Research

PUBLICATIONS           

REFEREED JOURNAL ARTICLES

1.  "Do Budget Deficits Follow A Linear or Non-Linear Path?" Economics Bulletin, 2007, Vol. 5, Issue 14, pp. 1-9.

2.  "The Stability of the Demand for Money in the Middle East," Emerging Markets Finance and Trade, January-February 2008, Vol. 44, Issue 1, pp. 62-83.

3.  “Openness and the Speed of Adjustment,” Journal of Economics and Finance, April 2010, Vol. 34, Issue 2, pp. 218-227.

4.  "How Stable is the Demand for Money in Emerging Economies?” Applied Economics, 2010, Vol. 42, Issue 26, pp. 3307-3318. (with Ali Kutan).

5.  "The Global Impact of Worldwide Unemployment Rates," Research Notes of International Advances in Economic Research, 2011, Vol. 17, Issue 2, pp. 236-237.

6.  “The Heated Debt Ceiling Debate: The Summer of 2011,” International Journal of Business and Social Science, 2011, Vol. 2, No. 21, pp. 239-242.

7.  "Non-Profit Organizations, Entrepreneurship, Social Capital and Economic Growth," Small Business Economics Journal, 2012, Vol. 38, pp. 271-281. (with Miguel-Angel Galindo and Maria Teresa Mendez).\

8. " Wage-Price Flexibility, Exchange-Rate Flexibility, Capital Controls and the Adjustment Speed in the Money Market," Journal of Developing Areas, Spring 2012, Vol. 46, Number 1, pp. 359-366.

9. “Long Run Economic Growth Suffers as Wisconsin Public Schools Suffer Budget Cuts,  Science Journal of Economics, Vol. 2012, ISSN: 2276-6286, Article ID sje-283.

10. "Exchange Rate Volatility and Demand for Money in Iran" International Journal of Monetary Economics and Finance, 2012, Vol. 5, Number 23, pp. 268-276. (with Mohsen Bahmani-Oskooee)

11.  "Exchange Rate Volatility and the Demand for Money in Less Developed Countries," Journal of Economics and Finance, 2013, Vol. 37, Issue 3, pp. 442-452.  

12.  "On The Housing Market and U.S. Economic Recovery," The Journal of American Academy of Business, Cambridge, 2014, pp. 139-145.

13.  "Monetary Uncertainty and Demand for Money in Korea," Asian Economic and Financial Review, 2014, 4(3), pp. 317-324.  (with Mohsen Bahmani-Oskooee)

14. "The Development of Telecommunications Infrastructure and Economic Growth:  Using Causality and Missing Variables for the G-20 Countries, 2001-2012," Journal of Comparative Policy Analysis, 2014, 16(5), pp. 401-423.  (with Rudra Pradhan and Mak Arvin)

15. "Causal Nexus between Economic Growth, Banking Sector Development, Stock Market Development, and Other Macroeconomic Variables: The Case of ASEAN Countries," Review of Financial Economics, 2014, Vol. 23, No. 4, pp. 155-173 (with Rudra Pradhan, Mak Arvin, and John Hall)

16. "Assessing the Effect of Quantitative Easing on Foreign Direct Investment in Brazil," The American Economist, Fall 2015, 60(2), pp. 176-182. (with Jeremy Toms, independent study Spring 2014)

17. "Policy Uncertainty and the Demand for Money in the United Kingdom," Applied Economics, 2015, 47(11), pp. 1151-1157 (with Mohsen Bahmani-Oskooee, Alice Kones, and Ali M. Kutan)

18.  "Non-Linear ARDL Approach and the Demand for Money in Iran," Economics Bulletin, 2015, Vol. 35, Issue 1, pp. 1-11.  (with Mohsen Bahmani-Oskooee)

