Hadi Esfahani

Hadi Esfahani

Professor of Economics

  • Email

Biography

Hadi Salehi Esfahani is a professor of economics at the University of Illinois at Urbana-Champaign. He began his career at Illinois in 1984 as an assistant professor of economics. He is also a professor of business administration and director of the Center for South Asian and Middle Eastern Studies. He has been on the List of Teachers Ranked as Excellent in 22 different academic years. Esfahani, who also serves as editor-in-chief of the Quarterly Review of Economics and Finance, a position he has held since 2006, received his PhD in economics from the University of California at Berkeley in 1984.

Contact

210 David Kinley Hall

1407 W. Gregory

Urbana, IL 61801

217-333-2681

esfahani@illinois.edu

Google Scholar

Update Your Profile Refresh Your Profile

Listings

Educational Background

  • Ph.D., Economics, University of California at Berkeley, 1984

Positions Held

  • Director, the Center for South Asian and Middle Eastern Studies, University of Illinois at Urbana-Champaign, 2017 to present,2009-2011
  • Professor of Business Administration, University of Illinois at Urbana-Champaign, 2010 to present
  • Editor-in-Chief, Bureau of Economic & Business Research, Gies College of Business, University of Illinois, 2009 to present
  • Director, Global Studies Initiative, University of Illinois at Urbana-Champaign, 2005-2008
  • Professor of Economics, University of Illinois at Urbana-Champaign, 2003 to present
  • Economist, The World Bank, 1994-1995
  • Associate Professor of Economics, Economics, University of Illinois, 1990-2003
  • Assistant Professor of Economics, Economics, University of Illinois, 1984-1990
  • Research Assistant, Department of Agricultural and Resource Economics, University of California, Berkeley, 1980-1983
  • Teaching Assistant, Department of Economics, University of California, Berkeley, 1979-1980,1983

Recent Publications

  • Esfahani, H., & Taheripour, F. Forthcoming. Balance of Power in Budget Institutions and Macroeconomic Instability in Iran. Budget Procedures and Fiscal Performance.
  • Esfahani, H. Forthcoming. Budget Institutions and Fiscal Sustainability in Brazil. Budget Procedures and Fiscal Performence.
  • Esfahani, H. Forthcoming. Fiscal Stabilization and Budgetary Institutions in Egypt. Budget Procedures and Fiscal Performence.
  • Esfahani, H. Forthcoming. Institutions, Budgetary Procedures, and Fiscal Performance: Analytical and Methodological Framework. Budget Procedures and Fiscal Performence.
  • Esfahani, H., & Lee, S. Forthcoming. The Effect of Fiscal System Reform on Fiscal Policy Outcomes. Scottish Journal of Political Economy, Wiley Online Library, 67 (2), 15.  link >
  • Esfahani, H. Forthcoming. What Can We Learn from Budget Institutions Details? Budget Procedures and Fiscal Performence.

