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The Colonial Legacies Of Trade Agreements With The European Union, Mia R. Warshofsky
The Colonial Legacies Of Trade Agreements With The European Union, Mia R. Warshofsky
Honors Undergraduate Theses
As European colonialism was the dominant system of long-distance governance and resource appropriation for centuries, its economic legacies are diverse albeit understated. The existing research looks mainly at the effects of colonialism on a former colony's internal development. This study broadens that scope, looking at which factors are correlated with the presence or absence of a trade agreement with the European Union as well as the number of restrictions to free trade within them. This was carried out through four large-n regressions. The first compared current former- and non-colony trading partners. The second narrowed the scope by comparing only former …
Does Lowering The Interest Rate Stimulate Economic Growth? An Analysis Of Current Macroeconomic Policy, Tomas Araujo
Does Lowering The Interest Rate Stimulate Economic Growth? An Analysis Of Current Macroeconomic Policy, Tomas Araujo
Honors Undergraduate Theses
The effectiveness of monetary policy moving forward from the subprime mortgage crisis has come into question by academics and economists from around the world. The unconventional monetary policy tools implemented have left central banks in a tough spot in terms of an exit from these policies in an environment where economic growth and inflation targets still have not been reached ten years after the onset of the recession. One of the main criticisms by economists is the prolonged easy monetary policy implemented by central banks, which have left interest rates at near zero levels since the recession and are just …
How Has The Valuation Of Technology Ipos Changed Since The Dot-Com Bubble?, Andrew Rush
How Has The Valuation Of Technology Ipos Changed Since The Dot-Com Bubble?, Andrew Rush
Honors Undergraduate Theses
In my paper, I extended Aggarwal, Bhagat and Rangan’s “The Impact of Fundamentals on IPO Valuation”. I examine IPO valuations over three time periods: 2002-2006, 2007-2011 and 2012-2016. In these time periods, I analyze the first day returns these firms experience along with testing the significance of four variables on their valuations: Total Assets, Previous Year’s Sales, Previous Year’s R&D Expense, and Sales-to-Assets Multiple. The results point to a shift in valuation tactics from valuing in line with investors’ expectations in the early years to undervaluing them in more recent years. Also, Sales and R&D have statistical significance for firm’s …