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University of Cape Town
1.
Kamande, Ian Edmond Kuria.
The role of political business cycles (PBCs) and its influence on the credit rating action that countries receive: A BRICS perspective.
Degree: Masters, Finance and Tax, 2018, University of Cape Town
URL: http://hdl.handle.net/11427/32101
► Existing empirical literature on political business cycles focused primarily on developed economies before it began considering a basket of both developed and developing economies. This…
(more)
▼ Existing empirical literature on
political business cycles focused primarily on developed economies before it began considering a basket of both developed and developing economies. This study seeks to expand the existing literature by pursuing two objectives using Brazil, Russia, India, China and South Africa (BRICS) as locations of the study. The first objective is to examine the presence (lack thereof) of
political business cycles in the BRICS trading block for the period 1994 to 2014. The second objective of this study is to examine the effect that
political business cycles (if present) have on the sovereign credit ratings that the BRICS countries receive from credit rating agencies. Credit rating agencies make use of a combination of
political, social and economic factors to determine the ratings assigned to various countries. The credit ratings assigned to countries by these agencies play an important role to international lenders as they use these ratings to make decisions on the interest rates they charge to different sovereigns. Based on the first objective, the findings from this study show that there is weak evidence of electorally timed interventions in BRICS economies over the period of 1994 to 2014. These findings are inconsistent with the predictions of
political business cycle theory which suggests that incumbent politicians take advantage of the information gap between them and voters by implementing economic changes closer to an election year in order to exude competence and to increase their chances of reelection. However, further analysis based on the second objective shows that elections in BRICS countries are not viewed negatively by credit rating agencies. Hence, unlike in other developing countries, the BRICS countries are not likely to be downgraded during or after election years. Consequent to these findings, this study supports the notion that the government’s influence on the fiscal and monetary policy variables across BRICS is not concentrated nor overly exerted around election periods and that the BRICS countries’ institutions are regarded by rating agencies as independent and up to relevant international standards.
Advisors/Committee Members: Pamburai, Hamutyinei Harvey (advisor).
Subjects/Keywords: political business cycles
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APA (6th Edition):
Kamande, I. E. K. (2018). The role of political business cycles (PBCs) and its influence on the credit rating action that countries receive: A BRICS perspective. (Masters Thesis). University of Cape Town. Retrieved from http://hdl.handle.net/11427/32101
Chicago Manual of Style (16th Edition):
Kamande, Ian Edmond Kuria. “The role of political business cycles (PBCs) and its influence on the credit rating action that countries receive: A BRICS perspective.” 2018. Masters Thesis, University of Cape Town. Accessed April 11, 2021.
http://hdl.handle.net/11427/32101.
MLA Handbook (7th Edition):
Kamande, Ian Edmond Kuria. “The role of political business cycles (PBCs) and its influence on the credit rating action that countries receive: A BRICS perspective.” 2018. Web. 11 Apr 2021.
Vancouver:
Kamande IEK. The role of political business cycles (PBCs) and its influence on the credit rating action that countries receive: A BRICS perspective. [Internet] [Masters thesis]. University of Cape Town; 2018. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/11427/32101.
Council of Science Editors:
Kamande IEK. The role of political business cycles (PBCs) and its influence on the credit rating action that countries receive: A BRICS perspective. [Masters Thesis]. University of Cape Town; 2018. Available from: http://hdl.handle.net/11427/32101

Texas A&M University
2.
Philips, Andrew Q.
Manipulating the Masses: New Theories of Political Cycles.
Degree: PhD, Political Science, 2017, Texas A&M University
URL: http://hdl.handle.net/1969.1/161357
► Despite a large literature on political cycles, many theories and empirical results conflict with one another. I address this disconnect through three interrelated contributions. I…
(more)
▼ Despite a large literature on
political cycles, many theories and empirical results conflict with one another. I address this disconnect through three interrelated contributions. I first conduct an extensive quantitative survey of the
political budget cycle literature through a meta-analysis. I find that overall there exists a positive, though substantively small
political budget cycle effect. Second, I examine how incumbents may use alternatives to fiscal manipulation, such as the passage of redistributive policies, since these send a key signal to voters. Third, I examine how incumbents may not only time fiscal manipulation, but control their placement spatially. This ties in the
political budget cycle literature with the literature on distributive politics. Although these findings call into question some of the existing views of
political budget
cycles, they show that
cycles manifest themselves in alternative fashions.
Advisors/Committee Members: Whitten, Guy D (advisor), Lipsmeyer, Christine S (committee member), Escobar-Lemmon, Maria (committee member), Goidel, Kirby (committee member).
Subjects/Keywords: Political cycles; political budget cycles; political business cycles; distributive politics
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Philips, A. Q. (2017). Manipulating the Masses: New Theories of Political Cycles. (Doctoral Dissertation). Texas A&M University. Retrieved from http://hdl.handle.net/1969.1/161357
Chicago Manual of Style (16th Edition):
Philips, Andrew Q. “Manipulating the Masses: New Theories of Political Cycles.” 2017. Doctoral Dissertation, Texas A&M University. Accessed April 11, 2021.
http://hdl.handle.net/1969.1/161357.
MLA Handbook (7th Edition):
Philips, Andrew Q. “Manipulating the Masses: New Theories of Political Cycles.” 2017. Web. 11 Apr 2021.
Vancouver:
Philips AQ. Manipulating the Masses: New Theories of Political Cycles. [Internet] [Doctoral dissertation]. Texas A&M University; 2017. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/1969.1/161357.
Council of Science Editors:
Philips AQ. Manipulating the Masses: New Theories of Political Cycles. [Doctoral Dissertation]. Texas A&M University; 2017. Available from: http://hdl.handle.net/1969.1/161357

Massey University
3.
Stangl, Jeffrey Scott.
An empirical examination of industry returns for evidence of cyclical performance : a thesis presented in partial fulfillment of the requirements for the degree Doctor of Philosophy at School of Economics and Finance, Massey University, Albany
.
Degree: 2012, Massey University
URL: http://hdl.handle.net/10179/3268
► This dissertation provides three empirical studies of industry performance related to different financial market cycles. Popular belief holds that industries provide systematic cyclical performance. Such…
(more)
▼ This dissertation provides three empirical studies of industry performance related to
different financial market cycles. Popular belief holds that industries provide systematic
cyclical performance. Such systematic performance would present a challenge to basic
assumptions of market efficiency. The three industry cycles investigated are sentiment
cycles, political cycles, and business cycles.
The first study investigates the interaction between three popular investor-sentiment
measures and industry performance. Investor sentiment has a widespread and systematic
effect on industry performance. Similar to prior market studies, investor sentiment
predicts short-term industry mispricing. Predictable long-term industry reversals are
weaker. Moreover, the effect of investor sentiment is widespread, with limited evidence
of cross-sectional industry differences. Unlike prior market studies, there is no evidence
of a relationship between investor sentiment and industry characteristics that serve as a
proxy for valuation uncertainty. Lastly, an industry rotation strategy based on investor
sentiment generates marginal outperformance, which turnover and transaction costs
would consume. Results generally show that investor sentiment has a market-wide
effect, questioning its usefulness in timing industry investments.
The second study examines industry returns for presidential election cycles. Risk adjusted
industry returns provide no evidence of political cycles previously documented
in the U.S. stock market. In spite of the existence of market-wide effects, realized
industry returns exhibit neither systematic nor persistent outperformance related to a
president’s political affiliation or the year of a president’s term. Expected industry
performance is equally unaffected by political cycles, exhibiting no systematic response
to presidential elections and indicating that the market does not systematically price a
president’s political affiliation in industry returns. The study’s results question the
popular belief that certain industries systematically perform better under Democrats or
Republicans and provide evidence that political cycles are solely a market-wide
phenomenon best explained at a macroeconomic level.
The third study investigates industry returns for systematic business-cycle
performance. Popular guidance holds that sectors/industries provide systematic
performance and that business-cycle rotation strategies generate excess market
performance. The study tests these two fundamental assumptions of popular rotation
strategies. Initially, the study assumes investors can perfectly anticipate business cycles
and implement conventional sector rotation. However, there is no evidence of
systematic sector performance where popular belief anticipates it will occur. At best,
conventional sector rotation generates 2.3 percent annual excess returns. This
performance quickly diminishes after an allowance for transaction costs and incorrectly
timing business cycles. An examination of all sectors…
Subjects/Keywords: Industry performance;
Cyclical performance;
Market efficiency;
Sentiment cycles;
Political cycles;
Business cycles;
Stock price forecasting
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Stangl, J. S. (2012). An empirical examination of industry returns for evidence of cyclical performance : a thesis presented in partial fulfillment of the requirements for the degree Doctor of Philosophy at School of Economics and Finance, Massey University, Albany
. (Thesis). Massey University. Retrieved from http://hdl.handle.net/10179/3268
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Stangl, Jeffrey Scott. “An empirical examination of industry returns for evidence of cyclical performance : a thesis presented in partial fulfillment of the requirements for the degree Doctor of Philosophy at School of Economics and Finance, Massey University, Albany
.” 2012. Thesis, Massey University. Accessed April 11, 2021.
http://hdl.handle.net/10179/3268.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Stangl, Jeffrey Scott. “An empirical examination of industry returns for evidence of cyclical performance : a thesis presented in partial fulfillment of the requirements for the degree Doctor of Philosophy at School of Economics and Finance, Massey University, Albany
.” 2012. Web. 11 Apr 2021.
Vancouver:
Stangl JS. An empirical examination of industry returns for evidence of cyclical performance : a thesis presented in partial fulfillment of the requirements for the degree Doctor of Philosophy at School of Economics and Finance, Massey University, Albany
. [Internet] [Thesis]. Massey University; 2012. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/10179/3268.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Stangl JS. An empirical examination of industry returns for evidence of cyclical performance : a thesis presented in partial fulfillment of the requirements for the degree Doctor of Philosophy at School of Economics and Finance, Massey University, Albany
. [Thesis]. Massey University; 2012. Available from: http://hdl.handle.net/10179/3268
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Georgia Tech
4.
Pradhan, Pradnya Avinash.
Political monetary cycles in Mexico.
Degree: MS, Economics, 1998, Georgia Tech
URL: http://hdl.handle.net/1853/28929
Subjects/Keywords: Monetary policy Mexico; Business cycles Political aspects; Elections Economic aspects
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APA ·
Chicago ·
MLA ·
Vancouver ·
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Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Pradhan, P. A. (1998). Political monetary cycles in Mexico. (Masters Thesis). Georgia Tech. Retrieved from http://hdl.handle.net/1853/28929
Chicago Manual of Style (16th Edition):
Pradhan, Pradnya Avinash. “Political monetary cycles in Mexico.” 1998. Masters Thesis, Georgia Tech. Accessed April 11, 2021.
http://hdl.handle.net/1853/28929.
MLA Handbook (7th Edition):
Pradhan, Pradnya Avinash. “Political monetary cycles in Mexico.” 1998. Web. 11 Apr 2021.
Vancouver:
Pradhan PA. Political monetary cycles in Mexico. [Internet] [Masters thesis]. Georgia Tech; 1998. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/1853/28929.
Council of Science Editors:
Pradhan PA. Political monetary cycles in Mexico. [Masters Thesis]. Georgia Tech; 1998. Available from: http://hdl.handle.net/1853/28929

Columbia University
5.
Dupraz, Stephane.
Three Essays on Economic Fluctuations.