19.  "The Dynamics of Insurance Sector Development, Banking Sector Development and Economic Growth: Evidence from G-20 Countries," Global Economics and Management Review, 2015, Vol. 19, Issue 1, pp. 16-25. (with Rudra Prahan and Marepalli Uday Kiran)

20.  “Causal Nexus between Economic Growth, Inflation and Stock Market Development: The Case of OECD Countries” Global Finance Journal, 2015, Vol. 26, Issue 2, pp. 98-111. (with Rudra Pradhan and Mak Arvin)

21.  "The Relationship between Telecommunications Infrastructure, Gross Capital Formation, and Economic Growth: Evidence from Time Series Data," International Journal of Technology Management, 2016, 70(2/3), pp. 157-176. (with Rudra Pradhan, Mak Arvin and Jay Mittal)

22.  “Improved Critical Thinking in Students Using Current Event Journaling,” International Journal of Sociology and Social Policy, 2016, Vol. 36, Issue 3/4.  

(my Wisconsin Teaching Fellows and Scholars Program 2013-14 research)

23.  "Asymmetric Effects of Exchange Rate Changes on the Demand for Money in China," Applied Economics Letters, 2016, 23(15), pp. 1104-1109.  (with M. Bahmani-Oskooee and Dan Xi)

24.  "The Rial-Dollar Exchange Rate and Purchasing Power Parity Theory," Cyrus Chronicle Journal, May 2016, 1(1), pp. 17-22. (with M. Bahmani-Oskooee)

25.  "Insurance-Growth Nexus and Two Other Macroeconomic Determinants: Evidence from Cross Country Panel Data," Empirical Economics, 2017, 52, pp. 1137-1366.  (with Pradhan Rudra, Mak Arvin and John Hall)

26.  "ICT- Finance- Growth Nexus: Empirical Evidence from Next-11 Countries,” Cuadernos de Economía (an Elsevier journal), May-August 2017, 40(113), pp. 115-134. (with Mak Arvin, Mahendhiran Nair, and Sara E. Bennett)

27.  "Broadband Penetration, Financial Development and Economic Growth Nexus: Evidence from the Arab League Countries," Macroeconomics and Finance in Emerging Market Economies, 2017, 10(2), pp. 151-171.   (with Pradhan Rudra, Mak Arvin and Sara Bennett) 

28.  "Do Exchange Rate Changes Have Symmetric or Asymmetric Effects on the Demand for Money in Turkey?" Applied Economics, 2017, 49(42), pp. 4261-4270. (with M. Bahmani-Oskooee and Ferda Halicioglu)

29.  "Finance and Growth: Evidence from the ARF Countries" The Quarterly Review of Economics and Finance, 2017, 66, 136-148.  (with Pradhan Rudra, Mak Arvin, John Hall and Neville Norman) 

30.  "Financial Depth and the Trade Openness - Economic Growth Nexus: Evidence from Cross-Country Panel Data" Journal of Economic and Administrative Sciences, 2017, 33(1), pp. 20-45.  (with Pradhan Rudra, Mak Arvin, John Hall and Sara Bennett) 

31.  "The Innovation-Growth Nexus Link in OECD Countries: Could Other Macroeconomic Variables Matter?" Technology in Society, 2017, Volume 51, pp. 113-123. (with Pradhan Rudra, Mak Arvin and Sara Bennett)

32.  "Developing a Reliable and Valid Assessment Tool for Online Classes" Assessment Update: Progress, Trends and Practices in Higher Education, March/April 2018, 30(2), pp. 4 and continued on 12-14 Published by Wiley Periodicals, Inc.  (This research was from a $7,100.00 OPID Teaching and Learning Grant Program I received for 2014-2015)

33.  "Endogenous Dynamics Between Innovation, Financial Markets, Venture Capital and Economic Growth: Evidence from Europe," Journal of Multinational Financial Management, June 2018, Vol. 45, pp. 15-34  (with Pradhan Rudra, Mak Arvin, John Hall, Mahendhiran Nair, and Sara Bennett)

