James E. Payne, Ph.D.
University of South Florida
Editor-in-Chief, Journal of Economics and Finance
(www.springer.com/journal/12197)
Education:
B.A. in Economics, May 1985, Berea College, Berea, KY
M.S. in Economics, August 1987, Florida State University, Tallahassee, FL
Ph.D. in Economics, April 1989, Florida State University, Tallahassee, FL
Administrative Appointments and Duties:
Regional Vice Chancellor for Academic Affairs & Research, Professor of Finance and
Economics, and Research Associate with the Alternative Energy Research Center (July
2011 to June 30, 2012), College of Technology and Innovation, University of South
Florida Polytechnic, Lakeland, FL
As Regional Vice Chancellor for Academic Affairs & Research of the polytechnic
campus of the University of South Florida System, my responsibilities include leadership
and guidance for the development of the polytechnic vision and mission; oversight of
$21.2 million academic affairs budget including planning and resource allocation for all
academic programs; SACS and program specific accreditations; the establishment of the
Colleges; oversee academic personnel matters including recruitment, hiring, retention,
performance evaluation, promotion and tenure of the faculty; serve as the liaison with the
University of South Florida System, as well as various local, regional, state, national, and
international organizations, and agencies; oversight of the separately funded Florida
Industrial Phosphate Research Institute; assist the Regional Chancellor in capital
campaign and development activities. In November 2011, the Florida Board of
Governors voted to transition the University of South Florida Polytechnic to become the
12th University within the State University System of Florida. Given the directive of the
Board of Governors, I was charged to oversee the three-five year transition plan to
independent status. In April 2012, the Governor signed legislation for the immediate
creation of Florida Polytechnic University and the closure of USF Polytechnic. I have
coordinated with the University of South Florida System in the design of a teach out plan
for existing students, reassignment of faculty and staff, as well as the transfer of all assets
to Florida Polytechnic University. As of July 1, 2012, the position of Regional Vice
Chancellor for Academic Affairs & Research no longer exists, thus I have been
reassigned to the College of Business at the University of South Florida in Tampa.
Interim Dean and Professor of Economics (April 2009 to June 2011), College of Arts &
Sciences, Illinois State University, Normal, IL
Managed a College of 16 departments/schools with 326 tenure-track faculty, 138
full/part-time non-tenure faculty, 62 administrative professionals, and 57 civil service
staff with a student enrollment in the College of 6,400. The College staff includes three
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associate deans, one assistant dean, and three administrative staff. The College offers at
the undergraduate level 19 B.S. and 17 B.A. degree programs, 44 discipline-based
minors, and 14 interdisciplinary minors. The College offers at the graduate level 5
Doctorial Programs along with 17 M.S. and 12 M.A. degree programs. The College’s
overall budget is $47.4 million.
Responsibilities include leadership and guidance in the implementation of College’s
strategic plan and mission; oversight of departments/schools and centers/institutes;
oversee academic personnel matters including recruitment, hiring, retention, performance
evaluation of departments/schools and administrative staff, promotion and tenure of the
faculty; budget planning and management; facilities and technology; liaison to University
administration; foster cross-disciplinary collaborations across Colleges; community
engagement and outreach; enhancing alumni relations; and fund-raising activities.
Fundraising on behalf of the College, April 1, 2009 to June 1, 2011: $3,889,135
Grant funding on behalf of the College, April 1, 2009 to June 1, 2011: $12,533,119
Chair and Professor of Economics (July 2003-March 2009), Department of Economics,
Illinois State University, Normal, IL
Managed a department of 16 tenure-track, 4 non-tenure track faculty, and 2
administrative staff with a personnel and operating budget of $1.5 million.
Responsibilities include curriculum development and oversight of the undergraduate and
graduate programs; oversee academic personnel matters including recruitment, hiring,
retention, performance evaluation of faculty and administrative staff, promotion and
tenure of the faculty; fostering an active research environment for faculty and students;
foster cross-disciplinary collaborations within the College and across the University;
facilitating the Department’s involvement with the Stevenson Center for Community
Economic Development and the Institute for Regulatory Policy Studies; enhancing
alumni relations; fund-raising activities; and serving as the Department’s liaison to
external constituencies.
Fundraising on behalf of the Department, July 1, 2003 to March 31, 2009: $1,037,000
Grant funding on behalf of the Department, July 1, 2003 to March 31, 2009: $2,777,541
Previous Tenure-Track Academic Appointments:
Professor (2001-2003), Associate Professor (1994-2001), Assistant Professor (19921994), Department of Accounting, Finance, & Information Systems, College of Business
& Technology (accredited by AACSB International), Eastern Kentucky University,
Richmond, KY.
Key Leadership Roles:
 Leadership Committee for AACSB International Accreditation
 Coordinator for Quantitative Methods
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
Research Associate, Center for Economic Development, Entrepreneurship, and
Technology providing oversight of the College of Business and Technology
participation in grant projects funded by the Appalachian Regional Commission
and U.S. Economic Development Administration
Assistant Professor (1989-1992), Department of Economics, School of Business
Administration (accredited by AACSB International), Oakland University, Rochester, MI
Visiting Academic Appointments:
Fulbright Research Scholar (Spring-Summer 2000) and Fulbright Senior Specialist (May
2007), Institute of Economics-Zagreb, Croatia: Research collaborations with the
Institute of Economics-Zagreb and the Croatian National Bank on monetary policy and
banking issues.
Visiting Associate Professor (1999-2000), Department of Economics, Gatton College of
Business and Economics (accredited by AACSB International), University of Kentucky,
Lexington, KY
Visiting Assistant Professor (Summer 1994), Economics Institute, Boulder, CO
Visiting Assistant Professor (1988-1989), Department of Economics & International
Business, College of Business (accredited by AACSB International), University of
Southern Mississippi, Hattiesburg, MS
Courses Taught:
Undergraduate:
Basic Economics, Economics of Social Issues, Microeconomic Principles,
Macroeconomic Principles, Intermediate Microeconomics, Intermediate
Macroeconomics, Econometrics, Money and Banking, Regional Economics, Business
Statistics I and II, and Quantitative Methods.
Graduate:
Business Statistical Methods (MBA), Business Forecasting (MBA), Money, Financial
Institutions and Markets (MBA), Survey of Economics (MBA), Seminar in Local
Economic Development (MS), Graduate Readings in Economics (MS), and Graduate
Research in Applied Economics (MS).
Number of Graduate Student Capstone Projects Supervised: 14
Current Research Interests:
Regional Economics, Monetary Economics, International Finance/Open-Economy
Macroeconomics, Public Finance, Financial Economics, Energy Economics, Applied
Time Series Econometrics
Citations/Recognition:
March 2012 (1,944)
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Top Economists List based on Number of Articles (ranked 116) of 55,000+ research
economists worldwide. Study sponsored by European Economic Association
(http://student.ulb.ac.be/~tcoupe/rank1000.html)
Top 5% among 31,000 RePEc (Research Papers in Economics) authors
(http://ideas.repec.org/f/ppa577.html) in the following categories:
 Number of Works
 Number of Distinct Works
 Number of Distinct Works, Weighted by Number of Authors
 Number of Journal Pages
 Number of Journal Pages, Weighted by Number of Authors
Among Top 20 Energy Economists Worldwide listed in RePEc
(http://ideas.repec.org/g/energye.html)
Submissions:
“Panel Evidence on the Change in Real Interest Rate Persistence” with Nicholas Apergis,
Christina Christou and James W. Saunoris (student), under review, International Journal
of Finance and Economics, March 2012.
“Tests of Convergence and Long Memory Behavior in U.S. Housing Prices by State”
with Carlos P. Barros and Luis A. Gil-Alana, under review, Journal of Housing Research,
April 2012.
“U.S. Disaggregated Renewable Energy Consumption: Persistence and Long Memory”
with Carlos P. Barros and Luis A. Gil-Alana, under review, Renewable and Sustainable
Energy Reviews, April 2012.
“Convergence in Per Capita Energy Use among OECD Countries” with Junsoo Lee and
Ming Meng, under review, Energy Economics, June 2012.
“The Relationship between International Financial Reporting Standards, Carbon
Emissions, and R&D Expenditures: Evidence from European Manufacturing Firms”
with Nicholas Apergis and Sofia Eleftheriou, under review European Accounting
Review, June 2012.
“The Prebisch-Singer Hypothesis and Relative Commodity Prices: Further Evidence of
Breaks and Shifting Trends” with Junsoo Lee and Ming Meng, under review, Journal of
Development Economics, July 2012.
“Are Renewable Portfolio Standards Contagious?” with Oguzhan Dincer and Kristi
Radusewicz (student), under review, American Journal of Economics and Sociology,
(invited symposium issue), July 2012.
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Revisions:
“An Exploratory Analysis of Electricity Consumption and Stock Prices: Evidence from
OECD Countries” with Nicholas Apergis, revised and resubmitted upon editor’s request,
Energy Policy, May 2012.
“Evidence of Long Memory Behavior in U.S. Nuclear Electricity Net Generation” with
Carlos P. Barros and Luis A. Gil-Alana, revised and resubmitted upon editor’s request,
Energy Systems, June 2012.
Work in Progress:
“Modeling Volatility Persistence in U.S. State Housing Prices” with Carlos P. Barros and
Luis A. Gil-Alana.
“An Overlooked Central Bank Rescue: How the Bank of France Ended the American
Panic of 1907” with Mary T. Rodgers (to be presented at the NBER Summer Institute
Workshop Development of the American Economy, Harvard University, Cambridge, MA,
July 25-26, 2012).
“Precious Metals, Stocks, and the Macroeconomic Environment: A FAVAR Model
Approach” with Nicholas Apergis and Christina Christou.
“Do Air Pollutant Emissions Per Capita Converge? Evidence from U.S. States” with
Stephanie Miller and Junsoo Lee.
“Do Per Capita Health Care Expenditures Converge among OECD Countries? Evidence
from Unit Root Tests with Level and Trend Shifts” with Stephanie Anderson, Myeong
Hyeon Cho, and Junsoo Lee.
Refereed Journal Articles:
192. “Another Look at the Electricity Consumption-Growth Nexus in South America”
with Nicholas Apergis, Energy Sources, Part B: Economics, Planning, and Policy,
forthcoming.
191. “Economic Freedom and Income Inequality Revisited: A Panel Investigation of
U.S. States” with Nicholas Apergis and Oguzhan Dincer, Contemporary Economic
Policy, forthcoming.
190. “Convergence of Tier 1 Capital Ratios in the European Banking Sector: A NonLinear Factor Approach” with Nicholas Apergis, Alexandros Gabrielsen, and Paolo
Zagaglia, International Journal of Monetary Economics and Finance, forthcoming.
189. “Symposium Overview: ‘The Future of the Euro: Is the Euroland an Optimum
Currency Area?’” with Nicholas Apergis, International Journal of Monetary Economics
and Finance, forthcoming.
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188. “The Long-Run Relationship between Regional Housing Prices: An Empirical
Analysis of the U.S.”, Journal of Regional Analysis and Policy, forthcoming.
