Explaining low self-employment rates among foreign-born STEM graduates: Why start a business if it doesn’t pay?
According to analysis of the American Community Survey, foreign-born college graduates in the science, technology, engineering and mathematics (STEM) field have much lower self-employment rates compared to foreign graduates of other majors. Why aren’t these technologically and scientifically-minded people starting new companies?
Oklahoma State University associate professor of economics and legal studies John Winters and co-author Zhengyu Cai from Southwestern University of Finance and Economics were also curious, as individuals who immigrate to a developed country are generally thought to be more entrepreneurial. One partial yet important explanation is earning differences between STEM and non-STEM fields: employed STEM graduates make a lot more money.
“Only about eight percent of foreign-born STEM graduates own their own businesses compared to 11.3 percent of foreign non-STEM graduates,” Winters said. “We wanted to try to explain this… so we started by documenting that foreign-born STEM graduates, on average, earn much higher in paid employment than their non-STEM counterparts.” Continue Reading
As she prepares for graduation, Carson Guinn credits her parents for inspiring her to pursue a career in finance
Carson Guinn is a senior economics and finance double major with a minor in accounting from Wichita, Kansas. She will graduate from Oklahoma State University on May 13.
Her parents Lynn and Kim Guinn graduated from the T. Boone Pickens College of Business at West Texas A&M University in Canyon, Texas, outside of Amarillo. “Pickens was a large supporter of the school as well as a major supporter of Oklahoma State University. So we have a running joke in my family that although we didn’t graduate from university, we have the same alma mater because T. Boone Pickens is such a huge supporter of Oklahoma State. So we’re kind of all Cowboys,” said Guinn. Continue Reading
Three Spears School of Business students placed in the college-level round of the Three Minute Thesis (3MT®) competition Feb. 23.
In this competition, each student has a maximum of three minutes to present his or her thesis. The student is limited to a single PowerPoint slide and must verbally present the information.
Oklahoma State University economics and legal studies student Durba Chakrabarty placed first in the competition and received $300. Marketing student Yasamin Vahadati received $200 for placing second, and Peter Liang, management science and information systems student, placed third and was also the People’s Choice winner, receiving a total of $400. Continue Reading
Let’s put the blue pencil down and be specific: the non-compete agreement is not an agreement at all.
Oklahoma State University’s Griffin Pivateau, associate professor of economics and legal studies in business for the Spears School of Business, was recently cited by the Supreme Court of Nevada. The Court relied heavily on Pivateau’s article, “Putting the Blue Pencil Down: An Argument for Specificity in Noncompete Agreements,” to shape the law of Nevada regarding blue pencil doctrine, where a count finds portions of a contract void but other portions are enforceable. Pivateau’s article argues that permitting courts to alter non-compete agreements, a contract that states an employee will not compete with his or her employer upon leaving employment for a specific period of time, violates public policy. Continue Reading
The recent rise in energy prices will lead employment in the Oklahoma energy sector to stabilize and increase slightly in 2017, Oklahoma State University economist Dan Rickman said Tuesday during the 2017 Oklahoma Economic Outlook Conference.
The conference is hosted each December by the Center for Applied Economic Research in OSU’s Spears School of Business. This year’s conference, held at the Metro Technology Centers at the Springlake Campus in Oklahoma City, included presentations on the future of aerospace and its importance in Oklahoma. In addition, the featured speakers addressed national and state economic conditions.
“Oil prices have rebounded from their recent lows with the rebalancing of oil demand and supply,” said Rickman, Regents Professor of Economics and Oklahoma Gas and Electric Services Chair in Regional Economic Analysis. “Increased supply responses by oil producers to further price increases though will cause oil prices to stay within a narrow range near the current level in the upcoming year.” Continue Reading
The Oklahoma State University Center for Applied Economic Research and Spears School of Business will host the 2017 Oklahoma Economic Outlook Conference on Dec. 6 at the Metro Technology Centers Springlake Campus in Oklahoma City.
Dan Rickman, Regents Professor of Economics at the OSU Spears School of Business, will present his report discussing forecasts of major economic variables for Oklahoma and will focus on the expected trajectory of Oklahoma’s energy industry. The Oklahoma State Econometric Model, which provides information on the probable performance of the Oklahoma economy in the upcoming year, was used to compile Rickman’s report.
Conference speakers will also include experts from Boeing and the Greater Oklahoma City Chamber. They will discuss the future of aerospace and its importance in Oklahoma. In addition, they will address national, state and local economic conditions.
A study published this month ranks Oklahoma State University as the sixth most prolific institution in the United States based on publications in the top 10 regional science journals. OSU also ranks number 17 in the world, in the study published in Growth and Change: A Journal of Urban and Regional Policy.
