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Title: AN ANALYSIS OF PUBLIC EXPENDITURE FOR FLORIDA METROPOLITAN AND NON-METROPOLITAN COUNTIES.
Creator: MURPHY, JOSEPH WILLIAM., Florida Atlantic University, Hemley, David D., College of Business, Department of Economics
Abstract/Description: This study deals with development, estimation, and application of a constrained welfare maximization model to the counties of the state of Florida. This model was suggested by James M. Henderson and is developed from microeconomic concepts. A survey of the literature concerning public expenditure begins the study. This is proceeded by the derivation of the regression equations which are derived from the concept of constrained welfare maximization. Estimation of the model involves aggregation...
Show moreThis study deals with development, estimation, and application of a constrained welfare maximization model to the counties of the state of Florida. This model was suggested by James M. Henderson and is developed from microeconomic concepts. A survey of the literature concerning public expenditure begins the study. This is proceeded by the derivation of the regression equations which are derived from the concept of constrained welfare maximization. Estimation of the model involves aggregation into metropolitan counties and non-metropolitan counties of Florida county data and the subsequent categorization of counties. Empirical estimation of the desired coefficient enables the exumination of the involved elasticities and the endogenous variable response to changes in the exogenous variables.
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Date Issued: 1974
PURL: http://purl.flvc.org/fcla/dt/13652
Subject Headings: Expenditures, Public, Florida--Economic conditions
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: 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: 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.
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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: 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: 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.
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Date Issued: 1975
PURL: http://purl.flvc.org/fcla/dt/13724
Subject Headings: Quantity theory of money, Coinage
Format: Document (PDF)

Title: THE INFLUENCE OF THE INSTITUTIONAL SCHOOL OF ECONOMICS ON MANPOWER LEGISLATION.
Creator: CRUMLEY, RICHARD EARL., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
Abstract/Description: The rise of exploitative Banker Capitalism since the Civil War precipitated the development of a social welfare school of applied economics that is called institutional economics. This thesis reviews the major contributors to the field (Commons, Veblen and Mitchell) and the resulting manpower legislation that went into effect as the result of their efforts.
Date Issued: 1975
PURL: http://purl.flvc.org/fcla/dt/13728
Subject Headings: Institutional economics
Format: Document (PDF)

Title: ALTERNATIVE INCOME SPECIFICATION IN MACROECONOMIC MODELS.
Creator: MELEAR, ERIK LAMONT., Florida Atlantic University, Hemley, David D., College of Business, Department of Economics
Abstract/Description: This thesis emphasizes and evaluates the effect of different income specifications, absolute, relative and permanent, in the various stochastic equations comprising a macroeconomic model. Multiple least squares regression is employed to estimate the stochastic equations; and a dynamic multiplier simulation program evaluates the stability and calculates the impact and interim dynamic multipliers of each resultant model. The results point to an absolute income specification with the quickest...
Show moreThis thesis emphasizes and evaluates the effect of different income specifications, absolute, relative and permanent, in the various stochastic equations comprising a macroeconomic model. Multiple least squares regression is employed to estimate the stochastic equations; and a dynamic multiplier simulation program evaluates the stability and calculates the impact and interim dynamic multipliers of each resultant model. The results point to an absolute income specification with the quickest response to fiscal and monetary policy. In addition, there are inherent specification problems as enlightened by review of the size of the total impact multipliers.
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Date Issued: 1975
PURL: http://purl.flvc.org/fcla/dt/13736
Subject Headings: Income--Mathematical models
Format: Document (PDF)

