Elizabeth Asiedu is a Professor of Economics at the University of Kansas. She was Associate Chair and the Director of Graduate Studies of the Economics Department from 2007-2009. She is also the President and founder of the Association for the Advancement of African Women Economists (AAAWE), editor of the Journal of African Development (JAD) and former President of the African Finance Economic Association (AFEA). Dr. Asiedu received her B.S. (Hons) in Computer Science and Math from the University of Ghana, M.S. in Mathematics from the University of Illinois at Urbana-Champaign (UIUC), and PhD in Economics also from UIUC.
She teaches graduate and undergraduate classes in Development and International Economics. She has received several teaching/mentoring awards at the University of Kansas, including The Outstanding Woman Educator Award, Kemper Teaching Award, Byron Shutz Award for Excellence in Teaching, and the Woman of Distinction Award. Dr. Asiedu’s research focuses on Foreign Direct Investment, Foreign Aid and Gender. Her research has received both national and international prominence. In 2007, she was one of ten recipients of Emerging Scholar Award – a nation-wide award that honors minority faculty in the US. Her work has been published in leading scholarly journals, including The American Economic Review Papers and Proceedings, Economic Theory, Journal of International Economics, and The Review of Economics and Statistics. Her work is also cited in several international publications, including The Report of the Commission for Africa (The Tony Blair Report) presented at the G8 Summit in 2005. She has consulted for many international organizations, including The United Nations University/World Institute of Development Economics Research (UNU-WIDER), International Labor Organization (ILO), The African Development Bank and The Global Development Network.
Education
- Ph.D., Economics, University of Illinois at Urbana-Champaign (UIUC), 1998.
- M.S., Economics, UIUC, 1994.
- M.S., Mathematics, UIUC, 1992.
- B.S. (Hon), Mathematics & Computer Science, University of Ghana, 1988.
Employment History (Selected)
- Professor, Department of Economics, University of Kansas (KU), May 2012-Present
- Research Scholar, Institute for Policy and Social Research, KU, June 2003-Present
- Associate Professor, Department of Economics, KU, August 2004-May 2012
- Associate Chair, Department of Economics, KU, June 2007-June 2009
- Director of Graduate Studies, KU, June 2007-June 2009
- Director of MA Program, Department of Economics, KU, August 2004-June 2005
- Oswald Assistant Professor, Department of Economics, KU, August 1998- July 2004
Research and Teaching Interest
- Development Economics
- International Economics
- Macroeconomics
Awards and Honors
- Kemper Teaching Award, 2008, University of Kansas (KU).
- Byron Shutz Award for Excellence in Teaching, 2008, University of Kansas (KU).
- Woman of Distinction Award, 2008, University of Kansas (KU).
- Outstanding Woman Educator Award, 2003, awarded by the Emily Taylor Women’s Resource Center, KU
- University of Illinois Panhellenic Council Teaching Award, 1996.
- American Association of University Women (AAUW) Fellowship, 1995-1996
Research/Academic Awards
- Author rank for Social Science Research Network (SSRN) as of January 2015 – 3,846 out of 270,671 authors in SSRN
- Citations in important international publications including the Tony Blair “Commission for Africa” report published in 2005 and publications by the United Nations Conference on Trade and Development (UNCTAD), World Bank, African Development Bank, United Nations Economic Commission for Africa, United Nations University-WIDER in Finland
- Emerging Scholar Award, 2007, awarded by Diverse: Issues in Higher Education. Nation-wide award, honors minority faculty in academia; 10 awards annually
- Fulbright Specialist Scholar List, November 2008-Present
- Big XII Fellowship, August 2008-June 2009
Editorial Experience
- Editor, Journal of African Development, January 2014-Present
- Editorial Board, Journal of African Trade, June 2013-Present
- Associate Editor, Journal of African Economies, September 2009-May 2011
- Editor, Special Issue of Journal of African Development, 2010
Other Honors (selected)
- President and Founder, Association for the Advancement of African Women Economists (AAAWE), March 2012-Present
- Member, Global Research Competition Steering Committee, Global Development Network, India, October 2011-Present
- Member, Distinguished External Reference Group. The African Capacity Building Foundation, Zimbabwe, April 2012-Present
- Board Member, African Finance Economic Association (AFEA), January 2012-Present
- President, AFEA, January 2011-January 2013
- Vice President, AFEA, December 2007-December 2010
- Member of a four-scholar international panel committee to conduct a ten-year review of The United Nations University/ World Institute of Development and Economic Research (UNU/WIDER), Finland, May 2010-January 2011
Publications
- Expropriation and FDI in a positive Economic Theory of Foreign Aid (with Yi Jin and Zhixiong Zeng) forthcoming in Economic Thoery.
