Our Faculty

Anna Shostya

Associate Professor

Dyson College of Arts and Sciences

Economics - NYC

  • @New York City


Anna Shostya received her PhD in Economics from New School University and her MA in Economics from the City University of New York. She has developed several innovative courses, including the Economics of Immigration and Discrimination and Economic Issues through a Photographer's Lens. Since 2006, she has also been a Visiting Lecturer at the University of Shanghai for Science and Technology. She co-teaches a study abroad course to China, entitled “From Wall Street to the Great Wall.”She is a recipient of an Excellence in Teaching Award, as well as the Mentoring Award. She is a member of the Oxford Round Table for her research contributions to the area of higher education in the US. Dr. Shostya is also an avid photographer and has participated in several photo exhibitions.



Shostya, A. (2016, August). Ambient Air Pollution in China: Predicting a Turning Point. International Advances In Economic Research. Vol 22 (Issue 3) , pages 295-307.

Shostya, A. & Morreale, J. Fostering Undergraduate Research Through a Faculty-Led Study Abroad Experience. International Journal of Teaching and Learning in Higher Education.

Shostya, A. (2015, March). The Use of Time among College Students: A U.S. – China Comparison. International Journal of Education. Vol 7 (Issue 1)


collica-cox, k., Maxam, s., Shostya, A., Evans, B. & Demestihas, E. (2018, June 15). Retention Conference. The Pace Path to retentin Success: Student-Faculty Engagement Outside of the Classroom. Pace University, Pleasantville

Morreale, J. C. & Shostya, A. (2017, March). International Atlantic Economic Conference. Environmental awareness and education among college students in China. International Atlantic Economic Society, Berlin, Germany

Morreale, J. (2016, March). International Atlantic Economic COnference. The Role of Environmentalism and Public Policy in Reducing Air Pollution: A US-China Comparison. International Atlantic Economic SOciety, Lisbon, Portugal

Shostya, A. & McCabe, B. (2015, October 9). International Atlantic Economic Society. Ambient Air Pollution Clean-up in China: Predicting a Turning Point. Boston, USA

Shostya, A. (2015, March). International Atlantic Economic Society. Environmental awareness among Chinese university students. Milan

Shostya, A. (2015, February). Eastern Economic Assosiation. In search of Adam Smith: Socio-economic factors influencing Chinese students' decision to study abroad.. New York City

Shostya, A., Morreale, J., McLoughlin, R., Looram, T., Naranjo, F. & Baraka, O. (2015, February 27). Best Practices Conference. High Impact Educational Practices. Pace University, Graduate Center, White Plains


Her major fields of study are transition economies, higher education, and China economic studies. She has published a variety of papers in her fields and has presented her work at national and international research conferences.


From Wall Street to the Great Wall: Seeing China through Pace Faculty and Student Lenses
[Art - Exhibition, Group] Confucius Institute and Economics Department, Pace University

Grants, Sponsored Research and Contracts

Shostya, A. & Colburn, P. (2015, September). Economic Growth with a Russian Flavor: A Comparative Study of Poland and Ukraine..
Provost-sponsored grant , Pace University . Funded,In the early 1990s, after the fall of the Berlin Wall and the collapse of the Soviet Union, two countries stood out for their size and potential. One was Poland, a country of 38m people and with a centuries-long list of battles and invasions that constantly altered the maps of the Eastern Europe. The other was Ukraine, a country of 52m people who were desperate to start a sovereign existence, independent of any rule, in particular that of Russia. At the moment, it was not clear which one would succeed in improving the standard of living of its citizens. Both seemed to have the same potential. Both seemed to have the same starting point in terms of the GDP per capita. And both were suffering from what was termed “a transformational recession.” Today, such a comparison would be considered absurd. Ukrainian economy is heavily indebted and is shrinking at an annual rate of 18% (the Economist, May 23rd, 2015), mainly due to the war with Russia. Poland was a huge success in transforming its economy during the 1990s. It was also the only European country that retained positive economic growth during the recent Global Financial crisis. Today, Poles are three times richer than Ukrainians (the Economist, May 23rd, 2015). They also enjoy the benefits of being members of the European Union, something that many Ukrainians can only dream of. This research attempts to explain this remarkable divergence. Clearly, some of the factors that lead to the divergence have been purely economic. While the West financed Poles' transition from socialism to capitalism rather handsomely, the sums that have been offered to Ukraine are surprisingly small. Poland also was willing to embrace the structural reforms sooner and remained loyal to the Washington Consensus that praised free market for creating the environment favorable for economic growth and development. Ukraine's shadowy legal system and corrupt governmental apparatus slowed down market reforms and hindered the transition. But there is one more factor that should be considered -- geopolitics. Russia reconciled itself to Poland entering the European Union and becoming part of the west. Yet, Russia has been trying to maintain its grip over Ukraine ever since the USSR had split into 15 sovereign countries. Every time Ukraine makes a step closer to the European Union, Russia retaliates. In the process, Ukraine has lost Crimea. It is losing its coal mines in Donetsk as we are typing this proposal. The purpose of this research is to identify the effect of Russia's wrecking tactics on Ukraine's economy and compare them with economic and internal political factors that determined the growth in Ukraine after the 1991. The goal is to draw parallels between the two countries and using the model of economic growth for Poland, to see what would the GDP per capita and GDP rate of growth be if Ukraine was not vulnerable to Russia's economic, political, and military blackmail.

Shostya, A. & McCabe, B. (2015, June). Ambient Air Pollution Clean-Up in China: Predicting a Turning Point.
Provost-sponsored grant , Pace University . Funded,China's economic rise, which has been quick and spectacular, has come at the expense of its environment and public health. Rapid urbanization and industrialization have caused a series of environmental problems including arable land loss, urban congestion, flooding, health hazards due to toxic materials, water and air pollution, biodiversity loss, and the emission of CO2 in the atmosphere, a major contributor to global warming. China is now emitting almost twice as much carbon dioxide as the United States, has become the second biggest polluter in the world, and has the most polluted cities whose levels often reach 40 times the level declared safe by the World Health Organization (The Economist, Feb. 8, 2014). As a result, China has one of the worst air pollution problems in the world and thus places its residents at significant health risks (Kan et al. 2009; Kan et al. 2012). There is a general belief, however, that China is merely replicating the path of developed countries on the eve of their development. After all, many of the United States and United Kingdom cities were once heavily polluted. Fast economic growth, the market forces and corporations that drive it are usual culprits, but the same can be said about the United States economy. From the end of the 19th century till somewhat the mid of the 20th century, American economy was exhibiting spectacular growth (with the exception of the Great Depression period) that was driven mostly by the market forces, private enterprise, and competitive markets. This fast economic growth also came at terrible cost of environmental degradation. It took a combination of public engagement, government regulation and private sector involvement to introduce the Clean Air Act of 1970 and the Clean Water Act of 1972 and to eventually make the air more breathable and water safer to drink. One of the most debatable questions among developmental economists today is how long it will take China to reduce its current pollution levels to the levels acceptable by the World Health Organization. In particular, how long will it take China to make the ambient air safe to breathe? This is the objective of the current project. The goal of this project is to estimate the time required for Chinese major urban centers to reach the level of air pollution similar to that in the United States' cities. We are planning to conduct a multiple regression analysis, combining the variables from the United States economy and Chinese economy to simulate Chinese growth and development and to estimate the time of the cleanup. Some policy implications will be drawn.

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