Details about Parantap Basu

Homepage:	https://www.dur.ac.uk/business/research/economics/economic-growth-and-policy/profile/index.php?mode=
Workplace:	Business School, Durham University, (more information at EDIRC)

Access statistics for papers by Parantap Basu.

Last updated 2025-05-15. Update your information in the RePEc Author Service.

Short-id: pba671

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Working Papers

2023

1. Trilemma or Trinity? The Nexus of Economic Growth, Circular Economy and Net Zero
   Working Papers, Copenhagen Business School, Department of Economics
   See also Journal Article Trilemma or Trinity? The nexus of economic growth, circular economy and net zero, Energy Economics, Elsevier (2024) (2024)
2. Why do urban people in India succumb to Covid 19 more? Investigating the Role of Lifestyle Disorder Disease
   Department of Economics Working Papers, Durham University, Department of Economics

2021

3. Cross-country Disparities in Skill Premium and Skill Acquisition
   Department of Economics Working Papers, Durham University, Department of Economics View citations (1)
   See also Journal Article Cross‐country disparities in skill premium and skill acquisition, Economic Inquiry, Western Economic Association International (2023) (2023)

2020

4. Administrative failures in anti-poverty programmes and household welfare: An investigation of India's employment guarantee programme
   WIDER Working Paper Series, World Institute for Development Economic Research (UNU-WIDER)
5. On Green Growth with Sustainable Capital
   Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge View citations (1)
   Also in Working Papers, Energy Policy Research Group, Cambridge Judge Business School, University of Cambridge (2020) View citations (1)
   Working Papers, Copenhagen Business School, Department of Economics (2020) View citations (1)
   Department of Economics Working Papers, Durham University, Department of Economics (2019) View citations (6)

2018

6. A Monetary Business Cycle Model for India
   Discussion Papers, Indian Statistical Institute, Delhi View citations (5)
   See also Journal Article A MONETARY BUSINESS CYCLE MODEL FOR INDIA, Economic Inquiry, Western Economic Association International (2020) View citations (14) (2020)
7. Unconventional Monetary Policy and the Bond Market in Japan: A New-Keynesian Perspective
   IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan
   See also Journal Article Unconventional monetary policy and the bond market in Japan: A new Keynesian perspective, Japan and the World Economy, Elsevier (2023) View citations (1) (2023)

2017

8. An Empirical Investigation of Risk Sharing among Indonesian Households
   CEMAP Working Papers, Durham University Business School
   Also in CEMAP Working Papers, Durham University Business School (2015)
9. Redistributive Innovation Policy, Inequality and Efficiency
   CEMAP Working Papers, Durham University Business School
   Also in Working Papers, University of Pretoria, Department of Economics (2017) View citations (1)
   See also Journal Article Redistributive innovation policy, inequality, and efficiency, Journal of Public Economic Theory, Association for Public Economic Theory (2020) View citations (3) (2020)

2016

10. Business Cost and Skill Acquisition
    CEMAP Working Papers, Durham University Business School

2015

11. A Dynamic Stochastic General Equilibrium Model for India
    NCAER Working Papers, National Council of Applied Economic Research View citations (10)
12. Effect of Quantitative Easing on the Indian Economy: A Dynamic Stochastic General Equilibrium Perspective
    CEMAP Working Papers, Durham University Business School
13. Welfare Implications of India's Employment Guarantee Programme with a Wage Payment Delay
    IZA Discussion Papers, Institute of Labor Economics (IZA) View citations (4)
    Also in CEMAP Working Papers, Durham University Business School (2015) View citations (7)

2014

14. Quantitative Easing in an Endogenous Growth Model
    CEMAP Working Papers, Durham University Business School

2013

15. Universal Banking, Asymmetric Information and the Stock Market
    CEMAP Working Papers, Durham University Business School View citations (1)
    See also Journal Article Universal banking, asymmetric information and the stock market, Economic Modelling, Elsevier (2017) (2017)

