Political Economy Commons^™

Tail Dependence: The Impact Of Risk Spillovers On Real Estate Markets In Times Of Economic And Geo-Political Uncertainty, Stanimira Milcheva, Simon Stevenson, Lingshan Xie

Finance Faculty Publications

The first half of the 2020's has seen a degree of economic and geo-political uncertainty not observed since the 1970s. This paper looks at how listed real estate is exposed to capital market shocks by estimating Conditional Value-at-Risk (CoVaR), which captures the sensitivity of real estate returns to extreme movements in broader equity markets. We use threshold Generalized Autoregressive Conditional Heteroskedasticity (tGARCH) and Copula co-dependency functions to accurately account for tail behavior and dependency structures. We find a significant increase in downside spillovers from capital markets to listed real estate during the Covid period across most countries. However, the response …

Teacher Education For Religious Diversity In British Columbia: Policy Recommendations For Sikh And Chinese Mahayana Buddhist Inclusion, Ashton Kemper

Laurier Undergraduate Journal of the Arts

No abstract provided.

Editors' Note, Jenna Abdel-Kader, Hannah Desjardine

Laurier Undergraduate Journal of the Arts

No abstract provided.

Embarrassment As A Signal: Feminist Affects And The Commodification Of Love, Bianca L. Schmitt

Laurier Undergraduate Journal of the Arts

No abstract provided.

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 …

“A Civilised Order”: Political Economy Of Welfare State Development In United States And South Africa, Camden M. Webb

Masters Theses

The welfare state and its development across national contexts in the twentieth century signaled a marked change in the state’s relationship with its citizens. They developed in a structural crisis between two political economy organizations, moving from liberal structures to regulated ones. As the world continues the current ongoing structural crisis out of the neoliberal structure, the future of welfare policy is uncertain. My research presents a Qualitative Comparative Analysis (QCA) using the United States and South Africa as most-different cases to explore the similarities and differences in their national contexts that shaped their welfare state development in the early …

Essays On Public Policy, Labor Markets, And Regional Economics, Toby Heaney

Graduate Theses, Dissertations, and Problem Reports (ETD)

This dissertation consists of three empirical essays examining how economic and political outcomes respond to changes in public policy, information, and local economic conditions. Across the three studies, the dissertation applies empirical methods to questions in political economy, economic forecasting, and regional economics, with particular attention to how the effects of economic shocks and policy changes vary across individuals, markets, and geographic areas.

The first essay examines the role of policy salience in electoral outcomes. Building on rational-choice and median-voter models, it argues that voters may respond disproportionately to policies that impose concentrated and highly visible costs, even when those …

From Rocks To Rockets: How Mineral Wealth Fuels The Arms Trade, Samuel G. Majka

Theses and Dissertations

This study addresses a critical gap in the resource curse literature by examining how strategic mineral wealth, central to the global clean energy transition, influences international arms transfers. While the relationship between oil rents, militarization, and conflict is well-established, the role of non-hydrocarbon resources and conflict-related variables remains underexplored. This paper posits that mineral rents provide governments with unearned, discretionary income, relaxing fiscal constraints and creating powerful incentives for both resource-rich states and major power suppliers to increase arms flows to secure political control, suppress internal dissent, and maintain access to valuable deposits. Using a country-year panel dataset spanning 1990-2023 …

Review Of James K. Galbraith And Jing Chen, Entropy Economics: The Living Basis Of Value And Production (The University Of Chicago Press, 2025), Panos Tsoukalis

Emancipations: A Journal of Critical Social Analysis

No abstract provided.

(En)Gendering Capacity: Neoliberalism, Empowerment, And Responsibility For Women In The Un’S Capacity Building Agenda, Sabrina K. Harris

Emancipations: A Journal of Critical Social Analysis

This article analyzes how the UN constructs capacity building as an element of its development agenda. It theorizes that the UN operates as a governmental actor, adopting and pursuing a political rationality of good governance, while also navigating structural limitations to its organizational authority in implementing this agenda imposed by the liberal international order. As such, this article argues capacity building emerges as a valuable technology of development for several reasons: firstly, it operates as an individual-level intervention, circumventing UN limitations on authority in mandating state action, and secondly, it is framed as demand-driven and empowering while delivering on the …

