SANG H LEE, Ph.D. M.A. in Economics, Korea University, Seoul, Korea February, B.A. in Economics, Korea University, Seoul, Korea February, 1985

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SANG H LEE, Ph.D. Charles Blackwell Endowed Professor in Economics Department of Management and Business Administration Southeastern Louisiana University Hammond, LA 70402 Phone (985) 549-2051, Fax (985) 549-2881 E-mail: Sang.Lee@southeastern.edu EDUCATION Ph.D. in Economics, University of Florida in Gainesville, Florida August, 1999 Dissertation: Three Essays on Telecommunications Regulatory Policies Fields of Study: Microeconomics, Industrial Organization, Economics of Regulation, and Economics of Information M.A. in Economics, Korea University, Seoul, Korea February, 1988 B.A. in Economics, Korea University, Seoul, Korea February, 1985 PROFESSIONAL HISTORY Department Head June, 2014-Present Management and Business Administration Interim Department Head January, 2013-May, 2014 Management and Business Administration Acting Department Head August, 2014-July, 2016 Accounting and Finance Full Professor August, 2011-Present Department of Management & Business Administration Southeastern Louisiana University Associate Professor August, 2005-July, 2011 Department of Management & Business Administration Southeastern Louisiana University Assistant Professor August, 1999-July, 2005 Department of General Business Southeastern Louisiana University 1

HONORS Charles Blackwell Endowed Professorship in Economics Aug. 2008 Jun. 2011 and Nov. 2012 Present College of Business, Southeastern Louisiana University Certificate of Academic Excellence March 1996 International Student Academic Awards Program, University of Florida COURSES TAUGHT Graduate Courses: ECON 613-01 MBA Managerial Economics ECON 613-02 Executive MBA Managerial Economics ECON 695 Executive MBA Economics of Business Strategy Undergraduate Courses: ECON 102 Elements of Economics ECON 201 Principles of Macroeconomics ECON 202 Principles of Microeconomics ECON 345 Industrial Organization & Public Policy ECON 402 Undergraduate Managerial Economics/ Intermediate Microeconomics PEER-REVIEWED JOURNAL PUBLICATIONS [23] Gardner, L. K., Lee, S. H., Cresson, J., & Alford, M. (2017). The Effects of Information Communication Technology on Stock Market Capitalization: A Panel Data Analysis. Business and Economic Research, 7 (1), 261-272. doi:10.5296/ber.v7i1.10936 [22] Carton, T., Darden, M., Levendis, J., Lee, S., & Ricket, I. (2016). Comprehensive Indoor Smoking Bans and Smoking Prevalence: Evidence from the BRFSS. American Journal of Health Economics, 2 (4), Fall 2016, 535 556. MIT Press Journals [21] Jeon, Hyungjoon, Lee, S. H., Wyld, David (2014). The Impact of Lifestyle Behavior on Medicare Costs: A Panel Data Analysis at the State Level. Health Informatics - An International Journal, 3 (3), 1 8. [20] Gallego, J. M., Gutierrez, L. H., & Lee, S. H. (2014). A Firm-Level Analysis of ICT Adoption in an Emerging Economy: Evidence from the Colombian Manufacturing Industries. Industrial and Corporate Change, 24 (1), 191 221. http://icc.oxfordjournals.org/content/early/2014/04/10/icc.dtu009.short?rss=1 [19] Levendis, J. & Lee, S. H. (2013). On the Endogeneity of Telecommunications and Economic Growth: Evidence from Asia. Information Technology for Development, 19 (1), 62 85. 2

