Publications

55. Sharma, S., Dar, A. B., & Karthik, M. (2025). On the Relationship Between Natural Resources and Institutional Governance: Evidence from G20 Countries. Society & Natural Resources,1 –23.https://doi.org/10.1080/08941920.2025.2509301 (Taylor and Francis)

54. Parrey, Z.A., Dar, A.B. & Paul, M. Revisiting precious metal mining stocks and precious metals as hedge, diversifiers and safe-havens: a multidimensional scaling and wavelet quantile correlation perspective. Empir Econ 68, 511–533 (2025)  (Springer)

53. Umar Farooq, Farid Ahmad, Arif Billah Dar, R L Sharma (2025) Exploring Gender Disparities in Financial Inclusion in India: Evidence from the Global Financial Inclusion Index [Forthcoming] The Indian Economic Journal  https://doi.org/10.1177/00194662251332876 (Sage)

52. Umar Farooq, Arif Billah Dar (2024) What Drives the Demand for Renewable and Non-renewable Energy Consumption in India? The Role of Financial Development and Geopolitical Uncertainty. Indian Economic Journal https://doi.org/10.1177/001946622412998 (Sage)

51. Umar Farroq, Niyati Bhanja, Sartaj Rasool, Arif Billah Dar (2024) From pollution to prosperity: Using inverted N-shaped environmental Kuznets curve to predict India’s environmental improvement milestones. Journal of Cleaner Production Volume 434, 1, 140175. (Elsevier)

50. Umar Farooq, Arif Billah, M. Paul (2024) On the Nexus Between Growth and Disaggregated Ecological Footprints-Empirical Evidence from India.  Journal of environmental planning and management 67(7), 1461–1493 (Taylor and Francis)

49. Arif  Billah Dar, N Bhanja, M Paul, U Farooq (2024)  Shaping a greener tomorrow: Analysing the impact of environment-friendly technology on ecological footprints in emerging asian economies. Journal of Cleaner Production Volume 434, 1, 140175. (Elsevier)

48. Adil Ahmad Shah, Niyati Bhanja, Arif Billah Dar (2023) Do gold and the US dollar diversify global sectoral risk? Evidence from connectedness and Dynamic Conditional Correlation measures. The Journal of Economic Asymmetries 28, e00304 (Elsevier)

47. Paul, M., Niyati Bhanja, Arif Billah Dar (2023) On the similarities between precious metals, precious metal stocks and equities–International evidence for gold and silver. Resources Policy 83, 2023, 103629 (Elsevier) 

46. M A Uddin, Farid Ahmad, Arif Billah Dar, M A I Khan (2023) Determinants of financial inclusion in gulf cooperation council countries International Journal of Applied Economics, Finance and Accounting 16,2-141-157

45. Farid Ahmed, Dar A B, Farooq U, Sharma R L, (2023) Do Socio-economic factors in the BRICS explain the Gender Gap in Financial Inclusion? Indian Economic Journal https://doi.org/10.1177/00194662221137 (Sage)

44. Bhanja N, Shah A, Dar, A. B (2023) Aggregate, asymmetric and frequency-based spillover among equity, precious metals, and cryptocurrency. Resources Policy 80, 103145 (Elsevier)

43. Farooq, U., Dar, A B (2022) Is there a Kuznets Curve for Forest Product Footprint? Empirical Evidence From India.  Forest Policy and Economics, 144, 102850 (Elsevier) 

42. Farid Ahmad, Arif Billah, R L Sharma (2022) Financial Inclusion in the BRICS - Evidence from the World Bank’s latest Findex Survey The Journal of Wealth Management,25(1), 105-121 

41. Dar, A B (2022) On the Sustainable Nexus Between Oil Prices and Aviation Stocks.  Sustainable Operations and Computers 3, 2022, Pages 168-175 (Elsevier)

40. Shah Adil, Dar A B. (2022) Asymmetric, Time and Frequency-based Spillover Transmission in Financial and Commodity Markets  Journal of Economic Asymmetries,25,e00241 (Elsevier)

39. Shah Adil, Dr, A. B (2021)  Exploring diversification opportunities across commodities and financial markets: Evidence from time-frequency based spillovers Resources Policy  74, 102317 (Elsevier)

38. Shah Adil., Dar, A B., Bhanumurthy N R (2021) Are Precious Metals and Equities Immune to Monetary and Fiscal Policy Uncertainties? Resources Policy, 74, 102-260 (Elsevier)

37. Shah Adil., Paul, M., Bhanja, N., Dar, A B., (2021) Dynamics of Connectedness across Crude Oil, Precious Metals and Exchange Rate: Evidence from Time and Frequency Domains (Forthcoming) Resources Policy  73, 102154 (Elsevier)

