Economics Commons^™

Bayesian Linear, Heteroskedastic, Multilevel, And Dynamic Models For Assessing The Effects Of Policy Uncertainty, Green Finance, Innovation, And Environmental Stringency On Sustainable Economic Growth In Oecd Economies, Md Qamruzzaman, Abdulrahman Alomair, Abdulaziz S. Al Naim, Sylvia Kor

Student Publications [Scholarly]

This study analyzes how policy uncertainty, green finance, green innovation, and the stringency of environmental policy affect sustainable economic growth in OECD member countries from 1996 to 2023. Given the growing evidence that advanced economies are facing structural lock-ins, a lack of coherent policy credibility, and insufficient financial and innovative capabilities, the current study integrates these factors into a coherent empirical framework that continues to prevent disintegration in the current literature. Using environmentally adjusted multifactor productivity as a proxy for green economic growth, the analysis employs a panel of Bayesian econometric models that include linear, heteroskedastic, multilevel, random-effects, and panel …

Horizontal Regulatory Barriers In International Trade: Evidence From Electric Plugs, Yuan Mei, Mingzhi (Jimmy) Xu

Research Collection School Of Economics

Domestic policies regulating the horizontal dimensions of product differentiation can impede international trade and have become a major concern in contemporary trade negotiations. We estimate trade frictions associated with incompatible designs of electric plugs, a well-known example of a horizontal regulatory barrier. Our findings indicate that fewer electronic devices are exported to destinations with incompatible electric plugs, and this effect operates through both the extensive margin and the intensive margin of exports. These results are further corroborated by an online survey of Chinese electronics exporters. Moreover, incompatible plugs are associated with lower average quality of exported electronic devices, suggesting that …

Mexico Consensus Economic Forecast, Volume 29, Number 3, Thomas M. Fullerton, Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Public Rhetoric And Private Strategy: The World Bank's Relationship With Mexico Through The 1980s Debt Crisis, Phillip Purcell

Holster Scholar Projects

This project investigates how the World Bank's relationship with Mexico changed through the 1980s debt crisis and whether the institution's internal assessments differed from its public presentation. Drawing on archival memoranda, correspondence, briefing papers, and publicly available reports, the study compares World Bank deliberations with official statements and publications. It demonstrates that examining these private and public records together provides a clearer understanding of how the Bank formulated policy, exercised influence over Mexico's economic strategy, and responded to the challenges of debt, adjustment, and reform. More broadly, the project contributes to understanding the role of international financial institutions in shaping …

Intimate Partner Violence And Child Wasting Across Countries: An Ecological Cross-Sectional Study, Wanri Lumbanraja, I Ketut Kasta Arya Wijaya, Ruben Cornelius Siagian

Journal of Indonesian Health Policy and Administration

Intimate partner violence (IPV) is a public health issue that can affect the well-being of women, their families, and the child-rearing environment. Meanwhile, wasting in under-five children reflects acute malnutrition linked to food insecurity, infectious diseases, poverty, and access to healthcare services. This study aimed to analyze the relationship between the prevalence of IPV among women in the past 12 months and the prevalence of wasting in children under the age of five at the national level. This study addresses the gap in cross-national research, which remains limited in linking IPV as an indicator of social vulnerability with wasting as …

The Lingering Effects On Junk Bond Spreads Of The Fed’S 2020 Corporate Bond Backstop Facilities, John V. Duca, An Nguyen

Journal of Financial Crises

The US corporate bond market is typically disrupted during financial crises, when uncertainty and risk premiums are high and bond issuance is depressed. During the COVID-19 recession, the Federal Reserve introduced two unprecedented interventions: the Primary Market Corporate Credit Facility and Secondary Market Corporate Credit Facility. These backstop facilities stood ready to purchase corporate bonds when corporate bond spreads were wide. While existing literature highlights their effects on investment-grade bonds, the implications for high-yield (junk) bonds remain less well understood. We track uncertainty using the Cboe Volatility Index, or VIX; Jurado, Ludvigson, and Ng’s measures of macroeconomic uncertainty; and other …

A Framework For Understanding The Vulnerabilities Of New Money-Like Products, Kenechukwu Anadu, Patrick Mccabe, J.P. Perez-Sangimino, Nathan Swem

