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Pages
- Title
- A partial behavioral model for macroeconomic expansion.
- Creator
- Knickerbocker, H. E., Florida Atlantic University, Rhodd, Rupert, College of Business, Department of Economics
- Abstract/Description
-
This thesis presents a theoretical behavioral model that deals with the expansionary phase of the business cycle. Its purpose was to provide a plausible explanation for growth out of recession. In this model, expansionary output is directly related to investment, saving, and the expected returns to capital. Moreover, it is assumed that capital formation is inversely related to the interest rate, which serves as the independent variable with respect to investment, production, saving, and...
Show moreThis thesis presents a theoretical behavioral model that deals with the expansionary phase of the business cycle. Its purpose was to provide a plausible explanation for growth out of recession. In this model, expansionary output is directly related to investment, saving, and the expected returns to capital. Moreover, it is assumed that capital formation is inversely related to the interest rate, which serves as the independent variable with respect to investment, production, saving, and expected returns. In addition, the basic model is linked to the combined influence of fiscal and monetary policy through the use of a coefficient. This coefficient can alter the fundamental dynamic of the growth path. Finally, the four basic non-linear curves that compose the behavioral model are compared to curves suggested by scatter diagrams. In conclusion, there seems to be some conformity of statistical reality to the non-linear relationships described by the behavioral model, as well as general agreement with a large body of existent theory.
Show less - Date Issued
- 1995
- PURL
- http://purl.flvc.org/fcla/dt/15164
- Subject Headings
- Business cycles, Economic forecasting, Macroeconomics, Business forecasting, Economic development
- Format
- Document (PDF)
- Title
- AN EMPIRICAL ANALYSIS OF THE DEMAND FOR COINS.
- Creator
- DAVIS, RICHARD MCDONALD., Florida Atlantic University, McPheters, Lee R., College of Business, Department of Economics
- Abstract/Description
-
This study includes an historical perspective which gives insight into the reasons for holding coins. Emphasis is given to the particular attributes of coins which differentiate between them and the aggregate money supply. Also included is a survey of relevant literature which concentrates upon the demand for money and the demand for currency as theoretical supports for the demand for coins. The models to estimate the demand for coins are discussed and then the estimations themselves receive...
Show moreThis study includes an historical perspective which gives insight into the reasons for holding coins. Emphasis is given to the particular attributes of coins which differentiate between them and the aggregate money supply. Also included is a survey of relevant literature which concentrates upon the demand for money and the demand for currency as theoretical supports for the demand for coins. The models to estimate the demand for coins are discussed and then the estimations themselves receive attention. The models are estimated using multiple regression, and results tend to confirm the hypothesis that the traditional demand for money function does not precisely explain the demand for coins. The conclusion is, basically, that there are indeed other variables explaining the demand for coins which must be included in the model.
Show less - Date Issued
- 1975
- PURL
- http://purl.flvc.org/fcla/dt/13724
- Subject Headings
- Quantity theory of money, Coinage
- Format
- Document (PDF)
- Title
- THE EFFECTS OF REGULATION ON PUBLIC UTILITIES.
- Creator
- Wiggenhorn, Joan, Florida Atlantic University, Scheidell, John M., College of Business, Department of Economics
- Abstract/Description
-
This thesis focuses on the "ideal effects'' of regulation on public utilities. The effects are deduced by comparing and interpreting conditions for maximization of various models, with and without regulatory constraints. Three objective functions are considered: welfare maximization, profit maximization and sales maximization. Uniform load models are the first to be considered and the effects of a rate-of-return constraint are analyzed. Next peak load models are introduced with the...
Show moreThis thesis focuses on the "ideal effects'' of regulation on public utilities. The effects are deduced by comparing and interpreting conditions for maximization of various models, with and without regulatory constraints. Three objective functions are considered: welfare maximization, profit maximization and sales maximization. Uniform load models are the first to be considered and the effects of a rate-of-return constraint are analyzed. Next peak load models are introduced with the traditional welfare objective. Finally, the effects of the imposition of a rate-of-return constraint on various peak load models are analyzed.
