Staff

• Ph.D. in Statistics, Indian Statistical Institute, Kolkata, India. Title: "Order restricted covariate effects and hazard regression models", 2009.
• Ph.D. in Economics, University of Mumbai, Mumbai, India. Title: "Valuation of Corporate Debt and Equity - Some Contributions in the Indian case", 2002.
• M.Stat. - Master of Statistics, Indian Statistical Institute, Kolkata, India, with specialisation in Applied Statistics and Data Analysis, 1993.
• B.Stat. (Hons.) - Bachelor of Statistics (with Honours), Indian Statistical Institute, Kolkata, India, 1991.

After completing my PhD in Economics, I joined the University of Cambridge in 2001 as a Research Associate in the erstwhile Department of Applied Economics (now incorporated within the Faculty of Economics). In 2002, I took up a joint position, as Research Associate in the Department of Applied Economics and as Fellow, College Lecturer and Director of Studies (Economics) at Robinson College, University of Cambridge. I moved to the University of St Andrews in 2004.

My main research area is applied econometrics, with focus on semiparametric inference under order restrictions and arbitrary cross section and spatial dependence. I have interest in varied application areas, including industrial economics, corporate finance, housing, macroeconomics, monetary policy and economics of networks.

My hobbies are games and sports (particularly cricket, football and bridge), watching films and listening to music (Hindustani Classical and Western Classical).

• EC4203: Contemporary Issues
• EC4204: Financial Economic Theory
• EC5609: Financial Econometrics
• EC5803: Central Banking

In the Scottish Graduate Programme in Economics:

QM0: Pre-sessional Econometrics
QM1: Quantitative Methods I

Current PhD Students:

• Kirby Faciane
• Han Jie
• João Marques
• Min-Ho Nam

• Applied and theoretical micro-econometrics
  • Semiparametric and nonparametric inference
  • Duration models and survival analysis
  • Spatial econometrics and cross section interactions
  • Inference on covariance structures
  • Order restricted inference
  • Resampling and biased sampling
• Macroeconomics and monetary economics
  • Validation of DSGE models
  • Monetary policy committees
  • Model uncertainty
• Corporate finance, industrial economics and strategy
  • Business cycle in the cross-section
  • Corporate performance and default
  • Entrepreneurship and human capital
  • Firm and industry effects
  • Models of firm dynamics
• Regional Economics and Development
  • Convergence and inequality
  • Stochastic frontier analysis
  • Demographic outcomes and change
• Economics of Housing Markets
  • Spatio-temporal diffusion of demand and prices
  • Micro-macro linkages in housing markets

• Fundação para a Ciência e a Tecnologia, Portugal (Ministry of Science, Technology and Higher Education). "Drivers of Housing Demand in Portuguese Urban System". With Eduardo de Castro and João Marques (Univ. Aveiro, Portugal) and other colleagues at Univ. Aveiro and Univ. Porto, Portugal. Awarded: € 79,415. Duration: Sept. 2009 to Feb. 2012.
• KPMG, UK. "Identifying and Modelling Macro-Economic Effects on Counter-Party Default". With Chris Higson and Sean Holly. 2002. Award: £75,000.

• (2010) "Rational Partisan Theory, Uncertainty and Spatial Voting: Evidence for the Bank of England's MPC" (with Sean Holly), Economics and Politics (forthcoming) (download) (Working paper version)
• (2010) "Productivity, Preferences and UIP Deviations in an Open Economy Business Cycle Model" (with Jagjit S. Chadha and Qi Sun), Open Economies Review (forthcoming) (Working paper version)
• (2009) "Macroeconomic Instability and Business Exit: Determinants of Failures and Acquisitions of UK Firms" (with Chris Higson, Sean Holly and Paul Kattuman), Economica, 76(301), 108-131 (download). (Working Paper version).
• (2009) "Regional Variation in Productivity: A Study of the Danish Economy" (with Eduardo de Castro and (Late) Chris Jensen-Butler) Journal of Productivity Analysis 31(3), 195-212 (Download) (Working Paper Version)
• (2009) "Macroeconomic Instability and Corporate Failure: The Role of the Legal System" (with Chris Higson, Sean Holly and Paul Kattuman), Review of Law and Economics, 5(1), Article 1 (Download) (Working Paper version).
• (2007) "Money and Monetary Policy in Dynamic Stochastic General Equilibrium Models" (with Christoph Thoenissen), The Manchester School 75(S1), 88-122 (download). (Working Paper version).
• (2004) "Estimation in Hazard Regression Models under Ordered Departures from Proportionality" Computational Statistics and Data Analysis 47(3), 517-36 (download). (Working Paper version).
• (2004) "Software in India: Development Implications of Globalization and the International Division of Labor" (with Paul Kattuman), in Kagami, M., Tsuji, M. and Giovannetti, E. (Eds.) Information Technology Policy and the Digital Divide: Lessons for Developing Countries, Edward Elgar, 92-113.

