Published Papers:

• "Asymmetric Effects of the Business Cycle on Firm-Financed R&D Expenditures."   Co-authored with Mark Funk of the University of Arkansas at Little Rock.  Economics of Innovation and New Technology (4/5: 2008). 

• "The Bayh-Dole Act and University Funding of Basic R&D Expenditures."  Research Policy (1: 2008).

• "The Effect of Expected and Unexpected Volatility on Long-Run Growth: Evidence from 18 Developed Economies." Southern Economic Journal (3:2005).

• "Demand Shocks and Firm-Financed R&D Expenditures." Co-authored with Mark Funk of the University of Arkansas at Little Rock. Applied Economics (14: 2004).

• "Growth Business Cycle Interaction: A Look at the OECD."  International Advances in Economic Research (3:2004).

• "The Effect of Demand Shocks on Firm-Financed R&D." Co-authored with Mark Funk of the University of Arkansas at Little Rock. Research in Economics (3:2004).

• "Do Business Cycles Stimulate Long-Run Growth?  The Influence of Aggregate Demand on Firm R&D Expenditures." Eastern Economic Journal (4:2003)

• "Do Business Cycles Alter the Composition of R&D Expenditures?" Contemporary Economic Policy (3:2003).

• "Black's Hypothesis and Developed Economies." Journal of Economics and Finance (3:2002).

• "Did Monetary Policy Cause Japan's Problems?" Pennsylvania Economic Review (2:2002).

• "Central Bank Transparency and Market Efficiency: An Econometric Analysis." Journal of Economics and Finance (2:2002). Co-authored with Marc Tomljanovich of Colgate University.

Working Papers:

• "Gradual Decline or Sudden Drop? The Timing of the Decline in Output Volatility."

• "Equity Compensation and Firm-Financed R&D." Co-authored with Matt O’Connor of Quinnipiac University.

• "Outrageously Large Executive Compensation: How Much Does it Really Harm Shareholders?"  Co-authored with Matt O’Connor of Quinnipiac University.

• "Executive Compensation and Firm Market Value."  Co-authored with Matt O’Connor of Quinnipiac University.

• "Corporate Governance and Innovation."  Co-authored with Matt O’Connor of Quinnipiac University.

Refereed Papers for:

• Contemporary Economic Policy

• Economics of Innovation and New Technology

• Empirical Economics

• Southern Economic Journal

Conference Presentations:

• Issues in Executive Compensation session of the Western Economic Association International conference held in San Diego, CA in July 2006.  The title of the paper presented was “Equity Compensation and Firm-Financed R&D.”

• Finance session of the Conference on Trends in Global Business held in New Haven, CT in April 2006.  The title of the paper was “Equity Compensation and Firm-Financed R&D.”

• Firm-financed R&D and the Business Cycle session of the Eastern Economic Association conference held in New York, NY in March 2005.  The title of the paper presented was “Equity Compensation and the Sensitivity of R&D to Cash Flow.”

• “Challenging Our Best Students: Experiences with Honors Economics Principles” (with Donn Johnson), paper presented at the Annual Conference of International Society for Exploring Teaching and Learning, Fort Collins, Colorado, 2003.

• Neoclassical Growth Theory, Convergence, Empirical Evidence and Volatility session of the Eastern Economic Association conference held in New York, New York in February 2003.  The title of the paper was “The Effect of Expected and Unexpected Volatility on Industrial Production.”      

• Effects of Volatility on Growth Session of the Western Economics Association International conference held in Seattle, Washington in June 2002.  The title of the paper presented was “The Effects of Output Volatility on Growth at the Industry Level.” 

• Studies of U.S. Business Cycles Session of the Eastern Economic Association conference held in Boston, Massachusetts in March 2002.  The title of the paper presented was “The Relationship Between Output Growth and Volatility at the Industry Level.” 

• Studies in the Japanese Economy session of the Eastern Economic Association conference held in New York, New York in February 2001.  The title of the paper presented was “Did Monetary Policy Cause Japan’s Problems?” 

• Income Redistribution, Recessions, and Trade Shocks session of the Western Economics Association International conference held in San Francisco, California in July 2001.  The title of the paper presented was “Do Recessions Stimulate Firm-Financed R&D? A Look at Firm Level Data.”  The paper was in collaboration with Mark Funk from the University of Arkansas at Little Rock.    

Consulting:

• Connecticut Petroleum Council (branch of the American Petroleum Institute).

Non-refereed Publications:

• "'Protecting Consumers' by Raising Gasoline Prices?" Co-authored with Christopher Ball and Mark Gius of Quinnipiac University. Regulation (2:2007).

• "Three Ways to Bring Down Gasoline Prices in Connecticut."  Co-authored with Christopher Ball and Mark Gius of Quinnipiac University. New Haven Register (May 6, 2007).

• "Pumping Out the Numbers." Co-authored with Christopher Ball and Mark Gius of Quinnipiac University. New York Times (April 22, 2007).

• Go to Matthew Rafferty's course page
• Go to Economics Department home page.
  
• Go to Quinnipiac University home page.

Last modified September 29, 2008.