2011

16. Altruism, Education Subsidy and Growth
    Department of Economics Working Papers, Durham University, Department of Economics
    Also in MPRA Paper, University Library of Munich, Germany (2010)
    EERI Research Paper Series, Economics and Econometrics Research Institute (EERI), Brussels (2010)
17. Government bias in education, schooling attainment and growth
    MPRA Paper, University Library of Munich, Germany
18. Who pays for job training?
    Department of Economics Working Papers, Durham University, Department of Economics
    Also in CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2008)

2010

19. Negative Correlation between Stock and Futures Returns: An Unexploited Hedging Opportunity?
    2010 Meeting Papers, Society for Economic Dynamics View citations (2)
    See also Journal Article NEGATIVE CORRELATION BETWEEN STOCK AND FUTURES RETURNS: AN UNEXPLOITED HEDGING OPPORTUNITY?, Bulletin of Economic Research, Wiley Blackwell (2017) View citations (1) (2017)
20. Productive Government Purchases and the Real Exchange Rate
    Working Papers ECARES, ULB -- Universite Libre de Bruxelles View citations (33)
    See also Journal Article PRODUCTIVE GOVERNMENT PURCHASES AND THE REAL EXCHANGE RATE, Manchester School, University of Manchester (2013) View citations (12) (2013)

2009

21. Inflation, Human Capital and Tobin's q
    Cardiff Economics Working Papers, Cardiff University, Cardiff Business School, Economics Section View citations (1)
    See also Journal Article Inflation, human capital and Tobin's q, Journal of Economic Dynamics and Control, Elsevier (2012) View citations (5) (2012)
22. Uninsurable Risk and Financial Market Puzzles
    MPRA Paper, University Library of Munich, Germany View citations (4)
    Also in CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis (2007) View citations (1)
    See also Journal Article Uninsurable risk and financial market puzzles, Journal of International Money and Finance, Elsevier (2011) View citations (4) (2011)

2007

23. Understanding Labour Market Frictions: A Tobin’s Q Approach
    Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group

2006

24. Understanding Labour Market Frictions: A Tobin’s Q Approach
    CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis

2005

25. Uninsured Risks, Loan Contracts and the Declining Equity Premium
    CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis

2004

26. A New Methodology For Studying The Equity Premium
    Royal Economic Society Annual Conference 2004, Royal Economic Society View citations (3)
    See also Journal Article A new methodology for studying the equity premium, Annals of Operations Research, Springer (2010) View citations (3) (2010)
27. Inequality and Industrialization
    CDMA Conference Paper Series, Centre for Dynamic Macroeconomic Analysis
28. Optimal Dynamic Taxation with Indivisible Labour
    CEPR Discussion Papers, C.E.P.R. Discussion Papers View citations (3)
    Also in Money Macro and Finance (MMF) Research Group Conference 2003, Money Macro and Finance Research Group (2004) View citations (1)
    See also Journal Article Optimal Dynamic Taxation with Indivisible Labour, Manchester School, University of Manchester (2004) View citations (2) (2004)

2002

29. Estimation of the Saving Function without Expected Utility
    Working Papers, York University, Department of Economics
30. What Drives the Cross-Country Growth and Inequality Correlation?
    Working Papers, Department of Economics, The University of Auckland
    See also Journal Article What drives the cross-country growth and inequality correlation?, Canadian Journal of Economics, Canadian Economics Association (2005) View citations (11) (2005)
31. When to Tax Labour?
    CEPR Discussion Papers, C.E.P.R. Discussion Papers
    Also in Wallis Working Papers, University of Rochester - Wallis Institute of Political Economy View citations (1)

2000

32. The Growth-Inequality Relationship in a Model with Discrete Occupational Choice and Redistributive Tax
    Econometric Society World Congress 2000 Contributed Papers, Econometric Society
    Also in Working Papers, Department of Economics, The University of Auckland (1999) View citations (1)

