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Articles 1 - 16 of 16

Full-Text Articles in Econometrics

Unraveling The Enigma Of Japan’S Lost Decades: An Econometrics Study Using Var Model, Mingche Sun Jan 2023

Unraveling The Enigma Of Japan’S Lost Decades: An Econometrics Study Using Var Model, Mingche Sun

Senior Projects Spring 2023

This paper investigates the driving factors of Japan’s stagnation for over 20 years. Through reading various studies and reports, the main factors considered in this econometric study are the government policies, including fiscal and monetary policies, demographic change, and the international competition. These are represented by government spending, interest rates, age dependency ratio, and net export, respectively. The Vector Autoregression (VAR) Model is used in two separate periods. The findings show that for the first period (1991-2000), the age dependency ratio, net exports and interest rate slowed down the economy; however, for the second period, the net exports became the …


What It Takes To Be The Best: The Competitive Balance In Formula 1 Racing, Dylan Jung Jan 2023

What It Takes To Be The Best: The Competitive Balance In Formula 1 Racing, Dylan Jung

Senior Projects Spring 2023

Competitive balance is an essential aspect of sports that ensures every team or player has a fair chance of winning, which creates a level playing field. It refers to the degree of parity between teams or players in a particular sport, and it is a critical factor that contributes to the overall excitement and engagement of fans. A lack of competitive balance can lead to decrease fan engagement and interest, which can ultimately impact the financial viability of the sport. The results of this study have provided valuable insights into the concept of competitive balance in Formula One. Maintaining competitive …


The Foundations Of Behavioral Finance: A Case Study Of Robinhood Users And The Impact Of Biases In Financial Markets, Robert Michael Arciola Jan 2022

The Foundations Of Behavioral Finance: A Case Study Of Robinhood Users And The Impact Of Biases In Financial Markets, Robert Michael Arciola

Senior Projects Spring 2022

Financial markets play a vital role in economies around the world. They facilitate the interactivity between those who are in need of capital and those with capital to invest. While its own separate entity, the stock market is correlated with the economy in various ways in which one may significantly impact the other on a regular basis. Thus, investors and firms participating in markets have much power in influencing the economy. Human behavior is prone to biases that are not accounted for in standard finance theory but is the subject of behavioral economics by utilizing psychology and sociology to aid …


Llamas No Son Ovejas The Pervasive Impacts Of Colonization On Indigenous Peoples Labor Market Choices In Peru: An Examination Of Exclusionary Institutions Through Sociohistorical And Economic Lenses, Molly Jeanne Devine Jan 2021

Llamas No Son Ovejas The Pervasive Impacts Of Colonization On Indigenous Peoples Labor Market Choices In Peru: An Examination Of Exclusionary Institutions Through Sociohistorical And Economic Lenses, Molly Jeanne Devine

Senior Projects Spring 2021

Using historical and empirical evidence, this Senior Project looks at the long-term impacts of colonization on economic, social, and cultural institutions. This project explores impacts both immediately upon Spanish arrival in 1532, and created during the Spanish colonization of Peru. Systems of forced labor created through colonization created two separate paths of development: one for the Spanish and Spanish-selected Peruvian elite and another for the Indigenous people of Peru. Vestiges of the Spanish colonization of Peru continue to manifest themselves in modern times in many ways. This Senior Project examines the link between Indigenous individuals and their participation in the …


Migration And Neoliberalism: Do Diasporas Facilitate Pro-Market Policies At Home? Policies, Veronika Elizebeth Gillis Jan 2020

Migration And Neoliberalism: Do Diasporas Facilitate Pro-Market Policies At Home? Policies, Veronika Elizebeth Gillis

Senior Projects Spring 2020

The recent shift in migration literature towards a focus on migrant sending countries has been characterized by a negative impact of remittances on human rights and other political institutions. Furthering this literature, we claim that remittances increase neoliberal reforms in migrant sending countries. Given the multiplicity of incentives to support neoliberal policies on the part of the migrant, the remittance receiver, and the sending country’s government, we expect the remittance share of GDP to positively influence the presence of neoliberal policies in the migrant-sending country. Using the Fraser Institute’s Economic Freedom Index as a proxy for neoliberalism, we implement an …


