Digital Commons Network^™

The Social Impact Of Unconditional Cash Transfer: A Quasi-Experimental Approach, Andar Ristabet Hesda

Bulletin of Monetary Economics and Banking

This study investigates the social effects of the unconditional cash transfer program and analyzes the underlying mechanism. The empirical analysis indicates that those who consistently participated as program beneficiaries own greater social capital than those who did not maintain continuous enrollment in the program. One mechanism of this impact is enhanced personality, particularly in social behavior. Furthermore, the characteristic of social capital most impacted is heightened participation in communal activities. This study indicates that the program neither displaces private aid nor promotes altruism. These data contradict the claim that the targeted cash transfer program could incite societal discord by fostering …

Disclosure And The Pace Of Drug Development, Colleen Cunnningham, Florian Ederer, Charles Hodgson, Zhichun Wang

Cowles Foundation Discussion Papers

Policies that mandate disclosure of innovative project outcomes aim to increase innovation by limiting wasteful duplicative innovation. Yet, such policies change not only the ex-post information environment but also firms' ex-ante innovation incentives. Firms may slow down their own innovation efforts in anticipation of increased disclosure by others. We examine the innovation-related impacts of the 2017 FDA Final Rule amendment, which mandates disclosure of clinical trial results for pharmaceutical firms. We show that the policy hastened and increased disclosure of results for clinical trials post-completion, but also increased the time to completion of clinical trials, the time between early phases …

Teaching Inquiry: A Guiding Template Fosters Critical Thinking, Barbara D. O'Donnell, Abigail C. Schwent

The Councilor: A National Journal of the Social Studies

This article provides a supportive way to address the marginalization of social studies by teaching inquiry through the use of a template. Inquiry based learning encourages students to make real-world connections by engaging in problem solving and exploration through research. It fosters higher level skills like critical thinking, evaluation, and synthesis of knowledge through experiential learning (Bell, Urhahne, Schanze and Ploetzner 2009). Using inquiry to investigate social studies topics encourages the use of sources from diverse perspectives to understand the complete picture of the event being researched. Teaching social studies through inquiry is a daunting task due to multiple obstacles …

Do Older Americans Work More When Their Housing Wealth Declines?, Brian J. Asquith

Upjohn Institute Policy and Research Briefs

No abstract provided.

Cost Of Living For Older Adults (65+) In Mountain West Metropolitan Statistical Areas, 2024, Anirudh Polagani, Annie Vong, Mohit Pande, Olivia K. Cheche, Caitlin J. Saladino, William E. Brown Jr.

Demography

This fact sheet explores 2024 cost of living data for adults over the age of 65 in the largest metropolitan statistical areas (MSAs) across five Mountain West states: Arizona, Colorado, Nevada, New Mexico, and Utah. The data are sourced from the “Elder Index,” a dashboard that focuses on housing, healthcare, food, transportation, and miscellaneous expenses that collectively reflect the monthly expenses for those over the age of 65. This fact sheet focuses on five MSAs in the Mountain West: Phoenix-Mesa-Chandler, AZ; Denver-Aurora-Centennial, CO; Las Vegas-Henderson- North Las Vegas, NV; Albuquerque, NM; and Salt Lake City-Murray, UT.

Native American Tribes And Federal Grant Funding In The Mountain West, Fy2023-2025, Isabelle G. Graham, Maisoon Faris, Dre Boyd-Weatherly, Olivia K. Cheche, William E. Brown Jr.

Elections & Governance

This fact sheet presents state-level data on the impact of a federal government-wide funding freeze affecting Native American Tribes, focusing on the Mountain West states of Arizona, Colorado, Nevada, New Mexico, and Utah. The data are derived from the Brookings Institution’s “A federal grant freeze could disrupt over $24 billion to Native American communities and undermine US obligations to Tribes” brief, which reports data from USAspending. The original report provides data on the federal government’s obligations, outlays, and remaining balances owed to Native American Tribes for all 50 U.S. states and the District of Columbia.

