Curriculum Vitae (pdf)    December 28, 2024


Contact Information

Nazif Durmaz, Ph.D.
Associate Professor of Economics
Department of Marketing, Global Business & Economics  
Kean University
303-P Hynes Hall
Union, NJ 07083
Phone: 908-737-4188
ndurmaz at kean dot edu

Academic Positions

Current

Associate Professor, College of Business, Kean University, 2022 – Present

Editor-in-Chief/Faculty Advisor, College of Business Digital Journal 2022 – Present

Personal: U.S. and Turkish Dual Citizen, Married. 

Education

Ph.D., Applied Economics, Auburn University, 2011

M.S., Economics, Auburn University, 2009

M.S., International Marketing, Saint Joseph's University, 2003

B.S., Business Administration, Manisa Celal Bayar University, 1999

Research Interests

International Economics and Trade,  Empirical Financial Economics,

Open Economy Macroeconomics,  Time Series Econometrics, Forecasting

Refereed Publications

* undergraduate student

30. Durmaz, Nazif, Shuyi Bian*, and Yihang Gu* (Forthcoming), “Economic Policy Uncertainty and Housing Prices: Evidence from Northern and Southern Europe,” Accepted, International Journal of Housing Markets and Analysis.

29. Durmaz, Nazif, Jiaxin Zheng*, and Pingyu Zhou* (Forthcoming), “Stock Returns and Income Inequality in Emerging Economies: Asymmetric evidence from BRICS and MIKTA,” Accepted, The Global Journal of Emerging Market Economies.

28. Durmaz, Nazif, Qiutong Liu*, and Zhechen Lu* (Forthcoming), “CO2 emission, energy consumption, and economic growth in Latin America,” Accepted, Energy Research Letters.

27. Durmaz, Nazif (2024), “The effects of policy uncertainty on stock prices: Revisiting with selected countries,” Ekonomika 103-3, 57-69.

26. Kagochi, John and Nazif Durmaz (2024), “Determinants of Intra-Sub-Saharan Africa Tourism Demand,” Tourism Analysis 29-3, 403-418.

25. Durmaz, Nazif and Alexi Thompson (2024), “An Environmental Kuznets Curve for Water Pollution: Does Water Abundance Affect the Turning Point?,” Science of the Total Environment Vol. 913, 169657.

24. Durmaz, Nazif and Tairu Jie* (2024), “Money demand in Mexico: a nonlinear ARDL approach,” Economics and Business Letters 13-1, 20-28.

23. Durmaz, Nazif and Zixin Tong* (2023), “Bilateral Trade of Turkey-US: Can Euro explain this relationship?,” The Journal of International Trade & Economic Development 33(8), 1691–1707.

22. Durmaz, Nazif and Shuzhe Zheng* (2023), “Turkish Coffee Bean Imports: Asymmetric Exchange Rate Pass-Through Analysis,” Accepted, Journal of Agribusiness in Developing and Emerging Economies.

21. Durmaz, Nazif (2023), “Closed-End Fund Discounts and Economic Policy Uncertainty,” Journal of Risk and Financial Management 16-3, 1-29.

20. Durmaz, Nazif and John Kagochi (2022), “Asymmetric Exchange Rate Pass-Through in Turkish Imports of Cocoa Beans,” Journal of Risk and Financial Management 15-4, 1-11.

19. Metghalchi, Massoud, Nazif Durmaz, Peggy Cloninger, and Kamvar Farahbod (2021), “Trading Rules and Excess Returns: Evidence from Turkey,” International Journal of Islamic and Middle Eastern Finance and Management 14-4, 713-731.

18. Bahmani-Oskooee, Mohsen and Nazif Durmaz (2021), “Exchange rate volatility and Turkey–EU commodity trade: an asymmetry analysis,” Empirica 48-2, 429-482.

17. Kagochi, John and Nazif Durmaz (2020), “Stock Market Development, Human Capital, and Economic Growth in Sub-Saharan Africa,” Review of Development Finance 10-1, 17-30.

16. Bahmani-Oskooee, Mohsen and Nazif Durmaz (2020), “Asymmetric Cointegration and the J-Curve: Evidence from Commodity Trade between Turkey and EU,” Empirica 47-4, 757-792.

15. Durmaz, Nazif and John Kagochi (2018), “Democracy and Inter-regional Trade Enhancement in Sub-Saharan Africa: Gravity Model,” Economies 6-3, 1-17.