Journal of Financial Crises

New money-like products, such as tokenized money market funds (MMFs), money market exchange-traded funds, and stablecoins, could be transformative for finance. These products may offer significant benefits, but like other money-like assets, they also have certain vulnerabilities. We introduce a framework to analyze the vulnerabilities of new products by comparing their features to those that contribute to vulnerabilities in MMFs. Specifically, we examine the extent to which each product engages in liquidity transformation, is subject to threshold effects, serves as a money-like asset, poses contagion risks, and has reactive investors. Our framework is useful for assessing the potential effects of …

The Heterogeneous Impacts Of The Residential Component Of A Training Program: A Semi-Parametric Analysis, Jun Cai, Alfonso Flores-Lagunes, Xintong Wang

Upjohn Institute Working Papers

Several training programs worldwide are residential, bringing enrollees to live in facilities and thus increasing program costs. In the U.S., the Job Corps (JC) program for disadvantaged youth includes a residential component. Despite extensive literature evaluating JC, the impact of the residential component has received limited attention. We develop and employ a semi-parametric model to estimate the average causal effects of this residential component, accounting for selection into both the program and the residential feature. Our findings indicate that, for JC enrollees, the residential component boosts earnings, employment, and educational degree attainment among adolescents. For other subgroups, the residential component …

Examining The Nexus Of Economic Complexity With Energy Transition And Environmental Sustainability: A Systematic Literature Review, Neharika Singh, Meenakshi Gupta

Journal of Environmental Science and Sustainable Development

Economic complexity captures the diversity and sophistication of productive knowledge and capabilities embedded in an economy. Research on the relationship between economic complexity, energy transition, and environmental quality is growing rapidly. However, their findings differ across countries, development levels, and different energy and environmental indicators. As a result, the conditions under which economic complexity contributes to energy transition and environmental sustainability remain unclear across different contexts. To address this gap, this study conducts a systematic literature review following PRISMA guidelines and applies the Theory–Context–Characteristics–Methodology (TCCM) framework to synthesize evidence on economic complexity, energy transition, and environmental sustainability. The studies were …

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 …

Evolution Of Economic Geography’S Focus On Resource Studies: Historical Trajectory, Research Progress, And Emerging Trends, Yanxiang Fan, Canfei He

Bulletin of Chinese Academy of Sciences (Chinese Version)

Amid the intertwined contexts of global climate change, the reshaping of the geopolitical landscape, and China’s economic transformation, complex issues in the resource sector have increasingly come to the fore, highlighting the urgent need for systematic research from the perspective of economic geography. This study constructs an interactive analysis framework of core–extended dimensions to systematically review the developments and trends in resource research from an economic geography perspective. This study establishes a two-layer theoretical analysis framework of core and extended dimensions. The core dimension includes four aspects: resource elements in regional economic development, resource flows in global trade networks, resource …

Methodological Variations In Environmental Justice Screening Tools And Their Impact On Disadvantaged Community Designations, Thomas Robbins, Qingran Li, Stephen Bird

Faculty Publications

Government agencies in the United States have developed environmental justice screening tools (EJSTs) and designations to promote equitable distribution of benefits from environmental policies to disadvantaged communities (DACs). However, the methodological choices embedded in these tools, including the selection, weighting, and aggregation of environmental justice indicators, vary across EJSTs, and their implications for DAC designation outcomes are poorly understood. Here we systematically compare four EJSTs at the federal and state levels and show that these tools produce substantial variation in the DAC census tracts, with some tools emphasizing socioeconomic burdens while others prioritize environmental risks. Using quantitative regression models, we …

Refereed Research - Indispensable Yet Not Fully Legitimate: Street Markets As Invisible Subsistence Infrastructure, Raji Srinivasan, Maria C. Merino

Subsistence Marketplaces

Street markets are key provisioning systems across the Global South, supplying fresh food, employment, and retail access absent formal infrastructure. Yet despite street markets’ functional indispensability to millions of low-income consumers, their legitimacy is chronically contested, affirmed by vendors and communities yet challenged by planners, developers, and state authorities who apply formal-economy criteria in evaluating them. We theorize this as a legitimacy paradox and ask what structural mechanisms sustain it? Using composite vignettes grounded in fieldwork, we theorize three mechanisms. First, visibility without recognition: street markets are hyper-visible yet excluded from cognitive templates of legitimate, formal retail. Second, asymmetric essentiality: …

Metro Monitor 2026: Las Vegas And Reno, Nevada, Kevin Yang, Lara Karaalp, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet presents economic growth performance indicators in the Las Vegas-Henderson-North Las Vegas, NV and Reno, NV metropolitan statistical areas (MSAs), using data provided by the Brookings Institution’s Metro Monitor 2023  and 2026. The Metro Monitor explores five indicators of economic performance over ten year periods: the 2023 report provides data measuring the period from 2011 to 2021, while the 2026 report provides data measuring the period from 2014 to 2024. The Metro Monitor reports data on growth, prosperity, economic inclusion, racial inclusion, and geographic inclusion across 196 MSAs in the U.S.

