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Special Economic Zones And Industrial Pollution: Evidence From Vietnam, Hannah Huang Jun 2026

Special Economic Zones And Industrial Pollution: Evidence From Vietnam, Hannah Huang

Economics Undergraduate Senior Theses

Vietnam has seen rapid economic development, driven in part due to a proliferation of over 300 Special Economic Zones (SEZs) across the country since 1991. This paper exploits the staggered rollout of SEZs across the country to identify the effect of SEZ establishment on local air pollution in Vietnam from 2009 to 2019. I find that establishing an SEZ significantly reduces local PM2.5 concentration, with the largest reduction concentrated in the first years following establishment and attenuating over the longer term. I also find evidence that SEZs shift local firm composition toward higher-technology manufacturing, but zones focusing on dirtier industries …

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Trade Liberalization & Local Labor Markets: Evidence From The U.S.-Korea Free Trade Agreement, Josephine Jungha Lee Jun 2026

Trade Liberalization & Local Labor Markets: Evidence From The U.S.-Korea Free Trade Agreement, Josephine Jungha Lee

Economics Undergraduate Senior Theses

This paper examines the local labor market effects of tariff reductions under the U.S.-Korea Free Trade Agreement (KORUS). While free trade agreements are often evaluated through aggregate gains, their adjustment costs may be concentrated in specific industries and local labor markets. This paper constructs a shift-share measure of KORUS exposure by combining national industry-level tariff reductions with pre-KORUS commuting zone (CZ) industrial composition, then estimates how more exposed CZs changed after implementation. The results show that greater KORUS exposure is associated with statistically significant declines in employment, employment-to-population ratios, labor force participation, and working-age population, alongside increases in unemployment. These …

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Congestion Pricing: A Comprehensive Look At International Congestion Pricing Models And Applying Them To The United States, Ian Ertel Jun 2026

Congestion Pricing: A Comprehensive Look At International Congestion Pricing Models And Applying Them To The United States, Ian Ertel

Electronic Theses and Dissertations

Urban traffic congestion imposes large costs through wasted time, excess fuel consumption, air pollution, and lost productivity. Although congestion pricing has been recognized as the economically efficient remedy since Pigou and Vickrey, implementation has been rare. This thesis examines the conditions under which congestion pricing succeeds by analyzing three pioneering cases: London, Singapore, and New York City. Across all three, charges reduced traffic volumes and improved speeds within the priced zones. Benefits extended beyond cordon boundaries, with measurable improvements on untolled suburban roads. The distributional effects depended on how revenues were recycled rather than on the charge itself. Political viability, …

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The Dictatorial Public Goods Game, Gabriele Camera, Gary Charness, Nir Chemeya, Ro'i Zultan Jun 2026

The Dictatorial Public Goods Game, Gabriele Camera, Gary Charness, Nir Chemeya, Ro'i Zultan

ESI Working Papers

We propose a novel game, the Dictatorial Public Goods Game, to study the interplay between collective resource generation and centralized provision of public goods. After making choices in a standard Voluntary Contribution Mechanism (VCM), one player is selected from the group to administrate the contributions: either provide the public good or expropriate the collected resources for personal gain. We find that adding this centralized mechanism reduces efficiency compared to the standard VCM. Although higher contributions increase the material incentive to expropriate, they lead to more provision. Thus, pro-social choices in the contribution and in the provision stages act as …

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Neoliberalism & The Care Economy: Exploring The Gendered Impacts Of Social Protection Systems, Rachel Carruthers Jun 2026

Neoliberalism & The Care Economy: Exploring The Gendered Impacts Of Social Protection Systems, Rachel Carruthers

