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Title: THE EFFECT OF WAR ON U.S. ECONOMIC GROWTH: COMPARING THE KOREAN WAR, VIETNAM WAR AND WARS IN MIDDLE EAST.
Creator: Lee, Chaewoong, Yuhn, Ky-Hyang, Florida Atlantic University, Department of Economics, College of Business
Abstract/Description: Analyzing the effect of military expenditure on economic growth has been an essential task for U.S economists. This thesis analyzed macroeconomic components for the last 70 years by estimating the ordinary least squares (OLS) regression model and vector autoregressive model. To interpret the empirical analysis, historical analysis of the Korean War, the Vietnam War, and the Wars in the Middle East, was made. One found the negative effect of military spending during wartime on the economic...
Show moreAnalyzing the effect of military expenditure on economic growth has been an essential task for U.S economists. This thesis analyzed macroeconomic components for the last 70 years by estimating the ordinary least squares (OLS) regression model and vector autoregressive model. To interpret the empirical analysis, historical analysis of the Korean War, the Vietnam War, and the Wars in the Middle East, was made. One found the negative effect of military spending during wartime on the economic growth of the United States. This thesis suggests that the policymakers and military commanders should focus on shortening the state of war to minimize economic damage to the United States.
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Date Issued: 2020
PURL: http://purl.flvc.org/fau/fd/FA00013506
Subject Headings: Economic development--United States, Korean War, 1950-1953, Vietnam War, 1961-1975, War--Middle East, Military spending, Macroeconomics
Format: Document (PDF)

Title: HABIT, EMULATION, AND SURVIVAL IN THE SUPERMARKET.
Creator: Brundage, Brendan, Boudreaux, Christopher, Florida Atlantic University, Department of Economics, College of Business
Abstract/Description: Substantivism helps us appreciate two views on the meaning of the economy: the institutional view and the neoclassical view. This study analyzes the behaviors of producers and consumers in the supermarket industry and finds that the neoclassical school lacks a realistic behavioral theory. We observe that institutional behavioral theory is closer to reality because it recognizes that consumers are affected by their social environment through habit and emulation, and producers are survival...
Show moreSubstantivism helps us appreciate two views on the meaning of the economy: the institutional view and the neoclassical view. This study analyzes the behaviors of producers and consumers in the supermarket industry and finds that the neoclassical school lacks a realistic behavioral theory. We observe that institutional behavioral theory is closer to reality because it recognizes that consumers are affected by their social environment through habit and emulation, and producers are survival maximizers. These social obstacles prevent humans from acting like homoeconomicus. We focus only on the supermarket industry, but this conclusion can be applied to all industries.
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Date Issued: 2020
PURL: http://purl.flvc.org/fau/fd/FA00013536
Subject Headings: Economics, Supermarkets, Consumer behavior, Economy
Format: Document (PDF)

Title: Entropic Considerations of Efficiency in the West Texas Intermediate Crude Oil Futures Market.
Creator: Sagul, Ryan, Yuhn, Ky-hyang, Florida Atlantic University, College of Business, Department of Economics
Abstract/Description: For the last fifty years, the efficient market hypothesis has been the central pillar of economic thought and touted by all, despite Sanford Grossman’ and Nobel prize winner Joseph Stiglitz’ objection in 1980. Andrew Lo updated the efficient market hypothesis in 2004 to reconcile irrational human behavior and cold, calculating automatons. This thesis utilizes 33 years of oil futures, GARCH regressions, and the Jensen-Shannon informational criteria to provide extensive empirical objections to...
Show moreFor the last fifty years, the efficient market hypothesis has been the central pillar of economic thought and touted by all, despite Sanford Grossman’ and Nobel prize winner Joseph Stiglitz’ objection in 1980. Andrew Lo updated the efficient market hypothesis in 2004 to reconcile irrational human behavior and cold, calculating automatons. This thesis utilizes 33 years of oil futures, GARCH regressions, and the Jensen-Shannon informational criteria to provide extensive empirical objections to informational efficiency. The results demonstrate continuously inefficient oil future markets which exhibit decreased informational efficiency during recessionary periods, advocating the adaptive market hypothesis over the efficient market hypothesis.
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Date Issued: 2016
PURL: http://purl.flvc.org/fau/fd/FA00004730, http://purl.flvc.org/fau/fd/FA00004730
Subject Headings: Capital market -- Psychological aspects, Energy industries -- Risk management, Financial risk management -- Mathematical models, Futures, Investment analysis, Petroleum industry and trade -- Economic aspects, Stocks -- Mathematical models
Format: Document (PDF)