- The impact of HIV/AIDS on Foreign Direct Investment: Evidence from Sub-Saharan Africa, (with Isaac Kalonda-Kanyama and Yi Jin) forthcoming, Journal of African Trade
- Remittances and Investment in Education: Evidence from Ghana forthcoming (with Kwabena Gyimah-Brempong), The Journal of International Trade & Economic Development, 2015, 24(2), 173-200.
- Foreign Direct Investment, Natural Resources and Employment in Sub-Saharan Africa in Africa at a Fork in the Road: Taking Off or Disappointment Once Again? (with Komla Dzigbede and Akwasi Nti-Addae), 2015, Yale Center for the Study of Globalization, ed. Ernesto Zedillo and Olivier Cattaneo, 395-414.
- Does Foreign Aid In Education Promote Economic Growth? Evidence From Sub-Saharan Africa, Journal of African Development, 2014, 16 (1), 37-59.
- Access to credit by firms in Sub-Saharan Africa: How Relevant is Gender? (with Isaac Kalonda-Kanyama, Leonce Ndikumana and Akwasi Nti-Addae), American Economic Review Papers and Proceedings, 2013, 103 (3), 293-297.
- The Paradox of Capital Flight from a Capital-Starved Continent (with John Nana Francois and Akwasi Nti-Addae), Concerned Africa’s Scholars Bulletin, 2012, 87, 22-28.
- Access to Credit by Small Businesses: How Relevant is Race, Ethnicity and Gender? (with James Freeman and Akwasi Nti-Addae), American Economic Review Papers and Proceedings, 2012, 102 (3), 532-537
- The HIV/AIDS Risk Profiles of Adults in Lesotho, Malawi, Swaziland and Zimbabwe, (with Christobel Asiedu and Francis Owusu), Development Policy Review, 2012, 30 (3), 305-326.
- Foreign Direct Investment, Growth and Poverty Reduction in Sub-Saharan Africa, in Oxford Companion to the Economics of Africa, 2012. Oxford University Press, ed. by Ernest Aryeetey, Shantayanan Devarajan, Ravi Kanbur and Louis Kasekende.
- Democracy, Foreign Direct Investment and Natural Resources, (with Donald Lien), Journal of International Economics, 2011, 84 (1), 99-111.
- Young Women’s Marital Status and HIV Risk in Sub-Saharan Africa: Evidence from Lesotho, Swaziland and Zimbabwe, (with Christobel Asiedu and Francis Owusu), Journal of African Development, 2010, 12 (2), 33-46.
- Does Foreign Aid Mitigate the Adverse Effect of Expropriation Risk on Foreign Direct Investment? (with Yi Jin and Boaz Nandwa), Journal of International Economics, 2009, 78 (2), 268-275.
- The Effect of Corruption on Firm Level Investment: Evidence from Transition Countries, Latin America and the Caribbean and Sub-Saharan Africa, (with James Freeman), Review of Development Economics, 2009, 13 (2), 200-214.
- Is the World Flat? Differential Regulation of Domestic and Foreign Owned Firms, (with H.S. Esfahani), Quarterly Review of Economics and Finance, 2008 (48), 389-4111.
- The Impact of Trade and Investment Liberalization on Foreign Direct Investment, Wages and Employment in Sub-Saharan Africa, (with Kwabena Gyimah-Brempong), African Development Review, 2008, 20 (1), 49-66.
- On the Impact of Foreign Aid in Education on Growth: How Relevant is the Heterogeneity of Aid Flows and the Heterogeneity of Aid Recipients? (with Boaz Nandwa), Review of World Economics, 2007, 143 (4) 631-649.
- The Effect of Globalization on Firm Profit: Do Owners’ Race/Ethnicity Matter? (with James Freeman), American Economic Review Papers and Proceedings, 2007, 97 (2), 368-372.
- Foreign Direct Investment in Africa: The Role of Government Policy, Institutions and Political Instability, World Economy, 2006, 29 (1), 63-77.
- Do Lack of Transparency and Enforcement Undermine International Risk-Sharing? (with Yi Jin and Anne Villamil), Annals of Finance, 2006, 2 (2), 123-140.
