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IMF Conditionality and Private Credit Development in Developing Countries: The Role of Program Intensity and Composition

by Mahmoud Tarek Zaki Abstract This thesis investigates whether the composition of IMF binding conditionality matters more than its overall intensity for domestic private credit in developing countries. Using a panel of 115 countries from 1990 to 2019 and a three-equation instrumental-variables framework, the analysis disaggregates binding conditionality into prior actions, quantitative performance criteria, and […]

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Buy here or buy there? Exploring Potential Non-Compliance in North Carolina’s Alcohol Beverage Control System

by Zev Winston van Zanten Abstract This study examines compliance with North Carolina’s Alcoholic Beverage Control (ABC) system by studying cross-border alcohol purchases. Exploiting exogenous geographic variation in proximity to neighboring states with less restrictive alcohol regimes and differing price structures, I use distance from population-weighted county centroids to state borders as a proxy for […]

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The Impact of the New Markets Tax Credit on Local Business Activity

by Joyce Lillian Simmons Abstract This paper studies the causal impact of the New Markets Tax Credit (NMTC) program on local economic activity. I exploit quasi-experimental variation in eligibility at the census tract level using a regression discontinuity design based on the program’s median family income threshold and use this variation as an instrument for […]

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Network Topology and Business Entry: A Quasi-Experimental Analysis of Urban Cycling Infrastructure

by Nia Spells Abstract This study examines how urban bicycle infrastructure impacts New York City’s sit-down restaurant sector. Analyzing longitudinal data (2007 – 2019) through a recentered treatment design, the research shifts focus from individual corridors to systemic network effects. It distinguishes between connectivity (local density) and betweenness centrality (strategic through-traffic). Findings reveal that network […]

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Examining County-Level Restrictions on Large-Scale Solar Development in the United States

by Tyler Hayden Ratcliffe Abstract As large-scale solar project development in the United States has taken off over the past two decades, so too has opposition at the state and local level. Counties, which predominantly hold zoning and siting authority over solar development, have increasingly adopted restrictive ordinances that hinder or outright prevent further activity. […]

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Evaluating Effects of Rent Controls on Multifamily Property Values: A Tale of Three Cities

by Aaliya Mariam Qassim Abstract This study examines the impacts of strict rent control policies on large-scale multifamily apartment building values, as measured by their transaction prices. The analysis is conducted using sales data from 2010 to 2025 and a three-case framework to assess differential effects upon either implementation, tightening, or credible threat of controls. […]

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Impact of Biosimilar Entry on the Effectiveness of Biologic Drug Manufacturers’ Detailing Strategies on Physician Prescribing Habits

by Kadin Thatcher Purath Abstract This paper investigates how the entry of biosimilars into biologic drug markets alters the effect of biologic detailing on physician prescribing habits. Using a panel dataset that links the Open Payments and Medicare Part D databases from 2014–2023, I study physician-level interactions with pharmaceutical firms and subsequent prescription behavior across […]

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Institutional Permeability and Cross-Border Transmission: Evidence from Uzbekistan’s 2017 Liberalization

by Aaron Williams Lam Abstract While standard diffusion frameworks predict that liberalizing reforms generate positive spillovers in geographically proximate regions, borders are not frictionless membranes. Even observable connectivity may fail to translate into cross-border economic co-movement when institutional frictions govern whether interaction activates transmission. Using Uzbekistan’s 2017 exchange-rate unification as a natural experiment, this paper […]

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Let’s Talk About Race (or Anything)

by Julia Ruolan Ma Abstract Oral history interviews contain rich information about how individuals understand their experiences, but their length and complexity have limited their use in empirical research. I develop episodic interview analysis, a framework that segments each interview into thematic episodes at natural transition points, constructing six composite indices capturing both what narrators […]

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Cannibalization or Complementarity? The Effect of Online Sports Betting on Brick-and-Mortar Casino Revenues

by Aneesh Shah Kulkarni Abstract This paper estimates the causal effect of online sports betting (OSB) launch on land-based casino revenues using a staggered difference-in-differences framework applied to a monthly panel of 23 U.S. states from 2012 through 2025. OSB launch produces no detectable reduction in total casino revenues but is associated with a 15 […]

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Questions?

Undergraduate Program Assistant
Matthew Eggleston
dus_asst@econ.duke.edu

Director of the Honors Program
Michelle P. Connolly
michelle.connolly@duke.edu