Contact Information


Dr. Risa Kumazawa is the Associate Dean for Academic Systems and Accreditation as well as Associate Professor of Economics at the Palumbo-Donahue School of Business.

She has previously served as Department Chair of Economics and Finance at Duquesne, a Principal Investigator of an Office of Naval Research grant, and a Confidential Data Researcher with the Bureau of Labor Statistics.

Dr. Kumazawa currently serves as President of the Economic Club of Pittsburgh. She is also a member of the American Economic Association and the Eastern Economic Association.

Her recent speaking engagements have included the Federal Reserve Bank of Cleveland, KPMG Banking Symposium, NACD Three Rivers, Association for Corporate Growth (ACG), Pittsburgh Venture Capital Association (PVCA), Turnaround Management Association (TMA), Commercial Real Estate Development Association (NAIOP) and Building Owners and Managers Association International (BOMA).  

She has made media appearances for KDKA-TV, WPXI-TV, WTAE-TV, PCNC, KDKA-Radio, 90.5 WESA, WMBA Beaver County Radio, the Pittsburgh Post-Gazette, the Tribune Review, the Beaver County Times, and the U.S. News and World Report.

Her research has been published in a number of scholarly journals including Applied Economics and Manchester School.


  • Ph.D., Economics, Econometrics and Labor Economics, University of Texas at Austin
  • M.S., Economics, Illinois State University
  • B.A., Economics with Research Honors, Illinois Wesleyan University 

Profile Information

  • Best Reviewer Award, Journal of African Business, 2018

Articles in Journals

Kumazawa, R., & Query, J. T. (2023). The Persistence of Uninsured Motorists: The Impact of Undocumented Immigrants and Driver's Licenses. Journal of Insurance Issues, 46(1), 73-99.

Kumazawa, R. & Gomis Porqueras, P. (2012).  An Empirical Analysis of Patent Flows and R&D Flows around the World. Applied Economics, 44 (36), 4755-4763.  

Kumazawa, R. & Callaghan, M. S. (2012).  The Effect of the Kyoto Protocol On Carbon Dioxide Emissions. Journal of Economics and Finance, 36 (1), 201-210.  

Kumazawa, R. & Query, J. T. (2011).  Examining the Impact of Issuing Driver's Licenses to Undocumented Immigrants and Other Socioeconomic Factors on the Percentage of Uninsured Motorists. Journal of Insurance Regulation, 30, 261-286.  

Kumazawa, R. (2010).  Promotion Speed and Its Effect on Attrition of Navy Enlisted Personnel: Addressing Heterogeneity in High School Credentials. Applied Economics, 42 (20), 2563-2576.  

Kumazawa, R., Query, J. T., & Yanochik, M. A. (2010).  A Real-Options Approach to Post-Hurricane Loss Valuation of Damaged Property: Rebuild or Repair? Asia Pacific Journal of Risk and Insurance, 5 (1), Article 4.  

Kumazawa, R. &  Yanochik, M. A. (2009).  Interest Rate Manipulation, Environmental Damage and Loss Valuation. Journal of Business Valuation and Economic Loss Analysis, 4 (2), Article 8.  

Kumazawa, R., Park, J. & Query, J. (2008). Service Quality in Homeowners Insurance. Pravartak Journal of Insurance and Risk Management, (3), 3.

Kumazawa, R. & Payne, J. E. (2006). Capital Mobility and Feldstein-Horioka Puzzle: Re-Examination of LDCs. Manchester School, 74 (5), 610-616.

Kumazawa, R. & Payne, J. E. (2005).  Additional Panel Data Evidence on the Savings-Investment Relationship and Foreign Aid in LDCs. Frontiers in Finance and Economics, 2 (2), 58-65.  

Kumazawa, R & Payne, J. E. (2005). Capital Mobility, Foreign Aid, and Openness: Panel Data Evidence from Sub-Saharan Africa. Journal of Economics and Finance, 29 (1), 123-127.  

Kumazawa, R. & Seeborg, M. C. (1996). Teen Mothers and Their Educational Attainment: Some Evidence from the National Longitudinal Survey of Youth. Journal of Economics, 22 (1), 95-104.  


Kumazawa, R. (2017). Patenting in the Pharmaceutical Industry. In Prabu, S.L. and Suriyaprakash, T.N.K. (Eds.), Intellectual Property. InTech. 

Kumazawa, R. (2012). The Effect of Organic Farms on Global Greenhouse Gas Emissions, Greenhouse Gases (Book 1). In Tech.

Kumazawa, R. (2010). Instructor’s Manual (2nd edition) Accompanying Economics for Managers (2nd edition) by Paul Farnham: Prentice Hall.