Show less - Date Issued
- 1976
- PURL
- http://purl.flvc.org/fcla/dt/13798
- Subject Headings
- Public utilities, Public utilities--Rate of return
- Format
- Document (PDF)
- Title
- AN EMPIRICAL ONE-SECTOR GROWTH MODEL OF THE UNITED STATES ECONOMY, 1929-1966.
- Creator
- JACKSON, GARY LEE., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
A one-sector Neo-Classical growth model of the U.S. economy was estimated by ordinary least squares using annual data. The evolution of growth theory from Harrod's model (1939) through the Solow model (1956) was traced. A Cobb-Douglas production with constant returns to scale and disembodied technical change formed the core of the model. Alternative equilibrium capital-labor ratios were derived using computer simulation for ten different selections of the model's parameters. The "golden age"...
Show moreA one-sector Neo-Classical growth model of the U.S. economy was estimated by ordinary least squares using annual data. The evolution of growth theory from Harrod's model (1939) through the Solow model (1956) was traced. A Cobb-Douglas production with constant returns to scale and disembodied technical change formed the core of the model. Alternative equilibrium capital-labor ratios were derived using computer simulation for ten different selections of the model's parameters. The "golden age" paths were then simulated for a period of two hundred years.
Show less - Date Issued
- 1972
- PURL
- http://purl.flvc.org/fcla/dt/13506
- Subject Headings
- United States--Economic conditions--1918-1945, United States--Economic conditions--1945-
- Format
- Document (PDF)
- Title
- AN EMPIRICAL STUDY OF THE GREEK MANUFACTURING SECTOR.
- Creator
- THEOCHAROUS, ANDREAS S., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This paper uses annual time series, 1959-1975, to estimate fundamental parameters of the production process of the Greek manufacturing sector. The empirical analysis is carried out using the translog production and cost functions. Based on the results of the estimations some characteristics of the Greek manufacturing sector are explained.
- Date Issued
- 1983
- PURL
- http://purl.flvc.org/fcla/dt/14172
- Subject Headings
- Greece--Manufactures, Greece--Industries
- Format
- Document (PDF)
- Title
- AN EMPIRICAL STUDY OF CANADIAN TOURISM IN THE UNITED STATES.
- Creator
- Ar, Burak Mustafa, Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This paper uses annual time series, 1950-1980, to estimate determinants of Canadian tourist expenditures in the United States. Time series analysis is also given for Florida tourism, but it is in small scale. In order to examine Canadian and non-Canadian tourist behavior, results of regression analysis are analyzed.
- Date Issued
- 1984
- PURL
- http://purl.flvc.org/fcla/dt/14198
- Subject Headings
- Tourist trade--United States, Tourist trade--Florida, Travelers--Canada
- Format
- Document (PDF)
- Title
- KALMAN FILTER MODEL.
- Creator
- Agiakloglou, Christos N., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis demonstrates the theory and the application of the Kalman filter model, a model where the coefficients are not assumed to be constant over time but time-varying. This model is approached in two different ways. The first is the recursive approach and the second is the Mixed estimation approach. Both of these two approaches describe in different ways the original Kalman filter model. This thesis also contains an empirical application of the Kalman filter model, using real data from...
Show moreThis thesis demonstrates the theory and the application of the Kalman filter model, a model where the coefficients are not assumed to be constant over time but time-varying. This model is approached in two different ways. The first is the recursive approach and the second is the Mixed estimation approach. Both of these two approaches describe in different ways the original Kalman filter model. This thesis also contains an empirical application of the Kalman filter model, using real data from the Greek economy to estimate the Demand for Money.