Adapting To Aridity: Crop Production Trends Among Smallholder Farmers In Iramba District, Tanzania, Nashokigwa Shalua, Digna Wolfram Mlengule, Johnstone M. Andrea

Tanzanian Economic Review

Increasing crop production amid recurrent droughts remains a critical challenge for smallholder farmers in the semi-arid Iramba District; however, empirical evidence on crop production remains scarce. This paper analysed trends in crop production in Iramba District from 1995 to 2024. Mixed methods were used, and data were collected through structured interviews, focus group discussions, field observations, in-depth interviews and document reviews. Quantitative data were analysed using descriptive statistics while qualitative data were thematically analysed. The results indicate that 84.2% (n=95) of the households showed an increase in crop yields despite concurrent severe drought. Sunflower, maize, bulrush millet, and sorghum were …

Import Substitution Industrialization In Africa: Guinea's Experience, Mamadou Saliou Diallo

Markets, Globalization & Development Review

Import substitution industrialization (ISI) is such a template that many countries lagging behind in terms of development considered as an essential phase. The process of adopting ISI by these countries, however, displays contrasts in many aspects. The more apparent cases of differences in ISI adoption emanate from the East-Asian and Sub-Saharan African (SSA) models. These two regions are both latecomers in that industrial revolution, compared to Latin American countries being pioneers, was a chronologically later undertaking. Despite constraining factors, the East-Asian model thrives to become a successful experience. Meanwhile, SSA and Latin American countries still strive to achieve this ambition. …

Central Bank Crisis Interventions: A Review Of The Recent Literature On Potential Costs, Patrick Aldridge, David A. Cimon, Rishi Vala

Journal of Financial Crises

Central banks may engage in large-scale lending and asset purchases to stabilize financial markets and implement monetary policy during crises. The ability of these actions to restore financial market functioning is well documented; however, they come with costs. We provide a literature review of the costs associated with these post-Global Financial Crisis central bank actions, without commenting on the net benefits they provide. We find support for the premise that crisis actions may negatively impact market liquidity, distort asset prices, increase rent-seeking and inefficient uses of the liquidity provided by the central bank, create international spillovers, and create distortions in …

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 …

Immigration And The U.S. Economy Under Obama And Trump, Eliz Gevorgian

Political Science Student Research

This paper examines the economic effects of the United States' immigration policy under President Barack Obama and President Donald Trump. Between 2009 and 2017, the Obama administration introduced programs such as Deferred Action for Childhood Arrivals (DACA) and expanded access to student and work visas. These actions coincided with steady GDP growth averaging about 2 percent per year and a decline in unemployment from 9.9 percent in 2009 to 4.7 percent in 2016. The Trump administration, in office from 2017 to 2021, implemented more restrictive immigration measures, including the 2017 travel ban, reduced refugee admissions, increased H1B visa scrutiny, and …

5th International Annual Conference Proceedings: A New Global Order, Yet Again, Centre For Business And Economic Research (Cber), School Of Economics And Social Sciences (Sess)

Conference Proceedings

The School of Economics and Social Sciences (SESS) and the Center for Business and Economics Research (CBER) at the Institute of Business Administration (IBA), Karachi, are pleased to announce the 5th International Annual Conference on "A New Global Order, Yet Again" In an era marked by geopolitical realignments, technological innovations, green transitions, climate change, and evolving trade dynamics, the global economic landscape is undergoing an unprecedented transformation. Developing economies today face multifaceted challenges: leveraging new opportunities in a decentralized global system while managing debt insolvency risk, uncertainties in international trade, climate change vulnerabilities, and rising socioeconomic inequality.

This conference seeks …

Analyzing The Role And Impact Of Energy Resources On The South China Sea Dispute, Adam Opp

Liberty University Journal of Statesmanship & Public Policy

The South China Sea is a critical but contested body of water that has been the source of much international debate and focus. The sea is a strategic maritime route and one of the most important waterways for regional and global trade. The South China Sea features rich natural resources such as fisheries and hydrocarbons, especially unknown amounts of oil and natural gas remaining untapped throughout the sea. Geological surveys estimate extremely lucrative quantities of oil and natural gas in the South China Sea, which drives the conflict, as nations with competing territorial claims seek to control not just the …

Educational Indebtedness, Youth Precarity, And Neoliberalism: A Comparative Analysis Between Chile And Colombia., Alejandro Rodriguez-Mejia

Working Papers

No abstract provided.

