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Dive into the research topics where Mark David Witte is active.

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Featured researches published by Mark David Witte.


Journal of Sports Economics | 2010

Not So Fast, My Friend: Biases in College Football Polls

Mark David Witte; McDonald Paul Mirabile

The national championship game in Division IA football is selected in part by voters. Are the voters biased? Examining all weekly rankings from 2004 to 2008, the authors find the following results. Voters in the USA Today (Coaches’) Poll tend to rank their team’s recent opponents 4.3 places higher than the average voting coach and rank the recent opponents of their alma mater 3.2 places higher. Additionally, both coaches and sports media (AP Poll) overassess teams who play in certain Bowl Championship Series (BCS) conferences relative to non-BCS conferences and reward ‘‘running up the score’’ by voting teams with high offensive output above their peers.


China & World Economy | 2009

Pricing to Market: Chinese Export Pricing to the USA after the Peg

Mark David Witte

In July 2005, the Chinese Government unpegged the RMB from the US dollar. As the RMB has followed a remarkably predictable appreciation over time, I examine the price of Chinese exports to the USA after unpegging the exchange rate. Results suggest that the Chinese industries with greater import market share were able to raise their prices after the removal of the pegged exchange rate regime; however, over time there is a significant deflationary trend. Chinese export prices tended to decrease under an unanticipated RMB appreciation; this effect was more pronounced for industries with more pricing flexibility. This suggests that Chinese exporters are consistently “pricing to market” and thus creating a significant foreign exchange policy implication. Specifically, a more flexible exchange rate regime will likely have little impact on the prices of Chinese exports to the USA but might increase the profit volatility of Chinese firms.


The Financial Review | 2013

Price Clustering in the U.S. Dollar/Taiwan Dollar Swap Market

Hao‐Chen Liu; Mark David Witte

Price clustering in financial markets is pervasive. Using transaction‐level data from the worlds largest financial market, this study is the first to examine price clustering behavior in the foreign exchange swap market. In addition to existing hypotheses, we investigate new determinants of price clustering including the expected return, contract liquidity, and traders identity. The results support both negotiation and price resolution hypotheses. We find a positive effect from the level of expected return on price clustering. Markets with greater liquidity experience reduced clustering. Transactions involving domestic banks have less clustering suggesting an information advantage over foreign banks.


Journal of Sports Economics | 2017

A Discrete-Choice Model of a College Football Recruit’s Program Selection Decision

McDonald Paul Mirabile; Mark David Witte

We formalize a discrete-choice model of program selection from the view of college football recruits. With a conditional logit model, we correctly predict the recruit’s preferred college for 65% of the 19,815 individuals, besting a purely random guess method (21%). We focus on the role football will play in postcollegiate careers of high-rated, mid-rated, and low-rated prospects in choosing a school. High-rated and mid-rated recruits value historical on-the-field success, historical head coach success, stadium capacity, media exposure, facilities, and coaching expenditures. Academic considerations and more recent on-the-field success, however, are more dominant factors for low-rated recruits.


Review of Middle East Economics and Finance | 2011

Female Labor, Western Culture and Growth in the Gulf Cooperation Council Countries

Mark David Witte

This paper examines the determinants of the female labor force and the impact of female labor on the growth rates of six Gulf Cooperation Council (GCC) countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. Using per capita spending on imported US books to approximate for western cultural sentiment, the paper finds a positive relationship between the female percentage of total labor and per capita U.S. book expenditures. The estimates suggest that an increase in western cultural sentiment equivalent to an additional


International Economic Journal | 2010

Currency Invoicing: The Role of ‘Herding’ and Exchange Rate Volatility

Mark David Witte

1 per person spent on U.S. books would raise the female percentage of total labor by 1.5 percent in a given GCC country. In fact, the female percentage of total labor can account for approximately 1.6 percent of the variation in growth rates between the GCC countries over time. Moreover, a 1 percent increase in the female percentage of total labor creates GDP growth equivalent to a 2 percent increase in the international price of oil.


Global Economic Review | 2009

When is a Global Currency Optimal

Mark David Witte

This paper analyzes an individual firms choice of invoicing currency under exchange rate volatility. Greater exchange rate volatility amplifies the representative firms desire to ‘herd’ relative to all other considerations that may affect the currency denomination decision. By ‘herding’ a firm chooses a currency of denomination so that the firms price and the competitions price are affected by the exchange rate in a similar manner. Contrary to previous research, the results herein suggest that individual firms may invoice in a relatively volatile currency as long as its competitors invoice in the same volatile currency.


Eastern European Economics | 2012

What Effect Did the Credit Crisis of 2008 Have on European Exchange Rates

Mark David Witte

Abstract The purpose of this paper is to examine what factors make an individual, exporting firm choose to denominate its price(s) in the same currency for multiple markets in different countries. The unique model herein maintains an endogenous frequency of price adjustment, price discrimination and currency of denomination. The representative firm is likely to choose a global price (one price in one currency for all countries) based mostly on macro economic and industry-specific characteristics. Exchange rate transaction costs, exchange rate volatility and market size consistently impact the optimality of the use of a global currency.


Global Economic Review | 2010

Asian Exchange Rates during the Credit Crisis: Policies to Avoid Depreciation

Mark David Witte

During the recent credit crisis, European currencies tended to depreciate when the domestic country had relatively high long-term interest rates overshooting traditional uncovered interest rate parity. Absolute interest rate differentials, not innovations to the interest rate differential, drove the depreciation. The degree of the crisis, as measured by the TED spread, amplified this effect. Current account deficits, high inflation, and external debt held by governments or by banks only indirectly drove depreciation by creating higher domestic interest rates. In addition to the interest rate effect, Hungary saw currency depreciation relative to other East European currencies as the TED spread widened.


International Migration Review | 2017

Migration and the Currency Denomination of Trade

Luigi Ventura; Mark David Witte

Abstract A few policy recommendations become apparent to avoid depreciation relative to other regional currencies when examining intra-Asian exchange rates during the most recent credit crisis. One, avoid large fiscal deficits. Two, avoid high inflation and current account deficits in order to maintain low interest rates to avoid depreciation from the unwinding of the carry trade. Third, build large official reserves or, more importantly, build large reserves of foreign currency assets. Additional results show an unexplained depreciation of the Australian dollar and the Indian rupee and appreciation of the Thai baht as the TED spread widened and credit crisis worsened.

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Luigi Ventura

Sapienza University of Rome

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Bing Pan

College of Charleston

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Xiang (Robert) Li

University of South Carolina

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Sean T. Doherty

Wilfrid Laurier University

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