John Heim

Clinical Professor of Economics, Economics

Degrees: M.P.A., Harvard University, 1986

Ph.D., Political Economy, SUNY Albany, 1972
M.S., Political Economy, SUNY Albany, 1969
B.S., Social Studies, SUNY Geneseo 1964

Research: Current research focuses on converting Hick's IS-LM version of Keynesian theory into a system of mechanics by finding stable and unambiguous estimates of the parameters in the IS and LM equations. Work to date on the IS curve is substantially progressed and suggests that with the addition of accelerator, crowd out, and Tobin's q variables the IS curve predicts most of the variance in the real GDP quite well. Work on the LM curve in in a more preliminary stage. Work on determining the mechanism that brings the system into equilibrium at the intersection of the two curves is well progressed.

A second area of research interest is the east Asian economic recovery after the 1997-1998 economic crisis. Preliminary investigation of whether the recovery was generated by the effects classical mechanics or Keynesian mechanics is underway.

Awards/Citations/Honors: 

 Gordon Award, 2000 - Given in recognition of outstanding contributions made to the RPI  Economics Department. 

Who’s Who Among America’s Teachers, 2005.           

 2010 ""Best Paper” of the Year- General Economics Track.  Awarded by American Society Of Business and Behavioral Sciences, February 2010. (Title:“ “ Does Consumer Confidence Affect Demand (Or Just Proxy for Things That do?): Testing the Michigan Consumer Confidence Survey” )           

2009 “Best Paper” of the Year- General Economics Track.    Awarded by American Society Of Business and Behavioral Sciences, February 2009. (Title:“Which Interest Rate Seems Most Related To Business Investment?”)          

“Top 4%” (of 21,904) Authors: Number of Abstracts Viewed in Past Year. Cited Nov.  2009 in IDEAS (A Central Index of Economics and Finance Research)           

“Top 6%” (of 21,904) Authors: Number of Papers Downloaded in Past Year. Cited Nov.  2009 in IDEAS (A Central Index of Economics and Finance Research)

Chair, Macroeconomic and Monetary Issues Session, American Academy of Business and Behavioral Sciences Annual Conference, Feb. 2009.

Chair, General Economics Session, International Academy of Economics and Business Annual Conference, Oct. 2009. 

Based on the average number of downloads (per downloadable paper) in the RePEc system, an international library of economics working papers,  Dr. Heim was rated

     # 93 of the top 1,000 economics authors’ works downloaded in September 2007           

     #110 of the top 1,000 economics authors’ works downloaded in the three month period July-September, 2007 

Selected Publications:
Heim, John J.(2009)“ Does Consumer Confidence Affect Demand (Or Just Proxy for Things That do?): Testing the Michigan Consumer Confidence Survey” American Society of Business and Behavioral Sciences E-Journal. Vol. 6(1). (In Press)

Heim, John J. (2009) “The Effect of Import Prices On U.S. Demand For Domestically Produced Consumer Goods”.  Journal of Applied Econometrics and International Development. Vol. 9(2).  2009. (Note: Lawrence Klein, Nobel laureate in econometrics, is an honorary member of the advisory board of this journal and publishes in it.)   

Heim, John J. (2009) “U.S. Demand for different Types of Imported and Domestic Investment Goods”. Journal of Applied Econometrics and International Development.” Vol.10(1). (in press).  

Heim, John J.(2009)“ Which Interest Rate Seems Most Related to Business Investment?” American Society of Business and Behavioral Sciences E-Journal. Vol. 5(1). February 2009. 

Heim, John J. (2009) “The Impact of Falling Exchange Rates on Demand for Goods in the U.S. 2000-2007”. American Journal of Business Research.  Nov. 2009 

Heim, John J. (2009) “The Declining American Dollar: Econometric Estimates of Its Impact on the GDP and Trade Deficit”. Journal of Applied Business and Economics. Vol.10(3). 2009

Heim, John J. (2009) “Do Declining Exchange Rates Help the U.S. Economy?” Journal of Finance and Accountancy. Vol. 2(1). 2009 

Heim, John J. (2009) “Consumer Demand for Durable Goods, Nondurable Goods and Services”.  Journal of the Academy of Business and Economics. Vol. 9 (2) Oct. 2009 

Heim, John J. (2009) “A Method for Separating Income and Substitution Effects of Exchange Rate Changes”. Journal of International Finance and Economics. Vol. 9 (3). Oct. 2009. 

Heim, John J. “ What Determines Market Demand for Investment Goods?” International Journal of Business Strategy. Vol 6 (1).October  2008. 

Heim, John J.  “How Falling (Nominal) Exchange Rates have Affected the U. S. Economy and Trade Deficit”. Journal of International Business and Economics. Vol 8 (1).October 2008.  

Heim, John J. (2008).”The Consumption Function”. Review of Business Research. Vol 8 (2) June 2008. 

Heim, John J. (2008).” Does the Exchange Rate Really Affect Consumer Spending?”. The ICFAI Journal of Monetary Economics.  ICFAI University Press. Vol VI (2) May 2008.   

Heim, John J.  “Do Friedman/Modigliani - Type Consumption Functions Explain Consumer Demand As Well As Keynesian Functions?”, Review of Business Research, Gale Group/Thomson Publishing, Vol.7(1) Oct. 2007.  

Heim, John J.  “How Much Does the Prime Interest Rate Affect U.S. Investment?”,  Journal of the Academy of Business and Economics, Gale Group/Thomson Publishing, Vol. VII (1) Oct. 2007.  

Heim, John J.  “Does A Strong Dollar Increase Demand for Both Domestic and Imported Goods?”,  Journal of International Business and Economics, Gale Group/Thomson Publishing, Vol. VII (3) Oct. 2007.   

(A full list of working papers published as part of the the economics department’s working papers series is available at the department working papers site.  Publications above do not include 40 additional publications and reports issued before 2007.)

 
"

Education

Ph.D., MPA State University of New York at Albany, Harvard

Contact heimj@rpi.edu