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The Challenge Of Implementing Social Justice In A Developing Market Economy: The Case Of Slovakia, Michal Valčo, Kamil Kardis

Occasional Papers on Religion in Eastern Europe

Our paper explores the challenges of implementing social justice in Slovakia, a developing market economy with a complex historical background. We provide an overview of Slovakia’s political and socio-economic transformations in the 20th century, focusing on the transition from a state-planned to a market economy (1990–2000). While analyzing contemporary challenges, we explore the role of Michael Novak’s democratic capitalism and Catholic social teaching as moral frameworks for fostering a society with a high level of social justice and cohesion. These approaches, centered on human dignity, solidarity, and ethical entrepreneurship, are contrasted and complemented with Amartya Sen’s capability approach, which offers …

Esg Federalism: How State Regulations Shape Esg Performance, Kameron Eck

All Master's Theses

This thesis examines how state-level environmental, social, and governance (ESG) regulations influence corporate ESG performance in the United States. Using a panel dataset that combines state ESG legislation, firm-level ESG scores from S&P Global, and financial data from Compustat (2019–2024), I employ fixed-effects regression models to analyze the relationship between state ESG regulations and corporate ESG performance. The analysis incorporates firm and year fixed effects to account for unobservable heterogeneity across companies and time, while controlling for firm-specific characteristics. Additionally, the study investigates whether board gender diversity moderates this relationship. The findings contribute to the understanding of ESG policy effectiveness …

Women On Boards Annual Monitoring Report 2024, Center For Entrepreneurship And Innovation

Faculty Books

The AUC Egypt women on boards monitoring report is issued annually to track and monitor the presence and representation of women on boards towards meeting the goal of having 30% women on boards by 2030. The importance of improving representation of women on boards stems from the fact that it is one of the good governance pillars, in addition to the positive impact on firm performance and profitability. The National Strategy for the Empowerment of Egyptian Women 2030 has accordingly promoted for increasing the leadership roles of women and holding key positions in public institutions and companies, setting the target …

Addressing Economic Instability And Workforce Turnover In Early Childhood Education: The Role Of Stipends, Wage Supplements, And Professional Development, Lucinda J. Leffler

Endeavors: Mississippi State Undergraduate Research Journal

Child care workers are vital to early childhood education, yet they face persistent economic instability, low wages, and high turnover rates. To address these challenges, states and policymakers have implemented stipends, wage supplements, and professional development programs aimed at improving financial security, job satisfaction, and workforce retention. This literature review examines the effectiveness of these initiatives across the United States, drawing on theoretical frameworks such as Vroom’s Expectancy Theory and Herzberg’s Two-Factor Theory to contextualize their impact. Research indicates that financial incentives significantly reduce turnover, while professional development fosters job satisfaction and career advancement. However, sustainability concerns remain, particularly with …

A Statistical Analysis Of Southern Land Grants In Addressing Declining College Enrollment, Kallen Zhou

Endeavors: Mississippi State Undergraduate Research Journal

With declining enrollment of higher education, it is crucial to analyze current mechanics in order to maintain higher education’s benefits to society. Currently, research is aware that land grants serve an important historical role in promoting enrollment, yet additional research is required on their contemporary impact on enrollment and institutional aid. Specifically, this study evaluates land grants universities - institutions established under the Morrill Act of 1862 - and data collected from their respective Common Data Sets on historical enrollment and institutional aid from 2013 to 2023. A point-biserial correlation analysis and two sample t-test are used to understand the …

Migration And Youth Unemployment In Africa: Implications For The African Continental Free Trade Area (Afcfta), S.U.R Aliyu, Afees Adebare Salisu, Oyeyemi Kale

Journal of African Trade

This research explores the impact of migration within Africa on youth unemployment. The study makes two sig nificant contributions to existing literature. First, it investigates how intra-African migration can potentially support intra-African trade to enhance productivity and reduce youth unemployment. Second, it estimates the effects of intra African migration on male and female youth unemployment. The research methodology comprises using a two-level estimation involving the Poisson Pseudo Maximum Likelihood (PPML) technique and a Two-Stage Least Squares approach addressing endogeneity bias. Furthermore, a Negative Binomial Maximum Likelihood estimator was utilized to test the model's robustness. The results indicate that higher per …

