Aviral Kumar Tiwari

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Aviral Kumar Tiwari

Associate Professor

Economics

aviral.t@iimbg.ac.in

Overview:

Dr. Aviral Kumar Tiwari is an Associate Professor of Economics at the Indian Institute of Management Bodh Gaya (IIMBG) in the Department of Economics and Business Environment. Prof. Tiwari is a C-EENRG fellow at the Department of Land Economy, University of Cambridge and Research Fellows, University of Economics Ho Chi Minh City, Vietnam. Prior to joining IIMBG, he worked as Associate Professor at Rajagiri Business School (RBS), India and Montpellier Business School (MBS), Montpellier, France from where he received his post-doc as well. After graduating with a degree in Economics from Lucknow University, Lucknow, India, he received his M.Phil. (in Labour Economics) and Ph.D. (in Energy and Environment) from ICFAI University Tripura. He is basically an applied economist with broad empirical interests with a focus on but not limited to emerging economies in particular Asia. His research interests focus on various issues concerning energy, environment, tourism, macroeconomy and growth & development etc. He has published widely in peer-reviewed international journals and contributed more than 100 ABDC-A &A* research papers so far. He is the only Economist included from India in the career ranking of World’s top 2% scientists list of 2021 published by Stanford University Study. He is ranked at first position in India as a researcher by IDEAS. He is one of the Highly Cited Researcher 2020 by Clarivate™ of Web of Science™. He is one of the recipients of M J Manohar Rao Award (for young econometrician) for 2014 from The Indian Econometric Society, 2015. He is Life member, Indian Economic Association, India and member at several other international associations such as International Association for Energy Economics (IAEE), USA, Association for Comparative Economic Studies, USA, Western Economic Association International, USA etc. He holds different editorial positions at more than 10 journals of international repute (ABDC, Scopus and ABS indexed journals).

Academic background:

  • CEENRG Research Fellow, Department of Land Economy, University of Cambridge, United Kingdom 
  • Research Fellow, Institute of Business Research, University of Economics Ho Chi Minh City, Vietnam 
  • Postdoctoral at Montpellier Business School, France
  • Ph.D. in Management (ICFAI University Tripura, India) in Energy and Environmental Economics
  • M.Phil. in Management (ICFAI University Tripura, India) in Labour Economics
  • M.A. in Economics (Lucknow University, Lucknow, UP, India)
  • B.A. in Economics and History (Lucknow University, Lucknow, UP, India)

Affiliations:

  • Associate Professor (& Research Mentor) at Rajagiri Business School, India
  • Associate Professor at Montpellier Business School, France

Teaching Interests:

  • Energy Economics
  • Managerial Economics
  • Basic Econometrics
  • Macroeconomics
  • Microeconomics

Research Interests:

  • Energy Economics,
  • Environmental Economics,
  • Applied Econometrics (linear and non-linear time series and panel data techniques),
  • Applied Macroeconomics,
  • Open-Economy,
  • Public Finance,
  • Fiscal Policy

View Research Profile

Achievements/Major Highlights:

  • CEENRG Research Fellow, Department of Land Economy, University of Cambridge, United Kingdom
  • Highly Cited Researcher 2020 by Clarivate™ of Web of Science™
  • In 2020’s ranking of World’s top 2% scientists he was included for the single calendar years of 2017 to 2019 based on a Stanford University Study (in India in 2019, ranked 1 among Economists and global ranking is 169 while in the Energy as Sub-field he is ranked at 4rth position and in Business and Economics 640 among 5334 if we consider his career, he is ranked number 1).
  • In 2021’s ranking of World’s top 2% scientists he is included in the career ranking (globally ranked at 61212 across fields and in Economics field ranked at 504 and in Business and Economics field ranked at 1629) based on a Stanford University Study (and in India, I am ranked at 1st and only included Economists and across fields I am ranked at 296).
  • Ranked 50th in the world: Top 10% Authors (Last 10 Years Publications), as of October 2020 by IDEAS/RePEc
  • 1st position as Economists in India, since July 2021 by IDEAS/RePEc
  • M J Manohar Rao Award (for young econometrician) for 2014 from The Indian Econometric Society, 2015
  • Best Researcher Award, 2015 by GRABS Educational Charitable Trust, Chennai, India
  • Post-doctoral from Montpellier Business School, France
  • One Month Research Fellowship from University of Castilla- La Mancha, Spain, for collaborating research work and developing some research models

Professional Society Memberships:

