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Title: SYSTEMS OF DIFFERENCE EQUATIONS IN ECONOMIC THEORY.
Creator: WONNACOTT, LARRY RUSSELL., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This study demonstrates the importance of dynamic economic analysis, the role played by difference equations in such analysis and the properties of systems of difference equations. This is accomplished by proving the significance of dynamics in general and difference equations in particular using the Cobweb model and the "correspondence principle". The properties of systems of linear, first order difference equations are discussed in detail and it is shown that a system of any order can be...
Show moreThis study demonstrates the importance of dynamic economic analysis, the role played by difference equations in such analysis and the properties of systems of difference equations. This is accomplished by proving the significance of dynamics in general and difference equations in particular using the Cobweb model and the "correspondence principle". The properties of systems of linear, first order difference equations are discussed in detail and it is shown that a system of any order can be reduced to first order so that the discussion is completely general. The properties included in this analysis ore the traverse, impact, delayed, cumulative and long run multipliers, and stability of a linear system. A simple Keynesian model of income determination is estimated and simulated by the computer to facilitate observation of these properties.
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Date Issued: 1972
PURL: http://purl.flvc.org/fcla/dt/13521
Subject Headings: Economics, Mathematical
Format: Document (PDF)

Title: A TEST OF MONETARY RULE VERSUS DISCRETION IN WEST GERMANY--1957 TO 1973.
Creator: RALSTON, DAVID ALLEN., Florida Atlantic University, Rodman, Milton, College of Business, Department of Economics
Abstract/Description: Using the Modigliani approach, the effects of a fixed rule growth rate and a semi-rule growth rate are compared to the growth rate under the discretionary policy of the West German monetary authorities. This type of analysis has previously been completed for the United States economy which is considered a relatively closed economy. In contrast, the West German economy is open, that is, it is very dependent upon trade for survival. Therefore, the impact of this difference is the major point to...
Show moreUsing the Modigliani approach, the effects of a fixed rule growth rate and a semi-rule growth rate are compared to the growth rate under the discretionary policy of the West German monetary authorities. This type of analysis has previously been completed for the United States economy which is considered a relatively closed economy. In contrast, the West German economy is open, that is, it is very dependent upon trade for survival. Therefore, the impact of this difference is the major point to be examined.
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Date Issued: 1974
PURL: http://purl.flvc.org/fcla/dt/13654
Subject Headings: Economics, Finance
Format: Document (PDF)

Title: THE TEACHING OF THE ECONOMIC PRINCIPLES COURSE: A BEHAVIORAL APPROACH.
Creator: BEER, MAX P., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
Abstract/Description: The desire to render college curricula and college teaching more effective has resulted in ever increasing debates about content and method of instruction of the Economic Principles Course. The purpose of this thesis is to examine the behavioral approach to the subject matter of a one quarter macro-principles course. In addition to the question of method the problematical aspects of content and purpose are also examined. The question of what to teach and to whom to teach it has not been...
Show moreThe desire to render college curricula and college teaching more effective has resulted in ever increasing debates about content and method of instruction of the Economic Principles Course. The purpose of this thesis is to examine the behavioral approach to the subject matter of a one quarter macro-principles course. In addition to the question of method the problematical aspects of content and purpose are also examined. The question of what to teach and to whom to teach it has not been resolved and an attempt is made in this thesis to provide a rationale for the development of a substantive content which would provide the student with means to make relatable interpretive use of the knowledge gained.
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Date Issued: 1972
PURL: http://purl.flvc.org/fcla/dt/13524
Subject Headings: Economics--Study and teaching
Format: Document (PDF)

