01/07/2014 04:19 PM
BATON ROUGE – Areendam Chanda, an associate professor who holds the John C. Hamilton
Family Professorship for Developing Scholars in the Department of Economics, recently
coauthored an article that the American Economic Journal: Macroeconomics has accepted
“Persistence of Fortune: Accounting for Population Movements,” written with Brown
University Professor of Economics Louis Putterman and former E. J. Ourso college Ph.D.
student and Yale School of Public Health Postdoctoral Associate C. Justin Cook, explores
the reversal of fortune that has occurred for many countries that have emerged out
of lands colonized by Europeans, beginning in the late 15th century.
“The idea that countries that were once colonized by Europeans experienced a reversal
of fortune continues to hold a powerful sway on research in this area,” Chanda said.
“Our findings indicate that it is less useful to think in terms of geographic territories
but more in terms of the populations that reside there. Given the large mass migrations
that have taken place over the past 500 years, underlying the so-called reversal is
a strong persistence of advantages that certain populations have continued to maintain
despite the industrial revolution, modern economic growth and the integration of the
The American Economic Journal: Macroeconomics focuses on studies of aggregate fluctuations
and growth, and the role of policy in that context. Such studies often borrow from
and interact with research in other fields, such as monetary theory, industrial organization,
finance, labor economics, political economy, public finance, international economics,
and development economics.
The Department of Economics at LSU’s E. J. Ourso College of Business offers courses
that provide undergraduate and graduate students an intellectual challenge and strong
analytic training and the tools to understand the economic and social problems faced
both domestically and internationally. The faculty’s dedication to quality teaching
and research is reflected by numerous awards received and peer-reviewed scholarly
articles published in high-quality economic journals. The Journal of Labor Research
and the Journal of Macroeconomics, two highly regarded academic journals, are edited
within the department.
For more information, visit www.business.lsu.edu/economics or call 225-578-5211.
Posted on Tuesday, January 7, 2014