Dr. Srinivasan Raghavendran BSc, M.Sc, M.Phil, PhD
Contact Details
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Biography:
Dr. Raghavendra’s received his PhD degree from the Jawaharalal Nehru University in New Delhi. His doctoral dissertation was a study on the dynamics of Economic growth and Income distribution in the traditions of Michael Kalecki and John Maynard Keynes, and his subsequent research is focused on a variety of themes in Macroeconomic theory, Financial economics, Political Economy, and Complex Systems. His current research focuses on the role of money and its impact on the wider economy in the context of Globalisation. Dr. Raghavendra is currently the Associate Director for Multidisciplinary Research in the Whitaker Institute at NUI Galway where his role is to create the capacity for multidisciplinary research using novel research methodologies for addressing global and regional public policy issues. The Social Sciences Computing Hub, the project which he led and successfully established, is one such capacity building project that provides a unique facility for multidisciplinary research in NUI Galway.
[1] “Economics, Politics and Democracy in the Age of Credit-Rating Capitalism", Economic and Political Weekly, Vol - XLVIII, No. 05, February, 2013. [3] “Testing for non linear dependence in the Credit Default Swap Market” Economics Research International, 2011 (with Kitty Moloney) [4] “Stocks Scanner Evaluator for Stocks or Options”, in IEEE:Computational Intelligence and Financial Engineering, 2009 (With Daniel Parashicv and V. Laurentiu) [6] "Limits to Investment Exhilarationism”, in Zeitschrift für Nationalökonomie, 2006, 87(3): 257-280. [7] “Effective Demand and Income Distribution: A Review” in Review of Development and Change, 2004, 3(2): 151-164. |
Research Interests
| My research is focused on a number of major themes in the areas of Macroeconomics, Financial Economics, Political Economy, and Complex Systems. My doctoral dissertation was a theoretical model that highlighted the complex nature of economic fluctuations arising from the dynamics between the level of macroeconomic output and distribution of income. Following from my doctoral study I have been working on modeling economies as non-equilibrium systems, or dynamically unstable systems, since the current equilibrium framework is not adequate to capture the complex dynamics of real economies and my interest is in formulating alternative theoretical frameworks to capture the dynamics of non-equilibrium economic systems. My publications to date reflect my articulated research agenda. I have published papers in high-level international journals in the fields of Economics, Finance, Physics, Engineering, and Political Economy. These include Zeitschrift für Nationalökonomie; European Physical Journal B; IEEE: Computational Intelligence and Financial Engineering (Institute of Electrical and Electronics Engineers); Economics Research International; and Economic and Political Weekly. |
Research Projects
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Project: MF06P18 AN EXPERIMENTAL APPROACH TO PUBLIC GOODS ( RM6018) Start/End Dates: 08-JAN-07 / 19-JUN-09 |
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Project: MF49 2005 M SRINIVASAN RAGHAVENDRAN ( RM5049) Start/End Dates: 01-NOV-05 / 31-OCT-06 |
Book Chapters
| Srinivas, Raghavendra; Moloney, Kitty (2012) 'Arbitrage-Free Parity Theory for the CDS and Bond Markets' In: M. Cummins et al (eds). Topics in Numerical Methods for Finance. New York: Springer. [Details] |
| Srinivas Raghavendra (2008) 'Decomposition Methods for Analyzing Intra-regional and Inter-regional Income Distribution' In: Peter Flaschel and Michael Landesmann (eds). Mathematical Economics and Dynamics of Capitalism. London: Routledge: Frontiers of Political Economy. [ARAN Link] [Details] |
| S Raghavendra (with Sitabhra Sinha) (2006) 'Market Polarization in Presence of Individual Choice Volatility' In: C. Brunn (eds). Advances in Artificial Economics: The Economy as a Complex Dynamic System. Berlin: Springer. [Details] |
