Culverhouse College of Commerce & Business Administration
263 Alston Hall
The University of Alabama
Tuscaloosa, AL 35487
U.S.A.
Office: (205) 348-8978
Department: (205) 348-7842
Fax: (205) 348-0590
Email: JLEE@CBA.UA.EDU
| Department of Economics, Finance & Legal
Studies Culverhouse College of Commerce & Business Administration 263 Alston Hall The University of Alabama Tuscaloosa, AL 35487 U.S.A. |
Office: (205) 348-8978 |
Ph.D., Economics, Michigan State University, 1987~1991 (Advisor: Peter Schmidt).
MA, Economics, Michigan State University, 1987~1990.
BA, Statistics, Sung Kyun Kwan University, Seoul, Korea, 1975~1978 (Military draft 1978-1980), 1981.
Professor, Department of Economics, Finance and Legal Studies, The University of Alabama, August 2006 to present.
Associate Professor, Department of Economics, Finance and Legal Studies, The University of Alabama, August 2003 - August 2006.
Associate Professor, Department of Economics, University of Central Florida, August 1998 to 2003.
Assistant Professor, Department of Economics, Vanderbilt University, August 1991 to 1998.
Instructor, Intermediate Macroeconomics, Department of Economics, Michigan State University,
Spring 1991.Research / Teaching Assistant, Department of Economics, Michigan State University, 1987 to 1991.
Researcher, Korea Institute for Defense Analysis (KIDA), Seoul, Korea, 1981 to 1987.
Military Army (draft), 1978-1980.
Research Interest
- Econometrics
- Time Series Econometrics
- Applied Macro
- Related Applied Areas
Area of Research
Primary research area has been in the area of time series econometrics, focusing on developing new unit root tests, cointegration tests, non-linear time series models (including smooth transition GARCH models, threshold or regime switching models, and asymmetric non-linear models), and other time series models.
Research interest also covers applied works in cross-sectional econometrics including count data models, stochastic frontier models, and selection bias models.
Courses Taught
- Core Econometrics
Ph.D. (Vanderbilt, during 1991-1998)
- Cross-Sectional Econometrics
Ph.D. (UCF, 2000 & 2002; UA 2004-present)
- Time Series Econometrics
Ph.D (Vanderbilt, during 1991-1998)
Ph.D (UCF, 2001 & 2003)
- Econometrics
MA (UCF, 2002-present; UA 2003)
Undergraduate Honor Class (Vanderbilt, during 1991-1998)
- Mathematical Statistics
Ph.D. (Vanderbilt, during 1991-1998)
- Statistics / Business Statistics / Applied Research Tools
MA (Vanderbilt, during 1991-1998)
Undergraduate (Vanderbilt, during 1991-1998)
MBA (UCF, 1998-2003)
- Multivariate Statistics
Ph.D. (UCF, 2000 & 2002)
- Business Forecasting
MA (UCF, 2003; UA 2003-present)
- Intermediate Macroeconomics
Undergraduate (Vanderbilt, 1993; UA 2003-present)
- Math Econ
Graduate/Undergraduate (UA 2004)
Research
Recipient of the UCF Research Incentive Awards (RIA), University of Central Florida, April 2003.
UCF Awards for Distinguished Researcher in the College, College of Business Administration, University of Central Florida, January 2003.
Carl H. Galloway Award for Top Researcher in the Department of Economics, College of Business Administration, University of Central Florida, September 2001.
Carl H. Galloway Award for Top Researcher in the Department of Economics, College of Business Administration, University of Central Florida, September 2000.
Teaching
Recipient of the UCF Teaching Incentive Program (TIP), University of Central Florida, April 2003.
Carl H. Galloway Award for the Best Graduate Teacher in the College, College of Business Administration, University of Central Florida, November 2001.
Carl H. Galloway Award for the Best Graduate Teacher in the Department of Economics, College of Business Administration, University of Central Florida, September 2001.
