Fallaw Sowell

Associate Professor of Economics, Emeritus

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Education

• Duke University - Ph D (Economics ) - 1986
• University of North Carolina, Chapel Hill - MS (Statistics ) - 1985
• Duke University - MA (Economics) - 1983
• Mercer University - BA (Economics and Mathematics ) - 1982

Research

Econometrics, Forecasting, Structural Models, Microeconomics.

Publications

• On the Asymptotic Distribution of Ridge Regression Estimators Using Training and Test Samples
  (author(s): Nandana Sengupta, Fallaw Sowell)
  Econometrics 8(4), 2020; 25
• Bayesian Inference for ARFIMA Models
  (author(s): Garland Durham, John Geweke, Susan Porter-Hudak, Fallaw Sowell)
  Journal of Time Series Analysis 40(4), 2019; 388-410
• A Time-Dependent Model of Power Plant Failures and Recoveries Captures Correlated Events and Quantifies Temperature Dependence
  (author(s): Sinnott Murphy, Fallaw Sowell, Jay Apt)
  Applied Energy 253, 2019; 113513
• The Economics of Commercial Demand Response for Spinning Reserve

  (author(s): Michael Fisher, Jerome Apt, Fallaw Sowell)
  Energy Systems 9(3-23), 2018

• Resource adequacy risks to the bulk power system in North America

  (author(s): Sinnott Murphy, Jerome Apt, John Moura, Fallaw Sowell)
  Applied Energy 212, 2018; 1360-1376

• Multimodality Adjusted p**-Formula and Confidence Regions

  (author(s): Kees Jan Van Garderen, Fallaw Sowell)
  Econometric Theory, 2017

• Robust Resource Adequacy Planning in the Face of Coal Retirements

  (author(s): Roger Lueken, Jerome Apt, Fallaw Sowell)
  Energy Policy 88, 2016; 371-388

• Forecasting Residential Air Conditioning Loads

  (author(s): Shira Horowitz, Brandon Mauch, Fallaw Sowell)
  Applied Energy 132, 2014; 47–55

• The Hawthorne effect and energy awareness

  (author(s): Daniel Schwartz, Baruch Fischhoff, Tamar Krishnamurti, Fallaw Sowell)
  Proceedings of the National Academy of Sciences 110(38), 2013; 15242–15246

• Optimality for the Integrated Conditional Moment Test

  (author(s): Fallaw Sowell, William Boning)
  Econometric Theory 15(5), 1999

• Fractional Integration with Drift: Estimation in Small Samples

  (author(s): Anthony Smith, Fallaw Sowell, Stanley Zin)
  1997; 103-116

• Consumption: Innovation Persistence and the Excess Smoothness Debate

  (author(s): Kerry Patterson, Fallaw Sowell)
  Applied Economics 28, 1996; 1245-1255

• Optimal Tests for Parameter Instability in the Generalized Method of Moments Framework

  Econometrica 64(5), 1996; 1085-1107

• Evaluating Dimensionality In Spatial Voting Models

  (author(s): Stephen Spear, Fallaw Sowell, Keith Poole)
  Mathematical And Computer Modelling 16(8/9), 1992

• Maximum likelihood estimation of stationary univariate fractionally integrated time series models

  Journal of Econometrics 52, 1992; 165-188

• Modeling long-run behavior with the fractional ARIMA model

  Journal of Monetary Economics 29(2), 1992; 277–302

• On DeJong and Whiteman's Bayesian Inference for Unit Roots

  Journal of Monetary Economics 28(2), 1991; 255–263

• The Fractional Unit Root Distribution

  Econometrica 58(2), 1990; 495-505

Working Papers

• Inference for the Linear IV Model Ridge Estimator using a Holdout Sample
  (author(s): Fallaw Sowell, Nandana Sengupta)
• The Asymptotic Distribution of the Ridge Estimator for Linear Instrumental Variables using K-fold Cross-Validation
  (author(s): Fallaw Sowell, Nandana Sengupta)
• The Empirical Saddlepoint Estimator
  (author(s): Benjamin Holcblat, Fallaw Sowell)
• Higher Order Bias of the Empirical Saddlepoint Estimator Using the Moment Conditions from Two-Step GMM
• Higher Order Bias of the Two-Step GMM Estimator Using a Just Identifies System with Full Rank
• The Residential Real Time Electricity Pricing: An Analysis of the Illinois Experiment

  (author(s): Fallaw Sowell, Shira Horowitz, Lester Lave)

• A Decomposition of Block Toeplitz Matrices with Applications to Vector Time Series
• The Empirical Saddlepoint Likelihood Estimator Applied to Two-Step GMM
• An Improved Approximation to the Distributions in GMM Estimation
• Tests for Violations of Moment Conditions
• An Approach to Specification Tests in the Generalized Method of Moments Framework
• A New Approach to Testing Parameter Instability in the Generalized Method of Moments Framework
• The Deterministic Trend in Real GNP

   

Awards and Honors

• Graduating MBA Class at Carnegie Mellon University - George Leland Bach Award for Teaching Excellence (2015)
• Graduating MBA Class at Carnegie Mellon University - George Leland Bach Award for Teaching Excellence (1992)
• Mercer University - Louie D. Newton Award (1982)

University Service

• FlexMBA Advisory Committee (FLAC), Committee Member, Oversee the development and management of the Hybrid delivery format for our MBA degree. (2014 - )
• Head of Masters Program Search Committee, Committee Member, Review and interviewed the individuals who have applied for the position. (2014 - 2015)
• Future Delivery, Committee Member (2012 - 2012)
• PhD Committee Tepper School of Business, Committee Member (2004 - 2006)
• Qatar Steering Committee, Committee Member (2003 - 2004)
• MSEC Advisory Committee, Committee Member (2002 - 2004)
• Masters Academic Actions, Chairperson (1997 - 2001)
• Faculty Advisor Wine Tasting Club, Committee Member (1995 - 1999)
• Masters Educational Affairs, Chairperson (1995 - 1997)
• Faculty Advisor Toast-masters Club, Committee Member (1995 - 1997)
• Masters Academic Actions, Committee Member (1995 - 1997)
• Masters Admissions, Committee Member (1995 - 1997)
• Masters Educational Affairs, Co-Chair (1994 - 1995)
• GSIA Dean Search, Committee Member (1990 - 1991)

Consulting

• Trane/American Standard, Inc. (June 2003 - March 2004)
• Postal Rate Commission (December 1993 - June 1994)
• National Association of Manufacturers (1993)
• The Refractories Institute (July 1993 - October 1993)

Professional Activities

• Associate Editor, Journal of Econometrics (January 1995 - October 2012)
• Session Chair, Colloque CIREQ Conference on Generalized Method of Moments (2007)
• Associate Editor, Southern Economic Journal (January 1999 - 2005)
• Associate Editor, Journal of Business and Economic Statistics (January 1997 - 2001)
• Conference-Related, Summer Meetings of the Econometrics Society, Program Committee (1998)