Mukti P. Upadhyay

Department of Economics
Eastern Illinois University
Charleston, IL 61920

Ph: 217-581-3812
mpupadhyay@eiu.edu

Education:

Ph.D.

1995

Johns Hopkins University

M.A.

1983

Thammasat University, Bangkok

Professional Experience:

2008 -

Professor (and Graduate Director 2007- ), Department of Economics, Eastern Illinois University

2003 - 2008

Associate Professor, Department of Economics, Eastern Illinois University

1999 - 2003

Assistant Professor, Department of Economics, Eastern Illinois University

1997 - 1999

Visiting Assistant Professor, Department of Economics, Oregon State University

1994 - 1997

Visiting Assistant Professor, Department of Economics, University of Connecticut, Storrs, CT

Courses Taught:

Undergraduate:

Intermediate Macroeconomics, International Economics, Development Economics, Principles of Micro and Macroeconomics, Business Cycles, Development Economics

Graduate:

Macroeconomics, International Trade, Development Economics, International Finance, Research Methods , Applied Econometrics

Thesis Adviser:

Twelve Master's students at Eastern (2001- ).

 Fields of Research Specialization:

Economic Growth and Development

International Trade and Finance

Poverty and Inequality

Migration and Remittances

 Publications:

"Another Empirical Look at the Kuznets Curve," forthcoming in International Journal of Economic Sciences and Applied Research, 2011 (with R. Bhandari and G. Pradhan).
"Measurement and Determinants of Efficiency in Crop Production in Nepal," Himalayan Journal of Development and Democracy 5(1), 2010, (with S. Devkota).
"Poverty Reduction, Economic Growth, and Inequality in Africa," Applied Economics Letters 16, 2009 September, 1791-94, with F. Fanta.
"Determinants of Household Supply of Labor in Food for Work Program in Tigray, Ethiopia Applied Economics 41, 2009, 579-87, with F. Fanta.
"Monetary Integration of Nepal with India: A Road to Faster Growth?" Himalayan Journal of Development and Democracy, 3(1), Dec. 2008, 43-49, with K. Upadhyaya.
"Income Convergence among Districts of Nepal," Himalayan Journal of Development and Democracy, 3(1), Dec. 2008, 54-60, with S. Devkota.
"Remittances and Economic Growth in Developing Countries," European Journal of Development Research, 20 (3), 497-506, September 2008, with G. Pradhan and K. Upadhyaya.
"Has the 1996 Welfare Reform Reduced the U.S. Poverty Rate? An Empirical Analysis Using Panel Data," Economics Bulletin, 9(2), 1-9, 2008, with Hui Li.
"Remittances and Their Effects in Nepal: A Microeconomic Study," Himalayan Journal of Development and Democracy, 2 (2), 2007, 61-66.
"Poverty, Economic Growth, and Inequality in Developing Countries: A Focus on Nepal and South Asia," Himalayan Journal of Development and Democracy, 47-50, with G. Pradhan.
"Political Economy of Regional Trading Arrangements in South Asia," Journal of Economic Integration 19(3), September 2004: 427-446 (with H. Shrestha).

"Poverty Reduction, Economic Growth, and Inequality in Africa," Applied Economics Letters, in press, 2008 (with F. Fanta).

"Basic Elements of an Economic Development Program during Political Transition and beyond," CAMAD: Journal of Administration, Management and Development, 6(1), April 2003.

"Total Factor Productivity and the Convergence Hypothesis," Journal of Macroeconomics, 24(2), 267-286, July 2002 (with S. M. Miller).

"Human Capital, Technology and Specialization: A Comparison of Developed and Developing Countries," Zeitschrift fur Nationalokonomie (Journal of Economics) 75(2), 161-179, 2002 (with M. Gopinath).

"The Effects of Openness, Trade Orientation, and Human Capital on Total Factor Productivity," Journal of Development Economics 63, 399-423, Dec. 2000 (with S. M. Miller).

"Nepal's Macroeconomic Performance in the 1990s: Implications for Development Strategy," CAMAD: Journal of Administration, Management and Development, 3(2), 106-25, October 2000.

"Output Effects of Devaluation: Evidence from Asia," Journal of Development Studies, 35(6): 89-103, August 1999 (with K. Upadhyaya).

"Can Public Sector Employment Spur Human Capital Acquisition?" Economics Letters, 1997, 56:121-27.

