Addressing the Low Returns to Education of African Born Immigrants in the United States

This paper uses 2000 Census 5 percent Public Use Microdata Sample to investigate the relative earning pattern of immigrants from African countries, and explores the relevance of existing explanations of the low returns to education. The study uses the Extreme Bound Analysis to check the robustness of the variables of interests. The empirical findings from the conventional earnings regression conform to the theoretical expectations. However, not all the variables of interests are robust in Extreme Bound Analysis. This suggests that conventional specifications may not encompass all necessary information. Future study may explicitly controls for more detailed country-specific characteristics of the immigrant-sending countries

Do Neighbors of Host Countries Matter to Aggregate US FDI Outflows?

Modeling spatial interaction among contiguous host countries receiving foreign di- rect investment from the same source country is usually conceived as reflection of market seeking behaviors or cost saving strategies of firms executing location arbitrage. This paper approaches the contiguity in aggregate data from the same source country as an incentive driven process where stocks attract new flows in the neigh- borhood of the stock location. We examine the influence of geographic neighbors on new flows of FDI from the United States in 3 different clusters in the world. The results show that host country's neighbors matter to new flows of FDI, however, they also indicate that, across clusters, cross countries spillovers are associated with non- manufacturing FDI (investments in services) but not with manufacturing FDI.Foreign direct investment, Spillovers, Spatial autocorrelation

Pattern of Interdependence of Aggregate FDI from the Same Source Country

This paper explores the possibility that monitoring resources explain the clustering in space of aggregate FDI from the same source country. Theoretically, the paper shows that independently of any institutional incentive setting, costly monitoring incites headquarters to locate new plants where monitoring resources are relatively cheap. Clustering of rms from the same source country is therefore interpreted as information sourcing. Empirical application finds that the importance of geographic neighbors to the location choice of US non-manufacturing FDI in Europe conform to the advanced hypothesis.Foreign direct investment, Spillovers, geographic agglomeration

US FDI flows to ASEAN-5: Do Geographic Neighbors Matter?

This paper investigates the possibility of interdependence between flows of US FDI to the ASEAN region. The study incorporates information asymmetry into an FDI model to examine the influence of geographic neighbors on new flows of FDI from the United States. Spillovers are modeled using the cost structure of a multinational investing in a region where US firms are already present. The results show that there are negative spillovers of US FDI in the ASEAN region affecting mostly the non-manufacturing sector.Foreign Direct Investment, Spillovers, ASEAN

Hysteresis In Unemployment: Panel Unit Roots Tests Using State Level Data

Most studies that use classical unit-root tests in OECD countries support the unemployment hysteresis hypothesis. However, similar classical tests performed on US data yield mixed results, uncovering specification issues. This study uses a number of panel unit root tests, which are known to overcome specification problems, to check the existence of hysteresis in unemployment data from three Massachusetts regions. The empirical results strongly reject a unit root in the unemployment rates, refuting the unemployment hysteresis hypothesis

Remittances and the Dutch disease in Sub-Saharan Africa. A Dynamic Panel Approach

This paper investigates the effect of remittance inflows on the real exchange rate in Sub-Saharan Africa (SSA) using annual data from 1980 to 2008 for 34 SSA countries, generalised method of moments by Arellano and Bover (1995) andfeasible generalised least squares by Parks (1967) and Kmenta (1971, 1986). We find that when cross-sectional dependence and individual effects are controlled for, remittances to SSA as a whole appreciate the underlying real exchange rate ofrecipient countries. However the Dutch-disease effect is not experienced via the loss of export competitiveness, because the exchange rate appreciation is mitigated by monetary policy positioning and overdependence on imports due to low levels of domestic production in these countries. We also find reverse causality between remittances and the real exchange rate.Dutch disease, remittances, real exchange rate, Sub-Saharan Africa

US FDI flows to ASEAN-5: Do Geographic Neighbors Matter?

This paper investigates the possibility of interdependence between flows of US FDI to the ASEAN region. The study incorporates information asymmetry into an FDI model to examine the influence of geographic neighbors on new flows of FDI from the United States. Spillovers are modeled using the cost structure of a multinational investing in a region where US firms are already present. The results show that there are negative spillovers of US FDI in the ASEAN region affecting mostly the non-manufacturing sector

Nonlinear approaches in testing PPP : evidence from Southern African Development Community

In this paper two nonlinearity tests are employed: the nonparametric test developed by Brock, Dechert and Scheinkman - known as the BDS test and the Fourier stationarity test. The BDS non-linearity test detects whether the independent and identically distribute (iid) assumption of the time series used in the analysis holds true or not while the Fourier approximation mimics a wide variety of breaks and other types of nonlinearities. Both tests confirm the non-linear nature of real exchange series in SADC. The result from the Fourier stationary test further provides strong evidence of an OCA among the 11 SADC countries included in this study.Economic Research Southern Africa (ERSA).http://www.elsevier.com/locate/ecmod2017-08-31hb2016Economic

Pattern of interdependence of aggregate FDI from the same source country

This paper explores the possibility that monitoring resources explain the clustering in space of aggregate FDI from the same source country. Theoretically, the paper shows that independently of any institutional incentive setting, costly monitoring incites headquarters to locate new plants where monitoring resources are relatively cheap. Clustering of firms from the same source country is therefore interpreted as information sourcing. Empirical application finds that the importance of geographic neighbors to the location choice of US non-manufacturing FDI in Europe conform to the advanced hypothesis

Advising Students on Career Preparation in Newly Comprehensive Schools

Liberal arts schools transitioning to comprehensive colleges often face growing requests from students and parents to get career outcomes (from relatively expensive educations with ballooning school loans) clearly articulated to them as early as when they initially shop for schools. This becomes an issue for faculty members because specialized career preparation and job placement often fall beyond the traditional role of career services in a liberal arts environment. Departments sometimes adjust to students\u27 and parents\u27 requests for better education outcomes by articulating a simplified degree completion framework, or by considering inclusion of career preparation, internships and co-ops to their programs. This presentation will explore the possibilities and challenges of adapting student advising to better address the career-preparation needs of business students as an example of attempts to deal with this growing educational challenge