International Economics Commons^™

The Writing On The Wall: The Rise Of Applied Ai And The Life-Or-Death Choice Every Ceo Must Make Now, Gary Sheng, Ron Roberts

Digital Laboratory: Publisher of Internet Journal

Applied AI is putting AI to its highest and best use: running your organization as autonomously as possible so you can deliver value for humanity while maximizing the scale of the value. The economy is splitting. Organizations that adopt applied AI are expanding their capacity, accelerating their impact, and pulling ahead. Those that don't are quietly becoming irrelevant, not because they're doing bad work, but because the gap between what they can do and what the moment requires is widening every day. This is not a technology question. It is a leadership question. This paper is written for organizational leaders, …

Drowning Prevention In The West: Who Did It Better?, Arran Hedley

University Honors Theses

This paper aims to communicate the differences on how the US, UK and Australia have approached drowning prevention in each of their nations. This paper addresses drowning statistics within each nation, national, state and local policies, access to public facilities, and the preventative strategies, swim lessons and Lifeguarding. These are the criteria each nation is being graded upon, because each criteria is a factor that can help mitigate drowning deaths.

For literature around this subject, there are many papers on each individual nation's approach to drowning but in researching there does not appear to be a comparison of the nations' …

U.S. Foreign Aid’S Effects On Un Voting Patterns From Years 2017-2023, Brody Young

Undergraduate Theses

This is a study of the relationship between U.S. Foreign Aid and its effects on a receiving nation’s voting coincidence, with voting coincidence measuring how often a nation votes the same as the U.S. in the UN General Assembly. In this study the dependent variable is voting coincidence in the UN General Assembly. The primary independent variable is the average amount of foreign aid UN nations have received from the U.S. in 2017-2023. With several other more minor independent variables including average GDP of nations from 2017-2023, the average population of a nation from 2017-2023, whether a nation is a …

Us‐China Trade War: Heterogeneous Effects On The Us Consumer, Michael Dedad, Sucharita Ghosh

University Research

This paper meticulously investigates how the US-China trade war of 2018–19 affected nondurable consumption patterns for households across the United States. Using highly granular NielsenIQ barcode scanner data, we find that a 1 percentage point (pp) increase in a county's tariff exposure growth was associated with a decrease in nondurable consumption growth ranging between 0.593 pp and 2.163 pp. Notably, this relationship existed for employed households but not for those without employment, and it was not confined to those working in manufacturing and farming. Additionally, households with children had lower consumption growth as tariff exposure increased, and the relationship was …

How Changes In Mexican Immigration To The United States Affect Mexican Labor Markets, Gonzalo Ares De Parga-Regalado, Marta Prato

Upjohn Institute Policy and Research Briefs

No abstract provided.

The Effects Of Declining U.S. Immigration On Local Labor Markets In Mexico, Gonzalo Ares De Parga-Regalado, Marta Prato

Upjohn Institute Working Papers

This paper examines how declining migration opportunities to the United States affect local labor markets in Mexico. Using novel micro-level data from consular identification cards and deportations, we link individuals’ Mexican municipalities of origin to their U.S. destination states. We implement a shift-share design based on historical migration networks and exploit regional variation in exposure to changes in U.S. migration flows between 2017 and 2022 to identify the local labor market effects of reduced emigration while controlling for involuntary repatriations. While we find no impact on overall employment rates, regions more exposed to the decline in migration experience an increase …

The Smu Trade Dashboard: Tracking And Quantifying The Trump Ii Tariffs, Pao-Li Chang, Ruoqing Chen, Lin Ma

Research Collection School Of Economics

The SMU Trade Dashboard (https://economics.smu.edu.sg/soetrade/tr ade-dashboard), developed by the SMU Center for Research on International Trade, consists of Tariff Tracker and Trade Simulation functions. The Tariff Tracker allows users to track the tariff applicable to an HS 6-digit product or an ISIC 2-digit sector bymarkets and country origins. The Trade Simulation presents quantitative simulation results of the effects of Trump II tariffs (and the associated tariff responses by its trading partners) on trade flows, welfare, and wages. This companion paper documents the methodologies underlying the tariff data collection protocol and the structuralsimulation designs.

The Future Of West African Cacao Farming, Kathryn Lesniewski

CAFE Symposium 2026

This poster covers the detrimental impact climate change has had on the West African cacao farming industry. It also covers long and short term solutions to climate change, and how the global chocolate market has been impacted by climate change.

