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The Marginalist a PUBLICATION of the ECONOMICS STUDENT ASSOCIATON Southern Illinois University, Department of Economics 2016 ISSUE

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The Marginalist a PUBLICATION of the ECONOMICS STUDENT ASSOCIATON Southern Illinois University, Department of Economics 2016 ISSUE The Marginalist A PUBLICATION OF THE ECONOMICS STUDENT ASSOCIATON Southern Illinois University, Department of Economics 2016 ISSUE Letter from the Chair Greetings from Carbondale! Senate and was elected to As far as I can recall, the department the Graduate Council. always mailed the Marginalist in the late Professor Alison Watts or early spring. But this year, for various completed her three-year term on the Graduate reasons, the Marginalist has been Inside this Issue: delayed. We had a very mild winter and a Council, and Professor Greeting from the Chair ......... 1-2 long beautiful spring, but we are now Chifeng Dai is serving a two- Ph.D. Graduates ....................... 2 going through a few weeks of hot year term on the College of GS Pubs/Presentations ............ 3 weather. Liberal Arts Council. Thus, Alumni Updates .................... 4-5 GS Teacher of the Year ............ 6 the economics faculty are being busy in the Scholarships and Awards ........ 6 In spite of budget and enrollment issues Faculty News ............................ 7 at your alma mater, the department is department as well as very Vandeveer Speaker Series ....... 8 doing great. Professor Sajal Lahiri, the active in serving on the Vandeveer Chair professor, is the university/collegewide recipient of the 2016 university-level committees. In April 2015, I Scholar Excellence Award. He finished testified (along with SIU his three-year term on the Faculty President Randy Dunn and The Marginalist is published Dr. Kyle Harfst, executive annually by the Economics director of the SIU Research Student Association in Park and of economic conjunction with the SIU development) to the state Cabondale Department of Economics Senate Appropriations Committee on the SIU Erick Kitenge Carbondale campus Editor regarding the economic Dr. Subhash Sharma impact of the proposed state Faculty Advisor budget cuts to the region. Monica Russell The local newspaper, The Administrative Support Southern Illinoisan covered the testimony in a front page Department of Economics Faner 4121 - Mail Code 4515 story. The link to article is: Southern Illinois University http://goo.gl/K6B0MV 1000 Faner Drive Carbondale, IL 62901 Our department is the most Phone: 618/536-7746 international department on Fax: 618/453-2717 campus. During the 2015- cola.siu.edu/economics/ 2016 academic year we had graduate students from 22 countries, and during the last 10 years I can recall that we always had students from at least 15 countries. Thus we have many very have made a major impact on the lives of so many of successful and famous alumni around the world. This our students. year the biographies of two of our very successful alumni are included in this issue: Southern Methodist Many of you contribute quite generously to our University professor Ravi Batra and Arizona State alumni fund, and some of you have been contributing University vice provost Arthur Blakemore. regularly to it. I sincerely thank you for your contributions. This money has been used to provide In spite of a decrease in enrollment of 6,000 to 6,500 cash awards to our undergraduate students at the students at SIU Carbondale during the last 15 years, Honor’s Day ceremony, and to provide some support the enrollment in the department at the graduate and for travel to meetings for our graduate students. This undergraduate levels has stayed fairly steady. We support is very much appreciated by our students. have 45 to 50 graduate students and an equal number of economics majors. During the last 10 years, on I would like to list information about all of our alums average, the department graduated six Ph.D. students (Ph.D., M.A., M.S. and B.S.) on our website. It will and five master’s students per year. As always, the allow all of us to stay in touch with each other, and department faculty is regularly publishing in referred also will allow the department’s prospective students journals. During 2015-2016, the department graduated to see what our graduates have been able to ten Ph.D. students, and all have received job offers so accomplish with their degrees. I would appreciate it if far. you can update your information on the department web page by using the following link: The students in the department are fortunate to have http://cola.siu.edu/economics/alumni/keep-in- a variety of scholarships available to them. These touch.php. I am always interested in hearing from scholarships include: the Thomas and Chany Chung you. Please feel free to contact me via email at Scholarship; the Glen W. and Cornelia Y. Miller [email protected], or by phone at 