  • Life member, Indian Economic Association, India 
  • Life member, Indian Econometric Society, India
  • Member in The Euro Area Business Cycle Network (EABCN)
  • Member in International Association for Energy Economics (IAEE), USA
  • Member in Association for Comparative Economic Studies, USA
  • Member in Western Economic Association International, USA

Professional activities: -editorial experience:

Guest-Editor:   Senior Editor: Contributing Editors: Co-Editors: Regional Editor-South-East Asia:  Associate Editor: Editorial (Advisory) Board Member

Research Publications:

  • Aviral Kumar Tiwari, Emmanuel Joel Aikins Abakah, Christiana Osei Bonsu, Nana Kwasi Karikari and Shawkat Hammoudeh. 2022. The effects of public sentiments and feelings on stock market behaviour: Evidence from Australia. Journal of Economic Behavior and Organization, , March, 102456. ABDC-A*, ABS, (FNEGE-2), JCR, SCOPUS-Q1
  • Ghouri, A.M., Akhtar, P., Vachkova, M., Shahbaz, M., Tiwari, A.K., Palihawadana. D. 2019. Emancipatory Ethical Social Media Campaigns: Fostering Relationship Harmony and Peace, Journal of Business Ethics. ABDC-A, ABS, (FNEGE-1), JCR, SCOPUS-Q1
  • Aviral Kumar Tiwari, Samia Nasreen and Muhammad Awais Anwar. 2022. Impact of Equity Market Development on Renewable Energy Consumption: Do the Role of FDI, Trade Openness and Economic Growth Matter in Asian Economies? Journal of Cleaner Production, , March, 102456. ABDC-A, ABS, (FNEGE-3), JCR, SCOPUS-Q2
  • Aviral Kumar Tiwari, Emmanuel Joel Aikins Abakah, David Gabauer, and Richard Adjei Dwumfour. 2022. Dynamic spillovers effects among green bond, renewable energy stocks and carbon markets during COVID-19 pandemic: Implications for hedging and investments strategies. Global Finance Journal, , March, 102456. ABDC-A, ABS, JCR, SCOPUS-Q2
  • Peterson Owusu Junior, Aviral Kumar Tiwari, George Tweneboah, Emmanuel Asafo-Adjei. 2022. GAS and GARCH based Value-at-Risk modeling of precious metals. Resources Policy, 75, March, 102456. ABDC-B, ABS, (FNEGE-3), JCR, SCOPUS-Q1
  • Muhammad Shahbaz, Nader Trabelsi, Aviral Kumar Tiwari, Emmanuel Joel Aikins Abakah and Zhilun Jiao. 2021. Relationship between Green Investments, Energy Markets, and Stock Markets in the Aftermath of the Global Financial Crisis. Energy Economics, Vol.104, December, pp.105655. (DOI: https://doi.org/10.1016/j.eneco.2021.105655), ABDC-A*, ABS, (FNEGE-2), JCR, SCOPUS-Q1
  • Aviral Kumar Tiwari, Emmanuel Joel Aikins Abakah, Richard Adjei Dwumfour and Salma Mefteh-Wali. 2021. Connectedness and directional spillovers in energy sectors: International evidence. Applied Economics, Vol., No. : pp.. (DOI: https://doi.org/10.1080/00036846.2021.1998326) ABDC-A, ABS, (CNRS-2) JCR, SCOPUS-Q2
  • Sangram Keshari Jena, Aviral Kumar Tiwari, Emmanuel Joel Aikins Abakah, Shawkat Hammoudeh. 2021. The connectedness in the world petroleum futures markets using a Quantile VAR approach, Journal of Commodity Markets, Vol., No. : pp.. (DOI: ). ABDC-A, ABS, JCR, SCOPUS-Q1
