernly location, the market potential and transit time for a site near Clewiston, Florida can be altered, by construction of a mass transit system, to put that site on a parity with the Andytown site.
Show less - Date Issued
- 1971
- PURL
- http://purl.flvc.org/fcla/dt/13468
- Subject Headings
- Airports--Florida--Location, Airports--Florida--Planning, Access to airports--Florida
- Format
- Document (PDF)
- Title
- Impacts of federal deficits on the real GNP: The AMRC model.
- Creator
- Uysal, Ali Enis., Florida Atlantic University, Cebula, Richard, College of Business, Department of Economics
- Abstract/Description
-
The economy is a system of interrelated variables which must be studied as a whole. Lack of understanding of the interrelationship between economic agents may result in misleading information. Government transactions are the only controllable input to the system. It is essential, therefore, to examine the potential effects of budget deficits, and to implement necessary safeguards against these, if the goals of a society are to be achieved.
- Date Issued
- 1992
- PURL
- http://purl.flvc.org/fcla/dt/14875
- Subject Headings
- Budget deficits--United States, Deficit financing--United States, United States--Economic policy--1981-, Economic forecasting--United States
- Format
- Document (PDF)
- Title
- Hyperinflation in theory and practice: Brazil, 1980-1995.
- Creator
- Lafalaise, Jean Rony., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis reviews the causes of and policies used to end hyperinflation using the Brazilian experience between 1980 and 1995. The work of Thomas Sargent in (Hall, 1982) and Phillip Cagan (1956) found a number of common features regarding the causes and the ending of hyperinflation in a number of European countries in the early 1920s and 1940s. They noted that vigorous monetary and fiscal measures were needed to finally end the rapid rise in prices. Second, there was a final jump in the...
Show moreThis thesis reviews the causes of and policies used to end hyperinflation using the Brazilian experience between 1980 and 1995. The work of Thomas Sargent in (Hall, 1982) and Phillip Cagan (1956) found a number of common features regarding the causes and the ending of hyperinflation in a number of European countries in the early 1920s and 1940s. They noted that vigorous monetary and fiscal measures were needed to finally end the rapid rise in prices. Second, there was a final jump in the money supply in the months after the rise of prices had ended. Third, the price level did not decline after inflation terminated. And fourth, in each case, the tax burden was increased (through an increase in taxes and a cut in government expenditures). The thesis found that the Brazilian hyperinflation displayed the characteristics previously found by Cagan and Sargent. Furthermore, the policies used to end the inflation and resulting impacts were very much in line with the experiences of the countries studied by Cagan and Sargent.
Show less - Date Issued
- 1996
- PURL
- http://purl.flvc.org/fcla/dt/15256
- Subject Headings
- Inflation (Finance)--Brazil, Economic stabilization--Brazil
- Format
- Document (PDF)
- Title
- INVESTMENT SPENDING IN THE UNITED STATES: AN ANALYSIS OF SOME ECONOMETRIC ISSUES.
- Creator
- SADIKU, CHRISTIANAH YEMISI., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis examines the determinants of that part of national gross fixed investment which is undertaken by the private sector. Any investment process is subject to a number of separate time lags,and as a result, lagged explanatory variables were used in this study to explain the past trends and the recent surge in capital spending. The cashflow and q models distinguished themselves from other models as relatively accurate descriptive of investment spending. It should be noted, however, that...
Show moreThis thesis examines the determinants of that part of national gross fixed investment which is undertaken by the private sector. Any investment process is subject to a number of separate time lags,and as a result, lagged explanatory variables were used in this study to explain the past trends and the recent surge in capital spending. The cashflow and q models distinguished themselves from other models as relatively accurate descriptive of investment spending. It should be noted, however, that the description of investment spending that appears to have worked well in the past does not have to work so well in the future because economic conditions change.
Show less - Date Issued
- 1987
- PURL
- http://purl.flvc.org/fcla/dt/14375
- Subject Headings
- Investments--United States--Mathematical models
- Format
- Document (PDF)
- Title
- PRODUCTIVITY AND INDUSTRIAL POLICY IN THE UNITED STATES.