Electronic Theses and Dissertations

This thesis examines how neoliberal transformation of social protection policy influences gender dynamics within the care economy. Care is necessary for well-being, but traditionally excluded from economic thinking. This thesis completes a historical overview of how care has been incorporated or excluded by different economic paradigms and is anchored in feminist political economy that emphasizes care as a central consideration. A comparative analysis across California, Texas, and Sweden demonstrates how social protection, specifically access to paid parental leave, varies across regimes and results in inconsistent care outcomes. The findings suggest that social protections can reduce some inequalities, but inadequately address …

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Testing Potential Correlations Between Childhood Lead Exposure And Authoritarianism In Adulthood, Kragen Anderson Jun 2026

Testing Potential Correlations Between Childhood Lead Exposure And Authoritarianism In Adulthood, Kragen Anderson

University Honors Theses

A significant body of research links lead exposure during childhood to negative effects ranging from increased impulsivity to societal level effects such as an increased likelihood of committing violent crime in adulthood. Due to exposure vectors such as lead water pipes, lead solder, lead based paints, and leaded gasoline there was significant lead exposure during childhood for large portions of the American population. This paper tested and found a statistically significant association between average population level lead exposure in childhood and likelihood of voting for candidate Trump later in life.

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A Theoretical And Empirical Framework To Estimate The Impact Of Conflict On The Economic Resilience Of Clustered Firms In Ukraine, Alexander D. Ginn Jun 2026

A Theoretical And Empirical Framework To Estimate The Impact Of Conflict On The Economic Resilience Of Clustered Firms In Ukraine, Alexander D. Ginn

Electronic Theses and Dissertations

In this thesis, I develop a theoretical and empirical framework to estimate whether participation in industrial clusters contributes to firm-level economic resilience to conflict-based shocks. Focusing on Ukraine following the full-scale Russian invasion in February 2022, the study situates industrial organization and firms’ resilience to conflict within a dynamic environment characterized by spatially heterogeneous exposure to conflict events and persistent institutional constraints. I document how Ukraine’s contemporary economic geography reflects the interaction of Soviet-era industrial path dependence, uneven post-transition institutional development, and conflict-induced reconfiguration, evaluating how these dynamics generate systematic variation in both firms’ baseline vulnerability and their exposure to …

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Driving Development: Coalitions, Policies, And Upgrading Brazilian Automotive Technology (1988–2025), Henrique Estides Delgado Jun 2026

Driving Development: Coalitions, Policies, And Upgrading Brazilian Automotive Technology (1988–2025), Henrique Estides Delgado

Electronic Theses and Dissertations

Among industrial activities in Brazil, the automotive sector generates some of the most significant and multifaceted multiplier effects on the country’s gross domestic product (GDP). The sector integrates activities ranging from raw materials to high-tech services, incorporating advanced technologies that influence innovation and positioning in global value chains (GVCs). Remarkably, this industry has been structured over time by public policies that have decisively shaped incentives for its participants. The world’s largest automotive multinationals have been attracted to operate in the country through varied institutional arrangements involving domestic capital and incentives across federative units. This dissertation analyzes how variations in institutional …

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Beyond Emergency: Charting Pathways To Sustainable Development In Fragile And Conflict-Affected Settings: A Case Study Of Yemen, Sharif Abdurabu Salem Farid Alsahbool Jun 2026

Beyond Emergency: Charting Pathways To Sustainable Development In Fragile And Conflict-Affected Settings: A Case Study Of Yemen, Sharif Abdurabu Salem Farid Alsahbool

Theses and Dissertations

For nearly a decade, Yemen's eastern governorates of Hadramawt, Shabwah, and Al‑Mahrah have been relatively stable, yet the international aid system has kept delivering short‑term humanitarian relief like food baskets and water trucking instead of shifting to sustainable development that could rebuild people's lives, create jobs, fix infrastructure, and strengthen local government. This thesis investigates why this transition has taken so long. Based on 21 interviews with government officials, international NGO staff, and local NGO managers in these three governorates, the study develops a new way of understanding the problem. It introduces three ideas: the 'emergency mentality', which is a …