1999

33. Redistributive Tax and Growth in a Model with Discrete Occupation choice
    Working Papers, Department of Economics, The University of Auckland View citations (7)
    See also Journal Article Redistributive Tax and Growth in a Model with Discrete Occupational Choice, Australian Economic Papers, Wiley Blackwell (2001) View citations (7) (2001)

1998

34. A RE-EXAMINATION OF EXCESS SENSITIVITY PUZZLE WHEN CONSUMERS FORECAST THE INCOME PROCESS
    PRG Working Papers, Katholieke Universiteit Leuven, LICOS - Centre for Institutions and Economic Performance

Journal Articles

2025

1. Rural–Urban Divide of COVID-19 Fatalities in India—Investigating the Role of Lifestyle Disorder Diseases
   Journal of Quantitative Economics, 2025, 23, (1), 33-58

2024

2. Labour immobility between industries: Consequences for the macroeconomy
   Economic Systems, 2024, 48, (2)
3. Payment delay in workfare programmes and household welfare: Theory and some evidence from India
   Manchester School, 2024, 92, (2), 93-121
4. Trilemma or Trinity? The nexus of economic growth, circular economy and net zero
   Energy Economics, 2024, 138, (C)
   See also Working Paper Trilemma or Trinity? The Nexus of Economic Growth, Circular Economy and Net Zero, Working Papers (2023) (2023)

2023

5. Cross‐country disparities in skill premium and skill acquisition
   Economic Inquiry, 2023, 61, (1), 179-198
   See also Working Paper Cross-country Disparities in Skill Premium and Skill Acquisition, Department of Economics Working Papers (2021) View citations (1) (2021)
6. Unconventional monetary policy and the bond market in Japan: A new Keynesian perspective
   Japan and the World Economy, 2023, 67, (C) View citations (1)
   See also Working Paper Unconventional Monetary Policy and the Bond Market in Japan: A New-Keynesian Perspective, IMES Discussion Paper Series (2018) (2018)

2022

7. COVID Social Distancing and the Poor: An Analysis of the Evidence for England
   The B.E. Journal of Macroeconomics, 2022, 22, (1), 211-240 View citations (2)

2021

8. Regional disparity of covid-19 infections: an investigation using state-level Indian data
   Indian Economic Review, 2021, 56, (1), 215-232 View citations (3)

2020

9. A MONETARY BUSINESS CYCLE MODEL FOR INDIA
   Economic Inquiry, 2020, 58, (3), 1362-1386 View citations (14)
   See also Working Paper A Monetary Business Cycle Model for India, Discussion Papers (2018) View citations (5) (2018)
10. Redistributive innovation policy, inequality, and efficiency
    Journal of Public Economic Theory, 2020, 22, (3), 532-554 View citations (3)
    See also Working Paper Redistributive Innovation Policy, Inequality and Efficiency, CEMAP Working Papers (2017) (2017)

2019

11. Capital adjustment cost and inconsistency in income-based dynamic panel models with fixed effects
    German Economic Review, 2019, 20, (4), e1002-e1018 View citations (5)
    Also in German Economic Review, 2019, 20, (4), e1002-e1018 (2019) View citations (5)
12. TECHNOLOGY SHOCKS AND BUSINESS CYCLES IN INDIA
    Macroeconomic Dynamics, 2019, 23, (5), 1721-1756 View citations (19)

2017

13. NEGATIVE CORRELATION BETWEEN STOCK AND FUTURES RETURNS: AN UNEXPLOITED HEDGING OPPORTUNITY?
    Bulletin of Economic Research, 2017, 69, (3), 209-215 View citations (1)
    See also Working Paper Negative Correlation between Stock and Futures Returns: An Unexploited Hedging Opportunity?, 2010 Meeting Papers (2010) View citations (2) (2010)
14. Universal banking, asymmetric information and the stock market
    Economic Modelling, 2017, 60, (C), 180-193
    See also Working Paper Universal Banking, Asymmetric Information and the Stock Market, CEMAP Working Papers (2013) View citations (1) (2013)

