Economics Commons^™

The Impact Of Student Achievement On Economic Growth: A Pisa-Based Analysis Of Gdp Per Capita, Emma Rose Nasr

Undergraduate Theses and Capstone Projects

This study investigates the extent to which international student achievement, measured through PISA assessments in mathematics, reading, and science, explains cross-country differences in economic development. Using an unbalanced panel data set combining PISA results from 2015, 2018, and 2022 with macroeconomic indicators from the World Development Indicators, I estimate multiple regression models, including pooled OLS, country and time fixed effects, and subsample analyses for developed and developing countries. Results from the pooled model indicate strong positive associations between PISA scores and GDP per capita, consistent with human capital theory. However, these relationships diminish under fixed effects specifications, suggesting that cross-country …

Modeling Determinants Of Significant Noncompliance In The U.S. Mining Sector: A Fixed Effects Logistic Regression Approach, Eli Johnson

Dissertations, Master's Theses and Master's Reports

This study examines environmental compliance behavior among mining facilities regulated under the U.S. Clean Water Act (CWA). Using a national quarterly panel of National Pollutant Discharge Elimination System (NPDES)-permitted mining facilities, the analysis evaluates whether local socioeconomic and demographic indicators are associated with the likelihood that a facility enters significant noncompliance (SNC) status. Facility compliance histories are compiled from the U.S. Environmental Protection Agency’s Enforcement and Compliance History Online (ECHO) database and is merged with county- and state-level socioeconomic indicators and election data. A fixed-effects logistic regression model is used to account for time-invariant facility heterogeneity. The results suggest that …

Health Status In East Texas, Manuel Reyes-Loya, Cecilia Cuellar, Marilyn Young, Luisa Moraes

Hibbs Newsletter

This issue of the Hibbs Newsletter examines the key economic drivers of East Texas, highlighting trends in GDP, employment, and wages across major metropolitan areas. From 2015 to 2023, the region experienced steady economic growth, led primarily by healthcare, manufacturing, and mining industries. The report emphasizes healthcare as a dominant contributor to both employment and high-wage occupations, offering insight into the region’s evolving economic structure

From Candidates To Coalitions: How Citizens United Changed Electoral Influence, Marc J. Broadhead

SPARK Symposium Presentations

This study investigates the relationship between campaign fundraising and electoral success in the United States House of Representatives, with a specific focus on the period surrounding the Citizens United v. FEC (2010) Supreme Court decision. Using a robust dataset of 30,539 observations from 2002 to 2024, I analyze the ability of total candidate receipts and individual contributions on the probability of victory. Using a Difference-in-Differences (DiD) framework and logistic regression models, the results demonstrate that while fundraising remains a highly significant predictor of winning ($p < 0.001$), the "return on investment" for direct candidate fundraising has significantly decreased in the post-Citizens United era. Specifically, the advantage held by "High Funders" decreased by 8.1% after 2010, suggesting a financial saturation effect where direct receipts are increasingly diluted by the increase of outside expenditures. Partisan disaggregation reveals a "Partisan Efficacy Gap," where Democratic candidates experienced a statistically significant decline in the effectiveness of their fundraising post-2010, while Republican candidates' effectiveness remained relatively stable. These findings suggest that the deregulation of campaign finance has not only increased the total volume of money in politics but has fundamentally altered the marginal utility of a candidate’s campaign war chest, shifting the levers of electoral influence toward outside spending and institutional actors.

Representation Of Indigenous Spiritualities In The Ontario Grade 11 World Religions Curriculum: A Discourse And Textual Analysis, Katelin A. Chavez

Laurier Undergraduate Journal of the Arts

No abstract provided.

Teacher Education For Religious Diversity In British Columbia: Policy Recommendations For Sikh And Chinese Mahayana Buddhist Inclusion, Ashton Kemper

Laurier Undergraduate Journal of the Arts

No abstract provided.

Embarrassment As A Signal: Feminist Affects And The Commodification Of Love, Bianca L. Schmitt

Laurier Undergraduate Journal of the Arts

No abstract provided.

Introduction, Jenna Abdel-Kader, Hannah Desjardine

Laurier Undergraduate Journal of the Arts

No abstract provided.

Editors' Note, Jenna Abdel-Kader, Hannah Desjardine

Laurier Undergraduate Journal of the Arts

No abstract provided.

