1,301 research outputs found

    Examining the Pre-High School Roots of the Black and Latino Male Dropout Crisis in New York City

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    This report examines how the achievement levels of Black and Latino males vary across New York City neighborhoods and work to identify the neighborhoods where the needs of the two populations are most critical. Differences in characteristics of the middle schools and students in the low- and high-performing Community School Districts (CSDs) are examined to better understand the continually low performance of a large portion of Black and Latino males in New York City

    Wealth, financial intermediation and growth

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    This paper presents empirical support for the existence of wealth effects in the contribution of financial intermediation to economic growth, and offers a theoretical explanation for these effects. Using GMM dynamic panel data techniques applied to study the growth-promoting effects of financial intermediation, we show that the exogenous contribution of financial development on economic growth has different effects for different levels of income per capita. We find that this contribution is generally increasing with the level of income per capita of the economy, up to a relatively high level of income. This contribution is consistently lower for poor countries; and for some low levels of income per capita it can be negative. We provide a model to account for these wealth effects. The model is a overlapping generations growth model where financial intermediaries implement liquidity risk sharing among depositors. We show that at early stages of economic development, a bank can increase welfare of its depositors only at the cost of lowering investment and growth. However, once the economy has crossed certain wealth threshold, the liquidity role of banks becomes unambiguously growth enhancing. As wealth increases, banks offer improving liquidity insurance, and higher growth; however, for high levels of wealth, growth generated by financial intermediation declines as the economy attains the optimal level of consumption risk sharing.Financial development, economic growth, OLG growth models, liquidity, financial intermediation

    Banks, liquidity crises and economic growth

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    How do the liquidity functions of banks affect investment and growth at different stages of economic development? How do financial fragility and the costs of banking crises evolve with the level of wealth of countries? We analyze these issues using an overlapping generations growth model where agents, who experience idiosyncratic liquidity shocks, can invest in a liquid storage technology or in a partially illiquid Cobb Douglas technology. By pooling liquidity risk, banks play a growth enhancing role in reducing inefficient liquidation of long term projects, but they may face liquidity crises associated with severe output losses. We show that middle income economies may find optimal to be exposed to liquidity crises, while poor and rich economies have more incentives to develop a fully covered banking system. Therefore, middle income economies could experience banking crises in the process of their development and, as they get richer, they eventually converge to a financially safe long run steady state. Finally, the model replicates the empirical fact of higher costs of banking crises for middle income economies. –OLG growth models, liquidity, financial intermediation, financial fragility, banking crises

    Banks, Liquidity Crises and Economic Growth

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    How do the liquidity functions of banks affect investment and growth at different stages of economic development? How do financial fragility and the costs of banking crises evolve with the level of wealth of countries? We analyze these issues using an overlapping generations growth model where agents can invest in a liquid storage technology or in a partially illiquid Cobb Douglas technology. By pooling liquidity risk, banks play a growth enhancing role in reducing inefficient liquidation of long term projects, but they may face liquidity crises associated with severe output losses. Middle income economies may find optimal to be exposed to liquidity crises, while poor and rich economies have more incentives to develop a fully covered banking system. Therefore, middle income economies could experience banking crises in the process of their development and, as they get richer, eventually converge to a financially safe long run steady state. The model also replicates the empirical fact of higher costs of banking crises for middle income economies. Finally, using GMM dynamic panel data techniques for a sample of 83 countries we show that growth implications of the model are consistent with the empirical facts.OLG growth models, liquidity, financial intermediation, financial fragility, banking crises

    Six Word Stories through Spain and Morocco

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    Pola Isabelle Bonete, Astrid Gaytan, and Jessica Cannon discuss student engagement at Linfield College with regard to intercultural competence and cultural sensitivity gained through their January Term 2019 course in Spain and Morocco.https://digitalcommons.linfield.edu/inauguration2019_students/1001/thumbnail.jp

    Reseña de "Gobiernos locales trabajando: un recorrido a través de programas municipales que funcionan" de Enrique Cabrero Mendoza (coord.)