187. Testing for Convergence in the European Insurance Sector: A Non-Linear Factor
Approach” with Nicholas Apergis, Alexandros Gabrielsen, and Paolo Zagaglia, Asian
Journal of Finance & Accounting, 4(2), December 2012, 1-15, [LEAD ARTICLE]
186. “The Electricity Consumption-Growth Nexus: Renewable versus Non-Renewable
Electricity in Central America” with Nicholas Apergis, Energy Sources, Part B:
Economics, Planning, and Policy, 7(4), 2012, 423-431.
185. “The Causal Dynamics between U.S. Renewable Energy Consumption, Output,
Emissions, and Oil Prices”, Energy Sources, Part B: Economics, Planning, and Policy,
7(4), 2012, 323-330. [LEAD ARTICLE].
184. “Convergence in U.S. Housing Prices by State: Evidence from the Club
Convergence and Clustering Procedure” with Nicholas Apergis, Letters in Spatial and
Resource Sciences, 5(2), July 2012, 103-111.
183. “Banks’ Management and Credit Rating Changes: Evidence from the U.S. Banking
Industry” with Nicholas Apergis and Chris Tsoumas, The Banking and Finance Review,
4(1), June 2012, 1-16. [LEAD ARTICLE]
182. “A Global Perspective on the Renewable Energy Consumption-Growth Nexus” with
Nicholas Apergis, Energy Sources, Part B: Economics, Planning, and Policy, 7(3), 2012,
314-322.
181. “Live Free or Bribe: On the Causal Dynamics between Economic Freedom and
Corruption in U.S. States” with Nicholas Apergis and Oguzhan Dincer, European Journal
of Political Economy, 28(2), June 2012, 215-226.
180. “Tax-Spend Nexus in Greece: Are There Asymmetries?” with Nicholas Apergis
and James W. Saunoris (student), Journal of Economic Studies, 39(3), May 2012, 327336.
179. “Renewable and Non-Renewable Energy Consumption-Growth Nexus: Evidence
from a Panel Error Correction Model” with Nicholas Apergis, Energy Economics, 34(3),
May 2012, 733-738.
178. “Comovement among U.S. State Housing Prices: Evidence from Fractional
Cointegration” with Carlos P. Barros and Luis A. Gil-Alana, Economic Modelling, 29(3),
May 2012, 936-942.
177. “Tourism and Growth in the Caribbean: Evidence from a Panel Error Correction
Model” with Nicholas Apergis, Tourism Economics, 18(2), April 2012, 449-456.
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176. “Evidence of Long Memory Behavior in U.S. Renewable Energy Consumption”
with Carlos P. Barros and Luis A. Gil-Alana, Energy Policy, 41(2), February 2012, 822826.
175. “Residential Natural Gas Demand in Illinois: Evidence from the ARDL Bounds
Testing Approach” with David Loomis and Renardo Wilson (student), Journal of
Regional Analysis and Policy, 41(2), December 2011, 138-147.
174. “Renewable and Non-Renewable Electricity Consumption-Growth Nexus:
Evidence from Emerging Market Economies” with Nicholas Apergis, Applied Energy,
88(12), December 2011, 5226-5230.
173. “On the Causal Dynamics between Renewable and Non-Renewable Energy
Consumption and Economic Growth in Developed and Developing Countries” with
Nicholas Apergis, Energy Systems, 2(3), November 2011, 299-312.
172. “A Dynamic Panel Study of Economic Development and the Electricity
Consumption-Growth Nexus” with Nicholas Apergis, Energy Economics, 33(5),
September 2011, 770-781. [Top 10 Most Read Article in Energy Economics]
171. “An Empirical Note on R&D Growth Models with Regional Implications” with
James W. Saunoris (student), Journal of Regional Analysis and Policy, 41(1), July 2011,
16-20.
170. “Are Adjustments in the U.S. Current Account Asymmetric? Another Look at
Sustainability” with James W. Saunoris (student), International Journal of Economics and
Business (invited), 1(1), April 2011, 1-10. [LEAD ARTICLE]
169. “On the Dynamics of Poverty and Income Inequality in U.S. States” with Nicholas
Apergis and Oguzhan Dincer, Journal of Economic Studies, March 2011, 38(2), 132-143.
[LEAD ARTICLE]
168. “The Role of Political and Institutional Factors in the Convergence Patterns of
International Equity Markets” with Nicholas Apergis and Christina Christou, (invited),
Special Issue: Current Issues in Financial Economics, Atlantic Economic Journal, March
2011, 39(1), 7-18. [LEAD ARTICLE]
167. “U.S. Disaggregate Fossil Fuel Consumption and Real GDP: An Empirical Note”,
Energy Sources, Part B: Economics, Planning, and Policy, 6(1), January 2011, 63-68.
166. “On Biomass Energy Consumption and Real Output in the U.S.”, Energy Sources,
Part B: Economics, Planning, and Policy, 6(1), January 2011, 47-52.
165. “An Analysis of Oil Production by OPEC Countries: Persistence, Breaks, and
Outliers” with Luis A. Gil-Alana and Carlos P. Barros, Energy Policy, 39(1), January
2011, 442-453.
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164. “The Renewable Energy Consumption-Growth Nexus in Central America” with
Nicholas Apergis, Applied Energy, 88(1), January 2011, 343-347.
163. “The Tourism-Growth Nexus in Croatia” with Andrea Mervar, Tourism Economics,
16(4), December 2010, 1089-1094.
162. “Energy Consumption and Economic Growth in South America: Evidence from a
Panel Error Correction Model” with Nicholas Apergis, Energy Economics, 32(6),
November 2010, 1421-1426.
161. “Renewable Energy Consumption and Growth in Eurasia” with Nicholas Apergis,
Energy Economics, 32(6), November 2010, 1392-1397.
160. “Does Energy Consumption by the U.S. Electric Power Sector Exhibit Long
Memory Behavior?” with Luis A. Gil-Alana and David Loomis, Energy Policy, 38(11),
November 2010, 7512-7518.
159. “Sectoral Analysis of the Causal Relationship between Renewable and NonRenewable Energy Consumption and Real Output in the U.S.” with Nicholas Bowden
(student), Energy Sources, Part B: Economics, Planning, and Policy, 5(4), October 2010,
400-408. [Top 20 Most Read Article in Energy Sources, Part B: Economics, Planning,
and Policy]
158. “Introduction to the Symposium on Mathematics and Economics: Some
Perspectives from the Mathematical Association of America Curriculum Foundation
Seminar”, with Richard Vogel, Journal of Economics and Finance, 34(4), October 2010,
468-470.
157. “The Relationship between Corruption and Income Inequality in U.S. States:
Evidence from a Panel Cointegration and Error Correction Model” with Nicholas Apergis
and Oguzhan Dincer, Public Choice, 145(1-2), October 2010, 125-135.
156. “Structural Breaks and Petroleum Consumption in U.S. States: Are Shocks
Transitory or Permanent?” with Nicholas Apergis, Energy Policy, 38(10), October 2010,
6375-6378.
155. “On the Causal Dynamics between Emissions, Nuclear Energy, Renewable Energy,
and Economic Growth: A Panel Investigation” with Nicholas Apergis, Kojo Menyah,
and Yemane Wolde-Rufael, Ecological Economics, 69(11), September 2010, 2255-2260.
154. “An Assessment of the Economic Impact of the Wind Turbine Supply Chain in
Illinois” with Lon Carlson and David Loomis, The Electricity Journal, 23(7),
August/September 2010, 75-93.
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153. “Natural Gas Consumption and Growth: A Panel Investigation of 67 Countries”
with Nicholas Apergis, Applied Energy, 87(8), August 2010, 2759-2763.
152. “Are Shocks to Natural Gas Consumption Temporary or Permanent? Evidence
from a Panel of U.S. States” with Nicholas Apergis and David Loomis, Energy Policy,
38(8), August 2010, 4734-4736.
151. “Tax More or Spend Less? Asymmetries in the UK Revenue-Expenditure Nexus”
with James W. Saunoris (student), Journal of Policy Modeling,32(4), July/August 2010,
478-487.
150. “Nuclear Energy Consumption and Economic Growth in the U.S.: An Empirical
Note” with J.P. Taylor (student), Energy Sources, Part B: Economics, Planning, and
Policy, 5(3), July 2010, 301-307. [Top 20 Most Cited and Read Article in Energy
Sources, Part B: Economics, Planning, and Policy]
149. “Are Fluctuations in Coal Consumption Transitory or Permanent? Evidence from a
Panel of U.S. States” with Nicholas Apergis and David Loomis, Applied Energy, 87(7),
July 2010, 2424-2426.
148. “The Causal Dynamics between Coal Consumption and Growth: Evidence from
Emerging Market Economies” with Nicholas Apergis, Applied Energy, 87(6), June 2010,
1972-1977.
147. “A Panel Study of Nuclear Energy Consumption and Economic Growth” with
Nicholas Apergis, Energy Economics, 32(3), May 2010, 545-549.
146. “Coal Consumption and Economic Growth: Evidence from a Panel of OECD
Countries” with Nicholas Apergis, Energy Policy, 38(3), March 2010, 1353-1359.
145. “A Survey of the Electricity Consumption-Growth Literature”, Applied Energy,
87(3), March 2010, 723-731. [LEAD ARTICLE]
144. “Survey of the International Evidence on the Causal Relationship between Energy
Consumption and Growth”, Journal of Economic Studies, 37(1), January 2010, 53-95.
143. “Renewable Energy Consumption and Economic Growth: Evidence from a Panel
of OECD Countries” with Nicholas Apergis, Energy Policy, 38(1), January 2010, 656660.
142. “The Emissions, Energy Consumption and Growth Nexus: Evidence from the
Commonwealth of Independent States” with Nicholas Apergis, Energy Policy, 38(1),
January 2010, 650-655.
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141. “Modeling Wind Speed and Time Varying Turbulence in Geographically Dispersed
Markets in China” with Brian Carroll (student), Energy Sources, Part A: Recovery,
Utilization, and Environmental Effects, 31(19), December 2009, 1759-1769.
140. “On the Dynamics of Energy Consumption and Employment in Illinois”, Journal of
Regional Analysis and Policy, 39(2), 2009, 126-130.
139. “Energy Consumption and Economic Growth: Evidence from the Commonwealth
of Independent States” with Nicholas Apergis, Energy Economics, 31(5), September
2009, 641-647.
138. “Official Dollarization in El Salvador and the Inflation-Inflation Uncertainty
Nexus”, Applied Economic Letters, 16(12), August 2009, 1195-1199.
137. “CO2 Emissions, Energy Usage, and Output in Central America” with Nicholas
Apergis, Energy Policy, 37(8), August 2009, 3282-3286.
136. “Further Evidence on Modeling Wind Speed and Time-Varying Turbulence”,
Energy Sources, Part A: Recovery, Utilization, and Environmental Effects, 31(13),
August 2009, 1194-1203.
135. “Asymmetric Modeling of the Revenue-Expenditure Nexus: Evidence from
Aggregate State and Local Government in the U.S.” with Matthew Zapf (student)
Applied Economics Letters, 16(9), June 2009, 871-876. [LEAD ARTICLE].
134. “Hotel Tax Receipts and the 'Midnight in the Garden of Good and Evil': A Time
Series Intervention Seasonal ARIMA Model with Time-Varying Variance” with Michael
Toma and Richard McGrath, Applied Economics Letters, 16(7), May 2009, 653-656.
[LEAD ARTICLE].
