Himanshu Sekhar Panda

@assistant professor

Faculty of Management at Symbiosis Institute of Business Management, Pune, India
Himanshu Sekhar Panda

Himanshu Sekhar Panda


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https://researchid.co/hspkgp1
Currently Serving as an Assistant Professor at Symbiosis Institute of Business Management, Pune, India at Symbiosis International University, India

EDUCATION

M.A. and M.Phil. in Analytical and Applied Economics from Utkal University, Odisha
PhD in Economics from Indian Institute of Technology Kharagpur, India

RESEARCH, TEACHING, or OTHER INTERESTS

Economics and Econometrics, Renewable Energy, Sustainability and the Environment, Development
7

Scopus Publications

21

Scholar Citations

2

Scholar h-index

1

Scholar i10-index

Scopus Publications

  • The divergent effects of geopolitical risk on market openness
    Zhou Lu, Giray Gozgor, Shreya Pal, Himanshu Sekhar Panda, Mantu Kumar Mahalik
    Finance Research Letters, 2026
    • We investigate the impact of GPR on market openness. • We consider 23 high-income and 19 middle-income economies from 1998 to 2023. • GPR enhances market openness in high-income economies but hinders it in middle-income economies. • Economic growth and governance consistently promote market openness. • FDI is more effective in middle-income countries. This paper investigates the impact of geopolitical risk on market openness across 23 high-income and 19 middle-income economies from 1998 to 2023. The findings reveal that geopolitical risk enhances market openness in high-income economies but hinders it in middle-income economies. Economic growth and governance consistently promote market openness, whereas foreign direct investment is more effective in middle-income countries. These findings highlight the importance of institutional reforms and tailored policies to attract foreign direct investment and stabilise markets, thereby mitigating the effects of geopolitical risk on market openness. In addition, the findings point toward policy implications for bolstering resilience and openness.
  • The Spillover Effect of US-China Tension on India's Medium-High-Tech Manufacturing Exports: Exploring the Role of Export Market Diversification
    Himanshu Sekhar Panda, Mantu Kumar Mahalik
    Journal of Public Affairs, 2026
    Rising US‐China tensions can significantly reshape the worldwide trade dynamics by disrupting established supply chains. Addressing this, this study explores the impact of US‐China tension on India's medium‐high‐tech manufacturing exports by obtaining time series data from India spanning 1997 to 2022. This study also examines the behavior of export market diversification on medium‐high‐tech manufacturing exports, in the presence of US‐China tension. To measure these relationships, the Dynamic Autoregressive Distributed Lag (DARDL) method is employed. The findings reveal that the US‐China tension exerts a positive impact on India's MHM exports, while export market diversification deteriorates it. Interestingly, this study discovers that export market diversification exerts a beneficial impact on India's medium‐high‐tech manufacturing exports in presence of the US‐China tension. Additionally, this study shows a beneficial role of domestic bank credit, economic growth, total export demand, government effectiveness, and currency depreciation on India's medium‐high‐tech manufacturing exports. These findings are consistent with the results from Fully Modified Ordinary Least Squares (FMOLS). The marginal plot and heatmap analysis provide robustness of the interaction effect. Results from the CUSUM and the CUSUM Square confirm the estimated model stability. These findings offer policy recommendations for Indian policymakers to maximize the MHM exports.
  • Mitigating energy uncertainty in emerging economies: the role of renewable energy generation and governance
    Himanshu Sekhar Panda, Mantu Kumar Mahalik
    International Journal of Ambient Energy, 2026
  • Do Financial Globalization and Government Spending Mitigate the Detrimental Impact of Renewable Energy Use on Export Performance in Emerging Economies?
    Himanshu Sekhar Panda, Mantu Kumar Mahalik, Kashif Nesar Rather
    Comparative Economic Studies, 2025
  • Do digital technology and political risk reduce CO2 emissions inequality in OECD economies? Panel evidence
