Economics Commons^™

The Impact Of Corruption On Private Investment In The Mena Region: An Empirical Study On The Period Of 1996-2023, Mohamed A. El Regdawy

Theses and Dissertations

This study aims to examine and understand empirically the impact of corruption on private investment in the MENA region during the period of 1996-2023, as private investment is a key enabler for sustainable economic growth. To better understand such a relationship, a Pooled Mean Group estimator was implemented to figure out this relationship in both the short run and long run. The findings confirm that in the long run, within the context of MENA, corruption was used as a tool to overcome the lack of quality in the regulations that were supposed to enable the role of the private sector. …

Psychological Architecture: Evaluating The "Greenhouse Model" As A Structural Standard For Lgbtq+ Well-Being, Ava Lee

University Honors Theses

Traditional LGBTQ+ mental health frameworks often conceptualize psychological safety as a matter of individual endurance. This paper critiques this focus on adaptive resilience, which systematically shifts responsibility from institutions to individuals. To counter this, the study introduces "Psychological Architecture," a framework viewing social environments as constructed infrastructures that can either support or undermine queer well-being. The model contrasts performative "Glasshouses," which prioritize visibility over safety, with engineered "Greenhouses" that nurture sustainable safety through three sequential pillars: Authentic Representation (walls), Emotional Validation (insulation), and Vocal Activism (ventilation).

Grounded in the findings of a 2024 qualitative pilot study of a queer roller …

The Cleansing Effect Of Technological Investment: An Empirical Analysis Of Episodic Labor Market Polarization (2000–2010), Adam Murphy

University Honors Theses

This paper investigates the episodic nature of labor market polarization in the United States between 2000 and 2010. While the Skill-Biased Technological Change (SBTC) framework may have successfully explained the rise of inequality in the 1980s, it struggled to account for the wage stagnation and hollowing out of the middle class that followed in the 1990s and 2000s. Utilizing Task-Biased Technological Change (TBTC) as a primary lens, this study examines how the codification of routine tasks allowed for the widespread substitution of middle-skill labor by technological capital. By synthesizing IPUMS-CPS occupational data with Bureau of Economic Analysis (BEA) investment statistics, …

The Political Economy Of Mandatory Disclosure: A Literature Review, Hao Liang, Hanyu Zhang

Research Collection Lee Kong Chian School Of Business

Reviewing the literature on mandatory corporate disclosure from a political economy perspective, we synthesize the classic justifications for disclosure regulations while emphasizing why voluntary disclosure often fails to achieve socially efficient transparency. We also highlight how legal institutions, enforcement capacity, and political forces shape the design, credibility, and effectiveness of disclosure mandates. Drawing on evidence from international and China-focused studies, we review empirical findings on how mandatory disclosure affects investor protection, information environments, and firm behavior, showing that similar reporting rules yield different outcomes across institutional settings. We further extend the discussion to ESG and climate-related disclosure to examine emerging …

Mandates, Markets, And Megawatts: An Empirical Analysis Of The Causal Effects Of State-Level Energy Storage Mandates On Utility-Scale Battery Storage Deployment In The United States, Bill Zheng

Quantitative Social Science Undergraduate Senior Theses

Utility-scale battery storage is accelerating at an unprecedented pace as the world increasingly relies on renewable energies to power grids. Demand for data centers has produced record-high electricity demand, and utility-scale batteries are becoming crucial in supporting the grid and the variability of renewables. As a result, analysis on the efficacy of policy drivers of battery storage will provide the field with a roadmap for the most impactful policy solutions to spur battery storage deployment. This paper estimates the effect of state battery storage mandates on cumulative installed battery capacity using a staggered difference-in-differences (DiD) design following Callaway and Sant’Anna …

The Role Of Bank Portfolio Heterogeneity In The Fiscal Stimulus Policy In Indonesia, Michael Kusuma, Brigitha Mega Rebeca

