ROBERT F. MULLIGAN, Ph.D.
60 Buzzard Roost
Cullowhee, North Carolina 28723

office 828-227-3329 secretary 828-227-7408 fax 828-227-7414

email mulligan@wcu.edu
http://paws.wcu.edu/mulligan/

 

CURRENT APPOINTMENTS

Professor of Economics, Western Carolina University

Senior Research Fellow, Center for Maritime Studies, United States Merchant Marine Academy

North Carolina Economic Policy Board

Research Associate, Department of Economics, State University of New York at Binghamton

 

I. EDUCATION

Advanced Studies Certificate (A.S.C.) in International Economic Policy Research, May 1995, KIEL INSTITUTE OF WORLD ECONOMICS, Kiel, Schleswig-Holstein, Germany 

Doctor of Philosophy in Economics, May 1993, Master of Arts in Economics, January 1990, STATE UNIVERSITY OF NEW YORK AT BINGHAMTON, Binghamton, New York

Dissertation:  Testing Alternative Real and Monetary Business Cycle Models with Endogenous Technology, Binghamton University Outstanding Dissertation in the Social Sciences Runner-up, 1993 

Bachelor of Science in Civil Engineering (B.S.C.E.), May 1983, ILLINOIS INSTITUTE OF TECHNOLOGY, Chicago, Illinois

 

II. PUBLICATIONS

a.  Refereed Articles

"Stochastic Dependence in Indian Capital Markets: a Fractal Analysis of the CNX Information Technology Index," with Debasish Banerjee, Western Carolina University, Indian Journal of Finance, forthcoming

 

"Robbins as Innovator: the Contribution of An Essay on the Nature and Significance of Economic Science," Quarterly Journal of Austrian Economics, forthcoming

 

"Religion as Adaptation: the Role of Time Preference," Political Economy Research Focus, Walter R. Levin (ed.) Hauppauge, New York: Nova Science Publishers

 

"Entrepreneurial Planning in a Regulated Environment: the U.S. Federal Maritime Commission and the Maritime Industry," with Gary A. Lombardo, United States Merchant Marine Academy, Quarterly Journal of Austrian Economics, forthcoming

 

"Maritime Enterprises and Regulated Competition," with Gary A. Lombardo, United States Merchant Marine Academy, Journal of the International Academy for Case Studies (2007) 13(5): 57-68

 

"Property Rights and Time Preference," Quarterly Journal of Austrian Economics (2007) 10(1): 23-49 [Awarded the Ludwig von Mises Institute's O.P. Alford III Prize "for the scholarly article published during 2006-2007 that best advances libertarian scholarship."]

 

"Modeling Markets for Sports Memorabilia," with A.J. Grube, Western Carolina University, Journal of Economics and Economic Education Research (2006) 7(2): 75-102

 

"Transactional Economics: John Dewey's Ways of Knowing and the Radical Subjectivism of the Austrian School," Education and Culture: the Journal of the John Dewey Society, Fall 2006, 22(2): 61-82

 

"Short Sea Shipping: Alleviating the Environmental Impact of Economic Growth," with Gary A. Lombardo, United States Merchant Marine Academy, World Maritime University Journal of Maritime Affairs (2006) 5(2): 55-70

 

"Accounting for the Business Cycle: Nominal Price Rigidities, Factor Heterogeneity, and Austrian Capital Theory," Review of Austrian Economics (2006) 19(1): 311-336

 

"An Empirical Examination of Austrian Business Cycle Theory," Quarterly Journal of Austrian Economics (2006) 9(2): 69-93

 

"The Austrian Business Cycle: a Vector Error-correction Model with Commercial and Industrial Loans," Journal of Private Enterprise (Fall 2005) 22(1): 51-91

 

"The Entrepreneurial Critique of the Optimization Paradigm," Academy of Entrepreneurship Journal (2005) 11(2): 47-69

 

"The Common Law Character of English Charters: Spontaneous Order in the Constitutions of Clarendon (1164)," Constitutional Political Economy (September 2005) 16(3): 285-311

 

"Maritime Businesses: Volatile Stock Prices and Market Valuation Inefficiencies," with Gary A. Lombardo, United States Merchant Marine Academy, Quarterly Review of Economics and Finance, (2004) 44(2): 321-336

 

"Spontaneously Evolved Social Order versus Positive Legislation in English Constitutional History," Review of Austrian Economics (2004) 17(1): 41-65

 

"Fractal Analysis of Highly Volatile Markets: An Application to Technology Equities," Quarterly Review of Economics and Finance (2004) 44(1): 155-179

 

"Baseball Card Pricing Model: A Demonstration with Well-known Players," with A.J. Grube and Stephen Jarrell, Western Carolina University, Visions in Leisure and Business (2004) 21(7): 30-42