    Fang Liu, Weibai Liu, Kashif Nesar Rather, Himanshu Sekhar Panda, Mantu Kumar Mahalik, Giray Gozgor
    Journal of Environmental Management, 2025
    This study examines the effect of digital technology and political risk on carbon dioxide (CO 2 ) emissions inequality within a panel sample of 32 OECD countries from 1997 to 2019. To examine the above nexus, the current study controls for primary energy consumption, economic growth, and urbanisation in baseline models. The long-run results from the Pooled Mean Group-Autoregressive Distributed Lag (PMG-ARDL) Method indicate that 1 % increase in digitalisation and political risk, respectively, reduces CO 2 emission inequality by 0.026 % and 0.26 %. Meanwhile, in the presence of political risk, a 1 % increase in digitalisation lessens the CO 2 emission inequality by 0.01 %. Furthermore, results also show that 1 % increase in primary energy consumption and economic growth, respectively, raises the CO 2 emission inequality by 0.51 % and 0.11 %. Conversely, a 0.6 % decrease in emission inequality is noticed for 1 % increase in urbanisation. These findings are robust across alternative digitalisation (i.e., information globalisation) and political risk (i.e., institutional quality) variables as well as the Panel Corrected Standard Errors (PCSE) method. In robustness analysis, renewable and non-renewable energy consumption are treated as separate control variables, revealing that renewable energy consumption reduces CO 2 emission inequality, whereas non-renewable energy consumption exacerbates it. These findings offer policy implications for OECD economies on curbing CO 2 emission inequality. • The determinants of CO 2 emission inequality are examined. • We use the panel datasets of OECD economies from 1997 to 2019. • The PMG-ARDL and the PCSE estimation methods are employed. • Digitalisation, environmental policy stringency, political risk, and urbanisation reduce CO 2 emission inequality. • Economic growth and energy consumption increase CO 2 emission inequality.
  • Catastrophic health expenditure of inpatients in emerging economies: evidence from the Indian subcontinent
    Himanshu Sekhar Panda, Himanshu Sekhar Rout, Mihajlo Jakovljevic
    Health Research Policy and Systems, 2024
    BACKGROUND: Catastrophic health expenditures condensed the vital concern of households struggling with notable financial burdens emanating from elevated out-of-pocket healthcare expenditures. In this regard, this study investigated the nature and magnitude of inpatient healthcare expenditure in India. It also explored the incidence and determinants of inpatient catastrophic health expenditure. METHODOLOGY: The study used the micro-level data collected in the 75th Round of the National Sample Survey on 93 925 households in India. Descriptive statistics were used to examine the nature, magnitude and incidence of inpatient healthcare expenditure. The heteroscedastic probit model was applied to explore the determinants of inpatient catastrophic healthcare expenditure. RESULTS: The major part of inpatient healthcare expenditure was composed of bed charges and expenditure on medicines. Moreover, results suggested that Indian households spent 11% of their monthly consumption expenditure on inpatient healthcare and 28% of households were grappling with the complexity of financial burden due to elevated inpatient healthcare. Further, the study explored that bigger households and households having no latrine facilities and no proper waste disposal plans were more vulnerable to facing financial burdens in inpatient healthcare activity. Finally, the result of this study also ensure that households having toilets and safe drinking water facilities reduce the chance of facing catastrophic inpatient health expenditures. CONCLUSIONS: A significant portion of monthly consumption expenditure was spent on inpatient healthcare of households in India. It was also conveyed that inpatient healthcare expenditure was a severe burden for almost one fourth of households in India. Finally, it also clarified the influence of socio-economic conditions and sanitation status of households as having a strong bearing on their inpatient healthcare.
  • Impact of Non-performing Assets and Total ecological footprint on Housing Prices: Panel Evidence from Emerging Economies
    Pacific Rim Property Research Journal, 2024

