Alumni Awards highlight profound impact, drive, and commitment of UMBC alumni and faculty

“People you see on this stage are not just amazingly talented, they are good people who have done great work,” shared President Hrabowski. “I can’t think of anything an educator would want more than that: People who care about others, who strive for excellence, and who never, never, never give up.” Continue reading Alumni Awards highlight profound impact, drive, and commitment of UMBC alumni and faculty

First year of UMBC Volunteer Income Tax Assistance program serves more than 100 local community members

The program was a tremendous success, with 83 percent of clients served receiving a refund and almost $126,000 in total refunds for the program. Almost two-thirds of the clients who received refunds said they planned to use it to pay off debt, pay past due bills, or save and invest the money. Continue reading First year of UMBC Volunteer Income Tax Assistance program serves more than 100 local community members

Congressman Elijah Cummings discusses UMBC’s research leadership and commitment to Baltimore during campus visit

Faculty speak about UMBC’s well-rounded research portfolio and focus in on research strengths in physics, geosciences, space science, and bioengineering; students share career goals and experiences working with local communities. Continue reading Congressman Elijah Cummings discusses UMBC’s research leadership and commitment to Baltimore during campus visit

Justin Velez-Hagan

UMBC economic policy researcher examines the impact of Puerto Rico’s debt crisis

Justin Vélez-Hagan, a Ph.D. student in UMBC’s School of Public Policy and executive director of the National Puerto Rican Chamber of Commerce, has been in the news recently after Puerto Rico defaulted on more bond payments, falling deeper into debt. Vélez-Hagan … Continue reading UMBC economic policy researcher examines the impact of Puerto Rico’s debt crisis

Goalkeeper Billy Heavner ’17 receives top academic honor in U.S. college sports

UMBC goalkeeper and men’s soccer co-captain Billy Heavner ’17, financial economics, has been selected to the 2015 Academic All-America Division I Men’s Soccer First Team by the College Sports Information Directors of America (CoSIDA). Heavner is the second UMBC men’s … Continue reading Goalkeeper Billy Heavner ’17 receives top academic honor in U.S. college sports

Dennis Coates weighs costs and benefits of public subsidies for sports franchises in OC Register op-ed

As several NFL franchises are competing to relocate to the Los Angeles area, Dennis Coates, a professor of economics, argues that facts do not support the claim that professional football would be an economic goldmine for Southern California. Coates wrote an op-ed published in The Orange County Register in which he argued public subsidies for professional sports franchises do not always provide the economic boom that officials hope for. In the column, Coates referenced a study he did with a colleague that was recently updated to examine the economic impact of professional sports teams in major cities across the country: “Our findings were … Continue reading Dennis Coates weighs costs and benefits of public subsidies for sports franchises in OC Register op-ed

Economist Douglas Lamdin shares analysis of gold mining stocks

Douglas Lamdin, Economics, had his recent study featured on the website of the American Association of Individual Investors (AAII). The article, “New Evidence on Whether Gold Mining Stocks are More Like Gold or Like Stocks” was co-authored with Mark Johnson of Loyola University, Maryland, and is forthcoming in the journal Alternative Investment Analyst Review. The study examined the role of gold and gold mining stocks in diversified portfolios. Lamdin and Johnson found that neither gold nor gold mining stocks are a hedge against declines in the stock market. Both gold and gold mining stocks, however, do provide diversification benefits, with … Continue reading Economist Douglas Lamdin shares analysis of gold mining stocks

Douglas Lamdin, Economics, Receives NABE Abramson Award

Douglas Lamdin, economics, was selected as the annual recipient of the Abramson Award for the outstanding article published in the past year in Business Economics, the journal of the National Association for Business Economics (NABE). The article, “Gauging the Financial Capability of Americans,” was coauthored with Mark Johnson, a faculty member in the Sellinger School of Business at Loyola University, Maryland. The past two recipients of this award were Lawrence Summers at Harvard University, and John Taylor at Stanford University. Continue reading Douglas Lamdin, Economics, Receives NABE Abramson Award

Social Sciences Forum: Surnames and Social Mobility: Why So Much Persistence of Status Across Generations? (9/8)

Social Sciences Forum Gregory Clark, professor of economics, University of California-Davis  Wednesday, September 9 | 4 p.m. Albin O. Kuhn Library 7th Floor  How much of our fate is tied to the status of our parents and grandparents? Using a novel technique–tracking family names over generations to measure social mobility across countries and periods—renowned economic historian Gregory Clark argues that social mobility rates are lower than conventionally estimated, do not vary across societies, and are resistant to social policies. Sponsored by the Department of Economics.  Continue reading Social Sciences Forum: Surnames and Social Mobility: Why So Much Persistence of Status Across Generations? (9/8)

Christelle Viauroux, Economics, Finds that Mandatory Life Jacket Use Could Reduce Recreational Boating Deaths by 80 Percent

