Kashian, Russell

At UW-Whitewater

Affiliation
University - Faculty/Staff
Department
Economics
Position
PROFESSOR
Office Phone
(262) 472-5584
Office Location
HH 4302A

Education

  • Ph.D., Economics, University of Wisconsin-Milwaukee, August 1999
  • M.A., Economics, University of Wisconsin-Milwaukee, December 1994
  • M.S., Urban Studies, Levin College of Urban Affairs: Cleveland State University, May 1992
  • B.A., University of Wisconsin-Madison, May 1983

Bio

Russell Kashian, Ph.D., is a Professor of Economics as well as the co-founder and the Director of the Fiscal and Economic Research Center (FERC) at the University of Wisconsin Whitewater.  Under his guidance, the FERC has attracted over $450,000 in contracts with local nonprofit organizations, governmental units and businesses.  Additionally, his involvement in the University extends to the University of Wisconsin Extension where he serves as a Specialist.

Dr. Kashian has conducted extensive research in financial institutions, with a special focus on the regional sector and regional planning. This includes financial intermediaries (credit unions, community banks and minority owned banks), tourism, and economic development.  Further, Dr. Kashian recently received a $400,000 W.H. Kellogg Foundation grant to study the best practices in involving young men of color in the traditional banking sector.  This research aligns with his earlier research on fees and interest rates offered by minority owned banks, the clustering of minority owned banks and the competitiveness of credit unions.  He has been published in The Review of Black Political Economy, Applied Economics, the Journal of Applied Statistics, Economic Notes, The Journal of Economic Studies, Managerial Finance, Federal Reserve Bank of Boston Communities & Banking and Contemporary Economic Policy.

Dovetailing with his interest in local communities, Dr. Kashian’s research is focused on the regional distribution and economic impact of the Wisconsin Real Estate Market.  The results from his research have provided data regarding foreclosures in Wisconsin at a disaggregated house-by-house level from 2000 to 2015.  This output has been published in Industrial Geographer and the Journal of Regional Analysis and Policy.  He has also written on the real estate bubble in the International Research Journal of Applied Finance, Journal of Real Estate Practice and Education, and the Journal of Regional Analysis and Policy.  He has also published his academic finding regarding the economic impact of Tax Increment Financing in journals such as Real Estate Economics, Regional Science and Urban Economics, and Land Economics

Dr. Kashian’s teaching experience includes Principles of Microeconomics (Econ 201) (both traditional and online courses), Urban Regional and Transport Economics (Econ 438), and Money & Banking (Econ 354).

Recent Publications:

“Are there interregional differences in the response of cigarette smoking to state cigarette excise taxes in the USA?  Exploratory analysis” (with   Richard Cebula and Fiorentina Angjellari-Dajcia).  Journal of Applied Statistics, Forthcoming.

“Measuring X-Efficiency in NCAA Division III Athletics” (with Jeff Pagel).  Journal of Sports Economics, Forthcoming.

 “Off-balance Sheet Activities and Community Bank Performance" (with Nancy Tao).  Journal of Economic Studies, Vol 41, 2014 pp 789-807.

"Do Minority-owned Banks Pay Higher Interest Rates on CDs?"  (with Richard McGregory and Neil Lockwood).  The Review of Black Political Economy, Vol 41, 2014 pp 13-24.



Professor Kashian's major fields of research are regional planning and regional financial institutions. Recent research activity includes a baseline analysis of the results of comprehensive planning that corresponds to the Wisconsin's Smart Growth Initiative. In addition, he is currently conducting a public policy survey for the city of Muskego Wisconsin in preparation for the upcoming comprehensive planning process. Once this process is complete, Dr Kashian will begin a study of the popularity of such alternative development plans, such as the transfer of development rights, conservation planning, and the purchase of development rights. He has published the results of his research in journals such as Journal of Applied Business Research, Economic Development Quarterly, Industrial Geographer, Growth and Change, Journal of Regional Analysis and Policy, Journal of Family Issues, Industrial and Labor Relations Review, and the Monthly Labor Review. Much of Dr. Kashian's research focuses on public finance policy and the relationship between public development policy and economic outcomes. Upcoming issues relate to the evolution of Sarbanes-Oxley and its impact on community banks in Wisconsin. He has also been involved with numerous applied research projects pertaining to business and economic development in Wisconsin. For example, he has conducted studies to evaluate the economic impact of Fort Atkinson Memorial Health Services on the Jefferson and Walworth regional economy.

