Saturday 9am

Sessions, Sunday, February 25, 9:00 am

[180] FINANCIAL INSTITUTIONS PERFORMANCE AND EFFICIENCY ANALYSIS

Session Organizer: Georgios Chortareas, University of Essex
Session Chair: Stephen M. Miller, University of Nevada Las Vegas

Labor-Use Efficiency in Indian Banking: A Branch Level

Abhiman Das, Reserve Bank of India; Subhash C. Ray, University of Connecticut; and Ashok Nag, Reserve Bank of India

Efficiency Estimation of U.S. Commercial Banking: A Stochastic Frontier Approach Using Gibbs Sampling

James M. Sfiridis, University of Connecticutand Kenneth N. Daniels, Virginia Commonwealth University

Financial Frictions, Bank Performance and Bank Lending Quality: Evidence from the Euro Area

Georgios Chortareas, University of Essex; Claudia Girardone, University of Essex;and Alexia Ventouri, University of Essex

Cost Improvements, Returns to Scale, and Cost Inefficiencies for Real Estate Investment Trusts

Stephen M. Miller, University of Nevada and Thomas M. Springer, Clemson University

Discussion among participants.

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[181] FINANCIALIZATION IN THE WORLD ECONOMY: VIEWS FROM THE SOUTH

Session Sponsored by the Union for Radical Political Economics (URPE)

Session Organizer and Chair: Stanley Malinowitz, Universidad Externado de Colombia and University of Massachusetts, Amherst ( smalinowitz@yahoo.com)

Financialization in the Americas: A Comparative View

Stanley Malinowitz, Universidad Externado de Colombia and University of Massachusetts – Amherst (smalinowitz@yahoo.com)

Measuring Financialization in Latin America

Fernando Leiva, University at Albany, SUNY (fleiva@albany.edu)

Wealth Inequality in India under Financial Reforms

Arjun Jayadev, University of Massachusetts – Boston (arjun.jayadev@umb.edu)

Discussant:

Gerald Epstein, University of Massachusetts – Amherst (gepstein@econs.umass.edu)

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[182] EXPLORING WOMEN’S WELL-BEING: WELL-BEING WITHIN THE HOUSEHOLD AND BEYOND
Session Organizer and Chair: Susan Bush, American University (susan.bush@american.edu)

Do Services as Signals Really Work? An Empirical Paper on Domestic Violence

Susan Bush, American University (susan.bush@american.edu)

SCHIP and Parents’ Well-being
Minghua Li, Franklin Pierce College (liming@fpc.edu)

The Wealth Distribution of Female Immigrants in the U.S.

Lisa Mohanty, City of New York University, College of Staten Island (mohanty@mail.csi.cuny.edu)

Gender Dimensions of Asset Ownership Among the Urban Poor
Maria Floro, American University (mfloro@american.edu)

Discussants:
Minghua Li, Franklin Pierce College (liming@fpc.edu)
Susan Bush, American University (susan.bush@american.edu)
Maria Floro, American University (mfloro@american.edu)
Chau Do, Office of Comptroller of the Currency (chau.do@occ.treas.gov)

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[183] LOCAL LABOR AND HEALTH OUTCOMES(JEL Codes I, J)
Session Organizer and Chair: Jonathan Ohn, Bloomsburg University (john@bloomu.edu)

What Have You Done Lately? An Investigation of the Impact of Recent Surgical Volume on Patient Health Outcomes

Jason Hockenberry, Lehigh University (jmhc@lehigh.edu)

Taking Too Much Off the Top? The Effects of State Licensing of Barbers

Edward J. Timmons , Lehigh University, (ejt2@lehigh.edu) and Robert J. Thornton, Lehigh University ( rjt1@lehigh.edu)

The Influence of Medicaid on the Drug Market

Dana Costea , Lehigh University (dacb@lehigh.edu)

Job Performance, Auditing, and Executive Compensation

Mihai Badescu, Lehigh University (mibd@lehigh.edu) and JamesDearden, Lehigh University (jad8@lehigh.edu)

Discussants:

Jason Hockenberry, Lehigh University (jmhc@lehigh.edu)

Edward J. Timmons , Lehigh University, (ejt2@lehigh.edu)

Dana Costea , Lehigh University (dacb@lehigh.edu)

Mihai Badescu , Lehigh University (mibd@lehigh.edu)

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[184] HISTORY OF MACROECONOMICS (JEL Code B)
Session Chair: Roger McCain, Drexel University, (mccainra@drexel.edu)

Tobin, Globalization, and Capital Flows

Robert W. Dimand, Brock University (dimand@brocku.ca)

