Emmanuel Anoruo, Ph.D.

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CAREER OBJECTIVES

Position as a professor of economics and finance in a progressive institution of higher learning; where my teaching and research skills can be fully utilized. This position is expected to provide opportunities for professional growth.

AREAS OF INTEREST 

Teaching: Teaching: Financial Institutions and Markets, Investments, Managerial Finance, Macroeconomics, Microeconomics, Mathematical Economics, Fiscal Policy, Monetary Economics, Money and Banking, Statistics, and Labor Economics.

 

Research: Market linkages, income inequality, and economic growth

WORK EXPERIENCE

  • Professor of Economics and Finance: Department of Management science and Economics Coppin State University  ¾ Fall 2005 to Present
  • Associate Professor of Economics and Finance: Department of Management science and Economics Coppin State University ¾ Fall 2002 to Spring 2005
  • Assistant Professor of Economics and Finance: Department of Management science and Economics Coppin State College  ¾ Fall 1997 to Spring 2002
  • Responsibilities include developing and teaching lower and upper level undergraduate courses such as Introduction to Economics, Managerial Economics, Fundamentals of Investment Management, Personal Financial Management, Money and Banking, Macro and Microeconomics, Comparative Economic Systems, Managerial Finance, International Financial Management, Financial Institutions & Markets, Forecasting for Business and Economics.
  • Currently teaching Introduction to Economics, Principles of Economics and Fundamentals of Investment Management online.
  • Adjunct Assistant of Economics: Department of Management science and Economics Coppin State College Spring 1988 to Spring 1997Responsibilities include developing and teaching lower and upper level undergraduate courses such as Introduction to Economics, Managerial Economics, Labor-Management Relations, Money and Banking, Macro and Microeconomics, Comparative Economic Systems, Statistics, Managerial Finance, and Personnel Selection.
  • Adjunct Assistant Professor: Department of Business and Management University of Maryland University College Fall 1997 to Present
  • Responsible for teaching upper level Financial Management, Business Finance, Investments, and Commercial Bank Management on the ITV system.
  • Lecturer II: Department of Economics Howard University

      Fall 1994 to spring 1996

      Responsible for teaching Principles of economics I, Mathematical Economics, and Money and Banking.

      Other responsibilities include counseling, grading, and progress evaluation of undergraduate students.

     Fall 1992 to Present

     Responsibilities include teaching Macro- and Microeconomics.

  • Assistant Professor of Business Administration: School of Graduate Studies and Research Morgan State University
  • Summer 1999 to Present
  • Responsible for teaching graduate level courses -- namely International Business Management, Marketing Research, Business Research Methods and Business Environment.

EDUCATION

Howard University

Ph.D. Economics May 1997.

Primary Field of Study: Monetary Economics
Secondary Field of Study: Financial Economics

Morgan state University

MBA - Finance, May 1985.
BS - Business Administration, May 1984.

American Institute of Banking, Baltimore Chapter

Diploma - Bank Management Skills and Theory, December 1986.

COMPUTER SKILLS

Conversant with the following software programs: 

·        Regression Analysis of Time Series (RATS)

·         Cointegration Analysis of Time Series (CATS)

·        Eviews (Quantitative Micro Software)

·         Microfit 4.0

·        Microsoft Excel and Word

·         STATA

·        Blackboard (Course authoring tool)

PROFESSIONAL ACTIVITIES

DISSERTATION:

Title: "Macroeconomic Effects of External Debt: A Comparative Study of Highly Indebted Countries"

Dissertation Advisor: Dr. Satish Wadhawan

Editorial Services:

  • Associate Editor: Journal of Industrial, Business & Economic Research, 2001 to present
  • Associate Editor:  Indian Journal of Economics and Business, 2004 to present
  • Editorial Adviser: African Economics and Business Review, 2005-present
  • Director: Academy of Economics and Finance, 2004 to present
  • ETS Reader in Economics, 2004 to present

Reviewer:

  • Southern Business and Economic Journal
  • African Development Review
  • International Studies Quarterly
  • The American Economist
  • Review of Development Economics
  • Indian Journal of Economics and Business
  • Journal of Developing Areas

