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Full-Text Articles in Political Economy

From Economic Miracle To Developmental Basket Case: The Political Economy Of Puerto Rico’S Operation Bootstrap, Kevyn J. Piña Jan 2023

From Economic Miracle To Developmental Basket Case: The Political Economy Of Puerto Rico’S Operation Bootstrap, Kevyn J. Piña

Senior Projects Spring 2023

This study investigates why Operation Bootstrap, which once brought industrialization to Puerto Rico and was deemed successful, did not become a sustainable social and economic strategy. The study delves into how Puerto Rico's colonial position affected this shift from success to failure. Although Operation Bootstrap initially prospered due to American funding and technological advancements, Puerto Rico's colonial status ultimately impeded progress. A review of Puerto Rico's history with the United States, including issues of debt and economic development, reveals that the island's colonial past has made it challenging to address concerns related to economic advancement. This essay explores the relationship …


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.