  • Muhammad Abubakr Naeem, Fiza Qureshi, Saqib Farid, Mohamed Elheddad and Aviral Kumar Tiwari. 2020. Time-frequency information transmission among financial markets: Evidence from implied volatility, Annals of Operations Research, Vol., No. : pp.. (DOI: ).:. ABDC-A, ABS, (FNEGE-2), JCR, SCOPUS-Q1
  • Aviral Kumar Tiwari, Sangram Keshari Jena, Nader Trabelsi, and Shawkat Hammoudeh. 2021. Conditional transmission of global shocks to Emerging Markets: Evidence from the quantile connectedness network analysis. Applied Economics, , No. : pp.. (DOI: ). ABDC-A, ABS, JCR
  • Emmanuel Joel Aikins Abakah, Luis A. Gil-Alana, Emmanuel Kwesi Arthur and Aviral Kumar Tiwari. 2022. Measuring Volatility Persistence in Leveraged Loan Markets in the Presence of Structural Breaks. International Review of Economics and Finance, , No. : pp.. (DOI: ). ABDC-A, ABS, JCR
  • Emmanuel Joel Aikins Abakah, Aviral Kumar Tiwari, Imhotep Paul Alagidede, and Luis A. Gil-Alana. 2022. Re-examination of risk-return dynamics in international equity markets and the role of policy uncertainty, geopolitical risk and VIX: evidence using time varying Markov-switching copulas. Finance Research Letters, No. : pp.. (DOI: ). ABDC-A, ABS, (CNRS-3) JCR
  • Wanshan Wu, Aviral Kumar Tiwari, Giray Gozgor, Huang Leping. 2021. Does economic policy uncertainty affect cryptocurrency markets? Evidence from Twitter-based uncertainty measures, Research in International Business and Finance. Vol 58, December, 101478 (DOI:) ABDC-B, ABS, (CNRS-3) JCR
  • Elie Bouri, David Gabauer, Rangan Gupta, Aviral Kumar Tiwari. 2021. Volatility connectedness of major cryptocurrencies: The role of investor happiness. Journal of Behavioral and Experimental Finance, Vol. 30, June, 100463, ABDC-A, ABS, JCR
  • Richard Olaolu Olayeni, Aviral Kumar Tiwari & Mark E. Wohar. 2021. Fractional frequency flexible Fourier form (FFFFF) for panel cointegration test. Applied Economics Letters, Vol. 28, No. 6: pp.482-486 (DOI: https://doi.org/10.1080/13504851.2020.1761526) ABDC-B, ABS, JCR
  • Muhammad Khalid ANSER, Bosede Ngozi ADELEYE, Mosab I. TABASH and Aviral Kumar Tiwari. 2021. Services trade-ICT-tourism nexus in selected Asian countries: New evidence from panel data techniques. Current Issues in Tourism, Vol., No.: pp. . (DOI: )  ABDC-A, ABS, JCR
  • Angeliki N. Menegaki and Aviral Kumar Tiwari. 2021. The stability of interaction channels between tourism and financial development in 10 top tourism destinations; Evidence from a Fourier Toda Yamamoto estimator. Tourism Economics, V , : pp.. ABDC-A, ABS, JCR
  • Aviral Kumar Tiwari, Samia Nasreen and Zahid Iqbal. 2021. Nexus between tourism and environmental pollution in south ASIA: A comparative analysis using time-varying and non-parametric techniques. Current Issues in Tourism, Vol.24, No.21: pp.2996-3020. (DOI: )  ABDC-A, ABS, JCR
  • Sitanshu Sekhar Das and Aviral Kumar Tiwari. 2020. Understanding international and domestic travel intention of Indian travelers during COVID-19 using a Bayesian approach. Tourism Recreation Research, Vol. 46, No.2, pp. 228-244 (DOI: ) ABDC-A, ABS

