Corporate Governance in State-Owned and Privately-Owned Enterprises
by Despoina Chouliara Abstract In this paper I examine the principal/agency relationship in corporate governance and introduce it in a steady state growth model. More specifically, I will model a profit-maximizing privately-owned enterprise and a series of state-owned enterprises with varying economic goals. I will use the insights of agency theory to revisit the debate […]
Labor Market Effects of the Minimum Wage in South Korea
by Alec Ashforth Abstract This paper analyzes survey data from businesses regarding individual worker earnings, hours, and characteristics from 1971 to 1998 in order to estimate the labor market effects of the minimum wage in South Korea. Since the minimum wage was only implemented in manufacturing, construction, and mining industries, we are able to compare […]
The Impact of Conflict on Economic Activity: Night Lights and the Bosnian Civil War
by Stephanie Dodd Abstract The tendency of violent conflict to suppress economic activity is well documented in the civil war economic literature. However, differential consequences resulting from distinct characteristics of conflicts have not been rigorously studied. Utilizing new conflict data on the 1992-1995 Bosnian civil war from Becker, Devine, Dogo, and Margolin (2018) and DSMP-OLS […]
Predicting the Work Task Replacement Effects of the Adoption of Machine Learning Technology
by Shreya Hurli Abstract This paper develops a methodology to attempt to predict which tasks in the workforce will be resistant to the replacement of labor by machine learning technology in the near future given current technology and technology adoption trends. Tasks are individual activities completed as parts of a job. Prior research in the […]
The Effects of Health IT Innovation on Throughput Efficiency in the Emergency Department
by Michael Levin Abstract Overcrowding in United States hospitals’ emergency departments (EDs) has been identified as a significant barrier to receiving high-quality emergency care, resulting from many EDs struggling to properly triage, diagnose, and treat emergency patients in a timely and effective manner. Priority is now being placed on research that explores the effectiveness of […]
Patrolling the Future: Unintended Consequences of Predictive Policing in Chicago
By Jenny Jiao In the past decade, police departments have increasingly adopted predictive policing programs in an effort to identify where crimes will occur and who will commit them. Yet, there have been few empirical analyses to date examining the efficacy of such initiatives in preventing crime. Using police and court data from the […]
Investigating the Impact of Chinese Financing on Productivity in the African Continent
By Kedest Mathewos Given that productivity is a key component of long-term economic growth and that China has become an important source of external financing in Africa, this study aims to investigate the impact of Chinese foreign direct investment and government-to-government loans on productivity. Using a panel of the top fourteen African recipients of […]
Where Did the Money Go? Impact of the ECB’s Corporate Sector Purchase Program on Eurozone Corporate Spending
By Tina Tian Slow corporate growth and a lack of corporate investment has plagued European markets for the past decade. As a response, the ECB began the Corporate Sector Purchase Program (CSPP) in 2016 to provide liquidity to corporate debt markets through bond purchases. Four years after the start of the program, this paper […]
Social Capital and Financial Development after Economic Shocks: Evidence from Italy after the Financial Crisis of 2007-2009
By Sujay Rao & Ethan Lampert Like traditional forms of capital, social capital – an intangible measure of an individual’s social networks, trust in institutions, and participation in civic life – has implications for personal and financial behavior. Individuals from educated, well established backgrounds with fruitful family ties may be more amenable to opening new […]
The Impact of Microfinance on Women’s Empowerment: Evidence from Rural Areas of Uganda
By Sonia Maria Hernandez Microfinance is the practice of extending small collateral-free loans to underserved populations in developing areas with no access to credit. The Village Savings and Loan Association (VSLA) randomized access to microfinance treatment for women in rural areas of Uganda and tracked outcomes through surveys. This research determines the impact of microfinance […]
