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Home / Faculty / Prof. Rajeev K Goel

Prof. Rajeev K Goel

Chair Professor - Economics
Email: rajeev.goel@flame.edu.in
Prof. Rajeev Kumar Goel has Doctorate Degree in Economics from the University of Houston. He also holds a Master’s Degree in Economics from the University of Houston and a Bachelor’s Degree in Commerce from Guru Nanak Dev University.
BIO

Prof. Rajeev Kumar Goel is a Professor – Economics and Chair Professor - Economics at FLAME University. Following his Doctoral Degree from the University of Houston, Dr. Goel has held positions at the Oak Ridge National Laboratory and Illinois State University, both in the United States. He also holds research affiliations with the Kiel Institute for the World Economy (Germany), CESifo (Germany), and the Institute for Studies on the Mediterranean/National Research Council (ISMed/CNR), (Italy). In addition, he serves on the editorial boards of a number of international professional journals.


Dr. Goel has taught graduate and undergraduate courses in many microeconomic fields including industrial organization, microeconomics, mathematical economics, managerial economics, MBA, and regulatory economics.


Dr. Goel’s theoretical and empirical research encompasses many areas of economics. He is the author of two scholarly books and more than 250 journal articles. He has presented his research in more than 40 countries and is ranked among the top 5% economics authors along a number of metrics (https://ideas.repec.org/f/pgo308.html), and ranked among the top-20 economists of all economists in the German speaking countries (Germany, Austria, and Switzerland) and researchers who are born in these countries (https://www.forschungsmonitoring.org/ranking/vwl/authors).



RESEARCH & PUBLICATIONS

Books



  • Goel, R.K., and M.A. Nelson, Global Efforts to Combat Smoking, Ashgate Publishing, 2008.

  • Goel, R.K., Economic Models of Technological Change, Westport, CT: Quorum Books, 1999.


Articles



  • Goel, R.K., “Contractual, economic, and political uncertainties: Implications for entrepreneurship”, Applied Economics, forthcoming.

  • Goel, R.K., and M.A. Nelson, “Cash versus digital payments in the public and private sectors: Effects on petty versus grand corruption”, Public Choice, forthcoming.

  • Haruna, S., and R.K. Goel, “Trade Liberalization and Endogeneity in a Unified Model of Production and Consumption Pollution”, Journal of Institutional and Theoretical Economics (JITE), forthcoming.

  • Goel, R.K., “University-Industry Collaborations: An International Perspective”, Journal of Technology Transfer, forthcoming.

  • Goel, R.K., and M.A. Nelson, “Is adversity the mother of innovation? International evidence at the firm level”, Journal of Technology Transfer, 2025, 50, 1873-1892.

  • Goel, R.K., and M.A. Nelson, “Election campaign finance bans and corruption: Effectiveness across parliamentary and presidential democracies”, Constitutional Political Economy, 2025, 36, 129-156.

  • Faria, J. and R.K. Goel, “Academic Publication Uncertainty and Research Behavior”, Managerial and Decision Economics, 2024, 45, 5607-5614.

  • Goel, R.K., J.R. Jones, and S. Capasso, “Covid-19 vaccine variety and dimensions of risks: What factors induced nations to introduce multiple vaccines?”  The World Economy, 2024, 47, 4019-4037.

  • Goel, R.K., and U. Mazhar, “Cryptocurrency use and tax collections: Direct and indirect channels of influence”, Journal of Financial Stability, 2024, 72, C, 101251.

  • Goel, R.K., and M.A. Nelson, “Awareness of artificial intelligence: Diffusion of AI versus ChatGPT information with implications for entrepreneurship”, Journal of Technology Transfer, 2025, 50, 96-113.

  • Goel, R.K., and M.A. Nelson, “Do college anti-plagiarism/cheating policies have teeth in the age of AI? Exploratory evidence from the Internet”, Managerial and Decision Economics, 2024, 45, 2336-2347.

