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University of Wisconsin Milwaukee

Issued by: Yvette Craig

Date: Sept. 18, 2003

Two from UWM named top economists

MILWAUKEE - For three decades, Who's Who in Economics: A Biographical Dictionary of Major Economists has identified the world's leading economists. The fourth edition, released this fall, continues this tradition and includes UWM economics professors Mohsen Bahmani-Oskooee and John Heywood.

"When Brett Favre is asked what he wants, he typically says `the Super Bowl.' This is like my Super Bowl," said Bahmani-Oskooee, Wilmeth Professor and director of the Center for Research on International Economics.

In this new edition, the editors used EconLit, the American Economic Association's electronic database that provides bibliographic information on economic journals, books, dissertations, and abstracts of working papers.

From this source, they obtained the frequency of articles published by each economist between 1990 and 2000. All published articles were then weighted by an impact factor (a measure of quality) of the journal in which they appeared.

Next, a rank order of economists by citation frequency was produced using the Institute for Scientific Information-ISI-Web of Science. According to the editors of the $315 reference book, these are the "major" economists who have had the greatest influence on the discipline during the last decade.

"Mohsen Bahmani-Oskooee and John Heywood are both extremely deserving of this recognition and we are proud of them both," said Richard Meadows, dean of the College of Letters and Science. "They are outstanding scholars with significant service commitments to both the Economics Department and the College of Letters and Science."

Bahmani-Oskooee is known worldwide for his expertise in international finance. His work with international reserves launched a distinguished and prolific career that includes some 80 papers published in textbooks and professional journals. He has studied numerous factors affecting international exchange rates, including the balance of trade, black market rates, inflation, and federal deficits.

In addition to his in-depth analysis of the U.S. economy, Bahmani-Oskooee has done extensive research on the economies of Turkey, Iran, Japan and Korea.

Bahmani-Oskooee has returned to his native Iran on several occasions in conjunction with his research, which has been supported by the Iranian Central Bank. He has received a UWM Foundation/Graduate School Research Award and a Social Science Research Council Grant.

Bahmani-Oskooee said he is doubly proud of being named in Who's Who In Economics because he is "one of only three Iranians to be recognized."

Heywood, director of the Graduate Program in Human Resources and Labor Relations, has written widely on labor economics and industrial organization.

A proponent of "academic tourism," Heywood has held visiting positions in Germany, the United Kingdom, Australia, and Hong Kong, and has served as an external thesis examiner for Ph.D. students from many other countries.

A past winner of the UWM Foundation Award for Research, Heywood is most proud of the accomplishments of his students. He also expresses optimism for the future.

"The department has such a talented young faculty that I'm sure that the next volume, in 10 years, will include many more UWM economists," Heywood said.

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