Eliciting Information About Teacher Applicants Using Open-Ended Questions, Joseph Aguilar-Bohorquez, Dan Goldhaber, Cyrus Grout, Elton Mykerezi, Prayash Pathak, Aaron Sojourner

Upjohn Institute Working Papers

Employers commonly use open-ended questions in hiring, but usually responses aren’t recorded, and knowledge about the usefulness of such responses is limited. This study investigates properties of written responses to open-ended questions collected over many years via an application tracking platform that school districts use to hire teachers. We develop a scalable process to discover topics within the corpus of responses to each question and then to classify each response with respect to the topics while preserving interpretability and transparency. It adapts a traditional qualitative topic modeling approach, Inductive Thematic Analysis, to best combine the strengths of researcher judgment and …

Benefits And Costs For Chattanooga Residents Of Incorporating Training Into Economic Development Strategies, Timothy J. Bartik, Iryna V. Lendel, Sevrin Williams

Upjohn Institute Technical Reports

This report evaluates the benefit-cost tradeoffs of adding a workforce training component to Chattanooga's economic development incentive packages, using the Bartik Benefit-Cost Model of Business Incentives. Focusing on hypothetical projects across seven industries, the analysis compares the present value of training costs against resulting gains in residents' per capita income over a 20-year horizon. Findings show that training, layered onto existing PILOT-based tax incentives, delivers benefits more than 25 times its costs—driven by training's greater cost-effectiveness in inducing business location decisions and its stronger tendency to direct new jobs toward local residents. While training is not self-financing from a city …

Child Care Deserts In Mountain West Congressional Districts, 2024, Cason Noll, Yash Kalla, Yiselle Olivas Ruiz, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

This fact sheet presents data on child care deserts across 28 congressional districts in the five Mountain West states of Arizona, Colorado, Nevada, New Mexico, and Utah as of 2024. The percentage of young children residing in a child care desert and the urban, suburban, or rural designation of each congressional district are included. The Center for American Progress (CAP) report, ‘America’s Child Care Crisis Leaves Many Families Without Access to Licensed Care,’ includes data on all 435 U.S. congressional districts.

Crisis, Reform, And Remittances: A Corridor Level Mixed Methods Examination Of Gcc–Nepal–Sri Lanka (2019–2024), Rubhesh Jha, Aloma Jayasundera

Arab Economic and Business Journal

This study examines how institutions in Gulf Cooperation Council (GCC) countries, Nepal, and Sri Lanka affect migrant earnings, remittance stability, the choice of transfer channels, and the use of remittances for development. This study uses a mixed‑methods approach that integrates institutional mapping, policy tracing, comparative case studies, and quantitative analysis of remittance flows (2019–2024). Migration corridors with stronger institutions are associated with fewer wage disruptions, more stable remittances, and greater use of formal transfer channels, conditional on the observed macroeconomic factors. This study introduces a corridor-level three-pillar institutional framework linking destination wage protection systems (WPS), origin recruitment/welfare, and financial infrastructure …

Beyond Alternative Finance: A Multi-Case Study Of Relational Validation In The Moroccan Crowdfunding Ecosystem Through Signaling And Social Capital Theories, Lamya Bouziani, Jalal Azegagh

Arab Economic and Business Journal

This study examines how Moroccan entrepreneurs use crowdfunding as an alternative source of finance in a context characterized by limited access to traditional funding. Based on a qualitative multi-case design, the research draws on semi-structured interviews with ten entrepreneurs from different sectors and regions in Morocco. The study mobilizes Signaling Theory and Social Capital Theory to explore how entrepreneurs build trust and legitimacy throughout the crowdfunding process. The findings show that crowdfunding is perceived not only as a financing mechanism, but also as a way to overcome banking constraints and institutional limitations. Entrepreneurs rely on personal networks, storytelling, transparency, and …

