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.
The University of Wisconsin System Board of Regents has named 100 faculty and staff from across the state as 2004-05 "Wisconsin Idea Fellows" in recognition of public service contributions to their communities and the state and to help further job creation in Wisconsin.
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
While the Subchapter S form of ownership has existed for some time, until the passage of the Small Business Job Protection Act of 1996, firm were required to organize as traditional corporations and were precluded from converting to Subchapter S. The dri...
Foreclosures in Wisconsin: The Impact on Lakefront Homes in Racine and Walworth County
Mortgage foreclosures have been a dominant force in recent economic discussions. Integrated in this discussion are such concepts as sub-prime lending, neighborhood destruction, and the erosion of the property tax base. Al goal of this paper is to under...
“Subchapter S Corporations and Community Banking: Does Ownership Form Impact Profitability
Richard Cummings; Peter Westort
While the Subchapter S form of ownership has existed for some time, until the passage of the Small Business Job Protection Act of 1996, commercial banks were required to organize as traditional corporations and were precluded from converting to Subchapter...
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
Discussant:
Mid-Continental Regional Science Association Meeting, May 2003
Discussant:
Midwest Economics Association Meeting, March 2003.
Credit Union Employment in the 1990's: Regional Effects of Consolidation
Kristen Monaco
Kristen Monaco
Credit Union Employment in the 1990's: Regional Effects of Consolidation (with Kristen Monaco). Center for Research on International Economics Lecture Series,
UW-Milwaukee, March 7, 2003.
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
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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