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  • Pre-College Programs

    Summer at Babson offers a range of pre-college experiences that bring our hands-on, entrepreneurial approach to high school students. Options include credit-bearing Babson Academy Summer Study, the non-credit Arthur M. Blank School Summer Program, and additional programming in Miami, giving students multiple ways to explore their interests and build practical skills, connections, and confidence before college.

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profile image for Mahdi Majbouri

Mahdi Majbouri

  • Professor
Academic Division: Economics
CV
781-239-5549

Academic Degrees

  • Ph D, University of Southern California Los Angeles
  • MBA, Sharif University of Technology
  • BS, Sharif University of Technology

Awards & Honors

  • 2023 — Babson College Research Fund, Faculty Research Angel Fund Grant, Babson College
  • 2021 — Babson College Interdisciplinary Award 2021, Babson College
  • 2021 — Babson College Research Fund, Babson College
  • 2016 — ERF Paper Publication Award, Economic Research Forum
  • 2015 — ERF Paper Publication Award, Economic Research Forum
  • 2014 — Ibn Khaldun Prize, Middle East Economic Association
  • 2013 — Babson Summer Research Fund, Babson Faculty Research Fund at Babson College
  • 2012 — Babson Summer Research Fund, Babson Faculty Research Fund at Babson College
  • 2011 — Babson Glavin Center Research Fund, Babson Glavin Center Research Fund at Babson College
  • 2009 — Wallis Annenberg Fellowship for Research on Women, Wallis Annenberg Foundation

Courses

  • Degree Courses 2027

    • DBA 8113 QUANTITATIVE RESEARCH METHODS I
    • DBA 8115 QUANTITATIVE RESEARCH METHODS II

  • Degree Courses 2026

    • SES 2000 SOCIO-ECOLOGICAL SYSTEMS
    • ECN 6310 MODERN ECONOMETRICS FOR BUSINESS
    • DBA 8113 QUANTITATIVE RESEARCH METHODS I