Potential Fiscal Stability Effects Of The African Continental Free Trade Area: An Empirical Analysis, Simon Abendin, Duan Pingfang, Umer Shahzad

Journal of African Trade

This study analyzes the potential effects of the African Continental Free Trade Area (AfCFTA) on fiscal stability, using panel data from 54 African economies that have ratified the AfCFTA from 2010 to 2021. The study uses a dynamic system GMM model to address endogeneity, simultaneity, measurement bias, and reverse causality issues. The findings indicate that the AfCFTA agreement may reduce government revenue and spending. Furthermore, the study found that the AfCFTA could lead to an increase in government debt

Assessing High-Speed Rail (Hsr) Policy And Politics In Washington State: Avoiding The Mistakes Of The Past, Landen K. Hashimura

All Master's Theses

While international standard high-speed rail (HSR) has yet to be successfully completed in the US, there is a national interest in the topic, as evidenced by recent federal initiatives to research HSR across various corridors. The Cascadia Corridor has been identified as a region with high potential for HSR, leading to an ongoing study in the State of Washington. Given the tumultuous history of American HSR development, the Cascadia HSR initiative needs to avoid the mistakes of the past. Two major contributing factors to this failure to build HSR are uneven political support for HSR and poor policy frameworks. Despite …

Too Essential To Fail: Lessons From County Fiscal Crises, Michael A. Francus

Journal Articles

This Article draws out the lessons of counties for municipal finance. To do so, the Article begins by unpacking the municipal finance regulations that have provided counties with extraordinary fiscal safety. The Article then turns to case studies of the eleven counties that either filed for bankruptcy or had state fiscal interventions since the passage of the Bankruptcy Code in 1978. Those case studies show how counties' finances can (in rare cases) go wrong despite well-designed municipal finance regulations. The case studies also show how counties have successfully responded to those crises through bankruptcy and fiscal intervention.

Using that analysis, …

Mexico Consensus Economic Forecast, Volume 28, Number 1, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Statement From The Indiana Academy Of The Social Sciences And Board Of Directors

Midwest Social Sciences Journal

No abstract provided.

Editor-In-Chief's Note, Surekha Rao

Midwest Social Sciences Journal

No abstract provided.

On The Design Of An Optimal Immigration Policy, Armando R. Lopez-Velasco

School of Economics and Finance Faculty Publications

This paper constructs a model for the study of optimal immigration from the perspective of natives. They have preferences over redistributive transfers, a public good subject to congestion, and over the level of family-based migration. Border enforcement is costly. The model derives conditions for an optimal immigration policy, which balances skill-based against family-based migration, equalizes the fiscal opportunity cost of unauthorized immigration with the marginal cost of enforcement, and balances the effects on transfers against the implied congestion effects. A parameterized version of the model studies the 1994–2008 period and finds legislation projects on immigration consistent with the model's predictions.

The Demand For Educational Functions Of Study Tour Products: From Students’ Perspectives, Yaqi Yu, Azizan Marzuki

Journal of Educational Technology Development and Exchange (JETDE)

Few academic studies have comprehensively examined the actual demands of students regarding the educational function of study tours. This paper develops a demand index system based on three dimensions: cognitive, affective, and behavioral demands. A questionnaire survey was administered to 397 students. Initially, student demands were categorized using the Kano model. Subsequently, the “dependence” and “expectancy” characteristics were analyzed through the dissatisfaction index (DI) and satisfaction index (SI). The impact of fulfilling each demand on dissatisfaction and satisfaction levels was then determined. The results indicated that among the three dimensions, there were 7 must-be demands, 6 one-dimensional demands, 8 attractive …

Reviewers And Referees

Midwest Social Sciences Journal

No abstract provided.

George C. Roberts Award Recipients

Midwest Social Sciences Journal

No abstract provided.

Call For Papers

Midwest Social Sciences Journal

No abstract provided.

