Political Economy Commons^™

Does Exchange Market React To Central Bank Governor Replacements: Evidence From A New Dataset Using Narrative Approach, Siyang Xu

Honors Theses

This paper contributes to the literature that analyzes the exchange market reaction to the event of a central bank governor replacement. In order to solve the endogeneity problem, we develop a narrative approach-based on reports from credible newspapers-that classifies central bank governor replacements by their nature and causes. Using this new dataset on central bank independence for 31 countries over the period 1967-2012, we decompose all replacements into endogenous and exogenous cases with respect to inflation and financial market performance. We find that such a distinction is critical in understanding the exchange market reactions. We show that i) endogenous replacements, …

Economic Development And Gender Equality: Is There A Gender Kuznets Curve?, Joshua Eastin, Aseem Prakash

Political Science Faculty Publications and Presentations

This research note examines the relationship between economic development and gender equality. Drawing on the concept of the Kuznets curve, the authors hypothesize that the relationship between economic development and gender inequality is curvilinear (S shaped), with three distinct stages. In the first stage, economic development improves gender equality because it enables greater female labor-force participation. An independent income stream increases women's intrahousehold bargaining power. The opportunity to develop human capital confers greater political and social recognition. In the second stage, labor-force stratification and gender discrimination encourage divergent male/female income trajectories, which decrease the opportunity costs of female labor-force withdrawal …

Ethics And The Economist: What Climate Change Demands Of Us, Julie A. Nelson

Economics Faculty Publication Series

Climate change is changing not only our physical world, but also our intellectual, social, and moral worlds. We are realizing that our situation is profoundly unsafe, interdependent, and uncertain. What, then, does climate change demand of economists, as human beings and as professionals? A discipline of economics based on Enlightenment notions of mechanism and disembodied rationality is not suited to present problems. This essay suggests three major requirements: first, that we take action; second, that we work together; and third, that we focus on avoiding the worst, rather than obtaining the optimal. The essay concludes with suggestions of specific steps …

Disinvestment And Suburban Decline, Robert Streetar

School of Business Student Theses and Dissertations

Beginning in the mid-1970s, U.S. suburbs started to experience many of the same problems typically associated with earlier inner-city decline including accelerating income decline, increasing family poverty, falling housing prices, growing income polarization, escalating crime, and increasing racial and ethnic diversity.

Conventional wisdom often lays the blame for neighborhood decline on who moves in and who moves out. This is understandable, as neighborhood migration is easily observable. It is the hypothesis of this research, though, that the less visible disinvestment of capital from suburban neighborhoods is an initial cause of suburban decline that precedes and coincides with the more observable …

New Silicon Valleys Or A New Species? Commoditization Of Knowledge Work And The Rise Of Knowledge Services Clusters, Stephan Manning

Management and Marketing Faculty Publication Series

This paper explores knowledge services clusters (KSCs) as a distinct and increasingly important form of geographic cluster, in particular in emerging economies: KSCs are defined as geographic concentrations of lower-cost skills serving global demand for increasingly commoditized knowledge services. Based on prior research on clusters and services offshoring, and data from the Offshoring Research Network (ORN), major properties and contingencies of KSC growth are discussed and compared with both high-tech clusters and low-cost manufacturing clusters. Special emphasis is put on the ambivalent effect of commoditization of knowledge work on KSC growth: It is proposed that KSCs attract most projects if …

Argentina Talk, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2013). Argentina talk CB: Session I (with Jaime Galbraith) (Unpublished manuscript) (22-20_Arge... pp. 1-2).
• Shaikh, A. (2010). Crisis and distribution. New School Economic Review, 4(1), 72–76. New School for Social Research (22-20_Arge... p. 3).
• Shaikh, A. (2010). Revised figures (Unpublished dataset) (22-20_Arge... p. 8).
• Shaikh, A. (2012). Notes on conference presentations by John Weeks, Javier Iguíñiz, and Bill Lazonick (Unpublished manuscript) (22-20_Arge... p. 13).
• Shaikh, A. (2012). Notes on conference presentations by James K. Galbraith, Stuart Holland, and Romain Rancière (Unpublished manuscript) (22-20_Arge... p. 15).