Partisipasi Pendidikan Menengah Atas Dan Perkawinan Remaja Perempuan 16–18 Tahun Di Indonesia, Herjuno Bagus Wicaksono, Diahhadi Setyonaluri

Jurnal Ekonomi dan Pembangunan Indonesia

This study examines the relationship between upper secondary education participation and early marriage among women aged 16–18 in Indonesia. Using district-level panel data for 2014–2023, the analysis applies a fixed effects regression to estimate the association between the female net enrollment rate and marriage prevalence among adolescent women. The results indicate that higher participation in upper secondary education is associated with lower early marriage rates. Socioeconomic factors and the implementation of the Marriage Law Reform are also relevant contributors. These findings suggest the importance of expanding access to upper secondary education as part of broader efforts to reduce early marriage.

Moseley Laibman, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• Shaikh, A., PhD. (n.d.). Notes from a Labor Theory of Value meeting on a presentation by David Laibman, including comments from Bruce, Scott, and Deepankar on Sraffa and Farjoun and Machover [Handwritten notes].

• Shaikh, A., PhD. (n.d.). Notes from a Labor Theory of Value meeting on a presentation by Fred Moseley, discussing Marx’s method, value forms, and the work of Duncan Foley [Handwritten notes].

Pay Gaps At The Top: How Ceo–Executive Compensation Disparity Affect Firm Performance, Anh Que Diep

Honors Theses

This paper examines the relationship between executive compensation disparity and firm performance using S&P 500 firms. CEO Pay Slice (CPS) is used to measure pay disparity, and firm performance is measured by Tobin’s Q and ROA. The results from fixed effects models show an inverted U-shaped relationship between CPS and firm performance, with performance maximized at approximately a 60% CEO Pay Slice. Further analysis decomposes CPS into fixed and performance-based components. The results show that fixed compensation disparity is positively and consistently associated with firm performance, while performance-based disparity has weaker and less robust effects. Taken together, the findings suggest …

From Shock To Routine: The Evolving Impact Of Shutdown-Related Sentiment On Stock Markets, Yiran Shao

Honors Theses

To address gaps in existing research, this paper selects two U.S. government shutdown periods, 2018-2019 and 2025, as research samples to explore the effect of policy uncertainty on sentiment. This paper primarily analyzes the following two research questions.

First, what is the correlation between government shutdown-related sentiment during the shutdown period and daily market fluctuations? Specifically, can the sentiment index constructed from shutdown-related news effectively predict the next-day stock return during the event period?

Second, does the market have a learning effect? That is, between 2018-2019 and 2025, has the relationship between shutdown-related emotions and market outcomes weakened, shortened the …

Borrowing By Committee: An Analysis Of The Link Between Government Type And Sovereign Debt, René Polanco

Honors Theses

Previous literature is divided about the impact of democracy on sovereign debt. In the context of the third wave of autocratization (Lührmann & Lindberg, 2019), this paper uses a new dataset (the Episodes of Regime Transformation) focused on regime transitions to analyze the impact of democracy and regime change on the levels of sovereign debt for a panel of 167 nations between 2008 and 2024. I examine how democracy impacts debt level, borrowing, and debt service and dovetail these results with analogous ones regarding how states of transition impact the same measures. By including this extra wrinkle of government transition, …

Estimating Corporate Investment Efficiency With Bias Correction: A Semiparametric Panel Model Approach, Taining Wang, Zhao Wang, Feng Yao, Subal C. Kumbhakar

Economics Faculty Working Papers Series

Empirical studies often use the residuals from ordinary least squares regression models to represent certain discretionary or unexpected components and then regress these residuals on potential determinants. However, this two-step approach has been criticized for leading to biased estimates, invalid inferences, and unreliable empirical results. This paper shows that the shortcomings of the two-step approach and alternative existing methodologies are retained and even more pronounced when analyzing inefficient corporate investment. To address these shortcomings, we propose a novel semiparametric model tailored for investment efficiency analysis. Our model effectively mitigates estimation bias caused by inappropriate model design or misspecified model structure, …

Testing The Governance Premium: Board Gender Diversity And Crisis-Period Returns During The Pandemic, Rhea Kulkarni

CMC Senior Theses

This paper examines whether board gender diversity predicts cumulative abnormal returns for S&P 1500 firms during the COVID-19 pandemic. Motivated by prior evidence linking board gender diversity to crisis-period stock performance and the broader question of whether governance quality is priced during periods of acute market stress, this study estimates cumulative abnormal returns across three economically distinct event windows covering the crash, recovery, and post-recovery periods using the Carhart (1997) four-factor model to test whether board composition translated into divergent outcomes across firms. The results fail to find evidence that board gender diversity predicts cumulative abnormal returns across any of …

The American Anomaly: Feasibility Of Universal Healthcare, William Bernstein

Student Research and Publications

No abstract provided.