Show less - Date Issued
- 1987
- PURL
- http://purl.flvc.org/fcla/dt/14372
- Subject Headings
- Kalman filtering, Estimation theory
- Format
- Document (PDF)
- Title
- STOCHASTIC MODELS OF ECONOMIC INDICATORS.
- Creator
- MONTALI, VINCENT LOUIS, JR., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis is a study of time series modeling methods applied to six economic indicators. The weaknesses of the turning point analysis used by the National Bureau of Economic Research and deterministic models which fail to explain the random component of a series' movement are discussed. Univariate stochastic time series methods are introduced and applied to the economic indicators. The resulting models fit the data much more closely and their residuals are white noise. Bivariate time series...
Show moreThis thesis is a study of time series modeling methods applied to six economic indicators. The weaknesses of the turning point analysis used by the National Bureau of Economic Research and deterministic models which fail to explain the random component of a series' movement are discussed. Univariate stochastic time series methods are introduced and applied to the economic indicators. The resulting models fit the data much more closely and their residuals are white noise. Bivariate time series models are estimated for pairs of economic indicators from similar economic processes to investigate the validity of the lag structures commonly employed on the basis of turning point analysis.
Show less - Date Issued
- 1978
- PURL
- http://purl.flvc.org/fcla/dt/13927
- Subject Headings
- Stochastic analysis, Stochastic integral equations
- Format
- Document (PDF)
- Title
- A SHORT RUN MACROECONOMETRIC MODEL OF THE GREEK ECONOMY, 1956-1969.
- Creator
- TSOUBLEKAS, GEORGE BASIL., Florida Atlantic University, Scheidell, John M., College of Business, Department of Economics
- Abstract/Description
-
Tho basis of this study is a macroeconometric model of Greece that consists of fifteen equations estimated by ordinary least squares methods from annual data and five definitional aggregates. The model is designed primarily to explain the behavior of the Greek economy from 1953, but it also has value for short run forecasting. A unique feature is the emphasis given to the interplay of imports, investment and exports. The stability test indicates a stable model with a damped oscillation of a...
Show moreTho basis of this study is a macroeconometric model of Greece that consists of fifteen equations estimated by ordinary least squares methods from annual data and five definitional aggregates. The model is designed primarily to explain the behavior of the Greek economy from 1953, but it also has value for short run forecasting. A unique feature is the emphasis given to the interplay of imports, investment and exports. The stability test indicates a stable model with a damped oscillation of a twenty-five period cycle. The predictive ability tests were very favorable and the Durbin-Watson tests indicated low auto-correlation. Future forecasts were made with the use of trend estimated values for the exogenous variables. Finally, the analysis of multipliers was used to evaluate the policy implications of the model.
Show less - Date Issued
- 1973
- PURL
- http://purl.flvc.org/fcla/dt/13596
- Subject Headings
- Macroeconomics--Mathematical models, Greece--Economic policy--Mathematical models, Greece--Economic conditions--Mathematical models
- Format
- Document (PDF)
- Title
- SHORT-TERM ECONOMIC FORECASTING IN A REGIONAL CONTEXT.
- Creator
- BLONDIN, JAMES J., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis is a study of economic forecasting in a regional context~ Its main concern is the exposition of the models and the feasibility of the techniques, rather than the actual forecast. The study should be of interest to students of forecasting or regional economics, or to planners interested in the region examined. A shift-share model is presented as an alternative to other regional forecasting techniques, and an application of it is performed on a region consisting of Broward and Dade...
Show moreThis thesis is a study of economic forecasting in a regional context~ Its main concern is the exposition of the models and the feasibility of the techniques, rather than the actual forecast. The study should be of interest to students of forecasting or regional economics, or to planners interested in the region examined. A shift-share model is presented as an alternative to other regional forecasting techniques, and an application of it is performed on a region consisting of Broward and Dade Counties, Florida.