Simplified Regional-National Dsge Models For U.S. State-Level Analysis, Michael Telkamp

Electronic Theses and Dissertations

This thesis develops a series of simplified Dynamic Stochastic General Equilibrium (DSGE) model variants to analyze macroeconomic dynamics at the U.S. state level. Using South Dakota as a case study, I extend the Smets and Wouters (2007) mediumscale framework by implementing state-specific output, labor, consumption, investment, and wages into a dual-economy structure, where the state is modeled as a closed economy influenced by national-level shocks. The models are estimated using Bayesian techniques on quarterly data from 2007 - 2020. Model performance is evaluated through impulse response functions and variance decompositions. A key result is that South Dakota exhibits firm habit …

The Effect Of Regime Type On Development Outcomes In Bangladesh, Simar Malhotra

Scripps Senior Theses

Bangladesh has been characterized by a turbulent political state since gaining its independence in 1971, moving back and forth between a democracy and autocracy. With this, they have also experienced immense gains in development over the last thirty years, especially within health, education, and female empowerment. This thesis exploits Bangladesh’s unique regime-switching setting to measure the impact of a shift from autocracy to democracy on child health, maternal health, and women’s autonomy within a single-country context. Using data from the Demographic and Health Surveys (DHS) Program, the analysis finds that a shift from an autocracy to a democracy increases the …

The Ascendance Of Influencers: Saints Of Capitalism In The Digital Age, Riley R. Hourihan

Master of Liberal Studies Theses

This thesis examines the rise of social media influencers as modern-day saints within the cultural and economic framework of late capitalism. Drawing on interdisciplinary scholarship from religious studies, media theory, and cultural criticism, it argues that influencer culture does not replace religion but retools its structures—ritual, authority, devotion, and community—for the digital age. Through detailed case studies ranging from Hailey Bieber and Taylor Swift to Ballerina Farm and MrBeast, the paper explores how influencers shape identity, mediate ethics, and mobilize affect through algorithmic rituals and parasocial relationships. Influencers perform a form of digital sanctity that parallels traditional hagiography, guiding followers …

Price Sensitivity In The Secondhand Market: An Analysis Of Consumer Behavior On Ebay, Reyna Kleemeier

Scripps Senior Theses

The secondhand market is rapidly expanding, driven by growing consumer interest in sustainable consumption and economic value. This thesis examines consumer price sensitivity within the online resale market. Using a unique dataset of eBay clothing transactions, I employ an OLS regression model to analyze price elasticity of demand across various categories of new and used goods. I find that used goods exhibit characteristics of Veblen goods, where higher prices correlate with increased demand, suggesting that consumers perceive elevated prices as signals of rarity, quality, or exclusivity. My results highlight the nuanced dynamics of online resale markets, where consumer behavior is …

Covid-19'S Impact On Grocery Expenditure Amid The Rise Of Social Media's Unattainable Wellness Culture Within Beverage Products, Ava Hinz

Scripps Senior Theses

This paper explores post-pandemic consumption through two different lens: economics and media studies. First, I will focus on COVID-19’s impact on the expenditure of grocery goods. Then I will explore how today’s wellness culture is made unattainable through social media by examining an organic grocery store and two beverage products. By examining these two areas of consumption, it provides critical information on an individual’s consumption during the unique shocks of the pandemic and the cultural context behind those actions.

Examining The Industrial Impact Of Fintech Lending In The Post-Next Normal Era, Nur 'Asyiqin Ramdhan, Imbarine Bujang, Amirul Afif Muhamat, Purwatiningsih Lisdiono

The Indonesian Capital Market Review

The financial sector has undergone a substantial paradigm shift as a consequence of the COVID-19 pandemic prompting industries actively innovate their financing method. Utilizing ARDL, our analysis reveals intriguing insights into the interaction of financing determinants interruptions caused by the epidemic, and the P2P lending success. The long-term effects of economic conditions alluding to the significant influence of investment size across various industrial sectors. The industrial differences suggest interesting connections between the size of investments, and loan tenure to the P2P lending in different industries. The wholesale and retail trade sector demonstrates intricate reactions to changes in investment size, while …

Modeling Inflation Expectations In Forward-Looking Interest Rate And Money Growth Rules, Zhengyang Chen, Victor J. Valcarcel

Faculty Publications

We propose a novel approach that directly embeds rational expectations (RE) into a low-dimensional structural vector autoregression (SVAR) without the need for any mapping to a dynamic stochastic general equilibrium (DSGE) model. Beginning from a fully specified “consensus” structural model, we establish an instrumental variable procedure internal to the SVAR to obtain RE-consistent structural responses to identified monetary policy shocks. Our RE-SVAR framework facilitates a comparison across two alternative monetary policy indicators that accommodate long horizons in the formation of inflation expectations in the policy rule. We construct clouds of responses of inflation and economic activity to monetary …