 

"Resource Allocation: A Hayekian Paradigm for Maritime Conglomerates," with Gary A. Lombardo, U.S. Merchant Marine Academy, Quarterly Journal of Austrian Economics (2003) 6(1): 3-21

 

"The Demand for Programs at a College Football Game: OLS and LMS Estimates of Optimal Prices," with Stephen Jarrell, Western Carolina University, Journal of Sport Management (2002) 16(3): 209-229

 

"A Hayekian Analysis of the Term Structure of Production," Quarterly Journal of Austrian Economics (2002) 5(2): 17-33

 

"Shortage and Currency Substitution in Transition Economies: Bulgaria, Hungary, Poland, and Romania," with Erwin Nijsse, Royal Dutch-Shell Group, International Advances in Economic Research (2001) 7(3): 275-295

 

"A Characteristic Exponent Test for the Cauchy Distribution," Atlantic Economic Journal (2000) 28(4): 491

 

"A Fractal Analysis of Foreign Exchange Markets," International Advances in Economic Research (2000) 6(1): 33-49

 

"Export-Import Endogeneity in the Context of the Thirlwall-Hussain Model: an Application of the Durbin-Wu-Hausman Test Incorporating a Monte Carlo Experiment," Applied Economics Letters (1996) 3: 275-279

 

"Testing Real and Monetary Business Cycle Models with Endogenous Technology," Atlantic Economic Society Best Papers Proceedings (1993) 3(1): 86-90 

 

b.  Research Monographs

The North Carolina Human Development Report (2006) Cullowhee, North Carolina: Institute for the Economy and the Future, Western Carolina University

 

U.S. Short Sea Shipping: Prospects and Opportunities (2004) with Gary A. Lombardo and Chang Q. Guan, U.S. Merchant Marine Academy, Kings Point, New York: Center for Maritime Studies, United States Merchant Marine Academy

 

 

c. Refereed Conference Proceedings

"Short-Run and Long-Run Strategic Competition under U.S. Cabotage Laws," with Gary A. Lombardo, United States Merchant Marine Academy, International Association of Maritime Economists Annual Conference 2004, Izmir, Turkey, 30 June – 2 July, 328-337

 

"A Fractal Analysis of Technology Securities," Proceedings of the 2001 International Business & Economics Research Conference, October 2001 [IBER Best Paper Award]

 

"Using Technology to Provide a Liberal Studies Perspective in Introductory Economics," Robert Morris College-Irwin/McGraw-Hill Teaching Economics Conference Papers 11, February 2000, 125-131

 

"Designing an Assignment-driven Course Around a Web-based Research Project: a Report on the North Carolina Economic Survey," Robert Morris College-Irwin/McGraw-Hill Teaching Economics Conference Papers 11, February 2000, 118-124

 

d.  Book Reviews

Review: "Generation Debt: Why Now is a Terrible Time to be Young,"  by Anya Kamenetz, Asheville Citizen-Times, January 22, 2007

 

Edgar E. Peters, "Complexity, Risk, and Financial Markets," Quarterly Journal of Austrian Economics 7(1): 85-89

 

Review: "The Dynamics of Firm and Industry Growth: the Swedish Computing and Communications Industry," by Dan Johansson, Asheville Citizen-Times, April 6, 2003

 

Review: "Complexity, Risk, and Financial Markets," by Edgar E. Peters, Asheville Citizen-Times, September 8, 2002

 

Review: "Time and Money: the Macroeconomics of Capital Structure," by Roger W. Garrison, Asheville Citizen-Times, October 7, 2001

 

Review: "Millionaire: the Philanderer, Gambler, and Duelist who Invented Modern Finance," by Janet Gleeson, Asheville Citizen-Times, June 3, 2001

 

Daniel B. Klein, ed., "What Do Economists Contribute?" Review of Austrian Economics, 2001, 13(2): 221-223

 

Review: "Total Risk: Nick Leeson and the Fall of Barings Bank," by Judith H. Rawnsley, Asheville Citizen-Times, March 26, 2000

 

Review: "Dr. Deming: the American who Taught the Japanese about Quality," by Rafael Aguayo, with a foreword by W. Edwards Deming, Asheville Citizen-Times, July 11, 1999

 

Review: "The Deming Management Method," by Mary Walton, with a foreword by W. Edwards Deming, Asheville Citizen-Times, April 25, 1999

 

Review: "The Insider's Book of Business School Lists," by Mark Baker, Asheville Citizen-Times, October 18, 1998

 

Review: "The Ministry: How Japan’s Most Powerful Institution Endangers World Markets," by Peter Hartcher, Asheville Citizen-Times, May 24, 1998

 