Degree: 2017, Columbia University
URL: https://doi.org/10.7916/D8CJ8RSD
► This dissertation consists of three essays on the sources and desirability of economic fluctuations. Chapter 1 focuses on a source of fluctuations that has long…
(more)
▼ This dissertation consists of three essays on the sources and desirability of economic fluctuations. Chapter 1 focuses on a source of fluctuations that has long been attached to the history of economic thought on business cycles: sticky prices. I provide a microfounded theory for one of the oldest, but so far informal, explanations of price rigidity: the kinked demand curve theory. Assuming that some customers observe at no cost only the price of the store they happen to be at gives rise to a kink in firms' demand curves: a price increase above the market price repels more customers than a price decrease attracts. The kink in turn makes a range of prices consistent with equilibrium, but an intuitive criterion – the adaptive rational-expectations criterion – selects a unique equilibrium where prices stay constant for a long time. The kinked-demand theory is consistent with price-setters' account of price-rigidity as arising from the customer's – not the firm's – side, and can be tested against menu-cost models in micro data: it predicts that prices should be more likely to change if they have recently changed, and that prices should be more flexible in markets where customers can more easily compare prices. The kinked-demand theory has novel implications for monetary policy: its Phillips curve is strongly convex but does not contain any (present or past) expectations of inflation; its trade-off between output and inflation persists in the long-run; changes to the distribution of sectoral productivity shift the Phillips curve; and monetary shocks have a much longer-lasting real effect than in a menu-cost model, despite also being a model of state-dependent pricing.
Chapter 2, written with Emi Nakamura and J\'on Steinsson, starts from the assumption of nominal rigidities – asymmetric wage rigidity this time – to investigate the welfare costs of business cycles. We document that the dynamics of unemployment fit what Milton Friedman labeled a plucking model: a rise in unemployment is followed by a fall of similar amplitude, but the amplitude of the rise does not depend on the previous fall. We develop a microfounded plucking model of the business cycle to account for these phenomena. The model features downward nominal wage rigidity within an explicit search model of the labor market. Our search framework implies that downward nominal wage rigidity is fully consistent with optimizing behavior and equilibrium. We reassess the costs of business cycle fluctuations through the lens of the plucking model. Contrary to New-Keynesian models where fluctuations are cycles around an average natural rate, the plucking model generates fluctuations that are gaps below potential (as in Old-Keynesian models). In this model, business cycle fluctuations raise not only the volatility but also the average level of unemployment, and stabilization policy can reduce the average level of unemployment and therefore yield sizable welfare benefits.
Chapter 3 is a contribution to a second branch of Keynesian economics, which sees the…
Subjects/Keywords: Economics; Business cycles
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Dupraz, S. (2017). Three Essays on Economic Fluctuations. (Doctoral Dissertation). Columbia University. Retrieved from https://doi.org/10.7916/D8CJ8RSD
Chicago Manual of Style (16th Edition):
Dupraz, Stephane. “Three Essays on Economic Fluctuations.” 2017. Doctoral Dissertation, Columbia University. Accessed April 11, 2021.
https://doi.org/10.7916/D8CJ8RSD.
MLA Handbook (7th Edition):
Dupraz, Stephane. “Three Essays on Economic Fluctuations.” 2017. Web. 11 Apr 2021.
Vancouver:
Dupraz S. Three Essays on Economic Fluctuations. [Internet] [Doctoral dissertation]. Columbia University; 2017. [cited 2021 Apr 11].
Available from: https://doi.org/10.7916/D8CJ8RSD.
Council of Science Editors:
Dupraz S. Three Essays on Economic Fluctuations. [Doctoral Dissertation]. Columbia University; 2017. Available from: https://doi.org/10.7916/D8CJ8RSD
6.
Liu, Yang.
MEASURING MICRO AND MACRO UNCERTAINTY.
Degree: 2019, American University
URL: http://hdl.handle.net/1961/auislandora:84410
► This dissertation aims at building alternative measures of economic uncertainty from micro data. The resulting panel measurements enable investigations of real uncertainty effects at the…
(more)
▼ This dissertation aims at building alternative measures of economic uncertainty from micro data. The resulting panel measurements enable investigations of real uncertainty effects at the individual, firm, industry, and macro level. Two uncertainty models are introduced to demonstrate additional channels through which uncertainty poses impacts on economic activities. In the first chapter, I propose a novel firm-level uncertainty measure based on the latent conditional volatility of forecast errors. By applying this measure to I/B/E/S database, I track 1,916 U.S. public companies' uncertainties for over 34 years. The firm-level measurements are then aggregated into a macro uncertainty index and the implications at the macro- and micro-level are compared. At the macro level, VAR results indicate a strong "granular origin'' of real uncertainty effects from large firms in addition to the classical short-lived "drop and rebound'' effect. At the firm level, panel regression results confirm the negative impact of macro uncertainty on firm investment and reveal a composite effect of idiosyncratic uncertainty that depends on investment horizon, firm profitability and magnitude of shock (Empirical results are also shown in Chapter 2).The second chapter introduces two uncertainty models that show channels other than "real option'' and "risk aversion & risk premia'' in contemporary literature. The first model is based on Lucas Island Model and Capital Asset Pricing Model (CAPM). It tries to understand the uncertainty effects from the perspective of inefficient expectation and the resulting underproduction problem. The second model inherits New-Keynesian assumptions and features a competition mechanism. It emphasizes the real loss from unexpected supply and demand shocks. Both models include idiosyncratic and macro uncertainty as separate factors and predict a generally negative impact of macro uncertainty versus a composite effect of idiosyncratic uncertainty. In the third chapter, I propose a new measure of macroeconomic uncertainty that incorporates rich information set from U.S. SPF density forecasts. The measure has two key advantages over traditional measures: (i) it reflects the subjective perceptions of market participants; (ii) it is an ex-ante measure that does not require the knowledge of realized outcomes. I study the features of this measure of macroeconomic uncertainty and explore its impact on real economic activities within the U.S. as well as its spillover effects on BRIC countries.The Appendix discusses the methodology used in Chapter 3.
Economics
Finance
Statistics
Business Cycle, Economic Uncertainty Model, Firm Uncertainty, I/B/E/S, Probability Density Forecast, Uncertainty Effects
Economics
Degree Awarded: Ph.D. Economics. American University
Advisors/Committee Members: Sheng, Xuguang (Thesis advisor), Mathy, Gabriel (Other), Zhao, Yijiang (Other), Bruno, Valentina (Other).
Subjects/Keywords: Business cycles; Economics
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Liu, Y. (2019). MEASURING MICRO AND MACRO UNCERTAINTY. (Doctoral Dissertation). American University. Retrieved from http://hdl.handle.net/1961/auislandora:84410
Chicago Manual of Style (16th Edition):
Liu, Yang. “MEASURING MICRO AND MACRO UNCERTAINTY.” 2019. Doctoral Dissertation, American University. Accessed April 11, 2021.
http://hdl.handle.net/1961/auislandora:84410.
MLA Handbook (7th Edition):
Liu, Yang. “MEASURING MICRO AND MACRO UNCERTAINTY.” 2019. Web. 11 Apr 2021.
Vancouver:
Liu Y. MEASURING MICRO AND MACRO UNCERTAINTY. [Internet] [Doctoral dissertation]. American University; 2019. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/1961/auislandora:84410.
Council of Science Editors:
Liu Y. MEASURING MICRO AND MACRO UNCERTAINTY. [Doctoral Dissertation]. American University; 2019. Available from: http://hdl.handle.net/1961/auislandora:84410
7.
Vassileios, Logothetis.
Essays on political business cycles and institutions.
Degree: 2014, National and Kapodistrian University of Athens; Εθνικό και Καποδιστριακό Πανεπιστήμιο Αθηνών (ΕΚΠΑ)
URL: http://hdl.handle.net/10442/hedi/35578
► The aim of this thesis is to contribute to the empirical research that studies the interactions between economics and politics. In democratic regimes the set…
(more)
▼ The aim of this thesis is to contribute to the empirical research that studies the interactions between economics and politics. In democratic regimes the set of economic policies adopted, is decided through elections where various interests either collide or ally in favor of different politico-economic outcomes. The importance of the economy in voter’s decision making process, is identified as a factor that can have distortive effects on incumbents’ behavior before elections as those who are opportunistically driven, have the incentive to manipulate fiscal policy to enhance voters’ well-being and improve their re-election prospects. Α number of studies shows that significant and robust results in favor of this hypothesis exist. This thesis investigates whether there are other instruments and channels, besides fiscal policy, that can be used by opportunistically motivated politicians as instruments to enhance their re-election possibilities. Moreover, we study the institutional aspects upon which the emergence of such opportunistically induced effects is conditioned. In our study we employ econometric techniques in the context of dynamic panel data analysis and the areas under investigation include the level of product market regulation and the degree by which state participates in economic activity through state owned enterprises. These two areas are subject to governments’ decisions and can generate rents for certain parts of the electorate. Additionally, we examine the presence of electoral effects on composite indices that capture broader institutional and legal aspects. Finally, we investigate the existence of politically induced effects at the level of sub-national governmental entities where greater institutional homogeneity can be found. For this, we study for electoral effects on fiscal policy and public hiring for the case of Greek municipalities. Our answers document that evidence of pre-electoral manipulation can be found in the areas under examination with our results depending upon various institutional factors including the ones already identified in the relevant political budget cycles literature and others that we first incorporate in the analysis of political-economic cycles. For the case of Greece’s local governments our evidence reveal the presence of politically induced cycles both in local finances and municipal employment.
Ο σκοπός της παρούσας διατριβής είναι το να συνεισφέρει στην εμπειρική έρευνα γύρω από την αλληλεπίδραση οικονομίας και πολιτικής. Η σημασία της οικονομίας στην απόφαση των ψηφοφόρων έχει αναγνωρισθεί ότι αποτελεί έναν παράγονται που δύναται να έχει διαστρεβλωτική ισχύ στην συμπεριφορά των κυβερνώντων πριν τις εκλογές καθώς παρέχει το κίνητρο της επιλογής μέτρων πολιτικής που στοχεύουν στην πρόσκαιρη βελτίωση της οικονομική κατάστασης τμήματος του εκλογικού σώματος έτσι ώστε να βελτιστοποιηθούν οι πιθανότητες επανεκλογής. Μια σειρά εμπειρικών μελετών έχει επιβεβαίωση την ύπαρξης τέτοιων πολιτικό-οικονομικών κύκλων στα δημόσια οικονομικά. Το ερώτημα που προκύπτει είναι το…
Subjects/Keywords: Πολιτικό-οικονομικοί κύκλοι; Θεσμοί; Εκλογές; Εφαρμοσμένη οικονομετρία; Political business cycles; Panel data econometrics; Institutions; Elections
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Vassileios, L. (2014). Essays on political business cycles and institutions. (Thesis). National and Kapodistrian University of Athens; Εθνικό και Καποδιστριακό Πανεπιστήμιο Αθηνών (ΕΚΠΑ). Retrieved from http://hdl.handle.net/10442/hedi/35578
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Vassileios, Logothetis. “Essays on political business cycles and institutions.” 2014. Thesis, National and Kapodistrian University of Athens; Εθνικό και Καποδιστριακό Πανεπιστήμιο Αθηνών (ΕΚΠΑ). Accessed April 11, 2021.
http://hdl.handle.net/10442/hedi/35578.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Vassileios, Logothetis. “Essays on political business cycles and institutions.” 2014. Web. 11 Apr 2021.
