Growth and Development Commons^™

Airbnb And The End Of The Local, Nadia Beyersdorf

Theses and Dissertations

This thesis examines how second-home ownership and self-catered tourism reshape community life in Tenby, Wales. While gentrification research often focuses on permanent displacement, less attention has been given to the movement of temporary residents that erodes local culture, social ties, and transforms everyday relationships in coastal towns.

The Jamaica Now Leadership Council: A Study Of Stakeholder Participation In The Revitalization Of Downtown Jamaica, Queens, Melva M. Miller

Dissertations, Theses, and Capstone Projects

Urban revitalization in the United States has often been characterized by uneven community development, where marginalized communities bear the costs while receiving limited benefits. This dissertation examines how the dynamics of stakeholder participation impacts the practice of Community Economic Development (CED), focusing on the Jamaica Now Leadership Council (JNLC) as a case study. Formed to oversee the Jamaica Now Neighborhood Action Plan, the JNLC represents a model of inclusive, stakeholder-driven urban development aimed at addressing historical disinvestment and promoting equitable economic growth in Downtown Jamaica, Queens.

The study explores how power dynamics, stakeholder histories, and role expectations shape participation in …

Socioeconomic Inequalities Between The Bronx And Other Counties In New York City, Mexican Studies Institute Cuny, Eliana Checo-Genaoa

CUNY Mexican Studies Institute

The Bronx, despite its proximity to the other boroughs of New York City, has the highest poverty rates among them. Using data from 2010 to 2022, this study examines the socioeconomic disparities between the Bronx and Brooklyn, Manhattan, Queens, and Staten Island. Key indicators analyzed include poverty levels, SNAP benefits, unemployment rates, median income, educational attainment, homeownership rates, business creation, and GDP per capita. Our study reveals that the Bronx has the highest poverty, unemployment, and SNAP benefit dependency rates, lower educational attainment, and the lowest median income and homeownership rates. Our findings underscore the persistent socioeconomic challenges faced by …

Essays On Structural Transformation And Inequality, Yaoqi Lin

Dissertations, Theses, and Capstone Projects

Chapter 1: In this chapter, I replace the Cobb–Douglas production function in Acemoglu and Guerrieri (2008) with a two-sector model using the CES production technology to analyze how the U.S. capital deepening process must cause unbalanced growth. The U.S. economy is classified into labor- and capital-intensive sectors. My model shows that due to the difference in the two sectors' elasticities of substitution between capital and labor, capital deepening leads to a growing concentration of labor in the labor-intensive sector, but a continuous reallocation of capital away from this sector. This causes sector outputs to increase at different rates. Combined with …

Does Low-Income Housing Change Neighborhoods? Evidence From The Low Income Housing Tax Credit Program, Maria Dikler

Theses and Dissertations

This paper examines how LIHTC developments affect a census tract's characteristics. The results indicate that tracts with LIHTC developments have increased education, poverty, diversity, renters, and multi-family buildings. These tracts also have decreased household incomes and rents. However, the study reveals no significant effects on labor force participation or employment.

Information, Communication, And Technology In Developing Countries: The Impediment To Nigeria Economic Growth, Fatima Ali Muhammed

Dissertations and Theses

Technological revolution has shifted the world to a post-industrial society as information communication and technology (ICT) govern the centrality of human interaction. ICT has become widely influential at all levels of life, especially socially and economically.

In the 21st century, innovative technologies have become a crucial element of accelerating all factors of production to deliver rapid and effective results in every sector of the economy. The Internet, as a component of ICT, has become the global computing network that facilitates the access, analysis and dissemination of infinite information rapidly using advanced technology.

Policy makers, researchers, business leaders, academics are all …

Essays On Inequality, Growth, And Economic Policy, Philipp E. Erfurth

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that study inequality and regional economics in a historical and development context.

The first chapter examines regional inequality among Habsburg regions from the 19th century to today’s EU by using Geographic Information Systems (GIS) software to recreate historical regions in present-day projections. The findings suggests that regional disparities are markedly higher today than in the 19th century, despite rapid convergence in the past two decades. The study thus provides evidence of retrospective determinism in the study of the Habsburg economy and suggests that, although regional EU policy has been successful over the past two …

Essays On Federalism And Local Finance In China, Jiakai Zhang

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that cover topics on federalism and local finance in China.

Chapter 1 - Economic Growth, Fiscal Inequality and Fiscal Decentralization: Evidence from China.