| S Raghavendra (with Sitabhra Sinha) (2004) 'Emergence of two-phase behaviour in markets through interaction and learning in agents with bounded rationality' In: H Takayasu (eds). Practical Fruits of Econophysics. Tokyo:: Springer-Verlag. [Details] |
Edited Books
| Srinivas, Raghavendra; Boylan, Thomas (Ed.). (2010) Growth, Structural Change and Institutions. Ireland: National Council for Scientific and Technological Development (CNPq), Brasilia and NUI Galway, IRL. [Details] |
Peer Reviewed Journals
| Srinivas, Raghavendra (2013) 'Economics, Politics and Democracy in the Age of Credit-Rating Capitalism'. Economic & Political Weekly, Vol - XLVIII (No. 05). [Details] |
| S Raghavendra (with Kitty Moloney) (2011) 'Testing for non linear dependence in the Credit Default Swap Market'. Economics Research International, . [Details] |
| S Ragehvendra (with Daniel Parashiev & V Laurentiu) (2009) 'Stocks Scanner Evaluator for Stocks or Options'. IEEE: Computational intelligence and Financial Engineering, . [Details] |
| S Ragehvendra (with Daniel Parashiev & V Laurentiu) (2009) 'A framework for testing Algorithmic Trading Strategies'. Automation, Computers, Electronics and Mechtronics, . [Details] |
| S Ragehvendra (with Daniel Parashiev & V Laurentiu) (2008) 'Algorithmic Trading in an Artificial Stock Market'. Studies in Computational Intelligence, . [Details] |
| S Raghavendra (with T McDonough & MA Gonzalez-Perez) (2007) 'Trade Union Movement: CSR, Civil Society and Cross Transnational Labor Relations in the Agriculture Industry'. Indian Journal of Labor Economics, . [Details] |
| S Raghavendra (2006) 'Limits to Investment Exhilarationism'. Zeitschrift für Nationalökonomie, 87 (3):257-280. [Details] |
| S Raghavendra (2004) 'Effective Demand and Income Distribution: A Review'. Review of Development and Change, 3 (2):151-164. [Details] |
| Raghavendra, Srinivas; Sinha, Sitabhra (2004) 'Hollywood Blockbusters and Long-Tailed Distributions: An Empirical Study of the Popularity of Movies'. European Physical Journal B, . [Details] |
Conference Publications
| Srinivas, Raghavendra; Piiroinen, Petri (2010) A Reconsideration of Samuelson's Multiplier-Accelerator Model Economic Crisis: In the light of alternative development paradigms [Details] |
| Srinivas, Raghavendra; Vasiliu, Laurentiu; Parashicv, Daniel (2010) Algorithmic trading with human agents and computer agents in a virtual stock market & virtual futures market International Conference on Computational and Financial Econometrics [Details] |
| Srinivas, Raghavendra; Vasiliu, Laurentiu; Paraschiv, Daniel (2009) Algorithmic Trading with Human Agents and Computer Agents in an Artificial Stock Market International Conference on Computing in Economics and Finance [Details] |
| Duvvury, Nata; Srinivas, Raghavendra (2007) Gender-Based Violence, Identity, and Development: Initial Explorations In developent Futures . In: Carol Healy eds. Development Futures [Details] |
| S Raghavendra (with Uldis Bojars, Andreas Harth & Sheila Kinsella) (2007) An Empirical Investigation of networks in the Blogosphere Proceedings of the International Conference on Weblogs and Social Media (ICWSM '07) International Conference on Weblogs and Social Media (ICWSM '07) [Details] |
Published Reports
| Duvvury, Nata; Srinivas, Raghavendra; Callan, Aoife; Carney, Patricia; A (2013) Intimate Partner Violence: Economic costs and Implications for Growth and Development. The World Bank, Washington DC. [Details] |
Media - Community Engagement
| Srinivas Raghavendra (2013) Economists and Austerity Errors. Dublin: Media - Community Engagement [Details] |
Invited papers
Srinivas Raghavendra (2013) Economic Paradigms and Democracy in the Era of Financial Globalisation. India: Invited papers  [Details] |
Magazine Article
| Srinivas Raghavendra (2013) Tyranny of the Credit Rating Agencies. Dublin: Magazine Article [Details] |
Policy Contribution
| Srinivas Raghavendra (2012) Whitaker Institute Policy Brief. Policy Contribution [ARAN Link] [Details] |