Projecting Inflation Tail Risks In A Small Open Economy: Some Evidence From Singapore, Hwee Kwan Chow-Tan, Jordan Lee

Research Collection School Of Economics

This study empirically assesses the drivers of risks to the inflation outlook for a small open economy like Singapore. We apply the inflation-at-risk framework of López-Salido and Loria (2020) and incorporate projections from the Survey of Professional Forecasters (SPF) as point forecasts of inflation. Our findings show that macro-financial risk factors—shaped by Singapore’s openness, role as a financial hub, and exchange rate–centered monetary policy framework—enter nonlinearly into inflation risk models and exert differentiated effects. Foreign price pressures heighten upside risks, and exchange rate policy has proven effective at mitigating them. Tighter global financial conditions amplify inflation risks through cost-push channels, …

Efficient Bilateral Trade With Interdependent Values: The Use Of Two-Stage Mechanisms, Takashi Kunimoto, Cuiling Zhang

Research Collection School Of Economics

Efficient, voluntary bilateral trades are generally not implementable in an interdependent values environment with two-sided asymmetric information. To obtain more positive results, we consider two-stage mechanisms in which (i) the outcome (e.g., allocation of the goods) is determined first; (ii) the agents partially learn the state via their own outcome-decision payoffs; and (iii) transfers are finally made. We propose the approximate shoot-the-liar (AS) mechanism and identify Assumption 1, under which “approximately” efficient, voluntary trades are implementable. We further illustrate the permissiveness of the assumption, and characterize it in terms of the nature of interdependence in valuation functions – delineating the …

Brute Force Branding: Variations & Repetitions Of The Almighty Dollar Banknote, Rui-Long Monico

Artl@s Bulletin

Abstract: This paper examines the U.S. dollar as a global brand and mythic icon, revealing how its stable aesthetic asserts dominance and infiltrates daily life. Through visual analysis and global comparison, it shows how banknotes are battlegrounds where art, identity, and geopolitics collide—currency as a weapon of soft power and cultural hegemony. The dollar’s visual inertia—ritualized, repeated, reappropriated—cements its supremacy as a symbolic force, where repetition enforces authority and variation sparks both resistance and conformity. Banknotes emerge as tools of statecraft and vessels of collective memory, as reflected in the author’s bespoke creation accompanying this study.

Résumé: Cet article analyse …

Fiscal Decentralization, Foreign Capital, And Economic Development In Sub-Saharan Africa, Kwadwo D. Frempong

Theses and Dissertations--Public Policy and Administration

Economic development in Sub-Saharan Africa has been shaped by two transformative policy shifts: widespread fiscal decentralization reforms transferring revenue and expenditure authority to subnational governments, and the pursuit of foreign direct investment to supplement domestic capital. Despite the breadth of these reforms, their effectiveness in promoting sustainable economic development remains empirically contested. This dissertation examines three interconnected questions about fiscal governance and capital flows in Sub-Saharan Africa: what determines the extent to which governments decentralize fiscal authority; how county fiscal composition and revenue autonomy shape subnational economic performance; and how foreign direct investment interacts with domestic investment and growth.

The …

Can A Curator Influence Their Nation’S Art Market Value? Adriano Pedrosa, The 60th Venice Biennale, And The Global Repositioning Of Brazilian Art, Maria Joana Ventosa

MA Theses

The 60th Venice Biennale (2024), curated by Brazilian curator Adriano Pedrosa, the first Latin American curator, and the first curator based in the Global South to lead the Venice Biennale, revived long-standing debates concerning visibility and marginalization, who controls canon formation and, in a market where visibility directly affects value, the power of dictating the market. The curator furthered this discussion by curating a show literally titled “Strangers Everywhere”, focused on representations by artists who identify as “othered”, through, for example colonisation and erasure of native cultures, immigration or queerness.  This thesis examines the evolving role of biennials as platforms …

Trade Openness And Economic Growth In Africa: Goods Or Services?, Fe Doukouré Charles

Journal of African Trade

This study examines the impact of trade openness in goods and services on economic growth across Africa, utilizing panel data for all 54 countries from 1980 to 2022. The analysis, conducted at both continental and regional economic community levels, finds that trade openness generally exerts a positive effect on economic performance. However, a significant regional heterogeneity emerges. Notably, a decoupling is observed between goods trade expansion and strong GDP growth in Central and East Africa, a weaker relationship in Northern and Southern Africa, and a similarly decoupled pattern for services trade and GDP growth in most regions, except for a …

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 …

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 …

The Low Human Rights Advantage And The Failure Of Globalization: The Challenge Of China Inc., Shaomin Li