Review: "Financial Market Rates and Flows," fifth edition, by James C. Van Horne, Asheville Citizen-Times, May 3, 1998

 

Review: "The Dilbert Future: Thriving on Stupidity in the 21st Century," by Scott Adams, Asheville Citizen-Times, April 26, 1998

 

Review: "Chaos and Order in the Capital Markets," second edition, by Edgar E. Peters, Asheville Citizen-Times, March 1, 1998

 

Review: "Money, Banking, and Financial Markets," by Lloyd B. Thomas, Asheville Citizen-Times, December 14, 1997

 

"Overthrowing the World: a Review of The Russian Revolution by Richard Pipes," Officer Review, December 1990, 29(4): 12-13

 

"Responding to the Soviet Beast: a Review of Survival is Not Enough by Richard Pipes," Officer Review, January 1987, 26(1): 9-10 

 

e.  Other Publications

Quoted by Jon Ostendorf and Nancy Bompey, "Consulting Firm to Help Run Hospital," Asheville Citizen-Times, February 28, 2008

 

"Short Sea Shipping," with Gary A. Lombardo, United States Merchant Marine Academy, World Wide Shipping 70(7):13-15, October/November 2007

 

Letter to the Editor, "Do Immigrants Make us Safer?" New York Times Magazine, December 17, 2006

 

"North Carolina Needs Lower Taxes," Carolina Journal, May 8, 2004

 

Quoted by Angie Newsome, "As Costs Rise, Consumers Try to Stretch their Dollars," Asheville Citizen-Times, May 3, 2004

 

Quoted by Becky Johnson, "Cheap Goods Cost Jobs," Smoky Mountain News, February 11, 2004

 

Quoted by John Ostendorff and Quintin Ellison, "Blue Ridge Paper Plans to Eliminate 100 Jobs," Asheville Citizen-Times, February 4, 2004

 

Quoted by John Boyle, "Bush Economic Plan Divides WNC People," Asheville Citizen-Times, January 8, 2003

 

Op-ed: "Governor's Employment Incentive Scheme Does Not Add Up," Asheville Citizen-Times, August 18, 2002

 

Quoted by Melissa Dills, "Sales Dip; Tourism Stays Strong," Franklin Press 118(7): January 25, 2002

 

"WCU Finance Students Compete in TVA Investment Challenge," WCU Press Release, November 30, 2001

 

Quoted by Paul Clark, "No one Sure what War will do to the Economy," Asheville Citizen-Times, October 7, 2001

 

Quoted by John Ostendorff, "Cost, size, site issues of Haywood Justice Center," Asheville Citizen-Times, September 3, 2001

 

"Western Business Students Excel at TVA Investment Challenge and Phi Beta Lambda State Leadership Conference," Asheville Citizen-Times, June 15, 2001

 

"TVA Investment Challenge," Asheville Citizen-Times, December 11, 2000

 

"WCU Business College sponsors hands-on Wall Street excursion," Smoky Mountain News, November 1, 2000

 

Op-ed: "If we don't pay for bond issue now, state will most assuredly pay later," Asheville Citizen-Times, October 19, 2000

 

"WCU students predict economic growth in state," Asheville Citizen-Times, May 15, 2000

 

"Beware Greenspan, WCU students forecasting economy," Enterprise Mountaineer, Waynesville NC, October 27, 1999

 

"WCU team forecasts good economic future," Asheville Citizen-Times, October 7, 1999

 

"Beware, Greenspan - WCU Business students are issuing economic forecast for North Carolina, US," Smoky Mountain News, September 29, 1999

 

Op-ed: "Should President Clinton Bet Your Retirement?" Asheville Citizen-Times, February 22, 1999

 

III. PAPERS SUBMITTED

 

"A Fractal Comparison of Real and Austrian Business Cycle Theories," submitted to the Review of Austrian Economics

 

"New Evidence on the Structure of Production: Real and Austrian Business Cycle Theory," submitted to the Quarterly Journal of Austrian Economics

 

"Monetary Policy Regimes in Macroeconomic Data: an Application of Fractal Analysis," with Roger Koppl, Farleigh Dickinson University, submitted to the Journal of Macroeconomics

 

"The Public Administrator as Chief Regulator: Regulatory Oversight of the Maritime Industry," with Gary A. Lombardo, United States Merchant Marine Academy, submitted to Public Administration Review

 

"The Sensory Order's Operational Model of Epistemology: From Subjective Perception to Objective Reality," submitted to Advances in Austrian Economics

 

 

IV. CONFERENCE & SEMINAR PAPERS & PRESENTATIONS

"The Sensory Order's Operational Model of Epistemology: From Subjective Perception to Objective Reality," Austrian Scholars Conference 14, Ludwig von Mises Institute, Auburn AL, March 13-15, 2008

