Research and Publications

William Casey

"Inward Foreign Direct Investments in the U.S.", An Empirical Analysis of their Impact on State Economies", Accepted for publication in a future issue of the Eastern Economic Journal.

"The Success of Ireland’s Foreign Investment Promotion Strategy: A Reconsideration", Paper to be presented at the Applied Academies International Conference, New Orleans, LA, April 14-16, 2010.

"U.S. Inward FDI Policy: The Need for Rethinking, Revision and Reform", Accepted for publication in the Journal of Applied Business and Economics, Volume 10, Number 4, February 2010.

"A Multidimensional Policy Approach to FDI-Simulated Economic Development", International Journal of Business and Economics Perspectives, Volume 4, Number 1, Summer 2009.

"U.S. Inward FDI Policy: The Need for Rethinking, Revision and Reform", Proceedings of the National Business and Economics Society (NBES), St. Kitts, March 11-14, 2009.

"A Multidimensional Policy Approach to FDI-Simulated Economic Development", Proceedings of the International Academy of Business and Public Administration Disciplines (IABPAD), Memphis, TN, October 26-29, 2008, Volume 5, Number 3.

"The Investment Diversion Effects of Regional Integration: A New Dimension to FDI Theory", Journal of International Business and Economics, Vol. VII, No. 1, 2007.

"FDI Theory and the Investment Diversion Effects of Regional Integration", Proceedings of the 2007 National Business and Economics Society (NBES) Conference, Rio Grande, Puerto Rico, March 5-8, 2007.

"Foreign Direct Investment as an Engine of Economic Development", Advances in Competitiveness Research, Vol.14, No.1, 2006.

Yunwei Gai

"Did Amaranth Advisors LLC Engage in Inter-day Price Manipulation in the Natural Gas Futures Market?" with John E. Marthinsen, Accepted and forthcoming, February 2010 in the Journal of Derivatives and Hedge Funds

"Did Amaranth’s Absolute, Relative, and Extreme Positions Affect Natural Gas Futures Prices, Spreads, and Volatilities?" with John E. Marthinsen, April 2010 in the Journal of Derivatives and Hedge Funds

"Association between Insurance Gaps and Continued Antihypertension Medication Usage in a US National Representative Population" with Ning Gu, American Journal of Hypertension, December 2009.

"Investment in Nutrition: A Global View of Donations in Direct Nutrition Intervention", Journal of Development Alternatives and Area Studies, Vol. 28, No. 1 2009 issue. Pages 226-269

"Pharmacist Consultation and Patient Medication Adherence" with Ning Gu, Pharmacy Practice, Volume 6 Issue 4, page 201-210, 2008

"Healthy Development: The World Bank Strategy for Health, Nutrition, and Population Results", chapter in the report from Health, Nutrition, & Population (HNP) Sector, World Bank, April 24 2007.

"The Effect of Pharmacist Consultation on Patient Medication Adherence: An Instrumental Variable Approach" with Ning Gu and Joel Hay Value in Health, Volume 10, issue 3, 2007: A184

"Government Health Expenditures and Health Outcomes" with Farasat Bokhari and Pablo Gottret, Health Economics, Volume 16, issue 3, 2007.

"Allocate Commercial Property for Small and Medium Business in Specific Crime Rate Area" with Minghui Shen, Proceedings of the Eighth West Lake International Conference on Small and Medium Business, ISBN: 978-0-646-46467-1, page 1323-1330, 2007

"Improving Health Outcomes" with Farasat Bokhari and Pablo Gottret, Book Chapter in Health Financing Revisited: A Practitioner’s Guide Washington, D.C.: The World Bank 2006.

Kent Jones

Reconstructing the WTO for the 21st Century: An Institutional Approach. New York: Oxford University Press, 2015.  Summary published at​

The Doha Blues: Institutional Crisis and Reform in the WTO. New York: Oxford University Press, 2009.


