Srinivasan Raghavendra
Areas of Interest & Expertise
- Macroeconomics – Financialisation, Growth, and Distribution
- Dynamics of Financial Markets
- Complex Adaptive Systems and Economic Dynamics
- Growth, Distribution and Structural Change
- Feminist Economics
Biography
Srinivasan is a macroeconomist, and his research is focussed on diverse themes in the areas of financialisation and macroeconomic stability, analysis of economic development from a macro-structural perspective, and feminist economics.
His research is underpinned by the principles that economic systems cannot be viewed independently of the wider socio-political context and that the description of the complexity of real economic problem should not be reduced to suit the application of a particular mathematical/statistical tool.
He has a wide range of teaching experience at various levels including undergraduate, postgraduate, PhD, and professional development specialists in international development organisations.
He obtained his PhD from Jawaharlal Nehru University (JNU), New Delhi. Previously, he worked at the National University of Ireland, Galway, and Madras School of Economics, Chennai. His research is diverse and interdisciplinary and has been published in journals including Review of Political Economy, Feminist Economics, Journal of International Development, Review of Keynesian Economics, Metroeconomica, Journal of Economics, Review of Development, PLoS ONE, International Journal of Bifurcation and Chaos, European Physical Journal B and IEEE.
He has been awarded professorships including the CNRS-CEPN Professor in Université of Sorbonne Nord, Paris; Visiting Professor at Université of Paris 1 Panthéon-Sorbonne, Research Professor at the La Sapienza University Roma; Visiting Professor at Johannes Kepler University, Austria; and Visiting Professor at Indian Institute of Science (IISc), India.
His academic research has contributed to critical discussions on public policy matters in national and international contexts. His current research includes themes such as the duality of structural change concerning the countries in the Global South, care and class struggle, violence against women and the cost of inaction, and financial accumulation regimes and economic growth in the Indian context.
Publications
Book
- Raghavendra, S., & Piiroinen, P.T. (2023). An Introduction to Economic dynamics: Modelling, Analysis and Simulation. Routledge. https://www.routledge.com/An‑I…
Journal Articles (selective)
- Raghavendra, S., & Dasgupta, Z. (2023). A macroeconomic developmental perspective on Indian economic growth. Development Macroeconomics Bulletin, 3(1), 47 – 61. https://macroeconomia-strapi.s…
- Bhaduri, A., & Raghavendra, S. (2022). Financial growth and crash under Shadow Banking. Review of Political Economy, 1 – 18. https://doi.org/10.1080/09538259.2022.2099667
- Vasudevan, R., & Raghavendra, S. (2022). Women’s self-employment as a developmental strategy: The dual constraints of care work and aggregate demand. Feminist Economics, 28(3), 56 – 83. https://doi.org/10.1080/13545701.2022.2044497
- Raghavendran, S., Kim, K., Ashe, S., Chadha, M., Asante, F., Piiroinen, P. T., & Duvvury, N. (2022). Violence against women and the macroeconomy: The case of Ghana. Journal of International Development, 34(2), 239 – 258. https://doi.org/10.1002/jid.3588
- Poix, S., Ibrahim, N., Scriver, S., Raghavendra, S., Duvvury, N., & Elmusharaf, K. (2022). Community cohesion and violence against women in Ghana, Pakistan, and South Sudan: A secondary data analysis. Women’s Health, 18, 17455057221123998. https://doi.org/10.1177/17455057221123998
- Piiroinen, P. T., & Raghavendra, S. (2019). A nonsmooth extension of Samuelson’s multiplier-accelerator model. International Journal of Bifurcation and Chaos, 29(10), 1930027. https://doi.org/10.1142/S0218127419300271
- Raghavendra, S. (2018). The principle of effective demand under modern finance: An exploration in the traditions of Kalecki and Keynes. Panoeconomicus, 65(3), 267 – 287. https://doi.org/10.2298/PAN1803267R
- Bhaduri, A., & Raghavendra, S. (2017). Wage-and profit-led regimes under modern finance: an exploration. Review of Keynesian Economics, 5(3), 426 – 438. https://doi.org/10.4337/roke.2017.03.05
