Document Type



Doctor of Philosophy (PhD)



First Advisor's Name

Cem Karayalcin

First Advisor's Committee Title

Committee chair

Second Advisor's Name

Sheng Guo

Second Advisor's Committee Title

Committee member

Third Advisor's Name

Qiang Kang

Third Advisor's Committee Title

Committee member

Fourth Advisor's Name

Norihiko Matsuda

Fourth Advisor's Committee Title

Committee member


Internal migration, Entrepreneurship, Data scraping, Textual analysis, Risk hedging

Date of Defense



Expectations of higher income and better living conditions are the major causes behind migration. Whether migration is temporary or permanent is a consequence of both these expectations as well as the policies and the economic development of the host area. Migration comes with risks and migrants are more willing to take risks than nonmigrants. Entrepreneurship, like migration, also requires risk-taking for potentially high returns. The theme that connects the three chapters in the dissertation is the risks people take as they decide to migrate, to start new businesses, and the hedging strategies they adopt to mitigate these risks. This paper studies internal migration in China and India as well as the risk hedging strategies of trading companies in the US markets.



Included in

Economics Commons



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Rights Statement

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