Publications by Economics Faculty since 2012



  • Kesarwani, P. and Dutta, J. (2019), Charnes-Cooper Scalarization and Convex Vector Optimization, Optimization Letters, DOI: 10.1007/s11590-019-01502-0

  • Shukhal, P.A., Dutta, J., and Kesarwani. P. (2019), On a Practical Notion of Geoffrion Proper Optimality in Multicriteria Optimization, Optimization, DOI: 10.1080/02331934.2019.1613403

  • Nirola, N. and Sahu, S. (2019), The Interactive Impact of Government Size and Quality of Institutions on Economic Growth – Evidence from the States of India, Heliyon, 5(3), Article No 1352.

  • Saakshi, Sahu, S., and S. Chattopadhyay. (2019), Epidemiology of Inflation Expectations and Internet Search: An Analysis for India, Journal of Economic Interaction and Coordination, (Forthcoming)

  • Frijters, P., Islam, A. and Pakrashi, D. and Lalji, C. (2019), Roommate Effects in Health Outcomes, Health Economics (Accepted).

  • Frijters, P., Islam, A. and Pakrashi, D. (2019), "Heterogeneity in Peer Effects in Random Dormitory Assignment in a Developing country," Journal of Economic Behavior and Organization (Accepted).

  • Lyngdoh, G. A., Rahman, M.A., and Mishra, S.K. (2019), "Bayesian Updating of Structural Model with a Conditionally Heteroscedastic Error Distribution," Journal of Engineering Mechanics-ASCE (Accepted).

  • Singh, J., Ahmad, W., and Mishra, A. (2019), "Coherence, Connectedness and Dynamic Hedging Effectiveness between Emerging Markets Equities and Commodity Index Funds". Resources Policy, In Press.

  • Rahman, M.A., and Karnawat, S. (2019), "Flexible Bayesian Quantile Regression in Ordinal Models," Advances in Econometrics, 40B, 211-251.

  • Rahman, M.A., and Vossmeyer, A. (2019), "Estimation and Applications of Quantile Regression for Binary Longitudinal Data," Advances in Econometrics, 40B, 157-191..

  • Singh, M. K., and Mukherjee, D. (2019), "Drivers of Greenhouse Gas Emissions in the United States: Revisiting STIRPAT Model," Environment, Development and Sustainability, forthcoming.

  • Jha, S., and Sahu, S. (2019), "An Analysis of Heterogeneity in Inflation Expectations across Cities in India," Journal of Economic Studies, forthcoming.

  • Nirola, N., and Sahu, S. (2019), "Revisiting the Wagner’s law for Indian States using Second Generation Panel Cointegration," Economic Change and Restructuring, forthcoming.


  • Ranjan, A. and Mukherjee, D. (2018), "Assessing the Linkage between Dairy Productivity Growth and Climatic Variability: The case of New York State," Open Agriculture, 3, 658–669.

  • Aussel, D., Dutta, J., and Xu, A.C. (2018), "The Dual Gap Function and Error Bounds for Strongly Monotone Variational Inequalities," Journal of Convex Analysis, 25 (4), 1121-1138.

  • Lohawala, N., and Rahman, M.A. (2018), "Are Strategies for Success Different in Test Cricket and One-day Internationals? Evidence from England-Australia Rivalry," Journal of Sports Analytics, 4(3), 175-191.

  • Ahmad, W., Mishra, A. V., and Daly, K. J. (2018), "Financial Connectedness of BRICS and Global Sovereign Bond Markets". Emerging Markets Review, 37, 1-16.

  • Chattopadhyay, S., and Sahu, S. (2018), "A Simple Model of Currency Notes Withdrawal," Theoretical Economics Letters, 8, 3196-3202.

  • Ahmad, W., Mishra, A. V., and Daly, K. J. (2018), "An Examination of Heterogeneous Dependence and Dynamic Hedging between Sectors of BRIC and Global Markets". International Review of Financial Analysis, 59, 117-133.

  • Sahu, S. (2018), "Business Cycle Accounting for India in a Multi-sector Dynamic General Equilibrium Model," Journal of Developing Areas, 52, 211-234.

  • Ahmad, W., Sadorsky, P., and Sharma, A. (2018), "Optimal Hedge Ratios for Clean Energy Equities". Economic Modelling, 72, 278-295.