[18] Jamal, A., Hsing, Y., & Lee, S. H. (2011). A Formula for Setting Interest Rates that Reflect Real Economic Growth. International Journal of Management, 28 (3), 806 808. [17] Lee, S. H. & Gardner, L. K. (2011). Does the Spread of Mobile Phones Promote Economic Development? Southwestern Economic Review, 38 (1), 15 26. [16] Waikar, A., Jepbarova, L., Lee, S. H., Gardner, L., & Johnson, J. (2011). Impact of Foreign Direct Investment on Kazakhstan's Economy: A Boon or a Curse. International Journal of Business and Social Science, 2 (22), 92 98. [15] Lee, S. H., Levendis, J., & Gutierrez, L. (2011). Telecommunications and Economic Growth. Applied Economics, 44 (4), 461 469. [14] Gardner, L. K. & Lee, S. H. (2010). A Macroeconomic Study of the Impacts of HIV/AIDS on Health Capital and Economic Growth. International Journal of Management, 27 (1), 153 161. [13] Lee, S. H., Leonard, J., & Jeon, H. (2009). Sports Market Capacity, Frequency of Movements, and Age in the NBA Players Salary Determination. Indian Journal of Business and Economics, 8 (1), 127 134. [12] Lee, S. H. (2008). Market Liberalization and Ownership Status of Incumbent Telecom Enterprises. Economics Bulletin, 12 (30), 1 10. [11] Lee, S. H. & Quayes, S. (2006). A Duration Analysis of Privatization in the Telecom Sector. International Review of Economics, 53 (2), 225 239. [10] Lee, S. H. & Levendis, J. (2006). Creation of a Separate Telecom Regulatory Agency - A Duration Analysis of Its Time Pattern. Contemporary Economic Policy, 24 (3), 407 417. [9] Cox, R. G. & Lee, S. H. (2005). Efficiency and Network Expansion in the Telecommunications Sector: A Study of the Asian Experience. Indian Journal of Business and Economics, 4 (2), 363 371. [8] Lee, S. H. & Quayes, S. (2005). When is Privatization Better Facilitated: Global Evidence from the Telecom Sector. Global Economic Review, 34 (1), 119 128. [7] Lee, S. H. (2004). Application of Taylor's Monetary Policy Rule to South Korea. Atlantic Economic Journal, 32 (3), 260. [6] Cox, R. G. & Lee, S. H. (2004). Efficiency Gains from Privatization in the Telecommunications Industry. Southern Business and Economic Journal, 26 (3), 119 129. [5] Hsing, Y. & Lee, S. H. (2004). Estimating the Bank of Korea's Monetary Policy Reaction Function: New Evidence and Implications. Journal of the Korean Economy, 5 (1), 1 16. [4] Lee, S. H. (2003). A Duration Analysis of the Adoption of Privatization Policy: Evidence from the Telecommunications Sector in the Asia-Pacific Region. International Economic Journal, 17 (2), 65 78. 3