"Foreign Aid, Economic Growth, and Causality," Rivista Internazionale di Scienze Economiche e Commerciali (International Review of Economics and Business), 1996, XLIII: 597-606, (with D. Dhakal and K. Upadhyaya).

"Accumulation of Human Capital in LDCs in the Presence of Unemployment," Economica 61:355-78, 1994.

"Rural Savings Mobilization in Nepal," The Economic Journal of Nepal, 1986 (with K. Hamal).

"Financial Structure and the Effectiveness of Monetary Policy in Nepal," in G. Tison (ed.) Financial Structure and the Effectiveness of Monetary Policy in SEACEN Countries. Petaling Jaya, Malaysia: SEACEN Research and Training Center, 1986.

"Payments Arrangements and Monetary Cooperation in South Asia: Nepal," Centre for Economic Development and Administration, for Marg Institute, Sri Lanka, 1984.

Domestic Credit Pollicy and the Balance of Payments in Nepal. (Macroeconometric policy simulation), M.A. Dissertation, Department of Economics, Thammasat University, Bangkok, 1983.

"Resource Mobilization, the Rate of Interest and the Productivity of Investment in Nepal," in Financial Resource Mobilization for the Sixth Plan of Nepal. Kathmandu: Integrated Development Systems, 1980 (with M. Acharya).

 Papers under review and working papers:

"How Fungible is Aid in Sub-Saharan Africa?" under review., with S. Gebrehanna.

"Foreign Direct Investment, Foreign Aid, and Growth in Developing Countries," working paper, with G. Pradhan, April 2006.
Rural-Urban Migration, Urban Unemployment, and Government Spending in a Dual Economy Model," working paper, with S. Das, 2005.
"Total Factor Productivity in Economic Growth: Evidence from a Panel Data Model for Africa and Asia," working paper, with S. Das, November 2004.
"What Production Function Yields the Best Estimates for Total Factor Productivity in a Panel Data Model?" working paper, with S. Miller, 2003.
"Total Factor Productivity, Human Capital, and Outward Orientation: Differences by Stage of Development and Geographic Regions," working paper, with S. Miller, December 2002.
"Information Technology and Economic Growth: The Case of Thailand," working paper, 2000 (with I. Ordeedolchest).
"Higher and Lower Education Sectors in a Neoclassical Growth Model," working paper, 1996.

Book Review:

Review of Dani Rodrik: One Economics, Many Recipes. Princeton, NJ: Princeton University Press, Journal of International and Global Studies, May 2010.

Papers in Progress:

"Farmers' Efficiency in Production and its Contribution to Poverty Alleviation: A Case Study of Nepal", with S. Devkota.

"Globalization, Poverty and Income Distribution in Developing Countries"

"Remittances and Their Role in Economic Development in South Asia"

"Meta Analysis of the Relationship between Openness and Economic Growth," with H. Li.

Professional Presentations:

"Measurement and Determinants of Efficiency in Crop Production in Nepal," Himalayan Policy Research Conference, October 2010, with S. Devkota.

"Fungibility of Foreign Aid: The Case of Sub-Saharan Africa," Missouri Valley Economic Conference (October 2008), with S. Gebrehenna

"Monetary Integration of Nepal with India: A Road to Faster Growth?" Himalayan Policy Research Conference, October 2008, with K. Upadhyaya.

"Income Convergence and Polarization in Nepal," Himalayan Policy Research Conference, October 2008, with S. Devkota.

"Another Empirical Look at the Kuznets Curve," Midwest Economic Conference, March 2008, with G. Pradhan and R. Bhandari.

"Informal Sector in Developing Countries: Measurement and Interaction with the Formal Sector," Midwest Economic Conference, March 2008, with G. Lesica.

"Remittances and Their Effects in Nepal: A Microeconomic Study," Himalayan Policy Research Conference, Madison, WI, October 2007.

"Brain Drain and Economic Growth in Developing Countries" Midwest Economic Conference, Minneapolis, MN, March 2007, with G. Pradhan.

"Poverty, Economic Growth, and Inequality in Developing Countries: A Focus on Nepal and South Asia," Himalayan Policy Research Conference, Madison, WI, October 2006, with G. Pradhan.

"Determinants of Household Demand for Food-for-Work Employment in Tigray, Ethiopia," Missouri Valley Economic Conference, Kansas City, October 2005, with F. Fanta.

