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Judith A. McDonald

Department of Economics: Professor

  • University of Western Ontario, B.A.
  • Princeton University, Ph.D.
Judy McDonald's primary areas of research are gender pay inequities, international trade, and macroeconomics. Professor McDonald teaches International Finance, Intermediate Macroeconomics and International Trade at the undergraduate level. She teaches the first Macroeconomics course, Advanced Macroeconomic Analysis, to first-year graduate students. A native of Canada, Professor McDonald is the Director of Lehigh's Canadian Studies Institute. She joined the Lehigh faculty in 1991.
Research Interests
  • Capital flows to developing countries
  • U.S.-Canada trade relations during the 1930s
  • Pay equity in Ontario
  • Starting Salary Gender Pay Inequities
Selected Publications and Working Papers
  • "Estimating Gender Wage Gaps" (with Robert Thornton). Journal of Economic Education, Vol. 42, No. 4, November 2011, pp. 405-413.
  • "Using the Credit Spread as an Option-Risk Factor: Size and Value Effects in CAPM" (with Young-Soon Hwang, Hong-Ghi Min, Hwagyun Kim, and Bong-Han Kim). Journal of Banking & Finance, Vol. 34, No. 12, December 2010, pp. 2995-3009.
  • "Retreat from Protectionism: R.B. Bennett and the Movement to Freer Trade in Canada, 1930-1935" (with Anthony Patrick O'Brien). Journal of Policy History, Vol. 21, No. 4, 2009.
  • "Are Asian Countries' Current Accounts Sustainable? Deficits, Even When Associated with High Investment, are Not Costless" (with Bong-Han Kim, Hong-Ghi Min, and Young-Soon Hwang). Journal of Policy Modeling, Vol. 31, Issue 2, March-April 2009, pp. 163-179.
  • "Do New Male and Female College Graduates Receive Unequal Pay?," (with Robert Thornton). Journal of Human Resources, Vol. 42, No. 1, 2007, pp. 32-48.
  • "Dynamic Capital Mobility, Capital-Market Risk, and Contagion: Evidence from Seven Asian Countries" (with Hong-Ghi Min and Jaeyong Choung). Japan and the World Economy, Vol. 15, 2003, pp. 161-183.
  • "Comparable Worth in Academe: Professors at Ontario Universities," (with Robert Thornton) Canadian Public Policy, Vol. 27, No. 3, 2001, pp. 357-373.
  • "A New Look at the Gender Earnings Gap for Recent College Graduates" (with Robert Thornton). IRRA Proceedings of the Fifty-Third Annual Meeting, 2001, pp. 213-221.
  • "Rethinking the Optimal Level of Environmental Quality: Justifications for Strict Environmental Policy" (with Amy Farmer, James Kahn, and Robert O'Neill). Ecological Economics, Vol. 36, 2001, pp. 461-73.
  • "Private-Sector Experience with Pay Equity in Ontario," with Robert Thornton, Canadian Public Policy, Vol. 24, No. 2, 1998, pp. 185-208.
  • "The Role of Economic Factors in Tropical Deforestation," with James Kahn, Ch. 2 in Laurance, W. F. and R.O. Bierregaard, Jr., eds., Tropical Forest Remnants: Ecology, Management, and Conservation of Fragmented Communities, The University of Chicago Press, 1997, pp. 13-28.
  • "Trade Wars: Canada's Reaction to the Smoot-Hawley Tariff," with Colleen Callahan and Anthony O'Brien, The Journal of Economic History, Vol. 57, No. 4, December 1997, pp. 802-826.
  • "Third World Debt and Tropical Deforestation," with James Kahn, Ecological Economics, vol. 12, 1995, pp. 107-123.
  • "Who Voted for Smoot-Hawley?" (with Colleen Callahan and Anthony O'Brien), The Journal of Economic History, Vol. 54, No. 3, September 1994, pp. 683-690.
Office Information
Office: 423 RBC
Phone: 610-758-5345
Fax: 610-758-4677
Courses Taught
  • Advanced Macroeconomic Analysis (Eco 417)
  • Intermediate Macroeconomic Analysis (Eco 119)
  • International Trade (Eco 339)
  • International Finance (Eco 340)
Developing Leaders for Global Impact

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