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Essays in international economics and development

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays in international economics and development
Author:	Bluedorn, John Christopher.
Description:	145 p.
Notes:	Chair: David Romer.
Notes:	Source: Dissertation Abstracts International, Volume: 65-02, Section: A, page: 0613.
Contained By:	Dissertation Abstracts International65-02A.
Subject:	Economics, General.
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3121402
ISBN:	0496687530

Essays in international economics and development
Bluedorn, John Christopher.

Essays in international economics and development [electronic resource] - 145 p.

Chair: David Romer.

Thesis (Ph.D.)--University of California, Berkeley, 2003.

Chapter 2, co-authored with Elizabeth Cascio, extends the investigation to consider the effect of a hurricane on individual human capital accumulation. Employing 1980 U.S. Census data for Puerto Rico, they are able to estimate the effect of Hurricane Betsy in 1956 on mean educational attainment by cohort. We find a significant decline of 0.6 years of schooling relative to trend for the cohort aged 15 in 1956, a cohort identified by enrollment rates as likely consisting of "marginal" students. Hurricane Betsy may therefore produce a long-run effect on the human capital stock.

ISBN: 0496687530Subjects--Topical Terms:

212429
Economics, General.

Essays in international economics and development
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245 1 0 $a Essays in international economics and development $h [electronic resource]
300 $a 145 p.
500 $a Chair: David Romer.
500 $a Source: Dissertation Abstracts International, Volume: 65-02, Section: A, page: 0613.
502 $a Thesis (Ph.D.)--University of California, Berkeley, 2003.
520 # $a Chapter 2, co-authored with Elizabeth Cascio, extends the investigation to consider the effect of a hurricane on individual human capital accumulation. Employing 1980 U.S. Census data for Puerto Rico, they are able to estimate the effect of Hurricane Betsy in 1956 on mean educational attainment by cohort. We find a significant decline of 0.6 years of schooling relative to trend for the cohort aged 15 in 1956, a cohort identified by enrollment rates as likely consisting of "marginal" students. Hurricane Betsy may therefore produce a long-run effect on the human capital stock.
520 # $a Convincing exogeneity conditions are critical in making proper causal inferences from economic data, as much economic data are purely observational. The essays of this dissertation address this central issue at both the macroeconomic and micro-economic levels. In the first two chapters, hurricanes in the Caribbean are used to identify exogenous physical capital shocks, whose effects on current account movements, physical capital accumulation, and human capital accumulation are estimated. In the last chapter, an argument for cautiously approaching work on the relationship of political institutions and ethnic diversity is presented, as typically exogeneity arguments for political institutions are lacking.
520 # $a Finally, in Chapter 3, I present further empirical evidence suggestive of democracy's positive role in ameliorating the negative growth effects of ethnic diversity in nations. However, it is shown that endogeneity problems and a direct negative growth effect of democracy place inherent limitations on the strength of policy implications.
520 # $a In Chapter 1, hurricanes in the Caribbean and Central America are employed as a natural experiment to test the intertemporal approach to the current account. Focusing on the small, open economies of the Caribbean and Central America, I estimate a fixed effects panel model to capture the response of these economies to strong, capital-destroying hurricanes. The results generally confirm the predicted intertemporal response. With a storm shock that results in a 6 percentage point decline in real output growth, the current account is estimated to move towards deficit by approximately 9 percent of GDP. This is later reversed by a move toward surplus of between 5--6 percent of GDP three to four years after a storm.
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791 $a Ph.D.
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