BISNIS & BIROKRASI: Jurnal Ilmu Administrasi dan Organisasi

Fiscal stimulus transmission is often hindered by banking frictions from risk-averse behavior and channel specialization. To evaluate the fiscal stimulus policy in Indonesia, this study introduces a modified Input-Output (I-O) framework integrated with bank portfolio-based shock vectors. This approach captures banking frictions by incorporating institution-specific portfolio weights into the macro-simulation framework, providing a more realistic assessment than standard uniform-transmission assumptions. Three scenarios are simulated (policy design, interim realization, and expansionary response) to assess the macroeconomic impacts of credit concentration. The results reveal a significant gap between the initial policy design and its actual realization, generating an economic opportunity loss of …

The Impact Of Road Quality On Nearby House Prices, Michael Cary, Brad Humphreys

Economics Faculty Working Papers Series

This paper estimates the impact of road quality on house prices in Hamilton County, Ohio, USA which includes the city of Cincinnati. We use a hedonic regression framework using road segment level international roughness index (IRI) data as a measure of road quality. We find that rougher roads decrease house prices, with a one standard deviation increase in road roughness from the sample mean decreasing house prices by 3.5%. This equates to a $6,700 decrease in the value of an average priced home in our sample, demonstrating the importance of road quality and maintenance for local economic development.

The Effect Of State Abortion Restrictions On Female Labor Force Participation And School Enrollment, Elena T. Albano

Graduate Masters Theses

This paper examines the causal effect of state-level abortion restrictions on young women’s labor force participation and school enrollment following the Supreme Court’s 2022 decision in Dobbs v. Jackson Women’s Health Organization. Using a difference-in-differences design that exploits the cross-state variation in post-Dobbs abortion policies, I estimate that abortion bans led to a decline in combined school and labor force participation among young women by at least 1 percentage point. This effect is qualitatively robust to a triple difference specification that uses men as a within-state control group, confirming that the results do not reflect broader economic shocks specific to …

Joan Robinson Rate Of Interest Paper, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Robinson, J. (1960). The rate of interest. In Collected economic papers (Vol. 2, pp. 246–265). Basil Blackwell. (Reprinted from Econometrica, 1951, 19(2), 92–111).

The Relationship Between Government Bailouts And Risk-Taking Behavior In Banks: A Case Study From The Great Financial Crisis Of 2008-09, Derek J. Cameron

Economics Working Papers

This study seeks to determine whether the expectation of a government bailout in the event of a crisis incentivizes ex ante risk-taking in banks. Although this subject has been the subject of extensive research in both economics and finance, this specific paper differs from existing literature in that it uses a strictly empirical methodology with minimal theoretical modeling and few assumptions about the banking sector, while also considering the entire banking sector and limiting itself exclusively to ex ante bank investment decisions. This study employs data compiled from various sources about 11 American banks of various sizes between January 2002 …

Three Essays On Demand And Distribution, Alejandro Gonzalez

Arts & Sciences Graduate Student Theses and Dissertations

This dissertation answers two basic questions: what are the effects of aggregate demand on the long-run level of economic activity, and how do exogenous changes in the bargaining power of workers affect macroeconomic performance? The first chapter, written with Steven Fazzari, extends a simple Keynesian growth model to show that demand shocks can have permanent effects on labor productivity and labor supply. Estimating the model on U.S. data, we find that positive demand shocks raise labor productivity persistently, implying that stronger demand increases the long-run level of economic activity. The second chapter shows that these results can be rationalized within …

How Much Should A Conversational Recommender System Converse?, Akshit Kumar, Vahideh Manshadi, Akhilesh Tumu

Cowles Foundation Discussion Papers

Conversational recommender systems powered by generative AI can enhance personalization by facilitating information elicitation through follow-up questions. However, engaging in these conversations imposes a communication cost on users. As platforms with different objectives and monetization models deploy these systems, a central question is: how does the platform’s objective and sellers’ strategic response shape the design of these systems in terms of their elicitation strategy? We develop a parsimonious model of conversational elicitation in which interaction generates noisy preference information and imposes a communication cost borne by the user. A user-welfare-maximizing platform elicits more information when accurate niche matching yields large …

