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Labor Market And Unemployment, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Pigeon, M.-A., & Wray, L. R. (1999). Down and out in the United States: An inside look at the out of the labor force population (Public Policy Brief No. 54). The Jerome Levy Economics Institute of Bard College.

• Galbraith, J. K. (2004, July–August). Fed ache [Review of the book A term at the Fed: An insider's view, by L. H. Meyer]. The Washington Monthly, 36(7–8), 45–47.

• Review of Political Economy. (2001, October). Table of contents, 13(4). Routledge.

• Shaikh, A. (n.d.). Official unemployment index (LR) and broader measure (MLU6N) [Graph]. Unpublished manuscript material.

• Shaikh, …

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Journal Articles On Unemployment, Real Wages, Labor Markets, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Lichtenberg, F. R. (1992, February 16). In a downturn, cut profits before jobs. The New York Times, p. F14.

• Abraham, K. G., & Haltiwanger, J. C. (1995, September). Real wages and the business cycle. Journal of Economic Literature, 33(3), 1215–1264. American Economic Association.

• McCloskey, D. N. (1995, September). Modern epistemology against analytic philosophy: A reply to Mäki. Journal of Economic Literature, 33(3), 1319–1323. American Economic Association.

• Rebitzer, J. B. (1993, September). Radical political economy and the economics of labor markets. Journal of Economic Literature, 31(3), 1394–1434. American Economic Association.

• Bean, C. R. (1994, …

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Marx's Theory Of Wages, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1996, July 1–2). Wage bargaining and wage curves [Unpublished manuscript].

• Shaikh, A. (1983). The reserve army of labor. In T. Bottomore (Ed.), A dictionary of Marxist thought (pp. 411–413). Harvard University Press.

• Chartrand, S. (2000, November 20). Researchers figure out how to tell male and female turkeys apart. The New York Times, p. F2.

• [Anonymous]. (2004, November 22). Facts: Factory farming [Unpublished document].

• Capdevila, G. (1996, November 26). Global unemployment rises to one billion says ILO report. InterPress Service.

• U.S. Bureau of Labor Statistics. (2003, February 4). Table A-8. Range of alternative measures …

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Various Articles On Accumulation, Crises And Money, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Clifton, J. A. (1983). Administered prices in the context of capitalist development: Gardiner Means, General Motors' pricing system, Donaldson Brown, Marx, and Sraffa [Manuscript].

• Bauer, O. (1986). Accumulation of capital (J. E. King, Trans.). History of Political Economy, 18(1), 93–123. Duke University Press. (Original work published 1913)

• Orzech, Z. B., & Groll, S. (1983). Otto Bauer's scheme of expanded reproduction: An early Harrodian growth model. History of Political Economy, 15(4), 619–637. Duke University Press.

• Tsuru, S. (1984, October). A survey of economic research in Japan, 1960–1983. Journal of Economic Literature, 22(3), 1101–1153. American Economic …

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What Kind Of Economists Do We Want? From A One-Track To A Two-Track Mind, Magnus Henrekson, Lars Jonung, Mats Lundahl

Economic and Business Review

We explore the challenges facing the current academic training of economists in small European countries such as Sweden. The monolithic focus on publishing in the top-five journals, which prioritizes methodological rigor over problem-driven research, is often a threat to social relevance and policy applicability. This limits pluralism, excludes many talented economists, and fails to prepare graduates for nonacademic positions. We propose a two-track model for PhD training and academic evaluation, emphasizing both traditional research and applied economic policy, tailored to the diverse needs of academia, public administration, and business. We also argue for broader evaluation criteria, enhanced interdisciplinary collaboration, and …

The Effect Of Disaggregated Country Risk On Foreign Portfolio Investment Flows In South Africa, Paul-Francois Muzindutsi, Tristan Kyle Govender, Nokwanda Nkwanyana, Sanelisiwe Zulu, Nondumiso Myeni, Sinegugu Khuzwayo, Fikile Dube

Economic and Business Review

This study explores the relationship between disaggregated country risk and foreign portfolio investment (FPI) flows in South Africa, focusing on both the long-run and short-run effects of economic, financial, and political country risk measures on net foreign purchases of shares (NFPS) and net foreign purchases of bonds (NFPB) during the period from 1995 to 2019. We employed autoregressive distributed lag (ARDL) and nonlinear autoregressive distributed lag (NARDL) models to assess the relationships between the variables. The results indicate that all disaggregated country risk measures have a long-run effect on NFPS and NFPB, and the impacts of these risks are asymmetric. …

