Jagadish Prasad Sahu

@iimkashipur.ac.in

Assistant Professor
Indian Institute of Management Kashipur

Jagadish Prasad Sahu


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https://researchid.co/sahujagadish

RESEARCH INTERESTS

Macroeconomics, and International Economics
17

Scopus Publications

254

Scholar Citations

10

Scholar h-index

10

Scholar i10-index

Scopus Publications

  • The Economics of Digital Payments: A Systematic Literature Review and Future Research Agenda
    Shivani Jain, Abhyudaya Anand Mishra, Jagadish Prasad Sahu
    Journal of Economic Surveys, 2026
    This study conducted a systematic literature review on the economic aspects of digital payments. Adhering to the PRISMA guidelines, a total of 50 articles published in leading A*, A, and B category journals between 2007 and 2024 were systematically reviewed. This analysis uncovers key theoretical frameworks, methodological approaches, and temporal and geographical publication trends within the digital payment literature. Building on a general‐equilibrium perspective, the analysis is structured around four key stakeholder groups, that is, households, firms, financial institutions, and governments/regulators. A comprehensive conceptual framework is developed by integrating the enhancement outcomes associated with each stakeholder, the mechanisms that generate these outcomes, and the heterogeneity in these effects across contexts. The review also identifies major gaps in current knowledge and outlines promising directions for future research. By offering a multidimensional and stakeholder‐oriented understanding of the economic forces underpinning digital payment systems, this study aims to advance academic inquiry and support the continued development of this research domain.
  • Banking the unbanked: exploring the impact of internet penetration on accessibility to banking services in developed and developing economies
    Shivani Jain, Jagadish Prasad Sahu
    Digital Policy Regulation and Governance, 2025
    Purpose The surge in internet usage has generated widespread speculation and optimism regarding its potential impact on the accessibility to financial services. The aim of this study is to investigate the effect of internet penetration on the accessibility of banking services in developed and developing countries. Design/methodology/approach Panel data regression methods are used to estimate the impact of internet penetration on accessibility to banking services in a sample of 74 countries from Global Findex survey waves of 2011, 2014, 2017 and 2021. To mitigate potential issues related to heteroscedasticity, autocorrelation and cross-sectional dependence, the study has implemented cluster robust standard errors testing. Furthermore, as a sensitivity check, the sample has been segregated into developed and developing country groups. Findings The study finds a significant positive correlation between internet penetration and banking access in full sample. Subsample analysis reveals that this relationship is statistically significant in developed countries, but not in developing ones, despite being positive. The research discusses the implications of these findings for both country groups. Originality/value Research to date has largely investigated the link between information and communication technology (ICT) and financial inclusion, often treating internet penetration as one component of ICT, which obscures its individual influence. This study, however, isolates internet penetration to specifically analyze its distinct effects on banking accessibility across developed and developing countries.
  • A Political Economy Analysis of Recent Growth Slowdown in West Bengal
    Economic and Political Weekly, 2024
  • Impact of gender diversity on firm performance: empirical evidence from India
    Najul Laskar, Jagadish Prasad Sahu, Khalada Sultana Choudhury
    Managerial Finance, 2024
    PurposeThe main purpose of the study is to investigate the impact of gender diversity both at the board and workforce level on firm performance (FP) in the Indian context.Design/methodology/approachThis study is based on annual data of 200 companies listed on Bombay Stock Exchange (BSE) for the period 2012–2019. The authors have used the fixed-effects (FE) regression and system generalized method of moments to estimate the impact of board gender diversity and workforce gender diversity (WGD) on FP. The authors have used Blau's Index (BI) and Shannon's Index (SI) to measure gender diversity. Further, the authors have used return on assets and Tobin's Q (TBQ) to measure FP.FindingsThe authors' panel regression results suggest that board gender diversity and WGD have a positive and statistically significant impact on FP. The authors' findings are robust across different methods of estimation and alternative measures of FP.Originality/valueThis paper examines the impact of gender diversity both at the board and workforce level on FP of 200 companies listed on BSE. The authors' study contributes to the literature that is sparse in the Indian context and provides new insights on the impact of board and WGD on FP. The findings have useful policy implications. To achieve better performance, it is imperative to appreciate gender diversity at the governance and workforce level in a fast-growing economy like India.
  • The heterogeneous effects of infrastructure on farm and non-farm sector output: evidence from Indian states
    Soumya Chicker, Jagadish Prasad Sahu
    International Journal of Social Economics, 2024
    PurposeThe study aims to examine the heterogeneous effects of physical infrastructure on farm and non-farm sector output in 16 prominent states of India for the period 2005–2019.Design/methodology/approachWe construct a composite physical infrastructure index comprising four indicators namely road density, rail density, tele-density and per capita power availability using the principal component analysis (PCA) method. We estimate the impact of physical infrastructure on aggregate as well as farm and non-farm sector output using the fixed effects regression with Driscoll–Kraay (FE-DK) standard errors to account for cross-sectional dependence in our sample. Furthermore, to mitigate the potential endogeneity concern, we utilise the panel instrumental variable (IV) regression method to estimate the model.FindingsOur results imply that physical infrastructure plays a significant role in driving economic growth. We find that infrastructure development affects the non-farm sector output positively while the farm sector output remains unaffected.Research limitations/implicationsDue to data limitations, our study is based on 16 prominent states only. It is plausible that the selected infrastructure indicators are not highly relevant for the farm sector. Further research can be done to identify appropriate infrastructure that helps stimulate agriculture sector output.Originality/valueWe examine the varying effects of physical infrastructure on farm and non-farm sector output in the Indian context. To the best of our knowledge, this is the first study that examines the effect of infrastructure development on sectoral output at the sub-national level.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-06-2024-0468
