Dr. David Loomis

Professor of Economics
  • BIOGRAPHY
  • I am Professor of Economics at Illinois State University. I joined the Department in 1996 after almost 12 years of work at Bell Atlantic (now called Verizon). I was tenured and promoted to Associate Professor in 2002 and promoted to Full Professor in 2010. I am also Executive Director of the Institute for Regulatory Policy Studies (IRPS).
  • CURRENT COURSES
  • ECO 335.Sec 001 Economics Of Regulation And Antitrust
  • ECO 436.Sec 001 Seminar In Regulatory Policy
  • ECO 300.Sec 001 Senior Project
  • TEACHING INTERESTS
  • Regulatory Economics, Renewable Energy, Telecommunications, Forecasting
  • RESEARCH INTERESTS
  • Regulatory Economics, Industrial Organization, Telecommunications, Forecasting, Demand Analysis, Applied Econometrics
  • Ph D Economics - 1995
  • Temple University
  • Philadelphia, PA
  • SELECTED PUBLICATIONS
  • Tegen, S., Keyser, D., Flores-Espino, F., Miles, J., Zammit, D. and Loomis, D. (2015). Offshore Wind Jobs and Economic Development Impacts in the United States: Four Regional Scenarios, National Renewable Energy Laboratory Technical Report, NREL/TP-5000-61315, February.

  • Loomis, D. G. and Bowden, N. S.  (2013). Nationwide Database of Electric Rates to Become Available, Natural Gas & Electricity, 30 (5), 20-25.

  • Jin, J. H., Loomis, D. G., and Aldeman, M. R. (2013). Optimum penetration of utility-scale grid-connected solar photovoltaic systems in Illinois, Renewable Energy, 60, 20-26.

  • Malm, E., Loomis, D. G., DeFranco, J. (2012). A Campus Technology Choice Model with Incorporated Network Effects: Choosing Between General Use and Campus Systems, International Journal of Computer Trends and Technology, 3(4), 622-629.

  • Hickey, E., Loomis, D. G., & Mohammadi, H. (2012). Forecasting hourly electricity prices using ARMAX-GARCH models: An application to MISO hubs, Energy Economics, 34, 307-315.

  • Chupp, B. A., Hickey, E.A. & Loomis, D. G. (2012). Optimal Wind Portfolios in Illinois, Electricity Journal, 25, 46-56.

  • Theron, S., Winter, J.R, Loomis, D. G., & Spaulding, A. D. (2011).  Attitudes Concerning Wind Energy in Central Illinois. Journal of the America Society of Farm Managers and Rural Appraisers, 74, 120-128.

  • Payne, J. E., Loomis, D. G. & Wilson, R. (2011). Residential Natural Gas Demand in Illinois:  Evidence from the ARDL Bounds Testing Approach.  Journal of Regional Analysis and Policy, 41(2), 138.

  • Carlson, J. L., Payne, J. E., & Loomis, D. G. (2010). An assessment of the Economic Impact of the Wind Turbine Supply Chain in Illinois. Electricity Journal, 13, 75-93.

  • Apergis, N., Payne, J. E., & Loomis, D. G. (2010). Are fluctuations in coal consumption transitory or permanent? Evidence from a panel of U.S. states. Applied Energy, 87, 2424-2426.

  • Loomis, D. G. & Ohler, A. O. (2010). Are Renewable Portfolio Standards A Policy Cure-all?  A Case Study of Illinois’s Experience. Environmental Law and Policy Review, 35, 135-182.

  • Apergis, N., Payne, J. E., & Loomis, D. G. (2010). Are shocks to natural gas consumption transitory or permanent? Energy Policy, 38, 4734-4736.

  • Gil-Alana, L. A., Loomis, D. G., & Payne, J. E. (2010). Does energy consumption by the U.S. electric power sector exhibit long memory behavior ? Energy Policy, 38, 7512-7518.

  • Hickey, E. A., Carlson, J. L., & Loomis, D. G. (2010). Issues in the determination of the optimal portfolio of electricity supply options. Energy Policy, 38, 2198-2207.

  • Loomis, D. G., (2008). The telecommunications industry. In H. Bidgoli (Ed.), The handbook of computer networks (pp. 3-19). Hoboken, NJ: John Wiley & Sons.

  • Carlson, J. L., & Loomis, D. G. (2008). An assessment of the impact of deregulation on the relative price of electricity in Illinois. Electricity Journal, 21, 60-70.

  • Cox, J. E., Jr., & Loomis, D. G. (2007). A managerial approach to using error measures in the evaluation of forecasting methods. International Journal of Business Research, 7, 143-149.

  • Cox, J. E., Jr., & Loomis, D. G. (2006). Improving forecasting through textbooks – a 25 year review. International Journal of Forecasting, 22, 617-624.

  • Swann, C. M., & Loomis, D. G. (2005). Competition in local telecommunications – there’s more than you think. Business Economics, 40, 18-28.

  • Swann, C. M., & Loomis, D. G. (2005). Intermodal competition in local telecommunications markets. Information Economics and Policy, 17, 97-113.

  • Swann, C. M., & Loomis, D. G. (2004) Telecommunications demand forecasting with intermodal competition – a multi-equation modeling approach. Telektronikk, 100, 180-184.

  • Cox, J. E., Jr., & Loomis, D. G. (2003). Principles for teaching economic forecasting. International Review of Economics Education, 1, 69-79.

  • Taylor, L. D. & Loomis, D. G. (2002). Forecasting the internet: understanding the explosive growth of data communications. Boston: Kluwer Academic Publishers.

  • Wiedman, J. & Loomis, D. G. (2002). U.S. broadband pricing and alternatives for internet service providers. In D. G. Loomis & L. D. Taylor (Eds.), Forecasting the internet: understanding the explosive growth of data communications. Boston: Kluwer Academic Publishers.

  • Cox, J. E., Jr. & Loomis, D. G. (2001). Diffusion of forecasting principles: an assessment of books relevant to forecasting. In J. S. Armstrong (Ed.), Principles of Forecasting: A Handbook for Researchers and Practitioners (pp. 633-650). Norwell, MA: Kluwer Academic Publishers.

  • Cox, J. E., Jr. & Loomis, D. G. (2000). A course in economic forecasting: rationale and content. Journal of Economics Education, 31, 349-357.

  • Loomis, D. G. (1999). Forecasting of new products and the impact of competition. In D. G. Loomis & L. D. Taylor (Eds.), The future of the telecommunications industry: forecasting and demand analysis. Boston: Kluwer Academic Publishers.

  • Malm, E. & Loomis, D. G. (1999). Active market share: measuring competitiveness in retail energy markets. Utilities Policy, 8, 213-221.

  • Loomis, D. G. (1997). Strategic substitutes and strategic complements with interdependent demands. The Review of Industrial Organization, 12, 781-791.

  • PRESENTATIONS
  • FUNDED GRANTS
  • Cross-Disciplinary Team Research Award
  • Illinois State University
  • 2016
  • Midwestern Regional Wind Advocacy Award
  • U.S. Department of Energy
  • 2011
  • Million Dollar Club
  • Illinois State University Research and Sponsored Programs
  • 2009
  • Scott M. Elliott Faculty Excellence Award
  • Illinois State University Economics Department
  • 2009
  • Outstanding State Wind Working Group Award
  • U. S. Department of Energy
  • 2008
  • Teaching Initiative Award
  • Illinois State University
  • 1999