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A study of stock price reactions to the decisions of the Federal Open Market Committee (FOMC) on changes in the federal funds rate. (open access)

A study of stock price reactions to the decisions of the Federal Open Market Committee (FOMC) on changes in the federal funds rate.

This paper analyzes stock index reactions to interest rate actions by the FOMC. Unlike previous analyses this study utilizes macro-economic indicators and accounts for pre-decision market expectations. Results indicate significant reaction of the stock market to the actions of the FOMC regardless of interest rate actions matching pre-decision market expectations. Binary dummy variables representing the five days following an FOMC meeting indicate a significant reaction for days one; two and three of the Dow Jones model and for day five of the NASDAQ model. The magnitude of the coefficients are 0.17%, 0.09%, -0.07% and -.15% respectively. These findings may be sensitive to a priori choices regarding the definition of the market expectation variable.
Date: May 2002
Creator: Bushnell, Wesley
System: The UNT Digital Library
The impact of rising energy prices on the poor over time in the United States. (open access)

The impact of rising energy prices on the poor over time in the United States.

Policy makers and households are concerned about the impact of rising energy prices on low-income households. In a trend starting in the 1970s, low-income households are spending an increasingly disproportionate share of their income on home energy. The burden on a household imposed by energy prices can be analyzed through four factors: energy price, energy consumption, income level, and level of assistance provided to help with the costs of energy. The combination of these factors indicates that the energy burden is continuing to be disproportionately large for the nation's poor. Therefore, policy makers make further efforts to alleviate this burden by modifying energy pricing regulation.
Date: August 2002
Creator: Long, Pei-Ling Amy
System: The UNT Digital Library
The Development and Economic Impacts to the State of Texas from the Construction of Interstate 69 (open access)

The Development and Economic Impacts to the State of Texas from the Construction of Interstate 69

Regional population growth and increasing trade with Mexico are creating severe traffic congestion along Interstate 35 and at the Laredo bridge crossings. The construction of a new Interstate Highway 69 has been offered as one solution to this problem. This analysis examines the economic impacts of building Interstate 69 and its potential impact on job creation in the counties along its projected path. Using the IMPLAN input-output modeling system, construction of Interstate 69 will support $4.2 billion in economic activity in the counties through which it will pass. More importantly, based on an analysis of Interstate 27 in west Texas, it can be projected that Interstate 69 will spur a 2% gain in regional employment above any usual economic growth.
Date: December 2002
Creator: Pettibon, Gregory Jason
System: The UNT Digital Library

The Lower Rio Grande Valley: Are Education and Job Training Opportunities Shrinking the Labor Force?

Access: Use of this item is restricted to the UNT Community
The purpose of this research project is to examine the educational and job-training opportunities offered in the Lower Rio Grande Valley, and how the skills acquired from these programs assimilate with the job opportunities available in the area. Specifically, we will look at the counties of Cameron, Hidalgo, Starr, and Willacy. The central hypothesis of this project is that the Rio Grande Valley in its efforts for a more highly trained workforce may actually be enabling its workforce to seek better employment opportunities in other areas.
Date: May 2000
Creator: Foster, Jodie Randall
System: The UNT Digital Library
Regional Economic Impact of Texas Motor Speedway: A Simulation (open access)

Regional Economic Impact of Texas Motor Speedway: A Simulation

This study proposes a method for measuring the regional economic impact of a relatively new sport: stock car racing. Although research on the economic impact of most major league sports is abundant, little has been written on stock car racing. The purpose of this paper is to estimate, through a simulation, the regional economic impact of Texas Motor Speedway. The study finds that the Texas Motor Speedway boosted economic activity by $87,179,367 in 1998 from racetrack operations, and supported 5,300 jobs paying $22,293,135 in earnings. In addition, expenditures by speedway visitor from outside the region are estimated at $22,985,200, further increasing the total local economic activity by $49 million.
Date: August 2000
Creator: Rattner, Laura E.
System: The UNT Digital Library
The Ballpark in Arlington: An Economic Impact Study (open access)

