FLAME University

FACULTY

Learning from some of the best minds in education and in the industry
Prof. Debasis Rooj
Associate Professor - Economics
Email: debasis.rooj@flame.edu.in
PhD in Economics from Northern Illinois University, USA; M.Sc. in Economics; B.Sc. in Economics Honors
BIO

Debasis Rooj is an Associate Professor of Economics at the FLAME University. Before joining FLAME, he was an Associate Fellow at the Institute for Human Development, Ranchi, India. He has over 15 years of teaching experience in the US and India. Debasis teaches undergraduate and post-graduate courses in macroeconomics and financial economics. He has previously taught courses in business mathematics, econometrics, and financial econometrics. Dr. Rooj extensively imbibes real-life examples and data analysis in his teaching.


Dr. Rooj’s current research includes exploring the micro-macro linkages using household-level data. He has published in several reputed journals, including World Development, Economic Analysis and Policy, Economics Letters, Spatial Economic Analysis, Review of Economics of the Household, and Economics of Innovation and New Technology.


He has also provided research support for the Economic Survey of Jharkhand 2015-16 and 2018-19, Government of Jharkhand. He was also a part of a Government of Jharkhand sponsored evaluation program on creating awareness about protecting the environment and biodiversity.


His Ph.D. dissertation at Northern Illinois University, USA, explored the simultaneous linkages between the macroeconomy and financial market using a production-based DSGE model with long-run stochastic shocks. His paper titled Asset Pricing Implications in a Production Economy with an Investment-Specific Technology Shock won second prize at the Ph.D. Students’ Thesis Competition organized by the Illinois Economic Association, Illinois in 2010. He also received the Outstanding Teaching Assistant Award from the Department of Economics, NIU.



RESEARCH & PUBLICATIONS

Published Work



  • Rooj, D., Banerjee, A., Sengupta, R. & Pathak, P. (2024). Shedding light on consumer sentiments: evidence from India. Spatial Economic Analysishttps://doi.org/10.1080/17421772.2024.2333412.

  • Rooj, D., Banerjee, A. & Sengupta, R. (2024). Economic Policy Uncertainty and Household Consumer Confidence- Evidence from Indian Household Data. The Indian Economic Journal. https://doi.org/10.1177/0019466224123850.

  • Rooj, D. & Sengupta, R. (2024)Contributory Pension Scheme and Formal Retirement Savings: Is there a trade-off? -Evidence from India’s Atal Pension Yojna Using Copula Regression Methodology. Review of Economics of the Householdhttps://doi.org/10.1007/s11150-024-09705-w.

  • Rooj, D., Banerjee, A. & Sengupta, R. (2024). Impact of Macroprudential Policies on House Price Expectations- Evidence from Survey Data. Economics Letters. https://doi.org/10.1016/j.econlet.2024.111612.

  • Saha, A., Rooj, D., & Sengupta, R. (2023). Macroprudential Policy and mortgage leverage decisions—Evidence from micro data, Economic Analysis and Policy. https://doi.org/10.1016/j.eap.2023.10.011.

  • Rooj, D., & Kaushik, R. (2023). Impact of technological change on growth trajectory of India: a multivariate-BVAR analysis. Economics of Innovation and New Technology. (https://doi.org/10.1080/10438599.2023.2267994)

  • Sengupta, R. & Rooj, D. (2023). Does Crop Insurance Promote Nutrition and Good Health Among Women and Children in the Agrarian Households of India? In S. Mahendra Dev, A. Ganesh Kumar, and Vijay Laxmi Pandey (ed.), Achieving Zero Hunger in India, Challenges & Policies, Springerhttps://doi.org/10.1007/978-981-99-4413-2.

  • Rooj, D., Banerjee, A., Sengupta, R. (2023). COVID-19 and Consumer Confidence: Evidence from India. Arthaniti: Journal of Economic Theory and Practice. Doi:https://doi.org/10.1177/097674792311976.

  • Sengupta, R., & Rooj, D. (2022). The Impact of Pradhan Mantri Krishi Samman Nidhi Yojna on Food Security and the Healthcare-Seeking Practices of Agricultural Households in Bihar: A Note from the Field. Ecology, Economy and Society–the INSEE Journal5(2).

  • Eunny, P., Rooj, D., & Sengupta, R. (2022). Caste-based Crime and Agriculture: Panel Data Evidence from the Indian States. Indian Journal of Human Development16(2), 338–351. 

