Research Interest

• Production Economics
• Productivity and Efficiency Analysis using both Stochastic Frontier Analysis (SFA) and Data Envelopment Analysis (DEA)
• Applied Industrial Economics
• Issues related to Indian Banking and Indian Financial Markets

  Office Location

• Room No.: HSB 341A
• E-mail : anup[at]iitm[.]ac[.]in
• Phone : +91 2257 4531

Past Research Experience

• Professor, Department of Humanities and Social Sciences, Indian Institute of Technology Madras, Chennai 600036, Tamil Nadu, India (Since January 2024)
• Associate Professor, Department of Humanities and Social Sciences, Indian Institute of Technology Madras, Chennai 600036, Tamil Nadu, India (July 2016 – December 2023)
• Assistant Professor, Department of Humanities and Social Sciences, Indian Institute of Technology Madras, Chennai 600036, Tamil Nadu, India (December 2012 – July 2016)
• Assistant Professor, Centre for Development Studies, Prasanth Nagar Road, Ulloor, Trivandrum, Kerala 695011, India (July 2009 – December 2012)
• Economist, ICRA Ltd., Kolkata (February 2008 – July 2009)
• Part-Time Research Fellow at the Indian Statistical Institute, Kolkata (August 2007 – February 2008)
• Completed Tenure as a Full-Time Research Fellow in the Indian Statistical Institute, Kolkata (August 2002 – July 2007)

• Taught Microeconomics, Statistics, Econometrics, Issues in Indian Industrial Development at the Centre for Development Studies, Trivandrum, India
• Instructed the IT Lab (#HM1140), Econometrics (#HS4011) and Applied Econometrics (#HS6510) to the Integrated MA Students of the Department of Humanities and Social Sciences at IIT Madras
• I also taught two contact courses to two final year students (one from Department of Humanities and Social Sciences (Course: Optimization and Economic Theory) and the other from the Department of Engineering Design (Course: Principles of Economics), IIT Madras) in Summer 2013
• Currently teaching Statistics (#HS3014) and Microeconomics (#HS3023) (as core courses to the Integrated MA students) and Principles of Economics (#HS3002) and Production Economics: Efficiency and Productivity Analysis (#HS6140) (as electives to the B Tech students) at IIT Madras.

• Prefer to teach Microeconomics; Statistics; Econometrics; Mathematical Economics; and other allied papers.

Research Papers

1. Single Authored

In Refereed Journals

• Withdrawal of the Multi-Fibre Agreement and Indian Textiles Industry: Concerns, Efforts and Achievements, Review of Development Economics, 25(3), 1397-1436,2021. https://onlinelibrary.wiley.com/doi/full/10.1111/rode.12760
• Bank Ownership and Efficiency in India: Some Fresh Evidence, Keio Economic Studies, 50, 1-28, 2014; http://koara.lib.keio.ac.jp/xoonips/modules/xoonips/detail.php?koara_id=AA00260492-20140000-0001
• Global Crisis, Environmental Volatility and Expansion of Indian Leather Industry, Journal of Quantitative Economics, New Series, 10 (1), 156-176, 2012; https://econpapers.repec.org/article/jqejqenew/v_3a10_3ay_3a2012_3ai_3a1_3ap_3a156-176.htm
• Total Factor Productivity Growth and its Decomposition: The Indian Banking Sector during Liberalization, Economic and Political Weekly, 47 (12), 68-76, 2012; https://www.jstor.org/stable/23214504?seq=1#metadata_info_tab_contents
• On the Distribution of Estimated Technical Efficiency in Stochastic Frontier Models: Revisited, International Journal of Business and Economics, 10 (1), 69-80, 2011; https://ijbe.fcu.edu.tw/assets/ijbe/past_issue/No.10-1/pdf/vol_10-1-6.pdf
• Concentration, Entry Barriers and Profitability in the Indian Industries: An Empirical Analysis, Journal of Quantitative Economics, New Series, 8 (2), 61-80, 2010; https://econpapers.repec.org/article/jqejqenew/v_3a8_3ay_3a2010_3ai_3a2_3ap_3a61-80.htm

