International Economics Commons^™

A Gravity Model Of International Student Flows, Luciana Mendoza, Samuel Schreyer

SACAD: Scholarly Activities

Our research aims to use a gravity model to assess the importance of geographical distance and other macroeconomic factors associated with the destination country chosen by students when pursuing tertiary education abroad. We analyze a large sample of data that includes international students from nearly every country in the world from 2013 to 2021. Our results indicate that geographical distance is an important factor when students choose to study abroad and that this effect is most pronounced for students from lower-income countries. We also find that the flow of international students became more sensitive to geographical distance as the years …

“¡Que Se Vayan Todos!”: La Crisis Socioeconómica De Argentina En Diciembre De 2001 Y El Papel Del Fondo Monetario Internacional En Su Desarrollo / “Down With Them All!”: Argentina’S December 2001 Socioeconomic Crisis And The Role Of The International Monetary Fund In Its Development, Romita Chattaraj

Independent Study Project (ISP) Collection

Desde su inicio en 1944, el Fondo Monetario Internacional (FMI) ha sido objeto de controversia por su participación en algunas de las peores crisis financieras de la historia económica global. La crisis socioeconómica de 2001 que experimentó Argentina tras décadas de apoyo del FMI es uno de sus casos más destacados. A pesar del crecimiento económico explosivo que experimentó Argentina a lo largo del siglo XIX y principios del XX, Argentina cayó víctima de la inestabilidad macroeconómica durante la segunda mitad del siglo XX y finalmente llegó a declarar lo que en ese momento fue el mayor incumplimiento soberano de …

Analyzing Colonial South Carolina's Trade Landscape Through The Ricardian Model, Dylan M. Peddemors

Senior Theses

The state of South Carolina existed as a British colony from its founding in 1663 until it declared independence in 1776. During this period, South Carolina operated as a plantation-based, cash-crop economy relying on two primary exports: rice and indigo. The colony displayed nearly complete specialization in its exports of these crops while importing different goods. The theory of comparative advantage in trade relationships crafted by British economist David Ricardo in the 18th century concludes that gains from trade emerge when trade partners specialize in the production and exportation of the goods of which they have the lowest opportunity cost. …

Game Changer: Mobile Apps Leveling Up Field Experiments, Lucie Schulz

Master's Theses

This study investigates the feasibility of digital financial education for microcredit borrowers with limited digital literacy in Eastern Uganda using a mobile game simulating real-world livestock investments. Analyzing 117,870 decisions made by 133 participants across five game sessions, we found a statistically significant increase in decision-making speed, with the speed more than doubling between the first and last game session, indicating growing familiarity with the game interface.

However, the overall error rate of participants increased significantly, possibly due to fatigue or the introduction of more complex financial concepts in higher levels. Additional analysis of the initial decisions at each level …

Assessing The Impacts Of The Us-China Trade War On Asian Economies, Ruoqing Chen

Dissertations and Theses Collection (Open Access)

The ongoing trade tensions between the United States and China have reverberated globally, sparking concerns about economic stability and growth. What are the most affected industries and economies among Asia? What will happen if the US and China further raise their tariffs? Are there any useful trade policy adjustments for the Asian economies to improve their lots under the not-so-optimistic world trade climate? This paper employs a multi-country, multi-industry, general equilibrium model to analyze the impacts of the US-China trade war and potential further tariff war on 13 Asian regions across 20 industries in the year 2017. The results indicate …

Trade Liberalization With Brics: A Cge Model Of Egypt, Kareem Ashraf

Theses and Dissertations

This paper presents an ex-ante impact assessment of a hypothetical FTA between Egypt and the BRICS from an Egyptian economy-wide and sectorial perspectives, with a granular look into manufacturing. The chosen methodology is a static SAM-based Computable General Equilibrium model calibrated to Egypt’s 2018-2019 Social Accounting Matrix (SAM). With respect to existing literature, the paper uniquely stands in considering an Egypt-BRICS FTA with a granular assessment of manufacturing subsectors and in running a simulation of Egypt’s trade liberalization with the wider BRICS alliance, including the accession of Saudi Arabia, UAE, Ethiopia, and Iran, which joined the bloc along with Egypt …

