Economics Commons^™

Bridging The Gap Between Career Expectations Versus Labor Market Realities, Reinette P. Madrid, Grethel T. Ledesma, Ignatius Aryono Putranto, Jyro B. Triviño

Leadership and Strategy Faculty Publications

Most students lack awareness regarding the labor market outcomes for their chosen college majors. This study aims to answer what factors affect the career expectations of graduating students at Quezon City University and how these expectations align with the prevailing labor market situation. It employed descriptive, causal, and explanatory research using a sample of 108 respondents from fourth-year information technology students for the school year 2021 to 2022. Eight of the nine null hypotheses were rejected by employing multinomial logistic and linear regression. Student fixed effects and other labor market outcomes significantly predicted salary, estimated stability, and estimated skills in …

Enviromental Burden And Financial Performance Of Manufacturing Companies On Borsa Istanbul: An Exploratory Circular-Economy-Aligned Assessment Using The Aroman Method, Sibel Fettahoglu, Ejder Ayçin, Büşra Karslı Günay

Journal of Environmental Science and Sustainable Development

Türkiye's 2053 net-zero emissions target and the critical role of the manufacturing sector in this process necessitate an urgent examination of the financial impacts of circular economy (CE) practices. This study provides an exploratory analysis of the relationship between environmental burden and financial performance using 2023 data from 26 manufacturing companies in Borsa Istanbul. Given the difficulty of measuring holistic circularity at the company level, this study operationalizes the environmental dimension of circular economy performance using selected environmental burden indicators, including energy and water consumption, greenhouse gas emissions, and waste generation. The study uses the alternative ranking order method accounting …

Trust, Delegation, And Alignment In Human-Ai Decision Making, Erik O. Kimbrough, Brennan Mcdavid, Diba Vazirian

ESI Working Papers

This paper studies delegation to artificial intelligence in a setting where human principals retain the consequences of delegated choices. Participants wrote prompts instructing ChatGPT-4o mini how to choose on their behalf in three canonical economic domains: risky choice, intertemporal choice, and social allocation. We then elicited the compensation participants required to let the AI’s choices count for payment and compared participants’ own choices to choices generated from their prompts. The design produces two central empirical objects: a revealed measure of reluctance to delegate, captured by willingness to accept compensation for AI delegation, and a behavioral measure of alignment, captured by …

Ai And The Music Industry: Its Current Status And A Speculative Projection Of Its Evolutionary Trajectory, Rhett D. Morris, Clayton Rosati, Stefan Fritsch

Honors Projects

Music serves as one of society's biggest cultural outlets, allowing millions to share in what used to be a uniquely human form of expression. The commodification of music has built a huge industry full of companies and platforms that have used technology and property laws to shape music's relationship with the public. This study aims to look into the future to see how AI and its implementation could affect the structure of the music industry. To look into the future, this piece establishes two of the most pressing kinds of AI technology for the music industry and looks to contextualize …

Cost-Effectiveness Evaluation Of Artificial Intelligence-Assisted Chest Radiograph Interpretation For Tuberculosis Screening In Rural Health Units In The Philippines, Harold Henrison C. Chiu, Bryan Christopher C. Lao, Gloanne C. Adolor

Graduate School of Business Publications

Background: Tuberculosis remains a major public health burden in the Philippines, where diagnostic delays are amplified by limited radiology capacity in rural health units (RHUs) and geographically isolated and disadvantaged areas (GIDAs). Computer-aided diagnosis (CAD) using artificial intelligence (AI)-assisted chest radiograph interpretation may shorten the screening pathway and reduce reliance on scarce specialist readers. However, its economic value for RHUbased tuberculosis screening has not been fully evaluated.
Methods: We developed a decision-tree cost-effectiveness model in Microsoft Excel 365 to compare AI-assisted chest radiograph interpretation with conventional manual radiologist or teleradiology interpretation among a theoretical annual cohort of 1,000 presumptive tuberculosis …

A Simulation Assessment Of The 'Law Of One Price', Caleb Wilkins

Computational and Data Sciences (MS) Theses

The ‘law of one price’ is an appealing notion regarding pricing of tradeable commodities that are priced in different currencies. It states that the prices of the same good in different markets should be equal after adjustment for exchange rates and that equality should persist through exchange rate fluctuations.

