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Two’S A Crowd? Implications Of Economic Geography For Corporate Governance, Matthew Farrell

Theses and Dissertations in Business Administration

Although literature on corporate governance and economic geography often explores similar constructs, theories, and other matters, little work has been done examining their joint effects. This two-essay dissertation integrates these literatures in order to partially fill this gap by asking the following research questions:

1.) Do geographic proximity and multiple directorships function as substitutes or complements?

2.) How is the governance of highly innovative firms affected by the presence of Marshallian externalities?

While some scholars suggest that multiple directorships lead to board members neglecting their advisory and monitoring obligations, others have embraced the idea that holding multiple board seats can …

Social Norms And Dishonesty Across Societies, Diego Aycinena, Lucas Rentschler, Benjamin Beranek, Jonathan F. Schulz

ESI Publications

Social norms have long been recognized as an important factor in curtailing antisocial behavior, and stricter prosocial norms are commonly associated with increased prosocial behavior. In this study, we provide evidence that very strict prosocial norms can have a perverse negative relationship with prosocial behavior. In laboratory experiments conducted in 10 countries across 5 continents, we measured the level of honest behavior and elicited injunctive norms of honesty. We find that individuals who hold very strict norms (i.e., those who perceive a small lie to be as socially unacceptable as a large lie) are more likely to lie to the …

Masthead 2022, Dujpew Editorial Board

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

No abstract provided.

Letter From The Editor 2022, Dujpew Editorial Board

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

No abstract provided.

Volume I | Issue Iv | 2022, Dujpew Editorial Board

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

No abstract provided.

Triple (Identity) Threat: Multi-Layered National Identity Appeals In Republican Political Narratives During The 2016 And 2020 Presidential Elections, Brita Mackey

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

National identity, as a broadly constituted social identity category, has been shown to hold power both as a source of political mobilization and as an enforcer of democratic stability. In recent years, Republican voters have reported stronger national attachments than Democrats, perhaps due to national identity’s longstanding implicit associations with white racial identity – and the rising prominence of multiculturalist and globalist ideologies in recent decades. In light of such findings, I propose that the rhetoric of Republican political elites may function to further exacerbate a stronger sense of national identity among their base by appealing to conjoined national and …

Econometric Analysis Of The Relationship Between Domestic Economic Growth And Levels Of Inflow Of Remittances In Developing Countries, Mihail Naskovski

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

The international global migration has produced an exponential growth of remittances, which can be defined as the transfer of funds from one country to another. This study will inspect the macroeconomic impact of remittance inflow on economic growth using panel regression, covering the period from 1981 to 2020 and focusing on a sample of 152 countries, then filtered by 4 geographical regions for additional analysis. Like many studies before, a consensus about an overall effect of the flows on global level could not be reached from his study following the analysis of the general sample. However, on a more specific …

Identifying Potential Pork-Barrel Legislation Using Machine Learning: A Preliminary Analysis, Sunil Green

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

Pork-barrel legislation has been criticized by some as an excessive and potentially corrupt use of Congressional appropriations. The task of finding the specific parts of legislation that have been “pork-barreled”, however, requires many hours of labor by policy researchers. Using data from government watchdogs and machine learning algorithms, the research explores the idea of creating a model to flag specific line items of appropriations bills for policy researchers to further explore as potential pork-barrel legislation. The model constructed uses data from the Earmark Database by Taxpayers for Common Sense, and the Congressional Pig Book by Citizens Against Government Waste to …

Conservatism, Collaboration, And Capacity: Political Explanations For Canada’S Shift In Immigrant Admissions Logic, Jaidyn Appel

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

Canada is often regarded as the United States’ friendlier neighbor to the north, but how welcoming is it really? A critical analysis of immigration and citizenship policy throughout Canadian history reveals that Canada may not be the inclusive member of the world community it is often conceptualized as. This paper examines some of the recent key changes in Canadian immigration policy and their broader contexts, while benchmarking the policies against two leading scholars' thoughts on how the relative presence of certain political ideologies in a country drives its immigration policies to the left or right of the political spectrum. As …

Studying The Economic Impact Of The Demonetization Across Indian Districts, Arnav Joshi

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

This thesis studies the economic impact of the Indian demonetization which was a unique monetary event that made 86.9 percent of the total currency in circulation illegal tender overnight. The decision to demonetize high-value currency notes was taken by the Indian government on November 8th, 2016, leading to a severe shortage of cash. This thesis tries to analyze how the impact of the demonetization differed across districts in India and how the characteristics of those districts pertaining to education, electricity and tap water access, employment, and technology access can help explain these differences. The thesis uses satellite data on human-generated …