·        African Economic and Business Review

REFERRED JOURNAL PUBLICATIONS

  1. "Are Current Account Deficits Sustainable among African Countries? A Panel Cointegration Approach”, The ICFAI International Journal of Applied Economics Vol. 5, Issue 1, 2005.
  2. “Economic Growth and Stock Returns: Some Causality Tests for Canada and the U.S,” European Journal of Economics, Finance and Administrative Sciences, Vol. 2, No. 1, 2005, with Bansi Sawhney.
  3. “Creativity, Innovation, and Export Performance,” Journal of Policy Modeling (Forthcoming, 2005), with Bill DiPetro.
  4. “Are Inflation Rates Mean-Reverting or Random Walks? Evidence from Selected African Countries” Journal of Development Alternatives and Area Studies, (Forthcoming, September 2005) with Uchenna Elike
  5. "Money-Real Output Nexus in Nigeria: A Nonparametric Cointegration Approach”, The ICFAI Journal of Monetary Economics Vol. VII, No. 6, Nov. 2005.
  6. "International Trade and Global Income Inequality" International Journal of Applied Economics, (Vol. 2, Issue 1, 2005), with William DiPietro.
  7. "Macroeconomic Determinants of the Income Shares of the Very Highest Income Groups", with William DiPietro and Bansi Sawhney, Review of Applied Economics, Vol. 1, No.1, 2005.
  8. "Determinants of the Very Highest Income Shares of the Very Highest Income Shares: The Case of France,” with William DiPietro and Bansi Sawhney, Review of Applied Economics, Volume 1, No. 2, 2005   
  9. "International Capital Mobility: Evidence from Developing Countries" The ICFAI International Journal of Applied Economics, (Volume IV, No 5, September 2005).
  10. "Long Memory in Inflation Rates: Evidence from Select African Countries " The ICFAI  Journal of Monetary Economics, (Volume IV, No 5, November 2005).
  11. “Corruption and Economic Growth: A Dynamic Data Approach " Journal of Sustainable Economic Development in Africa (Vol. 7, No. 1, Spring 2005) with Habtu Braha
  12. "The Permanent and Transitory Effects of Budget Deficits on Private Investment in South Africa,” Studies in Economics and Econometrics (Vol. 29, Issue 2, 2005), with Habtu Braha.
  13. “Dynamics of External Debts among Heavily Indebted Poor Countries: A Panel Data Approach”, with Yusuf Ahmad and Young Dimkpah, Journal of International Business Research (Forthcoming, 2005).
  14. "Government Spending and Private Consumption among Select African Countries: A Panel Data Approach," Indian Journal of Economics and Business, (Vol. No. 2, 2005).
  15. "Testing Weak and Strong Forms of PPP for Eight Asian Countries”, with Habtu Braha, Journal of Industrial, Business & Economic Research (JIBER), January-June, Vol. 8, No. 1. 2004.
  16. "The Dynamics of Financial Deepening, Economic Growth and Real Deposit Rate: The South African Experience," Southern Business and Economic Journal, (Vol. 25, No. 3, 2003).
  17. "The Effect of Consumer Expectations on Portfolio Asset Allocation" with S. Ramchander, and M. Simpson, Journal of Financial Planning, (September 2003, Issue, Article No. 8).
  18. "The Impact of Population Growth on Botswana's Economic Growth" with Habtu Braha, Journal of Sustainable Economic Development in Africa, (Vol. 5, No.2, Fall 2003)
  19. "An Empirical Investigation into the Budget Deficit-Inflation Nexus in South Africa" The South African Economic Journal, (Vol. 71, No. 2, June, 2003).
  20. "Return Dynamics Across the Asian Equity Markets” with S. Ramchander and H. Thiewes, Journal of Managerial Finance, (Vol. 9, No. 3, 2003)
  21. "Cross Boarder Linkages among Asian Closed-End Funds" with S. Ramchander and H. Thiewes, Journal of Economics and Finance, (Vol. 27, No. 2, Fall, 2003).
  22. "Stability of the Nigerian M2 Money Demand Function in the SAP Period," Economics Bulletin, 2002, Vol. 14 No. 3.
  23. "Currency Substitution in Nigeria" with H. Braha, Journal of Industrial, Business & Economic Research (JIBER). (Volume 6, No. 1, January-June 2002).
  24. "Saving and Investment Connection: Evidence from the ASEAN Countries" The American Economist (Vol. 45, No.1, spring 2001).
  25. "Cross Boarder Linkages among Asian Closed-End Funds" with S. Ramchander and H. Thiewes, Journal of Industrial, Business & Economic Research (JIBER). (Volume 6, No. 2, July-December 2002).
  26. "International Transmission of Lending Rates: The Case of Developing African Countries" with S. Ramchander and H. Thiewes, Journal of Industrial, Business & Economic Research (JIBER). (Volume 5, No. 2, July-December 2001)
  27. "An Examination of the Long-Run Relationship Between Money Between Money and Inflation: The Case of South American Countries" with H. Braha and Y. Ahmad, Journal of Industrial, Business & Economic Research (JIBER). (Volume 5, No. 1, January-June 2001).
  28. "Purchasing Power Parity: Evidence from Developing Countries" with H. Braha and Y. Ahmad, International Advances in Economic Research, (Volume 8, No. 2, May 2002).
  29. "Causal Relationship Between Domestic Savings and Economic Growth: Evidence from Seven African Countries" with Yusuf Ahmad, African Development Review (Vol. 13, No. 2, December 2001).
  30. "Equilibrium Relationship Between Inflationary Expectations and Short-Term Interest Rates: Evidence from Emerging Economies," (with S. Ramchander and S. Wilcox), International Journal of Finance Vol. 12, No. 4 (Special Issue), 2000, pp. 1876 -1897 (edited by K. Dandapani, Gulser Meric, Ilhan Meric).
  31. "Openness and Economic Growth: Evidence from Selected ASEAN Countries" with Yusuf Ahmad, The Indian Economic Journal (Vol. 47, No. 3, January/March 2000).
  32. "Causal Relationship Between Exchange Rate and Inflation: Evidence from Four Asian Countries" Wilberforce University Business and Economics Review (Vol. 2, No. 1, May 2002)
  33. “Trade Policies and Macroeconomic Expansion in Mexico,“ with S. Ramchander, Wilberforce University Business and Economics Review (Vol. 2, No. 1, May 2002)
  34. "Current Account and Budget Deficit: Evidence from India," with S. Ramchander. The Indian Economic Journal (Vol. 45, No. 3, January/March 1998).
  35. "Current Accounts and Budget Deficits: Evidence from Five Developing Economies of Asia," with S. Ramchander. Journal of Asian Economics (Vol. 9, No.3, Fall 1998).
  36. “International Linkage of Interest Rates: Evidence from the Emerging Economies of Asia” with S. Ramchander and H. Thiewes, Global Finance Journal, (Vol. 13, No. 3, 2002)