  • Degree Courses 2025

    • SES 2000 SOCIO-ECOLOGICAL SYSTEMS
    • ECN 2002 PRINCIPLES OF MICROECONOMICS
    • ECN 3655 MANAGERIAL ECONOMICS

Publications

Journal Articles

  • Shay, J.P., Kelley, D.J., Majbouri, M., Davenport, T.H. (2026). How Ambitious Entrepreneurs Can Accelerate Their Growth with AI. Harvard Business Review. Issue: February. Harvard Business School Press. link
  • Majbouri, M. (2026). Sir! I’d Rather Go to School, Sir!. Economic Development and Cultural Change. Vol: 74, Issue: 2, Page: 727-746. University of Chicago Press. link
  • Shay, J.P., Kelley, D.J., Majbouri, M., Davenport, T.H. (2025). How Ambitious Entrepreneurs Can Accelerate Their Growth with AI. Harvard Business Review (Digital Edition). Harvard Business School Press.
  • Barsoum, G., Majbouri, M. (2025). COVID-19’s gendered effect on subjective wellbeing in MENA countries. Scientific Reports. Vol: 15, Issue: 1. Springer Science and Business Media LLC. link
  • Majbouri, M. (2022). Early-life exposure to Saharan dust storms and adolescence functional disability: Evidence from Cameroon. Science of the Total Environment. Vol: 858, Issue: 3. Elsevier. link
  • Said, M., Majbouri, M., Barsoum, G. (2022). Sticky Floors and Glass Ceilings: Gender Wage Gap in Egypt. Feminist Economics. Vol: 28, Issue: 4, Page: 137-165. Informa UK Limited. link
  • Karimi, S.M., Majbouri, M., DuPré, N., White, K.B., Little, B.B., McKinney, W.P. (2021). Weather and COVID-19 Deaths During the Stay-at-Home Order in the United States. Journal of Occupational & Environmental Medicine. Vol: 63, Issue: 6, Page: 462-468. Ovid Technologies (Wolters Kluwer Health). link
  • Kelley, D.J., Majbouri, M., Randolph, A.F. (2021). Black Women Are More Likely to Start a Business than White Men. Harvard Business Review (Digital Edition). Issue: May 11, 2021. link
  • Karimi, S.M., Pouran, H., Majbouri, M., Moradi-Lakeh, M., Hakimian, H. (2020). Saharan sand and dust storms and neonatal mortality: Evidence from Burkina Faso. Science of The Total Environment. Vol: 729, Page: 139053. Elsevier BV. link
  • Majbouri, M. (2020). Fertility and the Puzzle of Female Employment in the Middle East. Economics of Transition and Institutional Change. link
  • Majbouri, M., Fesharaki, S. (2019). Correction to: Iran’s Multi-ethnic Mosaic: A 23-Year Perspective. Social Indicators Research. Vol: 145, Issue: 3, Page: 959-959. Springer Science and Business Media LLC. link
  • Majbouri, M., Fesharaki, S. (2019). Iran’s Multi-ethnic Mosaic: A 23-Year Perspective. Social Indicators Research. Vol: 145, Issue: 3, Page: 831-859. Springer Science and Business Media LLC. link
  • Majbouri, M. (2019). Twins, family size and female labour force participation in Iran. Applied Economics. Vol: 51, Issue: 4, Page: 387-397. Informa UK Limited. link
  • Majbouri, M. (2017). Income mobility and the Arab spring: the case of Egypt and Jordan. Applied Economics Letters. Vol: 24, Issue: 15, Page: 1070-1074. Informa UK Limited. link
  • Majbouri, M. (2017). Oil, Laws, and Female Labor Force Participation. International Advances in Economic Research. Vol: 23, Issue: 1, Page: 91-106. Springer Science and Business Media LLC. link
  • Majbouri, M. (2016). Against the Wind: Labor Force Participation of Women and Economic Instability in Iran. Feminist Economics. Vol: 22, Issue: 4, Page: 31-53. Informa UK Limited. link
  • Majbouri, M. (2016). Oil and entrepreneurship. Energy Policy. Vol: 94, Page: 10-15. Elsevier BV. link
  • Majbouri, M. (2015). Calculating the income counterfactual for oil producing countries of the MENA region. Resources Policy. Vol: 44, Page: 47-56. Elsevier BV. link
  • Majbouri, M. (2015). Female Labor Force Participation in Iran: A Structural Analysis. Review of Middle East Economics and Finance. Vol: 11, Issue: 1, Page: 1-23. Walter de Gruyter GmbH. link
  • Salehi-Isfahani, D., Majbouri, M. (2013). Mobility and the Dynamics of Poverty in Iran: Evidence from the 1992–1995 Panel Survey. Quarterly Review of Economics and Finance. Vol: 53, Issue: 3, Page: 257–267. Elsevier BV North-Holland. link
  • Ma, Q., Goukasian, L., Majbouri, M. (2012). The Monetary Policy Risks of Hospitality Stocks. Cornell Hospitality Quarterly. Vol: 53, Issue: 4, Page: 339-346. Sage Publications, Inc.. link
  • Majbouri, M. (2010). The Reaction of Real Estate Related Industries to the Monetary Policy Actions. Journal of Real Estate Economics. Vol: 38, Issue: 2, Page: 355-398. John Wiley & Sons, Inc.. link

Conference Proceedings

  • Majbouri, M. (2016). Children and Mother’s Participation in MENA. Vol: 18, Issue: 1. Middle East Economic Association.

