The Impact of Natural Amenities on Home Values in Western Colorado

2021 ◽  
Vol 12 (2) ◽  
pp. 20-38
Author(s):  
Nathan Perry ◽  
Tim Casey ◽  
Tammy E. Parece ◽  
Cory Castaneda
Keyword(s):  
Fixed Effects ◽  
Open Space ◽  
Ordinary Least Squares ◽  
Public Parks ◽  
Bureau Of Land Management ◽  
Spatial Error ◽  
Natural Amenities ◽  
National Monument ◽  
Home Values ◽  
The Impact

This paper investigates the impact that proximity to natural amenities has on improving home values in Mesa County, Colorado. Controlling for standard home characteristics, the study investigates the value to homes of the proximity to trails, the Colorado National Monument, Bureau of Land Management Land, golf courses, the Colorado/Gunnison River, open space, and public parks, using ordinary least squares, fixed effects (controlling for time and zip codes), and a spatial error model. GIS is used to determine distances for the spatial econometric model. Each amenity is evaluated at 250, 500, and 1000 meters. The results show that homes located within 250 meters of a trail sell for 4.45% more, homes located within 500 meters of BLM land sell for 9.07% more, homes located within 250 meters of a golf course sell for 12.70% more, and homes located within 250 meters of the Colorado National Monument sell for 12.90% more.

scholarly journals Profitability Determinants of Big European Banks

2021 ◽  
Vol 10 (2) ◽  
pp. 39-56
Author(s):  
Vesna Karadžić ◽  
Nikola Đalović
Keyword(s):  
Fixed Effects ◽  
Negative Impact ◽  
Ordinary Least Squares ◽  
Annual Data ◽  
The European Union ◽  
Macroeconomic Factors ◽  
Panel Models ◽  
Econometric Methods ◽  
Gdp Growth Rate ◽  
The Impact

Abstract The subject of research in this paper is the profitability of the biggest banks in the European financial market, some of which operate in Montenegro. The profitability of banks is influenced by a large number of factors, including internal banking and external macroeconomic factors. The aim of this paper is to use statistical and econometric methods to examine which factors and with what intensity affect the profitability of large banks in Europe. The empirical analysis used highly balanced panel models with annual data on 47 large banks from 14 European countries over the period 2013-2018. Three static panel models were estimated and evaluated (pooled ordinary least squares, model with fixed effects and model with random effects), as well as dynamic model utilizing general methods of moments. The POLS model was chosen as the best, confirming that all macroeconomic factors have a statistically significant impact on the profitability of big banks, while the impact of internal factors, which are controlled by the bank’s management, is not significant. GDP growth rate, inflation rate and market concentration have a positive effect on profitability, while the membership of the European Union has a negative impact on profit, meaning that banks with headquarters outside the EU are more profitable.

scholarly journals IMPACT OF HUMAN CAPITAL DEVELOPMENT ON PRODUCTIVITY GROWTH IN EU MEMBER STATES

2018 ◽  
Vol 16 (0) ◽  
pp. 1-12 ◽  
Author(s):  
Alma Mačiulytė-Šniukienė ◽  
Kristina Matuzevičiūtė
Keyword(s):  
Human Capital ◽  
Fixed Effects ◽  
Panel Data Analysis ◽  
Labour Productivity ◽  
Ordinary Least Squares ◽  
Fixed Effects Model ◽  
Education Expenditure ◽  
Member States ◽  
Eu Member States ◽  
The Impact

In this research, we investigate the impact of human capital on labour productivity in European Union member states using panel data analysis. Results of the paper are estimated using the Pooled ordinary least squares (OLS) and Fixed effects model (FEM). The results show that human capital is positively significant in improving the growth of labour productivity in the EU. Our estimates also suggest that the impact occurs after three times lags in case of education expenditure.

Wage Dispersion and Team Performance: The Moderation Role of Club Size

2021 ◽  
pp. 152700252110677
Author(s):  
Thadeu Gasparetto ◽  
Angel Barajas
Keyword(s):  
Team Performance ◽  
Fixed Effects ◽  
Ordinary Least Squares ◽  
Wage Dispersion ◽  
Financial Strength ◽  
Football Clubs ◽  
And Performance ◽  
The Impact ◽  
Robustness Check

Previous research on professional football offer conflicting results regarding the impact of wage dispersion on team performance. However, the existing intra-league heterogeneity among clubs is overlooked and could be the reason for the diverging outcomes. The aim of this paper is to reanalyze this relationship having the clubs’ size as moderator. Payroll – which captures the financial strength – is used as proxy of club size. Ordinary Least Squares regressions with season and league fixed effects are employed. Dispersion is measured by three indexes for robustness check. The outputs confirm the quadratic relationship between wage dispersion and performance, but adding that identical levels of dispersion have different impact on football clubs according to their financial strength.

