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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: 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: AN ANALYSIS OF ALIEN EXPULSION IN GHANA.
Creator: BEVAN, LINDA ESTELLE RACE., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
Abstract/Description: The rising fervor of nationalism in post-colonial Ghana culminated in hatred of foreigners and fear of alien control of economic enterprises. As a result of this growing anti-alien sentiment, all aliens without valid residence permits were expelled from Ghana in late 1969. The purpose of alien expulsion was to increase domestic employment by offering to Ghanaians the positions previously held by aliens. This thesis examines the economic logic of alien expulsion. Certain assumptions had to...
Show moreThe rising fervor of nationalism in post-colonial Ghana culminated in hatred of foreigners and fear of alien control of economic enterprises. As a result of this growing anti-alien sentiment, all aliens without valid residence permits were expelled from Ghana in late 1969. The purpose of alien expulsion was to increase domestic employment by offering to Ghanaians the positions previously held by aliens. This thesis examines the economic logic of alien expulsion. Certain assumptions had to have been made in order for alien expulsion to increase domestic employment. Each of these assumptions is examined to see if it accurately depicted the conditions it described. The results of alien expulsion are then examined in light of the logic set up by this thesis.
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Date Issued: 1972
PURL: http://purl.flvc.org/fcla/dt/13530
Subject Headings: Aliens--Law and legislation--Ghana, Unemployment--Ghana, Ghana--Economic policy, Ghana--Politics and government--1957-1979
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: 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: DENTAL PRODUCTIVITY POTENTIAL IN FLORIDA.
Creator: EFSTATHIOU, PANOS E., Florida Atlantic University, Scheidell, John M., College of Business, Department of Economics
Abstract/Description: This thesis contains an investigation of the potential for increasing dental productivity in Florida. This investigation of the Florida dental care industry is conducted from a micro-economic-theoretical perspective. It is performed under a methodological framework that incorporates the estimation of a dental production function for Florida using data on general practices from the ADA 1977 Survey of Dental Practice and employing the transcendental logarithmic production function. As a...
Show moreThis thesis contains an investigation of the potential for increasing dental productivity in Florida. This investigation of the Florida dental care industry is conducted from a micro-economic-theoretical perspective. It is performed under a methodological framework that incorporates the estimation of a dental production function for Florida using data on general practices from the ADA 1977 Survey of Dental Practice and employing the transcendental logarithmic production function. As a complement to this estimation a survey of the relevant literature and an examination of the general characteristics of Florida dental practices are presented. The general implication is that the productivity of Florida practices could be increased and associated delivery costs could be reduced by expanding the market for dental services, adding more staff, and increasing the number of dentists per practice, as well as by a more efficient use of dental personnel including auxiliaries with expanded functions.
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Date Issued: 1982
PURL: http://purl.flvc.org/fcla/dt/14107
Subject Headings: Dental economics--Florida
Format: Document (PDF)

Title: Bayesian econometrics: Analysis and illustrations.
Creator: Giakoumatos, Gerasimos S., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis presents the theory and an application of Bayesian econometrics. The classical theory of econometrics is also presented for a comparison study. In the Bayesian case the theory of the prior information, which is the distinguishing characteristic of the Bayesian approach, is presented by considering the cases of informative and non-informative priors. The classical and Bayesian approach represent the two fundamental, although opposite in the concept of probability, schools of...
Show moreThis thesis presents the theory and an application of Bayesian econometrics. The classical theory of econometrics is also presented for a comparison study. In the Bayesian case the theory of the prior information, which is the distinguishing characteristic of the Bayesian approach, is presented by considering the cases of informative and non-informative priors. The classical and Bayesian approach represent the two fundamental, although opposite in the concept of probability, schools of thought in statistics and econometrics. An application to the estimation of standard macroeconomic equations is also included where both classical and Bayesian techniques are employed.
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Date Issued: 1988
PURL: http://purl.flvc.org/fcla/dt/14484
Subject Headings: Bayesian statistical decision theory
Format: Document (PDF)