The Disconnect In Female Labour Force Participation Policy In Egypt: Design And Implementation Gaps, Miral Mohamed Omran

Theses and Dissertations

This study investigates the disconnect between Egypt's ambitious female labor force participation (FLFP) policy goals in the National Strategy for the Empowerment of Egyptian Women 2030 and the declining indicators since its launch. Applying Van Meter and Van Horn's implementation framework, it analyzes the full policy process using qualitative interviews across government, civil society, and private sector actors involved in the national policy’s design and execution. Findings reveal structural failures, resource shortages, coordination gaps, leadership turnover, and donor-driven fragmentation, intensified by cultural norms and frontline resistance. Recommendations prioritize short-term administrative tweaks leveraging public sector downsizing for harmonization and rethinking the …

Interest Rate Lecture, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). APE II interest rate lecture (Handwritten notes).
• Shaikh, A. (n.d.). Gibson's paradox (Unpublished manuscript).
• Shaikh, A. (n.d.). Interest rate patterns (Unpublished manuscript).

Open For Anti-Racism: Assignment Example, Dorina Tila

Open Educational Resources

Economists have scarcely investigated and analyzed the racial discrimination topic despite the prevalent presence of economic racism and inequality in the United States. For example, the article “Race and Racism in Economics” by Cihak, Mlachila, and Sahay (2020) present some shuttering findings. Out of 7,920 articles from the top 10 economic journals published during a decade from 2010-2020, only 0.2 percent cover issues of race, racial inequality, and racism. There is a scarcity of articles analyzing this topic that affects large communities.  However, students need to be exposed to this reality and some unintended consequences of regulations that might aim …

Art And Social Context Adorno, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Art and social context: Adorno [Unpublished lecture notes and outline]. The New School for Social Research. Unpublished.
• Adorno, T. W. (n.d.). Aesthetic theory [Unpublished excerpt or reading]. Unpublished.
• Adorno, T. W., & Horkheimer, M. (n.d.). Dialectic of enlightenment [Unpublished excerpt or reading]. Unpublished.
• Adorno, T. W. (n.d.). The culture industry: Enlightenment as mass deception [Unpublished excerpt or reading]. Unpublished.
• Shaikh, A. (n.d.). Handwritten annotations on Adorno and social context of art [Handwritten marginalia]. The New School for Social Research. Unpublished.

Crime, Economic Forces And Trucks Crossings In The Us–Mexico Border Region, René Cabral, André Varella Mollick, Eduardo Saucedo

School of Economics and Finance Faculty Publications

We investigate northbound loaded truck crossings from Mexico to the United States between 2015 and 2023. A weaker peso, exports and US industrial production positively affect loaded containers. Truck robberies at the municipal level show no statistically significant relationship with truck loadings, whereas truck robberies at the national and state levels present a negative, persistent association. Results suggest that Mexico–US trade would benefit from lower average Mexican crime rates. In addition to comparing Texas with other border states, this study documents the role of crime specific to the transportation sector as a negative relevant driver of truck crossings to the …

The Worker Voice Gap: How Much Say Do Workers Want—And How Much Do They Actually Experience?, Alexander Hertel-Fernandez, Thomas A. Kochan

Upjohn Institute Policy Papers

•The worker voice gap—the difference between the influence that workers want and what they experience—is very large. Nearly three-quarters of American workers want more voice at work than they currently have in three key areas: 1) compensation, 2) working conditions, and3) use of new technologies at work.

• The voice deficit is largest for compensation, but majorities of workers also express voice gaps over working conditions and the use of new technologies in their workplaces.

•Although voice gaps are relatively widespread, women tend to report larger voice gaps than men, and younger and middle-aged workers tend to report larger gaps …

American Struggle: Democracy, Dissent, And The Pursuit Of A More Perfect Union: An Anthology, Jay Nathan

Journal of Global Awareness

No abstract provided.