"Remittances and Economic Growth in Developing Countries," Midwest Economic Conference, Milwaukee, WI, March 2005, with G. Pradhan.

"Rural-Urban Migration in a Model with Government Spending," Faculty Seminar, Department of Economics, Eastern Illinois University, February 2005.

"External Economies and Government Spending in a Rural-Urban Model of Migration," Western Economic Conference, Vancouver, Canada, July 2004.

"Migration and Unemployment in a Dual Economy Model with Government Spending," Midwest Economic Conference, Chicago, IL, March 2004 (poster presentation), with S. Das.

"Economic Growth and Democracy," Midwest Economic Conference, St. Louis, MO, March 2003 (with G. Pradhan).

"What will Spur Development in Nepal?," Midwest Economic Conference, St. Louis, MO, March 2003 (with D. Dhakal).

"Total Factor Productivity, Human Capital, and Outward Orientation: Differences by Stage of Development and Geographic Region," Southern Economic Conference, New Orleans, November 2002.

"Political Economy of Regional Trading Arrangements in South Asia," Southern Economic Conference, Tampa, FL, Nov. 2001; EIU Economics Faculty Seminar; March 2002.

"Total Factor Productivity Growth in a Large Panel of Countries," Western Economics Association International Conference, San Francisco, CA, July 2001.

"Human Capital, and Outward Orientation in a Model of Growth and Productivity, under Cobb-Douglas and Translog Production Functions," Midwest Economic Conference, Cleveland, OH, March 2001.

"Nepal's Macroeconomic Performance in the 1990s: Implications for Development Strategy," National Planning Commission, Kathmandu, August 2000.

"Neoclassical trade, International Specialization, and DC-LDC Divide," Midwest Economic Conference, Chicago, IL, March 2000.

"The Effects of Trade Orientation and Human Capital on Total Factor Productivity: A Panel Data Approach," seminar presentations at University of Connecticut, University of Idaho, The Conference Board, Oregon State University, Eastern Illinois University, '98-99.

"Regional Trading Arrangements: An Application to South Asia," Eastern Economic Conference, Boston, MA, March 1996.

"Economic Performance and Development Prospects in Nepal," South Asia Forum for Development, Eastern Economic Conference, Boston, MA, March 1996.

"The Big Push Model of Development and the Open Economy," Southern Economic Conference, November 1994.

"A Model of the Credibility of Government for Nepal," Conference of the Association of Nepalese in the Americas, July 1994.

"Political Economy of International Debt Adjustment in Latin America and Asia," Macroeconomics Seminar, Johns Hopkins University, May 1990.

"Monetary and Fiscal Policies in a Small Open Economy under Staggered Wage Contracts," Macroeconomics Seminar, Johns Hopkins University, March 1989.

"Financial Structure and the Effectiveness of Monetary Policy in Nepal", South East Asian Central Banks Economists' Workshop, Petaling Jaya, Malaysia, September 1985.

"Relationship of Money and Credit to Economic Activity: Nepal," South East Asian Central Banks Economists' Workshop, Petaling Jaya, Malaysia, July 1980.

Invited Lectures:

"Can Tarai Help Overcome Economic Stagnation in Nepal?," presented at the America Nepal MidWest Association and Nepali Association in Southeast America Joint Conference, Lexington, KY, September 2010.

"Fungibility of Foreign Aid: The Case of Sub-Saharan Africa," Department of Economics and Finance, Bond University, Australia, May 2009.

"International Policy Coordination and the Financial Crisis of 2008-09," MBA Comprehensive Seminar, New York Institute of Technology, Amman, Jordan, March 2009.

"Drivers of Economic Development: What can Nepal Learn from Other Developing Countries?" CAMAD Monthly Friday Talk for professionals on "World Economic Order and Nepal's Development," Kathmandu, Nepal, June 2007.

Other Research Experiences:

2004: World Bank Consultant, Statistical analysis of coffee and cotton survey data.

"Political economy aspects of economic development in Nepal," Research presentation, International Forum, Eastern Illinois University, January 2002.

2000: UNDP Consultant/Senior Economist for National Planning Commission, Kathmandu, Nepal. Macroeconomic Performance of Nepal in the 1990s.

1992: World Bank Consultant, Washington, DC; Public Sector Wage and Employment Policies in Developing Countries.

1989-93: Statistical programmer/Research assistant: Johns Hopkins University (various departments).