Investigating The Relationship Between Noun Classes And Plant Folk Taxonomy In Chasu Language Of Kilimanjaro Region In Tanzania, Peter Rabson Mziray

Journal of Humanities and Social Sciences

The current study investigates the relationship between noun classes and plant folk taxonomy in Chasu (G 22). The study focuses on two objectives: the first objective is to describe the plant folk taxonomy in Chasu and the second objective is to determine the relationship between noun classes and plant folk taxonomy in Chasu. Data were collected from rural villages in Same and Mwanga districts by using free listing, field interviews (jungle-walk-and-identify), and written texts containing Chasu plant names. The findings reveal that Chasu folk taxonomy reflects different ethnobotanical categories; including a unique beginner which is mmea/mimea ‘plant(s)’, and three life …

The Security Trilemma: A Critical Research Agenda, Adem Yavuz Elveren, David M. Fields

Working Papers

No abstract provided.

If We Tear It Down, We Might Build You A New One: The Troublesome Use Of Eminent Domain And Urban Neighborhood Swimming Pools, Steven N. Waller Ph.D., James H. Bemiller

International Journal of Aquatic Research and Education

Public swimming pools are a vital part of America’s recreation and sport culture since the early 1900’s. Municipal swimming pools were initially built to provide recreation and hygiene to urban communities, regardless of race or class. However, a complex history of segregation, civil unrest, suburbanization, and funding challenges has resulted in a significant decline in public pools, depriving many communities of vital recreational spaces. In many communities, options for sustaining the operation of swimming pools have resulted in pool closures. Unfortunately, once swimming pools close, especially those in aging neighborhoods in central city areas, they are seldom resurrected. They quickly …

Independence Of Central Banks In Nondemocratic Regimes: Implications For Price Stability, Abeeb O. Olaniran, Umar B. Ndako

Bulletin of Monetary Economics and Banking

This study examines the impact of central bank independence on inflation in nondemocratic regimes, with a specific focus on the differences between Islamic and nonIslamic groups. It utilizes nonstationary heterogeneous panels to estimate both the longrun and short-run responses of inflation to central bank independence. Additionally, it employs a panel smooth transition regression model to identify any potential threshold effects in this relationship. Our findings reveal an inverse relationship between central bank independence and inflation rates for both groups in the long run. Our result suggests that non-Islamic authoritarian countries may struggle more than Islamic ones to maintain price stability …

**Human Capital Migration And International Trade: A Comparative Case Study Of Germany And Austria, 2000 To 2024**, Jahnvi Jha

2025 Fall Honors Capstones Projects - Archive

This study examines migration of people and international trade in Germany and Austria between 2000 and 2024. Both countries saw sharp rises in immigrant populations, with foreign-born residents reaching 18 percent in Germany and 22 percent in Austria, while their exports grew to record levels. The research explores whether human capital migration like workers bringing skills, education, and networks has complemented or substituted trade. Evidence shows migration often reduces barriers to commerce by creating trust, demand for home-country goods, and professional connections. Skilled workers in high-tech industries further boost export capacity. Contrary to fears that migrants might weaken competitiveness, the …

Alfred Russel Wallace Notes 38. Alfred Russel Wallace's "Revolt Of Democracy": A Critical Analysis Of Early 20th Century Labor Theory And Its Contemporary Relevance, James Williams, Charles H. Smith Editor

Faculty/Staff Personal Papers

This article examines Alfred Russel Wallace’s political treatise The Revolt of Democracy (1913), analyzing his theoretical framework for addressing labor unrest and economic inequality in early 20th-century Britain. Wallace's work presents a comprehensive critique of competitive capitalism and proposes systematic government intervention to address structural poverty. Through close textual analysis and comparison with contemporary UK labor conditions, this study evaluates the enduring relevance of Wallace's economic theories and policy prescriptions. The analysis reveals significant continuities between early 20th-century and contemporary debates about living wages, government employment standards, and wealth redistribution, while highlighting both the prescience and limitations of Wallace’s analytical …

A Debt To Whom? The Nature Questions In Sino‑Sri Lankan Development Narratives, Orlando Woods, Kanchana Ruwanpura, Loritta Chan, Barnabas Mah

Research Collection College of Integrative Studies

This chapter critically examines dominant narratives around Sri Lanka’s debt and development in the context of Sino‑Sri Lankan relations and the Belt and Road Initiative, questioning assumptions about “debt‑trap” explanations and highlighting how narratives about development, nature and agency shape understanding of the country’s economic and ecological futures.