Title: COMPETITION AND PRICES IN A PERFECTLY COMPETITIVE ECONOMY.
Creator: HORNER, GEORGE FRENCH, JR., Florida Atlantic University, Scheidell, John M., College of Business, Department of Economics
Abstract/Description: In classical economic theory, competition consisted of buyers outbidding one another and sellers underbidding one another; and it was argued that, for sufficiently large markets, competition would yield uniform prices in equilibrium. Neoclassical economists subsequently investigated the role of preferences in trading, concluding that, in equilibrium, each trader would obtain the most desirable commodity bundle affordable at prevailing prices, given his initial resources. In the process,...
Show moreIn classical economic theory, competition consisted of buyers outbidding one another and sellers underbidding one another; and it was argued that, for sufficiently large markets, competition would yield uniform prices in equilibrium. Neoclassical economists subsequently investigated the role of preferences in trading, concluding that, in equilibrium, each trader would obtain the most desirable commodity bundle affordable at prevailing prices, given his initial resources. In the process, however, neoclassical economists ultimately made price uniformity an assumption, assumed individuals incapable of influencing prices under any circumstances, and redefined competition to mean price-taking behavior. By thus denying individuals any active role in price determination, an inconsistency was introduced into the theory. This thesis eliminates the inconsistency by combining classical competitive behavior and the neoclassical insights into the role of preferences, to produce an axiomatic theory of competition within which the characteristics of equilibrium (uniform prices and utility maximization) are rigorously derived.
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Date Issued: 1982
PURL: http://purl.flvc.org/fcla/dt/14128
Subject Headings: Competition, Prices
Format: Document (PDF)

Title: Concert fee determination: A game-theoretic approach.
Creator: Brooks, Arthur Charles., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis is in three parts. In the first, the cultural economics literature which concerns the labor market for musicians is reviewed and its major theoretical and empirical points are examined. The second part begins by briefly surveying the history and main topics in game theory, providing sufficient background for an understanding of the simplified Rubinstein-Stahl bargaining model, which is then described. The third part applies this model to the process by which concert fees are...
Show moreThis thesis is in three parts. In the first, the cultural economics literature which concerns the labor market for musicians is reviewed and its major theoretical and empirical points are examined. The second part begins by briefly surveying the history and main topics in game theory, providing sufficient background for an understanding of the simplified Rubinstein-Stahl bargaining model, which is then described. The third part applies this model to the process by which concert fees are settled upon, and leads to a number of conclusions. Among these are that subjective discount rates reflect bargaining power in the situation described, and that these discount rates are affected by the notorieties of the parties involved.
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Date Issued: 1994
PURL: http://purl.flvc.org/fcla/dt/15040
Subject Headings: Game theory, Fees, Professional, Musicians--Fees, Performing arts--United States--Finance
Format: Document (PDF)

Title: AN ECONOMETRIC MODEL OF PALM BEACH COUNTY, FLORIDA.
Creator: HILTON, JOHN DAVID., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: The purpose of this thesis is to estimate an econometric model of Palm Beach County, Florida. An econometric model was chosen as the appropriate method for study as the said county is characteristic of a service based final demand economy. An underlying objective was to utilize data on income and employment variables available on a consistent bases from a Regional Economic Information System Data computer tape provided by the u.s. Department of Commerce 1983. These data distinguished among 11...
Show moreThe purpose of this thesis is to estimate an econometric model of Palm Beach County, Florida. An econometric model was chosen as the appropriate method for study as the said county is characteristic of a service based final demand economy. An underlying objective was to utilize data on income and employment variables available on a consistent bases from a Regional Economic Information System Data computer tape provided by the u.s. Department of Commerce 1983. These data distinguished among 11 industries and referred to the years 1967-1983. In conclusion the model shows that ordinary least squares estimation results were generally significant in the signas and goodness of fit. However evidence of positive serial correlation of the disturbances was detected and the results did not change substantially after applying the Cocran-Orcutt procedure.
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Date Issued: 1984
PURL: http://purl.flvc.org/fcla/dt/14197
Subject Headings: Palm Beach County (Fla)--Economic conditions--Mathematical models
Format: Document (PDF)

Title: ECONOMIC DETERMINANTS OF URBAN CRIME RATES.
Creator: FRASER, RUSSELL EDWARD., Florida Atlantic University, McPheters, Lee R., College of Business, Department of Economics
Abstract/Description: This study explains variation in urban crime incidence as a function of a number of socio-economic variables, including income, education, and urban blight. Ordinary least squares regression analysis is applied to cross-section data from the 60 largest Standard Metropolitan Statistical Areas, for 19 70. Various extensions of the basic model are presented, using log variables, a lagged endogenous variable, and indices derived from factor analysis of a large matrix of socio-economic variables.
Date Issued: 1972
PURL: http://purl.flvc.org/fcla/dt/13533
Subject Headings: Crime--United States, Criminals--United States
Format: Document (PDF)