Security, Development, And (Im)Mobility: The Uneven Geography Of Migration And Border Management In Ukraine, Jonathan Austin Crane

Theses and Dissertations--Geography

As a country of origin, transit, and destination for migrants that now borders four European Union (EU) member countries, Ukraine has seen future integration possibilities with the EU become, in part, conditional upon its willingness to cooperate in controlling cross-border migration. The EU is now “externalizing” aspects of migration and border control to Ukraine through making investments in Ukraine’s capacity to selectively “manage” cross-border flows in line with EU security and economy priorities. In the context of this emerging spatial arrangement of EU externalization, this thesis analyzes how, by whom, and to what effect migration is being managed in and …

“Damning The Dams”: A Study Of Cost Benefit Analysis In Large Dams Through The Lens Of India's Sardar Sarovar Project, Evelyn Wong

Scripps Senior Theses

This thesis examines the evaluation of the economic, environmental and social effects of dams, and lessons learned from previous dams. It then focuses on cost benefit analysis as a decision-making tool pre-project for evaluating the potential gains and losses of building a dam; and as a framework for evaluating dams in operation. It reviews the basic assumptions required for a legitimate cost benefit analysis, and the inherent limitations of this method. It uses the Sardar Sarovar dam as a case study for the use and abuse of cost benefit analysis in decision-making, interstate politics, propaganda and activism. It also illustrates …

Water Governance In Bolivia: Policy Options For Pro-Poor Infrastructure Reform, Daniel M. Maxwell

CMC Senior Theses

As the case with most countries across Latin America, unprecedented migration to urban areas has strained city infrastructure systems. More particularly, the region faces a pressing crisis of water security, where rapid urbanization has outpaced water sector development. This thesis addresses the water infrastructure reform in El Alto and La Paz, Bolivia, focusing on strategies to better promote water access for the peri-urban poor. The research investigates the level of progressivity of water service expansion and pricing regimes: in other words, does the present model of water distribution positively improve the lives of the poorest groups? By investigating these social …

Narratives Of The European Crisis And The Future Of (Social) Europe, Philomila Tsoukala

Georgetown Law Faculty Publications and Other Works

This article examines two distinct types of narratives prevalent in academic writing and popular press regarding the causes of the crisis in Europe. The first type, a morality tale, attributes the crisis to profligate southern states that refused to abide by the strictures of the Stability and Growth Pact. The second type is focused on the structural reasons for the crisis, emphasizing the nature of the European Union as a non-optimal currency area, and the euro as a factor in the creation of trade imbalances and competitiveness problems within the euro zone. Each type of narrative suggests a different type …

Eco104 Historical Foundations Lecture I Introd + Patterns, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Historical foundations of political economy I [Course schedule and syllabus for GECO 5104]. (2013, Fall).

• Shaikh, A. (2001, September 5; 2005, updated). Lecture I: Introduction to economic theories of capitalism (Why study the classics?) [Lecture notes].

• Historical foundations of political economy I [Course syllabus and reading list for GECO 5104]. (2011, Fall).

• Figure 1.20a: GDP per capita, richest 4 and poorest 4 countries; Figure 1.21: Ratio of the GDP per capita of the richest 4 countries to the poorest 4 [Charts]. (2005, August 3; 2008, September 2, updated).

• Shaikh, A., PhD. (1999, …

"These Illegals": Personhood, Profit, And The Political Economy Of Punishment In Federal-Local Immigration Enforcement Partnerships, Daniel L. Stageman

Publications and Research

Contemporary popular discourse linking immigration and immigrants to crime has proved extremely difficult to dislodge, despite clear evidence that immigrant labor provides broad and direct economic benefits to a significant proportion of the US population. The criminalizing discourse directed at immigrants may in part be functional, by leading to restrictionist immigration policies and practices and subjecting immigrants to intensified economic exploitation.