Other Publications

Articles

  • Bahramitash, R., & Esfahani, H. (2014). Gender and Entrepreneurship in Iran. Middle East Critique, 23 (3), 293-312.
  • Esfahani, H., Mohaddes, K., & Pesaran, M. (2014). An Empirical Growth Model for Major Oil Exporters. Journal of Applied Econometrics, 29 (1), 1-21.
  • Esfahani, H., Mohaddes, K., & Pesaran, M. (2013). Oil Exports and Macroeconomic Performance in Iran. The Quarterly Journal of Money and Economy, 364-379.
  • Esfahani, H., Mohaddes, K., & Pesaran, M. (2013). Oil Exports and the Iranian Economy. The Quarterly Review of Economics and Finance, 53 (3), 221-237.
  • Esfahani, H., & Gurakar, E. (2013). Fading Attraction: Turkey's Shifting Relationship with the European Union. The Quarterly Review of Economics and Finance, 53 (4), 364-379.
  • Esfahani, H. (2013). Do Sanctions Lead to the Expansion of the Underground Economy? Mehrnameh, (31).
  • Esfahani, H. (2013). Prospects of Oil Revenues and the Second Stage of Subsidy Targeting. Tejarat Farda, (34-35).
  • Esfahani, H. (2013). Perspective of Iran's Economy in the Mirror of Sanctions. Tazehaye Eqtesad, (138).
  • Esfahani, H. (2013). Suspended Stage of Subsidy Targeting. Tejarat Farda, (28).
  • Esfahani, H., & Shajari, P. (2012). Gender, Education, Family Structure, and the Allocation of Labor in Iran. Middle East Development Journal, 4 (2).
  • Esfahani, H. (2012). Why Did the Nobel Prize in Economics Go to Shapley and Roth? Tejarat Farda, (19).
  • Esfahani, H., Mohaddes, K., & Pesaran, M. (2012). Explaining the Role of Oil Exports in Iran's Economy. Tazehaye Eqtesad, (136).
  • Esfahani, H. (2012). Sanctions on Iranian Oil Exports. Mehrnameh, (21).
  • Esfahani, H. (2012). The Economic Ties and Political Interests of the United States in the Middle East and North Africa. SNU American Studies Journal, 35 (1).
  • Esfahani, H. (2012). The Economy Is Unstable. Mehrnameh, (18).
  • Esfahani, H. (2011). Oil Is Not the Cause of Underdevelopment. Mehrnameh, (10).
  • Esfahani, H., & Pesaran, M. (2009). Iranian Economy in the Twentieth Century: A Global Perspective. Iranian Studies, 42 (2), 177-211.
  • Esfahani, H. (2008). The Economic Consequences of U.S.-Iran Relations. Center for Global Studies Policy Brief, (2).
  • Asiedu, E., & Esfahani, H. (2008). Is the World Flat? Differential Regulation of Domestic and Foreign-Owned Firms. The Quarterly Review of Economics and Finance, 48 (2-3), 389-411.
  • Esfahani, H., & Squire, L. (2007). Explaining Trade Policy in the Middle East and North Africa. The Quarterly Review of Economics and Finance, 46 (5), 660-684.
  • Esfahani, H., & Singer, C. (2006). Will Oil Price Volatility Cause Global Economic and Political Instability? Illinois International Review.
  • Esfahani, H. (2005). Alternative Public Service Delivery Mechanisms in Iran. The Quarterly Review of Economics and Finance, 45 (2-3), 479-525.
  • Esfahani, H. (2005). Searching for the (Dark) Forces Behind Protection. Oxford Economic Papers, 57 (2), 283-314.
  • Esfahani, H. (2003). Fatal Attraction: Turkey's Troubled Relationship with the European Union. The Quarterly Review of Economics and Finance, 43 (5), 807-826.
  • Esfahani, H., & Ramirez, M. (2003). Institutions, Infrastructure, and Economic Growth. Journal of Development Economics, 70 443-477.