2. Jointly with MA students, from their Project dissertation

In Refereed Journals

•  Stability of Cooperative Banks in Kerala, India: A Comparative Study of Banks across Ownership Structures (with H. M. Ashraf), Prajnan, April-June 2023, 52 (1), 29-56; https://www.nibmindia.org/prajnan/
• An Investigation into the Selected Non-banking Financial Companies in India: Performance, Concerns, and Regulatory Requirements. (with Nithin Pradeep), Economic and Political Weekly, 57 (44-45), 49-57, 2022. https://www.epw.in/journal/2022/44-45/special-articles/investigation-selected-non-banking-financial.html
• Kerala State Road Transport Corporation: A Relook at Its Efficiency and Potential (with P. Sreelakshmi), Economic and Political Weekly, 55 (48), 57-64, 2020. https://www.epw.in/journal/2020/48/special-articles/kerala-state-road-transport-corporation.html
• Institutionalist versus Distortionist Views of Labor Market Reforms: An Investigation into the Post-Liberalized Manufacturing Sector in India (with A. Sudarsan), Journal of Economics, Finance and Administrative Science, 21 (41), 63-72, 2016; http://www.sciencedirect.com/science/article/pii/S2077188616300208

3. Jointly with Doctoral Scholars

In Refereed Journals

• Towards a Better Measure of Productivity in India: A Case of Chemical and Chemical Products Industry (with Vipin V.), Indian Growth and Development Review, 16 (2), 105-122, 2023. https://www.emerald.com/insight/content/doi/10.1108/IGDR-08-2022-0092/full/html
• Risk Factors, Uncertainty, and Investment Decision: Evidence from Mutual Fund Flows from India (with Elizabeth N.), Indian Economic Review, 57 (2), 349-372, 2022. https://link.springer.com/article/10.1007/s41775-022-00155-8
• Dynamics of total factor productivity growth: An empirical analysis of Indian commercial banks (with Md Shahid Zaman and Vipin V.) Journal of Economic Asymmetries, 26, November 2022. https://www.sciencedirect.com/science/article/pii/S1703494922000287
• Stressed Assets, Off-Balance Sheet Business Activities and Performance of Indian Banking Sector: A DEA Double Bootstrap Approach (with Md Shahid Zaman), Studies in Economics and Finance. 39 (4), 572 – 592, 2022. https://www.emerald.com/insight/content/doi/10.1108/SEF-09-2020-0369/full/html
• Financial Deregulation, Competition and Cost Efficiency of Indian Commercial Banks: Is there any Convergence? (with Md. Shahid Zaman), Indian Economic Review, 55 (2), 283-312, 2020. https://link.springer.com/article/10.1007/s41775-020-00100-7
• Outsourcing and Firm Performance Nexus: An Analysis Using the Conventional and Panel Double-bootstrap Procedure (with Vipin V.), Research in International Business and Finance, Vol. 54 (December 2020). https://www.sciencedirect.com/science/article/pii/S0275531919302363?dgcid=coauthor#
• Conventional Procedure vis-à-vis Bootstrap-Based Corrections of Efficiency Analyses (with Vipin V.), Indian Growth and Development Review, 13 (3), 505-536, 2020. https://www.emerald.com/insight/content/doi/10.1108/IGDR-04-2019-0035/full/html
• Credit Risk – Return Puzzle: Evidence from India (with Elizabeth N.), Economic Modelling, 92, 195-206, 2020. https://www.sciencedirect.com/science/article/pii/S0264999319305528 
• Efficiency and Related Technological Aspects of the Indian Food Processing Industry: A Non-Parametric Analysis (with Vipin, V.), The Journal of Developing Areas, 50 (6), (Special Issue), 227-243, 2016; https://muse.jhu.edu/article/626804/pdf

In Edited Volume

• Investors’ Attention and Stock Returns: Recent Indian Evidence (with Elizabeth N.) in Contemporary Issues in Econometrics: Theory and Application, by Anil K. Bera and Srikanta Kundu (Eds.), Springer International, (Forthcoming).