This paper investigates the impact of inequality in the geographic distribution of fiscal resources on regional economic growth under fiscal decentralization policy in the context of China's experience, using panel data for 28 provinces over the period 1987–2010. In the recent past, the structure of decentralized government in China has undergone two significant fiscal reforms: the ``Fiscal Responsibility System" (FRS) in 1987-1993, and the ``Tax Sharing System" (TSS) in 1994. I …

Essays On Social Mobility And Distribution, Luis A. Monroy Gómez Franco

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters on the relationship between immutable characteristics of a person (also known as circumstances) and the intergenerational social mobility experienced by them, as well as their human capital accumulation. It pays particular attention to the role played by the economic resources of the household of origin in producing differences in the economic outcomes across persons.

In the first chapter, I show that the decomposition of intergenerational persistence indicators into their structural and positional components offers a clearer understanding of the determinants of heterogeneity in subnational mobility rates. The crucial element for the separate analysis of …

Macroeconomic Adjustments Of Global Convergence: Real Exchange Rate Response Of Asia-Pacific Growth, Kumarappan Annamalai

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters.

Chapter 1 : PURCHASING POWER PARITY, REAL EXCHANGE RATE, PRICE LEVEL INDEX and HARROD-BALASSA-SAMUELSON EFFECT: LITERATURE SURVEY

In the light of the concepts explained in the introduction section, this chapter explores the seminal papers on the Purchasing Power Parity principle, the Real Exchange rate, and the Price Level Index, showing the evolution of PPP and the methodologies adopted in exploring the characteristics of PPP and the real exchange rates. Various characteristics might be stationarity or non-stationarity of the real exchange rates (RER), variance, correlation, half-life measures, linearity versus non-linearity, etc. Various methodologies adopted were …

Essays On Intergenerational Mobility In Education, Ercio A. Munoz Saavedra

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that investigate intergenerational mobility in education in Chile, and Latin America and the Caribbean.

Chapter 1: In this chapter, I estimate intergenerational mobility (IGM) in education using data from 91 censuses that span 24 countries in Latin America and the Caribbean (LAC) over half a century. I measure upward mobility as the likelihood of obtaining at least a primary education for individuals whose parents did not finish primary school, whereas downward mobility as the likelihood of failing to complete primary education for individuals whose parents completed at least primary school. In addition, I …

Essays In Macroeconomic Policy, Meng-Ting Chen

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that cover topics on macroeconomic policies.

Chapter 1 - Markups, Labor Share, and Wage Dispersion.

Increasing market power has an impact on labor market behavior. This paper argues that the decline in the aggregate wage after 1980 comes from both increasing aggregate product markup and decreasing aggregate labor markdown. Most of the decline is driven by the sharp decline in lower wage percentiles, which also contributes to the increasing wage dispersion. Further, both firms’ monopoly and monopsony power play important roles in explaining the decline in the aggregate labor share. I build a heterogeneous …

Financial Openness And Economic Growth, Doo Kyun Wang

Dissertations, Theses, and Capstone Projects

An ongoing controversy in economics relates to the effect of financial openness on economic growth. Despite their longstanding nature, these questions are not easily resolved. Theoretically, capital market liberalization can lower the cost of capital. Given perfect international capital mobility, this can cause factor price equalization and finally accelerate economic growth. In contrast with the strong theoretical argument, empirical studies on the effect financial openness have on growth are still inconclusive.

Given the diverse perspective, the goal of this paper is to further investigate the role and effect of financial openness on economic growth in different time periods and at …

Essays In Development Macroeconomics, Miguel Orozco Vazquez

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that cover topics on development macroeconomics.

Chapter 1 - Misallocation of Resources and Total Factor Productivity: Evidence from Mexico. This paper aims to measure the gross output loss due to misallocation of resources in the manufacturing and service sectors in Mexico during 2008-2018 and identify the inputs of production related to it. To do so, I use Mexican Economic Censuses and an extension of Hsieh and Klenow (2009). I also include resource misallocation computations using data processed with a Bayesian model for editing and imputing data to correct for measurement error (MEC data), which …

Rental Discrimination On The Basis Of Immigration Status, Diego S. Osorio

Theses and Dissertations

We employ a field experiment to assess the degree of housing discrimination against Hispanic immigrants versus someone with Hispanic heritage. The results indicate that individuals who indicate that they are immigrants in their rental applications are less likely to receive a response.