  • Esfahani, H. (2002). Deterrence of Iraq, Damage to the Oil Market, and Democratization in Iran. Swords and Ploughshares, 14 (1), 17-21.
  • Esfahani, H., & Taheripour, F. (2002). Hidden Public Expenditures and Economic Performance in Iran. International Journal of Middle East Studies, 34 691-718.
  • Asiedu, E., & Esfahani, H. (2001). Ownership Structure in Foreign Direct Investment Projects. Review of Economics and Statistics, 83 (4), 647-662.
  • Esfahani, H., & Taheripour, F. (2000). Budgeting in Contemporary Iran. Goft-o-gu.
  • Campos, E., & Esfahani, H. (2000). Credible Commitment and Success with Public Enterprise Reform. World Development, 28 (2), 221-244.
  • Esfahani, H. (2000). Institutions and Government Controls. Journal of Development Economics, 63 197-229.
  • Baer, W., Esfahani, H., & Rashid, S. (1999). The State and Industry in the Development Process. Oxford Development Studies, 27 (3), 385-404.
  • Dao, M., & Esfahani, H. (1999). Tests of a Competitive Model of Growth of Government. Journal of Economic Studies, 26 (3), 209-224.
  • Choi, Y., & Esfahani, H. (1998). Direct Foreign Investment and Expropriation Incentives: A Mitigating Role for Match-Specific Capital. The Quarterly Review of Economics and Finance, 38 (1), 47-60.
  • Campos, E., & Esfahani, H. (1996). Why and When Do Governments Initiate Public Enterprise Reform? World Bank Economics Review, 10 (3), 451-485.
  • Dao, M., & Esfahani, H. (1995). A Competitive Model of Growth of Government. Journal of Economic Studies, 22 (2), 4-20.
  • Esfahani, H., & Mookherjee, D. (1995). Productivity, Contracting Modes, and Development. Journal of Development Economics, 46 (2), 203-231.
  • Esfahani, H. (1994). Lessons from the Political Economy of Privatization and Public Sector Reform in the Middle East and Southeast Asia. The Quarterly Review of Economics and Finance, 34 301-331.
  • Arvan, L., & Esfahani, H. (1993). A Model of Efficiency Wages as a Signal of Firm Value. International Economic Review, 34 (3), 503-524.
  • Esfahani, H. (1991). Exports, Imports, and GDP Growth in Semi-Industrialized Countries. Journal of Development Economics, 35 (1), 93-116.
  • Esfahani, H. (1991). Reputation and Uncertainty: Toward an Explanation of Quality Problems in Competitive LDC Markets. Journal of Development Economics, 35 (1), 1-32.
  • Esfahani, H., & Salehi-Isfahani, D. (1989). Effort Observability and Worker Productivity: Towards an Explanation of Economic Dualism. Economic Journal, 99 818-836.
  • Esfahani, H., & Mojtahed, A. (1989). Agricultural Policy and Performance in Iran: The Post-Revolutionary Experience. World Development, 17 839-860.
  • Esfahani, H. (1988). Aggregate Trends in the Four Main Agricultural Regions in Egypt. International Journal of Middle East Studies, 20 135-164.
  • Esfahani, H. (1987). Growth, Employment, and Income Distribution in Egyptian Agriculture, 1964¬1979. World Development, 15 1201-1217.
  • Esfahani, H. (1987). Technical Change, Employment, and the Supply Response of Agriculture in the Nile Delta: A System-Wide Approach. Journal of Development Economics, 25 167-196.
  • Esfahani, H. (1983). Nonproduced Means of Production: Neo-Ricardians vs. Fundamentalists. Review of Radical Political Economy, 15 83-105.