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Determinants Of Corporal Punishment And Severe Physical Punishment In Egypt: A Mixed-Methods Analysis For Child Protection Policy, Marwa Moustafa Nassef Jun 2026

Determinants Of Corporal Punishment And Severe Physical Punishment In Egypt: A Mixed-Methods Analysis For Child Protection Policy, Marwa Moustafa Nassef

Theses and Dissertations

Corporal punishment (CP) and severe physical punishment (SPP) remain a major public health, child rights, and child protection policy concern. In Egypt, despite legislative reforms, survey-weighted analysis of the 2021 Egypt Family Health Survey (EFHS) 2021 (CAPMAS, 2022) reveals prevalence rates of 60.5% for CP and 27.4% for SPP among children aged 1–14 (author’s calculations using EFHS-2021, n=7623), yet evidence distinguishing the determinants of routine corporal punishment from escalation to severe physical punishment remains limited in low- and middle-income contexts. Guided by Bronfenbrenner’s ecological framework, this mixed-methods study identifies key drivers of CP and its escalation to SPP among Egyptian …

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The Case For The Exclusion Of Exclusion: Intellectual Property, Masculine Legal Reason, And The Ethics Of Care, Ragya Shoukry Jun 2026

The Case For The Exclusion Of Exclusion: Intellectual Property, Masculine Legal Reason, And The Ethics Of Care, Ragya Shoukry

Theses and Dissertations

This thesis argues that current legal ideals of objectivity and neutrality are historically gendered and inseparable from the development of capitalist property relations and imperial expansion. It traces origins that begin with early modern witch hunts and Francis Bacon’s empiricism, where a new “scientific rationality” emerges alongside intensified patriarchal violence. The thesis then examines John Locke’s labour-based justification of property and the figure of the rational individual, showing how this framework legitimizes enclosure, dispossession and colonial appropriation under the guise of improvement and development. Building on this foundation, the analysis turns to moral psychology and how its allegedly universal stage …

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Determinants Of Public-To-Private Transitions: Evidence From Firm-Level Selection Patterns, Joshua S. Wolfson Jun 2026

Determinants Of Public-To-Private Transitions: Evidence From Firm-Level Selection Patterns, Joshua S. Wolfson

Economics Undergraduate Senior Theses

This paper considers which publicly traded firms are most likely to exit public markets through acquisition, and how those patterns differ between financial sponsors and strategic acquirers. Using a panel of 3,320 U.S. public firms from 2000 to 2024, I estimate discrete-time hazard models and find that lower valuation multiples, higher leverage, and stronger free cash flow predict going private. These characteristics vary for financial sponsors and strategic acquirers who select on different criteria. Strategic selection is driven mainly by leverage and valuation while private equity is also driven by free cash flow. These criteria are not stable over time, …

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Distance And Trade Elasticity: The Red Sea Crisis As A Natural Experiment, Felix C. Feldman Jun 2026

Distance And Trade Elasticity: The Red Sea Crisis As A Natural Experiment, Felix C. Feldman

Economics Undergraduate Senior Theses

This paper exploits the 2023 Houthi attacks on shipping through the Bab el-Mandeb Strait at the entrance to the Red Sea and the subsequent mass rerouting around the Cape of Good Hope to estimate modern-day elasticities with respect to effective trade cost. This event is unique among chokepoint disruptions as it did not lead to a complete blockage. Instead, many ships voluntarily rerouted away the area, but not all. This paper uses a structural approach to infer unobservable costs incurred by inframarginal Red Sea shippers. This paper combines a reduced-form gravity specification with a discrete route-choice model where ships select …

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Unionization Rates And Wage Growth: Trade, Transportation And Utilities, Nathaniel V. Thomas Jun 2026

Unionization Rates And Wage Growth: Trade, Transportation And Utilities, Nathaniel V. Thomas

