Dr. Albert Adelowo OKUNADE is a 2011/12-2013/2014
Suzanne Downs-Palmer Professor of
Economics and Coordinator of the Ph. D.
(Business Administration) Economics Program, in The Fogelman College of
Business & Economics (FCBE), at the University of Memphis. He earned
his 1986 Ph.D. Economics degree at
(The Sam M. Walton College of Business) University of Arkansas, Fayetteville, after earning his MS Economics, MBA and BS degrees at Wright State University,
Dayton, Ohio. He served a faculty sabbatical
in residence at Harvard
University, MA. The Review of Black
Political Economy nationally ranked
published research frequency and quality, measured as publications
in peer-review core economics journals that are indexed in the Journal of Economic Literature, in the ‘TOP 3’ among all Black
economists who earned their Ph. D. degrees at US academic institutions since
1969. Professor Okunade is the inaugural FCBE faculty to
receive the University Provost’s First
Tennessee Professorship Award (2007-2010), and also the first FCBE faculty to
receive the Palmer Research Professorship
Award (2002). He received the University’s Distinguished Research Award
in Social Sciences & Business (2001), and twice (1995, 1992) received the
SPUR (Superior Performance in University
Research) Award. He is 1st
and 2nd Place recipients of several annual (competitive) “Best Peer-Refereed Journal Paper Awards”
in The FCBE. Professor Okunade’s teaching excellence signals
include the inaugural (2011-12) faculty recipient of the FCBE ‘Graduate Teaching and Research
Mentoring Award for Engaged Creative Teaching Excellence," 4-time annual finalist and 3-time semi-finalist for the University’s
Distinguished Teaching Award. Professor Okunade’s other
professional honors and awards at the University of Memphis include (but not
limited to) University Honors Program Teaching Fellowship,
University College Mentoring Award,
and the African & African American Studies (AAAS) Students Mentoring Award (College of Arts & Sciences). He has
also received significant external recognitions and awards, including but not
limited to the Sam M. Walton Free Enterprise Fellowship (2004), from
The Jack Shewmaker SIFE World Headquarters, Springfield, MO), the SHAZAM Econometrics Hall of Fame Award (Economics Department) at the University
of British Columbia, Vancouver, BC, Canada, and the Outstanding Service Award for
Meritorious Service as a
Founding Board of Trustees Member, from The American Society of Health
Okunade conducts applied econometrics research broadly in healthcare
economics, finance and public health policy, labor economics, industrial
organization, non-profit higher education financing, and applied microeconomics
in general. He is faculty affiliates of the Center for Community Health
(School of Public Health), Center for Healthcare Economics, and the African
& African American Studies (AAAS, interdisciplinary) Program (College of
Arts & Sciences) at the university. He teaches Graduate MA/Ph.D.
Economics courses in Decision Economics (Theory), Applied Healthcare Economics, Pharmaceutical Economics, MBA
Economics for Global Executives, and Undergraduate courses in
Managerial (Organizational) Economics, Health Care Economics, Economic Forecasting, and Microeconomics
Principles (Honors). He has Chaired and served as members of several Honors and
MA Theses and Ph.D. Dissertation Committees. Recently (May, 2012) he was appointed
lead faculty for the University’s Executive MBA Program students on
Study Abroad to foreign multinational corporations and government
offices in Brazil, Argentina, and Chile. He received the
“Dean’s Service Award” in 2010.
Professor Okunade has received several funded
research grants (internal university and from private, non-profit and public sector entities including medical
care companies and public electric utilities), authored over 100 articles
in encyclopedia, book/book chapters, …, and a number of the leading (and
highly ranked) peer-refereed journals including (but not limited to) Journal of Applied Econometrics, Economics
Letters (multiple), Journal of Health
Economics, Review of Quantitative
Finance & Accounting, Journal of Productivity Analysis, The American
Statistician, Health Economics (multiple),
Quarterly Review of Economics &
Finance, Applied Economics (multiple),
Journal of Labor Research, Small Business Economics: An Entrepreneurial Journal
(multiple), American Journal of
Economics & Sociology (multiple),
Social Science & Medicine, Journal
of Health Care Finance (multiple), Journal
of Health & Social Policy, Health
Policy, Health Care Management
Science (multiple), Ageing
International, Managed Care Quarterly, Journal of Education Finance, .....
He has presented over 50 conference papers in the US and
globally, e.g., Canada (multiple), China, Denmark, Finland,
Citations to Dr. Okunade’s work
numbering in several hundreds, are in leading and prestigious journals,
e.g., Journal of Finance &
Quantitative Analysis (JFQA), Journal of Applied Econometrics, NBER
Papers, Marketing Science, Economic Modeling, Journal of Health Economics, Handbook of Health Economics (multiple publishers), The Annals of Regional Science, Health Economics, Journal of Product
Innovation Management, New England Journal of Medicine, Health Economics Policy & Law, International
Journal of Technology Assessment in Health Care, Southern Economic Journal, Journal
of the Royal Statistical Society, Applied Economics, Health Affairs, Annals of
Internal Medicine, Journal of Higher Education, International Journal of Health
Care Finance & Economics, Journal of Evaluation in Clinical Practice, American Journal of Medicine,
Pharmacoeconomics & Outcomes Research, Expert Reviews of Pharmacoeconomics
& Outcomes Research, Health
Policy & Planning, Mayo Clinic Proceedings, European Journal of Health Economics, Journal of Surgical Education, Journal
of European Social Policy, Neuromodulation,
Journal of Life Care Planning, Applied Health Economics & Health Policy…,
Okunade is a founding Board of Trustees member of The American Society of Health Economists (the
leading US professional association of health economists), and an Editorial
Board member of the Journal of
Business Valuation and Economic Loss Analysis (Berkeley Electronics Press).
