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ItemPanel Data Analysis Of The American Recovery And Reinvestment Act(Georgia Institute of Technology, 2016-07-18) Sullere, ShivangThe proposed study seeks to evaluate the merits of the American Recovery and Reinvestment Act of 2009 (commonly referred to as the “stimulus”) against its trifold objectives of: (a) creation of new jobs and protection of existing ones; (b) promotion of economic activity and sustainment of long-term growth; and (c) implementation of accountability and transparency in government spending. In a previous cross sectional analysis conducted by the authors, the stimulus provided by the government was found to have no effect on the housing prices. Therefore, the utility of the Act is questionable. In the current study, we look at one of the three modes in which the Act attempted to achieve its objectives and analyze it in depth. The analysis uses a 8-year panel data set across all 50 states in the United States. Results obtained from this analysis are expected to increase the efficacy of the implementable policy measures to ensure that the objectives and the results of the policy conform in similar future situations.
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ItemConflict and its impact on education accumulation and enrollment in Colombia: what we can learn from recent IDPS(Georgia Institute of Technology, 2012-05-07) Wharton, KateForty years of low-intensity internal armed conflict makes Colombia home to over 3 million Internally Displaced Persons (IDPs), the world's largest population. The effect of violence on a child's education is of particular concern because of the critical role that education plays in increasing human capital and productivity. This paper explores the education accumulation and enrollment gaps created by being directly affected by conflict. First, we show that children living in high-conflict municipalities have only small gaps in education accumulation and enrollment in comparison to those living in low-conflict municipalities. These gaps grow when we compare those directly affected by conflict (IDPs) to non-migrants. Even when we compare IDPs to other migrant groups, the education gap persists. Our results suggest significant education accumulation and enrollment gaps for children of IDPs that widen to over half a year in secondary school. The difference that emerges we focus on direct exposure to conflict versus simply living in a high-conflict municipality suggests a need to distinguish between general and targeted violence when estimating the impact of conflict on education outcomes.
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ItemInnovation Network in Green Energy: Evidence from Brazil(Georgia Institute of Technology, 2010-08) Cazares, Lorena E.Green energy innovation and investment around the world is picking up as nations diversify their energy sources to reduce dependency while remaining environmentally conscious. My work characterizes the Brazilian green energy market in terms of players, frequency of investment in research and thereby advances made for wind, solar and wave energy. Surveying the data publicly available shows that although efforts have been made to spur investment in renewables with programs such as the Program of Incentives for Alternative Energy Sources (PROINFA), not enough has been done to reduce the heavy reliance on hydropower and biomass through innovation. Universities and companies are not collaborating together enough to perfect alternative sources of energy for the country, despite the growth in energy demand. The Brazilian government needs to work with the private sector and universities to catalyze further diversification in energy sources, thereby necessitating deeper research. It needs to reduce costs in constructing wind farms, solar panels and devices that capture wave energy, reduce macroeconomic instability, provide easier access to information on financial incentives and establish more financial programs to stimulate greater partnerships between research institutes like universities and the private sector. Otherwise, significant challenges remain ahead as domestic energy demand increases in a strongly nationalistic nation reluctant to depend on foreign energy sources.
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ItemDifferentiating the Effects of the Subprime Mortgage Boom and Bust on Naturalized Immigrants, Non-naturalized Immigrants and Native Citizens in the United States(Georgia Institute of Technology, 2010-05-12) Sirow, GabrielleIn this paper we explore the effects of the subprime mortgage boom from 2001 to 2005 and the subprime mortgage bust from 2005 to 2008 on the probability of homeownership of naturalized immigrant, non-naturalized immigrant and native US citizen households. Consistent with our predictions, we find that from 2001 to 2005 naturalized and non-naturalized immigrant households increased their probability of homeownership relative to natives by 3.8% and 5.3%, respectively. Then from 2005 to 2008 naturalized and non-naturalized immigrant households decreased their probability of homeownership relative to natives by 1.3% and 1.5%, respectively. Additionally, we find that continent of birth and whether the head of household is self-employed are important predictors of homeownership for immigrants.