Relationship Between Intergenerational Mobility (Igm) And Economic Growth: Evidence From Cross-Country Data, Swapnil Landge

Publications and Research

Inequality of opportunity (IGM) is a major cause of inequality of opportunity in many countries. However, the impact of IGM on economic growth has not been fully explored. In this research project, I first replicated and extended the IMF working paper titled IGM, IGM, and Economic Growth’ by Shekhar Aiyar and Christian Ebeke (2019), which explored the relationship between income inequality and economic growth, utilizing various measures of intergenerational mobility, to confirm that the adverse impact of income inequality on growth is more pronounced when IGM is lower. Then, I used the latest Gini dataset (All the Ginis’) compiled by …

The Nexus Of Climate Change, Biodiversity, And Food Security: A Brazil Case Study, Andrew M. Berger

Dissertations and Theses

What is referred to as climate change today is the rapid warming of the climate, largely from human actions, and the effects that come with that warming. One study published by the United States Department of Agriculture (USDA) in 2021 argues that, “human-induced emissions of greenhouse gases have caused increases in global average temperatures, changes in precipitation timing and intensity, rising sea levels, and many other changes.” A Food and Agriculture Organization (FAO) study found that when looking at the number of countries exposed to climate extremes in five year periods from 2000 to 2020, the number of countries “exposed …

Institutions, State Capacity, And Intra-State Conflict: Evidence From A Decade-Long Civil War In Nepal, Nishant Yonzan

Dissertations, Theses, and Capstone Projects

First, while mass armed civil conflicts predominantly occur in weak states, which are states that lack state capacity, it is unclear why not all weak states experience mass armed civil conflict. Second, political stability and highly unequal distribution of resources are opposing forces that are unlikely to coexist together. However, highly unequal societies have existed with relative stability. Indeed, cross-country literature on civil war finds little relationship between conflict and unequal distribution of resources. This dissertation attempts to address these issues using the Civil War in Nepal which lasted from 1996 to 2006.

Institutions are fundamental for the proper functioning …

The Logic Of The Land: The Agrarian Roots Of Uneven Development In Brazil, Chris Carlson

Dissertations, Theses, and Capstone Projects

This dissertation seeks to explain the highly uneven pattern of economic development in Brazil during the 20^th century. Stark development differences between the northern and southern regions of the country have long been a problem of concern to scholars and policymakers and have generated a number of studies over the years. However, none of these have gotten to the root of the problem, and state policy has never adequately addressed the regional disparities. This study puts forth a new theory of uneven development based on the different ways that agricultural production has come to be organized in different parts …

Public Debt, Its Impact On Gdp & Crowding Out Effect: Evidence From The Usa, Swapnil Landge

Publications and Research

In this study, we examined the long-term relationship between public debt, GDP, private investment, and interest rates. We found two significant long-term relationships among these variables. First, interest rates are positively correlated with public debt and negatively correlated with GDP. Second, private investment is negatively correlated with public debt and positively correlated with GDP. These findings suggest the presence of a crowding out effect, where public debt limits private investment by increasing interest rates and reducing access to available funds.

Essays On Trade Liberalization, Structural Change, And Technical Efficiency, Li Zhao

Dissertations, Theses, and Capstone Projects

A recent and growing literature analyzes differential growth across regions of Asia, Latin America, and Sub Saharan Africa. The structural change of labor reallocation is an important determinant of growth in developing countries having large productivity gaps across sectors within the border. Therefore, sectoral characteristics are still an important determinant of cross-region studies. In addition, it is well-known that labor reallocation across economic sectors does not automatically occur without external shocks, especially from international trade.

However, recent studies debate the importance of trade policy as more research focuses on the cost of transportation and communication in international trade and economic …

The Effects Of Eighth Years Of Compulsory Schooling Enforcement In Turkey, Muhammed Tumay

Dissertations, Theses, and Capstone Projects

This dissertation consists of two chapters that cover Education, Labor and Health Economics.

Chapter 1. Impacts of Compulsory Schooling Reform on Higher Education and Intergenerational Educational Mobility: we estimate the effects of an exogenous increase in mandatory schooling (5 years to 8 years of schooling), as a result of a change in compulsory schooling law, on higher education, potential intergenerational educational mobility, and labor market outcomes among women in Turkey. Our empirical strategy addresses a well-known identification problem where women’s years of schooling are endogenous to individual characteristics. The Law took effect in 1997, whereby girls born before January …

Brave New World - The Rise Of Cities Globally: Urbanizationmeets Technological Innovation And Digitization, Rhonda S. Binda

Open Educational Resources

The trifecta of globalization, urbanization and digitization have created new opportunities and challenges across our nation, cities, boroughs and urban centers. Cities are in a unique position at the center of commerce and technology becoming hubs for innovation and practical application of emerging technology. In this rapidly changing 24/7 digitized world, city governments worldwide are leveraging innovation and technology to become more effective, efficient, transparent and to be able to better plan for and anticipate the needs of its citizens, businesses and community organizations. This class will provide the framework for how cities and communities can become smarter and more …

Essays In Macroeconomics Of Emerging Markets, Miguel Acosta Henao

Dissertations, Theses, and Capstone Projects

Chapter 1. Law enforcement and the size of the informal sector.

