Cem Karayalçın
Department
of Economics, Florida International University, Miami, Florida 33199
Telephone
no: (305) 348-3285 (office), Fax no: (305) 348-1524,
E-Mail
Address: karayalc@fiu.edu
CURRENT POSITION
Professor and Chair, Department of Economics, Florida
International University
EDUCATION
1989
Ph.D. in Economics, Columbia University
1983
M.A. in Economics, Columbia University
1981
B.S. in Economics, Middle East Technical University,
Ankara
SPECIALIZATION
Open-economy Macroeconomics, Political Economy, Development and
Growth Theory
PUBLICATIONS
“The Role of Productivity, Transportation Costs, and Barriers to
Intersectoral Mobility in Structural Transformation” (with M. Pintea), Economic
Modelling, 108, 2022.
“Romes without empires: Urban concentration, political
competition, and economic development” (with M.A. Ulubasoglu), European Journal of Political Economy, 63, 2020.
“Exports of
primary goods and human capital accumulation,” (with Y. Hou),
Review of International Economics,
27:1371-1408, 2019.
“Incomplete integration and
contagion of debt distress in economic unions,” (with H. Onder), Economics &
Politics, 31:194-215, 2019.
“Fiscal decentralization, fiscal
reform, and economic growth in China,” (with Y. Ding and
A. McQuoid), China Economic Review, 53: 152-167, 2019.
“Property Rights and the First
Great Divergence: Europe 1500-1800” International Review of Economics and Finance, 42: 484-98, 2016.
“Trade and Cities” (with
H. Yilmazkuday), World Bank Economic Review,
29: 523-49, 2014.
”State Owned
Enterprises and Redistribution: An empirical Analysis” (with M. Ulubasoglu
and V. Avsar), Economics & Politics, 25.3:
387-410, 2013.
"Habit formation, adjustment costs, and international
transmission of fiscal policy" (with R. Gonzalez-Hernandez), Journal
of International Money and Finance, 32: 341-359, 2013.
“Divided We Stand United We Fall: The Hume-North-John
mechanism for the Rise of Europe,” International Economic
Review, 49: 973-997, 2008.
“Exchange Rate Pass-Through and Relative
Prices: An Industry-Level Empirical Investigation” (with
Prasad S. Bhattacharya and Dimitrios D. Thomakos), Journal
of International Money and Finance, 27: 1135-1160, 2008.
“Income distribution, sovereign debt and
public investment” (with K. McCollister), Economics and Politics, 17:
351-65, 2005.
“Economic (dis)integration in the presence of evolutionary learning”
(with D. Mitra and D. Mendez-Carbajo),
Journal of Evolutionary Economics, 14: 463-481, 2004.
“Trade in Goods and Trade in Assets,” (with Andre Burgstaller) International Journal of Business and
Economics, 2: 97-108, 2003.
“Habit Formation and Fiscal Policy in a Small Open Economy,"
Macroeconomic Dynamics 7: 407-423 (2003).
“Infrastructure, Returns to Scale and Sovereign Debt” (with
K. McCollister and Devashish Mitra),
Journal of International Trade and Economic Development 11:267-278
(2002).
“Multiple Equilibria, Coordination, and Transitional Growth,”
(with Devashish Mitra) Journal
of Development Economics 60, 297-316, 1999.
“Temporary and Permanent Government Spending in a Small Open
Economy” Journal of Monetary Economics 43, 125-141, 1999.
“A Political Economic Model of the State
Owned Enterprises," Topics in Middle Eastern and North
African Economies, vol. 1, 1999.
"The Role of Stock Markets in International Economic
Integration," Journal of Economic Integration, 11: 93-113,
March 1996.
"Redistributive Taxation in a Small Open Economy,"
Canadian Journal of Economics, XXIX: 688-698, August 1996.
"Stockmarkets, Adjustment
Costs, and International Transmission of Shocks" Economica
63, 599-610, 1996.
"Heterogeneous Households, the Distribution of Wealth, and
the Laursen-Metzler Effect," Review of
International Economics, 3, 86-103 (1995).
"Capital Income Taxation and Welfare in a Small Open
Economy," Journal of International Money and Finance, 14: 785-800,
December 1995.
"Government Spending and Cyclical Adjustment in a Small
Open Economy," Journal of Economic Integration, 10: 454-474,
December 1995.
"Temporary and Permanent Migration with and without an
Immobile Factor," Journal of Development Economics 43, 197-215
(1994).
