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- Title
- ECONOMIC IMPACT ANALYSIS OF THE AREA OF CRITICAL STATE CONCERN DESIGNATION ON THE FLORIDA KEYS.
- Creator
- YORK, MARIE LANGE., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
- Abstract/Description
-
The state of Florida recognized that the negative effects of development in the Florida Keys were extending beyond the local area and affecting the broader interests of the state itself. In an attempt to regulate growth and its effects, the state, in 1975, designated the archipelago off its southern coast an Area of Critical State Concern. Besides the environmental changes, this designation and its accompanying land use regulations have t he potential to create economic impacts. This thesis...
Show moreThe state of Florida recognized that the negative effects of development in the Florida Keys were extending beyond the local area and affecting the broader interests of the state itself. In an attempt to regulate growth and its effects, the state, in 1975, designated the archipelago off its southern coast an Area of Critical State Concern. Besides the environmental changes, this designation and its accompanying land use regulations have t he potential to create economic impacts. This thesis analyzes the Keys' economy and determines if the critical area designation impacted the local economy.
Show less - Date Issued
- 1982
- PURL
- http://purl.flvc.org/fcla/dt/14138
- Subject Headings
- Land use--Law and legislation--Florida--Florida Keys, Florida Keys (Fla), Monroe County (Fla)--Economic conditions, Charlotte County (Fla)--Economic conditions
- 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
- 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.
Show less - Date Issued
- 1972
- PURL
- http://purl.flvc.org/fcla/dt/13521
- Subject Headings
- Economics, Mathematical
- 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
- 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)
- 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.
Show less - 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
- 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
- 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
- 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
- ALTERNATIVE VIEWS OF THE ECONOMIC EFFECTS OF GOVERNMENT DEFICITS.
- Creator
- TROMBINO, FRANK V., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
Federal government budget deficits and federal government debt have been the cause of controversy and debate in recent years. Economists have argued over the effects of government debt and government deficits in the economy. Of particular interest is the view that associates large government deficits and government debt to higher rates of interest and to reduced private investment in the economy. An alternative view contends that federal budget deficits and federal debt have no effect on...
Show moreFederal government budget deficits and federal government debt have been the cause of controversy and debate in recent years. Economists have argued over the effects of government debt and government deficits in the economy. Of particular interest is the view that associates large government deficits and government debt to higher rates of interest and to reduced private investment in the economy. An alternative view contends that federal budget deficits and federal debt have no effect on interest rates and private investment in the economy. Statistical techniques were used to test both views regarding the effects of budget deficits.
Show less - Date Issued
- 1986
- PURL
- http://purl.flvc.org/fcla/dt/14335
- Subject Headings
- Budget deficits--United States, Fiscal policy--United States
- 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.
Show less - 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
- 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
- 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.
Show less - 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
- 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
- Balance of payments theories and the impact of currency devaluation with reference to the Gambia.
- Creator
- Taal, Badara Alioune F., Florida Atlantic University, Scott, Gerald E., College of Business, Department of Economics
- Abstract/Description
-
Balance of payments theories have been developed to examine the impact of various factors in a nation's payments position. This thesis sets out to investigate the impact of currency devaluation in small LDC nations, particularly the Gambia. The Gambia has been struggling with balance of payment deficits brought about by many factors, amongst which external debt service payments have played a very significant role. The models recommended by the various theories are very closely examined in...
Show moreBalance of payments theories have been developed to examine the impact of various factors in a nation's payments position. This thesis sets out to investigate the impact of currency devaluation in small LDC nations, particularly the Gambia. The Gambia has been struggling with balance of payment deficits brought about by many factors, amongst which external debt service payments have played a very significant role. The models recommended by the various theories are very closely examined in this endeavour followed by an empirical analysis to specifically determine the exact nature of the impact of currency devaluation to the economy of the Gambia.
Show less - Date Issued
- 1993
- PURL
- http://purl.flvc.org/fcla/dt/14905
- Subject Headings
- Gambia--Economic conditions, Developing countries--Economic conditions, Devaluation of currency--Gambia, Balance of payments--Gambia
- 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.
Show less - 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
- FACILITATING THE EMERGENCE OF AN EXPORT BASE IN EXISTING COMMUNITIES.
- Creator
- SKULMIS, VILIS H., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
- Abstract/Description
-
The development of a theory for facilitating the emergence of an export base in existing communities. Through examination of various challenge response mechanisms that operate on an existing community during the emergence of a new export base, with the inclusion of other factors that influence the recovery from stagnation which preceeds recovery, a theoretical construct is developed to give insight us to how lags between stagnation and recovery can be shortened. An application of the...
Show moreThe development of a theory for facilitating the emergence of an export base in existing communities. Through examination of various challenge response mechanisms that operate on an existing community during the emergence of a new export base, with the inclusion of other factors that influence the recovery from stagnation which preceeds recovery, a theoretical construct is developed to give insight us to how lags between stagnation and recovery can be shortened. An application of the development is included at the end of each chapter to the City of Miami Beach, Florida.
Show less - Date Issued
- 1976
- PURL
- http://purl.flvc.org/fcla/dt/13793
- Subject Headings
- Urban economics, Miami Beach (Fla)--Economic conditions
- 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
- Health care expenditures in the United States and five industrialized economies: A pooled time-series cross-section model.
- Creator
- Shah, Sandhya K., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
- Abstract/Description
-
This thesis empirically analyzes the determinants of national health care expenditures in the United States and five other industrialized economies. A reduced-form model for national health care expenditures, based upon a partial-adjustment mechanism, is specified as a function of supply and demand factors in interrelated markets in the medical sector and estimated for the United States for the period 1960 to 1990. A pooled model is also estimated for a cross-section of six industrialized...
Show moreThis thesis empirically analyzes the determinants of national health care expenditures in the United States and five other industrialized economies. A reduced-form model for national health care expenditures, based upon a partial-adjustment mechanism, is specified as a function of supply and demand factors in interrelated markets in the medical sector and estimated for the United States for the period 1960 to 1990. A pooled model is also estimated for a cross-section of six industrialized economies based upon time series data from 1976 to 1990 for each country. The results suggest that income, technological change, and inflation have a significant impact on national health care expenditures.
Show less - Date Issued
- 1994
- PURL
- http://purl.flvc.org/fcla/dt/15109
- Subject Headings
- Medical care, Cost of, Medical care--Cost control, Medical economics
- Format
- Document (PDF)
- Title
- Econometric models of individual house prices.
- Creator
- Schuler, Frederick Gerard., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
- Abstract/Description
-
This thesis takes a theoretical and analytical look at the implicit prices of housing characteristics in a South Florida submarket. Chapter II analyzes some of the vast body of previous studies that employ Econometric Techniques. Chapter III presents the information revealed by an examination of South Florida data. Several different models are tested and compared. Locational differences between properties are measured and accounted for. Increasing and diminishing returns of certain house...
Show moreThis thesis takes a theoretical and analytical look at the implicit prices of housing characteristics in a South Florida submarket. Chapter II analyzes some of the vast body of previous studies that employ Econometric Techniques. Chapter III presents the information revealed by an examination of South Florida data. Several different models are tested and compared. Locational differences between properties are measured and accounted for. Increasing and diminishing returns of certain house characteristics are considered. Chapter IV uses econometric models to analyze tax assessment bias and to test the efficiency of the housing market. Chapter V is a summary of the conclusions and recommendations generated by this analysis.
Show less - Date Issued
- 1989
- PURL
- http://purl.flvc.org/fcla/dt/14522
- Subject Headings
- House buying--Florida, Real property--Florida--Econometric models
- Format
- Document (PDF)