Title: AN AREA OF CRITICAL ENVIRONMENTAL CONCERN: THE CASE OF THE FLORIDA KEYS.
Creator: CRAWFORD, CAROL COOPER., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
Abstract/Description: This thesis includes an overview of modern land use regulation from the Euclid decision in 1926 to the American Law Institute's Model Land Development Code. The main emphasis of this thesis is the Code's "districts of critical state concern". Florida, in enacting the Environmental Land and Water Management Act in 1972, used the ALI Code as a model for its "areas of critical state concern". The Florida Keys are studied in this thesis in regards to this type of designation in order to research...
Show moreThis thesis includes an overview of modern land use regulation from the Euclid decision in 1926 to the American Law Institute's Model Land Development Code. The main emphasis of this thesis is the Code's "districts of critical state concern". Florida, in enacting the Environmental Land and Water Management Act in 1972, used the ALI Code as a model for its "areas of critical state concern". The Florida Keys are studied in this thesis in regards to this type of designation in order to research the intergovernmental aspects and problems of this legislation. A survey of the people of the Keys and interviews with their elected officials during the first few months following their designation as one of critical state concern uncovered some of the inherent difficulties involved when the state imposes its guidelines on a local municipality within the ALI context.
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Date Issued: 1975
PURL: http://purl.flvc.org/fcla/dt/13750
Subject Headings: Land use--Law and legislation--Florida--Florida Keys, Florida Keys (Fla)
Format: Document (PDF)

Title: A LINEAR PROGRAMMING ANALYSIS OF A MANUFACTURING FIRM IN A LESS DEVELOPEDCOUNTRY.
Creator: GOMPF, JUAN FELIPE., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: The firm studied engages in the manufacture of metal products; the country is Colombia. The most striking characteristics discussed in Chapter one are the following: (a) the chronic shortage of capital in all its forms; (b) the shortage of skilled labor; (c) the small size and low sophistication of most markets. Linear Programming is an efficient scientific management tool, based on sound economic theory. Chapter two is devoted to the exploration of the theoretical background of Linear...
Show moreThe firm studied engages in the manufacture of metal products; the country is Colombia. The most striking characteristics discussed in Chapter one are the following: (a) the chronic shortage of capital in all its forms; (b) the shortage of skilled labor; (c) the small size and low sophistication of most markets. Linear Programming is an efficient scientific management tool, based on sound economic theory. Chapter two is devoted to the exploration of the theoretical background of Linear Programming. Linear Programming is shown to be very useful in analyzing a firm as a system, considering a multitude of elements simultaneously. The model studied in Chapter three yields a wealth of information about adjustments to improve future performance despite being fundamentally a static model. It also provides an extremely useful tool to study the firm's adaptive behavior to environmental changes thus focusing on underdevelopment at the individual firm's level.
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Date Issued: 1976
PURL: http://purl.flvc.org/fcla/dt/13770
Subject Headings: Linear programming
Format: Document (PDF)

Title: AN INPUT-OUTPUT MODEL OF THE FLORIDA GOLD COAST.
Creator: ORESKA, JULIUS FRANK., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: An input-output model was applied to 1972 Florida Gold Coast regional data, by reducing the 1967 National Input-Output table using the simple location quotient technique of Schaffer and Chu. Input-Output theory and several location quotient techniques were presented prior to the actual exposition of the Gold Coast model. Examples of applications of the model to problems of the region, such as the impact of tourism and housing developments were presented, along with results of the model, and a...
Show moreAn input-output model was applied to 1972 Florida Gold Coast regional data, by reducing the 1967 National Input-Output table using the simple location quotient technique of Schaffer and Chu. Input-Output theory and several location quotient techniques were presented prior to the actual exposition of the Gold Coast model. Examples of applications of the model to problems of the region, such as the impact of tourism and housing developments were presented, along with results of the model, and a multiplier analysis of the Gold Coast region.
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Date Issued: 1976
PURL: http://purl.flvc.org/fcla/dt/13792
Subject Headings: Input-output analysis, Palm Beach County (Fla)--Economic conditions, Broward County (Fla)--Economic conditions, Metropolitan Dade County (Fla)--Economic conditions, Miami-Dade County (Fla)--Economic conditions
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.
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Date Issued: 1976
PURL: http://purl.flvc.org/fcla/dt/13793
Subject Headings: Urban economics, Miami Beach (Fla)--Economic conditions
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.
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Date Issued: 1976
PURL: http://purl.flvc.org/fcla/dt/13798
Subject Headings: Public utilities, Public utilities--Rate of return
Format: Document (PDF)