36. Bhanja N., Samia N., Dar A B, Tiwari AK (2021) Connectedness in International Crude oil Markets. Computational Economics.  59, 227–262   (Springer) 

35. Arif Billah Dar, Farid Ahmad (2021) Financial Inclusion determinants and impediments in India – Insights from the Global Financial Inclusion Index. Journal of Financial Economic Policy doi.org/10.1108/JFEP-11-2019-0227 (Emerald) 

34. Manas Paul, Niyati Bhanja, Arif Billah Dar (2019) Gold, gold mining stocks and equities- partial wavelet coherence evidence from developed countries. Resources Policy 62, 378-384. (Elsevier) 

33. Niyati Bhanja, Arif Billah Dar (2019) Stock returns and inflation; A tale of two periods in India, (In Press) Economic Change and Restructuring 52, 413- 438 (Springer) Scopus indexed, ABDC B rated

32. Arif Billah Dar, Niyati Bhanja, Manas Paul (2019) Do Gold Mining Stocks Behave Like Gold or Equities? Evidence from the UK and the US International Review of Economics and Finance 59, 369-384 (Elsevier) Scopus Indexed ABDC A rated

31. Niyati Bhanja, Arif Billah Dar, A K Tiwari (2018) Do Global Crude Oil Markets Behave as One Great Pool? A Cyclical Analysis. Journal of Business Cycle Research 14 (2) 219 -241 (Springer) Scopus indexed ABDC B rated

30. Arif Billah Dar (2018) Globalisation–regionalisation debate in international crude oil markets: old wine in new bottle OPEC Energy Review 42 (3) pp : 244-261 (Wiley) ABDC C rated

29. Arif Billah Dar, Niyati Bhanja (2018) Is China a Safe haven for Asian Tigers? Economic Change and Restructuring. 51 (2) 113- 133.  (Springer) Scopus indexed

28. Arif Billah Dar, Debasish Maitra (2017) Is Gold a Weak or Strong Safe haven against Stocks? Robust Evidences form the three major Gold consuming countries. Applied Economics 49 (53) 5491, 5503. (Taylor and Francis) Scopus indexed

27. Arif Billah Dar, Niyati Bhanja, A K Tiwari (2017) Do Global Financial Crises Validate assertions of Fractal Market Hypothesis? International Economics and Economic Policy. 14 (1) 153-165(Springer) Scopus indexed

26. Niyati Bhanja, Arif Billah Dar, AK Tiwari(2016) A Frequency Based Causality Approach for the Yield Spread as a Leading Indicator of Economic activity – Evidence from India, Indian Journal of Economics & Business, Vol. 15, No. 2, (2016) : 243-255

25. Aviral K Tiwari, Niyati Bhanja,Arif Billah Dar (2016) Frequency-based co-movement of inflation in selected euro area countries Journal of Business Cycle Measurement and Analysis OECD. 8 (2) 1-13 Scopus indexed

24. A K Tiwari, Arif B Dar, Bhanja N, Rangan Gupta (2016)A Historical Analysis of the US Stock Price Index Using Empirical Mode Decomposition over 1791–2015 EconomicsE Vol. 10, 2016-9 Scopus indexed

23. M Arouri, Arif Billah Dar, Frederic Teoulon and Niyati Bhanja (2015) Interlinkage between Real ExchangeRate and Current Account Behaviors: Evidence from India Journal of Applied Business Research 31(4):1199-1204 Scopus indexed

22. Niyati Bhanja,Arif Billah Dar (2015)“The Beauty of Gold is, it Loves Bad News”: Evidence from Three Major Gold Consumers, Economic Change, and RestructuringVolume 48, Issue 3, pp 187-208DOI 10.1007/s10644-015-9160-z(Springer) Scopus indexed

21. Aviral Kumar Tiwari, NiyatiBhanja, Arif Billah Dar(2015), Uncertainty co-movement in Major European Countries.Theoretical Economics Letters, 2015, 5, 256-261

20. Arif Billah Dar, Amaresh Samantaraya, Firdous Ahmad Shah (2014) The predictive power of yield spread: evidence from wavelet analysis. Empirical Economics (Springer) May 2014, Volume 46, Issue 3, pp 887-901 Scopus indexed

19. Aviral Kumar Tiwari, Arif Billah Dar, NiyatiBhanja (2013)Oil price and exchange rates: A wavelet-based analysis for India. Economic Modelling (Elsevier) 31:414–422. Scopus indexed

18. Aviral Kumar Tiwari, NiyatiBhanja, Arif Billah Dar, Faridul Islam: Time-Frequency Relationship between Share Prices and Exchange Rates in India: Evidence from Continuous Wavelets. Empirical Economics (Springer)March 2015, Volume 48, Issue 2, pp 699–714 Scopus indexed