Book Review: Virtuous Bankers: A Day In The Life Of The Eighteenth-Century Bank Of England, David L. Cleeton

Faculty Publications – Economics

In Virtuous Bankers: A Day in the Life of the Eighteenth-Century Bank of England, Anne Murphy performs an exemplary feat of historical reconstruction. While most economic histories focus on the high-altitude movements of capital or the grand political maneuvers of central banks, Murphy descends into the dust and ink of Threadneedle Street. By framing her study as a single, composite day in the life, she transforms a dry institutional history into a sensory, professionally guided experience of the 1780s.

Feasibility Study For Lithium Mining In South Dakota, Neha Karna

Electronic Theses and Dissertations

The increasing demand for lithium in the battery manufacturing industry, boosted by the growth of electric vehicles and smartphones, has led to concern over its sustainable supply chain in the United States. Historically, South Dakota has played a significant role in U.S. lithium production. The recent surge of interest in lithium exploration in South Dakota, specifically Black Hills, underscores the importance of evaluating the feasibility of lithium mining in Black Hills. This research aims to study the economic feasibility of a lithium mining operation in Black Hills, South Dakota. Our specific objective is to estimate cut-off grade using Lane’s model …

Towards Energy Access For All: Developing The Lived Energy Experience Index (Leei), Kentina Annie Ishimwe

Electronic Theses and Dissertations

Energy is the fuel that powers the engine of civilization. Energy access metrics ensure that nations continuously work towards providing access for all. However, the prevalent binary indicator fails to consider that energy needs to be usable, accessible, affordable, and reliable. As a result, numerous tiered and multidimensional metrics, such as the Multi-Tier Framework, came about to bridge the gap but proved to be complex and complicated to implement. This study presents the existing literature review, assesses the limitations of current energy access measurement frameworks, and compares household energy needs with reported access statistics. Based on the findings, the Lived …

Economic Inequality And Family Formation In The United States, Elizabeth S. Krause

Theses and Dissertations--Economics

This dissertation evaluates economic inequality and family formation in the United States in three essays. In Essay 1, I estimate the effect of providing subsidized access to immediate postpartum contraceptives on birth spacing and infant health among low-income teen mothers. The intent-to-treat estimates indicate a 20% reduction in the monthly short-interval birth rate among teens 12-14 months after policy enactment. I also find evidence that the policy increased the average interval between births and reduced preterm and low-birth weight births and NICU admission rates. In Essay 2, I provide evidence that single mothers and single women without children are important …

The Future Of U.S. Higher Education: Equity Implications Of Shifting Immigration Policies, Research Institute For Social Equity Rise

Research Institute for Social Equity

This report examines the impact of U.S. immigration policies on higher education and international students from 2000 to 2025. It traces five major policy eras, from the post- 9/11 security overhaul and Obama-era expansion to the restrictive turns of 2017–2020 and 2025, and analyzes how shifting regulations have influenced enrollment patterns, economic contributions, and student well-being. Despite hosting more than 1.1 million international students in 2023–2024, the U.S. share of the global student market has fallen from 20% to 16%, underscoring how policy volatility and restrictive measures weaken national competitiveness. Drawing on federal data, scholarly research, and institutional reports, this …

Employment Preferences Of Favela Residents, Mayara Felix, Beatriz Marcoje, Ieda Matavelli, Maria Clara Rodrigues

Cowles Foundation Discussion Papers

We document employment preferences of workers at the margin of informality using open-ended questions and discrete choice experiments in Brazil’s largest favela complex. Stated preferences emphasize pay and tangible job benefits rather than meaning or purpose, while primary complaints center on poor management, customers, and inflexible schedules. Workers exhibit high valuations for all formal sector amenities on average—unemployment insurance, parental leave, and termination notice—as well as for learning opportunities, but lower for non-formal sector amenities such as shorter commutes. Valuations vary systematically by employment sector in ways consistent with sorting: formal workers value formal amenities most, the self-employed value them …

C.A.S. Full Assessment Report: State Of Florida Government Portal, Delante Clark

Graduate Scholarship and Creative Works

The purpose of this assessment is to evaluate the cognitive overhead, transparency, and attentional integrity of

official State of Florida digital interfaces using the Cognitive Attentional Standards (C.A.S.) platform.

