2023 – Vanderbilt Business Review

Dec

03

2023

Is Gentrification Increasing Non-Housing Expenses? The Need for Quantitative Analysis in Nashville

All Posts, Opinionaffordability, analysis, gentrification, housing, living, moy, nashville, quantitative

Brycia James via iStockphoto By Matthew Moy Historic Nashville neighborhoods are changing. Longtime buildings and businesses are being replaced by newer construction projects. Increasingly upscale residential and commercial properties are popping up throughout the city. As indicated by NewsChannel 5, residents believe that the affordability and character of their neighborhoods is changing and leaving them behind. 91.2% of 2022 searches for moves into Tennessee came from states with higher costs of living, with nearly one-quarter hailing from California Gentrification has been a significant point of concern for Nashville residents in recent years. The idea of gentrification has been used to…

Nov

26

2023

By Nathan Park

A Freshman Perspective: September Jobs Report and What It Means for Our Careers

All Posts, Opinioncareer, economy, graduation, jobs, park, recession

jacoblund via iStockphoto By Nathan Park The September U.S. Jobs Report was recently released on Oct. 6 by the U.S. Bureau of Labor Statistics and it blew expectations out of the water. It reported a whopping increase of 336,000 in the U.S. Job Report Non-Farm payroll, which was far above the Dow Jones consensus estimate of 170,000 and was the biggest increase since January. Regarding the different sectors in which these jobs have been added into, jobs in leisure and hospitality rose by 96,000, jobs in government by 73,000, and jobs in health care by 41,000 (compared with the average…

Nov

13

2023

By Madison Keezer

Claudia Goldin’s Nobel Prize: What Does it Mean for Women?

All Posts, Featureseconomics, goldin, keezer, nobel prize, wage, women

monkeybusinessimages via iStockphoto By: Madison Keezer In the heart of Boston's Financial District, one startling statistic echoes among the glass walls of corner offices: a 2019 U.S. Census Poll reports that a female financial manager earns, on average, $33,667 less than their male counterparts. This is not an isolated case, and at the Harvard University Department of Economics just across the Charles River, Claudia Goldin has helped to uncover the factors underlying this trend. For her research regarding the driving forces of gender gaps in labor force participation and wages, the Nobel Prize Committees have awarded Claudia Goldin the 2023…

Nov

12

2023

By Claire Chen

Authoritarian Success Stories? Evaluating Amartya Sen’s “Development as Freedom” in the Unfree World

All Posts, Opinionauthoritarianism, chen, development, economy, freedom, sen

iStock photo by imaginima (2021) By: Claire Chen Amartya Sen’s “Development as Freedom” examines a provocative question posed by authoritarian governments and their sympathizers: does economic development truly necessitate liberal political values, especially in today’s developing world? Such a question becomes especially interesting in the context of Asia’s rapidly industrializing economies. While it is true that some wealthy nations have stable democratic governments, most notably post-WWII Japan, the relationship between prosperity and liberalism is not always clear-cut. South Korea and Taiwan are relatively affluent democracies today, but their authoritarian stints, which both lasted until 1987, could be compatible with economic…

Oct

28

2023

By Isabella Yalif

Skipping College: Shortcut or Blunder?

All Posts, Analysiscollege, graduation, university, yalif

skynesher via iStock Photo By Isabella Yalif In 2011, the sentiment surrounding secondary education was largely positive. 86% of college graduates believed college was a good investment. Now, only 42% of those with college degrees regard their decision as worth it. The impacts of this ideological shift have been significant and swift: as early as 2021, 2.5 million fewer undergraduates enrolled in a college or university than in 2020. Community colleges felt the most significant effects, experiencing a 13% enrollment drop since the beginning of the pandemic: an unfathomably large reduction in such a short period. When deciding whether to…

Sep

10

2023

By Claire Chen

The Populist Revival of the Islamic Banking Movement

All Posts, Economy and Government, Featuresbanking, business, economics, economy

iStock Photo By Claire Chen Islamic banking is on the rise. Recent estimates suggest that the industry can expect a 10 percent growth rate over the next year, part of its broader transformation from a niche cultural product to a mainstream commodity part of the broader ethical finance movement. A prevailing interpretation of Islamic banking considers it as simply another alternative in the consumer banking market. It is here that much of the discourse is centered: Islamic banking appears to be an individual moral statement that the savvy consumer chooses among a variety of products. At the same time, the…

Apr

19

2023

By Yinghan Du

Interview on Economic Status and Agricultural Sector of Argentina

All Posts, Economy and Government, Features

By Yinghan Du Professor Ana Regina Andrade is a Principal Senior Lecturer in Economics in the Department of Economics at Vanderbilt University. Her academic interest is developmental economics and the Latin American economy. Professor Andrade, and a team of graduate students, visited Argentina for an economic field trip in the spring of 2023. In the first part of this interview, she described the general economic history of Argentina and the status of this economy with an emphasis on the agricultural sector. Yinghan To begin with, could you please provide some general background information about the economic status of Latin America…

Apr

16

2023

By Brian Zhao

The Future of AI and Education: ChatGPT Takes the World by Storm

All Posts, Analysis, Industries

(Image: Creative Common License) By Brian Zhao Since its launch in November 2022, ChatGPT quickly became the world’s newest sensation, amassing over 100 million users as of January 2023. Millions of people spanning various industries recognized its potential for revolutionizing our workstyles. The language model chatbot powered by artificial intelligence technology captured everyone’s attention mainly due to its ability to have human-like conversations with users and provide detailed and accurate responses. Some of its capabilities include answering questions, writing essays, compiling poems, translating languages, telling jokes, and writing code, among many other endless applications that users have tested. However, providing…

Apr

16

2023

By Anton Kozyrev

From Traditional Medicine to Digital Health: How China is Transforming Healthcare

All Posts, Analysis, Industries

(image: iStock) By Anton Kozyrev In January of 2023, fresh demographic data from the People’s Republic of China caused a stir. For the first time in 60 years, China’s population had experienced a contraction, with its 2022 population falling by 850,000 from that of 2021. While the phenomenon of deaths exceeding births is a common expectation for many developed nations around the globe, China’s situation poses unique challenges. For the most part, experts suggest that this demographic change is the result of government policies, including the well-known “One Child Policy.” The government ended this policy in 2016, switching to a…