Binghamton University Undergraduate Journal

This research examines how unionization rates influence wage growth in the United States’ transportation, trade, and utilities sector. Drawing on secondary data from the Bureau of Labor Statistics, the study compares union and non-union wage trends while taking in factors like industry characteristics. By using historical and comparative analyses across multiple industries, it aims to determine if higher union density consistently translates into stronger wage gains. Prior research in both U.S. and international contexts shows that union presence can positively affect wages, but this influence varies by sector, labor strength, and political backdrop

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The Economic Benefits And Costs Of State And Local Incentives For Clean Energy Projects, Timothy J. Bartik, Gerrit Anderson, Brian J. Asquith, Kathleen Bolter, Kyle Huisman, Iryna V. Lendel, Jeremy Morris, Sevrin Williams Jun 2026

The Economic Benefits And Costs Of State And Local Incentives For Clean Energy Projects, Timothy J. Bartik, Gerrit Anderson, Brian J. Asquith, Kathleen Bolter, Kyle Huisman, Iryna V. Lendel, Jeremy Morris, Sevrin Williams

Upjohn Institute Technical Reports

This report evaluates the benefits and costs of investment incentives for 50 large clean energy supply chain manufacturing and infrastructure projects. The findings suggest that these incentives generate modest but typically positive economic returns, with a median benefit-cost ratio of 1.47, meaning benefits exceed costs by 47 percent for the typical project. Returns vary significantly across projects—approximately 70 percent of projects produced net positive benefits over a 20-year period, while 30 percent failed to recover incentive costs. Project performance depends heavily on incentive design and local conditions. Excessively large cash incentives reduce returns, while customized services, strong job multipliers, investment …

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Transmission Of Firm-Level Demand Shocks To Stock Returns: Evidence From 10-K Text Analysis, Dylan Gunjan Parikh Jun 2026

Transmission Of Firm-Level Demand Shocks To Stock Returns: Evidence From 10-K Text Analysis, Dylan Gunjan Parikh

Economics Undergraduate Senior Theses

Industrial organization and corporate finance papers that measure firm-level demand characteristics employ price, quantity, and product characteristic data that is unavailable in public financial disclosures. As a result, cross-sectional asset pricing literature attention to demand-side factors is limited. This paper constructs a demand shock measure from natural language processing of 28,263 publicly disclosed 10-K filings from 2001 to 2020. I find that a 1SD demand shock increases contemporaneously predicts a 1.8% increase (SE = 0.4%) in returns. Long-short portfolio sorted on demand shock generates 8.5% alpha (SE = 1.9%) against combined Fama-French and Q-factor models and a 0.91 sharpe ratio …

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Offsetting Carbon With Lemons: Adverse Selection And Certification In The Voluntary Carbon Market, Vahideh Manshadi, Faidra Monachou, Ilan Morgenstern Jun 2026

Offsetting Carbon With Lemons: Adverse Selection And Certification In The Voluntary Carbon Market, Vahideh Manshadi, Faidra Monachou, Ilan Morgenstern

Cowles Foundation Discussion Papers

To meet voluntary climate targets, firms often complement internal decarbonization efforts by purchasing carbon credits in the voluntary carbon market (VCM), which finance projects that reduce emissions elsewhere. However, these emissions reductions are difficult to verify, and growing evidence of overcrediting has cast doubt on the VCM's potential to genuinely offset emissions. We investigate how the VCM's defining features shape its climate effectiveness. Our model captures three central elements: adverse selection, as high-quality projects that truly reduce emissions are costlier yet difficult to distinguish from low-quality ones; imperfect third-party certification, as projects are screened based on a noisy signal of …

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Many Hands Make Light Work: Restoring Edu-Economical Debts For Black Males, Joyice Robinson Myers Jun 2026

Many Hands Make Light Work: Restoring Edu-Economical Debts For Black Males, Joyice Robinson Myers