While the Florida Digital Bill of Rights (FDBR) establishes strict regulatory guardrails for consumer data

transparency, tracking opt-outs, and attentional safeguards, the State of Florida explicitly exempts its own

government agencies, public universities, and non-profit entities from complying with these rules.

This assessment serves to investigate the tension between legislative intent and government execution. By

analyzing public sector websites through the C.A.S. platform, this project will establish a “state-enforced vs.

state-executed” …

A Practitioner’S Guide To Panel Data Quantile Regression, Antonio F. Galvao, Carlos Lamarche

Economics Faculty Publications

Quantile regression for panel data has become a common model of interest for econometricians and statisticians. The theoretical literature has addressed important questions, including identification, estimation, and statistical inference. Although recent advances have enabled practitioners to estimate flexible models under a wide range of assumptions, practical issues have not been fully addressed. In this paper, we offer a guide to empirical practice intended to help applied researchers navigate the challenges of estimation and inference for panel quantile models. We also present a series of practical recommendations and illustrations, emphasizing both “why” and the “how” to help researchers with the implementation …

Wedges: A Microeconomic Perspective On Misallocation, Lauren Falcao Bergquist, Danial Lashkari, Eric Verhoogen

Discussion Papers

This chapter takes stock of what has been learned from the recent micro-development literature about wedges—mechanisms generating dispersion in marginal revenue products of factors across firms, which are commonly interpreted as indicators of misallocation. We present a general theoretical framework that allows us to consider several different types of wedges simultaneously. We argue that it is important to distinguish between between technological wedges, which are present even in the efficient allocation that would be chosen by the social planner, and distortionary wedges, which are present in market equilibrium but not the social planner's allocation. Not all wedges, as we have …

Economic Development And The Environment, Kelsey Jack, Nicholas Ryan

Discussion Papers

Economic development relies on and transforms the environment. The transformation is evident in the poor environmental quality in many developing countries. For example, air quality in Southeast Asia is three times worse than in the United States, in sub-Saharan Africa four times worse and in South Asia more than six times worse. We model how environmental quality affects health, productivity and well-being and how individuals privately adapt to environmental hazards. We also model how collective action and formal regulation contribute to environmental quality. We draw three main findings from a review of empirical research on these mechanisms. First, individual adaptation …

Skipping The Factory: Service-Led Growth And Structural Transformation In The Developing World, Michael Peters, Youdon Zhang, Fabrizio Zilibotti

Discussion Papers

In today’s developing world, many economies appear to bypass industrialization and transition directly from agriculture to services. The largest rise in service employment has occurred in non-tradable consumer services, such as retail and hospitality, especially in urban areas, where many cities resemble consumer hubs built around local demand. These patterns of growth raise fundamental questions: Can service-led growth sustain improvements in living standards over time? Is service-led growth inherently biased toward affluent urban consumers? What role should policy play? To address these questions, we propose a parsimonious general equilibrium framework that incorporates non-homothetic preferences and locally non-tradable consumer services in …

An Examination Of Remittance Inflow Variation In Net-Emigration Countries, Andrew Rizko

CMC Senior Theses

This paper examines the structural and institutional determinants of remittance inflows in a panel of 40 net-emigration countries from 2000 to 2024. By restricting the sample to countries with negative average net migration, the analysis holds migration pressure constant and isolates the role of domestic conditions in explaining cross-country variation in remittance dependence. Using fixed effects and correlated random effects (Mundlak) estimators, I find that labor force participation is the most robust within-country determinant: a one percentage point increase is associated with approximately a 2.3 percent decline in remittance inflows, consistent with remittances functioning as a structural need in contexts …

Forecasting The Unpredictable: The Bullwhip Effect In The Toy Industry, Mannat Sethi

CMC Senior Theses

This thesis investigates the bullwhip effect, the amplification of demand variability as it moves upstream in a supply chain, with a focus on the toy industry, and comparative analysis with the technology and consumer goods sectors. Using annual data from 1993 to 2024, the study analyzes production and retail growth for Mattel, Hasbro, Intel, and Procter & Gamble to assess how variance between consumer demand and firm output has changed over time. Bullwhip ratios are calculated as the variance of production growth divided by the variance of retail growth across two periods: 1993–2008 and 2009–2024.

The findings show that toy …