Book Chapters

  • Bahramitash, R., & Esfahani, H., Roksana Bahramitash and Hadi Salehi Esfahani (Ed.) (2011). From Post Revolution to the Reform: Gender Politics and Employment. Veiled Employment: Islamism and a Political Economy of Women's employment in Iran Syracuse University Press.
  • Bahramitash, R., & Esfahani, H., Roksana Bahramitash and Hadi Salehi Esfahani (Ed.) (2011). Modernization, Revolution and Islamism: Political Economy of Women's Employment. Veiled Employment: Islamism and a Political Economy of Women's employment in Iran Syracuse University Press.
  • Bahramitash, R., & Esfahani, H., Roksana Bahramitash and Hadi Salehi Esfahani (Ed.) (2011). The Transformation of Female Labor Market. Veiled Employment: Islamism and a Political Economy of Women's employment in Iran Syracuse University Press.
  • Esfahani, H., Sisay Asefa (Ed.) (2010). The Challenges and Opportunities of Twenty-First Century Global Markets. Globalization and International Development Upjohn Institute.
  • Bahramitash, R., & Esfahani, H., Ali Gheissari (Ed.) (2009). Nimble Fingers No Longer! Women's Employment in Iran. Contemporary Iran: Economy, Society, Politics Oxford: Oxford University Press.
  • Esfahani, H., Gary McMahon, Hadi Salehi Esfahani, and Lyn Squire (Ed.) (2009). Understanding Common Trends and Variations in the Growth Experience of MENA Countries. Diversity in Economic Growth.
  • Esfahani, H., Gary McMahon, Hadi Salehi Esfahani, and Lyn Squire (Ed.) (2009). Understanding Economic Growth in Specific Contexts. Diversity in Economic Growth.
  • Esfahani, H., McMahon, G., & Squire, L., Gary McMahon, Hadi Salehi Esfahani, and Lyn Squire (Ed.) (2009). Diversity in Growth Experiences: The Role of Substitutes for the Fundamentals. Diversity in Economic Growth.
  • Esfahani, H., Economic Research Forum (Ed.) (2008). Growth Fundamentals and Economic Growth in the MENA Region. Institutions and Economic Development—Proceedings of the 14th Annual Conference of ERF.
  • Esfahani, H., M. Hashem Pesaran and Jeffrey B. Nugent (Ed.) (2007). A Reexamination of the Political Economy of Growth in MENA Countries. Explaining Growth in the Middle East (Contributions to Economic Analysis, Volume 278) Elsevier, North Holland.
  • Castanheira, M., & Esfahani, H., Gary McMahon and Lyn Squire (Ed.) (2003). Political Economy of Growth: Lessons Learned and Challenges Ahea. Explaining Growth: A Global Research Project ( pp. 159-212). New York, NY: Palgrave Macmillan.
  • Esfahani, H., Anwar Shah (Ed.) (2002). Measuring Public Sector Performance in Infrastructure. Re-Creating Government that Delivers and Serves Washington, DC: The World Bank.
  • de Dios, M., & Esfahani, H., Ed Campos (Ed.) (2001). Governance and Investment in the Philippines. Corruption: The Boom and Bust of East Asia Manila, the Philippines: Ateneo de Manila University Press and Hawaii: University of Hawaii Press.
  • Esfahani, H., & Taheripour, F., Mohammad Tabibian (Ed.) (2000). Off-Budget Expenditures and Fiscal Policy in Iran. The Iranian Economy.
  • Esfahani, H., Imed Limam (Ed.) (1999). Institutions, Budgetary Procedures, and Fiscal Performance: A New Institutional Framework for the Analysis of Budgeting Procedures. Institutional Reform and Economic Development in the Middle East and North Africa ( pp. 149-180). Kuwait: Arab Planning Institute.
  • Esfahani, H., Brian Levy and Pablo Spiller (Ed.) (1996). The Political Economy of the Philippines' Telecommunications Sector. Regulations, Institutions and Commitment: The Case of Telecommunications ( pp. 145-201). Cambridge, England: Cambridge University Press.

Book Reviews

  • Esfahani, H. (2002). The Economy of Iran: The Dilemmas of an Islamic State. ( pp. 102-103). Advances in Accounting Information Systems, I.B. Tauris.
  • Esfahani, H., & Henry, C. (1997). The Mediterranean Debt Crescent: Money and Power in Algeria, Egypt, Morocco, Tunisia, and Turkey. ( pp. 182-183). Middle East Studies Association Bulletin, University Press of Florida.
  • Esfahani, H., & Karshenas, M. (1995). Oil, State and Industrialization in Iran. ( pp. 116-120). Cambridge, England: Iranian Studies, Cambridge University Press.
  • Esfahani, H., Lavy, V., & Sheffer, E. (1993). Foreign Aid and Economic Development in the Middle East: Egypt, Syria, and Jourdan. Middle East Studies Association Bulletin, Praeger.
  • Esfahani, H. (1989). Food, States, and Peasants: Analysis of the Agrarian Question in the Middle East. ( pp. 449-454). Boulder, CO: Economic Development and Cultural Change, Westview Press.
  • Esfahani, H. (1988). Development and Social Change in Rural Egypt. ( pp. 218-222). Economic Development and Cultural Change, Syracuse University Press.
  • Esfahani, H. (1984). Migration, Mechanization, and Agricultural Labor Markets in Egypt. ( pp. 348-352). Boulder, CO: Journal of Development Economics, Westview Press.