My research simulates the market conditions that should precipitate the ‘law of one price.’ Data was obtained from the simulated trade between algorithmic artificial intelligence agents that operated under induced boundedly rational market behaviors. Trade took place in two initially separate markets, a high-price market with a higher equilibrium price and …

Building Ai-Native Innovation System To Drive Transformation And Innovation In Research Organization And Management Models, Hong Xuehai

Bulletin of Chinese Academy of Sciences (Chinese Version)

Artificial intelligence (AI) is profoundly reshaping research paradigms. This study aims to analyze the intrinsic mechanisms through which AI empowers scientific research and its impact on the organizational management models of research. By summarizing what AI can and cannot do in empowering research, it reveals the current effectiveness and capability boundaries of AI in this domain. Based on the extraction of common core conditions for AI-empowered research and the deconstruction of typical cases of AI-enabled research organizational models, this study analyzes the differences between the organizational management model of AI-empowered research and traditional research organizational models. Furthermore, it proposes three …

Understanding And Foresight On Construction Of Foundation Model Industry Innovation Ecosystem, Liu Liu, Chunhui Jia, Yangfan Han, Qiqi Zhang, Jialin Li, Dayuan Li, Junpu Wang

Bulletin of Chinese Academy of Sciences (Chinese Version)

Foundation models are a key vehicle driving artificial intelligence toward general intelligence, and their industrialization urgently requires support from a systematic and collaborative innovation ecosystem. This study focuses on the construction of the foundation model industry innovation ecosystem. It first reviews the frontier progress and identifies its essence as a complex innovation network featuring the three-dimensional synergy of technological, organizational, and industrial architectures, and then analyzes the architecture along the upstream, midstream, and downstream of the industrial chain: the upstream supports computing power and data, the midstream undertakes algorithmic innovation and platform services, and the downstream realizes multi-scenario value transformation. …

Volatility Spillovers Between Stock Prices And Exchange Rates: Insights For Risk Management And Investment Strategies: Evidence From China, India, And Pakistan Using Bekk-Garch Models, Samreen Fatima, Humera Sultana, Muhammad Najamuddin Dr., Saba Naz

The Indonesian Capital Market Review

This study investigates the dynamics of volatility and its spillover effects between the stock markets of China, India, and Pakistan, and their respective exchange rates (USD/CNY, USD/INR, and USD/ PKR). Volatility is modeled using the Symmetric and Asymmetric BEKK-GARCH (1,1) and DCCGARCH (1,1) models, based on daily return series covering the period from January 1, 2019, to January 31, 2025. The empirical results indicate that both the employed models are adequate for capturing the volatility dynamics. The findings reveal that the highest value of portfolio weights and hedging efficiency of KSE-100 Index–USD/PKR provide optimal portfolio allocation and highest hedging performance …

Impacts Of Climate Hazards On Employment And Earnings By Hazard Type, Industry, Race, And Ethnicity, Dania V. Francis, Keren M. Horn

Sustainable Solutions Lab

We examine the relationship between climate-related disasters and subsequent county-level aggregate employment and earnings. We combine earnings and employment data from 2000 to 2023 with data on disasters to estimate local projection impulse response functions relating extreme disaster events to cumulative percent changes in employment and earnings. On average, disasters appear to reduce employment growth three to five years post disaster. There are small positive impacts on earnings. These results are largely driven by responses to hurricanes and tropical storms. Key rebuilding industries such as construction see short-term gains in employment that turn to losses in the longer-term that are …

Mengukur Capaian Dan Identifikasi Konvergensi Pembangunan Infrastruktur Antarprovinsi Di Indonesia, Ressa Isnaini Arumnisaa', Aisyah Fitri Yuniasih

Jurnal Ekonomi dan Pembangunan Indonesia

Indonesia’s economic challenges are characterized by stagnant economic growth and regional development disparities. This study analyzes the achievement and convergence of infrastructure development across provinces in Indonesia during 2011–2021 through the construction of an Infrastructure Development Index (IPI). The study employs panel data from 33 provinces, using factor analysis to construct the IPI and the First Difference Generalized Method of Moments (FD-GMM) to examine convergence and its determinants. The results show that many provinces still have IDI scores below the national average. Furthermore, the FD-GMM model shows that σ-convergence and β-convergence occur in Indonesia. In addition, GRDP per capita, inflation, …

Estimasi Underground Economy Triwulanan Di Indonesia Pada Tahun 2010–2023, Ghina Anandhia, Hardius Usman

Jurnal Ekonomi dan Pembangunan Indonesia

Underground economics have a significant impact on economy. Underground economy leads to low potential state revenues from the tax sector. This study estimates the quarterly value of the underground economy in Indonesia from 2010 to 2023 using the Error Correction Model (ECM) method. The results show that the average value of the underground economy in Indonesia is IDR138,392.32 billion, equivalent to 5.36 percent of Gross Domestic Product (GDP) and 35.72 percent of tax revenue from 2010 to 2023. GDP and tax burden variables have a positive influence on currency demand.

