Digital Commons Network^™

Indirect Cost Cap: Perspectives On Efficiency, Waste, And Equity, Neel B. Patel, Lakshman Segar

Rowan-Virtua Research Day

Background: On February 10, 2025, the NIH enacted a 15% cap on indirect costs, reallocating $4 billion from institutional overhead to direct research within a $35 billion funding framework. The policy follows longstanding concerns about unchecked growth and inefficiencies in indirect cost reimbursements, which rose from 15% in the 1950s to over 70% at some institutions by the 1990s. Notable examples include a $200 million overcharge at Stanford and millions in questionable expenditures identified in federal audits.

Objective: To evaluate the financial, operational, and equity-related impacts of the NIH’s indirect cost cap on U.S. research institutions.

Methods: …

The Impact Of Green Credit Ratio On Return On Assets, Liao Wang

All Theses

How does the green credit ratio affect a bank return on assets? This study uses panel data from 2012 to 2019, covering 18 large banks in China, including 6 state-owned banks and major 12 important joint-stock and city commercial banks. I use regression models to measure the effect of the green credit ratio (GCR) on return on assets (ROA) and return on equity (ROE), and we focus on how bank ownership and fixed effects matters.

The results show that the effect of green credit ratio (GCR) on ROA depends on the model design. When bank fixed effects are included, green …

The People's Ledger: Reform Or Revolution?, Kostantinos R. Grigoras

Applied Economics Theses

The ramifications of the 2007-08 financial crisis, the later Covid-19 pandemic, and the technological developments surrounding cryptocurrencies and digital ledgers have led to increasingly explicit political views on banking apart from dominant mainstream economic narratives. As such, a widening range of authors from varying perspectives have sought to contribute a “programmatic vision” to the set of changes they assert as necessary in the current financial system. Saule T. Omarova’s (2021) controversial article, “The People’s Ledger: How to Democratize Money and Finance the Economy,” and the resulting political reaction to its goal of advancing such a programmatic vision in order to …

The Economic Impact Of The World Of Winter Festival 2025, Grand Valley State University, Christian Glupker

Other Faculty Publications

The World of Winter 2025 festival (WoW) is estimated to have generated or supported economic benefits for the city of Grand Rapids in the following ways:

• The total economic impact on the Grand Rapids area is estimated at $38 million in economic output, supporting 335 jobs.
• The total annual fiscal impact (tax revenue) of WoW is estimated at $311,000 for municipalities and $238,000 for Kent County.
• WoW attracted 2.3 million visitors, with 67% visiting from outside the local region.
• 44% of local visitors and 55% of all nonlocal visitors stated that WoW was their primary reason for visiting the area. …

The Influence Rural Leaders Have On Local Population Change: A Two-Part Study, Nichole T. Reiner

Dissertations and Doctoral Documents, University of Nebraska-Lincoln, 2023–

This two-part research study aims to understand factors that influence a rural community population and how local leaders believe they can influence those factors to impact population changes. The first study focuses identifying factors that predict population change using a linear regression model. The second study is a multiple case study focused on three communities, where a mix of secondary data and community leader interviews provided an in-depth understanding of how local leaders perceive their capacity to influence factors influencing population change in their communities.

Advisor: LJ McElravy

Sociological Understandings Of Entrepreneurial Action And Intention, Jeffrey Cavanaugh

Dissertations and Doctoral Documents, University of Nebraska-Lincoln, 2023–

Entrepreneurship as a trend has emerged across many different disciplines, drawing on theory from psychology, economics, and sociology. Importantly, sociologic aspects of entrepreneurship remain hidden from scholarship, as existing topics are often vague or narrowly partitioned. In my dissertation, I utilize sociological understandings of human interactions which define entrepreneurial intention and action. Specifically, I explore how entrepreneurs’ religion, rurality, and social media use influences their behaviors. Throughout these three quantitative essays, I contribute to a better understanding of the social psychology of entrepreneurship, and why entrepreneurial pursuits are so intricately linked to every aspect of society. Throughout my research, which …

Cares Act And Income Inequality In The Long Run, Kathleen Washington

Honors Program: Senior Projects (Public)

In this paper, I will be looking at how the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a revolutionary public policy, led to income inequality decreasing during the Covid-19 pandemic in the US. Additionally, from the data available, the CARES Act seems to not have had any long run effects on income inequality in the US. Although, I would recommend more research on the CARES Act’s long-run effects when more data become available as time passes.