Book Chapters

  • Beshkar, M., Majbouri, M. (2019). Estimating a Model of Settlement Bargaining in World Trade Organization: The WTO and Economic Development. Page: 325-354. MIT Press. link
  • Majbouri, M. (2015). Start Your Class With A “What Do You Know?” Survey: Evolving Entrepreneurial Education: Innovation in the Babson Classroom. Emerald Publishing LTD. link
  • Majbouri, M. (2014). Risk Aversion: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Majbouri, M. (2014). Risk Neutrality: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Majbouri, M. (2014). Risk Premium: Wiley Encyclopedia of Management. Issue: 3rd. John Wiley & Sons, Inc..
  • Strauss, J., Qian, E.Y., Shen, M., Liu, D., Majbouri, M., Sun, Q., Ying, Q. (2010). Private Sector Industrialization in China: Evidence from Wenzhou: Community , Market and State in Development. Palgrave MacMillan. link

Reports

  • Majbouri, M., Shay, J.P., Kelley, D.J. (2026). Introduction: The United States Economy 2025/2026: Global Entrepreneurship Monitor 2024/2025 USA Report.
  • Kelley, D.J., Shay, J.P., Majbouri, M. (2025). Introduction: The United States Economy 2024/2025: Global Entrepreneurship Monitor 2024/2025 USA Report.
  • Kelley, D.J., Shay, J.P., Majbouri, M., Brush, C.S., Corbett, A.C., Daniels, C., Hechavarria, D.M., Auguste, D. (2025). Global Entrepreneurship Monitor (GEM) 2024/2025 United States Report. Babson College.
  • Kelley, D.J., Shay, J.P., Majbouri, M., Brush, C.S., Corbett, A.C., Daniels, C. (2024). Global Entrepreneurship Monitor (GEM) 2023/2024 United States Report. Babson College.
  • Kelley, D.J., Shay, J.P., Majbouri, M., Brush, C.S., Corbett, A.C. (2023). Global Entrepreneurship Monitor (GEM) 2022 United States Report. Babson College.
  • Kelley, D.J., Shay, J., Majbouri, M., Brush, C., Corbett, A., Daniels, C. (2022). Global Entrepreneurship Monitor (GEM) 2021/2022 United States Report: Global Entrepreneurship Monitor (GEM) 2021/2022 United States Report. Babson College.
  • Kelley, D.J., Shay, J.P., Majbouri, M., Brush, C.S., Corbett, A.C. (2021). Global Entrepreneurship Monitor (GEM) 2019/2020 United States Report. Babson College.
  • Kelley, D.J., Brush, C.S., Corbett, A.C., Majbouri, M. (2020). Global Entrepreneurship Monitor (GEM) 2019/2020 United States Report. Babson College. link
  • Lange, J.E., Brush, C.S., Corbett, A.C., Kelley, D.J., Kim, P.H., Majbouri, M., Vedula, S. (2019). Global Entrepreneurship Monitor (GEM) 2018/2019 United States Report. Babson College. link
  • Lange, J.E., Ali, A., Brush, C., Corbett, A.C., Kelley, D.J., Kim, P.H., Majbouri, M. (2019). Global Entrepreneurship Monitor (GEM) 2017 United States Report. Babson College. link
  • Kelley, D.J., Ali, A., Brush, C., Corbett, A.C., Kim, P.H., Majbouri, M. (2017). Global Entrepreneurship Monitor (GEM) 2016 United States Report. Page: 54. Babson College.
  • Kelley, D., Brush, C.S., Greene, P.G., Majbouri, M. (2017). Global Entrepreneurship Monitor Women's Entrepreneurship 2016/17 Report. Page: 94. Global Entrepreneurship Monitor.
  • Kelley, D.J., Ali, A., Brush, C.S., Corbett, A.C., Daniels, C., Kim, P.H., Lyons, T., Majbouri, M., Rogoff, E. (2016). Global Entrepreneurship Monitor 2015 United States Report: The Global Entrepreneurship Monitor US Report. Page: 65. Babson College. link
  • Brush, C.S., Kelley, D.J., Ali, A., Corbett, A.C., Daniels, C., Kim, P.H., Majbouri, M., Lyons, T., Rogoff, E. (2015). Women Entrepreneurs: 2014 United States Report: Global Entrepreneurship Monitor. Page: 33-40. Babson College. link
  • Kelley, D.J., Ali, A., Brush, C.S., Corbett, A.C., Daniels, C., Kim, P.H., Lyons, T.S., Majbouri, M., Rogoff, E.G. (2015). Global Entrepreneurship Monitor: 2014 United States Report: 2014 United States Report: Global Entrepreneurship Monitor.
  • Kelley, D.J., Ali, A., Brush, C.S., Corbett, A.C., Lyons, T., Majbouri, M., Rogoff, E.G. (2014). Global Entrepreneurship Monitor 2013 United States Report. Babson College. link
  • Kelley, D.J., Ali, A., Brush, C.S., Corbett, A.C., Majbouri, M., Rogoff, E.G. (2013). Global Entrepreneurship Monitor (GEM) 2012 United States Report. Babson College. link
  • Kelley, D.J., Ali, A., Rogoff, E.J., Brush, C.S., Corbett, A.C., Majbouri, M., Hechevarria, D. (2012). Global Entrepreneurship Monitor 2011 United States Report. Babson College.

