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Prof. Partha Sen

Prof. Partha Sen

Prof. Partha Sen   
Former Professor, Delhi School of Economics, New Delhi.
Ph.D. from London School of Economics, University of London.
Personal Webpage


  • Centre for Development Economics, Delhi School of Economics, Delhi.
  • Fellow, CESifo Research Network, Munich.
  • Non-Resident Honorary Distinguished Fellow, Indira Gandhi Institute of Development Research, Mumbai.

DATE OF BIRTH: 4 November 1951


  • BA (Honours) Economics, Hindu College, University of Delhi (July 1969-June 1972).
  • MA Economics, Delhi Scool of Economics, University of Delhi (July 1972-June, 1974).
  • MSocSci Economics, University of Birmingham (October 1977-December 1978).
  • D, London School of Economics, University of London (January 1979-August 1984).


  • ECGC Chair Professor, Indian Institute of Foreign Trade (November 2018-December 2019)
  • Professor of Economics, South Asian University (October 2011-January 2013).
  • Professor of Economics, Delhi School of Economics (July 1996 September 2011).
  • Professor of Economics, Indian Statistical Institute (July 2001-October 2002) (on lien from The Delhi School of Economics).
  • Reader in Economics, Delhi School of Economics ( July 1990-June 1996).
  • Lecturer in Economics, London School of Economics (October 1989 September 1990
  • and October 1983 September 1984).
  • Assistant Professor, University of Illinois (August 1986 September 1989).
  • Lecturer in Economics, University of Bristol (September 1982 August 1983).
  • Lecturer, Shri Ram College, University of Delhi(August 1975 July 1977).


  • Director, Delhi School of Economics (September 2008-August 2011).
  • Head, Department of Economics, Delhi School of Economics (July 2003-June 2005).


  • Visiting Professor, Institute of Social and Economic Research, Osaka University (April-May 2019)
  • Visiting Professor, Institute for Economic Research. Hitotsubashi University (November 2015-February 2016).
  • Visiting Professor, Hong Kong University of Science of Technology (2014-2015).
  • Visiting Professor, Nanyang Technological University (Fall 2009).
  • Visiting Professor, National University of Singapore (2005-06).
  • Visiting Professor, University of Paris-2 (Summer 2006, Summer 2007).
  • Visiting Professor, Research Institute for Economics and Business, University of Kobe (March 2004).
  • Visiting Professor, University of New South Wales (May 2003).
  • Visiting Professor, City University Hong Kong (Spring 2002).
  • Visiting Scholar, Hong Kong University of Science of Technology (Spring 2001).
  • Visiting Professor, University of St Andrews (October 1996).
  • Visiting Professor, University of Illinois (Spring 1995).
  • Visiting Professor, University of Washington (Summer 1991, Summer 1992).
  • Visiting Assistant Professor, University of Illinois (1985 86).
  • Visiting Assistant Professor, University of Michigan (1984 85).


  • P.Thirlwall Fellow, University of Kent (2013).


  • Editor, Indian Economic Review (1997-2007).
  • Co Editor, Indian Economic Review (1994 1997).
  • Member, Editorial Board, Arthaniti (2002-)
  • Member, Editorial Board, India Macroeconomics Annual (2004-2012)
  • Member, Editorial Board, Arthavignana (2004-)
  • Member, Editorial Board,, Singapore Economic Review (2005-)
  • Member, Editorial Board, Trade and Policy Review (2006-)
  • Member, Editorial Board, Research in Financial Economics (2006-)


  • Member, Advisory Board, Euro-Asia Forum in Politics, Economics and Business (2018-).
  • Member, Scuola Fibonacci Scientific Board, University of Pisa (2012-).
  • Member, External Advisory Board of University College Dublin’s Human Development Initiative (HDI) (2008-).


  • Member, Trade and Industry Advisory Committee, Ministry of Finance and the ADB to ananlyse the reform process in India.
  • Member, Ministry ofEnvironment, Committee on Trade and Environment.
  • Member, Ministry of Finance Cmmittee to Review the Non-Bank Financial Companies.