[3] Lee, S. H. (2002). Impact of Currency Depreciation on Real GDP in South Korea. Atlantic Economic Journal, 30 (2), 221. [2] Hsing, Y., Lee, S. H., Wadsworth, D., & Stritikus, A. (2002). Impact of Government Rate Policy on Housing Production. International Journal of Management, 19 (1), 178 183. [1] Lee, S. H. & Hamilton, J. (1999). Using Market Structure to Regulate a Vertically Integrated Monopolist. Journal of Regulatory Economics, 15 (3), 223 249. PUBLICATIONS IN PROCEEDINGS [2] Lee, S. H. (2008). The Market Liberalization and the Ownership Status of Incumbent Telecom Enterprises - Global Evidence from the Telecom Sector. Academy of Economics and Finance Papers and Proceedings, 182 187. [1] Lee, S. H., Leonard, J., & Prinzinger, J. (2002). The Japanese Zero Interest Rate Economy. Academy of Economics and Finance Papers and Proceedings, 231 234. PUBLICATIONS OF BOOK SUPPLEMENT [7] Lee, S. H. (2005). Microeconomics-Test Item File 1 for Economics: Principles and Tools (Arthur O'Sullivan and Steven M. Sheffrin), 4th ed., Prentice Hall, ISBN: 0-13-153608-7, 1 700. [6] Dole, C., Lee, S. H., & Sue, D. L. (2003). Test Bank Volume 1 for Microeconomics (Michael Parkin), 6th ed., Addison Wesley, ISBN: 0-201-95977-1, 1 396. [5] Dole, C., Lee, S. H., & Sue, D. L. (2003). Test Bank Volume 2 for Microeconomics (Michael Parkin), 6th ed., Addison Wesley, ISBN: 0-201-95978-X, 1 385. [4] Dole, C., Lee, S. H., & Sue, D. L. (2003). Test Bank Volume 3 for Microeconomics (Michael Parkin), 6th ed., Addison Wesley, ISBN: 0-201-95984-4, 1 414. [3] Graham, J., Lee, S. H., & Price, E. (2003). Test Bank Volume 1 for Macroeconomics (Michael Parkin), 6th ed., Addison Wesley, ISBN: 0-201-96317-5, 1 340. [2] Graham, J., Lee, S. H., & Price, E. (2003). Test Bank Volume 2 for Macroeconomics (Michael Parkin), 6th ed., Addison Wesley, ISBN: 0-201-95985-2, 1 349. [1] Graham, J., Lee, S. H., & Price, E. (2003). Test Bank Volume 3 for Macroeconomics (Michael Parkin), 6th ed., Addison Wesley, ISBN: 0-201-97433-9, 1 340. PRESENTATIONS OF REFEREED PAPERS 4

[32] Fukasawa, Y., Garcia-Fuentes, P., Lee, S., Anyadioha, M. (2017, February). Analysis of Forward Interest Parity in the 2007-2009 Recession, Academy of Economics and Finance, Charleston, South Carolina. [31] Carton, T., Lee, S. H., Levendis, J., & Rickett, I. (2013, March). Taxation, Regulation, and Smoking Cessation. Academy of Business Research, New Orleans, Louisiana. [30] Lee, S. H., Gutierrez, L., & Gallego, J. (2012). A Firm-Level Analysis of ICT Adoption in an Emerging Economy: Evidence from the Colombian Manufacturing Industries. Southern Economic Association, New Orleans, Louisiana. [29] Lee, S. H. & Gardner, L. K. (2011, February). Does the Spread of Mobile Phones Promote Economic Development? Academy of Economics and Finance, Jacksonville, Florida. [28] Gardner, L., Lee, S., & Leonard, J. (2010). Do Poor Economic Conditions Motivate Violent Crimes Than Non-Violent Crimes? Academy of Economics and Finance, Houston, Texas. [27] Lee, S. H. (2010). Telecommunications and Economic Growth: An Empirical Study of the Asia-Pacific Countries. Academy of Economics and Finance, Houston, Texas. [26] Gardner, L. K. & Lee, S. H. (2009). How HMO Penetration Affects Care to the Uninsured in Florida Hospitals. Southern Economic Association, San Antonio, Texas. [25] Gardner, L. K. & Lee, S. H. (2009). A Macroeconomic Study of the Impacts of HIV/AIDS on Health Capital and Economic Growth. Academy of Economics and Finance, Pensacola Beach, Florida. [24] Jamal, A., Lee, S. H., & Hsing, Y. (2008, October). A New Interest Rate Rule for Policy Makers and the Rest of Us. INFORMS, Washington D.C., United States of America. [23] Lee, S. H. (2008, February). An Empirical Study on the Interdependence in Telecom Reform Policy Adoptions. Academy of Economics and Finance, Nashville, Tennessee. [22] Hsing, Y., Gibson, J., & Lee, S. H. (2006, November). The Role of the Foreign Interest rate in the Exchange Rate Determination. Southern Economic Association, Charleston, South Carolina. [21] Hsing, Y., Odusami, B., Lee, S. H., & Bartkus, J. (2004, November). Effects of Macroeconomic Policies on a Developing Economy. Academy of Economics and Finance, Houston, Texas. [20] Lee, S. H. (2004, November). Empirical Evidence of the Complementarity of Telecommunications Reform Policies. Southern Economic Association, New Orleans, Louisiana. [19] Lee, S. H. & Quayes, S. (2004, April). The Adoption of Privatization Policy in Telecommunications: A Duration Analysis of Reverse Causality. International Industrial Organization Conference, Chicago, Illinois. [18] Bowes, D. & Lee, S. H. (2003, November). Determinants of the Size of Criminal Population: Empirical Evidence at a County Level in the U.S. Southern Economic Association, San Antonio, Texas. 5