A new study by Christelle Viauroux, an associate professor of economics, found that requiring recreational boat operators to wear life jackets would increase the odds of surviving a boating accident by 80 percent. Viauroux conducted the study with Ali Gungor of the U.S. Coast Guard’s Standards Evaluation and Analysis Division and the findings were published in Risk Analysis. The researchers used data from 2008 to 2011 from the U.S. Coast Guard’s Boating Accident Report Database (BARD) and compared life jacket use to other factors affecting fatalities in recreational boating. A major goal of the research was to assess the impact of … Continue reading Christelle Viauroux, Economics, Finds that Mandatory Life Jacket Use Could Reduce Recreational Boating Deaths by 80 Percent

UMBC Student Entrepreneurship Featured in the Baltimore Sun July Education Supplement

The economics department Student Investment Fund was highlighted in a Baltimore Sun July education supplement article featuring student entrepreneurship at colleges and universities in Maryland. The fund began in 2010: “The primary objective of the fund is to provide participating students an opportunity to gain valuable hands-on experience in security research, valuation of risky assets, asset allocation, and portfolio management, and, in turn, to increase the marketability of UMBC students in industries such as equity research, investment banking, commercial banking and corporate finance,” said Chunming Yuan, an assistant professor of economics and faculty adviser to the program. Bradlee Kilgore ’15, economics, is … Continue reading UMBC Student Entrepreneurship Featured in the Baltimore Sun July Education Supplement

Dennis Coates, Economics, Provides Perspective on Economic Impact of the Baltimore Orioles

With buzz surrounding last week’s 2015 home opener for the Baltimore Orioles at Camden Yards, economics professor Dennis Coates was in the news discussing what the recent success of the team means for business. In a Baltimore Sun article, Coates shared that if the team weren’t doing so well, money spent in and around Camden Yards would simply be spent in other areas of the city. “All we’ve really seen is a shift from one set of entertainment activities to another,” Coates said. “That’s not creating any big boost to the economy; it’s just moving around.” Coates added that out of town visitors … Continue reading Dennis Coates, Economics, Provides Perspective on Economic Impact of the Baltimore Orioles

Social Sciences Forum: Data and Discipline: Sampling the Science of Economic Turnaround (2/12)

On Thursday, February 12 at 4:00 p.m., Peter Blair Henry, Dean of New York University’s Stern School of Business, will present the Social Sciences Forum “Data and Discipline: Sampling the Science of Economic Turnaround.” The event will be held in the Albin O. Kuhn Library Gallery. The mathematical underpinnings of the “dismal science” can yield surprising results with the power to impact millions of lives around the globe. Using examples from his book, Turnaround: Third World Lessons for First World Growth, Peter Blair Henry discusses how scientific analysis of economic policy experiments can determine which policies, implemented under what conditions, create … Continue reading Social Sciences Forum: Data and Discipline: Sampling the Science of Economic Turnaround (2/12)

Dennis Coates, Economics, in The Buffalo News

As the discussion continues surrounding a potential new stadium for the Buffalo Bills, an article published January 24 in The Buffalo News examines the possible economic impact of a major sports and entertainment district in the city’s downtown. Economics Professor Dennis Coates was interviewed for the article and shared that new stadiums don’t necessarily generate job growth and economic development: “If the argument is being put forward that there’s going to be ancillary benefits and job growth discount all of that completely. There’s no evidence that they ever happen,” said Coates. “What I and many others have found is that using stadiums … Continue reading Dennis Coates, Economics, in The Buffalo News

UMBC Welcomed Into CFA Institute University Recognition Program

UMBC has become the latest university to be welcomed into the Chartered Financial Analyst (CFA) Institute University Recognition Program. The B.S. in Financial Economics program has been acknowledged as incorporating at least 70 percent of the CFA Program Candidate Body of Knowledge (CBOK), which provides students with a solid grounding in the CBOK and positions them well to sit for the CFA exams. This program sets up students well to obtain the CFA designation, which has become the most respected and recognized investment credential in the world. Entry into the CFA Institute University Recognition Program signals to potential students, employers, … Continue reading UMBC Welcomed Into CFA Institute University Recognition Program

Douglas Lamdin, Economics, in Pew Research Center News

An article published December 16 by the Pew Research Center examines the relationship between lower gas prices and consumer confidence in the economy. The article cites research by Douglas Lamdin, professor of economics, and Mark Johnson, a professor at Loyola University Maryland. Their research found a negative relationship between changes in gas prices and their impact on consumer sentiment. The excerpt from the Pew Research Center article can be found below: “[The Pew Research Center] plotted the monthly consumer-sentiment index against the monthly average price of regular gas (adjusted for inflation) and found a moderately strong negative correlation — that … Continue reading Douglas Lamdin, Economics, in Pew Research Center News