Fiscal And Monetary Policies For Inclusive Growth In Developing And Emerging Markets, Collins Anosike

Journal of Global Awareness

The study examined the effects of monetary and fiscal policies in attaining inclusive growth for some developing countries and emerging markets. The study selected 20 countries and grouped them into group one and group two. The study is unique because it captures a broader range of countries compared to previous studies and shows their effect on economic growth. We use panel data and employ OLS regression and Johansen cointegration. We examine how each variable, general government expenditure, gross national expenditure, total revenue, official exchange rate, broad money, and deposit interest rate, affects the dependent variable (real GDP) from 1980 to …

Women Self-Help Groups As Drivers Of Community Development In Rural Kenya, James Kariuki, Bhoke Chacha

Journal of Global Awareness

Self-Help Groups (SHGs) are informal grassroots associations of people who have similar objectives and concerns working cooperatively and collectively to meet their needs and improve their living conditions. SHGs are known to contribute towards the development and welfare of their members. This paper examines the role of SHGs in community development in Kenya with a focus on selected women groups in Migori and Makueni Counties. The study adopted a mixed research approach that provided both qualitative and quantitative data, and it was anchored on two interrelated theories of community development: empowerment theory and social capital theory. The researchers interviewed 80 …

Notes From The Editor, Jay Nathan

Journal of Global Awareness

No abstract provided.

Letter From The Editor, Jay Nathan

Journal of Global Awareness

No abstract provided.

Crop Yield Shocks And Conflict In Sub-Saharan Africa: Subnational Evidence From Satellite-Based Yield Predictions, Benson I. Adomako

Master's Theses

This paper examines whether crop yields affect violent conflict at the subnational level across seven Sub-Saharan African countries: Burkina Faso, Ethiopia, Mali, Malawi, Niger, Nigeria, and Tanzania, over the period 2010 to 2024. A central identification challenge is that observed yields are endogenous to conflict: armed violence disrupts planting, cultivation, and harvest. To address this, I train a machine learning model on observed maize yield and satellite and environmental features to generate predicted yields for 1,338 second-level administrative districts annually. These predictions serve as the key regressor in a two-way fixed-effects panel with district and year fixed effects. I find …

Trust, Civic Institutions, And Crisis: A Study Of Civic Culture In Italy, Nolan Joseph Sherwood

Master's Theses

This paper examines whether cultural familism — the orientation of trust toward family at the expense of strangers and civic institutions — shapes civic institutional engagement in Italy across three levels of analysis. The first analysis links four familism indices constructed from the European Values Study (2017) to pre-COVID municipal 5 per mille tax allocation rates across approximately 7,700 Italian municipalities, finding that higher Trust Gap and Institutional Distrust robustly predict lower baseline civic giving, both nationally and within each region. The second analysis uses a Regression Discontinuity in Time design exploiting the sharp onset of COVID-19 in 2020, finding …

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 …

Spatial Analysis Of Maize Yields And Household Dietary Diversity In Sub-Saharan Africa: Causal Evidence From A Machine Learning Instrument, Addi Joof

Master's Theses

MAIZE YIELDS AND HOUSEHOLD DIETARY DIVERSITY IN SUB-SAHARAN AFRICA: EVIDENCE ON THE CAUSAL EFFECT FROM A MACHINE LEARNING INSTRUMENT