133. “On the Dynamics of Energy Consumption and Output in the U.S.”, Applied
Energy, 86(4), April 2009, 575-577.
132. “The Causal Relationship between U.S. Energy Consumption and Real Output: A
Disaggregated Analysis” with Nicholas Bowden (student), Journal of Policy Modeling,
31(2), March-April 2009, 180-188. [Top 10 Cited Article in Journal of Policy Modeling
Past Five Years]
131. “Day-Ahead Premiums for the Midwest ISO” with Nicholas Bowden (student) and
Su Hu (student), The Electricity Journal, 22(2), March 2009, 64-73.
130. “Energy Consumption and Economic Growth in Central America: Evidence from a
Panel Cointegration and Error Correction Model” with Nicholas Apergis, Energy
Economics, 31(2), March 2009, 211-216. [Top 10 Cited Article in Energy Economics
Past Five Years]
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129. “Inflation Targeting and the Inflation-Inflation Uncertainty Relationship: Evidence
from Thailand”, Applied Economics Letters, 16(3), February, 2009, 233-238.
128. “Inflation and Inflation Uncertainty in the U.S.: A Longer Term Perspective”,
Empirical Economic Letters, 7(12), December 2008, 1159-1165.
127. “Inflation and Inflation Uncertainty: Evidence from the Caribbean Region”,
Journal of Economic Studies, 35(6), November 2008, 501-511.
126. “Short Term Forecasting of Electricity Price for MISO Hubs: Evidence from
ARIMA-EGARCH Models” with Nicholas Bowden (student), Energy Economics, 30(6),
November 2008, 3186-3197.
125. “Interest Rate Pass Through and Asymmetric Adjustment: Evidence from the
Federal Funds Rate Operating Target Period” with George A. Waters, Applied
Economics, 40(11), June 2008, 1355-1362. [LEAD ARTICLE].
124. “Turkish Budget Deficit Sustainability and the Revenue-Expenditure Nexus” with
Hassan Mohammadi and Murat Cak (visiting scholar), Applied Economics, 40(7), April
2008, 823-830.
123. “R&D Spending and Economic Growth in the United States: A Disaggregated
Approach” with Rajeev Goel and Rati Ram, Journal of Policy Modeling, 30(2), MarchApril 2008, 237-250.
122. “Testing for a Unit Root in the Net Discount Rate: A Survey of the Empirical
Results”, Journal of Business Valuation and Economic Loss Analysis, 2(2), December
2007, Article 4.
121. “Interest Rate Pass Through and Asymmetries in Adjustable Rate Mortgages”,
Applied Financial Economics, 17(17), November 2007, 1369-1376. [LEAD ARTICLE].
120. “Modeling and Forecasting Airport Passengers: A Case Study for an Introductory
Forecasting Course” with J.P. Taylor (student), International Journal of Information and
Operations Management Education, 2(2), November 2007, 167-182.
119. “An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-Run
Elasticity Estimates” with Andrea Mervar, Tourism Economics, 13(3), September 2007,
407-420. (EIZ Working Papers-0701)
118. “New Evidence on Modeling the Phillips Curve and Time-Varying Volatility” with
James Saunoris (student), Economia Internazionale/International Economics, 60(3),
August 2007, 355-364.
117. “REIT Markets and Rational Speculative Bubbles: An Empirical Investigation”
with George A. Waters, Applied Financial Economics, 17(9), June 2007, 747-753.
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116. “Relative Forecasting Performance of REIT Return Volatility” with Bradley T.
Ewing and Mark A. Thompson, Forecasting Letters, 1(3), March 2007.
115. “Have Equity REITs Experienced Periodically Collapsing Bubbles?” with George
A. Waters, Journal of Real Estate Finance and Economics, 34(2), 2007, 207-224.
114. “The Long-Run Relationship between Private and Public Savings: An Empirical
Note” with Abir Mandal (student), Journal of Economics and Finance, 31(1), Spring
2007, 99-103.
113. “Asymmetries in the Lending-Deposit Rate Spread: The Case of the Philippines”
with Chu V. Nguyen, Empirical Economics Letters, 6(1), January 2007, 1-10. [LEAD
ARTICLE].
112. “More on the Monetary Transmission Mechanism: Mortgage Rates and the Federal
Funds Rate”, Journal of Post Keynesian Economics, 29(2), Winter 2006-2007, 249-259.
111. “Time Series Properties of Capitalization Rates: A Comment and Extension” with
Hassan Mohammadi, Journal of Forensic Economics, 19(1), Winter 2006, 85-87.
110. “Privatization, Foreign Bank Entry and Bank Efficiency in Croatia: A FourierFlexible Function Stochastic Cost Frontier Analysis” with Evan Kraft and Richard A.
Hofler, Applied Economics, 38(17), September 2006, 2075-2088.
109. “The Response of the Conventional Mortgage Rate to the Federal Funds Rate:
Symmetric or Asymmetric Adjustment” Applied Financial Economics Letters, 2(5),
September 2006, 279-284. [LEAD ARTICLE]
108. “Capital Mobility and the Feldstein-Horioka Puzzle: Re-Examination of Less
Developed Countries” with Risa Kumazawa, The Manchester School, 74(5), September
2006, 610-616.
107. “Capital Mobility and Savings-Investment Correlations: Panel Data Evidence from
Transition Economies” with Hassan Mohammadi, Applied Economics Letters, 13(10),
August 2006, 611-613. [LEAD ARTICLE]
106. “Government Expenditures and Revenues: Evidence from Asymmetric Modeling”
with Bradley T. Ewing, Mark Thompson, and Omar M. Al-Zoubi, Southern Economic
Journal, 73(1), July 2006, 190-200.
105. “Efficiency in the National Basketball Association: A Stochastic Production
Frontier Approach with Panel Data” with Richard A. Hofler, Managerial and Decision
Economics, 27(4), June 2006, 279-285.
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104. “Further Evidence on the Transmission of Shocks across REIT Markets: An
Examination of REIT Sub-Sectors”, Applied Financial Economics Letters, 2(3), May
2006, 141-146. [LEAD ARTICLE]
103. “The Response of Sub-Sector REIT Returns to Shocks in Fundamental State
Variables”, Applied Financial Economics Letters, 2(2), March 2006, 71-75. [LEAD
ARTICLE]
102. “Are Adjustments in the U.S. Budget Deficit Asymmetric? Another Look at
Sustainability” with Hassan Mohommadi (invited), Atlantic Economic Journal, 34(1),
March 2006, 15-22.
101. “Duration Dependence in Real Estate Investment Trusts” with Thomas A. Zuehlke,
Applied Financial Economics, 16(3), March 2006, 413-423.
100. “Additional Panel Data Evidence on the Savings-Investment Correlation and
Foreign Aid in LDCs” with Risa Kumazawa, Frontiers in Finance and Economics, 2(2),
December 2005, 58-65.
99. “Purchasing Power Parity: Evidence from a Transition Economy” with Junsoo Lee
and Richard A. Hofler, Journal of Policy Modeling, 27(6), September 2005, 665-672.
98. “Measuring Volatility Persistence in the Presence of Sudden Changes in the Variance
of Canadian Stock Market Returns” with Bradley T. Ewing and Farooq Malik, Canadian
Journal of Economics, 38(3), August 2005, 1032-1051.
97. “Savings-Investment Dynamics in Mexico”, Journal of Policy Modeling, 27(5), July
2005, 525-534. [LEAD ARTICLE]
96. “Volatility Forecasting of Global REIT Returns” with Bradley T. Ewing and Mark
A. Thompson, Risk Letters, 1(2), June 2005.
95. “Migration, Economic Opportunity, and the Quality of Life, 1999-2000” with
Richard J. Cebula, RISEC: International Review of Economics and Business, 52(2), June
2005, 245-253.
94. “Aggregate Demand Shocks and Current Account Asymmetry: Some Empirical
Evidence” with Hassan Mohammadi and Naiwei Sun (student), Economia
Internazionale/International Economics, 58(2), May 2005, 223-239.
93. “Capital Mobility, Foreign Aid, and Openness: Further Panel Data Evidence from
Sub-Saharan Africa” with Risa Kumazawa, Journal of Economics and Finance, 29(1),
Spring 2005, 122-126.
92. “Further Evidence on the Relationship between Minimum Wages and Market
Wages” with Sherrilyn Billger, International Journal of Applied Economics and
Econometrics, 13(1), January-March 2005, 141-148.
13
91. “The Long-Run Relationship between Savings and Investment in India: Implications
for Capital Mobility” with Hassan Mohammadi and Amit Prasad (student), International
Journal of Applied Economics and Econometrics, 13(1), January-March 2005, 85-94 .
90. “REIT Markets: Periodically Collapsing Negative Bubbles?” with George A.
Waters, Applied Financial Economics Letters, 1(2), 2005, 65-69. [LEAD ARTICLE].
Erratum in Applied Financial Economics Letters, 2(1), January 2006, 69.
89. “The Response of Real Estate Investment Trust Returns to Macroeconomic Shocks”
with Bradley T. Ewing, Journal of Business Research, 58(3), March 2005, 293-300.
88. “An Empirical Note on the Differential Regional Impact of Fiscal and Monetary
Shocks: A Generalized Impulse Response Analysis”, Journal of Business, Industry and
Economics, 4, 2004, 109-119.
87. “Long-Run Estimates of Money Demand in Romania” with Hassan Mohammadi and
Andreea Andronescu (student), Applied Economics Letters, 11(14), 2004, 861-864.
86. “The Transmission of Shocks across Real Estate Investment Trust (REIT) Markets”
with Hassan Mohammadi, Applied Financial Economics, 14(17), 2004, 1211-1217.
[LEAD ARTICLE]
85. “Correction: Forecasting Medical Net Discount Rates” with Bradley T. Ewing and
Michael J. Piette, Journal of Risk and Insurance, 71(3), 2004, 557.
84. “Random Walks, Cointegration, and the Transmission of Shocks across Global Real
Estate and Stock Markets”, with Anandi P. Sahu, Journal of Economics and Finance,
28(2), Summer 2004, 198-210.
83. “Money Demand and Currency Substitution: New Evidence from the Iranian
Economy” with Marzieh Bolhassani (student) and Hassan Mohammadi, Economia
Internazionale/International Economics, 56(4), November 2003, 423-433.
82. “Post Stabilization Estimates of Money Demand in Croatia: Error Correction Model
Using the Bounds Testing Approach”, Applied Economics, 35(16), November 2003,
1723-1727. Working Paper Economic Trends and Policy, edited by the Ministry of
Finance of the Republic of Croatia and the Institute of Economics, Zagreb, 93, 2003, 3952.
81. “Shocks to Macroeconomic State Variables and the Risk Premium of REITs”,
Applied Economics Letters, 10(11), September 2003, 671-677.
80. “The Paper-Bill Spread and Real Output: What Matters More, A Change in the Paper
Rate or a Change in the Bill Rate?” with Bradley T. Ewing and Gerald J. Lynch, Review
of Financial Economics, 12(3), 2003, 233-246. [LEAD ARTICLE]
14
79. “Kentucky Property Insurance Surtax Revenue: A Comparison of Alternative
Forecasting Approaches” with Ken Schwendeman (student), Journal of Public Budgeting,
Accounting, and Financial Management, 15(3), Fall 2003, 339-353. [LEAD ARTICLE]
78. “NAFTA and North American Stock Markets: An Intervention Analysis” with
Bradley T. Ewing and Farooq Malik, Financial Decisions, (On-line journal
www.financialdecisionsonline.org), 15(1), Spring 2003, 1-5.