Vancouver:
Vassileios L. Essays on political business cycles and institutions. [Internet] [Thesis]. National and Kapodistrian University of Athens; Εθνικό και Καποδιστριακό Πανεπιστήμιο Αθηνών (ΕΚΠΑ); 2014. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/10442/hedi/35578.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Vassileios L. Essays on political business cycles and institutions. [Thesis]. National and Kapodistrian University of Athens; Εθνικό και Καποδιστριακό Πανεπιστήμιο Αθηνών (ΕΚΠΑ); 2014. Available from: http://hdl.handle.net/10442/hedi/35578
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Hong Kong University of Science and Technology
9.
Chen, Ting.
Essays on political connections : evidence from China's land market.
Degree: 2015, Hong Kong University of Science and Technology
URL: http://repository.ust.hk/ir/Record/1783.1-80103
;
https://doi.org/10.14711/thesis-b1514457
;
http://repository.ust.hk/ir/bitstream/1783.1-80103/1/th_redirect.html
► This dissertation contains two related empirical essays on political connections in China, using evidence on the land market as a case study. The first essay…
(more)
▼ This dissertation contains two related empirical essays on political connections in China, using evidence on the land market as a case study. The first essay examines whether the politically connected firms obtain economic rents based on their connections, and their consequences both at the firm level and for the land market as a whole, whereas the second essay examines whether these bureaucrats-directors shared part of the rents. In the first essay, I employ a data set that contains land transactions conducted between the publicly listed firms and local governments in China for the period 2000-2012, and find that the politically connected firms had been able to obtain economic rents of an average magnitude of 16% from the local governments with which they have developed ties. By drawing a distinction between general political ties, which we define as firms having hired former senior officials from just anywhere in the country, and local connections, referred to those firms having hired the former officials from precisely the same municipalities in which they held positions and bought land, we rule out the possibility that managerial ability or local knowledge is the channel through which the discount associated with political connections emanate. Furthermore, by showing that the rents obtained from political connections are larger for: 1) land designated for real estate development, 2) when land was sold using a less transparent method, and 3) in regions where the size of the government bureaucracy is larger, we prove that the channel by which economic rents are created is due to rents seeking. Conversely (but consistently), the size of rents diminish noticeably in times of anti-corruption campaigns. Last but not least, while firms that paid a lower price for land has a higher market value, the discount has no effect on either the firm’s revenue or productivity. Overall, we find that evidence of political connections in China’s land market is associated with significantly greater government intervention in the land market. In my second essay, I examine the question of whether the former government and/or party officials benefited from being directors of the listed firms in which they subsequently serve. Using a different data set, I find that, while these former bureaucrats do receive compensations higher than their peers without prior bureaucratic experience, this premium is actually attributed to the “connecting role” they helpfully assumed in the land transactions, rather than based on the firm’s overall performance—metrics upon which compensations made to their non-official directors are based. Specifically, firms with directors who are formerly bureaucrats serving in the same municipality from which they purchased land paid an average of 17% less on land price, from which about 1%—equivalent to about 0.5 million yuan per deal—is paid to them as bonus. The “broker” directors also profit from trading firm’s stock before and after the land transaction. Consistent with the previous findings, this one similarly…
Subjects/Keywords: Land use
; Political aspects
; China
; Business and politics
; Corporations
; Political activity
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Chicago ·
MLA ·
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to Zotero / EndNote / Reference
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APA (6th Edition):
Chen, T. (2015). Essays on political connections : evidence from China's land market. (Thesis). Hong Kong University of Science and Technology. Retrieved from http://repository.ust.hk/ir/Record/1783.1-80103 ; https://doi.org/10.14711/thesis-b1514457 ; http://repository.ust.hk/ir/bitstream/1783.1-80103/1/th_redirect.html
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Chen, Ting. “Essays on political connections : evidence from China's land market.” 2015. Thesis, Hong Kong University of Science and Technology. Accessed April 11, 2021.
http://repository.ust.hk/ir/Record/1783.1-80103 ; https://doi.org/10.14711/thesis-b1514457 ; http://repository.ust.hk/ir/bitstream/1783.1-80103/1/th_redirect.html.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Chen, Ting. “Essays on political connections : evidence from China's land market.” 2015. Web. 11 Apr 2021.
Vancouver:
Chen T. Essays on political connections : evidence from China's land market. [Internet] [Thesis]. Hong Kong University of Science and Technology; 2015. [cited 2021 Apr 11].
Available from: http://repository.ust.hk/ir/Record/1783.1-80103 ; https://doi.org/10.14711/thesis-b1514457 ; http://repository.ust.hk/ir/bitstream/1783.1-80103/1/th_redirect.html.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Chen T. Essays on political connections : evidence from China's land market. [Thesis]. Hong Kong University of Science and Technology; 2015. Available from: http://repository.ust.hk/ir/Record/1783.1-80103 ; https://doi.org/10.14711/thesis-b1514457 ; http://repository.ust.hk/ir/bitstream/1783.1-80103/1/th_redirect.html
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Hong Kong University of Science and Technology
10.
Zhou, Jieyu MGMT.
Political embeddedness and firm outcome in an emerging market.
Degree: 2017, Hong Kong University of Science and Technology
URL: http://repository.ust.hk/ir/Record/1783.1-95315
;
https://doi.org/10.14711/thesis-991012560368903412
;
http://repository.ust.hk/ir/bitstream/1783.1-95315/1/th_redirect.html
► This dissertation consists of two related essays on political embeddedness and tries to advance the political economy literature by examining the effectiveness of private firms’…
(more)
▼ This dissertation consists of two related essays on political embeddedness and tries to advance the political economy literature by examining the effectiveness of private firms’ political embeddedness and tackling the internal mechanisms through which political embeddedness influences corporate financial performance and innovation performance. The dissertation examines two important questions: 1) at the individual level, how would entrepreneur owners’ political embeddedness affect corporate financial performance; and 2) at the top management team level, how would political embeddedness of top managers influence firm innovation for private firms. I address these issues in two separate essays and use different samples of private firms in China to test my propositions, including both the survey data on Chinese private firms in 1999 and in 2009 and archival data on listed firms in China during 2008-2012. Essay one investigates the relationship between entrepreneur owners’ political embeddedness and corporate financial performance. Based on the political economy literature and resource-based view, I addressed that political embeddedness would generate better firm performance for private firms with more intangible resources because those firms are more effective in utilizing the potential resources provided by political embeddedness due to the resource complementarity effect. In addition, the positive joint effect of political embeddedness and intangible resources increases as the market becomes more developed since the enlarged market opportunities amplify the room for firms to realize the value of resource combination between government-controlled resources and firms’ intangible resources. Essay two intends to dwell deeper into the influences of bureaucratic embeddedness by examining its disparate effects on two types of firm innovation: incremental innovation and radical innovation. Investigation in a panel of small private listed firms in China from 2008 to 2012 suggests that top managers’ bureaucratic embeddedness propels private firms to engage more in incremental innovation and less in radical innovation. Moreover, the effects of bureaucratic embeddedness on firm innovation are contingent on firm slack, foreign ownership and provincial state power.
Subjects/Keywords: Political entrepreneurship
; China
; Business enterprises
; Political aspects
; Economics
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Zhou, J. M. (2017). Political embeddedness and firm outcome in an emerging market. (Thesis). Hong Kong University of Science and Technology. Retrieved from http://repository.ust.hk/ir/Record/1783.1-95315 ; https://doi.org/10.14711/thesis-991012560368903412 ; http://repository.ust.hk/ir/bitstream/1783.1-95315/1/th_redirect.html
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Zhou, Jieyu MGMT. “Political embeddedness and firm outcome in an emerging market.” 2017. Thesis, Hong Kong University of Science and Technology. Accessed April 11, 2021.
http://repository.ust.hk/ir/Record/1783.1-95315 ; https://doi.org/10.14711/thesis-991012560368903412 ; http://repository.ust.hk/ir/bitstream/1783.1-95315/1/th_redirect.html.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Zhou, Jieyu MGMT. “Political embeddedness and firm outcome in an emerging market.” 2017. Web. 11 Apr 2021.
Vancouver:
Zhou JM. Political embeddedness and firm outcome in an emerging market. [Internet] [Thesis]. Hong Kong University of Science and Technology; 2017. [cited 2021 Apr 11].
Available from: http://repository.ust.hk/ir/Record/1783.1-95315 ; https://doi.org/10.14711/thesis-991012560368903412 ; http://repository.ust.hk/ir/bitstream/1783.1-95315/1/th_redirect.html.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Zhou JM. Political embeddedness and firm outcome in an emerging market. [Thesis]. Hong Kong University of Science and Technology; 2017. Available from: http://repository.ust.hk/ir/Record/1783.1-95315 ; https://doi.org/10.14711/thesis-991012560368903412 ; http://repository.ust.hk/ir/bitstream/1783.1-95315/1/th_redirect.html
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Nelson Mandela Metropolitan University
11.
Conradie, Tiaan.
The South African economy and internationally fuelled business cycles: an econometric analysis.
Degree: Faculty of Business and Economic Sciences, 2015, Nelson Mandela Metropolitan University
URL: http://hdl.handle.net/10948/4354
► The objective of this study is to understand the dynamics of international monetary policy and the relationship that exists between larger more developed economies and…
(more)
▼ The objective of this study is to understand the dynamics of international monetary policy and the relationship that exists between larger more developed economies and smaller less developed economies within a policy context. The 2008 financial crisis has caused intense revival of Austrian economics due to the monetary nature of the recession caused as a subsequent effect of the stock/housing market collapse that occurred in 2007. One factor of the 2008 financial crisis that created intense concern was the extent to which the slowdown in economic activity was able to be transmitted across international borders. The South African economy was not isolated from the financial crisis by any means and experienced a significant slowdown in economic growth. By making use of data collected from the Federal Reserve Bank of St. Louis and the appropriate econometric techniques, a model is developed to study the dynamics between United States monetary policy and the South African economy. The Austrian School provides a sound theoretical framework that allows for the specification of testable propositions to verify the validity of an “Austrian” internationally transmitted business cycle. Using United States money supply, South African private consumption, South African gross fixed capital formation and the South African current account, a vector autoregressive model is specified to analyse the dynamics behind the United States and South African economy. The results of the empirical test all confirm the theoretical prescriptions developed in the literature review that monetary growth in the United States raise consumption, investment and improve the current account balance in the South African economy. This is a novel result for this study as it confirms that a large central economy has the ability to trigger economic expansions in a peripheral economy. This study further points out the inefficiencies associated with Keynesian style policy making and propagates for a movement towards a more prudent Austrian approach. Keynesian policy making through demand oriented policies have historically been more concerned with “curing” economic instability rather than preventing it. In light of this, the need for economic reform specifically within the manner in which monetary policy is conducted is evident. Aggressive monetary policy in the wake of economic slowdown is no longer effective at creating a sustainable and stable economic environment. A movement away from the monopolization of money and central economic decision making is necessary if the global economy wishes to reach economic permanence.
Subjects/Keywords: Business cycles – Econometric models; Econometrics
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Conradie, T. (2015). The South African economy and internationally fuelled business cycles: an econometric analysis. (Thesis). Nelson Mandela Metropolitan University. Retrieved from http://hdl.handle.net/10948/4354
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Conradie, Tiaan. “The South African economy and internationally fuelled business cycles: an econometric analysis.” 2015. Thesis, Nelson Mandela Metropolitan University. Accessed April 11, 2021.
http://hdl.handle.net/10948/4354.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Conradie, Tiaan. “The South African economy and internationally fuelled business cycles: an econometric analysis.” 2015. Web. 11 Apr 2021.
