Mark C. Kelly
Clinical Associate Professor

Professional Summary
Mark Kelly joined the Department of Economics in the Hankamer School of Business at Baylor University in 2015, where he is currently serving as a clinical assistant professor. Kelly's research has concentrated on macroeconomic analysis of healthcare systems, the role of demographics in determining the efficiency of entitlement programs such as Social Security and Medicare, and the effectiveness of foreign aid. His work has been published in Economic Inquiry, the Journal of Macroeconomics and public finance review.
Kelly specializes in teaching macroeconomics, having taught macroeconomic theory at the principles, intermediate and master’s level in both traditional face-to-face and online settings.
Education
- 2015 – PhD, Economics, University of Georgia, Athens, Georgia
- 2010 – BS, Economics, Arizona State University, Tempe, Arizona
Courses
- ECO 2307 – Principles of Macroeconomics
- ECO 3307 – Intermediate Macroeconomic Analysis
- ECO 5310 – Macroeconomic Analysis in the Global Economy
Research Interests
- Demographics and entitlement reform
- Macroeconomic analysis of healthcare policy
- Foreign aid, healthcare and development
Selected Publications
- Kelly, M.C. (2017). “Health Capital Accumulation, Health Insurance, and Aggregate Outcomes: A Neoclassical Approach,” Journal of Macroeconomics 52, 1-22.
- Kelly, M.C. (2020). “Medicare For All or Medicare For None? A Macroeconomic Analysis of Healthcare Reform,” Journal of Macroeconomics 63, 103170.
- Chatterjee, S., M.C. Kelly, and S.J. Turnovsky (2022). "Foreign Aid, Public Investment, and the Informal Economy," Economic Inquiry 60(1), 174-201.
- Kelly, M.C. (2022). “Growth and Welfare Implications of Mortality Differentials in Unfunded Social Security Systems,” Public Finance Review 50(2), 206-235.
- Kelly, M.C. and M. Kuhn (2022). “Congestion in a Public Health Service: A Macro Approach,” Journal of Macroeconomics 74, 103451

Foster Business and Innovation 320.31
Foster Campus for Business
Waco, TX 76706