  • Good Luck or Good Policy? Economic Growth and Human Development in Odisha Under the Naveen Patnaik Rule
    Sitakanta Panda, Jagadish Prasad Sahu
    International Journal of Public Administration, 2024
    Odisha has experienced three distinct growth regimes during 1991-2019, namely, 1991-2002, 2003-10 and 2011-19. Odisha outshone the national economy and the 15 other major states in terms of growth rates in Gross State Domestic Product per capita (GSDPPC) and Human Development Index (HDI) during 2003-10. However, during 2011–2019, Odisha witnessed a significant growth slowdown vis-à-vis the national economy but such downslide in GSDPPC and HDI is not significantly different from the major states. The first Naveen Patnaik decade saw an upsurge which was possibly due to good luck rather than good policy, and the second one marked a downslide.
  • The Impact of ICT on Financial Inclusion: Evidence from Global Sample
    International Conference on Information Systems Icis 2023 Rising Like A Phoenix Emerging from the Pandemic and Reshaping Human Endeavors with Digital Technologies, 2023
  • The long-run effect of public debt on economic growth: Evidence from India
    Anirudha Barik, Jagadish Prasad Sahu
    Journal of Public Affairs, 2022
    This paper examines the long run relationship between public debt and economic growth in India for the period 1980–2018 using the autoregressive distributed lag (ARDL) approach. The bounds test results suggest that gross domestic product (GDP) per capita, internal and external public debt, fixed investment and trade openness are cointegrated implying the existence of a long run equilibrium relationship between these variables. We find that both internal and external public debt have significant negative effect on economic growth in the long run whereas, investment has significant positive effect on the growth rate of output per capita. The error‐correction model shows that the long run equilibrium relationship is stable and the adjustment towards equilibrium is relatively high. Our findings suggest that too much reliance on public debt must be discouraged since it has adverse effect on economic growth in the long run. The government should adopt investment‐supportive policies to enhance economic growth of the country.
  • Does inflow of foreign direct investment stimulate economic growth? Evidence from developing countries
    Jagadish Prasad Sahu
    Transnational Corporations Review, 2021
    This paper examines the effect of foreign direct investment (FDI) inflows on host country’s economic growth for a group of 45 developing countries for the period 1990–2014. Using the pooled mean group (PMG) regression method, we estimate the long-run and the short-run impact of FDI inflows on growth rate of GDP per capita. The PMG regression results suggest that the growth rate of GDP per capita and its covariates are cointegrated, implying the presence of a long-run equilibrium relationship among the variables. Our results suggest that FDI inflows have significant positive impact on economic growth of the recipient countries both in the long-run and in the short-run. We find that the long-run effect of FDI inflows on economic growth is higher in the emerging market economies as compared to the non-emerging market economies. FDI inflows have significant positive effect on the long-run economic growth in Asia and Africa region.
  • Do Large Foreign Direct Investment Inflows Behave Differently From Smaller Inflows? Evidence from Developing Countries
    Jagadish Prasad Sahu
    Margin, 2020
    This article examines whether large inflows of foreign direct investment (FDI) behave differently from smaller inflows in a sample of 56 developing countries for the period 1990–2017. We use the quantile regression method to investigate whether the responsiveness of FDI inflows to various push and pull factors differs across the conditional distribution of the former. Our results show that the magnitudes of the coefficients are significantly different across quantiles of FDI inflows for a number of covariates. That is to say, the coefficients are significantly larger for the upper quantiles compared to the lower ones. The interquantile regressions, which estimate the quantile differences, confirm the finding that large FDI inflows are more responsive to their covariates than smaller inflows. Our results suggest that large inflows of FDI are indeed different, both quantitatively and qualitatively, from smaller inflows. Therefore, it is necessary to investigate the causes of large and smaller inflows separately for a better understanding of the determinants of FDI inflows to developing countries. JEL Classification: F21, F23, F41
  • Do surges in foreign direct investment inflows lead to surges in economic growth? Evidence from developing countries
    Jagadish Prasad Sahu
    Studies in Economics and Finance, 2020
  • Exports Dynamics of India: A Cointegration Analysis
    Jagadish Prasad Sahu, Anirudha Barik
    Energy Environment and Globalization Recent Trends Opportunities and Challenges in India, 2019
  • Political regime persistence and economic growth in Odisha: An empirical assessment of the Naveen Patnaik rule
    Economics Bulletin, 2018
  • The stroll, the trot, and the sprint of the elephant: Understanding Indian growth episodes
    Kunal Sen, Sabyasachi Kar, Jagadish Prasad Sahu
    Deals and Development the Political Dynamics of Growth Episodes, 2017
  • Is there a natural rate of crime in India?
    Jagadish Prasad Sahu, Chandan Kumar Mohanty
    Contemporary Social Science, 2016
  • Inflation dynamics in India: A hybrid new Keynesian phillips curve approach
    Economics Bulletin, 2013
  • Is private investment being crowded out in India? Some fresh evidence
    Economics Bulletin, 2012

