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Full-Text Articles in Social and Behavioral Sciences

Innovation And Finance: A Firm Level Analysis On Emerging Markets, Emily Zangrillo Jun 2014

Innovation And Finance: A Firm Level Analysis On Emerging Markets, Emily Zangrillo

Honors Theses

Economic theory suggests that the more financially constrained a firm, the lower its ability to allocate resources for innovation. I test this theory using firm-level survey data that covers 29 Eastern European and Central Asian countries. The survey is conducted in 2002, 2005, and 2009, and covers nearly 12,000 enterprises. I construct two baseline probit models to test the impact of financial constraints on firms’ ability to innovate a new product or upgrade an existing product. Existing literature suggests that the more financially constrained a firm, the less likely they are to innovate. Previous studies have also noted the reverse …


Contemporary Slavery: A Historical Perspective, Keilah Creedon Jun 2014

Contemporary Slavery: A Historical Perspective, Keilah Creedon

Honors Theses

While awareness is spreading about the 29 million people around the world who are currently enslaved, there is often a lack of understanding about what slavery is like today versus our common conception of slavery under the transatlantic slave trade. After exploring the connection between the abolition of slavery in the past and the introduction of coercive labor practices under colonial rule, I explain how slavery never truly ended and elaborate on the most common forms of contemporary slavery found today. This includes a case study focused on coercive labor in cocoa production. Using a solution oriented approach, I address …


Intra-Firm Trade From U.S. Multinational Enterprises To Emerging Market Economies: An Assessment Of The Impact Of The Global Recession And Intellectual Property Rights, Trang Nguyen Jun 2014

Intra-Firm Trade From U.S. Multinational Enterprises To Emerging Market Economies: An Assessment Of The Impact Of The Global Recession And Intellectual Property Rights, Trang Nguyen

Honors Theses

The level of US intra-firm imports from Emerging Markets, EM, (i.e., imports of MNEs from their foreign affiliates) has increased from 149 billion USD in 2002 to 347 billion USD in 2012. A similar magnitude is observed for US arm’s length imports (i.e., imports of MNEs from third parties in foreign countries). This thesis estimates the responsiveness of US intra-firm and arm’s length imports to Intellectual Property Rights (IPR) protection indicators, “Doing Business” indicators, and to the Global Recession. I use two panel data sets, one covering 332 industries (3-digit NAICS) and 43 emerging countries from 2002 to 2012, the …


The Economic Impact Of Shale Gas Development: A Natural Experiment Along The New York And Pennsylvania Border, Brendan Cosgrove Jan 2014

The Economic Impact Of Shale Gas Development: A Natural Experiment Along The New York And Pennsylvania Border, Brendan Cosgrove

Honors Theses

In the United States, the rapid increase in shale gas production has recently stimulated local economies. This paper investigates the regional economic impact of shale gas development. The border of New York and Pennsylvania provides a natural experiment for its economic impact because of the moratorium on fracking in NY and the supportive fracking regulations in PA. Using BLS data from 2001-2013, results show that shale gas development has a statistically significant impact at the industry level, but not across the entire economy. The findings contribute new evidence to the economic benefits and the boom-bust cycle of shale gas extraction.