- The Determinants of Employment of Affiliates of U.S. Multinational Enterprises in Africa, Development Policy Review, 2004, 22 (4), 371-379. Paper is also published in The Role of MNCs in Alleviating Global Poverty, Edward Edgar Publishing, ed. by Subhash C. Jain and Sushil Vachani.
- Women’s Education, Labor Force Participation and Development in Africa, 2005, (with Donald Lien) in Globalization, Liberalization and the Role of Women in African Development, African World Press/The Red Sea Press, Trenton, New Jersey, ed. by Sylvain Boko, Mina Baliamoune and Sitawa Kimuna.
- Policy Reform and Foreign Direct Investment to Africa: Absolute Progress but Relative Decline, Development Policy Review, 2004, 22 (1), 41-48. Paper is also published in The New Economic Partnership for Africa’s Development: Macroeconomics, Institutions and Poverty, International Monetary Fund, ed. by Saleh Nsouli.
- Debt Relief and Institutional Reform: A Focus on Heavily Indebted Poor Countries, Quarterly Review of Economics and Finance, 2003, 43, 614-626.
- Capital Controls and Foreign Direct Investment, (with Donald Lien), World Development, 2003, 32 (3) 479-490.
- Imperfect Enforcement, Foreign Investment and Foreign Aid, (with A. P. Villamil), Macroeconomic Dynamics, 2002, 6 (4), 476-495.
- On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different? World Development, 2002, 30 (1), 107-119.
- Ownership Structure in Foreign Direct Investment Projects, (with H.S. Esfahani), Review of Economics and Statistics, 2001, 83 (4), 647-662.
- Discount Factors and Thresholds: Foreign Investment when Enforcement is Imperfect, (with A. P. Villamil), Macroeconomic Dynamics, 2000, 4 (1), 1-21.
Research Publications
- Reducing the Gender Gap in Education: Female Teachers as Role Models (With Neepa B Gaekwad, Malokele Naivazo, Mwanza Nkusu), forthcoming in Journal of African Development, 2016, 18 (1)
- The impact of HIV/AIDS on Foreign Direct Investment: Evidence from Sub-Saharan Africa, (with Isaac Kalonda-Kanyama and Yi Jin), Journal of African Trade, 2015, 2 (2), 1-17
- Remittances and Investment in Education: Evidence from Ghana forthcoming (with Kwabena Gyimah-Brempong), The Journal of International Trade & Economic Development, 2015, 24(2), 173-200.
- Foreign Direct Investment, Natural Resources and Employment in Sub-Saharan Africa in Africa at a Fork in the Road: Taking Off or Disappointment Once Again? (with Komla Dzigbede and Akwasi Nti-Addae), 2015, Yale Center for the Study of Globalization, ed. Ernesto Zedillo and Olivier Cattaneo, 395-414.
- Does Foreign Aid In Education Promote Economic Growth? Evidence From Sub-Saharan Africa, Journal of African Development, 2014, 16 (1), 37-59.
- Access to credit by firms in Sub-Saharan Africa: How Relevant is Gender? (with Isaac Kalonda-Kanyama, Leonce Ndikumana and Akwasi Nti-Addae), American Economic Review Papers and Proceedings, 2013, 103 (3), 293-297.
- The Paradox of Capital Flight from a Capital-Starved Continent (with John Nana Francois and Akwasi Nti-Addae), Concerned Africa’s Scholars Bulletin, 2012, 87, 22-28.
- Access to Credit by Small Businesses: How Relevant is Race, Ethnicity and Gender? (with James Freeman and Akwasi Nti-Addae), American Economic Review Papers and Proceedings, 2012, 102 (3), 532-537
- The HIV/AIDS Risk Profiles of Adults in Lesotho, Malawi, Swaziland and Zimbabwe, (with Christobel Asiedu and Francis Owusu), Development Policy Review, 2012, 30 (3), 305-326.
- Foreign Direct Investment, Growth and Poverty Reduction in Sub-Saharan Africa, in Oxford Companion to the Economics of Africa, 2012. Oxford University Press, ed. by Ernest Aryeetey, Shantayanan Devarajan, Ravi Kanbur and Louis Kasekende.
- Democracy, Foreign Direct Investment and Natural Resources, (with Donald Lien), Journal of International Economics, 2011, 84 (1), 99-111.
- Young Women’s Marital Status and HIV Risk in Sub-Saharan Africa: Evidence from Lesotho, Swaziland and Zimbabwe, (with Christobel Asiedu and Francis Owusu), Journal of African Development, 2010, 12 (2), 33-46.