34.  "Are Innovation and Financial Development Causative Factors in Economic Growth? Evidence from a Panel Granger Causality Test," Technological Forecasting & Social Change, July 2018, Vol. 132, pp. 130-142 (with Pradhan Rudra and Mak Arvin)

35.  "More Evidence on the Asymmetric Effects of Exchange Rate Changes on the Demand for Money: Evidence from Asia," Applied Economics Letters, 2019, 26(6), pp. 484-495.   (with M. Bahmani-Oskooee and Dan Xi) 

36.  "On the Asymmetric Effects of Exchange Rate Changes on the Demand for Money: Evidence from Emerging Economies," Journal of Emerging Market Finance, 2019, Vol. 18, pp. 1-22.     (with Ali Kutan, Dan Xi and Mohsen Bahmani-Oskooee)

37.  "Short-Term and Long-Term Dynamics of Venture Capital and Economic Growth in a Digital Economy: A Study of European Countries," Technology in Society, May 2019, Vol. 57, Pages 125-134.  (with Rudra Pradhan, Mahendhiran Nair, Sara Bennett, Mak Arvin)

38.  "Attaining Economic Growth Through Financial Development and Foreign Direct Investment" Journal of Economic Studies, 2019, 46(6), pp. 1201-1223.  (with Rudra Pradhan, Mak Arvin and John Hall)

39.  "The Dynamics of Bond Market Development, Stock Market Development and Economic Growth: Evidence from the G-20 Countries" Journal of Economics, Finance and Administrative Science, 2020, Vol. 25, No. 49, pp. 119-147.  (with Rudra Pradhan, Mak Arvin, and Neville Norman)

40.  "Increasing Social Presence In Online Classes Leads to Increased Student Course Satisfaction" Journal of Business and Social Science Review, November 2020, 1(10), pp. 1-15. (my Wisconsin Teaching Scholar 2019-20 research)

41.  "EUR/USD Speculative Significance Study: Using An Econometric Model Analyzing Macroeconomic Data Announcements" International Journal of Humanities, Social Sciences and Education, February 2021, Vol. 8, Issue 2, pp. 1-12.  (with James Gwarnicki, undergraduate independent study Spring 2019)

42.  "Is Higher Economic Growth Possible Through Better Institutional Quality and a Lower Carbon Footprint?  Evidence from Developing Countries" Renewable Energy, April 2021, Vol. 167(C), pp.132-145.  (with Rudra Pradhan, Mak Arvin and Mahendhiran Nair)

43.  "Policy Uncertainty and the Demand for Money in Singapore: An Asymmetric Analysis" The Singapore Economic Review, 2021, pp. 1-16. (with Mohsen Bahmani-Oskooee, Muhammad Aftab)

44. "Insurance Market in an Information-Driven Economy: Can It Enhance Economic Growth for High and Middle-Income Countries") Asia-Pacific Financial Markets, November 2022. (with Rudra Pradhan, Rebecca Abraham, and John H. Hall)

45.  "Stock Returns and Income Inequality: Asymmetric Evidence from State Level Data in the U.S." Global Finance Journal, 2022, Vol. 52, Issue C. (with M. Hasanzade and M. Bahmani-Oskooee)

46.  "Institutional quality, insurance markets, and economic growth: Evidence from pooled mean group estimation in middle income countries" Applied Economics Letters, 2023, 30(4), pp. 445-449. (with Rudra Pradhan and Rebecca Abraham)

47.  "Some Determinants and Mechanics of Economic Growth in Middle-Income Countries: The Role of ICT Infrastructure Development, Taxation and Other Macroeconomic Policies," The Singapore Economic Review, 2024, Vol. 69, No. 1, pp. 297- 333. (with Rudra Pradhan, Mak Arvin, Mahendhiran Nair, Sara Bennett)  online version available at:  https://doi.org/10.1142/S0217590820500563