Wisconsin Idea Fellow
May 2004
University of Wisconsin System Board of Regents

Ph.D
Economics
University of Wisconsin-Milwaukee
1999
M.A
Economics
University of Wisconsin-Milwaukee
1994
M.S
Urban Studies
Levin College of Urban Affairs: Cleveland State University
1992
B.A
University of Wisconsin-Madison
1983

Society of Armenian Scholars
October 2006 - Current
Midcontinent Regional Science Association (MRSA)
January 2000 - Current
American Economics Association
January 1999 - Current
Program Chair: MCRSA Meetings Spring 2012 Minneapolis Minnesota
January 2012 - May 2012
Program Chair: MCRSA Meetings Spring 2011 Detroit Michigan
January 2011 - May 2011
Program Chair: MCRSA Meetings Spring 2010 St Louis Missouri
January 2010 - May 2010
Midcontinent Regional Science Association President-Elect
June 2008 - June 2009
Program Chair: MCRSA Meetings Spring 2009 Milwaukee Wisconsin
January 2009 - May 2009
Midcontinent Regional Science Association Secretary
June 2007 - 2008
Program Chair: MCRSA Meetings Spring 2008 Colorado Springs
January 2008 - June 2008
Program Chair: MCRSA Meetings Spring 2007 Kansas City
January 2007 - June 2007
Program Chair: MCRSA Meetings Spring 2006 Indianapolis
January 2006 - June 2006
Program Chair: MRSA Meetings Spring 2004 Madison Wisconsin
January 2004 - June 2004

Banks and Social Efficiency, with an Application to Minority Owned Banks."
Donald Dantzler, Robert Drago
Banking the Unbanked: Bank Deserts in the United States
Nancy Tao
A County Fair Toolbox
Paul Ohlrogge
The X Efficiency of Mutual Insurance Companies
The Effect of Concentrated Sheriff Sales of Condominiums on Adjacent Condominium Property Values
Joseph Carroll
“The Neighborhood Effect of Concentrated Sheriff Sales on Adjacent Property Values”
Matt Kures; Taggert Brooks
The Economic Considerations of Subchapter S Corporations.
Richard Cummings; Peter Westort
Foreclosures in Wisconsin: The Impact on Lakefront Homes in Racine and Walworth County
“Subchapter S Corporations and Community Banking: Does Ownership Form Impact Profitability
Richard Cummings; Peter Westort
The Value of Two Inches of Water
An Analysis of the Relationship Between Residential Development and Property Tax Rates: What is the Evidence That Development Causes Higher Tax Rates
Jeff Heinrich
Demutualization: A Hazard Analysis of the Conversion of Former Credit Unions to Public Traded Financial Institutions
Yamin Ahmad, PhD
Committee Size and Smart Growth
Heather Kohls
The Effect of ATM Networks on Community Banks
Heather Kohls
Credit Union to Mutual Conversion: Do Rates Diverge?
Jeff Heinrich
Estimating the Value of Lake Quality in the Demand for Housing
Mark Eiswerth and Mark Skidmore
Contingent Behavior Analysis Applied to Changes in Lake Quality
Mark Eiswerth and Mark Skidmore
The Economics Value of Lake Water Quality Changes: An Input/Output Approach
Mark Eiswerth and Mark Skidmore
A Smart Growth Progress Report
Heather Kohls
Water Quality and the Local Economy: A Study of Delavan Lake
Mark Eiswerth and Mark Skidmore
Property Taxes: Forests, Recapture and Efficiency
David Moeller
The Publishing Patterns of Seasoned Ph.D. Recipients?
Concentration Indexes and Adverse Selection: Comparing Canadian and Mexican Banking
Property Taxes and Forest Land, a State by State comparison
Comprehensive Planning: Is There a Relationship between Committee Design and Subsequent Outcome—A Baseline Survey
Heather Kohls
State Farmland Preferential Assessment: A Comparative Study
Credit Union Employment in the 1990's: Regional Effects of Consolidation
Kristen Monaco
Kristen Monaco
Obligor Standard, Taxation, and Consumption
IPO Location, Regional Effects & Fairness in Initial Public Offerings
Taggert Brooks
Life and Death in the IPO Premarket
Taggert Brooks
Preserving Agricultural Land Via Property Assessment Policy and the Willingness to Pay for Land Preservation
Mark Skidmore