Measuring the impact of police representativeness on communities

2016 ◽  
Vol 39 (4) ◽  
pp. 773-790 ◽  
Author(s):  
Maren B. Trochmann ◽  
Angela Gover
Keyword(s):  
Law Enforcement ◽  
Fixed Effects ◽  
Use Of Force ◽  
Police Department ◽  
Ordinary Least Squares ◽  
Police Departments ◽  
Content Type ◽  
The Us ◽  
Community Conflict ◽  
The Impact

Purpose The purpose of this paper is to examine whether the representativeness of police departments, i.e. the extent to which the demographics of sworn police officers mirror their local constituency’s demographic makeup, has an effect on communities. The study seeks to explain whether community complaints about police use of force are related to the representativeness of the police department. Design/methodology/approach The study examines the relationships between use of force complaints lodged against a police department and the representativeness of the police vis-à-vis their community using ordinary least squares regression and city fixed-effects models. The stratified sample of 100 large US cities uses data from the US Census Equal Employment Opportunity Survey and the Bureau of Justice Statistics Law Enforcement Management and Administration Statistics Survey from several points-in-time. Findings The analysis suggests that racial makeup and, to a lesser extent, local residency of police departments might matter in reducing community conflict with police, as represented by use of force complaints. However, the fixed-effects model suggests that unobserved community-level characteristics and context matter more than police departments’ representativeness. Originality/value This study seeks to provide a unique perspective and empirical evidence on community conflict with police by integrating the public administration theory of representative bureaucracy with criminal justice theories of policing legitimacy. The findings have implications for urban policing as well as law enforcement human capital and public management practices, which is essential to understand current crises in police-citizen relations in the US, especially in minority communities.

Product diversification, business structure, and firm performance in Taiwanese property and liability insurance sector

2017 ◽  
Vol 18 (5) ◽  
pp. 486-499 ◽  
Author(s):  
Chen-Ying Lee
Keyword(s):  
Firm Performance ◽  
Financial Services ◽  
Fixed Effects ◽  
Ordinary Least Squares ◽  
Product Diversification ◽  
Least Squares Regression ◽  
Fixed Effects Model ◽  
Content Type ◽  
The Impact ◽  
Business Structure

Purpose The purpose of this study is to analyze product diversification, business structure and insurer performance with a comprehensive look at the property-liability (P/L) insurance operations. Design/methodology/approach Using a panel data, this study employs an ordinary least squares regression model, fixed effects model and random effects model to examine the impact of product diversification and business structure on the performance of P/L insurers. The study assesses insurer performance using both risk-adjusted return on assets and risk-adjusted return on equity. Findings The study finds that product diversification is significantly negatively related to the performance of P/L insurers. The results are consistent with the diversification discount theory. The empirical results reveal that business lines have significant impacts on firm performance, particularly on the lines of fire and marine insurances. Furthermore, the interaction between product diversification and firm size implies that product diversification significantly increases the performance of large-sized insurance firms. Originality/value The study provides some valuable insights into the effects of diversification and business structure on the performance of P/L insurers in a developing country. The study’s findings suggest that management of P/L insurers should clarify their objectives and carefully assess the company’s resources when dealing with product diversification and business structure. The results have practical implications for the financial services industry in Taiwan.

scholarly journals CAN TURKISH AND US CO-OPERATION IN THE BLACK SEA REGION INCREASE EFFICIENCY GAINS?

