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College of Business and Economics News

Economics Students Ready for Research Competition in the Bahamas

paloma chumacero

Paloma Chumacero

Three Boise State economics students have been selected to participate in the Undergraduate Poster Competition at the Association of Private Enterprise Education (APEE) annual conference. Trung Pham, Kelsey Cooper and Paloma Chumacero will represent Boise State in Nassau, Bahamas, competing with 43 other students from universities such as Florida State, Utah State, Wesleyan, Baylor and Texas A&M. The competition will take place on April 6 at the Atlantis Paradise Island Resort, the site of this year’s conference.

Paloma Chumacero’s paper is “The Great Recession: Have We Learned Our Lesson?”

“We were all affected by the Great Recession of 2008 or know someone who was,” said Chumacero. “We are still recovering from the economic crash that was caused by many factors such as rating agencies, the political and regulatory process, the Federal Reserve Chairman Alan Greenspan, and the Securities and Exchange Commission. We might think we learned from this tragedy and that it will never happen again, but did we really learn our lesson or is the next big recession closer than we think?”

Kelsey Cooper

Kelsey Cooper

“My research is titled, Water Utilization and Water Quality in Endogenous Economic Growth: A Replication of Khanji and Hudson. Water quantity and quality are explored in this case to explain their combined influence on endogenous economic growth, as well as to examine their separate impact on GDP per capita, ” said Kelsey Cooper. “This study finds that water quality has a greater impact on growth than water resource abundance. The model can be applied to countries as well as state or county data to provide meaningful insight to officials conducting water policy analysis.”

Trung Pham

Trung Pham

Trung Pham’s paper is titled “Is the Lack of Labor Force Participation Offset by Alternative Income?”

Evidence from observation of 1995 to 2017 suggest firms’ decision to purchase labor is complementary to the existing stock of capital, but overproduction in the previous period and higher levels of productivity of the existing labor force deters firms from purchasing more labor,” explains Pham. “On the household side, observation of 2002 to 2016 reveal increases to non-wage incomes (e.g., self-employment and capital gains) discourages households from selling labor.”

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