Bias In The Jury Box: The Sociological Determinants Of Jury Selection For Capital Cases In North Carolina, Alessandra Quattrocchi

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

An evaluation of four Wake County capital cases from 2014-2018 reveals the disparate effects that the jury selection process had on Black and female potential jurors and especially on Black female potential jurors. The requirement that capital jurors be willing and able to sentence death systematically excluded Blacks and females, with Black females excused for this reason at a rate over three times higher than White males. Black potential jurors not struck for death qualification were disproportionately excluded by prosecutorial peremptory strikes at a rate nearly two times greater than Whites. Final analyses conclude that Black females had significantly lower …

Early Childhood Intervention And Income Inequality: An Analysis On The Intergenerational Mobility Of Head Start Participants, Paul Hinton

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

The Head Start program is an early childhood intervention program funded by the federal government. Designed for low-income families, it promotes school readiness among its participants. In my research, I examine the effects of Head Start on the intergenerational mobility of its participants. Using data from the National Longitudinal Survey of Youth (NLSY79) and the NLSY Child and Young Adult Supplement (CNLSY), I measure the degree of earnings persistence between parents and their children for students in preschool and Head Start. I find that participation in Head Start is associated with an increase in mobility, which remains true after controlling …

“Pure People” And “Corrupt Elites:” Corruption Talk In The 2020 Election, Milan Loewer

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

The word “corruption” has two separate but interrelated meanings. The first kind of corruption refers specifically to an abuse of public office for private gain; the second is broader and indicates a disjunction between a political reality and the ideal to which that reality ought to conform. This paper explores the role of various forms of “corruption talk” in the 2020 presidential election. The first part of the paper examines the “supply side,” looking at the kinds of “corruption narratives” that politicians offered in 2020. Using natural language processing, I analyze how Joe Biden, Donald Trump, and Bernie Sanders spoke …

The Religious Seculars: How Does Yom Kippur Impact Electoral Turnout?, Gall Sigler

Dartmouth Undergraduate Journal of Politics, Economics and World Affairs

Does Yom Kippur impact electoral turnout in religious and secular Jewish communities in Israel? By collecting data on electoral behavior in elections to local councils from 1983 to 2018 in Jewish-secular, Jewish-religious and non-Jewish municipalities, this research attempts to elucidate the relationship between the communal Yom Kippur experience and electoral turnout. This research finds that the Yom Kippur experience appears to decrease turnout in secular municipalities, while no statistically significant impact was observed in religious municipalities. Research on the psychological significance of novelty and religious events, as well as ethnographic analysis of Israel, suggests that the Yom Kippur experience undermines …

Summary Report Of Discussions At The Forum “Nepali Diaspora Organizations In North America: Achievements, Opportunities, And Challenges”, Coppell, Texas, Usa July 2022, Ambika P. Adhikari

Himalayan Research Papers Archive

The forum “Nepali Diaspora Organizations in North America: Achievements, Opportunities and Challenges” was held at the annual convention of the Association of Nepalis in the Americas (ANA) in Coppell, TX, USA on July 2, 2022. Nepalese Society of Texas (NST) hosted the convention and forum. As studies related to diaspora have become important topics in the fields of development, community culture, sociology and anthropology, ANA decided to include this topic in the forums organized at the national convention.

The global Nepali diaspora population in 2022 is estimated at 800,000. Although no authoritative statistics is available, the Nepali diaspora in North …

Climate Change Around The World, Per Krusell, Anthony A. Smith Jr.

Cowles Foundation Discussion Papers

The economic effects of climate change vary across both time and space. To study these effects, this paper builds a global economy-climate model featuring a high degree of geographic resolution. Carbon emissions from the use of energy in production increase the Earth's (average) temperature and local, or regional, temperatures respond more or less sensitively to this increase. Each of the approximately 19,000 regions makes optimal consumption-savings and energy-use decisions as its climate (or regional temperature) and, consequently, its productivity change over time. The relationship between regional temperature and regional productivity has an inverted U-shape, calibrated so that the high-resolution model …

New York Clearing House Association: Overview, Sean Fulmer

Journal of Financial Crises

Between the creation of nationally chartered banks in 1863 and the launch of the Federal Reserve System in 1914, an organization of most New York City banks—originally formed to simplify settling clearing balances—joined together during banking panics to reallocate liquidity and restore market confidence. In the absence of a central bank, this organization, the New York Clearing House Association (NYCH), issued clearinghouse loan certificates (CLCs) that association members could use as temporary cash substitutes for settling clearing balances between banks. CLCs allowed borrowing banks to maintain their cash reserves without costly asset liquidations. The NYCH used CLCs in six crises …