RECENT SCHOLAR PUBLICATIONS

  • The Economics of Digital Payments: A Systematic Literature Review and Future Research Agenda
    S Jain, AA Mishra, JP Sahu
    Journal of Economic Surveys , 2026
    2026
    Citations: 1
  • The heterogeneous effects of infrastructure on farm and non-farm sector output: evidence from Indian states
    S Chicker, JP Sahu
    International Journal of Social Economics 52 (9), 1322-1336 , 2025
    2025
    Citations: 1
  • Banking the unbanked: exploring the impact of internet penetration on accessibility to banking services in developed and developing economies
    S Jain, JP Sahu
    Digital Policy, Regulation and Governance 27 (1), 94-115 , 2025
    2025
    Citations: 8
  • Good Luck or Good Policy? Economic Growth and Human Development in Odisha Under the Naveen Patnaik Rule
    S Panda, JP Sahu
    International Journal of Public Administration 47 (16), 1139-1151 , 2024
    2024
    Citations: 1
  • A Political Economy Analysis of Recent Growth Slowdown in West Bengal
    D Jha, JP Sahu, P Singh
    Economic and Political Weekly 59 (49) , 2024
    2024
  • Impact of gender diversity on firm performance: empirical evidence from India
    N Laskar, JP Sahu, KS Choudhury
    Managerial Finance 50 (3), 614-633 , 2024
    2024
    Citations: 25
  • The impact of ICT on financial inclusion: evidence from global sample
    S Jain, JP Sahu
    2023
    Citations: 2
  • Does inflow of foreign direct investment stimulate economic growth? Evidence from developing countries
    JP Sahu
    Transnational Corporations Review 13 (4), 376-393 , 2021
    2021
    Citations: 66
  • Do surges in foreign direct investment inflows lead to surges in economic growth? Evidence from developing countries
    JP Sahu
    Studies in Economics and Finance 38 (2), 317-338 , 2021
    2021
    Citations: 18
  • What explains FDI inflows to ASEAN countries? Evidence from quantile regressions
    JP Sahu, SK Dash
    Journal of Asian Economic Integration 3 (1), 25-37 , 2021
    2021
    Citations: 11
  • Do large foreign direct investment inflows behave differently from smaller inflows? Evidence from developing countries
    JP Sahu
    Margin: The Journal of Applied Economic Research 14 (1), 86-106 , 2020
    2020
    Citations: 8
  • The long‐run effect of public debt on economic growth: Evidence from India
    A Barik, JP Sahu
    Journal of Public Affairs, e2281 , 2020
    2020
    Citations: 20
  • Is there a natural rate of crime in India?
    JP Sahu, CK Mohanty
    Crime and Society, 52-64 , 2019
    2019
    Citations: 15
  • Exports Dynamics of India: A Cointegration Analysis
    JP Sahu, A Barik
    Energy, Environment and Globalization, 265-275 , 2019
    2019
    Citations: 3
  • Political regime persistence and economic growth in Odisha: An empirical assessment of the Naveen Patnaik rule
    JP Sahu, S Panda
    Economics Bulletin 38 (1), 610-622 , 2018
    2018
    Citations: 14
  • The Stroll, the Trot, and the Sprint of the Elephant: Understanding Indian Growth Episodes
    K Sen, S Kar, JP Sahu
    Deals and Development: The Political Dynamics of Growth Episodes, 250 , 2017
    2017
    Citations: 5
  • The political economy of economic growth in India, 1993-2013
    K Sen, S Kar, J Sahu
    ESID Working Paper No. 44 , 2014
    2014
    Citations: 22
  • Inflation dynamics in India: A hybrid new Keynesian Phillips curve approach
    JP Sahu
    Economics Bulletin 33 (4), 2634-2647 , 2013
    2013
    Citations: 22
  • Is private investment being crowded out in India? Some fresh evidence
    JP Sahu, S Panda
    Economics Bulletin 32 (2), 1125-1132 , 2012
    2012
    Citations: 12