| Srinivas, Raghavendra; Bhaduri, Amit, Skarstein, Rune, NIechoj, Thorsten, Wirkierman, Ariel; Walther, Herbert; Palma, Gabriel; Gabellini, Nadia; Cessarato, Sergio; Boylan, Thomas (2012) An Alternative Vision for the Eurozone Crisis. Spain, Italy, India, Argentina, and US: Policy Contribution [Details] |
Review Articles
| S Raghavendra (1996) Total Factor Productivity Growth: A Short-Run Equilibrium Analysis: A Review. Trivandrum, India: Review Articles [Details] |
Reviews
| Srinivas Raghavendra (2012) Econophysics An Emerging Discpline: Review. India: Reviews [Details] |
Research Paper
| Duvvury, N., Callan, A., Carney, P. and Raghavendran, S. (2013) Intimate Partner Violence: Costs and Implications for Growth and Development. Washington DC: Research Paper [Details] |
Technical Publication
| S Raghavendra (2005) E-Commerce: Review and Analysis. Digital Enterprise Research Institute Technical Report. Technical Publication [Details] |
| S Raghavendra (with Stephen Kinsella) (2005) What causes price dispersion in online markets?. Digital Enterprise Research Institute Technical Report. Technical Publication [Details] |
| S Raghavendra (with Stephen Kinsella) (2005) A Comparative Study of Electronic Market Efficiency. Digital Enterprise Research Institute Technical Report. Technical Publication [Details] |
Working Paper
| Ashe, Sinead; Srinivas, Raghavendra (2013) Assessing the Empirical Performance of the DSGE models in the lead up to the Crisis. Working Paper [ARAN Link] [Details] |
| Srinivas, Raghavendra (2005) Limits to Investment Exhilarationism: Revising Kaldorian Cycles. Galway, Ireland: Working Paper [Details] |
| Paraschiv, Daniel; Srinivas, Raghavendra; Vasiliu, Laurentiu (2008) A Framework for Testing Algorithmic Trading Strategies. Galway, Ireland: Working Paper [Details] |
| Srinivas, Raghavendra; Moloney, Kitty (2010) Quantitative Risk Estimation in the Credit Default Swap Market using Extreme Value Theory. Working Paper [Details] |
| Bhaduri, Amit; Guttal, Vishwesha (2012) An Investigation into the Dynamics of Financial Catastrophe. Working Paper [ARAN Link] [Details] |
| Naoise Metadjer; Srinivas Raghavendra (2013) Critical Transitions in Eurozone Sovereign Bond Markets. Working Paper [ARAN Link] [Details] |
| Srinivas, Raghavendra; Sinha, Sitabhra (2004) Phase Transition and Pattern Formation in a Model of Collective Choice Dynamics. Working Paper [Details] |
Conference Contributions
| Paraschiv, Daniel; Srinivas, Raghavendra; Vasiliu, Laurentiu (2009) Algorithmic Trading on an Artificial Stock Market. [Conference Paper], International Symposium on Intelligent Distributed Computing, Catania, Italy , 18-SEP-09 - 19-SEP-09. |
| Srinivas Raghvendra; Kitty Moloney (2011) Evidence of Nonlinear Structure in Equity, Bond and Credit Default Swap Markets. [Conference Paper], AIB-UKI Conference on International Business, Edinburgh , 15-FEB-11 - 17-FEB-11. |
| Srinivas, Raghavendra; Cessarato, Sergio; Walther, Herbert; Skarstein, Rune; Wikierman, Ariel; Gaberlleni, Nadia (2012) To articulate an alternative economic policy framework for the Eurozone crisis. [Conference Organising Committee Chairperson], Finance, Sovereign Debt and Eurozone Crisis, NUIG, Ireland , 05-NOV-12 - 07-NOV-12. |
| Bhaduri, Amit; Sethi, Shiv; Ramanathan, Usha; Haragopal, G; and various (2012) The impact of the global economic crisis for Indian Economy. [Conference Organising Committee Chairperson], Contemporary Indian Economy, Indian Institute of Science, Bangalore, India , 17-JUL-12 - 17-JUL-12. |
| Srinivas, Raghavendra (2013) Economics of Development and Patterns of Economic Development. [Invited Lecture], International Labour Organization Lectures, Turin, Italy , 06-MAR-13 - 11-MAR-13. |
| Srinivas, Raghavendra (2013) Economic Crises and the Political Economy of Economic Paradigms. [Invited Lecture], Being Social: An Inter-Disciplinary Dialogue on Social Behaviour, Indian Institute of Science, Bangalore, India , 26-JUN-13 - 29-JUN-13. |