4 Of 4: Impact Of Policy And Technological Factors On Ai Innovation And Investment: The 2b Model Service Industry, Siyuan Ma, Mengyu Wang, Tianyi Zhang

Sim Kee Boon Institute for Financial Economics

This case explores AI investment opportunities in 2B model services, particularly in sectors that intrinsically benefit from the reduction in human error. We will analyse applications in the legal industry as an example of overarching 2B model service trends.

2 Of 4: Impact Of Human Resource Factors On Ai Investment: Ai In The Human Resource Market, Siyuan Ma, Mengyu Wang, Tianyi Zhang

Sim Kee Boon Institute for Financial Economics

This case will explore the implications that AIGC trends have on the development of the Chinese Human Resource (HR) market. While previous generation internet products were based on common needs and provided standardized products, the development of large AI models has opened doors to personalized custom products and services. Take AI applications in online education as an example: AI education models are developing to tailor to individual needs, since almost everything is not only digitalised but also based on dynamic database analysis for each user, including traffic distribution, sales conversion and service evaluation.

1 Of 4: Aigc Technology And Applications: Policy And Industry Development, Siyuan Ma, Mengyu Wang, Tianyi Zhang

Sim Kee Boon Institute for Financial Economics

This case explores the investment opportunities of AIGC by combining the core technological value and industrial application status of generative AI. We then analyse the impacts of these large-scale sectoral changes in a study of AI in China’s energy industry. We are currently in the early stage of the generative AI industry, thus it is analysed more from the perspective of early value investment, including trend investment opportunities brought by macro cycles, inflection point investment opportunities brought by industry transformation and application, and value creation brought by disruptive innovation. The early investment in the Chinese market is also at a …

Orthostatic Hypotension In Older Adults And Its Economic Impact On The Healthcare System: A Systematic Literature Review, Olushola E. Ilogho, Jennifer Broyles, Viet Le, Denise Rizzolo

Lynchburg Journal of Medical Science

ABSTRACT

Orthostatic Hypotension (OH) has been shown to lead to poor quality of life, falls, and death. Literature suggests that falls from OH may be preventable, therefore opportunities to reduce its associated cost to the healthcare system exist. This literature review aims to evaluate the importance of diagnosing and treating OH in older adult patients. OH is the drop in blood pressure upon changing to an upright position. This acute hemodynamic drop in blood pressure causes hypoperfusion in the brain, leading to dizziness, syncope, and falls. An extensive literature search for publications in PubMed and Cumulative Index in Nursing and …

Anti-Union Regulation And The Opioid Crisis, Kelly Chen, Samia Islam

Economics Faculty Publications and Presentations

Existing literature provides ample evidence of the detrimental impact of de-unionization on various determinants of individual health. However, there is a lack of direct empirical research linking de-unionization to objective health outcomes. By leveraging the differential timing of Right-to-Work law implementation across four states in the United States, we quantify the role of union presence in opioid misuse. Using a synthetic control method, our analysis reveals a persistent decline in unionization rates in the affected states within 4-6 years of RTW enactment. This reduction precipitated a considerable increase in both nonfatal and fatal overdoses, as measured by opioid-related treatment admissions …

Technical Appendix: Analysis Of Innovation Applications And Value Driven By Aigc Technology—An Early Investment Perspective In The Chinese Market, Siyuan Ma, Mengyu Wang, Tianyi Zhang

Sim Kee Boon Institute for Financial Economics

Following the introduction of generative AI/AIGC concepts and applications, it is necessary to clarify two related technical concepts: machine vision (CV) and convolutional neural networks (CNN). Computer Vision (CV) is a discipline that studies how to convert inputs such as images, sounds, and videos into a language that computers can understand. Taking 2D images as an example, all images can be broken down into very small pixels, each of which can be converted into a number (based on grayscale) or a combination of numbers. The number represented by each pixel is the feature of that pixel, and combining these numbers …

The Motherhood Penalty On Health: Evidence From China, Ang Sun, Fang Xia, Xuan Zhang