Vancouver:
Conradie T. The South African economy and internationally fuelled business cycles: an econometric analysis. [Internet] [Thesis]. Nelson Mandela Metropolitan University; 2015. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/10948/4354.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Conradie T. The South African economy and internationally fuelled business cycles: an econometric analysis. [Thesis]. Nelson Mandela Metropolitan University; 2015. Available from: http://hdl.handle.net/10948/4354
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Cornell University
12.
Wang, Yankun.
Essays On Financial Frictions And Business Cycles.
Degree: PhD, Economics, 2011, Cornell University
URL: http://hdl.handle.net/1813/30743
► In this dissertation I explore the relationship between the frictions in a country's financial market and its business cycle movements. It is well known that…
(more)
▼ In this dissertation I explore the relationship between the frictions in a country's financial market and its
business cycle movements. It is well known that the financial market is far from perfect, and shocks originating in such market could have sizable impact on the real economy. On the other hand, evolvement in the financial market could also be a reflection of the real economy. For example, economic downturn often leads to high borrowing cost for a country in the international financial market. The essays in this dissertation present an analysis of this two-way relationship, both qualitatively and quantitatively. The first essay studies the link between country credit spreads - defined as the difference between a home country's cost of borrowing from the international credit market and the world riskless interest rate - and the domestic
business cycle fluctuations. By combining both empirical and theoretical analysis, this essay shows that deteriorating credit markets are both reflections of a declining economy and a major factor that depresses economic activity. This study uses a quarterly dataset over the period 1972Q1 to 2010Q1 for South Korea. The second essay probes the importance of financial shocks in creating
business cycles in the United States. It starts from a theoretical dynamic stochastic generating equilibrium model, which identifies positive financial shocks as those that drag down the corporate net worth while raising domestic output. An empirical analysis later uses this property to identify financial shocks and study their importance in creating
business cycle movement for the U.S. in the past fifty years. This property is in stark contrast to technological shocks, which raise both corporate net worth and total output.
Advisors/Committee Members: Razin, Assaf (chair), Prasad, Eswar Shanker (committee member), Mitra, Tapan (committee member), Shell, Karl (committee member).
Subjects/Keywords: Business Cycles; Macro-Finance Linkage
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Wang, Y. (2011). Essays On Financial Frictions And Business Cycles. (Doctoral Dissertation). Cornell University. Retrieved from http://hdl.handle.net/1813/30743
Chicago Manual of Style (16th Edition):
Wang, Yankun. “Essays On Financial Frictions And Business Cycles.” 2011. Doctoral Dissertation, Cornell University. Accessed April 11, 2021.
http://hdl.handle.net/1813/30743.
MLA Handbook (7th Edition):
Wang, Yankun. “Essays On Financial Frictions And Business Cycles.” 2011. Web. 11 Apr 2021.
Vancouver:
Wang Y. Essays On Financial Frictions And Business Cycles. [Internet] [Doctoral dissertation]. Cornell University; 2011. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/1813/30743.
Council of Science Editors:
Wang Y. Essays On Financial Frictions And Business Cycles. [Doctoral Dissertation]. Cornell University; 2011. Available from: http://hdl.handle.net/1813/30743

University of Ghana
13.
Dziwornu, D.T.
Business Cycles, Bank Risks and Spread in Ghana
.
Degree: 2018, University of Ghana
URL: http://ugspace.ug.edu.gh/handle/123456789/30678
► The purpose of this study was to determine the relationship between liquidity and credit risks, and bank spread. It also sought to determine the cyclicality…
(more)
▼ The purpose of this study was to determine the relationship between liquidity and credit risks, and bank spread. It also sought to determine the cyclicality of the effects of liquidity and credit risks. Financial institutions play an important role in the Ghana’s economy. Among other things, the intermediary role they play between entities with surplus funds and those who have a deficit. They do this by accepting surplus funds through savings and other deposits which they then give to deficit entities through loans, overdrafts and other means. Theories such as the theory of financial intermediation assign some activities, also known as qualitative assets transformation, as the fundamental functions of banks. These activities that banks undertake also have associated risks which include liquidity risks and credit risks. The risks affiliated with maturity transformation evolve partly as a result of ensuring a sustainable level of liquidity anytime short-term deposits are used to finance fixed-rate long-term loans. This results in liquidity risks. Also, as intermediaries, banks stand surety for borrowers, since they guarantee repayment to depositors (lenders). To obtain the goals of the study, data was obtained from the Ghana Stock Exchange for banks that had quarterly data from the year 2008 to 2017. Macroeconomic data was taken from the World Bank database and Ghana Statistical Service database. These were analysed using the Generalised Methods of Moments (GMM) estimation technique.
The findings of the study show firstly that, business cycles have a strong positive relationship with bank spread. This relationship is statistically significant, suggesting that there is a strong relationship and correlation between business cycle phases and the interest rate spread of banks, hence bank spread among the sampled banks is procyclical. Also, the findings indicate that credit risk is significant than liquidity risk in explaining bank spreads, but their relative effects differ over the business cycle phases. Credit risk is more significant on spreads in the period of expansion in the economy, while liquidity risk is more significant on spreads in the period of recession in Ghana. It is recommended that banks should factor the cyclical feature of liquidity risk and credit risk in pricing loans. Future researchers should consider cross-country analysis in Sub Saharan Africa to determine whether our findings can be extended to include other countries in the region.
Subjects/Keywords: Business Cycles;
Bank Risks;
Ghana
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Dziwornu, D. T. (2018). Business Cycles, Bank Risks and Spread in Ghana
. (Masters Thesis). University of Ghana. Retrieved from http://ugspace.ug.edu.gh/handle/123456789/30678
Chicago Manual of Style (16th Edition):
Dziwornu, D T. “Business Cycles, Bank Risks and Spread in Ghana
.” 2018. Masters Thesis, University of Ghana. Accessed April 11, 2021.
http://ugspace.ug.edu.gh/handle/123456789/30678.
MLA Handbook (7th Edition):
Dziwornu, D T. “Business Cycles, Bank Risks and Spread in Ghana
.” 2018. Web. 11 Apr 2021.
Vancouver:
Dziwornu DT. Business Cycles, Bank Risks and Spread in Ghana
. [Internet] [Masters thesis]. University of Ghana; 2018. [cited 2021 Apr 11].
Available from: http://ugspace.ug.edu.gh/handle/123456789/30678.
Council of Science Editors:
Dziwornu DT. Business Cycles, Bank Risks and Spread in Ghana
. [Masters Thesis]. University of Ghana; 2018. Available from: http://ugspace.ug.edu.gh/handle/123456789/30678

Università della Svizzera italiana
14.
Lopez, Pierlauro.
Essays in macro-finance.
Degree: 2013, Università della Svizzera italiana
URL: http://doc.rero.ch/record/209910
► This doctoral thesis explores the boundary between macroeconomics and finance by focusing on three questions: (i) the measure of the cost of aggregate uncertainty at…
(more)
▼ This doctoral thesis explores the boundary between
macroeconomics and finance by focusing on three questions: (i) the
measure of the cost of aggregate uncertainty at different horizons
and over time; (ii) the role of nominal rigidities in explaining
stock-bond yield comovement; (iii) the role of stock prices in the
conduct of monetary policy. The objective is to identify some of
the implications of asset pricing models for macroeconomics and of
monetary economics for asset pricing.
Advisors/Committee Members: Fabio (Dir.).
Subjects/Keywords: Welfare cost of business cycles
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Lopez, P. (2013). Essays in macro-finance. (Thesis). Università della Svizzera italiana. Retrieved from http://doc.rero.ch/record/209910
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Lopez, Pierlauro. “Essays in macro-finance.” 2013. Thesis, Università della Svizzera italiana. Accessed April 11, 2021.
http://doc.rero.ch/record/209910.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Lopez, Pierlauro. “Essays in macro-finance.” 2013. Web. 11 Apr 2021.
Vancouver:
Lopez P. Essays in macro-finance. [Internet] [Thesis]. Università della Svizzera italiana; 2013. [cited 2021 Apr 11].
Available from: http://doc.rero.ch/record/209910.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Lopez P. Essays in macro-finance. [Thesis]. Università della Svizzera italiana; 2013. Available from: http://doc.rero.ch/record/209910
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Boston College
15.
Dzhambova-Andonova, Krastina B.
Macroeconomic Implications of Fiscal Policy in a Small Open
Economy.
Degree: PhD, Economics, 2018, Boston College
URL: http://dlib.bc.edu/islandora/object/bc-ir:108102
► This dissertation deals with the macroeconomic implications of fiscal policy in small open economies with a particular emphasis on emerging economies. I use both empirical…
(more)
▼ This dissertation deals with the macroeconomic
implications of fiscal policy in small open economies with a
particular emphasis on emerging economies. I use both empirical and
theoretical approaches to distinguish key difference in the design
of fiscal policy between emerging and developed economies. I also
analyze the macroeconomic consequences of differences in the
conduct of fiscal policy. Thus, the dissertation is focused on the
interplay between fiscal policy and
business cycle dynamics. Recent
policy challenges in developed economies, such as monetary
authorities grappling with the zero lower bound on short run
nominal rates and fiscal stimulus packages emerging as an important
policy tool, have sparked renewed academic interest in the topic of
fiscal policy and
business cycles. Institutional and macroeconomic
features in emerging economies make the macroeconomic
aspects of
fiscal policy an important research agenda and one to which this
dissertation contributes. A number of papers have documented fiscal
policy pro-cyclicality in terms of stronger co-movement between
government expenditure and macroeconomic fundamentals in emerging
and developing economies. This feature of the data raises 2
important questions: 1) does fiscal policy reinforce the
macroeconomic cycle in these countries leading to heighten
macroeconomic volatility ("when it rains, it pours"), and 2) is the
fiscal stance in these economies due to unique macroeconomic
features or is it the consequence of institutional and
political
imperfections? The first chapter, titled "When it rains, it pours":
fiscal policy, credit constraints and
business cycles in emerging
and developed economies, sets out to answer these questions by
comparatively studying a group of developed and emerging economies.
I estimate a panel structural vector autoregressive model to
investigate if government consumption expenditure responds more
pro-cyclically to fundamentals and what role international
financial conditions play for the fiscal stance and for the
volatility of the cycle in emerging and developed economies. My
findings suggest that the response to output fluctuations is not
systematically different for emerging governments relative to their
developed counterparts. However, emerging governments curtail
spending in response to increases in the sovereign borrowing rate
which forces their consumption expenditure to act more
pro-cyclically. I find evidence of higher fiscal discretion in
emerging economies. However, the efficacy of government consumption
expenditure is substantially lower in emerging than in developed
economies. Thus, fiscal policy ends up being responsible for a
lower share of
business cycle volatility in emerging than in
developed economies. In the second chapter, titled Estimating the
Dynamics of Fiscal Financing in Emerging Economies, I propose a
strategy for estimating the government financing rule for an
emerging economy. The estimation uses the structural VAR impulse
responses obtained in the previous chapter to discipline the
parameters of a…
Advisors/Committee Members: Peter N. Ireland (Thesis advisor).