4. Jointly with Mentors

In Refereed Journals

• Efficiency of the Indian Leather Firms: Some Results Obtained using the Two Conventional Methods (with Pradip Maiti), Journal of Productivity Analysis, 37 (1), 73-93, 2012; https://www.jstor.org/stable/43548527. Also available at https://link.springer.com/article/10.1007%2Fs11123-011-0219-1
• Technical Efficiency in the Indian Textiles Industry: A Non-Parametric Analysis of Firm-Level Data (with Subhash C. Ray), Bulletin of Economic Research, 64 (1), 109-124, 2012; https://onlinelibrary.wiley.com/doi/10.1111/j.1467-8586.2010.00381.x
• Efficiency of Indian Manufacturing Firms: Textile Industry as a Case Study (with Pradip Maiti), International Journal of Business and Economics, 6 (1), 71-88, 2007; https://ijbe.fcu.edu.tw/assets/ijbe/past_issue/No.06-1/pdf/vol_6-1-6.pdf

In Edited Volume

• Efficiency of Indian Leather Firms: A Stochastic Frontier Analysis (with Pradip Maiti) in Themes on Quantitative Economics, by Arpita Dhar (Ed.), The Allied Publishers.

5. Jointly with other collaborators

In Refereed Journals

• Operational Efficiency in the Presence of Undesirable Byproducts: An Analysis of Indian Banking Sector under Traditional and Market-Based Banking Framework (with G. Sanati), Indian Growth and Development Review, 2024. https://www.emerald.com/insight/content/doi/10.1108/IGDR-07-2023-0093/full/html
• Dynamics of Operational Efficiency in Credit Lending and Recovery of Stressed Assets: An Alternative Approach with Undesirable By-Products (with G. Sanati), Journal of Quantitative Economics, 2024. https://link.springer.com/article/10.1007/s40953-024-00389-8
• Distinctive Pay-Off of Packing Credit and Alternate Bank Credits for Large and Small Exporters of India: A Nonlinear Approach (with G. Sanati and R. P. Ray), Global Business Review, 2023. https://journals.sagepub.com/doi/10.1177/09721509231152984
• Efficiency of Elementary Education System in India: Exploration of Regional Asymmetries and Convergence Clubs (with R. Gulati and S. Kumar), Artha Vijnana, 66 (2), 139-167, 2024. https://gipe.ac.in/wp-content/uploads/2024/06/Artha-Vijnana_June-24.pdf.
• Does Win-Win Opportunity always Result in Pollution Abatement? An Application of Directional Distance Function to Indian Cement Industry” (with Sabuj K. Mandal), The Journal of Developing Areas, 54 (4), 161-174, 2020. https://muse.jhu.edu/article/738668/pdf

In Edited Volume

• Productive Efficiency of Agricultural Sector in Uttar Pradesh (with K. S. Khati and D. Mukherjee) in Contemporary Issues in Sustainable Development: The Case of India, by T. Chakraborty, D. Mukherjee, and S. Saha (Eds.), Routledge India, ISBN (Hardback): 978-1-138-22710-1, 2020. https://www.routledge.com/Contemporary-Issues-in-Sustainable-Development-The-Case-of-India/Chakraborty-Mukherjee-Saha/p/book/9780367692315
• Productivity, Technical Progress and Scale Efficiency in Indian Manufacturing: New Evidence using Non-Parametric Approach (with other co-authors) in Productivity in Indian Manufacturing: Measurement, Methods and Analysis by Vinish Kathuria, Kunal Sen and Rajesh Raj (Eds.), The Rutledge. https://www.routledge.com/Productivity-in-Indian-Manufacturing-Measurements-Methods-and-Analysis/Kathuria-SN-Sen/p/book/9780367176808

Research Guidance

• Guided Three Ph.D. scholars (degree awarded)
  • “Credit Risk, Investor Attention and Investment Decisions: An Empirical Investigation into the Indian Equity Market”—by Elizabeth N. (Solo Guidance)
  • “Performance of Indian Commercial Banks: A Post Deregulation Experience”—by Md. Shahid Zaman (Solo Guidance)
  • “Performance of Indian Industries: Conventional and Bootstrap-Based Inferences”—by Vipin V. (Solo Guidance)
• Currently guiding Two regular (sole guidance) and two external Ph.D. scholars at the IIT Madras
• (Jointly with other colleagues) Guided FOUR students to complete their MPhil Dissertation at the Centre for Development Studies.
• A number of students completed MA projects under my guidance
• Guided two Interns to complete a short-term research project during summer vacations successfully.