Research Collection School Of Economics

Understanding women’s physical and mental well-being following childbirth is critical for informing policies on labor market equity, family support, and fertility. Using event study methods and panel data from China, we document a persistent motherhood penalty in both physical and mental health, whereas the health impacts on fathers are minimal. While mothers experience a temporary reduction in paid work hours, they face a sustained increase in unpaid domestic labor — housework and childcare — resulting in a net increase in total work time. This additional workload likely contributes to deterioration in health. Mothers are also more likely to engage in …

Do Financial Concerns Make Workers Less Productive?, Dua Khowaja

2025 Fall Honors Capstones Projects - Archive

Financial stress does not just affect people’s finances; it can change the way individuals behave. This project asks whether short-term financial difficulty damages worker performance or if alleviating it improves focus and accuracy. Using data from a field experiment in rural India, this study examine how labor payment timing variability is related to workers' productivity and error rates. The study randomized payment dates across a sample of employees, so that employees paid early can be compared to employees paid on standard or later dates. It investigates whether subsidy of payments relieves stress and enhances task performance by minimizing stress, enhancing …

The Economic Impact Of The Soda City Market In Columbia, Sc, Sarah E. Lillard

Senior Theses

This study examines the role of Soda City Market in the economic and social revitalization of Columbia, South Carolina’s Main Street district. Since relocating downtown in 2012, the market has evolved from a small farmers market into a major cultural and entrepreneurial hub attracting more than 300,000 visitors annually. To evaluate its impact, the study integrates two primary methods: a vendor survey capturing business characteristics and an IMPLAN input–output model estimating the market’s economic effects within Richland County. Survey results from 25 vendors reveal a diverse and culturally representative business community in which Soda City serves as both an incubator …

Evaluating The “What’S Up Down South” Economic Summit: Accelerating Growth And Expanding Impact, Paul A. Hill

Outcomes and Impact Quarterly

This study evaluates the effectiveness of the 2025 What’s Up Down South economic summit, a platform for regional economic development. Data were collected through an online exit survey with a 30% response rate (n = 176), incorporating quantitative ratings and open-ended feedback to assess learning outcomes and program quality. The evaluation examined attendees’ perceptions of keynote and breakout sessions, overall satisfaction, and suggestions for improving the event. Findings indicate that the summit delivered valuable economic insights and programming while citing opportunities to improve speaker diversity, event logistics, and data collection. These insights will guide future planning to sustain the summit’s …

Aging In America: Implications For Family Resource Management, Becky Smith, Portia Johnson, Brandan Wheeler, D E Kiss, Ann A. Berry

Journal of Human Sciences and Extension

The Stanford Center on Longevity reports life expectancy has surged over the last 120 years. Unfortunately, living longer may not equate to living with a higher quality of life without considering the amount, type, and uses of all resources available to individuals and families as they age. Family Resource Management (FRM) is the science and art of how individuals and families make decisions to develop and allocate resources, including money, time, energy, space, material, and health assets, and networks of support to meet their goals. Living longer means making more decisions and developing and allocating more resources to enhance the …

‘Invest!’: Liberty Bonds And Stock Ownership Over The Twentieth Century, Gillian Brunet, Eric Hilt, Matthew Jaremski

Economics: Faculty Publications

The Liberty Bond drives of World War I were nation-wide interventions aimed at increasing financial literacy and associating bond ownership with patriotism. Using data from the first year of the Survey of Consumer Finances, 1947, through 1971, we investigate whether exposure to the drives shaped investing behavior over the long run. We find that households residing in counties that had high Liberty Bond participation had greater stock and bond ownership rates in later decades, and held more favorable opinions towards retirement saving and stock investment. These effects are present only among cohorts actually exposed to the bond drives, and not …

Educational Pathways In East Texas: The Smartest Decisions, Manuel Reyes-Loya, Cecilia Cuellar, Sara Maldonado

Hibbs Brief

This Hibbs Brief examines how educational pathways affect careers and earnings in East Texas. It finds that bachelor's degrees generally lead to higher lifetime earnings, while associate degrees and certificates provide quicker, more affordable routes into in-demand jobs. East Texas trails state and national averages in degree attainment, which may limit economic growth. The brief emphasizes that choosing the right educational path depends on personal goals and local labor market needs.