Title: THE FOREIGN EXCHANGE CONSTRAINT ON THE ECONOMIC DEVELOPMENT OF IRAN (1965-74).
Creator: ERFANI-EZATI, GOSHTASB., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis focuses on the foreign exchange constraint on the economic development. An analysis of the foreign exchange constraint on the economic development of Iran was made for the 1965-73 period. An econometric model was constructed and estimated. It was found that the prediction of the two-gap model was confirmed for Iran during the 1960's, i.e. the supply of foreign exchange was the major constraint on Iran's growth during the sample period.
Date Issued: 1976
PURL: http://purl.flvc.org/fcla/dt/13802
Subject Headings: Foreign exchange--Iran, Iran--Economic conditions--1945-1979
Format: Document (PDF)

Title: REVENUE RESPONSIVENESS AND EQUITY: A STUDY OF THE FLORIDA TAX STRUCTURE.
Creator: PATNEAU, AUSTIN FRANK., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
Date Issued: 1976
PURL: http://purl.flvc.org/fcla/dt/13811
Subject Headings: Taxation--Florida, Revenue--Florida, Tax incidence--Florida
Format: Document (PDF)

Title: A REVIEW OF THE LIFE CYCLE HYPOTHESIS OF CONSUMPTION AND SAVING.
Creator: SHELOR, CARROLL FREDERICK., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis reviews the major literature associated with the Life Cycle Hypothesis of Consumption and Saving as formulated by Franco Modigliani, Richard Brumberg and Albert Ando. The initial microeconomic formulation of the theoretical model of individual consumer behavior in terms of life time planning was examined under conditions of both stability and growth. Next, the attempts to seek empirical support for the propositions of the theory in cross-section survey data and the tests of the...
Show moreThis thesis reviews the major literature associated with the Life Cycle Hypothesis of Consumption and Saving as formulated by Franco Modigliani, Richard Brumberg and Albert Ando. The initial microeconomic formulation of the theoretical model of individual consumer behavior in terms of life time planning was examined under conditions of both stability and growth. Next, the attempts to seek empirical support for the propositions of the theory in cross-section survey data and the tests of the aggregate implications of the theory were examined. It was concluded that within the current conceptual framework of macroeconomics the theory has a fairly high level of explanatory force, and should further future inquiry.
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Date Issued: 1976
PURL: http://purl.flvc.org/fcla/dt/13814
Subject Headings: Consumption (Economics)
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: AUTOMATIC STABILIZERS DURING STAGFLATION.
Creator: MCINTIRE, RICHARD MICHAEL., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
Abstract/Description: This thesis explored the impact of inflation upon fiscal automatic stabilizers during the 1973-75 recession. Our study confined itself to the three main devices purported to stabilize the U.S. economy automatically: (1) federal personal income tax liability, (2) corporate profits tax liability, and (3) unemployment compensation benefits. A recursive model, similar to that used by Dusenberry, Eckstein, and Fromm to study fiscal automatic stabilizers in the 1957-58 recession, was constructed....
Show moreThis thesis explored the impact of inflation upon fiscal automatic stabilizers during the 1973-75 recession. Our study confined itself to the three main devices purported to stabilize the U.S. economy automatically: (1) federal personal income tax liability, (2) corporate profits tax liability, and (3) unemployment compensation benefits. A recursive model, similar to that used by Dusenberry, Eckstein, and Fromm to study fiscal automatic stabilizers in the 1957-58 recession, was constructed. Our simulation results led us to conclude that there was a substantial reduction in output and employment due to the impact of inflation upon federal personal income tax liability in the 1973-75 recession. We reached a tentative conclusion that the effects of inflation upon output and employment via corporate profits tax liability were negligible. Finally, we concluded that the effects of inflation upon output and employment via unemployment compensation benefits paid were negligible in the recent stagflation.
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Date Issued: 1978
PURL: http://purl.flvc.org/fcla/dt/13919
Subject Headings: Economics, Mathematical, United States--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: 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.
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Date Issued: 1978
PURL: http://purl.flvc.org/fcla/dt/13927
Subject Headings: Stochastic analysis, Stochastic integral equations
Format: Document (PDF)

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