  • Consultant, World Bank 2012.
  • Consultant WIDER, United Nations University 1994.
  • Consultant WHO, 1998.
  • Consultant, IDRC (Canada) 1998-2000.


  • 1st Gopal Bordoloi Memorial Lecture, North- East Economic Association, Dibrugarh, March 2019.
  • Invited Speaker, 24th EBES Conference, Bangkok, Jan 2018.
  • Invited Speaker at Singapore Economic Review Conference, Aug 2017.
  • Invited Public Lecture “Capital Flows to Emerging Markets”, St. Petersburg State University, Sept 2016.
  • Keynote Speaker Trade and Development Workshop, Deakin University, Melbourne, Aug 2016.
  • Plenary Speaker, Conference on Sustainable Development: Society and Economy, St.
  • Petersburg, April 2016.
  • Invited Speaker at Singapore Economic Review Conference, Aug 2015.
  • Invited Speaker at Singapore Economic Review Conference, Aug 2013.
  • Invited Speaker, XXV Villa Mondragone Conference, Rome June 2013.
  • Invited Speaker, Valdai Discussion Club, St. Petersburg, Oct 2012.
  • Keynote Speaker, Asia-Pacific Economic Forum, Tehran Oct 2011.
  • Invited Speaker at Singapore Economic Review Conference, Aug 2011.
  • Invited Speaker Australian Development Economics Conference, Perth June 2011.
  • Invited Speaker at Financial Modelling ,Queen Mary University London, April 2011.
  • Keynote Speaker at Environment and Sustainability Conference, Exeter April 2011.
  • Invited Speaker, Ist International Conference, Indian Institute of Foreign Trade, Dec 2008.
  • Invited Speaker, Asia-Pacific Economies Conference, Monash University, Kuala Lumpur, Dec 2007.
  • 3rd Atul Goswami Memorial Lecture, Omiyo Kumar Das Institute, Guwahati, May 2007.
  • Keynote Speaker at World Employment Conference, Montreux, Switzerland, May 2004.
  • Invited Speaker at Conference to launch the journal International Journal of Economic
  • Theory, Tokyo March 2004.
  • Keynote Speaker at DEGIT Conference Tilburg August 1999.


