George M. Palumbo, PhD Professor of Economics and Finance

George M. Palumbo, PhD

PhD, economics, The Maxwell School of Citizenship and Public Affairs, Syracuse University
MS, economics, The Maxwell School of Citizenship and Public Affairs, Syracuse University
BA, Hobart College

Phone: (716) 888-2667

Dr. Palumbo strives to help students link the study of economics to “the world they know.” His skill in explaining complex ideas simply and clearly is one reason his students hold him in high regard. Their respect for him was evidenced by his selection for the 1999 Kenneth L. Koessler Distinguished Faculty Award, given by the Canisius College Alumni Association.

Dr. Palumbo is often called upon by the news media to help the public understand the economic impact of current events. The same goal is advanced through his work in producing the Western New York Economic News, an online publication that provides quarterly updates on issues related to the local, state, and national economies.  The newsletter is a collaborative effort with Dr. Mark Zaporowski, Canisius College professor of economics and finance.

The diversity of Dr. Palumbo’s scholarly interests is reflected in the book he co-authored with Seymour Sacks of the Maxwell School at Syracuse University about the history of the African-American community of Syracuse, New York to his collaborative efforts with colleagues Richard Shick and Mark Zaporowski attempting to identify the factors affecting a municipal government’s credit rating. He also has examined such topics as economic growth and decline in metropolitan areas, has analyzed the economic impact of the various activities in WNY, and the privatization of local public service.  He has conducted research for the U.S. Department of Agriculture, the City of Buffalo, the National Academy of Science, HUD, and other agencies and organizations.

Dr. Palumbo served on the State of the Region Task Force, assisting in the identification of regional economic indicators. He also has been involved in a study of minority business activity in Buffalo for the Empire State Development Corporation. His service to the college has included membership on the Faculty Senate and the Student Affairs Advisory Committee.  Dr. Palumbo has analyzed the fiscal disparities between cities and their suburbs for the US Department of Housing and Urban Development and is currently looking at the underlying causes of fiscal stress and how they affect a community’s ability to access the credit market.