  • Ahmad, W., and Rais, S. (2018), "Time-Varying Spillover and the Portfolio Diversification Implications of Clean Energy Equity with Commodities and Financial Assets". Emerging Markets Finance and Trade, 54(8), 1837-1855.

  • Ahmad, W., and Sharma, S. K. (2018), "Testing Output Gap and Economic Uncertainty as an Explicator of Stock Market Returns". Research in International Business and Finance, 45, 293-306.

  • Ahmad, W., Rais, S., and Shaik, A. R. (2018), "Modelling the Directional Spillovers from DJIM Index to Conventional Benchmarks: Different this Time?" The Quarterly Review of Economics and Finance, 67, 14-27.

  • Ahmad, W., and Sehgal, S. (2018), "Business Cycle and Financial Cycle Interdependence and the Rising Role of China in SAARC". Journal of Quantitative Economics, 16(2), 1-26.

  • Chakraborty, T., Mukherjee, A., Rachanapally, S., and Saha, S. (2018), "Stigma of Sexual Violence and Women's Decision to Work," World Development, 103, 226-238.


  • Ahmad, W. (2017), "On the Dynamic Dependence and Investment Performance of Crude Oil and Clean Energy Stocks". Research in International Business and Finance, 42, 376-389.

  • Nain, M. Z., Ahmad, W., and Kamaiah, B. (2017), "Economic Growth, Energy Consumption and CO2 Emissions in India: a Disaggregated Causal Analysis". International Journal of Sustainable Energy, 36(8), 807-824.

  • Dutta, J. (2017), "Optimality Conditions for Bilevel Programming: An Approach through Variational Analysis," in Generalized Nash Equilibrium Problems, Bilevel Programming and MPEC, edited by Aussel, D. and Lalitha, C.S., 43-64. Springer, Singapore.

  • Dutta, J., Kesarwani, P., and Gupta, S. (2017), "Gap Function and Error Bounds for Nonsmooth Convex Vector Optimization Problem," Optimization, 66(1), 1807-1836.

  • Lalji, C., Pakrashi, D.and Smyth, R. (2017), "Can eating five fruit and veg a day really keep the doctor away?" Economic Modelling, 70, 320-330.

  • Mathur, S.K., Arora, R. and Singh, S. (Eds.) (2017), Theorizing International Trade: An Indian Perspective.Palgrave Macmillan.

  • Jones, J.B. and Sahu, S. (2017), "Transition accounting for India in a multi-sector dynamic general equilibrium model,"Economic Change and Restructuring, 50 (4), 299-339.

  • Frijters, P. and Pakrashi, D. (2017), "Migration and Discrimination in Urban China: A Decomposition Approach," Review of Income and Wealth, 63 (4), 821-840.

  • Charitha, C., Dutta, J.and Luke, D.R. (2017), "Lagrange Multipliers, (Exact) Regularization and Error Bounds for Monotone Variational Inequalities," Mathematical Programming (Series A), 161, 519-549.


  • Chakraborty, T.and Bakshi, S.K. (2016), "English Language Premium in a Globalizing Economy: Evidence from a Policy Experiment in India," Economics of Education Review, 50, 1-16.

  • Islam, A., Maitra, C., Pakrashi, D.and R. Smyth (2016), "Microcredit Program Participation and Household Food Security in Rural Bangladesh," Journal of Agricultural Economics, 67, 448-470.

  • Tsvetanov, T., Qi, L., Mukherjee, D., Shah, F.A. and Bravo-Ureta, B.E. (2016), "Climate change and land use in Southeastern U.S.: Did the "dumb farmer" get it wrong?" Climate Change Economics, 7, 1–35.

  • Bhattacharya, S., Saha, S.and Banerjee, S. (2016), "Income Inequality, Club Formation and the Quality of Public Good: A Developing Country Perspective," Journal of Development Economics, 123, 1-17.

  • Borwein, J.M. and Dutta, J. (2016), "Maximal Monotone Inclusions and Fitzpatrick functions," Journal of Optimization Theory and Application, 171, 757-784.

  • Sengupta, R.N., Gupta, A. and Dutta, J.(Eds.) (2016), Decision Sciences: Theory and Practice, CRC Press.