Management Faculty Publications

Purpose

We develop a framework of the low human rights advantage – labor repression, state discretionary expropriation and total control – that reduces factor costs and enables coordinated resource mobilization. These mechanisms generate economic advantage only when combined with access to global markets, which provide demand, capital and technology. By leveraging this low human rights advantage, the Chinese state has transformed China into a giant corporation that combines the agility of a firm with the resources of a nation, thereby reshaping global competition. Economic integration without corresponding political integration is a major contributor to the failure of the current wave …

From Sentiment And Risk To Trade: A Country-Level Study On Geopolitical Trade Effects, Seung Heo

Publications and Research

Can geopolitical risk reshape international trade? I construct directed, monthly measures of bilateral geopolitical risk and its associated sentiment from approximately 5.1 million news articles in the GDELT Event Database, and estimate their effect on trade among eight Asia-Pacific economies at the HS2 product level over 2015--2025, using Poisson pseudo-maximum-likelihood gravity local projections with high-dimensional fixed effects. Pooled across countries, rising risk produces an immediate expansion of trade led by verbal threats and by news tone orthogonal to event content, rather than by material acts, indicating that how a conflict is reported can move trade before the conflict materializes. A …

Keeping America Ahead: The Global Chip Conundrum, Ethan Chen

CMC Senior Theses

Semiconductors underpin nearly every aspect of modern economic, military, and technological power. Yet while the United States pioneered chip innovation and design, it now heavily depends on foreign manufacturing, particularly Taiwan and the Taiwanese Semiconductor Manufacturing Company who produce more than 90% of the world’s leading edge chips. This thesis investigates how the U.S. lost its fabrication leadership, what risks its current dependence creates, and what strategies can most effectively restore domestic capacity and resilience in both the short term and long term. By going through historical analysis of industrial development, recent policy evaluation such as export controls and the …

Macroeconomic Resilience And Sentiment Dynamics In The Global Luxury Fashion Industry, Mehr Gupta

CMC Senior Theses

The global luxury fashion industry is often viewed as a sector where broad economic conditions intersect with individual spending behavior. Yet despite this common assumption, it remains unclear whether macroeconomic fluctuations meaningfully shape luxury firms’ financial performance. This thesis examines the relationship between four key macroeconomic indicators - consumer sentiment, disposable income, unemployment, and exchange rates - and firm-level quarterly revenue for twelve publicly listed luxury companies from the early 2000s through 2024. Firm financial data from S&P Capital IQ are matched with macroeconomic measures from the Federal Reserve (FRED), and the analysis employs a two-way fixed-effects framework with firm …

Converging, But Not Together: Regional Growth After Eu Enlargement, Armine Kardashyan

CMC Senior Theses

This paper studies whether poorer regions in Central and Eastern Europe have caught up to richer ones since EU enlargement, and whether any observed catch-up reflects absolute convergence or convergence conditional on regional fundamentals. Using annual NUTS-3 data for eleven Central and Eastern European member states from 2000 to 2023, I estimate rolling ten-year convergence regressions within a steady-state framework in which regional GDP per capita depends on investment, human capital, and within-window exposure to EU membership.

The results show strong evidence of conditional convergence during the early and middle phases of enlargement. Regions that begin a window above their …

From Collective Punishment To Collective Action, Samuel N. Johnson-Saeger

CMC Senior Theses

Regime change may be sought in two primary ways, absent a turn to internal or external violence: through nonviolent resistance, from within, and sanctions, from abroad. This paper is about how those two pathways are intertwined. I challenge two different strands of the existing literature. First, I show that Liou et al. (2022)'s finding that sanctions increase the predicted probability of nonviolent resistance movement progress is subject to substantial upward bias from country heterogeneity. Incorporating country fixed effects, I show that sanctions, on average, have no statistically significant effect on resistance outcomes. Second, I challenge Chenoweth and Stephan (2008)'s argument …

Demographics, Macroeconomy, Or Monetary Policy: What Drives Japan’S Short Run Economic Movements Since 1991?, James Ac Raymond Ii

CMC Senior Theses

This thesis examines how Japan’s post-1991 macroeconomy behaves by analyzing quarterly inflation, money growth, and equity returns, with a focus on whether demographic change, macroeconomic indicators, or monetary policy better explains short run movements. Using Newey West regressions, the results show that demographics exert almost no influence at short horizons, while major Bank of Japan policy regimes such as QQE, NIRP, and YCC strongly shape liquidity conditions and dominate both money growth and equity performance. The findings suggest that demographic change matters primarily as a long run force that creates a low-rate environment, while short run dynamics are driven almost …