Does Dollarization Have An Impact On Economic Growth?, Jorge Robinson

Research Day

Many developing and undeveloped countries, grappling with issues such as hyperinflation, corruption, high unemployment rates, poverty, and financial instability, often view dollarization as a potential solution. Dollarization involves adopting the US currency as the official or parallel currency, a strategy observed in countries like El Salvador, Ecuador, and Zimbabwe. The purpose of this research is to compare the impact of dollarization on real gross domestic product (RGDP) to that of countries that did not adopt dollarization. My results indicate that dollarization does indeed affect economic growth. These findings demonstrate that dollarized countries experience a higher percentage change in RGDP compared …

Ramping Up Exports: Strategy And Direction, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

First of all, let me thank Humanex for providing this opportunity to share my views on a very important subject. I don’t want to repeat what Tariq Ikram has said because he has covered a lot of things which I had proposed to speak to you about but because of the youngsters present here, young people who have not seen what Pakistan’s economic trajectory has been, I want to remind them that Pakistan inherited absolutely no industry unit in the territory which is Pakistan. Most of the industries were all in India. There was only one decrepit Dalmia Cement Factory …

Migration And Resource Misallocation In China, Xiaolu Li, Lin Ma, Yang Tang

Research Collection School Of Economics

We structurally estimate the firm-level frictions across prefectures in China and quantify their aggregate and distributional implications. Based on a general equilibrium model with input and output distortions and migration, we show that the firm-level frictions are less dispersed and less correlated with firm productivity in richer prefectures. Counterfactual exercises show that reducing the within-prefecture misallocation increases aggregate welfare, discourages migration toward large prefectures, and reduces spatial inequality. Moreover, internal migration alleviates micro-frictions’ impacts on aggregate welfare and worsens their effects on spatial inequality.

The Influence Of Societal Nationalist Sentiment On Trade Flows, Douglas Dow, Ilya Cuypers

Research Collection Lee Kong Chian School Of Business

In recent years, the world has witnessed a backlash against globalization and a rise in populist and nationalist movements around the world. However, there appears to be little empirical research concerning how these movements, and especially nationalist sentiment, actually influence trade. Therefore, we explore how and when nationalist sentiment within a country influences trade. Our results indicate that the effect of nationalist sentiment on imports is mediated by lower participation in free trade agreements (FTAs) but not via tariffs. Furthermore, we are unable to confirm support for a direct effect of nationalist sentiment on imports, as predicted by the consumer …

Spillover Effects Of Capital Controls: A Critical Review And New Agenda For The Future Directions, Biswajit Panigrahi, K.P Prabheesh

Bulletin of Monetary Economics and Banking

This study tries to undertake a critical review of the spillover effects of capital controls and their welfare implications. We provide a synthesis of the literature on both the theoretical and empirical literature on the spillover effects of capital controls. Furthermore, the role of similar economies (geographical region, and economic characteristics), direction-specific capital controls, global financial crisis (GFC), asset-specific capital controls and the compositional effect of capital flows are discussed to explore the degree and extent of spillover effects of capital controls policy. Similarly, the welfare implications of capital controls depend on the policy motive behind the imposition of capital …

Terminology Related To Ocean And Coastal Economic Activity, Nicole Leboeuf, Ralph F. Rayner, Carl Gouldman, Zack Baize, Monica Grasso, Brittany Croll, Kate Quigley

Journal of Ocean and Coastal Economics

This communication paper considers the definition and usage of terms describing ocean and coastal economic activity and the provision of the ocean data, information and knowledge needed to support its evolution and development.

Economic Effects Of Pandemic On Us And Indian Economies With Policy Actions In 2019-2023: A Comparative Analysis, Kishore Kukarni Dr., Amitabh S. Dutta

International Review of Business and Economics

COVID 19 pandemic that started in February/March 2019, with happenings in Yuwan, China spread like a wildfire all over the world. All countries faced one of the worst economic challenges in recent centuries if not ever in the history of the mankind. Early predications were so severe and devastating that some forecasters predicted a death-toll of 100 million all over the world, as the virus was not only spreading fast but also had no solution for its serious fatal effects. It was evident that the patients were dying before getting any effective treatments and many of them were elderly individuals. …

Selecting A Measurement System: Using Measurement System Potential Approval Criteria, Karl D. Majeske

International Review of Business and Economics

This paper presents the results of a manufacturer’s quest to identify a measuring strategy during process development. Standard Measurement Systems Analysis (MSA) criteria provide a common framework to evaluate a gauge’s ability to produce data that fairly represents the quality characteristics that describe a part’s fitness for use. Here, MSA criteria, as well as hypothesis tests of precision and bias, are used to compare to two alternative measurement systems. Ultimately, to compare the two systems, measures of MSA criteria are developed that reflect the potential the criteria could reach by eliminating operator-to-operator gauge error.