1983-86: Economist, Research Department, Nepal Rastra Bank: Policy research on money and banking, financial structure, exchange rates, development planning.

1984-85: Consultant, APROSC (Nepal) & IDRC (Canada): Rural Saving Mobilization.

1984-85: Country Economist, SEACEN Research and Training Centre, Malaysia: Financial Structure and the Effectiveness of Monetary Policy.

1984: Consultant, CEDA (Nepal): Payments Arrangements and Monetary Policy.

1977-81: Assistant Research Officer, Nepal Rastra Bank: Monetary survey, monthly and annual reports on money and finance, monetary policy.

Other Professional Activities:

Referee for

World Development
Applied Economics
Ekonomia
Economic Theory
Journal of Economic Growth
Economic Modelling
Himalayan Journal of Development and Democracy
Journal of Developing Areas
Journal of Applied Economics
Journal of Comparative Economics
Canadian Journal of Development Studies
Journal of Int'l Trade and Economic Development

Advisor, Computer Association of Nepal-USA, 2011- , and Member, Editorial Board, CAN-USA Newsletter.

Member, Organizing Committee, Himalayan Policy Research Conference, Madison, WI, 2006-present, review and ranking of abstracts, and management of conference.

Chair, Midwest Economics Conference Session 8J on Economics of Development III, March 2006.

Reviewer, "Welfare Impact of Central American Free Trade Agreement," Ohio University grant proposal, January 2006

Moderator, Liberal Democracy Nepal Workshop on "Opportunities and Challenges for Nepali Political Parties," with political party leaders from Nepal, Washington, DC, October 21-23, 2005.

Chair, Midwest Econ Conference Session 6c on Economic Development of Asia, March 2004.

Discussant, conference papers at Midwest Economics, Eastern Economics, Western Economics, Southern Economics, and Missouri Valley Economic Association conferences, and Himalayan Policy Research Conference, various years.

Interviews and articles on economic development in Deshantar (weekly), and Kantipur (daily), 2000.

Reviewer for the sessions on "International Agricultural Development" for the American Agricultural Economics Association 2000 annual meeting.

Member, Ph.D. Macro Theory Preliminary Examination Committee, 1999, Oregon State University, wrote and graded Macroeconomics Prelims; Macro prelim reviewer, 1998.

Regular contributor of economic articles to Nepal Update, a quarterly newsmagazine published from Washington, DC, (Economics editor: 1990-93).

Member, Professional Associations: American Economic Association(1990- ), Midwest Economics Association(1999- ), Western Economic Association (2000-06), Southern Economic Association (1993-94, 2000-05), Missouri Valley Economic Association (2004- ).

Committee Work at EIU:

University: Chair, Research/Creative Activity Screening Committee (COS Projects), 2009-10. Member: Research/Creative Activity Screening Committee (COS Projects), 2009-10; Williams Travel Award Committee, Fall 2010; Council on Academic Affairs (2004-07), Library Advisory Board (2003-06), Health Services Advisory Board (2000-03), Parking Advisory Committee (2001-02).

College of Sciences: Member, Graduate Student Investigator Award Committee, 5 years (2000-02, 2004-05).

Department of Economics, various years:

Chair: Graduate Program Committee (Graduate Coordinator, 2007 - present), Standards Committee, Curriculum Committee

Member: Economics Club Education Affairs, Graduate Program Committee, Assessment Subcommittees, Application Screening Committee (Faculty Recruitment), Library Liaison

Honors and Awards:

2009-10, Nominated, EIU Ringenberg Award, (university-wide).

2008-09 Achievement and Contribution Award in Research (university-wide), Eastern IL Univ.

Council on Faculty Research, Summer Research Award, EIU, 2010, 2008, 2007, 2006, 2000.

Nominated Outstanding Graduate Faculty Mentor, Eastern Illinois University, Spring 2003.

Awarded Outstanding Graduate Faculty Mentor Award, EIU Economics Graduate Students, April 2003.

College of Sciences special projects award, 2000-02, Eastern Illinois University.

Who's Who among America's Teachers, Educational Communications, 1994.

World Bank Graduate Scholarship (1987-89) at Johns Hopkins University.

Ford Foundation Fellowship (1981-83) at Thammasat University.

Gold Medals: Mahendra Vidyabhushan Class II (1975); T.P. Chaudhri and M.L. Chuke (1974) at Tribhuvan University.