613 research outputs found
Scott Heim, 34th Annual ODU Literary Festival
No full textScott Heim is the author of the HarperCollins novels We Disappear, In Awe, and Mysterious Skin, which was made into a 2005 film by Gregg Araki. He has won fellowships from the Sundance Screenwriters Lab and the London Arts Board. Originally from Kansas, Scott lived in New York for 11 years before moving to Boston in 2003. At present he is working on a screenplay and a new novel. His official website is www.scottheim.com
Demand For Durable Goods, Nondurable Goods And Services
No full textSeparate macroeconomic consumption demand functions are developed and tested for (1) durable goods, (2) nondurable goods and (3) services. These are compared for consistency with econometric studies of total consumer demand. Key factors determining demand for these goods are tested using U.S. 1960 - 2000 data. The econometric method used was 2SLS with heteroskedasticity controls. Data in first differences are used to reduce multicollinearity, non stationarity and autocorrelation. The models explain 94% of the variance in demand for consumer durables, 86% of demand for nondurable consumer goods and 81% of services demand. Demand for durables like autos and appliances, was found to be driven by the disposable income, wealth, the exchange rate, availability of consumer credit, interest rates on consumer credit, demand for new housing, which affects appliance demand, and population growth. Demand for nondurable goods, such as groceries and clothes, was driven by the same factors, except for new housing demand and the exchange rate. Demand for consumer services such as laundry, restaurant, and entertainment services was found to be related to disposable income, wealth, and population growth, but not related to consumer credit availability, or consumer credit interest rates. However, mortgage interest rates paid by households did seem to affect the demand for services.
sj-docx-1-jop-10.1177_02698811211050567 – Supplemental material for Intoxication without anticipation: Disentangling pharmacological from expected effects of alcohol
No full textSupplemental material, sj-docx-1-jop-10.1177_02698811211050567 for Intoxication without anticipation: Disentangling pharmacological from expected effects of alcohol by Adam M McNeill, Rebecca L Monk, Adam Qureshi and Derek Heim in Journal of Psychopharmacology</p
Do Deficits Crowd Out Private Borrowing? Evidence From Flow Of Funds Accounts
No full textHeim (2010) found a strong negative relationship between deficits and private consumer and investment spending, controlling for other key variables. The study did not directly test the mechanism by which deficits were related to consumer and investment spending, only the result. Crowd out theory hypothesizes the mechanism is consumer and investment credit shortages induced by borrowing -financed government deficits. This paper examines that mechanism directly, testing to see if private borrowing is related to deficits. It uses Federal Reserve Flow of Funds accounts data on borrowing. The paper finds a strong negative relationship between deficits and private borrowing, with deficits reducing private borrowing dollar for dollar. The borrowing estimates are very similar to the Heim (2010) estimates of deficit effects on consumer and investment spending, suggesting crowd out effects work through the borrowing channel and fully offset the stimulus effects of deficits. Flow of Funds data on savings and investment, for accounting reasons, confirm the econometric findings of full crowd out, provided savings remain constant.
John Booth Davies (1944-2017):A tribute from Derek Heim and Douglas Cameron.
No full textJohn Booth Davie
Analysing the EO4GEO Body of Knowledge from the perspective of a public authority
No full textauthor: Prisca Heim, BSc.Literaturverzeichnis: Blatt 73-75Masterarbeit University of Salzburg 202
Black and minority ethnic health in Greater Glasgow: a comparative report on the health and well-being of African & Caribbean, Chinese, Indian and Pakistani people and the general population
No full textThis report summarises findings from three health and well-being surveys conducted in Greater Glasgow focussing on the following populations: firstly, the Chinese community (commissioned by the Chinese Healthy Living Centre, FMR Research, 2004), secondly, the Pakistani, Indian and African & Caribbean communities (also referred to as the PIAC study, Heim et al., 2005) and thirdly the health and well-being survey of the general population (RBA, 2002)
The Declining Exchange Rate: Impact On The U.S. Economy 2000-2009
No full textUsing a simplified Klein/Fair structural model of the U.S. economy, estimated using 1960 – 2000 data, the paper finds that the 12.9% dollar decline 2000-2009 had a positive effect on exports, but mildly negative effects for domestically produced investment and consumer goods. It is shown that the negative effects occurred because the negative income effects of rising import prices offset the more positive effects of substitution toward domestic goods. The estimated overall negative effect on the GDP is modest: 1.7% over the nine years, or about a fifth of a percent per year. It is estimated this decline in the dollar reduced the trade deficit 88.6 billion. This paper updates R.P.I. Economics Department Working Paper #905 to include effects of exchange rate changes during 2009.