Title: TIME SERIES ANALYSIS OF INFLATION AND UNEMPLOYMENT 1948 - 1981.
Creator: MORIARTY, PATRICK JAMES., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis is a study of time series modeling techniques applied to the relationship between the rate of inflation and unemployment. The data used in this study are quarterly for the United States from 1948 - 1981. The study begins by reviewing the major theories of inflation and unemployment. Univariate stochastic time series methods are introduced and applied to the above-mentioned relationship. Multivariate stochastic time series methods are then fit to a series of related variables to...
Show moreThis thesis is a study of time series modeling techniques applied to the relationship between the rate of inflation and unemployment. The data used in this study are quarterly for the United States from 1948 - 1981. The study begins by reviewing the major theories of inflation and unemployment. Univariate stochastic time series methods are introduced and applied to the above-mentioned relationship. Multivariate stochastic time series methods are then fit to a series of related variables to investigate the validity of the lag structures employed on the relationship between inflation and unemployment.
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Date Issued: 1982
PURL: http://purl.flvc.org/fcla/dt/14114
Subject Headings: Unemployment--United States--Effect of inflation on, Time-series analysis
Format: Document (PDF)

Title: TIME SERIES ANALYSIS OF INCOME AND CONSUMPTION.
Creator: THEALL, GEORGE ALBERT., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis uses time series analysis to construct models of income and consumption in the United States between 1947 and 1983. The data are quarterly observations on three measures of income and two of consumption. The study begins with a survey of univariate and multivariate model building techniques. With the life cycle - permanent income hypothesis as a foundation, theoretical models of income and consumption are discussed. These models are then fit to the data and examined. Tests for...
Show moreThis thesis uses time series analysis to construct models of income and consumption in the United States between 1947 and 1983. The data are quarterly observations on three measures of income and two of consumption. The study begins with a survey of univariate and multivariate model building techniques. With the life cycle - permanent income hypothesis as a foundation, theoretical models of income and consumption are discussed. These models are then fit to the data and examined. Tests for causality are also covered in order to determine the manner in which the two processes are related in a multivariate model.
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Date Issued: 1983
PURL: http://purl.flvc.org/fcla/dt/14184
Subject Headings: Income--United States, Consumption (Economics)--United States, Time-series analysis
Format: Document (PDF)

Title: A TWO-SECTOR GROWTH MODEL OF THE UNITED STATES ECONOMY.
Creator: POSLUSNY, CHESTER, JR., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This work includes a survey of the literature of growth theory with emphasis on the two-sector Neoclassical model. A two-sector model of the U. S. economy with disembodied Harrod neutral technological change is estimated and simulated. Stability and the role of price mechanism is pointed out. The results of the estimation do not seem to support the significance of the disaggregation of the data into the two sectors. A clear advantage of the model, however, lies in the efficient disequilibrium...
Show moreThis work includes a survey of the literature of growth theory with emphasis on the two-sector Neoclassical model. A two-sector model of the U. S. economy with disembodied Harrod neutral technological change is estimated and simulated. Stability and the role of price mechanism is pointed out. The results of the estimation do not seem to support the significance of the disaggregation of the data into the two sectors. A clear advantage of the model, however, lies in the efficient disequilibrium adjustment mechanism.
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Date Issued: 1974
PURL: http://purl.flvc.org/fcla/dt/13653
Subject Headings: Economics, General
Format: Document (PDF)

Title: Welfare effects of the 1986 Lumber Agreement between the United States and Canada.
Creator: Moore, Alexandra E., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: The problem of restrictions on trade is the basis of this paper. More specifically, the implications of the U.S.-Canadian Lumber Agreement are outlined in the Introduction. Chapter II offers a history of modern international trade theory as well as current trade theories. The next chapter further dissects a particular theory; the effects of trade-restriction reduction. In Chapter IV a model of the Canadian export tariff as proposed in the 1986 Agreement is explained as are empirical results...
Show moreThe problem of restrictions on trade is the basis of this paper. More specifically, the implications of the U.S.-Canadian Lumber Agreement are outlined in the Introduction. Chapter II offers a history of modern international trade theory as well as current trade theories. The next chapter further dissects a particular theory; the effects of trade-restriction reduction. In Chapter IV a model of the Canadian export tariff as proposed in the 1986 Agreement is explained as are empirical results and their effects on the U.S. economy.
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Date Issued: 1990
PURL: http://purl.flvc.org/fcla/dt/14580
Subject Headings: Lumber trade--United States, Lumber trade--Canada
Format: Document (PDF)

