Faculty

Dr. Jaydeep Mukherjee

Professor

Area of Expertise: Economics

Email: jaydeep.m@greatlakes.edu.in

BACK TO FACULTY

Dr. Jaydeep Mukherjee comes with 25 years of experience in academics, teaching and research. His areas of interest include Financial Economic, Macroeconomic Theory and Policy, International Macroeconomics, International Finance, Trade Analytics and Global Business Environment.

His last assignment was with Shiv Nadar University Chennai as a Professor - Economics. Prior to that he hold a full-time faculty role at the Indian Institute of Foreign Trade (IIFT) Delhi, and also served as Visiting Faculty in Economics at Jawaharlal Nehru University (JNU), IMI Delhi, IIM Raipur and IIM Sirmaur.

Dr. Mukherjee holds a Bachelor of Arts degree in Economics, a Master of Arts degree in Economics, and a Ph.D. from Jadavpur University, Kolkata. He was awarded the Gold Medal at both undergraduate and postgraduate levels. He has done extensive professional development programmes on Shipping and Logistics organized by APEC-Antwerp/Flanders Port Training Centre at Port of Antwerp, Belgium and successfully completed Summer School on DSGE Modelling at University of Surrey, UK.

Peer-Reviewed Journal Articles

  • Abhirami Ayakara and Jaydeep Mukherjee (Forthcoming), "Inflation Expectation, Output Gap and Exchange Rate: navigating India's monetary policy reaction", Journal of the Asia Pacific Economy, https://doi.org/10.1080/13547860.2025.2545201
  • Puneet Arora and Jaydeep Mukherjee (2025), “External Finance Dependence, Financial Development and Exports: A Firm-Level Study from India”, International Journal of Emerging Markets, 20 (6), https://doi.org/10.1108/IJOEM-07-2022-1156
  • Puneet Arora and Jaydeep Mukherjee (2024), “Financial Development and Sub-National Export Performance: Evidence from the Indian States”, Indian Economic Journal, https://doi.org/10.1177/00194662241251555
  • Aditi Vallabh, Divya Tuteja and Jaydeep Mukherjee (2024), “Current Account and Intertemporal Approach: Extent of Liberalization in India”, Empirical Economics Letters, 23 (8), http://www.eel.my100megs.com/volume-23-number-8.htm
  • Rishika Nayyar, Jaydeep Mukherjee and Sumati Verma (2022), “Institutional Distance as a Determinant of Outward FDI from India”, International Journal of Emerging Markets, 17(10), https://doi.org/10.1108/IJOEM-12-2019-1031
  • Puneet Arora and Jaydeep Mukherjee (2020), “The Nexus between Financial Development and Trade Performance: Empirical Evidence from India in the Presence of Endogenous Structural Breaks”, Journal of Financial Economic Policy, 12(2), https://doi.org/10.1108/JFEP-04-2019-0067
  • Rishika Nayyar and Jaydeep Mukherjee (2020), “Home country impact on Outward FDI from India”, Journal of Policy Modeling, 42(2), https://doi.org/10.1016/j.jpolmod.2019.06.006
  • Rishika Nayyar and Jaydeep Mukherjee (2018), “Outward FDI from India: An Exploratory Examination of Home Country Effects in the Presence of Structural Breaks”, Empirical Economics Letters, 17(2), http://www.eel.my100megs.com/volume-17-number-2.htm
  • Debashis Chakraborty, Jaydeep Mukherjee, and Jaewook Lee (2017), “Does FDI Inflows Influence Merchandise Exports? Causality Analysis for India over 1991-2016”, Global Economy Journal, 17(3), https://doi.org/10.1515/gej-2017-0020