"A Fractal Comparison of Real and Austrian Business Cycle Theories," Austrian Scholars Conference 13, Ludwig von Mises Institute, Auburn AL, March 15-17, 2007

"Robbins as Innovator: the Contribution of An Essay on the Nature and Significance of Economic Science," Austrian Scholars Conference 13, Ludwig von Mises Institute, Auburn AL, March 15-17, 2007

"New Evidence on the Structure of Production: Real and Austrian Business Cycle Theory," Southern Economic Association, session sponsored by the Society for the Development of Austrian Economics, Charleston SC, November 18, 2006

"A Multi-agent Model of the Austrian Business Cycle," Austrian Scholars Conference 12, Ludwig von Mises Institute, Auburn AL, March 16-18, 2006

"Entrepreneurial Planning in a Regulated Environment: the U.S. Federal Maritime Commission and the Maritime Industry," Austrian Scholars Conference 12, Ludwig von Mises Institute, Auburn AL, March 16-18, 2006

"Maritime Regulatory Influences on Entrepreneurial Behavior," Southern Economic Association, session sponsored by the Society for the Development of Austrian Economics, Washington DC, November 20, 2005

"Fractal Geometry and the Austrian School," Austrian Scholars Conference 11, Ludwig von Mises Institute, Auburn AL, March 17-19, 2005

"Lord Acton and the Scholarship of Liberty," Austrian Scholars Conference 11, Ludwig von Mises Institute, Auburn AL, March 17-19, 2005

"Monetary Policy Regimes in Macroeconomic Data: an Application of Fractal Analysis," with Roger Koppl, Farleigh Dickinson University, presented at Wake Forest University, January 26, 2005

"John Dewey's Ways of Knowing and the Radical Subjectivism of the Austrian School," Southern Economic Association, session sponsored by the Society for the Development of Austrian Economics, New Orleans LA, November 21, 2004

"United States Short Sea Shipping: Opportunities and Challenges," with Gerhart Muller, Gary A. Lombardo, and Chang Q. Guan, United States Merchant Marine Academy, Kings Point, 3rd European REALISE Workshop on Infrastructure and Intermodal Services for Short Sea Shipping, Genoa, October 4-5, 2004

"The Austrian Model of the Business Cycle," American Institute for Economic Research, Great Barrington MA, June 15 & July 24, 2004

"Short-run and Long-run Competition under U.S. Cabotage Laws," with Gary A. Lombardo, United States Merchant Marine Academy, Kings Point, International Association of Maritime Economists 2004 Annual Conference, Izmir, Turkey, June 30 -July 2, 2004

"The Austrian Business Cycle: a Vector Error-correction Model with Commercial and Industrial Loans," Association of Private Enterprise Education 2004 Annual Conference, Nassau, Bahamas, April 4-6, 2004

"Accounting for the Business Cycle: Nominal Price Rigidities, Factor Heterogeneity, and Austrian Capital Theory," Austrian Scholars Conference 10, Ludwig von Mises Institute, Auburn AL, March 18-20, 2004

"An Empirical Examination of Austrian Business Cycle Theory," Southern Economic Association, session sponsored by the Society for the Development of Austrian Economics, San Antonio TX, November 23, 2003

Session chair, Behavioral Research Council’s 3rd Annual Symposium on the Foundations of the Behavioral Sciences, "Dewey, Hayek and Embodied Cognition: Experience, Beliefs and Rules," American Institute for Economic Research, Great Barrington MA, July 18-20, 2003

"An Empirical Examination of Austrian Business Cycle Theory," American Institute for Economic Research, Great Barrington MA, June 12 & July 24, 2003

"Property Rights and Time Preference," Austrian Scholars Conference 9, Ludwig von Mises Institute, Auburn AL, March 13-15, 2003

"Fractal Analysis of Time Series, the Term Structure of Production, and the Evolutionary Order," Western Carolina University College of Business Faculty Research Forum, February 19, 2003

"Hayekian Spontaneous Order in Intergovernmental Organizations," Southern Economic Association, session sponsored by the Society for the Development of Austrian Economics, New Orleans LA, November 24-26, 2002

"The International Monetary Fund: Successes and Failures," Warren Wilson College, Asheville NC, November 18, 2002

"An Entrepreneurial Critique of the Optimization Paradigm," Austrian Scholars Conference 8, Ludwig von Mises Institute, Auburn AL, March 16, 2002

"Spontaneously Evolved Social Order versus Positive Legislation in English Constitutional History," Southern Economic Association, session sponsored by the Society for the Development of Austrian Economics, Tampa FL, November 17-19, 2001