- Creator
- HENN, PETER J., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis examines the relationship between productivity growth and industrial policy using J.S. data from 1948 to 1981. A growth accounting model is used to study productivity growth and the recent productivity slowdown. Beth sides of the industrial policy debate are offered. The analysis of the productivity slowdown is then applied to the industrial policy debate to see if the establishment of the latter could have avoided the former. The thesis purports a negative response to the question.
- Date Issued
- 1985
- PURL
- http://purl.flvc.org/fcla/dt/14256
- Subject Headings
- Industrial productivity--United States, United States--Economic policy
- Format
- Document (PDF)
- Title
- A PREFERRED PORTFOLIO PATTERN MODEL OF THE UNITED STATES ECONOMY, 1968-1972.
- Creator
- BAUM, CHRISTOPHER FREDERICK., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This study deals with the theoretical development, estimation, and application of a financial model for the U.S. economy. The model is a 'preferred portfolio pattern' model, which was suggested by Richard Stone, and is based on the Flow-of-Funds Accounts. A background of the Flow of Funds framework and financial modelling begins the study, and is followed by an overview of traditional input-output techniques, required in the derivation of the model. Matrix adjustment of input-output systems...
Show moreThis study deals with the theoretical development, estimation, and application of a financial model for the U.S. economy. The model is a 'preferred portfolio pattern' model, which was suggested by Richard Stone, and is based on the Flow-of-Funds Accounts. A background of the Flow of Funds framework and financial modelling begins the study, and is followed by an overview of traditional input-output techniques, required in the derivation of the model. Matrix adjustment of input-output systems introduces Stone's 'financial input-output models', where his structure of sectoral balance sheets, input-output type financial models and preferred portfolio pattern models are discussed. Estimation of the model involves aggregation of FOP data and its categorisation by sectors and types of financial instruments. Empirical applications presented include short-term forecasting and an analysis of the model's dynamic time path.
Show less - Date Issued
- 1973
- PURL
- http://purl.flvc.org/fcla/dt/13561
- Subject Headings
- Funds-flow statements--United States, United States--Economic conditions--1961-1971--Mathematical models
- Format
- Document (PDF)
- Title
- Privatization: A process of economic transformation in modern economies.
- Creator
- Arbey, Bulent Mehmet., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
In recent years it is widely believed that an increase in economic activity determined by market forces, contributes to higher productivity, faster economic growth, and lower budget deficits. Developing countries, in particular, are attempting to increase the share of the private sector in their economies in order to accelerate the process of development. This thesis describes the concept of privatization and alternative models of the privatization process. A cross-section of forty-nine...
Show moreIn recent years it is widely believed that an increase in economic activity determined by market forces, contributes to higher productivity, faster economic growth, and lower budget deficits. Developing countries, in particular, are attempting to increase the share of the private sector in their economies in order to accelerate the process of development. This thesis describes the concept of privatization and alternative models of the privatization process. A cross-section of forty-nine countries is utilized to empirically assess the impact of privatization on economic growth.
Show less - Date Issued
- 1993
- PURL
- http://purl.flvc.org/fcla/dt/14942
- Subject Headings
- Privatization, Economic development
- Format
- Document (PDF)
- Title
- Product cycle theory and the television industry of the United States.
- Creator
- Chen, Wei., Florida Atlantic University, Scott, Gerald E., College of Business, Department of Economics
- Abstract/Description
-
Roymond Vernon (1966) and Seev Hirsch (1967) systematically put forth the product cycle approach in an effort to increase understanding of trade theory and introduce dynamics into trade. One of the model's major premises is that a country which has a strong competitive position in a particular industry at a given point in time may well lose this position when the industry enters into a new phase. This approach has been accepted as an established theory though it still remains inadequately...
Show moreRoymond Vernon (1966) and Seev Hirsch (1967) systematically put forth the product cycle approach in an effort to increase understanding of trade theory and introduce dynamics into trade. One of the model's major premises is that a country which has a strong competitive position in a particular industry at a given point in time may well lose this position when the industry enters into a new phase. This approach has been accepted as an established theory though it still remains inadequately tested. The television industry is the largest segment of the consumer electronics industry which has been frequently cited as an evidence to support the product cycle theory. The whole life of monochrome television in the United States was nicely explained by the product cycle theory. But it seems that the development of color television does not tell the same story.
