Srinivas Raghavendra
Srinivas Raghavendra
J.E. Cairnes School of Business & Economics
University of Galway, Ireland
s.raghav@universityofgalway.ie
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About Me

I am a macroeconomist. My work spans three connected strands: how financialisation shapes macroeconomic stability, how development can be understood through a macro-structural lens, and how gender belongs at the centre of economic analysis, not its margins.

Interests
  • Macroeconomics
  • Development
  • Complex Systems
  • Feminist Economics
Education

  • PhD Economics

    Jawaharlal Nehru University, India

  • M.Sc. Statistics

    Annamalai University, India

  • B.Sc. Mathematics

    Madura College, Madurai Kamaraj University, India

Public Engagement

Alongside my academic research, I demystify macroeconomic ideas for general audiences through Indian and Irish media, and via podcasts such as Making Sense of Macroeconomics.

See all public engagement →

Publications
Conference papers (recent)
European Association for Evolutionary Political Economy (EAEPE), September 2026, Lausanne.
Post Colonial Political Economy and Pluralism
The Dual Role of Exports in the Structural Transformation of the Developing Countries (with Zico Dasgupta).
AI as a Social Phenomenon
Capitalism, Class Relations, and the Role of the State in the AI Era: A Heterodox Analysis.
Development Macroeconomics Pedagogy Summer School, July 2026, Bangalore.
Competitiveness and Development in a Dual Economy.
Books
Duvvury, N., Srinivas Raghavendra, Scriver, S. (2026). Violence Against Women and the Economy: Economic and Social Implications. Routledge (Forthcoming, 2026).
Srinivas Raghavendra, Piiroinen, P.T. (2023). An Introduction to Economic dynamics: Modelling, Analysis and Simulation . “This book is a welcome addition to the literature on economic dynamics. Its clear writing style and the emphasis on coding using MATLAB® make it a compelling text for introducing undergraduate economics students to stability issues, cycles, and growth. The emphasis on both standard models like the Solow growth model and less standard ones such as the Goodwin growth cycle appeal to a broad spectrum of economists in the profession, and the highly competent authors have put years of experience with the material into a highly accessible textbook. I highly recommend the book to anyone willing to incorporate numerical methods into macroeconomic courses.” — Daniele Tavani, Professor of Economics, Colorado State University, USA Routledge.
Journal Articles in the Pipeline
Srinivas Raghavendra (2026). Artificial intelligence and macro-structural transformation. Under review.
Srinivas Raghavendra (2026). Competitiveness, Productivity, and Distribution: Developmental traps revisited. Working paper.
Srinivas Raghavendra (2026). Violence Against Women and Human Capital Growth. Under review.
Srinivas Raghavendra (2026). Two economies, one balance of payments: productivity and structural growth in Ireland. Working paper.
Recent Journal Articles
Grazini, C., Guarini, Giulio., Srinivas Raghavendra (2025). International competitiveness and gender inequality: Rethinking the BOPCG model. Review of Keynesian Economics, 1-35.
Bhaduri, A., Srinivas Raghavendra (2024). Financial Growth and Crash under Shadow Banking. Review of Political Economy, 36:3, 1156–1173.
Srinivas Raghavendra, Dasgupta, Z. (2023). A macroeconomic developmental perspective on Indian economic growth. Development Macroeconomics Bulletin, 3(1), 47–61.
Vasudevan, R., Srinivas Raghavendra (2022). Women’s self-employment as a developmental strategy: The dual constraints of care work and aggregate demand. Feminist Economics, 28(3), 56–83.
Srinivas Raghavendra, Kim, K., Ashe, S., Chadha, M., Asant, 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..
Poix, S., Ibrahim, N., Scriver, S., Srinivas Raghavendra, 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.
Piiroinen, P.T., Srinivas Raghavendra (2019). A nonsmooth extension of Samuelson’s multiplier-accelerator model. International Journal of Bifurcation and Chaos, 29(10).
Srinivas Raghavendra (2018). The principle of effective demand under modern finance: An exploration in the traditions of Kalecki and Keynes. Panoeconomicus, 65(3), 267–287..
Chyzheuskaya, A., Cormican, M., Srinivas Raghavendra, O’Donovan, D., Prendergast, M., O’Donoghue, C., Morris, D. (2017). Economic assessment of waterborne outbreak of cryptosporidiosis. Emerging Infectious Diseases, 23(10), 1650-1656.
Srinivas Raghavendra, Duvvury, N., Ashe, S. (2017). The macroeconomic loss due to violence against women: The case of Vietnam. Feminist Economics, 23(4), 62–89.
Bhaduri, A., Srinivas Raghavendra (2017). Wage-and profit-led regimes under modern finance: an exploration. Review of Keynesian Economics, 5(3), 426–438.
Guttal, V., Srinivas Raghavendra, Goel, N. (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.
Bhaduri, A., Srinivas Raghavendra, Guttal, V. (2015). On the systemic fragility of finance‐led growth. Metroeconomica, 66(1), 158–186.
Selected Chapters in Books
Srinivas Raghavendra, 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.
Srinivas Raghavendra (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.
Moloney, K., Srinivas Raghavendra (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.
Paraschiv, D., Srinivas Raghavendra, 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.
Sinha, S., Srinivas Raghavendra (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.
Sinha, S., Srinivas Raghavendra (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.
Selected Conference Volumes
Paraschiv, D., Srinivas Raghavendra (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., Srinivas Raghavendra, Vasiliu, L. (2009). Stock Scanner Evaluator for Stocks or Options. IEEE Symposium on Computational Intelligence and Financial Engineering.
Srinivas Raghavendra, 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.
Srinivas Raghavendra, Sinha, S. (2004). Phase Transition and Pattern Formation in a model of Collective Choice Dynamics. Santa Fe Institute paper, No: 04−09−028.
Impact
Ecological science theory analyses stock market crashes — see the PLoS ONE paper review in Nature Asia.
My research on household savings was cited in a BBC News article, “What’s behind a dramatic fall in Indian families’ savings”.
My work was cited by former President of Ireland Michael D. Higgins in his book, When Ideas Matter: Speeches for an Ethical Republic.
Invited to present at the IMF Conference on Gender and Macroeconomics.
Invited to speak at the International Economic Forum of the Americas, Conference of Montreal.