  • Dutta, J. (2016), "Convex Functions in Optimization," in Decision Sciences: Theory and Practice, edited by R.N. Sengupta, A. Gupta and J. Dutta, CRC Press.

  • Jagannathan, A.K. and Kumar, V. (2016), "Introduction to Game Theory," in Decision Sciences: Theory and Practice, edited by R.N. Sengupta, A. Gupta and J. Dutta, CRC Press.

  • Mathur, S.K., Sahu, S., Ghoshal, I. and Aggarwal, K. (2016), "Does domestic energy consumption affect GDP of a country? A panel data study," Global Economy Journal, 16(2), 229–273.

  • Njuki, E., Bravo-Ureta, B.E. and Mukherjee, D. (2016), "The good and the bad: Environmental efficiency in Northeastern U.S. dairy farming." Agricultural & Resource Economics Review, 45, 22–43.

  • Roy, A. and Mathur, S.K. (2016), "Brexit and India-EU Free Trade Agreement," Journal of Economic Integration, 31, 740-773.

  • Mukherjee, D.and Rahman, M.A. (2016), "To drill or not to drill? An econometric analysis of US public opinion," Energy Policy, 91, 341–351.

  • Rahman, M.A. (2016), "Bayesian Quantile Regression for Ordinal Models," Bayesian Analysis, 11, 1-24.


  • Ahmad, W., Bhanumurthy, N. R., and Sehgal, S. (2015), "Regime Dependent Dynamics and European Stock Markets: Is Asset Allocation Really Possible?" Empirica, 42(1), 77-107.

  • Sehgal, S., Ahmad, W., and Deisting, F. (2015), "An Investigation of Price Discovery and Volatility Spillovers in India’s Foreign Exchange Market". Journal of Economic Studies, 42(2), 261-284.

  • Ahmad, W., and Sehgal, S. (2015), "The Investigation of Destabilization Effect in India’s Agriculture Commodity Futures Market: An Alternative Viewpoint". Journal of Financial Economic Policy, 7(2), 122-139.

  • Ahmad, W., and Sehgal, S. (2015), "Regime Shifts and Volatility in BRIICKS Stock Markets: an Asset Allocation Perspective". International Journal of Emerging Markets, 10(3), 383-408.

  • Chakraborty, T., Mirkasimov, B. and Steiner, S. (2015), "Transfer Behaviour in Migrant Sending Communities," Journal of Comparative Economics, 43, 690-705.

  • Chakraborty, T. (2015), "Trade Liberalization in a Traditional Society: Implications for Relative Female Survival," World Development, 74, 158–170.

  • Chakraborty, T. and De, P.K. (2015), "Mother's autonomy and child's secondary schooling enrollment in Mexico," Review of Economics of the Household, 1-17.

  • Chakraborty, T., Mukherjee, A. and Saha, S. (2015), "Court-ship, Kinship and Business: A Study on the Interaction between the Formal and Informal Institutions and its Effect on Entrepreneurship," IZA Journal of Labor and Development, 4, 1-21.

  • Dutta, J. (2015), "Barrier Methods in Nonsmooth Convex Optimization without Convex Representation," Optimization Letters, 9, 1177-1185.

  • Charitha, C., Dutta, J.and Lalitha, C.S. (2015), "Gap Functions for Vector Variational Inequalities," Optimization, 64, 1499-1520.

  • Kulshrestha, P.. and Nayak, T.K. (2015), "Technical Efficiency of Higher Technical Educational Institutions in India," Archives of Business Research, 3, 94-122.

  • Mukherjee, D., Cromley, R.G., Shah, F. A. and Bravo-Ureta, B. E. (2015), "Optimal Location of Centralized Biodigesters for Small Dairy Farms: A Case Study from the United States." International Journal of Sustainable Energy Planning & Management, 8, 3–16.

  • Gaurav, A. and Mathur, S.K. (2015), "Determinants of Trade Costs and Trade Growth Accounting between India and the European Union during 1995–2010," The World Economy, 39, 1399-1413.

  • Lordan, G. and Pakrashi, D. (2015), "Do all Activities 'Weigh' Equally? How Different Physical Activities Differ as Predictors of Weight," Risk Analysis, 35, 2069-2086.