Show less - Date Issued
- 1974
- PURL
- http://purl.flvc.org/fcla/dt/13660
- Subject Headings
- Regional economics--Mathematical models, Economic forecasting--Florida--Dade County, Economic forecasting--Florida--Broward County, Shift-share analysis, Metropolitan Dade County (Fla)--Economic conditions, Broward County (Fla)--Economic conditions
- Format
- Document (PDF)
- Title
- SHORT-TERM FORECASTING METHODS WITH REFERENCE TO MONROE COUNTY.
- Creator
- PEREZ, JOSE RAMON., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis is a study of short-term forecasting models within the reference area of Monroe County. Its main concern being the nature of the models, and the accuracy of predictions rather than the actual forecast. The results are of interest to the student of forecasting and of Monroe County. A proxy model is introduced as an alternative to other methods of regional analysis with the intention of inducing further research on the field.
- Date Issued
- 1972
- PURL
- http://purl.flvc.org/fcla/dt/13515
- Subject Headings
- Economic forecasting--Mathematical models, Economic forecasting--Florida--Monroe County, Monroe County (Fla)--Economic conditions--Mathematical models
- Format
- Document (PDF)
- Title
- SEASONAL EMPLOYMENT.
- Creator
- MOURDOUKOUTAS, PANAYIOTIS GEORGE., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis focuses on seasonal employment. It thus includes a theoretical examination of factors which cause variations in employment in the year, seasonal models are reviewed and estimated. From the empirical analysis, it was concluded that seasonality is partly desirable to individuals. It helps the optimum allocation of time between market and non-market activities.
- Date Issued
- 1978
- PURL
- http://purl.flvc.org/fau/fd/FADT13921
- Subject Headings
- Economics, General
- Format
- Document (PDF)
- Title
- THE STABILITY OF THE DEMAND FOR MONEY IN THE UNITED STATES: AN ANALYSIS OF SOME ECONOMETRIC ISSUES.
- Creator
- GRISWOLD, JEFFREY LEIGH., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis analyzes the demand for money in the United States during the period 1954:1 to 1981:4. A important issue regarding the stability of money demand is addressed in terms of the econometric problems that arise in money demand estimation. A partial-adjustment mechanism is specified to describe dynamic adjustments in the quantity of money. Such an adjustment mechanism introduces a lagged dependent variable as a regressor in the estimating equation. The presence of a lagged dependent...
Show moreThis thesis analyzes the demand for money in the United States during the period 1954:1 to 1981:4. A important issue regarding the stability of money demand is addressed in terms of the econometric problems that arise in money demand estimation. A partial-adjustment mechanism is specified to describe dynamic adjustments in the quantity of money. Such an adjustment mechanism introduces a lagged dependent variable as a regressor in the estimating equation. The presence of a lagged dependent variable along with an autocorrelated error term results in inconsistent and inefficient coefficient estimates. The Hatanaka technique is utilized to yield consistent and asymptotically efficient estimates of money demand. Finally, an equation is also estimated to examine the role of the entire term structures of interest rates in a money demand function.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14135
- Subject Headings
- Demand for money--United States
- Format
- Document (PDF)
- Title
- SPECTRAL ANALYSIS OF THE INTERNATIONAL TRANSMISSION OF PRICE FLUCTUATIONS.
- Creator
- FERRO, ALEJANDRO., Florida Atlantic University, McPheters, Lee R., College of Business, Department of Economics
- Abstract/Description
-
This thesis examines the transmission of price fluctuations between international trading partners. Once the theoretical basis for the transmittal of fluctuations was established, cross-spectral analysis was employed in an empirical evaluation of price fluctuations between the United States and Germany, the United Kingdom, France and Japan. It was concluded that the price fluctuations in any given country have a relationship to those of their trading partners and that policy makers should...