How Falling Exchange Rates 2000-2007 Have Affected the U.S. Economy and Trade Deficit (Evaluated Using the Federal Reserve's Nominal Broad Exchange Rate)
No full textFalling exchange rates reduce the purchasing power of the dollar, increasing import prices. Higher import prices have two effects. (1) A substitution effect that shifts demand from imported to domestically produced goods. (2) An income effect that reduces the total amount of real income available for spending on domestic goods and foreign goods. Based on U.S. 1960 - 2000 data, this paper estimates an econometric model that finds that the income effects of falling exchange rates overwhelms the substitution effects, causing a net negative influence on the GDP and income. Results indicate demand for both imported and domestic consumer and investment goods is adversely affected because the income effect is so dominant.. For investment goods, there was a 2.52 billion substitution effect out of imported goods when import prices rose due to a one point drop in the nominal Broad exchange rate. Declining real income also caused decreased demand for domestically produced investment goods. For consumer goods, the substitution effect stimulated domestic demand, but was more than offset by the negative effect of declining income. The decrease in demand for domestic goods and services was 2.0 times as large as the decrease in demand for imports. Therefore, the trade deficit fell less in dollars (321B) in real dollars. The study estimates that, other things equal, the trade deficit would fall from 4.3% to 2.3% of the GDP as a result of a large 16.1 percent drop in the nominal Broad exchange rate index, such as occurred 2000-07. Had the exchange rate not fallen during this period, we estimate the average annual growth rate of the U.S. economy would have been 3.2%, not the 2.7% it has actually averaged, assuming sufficient capital and labor availability to do so. Finally, we find that a falling trade deficit induced by falling exchange rates (8.28B per point decline in the index) during the same period.
How Falling Exchange Rates 2000-2007 Have Affected the U.S. Economy and Trade Deficit (Evaluated Using the Federal Reserve's Real Broad Exchange Rate)
No full textFalling exchange rates reduce the purchasing power of the dollar, increasing import prices. Higher import prices have two effects. (1) A substitution effect that shifts demand from imported to domestically produced goods. (2) An income effect that reduces the total amount of real income available for spending on domestic goods and foreign goods. Based on U.S. 1960 - 2000 data, this paper estimates an econometric model that finds that the income effects of falling exchange rates overwhelms the substitution effects, causing a net negative influence on the GDP and income. Results indicate demand for both imported and domestic consumer and investment goods is adversely affected because the income effect is so dominant.. For investment goods, there was a substitution effect into imported goods when import prices rose due to a falling exchange rate, presumably because the negative income effect so reduced income that demand was pushed toward cheaper imports, despite the fact that their own prices had recently risen, causing the U.S. real income decline. Declining real income also caused decreased demand for domestically produced investment goods, presumably for the same reason. For consumer goods, the substitution effect stimulated domestic demand, but was more than offset by the negative effects of declining income. The decrease in demand for domestic goods and services was 3.5 times as large as the decrease in demand for imports. In short, the trade deficit appears to fall far less than the GDP when the exchange rate drops. The study estimates that, other things equal, the trade deficit would have fallen from 4.3% to 2.8% of the GDP as a result of a 12.5 point (12%) weakening of the dollar against the Broad trade weighted real exchange rate, such as occurred 2000-07. Had the exchange rate not fallen during this period, we estimate the average annual growth rate of the real U.S. economy would have been 3.4%, not the 2.7% it has actually averaged, assuming sufficient capital and labor availability to do so. Finally, we find that a falling trade deficit induced by falling exchange rates, reduces the size of the annual transfer of U.S. assets to foreigners needed to finance the deficit, but does not result in a faster rate of net growth for U.S. – owned assets, because declining income also reduces domestic savings by about the same amount. JEL E00, F40, F43.Creation-Date: 2008-01
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