Close Menu
Rafael Acevedo, Dr.

Program Manager

Instructor, Economics & Finance

Rafael Acevedo


Institute for Economic Inquiry
Economics & Finance - Business
Heider College of Business
Harper - 4007A

Rafael Acevedo, Dr.

Program Manager

Instructor, Economics & Finance

Rafael arrived at Creighton in June 2021. His main role at the university is serving as the Program Manager of the Menard Family Institute for Economic Inquiry (MIEI) and Director of the Business Research Fellow Program. In addition to his managerial responsibilities, he adjuncts an economics class each semester. During the Fall of 2021, he taught Introductory Microeconomics; from the Spring of 2022, he has been instructing Introductory Macroeconomics.

Rafael is originally from Venezuela, having spent his entire life there. In March 2018, he was compelled to leave Venezuela due to many political and economic challenges.

In his country of origin, he founded a think tank dedicated to promoting economic and political freedom, with a particular emphasis on free-market principles. He was an Associate Professor (tenured) at Universidad Centroccidental Lisandro Alvarado in Barquisimeto Lara State. Over more than 15 years, he engaged in teaching, research, and outreach activities in his country. His academic background includes an Associate degree in Administration of Physical and Financial Resources, a BS in Accounting, an MSc in Economics -marking the point at which he directed all his research efforts toward this fascinating field- and a Doctorate in Management.

From his arrival in the USA (March 2018) until September 2018, Rafael worked at a fertilizer factory as an "organic material shoveler." After this experience, he started at Texas Tech University as a Visiting Research Associate at the Free Market Institute where he spent 3 years before his job at Creighton.

Now he lives in the historical downtown of Papillion with his wife, 2 children, and his Siberian Husky.


  • Ph.D. in Management. 2013. Universidad Yacambú. Venezuela.
  • Msc in Economics, concentration Economic Policies. 2010. Universidad de Los Andes. Venezuela.
  • Bachelor’s in Public Accounting. Universidad Centroccidental Lisandro Alvarado. 2003. Venezuela.
  • Associate in Administration of Physical and Financial Resources. Colegio Universitario Fermín Toro. 1999. Venezuela.

Research Focus

Economic Freedom; Economic Growth & Development; Institutional Economics; Behavioral Economics; Applied Econometrics



5) “The Role of Fiscal Dependency in Political Development Fiscal Independence from Electoral Accountability.” With Hugo Faria, Hugo Montesinos, and Carlos Navarro. KSP-Books. Available:

4) “The Cost of Free Stuff: Your Freedom” May 2021. KDP-Amazon. ISBN ‎ 979-8572298062

3) “Prosperity & Liberty: What Venezuela Needs…” May 2019. KDP-Amazon. ISBN: 978-10-9350-703-4

2) “Managerial and Costs Accountancy: With an Austrian Economic School Approach”. Legal Deposit: LA2019000016. ISBN: 978-980-7910-00-2. Editorial Econintech. Venezuela. (Spanish)

1) “Causes and Culprits of the Economic Disaster in Venezuela. A tribute to Hugo Faría”. 2018. Editorial Círculo Rojo. Spain. ISBN: 978-84-9183-905-7 (Spanish)

    Academic Articles in Peer-Reviewed Journals

25) “The Short-Run Consequences of Economic Freedom Erosion in Latin American Countries: An Unorthodoxal Experimental Review for the XXI Century”. With María Lorca-Susino. CEPAL Review (journal of the ECLAC). Presented in LASA-2021, LASA-2022. Forthcoming.

