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Virginia Association of Economists 42nd Annual Meeting

March 19 20, 2015


Randolph-Macon College
Birdsong Hall (Thursday) & Brock Commons (Friday)
Ashland, Virginia

THURSDAY, MARCH 19
11:00 A.M. 1:00 P.M.
REGISTRATION
Location: Birdsong Hall, second floor lobby
1:00 P.M. 2:15 P.M.
PLENARY SESSION: THE STATE OF THE COMMONWEALTH
Location: Birdsong Hall, Dalton Room
Chair: Sam Allen, Virginia Military Institute
Presenters:
1. Vinod Agarwal, Old Dominion University, The Hampton Roads Economy in 2015
2. Chris Chmura, Chmura Analytics, Economic Conditions Across the Commonwealth
2:15 P.M. 2:30 P.M.
REFRESHMENTS
Location: Birdsong Hall, second floor lobby
2:30 P.M. 4:00 P.M.
SESSION 1A: BANKING, PROFITS, AND VIRGINIA
Location: Birdsong Hall, Room 218
Chair: Sonya Ravindranath Waddell, Federal Reserve Bank of Richmond
Presenters:
1. Linda Hooks, Washington & Lee University, How Are Local Banks Different? Evidence from
Virginia
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2. Gustavo Ferreira, Virginia Tech, Profitability of Virginia Agritourism Industry: A Regression


Analysis
3. Bledi Celiku, Christopher Newport University, The Costs of Financial Crises: A Sectoral
Analysis

Discussants:
1. Joseph Mengedoth, Federal Reserve Bank of Richmond
2. Raymond MacDermott, Virginia Military Institute
3. Alice Kassens, Roanoke College

SESSION 1B: PREDICTING CHANGE, FAILURE


Location: Birdsong Hall, Room 220
Chair: Sam Allen, Virginia Military Institute
1. Atin Basuchoudhary, Virginia Military Institute, Predicting State Failure Whats Important
and Whats not: A Data Analytic Approach (with Jim Bang and Bill Shughart)
2. David Murphy, Lynchburg College, Cost Trends in Higher Education
3. Joe Turek, Lynchburg College, The Changing Economic Landscape of Higher Education
Discussants:
1. Justin Isaacs, Hampton-Sydney College
2. Joe Turek, Lynchburg College
3. Sam Allen, Virginia Military Institute

4:00 P.M. 4:15 P.M.


REFRESHMENTS
Location: Birdsong Hall, second floor lobby
4:15 P.M. 5:15 P.M.
SESSION 2A: WATCH & LEARN
Location: Birdsong Hall, Room 218
Chair: Justin Isaacs, Hampton-Sydney College

Presenters:

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1. Michelle Vachris, Christopher Newport University, Adam Smith's Impartial Spectator and
Man of System in Jane Austen
2. Michael Enz, Roanoke College, Using Self-Grading to Increase Learning and Improve Class
Performance
Discussants:
1. Tony Carilli, Hampton-Sydney College
2. James Clary, Hampton Roads PDC

SESSION 2B: UNDERGRADUATE PERSPECTIVES: STUDENT PRESENTATIONS


Location: Birdsong Hall, Room 220
Chair: Gregory Dempster, Hampton-Sydney College
Presenters:
1. Theodore Ellis, Roanoke College, Consumer Characteristics in the Market for Organic Food
2. Juna Luzi, Marymount University, Russian Colonialism: The Eastern Block vs. Satellite Nations

Discussants:
1. Linda Hooks, Washington & Lee University
2. C. Barry Pfitzner, Randolph-Macon College
5:15 P.M. 6:15 P.M.
STUDENT POSTER SESSIONS
Location: Birdsong Hall, Third Floor Atrium
Emma Webb, Roanoke College, Welfare and Childrearing: Misuse or Misconception?
William Corso, Roanoke College, Contemporary Health Issues in South Africa
Ancil Crayton, Christopher Newport University, Explaining Investment in Latin America
SPECIAL INFORMATION TABLES
Location: Birdsong Hall Second Floor Atrium
Josh Hewitt, SAS, Data Analytics
Atin Basuchoudhary, Virginia Military Institute, A New, Novel Undergraduate Journal
5:30 P.M. 6:30 P.M.
RECEPTION
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Location: Birdsong Hall Third Floor Atrium


6:30 P.M. 7:30 P.M.
DINNER
Location: Birdsong Hall, Dalton Room
7:30 P.M. - 8:30 P.M.
WILLIAM A. SANDRIDGE LECTURE
Location: Birdsong Hall, Dalton Room

Bootleggers and Baptists in the Garden of Good and Evil: Understanding America's Regulatory
Journey.
Dr. Bruce Yandle, Distinguished Adjunct Professor of Economics (Mercatus Center George
Mason University) and Dean Emeritus (Clemson University)

FRIDAY, MARCH 20
7:30 A.M. 8:30 A.M.
CONTINENTAL BREAKFAST
Location: Brock Commons, second floor
PAST-PRESIDENTS BREAKFAST
Location: Brock Commons, SGA Meeting Room
8:30 A.M. - 9:00 A.M.
BUSINESS MEETING
Location: Brock Commons, Dollar Tree Community Room

9:00 A.M. - 10:15 A.M.


FIRST MORNING SESSION 3: DATA ANALYTICS & SAS
Location: Brock Commons, Dollar Tree Community Room
Chair: Raymond MacDermott, Virginia Military Institute
Presenters:
1. Kenneth Sanford, SAS, and Josh Hewitt, SAS, From Economists to Data Scientists: How our
Discipline Can Participate in the Growth of Analytics.
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10:15 A.M. - 10:30 A.M.


REFRESHMENTS
Location: Brock Commons, second floor
10:30 A.M. - 12:00 P.M.
SESSION 4A: INTERNATIONAL ECONOMIC ISSUES
Location: Brock Commons, Dollar Tree Community Room
Chair: Tony Carilli, Hampton-Sydney College
Presenters:
1. Alice Kassens, Roanoke College, Health and Crime in Papua New Guinea
2. Chadwick Curtis, University of Richmond, Demographics and Aggregate Household Saving in
China, India, and Japan
3. Genta Menkulasi, University of Delaware, The impact of fiscal rules on economic growth:
Evidence from developing countries

Discussants:
1. Gustavo Ferreira, Virginia Tech
2. Atin Basuchoudhary, Virginia Military Institute
3. Gemma Kotula, Christopher Newport University
SESSION 4B: OLIGOPOLIES, CARTELS & COLLUSION
Location: Brock Commons, Sun Trust Theatre
Chair: Steven Lang, Randolph-Macon College
Presenters:
1. Shakun Mago, University of Richmond, Collusion with Private Information: An Experiment on
the Role of Side Payments
2. Daniel Mackay, University of Richmond, Estimating the Impact of Investment Tax Credits on
Aircraft Demand
3. Adelaja Odutola, Virginia Union University, The NCAA Cartel Behavior: Will it yield to
Market Pressures?
Discussants:
1. Alexi Orlov, Radford University
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2. Bledi Celiku, Christopher Newport University


3. Michelle Vachris, Christopher Newport University

***Those interested in the OPTIONAL GOLF OUTING on Friday afternoon should contact Barry
Pfitzner:

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