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Mahmoud Salari

October 2015

Contact Information
Texas Tech University
263 Holden Hall
Lubbock, TX 79419

E-mail: mahmoud.salari@ttu.edu
Phone: +1 (806) 474-9549
Website: http://www.myweb.ttu.edu/samahmou

Education
Ph.D., Economics, Texas Tech University, Expected Summer 2016
Dissertation Title: Essays in Applied Microeconomics (abstracts below)
Culture and Economic Decisions
A New Approach for Modeling Residential Energy Consumption
Residential Energy Demand in the United States

Main Advisor: Dr. Robert McComb


M.S., Financial Management, University of Tehran, 2011
B.S., Accounting, University of Tehran, 2007

Research Interests
Applied Microeconomics, Labor Economics, Energy Economics

Publications
Culture and Economic Decisions: The Impact of Intergenerational Cultural Transmission on Female
Labor Force Participation (under review).
Residential Energy Demand in the United States: Analysis Using Static and Dynamic Approaches
(under review).
A New Approach for Modeling Residential Energy Consumption: Evidence from Households in the
United States (under review)
How Do Investors React to the Earnings Announcements? (with Vahid Mahmoudi and Saeed
Shirkavand), International Research Journal of Finance and Economics, July 2011, Issue 70,
145-152.
A Study on Behavioral Finance in Tehran Stock Exchange: Examination of Herd Formation (with
Majid Khoshsirat), European Journal of Economics, Finance and Administrative Sciences, May
2011, Issue 32, 167-183.

Teaching Experience
(Teaching evaluations are available upon request)

Instructor of record, Principles of Economics II, Texas Tech University, Fall 2015.
Instructor of record, Principles of Economics I, Texas Tech University, Fall 2014 and Spring
2015.
Teaching Assistant, Intermediate Macroeconomics, Texas Tech University, Summer 2015.
Teaching Assistant, International Economics, Texas Tech University, Summer 2015.
Teaching Assistant, Principles of Economics II, Texas Tech University, Summer 2014.
Teaching Assistant, Taxation and Public Expenditure, Texas Tech University, Spring 2014.
Teaching Assistant, Intermediate Economic Theory, Texas Tech University, Fall 2013 and

Spring 2014.
Teaching Assistant, Principles of Economics I, Texas Tech University, Fall 2012, Spring
2013, and Summer 2013.

Awards

Texas Tech Research Travel Awards, Summer and Fall 2015.


The 4th Texas Tech Annual Arts and Humanities Graduate Research Conference 2nd best
panel presentation, Fall 2014.
Presidential Doctoral Scholarship, Texas Tech University, 2012-2015.

Conference and Presentations


Residential Energy Demand in the United States: Analysis Using Static and Dynamic
Approaches, Missouri Valley Economic Association Annual Meetings, Kansas City, MO, 2015.
A Comprehensive Model of Household Energy Consumption, American Society of Mechanical
Engineers, Annual Meeting, Session on Economic and Environmental Analysis of Alternate
Energy Systems, San Diego, CA, 2015.
The Effect of Biodiesel Production on the CO2 Emissions and Area Harvested for Oilseeds,
International Conference on Green Energy & Expo, Orlando, FL, 2015.
The implications of intergenerational transmission in female labor force participation, The 4th
Annual Arts and Humanities Graduate Research Conference, Lubbock, TX, 2014.
The examination of existence of herd behavior in Tehran Stock Exchange, Annual Meeting of
the Academy of Behavioral Finance & Economics, Chicago, IL, 2010.

Software Skills
Stata, EViews, MATLAB, Dynare, LaTeX

Languages
English (fluent), Persian (native)

References
Robert McComb (Chair)
Associate Professor of Economics
Texas Tech University
Phone : +1 (806) 834-8852
Email: robert.mccomb@ttu.edu

Rashid Al-Hmoud (Graduate Advisor)


Associate Professor of Economics
Texas Tech University
Phone : +1 (806) 834-2732
Email: rashid.al-hmoud@ttu.edu

Masha Rahnama
Associate Professor of Economics
Texas Tech University
Phone : +1 (806) 834-4284
Email: m.rahnamamoghadam@ttu.edu

Terry von Ende


Associate Professor of Economics
Texas Tech University
Phone : +1 (806) 834-0857
Email: eleanor.vonende@ttu.edu

Dissertation (Abstracts)
Culture and Economic Decisions: The Impact of Intergenerational Cultural Transmission on Female
Labor Force Participation (Job Market Paper)
Cultural attitudes may impact economic decisions, especially those concerning female labor force
participation. To distinguish the economic/institutional effects from the cultural effects on female
labor force participation, an epidemiological approach is used studying second-generation immigrant
women, some of whom kept their heritage languages, and some of whom did not. Cultural proxies are
found to be statistically significant for women who kept their heritage languages when controlling for
characteristics of the women, their husbands and their families. Additionally, second-generation
womens decisions to work might depend on their origin characteristics due to unobserved
heterogeneity. The results show that the cultural proxies are positively significant explanatory
variables for those women who kept their heritage languages when controlling origin characteristics.
This study demonstrates the importance of heritage language for cultural transmission from one
generation to the next.
A New Approach for Modeling Residential Energy Consumption: Evidence from Households in the
United States
Energy consumption is one of the main elements that affects fossil fuel depletion, pollution, and
global warming. Reducing household energy consumption is a key goal of policy makers.
Accordingly, this paper aims to investigate the main factors that significantly impact this consumption
and uses variables in five different categories: socio-economics and demographics, building
characteristics, location situation, temperature, and energy prices. The database uses household energy
expenditure in the United States from 2010 to 2012 as a model of household energy consumption for
more than 560,000 households. Multivariate regression analysis is an attractive benchmarking
application, while multicollinearity issues among explanatory variables often lead to unreliable
regression models. Principal component analysis can convert correlated co-linear variables to
orthogonal components and results in unbiased multivariate regression. Additionally, Principal
component regression is able to use fewer orthogonal principal components that are combinations of
original variables. The primary results indicate that the socio-economics and demographics of level of
householders education, the building characteristics of building age and attached building, and the
locational characteristic of metropolitan area have statistically negative impacts on household energy
consumption. Principal component regression as a comprehensive model is able to describe household
energy consumption while keeping the effect of all the original variables in the model.
Residential Energy Demand in the United States: Analysis Using Static and Dynamic Approaches
The residential sector is the main consumer of energy in most countries, and reducing energy
consumption is an important goal for countries around the world. Many states in the U.S. consume
more residential energy than some countries; thus, state-level analysis is important for the U.S., which
experiences large variation in residential energy demand from state to state. This study presents an
empirical analysis of residential electricity and gas demand using panel data at the state level for 48
U.S. states from 2005 to 2013. This study uses the static panel estimation approach as well as the
dynamic panel estimation approach with several robustness checks to estimate residential electricity
and gas demand. The results show the impact of socio-economic and demographic characteristics,
building age, energy prices, and weather conditions on the residential energy demand at the state level
for both static and dynamic estimation models.

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