77. “A Survey of the International Empirical Evidence on the Tax-Spend Debate”,
Public Finance Review, 31(3), May 2003, 302-324.
76. “Forecasting Medical Net Discount Rates” with Bradley T. Ewing and Michael J.
Piette, Journal of Risk and Insurance, 70(1), 2003, 85-95.
75. “Explaining Change in the Natural Rate of Unemployment: A Regional Approach”
with Kevin J. Murphy, Quarterly Review of Economics and Finance, 43(2), Summer,
2003, 345-368.
74. “The Effects of Macroeconomic Shocks on Sector-Specific Returns” with Bradley T.
Ewing and Shawn M. Forbes, Applied Economics, 35(2), 2003, 201-207.
73. “Price Transmission in the Antebellum Slave Markets: A Time Series Analysis”
with Bradley T. Ewing, Mark Thornton, and Mark Yanochik, Review of Regional
Studies, 32(2), Summer-Fall, 2002, 275-292.
72. “Unit Roots and Asymmetric Adjustment: Implications for Valuing Fringe
Benefits”, with Bradley T. Ewing, Michael J. Piette, and Mark Thompson, Journal of
Forensic Economics, 15(2), 2002, 173-179.
71. “Random Walks and Market Efficiency: Evidence from International Real Estate
Markets” with Anandi P. Sahu and Robert T. Kleiman, Journal of Real Estate Research,
24(3), November-December, 2002, 279-297.
70. “Inflationary Dynamics of a Transition Economy: The Croatian Experience”,
Journal of Policy Modeling, 24(3), June 2002, 219-230. [LEAD ARTICLE] Reprinted in
Croatian Economic Survey, 2000-2002, No. 5, 2003, 155-169, and formerly working
paper in Economic Trends and Policy, 81, 2000, 86-101. Both edited by the Ministry of
Finance of the Republic of Croatia and the Institute of Economics, Zagreb.
69. “A Note on Modeling Tourism Revenues in Croatia” with Andrea Mervar, Tourism
Economics, 8(1), March 2002, 103-109. Reprinted in Croatia on the Way to the
European Union, (Institute of Economics: Zagreb, Croatia), 2004, 122-131.
68. “Total Offset Method: Is It Appropriate? Evidence from ECI Data” with Bradley T.
Ewing and Michael J. Piette, Journal of Legal Economics, 11(2), Fall 2001, 1-17. [LEAD
15
ARTICLE]. Reprinted in Economic Foundations of Injury and Death Damages, edited
by Roger T. Kaufman, James D. Rodgers, and Gerald Martin, (Edward Elgar Publishing:
United Kingdom), 2005, 507-523.
67. “Reply: Confusions about ‘Inflation Risk’” with Michael J. Piette, Journal of Legal
Economics, 10(3), Winter 2001, 59-62.
66. “Transmission of Conditional Stock Price Volatility across North American Markets:
Evidence from Pre- and Post-NAFTA” with Bradley T. Ewing and Clifford Sowell,
International Trade Journal, 15(4), October 2001, 409-427.
65. “Time Series Behavior of Medical Cost Net Discount Rates: Implications for Total
Offsetting and Forecasting” with Bradley T. Ewing and Michael J. Piette, Journal of
Forensic Economics, 15(1), Winter 2001, 53-61. [LEAD ARTICLE]
64. “Comment: A Critique of the Joint Probability of Life, Participation, and
Employment Approach” with Michael J. Piette, Journal of Legal Economics, 10(2), Fall
2000, 81-83.
63. “Post Stabilization Estimates of Money Demand in Croatia: The Role of the
Exchange Rate and Currency Substitution”, Ekonomski Pregled, 51(11-12), 2000, 13521368.
62. “Are Net Discount Ratios Stationary? Evidence of Mean Reversion and Persistence”
with Patrick Hays, Max Schreiber, Bradley T. Ewing, and Michael J. Piette, Journal of
Risk and Insurance, 67(3), 2000, 439-449.
61. “A New Line on the Phillips Curve: Additional Evidence on the U.S.” with Tracy L.
Martin (student) and Samuel N. Potter (student), Social Science Quarterly, 81(2), June
2000, 677-680.
60. “NAFTA and North American Stock Market Linkages: An Empirical Note” with
Bradley T. Ewing and Clifford Sowell, North American Journal of Economics and
Finance, 10(2), 1999, 443-451. (Top 10 Requested Paper for Year 2000)
59. “Long-Run Money Demand in Chile” with Bradley T. Ewing, Journal of Economic
Development, 24(2), December 1999, 177-190.
58. “Time Series Dynamics of U.S. State Unemployment Rates” with Bradley T. Ewing
and Erik P. George (student), Applied Economics, 31(11), November 1999, 1503-1511.
57. “The Trade-off between Supervision and Wages: Evidence of Efficiency Wages
from the NLSY” with Bradley T. Ewing, Southern Economic Journal, 66(2), October
1999, 424-432.
16
56. “An Inquiry into the Time Series Properties of Net Discount Rates” with Bradley T.
Ewing and Michael J. Piette, Journal of Forensic Economics, 12(3), Fall 1999, 215-224.
55. “Mean Reversion in Net Discount Rates” with Bradley T. Ewing and Michael J.
Piette, Journal of Legal Economics, 9(1), Spring/Summer 1999, 69-80.
54. “Some Recent International Evidence on the Demand for Money” with Bradley T.
Ewing, Studies in Economics and Finance, 19(2) Spring 1999, 84-107.
53. “Government Revenue-Expenditure Nexus: Evidence from Latin America” with
Bradley T. Ewing, Journal of Economic Development, 23(2), December 1998, 57-69.
52. “Comovements of the Prime Rate, CD Rate, and Financial Services Stocks” with
Bradley T. Ewing and Shawn M. Forbes, Journal of Financial Research, 21(4), Winter
1998, 469-482.
51. “The Long-Run Relation between the Personal Savings Rate and Consumer
Sentiment” with Bradley T. Ewing, Financial Counseling and Planning, 9(1), 1998, 8996. Best Article Award for 1997-1998 by the Association of Financial Counseling and
Planning.
50. “Long-Run Diversification Potential of the Emerging Stock Markets of Latin
America” with Bradley T. Ewing and Gilbert Bickum, Journal of Accounting and
Finance Research, 5(3), Fall 1998, 1-7. [LEAD ARTICLE]
49. “Stationarity of the Net Discount Rate: Additional Evidence” with Bradley T. Ewing
and Michael J. Piette, Litigation Economics Digest, 3(1), Spring 1998, 27-32.
48. “The Tax-Spend Debate: Time Series Evidence from State Budgets”, Public Choice,
95(3-4), June 1998, 307-320. Abstracted in the Journal of Economic Literature, 36(4),
December 1998, 2493.
47. “Money Market Rate Variability and the Velocity of Money: Some International
Evidence” with Bradley T. Ewing, Journal of Applied Business Research, 14(2), Spring
1998, 75-82.
46. “A Re-examination of Budgetary Disequilibria” with Kevin L. Ross, Public Finance
Review, 26(1), January 1998, 67-79.
45. “International Evidence on the Sustainability of Budget Deficits”, Applied
Economics Letters, 4(12), December 1997, 775-779.
44. “Evidence from Lesser Developed Countries on the Fisher Hypothesis: A
Cointegration Analysis” with Bradley T. Ewing, Applied Economics Letters, 4(11),
November 1997, 683-687.
17
43. “Population and Economic Growth: A Cointegration Analysis of Lesser Developed
Countries” with Bradley T. Ewing, Applied Economics Letters, 4(11), November 1997,
665-669.
42. “Measuring Efficiency in the National Basketball Association” with Richard A.
Hofler, Economics Letters, 55(2), August 1997, 293-299.
41. “The Tax-Spend Debate: The Case of Canada”, Applied Economics Letters, 4(6),
June 1997, 381-386.
40. “International Evidence on Wagner’s Hypothesis: A Cointegration Analysis” with
Bradley T. Ewing, Public Finance, 51(2), 1996, 258-274.
39. “The Empirical Relationship between State Unemployment Rates and Real Wages”,
Southern Business Review, 22(2), Fall 1996, 45-55.
38. “How Close to Their Offensive Potential Do National Football League Teams Play?”
with Richard A. Hofler, Applied Economics Letters, 3(11), November 1996, 743-747.
37. “M1 Velocity and Interest Rate Variability: A Reply”, American Economist, 40(2),
Fall 1996, 97.
36. “All Politics is Local: The Effect of Fiscal and Monetary Constitutions on
Economic Policy” with William J. Boyes, Stewart Mounts, and Clifford Sowell, Journal
of Macroeconomics, 18(4), Fall 1996, 657-678.
35. “Kentucky Budgetary Adjustments: Tax and Spend or Spend and Tax?, Kentucky
Journal of Economics and Business, 15, 1996, 23-35.
34. “Regional Efficiency Differences and Development Policy in Agriculture in the
Yugoslav Republics: Estimates from Panel Data” with Richard A. Hofler, Review of
Regional Studies, 25(3), Winter 1995, 287-300.
33. “Did the Tax Reform Act of 1986 Adversely Affect Yearling Prices? An Empirical
Note” with Benjamin A. Foster and Robert R. Sharp, Kentucky Journal of Economics and
Business, 14, 1995, 75-80.
32. “Expectations-Augmented Phillips Curve: Further Evidence from State Economies”,
Applied Economics Letters, 2(8), August 1995, 248-254.
31. “Velocity and the Variability of Yields on Financial and Other Assets”, American
Economist, 39(1), Spring 1995, 89-94.
30. “A Note on Real Wage Rigidity and State Unemployment Rates”, Journal of
Regional Science, 35(2), 1995, 317-330.
18
29. “Defense, Nondefense Expenditures, and Inflation: An Empirical Analysis” with
Anandi P. Sahu and Robert T. Kleiman, Quarterly Journal of Business and Economics,
34(1), Winter 1995, 14-24.
28. “The Federal Budget Deficit: An Instrument in Search of Targets?” with Clifford
Sowell, Southern Business and Economic Journal, 18(1), October 1994, 2-24. [LEAD
ARTICLE]
27. “Forecasting Yearling Prices: A Comparison of Alternative Time Series Models”
with Robert R. Sharp and Susan A. Simmons, Journal of Applied Business Research,
10(3), 1994, 17-20.
26. “Time Series Forecasting of the Kentucky Unemployment Rate: Additional
Evidence” with James K. Easterling (student), Kentucky Journal of Economics and
Business, 12, 1993, 55-62.
25. “Trends and Cycles in State Unemployment Rates Revisited”, Southern Business
Review, 19(2), Fall 1993, 23-30.
24. “The Effect of Money Growth and Interest Rate Variability upon Inflation”, Journal
of Economics and Finance, 17(2), Summer 1993, 11-20.
23. “U.S. Military Expenditures and the Dollar: Another Look” with Edward A.
Olszewski and Kevin L. Ross, Defence Economics, 4(3), July 1993, 249-258.