Title: An empirical study of Florida nonprofit arts organizations.
Creator: Lu, Yu Hua., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis contains an empirical study of nonprofit cultural organizations in the state of Florida. Transcendental and Cobb Douglas functions are compared for a sample of 76 organizations. The organizations produce under conditions of decreasing returns to scale and both labor and capital are employed in amounts beyond the point where their marginal revenue products equal their input prices. Labor is disaggregated between artists and adjuvants, with the former functioning as essential to...
Show moreThis thesis contains an empirical study of nonprofit cultural organizations in the state of Florida. Transcendental and Cobb Douglas functions are compared for a sample of 76 organizations. The organizations produce under conditions of decreasing returns to scale and both labor and capital are employed in amounts beyond the point where their marginal revenue products equal their input prices. Labor is disaggregated between artists and adjuvants, with the former functioning as essential to production and the latter not being essential to production.
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Date Issued: 1991
PURL: http://purl.flvc.org/fcla/dt/14753
Subject Headings: Nonprofit organizations--United States, Arts--Economic aspects--United States
Format: Document (PDF)

Title: The effect of prices on the United States trade balance.
Creator: Liu, Jian., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis examines the extent of J-curve effects in U.S. foreign trade between 1971 and 1989. Three distinct types of trade were specified and examined for this purpose: (1) aggregate; (2) by individual countries; (3) by products. The empirical findings indicate that the aggregate trade balance of the United States displayed the J-curve pattern in reaction to relative price changes during the period and the J-curve effect also held for trade with some countries and by some products.
Date Issued: 1991
PURL: http://purl.flvc.org/fcla/dt/14751
Subject Headings: Balance of trade--United States, United States--Commerce, Foreign exchange problem--United States
Format: Document (PDF)

Title: An empirical analysis of consumption behavior for selected European economies.
Creator: Lyroudi, Katerina., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
Abstract/Description: This thesis first outlines the main theoretical approaches to the consumption function, such as the Absolute Income Hypothesis, the Relative Income Hypothesis, the Life-Cycle Hypothesis and the Permanent Income Hypothesis. Furthermore, it highlights the importance of expectations for consumption behavior and presents an econometric specification of the consumption function, utilizing the adaptive and rational expectations formation mechanisms. Important empirical issues regarding the...
Show moreThis thesis first outlines the main theoretical approaches to the consumption function, such as the Absolute Income Hypothesis, the Relative Income Hypothesis, the Life-Cycle Hypothesis and the Permanent Income Hypothesis. Furthermore, it highlights the importance of expectations for consumption behavior and presents an econometric specification of the consumption function, utilizing the adaptive and rational expectations formation mechanisms. Important empirical issues regarding the inclusion of other determinants of consumption are also discussed. Finally, an econometric analysis of consumption for Greece, Germany, France, Italy and the United Kingdom is presented.
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Date Issued: 1988
PURL: http://purl.flvc.org/fcla/dt/14444
Subject Headings: Consumption (Economics)--Europe
Format: Document (PDF)