  • Goel, R.K., J.W. Saunoris, and S. Capasso, The nexus between corruption and academic freedom: An international investigation of the underlying linkages”, Contemporary Economic Policy, 2023, 41, 513-531.

  • Goel, R.K., and M.A. Nelson, “Aggressive COVID-19 lockdown policies: What factors significantly drove them across nations?” Managerial and Decision Economics, 2023, 44, 2211-2222.

  • Goel, R.K., and J.W. Saunoris, “Foreign Direct Investment (FDI): Friend or foe of non-innovating firms?” Journal of Technology Transfer, 2022, 47, 1162-1178.

  • Goel, R.K., and M.A. Nelson, “Employment effects of R&D and process innovation Evidence from small and medium-sized firms in emerging markets”, Eurasian Business Review, 2022, 12, 97-123.

  • Goel, R.K., J.W. Saunoris, and S.S. Goel, “Supply chain performance and economic growth: The impact of COVID-19 disruptions”,  Journal of Policy Modeling, 2021, 43, 298-316.

  • S. Capasso, R.K. Goel, and J.W. Saunoris, “Is it the gums, teeth or the bite? Effectiveness of dimensions of enforcement in curbing corruption”, Economics of Governance, 2019, 40, 329-369.

  • Goel, R.K., and J.W. Saunoris, “International corruption and its impacts across entrepreneurship types”, Managerial and Decision Economics, 2019, 40, 475-487.

  • Goel, R.K., and U. Mazhar, “Does capital punishment deter white collar crimes?” The World Economy, 2019, 42, 1873-1897.

  • Goel, R.K., “Identity theft in the internet age: Evidence from U.S. states”, Managerial and Decision Economics, 2019, 40, 169-175.

  • Goel, R.K., and M.A. Nelson, “Determinants of Process Innovation Introductions: Evidence from 115 Developing Countries” Managerial and Decision Economics, 2018, 39, 515-525.

  • Goel, R.K., U. Mazhar, M.A. Nelson, and R. Ram, “Different Forms of Decentralization and their Impact on Government Performance: Micro-Level Evidence from 113 Countries”, Economic Modelling, 2017, 62, 171-183.

  • Goel, R.K., U. Mazhar, and M..A. Nelson, “Corruption Across Government Occupations: Cross-National Survey Evidence”, Journal of International Development, 2016, 28, 1220-1234.

  • Goel, R.K., and M.A. Nelson, “Shining a Light on the Shadows: Identifying Robust Determinants of the Shadow Economy”, Economic Modelling, 2016, 58, 351-364.

  • Goel, R.K., J.W. Saunoris, and X. Zhang, “Intranational and International Knowledge Flows: Effects on the Formal and Informal Sectors”, Contemporary Economic Policy, 2016, 34, 297-311.

  • Goel, R.K., and J.W. Saunoris, “Global Corruption and the Shadow Economy: Spatial Aspects”, Public Choice, 2014, 161, 119-139.

  • Goel, R.K., J. Budak, and E. Rajh, “Bureaucratic Monopoly and the Nature and Timing of Bribes: Evidence from Croatian Data”, Comparative Economic Studies, 2013, 55, 43-58.

  • Goel, R.K.,M.A. Nelson, and M.A. Naretta, “The Internet as an Indicator of Corruption Awareness” European Journal of Political Economy, 2012, 28, 64-75.

  • Goel, R.K., and M.A. Nelson, “Measures of Corruption and Determinants of U.S. Corruption”, Economics of Governance, 2011, 12, 155-76.

  • Goel, R.K., and M.A. Nelson, “Causes of Corruption: History, Geography and Government”, Journal of Policy Modeling, 2010, 32, 433-447.

  • Goel, R.K., and M.A. Nelson, “Determinants of Software Piracy: Economics, Institutions, Technology”, Journal of Technology Transfer, 2009, 34, 637-658.