Books and Monographs

  • Bahramitash, R., & Esfahani, H. (2016). Political and Socio-Economic Change in the Middle East and North Africa: Gender Perspectives and Survival Strategies. Hampshire, U.K: Palgrave Macmillan.
  • Esfahani, H., & Tuna, G. (2012). Economic Development in the Middle East and North African Countries: Contemporary Issues. Nova Science Publishers.
  • Bahramitash, R., & Esfahani, H. (2011). Veiled Employment: Islamism and a Political Economy of Women's Employment in Iran. Syracuse University Press.
  • Esfahani, H., Facchini, G., & Hewings, G. (2010). Economic Development in Latin America: Essays in Honor of Werner Baer. Hampshire, U.K: Palgrave Macmillan.
  • Esfahani, H., McMahon, G., & Squire, L. (2009). Diversity in Economic Growth. Cheltenham, UK: Edward Elgar.

Instructional Software

  • Esfahani, H. (1985). Computer-Based Models for Economic Policy Analysis.

Other Publications

  • Esfahani, H. (2007). Comments on 'Infrastructure: A Survey of recent and Upcoming Issues' by Antonio Estache.
  • Esfahani, H. (2000). Privatizing the Commons: A Comment on Anthony Hall's Paper.
  • Esfahani, H. (1991). Changing Patterns of Foreign Investment in Latin America: Comment.
  • Esfahani, H. (1987). Indexing Dollar Accounts and Inflation: Comments on Three Papers.
  • Esfahani, H. (1986). Technical Change with Non-produced Means of Production.

Working Papers

  • Esfahani, H., & Yousefi, K. Iran’s Manufacturing Sector under Intensified International Sanctions, 2012-2013.
  • Bahramitash, R., & Esfahani, H. Gender, Enterprise Ownership, and Labor Allocation in MENA.
  • Chang, E., & Esfahani, H. Budget Institutions and Emerging Market Credit Spreads.
  • Chang, E., & Esfahani, H. On the Determinants of Hidden Public Debt.
  • Chang, E., & Esfahani, H. The Determinants of Public Debt: The Role of Fiscal Discipline and Political Institution.
  • Esfahani, H., & Karimi, S. The Distributional Consequences of Government and Public Foundation Spending in Iran.
  • Ergul, E., & Esfahani, H. How the Oil Flows.
  • Ergul, E., & Esfahani, H. Identifying Firm Heterogeneity and Selection Effects in Trade Flows.
  • Esfahani, H., Hashemi, A., & Salehi-Isfahani, D. Voting for Populism: A Statistical Analysis of Iran's 2005 Presidential Election.
  • Esfahani, H. The Political Economy of Public Expenditure Inefficiencies in Bangladesh.
  • Esfahani, H. Credit Constraint, Moral Hazard, and Trade Policy: Theory and Evidence.
  • Esfahani, H. Political Economy of Economic Policy Reform in Yemen.
  • Ardakani, A., & Esfahani, H. What Determines the Extent of Public Ownership.
  • Esfahani, H. Institutions and Fiscal Discipline in MENA Region.
  • Campos, E., & Esfahani, H. Governance and Public Service Performance in MNA.
  • Esfahani, H. Political Economy of Growth in Iran, 1963-2002.
  • Esfahani, H., & Guala, F. Institutions, Credit Constraint, and Fiscal Behavior: An Empirical Study of Argentina's Provincial Governments.
  • Esfahani, H., & Kim, H. Hiding Public Debt.
  • Esfahani, H. A Political Economy Model of Resource Pricing with Evidence from the Fuel Market.
  • Esfahani, H. Political Economy of Growth in MENA Countries: A Framework for Country Case Studies.
  • Esfahani, H., & Kim, H. Institutional and Economic Determinants of Budget Deficit and Public Debt.
  • Esfahani, H., & Kim, H. What Drives the Decision to Monetize the Budget Deficit.
  • Esfahani, H., & Leaphart, S. Disaggregate Import Demand Elasticities in Turkey.
  • Esfahani, H., & Mahmud, M. The Political Economy of Protectionism and Industrial Policy.
  • Choi, Y., & Esfahani, H. Direct Foreign Investment and Transfer Pricing.
  • Esfahani, H. Governance and Development: An Analytical Framework with an Application to Pakistan.
  • Esfahani, H. Institutional Structure, Private Sector Development, and Public Sector Reform in Turkey.
  • Esfahani, H. Institutions, Private Sector Participation, and Infrastructure Development in Pakistan.
  • Esfahani, H. Social and Political Institutions and Economic Reform.
  • Arvan, L., & Esfahani, H. Market Equilibrium with Performance Contracts in the Presence of Turnover and Matching Frictions.
  • Arvan, L., & Esfahani, H. Why Explicit Performance Bonds Are Absent from Employment Contracts.
  • Esfahani, H. Institutional Structure and Public Sector Reform in Egypt.
  • Esfahani, H. Institutions and Foreign Investment: The Experience of Egypt under Infitah.
  • Esfahani, H. Regulation of Infrastructure in the Philippines: Implications for Economic Performance and Policy Reform.
  • Esfahani, H. Reputation, Product Quality, and Production Technology in LDC Markets.
  • Esfahani, H. Moral Hazard, Limited Entry Costs, and 'Introductory Offers'.
  • Esfahani, H. Foreign Exchange Constraint and Macroeconomic Adjustment in Developing Countries.
  • de Janvry, A., & Esfahani, H. Models for Agricultural Price Policy Analysis.
  • Esfahani, H. Agricultural Supply Response in Egypt: A System-Wide Differential Approach.
  • Dethier, J., & Esfahani, H. Macro-effects of Alternative Price Policies in Egypt.  link >