- Raghavendra, S., Duvvury, N., & Ashe, S. (2017). The macroeconomic loss due to violence against women: The case of Vietnam. Feminist Economics, 23(4), 62 – 89. https://doi.org/10.1080/13545701.2017.1330546
- Chyzheuskaya, A., Cormican, M., Srivinas, R., O’Donovan, D., Prendergast, M., O’Donoghue, C., & Morris, D. (2017). Economic assessment of waterborne outbreak of cryptosporidiosis. Emerging Infectious Diseases, 23(10), 1650. 10.3201/eid2310.152037
- Guttal, V., Raghavendra, S., Goel, N., & Hoarau, Q. (2016). Lack of critical slowing down suggests that financial meltdowns are not critical transitions, yet rising variability could signal systemic risk. PloS one, 11(1), e0144198. 10.1371/journal.pone.0144198
- Bhaduri, A., Raghavendra, S., & Guttal, V. (2015). On the systemic fragility of finance‐led growth. Metroeconomica, 66(1), 158 – 186. https://doi.org/10.1111/meca.12070
- Raghavendra, S. (2013). Economics, politics and democracy in the age of credit-rating capitalism. Economic and Political Weekly, 34 – 38. https://www.epw.in/journal/2013/05/perspectives/economics-politics-and-democracy-age-credit-rating-capitalism.html
- Raghavendra, S. (2013). Economic paradigms and democracy in the era of financial globalisation. Yojana, 57(1), 18 – 13.
- Moloney, K., & Raghavendra, S. (2011). Testing for nonlinear dependence in the credit default swap market. Economics Research International. https://doi.org/10.1155/2011/708704
- Raghavendra, S. (2006). Limits to investment exhilarationism. Journal of Economics, 87, 257 – 280. https://doi.org/10.1007/s00712-005‑0171‑5
- Gonzalez-Perez, M. A., McDonough, T., & Raghavendra, S. (2006). Agribusiness, corporate social responsibility and transnational labour relations: a review. Indian Journal of Labour Economics, 49(4), 925 – 936.
- Raghavendra, S. (2004). Effective demand and income distribution: A review. Review of Development and Change, 9(2), 151 – 161. https://doi.org/10.1177/0972266120040202
- Sinha, S., & Raghavendra, S. (2004). Hollywood blockbusters and long-tailed distributions: An empirical study of the popularity of movies. The European Physical Journal B‑Condensed Matter and Complex Systems, 42, 293 – 296. https://doi.org/10.1140/epjb/e2004-00382 – 7
Chapters in Edited books (selective)
- Raghavendra, S., & Piiroinen, P. T. (2020). Conflict as closure: A Kaleckian model of growth and distribution under financialisation. In D. Basu & D. Das (Eds.), Conflict, Demand and Economic Development (pp. 70 – 87). Routledge. https://www.routledge.com/Conf…
- Raghavendra, S. (2016). Decomposition methods for analysing intra-regional and inter-regional income distribution. In P. Flaschel & M. Landesmann (Eds.), Mathematical Economics and the Dynamics of Capitalism: Goodwin’s Legacy Continued, 104, 207. https://www.routledge.com/Math…
- Moloney, K., & Raghavendra, S. (2012). A linear and nonlinear review of the arbitrage-free parity theory for the CDS and bond markets. In M. Cummins, F. Murphy & J.J.H. Miller (Eds.), Topics in Numerical Methods for Finance (pp. 177 – 200). Springer. https://link.springer.com/book…
- Paraschiv, D., Raghavendra, S., & Vasiliu, L. (2008). Algorithmic trading on an artificial stock market. In C. Badica, G. Mangioni, V. Carchiolo & D.D. Burdescu (Eds.), Intelligent Distributed Computing, Systems and Applications (pp. 281 – 286). Springer. https://link.springer.com/book…
- Sinha, S., & Raghavendra, S. (2006). Market polarisation in presence of individual choice volatility. In C. Bruun (Ed.), Advances in Artificial Economics: The Economy as a Complex Dynamic System (pp. 177 – 190). Springer. https://doi.org/10.1007/3 – 540-37249 – 0_13
- Sinha, S., & Raghavendra, S. (2006). Emergence of two-phase behaviour in markets through interaction and learning in agents with bounded rationality. In H. Takayasu (Ed.), Practical Fruits of Econophysics (pp. 200 – 204). Springer. https://doi.org/10.1007/4 – 431-28915 – 1_36
Conference Volumes (selective)
- Paraschiv, D., & Raghavendra, S., (2010). Algorithmic trading with human agents and computer agents in a virtual stock & futures market. Proceedings of the International Conference on Computational and Financial Econometrics.