The Impact Of Remittances On Children’S Educational Outcomes: The Case Of India, Neha Reddy Kalwala

Honors Theses

This paper investigates whether children in Indian households receiving more remittances have better educational outcomes. India is the world’s largest recipient of remittances and is characterized by a unique socioeco- nomic and demographic context that makes any educational improvements or disparities particularly impactful on global education metrics. Using panel data from the India Human Development Survey, I employ OLS and logit regressions with household fixed effects, a difference-in-differences strategy, and a Heckman selection model. Two measures of educational outcomes are analyzed: weekly hours spent at school and school enrollment. Findings suggest that an increase in remittances leads to a higher …

Food Security In Mauritius, Luke Hubbard

Economics Undergraduate Honors Theses

Located over 600 miles off the East coast of Madagascar, Mauritius is an island nation with a population of over 1.2 million people. In the summer of 2023, I had the opportunity to travel to Mauritius and conduct a representative food insecurity survey alongside other University of Arkansas and University of Mauritius students and professors. With more than 400 surveys in over 80 locations, we gathered data in every district on the primary island of Mauritius. The group used a survey based on the standard USDA question list and compiled the results to find that the population of Mauritius had …

Housing Prices & Labor Shortages: The Role Of Land Use Regulation, Rhys T. Cooper

Boise State University Theses and Dissertations

In this analysis, I examine the impact of housing prices on labor shortages by estimating the effects of monetary policy shocks and land use regulation (LUR). In the wake of the COVID-19 pandemic, housing prices and labor shortages have increased across the U.S. Using regional data on job postings, available workers, housing prices, LUR, and nations monetary policy shocks, I estimate the relationship between LUR, monetary policy, and labor shortages though a difference-in-differences continuous treatment model estimated through local projections. The interaction between LUR and monetary policy is leveraged to address the endogeneity between housing prices and labor shortages. My …

Missing Piece Of The Pie: Public Expenditure On Education In Colombia, Ashante Gallimore

Economics

Public expenditure on education in Colombia is a crucial driver of socioeconomic development, with government investments that are aimed at improving access, quality, and equity across all levels of education. This thesis examines how these funds are distributed by analyzing whether financial resources are concentrated in wealthier areas or equitably distributed between wealthier and less fortunate Colombian regions. Using a comparative qualitative analysis, this study examines the sources of educational funding, the decision-making processes behind allocation, and how schools make use of their resources. A particular focus is on why primary education receives a larger share of funding compared to …

Estimation And Testing In A Fixed Effects Panel Data Model With Serially Correlated Error Component Disturbances, Badi H. Baltagi, Long Liu

Center for Policy Research

This paper revisits the fixed effects panel data model with AR(1) remainder disturbances and provides a bias corrected estimator for the serial correlation coefficient based on first differencing the panel regression to get rid of the fixed effects. This bias corrected estimator builds upon the estimator proposed by Han and Phillips (2010). Asymptotic properties as well as Monte Carlo results are provided that show the better performance of this new proposed bias corrected estimator. This is extended to the unbalanced panel data case and also illustrated using the empirical application in Donohue and Levitt (2001).

Evaluating Factors Of Coach Compensation In Ncaa Division I Fbs College Football, Ethan Vest

Honors Theses

This paper investigates the determinants of college football coach compensation, specifically examining whether individual coach characteristics or institutional characteristics play a greater role in compensation. Using six fixed effects regression models, I compare model performance using R-Squared, Adjusted R-Squared, Bayesian Information Criterion (BIC), Akaike Information Criterion (AIC), and subset F-tests. The results indicate that the school at which a coach is employed has a larger impact on compensation than individual identity. Further, lagged win percentage is found to be a significant variable on compensation, indicating that coaches negotiate their contracts in the off-season based on their performance in the previous …

The Impact Of Corporate Profits On Gdi Estimates: Forecasting And Data Revisions, Peterson Haas

Honors Theses

The National Income and Product Accounts (NIPAs) produced by the U.S. Bureau of Economic Analysis (BEA) provide key measures of U.S. economic activity, including gross domestic product (GDP) and gross domestic income (GDI). Although conceptually equivalent, GDP and GDI often diverge due to differences in source data and revision timing. This study focuses on corporate profits—a small but volatile component of GDI that is frequently revised, especially during the BEA’s annual (A1) and benchmark (C1) revisions. I examine how revisions to corporate profits influence GDI revisions and whether they can improve real-time estimates of GDI. First, I document the size …

Sustainable Agricultural Practices And Societal Impacts: A Case Study In Central Belize, Lily Hunt

Economics Undergraduate Honors Theses

This thesis examines the relationship between climate change, sustainable agriculture, and rural development through a case study in Central Belize. Built from observations, interviews, and academic research gathered during a summer internship with the Belize Ministry of Agriculture, the research explores the challenges small farmers face as they navigate worsening climate threats - including drought, wildfire, and resource scarcity. With climate change accelerating at a faster rate in Belize than in many other countries, agricultural resilience has become a national priority. This internship focused on collecting applications for the Sustainable and Inclusive Belize Program, a government initiative that provides financial …

Rebuilding The American Dream: Understanding And Alleviating First-Time Home Buyer Affordability Challenges In Northwest Arkansas, Samuel R. Butler

Economics Undergraduate Honors Theses

Homeownership is a cornerstone of the American Dream. It is linked to numerous socioeconomic benefits such as social cohesion, civic engagement, imbalance in opportunities, education, and public health. However, in recent years, housing affordability across the nation and in Northwest Arkansas has become challenging.