  • Ranajoy Bhattacharyya and Jaydeep Mukherjee (2014), “Do Exchange Rates Affect Exports in India”, South Asian Journal of Macroeconomics and Public Finance, 3(2), https://doi.org/10.1177/2277978714548631
  • Shegorika Rajwani and Jaydeep Mukherjee (2013), “Is the Indian Stock Market Cointegrated with Other Asian Markets?”, Management Research Review, 36 (9), https://www.emerald.com/mrr/article-pdf/36/9/899/2027863/mrr-06-2012-0141.pdf
  • Jaydeep Mukherjee (2013), “Financial Development and Economic Growth in India: A Study in the Presence of Endogenous Structural Breaks”, The IUP Journal of Applied Economics, 12(4), 2013
  • Debashis Chakraborty and Jaydeep Mukherjee (2013), “Is there any Relationship between Foreign Direct Investment, Domestic Investment and Economic Growth in India? A Time Series Analysis”, Review of Market Integration, 4(3), https://doi.org/10.1177/0974929213481712
  • Debashis Chakraborty, Julien Chaisse and Jaydeep Mukherjee (2013), “Deconstructing Service and Investment Negotiating Stance: A case Study of India at WTO GATS and Investment Fora”, Journal of World Investment and Trade, 14 (1), https://doi.org/10.1163/22119000-01401002
  • Biswajit Nag and Jaydeep Mukherjee (2012), “The Sustainability of Trade Deficits in the Presence of Endogenous Structural Breaks: Evidence from the Indian Economy”, Journal of Asian Economics, 23 (5), https://doi.org/10.1016/j.asieco.2012.05.003
  • Debashis Chakraborty, Jaydeep Mukherjee and Tanaya Sinha (2012), “The structural relationship between current and capital account Balance in India: A time series analysis”, Global Business Review, 13(3), https://doi.org/10.1177/097215091201300306
  • Julien Chaisse, Debashis Chakraborty and Jaydeep Mukherjee (2011), "Emerging Sovereign Wealth Funds in the Making - Assessing the Economic Feasibility and Regulatory Strategies", Journal of World Trade, 45(4), https://doi.org/10.54648/trad2011029
  • Julien Chaisse, Debashis Chakraborty and Jaydeep Mukherjee (2010), “An Indian Sovereign Wealth Fund in Making? Some reflections on the Economic Feasibility and Regulatory Strategies”, The Indian Journal of International Economic Law, 3(1)
  • Jaydeep Mukherjee (2009), “Inflation-Growth Trade-Off: Evidence from Indian Economy”, International Journal of Global Business and Economics, 2(1).
  • Jaydeep Mukherjee (2008), "Child Labour, Education Participation and Economic Growth in Sub Saharan Africa: An Empirical Study", Research Review, 24(1).
  • Soumya Guha Deb and Jaydeep Mukherjee (2008), “Volatility in Indian Equity Market during Pre and Post F&O Period: A Time-Series Analysis”, Vilikashan, 5 (2)
  • Soumya Guha Deb and Jaydeep Mukherjee (2008), “Does Stock Market Development Cause Economic Growth? A Time Series Analysis for Indian Economy”, International Research Journal of Finance and Economics, 21, 2008.
  • Basabi Bhattacharya and Jaydeep Mukherjee (2006), “Indian Stock Price Movements and the Macroeconomic Context – A Time-Series Analysis”, Journal of International Business and Economics, 5(1)
  • Basabi Bhattacharya and Jaydeep Mukherjee (2006), "Stock Market Prices, Mean Reversion and Structural Break: Evidence from Indian Stock Market", ICFAI Journal of Applied Finance, 12(2)
  • Basabi Bhattacharya and Jaydeep Mukherjee (2001), "Is Financial Sector Improvement Sufficient for Overall Economic Development? A Case Study for Indian Economy”, Decision, 28(2)