Dennis Coates, Economics, in Capital New York

In a recent article published in Capital New York, Economics Professor Dennis Coates discussed the economic impact of Brooklyn’s Barclays Center, home to the New Jersey Nets. The article described how businesses within and immediately surrounding Barclays have been benefiting from the Nets recent move from North Jersey to Brooklyn, but Coates described how it’s unclear that the arena’s impact on business is a sign of economic growth. “Did people not eat dinner before the Barclays Center?” said Coates. “Did they not go out to restaurants before the Barclays Center? They did, just not there.” He added, “if the eating and … Continue reading Dennis Coates, Economics, in Capital New York

Dennis Coates, Economics, in City Paper

Baltimore’s City Paper published an article on November 25 that examined the city’s current public construction boom, which by some estimates may exceed $10 billion, comparable to what was spent nationally by the Works Progress Administration during the Great Depression. Economics Professor Dennis Coates was interviewed for the article and explained that the public projects would likely increase the local economic growth rate by close to 15 percent. “It is certainly a construction jobs program, and I would contend it will affect growth positively, though precisely how much, especially in the short term, is questionable,” he said. “Avoiding broken water mains and the … Continue reading Dennis Coates, Economics, in City Paper

Tim Gindling, Economics, Interviewed in World Bank Jobs and Development Blog

Tim Gindling, economics, was interviewed for the World Bank Development and Employment blog about his work on self-employment in the developing world. Gindling joined Gary Fields from Cornell University and David Margolis from the University of Paris in an interview focused on why self-employment is so prevalent in developing economies, and what governments could do to improve the standard of living of self-employed workers in those economies. Click here to read “A Better Life for the Developing World’s Self-Employed.” Continue reading Tim Gindling, Economics, Interviewed in World Bank Jobs and Development Blog

Dennis Coates, Economics, Participates in Heinz College Carnegie Mellon University Panel: “Olympic Opportunity: Going for the Gold or Spending in the Red?”

Economics Professor Dennis Coates participated in a panel at Heinz College Washington, D.C., Carnegie Mellon University, on the complex business of bidding for large scale events such as the Olympics. Coates has done extensive research on public choice, public finance, and sports economics. Other panelists included Ngiste Abebe, Co-author, Bidding for Development, Trina Bolton, Co-author, Bidding for Development, and Chris Watts, Managing Director, 4POINT4. The event took place on Thursday, November 13 in Washington, D.C. and the description can be found below: “This panel will explore the complex business of bidding for mega-events. The panelists will weigh a city’s potential for long-term strategic … Continue reading Dennis Coates, Economics, Participates in Heinz College Carnegie Mellon University Panel: “Olympic Opportunity: Going for the Gold or Spending in the Red?”

Scott Farrow, Economics, Named Economics Coordinator for the Department of Homeland Security’s National Center on the Risk and Economic Analysis of Terrorism Events (CREATE)

Economics Professor Scott Farrow has been named part-time economics coordinator for the Department of Homeland Security’s National Center on the Risk and Economic Analysis of Terrorism Events (CREATE). The center was established in 2004 and is an interdisciplinary national research center based at the University of Southern California. The center is comprised of a team of experts from around the country who work to identify where terrorist attacks may occur and what the economic consequences of those attacks may be. On the website announcement that states Farrow will lead CREATE’s economic efforts, it reads: “CREATE researchers are making conceptual and empirical … Continue reading Scott Farrow, Economics, Named Economics Coordinator for the Department of Homeland Security’s National Center on the Risk and Economic Analysis of Terrorism Events (CREATE)

Dennis Coates, Economics, in The Baltimore Sun

After the nonprofit Washington 2024, an organization that is supporting bringing the 2024 Summer Olympics to Washington, D.C., recently launched its website, The Baltimore Sun published an article examining what Maryland’s role would be in hosting the Olympics, which still remains largely undefined. Economics Professor Dennis Coates was quoted in the story and said in order for D.C. to manage hosting the Olympics, it would need to host events in Maryland. “I think there is no way D.C. can manage it if they don’t get a buy-in from Maryland,” said Coates. “They’re probably going to use facilities at FedEx [Field].” He … Continue reading Dennis Coates, Economics, in The Baltimore Sun

Tim Brennan FCC Appointment Extended

The Federal Communications Commission (FCC) has extended the appointment of UMBC public policy and economics professor Tim Brennan as chief economist through December 31, 2014. Dr. Brennan’s appointment is part of an FCC program that brings in scholars from academia to provide outside perspectives and advice on challenging issues. Dr. Brennan has held the position of FCC chief economist since January, 2014. Continue reading Tim Brennan FCC Appointment Extended

Dennis Coates, Economics, in The Baltimore Sun and The Buffalo News

As the Buffalo Bills search for a new owner, state and county officials in New York could be faced with a complicated scenario if the new owner arrives with a demand to build a new stadium. An article published July 28 in The Buffalo News examines the question: do taxpayers get their money’s worth by public dollars helping to build sports stadiums?  Considering the situation in Buffalo, Economics Professor Dennis Coates was interviewed for the story and said teams are increasingly getting money from taxpayers to directly help with operating costs of stadiums. One of the arguments for a new stadium in Buffalo … Continue reading Dennis Coates, Economics, in The Baltimore Sun and The Buffalo News