Subjects/Keywords: fiscal policy; international business cycles
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Dzhambova-Andonova, K. B. (2018). Macroeconomic Implications of Fiscal Policy in a Small Open
Economy. (Doctoral Dissertation). Boston College. Retrieved from http://dlib.bc.edu/islandora/object/bc-ir:108102
Chicago Manual of Style (16th Edition):
Dzhambova-Andonova, Krastina B. “Macroeconomic Implications of Fiscal Policy in a Small Open
Economy.” 2018. Doctoral Dissertation, Boston College. Accessed April 11, 2021.
http://dlib.bc.edu/islandora/object/bc-ir:108102.
MLA Handbook (7th Edition):
Dzhambova-Andonova, Krastina B. “Macroeconomic Implications of Fiscal Policy in a Small Open
Economy.” 2018. Web. 11 Apr 2021.
Vancouver:
Dzhambova-Andonova KB. Macroeconomic Implications of Fiscal Policy in a Small Open
Economy. [Internet] [Doctoral dissertation]. Boston College; 2018. [cited 2021 Apr 11].
Available from: http://dlib.bc.edu/islandora/object/bc-ir:108102.
Council of Science Editors:
Dzhambova-Andonova KB. Macroeconomic Implications of Fiscal Policy in a Small Open
Economy. [Doctoral Dissertation]. Boston College; 2018. Available from: http://dlib.bc.edu/islandora/object/bc-ir:108102

Uppsala University
16.
Gabrielle, Tamás Larsson, Vasi.
Comparison of Dettrending Methods.
Degree: Statistics, 2012, Uppsala University
URL: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-175493
► This thesis examines the difference between the extracted cyclical components of some macroeconomic time series using four popular detrending methods HP, BK, CF and…
(more)
▼ This thesis examines the difference between the extracted cyclical components of some macroeconomic time series using four popular detrending methods HP, BK, CF and FOD. We use different approaches to compare their differences. A standard examination of the cyclical component is applied. We also take a frequency domain approach and examine the sample spectra for each cycle. Moreover, impulse responses and the correlation between the cyclical components extracted by each detrending method are studied. We conclude that for quarterly data HP, BK and CF produce similar cycles. However, when considering annual data the HP diverges from the other filters. The FOD extracts cycles that are not similar to those of the other three examined filters.
Subjects/Keywords: Business cycles; detrending methods
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Gabrielle, Tamás Larsson, V. (2012). Comparison of Dettrending Methods. (Thesis). Uppsala University. Retrieved from http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-175493
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Gabrielle, Tamás Larsson, Vasi. “Comparison of Dettrending Methods.” 2012. Thesis, Uppsala University. Accessed April 11, 2021.
http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-175493.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Gabrielle, Tamás Larsson, Vasi. “Comparison of Dettrending Methods.” 2012. Web. 11 Apr 2021.
Vancouver:
Gabrielle, Tamás Larsson V. Comparison of Dettrending Methods. [Internet] [Thesis]. Uppsala University; 2012. [cited 2021 Apr 11].
Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-175493.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Gabrielle, Tamás Larsson V. Comparison of Dettrending Methods. [Thesis]. Uppsala University; 2012. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-175493
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Columbia University
17.
Hyun, Jungsik.
Essays in Applied Macroeconomics.
Degree: 2020, Columbia University
URL: https://doi.org/10.7916/d8-htx8-z130
► This dissertation combines micro-level empirical analyses and general equilibrium structural models to study shock propagation mechanisms and business cycles dynamics, with a particular emphasis on…
(more)
▼ This dissertation combines micro-level empirical analyses and general equilibrium structural models to study shock propagation mechanisms and business cycles dynamics, with a particular emphasis on the role played by firms. In the first chapter, we study how regional shocks spill over across U.S. local markets through intra-firm market networks and explore how such spillovers reshape household welfare across regions. We link data on barcode-region-level prices and quantities with producer-level information to exploit variation in firms' initial exposure to differential drops in local house prices in the 2007-09 recession. We show that a firm's local sales decrease in response to not only direct negative local demand shock but also indirect negative local demand shocks originating in its other markets. Intra-firm cross-market spillover effects arise mainly from product creation and destruction, whereas direct local shock operates through the sales of continuing products. Spillover effects occur because (i) firms replace products that have higher value – sales per product, unit price, and organic sales share – with lower-value ones in response to negative demand shocks, and (ii) such product replacements are synchronized across many markets within each firm. Counterfactual analysis using an estimated multi-region model with endogenous quality adjustments shows that our channel works as a novel inter-regional shock transmission mechanism and generates an implicit regional redistribution effect. Such effect is economically sizable and is comparable to the size of transfer policies implemented during the Great Recession.
In the second chapter, we investigate a role of supply chain network in transmitting housing market disruptions during the Great Recession. We build up a unique micro-level data that combines local housing market condition, firms' sales in each local market, and firm-level supply chain network information. Exploiting firm-specific demand shock stemming from cross-market variation in house price changes and an initial difference in firms' local sales, we find that such shock not only affects downstream firms but also transmits to their suppliers. The estimated supplier-level elasticity is quantitatively large, reflecting larger role of downstream firms with higher elasticity in the network structure. To quantify such propagation at the aggregate level, we build up a parsimonious network model calibrated to match the micro-level data. Our counterfactual analysis shows that approximately 18% of the observed drop in the aggregate output can be attributed to the propagating role of the supply chain network.
In the third chapter, we study the business cycle with a Translog production function. We empirically identify a complementarity between labor and energy that leads to procyclical returns to scale, which is not compatible with the tightly parameterized production function commonly used in the literature (Cobb-Douglas and CES). Therefore, we propose a flexible Translog production function that not only…
Subjects/Keywords: Economics; Macroeconomics; Business cycles
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APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Hyun, J. (2020). Essays in Applied Macroeconomics. (Doctoral Dissertation). Columbia University. Retrieved from https://doi.org/10.7916/d8-htx8-z130
Chicago Manual of Style (16th Edition):
Hyun, Jungsik. “Essays in Applied Macroeconomics.” 2020. Doctoral Dissertation, Columbia University. Accessed April 11, 2021.
https://doi.org/10.7916/d8-htx8-z130.
MLA Handbook (7th Edition):
Hyun, Jungsik. “Essays in Applied Macroeconomics.” 2020. Web. 11 Apr 2021.
Vancouver:
Hyun J. Essays in Applied Macroeconomics. [Internet] [Doctoral dissertation]. Columbia University; 2020. [cited 2021 Apr 11].
Available from: https://doi.org/10.7916/d8-htx8-z130.
Council of Science Editors:
Hyun J. Essays in Applied Macroeconomics. [Doctoral Dissertation]. Columbia University; 2020. Available from: https://doi.org/10.7916/d8-htx8-z130

Queens University
18.
Rouillard, Jean-Francois.
National and International Business Cycles : the Role of Financial Frictions and Shocks
.
Degree: Economics, 2013, Queens University
URL: http://hdl.handle.net/1974/7989
► This dissertation investigates the effects of frictions that emerge from financial markets on business-cycle fluctuations. The purpose of Chapter 1 is to situate my work…
(more)
▼ This dissertation investigates the effects of frictions that emerge from financial markets on business-cycle fluctuations. The purpose of Chapter 1 is to situate my work in the literature and to stress its contributions. In Chapter 2, I reassess the role of financial frictions in amplifying the impacts of productivity shocks using a framework in which a fraction of firms are borrowing-constrained and land is a collateral asset. A first finding is that amplification effects are much lower when land is supplied elastically. However, financial shocks that affect the maximum allowable ratio of loans to collateral have greater effects on output. Another result pertains to the role of the elasticity of substitution between land and capital in responses to financial shocks: lower values generate greater output responses.
While Chapter 2's environment is set up to be in a closed-economy, the last two chapters involve two-country settings. Chapter 3 still intersects with Chapter 2 on some dimensions, in particular, land dynamics and financial frictions that feature borrowing-constrained firms. The borrowing mechanism brings about a distortion in labour markets that interacts with a class of preferences that are non-separable between consumption and leisure. Technology shocks contribute to explain international co-movements, whereas financial shocks allow the model to replicate the lack of international risk sharing that is characterized by the quantity anomaly and the Backus-Smith puzzle.
In Chapter 4, I apply Chari, Kehoe and McGrattan’s (2007) business cycle accounting method to a two-country, two-good real business cycle model. Using their approach, I measure the same closed-economy time-varying wedges and I introduce an international wedge that accounts for discrepancies between the growth in real exchange rates and in the stochastic discount factors ratio. In fact, the effects of financial frictions embedded in Chapter 3's framework can be retrieved from a combination of labour and investment wedges. The volatility of the international wedge corresponds to a metric of bilateral risk sharing. An important finding is that, from a non-separable preferences specification of the baseline model, the investment wedge partly accounts for the Backus-Smith puzzle. This suggests that distortions in national capital markets are important to consider for international risk sharing.
Subjects/Keywords: financial markets
;
business cycles
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Rouillard, J. (2013). National and International Business Cycles : the Role of Financial Frictions and Shocks
. (Thesis). Queens University. Retrieved from http://hdl.handle.net/1974/7989
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Rouillard, Jean-Francois. “National and International Business Cycles : the Role of Financial Frictions and Shocks
.” 2013. Thesis, Queens University. Accessed April 11, 2021.
http://hdl.handle.net/1974/7989.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Rouillard, Jean-Francois. “National and International Business Cycles : the Role of Financial Frictions and Shocks
.” 2013. Web. 11 Apr 2021.
Vancouver:
Rouillard J. National and International Business Cycles : the Role of Financial Frictions and Shocks
. [Internet] [Thesis]. Queens University; 2013. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/1974/7989.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Rouillard J. National and International Business Cycles : the Role of Financial Frictions and Shocks
. [Thesis]. Queens University; 2013. Available from: http://hdl.handle.net/1974/7989
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Montana
19.
Jenkins, Walter Leon.
Stock prices as statistical indicators of economic fluctuations.
Degree: MA, 1959, University of Montana
URL: https://scholarworks.umt.edu/etd/8438
Subjects/Keywords: Business cycles.
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Jenkins, W. L. (1959). Stock prices as statistical indicators of economic fluctuations. (Masters Thesis). University of Montana. Retrieved from https://scholarworks.umt.edu/etd/8438
Chicago Manual of Style (16th Edition):
Jenkins, Walter Leon. “Stock prices as statistical indicators of economic fluctuations.” 1959. Masters Thesis, University of Montana. Accessed April 11, 2021.
https://scholarworks.umt.edu/etd/8438.
MLA Handbook (7th Edition):
Jenkins, Walter Leon. “Stock prices as statistical indicators of economic fluctuations.” 1959. Web. 11 Apr 2021.
Vancouver:
Jenkins WL. Stock prices as statistical indicators of economic fluctuations. [Internet] [Masters thesis]. University of Montana; 1959. [cited 2021 Apr 11].
Available from: https://scholarworks.umt.edu/etd/8438.
Council of Science Editors:
Jenkins WL. Stock prices as statistical indicators of economic fluctuations. [Masters Thesis]. University of Montana; 1959. Available from: https://scholarworks.umt.edu/etd/8438

Boston College
20.
Cormun, Vito.
Essays in Macroeconomics.