Book Chapters

  • ‘Financial Constraints and Export Participation: A Case Study of Indian Textile Industry’ (2022), published in the book Revisiting the Indian Financial Sector: Recent Issues and Perspectives, edited by Paramita Mukherjee, Springer, Singapore, pp 63-73 (Co-authored with P. Arora)
  • An Asian Perspective of Global Trade and Investment Dynamics’ (2016), published in the book Trade, Investment and Economic Development in Asia: Empirical and Policy Issues, edited by Debashis Chakraborty and Jaydeep Mukherjee, Routledge, UK, pp 1-21 (Co-authored with D. Chakraborty).
  • ‘Trade and Investment issues in Asia – Lessons for the Future’ (2016), published in the book Trade, Investment and Economic Development in Asia: Empirical and Policy Issues, edited by Debashis Chakraborty and Jaydeep Mukherjee, Routledge, UK, pp 350-375 (Co-authored with D. Chakraborty).
  • ‘Foreign Direct Investment and Macroeconomic Indicators in India: A Causality Analysis’ (2015), published in the book International Trade and International Finance: Explorations of Contemporary Issues, edited by Malobika Roy and Saikat Sinha Roy, Springer, India, pp 373-384 (Co-authored with B. Bhattacharya).
  • ‘Structural Breaks and the Effect of Exchange Rate on India’s Exports’ (2014), published in the book Current Issues in International Trade: Methodologies and Development Implications for the World Economy, edited by Gouranga G. Das, Nova Publishers, USA, pp 71-86 (Co-authored with R. Bhattacharyya)
  • ‘The Casual Linkage Between FDI and Current Account Balance in India: An Econometric Study in the Presence of Endogenous Structural Breaks’ (2014), published in the book Analytical Issues in Trade, Development and Finance: Essays in Honour of Biswajit Chatterjee, edited by Ghosh and Karmakar, Springer, India, pp 479-498 (Co-authored with D. Chakraborty and T. Sinha).
  • ‘India’s Stock Price Movements, Capital Inflows and Exchange Rate: A Macroeconometric Analysis’ (2010), published in the book Globalisation, Foreign Capital and Development, edited by Sutanu Bhattacharya et.al, Regal Publications, India, pp 293 – 313 (Co-authored with B. Bhattacharya).
  • ‘Globalisation, Social Expenditure and Economic Growth: A Cross-Country Study’ (2005), published in the book Globalisation and World Economic Policies: Effects and Policy Responses of Nations and their Groupings (Volume –1), edited by Clem Tisdell, Serials Publications, India, pp 41 – 57 (Co-authored with B. Bhattacharya).

Books

  • Lakhanpal, P., Mukherjee, J., Nag, B. and D. Tuteja. (2021). Trade, Investment and Economic Growth: Issues for India and Emerging Economies, Springer, Singapore.
  • Chakraborty, D. and J. Mukherjee. (2016). Trade, Investment and Economic Development in Asia: Empirical and Policy Issues, Routledge, UK.
  • Bhattacharya, B. and J. Mukherjee. (2008). Indian Equity Market since Liberalization: Efficiency, Volatility and Structural Break, World View Publishers, Kolkata, India.

Mainstream Press Articles

  • “Mega Bank Merge: Will it Amplify Risk?”, (Co-authored with P. Arora), Mint, dated December 02, 2025
  • “Why Indian Social Media Hasn’t Scaled?”, (Co-authored with P. Arora), Mint, dated November 06, 2025
  • “Can India Create Homegrown Giants to Rival the Big Four Firms”, (Co-authored with P. Arora), Mint, dated October 14, 2025
  • “Repo Rate Cuts are Lost in Transmission”, (Co-authored with P. Arora), Mint, dated September 29, 2025.
  • “Don’t let the chips fall: Why India’s semiconductor push is a step in right direction”, (Co-authored with P. Arora), Firstpost, dated September 27, 2024.
  • “Not as Strong, but $till Significant”, (Co-authored with P. Arora), The Economic Times, dated July 06, 2024.
  • “India cannot afford to let its savings rate keep slipping”,, (Co-authored with P. Arora), NIKKEI Asia, dated November 10, 2023.
  • “All you need to know about India’s new foreign trade policy”, (Co-authored with P. Arora), Mint, dated April 02, 2023.
  • “The significance of a free trade deal with the EU”, (Co-authored with P. Arora), Mint, dated May 01, 2022.
  • “Time for a sovereign wealth fund?”, (Co-authored with A. Kamila), Hindu Business Line, dated October 03, 2021.