[17] Lee, S. H. (2003, November). Patterns of Market Liberalization in Telecommunications Sector. Southern Economic Association, San Antonio, Texas. [16] Lee, S. H. & Leonard, J. (2003, July). A Study of Reverse Causality in Regulatory Reform in Telecommunications. Western Economic Association International, Denver, Colorado. [15] Leonard, J. & Lee, S. H. (2003, November). A Socioeconomic Analysis of WNBA/NBA Rookies; Salaries. Southern Economic Association, San Antonio, Texas. [14] Leonard, J. H., Prinzinger, J., & Lee, S. H. (2003, March). William J. Baumol: A Nobel Appreciation. Southwestern Society of Economists, Houston, Texas. [13] Quayes, S. & Lee, S. H. (2003, November). The Linkage between Industry Performance in Canada and its International Trade. Southern Economic Association, San Antonio, Texas. [12] Lee, S. H. (2002, November). Mobile Cellular Telecommunications Services and Market Liberalization. Southern Economic Association, New Orleans, Louisiana. [11] Lee, S. H. (2002, February). Patterns of Adoption of Privatization of State-owned Enterprises. Academy of Economics and Finance, Pensacola, Florida. [10] Leonard, J., Prinzinger, J., & Lee, S. H. (2002, November). On the Economics of Aquaculture. Southern Economic Association, New Orleans, Louisiana. [9] Leonard, J., Prinzinger, J., & Lee, S. H. (2002, October). An International Environmental Economic Analysis. MidSouth Association of Business Disciplines, Jackson, Mississippi. [8] Leonard, J., Prinzinger, J., & Lee, S. H. (2002, March). A Socioeconomic Analysis of Professional Football Salaries. Missouri Valley Economic Association, Memphis, Tennessee. [7] Leonard, J., Prinzinger, J., & Lee, S. H. (2002, March). The Japanese Zero Interest Rate Economy. Academy of Economics and Finance, Pensacola, Florida. [6] Leonard, J., Prinzinger, J., & Lee, S. H. (2002, March). Political Economy and Presidential Elections. Southwestern Economic Association, New Orleans, Louisiana. [5] Hsing, Y., Leonard, J., Gibson, J., & Lee, S. H. (2001, February). Impact of Greenspan's Monetary Policy on Household Spending. Academy of Economics and Finance, Biloxi, Mississippi. [4] Lee, S. H. (2001, November). A Duration Analysis of Regulatory Reform in Telecommunications. Southern Economic Association, Tampa, Florida. [3] Lee, S. H. (2001, February). Do Separate Regulatory Agency Matter?: Evidence from Telecommunications Industry. Academy of Economics and Finance, Biloxi, Mississippi. [2] Lee, S. H. & Gutierrez, L. (2000, November). The Effect of Institution on Telecommunications Industry: Evidence Asia-Pacific and Latin American Countries. Southern Economic Association, Washington, D.C., District of Columbia. 6

