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Dominick Salvatore
 

Long CV

Distinguished Professor and

Director of Ph.D. Program
Department of Economics
Fordham University
Bronx, New York l0458
U.S.A.
Tel. 718-817-3606 or 4045;
Fax 914-337-3355;
salvatore@fordham.edu
 

FIELDS: International Economics, Microeconomic Theory, Managerial Economics, Development Economics, Econometrics
 

EDUCATION:

  • B.A., The City College of New York, 1964
  • M.A., The City College of New York, 1966
  • Ph.D., The City University of New York, 1971


TEACHING AND ADMINISTRATIVE POSITIONS:

  • Instructor, City College of New York, 1968-1971
  • Assistant Professor, Fordham University, 1971-1974
  • Associate Professor, Fordham University, 1974-1977
  • Professor, Fordham University, since 1978
  • Director of Graduate Program, 1988-1994
  • Department Chairman 1982-1988 and 1994-2002
  • Director of Ph.D. Program, 2003-2005
  • University Distinguished Professor, since 1997
  • Visiting Professor, University of Rome, Spring 1991-1992, 2003-2005
  • Visiting Professor, University of Triest, Spring 1994 -2002
  • Visiting Professor, Business & Economics University of Vienna, Summer 1995-2004
  • Visiting Professor, Shanghai Finance University, Spring 2007
  • Visiting Professor, American University in Cairo, Spring 2007

AWARDS, HONORS, FELLOWSHIPS:

  • Phi Beta Kappa, Sigma Xi, Dean's List, Summa cum laude
  • National Defense Education Act Fellowship (NDEA) 1966-1969
  • University Dissertation Fellowship 1969-1970
  • Senior Fulbright Research Award, 1975-6 Academic Year
  • Senior Fulbright Teaching/Research Award, Spring 1981
  • Board of Directors, Society of Policy Modeling since 1986
  • National Academy of Sciences Teaching Program in China, Summer 1988
  • Co-chairman of the New York Academy of Sciences, 1988-1997
  • Elected American Association for the Advancement of Science in 1992
  • Board of Directors, New York Academy of Sciences since 1993-1996
  • Nominating Committee, President American Economic Association, 1994-1995
  • President of the International Trade and Finance Association in 1994-1996
  • Board of Directors, Eastern Economic Association, 1997-1999
  • Ph.D. Alumni Achievement Award of CUNY, 1997
  • Graduate Teacher of the Year Award, Fordham University, 1997
  • Elected Knight of Malta, 1997
  • Elected Fellow of the New York Academy of Sciences, 1997
  • Appointed Distinguished Professor of Economics, Fordham University, 1997
  • Chairman, Economics Section, New York Academy of Sciences, 1998-2002
  • Awarded the Medal of Senate of the Republic of Italy, 2003
  • Awarded the Dorso Prize, Rome February 2004
  • Included in Who’s Who in Social Science Higher Education, May 2004

        ●  Included in Strathmore’s Who’s Who, October 2004

        ●  Fellow of the Athenian Policy Forum, October 2005

        ●  Achievement Award, President of the Republic of Italy, November 2005

        ●  Appointed Honorary Professor, Shanghai Finance University, November 2005

        ●  President, North American Economics and Finance Association (NAEFA), 2007


PROFESSIONAL ASSOCIATIONS:

  • American Economic Association
  • American Econometric Society
  • American Association for the Advancement of Science
  • North American Economic and Financial Association
  • Royal Economic Society
  • Regional Science Association
  • Southern Economic Association
  • Eastern Economic Association
  • Society for Policy Modeling
  • New York State Economic Association
  • Founding Member of the International Trade and Finance Association

 

RESEARCH APPOINTMENTS, GRANTS AND CONSULTING ACTIVITIES

Consultant: United Nations, World Bank, International Monetary Fund, Economic Policy Institute.

Editor: International Handbook Series, the Greenwood Press (1990-2000).

