2018 kentucky economic association conference...
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2018 Kentucky Economic Association
Conference Program
Friday, October 12, 2018
Centre College
kentuckyeconomicassociation.org
LOCATION AND DIRECTIONS The conference is being held on Centre College’s campus in Danville, Kentucky. Parking is provided in the South Beatty lot identified by arrow 1 on the map below. The address is 209 South Beatty Ave., Danville, Kentucky 40422. The registration booth and all conference sessions will be held in Young Hall, a short walk from the parking lot. Enter Young Hall from the front of the building as identified by arrow 2 below. The luncheon and plenary session will be in Old Carnegie, identified by arrow 3.
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KENTUCKY ECONOMIC ASSOCIATION Officers and Board of Directors
Alex Lebedinsky
President Western Kentucky University
John J. Perry
President-Elect and Program Chair Centre College
Michael Jones
Treasurer Office of State Budget Director
Jeff Florea Secretary
Madisonville Community College
Alan Bartley Editor, The Journal of Applied Economics and Policy
Transylvania University
Cathy Carey Webmaster
Western Kentucky University
Board of Directors
2015 - 2018 2016-2019 2017-2020 Abdullah Al-Bahrani Melanie Fox Joshua Pinkston
Thomas Jones Volker Grzimek Rohnn Sanderson Daniel Vazanna Carlos Lopez Abdul Turay
Undergraduate Committee
Abdullah Al-Bahrani (Chair), Melanie Fox, Abdul Turay, Volker Grzimek
Please thank Cengage Learning and John Carey for sponsoring the Undergraduate Best Paper Award
2018 KENTUCKY DISTINGUISHED ECONOMIST
Frank O’Connor Professor of Economics, Emeritus
Eastern Kentucky University Frank O'Connor has been a professor of economics at Eastern Kentucky University since 1989, and served as chair of the department from 1989 until 1997. Previously, he served on the faculty of Pennsylvania State University, University of Iowa, and Western Carolina University. He is a graduate of the National University of Ireland (Dublin), has a Master’s degree from Penn State, and received his Ph.D. from the University of Minnesota. His work has been published in a number of journals, including the American Journal of Agricultural Economics, Econometrica, and the Journal of Human Resources. In recent decades, this work has focused on the quantitative study of the economy of Kentucky, its regions, and those of the neighboring states. The work includes regional macro-econometric models and models of regional variation in income level, poverty, and income distribution. Other topics include economic factors in the outcome of Presidential elections, the potential of dedicated energy crops in central Kentucky, and, most recently, mortality rates at mid-life. He has been a member of the Kentucky’s Consensus Forecasting Group since 1999.
CONFERENCE SCHEDULE
8:00 – 8:30
Registration and Light Breakfast (Young Hall Lobby)
8:30 – 9:45
Session I (Young Hall)
9:50 – 11:05
Session II (Young Hall)
11:10 – 12:25
Session III (Young Hall)
12:40 – 1:25
Lunch (Evans-Lively Room, Old Carnegie)
1:25 – 2:15
Awards & Speaker (Evans-Lively Room , Old Carnegie)
Frank O’Connor - Distinguished Kentucky Economist Sub-state Growth in the Lower Midwest and the Upper South
2:15 – 3:15
Plenary Session (Evans-Lively Room, Old Carnegie) Charles Hokayem Research Possibilities in the Kentucky Research Data Center
3:30 – 4:30 KEA Business Meeting (Young Hall, Room 101)
SESSION I
(8:30 – 9:45 AM) Session I-A (Undergraduate Session) Room: Young 112 Chair: Adbullah Al-Bahrani, Northern Kentucky University Presenters: Avelyn Heltzel, University of Kentucky Impact of Adolescent Arts Exposure on Long-term Success Dakota Langhals, Northern Kentucky University
The Effect of Predatory Lending Laws on Mortgage Pricing and Market Activity
Shelby Buckman, University of Kentucky
Effects of Shifts in the Local Tax Base on Economic Outlook: Evidence from Kentucky Cities
Session I-B Room: Young 101 Chair: Mike Clark, University of Kentucky Presenters: Shunan Zhao, Centre College Does Spillover Stimulate Productivity? A Firm-level Analysis Samuel Ingram, University of Kentucky Occupational Licensing and the Earnings Premium: A Border Approach Alex Lebedinsky, Western Kentucky University Effects of Terrorism on Stock Prices: Evidence from High-frequency Data Discussants: Sookti Chaudhary, University of Kentucky Mike Clark, University of Kentucky Xiaozhou Ding, University of Kentucky