[1] Hsing, Y., Gibson, J., Pederson, W., & Lee, S. H. (2000, March). The Determinants of Bond Yields: A GARCH Model. The Southwestern Federation of Administrative Disciplines, San Antonio, Texas. FUNDED GRANTS Lee, S. H. (2002). Application of Business Games to Economics Courses for the Development of Strategic Thinking. Information Technology Grant ($1,750.00) from Enhancement Grant Program for Tenure Track/Tenured Faculty-Southeastern Louisiana University. RESEARCH IN PROGRESS/PAPERS UNDER REVIEW Gardner, L. K., Lee, S. H., Cresson, J., Alford, M. (2016). Determinants of Stock Market Capitalization with Emphasis on ICTs A Panel Study OTHER PROFESSIONAL ACTIVITIES/SERVICES OFFICER FOR ACADEMIC ORGANIZATIONS Faculty Advisor, Omicron Delta Epsilon (International Honor Society in Economics) (2002 2005) Program Committee Member, Southwestern Society of Economics. (2002 2003) ACADEMIC CONFERENCE SESSION CHAIR Session 17K Case Studies in IO. (2012). Southern Economic Association (New Orleans, Texas)." Session 5C Topics in Industry Studies. (2008). Academy of Economics and Finance, Nashville, Tennessee. Session 204Q Industrial Organization and Antitrust: International Perspectives. (2003). Southern Economic Association, San Antonio, Texas. Session C Microeconomics. (2003). Southwestern Society of Economics, Houston, Texas. MANUSCRIPT REVIEW FOR PEER-REVIEWED JOURNALS [22] World Development, Openness, ICT and Doing Business in Sub-Saharan Africa (WD-7594, December 2016). [21] Information Technology for Development, Broadband and Economic Growth in Africa (07-16-0113- ITD-R, September 2016). 7

[20] Modern Economy, CORPORATE SOCIAL RESPONSABILITY AS A TOOL FOR SUSTAINABLE DEVELOPMENT: THE BRAZILIAN CHALLENGE (7201404, August 2016). [19] Economics Bulletin, What determines demand for Telecommunications services? Evidence from the EU countries before and after liberalization (EB-16-00041, February 2016). [18] JOURNAL OF AGRICULTURAL SCIENCE AND TECHNOLOGY, The effect of ICT on Iran s economic growth and trade in agricultural products in Developed and Developing countries (J. 10789-94, January 2016). [17] Telecommunications Policy, Mobile Internet: A Suitable Policy for Digital Inclusion in Brazil (JTPO-D- 14-00331, January 2015). [16] Economics Bulletin, Estimation of Market Power and Interconnection Costs in Mobile Tunisia (EB- 11-00716, September 2011). [15] Southwestern Economic Review, Energy Consumption and Economic Growth - Evidence from COMESA Countries (R2012-01, December 2010). [14] Telecommunications Policy, The Quantity Impact of Trade Liberalization in Telecommunications Services (JTPO-D-10-00149, August 2010). [13] Telecommunications Policy, Telecommunications and Economic Growth (JTPO-D-09-00150, February 2010). [12] Southwestern Economic Review, International Capital Mobility and the Feldstein-Horioka Puzzle - An Empirical Examination for the G5 Nations (R2011-09, February 2010). [11] Economics Bulletin, Overloading of Rural Public Transport - Why Does It Happen in Cambodia and Could Cargo-Space Canopies Improve Safety? (EB-10-00032, February 2010). [10] Southwestern Economic Review, Do Federal Matching Funds Inhibit State Growth? (R2010-17, October 2009). [9] ETRI Journal, Mobile Telecommunications Market Regulations and Carrier Performance - The Korean Case (RP0903-0179, September 2009). [8] Review of Economic Design, Regulatory Design under Asymmetric Information about Demand (ROED- D-09-00016, July 2009). [7] Emerging Market Finance and Trade (EMFT) Journal, Measuring Monetary Policy in Korea - Is Changing Intermediate Target Necessary? (EMFT-0309081, May 2008). [6] Southwestern Economic Review, Superfund Sites and Race - Evidence from Houston (R2009-16, May 2008). [5] Applied Economics, The Impact of Foreign Participation on Stock Prices in the United States (APE-08-0152, March 2008). 8