Honors and Awards

  • List of Teachers Ranked as Excellent, University of Illinois, 1988-1991, 1996-1997, 2001-2017

Grants

  • Labor Market Institutions, Employment, and Gender in MENA Countries, Economic Research Forum, 2014
  • Promoting North African Women’s Employment through SMEs, African Development Bank, 2014
  • Gender, Enterprise Ownership, and Labor Allocation in MENA, Economic Research Forum, 2013-2014
  • Market Context for Biofuels Microeconomics, Energy Biosciences Institute, 2007-2009
  • Trade Policy and Trade Volumes, Research Board, University of Illinois, 2004
  • The Determinants of Foreign Direct Investment Policies, National Science Foundation, 2003
  • Estimating Political Economy Models of Trade Policy for MENA Countries, Economic Research Forum for Arab Countries, Iran, and Turkey, 2002
  • Institutional Requirements of Successful Export Promotion, Economic Research Forum for Arab Countries, Iran, and Turkey, 1999
  • Institutions, Budget Procedures, and Fiscal Adjustment, Center for International Business and Economic Research, University of Illinois, 1999
  • Institutions, Budgetary Procedures, and Fiscal Performance in MENA Countries, Economic Research Forum for Arab Countries, Iran, and Turkey, 1999
  • Institutions and Economic Reform, Center for International Business and Economic Research, University of Illinois, 1998
  • Measuring the Readiness of Countries to Initiate and Sustain Market-Oriented Economic Reforms, Research Board, University of Illinois, 1997
  • The Role of Host Country Policy and Institutions in Direct Foreign Investment and Ownership Decisions, Center for International Business and Economic Research, University of Illinois, 1997
  • Trade Strategies and Economic Growth in Semi-Industrialized Countries, Research Board and Bureau of Economics and Business Research, University of Illinois, 1987
  • The Economics of Food Price Policy in Less Developed Countries, Bureau of Economic and Business Research, 1986
  • Product Quality, Reputation, and Production Technology, Bureau of Economic and Business Research, 1985
  • State Ownership and Enterprise Behavior, Bureau of Economic and Business Research, 1985

Service

  • Editor-in-Chief, Quarterly Review of Economics and Finance, 2006 to present

Contact

210 David Kinley Hall

1407 W. Gregory

Urbana, IL 61801

217-333-2681

esfahani@illinois.edu

Google Scholar

Update Your Profile Refresh Your Profile