This study examines the economic context in which state and local governments adopt restrictionist immigration policies and practices, and implicates the political economy of punishment (Rusche and Kirchheimer, Punishment and social structure. New York: Columbia University Press, 1939) …

The Organization Of Banking And Supervision, Introduction And Overview, Clas Wihlborg

Business Faculty Articles and Research

"The focus of this Special Issue is on organizational reforms in the financial sector in the aftermath of the financial crisis 2007-2009 and the subsequent euro-zone crisis. In particular, the perception that many banks were too big and too complex to fail during the crisis, which led to very costly bailouts at tax-payers expense in several countries, has fueled a number of proposals to limit the size and the complexity of financial institutions, as well as proposals to reorganize public authorities responsible for supervision and crisis management."

Three Essays On Local Government Debt, Robert Greer

Theses and Dissertations--Public Policy and Administration

The local government tax-exempt debt market is a growing, and complex, sector of public finance. As local governments turn to debt financing the factors that contribute to interest costs of that debt have become important considerations for local government officials and politicians. Governance at the local level involves a network of overlapping governments some of which share a tax base. This system of overlapping governments that share a tax base are subject to externalities that arise from taxation, expenditures, and debt. These externalities are usually analyzed in terms of tax or expenditure reactions, but there are implications for local government …

Eco104 Ricardo Ii Ltv + Empirical, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Profit/wage ratios and fixed capital models, including labor theory of value calculations [Tables and figures]. (n.d.).

• Shaikh, A., PhD. (2013, October 4). Ricardo on rent & FROP [Handwritten notes for GECO 104].

• Shaikh, A., PhD. (n.d.). Ricardo on fiscal policy and taxes (Ricardian equivalence), including Say’s law [Handwritten notes].

• Shaikh, A., PhD. (n.d.). Analytical structure of classical theory of price [Handwritten notes].

• Shaikh, A., PhD. (2013, September 19). Next: Ricardo example—data—Schwartz—IO—reprise of Smith [Handwritten notes].

• Shaikh, A., PhD. (2008, September 16). Lecture III: Ricardo on value & price [Handwritten notes for …

How Many Barack Obamas Does It Take: An Analysis Of The Effect Of Charter Schools On Real Estate And Crime, Aananditaa Kakkar

CMC Senior Theses

This study looks at the relationship between charter school presence and neighborhood quality in Los Angeles. Using data from the Los Angeles Department of Education, Zillow Real Estate, and the Los Angeles Sheriff, this paper attempts to find whether changes in charter presence influence the price of surrounding real estate or the occurrence of serious and petty crimes. The results find that charter schools tend to be associated with a decrease in home sale prices. The results on crime imply that crime increases upon the opening of charter schools, however they are statistically insignificant.

State Level Earned Income Tax Credit’S Effects On Race And Age: An Effective Poverty Reduction Policy, Anthony J. Barone

CMC Senior Theses

In this paper, I analyze the effectiveness of state level Earned Income Tax Credit programs on improving of poverty levels. I conducted this analysis for the years 1991 through 2011 using a panel data model with fixed effects. The main independent variables of interest were the state and federal EITC rates, minimum wage, gross state product, population, and unemployment all by state. I determined increases to the state EITC rates provided only a slight decrease to both the overall white below-poverty population and the corresponding white childhood population under 18, while both the overall and the under-18 black population for …

Fossil Fuel Subsidies: Impacts And Reform Strategies, Jennifer E. Good

CMC Senior Theses

This thesis uses cross-country panel regressions to identify the effects of fossil-fuel subsidies for both oil importers and oil exporters on GDP growth, industry growth, crowding out of government expenditures in education, health, and infrastructure, government debt, carbon dioxide emissions, inequality and poverty. Fossil-fuel subsidies are found to be associated with lower levels of growth and industry growth, less government expenditure on health and education, poorer infrastructure quality, more government debt, and higher rates of carbon dioxide emissions. No relationship is found between fossil fuel subsidies and poverty and inequality. These results confirm the arguments of those that argue that …

The Impact Of Participatory Notes On The Indian Rupee Exchange Rate, Rohan Kothari