Session I-C Room: Young 102 Chair: Maria Apostolova, Centre College Presenters: Christopher Biolsi, Western Kentucky University Do Shocks to Animal Spirits Cause Output Fluctuations? Alexander McGlothlin, University of Kentucky Mergers and Acquisitions of Craft Brewers Sabek Adham, Kentucky State University Estimating Demand for Kentucky Bourbon in Russia Discussants: Matthijs Schendstok, University of Kentucky Maria Apostolova, Centre College Bruce Johnson, Centre College
SESSION II
(9:50 – 11:05 AM) Session II-A (Undergraduate Session) Room: Young 112 Chair: Adbullah Al-Bahrani, Northern Kentucky University Presenters: Benjamin Logsdon, Centre College
Cobb-Douglas Production Function of NCAA Men’s Division I Basketball Winning Percentage
Frances Roorda, University of Kentucky
Econometric Analysis of the Volunteering Activity of University of Kentucky Students
Jack Berger, Transylvania University
Determinants of Foreign Direct Investment in a Panel of Asian Countries: A Fixed Effects Approach
Margaux Curless, Centre College Determinants of IMDb Scores for Television Shows
Session II-B Room: Young 101 Chair: Shunan Zhao, Centre College Presenters: Man Jin, Oakland University
Financial Constraints and Firm Productivity: Evidence from Chinese Manufacturing
Xiaozhou Ding, University of Kentucky Higher Education Expansion and Saving Rate in China
Matthijs Schendstok, University of Kentucky The Distributional Effects of Highways on Income
Discussants: Samuel Ingram, University of Kentucky Shunan Zhao, Centre College Christopher Biolsi, Western Kentucky University
Session II-C Room: Young 102 Chair: Eran Guse, Murray State University Presenters: Eran Guse, Murray State University
A General Technique to Teaching Monetary Policy in a Money and Banking Course
Cody Vaugn, University of Kentucky
Long-Run Impact of Welfare Reform on Educational Attainment and Family Structure
Eve Ann D. Jones, Kentucky State University
The Economics of Employee Engagement and Retention in a Financial Institution: A Case Study of First Federal Savings Bank of Kentucky
Discussants: Katherine Toran, University of Kentucky Mark Wilson, West Virginia State University Eran Guse, Murray State University
SESSION III
(11:10-12:25) Session III-A (Undergraduate Session) Room: Young 112 Chair: Melanie Fox Presenters: Connor Barnes, Centre College The Determinants of FBS Division I College Football Game Attendance Hanna Carlson, University of Kentucky
Client Protection Regulations for Microfinance Institutions in Ghana, Kenya, and Tanzania
Matt Frey, Northern Kentucky University
Regulatory Approaches or Incentive Approaches - A Comparison of the Effectiveness of Mandated Recycling Programs and Incentive Based Recycling Programs
Emily Dohrman, Centre College
The Effect of Fertility on Young Women's Educational Attainment: Evidence from the CFPI
Session III-B Room: Young 101 Chair: Mark Wilson, West Virginia State University Presenters: Sookti Chaudhary, University of Kentucky
Ambulance Service Ownership and Management: How it Affects Quality of Service Delivery for Medicare Patients
Mark Wilson, West Virginia State University College Student Loan Debt: Too High, Too Low, or About Right? Katherine Toran, University of Kentucky Does Medicare Part D Extend Lives? Medicare Part D and Mortality Discussants: Man Jin, Oakland University Cody Vaughn, University of Kentucky Alex Lebedinsky, Western Kentucky University
PLENARY SESSION
Evans-Lively Room, Old Carnegie 2:15 – 3:15 PM
Research Possibilities in the Kentucky Research Data Center
Charles Hokayem The Kentucky Research Data Center (KRDC) is a collaboration between the University of Kentucky and the U.S. Census Bureau established by a grant from the National Science Foundation in 2016. KRDC is part of the nationwide system of Federal Statistical Research Data Centers whose mission is to provide to qualified researchers access to restricted individual- and firm-level data from federal statistical agencies. Demographic, economic, business, and health data are among the various data accessible through KRDC. This presentation will describe the types of data available in KRDC along with examples of research projects that use this data.
