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Old Dominion University Economics Professor Vinod Agarwal was recently appointed and University Professor Gilbert Yochum reappointed to the Governor's Advisory Board of Economists, a group of experts that reviews and evaluates the economic forecasts used to develop the revenue estimates on which Virginia's budget is based.

The board's review encompasses economic assumptions and technical econometric methodology used to prepare the governor's estimates of anticipated general and non-general fund revenues; assumptions and methodologies used to project general fund and non-general fund revenues for the current and future biennia; and the current and projected economic outlook for the commonwealth and the nation.

Together with finance Professor Mohammad Najand, Agarwal and Yochum lead the Economic Forecasting Project for Hampton Roads, which provides quarterly economic forecasts and a yearly outlook for the entire Hampton Roads region.

Agarwal, who joined Old Dominion in 1981, has served as chair of the Department of Economics and the Graduate Program Director of the Masters Program in Economics. His research interests are in the area of applied economics. The author or co-author of more than 60 professional journal publications and research monographs, his articles have appeared in various journals such as Cornell Hotel and Restaurant Administration Quarterly, Journal of Travel Research, Economic Development and Cultural Change, Social Science Quarterly, Economics of Education Review, Journal of Higher Education, Journal of the American Real Estate and Urban Economics Association, Southern Economic Journal and Eastern Economic Journal.

A member of the Old Dominion faculty since 1975, Yochum served as chairman of the Department of Economics from 1991 to 2000. He has also served as the advisory economist to the U.S. Intelligence Service Conference on Economic Intelligence and for several years led the Naval and Marine Corp Intelligence Training Center seminar on Economic Intelligence.

Yochum has served as an economic consultant to more than 40 companies and government agencies, and offered testimony before the National Labor Relations Board, U.S. Maritime Administration and Virginia State Corporation Commission. He is author or co-author of more than 60 professional journal publications and research monographs, appearing in such journals as Industrial Relations, Public Choice, Economic Inquiry, International Migration Review, Social Science Quarterly, Journal of Behavioral Economics and International Advances in Economic Research.

Both Agarwal and Yochum's work have been cited in more than 130 newspaper, magazine and wire reports throughout the country, including the Dow Jones Newswire, Associated Press and USA Today.

This article was posted on: November 6, 2006

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