CURRICULUM VITA

Junsoo Lee, Ph.D.

EDUCATION: Top

Ph.D., Economics, Michigan State University, 1987~1991 (Advisor: Peter Schmidt).

MA, Economics, Michigan State University, 1987~1990.

BA, Statistics, Sung Kyun Kwan University, Seoul, Korea, 1975~1978 (Military draft 1978-1980), 1981.

EMPLOYMENT: Top

Professor and Rick and Elaine Horsley Faculty Excellence Fellow, Department of Economics, Finance and Legal Studies, The University of Alabama, August 2008 to present.

Professor and Stimpson Gulf Lumber Faculty Fellow, Department of Economics, Finance and Legal Studies, The University of Alabama, August 2006 to 2007.

Associate Professor, Department of Economics, Finance and Legal Studies, The University of Alabama, August 2003 - August 2006.

Associate Professor, Department of Economics, University of Central Florida, August 1998 to 2003.

Assistant Professor, Department of Economics, Vanderbilt University, August 1991 to 1998.

Instructor, Intermediate Macroeconomics, Department of Economics, Michigan State University, Spring 1991.

Research / Teaching Assistant, Department of Economics, Michigan State University, 1987 to 1991.

Researcher, Korea Institute for Defense Analysis (KIDA), Seoul, Korea, 1981 to 1987.

Military Army (draft), 1978-1980.

FIELDS OF INTEREST: Top

Research Interest

• Econometrics
• Time Series Econometrics
• Applied Econometrics
• Asset Pricing and Financial Economics

Area of Research

  Primary research area has been in the area of time series econometrics, focusing on developing new unit root tests, cointegration tests, non-linear time series models and other time series models. 

  Research areas in applied works include asset pricing and financial economics, macroeconomics, international finance,  and other related areas 

Courses Taught

• Core econometrics, PhD
• Panel data models and cross-sectional econometrics, PhD
• Time series econometrics, PhD
• Econometrics, MA and under       
• Mathematical Statistics, PhD
• Statistics, MA and under
• Multivariate Statistics, PhD
• Business Forecasting, MA and under
• Intermediate Macroeconomics. Under
• Math Econ, MA and under

Editorial Board Appointment

• Journal of Empirical Finance (Associate Editor) [Spring 2012 – present]
• Journal of Economics and Finance [Fall 2005 – present]
• Economics Research International [March 2010 – present]
• Journal of Statistical and Econometric Method [May 2011 – present]
• Open Journal of Statistics [December 2011 – present]
• Korea Economic Review [February 2008 – present]

AWARDS

  Research

• Recipient of the UCF Research Incentive Awards (RIA), University of Central Florida, April 2003.

• UCF Awards for Distinguished Researcher in the College, College of Business Administration, University of Central Florida, January 2003.

• Carl H. Galloway Award for Researcher in the Department of Economics, College of Business Administration, University of Central Florida, September 2001.

• Carl H. Galloway Award for Researcher in the Department of Economics, College of Business Administration, University of Central Florida, September 2000.

  Teaching

• Recipient of the UCF Teaching Incentive Program (TIP), University of Central Florida, April 2003.

• Carl H. Galloway Award for Graduate Teacher in the College, College of Business Administration, University of Central Florida, November 2001.

• Carl H. Galloway Award for Graduate Teacher in the Department of Economics, College of Business Administration, University of Central Florida, September 2001.

• UCF Awards for Excellence in Graduate Teaching in the College, College of Business Administration, University of Central Florida, April 2001.

• Carl H. Galloway Award for Graduate Teacher in the Department of Economics, College of Business Administration, University of Central Florida, September 2000.

• Carl H. Galloway Award for Graduate Teacher in the Department of Economics, College of Business Administration, University of Central Florida, October 1999.

  Service

• Awarded for Carl. H. Galloway for Outstanding Service in the College, College of Business Administration, University of Central Florida, November 2001.

• Awarded for Carl. H. Galloway for Outstanding Service in the College, Department of Economics, College of Business Administration, University of Central Florida, September 2001.