24) “Shock determination in a Two-Stage Decision Making Model: The case of Covid-19 in Colombia.” With Pedro Harmath, Jose Mora, Raquel Puente, Elvis Aponte. Journal of Managerial Decision Economics. Vol. 43(6), pp. 2587-2597. DOI:

23) “The Government Spending Multiplier in Latin American Countries: Does the Institutional Environment Matter?”. With Jose U. Mora and Andrew T. Young. Journal of Financial Economic Policy. Vol. 14(4), pp. 476-490. DOI:

22) “European Union Oil Dependency: A Threat to Economic Growth and Diplomatic Freedom.” With María Lorca-Susino. International Journal of Energy Sector Management. Vol. 15(5), pp. 987-1006. DOI:

21) “Venezuela: The Downfall of Promise.” With Walter Block, and Christian Hanson. Estudios Libertarios. Early View: ResearchGate

20) “Growth and Institutions in Latin American Countries: An Experimental Review for the XXI Century”. 2021. With María Lorca-Susino. Revista De La Facultad De Jurisprudencia – Ecuador, Vol 9. Pp: 119-149.

19) “Rational Irrationality: A Two-Stage Decision Making Model”. With Elvis Aponte, Pedro Harmath, and Jose U. Mora. Advances in Decision Sciences, Vol. 25, Issue 1, March 2021. DOI:

18) “Desocialization of Taxes: A Taxation System Proposal for Venezuela”. With Luis Cirocco, and María Lorca-Susino. Estudios Libertarios, Vol. 3, 2020. Presented in the Libertarian Scholars Conference, New York 2019. Available:

17) “Desocialization of Enterprises: Empowering Venezuelans”. 2019. With Luis Cirocco, and María Lorca-Susino. The Quarterly Journal of Austrian Economics. Vol. 22, No. 2, Pp. 271-297. Presented at the Austrian Economics Research Conference, Auburn, Alabama. March, 2019. DOI:

16) “Fiscal Policy Effects and Capital Mobility in Latin America Countries”. Journal of Economic Integration,Vol. 34, No. 1, March 2019. Pp 159 – 188. DOI:

15) “Multipoverty in Venezuela: A Libertarian Approach”. MISES: Interdisciplinary Journal of Philosophy, Law, and Economics. With: Luis Cirocco and Fernando D’Andrea. DOI:

14) “The Price of Crime: How Crime Affects Private Investment in South America”. Economía & Región. Vol. 9, No. 2, pp: 47-74. Cartagena, Colombia. 2015. With: Mónica García-Pérez. Available:

13) “Political Perception of Poverty: A Multi-Method Analysis of Contemporary Venezuela”. Cayapa, Año 15, Nro. 30, pp. 49-65. Universidad de Los Andes. Venezuela. 2015. With Omaira Peña; Pedro Harmath and Monica García-Pérez. (Spanish)

12) “Descriptive Analysis of Venezuelans’ consumption, savings and incomes during the V Republic”. Sapienza Organizacional. Año 2, No. 3, pp: 7-30. Mérida, Venezuela. 2015. With Yasmin Sanchez (Spanish)

11) “Managerial Accounting and the Emerging Decision Making in the Universidad Politecnica Territorial Andres Eloy Blanco from Barquisimeto Lara State: a Phenomenological Approach”. Visión Gerencial, N° 1, 2014, Venezuela. With: Jose M. Rueda (UPTAEB-Venezuela) and Neley Rueda (UPEL-IPB-Venezuela). (Spanish)

10) “The Decision Making Process: A Behavioral Economics Model”. 2013. MPRA. Working Paper. (Spanish)

9) “Potential GDP in Venezuela: A SVAR Approach 1998-2008”. Journal Desarrollo y Sociedad. UNIANDES – Colombia. First Semester 2013, N° 71, P 43-81; With José U. Mora M. and Pedro Harmath. (Spanish)

8) “Poverty: perceptions and approaches. An analysis for Venezuela”. Journal Nomadas of Universidad Complutense de Madrid, Spain. With: Omaira Peña and Pedro Harmath. Special Issue America Latina 2013. (Spanish)

7) “Total Poverty in Venezuela: An Approach of its Economical Determinants”. Anales de Economia Aplicada 2010. ASEPELT-España. N° XXIV. ISBN: 978-84-92954-15-5. P 229-251; With Pedro Harmath. (Spanish)