Part I of this thesis explains the importance of homeownership nationally and the deteriorating conditions of first-time homebuyers. It explains the key drivers of housing affordability over time, and it explains the connection between zoning and affordability.

Part II focuses on the housing market in Northwest Arkansas (NWA). I forecast the NWA housing demand, which highlights …

Spillover Effects Of Foreign Direct Investment Within Japan's Industries, Kenshi Kawade

Economics Undergraduate Honors Theses

This thesis investigates the relationship between inward Foreign Direct Investment (FDI) and Total Factor Productivity (TFP) across Japanese industries to evaluate FDI’s potential for economic revitalization in Japan. Despite policy efforts under Abenomics to attract more FDI, Japan continues to lag behind other developed economies in foreign investment levels, hindered by structural barriers such as keiretsu networks and limited absorptive capacity. Using industry-level panel data from 1994 to 2018, this study applies Granger causality tests and panel regression models to examine the direction and magnitude of FDI spillovers on productivity. The results indicate a one-way causal effect from FDI to …

The Switch: Determinants Of Family School Modality Choices During The Covid-19 Pandemic, Steicy Dorfi Lopez

Economics Undergraduate Honors Theses

The K-12 system in the United States experienced substantial challenges during the COVID-19 pandemic. This study aims to give an overview of public, private, and homeschooling enrollment decisions during the pandemic, the changes families made between types of schooling and identify familial characteristics associated with the probability of switching in and out of public education. Knowing more about the groups exiting and returning to the public school system can help public school districts better tailor policies to attract and retain their students. Socioeconomic factors influencing a change could be signs of increasing segregation. Using a discrete choice duration model, a …

Planting The Seed: Rumors And Ceo Dismissal, Diego Villalpando

Dissertations and Doctoral Documents, University of Nebraska-Lincoln, 2023–

Researchers have investigated the short-term performance implications of CEO dismissals as assessed through investor reactions to CEO dismissal announcements. While the corporate governance mechanism of dismissal that boards orchestrate when CEOs underperform could be positively perceived by investors, empirical evidence suggests that a positive association between CEO dismissals and investor reactions is equivocal. Thus, in my dissertation, I examine investor reactions to S&P 500 dismissal announcements and further understanding about this intriguing relationship through the development of theory that incorporates the important theoretical mechanism of information uncertainty. Since it is increasingly hard for boards to reduce the information uncertainty surrounding …

The Association Between Economic Outcomes And Abortion: A Scoping Review, Larisa Nicole Stephenson

Capstone Experience: Master of Public Health

Background: Abortion access is not just an issue of autonomy, but an economic issue as well. Evidence of the intersectionality of abortion health care and economics has endured due to the financial cascading effects a denial of an abortion, or the inability to access an abortion, has on one’s personal, professional, and economic upward mobility. A change in recent policies impacting access to abortion warrants an updated synthesis examining the relationships between economic outcomes and abortion access for people of reproductive age in the United States (U.S.).

Aim: This scoping review summarizes evidence pertaining to the association …

Two Essays On Finance And Culture, Gia Han Ngoc Doan

Theses and Dissertations

This dissertation consists of two essays on finance and culture. The first essay examines the relationship between corporate quality culture and product recalls. The results show that firms with a stronger quality culture are less likely to have product recalls. This relationship is stronger for firms with more female directors and higher levels of managerial ability. We also find that for firms in high-tech industries, the impact of quality culture on product failure is more profound. The results are robust to various endogeneity tests and alternative models. Our findings support that a firm’s quality culture significantly influences product success and …

Climate Resilience In Texas Assessing The Impact Of Extreme Weather On Energy Poverty And The Mitigating Role Of Tree Canopy Coverage, Yongwen Yang

Theses and Dissertations

Extreme weather events, including severe heat and cold waves —increasingly threaten public health, economic stability, and energy equity. This two-part study examines the interplay between extreme weather, energy poverty, and green infrastructure (tree canopy coverage) in Texas, a state characterized by climatic extremes and socioeconomic diversity.

