Economics Commons^™

New Institutional Economics: Political Institutions And Divergent Development In Costa Rica And Honduras, Maynor Alberto Loaisiga Bojorge

Honors Projects

For most of their histories, Costa Rica and Honduras were primarily agricultural societies with little economic diversification. However, around 1990, after the implementation of Washington Consensus reforms, the economies of both nations began to diverge. Costa Rica’s economy rapidly expanded for the following 30 years, while Honduras remained stagnant. Through a New Institutional Economics approach, I argue that institutional differences between Costa Rica and Honduras are responsible for the impressive economic growth Costa Rica has been able to achieve in the past few decades. Specifically, early political developments in Costa Rica have deeply imbedded relatively egalitarian values into the population, …

Slavery, Migration, And Local Development In The Western Us, Colin Q. Sharpe

Theses and Dissertations

This paper examines the effects of migration from eastern slave states in the 19th century on the subsequent development of counties in the Western US. I find that increased migration from slave states has a large, statistically significant negative effect on 2010 income, and no significant effect on racial inequality or overall income inequality. These findings are robust to a variety of specifications, including controls for geographic factors, state fixed effects, and various county level social and economic conditions. Data on individual migrants suggest that the cause of the negative income effect is the lower average human capital endowment of …

From The Classical School To Today: The Evolution Of Stagnation Theories, Francis J. Lukacovic Ii

Applied Economics Theses

The purpose of this thesis is to study the theory of secular stagnation, which was made famous by the American Keynesian economist Alvin Hansen in his book Full Recovery or Stagnation. The theory of secular stagnation has reappeared in economic circles today due to recent economic conditions since the financial crisis of 2007-2008. The thesis will analyze the history of the stagnation theory dating back to Classical economists in the 19^th century. The concept of a stagnating economy has been talked about for centuries with many economists adding important thoughts. Furthermore, the thesis will address the current questions and …

The Reliability Of Chinese Economic Statistics, Lili Yu

Electronic Theses and Dissertations

China's rapid economic growth over the past three decades has drawn attention from all over the world. The sources and reliability of the official statistics behind the tremendous growth have been the subject of heated debate among economists. This paper contributes to this data reliability debate by analyzing on the GDP statistics of China and seeks to establish whether or not the official data are valid.

This study begins with a review of the prominent research on the topic. The majority of these studies, reviewed in chapter two, point to a series of inherent contradictions in the official figures, which …