22. “A Re-examination of the Velocity-Money Growth Variability Debate”, Journal of
Economics and Finance, 17(1), Spring 1993, 127-133.
21. “Variability in Money Growth and Interest Rates: A Research Note”, Atlantic
Economic Journal, 21(1), March 1993, 104.
20. “Efficiency in Social versus Private Agriculture Production: The Case of
Yugoslavia” with Richard A. Hofler, Review of Economics and Statistics, 75(1),
February 1993, 153-157. Abstracted in the Journal of Economic Literature, 31(3),
September 1993, 1781-1782.
19. “The Macroeconomic Effects of Defense Spending: Some Further Evidence” with
Kevin L. Ross, Journal of Economics, 18, 1992, 63-67.
18. “Stochastic Structure of Alternative Measures of Velocity”, Journal of Economics
and Finance, 16(3), Fall 1992, 101-111.
17. “Velocity and Money Growth Variability: Some Further Evidence”, International
Review of Economics and Finance, 1(2), 1992, 189-194.
19
16. “Money Growth and Interest Rate Volatility and the Demand for Money”, Journal of
Economics and Finance, 16(1), Spring 1992, 103-114.
15. “Defense Spending and the Macroeconomy” with Kevin L. Ross, Defence
Economics, 3(2), April 1992, 161-168.
14. “Further Evidence on Real Money Balances in the Production Function”, Economic
Analysis and Worker’s Management, 25(4), 1991, 385-394.
13. “Structural Stability of the Rational-Expectations Permanent Income Hypothesis:
Evidence from Yugoslavia” with Jeffrey A. Mills, Economic Analysis and Worker’s
Management, 25(3), 1991, 277-288.
12. “Yugoslav Price Inflation: An Empirical Investigation”, Journal of Developing
Areas, 25, April 1991, 395-404.
11. “A Note on the Impact of Money Growth Volatility upon Velocity” with Anandi P.
Sahu, Journal of Business and Economic Perspectives, 16(2), Fall 1990, 76-78.
10. “A Note on the Structural Stability of Savings in Yugoslavia”, Economic Analysis
and Worker’s Management, 24(2), 1990, 171-177.
9. “Granger Causality between Inflation and Defense Spending: An Empirical Note”,
Kentucky Journal of Economics and Business, 10, 1990, 38-41.
8. “Monetary Consideration in Yugoslav Industrial Production”, Journal of Economic
Development, 15(1), June 1990, 179-190.
7. “A Model of Money Demand in Yugoslavia: 1952-1985”, Economic Analysis and
Worker’s Management, 24(1), 1990, 83-93.
6. “Military Burden, Savings, and Growth: A Note on the U.S.”, Journal of Business and
Economic Perspectives, 16(1), Spring 1990, 47-49.
5. “A Small-Scale Macroeconometric Model of Yugoslavia: 1952-1985”, Economic
Analysis and Worker’s Management, 23(4), 1989, 335-354.
4. “An Econometric Model of the U.S.: 1952-1985”, Kentucky Journal of Economics
and Business, 9, 1989, 139-149.
3. “Tests of the Rational-Expectations Permanent Income Hypothesis for Developing
Economies” with Thomas W. Zuehlke, Journal of Macroeconomics, 11(3), Summer
1989, 423-433.
2. “Tests of Real Money Balances as an Input in Yugoslav Industrial Production” with
Thomas W. Zuehlke, Journal of Economics and Finance, 13(2), Summer 1989, 179-183.
20
1. “Anticipated and Unanticipated Income within the Consumption Function: A
Rational Expectations Approach”, Studies in Economic Analysis, 11(2), Fall 1987, 2429.
Contributions to Edited Volumes and Proceedings:
22. “Renewable Energy Consumption, Growth, and Economic Development: An
Exploratory Panel Analysis” with Nicholas Apergis, (invited), Advances in Energy
Research, edited by Morena J. Acosta, (Nova Science Publishers, Inc.: New York),
Volume 9, 2012, 359-372.
21. “Convergence Patterns in Equity Markets: International Evidence from the Club
Convergence and Clustering Procedure” with Nicholas Apergis and Christina Christou,
Advances in Investment Analysis and Portfolio Management, edited by C. Lee and A.
Lee, (Ariti Press: Taiwan), Volume 5, 2012, 117-151.
20. “Religious Diversity and Corruption: Cross-Country Evidence” with Oguzhan
Dincer, International Political Economy, edited by Miguel-Angel Galindo Martin and
Edward Nissan, (Nova Science Publishers: New York), Chapter 14, 2010, 203-216.
19. “Employment Forecasting for a Small MSA: A Comparison of Seasonal ARIMA and
ARIMA-GARCH Type Models” with Utkir Kamilov (student), 2008 Academy of
Economics and Finance Papers and Proceedings, 32, 166-171.
18. “’We Got Game and Some!’ Efficiency in the WNBA: A Stochastic Production
Frontier Approach with Panel Data” with Richard Hofler, 2008 Academy of Economics
and Finance Papers and Proceedings, 32, 123-130.
17. “Monetarism” in International Encyclopedia of the Social Sciences, edited by
William A. Darity, Jr., Volume 5, 2nd edition (Detroit, MI: Macmillan Reference USA),
2008, 242-243.
16. “Forecasting Tourism Demand in Croatia: A Disaggregated Analysis of Monthly
Overnight Stays” with Andrea Mervar, Proceedings of the Seventh International
Conference on 'Enterprise in Transition', Faculty of Economics, University of Split,
Extended Abstract, 2007, 200-202, Full Manuscript on CD-ROM.
15. “Wagner’s Hypothesis: New Evidence from the U.S. Using Bounds Testing
Approach” with Bradley T. Ewing and Hassan Mohammadi, The Elgar Companion to
Public Economics: Empirical Public Economics edited by Attiat F. Ott and Richard J.
Cebula (Edgar Elgar Publishing Co.: United Kingdom), 2006, 30-40.
14. “Research and Practice Issues in Personal Injury and Wrongful Death Damage
Analysis” with Frank Slesnick and Robert J. Thornton in Developments in Litigation
Economics, Contemporary Studies in Economic and Financial Analysis Volume 87,
21
edited by Patrick A. Gaughan and Robert J. Thornton, (Elsevier: United Kingdom),
2005, 159-203.
13. “Monetary Volatility and the Paper-Bill Spread” with Bradley T. Ewing and Gerald J.
Lynch, Progress in Economics Research, (Nova Science Publishers: New York), 8, 2004,
53-65.
12. “Revenue-Expenditure Nexus in a Transition Economy: Evidence from Croatia”
with Bradley T. Ewing and Richard J. Cebula, Croatian Economic Survey, 6, 2003, 6776.
11. “Permanent Income Hypothesis”, An Encyclopedia of Keynesian Economics, edited
by Thomas Cate, Geoff Harcourt, and David C. Colander, (Edward Elgar Publishing,
Ltd.: United Kingdom), 1997, 494-495.
10. “The Economic Impact of Military Activities in Kentucky” with J.F. O’Connor,
Papers and Proceedings of the MidSouth Academy of Economics and Finance, 16, 1994,
613-621.
9. “Defense versus Nondefense Spending: A Macroeconomic Comparison” with Kevin
L. Ross and Edward A. Olszewski, Defense Spending and Economic Growth, edited by
James E. Payne and Anandi P. Sahu, (Westview Press: Boulder, CO), 1993, Chapter 7,
135-150.
8. “Defense Spending and Economic Growth: Evaluation of the Overall Impact” with
Anandi P. Sahu, Defense Spending and Economic Growth, edited by James E. Payne and
Anandi P. Sahu, (Westview Press: Boulder, CO), 1993, Chapter 1, 3-15.
7. Defense Spending and Economic Growth co-edited with Anandi P. Sahu (Westview
Press: Boulder, CO), 1993.
6. “Commentary: ‘Local Area Economic Activity: Random or Chaotic?’”, Papers and
Proceedings of the MidSouth Academy of Economics and Finance, 16, 1992, 894.
5. “Commentary: ‘Effects of Foreign Aid and Domestic Credit on National Output and
the Price Level in LDCs: A Reexamination’”, Papers and Proceedings of the MidSouth
Academy of Economics and Finance, 16, 1992, 893.
4. “Commentary: ‘Resurrect a revised M1: TCD Plus Domestic Currency’”, Papers
and of the MidSouth Academy of Economics and Finance, 16, 1992, 894.
3. “Keynesian versus Monetarist Models of M1 Velocity: Some Preliminary Findings”,
Papers and Proceedings of the MidSouth Academy of Economics and Finance, 16, 1992,
675-681.
22
2. “Stock Price Impact of Dual Listing on the Tokyo Stock Exchange” with Anandi P.
Sahu and Robert T. Kleiman, American Statistical Association Proceedings, Business and
Economics Section, 1990, 224-227.
1. “Alternative Consumption Hypotheses and Tests for Structural Change: A Case Study
of Yugoslav Economic Reform of 1965”, Problems of Economic Development and the
Economic System of Yugoslavia, edited by Dragomir Vojnic’, et. al. (Informator:
Zagreb, Yugoslavia), 1987, 235-244.
Grants, Fellowships, and Contracts:
18. “Economic Impact Study of Illinois State University” with Frank D. Beck. Contract
project with the Office of the President, Illinois State University, 2010.
17. “Wind Turbine Supply Chain Study” with Dave Loomis and Lon Carlson. Grant
sponsored by the Illinois Department of Commerce and Economic Opportunity, 2009,
$125,000.
16. “Day-Ahead Premiums for the Midwest ISO” with Nicholas Bowden and Su Hu
(student). Grant sponsored by the Institute for Regulatory Policy Studies, Illinois State
University, 2008.
15. Fulbright Senior Specialist Award to the Institute of Economics, Zagreb, Croatia.
Grant sponsored by the J. William Fulbright Foreign Scholarship Board and the Council
for International Exchange of Scholars, 2007.
14. “McLean County, Illinois Economic Activity Index” with Hassan Mohammadi.
Contract project with the Economic Development Council of Bloomington-Normal,
2006.
13. “Further Evidence on Modeling Wind Speed and Time-Varying Turbulence”. Grant
sponsored by the Institute for Regulatory Policy Studies, Illinois State University, 2006.
12. “Economic Impact Analysis Lincoln College, Normal, IL” with Lon Carlson.
Sponsored by the Stevenson Center for Community and Economic Development, Illinois
State University, 2006.
11. “Economic Impact Analysis OSF Saint Francis Medical Center, Peoria, IL” with Lon
Carlson. Sponsored by the Stevenson Center for Community and Economic
Development, Illinois State University, 2005.
10. “Economic Impact Analysis Magill House Project, Clinton, IL” with Frank Beck and
Lon Carlson. Sponsored by the Stevenson Center for Community and Economic
Development, Illinois State University, 2004.
23
9. “Kentucky Property Insurance Surtax Revenue: A Comparison of Alternative
Forecasting Approaches”. Sponsored by the Department of Criminal Justice Training of
the Kentucky Justice Cabinet, 2001.
8. Fulbright Scholar Research Award to the Institute of Economics, Zagreb, Croatia.
Grant sponsored by the J. William Fulbright Foreign Scholarship Board and the Council
for International Exchange of Scholars, 2000.