Volatility Spillover Across Energy Markets, Mohammad Taisir Bani Hani

Wayne State University Dissertations

This study examines price volatility spillovers between two major world crude oil benchmarks, WTI and Brent, as well as between WTI and its refinery products using daily data from 1987 to 2023. The analysis focuses on two key phenomena: the financialization of commodity markets and the fracking revolution. To capture these dynamics, the study employs two models: the BEKK-GARCH model by Engle and Kroner (1995) and the D-Y volatility index by Diebold and Yilmaz (2009, 2012). Findings reveal that both phenomena significantly influence the direction and magnitude of volatility spillovers between these markets. Specifically, results from the D-Y index show …

Thorstein Veblen: The Independent Thinker Whose Contributions Advanced A Distinct Tradition Of Heterodox Economics, John B. Hall

Economics Faculty Publications and Presentations

Challenging Charles Camic’s perspective, this article argues that Thorstein Veblen’s time at the top amounted to about nineteen years; a fraction of his professional career. While drawing from and building upon challenges associable with a changing world which he faced – related to the ending of Laissez-faire and the rise of big business; the institutions initiated for prosecuting World War I; and the accompanying rise of the vested interests – Veblen’s writings effectively and propitiously provided a solid foundation for an American school of heterodox thought known as Original Institutional Economics.

Knowledgeable Partisans And Inflation Expectations, Ethan Struby, Christina Farhart

Department of Economics Working Paper Series

Using a nationally representative survey from the 2024 United States presidential election, we investigate the role knowledge plays in the difference between inflation expectations of Republicans and Democrats. Unconditionally, Republicans' average inflation forecast was nearly 3\% higher than Democrats; they also reported higher inflation in the past year (3.5\%) and higher expectations in the long run (2.0\%). Conditioning on their beliefs about the future and their long-run forecasts reduces the pure partisan gap in inflation forecasts by two thirds. The gap between Democrats and Republicans is largest for partisans who are the most knowledgeable about politics. Greater numeracy appears to …

The Puzzle Of Political Ambition And Prosociality, Jennifer Pate, Alessandra Cassar, Mary L. Rigdon

Economics Faculty Works

This study explores the effect of prosocial interventions on political engagement, particularly whether a prosocial, redistributive option can narrow the gender gap in willingness to enter elections (Pate and Fox, 2018). Previous evidence suggests that prosocial incentives boost women’s desire to compete (Cassar and Rigdon, 2021a,b). Building on this, our research investigates whether mechanisms that enable elected leaders to share their gains can increase women’s political ambition. We conducted a laboratory experiment at two distinct laboratories with 320 participants using a within-subjects design to compare a standard election with one where the elected leader could redistribute earnings to the lowest …

Post-Pandemic Recovery: Search And Matching, Market Power, And Endogenous Labor Demand, Konstantin Platonov

Economics Faculty Works

Following the COVID-19 pandemic, United States (US) output rebounded quickly, labor productivity rose above pre-pandemic levels, profit rates increased, and the labor market tightened, all despite high unemployment. These observations can be reconciled in a search and matching model of the labor market with two new assumptions of strong firm market power and endogenous labor demand. Market power encourages firm entry when prices rise, while endogenous labor demand enables firms to adapt to shocks rather than shut down. Two regimes arise: one with weak market power, representing the pre-pandemic era and another with strong market power, explaining the post-pandemic recovery. …

Hunting And Fishing Ceos: Environmental Plunderers Or Saviors?, Thomas Covington, Steve Widler, Keven Yost

Finance Faculty Works

CEOs who participate in hunting and fishing benefit by appreciating natural environments and permanently consuming natural resources. We examine whether CEOs who hunt and fish make different environmental decisions and find that firms led by CEOs who obtain the most hunting and fishing licenses have lower environmental performance as measured by MSCI-KLD. This effect is strongest in the environmental category of climate change but also extends to pollution, waste, and the protection of natural capital. Furthermore, firms led by CEOs with the most hunting and fishing licenses are significantly more likely to pay a regulatory settlement for an environmental regulatory …