VA Engage Journal

A college degree is closely linked to economic stability, yet only 20% of Black men in the United States hold a bachelor’s degree or higher. These disparities are not accidental; they are the cumulative result of systems that have systematically denied Black males equitable access to educational and economic opportunity across generations. This systematic review examines the compounding relationship among family structure, educational attainment, and economic standing for Black males, and considers what restoring that relationship could look like in practice. I integrate three theoretical frameworks—Education Debt (Ladson-Billings, 2006), African American Male Theory (Bush & Bush, 2013), and the R³ISE …

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Policy Whiplash: Tariffs And Uncertainty Among Firms And Investors In 2025, Boau Lilly Shepherd Jun 2026

Policy Whiplash: Tariffs And Uncertainty Among Firms And Investors In 2025, Boau Lilly Shepherd

Economics Undergraduate Senior Theses

On April 2, 2025, President Donald Trump announced a series of reciprocal tariffs on U.S. trading partners, set to be implemented on April 9, 2025, a day he referred to as “Liberation Day”. Although these tariffs were paused almost immediately, they were subsequently renegotiated and revised throughout the summer of 2025. This paper finds evidence that Liberation Day caused a spike in uncertainty among firms and a spike in volatility among investors, while the subsequent summer revisions reduced uncertainty and volatility, despite tariff levels remaining substantially higher than those at the start of the year. These findings suggest that firms …

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Individualism And Momentum Revisited: Evidence On The Persistence Of Cultural Drivers In Stock Market Returns, Hayley S. Sciubba Jun 2026

Individualism And Momentum Revisited: Evidence On The Persistence Of Cultural Drivers In Stock Market Returns, Hayley S. Sciubba

Economics Undergraduate Senior Theses

This paper reexamines the relationship between cultural differences and momentum strategy returns over the period March 2007 through March 2026, building on the Chui, Titman and Wei (2010) finding that higher individualism is associated with greater trading volume, volatility, and momentum profits. Cross-country cultural differences are measured using an individualism index developed by Minkov et al. (2017), which is related to overconfidence and self-attribution bias. Using monthly stock price data, I construct cleaned monthly returns and sort stocks into six-month momentum portfolios. Although many of the 41 countries common to the original and current samples have experienced changes in their …

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Selective Contagion: Sovereign Credit Integration And Heterogeneous Shock Transmission In Emerging Equity And Derivative Markets, Fabiana Araujo Rincón Jun 2026

Selective Contagion: Sovereign Credit Integration And Heterogeneous Shock Transmission In Emerging Equity And Derivative Markets, Fabiana Araujo Rincón

Economics Undergraduate Senior Theses

Contagion in Latin America is real but selective: the direction of spillover depends on whether a country is integrated more strongly into global or regional markets. Using a stacked event study across 90 manually identified shocks from 2001 to 2026, I estimate regional contagion and its determinants across credit, currency, equity, and derivative markets. Contagion travels through sovereign credit, not currency, and through economic, not political, shocks. Political shocks, despite their larger domestic impact, stay locally contained. The direction of spillover turns on shock origin: shocks from large, globally integrated economies depress their peers, while shocks from smaller, regionally focused …

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Transitioning To Privatization With An Employee-First Approach: The Role Of The Employee Success Team, Hanna E. Andersen Jun 2026

Transitioning To Privatization With An Employee-First Approach: The Role Of The Employee Success Team, Hanna E. Andersen

Certified Public Manager® Applied Research

Convention centers are vital economic and cultural assets, driving commerce, tourism, and local engagement. In addition to hosting conferences and trade shows, they serve as gathering spaces for civic events and community celebrations. Like many municipalities, the City of Waco shifted the Waco Convention Center from direct municipal operation to private management to improve efficiency and service quality. Guided by its commitment to community assets, the city adopted an employee-first approach through its Employee Success Team (EST). The EST addressed the challenges of privatization—such as staff uncertainty and restructuring—by placing employees in roles within the city or with the new …

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Are Greenfield Cross-Border Investments Sensitive To Us Trade Policy? An Investigation Of Responses To Liberation Day Tariff Announcements, Philip Caspar Ernst Jun 2026