UCF Awards for Excellence in Graduate Teaching in the College, College of Business Administration, University of Central Florida, April 2001.
Carl H. Galloway Award for the Best Graduate Teacher in the Department of Economics, College of Business Administration, University of Central Florida, September 2000.
Carl H. Galloway Award for the Best Graduate Teacher in the Department of Economics, College of Business Administration, University of Central Florida, October 1999.
Service
Awarded for Carl. H. Galloway for Outstanding Service in the College, College of Business Administration, University of Central Florida, November 2001.
Awarded for Carl. H. Galloway for Outstanding Service in the College, Department of Economics, College of Business Administration, University of Central Florida, September 2001.
PUBLISHED or forthcoming
1. "A Modification of the Schmidt-Phillips Unit Root Test," (with P. Schmidt), Economics Letters, Vol. 36, 285-289, 1991.
2. "Unit Root Tests Based on Instrumental Variables Estimation," (with P. Schmidt), International Economic Review, Vol. 35, 2, 449-462, 1994.
3. "Modeling International Long-term Interest Rates," (with R. DeGennaro and R. Kunkel), Financial Review, Vol. 29, 4, 577-597, 1994.
4. "An LM Test for A Unit Root in the Presence of a Structural Change," (with C. Amsler), Econometric Theory, Vol. 11, 359-368, 1995.
5. "On the Power of Stationarity Tests Using Optimal Bandwidth Estimates," Economics Letters, Vol. 51, 131-137, 1996.
6. "Dealing with Censored Data from Contingent Valuation Surveys: Symmetrically Trimmed Least Squares Estimation," (with S. Kwak and C. Russell), Southern Economic Journal, Vol. 63, 743-750, 1997.
7. "On Stationarity Tests in the Presence of Structural Breaks," (with C. Huang and Y. Shin), Economics Letters, Vol. 55, 165-172, 1997.
8. "A Joint Test for the Unit Root and the Common Factor Restriction in the Presence of Structural Break," (with C. Amsler), Structural Change and Economic Dynamics, Vol. 8, 221-232, 1997.
9. "The Market Efficiency Hypothesis on Stock Prices: International Evidence in the 1920s," (with Jen-Chi Cheng, C. Lin and Cliff J. Huang), Applied Financial Economics, Vol. 8, 61-65, 1998.
10. "Stationarity Tests With Multiple Endogenized Breaks," in Nonlinear Time Series Analysis of Economics and Financial Data, edited by Philip Rothman, Kluwer Academic Press, 1999.
11. "Average Derivative Estimation of Hedonic Price Model" (with S. Kwak and John List), Environment and Resource Economics, 16, 81-91, 2000
12. "Smooth Transition ARCH model" (with Ray DeGennaro), Review of Quantitative Finance and Accounting, 15, 5-20, 2000.
13. "Municipal Bonds and Tax Arbitrage: A Cointegration Analysis" (with Y. Kim, S. Lile and R. Ramsey), Public Finance Review, 28, (4), 372-389, July 2000.
14. "On the End-Point Issue in Unit Root Tests in the Presence of a Structural Break," Economics Letters, 68, 7-11, 2001.
15. "Quasi-fixed Inputs and Long-run Equilibrium in Production" (with H.Y. Kim), Journal of Applied Econometrics,16, 41-57, 2001.
16. "Experimenting with Multi-attribute Utility Survey Methods in a Multi-Dimensional Valuation Problem" (with Clifford Russell, Virginia Dale, and Robin Gregory), Ecological Economics, 36, 87-108, 2001.
17. "Are Shocks to Foreign Investment in Developing Countries Permanent or Temporary? Evidence from Panel Unit Root Tests" (with Mark Strazicich and Cathy Co), Economics Letters, 70, 405-413, 2001.
18. "Break Point Estimation and Spurious Rejections with Endogenous Unit Root Tests." (with Mark Strazicich), The Oxford Bulletin of Economics and Statistics, December 2001, Vol. 63, No. 5, 535-558.
