International Economics Commons^™

Selective Contagion: Sovereign Credit Integration And Heterogeneous Shock Transmission In Emerging Equity And Derivative Markets, Fabiana Araujo Rincón

Economics Undergraduate Senior Theses

Contagion in Latin America is real but selective: the direction of spillover depends on whether a country is integrated more strongly into global or regional markets. Using a stacked event study across 90 manually identified shocks from 2001 to 2026, I estimate regional contagion and its determinants across credit, currency, equity, and derivative markets. Contagion travels through sovereign credit, not currency, and through economic, not political, shocks. Political shocks, despite their larger domestic impact, stay locally contained. The direction of spillover turns on shock origin: shocks from large, globally integrated economies depress their peers, while shocks from smaller, regionally focused …

Are Greenfield Cross-Border Investments Sensitive To Us Trade Policy? An Investigation Of Responses To Liberation Day Tariff Announcements, Philip Caspar Ernst

Economics Undergraduate Senior Theses

This paper studies whether foreign greenfield investment into the United States responded to the Trump administration’s April 2025 Liberation Day tariff announcements. Using project-level fDi Markets data from January 2023 through November 2025, I examine changes in announced project counts, expected jobs created, and capital investment. The analysis compares aggregate investment activity before and after Liberation Day, tests whether responses differed for countries assigned additional tariffs above the 10% baseline level, investigates the effects of tariff intensity on investment announcements, and examines whether effects were concentrated in particular business activity fields. The clearest finding is that project announcements declined after …

Fiscal And Monetary Policies For Inclusive Growth In Developing And Emerging Markets, Collins Anosike

Journal of Global Awareness

The study examined the effects of monetary and fiscal policies in attaining inclusive growth for some developing countries and emerging markets. The study selected 20 countries and grouped them into group one and group two. The study is unique because it captures a broader range of countries compared to previous studies and shows their effect on economic growth. We use panel data and employ OLS regression and Johansen cointegration. We examine how each variable, general government expenditure, gross national expenditure, total revenue, official exchange rate, broad money, and deposit interest rate, affects the dependent variable (real GDP) from 1980 to …

Notes From The Editor, Jay Nathan

Journal of Global Awareness

No abstract provided.

Letter From The Editor, Jay Nathan

Journal of Global Awareness

No abstract provided.

Beyond Brain Drain: H-1b Visas, Innovation, And Human Flourishing, Joel Wong

Honors Projects

High-skilled migration has become one of the defining features of the modern global economy, especially in technology, engineering, and research-intensive industries. While public debate surrounding the H-1B visa program often centers on its effects within the United States, less attention has been given to how these migration flows affect the countries from which workers originate. This question is important because many sending countries invest heavily in the education and development of highly skilled workers while also seeking long-term economic growth and innovation. This study examines whether increases in H-1B visa migration are associated with changes in innovation outcomes in major …

Measuring The Exorbitant Privilege: A Unified Estimate Of The Financial Benefits Of Dollar Dominance, 1976–2024, Carson T. Weeks

Honors Theses

This paper constructs a unified annual time series of the major measurable components of the United States' exorbitant privilege from 1976 to 2024. Drawing on established econometric estimates from the literature, it measures three channels through which the international role of the dollar generates financial benefits for the United States: seigniorage from foreign holdings of physical currency, borrowing cost savings on federal debt arising from reserve-driven demand for Treasuries, and the return differential on the U.S. external balance sheet, covering both public and private holdings. All dollar figures are reported in real 2024 dollars, deflated by the Consumer Price Index. …

Undertaking Short-Term Finance Transactions In Brazil - An Historic And Modern Look At The Brazilian Economy And Associated Risks, Shawn M. D'Aversa

Student Research

The following report discusses the risks and construction of a hypothetical short-term trade finance transaction involving the five parties: Citibank N.A., Caterpillar Inc. (CAT), Banco Do Brasil, Paracatu Gold Mine and EXIM Bank. Fair warning: this is a long paper for a short-term transaction.