Efek Program Pendampingan Umkm Terhadap Performa Ketahanan Pendapatan Dan Penyerapan Tenaga Kerja Umkm : Studi Kasus Program Jakpreneur Dki Jakarta, Farah Khoirur Fadhila, Muhammad Hanri

Jurnal Kebijakan Ekonomi

This study discusses the effects of assistance program with business digitalization features, on the income resilience and labor absorption of the assisted MSMEs, case study of DKI Jakarta’s JakPreneur Program. Observation data from 2017-2021 tested business resilience under time and economic crisis challenge, cause of pandemic. Treatment group is 31 respondents of JakPreneur members who had participated since 2017 or 2018. Control group is SAKERNAS data from 2017-2021. The result shows that treatment groups had lower incomes but were able to retain workers compared to control groups. Their low income is due to limitations in implementing business digitalization and accounting.

Multidimensional Arbitration, Cary Deck, Paul Pecorino, Brian R. Powers

ESI Working Papers

Most analyses of arbitration consider disputes over a single dimensional issue; however, in many situations more than one issue can be in dispute. In a labor context, the parties may disagree on the hourly wage, number of paid holidays, and fringe benefits as well as other conditions of employment. In addition to conventional arbitration (CA), two variants of multidimensional final-offer arbitration (FOA) are employed in practice. Under one version of FOA, the arbitrator must pick the entire package submitted by one of the disputants. Under the other version of FOA, the arbitrator can select elements from each disputant’s final offer …

Exploring The Landscape Of Teacher Applications, Dan Goldhaber, Cyrus Grout, Constance A. Lindsay, Elton Mykerezi, Aaron Sojourner, Lauren Dachille

Upjohn Institute Working Papers

Despite widespread concern about teacher shortages, there is little evidence on when teaching positions are posted and how many people apply for them. Using detailed job-posting and application data on nearly 57,000 applicants from 19 traditional school districts and 24 charter organizations, we provide descriptive evidence on the timing of job postings, the supply of applicants, and the characteristics of applicants, emphasizing how each varies across organizations and between the district and charter sectors. We find that late hiring is less prevalent than prior single-district studies suggest—about 11% of openings are posted late—but varies widely across organizations. Applicant supply differs …

Dampak Program Kota Tanpa Kumuh Terhadap Perkembangan Industri Kecil Mikro, Koperasi, Dan Hotel Di Lokasi Kumuh, Muhammad Khoirur Rijal

Jurnal Kebijakan Ekonomi

Abstract

The development of a region is frequently followed by the emergence of slum settlements which further obstruct the growth of productive activities. This study evaluates the effects of Slum Upgrading Program in Indonesia to the growth of small-micro industries, cooperatives, and hotels in slum area. By using difference in difference (DID) method, this study analysed 3427 villages in 33 provinces during 2016-2018. It was found that program increased the number of micro and small industries and hotels, and reduced the number of cooperatives. This finding indicated that mitigate slums effectively have an impact on the development of small industries …

Analisis Dampak Kebijakan Insentif Fiskal Terhadap Tingkat Komponen Dalam Negeri (Tkdn) Industri Manufaktur Di Indonesia, Muhammad Muhammad, Riyanto Riyanto

Jurnal Kebijakan Ekonomi

Over the last decade, the manufacturing sector's contribution to Indonesia's economy has declined. In 2010, it was 29.10% of GDP, but by 2022, it had dropped to 19.14%. Employment in the sector also fell, from 14.91% of the workforce in 2010 to 13.80% in 2022. To reverse this trend, the government introduced a policy to boost the Domestic Component Level (DCL) in manufacturing. By offering fiscal incentives to industries meeting certain DCL targets, the government aims to drive economic growth and job creation. A study using BPS data from 2008-2019 shows that this policy raised DCL by 23.5%.

The Jokowi Effect On The Victory Of Prabowo: Do People Vote For Continuity?, Cakra Yudi Putra, Dyah Ayu Febriani, Andri Tantyo Cahyo Nugroho, Teguh Dartanto

Economics and Finance in Indonesia

The 2024 Indonesian presidential election marked a striking realignment as Prabowo Subianto—a former opposition leader—secured victory with the tacit endorsement of outgoing President Joko Widodo (Jokowi). This study investigates how the enduring popularity and policy achievements of Jokowi shaped voter preferences in favor of Prabowo, effectively positioning the election as a referendum on political continuity. Building on theories of economic voting and retrospective performance evaluation, the analysis explores the impact of district-level economic indicators, social media penetration, ideological orientation, social assistance distribution, and sociocultural characteristics on electoral outcomes. Employing Ordinary Least Squares (OLS) regression on data from 481 administrative regions, …

