- Candidate must have completed a bachelor’s degree
- Candidate must be currently pursuing either a master’s degree or doctor of philosophy
- Paper must be original and unpublished
- Applicants from all universities and colleges are welcomed
My name is Pablo Andres Bejar and I am an international student from Bolivia who graduated in May 2010 from California State University, Fullerton with a Masters in Business Administration and a strong emphasis in Economics. My education has helped me develop an understanding of the many facets of Business, Finance, Government, and Socioeconomic thinking. My exposure to a variety of economics and finance courses has fueled my passion for economic and financial research and analysis.
Throughout my academic career I have had significant research and analytical experience in Economics, Business, and International Finance. For instance, I have written three research papers that I am particularly proud of. The first one was written in the fall of 2008 and it was titled “Current Relationship between Unemployment and Real GDP for the U.S: Okun’s Law Revisited (1985-2007),” which according to econometrics Professor Barkley Ph.D. was one of the best term paper a student has ever submitted in his class. The other empirical research paper was written in the fall 2009 with the help of Professor Rokon Bhuiyan PhD. The title of this paper is Forecasts of the Effects of Monetary Policy Shocks in a Small Open Economy: A Structural VAR Approach (The Canadian Case Revisited 1994-2007). The third paper examines the current empirical relationship between corporate social performance and corporate financial performance for U.S. companies and it is titled “A Current Analysis of Firm Foundation Giving and its Effects on Corporate Financial Performance for American Companies.” Finally, I recently finished working as the leader for a consulting project for a local small company with Professor Peng Chang PhD.
Having been born and raised in Bolivia, I have witnessed great poverty and underdevelopment. I truly believe that my experiences in Bolivia have inspired my passion and commitment to help people in need. For this reason, my goal in life is to help communities in need by working for international organizations such as, the World Bank or the United Nations.
PAPER 1: A Current Analysis of Firm Foundation Giving and its Effects on CorporateFinancial Performance for American Companies (2001-2007)
Abstract: The corporate social – financial performance topic has been in the making for over thirty years. Researchers throughout the years have used different measures of corporate social performance, such as the KLD index, direct corporate giving contributions, Fortune reputation ratings, and transparency reports to name a few (Margolis and Walsh, 2003). This study utilizes foundation giving as the measure for corporate social performance, and analyzes the current situation with extensive data from 2001 to 2007 for medium to large public American companies. Based on the model by Moon (2007), and the assumptions from Waddock and Graves (1997b) I control for the heterogeneous nature of each firm in sample. However, unlike the results from Waddock, Graves, and Moon, after utilizing firm foundation giving as the measure for corporate social performance this research demonstrates that there are currently non-significant consequences of corporate foundation giving on firm ROA, Tobin’s q, and revenues.
PAPER 2: The Current Relationship between unemployment and real GDP: Okun’s Law revisited for the United States (1985-2007)
Abstract: The Okun’s Law model has been accepted as the simple negative relationship between movements of the unemployment rate and the real gross domestic product (GDP). Generally, empirical studies in the United States show that for every one-percentage point by which the actual rate of unemployment exceeds the natural rate of unemployment, real gross domestic product decreases approximately by 2 to 3 percent (Blanchard and Fischer 1989). In this study however, using macroeconomic data from 1985-2007 and the two stage least square methodology to control for the simultaneity nature of the model following Martin Prachowny’s 1993 assumptions, I found that a 1 percent increase in the unemployment rate above its natural rate “ceteris paribus” causes real GDP to decrease by about 1.42 percent. This result shows a coefficient slightly lower than the originally estimated coefficient of 2, but much higher than the one reported by Prachowny of 0.66.
PAPER 3: Projections of the Effects of Monetary Policy Shocks in a Small Open Economy: A Structural VAR Approach (The Canadian Case Revisited 1994-2007)
This paper is based on the conclusions of Rokon Bhuiyan (2008). The main purpose of the paper is to replicate, develop, and summarize a structural VAR model for the Canadian economy. Instead of using the monetary aggregate M1 variable as the main policy instrument used by Cushman and Zha (1997) and Kim and Roubini (2000), in this paper, the overnight rate or Canadian interest target rate will be used as the main instruments. The main findings of this study include: the immediate liquidity and exchange rate effects right after a policy shock, and the delayed responses of output (about 6 months) and inflation rate (about 12 months).
In addition, we found that the transmission of the monetary policy shock functions through both the interest and exchange rates. Unlike the conclusions by Eichenbaum and Evans (1995), we concluded that a contractionary policy shock immediately appreciates the exchange rate, but eventually depreciates with time.
Our videos will give you an inside look at EOTM’s projects, classes and tours through the eyes of our students and staff.
With the 120-minute Flip Ultra, EOTM will be sticking true to it’s philosophy of “Learning By Touring” as they Flip On The Move!