I assemble new cross-country evidence showing that contrary to the standard view, the relationship between the size of the informal sector and tax rates is, at best, ambiguous. Law enforcement and informality also show no clear relation. Motivated by these findings, I augment a standard two-sector (formal and informal) small open economy model with endogenous law enforcement that depends on the size of the informal sector (measured by its assets) and government expenditure. I use a micro-dataset from Colombia to show that both taxes and law enforcement are necessary …

Female Labor Force Participation And Economic Growth: Granger Causality Test, Zulakha Rahman

Theses and Dissertations

Does rising female labor force participation precede economic growth, or does the relationship run in the other direction? This paper addresses this question by performing a Granger causality test to examine the relationship between economic growth and female labor force participation worldwide. The economic growth –is measured in two ways: using Growth Domestic Product, Purchasing Power Parity (constant 2011 international dollar) and Growth Domestic Product using local currency units. The test uses a completely balanced panel dataset spanning over 28 years from 1990 to 2018 and using 151 countries for Purchasing Power Parity dataset and 154 countries in GDP in …

From Neoliberalism To Socialism: Reimagining Socialism In Africa, Kiiru Gichuru

Dissertations and Theses

Abstract. For many scholars, pundits, policy makers, and citizens alike, Africa’s persistent maldevelopment has continued to defy the usual International Monetary Fund (IMF), World Bank, and foreign aid prescriptions that are, at times, peddled as silver bullets to the African conundrum. Beginning in the late 1970s, loans from the IMF and World Bank required African governments to implement certain conditions that were supposed to address public sector mismanagement, illiberal trade policies, low foreign investment, and state development. These austerity measures were designed to usher in an era of financial growth that would enable Africa to join the ranks of developed …

Financial Development And Economic Growth, Chiau-Jiun Jiang

Dissertations and Theses

This paper purposes to discuss the relationship between the financial development and economic growth. In the past, most studies related to the influence of financial development on economic growth used cross-sectional analysis or time series analysis. However, the cross-sectional analysis cannot explain the long-term trend of the time series, and the time series is unable to explain the multiple samples of the cross-section. Based on Arellano and Bond (1991), and Arellano and Bover (1995), this paper utilizes the panel data model to discuss financial development and economic growth. The results point out that bank credit in total GDP and capitalization …

The Effect Of Perceived Corruption On Voter Turnout In Post-Communist Countries In The European Union: Evidence From The Life In Transition Survey Iii, Ivana Pancurakova

Theses and Dissertations

This paper measures the effect of perceived corruption on voting in post-communist countries in the EU using probit models, Dong and Lewbel’s special estimator, and two stage least squares models. Corruption has a significant and negative effect on voter turnout even when controlling for the endogeneity in the corruption variable.

Immigration, Small Business And Assimilation: Three Stories Of Small-Time Capitalism On The Lower East Side, Marcus Hillman

Dissertations, Theses, and Capstone Projects

Small businesses in New York City have often been a catalyst to assimilation for individual immigrants, their families and their communities. For this capstone project, I have recorded conversations with three small-time entrepreneurs on the Lower East Side of Manhattan and created a narrative audio piece that explores some of the important and study-worthy characteristics of New York City including economic opportunities in the city, immigration, assimilation and the ways that New Yorkers share space, just to name a few. These themes are threads that ran through all three of the conversations that I had and are crucial elements of …

The Effect Of Outward Foreign Direct Investment On Exports In Japan During The Lost Decade, 1985-2005, Alexandros Ladas

Dissertations and Theses

This study will utilize an OLS analysis of the panel data coming from various databases such as the World Bank, Federal Reserve and etc. to determine if there exists a significant correlation between the exports of Japan and its foreign direct investment (FDI) in the period of 1985-2005 with nearby trading partners of which include the countries of ASEAN, China and South Korea. In addition, a selection of supplemental factors will be used to determine if they also possess any significance with exports. These factors include: the exchange rate of the Japanese yen with the currency of the trading partner …