Beyond Personal Responsibility: Government Support For The Substantive Human Condition, Martha T. Mccluskey

Contributions to Books

Government protection against systemic harm to human well-being is stymied by the liberal idea that power is most legitimately wielded by autonomous individuals taking personal responsibility for their substantive well-being. Instead, a robust vision of democracy and socioeconomic justice requires grounding legitimate power in institutional responsibility, replacing the formal individual actor of liberal theory with the universally embodied, embedded human subject developed in Martha Fineman’s Vulnerability Theory. This chapter connects the message of personal responsibility in neoliberal US welfare reform policies to rationales defending the government’s failure to alleviate systemic human harm in the 2008 financial crisis and the accelerating …

The Jokowi Effect On The Victory Of Prabowo: Do People Vote For Continuity?, Cakra Yudi Putra, Dyah Ayu Febriani, Andri Tantyo Cahyo Nugroho, Teguh Dartanto

Economics and Finance in Indonesia

The 2024 Indonesian presidential election marked a striking realignment as Prabowo Subianto—a former opposition leader—secured victory with the tacit endorsement of outgoing President Joko Widodo (Jokowi). This study investigates how the enduring popularity and policy achievements of Jokowi shaped voter preferences in favor of Prabowo, effectively positioning the election as a referendum on political continuity. Building on theories of economic voting and retrospective performance evaluation, the analysis explores the impact of district-level economic indicators, social media penetration, ideological orientation, social assistance distribution, and sociocultural characteristics on electoral outcomes. Employing Ordinary Least Squares (OLS) regression on data from 481 administrative regions, …

Forgoing Nuclear: Nuclear Power Plant Closures And Carbon Emissions In The United States, Luke Petach

Faculty Scholarship

This paper examines the effect of nuclear power plant decommissioning on electricity generation and carbon emissions in the United States. Using data on nuclear reactor closures in the United States between 1993 and 2022 and data on state-level carbon emissions and electricity generation from the Energy Information Administration (EIA), this paper adopts a difference-in- differences (DiD) approach to estimate the effect of nuclear decommissioning. Two-way fixed-effects (TWFE) DiD estimates suggest a nuclear plant closure increases annual state-level per capita carbon emissions between 6% and 8%. The increase in state-level carbon emissions is driven by a substitution toward fossil fuel electricity—particularly …

The State Of The Unions 2025: A Profile Of Organized Labor In New York City, New York State, And The United States, Ruth Milkman, Joseph Van Der Naald

Publications and Research

Organized labor has taken center stage in the 2020s, with workers leading successful organizing drives at Amazon, Starbucks, Apple, and across a range of industries from health care to higher education. Public approval of unions has reached its highest level in decades, and a new generation of workers is stepping forward as leaders in the movement. The State of the Unions 2025 provides the most comprehensive profile of organized labor in New York City, New York State, and the United States, highlighting where unions are growing, who is leading the charge, and how labor is shaping the future of work …

Towards All-Under-Heaven: China’S Geoeconomic Strategy In The Asia-Pacific Region, Alfariza Dika Azzani

Global: Jurnal Politik Internasional

This research aims to understand China’s geoeconomic strategy in reshaping the alternative international order in the Asia-Pacific region. China’s economic rise increased its geopolitical influence and significance as a global great power. The Chinese Communist Party (CCP) government, under Xi Jinping, has adopted classical ideas in its foreign policymaking, including tianxia. Tianxia is a classical concept of a hierarchical Sinocentric international order. An empirical study was conducted on several cases of China’s economic policy and analysed with the congruence method to determine the correlation between the tianxia concept and China’s economic policy. Tianxia served as a paradigm and justification for …