- Does Foreign Aid Mitigate the Adverse Effect of Expropriation Risk on Foreign Direct Investment? (with Yi Jin and Boaz Nandwa), Journal of International Economics, 2009, 78 (2), 268-275.
- The Effect of Corruption on Firm Level Investment: Evidence from Transition Countries, Latin America and the Caribbean and Sub-Saharan Africa, (with James Freeman), Review of Development Economics, 2009, 13 (2), 200-214.
- Is the World Flat? Differential Regulation of Domestic and Foreign Owned Firms, (with H.S. Esfahani), Quarterly Review of Economics and Finance, 2008 (48), 389-4111.
- The Impact of Trade and Investment Liberalization on Foreign Direct Investment, Wages and Employment in Sub-Saharan Africa, (with Kwabena Gyimah-Brempong), African Development Review, 2008, 20 (1), 49-66.
- On the Impact of Foreign Aid in Education on Growth: How Relevant is the Heterogeneity of Aid Flows and the Heterogeneity of Aid Recipients? (with Boaz Nandwa), Review of World Economics, 2007, 143 (4) 631-649.
- The Effect of Globalization on Firm Profit: Do Owners’ Race/Ethnicity Matter? (with James Freeman), American Economic Review Papers and Proceedings, 2007, 97 (2), 368-372.
- Foreign Direct Investment in Africa: The Role of Government Policy, Institutions and Political Instability, World Economy, 2006, 29 (1), 63-77.
- Do Lack of Transparency and Enforcement Undermine International Risk-Sharing? (with Yi Jin and Anne Villamil), Annals of Finance, 2006, 2 (2), 123-140.
- The Determinants of Employment of Affiliates of U.S. Multinational Enterprises in Africa, Development Policy Review, 2004, 22 (4), 371-379. Paper is also published in The Role of MNCs in Alleviating Global Poverty, Edward Edgar Publishing, ed. by Subhash C. Jain and Sushil Vachani.
- Women’s Education, Labor Force Participation and Development in Africa, 2005, (with Donald Lien) in Globalization, Liberalization and the Role of Women in African Development, African World Press/The Red Sea Press, Trenton, New Jersey, ed. by Sylvain Boko, Mina Baliamoune and Sitawa Kimuna.
- Policy Reform and Foreign Direct Investment to Africa: Absolute Progress but Relative Decline, Development Policy Review, 2004, 22 (1), 41-48. Paper is also published in The New Economic Partnership for Africa’s Development: Macroeconomics, Institutions and Poverty, International Monetary Fund, ed. by Saleh Nsouli.
- Debt Relief and Institutional Reform: A Focus on Heavily Indebted Poor Countries, Quarterly Review of Economics and Finance, 2003, 43, 614-626.
- Capital Controls and Foreign Direct Investment, (with Donald Lien), World Development, 2003, 32 (3) 479-490.
- Imperfect Enforcement, Foreign Investment and Foreign Aid, (with A. P. Villamil), Macroeconomic Dynamics, 2002, 6 (4), 476-495.
- On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different? World Development, 2002, 30 (1), 107-119.
- Ownership Structure in Foreign Direct Investment Projects, (with H.S. Esfahani), Review of Economics and Statistics, 2001, 83 (4), 647-662.
- Discount Factors and Thresholds: Foreign Investment when Enforcement is Imperfect, (with A. P. Villamil), Macroeconomic Dynamics, 2000, 4 (1), 1-21.
Teaching/Mentoring/Research
- Kemper Teaching Award, 2008, University of Kansas (KU).
- Byron Shutz Award for Excellence in Teaching, 2008, University of Kansas (KU).
- Woman of Distinction Award, 2008, University of Kansas (KU).
- Outstanding Woman Educator Award, 2003, awarded by the Emily Taylor Women’s Resource Center, KU
- University of Illinois Panhellenic Council Teaching Award, 1996.