OSU Spears School of Business economic professors Dan Rickman and John Winters were both were recognized in the individual rankings. Rickman ranks second in regional science publications among all U.S. researchers and Winters is 10th in the rankings.
“OSU has a long tradition of excellence in regional science research, and these rankings show that we continue to shine,” said Lee Adkins, head of the Department of Economics and Legal Studies in Business.
The Supreme Court of Nebraska recently cited an article authored by Oklahoma State University legal studies professor Griffin Pivateau in a ruling involving a dispute between a franchisor and its former franchisee.
“I am particularly pleased that my research can contribute to the resolution of an issue that affects thousands of people across the country,” said Pivateau, an OSU Spears School of Business faculty member since 2009. “Having a case cited by the highest court in a state is a rare honor. Citation by appellate courts is a significant accomplishment for any legal scholar.”
The case, Unlimited Opportunity, Inc. v. Waadah, arose out of a dispute between the franchisor and its former franchisee. The franchisee had begun a new business that competed with the franchisor, which attempted to enjoin the new business by asserting its rights under a non-compete agreement signed by the franchisee. Non-compete agreements, which prevent an employee from opening a new business that competes with his former employer, are a common feature of franchise agreements.
Spears School of Business economics professor Dan Rickman was recently selected as president for 2016 of the North American Regional Science Council, an international scholarly organization.
Rickman is Regents Professor of Economics and Oklahoma Gas and Electric Services Chair in Regional Economic Analysis in the Spears School’s Department of Economics and Legal Studies in Business at Oklahoma State University.
“I have spent my entire career working in the field of regional science and am greatly honored to having been selected to serve as president of the North American Regional Science Council,” said Rickman, who joined the Spears School faculty in 1996.
His diverse research interests include regional economic development across the rural-urban hierarchy, poverty, regional business cycles, regional economic forecasting, and migration and immigration. Rickman’s recent research involved energy-related topics, including the impacts of shale oil and gas extraction on regional economies.
(NOTE: All of the presentations by the speakers at the 2016 Oklahoma Economic Outlook Conference can be accessed at: http://economy.okstate.edu/forecasts/)
Gluts in the supply of oil and natural gas are expected to continue to keep energy prices low and reduce energy-related employment in Oklahoma throughout 2016, Oklahoma State University economist Dan Rickman said Tuesday during the 2016 Oklahoma Economic Outlook Conference.
He added, though, that some other sectors of the Oklahoma economy will continue to benefit from an expanding national economy.
The conference is hosted each December by the Center for Applied Economic Research in OSU’s Spears School of Business. This year’s conference, held at the Metro Technology Centers at the Springlake Campus in Oklahoma City, included presentations on national, state and local economic conditions. Topics of other presentations included Oklahoma teacher salaries and current practices in state budgeting in Oklahoma.
Rickman projects that total nonfarm employment in 2016 will be roughly unchanged from that in 2015. Notable job gains in excess of 2,000 are forecast for the sectors of healthcare and social assistance, construction, leisure and hospitality, and local government.
The Center for Applied Economic Research in the Spears School of Business at Oklahoma State University will present the 2016 Oklahoma Economic Outlook report on Dec. 8 at the Metro Tech Centers–Springlake Campus in Oklahoma City.
Registration begins at 8:30 a.m., with the conference from 9 a.m. to noon.
The Oklahoma State Econometric Model is used to compile the report, which provides information on the probable performance of the Oklahoma economy in the upcoming year. The OSU econometric model is in its 36th year of development and is the state’s only large-scale econometric forecasting model.
Dan Rickman, OSU Regents professor of economics in the Spears School, will present his report on the 2016 economic outlook for the state of Oklahoma.
Timothy Bisping, who received his doctoral degree in economics from Oklahoma State University, is the new dean of the Nelson Rusche College of Business at Stephen F. Austin University in Nacogdoches, Texas.
Bisping earned his doctorate in economics from OSU in December 1997, and his bachelor’s and master’s degrees in economics from Wichita State University.
He was a teaching associate at what was then called the OSU College of Business Administration during his time in Stillwater. He has taught at the University of Central Oklahoma, Austin College, Concordia University, Louisiana Tech University, and the University of Central Arkansas.
Oklahoma State University Regents Professor of Economics Dan Rickman was one of the organizers of the fourth International Workshop on Regional, Urban, and Spatial Economics in China over the summer.
