BLOG: The Growing Foreign Investment and Trade Activity of China: Analyzing the Shifting Economic and Political Structure in ASEAN

By Jingxuan Wang, George Washington University

Given that the United States and China are competing for greater economic and political influence in Southeast Asia, this paper addresses the question of whether the United States and China can significantly influence the political activity of countries in 10 countries in Southeast Asia (ASEAN) through the use of economic means. Continue reading BLOG: The Growing Foreign Investment and Trade Activity of China: Analyzing the Shifting Economic and Political Structure in ASEAN

Advertisements

BLOG: The Impact of Minimum Wage Implementation on Women’s Earnings: Evidence from Malaysia

By May Lyn Cheah, University of California, Berkeley

This paper investigates the effect of the introduction of minimum wage legislation in Malaysia, which became effective from January 1, 2013 for employers with six employees or more, and was fully enforced by January 1, 2014 for all employers. The minimum wage ruling prescribed a rate of RM900 (ŨSD 230) per month for Peninsula Malaysia and RM800 (ŨSD 204) for Sabah, Sarawak and Wilayah Persekutuan Labuan. Continue reading BLOG: The Impact of Minimum Wage Implementation on Women’s Earnings: Evidence from Malaysia

Our Summer 2018 Issue

On behalf of the Comparative Advantage Editorial Board, we are honored to present the sixth volume, Summer Issue of the Stanford Undergraduate Economics Journal. Through the years, Comparative Advantage has changed and expanded to include an online blog in addition to our bi-yearly issues, staying true to our mission of providing students a platform to showcase their economic prowess. We are proudly run by undergraduate students … Continue reading Our Summer 2018 Issue

Vector Autoregressive Modeling of Interest Rate Shocks on Bank Balance Sheets: A Comparative Study

By Sara Diressova, Princeton University

Di Tella and Kurlat (2017) and Drechser et al. (2017a) study the effects of a nominal interest rate shock on various bank balance sheet variables. I study the same relationships using a VAR model, to understand them over multiple periods of time, without assumptions of exogeneity, and with clear interactions between variables through impulse response functions (Hamilton 1994). I find that … Continue reading Vector Autoregressive Modeling of Interest Rate Shocks on Bank Balance Sheets: A Comparative Study

BLOG: Employment Effects of Minimum Wage Increases – A Matched Pairs Design Using US Data

By Eric Karsten, Chong An Ong, Immanuel Adriana Rakshana, and Arushi Saksena, University of Chicago 

The minimum wage is a contentious issue, with proponents arguing that it is required to protect the wage security of low-income earners, and opponents arguing that it places downwards pressure on employment in the labor market. Our paper uses a differences in differences regression model, similar to the one used in Card & Krueger(1993) to estimate the unemployment effects of a minimum wage increase. Continue reading BLOG: Employment Effects of Minimum Wage Increases – A Matched Pairs Design Using US Data

BLOG: Is Finance Making Geography Increasingly Insignificant?

By Yuxiang Hou, College of William and Mary

This paper attempts to revisit “the end of geography” debate by incorporating both established theoretical frameworks and the latest empirical evidence. It argues that for five reasons finance is not making geography increasingly insignificant. However, in the long run, things may be different. Continue reading BLOG: Is Finance Making Geography Increasingly Insignificant?