Bibek Adhikari Wins Prestigious Award for Job Market Paper
Bibek Adhikari, who completed his doctoral degree in economics from Tulane
University in May 2016, has won the prestigious Irving Fisher Award from Omicron
Delta Epsilon, an international honors society of Economics. This award was
announced at the recent annual meetings of the American Economic Association
in Chicago, IL, and comes with a cash award of $1,000.
Bibek won the award for his job market paper, which provides estimates
of the efficiency gains of introducing a VAT in a worldwide sample of countries
the synthetic control method. The synthetic control is a weighted average of
countries without a VAT that closely resembles the economic structure and outcomes
of the country with a VAT for several years before the adoption of a VAT. Bibek
finds that the VAT has a positive and economically meaningful impact on economic
efficiency, but only for high-income countries. Bibek suggests this could be
because a success of a VAT depends on whether a country can properly design
and enforce a VAT -- which in turn depends on the initial level of development
of the country in question.