Title: WITHER ANNEXATION: THE CASE FOR DEERFIELD BEACH, FLORIDA.
Creator: PAPANDREAS, CHRISTINE., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
Abstract/Description: This research was done under an internship program for Deerfield Beach, Florida. Costs of providing municipal services to land outside the city were projected as were revenues expected to accrue to the city. Projections were made both for the current level of development, and for that time when the land was developed at its ultimate holding capacity. Projections for the near future clearly showed that revenues would exceed costs for land which is currently developed. Costs would exceed...
Show moreThis research was done under an internship program for Deerfield Beach, Florida. Costs of providing municipal services to land outside the city were projected as were revenues expected to accrue to the city. Projections were made both for the current level of development, and for that time when the land was developed at its ultimate holding capacity. Projections for the near future clearly showed that revenues would exceed costs for land which is currently developed. Costs would exceed revenues if services were extended to undeveloped lands. Projections based on the ultimate holding capacity were less certain. For most of the land area, property tax revenues would yield revenues equal to about half of expected expenditures. Uncertainties prevented estimation of total revenues for the long run. The focus of this thesis was on direct, tangible costs and revenues. Intangible aspects were stated, but not evaluated.
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Date Issued: 1972
PURL: http://purl.flvc.org/fcla/dt/13514
Subject Headings: Economics, Finance
Format: Document (PDF)

Title: A comparative analysis of three oligopoly models.
Creator: Perez, Carlos Francisco., Florida Atlantic University, Hung, Chao-shun, College of Business, Department of Economics
Abstract/Description: This thesis examines as well as compares three oligopoly models. In Seade (1980), the effect of entry on outputs and profits is analyzed. Firms may respond to entry in a perverse way by increasing their outputs. The equilibrium price set by firms always rests above marginal costs. In Perloff and Salop (1985), the focus is on the effect of both limited and unlimited entry on oligopoly pricing behavior. Firms may set their equilibrium price equal to marginal cost; therefore, an oligopoly may...
Show moreThis thesis examines as well as compares three oligopoly models. In Seade (1980), the effect of entry on outputs and profits is analyzed. Firms may respond to entry in a perverse way by increasing their outputs. The equilibrium price set by firms always rests above marginal costs. In Perloff and Salop (1985), the focus is on the effect of both limited and unlimited entry on oligopoly pricing behavior. Firms may set their equilibrium price equal to marginal cost; therefore, an oligopoly may behave like a perfectly competitive industry. Salop (1979) offers a spatial model of oligopoly. The measure of the degree of monopolistic competition differs from that of Perloff and Salop (1985). The response of firms to changes in both demand and costs also differs between Salop (1979), and Perloff and Salop (1985).
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Date Issued: 1991
PURL: http://purl.flvc.org/fcla/dt/14738
Subject Headings: Oligopolies--Models
Format: Document (PDF)

Title: A dynamic model of aggregate money demand in a European Monetary Union.
Creator: Rubin, Jonathan Laurence., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
Abstract/Description: Recent proposals for a European Monetary Union raise the prospect of a European-wide monetary authority. Successful implementation of monetary policy by a European central bank would require the existence of a stable relationship between the quantity of money demanded and other macro-variables. This thesis examines the issues and controversies arising from the movement towards European Monetary Union as envisaged by the Maastricht treaty. The theoretical basis of the estimation of dynamic...
Show moreRecent proposals for a European Monetary Union raise the prospect of a European-wide monetary authority. Successful implementation of monetary policy by a European central bank would require the existence of a stable relationship between the quantity of money demanded and other macro-variables. This thesis examines the issues and controversies arising from the movement towards European Monetary Union as envisaged by the Maastricht treaty. The theoretical basis of the estimation of dynamic money demand relationships is presented, and a dynamic error-correction model of a nine-country aggregate money demand function is estimated.
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Date Issued: 1993
PURL: http://purl.flvc.org/fcla/dt/14913
Subject Headings: Money--European Economic Community countries, Monetary policy--European Economic Community countries, Monetary unions--European Economic Community countries, European Economic Community countries--Economic policy
Format: Document (PDF)

