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Subhayu Bandyopadhyay

Research Officer


Ph.D. Economics
University of Maryland

M.A. Economics
Jawaharlal Nehru University

B.S. Economics
Presidency College

Contact Info

Phone: (314) 444-7425
Fax: (314) 444-8731

Research Division
Federal Reserve Bank of St. Louis
P.O. Box 442
St. Louis, MO 63166-0442

For media inquiries, contact:
Shera Dalin
Phone: (314) 444-3911

Subhayu Bandyopadhyay

Research Officer

Forthcoming Publications

"Politically influenced counterterrorism policy and welfare efficiency"
with  Todd Sandler
European Journal of Political Economy

Journal Publications

"Effects of Defensive and Proactive Measures on Competition Between Terrorist Groups"
with  Todd Sandler
Journal of Conflict Resolution, 11/01/2022, Vol. 66, No. 10, pp. 1797-1825
Working Paper 10.1177/00220027221108432

"Counterterrorism Policy: Spillovers, Regime Solidity, and Corner Solutions"
with  Todd Sandler
Journal of Economic Behavior & Organization, 08/01/2021, Vol. 188, No. 1, pp. 811-827
Working Paper

"Effects of Neighboring Nation Terrorism on Imports"
with  Hristos Doucouliagos and  Cong S. Pham
Southern Economic Journal, 07/01/2021, Vol. 88, No. 1, pp. 144-167
Working Paper

"Truncated Firm Productivity Distributions and Trade Margins"
with Cletus C. Coughlin
Economics Letters, November 2020, Vol. 196, 109596, pp. 1-4
Working Paper

"Terms-of-Trade and Counterterrorism Externalities"
with  Todd Sandler and  Javed Younas
Oxford Economic Papers, April 2020
Working Paper

"Consequences of Offshoring to Developing Nations: Labor-Market Outcomes, Welfare, and Corrective Interventions"
with  Arnab Basu,  Nancy Chau, and  Devashish Mitra
Economic Inquiry, January 2020, Vol. 58, No. 1, pp. 209-224
Working Paper

"The Effects of Terror on International Air Passenger Transport: An Empirical Invstigation"
with  Devashish Mitra and  Cong S. Pham
World Economy, November 2018, Vol. 41, No. 11, pp. 2852-2882
Working Paper

"Trade and Terrorism: A Disaggregated Approach"
with  Todd Sandler and  Javed Younas
Journal of Peace Research, September 2018, Vol. 55, No. 5, pp. 656-670
Working Paper

"Lobbying for a Common External Tariff from inside and out"
with  Sajal Lahiri
International Review of Economics & Finance, July 2017, Vol. 50, pp. 98-105
Working Paper

"Unauthorized Immigration and Fiscal Competition"
with  Santiago Pinto
European Economic Review, February 2017, Vol. 92, pp. 283-305
Working Paper

"Financing Growth through Foreign Aid and Private Foreign Loans: Nonlinearities and Complementarities"
with  Sajal Lahiri and  Javed Younas
Journal of International Money and Finance, September 2015, Vol. 56, pp. 75-96
Working Paper

"International Oligopoly, Barriers To Outsourcing And Domestic Employment"
with  Sugata Marjit and  Lei Yang
Canadian Journal of Economics-Revue Canadienne d'Economique, November 2014, Vol. 47, No. 4, pp. 1372-1386
Working Paper

"Foreign Aid, Illegal Immigration, and Host Country Welfare"
with  Dustin Chambers and  Jonathan Munemo
Review of Development Economics, May 2014, Vol. 18, No. 2, pp. 372-385
Working Paper

"Immigration Policy and Counterterrorism"
with  Todd Sandler
Journal of Public Economics, February 2014, Vol. 110, pp. 112-123
Working Paper

"Foreign Direct Investment, Aid and Terrorism: An Analysis of Developing Countries"
with  Todd Sandler and  Javed Younas
Oxford Economic Papers, January 2014, Vol. 66, No. 1, pp. 25-50
Working Paper

"Should Easier Access to Credit Replace Foreign Aid? A Trade-theoretic Analysis"
with  Sajal Lahiri and  Javed Younas
Economics Bulletin, September 2013, Vol. 33, No. 3, pp. 2320-2327

"Biofuel Subsidies: An Open Economy Analysis"
with  Sumon Bhaumik and  Howard J. Wall
Economics & Politics, July 2013, Vol. 25, No. 2, pp. 181-199
Working Paper

"On the substitutability between foreign aid and international credit"
with  Sajal Lahiri and  Javed Younas
Economics Letters, February 2013, Vol. 118, No. 2, pp. 255-257
Working Paper

"Cross-Border Lobbying in Preferential Trading Agreements: Implications for External Tariffs"
with  Sajal Lahiri and  Howard J. Wall
Review of International Economics, November 2012, Vol. 20, No. 5, pp. 1034-1045
Working Paper

"Poverty, Political Freedom and the Roots of Terrorism in Developing Countries: An Empirical Assessment"
with  Javed Younas
Economics Letters, August 2011, Vol. 112, No. 2, pp. 171-175
Working Paper

"Foreign Aid as Counterterrorism Policy"
with  Todd Sandler and  Javed Younas
Oxford Economic Papers, July 2011, Vol. 63, No. 3, pp. 423-447
Working Paper