Stay tuned, we’ll be posting our work soon.
The International Children’s Network offered EOTM the opportunity to sponsor a child through their program in Uganda.
The child’s name is Nsubuga Juma. He is 14 years old and lives in the village of Lusaka. Nsubuga’s favorite subject in school is biology and his favorite food is rice and chicken. In his free time he enjoys playing soccer.
For less than a dollar a day, you can help make a child’s dreams come true through the International Children’s Network. Join us as we make the world a better place.
During the Summer of 2010, the University of California, San Diego and EOTM will be offering a Microeconomics course through the university’s Academic Connections Program.
-Duration: July 11 to July 31
-Students will have the opportunity to see economics theory in practice as they tour some of the nation’s largest companies.
Uganda, Africa: International Children’s Network “2010 Service Trip”
EOTM is partnering with the International Children’s Network (ICN) to provide an Economics on the Move course for at-risk youth in Uganda in 2011.
ICN has invited EOTM Treasurer Darshan Rangnath and former student Richard Sanchez to accompany them on a ’service trip’ to Uganda July 5 – 19.
Darshan and Richard intend to document their trip on film, twitter, blogs, and Youtube. EOTM is looking for sponsors who may be interest funding this service trip in exchange for advertising exposure in Africa.
Darshan Rangnath at Darshan@EconomicsOnTheMove.org
In 2008, the Economic Center for Education and Research at the University of Cincinnati started a three-week EOTM course branded “Today’s Learners, Tomorrow’s Leaders” (TL2).
The program is free and includes:
-Knowledge about the local economy and businesses
-Scholarship for (3) transferable college credits after completing
the program (Economics 101)
-Time on a real urban college university campus
Daniel Barkley at Daniel@EcononomicsOnTheMove.org
Africa: Development Economics On The Move
This course explores theoretical and practical aspects of economic development in Sub- Saharan Africa . A wide variety of concepts and topics will be treated during the quarter, including poverty, growth and development, income inequality, models of development, globalization, international financial institutions, immigration and foreign aid.
The course features a 30-day trip to three African countries: the Ivory Coast, Kenya, and South Africa where students will learn about development economics first-hand. These countries represent excellent opportunities for students to evaluate the applicability of prevailing theories of economic development, meet as well as and hear from leading African scholars, government policy-makers, NGO officials and the people themselves. The course also compares Africa’s experience with other economic development in other parts of the world.
By the end of the course, students should be familiar with the main theoretical perspectives on development and issues related to underdevelopment. Course will be held on the campuses of three leading African universities, where students will access to plethora of academic resources. The on-site tours are organized to help students critique the applicability of existing theories to the African experience and to provide them with relevant examples that facilitate developing new models and deriving appropriate policy implications.
EOTM is looking for partnering universities who are interested in having their students experience this exciting course in 2016.
Daniel Barkley at Daniel@EconomicsOnTheMove.org
Latin America: Development Economics On The Move
This course explores theoretical and practical aspects of economic development in Latin America. A wide variety of concepts and topics will be treated during the quarter, including poverty, income inequality, models of development, globalization, international financial institutions, immigration and foreign aid. The course includes a 30-day trip to Mexico, Bolivia and Brazil, where students will learn about development economics first-hand. These countries represent excellent opportunities for students to evaluate the applicability of prevailing theories of economic development, meet as well as and hear from leading Latin American scholars, government policy-makers, NGO officials and the people themselves.
Course will be held on the campuses of three leading Latin American universities, where students will access to plethora of academic resources. The on-site tours are organized to help students critique the applicability of existing theories to the Latin American experience and to provide them with relevant examples that facilitate developing new models and deriving appropriate policy implications.
The course also compares Latin America’s experience with other economic development in other parts of the world. By the end of the course, students should be familiar with the main theoretical perspectives on development and issues related to underdevelopment.
EOTM is looking for partnering universities who are interested in having their students experience in this exciting course in 2015.
DR. HUMBERTO CASPA
Fundacion Universitaria Juan de Castellanos
School of Law and International Politics
Fundacion Universitaria Juan de Castellanos
DR. DANIEL BARKLEY
Assistant Professor of Economics
School of Arts and Science
American University of Nigeria
Yola-Bye Pass, PMB 2250
Yola, Adamawa State, Nigeria
Daniel Barkley at Daniel@EconomicsOnTheMove.org
Cincinnati Reds – Concession Sales at Great American Ball Park
EOTM employs students to operate a concession stand at Reds home games. Operating such a firm entails learning money and management skills (scheduling), basic math (inventory and cash counts), reading comprehension and retail sales. In addition to earning some extra summer cash, students learn practical business economics.
Ardell Barkley at Ardell@EconomicsOnTheMove.org