Title: THE ECONOMIC FEASIBILITY OF HARVESTING MECHANIZATION FOR SUGARCANE IN SOUTH FLORIDA.
Creator: LEGRAND, FERDINAND., Florida Atlantic University, Fabian, R.G., College of Business, Department of Economics
Abstract/Description: Cane harvesting is the major operation in sugar production which is not entirely mechanized in south Florida. The introduction of a successful harvesting machine is delayed because of the prevailing soil and climatic conditions which cause an increase in the fiber content of cane to be processed. In turn, this increased fiber content in cane will cause a diseconomy in the sugar output per acre as well as an increase in the cost for sugar processing. The recent concern for air pollution may...
Show moreCane harvesting is the major operation in sugar production which is not entirely mechanized in south Florida. The introduction of a successful harvesting machine is delayed because of the prevailing soil and climatic conditions which cause an increase in the fiber content of cane to be processed. In turn, this increased fiber content in cane will cause a diseconomy in the sugar output per acre as well as an increase in the cost for sugar processing. The recent concern for air pollution may prevent the burning of cane prior to harvesting in the future. The cessation of cane burning may make the present method of manual harvesting uneconomical and may cause the closing of the sugar processing plants. The introduction of mechanical harvesting together with the cessation of cane burning will cause a less severe drop in earnings per acre. With this system the Florida sugar industry should manage to continue its operation in the short run. Whether the Florida sugar industry could remain profitable in the long run would depend on how fast technological advances are able to produce a cane quality with a sufficiently low fiber (trash) content to warrant an economical sugar production from mechanically harvested and non-burned cane. Support by public funds in the form of an additional taxation on refined sugar is suggested for a limited period so that the Florida sugar industry may survive at the time when an order to prohibit cane burning would be instituted. Survival by the Florida sugar industry in the long run may depend on the successful application of future technology applied to mechanical harvesting so that a cane with a low trash content can be processed. Such an achievement will lower the fixed and variable costs for sugar production. An alternative approach to economic survival and without taxation in the long run is an effort to increase earnings per acre. The introduction of processing methods other than milling may accomodate the processing of green, mechanically harvested cane without an appreciable increase in costs. Also, the production of by-products may offer an approach to obtain such a goal.
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Date Issued: 1971
PURL: http://purl.flvc.org/fcla/dt/13429
Subject Headings: Sugarcane--Florida--Harvesting--Economic aspects
Format: Document (PDF)

Title: THE DETERMINANTS OF EXPORT PERFORMANCE.
Creator: FISCHLOWITZ, ELODIE., Florida Atlantic University, Lall, Rajiv, College of Business, Department of Economics
Abstract/Description: Neoclassical trade theory and its extensions are presented to provide a basis for understanding the determinants of export performance. Past empirical studies are also utilized to aid in the formulation of hypotheses to explain revealed comparative advantage .in the case of Indian exports. A cross-sectoral analysis of 57 manufacturing industries within India employs both economic and policy explanatory variables. Ordinary least squares and Probit methods test the potential determinants of...
Show moreNeoclassical trade theory and its extensions are presented to provide a basis for understanding the determinants of export performance. Past empirical studies are also utilized to aid in the formulation of hypotheses to explain revealed comparative advantage .in the case of Indian exports. A cross-sectoral analysis of 57 manufacturing industries within India employs both economic and policy explanatory variables. Ordinary least squares and Probit methods test the potential determinants of export performance and direction of trade.
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Date Issued: 1984
PURL: http://purl.flvc.org/fcla/dt/14204
Subject Headings: Export marketing, Export sales contracts--India
Format: Document (PDF)