14. Kagochi, John and Nazif Durmaz (2018), “Assessing RTAs Inter-Regional Trade Enhancement in Sub-Saharan Africa,” Cogent Economics and Finance 6-1, 1-14.

13. Durmaz, Nazif (2017), “Foreign Direct Investments, Democracy, and Economic Growth in Turkey,” International Journal of Social Economics 44-2, 232-252.

12. Bahmani-Oskooee, Mohsen and Nazif Durmaz (2017), “Evidence on Orcutt's Hypothesis using Turkish-US Commodity Trade,” The Journal of International Trade & Economic Development 26-1, 25-44.

11. Lee, Jaehyuk and Nazif Durmaz (2016), “Impact of Climate Change on US Corn Production: Evidence from Panel Study,” Applied Econometrics and International Development 16-1, 93-104.

10. Bahmani-Oskooee, Mohsen and Nazif Durmaz (2016), “Exchange Rate Volatility and Turkish Commodity Trade with the Rest of the World,” Economic Change and Restructuring 49-1, 1-21.

9. Durmaz, Nazif (2015), “Industry Level J-Curve in Turkey,” Journal of Economic Studies 42-4, 689-706.

8. Durmaz, Nazif and Jaehyuk Lee (2015), “An Empirical Analysis of Import Demand Function for Turkey: An ARDL Bounds Testing Approach,” Journal of Developing Areas 49-4, 215-226.

7. Kagochi, John and Nazif Durmaz (2014), “Transfer Students from Two-year Institutions to Four-year Institutions at the Course Level: A Case of Minority Students Population,” International Journal of Education Economics and Development 5-3, 257-266.

6. Durmaz, Nazif (2014), “Inventories of Asian Textile Producers, US Cotton Exports, and the Exchange Rate,” Panoeconomicus 61-4, 397-413.

5. Durmaz, Nazif and Henry Thompson (2013), “US Cotton Exports and Bilateral Exchange Rates,” Agricultural Economics Review 14-1, 5-15.

4. Soylu, Ali and Nazif Durmaz (2013), “Profitability of Interest-free vs. Interest-based Banks in Turkey,” Australian Economic Review 46-2, 176-188.

3. Kim, Hyeongwoo and Nazif Durmaz (2012), “Bias Correction and Out of Sample Forecast Accuracy,” International Journal of Forecasting 28, 575-586.

2. Cheng, Ka Ming, Nazif Durmaz, Hyeongwoo Kim, and Michael Stern (2012),“Hysteresis vs. Natural Rate of US Unemployment,” Economic Modelling 29-2, 428-434.

1. Durmaz, Nazif (2011), “Housing Prices and Fundamentals: Role of Supply Shifter,” Economics Bulletin 31-3, 2468-2479.

Working Papers

“Relative Prices and Empirical Trade Patterns,” November 2022 (with Henry Thompson), Revised & resubmitted.

“Trend Breaks and the Persistence of Closed-End Mutual Fund Discounts,” March 2023 (with Hyeongwoo Kim, Hyejin Lee, and Yanfei Sun), under review.

“Simulating the Constant Cost Trade Model,” February 2024 (with Henry Thompson), under review.

“Stock Price-Exchange Rate Nexus: Asymmetry Analysis with Selected Countries,” January 2023,  Revised & resubmitted.

“Temporary Employment, Gender, and Productivity in Global Food Industry,” May 2023 (with Dengjun Zhang), under review.  

“The Impact of Energy Outages and In-House Generators on Capacity Utilization: African Manufacturing Industry,” December 2023 (with Dengjun Zhang and John Kagochi), Revised & resubmitted.

“Economic Policy Uncertainty and Housing Prices,” May 2024, under review.
“Determinants of Temporary Employment,” December 2023 (with Dengjun Zhang), in progress

“Tax Evasion, Corruption, and International Trade,” February 2024 (with John Kagochi), in progress 

“Housing Prices and Fundamentals in US Metropolitan Areas,” February 2020, in progress

“Revisiting Determinants of Tracking Error in Country-Specific Global ETFs,” March 2019, in progress

“Political Kuznets Curve and Democracy,” March 2019, in progress

“Participation Banking in Turkey,” May 2018, in progress

Editorial Service

Special Issue Guest Editor, Journal of Risk and Financial Management, 2023 – Present
Member, Reviewer Board, Journal of Risk and Financial Management, 2020 – Present