Research Project

Ongoing

• Performance benchmarking of school education system in India: A case study of Bihar and UP. (Jointly with collaborators from IIT Roorkee and South Asian University).

Completed

• Participated as a group member in completing the Planning Commission of India’s project Mid-term Appraisal of Eleventh Five-Year Plan of Kerala. The project report is already submitted to the Planning Commission.
• An Assessment of Performance of Indian Textiles Industry: 1999-2000 to 2014-15 (Submitted the Final Report) (The Report is Accepted and Recommended for Publication by the ICSSR) (ICSSR funded project, valued INR 9 Lakh)
• Capital Asset Pricing Model: An Investigation into the Indian Stock Market (NFSC Project at IIT Madras)

• Junior (and subsequently, Senior) Research Fellowship of the Indian Statistical Institute, Kolkata
• University Gold Medal for standing first in M. Sc. Economics, 2001
• University Gold Medal for standing first in Economics Honours, 1999
• Harisadhan Bhattacharya Memorial Award for standing 1^st amongst the successful candidates in Economics (Honours) of the University, 1999
• National Scholarship for students of class VIII in the Rural Areas, 1992

• Organized (Jointly with other colleagues) XI Annual Conference of the Forum for Global Knowledge Sharing (FGKS) at the Department of Humanities and Social Sciences, IIT Madras, December 3-5, 2016; Theme: Globalization of Technology and Development.
• Organized (Jointly with other colleagues) XIV Annual Conference of the Forum for Global Knowledge Sharing (FGKS) at the Department of Humanities and Social Sciences, IIT Madras, October 11-13, 2019; Theme: Technology and Economy.

• Dynamics of Operational Efficiency in Credit Lending and Recovery of Stressed Assets: An Alternative Approach with Undesirable By-Products, presented at the 18th European Workshop on Efficiency and Productivity Analysis, University of Algarve, Faro, Portugal during June 18-21, 2024.
• Financial Deregulation, Competition and Cost Efficiency of Indian Commercial Banks: Is there any Convergence?, presented at the Workshop on Data Envelopment Analysis for Performance Evaluation and Benchmarking during January 12-14, 2020
• Performance of Indian Textiles Industry: A Non-Parametric Analysis for the Last One and Half Decade, presented (online) at the 16th International Conference on Data Envelopment Analysis organized by the Jianghan University, Wuhan, China during October 25-28, 2018
• 15th European Workshop on Efficiency and Productivity Analysis, Loughborough University, London, UK during June 12-15, 2017
• 52nd Annual Conference of The Indian Econometric Society held at IIM Kozhikode, Kerala, India during January 4-6, 2016
• ESRC Productivity Workshop held at Sailesh J. Mehta School of Management, Indian Institute of Technology, Bombay, India during March 18-19, 2011
• 47th Annual Conference of the Indian Econometric Society held at Devi Ahilya University, Indore, Madhya Pradesh, India during January 6-8, 2011
• CAS Conference at the Jadavpur University, Kolkata, West Bengal, India during January 7-8, 2010
• The 3rd ECONference at the University of Burdwan, West Bengal, India during December 29-30, 2009.
• The 30th Anniversary Conference of the Institute of Rural Management Anand, Anand, Gujarat, India during December 15-16, 2009
• UGC-SAP Conference at the Centre for Economic Studies and Planning (CESP), School of Social Sciences, Jawaharlal Nehru University, New Delhi, India during January 31 – February 2, 2008
• 5th International Symposium on DEA at the Indian School of Business, Hyderabad, India during January 5-7, 2007
• South and South East Asia Econometric Society Meeting (SAMES06) at The Institute of Financial Management and Research (IFMR), Chennai, India during December 18-20, 2006
• 3rd Annual Conference of Planning Unit, Indian Statistical Institute, Delhi during December 13-15, 2006
• Presented a paper in the 2nd International Conference on Issues in Development Economics, Department of Economics, University of Burdwan, West Bengal, January 30-31, 2006