Rickman, an economist in the OSU Spears School of Business, was joined by two students in the economics doctoral program and three graduates of the Ph.D. program in attending the workshop at Tsinghua University in Beijing, China in June. It was the largest contingent of representatives from any school in the United States.
John Winters, assistant professor in the Department of Economics and Legal Studies in Business at Oklahoma State University, was the recipient of the William H. Miernyk Research Excellence Medal presented recently at the Southern Regional Science Conference in Mobile, Ala.
Upon its 40th anniversary, the Regional Research Institute at West Virginia University initiated an award for scholarly excellence in honor of William H. Miernyk, founding director of the Institute. The Miernyk Medal is awarded annually at the Southern Regional Science Meeting to the first author of the best SRSA conference paper written and presented by an eligible scholar.
“This is further evidence of John’s growing status in the profession. We could not be more pleased to have John here at OSU. He really is an outstanding young scholar in Urban and Regional Economics,” said Lee Adkins, head of the Department of Economics and Legal Studies in Business in the Spears School of Business.
Winters’ primary research is in the field of Regional Economics and Labor Economics with specific topics including the migration decisions of college students and college graduates, the effects of human capital on regional economies, the effects of policies and other factors on individual education outcomes, inter-area wage differentials, and teacher labor markets.
Winters has taught at OSU’s Spears School of Business since 2013.
Oklahoma State University’s Department of Economics and Legal Studies in Business is one of the best in the world in rankings recently published by Research Papers in Economics.
The Economics and Legal Studies program is among the top 10 percent of economic institutions worldwide in the rankings released in February by Research Papers in Economics (RePEc), an economics research-indexing network.
“This is a nice recognition that reflects the high quality and breadth of research being done by our faculty,” said Lee Adkins, head of the Department of Economics and Legal Studies in Business. “Our faculty publish their research in leading economics journals and receive high readership and citation rates, all of which increase our impact as captured by RePEc.”
The ranking, according to the RePEc website, is based on 6,796 institutions from across the world. They are computed using 31 different rankings, according to 31 different criteria, and then aggregated using a harmonic mean of the rank orders.
The complete list of the Top 10 Percent Economic Institutions is available via the website: https://ideas.repec.org/top/top.inst.all.html.
Former Oklahoma State Treasurer Scott Meacham, who now leads i2E’s efforts to create jobs in Oklahoma through the development of and investment in small businesses with the potential for growth, will be the featured speaker March 26 for the Puterbaugh Ethics Lecture on Oklahoma State University’s Stillwater campus.
Meacham, president and CEO of i2E, will address “Ethics in Business: Can We Learn or Are We Born with Them?” during the lecture at 2 p.m. Thursday, March 26, in 317 Engineering South. Admission is free and is open to all OSU students.
“Scott Meacham’s career, which has included significant public service and engagement with the broader Oklahoma community, demonstrates his commitment to ethical leadership,” said Laurie Lucas, Puterbaugh Professor of Legal Studies and Ethics in Business in OSU’s Spears School of Business.
Executives who lead three successful businesses from around the world will be sharing with Oklahoma State University students during CEO Day from 3:30 to 4:45 p.m. April 14 in the Little Theater of the Student Union.
A forum entitled “Strategic Vision in a Global Economy,” will feature Behfar Jahanshahi, CEO, InterWorks, Inc.; Liz McKinley, president and owner, Pinnacle Petroleum Inc., and Justin Stead, chairman, CBPE Capital and sofa.com.
CEO Day is hosted by the Spears School of Business to bring successful business people to the Stillwater campus so students have opportunities to discover the challenges and issues that business leaders face, understand how CEOs chart their career paths, discover characteristics they seek in managers, interact with successful executives, and learn about their decision processes and leadership styles. Continue Reading
NOTE: Click here to access all of the presentations by the speakers at the 2015 Oklahoma Economic Outlook Conference.
OKLAHOMA CITY – Oklahoma is expected to see continued job growth in 2015, Oklahoma State University economist Dan Rickman said Tuesday during the 2015 Oklahoma Economic Outlook Conference.
The conference is hosted each December by the Center for Applied Economic Research in OSU’s Spears School of Business. This year’s conference, held at the Metro Technology Centers at Springlake Campus in Oklahoma City, included discussions of economic conditions and prospects for Oklahoma and the United States.
Rickman projects that over 30,000 jobs will be added to the Oklahoma workforce during the 12-month period beginning Jan. 1, 2015. The majority of those jobs are expected to be in administrative and support services and durable goods manufacturing (with more than 5,000 new jobs created in each sector). Over 4,000 jobs are expected to be created in each of health services and the sector including accommodation, food services, leisure services and hospitality employment.
