As an early career academic, she has been able to carve out a niche for herself in the research arena of the competitive field of economics. As an avid researcher, she has published her work in globally acclaimed and accredited journals of repute. When she’s away from scholastic pursuits in academia, she prefers to travel to serene destinations, listen to music across genres and read non-fiction books.
Prof. Niyati Bhanja
Associate Professor, Head of Curriculum and Programme Integration Lead
Academic Area: People, Strategy and Operations
Niyati specializes in Economics with a specific interest in Macroeconomics and Econometric Modelling. She has previously worked as an Assistant Professor at University of Petroleum and Energy Studies, Dehradun (India). She is an alumna of the Ravenshaw University from where she is armed with a BA(Hons. with Distinction) & MA (2nd Rank in University) in Economics. Higher academic credentials include an MPhil in Economics (Class of 2010) & Ph.D. (Class of 2014) from Pondicherry Central University.
2. Areas of Teaching/Training
- Microeconomics
- Macroeconomics
- Business Forecasting
- Economics of Strategy
- Development Economics
- Quantitative Techniques
3. Awards & Honours
- M.J. Manohar Rao Young Economist Award for her research contribution to the field of Applied Economics, by the Indian Econometric Society (TIES) - 2019
- Scholarship from the Reserve Bank of India (RBI) to conduct a research project on Exchange Rate Pass-through - 2015.
- Nominated for the Alan M. Rugman Young Scholar Award instituted by the Academy of International Business - 2023
4. Research Publications
4.1.Peer-Reviewed Journal Articles:
- Dar, A.B., Bhanja, N., Paul, N., & Farooq, U. (2024) Shaping a greener tomorrow: Analysing the impact of environment-friendly technology on ecological footprints in emerging asian economies. Journal of Cleaner Production, https://doi.org/10.1016/j.jclepro.2024.142130
- Farooq, U., Bhanja, N., Rather, S.R., & Dar, A.B. (2023). From pollution to prosperity: Using inverted N-shaped environmental Kuznets curve to predict India’s environmental improvement milestones. Journal of Cleaner Production, https://doi.org/10.1016/j.jclepro.2023.140175
- Shah A. A., Bhanja N., & Dar A. B . (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; https://doi.org/10.1016/j.jeca.2023.e00304
- M., Bhanja, N. & Dar, A.B. (2023). On the similarities between precious metals, precious metal stocks and equities – International evidence for gold and silver, Resources Policy 83 (2023) https://doi.org/10.1016/j.resourpol.2023.103629
- Bhanja, N., Shah A.A. & Dar A.B. (2022), Aggregate, asymmetric and frequency based spillover among equity, precious metals, and cryptocurrency, Resources Policy 80 (2023) https://doi.org/10.1016/j.resourpol.2022.103145
- Paul, M., Bhanja, N., & Dar, A.B. (2019). Gold, gold mining stocks and equities: Partial wavelet coherence evidence from developed countries, Resource Policy, 62, 378-384. DOI:https://doi.org/10.1016/j.resourpol.2019.04.012
- Dar, A.B., Bhanja, N. & Paul, M. (2018). Do gold mining stocks behave like gold or equities? Evidence from the US and the UK. International Review of Economics and Finance. DOI: https://doi.org/10.1016/j.iref.2018.10.003
- Bhanja, N. & Dar, A.B. (2018). Stock returns and inflation: A tale of two periods in India. Economic Change and Restructuring, Vol. 51. DOI: https://doi.org/10.1007/s10644-018-9231-z
- Bhanja, N., Dar, A.B. & Tiwari, A.K. (2018). Do Global Crude Oil Markets Behave as One Great Pool? A Cyclical Analysis. Journal of Business Cycle Research; https://doi.org/10.1007/s41549-018-0028-y
- Dar, A.B., Bhanja, N. (2016). Is China a safe haven for Asian Tigers? Economic Change and Restructuring (Springer). DOI:10.1007/s10644-016- 9195-9
- Tiwari, A.K., Dar, A.B., Bhanja, N., Gupta, R. (2016). A Historical Analysis of the US Stock Price Index Using Empirical Mode Decomposition over 1791-2015. Economics: The Open Assessment E-Journal, Vol. 10. Retrieved: http://dx.doi.org/10.5018/economics-ejournal.ja.2016- 9
- N., Dar, A.B., Tiwari, A.K. (2016). A Frequency based causality approach for the yield spread as a leading indicator of economic activity - Evidence from India. Indian Journal of Economics and Business, 15(2), 243-255.
- Bhanja, N. & Dar, A.B (2015) “The Beauty of Gold is, it Loves Bad News”: Evidence from Three Major Gold Consumers, Economic Change and Restructuring (Springer) DOI 10.1007/s10644-015-9160-z
- Dar, A.B., Bhanja, N., Tiwari, A.K. (2015) Do Global Financial Crisis Validate Assertions of Fractal Market Hypothesis. International Economics and Economic Policy, https://doi.org/10.1007/s10368-015-0332-0
- Tiwari, A.K., Dar, A.B., Bhanja, N., Arouri, M. Teulon, F., (2015). Stock returns and inflation in Pakistan. Economic Modelling (Elsevier), 47, 23–31
- Tiwari, A.K., Bhanja, N., Dar, A.B., Olayeni, O.R. (2015). Analyzing Time– Frequency Based Co-movement in Inflation: Evidence from G-7 Countries. Computational Economics (Springer), 45:91–109
- Dar, A.B., Bhanja, N., Tiwari, A.K. (2015). Inflation-Industrial growth nexus in India-A revisit through continuous wavelet transform. Central Bank Review (Elsevier). 01/2014; 14:1-11.