PhD Research Advisory Committee Member

  • Ph.D. Awarded to 6 Scholars (as supervisor); Ph.D. Co-Supervisor for 2 ongoing Scholars

Visiting Faculty

  • Jawaharlal Nehru University (JNU), IMI Delhi, IIM Raipur and IIM Sirmaur

Other

Externally Funded Research Projects

Has completed as PI / Co-PI, 19 external funded / sponsored research projects commissioned by different Ministries of Government of India (e.g., Ministry of Commerce and Industry, Ministry of Statistics and Programme Implementation, ministry of Health and Family Welfare, Ministry of External Affairs, etc.); Multilateral Bodies (e.g., World Bank, etc.), Reserve Bank of India, Indian Embassies and Corporate Sector (e.g., PWC, Walmart, etc.). Details given below:

  • Brand Promotion of Indian Brands in Footwear and Leather Sector Sub-scheme of Indian Footwear and Leather Development Programme (IFLDP) (Commissioned by DPIIT, Government of India), 2023-2024.
  • Increasing Exports as a Driver of Economic Growth: Walmart’s Efforts in India (Commissioned by Walmart), 2021-22.
  • A Comparative Analysis of Export Credit Insurance to Exporters and Banks by ECGC: Implication on Export Performance of India (Commissioned by ECGC), 2020-21.
  • Study on Evaluation of Indian Footwear, Leather and Accessories Development Programme IFLADP (Commissioned by DPIIT, Government of India), 2019-20.
  • Prospects for India-UK Trade and Investment: An Assessment of the Opportunities and Challenges (Commissioned by DFID-UK and PwC), 2018-19.
  • Export Strategy Plan for Increasing Export of Spices and Value-Added Products of Spices from India (Commissioned by Spices Board, Government of India), 2018-19.
  • Development of Export Promotion Strategy of Nagaland (Commissioned by Department of Industry and Commerce, Government of Nagaland), 2017-18.
  • Maharashtra’s Export Potential: Challenges and Strategy (Commissioned by Directorate of Industries, Government of Maharashtra), 2015-16.
  • Pilot Survey on International Trade in Education Services in India at Graduate Level (Commissioned by DGCI&S, Government of India), 2015-16.
  • A Study on Punjab Export Potential and Strategy (Commissioned by Punjab Small Industries & Export Corporation, Chandigarh), 2014-15.
  • Ensuring India’s Energy Security: Preparation of a Matrix of Energy and Fertilizer Products and Identifying Export Opportunities to Finance the Imports (Commissioned by Ministry of External Affairs, Government of India), 2013-14.
  • A Pilot Survey on Trade in Higher Education Services (Commissioned by Ministry of Statistics and Programme Implementation, Government of India), 2012-13.
  • Identifying New Opportunities in “India-Iran Trade and Economic Relations” (Commissioned by Indian Embassy in Iran, Ministry of External Affairs, Government of India), 2012-13.
  • Strategy Paper for Allocation of Funds to Commercial Wings of Indian Missions Abroad under Market Expansion Activities (Commissioned by Ministry of External Affairs, Government of India), 2012-13.
  • Preparation of India’s Export Portal for SAARC, ASEAN, Korea, Japan and Top 25 Countries (Commissioned by Ministry of Commerce and Industry, Government of India), 2011-12
  • Preparation of India’s Import Portal for SAARC, ASEAN, Korea, Japan and Top 25 Countries (Commissioned by Ministry of Commerce and Industry, Government of India), 2011-12.
  • South Asia Regional Integration in Trade and Investment (Commissioned by International Finance Corporation, World Bank Group), 2011-12.
  • Study on India's Export Potential of AYUSH Products with SAARC and ASEAN Countries (Commissioned by Ministry of Health and Family Welfare, Department of AYUSH, Government of India), 2010-11.
  • Exchange Rate Movement and India's Exports of Textiles and Engineering Goods (Commissioned by Reserve Bank of India), 2009-10.

Training / Management Development Programmes

Has conducted various training programmes in India and abroad on different International Trade and Business-related courses for Government Officers at Angola and Mozambique, Indian Foreign Service (IFS), Indian Revenue Service (IRS), Indian Statistical Service (ISS), and Indian Trade Service (ITS) Officers, Armed Forces (all three services), senior officers of PSUs like GAIL and Power-Grid, Commercial Team of Coromandel Fertilizers Limited, etc.

Associations

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