Associate Professor & Graduate Coordinator
Department of Economics
Terry College of Business
University of Georgia
Athens, GA 30602
Phone: (706) 542-3696
University of Washington, Seattle, USA
Ph.D., Economics, 2001
Delhi School of Economics, Delhi University, INDIA
M.A., Economics, 1996
St. Xavier’s College, University of Calcutta, INDIA
B.Sc.(First Class-Honors), Economics, 1994
University of Georgia, Department of Economics
Associate Professor (with tenure), August 2007-present
Assistant Professor, August 2001-July 2007
University of Hamburg, Germany
Visiting Scholar, 2008-present (summer semester)
Hamburg Institute of International Economics (HWWI), Germany
Visiting Scholar, Summer 2008, 2009 (summer)
International Monetary Fund, Washington, D.C.
Visiting Scholar (Research Department), November 2005
University of California, Berkeley
Visiting Scholar, January-March 2000
National Bureau of Economic Research (NBER)
Research Assistant (for Charles Engel), June-September 1999
Macroeconomics, International Economics, Growth, Development, Public Policy
Graduate: Macroeconomic Theory (PhD), International Economics (PhD), Economic Growth (PhD), Business Macroeconomics (MBA), Macroeconomic Analysis for Business Leaders (EMBA)
Undergraduate: International Economics, Intermediate Macroeconomics, Economic Growth and Development
I. Refereed Publications
 “To Spend the U.S. Government Surplus or Increase the Deficit? A Numerical Analysis of the Policy Options” (with S.J. Turnovsky). Journal of the Japanese and International Economies 16, p. 405-435 (2002). NBER-CEPR Special Issue on Fiscal Adjustment (lead article).
 “Unilateral Capital Transfers, Public Investment, and Economic Growth” (with G. Sakoulis and S.J. Turnovsky). European Economic Review, 47(6), p. 1077-1103 (2003).
 “Substitutability of Capital, Investment Costs, and Foreign Aid” (with S.J. Turnovsky) in S. Dowrick, R. Pitchford and S.J. Turnovsky (ed.), Economic Growth and Macroeconomic Dynamics: Recent Developments in Economic Theory. Cambridge University Press (2004).
 “Capital Income Taxes and Growth in a Stochastic Economy: A Numerical Analysis of the Role of Risk Aversion and Intertemporal Substitution” (with P. Guiliano and S.J. Turnovsky). Journal of Public Economic Theory, 6(2), p. 277-310 (2004).
 “Financing Public Investment Through Foreign Aid: Consequences for Economic Growth and Welfare” (with S.J. Turnovsky). Review of International Economics, 13(1), p. 20-44 (2005).
 “Capital Utilization, Economic Growth, and Convergence” Journal of Economic Dynamics and Control, 29(12), p. 2093-2124 (2005) (lead article).
 “Foreign Aid and Economic Growth: The Role of Flexible Labor Supply” (with S.J. Turnovsky). Journal of Development Economics, 84(1), p. 507-533 (2007).
 “Should the Private Sector Provide Public Capital?” Macroeconomic Dynamics, 11 (3), p. 318-346 (2007).
 “How Misleading is Linearization? Evaluating the Dynamics of the Neoclassical Growth Model” (with M. Atolia and S. Turnovsky). Journal of Economic Dynamics and Control 34, p. 1550-1571 (2010).
 “Infrastructure Provision and Macroeconomic Performance” (with AKM Mahbub Morshed). Journal of Economic Dynamics and Control 35, p. 1151-1386 (2011).
 “The Dual Nature of Public Goods and Congestion: The Role of Fiscal Policy Revisited” (with Sugata Ghosh), Canadian Journal of Economics 44, p. 1471-1496 (2011).
 “Growth and Inequality: Dependence on the Time Path of Productivity Increase (and Other Structural Changes)” (with Manoj Atolia and Stephen Turnovsky), Journal of Economic Dynamics and Control 36, p. 331-348 (2012).
 “Where Has all the Money Gone? Foreign Aid and the Quest for Growth” (with P. Giuliano and I. Kaya). The B.E. Journal of Macroeconomics (Contributions) 12 (1), article 26, 1-34 (2012).
 “Infrastructure and Inequality” (with S. Turnovsky). European Economic Review 56, 1730-1745 (2012).
 “Got Water? Social Divisions and Access to Public Goods in Rural India” (with D. Balasubramaniam and D. Mustard). Economica, forthcoming.
Workbook for Methods of Macroeconomic Dynamics, Second Edition (with S.J. Turnovsky and M.K. Hendrickson). The MIT Press (2000).
“Fiscal Policy and the Real Exchange Rate” (with A. Murzagulov)
“Remittances, Human Capital, and Inequality” (with Berrak Bahadir)
“Macroeconomic Consequences of Foreign Aid and Remittances” (with Berrak Bahadir)
“Government Spending and Inequality in the United States: A Empirical Investigation” (with W. Lastrapes and S. Turnovsky)
“The Distributional Consequences of Access to Safe Water and Sanitation on Child Nutrition in India: A Quantile Regressions Approach” (with D. Balasubramaniam and D. Mustard)
I. Conference Presentations
II. Invited Seminars, 2001-2012
Academic: Karlsruhe Institute of Technology, IMF Institute, Georgia State University, International Monetary Fund (Research Dept.), University of Hamburg, Hamburg Institute for International Economics, University of Tennessee, University of Florida, Florida State University, Southern Illinois University, Auburn University, University of Arkansas, University of Georgia, Louisiana State University, Georgia Institute of Technology, Clemson University, University of Kansas, University of Warwick, Emory University, and University of Washington.
Non-academic: Eastman Chemical Company, TradeSecure, Inc., GE Capital
I. Teaching Awards
II. Research Awards and Fellowships
Azer Mursagulov (PhD, 2008; International Monetary Fund)
Ilker Kaya (PhD, 2009; American University, UAE)
Divya Balasubramaniam (PhD, 2010; Saint Joseph’s University)
Mark Kelly (in progress)
Thomas Lebesmuehlbacher (in progress)
David Beckworth (PhD, 2003; Texas State University)
Won-Joong Kim (PhD, 2005; Samsung Research Institute, Korea)
Hakan Danis (PhD, 2009; BBVA Compass Bank)
Ramaprasad Rajaram (PhD, 2010; GE Healthcare)
Elkin Nurmmamadov (PhD, 2010; Central Bank of Azerbaijan)
Ruxandra Brebenel (in progress)
Economic Journal, European Economic Review, Journal of Economic Growth, International Economic Review, Journal of Economic Dynamics and Control, Journal of International Economics, Journal of Public Economics, Journal of Development Economics, Macroeconomic Dynamics, Economic Inquiry, Scandinavian Journal of Economics, Canadian Journal of Economics, Review of Development Economics, Journal of Public Economic Theory, Journal of Macroeconomics, Scottish Journal of Political Economy, Bulletin of Economic Research, Open Economies Review, Economics Bulletin, Japanese Economic Review, Journal of Income Inequality, Public Finance Review, Princeton University Press, Johns Hopkins University Press.