Research Projects:

  • “Financial turnover as a determinant of CEO tenure” (as a team leader), funded by IFHE (deemed to be) University, Hyderabad. (INR 1, 65,000).
  • “A study of volatility spillover across select foreign exchange rates in India using dynamic conditional correlations: A revisit” (as a team member), funded by IFHE (deemed to be) University, Hyderabad. (INR 1, 65,000). 

Books:

  • Energy-Growth Nexus in an Era of Globalization (2021). Edited by Muhammad Shahbaz, Aviral Kumar Tiwari and Avik Sinha. Elsevier, Radarweg 29, PO Box 211, 1000 AE Amsterdam, Netherlands.

Book Chapter:

  • Tiwari. A.K, Forte, A., Garcia-Donato, G., & Menegaki, A.N. (2017). Practical issues on energy-growth nexus data and variable selection with Bayesian analysis. In The Economics and Econometrics of the Energy-Growth Nexus: Chapter 6, part 2 (187-227). Menegaki (Eds), A.N. Elsevier PublishersNetherlands. ISBN- 978-0-12-812746-9.
  • Menegaki, A., & Tiwari, A. K. (2019). Energy efficiency in Europe; Stochastic-convergent and non-convergent countries. In Energy and Environmental Strategies in the Era of Globalization(305-333). Shahbaz, Muhammad, Balsalobre, Daniel (Eds.) Springer International Publishing. ISBN- 978-3-030-06000-8.
  • Khalfaoui R., Tiwari A.K., VO X.V. (2021) Evaluating Portfolio Risk Management: A New Evidence from DCC Models and Wavelet Approach. In: Lee CF., Lee A.C. (eds) Encyclopedia of Finance. Springer, Cham. https://doi.org/10.1007/978-3-030-73443-5_108-1
  • A.K & Aruna, M. (2012). A causality analysis between interest rates and share prices in India: Using a frequency domain approach. In A Compendium of Essays in Applied Econometrics. Tripathy, T. mi Bhattacharya, P., & Aruna, M. (Eds), IBS Hyderabad, IFHE University Publications. ISBN-10: 9382163719
  • A.K & Raveesh K (2010). Corporate governance and economic performance: A cross-country study'In Corporate Governance Beyond Boundaries. Mishra, R.K., Jhunjhunwala, S. & Sahay,M. (Eds), by Macmillan Advanced Research Series India Ltd., New Delhi
  • Balsalobre-Lorente D., Tiwari A.K. (2021) Relevance of the Energy Innovation Processed on the Pollution Haven Hypothesis in European Regions. In: Harris P., Bitonti A., Fleisher C.S., Skorkjær Binderkrantz A.(Eds) The Palgrave Encyclopedia of Interest Groups, Lobbying and Public Affairs. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-13895-0_206-1

Session Chair, Moderator, and Keynote Speaker/Panellist in the conferences:

2015 Doctoral Colloquium, September 11-12, 2015, at Hyderabad, Telangana organized by IBS
2017 ICEFM 2017 conference at Montpellier Business School, Montpellier, France.
2020 ICBF 2020, Institute of Business Research, University of Economics Ho Chi Minh City, Vietnam
2021 International e-conference 2021 on Advances in Business and management (4-6th March, 2021), Department of commerce, Shaheed Bhagat Singh college university of Delhi  
2021 Plenary Speaker at International conference on insights in marketing (5-6th Feb, 2021), RCSS and RBS India.
2021 International Conference on DYNAMIC BUSINESS ENVIRONMENT:CHALLENGES AND OPPORTUNITIES IN “THE NEW NORMAL” (5-6th February, 2021), IMS-Ghaziabad, India
2021 Session Chair in the MAIMS International Conference (MIC’2020) on ‘‘Impact of Digitization on Education, Management Sciences, Information Technology, Law Enforcements, and Media” organized by Maharaja Agrasen Institute of Management Studies in collaboration with Faculty of Business and Accountancy, Lincoln University College, Malaysia on December 3-4, 2020.
2021 International Conference on "Changing Business Paradigm" in March 19-21, 2021, Management Development Institute (MDI) Murshidabad, India
2021 Session Chair in the 1st International Management Conference from April 23rd -24th, 2021 on "Post COVID Management Strategies: Recovery, Resilience, and Adaptation."

Conference organization:

2015 Doctoral Colloquium, September 11-12, 2015, at Hyderabad, Telangana organized by IBS
2017 ICEFM 2017 conference at Montpellier Business School, Montpellier, France.
2018 ICEFM 2018 conference at Montpellier Business School, Montpellier, France.

Ph.D. Guidance/Evaluator:

2017 Evaluation of the Ph.D. thesis entitled “Three Essays on Oil Markets and the Energy Consumption-Economic Growth Nexus” of Elham Talebbeydokhti, University of Padua, Italy.
2020 Evaluation of the Ph.D. thesis entitled “Emerging financial markets: spatial risks, elicitability of risk models, and shape shift contagion” of Peterson Owusu Junior, University of the Witwatersrand, South Africa.
2020 Evaluation of the PhD thesis entitled “Environmental impact of transportation, trade and economic growth: world analysis” of Syeda Anam Hassan, Hazara University Mansehra, Pakistan.
2020 Evaluation of the PhD thesis entitled “Assessing technical efficiency of provincial health and education sectors in South Africa” of Victor Ngobeni, University of Pretoria, South Africa.
2020 Approved PhD Co-Supervisor at RMIT University, Melbourne, Australia for 2 students.
  Co-Supervising Mai Bui for thesis “The determinants of returns and volatilities of crypto-currencies” at RMIT University, Melbourne, Australia.
  Co-Supervising Minh Quyen Pham for thesis “Stock market and economic growth nexus: The intervention of investor sentiment” at RMIT University, Melbourne, Australia.

Courses/Program developed:

2018 Practical Maths for Business (MBS, France): Course
2019 Energy Economics and Energy Finance (MBS, France): Course
2020 Fellow in Management, RBS, India: Program
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