RECENT SCHOLAR PUBLICATIONS

  • CREDIT TO THE POWER SECTOR AND ITS IMPLICATIONS ON SUSTAINABLE DEVELOPMENT IN INDIA: EXPLORING THE ROLE OF DIGITALISATION
    HS Panda, S Pal, MK Mahalik
    Institutional Finance, Digital Banking and Sustainable Development, 146-166 , 2026
    2026
  • Mitigating energy uncertainty in emerging economies: the role of renewable energy generation and governance
    HS Panda, MK Mahalik
    International Journal of Ambient Energy 47 (1) , 2026
    2026
  • The Divergent Effects of Geopolitical Risk on Market Openness
    Z Lu, G Gozgor, S Pal, HS Panda, MK Mahalik
    Finance Research Letters, 109501 , 2026
    2026
    Citations: 1
  • The Spillover Effect of US-China Tension on India's Medium-High-Tech Manufacturing Exports: Exploring the Role of Export Market Diversification
    HS Panda, MK Mahalik
    Journal of Public Affairs 26 (1), e70096 , 2025
    2025
  • Do Financial Globalization and Government Spending Mitigate the Detrimental Impact of Renewable Energy Use on Export Performance in Emerging Economies?
    HS Panda, MK Mahalik, KN Rather
    Comparative Economic Studies 67 (4), 827-866 , 2025
    2025
  • Do digital technology and political risk reduce CO2 emissions inequality in OECD economies? Panel evidence
    F Liu, W Liu, KN Rather, HS Panda, MK Mahalik, G Gozgor
    Journal of Environmental Management 392, 126742 , 2025
    2025
    Citations: 5
  • Catastrophic health expenditure of inpatients in emerging economies: evidence from the Indian subcontinent
    HS Panda, HS Rout, M Jakovljevic
    Health research policy and systems 22 (1), 104 , 2024
    2024
    Citations: 15
  • Impact of Non-performing Assets and Total ecological footprint on Housing Prices: Panel Evidence from Emerging Economies.
    HS Panda, MK Mahalik, KN Rather
    Pacific Rim Property Research Journal 29 (1) , 2024
    2024

MOST CITED SCHOLAR PUBLICATIONS

  • Catastrophic health expenditure of inpatients in emerging economies: evidence from the Indian subcontinent
    HS Panda, HS Rout, M Jakovljevic
    Health research policy and systems 22 (1), 104 , 2024
    2024
    Citations: 15
  • Do digital technology and political risk reduce CO2 emissions inequality in OECD economies? Panel evidence
    F Liu, W Liu, KN Rather, HS Panda, MK Mahalik, G Gozgor
    Journal of Environmental Management 392, 126742 , 2025
    2025
    Citations: 5
  • The Divergent Effects of Geopolitical Risk on Market Openness
    Z Lu, G Gozgor, S Pal, HS Panda, MK Mahalik
    Finance Research Letters, 109501 , 2026
    2026
    Citations: 1
  • CREDIT TO THE POWER SECTOR AND ITS IMPLICATIONS ON SUSTAINABLE DEVELOPMENT IN INDIA: EXPLORING THE ROLE OF DIGITALISATION
    HS Panda, S Pal, MK Mahalik
    Institutional Finance, Digital Banking and Sustainable Development, 146-166 , 2026
    2026
  • Mitigating energy uncertainty in emerging economies: the role of renewable energy generation and governance
    HS Panda, MK Mahalik
    International Journal of Ambient Energy 47 (1) , 2026
    2026
  • The Spillover Effect of US-China Tension on India's Medium-High-Tech Manufacturing Exports: Exploring the Role of Export Market Diversification
    HS Panda, MK Mahalik
    Journal of Public Affairs 26 (1), e70096 , 2025
    2025
  • Do Financial Globalization and Government Spending Mitigate the Detrimental Impact of Renewable Energy Use on Export Performance in Emerging Economies?
    HS Panda, MK Mahalik, KN Rather
    Comparative Economic Studies 67 (4), 827-866 , 2025
    2025
  • Impact of Non-performing Assets and Total ecological footprint on Housing Prices: Panel Evidence from Emerging Economies.
    HS Panda, MK Mahalik, KN Rather
    Pacific Rim Property Research Journal 29 (1) , 2024
    2024