Michael R. Donihue

Professor of Economics, to the Herbert E. Wadsworth 1892 Professorship in Economics; Associate Vice President for Academic Affairs and Associate Dean of Faculty, 2008-2010

Box 5232

Phone: 207-859-5232
Fax: 207-859-5229
Mailing Address:
5232 Mayflower Hill
Waterville, Maine 04901-8852
Donihue, Michael R.


Ph.D. University of Michigan, 1989 (Economics)
M.A. University of Michigan, 1983 (Applied Economics)
B.A. Colby College, 1979 (Economics)

Areas of Expertise

  • Econometric modeling for policy analysis and forecasting
  • Macroeconomic policy

Courses Currently Teaching

CourseCourse Title
EC278 AJoules to Dollars
EC393 AEconometrics
EC393 BEconometrics
EC473 ASeminar: Economic Forecasting

Other Courses Taught

CourseCourse Title
EC345Research in Economics


Teaching Areas
Economic Forecasting
Macroeconomic Theory
Macroeconomic Principles
Mathematical Economics

Professional Information

Work Experience
Professor of Economics, Colby College, 2007-present
Associate Vice President for Academic Affairs and Associate Dean of Faculty, 2008-2011
Associate Professor of Economics, Colby College, 1996-2007
Assistant Professor of Economics, Colby College, 1989-1996
Visiting Scholar, Research Department, Federal Reserve Bank of Boston, 2004-2005
Senior Economist, Council of Economic Advisers, Washington, D.C., 1994-1995
Dana Fellow, Yale University, 1992

Maine Health Access Foundation, Grants Committee member, 2012 – present
Maine Consensus Economic Forecasting Commission, 1992-2009
CEME Model Comparison Seminar, 1985-1994, 1995-1998 (chair)

Consulting Activities
Analysis of attorney fees following the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 funded by the American Bankruptcy Institute, 2011.
Maine Development Foundation: Economic impact assessment of the current healthcare delivery system in the Kennebec Valley Region, 2008
Central Maine Power Company 1998, 2000-2002, 2006, 2010 (Demand Elasticity Estimation, Forecast Evaluation, Testimony before the Public Utilities Commission)
PGE Energy Trading, 2000 (Electricity Demand Forecasting)
Maine State Planning Office, 1999 (Economic Forecasting & Policy Analysis)
McCain Foods, 2002 (French Fry Market Demand Analysis & Contract Arbitration Testimony)

Current Research

“The Relative Importance of Housing Wealth in the Retirement Saving Decision,” (with Caroline Theoharides).

“The Impact of BAPCPA on Consumer Bankruptcy Costs,” (with Lois Lupica).

“Secured and Unsecured Distributions to Creditors: The Impact of BAPCPA,” (with Lois Lupica)

Statistical Abstract for the Belgrade Lakes Watershed

Economic Impact Study of the Belgrade Lakes Watershed: A Survey of Household Spending, Employment, and Ecosystem Resource Awareness


Working Papers, Forecasts & Statistical Abstracts

Meeting the Standards: An Analysis of Eighth Grade Educational Assessment Test Scores in Maine

Colby Economic Outlook

Statistical Abstracts for the Greater Waterville Area


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