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AKM Mahbub Morshed
Professor of EconomicsDirector of Graduate Studies: EconomicsSchool of Analytics, Finance, and EconomicsCollege of Business and AnalyticsSouthern Illinois University CarbondaleMailcode 4515, 1000 Faner DriveCarbondale IL 62901, USATel. 618 453 5070Fax. 618 453 2717Email: mmorshed@siu.edu

Research areas: Macroeconomic Theory, International Finance, Economic Growth, Economic Development

Selected Publications:

“Endogenous Labor Migration and Remittances: Macroeconomic and Welfare Consequences,” Journal of Development Economics, 2023 (with Sokchea Lim and Stephen J. Turnovsky)
"Inequality, Growth and Congested Production Externalities" BE Journal of Macroeconomics, Vol.21, Issue 2, pp. 565-606, 2021 (with Babatunde Aiyemo).
"Migrant Labor and Remittances: Macroeconomic Consequences and Policy Responses,” Journal of Human Capital, Vol. 15 (1), pp. 128-173, 2021 (with Sokchea Lim and Stephen J. Turnovsky).
"Microfinance and Missing Markets," Canadian Journal of Economics, Vol. 54 (1), pp. 34-67, 2021 (with Shahe Emran and Joseph Stiglitz).
“On Cross-country Differences in the Contribution of Nontraded Goods to Real Exchange Rate Fluctuations,” Open Economies Review, 31, 1117-1145, 2020 (with Erick Kitenge)
"Unconditional Convergence of Labor Productivity in the Service Sector,” Journal of Macroeconomics, Vol. 59, pp. 217-229, 2019 (with Bisrat Kinfemichael).
“Fiscal Policy in a Small Open Economy with Cross-Border Labor Mobility” Journal of Macroeconomics 52 pp. 147-174, 2017 (with Sokchea Lim).
"Real Exchange Rate Dynamics: The Role of Elastic Labor Supply," Journal of International Money and Finance, Vol 30 (7), pp. 1303-1322, 2011 (with Stephen J. Turnovsky)
"Infrastructure Provision and Macroeconomic Performance," Journal of Economic Dynamics and Control, Vol. 35, pp. 1288-1306, 2011 (with Santanu Chatterjee).
"Is There Really A 'Border Effect'?" Journal of International Money and Finance, 26 (7), 1229-1238, 2007.
"Sectoral Adjustment Costs and Real Exchange Rate Dynamics in a Two-Sector Dependent Economy." Journal of International Economics, 63, 147-177, 2004 (with Stephen J. Turnovsky).
"What Can We Learn From a Large Border Effect in Developing Countries?" Journal of Development Economics, 72, 353-369, 2003.

Recent Publications (Since 2019):

"External Debt Sustainability and Institutions: A Model-Based Approach," International Journal of Finance and Economics, 2025. (with Nachiket Thakkar)
"Trade cost of External Debt Renegotiation: A Pseudo-Poisson Maximum Likelihood (PPML) Approach," Pennsylvania Economic Review, 2024 (with Nachiket Thakkar)
Endogenous Labor Migration and Remittances: Macroeconomic and Welfare Consequences,” Journal of Development Economics, 2023 (with Sokchea Lim and Stephen J. Turnovsky)
"Inequality, Growth and Congested Production Externalities" BE Journal of Macroeconomics, Vol.21, Issue 2, pp. 565-606, 2021 (with Babatunde Aiyemo).
“Price Dispersion across U.S. Cities: the Role of Walmart,” Economic Analysis and Policy, Vol. 71, pp. 227-237 (with, Md. Rafayet Alam).
Migrant Labor and Remittances: Macroeconomic Consequences and Policy Responses,” Journal of Human Capital, Vol. 15 (1), pp. 128-173, 2021 (with Sokchea Lim and Stephen J. Turnovsky).
"Microfinance and Missing Markets," Canadian Journal of Economics, Vol. 54 (1), pp. 34-67, 2021 (with Shahe Emran and Joseph Stiglitz)
“On Cross-country Differences in the Contribution of Nontraded Goods to Real Exchange Rate Fluctuations,” Open Economies Review, 31, 1117-1145, 2020 (with Erick Kitenge)
“Does the Presence of International Students Improve Domestic Graduation in the U.S.?” Quarterly Review of Economics and Finance 75, 95-108, 2020 (with Melaku Abegaz and Sajal Lahiri).
"Unconditional Convergence of Labor Productivity in the Service Sector,” Journal of Macroeconomics, Vol. 59, pp. 217-229, 2019, (with Bisrat Kinfemichael)
"Convergence of Labor Productivity Across the U.S. States,” Economic Modelling, Vol. 76, pp. 270-280, 2019 (with Bisrat Kinfemichael).
“Dynamics of Immigrant Assimilation: Lessons from Immigrants’ Trust,” Journal of Economic Studies 46(3), 518-532, 2019 (with Sokchea Lim).
"Price Convergence among Indian Cities: The Role of Linguistic Differences, Topography, and Aggregation” Journal of Asian Economics, Vol. 61, pp. 34-50, 2019 (with Erick Kitenge).

Selected Publications:

Recent Publications (Since 2019):

Migrant Labor and Remittances: Macroeconomic Consequences and Policy Responses,” Journal of Human Capital, Vol. 15 (1), pp. 128-173, 2021 (with Sokchea Lim and Stephen J. Turnovsky).