Title: The economic impact of the proposed movement of the Coastal Construction Control Line in Palm Beach County.
Creator: Correia, Michele Edwards., Florida Atlantic University, Rhodd, Rupert, College of Business, Department of Economics
Abstract/Description: An Economic Impact Statement was developed in accordance with section 120.54 Florida Administrative Code to determine the costs and benefits associated with the proposed movement of the Palm Beach County Coastal Construction Control Line. A benefit/cost model was developed to measure the available data. The benefit/cost analysis will be provided to policy makers as an aid to clarifying the net costs and benefits of the proposed rule amendment on society.
Date Issued: 1992
PURL: http://purl.flvc.org/fcla/dt/14860
Subject Headings: Cost effectiveness, Coastal zone management--Florida--Palm Beach County, Palm Beach County (Fla)--Economic conditions
Format: Document (PDF)

Title: The monetary approach to the balance of payments: A look at the Jamaican economy.
Creator: Richards, Dawn Cassandra., Florida Atlantic University, Saltz, Ira, College of Business, Department of Economics
Abstract/Description: The monetary approach to the balance of payments provides a relatively new method of analyzing balance of payments difficulties. This thesis seeks to analyze the balance of payments disequilibria that has and continues to plague the Jamaican economy, by utilizing the "new" approach in its strictest form. A brief discussion on the history of the monetary approach is included in order to place balance of payments theory in perspective. The assumptions of the model are discussed within the...
Show moreThe monetary approach to the balance of payments provides a relatively new method of analyzing balance of payments difficulties. This thesis seeks to analyze the balance of payments disequilibria that has and continues to plague the Jamaican economy, by utilizing the "new" approach in its strictest form. A brief discussion on the history of the monetary approach is included in order to place balance of payments theory in perspective. The assumptions of the model are discussed within the confines of the small open economy and their relevance to Jamaica. An overview of the Jamaican economy establishes the need for balance of payments analysis. Evaluation of the adopted IMF's model with the use of Jamaican data concludes the monetary approach to be a useful method of analyzing Jamaica's balance of payments.
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Date Issued: 1990
PURL: http://purl.flvc.org/fcla/dt/14583
Subject Headings: Balance of payments--Jamaica
Format: Document (PDF)

Title: A GENERAL DISEQUILIBRIUM INTERPRETATION OF KEYNESIAN MACROECONOMICS.
Creator: MONTANARO, EDWARD G., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: In this thesis the literature of disequilibrium macroeconomic theory was reviewed and the empirical relevance of the Keynesian interpretation of the labor demand function was examined and contrasted to the disequilibrium interpretation of Barro and Grossman, Patinkin's disequilibrium theory of the labor market and Clower's partial disequilibrium analysis of the commodity market were examined in depth. The bulk of the literature review was devoted to the general disequilibrium model of income...
Show moreIn this thesis the literature of disequilibrium macroeconomic theory was reviewed and the empirical relevance of the Keynesian interpretation of the labor demand function was examined and contrasted to the disequilibrium interpretation of Barro and Grossman, Patinkin's disequilibrium theory of the labor market and Clower's partial disequilibrium analysis of the commodity market were examined in depth. The bulk of the literature review was devoted to the general disequilibrium model of income and employment determination developed by Barro and Grossman. Barra and Grossman's criticism of Keynes for predicting a negatively sloped labor demand function was analyzed using regression analysis to estimate the function. Barro and Grossman's criticism was found to be based on insufficient evidence, and evidence presented in this thesis supported the Keynesian position.
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Date Issued: 1977
PURL: http://purl.flvc.org/fcla/dt/13882
Subject Headings: Microeconomics, Industrial organization (Economic theory)
Format: Document (PDF)