An Early Supply-Demand Side Controversy: Petty, Law and Cantillon

John Berdell, DePaul University (jberdell@depaul.edu)

Alternative Ways of Understanding Income Distribution in Macroeconomics: Assessment of the Explanatory Ability of the Reality and Technical Limitation

Ryoko Kakutani, The New School for Social Research (kakur326@newschool.edu)

Discussants:
Roger McCain, Drexel University, (mccainra@drexel.edu)

Robert W. Dimand, Brock University (dimand@brocku.ca)

John Berdell, DePaul University (jberdell@depaul.edu)

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[185] WEALTH INEQUALITY AND ECONOMIC WELL-BEING
Session Organizer: Ajit Zacharias, Levy Economics Institute of Bard College (zacharia@levy.org)
Session Chair: Scott Carter, The University of Tulsa (scott-carter@utulsa.edu)

Household Wealth and the Measurement of Economic Well-Being in the United States
Edward Wolff, Levy Economics Institute of Bard College and New York University and
Ajit Zacharias, Levy Economics Institute of Bard College (zacharia@levy.org)

Estimating the World Distribution of Household Wealth
James B. Davies, University of Western Ontario (jdavies@uwo.ca); Susanna Sandstrom, WIDER-United Nations; Anthony Shorrocks, WIDER-United Nations; and
Edward Wolff, Levy Economics Institute of Bard College and New York University

Grandparent Wealth and Children's Life Chances: A Treatise on the Extended Family
Ngina Chiteji, Skidmore College (nchiteji@skidmore.edu)

Discussants:

Brian Bucks, Board of Governors of the Federal Reserve System (brian.k.bucks@frb.gov)

Laura M. Argys, University of Colorado at Denver (Laura.Argys@cudenver.edu)

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[186] MATHEMATICAL AND QUANTITATIVE METHODS: HYPOTHESIS TESTING (JEL Code C)

Session Chair: TBA

Testing ARCH Parameter with Extreme Value: An Exploratory Note

Aram Balagyan, The City University of New York (abalagyozyan@gc.cuny.edu) and Christos Giannikos, Baruch Collegeand Barry Ma, Baruch College

The Hausman Test in Count Data Models

Viera Chmelarova, Sam Houston State University (vxc001@shsu.edu) and R. Carter Hill, Louisiana State University

Sign Cointegration Tests

Yujin Oh, University of Seoul (ohyj@ewhain.net); Kyue-SookHan, University of Seoul; and BeongSooSo, Ewha Womans University

Discussion among participants.

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[187] STUDIES OF TAX POLICY AND INTERTEMPORAL CHOICE

(JEL Codes D, E, H)

Session Chair: Ding Ding, Cornell University (dd99@cornell.edu)

Are U.S. State and Local Governments Consumption Smoothers?

Maria C. Kula, Roger Williams University (mkula@rwu.edu)

The Dynamic Effects of Tax Policy

Young Cheol Jung, University of Ottawa (yjung068@uottawa.ca)

Optimal Government Debt Structure Without Commitment

Ding Ding, Cornell University (dd99@cornell.edu)

Optimal Retirement and Saving in an Intertemporal Model

Sanjay Paul, Elizabethtown College (pauls@etown.edu)

Discussion among participants.

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[188] CAPITAL FLOWS (JEL Code F)

Session Chair: Paul M. Comolli, University of Kansas (pcomolli@ku.edu)

International Capital Mobility with an Endogenous World Interest Rate

Paul M. Comolli, University of Kansas (pcomolli@ku.edu)

Capital Flows and Floating Exchange Rates: Evidence from Australian Dollar, Canadian Dollar and the U.S. Dollar in a Structural VAR Model

Wei Sun, Grand Valley State University (sunw@gvsu.edu)

Growth and Foreign Asset Accumulation: The Question of China

E. Tani Fukui, UCLA (tfukui@ucla.edu)

Discussants:

E. Tani Fukui, UCLA (tfukui@ucla.edu)

Paul M. Comolli, University of Kansas (pcomolli@ku.edu)

Christopher F. Clark, Georgia College & State University (Christopher.clark@gcsu.edu)

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[189] STUDIES OF TRADE (JEL Code F)

Session Chair: Esen Gurtunca, University of Indianapolis (egurtunca@uindy.edu)

Some Observations on Comparative Advantage

Eugene McManus, City University Trencin (Genothegreat2003@yahoo.com)

Amoskeag Paradox

Arthur M. Kenison, Saint Anselm College (akenison@anselm.edu) and Michael J. McGuiness, Saint Anselm College

Rethinking the U.S. Current Account Sustainability: A Post Keynesian View

Yan Liang, Simon’s Rock of Bard College and University of Missouri-Kansas City (yliang@simons-rock.edu)

Shareholder Response to WTO-Authorized Retaliation

Benjamin Liebman, St. Joseph’s University (bliebman@sju.edu) and Kasaundra Tomlin, Oakland University

Discussion among participants.