- Tiwari, A.K., Bhanja, N., Dar, A.B. (2015) Frequency based co-movement of inflation in selected Euro-zone countries. Journal of Business Cycle Measurement and Analysis, http://dx.doi.org/10.1787/jbcma-2015-5jm26ttlxdd1
- Tiwari, A.K., Bhanja, N., Dar, A.B., (2015). Uncertainty co-movement in Major European Countries. Theoretical Economics Letters, 5, 256-26.
- Dar, A.B., Bhanja, N. Tiwari, A.K (2015) Exchange rate and stock price relationship: A wavelet analysis for India; Indian Economic Review 49 (1) pp.125-142.
- Bhanja N., Dar, A.B., Samantaraya. A. (2014). “Revisiting Doctrine of Purchasing Power Parity Theory through Quantile Regression and Wavelets” IUP Journal of Applied Economics, Vol. XIII, No.1, pp. 34–46.
- Bhanja N., Dar, A.B., Tiwari, A.K. (2014) Exchange Rate and Monetary Fundamentals: Long run Relationship Revisited. Panoeconnomicus, Vol. 62, Issue 1, pp. 33-54
- Dar, A.B. Shah, A., Bhanja, N., Samantaraya, A. (2014) "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 (Emerald Insight), Vol. 3,Issue: 2,pp.209-224,https://doi.org/10.1108/SAJGBR-07-2013-0061
- Tiwari, A.K., Dar, A.B., Bhanja, N. (2013). Oil price and exchange rates: A wavelet based analysis for India. Economic Modelling (Elsevier) 31:414–422.
- Tiwari, A.K., Bhanja, N., Dar, A.B., Islam, F. (2013) Analyzing Time-Frequency Relationship between Share Prices and Exchange Rates in India: Evidence from Continuous Wavelets. Empirical Economics (Springer) 12/2013.
- N., Dar, A.B., Tiwari, A.K., Olaolu Richard Olayeni (2013) Are Stock Prices Hedge Against Inflation? A Revisit over Time and Frequencies in India. Central European Journal of Economic Modelling and Econometrics. 01/2012
- Arif Billah Dar, Niyati Bhanja, Amaresh Samantaraya, Aviral Kumar Tiwari (2013) 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.
4.2.Book Chapters
- Bhanja, N., & Dar, A.B. (2018). Gold as a Hedge and Safe Haven: Evidence from India. In Coronado, S. et al (Eds.), Recent Topics in Time Series and Finance: Theory and Applications in Emerging Markets; Ch. 9, Vol.3, pp. 213-236. Mexico: Universidad De Guadalajara
- Dar, A.B., Bhanja, N., & Samantaraya, A. (2012). Yield spread as a leading indicator of economic activity. In A compendium of essays in Applied Econometrics - Selected Proceedings of 3rd International conference on Applied Econometrics (ICAE-111) IBS Hyderabad; Essay 7, pp.94-101. India: Paramount Publishing. ISBN 978-93-82163-71-8
- Samantaraya, A., Dar, A.B. & Bhanja, N. (2012). An empirical analysis of Inflation Dynamics in India: Stylized facts and Selected Issues. In A compendium of essays in Applied Econometrics - Selected Proceedings of 3rd International conference on Applied Econometrics (ICAE-111) IBS Hyderabad; Essay 9, pp. 111-123. India: Paramount Publishing. ISBN 978-93-82163-71-8
4.3.Select Conference Presentations
- Mahasuar, K. and Bhanja, N. (2023). The Evolution of Marwaris in Bengal: Phases of Identity and Role of Idiosyncratic Business Practices (1860-1940), Asia Pacific Family Business Symposium 2023 (Virtual), September 27, Perth, Australia.
- Mahasuar, K. and Bhanja, N. (2023), ”Strategic Choices of a Latecomer MNE in an Emerging Market: The Case of Ferrero”
- Academy of International Business (AIB) Annual Meeting 2023, July 6-9, Warsaw, Poland
- wISE Scholarship in Oceania Conference (co-hosted by Strategic Man- agement division of Academy of Management and Macquarie Business School), March 23-24, Sydney, Australia
- Niyati Bhanja (2018). “Stock Returns and Inflation: A tale of two periods in India”, Pennsylvania Economic Association Annual Conference, May 31- June 2, Penn State Altoona, Pennsylvania, USA.
- Niyati Bhanja (2017), “Gold and Stock Prices: A Tale of two crises in the United States”, 20th Annual Conference on Global Economic Analysis (GTAP), 7-9 June, Purdue University, Indiana, USA.
- Niyati Bhanja (2016), “Beauty of Gold it Loves Bad News”, The 9th International Conference of the Thailand Econometric Society (TES2016), 6-8 January, Chiang Mai, Thailand.
- Niyati Bhanja (2015), “Exchange Rate Pass-through in India”, 3rd PAN-IIM World Management Conference, December 16-18, IIM-Indore.
- Niyati Bhanja (2013) “Revisiting Doctrine of Purchasing Power Parity” at 49th Annual Conference of The Indian Econometrics Society (TIES), 9-11 January, Patna.
- Niyati Bhanja (2012) “Revisiting Doctrine of Purchasing Power Parity through Wavelets” at 12th Consortium of Students in Management Research (COSMAR), 16-17 Nov. 2012, Indian Institute of Science (IISc.), Bangalore