REFEREED RESEARCH NOTES

 

  1. "Testing Weak and Strong Forms of PPP for Asian Countries" with Habtu Braha, International Advances in Economic Research,  (Vol. 8, No. 3, August 2002)
  2. "Long-Run Relationship Between Population and Economic Growth in Botswana" with Habtu Braha, International Advances in Economic Research, (Vol. 9, No. 2, May 2003)
  3. "Australian Long-Run Import Demand Elasticities: Further Evidence" with Solomon Usianeneh, International Advances in Economic Research, (Vol. 9, No. 3, August 2003)

PAPERS IN REFEREED PROCEEDINGS

1.      "Real Exchange Rate Behavior in Africa" with Habtu Braha in the Proceedings of Academy of Economics and Finance (Vol. 29, Summer 2005)

2.      "Contagion Effects in the Latin American Closed-end Fund Market: Evidence from the 1990s Financial Crises" with S. Ramchander and H. Thiewes in the Proceedings of Academy of Economics and Finance (Vol. 29, Summer 2005)

3.      "Investigating the Relationship between Stock Prices and Economic Growth: Evidence from Canada and the U.S." with Bansi Sawhney in the Proceedings of the Northeast Business and Economics Association (Summer 2004)

4.      "The Permanent and Transitory Effects of Budget Deficit" with Habtu Braha in the Proceedings of Academy of Economics and Finance (Vol. 28, Summer 2004)

5.      "Testing the Existence of Currency Substitution in Nigeria," with H. Braha, in the Proceedings of Academy of Economics and Finance (Vol. 26, Summer 2002)

6.      "Interdependence Among the Asian Closed-End Funds," with S. Ramchander and H. Thiewes, in the Proceedings of Academy of Economics and Finance (Vol. 26, Summer 2002)

7.      "The Relation of Money Supply to Inflation: Evidence from Four South American Countries," with H. Braha and Y. Ahmad, in the Proceedings of Academy of Economics and Finance (Vol. 25, Summer 2001)

8.      "International Interest Rate Linkages Among African Countries," with S. Ramchander and H. Thiewes, in the Proceedings of Academy of Economics and Finance (Vol. 25, Summer 2001)

9.      "International Linkage of Stock Markets: Evidence from the Emerging Economies of Asia,” with S. Ramchander and H. Thiewes, in the Proceedings of Academy of Economics and Finance (Vol. 24, Summer 2000)

10.  “Export Growth and Economic Performance: Evidence from Mexico,” with S. Ramchander, in the Proceedings of Academy of Economics and Finance  (Vol. 23, No. 2, Summer 1999)

11.  "Budget Deficits and Private Investment Nexus: Evidence from South Africa" with H. Braha, in the 2001 Proceedings of International Academy of African Business and Development, April 2001

12.  Teaching Economics Online in the Proceedings of International Business School Computing Association 28th Annual Conference, July 16-18, 2000 (Gannon University, Erie Pennsylvania).

