Sasidaran Gopalan
Senior Lecturer in Economics (Educator-Track)
Lee Kuan Yew School of Public Policy
National University of Singapore (NUS)

About Me
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Welcome to my webpage!
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I'm currently a Senior Lecturer in Economics (on Educator-Track) at the Lee Kuan Yew School of Public Policy (LKYSPP), National University of Singapore (NUS). ​Prior to this, I was an (Advanced) Assistant Professor of Economics in the College of Business and Economics at the United Arab Emirates University (UAEU) based in Abu Dhabi. In the past, I have held various research appointments across several universities in Asia including Hong Kong University of Science and Technology (Hong Kong), Nanyang Technological University (Singapore), as well as NUS. I have also taught at the Graduate School of Public Policy at Nazarbayev University (Kazakhstan). I obtained my PhD in Public Policy from George Mason University (GMU) in Virginia, USA, in 2014.
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TEACHING
My expertise lies in designing and teaching courses on macro and international economic policy. As an economics educator, I have taught a variety of courses in both business and public policy schools over the last decade -- from macroeconomics to empirical methods, to money and banking and international economics (trade/finance) -- at both the graduate and undergraduate levels. At LKYSPP, NUS, I primarily teach courses on Macroeconomics for Public Policy, Analytical Issues in Money and Banking and International Economic Development. I design and teach these courses with a significant policy emphasis, calibrating them for students coming from diverse academic backgrounds which typically involves very little background or training in economics. I'm also currently the co-chair of LKYSPP's flagship graduate MPP program (Master in Public Policy) and the convenor of the Policy Analysis Exercise (MPP capstone).
RESEARCH
My research focus is closely aligned with my teaching interests. My research assumes a strong interdisciplinary orientation and lies at the intersection of applied macro, international economics and development policy, with a focus on emerging markets. My research can be organized into four specific themes: (a) foreign direct investment, (b) financial globalization, (c) financial inclusion, and (d) trade policy & global value chains. I have published on issues spanning all these themes in notable field journals such as World Development, Economic Modelling, Journal of Macroeconomics, Review of World Economics, Information Economics and Policy, the World Economy, and Climate Policy. I've also co-written a few books on the above themes, as well as contributed to several policy briefs and op-eds for leading global financial dailies.
I'm also an Associate Editor of Economia Politica and an Affiliate of the Center for Competitiveness, University of Fribourg.
Latest Books
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Cavoli, T., Gopalan, S., and Rajan, R.S. "Complexities of Financial Globalisation: Analytical and Policy Issues in Emerging and Developing Economies," Routledge, Taylor & Francis (UK), August 2020.
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Media coverage: "Economic Liberalisation No Shortcut For Development,"​ Global-is-Asian, Lee Kuan Yew School of Public Policy, 24 August, 2020.
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​Journal Articles (Selected)
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Foreign Direct Investment
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Khalid, U., Gopalan, S., and Zekkari, K.B. (2026). "Do Global Sanctions Deter Greenfield Foreign Direct Investment?," Economic Modelling, 155: 1-14.​
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Gopalan, S., Khalid, U., and Okafor, L. (2024). "Do Greenfield FDI Inflows Promote International Tourism?," Current Issues in Tourism, 27(24): 4561-4578.​
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Gopalan, S., Park, C.Y., and Rajan, R.S. (2023). “Do International Investment Agreements (IIAs) Attract FDI Inflows? Revisiting the Literature,” Economic Analysis and Policy, 80, 471-481
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Gopalan, S., Gupta, B., and Rajan, R.S. (2023). "Do Climate Risks Influence Foreign Direct Investment Inflows to Emerging and Developing Economies?" Climate Policy, 23(6): 722-734.​​
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Gopalan, S., Ouyang, A. and Rajan, R.S. (2018). “Impact of Greenfield FDI versus M&As on Growth and Domestic Investment in Emerging Asia”. Economia Politica, 35 (1): 41-70..
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​​​Financial Globalization/Capital Flows
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Gopalan, S., Gupta, B., and Rajan, R.S. (2023). "Financial Globalisation in ASEAN+3: Navigating the Financial Trilemma" Global Policy, 14(3): 464-476.
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Cavoli, T., Gopalan, S. and Rajan, R.S. (2023). "Is Exchange Rate Centered Monetary Policy Asymmetric? Empirical Evidence from Singapore" Applied Economics, 55(21):2438-2454.
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Cavoli, T., Gopalan, S. and Rajan, R.S. (2022). "Can Macroprudential Policies Moderate the Influence of Capital Flows on Real Exchange Rates? Empirical Evidence from Emerging Markets" International Review of Finance, 22(3): 567-579.
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Cavoli, T., Gopalan, S. and Rajan, R.S. (2021). "Do Macroprudential Policies Counter Real Exchange Rate Appreciation in Emerging Markets?" The World Economy , 44(7): 2164-2187.
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Gopalan, S., and Sasidharan, S. (2020). “Financial Liberalization and Firms’ Access to Credit in Emerging and Developing Economies: An Empirical Investigation” Journal of Economics and Business, 107: 1-19.
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Financial Inclusion/Development
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Gopalan, S., and Khalid, U. (2024). "How Does Financial Inclusion Influence Tourism Demand? Empirical Evidence from Emerging Markets and Developing Economies," Tourism Recreation Research, 49(3):639-653.
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Cavoli, T., and Gopalan, S., (2023). “Does Financial Inclusion Promote Consumption Smoothing? Evidence from Emerging and Developing Economies” International Review of Economics and Finance, 88: 1529-1546.
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Reddy, K., and Gopalan, S. (2023). "Gender Bias in Access to Trade Credit: Firm Level Evidence from Emerging Markets," Global Finance Journal, 57, 1-11.
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Cavoli, T., Gopalan, S., Onur, I., and Xenarios, S. (2023). “Does Financial Inclusion Improve Sanitation Access? Empirical Evidence from Low and Middle-Income Countries” International Journal of Water Resources Development, 39(5): 724-745.
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Cavoli, T., Gopalan, S., and Rajan, R.S. (2020). “Financial Inclusion and Output Volatility: An Empirical Investigation” Open Economies Review, 31: 901-930.​​
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​Trade Policy and Global Value Chains
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Gopalan, S., and Reddy, K. (2025). "Global Value Chain Disruptions and Firm Survival During Covid-19: An Empirical Investigation," Emerging Markets Finance and Trade, 61(8): 2360-2373.
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Gopalan, S., Reddy, K. and Sasidharan, S. (2025). "Can Participation in Global Value Chains Improve Female Labor Force Participation? A Firm-Level Empirical Investigation," Review of World Economics, 161: 611-634. ​​
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Gopalan, S., Miroudot, S. and Reddy, K. (2023). "Global Value Chains and Firm Survivability During the Covid-19 Pandemic: Digitalization as the Moderator," Applied Economics Letters, 32(6): 784-788.
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Gopalan, S., Reddy, K. and Sasidharan, S. (2022). "Does Digitalization Spur Global Value Chain Participation? Firm Level Evidence from Emerging Markets," Information Economics and Policy, 59: 1-13.
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​Gopalan, S., Luu, N.T.D. and Rajan, R.S. 2020. “Trade Configurations in Emerging Asia: Assessing De Facto and De Jure Regionalism” The World Economy, 43(4): 1034-1058.​​​​​​​​​​​​​