Are Greenfield Cross-Border Investments Sensitive To Us Trade Policy? An Investigation Of Responses To Liberation Day Tariff Announcements, Philip Caspar Ernst

Economics Undergraduate Senior Theses

This paper studies whether foreign greenfield investment into the United States responded to the Trump administration’s April 2025 Liberation Day tariff announcements. Using project-level fDi Markets data from January 2023 through November 2025, I examine changes in announced project counts, expected jobs created, and capital investment. The analysis compares aggregate investment activity before and after Liberation Day, tests whether responses differed for countries assigned additional tariffs above the 10% baseline level, investigates the effects of tariff intensity on investment announcements, and examines whether effects were concentrated in particular business activity fields. The clearest finding is that project announcements declined after …

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Towards An Inclusive Labour Market: Skills For The Future, Eva Erjavec Jun 2026

Towards An Inclusive Labour Market: Skills For The Future, Eva Erjavec

Economic and Business Review

In the transition to a knowledge-based society, human capital has become a key driver of economic growth, innovation, and social progress. As industries evolve and new technologies reshape labour markets, the development of future skills plays a crucial role in ensuring workforce adaptability, productivity, and long-term competitiveness. A bibliometric analysis aims to examine the importance of human capital for economic growth and the transition to a knowledge economy, synthesizing existing research and academic discussions. By systematically reviewing the literature, this paper seeks to provide insights into how skills and education contribute to sustainable economic development and social resilience. Furthermore, it …

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From Wall Street To Main Street: The Financial–Operational Performance Link In Hospitals Across Geographies, Chulho Christopher Lee, Lan Luo, Yinfei Chen, Taylor K. Brown, Hyoun Sook Lim, Ying Chen Jun 2026

From Wall Street To Main Street: The Financial–Operational Performance Link In Hospitals Across Geographies, Chulho Christopher Lee, Lan Luo, Yinfei Chen, Taylor K. Brown, Hyoun Sook Lim, Ying Chen

Economic and Business Review

This study examines the relationship between hospital financial performance and operational efficiency. Using data from the American Hospital Association (AHA), we find that profitability, debt coverage, and working capital efficiency are positively associated with hospital efficiency, while liquidity and capital structure exhibit a negative correlation. Fixed-asset efficiency, however, shows no significant impact on hospital operational efficiency. Furthermore, we find that the operational efficiency of urban hospitals is, in general, more sensitive to financial performance than that of rural hospitals. These findings provide practical insights for healthcare administrators and policymakers aiming to enhance hospital operational efficiency and promote equitable care delivery.

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Public Preferences For Critical Mineral Mining In The U.S.: Evidence From A Discrete Choice Experiment, Bamidele Ajiga, Kwame Awuah-Offei, Mahelet G. Fikru Jun 2026

Public Preferences For Critical Mineral Mining In The U.S.: Evidence From A Discrete Choice Experiment, Bamidele Ajiga, Kwame Awuah-Offei, Mahelet G. Fikru

Mining Engineering Faculty Research & Creative Works

Even though there is widespread recognition that we need to mine more critical minerals for national security and energy needs, concerns about environmental impacts often lead to public opposition to proposed new mining projects. The literature lacks sufficient data from communities with proposed mineral projects to assess drivers of differences in support. This study investigates public preferences for mining projects in three states in the United States with proposed critical minerals projects, using a discrete choice experiment. Respondents evaluated projects that vary in job creation, state tax revenue, tailings reprocessing content, groundwater impacts, and surface water impacts. We also randomly …

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Incentives, Evidence, And Reminders For Bureaucrats: Overcoming Barriers To Policy Scale Up, Patrick Agte, Daniel R. Morales, Christopher Neilson, Sebastian Otero, Guatam Rao Jun 2026