Co-Editor:  Journal of Policy Modeling and Open Economies Review                               

Associate Editor:  The American Economist and Frontiers in Finance and Economics

Editorial Board:  Global Economy Journal, Journal of Economics and Finance,

International Trade Journal, Mondo Bancario, Review of Economic Conditions in Italy

 

Executive Board: International Trade and Finance Association; Society of Policy Modeling;

Eastern Economic Association; North American Economic and Finance Association.                                                                                               

Advisory Board: International School of Economics, Tbilisi, Republic of Georgia.

Other: National Academy of Sciences and National Science Foundation: Project Reviewer.
Foreign Direct Investments and Growth: United Nations Project 1992-93.
Income Distribution and Economic Development: 1992-1997 UN Project with Lawrence Klein.
Research Fellow, Institute for European Affairs, Business and Economics, University of Vienna since 1998.

 

Referee:  Contemporary Policy Issues, Economic Journal, Economica, Journal of Business and

Economics, Journal of Developing Areas, Journal of Development Economics, Journal of

Economics and Finance, Journal of International Trade and Economic Development, Population

and Development Review, Regional Science and Urban Economics, Scandinavian Journal

of Economics, Scottish Journal of Economics, Southern Economic Journal, World Development.

 

GRADUATE COURSES TAUGHT                                                                                  

International Trade
International Finance
International Economics of Development
Microeconomic Theory
Managerial Economics
Econometrics

PUBLICATIONS - BOOKS:

1.  Economics. New York: Simon & Schuster, 1972.  Coauthor. Second Edition, 1976.

 

2.  Statistics. New York: Simon & Schuster, 1973.  Coauthor.

 

3.  Microeconomic Theory and Problems.  New York: McGraw-Hill, 1974.  Paperback.

Translated: Arabic, Chinese, French, Greek, Indonesian, Italian, Japanese, Korean,

Portuguese, Spanish, Thai. Reprinted: India, Taiwan.  More than 800,000 copies sold. 

Reviewed: Kyklos, 29 (1976), 178-9.  2nd Ed., 1983; 3rd Ed., 1992; 4th Ed., 2006.

 

4.  International Economics - Theory and Problems.  New York. McGraw-Hill, 1976.

            Translated: Arabic, French, Indonesian, Japanese, Portuguese, Spanish, and Thai.

            Reprinted Taiwan. Reviewed in Kyklos, 30 (1977), 167-8. 2nd Ed., 1984;

            3rd Ed., 1990; 4th Ed., 1996.

        

5.  Development Economics.  New York: McGraw-Hill, 1977.  Coauthor.

            Translated into Spanish and Indonesian.

 

6.  Principles of Economics.  New York: McGraw-Hill, 1980.  Coauthor.

            Translated: Arabic, French, Indonesian, Portuguese, and Spanish. 2nd Ed. 1997.


7.  Internal Migration and Economic Development.  Washington, D.C. :

            University Press of America, 1981. Hard Cover and Paper Editions.

            Reviewed in: Journal of Regional Science, 22 (1982), 408-9 and

            Rivista di Politica Economica, 73(1983), 590-1.

 

8.  Statistics and Econometrics.  New York: McGraw-Hill, 1982. 2nd Ed., 2002

            (with co-author). Translated: Arabic, French, Italian, Portuguese, and Spanish.

            Reviewed in American Economist, 26 (1982), 87; Kyklos, 36 (1983), 347-9.

 

9.  International Economics.  New York: Macmillan, 1983. Leading Undergraduate

            and Graduate text. Reprinted in Philippines. Translated: Chinese, Indonesian,

            Italian, Korean, Polish, Portuguese, Russian, and Spanish. Second Edition, 1987;

            3rd ed. 1990; 4th ed., 1993; 5th Prentice-Hall, 1995; 6th ed., Prentice-Hall, 1998;

            7th ed., Wiley & Sons, 2001; 8th ed., 2004; 9th ed., Wiley, 2007.