Misgivings In Measuring Happiness, Sudhanva Char

International Review of Business and Economics

According to a resolution of the UN General Assembly (Resolution 66/281), March 20^th is observed annually as International Day of Happiness. A nation’s overall success is measured by people’s happiness, the litmus test. The World Happiness Report (WHR) states there is consensus about measuring happiness, whereas, happiness is idiosyncratic and its connotation differs from culture to culture, language to language, and even person to person. Personal ‘space’ in all spheres matters, and so do democracy or dictatorship, all factors leading to mismeasures of happiness scores. And so, there are paradoxes in happiness rankings in WHR. Economists have yet to …

Cross-Border Technology Investments In Recession, Juliana Yu Sun, Huanhuan Zheng

Research Collection School Of Economics

Utilizing industry-level foreign direct investment (FDI) from 72 source markets to 122 destination markets between 2003 to 2018, we evaluate how cross-border technology investments respond to economic recessions. We find that FDI embedded with intensive research and development (R&D) drops when the destination market is in a recession and the source market is in a normal state and recovers to the pre-recession levels when both destination and source markets are in recession. However, there is little evidence that recessions affect cross-border investments in other aspects of technology measured by the penetration of robots, intellectual property products and information and communications …

The Long And Short-Run Spatial Impacts Of Trade, Lin Ma, Yunlong Song, Yang Tang

Research Collection School Of Economics

We explore how the spatial impacts of trade evolve over time using a dynamic spatial model that incorporates capital accumulation and skill acquisition. We show that in the short run, the spatial impacts of trade mainly depend on the initial conditions, especially the endowments of physical and human capital across locations. However, in the long run, trade shocks shape the distribution of production factors across space through factor accumulation and migration, resulting in significantly different spatial impacts. In the context of China’s WTO accession, we find that international trade is seven times more effective in driving the population towards coastal …

Legal, Policy, And Environmental Scholars Discuss Global Food Systems At Indiana Law Symposium, James Owsley Boyd

Keep Up With the Latest News from the Law School (blog)

The Indiana University Maurer School of Law and its Indiana Journal of Global Legal Studies are hosting scholars from around the country Friday and Saturday (Jan. 19-20) for an interdisciplinary discussion on one of the world’s most prevalent problems—food insecurity.

Data from the World Bank estimate more than 780 million people around the world suffered from chronic hunger in 2022. As climate change affects agricultural production and water accessibility, the problem could worsen in coming years.

“A Fragile Framework: How Global Food Systems Intersect with the International Legal Order, the Environment, and the World’s Populations” will bring together legal, policy, …

Caste-Ethnicity Based Disparities In The Labor Market: Evidence From Panel Household Surveys In Nepal, Rajendra Dulal, Shankar Ghimire, Kul Kapri

Pennsylvania Economic Review

This paper examines labor market disparities across various caste-ethnic groups in Nepal using the 2004 and 2011 Nepal Living Standards Survey data. We study annual wage and salary employment to identify the disparities at both the individual and group levels. First, we use panel regression to capture the disparities in wage and employment and then employ the Blinder-Oaxaca decomposition method to identify the determinants of these disparities across various caste-ethnic groups. The results show that individual, household, and caste-ethnicity specific factors are all critical determinants of labor market outcomes. The results indicate education as a key contributor to employment disparities …

Momentum Strategies On Country Etfs, Michael Chiao, Hunter M. Holzhauer, Xing Lu, Jun Wang, Yang (David) Yang

Pennsylvania Economic Review

Domestic investors may use iShares country ETFs to exploit the momentum profit across country portfolios. This paper examines the price momentum on 15 well-diversified iShares country ETFs for developed markets from April 1996 to September 2023. We find statistically and economically significant profits for some momentum strategies: long past winners and short past losers. The results are robust to excessive risks. Thus, investors may seek outperformance by implementing momentum strategies on iShares country ETFs.