Show less - Date Issued
- 1994
- PURL
- http://purl.flvc.org/fcla/dt/15058
- Subject Headings
- Product life cycle, Television advertising, New products--Marketing, Product management
- Format
- Document (PDF)
- Title
- RATIONAL EXPECTATIONS AND INFORMATION THEORY.
- Creator
- Atallo, Robert Alan, Florida Atlantic University, Hanage, Neela, College of Business, Department of Economics
- Abstract/Description
-
This thesis examines the relationship between the rational expectations flexible-price macroeconomic model and the pure theory of information originally developed within the electronic communications disciplines. The thesis first develops the rational expectations macromodel, including discussions of the model's assumptions, robustness, econometric issues, and important empirical results. The pure theory of information is then developed, and the "polar cases" of full information and complete...
Show moreThis thesis examines the relationship between the rational expectations flexible-price macroeconomic model and the pure theory of information originally developed within the electronic communications disciplines. The thesis first develops the rational expectations macromodel, including discussions of the model's assumptions, robustness, econometric issues, and important empirical results. The pure theory of information is then developed, and the "polar cases" of full information and complete information deprivation are examined. Finally, a generalized model of information acquisition and "transmission noise" are developed within the rational expectations framework.
Show less - Date Issued
- 1987
- PURL
- http://purl.flvc.org/fcla/dt/14405
- Subject Headings
- Rational expectations (Economic theory), Information theory
- Format
- Document (PDF)
- Title
- REVENUE RESPONSIVENESS AND EQUITY: A STUDY OF THE FLORIDA TAX STRUCTURE.
- Creator
- PATNEAU, AUSTIN FRANK., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
- Date Issued
- 1976
- PURL
- http://purl.flvc.org/fcla/dt/13811
- Subject Headings
- Taxation--Florida, Revenue--Florida, Tax incidence--Florida
- Format
- Document (PDF)
- Title
- A REVIEW OF THE LIFE CYCLE HYPOTHESIS OF CONSUMPTION AND SAVING.
- Creator
- SHELOR, CARROLL FREDERICK., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis reviews the major literature associated with the Life Cycle Hypothesis of Consumption and Saving as formulated by Franco Modigliani, Richard Brumberg and Albert Ando. The initial microeconomic formulation of the theoretical model of individual consumer behavior in terms of life time planning was examined under conditions of both stability and growth. Next, the attempts to seek empirical support for the propositions of the theory in cross-section survey data and the tests of the...
Show moreThis thesis reviews the major literature associated with the Life Cycle Hypothesis of Consumption and Saving as formulated by Franco Modigliani, Richard Brumberg and Albert Ando. The initial microeconomic formulation of the theoretical model of individual consumer behavior in terms of life time planning was examined under conditions of both stability and growth. Next, the attempts to seek empirical support for the propositions of the theory in cross-section survey data and the tests of the aggregate implications of the theory were examined. It was concluded that within the current conceptual framework of macroeconomics the theory has a fairly high level of explanatory force, and should further future inquiry.
Show less - Date Issued
- 1976
- PURL
- http://purl.flvc.org/fcla/dt/13814
- Subject Headings
- Consumption (Economics)
- Format
- Document (PDF)
- Title
- Pollution control success in the United States: A cross sectional analysis.
- Creator
- Carr, Jered Byron Jr., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis empirically examined pollution control success in the United States during the period 1987 to 1992. The purpose of this analysis was to determine whether pollution control success can be predicted by a set of factors suggested by the economics literature as being important to effective control of pollution. Multiple regression analyses were performed on dependent variables representing air, water, and solid waste quality. It was found that although the predictors of pollution...
Show moreThis thesis empirically examined pollution control success in the United States during the period 1987 to 1992. The purpose of this analysis was to determine whether pollution control success can be predicted by a set of factors suggested by the economics literature as being important to effective control of pollution. Multiple regression analyses were performed on dependent variables representing air, water, and solid waste quality. It was found that although the predictors of pollution control success differ across the three types of pollution, variables representing pollution abatement expenditures and strength of enforcement were important throughout.