"The Interplay Between Preemptive and Defensive Counterterrorism Measures: A Two-Stage Game"
with  Todd Sandler
Economica, July 2011, Vol. 78, No. 311, pp. 546-564
Working Paper

"Urban Crime and Labor Mobility"
with  Santiago Pinto and  Christopher H. Wheeler
Journal of Public Economic Theory, June 2011, Vol. 13, No. 3, pp. 443-462
Working Paper

"Political Asymmetry and Common External Tariff in a Customs Union"
with  Sajal Lahiri and  Suryadipta Roy
Economics & Politics, March 2011, Vol. 23, No. 1, pp. 88-106
Working Paper

"Immigration and Outsourcing: A General Equilibrium Analysis"
with  Howard J. Wall
Review of Development Economics, August 2010, Vol. 14, No. 3, pp. 433-446
Working Paper

"Incidence of an outsourcing tax on intermediate inputs"
with  Sugata Marjit and  Vivekananda Mukherjee
Economics Bulletin, May 2010, Vol. 30, No. 2, pp. 1271-77
Working Paper

"Trade and Child Labor: A General Equilibrium Analysis"
with  Sudeshna C. Bandyopadhyay
Emerging Markets Finance and Trade, January/February 2009, Vol. 45, No. 1, pp. 5-18
Working Paper

"Is There Too Little Immigration? An Analysis of Temporary Skilled Migrants"
with  Howard J. Wall
Journal of International Trade & Economic Development, June 2008, Vol. 17, No. 2, pp. 197-211
Working Paper

"Ethnic Networks and U.S. Exports"
with Cletus C. Coughlin and  Howard J. Wall
Review of International Economics, February 2008, Vol. 16, No. 1, pp. 199-213
Working Paper

"Nash Equilibrium Tariffs and Illegal Immigration: An Analysis of Preferential Trade Liberalization"
with  Ryo Takashima
International Economics and Finance Journal, Vol. 2, No. 2007, pp. 51-66
Working Paper

"Corruption and Trade Protection: Evidence from Panel Data"
with  Suryadipta Roy
International Journal of Economic Research, 2007, Vol. 4, No. 2, pp. 123-134
Working Paper

"Policy Evaluation in the Presence of Outsourcing: Global Competitiveness versus Political Feasibility"
with  Howard J. Wall
Economics & Politics, July 2007, Vol. 19, No. 2, pp. 219-234
Working Paper

"The Role of Capital Mobility in Illegal Immigration Policy"
with  Sudeshna C. Bandyopadhyay
Journal of International Trade & Economic Development, June 2006, Vol. 15, No. 2, pp. 173-189

"Transfers, Trade Taxes and Endogenous Capital Flows: With Evidence from Sub-Saharan Africa"
with  Jonathan Munemo
International Journal of Business and Economics, April 2006, Vol. 5, No. 1, pp. 29-40

"Illegal Immigration and Second Best Import Tariffs"
Review of International Economics, February 2006, Vol. 14, No. 1, pp. 93-103

"Multilateral Transfers, Export Taxation and Asymmetry"
with  Baishali Majumdar
Journal of Development Economics, April 2004, Vol. 73, No. 2, pp. 715-725

"Endogenous Export Subsidies and Welfare Under Domestic Cost Heterogeneity"
with  Eun-Soo Park and  Howard J. Wall
Economics & Politics, 2004, Vol. 16:3, pp. 347-366
Working Paper

"Efficient Bargaining, Welfare and Strategic Trade Policy"
with  Sudeshna C. Bandyopadhyay
Journal of International Trade & Economic Development, June 2001, Vol. 10, No. 2, pp. 133-149

"Unionized Bertrand Duopoly and Strategic Export Policy"
with  Sudeshna C. Bandyopadhyay and  Eun-Soo Park
Review of International Economics, February 2000, Vol. 8, No. 1, pp. 164-174

"Customs Union or Free Trade Area? The Role of Political Asymmetries"
with  Howard J. Wall
Review of International Economics, November 1999, Vol. 7(4)

"Unionization and International Market Share Rivalry: A Paradox"
with  Sudeshna C. Bandyopadhyay
Review of International Economics, February 1999, Vol. 7, No. 1, pp. 153-161

"Illegal Immigration: A Supply Side Analysis"
with  Sudeshna C. Bandyopadhyay
Journal of Development Economics, December 1998, Vol. 57, No. 2, pp. 343-360

"Monopoly Unions and Corporatism - Implications for Strategic Trade Policy"
with  Sudeshna C. Bandyopadhyay
International Economic Journal, Winter 1998, Vol. 12, No. 4, pp. 1-22

"Demand Elasticities, Asymmetry and Strategic Trade Policy"
Journal of International Economics, February 1997, Vol. 42, No. 1-2, pp. 167-177

"Growth, Welfare and Optimal Trade Taxes - A Fallacy of Composition"
Journal of Development Economics, August 1996, Vol. 50, No. 2, pp. 369-380

"Labor Unions and International Market Share Rivalry: Does Corporatism Matter?"
with  Sudeshna C. Bandyopadhyay
Journal of Economic Integration, June 1996, Vol. 11, No. 2, pp. 214-229

"Foreign Investment in the Exporting Sector - Welfare Enhancing or Welfare Reducing?"
Southern Economic Journal, October 1995, Vol. 62, No. 2, pp. 394-404