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    Desde hace algunos años, con el propósito de promover y facilitar el proceso de aprendizaje en tre gobiernos lo cales, se han puesto en marcha en diferentes países programas de premiación o reconocimiento a prácticas exitosas. En Estados Unidos de Norteamérica existe una amplia gama de premios, en tre los que destaca el programa In no va tions in Amer i can Gov ern ment administrado por el John F. Ken nedy School of Gov ern ment de la Universidad de Har vard, el cual se inició en 1986 y hasta la fecha ha galardonado más de cien iniciativas de gestión pública innovadoras en temas tan diversos como salud, justicia y bienestar so cial. En Filipinas, desde 1992, se realiza el Galing Pook Awards - In no va tion and Ex cel lence in Lo cal Governance

    Los Comités Ciudadanos de Control y Vigilancia del Estado de México

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    La insuficiencia de los mecanismos tradicionales de rendición de cuentas ha dado lugar a que se desarrollen diversos esquemas para asegurar que la sociedad intervenga de forma eficiente y directa en el con trol de las actividades del gobierno: Comités de Vigilancia en Bolivia, Veedurías Ciudadanas en Colombia o Contraloría Social en México, entre otros. El éxito de esos programas usualmente se refiere al número de órganos creados. Sin embargo, el presente documento tiene como objetivo establecer, desde una perspectiva cualitativa, las características principales del modelo de contraloría so cial aplicado en el Estado de México. Los puntos centrales del análisis son: quiénes participan, cómo lo hacen, qué medios se utilizan para el ejercicio del con trol so cial y dónde se aplica.La insuficiencia de los mecanismos tradicionales de rendición de cuentas ha dado lugar a que se desarrollen diversos esquemas para asegurar que la sociedad intervenga de forma eficiente y directa en el control de las actividades del gobierno: Comités de Vigilancia en Bolivia, Veedurías Ciudadanas en Co lom bia o Contraloría So cial en México, en tre otros. El éxito de esos programas usualmente se refiere al número de órganos creados. Sin em bargo, el presente documento tiene como objetivo establecer, desde una perspectiva cualitativa, las características principales del modelo de contraloría so cial aplicado en el Estado de México. Los puntos centrales del análisis son: quiénes participan, cómo lo hacen, qué medios se utilizan para el ejercicio del con trol so cial y dónde se aplic

    Reseña de "Gestión Local Creativa: Experiencias Innovadoras en México" de Rodolfo García del Castillo (coord.)

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    El Benchmarking se fundamenta sobre ideas bastante antiguas o incluso instintivas de la conducta humana, como son el aprender de los demás, imitar los ejemplos exitosos, mejorar y adaptar continuamente la manera de hacer las cosas. Este tipo de comportamiento se ha aplicado históricamente en el mundo de los negocios, con distintos grados de intensidad. No obstante, el origen del concepto de Benchmarking, tal como actualmente se conoce, es de fecha más bien reciente. Las primeras experiencias estructuradas de esta técnica fueron desarrolladas en Estados Unidos de Norteamérica por la Corporación Xerox a comienzos de la década de los 80, principalmente para identificar las diferencias en los estándares de desempeño mostrados por la compañía y por sus competidores en aspectos clave como: costo de producción, tiempo de los ciclos, costos de operación, rendimiento y características de los productos (Armijo, 2001

    The Palsgraf Duty Debate Resolved: Rodriguez v. Del Sol Moves to a Foreseeability Free Duty Analysis

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    We Are Gullah: A Community Approach To Preserving Gullah Geechee Historical Sites of Significance

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    The National Register of Historic Places is an inventory established by the National Historic Preservation Act of 1966 that identifies architectural and archaeological sites significant to American history. The National Register was created to encourage the documentation, evaluation, and protection of America’s historic resources. Over 96,000 historic properties, sites, and structures are currently listed on the National Register. Despite the number of historic places listed on the National Register there is still an overwhelmingly low number of sites listed on the National Register relating to underrepresented communities. This thesis assessed the definition of significance laid out in the National Register nomination for and process of eligibility to the ways historic Gullah Geechee communities define significance. An assessment of 805 sites listed significant by the stakeholders of the Gullah Geechee Cultural Heritage Corridor Management Plan compared how historic Gullah Geechee sites are defined significant by their respected communities. Out of the 805 sites listed as significant, only 92 sites are listed on the National Register. This thesis also compares the way the National Register defines significance versus how Gullah Geechee communities define significance. Applications of previously submitted Gullah Geechee sites have favored becoming listed on to the National Register relating to Criteria C, which correlated to being connected to high architecture also known as “Big House” or plantation homes. This thesis explains how the need for a broader definition of significance should be formulated by the National Register to become more inclusive when addressing historic Gullah Geechee sites of significance
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