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The purpose of my sabbatical leave was to enable me to engage in writing a manuscript on Exchange Rate management in Advanced Transition Economics. This project involved gathering, analyzing, and preparing for publishing the new empirical evidence on behavior of exchange rates in several economies of East and Central Europe. The analysis intended to contribute to a theoretical and empirical literature on the importance of foreign exchange markets and exchange rate management in promoting a country's internal and external balance.

Essentials of Money, Banking and Financial Institutions builds on the essential concepts of money and banking and applies them in the context of developing countries. Frequent comparisons between developed and developing countries are made to enable students to make proper inferences about the efficacy of certain concepts.

This project involved gathering, analyzing, and preparing for publication the new empirical evidence on the working of capital markets in several economies of East and Central Europe, additionally providing material to enrich the curriculum in economics and finance. It also provided material for a conference presentation.

National Task Force on Economic Education (U.S.). Economic education in the schools.

The Chinese urban–rural binary health insurance structure has contributed to a significant urban–rural segmentation and regional fragmentation, which will affect labor mobilization and urbanization. The purpose of this research is to study whether and how urban–rural binary health insurance impacts the intentions of migrant workers to switch between rural and urban hukou. Pooled data were drawn from China Migrants Dynamic Survey, collected by the National Health Commission of China. The study applied the instrument variable model due to the existence of the endogeneity; and the IVprobit model to conduct the empirical analysis. Our findings are as follows: (1) the urban–rural binary health insurance affects migrant workers’ intentions to switch to urban hukou significantly. (2) The negative impact of originally rural health insurance on migrant workers’ intention of switching to urban hukou is relatively large for low-education-level migrant workers. (3) Compared with new generation of migrant workers, old migrant workers have higher health insurance dependency levels. Finally, our research suggested several policy implications, such as accelerating the establishment of a unified urban–rural health insurance system, increasing the urban health insurance participation rate of migrant workers in their working cities, and including migrant workers in the scope of equal access to urban public services, etc. All the policy suggestions are essential in order to accelerate the citizenization of migrant workers, improve the quality of urbanization, and promote the construction of a unified national labor market.

We show that overconfident individuals are likely to be arrested for public intoxication by using arrest records from a university town police log. This relationship is robust to various control variables such as risk aversion, time discounting, present bias, self-control, selfishness, loss aversion, and socializing with peers arrested for public intoxication. However, this relationship is no longer significant using only self-reported arrest data. We hypothesize that overconfident individuals are likely to underreport their arrests. This result has important implications for the use of self-reported data on public intoxication arrests rather than actual arrest records.

Selecting the appropriate, reasonable, and affordable health insurance plan becomes a very important question to solve for both employers and employees. Our research tries to locate the factors determining private sector health insurance plan enrolment decision, and also provides a guideline to both private companies and employees on health insurance plan selection strategies. By using Kaiser Family Foundation Annual Employer Health Benefits Survey (KFF EHBS) data, we apply random decision forest machine learning methodology to study the determinants of employees' health insurance selection, as well as to compare the prediction accuracy among different methodologies. The results indicate: 1) the employees at large firms and the firms with higher eligible rate would tend to choose PPO plan; 2) employees who need family coverage would have different choices comparing employees who seek for single coverage only; 3) employer's contribution and annual total contribution to the health insurance plan are the most important determinants on employees' insurance selection. The conclusion also can provide some suggestions to insurance companies on health insurance package design for different types of employers and employees.

This paper compares two approaches to the estimation of costs in dental care programs: a conventional approach and an approach based on theoretical expectations. The conventional approach typically uses a linear extrapolation of an average figure - e.g., cost per visit - over various program sizes and thus predicts constant costs. Constant costs are, however, theoretically implausible, and it should be anticipated that their use in program planning or analysis would generate biased estimates. This hypothesis is examined using annual costs and visits from a group of uniform clinics over a five-year period. Results show that costs calculated by the conventional method are underestimated at low volumes and increasingly overestimated at higher volumes. The findings, which illustrate how inefficiency can inadvertently be incorporated into program design, have implications for cost-effectiveness of dental care delivery in the public sector. © 1985, SAGE Publications. All rights reserved.

The behaviour of the Sterling/European Currency Unit (ECU) exchange rate is examined both during the time before Britain joined the European exchange rate mechanism (ERM) and during the time of Britain's membership. During the latter period, a GARCH (1, 1) model fits the data well but during the pre-ERM period there is evidence of significant non-linear - possibly chaotic - structure in the GARCH residuals. Analysis of the dominant Lyapunov exponents and correlation dimension for the pre-ERM period suggests that the data generation process may be chaotic and this is reinforced by the highly significant BDS statistics obtained for this sample period. © 1997, Taylor & Francis Group, LLC.

A data management system has been developed for the Connecticut State University (CSU) Lidar Collaboratory to facilitate user authentication, scheduling of remote lidar instrumentation control sessions, storage and retrieval of lidar datasets and generation of new data products. In addition to providing for efficient archival and retrieval of lidar data products, a major design goal of the data management system is to support collaborative, multidisciplinary, atmospheric sciences research projects. In this paper, we describe the framework of the CSU Lidar Collaboratory data management system and how the system interacts with the data acquisition and data analysis software.

We find that routine-biased technological change decreases the employment-to-population ratio of foreign-born population over the last three decades (1980–2010). This impact is greater for foreign-born population with lower English proficiency. As computerization and automation substitute for workers in routine occupations, switching from routine jobs to non-routine cognitive jobs may be more challenging for foreign-born workers than for native workers. © 2021, EEA.

This paper examines the role of property rights and other factors to the growth of real gross domestic product (GDP) per capita. We show using a two-step system generalized method of moments (GMM) dynamic model and a panel data set of around 150 countries from 2006 to 2018 that property rights have a positive and significant effect on the growth of real GDP per capita. The paper also found that human capital, physical capital and inflation have significant effects on real GDP per capita growth. © 2021. All Rights Reserved.