Referee

Applied Economics, Applied Economics Letters, Australian Economic Papers, Cogent Economics and Finance, Comparative Economic Studies, Digest of Middle East Studies, Eastern European Economics, Economic Change and Restructuring, Economic Modelling, Economic Papers, Economics Bulletin, Economies, Energies, Energy Sources Part B: Economics, Finance Research Letters, Frontiers of Economics in China, International Economic Journal, International Economics, International Economics and Economic Policy, International Journal of Business and Globalization, International Journal of Emerging Markets, International Journal of Financial Studies, International Journal of Public Policy, International Journal of Social Economics, International Review of Financial Analysis, Journal of Agricultural Science and Technology, Journal of Developing Areas, Journal of Economic Studies, Journal of Economics and International Finance, Journal of Quantitative Economics, Journal of Risk and Financial Management, Mathematics, PLOS ONE, Quarterly Journal of Finance & Accounting, Review of Development Economics, Review of Economics and Political Science, Risks, SAGE Open, Sustainability, The International Trade Journal, The Journal of Economic Asymmetries, The Journal of International Trade & Economic Development, The Manchester School, The Singapore Economic Review, World Development Sustainability.

Seminar Presentations

2025 Ios Economics Workshop (Ios, Greece, June, Scheduled)

2024 Southern Economic Association Meeting (Washington, DC, November)

2024 Academic Retreat, Wenzhou-Kean University (Wenzhou, China, October)

2023 Ios Economics Workshop (Ios, Greece, June)

2023 Kean University (Union, NJ, April)

2023 Eastern Economic Association (49th Annual Conference, New York, NY, February)

2022 Kean University (Union, NJ, February, Virtual)

2022 Lebanon Valley College (Annville, PA, April)

2021 Southern Economic Association Meeting (Houston, TX, November)

2021 Montclair State University (Montclair, NJ, April, Virtual)

2020 Eastern Economic Association (46th Annual Conference, Boston, MA, February)

2019 European Economics and Finance Society (18th Annual Conference, University of Genoa, Genoa, Italy, June)

2019 New Mexico State University (Las Cruces, NM, May)

2018 European Economics and Finance Society (17th Annual Conference, City University of London, London, England, UK, June)

2017 4th Annual International Conference on Social Sciences (Athens, GREECE, July)

2015 Southern Economic Association Meeting (New Orleans, LA, November)

2014 Western Economic Association International Annual Conference (Denver, CO, June)

2013 University of Houston-Victoria (Sugar Land, TX, March)

2012 Southern Economic Association Meeting (New Orleans, LA, November)

2012 European Economics and Finance Society (11th Annual Conference, Koc University, Istanbul, TURKEY, June)

2012 University of Houston-Victoria (Sugar Land, TX, March)

2011 Midwest Econometrics Group (21st Annual Meeting, University of Chicago Booth School of Business, Chicago, IL, October)

2010 Southern Economic Association Meeting (Atlanta, GA, November)

2010 Auburn University (Auburn, AL, October)

2009 Auburn University (Auburn, AL, March)

Conference Session Organizer

2024 Southern Economic Association Meeting (Washington, DC, November)

Conference Session Chair

2024 Southern Economic Association Meeting (Washington, DC, November)

2017 4th Annual International Conference on Social Sciences (Athens, GREECE, July)

Awards

President’s Research Grant, Kean University (2024)

National Science Foundation’s Build and Broaden Program Faculty Mentor Award, Kean University (2024)
Faculty Research Mentor of the Year, Kean University (2024)
Recognition in Student Success, University of Houston - Victoria (2020, 2021, 2022)
Nominated for the Enron Teaching Excellence Award, University of Houston - Victoria (2018)
Partnership Professor of Economics, College of Business, University of Houston - Victoria (2014)
Summer Research Grant, College of Business, University of Houston - Victoria (2013)