Does Financial Liberalization Increase Corruption?: Evidence From A Panel Analysis, Pranjal Sudhir Ghate Jan 2018

Does Financial Liberalization Increase Corruption?: Evidence From A Panel Analysis, Pranjal Sudhir Ghate

Senior Projects Spring 2018

This project investigates whether financial liberalization increases corruption on a global level. Arguments put forward by international institutions such as the World Bank and the IMF claim that financial globalization will reduce corruption. However, the experience of India suggests that opening up financial markets might have increased corruption. This project tests whether this experience is generalizable worldwide. I find evidence for the conjecture that financial liberalization increased corruption in a panel analysis using random effects and lagged independent variable.


Modernization Losers, Political Winners: Assessing The Role Of The Declining Position Of Labor In Right-Wing Electoral Successes Across Western Europe, Eva-Marie C. Quinones Jan 2017

Modernization Losers, Political Winners: Assessing The Role Of The Declining Position Of Labor In Right-Wing Electoral Successes Across Western Europe, Eva-Marie C. Quinones

Senior Projects Spring 2017

This Senior Project advances the modernization losers thesis, wherein the electoral successes of the far right in Western Europe are attributable to neoliberal fiscal policy, labor market shifts, and the institutional structure of the euro. Building on an existing body of literature that primarily assesses voting behavior through survey research, this paper assesses the relationship between right-wing electoral successes and the socioeconomic status of semi-skilled, blue-collar laborers thought to comprise the core voting base of extreme right parties, by using panel data at the national and provincial levels to answer the question, “To what extent has the declining position of …


Are Immigrants The Next Great Appliance? The Effects Of Immigration On Female Labor Force Participation, Logan Daniel Callahan Jan 2017

Are Immigrants The Next Great Appliance? The Effects Of Immigration On Female Labor Force Participation, Logan Daniel Callahan

Senior Projects Spring 2017

This paper argues the burgeoning idea that an inflow of low-skilled immigrants into a receiving country can provide benefits for high-skilled native women. In considering the often increased responsibilities held by women in the household, when compared to men, the introduction of immigrants of certain occupations can help ease these responsibilities. A series of regressions explain that the effect is statistically significant, especially when considering low-skilled female immigrants. Policy implications are discussed as well as areas for future research. The paper concludes with a brief secondary theory and discourse on the labor constraints of women.


Does Globalization Enhance Countries’ Ability To Combat Human Trafficking?, Yewen Zeng Jan 2017

Does Globalization Enhance Countries’ Ability To Combat Human Trafficking?, Yewen Zeng

Senior Projects Spring 2017

There is much literature that argues that human trafficking (HT) is actually a down side of globalization since HT increased dramatically with globalization during the mid-1980s. However, it must be acknowledged that globalization is not the inherent cause of HT but an intermediary that helps to achieve it. Although much literature studies the nexus of globalization and human trafficking, there is a lack of publications to analyze the future impact of globalization on combating human trafficking. This project aims to fill the gap by providing an empirical analysis of whether globalization enhances countries’ ability to combat HT or not. This …


The Political Economy Of State-Level Emergency Unemployment Relief: The Case Of The New York Tera, 1931-37, Hasani J. Gunn Jan 2017

The Political Economy Of State-Level Emergency Unemployment Relief: The Case Of The New York Tera, 1931-37, Hasani J. Gunn

Senior Projects Fall 2017

Governor Franklin D. Roosevelt created The New York State Temporary Emergency Relief Administration (TERA) in response to the Great Depression. Operating from 1931-37, this state-level jobs-and-income style policy featured comprehensive in-kind assistance, “home relief,” and emergency unemployment relief, “work relief.” Though the program is fascinating just in this respect, it has been systematically overshadowed by the alphabet soup of New Deal era relief policies. We revisit the TERA to shed light on what it offered to the people of NY and, overall, what it offered to the economy. We find significant evidence that the program stabilized the State economy by …