17. Arif Billah Dar, Aasif Shah, NiyatiBhanja, AmareshSamantaraya: The relationship between stock prices and exchange rates in Asian markets: A wavelet based correlation and quantile regression approach. South Asian Journal of Global Business Research Vol. 3 Issue: 2, pp.209-224(Emerald)

16. Aviral Kumar Tiwari, NiyatiBhanja, Arif Billah Dar, Olaolu Richard Olayeni: Analyzing Time–Frequency Based Co-movement in Inflation: Evidence from G-7 Countries. Comput Econ (2015) 45:91–109(Springer) Scopus indexed

15.Aviral Tiwari, Arif Billah Dar, NiyatiBhanja, Mohammad Arouri, Frederic Teulon:  Stock returns and inflation in Pakistan  Economic Modelling 47 (2015) 23–31(Elsevier) Scopus indexed

14. Arif Billah Dar, Niyati Bhanja, Aviral Kumar Tiwari Exchange rate and stock price relationship: A wavelet analysis for India Indian Economic Review 49 (1) pp.125-142.

13.Aviral Tiwari, Arif Billah Dar, Niyati Bhanja Scale specific volatility and co-movement behaviour of Asian and US stock markets: Is this time different?Journal of Economic and Financial Modelling JEFM (2014) Vol.2, pp.42-55, ISSN 2322 – 0511.     

12. Arif Billah Dar, Firdous Ahmad Shah: Are Eurozone Fixed Income Markets Integrated? An Analysis Based on Wavelet Multiple Correlation and Cross Correlation. Economics Research International. 08/2014; ISSN; 2090-2131

11. Aviral Kumar Tiwari, Arif Billah Dar, NiyatiBhanja, Aasif Shah: Stock Market Integration in Asian Countries: evidence from Wavelet multiple correlations. Journal of Economic Integration. 09/2013; 28(3):441-456. Scopus indexed

10. Arif Billah Dar, Niyati Bhanja, AmareshSamantaraya, Aviral Kumar Tiwari: Export Led Growth or Growth Led Export Hypothesis: Evidence based on Time Frequency Approach. Asian Economic and Financial Review. 01/2013; 3(7):869-880.

9. Niyati Bhanja, Arif Billah Dar, Aviral Kumar Tiwari, Olaolu Richard Olayeni: Are Stock Prices Hedge Against Inflation? A Revisit over Time and Frequencies in India. Central European Journal of Economic Modelling and Econometrics. 01/2012; Scopus Indexed

8. Arif Billah Dar, NiyatiBhanja, Aviral Kumar Tiwari: Inflation-Industrial growth nexus in India-A revisit through continuous wavelet transform. Central Bank Review. Elsevier 01/2014; 14:1-11. (Scopus Indexed)

7. Niyati Bhanja, Arif Billah Dar, Aviral Kumar Tiwari: Exchange Rate and Monetary Fundamentals: Long run Relationship RevisitedPANOECONOMICUS, 2015, Vol. 62, Issue 1, pp. 33-54 Scopus indexed

6. Niyati Bhanja, ArifBillah Dar, AmareshSamantaraya “Revisiting Doctrine of Purchasing Power Parity Theory through Quantile Regression and Wavelets” with (NiyatiBhanja and AmareshSamantaraya) ICFAI Journal of Applied Economics

5. Aviral kumar Tiwari,  Niyati Bhanja , Arif Billah DarUnit root with structural breaks in Macroeconomic time series: Evidence from Pakistan  Journal of Economic and Financial Modelling. JEFM (2013) Vol.1, pp.38-48, ISSN 2322 – 0511 

4. Arif Billah Dar, Firdous Ahmad Shah,  In search of leading indicator property of yield spread for India: Evidence form quantile and wavelet absed regression  Economics Research International ISSN;2090-2131

3.Niyati Bhanja,Arif Billah Dar, AmareshSamantaraya Doctrine of purchasing power parity- An Analysis Based on cointegration and wavelet analysis  IOSR Journal of Humanities and Social Science (IOSR-JHSS)e-ISSN: 2279-0837, p-ISSN: 2279-0845. Volume 7, Issue 4 (Jan. - Feb. 2013), PP 19-27

2. Arif Billah Dar, Niyati Bhanja. Output synchronization at Business, Juglar and Kuznet’s intermediate Cycles- Evidence from G-7 Countries Journal of Economic and Financial Modelling, JEFM (2013) Vol.1,pp.29-37, ISSN 2322 – 0511     

1. Niyati Bhanja, Aamresh Samantaraya, Arif Billah Dar. Exchange Rate Volatility and Export Growth: Post Reform Experience of India Indian Journal of Finance, 7(9), 27 – 35. Scopus indexed