Presentations

  • Counting Lipsticks: Accounting for Preferences Majbouri, M. The 21st MEEA International Conference, Istanbul, Turkey (2025)
  • Preferences and the Puzzle of Female Labor Force Participation Majbouri, M. The 2025 Econometric Society World Congress (every 5 years), Seoul, Korea (2025)
  • Preferences and the Puzzle of Female Labor Force Participation Majbouri, M. Conference on Labor Markets and Demographics, Doha, Qatar (2025)
  • From Classroom to Conference: A Publishable Applied Econometrics Project for Undergraduate Students Majbouri, M. The 2025 Conference on Teaching and Economics Education, Denver, CO, USA (2025)
  • Preferences and the Puzzle of Female Labor Force Participation Majbouri, M. The 2024 Liberal Arts Colleges Development Economics (LACDEV) Conference, Williams College, Williams town, MA, USA (2024)
  • Preferences and the Puzzle of Female Labor Force Participation Majbouri, M. The 20th International Conference of the Middle East Economic Association, Istanbul, Turkey (2024)
  • Preferences and the Puzzle of Female Labor Force Participation Majbouri, M. The 2024 Annual Conference of the International Association For Feminist Economics, Rome, Italy (2024)
  • Learning Development Economics Through A Game Majbouri, M. The 2024 Conference on Teaching and Economics Education, Atlanta, GA, USA (2024)
  • Preferences Towards Women’s Employment in the MENA Region Majbouri, M. The 2023 ASSA/MEEA Annual Meeting, New Orleans (2023)
  • Leveraging GEM Data for Student Engagement Kelley, D. Majbouri, M. Leveraging GEM Data for Student Engagement, Babson College (2022)
  • Interdisciplinary and Collaborative Research using GEM Data Kelley, D. Shay, J. Majbouri, M. Erzurumlu, S. Brush, C. Randolph, A. Babson Research Day, Babson College (2022)
  • Sir! I'd Rather Go to School, Sir! Majbouri, M. The Econometric Society World Congress, Boconni, Italy (online) (2020)
  • A Proposal for a Smooth Energy Subsidy Reform Majbouri, M. International Monetary Fund Speaker Series, Washington, DC (2019)
  • Moderator, Panel Discussion: GEM Past, Present & Future Opportunities for Research & Guidance for Policy Makers Lange, J. Bygrave, W. Kelley, D. Neck, H. Zacharakis, A. Majbouri, M. U.S. Global Entrepreneurship Monitor U.S. 20th Anniversary Celebration, Wellesley, MA (2019)
  • The Weight of History: A Natural Experiment in Higher Education Majbouri, M. Econometric Society Africa Meeting, Rabat, Morocco (2019)
  • Financing Innovative Entrepreneurship: The Influence of Gender Ali, A. Kelley, D. Majbouri, M. Brush, C. Diana International Conference, WEllesley, MA (2019)
  • A Proposal for a Smooth Energy Subsidy Reform Majbouri, M. IZA Seminar, Bonn, Germany (2019)
  • Eliminating Supply: A Natural Experiment in Higher Education Majbouri, M. 25th Economic Research Forum Annual Conference, Kuwait City, Kuwait (2019)
  • Climate change: through the lenses of science, economics, and finance. Panel presentation and discussion. Carey, J. Harrity, M. Majbouri, M. Babson Research Day, Babson College (2019)
  • Counting Lipsticks: Accounting for Preferences Majbouri, M. The 40th Middle East Economic Association Annual Meeting, Atlanta, GA (2019)
  • Eliminating Supply: A Natural Experiment in Higher Education Majbouri, M. 3rd RIEME Conference, Sorbonne, Paris, France (2018)
  • The Power of Demand: A Natural Experiment in Higher Education Majbouri, M. UMASS-Lowell Econ Dept. Seminar Series, UMASS-Lowell Economics Department (2018)
  • Sir! I’d Rather Go to School, Sir! Majbouri, M. 24th Economic Research Forum, Cairo, Egypt (2018)
  • Eliminating Supply: A Natural Experiment in Higher Education Majbouri, M. 1st IZA/World Bank/NJD Conference on Jobs and Development, Bogotá, Colombia (2018)
  • Eliminating Supply: A Natural Experiment in Higher Education Majbouri, M. The ASSA/MEEA Annual Meeting 2018, Philadelphia, PA (2018)
  • Unemployment, State Taxes and Entrepreneurship Majbouri, M. Kelley, D. Ali, A. 2017 International Council of Small Business (ICSB) Conference, Buenos Aires, Argentina (2017)
  • Counting Lipsticks: Acounting for Preferences Majbouri, M. 92nd Western Economic Association International Conference, San Diego, CA (2017)
  • Sir! I’d Rather Go to School, Sir! Majbouri, M. The 37th MEEA Annual Meeting, Chicago, IL (2017)