 

10.  Protectionism.  Special Issue of the Journal of Policy Modeling.  Editor and

            Contributor. Spring 1985.

 

11.  Microeconomics.  New York: Macmillan, 1986. Translated into Italian.

            HarperCollins, New Edition, 1991, 2nd Ed., 1994. 3rd Ed., Addison-Wesley,

            1997. 4th Ed., Oxford University Press, 2003; 5th Ed., June 2007.

 

12.  The New Protectionist Threat to World Welfare. Editor. New York: North-Holland,

            1987.  Among Contributors are: Balassa, Baldwin, Bhagwati, Branson, Corden,

            Cooper, Klein (Nobel 1978), Krugman, McKinnon, Michaely, Mussa, Stern. 

            Reviewed in: International Trade Journal, Summer 1987, 421-424;

            Southern Economic Journal, Jan. 1988, 410; American Economist, Spring 1988.

 

13.  Modeling Demographic and Economics Dynamics.  Special Issue of the

            Journal of Policy Modeling. Editor and Contributor.  Spring 1988.

 

14.  World Population Trends and Their Impact on Economic Development.

            Editor and Contributor.  Westport, Conn.: Greenwood Press, 1988.

 

15.   Managerial Economics in a Global Economy.  New York: McGraw-Hill, 1989.

            Translated: Croatian, Indonesian, Malaysian, and Spanish.

            2nd Ed., 1993. 3rd Ed., 1996. 4th Ed., Harcourt Publishers, 2001.

            5th Ed., South-Western, 2004. 6th Ed., Oxford University Press, 2007.

 

16.  Managerial Economics - Theory and Problems.  New York: McGraw-Hill, 1989.

            Translated into Spanish.

 

17.  African Development Prospects: A Policy Modeling Approach.  Editor and

            & Contributor. New York: Francis & Taylor for the United Nations, 1989.

 

18.  The Japanese Trade and Competitiveness Challenge and the U.S. Response. 

            Washington, D.C.: Economic  Policy Institute, 1990.

 

19.  National Economic Policies.  Editor and Contributor.

            Amsterdam and Westport, Conn.: North-Holland and Greenwood Press, 1991. 

 

20.  National Trade Policies.  Editor and Contributor. Amsterdam and Westport Conn.:

            North-Holland and Greenwood Press, 1992. 

 

21.  Monetary Policies in Developed Economies.  Co-Editor and Contributor.

            Amsterdam and Westport, Conn.: North-Holland Greenwood Press, 1993.

 

22.  Foreign Exchange Issues, Capital Markets, and International Banking in the 1990s.

            Co-Editor and Contributor. New York: Francis & Taylor, 1993.

 

23.  Protectionism and World Welfare.  Editor. Cambridge Univiversity Press, 1993.

            Among Contributors are: Baldwin, Bhagwati, Corden, Cooper, Dornbusch,

            Helleiner, Klein, Krugman, McKinnon, Mundell, Mussa, Tanzi.

 

24. The North American Free Trade Agreement.  Co-Editor. New York:

            Pergamon Press, 1994.

 

25.  Economic Development.  Co-Editor and Contributor. Westport, Conn.:

            Greenwood Press, 1994. 

 

26.  The International Monetary System: Are Present Arrangements Optimal? 

            Special Issue of the Journal of Policy Modeling.  Editor and Contributor.

            Fall 1995.

 

27.  The International System Between New Integration and Neo-Protectionism. 

            Co-Editor and Contributor. London: Macmillan, 1996. 


28.   Macroeconomic Policy in Open Economies.  Co-Editor and Contributor.

            Westport, Conn.: Greenwood Press, 1997.

 

29.   Trade and Payments in Central and Eastern Europe's Transforming Economies.

            Co-Editor and Contributor. Westport, Conn.: Greenwood Press, 1997.