Degree: PhD, Economics, 2020, Boston College
URL: http://dlib.bc.edu/islandora/object/bc-ir:108723
► The dissertation studies the sources of business cycles taking both an open and a closed economy perspective. A common feature of the two chapters composing…
(more)
▼ The dissertation studies the sources of
business
cycles taking both an open and a closed economy perspective. A
common feature of the two chapters composing the dissertation is
the use of simple, but powerful classifications and identifications
of sources of
business cycles. In particular, the first chapter,
titled “What are the Sources of Boom-Bust
Cycles?”, concerns the
distinction between economic fluctuations due to changes in
beliefs, and fluctuations due to changes in fundamentals, showing
results that challenge traditional approaches to modeling
business
cycles. The second chapter, titled “Shocks and Exchange Rates in
Small Open Economies”, takes the perspective of small open
economies, and concerns the distinc- tion between global and
domestic shocks, showing results that are informative for a series
of puzzling facts concerning the dynamics of the exchange rate. In
“What are the Sources of Boom-Bust
Cycles?,” joint with Marco
Brianti, we provide a synthesis of two major views on economic
fluctuations. One view maintains that expansions and recessions
arise from the interchange of positive and negative persistent
exogenous shocks to fundamentals. This is the conventional view
that gave rise to the profusion of shocks used in modern dynamic
stochastic general equilibrium models. In contrast, a second view,
which we call the endogenous
cycles view, holds that
business cycle
fluctuations are due to forces that are internal to the economy and
that endogenously favor recurrent periods of boom followed by a
bust. In this environment,
cycles can occur after small perturba-
tions of the long run equilibrium. We find empirical evidence
pointing at the coexistence of both views. In particular, we find
that the cyclical behaviour of economic aggregates is due in part
to strong internal mechanisms that generate boom-bust phenomena in
response to small changes in expectations, and in part to the
interchange of positive and negative persistent fundamental shocks.
Motivated by our findings, we build a theory that unifies the
dominant paradigm with the endogenous
cycles approach. Our theory
suggests that recessions and expansions are intimately related
phenomena, and that understanding the nature of an expansion,
whether it is driven by fundamentals or by beliefs, is a first
order issue for policy makers whose mandate is to limit the
occurrance of inefficient economic fluctuations. In “Shocks and
Exchange Rates in Small Open Economies,” joint with Pierre De Leo,
we propose a novel approach to separately identify domestic and
external shocks in small open economies. Our results provide
guidance about the transmission mechanism of these shocks and
revisit recent conclusions drawn on the exchange rate effects of
monetary policy in small open economies. The identification method
is based on the premise that shocks originating from within a small
economy should not influence world variables at any horizon, while
external (or global) shocks should affect world variables at least
at some horizon. We obtain three empirically related…
Advisors/Committee Members: Ryan Chahrour (Thesis advisor).
Subjects/Keywords: Economic fluctuations; Business cycles
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Cormun, V. (2020). Essays in Macroeconomics. (Doctoral Dissertation). Boston College. Retrieved from http://dlib.bc.edu/islandora/object/bc-ir:108723
Chicago Manual of Style (16th Edition):
Cormun, Vito. “Essays in Macroeconomics.” 2020. Doctoral Dissertation, Boston College. Accessed April 11, 2021.
http://dlib.bc.edu/islandora/object/bc-ir:108723.
MLA Handbook (7th Edition):
Cormun, Vito. “Essays in Macroeconomics.” 2020. Web. 11 Apr 2021.
Vancouver:
Cormun V. Essays in Macroeconomics. [Internet] [Doctoral dissertation]. Boston College; 2020. [cited 2021 Apr 11].
Available from: http://dlib.bc.edu/islandora/object/bc-ir:108723.
Council of Science Editors:
Cormun V. Essays in Macroeconomics. [Doctoral Dissertation]. Boston College; 2020. Available from: http://dlib.bc.edu/islandora/object/bc-ir:108723
21.
Kuhn, Florian.
Essays on topics in business cycle macroeconomics with heterogeneous agents.
Degree: PhD, Economics, 2015, University of Texas – Austin
URL: http://hdl.handle.net/2152/30987
► This dissertation investigates several business cycle relationships when economic agents are heterogeneous. The particular focus is on the interactions between the cross-section of agents and…
(more)
▼ This dissertation investigates several
business cycle relationships when economic agents are heterogeneous. The particular focus is on the interactions between the cross-section of agents and the aggregate state of the economy. The first chapter shows that, when occasionally binding capacity constraints limit the production of heterogeneous firms, demand shocks can endogenously generate a number of important
business cycle regularities: recessions are deeper than booms are high, firm-level volatility is countercyclical, the aggregate Solow residual is procyclical and the fiscal multiplier is countercyclical. A baseline calibration of a basic New Keynesian DSGE model with capacity constraints shows that this mechanism can explain more than a quarter of the empirically observed asymmetry in output, and matches the cyclicality of firm-level profitability dispersion and of the measured Solow residual. The model implies fluctuations in the fiscal multiplier of around 0.12 between expansions and recessions. Chapter two takes a different approach to firm level uncertainty, exploring how recessions can cause an endogenous rise in firm risk. If heterogeneous firms face real and financial frictions, then a shock to the mean of aggregate productivity endogenously leads to countercyclical profitability risk through firms' heterogeneous responses in price setting. Additionally, the mechanism endogenously generates countercyclical credit spreads and credit spread dispersion. The model explains a large share of the observed fluctuations in profitability dispersion (69%) and in credit spreads (40%) through fluctuations in aggregate TFP holding productivity risk constant. This suggests that the scope for uncertainty shocks to explain recessions may be smaller than previously thought. The third chapter focuses on distributional effects of oil price shocks on the household side. In the model, household behavior replicates two patterns found in household-level data which show that gas consumption increases with income, but on the intensive margin gasoline consumption as a share of the household's budget decreases with income. The model includes gas consumption in household utility on top of a fixed minimum level of gas consumption. Calibrated simulations suggest that a shock to the gas price is almost twice as costly for relatively poor households than for relatively rich households.
Advisors/Committee Members: Kehrig, Matthias (advisor), Coibion, Olivier (advisor), Glover, Andrew S (committee member), Bhattarai, Saroj (committee member), Martínez-García, Enrique (committee member), Rothert, Jacek (committee member).
Subjects/Keywords: Heterogeneous agents; Business cycles
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Kuhn, F. (2015). Essays on topics in business cycle macroeconomics with heterogeneous agents. (Doctoral Dissertation). University of Texas – Austin. Retrieved from http://hdl.handle.net/2152/30987
Chicago Manual of Style (16th Edition):
Kuhn, Florian. “Essays on topics in business cycle macroeconomics with heterogeneous agents.” 2015. Doctoral Dissertation, University of Texas – Austin. Accessed April 11, 2021.
http://hdl.handle.net/2152/30987.
MLA Handbook (7th Edition):
Kuhn, Florian. “Essays on topics in business cycle macroeconomics with heterogeneous agents.” 2015. Web. 11 Apr 2021.
Vancouver:
Kuhn F. Essays on topics in business cycle macroeconomics with heterogeneous agents. [Internet] [Doctoral dissertation]. University of Texas – Austin; 2015. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/2152/30987.
Council of Science Editors:
Kuhn F. Essays on topics in business cycle macroeconomics with heterogeneous agents. [Doctoral Dissertation]. University of Texas – Austin; 2015. Available from: http://hdl.handle.net/2152/30987
22.
Wacławska, Kamila Angelika.
Political business cycles in public goods expenditures in Poland and Spain.
Degree: 2015, RCAAP
URL: https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/11086
► JEL classifications: H72, D72
In this work the discussion is focused on the empirical test of the presence of opportunistic cycles in municipal budgets of…
(more)
▼ JEL classifications: H72, D72
In this work the discussion is focused on the empirical test of the presence of opportunistic
cycles in municipal budgets of Poland and Spain. In the view of progressive decentralization
of public sector, the research is extended by the examination of fiscal autonomy effect. Panel
data analysis provides an evidence on electoral cycles in the categories of spending
considered in the literature as invisible to the electorate. In particular, local incumbents
seeking re-election signal higher competence through manipulation of spending policies
associated with social support, environmental protection, public safety and administration.
Further research indicates that electoral cycles in Spain are intensified by limited authority of
councillors determined by transfers from the central government. The main findings suggest
that distribution of fiscal power to sub-national governments may mitigate the effects of
political budget cycles.
Neste trabalho a discussão centra-se no teste empírico à presença de ciclos oportunistas nos
orçamentos municipais de Espanha e Polonia. Com base na progressiva descentralização do
sector publico, a investigação estende-se também ao tratamento dos efeitos da autonomia
fiscal. A analise de dados de painel fornece evidencias da existência de ciclos eleitorais nas
categorias de gastos públicos consideradas na literatura como invisíveis ao eleitorado. Em
particular, governos locais que procurem a reeleição apresentam uma maior evidência de
manipulação de politicas de gastos públicos associados atividades como apoio social,
proteção ambiental, segurança publica e administração. A investigação indica ainda que os
ciclos eleitorais em Espanha são intensificados em concelhos com autonomia limitada e
determinada por transferências vindas da administração central. Os principais resultados
sugerem que a transferência de poder para os governos locais pode mitigar os efeitos dos
ciclos políticos nos respetivos orçamentos.
Advisors/Committee Members: Köppl-Turyna, Monika, Kula, Grzegorz.
Subjects/Keywords: Public spending; Political business cycles; Fiscal decentralization; Fiscal autonomy; Gastos públicos; Ciclos políticos; Descentralização fiscal; Autonomia fiscal
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Wacławska, K. A. (2015). Political business cycles in public goods expenditures in Poland and Spain. (Thesis). RCAAP. Retrieved from https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/11086
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Wacławska, Kamila Angelika. “Political business cycles in public goods expenditures in Poland and Spain.” 2015. Thesis, RCAAP. Accessed April 11, 2021.
https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/11086.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Wacławska, Kamila Angelika. “Political business cycles in public goods expenditures in Poland and Spain.” 2015. Web. 11 Apr 2021.
Vancouver:
Wacławska KA. Political business cycles in public goods expenditures in Poland and Spain. [Internet] [Thesis]. RCAAP; 2015. [cited 2021 Apr 11].
Available from: https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/11086.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Wacławska KA. Political business cycles in public goods expenditures in Poland and Spain. [Thesis]. RCAAP; 2015. Available from: https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/11086
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
23.
Balmas, Agata Dobrosława.
Determinants of public spending at the subnational level: a comparison of polish and spanish local governments.
Degree: 2015, RCAAP
URL: https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/11228
► JEL Classification: D72, H72
This study provides a unique comparison between Polish and Spanish local governments with respect to the impact of various political factors…
(more)
▼ JEL Classification: D72, H72
This study provides a unique comparison between Polish and Spanish local governments with respect to the impact of various political factors on the size and composition of public expenditure. In particular, it aims at verifying the existence of political business cycles as well as partisan effects in the analyzed states at the subnational level. Additionally, the role of fiscal autonomy in shaping the spending decisions and its effect on the magnitude of opportunistic behavior of mayors are also investigated. For the purpose of an empirical research, panel data analysis is applied and a set of equations is estimated separately for each of the countries. Apart from examining total expenses, the level of expenditure on public goods perceived as potentially highly visible to the voters is also considered. The results confirm the hypothesis of an increased spending, both in the aggregate terms and in particular categories, during the pre-election periods. Also, in Poland and Spain higher degree of fiscal authority granted to lower tiers of public administration corresponds to a decrease in the size of public sector. Finally, an evidence of an intensified opportunistic behavior of politicians in the light of greater fiscal autonomy is found.