Dampak Jumlah Kredit Yang Dimiliki Rumah Tangga Terhadap Kekerasan Dalam Rumah Tangga (Kdrt) Pada Anak Di Indonesia, Anjar Maulitfiani, Dwini Handayani

Jurnal Kebijakan Ekonomi

This study examines the impact of intensity of household debt on domestic violence (DV) towards children in Indonesia. There is a positive relationship between the amount of household debt and the likelihood of domestic violence towards children based on literature review. This research uses a quantitative method with multinomial logistic regression analysis. The results of this study indicate that households with more than one household debt are correlated with an increased likelihood of both psychological and physical domestic violence towards children compared to the likelihood of no domestic violence, both before and after controlling variables added.

Exploring Successful Financing Strategies For Developing Real Estate In Cameroon, Esoh Etebe Elah

Walden Dissertations and Doctoral Studies

Financing constraints have become a significant problem for leaders of small and medium-sized enterprises (SMEs) developing real estate in Cameroon. Cameroon SME real estate development leaders often lack knowledge of financing strategies to mitigate financial barriers and improve business sustainability. Grounded in the financing constraint theory, this qualitative pragmatic inquiry project was to explore the successful financing strategies Cameroon SME real estate development leaders used. Seven leaders of Cameroon real estate development SMEs were interviewed, and public documents were reviewed. The semistructured interview and document data were analyzed using thematic analysis, resulting in five themes: (a) financing strategies, (b) funding …

Impacts Of U.S. Environmental Regulations On Industry, Xiao Ji, Mengyu Wang, Tianyi Zhang

Sim Kee Boon Institute for Financial Economics

This paper analyzes the impacts of U.S. environmental regulations on industry, focusing on command-and-control environmental regulations (CCER) and market-based environmental regulations (MBER). Drawing on empirical data from the Environmental Protection Agency (EPA) spanning over four decades, we examine key legislation such as the Clean Water Act (CWA), Clean Air Act (CAA), and the Resource Conservation and Recovery Act (RCRA), while also discussing more recent frameworks like the Inflation Reduction Act (IRA). Our findings suggest that although penalties under CCER contribute to immediate compliance, they often fail to elicit long-term changes in corporate behavior. In contrast, MBER, exemplified by the IRA, …

A General Test For Functional Inequalities, Jia Li, Zhipeng Liao, Wenyu Zhou

Research Collection School Of Economics

This paper develops a nonparametric test for general functional inequalities that include conditional moment inequalities as a special case. It is shown that the test controls size uniformly over a large class of distributions for observed data, importantly allowing for general forms of time series dependence. New results on uniform growing dimensional Gaussian coupling for general mixingale processes are developed for this purpose, which readily accommodate most applications in economics and finance. The proposed method is applied in a portfolio evaluation context to test for “all-weather” portfolios with uniformly superior conditional Sharpe ratio functions.

(Wp 2025-05) Expanding Black Reparations With Human And Social Capital Investments, John B. Davis

Economics Working Papers

Disadvantaged social groups in the US suffered disproportionately in the covid pandemic and Great Recession, worsening high levels of inequality associated with their post-1980 declining intergenerational income mobility. For black Americans this reflects the long history of racial discrimination beginning with slavery. Reparations paid to descendants of enslaved individuals to eliminate the black-white wealth gap is a step toward addressing this history. A further needed step is to build predominantly black communities human and social capital through public investments in community health care centers (CHCs) and historically black colleges and universities (HBCUs). There is considerable evidence that investments in early …

Regulatory Impacts On Us Hazardous Waste Exports, Xiaofan Ji, Mengyu Wang, Tianyi Zhang

Sim Kee Boon Institute for Financial Economics

This paper examines the impact of key domestic and international regulations on US hazardous waste exports, focusing on shifts in export destinations and waste types from 2002 to 2023. Since 2005, OECD countries and US Trade Agreement Partners have become primary destinations for US hazardous waste, with significant surges after 2018 and a notable decline in 2022. An analysis of the regulatory landscape reveals that, while international frameworks such as the Basel Convention of 2021 have had a relatively limited impact on reducing US hazardous waste exports, domestic policies—particularly those in California—have more directly influenced export behaviors. Additionally, the US …

Policy Evaluation With Nonlinear Trended Outcomes: Covid-19 Vaccination Rates In The United States, Lynn Bergeland Morgan, Peter C. B. Phillips, Donggyu Sul