"A Fractal Analysis of Technology Securities," International Business and Economic Research Conference, sponsored by Western Academic Press, Reno NV, October 8-12, 2001 [IBER Best Paper Award]

"The Common Law Character of English Charters: Spontaneous Order in the Constitutions of Clarendon (1164)," American Institute for Economic Research, Great Barrington MA, June 15, 2001

"An Empirical Analysis of the Structure of Production," Southern Economic Association, session sponsored by the Society for the Development of Austrian Economics, Washington DC, November 10-12, 2000

"The Demand for Programs at a College Football Game: OLS and LMS Estimates of Optimal Prices," with Stephen Brooks Jarrell, Western Carolina University, Southern Economic Association, Washington DC, November 10-12, 2000

"Problems of Central and Eastern European Countries in Transition," with Rita Noel, Western Carolina University: sponsors: WCU Office of International Programs and Services, Phi Beta Delta, and WCU College of Research and Graduate Studies, April 13, 2000

"Designing an Assignment-driven Course Around a Web-based Research Project: a Report on the North Carolina Economic Survey," Robert Morris College Irwin/McGraw-Hill Teaching Economics Conference, Pittsburgh, Pennsylvania, February 17-19, 2000

"Using Technology to Provide a Liberal Studies Perspective in Introductory Economics," Robert Morris College Irwin/McGraw-Hill Teaching Economics Conference, Pittsburgh, Pennsylvania, February 17-19, 2000

"Teaching with Internet-based Texts: a 'Great Books' Approach," Lilly-South Conference, University of Georgia, Athens, Georgia, February 11-13, 2000

"Incorporating Undergraduate Research in an Assignment-driven Course," Lilly-South Conference, University of Georgia, Athens, Georgia, February 11-13, 2000

"Shortage and Currency Substitution in Transition Economies: Bulgaria, Hungary, Poland, and Romania," with Erwin Nijsse, Royal Dutch-Shell Group, Atlantic Economic Conference, Montreal, Quebec, October 9, 1999

"A Fractal Analysis of Foreign Exchange Markets," Atlantic Economic Conference, Boston, Massachusetts, October 8-11, 1998; Saint Bonaventure University, St Bonaventure, New York, February 12, 2001

"Export-Import Endogeneity in the Context of an Export-led Growth Model: an Application of the Error-correction Specification Incorporating a Monte Carlo Experiment," Eastern Economic Association, New York, March 1, 1998

"Currency Substitution in Transition Economies: Theory and Evidence," with Erwin Nijsse, Royal Dutch-Shell Group, Kiel Institute of World Economics, Kiel, Schleswig-Holstein, Germany, May 19, 1995; Cambridge University, England, May 19, 1995

"An Error-correction Model of Balance-of-Payments Constrained Growth: Monte Carlo Evidence on the Thirlwall-Hussain Model," Kiel Institute of World Economics, Kiel, Schleswig-Holstein, Germany, November 18, 1994; Norwegian School of Management, Oslo, Norway, January 27, 1995

"General Equilibrium Business Cycle Models: a Test of Alternative Specifications," Southern Economic Association, New Orleans, November 21, 1993

"Forward Markets for Foreign Exchange: an Empirical Examination of the Efficient Market Hypothesis," with Dean P. Russo, American Express, Southern Economic Association, New Orleans, November 23, 1993

"Testing Alternative Real and Monetary Business Cycle Models with Endogenous Technology," Eastern Economic Association, New York, March 27, 1992; Atlantic Economic Conference, Plymouth, Massachusetts, October 16, 1992

Chair, "Aspects of Production" session, Southern Economic Association, Washington DC, November 10-12, 2000

Chair and Organizer, "International Finance and Development" session, Atlantic Economic Conference, Montreal, Quebec, October 9, 1999

Chair, "International Banking" session, Southern Economic Association, New Orleans, November 23, 1993

 

V. JOURNALS REFEREED

Quarterly Journal of Austrian Economics, Transaction Periodicals, Journal of the Ludwig von Mises Institute

Physica A: Statistical Mechanics and its Applications, Elsevier

Review of Austrian Economics, Kluwer Academic Publishers, Journal of the Society for the Development of Austrian Economics

Economic Systems, Elsevier, Journal of the European Association for Comparative Economic Studies

Journal of Evolutionary Economics, Springer Verlag, Journal of the International J.A. Schumpeter Society

Journal of Institutional Economics, Cambridge University Press, Journal of the European Association for Evolutionary Political Economy

Advances in Austrian Economics, Elsevier

 

VI. PROFESSIONAL EXPERIENCE

Teaching evaluations can be viewed at: http://paws.wcu.edu/mulligan/www/assess.html

July 2008-date Professor, Department of Accountancy, Finance, & Economics, College of Business, Western Carolina University, Cullowhee, North Carolina:

July 2004-date Senior Research Fellow, Center for Maritime Studies, United States Merchant Marine Academy, Kings Point, New York:

- Prepared research articles, presentations, policy studies, and White Papers on Short Sea Shipping and related topics in maritime transportation

August 2003-date Associate Professor, Department of Business Computer Information Systems and Economics, College of Business, Western Carolina University, Cullowhee, North Carolina:

- Awarded Scholarly Leave Fall 2007 to develop an improved methodology for ship construction cost estimates at the U.S. Merchant Marine Academy

- Recipient of the Board of Governors Award for Creative and Innovative Teaching, Spring 2003

- Permanent tenure awarded

- Taught undergraduate Macroeconomics

- Participated in TVA Investment Challenge Conferences and Wall Street field trips

- Enhanced use of on-line notes, quizzes, and other instructional materials

- Enhanced use of on-line primary texts as supplemental readings for introductory economics

- Chair, Economics Search Committee

- Member, Western Carolina University Scholarship Committee

- Member, Western Carolina University Council on Faculty Affairs

- Member, Western Carolina University College of Business Dean's Advisory Council

- Member, NCAA Self-study Committee

- Member, NCAA Academic Integrity Subcommittee

- Member, College and Departmental Tenure, Promotion, and Reappointment Committees 

 

July 2001-August 2003 Assistant Professor, Department of Business Computer Information Systems and Economics, College of Business, Western Carolina University, Cullowhee, North Carolina:

- Recipient of the Board of Governors Award for Creative and Innovative Teaching, Spring 2002

- Named to the North Carolina Economic Policy Board, a project of the John Locke Foundation, Raleigh, North Carolina, November 2001
- Awarded College of Business Summer Research Grant to apply fractal analysis to technology securities (Summer 2001)
- Taught undergraduate Macroeconomics 
- Taught European Business Conditions as a study abroad course at the International Business School Breda of the Hogeschool Brabant, Breda, Netherlands (Summer 2001) 
- Participated in TVA Investment Challenge Conference and Wall Street field trips each Fall 
- Enhanced use of on-line notes, quizzes, and other instructional materials
- Enhanced use of on-line primary texts as supplemental readings for introductory economics
- Member, Western Carolina University Scholarship Committee

- Member, Western Carolina University Residence Hall Construction Planning Committee

- Member, Western Carolina University Academic Residential Community (ARC) Committee

- Member, Western Carolina University College of Business Dean's Advisory Council 

 

June 2001-August 2005 (concurrent appointment) Visiting Research Fellow, American Institute for Economic Research, Great Barrington, Massachusetts:

- Awarded 2005 AIER Research Fellowship to prepare a monograph interpreting fractal analysis in light of the Austrian school of economics

- Awarded 2004 AIER Research Fellowship to conduct a survey of business cycle research with special emphasis on the Austrian school

- Awarded 2003 AIER Research Fellowship to conduct empirical analysis of Austrian business cycle theory

- Awarded 2001 AIER Research Fellowship to conduct study of spontaneous order in Anglo-American legal and political institutions and modern intergovernmental organizations

- Prepared monograph analyzing relationship between E.C. Harwood's theory of the business cycle and Austrian business cycle theory

- Prepared monograph on Friedrich A. Hayek's theory of spontaneously evolved social order drawing illustrations from English constitutional history

 

August 1997-June 2001 Visiting Assistant Professor, Department of Economics, Finance, and International Business, College of Business, Western Carolina University, Cullowhee, North Carolina:

- Awarded College of Business Summer Research Grant (Summer 2000) to study the structure of production and factor distribution by industrial sector using the Hayekian triangle

- Recipient of the Board of Governors Award for Creative and Innovative Teaching, Spring 2000 

- Applied the doctrine of spontaneous order in human institutions to medieval English charters and contemporary intergovernmental organizations 

- Analyzed currency substitution in former communist economies using error-correction models 

- Performed modified R/S and other fractal analyses of equities and foreign exchange markets 

- Applied error-correction specification to modeling export-led growth 

- Taught undergraduate Microeconomics, Macroeconomics, and Money and Banking 

- Developed and taught ECON 488/693 European Business Conditions as a study abroad course at the Hogeschool Brabant, Breda, Netherlands, including field trips to Paris, Amsterdam, Cologne, and Brussels, Heinekin, and Philip Morris 