 

30.   International Finance. Arezzo: Banca Etruria, 1998.

 

31.  The Operation of the International Monetary System. Co-Editor.

            Norwell, Mass.: Kluwer, 1999

 

32.  Lessons from the Asian Financial Crisis. Special Issue of

            Journal of Policy Modeling. Editor and Contributor.  May 1999.

  

33.  The Euro, the Dollar and the International Monetary System. Special Issue

            of the Journal of Policy Modeling. Editor and Contributor.  May 2000.

 

34.  Eastern Enlargement: The Sooner the Better? Vienna, Ministry of Economics

            and Labor, 2000. Co-Editor.

 

35.  Small States: New Challenges and Opportunities. Co-Editor. London,

            Macmillan, 2001.

 

36.  Dollarization for North America? For All of the Americas?. Special Issue

            of the Journal of Policy Modeling. Editor and Contributor.  May 2001.

 

37.  The Dollar vs. the Euro: Will There Be A struggle for Dominance? And

            Taxation and Growth in the U.S. Economy. Special Issue of the

            Journal of Policy Modeling. Editor and Contributor.  July 2002.

 

38.  The New Economy and Growth in the United States”. Special Issue of the

            Journal of Policy Modeling. Editor and Contributor.  July 2003.

 

39. The Dollarization Debate. Co-Editor. New York: Oxford Univ. Press, 2003.

 

40.  Globalization, Growth and Poverty. Special Issue of the Journal of Policy

            Modeling. Editor and Contributor.  June 2004.

 

41.  Euroization and Restructuring in Transition Economies. Special Issue of the

            Journal of Policy Modeling. Editor and Contributor.  October 2004.

 

42.  Introduction to International Economics. New York. Wiley, 2005.

       Translated into Portuguese (Brazil), Chinese.

 

43.  The Dollar and the Euro in the International Monetary System. Special Issue

            of the Journal of Policy Modeling. Editor and Contributor. June 2005.

 

44.  Toward a Global Economy. Rome. Di Renzo Editore, 2006.

 

45.  Income Distribution. New York. Oxford University Press, 2006. Co-author.

 

46.  Twin Deficits, Growth and Stability of the U.S. Economy. Special Issue of the

            Journal of Policy Modeling. Editor and Contributor. May 2007.

 

47.  Income Distribution: Theory and Measurement. Special Issue of the

            Journal of Policy Modeling. Editor and Contributor. June 2007.

 

PUBLICATIONS - ARTICLES:

1.  "The Operation of the Market Mechanism and Regional Inequality,"  Kyklos, 25

      (1972), 516-538.

 

2.  "Regional Inequality and the Market Mechanism,"  Kyklos, 26 (1973), 527-533.

 

3.  "Interregional Capital Flows and Economic Development," Economica Internazionale,

      29 (1976), 66-88.

 

4.  "Trade as an Engine of Growth for Petroleum Exporting Nations,"  Co-author.

            Rivista Internazionale di Scienze Economiche e Commerciali, 23 (1976), 662-674.

 

5.  "An Econometric Analysis of Internal Migration in Italy," Journal of Regional Science,

      17 (1977), 395-408.

 

6.  "Testing Various Econometric Models of Internal Migration,"  Review of Regional Studies,

       7 (1978), 31-41.

 

7.  "A Simultaneous Equations Model of Internal Migration with Dynamic Policy Simulations

      and Forecasting," Journal of Development Economics, 7 (1980), 231-246.

 

8.  "A Theoretical and Empirical Evaluation and Extension of the Todaro Migration Model,"

       Regional Science and Urban Economics, 11 (1981), 499-508.

 

9.  "Internal Migration and Economic Development,"  Rivista di Politica Economica. 

       72 (1982), 1219-1243. Lead Article.  In Italian.  Reprinted in English 73 (1983), 185-208.

 

10. "A Simultaneous Equations Model of Trade and Development with Dynamic Policy  

        Simulations," Kyklos, 34 (March, 1983), 66-90.  Abstracted in Journal of Economic

        Literature, 21 (1983), 1840. Abstracted in Atlantic Economic Journal, 11 (1983), 95-96.