Making The Male Manager: Can Non-Cognitive Skills Explain The Glass Ceiling?, Nora Paget Harrington Jan 2017

Making The Male Manager: Can Non-Cognitive Skills Explain The Glass Ceiling?, Nora Paget Harrington

Senior Projects Spring 2017

Abstract: This project examines whether men and women’s non-cognitive skills —or personality characteristics— influence their respective occupational attainment. I take an interdisciplinary approach to inform my hypothesis by incorporating psychological and sociological theories on the production and reproduction of gender roles in order to understand why men and women may systematically differ along some personality dimensions. I use linear probability and probit models to measure the effect of the non-cognitive traits, locus of control, self-esteem, and risk tolerance on the probability of being a manager. In both models I find that an internal locus of control, high self-esteem, and high …


A Microdata Analysis Of The Gender Pay Gap In South Korea: How Do Social Norms And Gender Role Attitudes Affect The Labor Force Participation Of Korean Women?, Yoonhee Park Jan 2016

A Microdata Analysis Of The Gender Pay Gap In South Korea: How Do Social Norms And Gender Role Attitudes Affect The Labor Force Participation Of Korean Women?, Yoonhee Park

Senior Projects Spring 2016

Senior Project submitted to The Division of Social Studies of Bard College.


The Macroeconomics Of The Declining U.S. Labor Share: A Debt-Led Explanation, Alex Jianan Xu Jan 2015

The Macroeconomics Of The Declining U.S. Labor Share: A Debt-Led Explanation, Alex Jianan Xu

Senior Projects Spring 2015

This paper aims to answer two major conundrums in macroeconomic theory with regards to the U.S. economy. First, standard macroeconomic models such as Harrod-Domar and Solow theoryze that factor shares are constant; however, actual measures of the U.S. labor share have been on a downward trend since the early 1980s. The second conundrum relates to the Post-Kaleckian wage-led or profit-led view of economic growth. It indicates that a fall in the labor share in a wage-led economy will result in a fall in aggregate demand (due to deceases in consumption), and an increase in aggregate demand in a profit-led economy …


Incidental Emotions And Trust Decisions: Visceral Influences On Economic Behavior, Idan Aviv Elmelech Jan 2014

Incidental Emotions And Trust Decisions: Visceral Influences On Economic Behavior, Idan Aviv Elmelech

Senior Projects Spring 2014

In recent years, trust has emerged as a key concept in the understanding of cooperation between individuals and organizations. It has been implicated as an important variable in topics ranging from individual decision-making in finance, to macroeconomic growth and stability in developing countries. This thesis employs an experimental design to investigate the impact of emotions on trust behavior. In the experiment, emotion was induced in participants who then played a basic trust game originally proposed by Berg, Dickhaut, & McCabe (1995). Results indicate that emotions do impact trust, with anger decreasing trust behavior. However, the data also reveal that individual …


Southeast Asia's International Production Networks: Implications For Macroeconomic Stability, Abigail Eliana Zwick Jan 2013

Southeast Asia's International Production Networks: Implications For Macroeconomic Stability, Abigail Eliana Zwick

Senior Projects Spring 2013

Using the case of five Southeast Asian countries - Indonesia, Malaysia, Thailand, Singapore, and the Philippines - this paper examines the relationship between participation in international production networks and the volatility of export values in small, open developing economies. The region’s growth has been driven by the electronics and automotive industries over the past two decades, industries that rely on a system of intra-regional intermediate goods trade. While these countries diversified out of the agricultural industries in part to reduce volatility, there is evidence that they face new volatility risks in the new industries, as a result of dependence on …


The Financial Instability Hypothesis, Disaggregated Finance And The Structure Of Econometric Models, Hyman P. Minsky Ph.D., Laurence H. Meyer Ph.D. Dec 1972

The Financial Instability Hypothesis, Disaggregated Finance And The Structure Of Econometric Models, Hyman P. Minsky Ph.D., Laurence H. Meyer Ph.D.

Hyman P. Minsky Archive

Paper presented at the Econometric Society, Toronto, Ontario, Canada, December 28, 1972.