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Government and news outlets everywhere preach that trade is hurting their domestic economy. However, trade is supposed to be beneficial to all theoretically. So where is the disconnect? This thesis was created to gather understanding about trade in the real world and how it can be accurately portrayed. First, I

Government and news outlets everywhere preach that trade is hurting their domestic economy. However, trade is supposed to be beneficial to all theoretically. So where is the disconnect? This thesis was created to gather understanding about trade in the real world and how it can be accurately portrayed. First, I looked at the basics of bilateral and multilateral trade to show that trade imbalances will always exist and show that this idea that countries have that trade surpluses are best is incorrect. Second, I compared the accuracies of the two measures of trade that exist: balance of trade and current account measures. I conducted this research to show that the common measure of trade (balance of trade) is inaccurate and the stronger, more accurate measure is the current account measure. After coming to this conclusion, I began to see what factors in countries affect their current account balance. I looked at five categories: demographics, investment climate, level of economic development, existence of a technology boom, and current trade policy, and looked at theoretical explanations for how each one affects the current account. In the end, I was able to create a theory based on these five factors to predict the current account balance in any country and describe its trade health. In conclusion, I found that the issue of trade misconceptions lies in which measurement someone uses, and this simple misunderstanding can lead to things such as trade wars and global economic degradation.
ContributorsBuch, Saager Rajesh (Author) / Hill, John (Thesis director) / Mendez, Jose (Committee member) / School of Politics and Global Studies (Contributor) / Department of Economics (Contributor) / Barrett, The Honors College (Contributor)
Created2018-05
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This thesis looks at the theory and empirical evidence that surrounds the debate between environmentalists and economists regarding the link between trade liberalization and environmental degradation. The main points of the theory are the scale, composition, and technique effects which, when aggregated, are ambiguous as the harm or benefit of

This thesis looks at the theory and empirical evidence that surrounds the debate between environmentalists and economists regarding the link between trade liberalization and environmental degradation. The main points of the theory are the scale, composition, and technique effects which, when aggregated, are ambiguous as the harm or benefit of trade's effect on the environment. The empirical evidence studied ranges in time periods from the early 1990s to 2011 and mainly focuses on the existence or absence of an environmental Kuznets curve for certain pollutant. However, the data still proves to be inconclusive. The debate about the possible link between trade and the environment is as important as ever, especially in regards to carbon dioxide emissions. Going forward, it is extremely important that international cooperation regarding emissions targets and abatement goals increases. Trade will prove to be an invaluable tool in this endeavor as it provides a mechanism for the spread of green technology as well as can be used as a method of environmental policy enforcement.
ContributorsCotterell, Emily Claire (Author) / Mendez, Jose (Thesis director) / McDaniel, Cara (Committee member) / School of Sustainability (Contributor) / Department of Economics (Contributor) / Department of Supply Chain Management (Contributor) / W. P. Carey School of Business (Contributor) / Barrett, The Honors College (Contributor)
Created2016-05
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With an abundance of sunshine, the state of Arizona has the potential for producing large amounts of solar energy. However, in recent years Arizona has also become the focal point in a political battle to determine the value and future of residential solar energy fees, which has critical implications for

With an abundance of sunshine, the state of Arizona has the potential for producing large amounts of solar energy. However, in recent years Arizona has also become the focal point in a political battle to determine the value and future of residential solar energy fees, which has critical implications for distributed generation. As the debate grows, it is clear that solar policies developed in Arizona will influence other state regulators regarding their solar rate structures and Net Energy Metering; however, there is a hindrance in the progress of this discussion due to the varying frameworks of the stakeholders involved. For this project, I set out to understand and analyze why the different stakeholders have such conflicting viewpoints. Some groups interpret energy as a financial and technological object while others view it is an inherently social and political issue. I conducted research in three manners: 1) I attended public meetings, 2) hosted interviews, and 3) analyzed reports and studies on the value of solar. By using the SRP 2015 Rate Case as my central study, I will discuss how these opposing viewpoints do or do not incorporate various forms of justice such as distributive, participatory, and recognition justice. In regards to the SRP Rate Case, I will look at both the utility- consumer relationship and the public meeting processes in which they interact, in addition to the pricing plans. This work reveals that antiquated utility structures and a lack of participation and recognition justice are hindering the creation of policy changes that satisfy both the needs of the utilities and the community at large.
ContributorsGidney, Jacob Robert (Author) / Richter, Jennifer (Thesis director) / Jurik, Nancy (Committee member) / School of Mathematical and Statistical Sciences (Contributor) / Department of Economics (Contributor) / Barrett, The Honors College (Contributor)
Created2015-12
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The African Continental Free Trade Agreement is one of the latest developments in the world of African politics. It influences several key policy arenas, including the focus of this paper: developmental policy. The AfCFTA hopes to integrate the intra-African trading system, as well as implement several measures to integrate their

The African Continental Free Trade Agreement is one of the latest developments in the world of African politics. It influences several key policy arenas, including the focus of this paper: developmental policy. The AfCFTA hopes to integrate the intra-African trading system, as well as implement several measures to integrate their entire economies. This paper examines the intersection between the AfCFTA and developmental policy defining how it helps and hinders African development goals. This thesis intends to give a clear picture of how this agreement coincides with developmental policy through both economic and political research. The goal of this paper is to provide readers with a detailed report on how this economic agreement could be shaping the developmental policy of the African world.
ContributorsZeleny, Dylan Peter (Author) / Wong, Kelvin (Thesis director) / Hill, Alexander (Committee member) / Historical, Philosophical & Religious Studies (Contributor) / Department of Economics (Contributor) / Dean, W.P. Carey School of Business (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
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This study attempts to reconcile the gap in literature between the abundant research in the social consequences of sanctions but a consistent lack of information regarding its economic effectiveness. I apply a modified neoclassical growth model to analyze the extent that sanctions imposed by the US and UN impact real

This study attempts to reconcile the gap in literature between the abundant research in the social consequences of sanctions but a consistent lack of information regarding its economic effectiveness. I apply a modified neoclassical growth model to analyze the extent that sanctions imposed by the US and UN impact real per capita GDP growth rate. Using the original data, I modify the model employed in the Neuenkirch and Neumeier (2015) study by replacing a fixed effect model with time trends. The results are more aligned with previous economic research on sanctions where sanctions imposed by the US have a moderate but significant 1.5 percent decline effect on GDP growth rate. On the other hand, sanctions imposed by the UN are similarly negative, imposing about a .9 percent decline in GDP growth, however are not statistically significant. While I cannot reject the conclusion by the original authors, I feel that this model provides a more fitting analysis of the impact sanctions impose on GDP growth.
ContributorsHendricks-Costello, Caitlyn (Author) / Silverman, Daniel (Thesis director) / Mendez, Jose (Committee member) / Department of Economics (Contributor) / School of Politics and Global Studies (Contributor) / School of Mathematical and Statistical Sciences (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05