Thesis (Ph. D.)--University of Missouri-Columbia, 2001. / Typescript. Vita. Includes bibliographical references (leaves 80-85). Also available on the Internet.

Zugl.: Münster (Westfalen), Univ., Diss., 2008

Leipzig, Handelshochsch., Thesis (doctoral), 2000.

Thesis (Ph. D.)--University of Missouri-Columbia, 2001. / Typescript. Vita. Includes bibliographical references (leaves 80-85). Also available on the Internet.

The importance of education for individual well-being, social cohesion and economic growth is widely accepted by researchers and policymakers alike. Yet there exist vast numbers of people around the world, largely poor, who continue to lag behind wealthier people, often within their own nations. Conditional cash transfer programs were created to encourage investments in education and health by subsidizing their cost and changing household preferences. The programs increase short-term income as well as future wage potential, thus decreasing short-term and long-term poverty, as well as the poverty that is passed from generation to generation. Begun in Mexico and Brazil, the conditional cash transfer model is being replicated in many countries, but its replicability across socioeconomic and political contexts is far from clear. The present study adds to the research on conditional cash transfer programs through a comparative quantitative analysis of the effects of two programs on key educational outcomes in Nicaragua and Colombia. Using secondary panel data for the Nicaraguan Red de Proteccion Social and the Colombian Familias en Accion programs, a model reflecting demand constraints to education is used to determine the relative impacts of individual and household characteristics in the schooling decision, as well as to measure program impact in some of the most impoverished communities in the two countries. The empirical analysis is situated within a description of the historical, political and demographic contexts into which the programs were introduced. The results indicate that both programs increased enrollment and attendance, with lesser but still positive effects on retention. These effects were stronger for boys in Colombia, as was the importance of schooling expectations in determining enrollment. The study suggests that conditional cash transfer programs should be effective in other settings in which low educational attainment is caused largely by a lack of household resources. / text

Kyoto University (京都大学) / 0048 / 新制・課程博士 / 博士(農学) / 甲第19044号 / 農博第2122号 / 新制||農||1032 / 31995 / 京都大学大学院農学研究科地域環境科学専攻 / (主査)教授 縄田 栄治, 教授 舟川 晋也, 教授 白岩 立彦 / 学位規則第4条第1項該当

This thesis consists of two parts: the first examines the Expectations Hypothesis of the Term Structure for New Zealand, and the latter examines the predictive power of the term spread on future economic activity in New Zealand. For both parts, I divide the sample period into two sub-sample periods – the pre-OCR period and the OCR period. Using Mankiw & Miron’s (1986) approach for testing the expectations hypothesis, the findings in this paper suggest that the theory is consistent with New Zealand data during the OCR period. I attribute the success of the theory to the introduction of the Official Cash Rate system in March 1999. The change from targeting the settlement cash balance to targeting an interest rate variable has substantially improved the predictability of short-term interest rates. In regards to the predictive power of the spread, the findings in this paper support the conventional view that the spread is positively related to future economic activity. Using Hamilton & Kim’s (2002) approach, I decomposed the term spread into an expectation component and a term premium in an attempt to find out whether these two variables have distinctly separate effect on future economic activity. My findings are in contrast to that reported by Hamilton & Kim. In particular, I find that the term premium in some cases is significant and negatively related to future economic activity in New Zealand. I attribute the negative relationship to lower long-term interest rates and a fallen term premium in New Zealand.

This thesis is an empirical and theoretical analysis of the impact of financing constraints on firm-level investment behaviour. Its primary objectives are to model this impact, and to test the restrictions these models place on the data. Chapter 1 contains a discussion of these themes, and provides an overview of the thesis. Chapter 2 addresses the empirical question of whether innovative firms are financially constrained. To answer this question, several structural investment equations are tested, and the sensitivity of physical investment expenditures to internal finance is compared across innovative and non-innovative firms. The investment expenditures of innovative firms are found to be more sensitive to cash flow than those of non-innovative firms. These results support the hypothesis that innovative firms are financially constrained. The third chapter builds a theoretical model to explain a widely reported fact in the inventory literature, which is that the variance of production exceeds the variance of sales. This fact contradicts a prediction of the standard Linear-Quadratic model of inventory investment, and for this reason is often referred to as the "excess variance of production" puzzle. In this chapter, a model of inventory investment is built. It is shown that when financing constraints are imposed on the model, it can explain the excess variance of production puzzle. In the absence of these constraints, the model does not deliver this result. The fourth chapter returns to the theme of identifying financially constrained firms. A weakness of existing tests of financing constraints is that they are not both direct and structural. This chapter addresses that criticism by constructing a model of investment from which is derived a simple and direct, structural test of the null hypothesis that a group of firms is financially constrained. The test is implemented on a panel of U.S. manufacturing firms. The results support the findings of existing tests.

Thesis (M App Sci (Project Management)) --University of South Australia, 1992

Thesis (MAppSc in Project Management)--University of South Australia, 1996