Research Collection School Of Economics

This paper discusses pitfalls in two way fixed effects (TWFE) regressions when the outcome variables contain nonlinear and possibly stochastic trend components. If a policy change shifts trend paths of outcome variables, TWFE estimation can distort results and invalidate inference, especially in a context of evolving policy decisions. A robust solution is proposed by allowing for dynamic club membership empirically using a relative convergence test procedure. The determinants of respective club memberships are assessed by panel ordered logit regressions. The approach allows for policy evolution and shifts in outcomes according to a convergence cluster framework with transitions over time and …

Forgoing Nuclear: Nuclear Power Plant Closures And Carbon Emissions In The United States, Luke Petach

Faculty Scholarship

This paper examines the effect of nuclear power plant decommissioning on electricity generation and carbon emissions in the United States. Using data on nuclear reactor closures in the United States between 1993 and 2022 and data on state-level carbon emissions and electricity generation from the Energy Information Administration (EIA), this paper adopts a difference-in- differences (DiD) approach to estimate the effect of nuclear decommissioning. Two-way fixed-effects (TWFE) DiD estimates suggest a nuclear plant closure increases annual state-level per capita carbon emissions between 6% and 8%. The increase in state-level carbon emissions is driven by a substitution toward fossil fuel electricity—particularly …

Risk, Uncertainty, World Business Cycles, And The U.S. Stock-Oil Relationship, André Varella Mollick

School of Economics and Finance Faculty Publications

We examine in this paper the transmission of geopolitical risks (GPR), VIX, economic policy uncertainty (EPU), and “macro uncertainty” shocks to real WTI oil and U.S. stock returns (S&P 500). Structural vector autoregressions (SVAR) are applied to monthly data from 1990:1 to 2023:6 with identification based on long-run restrictions of impulse responses from risk/uncertainty measures to world industrial production. The main results are: First, oil prices respond positively to shocks in GPR and macro uncertainty in the short-run, but not to shocks in VIX and EPU. Second, stock returns respond negatively and for longer to both GPR and VIX shocks. …

Balancing Act: Addressing Child Quantity-Quality Trade-Off In The Philippines Households With Educational And Health Social Programs, John Andrew A. Alsol, Zed Tristan L. Dy, Maire Carroline T. Magante

Economics Department Faculty Publications

The child quantity-quality (CQQ) trade-off has been extensively studied in economic research since it was first introduced by Becker and Lewis in 1973. Studies have argued that the current economic circumstances and the presence of government aid in education and health determine the existence and extent of the CQQ trade-off. However, there is a dearth of empirically tested research on the possible decreasing effects of social programs on the CQQ trade-off. Using the 2019 Annual Poverty Indicators Survey, this paper seeks to determine the effect of education and health social programs on the CQQ trade-off in the Philippines. Probit models …

Speculative Bubbles In The Recent Ai Boom: Nasdaq And The Magnificent Seven, Rerotlhe B. Basele, Peter C. B. Phillips, Shuping Shi

Research Collection School Of Economics

The recent artificial intelligence (AI) boom covers a period of rapid innovation and wide adoption of AI intelligence technologies across diverse industries. These developments have fueled an unprecedented frenzy in the Nasdaq, with AI-focused companies experiencing soaring stock prices that raise concerns about speculative bubbles and real-economy consequences. Against this background, this study investigates the formation of speculative bubbles in the Nasdaq stock market with a specific focus on the so-called Magnificent Seven (Mag-7) individual stocks during the AI boom, spanning the period from January 2017 to January 2025. We apply the real-time PSY bubble detection methodology of Phillips et …

Learning Camp, Language Of Instruction, And Education Outcomes: Evidence From A Field Experiment In Malawi, Hyuncheol Bryant. Kim, Kim

Research Collection School Of Economics

We conducted a randomized experiment to study the impacts of a summer learning camp and the language of instruction on education outcomes. The program, covering social studies and mathematics, provided additional high-quality learning time for 4th and 5th graders in Malawi. The program significantly increased test scores in social studies and mathematics (0.24–0.36 standard deviations). We find suggestive evidence that the impact on test scores in social studies was greater for students instructed in Chichewa, the local language, than for those instructed in English. However, we find no such evidence of differential impacts on test scores in mathematics by the …