 

11. "An Econometric Model of Internal Migration and Development: Extensions and Tests,"

        Regional Science and Urban Economics, 14 (March 1984), 77-87.

 

12. "Petroleum Prices, Exchange Rate Changes, and Domestic Inflation in Developing Nations,"

       Weltwirtschaftliches Archiv (Review of World Economics), 119 (1984), 580-9.

       Abstracted in Journal of Economic Literature, 23 (1985), 990.

 

13. "The New Protectionism and World Welfare,"  Journal of Policy Modeling, 7 (Spring 1985),

        1-22. Reprinted in Economic Impact, No. 54, March-April 1986. 

        Distributed by the United States Information Agency in over 100 countries

14. "Oil Import Costs and Domestic Inflation in Industrial Countries."

        Weltwirtschaftliches Archiv (Review of World Economics), 122 (1986), 281-91.

            Abstracted in Journal of Economic Literature XXV (March 1987), 537.

 

15. "Import Penetration, Exchange Rates, and Protectionism in the United States,"

       Journal of Policy Modeling, 8 (Spring 1987), pp. 125-141.

 

16. "Can the United States and Europe Compete with Japan?"  Economia, June 1987, pp. 5-14.

 

17. "Modeling Demographic and Economic Dynamics: An Overview," 

        Journal of Policy Modeling, 9 (Spring 1988), pp. 1-6.

 

18.  "Economic Development, Income Inequality and Kuznets' U-Shaped Hypothesis," 

         Coauthor. United Nations: Working Paper Series, No. 4 (May 1987).

         Journal of Policy Modeling, 9 (Summer 1988), pp. 265-280.

 

19.  "A Model of Dumping and Protectionism in the United States,"

         Weltwirtschatfliches Archiv (Review of World Economics), December 1989, pp. 763-781.

         Abstracted in Journal of Economic Literature, September 1990, p. 1559.

 

20.  "World Oil Prices, The Decline of OPEC, and the O.E.C.D. Trade Balance"

        Open Economies Review, Spring 1990, pp. 89-106.

 

21.  "The Future of the International Monetary System,"  Economia, Spring, 1990, pp. 11-25.

 

22.  "The Factor Content of U.S. Trade and the Heckscher-Ohlin Theory,"

        The International Trade Journal, Coauthor, December 1990, pp. 149-181.

 

23.  "The U.S. Trade Problem with Japan,"  Challenge, January/February, 1991, pp. 40-46

24.  "Inward Oriented and Outward Oriented Trade Strategies,"

        Journal of Development Studies.  Coauthor, April 1991, pp. 7-25. Reprinted in D. Evans 

        and D. Greenaway, Developing Economies and the International Economy  (London:

        Frank Cass, 1991).

 

25.  "Petroleum Prices and Economic Performance in the G-7 Countries,"

         Annali di Economia, Spring 1991, pp. 95-118.

 

26.  "Trade Protection and Foreign Investments in the United States,"

         Annals of the American Academy of Social Sciences, July 1991, pp. 91-105.

 

27.  "Ethics and Increasing International Income Inequalities," Journal of Regional Policy,

         December 1991, 519-542.

 

28.  "Foreign Trade, Foreign Direct Investments, and Privatization in Eastern Europe,"

        Review of Political Economy, December 1991, pp. 223-245.

 

29.  "Privatization, Economic Restructuring, and Foreign Trade in Eastern Europe,"

        Soviet and Eastern European Foreign Trade, Spring 1992, pp. 30-42.

30.  "Recent Trends in U.S. Protectionism," Open Economies Review, Fall 1992, pp. 307-321.

 

31.  "International Trade and Economic Development: Theory and Evidence,"

        Economic Development, Spring 1993.

 

32.  "European Integration and the Future of the International Monetary System,"

        Greek Economic Review, Fall 1993, pp. 245-266.