  • “Postponing Retirement and Social Security in Two Sector Model” Singapore Economic Review (forthcoming)
  • “Unilateral Policies, Competitiveness and the “Green Paradox” in a Dynamic North-South Trade Model”, Arthaniti: Journal of Economic Theory and Practice (17), 2018
  • “Convergence and Overtaking in a Dynamic Two Country Model”, Open Economies Review (28), 2017 [co-author Koji Shimomura].
  • “Unilateral Emission Cuts and Carbon Leakages in a North-South Trade Model”, Environment and Resource Economics (64), 2016.
  • “Uncertain Lifetimes and Convergence in a Two-country Heckscher-Ohlin Model” Mathematical Social Sciences (78), 2015.
  • “Impact of Climate Change on the Indian Economy: Evidence from Foodgrain Yields” Climate Change Economics (5), 2015 [co-authors Shreekant Gupta and Suchita Srinivasan].
  • “The Impossible Trinity and Krugman’s Balance of Payments Crisis Model” International Economics (38), 2014.
  • “Capital Flows and Exchange Rates: The Indian Experience” Indian Economic Review (48), 2013 [co-author Pami Dua].
  • “Deregulation Shock in a Product Market and Unemployment” Journal of Economic Dynamics and Control (37), 2013 [co-authors Luisito Bertinelli and Olivier Cardi].
  • “Capital Accumulation and Convergence in a Small Open Economy” Review of International Economics (24), 2013.
  • “Privatization in a Small Open Economy with Imperfect Competition” Journal of Public Economic Theory (14) 2012. [co-author Arghya Ghosh].
  • “Debt Policy in a Competitive Two-Sector Overlapping Generations Model”, Arthaniti (10) 2011.
  • “Fixed Costs, the Balanced-Budget Multiplier and Welfare,” Japanese Economic Review (60), 2009.
  • “Transfers, the Terms of Trade and Capital Accumulation”. Canadian Journal of Economics, 2009 [co-author Emily Cremers].
  • “The Transfer Paradox in a One-Sector Overlapping Generations Model,” Journal of Economic Dynamics and Control (32), 2008 [co-author Emily Cremers].
  • “Developing Economies and the Environment: The Role of Trade and Capital Flows,” Trade and Development Review (1), 2008.
  • “Capital Inflows, Financial Repression and Macroeconomic Policy in India since the Reforms” Oxford Review of Economic Policy, 2007.
  • “Population Growth and Steady State Welfare in an Overlapping Generations Model” Economic Letters, 2006.
  • “Tariffs in a Ricardian Model with a Monopolistically Competitive Sector: The Role of Non-tradeables,” Review of International Economics, 2005.
  • “Welfare Improving Debt-Policy Under Monopolistic Competition” Journal of Economic Dynamics and Control, 2003.
  • “Protection with Foreign-Owned Capital in a Monopolistically Competitive Model” Arthaniti (1), 2002.
  • “Tariffs in a Dynamic Macro Model” Review of Development Economics (5), 2001.
  • “Terms of Trade Deterioration and Welfare in Developing  Economy with a Non competitive Sector” Review of Development Economics (2), 1998.
  • “Immiserising Growth in a Model of Trade with Monopolistic Competition”, Review of International Economics (5), 1997.
  • “The Possibility of Welfare Gains with Capital Inflows in a Small Tariff ridden Economy”, Economica, 1997 [co-authors Arghya Ghosh and Abheek Barman].
  • “Investment in a Two Sector Dependent Economy”, Journal of the Japanese and International Economies, 1995 [co-author Stephen Turnovsky].
  • “Capital Subsidy and the Saving Investment Correlation in a Model with Perfect Capital Mobility”, Economics Letters (44), 1995.
  • “The Possibility of Welfare Gains with Capital Inflows in a Small Tariff ridden Economy”, Economica, 1997 [co-authors Arghya Ghosh and Abheek Barman].
  • “Investment in a Two Sector Dependent Economy”, Journal of the Japanese and International Economies, 1995 [co-author Stephen Turnovsky].
  • “Imported Input Price and the Current Account in an Optimizing Model without Capital Mobility”, Journal of Economic Dynamics and Control (15),1991.
  • “Fiscal Policy, the Current Account and Debt in an Open Economy”, Oxford Economic Papers (43), 1991 [co-author Stephen Turnovsky].
  • “Investment Tax Credit in an Open Economy”, Journal of Public Economics (40), 1990 [co-author Stephen Turnovsky].
  • “Terms of Trade Shock and the Current Account in a Monetary Economy”, Economica (57),1990.
  • “Deterioration of the Terms of Trade and Capital Accumulation: A Reexamination of the Laursen Metzler Effect”, Journal of International Economics (26), 1989. [co-author Stephen Turnovsky].
  • “Tariffs, Capital Accumulation and the Current Account in a Small Open Economy”, International Economic Review (30), 1989 [co-author Stephen Turnovsky].
  • “A Semi reduced Form Equation for the Sterling’s Effective Exchange Rate”, Economics Letters (18), 1985.


  • “Macroeconomics and the Environment” ïn The Oxford Encyclopedia of the Environmental Sciences (Oxford University Press, New York), 2020.
  • “Monetary Policy, Capital Flows and the Exchange Rate” in Ghate (ed) The Handbook of the Indian Economy (Oxford University Press, New York), 2012.
  • “North-South Trade, Capital Flows and the Environment” in Encyclopedia of the Life Support Systems (UNESCO and EOLSS), 2004.
  • “Saving, Investment and the Current Account”, in F. van der Ploeg (ed), The Handbook of Open Economy Macroeconomics, (Basil Blackwell), 1994.