ARTICLES UNDER REVIEW:

  1.  The Effects of Military Expenditures on Income Inequality in the United States” with Bansi Sawhney and Bill DiPetro (Journal of Peace Research, 2005).
  2.  “Nonlinear Real Exchange Rate Behavior: Are the African Currencies Exceptional?,” (The Journal of Developing Areas, 2005) with Venus Khim-Sen Liew
  3. “External Debt Burden, Foreign Direct Investment Remittances, and Economic Growth: Empirical Evidence from Nigeria,” (The African Business and Economic Review, 2005) with Chinedu Ezirim and Michael Muoghalu
  4. “Fractional Integration Analysis of Real Short-Term Interest Rates: Evidence from Select African Countries,” (Global Review of Business and Economic Research, 2005) with Habtu Braha and Uche Elike.
  5. "The Long-Run Relationship between Real Exchange Rate and Short-Term Interest Rate: Evidence from South Africa". Asian-African Journal of Economics and Econometrics (2005).

PRESENTATIONS:

  1. "The Nonlinear Relationship between Interest Rates and Exchange Rates in Africa", 60th International Atlantic Economic Conference, October 6-9, 2005 (New York).
  2. "Fractional Integration Analysis of Real Short-Term Interest Rates for Select African Countries", 60th International Atlantic Economic Conference, October 6-9, 2005 (New York), with Habtu Braha.
  3. “Are Inflation Rates Mean Reverting or Random Walk? Evidence from Select African Countries” 32nd Annual Meeting of Academy of Economics and Finance, February 9-12, 2005  (Myrtle, South Carolina).
  4. "Real Exchange Rate Behavior in Africa: A Fractional Integration Approach", 32nd Annual Meeting of Academy of Economics and Finance, February 9-12, 2005  (Myrtle, South Carolina) with Habtu Braha
  5. "Crisis, Contagion and Cross-border Effects: Evidence from the Latin American Closed-end Fund Market, " 32nd Annual Meeting of Academy of Economics and Finance, February 9-12, 2005  (Myrtle, South Carolina) with S. Ramchander and H. Thieves
  6. "Corruption and Economic Growth: A Dynamic Data Approach ", 56th International Atlantic Economic Conference, October 7-10, 2004 (Chicago, Illinois) with Habtu Braha
  7. "Testing for Neutrality of Money for Nigeria: A Nonparametric Cointegration Approach ", 56th International Atlantic Economic Conference, October 7-10, 2004 (Chicago, Illinois)
  8. "The Permanent and Transitory Effects of Budget Deficit" with Habtu Braha February 11-14, 2004 Academy of Economics and Finance (Biloxi, Mississippi)
  9. "Cross-Border Linkages in Consumer Sentiment" with S. Ramchander and H. Thieves, February 11-14, 2004 Academy of Economics and Finance (Biloxi, Mississippi)
  10. "The Determinants of External Public Debt: The Case of HIPCs" February 20-22, 2004 Eastern Economic Association (Washington D.C.)
  11. "Government Spending and Private Consumption: An Application of the Fixed and Random Effects Models" 55th International Atlantic Economic Conference, October 16 –19, 2003 (Quebec City, Canada)
  12. "Are Current Account Deficits Sustainable Among African Countries? A Panel Cointegration Approach" Academy of Economics and Finance (Savannah, Georgia), February 12- 15, 2003
  13. "Testing the Long-Run Stability of M2 Money Demand Function in Nigeria" at the 2003 Annual Meetings of the Allied Social Sciences, January 3 - 5, 2003 (Washington D.C.)
  14. "The Impact of Population Growth on Botswana's Economic Growth" with H. Braha, 54th International Atlantic Economic Conference, October 10 –13, 2002 (Washington D.C.)
  15. "Australian Long-Run Import Demand Elasticities: Further Evidence" with S. Usianeneh, 54th International Atlantic Economic Conference, October 10 –13, 2002 (Washington D.C.) 
  16. "Currency Substitution in Nigeria" Academy of Economics and Finance (Pensacola, Florida), February 13- 16, 2002
  17. "Cross Boarder Linkages Among Asian Closed-End Funds" Academy of Economics and Finance (Pensacola, Florida), February 13- 16, 2002
  18. "Testing Weak and Strong Form Purchasing Power Parity: The Case of Asian Countries" with H. Braha. 53rd International Atlantic Economic Conference, October 11 –14, 2001 (Philadelphia Pennsylvania)
  19. Budget Deficits and Private Investment Nexus: Evidence from South Africa" with H. Braha, International Conference of the Academy of African Business and Development, Washington DC, USA, April 4-7, 2001
  20. "International Transmission of Lending Rates: The Case of Developing African Countries" February 2001 Academy of Economics and Finance (Biloxi, Mississippi), 2001
  21.  "An Examination of the Long-Run Relationship Between Money and Inflation: The Case of South American" February 2001 Academy of Economics and Finance (Biloxi, Mississippi), 2001
  22. “Purchasing Power Parity: Evidence from Developing Countries” International Atlantic Economic Society, October 15 –18, 2000 (Charleston South Carolina)
  23. "Teaching Economics Online" International Business School Computing Association 28th Annual Conference, July 2000 (Erie Pennsylvania)
  24. "International Capital Mobility: The Case of Developing Countries" February 2000 Academy of Economics and Finance (Nashville Tennessee)
  25. "International Linkage of Stock Markets: Evidence from the Emerging Economies of Asia" February 2000 Academy of Economics and Finance (Nashville Tennessee)
  26. "Export Growth and Economic Performance: Evidence from Mexico" February 1999 Academy of Economics and Finance (Little Rock, Arkansas)
  27. "Current Account and Budget Deficits: Evidence from India" January 1998 Eastern Economic Association Annual Conference (New York)
  28. "External Debt and Economic Growth: A Comparative Study of Highly Indebted Countries" 1996 Graduate Research Symposium (Howard University)
  29. "An Empirical Examination of the Fisher Effect in India" 1996 Graduate Research Symposium (Howard University)
  30. "Changing Quality Characteristics, New Varieties and the U.S. Import Demand" The 1994 Graduate Research Symposium (Howard University)
  31. "International Fall-Out of the U.S. Budget Deficit" The 1993 Graduate Research Symposium (Howard University)
  32. "The Impact of Currency Devaluation: A Case Study of Selected Developing Countries" The 1992 Graduate Research Symposium (Howard University)

