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Student Journal of Economics - Second Edition

The Journal of Economics is an on-going student-led publication at the University of Oklahoma dedicated to developing scholarship in Economics and related fields at the undergraduate and graduate levels.

Letter from the Editors of the Second Edition

Dear Readers,

Thank you for reading the second edition of the OU Economics Journal. We appreciate your commitment to the journal, as students, faculty, and general admirers of economics. We are proud that we can enrich the research lives of OU students and showcase the outstanding work they produce.

This year, we received a large number of submissions. As is the case for most journals, the selection process was difficult, but we are excited by the quality of papers and the diversity of topics represented. We chose to publish a smaller number of papers this year in order to uphold the spirit of the journal. There are four publications below that accurately demonstrate the talent of OU students both within and outside the Economics Department.

We would like to take this opportunity to thank everyone who submitted work this year, the members of the editorial board, our faculty advisor, Dr. Kevin Grier, and our staff advisor, Buchanan Vrazel. Finally, we would like to thank you, the reader, for you interest in economics research at OU. The journal would not be possible without you, and we are sincerely grateful.

Warm regards,

Jonathan Kim and Nicole Smith

Lead Editors

2016-17 Finalist Papers (in alphabetical order):

Overlooking the Gray: The Need for Greater Nuance in Studying Ukraine's Economic Landscape (PDF)

Luke Bartz

Gone With the Wind? Reinterpreting Economic Viability and the Interregional Impact of the Antebellum Southern Slave System (PDF)

Marisa Kometas

Executive Compensation in Africa (PDF)

Jay Maier

Residential Segregation: Indices, Statistics, Effects, and Policies (PDF)

Alex Nongard

Editorial Staff - Second Edition

Lead Editors

Jonathan Kim

Jonathan Kim is a junior from Plano, Texas working on a double major in math and economics. In addition to his work on the journal, he serves as President of the Economics Club and Chair of Internal Events for the College of Arts and Sciences Leadership Scholars. He also enjoys attending events hosted by the Honors College and the Classic Films Club.

Some of Jonathan's other activities include studying abroad in Clermont-Ferrand, France in 2016 and attending the Summer Institute for Training in Biostatistics at the University of Minnesota in 2017. His current post-graduation plan is to attend a graduate program in either economics or statistics.

Nicole Smith

Nicole Smith is pursuing her Master of Arts in International Studies with a focus on economic development in Africa. Her thesis, “The Dynamics of Identity in Determining French Foreign Aid,” investigates how French bilateral aid is determined by colonial relationships and the policy of Françafrique. She received her Bachelor of Arts in Economics and Religious studies with Honors and a minor in French in May 2015 from the University of Oklahoma.

During her time as an undergrad, Nicole was actively involved in the Economic Club, Campus Activities Council, and President’s Leadership Class. She also served as the Regional Affairs intern for the Federal Reserve Bank of Kansas City in downtown Oklahoma City. As a graduate student, Nicole has attended a variety of conferences including the University of Nebraska’s European Studies Conference and the Midwestern Political Science Association. In addition to her editor duties, she serves as secretary for the International Studies Graduate Association.

Nicole also works as a research assistant for World Neighbors, a nonprofit organization in Oklahoma City that focuses on sustainable development. She also volunteers with the Spero Project, where she tutors English to refugees from Burma, Iraq, and the Democratic Republic of the Congo.

After graduation in May, Nicole will continue to be a life-long student and will pursue a Master of Arts in Quantitative Methods for Social Sciences at Columbia University.

Editorial Board Members

Nela Mrchkovska

Nela Mrchkovska is pursuing a Master of Arts in International Studies with a focus on economic development in Southeastern Europe. She is originally from Skopje, Macedonia. She received her Bachelor of Arts in Finance with a minor in Risk Management and Insurance from the University of Central Oklahoma in May 2015. Currently, she is a treasurer of the International Studies Graduate Association.