(When) Can Trade Wars Be Good?, Henry S. Gao, Weihuan Zhou

Research Collection Yong Pung How School Of Law

‘Trade wars are good, and easy to win,’ tweeted Donald Trump in 2018. The US–China trade war that followed proved otherwise – especially when confronting a major economic power. Yet, can trade wars ever be good? While the academic consensus holds they harm all participants, we argue that under certain circumstances they can produce positive outcomes. Set against the backdrop of the Liberation Day tariffs announced on April 2, 2025, this paper examines the limits of the Ricardian free trade model underpinning the current multilateral trading system, identifies when trade wars may serve strategic goals, and explores alternative rules to …

Horses And The Transition From Feudalism To Capitalism., Thomas E. Lambert

Faculty and Staff Scholarship

Many scholarly articles and books have been written about the transition from feudalism to capitalism over the decades. The various points of views on what is the “main driver” or “prime mover” of the transition have been debated in various forums by historians and economic historians with a different major factor being advocated by different proponents or schools of thought. This paper tries to offer another analysis of how the horse could have been an important “means to an end” in the development of capitalism, and this analysis possibly can lead to support for more than one view of what …

Robust Ai Solutions For Financial Markets Through Generative Modeling, Dynamic Graph Learning, And Reinforcement-Based Portfolio Optimization, Jingyi Gu

Dissertations

Financial markets are inherently uncertain and dynamic, driven by complex factors such as macroeconomic signals, investor sentiment, and evolving inter-asset relationships. While machine learning has advanced financial modeling, existing approaches often fall short in addressing the real-world intricacies of finance. This dissertation confronts two critical challenges, human-driven stochasticity and risk-intensive decision-making under real-world trading constraints, while seizing a pivotal opportunity, the structural dynamics of evolving financial systems. These elements are foundational to advancing robust and practical financial intelligence.

To this end, this dissertation develops a unified framework for robust financial modeling and decision-making. The framework is architected as a progressive, …

Pipeline Vs. Choice: The Global Gender Gap In Stem Applications, Isaac Ahimbisibwe, Adam Altjmed, Georgy Artemov, Andres Barrios-Fernandez, Aspasia Bizopoulou, Martti Kaila, Jin-Tan Liu, Rigissa Megalokonomou, José Montalban, Christopher Neilson, Jintao Sun, Sebastian Otero, Xiaoyang Ye

Cowles Foundation Discussion Papers

Women account for only 35% of global STEM graduates, a share unchanged for a decade. We use administrative microdata from centralized university admissions in ten systems to deliver the first crossnational decomposition of the STEM gender gap into a pipeline gap (academic preparedness) and a choice gap (first-choice field conditional on eligibility). In deferred-acceptance platforms where eligibility is score-based, we isolate preferences from access. The pipeline gap varies widely, from -19 to +31 percentage points across education systems. By contrast, the choice gap is remarkably stable: high-scoring women are 25 percentage points less likely than men to rank STEM first.

The Concept Of Maqāṣid Al-Sharī‘Ah And Maṣlaḥah In The Classical And Contemporary Tafsîr, Yusuf Wibisono, Femmy Roeslan

International Journal of Islamic Economics and Business Sustainability

A contemporary mufassir (Qur’anic exegete) employs the principle of al-‘ibrah bi maqāṣid al-sharī‘ah—that interpretation must refer to the objectives of Islamic law—in an effort to uncover the true meaning of the Qur’anic text. A purely literal reading of the Qur’an, without an understanding of its maqāṣid (objectives), faces many limitations. The maqāṣid approach emphasizes not only the wording of the text but also its underlying purposes and goals. The greatest strength of maqāṣid-based tafsīr (interpretation) lies in its ability to render the Qur’an always relevant, adaptable, and universally applicable. As an interpretive approach not strictly tied to …

Cooling Protocols Impact On Nickel-Titanium Rotary Instruments Cyclic Fatigue Resistance Under Extreme Curvatures And Sodium Hypochlorite, Palak Ravjibhai Ranparia, Chintan Joshi, Mona Somani, Aashray Patel, Urooj Desai, Janki Prajapati

Journal of Dentistry Indonesia

Objective: In this work, Hyflex CM, TruNatomy, and Plex V heat-treated nickel titanium rotary instruments were evaluated at body temperature (36 °C ± 1 °C) with and without a cooling protocol to assess the cyclic fatigue resistance. Methods: A 90° curved stainless-steel block was used for cyclic fatigue tests on 60 randomly selected rotary instruments, divided into two groups of 30: body temperature (n = 10) and body temperature with cooling (n = 10). Instruments were further subdivided into 6 groups of 3 different instruments. Cooling protocol group instruments received 5-second spray cooling every 30 seconds, along with continuous 5% …