Show moreThis thesis examines the transmission of price fluctuations between international trading partners. Once the theoretical basis for the transmittal of fluctuations was established, cross-spectral analysis was employed in an empirical evaluation of price fluctuations between the United States and Germany, the United Kingdom, France and Japan. It was concluded that the price fluctuations in any given country have a relationship to those of their trading partners and that policy makers should take this fact into consideration when instituting anti-inflationary measures.
Show less - Date Issued
- 1974
- PURL
- http://purl.flvc.org/fcla/dt/13648
- Subject Headings
- Accounting and price fluctuations, Commerce
- Format
- Document (PDF)
- Title
- STABILIZATION POLICIES IN AN OPEN ECONOMY UNDER ALTERNATIVE EXCHANGE RATE AND WAGE RATE CONDITIONS.
- Creator
- HORN, KLAUS-PETER., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
- Abstract/Description
-
This thesis examines how the various instruments of monetary and fiscal policy work in the presence of fixed and flexible exchange rates. Based on the pioneering work of Mundell and Fleming, the traditional view assigns fiscal policy as being highly suitable for a fixed exchange rate regime, while stimulative monetary policy is effective in raising output under floating exchange rates. Once the implicit assumptions of constant prices and wages are relaxed, the conclusions of the original...
Show moreThis thesis examines how the various instruments of monetary and fiscal policy work in the presence of fixed and flexible exchange rates. Based on the pioneering work of Mundell and Fleming, the traditional view assigns fiscal policy as being highly suitable for a fixed exchange rate regime, while stimulative monetary policy is effective in raising output under floating exchange rates. Once the implicit assumptions of constant prices and wages are relaxed, the conclusions of the original model no longer hold. With the introduction of wage indexation as a mean to adjust nominal wages to changes in the price level, the initial results of policies of the Mundell-Fleming type are reversed. Finally, it was examined how the practical implications of policy actions of the United States and West Germany could be applied to the theoretical models.
Show less - Date Issued
- 1987
- PURL
- http://purl.flvc.org/fcla/dt/14386
- Subject Headings
- Monetary policy, Fiscal policy
- Format
- Document (PDF)
- Title
- A SPECTRAL ANALYSIS OF MONEY, INCOME AND EXPENDITURE.
- Creator
- BENNETT, MARIE ELAINE., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis tests whether a simple income-expenditure model is a better predictor of induced expenditure and thus income than a simple quantity theory model. A spectral analysis was performed using alternative definitions of money, income and expenditure. From the results of cross spectral analysis, it was concluded that the money supply is the better predictor of short run (8 months - 3 years) fluctuations in consumption and thus in income.
- Date Issued
- 1973
- PURL
- http://purl.flvc.org/fcla/dt/13570
- Subject Headings
- Income, Consumption (Economics), Econometrics
- Format
- Document (PDF)
- Title
- SPREAD-TRADING OPPORTUNITIES IN THE FUTURES MARKET: AN EXPOST ANALYSIS.
- Creator
- NORTHRUP, ALLEN ARTHUR., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
- Abstract/Description
-
This thesis focuses on the futures market for GNMA pass-through certificates and Treasury bills. The main topic covered was the speculative strategy of spread-trading. The period from January 1976 through December 1977 was analyzed to ascertain whether spread-trade opportunities did exist. The results of the analysis did support the proposition that prof i table spread-trade opportunities were possible during the time studied. Contrary to conventional wisom, the profitability of spread...
Show moreThis thesis focuses on the futures market for GNMA pass-through certificates and Treasury bills. The main topic covered was the speculative strategy of spread-trading. The period from January 1976 through December 1977 was analyzed to ascertain whether spread-trade opportunities did exist. The results of the analysis did support the proposition that prof i table spread-trade opportunities were possible during the time studied. Contrary to conventional wisom, the profitability of spread-trading was found to be heavily dependent on the correct assessment by the speculator of the direction of movement of interest rates.