The Ballpark in Arlington: An Economic Impact Study

This study examines the fiscal impact the Ballpark in Arlington has on the City of Arlington. Many individuals argue that the new Ballpark in Arlington would create numerous new jobs and bring added economic development to the city, thus increasing tax revenues. An interrupted time-series approach was used to determine whether or not the new ballpark has a measurable impact on retail sales tax receipts in the City of Arlington. Based on sales tax rebate data obtains from the Texas Comptroller's Office, the study found no significant increase in sales tax receipts for Arlington during the baseball season. However, this is not to say that the Ballpark in Arlington has no impact on total local economic activity. These findings do call into question, as other studies have, the relative fiscal value of publicly-sponsored professional sports venues.
Date: August 2000
Creator: Smith, Joel
System: The UNT Digital Library
The Challenges of China's Economic Reform: State Enterprise Reform and Financial Liberalization (open access)

The Challenges of China's Economic Reform: State Enterprise Reform and Financial Liberalization

This thesis examines China's state-owned enterprise reform and financial reform in the last two decades. I characterize the progress of China's state-owned enterprises reform in two areas: privatization of small SOEs and mass layoffs. I argue that privatization rests on the political economy of China. I also discuss the evolution of the financial system and come up with some strategies of financial liberalization in China. Result from this study suggests that if the necessary reforms of the financial sector and state enterprises are effectively carried out, inevitably this will lead to a significantly slower rate of growth for a period of time. However, these reforms will provide the basis for a period of sustained growth in the long run.
Date: December 2000
Creator: Zhou, Haoming
System: The UNT Digital Library
Texas Cities and the Economic Development Sales Tax (open access)

Texas Cities and the Economic Development Sales Tax

Competition to lure corporations has become an enormous issue between states. Smaller communities feel unable to participate in economic development opportunities since their budgets do not provide the necessary funding. In 1979, the Texas state legislature passed the Development Corporation Act in an attempt to aid the smaller communities' quest for economic development. The Act allowed for the creation of local development corporations; however, it did not provide a sufficient funding source to assist the corporations. Therefore two local sales options were established. This paper reports the findings of an analysis of per capita income and employment changes after the adoption of an economic development sales tax. The analysis showed no statistically significant impacts on cities adopting an economic development sales tax when compared with non-adopting cities.
Date: December 2003
Creator: Comer-HaGans, DeLawnia
System: The UNT Digital Library
Plan Types and Their Effect on Retirement Patterns (open access)

Plan Types and Their Effect on Retirement Patterns

In 1993, 38.9 million people were covered by a 401(k) plan, up from 7.1 million in 1983. The rapid growth of 401(k) and other defined contribution pension plans may alter retirement patterns of older workers. Previous research showed that the spread of defined benefit plans, with sharp age-related incentives first discouraging and later encouraging retirement, contributed to the early retirement trend of past decades. Defined contribution plans differ along several dimensions, especially in their smooth rate of pension wealth accrual. Data from the Health and Retirement Study show that retirement patterns have begun to change as defined contribution plans have spread. Estimates indicate that the financial incentives in defined benefit pensions lead people to retire almost two years earlier, compared to people with defined contribution plans.
Date: August 2003
Creator: Marrone, Mickey M.
System: The UNT Digital Library
Microfarms (open access)

Microfarms

This study describes the role of rural women and their importance in the success of microfarm projects. Microfarm cultivators can increase their income levels through trade of agricultural products. By adopting self-sustaining methods, the cultivator saves money and does not need to rely as much on goods and services from outside resources to increase food production efficiencies in microfarms. This goal can be reached in part through careful planning and construction of the microfarm facility. In addition, in developing phases of the microfarm, the external resources may possibly be a mechanism to increase expansion and knowledge. Microfarms are an important option for the third world countries and poor people worldwide.
Date: August 2004
Creator: Hernandez, Rafael I.
System: The UNT Digital Library
Economic Impact of Hospitals: the Case of Baylor Regional Medical Center at Grapevine. (open access)

Economic Impact of Hospitals: the Case of Baylor Regional Medical Center at Grapevine.

