Steve Caudill | Robert D. McCallum Professor of Economics


On sabbatical 2013 - 2014

My undergraduate degree is in mathematics with a minor in economics. Near the end of my second year of undergraduate studies, my advisor, a math professor, suggested that I also study another discipline in which I could apply mathematics. Economics was that choice. With a background in mathematics and economics, I graduated from Ohio Wesleyan University and attended the doctoral program in economics at the University of Florida. There, I wrote my dissertation under the prominent econometrician, G.S. Maddala. Econometrics is basically statistics applied to economic problems. Professor Maddala’s major contribution in econometrics was in the area of limited dependent variable models. Naturally, these models and their extensions have been the primary focus of my research. I have written computer programs to estimate these models, some of which are fairly complicated. And although it may not speak well of my computing skill, I am still surprised every time a program I have written actually works.

My research in econometrics has involved topics as diverse as ranking college football teams, determining the efficiency of micro-finance institutions, measuring the savings from paid tax preparation, examining the likelihood of state lottery adoption, examining black and white homeownership differences, measuring the effect of college athletic participation on income, detecting insurance fraud, examining betting market efficiency, estimating the cost of rent controls, and examining the incidence of undergraduate cheating.

I joined the Rhodes College faculty in the fall of 2009 after spending 27 years on the faculty at Auburn University. In my academic career I have published over 100 articles in refereed journals and won both teaching and research awards.


B.A., Ohio Wesleyan University (mathematics)
M.A. and Ph.D. (economics), University of Florida


ECON 100 - Introduction to Economics
ECON 486 - Senior Seminar in Economics

Selected Publications

Dr. Caudill′s publications have appeared or are forthcoming in several scholarly journals including: American Journal of Agricultural Economics; Applied Economics; Economic Inquiry; Economics Letters; Empirical Economics; European Journal of Operational Research; Industrial and Labor Relations Review; International Journal of Forecasting; International Review of Financial Analysis; Journal of Agricultural, Biological, and Environmental Statistics; Journal of Applied Econometrics; Journal of Applied Statistics; Journal of Banking and Finance; Journal of Business and Economic Statistics; Journal of Business Finance and Accounting; Journal of Econometrics; Journal of Money, Credit, and Banking; Journal of Productivity Analysis; Journal of Risk and Insurance; Land Economics; Managerial and Decision Economics; National Tax Journal; Oxford Bulletin of Economics and Statistics; Public Choice; Review of Economics and Statistics;  and Southern Economic Journal.