Abstract: This paper investigates the economic impact of the Canada Small Business Financing Program (CSBFP) using the 2004 edition of the Survey on Financing of Small and Medium Enterprises. To avoid the usual self-selection problem associated with voluntary participation in such programs, the financing behavior of the business and its intention to grow are used as control variables. Based on this analysis, participation in the CSBFP would have increased growth in salary, employment and revenues by 12, 12, and 7 percentage points, respectively, between 2004 and 2006. Furthermore, CSBFP would have induced around 5,000 jobs, approximately 3.8% of those created in that time span by small private businesses.
"Short and Long-term Impacts of an Increase in Graduate Funding" (R&R Economics of Education Review)
Abstract: This paper studies the short- and long-term impacts of an increase in merit-based scholarships using a novel data set containing 1,114 recipients from the 2004 and 2005 doctoral competitions of the Social Science and Humanities Research Council (SSHRC). Using the scores received by recipients and the funding thresholds, I take advantage of a regression discontinuity design to estimate the causal impact of an increase in scholarship amount on locational choice and career outcomes of recipients. First, I find no evidence that recipients are induced to remain in Canada when they are promised a larger scholarship if they study in Canada. Second, there is no evidence that receiving a larger scholarship affects the probability of PhD completion within either five or nine years. Third, there is some evidence that an increase in scholarship does increase the probability by approximately 13 percentage points of having a tenure-track academic position nine years after receiving the award, but only for students who were initially awarded the scholarship in their second year.
"Do Female Evaluators Provide a Different Perspective?" (R&R Journal of Economic Behavior and Organizations)
"The 2009-2011 Economic Action Plan: the Role of Political Allegiance"
Abstract: This paper studies the allocation of projects undertaken within the 2009-2011 Canada Economic Action Plan and finds that electoral districts that provided more support to the Conservative Party during the 2008 elections received significantly more projects than those that supported parties in the opposition. The allocation of recreational projects was the most affected by political allegiance.
"Determinants of Management Expense Ratio for Canadian Mutual Funds" (with M. Kaur)
Abstract: Using a sample of 27 871 Canadian mutual funds, we study the determinants of the Management Expense Ratio (MER). Our main finding is that banks offer mutual funds at a MER 0.5 percentage point cheaper than those offered by non-bank financial institutions. This result can probably be explained by the presence of economies of scope which reduce the operating cost of banks and thus the cost of investing for their clients.
Work in Progress:
"Similar-to-me Bias in the Allocation of Graduate Scholarships"
"Gender Discrimination in the Allocation of Graduate Scholarships"
"Non-Parametric Estimation of Deterrence for Roadway Safety" (with L. Morin and Y. Shang)