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[190] EDUCATIONAL ENROLLMENTS, LABOR MARKETS, AND PEER EFFECTS (JEL Code I)

Session Chair: Li Feng, State University of New York at Fredonia (Li.Feng@fredonia.edu)

Money Changes Everything: Funding Shocks and Optimal Admissions and Financial Aid Policies in Higher Education.

Matthew G. Nagler, Lehman College/CUNY (matthew.nagler@lehman.cuny.edu)

A Longitudinal Analysis of Teacher Mobility: Intra-district Moves, Inter-district Moves and Departure Decisions

Li Feng, State University of New York at Fredonia (Li.Feng@fredonia.edu)

Why the Identified Peer Effects in Higher Education are So Weak

Li Han, Harvard University and Tao Li, Shanghai University of Finance and Economics (litaoonline@gmail.com)

Discussants:

TBA

Li Feng, State University of New York at Fredonia (Li.Feng@fredonia.edu)

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[191] STUDIES OF LATIN AMERICA AND ASIA (JEL Code O)

Session Chair: Miguel D. Ramirez, Trinity College (Ramirez@trincoll.edu)

Is FDI Productive in the Latin American Case? A Panel Unit Root and Panel Cointegration Analysis

Miguel D. Ramirez, Trinity College (Ramirez@trincoll.edu)

Economic Growth in Latin America and Asia: A Panel Data Investigation (1980-2004)

Flavio Vieira, Federal University of Uberlandia (flaviovieira@ufu.br)

Discussants:

Flavio Vieira, Federal University of Uberlandia (flaviovieira@ufu.br)

Miguel D. Ramirez, Trinity College (Ramirez@trincoll.edu)

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[192] THE ECONOMIC COSTS OF TERRORISM AND NATIONAL SECURITY (JEL Codes F, O)

Session Chair: Nicolas Sanchez, Holy Cross College (nsanchez@holycross.edu)

The Effect of Increased Security Cost on Canada-U.S. Trade

Neal E. Duffy, Plattsburgh State University (neal.duffy@plattsburgh.edu)

Terrorist Risk and FDI

Anthony Mancuso, Elon University; Cassandra Dirienzo, Elon University; and

Jayoti Das, Elon University (dastina@elon.edu)

Military R&D, Growth and the Optimal Allocation of Government Spending

Stefano Bosi, Center for Economic Policy Studies-University Paris-Evry, France and Thierry Laurent, Center for Economic Policy Studies-University Paris-Evry, France (Laurent@univ-evry.fr)

Discussion among participants.

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[193] PROPERTY TAXATION AND DEVELOPMENT (JEL Codes H, R)

Session Chair: Steven Cord, Indiana University of Pennsylvania (stevencord2000@yahoo.com)

Do Property Taxes Limit Open Space?

Dennis Heffley, University of Connecticut (Dennis.Heffley@uconn.edu) and EkatrinaD.Gnedenko, University of Connecticut

Do Urban Growth Controls Induce Tax Competition?

Laudo M. Ogura, Grand Valley State University (ogural@gvsu.edu)

A Tax That Has Already Promoted Economic Development: 23 Empirical Studies

Steven Cord, Indiana University of Pennsylvania (stevencord2000@yahoo.com)

Discussants:

TBA

Steven Cord, Indiana University of Pennsylvania (stevencord2000@yahoo.com)

Molly F. Sherlock, The Graduate Center CUNY (msherlock@gc.cuny.edu)

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[194] STUDIES OF HOUSEHOLD PRODUCTION (JEL Codes D, J)

Session Chair: TBA

Will You Covenant Marry Me? A Look at a New Type of Marriage

Amanda J. Felkey, Lake Forest College (felkey@lakeforest.edu)

How Large are Economies in Household Production for Couples?

Victoria K. Vernon, SUNY FIT (Victoria_vernon@fitnyc.edu)

Husbands, Wives and the Peculiar Economics of Household Public Goods

Amanda J. Felkey, Lake Forest College (felkey@lakeforest.edu)

Discrimination and the Married Men's Wage Premium: Further Evidence from California

Amy B. Schmidt, Saint Anselm College (aschmidt@anselm.edu)

Discussants:

Amy B. Schmidt, Saint Anselm College (aschmidt@anselm.edu)

Amanda J. Felkey, Lake Forest College (felkey@lakeforest.edu)

Victoria K. Vernon, SUNY FIT (Victoria_vernon@fitnyc.edu)

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[195] FISCAL POLICY DEBATES (JEL Code E)

Session Organizer: Joelle Leclaire, Buffalo State College, SUNY (leclaijj@buffalostate.edu)
Session Chair: Giuseppe Fontana, University of Leeds (gf@lubs.leeds.ac.uk)

Fiscal Policy and the Modern Phillips Curve Debate: What Would Keynes Say?

