Research

Publications

NOTE: All papers in this section are copyrighted by their publishers and are not to be reproduced without appropriate permission.

• Road Infrastructure and Skill Premium: Evidence from Indian Manufacturing (with T. Lebesmuehlbacher and A. Narayanan). Journal of Development Economics, Vol. 174, 103408 (2025).

• Government expenditure and informality in an emerging economy: the recent experience of India (with S.J. Turnovsky). Indian Economic Review 58 (Suppl 2), 293–318 (2023). https://doi.org/10.1007/s41775-023-00183-y

• Foreign Aid, Public Investment, and the Informal Economy (with Mark Kelly and Stephen Turnovsky). Economic Inquiry, Vol 60 (1), 174-201 (2022).

• How Productive is Public Investment? Evidence from Formal and Informal Production in India (with Thomas Lebesmuehlbacher and Abhinav Narayanan). Journal of Development Economics, Vol. 151, 102625 (2021).

• Public versus Private Investment in Determining Child Health Outcomes: Evidence from India (with Divya Balasubramaniam and David Mustard). Arthaniti: Journal of Economic Theory and Practice 19 (1), 28-60 (2020).

• The Macroeconomic Consequences of Remittances (with Berrak Bahadir and Thomas Lebesmuehlbacher). Journal of International Economics 111, 214-232 (2018).

• Remittances and the Informal Economy (with Stephen Turnovsky). Journal of Development Economics 133, 66-83 (2018).

• Public Investment, Debt, and Welfare: A Quantitative Analysis (with John Gibson and Felix Rioja). Journal of Macroeconomics 56, 204-217 (2018).

• Optimal Public Debt Redux (with John Gibson and Felix Rioja). Journal of Economic Dynamics and Control 83, 162-174 (2017).

• Fiscal Policy and the Real Exchange Rate (with Azer Mursagulov). Macroeconomic Dynamics 20, 1742-1770 (2016).

• Got Water? Social Divisions and Access to Public Goods in Rural India (with Divya Balasubramaniam and David Mustard). Economica 81, 140-160 (2014).

• Infrastructure and Inequality (with Stephen Turnovsky). European Economic Review 56, 1730-1745 (2012).

• Where Has all the Money Gone? Foreign Aid and the Composition of Government Spending (with Paola Giuliano and Ilker Kaya). B.E. Journal of Macroeconomics: Contributions 12 (1), 1-34 (2012).

• Growth and Inequality: Dependence on the Time Path of Productivity Increases (and Other Structural Changes) (with Manoj Atolia and Stephen Turnovsky).  Journal of Economic Dynamics and Control 36, 331-348 (2012).

• The Dual Nature of Public Goods and Congestion: The Role of Fiscal Policy Revisited (with S. Ghosh). Canadian Journal of Economics 44, 1471-1496 (2011).

• Infrastructure Provision and Macroeconomic Performance (with M. Morshed). Journal of Economic Dynamics and Control 35, 1151-1386 (2011).

• How Misleading is Linearization? Evaluating the Dynamics of the Neoclassical Growth Model (with M. Atolia and S.J. Turnovsky). Journal of Economic Dynamics and Control 34, 1550-1571 (2010).

• Should the Private Sector Provide Public Capital? with Appendix. Macroeconomic Dynamics, vol. 11, no. 3, 318-346 (2007).

• Foreign Aid and Economic Growth: The Role of Flexible Labor Supply  (with S.J. Turnovsky). Journal of Development Economics, vol. 84, issue 1, 507-533 (2007).

• Capital Utilization, Economic Growth and Convergence.  Journal of Economic Dynamics and Control, vol. 29, issue 12, 2093-2124 (2005) (lead article).    

• Financing Public Investment Through Foreign Aid: Consequences for Economic Growth and Welfare (with S.J. Turnovsky). Review of International Economics, vol. 13, No. 1, 20-44, (2005).

• 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, vol. 6, issue 2, 277-310 (2004).

• Unilateral Capital Transfers, Public Investment and Economic Growth (with G. Sakoulis and S.J. Turnovsky). European Economic Review, vol. 47 (6), 1077-1103, (2003).

• 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 vol. 16, 405-435, (2002) (lead article). NBER-CEPR Special Issue on Fiscal Adjustment.

Invited Papers, Books and Book Chapters

• Substitutability of Capital, Investment Costs and Foreign Aid (with S.J. Turnovsky). Economic Growth and Macroeconomic Dynamics: Recent Developments in Economic Theory, Cambridge University Press (2004), S. Dowrick, R. Pitchford, and S.J. Turnovsky (eds.)

• Workbook for Methods of Macroeconomic Dynamics (with S.J. Turnovsky and M.K. Hendrickson), The MIT Press.  Second Edition, 2000.

Current Research

• Delays in Public Goods (with O. Posch and D. Wesselbaum). CESifo Working Paper No. 6341

• Optimal Debt in a Small Open Economy (with J. Gibson and T. Lebesmuehlbacher).

• Remittances and Precautionary Savings (with J. Gibson and T. Lebesmuehlbacher).