- Paraschiv, D., Raghavendra, S., & Vasiliu, L., (2009). Stock Scanner Evaluator for Stocks or Options. IEEE Symposium on Computational Intelligence and Financial Engineering.
- Raghavendra, S., Bojars, U., Harth, A. & Kinsella, S. (2007). An Empirical Investigation of networks in the Blogosphere. Proceedings of the International Conferences on Weblogs and Social Media (ICWSM ’07).
- Raghavendra, S. & Sinha, S. (). Phase Transition and Pattern Formation in a model of Collective Choice Dynamics. Santa Fe Institute paper, No: 04−09−028. https://www.santafe.edu/research/results/working-papers/phase-transition-and-pattern-formation-in-a-model-
Research Reports (selective)
- Raghavendra, S. & Vasudevan, R. (2019). Microfinance and the care economy: Rethinking macroeconomics, care work and the economy project. Hewlett Foundation, American University, Washington DC.
- Raghavendra, S., Kim, K., Ashe, S., Chadha, M., Piiroinen, P.T., & Duvvury, N. (2019). Estimating macroeconomic loss due to violence against women and girls: A policy toolkit. Department for International Development (DFID), UK. https://www.whatworks.co.za/documents/publications/350-toolkit-final/file
- Raghavendra, S., Kim, K., Ashe, S., Chadha, M., Piiroinen, P.T., & Duvvury, N. (2019). The macroeconomic loss due to violence against women and girls: The case of Ghana. Department for International Development (DFID), UK. (Also published by the Levy Economics Insitute of Bard College, US). https://www.levyinstitute.org/pubs/wp_939.pdf
- Raghavendra, S., Kim, K., Ashe, S., Chadha, M., Piiroinen, P.T., & Duvvury, N. (2019). The macroeconomic loss due to violence against women and girls: The case of Pakistan. Department for International Development (DFID), UK. https://www.whatworks.co.za/re…
- Raghavendra, S., Duvvury, N., Scriver, S., Forde, C. Chadha, M., O’Brien, L., Sabir, M., & Ballantine, C. (2019). Guidance on methods for estimating economic and social costs of violence against women and girls in low and middle income contexts. Department for International Development (DFID), UK. https://www.whatworks.co.za/re…
Newspaper Articles (selective)
- Dasgupta, Z. & Raghavendra, S. (2024, April 22). On the fall in household savings. The Hindu. https://www.thehindu.com/business/Economy/on-the-fall-in-household-savings/article68092017.ece
- Raghavendra, S. (2023, October 2). எப்படி இருக்கிறது இந்தியப் பணியாளர்களின் நிலை? The Hindu Tamil. https://www.hindutamil.in/news/opinion/columns/1132185-status-of-indian-stuff.html
- Raghavendra, S. (2023, September 15). உரிமைத்தொகைத் திட்டமும் பெண்களுக்கு அதிகாரமளித்தலும். The Hindu Tamil. https://www.hindutamil.in/news/opinion/columns/1123768-entitlement-scheme-and-empowerment-of-women.html
- Raghavendra, S. (2021, April 04). Investing in the care economy. The Hindu Business Line. https://www.thehindubusinessline.com/opinion/investing-in-the-care-economy/article34238269.ece
Online Articles (selective)
- Raghavendra, S. (2019, November 26). Saving the economy from development. The Wire. https://thewire.in/economy/saving-the-economy-from-development
- Raghavendra, S. (2019, May 16). Has economics lost its ability to relate to real world? RTE Brainstorm. https://www.rte.ie/brainstorm/2019/0516/1049834-has-economics-lost-its-ability-to-relate-to-the-real-world/