Ted Schmidt, Buffalo State College, SUNY (schmidtp@buffalostate.edu)

The Theory of Institutional Change and its Application to Budget Deficits
Zdravka Todorova, Wright State University (Zdravka.todorova@wright.edu)

The "Real" Deficit Debate: Government Bonds and Interest Rates
Joelle Leclaire, Buffalo State College, SUNY (leclaijj@buffalostate.edu)

Discussants:

Giuseppe Fontana, University of Leeds (gf@lubs.leeds.ac.uk)

Victor Kasper, Buffalo State College, SUNY ( kasperv@buffalostate.edu)

Jan Kregel, United Nations Department of Economic and Social Affairs (retired) and University of Missouri-Kansas City ( Jankregel@yahoo.com)

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[196] OMICRON DELTA EPSILON SESSION

Session Organizer and Chair: Michael Szenberg, Pace University

(mszenberg@pace.edu)

A Marketing Perspective of Purchase Attitudes and Intentions: An Analysis of Selected Factors that may Impact Potential Consumer Buying Behavior

Lawrence M. Bellman, Yeshiva University (lbellman@aol.com)

Measuring the Effectiveness of Anti-Counterfeiting Strategies

Alan Zimmerman, College of Staten Island, City University of New York (szimmerman@zimmymail.com); Peggy Chaudhry, Villanova University; and John Peters, College of Staten Island, City University of New York

Growth Stocks and Momentum

Susana Yu, Montclair State University (yus@mail.montclair.edu)

Studies of Value at Risk for Stock Returns

Elena Goldman, Lubin School of Business, Pace University (egoldman@pace.edu) and

Michael Livshitz, Lubin School of Business, Pace University

Macroeconomic Dimensions and Residential Construction

Marina Slavina, Cohort MBA Program, Pace University (ms34802n@pace.edu); Chris Vinci, Cohort MBA Program, Pace University; Chris Chen, Cohort MBA Program, Pace University; and Anders Edvardsen, Cohort MBA Program, Pace University

The Aesthetics of Research

Michael Szenberg, Lubin School of Business, Pace University (mszenberg@pace.edu)

Discussants:

Surendra K. Kaushik, Pace University (skaushik@pace.edu)

Lawrence M. Bellman, Yeshiva University (lbellman1@aol.com)

Elena Goldman, Lubin School of Business, Pace University (egoldman@pace.edu)

Alan Zimmerman, College of Staten Island, City University of New York (szimmerman@zimmymail.com)

Cathyann D. Tully, Kean University (ctully@kean.edu)

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[197] IPE SESSION

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[198] POST KEYNESIAN MONETARY POLICY (JEL Code E)

Session Organizers: Louis-Philippe Rochon, Laurentian University (lprochon@laurentian.ca) and Roy Rotheim, Skidmore College ( rotheim@skidmore.edu)

Session Chair: Louis-Philippe Rochon, Laurentian University (lprochon@laurentian.ca)

Monetary Policy in a Kaldor-Pasinetti-Sraffa-Keynes Model with Endogenous Money

Peter Docherty, University of Technology Sydney (peter.docherty@uts.edu.au)

Aim and Scope of European Monetary Policy: A Critical Assessment

Claude Gnos , University of Burgundy, Dijon (claude.gnos@u-bourgogne.fr)

and Sergio Rossi, Universita di Lugano (sergio.rossi@lu.unisi.ch)

The Effects of International Capital Flows on Prices in Emerging Countries within an Endogenous Monetary Framework

Noemi Levy Orlik, Universidad Autonoma Metropolitana (levy@servidor.unam.mx)

Discussants:

Louis-Philippe Rochon, Laurentian University (lprochon@laurentian.ca)

Roy Rotheim, Skidmore College (rotheim@skidmore.edu)

TBA

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USBIG Session 10: BIG vs. Alternatives(JEL Codes H, I)

Session Organizer: USBIG Network

Session Moderator: James B. Bryan, Manhattanville College (bryanj@mville.edu)

A Debate: Income Guarantees vs. Job Guarantees

Philip Harvey, Rutgers School of Law (pharvey@camden.rutgers.edu) vs. Karl Widerquist, Tulane University (karl@widerquist.com)