This paper investigates the dynamics of economic development in Nepal in the context of foreign aid, institutional change, and political instability. A brief historical account of the recent revolutions is provided to highlight the institutional background of the empirical analysis. Taking into account the time series properties of the variables of interest, the econometric analysis demonstrates that contrary to the results of some recent cross-section studies, foreign aid does contribute positively to economic development in Nepal. On the other hand, the estimation results reveal that "human capital" accumulation and political unrest have had little long term effect on per capita income.
A balanced panel (61 Football Championship Subdivision (FCS) football teams over 38 years) is used to estimate four regression models using time series and panel methods and identify variables that drive per‐game season attendance. Variables are either stationary or co‐integrated. Most coefficients are consistent across models: season win percentage, lifetime win percentage, undergraduate enrollment, and real gas price per mile driven were positive while real state per capita income exerted a negative impact. Unexpectedly, FCS games are inferior goods and greater travel costs raise attendance. Other coefficients displayed inconsistent results: playoff appearances in the last 10 years, county population, and state unemployment rate.
Latin America has experienced a considerable decline in fertility over the past decades. The total fertility rate at region level was 4.57 in 1975 and fell to 2.29 in 2012. In this study, we examine effect of cohort size on fertility rate to test the applicability of the Easterlin hypotheses. According to the Easterlin hypotheses the income of young adults relative to the income of their parents is an important determinant of fertility. A major factor influencing relative income is relative cohort size. Persons born in large cohorts face greater difficulty in finding employment than persons born in small cohorts due to increased competition and consequently earn less, and, as a result have fewer children. We introduce relative cohort size into panel data models with the total fertility rate being estimated as a function of cohort size, the labor force participation rate of women, the infant mortality rate, the lagged total fertility rate, and the percent of the population that is urban. The results suggest that the Easterlin hypothesis holds in this region but the effect is weak. On the other hand, advanced medical technology hence decrease in infant mortality rate strongly affect fertility.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.