- American Association of University Women (AAUW) Fellowship, 1995-1996
Research/Academic Awards
- Author rank for Social Science Research Network (SSRN) as of January 2015 – 3,846 out of 270,671 authors in SSRN
- Citations in important international publications including the Tony Blair “Commission for Africa” report published in 2005 and publications by the United Nations Conference on Trade and Development (UNCTAD), World Bank, African Development Bank, United Nations Economic Commission for Africa, United Nations University-WIDER in Finland
- Emerging Scholar Award, 2007, awarded by Diverse: Issues in Higher Education. Nation-wide award, honors minority faculty in academia; 10 awards annually
- Fulbright Specialist Scholar List, November 2008-Present
- Big XII Fellowship, August 2008-June 2009
Editorial Experience
- Editor, Journal of African Development, January 2014-Present
- Editorial Board, Journal of African Trade, June 2013-Present
- Associate Editor, Journal of African Economies, September 2009-May 2011
- Editor, Special Issue of Journal of African Development, 2010
Other Honors (selected)
- President and Founder, Association for the Advancement of African Women Economists (AAAWE), March 2012-Present
- Member, Global Research Competition Steering Committee, Global Development Network, India, October 2011-Present
- Member, Distinguished External Reference Group. The African Capacity Building Foundation, Zimbabwe, April 2012-Present
- Board Member, African Finance Economic Association (AFEA), January 2012-Present
- President, AFEA, January 2011-January 2013
- Vice President, AFEA, December 2007-December 2010
- Member of a four-scholar international panel committee to conduct a ten-year review of The United Nations University/ World Institute of Development and Economic Research (UNU/WIDER), Finland, May 2010-January 2011
External Grants
- Project: Grant to support African women economists to participate in the African Development conference at Oxford University, England; Funding Agency: African Economic Research Consortium (AERC), Nairobi Kenya; Amount: $10,000; January 2015-March 2015.
- Project: Capacity Building of African Women Economists; Funding Agency: Rockefeller Foundation; Amount: $75,000; November 2014 – October 2016.
- Project: Natural Resources, Institutions and Foreign Direct Investment (FDI); Funding Agency: International Growth Center, London School of Economics; Amount: $20,000; April 2012 – January 2013.
- Project: Mentoring/Technical workshop for African women economists in Uganda. Funding Agency: African Capacity Building Foundation, Zimbabwe; Amount: $25,000; March 2012-July 2012.
- Project: Development on the Move: Measuring and Optimizing the Economic and Social Impacts of Migration in Ghana; Funding Agency: Global Development Network, India; Amount: $110,000, April 2008- May 2009.
- Co-PIs: Francis Doodo (University of Ghana and Pennsylvania State University), Francis Owusu (Iowa State University), Joseph Mensah (York University, Canada), Ian Yeboah (Miami University of Ohio).
- Project: Scholarships for KU graduate students conducting research on health related issues in Africa; Funding Agency: Oswald Family Foundation, Minnesota; Amount: $12,000; March 2007- December 2008.
- Co-PI: Garth Myers Department of Geography, University of Kansas.
- Project: Foreign Direct Investment, Employment and Technological Spillovers in Costa Rica. Funding Agency: University of Costa Rica and KU International Programs; Amount: $10,000; January 2007-December 2008.
Internal (Competitive) Grants - University of Kansas
Grants to support undergraduate students (discontinued in January 2008)
- Project: The Determinants of Foreign Direct Investment (FDI) Policies; Amount: $2,500; August 2007-December 2007.
- Project: The Role of Foreign Direct Investment (FDI) in African Development; Amount: $2,500; January 2007-May 2007.
- Project: The Effect of HIV/AIDS on African Development; Amount: $2,500; August 2006-December 2006.
- Project: Who has HIV/AIDS in Sub-Saharan Africa?; Amount: $2,500; June 2006-August 2006.
- Project: Achieving the Millennium Development Goals: A Focus on Sub-Saharan Africa; Amount: $2,500; January 2006-May 2006.
Other KU Awards
- Project: Optimal Government Policies for Managing Oil Revenues: A focus on Sub-Saharan African countries; Source: General Research Fund (GRF); Amount: $11,000; July 2014-June 2015.
- Project: The HIV/AIDS Risk Profiles of Adults in Lesotho, Malawi, Swaziland and Zimbabwe, Source: GRF; Amount: $3,800; July 2011- June 2012.
- Project: Access to Credit by Small Businesses: How Relevant is Race, Ethnicity and Gender? Source: Center for Research in Entrepreneurial Activity; Amount: $102,000; July 2010-June 2011.
- Project: Does Foreign Aid in Education Educate Children and/or Promote Economic Growth in Sub-Saharan Africa?; Source: GRF; Amount: $10,000; July 2009-June 2010.
- Project: The Economic Effect of HIV/AIDS in Sub-Saharan Africa; Source: GRF; Amount: $9,000; July 2008-June 2009.
- Project: The Determinants of Foreign Direct Investment (FDI) Policies; Source: GRF; Amount: $6,900; July 2007-June 2008.
- Project: The Determinants of Foreign Equity Restrictions; Source: GRF; Amount: $ 9,000; July 2006-June 2007.
Email: asiedu@ku.edu