  • Rooj, D. & Sengupta, R. (2022). Forecasting Private Consumption with Digital Payment Data: A Mixed-Frequency Analysis, In John Beirne and David G. Fernandez (Ed.), Harnessing Digitalization for Sustainable Economic Development: Insights for Asia. Asian Development Bank Institute, Tokyo, ISBN 978-4-89974-245-6.

  • Saha, A., Rooj, D., & Sengupta, R. (2022). Loan to value ratio and housing loan default–evidence from microdata in India. International Journal of Emerging Markets. February 15, 2022, doi: 10.1108/IJOEM-10-2020-1272.

  • Rooj, D., & Sengupta, R. (2020). A Multivariate Bayesian Vector Autoregression Analysis of Digital Payment Systems and Economic Growth in India. In John Beirne and David G. Fernandez (Ed.), Macroeconomic Stabilization in the Digital Age. Asian Development Bank Institute, Tokyo, 108, ISBN 978-4-89974-225-8.

  • Sengupta, R., and Rooj, D. (2019). The Effect of Health Insurance on Hospitalization Identification of Adverse Selection, Moral Hazard, and the Vulnerable Population in the Indian Healthcare Market. World Development, 122, pp.110-129, doi:10.1016/j.worlddev.2019.05.012.

  • Rooj D., Sengupta R. (2018) Monetary Policy and Private Investment in India: The MIDAS Experience. In: Bhanumurthy N., Shanmugan K., Nerlekar S., Hegade S. (eds) Advances in Finance & Applied EconomicsSpringer, Singapore. doi: https://doi.org/10.1007/978-981-13-1696-8_8.

  • Sengupta, R., and Rooj, D. (2018). Factors Affecting Gender Disparity in Muslim Education in India. Journal of Development Policy and Practice, SAGE Publications. Vol 3(1), pp. – 1-28, doi:10.1177/2455133317737936.

  • Sengupta, R., and Rooj, D. (2016). An Econometric Analysis on the Effect of Janani Suraksha Yojana on the Utilisation of Antenatal Care by Women from Different Socio-Economic and Demographic Backgrounds. Public Health Infrastructure in Transition, Bloomsbury Publishers, India. P. Sigamani, N. U. Khan and G Ramachandran (eds.), ISBN: 978-93-85936-22-7, pp 86-111.

  • Sengupta, R. & Rooj, D. (2013). Can Poor Health in the Family Affect Individuals’ Labour Supply Decisions? Indian Journal of Research, ISSN: 2231-6655
















                              Conferences



                              • Bayesian Estimation of a Dynamic Asset Pricing Model With Long-Run Risk, September 2013 at 13th International Conference on “Emerging Trends, Challenges & Opportunities in Global Business, Management, Tourism & Information Technology” (IC- GBMTI-2013), Goa, India

                              • Assessing the Impact of School Quality on School Dropout Rates: A Study of Schools in Saharanpur, Uttar Pradesh, October 2013 at E &H conference, The Glocal University, Saharanpur, India

                              • Implications in a Production Economy with an Investment Specific Technology Shock, Nov 2010 at Southern Economic Association, GA, USA

                              • Bayesian Estimation of a Dynamic Asset Pricing Model with Long-Run Risk, Oct 2010 at Illinois Economics Association, IL, USA

                              • Asset Pricing Implications in a Production Economy with an Investment Specific Technology Shock, Oct 2010 at Midwest Economic Association, IL, USA

                              • Asset Pricing Implications in a Production Economy with an Investment Specific Technology Shock, Dec 2009 at Northern Illinois University, IL, USA


                              Research Projects



                              • Jharkhand Economic Survey 2015-16, Department of Finance, Government of Jharkhand (r esearch contribution: Macroeconomic Overview, Public Finance, Labour and Employment and Education )

                              • Evaluation of Harit Chetna Abhiyan, Department of Forest, Government of Jharkhand (survey design, questionnaire development, analytics and report writing)

                              • Principal Data Collector, Impact of Reservation Policy on Underprivileged Population of West-Bengal, India, 2002-2003, University Grants Commission


                              Book Review



                              • Principles of Economics, N. Gregory Mankiw, 2014, Cengage Learning

                              • Principles of Economics by Dirk Mateer and Lee Coppock, 2014, W.W. Norton