WORKING PAPERS 

  1. "Inflation Convergence among SACU Members" with Habtu Braha
  2. "Income Convergence: Evidence from Select Islamic Countries”, with Ferdinand Nwafor
  3. "The Monetary Policy Implications of External Debt: The Case of Highly Indebted Countries"
  4. The Relationship between Stock and Oil Prices: A Rolling Cointegration Approach” with M. Mustafa.

HONORS AND AWARDS

  • Outstanding Paper in Finance, Academy of Economics and Finance, 2000 Annual Meeting
  • Outstanding Paper in Economics, Academy of Economics and Finance, 1999 Annual Meeting
  • Certificate of Achievement (Web Initiative in Teaching) University System of Maryland 2000
  • Microsoft Mentor Program Certificate Award, June 2000
  • Certificate of Completion of GSMT Faculty WebTycho Training Course, Fall 1998, UMUC.
  • Certificate of Appreciation, 1996 (Division of Arts and Sciences, Coppin State College)
  • Certificate of Appreciation, 1995 (Division of Arts and Sciences, Coppin State College)
  • Outstanding Research Award, 1993 (Graduate school of Arts & Sciences, Howard University)
  • Member - Omicron Delta Epsilon International Honor Society in Economics (Since 1993)
  • The National Deans List, 1992
  • Graduate Assistantship 1991 to 1994 (Department of Economics, Howard University)
  • Certificate o f Outstanding Service, 1992 (Department of Economics, Howard University.)
  • Frank A DeCosta Graduate Scholarship, 1984 to 1985, Morgan State University
  • Distinguished Honor Student Certificate, 1984, Morgan State University
  • Certificate of Merit, 1982 through 1984 Morgan State University
  • Dean's List Certificates, 1982 through 1984 Morgan State University
  • Certificate of Academic Excellence in the Lower Division, 1982, Morgan State University

PROFESSIONAL AFFILIATIONS:

·        Omicron Delta Epsilon International Honor Society in Economics

·        Academy of Economics and Finance

·        International Atlantic Economic Society

·        African Finance and Economics Association