Beyond Interests And Ideas: Institutions And The Persistence Of Trade Protectionism In Brazil, Samo Sérgio Gonçalves Tosatti

West Chester University Graduate Theses, Dissertations, and Final Projects

Despite decades of economic reforms and growing international integration since the 1990s, Brazil has remained one of the most protectionist large economies in the global trading system. Tariff levels remain relatively high, the country maintains a limited network of trade agreements, and non-tariff barriers play a significant role in shaping market access. Existing explanations for this persistence have focused primarily on the influence of organized interests, particularly import-competing industries, and the enduring influence of developmentalist ideas rooted in Brazil’s import-substitution industrialization (ISI) legacy.

This dissertation argues that these explanations are incomplete without accounting for a third explanatory dimension: institutions. It …

The Evolving Beijing Consensus: Chinese Communist Party Political Control And Economic Trade Offs, Ian Murphy

Political Science & Geography Faculty Publications

China’s rapid economic rise and unique development trajectory have long been the subject of scholarly debate, often framed through the concept of the “Beijing Consensus” as an alternative to the Washington Consensus. While initial conceptualizations highlight innovation, sustainability, and national sovereignty, later analyses highlighted elements like state capitalism and authoritarianism, particularly in the wake of the 2008 Global Financial Crisis. This paper argues that the Beijing Consensus is undergoing a significant evolution under Chairman Xi Jinping, increasingly prioritizing the Chinese Communist Party’s political security, regime stability, and ideological control at the expense of economic growth. This marks a notable departure …

Bargaining Inefficiency Due To Mispricing Under Incomplete Information : Evidence From The Bilateral Oligopolistic Containership Time Charter Market, Jaeung Cha

World Maritime University Ph.D. Dissertations

A well-established body of bargaining studies theoretically demonstrates that inherent limitations in observing the counterplayer’s private information give rise to an incomplete information setting in bargaining, leading to efficiency losses associated with mispricing, costly delays, and even bargaining failures. As the shipping market, a business-to-business market in which products are generally heterogeneous and the number of both sellers and buyers is limited by high entry/exit barriers, relies on a bargaining mechanism to determine tailored transaction prices, market pricing is prone to inefficiencies associated with incomplete information. However, the relevant empirical evidence remains underexplored in both the shipping finance and bargaining …

Gender Gaps And Economic Growth: Why Haven't Women Won Globally (Yet)?, Patrick Agte, Orazio Attanasio, Pinelopi K. Goldberg, Charles Gottlieb, Aishwarya Lakshmi Ratan, Rohini Pande, Michael Peters, Charity Troyer Moore, Fabrizio Zilibotti

Discussion Papers

Globally women’s labor force participation lags that of men and women, on average, have lower labor market earnings than men. Does economic growth reduce gender disparities in labor market outcomes between women and men? Conversely, do gender inequalities in the labor market impede growth? To inform these questions, we conduct two analyses. First, we estimate regressions using harmonized data on gender gaps in a range of labor market outcomes from 153 countries spanning two decades (1998-2018). Second, we conduct a systematic review of the recent economics literature on gender gaps in labor markets, examining 16 journals over 21 years. Our …

National Expenditure On R&D And International Comparison Of Productivity, Aegus Kim

Pennsylvania Economic Review

A higher national expenditure on research and development (R&D) may lead to a higher level of productivity in the national economy because innovations can improve overall efficiency in production by increasing output per worker. Unlike other empirical studies which suggest the positive impact of R&D expenditure on productivity but are often the result from the firm level or the industry level, this paper investigates a positive correlation between R&D spending and productivity using the 2019 national data for the top 25 countries ranked by R&D expenditure. The paper focuses on the relationship between international values of total factor productivity (TFP) …

Firms Heterogeneity In Indonesia’S Manufacturing And Services Sectors, Rizki Nauli Siregar

Economics and Finance in Indonesia

Firm heterogeneity is the building block of modern trade theories. One of its important implications is that comparative advantage is driven by firm productivity, rather than sector differences across countries. Despite the prevalence of this framework, there has not been any systematic documentation on firm heterogeneity in Indonesia’s man ufacturing and services firms. Using the World Bank Enterprise Survey (WBES) data for Indonesia in 2015 and 2023, we confirm that there is firm heterogeneity in the form of size and productivity dispersion in both of the economy’s manufacturing and services sectors. We also find no strong association between size and …