Title: 2016-2017 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2016-2017
PURL: http://purl.flvc.org/fau/fd/FA00007760
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: 2015-2016 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2015-2016
PURL: http://purl.flvc.org/fau/fd/FA00007759
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: 2014-2015 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2014-2015
PURL: http://purl.flvc.org/fau/fd/FA00007758
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: 2013-2014 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2013-2014
PURL: http://purl.flvc.org/fau/fd/FA00007757
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: 2012-2013 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2012-2013
PURL: http://purl.flvc.org/fau/fd/FA00007756
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: 2010-2011 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2010-2011
PURL: http://purl.flvc.org/fau/fd/FA00007755
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: The impact of the informal economic GDP growth in Latin America and the Caribbean.
Creator: Wedderburn, Chantal., College of Business, Department of Economics
Abstract/Description: The informal, underground or shadow economy is a significant, growing force throughout Latin America and the Caribbean, contributing to overall output, yet diminishing productivity, congesting public services, and depriving developing nations of potential fiscal revenues. This paper discusses the various definitions and methods of measurement of the informal sector, with the aim of showing the importance of collecting taxes in informal economies. Informal economy participants engage in tax...
Show moreThe informal, underground or shadow economy is a significant, growing force throughout Latin America and the Caribbean, contributing to overall output, yet diminishing productivity, congesting public services, and depriving developing nations of potential fiscal revenues. This paper discusses the various definitions and methods of measurement of the informal sector, with the aim of showing the importance of collecting taxes in informal economies. Informal economy participants engage in tax evasion and avoidance of governmental regulations, therefore the implications of excessive tax burdens and onerous bureaucracy are studied, with a focus on their impact on GDP growth. Informal sector enterprises can greatly contribute to the official, recorded GDP measures if they have significant incentives to joining the formal sector. These incentives are presented and must be considered seriously by policymakers concerned with capturing additional tax revenues and improving economic growth in their nations.
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Date Issued: 2009
PURL: http://purl.flvc.org/FAU/186773
Subject Headings: Gross domestic product, Gross domestic product, International economic relations, Economic conditions, Economic conditions
Format: Document (PDF)

Title: 2009-2010 Program Review Economics.
Creator: Florida Atlantic University Office of Institutional Effectiveness & Analysis, Department of Economics, College of Business
Abstract/Description: Florida Atlantic University Departmental Dashboard Indicators. Department program reviews for College of Business, Florida Atlantic University.
Date Issued: 2009-2010
PURL: http://purl.flvc.org/fau/fd/FA00007754
Subject Headings: Florida Atlantic University -- History
Format: Document (PDF)

Title: Duration and the prices of common stocks.
Creator: Konnan, Yehuda A., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: In finance, the term 'duration' means the effective length of a financial obligation which is discharged in installments. This concept has a number of applications in finance like calculating the change in the price of bonds due to the change in interest rates, immunizing the value of bonds, etc. Common stocks are also financial obligations and are considered to have durations. For bonds and similar strong contractual obligations, duration and its applications are clear cut and are used...
Show moreIn finance, the term 'duration' means the effective length of a financial obligation which is discharged in installments. This concept has a number of applications in finance like calculating the change in the price of bonds due to the change in interest rates, immunizing the value of bonds, etc. Common stocks are also financial obligations and are considered to have durations. For bonds and similar strong contractual obligations, duration and its applications are clear cut and are used widely. For common stocks duration evaluation is difficult and its practical applications hardly exist. Moreover, there are no publications of numerical results where duration was applied to common stocks. These facts make it doubtful whether duration can be applied to common stocks. The results of the empirical research here, with numerical results, make it doubtful that duration can be applied to common stocks or to explain price fluctuations of common stocks.
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Date Issued: 1997
PURL: http://purl.flvc.org/fcla/dt/15368
Subject Headings: Investments--Mathematics, Stocks--Prices, Interest rates
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.
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Date Issued: 1996
PURL: http://purl.flvc.org/fcla/dt/15256
Subject Headings: Inflation (Finance)--Brazil, Economic stabilization--Brazil
Format: Document (PDF)

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.
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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: Interest rates and inflation: An analysis of monetary policy.
Creator: Steele, Sandra C., Florida Atlantic University, Yuhn, Ky-hyang, College of Business, Department of Economics
Abstract/Description: The main contribution of this thesis is the determination of how long it takes for an adjustment in the short-term interest rate to effect inflation. In order to ascertain this, a good amount of economic theory is covered, including a rudimentary explanation of inflation and interest rates, a brief history of monetary policy in the United States, an analysis of the relationship between long- and short-term interest rates, the importance of credibility and inertia, and a detailed review of...
Show moreThe main contribution of this thesis is the determination of how long it takes for an adjustment in the short-term interest rate to effect inflation. In order to ascertain this, a good amount of economic theory is covered, including a rudimentary explanation of inflation and interest rates, a brief history of monetary policy in the United States, an analysis of the relationship between long- and short-term interest rates, the importance of credibility and inertia, and a detailed review of interest rate policy since 1979. This, in conjunction with empirical analysis, does in fact offer an answer to this question.
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Date Issued: 1995
PURL: http://purl.flvc.org/fcla/dt/15181
Subject Headings: Inflation (Finance), Interest rates--United States--Effect of inflation on, Monetary policy--United States, Interest rates--Government policy--United States
Format: Document (PDF)