| Srinivas, Raghavendra (2013) Political Economy of Development. [Invited Lecture], International Labour Organization Lectures, Turin, Italy , 06-MAR-13 - 11-MAR-13. |
| Srinivas, Raghavendra (2013) Classical Theories and Contemporary Models of Development. [Invited Lecture], International Labour Organization Lectures, Turin, Italy , 06-MAR-13 - 11-MAR-13. |
| Srinivas, Raghavendra (2013) Metaphors, Models and Economic Policies. [Invited Lecture], International Labour Organization Lectures, Turin, Italy , 06-MAR-13 - 11-MAR-13. |
| Metadjer, Naoise; Srinivas, Raghavendra (2013) Do financial markets undergo Critical Transitions?. [Poster Presentation], Irish Research Council Annual Symposium, Dublin , 27-SEP-13 - 27-OCT-13. |
| Srinivas, Raghavendra (2013) Financial Globalisation and Economic Policy. [Invited Oral Presentation], Affordable Homes and Sustainable Housing, Cork, Ireland , 27-APR-13 - 27-APR-13. |
| Srinivas, Raghavendra; Piiroinen, Petri (2011) This conference was organized in collaboration with COST action “Physics of Competition and Conflict” directed by Prof. Peter Richmond. The conference was the inaugural event of the Complex Systems Research Centre (CORE). [Conference Organising Committee Chairperson], Self-Organization, Nonlinearity and Evolution: From Biology to Economics, National University of Ireland, Galway , 24-OCT-11 - 26-OCT-11. |
| Srinivas Raghavendra (2011) This was a prestigious conference which brought together some of the world leading economists from US, South America, Europe, India and Japan. The main objective of the Colloquium was to contribute to the understanding of the ongoing economic crisis from the point of view of Growth, Structural Change and Institutions. [Conference Organising Committee Member], VIII International Colloquium on “Economic Growth, Structural Change and Institutions”, National University of Ireland, Galway , 26-MAY-11 - 27-MAY-11. |
| Srinivas Raghavendra (2010) Colloquium on Alternative Development Paradigms. [Chaired Session], International Colloquium on “Economic Crisis: In the light of alternative development paradigms”, Paris , 26-MAY-10 - 28-MAY-10. |
| Srinvias Raghavendra (2006) Session in Honor of Richard Goodwin. [Invited Lecture], EAEPE Conference, Breman, Germany , 23-OCT-06 - 25-JAN-07. |
Committees
| Committee : Associate Director - Whitaker Institute |
| Committee : Director - M.Econ.Sc (International Finance) |
| Committee : Editor - Economics Working Paper Series |
| Committee : Coordinator - Economics Seminar Series |
| Committee : Ph.D committee, College of Business, Law and Public Policy |
| Committee : Ph.D committee |
| Committee : Vice Dean Committee for Promotion |
| Committee : Executive Education Working Group |
| Committee : 2nd year UG Arts advisory board |
| Committee : 2nd Arts UG |
| Committee : Evening BA Program (Economics |
Employment
| Employer: National University of Ireland, Galway Position: Lecturer Above-the-Bar |
| Employer: Aaloborg University, Denmark Position: Associate Professor (Appointed) |
| Employer: Madras School of Economics, India Position: Assistant Professor |
Education
| Year 2002 Institution: Jawaharlal Nehru University Qualification: DOCTOR OF PHILOSOPHY Subject: Economics |
| Year 1995 Institution: Jawaharlal Nehru University Qualification: MASTER OF PHILOSOPHY Subject: Economics |
| Year 1993 Institution: M.K. University Qualification: MASTER OF PHILOSOPHY Subject: Economics |
| Year 1992 Institution: Annamalai University Qualification: MASTERS OF SCIENCE Subject: Statistics (Mathematical Statistics) |
| Year 1990 Institution: Madura College, M.K. University Qualification: BACHELOR OF SCIENCE Subject: Mathematics (Physics and Statistics) |
Languages
| English: |
| Hindi: |
Community Engagement
| Teaching Primary School Students in Purnapramati |
| Policy debates - Economics of Austerity to broader audience |
Teaching Interests
