Staff

• Ph.D. in Statistics, Indian Statistical Institute, Kolkata, India. Title: "Order restricted covariate effects and hazard regression models". Submitted: February 2008.
• Ph.D. in Economics, University of Mumbai, Mumbai, India. Title: "Valuation of Corporate Debt and Equity - Some Contributions in the Indian case". Submitted: 2000, Awarded: 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 have been at the University of St Andrews since 2004.

I have varied research interests, including econometrics, industrial economics, corporate finance, macroeconomics and labour economics.

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

In the Scottish Graduate Programme in Economics:

QM0: Pre-sessional Econometrics
QM1: Quantitative Methods I

Current PhD Students:

Qi Sun
Han Jie
Kirby Faciane
João Marques

• 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
• 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

• KPMG, UK. "Identifying and Modelling Macro-Economic Effects on Counter-Party Default". With Chris Higson and Sean Holly. 2002. Award: £75,000.

• (2009) "Macroeconomic Instability and Business Exit: Determinants of Failures and Acquisitions of UK Firms" (with Chris Higson, Sean Holly and Paul Kattuman), Economica, forthcoming (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, forthcoming. (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.

• "Evaluating Economic Theories of Growth and Inequality: A Study of the Danish Economy" (with Eduardo de Castro and (Late) Chris Jensen-Butler), Revise and resubmit, Journal of Productivity Analysis (download).
• "Entrepreneurial Motives and Performance: Why Might Better Educated Entrepreneurs be Less Successful?" (with Jean Bonnet, Nicolas Le Pape and Régis Renault), (download).
• "Partial Orders with Respect to Continuous Covariates and Tests for the Proportional Hazards Model" (download).
• "How Much do Firms Matter in an Emerging Market Economy?" (With Sumit Majumdar).
• "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).
• "Estimation of Spatial Weights Matrix in a Spatial Error Model, with an Application to Diffusion in Housing Demand" (with (Late) Chris Jensen-Butler), (download).
• "A Model of Regional Housing Markets in England and Wales" (with (Late) Chris Jensen-Butler), (download).
• "Inflation Targeting, Committee Decision Making and Uncertainty: The case of the Bank of England's MPC" (with Sean Holly), (download).
• "Financial Distress in Chinese Industry: Macroeconomic, Microeconomic and Institutional Influences" (with Han Jie).
• "Productivity, Preferences and UIP Deviations in an Open Economy Business Cycle Model" (with Jagjit S. Chadha and Qi Sun), (download).

• Applied Econometrics Using STATA (Book, with Sean Holly).
• "Understanding Interactions in Social Networks and Committees" (with Sean Holly).
• "A Simple Test for the Absence of Covariate Dependence in Hazard Regression Models" (download).
• "Bayesian Analysis of Hazard Regression Models under Order Restrictions on Covariate Effects and Ageing," (with Madhu Bhattacharjee), (download).
• "Models of Firm Dynamics and the Hazard Rate of Exits: Reconciling Theory and Evidence using Hazard Regression Models" (download).
• "Regional Variations in Child Mortality in India" (With Sonia Bhalotra).
• "Approximating Arbitrary Continuous Heterogeneity with Discrete Mixtures: A Subsampling Approach" (With Snigdhansu Chatterjee).

• CDMA
• CRIEFF
• 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 32 times in peer-reviewed articles published since 2001
  • Hirsch's h-index = 6 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 used in central banking and risk management