 

33.  "The New Administration: A First Year Appraisal," Challenge, March 1994, pp. 27-30.

 

34.  "European Monetary Problems and the International Monerary System,"

        Review of Political Economy, May 1994, pp. 141-164.

35.  "The International Monetary System: Past, Present, and Future," Fordham Law Review,

         May 1994, pp. 1975-1988.

 

36.  "Liberalism and Protectionism," Italian Encyclopedia, (Rome, 1994), pp. 197-199.

 

37.  "The Global Economic Consequences of the Uruguay Round," with Warwick McKibbin,

         Open Economies Review, April 1995, 111-129.

 

38.  "Welfare Effects of the North American Free Trade Agreement," with Lawrence Klein,

         Journal of Policy Modeling, Spring 1995, 163-176.

 

39.  "Operation and Future of the International Monetary System," Journal of Policy Modeling,

         Fall 1995, 74-90.

 

40.  "The European Monetary System: Problems & Future," International Trade Journal,

        Winter 1995, 453-474.

 

41.  "Unemployment: Facts, Theories, and Policies," Rassegna Economica, January 1996, 7-36.

 

42.  "International Trade Policies, Industrialization, and Economic Development,"

        International Trade Journal, Spring 1996, 21-47.

43.  "The General Agreement on Tariffs and Trade (GATT)" International Encyclopedia of   

         Business and Management (International Thompson Publishing), 1996, 1594-1600.

 

44.  "The European Monetary System: Crisis and Future," Open Economies Review, Dec.1996,

            pp. 593-615.

 

45.  Economic Performance of Small Versus Large Nations," Development and International

            Cooperation," December 1997, pp. 21-42.

 

46.   "The Unresoved Problem with the EMS and EMU," American Economic Review,

            May 1997, pp. 224-226. Received the Anbar Citation of Excellence with the

            “Highest Quality Rating” in December 1998.

 

47.   "Capital Flows, Current Account Deficits, and Financial Crises in Emerging Market

            Economies," International Trade Journal, Spring 1998, pp. 5-22.

48.  " Europe 's Structural and Competitiveness Problems and the Euro,"

            The World Economy, March 1998, pp. 189-205.

 

48.   "Capacity Building and Institutional Development in Central European Transition

            Countries," European Management Journal, Aug. 1998, 431-446. Co-author.

 

49.   “International Monetary and Financial Arrangements: Present and Future,”

            Open Economies Review, December 1998, pp. 1-41.

 

51.  “Lessons from the Financial Crisis in Asia,” Journal of Policy Modeling, May 1999,

            pp. 283-288.

 

52.  “Could the Financial Crisis in Asia Have Been Predicted?” Journal of Policy Modeling,

            May 1999, pp. 341-348.

 

53.   “Benefits and Costs of the European Economic and Monetary Union,” The Brown

            Journal of World Affairs, Fall 1999, pp. 187-194. Co-author, pp. 187-194.

 

54.  “The Euro and the International Monetary System,” Global and Local Economic Review,

            Fall 1999, pp. 9-20.

 

55.  “Financial Restructuring and Bank Privatization in Central European Transition Economies,”

            Oesteuropa-Wirtschaft, September 1999, pp. 284-297. Co-Author.

 

56.  “Priviledged Interfirm/Bank Relationships in Central Europe: Trigger or Trap for Corporate

            Governance?” CASE, No. 170, Fall 1999, pp. 1-32. Co-author.

 

57. “The Euro Versus the Dollar,” Global Economy Quarterly. January-March, 2000, pp. 49-70.

 

57.  “A Test of the Superiority of Large Firms as Institutions to Reduce Risks,”

            Zeitschrift fur Betriebswirtschaft, April 2000, pp. 453-469. Co-author.

           

59. “Mundell – Three Brilliant Ideas, One Nobel,” Journal of Policy Modeling, May 2000, </