  • S.M. Billger, and R.K. Goel, “Do Existing Corruption Levels Matter in Controlling Corruption? Cross-Country Quantile Regression Estimates”, Journal of Development Economics, 2009, 90, 299-305.

  • Goel, R.K., J.E. Payne, and R.K. Goel, “R&D Expenditures and U.S. Economic Growth: A Disaggregated Approach”, Journal of Policy Modeling, 2008, 30, 237-250.

  • Goel, R.K., E.W.T. Hsieh, M.A. Nelson, and R. Ram, “Demand Elasticities for Internet Services”, Applied Economics, 2006, 38, 975-980.

  • Goel, R.K., and D.P. Rich, “Organization of Markets for Science and Technology”, Journal of Institutional and Theoretical Economics, 2005, 161, 1-17.

  • Goel, R.K., and M.A. Nelson, “The Political Economy of Motor-Fuel Taxation”, The Energy Journal, 1999, 20, 43-59.

  • Goel, R.K., and M.A. Nelson, “Corruption and Government Size: A Disaggregated Analysis”, Public Choice, 1998, 97, 107-120.

  • Brown, M.A., L.G. Berry, and R.K. Goel, “Guidelines for Successfully Transferring Government-Sponsored Innovations”, Research Policy, 1991, 20, 121-143.

  • Baltagi, B.H., and R.K. Goel, “Quasi-Experimental Price Elasticity of Liquor Demand in the United States: 1960-1983”, American Journal of Agricultural Economics, 1990, 72, 451-454.

  • Goel, R.K. and D.P. Rich, “On the Economic Incentives for Taking Bribes”, Public Choice, 1989, 61, 269-275.

  • Further details at: https://econpapers.repec.org/RAS/pgo308.htm


Conference Presentations



  • “Empirical Approaches to Anticorruption”, University of Passau, Germany, The Economics of Corruption 2010: Lecture and Workshop in Good Governance and Reform.

  • “Are All Academic Entrepreneurs Created Alike? Evidence from Germany”, Northwestern University.

  • “R&D Subsidies, Cournot Oligopoly and Uncertain Process Innovation”, Bank of Finland, Helsinki.

  • “Corruption and Government Size: A Disaggregated Analysis”, Ministry of Finance, Kyrgyzstan.

  • “Gasoline Price Stability, the Elasticity of U.S. Gasoline Demand, and Lessons for Energy Taxation”, Southern Economic Association.

  • “Deregulation and Airline Labor Markets”, Southern Economic Association, and Allied Social Science Associations.

  • “Market Structure, Innovations, and Welfare”, Australasian Meeting of the Econometric Society during the Australian Economics Congress, Canberra, Australia.


Awards and Honors



  • Bergson Prize for the best paper published in the past two years in Comparative Economic Studies by the Association for Comparative Economic Studies (ACES), ("Bureaucratic Monopoly and the Nature and Timing of Bribes: Evidence from Croatian Data" (2 co-authors)), 2016.

  • Janice Witherspoon Neuleib Award for Outstanding Scholarly Achievement of the Year by a Tenured Faculty Member, College of Arts and Sciences, Illinois State University, 2021.

  • College of Arts and Sciences Distinguished Lecturer, Illinois State University, 2019.

  • Outstanding University Researcher, Illinois State University, 2010.

  • Outstanding College Researcher, College of Arts and Sciences, Illinois State University, 2007.

  • James V. Koch-Economics Advisory Board Faculty Development Award, Illinois State University, 2007, 2017.

  • Scott Elliott Faculty Excellence Award, Department of Economics, Illinois State University, 2007, 2011, 2015, 2018.

  • Ranked among the 400 most prolific economists worldwide, (based on the number of publications from 1990-2000), in a study sponsored by the European Economic Association.

  • University Research Grant, Illinois State University, 1993-94, 1996-97, 1998-99, 2000-01, 2002-03, 2004-05, 2006-07.

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