Title: DISTRIBUTED LAG MODELS.
Creator: KEMMSIES, WALTER HAMILTON., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis presents various formulations of finite distributed lag models. The objective is to demonstrate how prior restrictions may be imposed on econometric models in order to estimate the lag distributions. Four formulations are thus reviewed, namely, the arithmetic lag model, the inverted-V lag model, the Almon polynomial, and the cubic spline lag model. For the latter formulations, the interpolation methods are reviewed. In addition, four models of consumption are estimated under the...
Show moreThis thesis presents various formulations of finite distributed lag models. The objective is to demonstrate how prior restrictions may be imposed on econometric models in order to estimate the lag distributions. Four formulations are thus reviewed, namely, the arithmetic lag model, the inverted-V lag model, the Almon polynomial, and the cubic spline lag model. For the latter formulations, the interpolation methods are reviewed. In addition, four models of consumption are estimated under the various lag models, for different lag lengths and orders of polynomials, in order to demonstrate the properties of each formulation. In the discussion of the results, certain inferences are made about the consumption functions.
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Date Issued: 1983
PURL: http://purl.flvc.org/fcla/dt/14171
Subject Headings: Distributed lags (Economics)
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: ECONOMICS OF PRESERVATION: MIAMI BEACH AND PALM BEACH.
Creator: COSTOMIRIS, JOYCE., Florida Atlantic University, Nicholas, James C., College of Business, Department of Economics
Abstract/Description: This thesis extends the analysis of the economic benefits of historic preservation from the individual property owner to the entire community. Analyses are made of Miami Beach, Florida - once a wealthy resort community - and Palm Beach, Florida - which has maintained its status as a wealthy resort community. By comparing Miami B~ch results with Palm Beach results, the analyses determine whether Miami Beach's preservation decisions, which pertained to its character and residential nature, have...
Show moreThis thesis extends the analysis of the economic benefits of historic preservation from the individual property owner to the entire community. Analyses are made of Miami Beach, Florida - once a wealthy resort community - and Palm Beach, Florida - which has maintained its status as a wealthy resort community. By comparing Miami B~ch results with Palm Beach results, the analyses determine whether Miami Beach's preservation decisions, which pertained to its character and residential nature, have resulted in an adverse impact on its economic vitality. The type of analysis used is a time series analysis. Time series analyses of each community's individual tax base are conducted to determine whether age has had a positive or negative impact on the community. The analyses showed that in Miami Beach, as time passed, the tax base declined; yet in Palm Beach, as time passed, the tax base improved. Given the analyses, together with the history of the communities, it is concluded that massive reinvestment in new buildings did not result in an enhanced economic vitality in Miami Beach.
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Date Issued: 1983
PURL: http://purl.flvc.org/fcla/dt/14159
Subject Headings: Palm Beach (Fla)--Buildings, structures, etc--Conservation and restoration, Miami Beach (Fla)--Buildings, structures, etc--Conservation and restoration
Format: Document (PDF)

Title: ECONOMIC IMPLICATIONS OF GOVERNMENT DEBT AND DEFICITS: DEBT NEUTRALITY OR CROWDING OUT?.
Creator: BROSNAHAN, GARY W., Florida Atlantic University, Manage, Neela D., College of Business, Department of Economics
Abstract/Description: The economic implications of federal government debt and deficits have been the source of much debate in the past, and will continue to be for many years to come. Economists are far from agreement with respect to the effects that government borrowing has on the economy. Two major schools of thought have emerged which arrive at seemingly contrary conclusions. One school of thought contends that government bonds are perceived as net wealth by the public, and that government borrowing crowds out...
Show moreThe economic implications of federal government debt and deficits have been the source of much debate in the past, and will continue to be for many years to come. Economists are far from agreement with respect to the effects that government borrowing has on the economy. Two major schools of thought have emerged which arrive at seemingly contrary conclusions. One school of thought contends that government bonds are perceived as net wealth by the public, and that government borrowing crowds out private investment, while the other school of thought arrives at precisely the opposite conclusions. An empirical investigation was used to test the validity of the conclusions of these schools of thought.
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Date Issued: 1987
PURL: http://purl.flvc.org/fcla/dt/14383
Subject Headings: Debts, Public, Budget deficits
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: 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.
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Date Issued: 1985
PURL: http://purl.flvc.org/fcla/dt/14273
Subject Headings: Euro-dollar market--Analysis
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)

Legacy FAU Student Theses and Dissertations 1967-2006 (108)	+ -
Current FAU Student Theses and Dissertations 2007 to date (1)	+ -

Economics, Mathematical (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)	+ -
Investment analysis (2)	+ -
Land use--Law and legislation--Florida--Florida Keys (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)	+ -
Aliens--Law and legislation--Ghana (1)	+ -
Arts--Economic aspects--United States (1)	+ -

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

College of Business (109)	+ -
Florida Atlantic University (108)	+ -
Stronge, William B. (42)	+ -
Manage, Neela D. (15)	+ -
Nicholas, James C. (9)	+ -

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