2017 ◽  
Vol 10 (2) ◽  
pp. 34-49
Author(s):  
Sedat AYBAR
Keyword(s):  
Black Sea ◽  
Fixed Effects ◽  
Trade Agreement ◽  
Ordinary Least Squares ◽  
The Black Sea ◽  
Efficiency Gains ◽  
Black Sea Region ◽  
The Us ◽  
The Impact ◽  
The Eu

This paper examines the impact of co-operation between Turkey and  the US upon Turkish trade and investments towards the Black Sea  region. The study is particularly important in the conjuncture of the  US withdrawal from the Transatlantic Trade and Investment Partnership (TTIP) and in the wake of signing a free  trade agreement with the EU. An additional matter of importance  relates to the improved Turkey – Russia economic collaboration especially after the “jet” incident and American  involvement with the Middle East. Significant part of the latter is  economic as the US has also explicit economic interests in the  Eastern Meditteranean. A gravity model has been employed using  ordinary least squares on a panel data with fixed effects to analyse aggregate trade. We have also categorized export groups of  Turkey and the US separately. Our findings for both Turkish and the US exports indicate that per-capita GDP of Black Sea countries are  highly persistent and positively correlated with increased efficiency  gains and trade volumes. Regression results show that the US  exports to the EU member countries are on average less than to  those non-EU member Black Sea countries. Hence, we question  whether a possible co-operation between the US and Turkish  companies can help gaining better access to the Black Sea market for their exports.

scholarly journals Impact of Full IFRS, Accounting Standards for SMES and Company Demographics on Firms’ Return on Asset and Return on Equity using Panel Data Regression

2019 ◽  
Vol 8 (6S) ◽  
pp. 589-601 ◽  
Keyword(s):  
Least Squares ◽  
Random Effects ◽  
Fixed Effects ◽  
Random Effect ◽  
Ordinary Least Squares ◽  
Lagrangian Multiplier ◽  
Random Effects Model ◽  
Fixed Effects Model ◽  
Real Property ◽  
The Impact

Due to globalization, markets are becoming more interconnected as the companies are engaged in doing cross-border offerings. Currently, competitions are intensified because Domestic organizations discover themselves competing with each nearby opposite numbers and worldwide companies. But one component that hinders SMEs is the need for reliable and similar monetary data. According to Abarca (2014), adoption of a high-quality and consistent set of accounting requirements is critical so as for the businesses to remain competitive in ASEAN member states. This paper ambitions to answer the query, what modified into the extent of the impact of compliance with full IFRS and IFRS for SMEs on profitability of agencies belong to real property enterprise? This paper moreover sought to decide whether there may be a sizeable distinction among the groups’ compliance with the overall PFRS and the PFRS for SMEs and to determine whether or now not there is a massive distinction among the companies’ financial normal overall performance earlier than and after the adoption of the PFRS for SMEs.Paired T-test have become employed in case you need to determine whether there is a big distinction between the agencies’ compliance with the entire PFRS and the PFRS for SMEs and to decide whether or not there may be a big difference some of the groups’ monetary performance earlier than and after the adoption of the PFRS for SMEs. Using STATA, the great appropriate version for every economic ratio on the subject of degree of compliance emerge as determined on. First, take a look at parm command became used to find out which most of the Least Squares Dummy Variable Regression Modes (LSDV1, LSDV2, LSDV3) underneath the Fixed Effects Model is the ideal version. Afterwards, Hausman Fixed Random Test changed into used to pick out out which is more suitable amongst Fixed Effects Model and Random Effects Model. If Fixed Effects Model modified into the more appropriate one, the Wald’s test turn out to be used to determine the best version among Fixed Effects Model and Ordinary Least Squares Model. On the alternative hand, if Random Effects Model became the more suitable one, the Breusch and Pagan Lagrangian Multiplier Test for Random Effect have become used to decide the satisfactory version amongst Random Effects Model and Ordinary Least Squares. Moreover, if Ordinary Least Squares became the splendid model, it is going to be in addition tested to check for heteroscedasticity and multicollinearity. White’s test became used to check for heterescedasticity and Variance Inflation Factor have become used to test if multicollinearity is gift. The results display that the adoption of PFRS for SMEs stepped forward the compliance of Philippine real property SMEs. However, no vast alternate became said inside the financial average performance of those companies (as measured with the resource of cross back on assets and go back on equity). This was further supported by the results of the panel regression. This means that despite having a relatively

scholarly journals The impact of financial variables on systematic risk – An empirical study in manufacturing industry on Ho Chi Minh stock exchange

2017 ◽  
Vol 1 (Q4) ◽  
pp. 88-94
Author(s):  
Minh Tien Pham ◽  
Bich Huy Hai Bui ◽  
Thao Thi Thu Nguyen
Keyword(s):  
Fixed Effects ◽  
Stock Exchange ◽  
Random Effect ◽  
Random Effect Model ◽  
Systematic Risk ◽  
Ordinary Least Squares ◽  
Operating Efficiency ◽  
Manufacturing Companies ◽  
Financial Variables ◽  
The Impact