  • “Convergence in a Three Factor Dynamic Model: Finite Versus Infinite Lives” in Sugata Marjit and Rajat Acharyya (eds) Trade, Globalization and Development: Essays in Honour of Kalyan Sanyal (Springer-Verlag) 2013.
  • “Monetary Policy, Capital Flows, and the Exchange Rate” in Chetan Ghate (ed) Oxford Hanbook of the Indian Economy (Oxford) 2012.
  • “Singapore’s Exchange Rate Policy: An Evaluation” in Peter Wilson (ed) The Singapore Economy (World Scientific) 2011.
  • “Tobin’s “Keynesian Models of Recessions and Depression” Revisited” in Laixun Zhao and Takashi Kamihigashi (eds) International Trade and Economic Dynamics: Essays in Memory of Koji Shimomura (Springer-Verlag) 2009.
  • “Population Growth and Welfare: A Re-examination” in Dipak Basu (ed) Advances in Development Economics (World Scientific) 2009.
  • “Capital Flow Volatility and Exchange Rates: The Case of India”, Macroeconomic Management and Government Finances, Asian Development Bank (Oxford University Press) 2009 [co-author Pami Dua].
  • “Environmental Consequences of Trade Liberalization in a Small Open Economy with Monopolistic Competition”, in S.Mitra and A.Sinha (eds.), Economic Development, Climate Change, and the Environment, 2006, (Routledge) [co-author Arghya Ghosh].
  • “Greener Taxes, Freer Trade? Environmental Policy and Tariff Reduction in a Second-best World” (with Sjak Smulders) in L.Marsilini, M.Rauscher and C.Withagen (eds) Environmental Economics and the International Economy (Kluwer) 2002.
  • “The Exchange Rate Since Liberalization and Issues in Capital Account Convertibility” in Raghabendra Jha (ed) Ten Years of Indian Reforms (ANU Press) 2002.
  • “Asset Bubbles in a Monopolistically Competitive Macro Model” in H. Klok, T. Van Schaik,and S. Smulders (eds), Economologues, Liber Amicorum voor Theo van de Klundert, (Katholieke Universiteit Brabant) 2001.
  • “Financial Sector Reform in India” in M.Tsurumi (ed) The Financial Big Bang in Asia, (Ashgate) 2001.
  • “Lessons from Trade Theory for Environmental Economics” in D. Tussie (ed) The Environment and International Trade Negotiations: Developing Country Stakes, (Macmillan) 1999.
  • “Environment Policies and North South Trade: A Selected Review of the Issues”, in V. Bhaskar and A Glyn (eds), The North, the South and the Environment, (Earthscan),1995.


  • “The General Theory–A Second Edition” G.C.Harcourt and P.A.Riach (eds)(Routledge 1997)in the Economic Journal 109, F789-F791 (1999).
  • Comment on “Some New Perspectives on India’s Approach to Capital Account Liberalization” by E. Prasad in India Policy Forum 2009.
  • Comment on “Inflation Targetting in India” by S. Chand and K. Singh in India Policy Forum 2006.
  • India’s Current Account Woes: An Attempt to Clarify. Economic and Political Weekly October 5, 2013.
  • The Case against Rushing into Full Capital Account Convertibility. Economic and Political Weekly May 13, 2006.
  • Flawed Analytics Economic and Political Weekly January 14, 2006.
  • Modelling of Capital Flows and Foreign Exchange Reserves in India—Some Further Comments, Economic and Political Weekly July 9, 2005.
  • India’s Foreign Exchange Reserves: An Embarrassment of Riches —  HD Parekh Finance Forum, Economic and Political Weekly May 14, 2005.
  • Modelling Foreign Capital Inflows and Fiscal Deficits —Some Observations,  Economic and Political Weekly October 2, 2004.
  • The Real Exchange Rate, Fiscal Deficits and Capital Account Liberalisation — Some Sceptical Observations, Economic and Political Weekly February 7, 2004.