CMC Senior Theses

Since 1992, India has grown as a global player in the finance world. In spite of its success, India has not been able to rid itself of potentially harmful practices. One such practice is the issuing of Participatory Notes (PN) to foreign investors, so that they can anonymously purchase securities or derivatives listed on the Indian Stock Exchanges. This instrument came into public view when it accounted for approximately 50% of all foreign portfolio assets in India. Since then, the laws regarding PNs have evolved to become a more transparent version of the old rules. Although PN levels are not …

American Influence In The International Financial Institutions, Shawn Rosen, Jonathan R. Strand

McNair Poster Presentations

As the world becomes more globalized and the prosperity of new, rising powers begins to challenge that of long-standing powers, many scholars and policy-makers have begun to examine America’s place in the global political economy. Ongoing changes in the world politi­cal economy such as the flourishing economies in the BRICS countries (Brazil, Russia, India, China, and South Africa), continued integration in Europe, as well as questions about eco­nomic policies derived from American dominated neoliberal ideology have raised many doubts regarding how long the United States can remain the world leader. The conventional wisdom holds that the United States has enough …

Demography, Development And The Origin Of Democracy: A Model With Case Studies Of Arachic Athens And Maritime England, Brishti Guha

Research Collection School Of Economics

No abstract provided.

Euro Zone Crisis Management And The New Social Europe, Philomila Tsoukala

Georgetown Law Faculty Publications and Other Works

This article analyzes the changes in European governance since the beginning of the euro crisis in relation to the project of constructing Social Europe. The article tracks the incorporation of a structural reform agenda originally designed as bailout conditionality for countries on the verge of default into EU economic governance as a strategy for growth. Beyond the contestable grounds of this reform agenda, its adoption by the EU in the mode of crisis management poses serious questions of legitimacy. The new enhanced economic coordination process includes obligatory guidelines in domains under the legislative competence of Member States, such as labor …

Eco104 Historical Foundations Lecture Ii Smith, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Shaikh, A., PhD. (n.d., October 24). Email-related notes and questions [Handwritten notes].

• Shaikh, A., PhD. (n.d., October 24). Smith [Handwritten notes].

• Shaikh, A. (2010, September 14). Basic structure of the classical theory of price [Manuscript].

• Shaikh, A., PhD. (n.d.). The wealth of nations [Handwritten reading notes].

• Shaikh, A., PhD. (2001, October 3). Adam Smith [Handwritten notes for ECO 104].

• Shaikh, A., PhD. (n.d.). The wealth of nations [Annotated pages].

• Shaikh, A., PhD. (n.d.). Starfish: Pictures—Lang history of thought [Handwritten notes].

• Shaikh, A., PhD. (2013, Fall). Smith [Course outline for …

Eco 104 Historical Foundations (Lecture Iii & Iv), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Anwar Shaikh. (2013, Fall). Historical foundations of political economy I: GECO 5104 (course schedule and syllabus) [Unpublished course syllabus]. Author.

• Shaikh, A. (2001, September 5; updated 2005). Lecture I: Introduction to economic theories of capitalism (Why study the classics?) [Unpublished lecture notes]. Author.

• Shaikh, A. (2011, Fall). Historical foundations of political economy I: GECO 5104 (course syllabus and reading list) [Unpublished course syllabus]. Author.

• Shaikh, A. (2005, August 3; updated 2008, September 2). Figure 1.20a: GDP per capita, richest 4 and poorest 4 countries; and figure 1.21: Ratio of the GDP per capita …

Inet Grant, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2011). Book on Turbulent Dynamics in Advanced Economies (Unpublished manuscript) (pp. 2, 4). Institute for New Economic Thinking (p. 2).
• Institute for New Economic Thinking. (2011, September 8). Grant award letter to Ms. Janine Cibellis, New School University (RE: INO11-00056) (Manuscript) (p. 2). New School University Archives (p. 2).
• Shaikh, A., & Pressey, N. (2011, July 26). Institute for New Economic Thinking grant terms and conditions agreement (Grant ID #3232) (Manuscript) (pp. 4, 6). New School University Archives (p. 4).
• Cibellis, J. (2011, July 12). Domestic wire transfer payment instructions for the New School (Grant …