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1/n Inspired by @leah_boustan ’s very nice shout out to her undergrad senior honors theses, I thought I might tweet (with pride) about the work of our graduating (3rd year) @azimpremjiuniv economics students as well. They leave on Sunday as graduates. . In no order:..
@leah_boustan @azimpremjiuniv @soyra_gune’s thesis studies returns to political connectedness in India. Using a design inspired by @arindube, @snaidunl & #ethankaplan…
she used a sample of 800 firms from 2000-2018, asking if connected firms saw abnormal returns if‘their’ party won.
She constructed her own index using a python scraping script . Firms connected both to the Congress and BJP did substantially better than the average and stockprices were 30- 40% higher than the average for the two week period before and after ‘their’ party won.
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