The Role Of Financial Inclusion In The Quality Of Financial Decisions: A Descriptive And Analytical Study Of A Sample Of Startups In Iraq, Inam Abass Hamidi

Muthanna Journal of Administrative and Economics Sciences

This research examines the role of financial inclusion in improving the quality of financial decisions for individuals and institutions in emerging and developing economies. The research focuses on how the availability of accessible formal financial services enhances the ability to make informed and rational financial decisions. The scope of the study includes examining the relationship between access to formal financial services and positive financial behavior, as the literature shows that individuals with higher levels of financial inclusion are more likely to engage in positive financial behaviors such as regular saving and responsible investing (Musa et al., 2025).  The research aims …

The Role Of Financial Decision-Making Methods In Achieving Financial Performance, Kifah Sami Hussein

Muthanna Journal of Administrative and Economics Sciences

This research provides a comprehensive study of the role of financial decision-making methods in improving the financial performance of organizations, focusing on the strategic importance of various financial tools in supporting the process. The study aims to explore how the quality of financial decisions affects key performance indicators of organizations, highlighting the positive relationship between effective financial decision-making and achieving optimal financial results. The research also addresses the various factors that influence the effectiveness of financial decisions, including analytical tools, predictive models, and high-quality accounting information.
The research methodology relies on integrating quantitative and qualitative methods in a comprehensive manner, …

The Columbus Promise: Three-Year Pilot Evaluation Report, Michelle Miller-Adams, Kyle Huisman, Kevin Hollenbeck, Bridget Timmeney

Reports

The Columbus Promise is a place-based, tuition-free college program designed to expand postsecondary access and economic mobility for graduates of Columbus City Schools. Launched with the high school class of 2022, the three-year pilot provides tuition support at Columbus State Community College (CSCC), a $500-per-semester stipend, and dedicated coaching and academic services. This evaluation, conducted by the Upjohn Institute for Employment Research, examines outcomes for all three cohorts (2022, 2023, and 2024), using administrative data, a comparison group of Columbus City Schools graduates from 2017–2021, regression-adjusted estimates of academic outcomes, and a synthetic difference-in-differences analysis of overall college enrollment. Findings …

Religious Tourism And Local Development In Rural Areas: Analysis Of The Social And Economic Impact Of Holy Week Celebrations In Osuna, Spain, Elena Garcia-De-Soto-Camacho, Miguel A. Garcia-Gordillo Dr., Antonio Montaño-Valle, Carlos Chavarría-Ortiz, Rosa María Vaca-Acosta

International Journal of Religious Tourism and Pilgrimage

This study explores the role of religious tourism in promoting rural development through the case of Holy Week in Osuna, Spain. By applying a quantitative methodology with fieldwork conducted during the 2022 celebration, the research analyses the social and economic impacts derived from the influx of visitors. The study segments tourists based on their motivations, demographic profiles, levels of satisfaction, spending behaviour, and future intentions. Through cluster analysis, three distinct visitor profiles were identified, reflecting varying degrees of religious and cultural interest. The findings confirm that Holy Week tourism generates significant economic benefits for the locality through direct, indirect, and …

Cost Analysis Of Integrated Genderaffirming And Sexual Health Services For Transgender Women In Thailand: Evidence From The Tangerine Clinic, Braprut Sawatwipachai, Kunncadah Anuwong, Nittaya Phanuphak, Rena Janamnuaysook, Kritima Samitpol, Sujin Nitadpakorn

The Thai Journal of Pharmaceutical Sciences

Background: Transgender women experience a disproportionate burden of human immunodeficiency virus (HIV) globally and in Thailand. Integrating gender-affirming care into sexual health services may improve uptake of HIV and sexually transmitted infections (STIs) testing, treatment, and prevention. Cost data are essential to inform program planning and policy decisions regarding inclusion of such services within Thailand’s Universal Health Coverage (UHC) system.
Objectives: To estimate the full and unit costs of trans-led, integrated gender-affirming and sexual health services along the HIV care cascade.
Methods: Costs of Tangerine Clinic services in 2021 were assessed from the provider perspective, using standard and activity-based costing …

From Disaster To Resilience: Developing Smart Settlements In The Himalayas, Keshav Bhattarai, Ambika P. Adhikari

Himalayan Research Papers Archive

Nepal’s catastrophic 26 August 2026 Bhote Koshi–Trishuli flood should be understood not only as a humanitarian tragedy but also as a potentially major turning point in updating national settlement and reconstruction policy. Engineers and scientists have described the floods as a glacier–bedrock collapse that triggered an ice-rock avalanche and debris flow. As per the live updates on September 7, 2026, the total death toll was 1,355, and 4,996 people were missing (The Hindu, 2026). Indian and Nepali rescuers worked urgently to locate and rescue people buried under hydropower tunnels, buildings, mud, and landslide debris.