Show less - Date Issued
- 1994
- PURL
- http://purl.flvc.org/fcla/dt/15092
- Subject Headings
- Pollution, Pollution, Environmental protection--Economic aspects, Environmental protection
- Format
- Document (PDF)
- Title
- RIDGE REGRESSION.
- Creator
- VELENTZAS, KONSTANTINOS THEODOROS., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis demonstrates the theory and logic of the ridge regression method of statistical estimation. The effect of multicollinearity on ordinary least squares is explored, and the optimality of the ridge estimators is derived. The critical analyses of ridge regression that have been developed in the biased estimation literature and by Bayesian statisticians is discussed. The technique of ridge regression is compared to ordinary least squares in the context of estimating price and income...
Show moreThis thesis demonstrates the theory and logic of the ridge regression method of statistical estimation. The effect of multicollinearity on ordinary least squares is explored, and the optimality of the ridge estimators is derived. The critical analyses of ridge regression that have been developed in the biased estimation literature and by Bayesian statisticians is discussed. The technique of ridge regression is compared to ordinary least squares in the context of estimating price and income elasticities for Greek imports.
Show less - Date Issued
- 1984
- PURL
- http://purl.flvc.org/fcla/dt/14202
- Subject Headings
- Ridge regression (Statistics), Estimation theory
- Format
- Document (PDF)
- Title
- A STUDY OF BLACK-WHITE MALE INCOME DIFFERENTIALS - 1950, 1960, 1970.
- Creator
- BOLES, KEITH EDWIN., Florida Atlantic University, Hemley, David D., College of Business, Department of Economics
- Abstract/Description
-
Alternative models to explain the variability in income differentials. between Black males and White males over thirty-two Standard Metropolitan Statistical Areas (SMSAs) were estimated by ordinary least squares using cross-sectional data for each of three points in time - 1950, 1960, and 1970. Two models were tested for each time period . The Becker-type model used a Black-White male median income ratio as a dependent variable with age, education, three occupational mix variables, and...
Show moreAlternative models to explain the variability in income differentials. between Black males and White males over thirty-two Standard Metropolitan Statistical Areas (SMSAs) were estimated by ordinary least squares using cross-sectional data for each of three points in time - 1950, 1960, and 1970. Two models were tested for each time period . The Becker-type model used a Black-White male median income ratio as a dependent variable with age, education, three occupational mix variables, and current population as the independent variables. The second model used the same variables with the exception that current population was replaced by population lagged ten years. All variables were in Black-White ratio form. The results are of interest to the student of the economics of discrimination, since the methodology can be applied to the examination and comparison between any two categories of people.
Show less - Date Issued
- 1973
- PURL
- http://purl.flvc.org/fcla/dt/13562
- Subject Headings
- Income distribution--United States--Statistics, Income distribution--United States--Mathematical models, African Americans--Economic conditions
- Format
- Document (PDF)
- Title
- A STUDY OF INFLATION IN THE GREEK ECONOMY DURING 1958-1980.
- Creator
- PRINOS, XENOPHON ATHAN., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis empirically analyzes the problem of inflation in the Greek economy. The study is based upon annual data for the period 1958 to 1980. The econometric analysis is primarily based upon the Scandinavian model of inflation for a small open economy. This model explains inflation by structural differences in productivity between sectors and a transmission mechanism which links world inflation to domestic inflation. This study also examines an extended Phillips curve model which considers...
Show moreThis thesis empirically analyzes the problem of inflation in the Greek economy. The study is based upon annual data for the period 1958 to 1980. The econometric analysis is primarily based upon the Scandinavian model of inflation for a small open economy. This model explains inflation by structural differences in productivity between sectors and a transmission mechanism which links world inflation to domestic inflation. This study also examines an extended Phillips curve model which considers both excess demand variables and structural factors. The results indicate that the above models provide fairly good explanations of the inflationary process in Greece.
Show less - Date Issued
- 1983
- PURL
- http://purl.flvc.org/fcla/dt/14170
- Subject Headings
- Inflation (Finance)--Greece, Greece--Economic conditions--1918-
- Format
- Document (PDF)