7. “NAFTA and Stock Market Linkages: Canada, Mexico, and the United States” with
Bradley T. Ewing and Clifford Sowell. Grant sponsored by the Canadian Studies
Research Grant Program administered by the Government of Canada, 1999.
6. “Money Growth Variability and the Commercial Paper-Bill Spread”. Grant
sponsored by the American Institute of Economic Research, Great Barrington, MA, 1997.
5. “Stochastic and Deterministic Trends in State Unemployment Rates”. Grant
sponsored by Eastern Kentucky University Research Committee, 1997.
4. “Long Run Comovements of Latin America and U.S. Stock Markets” with Bradley T.
Ewing. Grant sponsored by the Americas Council of the University System of Georgia
Faculty Research Grants on Latin America, Canada, and the Caribbean, 1996.
3. “The Tax-Spend Debate: The Case of Canada”. Grant sponsored by the Canadian
Studies Research Grant Program administered by the Government of Canada, 1995.
3. “The Economic Impact of Military Activities in Kentucky” with J.F. O’Connor.
Sponsored by the Kentucky Cabinet for Economic Development and the Kentucky
Military Affairs Commission, 1993.
2. Oakland University School of Business Administration, Full Summer Research
Fellowship, 1991.
1. Oakland University School of Business Administration, Partial Summer Research
Fellowship, 1990.
Teaching Ancillary Materials:
8. Test Bank accompanying Economics for Managers, 2nd edition by Paul Farnham
(Prentice-Hall, Upper Saddle River, NJ) with Lon Carlson, 2009.
7. Test Bank accompanying Economics for Managers, 1st edition by Paul Farnham
(Prentice-Hall, Upper Saddle River, NJ) with Lon Carlson, 2005.
6. Online Study Guide accompanying Economics for Managers, 1st edition by Paul
Farnham (Prentice-Hall: Upper Saddle River, NJ) with Lon Carlson, 2005.
24
5. Web-Based Study Guide accompanying Basic Business Statistics, 9th edition by Mark
L. Berenson, David M. Levine, and Timothy C. Krehbiel (Prentice-Hall: Upper Saddle
River, NJ), 2003.
4. Tracway Case Solutions accompanying Statistics, Data Analysis, and Decision
Modeling, 2nd edition by James R. Evans and David L. Olson (Prentice-Hall: Upper
Saddle River, NJ) with Mary Ann Robinson, 2003.
3. Test Bank accompanying Statistics, Data Analysis, and Decision Modeling, 2nd edition
by James R. Evans and David L. Olson (Prentice-Hall: Upper Saddle River, NJ) with
Mary Ann Robinson, 2002.
2. Test Bank accompanying Essentials in Business Statistics, 1st edition by James R.
Evans (Prentice-Hall: Upper Saddle River, NJ) with Mary Ann Robinson, 2002.
1. Instructor’s Resource Manual/Test Bank accompanying Macroeconomics by James K.
Galbraith and William Darity (Houghton Mifflin Company: Boston, MA) with Eugene
D. Brown, 1994.
Book Reviews:
8. Tenure, Discrimination, and the Courts by Terry L. Leap, (Ithica, NY: ILR Press),
1996, Southern Business and Economic Journal, 21(3), April 1998, 242-244.
7. Regional Economic Modeling: A Systematic Approach to Economic Forecasting and
Policy Analysis by George I. Treyz, (Boston, MA: Kluwer Academic Publishers), 1993,
Southern Business and Economic Journal, 19(3), April 1996, 236.
6. Rural America and the Changing Structure of Manufacturing: Spatial Implications of
New Technology and Organization, Conference Proceedings, (Washington, DC: U.S.
Department of Agriculture), 1993, Journal of Regional Science, 34(4), November 1994,
635-636.
5. The Costs of Worker Dislocation by Louis Jacobson, Robert LaLonde, and Daniel
Sullivan, (Kalamazoo, MI: W.E. UpJohn Institute for Employment Research), 1993,
Journal of Regional Science, 34(4), November 1994, 632-633.
4. Business Cycles: Theory, History, Indicators, and Forecasting by Victor Zarnowitz,
(Chicago, IL: University of Chicago Press), 1992, Southern Business and Economic
Journal, 18(1), October 1994, 80-81.
3. The Appalachian Regional Commission: Twenty-Five Years of Government Policy
by Michael Bradshaw, (Lexington, KY: The University of Kentucky Press), 1992,
Southern Business and Economic Journal, 16(4), July 1993, 301-302.
25
2. The Economics of Banking, Liquidity, and Money by Peter M. Garber and Steven R.
Weisbrod, (Lexington, MA: D.C. Heath and Company), 1992, Southern Business and
Economic Journal, 16(2), January 1993, 165-166.
1. Political Economy and International Money: Selected Essays of John Williamson
edited by Chris Milner, (New York, NY: New York University Press), 1987, Business
Economics, July 1990, 68.
Research Reports and Practitioner Articles:
12. “Economic Impact Analysis of Illinois State University” with Frank D. Beck,
Stevenson Center for Community and Economic Development, Illinois State University,
December 2010.
11. “Illinois Wind Turbine Supply Chain Report” with Lon Carlson and David Loomis,
Center for Renewable Energy, Illinois State University, June 2010.
10. “The Kentucky Artisan Heritage Trails Pilot Project: A Snapshot of the SocioEconomic Landscape”, The Center Initiative, Center for Economic Development,
Entrepreneurship, and Technology, Eastern Kentucky University, Winter 2003, 2.
9. “Trends in Travel Expenditures for EKU’s Service Region”, The Center Initiative,
Center for Economic Development, Entrepreneurship, and Technology, Eastern
Kentucky University, Winter 2002, 3-4.
8. “Economic Baseline Kentucky Artisan Heritage Trails Project: Phase I and II”, Center
for Economic Development, Entrepreneurship, and Technology, Eastern Kentucky
University, October 2002.
7. “Jackson County Entrepreneurship Center: Performance Assessment”, Center for
Economic Development, Entrepreneurship, and Technology, Eastern Kentucky
University, December 2001.
6. “Kentucky Artisan Heritage Trails Pilot Project: Economic Baseline”, Center for
Economic Development, Entrepreneurship, and Technology, Eastern Kentucky
University, March 2001.
5. “Calculation of the Economic Base of Kentucky Counties”, Center for Economic
Development, Entrepreneurship, and Technology, Eastern Kentucky University, March
2001.
4. “Economic Studies Help Communities”, The Center Initiative, Center for Economic
Development, Entrepreneurship, and Technology, Eastern Kentucky University, Spring
2001, 3-4.
3. “Determining The Amount By Which Yearling Prices Will Change” with Robert R.
Sharp and Susan A. Simmons, Thoroughbred Times, September 3, 1994, 32.
26
2. “The Economic Role of Military Activities in Kentucky” with J.F. O’Connor, In
Context, Center for Economic Development, Eastern Kentucky University, 3(1), Spring
1994, 1, 5.
1. “The Federal Budget Deficit: What’s the Big Deal?”, Business Smarts, Fall 1991,
School of Business Administration, Oakland University.
Professional Conference Presentations:
62. “An Overlooked Central Bank Rescue: How the Bank of France Ended the
American Panic of 1907” with Mary T. Rodgers at the NBER Summer Institute Workshop
Development of the American Economy, Harvard University, Cambridge, MA, July 2526, 2012.
61. “Are Renewable Portfolio Standards Contagious?” with Oguzhan Dincer and Kristi
Radusewicz (student) at the meeting of the Academy of Economics and Finance,
Charleston, SC, February 8-11, 2012. Also served as a session chair and discussant.
60. “A Global Perspective on the Renewable Energy Consumption-Growth Nexus:
Evidence from a Panel Error Correction Model” with Nicholas Apergis at the meeting of
the Academy of Economics and Finance, Jacksonville, FL, February 9-12, 2011. Also
served as a discussant.
59. “Political and Institutional Factors in the Convergence of International Equity
Markets: Evidence from the Club Convergence and Clustering Procedure” with Nicholas
Apergis and Christina Christou invited presentation at the meeting of the International
Atlantic Economics Conference, Charleston, SC, October 10-13, 2010.
58. “Credit Rationing and the Phillips Curve” with George A. Waters at the meeting of
the Midwest Economics Association, Cleveland, OH, March 20-22, 2009. Also served as
a session chair and discussant.
57. “The Relationship between Corruption and Income Inequality in U.S. States:
Evidence from a Panel Cointegration and Error Correction Model” with Nicholas Apergis
and Oguzhan Dincer at the meeting of the Academy of Economics and Finance,
Pensacola, FL, February 12-14, 2009. Also served as a discussant on two papers.
56. “Energy Consumption and Economic Growth: Evidence from the Commonwealth of
Independent States” with Nicholas Apergis at the meeting of the Academy of Economics
and Finance, Pensacola, FL, February 12-14, 2009. Also served as a discussant on two
papers.
55. “Employment Forecasting for a Small MSA: A Comparison of Seasonal ARIMA
and ARIMA-GARCH Type Models” with Utkir Kamilov (student) at the meeting of the
Academy of Economics and Finance, Nashville, TN, February 14-16, 2008. Also served
as session chair and discussant.
27
54. “Short-Term Forecasting of Electricity Prices for MISO Hubs” with Nicholas
Bowden (student) at the meeting of the Academy of Economics and Finance, Nashville,
TN, February 14-16, 2008. Also served as session chair and discussant.
53. “We Got Game and Some! Efficiency in the WNBA: A Stochastic Production
Frontier Approach with Panel Data” with Richard Hofler at the meet of the Academy of
Economics and Finance, Nashville, TN, February 14-16, 2008. Also served as a
discussant.
52. “Forecasting Tourism Demand in Croatia: A Disaggregated Analysis of Monthly
Overnight Stays” with Andrea Mervar at the meeting of the Seventh International
Conference on 'Enterprise in Transition' in Split, Croatia, May 24-27, 2007.
51. “Hotel Tax Receipts and the ‘Midnight in the Garden of Good and Evil’: A Time
Series Intervention Seasonal ARIMA Model with Time-Varying Variance” with Michael
Toma and Richard McGrath at the meeting of the Academy of Economics and Finance,
Jacksonville, FL, February 14-17, 2007.
50. “An Analysis of Foreign Tourism Demand for Croatian Destinations: Long-run
Elasticity Estimates” with Andrea Mervar at the meeting of the Academy of Economics
and Finance, Jacksonville, FL, February 14-17, 2007 and the Institute of Economics,
Zagreb, Croatia, May 23, 2007. Also served as session chair and discussant.
49. “Efficiency in the National Basketball Association: A Stochastic Production Frontier
Approach with Panel Data” with Richard A. Hofler invited presentation at Illinois
Wesleyan University, October 4, 2006.
48. “The Prime Rate and Federal Funds Rate: Interest Rate Pass Through and
Asymmetric Adjustment” with George A. Waters at the meeting of the Academy of
Economics and Finance, Houston, TX, February 9-11, 2006. (Best Paper Prize).
Revised version of the paper invited presentation at the University of Southern
Mississippi, September 29, 2006 and Oakland University, October 27, 2006.
47. “Promotions of Navy Enlisted Personnel Using Duration Models” with Risa
Kumazawa at the meeting of the American Economic Association, Boston, MA, January
5-8, 2006.