The Interplay Between Deficit Spending And Financial Instability: An Examination Of Fiscal And Monetary Policy Interactions, Heidie Jean George

Doctoral Dissertations and Projects

This study investigates the impact of fiscal and monetary policy on financial stability and fragility, focusing on how government spending and deficits contribute to the economic and financial system. Drawing on Minsky’s Financial Instability Hypothesis (FIH) and Financial Fragility Hypothesis (FFH), the research examines the dynamic relationship between fiscal policy, financial stability, and economic stability. The study focuses on understanding how government spending and deficits affect the economic and financial system in context of private and public debt and policy interactions and the role of system risk factors. The study uses Principal Component Analysis (PCA), Vector Autoregression (VAR), Impulse Response …

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 …

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.

Linking Fishery Productivity To Child Health In The Coastal Tropics, Francisco Flores-Mejia

Master's Theses

Fish are a primary source of calories, macronutrients, and income for coastal communities around the world, but overfishing and environmental changes have dramatically reduced productivity in the majority of small-scale fisheries. The social costs of these losses are believed to be large, particularly in poorer communities, but most estimates of fishery productivity effects on households are contextual and difficult to generalize. We combine a remote sensing measure of pelagic fishery productivity with geolocated child health and growth data from 34 countries in the coastal tropics. We estimate that the difference between sustainedly good versus bad fishing conditions corresponds up to …

Labor Market Responses To Ai: Measuring Wage Effects Across U.S. Occupations, Kaitlin Pham, Karla Rodriguez

Undergraduate Economics Working Paper Series

Artificial intelligence (AI) is rapidly changing economies around the world, with some experts predicting an impact greater than the Industrial Revolution. As AI becomes more common in daily life and business, questions have grown about how it might affect jobs, wages, and inequality. The rise of automation and highly capable AI models has made people wonder which occupations will benefit and which might be at risk. This study looks at how exposure to AI technologies affects wage trajectories in the United States. Using occupational-level data from O*NET and the U.S. Bureau of Labor Statistics, we build an AI exposure index …

Bayesian Spatiotemporal Model For Counterfactual Estimation In Socioeconomic Studies, Duwani W. Gonzalez

Statistical Science Theses and Dissertations

Impact evaluations of regional development programs often require estimating counterfactual outcomes for a small number of treated regions using survey-based areal data. In practice, evaluators typically rely on two-group quasi-experimental methods such as propensity score matching (PSM) and Difference-in-Differences (DiD). These approaches perform poorly when only a few regions receive treatment, and when the set of observed covariates is limited or only partially relevant. Moreover, they typically do not explicitly exploit the spatial and temporal dependence present in survey-based areal data such as in ACS (American Community Survey). This dissertation develops a family of Bayesian spatial predictive models for directly …

Welcome Tilly Norwood: Forecasting Hollywood’S Ai Policy Futures, Samuel P. Rooker

Senior Honors Projects, 2020-current

In late 2025, weekly trade publication Variety Magazine reported on the announcement of a new acting talent in Hollywood: Tilly Norwood. Norwood is an industry outsider and the pet project of Eline Van der Velden, who unveiled the actress’ existence to the world at the Zurich Film Festival. The announcement quickly gained media coverage while Van der Velden has since faced cyclical backlash from Hollywood trade unions, which does not seem entirely without reason. Tilly Norwood is a digital persona, a generative artificial intelligence (GenAI) program, designed by Van der Velden’s novel AI talent studio, Xicoia, to become the next …

Climate Policy Uncertainty And Housing Prices: Analyzing Bidirectional Transmission Across U.S. Metropolitan Areas, Sourav Batabyal, Alper Gormus

Finance and Economics

This study examines the relationship between climate policy uncertainty (CPU) and residential housing prices across U.S. metropolitan areas using the U.S. CPU index developed by Gavriilidis in 2021 and monthly S&P CoreLogic Case-Shiller Home Price Indices, covering January 1991 to May 2024. Employing a Fourier-augmented Toda–Yamamoto causality framework that accounts for both abrupt and gradual structural breaks, we document significant CPU → housing prices transmission in multiple metropolitan markets, with bidirectional transmission dynamics emerging in Los Angeles, New York, San Diego, and San Francisco, as well as at the U.S. national level. The results reveal substantial spatial heterogeneity across various …

Solid Waste Management In Greater Khartoum City, Sudan, Roba Mahmoud

Student Theses 2015-Present

This study investigates the rising solid waste management (SWM) dilemma in Greater Khartoum City (GKC), a critical environmental and public health issue caused by fast urbanization and inadequate infrastructure, with historical linkages to Sudan's colonial and postcolonial growth. Chapter 1 describes the current problem using quantitative and qualitative data, demonstrating that GKC produces approximately 3,340 tons of waste each day, with 56% organic matter, 8% plastics, and 16% paper. Collection efficiency remains severely poor, at 31.5%. Informal recyclers known as Nakasha or Barkata collect approximately 7% of total waste, supporting roughly 3,900 people, whereas filthy open dumps and unsorted medical …

The Impatience Of Winning: An Analysis Of Time Discounting, Predictive Modeling, And The Nba Draft, Alec R. Plante