"Patterns of Representation in WTO Committee Chairs, 1995-2012" (with Yunwei Gai).  World Trade Review, vol. 14 (3) , July 2015, published online 20 October 2014.

"Joining the WTO: Why Does it Take So Long?"  (with Yunwei Gai). Open Economies Review, vol. 24 (4), pp. 695-716, 2013.  Published online October 19, 2012.

"Things Fall Apart: The End of the Postwar Trade Consensus in the Doha Round," World Economics, vol. 13 (4), October-December 2012.


"Education of Girls Vital to Moving Up the Trade Value Chain" (with Megan Way and Lidija Polutnik). Asia-Pacific Research and Training Network on Trade, Policy Brief no. 43, December 2014.  United Nations: Economic and Social Commission for Asia and the Pacific.​

John Marthinsen

Managing in a Global Economy: Demystifying International Macroeconomics, Second edition, Cengage, 2014.

Swiss Finance: Capital Markets, Banking, and the Swiss Value Chain,John Wiley & Sons, 2014, (coauthored with Drs. Henri B. Meier and Pascal A. Gantenbein).

Risk Takers: Uses and Abuses of Financial Derivatives, Prentice Hall, 2008.

 “Clarifying Volatility’s Effect on a Call Option’s Value in the Binomial Option Pricing Model,” International Research Journal of Applied Finance, September 2013: IV, Iss.9, pp., 1133 – 1152 (coauthored with Dr. Yunwei Gai).

“Four Paradoxes of the 2008/2009 Economic and Financial Crisis”, in Lessons from the Financial Crisis, Robert W. Kolb Editor, John Wiley & Sons, 2010: pp. 59-67.

“Did Amaranth’s Absolute, Relative, and Extreme Positions Affect Natural Gas Futures Prices, Spreads, and Volatilities? Journal of Derivatives and Hedge Funds,” 2010: 16, pp. 9–21 (coauthored with Dr. Yunwei Gai).

“Did Amaranth Advisors LLC Engage in Interday Price Manipulation in the Natural Gas Futures Market? Journal of Derivatives and Hedge Funds,” 2010: 15, pp. 261–273 (coauthored with Dr. Yunwei Gai).

“Derivative Scandals and Disasters”, in Financial Derivatives: Pricing and Risk Management, Robert W. Kolb and James A. Overdahl, Editors, John Wiley & Sons, Inc., 2010,  pp. 313 – 331.

“Buried Treasure: Risks and Value-Added from Using Corporate Treasuries as Profit Centers,” in Streben Nach Wertschöpfung (English translation: Pursuing Value Creation), 2006, Schwabe AG, Verlag, Basel, Weber-Thedy Corporate & Financial Communications, Zürich, pp. 178 – 197.

Kankana Mukherjee

Bates, L. J. , K. Mukherjee, and R. E. Santerre "Medical Insurance Coverage and Health Production Efficiency" Journal of Risk and Insurance, Vol. 77, No. 1,(2010), 211-229.

Mukherjee, K. "Measuring Energy Efficiency in the Context of an Emerging Economy: The Case of Indian Manufacturing" European Journal of Operational Research, Vol. 201, No. 3, (2010), 933- 941.

Ray, S. C., L. Chen and K. Mukherjee "Input Price Variation Across Locations and a Generalized Measure of Cost Efficiency" International Journal of Production Economics, Vol. 116, No. 2, (2008), 208-218.

Mukherjee, K. "Energy Use Efficiency in the Indian Manufacturing Sector: An Interstate Analysis" Energy Policy. Vol. 36, No. 2, (2008), 662-672.

Mukherjee, K. "Energy Use Efficiency in U.S. Manufacturing: A Nonparametric Analysis" Energy Economics. Vol. 30, No. 1, (2008), 76-96.

Ray, S.C. and K. Mukherjee "Productivity Growth and Capacity Utilization: An Interstate Analysis of U.S. Manufacturing Data" The Empirical Economics Letters, Vol. 6, No. 1, (2007), 11-23.