Academic Experience

Associate Professor, College of Business, Kean University 2022 – Present
Assessment Coordinator, Department of Marketing, Global Business & Economics 2023 – Present
Chair, College of Business Curriculum Committee 2023 – Present
Editor-in-Chief/Faculty Advisor, College of Business Digital Journal 2022 – Present
Member, Reviewer Board, Journal of Risk and Financial Management, 2020 – Present
Associate Professor, College of Business, University of Houston-Victoria 2018 – 2022
Assistant Professor, College of Business, University of Houston-Victoria 2012 – 2018
Coordinator, Bachelor of Business Administration in Economics Program, UHV, 2017 – 2022
Chair, Undergraduate Curriculum Planning and Assessment Committee, UHV,  2016 - 2019
Chair, BBA in International Business Planning and Design Committee, UHV,  2016 - 2017
Visiting Assistant Professor, Department of Economics, Stetson University, 2011 – 2012
Instructor, Department of Economics, Auburn University, 2010 – 2011
Adjunct Instructor, Department of Business, Troy University – Montgomery, 2010 – 2011
Research/Teaching Assistant, Auburn University, Prof. Henry Thompson, 2007 – 2010
Research Assistant, Saint Joseph's University, Prof. John Lord, Spring 2002

Service

University  Level

Kean Academic Standards and Policy Committee (Secretary), 2023 - present

Kean GA Committee (Member), 2023 - present
Kean Faculty Advisor for USDA Market Challenge, 2023
UHV Honors Program Committee, 2022 – 2022
UHV Core Curriculum Committee, 2021 – 2022
UHV Provost's Advisory Committee, 2019 - 2020
UHV Faculty Senate (Senator - UHV College of Business), 2019 - 2020
UHV Faculty Senate (Senator - UHV College of Business), 2014 - 2015

College Level
Kean College of Business Curriculum Committee (Chair), 2023 - present

Kean Assessment Coordinator, Department of Marketing, Global Business & Economics 2023 – Present
Kean Personnel Relations Committee (Chair), 2023 - present

Kean College of Business Grievance Committee (Member), 2023 - present

Kean Search Committee (Member), 2022 - present

Kean College of Business Digital Journal Faculty Advisor/Editor-in-Chief, 2022 - present

UHV Coordinator, BBA in Economics Program, 2017 – 2022
UHV Faculty Advisor, Gamma Beta Phi - Katy, 2014 – 2022

UHV Undergraduate Curriculum Planning and Assessment Committee (Member), 2021 – 2022 

UHV Policy Review Committee (Member), 2021 – 2022 

UHV P&T Advisory Committee (Member), 2021 – 2022
UHV Internship Faculty Co-Advisor - Katy, 2016 – 2021

UHV Undergraduate Curriculum Planning and Assessment Committee (Chair), 2016 - 2019

UHV Chair, BBA in International Business Planning and Design Committee, 2016 - 2017

UHV MBA Redesign Committee (Member), 2013 - 2014

Affiliations

Southern Economic Association (2010 - )
Western Economic Association International (2014 - )
Eastern Economic Association (2020 - )

Media Interviews

MoneyGeek  -  Bundling Home and Auto Insurance - June 6, 2023

WalletHub  -  Best Car Insurance Companies in Texas - July 1, 2021

Victoria Advocate  -   Food delivery apps, Victoria market - Sep 30, 2018

                                      Bill to hold businesses liable - Dec 30, 2016
                                      Should salary level be raised for overtime? - Jul 19, 2015

Additional Skills

Languages: Turkish, English
Programming: Python, Stata, R, Gauss, Gretl, Microfit, EViews, SAS.
Applications: Windows database, spreadsheet, and presentation software, LATEX.

Other Work Experiences

Reviewer, Macroeconomics: Theory and Applications, (1st ed.) by Robert Lester, February, 2024

Reviewer, Macroeconomics, (6th ed.) by Charles I. Jones, January, 2024

Reviewer, Faculty Tenure & Promotion Case, Louisiana Tech University, November, 2023

Reviewer, Business Statistics, (4th ed.) by Sanjiv Jaggia and Alison Kelly, March, 2022

Reviewer, Faculty Tenure & Promotion Case, University of Southern Mississippi, August, 2021

Reviewer, Business Statistics new textbook McGraw-Hill, November, 2020

Reviewer, Barnes & Noble open educational resources (OER) courseware, September, 2020

Reviewer, The Economics of Managerial Decisions, (1st ed.) by Roger Blair and Mark Rush, November, 2016

Reviewer, Principles of Economics Series, (7th ed.) by N. Gregory Mankiw, June, 2012

Assistant Manager, Sales Representative, Trimex International Company Philadelphia, PA Feb ’03 – July ’07.