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faculty profile

Vidya Mahambare

Vidya Mahambare
Associate Professor
Great Lakes Institute of Management
Area: Economics


Dr Vidya Mahambare is currently Associate Professor of Economics at the Great Lakes Institute of Management. Prior to joining the institute, she was a Director and Principal Economist at CRISIL, a global analytical company proving ratings, research and policy advisory. Earlier, Vidya was with Cardiff Business School, UK, from 2001 to 2005 where she had moved after completing her doctorate from Lancaster Management School, UK. At Cardiff, she taught courses related to international economics, microeconomics, modern business enterprise, and econometrics. During the same period, she was a research associate at Liverpool Research Group in Macroeconomics, UK.

Vidya has, to her credit, a string of domestic and international academic research publications, in addition to a regular stream of articles released in media. Her research articles have been published in journals such as Oxford Economic Papers, Transnational Corporations, Journal of Quantitative Economics, Indian Economic Review and Economic Intelligence. In 2005 she published her co-authored book ‘Should Britain leave the EU? – An economic analysis of troubled relationship’.

Vidya is a regular columnist for leading newspapers in India and has written over 65 op-ed articles in leading newspapers including Wall Street Journal Asia, Times of India, Mint, Business Standard, Indian Express, Hindu Business Line, and Financial Express.  She wrote a monthly column ‘Okonomos’ in 2008-09 in Business Standard which aimed to bring academic research to newspaper readers.

Selected Publications
Book – ‘Should Britain Leave the EU? An Economic Analysis of a Troubled Relationship’ (with P. Minford and E. Nowell), Institute of Economic Affairs and Edward Elgar, London, 2005 (2nd edition in the process)


  • Preference asymmetry and international reserve accretion in India” (with N. Srinivasan and M. Ramachandran), Applied Economics Letters, 2009, 16(15), 1543 – 1546
  • Dynamics of inflation in India: Does the new inflation bias hypothesis provide an explanation? (with N. Srinivasan and M. Ramachandran), Macroeconomics and Finance in Emerging Market Economies, 2008, 1(2), 199-212
  • How does ownership structure affect capital structure and firm value? Recent evidence from East Asia, (with N. Driffield and S. Pal) Economics of Transition, 2007, 15(3), 535-573
  • UK monetary policy under inflation forecast targeting: is behaviour consistent with symmetric preferences? (with N. Srinivasan and M. Ramachandran), Oxford Economic Papers,  2006, 58 (4), 706-21
  • Modelling Inflation in India: A Critique of the Structuralist Approach (with N. Srinivasan and M. Ramachandran), Journal of Quantitative Economics, 2006, New Series 4 (2), 45-58
  • South Africa’s Labour Market- Towards 2015’ (with Patrick Minford), Economic Intelligence Quarterly (ed. George Djolov), South African Chambers of Commerce (CHAMSA), South Africa, November 2005,
  • Foreign direct investment in India (with Balasubramanyam VN), in Foreign Direct Investment: Six Country Case Studies, (eds) Balasubramanyam VN and Wei Y, 2004, Edward Elgar, Cheltenham, pp 26
  • Monetary Policy Framework of the Bank of England and the European Central Bank: Some Useful Insights” (with N Srinivasan). Indian Economic Review, 2004, 39 (2), 371-381
  • Liberalisation and Savings in Developing Countries: The Case of India, (with V. N. Balasubramanyam) Lancaster University Management School Working Paper 539675, 2000
  • India’s Economic Reforms and the Manufacturing Sector, (with V. N. Balasubramanyam) Lancaster University Management School Working Paper, 2001/010,
  • Foreign Direct Investment in India, (with V. N. Balasubramanyam) Lancaster University Management School Working Paper, 2003/001
  • Dynamic Adjustment of Corporate Leverage: Is there a lesion to learn from the Recent Asian Crisis? (with Nigel Driffield and Sarmistha Pal) Finance 0505011, EconWPA,
  • How does Ownership Structure affect Capital Structure and Firm Performance? Recent Evidence from East Asia (with Nigel Driffield and Sarmistha Pal), 06-23, Economics and Finance Section, School of Social Sciences, Brunel University, 2006
  • The Asia-Pacific Economies: How far from the pre-crisis potential? (with Parul Bhardwaj) CRISIL Centre for Economic Research Discussion Paper, 2010/01

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