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  • Thumbnail for The Impact of Fractionalization on Infrastructure Provision Through Public-Private Partnerships
    The Impact of Fractionalization on Infrastructure Provision Through Public-Private Partnerships by Park, Yoon Jo

    For many lower and lower-middle-income countries, provisions of infrastructure often present significant advanced costs that they simply cannot afford. In turn, many governments procure private sector investment in the form of public-private partnerships to address the ever-growing need for public goods provisions. Previous works of literature exist on the determinants of public-private partnership projects and their investment, but largely absent has been the factor of social climate, especially how cultural divisions among the general population can affect these endeavors. This study instruments governance with fractionalization to estimate its effect on public-private partnerships.

  • Thumbnail for Relationships matter : social capital and microfinance
    Relationships matter : social capital and microfinance by Sundeen, Lisa

    This study shows how social capital affects the outreach and operational self-sufficiency of microfinance institutions (MFIs) around the world. Borrowing from the literature, this thesis defines social capital as those features of human relationships—specifically social networks, social norms, and trustworthiness—which help a community to achieve economic development. This research uses quantitative data from the Microfinance Information Exchange and the World Values Survey as well as qualitative data collected during a ten-day case study with the Adelante Foundation in La Ceiba, Honduras. The regression model shows which aspects of social capital have the greatest influence on MFI performance, accounts for explanatory variables, and tests for an endogenous peer effect between MFIs. Results show that social capital—particularly friend networks and trust—has a direct influence on MFI performance, suggest that there is a tradeoff between outreach and sustainability, and proves that there is an endogenous peer effect between MFIs.

  • Thumbnail for The hand of God or death : mitigating earthquake fatalities through aid and infrastructure
    The hand of God or death : mitigating earthquake fatalities through aid and infrastructure by Miller, Elyse Nicole

    Through the perspective of the 2010 earthquake in Port-au-Prince, Haiti, I examine the factors that decrease earthquake death tolls. I find that each additional dollar of aid per capita received by a nation two years prior to a quake causes a 2.36 percent decline in fatalities from the event; investment in infrastructure has ambiguous results. Furthermore, I conclude that the death toll of the Haitian quake was atypically high when compared to earthquakes of similar magnitude.

  • Thumbnail for 2011 Colorado College State of the Rockies report card
    2011 Colorado College State of the Rockies report card

    The 2011 State of the Rockies Report Card is focused on the Eastern Plains, Infrastructure and Recreation. These separate but interrelated topics are all important aspects to the Rockies region.

  • Thumbnail for Social capital as a determinant of innovation
    Social capital as a determinant of innovation by Alonso Arenas, Rafael

    This thesis explores the relationship between social capital and innovation across 40 regions in the United States. Data is drawn from the Social Capital Community Benchmark Survey, compiled by the John F. Kennedy School of Government and the Saguaro Seminar, and the MicroPatent CD-ROM Database from the USPTO. Innovative activity is modeled as a function of knowledge stocks, human capital, four aspects of social capital, and other control variables across six industries over 38 years. The results suggest that certain manifestations of social capital, such as levels of trust and cooperation, consistently have a positive impact on innovative activity. Furthermore, communities with greater levels of cooperation and better-established networks innovate even more in the presence of previous local knowledge.

  • Thumbnail for Microfinance in the United States : joint liability lending's potential for success in the U.S.
    Microfinance in the United States : joint liability lending's potential for success in the U.S. by Jessup, Alice

    This thesis seeks to investigate the possibilities of joint liability lending in the United States and if there is the necessary social capital to support a successful group lending structure. Since joint liability lending has enjoyed great success in foreign countries, I thought it was important to look into the positive effect that joint liability lending could have on the unbanked population in the U.S. I developed a questionnaire regarding joint liability lending's potential in the United States and sent it to six of the most highly regarded microfinance institutions in the U.S. Though I anticipated that joint liability lending would be successful in the United States, as it was abroad, the input I received from the microfinance institutions in my sample indicated that the U.S. would not be able to support joint liability lending. These institutions saw lack of social capital as the main reason that group lending would not be successful in the United States.