For the deal, Caterpillar Inc. (CAT) has approached Citibank N.A. in New York regarding a financing transaction for five 797F-400 short-ton haul trucks. The trucks are worth $5mn each, including the costs of training and spare parts, for a total of $25mn. Put simply, the trucks are beasts for mining. They will then be shipped to …

Solid Waste Management In Greater Khartoum City, Sudan, Roba Mahmoud

Student Theses 2015-Present

This study investigates the rising solid waste management (SWM) dilemma in Greater Khartoum City (GKC), a critical environmental and public health issue caused by fast urbanization and inadequate infrastructure, with historical linkages to Sudan's colonial and postcolonial growth. Chapter 1 describes the current problem using quantitative and qualitative data, demonstrating that GKC produces approximately 3,340 tons of waste each day, with 56% organic matter, 8% plastics, and 16% paper. Collection efficiency remains severely poor, at 31.5%. Informal recyclers known as Nakasha or Barkata collect approximately 7% of total waste, supporting roughly 3,900 people, whereas filthy open dumps and unsorted medical …

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

Employment Research Newsletter

No abstract provided.

Analyzing Preparedness For Compliance With The Carbon Border Adjustment Mechanism (Cbam) Across Member States Of The European Union, Vincent Pfattner

Politics Honors Papers

The European Union’s implementation of the CBAM is a climate change-driven initiative aimed at preventing carbon leakages. This thesis aims to investigate the underlying reasons for the variation in preparedness to comply with CBAM. Exposure to CBAM-covered Extra-EU imports serves as a proxy for preparedness, a measure of the economic constraints EU countries face. The research employs a mixed-methods approach, including Regression Analysis, Bayesian model averaging, and comparative case studies of EU countries. The results show a strong association between preparedness levels and institutional factors, particularly regulatory capacity. In contrast, political, financial, and geographical factors exhibit limited influence on a …

The Effect Of Inbound Tourism On Consumer Prices In Japan, Serenity E. Thompson

Theses and Dissertations

This paper uses monthly prefectural data to estimate the effect of inbound tourism on Japan’s consumer prices. Results indicate that a 10% increase in foreign overnight stays is associated with a 0.01% increase in capital city prices. The paper discusses localized dual pricing as a response to these price pressures.

China-Canada Resource Diplomacy: New Era Of Land Grabbing, Valdrin Dragusha

Bridges: An Undergraduate Journal of Contemporary Connections

This paper examines the evolving economic relationship between China and Canada, particularly in the context of China's transition from a strictly social economy to an authoritarian socialist market economy. It highlights the implications of China's Going Out Policy initiated in 2000, aimed at securing vital natural resources amidst growing domestic demands driven by rapid economic expansion. The paper analyzes China's significant demand for resources, its sustainable development policies, and the changing dynamics of land acquisitions, particularly in relation to Canada, which is perceived as a strategic investment destination due to its abundant natural resources and technological advancements in clean energy. …

The Impact Of Trade Tariffs On U.S. Soybean Exports: A Time Series Analysis Using Sarima Modeling, Haolun Liu

SACAD: Scholarly Activities

This study shows how the 2025 trade tariffs affected U.S. soybean export volumes tariff. A Seasonal Autoregressive Integrated Moving Average (SARIMA) model was used to forecast exports under a no-tariff scenario by using monthly U.S. soybean export data (January 2000 to July 2025). Then Forecasted values were compared with actual 2025 export volumes. The Result shows a large and sudden export decline in 2025 that are much greater than normal seasonal patterns, suggesting a strong tariff-related disruption to U.S. soybean trade.

Protection Vs. Progression: A Macroeconomic Approach To Military Expenditure Direct Effects On Social Outcomes Using Ihdi Measures, Connor Graham

Global Tides

This study examines whether military expenditure reduces inequality-adjusted human development and how national governance quality moderates these effects. Using panel data covering 121 countries from 2010-2023, two-way fixed effects models are employed to estimate the relationship between military spending and the Inequality-Adjusted Human Development Index (IHDI). Three key findings emerge from the analysis based on the resulting data. First, a one percentage point increase in military spending reduces IHDI by 0.0012-0.0015 points. Second, the effects prove seven times larger in developed countries than in developing ones, which runs contrary to expectations and prior literature. Lastly, political stability emerged as a …

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 …

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 …