Nela’s interest in economics started with her desire to contribute to the development of her home country, Macedonia. She is currently working on research that analyzes cultural norms and their influence on the economic development in the Balkans. This summer, she will be working as an intern for the Macedonian Center for International Cooperation, conducting research on Western Balkan civil society organizations and their role in eradicating poverty and encouraging global justice. She will be also conducting a field research on cultural norms and economic development in Macedonia.

Outside of economics, Nela likes learning new foreign languages. Upon completing her Masters program in May 2018, she plans to potentially pursue a PhD in Development Economics.

Jesse Coker 

Jesse is a senior from Nasvhille, TN graduating in May with a B.S in Biochemistry and a B.A in Economics. He will be pursuing a research doctorate at Oxford University in Structural Biology and Protein Science, but he will always miss his time as an armchair economist.

Journal of Economics - First Edition

Enjoy the first edition of the Student Journal of Economics!  

Letter from the Editors of the Inaugural Edition

Dear Readers,

Thank you for reading the OU Economics Journal. This year marks the beginning or what we hope will become a longstanding tradition in the Economics Department, and one that will both enrich the research lives of OU students and showcase the outstanding work they produce.

As a new journal, we were thrilled to receive 22 responses for our call for submissions. The selection process was difficult, but we were excited by the quality of papers and the diversity of topics and methods represented. We chose to publish eleven papers by both undergraduate and graduate students, and students from within and outside of the Economics Department. In this way, we hope to promote interdisciplinary research that remains rooted in sound economic theory and techniques, and that will increase students’ perspectives on the applications of economics and its value as a discipline.

We would like to take this opportunity to thank everyone who submitted work this year, the members of the editorial board, our faculty advisor, Dr. Kevin Grier, and our staff advisor, Buchanan Vrazel. Finally, we would like to thank you, the reader, for your interest in, and support of, economics research at OU. This journal would not be possible without you, and we are sincerely grateful.

Best regards,

Laura Kincaide and Nicole Smith
Lead Editors

Short Papers:

The Equity Home Bias: Why do Investors Prefer Domestic Investments? (PDF)

Eihab Khan

Volcker: A Comparison of Service between Two Presidencies (PDF)

Derrick Jones

 

Long Papers: 

Post-Soviet Economic Development in Poland and Ukraine: Common Trials, Divergent Paths (PDF)

Luke Bartz

Asian American Discrimination in Ivy League Admissions (PDF)

Brian Donnelly

The Economic Impact of EU Enlargement on Former Eastern Bloc Countries (PDF)

Laura Kincaide

Causes of Irregular Labor in South Korea (PDF)  Appendix (PDF)

Franklin Otis

Investing in Opportunity: Investing in Sustainable Growth in Emerging Markets (PDF)

Sean Templemore-Finlayson

America and Sweden: Two Tales of School Choice (PDF)

Cait Walsh

 

Graduate Papers:

Application of ARIMA and GARCH Models in Forecasting the Natural Gas Prices (PDF)

Said Hosseinipoor, et al.

Integrating Turkish Immigrants into the German Labor Force (PDF)

Stefanie Neumeier

Is Joining the European Union a Good Thing?
A Synthetic Control Testing the Effects on the Slovak Republic
(PDF)

Nicole Smith

 

Editorial Staff - First Edition


Lead Editors

Laura Kincaide

Laura Kincaide is a senior graduating summa cum laude with dual degrees in Economics and Letters and minors in Russian and Mathematics. In her final year at OU she was inducted into Phi Betta Kappa, earned a place on the Letzeiser Honor List, and was selected as the Economics banner carrier for the Spring Convocation ceremony.

In addition to excelling academically at OU, Laura held a prestigious internship with the U.S. Department of State at the embassy in Tallinn, Estonia, and will be abroad again this summer to participate in the Critical Language Scholarship Program, one of nation’s most competitive intensive language programs.