2016

15. Partial inflation indexation and long-run inflation targeting in a growing economy: A comparison of Calvo and Rotemberg pricing models
    Journal of Macroeconomics, 2016, 50, (C), 293-306 View citations (2)

2015

16. An adjustment cost model of social mobility
    Journal of Macroeconomics, 2015, 44, (C), 177-190 View citations (5)
17. Borrower's moral hazard, risk premium, and welfare: A comparison of universal and stand-alone banking systems
    The Journal of Economic Asymmetries, 2015, 12, (1), 61-72 View citations (1)

2013

18. PRODUCTIVE GOVERNMENT PURCHASES AND THE REAL EXCHANGE RATE
    Manchester School, 2013, 81, (4), 461-469 View citations (12)
    See also Working Paper Productive Government Purchases and the Real Exchange Rate, Working Papers ECARES (2010) View citations (33) (2010)

2012

19. Cognitive Skills, Openness and Growth
    The Economic Record, 2012, 88, (280), 18-38 View citations (10)
20. Government Bias in Education, Schooling Attainment, and Long‐Run Growth
    Southern Economic Journal, 2012, 79, (1), 127-143 View citations (1)
21. Inflation, human capital and Tobin's q
    Journal of Economic Dynamics and Control, 2012, 36, (7), 1057-1074 View citations (5)
    See also Working Paper Inflation, Human Capital and Tobin's q, Cardiff Economics Working Papers (2009) View citations (1) (2009)

2011

22. International business cycles and the relative price of investment goods
    Canadian Journal of Economics, 2011, 44, (2), 580-606 View citations (13)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2011, 44, (2), 580-606 (2011) View citations (10)
23. Uninsurable risk and financial market puzzles
    Journal of International Money and Finance, 2011, 30, (6), 1055-1089 View citations (4)
    See also Working Paper Uninsurable Risk and Financial Market Puzzles, MPRA Paper (2009) View citations (4) (2009)
24. What explains the growth in commodity derivatives?
    Review, 2011, 93, (Jan), 37-48 View citations (11)

2010

25. A new methodology for studying the equity premium
    Annals of Operations Research, 2010, 176, (1), 109-126 View citations (3)
    See also Working Paper A New Methodology For Studying The Equity Premium, Royal Economic Society Annual Conference 2004 (2004) View citations (3) (2004)
26. Government Purchases and the Real Exchange Rate: A Comment
    Open Economies Review, 2010, 21, (1), 65-67 View citations (1)

2009

27. UNDERSTANDING LABOUR MARKET FRICTIONS: AN ASSET PRICING APPROACH
    Bulletin of Economic Research, 2009, 61, (4), 305-324 View citations (1)

2008

28. Does Low Education Delay Structural Transformation?
    Southern Economic Journal, 2008, 75, (1), 104-127 View citations (1)

2007

29. Foreign Direct Investment, inequality, and growth
    Journal of Macroeconomics, 2007, 29, (4), 824-839 View citations (128)
30. OPTIMAL DYNAMIC LABOR TAXATION
    Macroeconomic Dynamics, 2007, 11, (5), 567-588 View citations (2)

2006

31. Is low international risk sharing consistent with a high equity premium? A reconciliation of two puzzles
    Economics Letters, 2006, 93, (3), 436-442 View citations (4)

2005

32. Trade Opening and the Behavior of Emerging Stock Market Prices
    Journal of Economic Integration, 2005, 20, 68-92 View citations (12)
33. What drives the cross-country growth and inequality correlation?
    Canadian Journal of Economics, 2005, 38, (4), 1272-1297 View citations (11)
    Also in Canadian Journal of Economics/Revue canadienne d'économique, 2005, 38, (4), 1272-1297 (2005) View citations (3)
    See also Working Paper What Drives the Cross-Country Growth and Inequality Correlation?, Working Papers (2002) (2002)

2004

34. Optimal Dynamic Taxation with Indivisible Labour
    Manchester School, 2004, 72, (s1), 34-54 View citations (2)
    See also Working Paper Optimal Dynamic Taxation with Indivisible Labour, CEPR Discussion Papers (2004) View citations (3) (2004)