Dividends And Bank Capital In The Global Financial Crisis Of 2007–2009, Viral V. Acharya, Irvind Gujral, Nirupama Kulkarni, Hyun Song Shin

Journal of Financial Crises

The headline numbers appear to show that even as banks and financial intermediaries suffered large credit losses in the Global Financial Crisis of 2007–2009, they raised substantial amounts of new capital, both from private investors and from government-funded capital injections. However, on closer inspection, the composition of bank capital shifted radically from one based on common equity to that based on debt-like hybrid claims such as preferred equity and subordinated debt. The erosion of common equity was exacerbated by large-scale payments of dividends, in spite of widely anticipated credit losses. Dividend payments represent a transfer from creditors (and potentially taxpayers) …

Common Ownership In Labor Markets, José Azar, Yue Qiu, Aaron Sojourner

Upjohn Institute Working Papers

In this paper, we study common ownership in U.S. labor markets, and document that common ownership more than doubled over the period 1999–2017. To identify the causal effects of common ownership on labor market outcomes, we use a firm’s addition to the S&P 500 index as a shock to the common ownership of its competitors in local labor markets. Using a matched difference-in-differences analysis, we find that, after a firm enters the S&P 500 index, the average annual earnings per employee of its local competitors decrease relative to the counterfactual. The effect of S&P 500 index additions on employee earnings …

Pengaruh Pembiayaan Dalam Era Presiden Jokowi Dan Sby Pada Tahun 2010-2019 Terhadap Pemerataan Peningkatan Pembangunan Jalan Di Indonesia, Dhini Rizky Prasedyawati, Nining Indroyono Soesilo

Jurnal Kebijakan Ekonomi

This study aims to find quantitative empirical evidence on the Effect of Financing in the Era of Presidents Jokowi and SBY from 2010 to 2019 on the Equitable Improvement of Road Construction in Indonesia. The analysis was carried out using panel data regression and common effect method, with the unit of observation being 11 provinces in Indonesia over a period of 10 years, during from 2010 to 2019. The dependent variable in this study is the length of the national road, while the independent variables are the APBN, Foreign Loans, Population, GRDP, the leadership dummy and the regional dummy. After …

Hybrid U-Net: Semantic Segmentation Of High-Resolution Satellite Images To Detect War Destruction, Shima Nabiee, Matthew Harding, Jonathan Hersh, Nader Bagherzadeh

Economics Faculty Articles and Research

Destruction caused by violent conflicts play a big role in understanding the dynamics and consequences of conflicts, which is now the focus of a large body of ongoing literature in economics and political science. However, existing data on conflict largely come from news or eyewitness reports, which makes it incomplete, potentially unreliable, and biased for ongoing conflicts. Using satellite images and deep learning techniques, we can automatically extract objective information on violent events. To automate this process, we created a dataset of high-resolution satellite images of Syria and manually annotated the destroyed areas pixel-wise. Then, we used this dataset to …

A General Equilibrium Assessment Of Covid-19’S Labor Productivity Impacts On China’S Regional Economies, Xi He, Edward J. Balistreri, Gyu Hyun Kim, Wendong Zhang

Department of Economics: Faculty Publications

This study introduces a database for analyzing COVID-19’s impacts on China’s regional economies. This database contains various sectoral and regional economic outcomes at the weekly and monthly level. In the context of a general equilibrium trade model, we first formulate a mathematical representation of the Chinese regional economy and calibrate the model with China’s multi-regional input-output table. We then utilize the monthly provincial and sectoral value-added and national trade series to estimate COVID-19’s province-by-month labor-productivity impacts from February 2020 to September 2020. As a year-on-year comparison, relative to February 2019 levels, we find an average 39.5% decrease in labor productivity …

Essays On Economic Geography And Development Economics, Yao Wang

Dissertations - ALL

This dissertation comprises two papers studying economic geography in a developing country context. Chapter 1 quantifies the effects of cultural barriers on internal migration and welfare in Indonesia. I estimate internal migration gravity using linguistic distances as a proxy for cultural barriers and instrument for current linguistic differences using data from the 1930 colonial census. I find inverted U-shaped effects of linguistic distance on migration, which are more prominent for unskilled and older populations. To quantify welfare and distributional implications of linguistic barriers, I further develop a quantitative spatial model with heterogeneous skill groups, incorporating linguistic distance as migration and …

Externalities In The Housing Market And Agglomeration Economies, Yifan Wu

Dissertations and Theses Collection (Open Access)

This thesis studies the externalities in the housing market and agglomeration economies. While knowledge-based externalities, or knowledge spillovers are one of the most important micro-foundations of agglomeration economies, the first chapter studies how knowledge spillovers from universities affect local innovation activities. In the second chapter, we propose a high-order spatiotemporal autoregression approach to study the externalities in the housing market. The third chapter studies another important but under explored aspect of the agglomeration economies – the role that marriage market plays in providing incentives to promote urbanization, along with the unique feminization phenomenon during this process.

