Staff profile

Dr Buly Cardak

Associate Professor/Director of Research

Faculty of Business, Economics and Law

School of Economics

Melbourne (Bundoora)

 

Qualifications

PhD, University of Melbourne; M.A, University of Rochester; B.Ec (Honours), University of Adelaide.

Area of study

Economics
Finance

Brief Profile

Buly joined the Department of Economics and Finance in July 2001. He previously held a post-doctoral position at the Department of Economics, Hebrew University of Jerusalem. Prior to that, he was lecturer in the School of Economics, Deakin University. His PhD was completed in 1999 at the University of Melbourne.

Buly's research interests cover the economics of education, ranging from theoretical modelling of education finance and its implications for growth and inequality to the empirical work on credit constraints, rural-urban education differences and intergenerational mobility. An important recent theme of his research has been the transition to higher education and factors influencing this transition. In addition to his work on the economics of education, Buly is undertaking research into household portfolio allocation decisions and the factors influencing these allocations.

Buly has published research in a range of Australian and international journals. In 2006, Buly was part of a successful research collaboration with Professor Bruce Chapman of the Australian National University and Professor Vance Martin of the University of Melbourne in to be awarded ARC Discovery Project funding over 3 years (2006-2008) for a project entitled “Why poorer students are less likely to go to university: Theoretical and empirical evidence for Australia with implications for policy”. This project is ongoing and is the main focus of Buly’s current research.

Teaching Units

Microeconomic Analysis (ECO3MIA), Finance (FIN2FIN), Investment and Portfolio Management (FIN3IPM)

Recent Publications

B.A. Cardak and C. Ryan, (forthcoming), “Participation in Higher Education in Australia: Equity and Access”, The Economic Record .

B.A. Cardak and R. Wilkins, (2009), “The Determinants of Household Risky Asset Holdings: Australian Evidence on Background Risk and Other Factors”, The Journal of Banking and Finance 33, 850-860. doi:10.1016/j.jbankfin.2008.09.021

Ulubasoglu, M.A. and B.A. Cardak, (2007), "International Comparisons of Rural-Urban Educational Attainment: Data and Determinants", European Economic Review 51(7), 1828-1857. ( doi:10.1016/j.euroecorev.2006.11.003)  

Moosa, I.A. and B.A. Cardak, (2006), "The Determinants of Foreign Direct Investment: An Extreme Bounds Analysis", Journal of Multinational Financial Management 16, 199-211.  

Cardak, B.A. (2005), "Education Vouchers, Growth and Income Inequality", Macroeconomic Dynamics 9(1), 98-121.  

Cardak, B.A. (2004), "Education Choice, Neoclassical Growth and Class Structure", Oxford Economic Papers 56(4), 643-666.  

Cardak, B.A. (2004), "Ability, Education and Income Inequality", Journal of Public Economic Theory 6 (2), 239-276.  

Cardak, B.A. and J.T. McDonald (2004), "Neighborhood Effects, Preference Heterogeneity and Immigrant Educational Attainment", Applied Economics 36(6), 559-572.  

Cardak, B.A. (2004), "Education Choice, Endogenous Growth and Income Distribution", Economica 71, 57-81.  

Cardak, B.A. and Hone, P. (2003), "Government subsidies for private community services: The case of school education", Agenda 10(2), 129-144.