Economics News

A research paper by Devashish Mitra, professor of economics and Gerald B. and Daphna Cramer Professor of Global Affairs, found that “temporary shocks like the Y2K problem can have permanent effects, i.e., they can permanently raise the extent of offshoring in an industry.”

Gary Engelhardt, professor of economics, and his team's research concluded that people who continued to work past retirement age enjoyed an increase in the size of their networks of family and friends of 25 percent. The social networks of retired people, on the other hand, shrank during the five-year period.

Chris Meek '92 B.A. (PSc/Econ) is the co-founder and Chairman of SoldierStrong, an organization that provides state-of-the-art medical devices and scholarships to troops and returning veterans. 

“The problem of low-wage workers is real,” says Professor of Economics Don Dutkowsky. “It’s a trap for them. These jobs are precious to people, but they may not pay the best and moving around is not easy.”

Don Dutkowsky, professor of economics, offers advice on improving credit by using credit cards for bad credit and how to decide between a secured and an unsecured credit card in WalletHub.

“The transportation funds can (not only) get the personnel coming down here, but visitors,” Michael Wasylenko, professor of economics, said. “It would have a very good economic impact for us as a region.” 

Don Dutkowsky, professor of economics, notes that doctorates in economics have thrived due to the expansive job market available in economics both inside and outside of academia. Alfonso Flores-Lagunes, professor of economics, adds that an increase in economic majors has yielded a higher demand for economics instructors, opening up doors for economics doctorates where they are closing in other fields of study.

According to Devashish Mitra, professor of economics & Gerald B. and Daphna Cramer Professor of Global Affairs, "to fully employ the growing labour force gainfully and productively, India will probably have to create tens of millions of modern-sector jobs over the next few years."

"In terms of effectiveness, the move undoubtedly prevents further circulation of existing counterfeit currency in the two demonetised denominations (Rs 500 and Rs 1,000)," writes Devashish Mitra, professor of economics, and his co-author.

"The E.U. must therefore promise to enforce political autonomy for the North after reunification—by, for instance, threatening to impose sanctions on the Cypriot government if it fails to live up to the deal," writes Kristy Buzard, assistant professor of economics, on the reunification of the Republic of Cyprus with the Turkish Republic of Northern Cyprus.

Donald Dutkowsky, professor of economics, said that Syracuse University has been mostly self-sustaining for many years with funding primarily from tuition and donations, and that President Trump's education policies will not necessarily be a big player in SU’s operations.