• "Structural Interactions in Spatial Panels" (with Sean Holly), Revise and resubmit: Empirical Economics.
• "Partial Orders with Respect to Continuous Covariates and Tests for the Proportional Hazards Model", Revise and resubmit: Journal of Statistical Planning and Inference (download).
• "Testing Proportional Hazards with Unrestricted Univariate Unobserved Heterogeneity" (download).
• "Understanding Interactions in Social Networks and Committees" (with Sean Holly) (download).
• "Taking Personalities out of Monetary Policy Decision Making? Interactions, Heterogeneity and Committee Decision-making in the Bank of England's MPC". (with Sean Holly), (download).
• "How Much do Firms Matter in an Emerging Market Economy?" (With Sumit Majumdar).
• "Entrepreneurial Motives and Performance: Why Might Better Educated Entrepreneurs be Less Successful?" (with Jean Bonnet, Nicolas Le Pape and Régis Renault), (download).
• "Estimation of Spatial Weights Matrix in a Spatial Error Model, with an Application to Diffusion in Housing Demand" (with (Late) Chris Jensen-Butler), (download).
• "Financial Distress in Chinese Industry: Macroeconomic, Microeconomic and Institutional Influences" (with Han Jie)

• Applied Econometrics Using STATA (Book, with Sean Holly).
• Anatomy of the Recession (Book, with Chris Higson and Sean Holly).
  

• "Explaining House Prices in Portugal: A Local Scale Approach" (with Eduardo de Castro and João Marques) (Version in Portuguese).
• "An Analysis of Mortgage Arrears Using the British Household Panel Survey" (with Holly Cairns and Gwilym Pryce) (Presentation).
• "A Model of Regional Housing Markets in England and Wales" (with (Late) Chris Jensen-Butler), (download).
• "Understanding Spatial Diffusion in Hedonic Pricing Models: The Urban Housing Market of Aveiro, Portugal" (with Eduardo de Castro and João Marques).
• "Models of Firm Dynamics and the Hazard Rate of Exits: Reconciling Theory and Evidence using Hazard Regression Models" (download).
• "Bayesian Analysis of Hazard Regression Models under Order Restrictions on Covariate Effects and Ageing" (with Madhu Bhattacharjee), (download).
• "A Simple Test for the Absence of Covariate Dependence in Hazard Regression Models" (download).
• "Regional Variations in Child Mortality in India" (With Sonia Bhalotra).
• "Diversify or Consolidate? Firm Behaviour in Indian Software Industry". (With P.Kattuman and S.Mehrotra).
• "Inference under Arbitrary Continuous Heterogeneity: A Subsampling Approach" (With Snigdhansu Chatterjee).
• "Inferring Granger- and Rubin-Causality from Duration Data with Time-Varying Covariates".

• CDMA, University of St Andrews
• CRIEFF, University of St Andrews
• International Statistical Institute (Elected Life Member)

• Sub-honours adviser (Arts Faculty)

• Peer recognition
  • Elected to a Life Membership of the International Statistical Institute in 2004, in recognition of "contributions to the advancement of Statistics".
• Impact
  • Research cited 34 times in peer-reviewed articles published since 2004 (50 times in total), excluding self-citations
  • Hirsch's h-index = 5 and Egghe's g-index = 7 (Source: Harzing)
• Others
  • Conducted courses on Stata for external academics, civil servants, and researchers in financial institutions.
  • Research has been put to use in central banking and risk management