This report analyzes the economic impacts of the Baylor Regional Medical Center at Grapevine, Texas. The economic impacts are analyzed using the IMPLAN impact modeling system developed by the Minnesota IMPLAN Group. The analysis evaluates construction activities by Baylor-Grapevine as well as procurement spending and employment. Additionally, the impact of ancillary facilities surrounding Baylor-Grapevine and the impact of patient visitor spending is also reviewed. Total recurring impacts of procurement spending at Baylor-Grapevine, employment at Baylor-Grapevine and its ancillary facilities, and visitor spending will generate over $227 million in economic activity for the Dallas/Fort Worth Metroplex. This activity will support more than 3,300 direct, indirect, and induced jobs paying over $138 million in annual earnings.
Date: August 2004
Creator: Graves, Jennifer M.
System: The UNT Digital Library

A Test For Structural Change In Productivity: A Look At The Internet

Access: Use of this item is restricted to the UNT Community
It is said that there is a "productivity paradox" existing in the workplace meaning there are no net benefits from information technology spending. This paper attempts to answer the question as to whether there is a need to account for a change in the growth rate of productivity after the Internet was opened up to commercial use. Using the Chow Test for structural change I concluded that there was indeed a positive change in the growth rate of productivity beginning in the early 1990s that can be associated with increasing Internet usage.
Date: August 2004
Creator: Thomas, Garvii Lincoln
System: The UNT Digital Library

Trends and issues in non-profit business planning.

Access: Use of this item is restricted to the UNT Community
Non-profits are increasing in size and scope to meet social needs that are unmet by the government. Declining financial support, government regulations, and increasing competition force non-profits to become more professional and efficient. Non-profits increasingly engage in commercial activities, joint ventures with for-profits, and employ business techniques such as business planning and marketing. An extensive body of research examines issues related to non-profit performance that supplies a framework for business planning. Business planning may help non-profits to sustain competitive advantages and long-term financial stability. This paper examines the challenges of writing a business plan for non-profits concluding with a sample business plan that takes into consideration advantages, risks, and limitations of non-profits.
Date: August 2004
Creator: Barnes, Svetlana V.
System: The UNT Digital Library

Long-Term Impact of Mega-Sport Events on the Host Region

Access: Use of this item is restricted to the UNT Community
The purpose of this paper is to analyze and identify the major factors that determine the success or failure of mega-sports events. The report begins with a discussion of why localities are willing to invest large sums of public monies in infrastructure and services to host these events. This is followed by a review of the methods used to assess the economic, fiscal, and social impacts of hosting large sporting events. It is observed that comprehensive analyses of the impacts of these events are not undertaken. Finally, the major factors that affect the success of these events are discussed along with suggestions for improving studies evaluating success or failure.
Date: August 2004
Creator: Shargorodsky, Paulo
System: The UNT Digital Library
Single Family Housing Construction Trends in the Denton Independent School District and Their Implications for School Enrollment (open access)

Single Family Housing Construction Trends in the Denton Independent School District and Their Implications for School Enrollment

The purpose of this study is to examine housing construction trends in the Denton Independent School District area for the next 5 years estimating impacts on the resulting school district enrollments. Combining enrollment data obtained from the DISD and housing data from the Denton County Appraisal District, it is possible to calculate enrollment multipliers for elementary, middle, and high school students based on predefined categories of single family home values. The study suggests that enrollment multipliers currently used by the DISD over estimate the number of students coming from new single family residences, especially at the elementary school level. Using data from real estate agents, builders, developers, and permitting boards, a map is created showing areas of the DISD that will likely see the largest gains in school-age children during the next 2 to 5 years.
Date: December 2000
Creator: Calvache-Arenas, Paula Andrea
System: The UNT Digital Library
Evaluating the Impact of Demographic Characteristics and JTPA Program Services on Unsubsidized Employment (open access)

Evaluating the Impact of Demographic Characteristics and JTPA Program Services on Unsubsidized Employment

This paper evaluated the effects of selected demographic characteristics and services received on obtaining unsubsidized employment by Job Training Partnership Act Program participants in the states of Arkansas, Louisiana, New Mexico, and Oklahoma in 1996 and 1997. The data used for this paper are from Title II A (Disadvantaged Adults) individualized records. Six variables were statistically significant across all four states. These variables were cash welfare benefits, high school grade completed, occupational classroom training with a goal, on-the-job training with a goal, work experience training with a goal, and the real three-year growth rate in retail/wholesale trade employment. included demographic characteristics, as well as service interventions.
Date: August 2001
Creator: Driscoll, Michelle
System: The UNT Digital Library
Empowering the Black Community Faith-Based Economic Development (open access)