The aim of this study is to examine the effect of financial variables on systematic risk, using the panel data of 64 manufacturing companies listed in Ho Chi Minh City Stock Exchange (HOSE) during the period of 2011-2015. The three models employed are pooled Ordinary Least Squares (OLS), Random Effect Model (REM), and Fixed Effects Model (FEM). The results of model tests show that FEM is the most suitable to carry out the analysis. In order to increase the efficiency of the model, the tests for model problems are conducted. The results point to the presence of heteroskedasticity problem in the model; therefore, the modified FEM is used to deal with this issue. Empirical evidence from HOSE indicates that leverage has a significantly positive impact while operating efficiency and profitability show significantly negative impact on systematic risk (beta).

Legal family, cultural dimensions, and FDI

2019 ◽  
Vol 15 (3) ◽  
pp. 285-314 ◽  
Author(s):  
Tanja Steigner ◽  
Marian K. Riedy ◽  
Antonina Bauman
Keyword(s):  
Fixed Effects ◽  
Cultural Distance ◽  
Common Law ◽  
Ordinary Least Squares ◽  
Cultural Dimensions ◽  
Source Country ◽  
Least Squares Regression ◽  
Legal Origin ◽  
Content Type ◽  
The Impact

Purpose The purpose of this paper is to investigate the interaction between legal origin and cultural distance and its impact on foreign direct investment (FDI) flows into the OECD. Design/methodology/approach Ordinary least squares regression analysis is used to evaluate FDI flows into OECD countries between 2003 and 2012. Estimations use fixed effects and clustered standard errors. Findings FDI flows from civil to common law countries are greater than vice versa. Further, cultural distance impacts FDI flows depending on the legal origin of the source country. Specifically, more FDI flows from civil and common law countries, when the host country has a higher (lower) power distance (individualism) score. Civil law countries send more FDI into countries with higher masculinity, uncertainty avoidance and indulgence scores and with lower long-term orientation scores. The opposite is the case with common law source countries. The findings remain robust for various changes to the sample selection. Research limitations/implications The concepts of cultural distance and legal origin have been criticized. However, neither concept has been rejected; rather, both concepts persist as robust empirical research tools. Practical implications Scholars, managers and investors can gauge the impact of cultural distance on FDI flows based on the legal family of the source country. Further, policy makers might want to consider rebranding their countries in terms of cultural perceptions to show the attractiveness of specific cultural dimensions to foreign companies and investors. Originality/value To the best of the authors’ knowledge, this is the first paper that jointly investigates FDI, legal origin and national culture.

scholarly journals Global FDI Inflow and Its Implication across Economic Income Groups

2020 ◽  
Vol 13 (11) ◽  
pp. 291
Author(s):  
Udi Joshua ◽  
Mathew Ekundayo Rotimi ◽  
Samuel Asumadu Sarkodie
Keyword(s):  
Economic Growth ◽  
Fixed Effects ◽  
Trade Openness ◽  
Generalized Method Of Moments ◽  
Income Group ◽  
Ordinary Least Squares ◽  
Business Environment ◽  
Positive Influence ◽  
Panel Estimation ◽  
The Impact

Foreign direct investment (FDI) as a driver of growth is important in today’s globalized economy. It is extremely difficult for economies to grow sustainably without economic interactions outside their borders. However, there has been a debate on the impact of FDI inflow on economic expansion. Hence, this study investigated the influence of FDI on economic growth for a selection of 200 economies around the world for the period 1990–2018. We subdivided the sample into World Bank income group clusters to aid comparison across income blocs. The study employed panel estimation techniques including pooled ordinary least squares (POLS), dynamic panel estimation with fixed-effects and random-effects and generalized method of moments (GMM). The study found that FDI, debt stock and official development assistance are promoters of growth in the selected countries—although debt stock weakly impacts economic growth. In contrast, trade openness and exchange rates had a mixed (negative and positive) influence on economic growth. The study suggests that the creation of a conducive business environment and economic policies will attract FDI inflows. Additionally, borrowing from external sources could be minimized despite its perceived positive influence on growth to achieve financial independence.

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