  • Sir! I’d Rather Go to School, Sir! Majbouri, M. The World Bank Seminar Series, Washington, DC (2016)
  • Sir! I’d Rather Go to School, Sir! Majbouri, M. Liberal Arts Development Economics Conference (LACDEV), Poughkeepsie, NY (2016)
  • Cultural Revolution in Iran: A Natural Experiment in Tertiary Education Majbouri, M. Western Economic Association International 2016, Portland, OR (2016)
  • Sir! I’d Rather Go to School, Sir! Majbouri, M. Human Capital and Economic Growth, Helsinki, Finland (2016)
  • Cultural Revolution in Iran: A Natural Experiment in Tertiary Education Majbouri, M. Wellesley College Econ Division Brown Bag Lunch, Wellesley, MA (2016)
  • Income Mobility and the Arab Spring: The Case of Egypt and Jordan Majbouri, M. 22nd Annual Conference of Economic Research Forum, Cairo, Egypt (2016)
  • Twins, Family Size, and Female Labor Force Participation in Iran Majbouri, M. 22nd Annual Conference of Economic Research Forum, Cairo, Egypt (2016)
  • Does Having More Children Affect Female Employment in MENA? Majbouri, M. MEEA/ASSA Annual Meetings, San Francisco, CA (2016)
  • Exemption and Education: Exploiting a Discontinuity in Military Service Law Majbouri, M. Babson Faculty Research Fund Research Chat, Babson College, Babson Park, MA (2015)
  • Exemption and Education: Exploiting a Discontinuity in Military Service Law Majbouri, M. AALIMS Conference, Princeton, NJ (2015)
  • Estimating a Model of Settlement Bargaining in World Trade Organization Beshkar, M. Majbouri, M. CESifo Trade and Development Workshop, Venice, Italy (2015)
  • Income Mobility and the Arab Spring: The Case of Egypt and Jordan Majbouri, M. The 90th Annual Conference of Western Economic Association International, Honolulu, HI (2015)
  • Oil, Patriarchy (Laws), and Female Labor Force Participation Majbouri, M. Center for Women's Entrepreneurial Leadership Seminar Series, Babson College, MA (2015)
  • Exemption and Education: Exploiting a Discontinuity in Military Service Law Majbouri, M. Wellesley College Economics Department Brown Bag Lunch Series, Wellesley, MA (2014)
  • Estimating the Income Counterfactual for Oil Producing Countries of the Middle East Majbouri, M. Babson Faculty Research Fund Research Chat, Wellesley, MA (2014)
  • Estimating the Income Counterfactual for Oil Producing Countries of the Middle East Majbouri, M. ERF 20th Annual Conference: Economic Development and Social Justice, Cairo, Egypt (2014)
  • Estimating the Counterfactual Hartwick Rule for Oil‐Producing Countries of the Middle East Majbouri, M. 34th Annual Meeting of the Middle East Economic Association (MEEA), Philadelphia, PA (2014)
  • Oil and Female Labor Force Participation Majbouri, M. 2nd International Iranian Economic Association Conference, Istanbul, Turkey (2013)
  • Oil and Entrepreneurship in MENA countries: Evidence from GEM surveys Majbouri, M. GEM Research Conference On Entrepreneurship And Economic Development, Barcelona, Spain (2013)
  • Oil and Female Labor Force Participation Majbouri, M. 10th Midwest International Economic Development Conference, Madison, WI (2013)
  • Oil and Entrepreneurship in MENA Countries: Evidence from GEM Surveys Majbouri, M. Babson Faculty Research Fund Research Chat, Wellesley, MA (2013)
  • Oil and Entrepreneurship in MENA countries: Evidence from GEM surveys Majbouri, M. 12th International Conference of The Middle East Economic Association (MEEA), Speyer, Germany (2013)
  • Oil and Female Labor Force Participation Majbouri, M. Pacific Conference for Development Economics (PacDev), San Francisco, CA (2013)
  • Oil and Female Labor Force Participation Majbouri, M. 87th Annual Conference of the Western Economic Association International, San Francisco, CA (2012)
  • Is Regulation Better than Liberalization: Challenge Revisited Majbouri, M. 32nd Annual Meeting of The Middle East Economic Association (MEEA), Chicago, IL (2012)
  • Majbouri, M. 4th PGN Conference, London, UK (2011)
  • Majbouri, M. 8th Midwest International Economic Development Conference, University of Wisconsin-Madison (2011)
  • Majbouri, M. ASSA Annual Meetings, Denver, CO (2011)
  • Majbouri, M. IIEA Innaugural Conference, London, UK (2011)
  • Majbouri, M. Western Economic Association International Annual Conference, San Diego, CA (2011)
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Professional Services