Minority-Owned Banks and Efficiency Revisited
Journal of Productivity Analysis
Pg. 20
Equity and Asset Growth Among Subchapter S Banks
Applied Economic Letters
Vol. 24 Pg. 854-857
Minority-Owned Banks and Bank Failures After the Financial Collapse
Economic Notes
Vol. 46 Pg. 31
Measuring X-Efficiency in NCAA Division III Athletics
Journal of Sports Economics
Vol. 17 Pg. 558-577.
An Estimation of the Elasticity Demand for Tap Water: Data from Tax Rolls and a Survey
The International Journal of Social Sustainability in Economic, Social and Cultural Context,
Vol. 12 Pg. 1-12
Are There Interregional Differences in The Response of Cigarette Smoking to State Cigarette Excise Taxes in the USA? Exploratory analysis
Journal of Applied Statistics
Vol. 43 Iss. 8 Pg. pages 1494-1507
Fee or Free Checking? Noninterest Checking Account Fees, Competition, and Multimarket Banking
Applied Economics
Vol. 48 Iss. 20 Pg. 1866-1880
Interest Bearing Checking Policies at Single-Market Banks 2008-2012
Managerial Finance
Vol. 42 Pg. 1-20
ATM Fees at Black and Hispanic Owned Banks: A Comparative Analysis
The Review of Black Political Economy
Vol. 43 Iss. 1 Pg. 69-84
Lake Drawdown Revisited: The Value Of Two Inches Of Water
Journal of Business and Economic Research
Vol. 14 Pg. 7-18
The Armenians of South Milwaukee Patterns of Residence and Mobility
Journal of the Society for Armenian Studies
Vol. 24 Pg. 138-145.
A Duration Analysis of Foreclosures to Sheriff Sales in Light of the Financial Crisis
Journal of Regional Analysis and Policy
Vol. 45 Iss. 2 Pg. 162-172
Off-balance Sheet Activities and Community Bank Performance
Journal of Economic Studies
Vol. 41 Iss. 5
Do Minority-owned Banks Pay Higher Interest Rates on CDs
The Review of Black Political Economy
Vol. 41 Iss. 1 Pg. 13-24
Assessment Ratios and the Consequences of Buying into the Housing Bubble
International Research Journal of Applied Finance
Vol. 4 Iss. 2229 - 6891 Pg. 806-814
Cranberries of Wisconsin: Analyzing the Economic Impact
Journal of Business Case Studies
Vol. 9 Pg. 185-192
Town and Gown: The Negative Externality of a University on Housing Prices
Journal of Real Estate Practice and Education
Vol. 16 Iss. 1
An Estimation of the Elasticity of Demand for Tap Water
Journal of Strategic Innovation and Sustainability
Vol. 7 Iss. 3 Pg. 100-112
A Duration Analysis of the Life Spans of Tax Increment Finance Districts
State Tax Notes
Vol. 63 Pg. 465-469
The Economic Impact of Organized Camps
Tourism Economics
Vol. 17 Iss. 4 Pg. 905-916
Estimating and Analyzing the Cost Efficiency of Subchapter S Banks
Journal of Business and Economics Research
Vol. 9 Iss. 7 Pg. 43-52
Condominium Sub-Market: Effect of Sheriff Sales on Sub-Market Property Values
Journal of Regional Analysis and Policy
Vol. 41 Iss. 1 Pg. 71-81
The X-Efficiency and Profitability of Hispanic Banking in the United States
The Journal of Applied Financial Research
Vol. 1 Pg. 38-50
Pricing of the Homebuyer's Proximity to Open Land
Journal of Applied business and Economics
Vol. 11 Iss. 2010 Pg. pp 17-25
Modeling the Time to an Initial Public Offering
Journal of Economics and Finance
Vol. 34 Pg. 491-414
Modeling the Time to an Initial Public Offering: When does the Fruit Ripen?
Journal of Economics and Finance
Vol. 34 Pg. 391-414
A regional Examination of Foreclosures in Wisconsin
