Publications & Research

Current Research Projects

Consumption Smoothing and Household Savings in India (with Neha Bairoliya, Jingyi Fang, and Fang Yang) (Recording of CMIE Webinar(older version), 05/22)

Banks, Sectoral Credit and Local Economic Growth in India (with Sujana Kabiraj), under review (2023).

Early Urbanization and Regional Disparities within Countries  (old version) (with Dachao Ruan and Jingya Sun)

Colonial Waterways and Long Term Development in the Mekong Delta  (with Thao Bui)

The Marginal Propensity to Consume out of Transitory Income Shocks in India (with Jingya Sun)

Publications in Peer Reviewed Journals

Was India's Demonetization Redistributive? Insights from Satellites and Surveys (with Justin Cook), forthcoming, September 2022, in Journal of Macroeconomics. (pre-print)

Do Attitudes Toward Risk Taking Affect Entrepreneurship? Evidence from Second-generation Americans, (with Bulent Unel), Journal of Economic Growth, December 2021.  Pre-print

Shedding Light on Regional Growth in India (with Sujana Kabiraj), World Development, Vol 133, September 2020. You Tube at Jindal Global University.

Evaluating the Kisan Credit Card Scheme: Some Results for Bihar and India, Arthaniti: Journal of Economic Theory and Practice,  Vol 19, Issue 1, 2020.

Manufacturing Growth and Local Employment Multipliers in China, (with Ting Wang), Journal of Comparative Economics, 46(2), 515-543, June 2018

Productivity Growth in Goods and Services Across the Heterogeneous State of America, (with Bibhudutta Panda), 2016, Economic Inquiry, Online Appendix

Persistence of Fortune: Accounting for Population Movements, There was No Post-Columbian Reversal, (with Justin Cook and Louis Putterman), 2014, American Economic Journal: Macroeconomics, Vol. 6, No. 3, 1-28.

Does foreign direct investment promote growth? Exploring the role of financial markets on linkages (with Laura Alfaro, Sebnem Kalemli-Ozcan, and Selin Sayek), 2010, Journal of Development Economics, March, 242-256.

Dual Economies and International Total Factor Productivity Differences: Channelling the Impact from Institutions, Trade, and Geography, (with Carl Johan Dalgaard), 2008, Economica, 75, 629–661

Convergence and Divergence in the Biological Standard of Living in the United States, 1820-1900, (with Lee Craig and Julianne Tremme), Cliometrica, Volume 2, Number 1 / April, 2008, Pages 19-48.

The Rise in Returns to Education and the Decline in Household Savings, 2008, Journal of Economic Dynamics and Control, Volume 32, Issue 2, February, 436-469.

Early Starts, Reversals and Catchup in the Process of Economic Development, (with Louis Putterman), 2007, Scandinavian Journal of Economics, Volume 109, Issue 2, June, Pages: 387-413 

Education, Redistribution and Growth in the Presence of Capital Flight, (with Debajyoti Chakraborty and Chetan Ghate) BE Journals in Macroeconomics, Topics in Macroeconomics, Vol. 6(2), Article 14.

The Influence of Capital Controls on Long Run Growth, 2005, Journal of Development Economics, 77 (2005) 441– 466 

States and Markets: The Advantages of an Early Start, (with Valerie Bockstette and Louis Putterman), 2002, Journal of Economic Growth, 7, 4, December, 347-370. State Antiquity Data.

FDI and Economic Growth: The Role of Local Financial Markets(with Laura Alfaro, Sebnem Kalemli-Ozcan and Selin Sayek), 2004, Journal of International Economics, 64, 89-112. 

Other Publications

"Why is Maharashtra's average income five times that of Bihar?" 2013, Ideas for India.

"The Rise of India", 2013, Randall E. Parker and Robert Whaples, ed,, Routledge Handbook of Major Events in Economic History, Routledge, New York.

"The Quest For Development: What Role does History Play?" (With L. Putterman), World Economics, 5(2), April-June 2004, 1-31.

"State Effectiveness, Economic Growth, and the Age of States" (With L Putterman) forthcoming in conference volume on States and Development edited by Matthew Lange and Dietrich Rueschemeyer, Palgrave Macmillan

Other Papers, Notes, etc