- Designed, developed, and taught MBA 510 Economics and Public Policy and MBA 505 Statistical Analysis for Business 
- Participated in TVA Investment Challenge Conference, Fall 2000 and Spring 2001, and Wall Street field trips each Fall, 1997-date 
- Developed award-winning instructional websites 
- Pioneered use of on-line notes, quizzes, and other instructional materials
- Pioneered use of on-line primary texts as supplemental readings for introductory economics 
- Edited the North Carolina Economic Survey, a collection of economic forecasting and research projects performed by students in ECON 303 Money, Financial Markets, and Economic Policy 
- Sponsored ten student presentations in the WCU Honors College Undergraduate Research Seminar, Spring 2000 
- Maintained contact with alumni and provided an on-line job recruiting and career tracking resource
- Member, Western Carolina University Residence Hall Construction Planning Committee participating in programming a 300 bed facility with classroom, office, and assembly space 
- Member, Western Carolina University Academic Residential Community (ARC) Committee helping to develop and implement ARC concept integrating student services and instructional activities 
- Member, College of Business Curriculum and Standards Committee, contributing to developing and modernizing undergraduate and graduate business curricula in preparation for AACSB reaffirmation 
- Member, AACSB Reaccreditation Faculty Qualification and Composition Committee, drafting  part of AACSB self-study 
- Member, Program Committee for the Atlantic Economic Society Conference, Montreal, 1999

 

September 1995-date (concurrent appointment) Research Associate, Department of Economics, State University of New York at Binghamton, Binghamton, New York:

- Refined and improved statistical procedures for analyzing the Thirlwall-Hussain model of export-led growth

- Applied the Durbin-Wu-Hausman test to the Thirlwall-Hussain model to examine export-import endogeneity 
- Further refined the test for finite variance, extending its application from the Cauchy distribution to the more general case 

 

August 1996-August 1997 Assistant Dean, Gabelli School of Business, Roger Williams University, Bristol, Rhode Island:

- Prepared GSB Retention Plan, Faculty Information Guide, and Articulation Agreements

- Assisted the Dean in preparing the AACSB Accreditation Study 
- Developed and implemented GSB peer-tutor program 
- Administered and coordinated Post-baccalaureate Certificate in Accounting 
- Taught undergraduate Business Enterprise course 
- Coordinated student advising, maintaining personal contact with approximately 450 students 
- Published and edited the GSB newsletter, The Business Hawk
- Organized career panels with multiple outside speakers from the business community 
- Member of RWU Deans' Council and GSB Advisory Board 
- Helped modernize GSB curricula

 

July-August 1996 Adjunct Instructor, Department of Economics and Finance, Nassau Community College, Garden City, New York:

- Taught two sections of Principles of Macroeconomics

 

August 1994-June 1995 Advanced Studies in International Economic Policy Research, Kiel Institute of World Economics, Kiel, Schleswig-Holstein, Germany:

- Developed a model to predict dollar balances in eastern Europe, using the Johansen maximum likelihood procedure to identify stable, long-run relationships among unstable and constantly-growing series, including money demand, consumption, inflation, shortage, and exchange rates

- To correctly price call options in a riskier environment, extended the Black-Scholes model with more realistic assumptions about the underlying distribution 

 

May 1993-May 1994 Visiting Assistant Professor, Department of Economics and Finance, School of Management, Clarkson University, Potsdam, New York:

- Developed a new statistical test to determine whether a finite sample, which always has a finite sample variance, is drawn from a population with infinite variance

- To see if exports or imports are more important in driving economic growth, developed alternative models and programmed algorithms to do F, J, J-A, N-tilde, and W tests and Monte Carlo experiments to evaluate the tests 
- Used SAS, TSP, and Lotus on DOS, Windows, and Novell systems 
- Taught Econometric and Business Forecasting, explaining advanced practices to undergraduates and MBA students 

 

September 1991-May 1993 Lecturer, Department of Economics, State University of New York at Binghamton, Binghamton, New York:

- To identify the importance of real and monetary factors in driving the U.S. business cycle, developed alternative models, estimated them by 2SLS, 3SLS, SUR, GMM, and the Kalman filter, and compared them with the Wald and likelihood-ratio tests, showing both factors drive the cycle. Also used Monte Carlo simulations for correct small-sample inference

- To evaluate the DRI/McGraw-Hill forecast of the U.S. economy, developed alternative 
ARIMA models for comparison, and computed standard measures of forecast performance over decreasing time horizons, showing performance improves as the horizon shortens 
- To test efficiency of foreign exchange markets, replicated a battery of classic tests using forward and spot exchange rates with new data 
- Used TSP, SAS, JCL, and RATS on UNIX, MVS, and VM/CMS systems, and Lotus and Excel on DOS and Windows 
- Taught Economic Statistics, explaining sophisticated, highly-complex theories and procedures to undergraduates 

 

May 1983-October 1987 Civil Engineering Officer, USAF, Fairchild Air Force Base, Washington & Osan Air Base, Korea:

- Prepared cost estimates for $100 million regional military medical center, $150 million national flight-survival training center, and many other projects, supervised ten people, prepared two annual budgets, and wrote monthly reports to the Joint Chiefs of Staff

 

VII. PROFESSIONAL DEVELOPMENT

SUMMER INSTITUTE FOR TEACHING AND LEARNING: Western Carolina University, Cullowhee, North Carolina, May 12-15, 2008

LIBERTY FUND SEMINAR ON BUSINESS CYCLE RESEARCH: New Orleans, April 19-21, 2007

NEW YORK UNIVERSITY Austrian Economics Program: Advanced Austrian Economics Seminar, Foundation for Economic Education, Irvington-on-Hudson, New York, (I) June 18-25, 1989, (II) July 10-16, 1999

TVA Investment Challenge:
Spring 2001 Conference and Job Fair, Nashville, Tennessee, April 5-6, 2001 
Fall 2000 Conference and Job Fair, Nashville, Tennessee, November 2-3, 2000 

CAROLINA COLLOQUY FOR UNIVERSITY TEACHING:
New Faculty Seminar on Exemplary Teaching, Western Carolina University, Cullowhee, North Carolina, June 12-16, 2000

ROBERT MORRIS COLLEGE-IRWIN/McGRAW-HILL Teaching Economics Conference:
Eleventh Annual Conference, Robert Morris College, Pittsburgh, Pennsylvania, February 17-19, 2000 

INTERNATIONAL ALLIANCE OF TEACHER SCHOLARS:
2000 Lilly-South Conference on Teaching and Learning, University of Georgia, Athens, Georgia, February 11-13, 2000 

KIEL INSTITUTE OF WORLD ECONOMICS Advanced Studies Program:
15th Anniversary Conference, Global Financial Markets and the International Monetary System: Currency Crises, Contagion and Cures, Kiel, Schleswig-Holstein, Germany, May 16-18, 1999 

INTERNATIONAL ATLANTIC ECONOMIC SOCIETY:
Member, Program Committee, Montreal Conference, October 7-10, 1999
    - organized session on "International Finance and Development" 

PHI BETA LAMBDA/FUTURE BUSINESS LEADERS OF AMERICA:
North Carolina State Leadership Conference, April 7-9, 2000, Charlotte, North Carolina 
National Fall Leadership Conference, November 12-13, 1999, Greensboro, North Carolina 
North Carolina State Leadership Conference, November 11-12, 1999, Highpoint, North Carolina 
National Leadership Conference and Institute for Leaders, July 4-7, 1999, Chicago, Illinois 
North Carolina State Leadership Conference, March 26-28, 1999, Greensboro, North Carolina 

AMERICAN ASSEMBLY OF COLLEGIATE SCHOOLS OF BUSINESS (AACSB):
Undergraduate Curriculum Development Seminar, February 1997, Emory University, Atlanta, Georgia 
Associate Deans' Seminar, November 1996, Southern Methodist University, Dallas, Texas 

SAS INSTITUTE, New York, New York
SAS Fundamentals: a Programming Approach April 1-3, 1996 
SAS Programming April 15-17, 1996 
SAS Macro Language April 25-26, 1996 
Advanced SAS Programming Techniques and Efficiencies June 6-7, 1996

 

VIII. KIEL INSTITUTE OF WORLD ECONOMICS ADVANCED STUDIES COURSES 1994-1995

Open-economy Macroeconomics, Paul de Grauwe, Catholic University of Leuven

International Finance, Richard C. Marston, Wharton School, University of Pennsylvania

Applied Econometrics, Gerd Hansen, Christian-Albrechts-Universitaet Kiel

International Trade: Theory and Policy, Richard Baldwin, Graduate Institute of International Studies, Geneva

Trade, Factor Flows, and Global Convergence, Jeffrey G. Williamson, Harvard University

Economic Strategies for Less-developed Countries, Sweder van Wijnbergen, University of Amsterdam

European Monetary Integration, Barry Eichengreen, University of California at Berkeley

Political Economy in Open Economies, Dani Roderik, Columbia University & Guido Tabellini, Innocenzo Gasparini Insitute for Economic Research, University of Milan

Economics of Transition, John Flemming, Oxford University, the Bank of England, and the European Bank for Reconstruction & Development

 

IX. SELECTED OTHER GRADUATE COURSES

Advanced Seminar in Applied Econometrics, Edward C. Kokkelenberg, SUNY Binghamton

Advanced Seminar in Econometric Theory, Robert L. Basmann, SUNY Binghamton

Business and Econometric Forecasting, Charles W. Bischoff, SUNY Binghamton

 

X. COURSES TAUGHT

Natural Resource Economics

 

Western Carolina University

Money, Financial Markets, and Economic Policy

       

          Western Carolina University

Study Abroad in Europe