| New Keynesian economics | |
|---|---|
| Born | August 8, 1962 |
| Nationality | United States |
| Institution | Ball State University, Center for Business and Economic Research |
| Field | Regional Economics, Macroeconomics |
| Alma mater | University of Tennessee (Ph.D., M.A.) Virginia Military Institute (B.A.) |
| Awards | |
| Information at IDEAS/RePEc | |
Michael J. Hicks (born in 1962) is an economist and columnist. He is currently the director of the Center for Business and Economic Research and Associate Professor of Economics at Ball State University.[1].
Contents |
Hicks attended Langley High School in McLean, Virginia and the Virginia Military Institute, graduating with a B.A. in economics in 1984. Upon graduation he was commissioned an infantry officer in the United States Army. He served on active duty with the 26th Infantry Regiment, 7th Infantry Regiment and Division Tactical and Assault Command Posts of the 24th Infantry Division (Mechanized). He participated in Operation Bright Star and served with the 24th Infantry Division in Desert Shield and Desert Storm. He left active duty as a Captain in 1992 and served thereafter as a reserve officer, holding staff and command positions including Chief, Plans, US Army Japan, and is currently a Lieutenant Colonel. Brigadier General Mark Hicks, USAF is his brother.
In 1997, he graduated from University of Tennessee with an M.A. in economics and completed his Ph.D. the following year. Hicks held academic positions at the University of Tennessee, Marshall University and the Air Force Institute of Technology.
From 1999 through 2005 Hicks authored several studies of the coal industry in West Virginia and the impact of federal environmental policy on coal production and the West Virginia economy. In a study for the West Virginia Senate, Mark Burton, Cal Kent and Hicks detailed the local economic consequences of types of mining restrictions that were under pending federal litigation in the Southern District of West Virginia.[2] A second study for the Senate estimated potential fiscal effects of these mining restrictions on the state.[3] These studies were used as evidence by the State's defense of Bragg v. Robertson[4] and Kentuckians for the Commenwealth v. Rivenburgh, Federal cases appealed through the 4th District Court of Appeals.[5] Following these studies, Hicks and two other co-authors developed a clean water financing plan for West Virginia which ultimately became the Special Reclamation Fund.[6] This fund was financed by a combination of a 7 cent tax per ton of coal, with a secondary 7 cent phase-out tax. This was designed to provide water treatment funds for abandoned coal mines. This remains the largest state level water treatment trust fund in the United States.[7]
Governor Bob Wise (D) appointed Hicks to the Fund commission, where, after approval by the West Virginia State Senate he served from 2003-2006.
In 2002 Hicks testified in a court case in Boone County, West Virginia that would eventually culminate in one of the most celebrated recent cases before the U.S. Supreme Court. In Caperton v. Massey Hicks' provided testimony regarding the economic conditions of mining in Appalachian during the 1990s and early 21st Century. This case became inspiration for the John Grisham Novel "The Appeal."
Burton and Hicks also provided testimony to the U.S. Senate Committee on Environment and Public Works, Subcommittee on Clean Air, Wetlands and Climate Change, regarding the fiscal and economic effects of mining restrictions.[8] This committee meeting also featured an appearance by one of the Backstreet Boys which prompted several committee members to walk out of the hearing.[9] Burton and Hicks also served as consultants to the National Academies of Science review of the economic consequences of the coal slurry spill in eastern Kentucky.[10]
A 2001 study co-authored by Hicks found little negative economic consequences of West Virginia's Workers' Compensation rates on the overall economy.[11][12] This report sparked much criticism from the West Virginia Chamber of Commerce and unleashed a series of op-Ed pieces and a letter writing campaign to state newspapers. The public debate culminated in an editorial in the Charleston Gazette criticizing the Chamber's attack on the Marshall University research team.[13] However, the chair of the West Virginia Chamber of Commerce wrote to Marshall University President Dan Angel, demanding that Dr. Hicks' tenure be revoked as a consequence of this study. Hicks was not tenured at the time. He received tenure in 2004.
Mark Burton and Michael Hicks developed models of flood damages from data collected on the Great Flood of 1993. These were used to simulate flood damages on the Mississippi and Tennessee Rivers under contract to the Army Corps of Engineers and the Tennessee Valley Authority.[14] In September 2005, Burton and Hicks used this model to estimate damages from Hurricane Katrina.[14] These estimates proved accurate and Hicks participated in the Interagency Performance Evaluation Task Force which reviewed the response to the Hurricane. In 2008 Ball State University released studies onfloods in Indiana and Iowa.[15][16] In 2010 Burton and Hicks were asked by the Army Corps of Engineers to provide an estimate of flood damages for the Pakistan Flood of 2010. That study was released in late August 2010.[17] the study has been used by the Asian Development Bank and other groups to estimate regional damages.[18]
Hicks is co-author with Dagney Faulk of a book on local government consolidation. This book developed from work on local government consolidation study teams authored by former Governor Joe Kernan and Supreme court Justice Randy Shepard. The book was published in January 2011. Indiana's Governor Mitch Daniels wrote the forward to the book. [19]
In 2011 Faulk and Hicks completed two studies on government consoidlation (local governments and school districts in New Jersey). [20]
Hicks was an early researcher of Wal-Mart's impact on communities, and since 1999 has published several peer reviewed papers and a book on the economic impact of Walmart. Along with Kristy Wilburn, Hicks published the first econometric study to address the endogeneity of firm location decision related to Wal-Mart.[21] Subsequent to this, Hicks appeared in a November 2005 Global Insight conference on Wal-Mart's impact which received significant national attention.[22][23] These papers were later published, along with a book.[24][25] Hicks' work has been frequently cited in the academic literature, media and advocacy groups.[26][27][28][29][30][31]
Hicks writes a weekly economics column, which is syndicated in several Indiana newspapers including the Indianapolis Business Journal, the Muncie Star Press, the Ft. Wayne Journal Gazette and the South Bend Tribune.
Hicks is the recipient of Marshall University's Distinguished Artist and Scholar Award (with Mark L. Burton), as well as the Graduate Student Teaching Award at Tennessee's College of Business, and awards from the Air Force Institute of Technology's student association and Ball State's Miller College of Business.
In 2008 the Center for Business and Economic Research at Ball State University received the Association for University Business and Economic Research Award for its Manufacturing Scorecard. In 2009 the Center won a then-unprecedented three awards from AUBER for a research study, county profiles and promotional materials.[32]
The United States Army Corps of Engineers awarded Hicks the Commander's Award for Civilian Service for his efforts in support of the Interagency Performance Evaluation Team (IPET) and Task Force Guardian, Task Force Hope and the New Orleans District following Hurricane Katrina.