"Adjustment Costs in Investment, Time Preferences, and the
Current Account," Journal of International Economics 37, 81-95
(1994).
"International Capital and Labor Mobility: Vent for
Surplus Labor" (in Portuguese), Estudos
Economicos, 24, 183-202 (1994).
REPORTS
“Allocation of Natural Resource Revenues: A Fiscal Framework for
Strategic Decisions in Kurdistan Region of Iraq,” World Bank
Report, 2015.
“Decision-Making Constraints on the Implementation of Viable Disaster Risk
Reduction Projects: Some Perspectives from Economics”, (with P. Thompson)
Global Assessment Report on Disaster Risk Reduction, United Nations, 2011
“Inclusive
Growth in Azerbaijan: Growth and Employment,” World Bank Report, 2011.
“Domestic Conflict, Public
Services, and Regional Integration,” (with H. Onder)
Background paper, The Fallout of War, World Bank, Washington, DC.
WORKING PAPERS
“Exports of Primary Commodities and Fertility,” (with Y. Hou)
“Habit Formation and Supply Shocks”
"Endogenous Growth, Endogenous Time Preference, and Social
Status" (with Andre Burgstaller)
“International Capital Movements under Endogenous Growth” (with Andre
Burgstaller)
PAPER PRESENTATIONS
"Growth and international labor migration in an overlapping generations model" in Second Annual
Southeastern International Economics Meeting, Gainesville, October 1990.
”The asset
market approach in the pure theory of international trade" (co-authored
with Andre Burgstaller) in Mid-West International
Economics Meeting, Evanston, IL., June 1991.
"Endogenous growth and the long-run distribution of wealth
in a simple von Neumann model" (co-authored with Andre Burgstaller)
in Eastern Economics Association Meeting, Washington, DC., March 1993.
"International capital movements under endogenous growth and
endogenous time preference" (co-authored with Andre Burgstaller)
in the Fifth Annual Southeastern International Economics Meeting, Durham, NC,
October 1993.
"Habit Formation and Government Spending in a Small Open
Economy" presented at the Eastern Economic Association's 21st Annual
Convention in New York (March 17-19, 1995).
"International Capital Movements under Endogenous
Growth," (with Andre Burgstaller) presented at
the Boston meeting of the Economic Development Society, November 1996.
"Multiple Equilibria, Coordination and Bounded
Rationality," (with Devashish Mitra) presented at the South Eastern Economic Theory and
International Economics Conference, November 1997.
"A Political Economic Model of the State
Owned Enterprises" presented at the New York ASSA Meetings,
January 1999.
"Habit Formation and Supply Shocks in a Small Open
Economy" presented at the South Eastern Economic Theory and International
Economics Conference, November 2001.
“Economic (dis)integration in the presence of evolutionary
learning,” (co-authored with D. Mitra and D. Mendez-Carbajo), invited presentation at the Central Bank of the
Dominican Republic, March, 2004.
“United we fall, divided we stand: The Hume-Weber-Jones mechanism
for the rise of Europe,” Lucca Conference on Economic Growth and Income
Distribution, June 2004.
“Romes without Empires: Primate Cities,
Political Competition, and Economic Growth,” invited presentation at
Southern Methodist University, March 2006.
“Political Economy of Growth,” invited presentation at Wenzao College, Department of International Business,
Taiwan, May 2007.
“The Political Economy of Crisis and Reform,” invited presentation
at Crises Organisations and Development Conference,
Deakin University, Australia, August 2009.
“Inclusive Growth in Azerbaijan: Growth and Employment,” invited
presentation at the World Bank, Washington, DC, October 2011.
“Property Rights and The First Great Divergence: Europe
1500-1800,” presented at the 2012 American Economic Association Meeting,
Chicago, January 2012.
“Property Rights and The First Great Divergence: Europe
1500-1800,” presented at the 2012 Latin American Chapter of the Econometric
Society Annual Meeting, Lima Peru, November 2012.
“Political Economy of the Government Shutdown,” invited
presentation at Tianjin University and Jinan Economics and Finance University,
November, 2013.
“The Economic Consequences of the Government Shutdown,” presented
at the Tianjin International Forum, May, 2014.
“Romes without Empires: Primate Cities,
Political Competition, and Economic Growth,” invited presentation at
EAFIT, Medellin, Colombia, October 2014.
“Incomplete Integration and Contagion of
Debt Distress in Economic Unions” (with H. Onder),
presented at the 2016 Latin American Chapter of the Econometric Society Annual
Meeting, Medellin Colombia, November 2016.