This study consists of four chapters. The first chapter in the Introduction includes the research background, existing research, research gaps, research questions, and potential contributions. Followed by two core chapters. Chapter II aims to assess the impact of extreme weather on energy poverty at the household level. Chapter III aims to identify whether tree …

Revisiting The Lasting Impacts Of Incarceration, John Eric Humphries, Cécile Macaire, Aurélie Ouss, Megan Stevenson, Winnie Van Dijk

Cowles Foundation Discussion Papers

Using newly-linked administrative and commercial data from Virginia spanning 25 years, we study the consequences of incarceration. While previous research has examined labor market outcomes and recidivism, we focus on two of the primary channels through which low-income households build wealth: asset ownership (homes and cars) and human capital formation. To identify causal effects, we use a matched differencein-differences design. In line with much of the literature on the impact of incarceration in the U.S., we find no evidence of scarring effects on labor market outcomes or changes in recidivism beyond the incapacitation period. However, we find that incarceration leads …

Hands On Archiving: Aid In Reorganizing The San Bernardino County Museum Archive Room And Archival Material, Ezequiel Vera

Electronic Theses, Projects, and Dissertations

This paper documents the process and details of the History Archives Inventory Project at the San Bernardino County Museum (SBCM). Most of the work of this project is done in-person and will include photographic evidence of the project, a written portion that will explain the process of the project, and secondary literature that will help explain the process of the project and its corresponding decision making. The History Archives Inventory Project is a multiple year-long project; this paper will be limited to my time working on the project while completing my Master of Arts in History at CSUSB. My time …

Borderplex Business Barometer, Volume 9, Number 5, Thomas M. Fullerton Jr., Steven L. Fullerton, Alejandro Sandoval-Murillo

Border Region Modeling Project

No abstract provided.

Essays On Institutions And Human Capital, Xiaofan Zhu

Dissertations and Theses Collection (Open Access)

This dissertation investigates the critical role of political and culturally embedded institutions in shaping human capital investment and firm behavior, focusing on three distinct but related areas. Chapter 1 investigates how institutional quality influences educational choices in China, with a focus on behavioral responses to the anti-corruption campaign. The study finds that politically connected students from regions more a!ected by the campaign are significantly more likely to pursue further education – especially those with non-STEM majors, weaker academic performance, and stronger political ties. The analysis of underlying mechanisms suggests that as the employment environment became more equitable, connected individuals responded …

The Effects Of Income On Infant Health: Evidence From The Coal Boom And Bust, Chu Gek Chew

Dissertations and Theses Collection (Open Access)

An individual’s health at birth is an important component in human capital accumulation, posing significant implications both in the short- and long-run. I investigate how infant health outcomes were impacted during a period of successive positive and negative economic shocks led by the coal industry between the 1970s to 1990s. Using exogenous variation within counties’ pre-existing coal reserves, I instrument for the changes in economic opportunities during the coal boom and bust. I find some limited evidence that an increase in income improves infant health outcomes. The incidence of low birthweight is decreasing in earnings growth, and effects are stronger …

Does Moving From One-Story Building To Multi-Building Affect The Health Status Of The Elderly: Evidence From China’S Par Program, Lu Cao

Dissertations and Theses Collection (Open Access)

This study investigates the causal impact of relocating from single-story to multistory buildings on the health outcomes of elderly residents in China. Using China’s Poverty Alleviation Relocation (PAR) program as an exogenous policy shock, we employ instrumental variable and difference-in-differences approaches to establish causality. Our analysis of data from the China Health and Retirement Longitudinal Study (2011-2018) reveals a nuanced relationship between vertical living and elderly health. While relocation to multi-story buildings is associated with deterioration in self-reported physical health status, it significantly improves mental health conditions and life satisfaction among elderly movers. We identify two key mechanisms driving these …

Intraday Volatility In Financial Markets: Evidence From High-Frequency Data, Haolin Wang

Dissertations and Theses Collection (Open Access)

In this study, we conduct an analysis of intraday spot volatility using high-frequency data from the SPDR S&P 500 ETF (SPY). We begin with the assumption that the intraday volatility of asset prices exhibits time-variation. To capture this dynamic behavior, we construct proxies for the unobserved spot volatility by applying appropriate estimators to the high-frequency price data. Following the estimation procedure, we employ various forecasting models to generate volatility forecasts. Finally, we evaluate and compare the predictive performance of these models using established forecast evaluation metrics, and analyze the results.

Leveraging Data Analytics For Enchanced Economics Prediction: A Study Of Predictive Models And Economics Indicators, Janelle Rueda

Electronic Theses, Projects, and Dissertations

The purpose of this project is intended to investigate the lack of use of data analytics in predicting and managing the impacts of economic crises. This project investigates what economic key factors can be used to create a framework model and evaluate the effectiveness of the key economic indicator being tested as early warning signs. The project uses programs such as Excel, RStudio, and Tableau for the collection of historical data, and regression analysis to determine if certain economic indicators have a statistically significant correlation with GDP, that may help enforce systems in place to help us mitigate economic crises …