[4] Korea Development Review, IV ECM Threshold Cointegration Tests and Nonlinear Monetary Policy in Korea (September 2007). [3] Southwestern Economic Review, Understanding the State of US International Competitiveness - A Conceptualization of Total Factor Productivity Indicators (R2008-20, August 2007). [2] Southwestern Economic Review, Would Precision Agriculture Affect World Cotton Trade Scenario? (R2007-31, September 2006). [1] Southwestern Economic Review, Income Inequality, Social Status and Growth (R2005-30, November 2004). FACULTY DEVELOPMENT ACTIVITIES College of Business Sedona Training Seminar, Hammond, Louisiana. (2009) College of Business Teaching Improvement Seminar, Hammond, Louisiana. (2009) Faculty Development Workshop on Academic Advising, Hammond, Louisiana. (2008) Business Ethics Lecture Series - College of Business, Hammond, Louisiana. (2008) MTTS (Mobile ThinkTank System) - Combine service learning with advanced technology, Hammond, Louisiana. (2008) SEDONA web application training, Hammond, Louisiana. (2008) Sympodium Presentation Training for Teaching, Hammond, Louisiana. (2008) PROFESSIONAL MEMBERSHIPS Omicron Delta Epsilon - International Honor Society in Economics INSTITUTIONAL SERVICES UNIVERSITY ASSIGNMENTS Chair: University Faculty Senate Nominations and Elections Committee (2008-2009) Member: University Library Committee (2012-2013) University Faculty Senate (2005-2008) COLLEGE ASSIGNMENTS Chair: Endowed Professorship Review Committee (2016-2017) 9

AACSB Assurance of Learning Committee (2012-2013) Member: AACSB College of Business Policy on Faculty Qualifications (AQ/PQ) (2009-2015) The College Summer Teaching Committee (2015) Business Ethics Lecture Committee (2007-2008) The College Nomination Committee for Presidential Award for Excellence in Teaching, Research, and Service (2003-2005) Graduate Business Programs Faculty Advisory Committee (2013-2014) DEPARTMENT ASSIGNMENTS Chair: Planning Committee (2013-2014) Department Assessment Committee (Co-Chair) (2009-2010) Economics Faculty Hiring Committee (2006-2007, 2008-2009) Major Field Assessment (2006-2009) Textbook Selection Committee (2003-2004, 2005-2006, 2007-2008) Economics Scholarship Committee (2003-2006) Faculty Advisor: The Eta Chapter of the Omicron Delta Epsilon (International Honor Society in Economics) (2002-2005) Treasurer, The Eta Chapter of the Omicron Delta Epsilon (International Honor Society in Economics) (2001-2002) Member: Assessment Committee (2010-2013) Curriculum Committee (1999-2003, 2004-2005, 2006-2011) Tenure and Promotion Committee (2007-2010, 2011-2013) LIGTT - Service Committee (2010-2012) Economics Curriculum Subcommittee (2008-2009) Economics and Finance Serials Review Committee (2008-2009) Scholarship Committee (2007-2009) General Business Course Profile Committee (2007-2009) Merit Instrument Revision Committee (2007-2008) Textbook Selection Committee (2001-2002, 2004-2005) Economics Faculty Hiring Committee (2000-2002, 2003-2004) Faculty Evaluation Instrument Committee (2000-2001) General Business Planning and Assessment Committee (2002-2003) COMMUNITY SERVICES Southeastern LAB School Technology Committee (2012) Southeastern LAB School Library Week (2012) Southeast Louisiana District Literary Rally, Administration and Grading (1999-2000, 2002-2004, 2006-2007, 2012-2013) 10

United Way General Business Department Fund Raising Captain (2003-2005, 2009-2010) Rock & Roar, Event Managing Staff for the College of Business & Technology (2001-2002) A Panelist on Academic Symposium: The Mathematics of John Nash Some Beautiful Work as a part of Fanfare (2002-2003) Last updated on October 4, 2017 11