guest edited “Special Issues” of The Quarterly Review of Economics & Finance, and Journal of Health Care Finance, served
as a past Editorial Board member of the Journal
of Health Care Finance and on the Board of Christ Community Medical Clinic (Memphis, TN). He is an ad hoc referee of manuscripts for high quality refereed journals, such
as, Journal of Comparative Economics, Health
Economics, Economics of Education Review, Journal of Higher Education, Contemporary
Economic Policy, Southern Economic Journal, Journal of Health Economics, Social Science & Medicine, Journal of
Advertising, The Lancet, Clinical Breast Cancer, Health Economics, European
Journal of Health Economics, Bio-Med Central journals including Health
and Quality of Life Outcomes, BMC
Public Health, BMC Health Services Research,
International Journal for Equity in
Dr. Albert Okunade, Chair of the Local
Organizing Committees for national (1996) and regional (2011) health
care economics conferences, held at the University of Memphis,
has also conducted dozens of invited interviews on several emerging health and medical
care economics and health policy issues on TV and in print media (local and
national popular presses and trade publications).
RESEARCH INTEREST AREAS:
•Medical and Health Care Economics, Finance, & Policy;
•Higher Education Finance;
•Labor (Human Resources) Economics
•Applied Econometric Modeling
Professor Okunade's publications have appeared in highly rated, prestigious peer-review journals, including (but not limited to): Journal of Applied Econometrics, Southern Economic Journal, Applied Economics, Economics Letters (multiple), Health Economics (multiple), Journal of Health Care Finance (multiple), The Review of Quantitative Finance & Accounting, Quarterly Review of Economics & Finance, Applied Economics (multiple), The American Statistician, Journal of Health Economics, etc, ...
SELECT PUBLICATIONS: 2008 - 2013 (past 5 years only).
Weiwei, Okunade, Albert and Lubiani, Gregory G., “Quality-quantity decomposition of income elasticity of
US hospital care expenditure using state-level panel data,” Health Economics,
DOI:10.1002/hec.2986 (forthcoming 2014).
Gregory and Albert A. Okunade, “Quality-adjusted output cost economies of US adult versus
pediatric physical therapy production,” Applied Economics Letters 21(1), DOI:
10.1080/13504851.2013.831166 (forthcoming 2014).
108 •Murthy, Vasudeva N. R. and Albert A. Okunade, "Population health status and economic growth in Chinese provinces," Applied Economics Letters (forthcoming 2014).
107 •Wunnava, Phanindra V. and Albert A. Okunade,
“Do business executives give more to their alma mater?
Longitudinal evidence from a large university, The American Journal of Economics &
72(3), July 2013: 761-778.
106 •Lubiani, Gregory G. and Okunade, Albert,
“Production cost structure in US outpatient physical therapy health care," Health Economics 22
(2), February 2013: 212-23.
105 •Hussey, A.J., D. Kanjilal and A. A. Okunade. “Effects of peers and social environment on adolescent psychological
well-being,” International Journal of Business & Social Research 3(2): 69-83.
104 •Karakus, M. C., and Okunade, Albert,
“Obesity, depression, and employment related outcomes among workers near
retirement,” Ageing International
(June 2012): 283-53.
103 •Benson, D.A., A.K. Lies, A.A. Okunade, &
P.V. Wunnava, “Economic impact of a private sector micro-financing scheme
in S. Dakota,” Small Business
Economics, An Entrepreneurial Journal 36 (Feb. 2011): 157-68.
102 •Okunade, Albert A., C. Suraratdecha and David A. Benson, “Determinants
of Thailand household healthcare expenditure: The relevance of permanent resources and other correlates,” Health Economics 19 (2010):
101 •Okunade, A., A. Hussey, & M. Karakus,
“Overweight adolescents and on-time high school graduation: Racial and gender disparities,” Atlantic Economic Journal 37 (2009): 225-42. 100 •Okunade, Albert A. and V. N.R. Murthy.
“Are physicians and non-physician providers of out outpatient mental
healthcare substitutes or complements? A conceptual clarification,” Health Care Management Science 11
(Dec. 2008): 393-98.
99 •Okunade, Albert and M.C. Karakus, Pharmaceutical Industry, pp. 236-39, In International Encyclopedia of the Social Sciences, 2nd Ed., Farmington
Hills, MI: Thomson/Gale MacMillan Reference USA
98 •Okunade, Albert and Chutima Suraratdecha, “The Relevance of Economics for Public Policies in Multidisciplinary Health
Disparities Research,” pp. 373-384, In Cultural Proficiency
in Addressing Health Disparities. S. Kosoko-Lasaki, MD, CT Cooks, Ph. D., and R. O’Brien (MD), Eds., Boston, MA: Jones & Bartlett Publishers,
WORKING PAPERS: on economic methodology and empirical models in Applied Micro areas. Available on request to firstname.lastname@example.org.
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