46. “R&D Spending and U.S. Economic Growth: A Disaggregated Analysis” with
Rajeev Goel and Rati Ram at the meeting of Technology Transfer Society Conference,
Kauffman Foundation, Kansas City, MO, September 28-30, 2005.
45. “Turkish Budget Deficit Sustainability and the Tax-Spend Debate” with Hassan
Mohammadi and Murat Cak invited panel presentation at Istanbul University, Istanbul,
Turkey, May 18, 2005.
28
44. “Capital Mobility and the Feldstein-Horioka Puzzle: Re-Examination of LDCs”
with Risa Kumazawa at the meeting of the Academy of Economics and Finance, Myrtle
Beach, SC, February 9-12, 2005.
43. “Have the REIT Markets Experienced Periodically Collapsing Bubbles?” with
George A. Waters at the meeting of the Academy of Economics and Finance, Myrtle
Beach, SC, February 9-12, 2005 and at the meeting of the Southern Economic
Association, Washington, DC, November 18-20, 2005. Also served as session chair and
discussant.
42. “Wagner’s Law: The Literature and Additional Time Series Evidence on the U.S.”
at the meeting of the International Atlantic Economic Association, Chicago, IL, October
7-10, 2004. Also served as a discussant.
41. “Asymmetric Responses of the Current Account to Monetary and Fiscal Policy
Shocks: Some Empirical Evidence” with Hassan Mohammadi at the meeting of the
Midwest Economics Association, Chicago, IL, March 19-21, 2004.
40. “Government Expenditures and Revenues: Evidence from Symmetric and
Asymmetric Modeling” with Bradley T. Ewing and Omar M. Al-Zoubi at the meeting of
the Academy of Economics and Finance, Biloxi, MS, February 11-14, 2004. (Best Paper
Prize). Also served as a discussant and editor panel session.
39. “Money Demand and Currency Substitution: New Evidence from the Iranian
Economy” with Marzieh Bolhassani and Hassan Mohammadi at the meeting of the
Academy of Economics and Finance, Biloxi, MS, February 11-14, 2004. Also served as
a discussant.
38. “Random Walks and the Transmission of Conditional Volatility Across Global Real
Estate and Stock Markets” with Robert T. Kleiman and Anandi P. Sahu at the meeting of
the Midwest Economics Association, St. Louis, MO, March 28-30, 2003.
37. “Random Walks, Efficiency, and Diversification Benefits: Evidence from
International Real Estate Markets” with Robert T. Kleiman and Anandi P. Sahu at the
meeting of the Midwest Economics Association, Chicago, IL, March 14-16, 2002.
36. “NAFTA and North American Stock Markets” with Bradley T. Ewing and Farooq
Malik at the meeting of the Academy of Economics and Finance, Pensacola, FL, February
13-17, 2002. Also served as a discussant.
35. “Forecasting Medical Net Discount Rates” with Bradley T. Ewing and Michael J.
Piette at the meeting of the American Economic Association, Atlanta, GA, January 3-6,
2002.
29
34. “The Integration of the Antebellum Slave Markets: A Time Series Analysis” with
Bradley T. Ewing, Mark Thornton, and Mark A. Yanochik at the meeting of the Southern
Economic Association, Tampa, FL, November 17-19, 2001.
33. “The Time Series Behavior of Medical Care Costs Net Discount Rate: Implications
for Total Offset and Forecasting” with Bradley T. Ewing and Michael J. Piette at the
meeting of the Southern Economic Association, Tampa, FL, November 17-19, 2001.
32. “Tests of Weak-Form Efficiency, and Comovements in Global Real Estate Securities
Markets” with Anandi P. Sahu and Robert T. Kleiman at the International Business and
Economics Research Conference, Reno, NV, October 8-12, 2001.
31. “Total Offset Method: Is It Appropriate? Tests of the Underlying Assumptions”
with Bradley T. Ewing and Michael J. Piette at the meeting of the American Economic
Association, New Orleans, LA, January 4-7, 2001.
30. “An Inquiry into the Time Series Properties of Net Discount Rates: Trend versus
Difference Stationary Processes” with Bradley T. Ewing and Michael J. Piette at the
meeting of the American Economic Association, New York, NY, January 2-5, 1999.
29. “Explaining Change in the Natural Rate of Unemployment: A Regional Approach”
with Kevin J. Murphy at the meeting of the Kentucky Economics Association, Lexington,
KY, October 9, 1998 and at the meeting of the Midwest Economics Association, Chicago,
IL, March 18-22, 1998.
28. “Comovements of the Prime Rate, CD Rate, and Financial Service Stocks” with
Bradley T. Ewing and Shawn M. Forbes at the meeting of the Eastern Finance
Association, Williamsburg, VA, April 22-25, 1998.
27. “The Long-Run Relation between the Personal Savings Rate and Consumers
Sentiment” with Bradley T. Ewing at the meeting of the Midwest Economics Association,
Chicago, IL, March 18-22, 1998.
26. “Long-Run Diversification Potential of the Emerging Stock Markets of Latin
America” with Bradley T. Ewing and Gilbert Bickum at the meeting of the American
Academy of Accounting and Finance, New Orleans, LA, December 5-7, 1997.
25. “NAFTA and Stock Market Linkages: U.S., Canada, and Mexico” with Bradley T.
Ewing and Clifford Sowell at the meeting of the Southern Economics Association,
Atlanta, GA, November 2-23, 1997.
24. “The Trade-off between Supervision and Wages: Evidence of Efficiency Wages
from the NLSY” with Bradley T. Ewing at the meeting of the Kentucky Economics
Association, Lexington, KY, October 3, 1997. Also served as session chair.
30
23. “Evidence on the Benefits of Diversification in the Emerging Stock Markets of Latin
America” with Bradley T. Ewing at the meeting of the Missouri Valley Economic
Association, St. Louis, MO, February 27-March 1, 1997. Also served as a discussant for
two papers.
22. “Government Revenue-Expenditure Nexus: Evidence from LDCs” with Bradley T.
Ewing at the meeting of the Kentucky Economics Association, Lexington, KY, October
11, 1996. Also served as a discussant.
21. “Budgetary Disequilibria: Additional Econometric Evidence” with Kevin L. Ross at
the meeting of the Midwest Economics Association, Chicago, IL, March 22-24, 1996.
20. “Measuring Efficiency in the National Football League: A Stochastic Frontier
Approach” with Richard A. Hofler at the meeting of the Southern Economics
Association, New Orleans, LA, November 18-20, 1995.
19. “Kentucky Budgetary Adjustments: Tax and Spend or Spend and Tax?” at the
meeting of the Kentucky Economics Association, Lexington, KY, October 13, 1995.
18. “How Close to Their Offensive Potential Do National Football League Teams Play?”
with Richard A. Hofler at the meeting of the Midwest Economics Association, Cincinnati,
OH, March 30-April 1, 1995. Also served as a discussant.
17. “Further Evidence on the Military Expenditure and Inflation Debate” at the meeting
of the Missouri Valley Economics Association, Kansas City, MO, February 23-25, 1995.
Also served as session chair and discussant.
16. “Measuring Efficiency in the National Basketball Association” with Richard A.
Hofler at the meeting of the Kentucky Economics Association, Frankfort, KY, October 7,
1994.
15. “Defense Spending and Economic Performance: Problems and Issues” invited
presentation at the National Air Intelligence Center, Wright Patterson Air Force Base,
OH, August 2, 1994.
14. “Exploitable Information in Monetary and Fiscal Policies: Budget and Fed Reaction
Functions” with Clifford Sowell and Stewart Mounts at the meeting of the Midwest
Economics Association, Chicago, IL, March 24-26, 1994. Also served as a discussant.
13. “The Economic Impact of Military Activities in Kentucky” with J.F. O’Connor at the
meeting of the MidSouth Academy of Economics and Finance, Nashville, TN, February
9-12, 1994.
12. “Forecasting Yearling Prices: A Comparison of Alternative Time Series Models”
with Robert Sharp at the meeting of the Kentucky Economics Association, Louisville,
KY, September 17, 1993.
31
11. “The Federal Budget Deficit: An Instrument in Search of Targets?” with Clifford
Sowell at the meeting of the American Economic Association, Anaheim, CA, January 47, 1993.
10. “A Fiscal Policy Reaction Function: Some Further Empirical Evidence” with
Clifford Sowell at the meeting of the Kentucky Economics Association, Lexington, KY,
October 16, 1992. Also served as session chair and discussant.
9. “Defense versus Nondefense Spending: A Macroeconomic Comparison” with Kevin
L. Ross at the meeting of the Midwest Economics Association, Chicago, IL, March 26-28,
1992 and at the meeting of the Missouri Valley Economics Association, St. Louis, MO,
February 27-29, 1992.
8. “Predictive Accuracy of Nonnested Models of Velocity: An Econometric Analysis” at
the meeting of the MidSouth Academy of Economics and Finance, Mobile, AL, February
19-22, 1992. Also served as a discussant.
7. “The Effect of Money Growth and Interest Rate Volatility upon Inflation: Using the
IS-LM Framework” at the meeting of the Eastern Economics Association, Pittsburgh,
PA, March 15-17, 1991. Also served as a discussant.
6. “The Stock Price Impact of Dual Listing on the Tokyo Stock Exchange” with Anandi
P. Sahu and Robert T. Kleiman at the meeting of the American Statistical Association,
Anaheim, CA, August 6-9, 1990.
5. “Defense Spending and Inflation: A Test of Causality and Exogeneity” with Anandi P.
Sahu at the meeting of the Midwest Economics Association, Chicago, IL, March 29-31,
1990.
4. “Velocity and Money Growth Variability: Some Further Evidence” at the meeting of
the Eastern Economics Association, Cincinnati, OH, March 30-April 1, 1990.
3. “Some Policy Experiments for Improving Yugoslav Economic Performance” at the
meeting of the Eastern Economics Association, Baltimore, MD, March 3-5, 1989.
2. “Tests of Real Balances as an Input in Yugoslav Industrial Production” at the meeting
of the MidSouth Academy of Economics and Finance, Nashville, TN, February 15-19,
1989.
1. “Price Inflation in Yugoslavia, 1952-1985: An Empirical Analysis” invited
presentation at the Junior Scholars Training Seminar co-sponsored by the East European
Program, The Woodrow Wilson International Center for Scholars, Washington, DC; and
the Joint Committee on Eastern Europe of the American Council of Learned Societies,
The Aspen Institute, MD, August 18-21, 1988.
32
Community Outreach:
Quarterly Economic Summit Panel Discussions sponsored by the Bloomington-Normal
Economic Development Council, 2007-2011
Quarterly presentations of McLean County Economic Activity Index sponsored by the
Bloomington-Normal Economic Development Council, 2005-2011
Member, Board of Directors, Lakeland Area Chamber of Commerce, 2011-present
Numerous radio and press interviews on current economic issues.