Incentives, Evidence, And Reminders For Bureaucrats: Overcoming Barriers To Policy Scale Up, Patrick Agte, Daniel R. Morales, Christopher Neilson, Sebastian Otero, Guatam Rao

Discussion Papers

Scaling up effective policies often requires the attention of frontline bureaucrats with many competing responsibilities. Even when policymakers adopt effective programs, implementation may not follow. In a nationwide experiment in the Dominican Republic, we test interventions to increase school principals' implementation of an educational program proven effective in a previous RCT. Only 37% of control schools verifiably implemented the intervention when ordered to by the Ministry of Education, compared with 83% in the original trial. Implementation was no higher among schools that previously implemented the program in the RCT, suggesting that fixed costs of adoption do not explain non-adoption. We …

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Social Media Is A Juggernaut: Lagged Correlation Analysis Using Ngram Data On “Internet” And “Social Media” With Amplification By The Advent Of The “Iphone”, William Zywiak, Gao Niu, Nicolas Petrell, Victoria Nichele, Kirsten Hokeness Jun 2026

Social Media Is A Juggernaut: Lagged Correlation Analysis Using Ngram Data On “Internet” And “Social Media” With Amplification By The Advent Of The “Iphone”, William Zywiak, Gao Niu, Nicolas Petrell, Victoria Nichele, Kirsten Hokeness

Mathematics and Economics Faculty Journal Articles

The amount of new information transmitted per day can be overwhelming. The data available through Ngram Viewer allows statistical examination to determine the most salient topics, as well as lagged correlation and lagged variance to support possible causal connections between concepts. Using this database, we determined that COVID, crypto, microplastics, and especially social media are important topics of the last few years. We also present results that suggest the development of the internet and the iPhone fueled the prominence of social media, and the access of the iPhone also increased access to the internet.

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“Megadeal” Subsidies, Local Spillovers And Corporate Innovation, Yoojin Lee, Shaphan Ng, Aruhn Venkat Jun 2026

“Megadeal” Subsidies, Local Spillovers And Corporate Innovation, Yoojin Lee, Shaphan Ng, Aruhn Venkat

Research Collection School Of Accountancy

We examine whether the largest place-based, firm-specific corporate subsidies (“Megadeals”) awarded by state and local governments affect local firms’ innovation. First, we document that 1) subsidy firms innovate in the subsidized county and 2) subsidy firms bring inventors from other counties into the subsidized county, consistent with subsidy firms generating new knowledge locally. In our main test, we use a stacked cohort design with stringent fixed effects to document that local firms increase patenting following a Megadeal. Cross-sectionally, effects are increasing 1) in subsidy firm innovativeness, 2) in the technological closeness of subsidy firms and local firms, 3) when subsidy …

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Beyond Numbers: Governance, Capital Structure, And The Contribution Of Village Cooperatives To Regional Economic Output In Indonesia, Mohamad Dian Revindo, M. Fajar Ramadhan, Nia Kurnia Sholihah, Indri Br Situmorang, Hilda Fachrizah Jun 2026

Beyond Numbers: Governance, Capital Structure, And The Contribution Of Village Cooperatives To Regional Economic Output In Indonesia, Mohamad Dian Revindo, M. Fajar Ramadhan, Nia Kurnia Sholihah, Indri Br Situmorang, Hilda Fachrizah

Economics and Finance in Indonesia

Although cooperatives are widely regarded as an important part of Indonesia’s economy and have a  large membership base, the contribution of cooperatives to regional economic output in Indonesia has never been systematically examined. This study provides the first multi-year, fixed-effects panel evidence of cooperative–GRDP linkages for all 34 Indonesian provinces (2017–2023) in a Cobb-Douglas production function framework with province and year fixed effects. Two outcome variables are estimated: Gross Regional Domestic Product (GRDP) and the Unemployment Rate (Unemp). The findings indicate that active cooperatives are associated with higher provincial GRDP and lower open unemployment; despite, the associations should be read …

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