Journal of Economics - First Edition

The Journal of Economics is a 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 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

Nicole Smith


Editorial Staff

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.