| I started my teaching career in the year 2000, immediately after I had submitted my doctoral thesis, in the Madras School of Economics at Chennai in India. I have developed and taught modules on Macroeconomic Theory, Financial Economics and Quantitative Methods for Economics for the masters’ students (M.Sc. in Economics). Since then I have taught a wide ranging courses within the ambit of my research expertise and I have improved and introduced novelties in the modules within the discipline of economics and have also developed innovative interdisciplinary modules that arose from my research collaborations with collaborators from other disciplines such as Mathematics/Physics, Engineering and Psychology. For example, I designed and taught a course on "Dynamical Systems Approach to Cognition" to the advanced Undergraduate students in Psychology in 2008. I have also developed a novel module with Dr. Petri Piiroinen titled "Modeling, Analysis and Simulation in 2010 and the course has now been integrated in the curricula of the B.Sc. Financial Mathematics and Economics program. A sample list of courses that I have taught are: Topics in Macroeconomic Theory (Final year Undergraduates) Advanced Economic Theory (Fourth year Financial Mathematics and Economics, and General Arts and Commerce) Economics of Finance (Fourth year Financial Mathematics and Economics, and Masters in International Finance) Quantitative Methods in Finance (Masters in International Finance) Modelling, Analysis and Simulation (Second year Financial Mathematics and Economics) Advanced Macroeconomic Theory (Fourth year Financial Mathematics and Economics) Mathematics for Economics (Second year general Arts students (BA)) |
Recent Postgraduates
| Ph.D. Supervision Awarded
[2] “Data Envelopment Analysis and Frontier: Some Methodology Extensions and Applications”, November 2009 (Co-Supervised with Late Dr. Eoghan Garvey) [3] “Macroeconomic Volatility and Financial Contagion”, Department of Economics Ph.D., NUI Galway, July 2012. |
Current Postgraduate Students
| Catherine Moloney, Doctorate - Ph.D. (Commerce) - Supervisor |
| Sinéad Ashe, Doctorate - Structured Ph.D. in Arts, Humanities and Social Sciences - Supervisor |
| Xiaolei Tang, Doctorate - Ph.D. (Commerce) - Supervisor |
| Mary Ryan, Doctorate - Ph.D. (Commerce) - Supervisor |
| Vidyaratne Herath Mudiyanselage, Doctorate - Ph.D. (Commerce) - Supervisor |
| Naoise Metadjer, Doctorate - Structured Ph.D. in the College of Business, Law & Public Policy - Supervisor |
Modules Taught
| Autumn/2013 EC565 Economics of Finance: Seminar in Financial Economics I |
| Autumn/2013 EC219 Economic Analysis: Comparative Economic Thought |
| Autumn/2013 EC411 Economics of Finance: Seminar in Financial Economics I |
| Spring/2014 EC566 quant finance: Quantitative Methods in Finance |
| Spring/2014 EC424 Macroeconomic theory: Topics in Macroeconomic Theory |
Internal Collaborators
| My research is multidisciplinary. I have collaborated with Physicists, Mathematicians, Engineers, and Ecologists. My publications testify the diversity and the nature of my collaboration with scientists from the Sciences. In my capacity as Associate director of the Whitaker Institute, I have initiated many interdisciplinary workshops and seminars within NUIG. I have a very extensive collaborations with scientists in diverse domains across various research institutes and universities like Santa Fe Institute in the US, Jawaharlal Nehru University, Institute of Mathematical Sciences and Indian Institute of Science in India. Artificial Financial Markets with Human Agent Interface” with Dr. Laurentiu Vasiliu, Professor Jim Browne, and Mr. Daniel Paraschiv, NUIG.
Business Cycles and Growth with Dr. Petri Piiroinen, School of Mathematics, NUIG.
Economic Development, Gender and Identity with Dr. Nata Duvvury in Department of Sociology and Political Science, NUIG.
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External Collaborators
| Money, Economy and Crisis - This work is in collaboration with an eminent economist Professor Amit Bhaduri at the Jawaharlal Nehru University, New Delhi, India; Professor Srikanth Iyer and Dr. Vishwesha Guttal in the Indian Institute of Sciences, Bangalore, India. |