Montana Folk Festival 2025, Butte, Montana, Rachel Baer, Ava Worbets, Kika Bradford

Institute for Tourism and Recreation Research Publications

This study was conducted for the Montana Folk Festival to provide insight into the characteristics of attendees of the 2025 Montana Folk Festival. 968 attendees from the event completed the survey. Results show that 80% of respondents were residents of Montana, of which 37% were from Butte-Silver Bow County. Out-of-county respondents spent an average of 4.5 nights in Montana, reporting a total spending of $263,194.25, mostly in hotel/motel/bed and breakfasts and restaurants/bars. Results provide event organizers with useful data for future event planning, making improvements to the event, event marketing/promotion, and understanding the visitor spending associated with the event.

Pandemic-Driven Healthcare Disruptions And Their Disproportionate Impact On Patients With Diabetes: Evidence From Texas, Meryem Saygili, Gultekin Gollu, Zehra Tekin

Economics Faculty Publications and Presentations

Background: Diabetic Ketoacidosis (DKA) is a life-threatening complication of uncontrolled diabetes. The COVID-19 pandemic may have increased DKA incidences and worsened outcomes both through the potential diabetogenic effects of SARS-CoV-2 infection (direct effect) and through pandemic-related disruptions in healthcare (indirect effects,) including delays in seeking or receiving care, reduced access to routine outpatient services, and strains on hospital capacity. The objective of this study is to examine changes in the frequency and outcomes of hospitalizations with DKA in Texas hospitals following the COVID-19 pandemic and to quantify the contributions of pandemic-related healthcare disruptions and SARS-CoV-2 infection. Comparisons to patients with …

**Human Capital Migration And International Trade: A Comparative Case Study Of Germany And Austria, 2000 To 2024**, Jahnvi Jha

2025 Fall Honors Capstones Projects - Archive

This study examines migration of people and international trade in Germany and Austria between 2000 and 2024. Both countries saw sharp rises in immigrant populations, with foreign-born residents reaching 18 percent in Germany and 22 percent in Austria, while their exports grew to record levels. The research explores whether human capital migration like workers bringing skills, education, and networks has complemented or substituted trade. Evidence shows migration often reduces barriers to commerce by creating trust, demand for home-country goods, and professional connections. Skilled workers in high-tech industries further boost export capacity. Contrary to fears that migrants might weaken competitiveness, the …

In The Hull Of The Uss Disregard: An Analysis Of Secretary Of State Cordell Hull’S Execution Of Foreign Policy In East Asia And The Precipitation Of Armed Conflict Between Japan And The United States, Eric B. Hawkins

Theses

The political career of Cordell Hull was motivated primarily by trade policy and the courting of Central America through the negotiation of reciprocal trade treaties that helped stabilize, for the most part, the entire Western Hemisphere. He was an obvious choice for Roosevelt’s cabinet to address economic instability. But why was he chosen for Secretary of State? The Open Door Policy, adopted by many Western nations in East Asia during the early 20th century, was a petri dish primed for the growth of political strife and international conflict. With the warnings from Hull’s predecessor, Henry Stimson, placed on the back …

Alfred Russel Wallace Notes 38. Alfred Russel Wallace's "Revolt Of Democracy": A Critical Analysis Of Early 20th Century Labor Theory And Its Contemporary Relevance, James Williams, Charles H. Smith Editor

Faculty/Staff Personal Papers

This article examines Alfred Russel Wallace’s political treatise The Revolt of Democracy (1913), analyzing his theoretical framework for addressing labor unrest and economic inequality in early 20th-century Britain. Wallace's work presents a comprehensive critique of competitive capitalism and proposes systematic government intervention to address structural poverty. Through close textual analysis and comparison with contemporary UK labor conditions, this study evaluates the enduring relevance of Wallace's economic theories and policy prescriptions. The analysis reveals significant continuities between early 20th-century and contemporary debates about living wages, government employment standards, and wealth redistribution, while highlighting both the prescience and limitations of Wallace’s analytical …