Ray, S. C., K. Mukherjee, and Y. Wu "Direct and Indirect Measures of Capacity Utilization: a Non-Parametric Analysis of US Manufacturing" The Manchester School, Vol. 74, No. 4, (2006), 526 – 548.

Bates, L. J., K. Mukherjee, and R. E. Santerre "Market Structure and Technical Efficiency in the Hospital Services Industry: A DEA Approach" Medical Care Research and Review, Vol. 63 No. 4, (2006), 499-524.

Lidija Polutnik

"Structural Limits of Capacity and Implications for Visibility," with Ted Watts, C.J. McNair and Vicki Baard, Journal of Accounting and Organizational Change, Vol. 5 No. 2, 2009, pp. 294-312.

"Moving Targets: The Dynamics of Goal Setting and Performance," with Ted Watts and C.J. McNair, Journal of Corporate Accounting in Finance, Vol. 20 Issue 3, 2009, pp. 25-33.

Best Paper Award in Management Accounting: "Advanced Capacity Cost Management Models: Making Visible the Structural Limits of Capacity," with T. Watts, C.J. McNair, and V. Baard, presented at the Global Accounting and Organizational Change Conference, Melbourne, 2008.

"New Venture Creation and Economic Transition: The Case of Slovenia," with Richard Bliss. 2007. In Entrepreneurship: The Engine of Growth, Vol. III, pp. 163-190. Edited by Tim Habbershon and Mark Rice, Praeger.

"Currency Conversion and the Role of Expectations: The Case of Slovenia," with Maria Minniti. Economics and Business Review. Vol. 9, No. 1, 2007, pp. 5-21.

"Capacity Cost Measures and Decisions: Two Field Studies," with C.J. McNair, and Julie Hertenstein, The Journal of Corporate Accounting and Finance, March/April 2006, pp.63-77.

"No-Name Money" with Maria Minniti. 2006. In "Money and Markets: Essays in Honor of Leland Yeager, pp.151-165. R. Koppl (ed.) Routledge Press.

Josh Staveley-O'Carroll​

  • Staveley-O'Carroll, J.O. (in press). A Classroom Market for Extra Credit: a Semester-Long Experiment. Journal of Economic Education. (2016) Classroom Market for Extra credit.pdf
  • The Impact of Classroom Demonstrations and Online Discussions on Student Achievement. International Review of Economics Education, 20, 46-58. link (2015)
  • de Araujo, P., Mykhaylova, O., Staveley-O'Carroll, J.O. (2014). Financial Liberalization and Patterns of International Portfolio Holdings. Empirical Economics, 49, 213-234.
  • Mykhaylova, O., Staveley-O'Carroll, J.O. (2014). International Transmission of Productivity Shocks with Nonzero Net Foreign Debt. The BE Journal of Macroeconomics, 14(1), 579-624.
  • Mago, S., Mykhaylova, O., Staveley-O'Carroll, J.O. (2013). Housing Prices and Balance Sheet Effects: A Classroom Demonstration. International Review of Economics Education, 13, 50-66.​

Megan Way

"Entrepreneurship and the Decision to Export", with Kent Jones, in Entrepreneurship as a Social Science, Maria Minniti, ed. Oxford University Press, forthcoming.

"Intergenerational Transfer Inflows to Adult Children of Divorce" (complete - being prepared for submission to Demography)

"The Correlation Between Expected Parental Longevity and Transfers to Adult Children" (complete - being prepared for submission to Journal of Marriage and the Family.)

"How ‘Operative’ is the Potential for Intergenerational Transfers" (in progress, with Donald Cox of Boston College)

"Divorced Parents, New Spouses and Giving to Children of Prior Relationships" (in progress)

"Divorce, Remarriage and Inter-Vivos Transfers from Parents to Adult Children in Mexico" (in progress, funded by Babson Center for Women’s Leadership Grant) ​​