Consulting Experience:
Consultant to the following law firms:
Cassidy & Mueller, Peoria, IL, 2010-2011 (1 case)
Kingery, Durree, Wakeman, Ryan & Associates, Peoria, IL, 2005-2006 (2 cases)
Siebert & Johnson, Louisville, KY, 2003 (1 case)
Baker, Kriz, Jenkins & Prewitt, Lexington, KY, 2002 (1 case)
Burnam, Thompson, Weldon, Simons & Dunlap, 2001-2002 (2 cases)
Angela Patrick & Associates, Mt. Sterling, KY, 2001 (1 case)
Coy, Gilbert & Gilbert, Lexington, KY, 2001 (1 case)
Webb, Hoskins, Glover & Thompson, Lexington, KY, 1997-1998 (3 cases)
Gullette & Gullette, Nicholasville, KY, 1997-1999 (5 cases)
Robin Cornette & Patrick Nash, Lexington, KY, 1998 (1 case)
Anggelis, Gordon, Simpson & Roberts, Lexington, KY, 1997 (3 cases)
Richard Hay, Somerset, KY, 1997 (1 case)
Miller, Griffin & Marks, Lexington, KY, 1996 (1 case)
Philpot & Sullivan, Lexington, KY, 1995 (4 cases)
Dawahare, Lexington, KY, 1994-1996 (2 cases)
Invited Council Member of the Gerson Lehrman Group Policy & Economics Council,
Washington, DC, 2006 to present.
Consultant to Kentucky gubernatorial candidate on state tax reform, 1995.
Service:
External:
Referee for 83 journals (over 400 manuscripts):
African Economic Research Consortium Series
African Journal of Business Management
American Economist
Applied Economics
Applied Energy
Asia Pacific Management Review
British Journal of Applied Science & Technology
33
Bulletin of Economic Research
Contemporary Economic Policy
Defence Economics
Economic Change and Restructuring
Economic Issues
Economic Modelling
Economic Papers
Economic Record
Economic Trends and Economic Policy (Privredna kretanja I ekonomska politika)
Economics of Education Review
EIZ Working Paper Series
Ekonomska Istrazivania-Economic Research
Emerging Markets, Finance, and Trade
Empirica
Empirical Economics
Energy
Energy Economics
Energy, Exploration, & Exploitation
Energy & Fuels
Energy Policy
Energy Sources, Part B: Economics, Planning, and Policy
Environmental Hazards
Environmental and Resource Economics
European Journal of Finance
Frontiers in Finance and Economics
Growth and Change
IMA Journal of Management Mathematics
International Academy of Business and Economics
International Economic Review
International Journal of Economic Policy in Emerging Economies
International Journal of Finance and Economics
International Journal of Global Energy Issues
International Journal of Monetary Economics and Finance
International Journal of Strategic Property Management
International Tax and Public Finance
Journal of African Economies
Journal of African Finance and Economic Development
Journal of Agricultural Science and Technology
Journal of Asian Economics
Journal of Business, Industry and Economics
Journal of Comparative Economics
Journal of Computers
Journal of Developing Areas
Journal of Economics and Administrative Sciences
Journal of Economics and Business
Journal of Economics and Finance
34
Journal of Economic Studies
Journal of Forensic Economics
Journal of Hospitality & Tourism Research
Journal of Legal Economics
Journal of Macroeconomics
Journal of Regional Analysis and Policy
Journal of Regional Science
Journal of Real Estate Finance and Economics
Journal of Risk and Insurance
Journal of Sports Economics
Kentucky Journal of Economics and Business
Litigation Economics Review
Managerial and Decision Economics
Managerial Finance
Manchester School
National Tax Journal
Natural Resources Research
Physica A: Statistical Mechanics & Applications
Policing: An International Journal of Police Strategies & Management
Public Choice
Public Finance Review
Resource and Energy Economics
Review of Financial Economics
Review of International Economics
Southern Business and Economic Journal
Southern Economic Journal
Tourism Economics
Tourism Management
Quantitative Finance
Quarterly Review of Economics and Finance
World Renewable Energy Congress Proceedings
Reviewer for Addison-Wesley Publishing Company, Duxbury Publishing Company,
Harcourt Brace College Publishers, Houghton Mifflin Company, MacMillan
Publishing Company, McGraw Hill Publishing Company, South-Western
Publishing Company, Thomson, West Publishing Company, and Worth
Publishing
Editorial Boards:
Journal of Economics and Finance, 1990-1993
Global Review of Business and Economics Research, 2003 to present
Journal of Forensic Economics, 2004 to present
Frontiers in Finance and Economics, 2005 to present
Journal of Business Valuation and Economic Loss Analysis, 2005 to present
Croatian Economic Survey, 2006 to 2009
Economic Trends and Policy, 2006 to present
35
International Journal of Information and Operations Management Education,
2007 to present
Journal of Regional Analysis and Policy, 2009 to present
Journal of the Academy of Economics and Finance, 2010 to present
International Journal of Monetary Economics and Finance, 2011 to present
International Journal of Trade and Global Markets, 2011 to present
Energy Sources, Part B: Economics, Planning, and Policy, 2011 to present
Banking and Finance Review, 2011 to present
External Reviewer, Promotion and Tenure, Department of Economics, University of
Kentucky, Fall 1997.
External Reviewer, Promotion, Department of Economics, American University of
Sharjah, Fall 2005.
External Reviewer, Promotion and Tenure, Department of Economics, Finance, and
International Business, University of Southern Mississippi, Fall 2007.
External Reviewer, Promotion, Department of Economics, Old Dominion University,
Fall 2008.
External Reviewer, Promotion and Tenure, Department of Economics and Finance,
College of Charleston, Fall 2008.
Ph.D. Dissertation Committee Member, Department of Economics, University of
Kentucky, Spring 2011-present.
Program Reviewer, Department of Economics, University of Cincinnati, Fall 2008.
Program Reviewer, Department of Economics, Missouri State University, Fall 2010.
Reviewer for Edmund S. Muskie Graduate Fellowship Program (Business
Administration), Bureau of Educational and Cultural Affairs of the U.S.
Department of State administered by the International Research and Exchanges
Board, 2004.
Reviewer for Standard Research Grants Program of the Social Sciences and Humanities
Research Council of Canada, 2008.
Reader for College Board Advanced Placement Exams in Macroeconomics, University of
Nebraska at Lincoln, 2006.
Reviewer for College Board Advanced Placement Course Audit, 2007.
Reviewer for Research Grants Council of Hong Kong, 2012.
Board of Directors, Kentucky Economics Association, 1993-1996
Program Chair, Kentucky Economics Association, 1996-1997
President, Kentucky Economics Association, 1997-1998
Kentucky Canadian Studies Roundtable Steering Committee, 1996
Board of Directors, Kentucky Canadian Studies, 1996-1998
Editor-in-Chief, Journal of Economics and Finance, 2003 to present
Executive Board, Academy of Economics and Finance, 2003 to present
Board of Advisors, Institute for Regulatory Policy Studies at Illinois State University,
2004 to 2011
Internal:
Department:
Chair, Committee on Selection of Statistics Textbook, University of Southern
36
Mississippi, 1988-1989
Recruiting Committee, Oakland University, 1990-1991
Faculty Advisor, Economics Club, Oakland University, 1990-1992
Faculty Advisor, Omicron Delta Epsilon, Oakland University, 1991-1992
Colloquium Committee, Eastern Kentucky University, 1992-1997
Academic Practices Committee, Eastern Kentucky University, 1992-1997
Long Range Planning Committee, Eastern Kentucky University, 1993-1997
Chair, Committee on Evaluation of the BBA Degree in Economics, Eastern Kentucky
University, 1994
Faculty Advisor, Eastern Kentucky University, 1994-1999
Merit Pay Review Committee, Eastern Kentucky University, 1996-1998
Merit Pay Policy Committee, Eastern Kentucky University, 1996-1998
Promotion and Tenure Committee, Eastern Kentucky University, 1997-1998
Non-Tenure Review Committee, Eastern Kentucky University, 2002
Department Faculty Status Committee, Illinois State University, 2003-2009
Graduate Curriculum Committee, Illinois State University, 2003-2009.
Appointment, Salary, Promotion and Tenure Department Review Committee, Illinois
State University, 2003-2009
University Research Grant Department Review Committee, Illinois State University,
2003-2009
Undergraduate Curriculum Committee, Illinois State University, 2004-2009
Department Journal Ranking Committee, Illinois State University, 2004-2009
Department External Liaison, Illinois State University, 2005-2009
Recruitment Committee, Illinois State University, 2004, 2006, 2007, 2008
College:
Computer Advisory Council, Oakland University, 1989-1990
MBA Curriculum Review Committee, Oakland University, 1991-1992
Ad Hoc Committee on Internationalization, Eastern Kentucky University, 1992-1996
Graduate Curriculum Committee, Eastern Kentucky University, 1993-1997
Leadership Committee for AACSB International Accreditation, Eastern Kentucky
University, 1996-1997
Faculty Development Committee, Eastern Kentucky University, 1998-1999
Merit Pay Committee, Eastern Kentucky University, 1997-1998
Sabbatical Leave Committee, Eastern Kentucky University, 1997-1998, 2002
Stevenson Center Task Force, Illinois State University, 2003-2009
Search Committee, Directorship of Stevenson Center, Illinois State University, 2003
Departmental Advancement Award, Illinois State University, 2006
Departmental Advancement Award Honorable Mention, Illinois State University, 2007
Departmental Advancement Award, Illinois State University, 2008
Departmental Fundraising Award, Illinois State University, 2009
University:
Library Committee, Eastern Kentucky University, 1993-1996
Research Committee, Eastern Kentucky University, 1994-1996
Faculty Advisor, Sigma Alpha Epsilon, Eastern Kentucky University, 2001-2002
37
Faculty Senate, Eastern Kentucky University, 2001-2003
Undergraduate Scholarly and Creative Activities Committee, Eastern Kentucky
University, 2002
Chairs Council, Illinois State University, 2003-2009
Provost Appointee, College of Business Dean Search Committee, Illinois State
University, 2006-2007
Executive Committee, University of South Florida Polytechnic, 2011-2012
Co-Chair, Academic and Student Affairs Council, University of South Florida
Polytechnic, 2011-2012
Enrollment Management Committee, University of South Florida Polytechnic, 20112012
Academic and Campus Environment Advisory Council, University of South Florida
System, 2011-2012
SACS Accreditation Leadership Team, University of South Florida Polytechnic, 20112012
Chair, Transition Workgroup, University of South Florida Polytechnic, 2011-2012
Chair, Academic Program Development Transition Action Committee, University of
South Florida Polytechnic, 2011-2012
Honors:
Joel Dean Scholar in Economics, 1984
Phi Kappa Phi, 1985
Pi Gamma Mu National Scholar, 1985
Outstanding Young Men of America, 1989
Distinguished Leadership Award, 1990
Who’s Who in the Midwest, 1991
Who’s Who in the South and Southwest, 1995
Fulbright Scholar, 2000
Outstanding Faculty, College of Business and Technology, Eastern Kentucky University,
2001
Governor’s Award in the Arts, 2002
Who’s Who in America, 2002, 2007
Who’s Who in Social Sciences Higher Education, 2004
Who’s Who among America’s Teachers, 2005/2006
Research Fellow, Academy of Economics and Finance, 2006
Empire Who’s Who Among Executives and Professionals in Education, 2006/2007
Fulbright Senior Specialist Award, 2007
Teaching Fellow, Academy of Economics and Finance, 2009
Service Fellow, Academy of Economics and Finance, 2010
10 Best Reviewers 2010 for Applied Energy
38