19. "Testing for the Null of Cointegration in the Presence of Structural Breaks” (with William Alan Bartley and Mark Strazicich), Economics Letters, 2002.
20. “Minimum LM Unit Root Tests with Two Structural Breaks” (with Mark Strazicich), Review of Economics and Statistics, Vol. 85, No. 4, 1082-1089, November 2003.
21. "Stationarity of Health Expenditures: a Re-examination Using Panel Unit root Tests with Heterogeneous Structural Breaks," (with Todd Jewell, Margie Tieslau and Mark Strazicich), Journal of Health Economics, 22 (2), 313-323, 2003.
22. “Are Incomes Converging? Evidence from OECD Countries with Two Structural Breaks,” (with Mark Strazicich and Ed Day), Journal of Macroeconomics, Vol. 26, No. 1, 131-145, Winter 2004.
24. “Trends of Criteria Air Pollutants,” (with John List), Environment and Resource Economics, 29 (1): 21-37, September 2004.
23. “Real Effective Exchange Rate and PPP: Evidence from a Transition Economy,” (with J. Payne and R. Hofler), Journal of Policy Modeling. 27, 665-672, 2005.
25. “Panel LM unit Root Tests with Level Shifts,” (with Kyung So Im and Margie Tieslau), The Oxford Bulletin of Economics and Statistics, 67, 3, 393-419, June 2005.
26. “Historical Net Discount Rates and Future Economics Losses: Refuting the Common Practice,” in Economic Foundations of Injury and Death Damages, edited by James D. Rodgers and Gerald Martin, 2006
27. "Nonrenewable Resource Prices: Deterministic or Stochastic Trend?” (with John A. List and Mark Strazicich), forthcoming, Journal of Environmental Economics and Management.
28. “Stationarity tests with unattended nonlinearity,” (with Becker, R. and W. Enders) forthcoming at Journal of Time Series Analysis."
29. “Regulating Smoking Environment,” (with Gallet, C., and G. Hoover) forthcoming at Southern Economic Journal.
30. “On the Residual Centering Method with Interaction Terms," (with Echambadi, R., R. Werner, and I. Arroniz) forthcoming at International Journal of Research in Marketing.
Miscellaneous
"Applying Multi-attribute Utility Techniques to Environmental Valuation: A Forest Ecosystem Example," (with Clifford Russell et al.), 1997.
"Software Review: ITSM 2000 Professional Version 6.0," (with Mark Strazicich), Journal of International Forecasting, 18, 2002, 455-460.
UNDER REVIEW / REVISION
“Testing for a Unit Root with a Nonlinear Fourier Function” (with Walter Enders)
“Are Regional Incomes Converging in the U.S.? Evidence from Panel Unit Root Tests with Structural Breaks,” (with Mark Strazicich)
“Testing For Unit Roots With Stationary Instrumental Variables,” (with Kyung-so Im)
“Cointegration Tests Based on Instrumental Variable Estimation,” (with Kyung-so Im and Walter Enders)
“Institutional Ownership, Agency Costs and Dividend Policy” (with Elston, J. and Hofler, R.)
“National Culture and Environmental Sustainability: A Cross-National Analysis,” (with Hoon Park and Cliff Russell).
DRAFT OR TO REVISE
“Unit Root Tests with Multiple Endogenous Breaks in Level and Trend”
“Common Pitfalls in Endogenous Break Unit Root Tests and Two Step Procedures,” (with Mark Strazicich)
“Sex Under The Influence: Are The Results Pertaining To The Effect Of Alcohol Taxes On Sexually Transmitted Disease Rates Robust?” (with Pia Sen)
“Mean Reversion and Structural Changes In Price-Earning Ratios,” (with Benton Gup and Ralf Becker)
"I can tell you this, he won't sell anybody out to buy his future, and that my friends is called, 'integrity' that's called, 'courage' now that's the stuff leaders should be made of."
since August 12 2003