PUBLICATIONS: Top

PUBLISHED or forthcoming

1.     “A Modification of the Schmidt-Phillips Unit Root Test,” (with P. Schmidt), Economics Letters, Vol. 36, 285-289, 1991.

 

2.     “Unit Root Tests Based on Instrumental Variables Estimation,” (with P. Schmidt), International Economic Review, Vol. 35, 2, 449-462, 1994.

 

3. “Modeling International Long-term Interest Rates,” (with R. DeGennaro and R. Kunkel), Financial Review, Vol. 29, 4, 577-597, 1994.

 

4.    “An LM Test for A Unit Root in the Presence of a Structural Change,” (with C. Amsler), Econometric Theory, Vol. 11, 359-368, 1995.

 

5.     “On the Power of Stationarity Tests Using Optimal Bandwidth Estimates,” Economics Letters, Vol. 51, 131-137, 1996.

 

6.     “Dealing with Censored Data from Contingent Valuation Surveys: Symmetrically Trimmed Least Squares Estimation,” (with S. Kwak and C. Russell), Southern Economic Journal, Vol. 63, 743-750, 1997.

 

7.     “On Stationarity Tests in the Presence of Structural Breaks,” (with C. Huang and Y. Shin), Economics Letters, Vol. 55, 165-172, 1997.

 

8.    “A Joint Test for the Unit Root and the Common Factor Restriction in the Presence of Structural Break,” (with C. Amsler), Structural Change and Economic Dynamics, 8, 221-232, 1997.

 

9.     “The Market Efficiency Hypothesis on Stock Prices: International Evidence in the 1920s,” (with Jen-Chi Cheng, C. Lin and Cliff J. Huang), Applied Financial Economics, Vol. 8, 61-65, 1998.

 

10. “Stationarity Tests with Multiple Endogenized Breaks,” in Nonlinear Time Series Analysis of Economics and Financial Data, edited by Philip Rothman, Kluwer Academic Press, 143-163, 1999

 

11. “Average Derivative Estimation of Hedonic Price Model,” (with S. Kwak and J. List), Environmental and Resource Economics, 16, 81-91, 2000.

 

12.   “Smooth Transition ARCH model,” (with Ray DeGennaro), Review of Quantitative Finance & Accounting, 15, 5-20, 2000.

 

13.      “Municipal Bonds and Tax Arbitrage: A Cointegration Analysis” (with Y. Kim, S. Lile and R. Ramsey), Public Finance Review, 28, (4), 372-389, July 2000.

 

14.       “On the End-Point Issue in Unit Root Tests in the Presence of a Structural Break,” Economics Letters, 68, 7-11, 2001.

 

15.      “Quasi-fixed Inputs and Long-run Equilibrium in Production,” (with H.Y. Kim), Journal of Applied Econometrics, 16, 41-57, 2001.

 

16.      “Experimenting with Multi-attribute Utility Survey Methods in a Multi-Dimensional Valuation Problem,” (with Clifford Russell, Virginia Dale, Molly Jensen, Michael Kane, and Robin Gregory), Ecological Economics, 36, 87-108, 2001.

 

17.    “Are Shocks to Foreign Investment in Developing Countries Permanent or Temporary?  Evidence from Panel Unit Root Tests,” (with Cathy Co and Mark Strazicich), Economics Letters, 70, 405-413, 2001.

 

18.   “Testing for the Null of Cointegration in the Presence of Structural Breaks” (with William Alan Bartley and Mark Strazicich), Economics Letters, 73, 315-323, 2001.

 

19.      “Break Point Estimation with Minimum Unit Root Tests and Spurious Rejections of the Null,” (with MarkStrazicich), Oxford Bulletin of Economics and Statistics, 63, 535 – 558, 2001.

 

20.    "Stationarity of Health Expenditures and GDP: Evidence from Pane Unit Root Tests with Heterogeneous Structural Breaks," (with Todd Jewell, Margie Tieslau and Mark Strazicich), The Journal of Health Economics,22 (2), 313-323, 2003.

 

21.      “Minimum LM Unit Root Tests with Two Structural Breaks” (with Mark Strazicich), The Review of Economics and Statistics, November 2003, Vol. 85, No. 4, 1082-1089.