Business and Economics Honors Papers

This paper examines whether NBA draft decisions can be better explained by incorporating non-geometric time discounting into a model of general manager decision making. Using a dataset of 285 NBA draft prospects over a 12-year period, the impact of college statistics on Value Over Replacement Player (VORP) is determined, and these impact values are then used to create a “predicted” VORP for the first 4 seasons of each player’s career: a projection of what a general manager might think of a prospect’s future value given their college statistics. Following this, geometric and hyperbolic time discounting models are applied to estimate …

Geography, Income, And The Incidence Of A Massachusetts Carbon Tax, Susan Stratton Sayre

Economics: Faculty Publications

I use spatial microsimulation to estimate the geographic incidence of the consumer-facing portion of various revenue-neutral carbon tax designs in Massachusetts. I identify a substantial urban-rural disparity in impacts that is reduced, but not eliminated, by proposed revenue-targeting mechanisms. I further demonstrate that seemingly small variations in the definition of rural households can have substantial impacts on urban-rural equity and the distribution of gains and losses. Proposed policies are highly progressive in the aggregate with most low-income households receiving more in rebates than they pay in taxes, but notable numbers of low-income households are likely to experience significant losses. Methodologically, …

Ai Exposure And The Future Of Work: Tasks, Skill Demand, And Education, Erik Vasilauskas, Michael Horrigan

External Papers and Reports

No abstract provided.

Budgeting Apps, Financial Literacy, And Financial Control, Max Masabo, Abdullah Mohammad Mahi

Presentations - 2026

Our paper shows the real hidden connections between budgeting app usage and financial wellbeing of U.S Households

Reasoning On Time-Series For Financial Technical Analysis, Kelvin J. L. Koa, Jan Chen, Yunshan Ma, Huanhuan Zheng, Tat-Seng Chua

Research Collection School Of Computing and Information Systems

While Large Language Models have been used to produce interpretable stock forecasts, they mainly focus on analyzing textual reports but not historical price data, also known as Technical Analysis. This task is challenging as it switches between domains: the stock price inputs and outputs lie in the time-series domain, while the reasoning step should be in natural language. In this work, we introduce Verbal Technical Analysis (VTA), a novel framework that combine verbal and latent reasoning to produce stock time-series forecasts that are both accurate and interpretable. To reason over time-series, we convert stock price data into textual annotations and …

Measuring Market Risk Through Entropic Var, Dragomir Nedeltchev, Tsvetelin Zaevski

Mathematical Modelling and Numerical Simulation with Applications

The article aims to measure the market risk beyond the basic risk measures like the Value-at-Risk (VaR) and the Expected Shortfall (ES). The Entropic Value-at-Risk is selected among the available measures based on its advantages -- it is the coherent upper bound of the VaR and ES. This risk measure is applied to the classical Black-Scholes model as well as to some more realistic ones, such as the exponential tempered stable model (the log-returns are presented by a tempered stable L\'evy process), the stochastic volatility model of Heston, its jump extension of Bates, and another stochastic volatility model but with …

Opportunities, Challenges, And Conspicuous Absences: An Integrative Review Of The Social Work Literature On Artificial Intelligence, Michael J. Massey, Ian G. Williams, Grace C. Polistina, Eathan A. Breaux

Publications and Research

INTRODUCTION: Social work discourse regarding artificial intelligence (AI) in practice, research, and education has proliferated over the last 5 years, reflecting both excitement over its potential and ambivalence about its ethical challenges. However, the extent to which social work is fully engaging with the structure of AI and its enormous impacts on the environment, labour, and distribution of power remains unclear.

METHODS: An integrative review of social work literature from 2020–2024 was conducted to address two research questions: 1) What is the nature of the social work discourse related to AI? 2) To what extent is the discourse …

Markets, Agency, And Trust: Ai Agents And The Knowledge Problem, Brennan Mcdavid, Lynne Kiesling, David Chassin

Philosophy Faculty Articles and Research

Artificial intelligence (AI) is transforming market participation, raising key epistemological questions: Do AI agents enhance or diminish the aggregation of local, private, and tacit knowledge Hayek saw as essential to market processes? How does trust in both markets and AI shape willingness to engage in AI-mediated exchange? This paper examines these issues through market epistemology, agency relationships, and trust epistemology, analyzing how agentic AI reshapes the knowledge problem and principal-agent dynamics. Applying this framework to transactive energy markets, we show that AI shifts decision-making from human cognition to algorithmic processes that require user trust despite epistemic opacity, although it is …

The Future Of West African Cacao Farming, Kathryn Lesniewski

CAFE Symposium 2026

This poster covers the detrimental impact climate change has had on the West African cacao farming industry. It also covers long and short term solutions to climate change, and how the global chocolate market has been impacted by climate change.