📈 economics

Detector-Relative Zombies: Non-Bank Survival Channels at Transocean and Across Offshore Drilling

This paper demonstrates that Transocean's classification as a "zombie" firm is contingent on the specific diagnostic metric used, revealing that non-bank financing channels and industry-specific structures allow offshore drillers to survive despite failing interest-coverage tests, thereby highlighting the sensitivity of aggregate zombie counts to accounting definitions and the need for targeted policy interventions.

lixued kang2026-09-08
📈 economics

Zombie Capacity That Won't Clear: Behavioral Anchoring and Rigid Supply in Offshore Drilling, 2002–2025

This paper argues that the 2002–2025 distress in the offshore drilling industry was primarily triggered by supply and commodity-price shocks that created structural overcapacity, with credit issues acting only as a lagged amplifier for high-leverage firms, while the persistence of this "zombie" capacity is driven by behavioral anchoring to past price peaks and rigid supply constraints.

lixued kang2026-09-08
📈 economics

Profiling the Capture of the Demographic Dividend in the Countries of the Global South

This paper analyzes data from World Development Indicators using various statistical methods to demonstrate that while demographic dynamics significantly influence economic development in the Global South, the magnitude and speed of capturing the demographic dividend are critically determined by investments in education, productivity, employability, regional factors, and the pace of fertility decline.

Claude Mbarga Ella, Parfait M. Eloundou-Enyegue, Emmanuelle Obama, Martial Teda2026-09-08