The Center for Applied Economic Research in the Spears School of Business at Oklahoma State University will present the 2015 Oklahoma Economic Outlook report on Dec. 2 at the Metro Tech Centers–Springlake Campus in Oklahoma City.
Registration begins at 8:30 a.m., with the conference from 9 a.m. to noon.
The Oklahoma State Econometric Model is used to compile the report, which provides information on the probable performance of the Oklahoma economy in the upcoming year. The OSU econometric model is in its 35th year of development and is the state’s only large-scale econometric forecasting model.
The theme of this year’s conference is “Education and the Oklahoma Economy.”
The Spears School of Business faculty, students, staff and alumni are looking forward with great anticipation to the culminating event as 2014 marks the 100th anniversary of business education at Oklahoma State University.
The Spears School Tributes: 100 For 100 reception and dinner will be Friday, Nov. 7, at the Wes Watkins Center on OSU’s Stillwater campus. The school is recognizing graduates who exemplify the Oklahoma State and business school spirit. These tributes represent a rich history and diversity of experience among those who have earned business degrees from OSU over the past 100 years.
“We are proud to celebrate some of the more than 43,000 graduates since the school was founded in 1914,” said Ken Eastman, dean of the Spears School. “The Tributes represent the diversity of our graduates. These honorees are from various backgrounds, ages and occupations. Each has an inspiring story to tell, and we are proud to have them as part of the Spears School family.”
The sophomore, from Tuttle, appeared on the network’s morning news show, Fox & Friends, after winning the Fox News Channel College Challenge, a contest designed to find the next generation of journalists and broadcast their skills.
Paxton was the first winner of the competition to work entirely by himself to produce his report, a feat that impressed Steve Doocy, one of the hosts of Fox & Friends, who called Paxton a “one‐man band.”
Paxton was also awarded an all-access tour of Fox News, seeing everything from corporate offices to high‐tech studios. He also got to sit with country music superstar Charlie Daniels in the green room while waiting to go on air. Continue Reading
Oklahoma is expected to see a pickup in job growth in 2014 following the slowdown in growth experienced during 2013, Oklahoma State University economist Dan Rickman said Wednesday during the 2014 Oklahoma Economic Outlook Conference.
The conference is hosted each December by the Center for Applied Economic Research in OSU’s Spears School of Business. This year’s conference, held at the Metro Technology Centers at Springlake Campus in Oklahoma City, includes discussions of economic conditions and prospects for Oklahoma and the United States.
Rickman projects that nearly 20,000 jobs will be added to the Oklahoma workforce during the 12-month period beginning Jan. 1, 2014. The majority of those jobs will be in the administrative and support services (with more than 5,000 new jobs created) and accommodation, food services, leisure services and hospitality sectors (just under 3,000), Rickman’s forecast reflects.
The 2014 Oklahoma Economic Outlook Conference is scheduled from 8:30 a.m. to noon Wednesday, Dec. 4, at the Metro Technology Center Springlake Campus in Oklahoma City.
The Oklahoma State Econometric Model is used to compile information presented at the conference. It provides data on the probable performance of the Oklahoma economy in the upcoming year. The Model is in its 34th year of development and is the state’s only large-scale econometric forecasting model.
Featured speakers include Dan Rickman, OSU Regents Professor of economics; Deidre Myers, deputy director of economic and workforce policy at the Oklahoma Department of Commerce; Chad Wilkerson, vice president and branch executive and economist at the Oklahoma City branch of the Federal Reserve Bank of Kansas City; Karen Maguire, OSU professor of economics, and Michael Teague, State of Oklahoma secretary of energy and environment.
The Department of Economics and Legal Studies at Oklahoma State University’s Spears School of Business will host Gretl Conference 2013 this summer in which participants from all around the world will travel to Oklahoma.
The Gretl Conference 2013 is for econometricians who are devoted users and developers of Gretl, an open-source statistical package used worldwide.
The conference is scheduled for June 20-21 in Oklahoma City, and it is the first time the group will be meeting in the United States. The previous two conferences were held in Toruń, Poland (2011) and Bilbao, Spain (2009).
Oklahoma State University’s Center for Applied Economic Research in the Spears School of Business will present the 2013 Oklahoma Economic Outlook Conference on Dec. 5 at the Metro Technology Center Springlake Campus in Oklahoma City.
The conference will run from 8:30 a.m. to noon.
“While the housing sector finally shows signs of recovery, the U.S. economy faces significant headwinds,” said Dan Rickman, OSU Regents professor of economics and Oklahoma Gas & Electric Services Chair in Regional Economic Analysis, who will be one of the featured speakers at the conference.