UN News reported on September 3, …

Average Earnings Of Undergraduate Certificate Graduates In The Mountain West, 2024, Devin Streuter, Kahlen Coss, Kevin Yang, Caitlin J. Saladino, William E. Brown Jr.

Higher Education

This fact sheet presents data on the average earnings of undergraduate certificate program graduates in 2024 dollars compared to the average earnings of high school (HS) graduates in five Mountain West states: Arizona, Colorado, Nevada, New Mexico, and Utah. The fact sheet reports information on the number of undergraduate certificate programs, number of graduates, the most popular certificate programs, and earnings premiums for each state. Published by Open Campus in collaboration with The Higher Education Analytics (HEA) Group, the fact sheet reports data originally published through the “Certificate Earnings Explorer."

Sectoral Structuring And Socio-Economic Context: The Resilience Capacity Of Tourism Businesses In Corsica And The Balearic Islands - A Comparative Analysis, Léa Giudicelli

International Journal of Islands Research

The tourism sector remains intrinsically vulnerable to crises of various kinds, including natural disasters, terrorist attacks, volcanic activity, and pandemics. The unprecedented disruptions caused by the COVID-19 pandemic, which virtually paralysed global tourism for many months, have led to a critical reassessment of tourism specialisation and revitalised debates about the sector’s potential for sustainable transformation (Girard & Schéou, 2020). In this reflective context, the present study aims to analyse the adaptive capacity of tourism enterprises facing structural changes affecting the sector in recent years. Particular attention is paid to the consequences of growing collective awareness around climate change, as well …

Matching And Mentoring: Effects Of Managers On Worker Productivity, Chengyuan Hua

Economics Faculty Working Papers Series

This paper studies how managers matter for worker productivity by exploiting manager moves in Major League Baseball. I first show that manager effects are primarily match-specific using an AKM-type model. Then, staggered difference-in-differences results show positive effects of shared characteristics, including same position, both lefties, and same hometown. Effects of same position and both lefties are larger than same hometown. Effects are more pronounced for younger and less productive workers, indicating that mentoring is the primary mechanism while in-group bias is secondary. Finally, there is suggestive evidence that a manager’s productivity as a worker is not a positive characteristic.

When Loyalty Intentions Fail: Evidence On The Intention–Behaviour Gap And Customer Retention In Mobile Telecommunications, Danilo Tomšič

Economic and Business Review

This paper quantifies and explains the consumer intention–behaviour gap in mobile telecommunications and shows how it matters for competitive resource allocation. Using a two-wave longitudinal survey of 4887 consumers, I compare stated switching intentions at time t with self-reported provider choice at t + 1 and identify a 15.4% divergence comprising two forms: nonswitching intenders (consumers who intended to switch but did not) and switching nonintenders (consumers who did not intend to switch but did). Binary logistic models reveal temporal asymmetry in determinants. Among nonswitching intenders, higher baseline loyalty (satisfaction, repeat-choice commitment, and recommendation intention) lowers the likelihood of remaining …

Nigeria's 2025 Tax Act In Comparative Perspective: Tax Rates, Compliance, And Fiscal Space With Econometric And Machine-Learning Evidence From Nigeria, South Africa, The United Kingdom, And The United States, Olatunji Dauda Ojedokun, Seun Adebanjo

Economic and Business Review

This study compares Nigeria's 2025 Tax Act with regimes in South Africa, the United Kingdom, and the United States using quarterly panel data (2000–2025) and complementary econometric and machine-learning methods. We estimate fixed-effects difference-in-differences, autoregressive distributed lag/cross-sectionally augmented autoregressive distributed lag error-correction models, dynamic panel generalised method of moments, and local projections to identify short- and long-run effects on revenue efficiency, compliance behaviour, and fiscal space. Predictions for VAT/corporate income tax revenues and gaps are generated with Elastic Net, Random Forest, XGBoost, and LightGBM, and heterogeneity is assessed via generalised random forests and doubly robust learners. Results show a significant, …