Dr. Charles Hokayem is the Administrator for the Kentucky Research Data Center (KRDC) and an Economist in the Center for Economic Studies (CES) at the U.S. Census Bureau. Prior to joining KRDC and CES, Dr. Hokayem taught econometrics, math methods for economists, and financial economics at Centre College. He brings experience from his first tenure at the Census Bureau where he worked in the Social, Economic, and Housing Statistics Division. His research focuses on the low-income population and the importance of survey nonresponse in measuring poverty and inequality. He has published his research in journals such as Economics and Human Biology, the Journal of the American Statistical Association, and the Journal of Political Economy.
Index of Conference Participants
First Name Last Name Session(s) Email Address
Sabek Adham I-C adham.sabek@kysu.edu
Abdullah Al-Bahrani I-A, II-A albahrania1@nku.edu
Maria Apostolova I-C maria.apostolova@centre.edu
Connor Barnes III-A connor.barnes@centre.edu
Jack Berger II-A jrberger19@transy.edu
Christopher Biolsi I-C, II-B christopher.biolsi@wku.edu
Shelby Buckman I-A srbu237@uky.edu
Hanna Carlson III-A hanna.carlson@uky.edu
Sookti Chaudhary I-B, III-B sch333@g.uky.edu
Mike Clark I-B michael.clark@uky.edu
Margaux Curless II-A margaux.curless@centre.edu
Xiaozhou Ding I-B, II-B xiaozhou.ding@uky.edu Emily Dohrman III-A eadohrman@gmail.com
Melanie Fox III-A melaniefox9999@gmail.com
Matt Frey III-A freym2@nku.edu
Eran Guse II-C eguse@murraystate.edu
Avelyn Heltzer I-A avelyn.heltzel@gmail.com
Samuel Ingram I-B, II-B samuel.ingram@uky.edu
Charles Hokayem Plenary charles.hokayem@census.gov
Man Jin II-B, III-B mjin@oakland.edu
Bruce Johnson I-C bruce.johnson@centre.edu
Eve Ann D. Jones II-C veann.jones@kysu.edu
Dakota Langhals I-A langhalsd1@nku.edu
Alex Lebedinsky I-B, III-B alex.lebedinsky@wku.edu
Benjamin Logsdon II-A benjamin.logsdon@centre.edu
Alexander McGlothlin I-C alexander.mcglothlin@uky.edu
Frances Roorda II-A fero222@uky.edu
Matthijs Schendstok I-C, II-B mbsc229@uky.edu
Katherine Toran II-C, III-B katherine.toran@uky.edu
Cody Vaughn II-C, III-B cnva225@uky.edu
Mark Wilson II-C, III-B mark.wilson@wvstateu.edu
Shunan Zhao I-B, II-B shunan.zhao@centre.edu
Kentucky Economic Association Roll of Distinguished Economists
James Martin 1975 Price Fishback 1998
William Herzel 1976 James Ramsey 1999
Marlon Gillium 1977 Kerry Back 2000
Don Soule 1978 Eugene Steurle 2002
Clifton Lowry 1979 Margaret Walls 2003
Paul Tanner 1980 Merl Hackbart 2004
Damon Harrison 1981 Donald Kenkel 2005
Charles Haywood 1982 W. Kip Viscusi 2006
Charles Hultman 1983 Ralph d’Arge 2007
James Thompson 1984 John Whitehead 2008
Lawrence Lynch 1985 Glenn Blomquist 2009
Stephen Lile 1986 Jeffrey Lacker 2010
Roy Bahi 1990 Amitabh Chandra 2011
Jaunita Kreps 1991 James J. Heckman 2012
Ray Marshall 1992 Jerry R. Skees 2013
Paul McCracken 1993 Paul A. Coomes 2014
Benjamin Friedman 1994 La Vaughn M. Henry 2015
Alan Randall 1995 Eugenia F. Toma 2016
Gerald Lynch 1996 Kathryn H. Anderson 2017
Ronald Jones 1997 Frank O’Connor 2018
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