“The impending ‘fiscal cliff’ and slowing global demand pose significant threats to near-term economic growth. How these events most likely will unfold and affect the U.S. and Oklahoma economies will be addressed during the 2013 OSU Economic Outlook Conference. The conference also will include presentations on how Oklahoma can best position itself for long-term economic prosperity,” said Rickman.
Bryan McIntyre’s route to Gallagher-Iba Arena for Oklahoma State University commencement exercises Saturday has been a little more difficult than that encountered by many of the other nearly 750 Spears School of Business graduates this year.
He’s overcome a series of setbacks since first enrolling at OSU in 2002, but will proudly walk across the stage to accept his bachelor’s degree in Business Administration in the Economics Pre-Law program.
The 28-year-old McIntyre is the first to admit it hasn’t been easy. He finished his first year at OSU with a rather underwhelming 0.07 grade-point average, and was suspended (Editor’s note: he now stresses to first-time freshmen the importance of attending class). He tried working in the fast-food restaurant business for several years before deciding to give college another try.
Nina McKosato, a Spears School of Business senior from Stillwater, was one of four Oklahoma State University students to receive the first-ever OSU Presidential Innovation and Creativity Scholar award.
McKosato, an Economics Pre-Law major scheduled to graduate in December, was presented her award by OSU President Burns Hargis. The award recognizes leadership, communication, interaction and quality of work in assisting Oklahoma manufacturers with product innovation projects at OSU’s New Product Development Center.
“We congratulate these high-achieving students for putting what they are learning at Oklahoma State University into practice by providing valuable assistance to Oklahoma manufacturers,” said Hargis. “By working hand-in-hand with client companies to develop solutions, these four students serve as great mentors and role models for incoming student interns. Their work also is helping boost the product lines, revenues, and employment of Oklahoma companies.”
Joining McKosato in receiving the Presidential Innovation and Creativity Scholar awards were Andrew Barth, Nick Langilotti and Tyler Shirk. Barth is an Agricultural Communications junior from Quincy, Wash., while Langilotti is an Aerospace Engineering senior from Anadarko, Okla., and Shirk is an Aerospace Engineering senior from Tulsa.
A team of three OSU Spears School of Business students placed second in the Oklahoma Student Ethics Challenge, which was held during the Oklahoma Business Ethics Consortium at Oklahoma Christian University on Oct. 29.
The team consisted of Spears School undergraduate students Mary Kate Barnthouse, Joe Tobias, and Gina Hancock. They received $1,500 and a trophy as prizes.
Another OSU team also competed in the competition, though they did not place in the top three teams. It was made up Spears School undergraduate students Jimmy Holland, Karla Tankut, Jamie Solberg and Kentiya Orange.
In the competition, the students analyzed hypothetical ethics cases. They squared off against each other in a debate-style format, with one team member going head to head with a student on the opposing team. To prepare for the competition, the Spears School students studied ethical theories and researched their cases. The group met at several different meetings to share their ideas and prepare a solid argument for their case.
“Analyzing and arguing cases is interesting and fun,” said Andy Urich, the teams’ adviser and an associate professor in the Spears School’s Department of Economics and Legal Studies. “The students learn a great deal, acquire presentation skills, learn to think on their feet, and, most importantly, gain confidence in their abilities.”
A group combining the two Spears School teams will get to test their abilities again at the regional competition in San Antonio on Nov. 12. The students attending the upcoming conference include Tobias, Tankut, Solberg and Orange.
“The students and I are thrilled about San Antonio,” Urich said. “We hope to have fun and successful trip!”
For more information about the Oklahoma Student Ethics Challenge, contact Urich by calling 405-744-8619 or sending an email to firstname.lastname@example.org.
Pittsburg State University recently announced that Paul W. Grimes, who received his doctoral degree in economics from Oklahoma State University, was chosen as the new dean for the Kelce College of Business. Grimes is currently the associate dean for instruction and operations for the College of Business at Mississippi State University.
“Dr. Grimes has a distinguished academic and administrative record, and we believe he is very well suited to lead the Kelce College of Business at this important time in its history,” said Lynette Olson, PSU provost. “His commitment to teaching, research and service is a good match to those same values that are part of the history and culture of the College of Business and the university.”
Though the relevance of academic papers to real-world situations may often be unclear, research by an Oklahoma State University professor recently was cited in a decision by the Iowa Supreme Court. The court used an article by Griffin Pivateau, assistant professor of legal studies at OSU’s Spears School of Business, to help guide their decision in Feld v. Borkowski, a lawsuit brought by an intramural softball player who was injured by a teammate during a practice session in June 2005. Continue Reading