  • Board Member Middle East Economic Association (2015 - Present)
  • Board Member Economic Research Forum (2025 - 2028)
  • Editor, Associate Editor Middle East Development Journal (2021 - 2026)
  • Officer, Treasurer Middle East Economic Association (2016 - 2026)
  • Board of Advisors of a Company Economic Research Forum (2023 - 2025)
  • Reviewer, Grant Proposal Qatar National Research Fund (2022 - 2022)
  • Reviewer, Grant Proposal Qatar National Research Fund (2021 - 2021)
  • Reviewer, Grant Proposal Qatar National Research Fund (2020 - 2020)
  • Reviewer, Grant Proposal Qatar National Research Fund (2020 - 2020)
  • Reviewer, Grant Proposal National Science Foundation (2018 - 2018)
  • Reviewer, Grant Proposal Qatar National Research Fund (2018 - 2018)

Professional Memberships

  • Econometric Society
  • IZA (2017 - 2022)
  • Economic Research Forum (2017 - Present)
  • American Economic Association
  • Middle East Economic Association (2015 - 2016)

Department & College Wide Services

  • Faculty Director for the MSBA Program (Spring 2019 - Summer 2024)
  • Faculty Workload and Compensation Committee (Fall 2013 - Fall 2018)
  • Faculty Workload and Compensation Committee (Fall 2017 - Spring 2018)