  • Sahu, S. (2015), "Source of Service Sector TFP Growth in India- Evidence from Micro Data," South Asian Journal for Macroeconomics and Finance, 4, 62-90.


  • Panda, D., Singh, S.N. and Kumar, V. (2014), "Risk constraint profit maximization in a multi-electricity market," 2014 IEEE PES General Meeting | Conference & Exposition, National Harbor, MD, 1-5.

  • Babu, M. and Kulshrestha, P. (2014), "Productivity Change and Technical Efficiency in Indian Microfinance Institutions," Studies in Microeconomics, 2, 165-200.

  • Lordan, G. and Pakrashi, D. (2014), "Make Time for Physical Activity or You May Spend More Time Sick!," Social Indicators Research, 119, 1379-1391.

  • Saha, S., Roy, P. and Kar, S. (2014), "Public and Private Sector Jobs, Bribes and Consumption Gap in India: Evidence from Micro Data," The North American Journal of Economics and Finance, 29, 285 - 300.

  • Prasad, P.M. (2014), "E-flows related livelihood in the Ganga River: A case study of tourism," in Our National River Ganga: Lifeline of Millions, Sanghi Rashmi (Ed), Springer.

  • Singhal, P. and Sinha, S. (2014), "Network analysis of an Indian stock market using the minimum spanning tree algorithm," Journal of Quantitative Economics, 12, 44-59.

  • Sehgal, S., Ahmad, W., and Deisting, F. (2014). "An Empirical Examination of the Process of Information Transmission in India's Agriculture Futures Markets". Journal of Quantitative Economics, 12 (1), 96-125.

  • Ahmad, W., Nain, M. Z., and Kamaiah, B. (2014). "On the Role of the Trend and Cyclical Components in Electricity Consumption and India's Economic Growth: a Cointegration and Co-feature Approach". OPEC Energy Review, 38(1), 107-126.

  • Ahmad, W., Bhanumurthy, N. R., and Sehgal, S. (2014). "The Eurozone Crisis and its Contagion Effects on the European Stock Markets," Studies in Economics and Finance, 31(3), 325-352.


  • Ahmad, W., Sehgal, S., and Bhanumurthy, N. R. (2013). "Eurozone Crisis and BRIICKS Stock Markets: Contagion or Market Interdependence?" Economic Modelling, 33, 209-225.

  • Dutta, J.and Lalitha, C.S. (2013), "Optimality Conditions for Convex Optimization Revisited," Optimization Letters, 7, 221-229.

  • Dutta, J., Deb, K., Arora, R. and Tulshyan, R. (2013), "Approximate KKT conditions: Theory and Numerical Experiments," Journal of Global Optimization, 56, 1463-1499.

  • Rachapalli, S.R. and Kulshreshtha, P. (2013), "Evolutionarily stable conjectures and social optimality in oligopolies," Theoretical Economics Letters, 3, 12-18.

  • Gangopadhyay, A., Kulshreshtha, P.and Verma, M. (2013), "Estimation of regression coefficient of a selected population," Journal of Statistical Theory and Practice, 7, 505-514.

  • Mukherjee, D., Bravo-Ureta, B.E. and De Vries, A. (2013),"Dairy productivity and climatic conditions: Econometric evidence from Southeastern United States," Australian Journal of Agricultural & Resource Economics, 57, 123–140.

  • Srivastava, A. and Mathur, S.K. (2013), "Relative Prices, Trade, Technology and Wage Inequality: Evidence from India," Foreign Trade Review, 48, 359-381.

  • Rahman, M.A. (2013), "Quantile Regression using Metaheuristic Algorithms," International Journal of Computational Economics and Econometrics, 3, 205-233.


  • Jeliazkov, I. and Rahman, M.A. (2012), "Binary and Ordinal Data Analysis in Economics: Modeling and Estimation," in Mathematical Modeling with Multidisciplinary Applications, edited by X.S. Yang, 123-150. John Wiley & Sons Inc., Hoboken, New Jersey.

  • Srivastava, A., Mishra, B.R. and Mathur, S.K. (2012), "Firm heterogeneity and trade barriers: Analysis of India's trade," Taylor's Business Review, 2, 33-45.