Show less - Date Issued
- 1978
- PURL
- http://purl.flvc.org/fcla/dt/13938
- Subject Headings
- Market surveys
- Format
- Document (PDF)
- Title
- THE USE OF CERTAINTY EQUIVALENCE FOR LOCATION AND ECONOMIC GROWTH DECISIONS.
- Creator
- WONSETLER, ELIZABETH ANN., Florida Atlantic University, Scheidell, John M., College of Business, Department of Economics
- Abstract/Description
-
This study was prepared to analyze the use of the first-period certainty equivalence procedure in location decisions. Certainty equivalence is a mathematical technique which explicitly incorporates probablistic uncertainty in the decision making process. The feasible location of an international jetport which would service the South Florida region is used to illustrate this decision making technique.
- Date Issued
- 1972
- PURL
- http://purl.flvc.org/fcla/dt/13473
- Subject Headings
- Decision-making--Mathematical models, Uncertainty (Information theory)
- Format
- Document (PDF)
- Title
- A THEORETICAL AND EMPIRICAL ANALYSIS OF THE DETERMINANTS OF EURO-DOLLAR GROWTH.
- Creator
- KUTAN, ALI MUSTAFA., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis theoretically and empirically analyzes the determinants of Eurodollar expansion observed in recent years. The Euro-dollar market is first described in terms of its origin, development, geographical distribution and institutional structure and regulation. The size, sources and uses of the market are also illustrated. Alternative views and theories explaining Euro-dollar growth are discussed in detail. A single stock adjustment model is first used to obtain the determinants of Euro...
Show moreThis thesis theoretically and empirically analyzes the determinants of Eurodollar expansion observed in recent years. The Euro-dollar market is first described in terms of its origin, development, geographical distribution and institutional structure and regulation. The size, sources and uses of the market are also illustrated. Alternative views and theories explaining Euro-dollar growth are discussed in detail. A single stock adjustment model is first used to obtain the determinants of Euro-dollar interest rates. Reduced form equations are utilized to determine the factors for the equilibrium quantity of Euro-dollar deposits and equilibrium Euro-dollar interest rate. Finally, the proportion of Euro-dollar growth attributed to a multiplier expansion process as opposed to primary deposits is empirically estimated for the time period 1973 - 1981. Almon and Koyck lag structures are utilized to calculate the multiplier process associated with Eurodollar expansion during this period.
Show less - Date Issued
- 1985
- PURL
- http://purl.flvc.org/fcla/dt/14273
- Subject Headings
- Euro-dollar market--Analysis
- Format
- Document (PDF)
- Title
- A THEORETICAL AND EMPIRICAL ASSESSMENT OF ALTERNATIVE MONETARY CONTROL PROCEDURES IN THE UNITED STATES.
- Creator
- WHITE, MARILYN., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis theoretically and empirically analyzes the effectiveness of alternative monetary control procedures in the United States in recent years. The overall strategy of monetary policy is described and the implications of the federal funds rate and non-borrowed reserves targeting procedures for interest rate volatility and money demand stability are discussed. Tests of linear restrictions using dummy variable specifications as well as ex post forecasts suggest that there has been a...
Show moreThis thesis theoretically and empirically analyzes the effectiveness of alternative monetary control procedures in the United States in recent years. The overall strategy of monetary policy is described and the implications of the federal funds rate and non-borrowed reserves targeting procedures for interest rate volatility and money demand stability are discussed. Tests of linear restrictions using dummy variable specifications as well as ex post forecasts suggest that there has been a change in the interest elasticity as well as the intercept of the money demand function in 1979. The empirical specifications examined in this study use a partial-adjustment model and employ appropriate econometric techniques to obtain consistent and efficient coefficient estimates. Finally a reduced-form model of the money market is used to compare out-of-sample forecasts from alternative operating procedures.
Show less - Date Issued
- 1985
- PURL
- http://purl.flvc.org/fcla/dt/14238
- Subject Headings
- Monetary policy, Money--United States
- Format
- Document (PDF)