MOST CITED SCHOLAR PUBLICATIONS

  • Does inflow of foreign direct investment stimulate economic growth? Evidence from developing countries
    JP Sahu
    Transnational Corporations Review 13 (4), 376-393 , 2021
    2021
    Citations: 66
  • Impact of gender diversity on firm performance: empirical evidence from India
    N Laskar, JP Sahu, KS Choudhury
    Managerial Finance 50 (3), 614-633 , 2024
    2024
    Citations: 25
  • The political economy of economic growth in India, 1993-2013
    K Sen, S Kar, J Sahu
    ESID Working Paper No. 44 , 2014
    2014
    Citations: 22
  • Inflation dynamics in India: A hybrid new Keynesian Phillips curve approach
    JP Sahu
    Economics Bulletin 33 (4), 2634-2647 , 2013
    2013
    Citations: 22
  • The long‐run effect of public debt on economic growth: Evidence from India
    A Barik, JP Sahu
    Journal of Public Affairs, e2281 , 2020
    2020
    Citations: 20
  • Do surges in foreign direct investment inflows lead to surges in economic growth? Evidence from developing countries
    JP Sahu
    Studies in Economics and Finance 38 (2), 317-338 , 2021
    2021
    Citations: 18
  • Is there a natural rate of crime in India?
    JP Sahu, CK Mohanty
    Crime and Society, 52-64 , 2019
    2019
    Citations: 15
  • Political regime persistence and economic growth in Odisha: An empirical assessment of the Naveen Patnaik rule
    JP Sahu, S Panda
    Economics Bulletin 38 (1), 610-622 , 2018
    2018
    Citations: 14
  • Is private investment being crowded out in India? Some fresh evidence
    JP Sahu, S Panda
    Economics Bulletin 32 (2), 1125-1132 , 2012
    2012
    Citations: 12
  • What explains FDI inflows to ASEAN countries? Evidence from quantile regressions
    JP Sahu, SK Dash
    Journal of Asian Economic Integration 3 (1), 25-37 , 2021
    2021
    Citations: 11
  • Banking the unbanked: exploring the impact of internet penetration on accessibility to banking services in developed and developing economies
    S Jain, JP Sahu
    Digital Policy, Regulation and Governance 27 (1), 94-115 , 2025
    2025
    Citations: 8
  • Do large foreign direct investment inflows behave differently from smaller inflows? Evidence from developing countries
    JP Sahu
    Margin: The Journal of Applied Economic Research 14 (1), 86-106 , 2020
    2020
    Citations: 8
  • The Stroll, the Trot, and the Sprint of the Elephant: Understanding Indian Growth Episodes
    K Sen, S Kar, JP Sahu
    Deals and Development: The Political Dynamics of Growth Episodes, 250 , 2017
    2017
    Citations: 5
  • Exports Dynamics of India: A Cointegration Analysis
    JP Sahu, A Barik
    Energy, Environment and Globalization, 265-275 , 2019
    2019
    Citations: 3
  • The impact of ICT on financial inclusion: evidence from global sample
    S Jain, JP Sahu
    2023
    Citations: 2
  • The Economics of Digital Payments: A Systematic Literature Review and Future Research Agenda
    S Jain, AA Mishra, JP Sahu
    Journal of Economic Surveys , 2026
    2026
    Citations: 1
  • The heterogeneous effects of infrastructure on farm and non-farm sector output: evidence from Indian states
    S Chicker, JP Sahu
    International Journal of Social Economics 52 (9), 1322-1336 , 2025
    2025
    Citations: 1
  • Good Luck or Good Policy? Economic Growth and Human Development in Odisha Under the Naveen Patnaik Rule
    S Panda, JP Sahu
    International Journal of Public Administration 47 (16), 1139-1151 , 2024
    2024
    Citations: 1
  • A Political Economy Analysis of Recent Growth Slowdown in West Bengal
    D Jha, JP Sahu, P Singh
    Economic and Political Weekly 59 (49) , 2024
    2024