618/453-5082. Scholarship; the Garret A. and Susan J. Pierce Scholarship; and the Elizabeth Goyak Endowed Scholarship that was started last year. The Subhash C. Sharma, professor and chair department is very grateful to the individuals who July 21, 2016 have endowed these scholarships. These scholarships Scholarships and Awards Thomas and Chany Chung Scholarship Glenn W. and Cornelia Y. Miller Scholarship Undergraduate Samuel Brittingham Ryan Hilgen James Garrett Russell Jasser Reyes Portillo Justin Jackson Austin Schultz Tabitha Juneau Michael Serna Garrett E. and Susan J. Pierce Scholarship Michal Kianicka Binbin Shen Austin Schultz Kenneth King Nicholas Tyrell Rishonda Napier Lakshila Wanigasinghe Outstanding Seniors Wilder Pimentel Basurto Andre Luiz do Nascimento Nicholas Tyrell Brilhante Lakshila Wanigasinghe Graduate Ishraq Ahmed Sungida Rashid Outstanding Junior Genevieve Alorbi Shucui Zheng Michael Serna Assyad Al-wreikat 2 Faculty News: Accomplishments in 2015-2016 Dr. Scott Gilbert “Pollution, foreign direct investment, and welfare,” Publications: Research in Economics, 2015 (with Yoshiyasu Ono). “Worklife,” forthcoming in Harvard Economics “Financing Growth through Foreign Aid and Private Revew. Foreign Loans: Nonlinearities and Complementarities,' “Evidence from Structural and Factor-Augmented Journal of International Money and Finance, 2015 (with VAR Analyses,” with MD Rafayet Alam, forthcoming in Subhayu Bandyopadhyay and Javed Younas). Agricultural Economics. “Potential Pareto-improving Move Towards Most “Banks, Development, and Tax,” with Bojan Ilievski, Favored Nation Tariffs' forthcoming in Economic forthcoming in Quarterly Review of Economics and Inquiry (with P. Silva). Finance. Presentations: Dr. Andrea Sorensen “Risk and the Present Value of Future Earnings,” Publications: paper presented at the Allied Social Sciences “Asymmetry, Uncertainty, and Limits in a Binary Associations meeting, Boston, MA (January 2015). Choice Experiment with Positive Spillovers”, Journal of Economic Behavior and Organization, 116, 2015, 43- Dr. AKM Mahbub Morshed 55. (August 2015). Publications: “International Migration, Migrant Stocks, and Dr. Kevin Sylwester Remittances: Reexamining the Motivations to Remit,” Publications: Quarterly Review of Economics and Finance, Vol. 57, “Does Democracy Promote the Rule of Law?” pp. 101-115, 2015 (with Sokchea Lim). Journal of Economic Development, 40, 2015, 63-92. Paper Presentations: (with A. Assiotis) . “Unconditional Convergence of Labor Productivity in “Market Competition and Corruption,” World the Service Sector,” (with Bisrat Kinfemichael) Development, 66, 2015, 487-499. (with A. Diaby). Department of Economics, Northern Illinois University, “Does Law and Order Attenuate the Benefits of DeKalb, Illinois Midwest Econometrics Group Meeting, Democratization?” Economica, forthcoming, (with A. Federal Reserve Bank of St. Louis, St. Louis, MO Assiotis). (October 2015). “Does Democratization Increase Growth More in “Inequality in Landownership and Real Wage.” New Countries” Economics and Politics, forthcoming. Midwest Economics Association Annual Meeting, Chicago, IL (March 2014). “Fiscal Policy in a Small Open Economy with Cross- Dr. Alison Watts Border Labor Mobility,” (with Sokchea Lim). Grant Awarded: "Efficient Temporal-Spatial Sharing Association of Public Economic Theory Conference through Voluntary Exchange", Xiangwei Zhou and 2014, Seattle, WA (July 2014). Alison Watts (Co-PIs), NSF (SES 1343380), award of $896,629 for 9/15/2013 to 8/31/2017. Dr. Sajal Lahiri Presentations: “Opting out of Buyer-Seller Networks,” Spring 2015, Presentations: Midwest Economic Theory Meetings at Ohio State “Foreign penetration and domestic competition,” University. presented at the Seventeenth Annual Conference, 10- “Opting out of Buyer-Seller Networks,” August 2015, 12 September, 2015 at the Université Paris 1 Panthéon the 11th World Congress of the Econometric Society, -Sorbonne, France. Montreal. Publications: “Promoting Trade Liberalization: Theoretical analysis “Opting out of Buyer-Seller Networks,” of foreign aid as prize,’’ Review of Development September 2015, Conference in honor of Hervé Economics, 2015 (with Malokele Nanivazo). Moulin in Marseille, France. 3 Alumni Update - Dr. Ravi Batra Dr. Raveendra N. Batra (“Ravi” (1987). “The great depression of 1990: Why it's got Batra) received his Ph.D. in 1969 to happen - How to protect yourself.” New York: from the Department of Simon & Schuster. ISBN 9780671640224; 4) Batra, Economics at Southern Illinois Raveendra (1989). “Regular economic cycles: University Carbondale and is one money, inflation, regulation and depressions.” New of the most distinguished world York: St. Martin's Press. ISBN 9780312032609; 5) renowned alumni of the Batra, Raveendra (1989). “Studies in the pure theory department. Batra’s main areas of international trade.” New York: St. Martin's Press. of interest are
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