Title: MONETARY POLICY TARGETS IN TURKEY: AN ANALYSIS OF CAUSALITY AND CONTROLLABILITY.
Creator: Akyurek, Cem Ahmet, Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
Abstract/Description: This study analyzes the formulation of monetary policy in the Turkish economy on the basis of intermediate policy targets. Two monetary aggregates and four credit aggregates are identified as potential intermediate targets of monetary policy. The causal relationship between these variables and GNP as well as prices is estimated by utilizing Granger and Sims tests for causality. The degree to which these targets are controlled by changes in the monetary base is examined by using regression...
Show moreThis study analyzes the formulation of monetary policy in the Turkish economy on the basis of intermediate policy targets. Two monetary aggregates and four credit aggregates are identified as potential intermediate targets of monetary policy. The causal relationship between these variables and GNP as well as prices is estimated by utilizing Granger and Sims tests for causality. The degree to which these targets are controlled by changes in the monetary base is examined by using regression analysis. Finally, this study briefly examines the major sources of the monetary base in the Turkish economy.
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Date Issued: 1985
PURL: http://purl.flvc.org/fcla/dt/14259
Subject Headings: Monetary policy--Turkey--Analysis, Turkey--Economic conditions--Analysis
Format: Document (PDF)

Title: MONEY AND GROWTH IN THE U.S. ECONOMY, 1929-1966.
Creator: TRETIAK, RICHARD V., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: A neoclassical monetary growth model was estimated using U.S. annual data 1929-66. A survey of neoclassical growth theory was presented. The effects and implications of incorporating money into the neoclassical framework were investigated. Solow's monetary neoclassical growth model was simulated with the parameters estimated~ The effects of different growth rates of the nominal money stock, and expected inflation adjustment coefficient on the level of capital intensity and the stability of...
Show moreA neoclassical monetary growth model was estimated using U.S. annual data 1929-66. A survey of neoclassical growth theory was presented. The effects and implications of incorporating money into the neoclassical framework were investigated. Solow's monetary neoclassical growth model was simulated with the parameters estimated~ The effects of different growth rates of the nominal money stock, and expected inflation adjustment coefficient on the level of capital intensity and the stability of the model were compared and analyzed.
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Date Issued: 1974
PURL: http://purl.flvc.org/fcla/dt/13688
Subject Headings: United States--Economic conditions--1918-1945, United States--Economic conditions--1945-
Format: Document (PDF)

Title: MONETARY AND FISCAL POLICIES AND THE BALANCE OF PAYMENTS.
Creator: OKTAR, MURAT RUSTU., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
Abstract/Description: This thesis deals with the effect of the fiscal and monetary policies in the models of the balance of payments for a small country model with and without nontraded goods. The first chapter provides an introduction. In Chapter Two, a balance of payments model which makes no distinction between traded and nontraded goods is examined under the fixed and flexible exchange rates. In Chapter Three, the definition of nontraded goods is given and the Dornbush model is analyzed in the case of demand...
Show moreThis thesis deals with the effect of the fiscal and monetary policies in the models of the balance of payments for a small country model with and without nontraded goods. The first chapter provides an introduction. In Chapter Two, a balance of payments model which makes no distinction between traded and nontraded goods is examined under the fixed and flexible exchange rates. In Chapter Three, the definition of nontraded goods is given and the Dornbush model is analyzed in the case of demand shift from the traded goods to nontraded goods and the transfer payments to the foreign country. In Chapter Four, a balance of payments model with nontraded goods is examined under the fixed and flexible exchange rates. The fifth chapter summarizes the previous chapters and gives some conclusions.
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Date Issued: 1982
PURL: http://purl.flvc.org/fcla/dt/14109
Subject Headings: Balance of payments--Mathematical models, Fiscal policy--Mathematical models, Monetary policy--Mathematical models
Format: Document (PDF)

Title: MONEY, OUTPUT, AND PRICES: A CROSS SPECTRAL ANALYSIS.
Creator: DMYTROW, ERIC DONALD., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
Abstract/Description: This thesis tests the transmission mechanism through which changes in the rate of growth of the money supply affect changes in output and prices. Cross-spectral analysis was used to test the transmission mechanism. The results support a neo-keynesian transmission mechanism which associates changes in the money supply with changes in investment.
Date Issued: 1974
PURL: http://purl.flvc.org/FCLA/DT/13646
Subject Headings: Legislators--United States, Economic assistance--Law and legislation, Voting
Format: Document (PDF)

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