Laura’s main area of interest is the political and economic development of the post-Soviet space, and next year she will begin her graduate work at the University of Chicago. Although she is extremely excited for this next step, Laura will miss OU dearly, and would like to thank all of the people who have helped make her undergraduate career so rewarding, especially Dr. Robin Grier, Dr. Kevin Grier, and Sophia Morren.

Nicole Smith

Nicole Smith is currently pursuing a Master of Arts in International Studies with a focus on Economic Development in Africa. She received her Bachelor of Arts in Economics and Religious Studies with Honors and a minor in French in May 2015 from the University of Oklahoma.

During her time as an undergrad, Nicole was actively involved in the Economics Club, Campus Activities Council, and President’s Leadership Class. She also served as the Regional Affairs intern for the Federal Reserve Bank of Kansas City in downtown Oklahoma City immediately after graduation.

This summer, Nicole will be visiting South Africa to work on a monitoring and evaluation project an NGO. Upon returning, she will analyze survey data to aid in the grant writing process. She is also interning at World Neighbors in OKC, an organization who focuses on livelihood development.

Upon completing her thesis on transitions to independence of former French colonies, Nicole plans to pursue a Fulbright research grant and serve a tour in the Peace Corps. Following this, Nicole hopes to do field research and potentially pursue a Ph.D. in development economics.

Editorial Board Members

Wade Craig

Wade Craig is a senior double majoring in chemical biosciences and economics with minors in philosophy and Spanish. He is vice president of OU Students For Liberty and the Students For Liberty Great Plains Regional Director.After graduating in May of 2016, he plans to begin studying for a Ph.D. in economics at George Mason University in Fairfax, Virginia.

 His economic interests include market process theory, growth and development, and law and economics. His intellectual influences include F. A. Hayek, Israel Kirzner, Deirdre McCloskey, and Adam Smith. Outside of economics, he has interests in philosophy and foreign languages, especially ethical theory and acquisition of unusual but popularly spoken languages.

Brian Donnelly

Brian Donnelly is a senior graduating with a degree in Economics with a minor in German. He is from Broken Arrow, Oklahoma, but attended Subiaco Academy in Arkansas for high school. He is the youngest of five children, and the second son to attend the University of Oklahoma.

 His greatest experience while at the University of Oklahoma was the opportunity he received to study abroad in Stuttgart, Germany for six months. While at the University of Oklahoma, he discovered passion for learning foreign languages, especially German. He also has developed a strong interest in environmental issues, specifically the practical implementation of low-carbon energy on a large scale, and how it all relates to economics.

 Following graduation in May, he hopes to attend Army Officer Candidate School at Fort Benning, Georgia and become a Ranger qualified infantry officer.

Jonathan Kim

Jonathan Kim is a junior from Plano, Texas working on a double major in math and economics. He is also the President of the Economics Club, an active member of the Honors College, and a bassoon player for the Concert Band. After graduation, he plans on pursuing a Ph.D. in economics with long-term plans of working in academia or for the Federal Reserve.

Prior to discovering the joys of economics, Jonathan’s primary interest was creative writing. He was an editor for his high school’s literary magazine for two years and participated in several student writing contests hosted by the Poetry Society of Texas. He currently acts as a sponsor and judge for those same contests.

Jonathan’s first encounter with economics as a field of study came in his sophomore year of college when he read Levitt and Dubner’s Freakonomics. Amazed by the incredible applications of the subject, he checked out every economics book from his local library, ready to abandon writing and embrace the world of supply and demand. However, he found that his eyes would glaze over with boredom after reading only a few pages of the books, which were less engaging than Freakonomics, and he quickly returned to being a writer. It wasn’t until he took AP Macroeconomics his senior that he was able to appreciate the more prosaic side of economics; by the time he enrolled for his Fall semester classes with OU, he was a declared economics major.

Jonathan has enjoyed his time studying economics and is grateful for the chance to participate in the launch of this journal.