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Subhayu Bandyopadhyay

Economic Policy Advisor

Education

Ph.D. Economics
University of Maryland
1992

M.A. Economics
Jawaharlal Nehru University
1986

B.S. Economics
Presidency College
1983

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
mediainquiries@stls.frb.org
Phone: (314) 444-3911

Subhayu Bandyopadhyay

Economic Policy Advisor




Journal Publications

"Voluntary participation in a terror group and counterterrorism policy"
with  Todd Sandler
Journal of Economic Behavior & Organization, November 2023, Vol. 215, pp. 500-513
Working Paper
https://doi.org/10.1016/j.jebo.2023.09.031

"Offshoring Barriers, Regulatory Burden and National Welfare"
with  Arnab Basu,  Nancy Chau, and  Devashish Mitra
Indian Economic Review, July 2023, Vol. 58, No. Supplement 1, pp. 227-235
Working Paper
https://doi.org/10.1007/s41775-023-00157-0

"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
https://doi.org/DOI: 10.1177/00220027221108432

"Politically influenced counterterrorism policy and welfare efficiency"
with  Todd Sandler
European Journal of Political Economy, January 2023, Vol. 76, 102250, pp. 1-15
Working Paper
https://doi.org/10.1016/j.ejpoleco.2022.102250

"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
https://doi.org/10.1016/j.jebo.2021.05.031

"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
https://doi.org/10.1002/soej.12508

"Truncated Firm Productivity Distributions and Trade Margins"
with Cletus C. Coughlin
Economics Letters, November 2020, Vol. 196, 109596, pp. 1-4
Working Paper
https://doi.org/10.1016/j.econlet.2020.109596

"Terms-of-Trade and Counterterrorism Externalities"
with  Todd Sandler and  Javed Younas
Oxford Economic Papers, April 2020
Working Paper
https://doi.org/10.1093/oep/gpz037

"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
https://onlinelibrary.wiley.com/doi/10.1111/ecin.12833

"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
http://journals.sagepub.com/doi/10.1177/0022343318763009

"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
https://doi.org/10.1016/j.iref.2017.03.026

"Unauthorized Immigration and Fiscal Competition"
with  Santiago Pinto
European Economic Review, February 2017, Vol. 92, pp. 283-305
Working Paper
https://doi.org/10.1016/j.euroecorev.2016.12.010

"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
https://doi.org/10.1016/j.jimonfin.2015.04.005

"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
https://doi.org/10.1111/caje.12111

"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
https://doi.org/10.1111/rode.12090

"Immigration Policy and Counterterrorism"
with  Todd Sandler
Journal of Public Economics, February 2014, Vol. 110, pp. 112-123
Working Paper
https://doi.org/10.1016/j.jpubeco.2013.12.013

"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
https://doi.org/10.1093/oep/gpt026

"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
https://doi.org/10.1111/ecpo.12009

"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
https://doi.org/10.1016/j.econlet.2012.11.004

"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
https://doi.org/10.1111/roie.12011

"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
https://doi.org/10.1016/j.econlet.2011.03.029

"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
https://doi.org/10.1111/j.1468-0335.2009.00823.x

"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
https://doi.org/10.1093/oep/gpq030

"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
https://doi.org/10.1111/j.1467-9779.2011.01507.x

"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
https://doi.org/10.1111/j.1468-0343.2010.00376.x

"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
https://doi.org/10.1111/j.1467-9361.2010.00563.x

"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
https://doi.org/10.2753/ree1540-496x450101

"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
https://doi.org/10.1080/09638190701872616

"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
https://doi.org/10.1111/j.1467-9396.2007.00722.x

"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
https://doi.org/10.1111/j.1468-0343.2007.00309.x

"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
https://doi.org/10.1080/09638190600690879

"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
https://doi.org/10.1111/j.1467-9396.2006.00563.x

"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
https://doi.org/10.1111/j.1468-0343.2004.00143.x

"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
https://doi.org/10.1080/09638190110039028

"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
https://doi.org/10.1111/1467-9396.00213

"Customs Union or Free Trade Area? The Role of Political Asymmetries"
with  Howard J. Wall
Review of International Economics, November 1999, Vol. 7(4)
https://doi.org/10.1111/1467-9396.00191

"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
https://doi.org/10.1111/1467-9396.00153

"Illegal Immigration: A Supply Side Analysis"
with  Sudeshna C. Bandyopadhyay
Journal of Development Economics, December 1998, Vol. 57, No. 2, pp. 343-360
https://doi.org/10.1016/S0304-3878(98)00092-3

"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
https://doi.org/10.1016/S0022-1996(96)01453-5

"Growth, Welfare and Optimal Trade Taxes - A Fallacy of Composition"
Journal of Development Economics, August 1996, Vol. 50, No. 2, pp. 369-380
https://doi.org/10.1016/S0304-3878(96)00408-7

"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