Empowering the Black Community Faith-Based Economic Development

This paper is addressed to the inner city and some suburban congregations seeking to express their faith through practical initiatives to revitalize their distressed communities. The paper seeks to inspire and instruct the reader with motivational stories containing illustrations of the valuable role that African-American congregations have played in stimulating economic development in their communities. The paper also shows the importance of African-Americans having some control over the flow of economic funds throughout the community. African-American churches in the inner city should undertake significant ventures in community economic development to minister to the temporal as well as the spiritual needs of their communities. This paper will demonstrate how the African-American church, with assistance from federal, state, local programs, and private concerns, can be effective in the urban revitalization.
Date: August 2001
Creator: Gipson, Phillip E.
System: The UNT Digital Library
Refugees: Achievement and Conflict (open access)

Refugees: Achievement and Conflict

Currently, there are more than 30 million refugees and internally displaced people in the world. Since the 1970s, after the Vietnam War, international organizations and many countries have supported refugees financially, however, they all have different definitions for a refugee. Refugees who desire peace or freedom and resettle in new countries have had remarkable economic, social, and educational achievement, especially Indochinese people in the US. However, refugees who flee from conflicts have often faced new conflicts in their host society. Both refugees and the host countries experience economic and social burden, however, refugees struggle and try to escape from their economic dependency from the local government. If refugee achievements continue, they could exceed the US educational and social norm in the future.
Date: December 2000
Creator: Oi, Ayako
System: The UNT Digital Library

Students' Perception of Videoconference Courses: A Case Study of the University of North Texas

Access: Use of this item is restricted to the UNT Community
The objective of the survey is to observe students' perceptions of videoconference courses offered by the University of North Texas (UNT). The perceptions of 348 students enrolled in videoconferencing (VC) courses in the fall 2002 semester were obtained through a 29-item course evaluation questionnaire. From this study, I conclude generally that UNT students perceive videoconference courses as a positive stride in providing classes. While it was expected that students at remote sites would experience greater technological problems and lower levels of student/teacher interaction, evaluations from remote sites indicate higher degrees of student satisfaction than those students taking VC courses at the main campus location.
Date: May 2003
Creator: Christopher, Chris-Junior
System: The UNT Digital Library

The Production Effects of Protectionist Announcements: An Examination of the Steel Industry

Access: Use of this item is restricted to the UNT Community
The well-being of the American steel industry is vital to the overall health of the United States (U.S.) economy. This belief is, in part, the impetus for the enactment of protective tariffs and quotas. This paper examines the impact of the announcement of the 2001 tariffs. Numerous forces have buffeted the U.S. steel industry over the last decade. Domestic steel firms operate in a highly global, fiercely competitive, and capital-intensive industry. This environment has proven inhospitable to the U.S. steel industry, widely criticized for inefficiency and overcapacity. A regression analysis finds that the announcement of the 2001 tariffs had no statistically significant impact on U.S. domestic raw steel production. Supporting theories are reexamined, and the implications of this finding for trade policy are explored.
Date: May 2003
Creator: Pharr, Matthew C.
System: The UNT Digital Library
Analysis of Japanese Exports and Imports of Rice (open access)

Analysis of Japanese Exports and Imports of Rice

This research shows that the Japanese rice policy has affected the volume of exported and imported rice; moreover, multilateral and bilateral agreements have also affected Japanese rice policy. Japan's institution of subsidies and trade barriers has made its rice products too expensive for foreign trade and its domestic consumers. Since the WTO agreement has forced Japan to open its market gradually over six years, Japan may be unable to compete internationally because of its limited land, high labor costs, and the field utility fees.
Date: May 2003
Creator: Shiraiwa, Toshio
System: The UNT Digital Library
The Restructuring of the Electric Power Industry in California and in Texas: An Examination and Comparison of Deregulation as Legislated (open access)

The Restructuring of the Electric Power Industry in California and in Texas: An Examination and Comparison of Deregulation as Legislated

California legislated the restructuring of its electric power industry in 1996. Deregulation was successful until 2000 when crisis, caused by a number of outside forces and flawed legislation, sent wholesale electric prices skyrocketing. Restructuring of the electricity sector in Texas occurred in two phases. The first phase began in 1995, when wholesale markets were opened to competition; the second phase began June 18, 1997, when the 1999 Texas Electric Choice Act, was signed into law. Deregulation has largely been successful in Texas. This analysis examines the legislation of these states and how they differed, setting the stage for one unsuccessful and one successful move to retail competition in the electricity industry.
Date: August 2003
Creator: Lewis, Rebecca Joy
System: The UNT Digital Library