Este estudo apresenta uma comparação única entre os governos locais de Espanha e Polónia no que diz respeito ao impacto dos vários fatores políticos na dimensão e composição da despesa pública. Em particular, o estudo centra-se em verificar a existência de ciclos políticos bem como de efeitos partidários nos países sobre análise, a um nível local. Adicionalmente, o papel da autonomia fiscal enquanto elemento influente nas decisões sobre gastos públicos e no grau de oportunismos dos decisores políticos são também investigados. Para o propósito da analise empírica, é utilizado dados de painel e o grupo de equações é estimado de forma separada para cada um dos países. Para além de analisar a despesa total, o nível de despesa em bens públicos percebido como potencialmente elevado pelos votantes é também considerado. Os resultados confirmam a hipótese de um nível crescente de despesa publica, tanto em termos agregados como em categorias particulares, durante os períodos pré-eleitorais. Também, em Espanha e na Polónia um grau elevado de autonomia fiscal garantida para os nível baixos da administração pública corresponde a um decréscimo do tamanho do sector público. Finalmente, são encontradas evidencias de intensificação do comportamento oportunista de políticos em ambientes de maior autonomia fiscal.
Advisors/Committee Members: Köppl–Turyna, Monika, Kula, Grzegorz.
Subjects/Keywords: Political business cycles; Decentralization; Fiscal autonomy; Public expenditure; Ciclos político-económicos; Descentralização; Autonomia fiscal; Despesa pública
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Balmas, A. D. (2015). Determinants of public spending at the subnational level: a comparison of polish and spanish local governments. (Thesis). RCAAP. Retrieved from https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/11228
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Balmas, Agata Dobrosława. “Determinants of public spending at the subnational level: a comparison of polish and spanish local governments.” 2015. Thesis, RCAAP. Accessed April 11, 2021.
https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/11228.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Balmas, Agata Dobrosława. “Determinants of public spending at the subnational level: a comparison of polish and spanish local governments.” 2015. Web. 11 Apr 2021.
Vancouver:
Balmas AD. Determinants of public spending at the subnational level: a comparison of polish and spanish local governments. [Internet] [Thesis]. RCAAP; 2015. [cited 2021 Apr 11].
Available from: https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/11228.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Balmas AD. Determinants of public spending at the subnational level: a comparison of polish and spanish local governments. [Thesis]. RCAAP; 2015. Available from: https://www.rcaap.pt/detail.jsp?id=oai:repositorio.iscte-iul.pt:10071/11228
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Universidade Nova
24.
Freixa, Carlos Miguel Silva.
Treasury bond returns and U.S. political cycles.
Degree: 2009, Universidade Nova
URL: http://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/9478
► A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business…
(more)
▼ A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
This work-project complements the existing studies on the linkage between financial
investments returns and the political cycles, by relating Treasury bond returns and
Presidential cycles. Previous research shows that stock market tends to behave better
during Democratic presidencies, and in this work it is shown a compatible result, with
long-term Treasury bonds having higher absolute, and excess returns during Republican
Administrations. This difference is not explained by business cycles and there are no
significant differences in risk, as measured by the volatility of returns, between the two
political cycles. Empirical evidence is also found showing that there are better economic
and financial conditions to invest in T-bonds' markets during Republican than during
Democratic Administrations.
Advisors/Committee Members: Matos, João Amaro de.
Subjects/Keywords: Treasury bond returns; Political cycles; Political economy
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APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Freixa, C. M. S. (2009). Treasury bond returns and U.S. political cycles. (Thesis). Universidade Nova. Retrieved from http://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/9478
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Freixa, Carlos Miguel Silva. “Treasury bond returns and U.S. political cycles.” 2009. Thesis, Universidade Nova. Accessed April 11, 2021.
http://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/9478.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Freixa, Carlos Miguel Silva. “Treasury bond returns and U.S. political cycles.” 2009. Web. 11 Apr 2021.
Vancouver:
Freixa CMS. Treasury bond returns and U.S. political cycles. [Internet] [Thesis]. Universidade Nova; 2009. [cited 2021 Apr 11].
Available from: http://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/9478.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Freixa CMS. Treasury bond returns and U.S. political cycles. [Thesis]. Universidade Nova; 2009. Available from: http://www.rcaap.pt/detail.jsp?id=oai:run.unl.pt:10362/9478
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Hong Kong
25.
Man, King-fai.
The effects of political
business cycle in the United States on Hong Kong's property
market.
Degree: 2007, University of Hong Kong
URL: http://hdl.handle.net/10722/50295
Subjects/Keywords: Real
estate investment - China - Hong Kong.;
Business cycles - United States.; Real
estate investment - Political aspects - China - Hong
Kong.; Real
property - China - Hong Kong.
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APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Man, K. (2007). The effects of political
business cycle in the United States on Hong Kong's property
market. (Thesis). University of Hong Kong. Retrieved from http://hdl.handle.net/10722/50295
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Man, King-fai. “The effects of political
business cycle in the United States on Hong Kong's property
market.” 2007. Thesis, University of Hong Kong. Accessed April 11, 2021.
http://hdl.handle.net/10722/50295.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Man, King-fai. “The effects of political
business cycle in the United States on Hong Kong's property
market.” 2007. Web. 11 Apr 2021.
Vancouver:
Man K. The effects of political
business cycle in the United States on Hong Kong's property
market. [Internet] [Thesis]. University of Hong Kong; 2007. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/10722/50295.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Man K. The effects of political
business cycle in the United States on Hong Kong's property
market. [Thesis]. University of Hong Kong; 2007. Available from: http://hdl.handle.net/10722/50295
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Nelson Mandela Metropolitan University
26.
Nyika, Farai.
An empirical analysis of the Austrian business cycle theory with respect to South Africa.
Degree: Faculty of Business and Economic Sciences, 2012, Nelson Mandela Metropolitan University
URL: http://hdl.handle.net/10948/d1020867
► In 2008, the global economy went into recession. Millions of jobs were lost, confidence in the financial markets fell and billions of dollars were lost…
(more)
▼ In 2008, the global economy went into recession. Millions of jobs were lost, confidence in the financial markets fell and billions of dollars were lost by investors. Prior to the onset of the recession, the major economies of the world (USA, and Western Europe) had experienced a period of economic boom and expansion. Austrian Business Cycle Theory proposes that the roots of the current financial crisis and recessions in general, are found the actions of central banks through credit expansion and manipulation of interest rates. Central banks manipulate interest rates causing them to fall below the natural level, leading to credit expansion and malinvestments. Austrian Business Cycle Theory is based in capital theory. Capital theory incorporates the elements of time and money and allows the setting of a microeconomic foundation. The theory recognises that investment is not an aggregate (as do Keynesians and Monetarists). Opposition to empirical testing by Austrian economists has meant that few statistical analyses of Austrian Business Cycle Theory have been carried out. The apprehension toward empirical testing of Austrian Business Cycle Theory stems from some Austrian economists who argue that human behaviour cannot be captured in statistical terms. Recently, some Austrian economists have begun to do empirical research Austrian Business Cycle Theory and the thesis adds to that growing field. The thesis tests empirically for ABCT in South Africa by using Vector Error Correction Model and Granger causality techniques and the results are as follows: The Vector Error Correction Model shows that any disequilibrium adjustment in the structural equations influences correction mostly through changes in Manufacturing. The disequilibrium adjustment process for Investment is also found to have statistical significance. The results propose that Investment in South Africa is not inert. The Granger causality tests show that credit expansion causes interest rates to be artificially lowered leading to mal-investments. The main policy recommendation is that business cycles can be prevented by not manipulating interest rates and by not increasing credit availability.
Subjects/Keywords: Business cycles; Business cycles – Austria – Econometric models; South Africa – Economic conditions
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Nyika, F. (2012). An empirical analysis of the Austrian business cycle theory with respect to South Africa. (Thesis). Nelson Mandela Metropolitan University. Retrieved from http://hdl.handle.net/10948/d1020867
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Nyika, Farai. “An empirical analysis of the Austrian business cycle theory with respect to South Africa.” 2012. Thesis, Nelson Mandela Metropolitan University. Accessed April 11, 2021.
http://hdl.handle.net/10948/d1020867.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Nyika, Farai. “An empirical analysis of the Austrian business cycle theory with respect to South Africa.” 2012. Web. 11 Apr 2021.
Vancouver:
Nyika F. An empirical analysis of the Austrian business cycle theory with respect to South Africa. [Internet] [Thesis]. Nelson Mandela Metropolitan University; 2012. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/10948/d1020867.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Nyika F. An empirical analysis of the Austrian business cycle theory with respect to South Africa. [Thesis]. Nelson Mandela Metropolitan University; 2012. Available from: http://hdl.handle.net/10948/d1020867
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

University of Pretoria
27.
Chetty, Yogeni.
Analysis of
South Africa's use of soft power strategies as a small state within
BRICS.
Degree: MBA, Gordon Institute of Business
Science (GIBS), 2013, University of Pretoria
URL: http://hdl.handle.net/2263/40765
► Small states are challenged with lower levels of influence than larger states and require special strategies to overcome these challenges. Multilateral organisations (“MLOs”) are often…
(more)
▼ Small states are challenged with lower levels of
influence than larger states and require special strategies to
overcome these challenges. Multilateral organisations (“MLOs”) are
often dominated by larger members who have traditionally been
leaders of these organisations. Soft power strategies, through
attraction and co-option, are viable alternatives for small states
to gain influence within MLOs. The aim of this research was to
formulate a typology of soft power strategies and a framework which
small states can use to gain influence within MLOs. A qualitative
and exploratory study was conducted, which involved semi-structured
interviews with six respondents. A multiple case study approach
that analysed four countries within four MLOs was used. The
findings were that the greater the number of soft power sources
possessed by a party, the greater the strength of such party’s soft
power. It was inconclusive that open markets and open communication
is better suited to using soft power. The common interest principle
was found to be a necessary condition for the effective use of soft
power. The overall finding was that soft power strategies are
dependent on the strength of the soft power source and the type of
context within which it is exercised. A framework was formulated
for the use of soft power.
Advisors/Committee Members: Wocke, Albert (advisor).
Subjects/Keywords: UCTD; Business
enterprises – Finance; Economic
development – Political aspects; Political
participation – Developing countries
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Chetty, Y. (2013). Analysis of
South Africa's use of soft power strategies as a small state within
BRICS. (Masters Thesis). University of Pretoria. Retrieved from http://hdl.handle.net/2263/40765
Chicago Manual of Style (16th Edition):
Chetty, Yogeni. “Analysis of
South Africa's use of soft power strategies as a small state within
BRICS.” 2013. Masters Thesis, University of Pretoria. Accessed April 11, 2021.
http://hdl.handle.net/2263/40765.
MLA Handbook (7th Edition):
Chetty, Yogeni. “Analysis of
South Africa's use of soft power strategies as a small state within
BRICS.” 2013. Web. 11 Apr 2021.
Vancouver:
Chetty Y. Analysis of
South Africa's use of soft power strategies as a small state within
BRICS. [Internet] [Masters thesis]. University of Pretoria; 2013. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/2263/40765.
Council of Science Editors:
Chetty Y. Analysis of
South Africa's use of soft power strategies as a small state within
BRICS. [Masters Thesis]. University of Pretoria; 2013. Available from: http://hdl.handle.net/2263/40765

Michigan State University
28.
Hyun, Junghwan.
Credit markets, financial crises, and the macroeconomy.
Degree: 2014, Michigan State University
URL: http://etd.lib.msu.edu/islandora/object/etd:2745
► Thesis Ph. D. Michigan State University. Economics 2014.