48.  "Regional Financial Integration, Financial Development and Economic Growth in the Belt and Road Initiative (BRI) Countries: Does Institutional Quality Matter?" forthcoming in 2025 (with Rudra Pradhan, Mahendhiran Nair, John H. Hall, and Sara E. Bennett)

BOOK CHAPTERS

1.  “Political Rights, Civil Liberties, and Economic Growth,” in Next Economic Growth: New Factors and New Perspectives.  Edited by Mohsen Bahmani-Oskooee and Miguel-Angel Galindo Martin. NOVA Publishing Company, New York, June 2006, pp. 1-10. (with Mohsen Bahmani-Oskooee, Gour Goswami and Avik Chakrabarti)

2.  “The Demand and Supply of Higher Education Impacting Unemployment” in Higher Education in a State of Crisis.  Editor: Roccio M. Teixeira. NOVA Publishing Company, New York. 2011, pp.1-22.

3.  “The Convergence Hypothesis of Economic Growth Displayed in Advanced Economies” in Theories and Effects of Economic Growth. Editor: Richard L. Bertrand. NOVA Publishing Company, New York. 2011, Chapter 7, pp. 159-172. 

4.  “Women, Research and Entrepreneurship” in Women’s Entrepreneurship and Economics.  Editors: Miguel-Angel Galindo and Domingo Ribeiro. Springer Publishing, New York. 2012, Chapter 4, pp. 35-52. (with Francisco Escribano Sotos and Isabel Pardo Garcia)

5.  “Exchange Rate Volatility and the Demand for Money in Thailand” in Thailand: Economic, Political and Social Issues – Volume 2.  Editor:  Randle C. Zebioli.  NOVA Publishing Company, New York.  2012, Chapter 4, pp. 73-86.  (with Mohsen Bahmani-Oskooee)

6.  “Corruption and Economics” in Progress in Economics Research – Volume 26.  Editor: Albert Tavidze.  NOVA Publishing Company, New York. 2012, Chapter 7, pp. 145-158. (with Mohsen Bahmani-Oskooee)

7.  “Monetary Uncertainty and the Demand for Money in the U.S.” in Economics of Innovation, Incentives and Uncertainty. Editor: Patrick E. Simmons and Samuel T. Jordan. NOVA Publishing Company, New York. 2012, Chapter 9, pp. 167-176. (with M. Bahmani-Oskooee) 

8.  “Exchange Rate Volatility and the Demand for Money in China,” in Exchange Rates in Developed and Emerging Markets: Practices, Challenges, and Economic Implications.  Editor: Mohsen Bahmani-Oskooee.  NOVA Publishing Company, New York.  2013, Chapter 1, pp.    (with M. Bahmani-Oskooee and Dan Xi)

9.  “Does Nominal Devaluation Lead to Real Devaluation: Evidence from Emerging Economies,” in Exchange Rates in Developed and Emerging Markets: Practices, Challenges, and Economic Implications.  Editor: Mohsen Bahmani-Oskooee.  NOVA Publishing Company, New York.  2013, Chapter 6, pp. (with M. Bahmani-Oskooee)

10. “The Rial-Dollar Rate: Does it Revert to Its Mean?” Exchange Rates in Developed and Emerging Markets: Practices, Challenges, and Economic Implications.  Editor: Mohsen Bahmani-Oskooee.  NOVA Publishing Company, New York.  2013, Chapter 12, pp. (with M. Bahmani-Oskooee)

11.  "Competitiveness and Economic Growth in the Digital Economy: The Case from Asian Countries" Asian Countries: Economic, Political and Social Issues.  Editors: Mohsen-Bahmani-Oskooee and Sahar Bahmani.  NOVA Publishing Company, New York.  2021. (with Rudra Pradhan, Mak Arvin, Mahendhiran Nair, and Sara Bennett)