Addi Joof, University of San Francisco, May 2026

This paper provides estimates of the effect of maize yield on household dietary diversity across seven Sub-Saharan African countries, using data from 36,474 maize-growing households in the Living Standards Measurement Study Integrated Surveys on Agriculture (LSMS-ISA) panels for the period 2008--2021. OLS estimates which include district and country-by-wave fixed effects yield a positive and significant coefficient of 0.070 (SE = 0.006, p < 0.001), implying that a 10 percent increase in maize yield raises the Household Dietary Diversity Score (HDDS) by approximately 0.007 food groups. Because self-reported yields are subject to classical measurement error and unobserved household characteristics confound the OLS estimate, we construct an instrumental variable using a Random Forest model trained on satellite-derived agro-environmental features including the Enhanced Vegetation Index, Normalized Difference Vegetation Index, Growing Degree Days, precipitation, and soil moisture obtained from Google Earth Engine at the GPS-coordinate-by-year level. Our preferred 2SLS specification, which adds region fixed effects to absorb persistent sub-national geographic variation, returns a positive point estimate of 0.217 (SE = 0.206; 95% CI: -0.19 to +0.63, p = 0.294) larger than OLS and consistent with downward attenuation bias, but imprecisely estimated and statistically indistinguishable from zero at conventional levels. We interpret the OLS estimate of 0.070 as a credible lower bound on the true effect, with the IV evidence pointing to a moderately larger but uncertain magnitude. Heterogeneity analysis reveals a declining gradient across consumption quintiles the effect is strongest among the poorest households (Q1: 0.055, p < 0.01) and diminishes with wealth (Q5: 0.015, not significant) while showing no gradient across market-integration levels. These patterns are consistent with own-consumption, rather than market income from surplus sales, as the primary pathway from yield to dietary diversity. OLS estimates are positive and significant in five of six estimable countries. The findings suggest that maize yield improvements can serve as a nutrition co-investment, particularly for subsistence-oriented smallholders, though the available data do not permit a sharp causal quantification of the effect size.

Keywords: dietary diversity, maize yields, instrumental variables, Sub-Saharan Africa, LSMS-ISA, satellite …

What Complexity Costs: Growth, Productive Capability, And The Vulnerability Of Interconnectedness, Pete Mcniff

Master's Theses

Growth depends on the sophistication of what an economy can produce, but economies that have specialized more deeply depend on the market access that sustains it. I test whether this dependence makes complex economies more vulnerable when access is disrupted, computing the Economic Complexity Index (ECI) from firm-level records in the U.S. Census of Manufactures (1850--1880) and using the Panic of 1873 as a natural experiment to measure county-level market access shocks from railroad bond defaults following Dutta (2024) and Donaldson and Hornbeck (2016). ECI predicts production and employment growth across all three decade windows, with the association strengthening as …

The Effects Of War Exposure On Psychological Well-Being And Social Preferences, Jacinta B. Duncan

Master's Theses

Using original survey and experimental data collected in Ukraine in 2023 and 2024, this paper estimates the causal impact of exposure to war-related violence on psychological outcomes, social preferences, and cognitive functioning. I combine a disaggregated war experience index with two incentivized economic experiments - a modified Dictator Game and an Emotional Stroop Test - and exploit randomized variation in task order as a priming treatment to establish causal identification. I find that war exposure has clear and consistently negative effects on psychological well-being, with direct personal experience producing the largest reduction in DASS well-being (β=−0.338 SD, p < 0.01), and that these effects are broadly distributed across demographic groups - though women report disproportionately higher psychological distress even at low levels of exposure. Social support emerges as the most effective buffer against war-related psychological harm, nearly eliminating the well-being gap between high- and low-exposure individuals, while economic hardship compounds distress and drives passive coping responses. In contrast, war exposure has limited and context-specific effects on social preferences: property loss and direct exposure increase prosocial behavior, but only when sharing is costless, consistent with solidarity norms operating within binding resource constraints. Cognitive task performance is largely unaffected by war exposure or emotional priming, with education emerging as the dominant predictor of Stroop performance across all specifications. Taken together, these findings support targeted, gender-sensitive mental health interventions and community-based support programs as high-leverage instruments for mitigating the long-term human costs of conflict.

The Evolution Of Economic Rhetoric And Its Correlation With The Marginalization Of Ethics In Economics, Mi Phan, Rhiannon Scharnhorst

Undergraduate Research (Journal)

Economic discourse has undergone a profound transformation from its moral-philosophical origins to contemporary mathematical formalism. This study examines whether the shift toward formalized economic writing resulted in the marginalization of explicit ethical reasoning. Through comparative textual analysis of twelve chapters from six influential works—spanning from Adam Smith’s Wealth of Nations (1776) to Milton Friedman’s methodological essays (1953)— the research identifies a pattern in which ethics is less and less prevalent. Pre-formalist economists like Smith and Marx integrated moral arguments directly into their analytical frameworks, examining questions of exploitation, justice, and social welfare as central to economic inquiry. Post-formalist economists, pursuing …