6) “Saving and Opennes as Determinants of Investment in Latin America during the 20th Century”. Revista Economía y Desarrollo de la Universidad Autónoma de Colombia. March 2010, Vol. 9, N° 1. P 67 – 86. With Jose U. Mora Mora and Pedro Harmath. (Spanish)

5) “Economical Determinants of Total Poverty in Venezuela: 1975 – 2000”. Economia. N° 28. 2nd Ed. 2009. With Pedro Harmath. (Spanish)

4) “Considerations on the relationship between private investment and social political factors in Venezuela and Latin America”. Compendium. N° 22. July 2009. (Spanish)

3) “Managerial Efficiency: An Empirical Approach to Measure and Evaluate the Electrical Sector of Venezuela”. Vision Gerencial. N° 1, Pp 18 – 29. 2009. (Spanish)

2) “Philosophical Implications of Managerial Efficiency”. Vision Gerencial. N° 2. Pp 217 – 226. 2008. (Spanish)

1) “Socio-political and Judicial Factors as Determinants of Private Investment in Latin America”. Economía. N° 26. 2nd Ed. 2008. P 93-118. With Jose U. Mora Mora. (Spanish)

Research Works in Process

10) “Let's Be Free: The Case of the Asymmetric Effects of Economic Freedom” With Maria Lorca-Susino, and Jose Mora.

9) “The Insidiousness of Mercantilism: Empirical Evidence” With Hugo Faria, Hugo Montesinos, and Olga Montesinos. Accepted to be presented in SEA-2022

8) “The Euro as a Common, International, and Global Currency in the 21st Century” With Maria Lorca-Susino. Accepted to be presented in SEA-2022

7) “The Unfree, the Freer, and the Government: Economic Freedom and the Fiscal Multiplier”. With Maria Lorca-Susino and Jose U. Mora. Accepted to be presented in SEA-2022. Received an RR at the Journal of Government and Economics

6) “Political Economy and Public Opinion: The case of Venezuela”. With Andres Marroquin and Antonio Saravia. Accepted to be presented in APEE-2022 and SEA-2022

5) “Economic Freedom and Unauthorized Immigration: A Relationship Evidence”. With Juan Manuel Bogado. Working Paper available on SSRN. Under Review

3) “A State-Level Innovation Index proposal for the USA”. With Pedro Harmath, Jose Mora, and Jorge Romero-Habeych. Available on SSRN. Under Review

2) “Populism in the EU: A General Review”. With María Lorca-Susino.

1) “Entrepreneur in a Critical Economy: The Need of a Latin-American School of Entrepreneurship. The Economic and Social Impact of Econintech’s School of Entrepreneurship in Lara State, Venezuela.” With Juan C. Correa, Jorge Romero-Habeych, and Joel Torrez.


University courses taught in the USA (at Creighton University, University of Illinois Springfield, and Western New Mexico University):

  •     Macroeconomics in a Global Economy (Macro Intermediate –  100% On-Line).
  •     Introduction to Personal Financial Planning (100% Online)
  •     Introductory Microeconomics (In-Classroom & 100% Online).
  •     Introductory Macroeconomics (In-classroom & 100% Online).

University courses taught in Venezuela:

  •    Basic, Intermediate, and Advanced Accounting; Economic Theory; Microeconomics, Macroeconomics; International Trade; Public Budget; Applied Statistics; Advisor of Undergraduate Thesis. (In the Public Accountancy, Public Administration, Business Administration, and Management undergraduate programs)
  •    Managerial and Costs Accountancy; Basic Accountancy; Management; Economic Theory. (In the Production Engineering, and Computer Sciences, undergraduate programs)
  •     Management and Organizations in Venezuela; Public Finances; Quantitative Research Methods. (In the Master of Business & Finance, and Doctorate in Management programs)