 

22.  “Trends of Criteria Air Pollutants,” (with John List), Environmental Resources and Economics., 29 (1): 21-37, September 2004.

 

23.      “Are Incomes Converging? Evidence from OECD Countries with Two Structural Breaks, (with Mark Strazicichand Ed Day), Journal of Macroeconomics, Winter 2004, Vol. 26, No. 1, 131-145.

 

24.      “Real Effective Exchange Rate and PPP: Evidence from a Transition Economy,” (with J. Payne and R. Hofler),the Journal of Policy Modeling,  27, 665-672, 2005.

 

25.   “Panel LM unit Root Tests with Level Shifts,” (with Kyung So Im and Margie Tieslau), Oxford Bulletin of Economics and Statistics, 67, 3, 393-419, June 2005. 

 

26.     “Historical Net Discount Rates and Future Economics Losses: Refuting the Common Practice,” in Economic Foundations of Injury and Death Damages, edited by James D. Rodgers and Gerald Martin, 2006.

 

27.    “Nonrenewable Resource Prices: Deterministic or Stochastic Trend?” (with John A. List and Mark Strazicich),Journal of Environmental Economics and Management, 51, 354-370, May 2006.

 

28.      “A Stationarity Test in the Presence of an Unknown Number of Smooth Breaks,” (with Walter Enders and Ralf Becker), Journal of Time Series Analysis, 27, 3, 381-409, May 2006.

 

29. “Regulating Smoking Environment,” (with Gary Hoover and Craig Gallet), Southern Economic Journal, July 2006.

 

30.       “Empirical generalizations from brand extension research: How sure are we?” (with Werner J. Reinartz, RajEchambadi, and Inigo Arroniz), International Journal of Research in Marketing, 23, 3, 253-261, Oct 2006.

 

31.      “National Culture and Environmental Sustainability: A Cross-National Analysis,” (with Hoon Park and Cliff Russell), Journal of Economics and Finance, 2007.

 

32.      “Corrigendum: Stationarity of Health Expenditures and GDP: Evidence from Pane Unit Root Tests with Heterogeneous Structural Breaks,” (with Tieslau, M., and Strazicich, M.), Journal of Health Economics, July 2008.

 

33.      “The determinants of laws restricting youth access to tobacco,” [with C. Gallet and G. Hoov], Contemporary Economic Policy, 27, 16-27, January 2009.

 

34. “Does Solicitation Matter in Bank Credit Ratings?” (with Benton Gup and Winnie Poon), Journal of Money, Banking and Credit, 41, 285-314 , March-April 2009.

 

35. “ADL tests for Threshold Cointegration,” (with Jing Li), Journal of Time Series Analysis, 31, 4, 241-254, July 2010

 

36.  “Mean Reversion and Structural Changes In Price-Earning Ratios,” (with Benton Gup and Ralf Becker), 2010, Journal of Economics and Finance

37.  “LM Threshold Unit Root Tests,” (with M. Strazicich and B. Yu), Economics Letters, 110, 113-116, Feb 2011.

 

38. “New Threshold Cointegration Tests and the Taylor Rule,” (with Walter Enders, Kyung-so Im and Mark Strazicich), forthcoming at Economic Models

 

39. “How Do Nonlinear Unit Root Tests Perform With Non-normal Errors?” [with Hyejin Lee and Ming Meng, forthcoming at Communication in Statistics.

40.  “Testing for a unit-root with a nonlinear Fourier function,” (with Walter Enders), forthcoming at the Oxford Bulletin of Economics and Statistics.

41. “Performance of Threshold Cointegration Tests,” (with Mark Strazicich and Jing Li), forthcoming at Journal of Statistical Computation and Simulation

Miscellaneous

"Applying Multi-attribute Utility Techniques to Environmental Valuation: A Forest Ecosystem Example," (with Clifford Russell et al.), 1997.

"Software Review: ITSM 2000 Professional Version 6.0," (with Mark Strazicich), Journal of International Forecasting, 18, 2002, 455-460.

Return to Top