ABHISEK SUR
@jgu.edu.in
Assistant Professor; Jindal Global Law School
Jindal Global University
Dr. Abhisek has a PhD degree in the Economics area from the Indian Institute of Management (IIM) Ranchi. Prior to joining the doctoral course at IIM Ranchi, he has completed MBA from ICFAI Business School, Kolkata and M.Sc. in Economics, with a specialization in Econometrics & Statistics from Calcutta University and acquired industry experience of over six years in various capacities in the Indian banking sector.
His doctoral thesis titled “Essays on External Commercial Borrowings (ECBs) in India” involves a macro and micro-level analysis on ECBs in the Indian context. Besides exploring the push and pull factors impacting ECB flows to India, various risks arising from corporates’ overseas borrowing and associated corporate vulnerabilities are investigated in his doctoral thesis.
Abhisek has published research articles in peer-reviewed international journals like the Journal of Asian Economics, Journal of Tax Administration, Cogent Economics and Finance, and Economic & Political Weekly
EDUCATION
M.Sc. (Economics), MBA, (PhD Economics)
RESEARCH INTERESTS
• Open economy macroeconomics -
• Indian economy-
• International Economics
Scopus Publications
Scholar Citations
Scholar h-index
Scholar i10-index
Scopus Publications
Abhisek Sur, Amarendu Nandy, and Partha Ray
Elsevier BV
Abhisek Sur, Partha Ray, and Amarendu Nandy
Elsevier BV
Abstract External commercial borrowing (ECB) has assumed growing prominence in the Indian economy. This paper analyzes the trends and determinants of ECB flows to India using monthly data for the period 2004M1 to 2015M12. Employing the Johansen cointegration and error correction techniques, our analysis suggests that both domestic factors and global economic conditions have influenced India’s ECB inflows. Regulatory changes in the capital account were found to have the greatest effect on ECB flows among variables considered. While the long-term trend has been toward greater openness, the regulatory authorities have also intervened with an eye to macroeconomic and exchange rate stabilization resulting in sometimes unwitting changes in the composition of capital flows. Other factors found to be significant are the rupee to US dollar exchange rate, the economic growth differential between India and the OECD, the interest rate differential between the domestic lending rate and LIBOR, international credit conditions, and India’s sovereign credit risk rating. Structural break analysis suggests that the global financial crisis of 2008 reduced ECB inflows significantly. Given the impact of changing capital account regulation on the volatility of ECB flows, we recommend simplifying and consolidating India’s regulatory framework without compromising the macro-prudential principles of capital account management.
Abhisek Sur and Amarendu Nandy
Informa UK Limited
Abstract Most emerging market economies intend to attract foreign direct investment (FDI), expecting that efficiency spillovers from FDI positively influence the productivity of domestic firms. The Indian automobile industry has been a key beneficiary of FDI, ever since the economy opened up since the early 1990s. Employing a stochastic frontier analysis (SFA), this paper first compares the technical efficiency of foreign firms (FFs) vis-à-vis domestic firms (DFs) in the Indian automobile industry for the period 2001–2014. Second, the paper identifies the key determinants, which explain the differences in technical efficiency between FFs and DFs. Finally, the paper analyses the transmission of spillovers from FFs to DFs in terms of competition, demonstration, and information effects. The results reveal higher technical efficiency (TE) of foreign firms over the domestic firms; that younger firms, both domestic and foreign, were relatively more efficient; and domestic automobile firms did not benefit from exporting activities, mainly due to their inward-orientation. The analysis in this paper suggests that the spillover effects is prominent only through demonstration effect. The competition and information effects are not significant channels for transmission of spillovers from foreign to domestic firms in the Indian automobile industry.
RECENT SCHOLAR PUBLICATIONS
MOST CITED SCHOLAR PUBLICATIONS
Publications
ABHISEK SUR
PhD in Economics
LIST OF PUBLICATIONS
JOURNAL ARTICLES
(1) “Persistent fiscal deficits and political-economy transitions in India: An empirical investigation, Economic and Political Weekly, 55:8, 34-41, (2020) (ABDC 2016: B), (Co-authors: Amarendu Nandy and Santanu Kundu)
(2) “India’s external commercial borrowings: Pulled by domestic fundamentals or pushed by global conditions?”, Journal of Asian Economics 61: 62-77, (2019) (Elsevier | ABDC 2016: B), (Co-authors: Partha Ray and Amarendu Nandy), doi: .
(3) “The Case for Introducing Inheritance Tax in India”, Journal of Tax Administration 4:1, 81-87, (2018), (University of Exeter | ABDC 2016: B), (Co-authors: Amarendu Nandy and Santanu Kundu)
(4) “FDI, Technical efficiency and spillovers: evidence from Indian automobile industry”, Cogent Economics and Finance, 6: 1460026, (2018), (Taylor & Francis | ABDC 2016: B) (with Amarendu Nandy), doi:
WORKING PAPERS
(1) India’s External Commercial Borrowing: Trends, Composition, and Determinants, (2017), Working Paper No. 802, Indian Institute of Management Calcutta, November. (with Partha Ray and Amarendu Nandy)
WORK IN PROGRESS
(1) Corporate leverage, vulnerability, and implications for Bank stability: Firm level evidence from India, (with Amarendu Nandy and Partha Ray), (Target journal: Applied Economics) (ABDC 2016: A)
(2) Exchange rate depreciation and corporate vulne
INDUSTRY EXPERIENCE
Indian Banking Sector for over 6 years