2003

35. Liberalization, FDI, and Growth in Developing Countries: A Panel Cointegration Approach
    Economic Inquiry, 2003, 41, (3), 510-516 View citations (84)

2002

36. Foreign direct investment and growth in India: a cointegration approach
    Applied Economics, 2002, 34, (9), 1061-1073 View citations (93)

2001

37. A Note on Modelling Money Demand in Growing Economies
    Bulletin of Economic Research, 2001, 53, (1), 53-60
38. A Re-examination of the Excess Smoothness Puzzle When Consumers Estimate the Income Process
    Journal of Forecasting, 2001, 20, (5), 357-66 View citations (1)
39. A Re-examination of the Excess Smoothness Puzzle When Consumers Estimate the Income Process: Erratum
    Journal of Forecasting, 2001, 20, (7), 541
40. Interest rate risk, labor supply and unemployment
    Economic Modelling, 2001, 18, (2), 223-231 View citations (5)
41. Redistributive Tax and Growth in a Model with Discrete Occupational Choice
    Australian Economic Papers, 2001, 40, (2), 111-132 View citations (7)
    See also Working Paper Redistributive Tax and Growth in a Model with Discrete Occupation choice, Working Papers (1999) View citations (7) (1999)
42. Reserve Ratio, Seigniorage and Growth
    Journal of Macroeconomics, 2001, 23, (3), 397-416 View citations (27)
43. Tax rate uncertainty, labor supply and saving in a nonexpected utility maximizing model
    The Quarterly Review of Economics and Finance, 2001, 41, (1), 49-68 View citations (2)
44. Volatility and stock prices: implications from a production model of asset pricing
    Economics Letters, 2001, 70, (2), 229-235 View citations (5)

1996

45. Inflation, Growth and Policy Coordination
    Philippine Review of Economics, 1996, 33, (2), 253-282 View citations (1)
46. The behavior of velocity and nominal interest rates in a cash-in-advance model
    Journal of Macroeconomics, 1996, 18, (3), 463-478 View citations (5)
47. Velocity instability in the USA: a monetary or real phenomenon?
    Applied Economics Letters, 1996, 3, (9), 581-585

1995

48. Forecasting consumption, income and real interest rates from alternative state space models
    International Journal of Forecasting, 1995, 11, (2), 217-231 View citations (5)
49. Tax rate uncertainty and the sensitivity of consumption to income in an overlapping generations model
    Journal of Economic Dynamics and Control, 1995, 19, (1-2), 421-439 View citations (3)

1994

50. Capital risk and consumption puzzles: A pedagogical note
    Journal of Economics, 1994, 60, (1), 99-107 View citations (1)

1993

51. Mean Reversion in GNP and Stock Prices: An Adjustment Cost Hypothesis
    Kyklos, 1993, 46, (1), 87-104 View citations (2)

1991

52. Terms of trade fluctuations and economic growth in developing economies
    Journal of Development Economics, 1991, 37, (1-2), 89-110 View citations (34)

1990

53. A martingale theory of asset pricing in a production economy
    Mathematical Social Sciences, 1990, 20, (3), 215-225 View citations (1)
54. Business cycles with endogenous growth: A parametric example
    Journal of Macroeconomics, 1990, 12, (3), 475-481 View citations (1)

1987

55. An Adjustment Cost Model of Asset Pricing
    International Economic Review, 1987, 28, (3), 609-21 View citations (28)
56. An optimal redistributive capital income tax formula for an economy with public investment
    Economics Letters, 1987, 23, (1), 79-82 View citations (2)

1985

57. Equity premium in a production economy: A parametric example
    Economics Letters, 1985, 18, (1), 53-58 View citations (1)

Chapters

2009

1. Too Hungry to Read: Is an Education Subsidy a Misguided Policy for Development?
   Chapter 13 in Handbook of Research on Cost–Benefit Analysis, 2009