Product Technology Adoption And Aggregate Innovation, Qiugu He, Xuan Luo, Fan Zheng

Research Collection School Of Economics

We document that a firm's research and development (R&D) expenditure depends on its product diversity. Combining with the fact that Chinese manufacturers often enter new product markets via technology adoption, we develop a quantitative framework of innovation and technology adoption, allowing firms to expand their product scopes. Firms adopt technologies across multiple fields to expand their knowledge base, which in turn serves as an input for subsequent innovation or adoption. Counterfactual analysis from the 2000s reveals that two-thirds of knowledge privately held by all firms is generated through adoption, accounting for one-third of aggregate innovation.

Message In A Bottleneck: Supply Chain Disruptions And Manufacturing Output In The United States, Raja N. Kali, Gu K. Jingping, Erica J. Neuyou

Economics Faculty Publications and Presentations

We examine the effect of container shipping disruptions on US manufacturing output before and during the Covid-19 pandemic. We augment maritime trade with a global production network model, where the reliability of container logistics is critical for the on-time and full availability of inputs and the delivery of output to foreign markets. We combine a US container shipping reliability dataset with input-output and trade data to construct a novel supply chain disruption index that captures the integration of upstream and downstream linkages of the US manufacturing sector into the global supply chain. Our findings suggest that a one-unit shock leads …

Building Reputation: State-Sponsored Rebellions And Transnational Identities, Marion Mercier, Arthur Silve, Benjamin Tremblay-Auger

ESI Working Papers

States sometimes back rebellions abroad to signal resolve. We study this reputation-building logic in international relations, focusing on co-ethnic links between countries as an objective source of variation in a state’s incentives to demonstrate resolve. We formally derive two interconnected predictions from the mechanism: (a) a state is more likely to endorse the uprising of a foreign group when facing a larger audience, resulting in (b) greater political inclusion for the group. We build a comprehensive panel dataset of co-ethnic rebellion sponsorship, and find evidence consistent with both predictions.

Eco 4000 – Statistical Analysis For Economics And Finance [Syllabus], Dmytro Dushko

Open Educational Resources

The course introduces econometric techniques that are useful for conducting empirical analyses in economics and finance. Its purpose is to enable students to master these concepts and successfully complete an independent empirical project. The course will be structured into three roughly equal parts: the first part will cover probability and sets, providing a foundation for statistical reasoning; the second part will focus on statistics, delving into quantitative methods for analyzing economic data; and the third part will introduce econometrics, emphasizing linear models that establish relationships between two or more variables of interest. We will explore linear models from both theoretical …

A Debt To Whom? The Nature Questions In Sino‑Sri Lankan Development Narratives, Orlando Woods, Kanchana Ruwanpura, Loritta Chan, Barnabas Mah

Research Collection College of Integrative Studies

This chapter critically examines dominant narratives around Sri Lanka’s debt and development in the context of Sino‑Sri Lankan relations and the Belt and Road Initiative, questioning assumptions about “debt‑trap” explanations and highlighting how narratives about development, nature and agency shape understanding of the country’s economic and ecological futures.

Weak Identification Of Long Memory With Implications For Volatility Modeling;, Jia Li, Peter C. B. Phillips, Shuping Shi, Jun Yu

Research Collection School Of Economics

This paper explores implications of weak identification in common ‘long memory’ and recent ‘rough’ approaches to modeling volatility dynamics of financial assets. We unveil an asymptotic near-observational equivalence between a long memory model with weak autoregressive dynamics and a rough model with a near-unit autoregressive root. Standard methods struggle to distinguish them, and conventional asymptotics are invalid. We propose an identification-robust approach to construct confidence sets that reveal the uncertainty and aid inference. Empirical studies based on realized volatility and trading volume often fail to statistically reject either model, thereby providing evidence of their potential coexistence.