12.  "How Does Institutional Quality Affect Finance-Energy-Growth Nexus: The Case of Low- and Low-Middle Income Countries?" in The Handbook of Energy, Sustainability and Economic Growth, 2023.  (with Rudra Pradhan, Sara Bennett, John H. Hall and Mahendhiran Nair)

13. "Institutional Quality, ICT Infrastructure, Transportation and Sustainable Development: The Case of Middle-Income Countries" in Sustainable Economic Development Fostering The United Nations Goals, 2024. (with Rudra Pradhan, Sara Bennett, John H. Hall , Mohamed Sami Ben Ali, and Mahendiran Nair) 

14. Handbook on Economic Populism: A Political Economy Perspective, forthcoming 2025.

BOOKS

Applied Economics and Human Relations. Used in a course offered at Milwaukee Area Technical College: Social Science 330. Compiled by: Sahar Bahmani, James Carpenter, Elaine Wendt, Don Weimer and Steve Wastrous. Pearson Education Publishing, 2003.

Financial Markets: Recent Developments, Emerging Practices and Future Prospects, edited by Mohsen Bahmani-Oskooee and Sahar Bahmani, Nova Publishing Company, New York, 2014.  

Asian Countries: Economic, Political and Social Issues, edited by Mohsen Bahmani-Oskooee and Sahar Bahmani, Nova Publishing Company, New York, 2021. 

SERVICE

• Editorial Assistant, 5 years, 2018-2023, for Journal of Economic Studies

• Reviewer for 80+ journals:  African Journal of Business Management, Applied Economics, Asia-Pacific Financial Markets, Asian Economic and Financial Review, Australian Economic Papers, Bulletin of Applied Economics, Cities, Contemporary Economics, Current Analysis on Economics & Finance, Eastern European Economics, Ecological Indicators, Economic Analysis and Policy, Economic Change and Restructuring, Complexity, Economic Modelling, Economic Systems, Economies, Economics of Innovation and New Technology, Empirica, Empirical Economics, Energies, Energy and Environment, Energy Reports, European Journal of Development Research, Finance Research Letters, Financial Innovation, Future Business Journal, Global Business and Economics Review, Global Finance Journal, Heliyon, Information, Informational Technology for Development, Innovation: Management, Policy & Practice,  International Finance, International Journal of Business and Social Research,  International Journal of Economics and Empirical Research, International Journal of Emerging Markets, International Journal of Environmental Research and Public Health, International Journal of Financial Research, International Journal of Financial Studies, International Journal of Global Environmental Issues, International Journal of Happiness and Development, International Journal of Humanities and Social Sciences, International Journal of Public Policy, International Journal of Sociology and Social Policy, International Review of Applied Economics, International Review of Financial Analysis, Japanese Economic Review, Journal of Agriculture and Sustainability, Journal of Asian Economics, Journal of Bangladesh Studies, Journal of Developing Areas, Journal of Economic and Administrative Sciences, Journal of Economic Studies, Journal of Economic Structures, Journal of Economics and Finance, Journal of Education Research, Journal of Information Technology for Development, Journal of International Trade & Economic Development, Journal of Knowledge Management, Journal of Macroeconomics, Journal of Management Analytics, Journal of the Scholarship of Teaching and Learning, Journal of Small Business Management, Journal of Reviews on Global Economics, Journal of Risk and Financial Management, New York Economic Review, Oxford Economic Papers, Quality & Quantity, Quantitative Finance and Economics, Quarterly Review of Economics and Finance, Research in Transportation Economics, Resources Policy, Review of Behavioral Finance, Review of Economics and Finance, Review of Financial Economics, Review of Industrial Organization, Socio-Economics Planning Sciences, Southern African Business Review, Sustainability, Systems, Technological Forecasting & Social Change, Technology in Society, Telematics & Informatics Reports, The International Trade Journal, Utilities Policy, World Development, and World Journal of Business and Management.