“Exports of Primary Goods
and Human Capital Accumulation in Latin America” (with Y. Hou)
presented at the LACEA meetings in Buenos Aires, Argentina, November 2017.
EXPERIENCE
2005-present Professor, FIU
1995-2005
Associate Professor, FIU
1989-1995
Assistant Professor, FIU
1984-1989 Preceptor/Instructor, Columbia University
1987-1988
Instructor, Rutgers University
1982-1983
Instructor, Pace University
GRANTS
1990 Summer Research Award, Florida International University
HONORS AND AWARDS
1990-1992 President's Fellow, Columbia University
1995 TIP Award, Florida International University
COURSES TAUGHT
International Trade (Ph.D. level)
International Money (Ph.D. level)
Development Economics (Ph.D. level)
Macroeconomics (Ph.D. level)
Political Economy (PhD level)
Mathematical Economics (M.A. level)
Economic Policy Analysis (M.A. level)
International Trade (Undergraduate level)
International Money (Undergraduate level)
Money and Banking (Undergraduate level)
Intermediate Macroeconomics (Undergraduate level)
Applied Macroeconomics (Undergraduate level)
Macroeconomic Principles (Undergraduate level)
Microeconomic Principles (Undergraduate level)
GRADUATE STUDENT SUPERVISION
Major Professor for the Ph.D. Dissertations
Xiaowei Xu “International Transmission of Disturbances
under Alternative Exchange Rate Regimes,” (1995-1996, Research Economist, NY)
Yuna Chen “Closing the Productivity Gap and Trade Policy,” (1996-1997,
South Georgia College)
Ali
Kocyigit “International Mobility and
Saving-Investment Correlations,”(1996-1997, Malatya
University, Turkey)
Carlos
Moslares “Credit Rationing, Research and Development,
and Growth,” (1996-1997, Universitat Ramon Llull, Barcelona, Spain)
Kathryn
McCollister “The Political Economy of Sovereign Debt,”(1998-1999,
University of Miami, Epidemiology Department)
Diego
Mendez-Carbajo “Essays on Openness, Economic
Integration, and Growth,” (1999-2000, Illinois
Wesleyan University)
Prasad
Bhattacharrya “Essays on International
Macroeconomics.” ( 2004, Deakin University)
Claudia
Wehbe “The Political Economy of Inequality and
Growth: Essays on Sovereign Debt, Democracy and Saving,” (2008)
Ramon
Gonzalez Hernandez “Essays in Open Economy Macroeconomics,” (2008, Lake Forest
College)
Daniel
Murgo “Essays On Political
Economy” (2010)
Thomas
Snyder “Essays on International Lending and Increasing Returns to Scale”
(Summer 2010) (University of Central Arkansas)
Umut Unal “Essays in Open Economy
Macroeconomics,” SESRIC, Ankara, Turkey (2012)
John
Lucas, “Essays on City Size Distribution and Real Estate Bubbles”, City of
Miami (2012)
Ece Guleryuz “Essays in Economic Growth,
Political Economy and Institutions,” Franklin and Marshall College (2012)
Yi
Ding “Three Essays on Taxation, Growth, and Consumption,” Tianjin Precious
Metal Exchange, China (2014)
Michael
Good “Essays on Migration: Nexus with Policy, Trade, and Development,” University
of North Georgia (2014)
Bimal
Soti “Essays on Intergovernmental Fiscal
Relationships” (2015)
Alvin
Chiang, “Three Essays in Economic Development, Growth, and Trade” (2017)
Yulin Hou, “Essays on Trade and Growth”
(2018)
Yiming Liu, “Essays on migration, Entrepreneurship,
and Hedging” (2021)
Maryam
Aljahani, “Essays on Macroeconomics and financial
economics” (2021)
REFEREEING
American
Economic Review, European Economic Review,
Journal of Development Economics,
Journal
of Macroeconomics,
International Economic Review,
Review of Economic Studies,
Review
of International Economics, Economica,
Journal of
International Money and Finance,
Japanese Economic Review,
Journal of Economic
Dynamics and Control,
Journal of Money, Credit, and Banking, Economics &
Politics, Economic Modelling.
OTHER SERVICE
Editorial Board, International Journal of Business and Economics
(2003
to present)
Editorial Board, Economics & Politicas
(2016 to present)
Graduate Director, Department of Economics, FIU
LANGUAGES
English,
Turkish, reading knowledge of German, French, Spanish, Italian, and Portuguese.