The first chapter studies …

Infrastruktur Transportasi Dan Kinerja Ekspor Dari Tiga Kelompok Komoditas Indonesia, Adrian Pandhito Daniswara, Mohamad Ikhsan

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to assess the impact of road and port infrastructure quality of Indonesia and its trade partners, on Indonesia’s export performance in total as well as on three commodity groups, consisting of mineral, base metals, and manufactured products. Using the Gravity Model with panel data from bilateral export value with 18 largest trade partners in 2007 to 2018, this study found that the proxy of transportation infrastructure quality of both countries are significant and positively impact Indonesia’s total export performance. This study also found that better transportation infrastructure quality has stronger impacts on base metals and manufactured products …

Attenuation Of Agglomeration Economies: Evidence From The Universe Of Chinese Manufacturing Firms, Li Jing, Liyao Li, Shimeng Liu

Research Collection School Of Economics

This paper quantifies industry-specific spatial attenuation of agglomeration economies by taking advantage of unique geocoded administrative data on the universe of Chinese manufacturing firms. The estimates of industry-level attenuation speed further allow us to systematically assess the goodness of fit of various spatial decay functional forms and to evaluate the micro-foundations that govern the decay patterns across industries. We obtain three main findings. First, agglomeration spillovers attenuate by about 90 percent on average from 0-1 km to 1-5 km in China, with large heterogeneity in the extent of attenuation ranging from 73 percent to 116 percent across industries. Second, the …

Organizing Economies: Narrative Sensemaking And Communciative Resilience During Economic Disruption, Timothy Betts

USF Tampa Graduate Theses and Dissertations

This dissertation unites organizational communication, and economic theory to understand how individuals make sense of economic crises, imbed power and logic in those understandings, and construct new economic realities in the aftermath of crisis. Contra economic orthodoxy, this project conceives of economy and economics as a social construct. As a social construct, individuals organize economy and economics through discourse, make sense of through narrative, and rebuild through communication. This dissertation combines different theoretical perspectives—actor-network theory, antenarrative organization theory, and the communication theory of resilience—to recenter social scientific accounts of economic reality around communication, story, and power.

Specifically, I focus on …

Working Paper No. 55, An Inquiry Into The Assumptions And Tenets Of Neoclassical Economics That Lead Towards Income Inequality, Katharine Nester

Working Papers in Economics

This inquiry seeks to establish that key assumptions foundational to Neoclassical Economics contribute towards income inequality. A consideration of the Neoclassical interpretation and assumptions of the laissez-faire approach to market economies opens the inquiry. I examine the economic outcomes that result when the assumptions underpinning the Neoclassical application of laissez-faire are false, as they often are in the real world. The inquiry then turns to the theories and natural “laws” as advanced by Vilfredo Pareto (1848-1923) and John Bates (J. B.) Clark (1847-1938), which were built upon the Neoclassical adaptation of laissez-faire and became canon in the Neoclassical school. Finally, …

Spatial Effects Of Broadband Infrastructure On China’S Regional Innovation, Guomin Li, Liang Ding, Sheng Chen, Tufan Tiglioglu

Pennsylvania Economic Review

This paper empirically studies the impact of broadband infrastructure on regional innovation and the related spatial effects, using China's provincial data from 2006 to 2016. The findings show that China’s broadband infrastructure positively impacts regional innovation, indicating a significant spatial spillover effect among adjacent regions. The results of the panel SARAR model indicate that broadband infrastructure has a national wide space aggregation effect and further suggests that regionally, broadband infrastructure will significantly absorb innovation from the adjacent region and promote the spatial aggregation of innovation in economically developed areas.

Can Blended Learning Address Indian Academic Issues?, Vijay Joshi, Sukanta K. Baral

International Review of Business and Economics

Over the years, India has implemented social reforms aimed at providing education to all. This is observed from the growth in GER (Gross Enrollment Ratio) over the years that has resulted in a decrease in the number of students absent in schools. Coronavirus, nonetheless, has disturbed this scenario and is testing the functions, efficiencies, and practices of India's schooling framework. This research paper, written for stakeholders in government, and the education sector, anticipate the extent to which there is a need of continuing the imparting of education. The main objective of this paper is to provide an overview of the …