American Economic Journal Accepts LSU Economics Professor’s Paper

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 for publication.

“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 world economy.”

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 or call 225-578-5211.

Wendy  Marx 
E. J. Ourso College of Business

Posted on Tuesday, January 7, 2014