Barrett

Barrett, The Honors College at Arizona State University proudly showcases the work of undergraduate honors students by sharing this collection exclusively with the ASU community.

Barrett accepts high performing, academically engaged undergraduate students and works with them in collaboration with all of the other academic units at Arizona State University. All Barrett students complete a thesis or creative project which is an opportunity to explore an intellectual interest and produce an original piece of scholarly research. The thesis or creative project is supervised and defended in front of a faculty committee. Students are able to engage with professors who are nationally recognized in their fields and committed to working with honors students. Completing a Barrett thesis or creative project is an opportunity for undergraduate honors students to contribute to the ASU academic community in a meaningful way.

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Understanding the Economic Impact of Community Bank Closures in Rural America

Description
This paper seeks to highlight the strong correlation and potential causation between the presence of physical community bank branches in rural communities and local economic outcomes like payroll, employment, and establishments in a given region. To do this, I conduct a two-part analysis involving a fixed effects model with data…

This paper seeks to highlight the strong correlation and potential causation between the presence of physical community bank branches in rural communities and local economic outcomes like payroll, employment, and establishments in a given region. To do this, I conduct a two-part analysis involving a fixed effects model with data from across the US and a regression discontinuity model of a subset of the data in parts of Delaware and Maryland. Overall, my results show a significant strong correlation between the number of bank branches in a region and the expected percent changes in economic outcomes, but I lack the results to claim causality between the opening or closure of a bank branch and changes in the local economy. This has relevance in understanding the need for physical bank branches as changes in the financial industry since the 2008 Financial Crisis, like online banking, have continued to accelerate.
ContributorsRodriguez, Luke (Author) / McDaniel, Cara (Thesis director) / Kuminoff, Nicolai (Committee member) / Barrett, The Honors College (Contributor) / School of Human Evolution & Social Change (Contributor) / School of International Letters and Cultures (Contributor) / Economics Program in CLAS (Contributor)
Created2022-12