Industrial Geographer
Vol. 7 Pg. 19-38
Do Tax Increment Finance Districts Stimulate Growth in Real Estate Values?
Real Estate Economics
Vol. 31 Iss. 2
Does Ownership Form in Community Banking Impact Profitability
Managerial Finance
Vol. 36 Iss. 2 Pg. 122-123
On the relationship between Tax Increment Finance and Property Taxation
Regional Science and Urban Economics
Vol. 40 Pg. 407-414
“Pricing the Homebuyer’s Proximity to Open Land”
Journal of Applied Business and Economics
Vol. 11 Pg. 17-25
The Economic Considerations of Subchapter S Corporations
Taxation, Tax Policies and Income Taxes
Committee Size and Smart Growth: An Optimal Solution
Journal of Applied Business and Economics
Vol. 9 Iss. 2 Pg. 11-20
Does Tax Increment Financing Stimulate Municipal Annexations
Land Economics
Vol. 85
Examining angler behavior using contingent behavior modeling: a case study of water quality change at a Wisconsin lake
Water Resources Research
Vol. 44
Lake Drawdown: The Value of 2 Inches of Water
Journal of Business and Economics Research
Vol. Volume 6 Iss. 1 Pg. 1-22
Do Tax Increment Finance Districts Increase Real Estate Values
State Tax Notes
Vol. 47 Pg. 105-112
Credit Union to Mutual Conversion: Do Rates Diverge?
Contemporary Economic Policy
Vol. 26 Iss. 1 Pg. 107-117
Lake Rehabilitation the Value of Shoreline Real Estate: Evidence from Delavan, Wisconsin"
The Review of Regional Studies
Vol. 36 Pg. 213-238
The Publishing Patterns of Seasoned PH.D. Recipients
Journal of Business and Economics Research
Vol. 3 Pg. 1-22
State Farmland Preferential Assessment: A Comparative Study
Journal of Regional Analysis and Policy
Vol. 34 Iss. 1 Pg. 1-12
Comprehensive Planning: Is There a Relationship between Committee Design and Subsequent Outcome: A Baseline Survey
Proceeding on the Conference on the Small City and Regional Community
Vol. 15th Edition
Regional Differences and Underwriter Location in
The Industrial Geographer
Vol. 2 Iss. 1 Pg. 94-110
Mapping the Terrain of Work/Family Journals
Journal of Family Issues
Vol. 24 Iss. 4 Pg. 488-512
The Pricing of Thrift Conversions
Journal of Applied Business Research
Vol. 19 Iss. 4 Pg. 25-32
Preserving Agricultural Land via Property Assessment Policy and The Willingness to Pay for Land Preservation
Economic Development Quarterly
Vol. 16 Iss. 1 Pg. 75-87
The Willingness-to-pay for Work/Family Policies: A Study of Teachers
Industrial and Labor Relations Review
Vol. 55 Pg. 22-42
The Longest Day: Working Time for Teachers
Working Time: International Trends, Theory and Policy Perspectives
Pg. 57-72
New Estimates of Working Time for Teachers
Monthly Labor Review
Vol. 122 Pg. 31-41
Banking Employment in the 1990's: Regional Effects of Consolidation
Growth and Change
Vol. 29 Pg. 146-156

Godfrey & Kahn SC
Milwaukee
A Contested Lawsuit on the Drawdown of the Indianford Dam on Lake Koshkonong and its Economic Impact on the Value of Lake Homes
Fort Atkinson Memorial Health Services
Fort Atkinson Wisconsin
Evaluated the economic Impact of Fort Atkinson Memorial Health Services on the Regional Economy, Spring 2003 ($15,000)
City of Muskego Planning Department
Muskego Wisconsin
Consulting with the City of Muskego Planning Department on Big Muskego Lake/Bass Bay Lake District Survey, Fall 2002 ($1,000).

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