This study consists of three chapters, each of which is an individual paper. The first chapter investigates…
(more)
▼ Thesis Ph. D. Michigan State University. Economics 2014.
This study consists of three chapters, each of which is an individual paper. The first chapter investigates how the dynamic process of reallocation of credit across firms behaves before and after financial crises. Applying the methodology proposed by Davis and Haltiwanger (1992) for measuring job reallocation, we construct measures of credit reallocation across Korean firms in the 1981-2012 period. The credit boom preceding the 1997 financialcrisis featured a modest intensity of credit reallocation. By contrast,after the crisis and the associated reforms, credit reallocationsignificantly intensified and started to comove with the business cycle, while credit growth slowed down (deleveraging). The higher dynamism of the credit sector in reallocating liquidity cannot be explained by “flight to quality” episodes but reflectsa structural change in the credit reallocation process that has persisted since the end of the crisis. The intensification of credit reallocation appears to have been associated with enhanced allocative efficiency.The second chapter explores the evolution of credit reallocation across Korean non-financial firms for the period 1981-2012. I employ a dynamic latent factor model that decomposes regional credit reallocation rates into national, region-specific and idiosyncratic components. I find that the common factor explaining common movement across 16 regional credit flows increased after the 1997 financial crisis. The common factor comoves withnational excess reallocation. It is positively and strongly correlated with national excess reallocation, while it is negatively correlated withnational net credit growth. It exhibits mild counter-cyclicality. I examine what extent the volatility of credit reallocation was driven bynational, region-specific and idiosyncratic components. This study uncovers evidence that the national factor accounts for a sizable fraction of regional reallocation rates of total credit and loans, while it plays only a minor role in explaining the fluctuation in regional reallocation rates of bonds.The last chapter explores the relationship between religion and bank performance. The study uses data on credit unions in Korea for the period 2000 to 2007 to investigate the effects of religion on bank performance. The empirical results show that credit unions based on religious institutions not only suffer less from troubled loans but they also enjoy higher profits relative to ordinary ones. I find that the religious credit unions' unique features, such as non random potential clientele, rich soft information and reputational incentive to repay, are likely to be what enables them to outperform.
Description based on online resource;
Advisors/Committee Members: Minetti, Raoul, Zhu, Chun, Araujo, Luis, Yun, Hayong.
Subjects/Keywords: Credit control – Korea (South) – Econometric models; Financial crises – Korea (South); Business cycles – Korea (South); Regional economics – Korea (South) – Econometric models; Credit unions – Korea (South) – Religious aspects – Mathematical models; Business cycles; Credit control – Econometric models; Financial crises; Regional economics – Econometric models; Economics; Banking; Finance
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Hyun, J. (2014). Credit markets, financial crises, and the macroeconomy. (Thesis). Michigan State University. Retrieved from http://etd.lib.msu.edu/islandora/object/etd:2745
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Chicago Manual of Style (16th Edition):
Hyun, Junghwan. “Credit markets, financial crises, and the macroeconomy.” 2014. Thesis, Michigan State University. Accessed April 11, 2021.
http://etd.lib.msu.edu/islandora/object/etd:2745.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
MLA Handbook (7th Edition):
Hyun, Junghwan. “Credit markets, financial crises, and the macroeconomy.” 2014. Web. 11 Apr 2021.
Vancouver:
Hyun J. Credit markets, financial crises, and the macroeconomy. [Internet] [Thesis]. Michigan State University; 2014. [cited 2021 Apr 11].
Available from: http://etd.lib.msu.edu/islandora/object/etd:2745.
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
Council of Science Editors:
Hyun J. Credit markets, financial crises, and the macroeconomy. [Thesis]. Michigan State University; 2014. Available from: http://etd.lib.msu.edu/islandora/object/etd:2745
Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation
29.
Gbolo, Prosper Prosper.
Quantifying nutrient cycling and fate within an abandoned feedlot and adjacent wetlands.
Degree: PhD, Geology, 2014, University of North Dakota
URL: https://commons.und.edu/theses/104
► Feedlot operations over the years have increased revenue and boosted economies of states and countries, but these operations have resulted in elevated concentrations of…
(more)
▼ Feedlot operations over the years have increased revenue and boosted economies of states and countries, but these operations have resulted in elevated concentrations of nutrients in soils, surface water, and groundwater. Feedlot operations generate large quantities of manure and other waste, which when not managed properly can result in environmental problems. It is hypothesized that nitrogen can cause a short-term contamination of soils and groundwater beneath abandoned feedlots, but phosphorus can cause both short- and long term contamination, especially in well-drained carbonate and iron-rich soils associated with Concentrated Animal Feeding Operations. It is also hypothesized that a spectral vegetation index can be used as an effective indicator of plant-available soil nutrients and optimum soil conditions for precise decision-making in fertilizer application. To test these hypotheses, analysis of soils, graminoid tissues, aerial spectral images, surface water, and groundwater samples from a former feedlot in northwest Minnesota were used to quantify the phosphorus budget, characterize nutrients movement and plant vigor, and determine the fate of nutrients. Soil analysis revealed elevated concentrations of sequestered phosphorus at the confined animal holding areas, in contrast to varying concentrations of nitrate in the wetlands. Groundwater analysis indicated a steady decline in nitrate concentration due to denitrification, leaching, and plant uptake, with sequestered phosphorus released in soluble form due to reduction conditions. These nutrients are transported into the wetlands for consumption by plants and microbes. Although there was no relationship observed between spectral vegetation indices and plant tissue nutrients, the indices correlated with soil-available nutrient and soil properties. Modified soil-adjusted vegetation index (MSAVI) was the best index for characterizing plant vigor and soil relationships due to its reduced sensitivity to atmospheric conditions and the changes in vegetative cover as compared to the other indices. The lack of any relationship between plant tissue and the spectral indices suggests that acid digestion approach used in plant tissue nutrient analysis may be problematic due to the volatility of some of the nutrients. This research provides insight into the viability of feedlots abandoned more than a decade as a source of phosphorus to supplement the primary sources of phosphorus used in fertilizer. It is estimated that crops remove approximately 2 to 15 mg kg-1 of phosphorus for growth. Phosphorus concentrations in some areas exceed 50 mg kg-1, which implies no soil phosphorus fertilization is required for plant growth. Agronomists and stakeholders in agriculture and food security should take a holistic approach and conduct feasibility studies on using sequestered phosphorus in abandoned feedlot soils as alternative source of phosphorus fertilizer.
Advisors/Committee Members: P. Gerla.
Subjects/Keywords: Nutrient cycles – Measurement; Feedlots – Environmental aspects; Geology
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Gbolo, P. P. (2014). Quantifying nutrient cycling and fate within an abandoned feedlot and adjacent wetlands. (Doctoral Dissertation). University of North Dakota. Retrieved from https://commons.und.edu/theses/104
Chicago Manual of Style (16th Edition):
Gbolo, Prosper Prosper. “Quantifying nutrient cycling and fate within an abandoned feedlot and adjacent wetlands.” 2014. Doctoral Dissertation, University of North Dakota. Accessed April 11, 2021.
https://commons.und.edu/theses/104.
MLA Handbook (7th Edition):
Gbolo, Prosper Prosper. “Quantifying nutrient cycling and fate within an abandoned feedlot and adjacent wetlands.” 2014. Web. 11 Apr 2021.
Vancouver:
Gbolo PP. Quantifying nutrient cycling and fate within an abandoned feedlot and adjacent wetlands. [Internet] [Doctoral dissertation]. University of North Dakota; 2014. [cited 2021 Apr 11].
Available from: https://commons.und.edu/theses/104.
Council of Science Editors:
Gbolo PP. Quantifying nutrient cycling and fate within an abandoned feedlot and adjacent wetlands. [Doctoral Dissertation]. University of North Dakota; 2014. Available from: https://commons.und.edu/theses/104

Massey University
30.
Smith, Nicola Jane.
Sustainability and the global biogeochemical cycles : integrated modelling of coupled economic and environmental systems.
Degree: PhD, Ecological Economics, 2014, Massey University
URL: http://hdl.handle.net/10179/7910
► The global biogeochemical cycles (GBCs), which include cycles of C, N, P, S, Cl, I, and H2O, are extremely important biosphere functions, critical to the…
(more)
▼ The global biogeochemical cycles (GBCs), which include cycles of C, N, P, S, Cl, I, and H2O, are extremely important biosphere functions, critical to the maintenance of conditions necessary for all life. Importantly, perturbation of these GBCs has the potential to affect the structure and functioning of the Earth system as a whole. While biogeochemistry research to date has largely focused on ‘natural’ processes, human economic activities are increasingly recognised as integral components of the GBCs. This thesis draws on both static and dynamic-system modelling approaches to describe the coupled economic and GBC systems, and to develop tools to assist in learning about these systems, with the aim of progressing towards sustainability. First, by drawing on the theoretical frameworks of Input-Output Analysis and Material Flow Analysis, an extensive and coherent static system model of the global C, N, P and S cycles is presented. Data within that static model are then used to calculate a set of sustainability indicators, based on a new and novel concept of ‘ecotime’. Essentially, these indicators describe the level at which the global economy, through its transformation of useful resources (i.e. raw materials) into residuals (i.e. wastes, pollutants, emission), appropriates biogeochemical processes. Changes in these and other indicators, under possible future scenarios, are also able to be investigated by a new dynamic model known as ‘Ecocycle’. Ecocycle constitutes one of very few attempts to develop an integrated model of the Earth system, explicitly capturing relationships between the GBCs and human activities. A notable feature of Ecocycle is that it represents the general equilibrium-seeking behaviour of an economy within a System Dynamics modelling approach, rather than through an optimisation approach as typically employed. A further significant methodological contribution of the thesis is the development of a technique for translating IO-based accounts between alternative process-by-commodity, commodity-by-commodity, and process-by-process frameworks. This method is required for both the static and dynamic components of the thesis.
Subjects/Keywords: Biogeochemical cycles;
Sustainable development;
Economic aspects
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❌
APA ·
Chicago ·
MLA ·
Vancouver ·
CSE |
Export
to Zotero / EndNote / Reference
Manager
APA (6th Edition):
Smith, N. J. (2014). Sustainability and the global biogeochemical cycles : integrated modelling of coupled economic and environmental systems. (Doctoral Dissertation). Massey University. Retrieved from http://hdl.handle.net/10179/7910
Chicago Manual of Style (16th Edition):
Smith, Nicola Jane. “Sustainability and the global biogeochemical cycles : integrated modelling of coupled economic and environmental systems.” 2014. Doctoral Dissertation, Massey University. Accessed April 11, 2021.
http://hdl.handle.net/10179/7910.
MLA Handbook (7th Edition):
Smith, Nicola Jane. “Sustainability and the global biogeochemical cycles : integrated modelling of coupled economic and environmental systems.” 2014. Web. 11 Apr 2021.
Vancouver:
Smith NJ. Sustainability and the global biogeochemical cycles : integrated modelling of coupled economic and environmental systems. [Internet] [Doctoral dissertation]. Massey University; 2014. [cited 2021 Apr 11].
Available from: http://hdl.handle.net/10179/7910.
Council of Science Editors:
Smith NJ. Sustainability and the global biogeochemical cycles : integrated modelling of coupled economic and environmental systems. [Doctoral Dissertation]. Massey University; 2014. Available from: http://hdl.handle.net/10179/7910
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