About Me: I did my Ph.D. in Economics from the University of Houston and Postdoctoral research at Aix-Marseille School of Economics. Here is the link to my CV and Google Scholar . My interests span international, spatial, and public economics. In my research, I study spatial outcomes and optimal regional policies through the lens of quantitative trade models. I focus on highlighting synergies between investments and trade policies to optimize regional gains from trade. I can be reached at priyam.verma@ashoka.edu.in
Assistant Professor,
Department of Economics,
Ashoka University.
8-33 AC-04
Rajiv Gandhi Education City, Rai,
Sonipat, Haryana,131029,
India
Publication
Optimal Infrastructure after Trade Reform in India, Journal of Development Economics, Volume 166, (January 2024), 103208.
Working Papers
The General Equilibrium Effects of the China Shock: An Empirical Approach, with Ernesto Ugolini [Draft available upon request].
Presentations (* if by co-author): ETSG Athens, Ashoka Brown Bag, IIM Bangalore, Economics Exchange, Midwest Trade Virginia Tech, Leo Plaksha, CAFRAL, IIT Bombay, Economics of Global Interaction Bari Italy*, UEA Montreal*,
Geography and City Size: Remains of Bukhara to the Modern US, with Rocco Rante and Federico Trionfetti - AMSE WP INFER WP
-- Awarded the 2025 INFER Research Prize in Rome.
Presentations (* if by co-author): Iowa State, Houston, PSE*, UEA Toronto, Econometric Society Winter Meetings (Manchester), EEA-ECEM (Barcelona), Dresden, Universite Paris-Saclay*, 19th ACEGD ISI Delhi, Economics of Global Interaction Bari Italy* , 27th INFERAC Rome*, UEA Montreal*, ISI Delhi
Expenditure Smoothing under Balanced Budget Rules, with Xavier Bautista, Steven Craig, Annie Hsu, Bent Sørensen, and Vasundhara Tanwar.
Presentations (* if by co-author): ES World Congress Milan, Midwest Macro Michingan State*, MVEA*, Eco lunch AMSE (France), U Houston*, North American Regional Science Denver*, Texas Camp Econometrics*, North American Summer Meetings of the Econometric Society Miami*
Work in Progress
Industrial Policy and Trade Tensions in Strategic Sectors with Lorenzo Rotunno and Michele Ruta [Preliminary draft available upon request].
Abstract: This paper examines the trade effects of industrial subsidies in strategic sectors, employing a multi-country multi-sector general equilibrium trade model with economies of scale. We first estimate the magnitude of industrial subsidies in strategic sectors across countries relying on a novel approach that exploits information over the period 2015-2023 on subsidy counts. We then quantify the impact of the implied subsidy rates in strategic sectors on trade flows and find that subsidies boost China's exports substantially, while causing export declines in competing economies, deepening sectoral trade imbalances. A decomposition of the trade effects highlights the role of economies of scale in explaining strong sectoral specialization in response to subsidies. These patterns are largely unchanged when we control for the 2018-19 US-China trade tensions.
AI-Innovation and Trade: Evidence from India with Despoina Balouktsi and Laura Contreras.
Choosing Winners? Aggregate Productivity Gains and Resource Allocation under India’s New Industrial Policy with Kriti Khanna.
Reports
A comment on Xu (2022). Reshaping Global Trade: The Immediate and Long-Term Effects of Bank Failures with Guillaume Bérard and Dimitria Freitas - No 85, I4R Discussion Paper Series.
Non-Economics Publications
Determining Sample Size and Power in Research Studies: A Manual for Researchers, with J. P. Verma, Springer Nature Singapore Pte Ltd. 2020. Online ISBN: 978-981-15-5204-5.