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.
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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: International shocks and interdependence: Cointegration results from the major equity markets.
Creator: Croce, Robert William., Florida Atlantic University, Yuhn, Ky-hyang, College of Business, Department of Economics
Abstract/Description: This study subjects the world's major stock markets to cointegration tests in an effort to respond to the common investigation that the major equity markets tend to move together with the U.S. market. The relationships between the United States and Canada, France, Germany, Japan, and the United Kingdom will be investigated. Not only will the entire period of 1970-1991.3 be examined, but the pre-1987 crash and the post-1987 crash periods as well. In addition, the Chow test will be employed to...
Show moreThis study subjects the world's major stock markets to cointegration tests in an effort to respond to the common investigation that the major equity markets tend to move together with the U.S. market. The relationships between the United States and Canada, France, Germany, Japan, and the United Kingdom will be investigated. Not only will the entire period of 1970-1991.3 be examined, but the pre-1987 crash and the post-1987 crash periods as well. In addition, the Chow test will be employed to probe for any structural change occurrence relating to the worldwide stock market crash of October 1987. Evidence of cointegration is found to exist vis-a-vis the U.S. with the U.K. and Germany for the entire period; however, since the crash, only the U.K. and Japan have exhibited equilibrium relations. Absolutely no cointegration was detected for Canada nor France with the U.S. market.
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Date Issued: 1995
PURL: http://purl.flvc.org/fcla/dt/15228
Subject Headings: Stock exchanges, Stock Market Crash, 1987, International finance, Financial institutions, International
Format: Document (PDF)

Title: Economic transition, the case of China.
Creator: Lin, Min., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis is a study of China's economic transition from the traditional Soviet type socialist command economy which existed before 1978 to a market economy which China wants to achieve. Historical comparisons are applied to see the difference between early economic development and present reform efforts in China. The problems that China has encountered during the transition period also are presented and analysis are given.
Date Issued: 1995
PURL: http://purl.flvc.org/fcla/dt/15172
Subject Headings: China--Economic policy--1976-, Capitalism--China, China--Economic conditions
Format: Document (PDF)

Title: American lookback options: Early exercise.
Creator: Abramov, Viatcheslav Alexander., Florida Atlantic University, Yuhn, Ky-hyang, College of Business, Department of Economics
Abstract/Description: Lookback options are path dependent contingent claims whose payoff depend on the extrema of a given security's price over a given period. Some of these options are already traded on specialized markets (such as foreign exchange) and mostly in over-the-counter market alongside with other path dependent options (knock-ins, knock-outs, etc.). This thesis examines the existing pricing models of conventional options as well as standard European lookback options and provides some results about...
Show moreLookback options are path dependent contingent claims whose payoff depend on the extrema of a given security's price over a given period. Some of these options are already traded on specialized markets (such as foreign exchange) and mostly in over-the-counter market alongside with other path dependent options (knock-ins, knock-outs, etc.). This thesis examines the existing pricing models of conventional options as well as standard European lookback options and provides some results about early exercise of their American counterparts with the use of notions from the theory of optimal stopping.
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Date Issued: 1995
PURL: http://purl.flvc.org/fcla/dt/15177
Subject Headings: Options (Finance), Derivative securities
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.
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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)

Legacy FAU Student Theses and Dissertations 1967-2006 (107)	+ -
FAU College Collections (7)	+ -
Current FAU Student Theses and Dissertations 2007 to date (4)	+ -

Florida Atlantic University -- History (7)	+ -
Economics, Mathematical (3)	+ -
Investment analysis (3)	+ -
Monetary policy (3)	+ -
Broward County (Fla)--Economic conditions (2)	+ -

Budget deficits--United States (2)	+ -
Consumption (Economics) (2)	+ -
Developing countries--Economic conditions (2)	+ -
Econometrics (2)	+ -
Economic development (2)	+ -
Economics, Finance (2)	+ -
Economics, General (2)	+ -
Economics--Mathematical models (2)	+ -
Estimation theory (2)	+ -
Florida Keys (Fla) (2)	+ -
Florida--Economic conditions (2)	+ -
Land use--Law and legislation--Florida--Florida Keys (2)	+ -
Macroeconomics (2)	+ -
Metropolitan Dade County (Fla)--Economic conditions (2)	+ -
Monroe County (Fla)--Economic conditions (2)	+ -
Oligopolies (2)	+ -
Palm Beach County (Fla)--Economic conditions (2)	+ -
Time-series analysis (2)	+ -
United States--Economic conditions--1918-1945 (2)	+ -
United States--Economic conditions--1945- (2)	+ -
Access to airports--Florida (1)	+ -
Accounting and price fluctuations (1)	+ -
African Americans--Economic conditions (1)	+ -
Airports--Florida--Location (1)	+ -
Airports--Florida--Planning (1)	+ -

Caribbean Area (1)	+ -
Latin America (1)	+ -

Electronic Thesis or Dissertation (111)	+ -
Program Review (7)	+ -

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