Hadi Esfahani

Hadi Esfahani

Professor of Economics

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Contact

210 David Kinley Hall

1407 W. Gregory

Urbana, IL 61801

217-333-2681

esfahani@illinois.edu

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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. Forthcoming. What Can We Learn from Budget Institutions Details? Budget Procedures and Fiscal Performence.
  • 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.

Other Publications

Article

  • 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 or Monograph

  • 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.

Book Review

  • 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.

Chapter in a Book

  • 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.

Instructional Software

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

Other Publication

  • 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 Paper

  • Bahramitash, R., & Esfahani, H. (2013). Gender, Enterprise Ownership, and Labor Allocation in MENA.
  • Chang, E., & Esfahani, H. (2013). Budget Institutions and Emerging Market Credit Spreads.
  • Chang, E., & Esfahani, H. (2013). On the Determinants of Hidden Public Debt.
  • Chang, E., & Esfahani, H. (2013). The Determinants of Public Debt: The Role of Fiscal Discipline and Political Institution.
  • Esfahani, H., & Karimi, S. (2013). The Distributional Consequences of Government and Public Foundation Spending in Iran.
  • Ergul, E., & Esfahani, H. (2010). How the Oil Flows.
  • Ergul, E., & Esfahani, H. (2009). Identifying Firm Heterogeneity and Selection Effects in Trade Flows.
  • Esfahani, H., Hashemi, A., & Salehi-Isfahani, D. (2009). Voting for Populism: A Statistical Analysis of Iran's 2005 Presidential Election.
  • Esfahani, H. (2007). The Political Economy of Public Expenditure Inefficiencies in Bangladesh.
  • Esfahani, H. (2006). Credit Constraint, Moral Hazard, and Trade Policy: Theory and Evidence.
  • Esfahani, H. (2006). Political Economy of Economic Policy Reform in Yemen.
  • Ardakani, A., & Esfahani, H. (2005). What Determines the Extent of Public Ownership?
  • Esfahani, H. (2004). Institutions and Fiscal Discipline in MENA Region.
  • Campos, E., & Esfahani, H. (2003). Governance and Public Service Performance in MNA.
  • Esfahani, H. (2002). Political Economy of Growth in Iran, 1963-2002.
  • Esfahani, H., & Guala, F. (2002). Institutions, Credit Constraint, and Fiscal Behavior: An Empirical Study of Argentina's Provincial Governments.
  • Esfahani, H., & Kim, H. (2002). Hiding Public Debt.
  • Esfahani, H. (2001). A Political Economy Model of Resource Pricing with Evidence from the Fuel Market.
  • Esfahani, H. (2000). Political Economy of Growth in MENA Countries: A Framework for Country Case Studies.
  • Esfahani, H., & Kim, H. (2000). Institutional and Economic Determinants of Budget Deficit and Public Debt.
  • Esfahani, H., & Kim, H. (2000). What Drives the Decision to Monetize the Budget Deficit?
  • Esfahani, H., & Leaphart, S. (1999). Disaggregate Import Demand Elasticities in Turkey.
  • Esfahani, H., & Mahmud, M. (1998). The Political Economy of Protectionism and Industrial Policy.
  • Choi, Y., & Esfahani, H. (1996). Direct Foreign Investment and Transfer Pricing.
  • Esfahani, H. (1996). Governance and Development: An Analytical Framework with an Application to Pakistan.
  • Esfahani, H. (1996). Institutional Structure, Private Sector Development, and Public Sector Reform in Turkey.
  • Esfahani, H. (1995). Institutions, Private Sector Participation, and Infrastructure Development in Pakistan.
  • Esfahani, H. (1995). Social and Political Institutions and Economic Reform.
  • Arvan, L., & Esfahani, H. (1994). Market Equilibrium with Performance Contracts in the Presence of Turnover and Matching Frictions.
  • Arvan, L., & Esfahani, H. (1994). Why Explicit Performance Bonds Are Absent from Employment Contracts.
  • Esfahani, H. (1993). Institutional Structure and Public Sector Reform in Egypt.
  • Esfahani, H. (1993). Institutions and Foreign Investment: The Experience of Egypt under Infitah.
  • Esfahani, H. (1993). Regulation of Infrastructure in the Philippines: Implications for Economic Performance and Policy Reform.
  • Esfahani, H. (1993). Reputation, Product Quality, and Production Technology in LDC Markets.
  • Esfahani, H. (1990). Moral Hazard, Limited Entry Costs, and 'Introductory Offers'.
  • Esfahani, H. (1985). Foreign Exchange Constraint and Macroeconomic Adjustment in Developing Countries.
  • de Janvry, A., & Esfahani, H. (1983). Models for Agricultural Price Policy Analysis.
  • Esfahani, H. (1983). Agricultural Supply Response in Egypt: A System-Wide Differential Approach.
  • Dethier, J., & Esfahani, H. (1981). 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

Services

  • 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