EOTM Research Fellow Graduates from Columbia University

Pablo Andres Bejar EOTM 2010-2011 Research Fellow

Pablo Andres Bejar EOTM 2010-2011 Research Fellow

Pablo Andres Bejar, Economics On The Move’s (EOTM) 2010-11 Research Fellow has graduated with a Masters Degree from Columbia University’s School of International and Public Affairs (SIPA).

EOTM awarded Pablo a Research Fellowship in 2010 to support the revision of his thesis paper: “A Current Analysis of Firm Foundation Giving and its Effects on Corporate Financial Performance for American Companies” for presentation at the Imgard Conix Foundation’s “Workshop II: Financialization and Corporate Social Responsibility” in Berlin, Germany in 2011.

Pablo has made many important contributions to EOTM; he has written grant applications and letters of inquiry to private foundations and government agencies on our behalf.

Please join me in congratulating Economics On The Move Research Fellow Pablo Bejar on his remarkable achievements. We are grateful to have been able to contributed to his success.

EOTM Support Foundation/ Nigeria

EOTM Support Foundation

From left-to-right: Zakari Ribadu, Idris Ribadu, Nuruddeen Nyako, Abdul Mahmood, Mustapha Nyako, Muhammed Murtala, Abdulsalam Ahmed and Abubakar Radda

Economics On The Move (EOTM) Support Foundation is an an registered Nigerian NGO  (CAC/IT/NO 82892) whose mission is to promote the social and economic development of Nigeria.

Our innovative projects and programs include: (1) Training Internally Displaced Individuals (IDPs) and (2) the economic development and integration of Nigeria’s industrial clusters.

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EOTM Partners with the Bicycle Riders International Cooperative Society (BRICS)

About Us: Changing Lives

Bicycle Riders International Cooperative Society (BRICS) is a community-based NGO that promotes cycling sports and related activities as vehicles for change in Yola, Nigeria. BRICS has made remarkable progress in a relatively short time. BRICS has trained over 20 kids to unicycle, established pen-pal writing correspondences with unicycling kids in the USA, fabricated unicycles locally (pictured, left) and started an advertising venture featuring Yola’s unicycling kids.

BRICS kids with Pen-Pal Letters from Cincinnati, Ohio USA

BRICS kids with Pen-Pal Letters from Cincinnati, Ohio USA


Our Vision: Giving Hope

In recognition of the invaluable asset youth are to the future prosperity, peace and sustainability of our community, BRICS is committed to cycling initiatives that honor and nurture the talents and abilities of Yola youth.

Isa and Marvelous training Ahmed (centered) to unicycle

Isa and Marvelous training Ahmed (centered) to unicycle


Our Mission: Shaping the Future

In addition to having fun learning how to unicycle, our kids learn discipline, cooperation, leadership, responsibility and team spirit in a safe and nurturing space.

BRICS President Nuruddeen Nyako instructing youth on riding unicycles in formation

BRICS President Nuruddeen Nyako instructing youth on riding unicycles in formation.


Empowering Youth

BRICS students learning computer skills at the AUN School of Information Technology and Computing

BRICS students learning computer skills at the American University of Nigeria School of Information Technology and Computing




Advertise With Us

Unicycling is a new sport in Adamawa State and its eye-catching performances present an opportunity to generate revenue through various advertising platforms. BRICS unicyclist are available to perform at event including parades, grand openings, weddings and birthdays.

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BRICS paid a visit to TVGotel as part of the 2014 Children's Day Celebration. BRICS President, Nuruddeen Nyako and trainee Daniwa Gambo were featured in the breakfast TV Show, SAFIYA (May 27, 2014).

BRICS paid a visit to TVGotel as part of the 2014 Children’s Day Celebration. BRICS President, Nuruddeen Nyako and trainee Daniwa Gambo were featured in the breakfast TV Show, SAFIYA (May 27, 2014).


Contact Us


Bicycle Riders International Cooperative Society (B.R.I.C.S.)

23/24 Amana Shopping Complex
Lamido Zubairu Way
By Yola Model School Junction
Yola South
Adamawa State, Nigeria
+234 814 188 6500
+234 807 209 1982

EOTM @ Yale

This summer EOTM student Richard Sanchez will be teaching two courses at Yale University: “International Economic Development” and “Price, Profit +Providing.”

Richard has excelled his academic endeavors. He made the Dean’s List and Honor Roll at California State University Fullerton (CSUF) Roll in 2009. As an undergraduate student, Richard was Vice President of the Business Inter-Club Council, a campus group responsible for raising funds for professional guest-speakers and on campus activities designed to promote and represent the Economics Department.  Richard also helped raise funds and organize EOTM’s trip to Uganda.

Richard is a product of EOTM. He graduated from California State University, Fullerton (CSUF) with Bachelors degree in economics where he took several courses with EOTM founder Dr. Daniel Barkley. He is the first in his family to attend and complete college. Richard’s goal is to reach out and give back to the youth in his community and groom future leaders.

You can learn more about these courses at:


EOTM Went To Uganda!

EOTM Treasurer, Darshan Rangnath, accompanied the International Children’s Network (ICN) to Uganda in September.

ICN is a nonprofit organization that sponsors the education of at-risk children in developing countries.  Darshan volunteered with sponsorship outreach and medical help for some of Africa’s neediest children.

Through ICN, EOTM is sponsoring the middle school education of Nsubuga Juma of Kampala, Uganda. EOTM is partnering with the Economics and Statistics Department at Kyambogo University on a microeconomics course featuring tours of firms, government agencies, and nongovernmental organizations operating in Uganda.

EOTM|Fellowship Program for Graduate Students

EOTM Graduate Fellowship is a scholastic award
Meet EOTM’s 2010 Fellows
Fellowship Qualifications:
  • 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
*2014-2015 Applications must be submitted to info@EconomicsOnTheMove.org by October 1, 2014.

2010-11 EOTM Fellow: Pablo Andres Bejar

Pablo Andres Bejar, Bolivia

Pablo Andres Bejar, Bolivia

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.

EOTM Flips!

Economics On The Move is excited to announce that Flip Video’s charitable organization “Flip Video Spotlight” has become our newest partner.

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.

EOTM sponsors a child in Uganda

sc001746d9The 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.